The Business Times, 20 November 2003
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2003-11-20
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The Business Times
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Title Section16 2003-11-20 1 MITA (P) 024/03/2003 85* THE BUSINESS TIMES SINGAPORE internet- I-ttp '/business-times.asial com.sg THURSDAY. NOVEMBER 20. 200316 words
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477 2003-11-20 1 Up to 47 arrested for alleged forex scams; JP Morgan Chase and ÜBS staff among those held AFP, Bloomberg [NEW YORK] Criminal charges were filed against 47 traders after FBI agents swooped down on Wall Street in a crackdown on allegedlyAFP,; Bloomberg - 477 words
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Article, Illustration799 2003-11-20 1 Siow Li Sen - BT exclusive Economists cite weak growth momentum, low inflation By Siow Li Sen [SINGAPORE] Bankers and economists believe Singapore interest rates are not poised to move up any time soon, contrary to reports that the global economic recovery is putting upwardSource: Bloomberg - 799 words
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Article, Illustration938 2003-11-20 1 Wong Wei Kong - DBS Bank wins the first Best Managed Board award By Wong Wei Kong [SINGAPORE] What really counts is not how many independent directors a company has but their quality and ability to question and advise management. Acting Minister for Education Tharman Shanmugaratnam toldPhoto: ARTHUR LEE; ARTHUR LEE - 938 words
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Article71 2003-11-20 1 □an 1,677.36 (-31.03) □ST INDEX FUTURES 1,670.00 (-26.00) SNDISCI FUTURES ***** (-3.20) Wednesday Change KLSECOMP ***** 1622 NIKKEI 225 9.614.611 -2X145 HANG SENG __11,872.99 -***** SET INDEX ***** -17.72 JAKARTA COMP 601.94 .1.85 MANILA 0OMP MI8.1I 9.73 TAIPEI WPI .5.865.51 71.96 SBWJLOOMP 771.70 2917 SHENZHEN B ___***** *3.46 AliSTALLORD71 words
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Article75 2003-11-20 1 FOREX RATES uss s$ l'SS(S$perl S$) 1.713 £(rs$/s$ per 1.702 1916 mtOfl S&/SS/E). 1195 ±0*8 YEN 10W. I 63.10 KM 3.800 1218 HK$ 7.756 4 526 BAHT 39.91 2319 RI'PIAH M73 4345 RENMINBI 8.298 4.R43 INDIAN RUPEE 45.56 26.59 AS 1.384 0.808 NTS 1572 0917 PRIME RATES SINGAPORE* MALAYSIA75 words
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Advertisement10 2003-11-20 1 II 111 8"887 81 *****4 APMoeller chairman,. 90, to retire10 words
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Advertisement7 2003-11-20 1 JW *M lltti ,#s£*: f>? a$S fl% >7 words
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NEXT page
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Article, Illustration566 2003-11-20 2 Loh Hui Yin - It will help Chinese companies setting up businesses in Singapore From Loh Hui Yin in Beijing PRIME Minister Goh Chok Tong has said that while the governments of China and Singapore enjoy close relations, interaction between the two countries' business communities must566 words
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840 2003-11-20 2 Leon Hadar - NEWS analysis US officials believe a minor trade spat with China will help score points with voters, says Leon Hadar in Washington Leon Hadar THE announcement by the Bush administration that it was considering a plan to limit Chinese textile imports indicates that840 words
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433 2003-11-20 2 Ven Sreenivasan - By Ven Sreenivasan [SINGAPORE] Without concessionary rates, Changi Airport may out of reach for Air Asia, but the Malaysian budget carrier is now targeting the cheaper Seletar Airport. Chief executive Tony Fernandes said yesterday that Seletar would be the answer if it were upgraded to433 words
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Advertisement134 2003-11-20 2 py.i'w.'. i nmr, s-j *>"* ihwiit W BHPIESENK V. a':-*--L 1 t V w |B| VHfIH 19 20 DECEMBER 2003 QDM SUNTEC CONVENTION CENTRE LEVEL 601 I I Fans of 60's pop music take heart! Relive the colourful sixties with a bevy of hits like "Itsy Bitsy Teenie Weenie Yellow134 words
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Advertisement58 2003-11-20 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions 10 ARRANGE A FREE CONSULTATION CONTACT: "SimonneToh T: +66 6535 3382 F: +65 6535 3991 singapore#ocra.cocn.Bg 2458 words
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Advertisement27 2003-11-20 3 s K f r r f r f jJ j J Imagination is now reality The new A 8 L qll all r o Pt»'nmini s Showroom27 words
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SINGAPORE companies
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COMPANY Briefs
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Article109 2003-11-20 4 TATWAN-BAflSDIiWero Aslm Technology, which Mend and makes digital video and audio products. ymfcrday said net profit Bar the third quarter ended 4 September plugged"» per cert to <2.9 million as It gfippled with Vartous engineering issues relating to ltfaeodncts. The Singapore-listed group, which had Wgmariasaed109 words
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Article35 2003-11-20 4 ACS Dynamfca, wfcticfe poiuan peM cwrrfdlscoani price Sir txwdbt fiaa5S»Ufrt«^d«m^ fLTfLiij Art MMmllo prcMddt *»n» report on lhe«eedrprocwde Id the scmsBl report. Apt Prneodct bad reduced the sritertoCicn prim ftr 15 aflgtonaewaMweto»iwisll*ij^M<iwiii!ptt>s35 words
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Article94 2003-11-20 4 ftaAMKHOLDEBStfBtog DUttcmaln U ,r WslilU'iflTum Ifcfl eTTlii i fm itlirr ii fiUfti tar-exempt yield. IJperoeot higher torn the forecast I < «LlHK<»stsor6.l9perceotThialssfterthe ;J>< property tniat turned tn a doubling of net r dfctrMtffe profit h>HK#»* million from ttfjnttU public ofelng forecset of HRttM million. Fcetime Half* maiden results opm94 words
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Article51 2003-11-20 4 HONG KOWG-BASB)aurthie Memkli hmnlm yesterday reported an 1L9 per oentjump In net profit to HE>Z7.9 million far the ssi isidyufOi Wi* iTBifl aooa a turnover crHKMMxBKmot 0OTM million) Thta compares with a turnover offOLNB million mid profit of HKgM.9 million in the previous corresponding quarter, the Singapore listed unit51 words
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60 2003-11-20 4 MAIN BOAJtD4JSTKDTTllitarawMonal yesterday said net prtltt tor the second quarter ended Sept 30 surged 4&£ per cent to f&M mftfcm. notwithstanding a seasonally weaker quarter. The group's profit growth was achieved on the back of a turnover of 1170.9 million, an increese of 9U million60 words
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Article, Illustration547 2003-11-20 4 Serena Ng - Beth Ishikawajima and Oei Hong Leong buy more shares in the company By Serena Ng A TUG-OF WAR for control appears to be shaping up at Jurong Engineering Ltd (JEL), after the group yesterday revealed its secondlargest shareholder, Ishika-wajima-Harima Heavy Industries, boughtFILE PHOTO - 547 words
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407 2003-11-20 4 Andrea Tan - By Andrea Tan OCBC-LJNKED United Engineers has emerged as the largest shareholder of beleaguered construction group Yongnam Holdings, after taking a chunk of shares under a scheme of arrangement UE now holds a 13.65 per cent stake, or some 59 million shares, in loss-making407 words
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419 2003-11-20 4 Andrea Tan - By Andrea Tan HEALTHCARE provider Parkway Holdings, which has been trying to get rid of its 37 per cent stake in Hong Kong-listed Lee Hing Developments for more than two years, has finally struck a deal to sell its shares back to419 words
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Article, Illustration458 2003-11-20 5 Kalpana Rashiwala - Improved results aided by new loan with lower rates, sale of KL space By Kalpana Rashiwala JUST three weeks after Tang Wee Sung proposed to privatise CK Tang, the listed retailer yesterday reported a significant fall in its first-half loss against the same periodFILE PHOTO - 458 words
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Article738 2003-11-20 5 kalpana rashiwala - HOCK lock siew kalpana rashiwala IS another retail icon set to disappear from the Singapore bourse? Barely have we taken in the shocking announcements from two major retail players that they could be delisting or privatising soon when market talk has emerged that retail738 words
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Article, Illustration601 2003-11-20 5 Advertising Feature DHL, the global market leader of international express and logistics, has launched Fast Forward. It is a revolutionary new service that brings greater efficiency and cost savings to Asia Pacific-based customers who ship heavy weight601 words
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432 2003-11-20 8 Taila Krishnakumar - Bright Orient offers shares at 270 each; Excelpoint lodges prospectus By Taila Krishnakumar AS Jackspeed Corp made one of the worst debuts this year, two other IPO aspirants emerged yesterday, undeterred by the current market setback which saw shares retreating despite positive economic and432 words
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237 2003-11-20 8 Taila Krishnakumar - By Taila Krishnakumar BOOSTED mainly by an exceptional gain of $25.7 million, Hong Leong Asia's net profit for the third quarter ended September soared almost five-fold to $39.5 million from $8.2 million. The exceptional gain for HLA, a Singapore-based maker of diesel237 words
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262 2003-11-20 8 Samuel Ee - By Samuel Ee DESPITE a one-time investment gain of $13 million, ComfortDelgro yesterday posted a 25 per cent year-on-year fall in net profit to $47.4 million for the third quarter ended September, dragged down by higher costs incurred by its mass rapid transit line and262 words
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Advertisement1099 2003-11-20 4 Meat Admissions Di radon of tin wovfcPs too MBA fdwftlf MWNU9WH* IrllwWwi# Singapore MBA Fair Saturday 22 nd November 13m-17km The Pin Pacific Hotel, 7 Raffles Boulevard, Marina Square Exdvsto Scholorsfiios Ftiadfno Advics JUBA Admissions GMAT SoMioor Mailttiair ia Maawiwar Strategy ft Saccess ia Asia A— M 1 H| CSaamam1,099 words
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Advertisement78 2003-11-20 4 Specialist Training in Investment Management f/ Geared to Practitioner needs Curriculum structured to help candidates gain CFA Intensive 4 week CFA Reviews specially geared to help candidates prepare for examination Cohort based program with completion in 24 months F aAtm New cohort starting in May 2004 Please call Linda at78 words
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Advertisement60 2003-11-20 5 ''f.Oeuodie Post Wortd Net hah expnas uomnes mAMa I BWA Y A?iM B LViwlwk^HO V'* *'•<-'/* I I t-3-7 v V ,;}V- 1./ J '"i y i.f ;v I I 1 V >l I i* I < ■-y 4* r I 8 |y:,ftv.r ••■:'< 7 t««4hU V K ->: k60 words
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Advertisement50 2003-11-20 5 1 I (/ft N i Qok \Q |Pf .1 -Co.^--Co. Let Tiffany Wrap Up Your Business Gifts Call *****848 for the new Tiffany for Business holiday gift catalogue Inside are classic gift ideas for your clients and colleagues. Tiffany&Co. SINGAPORE RAFFLES HOTEL ARCADE 63)4 0168 NCEE ANN CITY 6715 882}50 words
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SINGAPORE markets
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Article, Illustration537 2003-11-20 6 VEN SREENIVASAN - Compiled by VEN SREENIVASAN NQLNM n«Mcsu* THERE was news yesterday that the share overhang could be lower than expected, with CSFB owning only about 6.4 per cent of NOL. This might explain the rise in the share {Mice earlier in the trading day when the broad market wasSource: Bloomberg - 537 words
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Article, Illustration262 2003-11-20 6 Ven Sreenivasan - HOT STOCK WARRANT By Ven Sreenivasan WHILE other retailers continue to complain about thinning margins and sluggish business, Robinson has done what it does best boost profit and margins. The mainboard-listed retailer yesterday surprised the market yet again with strongSource: Bloomberg - 262 words
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Article, Illustration486 2003-11-20 6 r. sivanithy - BT comment STOCKS r. sivanithy WHEN rises of one or two cents are enough to earn stocks a place in the top 20 gainers list, you know traders haven't had a good day at the office. Despite the release of benign USSource: Bloomberg - 486 words
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Article, Illustration642 2003-11-20 6 larry wee - BT comment CURRENCIES Poor foods flows, import curbs take their toll on greenback larry wee THE already weak US dollar was dealt another horrible blow yesterday, after overnight reports of new US restrictions on the imports of Chinese textiles were made worseSource: Reuters - 642 words
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BROKERS' TAKE
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Article132 2003-11-20 6 HARD disk drive component supplier UniSteei Technology's executive chairman Bernard Toh and managing director George Poh sold a total of six million shares off-market at $1.30 per share on Tuesday, Nov 18. Mr Toh sold 5.2 million shares or a 2.15 per cent stake, and132 words
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Article, Illustration123 2003-11-20 6 "POPIAH king" Sam Goi (right) bought 1.1 million shares in Serial System on Tuesday, Nov 18, at 27.5 cents per share in the open market, raising his direct holding to 10.31 per cent or 31.16 million shares from 9.94 per cent On Monday,123 words
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62 2003-11-20 6 PHUA Siew Hua, also known as Chearn Siew Hua, who has been reducing her stake in furniture group Novena Holdings, yesterday sold her remaining 6.02 million shares in the open market for about 28.5 cents per share. These shares amounted to a 7.5 per cent62 words
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Article90 2003-11-20 6 SERENA NG - Compiled by SERENA NG ALEXANDER Eu Yee Kui, also known as Sandy Eu, is the latest director of MultiChem to have acquired shares in the precision drilling services provider and specialty chemicals distributor. Mr Eu, an independent director, yesterday bought 327,000 shares in the open market90 words
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Article, Illustration130 2003-11-20 6 OTHER SINGAPORE INDICES Nov 19 VALUE CLOSE -856.00 -33.00 irCMI -*****.00 -209.00 BTINglM -*****.00 -86.00 mntiM li 453.28 -7.80 168.90 +0.17 MirpWllfti 1415.42 -27.89 SBEjrtHMftM 418.32 -9.18 Waihpym 205.18 -3.85 t—ICI 204.20 -3.20 dab Taring prices are m trading currencies, but absolute dMrvnce »in St CURRENCIES Where S$ stands Nov130 words
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BLUE chips
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Article, Illustration1232 2003-11-20 7 SERENA NG - Venture —a cut above the rest Its CEO is a strong believer in balanced growth, reports SERENA NG SERENA NG MARGINS are not everything, at least in the case of Singapore's largest listed electronics manufacturing service provider Venture Corp, which has not failed to produce record annual profits for the1,232 words
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Advertisement158 2003-11-20 7 IlSMßifflG E »s c CORPORATE FINANCE ADVISORY T fV 1 AT WM INTERNATIONAL FUNDS/—I LUlftL UIIUO MERGERSI 2OO3SOPIIMI mm mi suns ffl&m BROKERAGE WORLDWIDE 1 SPIN-OFFS NETWORK L———i (I BPWVEN MMWjB Benefiting from its global network and local knowledge, SBI E2-Capital has been named "The Best Local Brokerage in Hong158 words
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Article, Illustration1061 2003-11-20 8 Transaction date: Nov 19 AH-** Marts > a Short: 1 3 n L«ff > 3 m aTTBRBAMK CROSS RATES AS c$ 6M ftro m im m Ml M2$ Nfcte Nw ss t— Sfr wt> QMt us$ Austrab 0.940 5.998 0.605 5.605 32.926 ***** 0.781 8305 2.746 1.136 ***** 40.0T11,061 words
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Article1496 2003-11-20 8 grooMFirrmuBB Nov 19 IWKX FMra (CM* pita) tSS1 (SccnbAo) CteM Votonw Open Mowtii rwQh LOW 5tt (touts) MttftSt Dec 03 205.00 Jan 04 204.00 F«b04 204.50 Mv 04 205.00 RSS3(USceatsfa) VolMt Open Moatfe High Low Sett (tonnes) Merest Dec 03 ***** 2250 Jm 04 M150 TT6.00 t!725 3875 26751,496 words
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Advertisement243 2003-11-20 9 (1 SET LUNCH IS Daily from $25 (two course), $28 (three course) JIOPSMRIH iJI set d|nner u9h Daily from $42 (three course) EXCELLENT CUISINE BREATHTAKING VIEWS Restaurant 360 opens: (Lunch) mon 12-2pm, (Dinner) mon sat Every Wednesday FREEFORM Hip hop/r n b/nu beats/trip hop and one for one all night243 words
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EXECUTIVE suite
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622 2003-11-20 10 Shoeb Kagda - Pent-up demand, excess liquidity caused by falling interest rates contributing to upswing From Shoeb Kagda in Jakarta LED by a surge in condo developments in Jakarta, Indonesia's property market is reawakening from years of slumber since the 1997 financial crisis. Property sources say622 words
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Article, Illustration348 2003-11-20 10 Kalpana Rashiwala - By Kalpana Rashiwala SERVICED apartment operator The Ascott is stepping up its presence in Australia in response to growing international business in this market. The Capita Land subsidiary is launching 565 new serviced apartments in six properties under its uppertier Somerset brand. They comprise two348 words
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Page 10 Advertisements
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Advertisement114 2003-11-20 10 Exclusive Freehold Apartments For Sale Enbloc at Ewe Boon Road 10 apartment units only 1 unit J Walking distance to top local schools L Iy\/\ and clubs \Qflff* illlgii Well-leased with quality finishes £7 —aOgsr od V Swimming pool/facilities y\/y Total Site Area 10,460.8 sq ft f Interested parties, call114 words
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SINGAPORE news
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201 2003-11-20 11 Samuel Ee - EYE on the economy coes By Samuel Ee COE premiums for small cars rebounded slightly after slipping in the last two rounds as price cuts lured buyers back into the showrooms. In yesterday's COE tender exercise, the premium for Category A, or cars below201 words
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163 2003-11-20 11 SINGAPORE and Malaysia will hold talks centring on implementing the order handed down by the International Tribunal for the Law of the Sea on Oct 8 relating to the dispute over the republic's land reclamation of a site south of Pulau Tekong. The two delegations163 words
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Article, Illustration596 2003-11-20 11 Raju Chellam - S'pore plan to capitalise on digital entertainment will create more jobs, add to GDP By Raju Chellam COMING soon to a theatre near you: digital cinema. The promise: ultra-high resolution images, digital surround sound and superpixellated animation all from a dedicated computer server. That'sCHRIS LOH - 596 words
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Article127 2003-11-20 11 THOSE who make voluntary contributions to their Central Provident Fund (CPF) accounts will see lower limits from Jan 1, 2004. With the changes in the long-term CPF contribution rate and lower salary ceiling effective in October, the new limit will be $23,760 (or 12 months x127 words
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349 2003-11-20 11 Chen Huifen - Winning brands worth $8b, up from $7.7b last year By Chen Huifen SINGTEL remains the most valuable local brand with a valuation that is more than twice that of its closest competitor in the Singapore Brand Awards 2003. It topped the349 words
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Advertisement644 2003-11-20 11 notices In the matter of The Companies Act, Cap. 50 And In the Matter of rTO-SIN INDUSTRIAL PTE. LTD. jIAIVTOKV DECLARATION BY DIUCTOAS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON Of rTS LIABILITIES We, KWEK Al KHIM, ELSIE of 441 Upper East Coat* Rood #06-03 Singapore *****6, NRIC No.644 words
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Advertisement620 2003-11-20 11 CWT DISTRIBUTION LIMITED Announcement Third Quarter 2003 Results The Directors of CWT Distribution Limited wish to nuke the following announcements UNAUDITED RESULTS FOR THE QUARTER ENDED 30 SEPTEMBER 2003 GROUP Quarter ended 30 September 2003 2002* SS'OOO SS'OOO Chng Revenue 58,763 41.842 40.4 Cost of sales (51.974) (34,125) 52.3 Gross620 words
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Advertisement301 2003-11-20 11 High Commission of India presents Wazuun THE KASHMIRI CUISINE AT TIFFIN ROOM Kashmiri cuisine offers an extensive unique and sumptuous variety of both vegetarian and nonvegetarian delicacies. Experience the Kashmiri cuisine here in Singapore from 21 to 28 November 2003, as 'tLxaAMlk the High Commission of India brings you for301 words
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EDITORIAL & opinion
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Article, Illustration758 2003-11-20 12 nell behrmann - THE bottom line OPINION nell behrmann THE era of low oil prices is over. The Middle Eastern cauldron is seeing to that Uncertainty about long-term future supplies has built in a large risk premium into oil prices in a world in which China758 words
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Article50 2003-11-20 12 'I like being the head of PDIP, but I am tired of looking out for these thugs.' Megawati Sukarnoputri Indonesia's president, lashing out at members of her own party in an apparent attempt to rein in corrupt cadres seen as a hindrance to her re-election in 2004.50 words
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Article652 2003-11-20 12 EDITORIAL SUCH are the seeming paradoxes in macroeconomics: Just when the economy is finally showing signs of turning around, the jobless rate has shot up to an 18-year high of 5.9 per cent But there are ready explanations about what's going on, quite apart from the652 words
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Article, Illustration1156 2003-11-20 12 Anthony Rowley - Market players across the region now appear as keen as government officials are to get the market up and running From Anthony Rowley in Tokyo FOR years, Asian policymakers have talked of developing a regional bond market but little emerged by way ofAFP - 1,156 words
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Article420 2003-11-20 12 COMMENTARY Eradicating it will take longer than Thaksin thinks Editorial in the Bangkok Post PRIME Minister Thaksin Shinawatra's less-than-gra-cious reaction to critics of his poverty eradication plan showed once again his refusal to allow any participation in policymaking beyond his inner circle of advisers and ministers.Editorial in the Bangkok Post - 420 words
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Page 12 Miscellaneous
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Miscellaneous278 2003-11-20 12 CRYPTIC CROSSWORD 7 Water-supplies restricted must be used judiciously I I I I I L 8 Takes special order for meat (5) 11 Pretty rural cottage providing a home for a story-writer "llmb 12 City requiring a certain level of inflation (4) Times for levelling with head 15 Putting intelligence278 words
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REGION world
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Article, Illustration742 2003-11-20 13 BEIJING It says US move lacks transparency and violates free trade principles Bloomberg CHINA plans to appeal against US curbs on textile imports at the World Trade Organization and scrapped a visit to Chicago to discuss soybean purchases, signalingBloomberg; REUTERS - 742 words
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WORLD Watch
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Article119 2003-11-20 13 Bloomberg [WASHINGTON] US housing starts unexpectedly rose In October to the highest in almost 18 years, supported by mortgage rates that have helped engender record sales, a government report showed. Builders began work (Hi 1.96 million homes at an annual rate last month,Bloomberg - 119 words
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77 2003-11-20 13 Reuters [JAKARTA] A main suspect in a multimillion dollar export credit scandal affecting Indonesia's second-largest bank has been detained, police said yesterday. PT Bank Negara Indonesia Tt>k (BNI) has made provisions of 941 billion rupiah (SslBB million) to cover possible losses linked to theReuters - 77 words
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87 2003-11-20 13 Reuters [BANGKOK] Thai Airways International said yesterday it plans to raise 14.25 billion baht (Ss6ll million) this week from a long delayed public offer of 285 million new shares in a partial privatisation. The Finance Ministry will also sell 100 million sharesReuters - 87 words
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85 2003-11-20 13 Reuters [JAKARTA] Mining firms, mostly foreign, could have grounds for suits against the Indonesian government worth US$3l.5 billion for violation of contracts after ratification of a forestry law in 1999, a minister said yesterday. 'Total estimates of potential litigation by 22 mining companies isReuters - 85 words
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87 2003-11-20 13 Bloomberg [TOKYO] Japan plans to place about US$99 million worth of tariffs on US imports, Japanese trade officials said, after the World Trade Organization last week found that US duties on Japanese steel imports were illegal. Japan will notify the WTO of itsBloomberg - 87 words
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76 2003-11-20 13 Reuters [FRANKFURT] The global biotechnology industry raised more money by the end of September than in the whole 0f2002 but a revival in Europe, which remains weak, could be more than six months away, industry analysts said on Tuesday. Accounting firm Ernst Young said biotechReuters - 76 words
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Article, Illustration447 2003-11-20 13 NEW YORK NYT THE coming battle over mutual fund regulation may well end up focusing not on trading abuses, which are now the subject of regulatory action, but on the fees and costs that funds charge investors. Much may hinge onNYT - 447 words
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340 2003-11-20 13 NEW YORK 30% of Genworth Financial will be sold in IPO in 2004 NYT, Reuters, Bloomberg GENERAL Electric, struggling to climb back to dou-ble-digit earnings growth, announced a plan on Tuesday to spin off most of its life insurance and mortgage insurance business nextNYT,; Reuters,; Bloomberg - 340 words
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190 2003-11-20 13 WASHINGTON AFP THE International Monetary Fund (IMF) said yesterday that China's currency does not appear "substantiaUy undervalued" and that a currency change would probably have little impact on global trade imbalances. The comments by the IMF, in a report following annual consultations with China, flewAFP - 190 words
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362 2003-11-20 13 Diana Ooa Abdullah - Full-year growth will be above 4.5%, says central bank From Diana Ooa Abdullah in Kuala Lumpur MALAYSIA'S gross domestic product (GDP) expanded by a better than expected 5.1 per cent in the third quarter, making it "very likely that overall growth for the362 words
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353 2003-11-20 13 Amit Roy Choudhury - SINGAPORE By Amit Roy Choudhury A SURVEY shows Singapore companies on average spend 16 per cent of their total information technology (IT) budgets on information security. This figure is higher than the 11 per cent average for Asia-Pacific as a whole, according353 words
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Page 13 Advertisements
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Advertisement109 2003-11-20 13 Our qyiMlid J can assist ywi and MH frlswJr tatantts VKVTRIVITTT^^iinBs --Eaiwa-—- j Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection ft estate planning. For further information and immediate service please contact Marie Lim or John Ash wood109 words
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Advertisement19 2003-11-20 14 A master of cooking. Or one who just knows his carats. A Get the expert. pw Call 1800 *****2219 words
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Article791 2003-11-20 14 Transaction date: Nov 19 fcd— a— a—f. MM w Qow riim MMISOi 0 40 10JO -0 020 0* 2X130 0070 CK 0.7i 5.900 4.100 OCK «M 11 500 0500 CapaULjnd 1.10 14)0 -OOCO out 041 6700 -CI 00 Ourt ScovCond 26( 1J4 1490 00CO Parkway H 25c 0.50 0570791 words
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Article546 2003-11-20 14 BONDS WARRANTS Tel LMt Vri CM* lav cm» utm *m- rmm w hg u» mm astiwmoui as unch t 1.71 7 3«7 AonaUdVMMIIIO 1 1 50 437 950 12 MO Amtek VW***** 115 21 1 33 J 131 19 *03 Armstrong W*****0 IS 1 10 10 2.15 6 3CB •ouMMdWOOKU546 words
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WORLD news
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Article, Illustration495 2003-11-20 15 TUSCON, Arizona With 'slack' in production, labour markets, low inflation, Fed can keep rate steady Reuters GOING a step further than some of his central bank colleagues, San Francisco Fed president Robert Parry said on Tuesday that he couldn't quibble with the market viewReuters - 495 words
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254 2003-11-20 15 NEW YORK Firms responsible for their con tinned existence, he warns Reuters TIJE top US audit regulator on Tuesday said he had privately warned the Big Four accounting firms against thinking they are too big to fail, despite fearsReuters - 254 words
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Article68 2003-11-20 15 S« M Laat M Day L1Q—« GrtMv M« ClVH MM MCa L— CW Cimhi M» W- r— t— S«fcr Cw Wt in RW Duocufc UUOCOod 2120 9300 1750 3740 W* BDJUSTadl U&I740 6097 ISMSOSpora US555 6101 ISS4K00_ USB70 96W «C 6170 VOttS IKSBO M0 1«6 1230 035 mm68 words
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Article1697 2003-11-20 15 SHk M lal M II qn Mb Mr WW M "Cm Urn cada o II, I I id» W- cm t— (ajar i*> Cw w If 73 SOtO AMHktaSc 1* 1 78 19 18 18 19 34 7 42 12 9 2101 APCMSc 28 5 -O S 2121,697 words
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Article218 2003-11-20 15 SHft M UM M Lai Qaati Mb M> (rtM IM MCap Cmmmm Sw- W U. f Mr »C% > li IB r 4000 AVJenrwigi A25c AWod und< 11 M3 WO 179 113 40 M 53 M 3BJ (001 C*tw,HcX* HK720 J' 2£ m 8 S 55 US75-5 11.1218 words
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Best Managed Board
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Article, Illustration878 2003-11-20 16 JOYCE KOH - Getting the board to work well with management is key factor to success, reports JOYCE KOH JOYCE KOH GOOD corporate governance can only come about if companies make it the centrepiece of their business philosophy. Take DBS Bank, winner of the inaugural Best Managed Board Award.FILE PHOTO - 878 words
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737 2003-11-20 16 BRAD ORGILL - By BRAD ORGILL SINGAPORE'S Best Managed Board Awards could hardly have taken shape at a more opportune time. Around the world, the issue of how companies are managed has come under scrutiny in the wake of scandals like Enron. So what exactly is corporate governance737 words
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Article, Illustration519 2003-11-20 16 KENNETH LIM - By KENNETH LIM LARGE companies may be able to offer directors better pay and prestige, but good leaders should not be driven by such rewards alone, say the two smaller companies that received special mention in this year's inaugural Best Managed Board Awards. Rather, the bosses519 words
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Advertisement15 2003-11-20 16 .'V ■3b J^* «■**> ppf pppnl jf 1 Singapore Technologies shaping the future of engineering Engineering15 words
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Advertisement10 2003-11-20 17 ÜBS congratulates the winners of the Best Managed Boards Award.10 words
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BIZIT
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Article, Illustration684 2003-11-20 18 Raju Chellam - Planned portable push in the Asia Pac region helped by rising global demand By Raju Chellam US infotech giant Dell Computer Corp plans to push its notebook computers more aggressively in the Asia-Pacific region in the next few quarters. It will also offer moreFILE PHOTO - 684 words
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Article, Illustration748 2003-11-20 18 kenneth james - IT comment INFOTECH Make your best guess armed with latest reports from IDC, Gartner and others kenneth james SO is it or is it not, happening? More than two years into one of the infocomm sector's worst-ever downturns, there are indications that things748 words
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Advertisement160 2003-11-20 18 Where to wine, dine and entertain... Upstairs Harry's Upstairs Harry's provide the perfect setting for your next corporate function. Be it a formal corporate function or a year end celebration, Upstairs Harry's is the perfect place to unwind. Sit back and relax on comfortable sofas and enjoy the evening. Call160 words
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Advertisement234 2003-11-20 18 NOW TILL 24 NOVEMBER 2003 iK v Dinner (6.00pm to 10.30pm) Ss32.oo+++ (Adult) it <331 (Child) Prices subject to 10X service charge and prevailing government taxes No pert, no lord > Mote Female prayer rooms ovcutatxe > PLEASE CALL 6311 81 N Preferred Business Class Hotel \w 76 Brat Baaah234 words
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Advertisement37 2003-11-20 18 MERITUS MANDARIN SINGAPORE MULTI AWARD-WINNING MANDARIN CHICKEN RICE Come, savour Singapore's favourite dish and other delights anytime. Reservations: *****291 PVV Ul MERITUS MANDARIN t»tU 333 Orchard Road, Singapore *****7 "let: +65 6737 4411. Fax: +65 6732 2361.37 words
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SHIPPING TIMES
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Article260 2003-11-20 19 Reuters THE Baltic Dry Index fell 20V>ints to 4026, the Baltic Capesize Index fell 42 points to 5867, the Baltic Panamax Index rose 3 points to 3811 and the Baltic Handymax Index fell 190 points to *****. TDI&CHABTEB: Johnny K (built 1994) *****0 dwt delivery Baoshan 29/30 NovemberReuters - 260 words
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Article273 2003-11-20 19 SGX '000 Wo»H SS W- Vol CH Offshore 0.35 -0-01 260 ChuanHup 049 -0.01 2077 Cosco Investment 0.56 -0.01 3198 CWTDiMibution.. 0.56 unch 0 EcaHldgs .0.99 unch 1057 FreirfitSiki .0.09 -0.01 303 GB Hokjings 0.69 unch 0 JayaHottngi 0.81 -aOI 2201 K< Venture 023 i«h 569 fappelCorp .5.45273 words
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693 2003-11-20 19 Beth Jinks - India port may get 11b rupee investment for container terminals; port official By Beth Jinks [SINGAPORE] Planned upgrading of India's privately-run Pipavav Port, in which PSA Corporation holds a stake, could involve 11 billion rupee (*****.6 million) worth of investment to transform the predominantly693 words
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Article, Illustration77 2003-11-20 19 [KARACHI, Pakistan] A small fishing boat (left) sailing near the half-submerged Greek registered oil tanker Tasman Spirit, which split in two after running aground on July 27 off Karachi port. Pakistani port authorities said they would soon put out a tender to removeAFP - 77 words
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380 2003-11-20 19 Beth Jinks - Total of 13.6m TEUs handled by PSA, Jurong in first 9 months By Beth Jinks [SINGAPORE] Singapore's ports enjoyed 7.3 per cent container throughput growth and 2 per cent total cargo growth in the first nine months of this year, figures released by380 words
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260 2003-11-20 19 AP [BRUSSELS] The European Union agreed with the United States to tighten scans of US-bound containers at seaports to prevent weapons smuggling by terrorists. "This is an important step forward," said Frits Bolkestein, the EU customs commissioner, who signedAP - 260 words
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SHIPPING news
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Article, Illustration535 2003-11-20 20 Higher shipping volumes, robust performance of Virgin Blue behind increase Reuters [MELBOURNE] Australian transport group Patrick Corp posted a near 50 per cent rise in annual profit yesterday due to a surge in shipping volumes through its ports and strong earnings from discountReuters; AFP - 535 words
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Article, Illustration423 2003-11-20 20 Reuters [COPENHAGEN] Maersk Mc-Kinney Moeller, rated as Denmark's richest and second most powerful man after the prime minister, retires next month, aged 90, after almost 30 years at the helm of the country's biggest private enterprise, shipping and oil group AP Moeller-Maersk.Reuters - 423 words
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SHIPS IN PORT
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Article762 2003-11-20 25 Vessel Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ARDMORE LB210 J17/18 A/SIDE 19/11 0200 ATLANTIS 7 A7174 J3 A/SIDE 19/11 0700 CMACGMTUC 16SA J18/19 A/SIDE 19/11 0300 CRYSTAL SUN ***** J4 A/SIDE 19/11 0600 JTONG 0313 J7/8 A/SIDE 19/11 2359 NIAGA55 04/03 J7 A/SIDE 19/*****0 OC PARADISE762 words
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Article131 2003-11-20 25 Nov 25 Singapore: Hari Raya Puasa. Malaysia: Hari Raya Puasa. Dec 5 Thailand: King's Birthday. Deo 10 Thailand: Constitution Day. Dec 23 Japan: Emperor's Birthday. Dec 25 Singapore: Christmas Day. Philippines: Christmas Day. Malaysia: Christmas Day. Korea: Christmas Day. Hongkong: Christmas Day. Australia: Christmas Day. Brazil: Christmas Day.131 words
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Article450 2003-11-20 25 THIS report, compiled by Cockett Ma rine 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 averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and the450 words
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Article20 2003-11-20 25 TNa r»nrt to m u±j uajSK 2u!^!!!in Mr fc—i'^r■TMCsiir?TiS!w«i l piSS£S< fc SW«ST2S!M^^ rri'i'iim'.KmAotig'jMfcpi I'lM'MT"^*"* !KSra^SSSiKSS3S3K^20 words
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AIR & LAND transport
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531 2003-11-20 26 It means HK'S Dragonair won't be able to start flights to Sydney soon Bloomberg [CANBERRA] Qantas Airways will have to postpone plans to carry passengers to Europe from Hong Kong, while Cathay Pacific Airways won't be able to fly between SydneyBloomberg - 531 words
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160 2003-11-20 26 Reuters [BRUSSELS] Nine airline associations blasted costs imposed on airlines by unregulated or poorly regulated monopoly service providers, such as airports or air traffic controllers. "Where those entities have been privatised, profit margins irrespective of market reality are virtually guaranteed, where they areReuters - 160 words
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Article239 2003-11-20 26 Bloomberg China Airlines, Taiwan's largest carrier, said it may join the Sky Team alliance, extending its passenger partnerships with Delta Air Lines and Alitalia, which are part of the sixmember airline group. Joining the group will allow China Airlines to share resources with partners andBloomberg - 239 words
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Article182 2003-11-20 26 Reuters [PRAGUE] Czech stateowned airline CSA, looking to increase its importance as a regional hub operator in the former east European communist bloc, said it will expand its list of destinations next year by five. The airline said in a statement it plans to addReuters - 182 words
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LOG Book
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98 2003-11-20 26 Reuters [CHICAGO] Atlantic Coast Airlines said it had reached a tentative deal to acquire 25 Airbus narrow-body jets to support its plan to start a low-fare carrier. The deal calls for a binding memorandum of understanding to acquire 10 A3l9s and five A32os fromReuters - 98 words
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82 2003-11-20 26 AFP [HANOI] Vietnam Airlines will begin flights to Frankfurt with a stop-over in Moscow in early January using its recently acquired Boeing 777-200ER aircraft, a company spokesman said yesterday. "If everything is fine, we will start a twice weekly service on Tuesdays and Fridays,"AFP - 82 words
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Article, Illustration57 2003-11-20 26 AP [LE BOURGET, France] A woman demonstrating the US-built GE lon Track EntryScan3, a walk-through vapour and particle detection portal which uses the natural human convection to search for explosives. The demonstration took place on the opening day of the Milipol 2003 exhibition of internal state security,AP - 57 words
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157 2003-11-20 26 Anex-Antara (JAKARTA] India has offered all airlines of Asean countries, including Indonesia, the facility of daily service to its metropolitan cities like New Delhi, Mumbai, Kolkata and Chennai. According to the Indian Embassy in Jakarta in its press statement made available toAnex-Antara - 157 words
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Article93 2003-11-20 26 Bloomberg [DUBAI] Emirates, the largest Arab airline, will say next month whether RollsRoyce or Engine Alliance has won a US$l.5 billion contract to provide engines for its Airbus A3BO planes. The Dubai-based carrier will say at an air show in the sheikhdom from Dec 7Bloomberg - 93 words
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Article, Illustration434 2003-11-20 26 Carrier scheduled for operations in May: CEO Bloomberg (SYDNEY] Qantas Airways Ltd's new discount unit, scheduled to start operations in May, will open for bookings in February, chief executive Geoff Dixon said. The board of Sydneybased Qantas, Australia's largest airline, isBloomberg - 434 words
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Article383 2003-11-20 26 AtRUNE cooes M Amercer Artnes IMLJ Af Ar france (AfR). Al Ar Inda IMC). AY Fmer Of (UNI. Al MM Artnes (AM. BA H» Armys Puttc UdCo (SAW). BG Bener SraMWi Arlrm (BBC) Bt Royal Brunei Artnes Sttißht(RßA) BO BouraQ Artnes (BOU) BR EVA Ametys Capn383 words
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Page 19 Advertisements
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Advertisement38 2003-11-20 19 Qantas discount ■"VPVVWM unit to start ■«ll K1 li*llr«B tirhri mlnir UWMJI 3HW9 in Feb RMMM tafia's big ■ullailA cities open up KnXmSa toAsean «l» Biles H||||jga| Back Page Patrick Corp's annual profit up nearly 50% Page 238 words
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Advertisement77 2003-11-20 19 Now Till Revolution Takes Place Once Every Fortnight. The first fortnightly liner service for project and heavy lift cargo Our Round-The-Worid Pearl String Service sets new standards in the industry! It the punctuality and regularity of a service with flexibility and care for the transportation project and heavy lift cargoes.77 words
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Page 20 Advertisements
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Advertisement690 2003-11-20 20 I IMPORT I I NORTH AMERICA 111 AUSTRALIA!NEW ZEALAND «UI'UHIMIILELHPHtM(mq [AUSTRALIA ASIA EXPRESS (AAXJ VESSEL VOY IGI SIN KG ill 111 ooacMiQMH ima os/ii «7ii J* 5L_ J«_ _«L_ HO NEDU.OYD SOUTHAMPTON 37W45 11/11 30/11 02/12 1V M/ OOCL OfINA 44W44 It/11 07/12 09/12 W/ II: Vri OCT V73W30 mM690 words
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Advertisement467 2003-11-20 20 8. servxas represented by is«sKsi Mam n R »9 islr y tJCgyi' Accredited Shipping Agents, Singapore Shipping Associcrfion Members of the •'••Si- Singapore Logistics Association gjj| ULY UNE MALE VOY KBA ETA P. KLAMC vm MALI Empress Lity 0603 22/11 24/11 03/12 Mold Carrier 7A3 A 29/11 01/12 10/12 Princess467 words
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Advertisement996 2003-11-20 21 TO USA (SAX SBVKE) VKSa Wf SlEtt Ul W Mi HOD CHI Cot MM «1 NTC AW.ENGUNP 1231 03/12 11/11 22/12 23/12 23/12 23/12 23/12 23/H 26/12 26/12 Aft CANADA 11H 10/12 25/12 29/12 29/12 29/12 29/12 29/12 29/12 01/01 01/01 API SCOTUND 1221 17/12 01/01 05/01 04/01 06/01 06/01996 words
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Advertisement963 2003-11-20 21 GENERAL AGENTS IN SINGAPORE SO ROBINSON HO #12-00 SAIE& BKGS TE. 6420 5857 /43 FAX 6238 5321/24 COSTAR SHIPPING PTE LTD SWGAPOPE *****6 OUTWWW *****802 6238 5325/75 CflNO **********0 M TH. 8226 1900 (MAN) 6420 5786 6238 5319/49 T/SHPOEP 6420 5825 6238 53W46 AJNOFTS OwCE CONVENTIONAL 6420 5850 *****208 COSTAR963 words
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Advertisement448 2003-11-20 21 VBSB VOT SW PGU HCM HKG' IYH PUS VBSfl VOY SW KG mZzliiilMMMM "w mr~ HOUtS 013N 02/12 03/1? 05/1? Of/12 13/1? 13/1? PHTMWIOCC 042 A 04/12 04/1? jfKAQWU *****1 0/12 10/1? 13/1? 14/1? ?0/l? 20/T?] NEWDYWAMIC 049 A I 11/1? I 13/1? TStcMqbMi Art lAte port VBSB VOY PKG448 words
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Advertisement549 2003-11-20 22 flßl ftCI AA A OHIQU—WOOWNOtt ******44 FAX: *****433 I MAM.: iHliiMiXlfc—CW M K2l UCLIYI/IO DOCUMINTATKMM/OMRATK>NS: *****437 FAX: *****177 m■ Ivesa Ivor wmgm wnnuw lihavii I pmi BS cooom !nr wu *m iMf"i ?m ai/i? n/n 3 m 0141 MI 17M nm ot/oi 31/12 IScmUm* Ssi S/ii M7tl w/uI 0575) TWi549 words
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Advertisement609 2003-11-20 22 WXWAN HAI LINES V Tat (***** M Fax: 6224 1103 v S| •*< w- ks^ $■>.*- •>' ?T INTRODUCING:-*^^ NEW WEEKLY EXPRESS SERVICE TO: NHAVA SHEVA CALLIN\SIN EVERY WEDNESDAY PUSAN SHANGHAI CALLING SIN EVERY FRIDAY T 4 "i r-s'S >'** For mora details, call HOTLINE: 6226 1588 1800-*****00 lP W609 words
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Advertisement412 2003-11-20 22 BSA x MYANMA ■H FIVE STAR UNE (MVMMT HNM UM) iMirfhf for YaafM vissa vor pii n kii PAGAN 321W fll MPA-AN Mm 510 IN KAUTSUL IOIKTIAB SHIPPING AGCIKIf 5 KM: 03-*****)00 PIL 03-317*4101 04-2****** ACCEPTIB6 COiVEiTIOIAi CflO VDSa VOT H*G SM PGH Pll KIK TUHB OttUHT I SUI SLD412 words
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Advertisement1272 2003-11-20 23 I VESSEL VOY KHH HKO I SIN I PKL I DX» I IM4M MK WAN LOMSTAN PCUOII SKIP SKIP 32/11 21/11 01/12 02/12 08/12 10/12 KAN SATTAKI PCLBOI2 SKIP SKIP 25/11 24/11 04/12 09/12 11/12 13/12 CAP! mo PC ISO 13 SKIP SKIP 29/11 23/11 07/12 03/12 14/12 16/12 MAN1,272 words
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Advertisement625 2003-11-20 23 A RSI k UK CONTINENT SERVICE LxMdkrigtor GOKCAN RTM/ATW/BMN/UK/NAN KALMA RTM/ATW/BMN/UK/NAN Load* StngapOTß. EVW Mataym Indonen MIDDLE-EAST SERVICE LoacSngtor J FRIEND DBI/ABU/DOH/BRN/DMM/KWT RAVENA DBI/ABU/DOH/BRN/DMM/KWT J SAFE ADN/HDD/JDH toads Singapore, E7W Mataym IndonaM USA SERVICE Loading tor SEABEE CAM/NFK/SAV/NOL "Loads EVW Malaysia, Indonesia F.E./S.E.A. SERVICES Spore Loadbig tor ORCHID INC/BSN J625 words
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Advertisement678 2003-11-20 23 ypsa m at pcu _msa jm sn m jeose* 11/lJ 20/11 rttMU P102; 10/11 H/ii PAC3AMPA una azu 21/11 MMiIiWT an 21/11 m/ii HCMy m* n/]\ a/11 -EKillll um 17/11 w/11 *cm»* P/trr to/n njmhm un »/n w/n P*»AOM ihm 22/11 2s/n PACIAMDA IM7N 14/11 17/11 ■pxiamm ma m tiu678 words
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Advertisement53 2003-11-20 24 Here Comes A New Service-to So.uth Piacific lslands?x v *V, SUVA, LAUTOKE (FIJI) S^^m(TAtl!T!)A i «r Jl. j Check it out on Page 3,hipping Times Regular Liner Break-bulk Service to Australia, Papua New Guinea A New Weekly Express Service to NHAVA SHEVA, India has just been inaugurated. Turn to Page53 words
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Page 25 Miscellaneous
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Miscellaneous123 2003-11-20 25 i FOR 7AM 20 Nov 2003 J ytfr /fi Issued by Meteorological Service Division.NEA LEGEND: Thunderstorm Wind speed symbols \7 Showers Fu circle w/o line indicates calm or light and variable winds R a j n One half fleche represents 5 knots Cloudy Day -One full fleche represents 10 knots123 words
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