The Business Times, 8 December 1994
1994-12-08
1
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The Business Times
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Title Section12 1994-12-08 1 Business Times WE KNOW ASIA MITA(P) 010/12/93 fhursday December 8 1994 75*12 words
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2am LATEST
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Article102 1994-12-08 1 Bloomberg Business News, Reuter NEW YORK Blue-chip stocks fell yesterday, shaken by the bankruptcy filing by Orange County, California, and Federal Reserve chairman Alan Greenspan's warning on inflation. The county's filing for Chapter 9 bankruptcy late on Tuesday "may be just the tip of the iceberg,"Bloomberg Business News,; Reuter - 102 words
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Article164 1994-12-08 1 Stock market indices Wednesday Change STII 2.180.38 -6.69 KLSEComp 951.68 -2.00 Nikkei ,....19.174.23 -166.24 Hang Seng 8.268.50 -64.15 SET Index 1.330.35 -12.24 Jakarta Conip 462.33 -4.06 CLSA China B 967.70 4.14 Ausl All Ord 1.869.2 -22.0 FTSE 100 3.012.5 -3.6 Wednesday Previous I pm EST close Dow Jones164 words
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Article, Illustration676 1994-12-08 1 Leslie Lopez - Senior government officials sound warning From Leslie Lopez in JAKARTA INDONESIA'S banking sector, rocky at the best of times, is moving onto shaky ground as concerns mount over the rapid expansion of credit to the country's property sector. Investment analysts and real estate676 words
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405 1994-12-08 1 Leon Hadar - From Leon Hadar in WASHINGTON THE CLINTON administration plans to take action to prise open overseas markets for US financial institutions after a Treasury Department report which shows major barriers remain to their operations overseas. Japan. China. South Korea. Taiwan, and405 words
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483 1994-12-08 1 Shiv Taneja - By Shiv Taneja SINGAPORE LISTED construction group L&M Group Investments Ltd last night denied a Reuters report which said it has teamed up with RSP Architects, Planners Engineers Pte Ltd and India's Greaves Ltd and Maharastra state to build an industrial483 words
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482 1994-12-08 1 Reuter Bloomberg Business News WASHINGTON Federal Reserve Board chairman Alan Greenspan yesterday left the distinct impression that the Fed was not through raising interest rates when he said that the US economy's current pace of expansion was stronger than was anticipated earlierReuter; Bloomberg Business News - 482 words
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Article, Illustration369 1994-12-08 1 Bloomberg Business News TOKYO News that a calculation error had forced the world's biggest mutual fund to cancel a year-end payout sent jitters through some Asian stock markets as investors foresaw a wave of redemptions by the fund's holders. FidelityBloomberg Business News; Source: Bridge Info - 369 words
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Page 1 Advertisements
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Advertisement105 1994-12-08 1 Bu rberrys j MF'-D KJ JS&S®* Reigns when it pours See page 8 CONTENTS News Companies S'pore News 2 S pore-Msia 21.22.24 Regional News 3.4.6 Financial 27 World News 8 Features Markets Analysis 19 CJob/KLS£. SES 30-32 Editorial 18 R««»nal 28 Sports 17 World 29 TV Ufestyte 13 Currencies 27105 words
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Advertisement30 1994-12-08 1 Innovation: i*n is Mindef 2001: A high-tech military Mould maker Fu Yu plans IPO early next year, Pg 21 UK govt raises interest rates after defeat on VAT, Pg 2030 words
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Advertisement22 1994-12-08 1 Hock IxHik Siew: p K 21 Hi MAS head faces tough JlimJK Curbs on US finance firms in East Asia, Pg 822 words
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Advertisement105 1994-12-08 1 B UtC NtittonrJLine: p* 20 :tC»A rf~] EU come Jan I ID BRUNO MAGLI (F 1 "'W- SOLE AGENT: Manlex Marketing PTE Ltd Tel: 714 9696 Fax: 717 4(92 Boutiques: Centrepoint (*Ol-30 Tel 737 4509 Paragon By Sofo #01-19 Tel: 734 993S Open daily from 10.04 am to B.oopm Corners:105 words
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Advertisement17 1994-12-08 1 1 I L N E T T E Fed warns of price rises hitting consumers. Back Page17 words
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SINGAPORE NEWS
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EYE on the ECONOMY
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Article, Illustration389 1994-12-08 2 Ven Sreenivasan - By Ven Sreenivasan THE STRONG performance of the economy helped to ease business liquidity problems during the third quarter, judging by Central Provident Fund Board default rate figures for the period. Figures from the CPF Board show that only 1.13 per cent of the 96,731Source: CPF - 389 words
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330 1994-12-08 2 Claire Leow - By Claire Leow SINGAPORE would produce 53.5 billion worth of television and computer display tubes, related components and finished TV sets this year. Economic Development Board managing director Lim Swee Say said yesterday. Two-fifths of this would330 words
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Article, Illustration275 1994-12-08 2 SOLD to Mr Ng Scr Miang! Flanked by his son Chong Geng, 10, and eight-year-old daughter Xuan Ming, the ehairman of Trans-Island Bus Services (Tibs) was the top bidder at last night's Raffles Gala Christmas Tree Dinner and Auction. Despite275 words
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472 1994-12-08 2 THE National Trades Union Congress has denied Malaysian newspaper reports that its sec-retary-general Lim Boon Heng had talks with Malaysian labour chief Zainal Rampak on Malaysian workers being able to use their Central Provident Fund savings. The Dec 3472 words
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Article, Illustration264 1994-12-08 2 Michelle Low - By Michelle Low HIGH-END British retailer Mulberry is returning to Singapore to rebuild its business after having been dropped by previous distributor Gamut Trading last year. With new distributor Apparel Concepts, a Si.s million advertising campaign run by hotshot local agency Monsoon264 words
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237 1994-12-08 2 JAPANESE electronics giant Hitachi yesterday opened a new $7 million research and development centre in Jurong. The 3,500-sq m centre, staffed by 34 engineers, will support production of cathode ray tubes for television sets and computer monitors. The managing director of Hitachi Electronic237 words
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200 1994-12-08 2 THE Urban Redevelopment Authority has awarded 41 out of 43 shophouse parcels in Little India to the highest tenderers. at $700 to 1.800 per sq ft. It has also awarded eight out of 13 shophouse parcels at Prinsep and Bencoolen streets to200 words
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NEWS ROUNDUP
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62 1994-12-08 2 CENTRFPOINT has won the award for the best-decorated building this Christmas. It beat 25 rivals to take top prize for the second year running. The second prize went to Raffles City and the third prize to Liang Court. Ngee Ann City won the Best Newcomer Award62 words
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Article128 1994-12-08 2 THE Permanent Secretary for Labour, Moses Lee, has been appointed chairman of the Post OfTice Savings Bank board. He replaces Chuang Kwong Yong. The Finance Ministry said yesterday Mr Lee's appointment would run from Nov I this year to March 31, 1997. Mr Lee succeeded Mr Chuang128 words
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Article98 1994-12-08 2 Corrections Clarifications IN A report on Tuesday headlined "Two amendment bills tabled". Business limes said the Architects (Amendment) Bill and Professional Engineers (Amendment) Bill would require at least two-thirds of the equity in a firm to be held by registered professionals in the field. This is incorrect. The amendments will98 words
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Page 2 Advertisements
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Advertisement268 1994-12-08 2 For Home or Office deliveries of: Straits Times, Sunday Times, Business Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min, LianHe Wanßao call our Hotline 1800-749-2577. pi! i REALITY 750 A Chai Chee Industrial Park is ideally I located close to new towns, offering the t ff convenience of a268 words
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SOUTH-EAST ASIA
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466 1994-12-08 3 S N Vasuki - Refining. LNG PetrochemAsia 94 Reports by S N Vasuki ASIAN nations will need to invest US$l5O billion (SS22O billion) between now and the year 2010 in liquefied natural gas (LNG) facilities to meet the growing regional demand, Malaysia LNG Sdn Bhd466 words
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Article273 1994-12-08 3 CHINA'S decision to scrap price controls over liquefied petroleum gas has resulted in a dramatic increase in demand, with imports in the first eight months of 1994 registering a 124 per cent jump, an energy specialist with Xinhua News Agency said yesterday. Liu Haiying told273 words
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Article, Illustration31 1994-12-08 3 Reuter MANILA Filipino policemen dispersing thousands of militant students going to the US Embassy here yesterday during their rally against the General Agreement on Tariffs and Trade. RouterReuter - 31 words
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290 1994-12-08 3 Maggie Ford - From Maggie Ford in JAKARTA WORKERS in Indonesia are to receive a government mandated pay rise of 10 per cent next April and a new labour law is to be introduced, raising penalties for companies breaking labour regulations. Speaking to the290 words
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NOTE BOOK
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74 1994-12-08 3 AP YANGON A 30-member delegation of Singaporeans exploring investment opportunities in Myanmar has met senior economic and tourism officials, the Myanmar government reported yesterday. The official New Light of Myanmar Daily reported that the delegation, led by Khor Tong Meng. secretary of the Real EstateAP - 74 words
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78 1994-12-08 3 Reuter MANILA Philippine President Eidel Ramos assured prospective foreign investors that plans to turn a former US air base into an international airport would go ahead even though priority would be given to expanding Manila's existing airport. Mr Ramos told a newsReuter - 78 words
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85 1994-12-08 3 Bloomberg Business News HANOI Vietnam's State Committee For Cooperation and Investment, which licenses foreign investment here, asked for foreign money for 150 projects, the Vietnam Nws reported yesterday. Thirty-five involve agriculture: 27 are for light industry; 21 in construction, including 13 cement plants; 12Bloomberg Business News - 85 words
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58 1994-12-08 3 AFP KUALA LUMPUR Malaysia's laws will soon be amended to reintroduce English as a medium ol instruction in universities and other institutions of higher learning, education oflicials said yesterday. Prime Minister Mahathir Mohamad has advocated mastering English to deal more effectively in global aflairsAFP - 58 words
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259 1994-12-08 3 The Straits Times KUALA LUMPUR National Front Member of Parliament Shahidan Kassim, blaming newspaper reports for the poor performance of the Kuala Lumpur Stock Exchange, has urged police to investigate the foreign media and Malaysians who have links with them. SpeakingThe Straits Times - 259 words
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Page 3 Advertisements
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Advertisement105 1994-12-08 3 in «ii Our Local Time Deposits Are The Centre Of High Interest *A y H At a time when many other AW X forms of investment seem 0 f ~JLfi lacklustre, we are generating considerable interest in our SCD Fixed Time Deposits. From now till 31st January 1995, with just105 words
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CHINA/HONGKONG/TAIWAN
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394 1994-12-08 4 Bloomberg Business News HONGKON(i Tenant resistance is lowering retail rents across Hongkong, pushing them down from the heights reached in the economic boom of the past several years, analysts say. "You are seeing resistance to paying the astronomical rents they've been paying. It'sBloomberg Business News - 394 words
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Article, Illustration63 1994-12-08 4 AFP r w f BEIJING An old man leading his Bactrian camel past a Kentucky Fried C hicken outlet at touristy Badaling yesterday painting a contrasting scene that's becoming typical of reform-driven C hina. While the man walked resolutely away, his hoofedAFP - 63 words
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269 1994-12-08 4 AFP BtIJING The Agricultural Bank of China (ABC) has announced record savings of 825 billion yuan (SSI4I billion) at the end of November, making it the country's largest personal savings bank, a report said yesterday. According to ABC president Shi Jiliang. more thanAFP - 269 words
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CHINA WATCH
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134 1994-12-08 4 AFP BbIJING A top Chinese military official has dismissed as "totally groundless" the idea that a more powerful China in the future will pose a military threat to other Asian nations. "We have no intention of seeking hegemony abroad now. nor in theAFP - 134 words
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Article95 1994-12-08 4 HONGKONG US intelligence agencies are investigating reports that China has violated international arms-control agreements by selling missile components in the Middle Fast, the Far Eastern Economic Review reported in its latest issue. If the charges are confirmed, they could trigger the imposition of wideranging sanctions95 words
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98 1994-12-08 4 AFP HONGKONG Star TV is to launch a round-the-clock channel showing Filipino films under a joint venture with Manila-based entertainment firm Viva Group of Companies, the leading PanAsia satellite broadcaster said yestcrdav. The new scrvicc. called Viva Cinema, will start in the summer'of 1995AFP - 98 words
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Article72 1994-12-08 4 Reuter SHANGHAI China's richest province. Guangdong, has a minor currency crisis on its hands: it is running out of loose change. The problem is so acute that black marketeers there are ofl'ering 100 yuan notes (worth about S$ 17.50) for 85 yuan in change, the UnancialReuter - 72 words
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64 1994-12-08 4 AFP HLIJINCi McDonald's yesterday or>ened its second outlet in Shanghai, and already a third restaurant is being planned. N esterday's opening marked the company's 27th restaurant in ("hina. I he outlet is in a hustling business district in Shanghai. C hina s largest city, andAFP - 64 words
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Article120 1994-12-08 4 Reuter BKIJINC China will begin a nationwide pa> television channel, starling with 16 hours and extending to 24, the Science and Technology Daily said vesterday. It said the new channel, to be called the "home cinema", will start in June next year, broadcast b>Reuter - 120 words
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160 1994-12-08 4 AP BEIJING United States Transportation Secretary Federico Pena's visit to Taiwan was a serious violation of the agreements that established US-China relations, the Foreign Ministry said yesterday. Mr Pena's visit on Tuesday with Taiwan's President Lee Teng-hui was an indication of improved US-TaiwanAP - 160 words
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Page 4 Advertisements
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Advertisement388 1994-12-08 4 The Perfect Business Case. No Matter What Position Ibu'reln. 3' Quantum Focui* No matter more, this Quantum feature musician,CEO-Classic, Samsonite* Quantum* Milano. Just the are remarkably versatile. That's edge you need to because only Samsonite features work smart around the office, around an exclusive Smart Hinge,* which town or around388 words
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Advertisement70 1994-12-08 4 This announcement appears as a matter of record only KIATNAKIN FINANCE AND SECURITIES PUBLIC CO., LTD U5520,000,000 TERM LOAN FACILITY Lenders Asian Banking Corporation Bank Brussels Lambert, Singapore Branch Bank Bumiputra Malaysia Berhad, Singapore Branch Industrial Bank of Korea, Singapore Branch HYUNDAI International Merchant Bank The Royal Bank of Scotland70 words
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Page 5 Advertisements
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Advertisement52 1994-12-08 5 t An 18 Karat solid gold sports watch. Officially certified automatic chrono- I meter movement, scratch-resistant sapphire crystal, magnified date indicaV-- tor and water resistant to 200 meters, t ie new 6000 Gold. A rare blend. BE] Wrn" TAGHeuer SWISS MADE SINCE 1860 Ib w-v*< V= 01 f#t<m:*^** r m52 words
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REST OF ASIA
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461 1994-12-08 6 Reuter. Bloomberg Business News UPI TOKYO Former Japanese prime ministers Toshiki Kaifu and Tsutomu Hata as well as the head of a small centrist party yesterday declared themselves candidates to lead the country's new unified opposition party. New FrontierReuter.; Bloomberg Business News; UPI - 461 words
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220 1994-12-08 6 AFP TOKYO Popular support for the cabinet of Prime Minister Tomiichi Murayama fell 5 percentage points from three months ago to 29 per cent, a newspaper poll published yesterday showed. The decline was blamed on public resentment towards a planned consumption taxAFP - 220 words
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ASIA NOTES
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108 1994-12-08 6 Bloomberg Business News SfcOUL South Korean Finance Minister Park Jae Yoon said his government would soon open further its stock market to foreign investors and take other sweeping measures to liberalise the regulated financial industry. Mr Park, a former chief presidential aide for economic affairsBloomberg Business News - 108 words
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Article, Illustration57 1994-12-08 6 Reuter SEOUL A burst of flames shooting into the sky after an underground gas tank exploded in central Seoul yesterday. At least three people were killed and 46 injured after the blaze gutted a 15-store) building and 40 houses. It was the second gas blast in theReuter - 57 words
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Article110 1994-12-08 6 AFP TOKYO The Export-Import Bank of Japan yesterday announced a loan of up to L SS26 million to a Polish batten venture operated by Japan's Matsushita Electric Industrial Co Ltd and Dutch electronics giant Philips. The announcement, coinciding with a visit by Polish President LechAFP - 110 words
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109 1994-12-08 6 AFP TOKYO Japan's supreme court yesterday concluded hearings on the Lockheed case, the country's biggest bribery scandal since World War 11. with two defendants pleading not guilty after 18 years of litigation. It will give verdicts early next year on Toshio Enomoto. 68, formerAFP - 109 words
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100 1994-12-08 6 Knight-Ridder SEOUL The continuing appreciation of the South Korean won against the US dollar is acceptable and the government will continue to let market forcft TOtermine the exchange rate. South Korean Finance Minister Park Jae Yoon said yesterday. "Compared to the currencies of,oflrKnight-Ridder - 100 words
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Article, Illustration384 1994-12-08 6 Bloomberg Business News MELBOURNE Prime Minister Paul Keating said the Australian economy is overheating but he did not give any new clues what the government intends to do about it. "The Australian economy is growing at more than 6 per cent at the moment." heBloomberg Business News - 384 words
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Advertisement279 1994-12-08 6 e ,.s«y o^V *>.* a v *6® >** N \o< x e^ .*V Introducing OS/2 Warp the amazing new way to run your computer. ,tt OSAKA \A#/i rfP His |HD 5 w,n DO fv? Introducing i r "ffifiL OS/2 WARP B'v i' V .1 A The new 32-bit, I KO"**279 words
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Page 7 Advertisements
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Advertisement681 1994-12-08 7 *****111 l I II Hill I 1111 l I 111 111 ***** 111 111 111 111 111 II ***** l 111 111 111 111 1111 l 111 II A RAFFLES IMTRSATM>VM HOTEL BOWING TO PUBLIC PRESSURE, RAFFLES HOTEL OPENS A SINGLES BAR. Which imm e d lately. presents /i J681 words
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THE WORLD
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WORLD WATCH
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Article117 1994-12-08 8 Reuter BONN German Finance minister I'hco Waigel said the eastern German economy was growing at an annual rate ot 9.5 per cent at the end of September. In a contribution to the International Herald Tribune newspaper, Mr Waigel said eastern German industry grew at anReuter - 117 words
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125 1994-12-08 8 AFP JERUSALEM US President Bill Clinton has invited the group of countries which want to set up a Middle East development bank for talks in Washington from Jan 10 to 12. the Israeli foreign ministry ;wid on Tuesday. A ministry spokesman saidAFP - 125 words
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86 1994-12-08 8 Reuter WASHINGTON President Clinton and the ehief executive officers of 13 top companies on Tuesday launched a national programme to train high school students for better jobs. The CEOs, members of the National Employer Leadership Council (NELC), said they would implement School-to-Work programmes in theirReuter - 86 words
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Article111 1994-12-08 8 Reuter DUBAI Former Soviet leader Mikhail Gorbachev made clear yesterday he wished to replace Boris Yeltsin as Russian president, possibly in 1996 elections. "I pay a lot of attention to that subject and 1 cannot exclude that," he said when asked at a news conference aboutReuter - 111 words
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485 1994-12-08 8 NYT BRUSSELS The European Union is taking steps towards creating its first significant free-trade links with Latin America, in an effort to prevent the erosion of its markets there and to parry efforts by the United States to form a hugeNYT - 485 words
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261 1994-12-08 8 NYT LOS ANGELES Orange County. California, plagued by disastrous losses in its investment fund, has filed for bankruptcy protection to keep nervous lenders and investors from drawing money out of the troubled fund and compounding its problems. The filing is by far the largestNYT - 261 words
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313 1994-12-08 8 FT GENEVA The United States is expected this week to withdraw its threat to leave the General Agreement on Tariffs and Trade soon after the World Trade Organisation, Gatt's successor, comes into force on Jan 1. The move would haveFT - 313 words
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262 1994-12-08 8 AFP WASHINGTON The amount of money set aside by American workers to finance their retirement has fallen by 34 per cent during the past two years, according to a survey released on Tuesday by the Employers Council on Flexible Compensation. Ihe study, conductedAFP - 262 words
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358 1994-12-08 8 Leon Hadar - From Leon Hadar in WASHINGTON Till: US Treasury Department's report on foreign treatment of US financial institutions found curbs still existing in East Asian countries. In the area of banking. Singapore, Malaysia and Thailand have formal moratoria on the issuance358 words
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Article, Illustration52 1994-12-08 8 Reuter MOSCOW Gun merchants displaying their roAs at the arms section of the central market in Grozny on Tuesday. Grenades cost US$2O (5529.40), and kalashnikot automatic rifles go from ISS3OO up to LSSBOO. Business continues as usual in spite of the possibility of a RussianReuter - 52 words
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476 1994-12-08 8 Neil Behrmann - From Neil Behrmann in LONDON ASIAN institutions and individuals are significant investors in the new South African government's USSS(K) million (SS73O million) global bond issue, say underwriters of the issue. The dollar bond was launched yesterday at a spread of476 words
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Page 8 Advertisements
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Advertisement171 1994-12-08 8 Whenever you've a last minute rush, we're the first people to confact. As part of the world's largest international network of Business Service Centres, we provide quality printing, copying, colour copying, art and design and presentation services. Ring the number below for urgent action. Business Needs Prontaprint #03-01 A OUB171 words
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Advertisement51 1994-12-08 8 j4D HO CHl' MINH CITY j International Hotel A s #6S I OMNI Saigon Hotel A OSS j Saigon Floating Hotel A s 1 4DHANOI HERITAGE ~1128 i Apl htl Apt J \ljbu am—.ad,*iom 1 I AIRFARE PLUS VISA A I I STAMPING FEES UUW •Accommodation mvOabie in tOa or51 words
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Page 9 Advertisements
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Advertisement351 1994-12-08 9 THE ASIA-PACIFIC GROWTH FUND. A CLOSER LOOK AT THE PAST 3 YEARS. In 1992, the C.L. Asia-Pacific Growth Fund was made available But past performance cannot be the only criteria for considering through Citibank. The Fund has proven to be one of the best performers a fund. As in all351 words
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Page 10 Advertisements
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Advertisement20 1994-12-08 10 j&&ia^K^;ikvVj»'gMft^a!Ks«sreMSr^s£&: til Sm^jflHraflN— "'Mi V r^'jztoJf!^^^ i, J -v* i f flffPi V T f »^^flVvil^M^n^? l -ar B :^aWß^^^^Bß^Wß^g^20 words
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Page 11 Advertisements
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Advertisement1706 1994-12-08 11 Why is it, we're sometimes asked, that there Small is beautiful I* takes (our thousand perfect grapes to produce appears above the Martell logo, a depiction of a golden t f lnancia to J (stl l stn of Martell L Or. bird? A swallow, by its shape. cognac |n mo1,706 words
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Page 12 Advertisements
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Advertisement1354 1994-12-08 12 Nothing Beats A BudL where t w|ne ,ne an entertain NCi OK FRESPfI .PASTA DAI LY. W From Pasta Fresca. The only restaurant to make its own specialty pasta. Fresh, everyday. Savour perfect pizza, great gelati and terrific tiramisu. All topped with Italian hospitality. Pasta Fkko Oo Sotvator# pte ltd1,354 words
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LIFESTYLE
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Article, Illustration710 1994-12-08 13 Paul Majendie - Dick Francis tells Paul Majendie why his real-life drama as a jockey would never go into one of his thrillers Paul Majendie Reuter FOR Dick Francis, fact is stranger than fiction no one would ever believe him if he put his most heartbreaking defeat as aReuter - 710 words
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Article, Illustration476 1994-12-08 13 CHATTERBOX AFP UPI Reuter AP AP AFTER two days in court, actor Burt Reynolds and his exwife Loni Anderson finally reached an amicable settlement to their dispute over child support payments for their six-year-old adopted child, Quinton. The amount was kept private, but Reynolds soughtAFP; UPI; Reuter; AP - 476 words
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Page 13 Advertisements
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Advertisement336 1994-12-08 13 The recipe I I for a < i wonderful 1 I I Christmas. I t b There's something for everybody at the Regent this Christmas. There's an elegant dinner at Maxim's for $195 +t+ per person. Or a friendly, family Christmas dinner at Capers at $65 adults and $32.50*f0r children.336 words
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Page 13 Miscellaneous
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Miscellaneous1167 1994-12-08 13 I TV RADIO The 3 Sylvic was the most 1 extraordinary dancer of her jS V generation. She was the star of y f the Paris Opera Ballet, and .1 f when she left in 1989 to join \W .fl HW tj the Royal Ballet, was akin to ImHf*-m France1,167 words
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Page 14 Advertisements
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Advertisement21 1994-12-08 14 Myaccountant recommended invest with Prudential and did Lk .IJf more fo pressure J CJ J than my doctor ever achieved. 4*21 words
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INNOVATION & TECHNOLOGY
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Article, Illustration785 1994-12-08 15 Lee Wai Leong - rhe Ministry of Defence's comprehensive project to apply technology to its administration goes well beyond smart cards, Lee vVai Leong learns Lee Wai Leong A HIGH-TECH military uses adf vanced technology not just in its demL fence systems, but fdso in its day-to-day organisational processes.785 words
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IN TAKES
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99 1994-12-08 15 KUCHING. Sarawak A species of tree found in the dense rain forests of Borneo, calophvllum lanigerum, is tantalising a team of scientists from the United States and Malaysia. They are try ing to determine if. when fully grown, these seedlings and other trees99 words
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56 1994-12-08 15 AP SLOUL Scientists at the Pohang University of Science and Technology have developed a new generation light accelerator that can be used in making high grade semiconductors and other high tech goods. The advanced electron linear accelerator is the fifth of its kind inAP - 56 words
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Article83 1994-12-08 15 Reuter CHICAGO Researchers said yesterday they can dramatically shorten the duration of an MRI (magnetic resonance imaging) exam, thereby easing some of the anxiety of remaining stock still in a tube for 45 minutes. Using existing computer technology and an enhanced MRI machine. ValeReuter - 83 words
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Article123 1994-12-08 15 AP TRENTON. New Jersey Virtual reality is eoming to the operating room. Surgeons are testing speeial video monitors and eye wear, minute cameras and computer processors that give them a three-dimensional, lifelike view inside the body as they operate through tiny incisions. The systems are likelyAP - 123 words
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106 1994-12-08 15 PERUGIA. Italy A novel technique for performing bone marrow transplants could allow virtually any family member of a leukaemia patient to serve as a donor. Using seven to 10 times the normal amount of donor marrow enables scientists to overwhelm the recipient's immune system, allowing106 words
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692 1994-12-08 15 AP THE US Department of Energy is looking at the future in a whole new light. target incandescent bulbs, fluoresce tubes and even metal halide lamp?, said Lee Anderson, the DOE's programme manager for lighting research. Much of tomorrow's illumination, he and othersAP - 692 words
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THE LAW PAGE
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1004 1994-12-08 15 Ramesh Divyanathan - Case turns on whether buyer accepts repudiation of contract. Ramesh Divyanathan reports Ramesh Divyanathan THE COURT of Appeal. in ordering a flat owner reeently to sell his property to a buyer after the owner had tried to cancel1,004 words
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Article, Illustration187 1994-12-08 15 Rodyk Davidson gets new senior partner, sets up China desk AT THE-®^- SINGAPORE'S oldest law firm, Rodyk Davidson, will have a new senior partner. Yong Whee Choo. next year. Mrs Yong. who has been with the firm for 25 years, takes over from Foo Yew Heng. 60. who is retiring.187 words
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Article206 1994-12-08 15 NOT TO BL outdone by the region's political leaders who have Apec (Asia-Pacific Economic Cooperation forum), lawyers in the region have formed their own Asia Pacific Business Law Section. The Section is formed under the auspices of the Law Association of Asia and the Pacific206 words
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Page 15 Advertisements
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Advertisement23 1994-12-08 15 Face Facts Hjeadyour Ozun Jace! Call 24 hours to discover how your facial features determine your character fortune. Cost: 30 cents a minute23 words
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Advertisement344 1994-12-08 16 7707-CARLO GOLDONI ~i7S3 Meet carlo goldoni, the great 17th century Venetian playwright WHO POPULARISED THE COMMEDIA DELL'ARTE, A FORM OF THEATRE WHERE EVERYTHING IS IMPROVISED DIALOGUE, ACTION, COMIC BUSINESS OR LAZZI BASED ON A SUMMARISED SCENARIO. ALL OVER EUROPE, GOLDONI IS .m. FAMOUS AS AN EXTRAORDINARILY PROLIFIC LIBRETTIST WITH A344 words
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SPORTS
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515 1994-12-08 17 Grand Slam Cup Reuter. AFP. AP MUNICH Sweden's Magnus Larsson dumped his Davis Cup-winning teammate Stefan Edberg out of the US$6 million Grand Slam Cup in a three-set thriller yesterday. i-arsson's 6-4 6-7 (7-9) 8-6 first-round victory, just five days after the pair's singlesReuter.; AFP.; AP - 515 words
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SPORT SHORTS
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Article, Illustration55 1994-12-08 17 NEW YORK NBA Tuesday: Cleveland 97 Orlando 114; Indiana 90 Detroit 83; New Jersev 91 Atlanta 94 (OT): NY 104 Boston 90; Minnesota 95 Denver 102; Seattle 103 Houston 90; San Antonio 121 Dallas 124 (OT); Utah 97 Charlotte 106; LA Lakers 113 Golden State 101; Sacramento 108 Milwaukee55 words
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Article, Illustration145 1994-12-08 17 Reuter PONTIC VEDRA BEACH, Florida South African Ernie Els, who won a three-way. 18-hole playofT to capture the 1994 US Open title, has been named PGA Tour Rookie of the Year. The 25-year-old Els was selected for the honour by a vote of PGA Toqr members, the PGA announcedReuter - 145 words
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Article, Illustration133 1994-12-08 17 AFP BEIJING The Chinese Swimming Federation (CSF) has banned seven swimmers implicated in the Asian Games drug scandal from all competition for two years. CSF vice-president Yuan Jiawei announced yesterday. The disciplinary ban on male swimmers Hu Bin. Xiong Guoming. Fu Yong and Zhang Bin. and female swimmers LuAFP - 133 words
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Article, Illustration215 1994-12-08 17 AFP MUNICH US$6 million Compaq Grand Slam Cup Ist rd l uev day: Pete Sampras (US) b Jaime Y/aga (Per) 6-2 6-4; Boris Becker (Ger) b Wayne Ferreira (SA) 5-7 6-4 6-3; Michael Chang (US) b Alberto Berasategui (Spn) 6-1 7-5; Goran Ivanisevic (Cro) b Jonas Bjorkman (Swc) 6-4AFP - 215 words
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Article, Illustration77 1994-12-08 17 Reuter TWICKENHAM, England Cambridge University scrum half Richard Davies clearing the ball during the varsity match against Oxford on Tuesday here. Cambridge beat Oxford 26-21. Wing James Reynolds celebrated his 22nd birthday with two tries to help Cambridge to the victory. The points total of 47Reuter - 77 words
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Article361 1994-12-08 17 Reuter CARY, North Carolina Nick Price, the world's topranked golfer, ruled himself out of the proposed World lour unless it proceeds with the blessing of the US PGA Tour. "My allegiance is to the PGA Tour and I am not going to jeopardise itReuter - 361 words
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Page 17 Advertisements
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Advertisement282 1994-12-08 17 TOUGH CALL Forthose who bought Telecom UIISSS^ I shares at $3.60, it's been a disheartening ride so far. And Sen^'Buv things can only get tougher for I the model utility. Should you ggi ALSO IN THIS ISSUE: I Ho How small can flats get? /mH g* Home market sends mixed282 words
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Advertisement163 1994-12-08 17 GiehmM A FREEHOLD INVESTMENT OPPORTUNITY IN SYDNEY, AUSTRALIA Seated on Darling Point Peninsula, one —r. Generous living, dining and entertaining areas of the most sought-after addresses in Gourmet kitchen boasting the finest Sydney, Glen Ascham affords you front <r LrS^»EBßil^E!r'^^™iATi|fliiF r lP® European appliances row seats for the magnificent 2000163 words
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Article511 1994-12-08 18 EDITORIAL MALAYSIA will be taking a small but bold step if it goes ahead and allows partial withdrawals from the cashrich Employees Provident Fund (EPF) for share purchases, as suggested by Securities Commission chairman Munir Majid. Since its inception 43 years ago, the government has managed it511 words
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WHAT THE OTHERS SAY
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Article354 1994-12-08 18 TAIWAN'S population underlined its penchant for prudence by voting for stability last week. A key theme of the election was relations with China, with the ruling Kuomintang (KMT) standing for eventual reunification and the opposition Democratic Progressive Party (DPP) pushing for independence. Incumbent KMT candidate James Soong's resounding354 words
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Article126 1994-12-08 18 CIVIL servants eligible for pension will have another option when they retire. They are now allowed to commute the entire expected amount of their pensions into a gratuity, instead of commuting 40 per cent of the value of the pension over 12.5 years at present. This126 words
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Article142 1994-12-08 18 JAPAN'S political scene has seen many changes this year, one of them being the opposition Social Democratic Party joining hands with the Liberal Democratic Party to form a government. The main reason for this is the change in the country's election system. Three hundred MPs will be142 words
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Article83 1994-12-08 18 THE Hippocratic Oath, which embodies the code of medical ethics, makes saving lives the paramount obligation of all medical doctors. Profit, meanwhile, is the phenomenon which makes a business enterprise worthwhile. The bigger tne profit, the more successful the entrepreneur. Put these together and you wind up with83 words
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Article161 1994-12-08 18 THE Governor's proposals for helping combat Hongkong's drug abuse problems are good as far as they go. The territory desperately needs the treatment centres, rehabilitation facilities and counselling units which Chris Patten promised yesterday. Mr Patten rightly promised improved training and support for social workers161 words
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Article150 1994-12-08 18 THE Balkan conflict threatens destruction on two levels each day that it continues. The toll on Bosnians persists, as the apparently unwinnable war ebbs and flows among the competing armies. The political cost has also been high. There is growing scepticism over the role of150 words
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Article, Illustration962 1994-12-08 18 Keith Bradsher - President Clinton's nominee for Treasury Secretary is a team player who prefers to work behind the scenes, says Keith Bradsher Keith Bradsher NYT THE Clinton administration's invisible man is coming out of the shadows. For two years, Robert Rubin has been the glue holdingNYT - 962 words
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Page 18 Advertisements
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Advertisement96 1994-12-08 18 Factory/warehouse/office at Ang Mo Kio Industrial Park 2 Hpn j jT wIIi^BBS^ gg^ggpNW** Building Permit no: 4227/84 i rare opportunity to Prime location OWTI a corporate Close proximity to canteen building for your and mrt factory/warchousing Easily accessible via CTE and office needs. Ample carparking Part 3/part 4 storey building96 words
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Page 18 Miscellaneous
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Miscellaneous35 1994-12-08 18 "fkiEMiSEWSrosi "TMePe-'S FN KG-V »n r\-\e.\ Sa, x vl f I ra»DDue or Oivi &P,CK COULD I V/oo U3\t4p it p\ rev>> Times p y I <9 332 tftcg*DOONESBURY GARRY TRUDEAU HI (AJOUJ. TALK I35 words
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ANALYSIS
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Article, Illustration1227 1994-12-08 19 Anthony Rowley - The power of the Japanese bureaucracy has increased in recent years, dimming the likelihood ot economic deregulation. Anthony Rowley reports Anthony Rowley The writer is BT's Tokyo correspondent YUKIO Noguchi, an economies professor at Tokyo's Hitotsubashi University, says he is very pessimistic about the chances1,227 words
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Article, Illustration824 1994-12-08 19 Ten years on, there are still no real sanctions against wayward firms The Economist IN THE early hours of Dec 3, 1984. a poisonous gas escaped from a chemical plant near Bhopal in India. As a result of slipshod management andThe Economist; Reuter - 824 words
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Page 19 Advertisements
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Advertisement217 1994-12-08 19 mm *M&£ y i— «WPfc IsKni J *5. V '11 -rrry::'' LOOK US UP B£l DOWN UNDER Eg QUALITY SHOPPING, AFFORDABLE NIGHTLIFE, INTERNATIONAL RESTAURANTS AND SUPERB SIGHT SEEING. ITS ALL CLOSE TO RADISSON ON THE SUNSET COAST. Perth is famous f a the Measures Perth jjfer .1 oJOONDAI.I'P worldwide for217 words
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Article, Illustration566 1994-12-08 20 Reuter. AFP. Bloomberg Business News LONDON Britain's government, struggling to repair damage inflicted by a parliamentary defeat that punched a big hole in its budget, raised interest rates yesterday in a move to steady the shaky pound. The Bank of EnglandReuter.; AFP.; Bloomberg Business News; Reuter - 566 words
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201 1994-12-08 20 Leslie Lopez - From Leslie Lopez in JAKARTA INDONESIA will sell part of its holding in national airline Garuda to foreign investors in a bid to overhaul its management and strengthen its financial base. Finance Minister Marie Muhammad was quoted by local newspapers as saying201 words
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212 1994-12-08 20 MBT KUALA LUMPUR Comprehensive reforms have been implemented in Bank Negara's pianagement. The reforms include a collective decision making machinery aimed at preventing a recurrence of the M 55.7 billion (553.3 billion) loss in foreign exchange last year and to prepare the central bank toMBT - 212 words
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224 1994-12-08 20 AP, Reuter WASHINGTON In a stark ultimatum to the Clinton administration. China recently reiterated its threat to abandon its eight-year effort to join the world trading system if the United States does not agree to Beijing's terms for entry by JanAP,; Reuter - 224 words
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312 1994-12-08 20 AP Bloomberg Business News WASHINGTON The federal Reserve has warned that inflation is accelerating as the economy grows and price increases arc starting to be passed through to consumers. "Prices of raw and intermediate materials continue to advance, with reports of some increasesAP; Bloomberg Business News - 312 words
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Article, Illustration837 1994-12-08 20 MICHAEL HINDLEY; MICHAEL HINDLEY - The Bottom Line MICHAEL HINDLEY MICHAEL HINDLEY The writer, a Briton, is a member of the European Parliament THE DIE is now cast and we know that from Jan 1, 1995. there will he three new member states of the837 words
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550 1994-12-08 20 Peter Osborne - National Trade and Investment Outlook Conference Reports from Peter Osborne in MELBOURNE THE opening yesterday of the second National Trade and Investment Outlook Conference in Melbourne is being pitchcd as an event to build a more internationally competitive, export-oriented Australian economy. It has attracted550 words
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403 1994-12-08 20 THE findings of a new survey of Australian small and medium-sized enterprises (SMEs) underline their value to Australia's economy but also official concern thai most firms have still not tapped investment and export opportunities in Asia's booming economics. The survey of 650403 words
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Page 20 Advertisements
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Advertisement52 1994-12-08 20 fMA R KET IN G| Tomorrow in Business Times I 1 M 1 V I 1 m HOT/COLD POOLS SAUNA BATH STEAM BATH TV/COFFEE LOUNGE 18 MASSAGE ROOMS REGENT HEALTH SPA 78, SHENTON WAY #01 -01A &BI -01, SINGAPORE 0207 TEL: *****6 X (5 LINES) BUSINESS HOURS: 10.30 am TO52 words
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COMPANIES & MARKETS
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Article, Illustration466 1994-12-08 21 SINGAPORE The largest plastic injection moulded components maker here, Fu Yu Manufacturing, is planning to list its shares on the main board early next year. Fu Yu's initial public offer which will comprise both new and vendor shares is expected to466 words
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374 1994-12-08 21 SINGAPORE Singapore Airlines will enter into an In-dia-based joint venture to develop and maintain computer software. Its partners in the venture are Tata Consultancy Services and Datamatics Ltd, an IT service provider. SIA said in a statement yesterday that the tie-up between SIA374 words
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223 1994-12-08 21 NST KUALA LUMPUR The Sime Darby group's tyre division is spreading its wings in the region, investing MS26O million (*****.5 million) in factory improvements and expansion over the next three years. DMIB Bhd managing director Jafar Carrim said on Tuesday the groupNST - 223 words
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504 1994-12-08 21 Ruth Wong - HOCK LOCK SIEW By Ruth Wong KUALA LUMPUR At first glance, Malaysian Airline System's (MAS) interim results seem to indicate that the national carrier under its new chieftain Tajudin Ramli has weathered the storm. After all, when MAS announced its results on504 words
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290 1994-12-08 21 Ramesh Divyanathan - By Ramesh Divyanathan SINGAPORE Sembawang Engineering Pte Ltd (SEPL) has entered a joint venture with a Chinese company to make electrostatic precipitators in China. The new company. Sembawang Tianje Environmental Protection Engineering Company, will make the electrostatic precipitators which are used to remove290 words
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Article161 1994-12-08 21 Bernama KUALA LUMPUR Econstates Bhd has entered into a conditional sale and purchase agreement to purchase 80 per cent of the issued share capital in Kelang Multi Terminal Holdings Sdn Bhd for MS36O million (SS2O6 million). The purchase would be met by the issue of 80Bernama - 161 words
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EYE on your STOCKS
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Article, Illustration49 1994-12-08 21 Weak Market Mood indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled Alliance. Baring. Dam a, t'raser. GK Goh. Kay Htan. Morgan Grenjell. OngCo. Nomura. Phillip. Smith Sew Court. U C 'arr and SG H arburg.49 words
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Article, Illustration160 1994-12-08 21 Paul Leo - By Paul Leo United Industrial Corporation has been trading within an upward-sloping channel formed by joining the troughs and peaks since its year's low at 51.01 in April on the weekly chart. At yesterday's close of $1.30 it is near the base of the channel, and technical factors160 words
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COMPANIES
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COMPANY BRIEFS
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Article73 1994-12-08 22 SINGAPORE Creative Technology has launched two communications products after its acquisition ot Digicom Systems Inc last month. The first. Modem Blaster 19.2 Voice, is an internal modem for personal computers to access communications services which sells for U***** (SS2IB). Ihe second. Modem Blaster 14.4 PCMCIA, is73 words
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68 1994-12-08 22 SINGAPORE Singapore Press Holdings' 51 per cent-held subsidiary Star Network Inc. has increased its stake in Hongkong computer graphics company Digital Vision Ltd to 62 per cent. Star Network made the purchase th—'igh its wholly owned subsidiary. Video Post Ltd. Star Network formerly held68 words
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70 1994-12-08 22 SINGAPORE Main board-listed Nippecraft has changed its financial year-end from June 30 to March 31. The change will have effect from July 1 this year, so financial year 1995 will be the nine months to March 31, 1995, while FY 1996 begins on April 1,70 words
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Article66 1994-12-08 22 Bloomberg Business News KUALA LUMPUR Road operator MTD Capital Bhd has proposed a rights issue which could raise as much as M 570.4 million (5540.7 million), its merchant bank said. MTD proposed to issue 8.8 million new shares at MsB per share on the basisBloomberg Business News - 66 words
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Article51 1994-12-08 22 Bloomberg Business News TAIPEI Acer Inc, Taiwan's largest computer firm, said sales jumped 105.8 per cent in November to a monthly record of NTS4.O7 billion (***** million). Sales for the first 11 months of the year climbed 71.2 per cent to NT529.5 billion. Bloomberg BusinessBloomberg Business News - 51 words
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Article1483 1994-12-08 22 **yr' Payment Ex Books Pay dale close date AISB 50* b 3 Jan 6 Jan 20 Jan 27 Amtck Eng 20* F 6TE Dcc 12 Dcc 16 Dcc .30 Antah Hldgs 50* b 6 Nov 25 Dec 9 Jan 5 Asia Pac Ld I 2TE Nov 23 Dcc 7 Jan1,483 words
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382 1994-12-08 22 Lim Soon Neo - From Lim Soon Neo in HONGKONG HONGKONG Telecom yesterday announced a service guarantee plan which its deputy chief executive. Peter Howell-Davies. described as "the first in Asia" by any telecommunications company. The service plan would help Hongkong Telecom strengthen its leadership in382 words
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Article, Illustration193 1994-12-08 22 Reuter SYDNEY Media tycoon Rupert Murdoch's Australian newspapers have been hit by a series of strikes by journalists, photographers and artists. Journalists at News Ltd, Mr Murdoch's News Corp Ltd's Australian unit, walked oIT the job in Melbourne and Adelaide yesterday, joining strikes startedReuter - 193 words
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297 1994-12-08 22 AFP AUCKLAND Brierley Investments Ltd (BIL) yesterday said it had agreed to sell its 28 per cent shareholding in Wilson and Horton Ltd. (W and H), publishers of the top circulation A'ot Zealand Herald. BIL last month spent NZ$265 million (***** million)AFP - 297 words
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395 1994-12-08 22 Reuter SYDNEY A leading Australasian beverage group says it is likely to switch from aluminium to steel cans to escape high aluminium prices in a move that could start a regional trend. Lion Nathan Ltd. the Australasian PepsiCo franchisee andReuter - 395 words
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282 1994-12-08 22 Bloomberg Business News NEW YORK The New York Times Co. sometimes called the staid "Grey Lady" of media, is embracing the electronic age. The company plans an aggressive expansion into television, cable and electronic communications. executives said at a media conference sponsored by PaineWebberBloomberg Business News - 282 words
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337 1994-12-08 22 Shiv Taneja - By Shiv Taneja SINGAPORE Citibank yesterday announced the launch of the first Singapore unit trust to invest in infra-structure-related stocks in the region. Citibank's Asia-Pacific head of marketing. David Tucker, said the Citi-Asia Infrastructure Fund would invest in listed companies "operating within the market337 words
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349 1994-12-08 22 Bloomberg Business News FRANKFURT Deutsche Bank AG. Germany's biggest bank, said net profit fell 27.9 per cent to 1.347 billion deutsche marks (551.26 billion), in the first 10 months of 1994. Net profit fell from 1.869 billion marks inBloomberg Business News - 349 words
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148 1994-12-08 22 Knight-Ridder HONGKONG Hongkong's stock market was the worst performer among the 22 developed markets in November, the latest edition of the Morgan Stanley Capital International indiees shows. The equities indices, compiled by the US merchant bank Morgan Stanley, show Hongkong stocks' value droppedKnight-Ridder - 148 words
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410 1994-12-08 22 Bloomberg Business News HONGKONG Construction. engineering and property company Hopewell Holdings Ltd is borrowing about HKS7 billion (SSI.3 billion), most of which will be used to pay for its stake in Consolidated Electric Power Company (Cepa). The financing, whichBloomberg Business News - 410 words
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FINANCE & COMMODITIES
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321 1994-12-08 24 Reuter WASHINGTON The new head of the Commodities Futures Trading Commission (CFrC), Mary Sehapiro. has said she would revitalise her ageney and eraek down on the market in financial derivatives, the Washington Post reported. In an interview, she said the agencyReuter - 321 words
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Article, Illustration53 1994-12-08 24 Reuter LONDON A police-issued photograph showing the wrapping of one of the letter bombs sent to various Barclays Bank branches on Tuesday. Six packages sent to branches in the London area caused slight injuries to two staff. Four other packages were made safe byReuter - 53 words
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287 1994-12-08 24 Knight-Ridder SINGAPORE A hike by two of Malaysia's largest commereial banks of their fixed-de-posit rates to levels well above their competitors' rates may largely be a year-end windowdressing move and not a reflection of current monetary policies, traders in Kuala Lumpur said on Tuesday.Knight-Ridder - 287 words
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284 1994-12-08 24 ENERGY REPORT Reuter LONDON International crude oil prices fell sharply yesterday in reaction to overnight US stock data which showed a large increase in petrol inventories. World benchmark Brent Blend crude for January delivery lost more than 40 cents in early afternoon businessReuter - 284 words
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Article194 1994-12-08 24 Reuter LONDON The dollar was tracking sideways in early Europe after being knocked lower overnight as a result of California's Orange County filing for municipal bankruptcy. "The Orange County story is a reason why the dollar is lower and not just an excuse." said a trader. AnalystsReuter - 194 words
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Article94 1994-12-08 24 AFP NtW YORK The doljar was down against other major currencies early yesterday as long term interest rates rose. Dealers were also watching the statements by Federal Reserve chairman Alan Greenspan at Congress on the state of the US economy. The ounce of gold was up USSI.2O atAFP - 94 words
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78 1994-12-08 24 SINGATORE The Export Import Bank of India has given Bank Industri Malaysia a USSIO million (5514.6 million) credit line. Exim Bank India said yesterday it was the first time India such credit had been granted by India to Malaysia. The arrangement will be78 words
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Article, Illustration1594 1994-12-08 24 I Uil. iiuk iithulalnJ jvain\i .%'/*»<•'« t<y< 14 timlin* partners AJ«' I'IW IW US$/S$ forward rates Noon Dec 7 ss Bid < XTef 1-monlh 14*08 1 462) 2-month ***** I 4606 3-month ***** ***** 6-month 1.4530 1 4550 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on Dec 71,594 words
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COMMODITIES & FUTURES
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1366 1994-12-08 27 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars and Euroyen futures ended firm. Sentiment for Eurodollars was mixed as developments in California's Orange County bankruptcy unfold. Orange County has filed for municipal bankruptcy and there is speculation that the Federal Reserve might delay its next rate hikeReuter - 1,366 words
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Article676 1994-12-08 27 COMMODITY REPORTS KL Tin TIN rose two sen to close at MS 15.31 a kg on strong demand from local buyers. Dealers said prices in London fell USSI3O a tonne. The local premium rose to USSI 50 a tonne from USSIO overnight. Sellers made676 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article69 1994-12-08 27 HONGKONG China's 12 major aluminium smelting companies have agreed to restrict the entry of foreign alumina next year because of government concern about the level of alumina imports. Beginning next month, domestic alumina producers are banned from directly importing alumina for the entire calendar year.69 words
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116 1994-12-08 27 HANOI Vietnam's rice output this year is expected to increase 400,000 tonnes to 23 million despite devastating floods in the country's two main rice-growing regions, official media reported yesterday. The Vietnam News daily attributed the rise to an expansion of cultivated areas, stock116 words
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Article59 1994-12-08 27 SYDNEY The Australian Wool Productioi Forecasting Committee yesterday revised down wards its forecast for 1994-95 (July-June) woe production to 710 million kg from its August esti mate of 735 million kg. A spokesman said thi expected fall in 1994-95 production reflected lowe sheep numbers in59 words
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67 1994-12-08 27 HONGKONG Pakistan has decided to allou cotton exports from next week, lifting an expor ban imposed earlier this year, the Xinhua NewAgency reported on Tuesday. Pakistan has al* reached an agreement with Turkmenistan to bu> 175,000 bales of cotton in a bid to lower67 words
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Article1495 1994-12-08 27 Rubber Singapore Commodity Exchange (futures dosing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jan 95 217.00 217.00 216.75 275 700 Feb 212.75 212.75 213.75 375 3525 Mar 213.50 213.50 212.25 525 3300 Apr/Jun 213.25 211.50 213.75 975 *****1,495 words
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REGIONAL STOCK MARKETS
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Article1076 1994-12-08 28 •22.0 ANOTHER day without a central bank announcement on official interest rates blunted investor enthusiasm for shares yesterday, sending the bourse to a sharply lower close. The All Ordinaries Index closed down 22.0 points at 1,869.2 while the All Industrials Index fell 25.0 to 2,704.2 and the All Resources1,076 words
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Article647 1994-12-08 28 +7.54 Stocks surged for the third day in a row yesterday, but late profit-taking moderated the rise. The market opened strongly, rising by 39 points, but profit-tak-ers swiftly moved in, bringing the market down by 38 points until a last-minute burst of buying pulled it up again. The Composite647 words
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Article567 1994-12-08 28 +68.21 Stocks regained momentum across the board on record exports and imports in November, with eight major categories of shares posting gains and foods enjoying the largest jump. The 394-issue Weighted Price Index gained 68.21 points to settle at 6,777.68. Turnover was 2.232 billion shares worth N 1586.22 billion.567 words
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Article467 1994-12-08 28 -6.08 Stocks slumped after a two-day rally as index-linked blue chips went into reverse. The Composite Price Index took a 6.08-point drubbing to close at 1.068.93, with turnover slightly expanding to 51 million shares valued at 1.11 trillion won. Decliners outweighed advancers by 500 to 395 with 96 counters467 words
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Article296 1994-12-08 28 +2.09 Shares were little changed amid persistent concern that rising interest rates will crimp corporate profits. A broker said the possibility that rates will rise further was uppermost in most investors' minds. He said some stocks, particularly forester Carter Holt Harvey, were attracting investors alter sleep price declines.296 words
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Article115 1994-12-08 28 -64.43 The 30-share BSE Index fell 64.43 points to a 3,975.94 on all round selling by foreign and domestic mutual funds on no buying support, brokers said. "People sold shares for a major part of the session and there was no buying support to answer that. Volume also went115 words
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WORLD STOCK MARKETS
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Article826 1994-12-08 28 Britannia Funds Sirrting Cash Bid Offer Mim Cap Depoul U 6400 M 6VW MimJeneyGik 0 1891 0 1992 Mint Mas Income 0 9000 0 9400 I S$ Cash Incumc Plus Fund 4 5100 *****0 PS Reserve Fund 5 MOD 5 J500 Sterling t quit) Euro Performance 0 4592 0 49J*826 words
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Article671 1994-12-08 28 -3.6 STOCKS fell, dragged down by water and eleetricity shares, after the government sutTered a defeat in a tax vote in parliament on Tuesday. The vote increased the likelihood that a Labour government would be returned at the next election. There's a risk too that the government could impose671 words
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Article141 1994-12-08 28 +0.89 French shares ended mixed after shedding most of their early gains in a roller-coast-er session. A trader attributed the market's late afternoon pullback in the CAC-40 Index from a session high of 1,989.62 to adjustments in positions related to seasonal window-dressing. The CAC-40 Index closed up 0.89 of141 words
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Article170 1994-12-08 28 -2.94 Bond market losses forcing Wall Street down off the opening pulled German shares lower in thin trading. The market was concerned over US Federal Reserve chief Alan Greenspan's comments on US economic growth. The 30-share DAX Index closed down 2.94 points at 2.044.04. Frankfurt DfC 7 DM \*s170 words
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Article136 1994-12-08 28 +2.98 Belgian shares were kept in a tight range in a quiet session as the market lacked inspiration to trade higher. No major moves were expected before the second half of December with new forward account. The Bel-20 Index of leading shares finished up 2.98 points at 1,409.32. after136 words
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Article173 1994-12-08 28 -37 Italian stocks fell again and bonds closed little changed as political concerns continued to dominate Italian financial markets. "What we saw was a continuation of yesterday's woes," said a trader. However, traders said lack of fresh news prevented prices from falling much below their current levels. "At these173 words
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Article308 1994-12-08 28 +0.70 Dutch shares hovered slightly above Tuesday's closing levels with operators mainly sidelined due to lack of trading impulse. The AEX Index was 0.70 points higher at 411.88. Dealers said news that the Bank of England had raised its minimum lending rate by 0.5 points to 6.25 per cent308 words
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Article147 1994-12-08 28 -11.03 Swedish shares tumbled heavily by the end of the day. surprising brokers. "What happened...? Most shares were sold at the end and there was nearly a little panic," a broker said, noting that the local market fell much harder than most other European bourses. A couple of brokers147 words
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Article202 1994-12-08 28 -4.8 Swiss shares ended a quiet day slightly mixed to easier. Wall Street's lower opening brought prices down late in the session. The broad SPI Index ended down 2.30 points at 1,699.43. The blue-chip SMI Index was 4.8 lower at 2,584.3. Swiss Re. three francs lower at 784 after202 words
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Article302 1994-12-08 28 +6.4 South African shares posted strong gains yesterday as buying interest returned after recent losses. "The shares got a bit low and investors don't want to miss out on a rally." a dealer said. He said the initial strength had been sparked by strength in New York overnight. The302 words
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Article257 1994-12-08 28 -10.59 Stocks lost further ground in early trade as investors, spooked by interest rate jitters. continued to sell. "There's not a lot of good out there," said one trader. "My enthusiasm is waning but I still think this might be the grand correction before we have a nice upside257 words
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Article793 1994-12-08 28 -18.17 The Dow Jones Industrial Average, which edged up 4.03 points on Tuesday, was down 18.17 to 3,727.79 at I lam EST. The key barometer was down about 27 points earlier. The NYSE Composite Index was off 0.92 to 246.93. while Standard Poor's 500-stock Index was down 1.50793 words
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Article, Illustration3094 1994-12-08 29 Bloomberg Business News HONGKONG Stocks fell yesterday, amid concerns that a decision by the largest US mutual fund to scrap an end-of-year payment to shareholders may hasten the exodus from equity mutual funds. News that Swire Properties was unable to sell all the 24 apartments it offered for saleBloomberg Business News; Source: Bridge Info - 3,094 words
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Article, Illustration578 1994-12-08 29 CLSA H SHARES lost 2 per cent on turnover of HK.S74 million. Maanshan Steel. Qingling Motors, Shg Petrochem, Tsingtao and Yizheng all lost around 3 per cent, while Dongfang Elec, GZ Shipyard. Kunming Mach and Luoyang defied the downtrend to gain between one and 3 per cent. Turnover inCLSA - 578 words
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Article, Illustration2491 1994-12-08 29 Bloomberg Business News TOKYO Stocks recorded their biggest fall in nine sessions amid concerns about the dollar's retreat below 100 yen and the health of US stock markets. "The market's reacting to the dollar," said a trader. "It has to stay above 100 yen for the market to stayBloomberg Business News; Source: Bridge Info - 2,491 words
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Article, Illustration1701 1994-12-08 29 Reuter BANGKOK Stocks closed lower on thin volume yesterday ahead of voting on a proposed constitutional amendment today. The SET Index closed 12.24 points lower at 1.330.35 on wafer-thin turnover of 2.54 billion baht. Losers beat gainers 1% to 77 with 110 issues unchanged. Argument between the coalition partiesReuter; Source: Bridge Info - 1,701 words
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Article, Illustration1138 1994-12-08 29 Reuter JAKARTA Share prices fell on thin volume yesterday, with the market remaining under pressure on unsettled orders on liquidity woes. "We could have seen a much bigger fall if the market had more liquidity/' one broker said. However, the market was still weighed down by a string ofReuter; Source: Bridge Info - 1,138 words
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Article2489 1994-12-08 30 <.r 1994 Vol I hi) I jrU (>.«» IX. Di« \U Vl M <"■» llttth l« (timpani Sale (WO) lli*h low Huier Seller S ("w PIt. Smil MALAYSIAN STOCKS 198 160 m MSB 50c 217 cd -10 76 251 217 21* 217 10 29 04 24 J 2062,489 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6586 1994-12-08 30 Bernama KUALA LUMPUR Stocks fell for a fifth day yesterday as foreign fund managers lowered oilers for Malaysian stocks in order to invest in higher-yielding interestbearing securities such as bonds. "They're just selling, selling, selling. Especially the foreign institutions." said a dealer.Bernama; Source: Bridge Info - 6,586 words
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STOCK EXCHANGE OF SINGAPORE
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Article7416 1994-12-08 31 MAIN BOARD i.i (.r \i Wl |9*M I .inI \«»l l»a\ I j\i l>i» I\ 1*1 Vl < .«l> \»H llii{h I o* oitifMnt IHHM High I Ru\«-r Vllrr 1 I* I I'rur INDUSTRIAL AND COMMERCIAL 4J"" >• m| V,bj mV 4NI tuuh l4| 4>.' 4n» > > 4 il7,416 words
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Article, Illustration1886 1994-12-08 32 R Sivanithy - By R Sivanithy SINGAPORE Stock prices slid for the third day running yesterday, in the face of redemptions by foreign funds. Local counters, which held up fairly well on Monday and Tuesday as Malaysian shares took a battering, were the main targetsCharts by Bridge Info; Source: Bloomberg - 1,886 words
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Page 21 Advertisements
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Advertisement155 1994-12-08 21 NEWS VALUE Indon banking sector faces over-exposure to property (pg I) This could hurt sentiment on the Indonesian stock market. Greenspan upbeat on US economy, wary on inflation (pg I) Interest rates concern will dog world stock markets till the next quarter at least. Mould maker Fu Yu plans IPO155 words
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Advertisement408 1994-12-08 23 DATACRAFT ASIA ESTABLISHES OPERATIONAL HEADQUARTERS IN SINGAPORE OHQ strengthens presence in Asia DATACRAFT ASIA Datacraft Asia, one of the largest data communications rMRIWEIW systems integrators in Asia, has selected Singapore for its OHQ. This is part of its overall plans for continued expansion in the region. The Singapore OHQ and408 words
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Page 24 Advertisements
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Advertisement189 1994-12-08 24 Hush Puppies has a range of foot, the BOUNCE*" sole redistributes footwear which can eliminate fatigue and manages the pressure on these and soreness when you walk. It /key areas. is called BOUNCE® The unique design of And at the heart of the BOUNCE® sole gently every BOUNCE® shoe is189 words
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Advertisement127 1994-12-08 25 '"^^B r (fef B z, *y^B **'v lk Kra~ *b'S f* A)^|V w o^uK&Sbcf r P^^:;' x |^^'qS^ jßr -fofe #-**r*^ v -J^HLS%34w *3tC^)^^^H£ flwf'.it v \l^mK -> i'kfl4 tftkt^^uSn M» '-u -U' Mtv Siry jbMKi b x^3B6H tvMp a.-KBH ><r WmmS&n t JJrolßwHaMiW *r m 9 0 W% m127 words
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Advertisement548 1994-12-08 26 Astronomical cost has kept the future of personal communications up in the air. A TA "I Today's market is clamoring for VVt VV\ 111 J I truly portable, global personal comJ munications. But the costs of such a system costs that will ultimately -4- come out of the consumer's pocket548 words
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Advertisement170 1994-12-08 27 Financial News IVmjl A Quick Look At The I I Markets I I Call 24 hours a day for I SES KLSE midday I reports, I I market reports and Cost: 30 cents a minute Organised by: An SPH AudioTex Service We provide shelf companies and incorporation services in ALL170 words
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Advertisement39 1994-12-08 27 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing Figures are carried instead. 7 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday39 words
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Page 28 Advertisements
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Advertisement104 1994-12-08 28 HWhat better gift this Christmas than one that takes your action lift and cut rotary system with new improved relationship to new places. When you buy any Philishave microgrooves gives a cleaner, smoother shave. Hurry Rota 93 (models HS 985,965,915 885), you'll receive down to any leading department store, Philips104 words
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Page 29 Advertisements
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Advertisement19 1994-12-08 29 Luxtime Singapore Pie Lid, 39" A ofch»d*Bafld *16-08. Ngee Ann City. Singapore 0923 Tel (65) *****78 Fax: (65) *****7419 words
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Advertisement57 1994-12-08 30 t SilMpiKxe 111 l IKMIW CI ASS l uUy Man. 7M74KVI Sums. TH /IV>'»77/7I')H rKSHC'nilfCplM TH 7MIVWMM IH'ihiimil.l IM.I/.1 Tel 11 /K HH/i HIV*. 1 Wiwkl Ti.kV- loKtr TH 77)1(107 Kiiuissjikc Id mi3tW4l« IWHI C h.uM>i Aiiixml Toimiiul l|l>4 bW«-sl T<H 'HTWAWI. Ti-tnuiul 7 (StHrth Wiiift) lM soic vm <*157 words
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Page 31 Advertisements
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Advertisement161 1994-12-08 31 I Abak flexibility L 11 K A Abak flexibility Am lm ll 1\ means: Planning: is easier. /r- ~~~—l J ■11/ j/ m Truly customised faster ami —■11/ work stations to requires less time ■/—•1 W"1 I ■■> B ¥rp 1 J 1 meet your needs. on the drawing J161 words
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Page 32 Advertisements
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Advertisement36 1994-12-08 32 Saw an ad of a house that you may like to own? o Leave your name and telephone number in the seller's ClassiFone mailbox and let him respond to your call. OassiFlfNE^ An SPM AudloTtn $tr»le*36 words
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Advertisement361 1994-12-08 32 NOTICES S J Pte Ltd (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act, Cap. 50 that a Meeting of the Creditors of the abovenamed company will be held at 151 Yio Chu Kang Rd Singapore 1954 on 30 December 1994361 words
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Advertisement316 1994-12-08 32 United Vegetable Oil Co (Pte) Ltd (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN pursuant to Section 2% of the Companies Act, Cap. 50 that a Meeting of the Creditors of the abovenamed company will be held at 151 Yio Chu Kang Rd Singapore 1954 on 30 December316 words
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Advertisement378 1994-12-08 32 IN the matter of the companies ACT. CAP. 5# AND IN THE MATTER Of NEW INDCSTRIAL CO (PTE) LIMITED (Members' Voluntary Winding Al an Hatraordinary General Meeting ol the member* of New Indus!nil Co (Pie) I imited duly convened and held al I tienling I ink •OVO6 Perfect Industrial Building.378 words
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Advertisement111 1994-12-08 32 E3 THE KA WAH BANK LIMITED (Incorporated with limited liability in Hong Kong) U5541,000,000 Floating Rate Negotiable United States Dollar Certificates of Deposit Due 1996 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the period from 8 December 1994 to 8 March111 words
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Advertisement175 1994-12-08 32 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF QOODFACTOR TRADING PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Ad Cap. 50 thai the Final General Meeting of the Member* of the175 words
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Shipping Times
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312 1994-12-08 33 Alec Almazan - By Alec Almazan SINGAPORE The Safe Navigation Committee of the Asian Shipowners' Forum has warned that pirate attacks on vessels carrying oil and other dangerous cargo could result in serious pollution if such ships run aground. The warning came this week as312 words
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Article, Illustration48 1994-12-08 33 Reuter JAKARTA Indonesian trading vessels lining the dock at Jakarta's Sunda Kelapa port yesterday as workers unload various goods produced by the sprawling archipelago's 13,000 islands. The boats play a key role in inter-island trade, some of which is done on a barter basis. ReuterReuter - 48 words
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399 1994-12-08 33 Reuter PARIS France appears to have lifted its objection to an international accord scrapping most shipyard subsidies, clearing the way for the deal to be signed before the end of the year, diplomats said on Tuesday. French government officials had no immediate comment onReuter - 399 words
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677 1994-12-08 33 Page Col Able Shpg 7 4/5 Accord Group 8 1-3 •Ahlers Lines 13 5 Ahrcnkicl Liner 4 1/2 •Appcnship 4 4/5 •ANL 3 4/5 •ASCL 5 5 Astro Shpg 8 4 Avant Shpg 6 4/5 •Bank Line. The 9 5 Batamindo 7 3677 words
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270 1994-12-08 33 Reuter LONDON Maritime nations took steps on Tuesday to tighten safety rules for cargo vessels after an accusation that the world does not seem to care when seamen drown. London talks of the 150nation International Maritime Organisation (IMO), a UnitedReuter - 270 words
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392 1994-12-08 33 Alec Almazan - Seatrade Asia-Pacific Cruise Convention Reports by Alec Almazan SINGAPORE Travel agency cruise sales have jumped 70 per cent this year, confirming Singapore's status as the region's cruise hub. "Cruises are rapidly becoming popular. The concept has gained acceptance in the local392 words
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274 1994-12-08 33 SINGAPORE The revenue potential of the Asia-Pacific cruise industry had more than doubled in the past five years, the president of the Cruise Lines International Association, Jim Godsman, said here yesterday. In a paper presented to the Seatrade Asia-Pacific Cruise274 words
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Article1053 1994-12-08 34 RATES continued to remain firm for Panamax tonnage, but details of concluded business were slow to emerge on Tuesday, brokers said. The Baltic Freight Index continued to wing its way upwards by a further 15 points now standing at 1,977. Brokers suggested that the 2,000 level would be1,053 words
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Article125 1994-12-08 34 COURSES Title: Sea Transport (SDF 70%) Duration: Jan 11 *95 Apr 19 '95 Organiser Singapore Freight Forwarders Association Tel: For further details contact SFFA Secretariat at 253-7550 or fax: 253-2303. title: Standard Trading Conditions (SDF 70%) Duration: Jan 17 *95 Mar 7 '95 Organiser Singapore Freight Forwarders Association125 words
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Article, Illustration911 1994-12-08 35 Buoyed by newfound success after two years in the doldrums. South Korean shipyards are riding a wave of new investment, thanks to a revitalised international shipping industry HAMMERS and drills echo in a cavernous building the size of 30 football fields. Welding sparks flash911 words
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Article13936 1994-12-08 42 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGENO PN: ship calls at Penang after13,936 words
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Article3336 1994-12-08 46 A X&B( Containerline NV: Belsin Shpg Agencies Pte Ltd (SV Marine Handling Sdn Bhd (PK/PN) Accord Group: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Sen ice Kim Shpg Trdg (S). A Ibarras Sea-Air Service: Frata3,336 words
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Article277 1994-12-08 46 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express travel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716 *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. CitvlJnk International Tel: 344-3377. Fax: 345-6450. Cluster link Supplies Services Tel:277 words
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Article1511 1994-12-08 46 Abex Express Freight Tel: 542-7171. Fax: *****84. Aclinic Forwarder Td: 225-1833 Fax: *****42. Actitair Singapore Td: 542-7822. Fax: *****20 Aerolink Freight International Td: 545-8033. Fax: *****05 \erospeed Td: 542-5911. Fax: *****18 Air C argo \o»o Fvpcess Td: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50.1,511 words
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Article2550 1994-12-08 47 ANGOLA Luanda: City and port quiet. No berthing dclavs to anv class of vessel. U>bito, Namibe: City and port quiet. Cabinda: City and port quiet, crude oil terminal loading according to pro gramme. Soyo: Lombo and Palanca terminals operating according to programme. ARGENTINA San Ix>renzo: Five berthed, two2,550 words
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Article1480 1994-12-08 47 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETA t I D Ports of Calls Port Agent Telephone No DECEMBER 08 08 Island Princess 0800 1700 Colombia Straits Shpg 225-3388 08 08 Dcllln Star 1300 2100 Cruise to Nowhere Harpers Shipping 221-1388 08 08 Renaissance 1 1130 13001,480 words
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Article1152 1994-12-08 47 THE demolition scene remains center stage this week with further VLCC and tanker disposals, whilst sales in the dry bulk market have been concentrated almost entirely on handy bulkers. On the newbuilding front a further contract has been reported, with Messrs Chowgule Steamships of Bombay placing an order1,152 words
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SHIPS IN PORT
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Article720 1994-12-08 48 Vnut Voy No Berth Arrival Departure Jurong Port Batan Indah J6 alongside 08 12/2300 Bay mart 1868 1 ISO 94 15 alongside 08 12 0030 6»ntan Mulya II alongside 08 12,2315 Dasa Sepuluh J7 alongside 08 12/2300 Koindo 12/03/94 112 alongside 0812/1300 lesoiawxtsk 1 ft 6 alongside720 words
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Article1850 1994-12-08 48 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking Balance Rsits Ship Voy Ho Etb/Btr Period From To From to lade 2156 09/1500 IB 07/1500 *****9 07/1900 26 07/1700 08 0659 08 0900 4 08 1200 08 1459 081,850 words
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Article613 1994-12-08 48 Dec 1 Density Water Rendu* Ash AJumrun Sedmeot Density Niter Residue Mi Murrain Segment MM MM Exxon Exxon. KG M*3 V/V '.MM '.MM PPM method KG,M*3 V/V M/M "MM PPM method Eastern USA 180 Ave 983 0 2 13.6 0 09 12 0 02' ISO/Canac Limits613 words
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Article862 1994-12-08 48 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements arc indicated. The Cockett Bunker Price Index change and862 words
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Article1088 1994-12-08 49 Jan Zverina - Jan Zverina reviews the Avalon, the largest sedan Toyota ever built, which is being made in the US expressly for American needs Jan Zverina Bloomberg Business News TOYOTA'S last attempt to crack a market dominated by Detroit was nothing short of a failure. So it's with goodBloomberg Business News - 1,088 words
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AIR AND LAND TRANSPORT NEWS
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Article, Illustration369 1994-12-08 50 Reuter NEW YORK Billionaire financier Warren BufTett, five years after he had invested in USAir Group Inc, on Tuesday said that he made a mistake. Shares of major carriers tumbled after Mr BufTett, who has made a fortune through savvy investments inReuter - 369 words
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382 1994-12-08 50 Reuter, Bloomberg Business News BRUSSELS Poor productivity has left Europe's airlines lagging behind their Asian and US competitors, KLM president Pieter Bouw told an industry meeting on Tuesday. "We do not have our act together," Mr Bouw said of European airlines, comparingReuter,; Bloomberg Business News - 382 words
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489 1994-12-08 50 Bloomberg Business News PARIS Two large travel agents' organisations attacked a European Commission proposal to make travel agents, rather than airlines, pay booking fees on flights reserved through computer reservations systems. The UK's Guild of Business Travel Agents, the members of whichBloomberg Business News - 489 words
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286 1994-12-08 50 Reuter TAIPEI Taiwan's China Airlines (CAL) plans to buy up to 10 small regional passenger jets for about US$4OO million (SSSBB million), a company official said on Tuesday. CAL's board will be asked early next year to approve the purchase ofReuter - 286 words
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Article, Illustration351 1994-12-08 50 Bloomberg Business News DEARBORN, Michigan Ford Motor Co on Tuesday unveiled a 376 kilometre an hour concept "supercar" that the US car maker said is a test bed for future products and technology. Only problem is, it's never been driven and there are no immediateBloomberg Business News; Reuter - 351 words
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Article1391 1994-12-08 50 aft nm no w n»_ Abu Dhabi Gf 146 1110 Gf 147 1850 SQ441 1455 GA975 1520 GA883 1545 AMaMa QF81 1930 QF82 2050 SQ228 2035 Amtartiam KL843 0545 SQ26 2355 SQ25 0635 KL838 2335 GA975 1520 KL837 1450 Attiam SQ347 0705 Auckland SQ286 2035 BAH1,391 words
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LOG BOOK
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83 1994-12-08 50 Bernama JOHOR BARU Malaysia Shipyard and Engineering Sdn Bhd .(MSE) in Pasir Gudang has built a drilling jacket for Sarawak Shell Bhd (SSB), described as the biggest fabricated in the country. MSE said yesterday the 8,666-tonne drilling jacket measured 156.3 metres long, 53 metres wideBernama - 83 words
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Article81 1994-12-08 50 Reuter LONDON The Canberra passenger liner was reported to be drifting with engine problems off England's south coast and tugs were on their way to assist, Lloyds shipping service said yesterday. Lloyds quoted coastguards as saying the 49,073-tonne ship was adrift 4.8 km south of theReuter - 81 words
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99 1994-12-08 50 Reuter NEW DELHI The Indian government is expected to open the air transport sector to foreign equity, capping the total stake at 40 per cent. The Times of India said. A formal decision would be taken by Prime Minister PV Narasimha Rao's cabinet inReuter - 99 words
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72 1994-12-08 50 Bloomberg Business News NEWARK, New Jersey The employee-owned Kiwi International Air Lines said it plans to cut US$l million (551.46 million) a month in expenses to better position itself against competing low-fare airlines. Kiwi said cuts will be instituted until it reduced costsBloomberg Business News - 72 words
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Article94 1994-12-08 50 AFP MADRID A plan to rescue Iberia airlines hit deadlock in talks with pilots on Monday and the company would now have to cut 5,200 jobs to solve a cash crunch, company president Javier Salas said on Tuesday. The collapse of talks with pilotsAFP - 94 words
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72 1994-12-08 50 AFP SAO PAULO Shares of Brazil's state-owned Empresa Brasilena de Aeronautica (Embraer), the largest Latin American aircraft manufacturer, went on sale yesterday under a privatisation plan. A spokesman for the national privatisation programme said the government would sell 55.4 per cent of Embraer'sAFP - 72 words
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204 1994-12-08 50 Bloomberg Business News HONGKONG Hongkong international airline Cathay Pacific Airways said it intends to develop a computerised revenue management system to increase its efficiency. It is negotiating with computer systems companies to help develop the system and make Cathay a leader in thisBloomberg Business News - 204 words
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Advertisement21 1994-12-08 33 2 New Services to Far East RTA Arriving Wed to Pusan Incheon lAX Arriving Fri to Tokyo, Osaka Yokohama Hotline 326Q23Q21 words
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Advertisement26 1994-12-08 33 Line* and services represented by Members of the Registry of Accredited sffoj! Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping rimes. Tel 740-2089/740-209026 words
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Advertisement58 1994-12-08 33 THE FAMOUS ■Hi 224 1833 For more information pleane refor to Pg- U Korean shipbuilding industry is booming again, Page 3 Toyota's pricey Avalon designed specially for Americans, Page 17 Financier says his USAir investment was a mistake, Back Page TIC-TECH-TOE To avoid stalemates, try some fresh strategies. Innovation Technology.58 words
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Page 34 Advertisements
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Advertisement1963 1994-12-08 34 SPaiE™ IMPORT.... IMPORT.... L. I NORTH AMERICA I I OTHER DESTINATIONS I NORTH AMERIQA [■*tMu.i»npaunaai I to<»AfTtwrtlWWYlW I iwwoinc«ufow<know.(P—CTMwrrco««H ussa vot stok la o« *cr mi Houston aoc nt mixico air *essei store mm ames montewpeo bo pe ianoo santos «w hum parahagua wxajm wo 10s hhgeus omm mbcbinb seattu1,963 words
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Advertisement1602 1994-12-08 35 OOCL (8) PTE LTD JARDINE SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SON. BHO. 200 CANTONMENT HOAD. #12-05 SOUTH POINT. SINGAPORE 0208 PETAUNG JAVA TEL: 03-*****76 FAX: 03-*****42 CFS: 03-*****42 CR NUMBER **********0 C PENANG TEL *****4 FAX *****1 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) IPOH TEL *****3/4 FAX: *****6 CUSTOMER SERVICE TEL:1,602 words
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Advertisement575 1994-12-08 35 ANL. IT'S AUSTRALIAN FOR SHIPPING TO AUSTRALIA (EAST COAST) FROM AUSTRALIA (EAST COAST) Ksai/vor mt «g %er m syo mb m hob wssa/wor m in m n n n scr Ht iUUHJ (1/12 Ot 12 MPT 21/11 24/12 27/12 30/12 lUI«MHT MM 27/11 M/U 14/12 17/12 |l(/12 ■MM MS 14/12575 words
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Advertisement1440 1994-12-08 36 R DAM ii SOUTH- PORT VOY NO HAMBURG ANTWERP HAVRE AMPTON KELANG S PORE HKG KAO TVO SHI KO« N ESSEN EXPRESS 09/446 19/11 21/11 23/11 16/11 11/12 15/12 16/12 H/12 20/12 21/12 LA SEINE ***** 22/11 24/11 26/11 15/12 16/12 20/12 22/12 29/12 27/12 HOECHST EXPRESS 18/447 26/11 26/111,440 words
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Advertisement517 1994-12-08 36 IS'pore P. Kelang Loading for CELTIC 25/12 30/12 Rdm/Atw/UK/Nantes I 'Loads E./W. Malaysia. Indonesia I I Loading for ENERGETIC Dubai/Bahrain/Damman/Kuwait I SEA VENUS Hodeidah/Jeddah/Aqaba 'Loads Singapore. E./W. Malaysia. Indonesia I Loading for DONA V Los Angeles/New Orleans/ I Charleston/NorfolK/Camden H OCEAN EVER Los Angeles/New Orleans/ H Charleston/Norfolk/Camden H 'Loads E./W.517 words
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Advertisement1190 1994-12-08 36 NORASIA I I StA (NMAVOUR 44« l (H/12 2«/12 »/l2 27/12 2«/12 »/12 31/12 I NOKASIA FMBOURG 9449 3 10/12 29/12 04/01 OS/01 03/01 04/01 02/01 03/01 03/01 M/Vl I NONASIA HONGKONG 9447-3 15/12 03/01 06/01 07/01 07/01 04/01 09/01 10/01 12/01 12/®1 I NOftASIA SHARIAH I 9450 3 21/121,190 words
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Advertisement1403 1994-12-08 37 H STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 STRAITS VENTURE V3OC Mu»l. lib D«c 13 D* FC L, LCI CONTAINCM AND ME AK BULK M«VKI TO PAPUA NCW QUMCA MIRUBI VISC KK. Skin. T»« 12-13 D«c 13 0«c 15 D«c C I1,403 words
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Advertisement2239 1994-12-08 37 w -A. Singapore Agent: 1 C .Afll O f|A|*C P&O Containers (Singapore Agencies) Pte Ltd KJ 10 Hoe Chiang Road, #07-01 Keppei Towers, Singapore 0208 First Class Connections WORLDWIDE H fn0c5p.f.******27/*****17 L L •WPoWr______^|| VIBBIL VOY 'PNO 'MO MM SOU AWT HOT HAM OOT Ml LCH VCSSCL VOV 21 f2,239 words
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Advertisement271 1994-12-08 37 FAMOUS CONTAINER LINES 80 ROBINSON ROAD. #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) GOTHENBURG/SCAN 12/12 ROTTERDAM 12/12 AARHUS/COPENHAGEN 12/12 HAMBURG/BREMEN 13/12 MARSEILLE FRANCE 09/12 FELIXSTOWE/UK 08/12 BARCELONA/SPAIN 09/12 LEHAVRE/FRANCE 13/12 GENOA/ITALY 10/12 ANTWERP/BELGIUM 12/12 LOS ANGELES/WC IPI 10/12 SYDNEY/MELBOURNE 10/12 NEW YORK/EC 10/12 FREMANTLE/ADELAIDE 09/12 VANCOUVER ***** BRISBANE 10/12271 words
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Advertisement508 1994-12-08 38 wA- JO,MT VENTURE WV SAMUDERA INDONESIA SIR RICKMERS win SINGAPORE CHINA DASA SfPUIUH VOY 2NB 05 DEC SHANGHAI GREEN ERA VOY 3NB 28 DEC QINGDAO DASA StPUUH VOY 3NB 12 JAN XINGANG INDUCEMENT CALL P KELANG INDUCEMENT CALL HK. P GIOANG. BELAWAN. TG MANI XIAMEN. ZHANGJIGANG > UTAMA HARTA WEEKLY508 words
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Advertisement1165 1994-12-08 38 0 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 FDK VSL SM LfE HAUL Sf A YVH POI FOI VSI W lH Hill. SAW IJI KYC HANJM ELIZABETH 014€ 10/12 MKCT 7%/ Xl 30/12 S*r HWU* BUS* 14* 10/12 K l *f l *f\1,165 words
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Advertisement1347 1994-12-08 38 j J J .r jrnx^Tl^ I mi »ia•(ncwwionN)sk no in cm w rtcuw im wwatnooa m I l amu M#ss 12/12 11/12 11/12 21/12 22/12 24/12 25/12 27/12 21/12 21/12 30/12 11/1 24/1 21/1 27/1 1/2 7/2 1/2 1/2 11/2 21/2 2/3 1/3 1/3 t GRftT M M 15/12 21/121,347 words
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Advertisement2693 1994-12-08 39 SERVICE TO OHAtL (HAIFA, ASHDOD VIA HAIFA) 4 SAilMt'S rorSoifTM iTO -j£ SHIPPING PTE LTD ram: MHO COSHIP CMiwlfMil: *****50 Br—kkmUi Sre Okc 4/***** jmJmJ 4205/46 "I' M C* **********0 M Fam: 22*220$ *****15 DBS BMg Towur 2 UCK No: CCSU tOHOHE OFFICE: MBHWW F«* *****6< Hmgitoro 010* OST NO:2,693 words
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Advertisement1126 1994-12-08 39 FOR BOOKING 1800-*****00 (TOLL-FREE) OUTBOUND PEL PEN KX SI HUG KAO TAI KEE *Y HAG >06 QSK MO) BUS WAN HAI 212 N023 94,12 05/12 0//12 08 08 12 13/12 14/12 12/12 T/S »u KAO 21/12 22/12 24/12 25/12 wan ha* 203 Nott 0T75 ***** osTH 1011/12 15/12 w/12 20121,126 words
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Advertisement1267 1994-12-08 40 hrnrT !JILU VESSEL VOY -*T J VESSEL VOY SIN PEW R|i 1 ISRA BHUM 7<B Fri 9/12 Wad 14/12 |jg BHUM W7 Fn |~j717 Sat \wn M Bj| VESSEL VOY SIN BKK BHATRA BHUM 598 S«1 10/12 Tin 13/12 3 siBI BHUM WW Mon 12/12 W»d 14/12 Bjj RATHA BHUM1,267 words
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Advertisement1130 1994-12-08 40 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N STRAITS SHUTTLE SERVICE PORT KLANG PENANG VESSEL V°T SW PKL VESStI I Sf< PEN SHENTOH 9400?* Ml? (MB) IM2 (Sl*) MCC COHVEVOH 4001 09 12 (FRti 11,12 (SUN 1 SEA LAURU 343N U/IZ (SUN) 12/12 fMONi XOUR lAY*1,130 words
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Advertisement712 1994-12-08 41 PACIFIC INTERNATIONAL LINES (PTE) LTD] I 140 Cecil Street, #03-00 PIL Building. Singapore 0106. I SSSB»ff CR NO **********06 j I. niii■ ***V > VESSEL VOY SIN CMS JIB MOO JED AOJ ADC PZU *8W ASA KOTAWUAVA WJA4OP IS/12 22/12 28/12 30/12 VI S/1 17/1 I KOTA BCRLIAN SRL2SB 29/12712 words
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Advertisement932 1994-12-08 41 IttSXH (QT sm L£ HOVlg HAMBUTC THWES POTTCAOAN UP** Will p- IWjULA MKN 12/12 04/01 05/01 07/« M/ 01 10/01 Will D'WTPtA WWII 20/12 11/01 13/01 |M| 17/01 Witt 01 iriU TMN 27/12 11/01 20/01 22/01 23/01 24/01 mi 01 ttLA W«W~ 25/01 27/01 20/01 30/01 31/01 ••ISO kCCVTME CMGO932 words
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Advertisement565 1994-12-08 41 I j|T MYANMA IWH, FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen PGdf F*AAN V2OOW 15/17 0* PAGAN V2ISW 01/10 D#c AVA VI3IW 10/12 Oac 13/10 D#c MALATSM AGENTS BOUSTFAD SWPWC AfiENCES KUL: TEL 02-03-*****00 P*l TE 02 03-3(017t7 PEN: TO. 02-*****442 PCD: IU 02565 words
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Page 44 Advertisements
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Advertisement1651 1994-12-08 44 frome uroPE rao 1m I rtw I motto va \srm\ uw on* mm m m m m stori mi fumn rore sma wo row ui w«_ Himi 41M/4CU 1112 03.12 18. OCEAHA 2434 *11 24.12 25.12 ».12 1111 H WMWK 1404 00.11 1112 1412 1? 12 1112 10 11 11.111,651 words
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Advertisement219 1994-12-08 44 HIGH STAKES Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday. SINGAPORE m Business Times nnovMH lASCHINDON SHIPPING PTE LTDI V 2 HAVELOCK ROAD, #00-02 APOLLO CENTRE, SIM 0109 TEL: *****20 (0 Unm) FAX: *****30 TLX: RS ***** SCMN CR MO: 10S*****000N BOOKING: LUt/JESSIE mam219 words
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Advertisement533 1994-12-08 45 pkABMN CONTAINER LINES, INC 2 K2/VVM Agents: MAC-NELB SPORE: *****22 (24 LINEB) > 'cm N« mmwmm SIBU (084) *****9 KUCHING (082) *****3 PENANG: (04) *****6 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK533 words
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Advertisement309 1994-12-08 45 II VESSEL VOYSIN MAA SIN I I ESTEBRUGGt 201N 0708/12 12-18/12 I I TIGER CAP£ 01 IN 08-09/12 13-20/12 25 26/I2H I CAPE HERMES 202N 09 10/12 15-22/12 27-28/12 I TIGER BRIOGE 31 IN 11-12/12 17-24/12 29-30/12 TIGER BAY 124N 13 14/12 19 26/12 3101/01 I VESSEL VOY SIN CAL309 words
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Advertisement367 1994-12-08 45 pi DONGNAMA LINE wssii (M»> ser n a* mk nc km TUSMJ MIX 14/12 M/U 27/12 M/ 12 SMONC nam mi* 11/12 21/U 22/12 21/12 u/ti ts/11 Kaono Mia 25/12 27/12 21/12 (l/ll 12/11 MM* MI4N 11/11 U/tl 94/91 Mil till 11/11 mm <M) str mt mc km HM» KMNCVMC367 words
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Advertisement415 1994-12-08 45 TEL: *****33 (12 Lin««) FAX: *****15/*****03 TELEX: R3 ***** RISHIP (3 LinM) CR NO.: **********0E >r3ri F® ™^2SraSLH t ACCEPTING FCL AND CONVENTIONAL Vmml Vo» ETA Loading for Ippfi Abbay Wonz 42W8 15/02 Mombasa. Djibouti Assab. Muuwa Abbay Wonz 43W8 20/03 Mombasa Dyibouti Assab. Massawa Bkvh miaiA i imf RKR415 words
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Page 49 Advertisements
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Advertisement398 1994-12-08 49 A HYUNDAI merc^ WESTBOUND TO EUROPE BKG: *****61 ~PNA PKE PfiD VESSELS voy s* rtm ant leh HAM «n FEL "07/12 09/12 ioTIT SEA PROGRESS 314* ***** ***** OIToI ***** OITOI OITOT 03/01 14/12 16/12 17/12 H. CHALLENGER 313* 19/12 06/01 06/01 07/01 06/01 06/01 10/01 21/12 23/12 24/12 H.398 words
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Advertisement393 1994-12-08 49 STRAITS/ JAPAN/ STRAITS SERVICE MULTI-PURPOSE 1 RORO CARRKR SPECIALIZE M HEAVY UFT CARGO UPTO 120 TONS RAMP CAPACITY UPTO 50 TONS Si «0T ISM fni LOAOK ft* TRANSAUTO IT" It/12 13/15 JAKARTA 11/12. KUCHMG 11/12, EASTERN RUBY 13 J/12 11/12 ORANGE MOON 51 11/12 BANGKOK 14/12 CO9K LfMWt 41 12/12393 words
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Advertisement705 1994-12-08 49 VESSEL VOY Isw ETA/P I LAX 1 OAK CH I DAL IP/COL I HOU I NYC NOR ALLIGATOR TRIUMPH M* 06/12 /09/12 25/12 27/12 21/12 29/12 29/12 30/12 30/12 31/12 GEORGE NASHNGTON BROGE OA 15/12/16/12 01/01 04/01 05/01 06/01 03/01 05/01 06/01 07/01 ALLIGATOR PRPE MA 22/12 /23/12 01/01 10/01705 words
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Page 49 Miscellaneous
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Miscellaneous297 1994-12-08 49 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1S00 1900 2000 2100 2200 2300 1.4 2.0 2.4 2.6 2.6 2.3 1.9 1.5 1.2 1.2 1.3 1.6 2.1 2.7 30 3.0 2.« 2.4 1« 1.3297 words
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Advertisement6 1994-12-08 50 l| MARKETING Tomorrow in Business Times6 words