The Business Times, 10 July 1993
1993-07-10
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The Business Times
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Title Section14 1993-07-10 1 Business Times WE KNOW ASIA MITA (P) 552/12/92 Weekend Edition, July 10-11 1993 75'14 words
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722 1993-07-10 1 A J Leow - By A J Leow SINGAPORE Hoteliers believe business will continue to improve in the second half of the year, but average room rates are cxpcctcd to rcma n flat. Occupancy usually picks up in the second six months, but the gain could722 words
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542 1993-07-10 1 Anthony Rowley - TOKYO SUMMIT 1993 From Anthony Rowley in TOKYO LEADERS of the world's major industrialised nations yesterday pledged to take the brave way out of their mounting problems of slow growth and rising unemployment by rejecting protectionism and by launching bold542 words
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194 1993-07-10 1 AP, Reuter HONGKONG China's embattled president and prime minister will cut their duties as host to foreign guests and focus instead on problems at home, a China-run newspaper here said yesterday. President Jiang Zemin and Premier Li Peng will no longerAP,; Reuter - 194 words
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454 1993-07-10 1 Catherine Ong - From Catherine Ong in HONGKONG CHINA has agreed to speed up negotiations with Britain on Hongkong's political future and give the go-ahead for the first phase of a 11K52.8 billion (SSSBS million) reclamation projcct in the colony, British Foreign Secretary Douglas llurd said yesterday. He454 words
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389 1993-07-10 1 S N Vasuki - By S N Vasuki SINGAPORE Rajan Pillai's long drawn legal battle with his partners drew to a close yesterday with the Singapore courts discharging Arthur Andersen as receivers and managers of Drittania Industries Ptc Ltd (BIPL), the Singapore-based holding company. The stage389 words
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2am LATEST
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57 1993-07-10 1 Reuter BELGRADE Serbian President Slobodan Milosevic pardoned and ordered the release of jailed opposition leader Vuk Draskovic and his wife Danica yesterday, Serbian state-run television reported. Doctors had warned that Mr Draskovic, head of Serbia's biggest opposition group, the Serbian Renewal Movement, was in danger ofReuter - 57 words
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88 1993-07-10 1 UPI BONN Germany's 1994 draft budget, leaked yesterday, foresees a 4.4 per cent inercasc to 478.8 billion deutsehemarks (*****.5 billion) in government expenditure. New debt will drop slightly to 67.5 billion marks from this year's 67.6 billion marks. In a reflection of the difficultUPI - 88 words
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63 1993-07-10 1 MOSCOW Russia's government warned yesterday it would clamp down on the powerful Sverdlovsk region after it proclaimed itself the Urals republic last week. Interfax news agency quoted Deputy Prime Minister Sergei Shakhrai as saying the leader of Sverdlovsk region would be sacked. Moscow63 words
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Article, Illustration117 1993-07-10 1 Stack market indices KrMay Chmmgt STII 1.797.61 -4.67 KLSE Composite 728.05 -5.93 Nikkei 19.877.39 +188 72 Hang Seng 7.070.61 -51.78 St I Index 907.64 +9.11 Jakarta otnposile ...359.67 -0 46 CLSA I'hina B 856 61 -15.91 Ausi All Od 1.782.9 +0.4 FISE 100 2.843.2 -2.7 FrMay Previmn Ipm117 words
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Page 1 Advertisements
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Advertisement24 1993-07-10 1 Lifestyle Cover Story el i Music made in Singapore Opinions: The Insignificant Seven, EL 2 US may yet reach deal with Japan, Back Page24 words
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Advertisement22 1993-07-10 1 Personal Finance el s Medical insurance survey lOpc fall in Japanese travellers expected, Page 2 Beijing curbs irregular interbank lending. Page 322 words
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Advertisement347 1993-07-10 1 Hock Lock Siew pg The hottest property itokks 7rai>e/ iwtes el 6 Summer in Finland r Only when function and style combine perfectly DOES A GREAT CLASSIC EMERGE. The Dual Time is equipped uith an autumatu movement mduatmn the date and thepouvr reserte B.\ 256HS 0002 Also atxtilahU' in platinum347 words
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Advertisement50 1993-07-10 1 CONTENTS News Cotpmlm SjweNews 2 S'poreJfTsa 5.6 Seconal News 3 financial 7 Worid News Features Martwts n a«, 5 Oob/wst. ses 11.12 Reviews 116,7 Re®onal 9 Sports 13.14 World 9 TV, Ratio Ul2 Cwrenoe 7 faoa 15 Smei/Commo J «Mb»uipUow Tel 1800-*****77 Fn *****75 BT Editorial Tel *****18 Fa *****7150 words
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SINGAPORE NEWS
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NEWS ROUNDUP
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Article47 1993-07-10 2 THE Public Works Department has begun a $2.49 million project to upgrade walkways in River Valley Road, Hill Street and High Street. The work which will involve new drains, traffic signs and bus shelters is expected to be completed by next May.47 words
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Article60 1993-07-10 2 THE Takashimaya Shopping Centre at Orchard Road, which opens next month, will include a fitness club. The $5.5 million club, occupying 200 sq m on the fourth floor of the complex, will have state-of-the-art facilities. It ofTers seven different types of membership. Among them is the60 words
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Article59 1993-07-10 2 A TOTAL of 25 young Singaporeans have been awarded GlaxoEDB scholarships to pursue their undergraduate and postgraduate studies in top universities around the world. At the presentation ceremony held at the Raflles Hotel's Jubilee Hall recently, the scholars received their awards from Sir Paul Girolami, chairman59 words
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70 1993-07-10 2 FRENCH petrochemical company Elf Atocem is setting up a million-dollar technical centre in Singapore to develop new product grades in polystyrene and PVC for the South-east Asian and Japanese markets. Located at Tuas, the centre will focus on custom-made products based on strict70 words
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Article87 1993-07-10 2 THE 7th Ministry of Health-Cleveland Clinic Foundation Update started its two-day session yesterday. This Update, being held at the auditorium of the College of Medicine, is part of the Ministry's continuing medical education programme for doctors in the public and private sectors. This year's87 words
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55 1993-07-10 2 THE Minister of State for the Environment, Abdullah Tarmugi, has taken over responsibility for Muslim matters in the Ministry for Community Development, it was gazetted yesterday. These matters are Registry of Muslim Marriages; Syariah Court; Majlis Ugama Islam Singapura; Muslim affairs;, registration of Muslim marriages;55 words
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76 1993-07-10 2 THE People's Association Youth Movement Regional Youth Council (South) will hold a seminar on "Government Policies on Public Housing" tomorrow at the Wilkinson Room, Boulevard Hotel from 1.30 to 5.00 pm. This is the second of a series of seminars organised by the PAYM76 words
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208 1993-07-10 2 IN AN agreement to be signed on Monday, the National University of Singapore (NUS) and St Vincents Meditech Pte Ltd (SVM) will collaborate to develop a new-generation heart valve using animal tissue. Under the agreement, SVM which manufactures both mechanical and animal208 words
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425 1993-07-10 2 10pc drop in number of visitors to Singapore expected THE number of Japanese travelling abroad will fall this summer for the first time in 13 years, the Japan Travel Bureau Inc (JTB) said yesterday. The decline might have been worse if not for the425 words
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312 1993-07-10 2 A J Leow - A J Leow A CHINESE developer will arrange to resell properties in its projects if buyers do not find the purchases to their liking. The option from the Shenzhen Gintian Industry Co, however, has to be exercised within a two-year period312 words
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Article, Illustration264 1993-07-10 2 JAPANESE retailer Sogo expects its new Tampines department store to notch up sales of $50 million in the first year. This works out to about $860 of sales per sq ft, which is significantly lower than what Sogo is getting at its264 words
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176 1993-07-10 2 SINGAPORE Network Services (SNS) has set up a joint venture in Vietnam to provide communication and information network services to the government and industry. The new firm, Vietnam Network Services, is 60 per cent owned by SNS and 40 per cent by the176 words
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Page 2 Advertisements
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Advertisement199 1993-07-10 2 TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 The People's Construction Bank of China (EataMMhed under die law* of the People's Republic of China) U. 5.570,000,000.570,000,000 Floating Rate Notes due 2000 U. 5.550,000,000 Floating Rate Notes due 1998 J.P. Morgan Securities Ltd. ABN AMRO Bank N.V. Daiwa Europe Limited DBS Bank199 words
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Advertisement154 1993-07-10 2 tf> Jtflf t\ > Personal Investment and Finance SupplemenfSSl Wondering where to put your money? Properties or stocks? Singapore or overseas? Keen on gold but not sure how to invest? This year's supplement "Investing around the World" will explore these and more. Other money-making topics include: Stocking up stocks experts154 words
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THE REGION
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513 1993-07-10 3 Sohn Jie Ae - From Sohn Jie Ae in SEOUL A LOCAL farmers' group is planning a rally on Sunday to protest against the alleged US pressure to lift rice import bans, and South Korean President Kim Young Sam is expected to reiterate the government's513 words
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219 1993-07-10 3 AFP SEOUL South Korean investigators yesterday announced they would file bribery charges against six top officials in the former Roh Tae Woo administration and that Mr Roh himself might be probed for his alleged links to arms procurement irregularities. The Board ofAFP - 219 words
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495 1993-07-10 3 AP BEIJING The new head of China's ccntral bank has ordered a halt to irregular interbank lending and implemented other measures in his first steps towards rectifying the nation's financial chaos, according to an official report yesterday. Vice-Premier Zhu Rongji, who oversees theAP - 495 words
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390 1993-07-10 3 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Singaporebased offshore bankers appeared unfazed by the two leading Chinese banks' decision to recall high-risk loans. Bankers told BT that the financing need for constructive projects in China still overwhelms the supply of foreign funds390 words
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222 1993-07-10 3 AFP HONGKONG China will boost investment in power development by 50 per cent this year and encourage foreign backing for power projects with the aim of providing electricity for 95 per cent of rural residents by 2000, a power ministryAFP - 222 words
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185 1993-07-10 3 Reuter TAIPEI A consortium including Taiwan's state-run Chinese Petroleum Corp (CPC) and French oil firm Total is bidding to build a USSI.2 billion (SSI.9 billion) oil refinery in Vietnam, company officials said yesterday. CPC chairman Chang Tzuyuan said other members ofReuter - 185 words
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354 1993-07-10 3 Loh Hui Yin - From Loh Hui Yin in BANGKOK A UNITED STATES proposal that the 15 members of the Consultative Asia-Pacific Economic Cooperation grouping (Apcc) sign a trade and investment agreement has met with a lukewarm response from Thailand. "We want Apcc lo remain354 words
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Article, Illustration50 1993-07-10 3 Reuter TAIPEI Taiwanese opposition legislator Lu llsiu-yi (second from right), being dragged aw y from the podium by ruling party deputies during a session in Taipei yesterday, after protesting against a decision by parliai ntary speaker Liu Sung-fan to bar spectators from Parliament's second-floor gallery. ReuterReuter - 50 words
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331 1993-07-10 3 AFP SYDNKY Australia, one of the world's major exporters of food, risks becoming a net importer of processed food unless it adopts measures such as investing in Asian agribusiness, a new report warned yesterday. The report, released by Primary Industries Minister SimonAFP - 331 words
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ASIA NOTES
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142 1993-07-10 3 AM' HONGKONG Property developers remained bullish.on Hongkong yesterday, paying much better than expected prices for two lots of land at a government auction. One residential lot of 10.320 sq in in the New Territories suburb of Yuen Long went for lIKSMX) million (*****.46 million).AM' - 142 words
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Article56 1993-07-10 3 AP SEOUL South Korea plans to lend China US$5O million yt low interest for environment clean-up and telephone network projects, a Foreign Ministry official said yesterday. The environment project is to clean up the Yellow Sea and curb the dust flow that carries industrialAP - 56 words
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Article69 1993-07-10 3 AP TOKYO Japan's Deputy Prime Minister Masaharu Gotoda, a possible sucecssor to Prime Minister Kiiehi Miyazawa, was taken by ambulance to a Tokyo hospital early yesterday after feeling fatigued, a family member said. Mr Gotoda, 78, sufTered an irregular pulse, probably eauscd by stress during aAP - 69 words
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Article90 1993-07-10 3 AFP PIINOM PENH An Uruguayan and four Indonesian UN peacekeepers were injured in two separate incidents in north and northeastern Cambodia, a UN spokesman said yesterday. An Uruguayan ofTiccr was hit in the leg when a 12-man UN reconnaissance patrol came under fire from unidentified gunmenAFP - 90 words
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Page 3 Advertisements
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Advertisement190 1993-07-10 3 J Wr ttrf" \mwm YOUt ntiohtfoun a/,gl appro* 133 Melbourne University 250 m *jS M}: Royal Melbourne Institute J&f l*' 1 TTfl of Technology 200 m fjßHfr* b&ml Iff fSmn" Tflif V~gjg Victoria Market 100 m WS9I Central Business District 250 m jt|E •*>*> TJfS I nr I ygon St190 words
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THE WORLD
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WORLD WATCH
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96 1993-07-10 4 Reuter TOKYO US President Bill Clinton is setting up a "war room" aimed at convincing Congress to pass the North American Free Trade Agreement, a senior administration official said on Thursday. Step One will be to create the White House group and theReuter - 96 words
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Article, Illustration39 1993-07-10 4 Reuter LONDON A couple riding a Mini that has been converted into a bed outside the RAF museum on Thursday. The motorised bed is part of a Sotheby's auction today of important, historic and classic cars. ReuterReuter - 39 words
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89 1993-07-10 4 Reuter TOKYO Russia has hinted to the US it is ready to resolve a dispute over Moscow's sale of missile technology to India, a row that threatens Russian firms with new American sanctions, US officials said yesterday. One US official said while the initiativeReuter - 89 words
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Article103 1993-07-10 4 Reuter SKOPJE The main force of a US peacekeeping contingent arrives in Macedonia on Monday on a mission that could drag US troops into European combat for the first time since World War 11. The 300-strong force is the first US military unit sent toReuter - 103 words
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52 1993-07-10 4 Reuter MADRID Spain's Socialist leader Felipe Gonzalez yesterday won a parliamentary vote of confidence confirming him as prime minister for a fourth consecutive term. Mr Gonzalez won the backing of the Congress (Lower House) by an absolute majority of 181 votes to 165 with oneReuter - 52 words
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Article75 1993-07-10 4 Reuter LONDON Scientists using blood samples from Prince Philip said yesterday they had identified bones found in a Russian forest grave as those of the murdered tsar Nicholas II and members of his family. "We are more than 98.5 per cent certain that the remainsReuter - 75 words
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309 1993-07-10 4 UPI MEXICO CITY Negotiators from the US, Mexico and Canada began three days of meetings near the capital on Thursday to discuss side accords to the troubled North American Free Trade Agreement (Nafla). In the fifth round of talks on theUPI - 309 words
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284 1993-07-10 4 Quah Choon Poh - By Quah Choon Poh SINGAPORE Businessmen from the Spanish region of Catalonia chalked up sales of about US$lO million (SSI6 million) during a four-day trade and investment mission to Singapore, the Catalan Minister of Industry and Energy said yesterday. Antoni Subira, who led284 words
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584 1993-07-10 4 AFP PARIS French ministers are free to press ahead with a massive programme to privatise 21 state companies, including some of the pillars of the French economy, following a vote early yesterday. The French centre-right government, which came to powerAFP - 584 words
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Article, Illustration60 1993-07-10 4 Reuter BONN, Germany A hand-out picture by the Simon Wiesenthal Centre of an unidentified German displaying some tattoos of Nazi emblems. The picture was taken by Yaron Svoray, a 39-year-old Israeli for an Australian reporter called Ron Furey, who was writing a story on the GermanReuter - 60 words
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379 1993-07-10 4 Bloomberg Business News Reuter, BONN Germany's Constitutional Court will not announce its ruling on whether the Maastricht Treaty conforms with Germany's constitution before October, an official for the Karlsruhe court said yesterday. Gotthard Woehrmann, a senior court aide, said it was hard toBloomberg Business News; Reuter, - 379 words
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378 1993-07-10 4 Walton Morais - By Walton Morais SINGAPORE Growing power shortages in South-east Asia have opened opportunities for South Africa's power utilities seeking to capitalise on their expertise and surplus capacity, officials say. Hemmed in by economic sanctions imposed by Western and Commonwealth nations for its378 words
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Page 4 Advertisements
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Advertisement103 1993-07-10 4 EZMiinXX THE BEST BUY IN &v 8 of them; Sanctuaiy Cove, Hope Island, Palm PARADISE Surfers Paradise Carrara within walking Date: 10 &11 July 93 (Sat Sun) Bungalows Townhouse of 1,641-2.161 Sq. Ft. Venue: P»Pactfic Hotel with Freehold Land of >5,000 Sq. Ft.. 24-hour THE GLOBAL security and fencing; k103 words
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COMPANIES & MARKETS
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409 1993-07-10 5 Dexter Lee - By Dexter Lee SINGAPORE Diversified Haw Par Brothers International is expanding beyond Singapore to tap the cheaper labour in neighbouring countries. Haw Par group managing director Peter Ngo said yesterday the company's subsidiary Dowty Har Par Aviation Pte Ltd was negotiating several409 words
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Article, Illustration272 1993-07-10 5 SINGAPORE The first waterfront condominium project at Tanjong Rhu is now under way. Straits Steamship Land (SSL), which acquired the former Khong Guan site in the Kallang Basin area for SI 1 million last July, announced yesterday that piling work272 words
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344 1993-07-10 5 MBT KUALA LUMPUR The buying-in of 3.315 million Union Paper Holdings shares at MS 15.20 apiece was completed yesterday by the Kuala Lumpur Stock Exchange (KLSE). But investors have been left wondering who the holders of the embargoed shares are. The exchange slappedMBT - 344 words
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407 1993-07-10 5 Teh Hooi Ling - By Teh Hooi Ling SINGAPORE Sesdaq-listed Powermatic Data Systems (PDS) expects sales of its local area network (LAN) products to expand 80 per cent in volume terms and 62 per cent in value terms, the same rate achieved in the407 words
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Article, Illustration374 1993-07-10 5 Source: Bridge Info Performance of STII's Index stocks Jul 9 Last Sens* Index Slock sale hae factor mosers <$) (51 H S As into 2.110 0 010 166 -3 0.1 < 6 800 -0 150 5.35 45 45 ('cictxH 5 350 -0 100 4 21 30 30 FAN 12Source: Bridge Info - 374 words
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196 1993-07-10 5 Reuter KUALA LUMPUR Malaysia's Berjaya Group Bhd said it has raised its stake in Hongkong's property investment company Wing Hung Kee Holdings Ltd to a level which will require it to make a mandatory takeover bid. Berjaya Group said its subsidiaryReuter - 196 words
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Article, Illustration564 1993-07-10 5 Lilian Ang - HOCK LOCK SIEW By Lilian Ang SINGAPORE Property stocks with strong exposure to the residential sector have been outperforming the rest of the stock market this year. The share price of First Capital Corporation. a clear favourite, has virtually doubled since theSource: Bridge - 564 words
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COMPANIES
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COMPANY BRIEFS
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Article81 1993-07-10 6 Bernama KUALA LUMPUR Malaysian Oxygen Bhd yesterday signed a MS7S million (SS47 million) contract with the Titan Group of companies to supply nitrogen gas via pipeline over a 15-year period to the Titan petrochemical complex at Pasir Gudang, Johor. Under the contract. MOX willBernama - 81 words
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65 1993-07-10 6 Reuter MANILA The Supreme Court has ruled that a Philippine beer manufacturer committed no violations when it marketed a beer product similar to that of beer giant San Miguel Corp (SMC). Asia Brewery Inc committed neither infringement of trademark nor unfair competition when itReuter - 65 words
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79 1993-07-10 6 Reuter TOKYO A US federal appeals court ruled that certain memory chips made by Toshiba Corp and NEC Corp do not infringe on patents of Wang Laboratories Inc of the US, the two Japanese firms said separately. The court ruling covered single in-lineReuter - 79 words
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Article81 1993-07-10 6 KUALA LUMPUR The New Straits Times Press (Malaysia) Bhd announced yesterday the appointments of Ahmad Nazri Abdullah and Abdul Kadir Jasin as the company's directors, with effect from June 30. NSTP told the Kuala Lumpur Stock Exchange in a statement that llalim Saad and Mohd81 words
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200 1993-07-10 6 AFP JAKARTA Indonesia's largest integrated paper producer, Pr Indah Kiat, suffered an almost 24 per cent drop in aftertax profit last year due to lower paper prices, Kompas daily said yesterday. Kompas quoted the firm's president Teguh Wijaya as saying that theAFP - 200 words
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524 1993-07-10 6 Reuter HONGKONG Underwriters of a global share ofTcr by one of China's biggest state enterprises arc confident the issue will succeed despite a late decision by two Hongkong securities houses against joining the syndicate, sources closc to the underwriters said yesterday. TheReuter - 524 words
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613 1993-07-10 6 AFP NEW DELHI India's staterun television faces stiff competition and a legal battle in its fight against the "cultural invasion" of its skies by the Hong-kong-based Star TV. Worried by dwindling advertising revenue and viewing figures, the government-owned Doordarshan network hasAFP - 613 words
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Article, Illustration424 1993-07-10 6 SINGAPORE Two major US companies struck significant regional deals yesterday. Texas-based Compaq Computer Corp set up a joint venture in China with the country's leading electronics manufacturer while International Business Machines of New York set up a representative officc in Vietnam. There424 words
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198 1993-07-10 6 Catherine Ong - From Catherine Ong in HONGKONG ITC, an associate of UK's HAT Industries, and Hongkong's Peregrine group have agreed to set up a financial services joint venture in India to run a gamut of merchant banking and stockbroking businesses. A Memorandum of198 words
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309 1993-07-10 6 MBT kI'AI.A LUMPUR llicom Bhd lias confirmed that it will he the majority shareholder in the proposed second national airline which will also see the participation of four other k»cal companies. llicom president Jamil Molid Jan, who confirmed the company'sMBT - 309 words
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221 1993-07-10 6 AFP I ()NIX)N The Inland Revenue (IK) provided vital information to the stock exchange on extensive undisclosed share purchases by overseas vehicles of fugitive businessman Asil Nadir, a senior IR investigator alleged yesterday. The investigator. Michacl Allcock. who has been suspendedAFP - 221 words
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455 1993-07-10 6 Bloomberg Business News SYDNEY Australia's Amcor Ltd said it hopes a threeyear expansion programme in Asia will make it the largest trans-Asian packaging group. "We've made some intelligent capital investment." Noel Mollcr, head of the fibre-pack-aging division for Asia, told Bloomberg BusinessBloomberg Business News - 455 words
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Article479 1993-07-10 6 UNIT TRUSTS FUNDS WmgiM' prttM Jul 10 A 12 Singapore Unit Trust the < om merer I.JJ 1.40 I he Sannp Fund 1.20 I 26 S pore Prog f und 0 56 0.59 S pore Sec KuikI 0 89 0 93 S'pore Imrt f und 0 98 l.03*d S pore479 words
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Article806 1993-07-10 6 Pa) Men t <%> Ex date Books dose Pay date Alex Hldgs 50* A moo) 25* Apollo Asia Pacific Asia Pac Ld 50* Bolton B Scmbawang Ccntrcpoint >0* C'huan Hup Notes Cit> Dc» Bonds CK Tang C'lipsal 60* USS Courts 20* Dunlop Est CULS FAN (.B Hldgs 20*806 words
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FINANCE & COMMODITIES
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430 1993-07-10 7 Neil Behrmann - From Neil Behrmann in LONDON THE diamond market is recovering from a steep recession. First half diamond sales of De Beers surged 56 per cent to U552.54 billion (Ss4 billion) from US$l.63 billion in the second half of last430 words
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333 1993-07-10 7 Bloomberg ENERGY REPORT LONDON Oil futures priccs on both sides of the Atlantic were unchanged to lower yesterday as talks between Iraq and the United Nations on the possible resumption of Iraqi crude exports moved into their third day. Futures priccs plummeted to three year333 words
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Article, Illustration1583 1993-07-10 7 /rode-*cifh ted index uikulated dfainsi S'pore's u*p 14 trading partners Base yeai IVH* US$/S$ forward rates Noon July 9 s$ Bid Offer I month 1.6212 1.6227 2-month 1.6212 1.6227 .Vmonth ***** 1.6227 6-month 1 6205 1.6225 Source: OCBC FOREIGN CURRENCY NOTE RATES As at ltm m My Singapore dollars to1,583 words
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Article, Illustration117 1993-07-10 7 SINGAPORE The United Overseas Bank yesterday launched the first automated cash deposit system in Singapore. The Fast Cash Deposit system, developed by German technology firm Siemens Nixdorf, will be stationed at UOB's main branch at Raffles Place and its Parkway Parade branch. A UOB117 words
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199 1993-07-10 7 Reuter LONDON Jacques Attali has repaid £20,000 (5548,434) in wining and dining expenses to the European Bank for Reconstruction and Development, which he quit amid a row over lavish spending, Britain's Daily Telegraph reported. A bank spokeswoman told the newspaper that Mr Attali, who stillReuter - 199 words
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Article153 1993-07-10 7 Reuter SINGAPORE Foreign fund managers have begun to tap India's huge stock market after avoiding it in the wake of the country's biggest financial scandal last year, analysts in Singapore said. They said the recent launch of offshore equity funds in Singapore and Hongkong andReuter - 153 words
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160 1993-07-10 7 Reuter TAIPEI Taiwan's private International Commercial Bank of China said yesterday it had won Vietnamese government approval to set up an office in Vietnam, becoming the first Taiwanese bank with an office there. The office, located in Ho Chi Minh City, willReuter - 160 words
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Article, Illustration461 1993-07-10 7 DBS Weekly Currency Review US$/DM: The climb continues USS/DM traded generally higher this week from Monday's low of 1.6940 to reach a high of 1.7110 on Wednesday. Thereafter, it eased to 1.6980 on Thursday and was seen trading around the 1.7030 level on yesterday morning. Despite461 words
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Article, Illustration137 1993-07-10 7 IT was a day of tight consolidation in the regional currencies except for the ringgit. which saw some disinvestment from offshore interest. The US$/S$ saw tight range trading between 1.6210/30 for much of the day till a late afternoon bout of dollar buying in the137 words
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Article189 1993-07-10 7 Bloomberg Business News LONDON The dollar surged against the Deutschemark and yen in Europe as long-term bullishness towards the US currency was reignited by tensions in the European exchange rate mechanism and political concerns in Japan, traders said. "There's been a wave of positive sentiment towards the dollar today,Bloomberg Business News - 189 words
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Article86 1993-07-10 7 AFP NEW YORK The dollar rose against major currencies early yesterday in New York where trading was moderately active. Gold prices fell US$2.5O from Thursday to open at U*****.40 an ounce. The dollar rose to 1.7215 German marks from 1.7095 late Thursday, and to 109.40 yen from 108.65.AFP - 86 words
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COMMODITIES & FUTURES
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1477 1993-07-10 8 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar futures ended firmer yesterday, but off the day's lows, boosted by smaller-than-expccted US money supply figures and softer gold and eommodity priees. "The two factors combined boosted Eurodollars, but there wasn't sufficient buying incentive to push it higher,"Reuter - 1,477 words
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638 1993-07-10 8 COMMODITY REPORTS Tin TIN price gained grounds on the Kuala Lumpur Tin Market by closing 13 sen higher at MS 12.85 per kg on heavy buying yesterday. Dealers said the market saw aggressive European buying as the metal was traded at a lower638 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article75 1993-07-10 8 LONDON Finnish metals group Outokumpu said it will take part in an international tender to renovate the Pechenga nickel smelter in Russia's Kola Peninsula. Russian authorities have said they want to cut sulfur dioxide emission levels from the plant from almost 300,000 tonnes per75 words
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116 1993-07-10 8 LONDON The Austrian government, faced with a slowing economy and a rapidly rising deficit, should speed up its privatisation campaign, putting a further 25 per cent of the ailing state oil firm. OEMV, on the block, said Economics Minister Wolfgang Schuessel, according116 words
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119 1993-07-10 8 LONDON Signs of sympathy among segments of the Arab population for the plight of the Iraqis are unlikely to translate into overt pressure from Arab governments for the removal of economic sanctions or a softer stance on oil sales. Middle East analysts and officials119 words
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Article1735 1993-07-10 8 Kupoer juiy 9 HAS Canwadlty Excfcaaga (fwtvras dating as at lpa) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Aug 000 000 132.75 0 Iw6 Sep 134 25 134.25 134.25 50 5.150 Oct 0 00 0 00 134.75 0 7.425 Nov 132.251,735 words
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REGIONAL STOCK MARKETS
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Article1195 1993-07-10 9 +0.4 Shares closed marginally higher yesterday though most gold stocks fell after bullion lost its >hine. The All Ordinaries Index closed 0.4 points higher at 1.782.9. a fresh post-1987 crash high. The gold marker ended 40.5 points lower at 2.172.9 as bullion again failed to crack the USS4OO an1,195 words
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Article556 1993-07-10 9 +0.73 Share prices inched up by the close, fuelled by Philippine Long Distance Telephone Co (PLDT) and Philippine National Bank (PNB), but profit-takin", clipped the rise, brokers said. The Manila Stock Exchange Index rose 0.73 ol a point to close at 1.631.50. PLDT rose on Wall Street to USS36-5/8556 words
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Article286 1993-07-10 9 +7.17 The New Zealand share market finished a bullish week on a strong note, returning to threeyear highs and brokers said the outlook is positive. The NZSE-40 Capital Index closed up 7.17 points to 1.723.66 on a volume of NZ$4O million, the bulk of which was transacted in286 words
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Article618 1993-07-10 9 +50.88 Taiwan stocks closed higher on late buying of textiles and blue chips. Interest was strong in China Steel, which surged on reports of good profits in June. The weighted index moved narrowly around Thursday's close for most of the session but ended 50.88 points or 1.3 per cent618 words
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Article441 1993-07-10 9 +9.78 Stocks closed a comfortable 9.78 points higher at 770.46 in a moderately active session dominated by strong interest in construction and financial counters, said brokers. Fears of a deeper correction and caution over widespread labour unrest at Hyundai Ciroup companies had curbed any significant advanced this week, brokers441 words
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Article57 1993-07-10 9 -6.87 Share prices dropped further in kerb deals after the close, dealers said. The Bombay Stock Exchange (BSE) Index closed at 2.214.83. down 6.87 points from the previous close. The National Index fell 2.03 points to 1.038.77. Rumours of a reshuffle of Prime Minister PV Narasimha Rao's cabinet on57 words
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WORLD STOCK MARKETS
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Article835 1993-07-10 9 Britannia Funds Sterling Cash Bid Offer Mim < ap Deposit W MOD Mim Jersrs (nit Olit* 0 I-N2 Mim Mat Inuxne -nwio -I UMBI I S$ ash livorae PIun Fund I0 5 VK) 11 (NUO PSS Reverse Fund 5 2100 5 2200 Sterling F quits Euro Perloimanor 0 45*12 O.W3I835 words
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Article598 1993-07-10 9 -2.7 Share prices closed mixed yesterday just above the session's lows after FTSE futures surrendered earlier fains and a mixed Wajl treet failed to give any direction. The FTSE 100 Index closed 2.7 points down at 2,843.2 while the second line stocks continued to attract buying interest. The FTSE598 words
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Article106 1993-07-10 9 +5.33 French stocks rose amid speculation the French franc will withdraw from Europe's currency grid, boosting French companies competitiveness overseas and allowing for interest rate cuts, traders said. The CAC-40 Index of blue chips closed at 1.985.70. up 5.33 points. Paris Jul> 9 Fr \>r-1 kjuiJe '5000 <00 Vk106 words
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Article164 1993-07-10 9 +0.93pc Swedish shares ended the week higher with the allshare index closing at a new year high of 1.101.88 as Anglo-Saxon buyers entered the market, spurred by the weaker crown against the dollar. Dollar-dependent export companies Ericsson. Astra and SKF headed the rise. The all-share index climbed 0.93 per164 words
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Article190 1993-07-10 9 +o.Bpc The 30-share German DAX Index failed to hold new highs for the year on yesterday's bourse, but share analysts said any decline now would only represent a consolidation before the market set its sights on fresh peaks. Dealers were not surprised the explosive rally w/iich set in on190 words
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Article209 1993-07-10 9 16.35 Belgian shares ended 1.24 per cent higher but below a new Bel-20 Index all-time high in lively business inspired by the strength of the German market and the firm dollar, dealers said. The Bel-20 closed 16.35 points up at 1.301.56 after setting an all-time high at 1,303.53, with209 words
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Article205 1993-07-10 9 +2.03 Dutch shares paused for breath late morning and toppled from their early highs but dealers were sure the general rally would pick up again as Wall Street opens and continue for some time. The EOE Index was 2.03 points higher at 334.03 by 1030 GMT. Amsterdam j«I> TK205 words
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Article223 1993-07-10 9 +3.7 Swiss shares ended the last day of a busy week only moderately higher but still at new record levels. Many dealers said they felt the market was getting overheated after the recent strong rally. The broad SPI Index rose 3.70 points to 1.516.46. while the blue-chip SPI rose223 words
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Article309 1993-07-10 9 -32 South African gold shares recovered the day's losses by the close on Johannesburg Stock Exchange as the gold price moved back above US$39O and was holding steady. Industrials were largely ignored, dealers said. The gold board ended one point higher at 1.972. well up on its intraday low309 words
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Article258 1993-07-10 9 -51.86 Stocks were weaker yesterday but slightly up from session lows at midday as gold and oil shares continued at weak levels, traders said. The TSE 300 Index was trading 12.53 points lower at 3.908.33 in turnover of 37.7 million shares valued at C 5359.7 million. Declining issues outpaced258 words
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Article887 1993-07-10 9 +38.75 Blue-chip stocks were slightly higher yesterday, struggling to firm in quiet trading as investors stepped aside following a sharp two-session rally. The Dow Jones Industrial Average was up a scant 3.04 points to 3.517.46 at 1 pm EDT. In the broad market, advancing issues were ahead of887 words
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Article, Illustration3116 1993-07-10 10 Reuter HONGKONG Stocks closed solidly lower yesterday under pressure from a late Hurry of selling by investors disappointed at the outcome of the latest Sino-British talks on Hongkong, brokers said. The Hang Seng Index lost 51.78 points, or 0.73 per cent, to finish at 7.070.61. It was up 30Reuter; Source: Bridge Info - 3,116 words
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Article, Illustration463 1993-07-10 10 HONGKONG China's A shares for domestic investors continued their long slide down yesterday, with more moderate losses for foreign-held B stocks as fear of Beijing's austerity measures accelerated a month-long bear mood. Shenzhen's A market saw heavy selling following a rush of new issues which have saturated demand, while463 words
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Article, Illustration2567 1993-07-10 10 Reuter TOKYO Stocks ended firmer in heavy trade on buying linked to the settlement of July stock index options yesterday, brokers said. Increasing hopes of an interest rate cut and futures-linked buying lifted the market. "Expectation of a rate cut here strengthened after people started talking about another rateReuter; Source: Bridge Info - 2,567 words
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Article, Illustration1853 1993-07-10 10 Reuter BANGKOK Stocks sustained their morning gains and climbed further in the afternoon trade with smallprice issues remaining highly active, brokers said. The SET Index closed 9.11 points higher at 907.64 on turnover of 6.71 billion baht. "The market is dominated by quick buy and sale." said a brokerReuter; Source: Bridge Info - 1,853 words
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Article, Illustration1095 1993-07-10 10 Reuter JAKARTA Share prices cjosed yesterday's half-day session lower in dull trade across the board, brokers said. The official index edged down 0.46 lower to 359.67. "Bad news continued to dominate front pages which dampened market sentiment on top of which it s the holida> season for many fundReuter; Source: Bridge Info - 1,095 words
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Article, Illustration2612 1993-07-10 11 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume FAt'B 50c 6.502.000 Bcr)j\j Ciruup 5.044.000 Mulphj Intl 50c 3.978.000 Kcnong Bhd 50c 3.75»>000 (V)uMcjJ 50c 2.855.000 Bcrjasa Ind 2.642.000 Idm H>d 50c 2.307 000 Prwncl 2.214 000 kamummg 50c 1.511.000 Pen Mmj 1.400.000 Pub Bk Foreign 1.348.000 SimeSource: Bridge Info - 2,612 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5419 1993-07-10 11 Bernama KUALA LUMPUR Share prices closed easier over a wide front in quiet trading here yesterday despite an encouraging start. Dealers said that profit seekers reversed the uptrend at mid-morning in the absence of follow-through support and genuine buying while other investors keptBernama; Source: Bridge Info - 5,419 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration7441 1993-07-10 12 Sylvia Wong - By Sylvia Wong SINGAPORE Share prices closed easier after drifting in lacklustre trading yesterday. The Straits Times Industrials Index, which had been moving downwards over the past few days, ended the week below the 1.800 level, slipping 4.67 points to close at 1,797.61.Source: Bridge Info - 7,441 words
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Article, Illustration75 1993-07-10 12 Paul Leo - HOT STOCK Paul Leo POWERMATIC Data Systems has been consolidating between SI. 18 and SI.OO since mid-May and the stage is now set for it to break upwards. The RSI is below 50 and any further price weakness towards support at 1.07 means the stock could beSOURCE: BRIDGE INFO - 75 words
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Page 5 Advertisements
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Advertisement295 1993-07-10 5 Chairman Koh Counting down to Telecom's listing It's a long-awaited flotation, but what exactly will investors be buying into? Singapore Telecom chairman Koh Boon Hwee talks about the group's aims at home and abroad. I J I I Plus a look at Orchard Road s store wars and whether the295 words
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Page 8 Advertisements
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Advertisement18 1993-07-10 8 "It was plain sailing selling my cabin cnrisec" i w i ®»ir j6 mn.i I** mfltiuu I 737-116618 words
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Advertisement30 1993-07-10 8 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead offers the most current list o/job opportunities cLVuiluble- if t30 words
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Page 9 Advertisements
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Advertisement15 1993-07-10 9 REGIONAL ANALYSIS Every Wednesday, in Business Times The closing report for Milan Has not available.15 words
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Page 10 Advertisements
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Advertisement27 1993-07-10 10 Estaoisred s.nce 1519 ANTIQUE Shangri La hotel Stockist of G.I. A. Certified Diamonds Tpl- 700 CCOQ (Laser Numbered/ 3003 Small Large Sizes Manufacturing jewellers since 1919 ROLEX27 words
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Page 11 Advertisements
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Advertisement15 1993-07-10 11 PORT SHOTS The latest in sea, air and land transportation. V" F■ 1 Business Times15 words
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Page 12 Advertisements
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Advertisement28 1993-07-10 12 Established sine# 1919 ANTIQUE A ESTATE WATCHES Shanqri La hotel Stockist of G. I A. Certified Diamonds Tel: 732 5689 Small Large Sizes Manufacturing jewellers since 1919 ROLEX28 words
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SPORTS
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Article, Illustration460 1993-07-10 13 Golf AP GLENEAGLES, Scotland Unheralded Jesper Parnevik again survived bad weather to cruise through the back nine, shooting a 4-under-par 66 on Thursday to open up a commanding seven-stroke lead at the rain-interrupted Scottish Open. Pamevik, who birdied the final six holesAP - 460 words
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649 1993-07-10 13 NYT ENGLEWOOD. Colorado The US Senior Open produces more match-ups that fans want to see than any other championship in golf, and Thursday's opening round was a prime example as Chi Chi Rodriguez. Jack Nicklaus and Lee Trevino rose toNYT - 649 words
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476 1993-07-10 13 AP EVREUX, France It was Belgian Wilfried Nelissen's turn to lead the Tour de France as he and Mario Cipollini continued playing give-and-take with the leader's yellow jersey. Nelissen edged into a twosecond margin on Thursday to gain the lead again overAP - 476 words
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SIDE LINES
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Article120 1993-07-10 13 Reuter VAIL, Colorado lennis star Monica Seles, recovering from a stab wound suffered on April 30. said on Thursday that she will be una hie to compete in a tournament opening on July 26 at Stratton Mountain. Vermont. In a news release. Seles said herReuter - 120 words
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Article98 1993-07-10 13 Reuter MANILA A Philippine government panel recommended yesterday that President Fidel Ramos suspend sports officials accused by athletes of being inefficient and linked to cases of physical abuse and sexual harassment. They include a sports commissioner accused by 15-year-old diver Catherine Chua of embracing andReuter - 98 words
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Article, Illustration38 1993-07-10 13 Reuter BALTIMORE, Maryland Baltimore Orioles' right fielder Jeffrey I iammonds leaping in vain for a three-run home run off the bat of Chicago White Sox's Bo Jackson, on Thursday in the first inning. ReuterReuter - 38 words
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102 1993-07-10 13 AP NEW VORK Top-ranked featherweight contender Kevin Kelley. '*ho got his start in boxing in Madison Square Garden, helped put a quick end to the sport in that arena on Thursday night. K.clley, ranked No 1 by the World Boxing Council, World Boxing AssociationAP - 102 words
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Article83 1993-07-10 13 AFP NEW VORK. July 8 A National Basketball Association representative is to meet controversial author Richard Equinas to discuss t.'laims that Michael Jordan lost US$l.25 million (552.03 million)' in golf wagers. The NBA, represented by former US attorney and judge Frederick Lacey, is investigating theAFP - 83 words
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Article, Illustration849 1993-07-10 14 Kyle Jarrard - Golf By Kyle Jarrard IHT PARIS In the beginning there was the golf story. No, in the beginning there was the void. The French void. A place where only a handful of creatures roamed the fairways, crazily overdressed for heaven forbid! an An-glo-Saxon sport.IHT - 849 words
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SCORE CARD
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Article, Illustration98 1993-07-10 13 Reuter AFP NEWPORT, Rhode Island Hall of Fame Championships on Thursday (prefix denotes seeding) Quarter-finals: 5-Alex Antonitsch (Austria) b 4-Grant Stafford (South Africa) 6-4 4-6 6-1; Greg Rusedski (Canada) b Shuzo Matsuoka (Japan) 6-7 (1-7) 6-4 6-4. GSTAAD, Switzerland Swiss Open second round on Thursday (x denotes seed): ThomasReuter; AFP - 98 words
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Article, Illustration153 1993-07-10 13 Reuter EVREUX, France Fifth stage of the Tour de France from A tranches to Evreux (226 km) on Thursday: 1. Jesper Skibby (Den) TVM 5 hrs 11 min 57 sec 2. Wilfried Nelissen (Bel) Novemail one sec behind 3. Andrea Ferrigato (Ita) Ariostea 4. Max Sciandri (Ita) Motorola 5.Reuter - 153 words
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Article, Illustration184 1993-07-10 13 Reuter AFP WILLIAMSBURG, Virginia Anheuser-Busch Classic leading first round scores on Thursday (US unless stated): 66 Jim Gallagher, John Flannery, Trevor Dodds (Nam) 67 Brandel Chamblee, Curtis Strange. Morris Hatalsky, Lanny Wadkins. Keith Clearwater, Dave Rummells, Kirk Triplett, Richard Zokol (Can) 68 Lance Ten Broeck. John Adams, Mike Hulbert,Reuter; AFP - 184 words
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Article, Illustration83 1993-07-10 13 Reuter NEW YORK American League on Thursday: Boston 11 Oakland 9; Chicago 12 Baltimore 5; Texas 6 Toronto I; Milwaukee IS Minnesota 3; Kansas City 6 Detroit 5 (in 11); California 4 New York 3. National: Cincinnati 7 Chica go 3; Colorado 3 Florida 2; Los Angeles 11 NewReuter - 83 words
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Article1118 1993-07-10 13 ctty fh* eta nm n» AtaMaM GA929 1120 GA890 0001 GA928 0040 MlllHl SQ228 2120 0—a RJ187 0135 Aantfdiai GA891 1335 GA890 0001 KL837 1445 KL838 0020 SQ323 1555 SQ324 0105 Mmm SQ347 1735 HatMaa4 NZ21 1820 NZ22 1935 SQ286 2030 SQ288 2030 ■afcraia Gf 1481,118 words
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Page 13 Advertisements
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Advertisement42 1993-07-10 13 Fly Finnair's new Business Class to Europe. Finnair's new wide bodied MD-1 '1 offers speed, comfort and space that's miles ahead of its competitors. Call your travel agent or 733 3377 for more details. e know the world from start to Finnish.42 words
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SHIPS IN PORT
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Article686 1993-07-10 14 its<mt Voy W» Berth *nwi< Pqurture DwTs«a»a 1/93A ft alongside 1007/0715 FGA 38/6 07/01/93 M/5 atongsde 10 07/0515 lampung laya SJ3/93 13 alongside 1007/1200 Lion Valour J12 alongside 10.07/0200 Sargodha 132 HW J7/8 alongside 10 07/0700 Sedertiana 07/02/93 ft alongside 1007 0500 Xiang Yang 110 18 9686 words
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Article2002 1993-07-10 14 DELIVERY OF FCL IMPORT CONTAINERS IN PROG RESS SNp Voy No Containers avaiable Sam Bay 33N 08 07 93 0/00 Han Bhum 125N *****3 0815 HidoE.pl 923 *****3 0820 bvestia 41MF93 *****3 1036 Saudi Onya FEA06S *****3 1045 Kota Cahaya CAH302 0807 93 1055 Mefkur Delta 981 082,002 words
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Page 14 Miscellaneous
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Miscellaneous397 1993-07-10 14 CRYPTIC CROSSWORD r a loud YESTERDAY'S SOLUTION DOWN instrument (8-7) 1 Pedestrian warning to take 15 I'm taking prince east ern garthe hard way (4,3,3,5) ment for the showmc n (9) IRl^pl^rltielßMu ■>!■£■ 2 A bit separate (5) 16 On the way up I left a Mus- [oUp WABjAlilolßiol Iniaiu397 words
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REGIONAL FOCUS
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Article, Illustration1629 1993-07-10 15 Harish Mehta - Chakrapong's bid to secede the inside story Aftermath of the Cambodian elections Reports by Harish Mehta PHNOM PENH Prince Norodom Chakrapong, a son of head of state Prince Norodom Sihanouk, made an abortive bid to form an autonomous zone in Cambodia last month. As a punishment of sorts, he was1,629 words
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Article, Illustration1154 1993-07-10 15 KOMPONG CHAM, Cambodia After a period of relative quiet during which diplomatic moves to bring the Khmer Rouge back into the political process overshadowed military manoeuvres, the Khmer Rouge have returned to their trail of terror. In recent days, Khmer Rouge General Ta Mok,1,154 words
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510 1993-07-10 16 TOKYO SUMMIT 1993 But Ginton plays down hopes of quick deal Reuter TOKYO A trade framework agreement between the US and Japan may be completed by today, a US official said yesterday. However, he stressed that negotiations were still goingReuter - 510 words
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Article, Illustration402 1993-07-10 16 Reuter TOKYO President Boris Yeltsin said he was dissatisfied with promises by the world's leading economic powers to consider lifting trade restrictions against Russia. But he welcomed a US$3 billion (SS4.B billion) package offered by Group of Seven leaders toReuter - 402 words
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G-7 BRIEFS
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Article71 1993-07-10 16 AFP SINGAPORE Singapore yesterday welcomed an agreement on tariff cuts among the Group of Seven (G-7) industrial nations and said it was "more optimistic" of a year-end conclusion of the Uruguay Round of trade talks. The Trade and Industry Ministry said in a statement thatAFP - 71 words
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88 1993-07-10 16 AFP, Reuter TOKYO US President Bill Clinton warned North Korea yesterday that Washington would continue to press for Pyongyang to adhere to the Nuclear non-Proliferation Treaty (NPT), including allowing international observers to monitor suspect sites. Also yesterday US Secretary of State Warren Christopher, making hisAFP,; Reuter - 88 words
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Article90 1993-07-10 16 AP TOKYO Russian President Boris Yeltsin would also like to learn from the Japanese in reviving his own economy. On his sccond day in Japan, the Russian leader toured a showroom of Sony's latest electronic gadgetry. The display was impressive, but apparently stirred a bitAP - 90 words
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Article71 1993-07-10 16 AP TOKYO Japanese Prime Minister Kiichi Miyazawa, like several other leaders hurting in the popularity polls, took a ribbing from newspapers that suggested that he must be unpopular among the other summit leaders as well. One tabloid newspaper ran a photo showing all the leaders turned away fromAP - 71 words
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372 1993-07-10 16 AP WASHINGTON The US Board of Immigration Appeals has refused Egyptian Islamic leader Sheik Omar Abdel-Rah-man's request for asylum and upheld a deportation order issued in March, the Justice Department announced yesterday. The sheik, whose followers have been accused in aAP - 372 words
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262 1993-07-10 16 Reuter TOKYO US President Bill Clinton yesterday said the United Nations standoff with Iraq over weapons inspectors was serious and raised the possibility of multilateral action against Baghdad. Speaking at a news conference following the Tokyo G-7 summit, Mr Clinton ruled out unilateral actionReuter - 262 words
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570 1993-07-10 16 Bloomberg Business News PARIS French Prime Minister Edouard Balladur pledged to take all necessary measures to defend the French franc as the currency came under renewed pressure amid signs of a deepening domestic recession. "The prime minister reaffirms his total commitment toBloomberg Business News - 570 words
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320 1993-07-10 16 Yong Pow Ang - From Yong Pow Ang in WEIHAI SENIOR Minister Lee Kuan Yew is expected to outline the framework for SingaporeShandong co-operation in a press conference today, after a six-day visit to Shandong province. A delegation of Singapore officials and businessmen led by Mr320 words
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Article127 1993-07-10 16 Bloomberg Business News NEW YORK Many large investors are taking big stakes in Latin American real estate as depressed prices and high rental rates provide opportunities, The Wall Street Journal reported yesterday. These investors include financier George Soros, who recently doubled his investment inBloomberg Business News - 127 words
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550 1993-07-10 16 Last week's budget the driving force behind bullish performance Reuter WELLINGTON Foreign investors have fuelled a rally in New Zealand financial markets since the July I state budget, thrusting interest rates to record lows and the share market and New Zealand dollar toReuter - 550 words
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Page 15 Advertisements
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Advertisement35 1993-07-10 15 TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 Make new business contacts through classification 203 in The Straits ©vjo Times Classified, cjlts. |717-« l** PLAY SMART Be part of the good life. Lifestyle. Everyday. rr\ BusincssTimes35 words
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Advertisement88 1993-07-10 15 SAMTA PETROLEUM PTE LTD (In members' voluntary liquidation) NOTICE OF FINAL MEETING Notice is hereby given pursuant lo Section 308 of the Companies Act. Cap. SO that the Final Meeting of members of the abovenamed company will be held at the office of Chia. Wong Partners. 135 Middle Road *05-13/1488 words
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Advertisement112 1993-07-10 15 bittomMraf VEECHEONQCOIPTEITD (hVMMtoy UquMrilon) NOTICE is hereby given pmuont to Sedon 306 of foCotnponiei Ad, Cop.SO, that o Find Meeing af to meTijercofdwabtjwnanwdGanxxjfTy beheld at No. 12, Jaion Kilang Borat, Singopare 0315. on lOhAugutf 1993 <52.00 p.m. tor fce purpose af recrtvtng an accoutl from tm liquidator thawing #ie manner112 words
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Advertisement83 1993-07-10 15 ENHANCED MANAGEMENT SERVICES PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 306(1) at the Companies Act. Cap. SO that the Final Meeting ol Members of the above-named Company win be held at 36 Robinson Road *15-00 City House, Singapore 0106 on Tuesday. 10 August 1993 at83 words
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Page 16 Advertisements
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Advertisement10 1993-07-10 16 Korean fanners prepare rice protest welcome for Clinton, Pg 310 words
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Executive Lifestyle
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Article, Illustration1756 1993-07-10 17 Shahiron Sahari - Shahiron Sahari takes the pulse of the local English music scene and finds that things are not as rosy as they seem Shahiron Sahari CONSIDER these: Zul Sutan, lead singer of Tania, is invited to sing at the Peter Gabrielcreated WOMAD (World of Music andDesign by Ben Cruz - 1,756 words
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STRAWS IN THE WIND
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Article101 1993-07-10 17 TALK about biased commentating. During the Wimbledon Men's Final, we all knew who the voice on TV was rooting for. Beginning with how he thought Jim Courier was the stronger player, the voice droned on about how Pete Sampras was looking a little too casual, though101 words
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Article49 1993-07-10 17 WHATS in a name? A fruit platter by any other name would taste as sweet. Or maybe not. A diner at Bugis St ordered one, and was served barbequed fruit bats instead. He thought they were mangoes with brown wrinkled skins, until he tried to peel them.49 words
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Article49 1993-07-10 17 IN THIS age of phonemail, some people still haven't adapted to speaking to machines. The solution, use a machine to talk to the machine. A colleague checked his incoming messages and listened to a minute of'muzak someone must have put the answering machine on call waiting.49 words
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OPINIONS
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Article861 1993-07-10 18 Harish Mehta - As Vietnam prepares to receive foreign loans, Harish Mehta feels foreign firms entering the country ought to show more respect for the host Harish Mehta VIETNAM'S recent history is littered with instances of economic exploitation. A French company, Fontaine, was given the monopoly for making861 words
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Article, Illustration1096 1993-07-10 18 Leon Hadar - Leon Hadar says the Tokyo summit has raised questions about the need to maintain the G-7 process over world economic matters Leon Hadar The writer is a Washington-based journalist who contributes to BT THE SOMEWHAT pathetic performance this week in Tokyo by the leaders of the seven1,096 words
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194 1993-07-10 18 Denis Distant - LETTER TO THE EDITOR Denis Distant COULD THE Stock Exchange of Singapore simplify the formalities for options trading to make it as convenient as trading in stocks? This could be done by eliminating the need to take a trip to the brokerage194 words
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PROFILE
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Article, Illustration3914 1993-07-10 19 Fiammetta Rocco - He was a tantrum-throwing child who grew up to be an obsessive perfectionist and may, in future, be remembered more as a collector than as a composer. Fiammetta Rocco meets the millionaire stage maestro whose latest musical. Sunset Boulevard, opens in London on Monday FiammettaThe Independent on Sunday - 3,914 words
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PURSUITS
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Article, Illustration1491 1993-07-10 22 Hean Chung - When in Finland, do as the Finns do. Hean Chung sweats it out in the sauna, quaffs the local vodka and takes a dip in the freezing river all in the buff Hean Chung %The writer is a Business Times sub-editor IF YOU WANT to get that top-of-the-world1,491 words
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Article, Illustration1112 1993-07-10 22 Karim Raslan - Karim Raslan finds talking to naturalist Sir David Attenborough an eye-opening experience Karim Raslan The writer is a freelance journalist who contributed this article to Executive Lifestyle THERE ARE those among us who are so suited to their profession that it is hard to imagine them1,112 words
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Article, Illustration538 1993-07-10 22 SUSAN TSANG - Cinema Review By SUSAN TSANG WHY WAS the bimbo so happy when she took six months to complete a jigsaw puzzle? Because the box said "Four to six years". We can laugh at these jokes, but when the bimbo, who was Born Yesterday, is mouthing stupidities538 words
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HEALTH & FITNESS
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HEALTH Notes
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174 1993-07-10 24 AP DOES going to the dentist set your teeth on edge? lake heart. Researehers may have a ray of hope for the timid of tooth: cavity-zapping lasers that could one day replace the dreaded drill. "We're exploring some different wavelengths... that we think areAP - 174 words
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Article95 1993-07-10 24 Psychology Today STRESS drains your energy and makes you miserable. But it also goes straight to your waist. Two psychologists at Yale University report that the psychological stress people can't handle increases deposits of fat in the abdomen. It's all because of a hormone. Cortisol, producedPsychology Today - 95 words
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170 1993-07-10 24 NYT BREASTFEEDING may lower a woman's chances of developing breast cancer at an early age. a British study has found. The study of women who had breast cancer before the age of 36 found that for every baby a woman breastfed, she reduced her oddsNYT - 170 words
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175 1993-07-10 24 NYT PEOPLE who suffer from an irresistible urge to pull out their hair can find long-term, moderate relief from their obsession by taking an anti-depressant drug. The disorder, called trichotillomania. may afflict up to 2.5 million people in the US. mostly adolescent girls and women.NYT - 175 words
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Article, Illustration906 1993-07-10 24 While it is rare for women to go totally bald, the sight of a hare patch can be more traumatic for them South China Morning Post Hair loss and premature balding can be embarrassing but women suffering from the condition, according to doctors andSouth China Morning Post - 906 words
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PEOPLE
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Article, Illustration218 1993-07-10 24 DDB Needham Worldwide moved into their new premises at Stanley Street on June 11. The "new" oflfiee eonsists of three shophouses in a conservation project, complete with an attic and a lift. The opening was officiated by John Bernbach. president of DDB Needham Worldwide218 words
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TIME OFF
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Article, Illustration793 1993-07-10 25 Shahiron Sahari - Shahiron Sahari drops in at Tanjong Pagar to see how two pubs are getting along after a few years of existence Shahiron Sahari THE BERMUDA Triangle Pub was the first to open its doors at the Tanjong Pagar area, and all the usual jokesPhotos by Arthur Lee - 793 words
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Article, Illustration768 1993-07-10 25 A MAN WENT on his travels to Europe and was awe-struck and taken in by what he saw at Covent Garden in London. Like being suddenly transported to another time, he witnessed men and women, some in their 60s and more, appearing in Victorian costumes, vending768 words
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Article195 1993-07-10 25 Mergers and Accusations What happens when a boy meets a girl? They do not fall in love but marry and have a child. A play by Eleanor Wong that focuses on relationships and human behaviour in the corporate world. Organised in conjunction with the SPH Yong Playwrights Series. Till195 words
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Article180 1993-07-10 25 Go AWOL! Local band AWOL will perform tracks from their eponymous album. Midnight In June, plus covers by U2. the Doors and more. Today. 8.30pm at the Beach Hut. East Coast Sailing Centre. East Coast Lagoon. Pony Express Organised by Pony Canyon and Ise- tan, this weekly concert features180 words
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Article85 1993-07-10 25 The Blue Planet Produced in cooperation with Nasa, this film takes you on a trip to space where the Earth seems suspended in a limitless void. The snag is that man is slowly destroying his home planet. I lam. 12pm. 2pm. 4pm. spm and 6pm at the Singapore Science85 words
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Article, Illustration477 1993-07-10 25 Blue and White Porcelain Tianminlou Collection The world's most comprehensive collection of Chinese blue and white porcelain art from the Tianminlou Foundation. On at the Empress Place Museum Hall 6 9am to 7.30pm daily. Singapore Historic Sea Town Images of Singapore like you've never seen them before.477 words
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Article198 1993-07-10 25 Christopher Toh - Compiled by Christopher Toh Bwmorphs A unique display of soft sculptures by Cameron Graham based loosel\ on themes of forestscape and the human form. They are assembled from wire mesh and other assorted materials that you can probably find around your home or estate. Till July 18,198 words
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EPICURE
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Article, Illustration627 1993-07-10 26 Mark Graham - Mark Graham meets the man who is introducing Singapore fast-food to the residents of Beijing Mark Graham The writer is a Hongkong-based journalist who contributed this article to Executive Lifestyle SHIPYARD boss Sunny Liew Tin Fook wanted something difTerent for his next investment venture, far627 words
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Article, Illustration532 1993-07-10 26 SUSAN TSANG - By SUSAN TSANG THE Greenhouse, the Elizabeth's 24-hour dining room, has more than just flowers or salads. Though certain sections of the menu are rather restricted (choose from just three soups), the somewhat routine offerings are well-cooked, enough to make a meal at this quiet532 words
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Article563 1993-07-10 26 N K YONG - Wine By N K YONG AT VINEXPO, the most interesting and instructive events are the big tastings which mainly take place outside of the main exhibition. You won't find them listed in the main programme, but those in the trade, particularly the foreign importers and wine563 words
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Article637 1993-07-10 26 SUSAN TSANG - Bon Appetit By SUSAN TSANG LOCAL DINERS familiar with the southern Chinese cuisine that is found here can stretch their horizons further north at the Taikan-En Restaurant. For their Beijing Food Festival, chefs from the Hotel New Otani Chang Fu Gong, Beijing, will prepare a la637 words
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Article, Illustration1043 1993-07-10 28 Aladdfe. Disney version of the tale. A street teen becomes a prince, thanks to a genie with the wit of Robin Williams. Yishun 10: 11.05; I; 2.55; 4.50. Ww. A rugby team gets stranded in the Andes. Ethan Hawke and company chew the corpses. Palatable cannibalistic tale based on1,043 words
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Page 17 Advertisements
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Advertisement233 1993-07-10 17 h n 0 24-hour "Loan Information Service It Approval'' mVB 0 0 3 3 4 3 5 8 8 i H t -11 VT- C;<B ~i Li.ffl 1 1 8 0 Oj'3 3 J'3688 1 ■$>.? linraharfj Since 1735 there has never been a quartz Blancpain watch. And there never233 words
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Page 18 Advertisements
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Advertisement158 1993-07-10 18 Beach across and Ift J touch the soul X of a nation. f) th National Day Special Features To commemorate the 28th National Day of Singapore, the SPH group Q f newspapers The Straits Times, rr* c* rrr Lianhe Zaobao, Lianhe Wanbao, TneStraitsTimes shin mn Dilly News Booking Deadline: July158 words
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Advertisement57 1993-07-10 18 j s BI wfkows fetters N j from you. Please r address them to: j J The Editor. T L Business Times, m J J 390 Kim Seng Rd, i C L Spore 0923. J J Letters should include M C k your contact numbers. J L If:;- J LAW57 words
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Page 18 Miscellaneous
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Miscellaneous96 1993-07-10 18 f DOJ'T <NOU UJHAT'SX \NST€P*D OF TURNiMG L£FT Atf TH£ voo I -we with me I 1 OF "rue. HIGH STReeT i LJQMT roiMOTCS INC VLATei-'Y OM PvND GOT lV Qt4 J r\( [f| i pjST e ASSOC l* Tf 0 NEWSP APtRS LTO HMHI 4 POONESBURY GARRY TRUDEAU OKAY,SOJJ.HA9A96 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration621 1993-07-10 20 Those polled on their view of the Singapore stock market for the week ahead: Baring Securities, Crosby Securities, Daiwa Securities Singapore, DBS Asset Management, Kay Hian James Capel. Kim Eng Securities, Morgan Grenfell Asia Securities, OCBC Investment Research, Ong Co, Peregrine Securities, Phillip Securities, TatSource: Bridge - 621 words
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Article, Illustration230 1993-07-10 20 Gregory Miller - Gregory Miller Managing director Wardley Investment Services he shape of the I US economy and M- the global economy is a "plate" slipping into a recession slowly and coming out of it slowly and we are still far from the other side. There is nothing wrong with230 words
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Article, Illustration805 1993-07-10 20 S N Vasuki - S N Vasuki summarises Union Bancaire Pnvee's forecasts for the second half of this year S N Vasuki IT IS THAT time of the year again when analysts all over the world sharpen their pencils, hold their breath and venture to forecastSource: Bloomberg - 805 words
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1190 1993-07-10 20 Lilian Ng - Unit trusts too had their share of excitement on the Singapore and KL markets, fund managers tell I ilian Ng Lilian Ng Lilian Ng is a freelance writer who contributed this article to Executive Lifestyle IT WAS AN exhilarating time for stock investors1,190 words
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Article, Illustration444 1993-07-10 20 Najeeb Jarhom - CHART By Najeeb Jarhom The writer is research manager at Fraser Securities Technical indicators suggest that the KLSE Composite Index (KLCI) has suffered less damage from the recent plunge in Malaysian lower-liners compared to the Straits Times industrials Index (STII). Although both indices incurredSource: Fraser Securities - 444 words
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Article804 1993-07-10 20 Next publication date: Aug 14,1983 Launch 1 mth 3 mths 6 mths I yr 2 yrs 3 yrs Raakiag H J»ly 5. 1W3 S N S Singapore Straits lian -4.(/2 l* r 22.77 22.03 I*.07 Credit Lyonnais Singapore Gr 2807.69 8.55 I 27.08 I 42.97 I804 words
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Article, Illustration1017 1993-07-10 21 Soh Tiang Keng - Soh Tiang Keng looks at various medical insurance schemes that help pay for hefty hospital bills Soh Tiang Keng WHAT IS a shock worse than the trauma a family goes through on the death of a loved one? It is the devastating impact of a1,017 words
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Article710 1993-07-10 21 R Sivanithy - R Sivanithy suggests an alternative to owning shares R Sivanithy IF YOU'VE been thinking of dabbling in the stock market, but don't want to bet too much of your money, then it might be a good idea to take a look at the warrants sector.710 words
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624 1993-07-10 21 Quak Hiang Whai - Quak Hiang Whai looks at the first factoring firm to list on the main board Quak Hiang Whai INTERNATIONAL Factors (Singapore) could earn more than $5 million this year, going by what analysts arc predicting. This represents a more than 30 per624 words
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Article254 1993-07-10 21 INVESTING YOUR [-■Q-vHc Q: Do I need to open any other account besides the CPF Investment Account to buy shares? A: Yes. In addition to your CPF Investment Account (with an approved bank), you need to open an account with a broking firm to buy254 words
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Article, Illustration315 1993-07-10 21 Paul Leo - Currency spotlight By Paul Leo THE NEW Zealand dollar offers the investor the best of both worlds high interest rates and foreign exchange gains. The Kiwi dollar pays an interest rate of 4.625 per cent, twice that offered by the Singapore dollar for threeSource: Bloomberg - 315 words
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Page 21 Advertisements
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Advertisement148 1993-07-10 21 Personal Investment and Finance Supplement 93 Money makes money. Let the experts tell you what, where and how. Dont miss this year's supplement: "Investing around the World". There is plenty of money-making topics, including: Stocking up stocks experts review opportunities in Singapore, Malaysia, Thailand, Indonesia, India, Australia, US, Europe and148 words
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Page 23 Advertisements
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Advertisement110 1993-07-10 23 ■Membership in Mersing Hills Golf Country Club entitles you to irrevocable and unlimited use of all facilities 4%^l (including guest-Introduction privilege) at Kundartgiakes Country Club. Only 30 minutes from Kuala Lumpur city JJ Bp an 18-hoie SB go* by Michael Coate of AaJ&jmtffr. JB -SsK. ft ;^Br J jhK B-'-.i&r•€.*.110 words
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Advertisement63 1993-07-10 24 jffif X Ahlw'lißeveed Pte Ltd 1 Mantime Square «02 101 Expo Gateway Tel *****42 Cortina Watch Centre Pte Ltd #01-36 Raffles Otv Shopping Centre j|: Tel 33W85 *01-32 Lucky PWa Tel *****84 Thong Hiap Watch Pte Ltd «01-01 Pla/a By The Park Tel I*3lll Watche* of Switzerland *01-32/33 Model No.63 words
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Page 26 Advertisements
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Advertisement22 1993-07-10 26 INVESTING M A SHOFIIOUSE CAN BE A LUCRATIVE MOVE. BUT IS THE CURRENT MARKET OVERPRICED? p "ffiBHB3E2EBH(BHBtt£Bi*^ I hwi B iii J22 words
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Advertisement892 1993-07-10 27 ptf Nothing Beats A Bud. njSQ where to wine, dine and entertain OF Alan g, fond writer of Lianhc Zaobao,"li's a high lea of distinct difference from those we had tried locally." Why go Penang? Princess Terrace Cafe introduces Penang High Tea with favourites like Penang Laksa, Pried Kway Teow,892 words
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Advertisement250 1993-07-10 27 i &v*ericA< TWOdlMd—d I II «W1 T*m«4lt [Saturday Spectacular) ai it*. he Saturda y buffet Lunch at Coleman's Coffee House is a weekend treat really worth y waiting for. This extravagant spread of J/ fabulous Asian cuisine is yours for only 24 hours $13.80" per person The buffet is served250 words
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Page 28 Miscellaneous
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Miscellaneous2493 1993-07-10 28 TODAY'S TV cope with it. given early ■»-j>3l^3PP r 1100 Advantarts of Speed BacI warning, proper diagno- IBT er. sis and treatment. 11.30 Kiag Arthur and His Kanan Kirl OK 111, 3.30pm, Wonders In China, 9am, SBC 8 8.45 Cine SkMrcasa- The *9fT <V fjß fl Knights. sac 5 A2,493 words
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