The Business Times, 27 August 1998
1998-08-27
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The Business Times
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Title Section13 1998-08-27 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c SINGAPORE Internet: http://business-times.asia! .com.sg/ THURSDAY, AUGUST 27,199813 words
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Article55 1998-08-27 1 0««2 •2186 14.53) fl*-® U37M(+7.14) fIBTOOMP U7SCJ2 (+11.77) PIBTMGA H»833J1 (+11.56) gJIUMETMOOD: STOCK MAJUEET INDICES Wednesday Onofe KLSECOMP JH 49 *Ui NIKKEI 14JKM3 -***** BAND SENG 7£K4«. -&S9 SET INDEX WM -171 JAKARTA COUP MANILA OOMP _tf87.« 2J.17 TAIPHWPI I£MJ1_-*4J SEOUL OOMP ***** +7M CLikCKNAB -15J7 -19.7 IjMhi55 words
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Article69 1998-08-27 1 1MIII1U USS 81 is» L77J S(US$/S$per£) LOt IMS HI L7J8 MM YEN 144.7 US* RM 4 333 MM HK$ 7.741 .9339 BAHT *1.680 M43 HJHAH 1UM Mil* St U ICC units PsnBuns SINGAPORE* 7 £8 KUALA LUMPUR— 1150 JAJtARTA «an BANGKOK.. 14.75 MANILA 2199 HONGKONG 19.25 TAIPH gJ6 SYDNEY69 words
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623 1998-08-27 1 Clarissa Tan - Bnt payment risks are deterring investors despite soaring returns By I Clarissa Tan [SINGAPORE] Yields for some listed corporate bonds have shot past 70 per cent but there's no queue to snap them up despite the high rate of return. Brokers and623 words
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715 1998-08-27 1 Ronnie Lim - Tri-p&rtite panel stresses need for supply-demand fit By\ Ronnie Lim [SINGAPORE] Despite the current difficult times, Singapore still remains competitive, attracting investors who will set up projects creating some 15,000 new manufacturing jobs and 5,000 jobs in the exportable services sector this715 words
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Article, Illustration630 1998-08-27 1 Quak Hiang Whai - From l Quak Hiang Whai in Hongkong FORMER Allied Group chairman Lee Ming Tee was finally brought to court yesterday for alleged commercial crimes involving HK$7OO million (Ssl6o million), five years after the government released a special investigator's report alleging improprieties in theREUTERS - 630 words
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Page 1 Advertisements
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Advertisement143 1998-08-27 1 dtszde StiD popular Despite the slump in the housing market 4-room HDB flats remain one of the feat-setting in the resale market, P|4 OObticrutt COE premiums could be in for a crash next year if the economy does not improve, say motor traders, Matarftafc F|M ':i m/m Anil In Dum's143 words
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Advertisement9 1998-08-27 1 Key EDB aim: investments to create jobs, Pg 29 words
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Advertisement148 1998-08-27 1 BL3b bond payments falling due in 2yrs, Pg 15 j Invented for you Type XX Aeronavale chronograph has a doubly prestigious heritage. It is true to the inventive spirit of Abraham-Louis Breguet, greatest watchmaker ever known. It is skies through aircTufi such as the Breguet "Point <t interrogationimbued aISO With148 words
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Advertisement69 1998-08-27 1 ■> k r ffMf,!^^^^^H mjßLrfi j W 1H tP'"* t* «**gS^KStßß^^^^^^^^B J& Que 19 for Sing Tel THIS is ST-1, Sing Tel and Singapore's first communications satellite, reaching for the skies yesterday morning. Blasted into orbit by an Arianespace rocket from Europe's Spaceport in French Guiana, the satellite —co-owned with69 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration487 1998-08-27 2 Ronnie Lim - Target is $7Jb far this year and next to sustain economy till regien recovers B» 1 Ronnie Lim THE Economic Development Board's key aim in the next two years is to attract enough manufacturing investments here to create new jobs and helpARTHUR LEE - 487 words
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Article, Illustration291 1998-08-27 2 Audrey Tan - EYE ON THE ECONOMY Outlook By, Audrey Tan SINGAPORE'S dependence on the electronics sector and intra-regional trade has now become key weaknesses, says Consensus Economics. The London-based agency notes that the external sector has failed to provide any re- al support to Singapore's overall growth. "TheSource: Economic - 291 words
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297 1998-08-27 2 Carol Eng - By i Carol Eng TO overcome the regional credit crunch, businessmen could turn to countertrade, which is a growing international practice that is worth US$5OO billion (*****.1 billion) a year, or 10-15 per cent of world trade. Speaking at a forum on countertrade297 words
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Article, Illustration439 1998-08-27 2 Toh Han Shih - They plan to jointly sell e-commerce solutions in region By Toh Han Shih IN one of the biggest electronic commerce ventures to date, local network services operator Singapore Network Services and US Internet major Netscape yesterday signed a memorandum of understanding to jointly market439 words
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345 1998-08-27 3 Diana Oon - DBS Land has no plans for other marketing schemes By\ Diana Oon DBS Land's month-long offer of a loan subsidy of up to $60,000 for units in Melrose Park drew only two buyers when the offer ended on Sunday. A visit to the showflat345 words
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389 1998-08-27 3 Teh Hooi Ling - From Teh Hooi Ling in Kourou, French Guiana UNDER the clear Kourou night sky, ST-1, the first satellite to be owned and operated by a Singapore company, was successfully launched at 2307 GMT, or 7.07 am Singapore time yesterday. More than 120 participants, including officials from389 words
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Article, Illustration333 1998-08-27 3 Larry Wee - Bank reports best HI Asia-Pacific results in 25 years By\ Larry Wee DEUTSCHE Bank has appointed Singaporean Linus Koh to co-ordinate a sharper focus on serving its client needs better. Mr Koh was recently appointed chief operating officer, Asia Pacific, for theARTHUR LEE - 333 words
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502 1998-08-27 3 Toh Han Shih - Arthur Andersen partner says next 6 to 9 months crucial By 1 Toh Han Shih SINGAPORE and Malaysia will see a lot more corporate failures in the next six to nine months, says an accounting firm partner who deals with companies with502 words
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227 1998-08-27 3 Marisa Chew - By] Marisa Chew LANVIN (Singapore) Pte Ltd, the local distributor of the French luxury fashion label, has thrown in the towel. The company, which is a subsidiary of Lanvin, has been winding up its business here for the past month, said its lawyer Chandra227 words
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Page 2 Advertisements
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Advertisement536 1998-08-27 2 JIIIIIL ANA HOTELS lllllm SINGAPORE LTD. (Incorporated in the Republic of Singapore) The Directors announce the unaudited results of the Company for the six months ended June 30,1998. 1998 1997 Jan-Jun Jan-Jun ±t (Ss) (SS) la. TURNOVER 13,722,600 17,533,500 21.7b. INTEREST INCOME 6,800 12,200 44.32a. OPERATING PROFIT before income tax,536 words
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Advertisement164 1998-08-27 2 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. v\l£q Another Classified cat a Service I Waiting till 1999 1 I may be too late! I H| Many foreign subsidiaries have already received instructions |k from their Head Ofllces to ensure Year 2000164 words
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Advertisement8 1998-08-27 2 S*pore hanfcn need more countertrade expertise, Pg 188 words
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Page 3 Advertisements
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Advertisement35 1998-08-27 3 -?Zm; I^SsSBS^r 5 m- K O Performance Mc*ors Limited East Coast Centre, 280 Kampong Arang Road Tel 346 7227 Mon-Sat 9am-6pm Sun 10am 6pm A member of the 0 Sime Singapore Group Uttimato Riding MaChiVM35 words
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FOCUS: PROPERTY
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Article, Illustration866 1998-08-27 4 David Boey - Buyers are drawn by variety of flat types and affordability as resale prices have dipped to average $250,000 By\ David Boey [SINGAPORE] EVEN with the housing market in a slump, four-room Housing and Development Board flats remain one of the fastest-selling in the resale market,Source: ERA, housing; FILE PHOTO - 866 words
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Article1171 1998-08-27 4 HDB transactions from July 11 to August 26, 1998. TW POSTAL CONTRACT BULT-M PWCE PSF LOCATION DISTWCT DATE (SOFT) (ST000) (SS) Bishan St 13 *****6 21-Jul-98 1130 345 305 Bishan St 24 *****5 21-Ju!-98 1152 325 282 Bt Batok Ctrl *****6 10-Aug-98 1108 247 223 Bt Batok St1,171 words
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Page 4 Advertisements
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Advertisement276 1998-08-27 4 For Sale By Tender Industrial Site at No. 15 Pereira Road Opt" 0 to buy: C>TrC existin B s le 'as is where is'; OR A Subject with P ro P° se d 7-storey ind'l bldg (GFA 43,100 sq ft) \l\ on completed basis />/ area: 17,265 sq ft /jt/276 words
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Advertisement218 1998-08-27 4 Wc provide consultancy services on offshore structures, shelf companies and incorporations in All jurisdictions including British Virgin 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. For218 words
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FOCUS
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Article, Illustration2114 1998-08-27 5 Malaysia's Minister for Special Functions and new economic czar, Daim Zainuddin, responds to written questions from BTs Regional Economics Editor Vikram Khanna about Malaysia's new National Economic Recovery Han and what it means for the economy Q: How is Malaysia's National Economic Recovery Plan differentFILE PHOTO - 2,114 words
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Page 5 Advertisements
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Advertisement255 1998-08-27 5 These two exquisite watches, in the shape of peaches, are called <<For China>>. The craftsmen of Geneva were renowned for their mastery of enamel and v( these watches are a triumph of jjj their art. By their efforts the subtle gradations of colour found in the w skin have been255 words
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ASIA'S ECONOMIC SLUMP
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Article, Illustration625 1998-08-27 6 Shoeb Kagda - From Shoeb Kagda m Jakarta ENCOURAGED by recent moves by the Indonesian government to clean up the debtridden banking sector and the setting up of a new bankruptcy court both key elements of a US$43 billion (Ss76 billion) bailout package the International Monetary Fund625 words
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Article, Illustration685 1998-08-27 6 Vikram Khanna - The Asia Business Forecast conference He also reiterates call to Asia to adopt exchange controls Reports by Vikram Khanna [SINGAPORE] Japan should adopt a deliberately inflationary monetary policy as well as create inflationary expectations and tolerate a weaker yen as aARTHUR LEE - 685 words
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426 1998-08-27 6 The gravest economic danger is hyperinflation [SINGAPORE] Indonesia faces the risk of a further economic meltdown, including hyperinflation, as well as mounting social unrest, an Indonesian academic said yesterday. Speaking at the Asia Business Forecast conference, Mr Sjahrir, president director of the Institute426 words
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485 1998-08-27 6 Louis Beckerling - Economy to retnrn to 5-6% growth by 2001: minister By: Louis Beckerling [SINGAPORE] Sweeping financial sector reform and a return to economic growth rates of 5-6 per cent by 2001 have put South Korea back on the world's investment map. This was the485 words
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262 1998-08-27 6 AFP [SEOUL] South Korea's economy shrank an estimated 5 per cent in the first half of 1998, its lowest ebb since the Korean War, as living standards plunged to an eightyear low, officials said yesterday. The country will likely suffer another sharpAFP - 262 words
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Article, Illustration310 1998-08-27 6 AFP [HONGKONG] China may not reach its much-touted goal of 8 per cent growth for this year, President Jiang Zemin warned in China's official press yesterday. Mr Jiang, quoted in the Hongkong edition of the official China Daily, said China was stillAFP - 310 words
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476 1998-08-27 6 Hariah Mehta - Banks prefer to extend loans to MNCs, say analysts From Hariah Mehta in Bangkok WHILE Thailand's central bank has eased monetary policy and boosted liquidity, the country's commercial banks have not responded by resuming loans to cashstrapped companies, preferring the safer route of476 words
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293 1998-08-27 6 R Sivanithy - S'pore rises from 10-year low; other markets dose lower R Sivanithy [SINGAPORE) Regional stocks ended mainly lower yesterday in quiet trading, led by a 206.9 points or 1.37 per cent loss for Japan's Nikkei 225 average that was felt throughout the region. The Singapore293 words
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Page 6 Advertisements
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Advertisement26 1998-08-27 6 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. tCall CJLT.S. at 1800-737-1166. Another Classified Service26 words
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REGION
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651 1998-08-27 7 Alan Boyd - Govt measures to alleviate impact of job losses slammed as inadequate, elitist From, Alan Boyd in Bangkok LABOUR leaders have warned of worsening social unrest as Thailand enters its bleakest period of economic recession in the final months of the year. Public651 words
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413 1998-08-27 7 Harish Mehta - Move marks widening crackdown on errant firms From. Harish Mehta in Bangkok THE Bank of Thailand yesterday charged four top executives of Sitca Investment Securities with embezzling the assets of their own firm, in a widening crackdown on errant finance firms. The413 words
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Article, Illustration478 1998-08-27 7 BANGKOK Reuters MYANMAR'S military government has told foreign military attaches it will neither allow the opposition to form a parliament nor talk to opposition leader Aung San Suu Kyi, a Yangon-based diplomat said yesterday. In a meeting with 15 military attaches onReuters; FILE PICTURE - 478 words
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190 1998-08-27 7 ■JOHORBARU Bernama r•'•*« V f r THE Johor state government has decided to defer to the end of the year the ruling requiring lorries carrying construction materials to Singapore to use the Second Link. Mentri Besar Abdul Ghani Othman said the StateBernama - 190 words
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Article, Illustration514 1998-08-27 7 HONGKONG South China Morning Post DEVELOPERS of several key residential projects in Hongkong coming on sale in the next few months face losses in a market swamped with negative sentiment. Analysts said at least four projects would have no choice butSouth China Morning Post; FILE PHOTO - 514 words
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278 1998-08-27 7 KUALA LUMPUR Bernama THE Malaysian police yesterday described as incomprehensible rumours circulating on the Internet that a Muslim scholar had predicted the assassination of a politician and that the country would go to war with a neighbour. Asked to comment onBernama - 278 words
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305 1998-08-27 7 JAKARTA v! AFP INDONESIAN authorities will investigate a brother-in-law of former president Suharto who issued about US$3 billion (555.3 billion) of promissory notes that have now begun to fall due, attorneygeneral Andi Muhammad Ghalib said yesterday. "I have been asked to report on effortsAFP - 305 words
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322 1998-08-27 7 JAKARTA He may have to answer charges over abdnctions: minister Reuters INDONESIAN Justice Minister Muladi said yesterday that former president Suharto's son-in-law, dismissed from the army this week, could face a military court over abductions of political dissidents. "This case is not finished yet,"Reuters - 322 words
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149 1998-08-27 7 PHNOM PENH AFP CAMBODIAN opposition protesters dug in at their demonstration site in a park near parliament yesterday setting the stage for a possible confrontation with authorities who have ordered them to move. Meanwhile, King Norodom Sihanouk, viewed as one of the fewAFP - 149 words
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154 1998-08-27 7 HANOI AFP VIETNAM yesterday reported a 12.4 per cent increase in industrial output for the first eight months of the year compared with year-ago period. Total industrial output during the period reached 97.2 triUion dong (5512.3 billion according to preliminary dataAFP - 154 words
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299 1998-08-27 8 TOKYO Confrontation threatens govt plans for soft-landing for failed banks Reuters JAPAN'S political opposition faced off against the government yesterday, threatening the authorities' plans for a "soft-landing" approach to winding up failed banks and clearing their mountains of bad loans. The ruling LiberalReuters - 299 words
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250 1998-08-27 8 SYDNEY AFP AUSTRALIAN unions, churches and industry groups combined yesterday in their strongest condemnation so far of Pauline Hanson's anti-Asian One Nation party, describing it as a threat to the country's future. With Australia poised for its last election of the century and with itsAFP - 250 words
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Article, Illustration411 1998-08-27 8 SYDNEY Commodity-related currencies trampled by global rash for safer havens Reuters THE Australian dollar suffered a new 12-year low for its third session in a row yesterday as investors worldwide trampled commodity-related currencies in the rush for supposedly safer destinations. Traders saidReuters; Source: Bloomberg; AFP - 411 words
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325 1998-08-27 8 WELLINGTON Businesses lower fall-year growth forecast to L3%e poll Bloomberg NEW Zealand businesses say the economy probably contracted 0.1 per cent in the second quarter although it will grow again in the third quarter by 0.3 per cent, according to aBloomberg - 325 words
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238 1998-08-27 8 BEIJING Reuters CHINA has punished 756 prosecutors for corruption and mishandling cases in a war on graft that has already targeted courts, the police and the powerful army, state media said yesterday. The China Daily quoted China's top prosecutor as ordering procuratorial bodies whichReuters - 238 words
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Page 8 Advertisements
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Advertisement41 1998-08-27 8 Editorial: Japan reforms its banks, Pg 11 MOTOR ULTIMA W T. O*,, w. SH,,.po re T.I: M ,K44 F»: W Shc-on, dgkl: S|N HQCK L£E CA>S ENTC>pR|s6 p y R<aJ Lead. The Audi A 6. Aud» onnn Advancement through Technology y41 words
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Page 9 Advertisements
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Advertisement197 1998-08-27 9 To invest in global technology, take a closer look at our fund. jJ i U» ,||„M ■<r 4 y 0 x-*~i *;W ®K s erson I /Jb c/ < "W An /AMP/ Compan. i W Invest today in a sector offering i!m truly exciting growth opportunities globally. Launched in October197 words
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REGION/WORLD
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Article, Illustration566 1998-08-27 10 MOSCOW Central bank voids dollar trade; says it can't afford to support currency Bloomberg RUSSIA'S rouble plunged more than 40 per cent against the German mark yesterday and the bewildered central bank declared it could no longer afford to continue mayor intervention to supportBloomberg; REUTERS - 566 words
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413 1998-08-27 10 LONDON Moscow scheme seems to leave them with no way oat, say economists AFP FOREIGN investors in Russia are in a state of shock after a debt restructuring plan that appears to leave them with no exit from the country's economic collapse, international economists saidAFP - 413 words
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156 1998-08-27 10 HONGKONG Reuters HONGKONG government sources are hinting the territory's Gross Domestic Product (GDP) contracted 4 per cent in the second quarter, local television station Television Broadcasts Ltd (TVB) said yesterday. "Government sources are hinting the second quarter GDPReuters - 156 words
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378 1998-08-27 10 for electronic and electrical equipment WASHINGTON Reuters NEW orders for costly manufactured goods jumped unexpectedly in July at the fastest rate in eight months, the Commerce Department said yesterday, paced by strong demand for electronic and electrical equipment. Total newReuters - 378 words
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327 1998-08-27 10 LONDON Reuters BRITAIN'S trade deficit with the rest of the world narrowed by some £500 million (551.45 billion) in June, official figures showed yesterday, but the shortfall remained a hefty drag on the economy. However, with the Bank of England'sReuters - 327 words
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377 1998-08-27 10 BUENOS AIRES Reuters BRAZILIAN Finance Minister Pedro Malan warned Argentines not to overstate the impact of world market turmoil on Brazil or it would put its own economy at risk. In an interview with Argentine correspondents in Brasilia, Mr Malan took pains toReuters - 377 words
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Article, Illustration161 1998-08-27 10 CAPETOWN AFP A TINY, radical group calling itself Muslims Against Global Oppression late Tuesday claimed responsibility for a bomb blast at the Plant Hollywood restaurant here which killed a woman and wounded 24 other people. A member of the organisation telephoned aAFP - 161 words
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Page 10 Advertisements
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Advertisement15 1998-08-27 10 %m/T 2 Chin Bee Ave, Jurong, Singapore *****7 W0 li j1! f MM, *,-!.!> Hi >; mam15 words
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EDITORIAL & OPINION
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Article, Illustration758 1998-08-27 11 Leon Hadar - THE BOTTOM LDVE OPINION By Leon Hadar The writer is BT's Washington correspondent THE recent American military strikes in Afghanistan and Sudan in retaliation for the bombing of the US embassies in East Africa, and the perception that America needs to devise an effective758 words
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Article125 1998-08-27 11 My health has improved so much since then.' -DnNarita of Nagoya, Japan, who recently celebrated her 106 th Birthday, on why life gets better after 100. 4 What are they going to show the tourists? Bulldozers?' -Gtamgllan-Kiien who lives in Tung Chung, a new town near Hongkong's125 words
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Article643 1998-08-27 11 EDITORIAL THERE seems to be more to the reconstruction of Japan's Long-Term Credit Bank (LTCB) than meets the eye. The move may signal that Prime Minister Keizo Obuchi's government is likely to soft-pedal its politically controversial new "bridge bank" plan for state-sponsored takeovers of failed institutions.643 words
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Article, Illustration1140 1998-08-27 11 Paul A Samuelson - Hopes for a US soft landing may not be as bright as expected and relying on the market alone may not be enough By] Paul A Samuelson The writer is an economist at the Massachusetts Institute of Technology. This commentary firstFILE PHOTO - 1,140 words
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Article910 1998-08-27 11 Baal or perceived threats? ONE of the latest buzzwords in Indonesian politics is "disintegration". Senior government and military officials have been raising the alarm lately about the possibility of Indonesia breaking apart the same way that the Soviet Union and Yugoslavia collapsed. They base their argument910 words
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EXECUTIVE LIFESTYLE
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Article, Illustration867 1998-08-27 12 MARTIN MILLER - Some suggestions include the Oh-Ohs and the Zeros, reports martin hhi.i.bd MARTIN MILLER LATWP IT'S 2003. After three cataclysmic years of pestilence, earthquakes, fires, tsunamis and plagues of locusts, the planet is a horrible eyesore. But every dark cloud has its silverLATWP; FILE PHOTO - 867 words
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Article, Illustration446 1998-08-27 12 Anne Morris - PERSONALITY By* Anne Morris NYT (AUSTIN, Texas] Twenty-five years after Fear of Flying, feminist poet Erica Jong revisits the war between the sexes in a new book. What Do Women Want* due out next month from HarperCollins. It's subtitled: "Bread. Roses. Sex. Power." InNYT - 446 words
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Article152 1998-08-27 12 PERSONALITY AFP [LONDON] A British professor has had a microchip implanted in his body to open doors for him, turn on lights as he enters the room, and run a bath and chill his wine as he arrives home, it was reported yesterday. Kevin Warwick, ofAFP - 152 words
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Page 12 Advertisements
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Advertisement84 1998-08-27 12 (il >IH M f'flvjM -j Everyday, wo put our reputation on the line. iTrrit i*n:c;, i V.jt i i*"" A I<ml«i\, |u i uiii* M.n me Sri k cs is pi mid (o .iddoiiik t» i. llic itvv• 11<! Ol .1 I'IJIJI l( lICI N( I Irotn MI»A. •>- sci84 words
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Page 13 Advertisements
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Advertisement393 1998-08-27 13 Ma'J fM Iomw? InUit in Cats' Mews/ Catch Cats' Mm ii SaiJiy Clin ifitd fkii vuktij [cata| Where to Wine, dlllC 3nd Cnt€rt<Ull..» D SSSf Emergency Referrals Whilst overseas. 4545 P <j£sg^g .I 7TT ir *~zz~~~ rS i ivuu a Lessen rromonon 13 July 31 August Because it is /A<i/393 words
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Advertisement107 1998-08-27 13 if] CotymQuay J SELECTED j DIAN XIN DISHES j \ats2.soicOr lunch i*. 25% OFF jYOUR DINNER BELL* j TfflS MONTH Reservations:224-3203 *On nonfunction nigbts only 7th Floor, Overseas Union House, Collyer Quay, Singapore *****1 Step into our Garden for Tea. Buffet High Tea 3pm to 5:30 pm Weekdays $14* (Adult)107 words
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Page 13 Miscellaneous
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Miscellaneous805 1998-08-27 13 TV&RADIO A T~" T r r. p ft n h i x -1 n>m- ji i By Wheel Of Fortune. na. *31* SJO Pictionary. 5.00 Architecture In Shang--2.00 PM Response TV. 6.00 News 5 Today Followed hai. 130 TV Innovations. By Can (Teen Pro• 138 Snow White. 4.00 Blitz: Sesame805 words
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Miscellaneous224 1998-08-27 13 CRYPTIC CROSSWORD turns to examine data (7) ""TBI 5 Moderate parties offer parity to respect what 16 Detailed to appear court J^JL--22 Boycott by postal service may —ij—— ■■"■Ml 24 Article impounded by rebel recruit (5) j j 25 Anger caused by odour of ■■P"jTßi 1®!" sanctity (7) 26 Dilapidated224 words
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MOTORING
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Article, Illustration463 1998-08-27 14 Christopher Tan - But they are divided about impact of plunge, with some expecting review of vehicle quota system By i Christopher Tan [SINGAPORE] COE premiums could be in for a crash next year if the economy does not improve, industry sources pointed out, citingSource: LTA - 463 words
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BUMPER to BUMPER
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100 1998-08-27 14 TRANSPORT operator Tibs will start an' 'express" service from Woodlands to Shenton Way and back on Aug 31. Called Rapidßus, service 700 will stop at fewer than half the 60 or so bus-stops on the route. The fleet of 13 plying the route will100 words
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100 1998-08-27 14 OPEL, the General Motors-owned German brand, will offer better equipped cars and a wider range erf products for the 1999 model year. The Corsa will be fitted with side air bags, and have a 1.2-litre 16-valve engine that produces 65 horsepower, replacing100 words
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Article, Illustration117 1998-08-27 14 HERE'S another scooter with bike features. The Liberty 125 from Piaggio of Italy is the first big-wheeled scooter to debut here. Equipped with wheels about twice the diameter of traditional scooter wheels and long-travel shocks, the Liberty promises better handling and motorcycle-like ride dynamics. The air-cooled117 words
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Article117 1998-08-27 14 GERMAN carmaker BMW AG foresees "negative consequences" for the European car industry if the Calling Japanese yen does not recover "in the short term". In its interim report, BMW said demand and production "in most industrialised countries" had not yet been affected by117 words
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95 1998-08-27 14 SAAB of Sweden, another GM marque, saw a 14 per cent rise in worldwide sales for the first half to 58,077 units. Europe led the climb, with Spain up 72 per cent, France 65 per cent and Germany 55 per cent. Swedish sales rose95 words
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65 1998-08-27 14 IN a first scheme of its kind, City Cab taxi-drivers will be trained by the Singapore Productivity and Standards Board to improve commuter service. The transport operator has entered into a <600,000 deal with the board to provide customised service training to its65 words
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98 1998-08-27 14 Christopher Tan - Compiled by Christopher Tan TRANSPORT operator Comfort expects to equip 8,000 of its taxis with the Cablink satellite-despatch system by next March, up from 7,000. Comfort-owned Yellow-Top Cab taxis will also feature Cablink. Comfort said phone-bookings have soared from 200,000 per month in98 words
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301 1998-08-27 14 Christopher Tan - It will be third of Big Four to enter vehicle loan segment -Bjri Christopher Tan [SINGAPORE] Another bank is expected to enter the local car loan business, traditionally the purview of finance companies. BT understands Overseas Union Bank (OUB) is preparing to301 words
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Article, Illustration488 1998-08-27 14 Christopher Tan - By l Christopher Tan [SINGAPORE] Achtung! Several motor companies are said to be vying for the Volkswagen franchise, raising the possibility that the distributorship, currently held by Auto GTI, could change hands. Market sources said the German carmaker had invited companies to makeFILE PHOTO - 488 words
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Article, Illustration296 1998-08-27 14 Christopher Tan - -By Christopher Tan [SINGAPORE] Listed motor group Cycle Carriage expects to set up five more satellite service centres for its Mitsubishi customers, bringing the number of stations to seven eventually. Managing director Cheah Kim Teck did not specify a time frame, saying decisionsARTHUR LEE - 296 words
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Article1532 1998-08-27 14 Average OMV of cars registered in July mooeumm* a Attowvffi ALFA ROME*****.6 1.596 17,826 AUOI A31.6 A 1,586 21.388 AUOIA41.6 A 1,596 24,577 AUOI A41.8 A 1,781 34,984 AUOI A6 2.4 A 2.383 49.666 AUOI A8 2.8 A 2.598 41.680 BMW 318I/40R 1.886 34.778 BMW Z3 AUTO1,532 words
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COMPANIES & MARKETS
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Article, Illustration561 1998-08-27 15 Siow Li Sen - Group pats new investments on hold, vows to bring down its $968 m debt By I Siow Li Sen [SINGAPORE] Steep losses at its Malaysian associate hammered Nat Steel's interim earnings, which plummeted 69 per cent to $11.59 million. At aCHRIS LOH - 561 words
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271 1998-08-27 15 Clarissa Tan - Byi Clarissa Tan [SINGAPORE] Companies which have issued bonds in Singapore will need to cough up some $1.3 billion in total for bonds due to expire within the next two years, according to estimates by IFR Securities Data. Currently, there are some271 words
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770 1998-08-27 15 R Sivanithy - HOCK LOCK SIEW R Sivanithy SINGAPORE Press Holdings (SPH) announced last week that come Aug 31, it will replace the Straits Times Industrials Index, one of the mainstays of the stock market for the past three decades, with a770 words
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363 1998-08-27 15 Audrey Tan - HOT STOCKS Bnt trading remains suspended Dy< Audrey Tan [SINGAPORE] The Stock Exchange of Singapore (SES) has fixed the fair settlement price (FSP) of Mid-Continent Equipment Group shares at 59 cents for outstanding market trades. The SES settlement committee, under SES chairman Chua363 words
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Article, Illustration356 1998-08-27 15 David Boey - Talk of company acquiring a broking or banking licence By\ David Boey [SINGAPORE] The ST Capital stock price rose as much as 10.5 cents, or 20.4 per cent, yesterday as rumours that the company would soon acquire a stockbroking or perhaps aSource: Bloomberg - 356 words
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SINGAPORE & MALAYSIAN COMPANIES
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312 1998-08-27 16 David Boey - STporefirmto concentrate on new undertakings like its St&rHnb venture By] David Boey [SINGAPORE] Singapore's second-largest telecommunications company, Singapore Technologies Telemedia, has hived off its stake in BellSouth New Zealand to concentrate its resources on new undertakings such as its Star-312 words
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278 1998-08-27 16 [SINGAPORE] Singapore Press Holdings directors are unanimous in their support of the company's plans to reduce its capital and distribute money back to its shareholders. "They consider the exercise to be in the interests of shareholders and that the terms of the exercise are278 words
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CORPORATEResults
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Article92 1998-08-27 16 [SINGAPORE] Superior Metal Printing yesterday reported a half-year net profit of $1.39 million on revenues of $38.5 million. Net earnings for the six months ended June 30 were 82 per cent higher than in the corresponding period last year and revalues were up 13.8 per cent. On current92 words
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Article86 1998-08-27 16 [SINGAPORE] SMB United saw net earnings retreat by 22.8 per cent to $3.87 million for the six months ended June 30, on revenues which were up 30.4 per cent to $36.13 million. Heavier interest and depreciation charges and a foreign exchange loss of $362,000 combined with lower profit86 words
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Article92 1998-08-27 16 [SINGAPORE] Omni Mold lifted revenues 11 per cent to $6 million at the halfway mark, but an operating profit of $893,000 was almost extinguished by depreciation charges, leaving a net profit of $27,000. In the same period last year, the company made a loss of $1.43 million. The92 words
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Article67 1998-08-27 16 [SINGAPORE] Turnover for the six months to June 30 for Tianjin Zhong Xin Pharmaceutical Group was up 20 per cent to 147.2 million renminbi (5531.3 million), but bottom line earnings were only 8 per cent «h»a<l at 87.2 million renminbi due partly to lower contributions from associated67 words
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Article342 1998-08-27 16 David Boey - It sees weak second half; Hotel Plaza net np 4% to $4Jm By David Boey UNITED Overseas Land (UOL) yesterday reported that earnings for its half-year ended June 30 had dived 47 per cent to $17.17 million, and said income from investments, local property342 words
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Article, Illustration646 1998-08-27 16 Ruth Wong - Market aided by its conservative provisioning, say analysts From Ruth Wong in Kuala Lumpur SOME Malaysian banking stocks dipped marginally yesterday against a firm overall market following Malayan Banking Bhd's (Maybank) profit plunge. The KL Finance Index fell 2.3REUTERS - 646 words
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263 1998-08-27 16 Eddie Toh - From Eddie Toh in Kuala Lumpur AMMB Holdings Bhd the listed financial arm of debtladen Arab-Malaysian Corporation Bhd yesterday signalled weak results in its current financial year ending March 1999. "We are keeping our fingers crossed. We hope to be profitable,"263 words
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408 1998-08-27 16 Roth Wong - Plnngp In earnings doe to higher loan losses and provisions From. Roth Wong in Kuala Lumpur PUBLIC Bank has posted a sharp 86.6 per cent fall in net profit to 33.61 million Malaysian ringgit (5514.1 million) or 1.5 sen earnings per share for the408 words
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419 1998-08-27 16 Ven Sreenivasan - Market should decide transactions' merits: feedback By Ven Sreenivasan [SINGAPORE] The regulatory environment here should move away from a meritbased system towards a dis-closure-based system, according to most of the respondents who provided feedback to the Corporate Finance Committee (CFC). The419 words
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273 1998-08-27 16 Annette Pau - By* Annette Pau [SINGAPORE] Sesdaq-listed Flextech Holdings yesterday posted a 73 per cent surge in earnings to $4.13 million for the six months to June 1998, almost meeting the half-way mark of analysts' full-year projections. Net profit growth was due to contributions from273 words
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COMPANYBriefs
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139 1998-08-27 16 Bloomberg [CAPE TOWN] Petroliam Nasional Berhad, Malaysia's state-owned oil company, has offered to buy the shares In Engen Ltd it does not already own for as much as 23 rand a share, or about US$465 million (SsB24 million). The offer represents a maximum of aBloomberg - 139 words
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97 1998-08-27 16 [SINGAPORE] Jurong Cement Ltd has appointed Shang Ying as a non-executive director with effect from yesterday. Mr Whang was a partner in law Arm Drew Napier before Joining the Lam Soon Group in 1994. Currently he is a director in several companies in the Lam97 words
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Article73 1998-08-27 16 [SINGAPORE] Kim Eng Holdings has received in-principle approval from the stock exchange to raise its foreign shareholding limit from the current 49 per cent to 70 per cent TTie approval is subject to the requirement that any person or persons acting in concert with73 words
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Article54 1998-08-27 16 IN our Aug 22 report, "Want Want's interim earnings jump 31 to $45m", we reported that the group saw a 15 per cent decline in net profit for 1967. This Is incorrect The group posted a 2.6 per cent growth in net profit for 1997. We are54 words
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COMPANIES
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Article, Illustration464 1998-08-27 17 Russel Baker - 85% jump due largely to previous year's inclusion of Asl.6b restructuring charge From. Russel Baker in Sydney TELECOMMUNICATIONS group Telstra has unveiled full-year net earnings of As 3 billion (Ss3.l billion), a record high in Australia. The results for the yearAFP - 464 words
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445 1998-08-27 17 Quak Hiang Whai - Results poorer than expected as adspend slips, economy slows Fromi Quak Hiang Whai in Hongkong HIT by the slowing economy, tightening advertising budgets and regional currency problems, Hongkong's Television Broadcasts (TVB) yesterday reported a 12.2 per cent decline in interim earnings445 words
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FINANCE & COMMODITIES
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443 1998-08-27 18 Regional crisis calls for new approach to trade financing Indon barter player Reuters [SINGAPOREJ Singapore banks need to upgrade their expertise in countertrade financing if they want to stay in the trade financing business, a leading player in modern barter said yesterday. Asghar Mehdi,Reuters - 443 words
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Article, Illustration37 1998-08-27 18 [SYDNEY] Cotton classer Michael Summers with different grades of cotton at the Auscott Classing Facility yesterday. The 1997/98 Australian cotton crop has made history by outstripping wool production for thefirst time ever. REUTERSREUTERS - 37 words
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231 1998-08-27 18 Bloomberg [NEW YORK] Allianz AG and Axa SA, Europe's biggest insurers, agreed to work with US regulators and Jewish groups to pay the insurance policies of World War II Holocaust victims. The arrangement, which also includes Swiss insurers ZurichBloomberg - 231 words
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283 1998-08-27 18 Bloomberg [WASHINGTON] Bank and insurance lobbyists in the US are close to agreement on an important section of the bank overhaul bill now before Congress, representatives of both sides say. "I think we have clearly identified the issues on which weBloomberg - 283 words
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321 1998-08-27 18 Marsh McLennan to buy Sedgwick for £1.25b Move aims at expansion in Europe, US, Asia Bloomberg [LONDON] Marsh McLennan Cos, the world's largest insurance broker, agreed to buy Sedgwick Group pic, the No 3 broker, for £1.25 billion (553.6 billion) to expand in Europe, the US and Asia. Marsh McLennanBloomberg - 321 words
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269 1998-08-27 18 Bloomberg [ZURICH] ÜBS AG, the world's second-largest bank, has little exposure to potential loan losses in Russia and South-east Asia and has set aside funds to cover most of the loans at risk from the financial turmoil inBloomberg - 269 words
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225 1998-08-27 18 STMTfIf Report Reuters [SINGAPORE] Simex Japanese government bond (JGB) futures rose to a record close yesterday as the Nikkei Stock Average fell below the 15,000 mark. Dealers said flight to quality buying was triggered by worries about a worsening of Japan's bankingReuters - 225 words
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Article176 1998-08-27 18 Cecilia Loh - MSCI TAIWAN FUTURES Cecilia Loh, Cecilia Loh, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures plummeted 6.80 points and established a new low at 253.0 after breaking through the psychological support level at 256.0 level. The Taiex continued to dip for the176 words
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274 1998-08-27 18 ENERGY REPORT Bloomberg [NEW YORK] Crude oil fell 3 per cent after three of the world's largest oil exporters cancelled a meeting to discuss tumbling prices, reducing expectations for further production cuts. Saudi Arabia, Venezuela and Mexico were to meet tomorrow in Mexico City.Bloomberg - 274 words
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Article282 1998-08-27 18 AFX-Asia AFP THE US dollar was slightly softer against the mark yesterday after failing to build further gains on the back of growing problems in Russia, dealers said. They said the dollar tried to break the 1.81 mark unsuccessfully in the afternoon session, despite a raft of negativeAFX-Asia; AFP - 282 words
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Article, Illustration1032 1998-08-27 18 INTERBANK CROSS RATES Aug 2^ 7— C$ NX) ECU Ffr Pw m MtoNffc V Wow *M HZSNfcli Nm «r W| u» r" 0891 6 JZ® 0323 3.464 1.033 4.450 24.428 64.631 0.831 7.514 2.42b 1IM aimxn?» imo ifia Qftft? wwt am fl w »m Cjnada 1.122 5.352 0.587 3.887 1.1591,032 words
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Article1625 1998-08-27 19 fflOOM FVTUM8 Aug26 MIMII (Mwwdasiat«<tUOpa) ISS1 CONTRACTS CMrtiAf) CtSM VolMM Opan Matll U» $»t (to—a«) Mrtamt S«p 98 115.50 300 Oct* 115.75 1315 No* 98 116.25 M75 OK 117.00 »50 Jan/Mar 99 120.00 1950 Apr/J»99 ***** »50 Ws«p 99 127JO 127.50 128.75 75 HO ISS 3 CONTRACT (US1,625 words
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Article2105 1998-08-27 19 Mutilate m» nk. 31 Group 545.000 -9.000 AS Ports 286.400 -10.600 Abkey National 1099.740 -15.260 AMedOomecg 527.400 10.000 Amec 141.000 undi Asda Group 175.000 -4.400 BAT ind 630.000 -17.400 BG We 385.000 0.600 8ICC 97.400 0.400 BOC Group 821.000 -27.000 8R Petroleum 812.400 -18.600 8TR 149.200 -L4002,105 words
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Article1563 1998-08-27 19 AFP QNikkei 225 -20UQ JAPANESE share prices closed 1.4 per cent lower yesterday as selling of bank shares accelerated amid concerns about the progress in the debate on key financial bills in Parliament, brokers said. Banking issues extended their declines in the afternoon because of a large gap betweenAFP - 1,563 words
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Article, Illustration1557 1998-08-27 20 Reuters Q Hang Seng jjSJI HONGKONG stocks closed moderately lower yesterday after giving in to profit-tak-ing, with less active buying by the government than in previous days, brokers said. The Hang Seng Index lost 55.69 points, or 0.71 per cent, to finish at 7,834.40. Turnover stayed high. "It looksReuters - 1,557 words
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Article, Illustration614 1998-08-27 20 Reuters D Shenzhen Bladei -0.42 SHENZHEN'S hard currency B Share Index ended slightly lower yesterday in sluggish trade due to weakness on the neighbouring Hongkong stock market, analysts said. The B index dipped 0.42 point, or 0.73 per cent, to 56.28 on turnover of HK$lO million compared with Tuesday'sReuters; Source: Credit Lyonnais Securities (Asia) Ltd - 614 words
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Article361 1998-08-27 20 AFP niWP Index -10 TAIWAN share prices fell for the third straight day, dropping 1.4 per cent yesterday as investors took to the sidelines amid concern over the direction of overseas markets, dealers said. The Taiwan Stock Exchange Weighted Price Index dropped 94.0 points to 6,814.33, following a 0.7AFP - 361 words
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Article, Illustration726 1998-08-27 20 AFP n Composite Index -&21 INDONESIAN shares fell 1.7 per cent yesterday amid prof-it-taking on the back of a stable rupiah and concerns over high interest rates on central bank certificates (SBI), dealers said. "I would say there was a combination of factors dragging down the index," a dealerAFP - 726 words
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Article, Illustration771 1998-08-27 20 AFP n SET Index -172 THAI share prices dropped 1.2 per cent yesterday in quiet trading on concern over the domestic economic outlook and regional fears including the impact of Russia's economic crisis, analysts said. "Both foreign and domestic factors are affecting the market today including the Russian financialAFP - 771 words
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Article308 1998-08-27 20 AFP DlfauriU -23J7 PHILIPPINE share prices closed 1.8 per cent lower yesterday on a lack of positive leads on both domestic and regional fronts, analysts said. The Philippine Stock Exchange Composite Index fell 23.17 points to close at 1,287.02. Volume plunged to 138 million shares worth 603 million pesosAFP - 308 words
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Article408 1998-08-27 20 AFP Composite Intel »7«33 SOUTH Korean shares closed yesterday 2.4 per cent higher as foreign investors bought blue chips amid sharply lower short-term money rates and a stable yen, dealers said. They said short-term mon-ey-market rates dropped to a record low of 7 per cent following a report thatAFP - 408 words
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Article591 1998-08-27 20 AFP QAD Ordinaries -19.7 AUSTRALIAN share prices slipped 0.7 per cent yesterday, weakened by the spectre of an economic meltdown in Russia, as well as uncertainty over the Australian dollar. The All Ordinaries Index, fell 19.7 points to 2,608.0. The All Industrials Index slid 31.3 points to 4,613.1 andAFP - 591 words
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Article250 1998-08-27 20 AFP n Wellington -M 5 NEW Zealand stocks closed flat yesterday as investors maintained caution about prospects for the local market and international bourses. The NZSE-40 Capital Index closed at 1,943.05, down just 0.65 of a point, having been up 12 points at one stage, on light turnover ofAFP - 250 words
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KUALA LUMPUR STOCK MARKET
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Article7757 1998-08-27 21 ■mum I Cwiwr prwtactt l«M Last Vel Day Mat Cap mi Lew Cinnwy Sale -000 Nlgb Law P/I 310 170 Ajinomoto 185 -5 1 185 185 102 75.0 148 35.5 Angkasa 40.5 0.5 10 40.5 40 0.9 59.7 290 123 Apollo Food Hlg 130 4.5 52.0 388 108 Ber)aya Land7,757 words
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Article, Illustration375 1998-08-27 21 AFP Fl Composite Index +0*32 WmmM MALAYSIA'S stock market closed mixed yesterday in thin trade amid growing concerns over the imminent release of second-quarter economic growth figures. "Investors took to the sidelines prior to the second-quarter growth figures expected to be released lateAFP - 375 words
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WARRANTS&OPTIONS
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Article3136 1998-08-27 22 I»* Loot v* Day Laot <*oto «»> HH> u» Mm Crnum m ♦or- rooo) hub l— —v«t «q8qr 23-5 m 3000 m AM08 CS3H*****6 103 2 20.5 3 3160 "Acer ******1USS 15 -0.5 20 3.5 3.5 3 4 95 3164 Ac ma ******4 7.5 -15 20 7.5 7.3 7 83,136 words
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Article184 1998-08-27 22 R Sivanithy - WARRANT WATCH By] R Sivanithy ONE warrant which has not been featured in this column before is that issued by electrical firm GP Batteries. There appears to be some confusion surrounding this instrument largely because of its exercise price. According to Bloomberg, the exercise184 words
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Article2016 1998-08-27 22 Transaction date 26 i«« V* Omt LaatOuato H> W M MC# m» u» «to» <•■■>■■» Sate rooot t— ggr m» or m 05 28 ms 5000 AiSBSOc 963 -2 942 Mj S3J 563 57 80 U If 216 saO *5-5 10 msSOOl AMOBSOc 123 uncfi 39 123 122,016 words
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5868 1998-08-27 23 Transaction datr Am; 26 j Or Or M Wt 1998 Hit Vg| Oav Last Owott M* Olv Yld Mat Cap Avg i—> u, cmmmt *2 rPOQ> MN> u. ihST cv rn $3 w.. MOUSTRMU 43 115 a 1020 ACE Dynmfc(20c-13 »1 21 13 125,868 words
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Article1125 1998-08-27 23 ■.y- u. a? „ss, —-t, ca 5 js f m 134 90 2000 AM Hldqs 5c 71 -6.5 2 71 71 60 75 m 7a 243 30 2049 AS Auto 10c 483 *0.5 22 49 4« 48 44.5 15.0W 70 11 4.6 55.4 49 82 48.5 2051 ASJ HMqt1,125 words
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STOCK EXCHANGE OF SINGAPORE
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Article220 1998-08-27 24 Stacks Vokme SingTel 15c 11,466,000 ST Capital 25c 9,307,000 ST Engg 10c 8,632,000 KeppeiCorp 8.011,000 •M Resources 5,812,000 D8S Land 4,811,000 •North Borneo 4,686,000 TAC BtIO 200 3,861,000 W Want US20C 3,494,000 Keppel Land50c 3,228,000 Stocks I SPH 34,444,837 SingTel 15c 30,288,005 0C8C Foreign 12,960,370 Keppel Corp 12,893,351 ST Engg220 words
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Article, Illustration73 1998-08-27 24 Shiv Taneja - -by Shiv Taneja SIA Foreign tranche closed 35 cents higher yesterday at $7.15 on a volume of 1.31 million shares, compared with its 10-day traded average of 2.5 million shares. The daily and weekly RSI and Stochastics indicate that the stock is still oversold, and this is supported73 words
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Article, Illustration646 1998-08-27 24 R Sivanithy - STOCK MARKBT COaHEBXTAKT SPH alone accounts for half of key index's 14.5-point rise; quality bine chips is the theme now, says a dealer By R Sivanithy [SINGAPORE] Boosted by recoveries in a handful of index components, the Straits646 words
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OH THE GRAPEVINE
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Article108 1998-08-27 24 THIS paper's Hongkong correspondent was checking if the Hongkong Monetary Authority could contribute an article to an upcoming Business Times' supplement on the Euro. A spokesman for the HKMA said: "I don't dare to disturb the people who are managing the foreign reserves. They are very busy108 words
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Article56 1998-08-27 24 THE economic crisis in Malaysia has forced many companies to adjust to lower consumer spending. The latest company to go downmarket is upmarket restaurant Lee Ho Fook Shark's Fin Restaurant in Kuala Lumpur. It is now offering fried noodle with fresh water prawns for56 words
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Article83 1998-08-27 24 THERE'S a deadly computer virus that could have struck some Windows users yesterday—and on the 26th of any month. Called the CIH virus, the Taiwan-originated malaise was first detected in June, and can potentially wipe out all executable files on your hard and make your computer un-useable. That83 words
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Article88 1998-08-27 24 A PARTNER of consulting firm Arthur Andersen said market hearsay is one of the ways to pick up warning signals that a company is in trouble. Speaking at a recent seminar on "Minimising Risk and Maximising Returns in Uncertain Times", he said: "You'd be surprised at what you88 words
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Article64 1998-08-27 24 IT is not uncommon for a company to take on a "personality" of its own, but for a bank to become a managing editor of an inhouse publication is certainly a first for us. The latest issue of Select, Hongkongßank's personal finance magazine, lists "Hongkongßank" as64 words
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Article62 1998-08-27 24 THINGS irniat be really bad in the property market. A major developer apparently told some of its sub-contractors that they have to bring in one customer each to* its projects to improve their chances of being considered for future contracts. Clearly, slick TV commercials and full-page ads62 words
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Article130 1998-08-27 24 SOME mega mergers may reeult in massive lay-offs, but not so the one between Citicorp and Travelers, says Citibank Singapore's recently-appointed CEO Sunil Sreenivasan. "In Asia, they (Salomon Smith Barney, a unit of Travelers) bring fixed income, mergers and equities, which is all the things we don't130 words
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Advertisement11 1998-08-27 15 HUGO BOSS ISETAN SCOTTS LEVEL NGEE ANN SUNTEC CITY MALL #01-06111 words
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Advertisement7 1998-08-27 16 Se/HHce&JS/HKlucts/ The Straits Times Classified Classifications 52-1937 words
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Advertisement212 1998-08-27 17 One Experience. One Relationship. One Bank. JL 1 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 priority212 words
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Advertisement24 1998-08-27 18 v I found a car pool wSßmm F through The Straits Times Classified. I* They help me do my part to the earth. CATS.24 words
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Advertisement13 1998-08-27 20 Buy It. Sell It. Find It. Classified. Call Today For Results Tomorrow. 1800-737-116613 words
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Advertisement19 1998-08-27 21 1,1 j Make The Straits Times Classified your first pit stop when f shopping for your car or motorbike.19 words
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Advertisement21 1998-08-27 23 V bouquet of flowers >s_ m i ss -^j ir j™ The Straits Times Classified is child's Play. l—l CaHCAT.S.at 1800-737-1166.*!?21 words
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Page 24 Advertisements
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Advertisement774 1998-08-27 24 ()t/( S hi ;i(IM i tis(.' c;ill Idll-fiio ISOO-7-41 IHN3 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290(2)(b) and IN THE MATTER OF JOO HWA SHIPPING PRIVATE LIMITED (In Members' Voluntary Winding Up) At an Extraordinary General Meeting of the above named Company duly convened774 words
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Advertisement161 1998-08-27 24 PACIFIC CENTURY REGIONAL DEVELOPMENTS LIMITED (Incorporated in Singapore) LOST STOCK CERTIFICATES The undermentioned stock certificates have been reported lost mislaid or destroyed:CWtlflfiitt No. In ttli Mint Pt No. ol Stock Unite *****8 *****9 Ng Yang Keng 2x1,000 *****3 do Ixl,ooo *****4 do. x 500 *****3 *****5 Teo Hwa Seng 3x1,000161 words
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Advertisement94 1998-08-27 24 Advertising in Turbulent Times Are you qettinq the REACffi as promised? '-'Ji j/ shipping times GUARANTEES *48,000 daily circulation! In Singapore, when you want to reach out to a select target audience in QBE only one daily oFFers you the advantage oF maximum reach at minimum cost. And that's Shipping94 words
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SHIPPING TIMES
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Article345 1998-08-27 25 Bridge News Reuters THERE was talk in late trade of a lower rate being agreed on the US Gulf to Japan Panamax grain run for Sep-Oct shipment The rate was said to be at least 30 cents down on recent business. TANXER& There was little to report otherBridge News; Reuters - 345 words
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Article254 1998-08-27 25 sp '9MMM >mi* it w CWT Distribution 0_2t5 -0.005 41 ChuanMup 0.375 *0.005 223 Cosco investment _(X41 -0.025 25 FrMaMLM* 0.125 -0.005 216 GBHoMnga 020 Hal Sun Hup 0.345 -0.035 730 HNacNZoMD 0.545 unch 12 IMCHoMIn* HK 5.6 Jeya HOIdtogs 0.39 Jurone Shipyard 7.60 -0.1 13 KeppelCorp i«3254 words
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Article, Illustration469 1998-08-27 25 Felix Chan - Govt aims to have open, int'l market-oriented sector by mid-21st century By] Felix Chan [SINGAPORE] The Chinese shipping market will undergo a three-phase modernisation programme with the aim of an open, international and market-oriented shipping industry by the mid-21st century, a senior official of China's469 words
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Article, Illustration74 1998-08-27 25 [ISTANBUL] A Turkish tug boat sails past the Greek-flagged tanker Crude gulf loaded with crude oil which ran aground in Istanbul's Bosphorus Strait on Tuesday. The 81,000 tonne tanker was aground offshore from the Ottoman Topkapi Palace, en route from Russia to Italy via theREUTERS - 74 words
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787 1998-08-27 25 David Hughes - NEWBUILDS By: David Hughes THE Sale Purchase brokers have had little to report on the sec-ond-hand vessel scene in recent weeks and the activity in the newbuilding market has also been subdued. The driving forces behind the two markets are not identical but the787 words
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Article, Illustration398 1998-08-27 25 [SINGAPORE] Marine construction specialist Keppel Fels has completed another major jack-up rig building project for Santa Fe International Corp (Santa Fe). The Universe-class rig was towed out of Keppel's Pioneer yard yesterday headed for Halifax Harbour in Canada where it will begin398 words
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362 1998-08-27 25 [SINGAPORE] The demand for transport services in Malaysia, including port services, has declined somewhat dramatically in relation to the contraction of the economy in the first half of this year. With the exception of Westport, one of the three terminal operators in362 words
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148 1998-08-27 25 AFX Asia AFP [SEOUL] Samsung Heavy Industries Co Ltd said it has won shipbuilding orders totalling US$4lO million (*****.7 million) from European companies. They include an order to build three container ships for US$2OO million from Nordcapital of Germany and one shuttle tanker for US$B5AFX Asia; AFP - 148 words
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Article, Illustration823 1998-08-27 26 George Hsu - CHINA-TAIWAN LINKS More than a year after a historic trip by a Chinese ship into Taiwan, both sides still await direct transport links By\ George Hsu Reuters [TAIPEI] N an early M spring night in M 1997 a ship from B B mainland China HReuters; FILE PHOTO - 823 words
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Article236 1998-08-27 26 PACE Denver on 4 ACL 9 Whim 4 AHL 3 D)ak Lloyd 9 i Accord 8 Dongnama 3 Appenship 5 tCL 5 Astro 3 Ewryeen 6 Austra) 9 FoongSun 8 BSA 7 G Link 4 Bayswater 6 Gemartrans 8 B'tarvq Mas 8 Genshpg 9 CCNI 7 HaiSunHup236 words
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Article23204 1998-08-27 34 THEBUSINESSTIMES thebusinesstimes EXPORT ETA ETA Advartisar Vassal Voyaga THapftona ETA ETA Aiyfrtiw Vassal Voyaga Talaphona SIN Oastn Mm* Nam* Numb* Numb* SIN Dast'n Nama Nama Numb* Numb* 12/99 23/10 Quadrant MARE AFRICUM 245W 65-*****44 To BARCELONA (BCN) 2042 To ABIDJAN (ABJ) 2003 Spain Ivory Coast, Cote D Ivolre23,204 words
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SHIPS IN PORT
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Article675 1998-08-27 39 VmmI Voy No Berth Arrival D«p*rtu« Ensign 24 alongsid* 26.08/0315 Btn»« Italy* *****6 J02 tlongsM* 26.08/2300 Bt Ardij*y* 2Aug98 JO) alongside 26.08/2300 «< Lester! I *****8 J01 alongside 27.08/0800 It Pef *0795 *****8 J01 *tongsld« 27.08/0130 C Progress 26/08 JOT alongside 26.08/1500 0mm lob* 1U J07 alongside 27.08/0700675 words
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Article1574 1998-08-27 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklng/Bolonco Rstls Ship VoyNo Etb/Btr Pwtod From To From Ml SMK 3414 27/0459 U 25/1500 25/14M 25/1*00 js/raoo 25/145* ivmo 24/ M 24/0*00 2* anno 24/0459 26/0900 J 24/0700 24/115* 26/1400 4 26/1200 26/1459 26/1700 At WUCMI 76-017 28/0100 ~51,574 words
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Article188 1998-08-27 39 AD|BL Luxembourg: Luxembourg City Kermesse. Malaysia: National Day. United Kingdom: Summer Bank Holiday. B«p7 Canada: Labour Day. Hong Kong: Day following Midautumn Festival. United States: Labour Day. Bap 10 Japan: Respect of the Aged Day. Sop 10 Mexico: Independence Day. lap 23 Japan: Autumnal Equinox Day. flop 24188 words
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Article681 1998-08-27 39 TOM report, complied by Cockett Marine OH Ltd. ahow* price range* In US dollar* inetead at a ingle prlcee (far a more comprehenalve deecrlptlon of the market Prlcee ahown are baaed on average* lied etem Market movement* are indicated The Cockett Bun ker Price Index change681 words
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Article408 1998-08-27 39 Cartoa 180 Mm 992.0 0.8 19.9 0.09 71 0.05 *<•4 20 DMtlty Watar RasMua Ash Aluminium Sadlmant No abOM E25 2 0 1 0 0 0 HTuT 300 AM 987.5 0J H.5 0.01 31 0.03 Iim 380 Mai 992.3 0.9 Hi 0.11 111 071 »n/m WW408 words
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AIR&LAND TRANSPORT NEWS
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Article, Illustration412 1998-08-27 40 New plane will be derived from the A 319, the smallest in product range Reuters [TOULOUSE, France] European aircraft consortium Airbus Industrie is studying the launch of a 100-seat passenger jet based on its current A 319 plane, but without the involvementReuters - 412 words
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Article, Illustration637 1998-08-27 40 State-owned carrier planning to hire more staff: transport minister Bloomberg (PARIS) Air France is planning to spend around 30 billion francs (558.82 billion) on new planes in the next five years as it attempts to meet growing worldwideBloomberg - 637 words
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Article, Illustration434 1998-08-27 40 Reuters [TOULOUSE, France] A landmark order by British Airways for Airbus Industrie's small airliners helps the European consortium's plans to launch a giant 550-seat jet, Airbus senior vice-president John Leahy said on Tuesday. "We've got in the door with British Airways,"Reuters; REUTERS - 434 words
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171 1998-08-27 40 AFX-Asia [NEW DELHI] Indian Airlines employees said they will launch a "protracted struggle" if the government approved plans by the Tata Group to set up a private domestic airline. The Air Corporation Employees Union said a "sustained industrial action, including direct strikes" will beAFX-Asia - 171 words
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217 1998-08-27 40 Bloomberg [Toronto] Air Canada's pilots will go on strike at midnight Sept 1 unless the country's largest airline agrees to a new contract before then, the union said. The deadline was set shortly after Canada's Labour Minister Lawrence MacAuley releasedBloomberg - 217 words
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Article138 1998-08-27 40 Bloomberg [HONGKONG] Cathay Pacific Airways Ltd, Hongkong's biggest airline, may cut salaries for its pilots, a spokesman said. Cathay could cut pilots' salaries by 20 per cent, the Hongkong Economic Times newspaper reported, citing unnamed sources. "We will not rule out the possibility, in suchBloomberg - 138 words
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206 1998-08-27 40 Reuters [JAKARTA] Indonesia's parliament has approved a move to raise domestic airfares and the rates will double by the end of the year, newspapers reported yesterday. The Jakarta Post quoted Benny Rungkat, the secre-tary-general of the Indonesian National Air Carriers Association, as sayingReuters - 206 words
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308 1998-08-27 40 Reuters [HONGKONG] Hongkong's all-cargo airline Air Hongkong said yesterday it planned to increase its flights to Europe with the onset of the cargo market's annual peak season in September. "To Europe we are still planning to mount additional flights to existing destinations,"Reuters - 308 words
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Article1760 1998-08-27 40 CITY FLIGHT ETA FUCHT ETO $0200, 0«35 $0326 1345 MM BA738I 1930 BA7382 2055 LH778 1610 Of05 2235 0F81 1930 0F82 2055 W4578 KK) LH6373 2350 $0229 2220 S***** 1610 $026 2350 Amsterdam K1843 0450 M.838 2300 00)6 1845 79 2359 S023 0710 $024 2320 KLB371,760 words
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Advertisement22 1998-08-27 25 China-Taiwan transport links still a dream More than a year after a historic trip, both sides still await direct links. Pag* 222 words
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Advertisement20 1998-08-27 25 Air France to spend 30b francs on new planes State-owned carrier planning to hire more staff: transport minister. Back Page20 words
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Advertisement612 1998-08-27 26 <i«< ft» i 1 < i r J ft, u. j |«UP«» «HUTTU Btrhut I [OuijKAWAUHI fttoo mU J L m i 2! UH Wtt VOT JtA MM UM MO KAI COl |K«| SM SS2T" JiUS S/J5 MONOUOYDMMAI JS2SI !2SJ 22 22! mw)o ,M */■> MOMOUOYDOAMMAM M M/M M/M M/N612 words
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Advertisement86 1998-08-27 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 AM WVBHY Tftlffl t tUM YIIIIH Vessel VOY ETPSJM ETATYO f!A KOI ETA YOU ETA WGO ETA OSA HOL DIAMOND V.***** 23 AUG 01 SEPT 0286 words
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Advertisement629 1998-08-27 26 Unes services represented al |®f 'xrrcssr Singapore Shipping Association W SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SBtVKIS nsrA SINGAPORE to BATAM, BINIAN, KARIMUN SINGAPORE to BANGKA ISLAND rZjTI 1 x SINGAPORE to CILEGON kfti* SAMARJNDA/BAUICPAFAN/BANJARMASJN ID SINGAPORE MANIIVSUBK BAY/UIZON TO SINIMRE Aa*»fa|VK CiMtui 1 h+e Imp*, Fv b**W)Nkfc|t CMtet jiSkj629 words
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Advertisement1035 1998-08-27 27 SAX SERVICE (DIRECT) resa voy sieia u» oak m hou q« cot mm m ntc AftIQUMMUMI 01* 26/01 10/09 14/09 14/09 15/09 >4/09 IS/09 15/09 16/09 16/09 in mat pose 02/09 17/09 21/09 ~2T709 22/w 21/09 22/0?—22/09—23/09 23/09 yiGJUMT 005t 09/09 24/09 21/09 2»/09 29/09 M/W 29/0? 29/09 JO/09 30/091,035 words
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Advertisement1897 1998-08-27 27 I HANJIN SHIPPING v H ,u SWPWG CS) PTIITO hnp /fmm W*. cm tOOKINC J2M*****7 SAIB *****24 231 DOCUMBfI *****71 274 OWUTKWS *****41 252 MAIN UK *****55 fAI *****40 CtHO **********0 M I TO NW USA A CANADA! CANADA* I pm V5l/VOT um sm lm ham/yoy sa nw rox oo1,897 words
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Advertisement458 1998-08-27 27 ffSSE WY_ _ai_ PKG WY SO HK6 Kl USN WIS IttSSfl KG ||(ffia j KMTC HOM6KON6 005S 7VOO 2S/M OOSN 24/00 30/00 01/99 03/09 04/09 1^^ W j {]j| I OtKWSAN HIS 21/00 04/W 04/09 00/09 09/W ffirtraiiMC 1 Iffe I I liSlMtJtflllfTTl 'iwlll!glp>8 I MOWAJNA lg 30/00 01/09 12N458 words
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Advertisement1227 1998-08-27 28 DSR-SENATOR LINES TO UK/CONTINENT TOREDSEA/MEDTnERBANEAN/CANADA WT r» I lbi htm Imm mm |wv |m I ["vtwa ~wr W_ fl MT gt FOI me llffl HMUM MALTA MM M M 12 M 14.M IS M 17 M I*M *1 M IWZMOOUN **MM !7M 17 MIS M II.M 17 M lIM M1,227 words
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Advertisement975 1998-08-27 28 WLAM MAC-NELS S'MIIE M'SIA &a3 SrSS"™ Smr.? a3EX&22" mass, ssfifass XINGANG MANILA MV "KOTA HARMUNI" V.HNI 186 ETA SIN: 29/08/98 MV MYA BHUM Vlo4f ETA SIN: 31/08/98 HAIPHONG CANADA MV "VAN XUAN" V.E5198 MV "HANJIN FELIXSTOWE" V.042E ETA SIN: 29/08/98 ETA SIN: 30/08/98 HONGKONG HAM/RTM/FXT MV "COLOMBO BAY" V. 15EC32975 words
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Advertisement1674 1998-08-27 30 I it™ EUROPMJK^candihavia^lN^ND^U^^ I SGP ROM ANW HBG TMP 2EE LHV LHV THP ROM ANW HBG PKL SGR I I DELUXE RW-004 29AM 17/09 21AM 18/09 20/09 21/09 22/09 I. GLOWING RE 045 01/01 03AM 02AM 04AM 06AM 31AM E DELIGHT RW-004 IMAM 2SAM 30AM 20/90 21AM 29AM 30/09 E.1,674 words
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Advertisement414 1998-08-27 31 i BSA a, I WA MYANMA IHBk FIVE STAR UNE (Myanmar Notional Lino) v Loading lor Yaogoi (Rangooa) VESSEL VOY SM PKL PEN PGU smwt iiw su WW* 150W SU) MALAYSIA AGENTS. MUSTtAD SMPPING AGENCIES KUL HI (03)2417)00 PKL TH (03) *****01 KM: TEL (04)*****02 PGU: in (07) *****21/4 BANK414 words
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Advertisement1075 1998-08-27 31 nonxgoi speciokzed oukxamun v* QfsmKS Wilhelmsen Lines TO NORTH AND UTIN AMERICA "RORO HEAVYUFT SttVKH' IVISStL VOY RAMP HBGHT LAX CRL HUA SAV |ML ORF NYC MP* MOB TAMPA FII7 400Imb UM TNPOIT 22/09 01/IO -WIT WTT WiT w7iT "WiT TW WIT TALAIOT Fill 4001 mi 6.3 M 10/09 10/101,075 words
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Advertisement516 1998-08-27 32 BINTANG MAS SHIPPING PTE. LTE 39 NEIL ROAD, SINGAPORE 0006 TEL *****68 FAX: *****64 MmJ TLX: R*****5 SINMER UJ/Bm CR No: **********0W Receiving Cargo «t PTI I Bintulu I I Muiri yissa vex sin |Ty m«i m m ay I Mod mix 31-01/09 04/09 MM WI4E Im* 2V06 02/01 I516 words
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Advertisement614 1998-08-27 32 Nrj ACCORD MM SHIPPING PTE LTD Til: *****15 (40 Unai) PAX *****30 MTKLAMC (OS) U7 1001 a MS M OIMCT ACCESS Tit: *****35 (EXPORT BOOKING) FASM GUMNG (07) SSI 1177 M ***** (EXPORT DOC), *****39 (IMPORT) KMAMG (04) SSI 144$ UtUHTTP://WWW.ACCORD.COM.SG JMJUtTA (11) $40 0770 ft SIM PORT m SIM614 words
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Advertisement872 1998-08-27 33 I ADVANCE CONTAINER LINES (PTE) LTD flpl 140 CscM Street #12-00, PIL Building, Singapore *****0 I LaZ TEL: *****21, FAX *****19, TELEX :RS ***** ACLPL I CR NO. *****P*****E OPERATIONS: *****60/ *****05 J BANGKOK JAKARTA (WeeHy 8 Sl>s POT/2 Sin LCM/1 »H OUT) (»Utllat/WaH vessa vor sm kk vissa voy872 words
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Advertisement842 1998-08-27 33 VESSELS w SH JED MLA LEH HAM THP jjjjjg ZEE "I VILLE 06 ANTARES L27W 01 A» 08*06 14/08 20*08 21/08 23/08 23*08 2MBB VHf OEVWOO S27W 07/08 IMB 20/09 26/06 27/08 29/06 2&W 30*08 VfILLE 06 VELA N27W 15*08 23*08 28/08 04/10 06/10 07/10 07/10 08/10 VtO£ OE QEM»4A842 words
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Advertisement51 1998-08-27 35 SldE"fcDial 740-6000 Of! QCHTK3I*IO (Retrieve more schedules!) STjg Press "1" CT JCV Select the port and key in the four digit code eg: To New York (NYC) 2275 srg) Key in your fax number I your phone number Another innovative service offered by The dOCUITient Will be Shipping times S51 words
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Advertisement52 1998-08-27 37 STEjT| Dial 740-6000 on demand 1 —MU (Retrieve more schedules!) Press 1" ct JET* Select the port and key in 5 the four digit code —eg: To New York (NYC) 2275 Key in your fax number I your phone number Another innovative service offered by CTE The dOCUment Will be52 words
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Page 39 Miscellaneous
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Miscellaneous81 1998-08-27 39 LEGEND: J Thund«r»torm T»mp«ratur» yQy ZSZ" W#oth,r Wind dic.ct.on With H>««d in knot* Cloudy Sky Wav« h«.ght or by arrow, which Hy with th« wind V M C Ct cahn or light ond voriob* wod, rw h«.f fu k 1 rv_. tm u l. ho "*ch« represent* 5 knot* «ntr#81 words
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