The Business Times, 15 April 1999
1999-04-15
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The Business Times
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Title Section12 1999-04-15 1 THE BUSINESS TIMES mita <P) 85c SINGAPORE Internet http://business-times.asial.com.sg/ THURSDAY, APRIL 15,199912 words
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Article39 1999-04-15 1 Clmui(+B.7S) yTJajB MFOTOttS fry MiMET MOOD: ftraxBAKorrnuoBB KLggOOMP NIKKEI M.7MJ8. +4UJ EANQSEJW *****.13 MM JAKARTA OOMP _4U(—4M MANILA OOMP _Jt, 188.41 +1*77 taipei wn 7jhlm ma 8G00L00MP 187.41 t» 08ACIHHAB MM +1U0 AU8TALL0B0 MM +11J DOW -_L_5ia.77_+m7i39 words
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Article56 1999-04-15 1 FOOTBATHS us m m -—lm SJBB/Sf per£) Lilt 17M EUBO(Utt/StperE) MM LS4 OH IHI UB TW UtS 1.486* IN UM 1447 HKS 7.7H UM BAR tin IMS HPIAH -MM MM* •SttoMwdU •sttomwuu nURMTB KIMWUJ1IFUH 1M jdrtBA- HL» ■SET HZ AN monND 1UB „..&80 •KJL 1—,—14* w«wwim~ "M jjmigr of56 words
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830 1999-04-15 1 Conrad Raj - $232 m deals see DBS Land baying 53.9% of Hind, DBS Bank divesting SPC By< Conrad Raj [SINGAPORE] DBS Bank and its associate DBS Land yesterday announced two major deals the former is divesting its entire 26.02 per cent stake in Singapore830 words
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729 1999-04-15 1 Soh Tiang Keng - Two rival groups vying for 8 council seats on ICPAS By I Soh Tiang Keng [SINGAPORE] A battle is brewing in Singapore's accounting profession ahead of this month's elections for council seats on the Institute of Certified Public Accountants of Singapore (ICPAS). At729 words
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575 1999-04-15 1 R Sivanithy - By] R Sivanithy [SINGAPORE] The Straits Times Index rallied to close above 1,700 for the first time in 18 months yesterday, but that was mere backdrop for the frenzied rotational play in penny stocks that ramped up their prices575 words
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Article46 1999-04-15 1 Bloomberg. [NEW YORK] The Dow Industrial surged above 10,500 points for the first time yesterday morning, boosted by strong earnings from J P Morgan Co. By Ipm EST the benchmark index was up an impressive 123.76 points at 10,518.77. Bloomberg.Bloomberg. - 46 words
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Advertisement164 1999-04-15 1 Chftalfll£t Ethnic Chinese have shifted some USsBob out of Indonesia and 25,000 entrepreneurs and their families are expected to leave ahead d June's general election, Pgg feCtattoMkr The Sing powered its Way higher for a second day yesterday, ending the Asian swmVwi at less than 551.70 to the US dollar164 words
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Advertisement91 1999-04-15 1 Flying back to pre-crisls level Passenger traffic through Changi airport surged 11.4% in the first quarter, bringing traffic back to 1997 levels. Full report, Shipping Timet, Pg 14 that stinks to j high ®P> i J f ii »'*«fr&» > Anwar in a statement 4 niter tie was sentenced HH|91 words
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Advertisement18 1999-04-15 1 Imperial Hotel site was hotly contested, Pg 18 Keppel's stake makes it 2nd largest in SPC, Pg 1818 words
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ANWAR'S JAILING
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Article, Illustration791 1999-04-15 2 Neil Behrmann, Ven Sreenivasan - Fall-oat from Anwar case seen causing only short-term pause in portfolio flows to country Fron Neil Behrmann, Ven Sreenivasan in Singapore FOREIGN funds have begun returning to Malaysia, and the six-year jail term for former deputy prime minister Anwar Ibrahim may causeSource: Bloomberg - 791 words
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Article, Illustration1039 1999-04-15 2 Chronology of political turbulence in Malaysia Source: Reuters May-June: Tension mounts between then-Deputy Prime Minister Anwar Ibrahim and Prime Minister Mahathir Mohamad as the former calls repeatedly for political reform and an end to cronyism. June 18-21: Ahmad Zahid Hamidi, youth leader of the ruling UnitedSource: Reuters - 1,039 words
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562 1999-04-15 2 Eddie Toh - Reformasi movement still a force to be reckoned with, says analyst Prom Eddie Toh in Kuala Lumpur ANWAR Ibrahim will remain in political wilderness for a long time but his supporters may deny the national ruling coalition, Barisan Nasional, a crucial two-thirds majority562 words
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780 1999-04-15 2 Eddie Toh, Ruth Wong, Diana Oon Abdullah - Seittttce punitive because of his high pafcaays judge Fnotm P ■■<!» Eddie Toh, Ruth Wong, Diana Oon Abdullah in Kuala Lumpur THE Malaysian court has sentenced Anwar Ibrahim to a punitive six-year jail term, a development that will further alter the country's political and780 words
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Advertisement208 1999-04-15 3 0 No matter which of these five fca cathay pacific airlines she flies, Melissa White AmericanAWnes earns miles she can use on any British airways of them. Anywhere in the world. How in the world does she do it? Lomms jflßk revolves around you. Now there's an alliance that lets208 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration505 1999-04-15 4 Many opportunities for discerning investors now, at the bottom of the cycle The Straits Times ASIA will make a comeback, but which country recovers first depends on individual countries' responses to the crisis. Nevertheless, there are many opportunities for discerning investorsThe Straits Times; REUTERS - 505 words
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Article, Illustration331 1999-04-15 4 Marissa Chew - EYEOMTHEECOIfOICT Job ads By\ Marissa Chew FOR the first time in 15 months, the volume of recruitment advertisements in newspapers has risen, albeit by a modest 3 per cent in year-on-year terms in March. The volume of job ads has been falling since November 1997Source: SPH - 331 words
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Article1100 1999-04-15 4 Tan Chak Lim Singapore - jfin.PAii Tan Chak Lim Singapore AFTER so many months, you are still grappling with the issue of Malaysian shares that were traded over the counter (OTC) in Singapore until September last year. Some 170,000 Singaporeans and a few foreigners have been in painful purgatory. When will1,100 words
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Article174 1999-04-15 4 Liam Brown via Internet Singapore - Liam Brown via Internet Singapore LEE Kheng Joo ("Singapore has many talented people", BT, April 13) is listening to the wrong message. The chorus doesn't sing, "Singapore lacks talent". What I hear is: "Singapore has all it takes, people included, to succeed." It's a question of174 words
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519 1999-04-15 5 Christopher Tan - First tranche of $3b-s4b exercise will be denominated in Singapore dollars By i Christopher Tan THE Land Transport Authority is likely to offer its maiden bond issue towards the end of this quarter, according to sources. The first tranche of what is expected519 words
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498 1999-04-15 5 Bloomberg [SINGAPORE] Singapore's oil refiners and traders will likely see sales to the Indian market shrink this year as new Indian refineries start up to supply local industries. India's fuel purchases from Singapore totalled about $660 million last year, up from $42.5 millionBloomberg - 498 words
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Article, Illustration648 1999-04-15 5 Jennifer Lien - Staff absorbed into other plants; March quarter results beat analysts'forecasts By, Jennifer Lien SEAGATE Technology, which on Tuesday announced better-than-expected Marchquarter earnings, said it had halved its customer service operations in Singapore, but affected staff had been absorbed into its other648 words
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Article, Illustration437 1999-04-15 5 Audrey Tan - Expats in Perc poll credit govt with playing its cards well By, Audrey Tan EXPATRIATE businessmen in the region say that among Asian governments, the Singapore authorities have dealt best with the financial crisis, a survey by the Political and EconomicSource: Political & Economic Risk Consultancy - 437 words
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455 1999-04-15 5 Siow Li Sen - By I Siow Li Sen HONG Leong Finance (HLF) and its sister company, Singapore Finance, have gone aggressively into the car loan business, bucking the trend when the overall industry continues to decline. Car loans by finance companies have been falling the past 16455 words
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Page 4 Advertisements
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Advertisement161 1999-04-15 4 If you want to learn about the nuts and bolts of Alternative Risk Transfers, how to structure such a programme, and how it can be used effectively to find value-added solutions for your company without assuming unnecessary amounts of risks or paying through your nose, then you must attend the161 words
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Page 5 Advertisements
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Advertisement127 1999-04-15 5 Hal K mm UK W- (J JHEW Jgfi' Imm fiß f 1 fly JsPjl H^S]| B <*•>& y°° r Ch °°*j d < $22fl ro) t< i ■K sojourns. country *sap«s and fun family activities. Or just add $228 to ptmper a re| ng escape to Daylesford Spa Country. It's127 words
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ASIA ON THE MEND
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Article, Illustration664 1999-04-15 6 Larry Wee - 551.67 could be next stop, say players, as US funds zoom in on local stocks By\ Larry Wee [SINGAPORE] The Singapore dollar powered its way higher for a second day yesterday, ending the Asian session at less than 551.70 to the US dollarSource: Bridge - 664 words
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249 1999-04-15 6 AFP [HONGKONG] More than 80 per cent of fund managers in Asia expect regional economies, except China and Japan, to improve in 1999, according to survey by US investment house Merrill Lynch released yesterday. The survey showed a sharp rise in optimismAFP - 249 words
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228 1999-04-15 6 Reuters [MANILA] The International Monetary Fund has expressed concern over the Philippine government's slow action on a scheme to monitor tax compliance by large firms, Finance Secretary Edgardo Espiritu told reporters yesterday. The IMF is also worried about the delay in theReuters - 228 words
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Article, Illustration367 1999-04-15 6 Estimated 25,000 entrepreneurs expected to leave ahead of Jane polls Reuters [JAKARTA] Ethnic Chinese have shifted some US$BO billion (*****.8 billion) out of Indonesia and 25,000 entrepreneurs and their families are expected to leave ahead of June's general election, Media Indonesia reportedReuters; FILE PHOTO - 367 words
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311 1999-04-15 6 FT [BEIJING] China's state welfare system is set to come under unprecedented pressure this year, as state enterprises lay off another seven million workers one million more than last year and a further 26 million people turn to the government for their pensions.FT - 311 words
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Article, Illustration616 1999-04-15 6 Shoeb Kagda - But social unrest, rising inflation may prevent return of investor confidence From\ Shoeb Kagda in Jakarta INDONESIA'S economy could be back on the road to recovery by the end of the year although the economic situation win remain difficult until the politicalREUTERS - 616 words
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277 1999-04-15 6 AFP, Bloomberg [PARIS] Japan urgently needs to speed up reform of its regulatory system if the country is not to languish in recession for years to come, the OECD warned yesterday. "The need for more rapid progress is urgent... a sharpAFP,; Bloomberg - 277 words
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Advertisement9 1999-04-15 6 Editorial, Pgl2 ■TODAY ft piianhe laohao 44>BA&$547Ttc «£H» tt9 words
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REGION
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Article, Illustration588 1999-04-15 7 NEW YORK Chinall make tough choices in revamping financial industry, US bankers teM Bloomberg CHINA'S Premier Zhu Rongji said last year's decision to shut the country's secondlargest international investment firm was intended to show foreign lenders the government willBloomberg; AFP - 588 words
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NOTE Book
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Article43 1999-04-15 7 AFP [KUALA LUMFORIA jmbßc inquiry has BKOMBMaM that former police chief Abdul Rahim Noor be charged he watln custody. Bernama news agency reported yesterday. The report said Mr Rahim should be charged with attempting to cause"grievous hurt". —AFPAFP - 43 words
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51 1999-04-15 7 AFP [TAIPEI} China has invited Taiwan to join in the planned development erf a regional passenger jetliner despite stalled ties betweemOJaipei and Bering, an ofDciliipW yesterday. The project proposed by China envisages building 00-to 80-seatjetliners at an estimated initial coet ofUS$45O million (5f764 million).AFP - 51 words
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Article49 1999-04-15 7 Reuters [HONGKONG} China Development Bank aims to launch a US$5OO million (S|B4® million) global bond in May. The issue was likely to have an intermediate maturity of five to 10 years, sources said yesterday. Merrill Lynch and Salomon Smith Barney are co-lead managers.—ReutersReuters - 49 words
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Article37 1999-04-15 7 AFP [KUALA LUMPUR] A five-nation, eight-day military exercise involving Australia, Britain, Malaysia, New Zealand and Singapore kicked off yesterday after being put off last year with Kuala Lumpur's sudden withdrawal, officials said.-AKP fWAFP - 37 words
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Article75 1999-04-15 7 AFP [BEIJING] China moved yesterday to thwart dissident**plans to pay tribute at thagrava of a former reformist leader whose death 10 years ago was a catalyst for the 1968 Tiananmen Square protests. Today's anniversary of the death offormer Communist Party secretary Hu Yaobang isAFP - 75 words
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440 1999-04-15 7 ■TOKYO Farmer leader doubts planned polls will be successful AFP FORMER president Suharto blamed lawmakers and hasty reforms for fanning the flames of unrest in Indonesia and cast doubt on the success of planned elections in an interview published here yesterday. Mr Suharto,AFP - 440 words
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364 1999-04-15 7 WASHINGTON WTOnegrti&ttau to resume in Bering this month NYT, Reuters Bloomberg SMARTING from criticism that he backed away from a trade deal with China because of domestic politics, US President Bill Clinton telephoned China's prime minister on Yfltifefcy afternoon to restart tbfNYT,; Reuters; Bloomberg - 364 words
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Article, Illustration596 1999-04-15 7 Toh Han Shih - Taiwan's Koos Group jointly owns company which runs Übex service Toh Han Shih [SINGAPORE] Whatever political problems exist between China and Taiwan, they will be doing more electronic commerce with each other. This is thanks to a 30-year-old Singapore-based technopreneur, Yong Voon Fee, and theCHRIS LOH - 596 words
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391 1999-04-15 7 SHANGHAI Reuters CHINA Is putting a lot of chips on the table in a high stakes bet that it could one day become a semiconductor powerhouse. It is spending nearly a billion dollars on a key project in Shanghai to gainReuters - 391 words
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Advertisement118 1999-04-15 7 FREEmooo TWO WAYS TO WIN! flf your prevent office is rated ugliest by A Submit your friend's or employer's office and our judges, we will do a makeover and you will be entered into our Lucky Draw to win furnish a beautiful new office for you, FREE yourself an ergonomic118 words
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Advertisement29 1999-04-15 8 Celebrate the arrival i of our new Boeing 777 with these amazing prices! I/Kspace 127 Business class tickets lor only 553,777. I/Hspace 180 First class tickets for only 556,777.29 words
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ASIA
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Article, Illustration463 1999-04-15 9 BOMBAY Ruling coalition loses majority; Congress party demands govt's resignation Reuters, AFP Bridge news INDIAN President KR Narayanan yesterday asked Premier Atal Behari Vajpayee to prove his majority in Parliament after a key partner in the ruling coalition withdrew crucial support,Reuters,; AFP; Bridge news - 463 words
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328 1999-04-15 9 ISLAMABAD Islamabad spurns Western appeals not to fuel arms race Reuters PAKISTAN said it successfully test-fired a Ghauri missile yesterday in response to a test by rival India, spurning Western appeals to avoid fuelling a South Asian arms race. An official announcementReuters - 328 words
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ASIA Notes
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70 1999-04-15 9 Bloomberg [TOKYO] Japanese corporate bankruptcies fell fen- the fifth consecutive month in March as government loan guarantees made it easier for small companies to raise k*ns. Last month, 1,235 companies went bankrupt, down 81A per cent from March a year earlier, according to Tokyo Shoko ResearchBloomberg - 70 words
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60 1999-04-15 9 Bloomberg [SYDNEY] Australians' confidence in the economy rose this month. Westpac Banking Corp and Melbourne University's Institute of Applied Economic and Social Research index of confidence rose 2.2 per cent this month to 112.8 points, seasonally adjusted. A reading above 100 signals more people areBloomberg - 60 words
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Article41 1999-04-15 9 Reuters [HONGKONG] New Zealand is well positioned to recover quickly from the Asian financial crisis and expects steady economic growth in coming years, Treasurer Bill Birch yesterday. "Undoubtedly, we are recovering very quickly,'' Mr Birch said.—ReutersReuters - 41 words
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247 1999-04-15 9 TOKYO He promises to stop using derogatory term for China Reuters TOKYO'S newly elected governor has apparently sought to calm worries over his nationalist views, saying his demands for the return of a US air base were a "bluff" and promisingReuters - 247 words
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Page 9 Advertisements
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Advertisement253 1999-04-15 9 Twice the size Twice the strength. Twice Put simply, CGU is now bigger, and in their goals, safe in the knowledge that they the commitment. many ways better. Covering corners of are now backed by one of the largest insurers B That's what CGU, the new insurance the globe which253 words
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Advertisement85 1999-04-15 10 FRESH THROUGH JAPAN WITH ANA to 5 delicious USA destinations daily V y t Js- ■>.+ Hk'' *lr. >': r '.V < .4 ii' r v SHT JHll flfeh flnr 4 ICIR 1 1H Wmm mm m m&L MG!O -11 *l^l I %,m umiM *3 :<% "4r% "3fe x Jl85 words
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THE WORLD
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528 1999-04-15 11 THE KOSOVO CRISIS German talks folly in line with Nato conditions, says US official AFP, Reuters [WASHINGTON] The United States said a German peace initiative for Kosovo was a "constructive" effort to find a settlement in the conflict. "The German discussionsAFP,; Reuters - 528 words
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277 1999-04-15 11 GENEVA Bloomberg THE World Trade Organisation said it hopes to name its next director-general before the end of the month, after missing another self-imposed deadline yesterday to find a replacement for Italy's Renato Ruggiero at the helm of theBloomberg - 277 words
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WORLD Watch
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Article92 1999-04-15 11 Reuters [WASHINGTON] US businesses added to their stocks of goods on hand more vigorously than anticipated in February to meet strong demand, a Commerce Department report yesterday showed. Hie value of total inventories at retailers, wholesalers and manufacturers increased 0.4 per cent to aReuters - 92 words
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77 1999-04-15 11 AFP {WASHINGTON] US President Bill Clinton does not plan to challenge a ruling by a federal judge who held him in contempt of court for giving misleading statements on his affair with Monica Lewinsky, The Washington Post said yesterday. Federal Judge Susan Wright issued theAFP - 77 words
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77 1999-04-15 11 Reuters {LONDON] More than 100 senior City of London figures will launch today a campaign against Britain joining the euro, lobby group Business for Sterling said on Wednesday. Business for Sterling said in a statement its City team would be led by former stock exchangeReuters - 77 words
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76 1999-04-15 11 AFP [MOSCOW] Russia yesterday withdrew an arrest warrant for tycoon Boris Berezovsky just two weeks after charging the Kremlin insider with bilking hundreds of millions of dollars from the Aerofiot state airline. The decision caps a mystifying month of politics here that included aAFP - 76 words
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Article, Illustration316 1999-04-15 11 STRASBOURG, France Bloc needs better management to enable it to take in new members Bloomberg GERMAN Chancellor Gerhard Schroeder urged a oneyear deadline for revamping European Union institutions to prevent a repeat of the corruption scandal that unseated the European Commission. SpeakingBloomberg - 316 words
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Advertisement393 1999-04-15 11 SONY. r 1I MMaMMaBHnaHBaHaMHMBHaaMasaBaMaMHMaMBnaHaaHMMHMMMaMMMHanaaaHMHMMaMMMHMMnHMnaMMaMM j_.li.J_ i._ ...ii i. i.j 1.1.1. Li. i.. ii i > .11.1 I H Introducing Sony's DigitalB Handycam. B When Sony launched the first B l Since DigitalB The secret lies in the head. The dual-speed Bmm camcorder back in 1985, it camcorder records head, to393 words
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EDITORIAL & OPINION
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Article, Illustration850 1999-04-15 12 Paul Samuelson - THE BOTTOM LIME OPINION By Paul Samuelson PATCHES of sun are beginning to peek through the clouds in East Asia South Korea is expected to reverse its downward gross domestic product trend and grow in 1999. Similar forecasts are coming in for Thailand Indeed,850 words
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Article100 1999-04-15 12 4 lt was a savage sentence. I think most people will say that this is not an appropriate sentence for what in many people's eyes is not even a crime.' -Dr Philip Nitachke Australian euthanasia campaigner, on the 10-25 year jail sentence meted out to America's "Dr100 words
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Article596 1999-04-15 12 EDITORIAL IT may seem churlish to question the growing mood of optimism about East Asia's chances of a quick and decisive economic recovery, especially as optimism itself is a factor which can aid the recovery process. But it would be irresponsible to encourage false hopes which596 words
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Article, Illustration1112 1999-04-15 12 Shada Islam - That EU-US trade war has been averted is proof the system works and is worth consolidating By\ Shada Islam The writer is a Brussels-based journalist who contributes to BT TRANSATLANTIC squabbling over the European Union's banana import regime has been one ofFILE PHOTO - 1,112 words
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873 1999-04-15 12 David Ignatius - WHAT TOE OTHERS SAT By\ David Ignatius The writer is an Associate Editor of The Washington Post UNITED STATES President Bill Clinton did something so shortsighted and potentially costly last week in scuttling a trade deal with China that you begin to wonder if the873 words
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EXECUTIVE LIFESTYLE
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Article, Illustration1261 1999-04-15 13 MARJORIE MILLER - In her new book, she challenges the assumption that feminism has achieved its aims and has rendered itself obsolete, marjobie hub reports MARJORIE MILLER LAT-WP Undoubtedly, it is bad form to begin a story on feminist icon Germaine Greer by describing her dress. ButLAT-WP; FILE PHOTO - 1,261 words
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Article, Illustration905 1999-04-15 13 HEALTH Drug makers, even food companies, jockeying for slice of lucrative market Reuters [NEW YORK] Herbs, once relegated to the ranks of snake oil or voodoo in the eyes of the medical establishment, are joining the mainstream as people look for fast, cheap ways toReuters; FILE PHOTO - 905 words
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Article, Illustration391 1999-04-15 15 PEOPLE Reuters [NEW YORK] British author Salman Rushdie not only appeared in public in New York on Tuesday he had publicity. The Indian-born novelist is still getting used to allowing his presence to be known in advance. In 1989, Iran's revolutionary leader Ayatollah RuhollahReuters; FILE PHOTO - 391 words
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Page 13 Advertisements
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Advertisement138 1999-04-15 13 Airport Rail Expos See the latest airport and railway equipment, technology and services lEsia^^ The World's Premier Airport Exhibition Singapore Expo Centre 14 -16 April 1999 Exhibition Hours: 1100 1700 hours daily Trade Professional only expcxMDo(asia)99 The 4th Int'l Exhibition of Railway Technology for the Asian Market Supported by: British138 words
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Page 13 Miscellaneous
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Miscellaneous187 1999-04-15 13 THE WEATHER Singaporei Partly cloudy. Temperature (25/29C) **«<■«■ WB* Good. Jeraaafea \\m Clear Staiholni 1/6 Cloudy AwUnd 8/18 Cloudy Mecca 23/35 (tar Vienna 8/18 Stonw j*!# 1 2&W Shown Zurich 1/8 Showers *<■8 8/18 ftk Bay ho/Of Goad. w*»*y 2M2 Hazy Aaoterdaai V7 Showers Amerioa WED* CmmL 18/26 CVudy Alhena187 words
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MOTORING
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Article, Illustration1046 1999-04-15 14 Christopher Tan - GAR track The big boys will benefit most from an enlarged vehicle market and better margins as COE rates stabilise but fringe players are in for a bumpy ride All reports by < Christopher Tan [SINGAPORE] MARKET analysts have declared 1999 the year1,046 words
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Article, Illustration447 1999-04-15 14 [MELBOURNE] JAGUAR cars got off to a slow start in the year, posting worldwide sales of 9,300 units in the first quarter, some 28 per cent lower than the same period a year ago. The drop in sales, according to director of overseasFILE PHOTO - 447 words
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Article, Illustration387 1999-04-15 14 [SINGAPORE] There used to be a time when professional car movers like Rodney Tan would get behind the wheels of the fanciest carriages and hurtle them from the port to the showroom. Beemer after Beemer, Merc after Merc, night after night. It wasARTHUR LEE - 387 words
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221 1999-04-15 14 Starsanto said to be the likely company to rliiM»-h fmnrliiin [SINGAPORE] The Audi distributorship is on the brink of a change. Currently held by Motor Ultima, it is likely to move "very soon", according to sources. BT understands several parties are vying for it, Un-221 words
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325 1999-04-15 14 [SINGAPORE] After four years of amassing a string of motor franchises, Comfort Group is switching lanes, with an eye on the parallelimport route. If things go as planned, Comfort could well become the biggest grey importer here and the first listed one325 words
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199 1999-04-15 14 [SINGAPORE] Listed Comfort Group has pared its unprofitable vehicle distribution business barely four years after embarking on an aggressive acquisition trail. A number of employees from the division, including key managers, were laid off recently. The company wUI soon be selling Peugeots (the first brand199 words
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BUMPER to BUMPER
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Article43 1999-04-15 14 INCHCAPE Motors director PaulT C Brooks has resigned with effect from April 5. Mr Brooks was the alternate director to Robert GoodalL His move follows the departure of joint managing director Andrick Tan and mm aAMrutiwdeputy chairman Alan Tan.43 words
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Article99 1999-04-15 14 FORD Motor Co baa agreed to pay £1 billion (8&8 MUM in cash for Kwik-Fit Holdings, a UK car repair and parts company. According to Bloomberg, the offer, made through Ford's wholly-owned PAH Investments subsidiary, works out to 960 pence a share, a99 words
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Article, Illustration64 1999-04-15 14 THE partnership oface driver Jeff Beaumont, Mitsubishi and Cycte&Carriage makes competitors in the carpark race circuit nervous. Now, Shell has Joined the partnership. The new season started with Beaumont emerging tope in hfe new396-horsepower Lancer EyoV RS—a competition model similar to that driven by world rally64 words
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Article133 1999-04-15 14 THE owner of an Opel stationwagon had a nagty surprise recently. While cruising on the right lane of the Central Expressway on Good Friday, C M Lim's four-year-old German car shut down completely. Even the hazard lights were not working. Ms Lim said the dealer133 words
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122 1999-04-15 14 Christopher Tan - Compiled by Christopher Tan DAIHATSU Motor Co has issued a recall for onr <00*800 mini-cars. According to a Reuter report, 800 of the affected vehicles were exported to South-east Asian countries, including Singapore. Daihatsu said it will spend about four billion yen (5157.2 million) to replace122 words
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Page 15 Advertisements
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Advertisement121 1999-04-15 15 CELEBRATE THE LAST CENTURY WITH DE GRAND H,ipp\ Hum- ilWjiw h> V.(Ulfun I>r ill Iv 1 per si. S:i..r I >r.iti Ihii |n.r iiij; sj i nil. iff itbtt> The Elizabeth Singapore pays special tribute o all Secretaries, with exclusive gift vouchers q> h| from Le Salon Orient and fitness121 words
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Advertisement101 1999-04-15 15 HILLTOP LOUNGE IS OFFERJNS Ml BEERS MOUSE POURING DRINKS AT SO% DISCOUNT DURING HAPPY HOUR. FROM 1 TO IP APRIL 99 ONLY LADIES NICHT IST DRINK FREE Fkj A sot only pnoo) 9pat onwands, minimum ottben. of 2 dunks, 2nd A subseQuenr 6kink OK.deK.ed or 50% discouin rbeKeapreK. (put Ladies101 words
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Advertisement260 1999-04-15 15 B I 1-30 April 1999 Amttilian Wing featured at our restaurant* Reservations: 831 333 ChdunJ Road Snaapcn23M67. JL————— i "1212? LUNCH PROMOTION (From 12 noon 2.30 pm daily) Come and try our, value for money "1212" lunch promotion-bring at least one friend to enjoy the following special prices and discount.260 words
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Page 15 Miscellaneous
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Miscellaneous1059 1999-04-15 15 CRYPTIC CROSSWORD 12 Salesman fibs in answers (7) IH 13 Burn to be vocalist right away 14 Be out throughout the cold 16 Busily active surprisingly jg 119 With a decision to make, one's boxed in (5) 21 Important issue, or other- n r 2 23 23 Vault I've used1,059 words
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COMPANIES & MARKETS
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Article, Illustration360 1999-04-15 17 Marissa Chew - Enropa-linkedfinn buys entire 22% stake for $7.3 m By Marissa Chew [SINGAPORE] Malaysia's Hospital Pantai has sold its entire stake in locally-listed Asia Matrix, paving the way for buyer Europa Holdings to gain a substantial stake in a second Sesdaq company. Hospital Pantai said yesterdaySource: Bloomberg - 360 words
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Article, Illustration626 1999-04-15 17 Marissa Chew - Group wants even mix for investment, devtinlongrnn By\ Marissa Chew [SINGAPORE] Property developer First Capital Corporation has set its course for a more balanced property portfolio and along the way, will cast off a slew of properties. Its chief executive, QuekFILE PHOTO - 626 words
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159 1999-04-15 17 [SINGAPORE] First Capital Corporation yesterday said it would raise about $49 million from a proposed private placement of new shares to Merique Pte Ltd, a company linked to the US-based Prudential Insurance group. The listed property group said the 29.8159 words
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742 1999-04-15 17 Siow Li Sen - HOCK LOCK SIEW Siow Li Sen SINGAPORE bank stocks have enjoyed a bull run for almost seven months now. Being one of the safest bets around, they have always been in good standing with stock market investors. But until recently,742 words
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467 1999-04-15 17 Felix Chan - By] Felix Chan [SINGAPORE] Singapore Airlines refused to be drawn into an Australian news report yesterday which said it had warned Air New Zealand (ANZ) that merger or equity talks could be jeopardised should its planned acquisition of Ansett be blocked. SIA467 words
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SINGAPORE & MALAYSIAN COMPANIES
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425 1999-04-15 18 Ven Sreenivasan - IPOof 24%-owned associate on Shenzhen hoarse 152 times subscribed By Ven Sreenivasan [SINGAPORE] Lion Asiapac Ltd (LAP) yesterday disclosed details of a restructuring of its motorcycle business in China which would have boosted net tangible assets per share by 12 per cent425 words
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615 1999-04-15 18 Ang Wan May - DBS Land's rivals include Li Ka-shing, City Dev, Centrepoint By. Ang Wan May [SINGAPORE] The Imperial Hotel site, which will now be developed by DBS Land, has been hotly contested ever since it was put on the market because such prime residential development sites are615 words
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263 1999-04-15 18 Bloomberg {KUALA LUMPUR] Renong, Malaysia's biggest industrial group, plans to raise at least 3.3 billion Malaysian ringgit (551.47 billion) from the sale of its property, monorail and other businesses as it looks to pare debt. Renong's toll unit Projek Lebuhraya Utara Selatan (Plus)Bloomberg - 263 words
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COMPANY Briefs
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Article69 1999-04-15 18 AFP [WELLINGTON] Troubled New Zealand-based Brierley Investments Ltd has delayed the announcement erf its new business plan. Scheduled initially for yesterday, the plan will now be unveiled on or before April 23. Brierley, which is suffering poor results and a collapsing share price, said the planAFP - 69 words
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69 1999-04-15 18 [SINGAPORE] Small investors who wanted less than 10 lots of Liang Beng Group's shares will end up with 31.5 per cent of the initial public offer. The biggest chunk goes to investors who applied for 10 to 99 lots, although those successful will69 words
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Article36 1999-04-15 18 [KUALA LUMPUR] Quah Chek Tin has resigned as director of Genting Bhd and Resorts World Bhd. Hie casino group did not give any reason for the departure of its head of corporate affairs.36 words
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Article, Illustration300 1999-04-15 18 Carol Eng - Byi Carol Eng [SINGAPORE] Sesdaq-bound pipe maker Vicplas yesterday launched its initial public offer (IPO) of 31 million new shares at 13.5 cents apiece. But Vicplas' profit is expected to drop for the current year ending July, unlike most other new listing aspirants300 words
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364 1999-04-15 18 Eugene Low - By\ Eugene Low [SINGAPORE] Singapore Petroleum Company (SPC) now has a new major shareholder in Keppel Corporation, which yesterday mopped up most of the 26.02 per cent stake held by DBS Bank. However, Keppel's stake at 24.5 per cent will only364 words
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127 1999-04-15 18 Bloomberg [SINGAPORE] Daniel Yeong, managing director of GES International Ltd, said the contract manufacturer of electronic products expects profits in the year ending June to exceed its own forecast. He told Bloomberg that new orders and an e-com-merce centre will enable it toBloomberg - 127 words
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INTERNATIONAL COMPANIES
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Article, Illustration462 1999-04-15 19 NYT, Reuters [SAN FRANCISCO] Intel Corp reported on Tuesday that first-quarter earnings increased 57 per cent, slightly higher than analysts' estimates, with slower sales offset by improved profit margins. Investors had braced for a disappointment after Compaq Computer Corp said on FridayNYT,; Reuters; AFP; Source: Bloomberg - 462 words
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292 1999-04-15 19 Cost ciits, higher sales of cell phones and chips lift profit Bloomberg [SCHAUMBURG, Illinois] Motorola Inc. the world's No 2 maker of cellular phones, said first-quarter profit rose 20 per cent, beating expectations, helped by cost cuts and improved sales ofBloomberg - 292 words
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578 1999-04-15 19 Quak Hiang Whai - Good response seen as 1,288-nnit residential development is above key MTR station From Quak Hiang Whai in Hongkong A SINGAPORE-dominated consortium led by the Wing Tai group is expected to launch its long-awaited residential project above the Kowloon MTR Airport-Rail-way Station578 words
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349 1999-04-15 19 Reuters [NEW YORK] HewlettPackard Co's chief executive Lewis Piatt caused a stir on Wall Street on Tuesday when he said his company could see revenue growth of 10 per cent or higher in 1999, only to retract his comments later. Mr Piatt toldReuters - 349 words
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FINANCE & COMMODITIES
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243 1999-04-15 20 AFP [TOKYO] Japan's top five life insurers plan a drastic cutback in foreign currencybond purchases in the coming year and will shift their focus to Japanese assets, a report said yesterday. In the past year to March, the five firms budgeted 1,800AFP - 243 words
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Article, Illustration512 1999-04-15 20 Move will create Asia's biggest ethylene producer Bloomberg [SEOUL] Hanwha Group and Daelim Group, two of South Korea's biggest petrochemical makers, are merging their naphtha operations, creating Asia's biggest ethylene producer. The two groups will establish a new company with a capacity to produceBloomberg; AFP - 512 words
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437 1999-04-15 20 Quak Hiang Whai - UK-based Midland will pay 71m Maltese lira for 69.8% stake in Mid-Med Bank From Quak Hiang Whai in Hongkong HSBC Holdings yesterday expanded its global banking network further with an agreement to buy a majority stake in the biggest bank in437 words
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251 1999-04-15 20 Reuters, Bloomberg [NEW YORK] Long-Term Capital Management (LTCM), the huge hedge fund whose near collapse threatened the stability of global markets last year, is being threatened with eviction by its landlord in a dispute over some US$3 million (555.2 million) in rent, said US weeklyReuters,; Bloomberg - 251 words
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525 1999-04-15 20 Sulfliffli Smith Barney hired to evaluate options Reuters [NEW YORK] The National Association of Securities Dealers, parent of the Nasdaq and the American stock exchanges, is taking steps towards a dramatic restructuring that could lead to an initial public offering, NASD officialsReuters - 525 words
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399 1999-04-15 20 Reuters [SAN FRANCISCO] Long considered an outsider among brokerage firms, Californiabased Charles Schwab is challenging its Wall Street rivals as it rides the surging popularity of online trading. Schwab has been on a roll lately, announcing on Tuesday that itReuters - 399 words
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386 1999-04-15 20 Reuters, Bloomberg [NEW YORK! Investment bank JP Morgan Co said yesterday that first-quarter profits soared 64 per cent and far exceeded Wall Street estimates amid strong activity across all of its business lines. JP Morgan said net income totalled US$6OO millionReuters,; Bloomberg - 386 words
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191 1999-04-15 21 Bob Butcher, Jardine Fleming - nimna Reports MSW fflwgapnro iwitiw Bob Butcher, Jardine Fleming THE MSCI Singapore Index got off to a strong start yesterday due to a stronger close on WaU Street but came off on lack of follow-through buying. The lead month April futures contract191 words
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185 1999-04-15 21 Cecilia Woo Refco Singapore - HSCX Taiwan (Moras Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures dipped 0.4 point yesterday in the absence of new incentives. Futures crossed the 330mark at the high but after treading at 330-331 feU below the psychological level again despite185 words
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329 1999-04-15 21 ENERGY REPORT Reuters [NEW YORK] Petroleum fell 3 per cent after a report that US inventories unexpectedly increased last week, as refiners booted production to take advantage of high retail prices. Stockpiles of the motor fUel rose 3.07 million barrels toReuters - 329 words
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Article336 1999-04-15 21 Reuters, Bloomberg London THE yen rallied to its strongest level in nearly two weeks against the US dollar and the euro yesterday amid concern Japanese money would not flow overseas as the new financial year gets underway. The trigger for yen gains was a report by Japan's NikonReuters,; Bloomberg - 336 words
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Article, Illustration1178 1999-04-15 21 1MTHEBAMK CEOM KATB8 Apr) AS C$ M En Nr ta HM MRsRapMi Tm Wot HI NZSfakfts Nso S$ tai IT) IM Hmi USS Australia 0.951 6.171 0.591 1877 LB* 4949 27.314 55.267 0.761 7.758 2.427 1177 32.413 24.362 L084 3.879 0.949 ***** 24.025 0.394 0.63* Canada 1051 5.571 0.621 40751,178 words
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Article1633 1999-04-15 21 SICOM FUTURES AprN KimCB (Mam dosing *j*t 5.30pm) tSStCOKnucmcMtsA« dot* Volmt 0*m tutu Urn Sit (tout*) hterwI itaf 99 100.00 775 JK 99 KHL25 1023 102.25 90 250 Jti 99 103.50 *050 ***** 600 200 Aaf99 105.25 200 S«*99 106.75 200 Od/SK 99 100.75 675 BS 3 COKTtACT (U$ ctntsAfl)1,633 words
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Article, Illustration1374 1999-04-15 22 AFP QlUngSeng -6SJ6 HONGKONG share prices dropped 0.6 per cent yesterday as investors were sidelined by an absence of fresh buying incentives after a series of gains in recent days, dealers said. "There is a lack of fresh incentives on the market," said Sean Li, associate director at AmsteelAFP - 1,374 words
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Article, Illustration501 1999-04-15 22 Reuters flShaahenß Index +2J3 SHENZHEN'S hard-currency B shares ended sharply higher yesterday after solid 1998 profits at China Vanke boosted property sector issues, analysts said. The B share index rose 2.13 points, or 3.75 per cent, to 58.85, while turnover expanded to HK523.7 million from HK$l7.6 million on Tuesday.Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 501 words
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Article351 1999-04-15 22 AFP FlwP Index +KLB TAIWAN share prices rose 0.8 per cent yesterday to hit their highest level this year, propelled by continued strong buying by foreign investors. dealers said. "The financial sector took the lead in the rally as foreign investors continued to increase their holdings in that sector,"AFP - 351 words
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Article2190 1999-04-15 22 LONDON #v--- jgrM Hmt 31 Group 6.59 0.07 A B Foods 4.15 -0.02 A B Ports 2.80 0.01 AIM Oomacq 4J6 0.19 AIM Zurich.— 8.75 -0J5 ASOA Group L59 0.07 Bom of Scotland 9.14 0.04 Barclays 19.44 025 Bass 8.64 -0.14 BG 3.48 a 04 BKC 1.092,190 words
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Article1533 1999-04-15 22 AFP Q Nikkei 225 HU2 SHARE prices in Tokyo closed 0.3 per cent higher yesterday on late buying of selected issues as market sentiment remained strong, brokers said. The Nikkei 225 Index rose 49.52 points to end at 16,764.68. "The Nikkei index suffered a moderate fall in the morning,AFP - 1,533 words
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KUALA LUMPUR STOCK MARKET
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Article, Illustration335 1999-04-15 23 AFP Q Composite lifcx 452 MALAYSIAN share prices ended 1.1 per cent lower yesterday amid sporadic violence after former deputy premier Anwar Ibrahim was sentenced to six years' jail, dealers said. The KLSE Composite Index feU 6.52 points to finish at 578.11, while the SecondAFP - 335 words
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Article7592 1999-04-15 23 Cmmmc prefects WW Last Vet Day Het Cap Low Cimpmy Ml OOP High 1— Pit >wB I 310 255 AMnomoto 275 unch 1 275 275 1*2 JOS I S3 44 Angkasa 54 unch 57 40 54 42.4 283 220 Apollo Food Hlg 231 until 2 231 231 4.0 92.4 i7,592 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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Article2189 1999-04-15 24 BONDS, LOAM ft VARIANTS m 52-Wk Lut Vol Day Last Quota Avg High Low Strto Company Solo ♦or- COOO) High Low Buyor Sailor Prtco 18 3 S 3160 *Acor ******1 USS 15 *0.5 207 15.5 15 14.5 15.5 27 4.5 > 3164 Acma ******4 22.5 *0.5 707 23.5 22 22.52,189 words
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190 1999-04-15 24 R Sivanithy - WARRANT WATCH -By R Sivanithy THE market doesn't seem ready to let up in its search for the next big mover just look at how warrants issued by Stamford Tyres, Liang Court, Pertama and so on performed yesterday. Assuming this frenzied rotational play will190 words
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Article221 1999-04-15 24 HONOKONO STOCKS Cr Gr 32-W* LmI V« Day LMt Ouota Wv OK YM M«t M Cap Hfi L— Strip Utt COOP) L— Buyr *—f CWr PH it* 235 173 5123 cot (2000) HK 230 Cd 232J g 2.4 3.5 11.8 4453-2 5124 Cattwy P»e 20c MK—720 cd 265221 words
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Article317 1999-04-15 24 AFP *10.77 SHARE prices closed 0.5 per cent higher yesterday due to increased liquidity following a fall in interest rates and bank reserve requirements, analysts said. The Composite Index rose 10.77 points to close at 2.168.41 points. Turnover rose to 3.02 billion shares worth 2.77 billion pesos compared toAFP - 317 words
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Article, Illustration687 1999-04-15 24 AFP [jCmDoiiteMg +3L04 INDONESIAN share prices closed 0.7 per cent higher yesterday, with renewed interest in select large caps and sec-ond-liners lifting the index, dealers said. "In general, market sentiment was still firm, particularly on the second-liners," a dealer said, adding: "I think foreign investors are still chasing IndonesianAFP - 687 words
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Article658 1999-04-15 24 AFP OAH Ordinaries +IL9 SHARE prices extended their record-breaking run yesterday, gaining 0.4 per cent on the back of a rally in banking stocks, brokers said. The All Ordinaries Index gained 11.9 points to 3,088.2. The All Resources Index firmed 6.4 points to 1,070.5 and the All Industrials IndexAFP - 658 words
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Article290 1999-04-15 24 AFP Wellington ♦LIB NEW Zealand shares shed slim early gains to close nearly unchanged yesterday, ignoring Wall Street's rally. The NZSE-40 Index closed just 1.18 points, or 0.05 per cent, higher at 2,149.37, on high total turnover of NZ$ll6 million with declines outnumbering advances 49 to 37 among 141AFP - 290 words
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Article398 1999-04-15 24 AFP Q Composite Indei -13> SOUTH Korean shares closed 0.3 per cent lower yesterday on late profit-taking following recent steep rises, dealers said. LG Securities analyst Yoon Sara Wui said rising customer deposits and funds' equity investments offset profit-taking. The Korea Stock Exchange Composite Index fell 2.39 points atAFP - 398 words
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6645 1999-04-15 25 Transaction datrjJVpH^J Or Cr M Wt 92-Wk Last Vol Day Last Quota Mv CNv VM Not Cap Av<j High Low StMo Company Solo COOP) Hlgli Low Buyor SoHor C'»r H P/t jgll Prlco MNLTHN0OSTIY 125 17.5 m b 1000 Acmo 50c 84 cd *1.56,645 words
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Article1321 1999-04-15 25 Or Or MOT 32-Wk Lot VaI Day LMt Quota Mv Mv YW Nat Cap A»» HN» Law UNa Cimuy «<H COOP) ta» fcryar taOar Cw M <— W MANUFACTURING 193 30 C 2049 AS Auto Kk *>7 -2 1353 m KM 106 107 15 N 7 1.4 10.1 121,321 words
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STOCK EXCHANGE OF SINGAPORE
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Article319 1999-04-15 26 Stocks Vofcim Omni Ind 10c 54,887,000 Chosen Hlflqs 10c 37,914,000 6ES Intl Ltd 20c 32,711,000 Eagie Brand Hklqs HK75C 28,502,000 SemtoCorpI 25c 25,564,000 Hotung Inv NTS 23,739,000 CSE Sys Engg 5c 21.323,000 Total Automation 5c 19,268,000 Armstrong 10c 17,092,000 PSLHtdgslOc 16,890,000 Mwfa > PBS Foreign 66,108,385 SemtoCorpI 25c 55,971,910 Omni319 words
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Article, Illustration664 1999-04-15 26 R Sivanithy - STOCK KA&XHT COMMENTARY Frenzied rotational play as punters capitalise on rising momentum, liquidity; more funds pour in money By R Sivanithy IT was very much the turn of the penny stocks yesterday as the rotational play in these counters reached staggering levels,664 words
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ON THE GRAPEVINE
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Article116 1999-04-15 26 PITY tbe poor analyst. Having correctly called a buy 011 electronics penny stock GES International when the price was just 24.5 cents back in mid-February, DBS Securities finally warned clients in a daily bulletin yesterday morning that a 171 par cent gain since then (to116 words
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Article64 1999-04-15 26 CALLBACK operator Phoenix Communications cant be in a more appropriate business. We never seem to be able to reach its managing director Koh Kee Tong directly at the office number listed in the phone directory. Every time we called we were told Mr Koh would call64 words
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Article83 1999-04-15 26 HSBC has topped th« league table for foreign exchange transactions in Axiamonty 's ninth annual farat poll for the second consecutive year. The magazine's April edition reported that Citibank was ranked second by 138 treasuries in the region, while Deutsche Bank came in third The only83 words
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Article96 1999-04-15 26 THE National University of Singapore has been rated the number six university in Asia, according to a survey of universities in the region published by Hongkong-based Astawetk magazine. Topping the 79 multi-disciplinary universities surveyed was Tohoku University of Japan, followed by Kyoto University, Seoul National96 words
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Article112 1999-04-15 26 IRIDIUM LLC, the multinational company that launched the world's first satellite phone and pager, has provided more than 60 of its phonee to relief workers and Balkan refugees in the Kosovo crisis. Motorola, the manufacturer of the phone, has shipped out the first batch of112 words
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Article, Illustration74 1999-04-15 26 Wong Wei Kong - -By! Wong Wei Kong OMNI Industries closed up $0.02 at $0.72 on massive volume of 54.9 million shares, including a block of 41.1 million units, compared with its 10-day traded average of 2.87 million shares. While there is a chance the stock may test its 52-week high of74 words
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Page 17 Advertisements
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Advertisement259 1999-04-15 17 Asia's No.l Boating, Watersports, Marine b*«t 4 METS ASIA Equipment and Diving Shows ASIA D,VE EXPO Visit Asia's No. I marine event which brings together all sections of the industry under one roof: •'Tii'iiM Meet more than 600 exhibiting companies jQPMHM I and brands from 31 countries including 1 tional259 words
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Page 18 Advertisements
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Advertisement125 1999-04-15 18 j^^SS^JJev/s/on^jCoMrse^J you ready for the 1999 CFA examinations? The Financial Training Company (FTC) is the market leader for CFA training in Singapore and is widely recognised as the most effective and broad based examination assistance training company. FTC Lecturers and Materials Our experienced CFA lecturers from Singapore and the United125 words
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Advertisement119 1999-04-15 18 Sbßsoaa J.M. SASSOON CO. (PTE) LTD (Member of the Stock Exchange Of Singapore Ltd) REMISIERS We have moved to a larger premises at 41st floor of OUB Centre, and expanded our Remisiers Unit Within this new conducive working environment, we provide ample facilities and competitive terms to Remisiers. If you119 words
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Page 19 Advertisements
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Advertisement135 1999-04-15 19 m ji B ft |fl B B MM i3B mm 1B -<3fi B^ mm WK :^3I ■BRi B E EpBB M B s B <JB BF *J|ii HHk «M| >ig3*r ■te|^f"': v i? IMk m B w Jfl Bl wTM K B IB h I 1 W B jF f135 words
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Page 20 Advertisements
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Advertisement110 1999-04-15 20 3C River Valley Road, The Cannery #01-01/02/35/36 Clarke Quay, Singapore *****2 (next to Satay Club) First order of Jacob's Creek (75ci) at $9.99** when you partake in our delightful S-course Friday's Gourmet Dinner attractively priced at $33.00++! Dinner Menu on 16 April 1999 Double-boiled Chicken Consomm£ with Quail Egg and110 words
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Advertisement272 1999-04-15 20 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For272 words
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Page 22 Advertisements
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Advertisement11 1999-04-15 22 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes IHOAPOBI V11 words
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Page 23 Advertisements
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Advertisement19 1999-04-15 23 Classified First. Looking for a holiday destination? Or simply getting away from it all? Check Times rt*' BwlLMltftedlL 519 words
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Page 24 Advertisements
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Advertisement41 1999-04-15 24 i PROPERTYPROPERTYPROPERTYPROPERTYPROPERTYPROPERTYPROPERTYPROPERTYPROPERTYPROPERTYPROPERTYPROPERTYPROPERTY TTh OVvh o c<w ft's easy. I'll just find it in The Straits Times Classified. Dad does it all the time. He changes cars as often as l£*!*i I change my toy cars. a* m. s* it Find it41 words
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Page 25 Advertisements
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Advertisement61 1999-04-15 25 Citibank Margin Trading Account Trade up to 2.5 times your share value or withdraw CASH on it. Call 339-7126 now. the citi never sleeps I! i.iiii Ii i v ,i shtii| ii ii ,i 2lt S (>iili .M <1 l< n.l (I 1 I liiiii II 'j 1.1 s I61 words
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Page 26 Advertisements
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Advertisement790 1999-04-15 26 What did your broker do for you today 7 Our clients get something new everyday DBS Investor Online. 438-1188 831 )USBANK NOTICES To advertise call toll-free 1800 741 1883 Fax No: 741 1298 NOTICE IS HEREBY GIVEN that I, KOH SWEE HOCK of 113 Jalan Pelikat Singapore *****8, have applied790 words
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Advertisement420 1999-04-15 26 THE COMPANES ACT. CHAPTER 50 Section 290<2Kb) NOTICE OF RESOLUTION RtS OPTICS PTE LTD (In Members' Voluntary Liqudation) At an Extraordinary General Meeting of Ins Optics Pte Ltd held on the 10th day of Apr* 1999, the fotowng special resokibons were (My passed: RESOLVED: 1. That the company be worn)420 words
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Advertisement711 1999-04-15 26 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF RENOVATOR'S DEPOT PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. SO, the Final Meeting of the members of the abovenamed711 words
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Advertisement371 1999-04-15 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF SUMIKIN INTERNATIONAL TRANSPORT (S) PTE LTD ON LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act. Chapter 50. that the final meeting of the member* of the abovenamad company wm371 words
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Advertisement329 1999-04-15 26 NOTICE IS HEREBY GIVEN that I, MANIT A/L AH CHIM of Blk 1, Beach Road #15-4769 Singapore *****1, have applied for a Retail Liquor Shop Licence in respect of M/s Yen Investments Pte Ltd located at 892 Upper Bukit Timah Road Singapore *****7, and that this application will be considered329 words
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SHIPPING TIMES
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Article286 1999-04-15 27 Bridge News, Reuters SOME firmer Atlantic Panamax rates are being seen, but brokers believe these are positional only. Generally the market remains weak for Pacific Panamaxes and both the capes ize and handy size sectors of the market. UMB-GHABTERs ♦Rainbow Glory, Jesselton Line, June 19. ♦Erradale (built 1994)Bridge News,; Reuters - 286 words
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Article208 1999-04-15 27 M»_* H CWT Dtttrtbutton —0.68 0.03 209 ChuanHup 0.78 0.03 734 Cmco Innartroant 0 58 04)3 82 rreMrtLM* 0-22 002 ***** ca&Mintt o.46 001 n4 Hal Sun Hup 0.53 0.01 830 IMC Hotdlnga-HK —5.60 uncK 0 Jty* lloMngi 0.82 0.01 729 .taranq SMpyartf 7.49 a05 213 MpfMCarp 5.10208 words
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Article, Illustration661 1999-04-15 27 Marcus Hand - Local fast ferry yard hit hard by region's economic slump By] Marcus Hand [SINGAPORE] Kvaerner Fjellstrand's fast ferry yard in Singapore is among the shipyards being sold off by its Norwegian parent company Kvaerner as it exits from shipbuilding. The yardFILE PHOTO - 661 words
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Article, Illustration80 1999-04-15 27 [SINGAPORE] The semi-sub-mersible drilling rig Marine 500 (right) was successfully converted by Jurong Shipyard to a fourth generation one recently. The rig was handed over to its owners Marine Drilling Companies of Houston, US. The rig is to be chartered to Western Australia Petroleum for80 words
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Article, Illustration645 1999-04-15 27 Marcus Hand - SHIPSHAPE By Marcus Hand ■■■H O become the market leadin logistics provision to H our customers' is the vision boldly set out by Da■l vid Beatson, chief executive officer of Circle International since last July. Circle International has seen rapid growth in645 words
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214 1999-04-15 27 Reuters [NEW YORK] The Pentagon is expected to block General Dynamics Corp's US$l.4-bil-lion (552.4 billion) bid for Newport News Shipbuilding, the Wall Street Journal reported. Citing government and industry officials familiar with the developments, the newspaper reported that larger policyReuters - 214 words
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PORT Shots
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103 1999-04-15 27 Xinhua [SHENZHEN] The Shenzhen Container Port in south China's Guangdong Province has entered the world's top 20 ranks for related facilities. The port handled 1.96 million TEUs (20-ft equivalent units) in 1966 alone. The port gained a 19th place ranking based on a vigorousXinhua - 103 words
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Article116 1999-04-15 27 AFP (TOKYO] Three stowaways were found dead in the cargo hold of a Denmark-registered banana ship that entered Tokyo's port, a coastguard official said. "We found the three foreign men dead in the storage," said the official from the maritime safety agency on Tuesday. "We areAFP - 116 words
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Article66 1999-04-15 27 AFP [TOKYO] Japanese shipbuilders received export orders for 13 vessels in March, up from 11 a year earlier, an industry group said. The contracts include one tanker weighing 9,960 tonnes and nine bulk carriers totalling 332,500 tonnes with two oil tankers at 270,300 tonnes,AFP - 66 words
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Article, Illustration880 1999-04-15 28 KTAERMES GROUP Drastic days are ahead as giant Norwegian company plans to shrink to one-third its size and cut 25,000 jobs NYT [FRANKFURT] THE reorganisation of European industry reached into the heartland of Norway on Tuesday, when Europe's biggest shipbuilder announced plans to sell allNYT; AFP PHOTO - 880 words
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Article219 1999-04-15 28 PACE ECL 5 ACL 6 Ewgr»M 6 ANl 3 FoonqSun 8 tt Accord 8 L nfc Appenship 5 Gemartrans 8 Austral 8 H** 1 1 Balaji Shpg 4 "">>•" 3 BSA 7 Heung-A 4 B'tang Mas 8 Hyundai 7 CCNI 7 ICFS 3 CMA 8 Interasia 7219 words
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Article16986 1999-04-15 35 THEBUSINESSTIMES EXPORT ETA ETA AdvtftlMf V*ssX Voyaga TaNphon* I ETA ETA Advartisar Vassal SIN DM* Nam. Nam. Numb* NumO* SIN D.itn Nam. Nam. Numt*r Nom^ I 25/04 18/05 NGPL CHANGSHA VI 45-*****00 02 To ABIDJAN (ABJ) 2003 Cot# D'lvolrt 24/m 17/05 Austral cape ho*e v.ots/w *****3522 02 22/0416,986 words
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SHIPS IN PORT
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Article596 1999-04-15 39 Vtsm Voy Ho Birth Arrival Dtpvtur, Upfta Juptft *****6 J17 alongside 14 04/1700 Bintan Mulya *****9 J02 akxxjside 14.04/2300 com 7A J23 ikxxjwW 15.04/2300 Bt Pat N0795 *****9 J01 alongside 15.04/0100 C Process 14/04 J09 alongside 14.04/1700 Kim Soon Ksl099 J02 atonqs.de 14.04/2359 Kim Virgo Ve0499 J13 alongside596 words
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Article1869 1999-04-15 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Book Inq/Bilt net Rttls Ship Voy Mo Etb/Btr Porlod From To From At, o«v 0220 16/0700 U O/BM U/BM U/1900 m u/boo u/bm u/bw 2A 13/1700 14/0659 M/0900 2t 13/1700 14/0659 14/0*0 J 14/0700 14/1151 14/1400 4 M/BOO 14/1459 14/17001,869 words
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Article187 1999-04-15 39 Apr 17 Brunei: Hijrah Anniversary of Royal Brunei. Indonesia: First Day of Muharam. Malaysia: Awal Muharram. Apr 25 New Zealand: Anzac Day. Apr 20 Australia: Anzac Day Holiday. Apr 20 Japan: Greenery Day. Apr 30 Denmark: General Prayer Day. Finland: May Day Eve. Mayl Greece: Labour Day. Germany:187 words
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Article766 1999-04-15 39 THIS report, complied by Cockett Marine Oil Ltd. shows price ranges In US dollars Instead of single prices for a more comprehensive description of the market Prices shown are based on average sized stem. Market movements are Indicated. The Cockett Bunker Price Index change and the766 words
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Article372 1999-04-15 39 Cjrtoa no Mm 995.1 U 19.1 0.10 66 0.05 ULl Sotr" 5 Ml 0.4 0.0? 0.0? ta2 380 Max 9H2 U iu O.tl 250 0.05 m/wj »/v w/M m/» *m m*t»4 Ho above 635 2 2 0 0 2 0^ ISO/Cimac Limits Spcc E25 9W 10372 words
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AIR & LAND TRANSPORT NEWS
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Article, Illustration448 1999-04-15 40 Philippine commission to decide carrier's fate today AFP [MANILA] Boeing Co of the United States has rejected a revised rehabilitation plan by Philippine Airlines (PAL) just two days before the state corporate watchdog decides on the carrier's fate. Boeing said the plan failed to assureAFP; FILE PHOTO - 448 words
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195 1999-04-15 40 Reuters [HANOI] National carrier Vietnam Airlines said its operating environment had improved in the first quarter, making possible a recovery in the company's bottom line this year. An airline official declined to give specific profit forecasts, but indicated the airline brokeReuters - 195 words
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Article, Illustration46 1999-04-15 40 [SHANGHAI] A Chinese car worker assembles one of the General Motors' Buick sedan at a Shanghai plant. Shanghai GM earlier this week launched regular production of Buick sedans, the first vehicles to be made in China by the General Motors joint venture. APPAPP - 46 words
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414 1999-04-15 40 AFP [PARIS] A decision by Italian officials to open a ventilation shaft when a fire broke out last month in the Mont Blanc tunnel linking France and Italy may have fanned the inferno, in which at least 41 peopleAFP - 414 words
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293 1999-04-15 40 Carriers selling seats that have never been sold before Reuters [NEW YORK] The Internet has triggered the third global revolution in the airline industry and lifted the sector, a key analyst said. "I've never been as bullish as I am now" and that isReuters - 293 words
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Article, Illustration359 1999-04-15 40 Felix Chan - UTTER &XRPORT/EZPORAIL 09 Traffic in first quarter back to pre-Asian crisis levels By: Felix Chan [SINGAPORE] Passenger traffic through Singapore's Changi airport grew 11.4 per cent in the first quarter against the same period last year, Minister of State for Communications359 words
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365 1999-04-15 40 China Eastern sells while China Southern is leasing its aircraft Bloomberg [SHANGHAI] Two of China's largest airlines are selling and leasing surplus aircraft overseas as demand for air travel slumps in East Asia. China Eastern Airline Co, China's third-largest carrier and theBloomberg - 365 words
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Article1649 1999-04-15 40 COY fU6H7 ETA fU6HT ETP LH6374 1450 0f5 2250 AMaM* 6A7381 1930 IA7382 2055 M50 UM373 2355 Of81 1930 Of12 2055 LH™ *05 S026 2355 AK8229 2230 NZ4578 M05 1X779 2359 LH6380 2230 S***** 1605 N***** 2359 $0229 2230 >*7306 1815 $***** 2359 Amtartaa K1637 14551,649 words
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Page 27 Advertisements
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Advertisement19 1999-04-15 27 Kvaerner group fighting tide of red ink Giant Norwegian company plans to shrink to one-third its size. Page 219 words
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Advertisement177 1999-04-15 27 Fighting tide of red ink, Page 2 H GLORY SHIP MANAGEMENT M U PTE LTD H |y We are managing a large fleet of 41 vessels, Ml n comprising of tankers, bulkcarriers, loggers, PI mi RORO, PCC, multipurpose heavy-lift vessels, n container vessel and tweendeckers which are N M owned177 words
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Advertisement14 1999-04-15 27 Boeing rejects PAL's restructuring plan Philippine commission to decide carrier's fate today. Back Page14 words
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Page 28 Advertisements
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Advertisement192 1999-04-15 28 I Keep in Touch t'f www.nykline.com When you need answers fast: Whatever, wherever and whenever you ship between Asia, North America and Europe, you're always in touch with NYK with Real-Time Shipping Information 1 1 SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL192 words
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Advertisement774 1999-04-15 28 l"**" A services represented u.. ot Ihe Reg«try d Singapore Forwarders Accr u i Shwng Agents UAdV Association Singapore Shipprig Association SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES n=r- SINGAPORE to BATAM, BINTAN, KARIMUN m* X SINGAPORE to BANGKA ISLAND SINGAPORE to OLEGON l^Trel SAMARINDA/BAUKWAN/BANJARMASIN TO SINGAPORE MANIIAAUBIC BAY/LUZON TO774 words
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Advertisement1075 1999-04-15 29 SAX SERVKI (WRECT) Vgsa 3g UX OAK |DM I HOU 01 CD! MEM <11 WTC fIGW>gT 0101 07/04 22/04 27/04 28/04 28/04 27/04 a/04 21/04 29/04 29/04 0101 14/04 27/04 ~0475~ 04/05 05/05 04/0$ 05/05 05/05 ~Qt7oT~ ~Q670T~ AftTWOUOCf 0241 21/04 06/05 11/05 11/05 12/05 11/05 12/05 12/05 13/05 13/051,075 words
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Advertisement1660 1999-04-15 29 0 HANJIN SHIPPING ffiOP 1 4 Ms .Uk *****30 HANJIN StMPfINC fTI ITD h* //mm Imp com MXNUNC *****35 737 S4US *****74 731 OOCUMEKI *****71 774 OflWnOtfi *****50 751 MAM U« 777«tt f!l» IHWIOOMN TO NW USA CANADA I USA CANADA* ImWw mm sm umhiu/vot r~srn nw |DM 1 PDI1,660 words
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Advertisement423 1999-04-15 29 Rosa m_ _s«_ w, wt ai we m usm ros KMTC PROVIDES mT( H0406K0006 WSS 11/04 IVO4 0051 IVP4 I|M MM 22M 2V04 "km* 'W nAH 25/ m y/w M/M QBAIII AD DDCAIfDIII ar mmm 23s iim tvm m 21/04 ?sam 27/ m 71 am u/m ncuwLMn DnCMWDULIV KMTC UISAJ4423 words
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Advertisement1332 1999-04-15 30 DSR-SEHATOR UNES TO UK/CONTINENT TQMEDITCRRANKANCANADA vroa wv aT* um gw mw hmi wv m uma |m y en foi wx urn TMOEfTEMTr WQtll I«.M MM MM MM I7M MM MTMOS KMTOR |WMtII lIM MM MM MM MM MM HANJM MK&.ONA WWII M M 17M M M MM 11M 11M 131,332 words
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Advertisement753 1999-04-15 30 I~IV/ J CWWfcfWMM 58U:(094)*****9 MANRJt (632) *****24 PgHANQ: (04) *****36 BANGKOK: (o*2) 23*4667 SURABAYA: (31) *****0 P- KELANQ: (03) *****77 JKT (21) *****07 MON: (61) *****3 KUCHIMO (062) *****1-3 CALCUTTA MADRAS MV "KOTA PERTANI" V.PTNO2S MV "OCEAN BRILLIANCY" V.08R45 ETA SIN: 17-4-99 ETA SIN: 22-4-99 SURABAYA SHANGHAI MV "JURONG BALSAM"753 words
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Advertisement473 1999-04-15 30 LINEI WW Jk 111 9AXx I I MUARA j LABUAN vosa vdy no eu VBsa vot rn nt VOHMIMU von lON (AAAKAO(337 vom/fl Srfri 11/04 CAAAKAJN33? VOB/99 SdW If/04 j«osf« vM/n n/04 23/04 j prosper vm/nii/wm/m CAAAKA JN332 VOK/ff 25/04 JS/04 (AAAKA JN332 VOft/ff 25/04 21/04 JPtQSPB VOfl/ff 30/04 03/05473 words
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Advertisement1420 1999-04-15 31 VEM**- VOY HKO SIN PKO PQB DXB PMM I SHJ IBA BIK WAN TEYFOURI PJLI34O 12/04 21/04 22/04 23/04 20/04 27/04 •HAH BAAKERI PJLI34I 16/04 10/04 28/04 20/04 30/04 02/00 04/00 IRAN SHAHRIAR PJLI344 23/04 20/04 00/00 06/06 07/06 00/06 11/06 IRAN BAABAEI PJLI346 30/04 03/06 12/06 13/06 14/06 16/061,420 words
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Advertisement1490 1999-04-15 31 ijtt—tl ffl« Mthit) I in OSHtNTONWAT Til; 2261*00 FAX: *****01 OUTWMD I SHIPPING PTE LTD f 17-08 MS BLDG SAUS/BKGS *****57/60 INWARD DCPT (D/ 0) *****85 COSTII IfiENCIEI (Mt IBM KHB I ySSwwr 71 i jslig| """si?i" t %?*mm nq 7 m Sh S. w-ku-unawi/ona wSmSx IKS jmu mS UMJ1,490 words
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Advertisement326 1999-04-15 31 trp-. Eastern Car Linkr, Ltd. MM rk S«;' o7 o, \lA\ Kl (SINGAPORE) PTE LTD ZZTJZSL I SPECIALIZE IN ROUP t HEAVY UFT UTTO 450 tons] KL (SIH6ATOK) FT! OTP LOADING FOR YOKOHAMA PORT KLANG/Pf NANG/BINTULU/ MIRI MV "OCEAN BLUE" V. 67 MV "ORIENT LILAC" V. 19 ETA SIN 13/04/99326 words
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Advertisement30 1999-04-15 31 Shipping Times "BIJSnNESSCEINTRE Find out more about advertising that delivers your business facts through the fax. Your 24-hour round-the-clock instant info access centre to shipping services and products CALL: 740-204430 words
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Page 32 Advertisements
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Advertisement1335 1999-04-15 32 SOP I ROM ANW HBG THP ZEE LHV IHV THP ROM ANW HBG PKL SGP E DUO EM RW-005 17*4 07/06 12*6 MAS 10*5 11/05 12/06 E. ROUND REB3B 18/03 20/03 18*3 21/03 23m 15/04 18/04 E DAINTY RW-010 25*4 13*6 11/06 15/06 17/06 18/05 18/06 NUOVA GEMOVA RE-822 20*31,335 words
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Advertisement1040 1999-04-15 32 n r P ADVANCE CONTAINER LINES (PTE) LTD Alii L- TEL *****21. FAX *****19, TELEX RS ***** ACLPL FOR BOOKINOS PlfASf CALL: *****22 SALfS A MARKETING *****21-26 OPERATIONS: *****KV *****06 CR NO. 16KMM0000E ■ANOKOK 1 UmmmHi JAKAIITA <7 voy «w kk vfssa voy i sn jkt YANTCA BHUM (PAT) 286N1,040 words
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Advertisement458 1999-04-15 32 rfsk NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA ViSStL VOT SIN PIU DPI 1 JN# CPT |RQ GOLDEH DUGON »01 IS 17/04 25/04 21/04 01/05 03/05 lUKIAICHJEEW tO34S 21/04 "04/oT 10/05 "u/oT 14/05 14/05 wraiMAGON V.013S 06/0S 15/05 19/05 22/05 23/05 NAHUIVEHUS ***** 11/05 24/05 30/05 02/0* 03/04458 words
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Page 33 Advertisements
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Advertisement1227 1999-04-15 33 |ii «n|kluu|tBi|m|iM|Hui|MV|n ||ffiia wri«i|i«|iiMlmniw|wv]ia|a'| I now SS4W 15/04 03/05 01/05 OS/OS M/ttS AftALMAMOE 3071 23/03 27/01 24/01 25/03 15/0<1 IN MOSa 524W 14/04 07/05 00/05 04/0$ !!5 JJ/2 */S S/M 71/Ml I K NOLAGATt 012W 10/04 05/05 04/W 00/05 11/05 WU0UII 018 02 /04 03/04 »/03 *>/04l I T HTAMMAl1,227 words
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Advertisement1073 1999-04-15 33 norwtgion ipadafewd outocamen ®g@gg TO NORTH AM'LATNI AMERICA R0R0 HfAYYUFT StRVKE< (VKSfi VOY RAMP HEIGHT SIN IAX CRL NUA SAV OAL I ORF I NYC I NEW I MOO TOURCOING F909 4001mm 6.3M 26/04 25/05 03/06 06/04 00/06 10/06 11/04 13/04 17/04 11/04 TAPtOLA F910 4001ms 6JM 11/0$ 10/04 19/041,073 words
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Advertisement36 1999-04-15 34 LNS EXPRESS (S) PTE LTD Blk 217 Henderson Road, #01-04 Henderson Industrial Parte, Singapore *****5. CR NO: **********0/H Air-Sea International Freight Forwarders MANILA I Also accepting Heavy Lift t Protect Cargo Tel: 65-276 7996 Fax:6s-276 374036 words
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Advertisement515 1999-04-15 34 INDONESIA NATIONAL LINE TO AUSTRALIA "I FULL OOWUMNjW MWVICK va, Ivorl we J1 m m stp m. mm ul |m» howmw pma wmmwa MI MgTMUWBfIHWBI W g/MM/M 01/04 07/85 14/45 13/B I*/W «wwMrr its. w/woi/w n/03 u/wiiy/w n/w 4RBMMU) MIS 100/BSB4/*****/4SI l»l/05|»/0S|Z7/0sb«/»sl FEEDER SERVICE TO INDONESIA vu vot von sutmu515 words
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Advertisement837 1999-04-15 34 I VOY I W PKL I JED I MLA I LEH RTM HAM ZEE SOT VHIEDE TANYA T3IW IWQ4 ***** ***** 10/06 11/06 IVD6 ~14A» ~i506 WLE DC TAURUS A3IW 27A04 2&P4 08W5 11/06 17/06 18/06 20/06 ***** ***** VK-LE DAQUAfIIUS U3IW CX37Q6 ***** 17/06 23A» ***** 38M6 27/06 28/06837 words
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Advertisement51 1999-04-15 35 STflffr Dia4 740-6000 OnO€ *****10 (Retrieve more schedules!) Press "1" Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number I i your phone number Anotherinnovativ«a*fvic« offered by The document will be SHIPPING TIMES Jk? calk within Singapore I51 words
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Advertisement50 1999-04-15 37 ORIENT PACIFIC CONTAINER LINE LIBYA BENGHAZI TRIPOLI Look Up Our Schedules On PG 4 See Our Ad On PG 12 OCENUS SHIPPING AGENCY PTE LTD NEWSHIP AGENCIES NEW GUINEA PACIFIC UNE CHECK OUT THIS Our Schedule Are SPACE FOR On PG 5 H SWIRE SHIPPING NEW ADVERTISERS AGENCIES PTE LTD.50 words
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Advertisement145 1999-04-15 38 N mmmammm FREE Reader Enquiry Service cut out and Fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) rn SHIPPING SERVICES Port.of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product145 words
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Page 39 Miscellaneous
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Miscellaneous128 1999-04-15 39 LEGEND: K Thunderstorm Temperoture c X\ y Shower Weoth«r Wind direction with speed in knots ee Ron Cloudy Sky Wov h 9 ht Surfoce winds are indicated by arrows which Hy with the wind \*J One fu« circle represents cotm or light ond voriobie wmds J One hoH Heche represent*128 words
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