The Business Times, 12 August 2003
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2003-08-12
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The Business Times
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Title Section18 2003-08-12 1 THE BUSINESS TIMES UITA (P\ 024/03/2003 j irt c, nf !-.itp://business-times.asial .com.sg SINGAPORE TUESDAY, AUGUST 12, 2003 85C18 words
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678 2003-08-12 1 Anna Teo - Stndy finds excess capacity most ran on for another conple of years for deflation to set in Byi Anna Teo [SINGAPORE] The chances of Singapore becoming mired in deflation are fairly low, even though the economy has underperformed for 10 quarters since 2001,678 words
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423 2003-08-12 1 Siow Li Sen - MAS official reports surprising strength in financial sector By\ Siow Li Sen [SINGAPORE] Finning interest rates here won't derail bank lending, which has been trending upwards, a Monetary Authority of Singapore official said yesterday. According to Khor Hoe Ee, MAS assistant managing423 words
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Article, Illustration764 2003-08-12 1 Serena Ng - It says members entitled to damages for breach of contract By Serena Ng [SINGAPORE] Raffles Town Club (RTC) could be in danger of folding after the Court of Appeal ruled yesterday that its 4,895 founding members wereARTHUR LEE - 764 words
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Article73 2003-08-12 1 Sll 1,553.59 (+19.05) 5T INDEX FUTURES 1,551.00 (+20.00) SIMSCI FUTURES 19L20 (+3.60) Monday Change KLSK(X)MP ***** *462 NIKKKI225 9.487.80—♦ 160 27 HA\(i SKMi ._10.093.54 '148.32 SET INDEX 513.19 »9J9 JAKARTA ("OMP -504.84 -0 52 MANILA COMP 1.***** +5.21 TAIPEIWPI *****0 17.95 8EOI7LOOMP ***** «044 SHENZHEN B ***** *152 AIST73 words
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Article79 2003-08-12 1 FOREX RATES US* SS I SS (SS per I SS| I 756 i(VSS/SSp«rX|_1601 2.810 EI*RO(l'SS/S$/E). 1.128 1980 YEN 11*6 6760 KM 3800 2165 HKS 7.799 4.443 BAHT 4185 23.84 KIP1AH KM5 4.862 RENMINBI 8.299 4727 INDIAN WWm- 4595 2617 AS 1.528 0.870 NZt I 708 0 973 PRIME RATES79 words
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Advertisement71 2003-08-12 1 --K <k, 2u| i PWM!R rn -•.•••> j^Wm*o***m.. Tfl \X Breguet. La passion lalsse das tracas. Wristwatch ■Classique" in 18-carat yellow gold Extra-thin selfwinding mechanical move- //?/^7) ment Off-centred subdial for the seconds Silvered gold dial hand-engraved on a rose V engine Also available with white enamel dial Cambered sapphire71 words
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Advertisement30 2003-08-12 1 28% PAY RISES EXPECTED Pagt7 CapftaLand's ovcfscfls bets payoff Page 3 Pick Singapore's most creative whi a bottle of Royal a waataand stay at the Raffles' Courtyard Suite Page 1830 words
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NEXT page
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Article, Illustration595 2003-08-12 2 Anna Teo - S'pore economy shrank 42% in Q2, but is expected to bounce back By. Anna Teo [SINGAPORE] After the sharpest slowdown on record, the Ministry of Trade and Industry (MTI) expects the economy to improve "quite significantly" in the second half. "We had aSource: UOS - 595 words
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ON THE grapevine
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Article109 2003-08-12 2 THE US-appointed director of TV and radio in Iraq walked out on his job last week, claiming it had become impossible to work because of a lack of money and resources. Ahmed al-Rikabi, who was head-hunted by the Americans, announced the overthrow of the Iraqi regime from109 words
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Article126 2003-08-12 2 THE Straits Times Weekly, which has kept overseas Singaporeans abreast of happenings back home for almost 16 years, will stop publishing from Sept 1. The edition, a tabloid version of The Straits Times, had a weekly circulation of some 3,500 copies and was popular in Australia,126 words
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475 2003-08-12 2 Eddie Teh - They point to operational and political hnrdles Jfcotni Eddie Teh kilfwa—p3—A.+- J _jr mm u. UNLIKE the doom^nierg^ makes sense for the two neighbours' leading seaports to join forces, but there are many operational and even political hurdles, bankers and475 words
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448 2003-08-12 2 Kalpana Rashiwala - Japanese group seen split on whether to boy 27% stake in Ngee Ann City By Kalpana Rashiwala [SINGAPORE] In a move that suggests a spUt within Takashimaya group on whether to buy a 27 per cent stake in Ngee Ann City from Metro448 words
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Advertisement52 2003-08-12 2 r-.,-Th© WOrld S incorporation Fees from USSSOO Full professional after sales servit e leaamg provided. For a complimentary consultation, contact: OffshOTG M S Florence Nathan v r.t;• Company and Tax Tel: (65) 6535 3382 Planning Fax: (65) 6535 3991 Specialists OCI*3 VOl'lcll'VlCkl t r Parker Duofokl PUtinium Pbtcd Trim Fountain52 words
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SINGAPORE companies
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659 2003-08-12 3 Kalpana Rashiwala - Developer beats expectations with 13.9% rise in first-half profit to $ll&3m By\ Kalpana Rashiwala CAPITALAND president and CEO Liew Mun Leong yesterday gave some solid numbers to illustrate the pay-offs from the group's overseas expansion. He revealed that 36 per cent659 words
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COMPANY Briefs
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126 2003-08-12 3 Bloomberg VENTURE Corp, the bluest electronics maker on the Singapore Exchange, intends to issue 1.71 million new shares to bay the one-third of Univac Precision Engineering that it doesn't already own. Venture, which makes products for customers such as Agilent Technologies Inc, has obtainedBloomberg - 126 words
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Article95 2003-08-12 3 MAINBOARD-LISTED value chain management services provider Teckwah Industrial Corp yesterday posted a 33 per cent drop in net profit for the six months ended June to $1.7 million, while revenue fell 11.5 per cent to $45.1 million. It said Its first-half performance was affected by the95 words
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65 2003-08-12 3 DATACRAFT Asia said its wholly-owned subsidiary, Datacraft (Singapore) Pte Ltd, agreed with three Individuals to sell its interest in EMS —a company that sells and installs cabling related products in Singapore. The buyers will pay the sum of $700,000 and an amount equivalent to65 words
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121 2003-08-12 3 NEW kid on the block Singpu posted an Interim net profit of $8.6 million, or 87 per cent over the previous corresponding period, on the back of a 78 per cent revenue growth to $62.9 million. Singpu, which started trading on the main board121 words
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71 2003-08-12 3 ARA Asset Management, the manager of Cheung Kong's property trust Fortune Reit, said yesterday that all 199.4 million placement units of the Reit have been validly subscribed for. It said allocations under the Reit's placement tranche include allocations of around 87 .3 million units71 words
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Article241 2003-08-12 3 Ven Sreenivasan - WBL to boy the &9m shares for $8.75 m and cancel them By Ven Sreenivasan THE OCBC group is divesting a 2.27 per cent stake in WBL Corporation for $8.75 million to meet banking regulatory requirements. As part of its move to divest non-core241 words
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513 2003-08-12 4 Wong Wei Kong - All core businesses do well, bringing earnings to $50.6 m before exception&ls By Wong Wei Kong CONGLOMERATE SembCorp Industries yesterday reported a 7.5 per cent rise in earnings before exceptional for the second quarter ended June, roughly in line513 words
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159 2003-08-12 4 COMFORTDELGRO will spend $23 million on a new taxi booking system to be developed by ST Electronics subsidiary CET Technologies. The system will use GPRS or General Packet Radio Service technology and a seven-inch touch screen to provide cab drivers with digitised maps159 words
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429 2003-08-12 5 Al Labita - Talk is that Deutsche could not agree with Sing Tel and Ayala on price for 24L8% stake Froml Al Labita in Manila THE sale of a German telco's entire stake in SingTel's listed Philippine unit failed to go through amid market talk of disagreement429 words
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590 2003-08-12 5 wong wei kong - lock siew wong wei kong THE concept of CRM or customer relationship management has been around for some years now, but when it starts cropping up at results briefings, you know that extracting more earnings from existing customers is becoming as crucial to590 words
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Article, Illustration336 2003-08-12 5 Kenneth Lim - By] Kenneth Lim MAINBOARD aspirant JEL Corporation began as a photographic products distributor in Singapore but cofounder and chief executive Eric Tan soon wanted more. "It's the theory of being a fish in the ocean versus being a fish in a fish336 words
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371 2003-08-12 5 Vince Chong - Byy Vince Chong MAYFRAN International said yesterday it has removed executive director Irawan Darsono with immediate effect. The move was announced in a one-line statement with no reasons given. The Indonesian businessman last hit the news in 1999 when a share deal he struck371 words
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Advertisement18 2003-08-12 3 -r-t^fSiSSw <*K •^V I f 'I ft i. M t' (J ,-i. I^LLLLi ilv {'-j UNITED OVERSEAS BANK18 words
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Advertisement1789 2003-08-12 4 GPindustries QP Industries Limited (Inoocporeted In the Republic of Singapore whh Hmhed llabtlhy) Notice Of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of GP Industries Limited ("the Company") will be held at Ocean 5, Level 2, Pan Pacific Singapore. 7 Raffles Boulevard. Marina Square, Singapore1,789 words
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Advertisement345 2003-08-12 5 NOKIA Ojmnmtino Phoplu Introducing the bilingual Nokia 6108. With its easy-grip stylus, messaging in Chinese or English is a natural and hassk-free affair. Add to that a handy $638 two-way dictionary and you have a perfect tool for cross-language communication. With every Nokia 6108 purchased, you can now immerse yourself345 words
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SINGAPORE markets
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Article, Illustration317 2003-08-12 6 OTHER SINGAPORE INDICES Aug 11 VALUE CLOSE ITOME -156.00 -54.00 TOW -*****.00 +88.00 WllHayH -*****.00 -16.00 /yHQEydHw 420.74 +3.69 IQEjdbwBwst 151.07 +2.22 SQEjdb-Fta 1305.44 +16.44 SQIhMMPW 391.40 +5.05 IBOtfcHinri 191.27 +2.16 WSCIfMhw 191.20 +3.60 Stocks Votom Hongguo US1.5C 53.060,000 Singpu25c 38.705.000 Chart SemiCond 26c 29,963.000 Ezra 20c 29,770.000 Full Apex317 words
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Article, Illustration240 2003-08-12 6 Ven Sreenivasan - HOT STOCK/ WARRANT By' Ven Sreenivasan THE stock of China Aviation Oil has recovered sharply from recent lows. It closed 3.5 cents up at a record 58.5 cents yesterday. It also enjoys strong liquidity, with some 7.4 million units changing hands yesterday. One240 words
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Article, Illustration762 2003-08-12 6 r. sivanithy - 1=1 i comment STOCKS r. sivanithy ALL stocks and markets are inherently cyclical, depending, of course, on factors such as timing and the length of the cycles in question. For example, there are consumer cyclicals and industrial cyclicals, which may not move in the same direction762 words
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Article, Illustration572 2003-08-12 6 larry wee - I-i i comment CURRENCIES I Euro worst-hit, Aussie boosted by hawkiak remarks from Reserve Bank of Australia larry wee THE Japanese yen sparkled in Asian trading yesterday, hitting three-week highs versus the US dollar and euro. Despite some market buzz that the Bank of JapanSource: Reuters - 572 words
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Article2944 2003-08-12 6 UNIT TRUSTS FUNDS Citbond S port Class Y 0.99V A8N Aaro Mat ftl* (S'para) 0.831 SwEirwEflM" 0646/ Com Global Lifestyle mds Fd 0.872/ StaEtfopeBT 1773/ Com Global HeaMi Mb Fd 0823/ StvEmpcM 0.952/ Com Global Telecom Inda Fd 0436 Star/toan Toer Bqft 1741/ Com Global IntoleclndeiFdP* 0-307/ Star /tea lond2,944 words
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SINGAPORE news
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Article, Illustration422 2003-08-12 7 Vince Chong - By Vince Chong OWNERS of Le Chateau condo stand to reap a collective sale premium of over 50 per cent the sort of level en bloc sales fetched in the boom days if the tender sale of the estate's422 words
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523 2003-08-12 7 Angela Tan - Whafs missing is a true understanding of the board's role Byi Angela Tan ACROSS the world, including in Singapore, there has been a push to improve corporate governance to avoid another Enron debacle. But most of the reforms so far have failed523 words
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144 2003-08-12 7 UNITY NTUC Healthcare pharmacies has extended its Special Pricing Programme to the Singapore Heart Foundation, bringing the number of beneficiaries to about 10,000 members. Since Aug 1, the 2,000plus new members have been able to buy 19 drugs, aimed at controlling blood pressure, at144 words
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Article, Illustration375 2003-08-12 7 Chuang Peck Ming - Variable bonuses seen at 1.4 months' salary: Watson Wyatt survey By i Chuang Peck Ming THE size of pay increases is expected to ease from the first half s 3.3 per cent to 2.8 per cent on average for the rest of theSource - 375 words
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Page 7 Advertisements
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Advertisement111 2003-08-12 7 f 5 7* Only Mercedes bends. i ■">'•' V* s i *> W>' r With our new Active Light System, your headlights actually turn to follow the road, increasing your night driving vision by up to 90%. The lights even adapt /jP\ to your driving speed. So they follow the111 words
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FOCUS property
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Article, Illustration756 2003-08-12 8 ANDREA TAN - If s looking for buyers for hospitality business, investment properties, writes ANDREA TAN ANDREA TAN AS Keppel Land nurses ambitions to be a regional property player, there are plans to sell its loss-making hospitality business worth an estimated $500 million. "The hospitality businessCHRIS LOH - 756 words
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Advertisement1097 2003-08-12 8 -•> J~ w 111 Various sizes up to 14,000 sq ft Instant move-in subject to conditions Allotted parking/Loading in front of unit ml^ Tel: 6344 2002 W ——7 PAYA ÜBI 111 53 Übi Avenue 1 IK)1~11 industrial park ch u COLLECTIVE SALE I J SU JECT Prime Condominium Site in1,097 words
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Advertisement556 2003-08-12 8 PRIME FREEHOLD RESIDENTIAL SITE AT EWE BOON ROAD US// Site Area: 19,510 sq ft "Residential"© 2.1,24-storey J* *Z| Near reputable schools: .11l SCGS, ACS, SJI, RGS //•&^7/^" 5 minutes' drive from Orchard Road/ City Centre For Sale by Tender Closing: 20 August 2003, Wednesday, 4pm lEg Debenham J W I556 words
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Advertisement173 2003-08-12 8 FOR SALE BY TENDER Casa Robina Freehold •Site area:3.015.1 sqm Strata area: 5,814 sq m (subject to final survey) t|\ c£. 15-storey block \s££»// •49 apartments %SS y»\ TOP to be obtained Tender Closing: 29 Aug 2003, Fri, 4pm IIIQC Debenham J Leung it SIEMENS CENTER <9 60 MACPHERSON ROAD173 words
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REGIONAL news
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519 2003-08-12 9 NEW DELHI It may not have evidence that will stand np to scrutiny of Securities Appellate Tribunal Bloomberg INDIA'S market regulator, which has accused former Alliance Capital Management Holding LP fund manager Samir Arora of insider trading, may not have enoughBloomberg - 519 words
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365 2003-08-12 9 KUALA LUMPUR Reuters MALAYSIAN life insurers have proposed a revision of investment rules to allow increased holdings of bonds to dilute the effect of a volatile stock market on their portfolios, an industry body said yesterday. The Life Insurance Association ofReuters - 365 words
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Article, Illustration263 2003-08-12 9 KUALA LUMPUR Bloomberg THE Kuala Lumpur Stock Exchange reprimanded the former management of Technology Resources Industries Bhd (TRI), now called Celcom (Malaysia) Bhd, for failing to make certain disclosures, including veto powers over any mergers. The breaches were committed between 1999 and early 2002Bloomberg; REUTERS - 263 words
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Advertisement174 2003-08-12 9 Discover why H IV Michigan consistently ranks as one of the world's top providers of B^^fß^Hlexecut/ve education! I Hong Kong Finance for the Non-financial Manager Sep 15 -19,2003 H O t Effective Sales Management Sep 22 24,2003 Strategic Marketing Planning Sep 29 Oct 3,2003 Human Resource Executive Program Oct 6174 words
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Advertisement225 2003-08-12 9 The Management Staff of Pacific are to congratulate Mr Hon Solutions Asia Pacific on being awarded the r i 3 Public Service Star (Bar) 4j (Bintang Bakti Masyarakat (Lintang)), > 8 Singapore National Day Awards 2003 *"V I T. V vJSK&fa I l £x\ Sill I f [vr -hA V225 words
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EDITORIAL & opinion
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Article, Illustration827 2003-08-12 10 caroline baum - Fed should say it straight or not say it bottom line OPINION caroline baum Bloomberg UNITED States Federal Reserve officials gather today, as they do eight times a year, no doubt with a certain degree of performance anxiety. Not about the economy, which outside of the labour market seems toBloomberg - 827 words
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Article60 2003-08-12 10 The Indonesian political elite and the Indonesian public now feel that organisations that flirt with violence are no longer acceptable.' -SUMf JOBM director of the International Crisis Group, a Geneva-based group that focuses on crisis prevention and an expert on Indonesia's radical Islamic groups, after the poor60 words
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Article650 2003-08-12 10 EDITORIAL A RETUNING usually does not imply any major effort But to retune the Central Provident Fund system is actually one of the most important challenges facing the government In his National Day address, Prime Minister Goh Chok Tong singled out the retuning of the650 words
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Article, Illustration1229 2003-08-12 10 Leon Hadar - Anti-immigration sentiment is growing in the wake of the US economic slowdown, rising unemployment and outsourcing From Leon Hadar in Washington ONE of the major complaints against the US free trade agreement with Singapore that was raised by lawmakers in the US HouseREUTERS - 1,229 words
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Article145 2003-08-12 10 Base In welfare hints at recovery Hong Kong's Sars-hit economy has shown another sign of improvement, with the growth in the number of people receiving social security payments easing significantly last month. South China Morning Post The bomb wtigbed over 10kg Entering the sixth day of the145 words
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Advertisement25 2003-08-12 10 IiTHI Lianhe Zaobao lAcute I I problem Q f I blind I investments I I China's I I industries I I w s ttiitnr 1125 words
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REGIONAL news
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Article, Illustration421 2003-08-12 11 JAKARTA BLAST Hotel association sees occupancy rate at maximum of 40% this year and next Bloomberg [JAKARTA] Hotel occupancy rates in Jakarta fell to 35 per cent from 50 per cent after a bomb explosion at the JW Marriott hotel lastBloomberg; REUTERS - 421 words
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NOTE Book
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Article62 2003-08-12 11 Bloomberg [KUALA LUMPUR] Malaysian Airline System, the country's national carrier, said its loss in the first quarter ended June 30 widened to RMI6S million (5576.2 million) from RMBI million in the year-ago period. Sales fell to RMI.7 billion from RM2.2 billion inthesameperiodayearago.itsaidinastatement.lt made a lossBloomberg - 62 words
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78 2003-08-12 11 Bloomberg [KUALA LUMPUR] Public Bank Bhd, Malaysia's fourth-largest lender, said second quarter profit rose 19 per cent as its Islamic banking business expanded and it made more money from conventional lending. Net income in the three months to June 30 rose to RM3215Bloomberg - 78 words
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477 2003-08-12 11 BEIJING Exports in first seven months np 33.4% at USs22Bb Reuters CHINA'S industries produced 16.5 per cent more output in July than a year earlier, pumping out cars, phones and power at rates that suggested a strong start for the world's sixth-biggest economyReuters - 477 words
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369 2003-08-12 12 SHANGHAI Govt to tighten rein on investment in steel, aluminium and anto sectors Bloomberg AFP CHINA'S central bank plans to sell a combined 50 billion yuan (5510.6 billion) of treasury bills to state lenders today, the biggest one-day sale, toBloomberg; AFP - 369 words
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551 2003-08-12 12 Loh Hui Yin - LETTER FROM SHANGHAI More businessmen and professionals are heading to booming China to seek their fortune or further their careers, says Loh Bui Tin Loh Hui Yin WHERE would you Find the biggest National Day gathering of Singaporeans outside of Singapore? In Shanghai,551 words
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182 2003-08-12 12 HONGKONG AFP A GROUP of Chinese banking officials and financial experts will visit Hong Kong later this month to discuss plans to set up offshore yuan businesses here, it was reported yesterday. The group, led by Li Yang, director of the Chinese AcademyAFP - 182 words
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Advertisement801 2003-08-12 11 ■nillllHl Crfl toll-free 1800 299 8822 B addvalue technologies Addvalue Technologies Ltd Notice of Seventh Annual General Meeting NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of the Company will be held at 750 D Chai Chee Road #03-03 Technopari<@Chai Chee, Singapore *****4 on 29 August 2003 at801 words
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Advertisement259 2003-08-12 11 Good Times Fly Save up on ANA Business Class when you fly ANA Asia TMamte Mate SINGAPO^^^^ Inclusive of One Asia Stopover |^ti|k'' Business Class Economy Pass S Beijing fr. 553.620 fr. 552.060 Shanghai fr. 553,620 fr. 552,060 "•>! Mftl 1 Taipei fr. 553.620 fr. 551,660 9 1 m M259 words
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Page 12 Advertisements
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Advertisement250 2003-08-12 12 Where to wine, dine and entertain... World ofExdusive Privileges Treats on Orchard Enjoy a FREE* buffet with 2 When you a copy m Buffet Lunch Buffet High Tea Weekdays 14.00 Weekends I Buffet Dinner For a only, valid 31 August 2003. Call *****129 for reservations or more information NOW! Terms250 words
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Advertisement89 2003-08-12 12 The Best Of Teochew Porridge At The River Terrace Be Porridge Savvy and eat your way to a healthy lifestyle! Have Porridge either way, with or wittxxM chunks of Sweet Potatoes In M. To accompany your porridge, we oiler a range of sweet A savory local favourHea. Available on Mondays89 words
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Advertisement38 2003-08-12 12 HB B%p J/k Ifs food that appeals to our hearts Ol and stomachs. The Marina Bistro I offers local culinary favourites like Ol satay beehoon, cuttlefish and I kangkong, tauhu goreng, gado gado just to name a few.38 words
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Advertisement165 2003-08-12 12 n MER.ITUS MANDARIN SINGAPORE BUFFET DINING AT ITS BEST Fresh oysters, delectable lobsters, savoury hooey-glazed ham, US Prime Rib of Beef and many more mouth-watering dishes rT to leave you spoilt for choice. Reservations: *****271/72 MERITUS MANDARIN (»tw 333 Orchard Road. Singapore *****7. Tel: *65 6737 4411. Fax: +65 6732165 words
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WORLD news
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548 2003-08-12 13 LOS ANGELES Case suggests firm's oversight and control of its execs were inadequate Bloomberg DANIEL Gordon, former chief energy trader for Merrill Lynch Co, is being investigated for embezzling US$43 million from the world's largest securities firm in 2000 by disguising the theftBloomberg - 548 words
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WORLD Watch
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123 2003-08-12 13 Reuters [NEW YORK] Massachusetts securities regulators are expected to file civil charges against Morgan Stanley, claiming that a contest encouraging brokers to sell in-house mutual funds violated antifraud provisions, The Wall Street Journal said yesterday. Last fall, some branches of Morgan Stanley held a contestReuters - 123 words
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Article68 2003-08-12 13 Bloomberg [SEOUL] Hyundai Motor Co said first-half profit rose 11 per cent as it sold more Grandeur XG sedans, Santa Fe sport-utility and other pricier vehicles in overseas markets. The carmaker's net income rose to 968.5 billion won (Ssl.s billion) from 893.4 billion wonBloomberg - 68 words
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73 2003-08-12 13 Bloomberg ISjsattusj KeaiNetworKs inc, wnicn sens subscriptions to view video or listen to audio over the Internet, and Sprint Corp's PCS wireless unit will offer a service for listening to news and sports on mobile phones. The service costs U554.95 a month and willBloomberg - 73 words
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Article, Illustration594 2003-08-12 15 CHICAGO Economists raise forecast for growth in this quarter to 3.7% Bloomberg THE US economy will gain strength in the second half and keep accelerating into 2004 when it will expand by the most in four years, a private survey of economistsBloomberg; AFP FILE PHOTO - 594 words
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230 2003-08-12 15 LONDON Meanwhile, inventories in Jane were down 5% Bloomberg THE International Energy Agency, an adviser to 26 oilconsuming nations, raised its estimate for growth in world oil demand this year by almost 10 per cent, reflecting a faster-than-expected increase in China. Consumption inBloomberg - 230 words
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323 2003-08-12 17 NEW YORK Amalgamated Bank sues over fees hotel operator charges Reuters NYT NO 1 hotel operator Marriott International faces another lawsuit over the fees it charges to manage properties, this time by Amalgamated Bank, a Marriott shareholder, The Wall Street Journal reported yesterday. The bankReuters; NYT - 323 words
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301 2003-08-12 17 NEW YORK NYT Bloomberg INTERNATIONAL Business Machines Corp, the world's largest computer maker, won an order for computers, software and related services from toymaker Lego A/S, which will replace its Hewlett-Packard Co machines. In place of the 230 HP server computers that formNYT; Bloomberg - 301 words
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Page 13 Advertisements
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Advertisement524 2003-08-12 13 Let CAL STATE University bring you the Silicon Valley Advantage. T__ /> »w nr. i mn 10ID UMlpui ntSKKUI ntt-iVun JLH HakSah«-CFO,M«adaTi Ge"'l—' Proctor• CFO,theßedrtdGrowp M Stnv COO, Tec*chen V W Scott Krieas-CEO, Janiper Networks 'What do these successful corporate executives have i* commoo? v lie CAL STATE SmamVdkyadvmtage." J524 words
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Page 14 Advertisements
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Advertisement4098 2003-08-12 14 Notices lufenjor Mentor Media Ltd Mr m.^7%11 CI (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of Mentor Media Ltd (the "Company") will be heW at 1 Bukit Batok Street 22 Singapore *****2 on Thursday, 28 August 20034,098 words
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Advertisement162 2003-08-12 14 ORIENTAL PETROLEUM PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that the Final General Meeting of the abovenamed Company will be held at 220 Orchard Road #05-01 Midpoint Orchard Singapore *****2 on 12 September 2003 at 10.00 am. for the following purposes:I.To receive the162 words
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Advertisement484 2003-08-12 14 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF POLA POWDER MFG. PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the Members of the484 words
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Article, Illustration1070 2003-08-12 15 Transaction date:Aug 11 MTBRBAME CROSS BATBS AS C$ Nt Ero m mdh Mdafc Yea Won HI |g$ Wite N» SS land Sir OT$ »*t Hmt USS Austria 0.915 5.432 0.560 5.105 90.074 55.862 0.776 7.7* 2.487 IV* 37.819 35.903 1.149 4.857 0.892 ***** 27J88 0.409 0X55 Canada 1.093 5.9371,070 words
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Article1567 2003-08-12 15 81C0M PUTUIiES Aug 11 IU88Q Morn (Oostag trices) RSS1(Sc«its/k|> Close Votaae Open M—Ml Hjffe Low Sett (towns) Interest Sep 03 ***** Oct 03 ***** NO* 03 179.00 OK 03 177.25 RSS3(U$cnts/k|) Vol—I Opto im-C fall /A > ■Hi Mp IfV JVu lHHRI MPV9I Sop 03 ***** 103.00 103.00 W501,567 words
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Article4667 2003-08-12 16 Transaction date:Aug 11 HONGKONG vet HKRinri. v»4 ois »5H HKS W- -000 Hong Kong Electric 30.30 010 2498 Hongkong Chinese 0.88 0 01 2466 Alpha General 034 unch 289 Hongkong Chinese ltd 0.88 0 01 2466 AnandaWingOn 0.01 unch 0 Hopewell Holdings8.45 010 3165 Angara New Steel H4,667 words
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Article2177 2003-08-12 16 i Transaction date:Aug 11 KUALA LUMPUR GanadCorp 1.15 0 03 IS RUflLA r U I\ General Corp 0.S3 -0.02 82 na w- roooi General Soil 1.26 unch 0 —Genting 15 30 -0-20 773 AAMRealty *96 -0.01 77 £<*geKent 12 2^1 Abric 0* -001 107 GtotoetrorwsTech... J-*® "J ACP Industries2,177 words
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Article807 2003-08-12 16 Transaction date:Aug 11 »idi —i« ma— a—i i w o— a—» UawiSk 0.41 1.000 NatSted 50c 0 Si 24M *4420 CAC 0-54 5.050 -0100 OOC Ml 10. *0 *0100 CaprtaLand 1.1* 1.300 *0 0*0 OOt 055 7.100 <0050 Chart SamKond 26c IjOI 1040 *0020 ParfcwayH2Sc 040 0450 *0.010 Oty807 words
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Article525 2003-08-12 16 BONDS WARRANTS Tal LaK Vol Com Ear Dm t 3SZ Co4» Mo «f ffM> to— Mm U* 3698 AST1W*****1 1 16 13 3.25 10 3697 AanaLtdW0411* 1 1 SO 410 10.00 IS Mffi Amtek W*****0 «1 3 1 33 -I 1.42 22 3603 Armstrong W*****0 *5 0.5 8 1 10525 words
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Page 16 Advertisements
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Article6638 2003-08-12 17 Transaction date:Aug 11 for live prices, log on to wivwxjsiaonernarketsjcorn SMM Ttf last Vol Day LaM Quota OrMv Mv CrYM MM MCaa Hmi Low Codo Commit Mo w- fOBO) High Low Buyor So8or Cm HI tmm 5300 ABNAmroNLG56c 9 12 14 '388 18 9 1500 ACE DynaiT»a20c 15.56,638 words
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Article68 2003-08-12 17 L* Vol Dqr LMQwtt GrtMv Mv 6rVM MM MCh w» u» c»4» cmm s*» w- r—> i—> s«a» c»r sa 9600 89 6065 Diamonds U***** 3750 2700 6095 l5DJU5T«ti US3740 555 555 6097 ISMSOSpor* US555 8270 8200 6101 fSSAPSOO U5B270 9650 8280 6170 SPOffS US9650 1610 1230 623568 words
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Article1782 2003-08-12 17 H-** w LM Vol Day LKtQmu CtOi* Otv CrVW MM MCa I—> Cade Ciw>l«| Sate W- row U» If M«r Cw Wt >3 24 7.5 5000 ABRHIdg$5c 19 -OS 165 19.5 19 19 19.5 36.7 30 15 2101 APCWSc 26 5 -0 5 160 26 5 26.5 261,782 words
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Article329 2003-08-12 17 52-M M LM Vol On LaMQwH Gfttr Mr CrtM MM MCaa ci wp —i wit +t- mm n» i— nam cv m sJi 168 r 6000 AVJenrangs A25c A161 79 161 160 161 162 40 3.4 62 9.4 3465 6001 CathayP»c20c MK720 265 2.1 7.4 6 *****2 6002329 words
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Page 17 Miscellaneous
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Miscellaneous220 2003-08-12 17 CRYPTIC CROSSWORD almost sick getting ture Insignificance (9) 23 Dance where you'll end up 28 Animal mounted here, say, in the East End (3,4) 14 Ambling through with smart Masseuse, 9 Eternity, 11 DOWN outside drive (9) Roughly, 13 Observant, 15 1 It raises awareness, in a Bare 7 Its220 words
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FOCUS enterprise
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Article, Illustration796 2003-08-12 18 Kenneth Lim - But Darren Soo has met with cautious response from some practitioners here, reports Kenneth Llm Kenneth Lim WHEN Darren Soo decided to introduce a US knowledge management (KM) certification system in Singapore this month, he wanted to help develop the local pool ofCHRIS LOH - 796 words
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Article, Illustration417 2003-08-12 18 Daniel Buenas - It will provide free initial consulting advice to SMEs in need of financial restructuring and working capital By Daniel Buenas VENTURE capital firm SME Techventure has launched a subsidiary company to provide financial and funding consulting advice to SMEs and to help417 words
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Page 18 Advertisements
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Advertisement898 2003-08-12 18 Vote for The Most Oeative Entrepreneur of the Year with an SMS to 9367 8728 indicating As playwright and Nobel laureate George Bernard Shaw said: 'Imagination is the the voting code of the person you have chosen. The person with the highest number of llmw fit limla- beginning of creation.898 words
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SHIPPING TIMES
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Article238 2003-08-12 19 Reuters THE Baltic Dry Index rose 25 points to 2287, the Baltic Capes ize Index rose 30 points to 3180, the Baltic Panamax Index rose 47 points to 2161 and the Baltic Handymax Index fell 22 points to *****. Anangel Eternity IVS relet (built 1999) *****6 dwt deliveryReuters - 238 words
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Article238 2003-08-12 19 SGX '000 <■»« SS W- ¥«l CWTOMrftulian OlSS undi 9 ChuwHup 043 -OOO 806 CHOflshor* 031 undi 2077 ruiuiliwilllwW nut OjOI 2827 FnidiiUii OJJ7 nil 70 GSHattngi 0.78 0.01 91 iM Holdings 0.45 OM 2442 KcpntCorp 5J5 0-20 1738 KlVanture A22 a01 2087 KappelTcte J)J7 undi 0 UbroyKWne238 words
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Article, Illustration653 2003-08-12 19 Donald Urquhart - Hour-long attack in Malacca Straits; vessel doe to arrive inS'pore By] Donald Urquhart [SINGAPORE] The captain of a Taiwanese vessel was injured after pirates opened fire with automatic rifles in the Malacca Straits off the war-torn Indonesian province of Aceh653 words
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133 2003-08-12 19 [SINGAPORE] Keppel Sing marine has built and delivered on time one of the world's biggest tractor tugs. Pisces 53 is the third in a fleet of three tugs built by the Keppel Corp unit for Maju Maritime. All three tugs are deployed on charter133 words
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86 2003-08-12 19 {SINGAPORE] Thai-listed Regional Container Lines (RCL) has added Ningbo to its Singapore-Qingtao (RSQ) service "to cater for the growing need of exporters" in the city just south of Shanghai. RCL said the new call offered a five-day transit between Ningbo and Singapore, and that86 words
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Article, Illustration317 2003-08-12 19 [SINGAPORE] It's like a modern day bounty US$4O million of luxury cars on the ocean floor in the English Channel Bounty-hunters ranging from car enthusiasts and used car salesmen to junkyard dealers have been eyeing the 2,871 brand new BMWs, Volvos and Saabs, worth about US$4OAP - 317 words
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199 2003-08-12 19 Higher freight rates boost net to 281.7 million baht Reuters [BANGKOK] Thailand's largest shipping company, Precious Shipping, said its second-quarter profit almost quadrupled from the same period of last year due to higher freight rates. Precious Shipping reported a net profit of 281.7Reuters - 199 words
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TRICOLOR salvage
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Article, Illustration950 2003-08-12 20 Salvage firm has to cut sunken car carrier into 9 sections and retrieve its entire cargo in a busy sea lane AP [ROTTERDAM] SMIT Salvage has been besieged with calls ever since a Norwegian-regis-tered ship with thousands of luxury cars on board sank late last yearAP - 950 words
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Article106 2003-08-12 20 PAGE BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 CWT Globelink ...4 Delmas 4 Dongnama 3 ECl 3 Far Shpg 5 Foong Sun 5 Gemartrans 4 Hamburg Sud 5 Hangli 4 Heung-A 3 IRISL 5T Kapal Kris 4 Kyowa 5 KMTC106 words
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Article8234 2003-08-12 24 THEBUSINESSTIMES EXPORT fciAT VR I ETA ETA Advartisar Vtsstl Voyaqf Taiaphona ETA ETA Advartisar Vassal Voyaga Taiaphona SIM Dast'n Hmm Nema Number Numbar SJN Dast'n Nam* Nam Numbar Numbar 06/09 16/09 UASC AL ABDALI CM* 65-*****410 Til ABIDJAN (ARJ) 2003 Cotl D'lvoirt 07/09 14/09 COSCO PU HE 217W8,234 words
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SHIPS IN PORT
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Article772 2003-08-12 25 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL OCEAN PRIDE 20/03 J12 A/SIDE 12/08 0600 PETROSR V007 J10 A/SIDE 12/08 1800 PHU YEN 1 04 J14 A/SIDE 12/08 0800 SUNTAIJAYA6 04/03J J3 A/SIDE 12/08 0630 BATAMMURNI JB801A J6 12/08 1000 12/08 2300 BAYSWATER228 E3182 J3 12/08 1730772 words
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Article1885 2003-08-12 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Mi Berthing Un- Berth Name Voy Voy seq berthing Nmbr A P MOELLER 0307 0307 1 13/*****3-0400 13/*****3-0900 K12 ACXIBBHCUS OPS OPS 1 *****003-0700 12/*****3-1800 TD7 ACX MAGNOLIA 067N 067N 1 1208/2003-1500 *****003-0200 T04 ALAMJAYA2 88S7 8857 1 1306/2003-1900 *****003-05001,885 words
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Article814 2003-08-12 25 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average sized stem Market movements are indi cated The Cockett Bunker Price Index change and814 words
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Article140 2003-08-12 25 An* 12 Thailand: Queen's Birthday. Aug IB France: Assumption Day. Italy: Assumption Day. S Korea: Liberation Day. Aug 17 Indonesia: Indepen Day. Anf 24 VKingdom: Summer Holiday. Aof 31 Malaysia: National Day. Philippines: Nat Heroes Day. Sep 1 Canada: Labour Day. U.S.: Labour Day. Sep 2 Vietnam: National140 words
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Article439 2003-08-12 25 Cfftoa 180 Mm 9917 0.6 16-2 0.08 69 0.06 Jwl 31 Density Water hsMut AsHAIwrtwt—i Sedla*«t Wo abON E25 1 0 3 0 0 0 380 AN 985.5 0.1 15.0 0.04 20 0.01 t22 300 Mil 9911 0.4 17.8 0.08 56 0.03 1MB M/M »M/M W439 words
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AIR & LAND transport
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207 2003-08-12 26 Reuters [HONG KONG] Chinese airlines will lose eight billion yuan (551.68 billion) in 2003 because of the steep drop in passenger demand triggered by the Sars outbreak, according to global airlines body, lata. "Domestic airlines will lose around eight billion yuan. ButReuters - 207 words
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Article, Illustration362 2003-08-12 26 Xinhua [WELLINGTON] The flight attendants from Air New Zealand and Qantas of Australia have been learning new self-defence moves to cope with the increased terrorism threats and control unruly passengers. The Sunday Star-Times reported that the two airlines' international flightXinhua - 362 words
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Article, Illustration379 2003-08-12 26 It says Aussie competition regulator may cut its price-fixing pact with Qantas AFP [SYDNEY] British Airways has warned it may pull out of the so-called kangaroo route linking Australia and Europe if Australia's competition regulator refuses to continue its price-fixing agreement withAFP; AP - 379 words
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262 2003-08-12 26 Reuters [LONDON] A wildcat strike at London's Heathrow airport robbed BAA pic of its busiest month ever, slowing July passenger growth at the country's biggest airport owner to 2.2 per cent at its seven British airports. "In the absence of strike action,Reuters - 262 words
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Article, Illustration361 2003-08-12 26 Purchase may cost state carriers more than 300b rupees AFP [MADRAS, India] India's Civil Aviation Minister Rajiv Pratap Rudy said on Saturday that state-run Indian Airlines and Air India were planning to buy 78 aircraft worth more than 300 billion rupeesAFP - 361 words
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402 2003-08-12 26 Flight attendants find shorter rest on long flights tough going AFP [HONG KONG] Cathay Pa cific flight attendants yesterday demanded the Hong Kong-based airline returns its number of flights to preSars levels in a bid to get more rest on long-haul services.AFP - 402 words
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Article1702 2003-08-12 26 m fuan n» M® OL mm. uwtto ax r.imii. my tm mv wo soa» a» an! w7«i on w»mp h» i «u» mb mt4 mm mri row not thw P92t? (UM 2255 IMCMMMOT 1)25 W42 0900 MW Q45 SOT73 2005 W740 MJ0 mini nog o» mw1,702 words
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249 2003-08-12 26 Bloomberg [SYDNEY] Australian Prime Minister John Howard said Sydney, the country's largest city with more than 4 million people, does not need a second major airport. "There's a very strong probability in my opinion that Sydney will never need a second airport," MrBloomberg - 249 words
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Page 19 Advertisements
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Advertisement395 2003-08-12 19 AWARDS— CONTSHIP Conteinefflnes has won the 9th International Freighting Weekly Shipping Line of the Year Award. Much of the award was based on the new, weekly contra-rotating round-the-world services for which Contship Containertines built specialist ships for the particular needs of the trade. "The hard work of four years' planning395 words
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Advertisement78 2003-08-12 19 a— m ■ma a—pes pwi China airlines to lose 8b nun I win No HHMIIW w row *lr -v .4 -v 4 H 42 c£calw Ro*d T (M) ft* I Singapore *****8 V~V wwwjaofly-miliMi rw H I Get Shanghai'd at Molly's! I ■FY Shipping Industry Night on Tuesdays H "Hoist78 words
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Page 20 Advertisements
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Advertisement647 2003-08-12 20 I IMPORT 1 NORTH AMERICA Q AUSTRALIA/NEW ZEALAND I MIWIMH l"W"«lll" I 1 -I—' 1 I ul BHUi itE BW tBB |a^| AW|hm>ABmXHttBB(^AX) *2! g vissa vor m st» oa m «t si m 00Q AMERICA 70W31 06/01 24 fU M/«, AHIVOtY 42N 07/01 04/00 04/00 01/01 11/ M 17/00647 words
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Advertisement426 2003-08-12 20 tines services by u-nken of the kiS|&Memb«* of *e Registry of Members o» ISB# Aoo«W Shipping Ag**. xOf£i_sz Singapore Shipping Associctfion p ULY UM MALE fVCSSCi VOT El* EU P. KLAUS SfOtl MALI Mold Star 541 A 13/08 15/06 24/06 Princess Lily 0803 25/06 27/08 05/09 Mold Carrier 741 A426 words
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Page 21 Advertisements
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Advertisement1127 2003-08-12 21 TO USA (SAX SERVICE) vessel vor sun u» w mi «hi o* cot mm m. wrc API SCOTIANO im 13/01 28/08 01/09 02/0* 92/99 02/99 92/09 02/99 05/99 OS/Of mmUMI 1171 20/08 04/09 00/09 00/00 Of/Of 09/09 00/09 09/09 12/00 12/99 API SWIDIN 0091 27/08 11/09 15/09 16/09 16/09 16/091,127 words
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Advertisement1885 2003-08-12 21 'irauME o«M snmci nroi SIMAfOftK TO MACK HA VIA potrSAW onmpmmi 19 Mrs IiYCIfYSK fWKIAINK) MMfS GOKUI AGMTS M SMOTOti: 1090MMS0M W #11-0# UIU/NK TIL *****157/41 ML 42MSJ21/24 I 7nMrTMMTTM fnßiMll mm COSTiI SMIPMifi m LTD smumummw outwud ti/u ******02 I COWIWUi (WiMM) 23 DAYS n»nn»l*S IB:tmiWiam MWAMKO/OI MMS7M 42M5114/441,885 words
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Advertisement478 2003-08-12 21 am alTum! Mb no sua jml. *Kb wy TTTsg jkt HUWSAIHUM 070 M 21/1 2fc7» M/i 307» MTHI IHUM 12S lt7l| 19/1 GAMAIHUM HOI? 21¥T27/T~ W~ IJT ~77T Tft WW IHUM 15_ 23fl IM 1 Vfl MAW IHUM mi 129/1 IVII O I M >3/9 |wtTH>IHUM 14S 30/1 I 2/9478 words
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Page 22 Advertisements
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Advertisement425 2003-08-12 22 er\C| mi AO ■WU—MOOOKMWI *****344 FAX: »M<74M 1-4UM.: illlwi—•illfcwi.Luiii.n UCLIYIMO POCUMgKTATIONVOPemTIOWa *****637 FAX *****17 7 ivtssa I vot I siGAfoti rotnmitt ittuvtt oakai mum cmmm ~1 Hvwblimhimt 303* U/M H/H OVW 15/W W/W 2S/W 8H4..M I—ms*1 —ms* M?S TO7W m m m hUIST 1 m ww nm iwi W/W ww425 words
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Advertisement490 2003-08-12 22 WAN HAI LINES Y reu *****588 FAX: *****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TO: JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For mora details, call HOTLINE: *****588/1800-*****00 wa w m m ta wmmm minum Asuamss ina sajud said io/n490 words
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Advertisement568 2003-08-12 22 BSAx MYANMA KH FIVE STAR UNE (Mvmht Notioaal Um) Loo<a| far Ywfw vksh vor sm m pw pgu PAGAN 304W SU NFA-AM 307W SIB IN 4ALATSU: IOUSTUD SHIPPING AWNCIfS MIL 03-*****300 PKL 03-317M101 PBt 04-2****** BANK UNE (A wr»kf tl kUiiw WW SMppM|) I NOKTHIOUNP TO IUtOwTI V COMIAMBt, ROW,568 words
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Page 23 Advertisements
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Advertisement1176 2003-08-12 23 IVfSSIL VOY KHH HKO SIN Htt DXI I »A» I PMM HC 1 SIMA TOOBA KL 8002 SWP SK» 17/04 11/08 28/08 29/08 03/09 07/00 CAM mo pa 8003 SKIP SKIP 24/08 25/09 02/09 03/09 09/09 11/09 WAN ISFAHAN PCI 326 26/08 27/08 30/08 31/08 07/09 08/09 IS/09 17/09 SIMA1,176 words
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Advertisement562 2003-08-12 23 i IftFl UK CONTINENT SERVICE Loacfcng tor THOR LOTUS RTM/ATW/BMNAJK/NAN 1 Singapore, EAV. Maiayva. Indonaa MIDDLE-EAST SERVICE Loading tor LOK LAJESHWARI ADN/HDO/JDH/AQA J. FRIEND DBI/ABU/DOH/BRN/DMM/KWT LOK PRATAP DBI/ABU/DOH/BRN/DMM/KWT toads Singapore. E7W Matay«a. Indoneaia USA SERVICE Loadngtor PAN DYNAMIC VCW/LAX/MZL PACIFIC EMBOLDEN CAM/NFK/SAV/NOL •Loads E/W Malayaa. Indoneaia F.E./S.E.A. SERVICES S pore562 words
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Advertisement795 2003-08-12 23 jssio m SB m Jfosa mi «t PK lAMB* I OWN W/W 18/ M PKSUUI 1112 07/01 M/M SB ioion n/M n/oo jtumm mi 11ZM ii/m SB 101)11 n/o> 11/00 -MCJiiii lm am ia/m mtm »01» UM 14/00 pacmwan wu iy/oo n/oo roTiflito uia um is/op PACOANBA 1014W It/04 17/00795 words
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Page 25 Miscellaneous
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Miscellaneous137 2003-08-12 25 jijir -i v T^J»■? i A Jii j |jp HggljjKit Jpy V 2flfz y J I f y" Jb#, J f-,_ jr' %bep 2o isT mi*.* li. ''tit Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols Showers O Full circle w/o line indicates calm or light and variable137 words
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