The Business Times, 11 July 2000
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2000-07-11
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The Business Times
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Title Section13 2000-07-11 1 THE BUSINESS TIMES MITA (P)035/12/1999 85C SINGAPORE Internet: http://business-times.asial .com.sg/ TUESDAY, JULY 11,200013 words
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Article75 2000-07-11 1 □sn ymn (+5.48) BMU 80M4 (-0.02) ST INDEX FUTURES 2,09&00 (-1.00) SDfSCI nJTUBES 278.70 (-2.40) STOCK HABKET INDICES Monday Change KLSE OOMP ***** +17.12 NIKKEI 225 17,572.68 *174.44 HANG SENG 17,258.67 +408.71 SET INDEX 326.62 +3.76 JAKARTA COUP 598.47 +0J6 MANILA OOMP _1,S67J7 +«J7 TAIPEI WPI 8,164.67 184175 words
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Article76 2000-07-11 1 F6BEZ BATES US$ SI OSS 1.738 £(US»/SSper£) 1.518 2.638 EUBO(USS/SS/E) 0.952 1.664 DH- 2.054 0546 YEN 106.8 1J28* RM 3.800 0457 HKJ 7.796 0.223 BAHT; J982 0.044 RUPIAH 8.790 0.020 St to ICO units FIDO BATES SINGAPORE* 6.80 KUALA LUMPUR 7.67 JAKARTA 19.00 BANGKOK .9.60 MANILA 11 00 HONGKONG76 words
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661 2000-07-11 1 Siow Li Sen - Chief executive denies ramours that he'll qnit in three to six months By Siow Li Sen [SINGAPORE] John Olds, DBS Bank's vicechairman and chief executive, has denied rumours that he is leaving DBS Bank in three to six months' time. In661 words
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Article, Illustration678 2000-07-11 1 Audrey Tan - Generally broad-based growth leads many economists to now expect over 8% fall-year growth By Audrey Tan [SINGAPORE] Singapore's economy likely grew 7.7 per cent in the second quarter, and looks set to exceed the official full-year growth forecast of 5.5 to678 words
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Article, Illustration300 2000-07-11 1 The latest in a series of stories predicting my imminent departure from DBS and Singapore i appeared Saturday in The Straits Times. The story went so far as to attribute (part of) I; Friday's 3% drop in DBS' stock price to rfiy departure. White300 words
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626 2000-07-11 1 Andrea Tan - 3 'sold' assets back in books; RCCPS treated as debt By Andrea Tan [SINGAPORE] DBS Land yesterday announced several accounting changes that would push its interim bottomline into the red and reclassify billions of dollars on the balance sheets of other listed companies should626 words
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Page 1 Advertisements
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Advertisement71 2000-07-11 1 DKBPE Top Stories Car buyers enjoy deep price cuts. Next Page SGX tie-up with HK bourse unlikely to happen soon. Next Page DBS Horizon Investment Funds raises $840 m. Pg 4 Ezyhealth offers 50m shares at 40c each. Pg 4 JTC gives a boost to startups. Pg 9 Asia-Pac airfares71 words
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Advertisement19 2000-07-11 1 Dealers see better H2 for stocks, Pg 7 Ss, baht, peso hit new for the year p g6 lows19 words
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Advertisement48 2000-07-11 1 I v krfi J& Mpr »i»E5f >»^ J'-* 1 j* :■> •> Z <f■ &'-< y 'H' v i rljS ;IK -t Y.?flv '*W$ r .i ft i <,(•!! i i'. -i v> *> 'i .i s i i II i I t nn I ii < i n t48 words
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ON THE grapevine
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Article66 2000-07-11 2 SOME things are just predestined. Take Look Boon Gee's surname; it just shouts out that it belongs to a man involved in the visual business. And he is. Mr Look is the principal architect of his own firm, LOOK Architects. Indeed, his designs have been eye-catching and66 words
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Article77 2000-07-11 2 SO you hanker after your 15 minutes of fame? Maybe you'll think twice after hearing about the experience of Richard Hassell, a partner in WH Architects, which was recently in the news for winning the competition to design two stations in the Marina rail system. The day77 words
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Article108 2000-07-11 2 THOSE who have watched the Hongkong property market long enough would have noticed that a group of agents stands out from the rest the men from Treasure Land Property Consultants. Founded in 1991, Treasure Land is one of the largest real estate consultancy firms in Hongkong. More notably,108 words
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173 2000-07-11 2 Give it to me straight or can't you? INVESTMENT advisers have come under scrutiny recently. Letters to the press have questioned the roles of the different types of investment advisers while a BT column yesterday highlighted the fact that practically no analyst recommended a sell on Nasdaq when it was173 words
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Article, Illustration654 2000-07-11 2 Christopher Tan - Huge COE supply; dealers in race for volume before new bidding system By Christopher Tan [SINGAPORE] A MercedesBenz sedan from the authorised agent for less than $200,000 would have been unheard of just a year ago. But last week, Cycle Carriage knocked five figuresSource: LTA - 654 words
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Article, Illustration758 2000-07-11 2 Andrea Tan - HIT exclusive Response from HK exchange cautions; market players see difficulties By Andrea Tan [SINGAPORE] After Australia and soon Taiwan, a crosstrading tie-up between the Singapore Exchange (SGX) and the Stock Exchange of Hongkong (SEHK) appears to be on the cards. But758 words
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Page 2 Advertisements
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Advertisement300 2000-07-11 2 The Hull MBA OF HULL MBA (Investment Finance) 10th Intake M mnno S,artin S 2 1 My Few Places U f itt 8 MBA (General Management) Session UK's First V Tue, 11 July 2000 Division MBA (Strategic Marketing) nLz.OO p.m. Universities, 1999" MBA (Travel Tourism) UNIVERSITY OF SOUTH AUSTRALIA "Ranked300 words
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Advertisement25 2000-07-11 2 LTA breaks Nat Steel's car scrapyard monopoly, Pg 9 Buy It. Sell It. Find It. A^<*sk Classified. CATS. I Call Today For Results Tomorrow. 1800-737-116625 words
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Page 3 Advertisements
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Advertisement1013 2000-07-11 3 ADVERTISEMENT Virtual office operator invests in Internet company and plans regional presence liAllCUinrllf Rlicinncc Ponfra expand it to 500 web- compete ,n the New and operate the mobile technology needed for sectors and areas are in such as Malaysia, LIUNSWUNU DUSineSS tenire engineers before the Economy from Day One, Internet1,013 words
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SINGAPORE companies
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Article, Illustration543 2000-07-11 4 Siow Li Sen - Ull exclusive Horizon launched barely a year ago; makes np 12% of nnit trust industry's $7b Bi Siow Li Sen A UNIT trust investment drive directed at the mass market by DBS Bank has reaped a whopping $840 million, barely one year after543 words
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343 2000-07-11 4 Chng Gim Huat said to be injecting Paya Übi Industrial Park into firm AFX-Asia CSC Holdings Ltd said it has failed to reach a joint venture agreement with Paya Übi Industrial Park Pte Ltd and has requested that the Singapore Exchange liftAFX-Asia - 343 words
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Article, Illustration374 2000-07-11 4 Andrea Tan - By Andrea Tan INTERNET startup Ezyhealth Asia Pacific, which is heading for a mainboard listing, yesterday offered 50 million new shares at 40 cents each. Five per cent, or 2.5 million, of the shares are earmarked for the public while the bulk, 47.5SIEW YAW HOONG - 374 words
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Article, Illustration490 2000-07-11 4 Ling Su Ann - Ling Su Ann UNITED Overseas Bank Asset Management will launch Singapore's second healthcare fund tomorrow, amidst growing interest in the life sciences industry. The United Global Healthcare Fund will focus on four main areas: major pharmaceuticals, healthcare services, medical devices and biotechSource: UOB - 490 words
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570 2000-07-11 4 paul thompson - ifrran lock siew paul thompson POR many Singaporean businesses, employees are seen as no more than a costly burden. It's easy to see why. Labour costs are after all a material expense and, for profits to be maximised, expenses need to be570 words
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Article, Illustration246 2000-07-11 5 Marissa Chew - It will pay $29m; part of plan to develop telehubs By\ Marissa Chew KEPPEL Land has secured a conditional option to purchase Uraco Building for $29 million as part of its plans to invest in and develop telehubs across Asia. KepLand said in246 words
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482 2000-07-11 5 Andrew Wee - IPO consists of 9m public tranche shares; 77m placement shares By Andrew Wee INTERNET Technology Group Ltd yesterday launched its initial public offer of 86 million new shares at 65 cents apiece. The company, which is heading for the main board of482 words
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Article, Illustration316 2000-07-11 5 David Boey - By David Boey SHARES of ma inboard listed Datacrafl Asia extended their losses yesterday despite a company announcement that it had acquired a new business arm in New Zealand in a US$4 million (556.9 million) deal Just two weeks ago, the network systems integrator's counter cameSource: Bloomberg - 316 words
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COMPANY Briefs
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Article43 2000-07-11 5 PETER Coulter Hopton has been appointed chief operating officer of Chuan Hup Holdings. Mr Hopton brings with him 25 years of expertise in transportation and logistics, gleaned from working in the Broken Hill Proprietary Company, an Australian conglomerate.43 words
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Article59 2000-07-11 5 FRASER Neave yesterday announced that Daniel Cheong has been appointed corporate general manager for e-business as well as executive vice-president of Fannet Online, F&N's e-commerce arm. Mr Cheong's appointment was effective on July 1. Mr Cheong joins Lee Meng Tat, who was appointed vice-president of operations,59 words
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Article69 2000-07-11 5 UOB Asset Management yesterday launched a US$55 million (Ss9s million) Asian collateralised bond obligation with an underlying portfolio of Asian bonds. The CBO issue, which was sold globally, comprises four different classes of financing AAA Notes, AA Notes, Mezzanine Securities and Preference Shares and have69 words
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76 2000-07-11 5 HOTUNG Investment Holdings has received in-principle approval from the Singapore Exchange to issue 226.99 million new shares at U550.3295 each. These shares will be go to the 96 vendors from whom Hotung is acquiring shares in Futung Venture Capital Corp, Wantung Venture Capital76 words
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Article24 2000-07-11 5 SEMBCORP Industries has sold its 40 per cent stake in Risis Pte Ltd to Silvaroyal Pte Ltd for $2,452 million.24 words
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Page 4 Advertisements
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Advertisement176 2000-07-11 4 BITERnET TBCHnaLDnr CROUP wwwJnttmtoßchnoloaY.com INTERNET TECHNOLOGY CROUP LIMITED www.internettechnology.com (Incorporated in Singapore on 10 April 2000) Invitation in respect of 86,000,000 New Shares comprising as follows: (1) 9,000,000 Offer Shares at 550.65 for each Offer Share by way of public offer; and (2) 77,000,000 Placement Shares by way of placement,176 words
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Page 5 Advertisements
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Advertisement185 2000-07-11 5 t II MWk ri '-'f|ri|ffiw^'--* B C~ 2, 3 4 storey terrace factory units with parking lots at the doorsteps. Good units available! EmmKhß^ p b rontage facing the PIE sew Avt, u < V Allotted car lorry lots at your doorsteps m drive right up to the entrance of185 words
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Advertisement10 2000-07-11 5 Skoppmft far office eflwipmW'? Just click www.wizofflce.com j /Sy wizOfflce.com10 words
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SINGAPORE markets
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Article482 2000-07-11 6 Slocks Vduw I PCX) 20c 116,000,000 MediaRing 10c 69,328,000 AddvafTech 2.Sc 54,947,000 Goodpacklc 36,814,000 Adroit 10c 31,742,000 AcNevaSc 21.522.000 PKTech5c 21,478,000 IPCC<xpn5c 17,374,000 CEI5c 16,001,000 UracoHWgslOc 14,654,000 Stocks f DBSGrp 84,531,791 IPC020C 68.228.170 MediaRing 10c 47.776.380 OCBC 44,031,500 SiA 43,415,398 OUB 33,131.828 Chart Semiconductor 26c 32,456,586 SPH 31.363.339 AddvafTech 2.5c482 words
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Article, Illustration564 2000-07-11 6 r. sivanithy - I-I I comment STOCKS r. sivanithy MOST stocks fared well in a lively session in the local market yesterday, in particular the smaller technology issues listed in the past few months. The Straits Times Index would have gone higher, if564 words
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Article, Illustration193 2000-07-11 6 R Sivanithy - WARRANT WATCH By R Sivanithy A COVERED warrant listed here that hasn't been featured in this column before is Robert Fleming's call on Hongkong Land. For the sake of completeness, we are taking a look at it in today's column, although admittedly,193 words
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Article, Illustration228 2000-07-11 6 Wong Wei Kong - HOT STOCK Bu' Wong Wei Kong SHARES of Ipco International rose yesterday on a surge in volume, with the stock finishing as the session's top active stock. Ipco shares closed up 6 cents or 5.2 per cent at $1.21 on a volume of 116 million228 words
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Article144 2000-07-11 6 ♦SC Global Developments Ltd will undertake a sub-division of the ordinary shares of $1 each in the company's capital into two new ordinary shares of $0.50 each. The Transfer Books and Register of members of the company will be closed at 5 pm on Aug 3,2000. Trading of144 words
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Article, Illustration364 2000-07-11 6 larry wee - I-I I comment CURRENCIES larry wee THE Sing, baht and peso were yesterday forced to new lows for the year even as the Japanese yen and other major currencies rebounded against the US dollar in Asia. The US dollarSource: Reuters - 364 words
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Page 6 Advertisements
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Advertisement212 2000-07-11 6 11 July 2000 EZYHEALTH ASIA PACIFIC LTD (Incorporated in the Republic of Singapore on 14 August 1999) INVITATION IN RESPECT OF 50,000,000 NEW ORDINARY SHARES OF $0.05 EACH BY WAY OF:(1) 2,500,000 OFFER SHARES AT $0.40 FOR EACH OFFER SHARE BY WAY OF PUBLIC OFFER; AND (2) 47,500,000 PLACEMENT SHARES212 words
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Advertisement47 2000-07-11 6 YOU CAN NOW PUT YOUR CPF SAVINGS IN EIGHT. important All applications for units in eight must be made on the application forms accompanying the prospectus investors must read the prospectus The value of the units and the income from them may fall as wellasnse >I<l MISBANK47 words
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SINGAPORE economy
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349 2000-07-11 7 R Sivanithy - Crucial factors are US interest rates, Wall St volatility and local interim earnings reports By R Sivanithy AFTER a relatively poor first half, dealers expect the local market to register a slightly better third quarter before probably trending upward349 words
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Article, Illustration524 2000-07-11 7 Kalpana Rashiwala - By Kalpana Rashiwala THERE was none of the exuberant take-up as seen for The Teneriffe on Thursday at most other developments launched over the weekend. Despite the rosier economic outlook for the rest of the year, home buying sentiment remains cautious overall524 words
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Page 7 Advertisements
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Advertisement199 2000-07-11 7 ,]f®' i%. *> r 1 L jfitf tafe. Ba ISIr MM* Since its early Jays as a trading post in tlie South China Seas, Hong Kong has welcomed the arrival of visitors with style and flair. Today the tradition continues on the Kowloon L i i i f i i199 words
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Advertisement121 2000-07-11 7 Jiokiiwj -for noft /PPAs Just click www.wizoffice.com y J-J WizOfflce.com j m»wv.i l jPRIME.OFFICE 1 SPACE FOR LEASE 0 PRIME •Tung Centre WAREHOUSE/ W^aa -J FACTORY SPACE FOR LEASE A- Z Building For details, please call owner J r Telephone I I 437 6853 437 6872 534 3132 Since 1975121 words
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SINGAPORE news
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408 2000-07-11 8 Marissa Chew - Politicians elsewhere make up for their smaller pay packets with benefits in kind By Marissa Chew THE government yesterday rebutted criticisms made in recent letters to the press on the latest pay hikes for civil servants and ministers. In a letter sent to The408 words
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1383 2000-07-11 8 Ong Keng Yong - MAILCBBI Ong Keng Yong Press Secretary to Prime Minister Prime Minister's Office I REFER to the letters relating to the issue of salary revisions for the civil service and political appointment holders. In "Good pay, yes, but not market pay", Dennis Chua Soon1,383 words
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Article112 2000-07-11 8 A S Khaled - A S Khaled Auckland, New Zealand via Internet I REFER to your article "SIAS wants more info from firms" (BT, July 7). I wish to propose that SIAS list the 10 best and 10 worst companies in the following categories: (a) Issue of timely112 words
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Article, Illustration278 2000-07-11 9 Anna Teo - I 3 on the economy reserves By Anna Teo SINGAPORE'S foreign reserves rose about 1.8 per cent in June from May, to $134.4 billion, latest preliminary figures from the Monetary Authority of Singapore (MAS) show. That's equivalent to more than seven monthsSource: MAS - 278 words
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Article, Illustration472 2000-07-11 9 Eugene Low - It is easing investment criteria and subletting restrictions for its industrial parks By Eugene Low TO encourage more incubators and startups to set up shop in its industrial parks, the Jurong Town Corporation (JTC) is relaxing its subletting restrictions and investment criteria.FILE PHOTO - 472 words
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459 2000-07-11 9 Bryan Lee - Much of the increase may be attributed to higher fuel costs By Bryan Lee HIGHER fuel costs have sent airfares in the Asia Pacific region surging in the AprilJune quarter, after staying flat for the previous two quarters, according to the latest459 words
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Article, Illustration477 2000-07-11 9 Serena Ng - Bank survey finds only 4% willing to forgo branch banking Reports by Serena Ng ONLY 4 per cent of Singaporeans are committed enough to online banking to forgo their bank branches, compared to 19 per cent in the US, because many remain attached477 words
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551 2000-07-11 9 Scheme aims to educate public on money management and asset allocation WANT some personalised financial advice but don't have the millions to hire a private banker and don't want to pay hefty fees to engage a financial planner? Standard Chartered Bank is willing to551 words
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186 2000-07-11 9 THE Land Transport Authority (LTA) yesterday named six vehicle scrapyard operators, breaking the monopoly of Nat Steel. From this Saturday, the following companies will start accepting vehicles for scrapping: Kim Hock Recycling, YLS Steel, Hup Lee Leong Hardware, Lim Asia Steel, King's Metal, and186 words
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Article, Illustration719 2000-07-11 9 Jaime Ee - Will euphoria last long enough to absorb the thousands of extra copies being rushed in? By Jaime Ee WITH copies of Harry Potter and the Goblet of Fire disappearing faster than the young wizard can say "Expellimus!", Singapore bookstores areGEORGE GASCON/ST - 719 words
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Page 8 Advertisements
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Advertisement312 2000-07-11 8 Business Process Outsourcing Seminar Date: 28th July, 2000 Time: 1400-1600 hr Venue: 2498 Victoria Street Bugis Village Singapore *****4 I Tel: 65-337 2838 Fax: 65-337 9778 P Email: onilink@ pacific.net.sg Web site: www.onilink.com -L. Hll a! t x,! Sii,* 1 1 The Accounting, Finance, Payroll Secretarial Process Why worry on312 words
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Advertisement67 2000-07-11 8 We welcome letters. E-mail us at btletter@sph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear in67 words
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FOCUS property
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Article, Illustration1012 2000-07-11 10 New Yorkers are caught in the grip of the worst housing shortage in decades, with soaring prices to match NYT AS it enters the new millennium with restored can-do bravado, New York has cut crime, welfare andNYT; FILE PHOTO - 1,012 words
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Page 10 Advertisements
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Advertisement321 2000-07-11 10 r Jones Lang w LaSalle. For Sale by Tender Large Bungalow Site (41,720 sf) Coronation Road West Charming Spanish style HUHEjfiL bungalow in a garden setting Located in prestigious Queen Elevated site, sprawling grounds r 11 Development potential fclfciL— TENDER CLOSES: 21st JULY 2000 FRI AT 4 PM For further321 words
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Advertisement406 2000-07-11 10 HUKHOSL IiUILI lALIOKV Built in: 54,692 sf II £9 Land area: 52,4975f Tenure: 60 yrs from 1981 Sale with vacant possesion For more details, kindly contact Joint Marketing Agents: Knight V* Tan Kok Eng Frank Property Consultants 228 6894 251 7387 PRIME INDUSTRIAL BUILDING FOR SALE BY TENDER Address 1406 words
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Advertisement218 2000-07-11 10 PRIME INDUSTRIAL BUILDING FOR SALE BY TENDER Address 2 Tai Seng Avenue Description A 7-storey purpo^huMl^^/^ corporate en Tenure JTC Leasee sAi/a's Land Area (95,326 sq ft) Gross F100r.4 sqm Area (23cjw7 sq ft) 1 2 July 2000 Xfy/ax 3.00 p.m. fwolQkyAnd tender document, please contact o,e Marketing Agent CB218 words
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Advertisement22 2000-07-11 10 The Straits Times CLASSIFIED Where buyers and sellers meet Find the right set of wheels. (CATS. Buy It. Sell It. Find K.22 words
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eNews
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459 2000-07-11 11 SAN JOSE, California Clients can get np to USSIOOm insurance coverage against hacker losses AP LLOYD'S of London will offer up to US$lOO million (Ssl73 million) in insurance coverage to clients of computer security management firm Counterpane Security Inc against hackerAP - 459 words
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306 2000-07-11 11 HONGKONG Bloomberg ÜBS Warburg discovered some disturbing news after making its entire 12,000-strong workforce take a three-hour test about the Internet: many of them failed. Everyone at the investment banking arm of ÜBS AG from interns to Markus Granziol, the bank's chairman took theBloomberg - 306 words
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232 2000-07-11 11 MELBOURNE HKT, meanwhile, strikes tie-np with Chunghwa Telecom Bloomberg Reuters PACIFIC Century CyberWorks Ltd, Asia's No 2 Internet company, said it will spend AS32 million (Ss33 million) to take a 5 per cent stake in Australian Internet security provider Secure Net Ltd. Hongkong-based CyberWorksBloomberg; Reuters - 232 words
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Article, Illustration279 2000-07-11 11 AFP [NEW DELHI] India's information technology services market will grow by 45 per cent per year over the next four years to explode to US$25 billion (5543.4 billion) by 2004, a US-based business technology adviser said. In a survey released here,AFP - 279 words
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219 2000-07-11 11 SEOUL Bloomberg SOUTH Korea's high-speed Internet users surged 40 per cent in the first three weeks of June as more people signed up for links provided by Korea Telecom Corp, Hanaro Telecom and rival companies. The Ministry of Information andBloomberg - 219 words
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Page 11 Advertisements
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Advertisement253 2000-07-11 11 pentium*/// II I I li k II 5 I! j it I |I I C li f| A A t X The new ThinkPad T2O and ThinkPad A2O let you work in the dark. business tools Introducing the new line of ThinkPads from IBM. For those in the dark, it's253 words
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EDITORIAL & opinion
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Article, Illustration735 2000-07-11 12 paul krugman - SiTTl bottom line OPINION paul krugman The writer is a professor of economics at MIT NYT IT has always been hard to have a rational discussion about the stock market: Hope and fear, greed and envy get in the way. And it'sNYT - 735 words
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Article116 2000-07-11 12 'We do our bad taste in good taste.' -BobWeinstem of Miramax Films, on the trend towards vulgar, borderline-tasteless comedy in movies. 'Well, being a prime minister can be a tough job, but I always think being a parent is probably tougher.' -Tony Blair British prime minister, on116 words
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554 2000-07-11 12 EDITORIAL POR firms and investors battered by the recent meltdown of technology stocks, it's eerily like the aftermath of an earthquake. Even as the smoke settles over the rubble, people in the affected areas are wondering if there's worse to come. But step back from554 words
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Article, Illustration1109 2000-07-11 12 Gobee Ramanujalu - Large organisations creating e-business Web sites act as a stimulus for global growth By Gobee Ramanujalu Gobee Ramanujalu is deputy head of Singapore affairs, Association of Chartered Certified Accountants This is thefirst of a two-part article. The second part, on the conclusions that canFILE PHOTO - 1,109 words
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Article, Illustration755 2000-07-11 12 Fault lines In France EVERYTHING seems to be going France's way. The French have reason to feel pleased with themselves for their Euro 2000 triumph, having already walked off with the World Cup. And that is not all. The economy is booming. The United Nations has755 words
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MALAYSIA news
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Article, Illustration668 2000-07-11 13 KUALA LUMPUR Even though he believes it would be risky to do so BUSINESSMAN Soh Chee Wen, who is wanted by the Securities Commission, said he would return to Malaysia "as soon as possible to face whatever I have to face", theFILE PHOTO - 668 words
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MARKET moves
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Article100 2000-07-11 13 THE Malaysian market surged despite the release of the second weekly batch of Clob shares yesterday. Volume more than doubled to over 200 million shares worth RM616.2 million (*****.7 million) against last week's daily average of less than 100 million shares. The market barometer jumped 17.12 points100 words
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Article108 2000-07-11 13 INVESTORS had Renong Bhd shares in their sights, pushing them up by 32 sen to RM2.12, when associate Time Engineering was suspended from trading yesterday, pending details of its tie-up with Khazanah Nasional. The share price of Time Engineering is also expected to rise today on the back108 words
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Article73 2000-07-11 13 Eddie Toh - Compiled by Eddie Toh COUNTERS in the Lion group improved yesterday following the unveiling of its complex debt restructure plan last week. Lion Corporation rose 14 sen to RM2.53, Amsteel gained 4.5 sen to 58.5 sen, while Lion Land chalked up 13 sen to 94 sen. Posim inched73 words
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728 2000-07-11 13 Diana Oon Abdullah - National investment company pays RM2.2b, deal yields RM562m in earnings for Time From Diana Oon Abdullah in Kuala Lumpur TIME Engineering yesterday announced that it has sold 30 per cent of its telco subsidiary Time dot Com to national investment company Khazanah728 words
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Page 13 Advertisements
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Advertisement112 2000-07-11 13 The official delivery company of the 2000 Olympic Games. 11^ ..<r V Hi itfTBfTM >ka iK^TßE^^^iflH^^Hiii^SSflßKMMM «H3BBtei[is3lg2Bß!^B^^^^^^ißKHl^^BWi^BhMiiMßHSljMßH^^Sr^^^BB Long Distance Runner The 2000 Olympic Games will involve 10,200 athletes in 28 sports, 5,100 officials and 15,000 media people. To do their jobs while they're there, they'll need things like track shoes,112 words
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REGIONAL news
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Article, Illustration380 2000-07-11 14 HONGKONG Receding rate fears help Hang Seng rise 2.4% to highest level since March 31 Reuters Bloomberg HONGKONG property stocks soared yesterday following strong sales of private housing units over the weekend and receding fears of interest rate hikes. The Hang SengReuters; Bloomberg; AP; Source: Bloomberg - 380 words
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412 2000-07-11 14 JAKARTA More than of creditors have approved the outline proposal Bloomberg CREDITORS of PT Bakrie and Brothers, one of Indonesia's biggest non-ethnic-Chi-nese business groups, are set to approve a plan to restructure US$l.O6 billion (Ssl.B billion) of debt before the end ofBloomberg - 412 words
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385 2000-07-11 14 BEIJING A new study says it is mostly done by state companies FT ILLEGAL capital flight from China may be double the amount many economists have estimated. And state companies are the main perpetrators, according to a new study. It estimatesFT - 385 words
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Article, Illustration478 2000-07-11 14 JAKARTA Bloomberg Reuters AFX-Asia INDONESIA'S attorney-gen-eral's office yesterday said it would detain central bank governor Sjahril Sabirin for an additional 40 days to complete an investigation into alleged corruption. Mr Sjahril was detained on June 21 in connection withBloomberg; Reuters; AFX-Asia; FILE PHOTO - 478 words
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NOTE Book
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69 2000-07-11 14 Reuters [HONGKONG] Henderson Cyber Ltd's HK5937.5 million (*****.9 million) initial public offering was just fully subscribed, sources said yesterday. The IPO was priced over the weekend at HKsl .25, the lower end of its HK$l.2O-1.40 indicative range. Bankers close to the company said the institutionalReuters - 69 words
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50 2000-07-11 14 AFX-Asia [JAKARTA] Indonesian Finance Minister Bambang Sudibyo said the government is preparing at least 66 decrees in its efforts to implement fiscal decentralisation. He said the government is planning to implement fiscal decentralisation as of January 2001, instead of May 2001 as planned earlier. AFX-AsiaAFX-Asia - 50 words
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110 2000-07-11 14 AFX-Asia [JAKARTA] Former Bank Bali owner Rudy Ramli is willing to sign a settlement with the government provided an independent notary is brought into the negotiation process, The Observer reported. He was quoted as saying that in the absence of an independent notary hisAFX-Asia - 110 words
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61 2000-07-11 14 Bloomberg [BEIJING] China's industrial output grew in June at its fastest pace in more than three years, helped by surging demand at home and abroad. Production rose 12.2 per cent in June from a year earlier, the National Statistics Bureau said. In theBloomberg - 61 words
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71 2000-07-11 14 Reuters [BANGKOK] The Petroleum Authority of Thailand is in talks with Malaysia's Petroliam Nasional (Petronas) on a 10 billion baht (***** million) gas separation joint venture plant in Myanmar, Prasert Bunsumpan, president of PTT's gas unit, said yesterday. He said the plant wouldReuters - 71 words
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66 2000-07-11 14 Bloomberg [MANILA] Bank of the Philippine Islands, the country's biggest lender by market value, denied a newspaper report it plans to sell the thrift-banking licence it received when it acquired rival Far East Bank Trust Co. "We are not pursuing the sale ofBloomberg - 66 words
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142 2000-07-11 14 JAKARTA Reuters INDONESIA'S central bank has dismissed five employees suspected of involvement in counterfeiting rupiah currency notes. Bank Indonesia yesterday said the five staff from its office in Bandung, West Java, were fired last week after the discovery of fakeReuters - 142 words
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436 2000-07-11 15 TAIPEI Bat KMT spokesman says party has not sold shares since inangnration of President Chen Bloomberg AFX-Asia TAIWAN'S Securities and Futures Commission (SFC) will take steps to "handle" recent stock selling by the former ruling Kuomintang (KMT) party, amid fear the sales couldBloomberg; AFX-Asia - 436 words
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248 2000-07-11 15 HONGKONG 800 member panel will pick six lawmakers in Sept Reuters HONGKONG'S wealthiest man Li Ka-shing anl his two sons were among those named to an 800-member committee that will pick six lawmakers in September's election and is widely expected to chooseReuters - 248 words
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Article, Illustration458 2000-07-11 15 Bloomberg [BOMBAY] India's Bombay Stock Exchange, which celebrated its 125 th anniversary on Sunday, has its sights set on getting large US companies such as International Business Machines Corp to trade in the country. Asia's oldest stock exchange plans to tie up withBloomberg; AFP - 458 words
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Page 14 Advertisements
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Advertisement156 2000-07-11 14 NEW CUISINE Come end July, Grand City Chinese Restaurant will move to Raffles City Shopping Centre (#O2-19). Be thrilled by a whole ffw new exciting dining experience made popular by our famous Cantonese cuisine prepared by our famous Hong Kong chefs, amidst the ■lii Jiitls renowned ambience, flair and glamour.156 words
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Page 15 Advertisements
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Advertisement62 2000-07-11 15 HARBOUR VIEW GRAND COPTHORNE SERVICED OFFICE SERVICED OFFICE 44 units 25 units In the heart of the CBD Ideally located close to the CBD Complimentary usage of meeting rooms* Brand new offices with 'conditions apply tasteful furnishing Tel (65) 324 9235/ Tel (65) 233 1888/ *****77 233 1801 Level 8,62 words
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Advertisement966 2000-07-11 15 POKKArp Pokka Corporation (Singapore) Limited NOTICE IS HEREBY GIVEN that the Annual General Meeting of POKKA CORPORATION (SINGAPORE) LIMITED ("the Company") will be held at 39 Quality Road, Singapore *****0 on 27 July 2000 at 10.00 a.m. for the following purposes: AS ORDINARY BUSINESS 1. To receive and adopt the966 words
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WORLD news
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WORLD Watch
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135 2000-07-11 16 Bloomberg [LONDON] Granada Media, producer of television shows such as Prime Suspect and Coronation Street, probably will be priced low enough in its initial share sale to raise its targeted £1.5 billion (553.9 billion), analysts said. Granada Group Pic last month said itBloomberg - 135 words
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102 2000-07-11 16 FT (LONDON] Shareholders of the London Stock Exchange and Deutsche Borse are to be told that their merger will cost them 120 million euro (Ssl9B million) potentially 5 per cent of the value of the deal although they will not enjoy any savings untilFT - 102 words
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119 2000-07-11 16 Reuters [JERUSALEM] Israeli President Ezer Weizman was to resign yesterday, ending a career that spanned more than half a century beginning as a fighter pilot and ending under a cloud of controversy. Shimon Peres, a Nobel Peace Prize laureate and former prime minister, is thought toReuters - 119 words
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80 2000-07-11 16 AFP [LONDON] British electronic share exchange Tradepoint Financial Networks and the SWX Swiss Exchange yesterday raised the stakes in the race to lead pan-European trading with plans to create a blue chip exchange named virt-x. Tradepoint expects the merger to be completed, subject to regulatoryAFP - 80 words
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Article117 2000-07-11 16 AFP [FRANKFURT] Deutsche Telekom plans to buy Walt Disney Co's 25-per-cent stake in the German-language search engine Webseek.de, the Wall Street Journal Europe reported yesterday. Quoting sources close to the German telecommunications giant, the newspaper said that Deutsche Telekom and Disney could reach a dealAFP - 117 words
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663 2000-07-11 16 SAN JOSE, California Deal is largest technology acquisition ever, dwarfing Lucent's purchase of Ascend for USs2sb last year Bloomberg JDS Uniphase Corp. the No 1 maker of fi-bre-optic components, has agreed to buy SDL Inc for US$4l billion (5571.2 billion) in the largestBloomberg - 663 words
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Article, Illustration777 2000-07-11 16 Sampras writes history with his racket a record 13th Slam LAT [WIMBLEDON, England] He was serving quickly and powerfully as it got darker and darker, trying to finish his match before some adults stepped in and told him to come back on Monday. It was just like kids on anyLAT; AFP - 777 words
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230 2000-07-11 16 BASEL, Switzerland Bank for England governor Eddie George sees 'suggestions of deceleration' Reuters THE US economy is starting to show signs of slowing, Bank of England governor Eddie George said yesterday. Mr George said that in briefings at the Bank for International Settlements yesterday,Reuters - 230 words
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391 2000-07-11 16 FRANKFURT Bloomberg DRESDNER Bank AG and Commerzbank AG said they are considering a plan to form a holding company and then create separate units to combine their retail banking, investment banking and fund-management businesses. Such a transaction would enable some of the banks' biggestBloomberg - 391 words
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321 2000-07-11 16 TOKYO Reuters JAPANESE Prime Minister Yoshiro Mori instructed his government to review a nearly billion dollar bailout of a department store chain as criticism about the original plan raged unabated, Kyodo news agency said yesterday. Financial authorities agreed last monthReuters - 321 words
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659 2000-07-11 17 TOKYO Sales part of company's revival plan to cut component costs by 20% Bloomberg NISSAN Motor Co, Japan's third-big-gest carmaker said it is in talks to sell as many as 20 of its main industrial affiliates, a dayBloomberg - 659 words
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241 2000-07-11 17 LONDON Reuters BRITISH pay-television operator British Sky Broadcasting Group pic is in talks to take full control of its partowned interactive television service Open, said The Sunday Telegraph newspaper. The British newspaper said the deal could value Open at more thanReuters - 241 words
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Article, Illustration269 2000-07-11 17 SEOUL Bloomberg THE Korean government, caught between its commitment to banking reform and union determination to protect jobs, threatened to punish bank workers if they walked off the job today in a strike that could cripple about three-quarters of the nation's 20 banks.Bloomberg; AP - 269 words
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348 2000-07-11 17 SAN FRANCISCO Soaring demand could drive spending to USsBob next year FT THE world semiconductor industry has embarked on an unprecedented US$6O billion (*****.8 billion) spending spree on plant and production equipment as chipmakers race to catch up with soaring demand and switchFT - 348 words
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Page 16 Advertisements
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Advertisement959 2000-07-11 16 HO-SHIN INDUSTRIES (PTE) LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap.so that the Final Meeting of Members of the abovenamed Company will be held at 10 Collyer Quay #19-08, Ocean Building, Singapore *****5 on Tuesday, 11 August 2000 at 10.00 am959 words
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Page 17 Advertisements
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Advertisement93 2000-07-11 17 C www.hyundal-molor.com) I i 1 2002 nnvotucw I^REAjMWM The People's People Carrier The new Hyundai Trajet ■BH W SSmSB^ —^■fl-9 i «*u r ssMV Hyundai proudly presents the perfect MPV for the whole family. Hyundai's strive for excellence is shown by its spacious interior as well as its added safety93 words
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FINANCE & commodities
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336 2000-07-11 18 Chan Yet San - SGX Derivatives Tradingßeports ST Index/MSCI Store Index Chan Yet San THE Singapore stock market ended mixed yesterday as the government's forecast of sec-ond-quarter GDP was higher than expected. The Straits Times Index gained 5.48 points or 0.3 per cent to close at 2,098.11 points.336 words
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284 2000-07-11 18 Chan Yet San - MS& Taiwan Index Chan Yet San THE Taiwan stock market ended mixed yesterday, as investor sentiment remained bearish. The MSCI Taiwan Index gained just 0.24 point or 0.1 per cent to close at 362.78 points. The volume within the index was average, at 602.6 million284 words
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121 2000-07-11 18 ENERGY REPORT Reuters [LONDON] Oil prices eased yesterday after comments over the weekend by Opec secretary general Rilwanu Lukman suggesting the cartel is warming to a Saudi plan for an increase in crude supplies. London Brent crude trad- Ed down 16 centsReuters - 121 words
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Article322 2000-07-11 18 Reuters London THE yen held most of its gains against the US dollar and the euro yesterday after comments by Bank of Japan governor Masaru Hayami suggested Japan's 17-month old policy of near-zero interest rates may soon end. Mr Hayami said conditions were right for the central bankReuters - 322 words
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Article, Illustration1332 2000-07-11 18 DtTERBAMK CROSS RATES 7 H gmb l Ffr 0n "»«"Piah Y»n Won BM NZ$ Pafc Bs Ptso SS Band Sfr HT$ BUt Pwmd US$ CM* 1136 88 5 604 0 709 ,'S iff! 5S2S a™ t 64 2259 1282 ********** 1 033 4 069 0.965 18.340 23.676 0.392 0.595 c1,332 words
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Article1895 2000-07-11 18 SICOM FUTURES Julio RUBBER (futures closing at 130pm) RSS1 CONTRACT (S centiAq) CtOM Volume Opto Month Htqh low Sett (toaim) Merest Aug 00 112.00 Sep 00 116.75 400 Oct 00 118.00 Ho* 00 ra.75 RSS 3 CONTRACT (US cants/kg) Vofumt Open Mwt* Hjjjfc Low Sett (tonww) Interest Aug 00 64.251,895 words
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STOCKS east asia
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Article, Illustration2816 2000-07-11 19 HOMGKONG AFP FlHtngSeag +408J1 SHARE prices in Hongkong closed 2.4 per cent higher yesterday after strong gains in property stocks, which were boosted by positive sales of units at several residential projects over the weekend, dealers said. The key Hang Seng IndexAFP - 2,816 words
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2010 2000-07-11 19 TOKYO AFP QNikfai22s +174.44 SHARE prices in Tokyo closed one per cent higher yesterday after a rally on the US Nasdaq Composite Index triggered buying in technology issues, brokers said. The Tokyo Stock Exchange's key Nikkei-225 Index rose 174.44 points to close at 17,572.68.AFP - 2,010 words
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Article, Illustration962 2000-07-11 19 Xinhua Reuters Q<3w>»wKapß Index -OJS CHINA'S hard currency B stocks closed mixed in light trade yesterday as investors showed interest in B share firms planning to offer domestic A shares. The Shanghai B Share Index inched up 0.5 per cent, or 0.25 of a point, to 55.11 on sharplyXinhua; Reuters; Source: Credit Lyonnais Securities (Asia) Ltd - 962 words
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Article363 2000-07-11 19 AFP □WP Index -18.41 TAIWAN share prices finished 0.2 per cent lower yesterday as investors were sidelined amid cautious economic sentiment, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 18.41 points to 8,154.67. The market opened flat and continued to lose momentum through the first two hoursAFP - 363 words
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Page 19 Advertisements
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Advertisement15 2000-07-11 19 fFits the job to a tee. Will blossom in the post. Find the right candidate.15 words
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STOCKS klse
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Article, Illustration418 2000-07-11 20 AFP Q Composite Index +17 J2 MALAYSIAN shares closed sharply higher yesterday on institutional buying of blue chips, supported by firmer regional markets amid Wall Street's rise last Friday, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended up 17.12 points at 837.59.AFP - 418 words
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Article8822 2000-07-11 20 —i mm COftSMMT prefects MOO Last Vel Day Net Cap L— fiium 51a •OOP Lew P/l 420 310 Ajlnomoto 356 2 2 356 356 19.5 144J 158 62 Angkasa 78 7 60 80 71 05 0 670 290 Apollo Food Haj 462 2 I 462 462 10 0 184.8 33508,822 words
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Page 20 Advertisements
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SGX clob & regional stocks
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Article2694 2000-07-11 21 BONDS WARRANTS mw «t Wnrts [i0n lm! Val Orj Ulliiti Inai Cam Urn Mk Mk> N#Uo J Jait rooo, M# Lot h<" MM <*> s 1 57.5 16.5 Acma W*****4 »5 J0.5 66 20 19 19.5 20 20 41.0 1 300 MM W0 J2 3 zli s J« -0 52,694 words
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Article304 2000-07-11 21 AFP F1 Composite Index +9.73 THE Korea Stock Exchange Composite Index closed up 9.73 points at 851.47. Volume stood at 527 million shares worth 4.1 trillion won.—AFP MM *h AnamSami 13*90 -200 Brain Tach 1035 T5 Cantral Bank 1215 65 ClwHComm *****0 4500 Daa Gu Bank 2460 60 DaaianqCorpAFP - 304 words
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Article261 2000-07-11 21 AFP n Composite Index +6J7 PHILIPPINE shares ended 0.4 per cent higher yesterday on a technical rebound, analysts said. The Composite Index rose 6.97 points to 1,557.57. Volume fell slightly to 1.3 billion shares worth 766.2 million pesos from 1.4 billion shares worth 882 million pesos on Friday.—AFP JulAFP - 261 words
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Article279 2000-07-11 21 AFP QHBE-40 +45J0 NEW Zealand stocks closed up 2 per cent yesterday as Telecom and Fletcher Challenge Energy bounced back to levels not seen since early April, dealers said. The benchmark NZSE-40 Capital Index closed up 45.10 points at 2,113.01 on turnover of NZ5130.71 million. —AFP M» COOO) AdvantaqaAFP - 279 words
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Article561 2000-07-11 21 AFP F1 AH Primaries *BJ AUSTRALIAN shares surged 0.6 per cent to a record high yesterday with the Australian Stock Exchange's key indicator, the All Ordinaries Index, up 18.9 points at 3,279.9 while the SP/ASX2OO climbed 18.5 points to 3,323.8. The All Industrials closed up 43.0 points to 5,756.1AFP - 561 words
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Article, Illustration768 2000-07-11 21 AFP +3.75 THAI share prices rose 1.2 per cent yesterday as the banking sector rallied amid expectations earnings would improve, dealers said. The Stock Exchange of Thailand (SET) Index closed up 3.75 points to 326.62. Volume totalled 2 million lots worth 2.5 billion baht. However, investors remained cautious overAFP - 768 words
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Article, Illustration690 2000-07-11 21 AFP Composite Index +&36 INDONESIAN share prices closed only slightly higher yesterday as investors remained sidelined due to concern over political developments and the weak rupiah, dealers said. Cigarette maker HM Sampoerna became the market focus after the company released stronger second quarter cigarette sales data, an analyst said.AFP - 690 words
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Page 21 Advertisements
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Advertisement10 2000-07-11 21 Communication Tools Just imagine life without them. Buyh sdih Fwit10 words
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Article9821 2000-07-11 22 SGX MAZNBOARD Transaction date: Jul 10 Cr Cr M Wt 52-Wk Last Vol D«y Last Ouota Olv Olv YM Nat Cap A*? Mlfli Law Clip any Sala COOP) High Law jg SaWar CV ?/I >j| Prtca MULTI-INDUSTRY 163 101 m c Acma 50« 119 id -I 77 1219,821 words
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Page 22 Advertisements
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Advertisement111 2000-07-11 22 With the share trade settlement period reduced, you can still Citibank Equity Investment Account your stocks even after the 3-day settlement period. And in addition to our Why let a shorter trade settlement period reduce your trading opportunities competitive financing, you'll also be earning daily interest on your cash balance111 words
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Page 23 Advertisements
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Advertisement362 2000-07-11 23 Where to wine, dine and entertains <>>&&& ag3W»?ss Roti prata, sashimi, torn yam prawns, drunken chicken or New Zealand Outlands roast sirloin beef. You'll also stand a chance to win two air tickets and hotel stay to New Zealand. Japanese Buffet Lunch $23.90 (Adult), 40% discount (Child) Euro-Asian Buffet Dinner362 words
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Advertisement60 2000-07-11 23 I I GE f fCi-I AT GREAT HEIGHTS I Create your own set lunch of Continental cuisine uith strong trench Italian influences. Mondays to Fridays 100 noon to 2.30pm (last order) (fp Price: $32+++ le«ol«i*c i Reservations: *****58/88 I9lk lloor S Mandarin AhOT -v am liAlnii IU On hjfrf Raid.60 words
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Page 23 Miscellaneous
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Miscellaneous976 2000-07-11 23 The business Times. Tuesaay, July 1l, 5.30 Music Walk. 2.00 Wonders In China. 11.00 The World Tonight. 6.00 Wheel Of Fortune. 3.00 Fun Discovery. 1130 I Watch on Health. 9.00 AM Kids Central: 630 Judge Judy. 415 Because You Love Me. 12.00 MN Headlines. Blue's Clues. 7.00 Touched By An976 words
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Miscellaneous267 2000-07-11 23 CRYPTIC CROSSWORD ACROSS 5 Sweltering run in current envi1 Crapulence of disorderly ronment (8) noisy tribe (10) 7 Lists of inlays, we hear? (3-7) 6 Smart cheerleaders leading 8 Neglected girl, re-called in Olympic finalists (4) make-over (10) 9 Iris named in Lawrence's nov- 11 Extra lithe and unbalanced el?267 words
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KNOWLEDGE economy
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1313 2000-07-11 24 PATRICK LAMBE - The digital divide between Old and New Economy workers goes well beyond the ability to tap technology, says PATRICK LAMBE PATRICK LAMBE THERE is no single digital divide. The digital divide is not simply a matter of the gap between technology haves and have-nots. Behind1,313 words
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Article, Illustration912 2000-07-11 24 Anna Teo - By Anna Teo A BUSINESS development manager at the British Council by day, a Webmaster by night, and he's even managed to squeeze in a TV debut on one of Singapore's most popular local sitcoms. Regular readers of this page wouldFILE PHOTO - 912 words
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Page 24 Advertisements
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Advertisement106 2000-07-11 24 (m) (S) (§3) STATE OF TKE MARKET NIGHT OWL BROKER DIRECT IPO WATCH STREET BUZZ BREAKOUT ECONOMIC FLASH www.asiaxis.com provides objective, unbiased and insightful financial news and information. We aim to deliver greater depth and insight to the avid investor. Our intuitive financial tools are designed to empower and enhance106 words
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SHIPPING TIMES
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Article268 2000-07-11 25 Reuters THE Baltic Dry Index (BDI) shed two points to 1,601, the Baltic Panamax Index slipped four points to 1,587, the Baltic Handy Index gained one point to 1,106 and the Baltic Capesize Index fell five points to 2,119. TDIE-CBARTERi ♦Obelix—(built 1962) 194,000 dwt delivery Qingdao August 1/10Reuters - 268 words
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Article268 2000-07-11 25 MM It CWT Distribution —OJtO -0.02 >40 Oman Hup 0J9 -0.01 3560 Cosco Invastmant—0-20 -0.01 179 FreMlt Links 0.24 0.01 244 (MHaMngs 0.62 unc* SAO t*«Ch .4°0« a04 1703 J(appal Ft LS U06 0.03 274 Kappal Marin* 1.47 -0.02 236 KappalTa* 2.15 -0.05 M Lobroy Marina 034 0.01268 words
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Article, Illustration392 2000-07-11 25 Ann Toh - marine2l in talks with various shippers'bodies, including SNSC Rerxrrts bu Ann Toh [SINGAPORE] A locallyfounded online shipping portal, to be launched in October, is giving its customers stock options to encourage ownership of the site and to finetune its products and services.392 words
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Article, Illustration54 2000-07-11 25 [ROSTOCK] A tugboat pulls the cruise ship Millennium, built in France and running under Liberianflag, into the harbour of Rostock, northern Germany, after it had to abandon its maiden voyage from Oslo, Norway, to Helsinki, Finland, due to technical problems. The cruiser has I,B76passengers and 1,143AP - 54 words
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PORT Shots
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112 2000-07-11 25 [LONDON] The container terminal of Hakata in Fukuoka port is aiming to expand its capacity in order to double throughput to 1 million TEUs (20-ft equivalent units) within five years. Three new berths will be added at the Japanese port, which also plans112 words
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54 2000-07-11 25 [LONDON] Search operations for the missing reefer vessel Linkuva, which reported that it had lost main engine power in hurricane Carlotta off the Mexican coast, have now been suspended. Lifeboats, apparently torn from their davits, have been found, but nothing further of the ship54 words
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307 2000-07-11 25 [SINGAPORE] New Yorkbased online shipping exchange GoCargo.com is looking to establish a presence in Singapore to better serve customers here and in Asia, its founder and chief executive officer Eyal Goldwerger said yesterday. The Web-based marketplace, which started business last July, allows shippers307 words
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173 2000-07-11 25 [LONDON] The Marshall.ls lands shipping register is to continue to offer cost-free reg istration to all vessels until the end of the year. Ships flagged on the islands by that time will be exempt from paying annual tonnage tax until January next year, based173 words
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285 2000-07-11 25 Reuters [HONGKONG] Despite having the world's largest and most advanced air cargo facilities and one of the busiest container ports, Hongkong lags behind Singapore in providing sophisticated third party logistics (3PL) services, a study says. The study, "Economic Impacts of Logistics Centre DevelopmentReuters - 285 words
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SHIPPING news
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Article, Illustration424 2000-07-11 26 P T Bangsberg - Some calls added to, others dropped from three of five loops From P T Bangsberg m Manila THE Grand Alliance of five shipping lines is revamping its Asia-Europe service beginning this month, adding some calls and dropping others. Five loops are operated by the group,FILE PHOTO - 424 words
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PORT Shots
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Article81 2000-07-11 26 SEVERAL liner conferences have announced Increases in their Bunker Adjustment Factors in the wake of rising fuel costs. The Europe Mediterranean Trade Agreement, Jeddah Services Group, Europe Middle East Rate Agreement, Asian Rate Agreement and the India Pakistan Bangladesh Ceylon Conference have all announced rises between US$2581 words
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Article119 2000-07-11 26 EUROPE could once again have a shipbreaking facility if plans to redevelop the BM Titan shipyard in Antwerp, Belgium, go ahead. A consortium of Dutch firms is looking to turn the site into a high-tech ship recycling centre with the aid of EU funding. The119 words
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Article89 2000-07-11 26 THE 106,116-dwt oil/bulk/ore carrier Cerda, which had been reported told for scrap earlier in the year, has been detained at the UK port of Milfbrd Haven with 26 hardware deficiencies and three ISM-related daflciendea. As well as "poor maintenance of the ship and its equipment", the89 words
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Article70 2000-07-11 26 NORTH Korea topped the list erf registers of ships detained by porta in the Tokyo MOU on Port State Control in 1909. The flag saw 32 detentions, 39 per cent of its ships visiting MOU ports, followed by Cambodia with 36 per cent and Belize70 words
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Article94 2000-07-11 26 THE Finnish government has decided to replace its existing shipping register fees system with a tonnage tax in a bid to stop the flagging out of ships currently registered in the Baltic state. However, details are still to be finalised and passenger ships including ferries will94 words
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Article42 2000-07-11 26 US-BASED Renaissance Cruises has parted with its chairman, CEO and founder Ed Rudner, apparently due to his preference for direct bookings rather than travel agencies. The company's board has replaced him with co-chairmen Frank Del Rio and Richard Kirby.42 words
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Article206 2000-07-11 26 PACE Djaklioyd 8 Act 6 Oongnama 3 AMI 3 6 ft Accord 8 Ea 4 Appenstap 5 ECUime 6 Assets 8 Ewgreen 6 Austral 8 FoongSun 8 BaUji Shpg 5 C Link 4 BSA 7 Gemartrans 6 8 tang Mas 8 Hangli 7 CCM 7 3 cm206 words
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Article17009 2000-07-11 33 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number n/07 it/oe cosco humber bridge jojow 65 *****00 To ABIDJAN (ABJ) 2003 Cote D'lvoire To BRISBANE (BNE) 2058 Australia 20/07 02/0917,009 words
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SHIPS IN PORT
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Article741 2000-07-11 37 Vts»rt Voy Mo Brtti Arrival Dtcrtwt Socol 1 *2001 JW 4 *5 W01fr.« 12/07/830 Mm 2013 J22 8/07/7:45 13/07/23:59 M SMM 2 ***** J01 NV07/M0 10/07/2015 ZlM* 73 81 JOS 0/07/WO 10/07/2339 Vlnitar I 64SOO J03 10/07/720 n/07/630 SiyKMtarlU *089 J02 10/07/8:20 10/07/1600 Tro0CJ(32 06/00 J* 10/07/8:45 10/07/1700741 words
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Article1542 2000-07-11 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Mulct Rstls Ship Voy Wo Ett/Btr Nrtoi Frw To Frew APHOCLUI I VMM M OVBM OVMM >HI a ovuoo WA*« c/roc 0»/TTO0 10,0* W CTOC j xvoroc w.tm c-wc 4 xwoo n/Mst N/WW AdUlAC OMA B/kN OVBOO MAM if* U1,542 words
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Article172 2000-07-11 37 MM France: Bastille Day. MIB Brunei: HM The Sultan's Birthday. Ah IT Thailand: Buddhist Lent Day. MM Japan: Marine Day. Singapore: National Day. A^U Thailand: HM The Queen's Birthday. Aag 13 Germany: Assumption Day. Korea: Liberation Day. Indonesia: Independence Day. M|ir illipptnes: National Heroes Day. Untied Kingdom: Summer172 words
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Article763 2000-07-11 37 THIS report. compiled by Cockett Marine Oil Ltd, (hows price range* In US dollar* instead of (Ingle price* for a more comprehensive description of the market Price* shown are baaed on average•tzed stem Market movements are Indicated. The Cockett Bunker Price Index change and the Individual763 words
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Article364 2000-07-11 37 CartM 180 Ma 990 J 0.S N.9 0.08 71 0.04 M 6 Comity «Mw NsWm Ask AIiwIiIib iifciH Mm E» 0 0 3 0 0 0 1 TT=- 380 AM 986J 0.2 ao 0.06 47 0.02 380 Met 993.9 0.5 *2 0.09 99 0.05 a/n %tn364 words
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AIR & LAND transport
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Article, Illustration412 2000-07-11 38 But parent SAir Group will have balanced result: rhairm*H AFP [ZURICH] Swissair will be operating at a loss after the first six months of the year, SAir Group chairman Philippe Bruggisser announced in an interview with the Sunday paper Blick am Sonntag. "ItAFP - 412 words
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198 2000-07-11 38 Bloomberg [TOKYO] Japan's Mega-Float Consortium, which operates the world's largest man-made floating island, said it will study whether a floating facility could be built in Tokyo Bay to give the city its third major airport. The Mega-Float Consortium, which includes Japan's major shipbuilders,Bloomberg - 198 words
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Article197 2000-07-11 38 Bloomberg [LONDON] BAA pic, the world's largest airport operator, said its UK passenger traffic last month rose 4.7 per cent from June 1999, helped by increases in low-fare flights within Europe and North Atlantic long-haul flights. The number of passengers moving through the company'sBloomberg - 197 words
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Article, Illustration51 2000-07-11 38 [T AO YUAN] Staff members of Taiwan's EVA Airways familiarise themselves with the second terminal of Taipei's Chiang Kai-shek International Airport, which is scheduled to be inaugurated on July 28. The new terminal is designed to have a capacity of 14 million passengers a year.AFP - 51 words
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389 2000-07-11 38 AFP [CAIRO] A Libyan Arab Airlines (LAA) Airbus 320 flew into Cairo airport in the early hours of Saturday morning, ending the airline's eightyear absence from Egypt caused by the international air embargo against Libya. The arrival of the plane,AFP - 389 words
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Article, Illustration331 2000-07-11 38 AUSTRALIA'S PgOOOMT CABBTHBB Carrier will be profitable by then: Branson Bloomberg [SYDNEY] Virgin Blue, a new Australian cut-price airline, will sell shares when it becomes profitable in about three years, said its owner Richard Branson. Earlier yesterday, Impulse Airlines, another new discountBloomberg; REUTERS - 331 words
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324 2000-07-11 38 Lew-fere airline aim* to expand fleet, add new rentes Bloomberg [SYDNEY] Impulse Airlines said it will accept an investment of As2o million (5520.38 million) in convertible notes from an Australian institutional investor, as the closely held discount carrier prepares to fly new routes. NoBloomberg - 324 words
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Article1614 2000-07-11 38 CITY fUCMT ETA FUOHT CTO N2457I IMS IH779 2305 iUjjjj —cf20t 0700 »?oo7 *05 u«79 z*» MMi M730I TOO IA7302 2055" 22 <** 2055 S***** 5 Soil 2$ LH6300 2230 Fataafca SOW TOO ***** OTO S0229 2230 S0003 WO CZ352 09» MaMM■ M23 0M5 KL0044 00401,614 words
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Page 25 Advertisements
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Advertisement448 2000-07-11 25 Grand Alliance revamps Alia Curopa routes aPg2 Swissair expects red ink for first haif MBackpg Tokyo Bay being studied for floating airport mßackpg From Aug 1,2000, Satmartne M Container Urns will be represent- JL .Jjf ed in the Far East by an own- 1 j w Jhh agency network. The448 words
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Page 26 Advertisements
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Advertisement775 2000-07-11 26 NORTH AMERICA gSM g QULF/INDIA SUB-CONTINENT ISUPER SHUTTLE EXPMSSfBttQ lOULF KARACHI EXPRESS (QIOQ VESSEL VOT lot Si miJK VKSa VOV DMN OAH KWT MA WD 0— (PKUNG pT OOdWWYOM 05W523 14/06 02/07 04/07 NTKVMO SSI 13/0* 23/00 2J/0* 27/00 20/14 03/07 07/17 00/07 00a JAPAN 42W524 21/00 00/07 11/07 KO775 words
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Advertisement695 2000-07-11 26 lines services represented by Members of ibe Registry of Members of ibe Accredited Shaping Agents, Sin 9 Q P or Logistics Singapore Shipping Association Association g ULY UNI MALI Ivissa voy ["n* ["15 iu P. K LANG STOKE MALE Empress Lily VO6OO 1 6/07 18/07 25/07 Princess Lily VO5OO 28/07695 words
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Advertisement1031 2000-07-11 27 SAX SERVICE (DIRECT) vtssa voy giro uxompolhouo* cot mm mi ntc tr.ua 021E 05/B7 20/87 25/07 25/07 25/07 25/07 25/07 25/07 24/07 26/07 tfiauwn 0211 12/07 27/07 01/OI 01/0» 01/0» 0)/0» 01/0« 01/00 02/00 02/00 tfisrva 021E 19/07 03/00 00/00 00/00 00/00 00/00 01/00 00/00 09/00 09/00 tfiiunuoH OCT 207®1,031 words
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Advertisement1938 2000-07-11 27 ®HANJIN SHIPPING likFl iibMralw -Mr *****31 HANJM SHtPWNO (S) WW fc—i tw tOOOWC *****3S 737 SMB *****74 731 OOOJMHT *****71 774 MMMM *****5»251 LM *****55 fAI: *****4S **********0 MM TO NW USA A CANADA USA CANADA* FOt VSI/VOT I IAM I SM IMHAII/VOT sft TW DO TO 51 Kf fS1,938 words
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Advertisement1363 2000-07-11 28 SENATOR LINES TO UK/CONTINENT TOMEDffIERRANEANCANADA SL m 181 "T" ham law |fu~] vemel Ivor [imlbitlmelfwlwxlmtm TMDfnOWTY MmU 14.17 MM 07 H MM M M MM FMTMOIMMTOM MMW 14(7 MOT «1M MM MM UM FUSANKNATOfI HI4W 11.17 MM MM 17.H MM MM lIM AMENCA tEMATOH MMW M.17 MM MM lIH 171,363 words
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Advertisement1599 2000-07-11 29 Ivissgi VOY HKO KHH SIN PKL PXI M DAM UK Our weekly fixed-day service is strengthened by the brand new and bigger fully cellular 3300-teus vessels. Maiden vovage. mv Iran Hormozgan PCLI63 eta Singapore 21/7/2000, Pt Klang 22/7/2000 AGENT ti SINGAPORE AGENT IN MALAYSIA AGENT W HDONESIA SMOSE MARITIME PTE1,599 words
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Advertisement397 2000-07-11 31 i BSfl A. i BPSfB3rfTBH^^^P M MYANMA Htfk FIVE STAR LINE (Myaraar Natioaal liat) Loadiag far Yaafoa vessei vot sm pu pen pgu MAWUMTMf WW SID SAGAMG OW SU RUIATSIA AGENTS: 10USTEAD SMPPMG AGENCIES KUL TU (03)*****00 PtL TU (03) 374*101 Wt TH (04) *****02 PGU: HI (07) *****21/4 BANK397 words
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Advertisement866 2000-07-11 32 MHOKOMItf TA PHUT/lAH CHMMW JAKAftTA/PAIMAIIO YK» YQT I m m I iff IKM SM __J»T f_M mam w—maz—lszqz —mi—la3il_ jff jjflg *»miHP" IZ2I LiZSZ IiZQZ aiaihum 1535 IMJZ 14/07 14/07 JWnUHUM 504* 1M Ml MTIIHUM ***** Wo I 14$ MATOUIHUM" 473N 12/07 IS/07 14/07 BID FU' W 14>P7 11/fo YAJTHA866 words
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Advertisement382 2000-07-11 32 INDONESIA NATIONAL LINE TO AUSTRALIA I HJU. COKPUNEB SERVICE va m sm m sr» m wo m hmwi as n/w n/w n/wn/va/v a/wNYinKMoa a" iz/wli/w n/w ii/ 5 m/m rammeam ~~m om n/v m/u m/m mm ii/i» WIMMT J7S 11/S7H/M 07/ M iy IS/B H/M FEEDER SERVICE TO INDONESIA v*382 words
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Advertisement559 2000-07-11 32 I VESSELS \*OY SW PKL I JED MLA LEH RTM HAM ZEE SOT VM£DE TAURUS A3BW 11/07 12AJ7 20/07 25/07 30/07 01/06 02/06 04/06 OMB VLLE D'AOUARIUS U3BW 18*07 19*J7 27/07 01/08 06/06 08/06 08/06 11/06 12*08 SflL-E B6 AHTAHES Eg i4JW OJtn 066f18 13*68 isW iW W ~iWB~ VBXEOEVWOO559 words
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Advertisement13 2000-07-11 33 "•'Sty->9&sSW We keep track of your container, always. http://www.ptp.com.my General Line: 607-504 222213 words
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Advertisement45 2000-07-11 35 ji Shantou, Dongshan, STL CONTAINER LINE ZhangZhou For Services To Vietnam Calcutta Turn to Pg 3 Mon/Wed/Fri Pg 7 Worldgate Express Lines STANDARD SHIPPING Wallenius AGENCIES PTE LTD Wilhelmsen Offers Weekly FCL/LCL New Europe To EASTMAL^YSIA b.fc. jIX\ service DETAILS Pg 8 Pg 7 (Barwil)45 words
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Page 37 Miscellaneous
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Miscellaneous123 2000-07-11 37 VS Ss 4%^ LEGEND: Issued"by Meteorological Service Singapore K Thunderstorm A Showers y^\ Rain emperature 0.-/ Wjnd direction and speed in knots Cloudy Day Wea,her symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds j__J K m j—One halt Heche represents 5 knots I.123 words
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Advertisement145 2000-07-11 38 |||||!y Jardine Shipbrokers IhAm Sblpbrobars b i wholly-owned subsidiary of the Jardine Matheson Croup which b one of the largest conglomerates In the Asia Pacific Region. Due to our expansion programme, we are currently seeking dynamic indMduah to Join us as: SHIPBROKER (Sale fc Pwdiase or Dry Cargo) Minimum 2145 words
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