The Business Times, 6 March 1998
1998-03-06
1
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The Business Times
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Title Section12 1998-03-06 1 THE BUSINESS TIMES MITA(P) 110/12/97 85f SINGAPORE Internet: http://www.asial.com.sg/biztimes FRIDAY, MARCH 6,199812 words
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Article25 1998-03-06 1 ruM-year earnings NET (Ska) CHANGE KeppelCorp 171.1 -if Inter-Roller 0.8 <08 Interim WingTai 46.0 -49 Skrid Systems 22 ~-M Full reports on pg25 words
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Article58 1998-03-06 1 J 157M8 (+8.19) D K3J?(-I5 S7) ROMP anas (-14.39) D 8m!58?+2.33) JT umrimoe STOCK MAlgETnOMCg Thursday Change KLSEOOMP_ SW7»__~IL»» M&8M —-247M HANG SENG 1WW.68__-M7.1J SET INDEX MUX -1M! JAKARTA OOMP J3J8 MANILA COUP —2J97&4 11.77 TAIPHWP1 8,766.32 -***** 8B0UL00MP £35.88 37.08 CL8A CHINA B «■>» M fj AUCT58 words
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Article62 1998-03-06 1 HHAMSIilB* 081 St U»_ 1JM 1.649 1719 Ml Mil QJ09 *Hf 1.786 1.297 MS- USt 0.421 HKS- 1.129 UU RAHT 0.822 tt.037 *0PIAH ISO 0010 0.016 •J*rMM Mil Ml 6 bUmhomk mm nueE SATES 8WQAP0UP IX niALA LUMPUR. 19.41 —22.W BANGKOK JUS TAffH SYDNEY JJ| TOKYO 1« WW tuka...62 words
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485 1998-03-06 1 US, European stocks open sharply lower but recoup losses later in the day Bloomberg, Reuters [NEW YORK] World stockmarkets were spooked yesterday by an overnight announcement by Intel Corp, the largest maker of computer chips and a bellwether for global corporate profits, that itsBloomberg,; Reuters - 485 words
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Article102 1998-03-06 1 AFX-Asia [NEW YORK] Wall Street stocks slumped in morning trade yesterday and technology issues took the worst battering after an earnings warning by Intel Corp set off alarm bells. At Ipm EST, the Dow Jones Industrial Average was down 65.27 points to 8,475.97.AFX-Asia - 102 words
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Article, Illustration760 1998-03-06 1 Larry Wee, R Sivanithy - Ringgit down other currencies, stocks in Asia slide By Larry Wee, R Sivanithy [SINGAPORE] The Indonesian rupiah skidded a sharp 11.5 per cent to 10,400 against the US dollar in one-way Asian trading yesterday, on fears of a delayed US$3 billion (554.95 billion) IMF disbursementSource: Dow Jones - 760 words
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425 1998-03-06 1 Christopher Tan - Buyers, sellers likely to hold back and then bid aggressively By i Christopher Tan [SINGAPORE] COE premiums, which have stabilised between $20,000 and $30,000, look set to fluctuate on the back of the newly-announced vehicle tax package. Motor traders said one425 words
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Article, Illustration877 1998-03-06 1 Lu Ning - HK-tistedCfameee share* tumble in the absence of measures to stimulate economy By Lu Ning [SINGAPORE] China's outgoing prime minister Li Peng yesterday offered no stimulus for the country's slowing economy, to the disappointment of financial markets. In his keynote address atREUTERS - 877 words
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Page 1 Advertisements
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Advertisement94 1998-03-06 1 ill HIDE The IMF has postponed a meeting to decide whether Indonesia will receive a USs3b second tranche payment P*s Moody's Investor Service has cut the ratings outlook for all six local banks to "negative" from "stable" because of their exposure to the region's economic conditions, Pgl7 thf mm The94 words
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Advertisement16 1998-03-06 1 IMF board delays meeting on 2nd tranche aid, Pg 5 Reactions to transport review, Pg 216 words
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Advertisement200 1998-03-06 1 Intel warns of poor Ql, tech stocks tumble, Pg 21 m KVESTMENT AWARDS m >Twoofthe hottest investment gurus in the world share their thoughts. •The importance of being earnest about a regular savings plan. •Elizabeth Sam's plan for the newly-formed Investment Management Association of Singapore •A special supplement on the200 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration554 1998-03-06 2 Christopher Tan - KHACnOHS TO TKAM3PORT REVIEW Customers to delay registrations to Draem irom redoctiozis in fees By I Christopher Tan [SINGAPORE] It looks like the vehicle tax revamp which will come into effect on Sept 1 has unwittingly put the industry inFILE PHOTO - 554 words
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480 1998-03-06 2 Felix Chan - Companies see major impact on ops, potential for Hgsavinp Bv\ Felix Chan LOGISTICS and air express companies are not quite sure just how electronic road pricing (ERP) and the revamped road taxes for goods vehicles will impact business although they agree the overhaul will lead480 words
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307 1998-03-06 2 Ang Wan May - By, Ang Wan May GOLDMAN Sachs says that capital values of office buUdings in Singapore will have to faU at least 30 per cent to be attractive to investors. The investment house said in its February property report that dim307 words
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Article, Illustration319 1998-03-06 2 Diana Oon - EYE OH THE ECONOMY Construction By: Diana Oon PUBLIC building contracts, which are expected to support the local construction sector this year, accounted for 74 per cent of total new contracts awarded in November last year, and 60 per cent in December. Strong public sector spendingSource: COB - 319 words
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Article, Illustration299 1998-03-06 2 Diana Oon - By Diana Oon MALAYSIA'S Minister for International Trade and Industry Rafidah Aziz will be in Singapore on March 16 to update businessmen on the Malaysian economy and recent developments in its foreign investment policy. The seminar and dialogue —jointly organised by the299 words
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323 1998-03-06 2 Jennifer Lien - A few investors have shown interest in disk irtae maker By, Jennifer Lien DISK DRIVE maker Integral Peripherals' Singapore operations were yesterday placed under provisional liquidation and its US parent is in the process of filing for Chapter ll bankruptcy protection. Justice Lai Kew Chai323 words
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NEWS Roundup
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Article66 1998-03-06 2 THE National University of Singapore has won an international business case competition for the first time. A team from its business administration faculty won the Marshall International Invitational Case Competition, held annually by the Marshall School of Business, University of Southern California. Among the other eight66 words
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63 1998-03-06 2 THE Ministry of the Environment and the Housing and Development Board will be tendering out 101 vacant market-produce stalls in 27 markets and 34 cooked-food stalls in 15 food centres for rental to the general public. Details of the tender will be given in63 words
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Article76 1998-03-06 2 THE Singapore Trade Development Board is targeting the west African region next as part of its efforts to pioneer Singapore's entry into the emerging markets. Eight Singapore companies will be accompanying the board on a business mission to Cote d'lvoire, Ghana and Nigeria on March76 words
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Page 2 Advertisements
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Advertisement65 1998-03-06 2 ".V*" tr* Bp m t. i .t I U J r Mr (B c 6 nct~ />o JboJbu^Ak tottf Jbu6&c, i&cl Artcl WhWh^'ho />o tVtuyot+t coou&dl cot cktektldl ah tXjbtKLtnct eoou&dl ooVt. Theßjtz-Carlton' MOIENIA SINGAPORE f V i $62 per person. Please call 434 5288 for reservations. 7 Raffles Avenue,65 words
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Advertisement39 1998-03-06 2 ffor a total solution approach to f i CERT.NO. :win commercial and ««*>«« m* Industrial Hitachi Plant i u 10 Amos Road §12-14 air-conditioning. international puz* spore *****3 Tel: *****63 Fax 224 8358 Email: hpcsgrVcytoerway.com.ig Wehsiteat httpJ/www.htuchipUntJibi.ne jp 11 439 words
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Page 3 Advertisements
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Advertisement266 1998-03-06 3 Without quiet and peace of mind, your appreciation of performance will never be perfect. At Lexus, our philosophy insists that luxury car performance not only delivers the uplifting feeling of smooth, powerful acceleration. It must also add to the serene comfort Lexus: #1 Namepiate in LS4OO: Best Premium 4 Long-Term266 words
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SOUTH-EAST ASIA
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622 1998-03-06 4 JAKARTA Economic ministers I come in for veiled attack in an article by head of Abri faction in the MPR Bridge News, AFP THE head of the Indonesian Armed Forces (Abri) faction in the People's Consultative Assembly (MPR), or parlia- ment,Bridge News,; AFP - 622 words
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157 1998-03-06 4 BANGKOK Reuters TWO Bangkok branches of a US-based Chinese group yesterday called on Indonesian President Suharto to prevent attacks on ethnic Chinese in his country. The Thai branches of the Chinese Alliance for Democracy said in a letter given to the Indonesian EmbassyReuters - 157 words
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216 1998-03-06 4 mHONGKONG Reuters JARDINE Fleming has closed its domestic fund management operations in Indonesia and has trimmed back its unit trust development team in Malaysia. David Dodwell, director of group corporate communications, said the Indonesian domestic fund management operation had employed five staff. JardineReuters - 216 words
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203 1998-03-06 4 KUALA LUMPUR Reuters MALAYSIA has no plans to help developers of costly properties whose projects have been abandoned due to the economic slowdown, Deputy Finance Minister Wong See Wah said yesterday. "No, the answer is no at the moment," heReuters - 203 words
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300 1998-03-06 4 JAKARTA Reuters INDONESIAN Research and Technology Minister B J Habibie has resigned as chief executive of the state-owned aircraft, ship-building and arms-making companies, the official Antara news agency reported yesterday. The report said the controversial Dr Habibie, the sole vice-presidential candidate inReuters - 300 words
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Article, Illustration71 1998-03-06 4 [B ANDUNGJ An Indonesian beggar falls (centre) as she is caught between riot police and about 100 students during a demonstration on the campus of Padjajaran University in Bandung town, 120 km south-east ofJakarta. Student protests continued yesterday in a number of major cities in IndonesiaREUTERS - 71 words
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313 1998-03-06 4 Carol Eng - SINGAPORE Exec search firm says talent is needed to torn turmoil into an opportunity By Carol Eng JOB insecurity may be a growing concern across Asia now, but top executives would still be in demand as companies consider313 words
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136 1998-03-06 4 MANILA Reuters A FORMER movie actor is likely to be the next Philippine president, according to poll results released yesterday that also show President Fidel Ramos' choice lagging far behind. Vice-President Joseph Estrada, who played roles of a fighter for the poor inReuters - 136 words
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Page 4 Advertisements
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Advertisement477 1998-03-06 4 1 %g& Sim* Bmnk Bwfiad 1 (Company No. 3404-T) I 4, Jalan Sultan Suiaiman, P.O. Box *****, ***** Kuala Lumpur I Sf> v' tU) I UNAUDITED BALANCE SHEETS AS AT 31 DECEMBER 1997 I bn 1 dr GROUP BANK I 31-12-1987 31-12-1996 31-12-1997 31-12-1996 I ASSETS RM'OOO RM'OOO RM'OOO RM'OOO477 words
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Advertisement27 1998-03-06 4 ■r M THE WORLD S LEADING OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS BAHAMAS JERSEY BRITISH VIRGIN ISLANDS MAURITIUS CAYMAN ISLANDS SEYCHELLES IRELAND WESTERN SAMOA VI www.ocra.com [/I27 words
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MARKETS IN TURMOIL
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203 1998-03-06 5 Bloomberg [KUALA LUMPUR] Malaysia's trade surplus widened to a greater-than-expected 2.6 billion Malaysian ringgit (Ssl.l billion) in January as demand among consumers and businesses for imported merchandise cooled, Bernama said. The surplus, the third in as many months, is more than double December's revisedBloomberg - 203 words
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Article, Illustration343 1998-03-06 5 Al Labita - 18-moath-hitfirate mainly feh in food, beverages, tobacco From, Al Labita in Manila THE Philippine inflation rate rose to 7.4 per cent in February, the highest in 18 months. The National Statistics Office (NSO) said the figure was one percentage point higher than in January andREUTERS - 343 words
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189 1998-03-06 5 [SINGAPORE] The European Union (EU) is reviewing Singapore's proposal to help Indonesia acquire up to US$2O bUlion (Ss33 billion) worth of multilateral guarantees to pay for imports, British Prime Minister Tony Blair's special envoy Derek Fatchett said here yesterday. Mr Fatchett, minister of state at189 words
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462 1998-03-06 5 S N Vasuki - News prompts rupiah to plunge 11% to 10,400 against the US dollar From S N Vasuki in Jakarta IN A development that is likely to further unnerve investors, the International Monetary Fund has postponed a key meeting to decide whether Indonesia will462 words
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356 1998-03-06 5 Reuters, Bloomberg [WASHINGTON] Leaders in the US House of Representatives Banking Committee on Wednesday hammered out compromise legislation to fUnd the International Monetary Fund and make it more accountable after negotiations with the Clinton administration. Passage of the legislation by the committeeReuters,; Bloomberg - 356 words
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211 1998-03-06 5 AFP [KUALA LUMPUR] Malaysia's Prime Minister Mahathir Mohamad said yesterday that Taiwan was in a "very good position" to help stimulate the battered economies of Southeast Asia. Dr Mahathir said he hoped to discuss prospects for trade, investment and transfers of technology during aAFP - 211 words
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390 1998-03-06 5 Exposures to region 13 times larger than pre-pro vision profits of top 10 Japan banks AFP, Reuters [TOKYO] Japanese banks face a larger risk from the Asian financial crisis than any other international lenders, the US ratings agency Moody's Investors ServiceAFP,; Reuters - 390 words
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184 1998-03-06 5 Reuters [BANGKOK] Finance Minister Tarrin Nimmanahaeminda yesterday welcomed news that a US$27O million (*****.8 million) loan for Thailand was approved by the International Monetary Fund from the country's US$l7.2 billion rescue package. Bullish US and Japanese comments on the country's economic reform progressReuters - 184 words
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Page 5 Advertisements
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Advertisement5 1998-03-06 5 All-oat bail-outs unlikely, Pg 95 words
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Advertisement50 1998-03-06 5 Editorial, Pg 14 Jlfl 1$» 3gS &jro± *w 4 ?.«;< &&f iW c <. > ..V* K *Jssj* l- S«*» t M m r /r ■-*^^^^HiißliH* sf^■ fv:Vt#!V' i VL* R w V #y Jf MlQeoit Witt Hst^^nHkMflMtfKHilil^Hf ■F/^' mf' t pi nm «IfckMfctawv* DMMHBM C :< iWMit 11 MaiilMriiMiif50 words
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Advertisement7 1998-03-06 5 Moody's eats S'pore banks' outlook, Pg 177 words
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Page 6 Advertisements
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Advertisement2393 1998-03-06 6 I ©DBS BANK j I THE DEVELOPMENT BANK OF SINGAPORE LTD I II THE DEVELOPMENT BANK OF SINGAPORE LTD AND ITS SUBSIDIARY COMPANIES I I (Incorporated in tfw Republic of Singapore) I BALANCE SHEET AS AT 31 DECEMBER 1997 I I jyS.AHK IiSMNK D6SGROUP I I More 1997 1996 19972,393 words
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Page 7 Advertisements
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Advertisement3104 1998-03-06 7 I JJ I 11.1.1 The net book values at 31 December, at coei leu accumulated depreciation, are at fofows > I I PMiANK POSQtOUf 1997 1996 1997 199* I I 5 GENERAL RESERVE (SS'OOOt (SS'OOOt W'OOOI (SS'OOO) I OS RANK PBS GROUP 01 leasehold properties I 1997 1996 1997 19963,104 words
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FOCUS
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Article, Illustration949 1998-03-06 8 David Lamb - A recent peasant revolt in a country where 80% of the people are farmers unleashes nightmarish visions David Lamb LAT-WP [QUYNH HOA, Vietnam] LAST summer, a remarkable event happened in this isolated commune: Peasant farmers protesting corruption, high taxes and government unresponsiveness rebelled against their local leaders,LAT-WP; FILE PHOTO - 949 words
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Page 8 Advertisements
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Advertisement83 1998-03-06 8 SINGAPORT '98 24 27 MARCH 1998 ASIA'S LARGEST MARINE EQUIPMENT TECHNOLOGY SHOWCASE Reach the world's Buyers and Suppliers in our special supplement in Shipping Times on 24 March 1998 Take your position at this marketplace in our exclusive Advertising Feature targeted at this ready group of buyers For enquiries and83 words
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Advertisement66 1998-03-06 8 Jra t Impress your friends with en interesting snippet. Read Cati"7Htm in Sunday Classified this uteekamL f£is&s&am 74 V >-"V;-j f VALENTINO When we say "amazing sale" WE MEAN BUSINESS Amazing savings on all business suits and apparel at the Hyatt Regency and Isetan Scotts Boutiques, 6-8 March. 1: >66 words
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CHINA-HONGKONG-TAIWAN
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411 1998-03-06 9 KAnOMAL PEOPLE'S CONGRESS Asset transfers into red chips may be disrupted Bloomberg [BEIJING] The radical rewiring of China's state-corporate relationship announced by outgoing Prime Minister Li Peng yesterday raises fresh uncertainties for investors, analysts said. Companies that have their parent ministries eliminated will nowBloomberg - 411 words
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Article726 1998-03-06 9 Lawrence Eyton - LBTTBSFKOK TiVD To help Asean neighbours, Taipei Is more likely to back Its own companies wtth regional interests By Lawrence Eyton CASH-strapped Asian countries hoping that Taiwan might come to their aid are likely to be disappointed, said economists here. For example, a package of measures given726 words
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Page 9 Advertisements
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Advertisement13 1998-03-06 9 tfliit'i Kauri in V jMr D*«'t It ia Unity CU«sifi«4 tkii ix) if13 words
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Advertisement8 1998-03-06 9 Tailor made solutions available. (Give us your measurements.)8 words
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ASIA
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464 1998-03-06 10 SEOUL S Korea needs chaebols, he says in first open attack by conglomerates AFP SOUTH Korea's leading business mogul Kim Woo Choong of the Daewoo Group openly challenged President Kim Dae Jung's economic reform policy, describing it as "excessive" in remarks published yesterday.AFP - 464 words
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273 1998-03-06 10 SEOUL Economy will contract 0.9% this yean gort agency Bloomberg, AFP SOUTH Korea will post its first negative economic growth since 1980 due to shrinking domestic demand and sluggish investment. The state-run Korea Development Institute (KDI) predicted that the economyBloomberg,; AFP - 273 words
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Article, Illustration303 1998-03-06 10 COLOMBO Reuters AT LEAST 28 people were killed and more than 230 wounded when a powerful bomb exploded yesterday near a busy railway station in Colombo during the lunch hour, police said. Several vehicles and shops were damaged in the blast in the SriReuters; REUTERS - 303 words
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270 1998-03-06 10 TOKYO Reuters AFP TOKYO prosecutors saftTffesterday that they have arrested two Ministry of Fnranfce (MOF) officials on suspicipn of accepting bribes from financial institutions. Prosecutors said the suspected bribes came from Sumitomo Bank, Nomura Securi ties and Nikko Securities. 1 The two officials arrestedReuters; AFP - 270 words
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516 1998-03-06 10 Yogi Aggarwal - HfPlAff RfJMfTHHf Uncertain nature of allies poses dilemma for BJP, Congress From' Yogi Aggarwal in New Delhi WITH no political party or alliance having a clear majority in the just concluded parliamentary elections in India, the world's largest democracy is entering a period of516 words
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Page 10 Advertisements
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Advertisement371 1998-03-06 10 Investment; A California Security Brokerage and Investment Banking Firm looking for investors to start internet-base electronic trading stock portfolio management services in Singapore. Interested parties, pis call United 5tate5562******56 or fax United States 562*7951tM. For Singapore, contact Mr J. Kuah, Handphone M637V76* The Advisory Ftom KPMGSeminarSeries Control Risk Setf-Assessment: SdcdtagTheApproach371 words
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Advertisement79 1998-03-06 10 BMADE IN GERMANY SINCE 1842^ The restrained elegance. This superior cat# I performance due to its strength, layout and lightweight construction. Matt-block combination locks ensure easy use and high security. A special additional feature is a Shirt Bog, which fits inside all the larger t i models, hiding your personal79 words
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THE WORLD
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427 1998-03-06 11 WASHINGTON Adtn f-Hgjg rftmaing a threat especially with a weak Japanese economy Bloomberg ORDERS placed with US factories registered a subdued increase in January as aircraft recovered from a December slump, Commerce Department figures showed yesterday. Orders rose 0.5 per centBloomberg - 427 words
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Article344 1998-03-06 11 LONDON Analysts say action comes too late as mobile charges have already come down Bloomberg THE UK telecommunications regulator asked anti-trust authorities to investigate whether prices for mobile-phone calls are too high, a move that yesterday drove down shares of telecommunications companies. The UK OfficeBloomberg - 344 words
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367 1998-03-06 11 MOSCOW Reuters RUSSIA'S government has won a major victory for the economy with the State Duma's approval of the 1998 budget, economists said yesterday. But they warned it is still too early for ministers to rest on their laurels. "This is extremelyReuters - 367 words
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Article, Illustration714 1998-03-06 11 Leon Hadar - LETTER FROM WASHIHGTOH The Lewinsky Affair has shifted focus to private eyes, alleged smear campaigns and other obscure sub-plots By Leon Hadar EMEMBER the Monica J Lewinsky Affair, that lurid tale of sex and politics, allegations of I I .lying and obstruction of justice, -M.714 words
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322 1998-03-06 13 FRANKFURT Sate move expected on low inflation, record low bond yields, stable mark Bloomberg THE Bundesbank yesterday left its full set of interest rates unchanged, as expected, amid signs last year's export-driven growth may be starting to create jobs. The German central bank leftBloomberg - 322 words
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321 1998-03-06 13 LONDON v Reuters DEMAND from investors 'burned by last year's Asian financial crisis is the driving force behind the World Bank's plans to issue super-liquid dollar bonds, World Bank treasury official Gumersindo Oliveros said yesterday. "A highly liquid bond seems the right type ofReuters - 321 words
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300 1998-03-06 13 PARIS Bloomberg THE timing of Credit Lyonnais's sale to the public is the main obstacle to an accord between the European Commission and the French government clearing the bail-out of the French bank, a top EU official said. EU Commissioner for Competition KarelBloomberg - 300 words
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Article, Illustration760 1998-03-06 13 Kevin Sullivan - HUaOFBAV YXHW The public decides the lifespan of a product from PC software to pftH+t^aw By Kevin Sullivan BILL GATES is a lucky man. His current difficulties with the US Justice Department are a consequence of Microsoft's astonishing success—astonishing because the multi-billion-dollar fortune is based760 words
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Page 11 Advertisements
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Advertisement799 1998-03-06 11 WING TAI HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Announcement of unaudited results for the six months ended 31 December 1997. GROUP COMPANY Six months ended Six months ended 31 Dec 1997 31 Dec 1996 31 Dec 1997 31 Dec 1996 SfOOO SI'OOO SS'OOO STOOP 1 (a) Turnover 404,125799 words
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Page 12 Advertisements
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Advertisement299 1998-03-06 12 A J *I■ r y I I I Conditions: Existing SIM Card mutt be an active Kim. Existing SIM Card must ba surrandarad and lina tarminatad at point of pvrchaaa Not appticabto with any other offers Offar valtd whilst stocks last Min. 12 months Subscription, otherwise tha MO Vouchor IDD299 words
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Page 13 Advertisements
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Advertisement98 1998-03-06 13 »«£<&£,<<. rfnn—HlßMWB«M^P^. f^■ JH Hill 1 Jfl WV* W7%. t■ P MP -*i£i> t/J&E '.,JHH^H Jfl !lp^ x ,^Pr; wf if-// Ai IiM'H^^MBWi^MI J "/ir T 1 k x n ft£Mt ..k^,"vFjSm fe. ;kr k'k»-" MMfciid lii f-ii'iiffff *j^V J I I HI H m Passat 1.8 Turbo Guaranteed COE98 words
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EDITORIAL & OPINION
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Article, Illustration684 1998-03-06 14 Shada Islam - TBB BOTTOM LIMB OPINION By Shada Islam The writer is a Brussels-based journalist who contributes toBT FIRST came several months of silence as the European Union's top policymakers struggled to allay concerns that Asia's financial woes could endanger the launch of684 words
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Article128 1998-03-06 14 'If I don't work hard, I will go to hell and we already have Stalin and Lenin very well placed there, so they may torture me.' -Lech Walesa former Polish president on why he started the anticommunist revolt with the Solidarity movement. 1 am the most famous128 words
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654 1998-03-06 14 EDITORIAL INDONESIA'S President Suharto faces a painful dilemma The international community wants him to implement vigorously the IMF's reform programme. But he believes the IMF programme is not working. The Indonesian leader wants to supplement the IMF programme by introducing a controversial currency board system654 words
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Article, Illustration1085 1998-03-06 14 Guy de Jonquieres - The new world trade war will not be over tariffs. It will be over market regulation flj/l Guy de Jonquieres FT WHAT does Asia's crony capitalism have in common with Europe's mad cow scare? The answer is that both show different aspects ofFT; FILE PHOTO - 1,085 words
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350 1998-03-06 14 Tan Kok Tim Singapore via Internet - MAW.WHT Tan Kok Tim Singapore via Internet I REFER to your editorial "Haze again: Key role for Singapore?" (BT, March 4). The haze will be back soon. This year, it will return earlier than expected. Ministers from the three countries have completed their350 words
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Article511 1998-03-06 14 CMm*i Im of raionn HE LEFT as quietly as he came. In doing so, departing National People's Congress chairman Qiao Shi strengthened the practice of orderly power transition in China started by the late Deng Xiaoping. That alone was a substantial contribution to national politics by511 words
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Page 14 Advertisements
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Page 14 Miscellaneous
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Miscellaneous14 1998-03-06 14 POOMESBDET By Garry Trudeau 1 COMF72MC >*fyW TWtfT I I RGSfQN. IPONTTKNQtU f I14 words
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Page 15 Advertisements
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Advertisement253 1998-03-06 15 Where to wine, dine and (SIIIII ■■■■■ill i What better way to celebrate a great week than Sunday Brunch at The C.i(e-in-The-ftrfc? Enjoy the finest brunch and service at only $28* per adult (only $14* (or the kids). Then toast your good fortune with Gold Sett Champagne, each glass glittering253 words
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Advertisement96 1998-03-06 15 I coffee house _3 Ifs a Celebration! SSSL Delight the kids with a treat l this weekend. 7 HIGH TEA Saturday, Sunday Public Holiday I f2 Adult $1 J.#ft+-M+> r Cbad 9 MAGIC SHOW Every Sunday For reservations, please call 733 2081 CXt 468 APOtLOHOm Cheers a riight of I96 words
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Advertisement151 1998-03-06 15 Enjoy Western dishes and Asian Cafe Vienna Open from 6am to lam, its popular buffets for lunch, high tea and dinner are among the best— m CROWN E PLAZA' SINOAPORf Fmmmiy rbt Rty*l Im Crmm PUta Fmr rtsm+ttoms. pitas* call 731-7932 25 Scotts RoaJ. Singapore *****0. Tti: (65) 737 7966151 words
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Advertisement340 1998-03-06 15 Pit's am it "THctU'! n it it tiaiif CluiifM Ikli mbii. 'TUHBOT' II YOUR WAY TO RAPHAEL Turbot the Ultimate Premier Fish As a Unique Appetiser Roasted with modified Sea Urchin Sauce or Poached with Lemon Grass Sauce As a Sensational Main Course Pan-fried with Horse Radish Butter Sauce or340 words
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Advertisement131 1998-03-06 15 s faiwmT J mmMMAm* tlk 'loot j Delight in a meal for four i and enjoy 25% savings j on your next meal for two i a CallB3l-6271f0r reservations m Mandarin QQ SifUfaporr J 333 Orchard i(o«d, Singapore *****7. Td: 737 4411 j 1. TVvj KmtcU W«>i Hao CUi»»«j« ReifMwrahV,131 words
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Page 15 Miscellaneous
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Miscellaneous725 1998-03-06 15 TV&RADIO Premiere 12 Our Choice). (Drama) News 5 Tonight. 7.30 Tamil Seithi. j V I PM TV Innovations. 11.00 Business Day. 840 Berita 12. i *-J® Blitz: Alf. UM Friday Supper Treat 840 TeknoM3. I i 440 Dexter s Lab. Schindter's List. 8.00 Teater Komidi. 8.00 Mole In The Hole.725 words
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Miscellaneous235 1998-03-06 15 CBTPTIC CROSSWORD 1 Delivery charge for a flowering fortemporary accommodation A hearing device Edward's got IS Daring to vex a social worker —LmJ HHV6~T —M 17 Accustomed to being in em- hJ LmJ— Awfully posh Italian opening —-Jliß__plJlL_|flil^|(^Z|||KZZJlillllllll|^ll church refUge (7) 24 J about the air (7) 27 Time to235 words
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EXECUTIVE LIFESTYLE
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Article, Illustration781 1998-03-06 16 SIAN JAY - A former Singaporean model leaves the glamour world and finds tranquillity in a chateau in France, suir jay reports SIAN JAY IT'S just another way of living, explained Jeane Seah about her life in a chateau in the heart of France. This former Singaporean model781 words
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Page 16 Advertisements
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Advertisement553 1998-03-06 16 lUsi '»I'»T JI Corporation I Keppel Corporation Limited I (Incorporated in the Republic of Singapore) I 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1997 I The Directors of Keppel Corporation Limited advise the following unaudited results of the Company and of the H Group for the year ended553 words
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Advertisement142 1998-03-06 16 ATRIUM HOMES 80 years of Award Winning Designs Experience Perth Western Australia Release in Perth House and land packages fully rfHfe IRi J constructed and ready to move in! lj IJ| Prestige homes from 5 minutes Majestic double storey homes jjj in prime locations Easy access to all amenities Short142 words
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COMPANIES & MARKETS
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409 1998-03-06 17 Conrad Raj - BANKS TAKE A BEATING Agency says it is not responding to banks' results but to their regional exposure By Conrad Raj [SINGAPORE! Moody's Investor Services has cut the ratings outlook for all six local banks to "negative" from "stable" because of409 words
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Article, Illustration339 1998-03-06 17 Clarissa Tan - By< Clarissa Tan BANK stocks put up moderate resistance yesterday, against recent announcements by DBS Bank, Keppel Bank and Tat Lee Bank of their worst results in recent history, and rating agency Moody's cut in Singapore banks' ratings to "negative". After a rocky daySource: Bloomberg - 339 words
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318 1998-03-06 17 Siow Li Sen - Right move to cash in on expansion opportunity: analysts By\ Siow Li Sen (SINGAPORE] The timing may seem awful but tapping shareholders for cash now is the right thing for DBS Bank to do if it wants to grab "opportunities of a lifetime" that318 words
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796 1998-03-06 17 Catherine Ong - HOCK LOCK SIEW Catherine Ong IS THE stock market being overly pessimistic about DBS Bank? It would appear so. Yesterday's selling, which took the DBS Foreign tranche down 90 cents to $11.60 and the Local 20 cents lower to $8.60, came a796 words
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Article, Illustration280 1998-03-06 17 Abdul Hadhi - By, Abdul Hadhi [SINGAPORE] Piling contractor CSC Holdings has received in-principle approval from the Stock Exchange of Singapore for a mainboard listing. At a briefing, company officials disclosed that the initial public offer (IPO) to be fixed at a later date willCHRIS LOH - 280 words
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REGIONAL COMPANIES
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455 1998-03-06 18 Conrad Raj - Slide blamed on softer property market, Eeppel Pels, hanking arm's provisions Ry\ Conrad Raj KEPPEL Corporation surprised most analysts by reporting a worse-than-expected plunge in group net earnings to $171.11 million for the financial year ended Dec 31, 1997, down 16 per cent455 words
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228 1998-03-06 18 [SINGAPORE] Sesdaq-listed Serial Systems yesterday posted a 29 per cent decline in net earnings to $2.18 million from $3.04 million for its first half-year to December 1997. Turnover rose by 6 per cent to $96.26 million from $90.91 million in the previous corresponding period,228 words
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158 1998-03-06 18 [SINGAPORE] Sembawang Corporation yesterday said it wiU not be making provisions in its current year earnings for its ongoing litigation with Swiss-based Allseas over the pipe-laying vessel Solitaire. An arbitration tribunal in London has issued two non-fi-nal awards on the matter of158 words
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502 1998-03-06 18 Russell Baker - Market value of NZsB3m against book value of NZsl29m From Russell Baker in Sydney THE market value of Brierley Investments Ltd's Asian investments has been savaged by the regional turmoil with the company admitting it is now trying to "weather the502 words
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450 1998-03-06 18 Sluggish market delays mortgage securitization scheme AFX-Asia [HONGKONG] Wing Hang Bank Ltd said it is seeking to launch a HK$l.5-$2 billion (*****.2-$425.6 million) mortgage securitisation scheme in the second half after a first attempt in November failed due to poor market conditions. Chairman PatrickAFX-Asia - 450 words
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360 1998-03-06 18 Ang Wan May - It provides $35m for potential loss in value of devt properties By Ang Wan May [SINGAPORE] Property company Wing Tai has knocked off $34.8 million from its interim profits for potential loss in value of development properties, resulting in a 49 per cent drop360 words
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218 1998-03-06 18 (SINGAPORE] Inter-Roller Engineering yesterday reported a 58 per cent dive in 1997 net earnings to $787,000. But it expects 1998 turnover and profits to be "significantly better" due to strong order books. As at December 1997, the group had outstanding orders218 words
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Article, Illustration561 1998-03-06 18 Reuters [KUALA LUMPUR] Prime Minister Mahathir Mohamad yesterday blamed currency speculators for Malaysia's banking woes, but a US rating agency questioned the central bank's ability to supervise the industry. The divergent views reflected concerns over fallout from large losses at the fifth largest bank,Reuters; REUTERS - 561 words
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COMPANY Briefs
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69 1998-03-06 18 [SINGAPORE] Asia Food Properties Ltd plans to sell a factory for $5.5 million. Its subsidiary, AFP Industry Pte Ltd, intends to give Paper Box Industries (1988) Pte Ltd an option to buy its Jurong Town Corporation factory whose lease expires on April *****.69 words
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54 1998-03-06 18 [SINGAPORE] Sesdaq-listed Serial System Ltd has clarified that the 17.81 million shares to be privately placed to US-based Marshall Industries for $11.94 million constitutes 9.5 per cost of its existing issued and paid-up capital. Marshall Industries has the option to raise the stake to 1854 words
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48 1998-03-06 18 [SINGAPORE] Flextech Holdings has new substantial shareholders, FMR Corp and its subsidiary Fidelity International Ltd. Their stake in the listed company is now 5.08 per cent, up from 4.91 pa- cent previously. The Flextech shares are held by four fonds they manage.48 words
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58 1998-03-06 18 Bloomberg [KUALA LUMPUR] [Consortium Perkapalan Bhd and PNSL Holdings Bhd yesterday requested immediate suspension of trading in their shares, pending an announcement of "a development". Both companies are controlled by Prime Minister Mahathir Mohamad's eldest son, Mirzan. TheKonsortium stock fell eight sen to RM3.62 in recentBloomberg - 58 words
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Article49 1998-03-06 18 Bernama [KUALA LUMPUR] Johor Port Bhd has reported a group pre-tax profit of 65.51 million Malaysian ringgit(Ss27.s million) for the year ended Dec 31, down 5.8 per cent from RM88.58 million a year earlier. Turnover came to RM213.9, up from RM194.7 million. —Bernama RegencyBernama - 49 words
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Article, Illustration384 1998-03-06 20 Quak Hiang Whai - Move by Cheong Kong and Hutchison to set up Harbour Plaza Hotels Resorts cotild lead to another listing From* Quak Hiang Whai in Hongkong IN their latest spin-off and what could be a prelude to another profitable listing, Li Kashing's Cheung384 words
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424 1998-03-06 20 AFP [SYDNEY] Australia's BHP said it would cut 300 jobs as ratings agency Moody's Investors Service warned yesterday it could downgrade the big miner after the shock departure of its chief executive. John Prescott's resignation on Wednesday after 40 years with the once-great miningAFP - 424 words
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Article, Illustration431 1998-03-06 20 It sees 30% fall in domestic sales in '98 on economic woes Bloomberg [SEOUL] LG Electronics Co, one of South Korea's big three electronics makers, said yesterday its net profit surged 41 per cent last year to 91.6 billion won (Ss94Bloomberg; Source: Bloomberg - 431 words
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247 1998-03-06 20 Deal may save Procter Gamble's Viet unit AFP [HANOI] US giant Procter and Gamble and its Vietnamese partner have reached an agreement that will keep the troubled joint venture in operation, a Vietnamese official said. "The two sides have come to an agreement and will submit it to the responsibleAFP - 247 words
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219 1998-03-06 20 Bloomberg [HONGKONG] A Hongkong court has approved the sale of failed investment bank Peregrine Investments Holdings' Greater China equities team to Banque Nationale de Paris whUe criticising the way it was handled. High Court Judge Anthony Rogers said Price Waterhouse,Bloomberg - 219 words
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REGIONAL/INTERNATIONAL COMPANIES
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Article, Illustration527 1998-03-06 21 Surprisingly weak demand from personal computer makers, it says Reuters [SAN FRANCISCOI Semiconductor giant Intel Corp stunned Wall Street on Wednesday with a warning that its first-quarter results would be disappointing due to surprisingly weak demand from personal computer makers. "Weaker-than-anticipatedReuters; Source: Bloomberg - 527 words
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121 1998-03-06 21 Bloomberg [TOKYO] Mitsubishi Electric Corp said yesterday that fall ing prices of desktop personal computers in Japan may force it to leave the business. Increasing competition and shrinking demand are making the business less profitable, said a company spokesman. "We are not profitingBloomberg - 121 words
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259 1998-03-06 21 It aims to exploit its brand, offer broader product range FT [LONDON] The world's favourite airline wants to be the world's favourite personal finance provider. British Airways is aiming "to become as successful in global financial services as we are inFT - 259 words
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Article, Illustration53 1998-03-06 21 [NEW YORK] Microsoft chairman and CEO Bill Gates talking to Jose Ramirez, 11, as he works on a laptop computer at the Mott Hall School in the Harlem section of New York City on Wednesday. Mr Gates was visiting the class that uses laptops as personalREUTERS - 53 words
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307 1998-03-06 21 FT DUSSELDORF Veba, the large German power and industrial conglomerate, has agreed to plans to merge the Frankfurt-based Degussa chemicals company with its Huls chemicals operations, forming a separately-listed company with a 25 billion marks (5522.6 billion) turnover. The move follows Veba's acquisitionFT - 307 words
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187 1998-03-06 21 FT [AMSTERDAM] Bols, one of the most esteemed and well-es-tablished spirits brands in the world, was on Wednesday put up for sale in what will be only the third time it has changed hands since the distillery was founded in Amsterdam in 1575.FT - 187 words
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FINANCE & COMMODITIES
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434 1998-03-06 22 Leon Hadar - Money committed to two funds in deal with firm managed by Next Century From! Leon Hadar tn Washington SOROS Fund Management has committed US$45 million (Ss74 million) to two funds that invest in private companies in the Philippines. The company agreed to434 words
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229 1998-03-06 22 Bloomberg [WASHINGTON] Daiwa Securities' US unit agreed to pay a US$lOO,OOO (*****,450) fine and U*****,000 in restitution to settle allegations it overcharged American customers trading Japanese securities on the Tokyo and Osaka Stock Exchanges. The National Association of Securities Dealers,Bloomberg - 229 words
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413 1998-03-06 22 Move seen as govt bid to restore public confidence Bloomberg [TOKYO] Japan's 18 biggest banks and three regional lenders applied to the government yesterday for more than 2 tril l lion yen (Ss26 billion) as part of the nation'sBloomberg - 413 words
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194 1998-03-06 22 FT [LONDON] The London International Financial Futures and Options Exchange was dealt a further blow on Wednesday when it was revealed that a new futures and options contract had been abandoned by its market maker. The contract, the futures and options onFT - 194 words
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252 1998-03-06 22 Bloomberg [HONOLULU] Faced with mounting competition for financial services, US banks are easing their lending standards, a move that could lead to trouble for the industry in the next century, Currency Comptroller Eugene Ludwig said on Wednesday. Mr Ludwig told about 2,700Bloomberg - 252 words
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283 1998-03-06 22 Bloomberg [LONDON] Lloyds of London said the High Court has ruled in its favour on a dispute with 616 investors, which will allow the insurance market to begin collecting money they owe. These individual UK investors, called "Names", had rejected a market-wide settlement offerBloomberg - 283 words
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183 1998-03-06 22 Charlie Kuo - MSCI TAIWAN VOTDBES Charlie Kuo 5,1998. Charlie Kuo, service dealer, Refco S'pore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract declined on suspicion of lower-than-expected first-quarter earnings from US electronics companies. Intel Corp said its first-quarter earnings will fall short of183 words
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231 1998-03-06 22 ENERGY REPORT Bloomberg (VIENNAJ Opec's attempt to prop up sagging oU prices is likely faU after Venezuelan oU minister Erwin Arrieta said he won't attend a proposed meeting of all 11 members later this month. Rllwanu Lukman, secre-tary-general of the Organisation ofBloomberg - 231 words
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Article273 1998-03-06 22 AFP London DOLLAR/yen gains were overshadowed late in Europe, by the rally dollar/mark staged after a German central banker was quoted by a newspaper as saying he saw no need to raise German rates before 1999 and that conditions may be in place for a cut The dollarAFP - 273 words
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Article, Illustration1099 1998-03-06 22 nrmtBAMKCEOSgRATBS Mar 5 A$ C$ —> 101 Ftr NK$ t*»»OM* Tw B$m»» hw »1 Mr m WNK 05$ AattraN* 0.957 6J70 0117 4092 1220 5200 26.544 672)1 0JS5 ATM 243* U54 ***** 27.010 1.109 1310 1994 21.610 30.197 0.406 0173 CM* 1045 5135 0144 4277 1276 5.443 27.744 70-304 0.1941,099 words
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Article1694 1998-03-06 23 aOOMnJTPRBS Mar 5 MIOOCR (MmtcM*«it SJtpm) t$S 1 C0MTIACT<S ewtsAfl) Clou OfM Moiitfc Low Wtt (tw—s) hitortrt Apr 90 120.00 120.00 120.00 50 K5 May 96 122.00 122.00 122.00 SO 3675 Jun 124.00 3325 M/Up99 129.50 4095 Oct/Dec 98 137 25 137.25 OT.25 150 6825 Jan/Mar 99 140.751,694 words
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Article2289 1998-03-06 23 LONDON Mistrials ItarS N«ci *h 31 Group 574 *2 AB Ports 341 2 APPey National 1145 -48 Allied Domecq S66 14.600 Amec 160 *6 Asfla Group 190 -7.600 BATmd 636 -4 BG Pte 305 7 BtCC 147 *7 BOC Group 971.400 11.400 BR Petroleum 857.400 -2 BTR2,289 words
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Article1640 1998-03-06 23 AFP Q Nikkei 225 -247.05 JAPANESE share prices closed 1.4 per cent lower yesterday due to a lack of follow-through activity after falls triggered by banks' reluctance to make active use of public funds, brokers said. The Nikkei stock average of 225 selected issues on the Tokyo Stock ExchangeAFP - 1,640 words
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Article, Illustration1332 1998-03-06 24 AFP QHaagSeag -547J3 HONGKONG share prices dropped a sharp 4.8 per cent yesterday on worries about Arming domestic interest rates and currency volatility in the region, dealers said. The key Hang Seng Index fell 547.13 points to close at 10,803.68, off a high of 11,161.49 and a low ofAFP - 1,332 words
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Article, Illustration584 1998-03-06 24 Reuters Q Shenzhen BJnlex -110 CHINA'S hard currency B shares closed sharply down yesterday, mainly due to renewed fails on the Hongkong stock market, brokers said. In Shenzhen, the B Index fell 2.10 points, or 2.18 per cent, to 94.10 as turnover rose to HK$25 million from HKJII million.Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 584 words
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Article280 1998-03-06 24 AFP □wpfata -ma TAIWAN stocks dipped 2.4 per cent yesterday amid bearish sentiment on strong selling of technology issues, dealers said. The Taiwan Stock Exchange Weighted Price Index dropped 212.22 points to 8,765.32. Turnover dropped to 2.99 billion shares worth NTJ182.83 billion from 3.37 bil- lion issues valued atAFP - 280 words
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Article, Illustration660 1998-03-06 24 AFP H&apont»M«x INDONESIAN share prices ended 2.7 per cent higher yesterday amid higher turnover among overseas-listed shares and a weaker rupiah, dealers said. "It's the same old story: we're up on arbitrage," said a dealer with a Hongkong-based brokerage, referring to the rise on heavy trading of overseas listedAFP - 660 words
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Article, Illustration785 1998-03-06 24 AFP □set Mm -MuM THAI share prices ended yesterday a sharp 3.6 per cent lower amid heavy foreign-led selling in blue chips as regional worries and the weakening currency spooked investors, dealers said. The Stock Exchange of Thailand (SET) Composite Index fell 19.01 points to close at 509.23 points,AFP - 785 words
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Article265 1998-03-06 24 AFP □Muni* -1L77 PHILIPPINE share prices closed 0.5 per cent down yesterday as the government announced that February inflation had risen by a higher than expected 7.4 per cent year-on-year, analysts said. The Philippine Stock Exchange Composite Index fell 11.77 points to close at 2,207.54 points. Turnover fell toAFP - 265 words
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Article366 1998-03-06 24 AFP nOmpwitehiß jjJg SHARE prices nosedived to close 6.5 per cent lower on the Korea Stock Exchange yesterday on foreign profit-taking which intensified panic-sell-ing by local investors across the board, dealers said. Foreign investors placed futures-led selling orders, triggering mass profit-taking by institutions, dealers said. The Composite Index closedAFP - 366 words
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Article565 1998-03-06 24 AFP QillOriaana -52.7 AUSTRALIAN shares slumped 1.9 per cent yesterday as fallout from the resignation erf The Broken Hill Pty (BHP) chief executive John Prescott impacted on the market, broke"'thbik the extent ofBHFs rise on Wednesday was a kneejerk reaction and it's no surprise it pulled back today," oneAFP - 565 words
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Article241 1998-03-06 24 AFP □Wellington -3MO NEW Zealand stocks fell 1.4 per cent yesterday in reaction to a 1.9 per cent fall in Sydney. The NZSE-40 lost 32.90 points to 2280.38 on turnover of NZ$75 million with market leader Telecom Corp losing 8 NZ cents to NZ$B.23. Brierley Investments fell 3 NZAFP - 241 words
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KUALA LUMPUR STOCK MARKET
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Article9074 1998-03-06 25 INDUSTRIALS Conmtr proivcts ••M Lest V«4 Day Net Cap MM* Law Company Sal* OOP Hiqh Law P/C $mll 310 180 Ajinoftvoto 260 unch 2 260 260 14.4 105.4 M» 73 Anqkasa 117 2 59 120 115 2.7 172.5 290 123 Apollo Food mg 210 10 30 211 203 6.1 M.O9,074 words
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Article, Illustration591 1998-03-06 25 Bloomberg Transaction Date Mar 5 Ci Composite Index -915 MALAYSIAN stocks fell for a fourth day, led by banks, on concern that a teetering property industry and rising interest rates will saddle banks with more bad loans. The 100-stock Composite Index dropped 9.15 points, orBloomberg - 591 words
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WARRANTS & OPTIONS
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Article3581 1998-03-06 26 BONOS, LOANS i VARIANTS m 1997/9* LMt Val Day Last Qvota• A»f HI** Law Stno Company Sal* ♦or- COOO) High Law »uv*r JaUaf P*c« 68 9 m 3000 m AMDBcS.5%*****6 17 15.5 17.5 81 8 3160 *Acar ******1 USS US 14 unch 46 14.5 13 13 14 131 8.5 31643,581 words
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179 1998-03-06 26 R Sivanithy - WARRANT WATCH By R Sivanithy IT'S been some time since we reviewed what was once one of the local market's favourite punting counters the Antah 1999 warrant. Since it has not been in the picture much lately, perhaps an update might be timely. The179 words
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Article2242 1998-03-06 26 MALAYSIAN STOCKS P Or Cr 1997/96 Last Vol Day LaatQuata Hi Mv W M M Cap High Law Stwe Con—ry Sa» rOOO) High Law Buyar SaOaf C yr H P/t SnMI 478 28 ms 5000 AIS850c 97 -2 1037 105 93.5 96.5 97 5.0 13 U 40.6 99.52,242 words
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STOCK EXCHANGE OF SINGAPORE
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Article1768 1998-03-06 27 TURNOVER ('OOO) VALUC (000) Mrtl ct» Mate cn» t«ui iMujtriai 108,590 125,179 233,769 188,309 81.402 2*9.711 f intnc* 12.290 55.815 68.105 95,324 4S.515 Hottts 2.144 2.435 4,579 2,880 1.138 4.018 Prot«fli«s 15,205 38,785 53,990 33,938 t*j997 50 935 Pt«nt«tton 8,357 8457 9,991 9.991 uinina 1.898 1.898 U514 1.514 8LW 4.6801,768 words
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Article4812 1998-03-06 27 Transaction Date: Mar 5 Qr Or M Wt looT/oa Last Vol Day Last Ouata B» Otv YM Mat Cap A»g Ml* Taw StNo Company Sala COOP) High Law Buyer Seller C*r P/I WMt« INDUSTRIALS 157 115 a 1020 ACE Dynamic s60c 37 J5.5 36.5 J#3 5146 ASENTSK)200 US-4,812 words
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Article953 1998-03-06 27 1997/96 LMt Day Iftftt Omtft W» Mv *M Nftt Cftft Avft Hl» L— «tW» ClW|lft» 8* COOOl H» Um Imr Cw W I— WW IM 7ft 1000 ABRWftgiSc »i «0 33 63 0.2 147J «U »6 446 7ft 4 2049 AS AutotOc 167 "J SO 1*7 *7 16ft 167953 words
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Article213 1998-03-06 28 Stacks Vo4mm Resources 25,387,000 'Among BM 50c 24,735,000 Ewyknit HWOc 22,518.000 *Rekapacific Bk 19,081.000 Asm Food&Prop 19.010.000 •MRf caortal 18.574,000 •Pub N Foreign 11,022.000 •ferjaya Group 10,794,000 •yniphoenix 9,045,000 Henong WtOO 6,557,000 Mk>B MS Foreign 44,295,729 SJA Foreign 24,436,808 H Resources 24.040.120 SfH Foreign 20,085.525 OCpr Foreign 17,029,098 U0« Foreign213 words
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Article, Illustration64 1998-03-06 28 Shiv Taneja - by Shiv Taneja THE Foreign tranche of Public Bank closed four and a half cents lower yesterday at $0.85 on a volume of 11.02 million shares, compared with its lOday traded average of 7.68 million units. The daily and weekly RSI and Stochastics indicate further downside in the64 words
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Article, Illustration653 1998-03-06 28 R Sivanithy - Selling of bank stocks well-contained; a big surprise is Tat Lee Bank's 2-cent gain after an 8% plunge over its $38m loss STOCK MARKET COMMENTARY By R Sivanithy [SINGAPORE] The local stock market as represented by the Straits Times IndustrialsChart into (Tom Bridge - 653 words
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ON THE GRAPEVINE
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Article58 1998-03-06 28 OVERHEARD at Raffles Place: "What do you mean by Sime Darby is a blue chip? It's a blue-black chip!" For the uninitiated, Slme Darby, the Malaysian plantation conglomerate, took a hit this week when its 90.4 per cent-owned Sime Bank announced a 1.57 billion Malaysian ringgit ($5658.14 million)58 words
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Article55 1998-03-06 28 THE Lion group, controlled by William Cheng, has scrapped its plans to build a ritzy office tower block along Jalan Raja Chulan due to the economic crisis. Instead, the land, which can easily accommodate 100 cars, will revert to its old status as a car park. Old55 words
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Article62 1998-03-06 28 DURING a discussion on Asian markets, a fund manager lifted his computer mouse and pointed to the "Made In Mexico" label. His point? Other countries have caught up with Asia and can produce the same goods, leaving Asia with few differentiated products. He added62 words
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Article77 1998-03-06 28 WHEN the British Tourist Authority called BT to confirm the paper's attendance at a ceremony to unveil Senior Minister Lee Kuan Yew's wax likeness by Madame Tussaud, the caller said, "We cannot release any photos yet because only the head has arrived. The rest of the body77 words
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Article58 1998-03-06 28 WILL the stalled Bakun dam project in Sarawak be revived? Ting Pek Khiing, the main promoter of the project which was shelved last year due to Malaysia's economic crisis, seems to think so. An indication: his Ekran Bhd has changed Its registered address from Kuala Lumpur58 words
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Article99 1998-03-06 28 THE game of musical chairs in the financial world continues. At Deutsche Morgan Grenfell where, In recent times, changes appear to be an everyday affair, Its equities division announced yesterday the appointment of Pauline Gately, formerly from BZ w Asia, as regional strategist for the Asia Pacific99 words
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Article115 1998-03-06 28 FRESENIUS Medical Care AG, the world's largest supplier of kidney-dialysis services, said it was abandoning a Joint venture in China because it was squeamish about using kidneys from executed prisoners for transplants, Bloomberg reported yesterday. Fresenius was responding to an article scheduled for the next edition115 words
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Advertisement55 1998-03-06 17 XJTK. property finance FROM SINGAPORE. For further information, please contact either v.,* Joyce Tan, Eileen Tan or Amy Wee at Tel: (65) 225 1233 and Fax: (65) 225 8013 Highly Competitive Interest Rate Fast and Convenient Service Flexible Loan Package Pre-purchase Approval yi£ The Royal Bank of Scotland pic Six55 words
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Page 18 Advertisements
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Advertisement86 1998-03-06 18 I BlUll BANQUE INTERNATIONALE I 1W A LUXEMBOURG BIL < ASIA LTD I We are pleased to announce that I I Butterfield Trust (Singapore) Limited I I Butterfield Corporate Services (Singapore) Re Ltd I m have changed their names to I 1 BIL Trust (Singapore) Limited I I BIL Corporate86 words
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Advertisement176 1998-03-06 19 Qourt o°hospitality, is the first service apartment operator to achieve such an impressive figure. Jm L Judged on diverse aspects of quality from management responsibility to service excellence, the award is recognition that Liang Court Hospitality succeeds in its stated corporate mission: simply, to make you feel at home. URfiG176 words
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Advertisement360 1998-03-06 20 BIFSIM t!gg Notices To advertise call toll-free 1800-*****83 r THE COMPANIES ACT A CHAPTER 50 SECTION 290(2Xb) NOTICE Off RESOLUTION WEfTOfl INVESTMENT PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of Weitor Investment Pte Ltd held a? 3C Tanglin Hill. Singapore *****4 on the 26th day of360 words
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Advertisement362 1998-03-06 20 r THE COMPANIES ACT A CHAPTER 50 SECTION 290<2Xb) notice Off resolution caao CONSULTING PTE LTD (IN MEMBERSVOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of CMG Consulting Pte Ltd held at 78 Shenton Way, #13-03, Singapore *****0 on the 24th day of February 1998, the following special resolutions were duly362 words
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Advertisement407 1998-03-06 20 f RVT ASIA RTE LTD 1 /la. >!■ ■■ill UAlimtaMi (in MvmDvrs voluntary Liquidation) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed company, which is being wound up voluntarily, are required on or before 11 April 1998 to send in their names yd addresses, and particulars of their407 words
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Advertisement863 1998-03-06 20 BARNACLE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN THAT A FINAL GENERAL MEETING OF THE COMPANY WILL BE HELD ON THE 6TH DAY OF APRIL, 1998 AT 19 AM AT 19 HOE CHIANG ROAD #18-88 KEPPEL TOWERS SINGAPORE *****5 FOR THE FOLLOWING PURPOSES: Agenda 1 To consider863 words
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Advertisement192 1998-03-06 20 r IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 80) AND ■•THE MATTER OF JACKSON PrmOLBUM PTE LTD (In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of theCompanieeActCap 50the final meeting of tha members of the Company wilt ba held192 words
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Advertisement145 1998-03-06 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER* AND IN THE MATTE* OP WEST-ASIAN INTERTRADE PTE LTD. (MEMBERS' VOLUNTARY WINDING UP) NOTICE OP FINAL MEETING NOTICE b berebj girea that the FINAL MEETING af the aboreaaated cow pear will b« bdd el 9 Battery Road #13-I#, Strait* Trad kg Baildia*,145 words
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Advertisement301 1998-03-06 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 80 AND IN THE MATTER OF OMR ON SINGAPORE (PRIVATE) LIMITED (IN LIQUIDATION) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company, which Is being voluntarily wound up. are required on or before 6th April. 1998. to send In their301 words
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Advertisement9 1998-03-06 20 PLEASE REFER TO PG 28 FOR MORE NOTICES ADS9 words
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Page 21 Advertisements
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Advertisement140 1998-03-06 21 Fly of I on Thai, and tee oft in. Bangkok tor as little as $440, or in Bangkok and Pattaya for a mere $480. Fach package includes a round trip economy class ticket hotel accommodation on a twin-sharing basis plus breakfast, Singapore airport tax, transfers and weekday green fees. For140 words
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Advertisement54 1998-03-06 22 FOR SALE r'i 4. Offices, hotels, condominium and retail properties in central Tokyo Prices from US$5 million Commercial land prices are about 80% lower than their peaks in 1991 Attractive returns Freehold properties Interested buyers please contact: TOKYU REAL ESTATE (S) PTE LTD Mr J Quah 732 9533 Mr TTakano54 words
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Advertisement14 1998-03-06 22 The Simez report was not available c fJeAlcle& HR22SH Straits Times Classified Classifications 302-39414 words
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Advertisement13 1998-03-06 24 Buy It. Sell It. Find It. Classified. Call Today For Results Tomorrow. 1800-737-116613 words
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Advertisement18 1998-03-06 25 Make The Straits Times Classified your first pit stop when shopping for your car or motorbike. 1 o18 words
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Advertisement60 1998-03-06 26 /l4ello? I'm calling 50 your advertisement in great...just like c"" "r r, The Straits Times Classified... I V the ad J I The Straits Times Classified. I you still have the puppy... J described, t0 e rea V^TN"' h r sht x. Buyins or selling through fk&r- The Straits Times60 words
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Page 27 Advertisements
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Advertisement6 1998-03-06 27 4 e XCELLENCE v NEVER ACCIDENT6 words
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Advertisement12 1998-03-06 27 Shangri-La Hotel Unit 110, 1 I Singapore Tel: 732 5689 732 072112 words
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Advertisement10 1998-03-06 27 The full use OF TODAY /V THE BEST PREPARATION f<"TOMORROW10 words
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Advertisement40 1998-03-06 28 BLUE CHIP STOCK As famousas the ole greenback I You've arrived. You're at your prime. It's time to get what's due. [HftflLEY-DAVIDSON! SOLE AUTHORISED DEALER: HARLEY-DAVIDSON OF SINGAPORE* 1994. PTE LTD 255 ALEXANDRA ROAD TEL: 475 0123 FAX 472 890040 words
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Advertisement1358 1998-03-06 28 THE STRAITS TIMES CLASSIFIED YOUR GUIDE TO MORE PRODUCTS SERVICES y£j ATntinoe To advertise call toll-free 1800-*****83 IN THE MATTER Of THE COMPANIES ACT, CAP. 90 AND IN THE MATTE* OF SUPREME ACE INTERNATIONAL PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) Al an hx inordinary General Meeting of the member* of1,358 words
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Advertisement332 1998-03-06 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KLOECKNER SINGAPORE PTE LTD (In Creditor*' Voluntary Liquidation) NOTICE OF SPECIAL ANO ORDINARY RESOLUTIONS [PURSUANT TO SECTION 290<2Xb)l At an Extraordinary Ganaral Meeting of me Company held at 1001-2 Evergo House, 36 Gloucester Road. Wanchai. Hong332 words
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SHIPPING TIMES
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Article312 1998-03-06 29 Bridge News, Reuters FIRMER levels were talked on the key US Gulf to Japan grain run with a vessel repohedly fixing at over US$2O.OO without' combination port discharge. The Baltic Freight Index dutifully rose as it was told to, up 7 to 1102, Clarkson Securities Ltd, said inBridge News,; Reuters - 312 words
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Article227 1998-03-06 29 CWTOMribnUan _.OTO *0.02 57 ChOMHu* 0.44 uncfi 7 Cotco »>vntm«nt 0.80 rrataMLM* 0.33 unch 2*4 GSHoMnqt 0 33 -001 3 HaiSunHup 0.545 -0.025 SO* NRacMZMM 0405 -aoos 20 IMCMaMnfi MK 5.60 Jmt* I HMh>9i 045 -0.005 a JW9M Shipyard —7.90 *010 1*2 HmSOtrp 4 JO -0.10 1458 mppiirm227 words
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529 1998-03-06 29 Felix Chan - Its planned sale by parent unlikely to result in major changes to status qno By Felix Chan [SINGAPORE! Unperturbed by the economic turmoil in the region or its planned sale by its UK-based parent, Inchcape Shipping Services is planning to add new offices529 words
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314 1998-03-06 29 Reuters [TAIPEI] Asia freight rates are expected to go on rising sharply due to an expected draft restriction at the Panama Canal, shipping brokers in Taiwan said on Wednesday. Shipping brokers said the panamax-class freight rateReuters - 314 words
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777 1998-03-06 29 Selva Kumar - ADMIRALTY CASEBOOK By Selva Kumar THE House of Lords in England recently upheld a 142-year common law principle that a shipper of dangerous goods is responsible for the carrier's loss even if it was unaware that the goods were777 words
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Article, Illustration371 1998-03-06 29 Marcus Hand - Taiwan company will make the first sailing from Malaysian port tomorrow By] Marcus Hand [SINGAPORE] Taiwan's Cheng Lie Navigation Co (CNC) is expanding its intraAsian service from Japan and the Far East to Singapore and Port Klang. The new weekly, fixed371 words
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Article, Illustration159 1998-03-06 29 [SINGAPORE] The Maritime Port Authority (MPA) of Singapore has issued navigational warnings to ships and leisure craft after World War n mines were found in Singapore port waters. The three mines (labelled Ml, M 2 and M 3 on map) were discovered159 words
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Article, Illustration1021 1998-03-06 30 CONTAINER SHIPPING The industry, by ordering ever larger vessels, continues to test its limits but has yet to agree op the optimum size ABS Surveyor T HE maritime world has seen its share of failed technical and economic promises. For the moment, it remains unclear whether thisABS Surveyor - 1,021 words
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323 1998-03-06 30 PACE ESP Lines 14 Amazon M Ethiopian 6 ANL 3 Evergreen 6 Accord S F *w"* M Ahrenkiel M FoongSun 8 Appenshtp 5 F »5 AsiaOCL 15 WLinfcs K Astro 3 G Link 4 Austral 9 Geraartrans S Avant 16 Genshpg 9 B'tang323 words
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Article16551 1998-03-06 38 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser V«sn Voy age Telephone ETA ETA Advertiser VMM* Voyage Telephone SM Oestti Nam* Nam* Number Number SIN Dest'n Nam Kama Number Number A 09/03 02/04 Straits KWANGTUNG VI (5-*****00 A 10/03 10/04 COSCO VU HE 01Z1C *5-22*1900 T0 To BUENAVENTURA (BUN) 205916,551 words
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SHIPS IN PORT
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Article684 1998-03-06 45 Vossot Voy Mo Nftfc jBW Ooforturo JilNI Aala Soraya 0490 JO] llwpi9i 05.01/20* M MMl MARS JOI allkplll 94.01/94* H LMNI 0312* JOI ttrnpm 04.01/0*0 H Man 0103* JOI <toa«sMi 04.03/2100 NSIMatu 0201* JOI 0541/23* M Solum J 0103* JOI «iMpMt 05.03/1*0 M Mai j 0103* JOI lllkpHl684 words
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Article1383 1998-03-06 45 RECEIVING OF EXPORT FCt CONTAINERS AND La CARGO >iiMh/Wmci Rstls BHp Vn Itfc/Hr NrtM Frw To Frow ka Mt, l» 04/0400 II 09A9M 09/MM 05/1400 05/1500 05/14M 05/1400 2A M/rrtX) 04/04W */OWO a 9VTTOO SI/MM 04/0400 04/0700 Os/UOC 4 04/1200 04/MM 04/T700 Mi MM SH WM M «M1,383 words
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Article197 1998-03-06 45 Mar IT United Kingdom: St Patrick's Day. ■arM Japan: Vernal Equinox Day. Mexico: Juarez Day. Greece: Independent Day. AprP Hong Kong: Chlng Ming Festival. AprT Brunei: Hari Raya Haji. Malaysia: Hari Raya Haji. A#r Denmark: Maundy Thursday. Mexico: Maundy Thursday. Apr M> Australia: Good Friday. Canada: Good Friday.197 words
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Article847 1998-03-06 45 THIS report, compiled by Cockett Marine Oil Ltd. show* price range* In US dollars Instead of single price* for a more comprehen live description of the market Prices shown are based on averagesized stem Market movements are lndlcat ed. The Cockett Bunker Price Index change and847 words
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Article477 1998-03-06 45 Cortoo MO Mm 10M.5 0J 15.8 O.M KM 0.06 Fat 24 OmhMt Motof BhMm AM II MM No Mom £25 5 0 0 4 1 0 JTZ- MO Am 944.5 0J t3J 0.01 24 0.01 bw 380 Ha 992.0 10 17.9 0.M 48 0.04 %in M/M477 words
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AIR & LAND TRANSPORT NEWS
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393 1998-03-06 46 US carrier expands fleet to take advantage of market opportunities Reuters [CHICAGO] United Airlines on Wednesday placed firm orders for 30 narrowbody aircraft from France's Airbus Industrie, a deal worth between US$l.33 billion (SS2.I billion and US$l.44 billion. United said the order consistsReuters - 393 words
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106 1998-03-06 46 AFP [SHANGHAI] China Eastern Airlines, one of China's leading carriers, has signed an agreement with the US aircraft maker Boeing to buy three 737-300 aircraft, a newspaper reported yesterday. The Liberation Daily said the aircraft would be used on domestic routes and wouldAFP - 106 words
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Article, Illustration42 1998-03-06 46 [GENEVA] Car enthusiasts view vehicles at the annual Geneva Car Show on Wednesday. Around 1,020 models, among them several debut presentations, from 33 countries are on show to the public from yesterday until March 15. REUTERSREUTERS - 42 words
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169 1998-03-06 46 Reuters [SEATTLE] Unexpected air turbulence rocked a packed Alaska Airlines jet on Wednesday, injuring seven people and forcing the plane to make an emergency landing, officials said. Alaska Air flight flight 684 was heading from Seattle to Las Vegas when it encountered theReuters - 169 words
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141 1998-03-06 46 Reuters [LONDON] TNT Worldwide Express said it is poised to buy new aircraft and is in talks with the pan-European Airbus. TNT, part of Kon PTT Nederland, made the comments in a statement accompanying news that this week it started flying twoReuters - 141 words
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Article, Illustration68 1998-03-06 46 [OFF AKASHI STRAIT] Akashi Kaikyo Bridge, the world's longest suspension bridge, is near completion and due to open in western Japan in ApriL The bridge, linking Japan's western city of Kobe (far right) with Awqji island (left) over Akashi Strait is a three-span,REUTERS - 68 words
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256 1998-03-06 46 Service will end on March 29, after only 4 months of operations Bloomberg [MUNICH] Deutsche BA, the German unit of British Airways pic, said it will drop its Frankfurt-Munich service after four months of operation, after business on Germany's third-busiest route fell shortBloomberg - 256 words
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165 1998-03-06 46 Reuters [LONDON] British Airways pic said on Wednesday paying passenger traffic in February rose 4.6 per cent, but capacity rose 9.7 per cent to give an overall load factor of 65.5 per cent—a drop of 3.2 percentage points from February 1996. BA said inReuters - 165 words
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356 1998-03-06 46 Higher sales tax continues to squeeze consumer spending Bloomberg [TOKYO] Japan's imported car sales took a record dive in February as higher taxes continued to drag down consumer spending, industry figures showed. Sales of imported autos in Japan declined 39.8 per cent inBloomberg - 356 words
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Article1288 1998-03-06 46 orr mwr it* mw in intm ms ora 2255 MM* ***** 1920 S0326 2355 MM, mn mm uro 2359 Mwti sow* tm torn m MM H***** 2045 CU54 WW S0285 Z045 «•"•> **7« 1310 VW742 0905 M SOW 1510 S0M2 0«0 WI74B 6*956 US SOW HIS1,288 words
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Page 29 Advertisements
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Advertisement18 1998-03-06 29 Breaking the 8,000-TEU barrier The industry, by ordering ever larger vessels, continues to test its limits. Page 218 words
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Advertisement65 1998-03-06 29 I 1 I PURE NEUTRAL NVOCC TO: 1 I USA HONG KONG PUSAN OTHERS 1 We Are Master Co-loaders, Call Us Now! M jjj dM m SINGAPORE: MALAYSIA: M 120 Tanjong Pagar Road PENANG Tel: 04-*****36 (10 Line# jjjfl ISp Mac-Nels House Singapore *****2 Cafl: Yen Nee/Miss Khoo ill Tel:65 words
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Advertisement19 1998-03-06 29 United orders 30 Airbus jets worth US$L4b US carrier expands fleet to' take advantage of market opportunities. Back Psfß19 words
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Page 30 Advertisements
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Advertisement980 1998-03-06 30 NORTH AMMO A 1 EXPORT 1 I OTHER DESTINATION^!I BSX-SUPER SHUTTUIXPRISS-DIRECT TO LA (DWCCT SCBVTCg TOWEST COAST SOUTH AMERICA/ABIA AND6B EXPWEBB SEWVICg |t) wr row u» o*l m ok «t Maroon rasa »ot I an Imuzmio iwwbm cauao to mmm awtommsta iumuuo ooamm wn u/m ii/m v/n m/m m/m m/m980 words
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Advertisement654 1998-03-06 30 UnesA services represented Members of the (sB3B Memb ®rs of the Registry o< jf.t Singapore Freight forvw.den Accredited Shipping Agents Association Nt'i'V Singapore Shipping Association sailing schedules Place an ad in... Shipping Times Just talk to us... Iris Lira 740-2044 Jarrod Leong 740-2089 EXPORT 3 >opon 2 Hongkong 1 MonOo654 words
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Page 31 Advertisements
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Advertisement963 1998-03-06 31 TO EUROPE FROM EUROPE Ivcssa vot m w km m w rt 5T vtssa w roii« w sou m i» $m HTCOmOCOH SOW 07/05 20/03 2S/03 24/03 23/03 KXAGfIf 4071 )1/02 11/01 16/01 07/03 Ml KAMI 3100 04/03 24/03 21/03 31/03 25/03 NMTOWMIM 2000 15/02 17/01 20/01 21/02 10/03 MNUK963 words
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Advertisement2244 1998-03-06 31 (g) HANJIN SHIPPING USA I HMV&/VOT IMM siT" UMNMA/VOt SU HW |DMI TO CM W HT MT OOI""I* M. OM |TO TML TO KwmnmtM I m/m 1575i~ omct b/m m/m m/m w/m m/m m/m «/m oi/m h/m h/m m/m I io/m m/m m/m H.NOWDW6OMI M/M M/W SOKnOROTS. 01/ M M/M2,244 words
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Advertisement103 1998-03-06 31 ORIENT EXPRESS UNES (U.K.) LIMITED OS* I (MANAGER FOR SHREYAS SHIPPING LIMITED) WEEKLY SINGAPORE/MUMBAj_(BOMBAY)_SHUnLE_ VRSEI VOY jjjjjggjg tO<MAT VPSIi YOY MMHAY SWCAfOtt CXXL ADMIRAL 014 09/03 18/03 CAPE BONAVISTA 001 22/02 06/03 KEDAH 013 13/03 22/03 OOCI ADMIRAL 013 25/02 09/03 LfERORT 3H 16/03 25/03 KEDAH 012 01/03 13/03 ALBERT103 words
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Page 32 Advertisements
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Advertisement1410 1998-03-06 32 DSR-SENATOR LINES to uk/continent SESSa I KIT 7T LfH IM IW IW W M SESSa WW SM JB IT HHI M lIW KJMALTA WWII 11® SB >J1 11 83 (1 M KM DM CALIHMMAKM WMBIJ «B SB SB SB SB SIM KM HJLOHMOGM WOSI4 118 B M M M K1,410 words
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Advertisement1124 1998-03-06 32 MY LJNE YML w«t> Sit* http: //www.yml.com.tw IJ.IIfTWH'I'IH'H'I B4l'Wl'lj'lUjH .MJIH'I twice meeklyperrthursoaymmmy VCSSCL VOY SIN CM NTO HAM FXT LEH AIM MING STAR ASO9W 06/03 10/03 28/03 26/03 25AJ3 30/03 MING ZENITH JBO9W 08/03 2V03 27/03 28/03 30/03 MALACCA BRIDGE ABIOW 1103 04AM 02AM 01/04 06AM MING EAST JBIOW 15AB1,124 words
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Advertisement480 1998-03-06 32 LINI Br TnttMMMNUblUllll MUARA LABUAN vnsa vot m in vnsa vot nt ra srati mum spob im ma.cum vom/n u/u u/u mi/n u/u m/u iftosw vwi/u i3/u u/u inwra u*/u 11/n 17/u tmcuxT wi/N 17/n m/u wi/n 17/u n/u i rtosrei vok/m h/oj is/w wow üb/u a/u m/u ItCKIWABALUI KUCMWO480 words
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Page 33 Advertisements
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Advertisement943 1998-03-06 33 Iw. VOY MN WW POU PRO PBN BUB BUM RA BBC H MAN 9MOOAAT PJL-1271 1 16/03 14/03 MAN TEYFOUM PJL-1273 18/03 27/03 ACCEPTING CONTAJNER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAUAN, ARMENIA, KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN, TAOZHIKISTAN A GEORGIA VIA B. ABBAS, BIN AfIEMT Wi943 words
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Advertisement1445 1998-03-06 33 K VOX MTS I I SINGAPORE'S GENERAL AGENTS: 6 SHBfTON WAY IB: 22* 19M FAX: 22*2201 OUTWARD d/L) 4295M2 JGHOKE OfHGE; COSTAR SHIPPING Ml lit «i7-mnshk salb/hcs (MSMi/« inwarddeft(d/«i (wtis COSTAI AGENCIES (M) SM BH awftiiTi/moiMi rownmoomw) qiNVßmoNtt otsm/ss t/shptpept 42tst2s ra.->M7-ismafax. i*47-mn7i «tw m a n s iw hx1,445 words
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Page 34 Advertisements
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Advertisement1314 1998-03-06 34 1 SGP ROM ANW HtG THP ZH LHV LHV TUP ROM ANW HBG P*L SGP 11 E. RESULT RW-411 8943 21/93 82/04 2943 31« 9144 12/04 E. GARLAND RE-452 M/ 02 IMB 0942 11/02 1342 9943 043 E. MYW. RW-939 14/03 (344 M 4 HO4 0044 17/04 lIM E. GLOWING1,314 words
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Advertisement972 1998-03-06 34 WSK~ UN=A- I 8BU: (064) *****9 MAMLA: (632) *****34 V PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P. KELAHQ: (CO) *****77 JKE (21)*****07 MP* (81)644MS KUCH64Q <062) *****1-3 MANILA LEHARVE MV "SEVEN SEAS AURORA" V.802N MV "NOL PEARL" V.310W ETA SIN: 8-3-98 ETA SIN: 9-3-98 ALSO ACCEPTING TO972 words
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Page 35 Advertisements
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Advertisement460 1998-03-06 35 i BSA ii. I %MM* MYANMA YBBBk FIVE STAR UNE IMfiwir Nfti*wd Um) w LMdtaf for Yh«m (Rn^mn) rasa m sm m m m MMMM 111 Mn AMA 144W MPT MAiATUA AMIS: OOHSTIAO SMPfMS AMCKS KNL IB 03-03-***** M Mk IB 01-03-*****01 MM IB M-04-MII4M Me IB M-07-2513M1/4 BANK LINE460 words
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Advertisement1150 1998-03-06 35 ▲HYUNDAI MERCHANT MARINE CO. UP. meS» 'IS i/SHw3/w»/" *m»« ii/» mu h/b wg n/g ;»/•> mm smw h/m|m/w v/u m/m «2/m m m/m m/m n/02 21/02 21/ M am m/m TTM 300W 13/M|O3/»3M/N 19/ M 31/ M 31/MSl£3 JW JJ/K */W HTRDBUi HOW H/wl 01/04 02/04 M/M M/M M/M »7/M1,150 words
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Advertisement701 1998-03-06 35 ami %m.kAiwd oufcxaman TO NORTH AND LATIN AMERICA fvßsa vor |UU» hbght !H lax |at ma \vn |ml otf myc mw boi toukom w i«r*sr-ar w TT7ir 7?7ir sw wsr ww ytjw wtr wtr wsr onou FOO7 4001 m LM 20/03 22/04 01/t5 04/05 04/05 01/05 09/05 10/05 15/05 14/05701 words
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Page 36 Advertisements
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Advertisement1528 1998-03-06 36 I?r7irSVPP9PPPfVKPPVPCPPiSVPPi9 bintang mas shipping pte. Ltd. m /TPfiPtfl I Ply 1 39nek.road, smqapoaeoaoe IW■ Mk. W SsSlliiliH BO I SHIPPING PTE LTD AMOKOK/LAIM CHAIANO JAKARTA/PAW J AHO BMtm SIS^cSboSiPTi m«**** 115 (40 Un~) pax «SIMM povtiuns mu/mi VESSEL VOY SIN r ~Skk TICH VESSEL VOY SIN JKT PJN jF T*!1,528 words
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Page 37 Advertisements
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Advertisement354 1998-03-06 37 INDONESIA NATIONAL LINE ~VSL H BURG BREMEN ANTWERP **s*a[ cw»| gjmj vn 1/4 omit V 4 TO AUSTRALIA I FUJLCOWTMNroSgtVKC vg. wt wmmT FRt m rro mb. hsa wl hk mmtmmm v.m am am mm tw iu> nn zw yuiOECtf&iA vjra mvm iw n« n« m m m.mhr vat ueue354 words
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Advertisement952 1998-03-06 37 f sagglllf PACIFIC INTERNATIONAL LINES (PTE) LTD I Am 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I crnc* iooeo67ooooE ll'vKa" T vot m m m m iq] Ess> Li ?03 \&j \i\ %s 1$ Sc, llh I [jvisstt vot pm sm 55 Sii in 5i Tic mmsm IwmUSH 071952 words
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Advertisement853 1998-03-06 37 N|^||gglg||HH vessels I vov I w I jb I mla leh max tw rim zg VXED6 NORMA H9OH IVO3 22*03 WO Qi/04 OW 01/04 QMH 02AM V-LEDEQEMW4A H34W I*o3 3Mtt OBAM 07AM &04 11>Q4 11)04 12/04 V-LECTOWION YM¥/ 84/03 01AM O&Q4 1204 13iQ4 I&Q4 IMM WQ4 MLLE PC TANYA T29M853 words
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Page 39 Advertisements
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Advertisement47 1998-03-06 39 To retrieve more schedules, just follow these simple steps... document 740-6000 ep be faxed f A mi*** V the port Step key in the four number C(K^e Key in your Example: «—•—i fax number To NEW YORK (NYC) 2275 ju 0 United States for calls within Singapore47 words
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Page 42 Advertisements
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Advertisement893 1998-03-06 42 —SAMUDERA SHIPPING LINE LTD ■"SP™ 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 mtSrnmm teu *****81 -3 fax: *****0s (outward) *****69 (inward) tlx: R*****0 CR M. IM7MMMM BOOKIHBS CALL PiBECT LIME: *****41/43 A/CELIA/MEICHAN 7 SLGS/WEEK 2SLG/WEEK Iml mi Tver —ras [jak [vessel voy vh i pib LAWANTI 1270 07/03(SAT) 10/03(TUE)893 words
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Advertisement493 1998-03-06 42 M IHG UEI SHIPPING CO PH UDI I M mn»» U—•> I VISSa VOY SM ETA SM ETD DETONATION Dura Abad 03/98 05/03 06/03 hi Mam No 03/98 05/03 08/03 Naming Marco No I? 05/98 05/03 07/03 Bdam/Durw D« DM 05/98 05/03 07/03 Nomm/MW/luMm M«o No 24 03/98 05/03 08/03493 words
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Advertisement332 1998-03-06 42 SIN FAR EAST 08/03 KEELUNG/KAOHSIUNG 08/03 BANGKOK 08/03 MANILA/CEBU 08/03 JAKARTA/BE LAWAN/SURABAYA 08/03 PORT KELANG/PENANG/E. MALAYSIA 10/03 BUSAN 01/03 TOKYO/YOKO/KOBE/NGO/OSA 01/03 HONG KONG SIM CHIN* (+B#±WSn) 08/03 GUANGZHOII/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIN EUROPE/UK 08/03 LON/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIN USA/CANADA 10/03 LOS ANGELES/NEW YORK all332 words
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Advertisement295 1998-03-06 42 Singapore Soviet Shipping fib Co. Pte. Ltd. CR Mk ********** M BOMBAY ygoeci wr m bom ma no. KOTA RATU RTUOO3 OMI IMS M MM OfUENT CORD 110N IVD3 21/03 01/04 MM KOTA RAJA RJAOO7 21/09 27/08 07/04 00*4 KOTA RATU RTUOO6 IMB OMM IVM IM4 REGULAR MONTHLY RO-RO BREAKBULK295 words
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Page 43 Advertisements
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Advertisement1013 1998-03-06 43 i ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE i I VESSEL I VOY I SK I OB I GOA I VIC I ItH ANR FXT I MSC RQSSELLA 9808 3 08 MAR 12 MAR 21 MAR 23 MAR 25 MAR 128 MAR 2? MAR _3Q_MAB MSC ALEXA 9809-3 13 MAR 171,013 words
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Advertisement1615 1998-03-06 43 irajflgp flg— -4-. -Z £L_ Wi Wi P hPI «W «W> WHO J£S?2 £2 MM £S «2 2"£ tut im IW lin nn mm mm um ius CtSSSn. *2 mm mm Ijm *nnnm hum iom iim mm mm iom iom 17M um iim tmutmmPA WMII 22 M UTIVIGA IMM 21M1,615 words
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Page 44 Advertisements
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Advertisement606 1998-03-06 44 IVESSEL VOY SJN^^KAA SIN I TIH3ER ISLAND 609N (3M7/03 11-1&03 19-2(V03 I TIGER BRIDGE 610N 09-1003 15-1003 23-24/03 I TKjER BAY 611N 13-IVO3 18-22/03 26-27AX3 I TIGER WAVE 612N 16-17AX3 22-2003 30-31,03 I TIGER ISLAND 613N 19-2003 26-2003 02-0004 I TIGER BRUOGE 614N 23-24Q3 2001 AX 0007/04 IVESSEL^^VOY!H^^CA^^SI^| TIGER SPRING606 words
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Advertisement823 1998-03-06 44 FREIGHT UNKS EXPRESS 62 Toh Guan Road, Singapore *****1 T#l: *****66 <60 Linas) Fax: *****33 E-mail flesin@singnet.com.sg CONSOLIDATION SERVICE ARGENTINA ETD SIN SOUTH AFRICA ETD SIN BUENOS AIRES 12/03 CAPETOWN 18/03 CHILE ETD SIN DURBAN 18/03 VALPARAISO 10/03 JOHANNESBURG 18/03 GREECE ETD SIN SPAIN ETD SIN PIRAEUS 08/03 BARCELONA 13/03823 words
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Advertisement948 1998-03-06 44 1 M |OOCL (Smooooro) Plo Ltd CFS KeppJpilh^kpJß^T^rr--79 Amm RM4 #21-04 (S) *****6 Mk 513 #01-128 < M«*y KnMY CR NOIII7I7MOOON W: 272 7127 tJI 3269 180 W A JJIFJJJpFJIPJiM fcfc *****H F« 221 3942 Fmx: 272 7tts NOtTM AMIRKA USA/ CANADA <> AVSTtAUA TO USA 161 -CHI MEM -lire948 words
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Page 45 Miscellaneous
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Miscellaneous120 1998-03-06 45 LEGEND: R Thunderstorm Ternperotur* c A v Show«r Weother _X Wind drection with speed in knots Ron W Cloudy Sky Wov Surfece winds or* indicated by orrows wMdi ffy wiffc tfce wM One tut orde represents colm or kghf and variable wind* W On* half Heche represents 5 knot, l—~120 words
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Page 46 Advertisements
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Advertisement91 1998-03-06 46 HYUNDAI MERCHANT MARINE (S) PTE LTD is the shipping agents for Hyundai Merchant Marine Co. Ltd, Seoul and is part of the Hyundai Group. We have immediate vacancies for: Candidates must have Shipping experience in Liner Trade Self motivation Strong communication interpersonal skills Preferably possess own vehicle Interested applicants are91 words
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iNVESTMENT FUND AWARDS
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Article, Illustration540 1998-03-06 47 An across-the-board review of the ftind managawmnt <nHi«ttry te salt tn malm Slnffuprwfl tha nfn|in)«w for flinrt managar«SHXVTANEJA reports. IT seems only appropriate that we are honouring the best performing unit trusts at a time when the fund management industry is the focus of further development of540 words
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Article, Illustration1379 1998-03-06 47 Shiv Taneja - WHAT THE GURUS SAY As the market is declining, smart investors will invest By I Shiv Taneja J MARK Mobius may not look like a rock star, but he certainly has all the trappings of one, including a private jet. But then heFILE PHOTO - 1,379 words
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Article, Illustration740 1998-03-06 47 Shiv Taneja - By I Shiv Taneja ABBY Joseph Cohen, a managing director at Goldman Sachs in New York and the firm's chief equities strategist, is nothing If not consistent. A long time bull on US equities, Ms Cohen believes that even now, it isn'tFILE PHOTO - 740 words
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Article, Illustration1393 1998-03-06 49 Shiv Taneja - IMAS chief says it will like to assist the authorities to move the industry forward By\ Shiv Taneja THERE are not too many top jobs in the financial sector that Elizabeth Sam, deputy president of OCBCBank, hasn't taken a crack atCHRIS LOH - 1,393 words
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Article, Illustration2397 1998-03-06 50 Tan Keng Hock - By 1 Tan Keng Hock The writer is a director with Schroder Investment Management Singapore. This article represents his personal views and not that of the firm he works for. "The CPF is a social security savings scheme (and) the basic purpose... isFILE PHOTO - 2,397 words
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218 1998-03-06 50 ANOTHER look at supplementary approved retirement funds might now be timely. This scheme, which operates outside the ambit of the Central Provident Fund, was announced in 1993 but has not taken off because it does not allow flexible multi-employer schemes whereby different employers come together218 words
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Article, Illustration1487 1998-03-06 53 Sandy Nairn - These are dear in a year when Asia paid heavily for its free hutches and the New Paradigm of a technological age powered the West By I Sandy Nairn The writer is head of global research at Templeton Investment Management Ltd. FOR the world'sSource: Value Line,Datstream,NEER; Source: Value Line Investment Survey; Market Weekly,Value Line Publishing - 1,487 words
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Article, Illustration990 1998-03-06 53 Peter Douglas - Unit trusts are meant to offer the investor of moderate means the same advantages as the large capitalists By\ Peter Douglas The writer is a director of Aberdeen Asset Management Asia, a locally based investment management firm. WOULD you like to be sureSource: Micropal - 990 words
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1093 1998-03-06 54 Shiv Taneja - Here is how we pick the winners and compare apples with apples By\ Shiv Taneja THE Investment Fund Awards seek to honour Singapore unit trusts that outperform their peers. Given the relative infancy of the unit trust industry in Singapore, only two time1,093 words
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Advertisement58 1998-03-06 47 INSIDE ;=y®: ti®® B Chafttng a a»urs« lor the fund Industry Page 3 bCPF-a constantly for sK seasons, PiQt4 fl| The benefits of rosoorch and dtarsiflcation, Pigs 7 Boat the professionals wfth regular savings Pag* 7 Fund awardr. who gats honoured and Iww, Page 8 Editor. Shlv Tanefa Sub-editors: Achuthan58 words
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Advertisement243 1998-03-06 48 3$ r 4 V Vr** ,V» V .V The Kaiser Wilhelm by "A. Lange Sohne". When Kaiser Wilhelm made a to the Ottoman Empire, he brought along a valuable gift for Sultan Hamid II: richly decorated gold pocket watch by "A. Lange Sohne" a sumptuously finished hunter case embellished with243 words
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Advertisement64 1998-03-06 49 Bb 11 m m ji^BIr wB^^^^^^^^^BB^^^^^B ®'>. fr,, >, i tHp j'wrlv5vX *w> -J. *&X- «'«a3 ai <niili<¥rtff >& Yes! Please send me an information pack on Global Advantage .Postcode: ggtS 8wM ruMrt—Won «>oa» IBSI w®- 0 lUge j*y Facsimile: .^*<?1&k... Post to: DBS Asset Management Ltd V Tj 2464 words
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Advertisement935 1998-03-06 51 WITH THE RIGHT FUNDS, YOUR INVESTMENT CAN GROW EVEN WHEN THE ASIAN MARKET ISN'T. For investors in Asian equities, 1997 was hardly a banner year. Stock though the Nikkei 225 Stock Average ended the year with a loss of over 15%\ -y, market indexes across the region took a tumble,935 words
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Advertisement175 1998-03-06 52 If you're looking for the right fund bank on someone who knows ,he industry. When people are looking for a wide choice of independent funds, they developed the Risk-Reward ratings. A system that divides funds into our expertise, it should come as no surprise that Standard Chartered is come to175 words
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Advertisement336 1998-03-06 54 IBBMBHWWWWWipi^BiPlipg^g^piaap 1 IK, r r w Achieving a 3-month performance of Bt 12.26%* for Assured Growth Fund and I 9 X. 9.12%* for Balanced Growth Fund, it's B I V hardly surprising analysts are focussing H I I W ft ...-/j on AXA Life funds. I II l IE St336 words
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