The Business Times, 5 February 1998
1998-02-05
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The Business Times
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Title Section12 1998-02-05 1 THE BUSINESS TIMES MITA(P) HQ/12/97 Internet: http://www.asial.com.sg/biztimes SINGAPORE THURSDAY, FEBRUARY 5,1998 85t12 words
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Article40 1998-02-05 1 £jjirm"" 7S) OSroe^E «•»<+13.71) D55^») IfeTi 5r> Wedaeade, KLBECOHP HKJC .MS 1AW8BH tUttll »7| 55j$$mii?ziSzzzl3 MANILA OOMP —2jNtI4 4LJ4 TAimwn MTMI -w; I SBOULOOHP *47.28 -US nnnnrnun iiwrf AUST ALLORD MM! «tl lf« EOT Cfcagt DOW KIMS -MJ740 words
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Article58 1998-02-05 1 U* St U89 WB f IJ* IM M Mtt UN YE< tH 97* Utt us un—uac IH* <Lt» M17 BAIT MM MM jUFfAHMt Mil Mil fWtB pmmwm SWQAFORB* _7JI KUALA LUMPUR M JAKARTA ffiHflffiy its 1 MANILA* tlA mmom MM WOfEY _~IZZZ ut AiJ DMiDON ZTZri NEW YORK til58 words
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822 1998-02-05 1 Loh Hui Yin - Asset quality is sound, exposure to regional economies low /•y-om Loh Hui Yin in Hongktytig THE Hongkong Monetary Authority does not foresee any bank collapses or Hongkong banks being hurt badly by property loan defaults, despite painting a sombre outlook for the822 words
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Article, Illustration428 1998-02-05 1 Larry Wee - Traders attribute dizzy moves to profit-taking By\ Larry Wee [SINGAPORE) Regional currencies ran helter-skelter in a very volatile Asian session yesterday, initially rallying strongly as the greenback fell sharply below the 10.000 mark against the Indonesian rupiah. and then falling back asSource: Bloomberg - 428 words
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350 1998-02-05 1 FT |LONDON) Union Hank of Switzerland (ÜBS) on Tuesday won overwhelming sharehold er approval for Its merger with Swiss Hank Corporation (SBC) and tried to scotch ru mours circulating about the bank for the past month. ÜBS also revealed 1.5 billion Swiss francsFT - 350 words
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322 1998-02-05 1 R Sivanithy - f*y R Sivanithy (SINGAPORE) The Thai stock market yesterday saw a sharp 9.5 per cent downward correction while most other markets in the region also ended lower after gaining strongly earlier in the week. The 53.33-point plunge in Thailand's SET Index to 505.59322 words
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Article, Illustration490 1998-02-05 1 World Bank admits underestimating impact of corruption Bloomberg. Reuters IJAKAKTAI Mank Indonesia CJovernor Soedradjad Djlwandono said yesterday that tho government Is considering es tabllshlnK a currency board that would |>eg the rupiah to the l)S dollar. "We're still studying the idea," Mr SoedradjadBloomberg.; Reuters; FILE PHOTO - 490 words
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Page 1 Advertisements
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Advertisement121 1998-02-05 1 iUSEDE CaUpnprty Is there life left in the j property market for enbloc I developments? Pf 3 KLfinaw ill in l|i KL ftnarwo utrefts rose yesterday as rumours of bank mergers and restructurings resurfaced, m V V*v. .Jit.J '•V Wlnlilf jm w muf fli ji. No fewer than 34 new121 words
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Advertisement14 1998-02-05 1 KL finance stocks surge 8% on merger talk, Pg 13 Market reports, Pgs 18-2214 words
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Advertisement128 1998-02-05 1 an mm IS No other ATM Card takes you to the World Cup, Only OUB can Global Purchase. Global ATM. OUB Global Auto Cash. Only OUB can give you the largest global access to your account. And now when you use your OUB Global Auto Cash Card overseas, you can128 words
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SINGAPORE AT HOME & ABROAD
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513 1998-02-05 2 Clarissa Tan - Results boosted by merger of CPF investment schemes; bonus rates may be reviewed this year By( Clarissa Tan PRUDENTIAL Assurance in Singapore saw its total premium revenue shoot up by 78 per cent to cross the $1 billion mark513 words
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325 1998-02-05 2 Frances Lui - By Frances Lui THERE may be a silver lining for employers amid the economic gloom Business pros pects and sentiment may be down but so. it seems, is the level of absenteeism among employees. Dhirenvara Shantilal. general manager of Business Trends, an employment325 words
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Article, Illustration291 1998-02-05 2 Jenny Lam - Amount represents a doubling of Boston Stientific's investment Iht Jenny Lam NEW YORK-listed Boston Scientific Corporation (BSC), which makes medical devices for minimally invasive procedures. aims to double its investment in the Asia Pacific region to US$l billion (SSI.7 billion) in threeARTHUR LEE - 291 words
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531 1998-02-05 2 Conrad Raj - All relate to $2m allegedly received from food conrt firm Hy I Conrad Raj THE Royal Brothers, Asok Kumar and Raj Kumar Naraindas, who found fame and fortune in property purchases like the Promenade in Orchard Road and the former Melia at531 words
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Article, Illustration327 1998-02-05 2 Audrey Tan - ETE ON THE ECONOMY Wages Audrey Tan AVERAGE monthly earnings of Singapore employees rose slightly to $2,335 in the third quarter last year, despite the start of the regional economic problems then. Compared to the 02 average. Q3 monthly earnings were up 0.6 percent,Source: - 327 words
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Article, Illustration686 1998-02-05 2 Audrey Tan - Bat retailers say they may raise prices of imported goods l\!h Audrey Tan INFLATION is widely expected to remain subdued this year. A poll of private sector economists found that most agree with the official forecast that consumer prices will likely rise about 2.5Source: - 686 words
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NEWS Roundup
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90 1998-02-05 2 THE Asian Aerospace exhibition this year will be held over six days from Feb 24 to March 1. of which the first four days are for trade visitors. Trade tickets at $40 will be sold daily at the show site at the Changi90 words
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76 1998-02-05 2 THE Ministry of Education wants the private sector to design and produce up to 90 per cent of approved textbook material for use in schools from its current 15 per cent, and to take charge of textbook publication by 2005. History and geography books76 words
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Article64 1998-02-05 2 THE Central Narcotics Bureau has arrested 157 suspects in an island-wide operation to bust narcotics abusers and traffickers. A total of 115 suspects tested positive for the abuse of controlled drugs, while drugs seized included 20 sachets and 49 straws of heroin weighing 162 grammes,64 words
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Page 2 Advertisements
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Advertisement158 1998-02-05 2 FACT-IBM SEMINAR Coping with the "Regional Economic Crunch" using Real-Time Accounting Software (Specially for SMEs) Fact Software International and IBM Singapore Pte Ltd are pleased to invite SMEs to a special seminar on February 11, 1998 at IBM Towers, 2:00 to S:OOPM. The focus will be on how SMEs can158 words
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Advertisement20 1998-02-05 2 Something old for your new home? See Sunday Gallery a Sunday Classified special on antiques, collectors' Items, and arts crafts20 words
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Advertisement27 1998-02-05 2 0 MIKIMOTO The Originator of Cultured Pearls Since 1893 V C. T. HOO 4 .'/F Singapore #01 22 y Tanglin Shopping TTa Centre, Singapore *****9 Tel: *****47.*****4327 words
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FOCUS: PROPERTY
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Article1151 1998-02-05 3 Property transactions for districts 09 and 10 (sectors 22 to 23 and 24 to 27) lodged between Nov 17, '97 and Jan 31, '98. PROJECT NAME/ PROP CONTRACT TENURE BUILT IN/ PRICE PSF STREET NAME TYPE OATE LANO AREA' (SOFT) (SS'OOO) (SS) District 09 Non-Landed 2B Cplx Apt1,151 words
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Article, Illustration697 1998-02-05 3 Diana Oon - Some developers have decided to lease out existing properties rather than develop them for now IV, Diana Oon [SINGAPORE) INSTEAD of being redeveloped, some private enbluc properties sold in the last two years, notably those in the Balmoral Stevens Road Hukit Tintah belt, areFILE PHOTO - 697 words
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726 1998-02-05 3 Jenny Lam - Land values seen falling with developers sidelined By. Jenny Lam (SINGAPORE] After enjoying a good three-year run from 1995 to 1997, the residential collective property sale market has come to a virtual standstill. No new collective sale tender was launched over the726 words
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Page 3 Advertisements
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Advertisement130 1998-02-05 3 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands llong Kong Bahamas Western Samoa l ull nominee, management, corporate secretarial and professional administration services are available We specialise in offshore trusts, offshore hanks, and captive insurance companies for130 words
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Advertisement244 1998-02-05 3 MRfl FAIRS THINKING ABOUT A GRADUATE I DEGREE IN MANAGEMENT? 1998 MBA Fairs Loarn more about opportunities to eain an MBA and other graduate 9 m S a I degrees in the field of management by attending the mba Fairs m Asia Participating Universities Directors of Admission from Little School244 words
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MARKETS IN TURMOIL
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482 1998-02-05 4 Analysts don't think plan will solve region's problems Reuters. AFP [TOKYO] Japan may have to struggle to win support from its Group of Seven (G7) partners for the idea of asking the World Bank and Asian Development Bank (ADB) to guaranteeReuters.; AFP - 482 words
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214 1998-02-05 4 Reuters (BANGKOK] The Thai army said yesterday it had collected 126 kg of gold in donations from the public in a campaign to help the government overcome Thailand's economic crisis. The army now planned to extend until Friday its nineday "Donate GoldReuters - 214 words
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Article, Illustration73 1998-02-05 4 [BANGKOK] Sirivat Voravetvuthikun selling sandwiches at a stand at the "formerly rich "market in Bangkok. Mr Sirivat once was the darling of Thailand's rapacious stock investors, a millionaire market analyst and fund manager who enjoyed celebrity status. He now sells sandwiches on the streets ofREUTERS - 73 words
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233 1998-02-05 4 AFP [MANILA) Philippine commercial banks yesterday agreed to cut prime lending rates after an angry central bank governor threatened to punish them for snubbing his appeals for lower interest rates. Bankers' Association of the Philippines (BAP) president Deogracias Vistan said his groupAFP - 233 words
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435 1998-02-05 4 Harish Mehta - Major petrochemical firm is latest to join list of defaulters From Harish Mehta in Bangkok THAILAND'S bond market has been bloodied by a string of defaults this year. A major Thai chemicals player. Thai Petrochemical Industry (TPI) defaulted on its interest payments435 words
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490 1998-02-05 4 Seoul also to allow hostile takeovers by foreigners from this month Reuters, AFP [SEOUL] South Korean state radio yesterday said Seoul and the International Monetary Fund agreed on revised mac-ro-economic targets which would lower the country's gross domestic productReuters,; AFP - 490 words
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423 1998-02-05 4 Howard accuses US of exploiting crisis to grab markets AFP (SYDNEY) Australia has agreed to underwrite exports threatened by economic turmoil in Indonesia amid charges that the United States has been exploiting the crisis to grab traditional Australian markets. A cabinet decision was announcedAFP - 423 words
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325 1998-02-05 4 AFX-Asia. Reuters [NEW YORKI China may further devalue the yuan in 1998 and this would plunge Asian and world markets into another round of crisis. IDEA analysts said. Speaking at an IDEA conference on Tuesday, analyst Josh Stiles said a yuanAFX-Asia.; Reuters - 325 words
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296 1998-02-05 4 AFP [BANGKOK] The Bank of Thailand (BOT) has targeted two more commercial banks as it prepares to begin the second round of its clean-up of the troubled sector, a report said yesterday. The central bank is expected to announce rehabilitationAFP - 296 words
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Page 4 Advertisements
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Advertisement7 1998-02-05 4 The Straits Times Classified Where buyers sellers7 words
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REGION
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Article, Illustration583 1998-02-05 5 KUALA LUMPUR GDP growth will stay below 8% next year; merger talks between local banks taking far too long, he says Reuters. Bloomberg MALAYSIAN Deputy Prime Minister Anwar Ibrahim said yesterday that he expected the 1998 annual budget to be largely balanced,Reuters.; Bloomberg; REUTERS - 583 words
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359 1998-02-05 5 KUALA LUMPUR Reuters MOHAMAD Al Fayed, owner of Harrods. may invest about £5 million (5513.8 million) in Malaysia "to start with", the Kgyptian born tycoon said yesterday. Mr Al Kayad was taking questions at a joint press conference with Prime Minister Mahathir MohamadReuters - 359 words
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Article179 1998-02-05 5 JAKARTA AFP MAJOR Indonesian food retailers and wholesalers have agreed to a government request for a freeze on prices until next week, a major distributor said in remarks published yesterday. Prices will be maintained at an artificially low level until next Wednesday, when tens ofAFP - 179 words
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290 1998-02-05 5 BEIJING Move to stimulate residential boosing market: minister AFP IN AN effort to boost flagging economic growth. China will allocate 100 billion yuan (5520.2 billion) this year for housing loans to stimulate the residential housing market, the Construction Minister said yesterday. The loansAFP - 290 words
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Article, Illustration824 1998-02-05 5 Lu Ning - CEEDVA VIEW But PM-to-beZhn Rongji gets chance to pick his team Lu Ning AN OLD Chinese saying goes: "Whenever you have the reign of a new son of the heaven (emperor), there will be a new court of ministers." The saying has proved enduring even824 words
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248 1998-02-05 5 JAKARTA Reuters, AFX-Asia. AFP INDONESIA would continue to boost exports. Industry and Trade Minister Tunky Ariwibowo said yesterday after releasing figures showing a trade surplus of US$l.42 billion (552.4 billion) in November 1997. "The depreciation of our currency has had a positive impact onReuters,; AFX-Asia.; AFP - 248 words
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263 1998-02-05 5 ■JAKARTA AFP PRESIDENT Suharto says he is sticking to the letter of the Indonesian constitution by refusing to name a running mate in the March presidential polls until parliamentary factions unveil their candidates for the vice-presidency. The Jakarta Post yesterday quoted aAFP - 263 words
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564 1998-02-05 7 Bruce Cheesman - TAIPEI PM Siew's exercise, meant to infuse new blood, hardly brings in any fresh faces By\ Bruce Cheesman A MOVE by Taiwan's Premier Vincent Siew to axe several key reformers in a major cabinet reshuffle yesterday has been harshly criticised by the opposition and564 words
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477 1998-02-05 7 TOKYO Move follows WTO ruling that Tokyo is not helping Fuji to block market access Bloomberg THE US will establish an agency to monitor Japan's market for photographic paper and film to ensure equal access for foreign companies, including Eastman Kodak Co. USBloomberg - 477 words
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269 1998-02-05 7 TOKYO Reuters JAPANESE Finance Minister Hikaru Matsunaga told parliament yesterday the government could not rely on expected higher tax revenues in future years to finance budgetary spending for fiscal year 1998/99. "As far as the government is concerned, we cannot use expectations thatReuters - 269 words
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Article, Illustration62 1998-02-05 7 |T< )K Y( I'eople looking at an electric information Ixxird as they wait for the recovery of a railway system yesterday. A high t.rh railway computer in the Ja/Minese capital broke down for four and a half hours, and more than 2(H) train services were cancelledAFP - 62 words
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305 1998-02-05 7 WELLINGTON Bloomberg NKW Zealand's government will continue to run budget surpluses and repay debt, providing the economy with a buffer against shocks such as Asia's financial crisis, it said in its budget policy statement yesterday. Hut the government does not planBloomberg - 305 words
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Page 5 Advertisements
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Advertisement141 1998-02-05 5 WE'RE WELCOMING CHINESE NEW YEAR WITH THIS MOST AUSPICIOUS NUMBER. The Ritz-Carlton® Kuala Lumpur As part of our Chinese New Year celebrations. The Ritz-Carlton, Kuala Lumpur the city's first luxury boutique hotel invites you to stay at the very special rate of RM23B+ or 5595.20+ per night.* The next time141 words
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FOCUS
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Article, Illustration1313 1998-02-05 6 Lu Ning - Institutional weakness within the system rather than bad debts is the real bugbear of the industry By Lu Ning (SINGAPORE) CENTRAL bankers are not generally noted for their candor. So it was something of a surprise when Dai Xianglong, the governor of the People's Bank ofFILE PHOTO; Source: IMF,Standard Chartered Bank; Source: - 1,313 words
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Page 6 Advertisements
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Advertisement22 1998-02-05 6 TODAY M_ianhe Zaobao sn tti+W£'> amt&a (petcuoviu BANVAH E l— SB% BIHtAH CHANNEL HOLIDAYS 27Q *****;;:; a n^ a ta7 s 3|22 words
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Advertisement377 1998-02-05 6 SENIOR ACCOUNT MANAGER We are a German Company, operating in Ask) tor more than 10 years World's number 4 Marker Research Agency, world leaders In Durables retail audit, our dient portfolio Incudes the world's major players of Durables industry Strongly estabftshed In the region, we stretch from Thailand to Taiwan.377 words
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Advertisement125 1998-02-05 6 Ciputra Development International Finance B.V. US$lOO,OOO,OOO Guaranteed Floating Rate Notes Due 2000 In accordance with the provisions of the Notes, notice is hereby given that for the six-month period from 27 January 1998 to 27 July 1998, the Notes will carry a rate of interest of 7.925 per cent per125 words
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Page 7 Advertisements
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Advertisement208 1998-02-05 7 tff v/,MI i, 'MM JHT V iHHI T"Siiarri iISh fflj&yiy* ™n >w.-« *p§* JJr j-1 /.«J -jf*-"€ ;;;.>} Rf w sri??B ■■M l IHilii i>:«'^J hmb ZIZ V n V 2J= JJS 2H M»f :I ZZS2 SS ,>t? .n: r Span" ;&£s•-•-» .->. i.■••>, W '-••.•U. I'^B^BB. J, M i»i■208 words
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REGION/WORLD
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Article, Illustration631 1998-02-05 8 Leon Hadar - WASHINGTON Arab allies don't want to be seen as stooges of US interest in latest Saddam offensive Hft Leon Hadar THE US government is coming up against a wall of resistance from former Gulf War Arab allies reluctant toREUTERS - 631 words
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236 1998-02-05 8 MOSCOW AFP US PRESIDENT Bill Clinton s actions over Iraq could trigger a world war. Russian President Boris Yeltsin warned yesterday. stressing the need for further diplomatic efforts. "Clinton's actions could lead to a world war. He is acting too brazenlyAFP - 236 words
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316 1998-02-05 8 HONGKONG Bloomberg CHINA Telecom (Hong Kong) Ltd is negotiating to buy one of the country's largest mobilephone networks, a big step in Beijing's plan to sell stateowned businesses. China Telecom, a publicly traded arm of China's telecommunications ministry, said itBloomberg - 316 words
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263 1998-02-05 8 BEIJING AFP CHINESE Premier Li Peng has launched a scathing attack against the United States accusing it of wanting to rule the world and meddling in the internal affairs of other countries. it was reported yesterday. The aggressive tone adopted byAFP - 263 words
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Article, Illustration59 1998-02-05 8 PARIS| French auctioneer Jacques Tajan on Tuesday leading the sale in I'aris of a violin made try the famous (Yemona craftsman Antonius Stradiuarius dating hoik to 1711 The violin was auitioned off for ft H million francs (SSI.S million) a retard for Fraruv. Another Stradivarius datingAFP - 59 words
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206 1998-02-05 8 KIJAI.A I.UMI'UK Reuters MALAYSIAN Prime Minister Mahathir Mohamad said yes terday that threatened US sanctions over an Iran gas deal would be acceptable if they were imposed on all three firms involved in the investment. "If they (United States)Reuters - 206 words
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472 1998-02-05 8 Quah Choon Poh - SINGAPORE They call for its abolition once the Asian crisis is over iiifi Quah Choon Poh FORMFR US Secretary of State George Schultz and for mer Secretary of the Treasury William Simon have criticised the International Monetary Fund as "Ineffective, unnecessary and obsolete" and472 words
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245 1998-02-05 8 .JAKARTA AFP INDONESIA'S much-ma-ligned aircraft manufacturer IPTN has never been a budget liability for the country and will never be closed down. Research and Technology' Minister Bacharudin .Jusuf Habibie vowed in a report received here yesterday. "IPTN has never bankrupt edAFP - 245 words
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168 1998-02-05 8 BEIJING AFP CHINA reaped a US$4.6 billion (SS7.B billion) surplus with the European Union (EU) over 1997 as its exports to the region soared 20.1 per cent, the General Administration of Customs said yesterday. In 1997. China's exports to the EU reached US$23.B billion.AFP - 168 words
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Article, Illustration458 1998-02-05 8 Nell Behrmann - LONDON Sellers borrowing metal for delivery at 20% pa for a month "a Nell Behrmann SILVER prices soared 47 US cents (79 Singapore cents) to a nine year high of 70S US cents an ounce in Ixmdon yesterday on news thatFILE PHOTO - 458 words
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EDITORIAL & OPINION
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Article, Illustration792 1998-02-05 9 David Mason - THE BOTTOMLZME OPINION By David Mason The writer was a partner in an international accounting firm in Singapore for 14 years. He is now a business consultant. He contributed this article to BT THE TURMOIL in the Asian financial markets in recent months has792 words
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Article94 1998-02-05 9 Human rights officials will continue to pat me on the back while rapping me on the head.' Han Sen Cambodian leader on United Nations criticism of his human rights record. 'Sometimes people tell you that they cannot pay you. And then you see that they have a94 words
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674 1998-02-05 9 EDITORIAL AS the financial crisis swept across the region last year, it was not long before the doomsayers began proclaiming the end of the Association of South-east Asian Nations (Asean). The economies that were once lauded as powerhouses were shown up. one by one. starting with674 words
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Article, Illustration1016 1998-02-05 9 Leon Hadar - A long political and legal battle over the Monica Lewinsky sex scandal could hurt the US presidency By Leon Hadar The writer is BT's Washington correspondent "IT'll go away. It'll pass," predicted William Ginsburg, the attorney defending Monica Lewinsky, when asked to predict the fate of theFILE PHOTO - 1,016 words
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149 1998-02-05 9 Theresa Lee - MAILBOX Theresa Lee Marketing communications Network For Electronic Transfers (Singapore) Ite Ltd Singapore WE REFER to Mr Michael Yang's letter headlined "Need penalties for (Jiro be so high?" (BT, Jan 27) and his comments on the move towards electronic payment. As one of149 words
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Article617 1998-02-05 9 Lowlnsky, policy advlsorf 1 SURK hope* he had sex with her. Hecause the alternative explanation offered by Monica Lewinsky's lawyer is far more disturbing. Asked why the president of the United States would spend so much time talking to an intern. William Ginsburg suggested that thr617 words
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Page 9 Advertisements
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Page 9 Miscellaneous
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Miscellaneous12 1998-02-05 9 DOONESBURY By Garry Trucleau 1 cwspec/AL&moNOFvrI n *W asaEKsrJ SwSS i E12 words
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EXECUTIVE LIFESTYLE
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Article, Illustration1519 1998-02-05 10 CHRISTOPHER TAN - Distributors will be launching no fewer than 24 fresh looks this year, reports Christopher tam CHRISTOPHER TAN Economic turmoil or no. the Year of the Tiger will have its fair share of new car launches. A quick check with distributors reveal that no fewer than1,519 words
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Page 11 Advertisements
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Advertisement216 1998-02-05 11 Where to wine, dine and entertain... ~sJSsSKr and remember her as your sweetheart, your girlfriend, your fiancee. This V alentine Day, recapture the romance w.tK a magical candlelit dinner at I lie Na»im Room. And watch the stars from one of our exquisite r<x>ms. It s an offer that comes216 words
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Advertisement248 1998-02-05 11 Market Square J RESTAURANT FOOOCOUtT WINE CELLAR Stpapw'sfirst Theme Restaurant Foodcourt European countryside f ambience I w,sft ing one I 1 I an d all I Your table is reserved while I 4p r 1 you explore our wide variety f Lunar r of Asian Western favourites j Selamat Hari248 words
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Advertisement261 1998-02-05 11 best catch in town with the greatest variety of seafood, and the juiciest fizzling steaks by a relaxing poolside setting. ""-'"-Palm Terrace Open daily for a 11-day dining, alfresco style with an exotic Ralinese setting. For reservations, please call 73 7990. •Ottl CROWNE PLAZA" MMANtfI t—merlf the K*y*l /mm I261 words
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Advertisement275 1998-02-05 11 Catch what's ntwt it Iw't win it it Inlay ClatsifM tfcb mbli J cX,k Savour tantalising set-dishes from BBQ Rihs. Mushroom lasagna, seafood piatter, Italian Genoa-baguette to Nvonva laksa, seafood hor-fun, chicken prawn clavpot and fried vegetarian platter and complimented with soup, salad and more at the Cafe Victoria from275 words
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Advertisement207 1998-02-05 11 A n«vY«< r CdtirttitM AT MANDARIN SINGAPORE Savour traditional Chinese New Year favourites with us as we usher in the Year of the Tiger this Lunar New Year season Call S3l 6202 for more details. L j 1)J Orchard IkuJ. Singapore Jiifcfe7 Tel *****11 A— 3 etalS LO HEI THE207 words
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Page 11 Miscellaneous
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Miscellaneous612 1998-02-05 11 TV&RADIO 12 The Offer (Last Hp). 8.30 Festival Filem ICI Dulux: 8.30 New Adventures Of Rob- Layar 12 Azam. Cv!! ~i ov^Vr ns in Hood. 10.30 Granny Nonnon And I r*2? I; 1 j tz 9-30 Ally Mcßeal. (Japanese Drama with Kidz Blitz Dexter s 10.30 News 5 Tonight. KngSubts).612 words
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Miscellaneous202 1998-02-05 11 CRYPTIC CROSSWORD ACROSS 12 D I E ——I —E 1 Had ambitions, when pride I I Fellow in the bay (4) JH___ JH_ 9 Annoy by encroaching, as per- son on Toot does? (5.2,4,4) 10 Assemble for service 21 Some clwa|i seals in far end of complete YESTERDAYS SOLUTION rLftM)M202 words
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A LEAGUE OF THEIR OWN
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Article, Illustration2045 1998-02-05 12 JAIME EE - Li Lien Fung, mother of 3 successful children, including entrepreneur Ho Kwon Ping, shows her mettle to jaixe ee JAIME EE THEY say that behind every successful man is a woman. If that were true, then Ho Kwon Ping, head of the Wah ChangCHRIS LOH - 2,045 words
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Page 12 Advertisements
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Advertisement130 1998-02-05 12 brought to you by «Jaeger- leCoultre* Hidden gems are the most intriguing. Reverso Joaillerie. Reverso. AvantGARDE SINCE 1931. WATCHMAKER AND THE JEWELLER S .<•.' COMBINE THEIR SKILLS TRIBUTE TO YOUR **^t^CPSJM MOST PRECIOUS V^ljl|f YOUR IDENTITY AND YOUR TIME. THE ESSENTIAL HOURS AND MINUTES v. OF YOUR LIFE ARE FAITHFULLY130 words
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COMPANIES & MARKETS
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626 1998-02-05 13 Ven Sreenivasan - Rashid Hnssain, Arab Malaysian, MBf groups lead gains as rumours resurface By' Ven Sreenivasan [SINGAPORE] Kuala Lumpurlisted finance stocks surged yesterday as rumours of bank mergers and restructurings resurfaced. The rumours were lent weight later when Malaysian Deputy Prime Minister Anwar626 words
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563 1998-02-05 13 Carol Eng - SPH chairman confident of approval of merger of Foreign, Local tranches By i Carol Eng [SINGAPORE] Singapore Press Holdings has maintained its advertising revenue so Ear in the current financial year and further write-offs from investments in multimedia and telecommunications are highly unlikely this563 words
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901 1998-02-05 13 Shiv Taneja - HOCK LOCK SIEW Shiv Taneja NEXT Monday, Feb 9, will be a critical day for shareholders of publishing giant Singapore Press Hold ings. Holders of its Local and Foreign tranche shares will vote in separate meetings and at a joint EGM901 words
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353 1998-02-05 13 Annette Pau - H'l Annette Pau |KIN(iAPOKK| I AM yesterday asked tin* stock exchange to lift its trading suspension after the exchange told (he company to account lor tin- pro tracted suspension, which t«*»k ••IT« ct on Jan 2H. In response to the SKS353 words
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236 1998-02-05 13 |SINC»APORK| Listed Singapore has clinched the project management contract to redevelop Malayan Banking Bhd's (Maybank) headquarters at Battery Road. Making the announcement yesterday, Maybank said Sing Land is an experienced real estate developer and it had given project management and/or development advisory services to Standard236 words
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REGIONAL COMPANIES
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412 1998-02-05 14 Two new names added to list of firms facing trading curbs; more names expected Reuters {KUALA LUMPURJ The number of Malaysian brokers hit with trading curbs grew longer yesterday with SimeSecurities Sdn Bhd added to the list, and analysts expect more to come.Reuters - 412 words
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442 1998-02-05 14 Meera Tharmaratnam - From Meera Tharmaratnam ui Kuala Lumpur RENONG Bhd's bid to develop its 10.926 ha township in Johor may face complications following a recent court decision to give a previous landowner Honan Plantation Sdn Bhd the right to proceed and seek compensation at442 words
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438 1998-02-05 14 Reuters {SINGAPORE) Compaq Com puter expects its Asian business to keep growing in 1998 despite financial uncertainty and industry consolidation, a senior company official said. "I have an objective to grow at least twice as fast as the market." Paul Chan. Compaq's AsiaReuters - 438 words
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Article, Illustration326 1998-02-05 14 Reuters (BANGKOKJ Coca-Colas South-east and West Asian division said yesterday it expects profits to exceed 1997's record levels despite Asia's economic crisis. Senior executives said sales in the region are continuing to grow along with profits in US dollar terms despite severe currency depreciationsReuters; REUTERS - 326 words
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142 1998-02-05 14 AFP [HONGKONG) International ratings agency Moody's Investors Service yesterday said it had put the subsidiaries of Hongkong conglomerate Wharf (Holdings) Ltd under review for a possible downgrade of their debt ratings. The move came after Standard and Poor's on Monday cut to A-AFP - 142 words
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Article, Illustration644 1998-02-05 14 David Boey - Airbus, Alenia and A vie to set up office by next month /•Yfmt David Boey in VmUouae, /•Ytince AIRBUS Industrie, Alenia and Avic of China are prepared to press ahead with plans to develop the new AE3IX commercial airliner, even644 words
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545 1998-02-05 14 Liquidator doubtful if all the remaining units will be sold Reuters HONGKONG| Buyers for the ffind management arm of Peregrine Investments Holdings are proving hard to find and while talks are being held with three parties regarding its remaining businesses, not everythingReuters - 545 words
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158 1998-02-05 14 AFP (DHAKA) A group of Bangladeshi businessmen has taken over the Dhaka arm of Hong kong's defiinct Peregrine Investment Holdings Co Ltd. a statement published here yesterday said. The deal, worth 47.4 million taka (551.68 million), will merge the Peregrine arm and its localAFP - 158 words
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COMPANY Briefs
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96 1998-02-05 14 Reuters [SINGAPORE] Singapore's Keppel Corp said yesterday its Cebu Shipyard and Engineering Works Inc (Cebu Shipyard) In the Philippines has renegotiated a collective bargaining agreement with its workers. The workers are affiliated with Nagkashiusang Mamumuno sa Baradero of the National Federation of Labour,Reuters - 96 words
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Article21 1998-02-05 14 (SINGAPORE] San Teh director and audit committee member Hee Theng Fong has resigned with effect from yesterday.21 words
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19 1998-02-05 14 [SINGAPORE] Rothman Industries director John Walter Webb has resigned from the company effective Dec 31,1997.19 words
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52 1998-02-05 14 Reuters [HONGKONG] The Hongkong Futures Exchange yesterday said most of its members support the change in trading its Hang Seng index futures and options contracts to an electronic order-matching system from open outcry. "Detailed migration plans are now being developed," exchange chairman Frank WongReuters - 52 words
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Article67 1998-02-05 14 Corrections Clarifications PARKWAY Holdings has clarified a Bloomberg report, "Parkway buys 5% stake in M'sian carmaker", in yesterday's BT. It said the stake was bought by Wang Tak Co Ltd, a wholly-owned subsidiary of Lee Hing Development which is listed on the Hongkong Stock Exchange. Parkway's deemed interest in the67 words
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INTERNATIONAL COMPANIES
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450 1998-02-05 15 Association's rules call for company not to favour own products over competitors' Bloomberg [WASHINGTON] The software industry's largest trade group released "competitive principles" that condemn the business practices of its biggest member, Microsoft Corp. already embroiled in an antitrust battle with the US federal government.Bloomberg - 450 words
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436 1998-02-05 15 Computer giants developing chips that operate at speed of 1,000 MHz NYT [SAN FRANCISCO] The surging power of the microprocessor chip is approaching another milestone. Both IBM and Digital Equipment Corp were to present technical papers yesterday at a conference here describing experimentalNYT - 436 words
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322 1998-02-05 15 FT [LONDON] The cost of international telephone calls is being forced down faster than some major operators have expected. undermining budget targets and forcing emergency restructuring. The average price per minute of delivering an international call within western Europe or the US fell by 25FT - 322 words
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Article, Illustration341 1998-02-05 15 FT [LONDON] The reputation of US lottery company GTech suffered its worst blow yesterday after a London jury decided its chairman, Guy Snowden, had attempted to bribe billionaire entrepreneur Richard Branson in an attempt to make him drop his bid to runFT; REUTERS - 341 words
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309 1998-02-05 15 Bloomberg [NEW YORK] Eastman Kodak Co may earn less in the first quarter than some analysts now forecast because of a stronger US dollar and increased advertising spending, said analysts who attended a dinner with company officials. Kodak chief financial officer HarryBloomberg - 309 words
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521 1998-02-05 15 Int'l team to find ont why his firms pay lower taxes: report AFP (LONDON) An international task force of tax investigators has been set up to examine why newspaper and television magnate Rupert Murdoch's News Corp pays virtually no tax. a British newspaper saidAFP - 521 words
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392 1998-02-05 15 Bloomberg (LONDON) PacifiCorp sweetened its bid for Energy Group pic, offering US$lO.6B billion (SslB billion) in cash and assumed debt, to block possible bids from two other suitors. The Portland, Oregonbased power company offered 765 pence a share, 11 perBloomberg - 392 words
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FINANCE & COMMODITIES
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420 1998-02-05 16 Jump in market value due to acquisitions reflects industry's move to consolidate Bloom berg [CHARLOTTE, North Carolina] Nationsßank Corp has become the nation's largest bank by one measure, surpassing Citicorp and Bank America, with US$5B.3 billion (Ss99 billion) in market value. TheBloom berg - 420 words
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408 1998-02-05 16 6E Capital Service may set up venture with Toho Mutual AFP (TOKYO) US giant General Electric Corp's finance offshoot is to bail out troubled Japanese insurer Toho Mutual Life Insurance Co Ltd. a newspaper report said yesterday. GE Capital Service, amongAFP - 408 words
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317 1998-02-05 16 Reuters (TOKYO] Major Japanese insurers, swamped with requests for loans, have begun to increase their lending, but their efforts will not be enough to offset a credit crunch stemming from cuts in bank loans, insurers said. Insurers have been Hooded with requestsReuters - 317 words
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300 1998-02-05 16 FT ILONDON] Sumitomo, one of Japan's largest banks, could have to pay a rate of interest of up to 10 per cent on securities it plans to issue in a few days. The interest rate equivalent to that charged by borrowers in the junkFT - 300 words
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330 1998-02-05 16 EC inquiry wants to find ont if they set artificially low prices FT THE European Commission has sent a confidential questionnaire to the Big Six accountancy firms seeking detailed information on their profits from statutory audits. The inquiry aims to establish to whatFT - 330 words
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251 1998-02-05 16 ENERGY REPORT Bridge News, Reuters |TOKYO| A flurry of Omani oil purchases by South Korean refiners for March loading has allowed sellers to raise their offers to five US cents |>er barrel under the official selling price (OSP) or 10 15 cents unBridge News,; Reuters - 251 words
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165 1998-02-05 16 Charlie Kuo - MSCI TAIWAN FUTURES By Charlie Kuo By Charlie Kuo, Service Dealer, Refco S'pore Pte Ltd |SINGAI'OI(K| The Simcx MSCI Taiwan Slock Index fu turet contract fell yesterday amid concern over rlsinK interest rates. Hanks are expected to raise their deposit and prime rates165 words
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286 1998-02-05 16 Reuters (HONGKONG) The economic downturn in Asia is putting a damper on sugar demand from the region's major buyers and pressuring prices, traders said here yesterday. "If you look at the Far East, the picture is still pretty gloomy. Most of the major buyers areReuters - 286 words
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Article272 1998-02-05 16 AFP. Reuters London THE US dollar was stuck on a downtrend yesterday, taking it below the 125-yen level as operators hoped for Japanese budgetary measures to stimulate the economy. At 1235 GMT, the dollar was at 1.8138 marks against 1.8171 on Tuesday. The greenback slipped to 124.58 yenAFP.; Reuters - 272 words
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Article, Illustration1212 1998-02-05 16 MTBRBAMK CROSS KATES Feb4 A5 C$ ffc ECU ffr M lit Mh —p4H Y— Ml ICthtb S$«— M CT> IMt Hmt WS> AustrKk 0.979 1178 0.625 4.131 1232 5 251 ***** ***** 0.851 10.913 LM 1159 29.939 ***** LM 1350 0.996 ***** 33J52 MB OHIO CinMa 1.022 5.757 (U3I 4.2221,212 words
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Article1917 1998-02-05 17 SICOM FUTURES F( h RUBBER closing *s <» 5 30»m) RSS 1 CONTRACTUS cwtjAg) Close Volume Open Month HjQh Low Sett (tonnes) Interest MarW 1 134.50 275 Apr 98 137.75 137.75 130.00 100 3975 May <»« W0.75 140.75 140.75 100 4200 Jw» 98 143.75 143.75 142.75 100 36751,917 words
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Article2511 1998-02-05 17 LONDON Mntriafe h«i 3< Or out 5X3 '4 6CC *3 Ports 238 j-c-AeeeyNatoral 1255 57 Allied Domeca 552 Aincc 18 -2 AsaaGrsup 2C 3 fcOO BATind 6 BO Pic 327 4 400 WCC 149.400 6400 BOC &<-!X» 957 "3 BRPetroWum 82 C 400 46C0 BTR *4 4002,511 words
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Article1678 1998-02-05 17 AFP P Nikkei 225 -***** SHARE prices closed lower yesterday, hit by profit-taking among leading international blue chips after recent gains. "Profit taking is inevitable as the Nikkei Index topped the 17.000-point level yesterday." a dealer said. The 225-share Nikkei Average fell 140.36 points to end at 16.882.62. TheAFP - 1,678 words
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Article, Illustration1744 1998-02-05 18 AFP Q Hang Seng -***** HONGKONG share prices slumped 2.1 per cent yesterday on continued profit-taking, despite an easing of interbank interest rates, dealers said. The key Hang Seng Index lost 222.90 points to close at 10,302.61, the second consecutive decline following the sharp gains posted on Monday, whenAFP - 1,744 words
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Article410 1998-02-05 18 AFP Q VP Index -4157 STOCK prices dropped 0.5 per cent yesterday on profit-tak-ing following two days of gains, dealers said. "Investors sold shares to lock in profit after the index broke theB.soo-point level yesterday." said a trader. The TSE Weighted Price Index dropped 43.57 points to 8.470.61. TurnoverAFP - 410 words
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Article, Illustration971 1998-02-05 18 AFP Q SET Index -5133 MANY investors took their money and ran from the share market yesterday, leaving the bourse 9.5 per cent weaker af ter a day of volatile trade. "There's no positive news to spur the market higher after this week's rise's," a dealer said. "Investors seemedAFP - 971 words
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Article500 1998-02-05 18 AFP Q Composite Index -193 SHARE prices closed lower yesterday as profit-taking in blue chips emerged in late trading to offset earlier gains. "There was profit-taking in blue chips in late trading after recent steep rises, but overall sentiment is still positive." said a dealer. The Composite Index fellAFP - 500 words
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Article635 1998-02-05 18 AFP F1 All Ordinaries *15 SHARE prices closed firmer yesterday as industrial stocks followed Wall Street higher. Brokers said market trading was quiet. The All Ordinaries Index gained 2.5 points to 2.656.9. Turnover was 259.4 million shares worth A 5752.1 million. The gains in the industrial sector were ledAFP - 635 words
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Article265 1998-02-05 18 Reuters F1 Wellington +429 SHARE prices ended slightly firmer yesterday with modest gains in the forestry sector, dealers said. By the close,the NZSE-40 Capital Index was up 4.29 points at 2,244.66. Turnover picked up throughout the session but still ended at a moderate NZ$5l.5 million. Reuters r«4 jb$ (ooo)Reuters - 265 words
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Article, Illustration727 1998-02-05 18 AFP P Composite Index -1186 SHARE prices dropped 3 per cent yesterday on continued profit-taking, analysts said. "People have realised that fundamentally, there is no change in this country," a dealer said. "So what we have seen in this market is just a short-term volatility." The Composite Index fellAFP - 727 words
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Article293 1998-02-05 18 AFP nManila -43.74 SHARE prices fell 2.1 per cent yesterday as investors embarked on a second day of prof-it-taking, analysts said. "There is continued profittaking," said a dealer, noting that the market had soared some 400 points last week. The PSE Composite Index dropped 43.74 points to 2,042.14. TurnoverAFP - 293 words
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KUALA LUMPUR STOCK MARKET
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Article9695 1998-02-05 19 INDUSTRIALS Consumer products 1998 Last Vol Day Ntt Cap WN> t— Company Sa<a 000 High low P/E Smll 268 180 Ajinomoto 258 8 14 2S8 250 14.3 104 6 110 73 Anqkasa 107 3 85 108 102 2.5 157.8 190 123 Apollo Food Mlq 190 unch 27 190 185 59,695 words
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Article, Illustration558 1998-02-05 19 AFX-Asia Composite Index -10.55 SHARE prices closed mixed yesterday, with Financials supported by various rumours ranging from possible mergers to speculation of a rise in local banks' foreign shareholding limit, dealers said. The KLSK Composite Index closed down 10.55 points at 890.76. The Kmas IndexAFX-Asia - 558 words
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WARRANTS & OPTIONS
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Article3885 1998-02-05 20 BOWS, LOANS A WARRANTS Wt La»t Vol Day Last Quote Avg 55 L Company Sal* ♦of COOOI High Low Buyer Sollor Prlc* 68 9 m 3000 m AMOB C5.5H*****6 9 9.5 81 8 3160 A Acef ******1USS 13 *2 37 13 12 13 14 131 8.5 3164 Acma W*****4 133,885 words
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185 1998-02-05 20 R Sivanithy - WARRANT WATCH By R Sivanithy WITH slock market turnover surging. I hi* obvious lieneflciaries are broking firms. The market has obviously picked up on this and some of the associated warrants have already started lo show signs of life.185 words
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Article2534 1998-02-05 20 Transaction Date :Feb 4 I MALAYSIAN STOCKS Of Of 1997/99 ca«t V« Day L«t Ouota DK, D* fit Mat M Cap H><> L— c rOOOl Law Bmt— Satr H Crr p/t $mi 478 28 mi SOOO A>S8S0c ©7 2177 -71 'CO '06 <07 50 33 10 44 22,534 words
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STOCK EXCHANGE OF SINGAPORE
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Article1765 1998-02-05 21 imom cooo) value cooo) mi cut tkh mm p» r«t* h»dtt»trw 127,449 157.822 285,311 230.640 94.062 324,722 fjMne* 16.953 179,355 196,308 114.092 174,977 289,070 HoMs 3.805 2,159 5.764 5.403 766 6.16* Pro»«U#» 34.761 38,518 75.279 108.850 13,697 122.548 W» n.5« 16.686 16.686 MWn? 2.179 2,179 1,571 1,571 3376 86.650 90,5261,765 words
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Article5557 1998-02-05 21 Or Or H Ml 1997/98 Last Vol Day Last OuoU Wv Olv TM Nat C.p Av« HH* Imm StMa Company Sat* (OOOI Mlqh Law But*' Sattar H C>f H P/l Jmll Prk* MMHTBMLS 157 18.5 a 1020 ACE Dynamics60c 315 unch 28 32 31 31.5 12 248 JO5,557 words
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Article1236 1998-02-05 21 Cr Gr M wt >997/98 Laa« Va( Day LMl Oualt Otv Otv VM Net C<* Ava Ml* Low StNo Company tlk 000) Hl«k Im Buy»f MMr H C vr B/l tnl Prtc4 tCSDAO i«* r» iooo >i«»v9ik m «Ath 55 us m «a jo »o o.i 1729 sj ua1,236 words
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Article229 1998-02-05 22 Stocks Volume •MBf Capital 79,025,000 •Renong Bhd 50c 54.546,000 •Renong WtOO 32,036.000 •RHB Cap Wt99 31.417.000 •RHB Cap Bhd 30,772,000 •Pub 8k Foreign 24,639,000 OBS Land 23.776.000 Asia FoodiProp 22.945,000 •M Resources 20,167,000 •Rashid Hussain 16.674,000 Stocks DBS Land 57,549,150 DBS Foreign 51.573,927 •MBf Capital 48.228,090 •RHB Cap Bhd 39,803.232229 words
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Article, Illustration59 1998-02-05 22 Shiv Taneja - by Shiv Taneja UNJPHOENIX CORP closed 79 cents lower yesterday at $1.26 on a volume of 5.3 million units. It is massively oversold on the daily RSI, and there could be a technical rebound in the next few trading sessions. However, in the medium term, there is more59 words
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Article, Illustration679 1998-02-05 22 R Sivanithy - STOCK MARKET COMMENTARY While the optimists believe the regional crisis is easing, the bears are thinking of taking profit and run R Sivanithy (SINGAPORE) Malaysian second lin ers powered ahead yesterday despite pressure on their blue chip counterparts as the market continued to679 words
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ON THE GRAPEVINE
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Article141 1998-02-05 22 THE DB LION Bond Fund, a unit trust which Invests in bonds of G-7 countries as well as Australia, New Zealand and Singapore, was recently awarded Trustee status by the Ministry of Law. This means the fund, managed by Deutsche Bank's Investment management subsidiary, can now be141 words
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Article135 1998-02-05 22 IP YOU'RE moving into a new development, you might want to read this. Ped up with the lack of action from the developer to rectify a pipe problem in his brand new home despite repeated calls, the home-buyer decided to try another tack. He Informed the developer's135 words
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Article87 1998-02-05 22 THERE are always businesses that benefit from an economic downturn. One warehousing group Is laughing all the way to the bank, thanks to the recent downturn. The group's one-million-plus square-feet warehousing in Singapore has been in great demand by MNCs left with unsold goods. The87 words
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Article65 1998-02-05 22 THE spate of retrenchments in the financial sector has spooked some people. The head of research at a European bank who handed out the annual pay letters to staff found herself almost in hysterics when her own letter arrived late. It turns out that her boss just65 words
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Article98 1998-02-05 22 AN ADVERTISEMENT In the latest Fortune magazine put up by the Hyatt group of hotels in the Asia-Paciflc region has an interesting story to tell of the state of Asian currencies. Room rates for the Grand Hyatt hotels in Japan, Singapore, Melbourne. Hongkong and Taipei98 words
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Article110 1998-02-05 22 A BUSINESSMAN in Malaysia is believed to have issued a death threat to an associate for suing his company after a failed transaction. The businessman demanded that the suit be dropped by a certain time or else the threat would be carried out The case is now110 words
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Page 13 Advertisements
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Advertisement14 1998-02-05 13 HUGO BOSS ISETAN SCOTTS LEVEL 3. NGEE ANN CITY #01-03/04, SUNTEC CITY MALL #01/061/06314 words
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Page 15 Advertisements
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Advertisement838 1998-02-05 15 carnaudMetalbox ASIA LIMITED (Incorporated in the Repubbc Of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 455 Jalan Ahmad Ibrahim, Singapore *****6 on the 20th day of February 1998 at 10.00 a.m. for the purposes of838 words
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Page 16 Advertisements
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Advertisement24 1998-02-05 16 I'm a car dealer. The Straits Times 9^ Classified helps to N accelerate jP biisiness. V [CATA B 1800-737-1166 Call Today For Results Tomorrow24 words
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Page 18 Advertisements
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Advertisement118 1998-02-05 18 ♦The Shenzhen and Shanghai stock markets were closed yesterday. ITS AN IMAGE THING ML "I wanted a car that projects my personality, just as my clothes do. I knew exactly where to look JB for one Classification 353." Whether you're selling coupe or cabriolet, use X^Hello, g calling about See...l118 words
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Page 19 Advertisements
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Advertisement19 1998-02-05 19 feiflL Come to the Straits Times Classified's "Open House" first for that i new home, office or shop space.19 words
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Page 20 Advertisements
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Advertisement16 1998-02-05 20 1 Buvinfi or selling through The Straits Times Classified is child's play. ft'iM caiicAT.s.at 1800-737-1166. j16 words
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Page 21 Advertisements
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Advertisement11 1998-02-05 21 The full use OF TODAY /V THE BEST PREPARATION h»~ TOMORROW11 words
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Advertisement36 1998-02-05 21 Rare and Unique gj PATEK PHILIPPE 3 WOQ» TIMEPIECES 1 HBI gj By dedicated BL mr<S«na (pt*) *Ctd. I Shangri-La Hotel Unit 110, gj Singapore Tel: 732 5689 732 0721 Malaysia (KL) Tel: (0203) 230 284836 words
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Advertisement9 1998-02-05 21 imagination i s mo/ c IMPORTANT t/i an KNOWLEDGE9 words
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Page 22 Advertisements
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Advertisement485 1998-02-05 22 BUSINESS Notices To advertise call toll-free 1800-741 1883 WMGIAI WING TAI HOLDINGS LIMITED 5562,000,000 Floating Rate Notes Due 1999 In accordance with the provisions of the Notes, notice is hereby given that the Floating Rate of Interest for the period from 5 February 1998 to 5 May 1998 (89 days)485 words
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Advertisement328 1998-02-05 22 NOTICE IS HEREBY GIVEN that. I Frederic Raffenne of 22 Mount Elizabeth. Elizabeth Regency #07-02 Singapore *****7. have applied for a Wholesale/Retail Liquor Shop Licence in respect of M/s Eurasia Sourcing And Consulting Pte Ltd located at 39 Stamford Road. #03-02 Stamford House Singapore *****5. and that this application will328 words
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Advertisement321 1998-02-05 22 NOTICE IS HEREBY GIVEN that. I, Nies Guek Hong of 3A Jalan Binchang Singapore *****1, have applied for a 2nd Class Public House Licence in respect of M/s South Cove Singapore located at No. 1 Kim Seng Promenade, Great World City #01-21 Singapore *****4. and that this application will be321 words
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Advertisement324 1998-02-05 22 NOTICE NOTICE IS HEREBY GIVEN that. I. ROBERT ANDREW COTTON of BLK 833. #08-32. TAMPINES ST. 83. SINGAPORE *****3. have applied for a RETAIL LIQUOR LICENCE in respect of M/S NTUC FAIRPRICE CO-OPERATIVE LTD (888 PLAZA) located at 888 WOODLANDS DRIVE 50. #01-757 SINGAPORE *****8. and that this application will324 words
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Advertisement353 1998-02-05 22 PVNPAC XD» HVA PLAZA (Si rrt LTD •IN MEMBERS' VOLUNTARY LIQUIDATION l NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant 10 Section 30*1) of *e CompMuev Act. Cjp 50. t final general meeting of members of the abpvenamed company mill he held on Mi March 1a 10 JO353 words
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SHIPPING TIMES
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Article324 1998-02-05 23 Bridge News Reuter RATES slumped again on the key US Gulf/northwest Europe Panamax grain run with a cargo fixed to Ghent at a meager US$7.5O, brokers said. Tonnage was said to be offering at US$l7.OO to U5517.50 without combinations ports on the Panamax grain run to Japan. TheBridge News; Reuter - 324 words
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Article309 1998-02-05 23 US '000 f*4 M *j- HI CWT Distribution 0.61 -0.035 21 Chuan Hup 0.455 *0.01 34 Cosco Investment (LOO *002 t Freight Links 0.31 unch 99 GOMota.-><j» 0.31 *0.01 10 HeiSunHw* 0.525 -0.045 243 Hitachi 2o*en 0.60 -0.02 263 IMC Holdings HK 5.60 Jaya Holdings 0.44 *0.07 17309 words
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Article, Illustration461 1998-02-05 23 Rahita Elias - Expanding into Batam, with ready pool of cheap labour, hones group's competitive edge: MD Ry Rahita Elias (SINGAPORE) Pan United Corporation's Batam shipyard will open on schedule in the second quarter of this year. Group managing director John Lim said that461 words
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181 1998-02-05 23 [SINGAPORE] The port of Antwerp handled a record 111.89 million tonnes of cargo last year, a 5 per cent increase over figures for 1996. General cargo and bulk cargo handled were about evenly split. 56 million and 55 million respectively. Official figures released last week181 words
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Article, Illustration837 1998-02-05 23 Felix Chan - SHIPSHAPE By Felix Chan LIKE many of the old guards of the logistics industry. Guenter Rohrmann waxes lyrical on how an industry whose sole function was to move somebody else's goods to their destinations had evolved into such a technology dependent profession. "The global logisticsFILE PHOTO - 837 words
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Article, Illustration82 1998-02-05 23 (MELBOURNKI Maritime Union of Australia (MUA) members listening to a speech as machinery at the Webb Dock (rear) laid idle in Melbourne on Tuesday. They are under threat of legal action if they try to prevent nonunion dockers from going to work. Yesterday, MUA members haveREUTERS - 82 words
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411 1998-02-05 23 Felix Chan - The two deals involve conversion, refurbishment for Wartsila, Snnlover By. Felix Chan (SINGAPORE) Keppel Marine Industries yesterday said it had clinched two contracts worth $18 million from two international clients. The first was for the conversion of two flat top barges to power generating barges411 words
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Article, Illustration177 1998-02-05 23 ISINGAPORE] A veteran trade unionist is one of three new members appointed to the Board of the Maritime and Port Authority of Singapore (MPA). Thomas Tay. general secretary of the Singapore Maritime Officers Union (SMOU). has been general secretary of the SMOU177 words
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Article172 1998-02-05 23 (SINGAPORE) Leading US cruise line Carnival Cruise Lines has received the award of "Best Cruise Value" from the World Ocean Cruise Liner society for the fourth year running. The awards were published in the organisation's magazine Ocean Cruise News which also put Carnival at No 1172 words
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Article, Illustration1201 1998-02-05 24 MIDDLE EAST PORTS Region's ports are braced for a period of dramatic change and turmoil as competition rises over the next two years Maritime Asia FOR a long time, container shipping operations in the region have revolved to a large extent around the United ArabMaritime Asia - 1,201 words
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259 1998-02-05 24 PAGE Dongnama 7 ACL 9 ECL 5 ANL 3 Ethiopian 6 Accord 6 Eurohjfls Apptnship 5 E ef 9 r wn 6 Astro 3 Foom,Sun 8 Austral 9 GL 4 Gemartrans 8 Batamindo 7 GwShM 9 B Hai Sun Hup 8 Bayswater 7259 words
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Article27499 1998-02-05 32 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advarlijar Vassal Voyaga Taiapliona ETA ETA Advartlsar v«in Voyaga Talapnona SIN Dast'n Nama Nama NumOar Numbar SIN Dast'n Nama Nama Number Number 24/02 21/0) Evargraan E GUARO I 004W 05 3*2im A 24/02 21/0} Triastino EVER GUARD 0201 004W H inilH To ABIDJAN27,499 words
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SHIPS IN PORT
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Article760 1998-02-05 37 Vessel Voy No Berth Arrival Departure Jurong Port J«ro*f Net Ark Dudenkoy 9805 JOi alongside 05 02/0600 Blue Dream 1/98 J16 atonqside 06 02/1500 8t Swutl *****8 J01 alonqside 04 02/2300 CamDr Reefer 38 J02 alongside 04.02/2100 Cement Hope 215 J07 alongside 04 02/1730. tco Charger I J10760 words
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Article1749 1998-02-05 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklng/Bilancc Rstls Ship Voy No Etb/Btr Period From To From »cjo« I OM 4/0500 14 04/1500 04/W5* 04/1*00 II 04/1500 04/1*5* 04/1*00 2* 04/1700 05/045* OVtWOO ;t (W/iroo 05/045* 05/0*00 J 0V0700 OVUM 0vi400 4 05/1200 05/145* owiroo *<i lou1,749 words
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Article583 1998-02-05 37 2*"°" Mn 10,6 5 0 8 15 2 0 M '06 0.05 J Density Water Batidua Asli Aluminium Sediment No above £25 >***** 380 Ave 986 8 0.3 13.0 0.06 28 0.01 w f"w 380 Max 992.0 1.0 16.6 0.10 43 0.05 J—J s s mu583 words
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Article209 1998-02-05 37 Fab 5 Mexico: Anniversay of th«» Consti tution. r®b« New Zealand: Waitangi Day. Feb 11 Japan National Foundation Day. Thailand Makha Hucha Table IJniled Stales: WashinKton's Mirth day Holiday. Fab 23 lirunei National Day. I.uxem 1* turn: Tarn ival Monday Frb 24 'nrtufta /Carnival Mar 2 Greerv. Orthodox209 words
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Article964 1998-02-05 37 I Ills iifnni. i iiinpiliil l>v i ih km Murine Oil 1.11 l «h»«« |>i In- range* in lIX dollar* kiah-aii mI tingle price* lor a n»>h e ii»ll|irrhen*l*e ■)< rl|>liiin nt tin' mnrki-l l*» li shown -in l Imsikl on avi-ingi- «lm| »li-ni Mnrki-l movement*964 words
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AIR & LAND TRANSPORT NEWS
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402 1998-02-05 38 AFP [WASHINGTON] At its current pace, the Federal Aviation Administration will not be able to remove all the "year 2000" bugs from its hundreds of critical computer systems before the turn of the century, which could jeopardise airline safety, increase costs andAFP - 402 words
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513 1998-02-05 38 Cebu Pac Air crash deals another blow to industry reeling from Asia crisis Neuters (MANILA) The Philippine airline industry, seen by some local tycoons as a new investment haven, is facing its most trying period, but analysts and officials said yesterday it should weatherNeuters - 513 words
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Article, Illustration60 1998-02-05 38 (HOLLYWOOD] Tim Warshak walking away from his destroyed Cessna 152 at North Perry Airport in Hollywood. Florida, on Tuesday morning after a tornado carved a path in the city north of Miami. The storm left hundreds ofplanes damaged at the airport and thousands of homes without powerfromREUTERS - 60 words
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195 1998-02-05 38 Bloomberg [LONDON] BAA pic. a UK airport operator, said it won a five-year contract to manage tax and duty-free sales aboard British Midland flights. The contract is the first in the United Kingdom for BAA's Inflight Duty Free Shop unit, which BAA took over inBloomberg - 195 words
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Article, Illustration576 1998-02-05 38 Felix Chan - Deal for 76 planes is largest ever from a European carrier n„\ Felix Chan ISINGAPOREJ Europe's Airbus Industrie clinched an order from Spanish airline Iberia worth US$2.6 billion (554.4 billion) for 76 planes, its largest ever from a European car rier andAFP - 576 words
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Article1829 1998-02-05 38 CITY FLIGHT ETA FLIGHT ETO AbuDO*»l CV794 2005 '*»<*• SOW 1730 $0990 01T5 AdtUldt 6A7381 1930 BA73B2 2050 PK SOW3 WO C23S2 0B35 0F8I 1930 OFI? 2050 tOB 2035 S0004 1025 $0224 2220 HMmNC C***** >030 Amjt.rdam *1843 0550 *L838 2335 Honol VH741 13» VN740 14K)1,829 words
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Advertisement17 1998-02-05 23 New terminals upset old order Middle East ports brace for dramatic change as competition rises. Page 217 words
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Advertisement18 1998-02-05 23 Philippine airlines facing troubles Cebu Pac Air crash deals blow to industry reeling from Asia crisis. Back Page18 words
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Advertisement755 1998-02-05 24 r IMPORT I NORTH AMBnCA I QULF/INDIAN SUB-CONTINENT I i SINGAPORE CAUfOWHU EXPRESS (tIBtCT FBOM WEST COAST) |QULF KARACHI EXPRESS (OKX) ffiia oa« van su u UN vtssu vor ju mm iah km col r*c sin HONG KONG EXPRISS IJWSOT 11/01 09/01 10/01 05/02 IK* KOI 271 21/01 2S/01 24/01755 words
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Advertisement726 1998-02-05 24 ir< K I mXv% If I tr."jA///. V'/ ■MM o» re •s a jf.l '.-.atien Assoc ator Full Cover Insurance Services To Moscow CIS Mongolia Call Gareth Evans SOVO EXPRESS PTE LTD Tel: 272 7188 Fax: 272 7811 E-mail: sovorus@mbox2.singnet.com.sg Sole Agent of Wilhelm Reemtsen Co. GmbH EXPORT 3 Japan726 words
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Advertisement1199 1998-02-05 25 PACIFIC SOUTH WEST EXPRESS (DIRECT) ALSO ACCEPTING MANAUS VIA lAX/HOU 1 VtSSII VOY PM. SIN ETA j SIN HP UkX Ml M*M CH HYC Ml HOU NOR Stt API JAPAN 021E 05/01 07/01 00/01 23/01 27/01 28/01 28/01 29/01 29/01 2»/01 2»/01 30/0] APIKCWtA W 12/01 14/01 15/01 30/01 03/021,199 words
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Advertisement1929 1998-02-05 25 HANJIN SHIPPING USA CANADA* RMVSI/VOT MM SM LMHAU/VOT UA TW DIN Si O* MSP Si DTT MtM PH BM TV« T5 TTZ H. KAOHSIUNG 0371 04/07 07/07 WMCT 24/07 77/07 ~20/02 01/01 01/03 01/03 07/03 03/03 03/03 03/03~ 04/03 70/03 07/03 07/03 H.KAQHSIUNO 0321 04/07 07/07 MOW 6 KONG S./10111,929 words
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Advertisement106 1998-02-05 25 ORIENT EXPRESS LINES (U.K.) LIMITED fjiLlt. (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VESSEL VOY SINGAPORE BOMBAY I VESSEL VOY BOMBAY SINGAPORE VLBERT BRIDGE Oil 06/02 15/02 ALBERT BRIDGE 010 25/01 06/02 MORDKAP 423 09/02 18/02 NORDKAP 422 28/01 09/02 JINAR TOBA 223 13/02 22/02 SINAR TOBA 222106 words
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Advertisement1536 1998-02-05 26 rr DSR-SENATOR jHSb Round the World Container Sen/ices TO UK/CONTINENT FROM UK/CONTINENT VESSEL VOY SIM LtH IW MT HAM MV FIX VtSStl VOY LIH FL» HTM W» HAW SIM HAKJIN SAVANNAH WQBO9 06 02 27 82 2102 29 02 2712 01 03 CMOYANO GIANT EEBBI 1101 12*1 1301 ***** M«1,536 words
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Advertisement1180 1998-02-05 26 MY ANG YML ln,ern Web ,e htt P "*ww.yml.com.h» it, *li tit X Jll 4V Hf ik <1 Em 20 RIVAI f, »ooayTuesday VESSEL VOY LEH FIT HAM ANR HFA SIN MED TAIPEI 53/47M£ SlO SlO SLO StO SID 07/02 MING MOON A7SIE SID SID SLO SID SID 10/02 DOVER1,180 words
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Advertisement537 1998-02-05 26 LINE JS Till 288 34 56 PAX: 8 5831 1 2 MUARA LABUAN vusa vor no eta vessel voy ito n SPORE MUARA SPORE UN J. HtOSKR VO4E/98 06/02 09/02 J. PBOSPE* VO4E/96 06/02 10/02 APBRGIOBY VO4E/98 12/02 IS/02 APStt GIORY VO4E/98 12/02 16/02 J. PROSPER VOSE/98 14/02 17/02 J537 words
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Advertisement1331 1998-02-05 27 1 VESSEL VOY SIN BKK POU PKO PEN BLW SUR BA I BIK IRAN TEYFOURI PJL-1287 09/01 18/01 IRAN TAKHTI PJL-1266 14/01 22/01 IRANGHEYAMAT PJL-1272 11/02 20/02 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I E A2ARBAIJAN. ARMENIA, KAZAKHSTAN. UZBEKISTAN, TURKMENISTAN, KIRGISTAN, TADZHIKISTAN GEORGIA VIA B. ABBAS.1,331 words
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Advertisement1795 1998-02-05 27 CARGO TO/FROM SHIKOU HUANGPU WEEKLY DIRECT SAILING I SINGAPORE'S GENERAL AGENTS: 6 SHINTO* WAY TEL: 22fc 1900 FAX: *****08 OUTWARD (l/L) *****02 JONORE OFFICE: COSTAR SNIPPING PTE LTD «17-O«disildg SAUS/IKGS 4205«4i/43 INWARD DIPT (O/OI *****85 COSTAR AGENCIES (M) SDN BHD CRNO: ********** M TOWER TWO (*****9) CONVENTIONAL *****50/SS T/SHPMT DtPT1,795 words
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Advertisement605 1998-02-05 27 'ts-\ EASTERN CAR UNER, ITD."T£,'SfS,? K |A-1 tawiHwntw SSZXL SPfCIAUZI IN RORO I HEAVY UFT UPTO 122 TONS Ed (SINGAPORE) PTE LTD LOADING FOR PORT KLANG BANGKOK/JEBEL AU MV "OCEAN SAMPAGUITA" V. 12 MV "SCKI KOCHI" V. 125 ETA SIN 28/01 «8 CTA M.» 01 *8 ETA SIM 05 02605 words
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Advertisement1362 1998-02-05 28 EURQPE/UK/SCANOINAVIA/f INLAND/RUSSIA SGP RDM ANW HBG THP ZEE LHV IHV TMP RDM ANW HBC PKI SGP E. DELIGHT RW 001 09/02 27/02 04/113 21/02 02/03 03,93 04/03 E REACH RE-017 11/01 13/01 12/01 14/01 11/01 ***** 104)2 E ROUND RW 030 14,112 06/1)3 11,1)3 07/03 00/03 10/03 11/03 E GALLANT1,362 words
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Advertisement926 1998-02-05 28 am MAC-HELS S'POftE M'SIA I Carrier: MN CONTR LINES, INC I IWV J cm*<* 130M7S0000C SIBU: (084) *****9 MANILA: (632) *****61 V W PENANG: (04) *****36 BANGKOK: (682) *****57 SURABAYA: (31)*****0 P. KELANG: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 tyo/yok/osa/ukS USA MV "SEVEN SEAS CHARIOT'' V.634E MV "HANJIN926 words
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Advertisement480 1998-02-05 28 NANTAI LINE fUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL I vor I SIN I Ml I PU« I OT I R/BAT mXTAI DKAGOK OQ4S 10/0? 20/02 24/02 23/02 WAWTAIWIWCE Q2OS U/02 02/03 M/ 03 NANTAI KNtfi 02SS 22/0? 02/03 06/03 09/03 GOIDEW WAGON 003S 01/03 11/03 15/03 19/03 NANTAI480 words
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Advertisement623 1998-02-05 29 BSfl a. >4mm MYANMA IHBBk FIVE STAR LINE (Myanmor National Lint) Loading for Yangon (Rangoon) VESSEL VOY SIN PRC PEN PGU HAKHA 612 SID PAGAN 2S2W 04/02 MALAYSIA AGENTS: lOUSTEAO SHIPPING AGENCIES KUL: TEI 02-03-*****00 PRL: TEL 02-03-*****01 PEN; TEI 02-04-*****02 PGO: TEL 02-07-*****21/4 BANK LINE (A Mrvkt of Andrtw623 words
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Advertisement1235 1998-02-05 29 4 HYUNDAI MERCHANT MARINE CO. LTD. |vessel sou I lih rtm I ant nam irv I eel Ivissa vot|sou|unirtmiamtlhaialorv in !H I NY lARON 311W 09/02 25/07 24/07 21/0? 71/01 21/01 U/03 NY GENERAL 10* IS/01 77/01 70/01 11/01 11/01 70/01 04/02 TIN 301W 12/02 02/03 07/03 04/03 OS/03 HTOUM1,235 words
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Advertisement975 1998-02-05 29 *5* norwegon ipeaakzed autocornen @o)§(o](£ TO NORTH AND LATIN AMfRICA [VESSEL VOY RAMP HEIGHT I SIN I LAX I CSI MIA SAV BAL ORE NYC NEW MOB TARONGA FSO4 400 Tms 6.3 M 12/02 10/03 WO3 2T7oT 23/03 25/03 26/03 27/03 01/04 OS/04 TAIKO EMS 400 Tms 6.3 M 27/02975 words
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Page 30 Advertisements
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Advertisement847 1998-02-05 30 BA HQ KOK/LAEM CHABANQ JAKARTA/PAN JANG VESSEL VOY SIN si<K LCH VESSEL VOY SIN JKT PJN XETHA BHUM 22SNB In Pt 06/02 MATHU BHUM 357S In Pi 07/02 ANAN BMUM 91N 07/02 11/02 10/02 MATHU BHUM ***** In Pt 07/02 KITI BHUM 40N 08/02 11/02 11/02 PEA BROVIO 08S 06/02847 words
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Advertisement150 1998-02-05 30 GEMARTRANS 4 SAILINGS WEEK TO HCM VtSSII VOY MM HON MUM im W7H W7of UUIHUM 39M M/ 07 11/02 GUIAN 9130 10/07 11/O2 VANXUAN ***** 13/02 It/02 MIIINH DOM 14/02 I//02 UUIHUM 40N 14/02 If/02 2 SAILINGS WEEK TO HAIPHONG VKSII VOY T~ SI" MfW 31 WIN HONG 02N 07/02150 words
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Advertisement397 1998-02-05 30 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAO. SINGAPORE 0206 TEL. *****68 FAX: *****64 TLX: R*****5 SINMER CR No: **********0W Receiving Cargo at PTI Blntulu f Muara VtSSU VQY SIN mi —¥3? Mil* B Beta V ***** l« 04/02 11/07 Cold V9M3E 0/08/02 12/02 BScnt V*****W10/02 IS/02 Mlo* V9SO7f 1011/07397 words
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Advertisement589 1998-02-05 30 A /ICCORD A SHIPPING PTE LTD *****15 (40 Lin«.) FAX *****30 K*T KUMC (03)347 1001 mK M DIRICT ACCESS Til *****55 (EXPORT BOOKING) P4SM OUOAMC (07)*****77 *****34 (EXPORT DOC), *****39 (IMPORT) HUANG (04)*****49 URLMTTP://WWW.ACCORD.COM.SO MUMt (71)040 0770 *0«T ITA SIM "POT ITA SIM POUT ITA SIN POUT ITA SIM (FAR589 words
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Advertisement391 1998-02-05 31 INDONESIA NATIONAL LINE TO EUROPE H EXPRESS SEMI-CONTAINERISED SERVICE VSI VOY f S PORE A DAM/R OAM H BURG BREMEN ANTWERP KUTAI 2712 ~V3 OMIT M TO AUSTRALIA FULL CONTAINER SERVICE VSI VOY_ pr-an I EWE I B»€ I SYD I MEI I HM I AOt IfRE NOL CRYSTAL VMS391 words
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Advertisement1120 1998-02-05 31 ADVANCE CONTAINER LINES (PTE) LTD I 140 Cecil Street. #12-00. PIL Building. Singapore *****0 Li TEL: *****21 PAX *****19. TELEX RS ***** ACLPL CR NO **********0E OPERATIONS: *****60/*****05 BANGKOK. JAKARTA < s .******(s SaHtaas/WMtt VESSEL 1 vo Y I w VESSEL VOY UN «KK Vi#e VOY SIN *T ANANBHUM 9IN1,120 words
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Advertisement975 1998-02-05 31 VESSELS SN JED MLA LEH HAM THP RTM ZEE VM-l-E DE TAURUS A24W 06/02 19/02 24/02 02/03 03/03 06/03 06/03 06/03 VILLE D'AQUARIUS U24W 17/02 2S/02 02/03 06/03 09/03 11/03 12/03 13/03 VILLE DC AWT ARCS L24W 24/02 04/03 09/03 14/03 17/03 18/03 18/03 19/03 VILLE DC VIROO S24W 12/03975 words
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Advertisement53 1998-02-05 34 To retrieve more schedules, just follow these simple steps... Stt V^ Tho docum °nt 740-6000^^^/-^ tep will be faxed M Select the port I *mEnteryour Step key in the four number /f 0M digit code Key in your Exampto: i fax number To NEW YORK (NYC) 2275 for calls within53 words
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Page 37 Miscellaneous
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Miscellaneous150 1998-02-05 37 ■HIZZ^nXIZEIIZEIMH [Regional Weather] I Yf a v'; Tw^tfyZ' s i v- fV^ 222 .looE LEGEND R Thunderstorm Temperature o^, V Shower Weofher Wind direction with speed in knots Rom V^/ Cloudy Sky Wave h «'9*» Surfoce winds ore indicoted by arrows which fly with the wind One full circle represents150 words
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Advertisement76 1998-02-05 38 Bu SINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. Call 740-6000 Press "1" key in Document Code Key in fax number 1 Enter your phone number Document Code ONE WAY OF COMMUNICATING WITH YOUR STAFF ISLAND-WIDE. (jgK® ABETTER WAY. •No static76 words
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