The Business Times, 23 July 1999
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1999-07-23
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The Business Times
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Title Section22 1999-07-23 1 THE BUSINESS TIMES MITA (P) 04H/ia^9H 85c S I N (i A P O R E Internet: http://business-times.asial.com. sg/ FRIDAY, JULY 23,199922 words
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Article64 1999-07-23 1 *n OTI mm WRM (-29.45) mm ***** (-5.06) SMSCI FUTURES 28U0 (-1.70) QIgJUETMOOOe STOCK MARKET INDICES Thursday Change KLSE COMP 829.77 -*88 NIKKEI 17,***** -627.18 HANG SENO *****.06 -60.60 SET INDEX ***** 964 JAKARTA COMP —***** +1.66 MANILA COMP __2.488.62 -30.83 TAIPEI WPI 7J678.67 -107.98 SEOUL COMP 976.6664 words
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Article80 1999-07-23 1 FOREX BATES us$ ss US$ 1999 £(l'SS/S$ per 1.575 1675 EURO(US$/S$ per E) 1.048 1.780 OH 1.866 0.910 YEN 118.4 1.434 RM 1800 0.447 HKS 7.761 0119 BAHT 8732 0.046 RUPIAH 6,776 0.0» St to 100 uniu P1ME1ATES SINGAPORE* 5.80 KUALA LUMPUR 7.25 JAKARTA 4000 BANGKOK 10.00 MANILA 110080 words
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545 1999-07-23 1 lam LATESI June rate hike has not eliminated risk of inflation, he says Bloomberg [NEW YORK] US stocks faltered yesterday morning after Federal Reserve chairman Alan Greenspan hinted in congressional testimony that interest rates could head higher. At noon EDT,Bloomberg - 545 words
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Article, Illustration694 1999-07-23 1 Anthony Rowley - Authorities urged to intervene to preserve Japan's competitiveness From, Anthony Rowley in Tokyo TOKYO stock prices plunged yesterday as investors grew alarmed at the turbulence of the yen-dollar rate since new monetary chiefs took over the controls in both WashingtonSource: Bloomberg - 694 words
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301 1999-07-23 1 R Sivanithy - S'pore market falls for fifth day in six sessions, led by SPH By R Sivanithy [SINGAPORE] A steep drop in Japanese equities and caution ahead of US Federal Reserve chairman Alan Greenspan's congressional testimony on the US economy put nearly every regional stock301 words
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557 1999-07-23 1 Teh Hooi Ling - Something is wrong when yon gain without taking any risks, says Dr Mao By' Teh Hooi Ling [SINGAPORE] Listed companies wanting to buy back their shares should use a competitive bidding system, similar to the current auctioning method for Certificates of Entitlements (COEs),557 words
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Article, Illustration383 1999-07-23 1 Marissa Chew - Price tags top Cnscaden Residence, sold ont at $1,500 psf By\ Marissa Chew [SINGAPORE] Reflecting the revived interest in upmarket apartments, Far East Organization (FEO) is stepping up its marketing of its Gardenville project on Walshe Road this weekend with anSIEW YAW HOONG - 383 words
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Advertisement100 1999-07-23 1 pnapg itaAOhH Singapore's biggest law firm, Allen Gledhill, is the only local practice to be ranked among the international big names in a regional survey of corporate clients' satisfaction with external legal advice, Pg4 Earningi forecast Analysts polled say electronics firms' performance will be very sectorspecific, Pf 13 Ariunemry Economists100 words
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Advertisement7 1999-07-23 1 Japan's first-half trade surplus falls 7.9%, Pg97 words
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Advertisement24 1999-07-23 1 Boost lor prime service apartment belt, Pg 2 Achieving world-class excellence: how some local companies ere doing it. Don't miss BTs 8-page special today24 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration479 1999-07-23 2 Corinne Kerk - 220-unit project sits on 183,000 sq ft in Orange Grove area ity i Corinne Kerk THE Orange Grove Road area is turning into a service apartment belt with the addition of the sprawling Treetops Executive Residences at the end of this479 words
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403 1999-07-23 2 Corinne Kerk - Hy Corinne Kerk BEACH Corner, a six-storey commercial building at Beach Road, is up for auction in two weeks' time, with market sources expecting a sale price of between $15 million and $17 million. Located across the road from Shaw Towers, the building403 words
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268 1999-07-23 2 Rahita Elias - They attribute success to sale coinciding with school holidays By. Rahita Elias SINGAPORE retailers enjoyed a boom during the month-long Great Singapore Sale (GSS), with two-thirds of them seeing sales rise by an average of 25 per cent year-on-year. The Singapore268 words
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396 1999-07-23 2 Teh Hooi Ling - Discussions still at early stage, price not fixed yet w Teh Hooi Ling CABLE Wireless pic (C&W), the United Kingdom's second largest phone company, is in talks to sell its 30 per cent stake in Singapore's second mobile396 words
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Article, Illustration275 1999-07-23 2 Soh Tiang Keng - By\ Soh Tiang Keng CATLIN Underwriting Agencies (CUA), a Lloyd's underwriting syndicate, plans to set up a Singapore office soon to develop and write insurance business in the Asia-Pa-cific. CUA has obtained in-prin-ciple approval from the Monetary Authority of Singapore to open275 words
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Article, Illustration293 1999-07-23 2 Marissa Tan - EYE ON THE ECONOMY Commerce By Marissa Tan FOOD and beverage outlets continued to see lower sales in April, with revenues collected by cessable F&B establishments falling 11.9 per cent year-on-year. This brings the revenues collected by the outlets so far this year to $448.3Source: STB - 293 words
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428 1999-07-23 2 Raju Chellam - By Raju Chellam (SINGAPORE) Singapore may not legislate to limit liability for disputes arising out of the year 2000 (Y2K) bug, unlike the United States and England, because such legislation may be counter-pro-ductive and would have a negative impact on428 words
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Article, Illustration366 1999-07-23 2 Tan May Ping - By' Tan May Ping THE Television Corporation of Singapore and Singapore Bus Service yesterday launched a public trial of TVMobile, or TV on-the-move, where bus commuters can catch the latest news or a favourite programme while commuting. Five SBS service No 7ARTHUR LEE - 366 words
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Article, Illustration682 1999-07-23 3 Kenneth James - COMMENTARY A waiver for start-ups will provide additional Incentive to attract and retain quality workers By Kenneth James A SOCIETY where it's common to have workers owning equity in their companies, sharing the risks with employers and investors it must have been music to682 words
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Article, Illustration477 1999-07-23 3 Jennifer Lien - US poll shows their sales growing 51% faster than those with mgt-only options, he says By, Jennifer Lien COMPANIES which give stock options to a wider pool of staff tend to perform better than those which limit these options toSIEW YAW HOONG - 477 words
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Article, Illustration500 1999-07-23 4 Catherine Ong - Allen Gledhill ranked with int'l big names in survey It's only local firm to score in areas like corporate finance ity Catherine Ong SINGAPORE'S biggest law firm, Allen Gledhill, was the only local practice to be ranked among the international big names in a regional survey of corporate clients' satisfaction500 words
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Article, Illustration860 1999-07-23 4 Yang Razali Kassim - ASEAN MINISTERIAL MEETING Consider the East Asian market too, says sec-gen By Yang Razali Kassim SPEAKING to a gathering of the Asean Business Forum yesterday, Asean secretarygeneral Rodolfo C Severino made a timely call for a more regional outlook for Asean business. Signs of economic860 words
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292 1999-07-23 4 W Chen - MAILBAO W Chen THE current system for foreign currency IPOs is a complete joke. In fact, it is robbery by the banks. Your Hock Lock Siew writer R Sivanithy's calculation of Ssl.6 million conversion fee for the banks ("Time to take a long hard look292 words
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336 1999-07-23 4 Audrey Tan - Plan to partly inject stake into Keppel Philippines Properties By- Audrey Tan in Manila THE Keppel Group yesterday opened its one billion peso (5544.2 million) Keppel Center in Cebu, which it intends to partly inject into Keppel Philippines Properties Inc (KPPI)), a336 words
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Advertisement25 1999-07-23 3 WHICH NEW CAR IS FAST BECOMING IN EUROPE THE SYMBOL OF NEW PRESTIGE? 11 is not from Mcrccclcs. lot the ansivci Hun ova the page.25 words
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Advertisement715 1999-07-23 4 m iHgJI i"ng z —iJI L 1 AA National Bank of Kuwait I (Incorporated in Kuwait with limited liability) Consolidated Balance Sheet auditors 1 report At 31 December 1998 For the year ended 31 December 1998 1906 1997 i uf KDfwv* Knnnn'q Cash and short term funds 4 2744 M715 words
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Advertisement238 1999-07-23 4 btletterQsph.com.sg Kerr Forst*r Consulting ofto you a proven Risk Management Process to hdp you identify assess and manage afl risks associated with your organisation's operation, both Y2K-reteted and not Our knowledge and expertise can help you detect, prevent and control aO possible risks so that yourbusiness will go cm, with238 words
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SOUTH-EAST ASIA
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473 1999-07-23 5 KUALA LUMPUR Jailed ex-DPM wants investigations into steelmaker's RM2.9b losses Reuters AFP MALAYSIAN opposition leaders urged the police yesterday to investigate a complaint by jailed former finance minister Anwar Ibrahim linking Prime Minister Mahathir Mohamad to a loss-making steel venture. The complaint saidReuters; AFP - 473 words
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118 1999-07-23 5 ■JAKARTA Reuters INDONESIAN state electricity firm PT PLN said it has lost up to US$lB billion (5530.6 billion) from 54 projects through corruption, collusion and nepotism, The Indonesian Observer daily reported yesterday. Included in those 54 pro- jects were 26 projects involvingReuters - 118 words
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Article, Illustration423 1999-07-23 5 KUALA LUMPUR Syed H&mid urges moving out of the old mould Bernama RELATIONS between Malaysia and Singapore should be premised on a "win-win formula" endorsed by their citizens, said Malaysia's Foreign Minister Syed Hamid Albar. Both countries should move out of the old mould andBernama; FILE PHOTO - 423 words
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152 1999-07-23 5 JAKARTA Reuters INDONESIAN investigators said yesterday they would put on hold their graft investigation of former president Suharto until he is 100 per cent healthy. Mr Suharto was admitted to Jakarta's Pertamina hospital on Tuesday after suffering a mild stroke.Reuters - 152 words
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209 1999-07-23 5 BANGKOK Fonr more years for it to recover: real estate association AFP [BANGKOK] The market for office space in Thailand needs at least another four years to recover with three million square metres completed only last year, the Real Estate Association said yesterday. AssociationAFP - 209 words
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Advertisement51 1999-07-23 5 VOLVOS HAVE ALWAYS FORCED OTHER CARS TO BE SAFER. THIS ONE WILL FORCE THEM TO BE BETTER. k jmr i +> a, VI 3 &< c» Vv .h pruHvtion system N« wl< r ativaineil inli it.»l)l«- safTu «'urt.ifPH!*M ••^wtwimiiHfe'|lt»lKtiim*uU.LcuMji'i tuil*» hkl J* v > m\- .im i t,,«»<•> ,i'. M,j.51 words
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ASIA ON THE MEND
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628 1999-07-23 6 Neil Behrmann - Bnt poor results in Japan, HE will drag down region's growth to 1.5%: poll From Neil Behrmann in London ECONOMISTS who were cautious about Asian recovery earlier in the year now expect a sharp increase in growth during 1999 and 2000. The average forecast628 words
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364 1999-07-23 6 Reuters [TOKYO] The prospects for Japan's economy have improved in recent months, but the road to a sustainable recovery appears long and painful, a Reuters survey of economists showed yesterday. On average, 30 economists forecast zero economic growth in Japan for theReuters - 364 words
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155 1999-07-23 6 Reuters [KUALA LUMPUR] The Malaysian government will consider issuing new bonds in the Japanese and European markets if the need arises, Deputy Finance Minister Nazri Aziz said on yesterday. The national Bernama news agency quoted him as telling Parliament the governmentReuters - 155 words
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Article, Illustration293 1999-07-23 6 AFP [PARIS] In 20 months South Korea has recovered from near disaster with radical market reforms, but restructuring must be forced ahead to sustain growth, the Organisation for Economic Cooperation Development (OECD) warned yesterday, upgrading forecast growth sharply. The OECD signalled surprise at the strengthAFP; FILE PHOTO - 293 words
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192 1999-07-23 6 Bridge News [NEW YORK] A top analyst at Moody's Investors Service yesterday said his agency has no plans to follow Standard Poor's (S&P's) decision to downgrade China. In an interview, Thomas Byrne, vice-president on Moody's sovereign rating desk, said the rating outlookBridge News - 192 words
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755 1999-07-23 6 Markets have become casinos for banks, investors NYT [SINGAPORE] In one of South-east Asia's perplexing riddles, investors keep ploughing money into the region's stock markets even as governments dither over the urgent financial and regulatory overhauls many of them promised in the wake ofNYT - 755 words
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Advertisement35 1999-07-23 6 The course of true love never did run smooth. y With so many beauties on display in Times Classified daily, n WOn<^er Ur rea(^ers fj )\p» Advertise in the Vehicles section CaU CATS at 1800-737-1166.35 words
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Advertisement7 1999-07-23 6 Central hank, IMF sound inflation alarm, Pgs7 words
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CHINA-HONGKONG-TAIWAN
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Article, Illustration561 1999-07-23 7 BEIJING In HE, Hang Seng drops 0.4% as investors view news with caution Reuters Bloomberg CHINA'S move to ban the Falungong sect yesterday sent shivers through the country's share markets, while it also dampened investor sentiment in Hongkong. Beijing accused Falungong adherentsReuters; Bloomberg; REUTERS - 561 words
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439 1999-07-23 7 TENSION Dt TAIWAN STRAIT No one should consider force, US president says Reuters FT AFP [WASHINGTON] US President Bill Clinton on Wednesday urged China and Taiwan to show restraint in their standoff over Taiwan's controversial new China policy. "No one should contemplate force here,"Reuters; FT; AFP - 439 words
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Article, Illustration304 1999-07-23 7 SAN FRANCISCO AFP HONGKONG Chief Executive Tung Chee said on Wednesday he was concerned over any potential clash between Taiwan and mainland China. "Any conflict in the region would affect Hongkong and the whole world," he said in response to a question atAFP - 304 words
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313 1999-07-23 7 ■HONGKONG Bloomberg HONGKONG consumer prices posted their biggest ever fall last month as the cost of footwear, clothing and rent extended their falls. The composite consumer price index, the benchmark measure of inflation, sank 4.1 per cent in June from aBloomberg - 313 words
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189 1999-07-23 7 SYDNEY AFP MACQUARIE Bank, Australia's only listed investment bank, is exploring an initiative to become the first western bank to set up a mortgage securitisation business in China. The bank said yesterday it was one of a number of options it was working onAFP - 189 words
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369 1999-07-23 7 SHANGHAI Govt said to be planning np to 100b yuan bond issue AFP CHINA is preparing to roll out "significant" new fiscal measures to boost the country's slowing, deflationary economy, Vice-Premier Li Lanqing was quoted as saying yesterday by all major dailies. HeAFP - 369 words
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Advertisement131 1999-07-23 7 No Mystique in this Magnificent Investment nx e o CO rm PERSIAN ANTIQUE TABREZ Very Rare In Good Condition about 200 years old A Good Persian Carpet has a charisma which derives from an aesthetic A fusion of design, artistry, technical construction, durability, symbolism, s 1 history and age. DOWN131 words
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Advertisement195 1999-07-23 8 ■kJ^HHHKSaSSH^HH^^^H A ijrt. t w 9W 1 i» IriT^r Pf i-; i |^%^H9: ,1 I f 2 ilr I IEfIB 111 £]nKli^HlHßHHi^^Mi^^^^^^^^^^^^K9!3^^^HlKZiJ£^KE%>JWMi&^H^^Mi^BPwPlffP*P*PJPH l IPIIt i hLL^^lllk I isHliillNKlH *IHBA f#y» 1 V So many things to remember, so little time. But with the Voice Note™ recorder on the Motorola L-series,195 words
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ASIA
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Article, Illustration483 1999-07-23 9 TOKYO (Exports hit by weak lsian economies bat there're signs of regional recovery AFP JAPAN yesterday posted a lower trade surplus for the first half of this year as weak Asian economies hurt exports but latest figures showed the first signs of regional recovery.AFP - 483 words
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Article, Illustration374 1999-07-23 9 i SYDNEY AFP TAKING another step forward in the deregulation of the country's telecommunication fndustry, Australian regulators yesterday opened the local telephone call network up to competition, v In a ruling which it said ■Would bring the price of local phone callsAFP; FILE PHOTO - 374 words
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448 1999-07-23 9 SEOUL Move signals turning point in low interest rate policy Reuters SOUTH Korea's central bank yesterday joined the International Monetary Fund (IMF) and researchers in sounding an alarm on inflation, signalling a turning point was near in the country's lowReuters - 448 words
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323 1999-07-23 9 SEOUL They will extend another 2.5t won in call loans by end July AFP CREDITORS of South Korea's Daewoo Group are moving fast to prevent the feared collapse of the embattled conglomerate, government and banking officials said yesterday. Yonhap News Agency said creditorAFP - 323 words
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425 1999-07-23 9 NEW DELHI It's turning around but missing ingredient is investment Reuters THE Indian economy is staging a turnaround on the back of consumption-led growth, but a broad-based recovery will hinge on the outcome of parliamentary elections in September-October, economists said yesterday. Macroeconomic indicatorsReuters - 425 words
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Advertisement107 1999-07-23 9 "itWii.il PiLWbJJ i"lLU!h,i! nfc.NS.ij nhWb.li I 1i: 1 K|> j"'* TT" MP"? ff*' T*Kj f""! i f K if"? T""P l 11— I ,x! r ifc.wO» i Oij.i I f itl'-iO, 1! htiJ.-'i, nrujS, t 1 i'frUjS, t !jT r-fryc; JT fFUs TT HFLF; TT NCi.iQ tt npjc tt noic'tt107 words
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Advertisement104 1999-07-23 9 NOTICE IS HEREBY GIVEN that I, KOH WEE LiAT of Blk 705 *01-2567 Ang Mo Kio Ave 8, Singapore *****5, have applied for a Public House, First Class Licence in respect of M/s Davis Cafe located at 28 Smith Street, Singapore *****2, and that this application will be considered by104 words
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Advertisement53 1999-07-23 9 Full professional after sales service provided. For a FREE copy of our 100 page colour brochure or to arrange a complimentary consultation contact: Ms Florence Nathan, General Manager OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE LTD 26-04 CLIFFORD CENTRE. 24 RAFFLES PLACE, SINGAPORE *****1 E-mail: ocrasingOsingnet com sg TEL: (65) *****8253 words
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THE WORLD
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484 1999-07-23 10 LONDON Probe into improper marketing activities in Austria, Denmark, Germany Reuters SOFT drinks giant Coca-Cola Co, still reeling from a contamination scare in Belgium and France, suffered a fresh blow in Europe yesterday when regulators raided Coke offices and seized internal documents. Investigating suspicions ofReuters - 484 words
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244 1999-07-23 10 WOODS HOLE, Massachusetts Reuters AMERICA'S most famous political family boarded a US Navy destroyer yesterday morning to scatter the ashes at sea of John F Kennedy, Jr, his wife and her sister as the nation mourned the loss of a favourite son. TheReuters - 244 words
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Article, Illustration250 1999-07-23 10 NEW YORK LATWP Bloomberg APPLE Computer Inc on Wednesday previewed its long-promised portable computer for the consumer and education market a colourful companion to the highly successful desktop iMac. The new portable, dubbed ißook and touted by interim chief executive Steve Jobs as "anLATWP; Bloomberg; REUTERS - 250 words
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464 1999-07-23 10 LONDON Investors could exit in droves for fear of Y2K chaos: analysts Reuters INVESTORS could pull out of emerging markets in droves before the year-end for fear of millennium bug chaos, some analysts say. Just as emerging markets appear to be bouncingReuters - 464 words
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WORLD Watch
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Article81 1999-07-23 10 Reuters [LONDON] Britain yesterday announced a new joint venture body to manage projects with the private sector as part of a shake-up in the way government manages its £13 billion (5534.8 billion) annual procurement budget. The Treasury said the new body, Partnerships UK, would employReuters - 81 words
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71 1999-07-23 10 Reuters [LONDON] Trade and Industry Secretary Stephen Byers published plans yesterday to tackle "rip-off Britain", a populist policy which aims to cut retail prices, protect consumers and put rogue traders out of business. Dubbed a "shoppers charter" by the media, the draft laws aimReuters - 71 words
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56 1999-07-23 10 AFP [GENEVA] Mike Moore and Supachai Panitchpakdi were officially appointed yesterday to the post of director general of the World Trade Organisation. Under a hard-fought compromise, former New Zealand prime minister Moore will head the WTO until Sept 1,2002, when Thai Commerce Minister Supachai willAFP - 56 words
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Article53 1999-07-23 10 AFP [WIESBADEN, Germany] Cars were the main motor behind export growth in Germany in the first four months of the current year, data published by the Federal Statistics Office yesterday showed. Germany exported motor vehicles worth 58.5 billion marks (5553.2 billion) in the period from JanuaryAFP - 53 words
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Advertisement81 1999-07-23 10 MADE IN GERMANY Cabin trolley exquisite metallic silver with auto lock, pull-up handle and two castors luxury redefined in classic lines Rimowa Cabin Trolleys are made of solid aluminium-magnesium alloy and are among the lightest travel cases in the world. Their distinctive grooved structure provides greater strength and resistance to81 words
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Advertisement69 1999-07-23 11 f Jm I Mm H^^^^HMH^HB p~' *jrir .4N jx& IT %Jkkr g%g3f mjmg J w Mm* J%' iL, v. .-jjfi£^^^^P^ VrJK'M; >«ial jr*§%% *A> v *Q'y.. -ftli 1 mZ&W *> J* 4l «k- i« iSti m II fl BP l 1 f J L mF 1 1 nm W f69 words
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EDITORIAL & OPINION
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Article, Illustration830 1999-07-23 12 Anthony Rowley - THE BOTTOM LIME OPINION ByA\ Anthony Rowley The writer is BT's Tokyo correspondent THE Asean Regional Forum, bringing together the 10 member states plus their "dialogue partners" (the US, China, Japan, Russia and the European Union) has an extraordinarily large and important agenda830 words
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Article131 1999-07-23 12 Daewoo is like a time bomb. We just began removing the detonator.' Lee Hon J&i chairman of the Korean government's Financial Supervisory Commission, on why Daewoo creditors plan to extend payment on as much as 10 trillion won (S$ billion) of debt due this week. 'Foris reminds131 words
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Article629 1999-07-23 12 EDITORIAL IF there is one area in which Singapore has begun, and not a day too soon, to shape up to be the knowledge economy it aspires to be, it is in education. From schools to universities, radical changes are sweeping through the system that will629 words
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Article, Illustration1144 1999-07-23 12 Roger Taylor - Venture capitalist Vinod Khosla knows that real wealth lies in the next good idea By] Roger Taylor FT "THE new economy is not about brawn, it's about the power of ideas," says Vinod Khosla, one of Silicon Valley's leading venture capitalists. The storyFT; FINANCIAL TIMES - 1,144 words
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Article136 1999-07-23 12 Age: 44. Education: Bachelor of Technology in Electrical Engineering from Indian Institute of Technology, New Delhi; Master's in Biomedical Engineering from Carnegie Mellon; MBA from Stanford. Career: Tried starting a business in India but found the environment too hostile. Went to California and founded first Daisy136 words
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Article, Illustration911 1999-07-23 12 How to wtn peace In Aceh ON MONDAY at around dawn, five riot troops were ambushed and shot dead by rebels in the village of Reng Krueng in the troubled Pidie regency, about 170 km east of the provincial capital of Banda Aceh. Another 20 soldiers911 words
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COMPANIES & MARKETS
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517 1999-07-23 13 Bloomberg [SINGAPORE] Singapore Technologies Pte plans to list shares in at least three units, including Chartered Semiconductor Manufacturing Ltd, in the not-too-distant future, looking to raise the profile of the staid group. The company one of the biggest state-ownedBloomberg - 517 words
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Article, Illustration681 1999-07-23 13 Jennifer Lien - INTERIM EARNINGS REVIEW: ELECTRONICS Analysts polled say electronics firms' performance will be 'very sector-specific' By Jennifer Lien [SINGAPORE] While the interim results season will feature the usual gems among electronics companies, not all listed firms in the sector will see year-on-year improvements, analysts said.681 words
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656 1999-07-23 13 Siow Li Sen - HOCK LOCK SIEW Siow Li Sen BUSINESS schools in Singapore will soon be able to rely less on foreign case studies and draw on corporate cases involving local companies. DBS Bank provides a perfect case study of mergers and acquisitions, and the656 words
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Article616 1999-07-23 13 Ven Sreenivasan - Company scraps USS2OOmRNPS rights issue By Ven Sreenivasan [SINGAPORE] Faced with overwhelming response from institutional investors, NOL has increased its international share placement (ISP) issue to US$5OO million (SsB49 million) and scrapped its planned US$2OO million nonvoting redeemable non-con-vertible preference share (RNPS) rights issue. NOL616 words
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COMPANIES
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274 1999-07-23 14 Carol Eng - By < Carol Eng [SINGAPORE] LC Development (LCD) has fixed the cash adjustment for its deal to buy LC Hotels (LCH) at $492,000 a month for the four months ended April this year and $437,000 a month from May until the completion of274 words
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Article, Illustration252 1999-07-23 14 Rahita Elias - Ky\ Rahita Elias [SINGAPORE] Cathay Organisation Holdings (COH), which has achieved listing status through the reverse takeover of Ses-daq-listed IMM Multi-Enterprise, yesterday launched its new look and corporate identity. Marking the launch at Orchard Cineleisure was the rising of a giant balloon from theARTHUR LEE - 252 words
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Article, Illustration286 1999-07-23 14 David Boey - CORPORATE RESULTS 7.53% rise in interim earnings for DBS Land unit despite turnover fall; profit margins seen rising By David Boey [SINGAPORE] DBS Land unit Australand yesterday posted a 7.53 per cent rise in interim earnings to A 531.45 million (5534.5 million) and expects to better itsFILE PHOTO - 286 words
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306 1999-07-23 14 Corinne Kerk - Writebacks largely responsible for 17.5 x jump in earnings By I Corinne Kerk [SINGAPORE] Thanks largely to writebacks, main boardlisted Central Properties yesterday reported a 17.5 times jump in interim net earnings to $23.2 million. However, turnover at the Khoo Teck Puat investment306 words
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227 1999-07-23 14 Carol Eng - Byi Carol Eng (SINGAPORE] Closed-end fund General Securities Investments has returned to the black with a $2.9 million interim net profit, compared to over $23 million worth of losses previously. For the six months ended June, earnings per share worked out227 words
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330 1999-07-23 14 Eddie Toh - From Eddie Toh in Kuala Lumpur MALAYSIAN tycoon Vincent Tan has sold more shares of his flagship Berjaya Group to a level below what he had pledged to hold when making a cash call last December. Berjaya said its chairman and330 words
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425 1999-07-23 14 Ruth Wong - Tapering NPLs mark improvement, bank's chief exec says From, Ruth Wong in Kuala Lumpur UNITED Overseas Bank (Malaysia) Bhd (UOBM) chief executive officer Francis Lee said the banking environment had stabilised in the first half of this year, and expects a more425 words
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269 1999-07-23 14 Corinne Kerk - Stakes in substantial holder Gl5 sold to investment funds By i Corinne Kerk [SINGAPORE] Engineering firm Lindeteves-Jacoberg (LJ) yesterday announced that nine of its managers have sold shares in Gl5 Investment Holdings a substantial shareholder of the company to a fund management group. The purchasers,269 words
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217 1999-07-23 14 [SINGAPORE] Wooden pallet maker LHT Holdings yesterday said its initial public offer was 136 times subscribed. Applications for a total of 2.7 billion shares were received for the 20 million shares available to the public when the offer closed at noon yesterday.217 words
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183 1999-07-23 14 [SINGAPORE] Raffles Holdings, the hotel arm of mainboard listed developer DBS Land, is venturing into the Indonesian resort island of Bali where it will build a 210-villa resort in partnership with an Indonesian firm. The DBS Land unit183 words
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COMPANY Briefs
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56 1999-07-23 14 [SINGAPORE] Singapore Technologies Engineering (STE) yesterday announced that The Capital Group Companies (TCGC) has acquired 1.8 million shares representing 0.07 per cent of its issued share capital at $2.06 per share. This raises TOGC's stake in STE to 181.4 million shares or 6.4 per56 words
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62 1999-07-23 14 [SINGAPORE] Informatics Holdings (IH) yesterday announced that PT Informatics Rigtenders Indonesia (PTIR), a subsidiary company, has increased its paid-up capital from U*****,000 (Ssl.l million) to U*****,450 by an allotment of 1,845 shares of US$lO each fully paid. IH has a 60 per cent stake in62 words
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97 1999-07-23 14 [KUALA LUMPUR] Hwang-DBS Securities will raise its stake in its 49-per cent asset management arm, Hwang-DBS Asset Management (HDAM). In a statement to the Kuala Lumpur Stock Exchange last night Hwang-DBS Securities said it has agreed to buy a 32-per cent stake in97 words
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75 1999-07-23 14 [KUALA LUMPUR] Pantai Holdings said it has not increased its stake in PhileoLand. However, Pantai, controlled by Mokhzani Mahathir, said it has entered into discussions with the existing shareholders of PhileoLand "with the view" to raising its stake in PhileoLand. Pantai issued the statement in75 words
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94 1999-07-23 14 Reuters [HONGKONG] The Stock Exchange of Hong Kong (SEHK) said yesterday that it was aiming to launch its new second board, the Growth Enterprise Market (GEM), in October this year. The stock exchange published the listing rules for the GEM yesterday. GEM Listing CommitteeReuters - 94 words
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Article68 1999-07-23 14 Reuters [KUALA LUMPUR] Malaysian financial services firm Rash id Hussain Bhd said yesterday that Khalid Ahmad quit as its director on Wednesday. The news followed Mr Khalid's resignation as executive chairman of Malaysian Resources Corp Bhd (MRCB) on Wednesday. Diversified MRCB has a 16 perReuters - 68 words
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72 1999-07-23 14 Bloomberg [KUALA LUMPUR] The Malaysian bourse said it will end the one-day delay for settling stock transactions when it implements a new system and assigns clearing functions to three foreign banks Citibank Bhd, Deutsche Bank Bhd and HSBC Bank Bhd—next week. TheBloomberg - 72 words
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INTERNATIONAL COMPANIES
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433 1999-07-23 15 It eyes acquisitions in transportation, e-commerce after flotation: chairman LAT—WP [LOS ANGELES] United Par eel Service (UPS) of America Inc, one of the nation's largest privately held companies, said on Wednesday it plans to sell 10 per cent ofLAT—WP - 433 words
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Article, Illustration79 1999-07-23 15 [TOKYO] Miki Shimizu of NEC's optical storage division shows off its new optical video disc, MVDISC (Multimedia Video Disc) and its video recorder, GigaStation, yesterday. GigaStation has the advantages of quick access, quick editing and quick response over current video recorders and can store 1 hour,AFP - 79 words
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432 1999-07-23 15 Bloomberg [DULLES, Virginia] America Online Inc (AOL), the world's largest Internet service, said its fiscal fourth-quarter profit more than doubled as it signed up 755,000 new subscribers and advertising revenue surged. AOL earned US$l56 million (*****.9 million), or 13 US centsBloomberg - 432 words
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COMPANY Briefs
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86 1999-07-23 15 Bloomberg [KANSAS CITY, Missouri] Sprint Corp, the No 3 US long-distance phone company, said second-quarter profit rose 6 per cent on strong demand for Internet and data services. Earnings rose to US$3B6 million (***** million), or 44 US cents a share, fromBloomberg - 86 words
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92 1999-07-23 15 Reuters [HONGKONG] The Stock Exchange of Hong Kong (HKSE) said yesterday that it aims to launch its new second board, the Growth Enterprise Market (GEM), in October this year. It published the listing rules for the GEM yesterday. GEM Listing Committee members willReuters - 92 words
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66 1999-07-23 15 Bloomberg [MELBOURNE] National Australia Bank said third-quarter net income rose 12.6 per cent, in line with expectations, as it diversified its business, cut costs in the domestic market, and provided more home loans. The bank reported it made A 5697 million (*****.7 million) in theBloomberg - 66 words
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293 1999-07-23 15 Bloomberg [SEATTLE] Amazon.com Inc, the Internet's largest retailer, said its second-quarter loss widened because of increased spending to promote and expand its Web site, while revenue more than doubled. Amazon.com also said it will split its stock 2-for-l. Its loss grew to US$l3B millionBloomberg - 293 words
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259 1999-07-23 15 Reuters [AMSTERDAM] Philips Electronics NV said yesterday that its second-quarter net earnings fell by 28 per cent, but expectations of a favourable second half reinforced its target of double digit growth in the full year. Philips posted net income fromReuters - 259 words
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Article446 1999-07-23 15 New range of phones helps it maintain edge over rivals Bloomberg [HELSINKI] Nokia Oyj, the world's largest cellular phone maker, said second-quarter profit rose 59 per cent as new phones helped it maintain an edge over rivals Motorola Inc and Ericsson AB. The Finnish company'sBloomberg - 446 words
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FINANCE & COMMODITIES
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Article, Illustration615 1999-07-23 16 NET TRADING FRENZY Venture could be one of the most efficient computerised stock trading posts NYT [NEW YORK] Fidelity Investments and Charles Schwab Corp have been fierce competitors in virtually every business in which they operate mutual funds, stock brokerage, online trading. ButNYT - 615 words
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486 1999-07-23 16 It's turned USs3om bet into investment worth USs7som Bloomberg [NEW YORK] Chase Manhattan's Susan Segal had been in her job a few months when she started investing the bank's money in a littleknown Internet firm. Two years later, the U5529.5 million (SssoBloomberg - 486 words
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411 1999-07-23 16 Mitsubishi, Wit Capital form on-line investment bank Reuters Bloomberg [TOKYO] Jumping into what is fast becoming one of the most crowded markets in Japan, trading house Itochu Corp said yesterday it would team up with Microsoft Corp and others to launch stock broking servicesReuters; Bloomberg - 411 words
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327 1999-07-23 16 AFP [PARISJ The takeover battle in France to create the biggest bank in the world by assets moved into a new stage yesterday when BNP bank forecast a big profits increase and said it was assured of support from five foreign investorsAFP - 327 words
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175 1999-07-23 17 Daphne Tay - Heports MSG! Singapore Index Daphne Tay THE Singapore stock market suffered another bout of weakness yesterday in the absence of fresh leads and a lack of institutional interest. The Straits Times Index lost 29.45 points or 1.4 per cent to close at 2,067.89. The175 words
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132 1999-07-23 17 Cecilia Loh - MSCI Taiwan fatores Cecilia Loh THE Simex MSCI Taiwan Stock Index futures plunged 7.40 points after failing to maintain its upward momentum as cross-strait tensions continued. The Taiwan Weighted Price Index closed 107.98 points down led by the chiprelated sector as foreign investors posted132 words
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290 1999-07-23 17 ENERGY REPORT Reuters [LONDON] Oil prices traded sideways yesterday after Venezuela's president said the Opec nation saw no need this year to ease supply limits. London September Brent futures traded four cents higher at U5518.63 a barrel by 1500 GMT having touchedReuters - 290 words
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Article325 1999-07-23 17 AFP AFX-Asia London THE US dollar was sharply lower against the yen ahead of congressional testimony by Federal Reserve chairman Alan Greenspan, undermined by opening losses on US stock markets, dealers said. They said the shaky Wall Street start triggered fresh outflows, with the dollar's fall through technicalAFP; AFX-Asia - 325 words
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Article, Illustration1081 1999-07-23 17 mTMMBAMg CROSS KATES C$—Fir H Mb **Uk V-Ww Ml »aPilh Ptw g U* SIrlTSMK N—i lg$ "J 7 1201 1021 0.766 7JB 2.459 1.2Z733.249 24J61 L099 1942 1992 ***** 24.W9 0.411 1*47 I" 243 07W »•<*• 2-531 1263 34.226 ***** 1131 4.058 1021 ***** 24.858 0.423 166* CMm 0.186 (MM1,081 words
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Article1701 1999-07-23 17 nCOM FUTURES Jul 22 ■UK* (fclewdi*eeMSJ6pe) KSSICOKTtACTncwtiAt) Oqm VoOTm OpM Mwtt Lot Htt (tOOTM) Iwtfwt A«|9t 9100 300 5*99 95.75 900 Oct 99 9100 98.00 96.00 600 300 Ho* 99 99.50 300 &K99 ***** 300 JmfitmOQ 104.25 300 ISS3C0IITIKTaBcMli/lti Vofcat Opta MwMl MP Iot Sttt (tont) IwUrtrt km* 54.75 54.751,701 words
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Article, Illustration1373 1999-07-23 18 AFP n Hang Seng -50.60 HONGKONG share prices dropped 0.4 per cent yesterday in cautious and directionless trade due to the weaker Tokyo market, dealers said. "Sentiment has been mainly affected by weaker overseas markets, particularly in Tokyo," said Alex Tang, research head at brokerage Core-Pacific Yamaichi. The keyAFP - 1,373 words
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Article, Illustration608 1999-07-23 18 AFP Reuters Shanghai B Index -0.23 SHANGHAI'S B shares closed 0.5 per cent lower yesterday after initially rising, with investors taking profits after sharp gains in the previous two sessions, dealers said. "B shares surged upward to an intra-day high and then drifted lower amid profittaking," a Bank ofAFP; Reuters; Source: Credit Lyonnais Securities (Asia) Ltd - 608 words
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Article356 1999-07-23 18 AFP QWP Index -107.98 TAIWAN share prices closed 1.4 per cent lower in thin trading yesterday as investors took to the sidelines amid tensions with China, dealers said. "Investors stepped to the sidelines on concerns over uncertainties in relations across the Taiwan Strait," said Bentham Hung, manager of Fuh-HwaAFP - 356 words
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Article2329 1999-07-23 18 LONDON Industrials M 21 Pound 34 Croup 7.96 -0.05 Abbey National 11.50 -0.07 A BFoods 4.00 -0.07 A B Ports. 3.03 -0.04 AstraZeneca. 22.75 0.01 Alliance Leicester 8.27 -0.13 Allied Domecq 5.73 -0.20 Allied Zurich 7.56 0.15 Anglo American Gold 43.70 unch ASDA Group 2.18 unch Bank2,329 words
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Article1661 1999-07-23 18 AFP □Nikkei 225 -527.18 JAPANESE share prices slumped 2.9 per cent yesterday on fears that the rising yen will hurt major exporters and stifle nascent economic recovery, brokers said. "The heavy fall was triggered by selling from foreign investors concerned over the falling profitability of exporters amid a strongAFP - 1,661 words
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KUALA LUMPUR STOCK MARKET
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Article, Illustration430 1999-07-23 19 AFP CI Composite Index -&88 MALAYSIAN share prices ended 0.8 per cent lower yesterday on forced selling activities and moves by some brokerages to lower trading limits, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 6.88 points to finish at 829.77.AFP - 430 words
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Article8770 1999-07-23 19 INDUSTRIALS Consumer products Lest Vol Day Net Cap MHO Low Company Sat* OOO High Low P/t 5 mil *40 255 Ajinomoto 368 -4 5 368 366 23.3 149.2 174 46 Angkasa 148 -6 597 158 140 218.2 404 220 Apollo Food Hlg 376 -10 35 386 372 13.1 150.4 2948,770 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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207 1999-07-23 20 R Sivanithy - WARRANT WATCH -By R Sivanithy MANY times in the past, we've seen the market suddenly latch onto something new and push it up to stratospheric levels IPOs (initial public offers) spring readUy to mind. The logic is that eventuaUy, the market wiU want the new207 words
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Article217 1999-07-23 20 HOHttCOM STOCKS Cr Gr M w l*« VI Day Lact Ouot# M M YM M NO» H l— stw CMmr ut» rooo> wm» l— awyf tmm cw p/t }mi 365 T73 5123 CDC (2000) MK 315 IS 40 315 315 300 3(5 6 17 23 10 7 *****217 words
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Article2124 1999-07-23 20 BONOS. LOANS S WARRANTS m 52-*k Last Vol Day Last Ouots A«« High Low Stno Company Sato **r- COOOl High Low Buyer Seller Price '04 3 s 3160 -Acer W*****1 48 5 -2 489 54.5 46 47 5 49 80 4.5 s 3164 Acma ******4 40 -2 319 43 392,124 words
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Article287 1999-07-23 20 AFP CI Wellington -9.07 NEW Zealand share prices fell 0.4 per cent yesterday after Telecom reversed early gains and Tokyo posted a steep decline on fears over the rising yen, dealers said. The NZSE-40 Index dipped 9.07 points to 2,195.33 on light turnover of NZ$63.B million. J* 12 «BAFP - 287 words
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Article, Illustration855 1999-07-23 20 AFP P SET Index -9.64 THAI shares slipped 1.9 per cent yesterday as investors took profits in the banking sector following the release of first-half profit results, dealers said. Share prices closed lower on foreign selling and profittaking mainly in the financial sector after Wednesday's gains, dealers said. SellingAFP - 855 words
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Article405 1999-07-23 20 AFP Q Composite Index +1L55 SOUTH Korean share prices closed 1.2 per cent higher yesterday after late bargainhunting reversed early losses spurred by concerns over Daewoo Group's restructuring. Banks fell in early trade on the back of volatile money market rates and concern about Daewoo Group's restructuring plans, SKAFP - 405 words
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Article653 1999-07-23 20 AFP NAD Ordinaries -25J SHARES closed down yesterday ahead of the US Federal Reserve chairman's congressional testimony, brokers said. The Australian Stock Exchange's benchmark All Ordinaries Index ended 25.1 points lower at 3,086.3. The All Industrials Index closed down 34.1 points at 5,368.1 while the All Resources closed 21.9AFP - 653 words
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Article, Illustration705 1999-07-23 20 AFP n Composite Index +L 55 INDONESIAN share prices closed 0.2 per cent higher yesterday amid a late rebound in selected blue chips and continued buying of pharmaceutical stocks, dealers said. They said the broad market was generally quiet during the day as investors remained cautious over the country'sAFP - 705 words
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Article317 1999-07-23 20 AFP CI Manila -3(183 PHILIPPINE share prices fell 1.2 per cent yesterday with investors cautious over local and overseas developments. The Philippine Stock Exchange Composite Index fell 30.83 points to close at 2.488.62. Volume rose to 2.1 billion shares worth 2.5 billion pesos from 1.8 billion shares worth 2AFP - 317 words
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7269 1999-07-23 21 S2-Wk Last Vol Day Last Ooote W» Dlv Vtd Nat Cap Avg High Low StNo Company M« fOOOt High Low Buyer Seller C'vr P/C SmH Prtci MULTHNOUSTRY 182 17.Smb 1000 Acma 50c 129 -3 231 135 t27 127 129 10 3.3 3.9 10.6 213.47,269 words
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Article1510 1999-07-23 21 Transaction date: Jul 22 Or Or M wt 52-w* Loot Vol Day Loot Ouoto 0*v Otv Yld Hot C« An l— urn i* rooo) l— o»yr urn» cv w Prtpo MANUFACTURING 218 30 e 2049 AS Auto 10c 173 *3 4*6 173 166 168 173 10 N 0.6 197.51,510 words
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STOCK EXCHANGE OF SINGAPORE
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Article371 1999-07-23 22 Stocks Volume Golden Agri USIOc 21,342,000 Asia Foodi Prop 19,866,000 Hotung Inv MT5 16,716,000 IPC Corpn 5c 12,499,000 •Gentlng Int 12,406,000 tCT HKIOc 10,664,000 IKH.R 9,751,000 PohliantOc 9,498,000 Eagle Brand HWgs HK75c 9,209,000 l-One 5c 7,759,000 Stocks SPH 69,369,190 SIA Foreign 34,450,863 DBS Foreign 22,986,345 DBS Land 16,983,328 UOB Foreign371 words
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Article, Illustration79 1999-07-23 22 Ven Sreenivasan - -By Ven Sreenivasan SPH has been under pressure during the last two days in the wake of rumours of the emergence of a new newspaper group. From a technical perspective, the stock has further downside. The RSI indicates that the counter is still overbought while the stochastic charts79 words
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ON THE GRAPEVINE
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Article126 1999-07-23 22 WOULD it require a miracle to get Asia's computers to be year 2000 (Y2K) compliant? It seems so, according to a joke narrated by Singapore's attorney-general Chan Sek Keong at a seminar yesterday: An IT executive vacationing in Bintan finds a bottle on126 words
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Article257 1999-07-23 22 THE local financial community has been preoccupied with speculation of what impact a new newspaper, being planned by SMRT and listed Swedish media group Modern Times Group, will have on established Singapore Press Holdings. Here is how one leading broking house sees it, according to a257 words
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Article120 1999-07-23 22 WHEN a stock market drops as much as the one in Singapore has, people inevitably start to speak of "bargain-hunting", the idea being that one can start to buy good stocks on the cheap. One local brokerage, however, has a different term for it, one which120 words
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Article, Illustration642 1999-07-23 22 R Sivanithy - STOCK MARKET COMMENTARY SPH shares hit again; forced selling/margin calls probably over for now, bnt no immediate major rebonnd expected By R Sivanithy A 527-POINT plunge in Tokyo's Nikkei Index, strict enforcement of trading curbs by local brokers, margin calls and a642 words
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Page 13 Advertisements
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Advertisement54 1999-07-23 13 B V LG A R I jfy. The Chrono watch. Automatic movement f/M flglL^flß A jK* V -Xy. 5 Y v^Jtiv- fl 'iß^^H^v: > PNM Available in Singapore at Bvlgari, Hilton Hotel 737 1652 Takathimaya Department Store 735 6689 and: Dickton Watch Jewellery. The Promenade 732 8900 Centrepoint 734 582254 words
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Page 15 Advertisements
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Advertisement641 1999-07-23 15 GENERAL SECURITIES INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) The Board of Directors of General Securities Investments Limited wishes to make the following announcement: UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1999 Company Group Incr/ Incr/ Jun-99 Jun-98 (Deer) Jun-99 Jun-98 (Deer) SS'OOO SS'OOO SS'OOO SS'OOO Operating641 words
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Page 16 Advertisements
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Advertisement927 1999-07-23 16 CENTRAL PROPERTIES LIMITED AND ITS SUBSIDIARY COMPANIES (Incorporated in Singapore) I PROFIT AND DIVIDEND ANNOUNCEMENT I UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1999 1. Unaudited Profit and Loss Accounts I The Group The Company 1999 1998 Change 1999 1998 Change ss'ooo Ss'ooo Ss'ooo SS'OOO Turnover 14,430 13,320927 words
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Advertisement11 1999-07-23 16 Tuesdays The Property Column by Lee Han Shih The Business Times11 words
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Page 18 Advertisements
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Advertisement10 1999-07-23 18 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes SIHOAPORE10 words
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Advertisement10 1999-07-23 20 Where they've been... v Money Matters Every Wednesday in THEBUSINESSTIMES10 words
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Page 21 Advertisements
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Advertisement54 1999-07-23 21 You never actually 7 PATEK PHILIPPE GENEVE own a Patek Philippe. You merely look after it for the next generation. The Annual Calendar. The first Jr. self-winding annual calendar watch with power reserve and moon-phase. Mens Annual Calendar ref: 5036/1. For information: Geneva Master Time, Tel: (65) 732 1506. www.patek.com54 words
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Page 22 Advertisements
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Advertisement1467 1999-07-23 22 Going to trade online? You need DBS investor Online. Simply the best research. Call 323-3955 today >I<l XSSBANK NOTICES Tn advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOTICE IS HEREBY GIVEN that I,TAN BOON PAR of Blk 107, Bishan Street 12 *05-200 Singapore *****7, have applied for a1,467 words
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Advertisement524 1999-07-23 22 TECHNIC HILL PTI LTD (Incorporated in Singapore) NODCi IS HEREBY GIVEN that a Meeting of the Creditori of th* Company wil be hold at 60 Matin Rood. Function loom 1. TradeMort Singapore, Singapore *****5 on Friday 30 Jufy 1999 at 3 00 pm 1. The Com pony hat convened a524 words
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Advertisement346 1999-07-23 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER OF MING WAH (SINGAPORE) SHIPPING PTE LTD (In Mambara' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Purauant to Saction 200(2Hb)] At an Extraordinary Ganaral Meeting of tha Company hald at 5 Tamaaak Bouiavard •12-05 Suntac City346 words
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Page 23 Advertisements
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Advertisement332 1999-07-23 23 Motoring Daewoo at the helm EL 6 H|^ market and a lack of economies of scale. Despite that on their craft jaimb be talks to them in bl 3 r HF Br pi? N fMI Striking out: .Jfaffltt tSRt (clockwise, from left) L kXt M|Hfl ifii ifc-, r* -jfcjj^^Bß |Aa332 words
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Advertisement10 1999-07-23 23 Epicure A night of erotic cuisine EL 7 EB^PS^3Q S10 words
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EXECUTIVE Lifestyle
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PERSPECTIVE
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819 1999-07-23 24 Jaime Ee - Off the Cliff by Many don't really know how to deal with life, which makes it even harder to accept death. Perhaps, we should live life as fully as we can possibly manage by r~ Jaime Ee THERE is a certain sense of819 words
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STRAWS In The Wind
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Article56 1999-07-23 24 WHAT'S in a suprise? Usually another one. That's what one diner found out at Gu, the newest noodle bar to join the trendy restaurant fray. Pointing to an item on the menu that said "Noodle Surprise", he asked the waitress, "Can I have the surprise?" To which56 words
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Article36 1999-07-23 24 One journalist has taken to the idea of taking the herb gingko biloba to improve her memory. But she has a major pi oblem: she keeps forgetting to take it.36 words
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Article106 1999-07-23 24 IF you think you can't learn anything from the movies think again. Here are some nome truths, as gleaned from Jhe big screen: ♦At least one of a pair of identical twins is born evil. ♦Most laptop computers are powerful enough to override the communications106 words
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Article, Illustration626 1999-07-23 24 Susan Tsang - CINEMA A Walk on the Moon's focus on life in a Jewish resort has a narrow appeal By\ Susan Tsang A WALK on the Moon styles itself as a romantic comedy, but forget about a cutesy Meg Ryan giggler written by Nora Ephron. The characters626 words
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Article, Illustration528 1999-07-23 24 Tan Su Yen - TRENDS By' Tan Su Yen WE aren't quite a gracious society yet, a Gallup Poll commissioned by Metro Singapore has found. But we might just get there with the help of the much-maligned Metro sales girl. The survey which polled a528 words
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Article, Illustration600 1999-07-23 24 Susan Tsang - CINEMA It starts off promisingly but soon degenerates into a series of disconnected scenes By I Susan Tsang YOU land a million planes safely, then you have one little mid-air crash, and you never hear the end of it. Welcome to the stressful world600 words
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COVER STORY
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Article631 1999-07-23 25 THE "Made-in-Singapore" label unless it is sewn on an obscure corner of a piece of designer clothing —is something that Singaporeans look at with a mixture of fear and loathing. There are two reasons why Singaporeans don't like to buy things made in their own country:631 words
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Article, Illustration443 1999-07-23 25 DINAH Howe's creative spark was ignited in an unlikely way 17 years ago. She was pregnant with her first child, and hated the fact that with so few maternity boutiques around, all the women at her obstetrician's clinic looked alike in tentlike443 words
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Article, Illustration536 1999-07-23 25 PATRICK NG, a 46 year old ceramicist turned glass artist, seems to be one of the better established Singapore craftsmen, having been in the business for over 18 years. Less than a year ago, he even upgraded from his home-studio to a proper factory,PHOTOS BY CHRIS LOH & SIEW YAW HOONG - 536 words
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Article, Illustration560 1999-07-23 25 YOU might have seen the shop Pomp, in Tanglin Shopping Centre a treasure trove of what are supposed to be lamps, but to a layman looks like someone had massacred a group of kaleidoscopic-coloured birds en masse, or skinned animals and shoved lightbulbs inside them.560 words
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Article, Illustration549 1999-07-23 25 RICHARD Tsen started out as a self-taught fashion designer who got together with five other friends to open a menswear store, n.dro, at Raffles City shopping centre. But the enterprising 28 year old has since branched out into homeware that he designs himself and has549 words
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Article, Illustration678 1999-07-23 25 WITH candles becoming such a big fad in Singapore, more local candle-makers have come into the market with their own unique designs and scents that can be customised according to demand. Jaqueline Low is a ceramics-cum-candle artist who recently gave up her advertising678 words
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ART
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Article, Illustration1078 1999-07-23 26 PARVATHI NAYAR - partathinataii discovers some unusual exhibits in one of the three Volume Form sculpture trails PARVATHI NAYAR IT is a sculpture exhibition with a difference. It's big, not just in numbers over 250 sculptures by 150 sculptors from 20 Asia-Pacific countries but also1,078 words
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TRENDS
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Article, Illustration829 1999-07-23 26 Parvathi Nayar - Master-perfumer Jacques Polge and make-up creator Dominic Moncourtois work together to come up with the look for the fashion house Ify] Parvathi Nayar STYLE is innate but it can also be created. It's something that fashion house is well aware of and exploits to829 words
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PURSUITS
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Article, Illustration473 1999-07-23 27 Parvathi Nayar - Compiled by Parvathi Nayar THEATRE Haunted Theatre Works presents a musical about a wealthy family, the Loongs, and malevolent forces at work in the Loong mansion. July 29 Aug 8, Bpm and Sat matinee 2.30pm. Venue: Victoria Theatre. Tickets: $25/30/35/45/60 (Weekdays, matinees) and $30/35/40/50/65 (FriSun), available at Sistic(34B473 words
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Article, Illustration883 1999-07-23 27 Parvathi Nayar - THEATRE Seagram, SET have set op Ah Kong's Birthday Pte Ltd to produce the show as a round-the-year dinner theatre event By Parvathi Nayar "MARTELL presents" will now precede all activities relating to the production ofA/i Kong's Birthday Party, the interactive dinner play by Singapore883 words
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MOTORING
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Article, Illustration822 1999-07-23 28 CHRISTOPHER TAN - The Chairman is the latest entrant into the five-metre yacht-class segment, inspired by a titanic Continental model. But as Christopher taw discovers, it's really not the size, but what you do with it that counts CHRISTOPHER TAN THE Daewoo Chairman is a clone. Of what, weARTHUR LEE - 822 words
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STYLE
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Article, Illustration809 1999-07-23 28 Jaime Ee - FURNITURE Signature Store has added two UK labels Liberty IV and Sable Island to its John Kelly fnrniture range By Jaime Ee AS contemporary minimalism continues to dominate the home design front, trendy home owners have yet to tire of the übiquitous chrome and steel thatCHRIS LOH - 809 words
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Article, Illustration384 1999-07-23 28 Jaime Ee - FURNISHINGS By, Jaime Ee IF you've been to Robinson's home furnishings section lately, you might have been taken aback by what looks like a shift from its traditional conservativeness to a sudden, almost "groovy" makeover that's turned it into a lifestyle store384 words
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EPICURE
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Article, Illustration1110 1999-07-23 29 Tan Su Yen - RESTAURANT Chef G's set lunch is valne for money despite the small portions; so are its takeaw&ys By Tan Su Yen THE newly-opened "Chef G Restaurant and Good Food To Go" in Orchard Cineleisure is one restaurant which won't have to worry1,110 words
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Article, Illustration910 1999-07-23 29 TAN SU YEN - You don't have to go far to look for aphrodisiacs, tan su ten heads down to Kinara to sample its love potions TAN SU YEN WHAT food would you eat at a special meal with the love of your life? Tome "love foods" should haveSIEW YAW HOONG - 910 words
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Article, Illustration593 1999-07-23 29 CRAVINGS "LIFE is to short to eat bad food," Sydney restaurateur Christine Manfield declared. Ms Manfield was one of the guest chefs at last year's World Gourmet Summit. Starting Monday, 10 celebrity chefs from all over the world will once again descend on593 words
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Article, Illustration123 1999-07-23 29 Tan Su Yen - Compiled by Tan Su Yen CULINARY consultant Devagi Sanmugam is best known for the very well thought-out cooking classes she gives. What is less well known is her strong interest in spices. She conducts spice talks in homes and institutions, often over afternoon tea. Now Mrs Sanmugam has123 words
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700 1999-07-23 29 Something new, something old —but both fine vintages WINE CONNOISSEUR By N KYong 1040 One of the great vintages of the forties, remembered for producing rounded, soft fat wines, beautifully balanced, in some cases (Figeac for one) better than the 1947. Chateau Poujeaux 1040 magnnm (direct from Chateau) Medium-dark brown-red,700 words
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Page 24 Advertisements
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Advertisement27 1999-07-23 24 Effect after one Laughing Buddha Martini EastsideS oi 51 '52 I I Square 011 Muhaint-d Sultan Tel 041.N Aijc limits .tnd dress code apply Cocktails Sushi Wines27 words
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Page 24 Miscellaneous
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Miscellaneous154 1999-07-23 24 CBTPTIC CROSSWORD 24 off 27 Letters showing similarity 7 Retribution over sister hav- YESTERDAY'S SOLUTION uwr ing ecstasy with men (7) Iplrl i IvlAlTlEßEislc'A'p'e'F 1 He'll mesh crooks, with cun- 8 Palace has no place for cook- rUnMnMpmaMuPßrMs) ning (8.6) ing apple (8,6) E N E rj' 1 B P154 words
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Page 26 Advertisements
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Advertisement17 1999-07-23 26 SI Your weekly guide to pubs and lounges every Friday in The New Paper Fastads TSSEXtS i17 words
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Page 27 Advertisements
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Advertisement539 1999-07-23 27 IX/liaka <I!»a An J Presented Diners club Offers Personalised Cash Access To apply, call: w nere to winc 5 dine Hnd entertain. a t over 30,000 locations worldwide. 290 4545 Every Saturday and Sunday pamper yourself from as early as 12.00pm to our sumptuous High Tea Buffet of popular Asian539 words
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Advertisement92 1999-07-23 27 WORLD GOtRMETSIMMIT pHfNESE m 3)3 Orchard Road. Singapore 2J8867 441 KtfirrloH- C«*£g CrOSSrO*J>S 11 2.10?** The Singapore Marriott Hotel is famous for its fine International cuisine Now you con enjoy a leisurely Sunday Brunch with dishes such as Chilled lobster. Sushi. Short's Fin Soup and Braised Abolooe with Mushrooms. Priced92 words
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Page 30 Miscellaneous
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Miscellaneous3025 1999-07-23 30 TODAY'S TV CINEMA RECOMME>rPEP ▼towjgP JSk PMHeadhneNews. s Who Me. Mike Meyers re 2 M riosp LO3 Talking Point. turns with Heather Graham on his arm to spoof the world of The fight to can change clouds into JJJ Set Dragon Adven- Conversation. spies. The sequel's title says it all.3,025 words
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Page 31 Advertisements
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Advertisement242 1999-07-23 31 Freehold ~1 Development Site Collective Sale By Tender |o cKY City I City Address 18-28 Ipoh Lane Plaza >&V off Tg. Katong Rd If Site Area 27,626 sq ft k []S>L-_A Zoning :'Residential' with P.R. 2.8, B 20 storeys [5* I Description: Rectangular site with j p a 70m frontage242 words
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Advertisement160 1999-07-23 31 Make mountains out of molehills. With so many fine educational and upgrading opportunities in The Straits Times Classified daily, it's no wonder our readers are inspired to scale the heights of knowledge. Advertise in the Education/ Training section (Classifications 703 to 794). Call C.A.T.S. at 1800-737-1166. Buy It. Sell It.160 words
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Advertisement47 1999-07-23 31 "5 I czi a r 1 D I I D D y y s /:Home. D tiiiananq Since 1950 Hotline: *****68 «fr JH «IJk Wfi*> b] SINGAPURA BUILDING SOCIETY LTD Ang Mo Kio 458-4222 Beach Road 292-1459 Bedok 445-8011 Bukit Timah 467-1916 East Coast 348-8262 Serangoon 299-885547 words
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Page 32 Advertisements
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Advertisement373 1999-07-23 32 p 4^ —nn— nPIH 1| buvk.^^.f^m. v; f ,^vik- Ib^ SP' F^l ,lpfe«^i ihhmmljjmj 1.1 1 irviw^^TO CATCH ASIA ON THE REBOUND, CALL CMG FIRST STATE INVESTMENTS. After the bitter medicine, the Asian economy looks set to you should consider the regional funds from CMG First to select the best373 words
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Page 33 Advertisements
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Advertisement307 1999-07-23 33 Grea (Link. f rom Great Eastern potential for good returns. Life, gives you ike best of bolk worlds; And remember, you're insured insurance and investment opportunities. wkile you invest. So even if you lose Tke flexibility to make your money work karder. Great Link pi ans are like m because307 words
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Advertisement216 1999-07-23 33 brought to you by (w) Great Eastern Life LAST WEEK'S WINNER: Congratulations to Ms Hoo Hau Mei of NR1C*****64/ F! She wins one limited edition Mont Blanc pen for the July 9 issue of Insurance-wise ■Aillb Simply send in the completed coupon and you stand to win this 3Com Palm216 words
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Page 34 Advertisements
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Advertisement192 1999-07-23 34 Enjoy more than just high interest from a Citibank Foreign Currency Deposit.* Iv, .f- .'Of Receive Takashimaya shopping vouchers** in addition to interest on your Citibank Foreign Currency Deposit.* If you re shopping for an attractive foreign currency deposit with a little something extra, search no further. Because in addition192 words
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EXECUTIVE MONEY
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Article, Illustration1633 1999-07-23 36 TEH HOOI LING - As Internet fever spreads, more companies are jumping into cyberspace teh hooi lino looks at how analysts separate the froth from the gems TEH HOOI LING PUTURE generations will look back at the 1990s and deem it as one of society's defining decades: the Internet1,633 words
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RESIDENTIAL PROPERTY
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Article, Illustration707 1999-07-23 31 DAVID BOEY - Average prices across all major flat types up in Q2, property agency's survey shows, davxd boey reports DAVID BOEY RESALE valuations for all types of Housing Development Board (HDB) flats have turned around and clearer signs of the upward trend are expected as earlySource: ERA; FILE PHOTO - 707 words
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Article1001 1999-07-23 31 HDB transactions from Jun 1 to Jun 25, 99. w POSTAL CONTRACT BUILT-IN/ PHCE PSf LOCATION DISTRICT DAT* (SOFT) <S$000| (S$] 4-Roorn (Type A) Bedok Reservoir Rd *****5 07-Jun-99 1109 270 243 Bedok Reservoir Rd *****8 08-Jun-99 1108 263 237 Bedok Reservoir Rd *****4 15-Jun-99 1119 235 2101,001 words
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Article481 1999-07-23 31 BANKS/FINANCE COMPANIES YEAR 1 YEAH 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6-10 YEAR 11-36 Citibank* (max of 30 yrs) -1 to 5 years loan duration 4.0000 4.7500 5.0000 5.2500 5 2500 -6 to 10 years loan duration 4.0000 4.7500 5.2500 5.5000 5.5000 6 0000 -11 to 30 years481 words
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UNIT TRUSTS
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Article, Illustration619 1999-07-23 32 GENEVIEVE CUA - But fund manager has underweight US for first time as PEs climb, Genevieve cua reports GENEVIEVE CUA IF you're mulling over whether to let go of a unit trust investing mainly in US stocks or global equities in favour of Asia's bull markets, theSource: Rothschild Asset Mgt; ARTHUR LEE - 619 words
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Article397 1999-07-23 32 UNIT TRUST/SECTOR (6 MONTHS 31DEC96-16JUL99) CHANGE BENCHMARK CHANGE Top 10 funds 1 Templeton IF Korean/Korea EQ 202.59 Korea SEComposrte 301 92 2 Five Arrows SEA Special/FAR East PAC EQ* 180.00 MSCI AC Far East exJap 78 70 3 Schroder Spore Trust/Spore EQ* 160.91 Spore Straits397 words
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INSURANCE-WISE
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Article, Illustration1254 1999-07-23 33 GENEVIEVE CUA - Statistics show that investments over the long term generate higher yields than a simple savings deposit reports gemevieve CUA GENEVIEVE CUA YOU'RE fairly new to investing, and the question of the best time to make your entry, whether it's a specific stock, unit trust or investment-linkedFILE PHOTO - 1,254 words
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PERSONAL INVESTMENT
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Article, Illustration1009 1999-07-23 34 Peter Douglas - THE FDVBR PODVT Amateur Investors are no match for foreign players and trained professionals In an Internationalised S'pore bourse By Peter Douglas The writer is the principal of GFIA Pte Ltd, an independent consultancy working with the financial services sector THE local1,009 words
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Article901 1999-07-23 34 MID-cap stocks, defined as those with market capitalisation of $400 million to $1.5 billion, have performed in line with the Straits Times Index, but not as well as small cap and penny stocks which have enjoyed a stupendous surge, says a July 12 report by OCBC901 words
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PERSONAL FINANCE
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Article700 1999-07-23 35 Genevieve Cua - Publisher: Prentice-Hall (Singapore) List price: $29 358 pages, soft cover Reviewed by* Genevieve Cua HOW do you go about ensuring you have enough to retire on? Or to finance your children's education? Or more immediately, to purchase some of the 4 Cs most notably, a condominium700 words
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Article, Illustration160 1999-07-23 35 Publisher: The Publishing Consultant List price: $12.90 217 pages, soft cover HERE'S yet another financial planning book, this time unabashedly targeted at the man-in-the-street. With its title, Got Money Cannot Die!, and cover blurbs like "1001 ways to save money" and160 words
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1525 1999-07-23 35 Koh Seng Kee Fong Wai Mun - By I Koh Seng Kee Fong Wai Mun YOU'RE keen to buy a property, but do you know the maximum loan that you can borrow? In this section, we show how you can do an affordability analysis, so you can determine the maximum1,525 words
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1722 1999-07-23 35 O«00»rt Twunt 1-mth 3-ntth 5-mfr Pgwjt tmount 1-wtti 3-fflth frffltti DBS Bank HSBC A$ AS S10.000 A24.999 4 1900 4 2500 4 3200 25,000 74 999 3 7500 ***** 4 1250 A25.000 A49 999 4 2100 4 27001,722 words
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Article, Illustration1043 1999-07-23 37 Achieving excellence is a most, not a choice, for businesses aiming to thrive in the new millennium PAUL Kearns, the former CEO of Xerox Corporation, once said: "Quality is like a race without a finishing line." The same can be said about achieving world-class excellence. ItFILE PHOTO - 1,043 words
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WORLD-CLASS BUSINESS EXCELLENCE
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Article, Illustration776 1999-07-23 38 Eugene Low - STMicroelectronics works from the ground up to ensure policies are carried out f*y. Eugene Low The writer is a BTjournalist WHEN Italian company SGS Microelecttronica and Thomson Semiconducteurs of France merged in 1987, it was far from being a match made in heaven. Few expected theARTHUR LEE - 776 words
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Article, Illustration916 1999-07-23 40 Eugene Low - World-class port bags S'pore Quality Award first local MNC to win the business excellence award By] Eugene Low The writer isaßT journalist IF any company has reason to look back contentedly on its own achievements, then PSA Corporation must surely be one of them. Here's916 words
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Article, Illustration875 1999-07-23 40 How will the award help Singapore organisations compete globally? The Singapore Quality Award (SQA) designed to help organisations improve their competitiveness covers a set of seven criteria which address all areas of business excellence. The SQA criteria are based on core values of world-class organisations suchFILE PHOTO - 875 words
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Article, Illustration817 1999-07-23 41 Soh Tiang Keng - From a cooperative set up to provide affordable insurance for union members, NTUC Income has grown to become one of Singapore's largest insurance groups By Soh Tiang Keng BRINGING out the best in people and productivity through efficient work methods is the touchstone of businessFILE PHOTO - 817 words
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Article, Illustration824 1999-07-23 43 Christopher Tan - Transport company Tibs prides itself on innovation, and many of the workable ideas come from staff By i Christopher Tan The writer is a BT correspondent PUBLIC bus companies seldom advertise their services. There is always a ready pool of commuters. And in the Singapore context,FILE PHOTOS - 824 words
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Article, Illustration703 1999-07-23 43 A look at core values and components that make ap SQA's framework for excellence THE Singapore Quality Award (SQA), introduced in 1994, provides organisations with a model of business excellence. As the premier award for business excellence in Singapore, the SQA criteria must be comparable to thoseFILE PHOTO - 703 words
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Page 36 Advertisements
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Advertisement11 1999-07-23 36 Investment How to lose money in a bull market, EM 1211 words
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Advertisement13 1999-07-23 36 £*2 HDB resale prices are up 16% in Q2: ERA survey, EM 913 words
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Page 37 Advertisements
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Advertisement294 1999-07-23 37 V tssmm&toJr ASSOCIATES iPHPVH|i f ri ACC c rBVnAV WHO HAVE CONTRIBUTED TO OUR SUCCESSFUL TRAVEL FIRST LLAbb EVERYDAY We a RTF EL t° A on* AT*T U 3 s US yOU Can ex P ect to rst c^ss as we ever y necessary step to ensure service excellence and294 words
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Advertisement31 1999-07-23 37 INSIDE Pg 2 STMieroelectronics Pg 4: PSA Corp Questions on SQA Pg 5: NTUC Income Pg 7: Tibs Holdings The SQA model COORDINATOR Eugme Lou EDITOR: Elaine Koh SUB-EDITOR: Magtfakne Phong31 words
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Page 38 Advertisements
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Advertisement172 1999-07-23 38 It's just the right thing to do! As a one-stop IT service provider, Singapore Computer Systems' commitment is to understand your IT needs and meet your > expectations consistently. To do this well, we need to look within, fine*'v tune ourselves and our systems constantly. fThe ISO 9001 certification and172 words
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Advertisement248 1999-07-23 38 SembCorp Construction is proud to be a member of the Singapore Quality Class Expressways Commercial Complexes Industrial Manufacturing Our People Our Services I 1 jJj HMV. I At SemM'arj) Cons/ruction, our focus SembCorp Construction offers total is on close teamwork, quality service. one-stop construction service, and long-term relationships. Our starting248 words
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Page 39 Advertisements
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Advertisement34 1999-07-23 39 ——^i TANKSTORE LIMITED MipP g,|„ip rr v a 46- gp dflfcht.- yflp a "> l -**f#4^^ i* i op > /i 1/ r..:*£'/' v^ <fc> .1 < v :s s sp^-v 1 r« CELEBRATES THE ACHIEVEMENT OF34 words
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Page 40 Advertisements
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Advertisement133 1999-07-23 40 o«r expertise can be summed up in two words: Schneider Electric. Groupe Schneider control and automation summed up in one single is now called more efficient. logo and two words. Schneider Electric. They have also given Schneider Electric The circuit breaker, recognition to our global Logistics Asia Pte the contactor,133 words
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Page 41 Advertisements
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Advertisement124 1999-07-23 41 YOU ONIY BECOME THE WORLD'S MOST ADMIRED PACKAGE DELIVERY COMPANY BY PERFORMING ABOVE BAI 1% B% B* In a Fortune magazine survey of customers comprising W0 I# Wm I II W0 senior executives, outside directors and financial analysts, UPS was named the world leader in its field. It's an accolade124 words
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Page 42 Advertisements
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Advertisement239 1999-07-23 42 Among the many reasons we were conferred the Singapore Quality Class, one really stands out. r You. Because it was you, our customers, who've inspired us to reach greater heights. Your demands for customized solutions to satisfy JfF\ your complex needs, and your desire for the very highest quality, have239 words
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Page 43 Advertisements
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Advertisement105 1999-07-23 43 -~y -f% Bml :^;f v -Vqj: ;^A;r-; Hraßft£&. :V J VMMoHHi^IIi^HHBHBHHHIHBHH^BHfiHNr^^P^^^^^IsfIBIHHHHHHHHHHHHHHHHIHBHHHHHHHiiI^IHHI^HIHiHHHa^ Do you know... More than a billion people travel on Otis elevators and escalators a day? Otis equipment move the equivalent of the world's total population every five days? 12 of 20 of the world's tallest buildings are equipped105 words
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Page 44 Advertisements
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Advertisement101 1999-07-23 44 PSA Corporation is honoured SINGAPORE t 1 TT K T t0 WIN h metience the Singapore Quality Award 1999 Winner CITOS to streamline operations within the port. PORTNET for 24-hour real time linkage with customers. 350 pioneering applications developed in-house by our IT specialists. Plus the flexibility to integrate with101 words
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SHIPPING TIMES
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Article254 1999-07-23 45 M11 a CWT Otatributton 1.37 -0.04 42 ChuanHup LM -0.03 976 Cosco lnv**tm«nt 1.27 -0.01 99 FrataM Unkl 0.36 -0.01 7304 OS HoMtng* 0.95 0.02 202 HatSunHup 0.60 KX01 341 IMC HoMktqi-HK 5.60 until 0 Jayi Malting! 0.93 -a02 313 Jurona SNpyard 7.70 until 110 MHnJcwp 5.75 -aos254 words
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Article, Illustration431 1999-07-23 45 Marcus Hand - Niche has strong growth potential with the economic recovery in region By Marcus Hand [SINGAPORE] Locally-based shipbroker Scan-Trans Shipping is refocusing its energies on the niche project cargo market which it believes has strong growth potential as regional economies pick up. "Right now the oil431 words
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144 1999-07-23 45 Bloomberg [WASHINGTON] Royal Caribbean Cruises Ltd will pay fines of US$lB million (5530.6 million) and plead guilty to charges that it dumped oil in the ocean and lied to US Coast Guard investigators, Attorney General Janet Reno said. The fine is the largest everBloomberg - 144 words
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771 1999-07-23 45 Selva Kumar - ADMIRALTY CASEBOOK By\ Selva Kumar AFIRE on board the Antarctic research and supply vessel Aurora Australis in July last year was put out efficiently by the crew but an investigation has revealed several flaws with the way in which flexible771 words
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Article, Illustration893 1999-07-23 46 PXUCEUKE.COM US company which takes bids on plane tickets and hotel rooms sees sales rise 16-fold despite incurring Q2 loss Bloomberg [STAMFORD, Connecticut] US Internet retailer Priceline.com Inc, which lets consumers bid on-line for airline tickets and hotel rooms, said its loss widened in the secondBloomberg; FILE PHOTO - 893 words
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Article314 1999-07-23 46 PAGE Evergreen 6 •ML 3 FoongSun 8 AASCO 12 Frotl '3 Accord 8 Frt Links M Ahrenkiel 14 6 L"* < Appenship 5 Gemartrans f> Austral 8 Genshpg M Avant 14 Ctory Nav 14 B'tanq Mas 8 HaiSunHup 12 BSA 7 Hangti 7 BTL 14 Hanjin 3314 words
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Article20976 1999-07-23 53 thebusinesstimes EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertise Vessel Vo »age Telephone SIN Dest'n Nam* Nam* Number Number SIN Destn Name Name Number Number To BUENAVENTURA (BUN) 2059 Colombia To ABIDJAN (ABJ) 2003 Cot* D'lvolre 03/m n/w nyk iris own 65 *****23 30/07 04/09 OT20,976 words
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SHIPS IN PORT
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Article821 1999-07-23 59 Vessel Voy Mo Berth Arrival Departure ST *8 3690 299 15 22/07/815 22/07/1400 It IMiis in »m J01 22/07/9 00 22/07/1400 54S* M 22/07/7 20 22/07/23 M S«n* lwtari SI9002 *2 22/07/810 2V07A6 00 8*" NOV M J03 22/07/8 35 22/07/23 59 Ml* Rong 09 MAY 99 J16821 words
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Article1856 1999-07-23 59 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To Fro» Act Cofltr U«n 25/1410 M 22/1500 22/1659 22/1900 22/1500 22/1900 2A 22/1700 2 VMM 2V0«00 2» 22/1700 21/0699 21/0900 I 21/0700 23/H59 21/M00 4 21/1200 23/M59 21/1700 Al S464H14 C043V1,856 words
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Article192 1999-07-23 59 Aug 2 Ireland Republic Of: August Holiday. Au|9 Singapore: National Day. South Africa: National Women's Day. Aug 12 Thailand: HM Queen's Birthday. Aug 15 Belgium: Assumption Day. Hong Kong: Sino-Japanese War Victory Day. Luxembourg: Assumption Day. Aug 17 Indonesia: National Day. Aug 29 Philippines: National Heroes Day. Aug192 words
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Article804 1999-07-23 59 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem. Market movements are indi cated. The Cockett Bunker Price Index change804 words
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Article551 1999-07-23 59 Carbon 180 Mai 990.6 0.1 15.7 0.10 78 OA Jul IS Density Water Residue Ask Aluminium Sediment No above E25 0 2 2 0 0 1 380 Ave 987.3 0.3 13.7 0.07 36 0.02 bin. 380 Mai 994.9 0.8 20.8 0.M 201 0.08 m/»*3 %*ft m/m551 words
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AIR & LAND TRANSPORT NEWS
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450 1999-07-23 60 Industry resting on its laurels despite new risks in increasingly congested skies: MPs Reuters [LONDON] Britain's aviation industry hit political turbulence when MPs condemned airlines' attitude towards safety as "flawed and complacent", despite new risks in increasingly congested skies. A report from theReuters - 450 words
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Article, Illustration620 1999-07-23 60 Earnings of United, US Airways, American affected by low-fare carriers Bloomberg [CHICAGO] UAL Corp's United Airlines, AMR Corp's American Airlines and US Airways Group Inc reported lower second-quarter earnings as travellers sought cheaper fares. Trans World Airlines Inc posted a wider-than-forecast loss after labourBloomberg; FILE PHOTO - 620 words
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230 1999-07-23 60 AFP AFX-Asia [MANILA] The Philippine Civil Aeronautics Board has banned China Airlines from operating flights between Manila and Hongkong for 30 days, starting yesterday. An AFP report quoted civil aeronautics officials as saying that the ban was imposed after it wasAFP; AFX-Asia - 230 words
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Article, Illustration302 1999-07-23 60 Reuters [MONTREAL] The International Civil Aviation Organisation (ICAO) said it expects world airline passenger traffic growth to pick up through 2001 on the economic rebound in the Asia and Pacific region and "reasonably buoyant" markets in Europe and Latin America and theReuters; FILE PHOTO - 302 words
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252 1999-07-23 60 AFXAsia [KUALA LUMPUR] Two airplanes of Malaysian Airline System Bhd failed to meet the minimum fuel requirement set by UK authorities at London's Heathrow Airport between Jan 17 and Jan 31 this year, New Straits Times reported. The newspaper quotedAFX- Asia - 252 words
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340 1999-07-23 60 Bloomberg [FRANKFURT] Deutsche Lufthansa AG, Europe's secondlargest airline, said it carried 8.8 per cent more passengers in the first six months of this year as it increased the number of seats on offer, particularly to the US. The total number of passengers roseBloomberg - 340 words
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Article1900 1999-07-23 60 CffY morn cta njcwT no imtm uos S0326 0950 A4«i«M« AN8230 1850 N24S86 1605 LH787 2350 L H 6 «1 1850 SO2007 1605 NZ4587 2350 JOSS 23 SO2008 2350 ■Arm no man zm ng v* ass ImMH SOU 0709 RL044 0040 1645 SOWO 0105 $0327 07451,900 words
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Page 45 Advertisements
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Advertisement169 1999-07-23 45 Internet retailer Priceline.com takes off US company which takes bids on plane tickets and hotel rooms sees sales rise 16-fold. Page 2 *hle freight market report ha* been held over doe to pressure on space k TERMINAL MULTIPURPOSE MERAK MAS A Public Licence Granted Ist May 1999 k'- f I169 words
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Advertisement273 1999-07-23 45 UK air industry slammed for being complacent Industry resting on its laurels despite new risks in increasingly congested skies: MPs. Back Page Af NOKTRANS SHIPPING AGENCIES s a company in the NORTRANS GROUP flr involved in Offshore, Ship Management, Shipping and Shipping Agencies. NORTRANS SHIPPING AGENCIES PTE LTD The Group's273 words
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Page 46 Advertisements
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Advertisement1221 1999-07-23 46 1 NORTH AMERICA ~1 I EXPORT I I OTHER DESTINATIONS "1 SBX SUPER SHUTTLE EXPRESS DIRECT TO LA |j WEST COAST OF CENTRAL AMERICA (MARQARfTA SERVICE) wssa votl S3 mat umgkacm bmus menu okmo mwtom medcoott |f rasa vor M rr.ouniM| acajwu saniowoq comito pt mwu mmavmtum sauna am ooacMMMu1,221 words
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Advertisement662 1999-07-23 46 Lmes services represented Members ot the (!■©■•!l by Members o» the Registry o» r«i g W.l Singapore Freight Forwarders Accredited Shipping Agents. ujUs Association \°'n y Singapore Shipping Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO TO DAMPIER/FREMANTLE (MONTHLY SERVICE) MV "TBN" ETA SIN 23/08/99 BOOKINGS CALL MONKA/JUUA662 words
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Page 47 Advertisements
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Advertisement1053 1999-07-23 47 TO EUROPE FROM EUROPE rasa voy a tw im mi bv iou m ia[[ytssa vot wii ani ham hv sou fit um m HTOUM 319W 26/07 12/ M 14/08 17/ M 11/08 MX AGATE 01* 01/07 03/07 04/07 30/06 24/07 DANUBE 546W 29/07 21/ M 18/08 19/01 14/00 MftCOKAI 00K1,053 words
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Advertisement2006 1999-07-23 47 OHANJIN SHIPPING iikPl t kMy.w -Mb *****30 HAIUM SHIFTING (S) PH LTD k* //wm hap* am HOOK *****3S 737 SALIS *****74 731 OOCUMHT *****71 774 OffMIIOIIS *****50 751 tUW UN! *****55 fU ***** M <J HO *****V*****M TO NW USA B CANADA USA r ftM/MNV ■WW |M" I m halb/vov2,006 words
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Advertisement453 1999-07-23 47 rasa w_ jm_ wc6 wr six wt_ jb_ jgj_ jg Ivssa Imi sm ire Inati Trci lai I jcj (MT( KffIJHK »10S 11/07 20/07 910H 71/07 25/07 V/0J 71/07 30/07 |jQ miltfte *auur oi«_ 23/07 24/07 21/07 30/07 la oiw In/t)7l 74/07 ImiMTsitHna 027s my I HTUWVUSWWTB 027S 23/07 30/07453 words
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Page 48 Advertisements
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Advertisement1663 1999-07-23 48 DSR SENATOR LINES TO UK/CONTINENT TO MEDITERRANEANCANADA ag wy sw ia> im w hm im m gga voy tm git si* ros «.c mtw HAMJM WH.MMGTON WNMZ 1117 05 OB 06 (M 07 00 UN TO 00 11M BSR AMERICA WMKC HO7 MM 10 M 12 14 M 22 001,663 words
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Advertisement825 1999-07-23 48 MAC-NELS S PORE M'SIA r—T—n Carrier: MM CONTR LINES, KMC P. OUOANG: (07) *****28 J CW9BO»IMSBTBQ»DB 88U: (084) *****9 MANILA: (83Z) *****24 PEMANG: (04)2****** BANGKOK: (882)*****87 SURABAYA: (31)*****11 P. KELANG: (03) *****77 JKT (21) *****48 KUCHWQ (082) *****1-3 BARCELONA VANCOUVER MV "PONL LA SPEZIA" V.9512 MV "HJ KOBE" V.OBIE ETA825 words
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Advertisement605 1999-07-23 48 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO vracl S PORE N. SHEVA COL OHM P KLAUS TARPON SILVE VIOIW 21 JUL 13 AUG II AUG II AUG CAPE CANAVERAL V IHW 02 AUG II AUG 17 AUG 22 AUG TULSIDAS Vll2 M AUG 17 AUG 24 MM 21 AUG TARIPM SO VE605 words
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Page 49 Advertisements
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Advertisement1494 1999-07-23 49 [vessel vov khm hkg sin pkg pqb pxb dmm ba 1 bik IRAN TEYFOURI PCL-5111 14/07 16/07 20/07 21/07 30/07 31/07 01/08 03/08 05/08 IRAN BAAKERI PCL-5112 21/07 23/07 27/07 28/07 08/08 07/08 08/08 10/08 12/08 IRAN SHAHRYAR PCL-5113 28/07 30/07 03/08 04/08 13/08 14/08 15/08 17/08 18/08 IRAN BAABAEI1,494 words
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Advertisement1663 1999-07-23 49 SaiHaf tt Mm Milillfl fe&p Dfibovfi (Vk NM) I SINGAPORE'S GENERAL AGENTS: 80 ROIINSON RD TEL 226 1900 FAXT*****0« OUTWARD (B/L) 4205«0^ —Mi^« I COSTAt SNIPPING PTC LTD 12-00 saies/kgs *****57/ m inwaid osrr (D/oj *****85 COSTAR AGENCIES (M) SMI MD |_CRN<MW7MOOOOM SWGAPQtE 04M98 CONVENTIONAL *****50/55 T/SHPMT DEFT *****25 TIL1,663 words
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Advertisement578 1999-07-23 49 CHINA SHIPPING (GROUP) COMPANY [■■i CHINA SHIPPING CONTAINER LINES CO., LTD. 1 FAR EAST EUROPE FULL CONTAINER EXPRESS SERVICE] WESTBOUND (FIXED WEEKLY SERVICES) VSL VOY XOO fIW SHA MKO |ST»OBI I *TM HAM PXT fftN CRYSTAL 2203 12Jd LAJii lAJuL ZLhd llAug ULAug 15 Aug mXHVUQ 2203 2JJy! 21M 26J\i578 words
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Advertisement1340 1999-07-23 50 EUROPtAiKySCAWWWAVWRWLAKDmUSSU SGP RDM ANW MBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP I E DEVELOP RW-007 25/07 12*8 IS/08 14/08 16 08 17/08 18*18 E REWARD RE 034 81*7 03/07 02*7 04*7 06.07 25/07 20*7 E DECENT RW-010 31/07 19/08 25/08 21/08 23/08 24/08 25/08 E REFINE1,340 words
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Advertisement655 1999-07-23 50 r PACIFIC INTERNATIONAL UNES (PTE) LTD > I SSSISB 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I CR NO **********0 VQT rn rn m m M M at IMI «L» Si UWUAUSTUU* Sl7 11/7 »/l 14/1 11/» »/l 21/1 K| fwssa vot sm uu am hoc #d aq! pzu655 words
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Advertisement414 1999-07-23 50 J SO TELOK SIANGAN ROAD *82-0? CTHPORT CENTRE STORE MK2I TEL: *****11 (6 lines) FAX: *****05 I TLX: RS ***** Cfl NO. **********0W I VESSa VOY. ETA FTD DESTINATION IKAGURI 17/99 ?MJ7/W 2787/19 PKL BALAM I ILMAMUI 0549 27/07/99 2M7M PONTIANAK I ikaguri ism mii% nmm palembang/pkl balam ILMAMUI 06«414 words
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Advertisement447 1999-07-23 51 BSA i*. Mfe MYANMA wBBk FIVE STAR LINE (Myonmor National Line) loading for Yangon (Rangoon) VESSEL VOY SIN PKI PIN PGU SAGAING t«W SLD PAGAN 268W SID MALA TSI A AGENTS: ROUS TE AD SHIPPING AGENCIES KUL Til (03)*****00 PKL Ttl (03) *****01 PtN: m (04)*****02 PGU: Ttl (07)*****21/4 BANK447 words
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Advertisement1334 1999-07-23 51 HMNEHYUNDA^^ERCHANTJSJARINECO^TD^^^^^ vtssa voy "ST "sou" jjj 7m" ant "ham" brv ia vissa "vor sou ibi rtm ant ham brv ie si RIM 52SW 23/07 13/08 14/08 08/08 10/08 «K»a 5271 02/07 04/07 28/07 30/07 24/07 HYDUKE 319W 26/07 11/08 12/08 14/08 17/08 NOl AGATE 0131 30/06 07/07 03/07 06/07 24/071,334 words
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Advertisement1057 1999-07-23 51 IWALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA RORO HEAVYUFT SERVICE' (VKKL VOY RAMP HEIGHT SIN LAX CRi MIA SAV BAI 0» NYC NEW MM TOM AHO2 4001 MS 6JM 7TJW 25/ M «7M 08/09 10/09 11/09 13/09 17/09 U/09 TARONGA AHO3 4001ns 6.3 M 10/08 09/09 11/09 21/09 23/09 2S/091,057 words
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Advertisement775 1999-07-23 52 BANGKOK/MAP TA PHUT/LAEM CHABANG JAKARTA/PAN JANG VESSEL VOY SIN BKK MTP LOT" VESSEL VOY SIN JKT PJN MATHU BHUM 424W 24/07 28/07 27/07 GURU BHUM 138 SB In Pt 25/07 XETHA BHUM" 293N 25/07 28/07 29/07 AKA BHUM- 353S 24/07 28/07 ULA BHUM 115N 27/07 30/07 31/07 ANRO JAYAKARTA' 097775 words
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Advertisement338 1999-07-23 52 INDONESIA NATIONAL LINE TO AUSTRALIA FULL CONTAINER SERVICE va Ivorl mc aw m sn> m jjgj«j m n/vM/u x/w um 00/w is/» HOWWSIW »5 W/17 31/07 «/M U/00 It/01 H/M nm WSTWIBWBg 27S OS/0» 07/00 11/01»/M 0/0» 71/10 mivqrr liss In/ooM/ooln/00l ]77/00 l»/»|w/w|os/w FEEDER SERVICE TO INDONESIA VSI VOT sm338 words
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Advertisement744 1999-07-23 52 VESSELS I VOV IgN PKL I JED MLA LEH RTM HAM I 7** I <arrr SAUO) jfctAjAH N32W 28A77 27/07 05/08 10/08 IMB 17/08 19/06 20/08 22/08 VKJ-E DE SHANGHAI H32W (TVDB OWB IMB 18/08 2306 jjjj VME DXXVON Y32W IQTO 11/08 2VOB 3CVOB 31/08 02/08 oa« OMt VILLE DE744 words
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Advertisement48 1999-07-23 53 WALLENIUS WILHELMSEN VL Calling More Than 1500 Worldwide HUaiuim Destinations. Turn To Pg 7 Daily Find out more on Pg 13 FROTA GLOBAL INDIAN OCEAN JOINT SERVICE SHIPPING AGENCIES? To 1 L k Under hai sun hup AMAZON Pg 13 ON EVERY MON/WED/FRI Pg 12 0N EVERY MON/WED/FRI48 words
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Advertisement62 1999-07-23 55 Dial 740-6000 Oil d€lTl3n(] —(Retrieve more schedules!) Press-r Select the port and key in S the four digit code ypiv eg: To New York (NYC) 2275 Key in your fax number I jpk STBtjEnter your phone number a:» <■ f 5 AnotHifthfMwative servk» offered by document Will be Shipping TIMFS62 words
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Advertisement129 1999-07-23 56 (FOREST PRODUCTS SER VK3) (StmiCim Service For OirktmM Island Franmlr Cocoa UUnrf) tlWOft SERVKI "Abo call other wml Amtrmlia ports subject to induccrorot UW SOI KKU TMA VlSStl VOl Ji CXI FH COS lUKW STIUA V3IA 30/07 02/00 05/00 IQAWW6 rot: jaoaN/sm/nusMNG/Mnwgp 0R ,RSTIN 41S0 29/07 01/00 10/00 20/00 ■AIAYSM129 words
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Advertisement162 1999-07-23 56 I SHIPPINQ UNg I|.f 4 1 ijlijr ■IWI I 41 mI I I ICm ill I LIBYA TOMUQ MNOHAZI MISURATA TRIPOLI LuuJ Ivcsamwl yot. wo |alm I pa roaiui Imi ioi |w|is I m IPWUB Sill STKMUSTH WW 7\/V g HHM flg 12/ M IVW 14/01 17/ M lAMBI 511?162 words
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Advertisement145 1999-07-23 56 ESP LINES WEEKLY ICI AMD fCI SEiVKE mmm-wn mwn as® (MTTMOHfc MMAS UNECOC. HONG IOM6 NMMMkMfUMNi KMU< COiOMK IAKAITA. MHU MfTWHf, FBIXSKNH CMQffT* WO o>—C HOrWOW KtGum arogM wpowrun savia msajwtm stom I jn I Ig* immiyw gg gm n/v ftmiwn** h/v vjv WW I V/V H/V 31/W s auumum145 words
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Advertisement724 1999-07-23 57 SHIPPING LINF I m 72 Ar, son Road, Anson House #06-01 to 03, Spore *****1 CH NO. **********0 D TEL: *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARO) /*****10 (IMPORT STATUS) TLX: R*****0 1 53 5 6 6 CBlia/ lessica/MBi Chan/Jeslynn/Dora/lwy/Hanim 8 SLGS/WEEK [VESSEL I vqy I sm TJAK cVEHY 4 DAYS724 words
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Advertisement831 1999-07-23 57 3 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I' LIGHMiIEm/OOSZ 04/08 1 1 I I I IWlwn I w I >AV IA» I iwT HOEOH m Z 01 gj/gL. _lOZg-Jj/OL Jj/M 25/01 ?0/0| 01/09 04/ M 07/10 OS/10 #7/10 10/10 14/10 H/10 77/10 H«CHW«/g»2 23/ M W/M M/OT 04/831 words
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Advertisement622 1999-07-23 57 I rrftt Singapore Soviet Shipping CPI L\\ v amo iwowih k\Vl MultTme Shipping PI WJJJ fWhoK OwedSntebory) C« Mo tfc7S7»3OOOOC vessel vor sin I ion rm m KOTARATU RTUOSI 28/07' 04/08 TIA 14/01 REDAH 133N 03/08 11/08 TM 19/08 ROTA RURUM RRNO4S 16/08 TM 21/08 VESSa VOY MN CALCUTTA SIX622 words
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Advertisement583 1999-07-23 58 WKgfTHffffffngMSMM I VESSEL VOY SIN MAA SIN 1 TIGER ISLAND 723N 24 25/07 *****8 07 0&08 I TIGER PEARL 724N 24 2507 2904.08 09 10/08 I TIGER SEA 72SN 03-04/08 1819/08 I TIGER BAY 726N 05-06/08 10 1&08 21 22/08 I TIGER ISLAND 727N 070H08 13 19/08 23 24/08 I583 words
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Advertisement997 1999-07-23 58 JV FREIGHT LINKS EXPRESS Tel: *****11 Fax: *****77 E-mail: Besin@singnet.com.sg DIRECT CONSOLIDATION SERVICE TO ALEXANDRIA COPENHAGEN MAHE PHNOMPENH BUENOS AIRES HELSINKI MANZANILLO SAN ANTONIO CALLAO, PERU ISTANBUL MEXICO CITY SANTOS COLON, PANAMA IZMIR NHAVA SHEVA TAICHUNG PLEASE CALL OUR TOLL FREE LINE: 1800-*****66 FOR BOOKING Overseas Offices Hongkong 852-*****113 Flmfoasiaonline.n«t997 words
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Advertisement1142 1999-07-23 58 OOCL (Sinqopore) Pte lid^CF^K^peTpistrpi^ 45 O-faSIOCK Or #42-00 *****13 Bfli 513 *01-12S t M at MO **********0 M Ut 272 7827 for booking fat ******3 F«x: *****64 Fix: 272 7S2S MJ/L Orient Overseas Container Line •■fT IMokiyval Sdn Bhd *g No: *****2-U) (a /^V IfETAUNG JAYA I*o3-754 7774 Fn: 03-7541,142 words
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Page 59 Miscellaneous
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Miscellaneous132 1999-07-23 59 mtMSMMI3LIEME3KKU LEGEND R Thunderstorm Temperoture o^ V Shower Weather Wind direction with speed in knots Rotn V Cloudy Sky Wove height wm<h or< "xl'COted by arrows which «y With the wind (l) One hM circle represents colm or bght ond vonoble winds i__ One holt tleche represents 5 knots I—132 words
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Advertisement381 1999-07-23 60 BANGLADESH SHIPPING CORPORATION CHITTAGOMC INTERNATIONAL TENDER NOTICE FOR DISPOSAL OF GENERAL CARGO VESSEL M.V. -BANC.I AR ASHA" 1. Sealed quotations on °as is where is' basis are invited for sale of the general cargo vessel M.V "BANGLAK ASHA" (built 1968/Spein, DWT *****MT, LDT 4052MT) The quotation should be submitted to381 words
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