The Business Times, 26 October 1999
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1999-10-26
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The Business Times
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Title Section12 1999-10-26 1 THE BUSINESS TIMES 85C SINGAPORE Internet: http://business-times.asial .com.sg/ TUESDAY, OCTOBER 26, 199912 words
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Article60 1999-10-26 1 SB *****1 (+4.98) ■FVBT-SKI U 775J2 (+SS9) n snisa muiEs JJj 28L80 (-1.80) STOCK IIIIKT 1KDJUSB Monday <*««f ■t KLSE COUP ***** +L4I NIKKEI A 17,648.71 *imt JULNGSENG SOTWDEX ikmi JAKARTA COMP __»7.I7 -7.11 MANILA COMP _1JM.4« -M2 TAIPH 7,680.87 +12L24 «EOLXOO«P 798-84 -20.(8 OSA CHINA B 764.0760 words
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Article74 1999-10-26 1 F08EXIATES U8t 81 u#—~ \m S(ffi®/S$per£) 1.669 2.761 ElJBO(USS/S$ per E) 1J06 L77I DM li08 OJM YIN MKJ LS71 RM UN 0.438 ma 7.771 M14 BAHT S&S9 IN) WJPIAH 1316 0.014* •stmmwuu ran sates SINGAPORE* MO KUALA LUMPUR 7.25 JAKARTA 40.00 BANGKOK MOO MANILA 11.00 BONO KONG 8.25 TAIPH74 words
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634 1999-10-26 1 Conrad Raj - l-iriexclusive But new proposal is limited to information abont consumer eredit and credit card spending By( Conrad Raj [SINGAPORE] The Association of Banks in Singapore (ABS) has revived the proposal to set up a credit bureau to gather information on loans and634 words
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Article, Illustration898 1999-10-26 1 Yang Razali Kassim - f'it exclusive From Yang Razali Kassim in Jakarta A STIFF last-minute struggle to determine the outcome of the new Cabinet took place yesterday as President Abdurrahman Wahid tried to push for an earlier than scheduled announcement of the Cabinet, to the dissatisfactionFILE PHOTO - 898 words
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Article, Illustration374 1999-10-26 1 Raju Chellam - US firm explores bringing some of its e-service hub efforts to Singapore By Raju Chellam [SINGAPORE] US giant Hew-lett-Packard Company has discussed with Prime Minister Goh Chok Tong the development of e-services capabilities across Asean countries. Carleton "Carly" Fiorina, HP's new president and CEOARTHUR LEE - 374 words
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Page 1 Advertisements
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Advertisement74 1999-10-26 1 mgmE BT Comment Lee Han Shih on how CPF members are paying dearly. Pg 11 Top stories DBS Land unit buys Australia's Walker Corp. Pg 2 Acer proposes buyback, delisting of all shares. Pg 4 M'sian lawyer makes offer for Gob shares. Pg 7 US-based LaSaNe Investment to set up74 words
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Advertisement6 1999-10-26 1 Towards a clean administration, Pg 176 words
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Advertisement35 1999-10-26 1 "A New Beta Titanium Collection t -.w ;w|9B I \I^IH >w ißfc t'Jp»" i IjS§s?&> "U£ J *3jfc-;•*?? '%oli '/Vv, gg $1 Model: 8081 100% hypo-allergerkc 200% stronmi^j^jSkw 5 'tttgaUMtF-* Available at all leading 'ipiP^35 words
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ON THE grapevine
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Article, Illustration232 1999-10-26 2 IN a recent interview with that wonderful journal of anatomy, Playboy, ex-wrestler and Minnesota governor Jesse Ventura (right) revealed that if he were ever to be reincarnated, he'd like to come back as a 38-double-D-bra. Barron's Alan Abelson has latched onto this confession with much gusto and232 words
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Article82 1999-10-26 2 OVERSEAS Assurance Corporation (OAC) is boosting its profile. It recently started a marketing strategic unit which will focus on branding. Chin Gek Mei, formerly at Overseas Union Bank, is heading the unit with two other people. With the insurance industry opening up, and the number82 words
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Article143 1999-10-26 2 EVEN as banks trip over themselves to sell housing and other consumer loans, few apparently are keen to lend to the humble hawker. According to one civil servant, a number of local banks were recently invited to make presentations to hawkers who needed to take143 words
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Article, Illustration459 1999-10-26 2 Marissa Chew - Australand purchase of Walker will posh its growth in industrial property By] Marissa Chew DBS Land subsidiary Australand Holdings is buying Australian developer Walker Corporation for A 5245 million (*****.4 million) to help push growth of its industrial property business. Australand is459 words
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Advertisement29 1999-10-26 2 Poetry in Motion Its upper back as your upper back Its lower back as your lower back Its seat as your seat Its arms moves as your arms moves.29 words
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Advertisement73 1999-10-26 2 Leap is the first chair that contours to you and your spine.. .and not the other way around. See for yourself. Test sit Leap at Steelcase Office Solutions Pte Ltd .just for the health of it. For more information please call Ms Penny Ang at 738 5225 St^caseOtficeSolutions offices that73 words
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Advertisement426 1999-10-26 3 Unleash the power of foreign currencies. K»|l|| Bj Bi Bj ■t >r 'H' °lDCS|B7O§k I Bj B B Hi W^r lllflfß Ifxwflß r~M I I B*' ■I 111 w 2B> *'*.i |S||K»! ail iiiibmi <2® &<£m v jk* r^m MHHM j&Bj rfCtH H V>W wT H *%mEL H m I426 words
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Advertisement123 1999-10-26 4 I iB I ||ipf mU v. vmiJliii'iiMMfc |HH i y > iSM ifes? S& BEL Wf r f W ■BHtKB H mninm.w Jnemm m BSSHm 4 1 h K W M L fck. X h| flflf nJm \Wm v m M a x FV <y jjfe-: tfill HHHB JIHKMi A123 words
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Advertisement611 1999-10-26 4 Seminar on Regulations and Taxation for Banks and Merchant Banks In a dynamic business environment, it is important to take a fresh look at regulations and assess its impact on banking operations. This seminar will address banking regulations and current interpretation of banking laws and systems of internal control that611 words
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SINGAPORE companies
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501 1999-10-26 4 Audrey Tan - Premium: 76% over last traded price; exercise to cost USs73.7m By- Audrey Tan ACER Computer International (ACI) is proposing a buyback and delistment of all its shares, at a hefty 76 per cent premium over the last traded price. The501 words
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Article482 1999-10-26 4 Toh Han Shih - SingaTrust also plans to list two units on Nasdaq in two to three years By' Toh Han Shih THE SingaTrust Group, a local technology firm, plans to list on the Stock Exchange of Singapore mainboard in six to nine months, then list two of482 words
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Article, Illustration744 1999-10-26 4 Andrea Tan - PEOPLE Jannie Tay tells hew The Hear Glass' shift in focus has paid #fl Byt Andrea Tan THINGS are looking up for luxurious watch manufacturer and retailer The Hour Glass after two years of tough times. The company has inched away from its "super-rich" customers toFILE PHOTO - 744 words
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Article, Illustration366 1999-10-26 5 Teh Hooi Ling - Pi'Rvi listings CTBR is involved in building, operating, managing China toll bridges and roads By' Teh Hooi Ling CHINA Toll Bridges Roads (CTBR) has received in-prin-ciple approval for a primary main board listing here. CTBR is a specialist infrastructure company principally engagedFILE PHOTO - 366 words
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Article, Illustration364 1999-10-26 5 Marissa Chew - Analysts point to weak market sentiment, hot competition in construction industry By\ Marissa Chew ANALYSTS have recommended a stag on the initial public offer of IRE Corporation, pointing to its reliance on the construction industry as weU as the relative low price of the offer.364 words
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Article858 1999-10-26 5 catherine ong - ■r.y^iocks^r catherine ong WHEN the share prices of DBS Group Holdings and Singapore Press Holdings (SPH) tumbled recently after rulings by the Monetary Authority of Singapore (MAS) and the Ministry of Information and the Arts (Mita) on Brandes and Capital groups' purchases, the wags at Raffles858 words
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Article, Illustration537 1999-10-26 7 Reuters NATIONAL carrier Singapore Airlines is likely to produce rosy interim results boosted by an upswing in passenger traffic, aviation analysts said yesterday. The airline is expected to report its earnings for the six months ended Sept 30 on Friday. Analysts forecast that SlA'sReuters; FILE PHOTO - 537 words
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538 1999-10-26 7 Eddie Toh - She's willing to buy some shares at 10% discount From, Eddie Toh in Kuala Lumpur AN unknown Malaysian lawyer who would like to remain so has emerged as the latest contender for the frozen Clob shares, offering to buy some of them at538 words
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351 1999-10-26 7 Macabe Keliher - Bill passed; Sing Tel said to be looking at investment in Koo's telecom consortium From Macabe Keliher in Taipei FOREIGN investors, like Singapore Telecom, will be able to take majority ownership of companies vying for a slice of the island's fixed line telecommunications market351 words
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Article143 1999-10-26 7 [SINGAPORE] Shares of DBS Group Holdings rose 40 cents to $18.40 yesterday, a gain of 2.2 per cent, on expectations that it will announce a tie-up with American Express today. Despite a generally lacklustre and quiet day in the wider market, DBS still managed to143 words
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Page 5 Advertisements
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Advertisement41 1999-10-26 5 IPO IRE Corporation 23 cents 9.6 x 15.6 cents Construction >. us I PRIMc OFFICE prime 41 WAREHOUSE/ FACTORY SPACE FOR LEASE A-Z Building For details, please call owner ■M" I Ilj i i' i Telephone 437 6853 437 6872 534 313241 words
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Advertisement308 1999-10-26 5 Is your server designed to grow Some things seem like they could on our bulletproof Solaris'" operating with you Over the grow forever. Take the ever-expanding environment, you can power your long haul? workgroup. While putting more and Windows, Mac and UNIX desktops. more strain on systems every day. We308 words
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SINGAPORE markets
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Article376 1999-10-26 6 Stocks Voksna Kappat LandSOc 6,088,000 AMFood&PropUS$ 5.988.000 Qottan Agri US10c 5.693,000 *Gar*nQ»nt.— 5.664.000 STEnaQ 10c 4.808,000 *TanCnonglrit50c 4,608,000 CM Tatacom HK75c 4,324,000 QES (rrtl Ltd 20c 4,272,000 8tngTai15c 3,832.000 SunwayWIHKIOc 3,683,000 Stocfca 8 DBSGip 19,752,635 SPH— 18.801.040 Kami LandSOc 14.779.790 SIA 14.565,460 0C8C- 13,166,600 C*yDsv50c 12,154,326 STEnofllOc 11.901,630 aTal15c 11,472,586376 words
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Article, Illustration581 1999-10-26 6 r. sivanithy - |:i I comment STOCKS r. sivanithy IT was a frustrating session yesterday on the local stock market as prices weakened gradually throughout the day despite a strong rally on Wall Street on Friday. Liquidity continued to remain as low as interest levels and581 words
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Article, Illustration197 1999-10-26 6 R Sivanithy - WARRANT WATCH -By R Sivanithy DURING the huge liquidity-driven rally in June and July, Liang Huat Aluminium's warrant was one of the market's best performers. Since then, however, the combination of trading curbs by brokers and rising US interest rates have197 words
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Article, Illustration270 1999-10-26 6 Wong Wei Kong - HOT STOCK fvwi j -ty Wong Wei Kong SEMBCORP Industries shares rose sharply yesterday, finishing among the biggest net gainers on news that it was listing its subsidiary Singapore Food Industries (SFI). The stock closed up 12 cents or 5.8 per cent at its day-high270 words
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Article92 1999-10-26 6 Tuesday, Oct 26 Singapore ♦Bam. Press briefing: International Swaps and Derivatives Association's AsiaPacific Regional Conference ♦9.15 am. PUB Y2K programme and readiness press briefing ♦10am Sony Singapore officially launches Wega DRC ♦10.45 am DBS announces strategic alliance with an international financial institution ♦Ham. Robinsons holds press briefing92 words
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Article, Illustration503 1999-10-26 6 larry wee - -H comment CURRENCIES Rupiah strength shores op Sing dollar and baht against greenback larry wee THE US dollar had a mixed session yesterday, strengthening smartly against recent favourites like the sterling pound and the euro in a carry-over from New York trading503 words
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Advertisement137 1999-10-26 6 1* i:! ■> a t iHBa A, <- M -x-m. i*> ME > All the signs say you'll be better off flying Emirates to Europe. Fly Emirates First and Business Class to Europe and enjoy a 35% discount on airfares, plus a free return economy ticket to Melbourne. Meanwhile, on137 words
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Advertisement23 1999-10-26 6 To make money from the market you need the best ideas. Get some, by signing up with DBS Investor Online at 325-3955. gjDBSBANK23 words
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Advertisement30 1999-10-26 7 t t s I/. w w j V ,v L ■> r ,v y > > i > ••j r > 4 f V, Sa(vnTh^fam&a4Mur~ I'aragon Sunlcc ily Mall Iselan Smltx S»»;m» lakasliimaya Doparlmriil Slurf30 words
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Advertisement129 1999-10-26 7 4., The future is looking more affordable. Jm I A Does the Mercedes-Benz A-Class take your fancy? It's not surprising. This revolutionary new car is really turning heads. Now it's even easier to own. For just $888 a month, you could be driving this trendsetting car. Also enjoy one-year complimentary129 words
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SINGAPORE news
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Article, Illustration487 1999-10-26 8 Quak Hiang Whai - SM Lee s&ys this can spur development of regional capital market Reports by Quak Hiang Whai in Hongkong THE stock exchanges of Singapore and Hongkong should look into linking up trading in their markets for highgrowth or high-tech start-ups to createTHIANG YU MING/ZAOBAO - 487 words
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558 1999-10-26 8 Different groups need to arrive at social contract: SM SENIOR Minister Lee Kuan Yew yesterday blamed accelerated political reforms left behind by former governor Chris Patten for sabotaging the current political, economic and social systems which have now made both the running of Hongkong and558 words
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440 1999-10-26 8 Carol Eng - p:il exclusive By\ Carol Eng LASALLE Investment Management, the world's second largest property asset manager, will "soon" establish fund management operations out of Singapore. US-based LaSalle Investment, which now manages over US$2O billion (5533.3 billion) worth of funds, is understood440 words
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278 1999-10-26 8 THE NTUC Income Insurance Co-operative will reduce its board rate for housing loans by half a percentage point to 4.75 per cent, effective Nov 1. The cooperative said the new board rate would apply not only to those making278 words
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226 1999-10-26 8 SINGAPORE-BASED Peak Pacific Investment Company has acquired a 70 per cent stake in a 100 megawatt coalfired power station in China for US$2B million (5546.6 million). The plant, Peak Pacific's largest investment in China to-date, will sell electricity to the Gongyl Power Bureau226 words
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Article, Illustration355 1999-10-26 8 Toh Han Shih - By* Toh Han Shih THE Internet will be on your dishwashing machine, television, handphone and car, not just your computer. This is starting to be a reality and will become widespread in about two years, said Sun Microsystems' chief operating officer355 words
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Article, Illustration609 1999-10-26 9 Kalpana Rashiwala - I si I exclusive Tender said to have drawn 7 bids ranging from abont $300 to $350 psf of potential built-up area By. Kalpana Rashiwala FIRST Capital Corporation (FCC) has emerged as the highest bidder for the freehold residential plot atFILE PHOTO - 609 words
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450 1999-10-26 9 Soh Tiang Keng - By! Soh Tiang Keng UNITY NTUC Healthcare is conducting a trial run of a high-tech scheme enabling a pharmacist to counsel patients and dispense medicine by remote control. Under this scheme using video-conferencing technology, a pharmacist in one outlet can see, talk450 words
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Article, Illustration531 1999-10-26 10 CH Lim Singapore - Liberalise fast or lose out to other financial centres MAILItm Share brokerage commission rates should be freed up quickly CH Lim Singapore I REFER to the letter "Brokerage fee fully negotiable by 2003" (BT, Oct 15) by Soh Sun Oh, the public affairs manager of the Stock Exchange of SingaporeFILE PHOTO - 531 words
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240 1999-10-26 10 Narayana Narayana Singapore via Internet - Narayana Narayana Singapore via Internet I WRITE in reply to Curtis J Montgomery's article "No gains in wrong type of share buyback" (BT, Oct 20) citing the losses that he (and, no doubt, many others as well) had to suffer consequent to the240 words
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104 1999-10-26 10 Eric Ang Singapore via Internet - Eric Ang Singapore via Internet I REFER to your report "Renong as a blue chip? That's really ftinny: analyst" (BT, Oct 22). It is a reflection of the business culture in some Asian markets where the right connections are the main factor in corporate104 words
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Article, Illustration321 1999-10-26 10 Carol Eng - Pon the economy inflation By i Carol Eng CONSENSUS Economics, based in London, has raised its economic growth forecast for Singapore this year to 5.4 per cent. Its poll of 11 research houses earlier this month showed a more optimistic outlook, hence the increase inSource: Consensus Economics - 321 words
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Advertisement534 1999-10-26 8 DAVALE PTE LTD (Incorporated in the Republic of Singapore) CONDITIONAL CASH OFFERS FOR JACK CHIA-MPH LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT OF DESPATCH OF OFFER DOCUMENT Conditional Cash Offers (the "Offers") by The Development Bank of Singapore Ltd ("DBS Bank"), for and on behalf of Davale Pte Ltd534 words
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Page 9 Advertisements
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Advertisement224 1999-10-26 9 SONY! i Sony's VPtrSCso?ft* I f Jz;S v*<£ <?** *P™§Si W V .V S"-*% •"-•X r mm I J It'll maktyour audience 3 W For mort details, come visit our wefesltt at '-S& VPL-S9OOM VPL-X6OOM VPL-XIOOOM VPLX2OOOM •SVGA .XGA «XGA .UX6A 1100 ANSI Lumens 600 ANSI Lumens *1100 ANSI Lumens224 words
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Advertisement108 1999-10-26 10 jOSO\ iiiiWiiia^M AT UPS, WE DON'T JUST DELIVER PACKAGES. WE ALSO DELIVER H m mm H ■A W7flb our technologically advanced digital system, E£V%( E I IVI lIV j'ow 7/ fce #&/e to confirm receipt of your package by viewing the recipient's signature' .What's more you'll also be able to108 words
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Advertisement50 1999-10-26 10 You can email us at btletter@sph.com.sg, fax to us at *****71, or mail your letter to The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. Please give your full name, address and telephone number. Buy It. Sell It. Find It. Classified^ CATS. Call Today For Results Tomorrow. 1800-737-116650 words
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FOCUS property
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Article, Illustration683 1999-10-26 11 lee han shih - I-i| comment PROPERTY Hard to see why mortgage payments need to be transferred early to banks, causing loss of Interest amounting to iwini«wi« lee han shih AN interesting issue concerning the Central Provident Fund was raised by a letter published in The Straits Times yesterday.FILE PHOTO - 683 words
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Article, Illustration610 1999-10-26 12 Kalpana Rashiwala - Methodist Centre to be redeveloped and marketed in second quarter of next year By] Kalpana Rashiwala THE Methodist Church in Singapore will redevelop the Methodist Centre on Mount Sophia into a 125-unit condominium which will be marketed in the second quarter of nextARTHUR LEE - 610 words
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212 1999-10-26 12 [SINGAPORE] Premas International, the property management arm of gov-ernment-linked Pidemco Land, yesterday said it teamed up with Davis Langdon Seah Hong Kong for a joint venture which will tap the Hongkong market for business opportunities. The tie-up is part of Premas' larger plan212 words
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Advertisement277 1999-10-26 11 New Zealand Freehold Managed Investment Opportunities l" RETURN PA FOR BRAND NEW COMPLETED SEPTEMBER 1999 •5 STAR QUALITY FEATURES INCLUDE: Tennis court Swimming pool Gym Outstanding harbour city views, overlooking America's Cup Base •NO CAPITAL GAINS TAX OR STAMP DUTY Visit Heritage Auckland Bayleys Real Estate New Zealand Property Exhibition277 words
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Advertisement368 1999-10-26 11 COLLECTIVE SALE /5/ —O«CMAITO BY TENDER Sgg, O EDO£ Freehold Land Near Orchard Road j/ FIRE SAFETY Ideal for inner city living /a\ Walking distance to Orchard MRT J"7 Large land area of 54,798 sq ft U\ ™2£sSoo«. Plot ratio 2.1, up to 20 storeys Yi cm Excellent accessibility Existing368 words
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Advertisement357 1999-10-26 11 COLLECTIVE SALE BY TENDER PRIME RESIDENTIAL SITE DUCHESS AVENUE MM* "77 YT Site Area Approx. 57,145 sq. ft. Jj Tenure 999 years Plot Ratio/Height Control: 1.4 Up to 4 storeys TOP SCHOOLS VERY EXCLUSIVE. jTcSSTX 5 minutes walk to Bukit Timah Road, ChintM Highsoi Coronation Plaza, Nanyang Primary School and357 words
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Page 12 Advertisements
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Advertisement198 1999-10-26 12 f[ FsrW /A-sr I LARGE RESIDENTIAL J k n IIV/ DEVELOPMENT LAND A AT DEVONSHIRE ROAD SUBJECT Parcel A Lot 578 58,1 80 sqft if %4/ PROPERTY Parcel B Lot 102-2 7,026 sqft T\\ f 132 Parcel C Lot 102-3 and 102-4 l /#/f cA ce 13,692 sqft WztSr Total198 words
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Advertisement90 1999-10-26 12 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nomtaee, management, corporate secretarial and professional administration services arc available. I We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants.90 words
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Advertisement422 1999-10-26 12 NOTICE IS HEREBY GIVEN that I, WONG KOK PING of BLK 202,ClementiAve 6 #08-51 Singapore *****2, have applied for a Wholesale Liquor Shop Licence in respect of M/s Winestar Int'l Pte Ltd, located at Far East Square, 19 China Street *03-02, Singapore *****1, and that this application will be considered422 words
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Page 13 Advertisements
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Advertisement173 1999-10-26 13 Learn a lesson from us. Coffee with training can be highly ADDICTIVE! No queues, no travelling and no dozing off while you attend this training. Sit back and sip your hot coffee while cruising through our on-line training module in the comfort of your office or home. With Employer Classroom'173 words
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EDITORIAL & opinion
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Article, Illustration755 1999-10-26 14 rajendra bajpai - 1 bottom line OPINION rajendra bajpai The writer is a New Delhi-based journalist who contributes to BT INDIA'S newly inaugurated coalition government led by Prime Minister Atal Behari Vajpayee of the Bharatiya Janata Party (BJP) has an obligation to the country to provide a755 words
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Article113 1999-10-26 14 'In Russia today, you don't do well by doing better. You do well by seeking favours, tax preferences and subsidies. This reduces the government's income and increases the deficits.' -Bill Lewis head of the McKinsey consulting firm's Global Institute, on the Russian economy. 'Aids threatens to reduce,113 words
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613 1999-10-26 14 EDITORIAL WHEN Nissan announced that the Japanese motor giant would cut 21,000 jobs and drastically reduce reliance on its myriad parts suppliers, many at the briefing where the dramatic restructuring plan was unveiled broke into applause. But at a time when Japan's economic recovery613 words
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Article, Illustration699 1999-10-26 14 Lester Thurow - Entrepreneurs who can change habits or take advantage of rhangpg in habits become very rich By Lester Thurow The writer is a professor of economics at the Massachusetts Institute of Technology's Alfred P Sloan School of Management LAT-WP IN A little moreLAT-WP; FILE PHOTO - 699 words
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Article, Illustration944 1999-10-26 14 Ronton PC lacks OS THE most important story out of Russia last week was buried in the business pages: Russia's top stock-market watchdog quit after declaring that Boris Yeltsin's government was simply not interested in enforcing laws to protect shareholders in Russia. Imagine if you found944 words
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MALAYSIA news
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582 1999-10-26 15 KUALA LUMPUR Debt-laden telco may need to fork ont USss3om to repay bondholders Reuters CONCERN is mounting over whether Malaysia's Technology Resources Industries Bhd (TRI) can cobble together a debt restructuring plan ahead of a bond redemption deadline just days away,Reuters - 582 words
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MARKET moves
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Article120 1999-10-26 15 TRADING of financially-troubled Plantation and Development (Malaysia) on the Kuala Lumpur bourse has picked up substantially as market players speculated on how big a capital reduction the company will be making. Construction-based P&D had announced a restructuring exercise that involves the cancellation of shares, revamp of120 words
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Article76 1999-10-26 15 TRADING-BASED Harrisons Holdings made a strong debut on the KLSE yesterday, closing 69 sen or 58 per cent above the initial public offer price of RM1.20 on active trade. Group managing director Chan Kim Poh told the media yesterday that the company was on the lookout76 words
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Article96 1999-10-26 15 Ruth Wong - Compiled by Ruth Wong THE Malaysian Resources Corporation Bhd share price rose marginally yesterday following the company's announcement that it will sell its 30 per cent stake in an independent power producer to Sime Darby and Tenaga Nasional. MRCB, which plans to get out of the96 words
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167 1999-10-26 15 KUALA LUMPUR Reuters MALAYSIAN Prime Minister Mahathir Mohamad's son, Mirzan Mahathir, has reached an out-of-court settlement with a unit of Nanyang Press Holdings Bhd over a libel suit, Nanyang Press said yesterday. Nanyang Press said in a statement to the Kuala Lumpur StockReuters - 167 words
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428 1999-10-26 15 Diana Oon Abdullah - Flotation will make it Asia's first listed airport firm by year's end FYotn Diana Oon Abdullah in Kuala Lumpur MALAYSIA Airports Bhd (MAB) is planning to raise 275 million Malaysian ringgit (*****.4 million) in a flotation that will make it Asia's first listed428 words
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343 1999-10-26 15 Ruth Wong - From, Ruth Wong in Kuala Lumpur TELENOR International AS of Norway has agreed to buy 30 per cent of DiGi Swisscom from Vincent Tan for a whopping 787.5 million Malaysian ringgit (*****.8 million) cash or RM5.25 per share more than double DiGi's343 words
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Article, Illustration415 1999-10-26 15 Ruth Wong - From Ruth Wong in Kuala Lumpur MALAYSIAN Prime Minister Mahathir Mohamad yesterday directed all component parties of the ruling National Front to re-activate their election machinery and announced the setting up of a committee to draft the Front's manifesto, signalling an election could beAFP - 415 words
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379 1999-10-26 15 KUALA LUMPUR Homestake fetching better prices with the rise in gold prices TRONOH Mines Malaysia Bhd, a subsidiary of mining giant Malaysia Mining Corporation, is believed to be gradually unlocking the hidden value of its investment in gold mining company Homestake Mining Company379 words
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Advertisement134 1999-10-26 15 Training Tomorrow's hh B A W Professionals TODAY! p W w PBj^^KSf~~" Certified Diploma in Accounting Finance (CDAF) is a widely recognised qualification to eve °f financial proficiency required at management level. J ettCr unc erstant n an( analysis in financial statements and controls. EL Polytechnic diploma or university degree134 words
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Advertisement111 1999-10-26 15 Gr, r~ Busy Executive Lunch: r-Ja/./Sunday Brunch: '-UmKmrnChicken Schnii/cl. Pork Knock lev Nuremberg Sausages Hungarian Goulash. Apple Strudel ami more Garlic Bralwursl. freeflow beer Singapore's days of belt-tightening are over. oWith priccs like $14.50+++ for weekday lunch and $38+++ for Sunday brunch (including free-flow beer and live IkfPj J j111 words
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Page 16 Advertisements
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Advertisement217 1999-10-26 16 re gue t... beyo n? the name, a story that continues to fascinate those who know The Art of Watchmaking 1 1 '^r^m- HI \eu model SOW 1999 (tof> 3577aV/s^T^^^^^^B Man s CLASSIQUE chronograph in 18<arat yellow gold with tourbillon MH with column-wheel chronograph mechanism. 30-minute and 12-hour AH Breguet217 words
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SOUTH east asia
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564 1999-10-26 16 11 I JI bank restructure JAKARTA Bat the UK bank says purchase of 20% stake in the Indon bank is on track Bloomberg, Reuters STANDARD Chartered Pic and Indonesia's central bank sent conflicting signals on the status of the British bank's takeover ofBloomberg,; Reuters - 564 words
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214 1999-10-26 16 Bloomberg [JAKARTA] The Indonesian Bank Restructuring Agency said it restructured debt worth 3.78 trillion rupiah (***** million) held by 19 firms under its control. Another 1.05 trillion rupiah worth of loans owed by seven firms is in the final stage of restructuring, IbraBloomberg - 214 words
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Article, Illustration294 1999-10-26 16 They were allegedly falsely listed as shareholders of his shipping company AFP [JAKARTA] Some 200 farmers and labourers are planning to sue a son of former president Suharto for allegedly falsely listing their names as shareholders of a shipping company heAFP; FILE PHOTO - 294 words
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Article, Illustration240 1999-10-26 16 Reuters INDONESIA'S central bank governor said yesterday that he expected the rupiah would not strengthen beyond the 6,000 barrier to the dollar. Syahril Sabirin, speaking after a meeting with President Abdurrahman Wahid on monetary policy, also said he saw year-on-year inflationReuters; Source: Bloomberg - 240 words
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Article, Illustration422 1999-10-26 18 MANILA Buenaventura wants to avoid an oligopoly resulting from wave of bank mergers Bloomberg THE Philippine central bank governor said the country needs more foreign banks to prevent the bank merger wave that he has encouraged from leading to a cartel. "What we want toBloomberg - 422 words
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262 1999-10-26 18 MANILA Index declines to eight-month low led by developers Bloomberg THE Philippines' benchmark stock index dropped to an eight-month low yesterday, as developers such as Ayala Land Inc fell on concern that accelerating inflation will push interest rates higher. The Philippine StockBloomberg - 262 words
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191 1999-10-26 18 MANILA Bernama THE International Air Transport Association (lata) has readmitted the Philippine Airlines to its clearing house facility after PAL settled its US$32 million (5553.4 million) obligation, an official said yesterday. PAL spokesman Rolando Estabillo said the readmission restored PAL's inter-line links with nearlyBernama - 191 words
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244 1999-10-26 18 HANOI They say the move won't do much to stimulate economy Reuters [HANOI] Foreign and local banks criticised Vietnam's fresh cut in the ceiling rate on monthly dong loans yesterday, saying the move would probably do little to stimulate economic growth.Reuters - 244 words
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INDON cabinet
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Article, Illustration1280 1999-10-26 17 YANG RAZALI KASSIM - Gus Dur's top priority will be to end the longstanding problem of KKN Alwi Shihab, a GusDur right-hand man and likely foreign minister, spoke to YANG RAZALIKASSIM, BT's Regional Editor, in Jakarta yesterday. We reproduce below the interview he gave. YANG RAZALI KASSIM IAFP - 1,280 words
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Page 17 Advertisements
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Advertisement179 1999-10-26 17 a story that continued to fascinate those who know and care about Time. ■w*' w New model 51HH1999 <M- *****A/15f2VU) Man's CIASSIQUE chronograph in 18<arat yellow gold with tourbillon placed at 12 o 'clock. Hand-uvund movement with column-wheel chronograph mechanism. 30-minute and 12-hour counters. Compensating balance spring with Breguet overcoil.179 words
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Page 18 Advertisements
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Advertisement139 1999-10-26 18 She's just called to say that she'll be half an hour Do A) Sigh and pick up the menu? B) Sigh and try to pick up the waitress? C) Say 'No problem darling', take out your Ericsson MC2IB and reply to your e-mails. r «p° '*v'"^*s ■.v e M A139 words
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EAST asia
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Article416 1999-10-26 19 MILLENNIUM COUNTDOWN Computer server firm sees no hiccups at Asian, US exchanges it services Reuters THE head of Stratus Computer Inc in Asia said yesterday that the fault-tolerant computer servers it has provided to some of the region's major stock exchanges were Y2K-ready and would notReuters - 416 words
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384 1999-10-26 19 Meera Tharmaratnam - Hutchison won't leap at Vodafone's hostile offer: analysts From Meera Tharmaratnam in Hongkong HUTCHISON Whampoa said yesterday that it expects the takeover of its cellular unit Orange pic by Mannesmann AG, the German-based telecommunication company, to go through. It said this in384 words
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Article, Illustration514 1999-10-26 19 HONGKONG Investors line up hours before the start of the sale of np to HKslob in shares Bloomberg THOUSANDS of people lined up for the Hongkong government's sale of part of its HK$2OB billion (5544.7 billion) share portfolio, raising hopes of strong demand forBloomberg; AFP - 514 words
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Page 19 Advertisements
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Advertisement128 1999-10-26 19 67 DAYS SHARP f———^ Ultr Co ct MpcG-NVSXM) with wireless EQUIPMENT CENTRE TEL: 336 8122 PROJECTOR WORLD TEL: 339 9449 ULTIMATE LAPTOP SHOP Tel: 338 6253 VOTREX Trt 338 048S opnujpc /COLLECTION CENTRES COLLECTION CENTRE——— DUAN EE 55 Lorono L Telok Kurau #01-67 BriflWCwM Singapore4237B6 1 836 1216 F«c: 733128 words
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SOUTH asia
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245 1999-10-26 20 NKW DELHI 55% of respondents in CII survey expect things to get better Reuters THE general business situation in India will improve in the next six months, a survey released by the Confederation of Indian Industry (CII) said yesterday. CII said it surveyed 205Reuters - 245 words
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Article, Illustration445 1999-10-26 20 NEW DELHI President says India to push reforms to achieve foster growth of 7-8% Reuters, Bloomberg, AFP INDIAN President KR Narayanan said yesterday that the country will aim to boost its software exports to US$5O billion (5583.4 billion) a year by 2008. "The MinistryReuters,; Bloomberg,; AFP; REUTERS - 445 words
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127 1999-10-26 20 ■BOMBAY INDIA'S largest housing finance company yesterday posted a 16 per cent year-on-year rise in net profits to 1.7 biUion rupees (Ss7o mUlion) in the six months to September. Housing Development Finance Corp Ltd (HDFC) said overaU income had risen 11 per cent127 words
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Article186 1999-10-26 20 NEWDELHI Bloomberg RANBAXY Laboratories Ltd, India's second-biggest drugmaker, said its third-quarter profit rose 54.6 per cent, boosted by money the company earned by licensing its technology. Profit rose to 779 minion rupees (Ss2B million) in the three months ended September from 504 million rupeesBloomberg - 186 words
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124 1999-10-26 20 KARACHI Bloomberg PAKISTAN yesterday lifted the ban it imposed two weeks ago on money changers that prevented them from conducting foreign exchange transactions soon after the country's military took control of the government. "We have aUowed money changers to resume normal business from today,"Bloomberg - 124 words
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Page 20 Advertisements
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Advertisement989 1999-10-26 20 India reforms need drastic attitude change, Pg 14 [notices To advertise call toll-free 1800-741 1883 Fax No: 741 1298 Amtek Engineering Ltd I® (Incorporated In The Republic of Singapore) j Notice Of NOTICE) IS HEREBY GIVEN that the Nineteenth Annual General Meeting of AMTEK ENGINEERING LTD will be held at989 words
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Advertisement524 1999-10-26 20 M TMi MATTER OP tm oommmm act, car so ANO ■TMwimor KAT-PAC TKAM PTI LTD (In Momfetrs* VMwtvy Li^uMstiofi) At an Extraordinary General Meeting of the members of KAT-PAC TRADE PTE LTD duly convened and held at 2 Fnlayson Green 109-06. Asia Insurance Bo tiding, Singapore *****7 on the 25524 words
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Advertisement91 1999-10-26 20 The Warwick Masterclass Series A rare opportunity to spend two days with Professor SDS Peter Doyle, one of the undisputed masters of modern MB Marketing, Growth Shareholder Value BH V A workshop for senior executives 2-3 November 1 Ml Trader's Hotel, Singapore «B "I I Advanced Marketln s VHHHBHHHHH A91 words
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WORLD news
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Article, Illustration402 1999-10-26 21 TOKYO Rise in volume of goods sold overseas points to region's revival: analysts Bloomberg IN a further sign that Japan's economy is coming back to health, the country's merchandise trade surplus with the rest of the world rose more than one-fifth in September. TheBloomberg; Source: Japan Finance Ministry, AFP - 402 words
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263 1999-10-26 21 TOKYO It suffers worse than forecast interim loss of 4&Bb yen Bloomberg NEC Corp, Japan's largest maker of personal computers and microchips, said firsthalf losses widened as sales of computer memory chips slumped and it sold less telecommunications equipment overseas. Tokyo-based NECBloomberg - 263 words
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195 1999-10-26 21 TOKYO Bloomberg WORLDWIDE sales of equipment used to make microchips surged 74 per cent in August, the second straight gain after 15 months of decline, supplying further evidence of recovery in the global chip market. Chip equipment sales rose 74 per centBloomberg - 195 words
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Article, Illustration422 1999-10-26 21 USYDNEY The Aussie exchange's lst-qtr profit rose 40% to Aslo.9m Bloomberg THE Australian Stock Exchange Ltd (ASX), which yesterday reported a 40 per cent rise in its first-quarter operating profit, disclosed that it is holding talks with Asian stock exchanges, includingBloomberg; FILE PHOTO - 422 words
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WORLD Watch
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92 1999-10-26 23 Reuters INEW YORK] AT&T Corp, the No 1 US long distance telephone company, yesterday said its third quarter operational profits fell 4.5 per cent as price competition and weakness in its consumer long distance unit offset growth in its wireless, Internet and business units.Reuters - 92 words
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Article, Illustration52 1999-10-26 23 Reuters [LONDON] Artist Steve McQueen's exhibit "Deadpan 1997" is on show at an exhibition for the finalists of this year's controversial Turner Prize at the Tate gallery. McQueen's work includes a recreation of Buster Keaton's famous stunt when he is left unscathed by a house that collapses aroundReuters - 52 words
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55 1999-10-26 23 Bloomberg [IRVING, Texas] Exxon Corp, the largest publicly owned oil company, said third quarter earnings rose 7 per cent as crude oil prices surged. Net income rose to US$l.5 billion (552.5 billion), or 61 cents a share, from US$l.4 billion, or 58Bloomberg - 55 words
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Article83 1999-10-26 23 Reuters [ST PAUL, Minnesota] Minnesota Mining and Manufacturing Co, the industrial conglomerate better known as 3M, yesterday posted an 18 per cent jump in third quarter earnings that surpassed Wall Street estimates, buoyed by productivity gains and a strong flow of new products. 3M, whoseReuters - 83 words
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Article63 1999-10-26 23 Reuters [TOKYO] Japanese telecoms giant Nippon Telegraph and Telephone Corp (NTT) yesterday said it was considering cutting jobs and investments in a restructuring move ahead of a planned government sale of NTT shares next month. NTT said it may cut its group work force toReuters - 63 words
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Article97 1999-10-26 23 Reuters [DANBURY, Connecticut] Chemicals company Union Carbide Corp yesterday posted lower third quarter earnings that fell short ofWall Street's expectations, due mostly to higher costs of raw materials. Union Carbide, which is in a deal to merge with Dow Chemical Co, said third quarter netReuters - 97 words
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Article68 1999-10-26 23 Bloomberg [WHITE PLAINS, New York] Texaco Inc, the third largest US oil company, said third quarter earnings more than doubled on a rise in oil and natural gas prices. Profit from operations rose to US$453 million (***** million), or 83 cents a share, from US$2OB million,Bloomberg - 68 words
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537 1999-10-26 23 NEW YORK The industry must prepare for keener competition as US banks will now be able to merge with securities and insurance firms IHT THE global financial industry, fresh from a round of megamergers, now must brace for another joltIHT - 537 words
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394 1999-10-26 23 WASHINGTON Govt figures to show 0.9% rise in salaries, 4.6% growth Bloomberg US economic reports due out this week will be highlighted by numbers likely to show that labour costs and overall economic growth rose in the third quarter, analysts said. "ThursdayBloomberg - 394 words
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Article, Illustration473 1999-10-26 23 PEOPLE Reuters Billionaire Donald Trump, calling Republicans "too crazy right", said on Sunday he is quitting the Republican Party a key step in any bid for the Reform Party nomination for the 2000 presidential election. "I really believe the Republicans are just too crazyReuters; FILE PHOTO - 473 words
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910 1999-10-26 23 Trend of selling ideas, instead of planning viable businesses, may cause Net firms to stumble NYT [NEW YORK] The desire to cash out big is not a new motivating force in the technology industry. But what is striking about today's Internet economy isNYT - 910 words
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Page 21 Advertisements
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Advertisement709 1999-10-26 21 V> v t *>a m A, j Fly once. xa(w Fly free!^ World Perks, the global mileage program of Northwest Airlines and KLM Royal Dutch Airlines, is Asia Pacific s most generous. So generous that with this promotion, just one flight is all yoi/need to fly free! 5 FLY ANYWHERE709 words
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Page 22 Advertisements
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Advertisement2774 1999-10-26 22 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 I Kk[ KIA N ANN ENGINEERING LTD The trusted name in tractor and diesel engine parts (Incorporated in the Republic of Singapore) Notice of Extraordinary General Meeting NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company2,774 words
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Page 23 Advertisements
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Advertisement187 1999-10-26 23 Intensive 2-day seminar on I Business Strategy I for the Millennium 1 The Financial Controller's Forum I An agenda of in-depth sessions on strategies to improve the 1 finance function and take on challenges in the new millennium fi S ROLE OF THE FINANCIAL CONTROLLER IN THE MILLENNIUM I The187 words
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Page 24 Advertisements
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Advertisement463 1999-10-26 24 i -U-. w-- r"'Hi:,... f:k' v-*-S^l4l 't c'- y S»" .> '*">'■•*-- i; v f --V .-r 1 .vi"' r M*. i r r -v l :>: r ?-i:.«.B§rv rvif ;i' j w*3se2M ~'X" r-. vr"U'.-} r*: V 4 i.fe" '-v.-£,;: v l'l LAX M I 1 1 :M *''W463 words
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FINANCE & commodities
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265 1999-10-26 25 Daphne Tay, Jardine Fleming - simri ik Reports MSCI Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market closed mixed in quiet trade yesterday, ignoring the solid gains on Wall Street last Friday despite firmer regional markets. Besides the lack of interesting market-stirring scoops, investors remained sidelined while265 words
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169 1999-10-26 25 Charlie Kuo Refco Singapore - MSCI Taiwan (Mores Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures rose yesterday following Taiwan Semi conductor Manufacturing Company's announcement after tht mcuKet closed on Friday that net profit had tripled in the third quarter, reinforcing investors' confidence in the169 words
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256 1999-10-26 25 ENERGY REPORT Reuters [LONDON] OU prices yesterday were lifted within a dollar of the year's high after fresh signals from Opec that it would consider extending the duration of its limits on exports. International benchmark Brent crude gained 23 cents to U5523.16 a barrelReuters - 256 words
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Article320 1999-10-26 25 Reuters London THE euro shook off early weakness and bounced modestly against the US dollar yesterday, supported by rekindled expectation of a near term European Central Bank credit tightening and concern over US asset markets. The single currency, which extended its decline from an Oct 15 high ofReuters - 320 words
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Article, Illustration1233 1999-10-26 25 INTERBANK CROSS RATES Oct 25 AS C$ tort Ero Ffr Dm HUS Ind»»taptah Yon Won W H2$PiH» Pwe S$ land Sir OT$ Bafct NmX US$ Australia 0.964 6.178 0.602 3.948 1177 5.054 28.248 44.885 0.686 7.840 2.472 1.262 ***** 26.016 1080 3.982 0.975 20.607 25.244 0.391 0.649 Canada 1043 5.6171,233 words
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Article1810 1999-10-26 25 8IC01I FUTURES Oct 25 RU8KR (Mint cJostaq as rt 5.30pm) RSS1CONTVACT (S cert»A?) Clooo Votamo OpM MOftth HhMi Low Sott (towm) tntT»st NOV 99 115.25 -100 Doc 99 117.25 1200 JM 00 120.75 tOO Fife 00 123.25 100 RSS 3 CONTRACT (US cwts/k?) VoiMM OpOfl Mowtt Hl(j* low Sott (tomm)1,810 words
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STOCKS east asia
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Article, Illustration2792 1999-10-26 26 HONGKONG AFP Hang Seng +17L10 HONGKONG shares rose 1.3 per cent yesterday to reclaim the 13,000-point psychological level on follow-up buying sparked by positive corporate developments and a firmer Wall Street, dealers said. "Sentiment has been boosted by the outperformance of severalAFP - 2,792 words
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Article, Illustration946 1999-10-26 26 AFP Index -&21 SHENZHEN'S hard currency B shares gave up their early gains to close slightly lower yesterday amid weak market sentiment, brokers said. The B Share Index shed 0.21 point, or 0.3 per cent, to 76.24 as turnover fell to HK510.39 million from HK119.68 million on Friday. Shenzhen'sAFP; Source: Credit Lyonnsis Securities(Asia) Ltd - 946 words
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Article350 1999-10-26 26 AFP QWP Intel +12U4 TAIWAN shares rallied 1.6 per cent yesterday led by the financial sector as investors were relieved the second earthquake to rock the island in a month did little damage, dealers said. "Investors rushed to buy financial issues on expectation that Friday's quake would not furtherAFP - 350 words
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Article1952 1999-10-26 26 TOKYC AFP Qnum ♦awii SHARE prices in Tokyo gained 1.2 per cent yesterday, with investors encouraged by strong gains on Wall Street at the week-end, brokers said. The Nikkei Average 0f225 selected issues finished up 209.99 points at 17,648.79. The Topix of all issuesAFP - 1,952 words
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Page 26 Advertisements
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Advertisement37 1999-10-26 26 jMBK ja Writing Instruments Watches leotbir Jtwelltry Iy»w e or Montblant Boutiques: Ngre .-tun Ciry #91-34. Raffles City POl-37A, Far,tgon #Ul■ I 8 Corner Witch /Waw Montblnnt Service Centre: Far,ifon 901-IH IV|J*fPW MSWjBBBw -y ?^jp| $M MKBm37 words
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STOCKS klse
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Article7644 1999-10-26 27 INDUSTRIALS CoASMMf products 1999 Last Vol Day N«t Cap High Low Company Solo 'BOO Htgll U» Pit 440 255 Ajinomoto 310 19.7 125.6 174 46 Angkasa 99 4 13 99 95.5 146.0 404 220 Apollo food Hlg 320 2 2 320 320 7.6 128.0 294 115 Borjoyo Land 179 -17,644 words
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Article, Illustration436 1999-10-26 27 AFP MALAYSIAN share prices ended mixed yesterday, with profit-taking paring early gains as the market settled into a lull before an expected gain in momentum preceding the national Budget. "The market is falling into a quiet moment for now," said a dealer with aAFP - 436 words
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Page 27 Advertisements
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Advertisement4 1999-10-26 27 TheßusinessTimes INTELLIGENCE CHANGES EVERYTHING4 words
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SES clob & regional stocks
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Article2881 1999-10-26 28 BONDS A WABBAMTS Oct 25 m wn* u*y M M Utf M bay I Iiiniili A«| mart Caa* (Mr CaaM Mia £>urn m, tmmm a f imi u. m*m i— w n>> u* 104 9 3160 »Acar ******1US9 37.5 susp 311 J "JJ 21 80 14 s 3164 Acm4 ******42,881 words
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Article, Illustration672 1999-10-26 28 AFP D Composite Index -?il INDONESIAN shares closed down yesterday as Investors locked in profits notched up on the back of the outcome of last week's presidential elections, dealers said. The market was also pressured by negative sentiment prompted by concerns over the Cabinet after President Addurrahman Wahid saidAFP - 672 words
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Article276 1999-10-26 28 AFP Qlbml* -2122 SHARES dropped 1.3 per cent yesterday on renewed worries of inflation following a series of oil price hikes, brokers said. The Philippine Stock Exchange Composite Index fell 26.22 points to close at 1,920.46. A total of 1.6 billion shares worth 1.6 billion pesos changed hands. —AFPAFP - 276 words
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Article566 1999-10-26 28 AFP QAD Ordinaries +18J MAJOR blue chip companies boosted Australian shares 0.6 per cent yesterday, dealers said. The Australian Stock Exchange's benchmark All Ordinaries Index finished up 18.1 points at 2,855.4. News Corp, Telstra Corp and the National Australia Bank led the All Industrials Index 44.5 points higher toAFP - 566 words
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Article278 1999-10-26 28 AFP n Composite Index -20.68 THE Korea Stock Exchange Index closed down 20.68 points at 798.84. Volume was 2.7 million shares worth 2.7 trillion won. —AFP MM *b AnamSwitf- MaOO HIM Brain Tacfi 22*0 uneh C antral Bank 294S -105 Ctwtt Comm ***** 500 Dm Gu Ban* 4280 130AFP - 278 words
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Page 28 Advertisements
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Advertisement72 1999-10-26 28 TheßusinessTimes INTELLIGENCE CHANGES EVERYTHING. The stock markets in Thailand and New Zealand were closed for a public holiday yesterday The grass is always greener on the other side. With so many choice properties for sale in The Straits Times Classified daily, it's no wonder our readers are tempted to seek72 words
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Article7591 1999-10-26 29 MAIN BOARD Transaction date: Oct 25 Or Gr M Wt 52-W1I Last Vol Day L»«t Ouot« Otv w* Yld NjJ Cap A»g hmi l— wm cii>««» mi rooot wmi m imw mn> cue W W ww MULTHMtfSTRY 182 17.5 m b tOOO Acma 50c 111 cd *1 1837,591 words
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Page 29 Advertisements
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Advertisement62 1999-10-26 29 Multiply your wealth. 1 f Kg Equity Investment Account from Citibank. W flHi 19 Gives V° u credit to invest in shares and interest on V° ur positive balance. \lj HJI What better way to multiply your money? W Call 339 7126 to open an account today. Or visrt our62 words
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EXEC lifestyle
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Article, Illustration625 1999-10-26 30 CHRIS MICHAUD - City residents air their views on its restaurants, cams michaud reports CHRIS MICHAUD Reuters TAKING in everything gastronomic from kosher hibachi tables to the Big Apple's lone outpost for German-Caribbean fare, the year 2000 Zagat Survey of dining habits made its debut yesterday, withReuters; FILE PHOTO - 625 words
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Article, Illustration581 1999-10-26 31 GOLF At jnst 23 years old, this driven golfer still has his best years ahead NYT [LAKE BUENA VISTA, Florida] Instead of being spoiled by success, Tiger Woods seems motivated by it. As darkness fell on Saturday night afterNYT; REUTERS PHOTOS - 581 words
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Page 30 Advertisements
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Advertisement338 1999-10-26 30 Special Feature November 30, 1999 ,&M v- v itt TMMB E The tide has turned. The shipping industry has picked up dramatically in the past year. It's all systems go! z Around the world, aging fleets have to be repaired, converted or if replaced and local shipyards can develop more338 words
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Page 31 Advertisements
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Advertisement233 1999-10-26 31 Where to wine, dine and entertain... »crMaMuZ^"ilue. MB Treat yourself to a wide range of Japanese cuisine. Enjoy Tempura, Sushi Rolls, Sashimi, Soft Shelled Crabs and many more plus tantalising desserts. Buffet Lunch fit Dinner: #23.50 (Adult), 50% discount (Child) (Lunch daily except Saturday "Tunch"from 12 noon to 4.)opm Dinner233 words
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Advertisement35 1999-10-26 31 CELEBRATE THE LAST CENTURY WITH DE GRAND H'ippY //ours 5.1 Hip in to 9. IKlpm per ni(i£ I >r.ill kvr |>i r |iij; t IM)». j it ft' lit hits .Mexican Mongolian dl §!li„uin Hainanese35 words
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Advertisement29 1999-10-26 31 S. Advertise in Wine, Dine Entertain of The Business Times. Contact Patrick Ang at 740 1284, I Amy Choo at 740 1559, or Shirley Lee at 740 2290 now.29 words
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Advertisement93 1999-10-26 31 I $|y feljjfbfrlr i I M Jl I Weekday Special Lunch Menu Y \1 $4.50 nett per item with FREE-CHOICE of one coffce/tca, soft drink orCkin Chow Katsudon j (Deep Fried Pork Cutlet topped with Egg and Owion) j Stir Fried Tang Hoon with Mixed Seafood y 7 j (Bean93 words
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Advertisement40 1999-10-26 31 BBSdow with soothing live English entertainment. j Happy Hours 6pm 9pm daily $s+++ on all house pours 20% off all other drinks Reservations: 831-6310/6288 i ~fir HaJttkirui LIJ Sugaporr 333 Orchard Road, Singapore 23M67. W: 737 4411 Fax 732 216140 words
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Page 31 Miscellaneous
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Miscellaneous1134 1999-10-26 31 CRYPTIC CROSSWORD 1 Desultorily read some lines in 1 PI I I—X 5 A skilled worker ran it as re10 Let in— for the first time! II IB! SB HI 9^ 11 Strike directors as a good ba 13 A hard case a woman will join 28 Beg leaderless men1,134 words
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KNOWLEDGE economy
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Article, Illustration875 1999-10-26 32 TOH HAN SHIH - Some MNCs tell toh bam ssm how they encourage their staff to share work know-how TOH HAN SHIH [SINGAPORE] Employees must share knowledge if a company is to have effective knowledge management. And that's something that few people from the highest to the lowest ranksSIEW YAW HOONG - 875 words
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725 1999-10-26 32 ATKITa.TTM There are solutions for online merchants MUCH has been said over the past few years about the exciting business prospects that the Internet offers. However, the problems that challenge e-commerce have often been overlooked. Even more neglected are some of the solutions to these725 words
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Page 32 Advertisements
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Advertisement111 1999-10-26 32 GOT A QUESTION OR COMMENT? Please e-mail ebusiness@sg.orade.com. BT will respond to the e-mail 01*3 CIG the world's second largest software company is... IBM 6% WL r y IBM 18% A./ Microsoft 9% *!m/ fUdjV Microsoft 5% Database Use/Top Web Sites* RDBMS Market Share** The world's most successful companies rely111 words
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SHIPPING TIMES
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Article165 1999-10-26 33 Bridge News Reuters PAN AM AXES ended the week on Friday holding recent gains but several brokers said the market was nearing the top of its current run. This was reflected in the Baltic Panamax Index which rose just two points to 1,352, while the Baltic Freight IndexBridge News; Reuters - 165 words
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Article270 1999-10-26 33 tta a w CWT Otttrrtsuttoc 1.19 unch 2 Chuanm® L69 0.07 22t4 Cosco Inyastnoanl U1 0.05 3 FrataM Unlu OJO aoi 464 osHoMnes an ouos o Hal Sun Hup 0.65 0.02 33S MCHotdlngs-HK —3.60 unch 0 089 0.01 28 JurangShtpyard 7.70 -0.15 68 KappalCorp 4.62 unch 954 K*0P«270 words
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Article, Illustration516 1999-10-26 33 Ann Toh - Aussie fast craft builder seeks S'pore partners for alliance to look into feasibility of project By. Ann Toh [SINGAPORE] Australian fast craft builder Austal Ships is actively seeking Singapore partners to join a soon-to-be-formed alliance to evaluate the feasibility of a fast freight catamaranFILE PHOTO; Source: Austal Ships - 516 words
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Article479 1999-10-26 33 David Hughes - Shipping lines last year carried more cargo bnt earned less revenue: Dre wry From David Hughes in London CONTAINER shipping companies are no nearer solving the riddle of how to turn growth into profit, according to a new report which casts doubt on the479 words
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Article184 1999-10-26 33 [SINGAPORE] The region's shippers are facing more bunker surcharges as shipping lines continue to act to recover rising ftiel costs. A group of 10 main line operators (MLOs) on the Far East-Mediterranean trade are imposing a US$37 (5561.42) per TEU bunker adjustment factor (BAF) from Nov184 words
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AIRBUS industrie
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Article, Illustration764 1999-10-26 34 Order for long-range A34os and 20 planes in the A 320 family loosens Boeing's stranglehold on Chinese market Bloomberg [LYON, France] CHINA will order 28 planes from Airbus Industrie worth about US$l.B billion (Ss3 billion), French President Jacques Chirac announced after meeting Chinese President Jiang ZeminBloomberg; FILE PHOTO - 764 words
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Article191 1999-10-26 34 PAGE 0)* Lloyd 8 ACL 6 Oongnama 3 m 3 ECUUne 6 Accord 8 ECl 4 Appenship 5 lm 6 KM FOOO,SUn 6 Link 4 Balaj.Shpg 5 GetMrtrare 6 BSA 7 Hangli 7 BtangMas 8 7. Hanjw 3 CCIM 7 Heung-A 4 CMA 8 Hyund* 7 C0SC0191 words
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Article19885 1999-10-26 41 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyaqe Telephone SIN Dest'n Name Name Number Number SIN Destn Name Name Number Number n/n 21/n Han M n KAMA BHUM 471 65 *****35 To ABIDJAN (ABJ) 2003 Cote D'lvolre n/n 19/12 ncpl cmekiang vmt19,885 words
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SHIPS IN PORT
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Article606 1999-10-26 45 VmmI Voy No 6*fth Arrtv»l D#p«rtur« 2A J M '51 25/10/0:45 31/10/730 L2to»67 Nc/23 J02 25/M:tt 26/10/830 j™ ***** J01 25/10/835 26/10/2030 J02 2VMM nnomo T2?SW« 4 J05 25/10/8:30 25/10/2030 D S«Wrt*r» 1002*9 J03 25/10/8:15 25/10/23X10 650 J03 25/10/8:45 25/10/23:59 Bt MMur *****9 J01 25/10/10:10 25/10/1830 rwortT 8A606 words
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Article1779 1999-10-26 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boohing/Bolonco B»tl$ Sfilp Voy No Etb/Btr Ptrtod From To From 2 SS88 in Aa™ bos n**oo a sg jgs SSS J 2V0700 25/WM S2J2 4 25/1200 2WW 25/1700 SSStH -S, 26/13 00 a -2VJ700 25/0JM 2VM00 I 25/0700 25/H59 2VT4001,779 words
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Article169 1999-10-26 45 Oak 9t Austria: National Day. Oct 28 Greece: Oxi Day. Nov 1 Philippines: All Saints Day. Nov 3 Japan: Culture Day. Nov 5 Brunei: Meraj. Nov 9 Indonesia: Ascension Day of the Prophet Muhammad SAW. Sweden: All Saints Day. Nov 7 Malaysia: Deepavali. Singapore: Deepavali. Russia: Day of169 words
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Article738 1999-10-26 45 THIS report, compiled by Cockett Ma line Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movement* are indicated. The Cockett Bunker Price Index change and the738 words
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Article226 1999-10-26 45 180 Mai WW 12 M "I 74 0.09 llk s«dlewit No rtow E25 1 1 Oct 21 PwWt Itotf Afc—M 9Q9 0.4 RJ 0.06 20 0.02 MO to WW 0.9 *1 0.06 56 0.04 M/IM %1ft M/M »M/» W »*«W635 2 g£ a a a a226 words
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AIR & LAND transport
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Article, Illustration489 1999-10-26 46 Cargo volume also rose in first half of this year by 3JB per cent Reuters [GENEVA] Strong growth in Europe and continuing recovery in Asia and Latin America helped to expand passenger traffic at airports by 4.5 per cent in the firstReuters; FILE PHOTO - 489 words
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329 1999-10-26 46 Reuters [MUSCAT] Oman is considering allowing local and foreign investors to set up a new private airline to help boost tourism and trade in the country's southern port city of Salalah, a chamber of commerce official said. The official said the Oman Chamber of CommerceReuters - 329 words
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382 1999-10-26 46 Reuters (TORONTO] Canadian conglomerate Onex Corp demanded that Air Canada reveal any "poison pill" provisions contained in the airline's Cs93o-million (551.04 billion) plan to merge Canada's two main carriers and place them in the Star Alliance code-sharing network. A "poison pill", orReuters - 382 words
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Article1581 1999-10-26 46 On FU6MT ETA FU6HT ETO IA73M W5 LHU73 2355 MM* M730I WO M7302 2055 jg* 055 om mo oft2 2055 r*m*m so9w bio sowo ows AN0229 2230 (m H227W 0745 £2 SNtlW Q3MM C2351 2045 $0004 1020 AMtaftM ***** 0435 K1044 0040 VK741 13*) VK740 14101,581 words
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Page 33 Advertisements
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Advertisement388 1999-10-26 33 DQKQH wmvwtxm Malta* PMttop E-ftßtahf'99 ShUlcerCourtaf S N SC> The Maritime and Port IQPC Worldwide is is oroanteirraa tour to Pa- Authorit V of Singapore is organising the first Asian organising a seminar on conference on Nnvu?at ?Innm The port design and operation E-Purchasing from Nov 29 wifwlwl technology on388 words
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Advertisement686 1999-10-26 34 m mm }j/]j 51/! I S/ii I ,m,v,wo m ,$/w i5/i# 17/11 h/m m/i# w/i ooaoau uwmi n/io o//n m/ii I monbuoybnbmum mi w/io n/io m/ii m/io j;/i« 01/11 m/ii m/ii OOQ MtTAM MWS43 17/1# 14/11 14/11 nomUOTOMMZOMAS Ml lf/1* If/1* 11/1* *1/11 M/ 11 «*/11 11/11 W" lasu EAST686 words
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Advertisement646 1999-10-26 34 Unas services represented u »»y Members of thm Registry of 9 <* Accredited Shipping Agents. U|U Singapore Frwght Forwarders Sfeore National Shipping Assoc. Association PH ULY UNE MALE Ivissa I voy I iu HS m P. KLANC SfOtl mil Princes Lily V 0999 23/10 27/10 05/11 Empress lily V 0699646 words
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Advertisement1068 1999-10-26 35 BUM < li^l SAX StRVKt (DIRECT) »Bsa vdy sua uxooupmhouchi ax mbi ah ntc oist 27/iq n/ii )6/ii »6/ii i6/n lt/n u/n 16/n iy/n 17/11 AW GAWP 01» 03/11 U/ll 23/11 23/11 23/11 23/11 23/11 24/11 24/11 25/11 <Hglß 0151 2S/11 30/11 02/12 02/12 02/12 02/12 02/12 02/12 03/12 03/121,068 words
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Advertisement1786 1999-10-26 35 ®HANJIN SHIPPING jik Pl -am nan mmw swmwG(S)rn lip km* m nom, imrnw smb rmm m documht mnn v* oftmioK rercsom maun ru mmi ax nsvnooooM TO NW USA CANADA USA ri*\NAITA* FM VSL/VOY OAM SM UM HAUL/VOY id TIW KM POX 01 HSF fTT DTT MEM pit MM TVS1,786 words
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Advertisement87 1999-10-26 35 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG FOR ENQUIRIES, PLEASE CALL 220 8558 WORLDGATE EXPRESS LINES PTE LTD Tel: *****11 Fax: *****73/*****63 Email: wgate©mbox2.singnet.com.sg Calcutta f Chlttagong PORT~LQUIS [30/10 I Karachi COLOMBO 29/10 I KARA CHI/LAHORE 28/10 Bombay V bombay 27/10 I MADRAS/BANGALORE 29/10 CALCUTTA 30/10 Colombo*87 words
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Advertisement1340 1999-10-26 36 DSR-SENATOR LINES TO UK/CONTINENT TO MiaJfIIBHANEAN€ANADA vcssa Ivor fan lb> btm urn mi |mv lax] *aa w* J! ?E ?!—————!s!L mummtum B7iw aw an n.n mi nil *1.11 Shanghai wnaton bmw mm mji m.ii w.ll aii nil puoownMTon Bin* bii mi mi an an an aw mm trade s&bc H2CW1,340 words
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Advertisement851 1999-10-26 36 m. Am MAR-HELS SPfiRE M'SIA I UtTaTj Carriw. Mil COUTH LHIES, INC p.guoang:(ot)3B6372B I JVy I OK MO: **********0 C SOU: (084) *****9 MAMLA: (832)*****24 PENANG: (04) *****36 BANGKOK: (882) *****67 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKE (21) *****46 KUCHWQ (082) *****1-3 HO CHI MINH PORT KLANG MV851 words
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Advertisement580 1999-10-26 36 lis EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO VKMI SPORf N. SHEVA COLOMOO P.KLANS CAPE CANAVERAL V II3W 25 OCT K NOV M NOV 14 NOV TULSIDAS V.IH r NOV (OCSCH/ DRY DOCKING ONLY) TARPON SILVER V IBOW M NOV II NOV 23 NOV 20 NOV CAPE CANAVERAL VII4W 15 NOV a580 words
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Advertisement1702 1999-10-26 37 [vessel vov khh hkc sin pko pqb dxb dmm Iba I bik IRAN BAAKERI PCL-5125 20/10 22/10 20/10 27/10 05/11 06/11 07/11 09/11 11/11 IRAN TEYFOURI PCL-5126 27/10 29/10 02/11 03/11 12/11 13/11 14/11 16/11 18/11 IRAN SHAHRYAR PCL-5127 03/11 05/11 09/11 10/11 19/11 20/11 21/11 22/11 24/11 IRAN BAABAEI1,702 words
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Advertisement1098 1999-10-26 37 Sailing to Mm NoMdM, 1 Djibouti (Via Dnhwi) J MRO#, MSOHRO TIL- 226 1900 FAX; *****08 OUTWARD (l/L) 4205#O^^OHOREOFFKr^^™ ~^™"^^™,1 COSTAR SHIPPING PTE LTD #12-00 SAIIS/IKGS *****57/60 INWARD DEff (0/0) *****05 COSTAR AGENCIES (M) SDN BHD 06M98 CONVENTIONAL *****50/55 T/SHPMT DCfT <*****5 nLQ2-0M*****6 FA*02******170 (ID "WW* ON UN W/W ON1,098 words
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Advertisement1272 1999-10-26 37 EUROPC EXPRESS SiKVICI EXPORT IMPORT VTSSfI 1 VOY IMI IUN 1 OTM AM I MAM I OHV |RX VBSa VOY 118 FU« IHI I B I M ruDONGsw onw o; 11 19/11 21/11 arTTi 23/11 24/11 2S/11 pqotugaisen owt 07/10 *09/10 12/10 1 iSTio 31/10 PUSAN SEN .011W.09/1 1 .24/111,272 words
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Advertisement1444 1999-10-26 38 EUROPE/UK/SCANPINAVIA/FIHLAND/RUSSIA SGP ROM ANW HOG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E 01 VINE RW-007 31/10 18/11 24/11 20TI1 22/11 23/11 24/11 E REPUTE RE-021 07/18 09/10 08/10 lOflO 12/10 31/10 01/11 E DELIGHT RW-010 07/11 25/11 01/12 27/11 29/11 30/11 01/12 E. RACER RE-021 07/111,444 words
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Advertisement1454 1999-10-26 38 50 TEL OK BLANGAH ROAD 402-02 OTPOfIT CENTRE S'PORt *****1 fEL: *****11 (6 lines) FAX: *****05 fLX: RS ***** CR NO. **********0W lESSEL VOY ETA ETD (DESTINATION NABUKWA 3MB 3(IM 31/IIMB PALBAANGm BALAM LMAMU 1 4,99 311W9 30.1 MB PONTIANAK RSKAWA OM9 (Tlll® IMLAYSIA&JMATBWtAIJMAinAN PORTS For enqvirie* and bookings plane1,454 words
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Advertisement479 1999-10-26 39 M MYANMA I WBBk FIVE STAR LINE (Myaanar National Line) P loading for Yangoß (Rangoon) j yESSEI VOY SIN PEL PEN rGU J KENG TUNG 4W SIB SAGAMG «W SU MALAVStA AGENTS: OOUSTEAO SMFFM6 AGENCIES KUL TEL (03)*****00 PKL TEL (03) 37*6101 PEN: TIL (04)2****** PGth TEL (07)*****21/4 BANK LINE479 words
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Advertisement1133 1999-10-26 39 HYUNDAI MERCHANT MARINE CO., LTD. uro vorfsMlsoulin|iiM|Mn|HM|MV|n Ivb» voTlsou|tßi[«w|Aiii|HAa|wv|«. _w_ iMiiwi iwm */io 15/11 20/11 17/11 IS/11 DM S2H 01/10 00/10 03/10 05/10 17/10 LA LOOS S3OW »/10 H/U 14/11 14/11 MY COMMOOOtf HH 04/10 W/101/10 07/10 M/l« HYGBOAL MIW 01/11 17/1111/11 JO/11 D/ 11 MT DUB JW 04/10 IJ/101,133 words
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Advertisement809 1999-10-26 39 WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA RORO HEAYYUFT SOVKI* [VESSEL VOY RAMP HEIGHT I SIN LAX CRL MIA SAV RAI I ORF I NYC I NEW I MOO TALAOOT jujoT 400 tan U* ***** it/11 04/12 07/12 09/12 11/1? 12/12 14/11 IS/12 19/12 TAMPERE AHO9 400 Ims 4.3 M809 words
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Advertisement1864 1999-10-26 40 INDONESIA NATIONAL LINE TO AUSTRALIA I RJLL COffTMNER BQIVICE fiL VCTIWC Ml 1 m STP HE Aft MHMAI Wl W/H 44/11 M/ll 14/11 19/11 itowßiAK Ins I tyn iyn is/ii i;/ii »/n ARNOtT Itsl "it/ii w/ii ARMBUm llW| [3»/lll«/n|x/nl |p/17l FEEDER SERVICE TO INDONESIA VU VOT 9m SBAtATA ILNMMK HNIAK1,864 words
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Advertisement55 1999-10-26 41 n NEW BREAKBULK SERVICE I osojMira im For Complete MjHMM Schedules Information See PACC CONTAINER LINE Turn To Pg 5 on 5 FR. MEYER'S SOHN iMfllfßfa SPECIALISTS IN Dedicated Forest/Paper Machinery EAST MALAYSIA products Heavy Lift Service Container Project Crosstrade Turn To Pg 14 every Mon/Wed/Fri Details See Pg 455 words
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Advertisement56 1999-10-26 43 VmTal Dial 740-6000 OflG€ *****10 (Retrieve more schedules!) Press '1' Select the port and key in the four digit code eg: To New York (NYC) 2275 Sl£) Key in your fax number J Enter your phone number Another Innovative service offered by C document Will be SHIPPING TIMES s JmJ56 words
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Advertisement169 1999-10-26 45 Kli Special Feature November 30,1999 s aJM r The tide has turned. The shipping industry has picked up Zmm. dramatically in the past year. If s all systems go! E Around the world, aging fleets have to be repaired, converted or E replaced and local shipyards can develop more market169 words
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Advertisement409 1999-10-26 46 A two-day, practical workshop on The Supply Chain 24th-25th November 1999, Concorde Hotel, Singapore WHO should attend? Vice Presidents, Directors, Managers, Analysts, Project Managers, MIS/IT Directors and Design and structure a powerful process of CONTINUAL a Professionals who are involved in: IMPROVEMENT Supply Chain Management, Operations, Maximize economic value to409 words
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Advertisement151 1999-10-26 46 By Appointment of TKC Joint Venture Surplus Construction Engineering Plant Equipment, Materials and Vahictea To Induds: rig Plaratf Hydraulic Torque Guns Pumps with hose set Enerpac Hydraukc Jacks. Makita Impact Guns. JVf S»cx*nof»-WHhe*m Calibration mactimes. paints. 'WacKer Electrical Vtorator Machmaa. Table Saws. 250CV2000 Amp LV Switchboards, w3 20ft/IWt Containers. 'Letca151 words
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