The Business Times, 18 August 1999
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1999-08-18
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The Business Times
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Title Section11 1999-08-18 1 THE BUSINESS TIMES 85c SINGAPORE Internet http://business-times.asia! com.sg/ WEDNESDAY, AUGUST 18,199911 words
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Article62 1999-08-18 1 Q 118X62 (-15.07) kJ 731.74 (-10.22) nflDfianmiEEß Ml MMO (-1.20) CJMAEKETMOOD: cEiKxti 9RXX KilKET DfDKES j Tuesday Change KLIECOMP 7IL47 -1414 NIKKEI *****.09 +J4.D6 HAND SENG 12,***** -111J2 SET INDEX 4ILS1 4J JAKARTA COMP __*exL____ MANILACOMP —2,167.11 -8117 TAIPEI WP! 8,***** +MM SEOUL OOMP ***** -1168 CLSA CHINA62 words
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Article75 1999-08-18 1 FOBEX KATES UBI 1.079 £WB»p«r£) IJOO 1686 EHBOfUSS/SS per E) 1.662 1.767 DM— LBW UB3 YW U4.7 1.464* KM-— 1800 1443 HO 7.764 1216 BAOf 38.18 1044 BUPIAH 7,726 6.922 PUHEIATES SINGAPORE* Ml KUALA LUMPUR 7J8 JAKARTA 40.00 BANGKOK. 10.01 MANILA 11.00 BONO KONG 8H TAIPH 8J7 SYDNEY 7.9675 words
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854 1999-08-18 1 Anthony Rowley - Asia likely to get special attention in joint initiative Prom. Anthony Rowley m Tokyo THE World Bank and the International Monetary Fund are embarking on an ambitious new programme to survey the state of financial markets in all their member countries, with a854 words
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Article, Illustration988 1999-08-18 1 Anna Teo - Govt did not hinder president in his job; problems arose from honest differences By* Anna Teo [SINGAPORE] At no time did the government give President Ong Teng Cheong the runaroijid or hinder him in his job. The problems the president had complained of988 words
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427 1999-08-18 1 Andrew Marks - Bnt economists think a third increase in October unlikely From, Andrew Marks in New York US consumer prices rose a tame 0.3 per cent in July in line with Wall Street forecasts, but most economists believe the numbers are not low enough to427 words
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Page 1 Advertisements
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Advertisement164 1999-08-18 1 DfSTOE r n |HH p V Hi yH I PC ales up 21% Sales of personal computers were up a robust 29.4% in Singapore for the first half of this year compared with the same period last year, says a study by International Data Corp, Pf 3 Maoey Mattel Can164 words
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Advertisement60 1999-08-18 1 Dr Hui Problems were neither fundamental nor intractable, Pg2 More reports, Pg 2 BT's Whether you are a property owner, seller or buyer, keep abreast of the market with Executive Suite BT's new six-page weekly on the Singapore property scene. Starting it will be in your BT every Thursday. Don't60 words
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Advertisement177 1999-08-18 1 CRUISES BaH V your flexible partner in property finance you're borrowing to buy or refinance lr a residential property in Singapore, Great Mk t Britain, Australia, Canada, New Zealand or USA, you'll find the most flexible m V terms at Lloyds TSB. \1 You'll also benefit from our new low,177 words
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YESTERDAY IN PARLIAMENT
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Article, Illustration1785 1999-08-18 2 Rahita Elias - No change in treatment of net investment income as current income By Rahita Elias NET investment income (Nil) of the government is and has always been regarded as current income under the Constitution and therefore not part of past reserves. Minister ofFILE PHOTO - 1,785 words
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619 1999-08-18 2 "The president said it had taken the ac-countant-general 'more than two, three years' to inform him what the government's reserves consisted of. He said that when he asked for an inventory of the physical assets, the accountant-general had responded that it would take619 words
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368 1999-08-18 2 Rahita Elias - It's commercial decision by banks to recover costs, says BGLee By] Rahita Elias THE Monetary Authority of Singapore (MAS) will not interfere with the banks' commercial decision to impose charges for services rendered, said Deputy Prime Minister Lee Hsien Loong368 words
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IN Brief
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72 1999-08-18 2 THE Civil Aviation Authority of Singapore will continue to closely monitor passenger traffic at Changi Airport and review the timing for Terminal 3, said Minister for Communications and Information Technology Yeo Cheow Tong. T3 was originally scheduled to be operational by 2004-2006. However, the72 words
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66 1999-08-18 2 FOREIGNERS are not restricted from applying for licences to become a certification authority for e-commerce, said Minister for nnmmiiniraHnt>f and Information Technology Yeo Cheow Tong. He noted that Netrust was currently the only public certification authority. A new player is in the wings. Cisco Security and66 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration463 1999-08-18 3 Raju Chellam - Asia-Pacsees highest PC shipments during same period: IDC By. Raju Chellam SALES of personal computers were up a robust 29.4 per cent in Singapore for the first half of this year compared to the same period last year, with revenues rising463 words
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722 1999-08-18 3 Mobil's assets may besoldwith BP Amoco a likely buyer Reuters THE imminent US$BO billion (*****.6 billion) Exxon Corp and Mobil Corp merger could lead to the first major shake-up of the Singapore oil and petrochemical sector in decades, industry sources andReuters - 722 words
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Article, Illustration367 1999-08-18 3 Raju Chellam - It integrates tours, hotels, car rentals, transfers bookings By: Raju Chellam BUSINESS and leisure travellers can now book their tours, hotels, car rentals and hotel transfers through what is billed as Asia's first online travel mart that integrates travel-related services of various service providers.367 words
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653 1999-08-18 4 Siow Li Sen - INSURANCE LIBERALISATION Third smallest Asia Life plans to expand in region; bigger players eye mergers By Siow Li Sen LIFE insurance executives, whether they hail from the giant AIA or one of the smallest in the sector, say opening up the industry653 words
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431 1999-08-18 4 Carol Eng - Indicated pricing $38m or $1,075 psf of lettable space By Carol Eng THE Kuok group's Allgreen Properties is selling its freehold Tanglin Place commercial property via tender for at least $38 million, or a minimum of $1,075 per sq ft of lettable area. The431 words
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Article, Illustration381 1999-08-18 4 Carol Eng - fty i Carol Eng A 32,561 sq ft plot of freehold land near Eunos MRT station is available for about $15-16 million via tender. The 16 owners at walk-up apartment Deng Fu Court, at the junction of Kampong Eunos and Sims Ave East,381 words
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Article336 1999-08-18 4 Marissa Chew - EYE ON THE ECONOMY Outlook By] Marissa Chew MERRILL Lynch has joined a string of research houses which have revised their growth forecasts for the Singapore economy upwards, predicting that it will grow 6.3 per cent this year and 5 per cent next year. Merrill had336 words
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408 1999-08-18 4 Soh Tiang Keng - It offers protection against rental loss, damage to property By I Soh Tiang Keng HOMEGROWN KIB Insurance Brokers has launched a policy that offers landlords financial protection against risks such as loss of rental and damage to property a first in Singapore. Called Landlord408 words
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119 1999-08-18 4 AMBASSADOR-at-large SR Nathan is the only one of three presidential hopefuls to qualify for a certificate of eligibility. Under the Constitution, potential candidates must satisfy certain criteria, such as having headed a government ministry, or a $100 million company. The presidential elections committee said119 words
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Article398 1999-08-18 4 Lau Tien Wing Singapore - MAILBOX Lau Tien Wing Singapore MUCH has been said about creating transparency, fairness and a level playing field for the investing public. A lot of publicity was given recently to the acquisition of JC-MPH shares by Simon Cheong, both on TV and in the press.398 words
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Page 3 Advertisements
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Advertisement8 1999-08-18 3 Oil refinery margins still underpressure in Asia, Pg2o8 words
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Advertisement83 1999-08-18 3 >► JjfcS ftwjifl 3 Wr J V S J By J <P£«P£IUAI THINKING P*OCtSS} t^..ir w I, -j(1 _3) ,n€ technology business is when the gut-wrenching Aaomotive j rs hang on deadlines, and J HnHHHHHHH|HH| e 're here to remove the gut- L vJSt s iv^v v > ,-:> VMM*83 words
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Page 4 Advertisements
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Page 5 Advertisements
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ASIA ON THE MEND
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617 1999-08-18 6 It recommends focusing on the big caps, especially MSCI stocks Bernama [KUALA LUMPUR] International economic analyst Merrill Lynch views Malaysia's inclusion in the Morgan Stanley Capital International (MSCI) Emerging Markets Free index as very positive and expects the market to rerateBernama - 617 words
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328 1999-08-18 6 Reuters, AFP [KUALA LUMPUR] Malaysia's economy was expected to grow faster than the officially predicted one per cent in calendar 1999, Deputy Prime Minister Abdullah Ahmad Badawi said yesterday. But he said the government was sticking to its forecast. "Signs are showing thatReuters,; AFP - 328 words
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Article, Illustration720 1999-08-18 6 Some positive signals bat no revival in private demand Bloomberg, AFP [TOKYO] Japan's economy shows no clear sign of recovery from the longest recession in 50 years, the Bank of Japan said, suggesting interest rates will be kept near zero forBloomberg,; AFP - 720 words
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Page 6 Advertisements
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Advertisement880 1999-08-18 6 NORTHERN TRUST CORPORATION The Northern Trust Company Headquarters: 50 South LaSalle Street, Chicago, Illinois Am Decmmbf 31 Forth* Yamr »ndmd Dtxmbf 31 (US$ in Millions) 1998 1997 (USS m Millions Excpt Per Share Information) 1998 1997 ASSETS NONINTEREST INCOME Cash and Due from Banks $2,388.0 1,738.9 Trust Fees 818 3880 words
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THE REGION
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Article, Illustration629 1999-08-18 7 REGIONAL SAME WOES Allegations of reckless lending also weigh on stock market and may delay elections Reuters, AFP [BANGKOK] Bad debt problems at a state-run bank have embarrassed the government of Thai Prime Minister Chuan Leekpai and depressed sentiment in the Thai stockReuters,; AFP - 629 words
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249 1999-08-18 7 KUALA LUMPUR AFP MALAYSIAN bank employees yesterday raised fears about their future following the government's forced merger of the country's financial institutions. "The National Union of Bank Employees (NUBE) is very much concerned over the recent announcement by Bank Negara to 'force'AFP - 249 words
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166 1999-08-18 7 MANILA Reuters A RISE in Philippine imports in June to an 18-month high signals the economy has bottomed out and is on the path to sustainable growth, economists said yesterday. The National Statistics Office said imports were U552.67 billion (554.5 billion) in June againstReuters - 166 words
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424 1999-08-18 7 JAKARTA Three IBRA officials to appear as witnesses AFP INDONESIAN police will question a former director of Bank Bali as a suspect in a scandal involving an US$BO million (Ssl34 million) dollar commission payment, the official Antara news agency said yesterday. National police spokesman TogarAFP - 424 words
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Article, Illustration466 1999-08-18 8 TAIPEI Beying questions timing of announcement by US bank's index services provider UNITED States investment bank Morgan Stanley Dean Witter has angered Beijing after its index services provider announced it will increase Taiwan's weighting, sending the island's dollar and stock pricesSource: Bloomberg - 466 words
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270 1999-08-18 8 HONGKONG Moody's says reform will widen disparity of credit risks among Chinese banks Reuters MOODY'S Investors Service, in its annual report on Chinese banks, says that "serious reform of the Chinese banking system has finally begun in earnest, but that structural impediments remain deeply entrenched".Reuters - 270 words
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Article, Illustration732 1999-08-18 8 Yang Razali Kassim - Be needs their help even more In the coming polls iOANTDW By Yang Razali Kassim TODAY, Malaysian Prime Minister Mahathir Mohamad begins his official visit to China, hoping to bring back some political dividends. The trip may be meant to celebrate 25 years of732 words
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592 1999-08-18 9 Meera Tharmaratnam - High entry costs likely to deter small players; eyes on TYB, Hongkong's No 1 TV company Frrrm Meera Tharmaratnam in Hongkong THE Hongkong government has invited applications for new satellite broadcasting licences to boost competition in the industry, in a592 words
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Article, Illustration347 1999-08-18 9 Quak Hiang Whai - From< Quak Hiang Whai in Hongkong HONGKONG'S unemployment situation continued to show signs of improvement as the jobless rate fell farther to 6 per cent for the May to July period, down from 6.1 per cent in April to June. While governmentAFP - 347 words
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156 1999-08-18 9 "BEIJING Reuters CHINA has discovered that 117.4 billion yuan (5523.6 billion) of state funds were misused in the first half of this year, the People's Daily reported yesterday. Auditors found more than 3 billion yuan meant for water conservancy had been divertedReuters - 156 words
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109 1999-08-18 9 WELLINGTON Bloomberg NEW Zealand's government is taking legal action against International Business Machines Corp for damages after it quit a contract to upgrade the police department's computer system. "IBM walked away from a legally binding contract. That is not what theBloomberg - 109 words
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Advertisement320 1999-08-18 8 *5 THE ASIA BUSINESS FORECAST 1999 [Brought to you by Strategic Intelligence. 1 The best connected intellectual force in Asian business. J 26 August Shangri-La Hotel, Singapore Examine the future with the most They include: influential economic, political and Jtb Prof Pau Krugman business minds in Asia. jZh Ford International320 words
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Page 9 Advertisements
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Advertisement90 1999-08-18 9 C€>ME www.you-can-do-more.com ,sg j'j [t] #111| fZ| fZ j llWSll You already know our classic the spark plug. But your we the new Bosch GSM 909 Dual phone. Measuring x mm x one the multi-band phones in the world. To make mobility even comfortable, there's an integrated for easy data90 words
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Page 10 Advertisements
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Advertisement242 1999-08-18 10 GSM 900 incorporates new T9 technology making text communication simpler and quicker. I Smart people know that talking on the phone is not always the best way to communicate. Sometimes it may not be convenient to talk and this is where short message service (SMS) can solve the problem. The242 words
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REGION/WORLD
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667 1999-08-18 11 LONDON Investors steering clear of risk, there's a preference for liquidity: economist Reuters A SLEW of financial market distortions and anomalies in recent weeks have at last provided hard evidence that international investors are moving to price in the risks surrounding theReuters - 667 words
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240 1999-08-18 11 BRUSSELS Bloomberg COCA-COLA Co, the world's biggest beverage company, failed to provide a credible explanation for the June outbreak of illnesses among hundreds of consumers who drank beverages from Coke plants in Brussels and France, the European Commission said. Coca-Cola's different explanationsBloomberg - 240 words
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WORLD Watch
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Article97 1999-08-18 11 Reuters [WASHINGTON] A searing heat wave and a resurgent manufacturing sector helped drive US industrial output up during July at the fastest rate this year, the Federal Reserve said yesterday. Total industrial production by the nation's factories, mines and utilities increased 0.7 per centReuters - 97 words
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65 1999-08-18 11 Reuters [LONDON] Britain could lose billions of pounds if fresh sabotage by environmental activists forces trials of genetically modified (GM) crops to shift overseas, the government said yesterday. The plea for profits came in response to a warning by a key player inReuters - 65 words
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84 1999-08-18 11 AFP [ISTANBUL] More than 700 people were killed and thousands injured in a powerful earthquake that struck Turkey's western and central provinces in the early hours yesterday, Turkish state television TRT reported. The tremor, measuring 6.7 on the open-ended Richter scale, struck at 3.02AFP - 84 words
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Article390 1999-08-18 11 LONDON Review into possible mis-selling of top-up pensions launched Reuters BRITISH pension and life insurance providers were yesterday faced with fresh charges of up to £241 million (*****.9 million) after the industry watchdog launched a review into the possible misselling of "top-up" pensions. The FinancialReuters - 390 words
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Article, Illustration72 1999-08-18 11 [BINY AMINA, Israel] Golan Tishbi tastes his family's wines at the end of thefirst morning of the annual harvest in his family's Tishbi Winery vineyards. Although winemaking in the Holy Land dates back to biblical times, and more recently to a 19th century revival, it is onlyREUTERS - 72 words
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329 1999-08-18 11 NEWYORK Move comes after power struggle over control of CNNfn NYT TOP executives at CNN dismissed David Bohrman as executive vice president of the financial news network CNNfn and had him escorted out the door of CNNfn's headquarters in Manhattan on Monday,NYT - 329 words
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Article, Illustration595 1999-08-18 11 KOREAN CORPORATE RESTRUCTURING Other suits could follow, may hamper restructuring efforts Bloomberg [HONGKONG] Natexis Banques Populaires, France's No 5 bank, sued a Daewoo Group unit to recover US$lO million (Ssl7 million) of debt, a move that could spark other claimsBloomberg; AFP - 595 words
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227 1999-08-18 11 SEOUL AFP SOUTH Korea is moving to break up the country's powerful family-owned conglomerates through planned tax reforms which aim to limit the influence of their owners, reports said yesterday. The government decided on Monday on new tax measures which would makeAFP - 227 words
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215 1999-08-18 11 SEOUL Bloomberg KOREA Telecom Corp said first-half earnings fell by almost half as South Korea's largest phone company paid off 3,800 employees in a gov-ernment-mandated drive to boost efficiency. Korea Telecom earned a net 105.7 billion won (*****.9 million) or 362 won perBloomberg - 215 words
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EDITORIAL & OPINION
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Article, Illustration763 1999-08-18 12 Leon Hadar - 188 BOTTOM ÜBB OPINION By Leon Hadar The writer is BT's Washington correspondent THERE are increasing signs that China and the United States have entered into a dangerous period of "diplomatic fog" in which both sides are sending confusing signals and are having763 words
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Article117 1999-08-18 12 'For people with an ideology that is apocalyptic, the struggle between good and evil is approaching.' Chip Ber let the president of Political Research Associates, a company that tracks extremist US groups, on the impact of the approaching millennium on these groups. The British were in Egypt.117 words
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630 1999-08-18 12 EDITORIAL 11 does not really matter why Russian President Boris Yeltsin decided to sack his prime minister, Sergei Stepashin, after just 82 days. Or why he settled on Vladimir Putin, a former KGB spy, as his successor. The real issue is: Will Russia get some630 words
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Article, Illustration1541 1999-08-18 12 John Plender - Bond markets are under stress, some traders may be in trouble and weak US$ poses dangers By, John Plender FT FOR the third year in succession, August is proving to be a month of extreme financial turbulence. The US equity and bond markets have been nervous.FT - 1,541 words
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Article, Illustration851 1999-08-18 12 The South African ooodltloo OF ALL societies, South Africa cannot be separated from its past. Not long ago, it was a country where people were tortured and murdered because of their politics. A country where, because of their race, husbands were systematically separated from their wives.851 words
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EXECUTIVE LIFESTYLE
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Article, Illustration481 1999-08-18 13 Patricia Reaney - HEALTH Smokers 4 times more likely to have a stroke, says NZ study By\ Patricia Reaney Reuters [LONDON] Exposure to passive smoking can increase a non-smoker's risk of having a stroke by up to 82 per cent, according to new research released yesterday. The NewReuters - 481 words
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Page 13 Advertisements
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Advertisement179 1999-08-18 13 Where to wine, dine and HBsss Enjoy BIG discounts off house-pouring drinks and been, with tasty snacks. Catch our talented (3 local duo, who will f serenade you with M f popular love songs dW \> T of today and yesteryear u»«»u«t. as well as great country v i **APPT179 words
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Advertisement163 1999-08-18 13 High Tea, a never ending spread of familiar favourites, 1 is offered to all at the St. Gregory's Brasserie. Senior citizens are given special priority with a discounted price of 310 nett per person (Monday to Friday). High lea daily from 3pm to spm #17 per adult #10 nett per163 words
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Page 13 Miscellaneous
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Miscellaneous945 1999-08-18 13 CRYPTIC CROSSWORD before the end of the day 26 More than a couple of lines on the smock (7) tion (7) x tginwHAVH SOLUTION 27 Something else to attend to in Friend tidies messy attic first |B|e|d| i |t| i |olNMTTTlii|B|g|R| the chip shop? (5,4,23) according to plan (14) tMeMiMvBBW»MaW^945 words
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FOCUS: MONEY MATTERS
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Article, Illustration1082 1999-08-18 14 Larry Wee - If euro breaches crucial 120 yen level, US dollar may again test 113 yen; meanwhile stock market moves continue to dictate action ly Larry Wee STOCK market action continued to call the tune over the last week, both for the US dollar asSource: Bridge; Source: Hypovereinsbank - 1,082 words
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699 1999-08-18 14 Eden Wong - Avoid Thai, Korean issues and go for top Chinese, Hongkong corporates Byl Eden Wong The writer is associate director, credit research, at Barclays Capital in Hongkong ASIAN bonds have experienced a rough ride over the last two months, but we continue699 words
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Advertisement393 1999-08-18 14 Chart of interest rates: US Dollar Base Premium Deposit J Alternate Currency Interest Rate* Australian Dollar 18% p.a. Euro 14% p.a. 110 tft Japanese Yen 11%p.a. p British Pound 11% p.a. gm A q Canadian Dollar 10% p.a. 8 m Cl If you're looking for a foreign currency deposit that393 words
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COMPANIES & MARKETS
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Article, Illustration450 1999-08-18 15 Wong Wei Kong - This should allay market fears over MSCI index rejig By Wong Wei Kong [SINGAPORE] Confirming what some analysts have been saying since last week, Morgan Stanley Capital International (MSCI) said yesterday that Singapore's weight- ing in its widely followed stockFILE PHOTO - 450 words
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Article133 1999-08-18 15 As of yesterday, 58 SES-listed companies had released their financial results for the six months ended June 30,1999. They recorded a combined $2,491.8m in group profits, up 69.0% over the same period last year. Excluding the sovon foreign companies listed on the local bourse, the increase was 97.4%133 words
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220 1999-08-18 15 [SINGAPORE] A heartening performance by QAF's supermarkets and bakeries drove the food group's interim net earnings up 20 per cent to $6.4 million. The company, which is behind household name Gardenia, reported a rise in turnover of 21 per cent to $229.1220 words
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274 1999-08-18 15 [SINGAPORE] Tanker owner and operator Ming Wah Universal (Bermuda) yesterday reported a scant 2.3 per cent rise in net earnings to US$6.5 million (Ssll million) at halftime despite a 38 per cent surge in turnover. Higher interest on borrowings and depreciation and amortisation wiped274 words
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628 1999-08-18 15 Lee Han Shih - HOCK LOCK SIEW Lee Han Shih LOOKING at the latest results of United Overseas Land, it is hard to tell that a substantial part of the company's fortune rides on a property project called Novena Square. UOL, the listed property arm of United628 words
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448 1999-08-18 15 Jennifer Lien - Firm expects to sustain profits in H2 as region recovers By, Jennifer Lien SINGAPORE Computer Systems Ltd (SCS), formerly known as ST Computer, yesterday posted a 14 per cent rise in interim net profit to $6.1 million. This compares with a 48 per448 words
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COMPANIES
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586 1999-08-18 16 Ruth Wong - Mobikom's sharper losses, foreign associates' lower contributions cited Prom Ruth Wong in Kuala Lumpur MALAYSIA'S biggest phone company Telekom Malaysia Bhd yesterday reported a wider than expected 24.7 per cent plunge in group profit to 555.4 million Malaysian ringgit (***** million)586 words
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283 1999-08-18 16 [KUALA LUMPUR] Telekom Malaysia expects to submit, together with United Engineers Malaysia, a prospectus to the relevant authorities by end-August, while the offer to Clob holders will be made by year-end. At a press conference on Telekom's interim results yesterday, chief executive Mohamed283 words
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192 1999-08-18 16 [SINGAPORE] Sesdaq-bound International Press Soft Com (IPS), formerly known as International Press Company, said it had divested its entire 27 per cent shareholding in Panpac Media.com to its holding company International Press Holdings (IPH) on Aug 10 as part of its restructuring.192 words
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Article, Illustration539 1999-08-18 16 Marissa Chew - Move expected to doable company's turnover in 2 years By. Marissa Chew [SINGAPORE] Hongkongbased Sunway International will expand into producing communications products and expects its turnover to double in two years on contributions from this business. Sunway, which is seeking a dual listingCHRIS LOH - 539 words
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Article, Illustration619 1999-08-18 16 Wong Wei Kong - msnxE VIEW Purchase and disposal values about equal at $8.4 m ity Wong Wei Kong WITH the interim corporate reporting season underway, the number of insiders' transactions fell further last week, dipping to 47 from the previous week's 53. The Primark Director Sentiment619 words
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187 1999-08-18 16 Reuters [HONGKONG] Pacific Century Cyberworks will pay US$7 million (Ssl2 million) cash for a 20 per cent stake in Outblaze, a developer of Internet portal applications. Outblaze will issue new shares representing 20 per cent of its enlarged share capital to a companyReuters - 187 words
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Article252 1999-08-18 16 [MANILA] Sagging revenues and surging operating expenses dragged down the interim earnings of Philippines Long Distance Telephone (PLDT), the listed telecoms unit of Hongkong's giant First Pacific Co. PLDT said yesterday that after-tax profit for the first half ended June 30 fell a hefty 64 per252 words
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Article275 1999-08-18 16 Al Labita - From, Al Labita in Manila AYALA Group's Singapore subsidiary is buying into Hongkong-listed Asia Standard to cash in on the territory's buoyant property market, an official said on Monday. Ayala spokeswoman Aida Mendoza said the purchase, costing HK$4O million (SsB.6 million), is being made275 words
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COMPANY Briefs
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77 1999-08-18 16 [KUALA LUMPUR] Tony Tiah Thee Kian has disposed of 6.783 million shares in TA Enterprise, the parent of TA Securities which is the largest brokerage in Malaysia. Hie divestment was made in the open market last month. Mr Tiah still owns 443.1 million shares77 words
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49 1999-08-18 16 Bernama [KUALA LUMPUR] Public Finance Bhd has reported a big jump in pre-tax operating profit of 60 million Malaysian ringgit (SS26 million) for the six months ended June 30, from RM9.9 million previously. Turnover was down 10 per cent to RM549 million. BernamaBernama - 49 words
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Article89 1999-08-18 16 Bernama [KUALA LUMPUR] Ban Hin Lee Bank has recorded a 22 per cent drop in group operating pre-tax profit, minority interest and after interest on borrowings, depreciation and amortisation to 26.87 million Malaysian ringgit (5911.8 million) for the six months ended June 30.Bernama - 89 words
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REGIONAL COMPANIES
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Article, Illustration520 1999-08-18 17 It will sell or shatter reinsurance arm; SAP slashes rating by two notches Reuters Bloomberg, [MELBOURNE] Shares in GIO Australia Holdings Ltd, which in January fended off the nation's biggest hostile takeover bid, plunged a quarter after the insurer on Monday reportedReuters; Bloomberg,; AFP - 520 words
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292 1999-08-18 17 Move will up value of Aussie firm's planned IPO by 30% Bloomberg [SYDNEY] Vodafone Airtouch Pic, the world's largest provider of wireless-phone services, will combine its New Zealand and Australian operations, increasing the value of the Sydney-based unit's planned share sale byBloomberg - 292 words
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COMPANY Briefs
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Article92 1999-08-18 17 Bloomberg [TOKYOJ Sony Corp and Nintendo cut the US prices of their home video-game players to below US$lOO (Ssl67) in a move to boost sales before Sega Enterprises introduces its new Dreamcast system in the US on Sept 9. Sony Computer Entertainment America saidBloomberg - 92 words
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Article57 1999-08-18 17 AFP [TAIPEI] Taiwan's Eva Airways yesterday said it posted a pre-tax profit of NT$277 million (5514.5 million) in the six months to June, compared to a loss of some NT$5OO million in the same period last year. Revenue grew 11.5 per cent to NT522.42 billionAFP - 57 words
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66 1999-08-18 17 Bloomberg [RIO DE JANEIRO] Microsoft Corp will pay US$l26 million (*****.4 million) for a stake in Globo Cabo, the No 1 pay-TV operator in Brazil, CNBC television network said. Globo Cabo, which has almost a million subscribers, sold an 11 per cent stake to fundBloomberg - 66 words
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Article72 1999-08-18 17 LAT-WP [NEW YORK] Toys R Us Inc said on Monday that its second-quarter profit fell 14 per cent, mainly because It has increased spending on its online store to meet competition from Internet toy retailers. The nation's No 2 toy merchant also announcedLAT-WP - 72 words
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314 1999-08-18 17 It closes 17% above institutional offer, 35% ahead of retail Bloomberg [SYDNEY] Australian investors maintained their enthusiasm for telecom stocks yesterday as Hutchison Whampoa's local telco offshoot listed at a healthy premium and Vodafone Airtouch prepared for a likely float next year. HutchisonBloomberg - 314 words
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INTERNATIONAL COMPANIES
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395 1999-08-18 18 Investor bays £680,000 of contracts to protect £750 m shares against 29% fall Reuters [LONDON] The London options market on Monday was the setting for a huge insurance policy by a mystery investor worried that Britain's FTSEIOO Index may be on the vergeReuters - 395 words
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Article274 1999-08-18 18 Bloomberg [FRANKFURT] Dresdner Kleinwort Benson, the investment banking arm of Dresdner Bank, Germany's third-largest bank, said firsthalf profit almost tripled on trading income, giving a push to expansion plans in the US. Pre-tax profit rose 170 per cent to 700 million euros ($1.2 billion) in theBloomberg - 274 words
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Article, Illustration496 1999-08-18 18 Move seen as signalling new round of negotiations FT, AFP [PARIS] French regulators have postponed until next week publishing a decision on whether Banque Nationale de Paris should be allowed to become the dominant shareholder in rival Societe Generale. The decision wasFT, AFP - 496 words
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320 1999-08-18 18 It takes on Deutsche Bank in battle for 30b mark network Bloomberg [FRANKFURT] Dresdner Bank, Germany's third biggest bank, plans to form a group of investors to bid for Deutsche Telekom's cable units, raising the stakes in the battle for controlBloomberg - 320 words
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Article, Illustration603 1999-08-18 19 Revenue growth expected to hit 11-13% in Q4, say officials NYT [SAN FRANCISCO] For the fourth consecutive quarter, Hewlett-Packard Co has reported earnings that exceeded Wall Street analysts' estimates. Hewlett-Packard officials who announced the figures on Monday also predicted the company wouldNYT - 603 words
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277 1999-08-18 19 Shortages emerging in some markets, says distributor Bloomberg [SCOTTS VALLEY, California] Shares of Seagate Technology Inc, the No 1 maker of computer disk-drives, and its competitors rose after a parts distributor said shortages are appearing in some markets. Seagate rose 1 7/16 toBloomberg - 277 words
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406 1999-08-18 19 NYT [NEW YORK] The 10-day partial outage of MCI Worldcorn's high-speed data network took a cataclysmic toll on dozens and possibly hundreds of small Internet service providers who were forced to shut down last week. Some say they may go out ofNYT - 406 words
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FINANCE & COMMODITIES
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242 1999-08-18 20 Bloomberg [SAN FRANCISCO] UnionBanCal Corp will cut about 1,400 jobs, or 15 per cent of its staff, to boost pre-tax earnings by a third. San Francisco-based UnionßanCal, which is 64 per cent owned by Bank of TokyoMitsubishi Ltd, Japan's biggestBloomberg - 242 words
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Article, Illustration592 1999-08-18 20 Bnt SEC filing gives no specifics on type of fixed income investments made Bloomberg (WASHINGTON) Investor Warren Buffett put almost US$lO billion (5516.7 billion) in cash to work during the second quarter, and reported an increase in bond holdings of almost that much.Bloomberg; FILE PHOTO - 592 words
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443 1999-08-18 20 Deal marks Virginia insurer's first international boy Bloomberg [GLENN ALLEN, Virginia] Markel Corp, the biggest Vir-ginia-based property-and-ca-sualty insurer, said it will make its first international purchase, buying Terra Nova (Bermuda) Holdings Ltd for US$l.OB billion (SSI.B billion). Markel will pay 2.9 million sharesBloomberg - 443 words
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280 1999-08-18 20 Brian Gomez - From Brian Gomez in Sydney OIL refinery profit margins have improved in Europe over the past fortnight, but Asian refiners are still experiencing tough conditions, according to the Australian Financial Review. The paper said on Monday that refiner margins were reduced when280 words
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243 1999-08-18 21 Daphne Tay, Jardine Fleming - STUffrnr Reports MSCI Singapore Index Daphne Tay, Jardine Fleming INVESTORS kept a low profile on the Singapore bourse yesterday ahead of the release of US July Consumer Price Index data due out later last night for signs of inflation and direction243 words
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199 1999-08-18 21 Cecilia Woo Refco Singapore - HSCX Taiwan fatores Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures dipped 3.2 points for both the August and September contracts yesterday, breaking the uptrend which started four trading days ago last Thursday. The hype over MSCI's announcement of full199 words
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262 1999-08-18 21 ENERGY REPORT Reuters [SINGAPORE] Crude oil prices in Asia eased yesterday on speculative selling, but stayed within sight of 22month highs as producer output cuts provided fundamental support. September US light crude futures on the electronic New York Mercantile Exchange (Nymex) Access system in AsiaReuters - 262 words
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Article331 1999-08-18 21 AFP, Reuters London THE euro took a beating yesterday, sagging to life lows against the broadly bullish yen and then extending losses against the US dollar as tame US inflation data revived confidence in US asset markets. The dollar was also on the defensive against the yen, butAFP,; Reuters - 331 words
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Article, Illustration1119 1999-08-18 21 WTERBAMK CROSS RATES 1 Aug 17 C$ R b SB 0« HK$ Ind Rt Bupiah Yen Won M *2$ Ptk 8s Hv> S$ Bind Sfr MT$ Hit Pwwd US$ 0 967 6178 4-0 3 5.051 28.267 51.629 0.747 7.856 2.473 1.227 33.*****.663 1 087 3 953 0 985 20 6961,119 words
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Article1820 1999-08-18 21 SICOM FUTURES A ugl7 RUBBER (Mures closing *s at 5 JOpm) RSS1 CONTRACTUS CMts/kg) Clos« Volume Open Low Sett (tonnes) Interest S«p99 njii 1200 Oct 99 94.75 94.75 95.25 100 200 Nov 99 96.75 300 99 98.50 300 J»/M«r 00 102.00 300 Apr/Jun 00 105.50 J*rt/Sep 00 108.50 RSS 31,820 words
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Article, Illustration1510 1999-08-18 22 Reuters Q Hang Seng -111.62 HONGKONG share prices closed 0.9 per cent lower yesterday due to a lack of incentives and apprehension before the release of US and Hongkong economic data, dealers said. The Hang Seng Index lost 111.62 points to close at 12,783.16-on turnover of HK$4.4 billion. AlexReuters - 1,510 words
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Article, Illustration549 1999-08-18 22 n Shenzhen B Index +L 33 SHENZHEN'S B shares ended stronger yesterday in a technical rebound following recent heavy losses. The B Share Index rose 1.33 points, or 1.52 per cent, to 88.72 as turnover expanded to HK$47 million from HK$39 million on Monday. "B shares seem to haveSource: Credit Lyonnsis Securities(Asia) Ltd - 549 words
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Article322 1999-08-18 22 AFP □WPlndex +64J6 TAIWAN shares closed 0.8 per cent higher yesterday amid continuing positive sentiment after Morgan Stanley Capital International raised the weighting of Taiwan shares last week, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 64.96 points to 8,083.43. Turnover was NT5164.1 billion compared to NT5168.3AFP - 322 words
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Article2194 1999-08-18 22 LONDON Industrials hMUd 31 Group B_32 0.03 Abbey National 10.54 0.06 A B foods 4.30 0.22 A B Ports 3 JO 0.12 AstraZeneca 23.26 0.25 Alliance I Leicester 8.18 0.03 Allied Oomecq 5.49 -0.06 AMed Zurich. 7 JO -0.01 Anglo American GoM 43.70 unch ASOA Group 22,194 words
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Article1646 1999-08-18 22 AFP □Nikkei 225 +34-06 SHARE prices in Tokyo edged up 0.2 per cent yesterday for the seventh straight daily gain as investors continued to buy high-tech and export-led blue chips, brokers said. The Nikkei Average of 225 leading issues gained 34.06 points to close at 17,860.09 following a 2.2AFP - 1,646 words
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KUALA LUMPUR STOCK MARKET
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Article7347 1999-08-18 23 INDUSTRIALS pcoAicts L Vo4 Day N.t c.p J!** Low Comply SH. ooo High Law P/t $mll 440 255 Ajinomoto 310 19.7 125.6 74 Anghau 9ft .5 K)7 IQ3 97 1445 22 *pollo food Hlg 310 unch 3 310 310 10.8 124.0 to L loa JE 5 282 192 182 6.97,347 words
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Article, Illustration411 1999-08-18 23 AFP fl Composite Index -HL94 MALAYSIAN share prices closed down 2 per cent yesterday on continued profit-taking as most investors remained sidelined after last week's sharp rises, dealers said. The Kuala Lumpur Stock Exchange Composite Index lost 14.94 points to close at 751.47. TheAFP - 411 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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207 1999-08-18 24 R Sivanithv - WARRANT WATCH -By R Sivanithv WE'VE said it before in this column but it bears saying again the Malaysian market has shown itself to be extremely progressive when it comes to the issue of how to deal with warrants which are about to207 words
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Article2029 1999-08-18 24 BOMDS. LOANS ft WARRANTS LMl Wo) Day LdtOwt* Avq L Stno Company S«l (OOOl Mkjh Law Buyar SaNar Prica 104 3 I 3160 A Acar W0)0731 USS 40 -4 134 44 39 39 5 40 80 4.5 s 3164 Acma ******4 20 -2 85 30 28 27 29 31 592,029 words
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Article217 1999-08-18 24 HONOKONO STOCKS i* 1 v L*t Ouot. Wv Ov YM NM M Can >tn COTPMI S*W COOP) Mjg L— Buyf S—f Cw P/t itn* 365 173 5123 C0U2000>HK 2773 265 2773 8 17 2.9 9.4 5490.2 5124 May P*C 20c HK_720 Cd 265 2.1 T.4 6 ***** 4217 words
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Article, Illustration898 1999-08-18 24 AFP P SET Index -6JJ THAI shares closed 1.6 per cent lower yesterday but off their lows on bargain-hunt-ing in banks, analysts said. The benchmark Stock Exchange of Thailand (SET) Index shed 6.8 points to end the day at 411.31, off a low of 403.65. The select SET 50AFP - 898 words
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Article327 1999-08-18 24 AFP □Manila -88J7 PHILIPPINE share prices fell 4 per cent yesterday due to concerns over the political conflict between President Joseph Estrada and his critics. The Philippine Stock Exchange Composite Index fell 88.17 points to close at 2,087.13 points. Volume rose slightly to 1.4 billion shares worth 2.5 billionAFP - 327 words
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Article397 1999-08-18 24 AFP D Composite Index -3158 SOUTH Korean share prices plunged 3.7 per cent yesterday on heavy profit-taking by investment trust funds amid rising concerns over redemptions of beneficiary certificates, dealers said. The Korea Stock Exchange Index lost 33.58 points to close at 873.70. Volume was 268.6 million shares worthAFP - 397 words
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Article631 1999-08-18 24 AFP QAH Ordinaries -29J AUSTRALIAN share prices fell one per cent yesterday as volatile and nervous local trading wiped out Monday's gains, brokers said. The Australian Stock Exchange's key All Ordinaries Index lost 29.9 points to 2,988.0. Turnover totalled 396.8 million shares worth A 51.13 billion. The All IndustrialsAFP - 631 words
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Article281 1999-08-18 24 AFP n Wellington *LB4 NEW Zealand stocks closed up 0.1 per cent yesterday after a generally well-received June-quarter result from the market's leading Telecom stock, analysts said. The NZSE-40 Capital Index was up 1.84 points to 2,188.39 on turnover worth NZ593.7 million.—AFP US *h 000) AdvantaqaHOS __2.53 0 02AFP - 281 words
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7168 1999-08-18 25 MLM? 2 t*' 1 V* Day L«»« Ouwta ON Dtv VM Net Cap A»q H*** U« StNo Comply Sala COOP) Hl» Law Bwyar Sallar C'vr H p/l SmM Prlca MULTI-INDUSTRY '5? 17.5 m b 1000 Acma 50c 119 6 106 123 114 118 1197,168 words
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Article1343 1999-08-18 25 Or Or MIR WHfc L— 6tH» C.iwpny HH COW ft? W <SSf PrtS MANUFACTURIM ?9 c ?2f 9 ASA«4oK>c 169 -8 ]U 171 Itr 169 178 ION OA 193 171 137 43 C 2051 ASJ HMqs 20c_ 00 -2.5 5 80 80 75 82 3 8 10 9 01,343 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration625 1999-08-18 26 R Sivanithy - STOCK MARKET COMMENTARY Low volume seen as good sign; observers seem to have written off this quarter but appear upbeat about last quarter of '99 By R Sivanithy THE lethargy which has plagued the local stock market ever since US625 words
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ON THE GRAPEVINE
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Article88 1999-08-18 26 SECURITIES analysts who somehow feel they are being left out of the loop with United Overseas Bank may like to try contacting the bank's first vice-president Heng Cher Joo.of Investor Relations. Mr Heng has corrected the impression given by some analysts who phoned BT suggesting that88 words
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Article114 1999-08-18 26 FOR those looking to earning a higher interest rate on their CPF savings, OCBC is offering 2.625 per cent for CPF fixed deposits of between one and 6 months and 2.75 per cent for between 7 and 12 months. The CPF is currently paying 2.5114 words
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Article152 1999-08-18 26 A RECENT survey has found that competition is not what takes up most of top management's time but risk assessment and controlling costs. Concern over competition was only sixth on the list and came after concerns on information systems, long-term strategy and training, a survey commissioned152 words
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Article75 1999-08-18 26 A LOCAL public relations firm, Spark Tech Communications, sent us an Invite for a press conference with an aspirin tablet enclosed in a glass chamber with a message: "In case of emergency, break glass" written on it. Ergo, If it's not an emergency, Instead of breaking the glass,75 words
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Article, Illustration63 1999-08-18 26 Wong Wei Kong - -By Wong Wei Kong ST Engineering shares rose 5 cents to $1.93 yesterday on a volume of 3.73 million shares, compared with its 10-day traded average of 3.43 million units. The RSI. Stochastics and MACD charts show that there is still room for the stock to firm further.63 words
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Page 15 Advertisements
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Advertisement159 1999-08-18 15 kasco Avv? A*V »«V The Driuer that giues you Pro Distance KASCO's design technology has further polished its US series clubs performance by achieving a bigger sweet area in the all-new KASCO US FORCE to bring about further prominent carry, smooth hitting and directional f sup th hyr t control.159 words
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Page 16 Advertisements
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Advertisement252 1999-08-18 16 A Call For Submission Of Company Financials To be ranked in the Singapore 1000 1999/2000 Millennium Edition, your company must satisfy the following conditions:O Registered with the Registry of Companies nD Businesses (RCB) as a Limited or Private Limited I Information Company; Network, Publisher Conducted at least 2 full years252 words
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Page 17 Advertisements
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Advertisement154 1999-08-18 17 For c start, the new Sora isn't just any car. It's a Volkswagen. Which would explain why the Bora is in a league of its own. But more than that, ii's one of the best built Volkswagen ever. And while its build-quality is incomparable, you'll also find its comfort most154 words
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Advertisement358 1999-08-18 18 These days, you'd hardly find a press ad. television commercial, direct mail or name card without a website address. It's almost as if websites have replaced the golden numbers of mobile phones prestige-wise. And as much as it's an image thing, it's also a corporate myth that having a website358 words
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Advertisement250 1999-08-18 18 Loved ones abroad? 4 news The Straits Times (Weekly provides a crisp summary of The Straits Times coverage happenings Singapore and one studying/working overseas, send them 'Home' y J' August being the month of Singapore's independence celebration, we are giving away 4 issues of the weekly newspaper free. Yes! Simply250 words
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Page 19 Advertisements
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Advertisement11 1999-08-18 19 TODAY©***-*#. I 1 Manhft lawhan mi p 1 mm IBM ttttmnn11 words
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Advertisement104 1999-08-18 19 PPCC RPCAKEACT Weoctuallymeasuredourrooms m rIIEE DRLHIUMjI and cfiscovered that ours are profaabty (Single Twin) one of the most spinous you'l get at o ssBB Jo moke it on even better offer, we compliment it with: Free Breakfast Wekome Dnnk Coffee/lea making faafeties 24 Hours iftfouse video pG pwnds* Newspaper AQCy104 words
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Advertisement131 1999-08-18 19 BMW Maintenance. Although a BMW is easily the most exciting car to drive, it is by no means the most expensive to maintain. Performance Motors servicing professionals are rigorously trained to BMW worldwide standards, utilising specialised tools to provide cost-efficient care. Because a ■rVJB BMW is designed for long-term driving131 words
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Page 20 Advertisements
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Advertisement1582 1999-08-18 20 H i pa THE WORLD'S LEADING TTn OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS .Since 19/5 our worldwide st.tlf of over 275 mult? tlisr'plined professionals including i.nvyers, ibartered accountants, (bartered secretaries and bankers have provided conf (iential and cost effective company formation in all the major low tax areas Incorporation Fees1,582 words
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Advertisement11 1999-08-18 22 ra^s mes s cWW's rtay. Call CAT.S. at 1800-737-1166. As I11 words
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Advertisement31 1999-08-18 24 A Hey! Now can I smnm-Lommo J programme I i J my Stock Alert by I I phone or internet H L. I anytime, anywhere! ■™iIM /our ONE-STOP financial hub. pp^piiipi31 words
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Advertisement54 1999-08-18 24 The Jakarta stock market was closed yesterday I warma free! tf it's time you take a break, explore the Travel Section in the Classified. Whether it's a leisurely cruise, a free 'n' easy adventure, or a convenient packaged tour, visit Classifications 570 to 599 for a wide choice. Buy It.54 words
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Advertisement35 1999-08-18 25 H 0 D E M A R Cortina Watch Centre PIGUET #01-63/64 Tel: *****28 Paragon #01-13 Tel: *****54. Bou *****1 j/f!l9l7lft MALAYSIA: Le Cortina Watch Sdn Bhd (*****-H) G32 K L Plaza 179 Jalan Buklt35 words
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Page 26 Advertisements
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Advertisement2258 1999-08-18 26 Short of cash to invest 7 Triple your cash v/ith our Margin Financing" Cail DBS Investor Online at 323-3955 today. 88DKSBANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOTICE IS HEREBY GIVEN that, I Teo Tuck Hong of Blk 302 Hougang Ave 5 #06-451 Singapore *****2,2,258 words
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Advertisement182 1999-08-18 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF UPWARD BUILDING ENGINEERING (PTE) UMITED (In Creditors' Voluntary Liquidation) f an Extraordinary General ••ting of th« members of the >ovenamed Company, duly mvened and held at 336 Smith reef #06-308 New Bridge intre Singapore *****6 on182 words
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SHIPPING TIMES
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Article292 1999-08-18 27 Bridge News, Reuters ATLANTIC Panamax rates remained steady in a slow start to trading. Capesize owners talked higher rates but little new business emerged. Atlantic handy and handymax rates remained strong. Futures were initially steadier although it soon transpired that although the tone remains better, it is theBridge News,; Reuters - 292 words
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Article213 1999-08-18 27 «52 M CWTWtfrttaUta* 1* -0.05 51 OmmM* L22 unch 127 Cmbo n*«rtmanl__l2S unch 14 SgK=«l S3 "°8 Hoi Sun Hup a?0 002 547 IMC HoMngs-HK —MO unch 0 Joy* HoMnqs OH -0.04 136 Jurono Shipyard 7_2t -0.10 n9 «5»«con> &40 aw «oo Ul -0.07 2025 MppolTote 1m 0.02213 words
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Article, Illustration424 1999-08-18 27 Marcus Hand - Asian market dominated by Malaysian-owned Star Cruises By] Marcus Hand [SINGAPORE] While the Asian cruise market is set to grow steadily, it will still only account for about 3 per cent of cruise passengers globally by 2010, according to Ocean ShippingSource: OSC - 424 words
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727 1999-08-18 27 Seafarer - STRAIT TALE By\ Seafarer SOMETHING akin to euphoria has gripped the UK's shipping community. While the chairman of major shipping group P&O, Lord Sterling, has not actually been seen leading hordes of shipping executives down the Whitechapel Road singing Rule Britannia and relatively few727 words
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121 1999-08-18 27 Reuters [SHANGHAI] Kawasaki Heavy Industry is expected to join a big Chinese company to set up a shipyard in east China as Beijing looks to boost ship exports, official media said. Kawasaki Heavy was likely to join state-run China Ocean Shipping GroupReuters - 121 words
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311 1999-08-18 27 AFP [HONGKONGJ Chinese authorities have arrested a man suspected of masterminding a massacre of 23 seamen on a Panamanian cargo ship in the South China Sea last year, a report said yesterday. The suspect, identified only as Weng, Was arrested on Sunday inAFP - 311 words
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344 1999-08-18 27 S Shivani - By\ S Shivani [SINGAPORE] The International Transport Workers' Federation (ITF) a powerful labour group representing over five million transport workers worldwide has welcomed Singapore's move to set up a fUnd for stranded seafarers. Singapore's move comes at the right time, the344 words
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120 1999-08-18 27 [SINGAPORE] Swiss shipping line Norasia has launched a new service on the trans-Pacific trade route. Its Asia Pacific Express (APX) service is Indonesia's first direct container shipping service to the Pacific Northwest The route sails from Jakarta Hongkong, Keelung, Pusan, Vancouver before heading back to120 words
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Article, Illustration816 1999-08-18 28 S Shivani - STAR CRUISES Putting passengers first and providing the best service have catapulted Malaysian cruise line into Asia's biggest By! S Shivani WHEN Star Cruises started out in 1993, few people thought the company would actually succeed. As the cruise operator takes delivery of its second newCHRIS LOH - 816 words
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Article276 1999-08-18 28 PACE tnglee 13 AMI 3 ESfltaej 13 AASCO 12 Ewrgreen 6 Accord 8 Afirenkiel U Frota 13 Appensh* 5 M AjiaOCt 5 6Ub 4 Austral 8 Avant 14 Gwsh 13 B'tang Mas 8 M BSA 7 H lSunHu P '2 BTL 14 7 Balaji Shpg 5 3276 words
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Article19807 1999-08-18 35 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Adv«rti«*r VmuI Unum* TaUaKaaa I m I ti* t>A Advartisar VMS* Vo yaga ETA ETA Advartisar Vissd Voyaga TMohorvt SIN Nam, N im Numbtr S,N Nam. Nam. Numtof Nun*. H/W JVM MOW. CHENGTU V50SA 45-2277W0 To ABIDJAN (ABJ) 2003 Cot* D Ivoire 28/0819,807 words
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SHIPS IN PORT
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Article678 1999-08-18 41 itsM Voy Mo Brth Arrival Dqwrttirt M OM hitri ***** 'jOl 17/06/8:10 17/08/14*0 M Satna« ***** J01 17/08/7:50 17/08/20*0 G* 2tt 55Sa J* 17/06/715 17/06/23:59 C Sue cms 17-MJG J09 17/06/655 17/08/16*0 Sag INK 19 J02 17/06/8.25 17/06/19:00 Kingpost 499 J03 17/06/8:55 17/06/20*0 SmMW M 59 J02 17/06/6:40678 words
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Article1807 1999-08-18 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklno/BtUnct Ksth Ship Voy No Etb/Btr Ported From To Fron kill) 02M 20/0700 u rrmoo n/an it/roo (7/800 n/854 I7/H00 a 17/ttoo amn amn a I7/T700 8/0454 ■/owe l a/0700 a/tat a/Moo a/1200 a/vm a/noo mcmtm ai N/oooo a rrmoo1,807 words
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Article193 1999-08-18 41 Aug 17 Indonesia: National Day. Aaf Philippines: National Heroes Day. Aug 30 United Kingdom: Summer Bank Holiday. Aaf 31 Malaysia: National Day. Sap 1 Mexico: State of the Nation (optional). Bap t Canada: Labour Day. Luxembourg: City Kemesse. United States: Labour Day. Sap IB Japan: Respect of the193 words
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Article798 1999-08-18 41 THIS report, compiled by Cockett Marine Oil Ltd. ihowi price rangse In US dollars Instead of single prices for a more comprehensive description of the market Prices shown are baaed on averageslzed stem Market movements are Indicated. The Cockett Bunker Price Index chance and the Individual798 words
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Article449 1999-08-18 41 Carta* MO Max 990.0 «J TT.5 0.09 72 OA Am 12 Daaattv Krttr ImMm Aft UaaWw lillmurt No Mm E2S 0 110 0 1 1 rrr- MO Am 905.0 0.4 R2 OJ? 38 0J02 t™! 3t0 Max 1005.0 23 WJ O.O 235 0.01 M/WI %H/M %M/M449 words
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AIR & LAND TRANSPORT NEWS
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319 1999-08-18 42 irr.M inj Continental, members of new alliance, locked in bitter dispute Financial Times [LONDON] Plans to set up Wings, a new transatlantic aviation alliance, have been hit by a bitter dispute between two of its intended members, KLM of the NetherlandsFinancial Times - 319 words
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180 1999-08-18 42 Govt seeks U*****,000 penalty for discrimination Reuters [WASHINGTON] The US government charged Continental Airlines with discriminating against disabled passengers and sought a U*****,000 (*****,500) penalty against the fifth largest US carrier. The Department of Transportation said the charges stem from official complaints filedReuters - 180 words
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Article, Illustration53 1999-08-18 42 [SYDNEY] Commuters prepare to board an underground train in Sydney yesterday as Cityßail began 'Operation Music'. Mozart, Beethoven and Bach have started to be played in trouble-plagued railway stations in a bid to drive out the hooligan element in the runup to the SydneyAFP - 53 words
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Article266 1999-08-18 42 AFX-Asia [HONGKONG] Hongkong Dragon Airlines Ltd (Dragonair), a 43 per cent-owned associate of China National Aviation Co Ltd, said it recorded an average passenger load factor of 59 per cent in the first six months to June. For the period, the airline said it achievedAFX-Asia - 266 words
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406 1999-08-18 42 Provision will result in second-quarter net loss of US$B54 million Reuters [ATLANTA] Stung by a ruling last week that it wrongly claimed a 1984 tax deduction and was guilty of tax evasion, United Parcel Service Inc, the world's largest packageReuters - 406 words
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Article1598 1999-08-18 42 CUT flKMT ETA FIKMT ETD $026 2355 MiUMi AN8230 W50 Mli IWW IMS ***** QMS I llllll I C2351 2045 CZ352 0635 !?r!r J"* rnmt vr7« tno ons US im SoSIt iHs am a Wm I I Matyai M891 mo MOR 0735 TC407 IMfl TfUNt KM)1,598 words
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Page 27 Advertisements
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Advertisement19 1999-08-18 27 Star Cruises banking on happy customers Putting passengers first has catapulted M'sian cruise line into Asia's biggest. Page 219 words
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Advertisement299 1999-08-18 27 Star Cruises banking on happy customers, Page 2 A two day, practical workshop on Supply Chain Management Techniques WHO sh °ULD ATTEND? Vice Presidents, Directors. Managers, Analysts Radically ilok CTOI TIMES Project Managers, MISIIT Directors and AMfN Product Flow tfmagli oil LOGISTICS LEVtt 011 Professionals who are involved in: Sat299 words
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Advertisement74 1999-08-18 27 Wings unlikely to take off as planned in Oct KLM and Continental, members of new alliance, locked in bitter dispute. BaokPife i* 41 4 r *m\ £ft«f iMf >» M <«kui ,*r .fIP I. 'Jf Wf <4: r y *j*sii_ v 0 mw "*w~ I l//sa Freight Services Pte Ltd74 words
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Advertisement1048 1999-08-18 28 I NORTH AMERICA I I EXPORT I OTHER DESTINATIONS I SSX SUPER SHtTTTLE EXPRESS DWECT TO LONG BEACH WEST COAST Of CEMTRAt AMg*C* <MAWttAWfTA SERVICE) 1 «ssa vw ETAS* no sm long hack onus moskm oauso icwnm moan msa tot W| n.aum*j kjuptu wwiomcq comtto n uuam mbmvotm vnm ain1,048 words
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Advertisement465 1999-08-18 28 For Complete Schedules Information cum to —I I fiMd-Ooy KtMdwb to JPN, TWN, HKG, mi tAcapiwg FCU Id Cewbodta/C^/S«doi/Mei^/»e*mo/s*/llw| wmvmw vori wa| jkt{pqul mh'l waIMwUHKa m kmm om tto Iypk \mx\molmm~ «L JZ* B* I!* »m »ij» iiji «j» nm tamsas nm mm mm km km mm t\jm nm tuT~hm465 words
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Advertisement136 1999-08-18 28 L* o wvices represented M*"**" <*»» R*BW»Y <* Members <**» \WjsW/ Accredited Shipping Agents, Singapore Freight Forwarders National ShlppfoAsaoc Assoc* ttorv ULY LINE MALE [VESSEL I VOY I Ett flu ETA P. KIARC SfOtl MAil Empress Lity VQ499 21/08 23/08 31/08 Princess lily V 0899 04/09 05/09 14/09 Empress Lily136 words
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Advertisement1075 1999-08-18 29 TO EUROPE FROM EUROPE vesa vot siiwiiWHHiKvsoiimiH llvpsa vot 1 m w mi nv sou fit uh awl APIAUUNDNff 310W 19/08 11/09 00/09 09/09 04/09 NOEARUZOMIE 0731 31/07 28/07 29/07 24/07 19/01 MAAS 531W20/NO5/N 07/09 10/09 11/09 HY GENERAI 319( 29/07 11/07 03/00 M/ 07 Jl/00 NOICYPtM 013W 23/01 09/091,075 words
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Advertisement2051 1999-08-18 29 OHANJIN SHIPPING iik PI LBMplw -Hm *****30 HAIUW VIWf IMC (S) PTI LTD hit //mm. hnp an OOOUNC SAIfS *****74 731 OOCUNBfT *****71 774 OftUTKMS ********** MM UK *****55 HI 777TH0 aMV ********** M |TO NW USA CANADA USA R*w/wy I I irrhau/vot su m oo m ao mst ST^2,051 words
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Advertisement362 1999-08-18 29 TESSB WT_ TO WT SI HE IE tISA WS IvGSa IWTIS« I TO |VSS& WT |SW IKI I Offdwwmw flis IVM 17/ M Till U/B H/B KW VM_ VM fj)l I AO up mm b/b r\m ism_v/n wu 11^51 li!S lAfl wiai? m [ifwl jßKHgjj »IIS a/M vm W/M 31/362 words
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Advertisement997 1999-08-18 30 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEANCANADA gghg.. ham Iwv Ifu ||«ssa Ivor Llw I I w I m 2!2 «2 17 wmkh 11 m inriffinririr~MTm MAuLmmiLi 11M 11 ■HOOOUK MKJ7 KM 12 M 14M i| H 1( n H m 22 11 14 11 CAUFOBM* MMTDH WWtM RH it M997 words
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Advertisement868 1999-08-18 30 MAC-NELS£PORE M'SiA I I -K~A ""I Mm,f UUWTH UKS, MC P.QUOANG: (07)*****26 gsssfigss, xfixsEZ 0 sasasss I ■»mP E AUCKLAND AYTTELTOM MV "HANJIN PORTLAND V.034W MV V92M ETA SIN 23-8-99 A 26-08 99 I Aho occeptiog to Wellington, Nopir/Dunedin i PENANG MANILA MV "MELAKA" V. 123N MV "MARTRAVELLER" V. 149N868 words
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Advertisement457 1999-08-18 30 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO SPORE SHEW COLOMBO PKLANG SEISS"!!! 1 a AUG II MM (7 SEP 12 SEP SS£2?L«\,.«, 225 17 W 14m TARPOH SILV9 V.ICW II SEP 14 SEP M SEP H SEP CAPE CANAVERAL VIIIW 13 SEP 21 SEP n SEP M OCT TULSIOAS Vll4 2t SEP457 words
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Page 31 Advertisements
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Advertisement1550 1999-08-18 31 VESSEL VOY KHH HHP SIN PKG PQB PXB PMM BA IRAN TABATABAEI PCL-5116 18/08 20/08 24/08 25/08 03/00 04/00 06/00 07/00 00/00 IRANBATTAM PCL-5117 28/08 27/08 31/08 01/00 11/00 12/00 13/00 18/00 17/00 IRAN TEYFOURI PCL-5118 01/00 03/00 07/00 08/00 17/00 18/00 10/00 21/00 23/00 IRAN BAABAEI PCL-5110 08/00 10/001,550 words
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Advertisement906 1999-08-18 31 ---"r r ifrHijpiibouH nil ■ninV'fr^ I 2S!!s2l££iL£?!£i T& miw ui. rurm oumutoo/u ys^¥oT r» SUA OM DM «/vw W m we Hw FftOML U.S. EAST COAST'tSAAfI YIH HE/OltAf IIA» 7VM 01/W 71/01 BMESSnOB(I/miW ISAM IQ/M U/n IMH SLftL 2ft 22 s/w S3 !!S !SS S5 m<*a» m n/2 mm TWHI/0037*906 words
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Advertisement786 1999-08-18 31 EXPORT iffcl ißftl 5*6 I Iff, 1 I I iff iNliMliraiiBiMft» 1 li alii S€KVICt wotT iMforr vessa I vor 1 m I ta tm ncciwsci—bbwhimnmn- vrsb ia nu —I —<■ am ma \»M \UM Sw Jtm Sm 1 n/L 2 JSS 4 SST -«/S ■u S ScSiS —^\IZ i\Z786 words
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Page 32 Advertisements
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Advertisement1130 1999-08-18 32 I MP ROM ANW HB6 THP ZEE LHV I LHV THP RDM ANW HBG PKL f"sGP~ I VZ SS i? 2! VJ2 J22J JJS 22h E2?£2 t SS SI S. Sii I SSAIM b *j£? 22 IS 22! JJ2 22! 22! 52 f RAC£ tw n« M MM im tw1,130 words
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Advertisement551 1999-08-18 32 iSSgDiM PACIFIC INTERNATIONAL UNES (PTE) LTD I gSSSSStm Mmm 140 Ceril Street, #03-00 PIL Bu**ng, *****0. CP HO *****67"""" liroa wr ria _m w m m —w io s—£i5 —£i «mi I ML in wtc m TK m m aM 1% is I vtofl wt ti m m hob n551 words
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Advertisement389 1999-08-18 32 J 50 TROK OLANGAH ROAD *02-02 CJTIPORT CWTRE STORE M 0 n\ TEL:*****11 (6lines)FAX:27ls4os I TLX: RS ***** CR WO. **********0W I VESSa VOY. ETA ETD DESTMATION IRIMAWA 03/99 171 MMI PKL. BALAM ILMAMU Vim IMIU9 IMt/N POKTttAA* I RIMAWA 04/99 MDM9 Z2DM9 PALfIMAH&PKL MUM li ILMAMUI 08/99 2MO/99 2MB/99389 words
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Page 33 Advertisements
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Advertisement509 1999-08-18 33 M MYANMA wBBk FIVE STAR UNE (Myomar National LHm) Loadiag far Tangos (Rasgoos) rasa VOY SM pu pen fgu SAGAMG 40W lENG TUNG 4W SID MALAYSIA AGENTS: OOUSTIAD SMPPMG AGENCIES lift: m (03)*****00 PtL TH (03) 374*101 PBfc TO (04) Ml 2401 PGU: HI (07) *****11/4 BANK LINE (A s«f*k»509 words
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Advertisement1196 1999-08-18 33 HYUNDAI MERCHANT MARINE CO., LTD. I vcsa wrjsw sou ia< «tb a«t hab I Btv |ib Ivtssa vori sow [lw I rna I iwn 1 ibmm Itv I felsbil ARAUMNDBC 310R 11/08 o*/01 11/W 00/01 01/01 lAIOH 52K 30/07 31/87 25/87 27/07 10/00 "1* ,0/W ff-2! **t ZOWnI 3 a/W1,196 words
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Advertisement878 1999-08-18 33 IWALLENIUS WILHILMSEN TO NORTH AND LATIN AMERKA "CAR RORO HEAYYUFT SERVICE" IVISSEI VQT BAftf HEIGHT |Si| Ul (ft ft|A SAV |Ml OiF NTt NEW HOI tamo AHO4 400 iw ojm 25/00 21/09 jo/w os/io os7To~ Wio~ S7iT ~io7io~ WiT T57i0~ TOURCOMG AHOS 400 1m bM 10/09 11/10 10/10 21/10 24/10878 words
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Page 34 Advertisements
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Advertisement1384 1999-08-18 34 BANOKOK/Mtf TA PWUT/LAKM CHABANO J A K A RTA/PAMJ AMQ VESSEL VQY I SIN I BKK I MTP I LCH VESSEL VOY SIN JKT TST NANTA BHUM" 459N In Pt 21/08 22/06 GURU BHUM 142S mPt *>/r» I Y ANTRA BHUM 304N 19/06 22/06 21/08 VIRA BHUM 274S In Pt1,384 words
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Advertisement37 1999-08-18 35 I S3 Calling More Than RouidHtw-wofMCMtarSame* 1500 AA^OfldV^ldC Destinations. Find out more on Pg 13 For Complete Schedules INDIAN OCEAN SHIPPING AGENCIES? Information Look Under HAI SUN HUP Turn To Pg 5 Pg 12 ON EVERY MON/WED/FRI37 words
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Advertisement53 1999-08-18 37 sT^^Diamrflo^^^^u6ni3n(3 l v (Retrieve more schedules!) SWi Press "1" ■T c-JCTk Select the port and key in the four digit code eg: To New York (NYC) 2275 jjp Key in your fax number 11 s Enter your phone number I Another Innovative service offered by The dOCUment Will be Shipping53 words
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Advertisement169 1999-08-18 38 QU. LiMSXtd. IWWAN ocean Mmw AOCNCXU ffowsr«OOOCTSsavto) fUROPf CFBm WG» Service For Christa™ Island Frro-ndr Coco. bW) Wft "Ako cafl other west Australia ports subject to inducement rm TAW SUM wu TIU VISSd VOT. SIN ai FML COS RUNN STELLA V3IA SAILED SAILED SAILED LOADING rot: JPPAN/SETI/WISN«C/AI»TOBP THOt KIRSTEN 4251169 words
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Advertisement170 1999-08-18 38 VSscI^IMnffffVTIfTVVITnnVVPVViB^H B SHIPPING LINE i '111 11 Ii 1 J ■iVI I|l J IJJ!j n n 111 I LIBYA TOMUQ MNOHAZI MISURATA TRIPOLI LuyJ msami jgugl I«■lWt I w ran man I w w I■l I i 21*— -fl* ik w/w mow n/w w/w it/w n/w ivw mm 5Ul— urTMiuK170 words
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Advertisement122 1999-08-18 38 KWI TIMES/ Will SAIUW6S: P. WIDAWS/SMltAyOtl SOUTH *****8 m I rffffpt a I wuawi tita i MB cm iMimm MM* sun »i4g iMumn a¥i«n ■Mim aifi_ _zMLan_ _2IMML -M4MI wtss nmsm awaan "PA tiMs a/wowo Hume I aiMiSiut fwi jjjjg NOtTHIOWD wr 9 ■mushm w*a n/nroin ivtanrnT mam m» aj122 words
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Advertisement566 1999-08-18 39 SHIPPING LINE LTD 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR HO. *****M0000D TEL: *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****11 (IMPORT STATUS) TLX: R*****0 Chan/Jasly/Oora/iwy/Hanlm BSLGS/WEEK I HI |l| MU M [vissS I VOY law JAK ——I gCTiU"™ EVEHY4DAVS KOTAMAJU MJUI79 19/08 (THU) 22/08 (SUN) VEMH566 words
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Advertisement658 1999-08-18 39 SIN TO SRI LANKA/ INDIA, CANADA, US/EC/GULF, MEXICO —7~ Ml 1 JKT I M KW fW CM IOW HAL NTI ORE SAY NEW MM HOU gE; Z 22/91 2t/Q1 2M/91 gf/H M/H 15/10 11/10 15/11 11/11 14/11 77/11 24/11 Q]/1 #*/ij -g/ILJI/U..11/11 JtziLJZZIL w/n 07/u u/n n/» 14/n u/n n/11658 words
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Advertisement90 1999-08-18 39 SHIPPING WAREHOUSING amtmwmmmmmm lata: Singapore Loading Daily Man to Sal (BATAMINDO 1/IH) Acoepdng FCL/Conv«nional/Pro)cct/Heavy Lift Cargo Reefer Container Bhrtaa: Singapore U lading Man. Wod &Hi (BATAMINDO II) Acoepong KT Aiwiymtxral/Pnijcct Heavy Lift Gago Tat 227 0322 Fwc 222 9330 iti indi hippla| Warahaaihi| Pta Ltd _y* ««>H ■—< Paf m-sn^—ows*90 words
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Advertisement495 1999-08-18 39 cccm Soviet Shipping CPI L\\« a h IOOSOUOOOM |\V AWtfce Shipping PI W33J nMr-OHdsafari afciiTrri—k VKSa VOY SM BOM PNG PU KOTARUKUN RKNO47 25/04 01/09 TBA 11/09 KOTARATU RTUOSS 29/01 05/09 TU 15/09 TM i VOY SW CAL HAL VCAfi sasocasi itsv 22/oo ts/oc 02/09 PRIME VAUK 004 25/08 31/00495 words
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Advertisement500 1999-08-18 40 I "vessel VOY TEMA 99/09 21-22«8 27/0109 O&O&TO I TIGER SEA 729N 2S-26KM 3W)2A)9 ofro7/09 I TIGER BAY 730N 28-29/06 02-0&09 09-I<V/09 I TIGER ISLAND 731N 30-31/06 04-08/09 12-13V-9 1 TIGER PEARL 732N 02-03/09 07-11/09 16-17/09 I TIGER SEA 733N 0607/09 11 15/09 19-20/09 I IVESSE^^^VO^^SIN^CAL^SI^^I TIGER STREAM 390CN8 20-21/08500 words
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Advertisement946 1999-08-18 40 FREIGHT LINKS EXPRESS Tel: *****11 Fax: *****77 E-mail: flesinGsingnet.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 flms9osiaonline.n«t Surabaya946 words
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Advertisement1088 1999-08-18 40 lOOCL (Singapore) Pte Lid CFS Keood 65 Qhli Si OCBC Ctr #42-00 *****13 Bfc 513 #01)21 Kl CI NO **********0H W: 272 7127 rm botkmg U *****83 F.i: 431 2966 F«: 272 7125 IMT_ (Wen, Ov««os Container line (Malaysia) Sdn Bhd Hag Nk 2349 m* cat x-n mum inn u1,088 words
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Page 41 Miscellaneous
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Miscellaneous130 1999-08-18 41 LEGEND R Thunderstorm Temperature c V^S V Shower Weather Wind direction with speed in knot* ee R<*n V-X Cloudy Sky Wov Surfoce winds ore indkoted by orrows which Hy with the wind O One ful circle represents calm or light and voriable Winds J One hoH Heche represents 5 knots130 words
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Advertisement218 1999-08-18 42 Make waves in a knowledge-based economy Singapore's position as a major maritime hub has never been more important. Especially now that the Trade Development Board aims to step up its efforts towards building an efficient trade system, excellent transport and logistics infrastructure, as well as a conducive business environment. Training,218 words
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Advertisement119 1999-08-18 42 By Appointment of Nelaon Wheeler Cofoorata Advieory Servioes Assets of 4 Hong Kong Construction Companies (In Voluntary Liquidation) Crwm 1998 Le«>henFu»y Hydraulic 120 Ton Crawler Crane, Model HSBB3HO cA» 2 Hook Blocks. 2 Winches and tJC Cabin. 1995 IHI Fu»y Hydraulic 100 Ton Crawler Crane. Model #DCHIOOO. Serial No.HX-2. cA»119 words
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