The Business Times, 22 May 2002
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2002-05-22
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The Business Times
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Title Section17 2002-05-22 1 THE BUSINESS TIMES MITA CP\ 01 MCMOCfO 85C SINGAPORE internet: http://business-times.asia 1 .com.sg WEDNESDAY, MAY 22, 200217 words
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Article71 2002-05-22 1 SR 1,73M8 (+5.91) PiIfODBFOniB U 1,728u0Q (+5.00) PlnraFimiiEß U 2ICJ9 (+0.60) 3T0C1HA1KET INDICES Tuesday Change KLSE CX)MP 78L72 -184 NIKKEI 225 _1U01.1« -6*18 HANO SENG—11,***** -***** SET INDEX ***** +4.62 JAKARTA COMP JtiiM -1.66 MANILA OOMP .U28.7# -1612 TAIPEI WPl 5,***** -1IL6I SEOULCOMP ***** -2812 SHENZHEN B 224.0271 words
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Article68 2002-05-22 1 FOBEX BATES ust ss US$ (SS per USS) L793 £{US$/S$ per 1469 1616 EUROfUSS/SS/E). 0521 1.660 DM 1216 1.236 YEN 126.6 70.10 RM 3.800 HI® HK$ 7.799 4.360 BAHT 4167 2180 RUPIAH 9,038 5,040 PUKE KATES SINGAPORE* 6.26 KUALA LUMPUR #.40 HONO KONO 6.126 JAKARTA 39.00 TAIPEI 1726 TOKYO68 words
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Article, Illustration666 2002-05-22 1 Catherine Ong - -idexclusive Possibility of more Qualifying Full Banks, faster banking liberalisation Byl Catherine Ong [SINGAPORE] The Monetary Authority of Singapore has hinted that a five-year plan to liberalise the banking sector could be accelerated and more Qualifying Full Banks (QFBs) admitted. In666 words
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Article, Illustration626 2002-05-22 1 David Boey - Nat Steel, Ockham Holdings give undertaking to accept offer By David Boey [SlNGAPOßE] Flextronics International Ltd, the world's second largest maker of electronic components for brand-name companies, yesterday launched an offer to take over Nat Steel Broadway Ltd at $3.23 cash per shareSource: Bloomberg - 626 words
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478 2002-05-22 1 Firm apologises bnt is not forced to admit wrongdoing AFP Bloomberg Reuters [NEW YORK] Merrill Lynch yesterday agreed to pay a total of US$lOO million in fines to help settle charges that it was telling clients to buy stocks itAFP; Bloomberg; Reuters - 478 words
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Page 1 Advertisements
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Advertisement72 2002-05-22 1 mauiH Top Storiu Credit card payments for property being studied: MAS. Maxt Paga Dr Richard Hu tipped to head Temasek's Mapietree Investments. Maxt Paga Decision on mobile charges by 04. Pg7 Telekom seeks friendly merger with TRI mobile. Pg 13 China stocks surge on new IPO rule. Pg 16 Dr72 words
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Advertisement50 2002-05-22 1 Don t miss BTs 28-page Banking Supplement Free with today's BT. And, for the online edition of the supplement go to http://business-times.astal.com.sg Whither Nat Steel without electronics?, Pg 3 Hyundai distributor IBfoftjMi under tax probe tow Motoring. Page 8 J LA MediShield: time NpM for a check-up Genevif.'ve Cua. 2450 words
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Advertisement370 2002-05-22 1 A financial report card, Banking Supplement Page Two Care to give your overseas property loan a check-up? Interested in saving money on your overseas property loan? Since the start of 2001, the US dollar Federal Funds rate has been reduced an astonishing 11 times and has reached its lowest level370 words
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NEXT page
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362 2002-05-22 2 Quak Hiang Whai - MAS concerned multiple cards, credit lines may reduce cash needed Quak Hiang Whai [SINGAPORE] The Monetary Authority of Singapore (MAS) is concerned that home buyers who have several credit cards or personal credit lines may make use of these for downpayment and substantially reduce362 words
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ON THE grapevine
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Article105 2002-05-22 2 TANGLIN Club members seem to be a forgiving lot. Recently, they elected to office a member who was found by an inquiry committee to have tendered two votes in breach of the club's by-laws. The incident took place at a special meeting of the club to decide105 words
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Article72 2002-05-22 2 ADDRESSING a conference on cash and treasury management, David Eldon, chairman of Hongkong and Shanghai Banking Corp, had this advice for would-be speakers: "There are four rules to making any speech, economic or otherwise. The Number One rule: have something to say. Rule Two: say72 words
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Article144 2002-05-22 2 and its resounding practice TO drive home his message, Mr Eldon, the keynote speaker for the conference, made sure he stuck to his title, "The Sounds of Asia". His pronouncement of the title for his economic outlook speech was accompanied by background audio effects of tigers roaring, ships' foghorns blasting,144 words
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Article, Illustration776 2002-05-22 2 Ven Sreenivasan - Risks housing bust, corporate cash crunch, capital flows drying op By Ven Sreenivasan [SINGAPOREJ The US econ omy is headed for a strong demand-driven cyclical recovery which will be accompanied by a 100 basis point rate hike this year, according to a leading Wall776 words
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421 2002-05-22 2 Reuters Bloomberg [NEW YORK] The leading contenders to buy US telecoms provider Global Crossing Ltd are expected to seek an extension to yesterday's merger agreement deadline after their US$75O million bid was rejected, the Wall Street Journal reported. Citing peopleReuters; Bloomberg - 421 words
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Article38 2002-05-22 2 TOSHIBA Corp has clarified that its global revenue for the year ended March 2001 was US$4B billion, not US$4B trillion as stated in Monday's BizlT report, "Toshiba aiming for 30% share of S pore's Pocket PC market".38 words
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Article, Illustration294 2002-05-22 2 Kalpana Rashiwala - Unit owns $3b of property hived off from PSA Corp By\ Kalpana Rashiwala [SINGAPORE] Former Finance Minister Richard Hu is tipped to join the board, probably as chairman, of Mapletree Investments, a Temasek Holdings unit that owns some $3 billion worth of real294 words
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Article, Illustration398 2002-05-22 2 Quak Hiang Whai - Rebost consumer demand may prove hard to sustain Byl Quak Hiang Whai [SINGAPORE] A sustained global economic recovery is far from certain, the chairman of Hongkong and Shanghai Banking Corporation (HSBC) warned yesterday. Giving the keynote address at the Euro Finance398 words
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Page 2 Advertisements
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Advertisement27 2002-05-22 2 Reliable Customised Executive Search Tel: (65) 6225 5809 Fax: (65) 6227 0071 Email: Johnkoh9drakesln.com.sg i i Website: http://www.drakeintl.com J— g—aa==Hj I VWt OCRA'a dvflnWv* OftehoraCmn^^Mwlbli^^l Iwww.ocra.com I27 words
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Advertisement8 2002-05-22 2 MAS clarifies position on card payments, Pg 118 words
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SINGAPORE companies
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Article, Illustration548 2002-05-22 3 David Boey - Revenue forecast to grow 40%, but it'll still end second quarter in the red By David Boey CHARTERED Semiconductor Manufacturing, the world's third-largest maker of customised computer chips, said yesterday in an update that it expects to "significantly improve its sec-ond-quarter revenue and earnings outlook".Source: Bloomberg - 548 words
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418 2002-05-22 3 David Boey - HATSTEEL BROADWAY TAKEOVER Synergies between their business models also a pins By David Boey TAKEOVER talks between Flextronics International and Nat Steel, parent of electronics contract manufacturer Nat Steel Broadway Ltd (NBL), started three months ago and were kept secret. But the market appeared418 words
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635 2002-05-22 3 angela tan - Z r A lock siew angela tan LESS than two years after it sold NatSteel Electronics to Nasdaq-listed Solectron, Nat Steel is on the verge of divesting its last crown jewel, 52 per cent-owned Nat Steel Broadway Ltd (NBL) to another US giant, Flextronics. Like Keppel635 words
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305 2002-05-22 4 Kalpana Rashiwala - It signs agreement to sell np to 30m new shares at 9&3 C per share By] Kalpana Rashiwala rv wEiA. L«ng oeng s lisiea Hong Leong Asia (HLA), which has interests in home appliances, diesel engine, and packaging manufacturing and distribution305 words
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Article, Illustration515 2002-05-22 4 Dow Jones Newswires SINCE January this year, systems integrator Datacraft Asia Ltd has been witnessing some growth in customer orders, a top company official said. This is a trend which could be the start of improving fortunes for the company.Dow Jones Newswires; FILE PHOTO - 515 words
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Article, Illustration592 2002-05-22 4 Higher costs and lower investment income cited Reuters SINGAPORE rail operator SMRT Corp is expected to see its 2001/02 earnings nearly halved from the previous year due to higher operating costs and lower investment income. Five analysts polled by Reuters expect SMRT toReuters - 592 words
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COMPANY Briefs
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Article104 2002-05-22 4 MULTI-CHEM Ltd announced that M Tech Products Pte Ltd, a wholly owned subsidiary, has entered into an authorised distributor agreement with Nokia Inc. Under the agreement, M Tech has been appointed an authorised distributor for Nokia for its Internet security products and products for104 words
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Article90 2002-05-22 4 JADE Technologies Singapore said for the half-year ended March 31, net profit fell 98 per cent to $0.1 million from $4.1 million. Turnover was $29.5 million, down 46 per cent. The drop was attributed to the adverse impact of the sudden global downturn in the90 words
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Article62 2002-05-22 4 Mr a Technology announced that its subsidiary, MFS Singapore, has received orders amounting to $15 million from Philips Mobile Display Systems for the design and manufacture of flexible printed circuits and related assemblies for use in small-to-mid range colour LCD display modules. Barring any62 words
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125 2002-05-22 4 Reuters TMC International Holdings yesterday said it would place 10 million new shares to raise net proceeds of about $2 million to fund overseas investments, especially in China. TMC International said in a statement the placement would be made through UOB KayReuters - 125 words
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109 2002-05-22 4 Bloomberg MILLENNIUM Copthorne Hotels, the UK company that owns half of the Plaza in New York, said 2002 earnings will beat last year's even as revenue per room in Europe declined 3 per cent in the first 18 weeks of the year. The averageBloomberg - 109 words
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163 2002-05-22 4 TELEDATA (Singapore) Ltd yesterday said it has finalist a debt restructuring agreement with its creditor banks and bondholders. Under the deal, each of the creditors shall from the date of the agreement to Sept 30,2002, refrain from demanding payment or taking any action to recover163 words
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301 2002-05-22 4 Reuters AUSTRALIAN biopharmaceutical firm Rockeby Biomed Ltd aims to be among the first to list in Singapore as the city state moves to become a life sciences hub. The two-year old fungal research and diagnostic firm, founded with Australian technology andReuters - 301 words
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Page 3 Advertisements
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Advertisement45 2002-05-22 3 Club World. With the world's first fully flat beds in Business Class. nn mfll --.."T^T^T^J^ Ctut) W°r |d flat heds have been serving business travellers since February 2000. They are available on all our flights from Singapore to London, Melbourne and Sydney. Dlvl Al IXIV/VYS45 words
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Page 4 Advertisements
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Advertisement126 2002-05-22 4 The complete retail suite you once imagined. mmmmrsr t Retailigence is designed as end to end system. Point of Sale, Back Office and Accounting are seamlessly linked No integration required. Of Software from different to We understand Retailing. Singapore, Malaysia. UK Europe tndonesa Hong Kong T«1 *44 (0) 20 8901126 words
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Advertisement73 2002-05-22 4 I Outstanding New Zealand Commercial Property Selection www.portfolio2oo2.co.nz 23 different New Zealand Commercial Properties Property prices ranging from NZSIm NZs6om each Includes significant bulk retail centre, a retail shopping centre and commercial office buildings in Auckland, Wellington and Christchurch John Goddard (Sales Director, Now Zealand) will bo in Singapore from73 words
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Advertisement90 2002-05-22 4 Ford Motor Credit Company Floating Rate Notes Dm Fafcrary 13,2083 CMMMI My bar *****03 ISW No.: U*****97 RY79 CUSIP No.: *****7 RV7 In accordance with the terras of the documents governing the above-refer-enced Notes, notice is hereby given that the Interest Rate per annura for the Interest Period commencing May90 words
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Page 5 Advertisements
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Advertisement552 2002-05-22 5 IH I I TURN THE THE RIGHT PEOPLE FOR I H RECESSION THE RIGHT JOB I TdV/lllD Their Wisdom. Their Experience. Pll(lP£<£* IU TUUn Your Business Advantage. People for Jobs Traineeship Programme (PJTP) When 4q yoars Turn challenges into we II pay half their salaries for six months. You can552 words
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SINGAPORE markets
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Article, Illustration285 2002-05-22 6 OTHER SINGAPORE INDICES May 21 VALUE CLOSE BTOMDS 162.00 -64.00 BTCMN -*****.00 -17.00 w 10-day MA -***** 00 -17.00 wm»*il 457.20 +1.62 SB rpJIn Pill 155.96 -0.40 WBpBwHi 1542.12 +9.61 M ft M 439.42 +0.30 ItlTIWappora 217.47 +087 SMTOWbw* 216.80 +0.60 Hwl» V+mm Nataert 50c 35.616.000 FCO 20c 24.579,000 Th*V.llflge5c285 words
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Article, Illustration835 2002-05-22 6 larry wee - l-iicomment CURRENCIES Mantra is to sell it again on any decent corrective rally, but watch the key levels larry wee A MEASURE of how much sentiment towards the US dollar has deteriorated during the past week can be seen from the way that both835 words
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Article, Illustration722 2002-05-22 6 r. sivanithy - l i comment STOCKS r. sivanithy A FEW months ago, news of a major electronics takeover would have ignited trading throughout the broad market, setting imaginations ablaze and bringing together all sorts of players traders, investors, speculators and hedge funds in a722 words
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Article2851 2002-05-22 6 UNIT TRUSTS FUNDS CibSelect ASH Tilt Balanced 129/ CitiSetect Asia Tilt Growth 1 24/ CitiSelect Asia Titt Enh Grth 1.17/ AM Amro Asset Mgt (S'pore) CitiSelect Global Growth 109/ Star Europe Eqty!" 0 78W CitiSelect Global Income 1.11/ Star Europe Bo 0 97* ®°'>al Healthcare Fund 0 94/ Star Europe2,851 words
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SINGAPORE news
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Article, Illustration391 2002-05-22 7 Siow Li Sen - on the economy wholesale trade By\ Siow Li Sen THE domestic wholesale trade index fell for the fourth consecutive quarter, down 21.7 per cent in Q1 2002 from the corresponding period last year. But the decline moderated compared with the previous quarter. The index,Source: DOS - 391 words
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Article418 2002-05-22 7 Tang Weng Fai - 7ESTERDA7 IN PARLIAMENT System where only calling-p&rty-p&ys still being studied By Tang Weng Fai THE Ministry of Information. Communications and the Arts said yesterday it will study the impact of alternative charging schemes for mobile phone calls and make a decision by the fourth418 words
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377 2002-05-22 7 Vince Chong - Japanese firm still working oat compensation deals Byi Vince Chong HARD disk drive (HDD) maker Matsushita Kotobuki Electronics Industries Singapore (MKS) will retrench just under half of its permanent work force following its parent firm's decision to focus on the production377 words
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Article322 2002-05-22 7 Kalpana Rashiwala - By Kalpana Rashiwala CAPITALAND has priced its Shelford condo at $738 psf on average, net of discounts and absorption of mortgage interest cost until the project is completed. This is significantly lower than Tuan Sing's Adam Park project a stone's throw away, released late last322 words
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164 2002-05-22 7 Bloomberg TUAS Power Ltd, Singapore's third largest electricity producer, said it will increase the size of its bond sale to $400 million from $300 million to meet investor demand. "Demand for the bond issue has been very positive as investors areBloomberg - 164 words
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Page 7 Advertisements
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Advertisement77 2002-05-22 7 ROLEX Rolex presents Diana Krall June 26th 2002 8.30pm Suntec Level 6 Live In Concert Reputed as the world's finest jazz singer pianist. Her latest world's best selling album "The Look Of Love" is out now Hotline: (65) 64 16 3652 E-mail: concerts@M2us.com www.M2us.com Ticket Outlets: Sembawang Music Centre Cineleisure77 words
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BT motoring
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Article, Illustration604 2002-05-22 8 CHRISTOPHER TAN - psli exclusive! Komoco files seized in drawn-out probe but no one called in for questioning yet AM reports by CHRISTOPHER TAN THE Customs Excise Department (CED) is investigating Hyundai distributor Komoco for suspicion of underdeclaration of vehicle values a tax-evasion offence punishable by jail,ARTHUR LEE - 604 words
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311 2002-05-22 8 KOMOCO'S vehicle inventory has ballooned to about 2,500 units or more than seven months' stock, going by this year's sales. Most car companies hold about three months' stock. The bulk of the Hyundai cars are said to be stored at ports311 words
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BUMPER to BUMPER
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Article102 2002-05-22 8 v* 11 n reuucea iramc expected in the coming school holidays, the Land Transport Authority will cut electronic road-pricing (ERP) charges for June. From May 28, ERP rates will be 50 cents lower at several points. These are: Central Expressway (7.30-8 am); East Coast Parkway102 words
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Article, Illustration122 2002-05-22 8 WHEN Mitsubishi Motors shareholders gather next month for their annual meeting, they will approve the r 1 viiiviiun ui §/i C3IUCIU Ul Rolf Eckrodt (right), the executive sent by DaimlerChrysler to revive the ailing Japanese carmaker. The Financial Times said he will replace Takashi Sonobe,122 words
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Article100 2002-05-22 8 GENERAL Motors plans to set up a joint venture with China's seventh largest vehicle maker by June, gaining a foothold in what it says is a potentially lucrative market for mini-vans and mini-trucks. Reuters reported that the US giant is in the final100 words
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Article129 2002-05-22 8 ruKiJ Motor announced a shuffling of its management on Monday, which included bringing back a retired executive to be chief financial officer— his former job, reported AP. In his first news conference as financial officer, Allan Gilmour, 67, broke with Ford's criticism of the increase in129 words
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Article95 2002-05-22 8 HONDA Motor and NEC Corp have reached an agreement to integrate NEC's vehicle electronic control unit with that of the Honda group. Through this agreement, Honda aims to strengthen its vehicle control electronics operations in response to the increasingly advanced nature of vehicle electronic technologies.95 words
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Article57 2002-05-22 8 NEED a cashcard for ERP (electronic road-pricing)? Now you can get one at any of 7-Eleven's 160 stores. This brings the number of cashcard distribution points in Singapore from 106 to 266. Users can also top up their card value at the stores or pay for57 words
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104 2002-05-22 8 Christopher Tan - Compiled by Christopher Tan OF the 170 Michelin employees in Singapore who were offered Michelin shares, 146 have accepted. The 85 per cent subscription rate ranked second highest, behind only Brazil. Singapore, Japan and Thailand were the three Asian countries which were involved in this104 words
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Article469 2002-05-22 8 TWO years ago. automotiverelated sales accounted for only 7 per cent of precision engineering group Armstrong Industrial's business. But now the figure is close to 12 per cent of turnover a whopping 70 per cent increase. The company sees this growing to 15 per469 words
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Page 8 Advertisements
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Advertisement93 2002-05-22 8 New Beginnings Nominations for the 2002 eso.startup awards are now open. To be eligible, a company must: j t I be a privately-held enterprise be under 5 years old W £t (from date of incorporation) have a strong nexus f t° Singapore* have at least 1 year of yjß audited93 words
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Advertisement13 2002-05-22 8 For the latest open market value rates of passenger care, go to http://app.interneLgov.sg/scripts/lta/3_2_OMV.asp13 words
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FORMULA ONE
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Article, Illustration823 2002-05-22 9 HEIKE HIENTZSCH - In just two years, BMW has emerged as sole challenger to Ferrari's stranglehold on the F1 cup. bebe HuarrzscH looks at how it's progressed from storming upstart to seasoned champ HEIKE HIENTZSCH The writer is a freelance journalist specialising in motorsports. She also prepares motorsports press releases for823 words
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Article, Illustration289 2002-05-22 9 I have been a Ferrari fan for 47 years and usually a onetwo result would have me out in the streets dancing but frankly we all feel sick at this result Ferrari has betrayed us and all289 words
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Article, Illustration777 2002-05-22 9 His Monaco moment came when he kept Coolthard behind him for 41 laps Reuters [LONDON] Enrique Bernoldi remains unrepentant a year on from the race that got him noticed in Formula One. The young Brazilian stood out in Monaco last year when heReuters; AFP - 777 words
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PIT Stop
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119 2002-05-22 9 FIVE British-based Formula One teams have joined forces in a company to represent their interests in the future running of the sport. Neil Johnson, head of Grand Prix Teams (GPT), said Williams, McLaren, Jordan, British American Racing and Arrows are involved. The company was119 words
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Article133 2002-05-22 9 D KA/.ILJ aiN uristiano da Matta, currently third in the US CART championship, had his first Formula One test with Toyota last Friday. "I am very impressed with this experience," da Matta said after 97 laps in the TFIO2 at the southern French133 words
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Article98 2002-05-22 9 MiLnAfiL acnumacher will keep his family home in Switzerland despite failing in an attempt to build his dream ranch in the hamlet ofWolfhalden. Environmentalists put up stiff resistance to re-zoning some of the property on a wooded hilltop where the Schumacher family wanted to build98 words
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Article, Illustration157 2002-05-22 9 JAPAN'S Takuma Sato (above) was released from hospital after tests showed he suffered no injuries in a major crash at the Austrian Grand Prix. "Really I am totally okay," Sato was quoted as saying. "My legs and knees are a little sore but that's157 words
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159 2002-05-22 9 FERRARI was wrong to deprive Rubens BarricheUo of victory in the Austrian Formula One Grand Prix but Michael Schumacher should not be blamed, according to the world champion's former team mate Eddie Irvine. "Ferrari missed the big picture when it ordered Rubens BarricheUo to move159 words
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107 2002-05-22 9 SNAI, Italy's largest sports betting agency, has said it will pay punters who bet that Rubens BarricheUo would win the Austrian Grand Prix. Brazilian BarricheUo led the race from the start but slowed under team orders aUowing Michael Schumacher, the world champion and leader107 words
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60 2002-05-22 9 NICK Heidfeld of the Swiss Sauber Team fulfilled a childhood dream a few days before his 25th birthday on May 10. He collected his first Porsche—a 463-horsepower 911GT2. "When I read the first test reports about the GT2, it became clear that the GT2 was the60 words
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Article, Illustration96 2002-05-22 9 Christopher Tan - Compiled by Christopher Tan JUAN Pablo Montoya (left) does not think he can win the Formula One championship with his current car but believes that with new parts his Williams model can perform more like champion Ferrari. "At the moment with what we've got it will96 words
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EDITORIAL & opinion
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Article, Illustration822 2002-05-22 10 david mason - ■BTTTq 1 bottom line OPINION david mason The writer was a partner in an international accounting firm in Singapore for 14 years. He is now a business consultant in the United Kingdom. He contributed this article to BT. THE accepted definition of an auditor822 words
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Article50 2002-05-22 10 'Men are supposed to embody power. What could embody passivity more than modelling?' StoeDwnan advertising executive, on the use of male models The Taliban even banned kite-flying. What were they worried about? Someone might discover electricity?' jerry TV comedian, on the killjoy policies of the ex-Afghan rulers.50 words
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Article647 2002-05-22 10 EDITORIAL TENSE at the best of times, the situation on the border between India and Pakistan has now assumed dangerous, even alarming, proportions. This calls for urgent diplomacy to simmer things down not only on the part of the two nuclear-armed rival* themselves, but647 words
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Article, Illustration1201 2002-05-22 10 Tan Chin Hwee - The US corporate debacle shows integration of credit derivatives into risk management systems and backroom support is key By Tan Chin Hwee The writer is an ex-fund manager currently on sabbatical in Yale EVEN before Shakespeare penned the admonishment "neither a borrower nor aAP - 1,201 words
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Article704 2002-05-22 10 Paul Kingman - COMMENTARY Washington should follow the advice it likes giving Asia By Paul Kingman The writer is a professor of economics at Princeton University NYT "I WOULD suggest to you that the single most important innovation shaping (America's) capital market was the idea of generally acceptedNYT - 704 words
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Page 10 Advertisements
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Advertisement122 2002-05-22 10 A New Dining, Experience For A Maharaja V at the refuibished MADRAS NEW VJOODLANDS 12 14 Upper Dickson Road With the opening of our newly upgraded premises, you can enjoy the fine art of Indian vegetarian dining in a royally exotic ambience Topping this exquisite experience is the touch of122 words
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MAIL bag
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206 2002-05-22 11 Vasuki Shastry - Vasuki Shastry Director (Corporate Communications) Planning, Policy and Communications Department Monetary Authority of Singapore I REFER to your article "MAS okays Amex card downpayment for homes plan" (BT, May 17). The article suggested that the Monetary Authority of Singapore had approved Amex's scheme to206 words
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645 2002-05-22 11 Narayana Narayana - Narayana Narayana I REFER to your article "Sing Post may be floated soon in one of Singapore's biggest IPOs" by Conrad Rstf (BT, May 14) and to the letter "Cautionary tale for Sing Post" by Paul Thompson (Mailbag, May 15). Mr Raj's article said:645 words
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452 2002-05-22 11 Mary Ann Mendis (Ms; Ang Hwee Suan (Ms - Mary Ann Mendis (Ms) Ang Hwee Suan (Ms) WE REFER to the article "Why land sales won't be the same" by Lee Han Shih (BT, May 7). The article implied that the government was undermining the property market and the established system of452 words
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Page 11 Advertisements
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Advertisement97 2002-05-22 11 Vm Ground Level I I 111 ftWAUBI INDUSTRIALP4RK mm I |l] For Sale/Lease Best suited for office use Equipped with hoist beam to lift goods up to the floor, if necessary Most suitable for production, warehousing showroom or show office Your very own frontage Allotted parking for car and 20-ft97 words
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Advertisement228 2002-05-22 11 www.mi.com.sg Everywhere under the sun. itffl Ml introduces Sunrisers, an exclusive programme dedicated to bringing the royal treatment to a select few. Meeting your individual needs with a host of privileges and benefits. Just for you, savings of up to $500* on your next handset upgrade, so you'll Free 16K228 words
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FOCUS enterprise
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Article, Illustration1114 2002-05-22 12 ADELINE CHIA - A promise to his mother spurs medical hall owner Cheng Pei Fong to not only continue the business, but also expand it locally and regionally, says adeldie chia ADELINE CHIA CHENG Pei Fong isn't your usual shopkeeper. Of course, he haggles expertly in Mandarin over the pricePHOTOS BY ARTHUR LEE - 1,114 words
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519 2002-05-22 12 LUCK favours those who try, says Cheng Pei Fong, as he recounts how he clinched the deal with Sanjiu, better known by its trademark 999. On a trip to Beijing to re-estab-lish contact with suppliers, he chanced on a television programme one morning519 words
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Page 12 Advertisements
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Advertisement21 2002-05-22 12 Protecting egg shells with diamonds? I I I I II wBhmBBHBWBBB I I One company cracked the problem and made millions.21 words
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REGIONAL news
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338 2002-05-22 13 Eddie Toh - It asks for four seats on TRI board, says a hostile takeover is nnlikely From] Eddie Toh in Kuala Lumpur TELEKOM Malaysia has requested four seats on the board of Technology Resources Industries in its bid to seek a friendly merger of the338 words
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336 2002-05-22 13 Diana Oon Abdullah - From Diana Oon Abdullah in Kuala Lumpur TIME dot Com, viewed by many as the underdog in the race for one of three thirdgeneration spectrum licences up for grabs in Malaysia, stands a "very fair chance" in the government tender which closes336 words
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227 2002-05-22 13 [SINGAPORE] The world has an obligation to assist East Timor as it tackles its immense economic and social problems, Professor S Jayakumar told the United Nations Security Council on Monday. Addressing the Public Meeting on East Timor at the Security Council, the Singapore227 words
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421 2002-05-22 14 HONGKONG It cites weakening of their financial*, property glut's impact on earnings recovery Bloomberg CHEUNG Kong (Holdings) Ltd may face a ratings-cut and six other Hong Kong property developers had their credit ratings or outlooks cut by Standard Poor's on concern a real-estate glutBloomberg - 421 words
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Article, Illustration63 2002-05-22 14 AP [HONG KONG] Unemployment in Hong Kong has risen to a record 7.1 percent, officials said yesterday in a report that warned the number of jobless could stay high in the near term. The unemployment rate for Feb-April compared with the previous record ofAP; AFP - 63 words
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253 2002-05-22 14 MANILA Mo threat of sanctions against former president AFP FORMER Philippine president Fidel Ramos has been asked to testify at a Senate inquiry into whether power contracts signed during his term caused overly high electricity rates, officials said yesterday. A letter fromAFP - 253 words
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135 2002-05-22 14 MANILA Reuters THE Philippine capital and wide areas of the main island of Luzon were blacked out by a power cut yesterday, forcing the stock exchange to close early and leaving thousands of rail commuters stranded. Employees of the SupremeReuters - 135 words
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NOTE Book
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Article78 2002-05-22 14 Bloomberg [KUALA LUMPUR] Malayan Banking Bhd said Ismail Shahudin quit as director of Malaysia's biggest lender. Separately, Malaysia Mining Corp, which is controlled by Pennodalan Nasional, said Mr Ismail will assume the position of group chief executive from Aug 1. In March, Malaysia Mining said itBloomberg - 78 words
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Article93 2002-05-22 14 Bloomberg u ajvaktaj Indonesia raised its forecasts for economic growth and the currency, saying that a more stable political environment would encourage investment A draft Budget for 2008 predicted economic growth of 6 per cent, compared with a previous forecast of up to 5 per centBloomberg - 93 words
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Article110 2002-05-22 14 Reuters [KUALA LUMPUR] Malaysian banking group Commerce Asset Holding yesterday said it was "reasonably optimistic" about winning its bid for Indonesia's Bank Niaga. "We think we can bid fair price few the bank and I think we can bring great opportunity to improve theReuters - 110 words
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56 2002-05-22 14 Bloomberg [KUALA LUMPUR] Kumpulan Guthrie Bhd, Malaysia's second biggest plantations group, said in a statement that four directors resigned, <iwi«wMng its head of finance and corporate services. No reasons were given for their resignations. The four are Mohd Abu Bakar Mohd Nor, Ghazali Awang, SitiBloomberg - 56 words
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115 2002-05-22 14 BANGKOK Reuters THE Thai Parliament yesterday dropped a proposal to set a maximum five percentage point spread for commercial bank interest rates, in a move likely to be welcomed by financial markets. A committee rejected the proposal by eight votes to sixReuters - 115 words
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426 2002-05-22 16 SHANGHAI Bet is that speculation curbs will fuel baying of existing shares Bloomberg CHINESE stocks had their biggest rally in 16 weeks yesterday as domestic investors bet a new rule cracking down on speculation in initial public offerings would channel money into existingBloomberg - 426 words
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Article, Illustration294 2002-05-22 16 Bloomberg [BEIJING] China said it's hard to be excited about enforcing market opening measures following its entry into the World Trade Organization after the US raised agricultural subsidies and levied tariffs on imported steel. "Psychologically, I feel the kind of protectionist measures takenBloomberg - 294 words
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288 2002-05-22 16 CHDTA FORAYS But they'd still have to nod from Bering Dow Jones Newswires Bloomberg [TAIPEI] The Ministry of Finance will consider allowing more local banks to open representative offices in China, said Finance Minister Lee Yung-san yesterday. However, just two out of theDow Jones Newswires; Bloomberg - 288 words
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168 2002-05-22 16 Dow Jones Newswires [BEIJING] The China operations of telecommunications equipment makers Motorola and Nokia were among the country's 10 largest exporters last year, according to a list published yesterday in state-run media. Based on Customs statistics, Motorola (China) Electronics was China's fifthlargest exporter inDow Jones Newswires - 168 words
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ASIA Notes
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84 2002-05-22 16 Bloomberg [BEIJING] China's central bank is requiring domestic banks and foreign lenders operating on the mainland for the first time to disclose earnings to the public once a year. The Peoples Bank of China, in a statement on its website, said local banks, Sino-foreignBloomberg - 84 words
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Article65 2002-05-22 16 AFP [HONG KONG] Hong Kong's love affair with mobile phones shows no signs of abating, with official figures showing 86 per cent of the territory's 6.7 million population owning a handset. Figures from the Office of the Telecommunications Authority showed yesterday that the numberAFP - 65 words
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63 2002-05-22 16 Bloomberg [MANILA] The Philippine Stock Exchange completed a probe of Filinvest Land Inc, the nation's largest builder of affordable homes, for possible trading irregularities and will ask regulators to investigate ftirther. The exchange as early as this week will send results of its investigation toBloomberg - 63 words
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Article58 2002-05-22 16 Bloomberg [HONG KONG] Citic Ka Wah Bank Ltd, Hong Kong's fourth-largest publicly traded bank, said it will complete its merger with the operations of HKCB Bank Holding Ltd by July. The lender, controlled by China's biggest investment company, bought the banking business of HKCBBloomberg - 58 words
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53 2002-05-22 16 AFP [TAIPEI] Taiwan's petrochemical giant Formosa Plastics Group plans to invest NT$l5O billion (517.8 billion) in China to build a petrochemical zone, a report said yesterday. The 1,100 hectare zone in Ningbo, Jiangsu province would include a PVC venture worth US$43 million, the EconomicAFP - 53 words
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Article62 2002-05-22 16 Bloomberg IttbiJLNtrj Lnina Putian Corp, the nation's biggest telecommunications equipment maker, plana to raise about US$l billion from an initial share sale later thin year, bankers involved in the sale said. The company hasn't decided how many shares to sell or if its shares willBloomberg - 62 words
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Page 13 Advertisements
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Advertisement181 2002-05-22 13 decision-mateii daftr"" 11-gl- 1 x iislf s j Com© on board w/f/7 ual Roach out to the new technology economy. For more detaita, pioato fax I this to ua at 6351 1283 or call 6361 1068 to apeak to our aalea repreeentattvea. I Name Designation jjj jj Company Nature of181 words
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Advertisement144 2002-05-22 14 fr i v rfii ri iairiiUiA i --^B fTiii WP^^B Take on our winning stance for your next game and feel the difference. Look out for this Pan-West label of authenticity on your next purchase and tee off with confidence on the golf course. Just one more way Pan-West reaches144 words
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Advertisement192 2002-05-22 15 |MjgjQ>Gigt. .a. vS4I. •j mid-year exhibition and sale 6 Days of Exceptional Opportunity The Grand Hyatt, Mezzanine Floor, Sir Henry Keppel 11, 22 to 27 May 2002 only, 11am Bpm Mondial proudly presents a spectacular collection of the latest European-designed jewellery. This successful acquisition boasts a wide array of stunning192 words
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Advertisement45 2002-05-22 16 I W SAMSUNG REDEEMED! WE THANK ALL READERS SSL 3) S FOR YOUR TREMENDOUS SUPPORT |lo^Kp-. OF THE NEW PAPER/SAMSUNG j®N#gp > "JUST CAN'T RESIST IT" DEAL C~ IN THE PAST WEEK! Look out for our new Samsung SGH-R220 offer! J g -f V? ?F r45 words
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REGION world
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Article, Illustration522 2002-05-22 17 Anthony Rowley - China an economic threat, bat S-E Asia most find niche From l Anthony Rowley in Tokyo CHINA will eventually come to dominate regional and even global markets for many manufactured goods, Malaysian Prime Minister Mahathir Mohamad suggested yesterday. He argued before aREUTERS - 522 words
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358 2002-05-22 17 Harish Mehta - The two sign MOU and launch study on potential benefits From Harish Mehta in Bangkok THAILAND and Australia have agreed to sign a Free Trade Agreement (FTA) within three years to take their "natural partnership" to new heights, trade officials said.358 words
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272 2002-05-22 17 MUMBAI Diplomat says two nuclear nations 'very close 9 to war Bloomberg AFP AP INDIAN shares tumbled as Indian and Pakistani troops traded heavy fire for a fifth day across the border, fuelling fears the nucleararmed neighbours are headed for war. India'sBloomberg; AFP; AP - 272 words
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Advertisement17 2002-05-22 17 ■kebdbbhii Lianhe Zaobao Itocreatei| I brand-new I I image Ailu I I forthevlly I I MifTiWll I17 words
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Advertisement195 2002-05-22 17 Mahathir's mnWfaoeted strategy, PglB £g.unch of I i j p ryr/|*, y .j i I tfeast I I Featuring exotic and original^*! I v Umbrian cuisines prepared by II eight talented chefs. I 0 For a taste of this creat I ponsore y. tradition, visit the following I Hi international195 words
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FOCUS mahathir
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Article, Illustration2019 2002-05-22 18 YANG RAZALI KASSIM - His assertiveness over a broad front marks growing strength as well as vulnerability, says TAMO RAZALIKASSDK YANG RAZALI KASSIM The writer is BT's regional annlvsis prlitnr ON THE eve of a symbolically significant visit to the United States. Prime Minister Mahathir Mohamad did the unthinkable. He shookAFP - 2,019 words
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Advertisement1678 2002-05-22 18 Email recruits@sph.com.sB TYE SOON LIMITED (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at 20 Raffles Place #24-03 Ocean Towers Singapore *****0 on 17 June 2002 at 10 00 a m for the purpose of considering and,1,678 words
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Advertisement475 2002-05-22 18 •I THE MATTER OF THE COMPANIES ACT, CAP. SO (1) JEEVES AUTOMOTIVE SBMCES PTE LTD (2) AB LEASMG PTE LTD (In Mantes' Voluntary Uqudaton) At the respective Extraordinary General Meetng oI the above-named Companies deemed to be held on 17 May 2002 tt« totomng resolutions were cU > passed as475 words
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Advertisement149 2002-05-22 18 In the matter of M BOLD FRIENDS PTE LTD (In Creditors' Voluntary liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company, duly convened and held at 336 Smith Street #06-308 New Bridge Centre Singapore *****6 on 18th May 2002 at 8.30 a.m., the following SPECIAL RESOLUTION149 words
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WORLD news
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548 2002-05-22 19 SEC sues Ernst Young for alleged ethics lapse NEW YORK Firm accused of having 7-yr business partnership with client People Soft AP CONCERNED about the erosion of auditor indepen dence, securities regulators sued Ernst Young on Monday, accusing the firm of violating ethics rules by having a seven-year business partnershipAP - 548 words
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335 2002-05-22 19 HOUSTON Jurors watch video of him instructing audit managers AP JURORS in Arthur Andersen's obstruction trial watched a video on Monday in which audit team managers were told destroying documents before litigation is filed is "great" because "whateverAP - 335 words
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Article, Illustration349 2002-05-22 20 BRUSSELS Central bank may boost interest rates to fight European inflation which reached 2.4% in April Bloomberg Reuters EUROPEAN Central Bank president Wim Duisenberg yesterday said inflation is surpassing the bank's expectations, suggesting that the ECB may boost interest rates for the first timeBloomberg; Reuters - 349 words
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Article, Illustration301 2002-05-22 20 TOKYO Members also said Japan should end borrowing binge Bloomberg JAPAN should cut personal income taxes and offer companies tax credits to help pull the economy out of recession, members of Prime Minister Junichiro Koizumi's economic panel said yesterday. The government needs to lower taxBloomberg; AP - 301 words
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203 2002-05-22 20 FRANKFURT Reuters THE global economy, led by the United States, bottomed out last winter but the US economy is also a source of key risks to the worldwide upswing, the Bundesbank said yesterday. The German central bank also said in its May monthly reportReuters - 203 words
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WORLD Watch
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76 2002-05-22 20 Gold fires to 27 month fixing high Reuters [LONDON] Gold vaulted to its highest fix in more than two years yesterday, as investors continued to turn their backs on US dollar assets and searched for protection in case tension in the Middle East or Indian subcontinent escalates. Gold was setReuters - 76 words
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83 2002-05-22 20 Bloomberg [PARIS] Vivendi Universal shares rose as much as 6 per cent in early European trading on speculation the world's second largest media company could be broken up and sold. The stock gained 1.9 euros to 33.85, valuing the company at 36.8Bloomberg - 83 words
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90 2002-05-22 20 Bloomberg [wej w YUKK.J Citigroup Inc has set up a foreign exchange trading system with Instinet Group Inc. The new venture, to be called Instinet FX Cross, will make anonymous trades of large amounts of currencies at a preset price twice a day, the companiesBloomberg - 90 words
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Article53 2002-05-22 20 Reuters lo u hNUb AIRES] Argentina's hopes of winning vital IMF aid faltered on Monday as its largest province of Buenos Aires back-tracked on vows to slash spending and the government takeover of three French-controlled banks fanned fears the financial system could be closer toReuters - 53 words
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543 2002-05-22 22 FRANKFURT New Swiss CEO takes over; over half of new exco are non-Germans NYT TEN years ago, it never would have occurred to anyone that a Swiss citizen could end up running a German powerhouse like Deutsche Bank. Today, theNYT - 543 words
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Article, Illustration941 2002-05-22 19 date: May 21 BMmHCIOmiTBg I. «S>, h N. iS lw £r m s; ss s s ssss; s 2 ssssr j »•—»•«<»» 0« 0.,* 0i9» oS Jg o~ iS oS i£ ?X iS^-' 7 M5 L662 1.42) 7.639 6J42 2.040 7.179 45.091 83.190 1156 ***** 34* WSSSSAS ?2 4941 words
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Article1705 2002-05-22 19 SICO* FUTURES y ay2 RUBBER Futures (Closing prices) BSSKScwbAg) close Volume OpM Mowt<> H> Low Sett (tonnes) Interest Jun02 ***** Jul 02 126 oo Aug 02 126.00 02 127.00 RSS3(UScmts/kq) Volume Open Mowt Ht 9" Low Sett (towns) Interest JunM 7 7025 650 Ju» 02 69.50 69.00 70.00 11501,705 words
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Article4722 2002-05-22 20 Transaction date: May 21 for mare, go to ivwu 'jasimmen marketsjcom HONG KONG HysanDev 8 50 *35 1286 *•< mterchma Hldgs V06 unch ***** W- "888 Inrl Bank of Asia .2.05 -0 05 2028 Regent Group 0i5 -0.01 2467 AcrossAsiaMUtomedia. 020 unch 8653 KG Holdings .5.10 035 33924,722 words
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Page 20 Advertisements
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Advertisement35 2002-05-22 20 De -stress your mind and Lody Not to mention your wallet. s*" Special Island Getaway Rates yy^» from L Ss29o onwards Make online reservations *11 c*om/island<3etawav BANYAN TREE Prices valid till 31October 2002 Oonditiaiis apply.35 words
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Article2391 2002-05-22 21 Transaction date: May 21 B KUALA LUMPUR Eraser Weave 3.70 002 14 Vq| FS8M 220 -001 1 DM COOO) FW Industries 0.33 unch 12 Gadanq 149 -010 9 A&MReatty US 001 11 Gamudb 6 SO unch 828 Abric 1.79 -0 04 184 GanadCorp 1.05 -003 9 ACP Industries 3.402,391 words
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Article852 2002-05-22 21 Transaction date: May 21 Q— an awl— i OM oiavt C*C 0 48 4.920 4.020 NatSted 50c 02S 1.610 *0260 Sy t Jnd ,J 03C 970 12.900 *0100 Chart SemCond 26c 161 4290 *0060 OUI 0 51 7150 C*y Da* SOt 241 6 650 Partway M 25c 034 0*75852 words
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Article634 2002-05-22 21 BONDS WARRANTS Laat MCm bar "wT *2(2 Ml *m- WWh Mw %«iiHh u* AST1WW***** JO !*Kt\ 15 1 16 2 1 50 25 AcmaUdlMMtllA J 1 SO 458 117 30 Amtck W0S0610 _.j«13 mti 90 1 ]3 4 1.46 37 Armstrong VW40S20 AS 1 40 1 10 26 2.56 24634 words
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Advertisement251 2002-05-22 21 Where to wine, dine and entertain... ""tgsm S IMB www^iinersxonLsg Buffet Buffet High Tea Lunch Dinner s*. sunaixi MontoFn Nightly PuMk Holiday 12 noon -2 pm eJOpm-lOpm 2 noon 4.30 pm Adult: $lU9*" Adult: $15JO" AJ tIJI u rtu Adult: $I4JM*** Child t4 -12 mi: Child i-» -12 yr.i: $10.10*"251 words
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Advertisement152 2002-05-22 21 >- Thai Flavours from the South 3 19 June 2002 Make a date with native chefs fnmi Knibi An exciting culinary journey to the southern province on Thailand's Andaman seaboard awaits you with their hometown specials' Buffet Lunch (Moo Fri) Buffet Dinner (Mod Sun) $24.H0 per adult $32.80 per adult152 words
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Advertisement128 2002-05-22 21 Be the first to sample our Fiesta Buffet Lunch! Indulge in fresh oysters, smoked salmon, grouper and tuna loin, sushi and maki Main courses, including pasta, various seafood and meats, are served piping hot at the open kitchen. From 12 noon 2.30pm daily. Weekday price at $23 per adult and128 words
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Advertisement139 2002-05-22 21 CI Food \\4ne Gastronomy jf 22 May to 2 June 2002 Come, unveil the beauty of Burgundy at Top of the M' Revoking Restaurant Creative Set Lunch $35+++ per person J 4-course Set Dinner $82+++ per person Ifin (served with a glass of wine) _|jr 6-course Gastronomy $118+++ per person139 words
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Advertisement74 2002-05-22 21 JmmA 10th Anniversary Promotion FREE SUCKUIiG PIC WORTH $i2Q terms S Commons Vakd upon spending at 1298 *nd Hxyre on food items *na set mails Hex jpptutHf mKP ottier promotion* otfer\ drscountsma pmeeges Lmrted to one redemption per ut* per M •Vikdßil JutfXXU tesempon s reqund Mm Basement level Chinatown74 words
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Article4131 2002-05-22 22 Transaction date: May 21 for live prices, log on to uwwjasiaoriemarketsjcom g HI Day UMQmti Grow Mv GrVW IM MCa WUn U» Cmtfamg M» w P*** <■» t— —tm M» Cw PB tjj w3 9 6 ABNAmroNLG SCc 9 12 34 1* 1 s 5 5461 22 214,131 words
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Article64 2002-05-22 22 -I «2 -J. f5L mST 1 I** Of**- M -Cm Mtaf L ""gl It CM> U» ->» Mhr Cw K «3 wg 1*0 40 i Dtjmond* U59M0ad UK XX s ISOJUSTceti USMOOcd 575 *40 s IS MSO Spore US575 ***** *W i rSSAPSOO USNMOcd 1J150 W50 s SPUtS64 words
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Article1127 2002-05-22 22 <-ri g ■> a 5"; s'sfa «< v t 9 S< «05 105 1* 175 17.5 1« H7 %&\Z2Sir==2S'V 2 2 U S "A "t 'S 12 U S? »ig!=y is 5 U 2? "4 25 V n l s 1 5? "2 J 2 lit "4 JS1,127 words
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Article364 2002-05-22 22 JSf .uwqwy Cf«. Mr CrTU M MCj. H* W- W U» 8»yw Mhr C«T Wf _j3 105 II AV Jennings 100A 102cd 44 102 100 100 102 38 17 93 75 2US US <0 AVJemngi A25c A lOlcd 1 686 10B 100 101 102 40 M 99 5.9364 words
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Page 22 Miscellaneous
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Miscellaneous168 2002-05-22 22 CRYPTIC CROSSWORD 26 6 Ring one gent to cancel en- cast (5) ksseskl ,ES' m o6 24 Z£*%r amaa 28 Sober individual pu in oma- 8 negotiate /^^stZSIL mental fabric by window (7) again(7) DOWN 14 Nothing in Hercules" disposi- soons, 12 Rapids 13 Slug, 15 1 Owns snowmobile, yet168 words
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PERSONAL investment
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Article, Illustration798 2002-05-22 23 Genevieve Cua - Byi Genevieve Cua TO anticipate your need for healthcare coverage, surely a pillar in financial planning, you should step back and review the "pieces of cover" you already have, as Cornerstone Planners managing director Michael Lee says. You should also recognise, says i-Benefits directorFILE PHOTO - 798 words
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Article981 2002-05-22 23 Robert Halili - markets By] Robert Halili The writer is managing director of Asia Insider. He is assisted by Ngia Soon Chai AFTER reaching a mid-week high of 1,747.32 points on May 15, the Straits Times Index closed lower at 1,724.57 points on Monday. This is down slightly981 words
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Page 23 Advertisements
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Advertisement26 2002-05-22 23 Bya|fl > Cannot missSfl waatujgmif^• car rentals. i^J STREET, #01-01 TAN CHONG TOWER. SINGAPORE *****7 FAX: 6334 4477. mob,u hna d9^7BB9B w,cEt^RsMwF i9AM6fM;sAT9AM 3pM —t? iy ,^^l26 words
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Advertisement773 2002-05-22 23 SINGAPORE ACADEMY TRAINING ARM OF THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF SINGAPORE J presents Taxation Workshop on Business Implications Arising from The Proposed Corporate I Tax Reforms (Budget 2002) Workshop Objective This workshop is designed to provide a broad analysis of the potential corporate tax costs or benefits to773 words
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EXECUTIVE money
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Article1224 2002-05-22 24 GENEVIEVE CUA - Misconceptions about insurance coverage could leave many saddled with large bills well beyond their ability to pay, reports oiamvmvn cua GENEVIEVE CUA HOW much medical insurance is enough? This is probably a question that comes up most frequently among those who seek advice on medical protection.1,224 words
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Article, Illustration782 2002-05-22 24 genevieve cua - -J I comment YOUR MONEY HMediShield is to be groomed as a nationwide portable medical scheme, its shortcomings have to be addressed first genevieve cua HEALTH Minister Lim Hng Kiang's announcement in Parliament on Monday that major changes are afoot for Medisave and MediShield bears782 words
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Advertisement221 2002-05-22 24 fj. r .fe 'r V A v "/*''•>?* f. 0W y :i T ft /7 fin nf:• I >♦• -■*>y. -C*Bv3m?Sl' t f /'S&t''-*,'' jtT v&* j /v- dHKii;; /r. 'Af' €hi---r v;a -<»*'' Under v > 0M r ,nf J l!|Vfi beyond ttx* short l(*rm fkn jr«»s B<»(.ius«'d good221 words
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BANKING & FINANCE
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Article, Illustration631 2002-05-22 25 Catherine Ong - -By Catherine Ong THAT'S the challenge for Singapore's financial industry today as the worst recession since Independence conspired with sluggish regional economies to drive down business. The outlook has not been so murky for years. Layoffs, rising loan defaults, a moribund capital market and foreign bank631 words
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Article, Illustration2546 2002-05-22 26 CATHERINE ONG - John Palmer, the former superintendent of financial institutions at Canada's Office of the Superintendent of Financial Institutions, joined the Monetary Authority of Singapore as deputy managing director on Feb 1. In his first media interview here, he and Teo Swee Lian, MAS head for planning, policy2,546 words
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Article, Illustration1414 2002-05-22 28 SIOW LI SEN - Do you have the guts and gumption to come up with products that will grab new customers? Can you give what it takes to keep your customer? Are you prepared for guerilla tactics? Slow Li sen rounds up retail bankers playing the hottest1,414 words
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Article, Illustration825 2002-05-22 29 CATHERINE ONG - The integration of UOB and OUB is a closely-watched exercise in how to merge two banks. Catherine ong checks on the progress CATHERINE ONG UNITED Overseas Bank's $10-billion takeover of Overseas Union Bank last year was the largest in-market merger in Singapore's banking industry. Clinching the825 words
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Article, Illustration832 2002-05-22 29 CATHERINE ONG - Catherine ong takes a class in merger strategies CATHERINE ONG BE warned. Mergers are frightening things. According to surveys in the US, a full 83 per cent of them fail to boost shareholder wealth. More than half, 53 per cent, actually reduce iti And the headache832 words
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Article, Illustration1220 2002-05-22 30 CATHERINE ONG - With loan products becoming more like commodities, how does a bank distinguish itself from its competition? For OCBC's corporate banking head, the answer is to build the product around the customer not sell it to him. CATHERINE ONC finds out more CATHERINE ONG AS head of corporate1,220 words
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Article, Illustration1100 2002-05-22 31 CATHERINE ONG - With loan margins thin and borrowers holding back, the customer has never been more important in corporate banking, as Catherine ong discovers CATHERINE ONG MONEY is cheap and the bread-and-butter of corporate banking has gone stale. Since the Asian currency crisis, loan default rates have caused banks1,100 words
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Article, Illustration664 2002-05-22 31 CATHERINE ONG - Corporate bankers arid investment bankers: never the twain shall meet? CATHERINE ONG looks at the Citibank experience CATHERINE ONG SUNIL Sreenivasan, Citibank's country corporate chief, said they not only dress differently, they "act differently, get paid differently, think differently". The culture clash between corporate bankers and664 words
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Article, Illustration1228 2002-05-22 32 CATHERINE ONG - Downsizing by big-name institutions seems to have shrunk Singapore's investment banking community, while tne pool of jumbo deals has dried up following last year's bumper M&A crop. Catherine ong finds out what lies ahead CATHERINE ONG CONSIDERING that Wall Street investment bank Goldman Sachs did not even haveSource: UBS Warborg a-stirmales - 1,228 words
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Article, Illustration976 2002-05-22 34 CATHERINE ONG - The Citi that never sleeps is about to get even bigger, as the bank prepares to expand its transaction processing operation. Catherine ong reports CATHERINE ONG IN A spanking new office block in suburban Tampines, the seed of an idea that could transform Citigroup from976 words
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Article, Illustration1024 2002-05-22 35 QUAK HIANG WHAI - In an age of consolidation, banks are going all out to distinguish themselves in a market that has to date been dictated by pricing.QUAK hianc whai looks at how they're playing the name game QUAK HIANG WHAI REBRANDING is the name of the game right now,1,024 words
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Article, Illustration1551 2002-05-22 36 CATHERINE ONG - Brian Pitman, who drove Lloyds TSB from a bloated clearing bank to a highly profitable retail bank, talks to Catherine onc about the philosophy that led to his as well as the bank's success CATHERINE ONG IN 17 years as chief executive and1,551 words
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Article, Illustration1549 2002-05-22 37 CATHERINE ONG - In a rapidly-evolving financial universe, the Singapore Exchange faces the twin challenges of competition and accountability. Catherine ong catches up with CEO Thomas Kloet CATHERINE ONG FROM his 29th floor office in Shenton Way, Thomas Kloet keeps his finger on the pulse on one of Singapore's largest industries.1,549 words
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Article, Illustration1017 2002-05-22 38 CATHERINE ONG - Singapore's rigorous banking secrecy laws make it an ideal haven for those with deep pockets. Catherine ***** reports on an industry that has grown quickly and quietly in recent years CATHERINE ONG WALK into the lobby of 2 Raffles Link and you will find yourself1,017 words
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Article363 2002-05-22 38 THE super rich have never been more pampered. Private bankers are offering them a cornucopia of stocks and bonds, commodities and futures contacts, options and derivatives, from scores of different countries and markets around the world. But that doesn't mean they are pushing products down363 words
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Article, Illustration1137 2002-05-22 40 GERRIT Q ANDERSON - Under threat from technological advances and liberalisation, banks need to make strategic changes to the way they conduct their payments business to remain viable. GERRIT Q ANDERSON has some suggestions GERRIT Q ANDERSON The writer is is the industry leader of Deloitte Consulting's Financial Services Practice in South-eastREUTERS - 1,137 words
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Article1326 2002-05-22 41 TAN WEE KHIM - More hedge funds are likely to be set uf in the region, thanks to heightened investor interest and greater market access, tan wee khim highlights some issues H for new entrants TAN WEE KHIM The writer is is a partner with Ernst Young Singapore HEDGE1,326 words
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Article, Illustration709 2002-05-22 42 YUWA HEDRICK-WONG - Banks are getting bigger and smaller at the same time, and the mid-size, all-purpose Asian bank must evolve to fit, says yuwahedrick-womc YUWA HEDRICK-WONG The writer is Asia Pacific economic adviser, MasterCard International AT the dawn of the 21st century, the banking industry is undergoing cataclysmic change.AFP - 709 words
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Article212 2002-05-22 42 Shift from loans 1996-1996 BANK CORPORATE EQUITY VENTURE 199&-1989 LOANS DEBT tSSUtS CAPITA ,1 I I Japan -18JO -6JO |*23.0 *10 Korea -16.0 -3.0 +18.0 +1.0 Singapore -7.0 *03 KJ Australia -10 -0.6 +2.0 +1.6 Samx im i— awmndm— athwo Saurce: Respectne central banks and ministries of212 words
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Article, Illustration750 2002-05-22 42 PATRICK KAY - As QFBs here start to challenge the status quo, local banks will neea to think out of the box, says PATRICK KAY PATRICK KAY The writer is a principal consultant, financial services. East Asia, PwC Consulting. THE traditional disadvantages of being a foreign retail bank in750 words
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Article, Illustration1114 2002-05-22 44 JOHN CALVERLEY - As the story goes, healthy growth and low interest rates make for limited gains in mature markets, writes johm calverley JOHN CALVERLEY The writer is chief economist, American Express Bank DESPITE the global upswing, inflation is likely to remain relatively low in coming years. DeflationAFP PHOTOS - 1,114 words
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Article, Illustration1165 2002-05-22 45 EDDIE TOH - Despite post-merger pains, Malaysian banks are expected to post stronger earnings growth in the next two years, eddie toh has the health report EDDIE TOH The writer isBT'sKL Correspondent MALAYSIAN banks have become much bigger as a result of industrywide consolidation in the last two years but someFILE PHOTO; THE STAR - 1,165 words
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Article, Illustration1159 2002-05-22 46 SHOEB KAGDA - Indonesia's smaller banks are enjoying a revival as their larger counterparts languish under financial and regulatory woes. And they have the SMEs to thank for their new lease of life. shoeb k acda elaborates SHOEB KAGDA The writer isßT's Jakarta correspondent INDONESIA'S recent economic revival, supportedFILE PHOTO - 1,159 words
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Article, Illustration1203 2002-05-22 48 AUDREY TAN - While analysts have their reservations about the outlook of HK banks, impending listings of Standard Chartered and Bank of China in H2 are expected to spice things up. Audreytam finds out more AUDREY TAN The writer is BT's Hong Kong correspondent HONG Kong banks will continue to grappleFILE PHOTO - 1,203 words
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1346 2002-05-22 48 ANTHONY ROWLEY - Byi ANTHONY ROWLEY The writer is BT's Tokyo correspondent DETERMINING the size of the bad debts in Japan's banking system has been little more than a guessing game for many years with financial regulators insisting that the amount is manageable while private analysts argued1,346 words
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Article, Illustration670 2002-05-22 49 HARISH MEHTA - Thai banks are set for a turnaround after four years of troubles. But excess liquidity and NPLs are seen dogging the sector, harish mehta reports HARISH MEHTA The writer is BT's Bangkok correspondent CALL it Banking 101. If there was one painful lesson that Thailand's banks haveAP - 670 words
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Article, Illustration524 2002-05-22 50 Heinz Werner Frings, Cathryn J Carlson - By Heinz Werner Frings, Cathryn J Carlson HOW important is project finance likely to be in the Asian context over the coming years? We have learned that, while project finance is appropriate for many types of investment projects in terms of structure, due to itsSource: Project Finance International, Issue 223, Jan 23, 2002 - 524 words
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Article, Illustration943 2002-05-22 50 HEINZ WERNER FRINGS; CATHRYN J CARLSON - How does a project finance loan differ from a normal corporate loan and what do bankers look at before financing a project? heimz wermer frimcs and cathryn j carlsom have the checklist HEINZ WERNER FRINGS and CATHRYN J CARLSON POWER plants, gas pipelines, tollFILE PHOTO - 943 words
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Article, Illustration997 2002-05-22 51 DOMINIC NIXON - Wea i h H m L n age i ment is the h ot new buzzword here but those in the game must sharpen service, products and technology, suggests dominic nixon, who draws on the experience of the US and Europe DOMINIC NIXON The writer997 words
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Advertisement280 2002-05-22 25 Il VWmym CMift't control: l How you invest your CPF money I BL^ II Make the most of your CPF investment with iPlan from HSBC. I At HSBC, we understand people like to make their own decisions. From understanding of local culture, consumer behaviour and market environment. I how much280 words
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Advertisement33 2002-05-22 25 MAS report card Pg2 Merger pain and gain Pg 5 Woes of corporate bankers Eg 7 What keeps SGX chief up nights Pg 13 Hush-hush and thriving Pgl4 Snapshot of region pg 21-2533 words
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Advertisement233 2002-05-22 26 RISK MANAGEMENT "...a new and emerging force in the effective management of a successful business..." One way of looking to the future is to look to the past for lessons. In the 60s an effective management tool emerged called project management'. It was narrowly focused implemented mainly by engineers in233 words
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Advertisement242 2002-05-22 27 MtiUr' .{&L *>'. »I#V"*SV M isi» V A v -v ••if- ||L .> V SX',*- -V Of 'f '-i V '-'A/O "-"5, *7 1 v N V"- f..-: ,-v....-s.. ;-s-.. -^Vv-.-;."' -> WM-- :V-V:C'> Y.. •••'.> .VV.s" V- e.- >>> rcT'-'-.^.A% 4 v ;vv'-.-": ...-'•;w--'•/\ V• A .;> s •<•242 words
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Advertisement170 2002-05-22 28 When software lets you quickly capitalize on new customer opportunities, that's business with .NET. Talking about what customers want is one thing. Discovering exactly what they want and deriving revenue from those wants, of course, is the real goal. .NET connected software from Microsoft connects you with all your customer170 words
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Advertisement341 2002-05-22 29 Some things in life are simple i > vhmi J J^jjSm Protect yourself Invest your wealth Save for the Future ~&&ZS and Stand a chance to win a new Mitsubishi SUV! Enjoy the rewards of taking care of your family's health, wealth, and well-being and get a chance to win341 words
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Advertisement22 2002-05-22 30 l M Thev sav do flics maketh the /nun |jl I I defines the ironum. flB iiM A .jrnzMmtmm \t| jjjKvF H22 words
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Advertisement52 2002-05-22 31 Project Finance Manager Forward Dealer Credit Risk Management Officer Trade Finance Executives Compliance Officer Risk Management Officer Credit Analyst Operation Manager Financial Analyst Private Banking Executives Treasury Officer IT Officers Forex Dealer Finance Staffing Plaza Anson Singapore *****3 I Wf W 11 I*lf Tel: 6226-3113 Fax:6226-1788 A KELLY SERVICES COMPANY52 words
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Advertisement142 2002-05-22 35 W* *W. w~" I .J|^H k workinr hor -IH^I 1 WUIM,, 9 lifiuier ■E:' M financial solutions *■*I*. ;*B&J IVw®! 2»BH6JF*** -*fc '0 -</^li^H^^H .fi > v. /4Mb i^—— i^B fife ■p f" v ;^^H i^M^isi l^^B y < 4 SM| i> il^^H jJB JH if niMT P «9 y.142 words
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Advertisement199 2002-05-22 36 yourbusiness growth... withthe nghtfjnandng. In today's competitive important to stay acumen a you also need financing can your E. Sjf we can provide your company with cash advances of up to 90% Ql m against your accounts receivable under a credit facility called factoring. As part of the service, we199 words
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Advertisement191 2002-05-22 37 againstbaddebts... wepayyouifyour customersdon't. a your one or more M customers going you are trying to grow J from losses a nonrecourse factoring facility. When factor your we M accept the risk of your customers' default/insolvency up to an agreed limit M P art e facilit Y' we a,so take over191 words
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Advertisement60 2002-05-22 38 agr 4>t. ,r H i f-* y'*^— Wr *Br V Jr .y. •f' j£- v >; F 7 f V I jum 7 fljMtffl ji|g3p p- Ptih oS^I?i^^HM|HBHHBr 'it m HRSf i iiIHHI^B K \Bl >■ .•:;;"\-»s; Todayjs hisfirst day ||f^ ,i Mft k ;'l II jk •>*. IB II60 words
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Advertisement16 2002-05-22 39 LOSING SLEEP over your investment? Af. s*> C *OR H I > v > m w i MB16 words
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Advertisement148 2002-05-22 42 We Create Impact With Our Rates Why not take advantage of Favourable interest rates? Switch to the National Australia Bank Multi-Currency Deposit Account and enjoy our competitive interest rates. And that is not all; you can also enjoy our attractive Property Loan Rates. So hurry and call our Client Relationship148 words
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Advertisement222 2002-05-22 42 PHILLIP SECURITIES Your partner in finance If you can provide answers to these questions, you are the one we have been searching for. "How should I save for my future needs?" an '"deP"* l Financial Advisor, you provide useful financial advice to clients through our wide HllfL 1 L 1222 words
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Advertisement983 2002-05-22 43 Your Personal Fund Manager Here are some stark realities facing the individual inves- g33B|9y" j tor in Singapore. The average return on the Singapore >*||9 gcM9|HH stockmarket over the last ten years was about 9 per v cent. There is some $145 billion sitting idly in fixed deposits and savings983 words
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Advertisement153 2002-05-22 44 t IK fc I l l »f Jfa*g| Manchester [>3 Business School Forward thinking Manchester Business School MBA A Manchester Business School MBA opens doors to new career opportunities and MBA for Engineering accelerates your progress to the ranks of senior management. Business Managers Now, thanks to two unique MBAs153 words
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Advertisement92 2002-05-22 44 premier Th oi brings back popular promotional dishes. With your kind support, Premier Thai brings back once again, your favorite dishes at promotional prices! For Innovative Thai Teochew Cuisine, come down to Premier Thai Traditions today. A. Fried Minced Chicken wrapped in Yam Stripes $6.80++ B. Superior Shark's Ftn with92 words
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Advertisement125 2002-05-22 45 F" ■BBBB&s isfHim >P I HIB «Kv Njp 9«HMMiRP9KttMI Kr rMM, V '<■ ■■1® iji WPmP r -sspaj lk\ lllfo* i /JR t t*>« v i EsV^B i Bn v, V *H» W<* U {A) WTOri>o (A) V '^^RHRj^^^mil A copt,voting look tKot worms the heort. Coupled with logically illustrotes125 words
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Advertisement283 2002-05-22 46 When it comes to a career in financial planning, some basically go for what the company represents it's size, clientele and even popularity. Others are swayed by the mere promise of opportunities, growth, training and so on. Most simply look for the products and services they can sell. Because lefs283 words
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Advertisement523 2002-05-22 46 SmertTlidinQ- wtwn to Cut Your Lomm Exchange Traded Funds and When to Ride the Bull Market Ratty Characteristics And Japan— Candlestick Charting Course Lev* Base TMng Strategies Course Level: Intermediate Tramer: Mr Gabnel Yap, CFA Trainer: Mr Gabriel Ysp. CPA Trainer. Mr Robert Tay Six 3-hr lectures on: 13 Jul523 words
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Advertisement213 2002-05-22 47 (BBfc irtui' i I lE® > !&8g i; IJBH^^V C agp*-. r. c > WATCH AT WILL WITH THE TIME SUP FUNCTION t.f. You've set the DVD Video Recorder to start recording at 9.00pm. But you're home by 9.15pm and you can't wait to catch the beginning. With Chasing Playback,213 words
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Advertisement63 2002-05-22 48 Custom made CYC shirts for $72. Your biggest decision will be how many. shiitmaking along with excellent value. Offer CYC the email and deliver outside Singapore xvJlt 24 RaffleS H tel Arcade Sin a P° rc *****9 Telephone 6336 3556 Fax 6338 5283 E mail cyccusiomshopopacific.net.sg www.cyccustomshop.com Open Mondays to63 words
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Advertisement219 2002-05-22 49 m. Q: Every client It different. I« every Strategy? m A There ti no one rule for investing. Today possibilities are enormous, especially the the 1 Q: Why should a wealthy person jft Citigroup Private 'v the outcome less assured. A relationship > ~i, that off*™ experienced guidance, proven t.219 words
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Advertisement76 2002-05-22 50 mi 11^■1 Sill V mk II i 1111 j t '1 MI t* v >n y. 11 fm ~1 Head Office Our Branches Cecil St 6 880 0688 Email: enquiry sbsi com. sg Ang Mo Kio 6 458 4222 Beach Road 6 292 1 459 Bedok 6 445 8255 A76 words
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Advertisement75 2002-05-22 51 Turn your back on time Ij I jF IlV\ 1 A iW Reverso has unique identity. Especially when we add the final touch. By engraving your initials on its pivoting case, we invite you to turn your Pack on time as elegantly as you face it. Enjoy the gesture. «Jaeger-leCoultre>75 words
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Advertisement1452 2002-05-22 52 Advertisement For example, if you prefer a higher return on your I j I I savings and at the same time have a higher I "V* 1 V tolerance for risk, you may want to choose Profile JL 1 J B 5 Dynamic Growth, which is 100% invested into the1,452 words
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SHIPPING TIMES
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Article260 2002-05-22 53 Reuters THE Baltic Dry Index (BDI) fell two points to 1,031, the Baltic Panamax Index (BPI) lost two points to 1,061, the Baltic Handymax Index (BHI) finned seven points to 7,786 and the Baltic Capesize Index (BCI) was down two points to 1,146. Medi Rotterdam (new build) 75,500Reuters - 260 words
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Article261 2002-05-22 53 MX IN w CWT Distribution—0.60 -0.03 2 ChuanHup 0.44 0.01 3156 Cosco Invastmant —0.23 -0.01 292 Frataht Unks 0.06 unch 25 GB Holdings 0.81 unch 0 IMC Holdtngs-HK —5.60 unch 0 Jaya Holdings 0_24 -0.01 727 KappalCorp 430 0.02 511 Kappai Marina 0.19 unch 762 KappalTaia 0.96 unch261 words
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515 2002-05-22 53 Beth Jinks - Conferences are weakened, lines face over-tonnage, security problems: MOL executive Reports by Beth Jinks [SINGAPORE] Globalisation has a "dark side" for container shipping, contributing to the weakening of conference agreements, over-tonnage and security problems, according to Mitsui OSK Lines (MOL) senior managing515 words
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Article, Illustration48 2002-05-22 53 [KEY LARGO, Florida] The sun sets over the upside-down hull of the Spiegel Grove. On Sunday, Key Largo Chamber of Commerce officials inked a contract with a South Florida-based salvage company in an effort to roll the ship upright or on its side. APAP - 48 words
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Article, Illustration335 2002-05-22 53 [SINGAPORE] The Victorian State Government has shelved plans to build a third container terminal at Australia's busiest port, saying Melbourne "is not yet ready to accommodate a third stevedore operator". However, the port is set to gain a deeper draftFILE PHOTO - 335 words
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144 2002-05-22 53 [SINGAPORE] Jurong Port will boost its annual container handling capacity to 660,000 TEUs by mid-year with the commissioning of three new post-panamax quay cranes and the introduction of an automated gate system. The growing port PSA Corporation's only Singapore competition for containerised144 words
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Article, Illustration358 2002-05-22 53 Globalisation will thrust rapid fthawg— npon shipping lines: MOL executive [SINGAPORE] The liner shipping industry "could face a major shake-up" over the next two years as globalisation continues to force unprecedented changes, says MOL senior managing director Hiroyuki Sato. These events may take the358 words
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Article, Illustration808 2002-05-22 54 David Hughes - STRAIT TALK -By] David Hughes THE good news on piracy is that the hijacked tanker Han Wei was recovered last week. It was boarded by the Royal Thai Navy after investigations by the shipping crime agency International Maritime Bureau (1MB) had locatedFILE PHOTO - 808 words
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Article204 2002-05-22 54 FACE GUi* 10 A»«it to 0k *y to B'tangMa* S "«*>'' BSA 6 HaMburg-Sud 5 < BSC 10 "0*0" 9 < BTL 10 Heung-A 3 < CMACCM 3 HubUne 10 C0SC0 3 NUAl 10 Central Ei 4 Hyundai 4 Ctiahaya 10 HCont 4 ChmaSApg S l"*o« 9204 words
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Article13818 2002-05-22 58 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyaqe Telephone SIN Desfn Name Name Number Number SIN Dest'n None Nam fluKiii Maaber To ANTWERPEN (ANR) 2019 Bolgtum To ABIDJAN (ABJ) 2003 Cote O'lvolre n/OS R/06 MOL APL IRIS B7W 45******04 29/05 02/07 COSCO13,818 words
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SHIPS IN PORT
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Article804 2002-05-22 63 VoyMo Berth Arrival Dcparturt JM(M HQS HAMM 1* M 21/05/2:50 2WV1T40 i jo* wi>s/r«o 11 ***** joi ivnnx 21/ov*oo iowwwtuc «v«K jw mww 21/05/2040 TOITKA M7i JO7 21/0V115 23/05/140 1 3802 J03 2V0V9-I5 21/05/2240 IT TUBAS HAM ***** JOI 21/05/140 21/05/2340 ursmtruzn *****4 jm wovwo 21/05/1440 WIS PU1*A804 words
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Article1641 2002-05-22 63 RECEIVING Of EXPORT Fa CONTAINERS AND LCI CARGO ■eothii/Mmc* KstH a# V07 Ho Ett/Btr PirM from Jo fnm uamuth im ivam u IVBM MM ivmo mot man mm a WOW 22MH OWN a JVWOO 2MW tHM J tMW SMI WM 4 UA» U/MM O/IM 4* cmu« t m*m1,641 words
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Article171 2002-05-22 63 Mar2S Brunei: Prophet Muhammad'; Birthday Indonesia: Prophet Muhammad'; Birthday Malaysia: Prophet Muhammad'; Birthday May 26 Indonesia: Waisak Day Malaysia: Wesak Day Singapore: Vesak Day Thailand: Visakha Bucha Day May 27 UK: Spring Bank Holiday United States: Memorial Day May 31 Brunei: Anniversary of Royal Brunei Jul Malaysia: Birthday171 words
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Article794 2002-05-22 63 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 market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the794 words
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Article470 2002-05-22 63 180 Ma 990.9 03 173 0.06 52 0.04 Mot* DmJtv Motor IiiMii AsJUUmbMm Sotkoost NoMowE25 0 0 4 0 0 0 380 Aw 9«7.4 02 MJ 0.05 S 0J2 torn 380 Ho 99L3 0.6 19.0 0.09 53 0.04 M/IT1 »9A »M» W Ho Mow 635 2470 words
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AIR & LAND transport
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Article, Illustration634 2002-05-22 64 Carty moots mandatory arbitration if contract talks hit standstill Reuters [DALLAS] The head of the world's largest air carrier, American Airlines, said on Monday he wants a radical change in a decades-old labour law so that mandatory arbitration would take placeReuters; Bloomberg picture - 634 words
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334 2002-05-22 64 Talks could lead to Dragonair and Eva getting bigger market share Reuters [HONG KONG] Hong Kong will resume air talks with Taiwan this week and both are optimistic of striking a deal to expand flight services on Asia's most popular route byReuters - 334 words
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Article, Illustration309 2002-05-22 64 Finnish carrier expects demand to improve despite first quarter loss Reuters [HELSINKI] Finnish national carrier Finnair said yesterday it expected to make an operating profit in 2002 despite sliding to a first-quarter loss, due in part to weak business class demand as the sector slowdown continued.Reuters; FILE PHOTO - 309 words
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200 2002-05-22 64 AP [SEATTLE] A jury decided that aircraft builder Boeing Co and aerospace parts manufacturer Honeywell Inc are not liable for health problems suffered by 26 current and former Alaska Airlines flight attendants. The attendants alleged that faulty aircraft and parts designs allowed toxic fumesAP - 200 words
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293 2002-05-22 64 Reuters [HOUSTON] Continental Airlines, the country's fifthlargest air carrier, said on Monday it will improve its coach-class food on transAtlantic flights, but plans to start charging international travellers who order liquor to help pay for the better meals. Houston-based Continental said it willReuters - 293 words
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Article, Illustration216 2002-05-22 64 Bloomberg (SYDNEY] Qantas Airways filled more of its available seats with paying passengers in March as Australia's largest airline increased domestic capacity by more than two-filths. Sydney-based Qantas filled 82.7 per cent of its seats in March, up from 74.9 per cent in theBloomberg; FILE PHOTO - 216 words
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154 2002-05-22 64 Bloomberg [SYDNEY] Qantas Airways, Australia's largest airline, said it entered into a 40-year lease agreement for a site at Brisbane airport to expand its maintenance operations there. The new heavy maintenance facility, which will be built on the 110,000 square-metre site, will initially employ 380Bloomberg - 154 words
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Article1738 2002-05-22 64 OTT fUBIT CI* FUQff CW HZ457J 1555 M***** 2305 MM W9771 *45 S***** 1555 S***** 2305 S0Z3Q nm MT3M WO UWTM 2350 Amt«r*a S023 0605 HUM 2225 U"™ 2350 6*975 1025 I MM 2B0 «U37 m r+mtm tmm m torn om mm S0348 QMS tmirtwi $08031,738 words
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Advertisement19 2002-05-22 53 Air Freight For more on the pick up in air cargo, read our Air Freight supplement on May 3019 words
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Advertisement335 2002-05-22 53 AMR chief wants labour law overhaul Back Page HK-Taipei deal to expand flights seen by June Back Page PRESS RELEASE ASIA WESTBOUND RATE AGREEMENT (AWRA) MEDITERRANEAN RATE AGREEMENT (MRA) Market Situation and Rate Restoration Following a long period of decline, overall cargo volumes in the Westbound trade have begun to335 words
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Advertisement578 2002-05-22 54 I TO USA/CANADA I I EXPORT I I OTHER DESTINATIONS I I TOAUSTRALIA(AUSTRALIAAMA EXPRESS) I OOtLWIBUKK 3701 21/05 1 22/051 07/ M I I/O* 12/0* 12/0* 12/ M 15/0* 00a HUM 51E22 2|/t)5l 21/K1 14/0* 11/0* 19/ M 11/0* 22/0* m m m OOQMBBU tlffl 04/0* I 06/ M I578 words
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Advertisement582 2002-05-22 54 services represented by g aHa *J Members of ihe Registry of Members of the Accrßcitecl Shipping Agents. Singapore logistics Shyping Associolion Associrtion QIM.YUNi.MUU vbsh vor lEn eu Tiu *U*IG SPORE MALE Princess lily 0502 05/06 06/06 14/06 Empress lify 0402 17/06 18/06 26/06 Princess Uly 0602 02/07 03/07 11/07 ULY582 words
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Advertisement1170 2002-05-22 55 TO EUROPE FROM EUROPE vcsa vorisw ni hm k sou um llvtssa |wr n m imi av sou i* sm tfIMME 107W 23/W 15/0612/0* 13/ M M/M tfIODBM WSK/UO/B OVB3O/W ZS/K ■cmroHMm ootw m/b m/m n/w m/m is/m mmmmm oosv/os m/b h/bu/bb/b HYUBMIFTOAL 337W 27/W 14/ M 1«/ M M/M1,170 words
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Advertisement1302 2002-05-22 55 MMCT CALL TO LOMKOU »U. 1711 MM MM L__ WIMSOOI »#l2-M SAUS/H6S IE; M2OSIS7/43 FAX. A *****21/24 MUUTIU MM Mwaiuiie COSTAR SNIPPING PTi LTD ootwamo/u mnjni «23t5325/7$ y ra. 07-jsmim fax: 17 *****70 01 NO: 1171/ffOOOM TIL *224 IW (MAM) MWAftS (D 0) *****714 ******U/4» T/SMP KPT M2OSS2S ******1*/4* CONVSmONAL1,302 words
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Advertisement508 2002-05-22 55 |»Bsa "wnriswifcu hkg sma i pus |wc vssa vo> sai hkg e usii res nc lUfltmtlll6 »71 [23/5 73/ PS VS W/S 31/5 Vt UKSWGATOK M7S ?V5 31/5 V* Vt 5/4 «/l MITCimAM »7M |»/5 30/5 Vt S/t 7/1 11/1 AQSAPHA 003W K/i W/S 31/5 OffC HONGKONG 707W It/7" 7/4508 words
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Advertisement1114 2002-05-22 56 HMNW* HYUNDAI MERCHANT MARINE CO., LTD. Hiaipni. wwwi—2l.cw aWO. *****H0HM TT aw iai wir "jjj" m vcsa vot vm "HT ~lts~ "aw" "wmT ~mT TT" MTratnM 30IW IJ/M M/M H/M M/M ■aSOUTOI NSi 2*/ M 77/ M 71/ M 23/ M 14/ M WW lt/»5 17/MM/M H/M ATI MS lltf1,114 words
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Advertisement934 2002-05-22 56 WAN HAI ONES (S) PTE LTD WIWAN HAI LINES T jaimWHiwnwLWHwmtßfcTOiawojiutwDjmTivmijß www waakai (M.U ■EWiWMi«roflWini»nM V n« unun l>«^lll4l4gPMJtl|4^ !S" w» uo m. an m m m mi mo m miwib hi »jvb m ii« tw Dim (vm "Si »o nnm own x% «v« a« imi iiai ■■■a n ti«i«934 words
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Advertisement485 2002-05-22 56 m WffiCLY EXPRESS SAIUHG SCHHXJLE ALSO ACCEPTOR TO ALL MOB THERM AMD WOTCTM ICO POMTI |mM6|<OUMMO| M.HMVAI fWBMO w eta/to eta/etb eta/ets eta/to eta/to HSMSm Mil 13 MAT 13 MOT If IHT HIHT BMT MjjMiaowßS lIW "I5T~n5T~W"imT~7m~ ipu/awu rwwi gm hit m SJW "7^j~ JgL_iJi s« im i;jw ism wmiMOWBS485 words
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Advertisement1118 2002-05-22 57 IVISSB. VOY KHH HKO I «N PKL 1 OXB RAN PMM MK ■AN ISFAHAN PCL-260 21/05 22/05 25/05 26/05 02/06 03/06 05/06 07/06 HAN HORAAOZOAN PCL-261 20/05 29/05 01/06 02/06 09/06 10/06 12/06 14/06 MAN TO4RAN PCL-262 04/06 05/06 00/06 09/06 16/06 17/06 19/06 21/06 M.V. UNDAVIA PCL 263 11/061,118 words
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Advertisement505 2002-05-22 57 KSJI UK CONTINENT SERVICE O Loading for DIMITRA RDM/ATW/BMN/UK/NAN MARYLAKI RDM/ATW/BMN/UK/NAN Lood» Sfcigopow. BAN. Milaya. Indoneaw MIDDLE-EAST SERVKE Loading tor AFRICA JDH/AQA HANOV DRAGON DBt/ABU/DOH/BRN/DMM/KWT TZANETIS DBI/ ABU/DOH/BRN/DM M/KWT MERIDIAN NAVIGATOR DBl/ABU/DOH/BRN/DM M/KWT LOK KRANTI DBl/ABU/DOH/BRN/DM M/KWT ■LomM SngapoTß. E7W MMoyan. Inrtonu— USA SEKVICE Loading tar KONAMAR CAM/NFK/SAV/NOL PAN DYNAMIC505 words
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Advertisement829 2002-05-22 57 JfBHl SSI SH !S! JfßSft VOT RSS *E&~ a/»i zvw~" mcwL 85 g£{— aasl as I i|M|H Lgsu I liii H§F=llft= YBSfli Ma in IB vesb mi m Wm g—s%—M- -ssss IbSE! 5 I M_UJ J®s& *21 91 m vissa vdt mm _imu nra 2145 a/is in mm ZSZT nTis829 words
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Advertisement104 2002-05-22 58 GUAM SAIPAN MICRONESIA PORTS MAJURO 1 n. ii ir"-'ir>'^r w^; |gj!.k'gyi II Jl I /ill I 1 I WM\ 1 11 nil /|i«|l| 111 ii M l| I^M—■ irr'ra-Tr?— EHHB W&gr tjic-i mm—re»7/ra mw-m EiZM EES ■ESI3 EffiU E3E3 ESfiSPTOwm Mill I—ll a es™ wrosi WMMM mrxnji mm hf/.>J M104 words
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Advertisement47 2002-05-22 58 O WINST/Ut SHIPPING PTE LTD TH: *****27? WL *****007 CI MO. **********0 C 4 S*p WMiy (Mm S«) 3 Sdkft Waddy (MM, WM. H) Lwinj 0 JwMf P*l Im** D (oMw Pwl [w t. D«W myioy ii mi Fa c—m, Cii Hud («|I Dew* to* PROJECT CARGO47 words
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Advertisement66 2002-05-22 61 RIPERUSAHAAN PBAMRAN KALIMANTAN DIRECT WEEKLY SERVICE TO j/uurrA/p/mwMWG/pmm 1 I \Nt b Iruiic Eai •tCMUMKI n/tl 24/H n/H R7i raran u/n wm —U7H —t*7h WMMII W7W P7W H7W —fnn SURAIATA/PANJAN6 »w w m m ts/ti Wis ~w7is i»7ir" PtIAWAMC/PttAN »AtU **"»< I I MMMIt rmMui n t M/M tJ/IS H/tf66 words
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Advertisement86 2002-05-22 61 FULL CONTAINER SERVICE SIN Pun QUDANO SIN DAILY SAILINGS [VESSEL I VOV I ETA FG I DAY I VOY I ETA SHI ~DfiY HWMWfcSS *****8 UWB IHU 2MOW HWB W »WM avrag| ffi iawn auM? w awn asm. j&saaa. ja_ |00U»I«1>W|H0U la/08/O?l «w 130IH 26/OMB «W UPC cargo ft Rnfar86 words
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Advertisement67 2002-05-22 61 SSS "mm /couwo/wii/armm r*a saurae ■mmlumu WAT ■v stm SMtfon ran—n/nm «A*T 17BAY u«—u/ Bl w snuratf OBMAi IMI CAI »M w—uasan) ■V TM SMGATOtf NUL MMUL 1 ant L*m PHOENIX SHIPPING rrv)i.i» VESSEL NAME VOY SPORE rMfflllrtM PHOENXI I 06WB 20/8 01/07 fS!S? nfl 22? 5* H*unton, Seychelles. Maurttm.67 words
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Advertisement56 2002-05-22 61 ETA ETD UMOMQ FOR TROPICAL ROSE IMIMOIS 20/00/2002 PHNOM PGW JIMS I—— JUN 3 OMH/30Q2 06AJV2002 PHNOM PBW A VUNGTAU (30 TON DERRICK AVAILABLE) THE NEW STRAITS SHIPPING CO. (PTE) LTD fl ANSON ROAD MMi AWO* MM NNOAPONE 0207 TEL: mnOO/UOBBai TLX RS2JIW FAX «BWB CW NO: H4aP*****8 Read Reviews56 words
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Advertisement57 2002-05-22 61 -A ESP LINES «W WfflPT LQ SatVKI TO LA6OS rasa SAUK WHTTTHURSDAY warn wmjmmmmmmmL eowvemomi/wtAMuu savig EttS* IMMKM mwr nrtviooi maimmum s?oh m. tmiwi nul tmnv pros 1& 1335U3 WL m/ 711 WEBymWSWGAPORE/VETBi—SBMCE rasas vot hi cn kstnathn AM GUJK 71 1/07 POST 74/05 QUMHON/NOI NOPIS 3/tt MPOKT 74/»S VUKTMI57 words
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Advertisement676 2002-05-22 62 —MM JHEBSUM IKaSNMI 179* K 25/05 31 -02/0* 07-01/ M I D6aiSUNO NOD 2129/05 04W0* 1111/04 I nttlKAll WIN 31 -01/0* 074)9/0* 14-15/0* I n»ino« n» 0405/0* 1113/0* im/ot I _Jj6asHAtt_ 913 M 07 01/0* 14 14/0* ?1 B VOT I* CAl^^sH^R timqjr Mi Wnm 1011/0* I Mtttura 4H* 25-25/05676 words
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Advertisement725 2002-05-22 62 VISSO. NAMf VOT SMGAFOtf PORT BUM OMSDS "A no eta tn ra no Q* sl lB l W 21/05 23/05 23/05 29/05 02/0* KWM 02W117 wa 22/05 23/05 24/05 20/05 01/0* 02/00 04/06 MIO HSMMG 00W032 WP 22/05 23/05 24/05 27? M 3UK 1 1 WWO27 SAT 25/05 20/05 27/05725 words
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Advertisement795 2002-05-22 62 I /MM I LllMcb mtak I W-»»*g1-SS** HUL M-*H7-«1W I asm nu a/os cuoo 2102 m/os aum ms cum ms 24/05 show ism a* sn* 2225 M/ts «a nw 20/05 c— »i«i »/os mm n<t 20/05 G6WB at* nm cuoo lm *1/04 cum na4 07/04 cum nat 07/04 in mi;795 words
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Advertisement152 2002-05-22 62 I rti IWillßlW BREAKBUIK A CONVENTIONAL SERVICE DIRECT SERVICE FROM STORE TO KARACHI I rasa wrm mmunu namuot~| iim is/n/w n/wn SEA-PAC MANAGEMENT Pit LTD. 70 Am Rood #17-07/06 Apw Tonw, fagtyw *****5 Talaphona: 6270 0977 \B focrimfa: 6275 2309 Talue tS ***** SEAPAC PMECT Sm NAMEO, DJ»JL KOREA msn152 words
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Page 63 Miscellaneous
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Miscellaneous122 2002-05-22 63 LEGEND: Issued by Meteorological Service Singapore K Thunderstorm A Showers X\ Rain n^?K a,Ure C (J Wind direction and speed in knots Cloudy Day Wea,her Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds I Slight, < 1.2 m j—»One half122 words
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