The Business Times, 8 July 1999
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1999-07-08
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The Business Times
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Title Section12 1999-07-08 1 THE BUSINESS TIMES MITA (P)o4tyi 85« SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, JULY 8,199912 words
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Article62 1999-07-08 1 LI U44JS3 (-30.98) mM mm (-18.99) rifIHSCIFUTQIES mm ntn (-2.00) QIiHETKOOft HBni ntXXHAHET INDICES Wednesday Change KLSE COMP 838J2___.-4.7f NIKKEI 17JK&M -91.81 HANG SENG 14JS7.44 -116.17 SET INDEX ***** -ltt.71 JAKARTA COMP __M&77 15-82 MANILA COMP _2J0U9 -4.77 TAIPEI WPI 8,***** +1616 SEOUL COMP 1,006.98 +1166 CWA CHINA62 words
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Article78 1999-07-08 1 nun uss ss U8$ 1.697 £<U8|/S$per£) LM3 1660 EL'RO(US$/S$ per E) UK L7» DM LM9 0.889 YEN 1210 U91 RM 1800 §.447 HKS 7.7M 0119 RAHT MSI 0.044 HJPIAH 6,756 0.026 •St to lto units FUME BATES SINGAPORE* Ml KUALA LUMPUR 7 .25 JAKAHfA M.00 BANGKOK 10.00 MANILA J78 words
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Article, Illustration622 1999-07-08 1 R Sivanithy - Second liners hit hardest with 18% intraday plunge By R Sivanithy [SINGAPORE] Trading curbs by stockbroking Arms again sparked frantic selling yesterday, as short-sellers came out in force to send local stocks into a tailspin for the third straight day. At its low,622 words
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615 1999-07-08 1 Conrad Raj - SES wants more details on why substantial owners, directors sold shares By* Conrad Raj [SINGAPORE] In a departure from past practice, substantial shareholders and directors of listed companies will now have to provide more details on why they are selling their615 words
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Article279 1999-07-08 1 Ven Sreenivasan - By Ven Sreenivasan [SINGAPORE] The Stock Exchange of Singapore has sent the Kuala Lumpur Stock Exchange a proposal for a staggered release of the frozen Malaysian Clob shares. SES sources told BT that the proposal was sent earlier this week, but declined to give279 words
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Article806 1999-07-08 1 Ven Sreenivasan - oomeawTAMT Sesdaq slide is a healthy wake-op call for the market, says TaaSrMttivMaa Ven Sreenivasan WHAT began as selective trading curbs by broking houses has triggered panic buttons and a selling stampede. Such is the nature of stock markets. The alarm came when some broking houses806 words
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Page 1 Advertisements
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Advertisement136 1999-07-08 1 nrenw Growth prespects ped The Singapore economy is picking up faster than expected and prospects for sustained growth are good, says the MAS. However, the recovery remains patchy, P|2 SEC ckirs developer The US Securities and Exchange Commission has cleared Singaporean property developer Bobby Ong Congquin of all insider trading136 words
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Advertisement21 1999-07-08 1 B Staging It Mt MAS ouUbws shift in its Sings exchange rate stance. Pg 2 MAS managing director Koh Ybng Ouan21 words
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Advertisement98 1999-07-08 1 Motor stocks are still in the fast lane, Pg 12 Broking Anns rein in trading, Pg 13 Market reports, Pg 18-22 c To r, CORUM jfm THfljw w JBw TABOCAN On your wrist or bureau. A contemporary watch forever with you. Steel or 18 carat gold. Automatic mechanical or quartz98 words
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Advertisement29 1999-07-08 1 Gold attack M K >|L '< v 1 Ht dqe and commodity funds are aiming to dike gold down towards the I banter 4 -iy some London bullion dealers. Pg929 words
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MAS ANNUAL REPORT
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Article, Illustration384 1999-07-08 2 Catherine Ong - Bat narrowing band not a signal for stronger Ss, it says /ft/ 1 Catherine Ong THE Monetary Authority of Singapore said it has moved from an easy to neutral exchange rate policy stance as regional currencies have stabilised and the local economySource: MAS - 384 words
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Article, Illustration1186 1999-07-08 2 Vikram Khanna - recovery is patchy and still subject to major uncertainties Vikram Khanna THE Singapore economy is picking up faster than expected and the prospects for sustained growth are good, the Monetary Authority of Singapore (MAS) says in its 1998/99 Annual Report. Then comes the rider: the recovery,Source: MAS - 1,186 words
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SHORT takes
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Article77 1999-07-08 2 THERE was an outflow of $30 billion last year in the financial and capital account of the balance of payments, five times higher than in 1997. This occurred partly because, faced with heightened uncertainties on account of the regional crisis, Singapore-based foreign banks repatriated their77 words
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Article101 1999-07-08 2 OVERALL employment in Singapore declined in 1998 for the first time since the recession of 1985. But there were differences in the pattern of job losses between the two periods. In 1998, layoffs in manufacturing were proportionately smaller while those in the commerce sector rose101 words
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Article97 1999-07-08 2 AS economic growth slowed last year, there was less demand for bank loans. But the supply of credit also declined. Indeed, during the first nine months of 1998, banks' outstanding loans fell, even though their lending capacity improved. The reason? "Banks' heightened cautiousness in97 words
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128 1999-07-08 2 SINGAPORE will have a budget deficit in FY99 of 3.5 per cent of GDP because of slow economic growth and more expansionary fiscal policy. The MAS estimates that the fiscal boost represented by the $10.5 billion package of cost-cutting measures last November on top128 words
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Article70 1999-07-08 2 THE MAS is carrying out a review of the insurance industry. "We are looking to open up the industry and studying whether there is a need for consolidation of the local players," MAS deputy managing director Tharman Shanmugaratnam said. He said the review would not necessarily70 words
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Article154 1999-07-08 2 MAS managing director Koh Yong Guan said the merger of the Stock Exchange of Singapore and the Singapore International Monetary Exchange was "on track" and would be completed in the third quarter of the year. Deputy managing director Tharman Shanmugaratnam said the search154 words
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Article72 1999-07-08 2 THE MAS assessed 357 financial institutions in a test of the degree of preparation to cope with the year 2000 problem. The assessment covered banks, finance companies, securities firms, futures companies and investment advisers. The results as at March 31 this year were promising. About 7372 words
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Article104 1999-07-08 2 THE MAS will express its views on hedge fund regulation, among other issues, during the September meeting of the Financial Stability Forum (FSF), a G-7 mandated group to study ways to strengthen the international financial system. Asked how the MAS viewed the issue of the regulation104 words
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Article45 1999-07-08 2 The MAS recruited a total of 92 staff last year, including 30 mid-career officers from the private sector. It said a key challenge was "people development", adding that it would give "increased emphasis to career development and training this year".45 words
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Article, Illustration510 1999-07-08 2 Audrey Tan - By, Audrey Tan SINGAPORE'S economy is set for a strong rebound this year, and an early restoration of the Central Provident Fund (CPF) cut will not choke off the recovery, economists said yesterday. But they added that Singapore's long-term competitiveness remains an510 words
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EMPLOYER News
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Article, Illustration405 1999-07-08 3 W2<A the Board's new on-line training module, your payroll staff no longer have to waitfor scheduled training sessions or make tedious trips to the Board they can train themselves in the office. to the CPF I Board's on-line training A. module, your new payroll staff will405 words
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Article, Illustration843 1999-07-08 3 Organisations are opting for the Board's electronic services to send in their CPF contribution details and make their payments. It's more productive. The automotive Komoco group finds it a time-saver. The Ministry of the Evironment (ENV) finds it secure. Ang Mo Kio Community Hospital843 words
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Article161 1999-07-08 3 Sign up for Giro now and enjoy three more days to pay your CPF. All your CPF payments can be taken care of with just one simple instruction to your bank. Deduction is automatic so you need not worry about late payment. Sending of cheques by161 words
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149 1999-07-08 3 Stay up-to-date on CPF issues with just a click of the mouse. With the electronic version of the Employers' Handbook, you can get all the information you need in the comfort of your office, whenever you need it. Easily accessible at the Board's website, the149 words
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Article249 1999-07-08 3 Check out the latest services at our website, and save yourself a trip to the CPF Board. As part of the Board's constant efforts to improve its service, employers will be able to complete and send commonly-used forms electronically by the end of the year. For249 words
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402 1999-07-08 4 Ronnie Lim - It follows Shell's move last week in cutting back due to regional glut By Ronnie Lim SINGAPORE Refining Company (SRC) the joint refinery of listed Singapore Petroleum, British Petroleum and Caltex will cut production by almost one-third to 200,000 barrels402 words
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Article, Illustration456 1999-07-08 4 Corinne Kerk - Other winners include monastery, shophouses By i Corinne Kerk COMMERCIAL developments Far East Square and Capital Square in the China Square Conservation Area yesterday became two of the six recipients of this year's Architectural Heritage Awards. Given out by the Urban RedevelopmentSIEW YAW HOONG; ARTHUR LEE - 456 words
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Article, Illustration389 1999-07-08 4 Despite 3.6% Q2 rise, rents are still 19% down year-on-year JONES Lang LaSalle's islandwide industrial rental index has posted its first increase in 12 quarters, with a 3.6 per cent quarter-on-quarter rise in the three months to endJune. Despite the increase,Source: Jones Lang LaSalle Research - 389 words
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Article, Illustration330 1999-07-08 4 Anna Teo - EYE ON THE ECOMOMY Outlook By, Anna Teo THE "impressive" US$l5.6 billion trade balance chalked up last year is likely to fade in 1999 as Imports pick up and export growth begins to plateau, says JP Morgan. The US investment bank expects Singapore's importsSource: JP Morgan - 330 words
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447 1999-07-08 4 THE first half-year saw a 50 per cent jump in the number of properties put up for auction. The success rate has also improved significantly. About four out of 10 properties put up for auction found buyers in the447 words
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358 1999-07-08 4 Tan Lai Hok; Daniel K C Lim Malaysia - MATTJIfI Tan Lai Hok and Daniel K C Lim Malaysia I REFER to your On The Grapevine report "Unhappy shareholders" (BT, June 30). Your report of a mandatory general offer (GO) by RHB for Sime Bank Bhd is incorrect. A mandatory358 words
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Article357 1999-07-08 4 Jane Teah - Jane Teah Company secretary Asia Food Properties Ltd WE refer to Denis Distant's letter to the editor (BT, July 2) on why shareholders of Asia Food Properties Ltd (AFP) are not given preferential allocation of shares of Golden Agri-Re-sources Ltd in its on-going initial public offer.357 words
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589 1999-07-08 5 Jennifer Lien - TECHMOPREMEURSHIP PERKS Govt outlines criteria for new immigration rules from Sept 1 By, Jennifer Lien ARMED with a business plan and sufficient capital, a budding foreign technopreneur can soon apply for a work pass here. In a joint statement, the Manpower Ministry (MOM), Singapore589 words
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Page 3 Advertisements
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Advertisement6 1999-07-08 3 using jQ CPF Line /QUALITY CLASS6 words
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Advertisement9 1999-07-08 3 ANOTHER PUBLIC COMMUNICATION EFFORT BY A QUALITY CLASS ORGANISATION9 words
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Advertisement6 1999-07-08 3 fit TOGETHER LOOKING AFTER OUR FUTURE6 words
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Page 5 Advertisements
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Advertisement139 1999-07-08 5 rT 11 111 A lot of thought goes into making your BMW the most dynamic car in rigorously trained to BMW's worldwide standards. the world. And to ensure your driving pleasure for years to come, we In this way, your BMW remains the smartest car on AAaS put a lot139 words
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ASIA ON THE MEND
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403 1999-07-08 6 Though that's from low base, data shows recovery nnderway, say economists Reuters [KUALA LUMPUR] Malaysia's industrial output surged 5.4 per cent during the 12 months to May, showing the strongest annual growth since December 1997 and suggesting that an economic recovery isReuters - 403 words
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243 1999-07-08 6 Bloomberg [KUALA LUMPUR] Malaysia's central bank said it took over the management of two more loss-making finance companies on June 25, as it tries restore health to the industry. The two companies are Sime Merchant Bankers Bhd and Sabah Finance Bhd.Bloomberg - 243 words
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335 1999-07-08 6 It cites strong domestic, external demand momentum AFP [KUALA LUMPUR] US investment firm Merrill Lynch and Co said yesterday it had revised upwards its forecast of Malaysia's economic growth to 4.9 per cent this year from 2.0 per cent previously. TheAFP - 335 words
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Article, Illustration150 1999-07-08 6 AFX-Asia [BANGKOK] Thai share prices closed lower led by banks and finance companies, amid rumours that a number of financial institutions could be closed and concerns about second quarter corporate earnings announcements later this month, dealers said. They said investorsAFX-Asia; Source: Bloomberg - 150 words
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362 1999-07-08 6 AFP [TAIPEI] Taiwan exports rose 5.5 per cent year-on-year to U5557.42 billion (5597.6 billion) in the six months to June on strong demand from recovering Asian economies, official data showed yesterday. Imports, however, fell 3.8 per cent from a yearAFP - 362 words
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Article, Illustration322 1999-07-08 6 Central bank's new target pushes stock index above 1,000 Bloomberg [SEOUL] Korea's central bank raised its 1999 economic growth target to 6.8 per cent, from the 3.8 per cent expansion it was forecasting three months ago, and the Korean bourse yesterday celebrated the news.Bloomberg; REUTERS; Source: Bloomberg - 322 words
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Page 6 Advertisements
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Advertisement233 1999-07-08 6 Don't open a dictionary No more keyboard ■^Gluicktionary vailable English, Chinese. Japanese, Korean, French, German, Italian, Spanish, Portuguese, Dutch, ISO rousn, nussian, Swedish, Czech, Greek, Hungarian, Turkish, Hebrew, Arabic, Finnish, Norwegian etc 9002 Winner iOuicktionaryAuthorised Dealers 15CMHWEK' HP? J'fl Boo* Shoo Pit Ltd WVW P»r Ris West Ptaza llf Bo*233 words
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REGION
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561 1999-07-08 7 Diana Oon Abdullah - IT bigwigs attending will also discuss policy directions for the cyber zone From. Diana Oon Abdullah in Kuala Lumpur MALAYSIA will push the development of electronic commerce and discuss the issue of cyberlaws when top leaders in the information technology world meet561 words
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290 1999-07-08 7 fa SHANGHAI Companies taking large bank loans to play market, it says AFX-Asia THE current stock market rally risks generating a large increase in non-performing loans as enterprises and securities companies borrow bank funds for investment in shares, the China BusinessAFX-Asia - 290 words
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216 1999-07-08 7 U SHANGHAI Bloomberg, Reuters CHINA'S financial regulators ordered Pudong Lianhe Trust and Investment Corp, one of the largest trust and investment firms in Shanghai, to shut as the firm's bad loans soared. The trust firm, formed in 1996 by the Agricultural Bank of ChinaBloomberg,; Reuters - 216 words
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Article, Illustration85 1999-07-08 7 [YELLOW RIVER, China] Hundreds of People's Liberation Army soldiers have been enlisted to take up the fight against China's life-threatening flood season in Northern China. Yesterday, the troops pictured were hauling sandbags up to the banks of the river Authorities in China, where more thanAFP - 85 words
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202 1999-07-08 7 MANILA Intense competition will force mergers: central bank chief AFXAsia PHILIPPINE central bank governor Rafael Buenaventura said only four to six universal banks will ultimately control the banking sector as a result of ongoing mergers and consolidations. Universal banks or expanded commercial banksAFX- Asia - 202 words
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Article, Illustration451 1999-07-08 8 PORT MORESBY Uproar over charge that funds were sought for recognising Taiwan Reuter, AFP PAPUA New Guinea Prime Minister Bill Skate quit yesterday with his government crumbling beneath him and a row raging over new diplomatic ties with Taiwan. "I want to announce myReuter,; AFP; REUTERS - 451 words
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622 1999-07-08 8 SEOUL Casino seen reviving economy of depressed Kangwon province Bloomberg OVERCOMING its traditional aversion to roulette wheels and blackjack, the South Korean government is offering investors a stake in a US$l billion (Ssl.7 billion) gambling resort that heralds the end ofBloomberg - 622 words
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168 1999-07-08 8 TOKYO Bloomberg ROTHSCHILD Inc of the US and Japan's Daiwa Securities SB Capital Markets will set up a 40 billion yen (***** million) fund to invest in bankrupt Japanese companies, Daiwa said yesterday. The fund, to be called Japan RecoveryBloomberg - 168 words
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274 1999-07-08 8 NEWDELHI AFP INDIA announced a sweeping plan on Tuesday to divest equity worth US$2.3 billion <899.9' billion) in state-run firms during the fiscal year to March 2000. Information and Broadcasting Minister Pramod Mali ajan said the domestic and global shareAFP - 274 words
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474 1999-07-08 8 MELBOURNE Poll suggests 8-year economic expansion will continue Bloomberg AUSTRALIAN companies are reaping the rewards of brisk economic growth, saying conditions in the second quarter remained near their strongest in two years. National Australia Bank Ltd's index of business conditions, which weighs sales,Bloomberg - 474 words
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Page 7 Advertisements
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Advertisement161 1999-07-08 7 ((LCastle Group Business Information Specialists In Association With iiNO*roai STUDIES REFORMASI Indonesia's Election f 1 s■ imim I Shangri-La Hotel, Singapore 14 July 1999 Chairman, National Mandate Party Former Chairman, Muhammadiyah Special Guest Speaker: /V Director, IMF Other Confirmed Speakers: MARZUKI DARUSMAN Vice Chairman Golkar, Chairman Indonesia National Human Rights161 words
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Advertisement93 1999-07-08 7 TV Overseas. Bom of centuries of experience. Designed to weather any in solid gold. Water-resistant to 150 m (about 500 ft). Screw-locked -.v. crown and case back. Folding bracelet clasp with double safety catch. Overseas. The world is yours. 4" VACHERON CONSTANTIN The world's oldest watch manufacturer Geneva, since 175593 words
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Page 8 Advertisements
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Advertisement200 1999-07-08 8 MID-YEAR SALE! Now on till 11th July Goldpfeil -The "Voyage Collection"cabin trolleys are made of an extremely durable and practical, highquality twilled nylon fabric. The leather edging is in finest leather with a vertical grain. The strap is made from nylon, offering the same features as a safety belt. il200 words
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THE WORLD
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WORLD Watch
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74 1999-07-08 9 LAT-WP {WASHINGTON] The crisis that began in Asia two years ago turned out to be a great tonic for the US economy. But now, with Asian economies on the mend, their gain could mean some pain here. The US economy now faces the prospectLAT-WP - 74 words
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75 1999-07-08 9 Reuters [GENEVA] Envoys from around the globe yesterday finalised plans for shaping an agenda for a new round of negotiations on freer world trade expected to be launched late this year. Trade sources said ambassadors to the World Trade Organisation were close toReuters - 75 words
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75 1999-07-08 9 AFP [WASHINGTON] The Pentagon is willing to allow European or Asian firms to buy major US defence firms under certain conditions, Jacques Gansler, undersecretary of defence for acquisition and technology, said yesterday, predicting a wave of transatlantic mergers. He said such mergers would createAFP - 75 words
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53 1999-07-08 9 Bloomberg [LOS ANGELES] Walt Disney Co and Jeffrey Katzenberg agreed to settle Mr Katzenberg's US$5BO million (Ss9B6 million) lawsuit against the company. Terms of the settlement weren't disclosed. Mr Katzenberg and Michael Eisner, chief executive of Disney, said they are satisfied with the conclusionBloomberg - 53 words
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Article, Illustration602 1999-07-08 9 Neil Behrmann - Bids by big players at UK auction below accepted offer From Neil Behrmann in London HEDGE and commodity funds aim to drive gold prices down towards the US$25O barrier, bullion dealers here said yesterday. Prior to the British 25tonne gold auction, mostREUTERS - 602 words
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371 1999-07-08 9 LONDON At constant exchange rates, the total was np 8.3% Reuters OUTSTANDING publicly issued bonds in 23 major markets at the end of 1997 totalled U5521.94 trillion (5537.2 trillion), just 1.5 per cent more in US dollar terms than a year earlier,Reuters - 371 words
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579 1999-07-08 9 Shada Islam - It will press for multilateral framework for roles bat won't use trade sanctions From\ Shada Islam in Brussels THE European Union is pushing ahead with controversial plans to include labour standards on the global trade agenda despite fierce resistance from579 words
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Article127 1999-07-08 9 NEW YORK Reuters IMPROVED economic performance in Asia and Europe, coupled with rising interest rates in the United States, indicate that overseas markets will likely outperform US markets, Merrill Lynch chief investment strategist Charles Clough said yesterday. In a global investment strategy brief distributed byReuters - 127 words
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Article362 1999-07-08 9 LONDON AFP THE sharp fall in the price of gold, caused by the first auction of part of Britain's reserves, is hitting countries which produce gold, putting their mining industries and currencies under pressure. In South Africa, thousands of miners are likely to lose theirAFP - 362 words
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293 1999-07-08 9 SEOUL Bloomberg THE European Central Bank has no immediate plan to intervene to reverse a 13 per cent slide in the euro this year since an expected recovery in European economies will help stabilise the currency, a senior bankBloomberg - 293 words
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Page 9 Advertisements
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Advertisement132 1999-07-08 9 X KBA KOREAN BUSHES ASSOCIATION (SfttttfOftt) is pleased to announce the inauguration of the association by Mr Mah Bow Tan Minister for National Development today. AIM OF KOREAN BUSINESS ASSOCIATION (SINGAPORE) 1. To promote co-operation between Singapore and Korean companies for trade and investment 2. To contribute towards the advancement132 words
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EDITORIAL & OPINION
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Article, Illustration895 1999-07-08 10 Anthony Rowley - THE BOTTOM LOVE OPINION By Anthony Rowley The writer is BT's Tokyo correspondent IT would seem that Voltaire was right and that "all is for the best in the best of all possible worlds". The US economy has moved back into a895 words
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Article87 1999-07-08 10 'It wasn't as good as Disneyland.' Lawrence Goichman a recent American visitor to the Cu Chi tunnels, one of the most famous battlegrounds of the Vietnam War. Our children watch the sajne violent movies and television programmes, they play the same violent video games, they also come87 words
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Article636 1999-07-08 10 EDITORIAL THE search for a new head of the World Trade Organisation (WTO) has entered a new phase with Australia proposing a compromise: New Zealand's Mike Moore and Thailand's Supachai Panitchpakdi will each serve up to three years consecutively. This is a workable idea, considering that636 words
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Article, Illustration1188 1999-07-08 10 Jean Eaglesham - Computer crashes caused by the Y2K bog could lead to costly court cases By, Jean Eaglesham FT COMPANIES worldwide have spent billions of pounds to ensure their computer systems and software can cope with the Year 2000 date change. Dealing withFT - 1,188 words
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Article, Illustration1062 1999-07-08 10 Tha dull truth about gold FOR thousands of years, gold has been an integral part of the world's monetary system. At first, it was the stuff from which money was made. Then, it backed up the value of paper money and formed the basis of global1,062 words
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EXECUTIVE LIFESTYLE
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Article, Illustration478 1999-07-08 11 FILM Reuters [LOS ANGELES] Remember when Hollywood insisted that male and female actors sleep in separate beds and wear sets of pyjamas even when the script said they were married? And remember when the cameras panned to the heavens and the music swelled butReuters; REUTER - 478 words
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Page 11 Advertisements
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Advertisement357 1999-07-08 11 Where to wine, dine and entertain..."^ Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. *22 (Aduit) *15 (Child) for 4 to 5 persons *20 (Adult) *15 (Child) for 6 persons 8C above For reservations, please call 290 8005/299 9011. Pncei sublet357 words
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Advertisement62 1999-07-08 11 Discover the Flavours Spices of India with Chef Anupam Banerjee from The Oberoi, New Delhi. 2 to 9 July 1999 {fe CiWhliih Set Lunch Dinner available daily ss mmi Enquiries: 831 6291 >■■■ Mandarin Q] Singapore nJEE^ MMLITWi JJ3 Octurd Rcud. S.ngjpore 2J8867 W: 737 4411 Fax 7732 2361 162 words
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Page 11 Miscellaneous
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Miscellaneous778 1999-07-08 11 CRYPTIC CROSSWORD used in dire circumstances 27 Ready to eat, or be eaten? (7) 28 Being safe in the end is guar- anteed (7) 8 Exit t0 OP" 1 air? (7) YESTERDAY'S SOLUTION nowv 14 He makes a speech on capital ■uMiiMi ■ii^^MiiMiiM VT w investment (4-5) "R^TBsmEffMSNmHra 1 Supply778 words
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MOTORING
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Article, Illustration2089 1999-07-08 12 Christopher Tan - With six counters zooming ahead of the DBS-50 in the first half, here's a look at the staying power of various stocks By\ Christopher Tan [SINGAPORE] AMIDST the current bull run, which saw the STI rising from 800 to 2,200 points between last SeptemberFILE PHOTO; Source: Reuters - 2,089 words
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Page 12 Advertisements
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Advertisement66 1999-07-08 12 El Any petrol can power your cor, but Formula Shell XO does more. Its revolutionary formulation Icleans your engine as you drive, giving you a silky, smooth ride. Powerful Vaporon™ energy boosters unleash extra energy the instant you step on your accelerator. It's the most advanced petrol ■n of its66 words
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COMPANIES & MARKETS
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548 1999-07-08 13 Conrad Raj - All his US assets freed; move follows his April deposition to SEC in New York Byi Conrad Raj [SINGAPORE] America's Securities Exchange Commission (SEC), the watchdog of its securities industry, has cleared Singaporean property developer Bobby Ong Congquin of all insider548 words
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250 1999-07-08 13 [SINGAPORE] All of the Land Transport Authority's $300 million bonds were snapped up on the first day of its offer yesterday, said DBS Bank, the joint lead manager with Morgan Stanley Dean Witter. Eric Ang, managing director and head of DBS250 words
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Article, Illustration443 1999-07-08 13 Annette Pau - Rate second highest this year after Allied's 268.6 times By. Annette Pau [SINGAPORE] Sesdaq-bound Asti Holdings yesterday said its public offer tranche of 6 million shares has netted a subscription rate of 267.2 times at its close on Tuesday. This makes its443 words
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764 1999-07-08 13 Self-initiated moves taken to cut risks of bad debts Bloomberg [SINGAPORE] G KGoh Holdings' business has become so hot it is turning clients away. The smallest of Singapore's four listed stock brokerages put up a sign recently at its receptionBloomberg - 764 words
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Article, Illustration339 1999-07-08 13 Teh Hooi Ling - By Teh Hooi Ling [SINGAPORE] The Stock Exchange of Singapore wants GES International to explain why it had said the exchange had "no objection" to a share sale by its executive chairman when the exchange had yet to giveFILE PHOTO - 339 words
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COMPANIES
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244 1999-07-08 14 AFX-Asia [BANGKOK] Singapore-listed Total Access Communication pic (TAC) is negotiating with four new potential investors to take a stake in the company, managing director Mustapha Man-Nga said. He said the company will select only one potential new partner, to whom TACAFX-Asia - 244 words
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359 1999-07-08 14 Lee Kim Tew denies he plans to control Magnum via Snnrise AFXAsia, Bloomberg [KUALA LUMPUR] Multipurpose Holdings Bhd has cut its stake in Magnum Corp Bhd, Malaysia's oldest lottery operator, to a direct 22.3 per cent and indirect 8.51 per cent, via theAFX- Asia,; Bloomberg - 359 words
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Article, Illustration636 1999-07-08 14 Sale of real estate assets allows it to refocus on core sports goods business Bloomberg [SINGAPORE] Ossia International, a Singapore distributor of sporting products, is optimistic of achieving earnings per share of about 1.5 cents in 1999 compared with a loss,Bloomberg; FILE PHOTO - 636 words
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231 1999-07-08 14 Bloomberg [KUALA LUMPUR] Malaysian Plantations Bhd, which is into real estate and financial services, said a former executive got a court order to prevent Multi-Purpose Bank from selling his shares of the company pledged to the bank. Ahmad Fuad Md Ali, former executive chairmanBloomberg - 231 words
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300 1999-07-08 14 Reuters [WELLINGTON] CHL New Zealand, a private investment consortium planning to buy out clothing manufacturer LWR, said yesterday that it had formally entered into an option agreement with Brierley Investments to purchase 64.2 per cent of LWR over the next two years atReuters - 300 words
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Article238 1999-07-08 14 Clarissa Tan - Choo Meileen made non-executive chairman By l Clarissa Tan [SINGAPORE] Cathay Organisation Holdings, formerly known as IMM Multi-Enter-prise (IME), has appointed Wong Hean Fine its president and chief executive officer. The company also said yesterday that it had appointed Choo Meileen its non-exec-utive chairman238 words
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203 1999-07-08 14 Rahita Elias - By\ Rahita Elias [SINGAPORE] Greenall Investments Pte Ltd yesterday exercised a call option to acquire 60 million shares representing 75 per cent of the former IMM Multi-Enterprise's (IME) capital for $15.9 million or 26.58 cents a share. Following this acquisition, IME is203 words
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132 1999-07-08 14 Reuters [BANGKOK] Thai electronics firm K R Precision yesterday said it had rejected an offer by Singapore disk drive suspension maker Magnecomp International Ltd to take a controlling stake in the firm. "The Magnecomp offer is inadequate, not in the best interestReuters - 132 words
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COMPANY Briefs
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Article66 1999-07-08 14 [SINGAPORE] Venture Manufacturing (Singapore) subsidiary Cebelian Holdings has agreed to sell 1.5 million shares, or 40 per cent, in Venture Meto International Pte Ltd for an Initial sum of $625,000 and a final consideration of up to an additional $125,000. Cebelian will be left with66 words
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Article71 1999-07-08 14 [SINGAPORE] Creative Technology yesterday said that Compaq Computer Corporation is now shipping the Creative Labs SBS-52 powered speaker system with its Prosignia family of desktop PCs for small and medium businesses. The SBS-52 powered speakers were designed by award-winning company Cambridge Sound Works. Creative also said71 words
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Article41 1999-07-08 14 [SINGAPORE] Singapore Telecom has incorporated a subsidiary in South Korea, Singapore Telecom Korea Ltd. The unit has an issued and paid-up capital of 50 million won (5572,300). It provides telecommunications services and is involved in related businesses.41 words
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Article34 1999-07-08 14 [SINGAPORE] Bonvests Holdings has subscribed for an additional 5.5 million shares in subsidiary Bonstar Pte Ltd at par, raising the issued and paid-up capital of Bonstar to 18.5 million.34 words
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73 1999-07-08 14 [SINGAPORE] Omni Industries will incorporate a new subsidiary, Omni Plastics Technology, in Shanghai to carry out plastic component sub-assemblies. It will invest US$5OO,OOO (S$848,000) in the new unit which is held through Omni Plastics China. Meanwhile, Omni also said the initial paid-up capital of73 words
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394 1999-07-08 15 Toshiba says it will retool lines at Dominion to make more lucrative chips Bloomberg [TOKYO] IBM Corp said it will sell its half of a computer memory-chip factory to joint owner Toshiba, Japan's sec-ond-largest chipmaker, leaving Toshiba without aBloomberg - 394 words
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432 1999-07-08 15 Reuters [HONGKONG] Shares of Cable and Wireless HKT tumbled 6.48 per cent yesterday after China Telecom (Hong Kong) Group Ltd sold part of its stake, prompting rumours that it would pull out completely. China Telecom (Hong Kong) Group said itReuters - 432 words
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Article164 1999-07-08 15 Bloomberg [TAIPEI] Acer, Taiwan's leading computer maker, won a NT$3O billion (551.58 billion) order from Dell Computer, helping bolster earnings as it aims to double operating profit, local media reported. The order would be its first from Texas-based Dell, the Commercial Times reported. AcerBloomberg - 164 words
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331 1999-07-08 15 FT [NEW YORK] BOC is considering a proposed joint takeover offer from Air Liquide of France and Air Products and Chemicals of the US that values the UK industrial gases group at about £7 billion (5518.6 billion). The move is theFT - 331 words
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433 1999-07-08 15 200 jobs to go as firm closes its US mobile phone business Bloomberg [TOKYO] Sony Corp, the world's second-largest consumer electronics maker, said it's shutting its North American wireless phone business and firing about 200 employees in engineering, sales and marketing. Sony's makingBloomberg - 433 words
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Article, Illustration75 1999-07-08 15 [SEOUL]South Korean workers from Jinro Coors shouting slogans yesterday asking for a fair deal from an auction to sell Jinro, which is currently under court receivershipCoors Brewing Co of the United States said on Tuesday that it wanted South Korea's Oriental Brewery disqualified for improperREUTERS - 75 words
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383 1999-07-08 15 60b yen sale a result of growing rivalry between the two Bloomberg [TOKYO] Hewlett-Packard Co, the world's second-largest computer maker, will pay 60 billion yen (SsB34 million) to gain full control of a Japanese joint venture with Yokogawa Electric Corp. Yokogawa said theBloomberg - 383 words
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FINANCE & COMMODITIES
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522 1999-07-08 16 Solid capital strength at top 1,000 but pre-tax profits down from last year FT, Reuters [LONDON] Mergers in the financial services industry have pushed two US groups, Citigroup and Bank of America, to the top rank of the world's largest banks. InFT,; Reuters - 522 words
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563 1999-07-08 16 Clarissa Tan - Its share of Nets transactions has jumped to 80% after POSBank merger By< Clarissa Tan [SINGAPORE] DBS Bank's share of Nets transactions has jumped to 80 per cent after its integration with POSBank, and a congested computer system caused the recent spate of transaction563 words
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Article, Illustration286 1999-07-08 16 Bloomberg [AMSTERDAM] ABN Amro Holding NV, the world's eighth-largest bank, is combining most of its European activities, forming a new division which will coordinate the bank's business in the unified market created by the euro. The bank said it is integrating itsBloomberg - 286 words
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463 1999-07-08 16 Family-owned firms unwilling to join forces, big groups have own problems Reuters [SINGAPORE] Asia's weak and overcrowded insurance market is crying out for mass mergers, but potential white knights of the region have turned a deaf ear to repeated calls for help from financialReuters - 463 words
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227 1999-07-08 16 Reuters, Bloomberg [FRANKFURT] German insurance giant Allianz AG is in talks with Pimco Advisor Holdings to buy all or part of the US fund management firm, the Wall Street Journal Europe reported in yesterday's edition. While Allianz yesterday declinedReuters,; Bloomberg - 227 words
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136 1999-07-08 17 Christopher Podbury, Jardine Fleming - Reports MSCI Singapore Index Christopher Podbury, Jardine Fleming SINGAPORE stocks went through a roller-coaster session yesterday. The benchmark Straits Times Index plunged sharply in the afternoon but recovered much of its losses by the close, finishing down 30.98 points, or 1.4 per cent, at136 words
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189 1999-07-08 17 Cecilia Woo Refco Singapore - MSCI Taiwan futures Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures finished 1.2 points higher, moving in tandem with the Taiwan Weighted Price Index's rise of 15.58 points. This upward movement was the result of optimistic Taiwanese first-half year figures. In189 words
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310 1999-07-08 17 ENERGY REPORT Reuters [LONDON] Oil prices were marginally lower yesterday, recoiling after sharp recent gains spurred by evidence of tight Opec adherence to supply curbs. World marker Brent blend crude was down 11 cents in London at U5517.99 a barrel. Oil prices have jumpedReuters - 310 words
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Article298 1999-07-08 17 AFP, Reuters London THE euro bobbed in narrow ranges against the US dollar yesterday, holding above its recent life low, but failing to find a toehold above the U551.0250 barrier. Dealers said the euro was undermined in the afternoon by rumours, swiftly denied, that the Green Party wasAFP,; Reuters - 298 words
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Article, Illustration1262 1999-07-08 17 DfTERBAMK CROSS RATES C$ Euro Ffr Dw H« mdh Bupnh Yn Wow 8M NZ$ Pafc »t Peso S$ »and Sfr WT$ Baht Pwnd tgS Australia 0.973 6.178 0.647 4.241 t265 5.Ml 28.675 44.755 0.808 7.769 2.518 1264 34.*****.359 1124 4.012 1.037 21J94 24.432 0.424 0.663 l i! 5 649 01,262 words
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Article1843 1999-07-08 17 SICOM FUTURES .m? RUBBER (futures ctosmq ts at 5 30pm) RSS1 CONTRACTS ceotsAg) Close Volume Open Month low Sott (tonnes) Interest Aug 99 97.50 300 Sep 99 99.00 900 Oct 99 103.25 103.25 100.75 600 350 Nov 99 102.25 350 Dec 99 104.00 350 Jan/Mar 00 107.00 600 RSS 31,843 words
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Article, Illustration1331 1999-07-08 18 AFP Q Hang Seng -115J7 HONGKONG share prices fell 0.8 per cent yesterday as investors locked away profits in the absence of fresh buying incentives, dealers said. "I think the market is taking a bit of a pause after recent sharp rises," said Howard Gorges, vice-presi-dent of South ChinaAFP - 1,331 words
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Article, Illustration567 1999-07-08 18 AFP, Reuters Shanghai B Index -L 35 SHANGHAI'S B shares shrugged off a gain on the parallel market of locally traded A shares to fall 2.7 per cent yesterday, the third straight day of technical corrections, analysts said. The Shanghai Stock Exchange's B Share Index, which tracks shares nominallyAFP,; Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 567 words
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Article344 1999-07-08 18 AFP QWP Index +15JS8 SHARES closed 0.2 per cent higher yesterday as bargainhunting offset early losses, dealers said. "Buying interest is strong in plastic and petrochemical sectors because of the hike in oil prices," said Yu Yin-kai, analyst at Grand Cathay Securities. The Taiwan Stock Exchange Weighted Price IndexAFP - 344 words
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Article2186 1999-07-08 18 LONDON Industrial! JM7 NM *h 3i Croup 7.94 0.13 Abbey National 1L82 -0.16 A B Foods 4.34 -0.13 A B Ports 2.95 0.02 Alliance t Leicestar 8.53 -0.27 Allied Domecq 6.01 -0.07 Allied Zurich 8.32 -0.06 Anglo American Gold 43.70 unch ASOA Group 2.18 unci) Bar* of2,186 words
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Article1663 1999-07-08 18 AFP P Nikkei 225 -9L83 SHARE prices in Tokyo closed 0.5 per cent lower yesterday in the absence of fresh buying pegs, brokers said. The key Nikkei Average of 225 selected issues on the Tokyo Stock Exchange fell 91.83 points to 17,958.90, ending below the major chart line ofAFP - 1,663 words
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KUALA LUMPUR STOCK MARKET
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Article8749 1999-07-08 19 INDUSTRIALS Consumer protects 1999 Last Vol Day Het Cap High Low Company Sala 'OOP High Low HI $mM 440 255 Ajinomoto 384 unch 6 390 384 24.4 155.6 138 46 Angkasa 130 -3 1083 138 128 191.7 364 220 Apollo Food Hlg 350 8 526 364 344 12.2 140.0 2948,749 words
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Article, Illustration421 1999-07-08 19 AFX-Asia □Composite Index -6.76 SHARE prices closed lower largely on profit-taking with investors reluctant to take positions as trade settlements became due following last week's heavy volumes, dealers said. However, steady institutional and retail interest kept losses in check, they added. The KLSE Composite IndexAFX-Asia - 421 words
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WARRANTS,OPTIONS & REGIONAL MARKETS
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Article2088 1999-07-08 20 BONOS. LOANS ft WARRANTS hlJ*'*? LMt V* Day Lest Quota Awq I?*? Lo Stno Company Sat* ♦•f COOO) High Low Buyer Seller Price '22 3 1 3160 *Ac»f wrnf>7ti TS -4 949 82 57 74 75.5 4.5 s 3164 Acma ******4 52 -1.5 1663 56 39 51.5 52 72 '62,088 words
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Article232 1999-07-08 20 HONGKONG STOCKS Cr Or 52 Wfc L-*** v* Day tad Oust* Olv Ot* VM Ntt M Cap High Law mm Company SaM rOOO) Mt» Lw Bwyar Sa8ar CMr Pfl *1* 365 173 5)23 CDC (2000) HK 315 -5 12 315 315 315 8 17 23 10 7 6096.9232 words
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167 1999-07-08 20 R Sivanithy - WARRANT WATCH -By R Sivanithy IN a market as volatile as this, it pays to be nimble and to stick to quality. If one were to scrutinise the warrants table yesterday, one would see that someone who stuck to these principles could have made a167 words
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Article283 1999-07-08 20 AFP P| Wellington *1(133 NEW Zealand share prices rose 0.5 per cent yesterday, helped by another positive day for Telecom. It added six cents to NZ57.94 but was still down from its February high of NZ$9.BO. The NZSE-40 Index was up 10.33 points to 2,171.03 on turnover of NZ$99.BAFP - 283 words
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Article, Illustration857 1999-07-08 20 AFP □set Index -10.71 THAI stocks slipped 2 per cent yesterday as expected second quarter corporate results cast a shadow over the market, dealers said. The benchmark Stock Exchange of Thailand Index lost 10.71 points to 516.11 while the select SET 50 was off 0.81 points at 36.51. BanksAFP - 857 words
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Article392 1999-07-08 20 AFP Composite Index +HLSS SOUTH Korean share prices rose 1.7 per cent yesterday, sending the composite index smashing past the 1,000-point level for the first time in three years and eight months, dealers said. The market was supported by steady inflows of funds, they said. "Compared to market conditionsAFP - 392 words
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Article664 1999-07-08 20 AFP P All Ordinaries -14J AUSTRALIAN share prices ended in negative territory yesterday, pushed 0.5 per cent lower by a sharp slump in gold prices and a spell of prof-it-taking across other stocks, brokers said. The Australian Stock Exchange's benchmark All Ordinaries Index fell 14.6 points to 3,067.3. TurnoverAFP - 664 words
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Article, Illustration717 1999-07-08 20 AFP kl Composite Index -1&82 INDONESIAN share prices closed 2.3 per cent lower yesterday as weakening foreign interest undermined sentiment and offset early gains, dealers said. Trimegah Sekurindo Lestari dealer Suhendra said local sentiment was downcast due to the absence of foreign investors. "I think some local investors wereAFP - 717 words
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Article328 1999-07-08 20 AFP n Manila -4.77 PHILIPPINE share prices slipped 0.2 per cent yesterday after a flat performance on Wall Street, analysts said. The Philippine Stock Exchange Composite Index fell 4.77 points to settle at 2,605.59. Volume was 4.6 billion shares worth 3.9 billion pesos from 2.1 billion shares worth 3.3AFP - 328 words
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7220 1999-07-08 21 Or Of M Wt 52-Wk Ult Vol Day Lad Ouo« 01* ON VM Nat Cm Av« Hm» Law StNo Company tala COOP) N»gl» Law Buytr 8a8ar H C'vr Pfl >mi Prtea MULTI-INDUSTRY 182 t7.5 m b 1000 AcmaSOc 149 id -5 2028 158 1347,220 words
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Article1440 1999-07-08 21 Or 6f M Wt 52-Wk Last Vol My Laat Ouata Of* Mv YM Nat Cap Avq High Law StNa Company t«W COOP) High Law Buyar SaPar C'yf P/I $■> Prtca MANUFACTURING 218 30 c 2049 AS Auto 10c ITS *4 2562 177 159 174 175 10 N 0.6 199.81,440 words
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STOCK EXCHANGE OF SINGAPORE
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Article435 1999-07-08 22 Stocks Voiwme Hotung Inv NT5 77.097,000 Asia FoodiProp 55.231,000 IPC Corpo5c 53.343.000 Frt Links 20c 42,164,000 Eagle Brand Hldgs HK75c 31,768,000 GES Intl Ltd 20c 28,456,000 'Gentinglnt 27,215,000 •TanChonglnt50c 25,167,000 Liang Huat 10c 23,324,000 I-Qne5c 21,880,000 Wirtl > SPH 65,929,345 •TanChonglntSOc 55,893,375 Asia FoodiProfl 48,797,755 GES Intl Ltd 20c 48,786,846435 words
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Article, Illustration614 1999-07-08 22 R Sivanithy - STOCK MARKET COMMENTARY Panic-selling from small players, brokers' trading curbs cited; market ends off lows on short-covering By R Sivanithy CONTRA players and retail punters were brought down to earth with a rude bump yesterday in a heart-stop-ping session which saw the614 words
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Article, Illustration65 1999-07-08 22 Wong Wei Kong - -By Wong Wei Kong HOTUNG Investment fell 1.5 cents to US$0,555 yesterday with 77.1 million shares traded, compared with its 10-day traded average of 44.9 million shares. The stock fell to a day-low of US$0.45 but recouped most of its losses with a sharp retracement. The technical indicators65 words
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ON THE GRAPEVINE
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Article133 1999-07-08 22 A REPORTER at the Monetary Authority of Singapore's press conference yesterday wanted to know why the value of gold held by the MAS has gone up and if it reflected a deliberate policy of buying gold while other central bankers are selling theirs. The question caught managing133 words
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Article128 1999-07-08 22 WE hear that Ravi Menon, senior director for the planning, policy .and communications division at the MAS will be leaving soon for a one-year secondment to the Bank for International Settlements based in not-so-sunny Basle, Switzerland. The work will be exciting as he will be128 words
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74 1999-07-08 22 HERE'S how a bond trader at Raffles Place explained why it is better to put one's money in the Land Transport Authority's latest bond issue than in a bank. He said: "If you put your money in Citibank and Citibank collapses, you queue up74 words
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Article112 1999-07-08 22 AS readers know, Menang Corporation and over half a dozen troubled Malaysian companies were excluded in Akbar Khan's cash offer to Clob investors. The other two contenders for Malaysian Clob shares— Bin tang Melewar and United Engineers Malaysia/Telekom Malaysia—are also not too keen to112 words
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Advertisement72 1999-07-08 13 IflO l-fVoii <r. THE KEY TO YOUR UK PROPERTY FINANCE 1 f frag £32 .sjs. zgajSWaflM jV c Highly competitive interest rate Fast and convenient service Flexible loan package Pre-purchase approval No pre-payment penalties For further Information, please contact either Eileen Tan or Amy Wee at Tel: (65) 225 123372 words
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Advertisement54 1999-07-08 14 SALE BY TENDER 156 GUL CIRCLE Existing 1-storey detached factory I warehouse with a 3-storey office annex and a new 5-storey factory I warehouse building at the rear GFA: 138,533 sf (12,870.195 m) Land area: 105,650 sf (9,815.15 m) Tenure Balance approx. 25.5 years Approved usage: warehousing logistics activities Closing54 words
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Advertisement29 1999-07-08 14 oXelusiV£ package to AfiLttSlwSw new airline of the region /rjVhK< With Free 2 Nights 1) 5 Hotel Siam Intercontinental Hote[ (Airport transfer by Business C/asp can be arranged) Jj29 words
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Advertisement370 1999-07-08 15 One English-language business paper tells you more about corporate Japan than all the local dailies put together. \*'j :4 IS V s ■> v >> W J. ji# vj S| vpp I •AN EXQUISITE WATERMAN BALL-POINT PEN |H [h P| THE JAPAN BUSINESS DATABOOK NIKKEI'S INDUSTRIAL STATISTICS GUIDE ENJOY JAPAN370 words
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Advertisement208 1999-07-08 16 j»— sfwiM Feature -^^SuiN^^j laHßp f%- 'j/, fIUKr v •;£js-tr- "p KiT i ihwwi ig r m *W& > jnjMBI^^^B^BBBWW^^^^^^BMBBMMiI "~™«hr.i»i.i*«*'M»»*»' I m(HM» '<n» —II I» II The direct link to your best prospects Here s an excellent advertising opportunity for you to reach more than 45,000 professionals, managers, executives208 words
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Advertisement18 1999-07-08 16 ftfr cat* Buy It. Sell It. Find It. TODAY©**^-*#. I Uanhe Zaobao I JniJjifr S J m t18 words
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Advertisement191 1999-07-08 16 JjSx&Bßvr IBM print wwv% [Services] IServicesl Lamda Prints Duratrans Commercial&ExNbition (direct output from diskette) Enlargement tor Display 4 Lighted Digital lnjet Print (up to 600 dpi) Bok (Up to 20ft) Digital Retouch«ng of Trans. Du f ans Duractear, Diapiay Trans Computer Slides Presentation t0 Pnnt slKie Du P |,catin 9191 words
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Advertisement11 1999-07-08 18 HOCK LOCK SIEW Takes you behind the news t TheßusinessTimes SINOAFORK11 words
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Advertisement20 1999-07-08 19 t pj Laf jj Your weekly guide to pubs and lounges every Fkriday in The New Paper Fastads f3StrKtS i20 words
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Advertisement13 1999-07-08 20 J lt 111 I "*i inj -<* jf flnr»nT¥ >j^<WiyWHWWM|i|MWBM^MMMK .iiff! Jjn 1 r13 words
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Advertisement10 1999-07-08 21 The full use OF TODAY /s THE BEST PREPARATION fatTOMORROW10 words
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Advertisement18 1999-07-08 21 View the collection at »ot mum watch, men >m«, 'Q'-m, >oi->t/iy/»» o»ch«id to a p tiii m< m18 words
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Advertisement6 1999-07-08 21 Imagination /.V //}()/'c IMPORTANT t/iar} KNOWLEDGE6 words
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Advertisement1841 1999-07-08 22 Toothache? See your dentist, investment advice 7 You need DBS Investor Online. Get the Best, rail us ir 323-3955 831 )USBANK NOTICES SGZ-BANK Incorporated in Germany flH| Singapore Branch: 50 Raffles Place, #40-01 Singapore Land Tower, Singapore *****3 Tel: 438 0060 Fax: 223 0082 CONSOLIDATED BALANCE SHEET CONSOLIDATED PROFIT LOSS1,841 words
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Advertisement294 1999-07-08 22 IN THE MATTER OF THE 1 COMPANIES ACT, CAP 50 AND IN THE MATTER OF CORPORATE MARCH-ASIA PTI LTD (Incorporated In Singapore) (In Mam bars' Voluntary Winding Up) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed company, which is being voluntarily wound up, are required on or before294 words
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Advertisement332 1999-07-08 22 IN THI MATTER OF THE COMPANIES ACT, CAP. M AND IN THE MATTES OF KRESENDO INVESTMENT PTE LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) Al an Extraordinary General Meeting of die Company duly convened and held at 80 Tim Street. Singapore *****9 on 30 June 1999, the following Special Resolution* were duly patted332 words
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SHIPPING TIMES
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Article307 1999-07-08 23 Bridge News, Reuters ATLANTIC Panamax rates agreed disappointed those brokers expecting rates to steady, if not improve slightly, for late July-early Aug cargoes. Rates have yet to register any steep decline for Panamaxes in the east while brokers talked of a "better tone" for capesize tonnage. A risingBridge News,; Reuters - 307 words
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Article270 1999-07-08 23 Ml CWT Distribution 1.44 -0.03 547 Chuon Hup 1 JO -0.03 2640 Cotco Irtvastmant 1.26 -0.09 490 Frrtght Links 0.42 -0.04 ***** 08 Holdings 1.02 -0.09 427 H4 Sun Hup 0.90 -0.04 2281 IMC HoK*ngi-HK 5.60 unci) 0 Jaya Holdings 1.07 -0.01 22S2 Shipyard 8.05 -0.15 174 Corp270 words
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353 1999-07-08 23 Tankers scrapped in second quarter np 27-5% while dry bulk carriers sold for scrap fell 13% Reuters [PIRAEUS, Greece] Tanker scrapping shot up while the disposal of bulk carriers diminished as the total deadweight tonnage of ships sold for demolition rose by 5Reuters - 353 words
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247 1999-07-08 23 Bloomberg [LONDON] Kvaerner ASA, Europe's largest shipbuilder, said it rejected a £1 million (552.7 million) bid from General Electric Co pic's Marconi Marine unit for its Govan, Scotland, shipyard, saying the price was too low. Kvaerner spokesman Paul Emberley said the companyBloomberg - 247 words
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Article, Illustration669 1999-07-08 23 Marcus Hand - SHIPSHAPE By: Marcus Hand SINCE coming to work in Singapore one-and-a-half years ago, Nick Sansom, managing director for Thomas Miller South-east Asia, has become a well known character on the local shipping scene. A man who clearly enjoys the social aspect669 words
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Article, Illustration482 1999-07-08 23 Management, onion talks on new contract yet to resume Bloomberg [SAN FRANCISCO] The Port of Oakland was shut down and work slowed at the country's two busiest ports, Los Angeles and Long Beach, California, after the expiration of a contract withBloomberg; FILE PHOTO - 482 words
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484 1999-07-08 23 Move the latest in a series to reduce role of foreign investors NYT [VLADIVOSTOK. Russia] The board of Russia's largest shipping company elected a ranking official of the Russian government as the company's chairman on Tuesday, bowing to pressure from aNYT - 484 words
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Article, Illustration1199 1999-07-08 24 POST OF SINGAPORE Maritime Port Authority of Singapore works to minimise the potential pollution dangers to Singapore's waters Port of Singapore Magazine THE biggest single crisis for Singapore as a port for many years came on the night of Oct 15,1997. That was when the VLCCPort of Singapore Magazine; FILE PHOTO - 1,199 words
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Article201 1999-07-08 24 PACE Dongnama 3 ACL 6 ECU Lint 6 AMI j ECl 4 Accord 8 Evergreen 6 Appenship 5 Fo Austral 8 GUn 4 BaUji Shpq 5 GW4ftr,nS 6 BSA 7 7 It., to 8 Hanjin 3 CCNI 7 HWn,A 4 Hyundai 7 8 ICFS 3 C0SC 5201 words
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Article18845 1999-07-08 31 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Oest'n Name Name Number Number -r,,r»..r, To BURNIE (BUR) 2061 Australia To ABIDJAN (ABJ) 2003 Cote D Ivoire 19/07 w/oa Hyundai mm bunca teratai 2 hts 45-*****4418,845 words
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SHIPS IN PORT
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Article653 1999-07-08 35 Vassal Voy Mo Barth Arrival Departure j«m Nft Harcopolo 22 Prwl42 M 07/07/3J0 08/07/6.00 WBwSm ***** J01 07/07/730 07/07/1400 BtHar«>an2 ***** J01 07/07/805 07/07/16.-00 Bt R8 3298 T199 J01 07/07/900 07/07/16:00 A*t>ar Putra ***** J02 07/07/6:30 07/07/23.00 Bt Ca Ma3 ***** J01 07/07/8:10 08/07/23:59 m Kota Java *****653 words
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Article1819 1999-07-08 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklnq/Balanct Rstls Ship Voy Mo Etb/Btr Pwkx) From To From MMw 6 92 10/0600 U 07/800 07/W9 07/1*0 a 07/1500 07/1659 07/1900 24 07/1700 04/0*59 00/0900 20 07/1700 00/0*59 00/0900 3 00/0700 00/7159 04/U00 4 04/1200 04/U59 01/1700 Mam* 21,819 words
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Article186 1999-07-08 35 Jul 14 France: National Day. Jul 15 Brunei: HM The Sultan's Birthday. Jul 21 Belgium.: Independence Day. Anf 2 Ireland-Republic Of: August Holiday. Aaft Singapore: National Day. South Africa: National Women's Day. Anf 12 Thailand: HM Queen's Birthday. Anf 15 Belgium: Assumption Day. Hong Kong: Sino-Japanese War Victory186 words
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Article792 1999-07-08 35 THIS report, compiled by Cockett Ma rlne Oil Ltd. shows price ranges in US dollars Instead of single prices for a more comprehensive description of the mar ket Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and792 words
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Article503 1999-07-08 35 Carton 180 Mm 990.6 2.0 17.4 0.W 78 0.05 Jul I Dtftslty Water testdu* Ash Aluminium S*diat*nt No abow £25 0 1(000 ZZm 390 Aw 987J 0.3 13.2 0.06 36 0.01 tim 380 Mai 992.8 0.8 19.2 0.M 183 0.04 «/v m/m m/m mi Wo ibo*t503 words
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AIR & LAND TRANSPORT NEWS
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Article, Illustration497 1999-07-08 36 PREPARING FOR Y2K COMPUTER BUG Bat it will not fly to airports which are unprepared for Y2K problems AFP [HONGKONG] Cathay Pacific Airways said its planes and equipment have passed tests against the millennium computer bug and will be ready toAFP - 497 words
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328 1999-07-08 36 Reuters [JOHANNESBURG] South Africa's air safety watchdog, the Civil Aviation Authority (CAA), said it was in advanced stages of gearing the country's aviation industry to ride possible Y2K complications smoothly. "We are able at this stage to indicate that in as so farReuters - 328 words
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Article, Illustration44 1999-07-08 36 [GEMAS, Malaysia] A man walks by a derailed train in Gemas, 60 kilometres south of the capital Kuala Lumpur. At least 12 people were injured on Tuesday when a Malaysian passenger train derailed after hitting a herd of cows. REUTERSREUTERS - 44 words
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LOG Book
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77 1999-07-08 36 Reuters [HONGKONG] Hongkong's new airport handled 1.68 million tonnes of cargo in its first year, down from the 1.78 million tonnes the previous year at the old Kai Tak airport, according to provisional figures. An Airport Authority spokesman also said Chek Lap Kok airport, openedReuters - 77 words
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67 1999-07-08 36 AFX-Asia [HONGKONG] Goldman Sachs analyst Jean-Louis Morisot said he has cut his 1999 net profit forecast for Cathay Pacific Airways Ltd to HK$BB4 million (*****.53 million) from HK$ 1.331 billion, primarily as a result of the recent pilot dispute. Mr Morisot estimates the payAFX-Asia - 67 words
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57 1999-07-08 36 Reuters [AM3TELVEEN, Netherlands] KLM Royal Dutch Airlines NV, Europe's fourth-largest airline, said traffic rose 2 per cent in June from a year ago, while capacity increased 3 per cent The overall load factor, or amount of capacity filled, fell to 76.9 per centReuters - 57 words
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65 1999-07-08 36 AFP [LONDON] Channel Tunnel rail operator Eurostar drummed up £198.3 million (*****.49 million) in sales In the first half of 1999,6 per cent more than the corresponding figure in 1998. The Eurostar group, which runs high speed rail links from London to Paris and Brussels,AFP - 65 words
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281 1999-07-08 36 Reuters [ATHENS] Greece's Olympic Airways said it was cancelling 50 out of 79 domestic and international flights yesterday because of a second 24hour strike in less than a week by the state carrier's employees. The strikes have been called in protest against aReuters - 281 words
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219 1999-07-08 36 Reuters [SEATTLE] The Boeing Co said it had reached an agreement with General Electric Co to develop a 115,000 poundthrust engine for its long-range 777 airplanes. The Seattle-based aerospace group projects the market for the long-range *****0 X and 777-300 X to beReuters - 219 words
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484 1999-07-08 36 Move expected to help SNCF doable ticket sales abroad to 2b francs a year Bloomberg [PARIS] Societe Nationale des Chemins de Fer Francais (SNCF), France's national railway operator, said it is considering joining an airline group such as the StarBloomberg - 484 words
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Article1667 1999-07-08 36 cm FUCHT ETA FU6HT ETC A<MaM« OfW 2055 S0909 *45 SOWO 0105 S0229 2230 Guangzhou PK SO0O3 1905 C2352 0635 Amsterdam HL837 1455 GA972 0010 CZ353 2045 $0004 W20 KL838 2300 Hanoi VN741 1310 VH740 1410 S024 2330 VW743 1925 mm S0347 QUO S0340 2250 Mat1,667 words
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Advertisement17 1999-07-08 23 PortofS'pore: EVW vigilant against poDution MP A works to minimisepotential pollution dangers to S'pore waters. Page 217 words
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Advertisement10 1999-07-08 23 For once today's big story is on the back page.10 words
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Advertisement27 1999-07-08 23 Y2K-compliant Cathay ready to By on New Tear's Eve But it will not fly to airports which are unprepared for Y2K problems. Back Page Strait Talk SHIPPTOGTIMES27 words
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Page 24 Advertisements
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Advertisement212 1999-07-08 24 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Asia, North America and Europe, you're always in touch with NYK Real-Time Shipping Information Y (global home page) www.nykline.com (for USA rates) www.na.nykline.com f Vyjr i 1 112 %W7=Ti ti 2n li a m 111WET,iM212 words
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Advertisement765 1999-07-08 24 Lines services representei -60®-) Members of the Registry of Accredited Shipping Agents Singapore Shipping Associate*- Members of the s -gap°r^R X ward e fS J LILY UNE MALE VESSEL VOY I ETA rm ETA P. KLAMC SPORE MALE Princess Lily V 0799 06/07 07/07 16/07 Empress Lily V 0399 24/07765 words
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Page 25 Advertisements
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Advertisement1150 1999-07-08 25 SAX SERVKE (DIRECT) vesa vot awtn ux oaa pal hou oo ax «b» «i wrc AftTUMUOBt tag 14/07 29/07 03/08 03/08 03/08 03/00 03/01 03/08 04/00 04/08 AftSAMONTX 0131 21/07 05/08 10/00 10/01 10/00 10/01 10/08 10/00 11/01 11/00 AWTOUMAUi 0271 28/07 12/08 17/08 17/08 17/08 17/08 17/08 17/01 18/081,150 words
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Advertisement2109 1999-07-08 25 OHANJIN SHIPPING LikPl A-MMpUa -Wb *****38 HANJIN SHIPPING PTI ITD //W« b*n cm 400UNG SALES *****74 731 DOCUMENT *****71 774 OPEttTXMS *****5*751 HUN UK *****55 FAX *****40 a K *****V*****M TO NW USA A CANADA USA f ANAPA* R*v*/vor MM SM urham/vot su nw on rax l~~oi T~Sf fir on2,109 words
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Advertisement416 1999-07-08 25 vtssa ror_ _aj_ re wr sw m a ua nis KMTC PROVIDES KJMTCPUSAW -__WS_ M/W 14/07 It/07 70/07 71/07 ..i/fcMOMWA PS 11/07 13/87 271 14/87 11/87 20/07 72/07 73/07 CONTAINER SERVICE PfItUUM WtS It/07 73/07 75/07 77/87 71/07 ■KjßUg tlflS 11/07 70/07 11M 71/87 75/07 77/07 71/07 30/87 TO SIHANOUKVILLE/416 words
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Page 26 Advertisements
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Advertisement1577 1999-07-08 26 DSR-SENATOR LINES TO UK/CONTINENT TO MEDrTERRANEAN/CANADA aw LfH HTM WW HAM WW FU Vttsa VOT «W «T K FOI Ht ITU HAMW SAVANNAH I*oB3o 00 07 30 07 MM MO7 JO 07 tl 00 JAfAH SEMTMI WMO3O 00 07 25 07 T1 07 2* (7 ~jToT ~00 00 HAWMIAMXIONA WNO3I1,577 words
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Advertisement738 1999-07-08 26 S'PORE M'SIA I Carrier: MM CONTR LINES, INC p.guoanq: (07)*****26 I i-J\y J V**™**** seu: (084) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****11 P KELANG: (03) *****77 JKT: (21) *****45 KUCHXQ (082) *****1-3 MADRAS r VANCOUVER MV "KOTA MULIA" V.MULI93 MV "HJ FEUXSTOWE" V.050E738 words
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Advertisement670 1999-07-08 26 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO S PORE N SHEVA COLOMBO P KLANG CAPE CANAVERAL V 10IW 12 JUL 71 JUL 27 JUL 01 AUG TULSIOAS Vlll 19 JUL 27 JUL 03 AUG M AUG MAS TWA VIIIW 26 JUL 03 AUG 11 AUG 15 AUG CAPE CANAVERAL VIO9W 92 AUG670 words
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Page 27 Advertisements
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Advertisement1423 1999-07-08 27 VESSEL VOY KHH HKQ SIN PKO PQB PXB DMM IBA I BIK IRAN LORESTAN PCL-SllO 07/07 00/07 13/07 14/07 23/07 24/07 25/07 27/07 20/07 IRAN TEYFOURI PCL-5111 14/07 18/07 20/07 21/07 30/07 31/07 01/08 03/08 08/08 IRAN BAAKERI PCL-5112 21/07 23/07 27/07 28/07 08/08 07/08 08/08 10/08 12/08 IRAN SHAHRYAR1,423 words
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Advertisement1353 1999-07-08 27 I "-"f J Tffn| 1 I SSS'jßiLggS t o, HSo til 224 im lULntmt omw«o i/u'"'wostM joHcmoma: a *7i7i*»oo« (ingipore MUM ™«!SSL», IS""'" '"W«0 KfT (D/O) <*****5 COSTAR AGENCIES (M) SDN BHD *****2s TIL 02-0735 31m FAJL 02-07-*****70 ssu. [Li z> r»,,„ nn wxmimvt !JiS m "wnflww dw m! Sw1,353 words
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Advertisement643 1999-07-08 27 CHINA SHIPPING (GROUP) COMPANY CHINA SHIPPING CONTAINER LINES CO., LTD. FAR EAST EUROPE FULL CONTAINER EXPRESS SERVICE WESTBOUND (FIXED WEEKLY SERVICES) VSL Ivor I XOO I ON 1 SHA 1 HKO ISTORt I KTM I HAM 1 FXT CAPE RACE 2203 2fiJuc 3£Lha C2Jul QLhi_ oe ?fl t j 29643 words
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Page 28 Advertisements
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Advertisement1281 1999-07-08 28 EUROPEAJK/SCAMPtNAVIA/FINLAHD/BUSSIA E DYNAMIC RW MS li««7 SP2, J?-. HBG ZH LMW LMV RDM HBG PKL SGP I E DEW&TT BSMT 3™? 221 31/07 03/08 04/08 E RENOWN RE-034 17/06 11AM 18/00 HMO 22*6 11*7 12*7 E DEVELOP HWM7 JI2E ?52J 12! !I2J W/M 10/ M 11/ M RMSHT RE 0391,281 words
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Advertisement954 1999-07-08 28 ADVANCE CONTAINER LINES (PTE) LTD ALi Li TEL: *****21, FAX *****19. TELEX RS ***** ACLPL BOOKINGS PliASf CALL: M ***** SALES A MARKETING *****2121 OPERATIONS: *****80* *****06 CR MO. *****M0000E ■AWOKOK UIUMVW* JAKARTA •(7 _voy aw woe vessel I voy I «n 1 jkt YANTRA BHUM (FftT) 298N 8/7 TK.954 words
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Advertisement599 1999-07-08 28 ft* NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vessel vor I sin I rm 1 wTiTwTw" NANUI VENUS ¥0355 20/07 21/07 01/01 04/01 N/N 09/ M RAMAI DtAGOW t0l« 21/07 07/ M 11/09 ~14/09 14/Qj RAMIAIQUffII ¥0345 00/01 17/01 21/09 ~24/M" 2i/09 "HAT GOLDBIDKAGOW *0135 17/01 27/08 31/01599 words
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Page 29 Advertisements
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Advertisement420 1999-07-08 29 BSfl n. tlmm MYANMA IBBBk FIVE STAR LINE (MyHaar National Line) I Loading for Yaagoa (Rangoon) VtSSEL VOT SM PKL PIN PGU SAGAING tOW SU> PAGAN 26SW SU) MALATSU AGENTS: BOUSTtAD SHIPPING AGENCIES KUL TU (03)*****00 PKL TU (03) *****01 PBt TU (04)*****02 PGU: TEL (07)*****21/4 BANK LINE (A service420 words
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Advertisement1310 1999-07-08 29 HMI HYUNDAI MERCHANT MARINE CO., LTD. I Vtssa VOT ISM I SOU UH RTM ANT HAM BBV HI I VtSSB VOYI SOU LIH I RTM AMT HAM BRV I FB I SM NOL AMAZONHT 023W 01/07 26/07 31/07 21/07 29/07 APIPtARL 0091 13/06 20/06 16/06 19/06 07/07 IALOMt 528W 09/071,310 words
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Advertisement1129 1999-07-08 29 Wallenius Wilhelmsen TO NORTH AND LATIN AMERICA 'CAR RORO HEAVY LIFT SERVICE" (VESSEL I VOY j RAMP HEIGHT SIM I LAI CKL MIA SAV M Q*f WYC K* MOB TEXAS AHOI 400 Tom 6.3* 13/07 09/08 IS/01 21/01 *****" ~UjW UW ~nW Of75T WfW TO** A BO 2 400 25/071,129 words
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Page 30 Advertisements
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Advertisement751 1999-07-08 30 mmß BANGKOK/ MAP TA PHUT/ LAEM CHABANGI JAKARTA/PAH J A NO VESSEL VOY SIN BKK MTP LCH~ VESSEL VOY SIN JKT PJN YANTRA BHUM 296N In Pt 11/07 GURU BHUM ***** ~08/07 ~1/07 KOTA HARTA HTAO43 In Pt 11/07 AKA BHUM* 361S 10/07 14/07 MATHU BHUM 422N 10/07 14/07 13/07751 words
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Advertisement358 1999-07-08 30 INDONESIA NATIONAL LINE TO AUSTRALIA ""1 FULL CONTAINER SERVICE ja .wrlm mJL JH_ ja. jbl JO_ BL mst wimhum at hi/w n/w \k/v n/p n/v a/17 <fiiwr [i«jw/yi>/i> ti/w n/p u/v >1 h/m »i—au> |i» ln/wiy/w b/v n/m m/m mm kasuqai ITISIH/WM/OTI |M/MIM/MIW/m| |IS/M| FEEDER SERVICE TO INDONESIA W VOT358 words
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Advertisement727 1999-07-08 30 vessels voy aw pkl jed I mla leh rtm ham scrr VXEDEAWTARES L32W 12A77 13Q7 21/07 2M77 31A>7 02/08 03/06 04/06 06/06 VKXE DE VWOO S32W 20/07 21/07 gg Q3A» 06/06 1(V06 12A» 13/Q6 IMB SAUOIJHXW4 WW 27/07 26/07 Q6/QB 1&TO IflA)6 17/06 Ift«o6 2t>o6 22^6 H32W (XVO6 (WOB 17/08727 words
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Advertisement53 1999-07-08 31 New Advertisers/Services/Agencies INTRODUCING OUR NEW USA TRANSPACIFIC SERVICE Turn To Pg 6 (EVERY MON/WED/FRI) MSC Agencies Pte Ltd I For Service From PASIR GUDANG/ SINGAPORE to MIDDLE EAST/VIETNAM Cpp JCC JH CONTAINER LINE Pg 4 FAR EAST EUROPE FULL CONTAINER EXPRESS SERVICE Turn To Pg 5 CB China Shipping (S)53 words
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Page 33 Advertisements
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Advertisement49 1999-07-08 33 STEjTfcDial 740-6000 Ofl Q€fTl3n(] —WU (Retrieve more schedules!) Press "1" Select the port and key in s Ithe four digit code eg. To New York (NYC) 2275 Key in your fax number I your phone-number Another innovative service offered by The document will be I SHIPPING TIMES S JL}",;^ZL,49 words
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Page 35 Miscellaneous
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Miscellaneous138 1999-07-08 35 22k W LEGEND: R Thunderstorm Temperoture °q V Shower Weother Wrtd direction with speed m knots Rom Cloudy Sky Wov he, 9 h Surface winds ore indicated by orrows which Hy with the wind One fun circle represents calm or light ond vonoble winds J__ One hoH Heche represents 5138 words
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Page 36 Advertisements
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Advertisement7 1999-07-08 36 our Customer at 1900-29S 9899 mvry counts7 words
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