The Business Times, 11 May 1999
1999-05-11
1
36
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The Business Times
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Title Section12 1999-05-11 1 THE BUSINESS TIMES MlTAO>>i«n iliuiks 85c SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, MAY 11,199912 words
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Article67 1999-05-11 1 □sn 18C&38 (-37.07) n w-m fcj 7HLO6 (-10.37) □SQuanrruiES 278J0 (-1.70) nHABKETMOODc KB Mixed STOCK MASKET INDICES Monday Change KLSE COMP 706.83 +14.16 NIKKEI *****.01 «)0.49 HANG SENG 13,16X20 +166.77 SET INDEX 490.43 +1118 JAKARTA COMP __674M 4.70 MANILA COMP __2*44£3 +3&07 TAIPEI WPI 7,***** +16.04 SEOUL COMP67 words
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Article81 1999-05-11 1 FOBE! BATES us$ ss 08$ 1.700 £(US$/S$ per L» I7tt EUR0(US$/S$ per E) 1.074 L826 DM 1.822 0J8S YEN 12(18 1.407* RM 1800 0.447 HKS 7.761 Oilt BAHT 3685 0.040 RUP1AH 7,800 0.022 St >0100 louts PUKE BATES SINGAPORE* 6.828 KUALA LUMPUR 11.60 JAKARTA 28.00 BANGKOK 14.75 MANILA 219081 words
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1327 1999-05-11 1 Conrad Raj - FOCUS OX CLOB Cash offer is aniqne so there are no 'generally accepted standards', it says By Conrad Raj [SINGAPORE] Effective Capital, the Malaysian company controlled by Singapore-born businessman Akbar Khan which has made a multi-bil-lion dollar cash offer for all suspended Clob securities, yesterday1,327 words
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797 1999-05-11 1 Quak Hiang Whai - This will double HSBC's private banking business Frorw Quak Hiang Whai in Hongkong IN one of the largest takeovers of a US bank by a foreign institution, HSBC Holdings pic yesterday said it plans to buy US-based Republic New York Corporation (RNYC)797 words
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Article491 1999-05-11 1 Christopher Tan - Demand for bigger cars, commercial vehicles picks up By< Christopher Tan [SINGAPORE] COE premiums for June rose convincingly as demand for cars, especially the bigger ones, resumed. In the second tender since four car categories were merged into two, premiums for certificates of entitlement491 words
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278 1999-05-11 1 R Sivanithy - Greenspan, DPM's comments not shaken off yet By\ R Sivanithy [SINGAPORE] US interest rate worries and recent comments that local stocks may be overvalued continued to haunt the stock market yesterday, with the Straits Times Index losing another 37.07 points or 2 per278 words
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Page 1 Advertisements
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Advertisement133 1999-05-11 1 DHBDE The Property Ottmnii Lee Kan Shih on why the government should resume land sales this year, Pg 4 UhMM Yang Razali Kassim looks at the factors at work in the presidential elections in Indonesia, Pg 11 BE] P m JL I Kftto boohing US President Bill Clinton, seeking to133 words
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Advertisement154 1999-05-11 1 Higher profile ahead of US listing, Pg 14 Skill, confidence, creativity and balance. Can you say the same about your cash management bank? T achevement ii mmnmnmmmmm jfctiMTt AqTl X I^fr B "5P r TOP BANK IN GLOBAL CASH BEST CASH MANAGEMENT MANAGEMENT BANK IN ASIA* BEST ASIAN CASH MANAGEMENT154 words
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Advertisement19 1999-05-11 1 Pull text of statement, Pg 2 'KLSE rally due to trading halt on Clob', Pg2 Market reports, Pg 18-2219 words
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FOCUS ON CLOB
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Article, Illustration2552 1999-05-11 2 Dato' Haji Mohamed Moiz - Dato' Haji Mohamed Moiz Chief executive officer May 10, 1999 THEfollowing is thefull text of the response of Effective Capital Sdn Bhd (Effective Capital) to the statement of the Stock Exchange of Singapore Ltd (SES) on the cash offer. The SES statement of MaySIEW YAW HOONG - 2,552 words
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408 1999-05-11 2 Eddie Toh - So it's grossly nnf&ir to demand today's price: NST writer Prom Eddie Toh in Kuala Lumpur THE spike in Malaysian share prices in the last few months is partly due to the termination of trading in Malaysian shares on Singapore's Clob International,408 words
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Page 2 Advertisements
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Advertisement330 1999-05-11 2 (±s SOUTHERN ILLINOIS UNIVERSITY Carbondale, Illinois, USA American MBA Internationally Accredited by AACSB 18 months 11 modules 495 contact hours Fully Accredited by NCACS 100% taught by University's professors 2nd Intake in Singapore Starting 28 May '99 100% in Singapore Management Education Centre «nDm one of America s 10 Anson330 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration308 1999-05-11 3 Corinne Kerk - EYE ON THE ECONOMY Construction By Corinne Kerk AFTER a sharp and sudden recovery in January, construction contracts awarded continued their downward momentum, plunging 73 per cent year-on-year in February, according to preliminary figures. Numbers from the Building and Con- struction Authority (BCA)Source: BCA - 308 words
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382 1999-05-11 3 Eugene Low - Sources claim $l.lb p&r&xylene plant to be mothballed for about three years By] Eugene Low SINGAPORE Aromatics Company (SAC) once again denied rumours that it will be closing down its $1.1 billion paraxylene plant here. Responding to queries from BT, an SAC spokeswoman382 words
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309 1999-05-11 3 The Straits Times INVESTMENT bank Merrill Lynch International is suing a former top-earning employee for more than US$25 million (5542.5 million) in the High Court here. It is alleging that Kevin Wallace, 48, who used to handle the share trading accounts of its privateThe Straits Times - 309 words
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Page 3 Advertisements
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Advertisement89 1999-05-11 3 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nomjnee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For89 words
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Advertisement321 1999-05-11 3 YOU'VE GROWN YOUR BUSINESS DESPITE INDUSTRY HICCUPS, DOWNSIZING AND THE ECONOMIC CRISIS. ARE YOU ABOUT TO BE UNDONE BY YOUR FINANCIAL SOFTWARE? After everything your business has survived, isn't it ironic that the biggest threat may be lurking down the corridor in the accounting department? The truth is, it's impossible321 words
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FOCUS: PROPERTY
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Article, Illustration710 1999-05-11 4 Lee Han Shih - THE PROPERTY COLUMN A Colliers Jardine study suggests that the recent heavy demand for 99-year leasehold condos could lead to short supply in the so-called upgrader segment next year By Lee Han Shih THERE is a glut in the housing market, but the governmentFILE PHOTO - 710 words
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Page 4 Advertisements
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Advertisement742 1999-05-11 4 Factory In Tuas For Sale Single storey factory annexed to a 3-storey office with a single storey workshop and an incineration plant. Land Area Approx. 87,413 sq ft Gross Floor Area Approx. 56,123 sq ft Tenure 30 30 years w.e.f Sept 1990 Call Sole Marketing Agent CB Richard Ellis (Pte)742 words
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Advertisement196 1999-05-11 4 Brand New Industrial Building atTuasView Square Im m I .>S| 2 gtsy < 4-storey factory/warehouse building Good access via PIE/AYE Close proximity to Second Link S Land Area 32, 946 sq.ft. Built-in Area 46, 000 sq.ft. y Ceiling Height: 6- 7 m y Floor Loading 10-20 kN/m 2 Tenure: Private196 words
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Advertisement112 1999-05-11 4 PRIME INDUSTRIAL FACTORY FOR SALE 1) Address 57 Senoko Drive Description 5 blocks of purpose-built office, factory and warehouse Land Area 28,989 sqm Gross Floor Area Approx. 22,006 sqm Tenure :JTC Leasehold 30+30 years wef 01 February 1982 2) Address 24 Senoko Drive Description 2 blocks of purpose-built office, factory112 words
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SOUTH-EAST ASIA
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271 1999-05-11 5 JAKARTA Reuters, AFP INDONESIA'S ruling party Golkar may be barred from campaigning for the June 7 elections after charges that it had used money from an aid programme for its own political gains, a newspaper reported yesterday. Media Indonesia quoted an official from theReuters,; AFP - 271 words
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Article, Illustration511 1999-05-11 5 KUALA LUMPUR Bolton, Kejora shares soar with Samsndin Aba Hassan onboard Bloomberg SAMSUDIN Abu Hassan is back. Once one of Malaysia's best-known stockmarket players, Mr Samsudin is making his presence felt in his home country again by joining the boards ofBloomberg - 511 words
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486 1999-05-11 5 Diana Oon Abdullah - Month-long blitz to target locals, under RM250,000 homes From Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S property developers are gearing up for yet another mass property blitz beginning this Saturday, barely four months after the first month-long Home Ownership Campaign closed in486 words
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279 1999-05-11 5 MANILA Bat it won't pot in fresh capital to help debt-laden airline Bloomberg, AFP [MANILA] Deutsche Lufthansa AG, Europe's second largest airline, may take management control of Philippine Airlines Inc, though it's unwilling to invest any money, a senior Philippine official said yesterday. Trade SecretaryBloomberg,; AFP - 279 words
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Page 5 Advertisements
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Advertisement460 1999-05-11 5 Race for presidency, Pg 11 m'B EPSON qa! B9 W«4O. H THt POWER TO CREATE Leader of the pack. mgmfa i H b I EPSON. High speed and photo-quality printing that put you miles ahead. Improve business performance by leaps and bounds with an EPSON inkjet printer. Incorporating EPSON s460 words
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ASIA ON THE MEND
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401 1999-05-11 6 FT [KUALA LUMPUR] Malaysia is to unveil a bond issue within the next fortnight that will demonstrate its emergence from the status of financial pariah and provide further evidence of Asia's rehabilitation in international capital markets. A successful outcome for theFT - 401 words
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404 1999-05-11 6 Company optimistic about recovery in M'sian economy; investments to continue AFP [KUALA LUMPUR] Japan's electronics giant Sony Corp hopes Malaysia will maintain its much criticised currency peg to spur exports of domestic manufactured goods. The company's Malaysian operation, hopeful of strong growth here,AFP - 404 words
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Article, Illustration399 1999-05-11 6 Put money in Asian equities as growth in region seen: govt Reuters [TOKYO] The Japanese government aims to encourage Japanese private investors to sink money into Asian securities, as its public aid has helped these nations to weather the crisis and beginReuters; AFP - 399 words
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665 1999-05-11 6 The central bank governor talks about challenges ahead and the desired exchange rate for the won Bridge News Following are selected excerpts from a recent exclusive Bridge interview with Chon Choi Hwan, the governor of South Korea's central bank, theBridge News - 665 words
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Article, Illustration409 1999-05-11 6 Bloomberg, Bridge News, AFP [JAKARTA] The Indonesian rupiah gained as much as 2.7 per cent against the US dollar to a four-month high as investors grew upbeat about the economy, reinforced by the International Monetary Fund's improved economic projection yesterday. TheBloomberg,; Bridge News,; AFP; Source: Bloomberg - 409 words
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287 1999-05-11 6 Bat they're worried about forex risks; political uncertainty Reuters [BANGKOK] Thai corporations are increasingly confident about prospects for economic recovery but are concerned about political uncertainty and foreign exchange risks, a government think tank said in a report. The Office of the National EconomicReuters - 287 words
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Page 6 Advertisements
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Advertisement39 1999-05-11 6 Strait Talk TheßiwiwTiiies Shipping Times T jloyd's List Chartering New Waters For Your Free Trial Call: LLP Asia: +852 2854 3222 Uoycfs is the trademark of the Society incorporated by the Lloyd's Act at 1871 by the name Uoyde"39 words
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Advertisement22 1999-05-11 6 TT Ntl On top nftlUk HE i I HHIwMp WMKFi fit i *T"T* MrIT scene f-rSCT? fit i n: BuainesUT, ereryMonday in22 words
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CHINA-HONGKONG-TAIWAN
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254 1999-05-11 7 BEIJING Reuters CHINA must cut interest rates again to counter deflation and safeguard the long-term stability of its currency, the official China Securities newspaper said yesterday. "The excessively high level of the actual interest rate and a growing deflationary trend are undisputableReuters - 254 words
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408 1999-05-11 7 BEIJING Industrial sector completed 170b yuan added value in April: statistics bureau AFP, Bloomberg CHINA clocked up a 9.1 per cent growth rate in industrial value added in April compared with the same period last year, the State Statistics Bureau (SSB) said in aAFP,; Bloomberg - 408 words
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184 1999-05-11 7 BEIJING Scientists, economists, officials to tour the country Bernama ONE hundred leading Chinese scientists, economists, officials and business tycoons will tour the nation later this month to give advice on local economic development. From May to December, they plan to give eight lecturesBernama - 184 words
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322 1999-05-11 7 SHANGHAI Bat rate cuts will drain 6.8b yuan from coffers: report Bridge News THe China Construction Bank (CCB), one of China's four largest state-owned commercial banks, has reaffirmed its profitability but says interest rate cuts will drain an estimated 6.8 billion yuan (Ssl.4 billion) from itsBridge News - 322 words
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Article, Illustration361 1999-05-11 7 BEIJING Poor demand growth despite 7% rise in power output cited Bloomberg A RECENT surge in power output in China is failing to revive the enthusiasm of foreign investors disillusioned by weak demand growth and tough negotiations with their local partners. China's electricityBloomberg; FILE PHOTO - 361 words
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Page 7 Advertisements
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Advertisement229 1999-05-11 7 Most ERP applications are implemented with about this much efficiency and I I Introducing Epicor, the company with business solutions for the rest off us. I Thinking about implementing a typical At Epicor, our unique focus helps you ENTERPRISE SYSTEM? BETTER BRACE LEVERAGE YOUR LIMITED RESOURCES AND yourself. Because, frankly,229 words
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ASIA
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Article, Illustration372 1999-05-11 8 SYDNEY Investors dump them after UK sale, sending Gold Index down Bloomberg, Reuters [SYDNEY] Australian gold stocks yesterday posted their biggest one-day drop this decade, reversing last Friday's largest rally in six years, as investors responded to the plan by theBloomberg,; Reuters; Source: Bloomberg - 372 words
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250 1999-05-11 8 SYDNEY April job ads up 1.6%; business conditions remain strong AFP AUSTRALIA'S government yesterday received another raft of good economic news as it prepared to release a budget largely designed to fulfill election promises. A rise in April job advertisements showed employmentAFP - 250 words
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270 1999-05-11 8 SEOUL US group Met Life opts out after nearly a year of talks AFP FRENCH insurance group Axa and three other firms have joined the race to buy ailing Korea Life Insurance Co, one of South Korea's three largest insurers, financialAFP - 270 words
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Article, Illustration72 1999-05-11 8 [BOMBAY] Workers adding the final touches to a giant replica of the cricket World Cup in Bombay yesterday. The cup will be on display in more than 20 Indian cities during the tournament which is set to begin in England on Thursday. Cricket fever is raging across theREUTERS - 72 words
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181 1999-05-11 8 ■SEOUL Bloomberg SOUTH Korea's savings rate last year dropped to its lowest level in 13 years and will probably fall again this year as the government spends more on unemployment benefits and consumer confidence returns. The proportion of national income Koreans, includingBloomberg - 181 words
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Page 8 Advertisements
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Advertisement359 1999-05-11 8 HWkn 1 HEWLETT 9 mL'HM PACKARD HP's range of AU-in-One Products HP LaserJet 3100 Laser quality black 6t white printer Plain paper Fax Black white sheetfed scanner Black white sheetfed coper HP LaserJet lIOOA Laser quality black white printer Black white sheetfed scanner Black white sheetfed copter HP Office Jet359 words
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THE WORLD
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Article, Illustration845 1999-05-11 9 BASLE, Switzerland It maintains 4th position after London, US, Japan despite Asian crisis AFX-Asia, Bloomberg, Reuters SINGAPORE consolidated its position in the top league as a centre for foreign exchange transactions, a study by the Bank for International Settlements (BIS) showed. The RepublicAFX-Asia,; Bloomberg,; Reuters - 845 words
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223 1999-05-11 9 BASLE, Switzerland Bloomberg THE Group of 10 central bank governors said the global financial crisis has eased, and they expect economic growth of more than 3 per cent in the US and some recovery in re-cession-battered Asia, Bundesbank president Hans Tietmeyer said yesterday.Bloomberg - 223 words
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316 1999-05-11 9 PARIS Bloomberg DEMAND for satellite launches will likely triple over the next decade to as many as 163 a year, worth an estimated US$55 billion (5593.5 billion), as commercial use of satellites rises, said a space market analyst. An average ofBloomberg - 316 words
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193 1999-05-11 9 WASHINGTON AFP A US scientist working at the Pentagon gave China classified information about advanced radar technology' being developed to track submarines, The New York Times reported yesterday. The research, which the defence department had jealously guarded, was divulged to Chinese nuclearAFP - 193 words
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WORLD Watch
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76 1999-05-11 9 Reuters [TOKYO] The world's top four trading powers will call for China's quick entry into the World Trade Organisation (WTO), Kyodo news agency reported yesterday. In a draft statement prepared ahead of two-day talks beginning in Tokyo today, the US, Japan, the EuropeanReuters - 76 words
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Article66 1999-05-11 9 Reuters [LONDON] The cost of goods leaving British factories jumped last month, but core inflationary pressures in the recovering economy remained benign, economists said. The cost of manufacturing goods jumped 0.7 per cent in April to produce a year-on-year rise of 1.0 per cent, theReuters - 66 words
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Article41 1999-05-11 9 NYT [NEW YORK] Microsoft chairman Bill Gates has given US$5O million (SsB4 million) to Columbia University's Joseph L Mailman School of Public Health for a programme to prevent mothers in developing nations from dying during childbirth. NYTNYT - 41 words
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Article, Illustration648 1999-05-11 9 BELGRADE AFP. Bridge News, Bloomberg, Reuters AMERICAN President Bill Clinton, seeking to contain widespread criticism of last Friday's Nato (North Atlantic Treaty Organisation) bombing of the Chinese embassy in Belgrade by mistake, has publicly apologised to China. "I want to say toAFP.; Bridge News,; Bloomberg,; Reuters; REUTERS - 648 words
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Page 9 Advertisements
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Advertisement172 1999-05-11 9 •Tung Centre •Parkway Parade •A-Z Building For details, please contact owner: Tel: 437 6853 437 6872 534 3132 25 26 Moy 1999, The Marino Mandarin, Singapore A Two-day Conference providing 'real-time' information on the Bond Market in Singapore and Asia Overview of the Asian Bond Markets Growth of Institutional Investments172 words
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Advertisement84 1999-05-11 9 I FREE Property Management Seminar I I Commercial Retail Industrial Apartments Houses H I Adding value to your asset Economic facilities management H I Tenant retention Statutory compliance issues Tax GST effective accounting H Two identical seminars are to be held on H I SATURDAY 29TH MAY 1999 (3PM-SPM) AND84 words
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EDITORIAL & OPINION
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Article, Illustration698 1999-05-11 10 Shoeb Kagda - THB BOTTOM LDfll OPINION By Shoeb Kagda The writer is BT's Jakarta correspondent FOR the past five decades since achieving independence from Dutch colonial rule, Indonesia's political and economic landscape has been monopolised by the Javanese. The country's two long-serving presidents before B J698 words
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Article138 1999-05-11 10 'British citizenship is not a bauble to be bought or traded. It is a privilege.' Gerald Howarth Conservative Member of Parliament, welcoming Britain's refusal of citizenship for the second time to Mohamed Al Fayed, the Egyptian-born owner of the renowned Harrods department store. 'It would take quite138 words
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Article633 1999-05-11 10 EDITORIAL UP until about two years ago, Singaporean banks could count on remaining largely local in their focus, having the retail domestic market mostly to themselves, and not being unduly pressured to either grow or innovate. As Senior Minister Lee Kuan Yew suggested last week, this is633 words
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Article, Illustration907 1999-05-11 10 Shada Islam - And Italy's former prime minister says he is ready for job of European Commission chief By Shada Islam The writer is a Brussels-based journalist who contributes to BT DISCREDITED by charges of cronyism and fraud made against some of its top officialsFILE PHOTO - 907 words
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Article, Illustration1056 1999-05-11 10 Fallout from Matobfamdor AS THE Nato campaign against Yugoslavia drags on, it begins increasingly to take on the characteristics of Greek tragedy. Nato's stillstated belief that it can drive a man like President Slobodan Milosevic to capitulate through hi-tech, airborne weaponry alone, without ground troops, is1,056 words
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Article, Illustration2293 1999-05-11 11 Yang Razali Kassim - Marzuki's push for Wiranto has not been able to blunt Habibie's surprising lead in the run-up to the November presidential elections in Indonesia Reports by Yang Razali Kassim The writer is BT's regional analysis editor (Part n will appear tomorrow). [SINGAPORE] MARZUKI Darusman a surpriseCompiled by BT - 2,293 words
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1443 1999-05-11 11 Q: Golkar has thrown up five candidates for the presidency President Habibie, Golkar chairman Akbar Tanjung, armed forces chief General Wiranto, Coordinating Economic Minister Ginanjar Kartasasmita and the Sri Sultan Hamengkubuwono X of Yogyakarta. How did these names emerge? A: These names came from a1,443 words
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EXECUTIVE LIFESTYLE
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Article, Illustration486 1999-05-11 12 Lower costs and a highly developed film industry attract filmmakers Reuters [SYDNEY] Hollywood has discovered Australia and film production Down Under is booming. The latest blockbuster out of Australia, Warner Bros' sci-fi film The Matrix starring Keanu Reeves, took a record US$BO-plus million (Ssl36 million) worldwideReuters; REUTERS - 486 words
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Page 12 Advertisements
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Advertisement173 1999-05-11 12 J Offers Personalised Cash Access .Sf^BT^.c* Where to dine End entertHin*• Mermtiomr at over 30,000 locations worldwide. Ifliijß Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. $22 (Adult) £15 (Child) for 4to 5 persons £20 (Adult) £15 (Child) for 6 persons173 words
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Advertisement43 1999-05-11 12 HOTEL ORANO CENTRAL LIMITED 22 Orchard Road/Cavanagh Road. Singapore *****7 Tat: 737 9M4 Ext 400/02 Fax 733 3175 7^l Advertise in Wine, Dine Entertain of The Business Times. Contact Jennifer Ng 740 1581, Raymond Seah 740 1260 or Shirley Lee 740 2290 now.43 words
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Advertisement121 1999-05-11 12 J JsiAt JV* IKIJg CITY THAI SHARKSFIN RtSTAURANT Braised Braised Superior Shark's fin vWCrabmeat (I Otypot per person) Braised Whole Abatone w/Supreme Mushroom Kai-Lan Sambal Pomfret Prepared m Thai Style Crispy Fned Golden Beancurd Baked King Prawn WVermcelli m Claypot That Style Pineapple Rjcp Dessert A Choice of Sweetened Tapioca121 words
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Advertisement212 1999-05-11 12 M 0 ■"j M *t*»4 "1212" LUNCH PROMOTION (From 12 noon 2.30 pm daily) Come and try our value for money "1212" lunch promotion bring at least one friend to enjoy the following special prices and discount. i_ Itf M IWNvrtl Oifct awrtt n««<« Mon Chicken Rice 58.50 $1.00 $4.25212 words
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Advertisement99 1999-05-11 12 jff i Coffeehouse Ist floor The Magic of Thailand at Chatterbox Coffeehouse 9 to 23 May 1999 Enquiries: LA 831 6291 j5 Mandarin QQ Singapore 333 Orchard Road, Singapore *****7. Tel: 737 4411 Fax: 732 2361 Lh r *o: A «uI «w«atf *K W JOM Inn *nJ oy*tr lovtn I99 words
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Page 12 Miscellaneous
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Miscellaneous1265 1999-05-11 12 CRYPTIC CROSSWORD 1 The point of sewing is making ""■■l mm— a m m m hb SH 5 Is open for treating animals 9 Break in a sort of benefit (8) H MT r~ M MT 10 The teacher appears over- m KB |H |8 §Q M come (6) 121,265 words
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COMPANIES & MARKETS
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Article, Illustration404 1999-05-11 13 Felix Chan - $23m sale of holdings in HK shipping firm will rid group of debilitating division By Felix Chan [SINGAPORE] SembCorp Logistics (SCL) has sold its stake in Wah Kwong Shipping Holdings for $23 million in a move that will rid the group of the debilitatingFILE PHOTO - 404 words
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451 1999-05-11 13 It hopes to sign pact with seller News Corp soon Bloomberg [TOKYO] Singapore Airlines, Asia's most profitable carrier, expects to strike a deal to buy 50 per cent of Ansett Holdings from News Corp within the next few weeks, executive vice-president MichaelBloomberg - 451 words
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828 1999-05-11 13 R Sivanithy - HOCK LOCK SIEW R Sivanithy WHAT do Singapore Petroleum, Hind Hotels, Popular Holdings, Panpac Media and Hwa Hong have in common? For those who have been following the stockmarket action in the past month, the answer would be simple: all are thinly-traded828 words
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197 1999-05-11 13 Bloomberg [SINGAPORE] Furniture and home appliances retailer Courts (Singapore) Ltd says it expects to better analysts' earnings forecast for fiscal 1999 on improved sales and smaller provisions for bad debts. Six analysts polled by The Estimate Directory have forecast Courts' profit for the yearBloomberg - 197 words
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489 1999-05-11 13 Jennifer Lien - Wnthelam has sold Liang Court; there are reports it may sell Delteq By Jennifer Lien [SINGAPORE] Will contract manufacturer Omni Industries be the next firm in the Wuthelam stable to be sold? Electronics analysts are asking the question following Wuthelam's sale489 words
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COMPANIES
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325 1999-05-11 14 Clarissa Tan - It will invest in Asian companies to generate long-term capital appreciation By* Clarissa Tan [SINGAPORE] Chase Manhattan Corp has launched a private investment fund aimed at riding on the recovery of the Asian economies, a statement from the bank said yesterday. The fund was325 words
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249 1999-05-11 14 Sale of 5J% share reaps NZs43m for the company Bloomberg [WELLINGTON] Brierley Investments Ltd has sold its 5.1 per cent stake in Fletcher Challenge Ltd's forestry division, reaping about NZ$43 million (5540.9 million) through the deal. Brierley gained the shares as partBloomberg - 249 words
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218 1999-05-11 14 AFX-Asia [HONGKONG] Johnson Electric Holdings Ltd said it has acquired Electric Motor Systems from Lear Corp for US$3lO million (*****.8 million). It said the acquisition represents a significant step forward in Johnson Electric's strategy of strengthening its world leadership position in the design, developmentAFX-Asia - 218 words
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505 1999-05-11 14 Power producer seen as major beneficiary of KL's currency peg Bloomberg [KUALA LUMPUR] Tenaga Nasional Bhd, Malaysia's largest power producer, is likely to have swung to a firsthalf profit, making it one of the biggest beneficiaries of theBloomberg - 505 words
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Article, Illustration704 1999-05-11 14 Quak Hiang Whai - It'll strengthen bank's future fond raising position in US From Quak Hiang Whai in Hongkong THE purchase of Republic New York Corporation (RNYC) and Safra Republic Holdings by HSBC Holdings will provide a good strategic fit in terms of productFILE PHOTO - 704 words
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Article, Illustration537 1999-05-11 14 AFX-Asia [HONGKONG] Fair value estimates of Hongkong Telecommunications Ltd shares are diverging sharply as analysts struggle to place a current price on the future earnings of a nascent Asian Internet and multimedia business. By different accounts, Hongkong Telecom is either an enfeebledAFX-Asia; FILE PHOTO - 537 words
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COMPANY Briefs
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75 1999-05-11 14 [SINGAPORE] City Developments Ltd (CDL) subsidiary Educado Company Ltd has disposed of its 1.26 per cent shareholding, comprising 4.4 million ordinary shares, in CDL Hotels New Zealand Ltd (CDLHNZ) —a subsidiary of CDL Hotels International Ltd (CHIL), which is in turn a subsidiary75 words
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72 1999-05-11 14 [SINGAPORE] Ipco International has told the Stock Exchange of Singapore that apart from any effect arising from the company's announcement on May 4, its directors are not aware of any reason for the substantial increase in the company's share price and trading volume72 words
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69 1999-05-11 14 [SINGAPORE] Dragon Land subsidiary Qingdao Huashan International Country Club Co has sold a 10 per cent interest in its completed first 18-hole golf course with club house the Qingdao Huashan International Country Club—to the Jiangsu ChenXing Phosph Chemicals Group for 32.42 million yuan69 words
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Article68 1999-05-11 14 [SINGAPORE] Inno-Pacific Holdings has received in-principle approval from the stock exchange for its proposed placement of 23.7 million new shares, or about 10 per cent of its existing paid-up capital, at 20 cents each to Tong Keng Meng. The net proceeds of about $4.7 million68 words
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228 1999-05-11 15 Bloomberg [TOKYO] Nippon Telegraph Telephone Corp, the world's largest phone company, says two of its subsidiaries will form an alliance with Hewlett-Packard Co to strengthen their multimedia businesses. NTT-ME Corp, NTT-ME Information Xing Inc and Hewlett-Packard Japan Ltd, the Japanese unit ofBloomberg - 228 words
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307 1999-05-11 15 Move aimed at holding off potential predators report Bloomberg [MADRID] Telefonica SA, Spain's biggest telephone company, wants to become part of a possible merger between SBC Communications Inc, the fifth-biggest local phone company in the US, and Telefonos de Mexico SA, Mexico's national telephone company,Bloomberg - 307 words
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WORLD Briefs
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Article89 1999-05-11 15 AFP [TOKYO] Japan's computer giant NEC Corp yesterday said it was in talks with General Electric Co of Britain over a telecoms tie-up. "We are currently under negotiation with the GEC group over telecoms cooperation," said an NEC spokesman. Britain's Sunday Telegraph newspaper saidAFP - 89 words
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74 1999-05-11 15 Bloomberg [MONTREAL] Teleglobe Inc, Canada's largest international long-distance phone company, plans to spend US$5 billion (SsB.s billion) over the next five years to boost the capacity and reach of its network, making it the world's largest. The company said the move will double theBloomberg - 74 words
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68 1999-05-11 15 Reuters [STOCKHOLM] Swedish group Ericsson yesterday said it had signed a US$29O million (***** million) contract with China Telecom to supply GSM mobile telephone equipment to Guangdong province. The project, set to begin in June and be completed in 2000, would bring the Guangdong MobileReuters - 68 words
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45 1999-05-11 15 AFP [AMSTERDAM] Philips said yesterday it will pay about US$59 million (*****.3 million) for US company Voice Control Systems which specialises in making voice-recognition equipment. It said VCS would become a key element of Philips Speech Processing. —AFPAFP - 45 words
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55 1999-05-11 15 Toyota studying C W's IDC offer AFP [TOKYO] Toyota Motor Corp yesterday said it was still studying an offer from Britain's Cable and Wireless which wants to buy International Digital Communications, a long-distance Japanese telecoms carrier. The British firm has put in a bid to buy up IDC, in whichAFP - 55 words
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Article, Illustration608 1999-05-11 15 Talks on merger, which will give Chevron control of Caltex, being held Bloomberg [HONGKONG] Chevron Corp, the fourth largest US oil company, will raise its market share in the Asia-Pacific if it buys rival Texaco Inc as it will gain control ofBloomberg; FILE PHOTO - 608 words
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405 1999-05-11 15 'Phone-On-A-Chip' distills fnntions of five chips into one Reuters, Bloomberg [NEW YORK] Lucent Technologies Inc said yesterday it has distilled the functions of five computer chips into a single chip for telephones that carry voice on Internet networks. Lucent, the world's largest telecommunicationsReuters,; Bloomberg - 405 words
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447 1999-05-11 15 Deal will pnt MSN Internet portal on mobile phones Bloomberg, AFX-Asia [REDMOND, Washington] Microsoft Corp, the world's largest software maker, said it will invest US$6OO million (551.02 billion) in Nextel Communications, a nationwide mobile phone company, to give Nextel's customers a wireless version ofBloomberg,; AFX-Asia - 447 words
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FINANCE & COMMODITIES
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402 1999-05-11 16 FT, Reuters [BERLIN] Plans to create Europe's biggest steelmaker collapsed at the weekend when Germany's Salzgitter broke off talks with Arbed of Luxembourg after months at the negotiating table. The decision came after Salzgitter's management and workers shied away from a deal thatFT,; Reuters - 402 words
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693 1999-05-11 16 Rising bond and equities prices are likely to keep the Japanese off bonds FT [LONDON] Is the bull market in western government bonds drawing to a close? To judge by the sharp rise in US Treasury bond yieldsFT - 693 words
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Article, Illustration541 1999-05-11 16 Neil Behrmann - From, Neil Behrmann in London THE Asian stockmarket boom and growing hopes of economic recovery in the region are helping to spur metal prices. Since their low points in the past few months, threemonth nickel has surged by 50 per cent onFILE PHOTO - 541 words
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310 1999-05-11 16 It consolidates its interest in NYSE specialist firms Bloomberg [NEW YORK] Van der Moolen Holding NV, a Dutch securities trading firm, increased its stake in two New York Stock Exchange specialist firms last week and plans other acquisitions. Financial terms were notBloomberg - 310 words
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384 1999-05-11 16 KPMG considers legal moves against some partners FT [LONDON] PricewaterhouseCooopers (PwC), the professional services firm, was expected to announce yesterday that it had poached the management consulting practice of KPMG in Belgium. This is a further sign of volatility among the "Big Five"FT - 384 words
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362 1999-05-11 16 Bloomberg [AMSTERDAM] Financial firms ING Groep NV, Fortis and ASR Verzekeringsgroep NV accepted an offer by ABP and PGGM, the Netherlands' biggest pension funds, to pay 72.50 guilders for Nationale Investeringsbank NV, valuing the investment bank at US$2.2 billion (553.7 billion). ING,Bloomberg - 362 words
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SMALL Change
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104 1999-05-11 16 Reuters [WELLINGTON] Just one hurdle remains to the NZ$l billion (S$96Q million) plan by Australasian funds management and insurance company Tower Corporation to demutualise and list on the New Zealand and Australian stock exchanges, managing director James Boonzaier said yesterday. Earlier, a special meetingReuters - 104 words
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87 1999-05-11 16 Bloomberg [SEOUL] Metropolitan Life Insurance Co erf the US has abandoned efforts to buy Korea Life Insurance Co, leaving Axa SA of France and Korea's LG Group as the likeliest candidates to take over the company, government officials said yesterday. Axa (Europe's largestBloomberg - 87 words
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90 1999-05-11 16 [HONGKONG] Hongkong property company New World Development launched a US$3OO million (Ssslo million) convertible bond yesterday, sources said The five-year bond carries a coupon 0f2.75-3.25 per cent and a conversion premium of 12-18 per cent, they said. New World stock was suspended from trading yesterday90 words
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Article77 1999-05-11 16 Bridge News Bloomberg [LONDON] Prudential Corp pic, the UK's biggest insurer, said yesterday that group chief executive officer Peter Davis will become chairman in May 2000 when current chairman Martin Jacomb retires. The company also said f Jonathan Bloomer, who has been group finance director sinceBridge News; Bloomberg - 77 words
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117 1999-05-11 17 Christopher A Podbury, Jardine Fleming - Reports MS& Singapore Index Christopher A Podbury, Jardine Fleming THE SiMSCI futures contract continued to edge lower in trading yesterday, along with the underlying cash market, on concerns that banks may be about to raise domestic interest rates. The front May SiMSCI117 words
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198 1999-05-11 17 Charlie Kuo Refco Singapore - MSG! Taiwan Allures Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures finished higher yesterday as stronger April sales posted by financial issues offset concern about heavy selling by foreigners in Taiwan computer chip shares last Friday. The May '99 contract198 words
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360 1999-05-11 17 ENERGY REPORT Bloomberg [PARIS] A global oil glut is being eroded as Opec countries fulfil their promised production cuts, and demand increases, the International Energy Agency said. The lEA raised its estimate for 1999 global oil demandBloomberg - 360 words
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Article312 1999-05-11 17 Reuters, Bloomberg THE euro jumped over half a cent against the dollar in Europe yesterday after the Yugoslav news agency Tanjug said the country's army had ordered some of its forces to start withdrawing from Kosovo. The euro jumped above US$l.OB to its highest since mid-April as dealersReuters,; Bloomberg - 312 words
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Article, Illustration1193 1999-05-11 17 WTHRBAMK CROSS RATES May 10 kj C$ Umb Pro Ffr Pi HK$ tad to H$Uk Van Wow tti *Z$ Eafc R» Nw 5$ taBd Sfr *T$ i*t W| -I Antral 0.976 6.178 0.623 4.090 1219 5.188 28.600 ***** 0.809 8.040 2344 L197 ***** 25.196 1138 4.111 1.002 ***** ***** 0.4121,193 words
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Article1633 1999-05-11 17 8IC0M FUTURES May 10 NNO (fatww dost* tsatMOpa) KSSicotrmcrncMbAo OON MM opw Mutt WNfc Uw Stl (tdUl) htKllt Jib 99 101.50 100 SO J* 99 **50 T75 Aag 99 106.25 100 375 S*p 99 109.25 275 Od/Dac 99 0150 fttso 112.75 150 1050 Jw/MvOO tftJSO IBS 3 CONTRACT mtnKVW) Opto1,633 words
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Article, Illustration1367 1999-05-11 18 AFP 71 Hang Seng +166.77 HONGKONG share prices rose 1.3 per cent yesterday, boosted by an announcement by HSBC Holdings pic that it was acquiring a US bank and its European affiliate for a total of US$lO.3 billion (5517.5 billion), dealers said. Hongkong-listed HSBC said it was acquiring USAFP - 1,367 words
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Article, Illustration589 1999-05-11 18 Reuters Q Shenzhen Binder -4J5 SHARE prices in Shenzhen plunged yesterday in panic selling kindled by fears of souring Sino-US economic ties as the result of Nato's bombing of the Chinese embassy in Belgrade, brokers said. The hard currency B share index dived 4.15 points, or 7.25 per cent,Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 589 words
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Article344 1999-05-11 18 AFP P| WP Index +15UH TAIWAN share prices closed 0.2 per cent higher yesterday on buying support for stocks of raw-material companies, dealers said. "Shares of steel and paper companies remained strong because the market can't seem to find support elsewhere in the short term," said Cooper Liao, managerAFP - 344 words
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Article2201 1999-05-11 18 UMDM v. »ffjjf. > < M«trMs MayM Nam *h 31 Croup 6.95 -0.07 AbtMy National 13.40 -0.29 A B Foods 4.67 -0.19 A B Ports 2.80 -0.01 Alliance Leicester 8.86 0.04 Alltel Domecq 5.39 -0.02 ANMd Zurich 7.75 0.04 Anglo American GoM 40 20 -0.60 ASOA Croup2,201 words
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Article1602 1999-05-11 18 AFP H Nikkei 225 *30.41 TOKYO'S key stock index edged up 0.2 per cent yesterday, following a surge on Wall Street towards the weekend, but its topside was heavy due to caution over corporate earnings, brokers said. "The market opened at the day's high on the rally in NewAFP - 1,602 words
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KUALA LUMPUR STOCK MARKET
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Article8682 1999-05-11 19 MOUSTMALS CoASMMf pniwti w Last Vol Day Net Cap H»8> Low Csmpany I* -OOQ HWl Lew P/t tm* 330 255 Ajinomoto 310 17.1 125.6 85 46 Angkase 75 unch 34 77 75 110.6 283 220 Apollo Food Hlg 280 10 8 280 270 9.7 112.0 204 115 Berjaya Land 1588,682 words
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Article, Illustration419 1999-05-11 19 AFP AFX-Asia V% Composite Index +14J5 MALAYSIAN share prices closed 2 per cent higher yesterday on local and foreign buying support as sentiment remained buoyant, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 14.15 points to finish at 705.83, but off anAFP; AFX-Asia - 419 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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Article2188 1999-05-11 20 BONDS. LOANS IVAMANTS m 32-Wk Lest Vol Oey Last Ouot A v« High Ln Stno Company Sat* *or- COOO) High Low Buyer SeUaf Price 25 3 i 31*0 "Acer ******1USS 21.5 231 23 21 2t5 22 35.5 4.5 s 3164 Acma ******4 30.5 -1 509 32 30 29.5 30.5 312,188 words
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193 1999-05-11 20 R Sivanithy - WARRANT WATCH -By R Sivanithy TOMORROW, Freight Links Express Holdings will put to a vote a controversial extension of the lifespan of its 1999 warrant by two additional years. The warrant will expire on May 28 unless the motion is passed. Normally, this193 words
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Article205 1999-05-11 20 HONOKONO STOCKS Or 6r 52-Wk Last Vol Day Lot Ouot* OK OK YM Nat M C« Ht» Law Stwa Comaany 5a* fOOO) Law 8»yac *—f CMr >/t SW 345 173 5123 CDU*****MK 280 id 2*2-5 325 8 3.7 2.9 95 ***** 5124 Cathay Pac 20e HK_720 265 2.1205 words
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Article, Illustration653 1999-05-11 20 AFP Q Composite Index -0.76 INDONESIAN share prices closed slightly lower yesterday with a rally in select blue chips limiting broader market declines amid profit-tak-ing, dealers said. A dealer at a major local brokerage said sentiment was still firm but "the market needs some time to consolidate". The dealerAFP - 653 words
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Article, Illustration902 1999-05-11 20 AFP SET Index *2M THAI shares finished up 0.4 per cent yesterday after a day of testing the psychological 500-point mark. Dealers said the market had not yet settled into a new range following steep rises last week as hopes rose of an imminent economic recovery. "The market isAFP - 902 words
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Article318 1999-05-11 20 AFP F1 Manila +38.07 PHILIPPINE share prices rose 1.5 per cent yesterday on strong participation by foreign fund managers spurred by a succession of interest rate cuts. The Philippine Stock Exchange Composite Index gained 38.07 points to 2,564.83. A total of 2.3 billion shares worth 4.6 billion pesos changedAFP - 318 words
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Article389 1999-05-11 20 AFP P Composite Infai +3J2 SOUTH Korean share prices closed 0.4 per cent higher yesterday in mixed trading, dealers said. They said the index dipped briefly below the 800point level in early trade on profit-taking and higher money market rates before steady foreign buying emerged to lift the market.AFP - 389 words
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Article651 1999-05-11 20 AFP QAD Ordinaries +9.00 AUSTRALIAN shares closed up 0.3 per cent yesterday as a resurgent industrial sector made up for a correction in gold and other resource stocks, brokers said. The All Ordinaries Index closed up nine points at 2,996.70. The All Industrials Index closed up 55.3 points atAFP - 651 words
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Article281 1999-05-11 20 AFP □Wellington -0.42 NEW Zealand's stock market closed static yesterday ahead of today's Contact Energy float, but trading was active in leading stocks. The NZSE-40 Capital Index ended 0.42 point down at 2,226.65 with turnover worth a solid NZ$l5O million. AFP a*® u* nw *3vanta«aMDS 160 -0.01 133 AirAFP - 281 words
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6997 1999-05-11 21 ■2-wk Cr M Wt HIM Last VI Day L—t Ot»U OW D4v YM Net Cae Avg StNo Company S1« COOQ) MH> Law a UY» f Setler H C'w P/t Smk Price HUITHHOUSTRY 1 fl '7-5 m b 1000 Acma 50c 118 cd -1 9966,997 words
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Article1372 1999-05-11 21 Or Of M Wt 52*Wk Last VaI Day Last Ouot* Ot* Otv YM Nat Cat Avq High Law StMa Caasgagy Sala COOP) High La» >«yar lil«f Cw P/I >«»»« Prtca MANUFACTURING MHSigPHOTfinMHHMMMBHHffiH 149 30 c 2049 •ASAutOtOc 118 -1 1919 125 117 (17 118 15 N 7 13 11.11,372 words
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STOCK EXCHANGE OF SINGAPORE
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Article369 1999-05-11 22 Stacks Volume Allgreen 50c 34,356,000 Asia Foodt Prop 27,734,000 Uraco HldgslOc 15,745,000 Lk>nAslapac25c 15,528,000 IPCO W02 13,879,000 IPCO $1.70 12,619,000 Hotel Prop 11,901,000 Teamsphere 5c 10,715,000 Roly IntUSIOc 10,553,000 Hotung Inv HT5 10,466,000 Wwh Allgreen 50c 60,007,365 KeppelCorp 34,312,760 City Dev 50c 31,575,869 OCBC Foreign 31,573,361 SPH 28,098,302 DBS Land369 words
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Article, Illustration653 1999-05-11 22 R Sivanithy - STOCK MARKET COMMENTARY But counters such as Pacific Century and some US$ stocks trade higher in big volumes By R Sivanithy TRADERS headed for the sidelines yesterday in a nervous session where there was no really bad news in the market to653 words
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ON THE GRAPEVINE
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Article95 1999-05-11 22 RECENTLY in this column, we shed light on how the Star Hub name came about. We can now disclose another of the many closely-guarded secrets that Singapore's latest fixed-line phone licensee is storing up for the big day when it is ready to unveil all that needs95 words
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105 1999-05-11 22 PAUL Giles, managing partner of Norton Rose, the English law firm, said it would be interested in forming a joint venture with a Singapore law firm if impending rules to liberalise the legal market are "workable". He was responding to a BT report that105 words
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Article134 1999-05-11 22 LIFE can be tough when you go overseas to take up an assignment Take Alex Au, the chief executive of OCBC Bank, who moved from Hongkong to Singapore last year. In an interview with the South China Morning Post yesterday, the former vice-chairman of Hang Seng134 words
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Article128 1999-05-11 22 THE Jack Chia saga Just refuses to end with the Chia family's lawyers last week asking for a fortnight's adjournment of a hearing they requested for the appointment of a judicial manager for half a dozen of the family's companies. Lawyer George Lim asked for the128 words
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Article, Illustration63 1999-05-11 22 Wong Wei Kong - -By Wong Wei Kong PACIFIC Century Regional Developments shares rose 60 cents to $4 yesterday with 2.24 million shares traded, compared with its 10-day traded average of 1.4 million units. The technical indicators, such as the RSI and Stochastics, are mixed, and with the stock having had a63 words
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Advertisement52 1999-05-11 13 No. 1 best telling club in Japan. r |ggs**3£i» ..1:-1 tft,n 9 Win ver fa The Sam* AO 0 <»fc£ <-v/> v NEW FAIRWAY WOODS. THE PERFECT COMPLEMENT TO THE LEGENDARY S-YARD DRIVER. v jw-*s**r*> v w,no 1 1 1 'J-**&&> -ST.jM Ml j-jzz** j&£*s3m Mk iii, —JH |M Flex52 words
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Advertisement13 1999-05-11 14 4 TH E FULL USE OF TODAY v THE BEST PREPARATION for TOMORROW13 words
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Advertisement244 1999-05-11 15 THE OF SINGAPORE OFFERING I AMOUNT OFFERED SGD9<X)MIO IS I ISSUE CODE N*****1T I I ISSUE DATE 20 MAY 1999 I"; I MATURITY DATE 15 MAY 2004 I I INTEREST RATE TO BE DETERMINED BASED ON THE Ik H AVERAGE YIELD OF SUCCESSFUL I PRICE TO BE DETERMINED AT THE244 words
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Advertisement176 1999-05-11 16 BferopAYfl pUanlie Zaohao I 1 Rutgers' Executive MBA A Twenty-First-Century Model of Graduate Management Education An Invitation to Seminars pr Prof.Allan Roth, (JD, Harvard), Dir of lnt*l Programs, Rutgers •aSflffllP Ellen Cangi, PhD, Dean, Center for American Education Date: 15 May 1999 Sat Time: 2.30pm Room: 02-05 Ellari Cangi, PhD,176 words
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Advertisement28 1999-05-11 16 f DM#'* yon knew? I riad it in A Gats' Mewsf Citik Citt' *m i« Unit y Clattifiri tkii i f&f CATS. Buy h. Sd H. Find h.28 words
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Advertisement25 1999-05-11 18 i ßUyilttl 0T SeffilM ttlTOUfif) The Straits Times Classified is child's play. \i— Tv _s^Wi— Call CAT.S. at 1800-737-1166. Buy h Scfl k. Fkid It25 words
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Advertisement32 1999-05-11 19 Classified First. Want a home with a sea view? Or simply seeking a new nest? Make the right move: "Tiilii Check The Straits Times Classified First. Buy h Sd It. Find It32 words
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Advertisement11 1999-05-11 20 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes lIRtAP 01111 words
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Page 21 Advertisements
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Advertisement78 1999-05-11 21 calling about^ S,< tolcl\ we re^ S a the computer I you tKis was a j I making for Susan j I advertised in I/T deal. Yup, we got what V is going to be J The Straits Times J f s I we because re al nice! jjr ZA78 words
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Advertisement2116 1999-05-11 22 Is your portfolio lagging the hot bull market? You need DBS investor Online! Get the Best. Call 438-1188 today. 88 DBS BANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 J IN THE MATTER OF THE COMPANIES ACT (CAP. 60) AND IN THE MATTER OF NISSHO MARINE2,116 words
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Advertisement21 1999-05-11 22 Lost itour PPt? Try finding it at Classification 821 (Found) of The Straits Times Classified. CATS. Buy k. Sdlt Rnd It21 words
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SHIPPING TIMES
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Article300 1999-05-11 23 Bridge News, Reuters TANKER* Rates were showing very little change in most areas of the tanker market. Relatively healthy rates were reported for the big ships from the Persian Gulf and for Aframaxes in the Mediterranean, while Suezmax levels remained depressed with so little activity. ♦Ssangyong booked theBridge News,; Reuters - 300 words
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Article248 1999-05-11 23 CWT attribution—0.86 0.01 SI ClMM Hup _____-0.97 -0.01 764 Coico Mi»«UiTfOt 0.96 -OOI 200 FraMlt Unki 0-28 0.01 5157 GBnoMngt 0.61 -0.01 1*4 HM Sun Hup 0.71 "0.01 779 HtCHafcSnqs-M —5.60 unch 0 Jw HaMn* 0.84 -0.03 476 Jurong Shipyard 6.95 -OAS 322 KapprfCorp U4 "0-26 7223 Mppa>fTEL».248 words
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Article, Illustration428 1999-05-11 23 Marcus Hand - But serious challenges lie ahead, says head of HK-based company By\ Marcus Hand [SINGAPORE] Hongkongbased Orient Overseas Container Line (OOCL) expects to see a "notable improvement" in business in 1999 over last year, but it still sees "serious challenges" lying ahead. "WeFILE PHOTO - 428 words
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296 1999-05-11 23 Move to stimulate competition by breaking np monopoly [BEIJING] The China State Shipbuilding Corp (CSSC), the country's largest shipbuilding company, is being restructured into two large corporate groups, said China Daily Business Weekly. One group will be known as the China Shipbuilding296 words
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226 1999-05-11 23 Felix Chan - By] Felix Chan [SINGAPORE] South Korea's Hanjin Heavy Industries won a US$l6O million (***** million) contract to build eight containerships for Germany's Reederei B Rickmers GmbH Cie. The yard said four of the 1,200 TEU (20-ft equivalent units) containerships were firm orders with226 words
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335 1999-05-11 23 P T Bangsberg - From P T Bangsberg in Manila VIETNAM will go ahead with a deepwater port in the central province of Thua Thien Hue, a project backed by a US investment team. Officials said Prime Minister Phan Van Khai directed the Ministry of Communications and Transport335 words
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261 1999-05-11 23 [SINGAPORE] A vessel was boarded by pirates twice in successive days in the latest incident against merchant shipping in Indonesian waters. f On the first occasion, personal effects and almost US$lO,OOO (S$17,000) in cash were stolen. The following day, a second attack was repulsed with261 words
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Article, Illustration959 1999-05-11 24 Felix Chan - APL'S INFORMATION STRATEGY Aim is to build dedicated information highway linking customs brokerages, shipping lines and intermodal services By\ Felix Chan HANK Moreira's job description reads master-infor-mation strategy", conjuring images of tech-no-savvy mil--1 i on a i re s hunched over expensive machines in Silicon Valley.Source: AFPL - 959 words
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Article195 1999-05-11 24 PACE ECl 5 ACL 6 twfqreen 6 ANL 3 FoongSun 8 tt Accord 8 GL nk 4 Appenstwp 5 Gemartrans 6 Austral 8 Harxjli 7 Balaji Shpg 4 Hanjin 3 BSA 7 Heung-A 4 B'tang Mas 8 Hyundai 7 CCMI 7 ICFS 3 CMA 8 Interasta 7195 words
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Article18461 1999-05-11 31 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyaqe Telephone ETA ETA Advertiser Vessel Voyaqe Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 29/05 09/06 ANL AUSTRALIA ENTERPRI 25S 65-*****55 To ABIDJAN (ABJ) 2003 Cote D'I voire 29/05 wot o,t iioyd aust enterprise as 65-*****5718,461 words
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SHIPS IN PORT
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Article693 1999-05-11 35 Vessel Voy No Berth Arrival Departure BtAfrizal (toy/ Juu -I JOl Alongside 10 05/2359 Bt Bonemdali *****9 J01 alongside 10 05/2000 Bt Denc«ta2 *****9 J01 alongside 12.05/2359 Bt Must! U *****9 JOl alongside 10.05/2300 Bt Sejatl *****9 JOl alongside tl.05/0300 c Victory 09A/99 J03 alongside 10.05/1500 Grasterg 9918*693 words
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Article1877 1999-05-11 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From Actomr 689 12/1200 n/1500 «/»S9 10/1900 it nmoo n/noo u K)fl700 n/o*M n/ow 21 10/1700 n/06M n/0900 3 n/0700 n/1159 ii/moo 4 n/1200 1VM59 11/1700 AKmuvt 2 *459* 12/1500 IA1,877 words
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Article186 1999-05-11 35 May 13 Indonesia: Ascension Day. Germany: Ascension Day. France: Ascension Day. Austria: Ascension Day. Belgium: Ascension Day. Denmark: Ascension Day. Finland: Ascension Day. Switzerland: Ascension Day May 24 Germany: Whit Monday. France: Whit Monday. Austria: Whit Monday. Belgium: Whit Monday. Canada: Victoria Day. Denmark: Whit Monday. May 20186 words
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Article802 1999-05-11 35 THIS report, complied by Cockett Ma rlne Oil Ltd. shows price ranges In US dollars Instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem. Market movements are indi cated. The Cockett Bunker Price Index change802 words
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Article408 1999-05-11 35 Carton 180 Mix 990.0 0.9 19.8 0.09 75 0.09 May 6 Density Wit" Residue Ash Aluminium Sediment No above £25 0 0 8 0 0 0 380 Ave 9877 0.4 U.S 0.07 36 0.02 380 Max 991.7 18 19.5 0.09 58 0.04 Mgg v/v M/M M/M408 words
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AIR & LAND TRANSPORT NEWS
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Article, Illustration395 1999-05-11 36 New Wings alliance to rival the other major global groups, oneworld and Star Bloomberg [AMSTERDAM] Alitalia SpA joined the partnership between KLM Royal Dutch Airlines NV and Northwest Airlines Corp, allowing the alliance to increase the number of transatlantic flights. The three carriers,Bloomberg; FILE PHOTO - 395 words
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372 1999-05-11 36 Bloomberg [WASHINGTON] The Federal Aviation Administration said it fixed air traffic control system glitches in Chicago and New York that delayed hundreds of flights last week. A computer outage on Friday at an air traffic centre on Long Island that handlesBloomberg - 372 words
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221 1999-05-11 36 Bloomberg [LONDON] British Airways, Europe's largest airline, unveiled yesterday its £250 million (***** million) cargo facility at Heathrow Airport, part of a plan to expand its freight and parcel hauling business. BA's World Cargo Centre will have capacity to handle 800,000 tonsBloomberg - 221 words
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259 1999-05-11 36 M'si&n airline denies report of such an incident and 10 other similar incidents AFX-Asia [KUALA LUMPUR] Malaysian Airline System Bhd said it did not fly over central London two weeks ago with near empty fuel tanks, New StraitsAFX-Asia - 259 words
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187 1999-05-11 36 Dow Jones/Nikkei [TOKYO] The Transport Ministry and the New Tokyo International Airport Authority said yesterday that they have abandoned their goal of building a second runway at New Tokyo International Airport at Narita by the end of fiscal 2000. Construction of the 2,500metre runway hasDow Jones/Nikkei - 187 words
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343 1999-05-11 36 Bloomberg [TOULOUSE, France] Europe's Airbus Industrie group, the world's No 2 commercial jet maker, dismissed a report that it is holding talks on forming an alliance with Lockheed Martin Corp of the US. The Seattle Times, citing unidentified industry officials, reported yesterdayBloomberg - 343 words
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Article1489 1999-05-11 36 an fuwT n* FUOHT ETC S***** 2359 AMat* B*7381 1930 0*7302 2055 Ffafca SOW 1710 S0990 0W5 0T01 1930 0F02 2055 taaafZfeMPK $0603 1905 C2354 0910 **8229 2230 COS 2045 SOW W20 M«Ml VK741 1310 ¥*740 1410 2238 <W4» wa tastirtai K1043 0435 6*972 0010 u-a1,489 words
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Page 23 Advertisements
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Advertisement18 1999-05-11 23 APL creating a one-stop information shop Information highway will link customs brokerages, carriers and intermodal services. Page 218 words
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Advertisement392 1999-05-11 23 p uvrwag EARL Courses East Asia Response (EARL) will be holding the following training courses in June. June 7-9: Oil Spill Response Management Singapore. June 21-25: Oil Spill Response Clearance Port Dickson. Jayne Austin-Price June 28*30: Oil Spill Response Management Port Dickson. FedEx has appointed Fo r information, call tel:392 words
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Advertisement69 1999-05-11 23 Alitalia ties up with ELM, Northwest New Wings alliance to rival the other major global groups, oneworld and Star. Back Page Ib n n I T ojt £H*SL Qfe it -*-i Hi I -iti Any Destination, Any Time. Sailing schedules to the Americas more. 2 4 hours a day in69 words
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Advertisement728 1999-05-11 24 r~tMPOaT I I NORTH AMERidA I I QULF/INDIAN SUB-CONTINENT 1 [SUPER SHUTTLE EXPRESS [QULf KARACHI EXPRESS (QKX) 1 VtSSH. VOYAGI IGO SIN VBSfl VOY HA MM lAN OND KAR |CM PKG SM OOCI CKHNA "wsi! 05/05 23/0$ IwVMGO Ml 20/04 30/04 30/04 02/05 07/05 11/0$ 15/05 14/05 OOa MITAIN 24W519728 words
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Advertisement815 1999-05-11 24 Lines services represented JHMA ff Members ot the (-Wo®c) by Members Q'the Registry of £*i g Singapore Freight Forwarders Accredited Shipping Agents Association Singapore Shipping Association SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES Jj|. r—-da. SINGAPORE to BATAM, BINTAN, KARIMUN z SINGAPORE to BANGKA ISLAND A SINGAPORE to CILEGON HFm815 words
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Advertisement1186 1999-05-11 25 SAX SERVICE (DIRECT) Ivcsa VOY SKETA I UU OAK DAi HOU OO COE MIM Aft __jjTC APIJACE out 12/05 27/05 01/06 01/06 01/06 01/06 02/06 02/06 03/06 03/0* AfIGAWBT Ollt 19/05 03/06 01/06 0»/06 00/06 00/06 09/06 09/06 10/06 10/06_ AfISWNB Ollt 26/05 10/06 15/06 15/06 15/06 15/06 16/06 16/061,186 words
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Advertisement2310 1999-05-11 25 <H) HANJIN SHIPPING iik PI 4w iMsMyflw -S*i *****30 HAJUIW SHIfPWG (S) PTE LTD lop bw* aw KOOWMG *****35 237 SALES *****7* 731 POCUMm *****71 274 OfHAIIOIIS *****50 7SI IMB UKt *****tt W 277W40 01 WO II **********1 TO NW USA A CANADA USA CANADA* ratvu/voY ,1 IW ISM umihaui/vot2,310 words
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Advertisement1522 1999-05-11 26 DSR-SENATOR UNES TO UK/CONTINENT TO MEDrniRRANEAN/CANAPA «ssa VOY LfH B1 IW IW MV HI VtSKI W GIT If! TO VIC IfTW PUGWASH SENATOR WM22 18 OS 27 H 29 K 30 06 31 B 31 OS B2 06 CHOYAMG CHAUCt *«M 22 13 H 3>« BIM O H 05 M1,522 words
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Advertisement871 1999-05-11 26 m. AM MAU-NcLo S'PUKE M'SIA Carrier: MN CONTR LINES, INC p. gudang: (ot) *****26 «|\-/v* J on NO; IXOW7SOOOOC SJBU: (084) *****9 MAMLA- (632) *****24 V W PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELAHG: (03) *****77 JKT (21) *****07 MON: (61) *****3 KUQ9NQ (062)*****1-3 CALCUTTA MADRAS871 words
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Advertisement513 1999-05-11 26 LINE r SS t TIL* *****56 FAX) ***** IS MUARA r LABUAN vßsa vot no ru VKsa vor cm ra SPORE MUAtA SPOKE LM j pwspb vioe/w 12/0515/05 j prosper vm/w 1 j/m u/» OUtMA *332 VIIE/94 17/05 JO/05 CAAAKAJN33? VIIE/W 17/05 11/05 IPROSPER VIII/ 19 22/05 25/05 J PROSPER513 words
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Advertisement1476 1999-05-11 27 I vessel vov khh hko sin I pkg I pqb pxb PMM Iba bik I IRAN TAKHTI PJLI346 07/06 10/06 11/05 20/06 21/06 22/06 24/06 26/06 IRAN TABATABAEI PCL-6103 12/05 14/05 18/05 19/05 28/05 29/06 30/05 01/06 03/06 IRAN LORESTAN PCL-5102 19/05 21/05 25/05 26/05 04/06 05/06 06/06 08/06 10/061,476 words
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Advertisement1933 1999-05-11 27 IjftnH (VU HfcwQ 1 SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY Til; 226 1900 FAX: *****04 OUTWARD (1 A) COSTAR SHIPPING PTE LTD #17-o«dk ildg sales/ikgs 420SSS7/60 inward dipt (D/o) *****85 COSTAft AGENCIES (M) SDN BHD CR NO: *****W0000M TOWER TWO (0686OT) CONVENTIONAL 420SSS0/S5 T/SHPMT KPT *****25 TEL 02-07-35 3ll4*jAEo?j)7-3SMW KI1,933 words
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Advertisement1490 1999-05-11 28 EUROPtAJK/SCAHDINAVIA/FINLAMD/BUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E DEVELOP RW-006 15/05 03/06 09/06 05/06 07/06 06/06 09/06 E RE WAR ORE 033 22/04 24/04 23*4 25,04 27/04 15/06 I»*s E DECENT RW-009 22/05 10/06 16/06 12*6 14/06 15/06 16/06 E REFINE RE-0201,490 words
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Advertisement1039 1999-05-11 28 ADVANCE CONTAINER LINES (PTE) LTD API TEL: *****21, FAX *****19, TELEX :RS ***** ACLPL r>Wl FO« BOOKINGS PIIASC CALL: *****22 SALES A MARKETING *****21-28 OPERATIONS: *****80 *****06 CR NO **********06 BAHttKOK Tl.iM-ijw.rt JAKARTA. (7 V«« I M« vtssa I vor I act KOIA RAIMA jRAI/LCH) BNAIIS 11/5 Tuc 14/3 Fri1,039 words
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Advertisement577 1999-05-11 28 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vtssa VOT SIM HU PUI JW CPT to tUJfIAI OtASOW MI3S 01/05 17/H5 11/05 74/05 75/05 mmivßws VQ34S 73/05 liflT 04/ M "07/oT oi/k "ii/jT Gomel MA6O4 *0175 31/05 09/04 13/Ot lt/to 17/D4 mn*IQUEN T0355 10/04 1»/D4 77/04 75/04 77/04 79/04577 words
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Advertisement469 1999-05-11 29 i BSA it l VsWT9 l 9nifHfl^^^P r wa MYANMA wBBk FIVE STAR LINE (Myanmor National Lia«) 1 Loading for Yang on (Rangooi) Vissa VOY SIN PKI PEN PGU ■AGO VIO9W SLD PMYA 163W SU MALAYSIA AGENTS; BOOS HAD SHIPPING AGENCIES KUL HI (03)*****00 PKL TIL (03)*****01 PEN: .m (04)*****02469 words
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Advertisement1265 1999-05-11 29 HMk HYUN^^AERCHANIJMAJIINECOj^tfD^^^^^^ I VESSa VOY|Sm|sQU| lfl« I KTMI I ANT HAM MV Fa I VESSa VOT SOU 1 IB! I RTM I ANT HAM I MY I Fa I SM NOLAMAZOMTI 022W 13/05 31/05 05/06 02/06 03/06 HY DOW 3171 D I T D 0 (lIN G 12/05 LA LOME1,265 words
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Advertisement864 1999-05-11 29 V spedofcad outoromen CSS®® TO NORTH AND LATIN AMERICA "RORO HEAVYUFT SERVICE* jVISSfI VOT RAMP HEIGHT SIN LAX CRL Ml* UV IAI r»f urr mw m~| TAPKXA F9lO 400 Tan 6.3* 1W 10/06 WO6 2276T 2470T 26/06 127/O6 ~*****~ 0376T O*76T" TAMPA F9ll 400 Tom 6.3 M 21/05 25/06 04/07864 words
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Advertisement852 1999-05-11 30 BANGKOK/ MAP TA PHUT/ LAEM CHABANQ J A K ART A/PA W J AMP VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN NANTABHUM" 445 M 12/05 15/05 16/05 ANRO GOWA' 061 In Pt 15/05 YANTRA BHUM 290N 13/05 18/05 15/05 GURU BHUM 128S 12/05 18/05 KOTA HARTA852 words
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Advertisement421 1999-05-11 30 -mm INDONESIA NATIONAL LINE TO AUSTRALIA "T~ FULL COtfPMWjER SERVICE va Ivor! m aT'l I stb 1» Iw* m ■Mm n/is »«/ts H/as a/os n/»s Mian its w/Ba/oi »/os »</»* 47/0* io/» u/» WTBUHWBi m 77/mw/« w/Jn/ot|u/itl h»/»*| I mwarr lie |03/o*os/otli3/tI |u/o*|7i/44|M/**fr7/o*| FEEDER SERVICE TO INDONESIA va vot snu421 words
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Advertisement763 1999-05-11 30 VESSELS VOY ST" PKL JED MLA LB4 RTM HAM ZEE SOT VMJLEDEVWOO S3IW 16*06 19X06 27*06 02/06 07/06 08*06 11/06 12*06 13*06 VM-LE OE VELA N3IW 26*06 27*06 06*06 09*06 15*06 16/06 17/06 19X06 2tVO6 VK-LE DE SHANGHAI H3IW 01/06 02*06 1(V06 15X06 21*06 22A36 23*06 2&Q6 26*06 VLLE DORION763 words
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Advertisement59 1999-05-11 31 iWSCO CWT GLOBEUNK SHIPPING LINE I VlkWWkklll ,x INTRODUCES LIBYA BENGHAZI WEEKLYDIRECT GROUPAGE TRIPOLI T0 SOUTH AMERICAN PORTS See Our Ad On PG 12 OCENUS SHIPPING AGENCY PTE LTD (EVERY TUES) NEW PACIFIC LINE Our Schedules Are NEW SERVICE On PG 5 FROM ASIA TO PACIFIC SWIRE SHIPPING HI EOT59 words
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Advertisement47 1999-05-11 33 ST«ft Dial 740-6000 on demand! —(Retrieve more schedules!) Press *1" Select the port and key in STBEI the four digit code eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovativt service offered by CTC® The document Will be Shipping times47 words
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Page 35 Miscellaneous
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Miscellaneous125 1999-05-11 35 WULEGEND: R Thunderstorm T.mp«ratur. c A\. A Shower Weather Wind direction with speed m knots Rain Cloudy Sky Wave height Surface winds ore indicated by arrows which fly with the wind 0 OneM cir le represents calm or light and variable wmds One hotf fleche represents 5 knots I I—»■125 words
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Advertisement93 1999-05-11 36 Th Au tra,,an Logistics Academy Diploma in LOGISTICS Leading to recognised Australian University Degree Advanced standing for working experience higher qualifications Visit our webiste at www.aust.logistics.com.au Intake commencing 17-5-99 SHARON Contact ALA-Procter Services Tel: 227 7752 Fax: 372 0485 SINESSCENTRE Your 24-hour instant info access centre to shipping services and93 words
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Advertisement97 1999-05-11 36 American Air orders 8737s [SEATTLE] The Boeing Company confirmed an American Airlines order for three additional Next-Generation 737-800s. The airplanes are scheduled to be delivered in 2000, and are in addition to previous orders for 100 Next-Generation 737s by American. American Airlines is scheduled to receive 24 8737-800s this year97 words
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