The Business Times, 25 August 1998
1998-08-25
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The Business Times
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Title Section12 1998-08-25 1 THE BUSINESS TIMES MITA(P) ll(V12/97 85c SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, AUGUST 25,199812 words
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Article68 1998-08-25 1 Dsn W7JI (-15.85) Qbt-OI M3ML» (-10.78) DSS?HI22) Plbtmga mm 515J32 (-9 J4) PT MARKET MOOD: tmnmm STOCK MAIKET INDICES Monday Change KLSE COUP -186 NIKKEI 14,***** -***** HANOSENG 7345.48 +***** SET INDEX 233.15 -177 JAKARTA OOMP _I76.66 -17.80 MANILA OOMP _i.323.ll 4940 TAIPEI WPI 1967.75 -256.62 SEOUL COMP68 words
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Article77 1998-08-25 1 FOBEX BATES ust ss .USI. L770 £(US$/S$ per S) 1.6M 1896 WW 1.799 0.364 YE!* 1444 12S8* RM 42» Q.418 HKS 7.748 0128 BAW 41.(86 ft 042 KJPIAH 11,676 0.015 St to 100 units namum SINGAPORE* 7J8 KUALA LUMPUR HJ0 JAKARTA 28.00 BANGKOK ux MANILA .AW HONGKONG 10.28 TAIPEI77 words
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Article, Illustration626 1998-08-25 1 Vikram Khanna - Less need now for MAS to ensure a strengthening of the Sing dollar: official By' Vikram Khanna [SINGAPORE] The decline in inflation to below one per cent has permitted the Monetary Authority of Singapore (MAS) "greater flexibility" in its management of theCHRIS LOH; Source: MAS - 626 words
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Article, Illustration691 1998-08-25 1 Smart Wall Street opening provides a measure of calm Reuters AFP [LONDON] Nervousness was palpable on major European bourses yesterday following President Boris Yeltsin's sacking of the entire Russian government, although a smart Wall Street opening steadied the nerves of European investors. In London,Reuters; AFP; Source: Bloomberg - 691 words
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Article75 1998-08-25 1 AFP [NEW YORK] US stocks opened smartly yesterday as bargain hunters took the Dow Jones Industrial up by more than 80 points in early trading. But the market faltered after the initial surge, yielding its gains to stand at 8,526.96 points byAFP - 75 words
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Article, Illustration653 1998-08-25 1 Wong Wei Kong, Diana Oon - By' Wong Wei Kong, Diana Oon [SINGAPORE] Property stocks fell sharply yesterday after Prime Minister Goh Chok Tong said in his National Day Rally speech on Sunday that the government was not about to support residential property prices. A further factor wasSource: Bloomberg - 653 words
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430 1998-08-25 1 Audrey Tan - Cost-cutting to restore competitiveness seen as more painfnl By* Audrey Tan [SINGAPORE] Depreciating the Singapore dollar may be a more practical way of restoring competitiveness, than just cutting business costs, economists said yesterday. They said Singapore exporters need to430 words
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Page 1 Advertisements
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Advertisement139 1998-08-25 1 annum lie Property Cobras Are DBS Land shares undervalued now that their NTAs are $3.52 and the share price is $1.13? Lee Han Shih shares his views, P|l AflWt 4|lUkllty In the ongoing regional rout asset quality is seen to offer far better insight into a bank's health and future139 words
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Advertisement41 1998-08-25 1 Strong foundations keep financial sector resilient, Pg 2 S'pore banks' NPLs unlikely to cross 10%, Pg 3 HK stocks surge 4% on govt buying, Pg 8 Russian economic policy to change, Pg 11 -v r Prabowo sacked Full report, Pg 541 words
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Advertisement248 1998-08-25 1 These two exquisite watches, in the shape of peaches, are called <<For China>>. t The craftsmen of Geneva were renowned or their mastery of enamel and these watches triumph ja| their art. By their efforts the subtle m i gradations of colour found in the 8 V skin have been248 words
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MAS ANNUAL REPORT
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644 1998-08-25 2 Conrad Raj - MAS comfortable with local banks' exposure to region, property market By i Conrad Raj THE financial sector in Singapore will remain resilient because of its strong foundation although it will continue to face a rough ride in the short to medium term because of644 words
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Article606 1998-08-25 2 Key Initiatives Implemented to date... BANKING insurance fund management equity, futures markets bono market Raise bank Liberalise Commit to placing Ease conditions for Issue $1.5b of 10disclosure standards, investment out $25b of GIC funds foreign companies to year Singapore Discontinue practice limits on Singapore over 3606 words
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Article, Illustration392 1998-08-25 3 Vikram Khanna - Banking system's strength result of "careful husbanding over many years' By Vikram Khanna THANKS partly to strong provisioning, the non-per-forming loans (NPLs) of Singapore banks are unlikely to exceed 10 per cent of their total loans even when they392 words
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410 1998-08-25 3 Conrad Raj - Restrictions on those unable to deal with Millennium Bog Byi Conrad Raj THE Monetary Authority of Singapore expects 90 per cent of fmancial institutions here to be able to deal with the "Millennium Bug", but will impose restrictions on those who410 words
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Page 2 Advertisements
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Advertisement244 1998-08-25 2 HAIR PROBLEM ACTION PUN Often, when a person detects the very The Svenson Action Plan avoids such first signs of a hair problem, he thinks it's not frustration. Because when the results of serious, it won't lead to baldness. Actions 1 and 2 are professionally assessed But, if not attended244 words
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Advertisement394 1998-08-25 2 *Ob<0OB2? Azm«fiH*U«mromp«fty safe 7 6?4 m* AMMB slocfc 1 I Ub «OB 23 Mw> 2 (Ckm» o+4 not to t« CJM. tk»t o«n) «oo Jr 1 Ob 08 08 24 N*p*<(jl su-,p»w<>< o*n4v»9 9m—l K A 'ObOBWOI H~m 6n*n«* sh«p* T hmf<*> strong «*rw i J Immmm ■s.mmmrswr.vmtnm.in J jf394 words
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Advertisement20 1998-08-25 2 I own an education institution. The Straits Times Classified ismy course to success. CATJ& 1800-737-1166 Call Today For Results Tomorrow.20 words
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Page 3 Advertisements
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Advertisement105 1998-08-25 3 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Vimin Islands Mauritius Cayman Islands Hongkong •Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For105 words
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Advertisement243 1998-08-25 3 Paair Qudang Donington Park Catalunya O Singapore PfftofmwK# Motors UntMod. J E«SI COMt C*mr« 7 280 Kampong Arang Road 7227 y Morv-Sot oam to opm m QmM Sun 10am to opm A marvtoar of tha 0 Sana Sngapora Group Thi UMMftl RMkM MMMM BMW Kl2OO R8 Don't compromise your eyes.243 words
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SINGAPORE AT HOME & ABROAD
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284 1998-08-25 4 IT may be a chronicle of his career from Wall Street to Bukit Merah, but a close read of HDB chairman Hsuan Owyang's latest book would also offer tips for investors caught in the current crisis. It is "applicable to any284 words
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261 1998-08-25 4 Carol Eng - Shopper traffic down 25% compared to 1997 but in line with expectations: polls Ihj i Carol Eng SHOPPERS reined in their spending sharply during the Great Singapore Sale this year, with retailers reporting an average 28 per cent plunge in turnover compared to261 words
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Article, Illustration578 1998-08-25 4 Poo-Cheong Wai Ming - Singapore 21 survey also finds desire for more consultation By. Poo-Cheong Wai Ming SINGAPOREANS are confident that the government runs the country well, but many would like there to be more consultation. At the same time, however, most are reluctant to speak upSource: Forbes Research - 578 words
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339 1998-08-25 4 Christopher Tan - Ify I Christopher Tan WHAT do you get when you match computer-dating with taxi-booking? Tibs' latest offer to commuters in these eco-nomically-challenged times. The transport operator is introducing a service which brings together regular taxi commuters who have a common interest getting a339 words
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Page 4 Advertisements
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Advertisement27 1998-08-25 4 Why wait weeks for an Intel® Pentium® II Processor 450 MHz PC when you can call Dell® now? |J450 I BU 1' "P www.dell.com/ap/ ***** 810 4955^827 words
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Advertisement7 1998-08-25 4 The Straits Times Classified Where buyers CATS.7 words
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SOUTH-EAST ASIA
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Article, Illustration614 1998-08-25 5 Shoeb Kagda - He and two other officers could face court martial if evidence warrants it: Wiranto From Shoeb Kagda in Jakarta INDONESIA'S powerful armed forces yesterday took another step towards repairing some of its damaged credibility by discharging Lt-Gen-ral Prabowo Subianto from activeREUTERS FILE PHOTO - 614 words
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260 1998-08-25 5 JAKARTA All directors of troubled banks included in ban Reuters DIRECTORS of troubled Indonesian banks, including Mohamad "Bob" Hasan, a former cabinet minister and golfing buddy of former president Suharto, have been banned from leaving the country, a local newspaper reported yesterday. "AllReuters - 260 words
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219 1998-08-25 5 HANOI Reuters VIETNAM has decided to end the US dollar's widespread use in transactions across the country, but bankers said yesterday that enforcement of the impending regulation could be difficult. Nguyen Doan Hung, director of the foreign exchange department at theReuters - 219 words
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Page 5 Advertisements
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Advertisement208 1998-08-25 5 One Experience. One Relationship. One Bank. All Your Financial Service Needs In One §one DBS Bank inaugurates a new priority banking service. Furthermore, you'll be instantly recognised by your exclusive It's called DBS One, and shares a SPECIAL RELATIONSHIP DBS One card, which gives you all the priority services and208 words
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FOCUS: PROPERTY
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Article, Illustration289 1998-08-25 6 [SINGAPORE] Postal sector 52, covering Tampines and Simei, has the highest estimate of housing units, according to the Department of Statistics. The area, with its 63,500 units as at April this year, is well ahead of sector 53's 51,100 units in Hougang, Serangoon and YioFILE PHOTO - 289 words
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Article, Illustration622 1998-08-25 6 Lee Han Shih - THB PROPERTY COLUMN Share prlce-MTA gap shows Investors are discounting book value by wide mangiii By Lee Han Shih Releasing its interim results last Wednesday, DBS Land told investors that each of its shares is backed by net tangible assets (NTA)ofs3.s2. Yesterday, DBS622 words
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Article, Illustration519 1998-08-25 6 Ang Wan May - Bargains appearing as more owners realise that there'll be no quick upturn Ang Wan May [SINGAPORE] Some real bargains are starting to appear in the Bangkok condominium market, previously a no-go zone for buyers, given that few units were up for sale. Individuals canFILE PHOTO - 519 words
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Article377 1998-08-25 6 Property auctions coming up THURSDAY, AUG 27 (1.30pm) Amara Hotel, Ballroom 2 Residential: 71 Hua Guan Ave: single-sty detached, 8,179 sq ft/999 yrs" 23 Swiss Club Rd: 2-sty detached, 22,132 sq ft/FH" 34 Jin Seni: 2-sty semi-D, 3,391 sq ft/FH" 44 Hillcrest Rd: 2-sty semi-D, 3,149 sq377 words
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Page 6 Advertisements
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Advertisement144 1998-08-25 6 Expanding TO TAKE ADVANTAGE OF LOWER OFFICE RENTAL? -y handle turnkey office design and renovation. One-stop. No hassle. No fuss. You'll be assured S v //s, 00 of innovative functional design, quality A(o workmanship and professional project management Your concerns are ours too costs control and on-time handover! J We144 words
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Page 7 Advertisements
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Advertisement349 1998-08-25 7 Star Quality f Business Week honours 50 Asian leaders at the forefront of change Jwwrr —T9mmwwm9^m Baagbde* Muhammad Yunus Founder, Gramccn Bank Liu Hong Director General, Legal Aflairs, China Secax. 6c f Regul. Comm. Pan Nm g Chairman, Guangdong Kelon HS fT. UTSmcon. USA T IZhang1Zhang Yimou Film Director «*h349 words
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ASIA'S ECONOMIC SLUMP
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Article, Illustration564 1998-08-25 8 Quak Hiang Whai - Surprise move aimed at speculators; dealers expect farther govt action From Quak Hiang Whai in Hongkong IN spite of the lack of fresh domestic and regional factors, Hongkong stocks surged yesterday as the government continued to push up share prices to corner speculatorsREUTERS - 564 words
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364 1998-08-25 8 Eddie Toh - Market pulled down by weak regional bourses, pessimism From Eddie Toh in Kuala Lumpur MALAYSIAN stocks yesterday lost nearly all the hefty gains chalked up last week after the government said it might shore up the bourse and prevent banks from364 words
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Article, Illustration489 1998-08-25 8 Larry Wee - All eyes on how US will take Russian, Latin American woes By\ Larry Wee [SINGAPORE] The Japanese yen once again led Asian currencies down, with spillover worries coming from Russia and Latin America. Traders cited a weekend announcement that Russian President Boris Yeltsin hadSource: Bloomberg - 489 words
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272 1998-08-25 8 AFP [TOKYO] Japanese Prime Minister Keizo Obuchi said yesterday Tokyo's decision to bail out the troubled Long-Term Credit Bank of Japan Ltd with public money would avert the risk of depression. "We cannot trigger a financial depression originating in Japan," the premierAFP - 272 words
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457 1998-08-25 8 Deflation, not inflation, should be KL's concern, it says Bernama [KUALA LUMPUR] International financial services group Morgan Stanley says Bank Negara's move to again cut its intervention rate by 50 basis points to 10 per cent is justified to counter the dangers ofBernama - 457 words
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437 1998-08-25 8 Harish Mehta - From. Harish Mehta in Bangkok THAILAND has embarked on the urgent task of rescheduling about US$7 billion (5512.5 billion) in corporate debt, the government said yesterday. So far, only 9 billion baht (Ss3Bl million) worth of debts have been resolved. Analysts warned that437 words
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Article, Illustration498 1998-08-25 8 Shoeb Kagda - Indon firms have not explored all options for solving debt woes From Shoeb Kagda in Jakarta INDONESIAN companies that lobbied President B J Habibie to declare a force majeure have been too hasty in their action and have not explored other options498 words
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CHINA – HONGKONG – TAIWAN
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Article, Illustration453 1998-08-25 9 HONGKONG Decline expected as consumers cut back on spending in the midst of recession Reuters HONGKONG'S retail sales slumped for the eighth consecutive month in June, emphasising the depths of the territory's recession. Sales fell 16 per cent year-on-year in value termsReuters; REUTERS - 453 words
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Article, Illustration478 1998-08-25 9 BEIJING Reuters CHINA'S ruling Communist Party is expected to make rising political star Hu Jintao a vice-chairman of its powerful Central Military Commission during a plenum next month, Chinese military sources said yesterday. The move would be another indication that Mr Hu was beingReuters - 478 words
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212 1998-08-25 9 BEIJING AFP CHINESE police have arrested four people in connection with a 510 million yuan (SsloB million) banking scam, official media reported yesterday. In one of the biggest bank fraud cases to hit China, police in the central province of HenanAFP - 212 words
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329 1998-08-25 9 BEIJING Agricultural losses in Heilongjiang total 14b yuan Reuters EPIDEMICS, crime and price gouging have emerged as new threats as the worst floods in decades rage across China, state media said yesterday. Disease was a top concern as waters that have displaced millionsReuters - 329 words
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128 1998-08-25 9 TAIPEI AFP TAIWAN'S unemployment rate rose to an 11-month high of 2.93 per cent in July, up 0.08 percentage points from the same month last year, a government statistics agency said yesterday. It was a rise of 0.23 percentage points from theAFP - 128 words
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Page 9 Advertisements
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Advertisement59 1998-08-25 9 If you had Oracle M Financial and Manufacturing^^ Applications to liolp M yon achiovo US$7 l>illion irfruiles, you'd i>o smiling, too HE5353SSBIill^| i ISSBSBwM "idfe hiw f .«> w -x tt m Xmm M wBBUU^M |V j0 WSBS^^M r ,v. o I'/'ih I/f ,i. li. I til I kfft l».59 words
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ASIA
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Article, Illustration543 1998-08-25 10 SEOUL Analysts fear it sends wrong signal; will deter those pushing for layoffs AFP A DEAL reached at South Korea's Hyundai Motor Co may have averted nationwide labour unrest, but it sends the wrong signal to investors seeking signs of reform, experts saidAFP; REUTERS - 543 words
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296 1998-08-25 10 BOMBAY Bonds tap savings of expat Indians in bid to ease foreign currency shortfall AFP INDIA has raised U553.44 billion (Ss6 billion) from a crucial bond issue aimed at countering US-led sanctions by tapping the savings of expatriate Indians, officialsAFP - 296 words
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319 1998-08-25 10 TOKYO AFP PRIME Minister Keizo Obuchi scraped through his first electoral test yesterday but the press and analysts warned that his future as head of a divided party tackling Japan's economic crisis was precarious. Of two weekend Lower House by-elections, the ruling Liberal Democratic PartyAFP - 319 words
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Article, Illustration410 1998-08-25 10 CANBERRA Reuters WHISPERS that Australian Prime Minister John Howard would call a national election later this week filled the corridors of parliament house yesterday as staff made final preparations to hit the campaign trail. Speculation about an Oct 17 election hasReuters; FILE PHOTO - 410 words
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153 1998-08-25 10 LAHORE AFP FORMER Pakistani premier Benazir Bhutto appeared in court again yesterday with her husband on corruption charges and urged it to unfreeze her accounts so she can arrange her defence, court sources said. Bhutto appeared before a two-judge bench of the LahoreAFP - 153 words
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216 1998-08-25 10 SYDNEY 5 killed to conceal invasion, claims human rights group Reuters INDONESIAN troops killed five Australian-based journalists in an East Timor village in October 1975 to conceal Indonesia's invasion of the territory, the International Commission of Jurists (ICJ) said yesterday. In aReuters - 216 words
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200 1998-08-25 10 SEOUL AFP SOUTH Korea is to extend 10 trillion won (5513.5 billion) in credit guarantees to smalland medium-sized firms this year to help ease a crippling corporate cash crunch, reports said yesterday. The finance ministry decided at the weekend to push ahead withAFP - 200 words
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Page 10 Advertisements
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Advertisement213 1998-08-25 10 :m a BlH^ Feature Shipping Times 7 September 98 J#^w.» Booking deadline 10 September 98 l L J MARTEC H 98 International Conference Exhibition on Maritime Safety Resource Management 2000 (organised by Singapore Polytechnic and Maritime Port Authority of Singapore) t il Appearing on the opening day of the exhibition213 words
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THE WORLD
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Article, Illustration470 1998-08-25 11 MOSCOW Acting PM vows to defend ailing banking system and move swiftly on debt restructure AFP RUSSIA'S acting premier, Viktor Chernomyrdin, signalled yesterday a change of tack in economic policy, vowing to defend the country's teetering banking system but also promising to restructure debt rapidly.AFP; REUTERS - 470 words
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432 1998-08-25 11 Neil Behrmann - 100-300 tonnes of its reserves said to have been swapped for foreign exchange From Neil Behrmann in London RUSSIA intends to use its monetary gold reserves to borrow funds on international markets, say dealers. Bullion dealers and analysts believe that the nation432 words
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153 1998-08-25 11 LONDON Reuters BRITAIN'S economy risks tipping into recession as a downturn already afflicting the country's export and manufacturing industries is spreading into the service sector, according a report published yesterday. The Experian Corporate Health Check said leading British firms were cutting their profit marginsReuters - 153 words
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154 1998-08-25 11 CARACAS AFP THERE will be no sudden devaluation of Venezuela's currency, but the government will allow minor devaluations through the market, the country's finance minister says. The Venezuelan government is considering speeding up its system of a "crawling peg", which allows the bolivar toAFP - 154 words
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Page 11 Advertisements
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Advertisement216 1998-08-25 11 ORACLE* Applications •Tung Centre •Parkway Parade •A-Z Building •Paya Lebar Road For details, please contact owner: Tel: 437 6853 437 6872 534 3132 Sunday Classified at Clarke Quay Every Sunday, 9am spm |cata| pentlum*! IS IT YOU THEY'RE STARING AT? OR IS IT YOUR THINKPAD? f IBM THINKPAD SERIES ThinkPads216 words
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EDITORIAL & OPINION
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Article, Illustration815 1998-08-25 12 Neil Behrmann - THE BOTTOM LIME OPINION By Neil Behrmann The writer is BT's London correspondent ONCE again everyone hopes that it will be contained, but once again the emerging markets crisis has spread further afield this time to South America. Economists now fear815 words
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Article84 1998-08-25 12 'It's gambling, basically. I think the next big crash globally is going to be caused by these derivatives which allow people to buy what they don't have and sell what they don't have.' -MarkMobius of Templeton Asset Management, on short-selling and speculators 'We're in the eye of84 words
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Article648 1998-08-25 12 EDITORIAL IT was indeed appropriate that Prime Minister Goh Chok Tong made ties with Singapore's two immediate neighbours a major theme of his National Day rally speech Relations with Malaysia and Indonesia have been severely tested of late, partly the result of the regional financial crisis.648 words
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Article, Illustration1403 1998-08-25 12 Walter Russell Mead - The last great meltdown led to the Depression and spawned Hitler and an expansive Japan By Walter Russell Mead The writer, a senior fellow at the Council on Foreign Relations, is the author of 'Mortal Splendour: the American Empire in Transition 'and isLATWP; FILE PHOTO - 1,403 words
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Article771 1998-08-25 12 Power of the patent AN ambitious biotechnology company has announced it will try to map the human genome, competing with the Rockville, Maryland-based Celera Genomics Corp and, indirectly, with the federal government. The government is expected to put US$3 billion (S$5.3 billion) altogether over 15 years771 words
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Page 13 Advertisements
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Advertisement366 1998-08-25 13 GX f IMt'l fra ItiMf? I rial il i« Cats' Mews/ Click Catt' Hurt ii S«i<i«f ClutifM ffcit wukni.J CATS. Where to Wine, dine 31ld ciltcrtein>«» Emergency Referrals Whilst overseas. *****45 Mingle with friends or corporate clients at Club 5. Warm your spirits at our Fashion Show (Mon 8C Thur)366 words
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Advertisement99 1998-08-25 13 Revolving a Restaurant 19th floor I Enjoy I A STYLISH LUNCH AT j TOP OF THE 'M* j REVOLVING RESTAURANT: WITH 25% SAVINGS THIS AUGUST! j CaU 831-6258/88 for your reservations. I 1 /-J Mamiann QQ Singapore mm; 333 Orchard Rood, Singapore *****7 Tel: 737 4411 Lunch 12 pm-2:3opm Dinner99 words
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Page 13 Miscellaneous
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Miscellaneous854 1998-08-25 13 TV&RAPIO 6.00 News sToday Followed PMIMiW ;¥ii i'i Wii By Can. 12.00 NN Response TV. 2.00 PM Response TV. 6.30 The Pyramid Game. 2.00 PM TV Innovations. TV Innovations. 7.00 News 5At Seven. 4.00 Nalanthana. jta jm 4.00 Kidz Blitz: Sesame 7.30 The Jamie Foxx Show 4.30 Arattai Arangam. Street.854 words
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Miscellaneous212 1998-08-25 13 CRYPTIC CROSSWORD 10 Sort of recorder involved in 14 Starts to serve time in Russian 29 Channel without water, we I 1 1 I I I I i I 1 I 1 hear (6) 30 Island may be represented by any elder (8) 8 Code word for "S" is rare212 words
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Page 14 Advertisements
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Advertisement533 1998-08-25 14 J» 'IB' >-• J MR > ,1 i sp# Ilk/ '^Hl jmH ESEijHB K. i«*« J| m ■■F"-^'«>iiiß!> I BlJ!7#'#.'/:Ji B m v -*m r J v *i,i«' J Here Wifnwu "It's my job to make sure Hitachi colour display tubes are of the highest quality." ••This is where dad533 words
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COMPANIES & MARKETS
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1005 1998-08-25 15 Clarissa Tan - Fast-changing banking environment also prompts product differentiation Reports by l Clarissa Tan [SINGAPORE] In the ongoing regional rout which can turn the best of accounts into a bad debt asset quality is seen to offer far better insight into a bank's health and1,005 words
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401 1998-08-25 15 [SINGAPORE] DBS Bank's investment in Thai Danu Bank (TDB) is giving analysts the jitters even though they are aware the investment is part of the bank's long-term strategy to boost its regional presence. "It's a black hole," said one analyst in reference401 words
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765 1998-08-25 15 Russell Baker - HOCK LOCK SIEW Russell Baker ON Oct 14 the Australian Stock Exchange (ASX) will create history by becoming the first exchange anywhere in the world to list on its own market. The ASX's board is to meet this week765 words
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461 1998-08-25 15 Quak Hiang Whai - From Quak Hiang Whai in Hongkong KWEK Leng Beng's CDL Hotels International yesterday unveiled a 52.7 per cent jump in interim earnings but the increase in profit was due to a sale of shares in a Londonlisted subsidiary. CDL Hotels, a461 words
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REGIONAL COMPANIES
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611 1998-08-25 16 Ronnie Lim - Mexican firm prepared for minority stake, but with more say By] Ronnie Lim [SINGAPORE] Mexican cement giant Cemex expects an outcome today or tomorrow on its plan to buy into Indonesia's largest cement company, listed PT Semen Gresik, whose share price fell further yesterday611 words
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226 1998-08-25 16 Russell Baker - BIL asked to call special meeting of shareholders From, Russell Baker in Sydney THE Brierley Investments Ltd saga took another turn for the worse yesterday with disgruntled 20 per cent shareholder, Malaysia's Camerlin Group, seeking to oust BIL chairman Roger Douglas. Camerlin, which is226 words
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221 1998-08-25 16 Bloomberg [KUALA LUMPUR] Arab-Ma-laysian Finance Bhd (AMD, Malaysia's third largest finance company, is considering selling bad corporate loans to the governmentbacked agency set up to clean up bad debt at the country's financial institutions. "We're exploring it; it is an option we're looking atBloomberg - 221 words
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Article159 1998-08-25 16 [SINGAPORE] Singamas Container Holdings yesterday posted a net profit of U*****,000 (*****,576) at the halfway stage, almost triple the U*****,000 it made in the first half last year. The improved performance came on the back of a 9.7 per cent increase in turnover to U5575.3 million,159 words
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409 1998-08-25 16 Collapse of property market, economic woes blamed Reuters [HONGKONG] Citic Pacific Ltd is expected to report sharply lower net profit for the first half of 1998, with earnings hit by the bursting of Hongkong's property bubble and a slowdown in the economy, analystsReuters - 409 words
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203 1998-08-25 16 Reuters [MANILA] Sime Darby Pilipinas Inc, a member of the Sime Darby group of Malaysia, said it asked the Philippine Stock Exchange yesterday to delist its shares due to the market slowdown. The property firm decided on the delisting of its shares during itsReuters - 203 words
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COMPANY Briefs
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51 1998-08-25 16 I SINGAPORE Clipsal Industries (Holdings) has raised the investment of its two Hongkong subsidiaries— Bowden Industries and Clipsal Asia —by capitalising long-term borrowings. As a result, the issued share capital of Bowden and Clipsal Asia is now HKs2o6million <$$47 million) and HKJS7 million, respectively.51 words
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65 1998-08-25 16 [KUALA LUMPUR] Kedah Cement Holdings Bhd, Malaysia's second-largest cement maker, has askedSar its shares to be suspended from trading on the Kuala Lumpur Stock Exchange pending an announcement On Friday, the company said It was in talks with some of the world's biggest cement companies65 words
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56 1998-08-25 16 [SINGAPORE] Want Want chairman Tsai Eng Meng yesterday bought six million shares, or one per cent of the company, at prices from US$O.52 to US$O. $3. His stake in the company is now 52.7 per cent The stock was among the most active yesterday56 words
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REGIONAL/INTERNATIONAL COMPANIES
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616 1998-08-25 17 Ruth Wong - Board will not buy shares of debt-laden group, only assets of subsidiaries From Ruth Wong m Kuala Lumpur IN less than a week after Malaysian Prime Minister Mahathir Mohamad indicated that the Haj fund may be tapped to prop up the616 words
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339 1998-08-25 17 Reuters [MELBOURNE] Telstra Corp is expected to beat its own forecast of a As2.B billion (552.9 billion) profit for 1997/98 when it issues its results tomorrow, providing more good news for the mum and dad investors who bought the telecom group's shares inReuters - 339 words
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Article, Illustration69 1998-08-25 17 [TOKYO] Yoshikazu Haniwa (right), president of Japanese automaker Nissan Motors, showing off the changed "Avenir GT4rZ"at the headquarters in Tokyo yesterday. The new orthodox wagon features the dedicated wagon body and a new multi-link rear suspension to achieve exquisite riding comfort and superb handling and stability.AFP - 69 words
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256 1998-08-25 17 Russell Baker - From Russell Baker in Sydney FOSTER'S Brewing Group is planning to sell two of its three breweries in China and has written down the value of its Asian operations by A 5167.7 million (*****.4 million). The Australian beer group announced yesterday it256 words
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404 1998-08-25 17 Ruth Wong - Nat Steel associate hit by interest costs, sharp fall in demand Prom Ruth Wong in Kuala Lumpur SOUTHERN Steel, a 26.26 per cent associate of Nat Steel Ltd, yesterday stunned the market with a whopping group net loss of 85.64 million Malaysian ringgit404 words
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276 1998-08-25 17 Bloomberg [SYDNEY] AMP Ltd, Australia's largest fund manager and life insurance company, exceeded analysts' forecasts for its first profit as a traded company. The company, transformed this year into a public corporation, said net earnings from operations were As6o3 million (*****.8 million), or 58Bloomberg - 276 words
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FINANCE & COMMODITIES
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347 1998-08-25 18 But no agreement yet on shareholding ratio, staff cuts Reuters [SEOUL] The boards of directors at Commercial Bank of Korea and Hanil Bank were due to meet yesterday to approve a merger deal between the two major commercial banks, spokesmen at theReuters - 347 words
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434 1998-08-25 18 Siow Li Sen - Resistance felt despite hnge forex losses suffered By I Siow Li Sen [SINGAPORE] Selling hedges or risk management products is still a difficult job despite the huge forex losses suffered by corporates across the region, said Peter Colvin, regional head of derivatives434 words
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Article, Illustration265 1998-08-25 18 Bloomberg [SYDNEY] The Sydney Futures Exchange said it has signed a memorandum of understanding with Austraclear Ltd to investigate the development of a 24 hour on-line clearing facility. The SFE is the major Australian clearing house for the futures, options and debt instruments markets, andBloomberg; FILE PHOTO - 265 words
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357 1998-08-25 18 Bloomberg AFP [KUALA LUMPUR] Indonesia will make a final appeal in October to the International Natural Rubber Organisation (Inro) to support rubber prices, failing which they will pull out of the cartel, Malaysian Primary Industries Minister Lim Keng Yaik said yesterday. RubberBloomberg; AFP - 357 words
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300 1998-08-25 18 Talk rife of AMP and National Australia Bank merger Bloomberg [SYDNEY] Australia's antitrust regulator isn't likely to stand in the way of an Australian bank buying an insurance company, its chairman Allan Fels said. Mr Fels, chairman of the Australian Competition and Consumer Commission, said theBloomberg - 300 words
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Article234 1998-08-25 18 Report Reuters [SINGAPORE] Simex Euroyen futures rose yesterday after Bank of Japan (BOJ) governor Masaru Hayami reiterated the central bank's commitment to provide ample funds to avert a credit crunch in Japan. Mr Hayami said the central bank would conduct large commercial paper buying operationsReuters - 234 words
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181 1998-08-25 18 Cecilia Loh - MS& TAIWAN FUTURES Cecilia Loh Cecilia Loh, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures and the cash market were highly correlated, edging down 14.10 points and 10.31 points respectively yesterday. The Taiex posted a loss of 255.62 points, its largest181 words
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263 1998-08-25 18 ENERGY REPORT Bloomberg [NEW YORK] Crude oil was little changed as a report that Iraq will ship less oil during the next three months left traders still concerned about the worldwide oversupply. Iraq will cut exports by about 250,000 barrels a day throughBloomberg - 263 words
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Article290 1998-08-25 18 AFX-Asia AFP Tfffmtftti THE US dollar eased against the yen and the mark in late trade yesterday as thin volumes allowed the currency to sag in a market bereft of buyers, dealers said. Jeremy Stretch of Greenwich Nat est said the dollar's glide lower had little to doAFX-Asia; AFP - 290 words
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Article, Illustration1106 1998-08-25 18 DITBRBAME CROSS RATES AmU 3 0M0 10* 4.M5 i4.6w!»»0 m» TJM l" IMaJJi! l£ »£»|!SJSWjC IT li si £1 fl H"^r 2 jsj .sssis us ts iM 9.H4 6.422 1.975 f.Mj 44«fl312t«l68 UA1 UJ3I 4,646 ?2S S9 4S7 jtmi till 7 am </J> MT M wi ACM <Mi Frwe# 0.2151,106 words
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Article1573 1998-08-25 19 MOOM PUTUIBg Aug 24 NMC> (MWM dMki| SJ0M ISS1 CONTRACTS cwitita) Oqm Volan Opto M—O L— Sott ggjgg Nrtoro*t St»* m.75 HL7S 112.00 190 100 Oct 98 113.00 moo moo 550 vm No* 98 113.75 1450 DkN ***** nso JM/ltar 99 117.50 2025 Apr/J*»99 ***** 1950 <MrSop 991,573 words
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Article1957 1998-08-25 19 MM Hma 31 Group .526.000 -1.000 AB Pom 299.000 -3.000 APtoey National >090.000 10.000 AMedOomecq 533.000 -L400 Ama« *****0 -0.400 Asda Group 176.000 -3.400 •AT Ind 627.000 -22.000 BGPIc 386.000 *12.800 ®*CC 101.000 -1.000 BOC Croup 850.000 7.000 BR Petroleum 831.000 -19.000 ■TP 149.600 until Bank of1,957 words
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Article1640 1998-08-25 19 Bloomberg □Mktoi 225 -30t84 JAPANESE stocks fell for a third day as the rout in global stock markets, including Wall Street's three-day descent, threatened to slash exporter profits. Sony Corp and Toyota Motor Corp paced the declines. Russian President Boris Yeltsin's decision to dismiss his four-month-old cabinet also madeBloomberg - 1,640 words
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Article, Illustration1552 1998-08-25 20 Reuters FlHangSeag +317 iff HONGKONG stocks shrugged off weak overseas markets to sprint to a sharply higher close yesterday, fuelled by government buying, brokers said. The Hang Seng Index rallied 317.87 points, or 4.22 per cent, to finish at a day high of 7,845.48. The market staged a powerfulReuters - 1,552 words
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Article, Illustration593 1998-08-25 20 Reuters FlShMrijaißladei +O.QJ SHENZHEN'S hard-currency B shares inched to a slightly higher close yesterday as afternoon gains on the Hongkong stock exchange sparked modest buying interest, analysts said. The B Share Index crept up 0.02 point, or 0.04 per cent, to 55.36, on vol ume of HK$9.6 million, contractingReuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 593 words
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Article308 1998-08-25 20 AFP HWP Index -256^2 TAIWAN share prices tumbled 3.5 per cent yesterday, sending the market barometer below the key 7,000-point level on the back of a plunge in technology issues, dealers spid. The Taiwan Stock Exchange Weighted Price Index dropped 255.62 points to 6,957.75. "Investors flocked to dump technologyAFP - 308 words
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Article, Illustration719 1998-08-25 20 AFP D Composite Index -17,80 INDONESIAN share prices closed 4.6 per cent lower yesterday amid concerns over the proposed privatisation of state cement manufacturing firm PT Semen Gresik, dealers said. "Market players are still concerned about the privatisation process, despite government comments that it began renegotiating with Cemex onAFP - 719 words
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Article, Illustration775 1998-08-25 20 AFP Q SET Index -5.77 THAI share prices fell 2.4 per cent yesterday as Investors cashed in blue-chip stocks in the absence of any positive developments, analysts said. Analysts said share prices also closed lower in line with weaker regional markets, with leading bank stocks taking the brunt ofAFP - 775 words
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Article299 1998-08-25 20 AFP Q Manila -49.49 PHILIPPINE share prices closed 3.6 per cent lower yesterday on the back of bleak regional sentiment. The Philippine Stock Exchange Index fell 49.49 points to close at 1,323.11. Turnover fell to 220.42 million shares worth 602.50 million pesos from 228.9 million shares valued at 528AFP - 299 words
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Article409 1998-08-25 20 AFP P Composite Indei -018 SOUTH Korean share prices closed barely lower yesterday with cautious investors sidelined as Russia's political and economic turmoil spilled over into world markets, dealers said. The settlement through government intervention of a lingering labour dispute at South Korea's giant Hyundai Motor Co did notAFP - 409 words
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Article583 1998-08-25 20 AFP PAflOrdnuuiag -312 AUSTRALIAN share prices fell 1.3 per cent yesterday as weakness in offshore bourses and a softening Australian dollar combined to push the market lower. The All Ordinaries Index fell 33.2 points to 2,601.8. The All Industrials Index dropped 59.3 points to 4,596.4 and the All ResourcesAFP - 583 words
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Article247 1998-08-25 20 AFP □Wellington -46.72 NEW Zealand shares closed down 2.3 per cent yesterday, depressed by the turmoil in Russia and sliding offshore markets. The NZSE-40 Capital Index fell 45.72 points to 1,955.78 on light turnover of NZ546.75 million. Telecom slipped 15 cents to NZ$B.l5 and Carter Holt Harvey fell 11AFP - 247 words
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KUALA LUMPUR STOCK MARKET
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Article7249 1998-08-25 21 MOUSTtULS -J?? 3E?$* ClMMf prefects •••6 LMt Vai Day Mat Cap HN> In Ciwpn M> -BOO WO L—r P/t W 310 170 Ajinomoto 190 10.5 77.0 W6 35.5 Angkasa 40 0.9 59.0 290 123 ApoNoFood Hlg 130 1 1 130 130 4.5 52.0 3M KM BorjayaLand 148 -2 109 Ml7,249 words
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Article, Illustration370 1998-08-25 21 AFP n Composite Index -&86 MALAYSIA'S key stock index fell 2.1 per cent yesterday in thin trade as jitters over economic and political turmoil in Russia hit sentiment, dealers said. "Uncertainties in Russia affected investors' sentiment and it exerted a bearish sentiment on the stockAFP - 370 words
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WARRANTS & OPTIONS
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Article3124 1998-08-25 22 BOMBS, LOANS ft WAMMNTS m t*M LMt V«4 Day Lm« Owata Avg Hflh_ Ln St r>o Camp any Sata *ar- COOP) High Law Buyar Mhf Prtca 23.5 8 m 3000 m AM08 c5.5******6 10.5 20.5 3 3160 "Acar ******1USS 4 3.5 4.5 95 6 3164 Acma ******4 T.5 -0.» >53,124 words
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206 1998-08-25 22 Ven Sreenivasan - WARRANT WATCH -By Ven Sreenivasan IT does not take a trained eye to realise that many warrants have plunged to their lowest levels ever in the wake of the stock market tumble. Some of these instruments have relatively long periods to expiry. But does the206 words
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Article2084 1998-08-25 22 T^uisacnorwhUcjAu^24j Or Qr L4«t yi D* LaatOmta Dk Ok TN W M Cap mm L— $<— Campany Ml roop) H»g L— 8»yar Sa8ar CV PR. tmrn 135 28 miSOOOAJSBSOc SI -3 SM S2 413 30.5 51 5.0 33 2.1 21.4 523 65.5 10 ml5001 AMDBSOc 12 unch 1142,084 words
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4883 1998-08-25 23 Transaction d.ito Aim 24 j Gr Or M Wt Lppt Vol 0py Ult Ouotp Mv tMv YW Not Cap Avg JUS «tHo C»mpo>»y M> COOP) Hmi Ug 8«yof CMf P/t $mH Pricp MMKTMMJ <3 113 p 1020 ACE Dynpmics20c.... 12 11.5 12.5 0.1 16.54,883 words
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Article801 1998-08-25 23 ar a --u, i a £j£ 134 SO *2000 ABRHMgiSc 773- I 77~« 243 42 2049 AS Auto 10c 48 -1.5 33 48 5 475 47 s I« «/L 378 n 82 48 5 2051 ASJ HMft20c 57 4 3 J! 7 43 54.8 48 27 K> t 2061801 words
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STOCK EXCHANGE OF SINGAPORE
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Article202 1998-08-25 24 Stocks ¥«ta— 'North Borneo 8.131.000 •M Resources 6,990,000 W Want US20c 6,933.000 DBS Land 6.646,000 •Met Capital 4,835,000 City Dev 50c 4.228.000 STEnggWc 3,072,000 SingTel 15c 2,977,000 DOB Foreign 2,900,000 Starts City Dev 50c 15,568.044 SU Foreign RI50.293 U06 Foreign WUH SPH 0287,340 OSS Land 7,684.800 SingTel 15c 7,474,072 Venture202 words
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Article, Illustration70 1998-08-25 24 Shiv Taneja - i-by Shiv Taneja JIT Holdings closed one and a half cents lower yesterday at 60 cents on a volume of 2.32 million shares, compared with its 10-day traded average of 583,600 shares. There are conflicting signals from the charts. The daily and weekly RSI and Stochastics charts point70 words
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Article, Illustration603 1998-08-25 24 Ven Sreenivasan - STOCK MA&KHT COMMHMTART PM Gob's comments that govt won't artificially prop up property market affect sentiment; absence of any sign of prime rate cot also adds to market's woes By Ven Sreenivasan SINGAPORE stocks, particularly bank and property counters, slumped after Prime Minister603 words
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ON THE GRAPEVINE
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Article94 1998-08-25 24 THE French give each other a peck <Mi the cheek as a greeting. Some Japanese offer their vital statistics. But one London trader from a big Dutch bank has developed a greeting to make the biggest impression by far. Seconds after being introduced, the 25-year-old who was94 words
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Article137 1998-08-25 24 HOW much is Michael Jordan, the world's greatest basketball player, worth? Jordan, who was paid a salary of USSMmiUkm (59G0.1 million) by his club, Chicago Bulla, for the recently-ended basketball season, is considered the world's richest sportsman Fortune magazine recently featured a cover story on the "Jordan137 words
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Article109 1998-08-25 24 1 ni.l .ipi YESTERDAY saw 1,400 people in 482 teams begin Simex's third simulated futures trading game. The previous champion team, "Ladies Only," is in again with a new member, but they are now calling themselves "Sailor Moon". Ladiee Only won the handaome prixe of $10,000 of109 words
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Article128 1998-08-25 24 THINK ofa repeat of a Soros-Mahathir clash. And think of Singapore's Senior Minister Lee Knan Yew being around. Impossible? Well* something quite doee to that mayjust happen sometime in November. Apparently George Soros, controversial chairman of the Quantum Fund, and his nemesis Malaysian Prime Minister128 words
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Article113 1998-08-25 24 IT looks like there Is trouble in paradise. Reuters reports that California-based Paradise Holdings has filed for Chapter 11 bankruptcy protection. "Rie restaurant operator aaid that filing for bankruptcy Is its only option after AFC Enterprises unexpectedly withdrew its offer to purchase the company's Paradise Bakery operating113 words
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Page 15 Advertisements
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Advertisement69 1998-08-25 15 We've been building machines like this for over 50 years. The ones that fly. s<rnpiy s p dcr- nd :^c-v- h cc o* SAAB 9-5 W»t f > c• c■ SO vc:.- :*c»pc: tS dOS'gr\ TSt'C 1 C*- Di C D 6 !'*CCt •y" C O C C C'C t69 words
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Page 16 Advertisements
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Advertisement2120 1998-08-25 16 a w* JiH CM Telecom International Limited llncorporated in Bermuda with limited liability! NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CM Telecom International Limited will be held at Basement Function Room 11, Luk Kwok Hotel, 72 Gloucester Road, Wanchai, Hong Kong on2,120 words
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Page 17 Advertisements
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Advertisement709 1998-08-25 17 Save lip To 20% And More On Your Cargo Insurance Take advantage of NTUC Income's distinctive advantages in cargo insurance if you are in the importing and exporting business and need insurance coverage for your cargo. Competitive rates We offer very competitive rates of up to 20% lower. Experience refund709 words
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Page 18 Advertisements
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Advertisement6 1998-08-25 18 (£ro£ertie&> Straits Times Classifications 402-568 I6 words
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Advertisement15 1998-08-25 20 Buy It. Sell It. Find It. Classified. oft Call Today For Results Tomorrow. 1800-737 116615 words
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Advertisement24 1998-08-25 21 'J J -:f Willi J.U I_ 1. I 1..J Visit The Straits Times Classified to start your holidays on L the right foot. i24 words
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Page 22 Advertisements
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Advertisement83 1998-08-25 22 Hello? I'm calling about\ /''"'i mso happy your advertisement in Y great just like 1 found m V P 6 throu h J. The Straits Times Classified... 1 the ad The Straits Times Classified. J Ik you snll have the puppy... J described. J V'm g°'ng to take real goodJ83 words
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Page 23 Advertisements
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Advertisement65 1998-08-25 23 Hello, C.A.T.S J!% wow!\ advertisement to J I buyer I love this car sell my car VCry I that I found f I through J Jk*Jk A The Straits Times Vroom M i vro m i i Buying or selling through JO. 4»xt&H "J"'J G3 2/ The Straits Times Classified65 words
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Page 24 Advertisements
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Advertisement99 1998-08-25 24 Advertising in Turbulent Times Are you qetting the reacSL as promised? SHIPPING nMES GUARANTEES "48,000 daily circulation! In Singapore, when you want to reach out to a select target audience in HW3 only one daily offers you the advantage of maximum reach at minimum cost. And that's Shipping Times. For99 words
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Advertisement165 1998-08-25 24 BUSINESS Xoth I n .id\ c rtisf call toll li'c*.- IN(MI-~41 INS.* MEW CENTURY MUSJC ft ART ACADEMY PTE LTD Vet. LJq«idation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap. 50 that the Final General Meeting of the Members of the abovenamed Company165 words
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Advertisement415 1998-08-25 24 -J SAVU PROPERTIES LTD 5550,000,000 SECURED FLOATING RATE Notes Due 2002 In accordance with the provisions of the Notes, notice Is hereby given that tor the six-month period from 25th August 1991 to 25th February 1999 (IS4 days), the Notes will carry a Rate of Interest of 6.0625% per annum415 words
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Advertisement196 1998-08-25 24 NOTICE TO CREDITORS OF FIRST MEETING IN THE MATTBt OF THE COMPANIES ACT (CHAPTER SO) AND IN THE MATTER OF INTE'CON CONTRACTING PTE LTD (M LIQUIDATION) COMPANIES WINDING UP NO. 10 OF IMB Notice is hereby given that the First meeting of the creditors of the abovenamed company wit be196 words
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Advertisement401 1998-08-25 24 h *t MP uf d* C nfi i Ad. jO NOTICE or RESOLUTION LANVIN (SINGAPORE) PTE LTD (la Credaors Vbiaauy Wmda«-Up) Al an Extraordinary General Meeting of fee above Company daly convened aad held at IS Rae Da Faaboarg SaiaiHoaore. Paris oo the 20* day of August 199t at 9.00401 words
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SHIPPING TIMES
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Article309 1998-08-25 25 Bridge News Reuters LATE trading was very quiet before the weekend —typical for a Friday. A couple of grain cargoes appear to have been covered, but generally details of concluded business were scarce. TANKER* New business was in short supply, and as such the tanker market was "quiet"Bridge News; Reuters - 309 words
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Article283 1998-08-25 25 SES 000 imu ss w C WT OtitrttHitian (L27 -0.005 29 ChuanHup 0.37 -0.015 V48 Cosco investment -0.45 -0.02 34 Fralght Links 0.12 -0.01 2*3 08 Holdings 020 Hal Sun Hup 0.425 *0.035 27 HKeehlZosen 0.54 uncti 572 IMC Holdings HK 5.60 Jaye Holdings 0.365 unch I Shipyard283 words
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Article, Illustration702 1998-08-25 25 Felix Chan - Productivity, frequency of main-line also cited as factors that make S'pore top transhipment port By Felix Chan [SINGAPORE] The efficiency and productivity of the Singapore port are the main contributing factors which have made it the top transhipment port in the world702 words
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210 1998-08-25 25 Journal of Commerce [LONDON] P&O Nedlloyd and other members of the Trans Atlantic Conference Agreement have little to fear from threats of major fines to be imposed by the European Commission for alleged antitrust violations, according to the company's top executive.Journal of Commerce - 210 words
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268 1998-08-25 25 Felix Chan - High Court to decide on liability of owners of ships involved in accident 2 years ago By. Felix Chan [SINGAPORE] A court hearing on the 19% collision between the containership Ming Galaxy and the bulker Herceg Novi began yesterday at the High Court268 words
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Article74 1998-08-25 25 [SINGAPORE] A tug sank following a collision with a naval vessel at the mouth of Tuas Bay on Friday evening. According to a statement from the Maritime and Port Authority of Singapore (MPA), the master and two crew members of the wooden tug boat are safe.74 words
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108 1998-08-25 25 [SINGAPORE] Communications Minister Mah Bow Tan will deliver the keynote address at the second International Law Seminar on Friday. The seminar is organised jointly by the Ministry of Defence, the Maritime and Port Authority of Singapore (MPA) and the Society of International108 words
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280 1998-08-25 25 NYT [RIVIERA BEACH, Florida] The Port of Palm Beach is to have US$l2 million (Ss2l million) cruise terminal which will be a key element in the port's three-year, US$65 million expansion. The five-story complex is expected to become the signature buildingNYT - 280 words
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Article, Illustration676 1998-08-25 26 P T Bangsberg - PILOT&OE ROW IN TAIWAN Authorities study recommendations to prevent pilots' threat to halt services in protest over plan to cut their number From\ P T Bangsberg in Manila A SERIES of recommendations to end a stalemate between shipowners and pilots is being studied by authoritiesFILE PHOTO - 676 words
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Article230 1998-08-25 26 PAGE Danveron 4 ACL 9 ANL 3 Djak Lloyd 9 Accord 8 Dongnama 3 Appenship 5 ECL 5 Astro 3 Ewgreen 6 Austral 9 Foonq Sun 8 BSA 7 G Link 4 Bayswater 6 Gemartrans 8 8'tang Mas 8 Genshpg 9 CCNI 7 HaiSunHup 8 CMA 9230 words
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Article23712 1998-08-25 34 THEBUSINESSTIMES thebusinesstimes EXPORT ETA ETA Advertiser Vms«I Voy 4ge Telephone ETA ETA Advertiser Vessel Voyage Tetepfton• SIN DesTn Nam* Nam* Number Number SIN Dest'n Nam* Nam* Number Number 01/09 03/10 Triestino EVER GENERAL 0229-041W 45-*****15 A 09/09 N/09 COSCO NAXIHE 0009 w 65 *****00 To ABIDJAN (ABJ) 200323,712 words
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SHIPS IN PORT
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Article692 1998-08-25 39 Vt$s»l Voy No Berth Arrival Departure >»m PMt AMe Ensign 24 J14 alongside 26 08/0700 btuttcn ON JtO alongside 25.08/0600 lay Bonanza 17 J1S alongside 24.08/2130 Bt Ham* Jay 5A0898 J01 alongside 25 08/0300 St Pu r*tor2 AUC24 JOI alongside 24.08/2359 Bt Sejati AUG24 J01 alongside 25 08/0600692 words
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Article1749 1998-08-25 39 receiving of export fcl containers and lcl cargo Bookinq/Bo lancc Rstls SWp Voy No Etb/Btr Ptriod From Tp From Au HrttKiH OK* 25/BOO M 24/1500 24/1659 24/1900 24/1500 24/1*54 24/NOO MMMWl (23SN 27/0700 U 24/BOO 24/1*59 24/1900 f. i 4 24/1654 24/1900 24W00 25/0*59 25/0900 2V0659 25/0900 J1,749 words
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Article189 1998-08-25 39 Aug 3L Luxembourg: Luxembourg City Kermesse. Malaysia: National Day. United Kingdom: Summer Bank Holiday. Bap 7 Canada: Labour Day. Hong Kong: Day following Midautumn Festival. United States: Labour Day. Bap 15 Japan: Respect of the Aged Day. Bop 10 Mexico: Independence Day. Bap 23 Japan: Autumnal Equinox Day.189 words
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Article752 1998-08-25 39 THIS report, compiled by Cockett Marine Oil Ltd. shows nice ranees in US dollars instead of single pnoas for a more comprehensive description of the Prices shown are baaed on average sixed stem Market movements sre indicated The Cockett Bun kar Price Index change and the752 words
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Article404 1998-08-25 39 Cerbon ISO Mo 992.0 0J 19 9 0.09 72 O.OS *«»9 20 Density Weter Residue As* Aluminium Sediment No ibove E2S 2 0 8 0 0 0 >ttrt 360 AM 967.5 OJ 15.5 0.06 31 0.03 t„» 360 M« 992.3 0.9 19.2 0.11 m 0.26 >**"404 words
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AIR & LAND TRANSPORT NEWS
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Article, Illustration251 1998-08-25 40 Hongkong Air Cargo Terminals Ltd now running all operations out of Super Terminal 1 AFP [HONGKONG] Hongkong's main cargo handler resumed full operations at the new international airport yesterday, more than, six weeks after breakdown wreaKea haV6c with local cargo trade, aAFP; FILE PHOTO - 251 words
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Article, Illustration175 1998-08-25 40 [SINGAPORE] Air New Zealand has dressed up a Boeing 737-300 in a special millennium livery to commemorate a series of international events taking place in the South Pacific over the next two years. "It's every bit like a travelling billboard," said Grant Lilly, Air New175 words
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187 1998-08-25 40 Reuters (NEW DELHI] Domestic airlines in India could be hit by the introduction of new aircraft into the sector, state-run Indian Airlines said in a paper submitted to the Civil Aviation Ministry. The document said seat occupancy levels could stagnate at 51 per centReuters - 187 words
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97 1998-08-25 40 Bridge News [SHANGHAI] The Shanghai Aviation Industry Corp will produce more complicated aircraft with US aviation giant Boeing, and also refit some McDonnell Douglas aircraft, said the Shanghai firm's general manager Li Wanxin, according to the official Xinhua News Agency. Shanghai Aviation already producesBridge News - 97 words
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333 1998-08-25 40 AFP [PHNOM PENH] The management of Cambodia's main airport in Phnom Penh wants direct international flights to the home of the famed 12thcentury Angkor Wat temple complex halted, a report said yesterday. Cambodian Airport Management Services (CAMS), which runs Pochentong InternationalAFP - 333 words
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Article1740 1998-08-25 40 FUBff no FUtHT CTO K***** t6IO IH779 2359 AdolaUa BA7381 1930 BA7382 2055 *****5 1610 HZ4579 2359 0F81 1930 0F82 2055 0F06 1845 S***** 23S9 ***** 2220 Fakaoka S0989 1710 ***** 0105 AastartM N***** 0755 K1844 0040 tlWjlHiHC ***** 1905 C2354 0910 S0327 0755 KL838 23001,740 words
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Page 25 Advertisements
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Advertisement25 1998-08-25 25 Taiwan seeks to end stalemate in pilotage row Authorities study proposals to prevent pilots' threat to halt services in protest over layoff plan. Page 225 words
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Advertisement375 1998-08-25 25 PMpje eAir New Zealand has appointed Gerard Gilmore as Manager-Asia. Mr Gilmore, who is currently the airline's North Asia manager, will move from Hongkong to Singapore to assume his new role from Sept 1. J He will oversee all sales, marketing, and airport operations of the airline in Korea, Taiwan,375 words
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Advertisement117 1998-08-25 25 Full cargo operations resume at Chek Lap Kok Hongkong Air Cargo Terminals Ltd now running all operations out of Super Terminal 1. BackPage Advertising in Turbulent Times Are you qettinq the as promised? shipping times GUARANTEES '48,000 daily circulation! In Singapore, when you want to reach out to a select117 words
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Advertisement703 1998-08-25 26 ISUPCR SHUTTLE EXPRESS [puif KARACHI EXPRESS (OKX) I 16« SM VKSa Ivorl JU I MM I UN I MB I Ul I (01 I KG I W OOQCAUOMU NWS3I os/M 23/ i 00a HONGKONG 17W531 11/ M M/M PtO NCDUOYD lAMAM Mi OS/M 07/N 07/ M M/M U/M U/M 77/703 words
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Advertisement92 1998-08-25 26 A SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN PORTS Hong Kong ft AM China ggjg jMtt Mi MM MMU VESStL VOY UP SIN ETA TYO ETA KOI ETA TOK ETA NOP ETA OSA NOl DIAMOND92 words
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Advertisement641 1998-08-25 26 Ltnes services represented Singapore Shipping Association CONTAINERS/CONVENTIONAL CARGO ACCEPTING ON DIRECT SAILING TO MALE ETA PKL ETA SIN ETA MALE PrinoessLfly V' 0498 11/09 12f19 1909 Princess LDy VOSSB Oft'lO 07/10 14/10 LILY MARINE SERVICES SINGAPORE r*mm* SS4 7SM/*****44 Fas U47IM SCANCHART AGENCIES SDN BHD TEL* WII7H Fmd (OS) MlttM641 words
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Advertisement1052 1998-08-25 27 SAX SIRVKE (DIRECT) Ivesa voy sweta luxloa not hou q* ax <n hk tfITOURMAHC 01* 26/0> 10/09 14/09 14/09 15/09 14/09 15/00 15/09 16/00 16/09 H 0051 "02/09 jy7o9 2i709~ 21/09 22/09 21/09 22/09 22/09 23/09 23/09 AftGAWCT 0051 09/09 24/09 28/09 21/09 29/09 28/09 29/09 29/09 30/09 30/09 tfisrm1,052 words
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Advertisement2119 1998-08-25 27 HANJIN SHIPPING HAIOW SHIPPING (S) PTI LTD //mm fa** con IOOKINC J2W235 737 SALES J2W224 231 DOCUMMI 32M271 274 OPHUDOtfi 32*0241 252 MAIM UK *****55 FAX 727WM 3HO **********QM ITO NW USA CANADA! USA CANADA' FOI VSI/VOY MM SM UW HAUI/VOY SU TW DO PO* ol MSP W CTT MM2,119 words
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Advertisement442 1998-08-25 27 F m LYCON TAINHIf PP'P ICAT* p SB»V I C 1 VESSEL VOY_ _Sj«_ PIG VOY SW HK6 KEL USR PttS ssa 1 YOT I SIN I PUG IVBSEL VOT I SIN I JKT I URTC HONGKONG SOSS 23/ M IS/W USK 74/08 30/ M 01/ M 03/00 04/W ImH442 words
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Advertisement1186 1998-08-25 28 DSR-SENATOR LINES TO UK/CONTINENT TOREDSKA/MEDITERIUNEANCANADA voy ia urn um mil wv fu vtwti vor tm ju on k h» nc bi HMMMM.TA WM3S 11 13 M 14 M II.N 1I K M «N ZAOOUM WMU* 17 M 17 MU N lIM 17 HIIN M M HAMJM SAVANNAH WOSM MM 1«M1,186 words
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Advertisement892 1998-08-25 28 (fj®! P. QUOANG: (07) 388X726 ™*Kfe(OIM) 3t«l7S MAMLA: (832) *****24 j£g^Si£. ItMM SSMSSS XINGANG PENANG MV "KOTA HARMUNI V.HNIIBG Mv JARU BHUM y ETA SIN: 29/08/98 MV 2 Zm HAIPHONG CANADA MV "VAN XUAN" V.E5198 MV "HANJIN FELIXSTOWE" V.042E ETA SIN: WOB/98 ETA SIN: 30/08/98 HONGKONG HAM/RTM/FXT I, MV "BUNGA892 words
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Advertisement415 1998-08-25 28 LINE SW jA TILt »M4M MXi IMIIII 1 MUARA ~j LABUAN n VKSfi VOT ETD ft* VRSB VOY ETB ETA SPOK MUARA SPOK UN mosra vjii/m m/m »/m ipwspb vjii/m m/m m/m apr&guxt rtn/n ji/m m/w »m*oki vw/m si/m m/w ipwspb m/n 03/« ot/w apmspb rtn/n m/w w/m Amguxy vn/n415 words
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Advertisement1429 1998-08-25 29 [vessel voy sin pou pko pen rob pub shj ba bik IRAN TEYFOURI PJL 1302 22/08 30/08 31/08 31/08 01/09 IRAN VAHOAT PJL 1209 08/09 08/09 19/09 IRAN MATIN PJL 1308 24/09 02/10 03/10 03/10 04/10 PQB= Mina Oaboot DUB Dubai. SHJ Sharjah. BA Bandar Abbas. BIK Bandar Imam Khomtini1,429 words
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Advertisement2096 1998-08-25 29 TO ISRAEL 1 M W ilkM W m Jl 13 days I every Thursday I I lID J,^L KTO W T niilliiw OUTWARD OfFKf: H a ""«7MWOW GS JSfSl'! 43 (»/W > «»57«5 COSTAR AGENCIES (M) SDN BHD ***** SO/55 T/SHfKT DCfT 4205M5 TEL 02-07-35 ***** FAX: 02-07-353*170 lf [-H2,096 words
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Advertisement1180 1998-08-25 30 EUROPE/UICttCANOtHAVtMWLAROfIUSSIA I SGP ROM ANW HBG THP ZEE LHV I LHV THP ROM ANW HOG PKL SGP E. DELUXE RW-004 29*8 17*9 2109 18/09 20/09 21/01 22/09 E GLOWING RE-MS HAM >3/01 02AM 04/06 0000 31/ M E DELIGHT RW-004 06*9 25*9 30*9 26*9 20*9 29*9 30*0 IE GAINING RE-0641,180 words
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Advertisement385 1998-08-25 30 I V 1 ■&xlaS|SliUiMSfifl h&sqh f I1v«mI Vn—« Sw» D«rt» rt— P.ifaM Omn IJUm OKOS 77/ M 07/W W/W W/W 11/ M M/ 0» 71/W I H/M I I I Emilwct (f»» EOQ4S WW l*/W 11/W iWI JVM OITIO oFIO «Ao I iiii*iiii fi mll zz -jagg urn __aza_ ns&z385 words
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Advertisement440 1998-08-25 31 BSfl ii. %mm MYANMA n& FIVE STAR UNE (Myamiar National Um) Loading for Yangon (Rangoon) vessel vot sm pkl pen pgu smwi n« su> PATHEM I SOW SU> MALAYSIA AGENTS: OOUSTEAD SHIPPING AGENCIES KUL Til (03)*****00 PKL TEL (03)*****01 Kit TE (04)*****02 PGU: HI (07)*****21/4 BANK LINE (A sorvkt Andrew440 words
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Advertisement1084 1998-08-25 31 noruvgon ipecioAzed autocoman „u- ©S®®® TO MOBTH MID LATIN AMERICA *1(0*0 HEAVY LIFT SERVICE" VESSEL VQY RAMP HEIGHT SW lAX CIL MIA ]~5tV BAI ORF NYC NEW MM TAMPA F»l7 400 Tom 6.3 M 26/0* 22/09 01/10 04/10 04/10 M/ 10 09/10 10/10 IS/10 17/10 TALAOOT Ft It 400 Tow1,084 words
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Advertisement794 1998-08-25 32 MAHQKOKJ MAP TA PHUT/ LAIM CHABAMO] JAKARTA/PAN J ANO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN BAM BHUM 112N In Pt 2«A» 28/06 ANRO OOWA' 047 In Pt 29/06 CHANA BHUM" 32N In Pt 28/06 THANA BHUM 301S 20/06 29/06 SINO OCEAN QCNIO7 26/06 29AM QURU794 words
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Advertisement519 1998-08-25 32 I BINTANC MAS SHIPPING PTE. LTD. 30 NE,L ROAD SINGAPORE 0206 TEL: *****68 FAX: *****64 J TLX: RS***** S1NMER CR^°: **********0W -I Receiving Cargo at PT1 J I PHitulu I mmrrn I J vissa yor sin uy ffiifl m sw' tm H IS 171 07 13/W VW« 27 28/08 02/01519 words
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Advertisement638 1998-08-25 32 Firs ACCORD H SHIPPING PTE LTD Tit: ***** IS (40 Lin**) FAX: *****30 KXTUAMG IUIU/11l am m OIKKT ACCESS Til *****55 (EXPOBT BOOKING) HM GUDAMC {07) IS I 1177 *****34 (EXPORT DOC), *****39 (IMPOtT) nMAMC (04) S3? 1441 I UMJHTTP://WWW.ACCORD.COM.SG uutTA (II) MO 0770 n WW n«MM I MOT MIW638 words
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Advertisement393 1998-08-25 33 PHHI INDONESIA NATIONAL LINE TO EUROPE "I Exrnsaa sbuii-cokpunerwep service VII VQY IA OAM/H DAM H lUWC AWTWEH A VESSEL _lj£lo_J ?»/10 2S/H OMIT 05/11 TO AUSTRALIA FULL CONimSBR SERVICE m h« m rro m. hm «ol ffl WIMMV Tin 2MB KM 11« 14« 17« 2MI /W.EMEMUI MS tSMHM I<M393 words
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Advertisement936 1998-08-25 33 I ADVANCE CONTAINER LINES (PTE) LTD API I*o Cecil Street, #12-00, PH. Building, Singapore *****0 TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CR NO. **********0E OPERATIONS: *****601 *****05 RANOKOK JAKARTA (Weekly S Slge PAT/I Sl« LCM/1 Si, OUT) (0 Oalltaga/WMt) VESSEL VOY SM BKK VfSSa VOY I" 9N iS936 words
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Advertisement792 1998-08-25 33 [yisaELS VQY 1 JED MLA 5 HAM THP RTM ZEE VU-E DC AMTARSS L27W 01/W 09*09 14A» 21/08 22A» 34/08 25/08 2W> WJ-EOEVWOO S27W 07/08 17/08 21/08 38/08 2BZOB 30/08 30*08 01/10 V-LEOEVB.A N27W 15/08 24/08 2BZOB 06/10 07/10 07/10 QB/10 VILL£ X HZ7W 24/08 02/08 07/08 13AM IVOB *****792 words
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Advertisement52 1998-08-25 35 Dial 740-6000 on demandl —mmJ (Retrieve more schedules!) b Press "1" I ct JCTV Select the port and key in S'Kl the four digit code —eg: To New York (NYC) 2275 st£) Key in your fax number I your phone number Another Innovative service offered by The dOCUment Will be52 words
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Advertisement51 1998-08-25 37 S Dial 740-6000 on demand! —(Retrieve more schedules!) Press "V r Select the port and key in f° ur digit coc *e eg: To New York (NYC) 2275 sr %> Key in your fax number I Enter your phone number Another innovative service offered by The document Will be SHIPPING51 words
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Page 39 Miscellaneous
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Miscellaneous127 1998-08-25 39 LEGEND: R Thundwtorm T»mp«fotur« c V Show.r W.oth.r Wind direction with sp«.d in knot* Rom V,,/ Cloudy Sky w <>v« height #wi or -»Kot«. by arrow* which fly with th. wmd on. M cird. r.pr.*.nt* calm or kght and vonobf wmd* On. holf fiech. r.pr.*.nt* 5 knot* L__ On. M127 words
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Advertisement182 1998-08-25 40 -BUSINESSCENTRE info access centre to shipping services and products. Around-the-clock. Seven days a week. Call 740-6000 Press "1" key in Document Code Key in fax number Enter your phone number sffaIoGISTICS 2 £Sn MANAGEMENT COURSE B M KEEP APACE WITH THE DYNAMIC P CHANGES IN DISTRIBUTION! Wl, v >1 Global182 words
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