The Business Times, 20 August 1999
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1999-08-20
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The Business Times
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Title Section14 1999-08-20 1 THE BUSINESS TIMES MITA (P) 046/12/98 85f SINGAPORE Internet: http://business-times.asial.com.sg/ FRIDAY, AUGUST 20, 199914 words
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Article62 1999-08-20 1 ■ani U mn (+BU4) Dt£»(+9.3l) flanwapoTOTEs U ***** (+1.60) CIXAKKET HOODS mm Mixed STOCK ■ABXETDTOKBS Thursday Change KLSECOMP 7S&44 1M NIKKEI 17,***** -1162 HAN68ENO +418.49 SET INDEX 418 J +&14 JAKARTA OOMP _J81.7§ ilUI MANILA COMP —2.1MJ9 +R11 TAIFH WPI 7JW4.67 AM 8EOULCOMP 87L18 +U4 CL8A CHINA B62 words
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Article74 1999-08-20 1 F08EX SATES USI St USS 1.(576 £(US*/St per LM1 UBS EURCHUSI/SS per E) 1.011 LMS DM LBN AMI YEN 111.7 UN* KM UN 9.441 HKt 7.7*4 Ml< BAST 3&30 9.044 RUPMH 7JM UN* 'StHMimMs *att»mwuu PUKE RATES SINGAPORE* 5.80 KUALA LUMPUR 7* JAKAH* 40.00 BANGKOK 10.00 MANILA 11.00 BONO74 words
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Article, Illustration873 1999-08-20 1 Larry Wee - Surge could invite intervention as Tokyo moves to protect exports By Larry Wee [SINGAPORE] The Japanese yen, already rocketing against the US dollar in Asian trade, received a turbocharged boost late last night from weak US trade data. Just after the trade dataSource: Reuters - 873 words
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491 1999-08-20 1 This reflects US strength compared to weakness in Europe and Asia, say analysts Reuters [WASHINGTON] The US trade deficit ballooned to a record U5524.62 billion (5541.2 billion) in June as imports from major trading partners Western Europe and Mexico soared to all-timeReuters - 491 words
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Article, Illustration435 1999-08-20 1 Quak Hiang Whai - Key officials punished for conflict of interest and misusing staff From Quak Hiang Whai in Hongkong THE Hongkong government yesterday sacked the inland revenue chief and ordered the master of buildings to reimburse it for misusing public servants for a private matter.435 words
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Page 1 Advertisements
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Advertisement279 1999-08-20 1 HI SIDE Baik M|v Industrial Bank of Japan, Fuji Bank and Dai-Ichi Kangyo Bank appear close to agreeing on an alliance which could lead to the credtion of the world's biggest bank with assets estimated at around US$l.3 trillion, Pg l 2 Ovnetki As a result of an editing error,279 words
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Advertisement28 1999-08-20 1 What if the Fed keeps tightening Pg 10 Is there room for private pension funds? EM 14 HHHnJHJF"" The new arts sponsorship by small and medium-size enterprises ELI28 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration566 1999-08-20 2 Jennifer Lien - It's also preparing to move its regional Net hub; co-investment with S'pore possible Hy, Jennifer Lien DELL Computer is in discussions with the Economic Development Board to set up its Asia-Pacific headquarters in Singapore and move the hub ofFILE PHOTO - 566 words
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175 1999-08-20 2 THE government has set up a helpdesk to provide businesses a "one-stop shop" that provides timely information and assistance on its elec-tronic-commerce policies. The National Computer Board (NCB) is leading the effort, which is formally called the E-Commerce Business Policy Helpdesk. NCB chief executive175 words
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325 1999-08-20 2 Carol Eng - Byi Carol Eng FX) REIGN buyers are back in the Singapore property market after vanishing during the crisis, said Jones Lang LaSalle (JLL) at a property seminar yesterday. "The property market recovery started at the lower end of the market and has already filtered325 words
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Article, Illustration306 1999-08-20 2 Marissa Chew - BYE ON THE ECONOMY Commerce By\ Marissa Chew RETAIL sales volume surged 22 per cent in June, the largest jump since it went back into positive territory in February as sales of motor vehicles shot up. June's performance outstripped the 7.8 per cent riseSource: Dept of Statistics - 306 words
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175 1999-08-20 2 Reuters SINGAPORE needs to restore wages gradually to dampen any potential wage inflation, Economic Development Board (EDB) chairman Philip Yeo said yesterday. "It is better for us to restore the CPF amount once the economy recovers, rather thanReuters - 175 words
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Article, Illustration426 1999-08-20 2 Corinne Kerk - By i Corinne Kerk THE Great Eastern Hotel has finally found a buyer in Ho Bee Developments, which #111 pay Located at the junction of MacPherson Road and Upper Aljunied Road, the hotel is owned by Great Eastern Hotel (Private)FILE PHOTO - 426 words
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420 1999-08-20 2 Soh Tiang Keng - This will help to rednce their business and investment risks By I Soh Tiang Keng THE Monetary Authority of Singapore (MAS) should consider raising the current 30 per cent foreign asset limit for insurance companies to reduce their business and investment420 words
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Page 2 Advertisements
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Advertisement228 1999-08-20 2 I Publishing sites, search engines, directories, media portals and I Internet Service Providers will have you believe that banner ads I are a cost-effective way to advertise your products and services. I Less costly than mainstream advertising, yes. More effective, hardly. H Because research confirms that online advertising is no228 words
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FOCUS
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Article, Illustration1374 1999-08-20 3 Conrad Raj - S pore pool of good bankers is limited, the solution lies abroad in Asia and beyond, says chairman Dhanabalan By I Conrad Raj WHILE DBS Bank already has some very good bankers, they are not in the numbers required to elevate it to a1,374 words
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Page 3 Advertisements
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Advertisement308 1999-08-20 3 SiliyiSfet" M"-\ i 111 iiiiiriiTr fTtT'^ JSBr m .*Sffs^^s£^ijESirg^WT-jy f *>.- Recently, a leading British motorcar magazine named the You see bv makme full use of new hitrh crmiorh-<r«.l« »u- A For more information on the new Rover 75, visit the Rover Y maKlng tUH USC l CW h,gh ren308 words
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ASIA ON THE MEND
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297 1999-08-20 4 AFP [BANGKOK] The central Bank of Thailand said yesterday it was drawing up an emergency plan to protect the local currency should China decide to devalue the yuan. BOT assistant governor Kiatisak Meecharoen said the bank was examining how such a devaluation would affectAFP - 297 words
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221 1999-08-20 4 [SINGAPORE] Except for Malaysia, regional stocks yesterday brushed off Wall Street's overnight drop to finish mainly firmer, continuing the rallies that began on Wednesday. The rallies were led by Hongkong, where hopes of bank mergers pushed the Hang Seng Index up 410.49,221 words
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Article, Illustration553 1999-08-20 4 Ruth Wong - Manufacturing and services sectors cited as the swing factors From Ruth Wong in Kuala Lumpur MALAYSIA'S second quarter gross domestic product (GDP) could grow by a better-than-expected rate in excess of 3 per cent, analysts said. The analysts said that the second quarterNote 1587=100 - 553 words
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481 1999-08-20 4 BN also wants weekly reports on progress of talks Bloomberg [KUALA LUMPUR] Bank Negara Malaysia gearing up for the most sweeping banking overhaul in the nation's history has ordered bankers and executives to cancel all holidays ahead of planned mergers inBloomberg - 481 words
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356 1999-08-20 4 Reuters [KUALA LUMPUR] Malaysian authorities who met fund managers yesterday gave no indication that the government would relax a capital gains tax on foreign portfolio investments, participants in the meeting said. The managers, who met officials from the National EconomicReuters - 356 words
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Article, Illustration491 1999-08-20 4 Fresh gains hurt exports; Nikkei's rise keeps BO J from intervening AFP [TOKYO] The steady surge in the yen has already started eating into profits at Japan's biggest companies and threatens to squash prospects of a swift economic recovery, analysts said yesterday. Not onlyAFP; REUTERS - 491 words
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Page 4 Advertisements
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Advertisement116 1999-08-20 4 I I H Rrfol6 V ®22 lAniline Leather. Armchair ***** Sofa $3688. 3 Seat Sofa ***** ■iff Mahogany H c HI (Gloss or Man) with Aniline Leather IW: 013 029 (Adjustable height) D-f. nn J AfliUne 1 185 C Please send us your business card if you wish to I116 words
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SOUTH-EAST ASIA
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Article, Illustration644 1999-08-20 5 Al Labita - Clash over Estrada's proposal to open up economy further to foreign investors From Al Labita in Manila DIVERSE groups will' hit the streets today in separate vendues in what appears to be a showdown between anti and pro-economic liberalisation supporters. The anti-liberalisation supporters, led byREUTERS - 644 words
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370 1999-08-20 5 REGIONAL BANK WOES But Bls&ys probe still going on; B&pep&m looking into insider trading Bridge News, Bloomberg Reuters, AFX-Asia [JAKARTA] Bank Indonesia governor Sjahril Sabirin told legislators yesterday that its investigation into the Bank Bali scandal is continuing and that any violationsBridge News,; Bloomberg; Reuters,; AFX-Asia - 370 words
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261 1999-08-20 5 ■BANQKOK Reuters THAI Finance Minister Tarrin Nimmanahaeminda said yesterday that the government was putting high priority on easing substantial nonperforming loans (NPLs) carried by state-owned Kruftg Thai Bank pic. Mr Tarrin told parliament he had asked Krung Thai's new president SinghReuters - 261 words
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WORLD Watch
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98 1999-08-20 5 AFP [JAKARTA] A military insurance company that gets its funds from obligatory monthly contributions from Indonesian armed forces members has lost 420 billion rupiah (5594.5 million) it lent to a businessman, a report said yesterday. The Abri (Indonesian military) Insurance Company (Asabri) hasAFP - 98 words
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Article48 1999-08-20 5 Reuters [JAKARTA] Indonesia's former President Suharto left hospital yesterday afternoon after being treated for intestinal bleeding for several days. Witnesses said Mr Suharto left Jakarta's Pertamina hospital in a wheelchair at around 2.40pm (0740 GMT) amid heavy security, accompanied by some of his children.—ReutersReuters - 48 words
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Article63 1999-08-20 5 AFP [AMBON, Indonesia] Indonesian authorities have suspended all civilian flights to riot-torn Ambon because of escalating Muslim-Christian violence and handed the airport over to the military, sources said yesterday. A duty officer at the military information office said the suspension affected all commercial flights to andAFP - 63 words
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Page 5 Advertisements
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Advertisement42 1999-08-20 5 v M lv Ml,, X (.km i: f Tr.K'kinc now conquest ot time M /ft i nJ 'Kl ttt 1 > r N 7 r J A > 4T/9 J// fill, 0 w 4 ■'r-•!;.. L „r.,r SINCERE :T-V c. m I i N42 words
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CHINA-HONGKONG-TAIWAN
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626 1999-08-20 6 BEIJING Slide in capital inflow far less serious than expected: economist Bloomberg FOREIGN investment in China sank 10 per cent to U5521.49 billion (Ss36 billion) in the seven months ending July, as investment from other Asian countries slowed. While theBloomberg - 626 words
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163 1999-08-20 6 BEIJING Bloomberg THE Bank of China, the country's biggest foreign exchange bank, will set up an asset-management corporation to deal with its bad loans before the end of September, an executive said. It is the first time the bank has givenBloomberg - 163 words
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309 1999-08-20 6 BEIJING Taiwan cabinet says it wants missile defence system AFP CHINA yesterday kept up pressure on Taiwan, warning the US through the state media that it was fully prepared to launch an attack on the island if necessary, regardless of the cost.AFP - 309 words
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Article, Illustration297 1999-08-20 6 HONGKONG Reuters HONGKONG stocks closed sharply higher yesterday on news of a potential Japanese bank merger and on hopes of progress in China's bid to join the World Trade Organisation. The Hang Seng Index closed up 410.49 points orReuters; REUTERS - 297 words
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333 1999-08-20 6 BEIJING Implementation delayed as some details not yet issued Reuters CHINA has delayed the implementation of rules on joint ventures in the processing trade to Oct 1, a Foreign Trade Ministry spokesman said yesterday. "We have decided to delay the implementation ofReuters - 333 words
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223 1999-08-20 6 SHANGHAI Bloomberg CHINA'S B-shares, which foreigners can hold, rallied on speculation that the government will take fresh steps to encourage investment in equities. The Shanghai B-share index rose 8.7 per cent to close at 47.821, its biggest one day gain since July 23. TheBloomberg - 223 words
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Page 6 Advertisements
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Advertisement243 1999-08-20 6 Loved ones abroad? Sen< them weekly! I From abroad, home news is being home. The Straits Times (Weekly provides a crisp of The Straits Times coverage happenings Singapore one studying/working overseas, send them 'Home' ....weekly. August being the month of Singapore's independence celebration, we are giving away 4 issues of243 words
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Advertisement28 1999-08-20 6 Classified First. Looking for a holiday destination? Or simply getting away from it all? \> Top of your itinerary: Check The Straits Times CATS. V e Buyk.Stlk.FMlL u I28 words
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ASIA
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AISA Notes
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88 1999-08-20 7 Reuters [SEOUL] Foreign bankers said yesterday they had not ruled out taking legal action against South Korea's debt-laden Daewoo Group and would make their position clear next week. "Our position will be forwarded to the (Korean) government and Daewoo Group next week," said anReuters - 88 words
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Article, Illustration49 1999-08-20 7 AFP [NEW DELHI] Finance Minister Yashwant Sinha (above) said yesterday that India would achieve 7 per cent growth in the year to March 2000 despite numerous challenges. "The economy is growing strongly. More importantly, the feel-good factor has come back," he said. —AFPAFP - 49 words
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56 1999-08-20 7 AFX-Asia [SEOUL] Samsung Group and its creditor bank are close to an agreement on how the group will cover more of the debt of unit Samsung Motors Inc, a creditor bank official said. "We need a couple of more days to study details includingAFX-Asia - 56 words
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Article66 1999-08-20 7 AFP [NEW DELHI] Indian opposition leads* Sonia Gandhi was widely derided yesterday for announcing her candidacy for coming elections from a safe constituency in the country's deep south. Mrs Gandhi, 52, unexpectedly filed her nomination papers from Bellary in the southern state of Karnataka onAFP - 66 words
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61 1999-08-20 7 Bridge News [TOKYO] An official from the Ministry of International Trade and Industry (Miti) told Bridge News yesterday that local reports that Miti would start calculating Japan's gross domestic product separately from the Economic Planning Agency are inaccurate. The official added thatBridge News - 61 words
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500 1999-08-20 7 mSEOUL Growth led by strong investment in plants and equipment, says central bank Reuters SOUTH Korea said yesterday that its economy grew a powerful 9.8 per cent over the year to the second quarter of 1999, surpassing expectations and sharply rebounding fromReuters - 500 words
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328 1999-08-20 7 Brian Gomez - From] Brian Gomez in Sydney PAPUA New Guinea has asked the World Bank to set up an independent team to examine social and environmental issues related to the Ok Tedi copper mine, which faces possible closure by its majority shareholder, The Broken328 words
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369 1999-08-20 7 SYDNEY Australia could beat US to become biggest shareowning society FT AUSTRALIA could overtake the US as the biggest shareowning society, in percentage terms, if a majority of would-be investors in the secondary public offering of Telstra, the telecommunications company, take up their allocations.FT - 369 words
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167 1999-08-20 7 TOKYO Nikkei IN a worrisome sign that some Japanese banks may be forced to raise their loan-loss provisions, property loan recovery ratios are dropping at court-sponsored foreclosure sales in the Osaka area. Auctions of foreclosed real estate in the second halfNikkei - 167 words
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Page 7 Advertisements
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Advertisement317 1999-08-20 7 Asia Mi lei </V> iHunHiyH ft $4 HMI H B I RBHiB^IB B:l|H|BBfl^^B 55 CSSSI *^H; ""CBi Bnw *X{f>*tiS2«vv^^^^9^^^^^^^¥^^B* ■ifflfSSH^^^B 13 -f -w. -1- ree flights come easier with Asia's most rewarding frequent flyer programme, Asia Miles. now redeem your free flight to Hong Kong on Cathay Pacific for 20,000317 words
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Page 8 Advertisements
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Advertisement39 1999-08-20 8 I /MITSUI-SOKO I 'Thank I I all our 20th Anniversary sponsors I I Shipping Transpo r t a t i o ri\ j| I Office Reiocat /on SEE it r 'Xkt-a Al>° ACCREDTTATION IS( "MID OFCERTTRCATION Ct'irjo CI/1165 BOOES39 words
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FOCUS
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Article, Illustration2228 1999-08-20 10 DAVID FOLKERTS-LANDAU - Due to continued profitability, a market correction won t be sufficient to squash US consumer demand, says dato DAVID FOLKERTS-LANDAU THE direction of US interest rates is the point of departure for any global analysis these days. In the likely outcome,Compiled by BT - 2,228 words
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Page 10 Advertisements
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Advertisement11 1999-08-20 10 HOCK LOCK SIEW Takes you behind the news v TheßusinessTimes ■••trail11 words
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THE WORLD
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Article, Illustration380 1999-08-20 11 MOSCOW AFP THE Russian government approved yesterday a draft Budget for 2000 that provides for US$5.7 billion (559.5 billion) in international financial aid as an IMF (International Monetary Fund) team arrived here for talks, news agencies reported. The draft Budget will beAFP - 380 words
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362 1999-08-20 11 BERLIN Finance ministry also forecasts fall in joblessness t03.4min2003 from 4.3 m in 1998 Bloomberg THE German government expects growth to average 2 per cent through to 2003, with unemployment falling to an average of 3.4 million by the end of thatBloomberg - 362 words
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284 1999-08-20 11 PALO ALTO, California Reuters INTERNET advertising revenue is growing rapidly but the spending is increasingly concentrated on a handful of top Web sites, the Internet Advertising Bureau said on Wednesday. A survey by the industry group shows Internet advertisingReuters - 284 words
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Article, Illustration626 1999-08-20 11 BRASILIA Central bank forced to sell dollars, announces measures to boost investment Bloomberg BRAZIL'S currency tumbled to a five-month low as falling Interest rates and the government's Inability to cut its budget deficit prompted investors to search for higher returns elsewhere.Bloomberg; FILE PHOTO - 626 words
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Article, Illustration780 1999-08-20 12 Anthony Rowley - Three in alliance talks to form holding company with assets of US$l.3 trillion From. Anthony Rowley in Tokyo THREE of Japan's leading banking institutions Industrial Bank of Japan (IBJ), Fuji Bank and Dai-Ichi Kangyo Bank (DKB) appear close to agreeing780 words
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168 1999-08-20 12 FRANKFURT Reuters GERMANY'S biggest bank yesterday abandoned its vast real estate dream to make Frankfurt a more attractive city after the country's railway operator, which owns the land, said it would develop the site itself. Deutsche Bank's plans to give Frankfurt, home of theReuters - 168 words
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411 1999-08-20 12 NEW YORK Officials say it could be one of the largest money laundering ops uncovered in US NYT BILLIONS of dollars have been channelled through the Bank of New York in the last year in what is believed to be aNYT - 411 words
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328 1999-08-20 12 WASHINGTON Bloomberg THE US Treasury Department ordered thousands of money-transfer providers, including American Express and First Data's Western Union Telegraph, to register with the US government as part of a crackdown on money laundering. Treasury first proposed theBloomberg - 328 words
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Page 11 Advertisements
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Advertisement313 1999-08-20 11 By powering the Net, we're bringing newborn companies into the world every day. As you may have noticed, their stock prices are kicking and screaming. While a baby might have a mother's eyes or a father's nose, over half of the world's leading Internet businesses come into this world with313 words
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Page 12 Advertisements
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Advertisement174 1999-08-20 12 I'ul't i S/# </» lliii'W.'Ji Si .< in i We've been improving the quality of our beds for over 100 years. Occasionally, we improve on our logo as well. •S From its bumble beginnings in Kenosha, Wisconsin; The Simmons Manufacturing Company has grown to what is now a truly global174 words
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EDITORIAL & OPINION
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Article, Illustration819 1999-08-20 13 Anthony Rowley - 188 BOTTOM LDTB OPINION By Anthony Rowley The writer is BT's Tokyo correspondent ABIT late in the day but probably better late than never is about the most charitable way to describe the decision by the International Monetary Fund (IMF) and the World Bank819 words
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Article96 1999-08-20 13 'Producers have resorted to malicious competition by slashing prices drastically for survival.' New (Un News Agency describing the price wars among many producers, a new phenomenon/or Chinese officials that they find unsettling. 'You know what happens, somebody floats a rumour and it causes you to ask a96 words
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Article617 1999-08-20 13 EDITORIAL PINALLY, everything seems to be falling into place for the ravaged Thai economy. All its key indices are pointing the right way and the country seems to be visibly energised Prime Minister Chuan Leekpai is talking to the International Monetary Fund (IMF) about raising the617 words
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Article, Illustration1160 1999-08-20 13 Paul Samuelson - Will the Greenspan soft landing be safeguarded so US remains locomotive of global stability? By Paul Samuelson The writer is an economist at the Massachusetts Institute of Technology IT WAS a sad thing for Europe and the global economy when the conservative Herbert HooverFILE PHOTO - 1,160 words
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Article, Illustration915 1999-08-20 13 THIS is the account of one of US President Bill Clinton's initiatives that got sidetracked and has led to nothing. It is a typical Washington tale, in which hopes are raised, political points are scored, headlines are written and then in the end, an issue is915 words
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Page 14 Advertisements
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Advertisement54 1999-08-20 14 Apply For Your "J Citibank Cathay Pacific Visa And Fly For Free Now. T-r FIS'LS" W TOLAS'. A f r buy One BMPi IiMHM 'HP^- v I And Get j Another Free %i» Mpg pJ^^sSgr j". r.„- v &ij "Offer e> < :v V e ";-V-. .r; -V"; V\ V-"54 words
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COMPANIES & MARKETS
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474 1999-08-20 15 Siow Li Sen - CORPORATE RESULTS fpek-np in economy tlso boosts S'pore ranance profit, by 8% to $l&3m k- Siow Li Sen IfONG Leong Finance (HLF) westerday turned in a sparlilng set of net interim earnings, which surged 60 per <pnt to $48.8 million, in474 words
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808 1999-08-20 15 R Sivanithy - HOCK LOCK SIEW R Sivanithy IHHH ARLIER this week, CK Tang's warrants expired out-of-the-money and therefore worthless. ijV HIH Their lapse meant that 3 the retail firm sadly missed out on a cash injection of some $23 million, a decent enough sum808 words
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522 1999-08-20 15 Teh Hooi Ling - Over 30% growth at least 5 years in a rew; mere to come By' Teh Hooi Ling [SINGAPORE] It is getting predictable: Datacraft Asia yesterday reported a 40 per cent jump in net earnings to US$2l.4 million (5535.8 million) making the year just past at522 words
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Article, Illustration554 1999-08-20 15 Jennifer Lien - By, Jennifer Lien [SINGAPORE] Nat Steel Broadway Ltd (NBL) yesterday posted a 55.8 per cent rise in interim net profit to $13.97 million, and is so pleased with the results that it is proposing a l-for-2 bonus issue. And forCHRIS LOH - 554 words
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COMPANIES
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428 1999-08-20 16 Christopher Tan - It expects fall in COE prices, sets sales target of 1,000 vehicles a month Byi Christopher Tan [SINGAPORE] Banking on lower COE prices, car distributor Tan Chong International expects to not only sell more cars in the second half428 words
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299 1999-08-20 16 Rights issue to raise np to $10.7 m; sale of associate USss.sm, property sale $5.9 m [SINGAPORE] Sesdaq-listed Progen Holdings yesterday announced a series of initiatives expected to rake in cash of up to $26 million by yearend. The company299 words
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Article, Illustration477 1999-08-20 16 Ven Sreenivasan - Issoe of 40m shares; employees to be given 12L5m nnits By Ven Sreenivasan [SINGAPORE] Sesdaq-bound outsourcing and assembly specialist Mentor Media will raise some $7 million from its initial public offer of 40 million shares next week. The IPO willARTHUR LEE - 477 words
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123 1999-08-20 16 [SINGAPORE] The Central Provident Fund Board has appointed a consultant to review the CPF Investment Scheme (CPFIS) with the objective of reducing settlement time and transaction costs. The board yesterday said it had appointed PricewaterhouseCoopers to study the entire business process of the123 words
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263 1999-08-20 16 New exchange to explore feasibility of cash, derivatives trade for all members Bridge News [SINGAPORE] Futures brokers wUI be allowed to trade stocks after access to both cash equities and derivatives markets is fully liberalised by January 2002, said a Singapore InternationalBridge News - 263 words
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567 1999-08-20 16 Bridge News [SINGAPORE] The Singapore International Monetary Exchange has no immediate plans to push out its Dow Jones Malaysia Stock Index Futures contract, following a move by Morgan Stanley Capital International (MSCI) to reinstate Malaysia back into its widely-trackedBridge News - 567 words
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Article, Illustration302 1999-08-20 16 [SINGAPORE] The reinstatement of Malaysia and the increase in Taiwan's weightage in the Morgan Stanley Capital International indices from February next year should not affect Singapore much, said SG Securities group research director Manu Bhaskaran. "In terms of a pro-rated302 words
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COMPANY Briefs
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Article50 1999-08-20 16 louiu/u-vrii&j riuow urciga nuaungs saia it nas Incorporated a new company called home2be.com Pie Ltd to sell home furniture, furnishings and gifts over the Internet as part of its entry into e-co«nmerce. The wholly-owned subsidiary will have an authorised and intended paid-up capital of $100,00050 words
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Article64 1999-08-20 16 [SINGAPORE] Singapore Airlines has been ranked Mo 1 by the readers of Time Asia, topping the list of 86 airlines from around the world. SIA was tops in terms of overall image and inflight service and was the airline most frequently flown in the past64 words
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66 1999-08-20 16 [SINGAPORE] Harimau Investments repeated net profit of $4.6 million for the half-year ended June, up from a loss 0f54.8 million last year, as regional equity markets staged a strong comeback. Operating income came to $6.8 million. Earnings per share was 7.65 cents while66 words
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56 1999-08-20 16 [SINGAPORE] Gokttron Ltd said yesterday there are reasonable grounds Cor the company to continue as a going concern because its creditor banks have indicated they will support the company while it finalises the comprehensive restructuring of its businesses and borrowings. The company was replying toqueries56 words
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Article68 1999-08-20 16 [SINGAPORE] MHE Holdings said it has signed a letter of intent with Thomson Multimedia Asia to provide contract manufacturing support and material procurement services to Thomson's colour television operation in Madras. The letter of intent is conditional on MHE investing in and setting up68 words
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64 1999-08-20 16 Reuters [KUALA LUMPUR] The Perak state government will buy a 20 per cent stake in state electricity utility Tenaga Nasional Bhd's Manjung power plant, the national Bernama news agency said. "We will acquire the stake through the State Economic Development Corporation (SEDC)Reuters - 64 words
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62 1999-08-20 16 AFX-Asia [KUALA LUMPUR] Yeo Hiap Seng (Malaysia) Bhd said its managing director Yeo Chee Yan will retire from the company and as director of all subsidiary and associate companies in the group with effect from Aug 81. The company said in view of his experienceAFX-Asia - 62 words
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REGIONAL COMPANIES
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Article659 1999-08-20 18 Fox TVs higher programming costs, lower circulation revenue at Sun cited Bloomberg [SYDNEY] Profit fell 20 per cent at News Corp, the media company run by Rupert Murdoch, in its fiscal fourth quarter because of higher programming costs at the Fox TV network andBloomberg - 659 words
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259 1999-08-20 18 AFP [TOKYO] Japan's Mitsubishi Motors Corp said yesterday that it would consolidate its production facilities and sell more land to help slash its debts. The automaker said it would sell part 0f400,000-sq m plot at Oe in the central city of Nagoya whereAFP - 259 words
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Article, Illustration276 1999-08-20 18 Reuters [SYDNEY] Troubled reinsurers GIO Australia Holdings Ltd and Reinsurance Australia Corp Ltd said yesterday they had exposures to the earthquake in Turkey's industrial heartland which killed at least 3,500 people. A GIO spokeswoman said the company did not have "precise information available" atReuters; AFP - 276 words
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Article, Illustration586 1999-08-20 18 Bloomberg [SYDNEY] Qantts Airways Ltd, Australia's biggest airline, said second-half profit rose a better-than-expected 15 per cent as domestic earnings jumped, fuel costs fell and it sold more tickets on US and UK routes. Qantas, the fifth largest carrier in the Pacific Rim, reported aBloomberg; AFP - 586 words
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388 1999-08-20 18 HK$L36b HI profit; net debt-to-eqnity ratio halved Reuters, AFP [HONGKONG] Cheung Kong Infrastructure yesterday reported a 10 per cent rise in first-half net profit and said it nearly halved its net debt-to-equity ratio. At a first-half results briefing, a company official saidReuters,; AFP - 388 words
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314 1999-08-20 18 Bloomberg [HONGKONG] Hongkong has its first local discount broker. Boom Securities (HK) Ltd, a closely held brokerage that was one of the first to offer online trading here, yesterday started to allow local investors to buy and sell US shares. Boom, which willBloomberg - 314 words
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409 1999-08-20 18 Lease income will be used to finance its expansion into satellite businesses Reuters, Bloomberg [HONGKONG] APT Satellite Holdings Ltd said it had agreed to lease all the transponder capacity of one of its three satellites, Apstar-lIR, for about 14 years to aReuters,; Bloomberg - 409 words
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INTERNATIONAL COMPANIES
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Article, Illustration520 1999-08-20 19 Shareholders file lawsuit to stop restaurateur from filing for Chapter 11 Bloomberg, NYT (ORLANDO, Florida] Planet Hollywood shareholders have filed a lawsuit seeking to block the star-spangled restaurateur from filing a bankruptcy reorganisation plan, the Orlando Sentinel said on its website on Wednesday. The newspaperBloomberg,; NYT; REUTERS, AFP - 520 words
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323 1999-08-20 19 Bloomberg [PITTSBURGH] Alcoa Inc won a short-lived bidding war for Reynolds Metals Co with a sweetened offer of US$5.B billion (559.7 billion) in stock and assumed debt, reclaiming its position as the world's biggest aluminium maker after rival Alcan Aluminium LtdBloomberg - 323 words
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Article539 1999-08-20 19 Estimates vary as US money managers get in line for an IPO Bloomberg NEUBERGER Berman could be worth US$2.3 billion (553.9 billion) after it sells shares to the public for the first time. Then again, it could be worth US$5 billion. The smaller amount fits ifBloomberg - 539 words
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333 1999-08-20 19 It plans release of software code for real-time e-mail Reuters, Bloomberg MICROSOFT Corp turned up the heat on Wednesday in its instant-messaging battle with America Online Inc (AOL), pledging to release software code this month in a step towards establishing a widely accepted InternetReuters,; Bloomberg - 333 words
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294 1999-08-20 19 Reuters [AMSTERDAM] ABN Amro, the Netherlands' largest bank, unveiled a 30 per cent increase in first half 1999 net profits yesterday and promised more of the same. "We assume the increase in net profit will be at least 30Reuters - 294 words
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FINANCE & COMMODITIES
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440 1999-08-20 20 Bank loses money in jittery derivatives market; talk of USsloom loss said to be too high FT [LONDON] Goldman Sachs, the US investment bank, has lost money after being caught out in the derivatives markets. The loss was incurred late lastFT - 440 words
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292 1999-08-20 20 Bridge News, AFP [PARIS] Bank of France governor Jean-Claude Trichet has offered raider Banque Nationale de Paris and its target bank Societe Generale a compromise solution under which they would hold each other's shares and develop cooperative ventures in some fields, the Wall StreetBridge News,; AFP - 292 words
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Article, Illustration69 1999-08-20 20 [BANGKOK] A Bangkok taxi driver rushing to fill up his gas tank yesterday after the latest gasoline prices were hiked to the highest price of the year due to the Organisation of Petroleum E *Z° r f l ?S Us production and failing local currency. PriceAFP - 69 words
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Article524 1999-08-20 20 Philadelphia retaliates as CBOE, Amexseektotake business from it Bloomberg (CHICAGO] For the nation's options exchanges, a longawaited listings battle has begun. The Chicago Board Options Exchange and the American Stock Exchange said that beginning on Monday they will list Dell Computer Corp, the nation's busiestBloomberg - 524 words
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387 1999-08-20 20 Bridge News, Bloomberg [NEW YORK] In a departure from the typical Soros hedge fund, George Soros is creating a private fund which will form the primary vehicle for his real-estate investments. This is seen as the legendary investor's recognition that privateBridge News,; Bloomberg - 387 words
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314 1999-08-20 20 Settlement covers 7m current and former clients LAT-WP [NEW YORK] Metropolitan Life Insurance Co, the sec-ond-largest US life insurer, agreed on Wednesday to pay as much as US$l.7 billion (552.9 billion) to settle lawsuits by policyholders who said they wereLAT-WP - 314 words
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222 1999-08-20 21 Daphne Tay, Jardine Fleming - ttiwiKi Reports MS& Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market yesterday managed to shrug off overnight jitters on Wall Street, ending the day on a firm note. Key index stocks rose as investors returned to the market encouraged by the strong222 words
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215 1999-08-20 21 Juliana Loo Na Na Refco Singapore - MSCI Taiwan fixtures Juliana Loo Na Na Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract surged 27 points yesterday despite the overnight fall of the Dow. Strong record sales in the electronics is helping to offset lagging domestic demand215 words
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Article248 1999-08-20 21 ENERGY REPORT Reuters [LONDON] World oil markets yesterday shrugged off reports showing higher US stockpiles and climbed back towards recent 22-month highs. Benchmark North Sea Brent crude for October rose 4 cents to U5520.71 a barrel, within striking distance of a recent US$2l high.Reuters - 248 words
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Article330 1999-08-20 21 AFP Reuters London THE US dollar slumped below 111 yen for the first time in seven months yesterday as yen bulls were encouraged by the prolonged absence of the Bank of Japan from the foreign exchanges. A larger-than-expected US June trade deficit added to the dollar's woes, forcingAFP; Reuters - 330 words
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Article, Illustration1037 1999-08-20 21 DTTHRBAMK CROSS RATES Aug l It Pro Ffr Dw MK$ tad8»HptH Yw Wo, M «$nn, N«o Sfr W$ Hmi BS$ Austral* 1967 1171 0.610 4.000 1193 5.051 ***** 51.629 0.747 7J56 2.473 L227 ***** ***** L065 ]M4 HK7MM(um AM* C£» 1058 1579 1639 4.193 1250 1219 29.*****731 0.751 1059 2.5551,037 words
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Article1693 1999-08-20 21 SICOMPOTPEBS Avals RUBBER (futur*] ctouoq as «t SJOpm) RSS1 CONTRACTS ccots/kq) dost VolMM Open Mo<rt)l Hijfc Low Sftt (towm) hrtorwt S«p99 92.75 1200 Oct 99 95.25 200 •to* 99 96.75 300 Dk99 90.50 300 Jm/U* 00 102.00 300 Apr/*n 00 105.50 Jul/S«p 00 108.50 RSS 3 CONTRACT (US cmti/M) Vo4wm1,693 words
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Article, Illustration1218 1999-08-20 22 Reuters QHugSeog +410.41 HONGKONG stocks closed higher yesterday on news of a potential Japanese bank merger and on hopes of progress in China's bid to join the World Trade Organization. The blue chip Hang Seng Index closed up 410.49 points or 3.16 per cent at 13,403.59. Turnover was HK59.36Reuters - 1,218 words
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Article, Illustration495 1999-08-20 22 AFP H Shenzhen B latex +&14 SHENZHEN'S B shares closed sharply higher on heavy turnover yester day, aided by speculation over market-boosting measures and signs of a more conciliatory stance towards Taiwan, brokers said. The Shenzhen B Share Index closed 5.24 points, or 5.91 per cent, higher at 93.89,AFP; Source: Credit Lyonnsis Securities(Asia) Ltd - 495 words
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Article250 1999-08-20 22 AFP □WPhia -am TAIWAN share prices closed 0.4 per cent lower yesterday as investors locked in profit from recent sharp gains, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 29.04 points to 7,964.67. Investors took profit from a sharp surge sparked by last week's rise in theAFP - 250 words
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Article1631 1999-08-20 22 §3» >*■*** Hmt *h 31 Group 127 0.01 ABbey Motional KUO 0.04 A B Foods 4.09 0.01 ABPorts 3J6 as AUriZmci 2327 O20 kMenco Leicester <24 as AMsSDswocq 5.43 IN MMZMkk 722 035 Anglo American Gold 43.70 unch ASOA Group 221 0.01 Bank of Scotland 736 -0.091,631 words
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Article1426 1999-08-20 22 AFP Q Nikkei 225 -1X52 SHARE prices in Tokyo recovered from heavy losses to close down just 0.1 per cent yesterday, buoyed by a report that three top Japanese banks plan a major alliance. The Nikkei 225 Index on the Tokyo Stock Exchange lost 12.52 points to finish atAFP - 1,426 words
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KUALA LUMPUR STOCK MARKET
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Article6745 1999-08-20 23 mmktruu Cmsmmt prefects v«< Day Mat Cap W """j 'OOP High Law P/l Imtl 2 46 i!22? e X2 2 320 M 20J 129.7 »gK?~«. 55 -J «j ss 55 sa 85 4» !RBs:==r« m m 2K tlon 55 Corp 191 unch 40 199 191 10.8 IS71 1290 970 Carlsborg6,745 words
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Article, Illustration380 1999-08-20 23 AFP n Composite Index -136 MALAYSIAN share prices closed marginally lower yesterday in volatile trade with buying interest fading amid a lack of fresh funds. The Kuala Lumpur Stock Exchange Composite Index lost 2.36 points or 0.3 per cent to close atAFP - 380 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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212 1999-08-20 24 R Sivanithy - WARRANT WATCH -By R Sivanithy THERE'S a misconception in some circles that an out-of-the-money warrant with little time left before expiry could be seen as attractive because it offers high gearing. This is a dangerous assumption, since it ignores the reason why the warrant is212 words
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Article223 1999-08-20 24 Or Or U« V* D*V L-»»"«• Mr D* VM N« MC« Lw C.—y m» V- COOOl MN> f —yr CV >/t w 365 173 5123 CDLC2000IMK 272.5 »2J 2 2723 2723 270 17 2.1 U 5J9U 5124 Cltfuy Pic 20C HK_720 Cd 265 2.1 7.4 6 *****.4 5125223 words
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Article2074 1999-08-20 24 mm* lmm «—i > Lart V* Day Last Ow*« Avg Wgb U» »f« C—»a»V I* *w rooo) High Law Buyar ggr PrtS 104 3 s 3160 Actr WOW731 US$ 46 *0.5 322 473 44 453 46 80 4.5 t 3164 Acma ******4 34 -13 121 37 34 34 35 322,074 words
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Article206 1999-08-20 24 AFP pWcflngta -ICS# TELECOM led the New Zealand share market down 0.8 per cent yesterday after Moody's downgraded the company's credit rating on Wednesday. The NZSE-40 Capital Index ended down 16.50 points at 2,181.56 on light turnover of NZ$6O.3 million. —AFP •m m f— M»ant4«aMDS LAS -OJO 64 MrNZAAFP - 206 words
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Article, Illustration804 1999-08-20 24 AFP H SET fate +BJ4 THAI share prices closed 2 per cent higher yesterday, with investors returning to the market to buy bank shares in afternoon trade, dealers said. The Stock Exchange of Thailand (SET) Index finished 8.24 points higher at 418.0, while the SET 50 Index of selectedAFP - 804 words
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Article346 1999-08-20 24 AFP gjOwaogtaMg *124 SHARE prices closed 0.26 per cent higher yesterday on strong second-quarter GDP growth figures and a firmer yen, dealers said. The Composite Index closed up 2.24 points at 871.18. Volume was 277 million shares worth 3.2 trillion won. •Today's most remarkable (trading highlight) was foreigners turningAFP - 346 words
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Article496 1999-08-20 24 AFP FlAllOinihiriM +U AUSTRALIAN share prices closed marginally firmer yesterday, brokers said. Hie Australian Stock Exchange's benchmark All Ordinaries Index rose 1.1 points to 3,027.1. Turnover totalled 385.6 million shares worth Asl.l billion. The All Industrials Index closed up 14.6 points at 5,207.5, while the All Resources Index fellAFP - 496 words
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Article, Illustration650 1999-08-20 24 AFP ri Composite Index +2Q) INDONESIAN share prices climbed 3.6 per cent yesterday on the back of a stronger rupiah and positive moves to solve the Bank Bali scandal, brokers said. Trade was just speculative, a foreign exchange dealer with an international bank said. The Jakarta Stock Exchange CompositeAFP - 650 words
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Article279 1999-08-20 24 AFP gimuu PHILIPPINE shares closed up 2.5 per cent yesterday as investors bought heavily into blue chips, brokers said. The Philippine Stock Exchange Composite Index gained 54.11 points to 2,159.20. A total of 1.6 billion shares worth 2.5 billion pesos changed hands yesterday, up from Wednesday's 1.2 billion sharesAFP - 279 words
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5434 1999-08-20 25 Transaction date: Aiu; 19 Htaa*""?.- Vol 0«y Laal Ouatt M» Otv VM MM Cw An -35 »tW Campany t«H COOP) M>» U» Buyar 6a6ar C'« p)| £3 Pr£ WHTHMBUSTRY '»4 17.5 m b lOOO Acma 50c 123 90 12* 122 123 124 10 345,434 words
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Article660 1999-08-20 25 ar rjs, i x v fs ssJS UT cIMTISJHSIAL 12? 414 t77 WtW* 10 N 0.5 m* TTJ i" ,52 SJSti SiXZLzzEk m s 5 5" ,93 50 C 2062 AWMCon ,0c T2 >«i ,#0C 73 63 TtS n K *2! 2 iZ. £1°°' "W«"C MS 5 >66 *5660 words
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STOCK EXCHANGE OF SINGAPORE
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Article301 1999-08-20 26 CESESSSBBHHBDE Stocks ValWM Asia FoodSProp US$ 40,970,000 •Gentlng Int 39,293,000 Hotung In* *75 29,952,000 Goldan Aqri USIOc 24,421,000 Omni M 10c 16,296,000 DragonLand 10c M,651.000 IPC Corpn 5c 13,436,000 DBS Land 13,125,000 Eagl* Brand HkJqs HK75c 12,763,000 GES Intl Ltd 20c 11,553,000 Kwta > DBS Foreign 54.290,344 DBS Land 45.465,497301 words
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Article, Illustration628 1999-08-20 26 R Sivanithy - STOCK MAUBT OOMMHMTASY Sesdaq stocks gain another 4% Irat STI has mixed session while DBS Land comes into sadden play By R Sivanithy THE Straits Times Index managed a 21.14-point rise to 2,070.2 yesterday but the broad market came under some pressure in628 words
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OH THE GRAPEVINE
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Article91 1999-08-20 26 NOW that the liberalisation spotlight has fallen on the insurance industry, the obvious question turns on foreign talent. Are local insurers going to start hiring foreign talent like some of the banks have done? Loo Sun Mun of Asia Insurance told Grapevine that because of91 words
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Article179 1999-08-20 26 STAN Lee, the creator of Spkterman, the Incredible Hulk and the X-Men, la updating his pantheon of superhero** with, what else—an hiternet twist and a public stock listing, according to a Reutars report Mr Lee, who breathed life into some of the most enduring and profitable comic book characters,179 words
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Article107 1999-08-20 26 HERE'S another proof that Singaporeans tend to be overly aggressive, almost to the point of being irrational in a competitive bidding event SingTel's virtual retail outlet, Bingtalshop.com, recently held an auction for 12 Motorola VMBB mobile phones. Participants were asked to bid for the phones in multiples of107 words
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Article53 1999-08-20 26 DBS Bank, itseems, fe going all out to adopt a global mindset Unlike many fontns—oi that belt out Kenny Gor Richard Claydermann, the bank's call waiting system played an Italian opera the last time we called. Which toft one wag in BT to rmark—"So was tta tnfedy53 words
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Article, Illustration73 1999-08-20 26 Wong Wei Kong - ■By Wong Wei Kong OMNI Industries shares rose 24 cents to $2.02 yesterday, a new 52-week high. Volume was 16.3 million shares, including a block transaction of 7.07 million shares. This compares with its 10-day traded average of 7.07 million units. The daily and weekly RSI, Stochastics and73 words
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Page 15 Advertisements
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Advertisement416 1999-08-20 15 vA.v»fflv^PPr /A\ THE MONETARY AUTHORITY OF SINGAPORE I AMOUNT OFFERED SGDIOOO Million SGD3ooMi#on I ISSUE CODE N*****15* N*****0A (Reopened)* I ISSUE DATE 1 SEPTEMBER 1999 1 SEPTEMBER 1999 I MATURITY DATE 1 SEPTEMBER 2001 15 OCTOBER 2005 I INTEREST RATE TO BE DETERMINED BASED 4.375% 1 ON THE AVERAGE YIELD416 words
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Page 16 Advertisements
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Advertisement50 1999-08-20 16 f This announcement appears as a matter of record only ©DBS BANK THE DEVELOPMENT BANK OF SINGAPORE LTD arranged the sale by INTERNATIONAL MERCHANDISE MART LTD of its 75.0% interest in IME IMMMUmCNTBfMXUD IMM Multi-Enterprise Ltd (now known as Cathay Organisation Holdings Ltd) to GREENALL INVESTMENTS PTE LTD August 199950 words
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Advertisement7 1999-08-20 16 Index la a relative thing, EM 127 words
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Page 17 Advertisements
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Advertisement1917 1999-08-20 17 I n ■AM m THE SPECIALISTS I SS JOR ■IN RECRUITMENT I I FOR THE ASIA I mtka RECRUITMENT AND CAREER CONSULTANTS H PACIFIC REGION I Cash Management Soles Specialist Field Sates Manager ERP Scries Professionals Corporate Banking Bank Assurance Mid-market ERP Vendor *****,000 Ss2oo/000 per year Benefit* Excellent Rerpuneration1,917 words
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Page 18 Advertisements
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Advertisement56 1999-08-20 18 Full professional after sales service provided. For a FREE copy of our 100 page colour brochure or to arrange a complimentary consultation contact: Ms Florence Nathan, General Manager OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE LTD 26-04 CLIFFORD CENTRE, 24 RAFFLES PLACE, SINGAPORE *****1 E-mail: ocrasingOsingnet.com.sg TEL: (€5) *****82 FAX: (65)56 words
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Page 19 Advertisements
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Advertisement232 1999-08-20 19 vcod.com B ihiICI&M4 H last! a FREE website dedicated to budding technopreneurs, entrepreneurs, small and medium-sized business, business angels, venture capitalists, universities R&D, polytechnics, jF) vocational institutes, accounting and law firms, students, college dropouts and teenagers with ideas... Www vc c m s an extremely simple, user-friendly bilingual English and232 words
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Page 20 Advertisements
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Advertisement1057 1999-08-20 20 ||u To advertise call toll tree 1800 741 1883 "W W ivLO Fa* No 741 1298 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 ANO IN THE MATTER OF AUOLEY PROPERTY ASIA PTE LTD (MEMBERS' VOLUNTARY WINOING UP At an Extraordinary General Meeting c the abovenamed Company deemed to1,057 words
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Advertisement848 1999-08-20 20 IN THE MATTER OF 1 THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF AUOLEY HOTELS A RESORTS ASIA PTE LTD p (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company deemed to be w held on Monday, 16 Auguat 1999, the Mowing resolutions were848 words
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Advertisement271 1999-08-20 20 11l Schroders Manager Private Client Investment Unit Schroder Investment Management (Singapore) Limited, a leading Singapore-based fund management house and a subsidiary of Schroders Pic., the international investment banking and asset management group, is seeking an experienced person to join its Private Client Investment Unit. The successful applicant will assume responsibility271 words
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Page 22 Advertisements
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Advertisement58 1999-08-20 22 i I what a I I y 1 i hi xhe Straits Times cbssHM k rMuv otay pretty t*W» I S I Jm I J I C«p A r iBr> j I I, J I Sa II h k si j I j I 11| i oT Bw i .JM58 words
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Page 23 Advertisements
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Advertisement18 1999-08-20 23 M jj Your weekly guide to pubs and lounges fc every FHday In The New Paper Fastads f&StactS18 words
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Page 24 Advertisements
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Advertisement77 1999-08-20 24 Daniel Jeanßichard aL 4 PRO JUVENTUtE 1941 /»</ i in; 11 ain 111; i in >i/ hi i I 4 •'•''''v'v'l \<.'iu I 1,. i> I! I > 11 nit liiiuik i I I* ii*i ii ili, i -jf' /tint iiiiiiiiihiiii\ 11 ulti\. t CP ~Z~ />(////< ll (111/\'lt llillil77 words
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Page 25 Advertisements
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Advertisement49 1999-08-20 25 advertisement in /DingdonglY f VS ltwassuch \t The Straits Times Classified. Flowers I a nice surprise. J 1 I'd like to deliver a for you,\Tnank you. bouquet of flowers B——. ]s, f BuvlM or selßftf throofih The Straits Times Classified is child's play. Call CAT.S. at 1800-737-1166. JL.! >v49 words
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Page 26 Advertisements
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Advertisement2082 1999-08-20 26 Going to trade online? II 323-3955 >I<! >1 >SBANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 129 M I la TW Matter af The CtmptalLi Art, Cm. SO I AND la The Matter of Vtatj Realty Pie Ltd fI»M Vnhialiry HRaiwrttia) E> g? thnary ,gg*" l <*2,082 words
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Advertisement313 1999-08-20 26 IN THE MATTER OF THE COMPANIES ACT, CAP JO AND M THE MATTER OF IMOT PACIFIC PTE LTD (MEMBERS'VOLUNTARY WMOMQUP) At an Extraordbwry General Meeting of tw abovsnamed Company duly convened end held etSuftoiO-O-11, Oth Floor Wtoma IMA Damenaore. SO •Jaten Dungun. Damonaara mights ***** Kuala Lumpur. Maiayaia on 17313 words
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Advertisement413 1999-08-20 26 IN THE MATTER OF THE COMPANIES ACT, CAP. SO ANO M THE MATTER OF PASCO PTE LTD (Hi Miiwbsrs' Voluntary Liquidation) NOTICE OF RESOLUTIONS At en Extraordkwry General Meeting of twmembore of twabovonamed Compeny duly convened and held at 00 AcvnireOy Road Weet #02-01, Singapore *****7 on tie 17* day413 words
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EXECUTIVE Lifestyle
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Article, Illustration825 1999-08-20 27 PARVATHI NAYAR - The cold, hard cash may come from the big multinationals, but small and medium-sized enterprises in Singapore are also tmnJong up new and imaginative ways of supporting the local arts scene, pakyathi xatab has the details PARVATHI NAYAR BIG bucks and a multinational corporate profile are825 words
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VIEWPOINT
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686 1999-08-20 28 Jaime Ee - Off the cuff s, Free miles, discount schemes, fee waivers aren't they all designed to make yon spend more than yon intended in the first place? by Jaime Ee IN THE consumer scheme of things, I can say only one thing:686 words
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STRAWS In The Wind
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Article134 1999-08-20 28 SOME real conversations between computer technicians and computer users: A woman called the Canon help desk with a problem with her printer. The technician asked if she was "running it under Windows". The woman responded: "No, my desk is next to the door. But that's a good point.134 words
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Article32 1999-08-20 28 On fate: "I wish my butt did not go sideways, but I guess I have to face that." Christie Brinkley On priorities: "I'd rather exercise than read a newspaper."—Kim Alexis.32 words
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Article33 1999-08-20 28 Quotable quote: "Tax or fine? It's often a little hard to tell; a fine is a tax for doing wrong, a tax is a fine for doing well."—George 0 Ludcke33 words
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Article, Illustration354 1999-08-20 28 JANE LIM, RJ PAPERS WHEN Jane Lim, co-owner of RJ Paper, started sponsoring arts groups, it was not even a fashionable thing to do. As she puts it "Ten years ago, honestly speaking, no one was really as concerned with the arts as354 words
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Article, Illustration364 1999-08-20 28 MRW COVER STORY: THE NEW ARTS SPONSORSHIP DICK CHI A, HELU-TRANS k "WHAT excites me is the logistics of handling art. It's a challenge, a big one. Everything has to fall into place," says Dick Chia, managing director of Helu-Trans (S) Pte Ltd, an364 words
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Article, Illustration322 1999-08-20 28 LIM CHIN MING, BAN HIN LEONG GROUP THE ROAD leading to arts sponsorship can seem tangential, even serendipitous. Ban Hin Leong Group's Lim Chin Ming recalls that his personal Involvement with arts sponsorship started while developing a calendar featuring Singapore Symphony Orchestra musicians (1997) it led322 words
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Article, Illustration391 1999-08-20 28 WONG TING MEI, DBS CARD SENIOR manager Wong Ting Mei is the person at DBS Card Centre approached by arts companies looking for support and she's the one who takes those important sponsorship decisions. The all-im-portant deciding factor, she explains, is "whether it adds value to our customer391 words
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Article, Illustration417 1999-08-20 28 SIM KIAN KIAT, TRANSLINK SIM Kian Kiat, group managing director and one of three founders of Translink (1962), sees in the sponsorship of the arts an "Innovative way of giving something back to the society". It is also an excellent PR exercise. Rather than417 words
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ENTERTAINMENT
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Article, Illustration444 1999-08-20 30 Parvathi Nayar - Compiled by Parvathi Nayar FILM Goethe Film Festival To celebrate the 250 th anniversary of Goethe, four films inspired by his works will be screened. Faust Aug 21 and 27, Clavigo Aug 24, The New Sorrows of Young W Aug 25, Tarot Aug 26; Time: 7pm, Venue: Goethe-Institut,444 words
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Article, Illustration665 1999-08-20 30 Susan Tsang - CINEMA A repeat visit to the Big Apple in this remake of Neil Simon's The Oat Of Towners yields few insights and even fewer langhs By\ Susan Tsang Remakes are generally a risky thing. The Out Of Towners is no exception. In this update665 words
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Article621 1999-08-20 30 Susan Tsang - CINEMA Three Seasons is a subtle piece of filmmaking with a real sense of place and engaging characters By I Susan Tsang THREE Seasons was the darling of Sundance, bagging the Grand Prize at that indie film festival, along with the audience prize and621 words
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MOTORING
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Article, Illustration869 1999-08-20 31 VEN SREENIVASAN - Singaporeans adore its saloon sister. Now, will we also fall in love with the BMW 3-Series coupe? M SBBENiTiux reckons it'll be another happy match for the Munich-based carmaker VEN SREENIVASAN IT WAS just over a year ago that BMW launched its new 3-Series saloons in869 words
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LEISURE
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Article, Illustration1474 1999-08-20 31 PARVATHI NAYAR - Made in Singapore —and going places Imagine a Singapore film with an international cast, Asian co-producers and tie-ups with a Hollywood studio. Far-fetched? Not in the eyes of Daniel Yun, CEO of Raintree Pictures. He tells paktathi kayakhow he intends to take the mystery out of making movies, and turn1,474 words
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EPICURE
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Article, Illustration674 1999-08-20 32 TAN SU YEN - The flavours are fragrant and yet restrained, and the helpings are hearty enough to be shared by two. tamspthm tucks into some good old cowboy cuisine at Santa Fe TAN SU YEN PRESSED for her impressions of Tex Mex, my girlfriend was of no help.ARTHUR LEE - 674 words
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Article, Illustration873 1999-08-20 32 Tan Su Yen - CAFE It has been renamed Island Cafe, Imt the food outlet en the fourth level of G E Tang is still a treat with its warm service and palatable fare By' Tan Su Yen TREATS Cafe in C K Tang used to be oneSIEW YAW HOONG - 873 words
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Article, Illustration242 1999-08-20 32 CRAVINGS THE MID-AUTUMN festival starts next month but already mooncakes of various persuasions are being marketed in Chinese restaurants all over town. Peach Blossoms at Marina Mandarin Singapore is pushing its latest creation, 'The Shanghai Mooncake". This flaky-skinned confection is made242 words
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Article112 1999-08-20 32 HOWS THIS for an example of innovative marketing? Hotel Inter-Continental Singapore, best known for its very pleasant architecture, has hit upon the idea of an afternoon tea with a difference. From Aug 27 to Sep 23, guests can chat or business In the Lobby Lounge over112 words
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Article, Illustration143 1999-08-20 32 DONT just pack lunch for the little ones. Include a note of encouragement from Mum and Dad. The Priorities Shop at Great World City has this innovative set of "Lunch Mail" cards to tuck into i your child's lunch box or back-pack. These miniature M143 words
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Article182 1999-08-20 32 Tan Su Yen - Compiled by Tan Su Yen COLD STORAGE recently launched a house brand, First Choke, which promises savings of up *o percent ratal* leading brands. The exclusive labdwffl carryover 150™ product lines, ranging from food and beverage items to pet food and household products. 80 confident is Cold Storage182 words
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INSURANCE-WISE
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Article, Illustration1052 1999-08-20 36 RAHITA ELIAS - With an annuity, you will receive a guaranteed income every month for as long as you live, no matter how long you live, rabita w.iab details RAHITA ELIAS YOU have been working for about four decades and have reached the pinnacle of your working life. NowFILE PHOTOS - 1,052 words
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UNIT TRUSTS
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509 1999-08-20 37 INVESTMENT consultants William M Mercer has introduced a performance rating system for CPF-approved unit trusts to help CPF members make investment decisions. Ratings are assigned to a unit trust based on an analysis of its past performance relative to a benchmark considered relevant by Mercer.509 words
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454 1999-08-20 37 Christopher Teo - LECTORS Christopher Teo Executive director JPP Capital Advisory Q: I have never invested in a unit trust before but am very interested in doing so now. However, I have a few queries I was hoping you could help me with. From what I have454 words
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Article1012 1999-08-20 37 UNIT TRUST/SECTOR (0 MONTHS 29JAN99-13AUGM) CHANGE BENCHMARK CHANG* 1 Five Arrows SEA Special/FE Pac EQ* 78.89 M6CI AC Far East exJap 36.23 2 Aberdeen Spore Growth/Spore EQ 77.28 Spore Straits Times 37.92 3 UOB United Japan Gth/Japan EQ 75.24 MSCI Japw Small Cap 27.91 4 Aberdeen Spore/Spore EQ* 72.14 Spore1,012 words
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PERSONAL INVESTMENT
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Article, Illustration866 1999-08-20 38 Madeleine Lee - THB FXMER POIMT Benchmarks will come and go, but good positive returns will always appeal By Madeleine Lee The writer, a CFA, was former managing director and chief investment officer ofCommerzbank Asset Management Asia AFTER the announcement by Morgan Stanley Capital International (MSCI) last week,866 words
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527 1999-08-20 38 Rahita Elias - Counters trading at discounts to investment house's fair values By) Rahita Elias OUB, ANA Hotels and ST Engineering are currently among the favourite stocks of securities house FraserAMMB Research. Head of research Violet Soh said in a report issued early this week:527 words
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Article, Illustration377 1999-08-20 38 MOST investors would have figured out by now that investment decisions are a matter of balancing risk and reward, with the assumption that a low risk investment would give correspondingly low returns. Diversifying across different asset types has also become an investingSource: - 377 words
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Article, Illustration951 1999-08-20 38 Companies can learn a lot from billionaire investor'! annnal tirades against corporate follies FT [LONDON] Warren Buffett, of course, is the richest portfolio investor on the planet For decades, his annual letters to shareholders have lashed corporate folly or malpractice. MuchFT - 951 words
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972 1999-08-20 38 P»po«*«WMnt i Mrti D«podl iwcunt H—» Mm »w» DBS Bank Mmmmmmmmm HSBC M A| S10.000 A24.9M 4.1200 4.1900 4.4600 28,000 74,999 3 8250 ***** ***** A29.000 A49.999 4.1400 4.2100 4.4700 75,000 149,996 ***** ***** 4.3128 Dmfc C$ 310.000 0m99,999972 words
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PERSONAL FINANCE
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Article, Illustration1050 1999-08-20 39 RAHITA ELIAS - Citibank, Cathay Pacific have relaunched their Visa frequent flyer tie-in that allows members to chalk up points faster, says bahitablxas RAHITA ELIAS IF you are looking for an opportunity to chalk up those frequent flyer points faster than ever, you can do soFILE PHOTO - 1,050 words
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Advertisement52 1999-08-20 27 gfc. Xv-*. I 1,1 i—-TT—iljj CHRISLOH FILE PHOTO HRISLOH CHKI3LOH CHRISLOH AJTHUR Ttt friends OP THE ARTS: (from left) Dick Chia of Helu-Trans, Wong Ting Mei of DBS Card Centre, Lim Chin Ming of Ban Hin Leong Group, Jane Lim of RJ Papers, and Sim KianKiat of Translink. How they're52 words
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Advertisement79 1999-08-20 28 CAST YOUR VOTE: Go to the BT Online website (business-times.asia I.com.sg) and take part in the interactive poll based on this column. RESULTS OF LAST WEEK'S POLL Will we ever see a woman become the President of Singapore? Let's not be too ambitious. I'd be happy just to see a79 words
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Page 28 Miscellaneous
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Miscellaneous261 1999-08-20 28 CRYPTIC CROSSWORD IfIMH 5 Father has unfinished tale for MB minister (6) 9 One viewing house may be I I I very sour (8) 10 Show as false strong faith (6) 12 Found words for newspaper 16 Act vainly for play's cancelled H[ 19 Not successful in bringing I i261 words
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Advertisement1220 1999-08-20 29 You mflv nAT rftntltn Trite hut I IfM ArAim a C# 1 has played a part in every Singaporean s p\ll^ iJ life for more than 40 years. Young or old, you would have used a subscription as an insurance against Y UN HOME SERVICES Scheme comprises 3 parts, facility1,220 words
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Advertisement164 1999-08-20 30 Where to wine, dine and entertain...^ Every Saturday and Sunday pamper youraetf from aa early as I 12 00pm 10 our fumptuou* High Tea Buffet o< popular Ajian and Wfrtern tweets and mvouries at Call Victeria. CALL: 330 3585 OR 330 3590 FOR RESERVATIONS 76 Bra* Bamh Road, Singapore *****8164 words
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Advertisement59 1999-08-20 30 avauaofe tot r private parties company dinner and dance conference seminar and meeting. HOTEL QftAND CENTRAL UNITED 22 Orchard Road/Cavanagh Road, I Singapore *****7 I Tat 737 9944 Fax: 733 J175 I Advertise in Wine, Dine Entertain of The Business Times. Contact Patrick Ang at 740 1284, Amy Choo at59 words
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Advertisement138 1999-08-20 30 I tHh I $9JTOM I $ISJO»~A** $IZJO»"CMd I *®«flow of Orange juce. Coflte® and too I f& reservation, pba* cal 433 1132 I CohmaniCatß&htovlX PmnlrmJo Hot# I. tv«ry Saftirrfsy and Sunday H »«^H4p« II Trad your fomiy la o sumptuous spriod ol Ivor M I 40 voriito in owr MfofaW138 words
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Advertisement114 1999-08-20 30 For those who prefer leu meat in their diet, our chefs at Hua Yuen Chinese Restaurant have prepared a special vegetarian a la carte menu for your dining pleasure. lake your pick from 10 exquisite dishes, including Sweet Rice Roll with Beancurd Sheet and Fried Vegetarian Prawn with Walnuts. These114 words
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Advertisement120 1999-08-20 30 Showing at Lido cinema. Rated PG. 13 TO 20 AUGUST 1999 Buffet Lunch S2B <■**) 518— (child) Buflet Dinttp l 1 *®H W5m (aduk) J2K (ch^) The Behnedat < 4d > fox* Main Tower) Reservations: 831-6288 333 rch ft Ro i 'IP" 239*7 *****411 Hi^Bi Q-Cc *H> CrQSS»O*JIS C«»P< 11120 words
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Advertisement23 1999-08-20 31 Eftcct alter one Laughing Buddha Martini Eastsidet i >! >: I I mi M< ii .Jiu Sir! I< I opS \i (lock-tails' Sushi int s23 words
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Advertisement168 1999-08-20 33 I EXCLUSIVELY FOR SPH NEWSPAPER READERS I I 1,000 PRIZES PLUS TRIP TO PERTH! mi I g |,K()| l>n I*lxl M I s I ''M i IrrtM V/Vw I I I lu* Grand (liapiu*an at The Padan« I I i>! I t t li 11 I>\ I I.IIU (i >||t168 words
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Advertisement2806 1999-08-20 34 TODAY'S TV iHMiiMi mnOilinilfPßD fIUWIJIU WMBWBiIB Asian Market Report. Austin Power* The Spy Who ShagvedMa. The sequel. 2L30 PM TV Innovations. 6 oo Headline News. Causeway. T Aim wrVinn hero is found shot In the *-00 Kldz Blitz: Here's Hum- 03 In Conversation. LOV 6, W nen J e J?®2,806 words
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Advertisement75 1999-08-20 35 Congratulations to APRIL Fine Paper The Global Supplier of April Fine Paper Trading Pte Ltd has been awarded the Approved International Trader status by the Singapore Trade Developmen||pard. lfe«* HIAP MpH CORPORATION LTD SHRIRO PACIFIC PAPER (SINGAPORE) PTE LTD "'"'V s B I wr I m THE DOCUMENT COMPANY W75 words
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Advertisement223 1999-08-20 36 We hope you enjoyed the eighth of our 13-week series on Insurance-wise, brought to you by Great Eastern Life. You can view this article as well as previous weeks' articles at our website at www.gellfe.com.s9 What's more, here's a chance to win a Getaway Pockage at The Beaufort Hotel Conference223 words
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Advertisement279 1999-08-20 36 brought to you by (w) Great Eastern Life rJXitL fii-ii .il-' i .r Two oul of ihree Singaporeans w ill lick at least one l>ox. Wkal are your ckances? 1. Cancer 16. Heart Valve Surgery 2. Heart Attack 17. Loss of Speech 3. Stroke 18. Major Burns 4. Coronary Artery279 words
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Advertisement79 1999-08-20 37 You can send your queries to Executive Money via fax 739-5271 or e-mail execmon@sph.com.sg. Your queries will be answered by a professional financial planner, investment adviser or banker, depending on the nature of your query. As the replies will be obtained by Executive Money, there is no relation between the79 words
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Advertisement120 1999-08-20 39 r r ■J\ SP LSPH NEWSPAPERS SALTIMBANCO" EXCLUSIVE AT THE HEEREN SHOPS TICKET PRICES child Categorv A $120 $84 Lucky Dip :Be amongst the early readers with entry coupons to buy the first 1,000 Saltimbanco tickets at The l Category B $80 $56 Heeren Shops. One dip per ticket purchased.120 words
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EXECUTIVE MONEY
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Article, Illustration862 1999-08-20 40 WONG WEI KONG - New proposals by a working group on financial security for S'pore's ageing population may revive the debate, womq wbk bono reports WONG WEI KONG IS there a place for private pension funds in Singapore? This is something that has been debated ova- theFILE PHOTO - 862 words
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Advertisement197 1999-08-20 40 Investment Much ado about indices, EM 12 v y t lveryo? 0 knows that ci'versi-cation is essentia! in a successful investment portfolio But now do you know if you are diversifying effectively? In the sea o f investments, diversification is more than ju »tnicking different products. hat s why The197 words
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Advertisement7 1999-08-20 40 Finance Getting more mileage shopping, EM 137 words
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SHIPPING TIMES
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Article295 1999-08-20 41 Reuters Bridge News, A3&ANTIC Panamax activity was negligible and little new business evident, although rates remained firm. Activity picked up for Panamaxes in the east but rates have eased. Again there were few capesize cargoes auotsd. Little happened to disturb Tuesday's picture, Clarkson Securities Ltd said in itsReuters; Bridge News, - 295 words
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Article231 1999-08-20 41 CWT D>*»MUl)il 1.26 0.02 69 CNMtiHup US -0.01 156 Caaaahwaatmant—US unch 20 FrWoM UnfcJ 0.33 -0.01 2439 0CmMn«i 0J9 -004 M HaiSunHu* 0.70 -OjOI *73 MC —5.60 gndt 0 Jays Ho4d*H»__..0.9S -OCT '35 Jarana SMpyard —7.40 OJt W3 RapaJcarv 5 70 005 1523 Kaaaairtu US an* m Knw231 words
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Article, Illustration517 1999-08-20 41 Marcus Hand - Rollover of older Global Positioning Systems takes place this weekend By\ Marcus Hand [SINGAPORE] Shipping companies and ports are gearing up for possible disruption to ships' navigation systems caused by the rollover of older Global Positioning Systems (GPS) this weekend. GPS receivers areFILE PHOTO - 517 words
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707 1999-08-20 41 Selva Kumar - ADMIRALTY CASEBOOK By Selva Kumar A SHIPOWNER which did not sign and return a copy of a voyage charterparty to its charterer has paid dearly for the omission. The failure has meant that the owner could not claim demurrage707 words
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297 1999-08-20 41 Unit P6O Ports will manage USs24om container terminal for 7 years Bloomberg [CANBERRA] P&O Australia Ltd has joined John Keells Holdings, Sri Lanka's largest listed company, to build a US$24O million container terminal in Colombo. The terminal will be Sri Lanka's firstBloomberg - 297 words
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224 1999-08-20 41 [SYDNEY] P&O Ports said yesterday it had concluded new enterprise agreements with employees at Australian container terminals and main bulk stevedoring facilities. The new agreements follow more than six months of site-by-site negotiations during which no time was lost due to industrial action,224 words
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278 1999-08-20 42 Bloomberg [ROTTERDAM] Royal Nedlloyd, joint owner of the world's No 3 con-tainer-shipping company, P&O Nedlloyd, said second-quarter losses widened, mostly due to deteriorating business at the shipping venture. The loss from ordinary operations grew to 23 million euros (5540.6 million),Bloomberg - 278 words
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Article, Illustration12 1999-08-20 42 Tanker 0f290,000 dwt 2 million barrel caoacitv12 words
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Article269 1999-08-20 42 PAOC ESP Unas 13 AWL 3 Ewrgraan t AASCO 12 FoongSw 6 Accord e FroU 13 Ahmkiet 14 Fit Links M AppwsiMp 5 6 4 Austral <*nartr» 6 A»ant 14 U BtjnoMas 8 CloryNa* M 7 mswHup 12 ITL 14 HangK T 5 |J^ A J O269 words
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Article18328 1999-08-20 49 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT it age i ETA ETA Adv*rti*»r Vmuj -r-j I ~iM.Vlll A *411 SIM ZT" ZT i!£l£ ETA "A Vm* T^hoo. ■>:WSU, 4m# NurT>0 um0 SIN OwfB N«m. Nam* Nun*ar Numb* I To ABIDJAN (ARIt 9ftA-» a/W 23/09 NGPL CHENCTU VSOSA 15-2Z77W TT A (ABJ >18,328 words
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SHIPS IN PORT
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Article623 1999-08-20 55 V»V wo Bfth Arrival Dapartun n5 XWi jo* nnt/r.45 «vo«/woo U-25 J17 19/08/540 19/08/14:00 PV243 JW 19/08/7:25 20/08/540 -K3 19/08/6.10 20/08/1040 JOB 19/01/755 22/08/1240 Ll4re "C/8 J02 19/08/745 20/08/J-00 2507 2106 J12 19/08/8:10 20/08/840 M5 J06 19/08/t-X! 20/08/12:00 0 SijiMKI ***** J03 19/08/735 19/08/2340 T« Jrtar N 647623 words
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Article1550 1999-08-20 55 RECEIVING OF EXPORT FCl CONTAINERS AND LCI CARGO BooMrq/Mmc* Rstls Ship VoyHo Etb/Btr Ptrted From To FroM OCA 22/1900 U 19/B00 WW 19/7900 WBOO 19,1459 -VX a wmo 20/0199 worn .'I 19/T70C 20/0459 :0-7*0c 1 MM MM WMN 4 20/1200 20/W 20/1700 2V0000 M MM WW WMi ivuoo1,550 words
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Article190 1999-08-20 55 Philippines: National Heroes Day. Aag SO United Kingdom: Summer Bank Holiday. Aa«Sl Malaysia: National Day. Bap 1 Mexico: State of the Nation (optional). Bmp Canada: Labour Day. Luxembourg: City Kemesse. United States: Labour Day. Sap IB Japan: Respect of the Aged Day. Bap IS Independence Day. Sap 28190 words
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Article752 1999-08-20 55 THIS report compiled by Cockett Marine Oil Ltd. shows price ranges In US dollars instead of tingle prices for a more comprehensive description of the market Prices shown are based on averagesixed stem Market movements are Indicated. The Cockett Bunker Price Index chance and the Individual752 words
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Article428 1999-08-20 55 Crtw no Ma WO-O II 173 0.01 rz <yr *"9 E DMttty Motor RmMm Art MmMm SlfciK No Mom £25 0 110 0 1 *0 «5-0 0.4 Hi 0.07 38 0.02 M 1 W" U W w as 0.00 t/v >l "**M Ha Mom 635 6428 words
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AIR & LAND TRANSPORT NEWS
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371 1999-08-20 56 Bloomberg [FRANKFURT] Deutsche Lufthansa AG, Europe's second largest airline, said implied second-quarter net income fell 56 per cent, as its costs rose while revenue was held back as it lowered fares to fill an increased number of seats. Net income in the threeBloomberg - 371 words
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Article, Illustration475 1999-08-20 56 Reuters [ZHUKOVSKY] Western aviation firms are keeping a low profile at Moscow's fourth international air show, which this year has taken on a decidedly military tone with jet fighters and helicopter gunships taking centre stage. Despite the biannual eventReuters; REUTERS - 475 words
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Article, Illustration412 1999-08-20 56 A viation sector rebounds to chalk up profits of 262 million yuan AFP [BEIJING] China's aviation Industry, which sank some three billion yuan (*****.5 million) into the red last year, had returned to profit as of July, state media said.AFP; FILE PHOTO - 412 words
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143 1999-08-20 56 AFX-Asia [MANILA] Philippine Airlines (PAL) and Emirates Airline have signed a code-shar-ing arrangement effective Sept 1, a PAL statement said yesterday. The agreement will give PAL a seat allocation on each of Emirates Airline's three non-stop flights per week between Manila and Dubai, it added.AFX-Asia - 143 words
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307 1999-08-20 56 Passenger complaints of privatised railways at record high AFP [LONDON] British trains are Increasingly prone to delays, cancellations and overcrowding, and the number of complaints from passengers has soared to record levels, a consumer group revealed. Issuing the second batch of gloomy statisticsAFP - 307 words
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274 1999-08-20 56 Reuters [BOSTON] The executive director of the Massachusetts Port Authority submitted his resignation on Wednesday, shortly after a front-page newspaper story, with photos, showed him aboard a Bacchanalian cruise, during which a woman bared her breasts. "Recent errors in judgement byReuters - 274 words
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Article791 1999-08-20 56 crrr man ct< man no uwrc woo >wit»r<wi KU44 0040 SO326 1000 HI 836 2300 LM7I7 2350 ***** 2325 U4587 2350 >K>lM< N***** 2045 ****** 2350 $0285 2045 LM6373 2355 CAM M« 6Q49 org m WffP Ww GA849 1340 C2354 0910 »Nw« MR 0910 8(422 1200791 words
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Page 41 Advertisements
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Advertisement20 1999-08-20 41 Royal NedHoyd's Q2 loss widens to 23m euros Losses mostly due to deteriorating business at the shipping venture. Pag* 220 words
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Advertisement247 1999-08-20 41 China's airlines back in the black in first 7 months Aviation sector rebounds to chalk up profits of 262 m yuan. Back Pa#» Feature August Make waves in a knowledge-based economy Singapore's position as a major maritime hub has never been more important. Especially now that the Trade Development Board247 words
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Advertisement1018 1999-08-20 42 I NORTH AMERICA IWI "m*" n> at ujwt xoi ihias mgro otuoo mi row unco otT mat wT T "rvMnm, towru 'wmumbo Si '^awusLwrai' <**!■•**■ 1788 15/U B/N M/M M/N IJ/N IS/H 17/ M B/M |I|E <081 MMM lIM M/M 11/N M/N H/N M/M M/N H/N 11/ M SS2SSL Z1,018 words
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Advertisement416 1999-08-20 42 For Complete Schedules Information turn to P&* 5 Ewooy >ku id W^^^^ss^^^v7«ri^^^rrir>?7?i/cSS^S>So!/SoS?HS7»SS!iw!o/S!!/5S^^^^^^I igwMi mi mm wjm mm mm mm tut —»w* rm liuil mm u> kimmm wm Icm Ivmlmml hm tut' "mm" vm HOT ~lmlur tavutt MM HM VM VM lIM I MjW MM IftM 11M lIM lIM —c—M «i»416 words
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Advertisement124 1999-08-20 42 Lfewa J. aarvtcaa rapraaaoiad by Mambart o< tia Ragiatry of MambanafVw AocradHad Shipping Agants, Singapore Fr*gN Forwardare Sfrw National Shaping Aaaoc NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBUIX PROJECT CARGO TO DAMPIER/FREMANTU (MONTHLY SBVIO) MV "TBN" ETA SIN 26/08/99 BOOKINGS CAII MOMCA/JUUA TEL 323 4374 oSSSST/ CONVENTIONAL CARGO KUM/wuraK/Mura 1124 words
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Advertisement996 1999-08-20 43 TO EUROPE FROM EUROPE wr siin»«iiwM»sninTiH rasa wffiwMßiwiwvioußTia aw NaCYPRINE OI3W 23/00 09/09 11/09 14/04 00/04 MX AMAZOMTI 0231 31/07 It/07 29/07 2*/07 10/00 KY UfOW 321W 20/00 11/09 15/09 10/09 13/04 HT GENERAL 3141 10/07 31/07 03/0010/07 21/00 HOI lOUTI 015W 27/00 12/00 14/00 17/00 11/00 NOIfINS 0101 01/00996 words
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Advertisement1296 1999-08-20 43 6?) HANJIN SHIPPING I -uk an looiailt nMn^n? smb. annua pocmai ********** ofa*no«s ********** mo u» *****5s fai *****10 amivywoooo.! TO NW USA A CANADA USA CANADA* I"" I "SnfiiAw |sa|n»|Be.| TO |o.j^| w P nl« H i| wt l W) m m m —r »iz z :z n/ ~/w1,296 words
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Advertisement310 1999-08-20 43 PUiiT CONTAINUIfD PIPHATID SIRVICIS wsa wr_ _m_ re wr mmt ja_ jjs«_ |<ssa jwTpTTre Iwssa wTIsSTHtn mwhowmw wis iva i7m wn iva nm H/m vm vm I «aup ww mo ri/w jvoo_ n/» p'lJSnlP Ulii I {fgl i; 3 "KWMi _»m_ jmi vm w/w 3i/w oi/w ISjI ill I^3lShl mwma310 words
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Advertisement1442 1999-08-20 44 DSR-SENATOR LINES TO UK/CONTINENT TO MEDnTBBRANEANCANADA ■g wy aw jg iw m. mm m» m «a wv «w an iw fos wx nm PUSM SENATOR MM 17 M HI M M H-M 17 M MM M M PMBWOSaMTIM VMM* 11M M M 07 M MM 11M tl M TMOtnOMTY warn1,442 words
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Advertisement933 1999-08-20 44 l-|V/\~ J SBU: (084) *****9 MAMLA (632) *****24 PENANG: (04) *****36 BANGKOK: (882) *****57 SURABAYA: (31) *****11 P. KELANQ: (03) *****77 JKT (21) *****46 KUCHMQ (062) *****1-3 I AUCKUNPAYniITON MV "PAO NEDLLOYD NAPPIER" V.9222 MV "HANJIN PORTLAND V.034W nA S|N 26 Q8 ETA SIN 23-8-99 Abo No^/Dun^ PENANG MANILA MV933 words
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Advertisement502 1999-08-20 44 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO Vmai S PORE H SHCVA COLOMBO P KLANG CAPE CMNML W.llM> 23 MM 31 AUG >7 SEP 12 SEP HUMS Ilia SI AUG 17 UP 14 SEP HUP TARPON SILVER VII3W M SEP 14 SEP fISEP 2* SEP CAPE CANAVERAL V.IIIW 13 SEP 21 UP502 words
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Advertisement1514 1999-08-20 45 VECTB. VOV KHH HKO MM PKQ PQB PXB DNMA BA ONC IRAN TA6ATABAEI PCL-6116 18/00 20/06 24/00 25/00 03/00 04/09 06/00 07/00 00/09 IRAN SATTARI PCL-5117 26/00 27/00 31/06 01/00 11/00 12AM 13/00 16AM 17/00 MAM TEYFOURI PCL-6118 01/00 03/09 07/00 06AM 17/00 18/09 19/00 21/00 23/09 IRAN BAABAEI PCL-51191,514 words
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Advertisement956 1999-08-20 45 SMm% HMn NMhk, |^§Di |b f| (Via I SINGAPORE'S GENERAL AGENTS: 80 ROOINSON RD TEL 226 1900 FAX: *****08 OUTWAID (IA) "KWOMO^ COSTAR SNIPPING PTE LTD #12-00 SAIES/kgs 4Tos<s7/m mwakd DOT (D/ 0) *****85 COSTAN AGENCIES (M) SDN BHD axch ii7>7iwoo« swGtfotioatfi ammom *****50/55 i/awppgr *****25 tilo2-07-35 mihhulmSmsSito VS/WT WSMAOWMystw956 words
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Advertisement799 1999-08-20 45 IMOPEEXPttSSSHMCt EXPORT IMPORT mmajiniiiiE iimiim TIANSWAOWC SBtVlCt EXPORT IMPORT msa [~vot a ILa qai |w»*»c*«ob w«S Twr tm om —m nm sua Sfg -gfgIMVICI won IMPORT MjagAwm wa nm Inm nyit 1 «/ii gSgiw TwiiT i»l ii/ 5 nm n/w iAST/WUT MEDmSULAMiAH »CTVICtAISK IXXOItT IMPORT l&Jffwl.flLlAl.ftlJt.lJK.lJßUJJUß, IS lAIAIAIAI.&A ffwwn y799 words
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Advertisement1019 1999-08-20 46 EUROPEAJX/SCAMDIMAVIA/FlllLAIIIMttmiA I ran ROM HN TV 2EE LHV I LHV THP MM AJfW HM PKL MP I I Sfusht' £2 ?!2 J52 Jl2 122 IJ2 IMI 1 CPUTI MW 2W tiff »«7 r« HM CM Ml I I 22 152 22 U2 22 £2 HIT n« Mi HM im mi1,019 words
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Advertisement426 1999-08-20 46 r PACIFIC INTERNATIONAL UNES (PTE) LTD I 2=555: S amm I«oCeci Street, *****0. Cfr MO **********6 I aman r,i— "g aflUa I™«S» i» I iffl I .rt 11/t I{3 S3 I iitl I I is. 1 "IMS hb 5 5& MS I MSQKQHWK rfmm^mmkmm^gmuaA ohowmb 11 rß^^HfrfTHHai^ r; R ro426 words
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Advertisement319 1999-08-20 46 a teuk hmkah mmo m rmrnm rrimi iiiw— n TEL *****11 (6 Until FAX: *****05 TLX: BS ***** CR NO. **********0W wr en no oanMnm uimm «7m amm amm kmtwnuwktwtsjwk naMMA mm 22mm amm mlhmmb/pil mlam rmmm mm tmm tmm ialam ummu mm tmm mmm ramNM SEASPACE SHIPPING (8) PTE319 words
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Advertisement452 1999-08-20 47 I BSA I, VBF9^VV99^^Hf M MYANMA UHMk FIVE STAR UNE f (MyoMMr Notiotol L)m) Ik Ym|oi (Rm|mi) msa vot sm fu m rai SAGAMG MW SID KING TUNG «W SU> MALAYSIA AGENTS: OOUSTEAD SHIPPING AGENCIES ML TH (03) *****00 WL TH (03) 37M101 rot m (04)2****** PGU: m (07) *****21/4452 words
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Advertisement1357 1999-08-20 47 HMM=:= HYUNDAI MERCHANT MARINE CO., LTD. Ivesa wr |T1 sou ifli tm m\ hmi| m m Iwssa wrlsool iB4 lim I aoot nmo wrv ii^gn MAAS S3IW 20/00 10/0* 11/ M OS/09 07/04 WTGQIAI SNfj |*/*7 04/001 31/07 03/00 21/00 NdCYPOM 013W 23/00 00/04 04/04 11/00 M/ 04 NOIBB o*l1,357 words
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Advertisement780 1999-08-20 47 IWALLENIUS WILHELMSEN TO NORTH AND LATIN AMERKA "CAR RORO HEAVYUFT SttVKE* |VBSa I VOT lIAMP HBGHT SM UX OL MA SAV ML Otf NYC KW Ml TAMO ANO4 400k. AJa "***** ~jT7oT*7oo"wrros7io~Wir«7iTT#7iTWfTWii~ TOURCOM6 AHOS 4001 m LM 10/00 11/10 10/10 22/10 24/10 24/10 27/10 20/10 02/11 M/ 11 |wwu AHO4780 words
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Advertisement987 1999-08-20 48 MHiKOMW TA PHUT/LAAM CHAAAMOI JAKARTA/PANJANQ VESSEL VOY BKK MTP LCH VESSEL VOY SIN JKT PJN MATHU BHUM 428N 21/08 28/08 24/08 QURU BHUM ***** In Pt ~~22/06 I XETMABHUM" 287N 22/08 28/08 28/08 AKA BHUM+ 3878 21/08 28/08 ULA BHUM 119N 24/08 27/08 28/08 ANRO JAYAKARTA* 101 21/08 24/08 ANA*987 words
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Advertisement474 1999-08-20 48 VILE OE TANYA TXtN »S> ~«S 55 ISS~ S~ S--S SS HnT~ MLLE OE ANTAREB ~~L33W i 560 woo 5*5 OVl I w iw w Qgno oano ono oano 11/10 I q^* w pq,w I I NORASMSMARMH aBOW ZM» |HBfic==S=SzS=HS~a~S~BS~S~3Sir/« --S I VJLL£ X LJBRA J22L ItA w» 27/W 3M»474 words
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Advertisement50 1999-08-20 49 la i m 1 (Uffo TF4kWtW ft WWtW Calling More Than Round-Hw-wortd Conb*w Bwvk* 1500 Worldwide Destinations. Find out more on Pg 13 For Complete 6 *US WEST COAST Schedules middle east INDIAN SUB-CONTINENT Information Check Out Our Details On Pg 7 Daily Turn To Pg 5 D'OCEAN LINES I50 words
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Page 55 Miscellaneous
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Miscellaneous121 1999-08-20 55 LEGEND: R Thundervorm Temperature *q 7 Shower Weather Wind direction with speed ri knot* ee Ron Cloudy Sky Wov h Siirfje# winds or* indicated by arrows which Hy wrfh the wind One fu« circle represents calm or and variable wind* One hoff Heche represents 5 knots L— One Mfleche repr121 words
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Advertisement123 1999-08-20 56 By Appointment a* Neieon Wheeier Coroorate Advisory Servtcl^^^^^^^B Assets of 4 Hong Kong Construction Companies n| (In Voluntary Liquidation) CTMIM f^KjQ 1996 Lettherr Fu#y Hydraulic 120 Ton Crawler Crane, Modal HSBB3HO c/w 2 Hook Biocka. 2 Wlnchee and A/C Cabin. 1995 IHt FuMy Hydraulic 100 Ton Crawler Crane. Model •OCHIOOO.123 words
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