The Business Times, 29 July 1993
1993-07-29
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The Business Times
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Title Section13 1993-07-29 1 Business Times WE KNOW ASIA MITA (P) 552/12/92 Thursday July 29 1993 75*13 words
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2am LATEST
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82 1993-07-29 1 Reuter BRUSSELS The European Commission yesterday failed to agree on a loan scheme to help steel makers establish a USSI billion (SSI.6 billion) restructuring fund, dealing another blow to the European Community's steel rescue plan. Several commissioners questioned the legal base which wouldReuter - 82 words
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46 1993-07-29 1 AFP PARIS The first stage of the Daya Bay nuclear power plant in south China's prosperous Guangdong province was started up yesterday, Framatomc, the French company which built the project announced here. The plant will be fully commissioned later this year.— AFPAFP - 46 words
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Article, Illustration110 1993-07-29 1 Stock market indices Wednesday Change S'fH „l,794.21 -11.32 KLSE Composite 763.97 8.4 Nikkei „.I9.829.58 Hang Seng 6.903.21 SE1 Index 908.36 15.22 Jakarta Composite ...354.64 -0.86 CLSA China B 840 42 -1 34 Aust All Ord 1.818 4 +3.5 FrSE 100 2.884.2 +4.8 Wednesday Previous Ipm close Dow Jones110 words
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Article, Illustration685 1993-07-29 1 Quak Hiang Whai, Alvin Tay - By Quak Hiang Whai, Alvin Tay SINGAPORE Singapore's financial institutions are poised for record earnings this year, judging by the rosy interim results released this week by listed banks and finance companies. Yesterday, newly-listed Keppel Bank reported a 74.4 per cent jump in685 words
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510 1993-07-29 1 AP TOKYO Seven opposition parties looked set Wednesday to form a coalition government. eroding further the Liberal Democratic Party's hopes of keeping the power it has held since 1955. Opposition leaders indicated yesterday they had decided to go ahead with a non-LDPAP - 510 words
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469 1993-07-29 1 Catherine Ong - From Catherine Ong in HONGKONG PRESENTING one of the most optimistie assessments of China's economic outlook. Nomura Research Institute has said the Chinese government should successfully cool the economy and bring inflation down to a single-digit level next year. A469 words
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Article, Illustration541 1993-07-29 1 Amy Balan - By Amy Balan SINGAPORE Malaysian companies have emerged as the leading players in China's fledgling gaming industry. Seven Malaysian companies Berjaya, Magnum. Dunlop Estates. Ekran. Granite, Larut. and Talam have various contracts to supply equipment for and run lotteries. slot machines and541 words
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104 1993-07-29 1 Reuter FRANKFURT The German Bundesbank, under pressure to reduce its official interest rates to support the weak French franc, yesterday allowed a key money market interest rate to drop sharply. The Bundesbank offered funds to the money market at a minimum rate of 6.95Reuter - 104 words
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Advertisement216 1993-07-29 1 C3c FR Ca« sette Receiver with DSP Sound Processor/CD Changer Contro* FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone. 235 1333 Kuala Lumpur: Phone: 757 0233 Penang: Phone, 615 985/619 014 Jakarta: Phone, *****9/*****8 Rao survives confidence vote. Back I^age Moves afoot to link Afta with Europe Talks between216 words
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Advertisement8 1993-07-29 1 Innovation: Pg 20 Time travel conies to S'pore8 words
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Advertisement20 1993-07-29 1 Hock Lock Siew: rg 9 Indon plywood stock worth considering I nccrtainty in China raising risk in Ilk, Page 420 words
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Advertisement7 1993-07-29 1 Keppel Bank profit leaps 74pc, Page 97 words
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Advertisement81 1993-07-29 1 The Bottom Line: hock Dreams of ajhotel boom in. F/Vrra/i INVENTING '<N 3K~ 111 VmWIII 1 wl WW Free with your BT today If your free Investing "93 supplement is mtssing from today's BT, call SPH Circulation Customer Service on 1800-*****77 br °i^ ht true Cantonese cuisine !P«r i We81 words
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Advertisement16 1993-07-29 1 CERRUTIIBBI SWISS WATCHES Time is on my side Berjay a to manage Shenyang lottery. Page 1016 words
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SINGAPORE NEWS
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eye on the ECONOMY
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Article, Illustration335 1993-07-29 2 Paul Leo - By l Paul Leo GROWTH in money supply M 2 improved in May to 6.3 per cent, leading analysts to believe that April M 2 growth of 5.7 per cent was probably the low point for the year. M 2 comprises currency in active circulation,Source: MAS - 335 words
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189 1993-07-29 2 A J Leow - By A J Leow HONGKONG tycoon Deacon Chiu's Far East Holdings International (Fehi) has sold its Leedon Court apartment block near Holland Village for $24 million. Property consultant Jones Lang Wootton, which brokered the deal, told BT yesterday that the 12-storey block off189 words
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Article, Illustration502 1993-07-29 2 Asean Post-Ministerial Conference TALKS between Asean and its key trading partners ended yesterday with moves to link the Asean Free Trade Area with the Single European Market (SEM) and the North American Free Trade Area (Nafta). The moves to link Afta with502 words
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108 1993-07-29 2 THE United States would like to see the Asia-Pacific Economic Cooperation (Apec) forum evolve from a mere talk-shop into something more concrete over time. Asked yesterday after the wrap-up of talks between Asean and its seven dialogue partners if Apec would108 words
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252 1993-07-29 2 Sylvia Wong - By Sylvia Wong SEVERAL members of parliament will be raising questions on two of today's hottest topics share rigging and overseas properties in parliament tomorrow. Nominated MP Walter Woon will ask the Finance Minister if there are adequate penalties in252 words
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NEWS ROUNDUP
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116 1993-07-29 2 A HOMEGROWN contractor-turned-developer is launching the sale of its first overseas project this weekend with an upmarket condominium development in Malaysia. According to Equator Land managing director Eddy Ng. the Wadihana could be regarded as the "first true condominium project" in Johor Baru. The Ms4s116 words
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81 1993-07-29 2 AMERICAN Express is offering not one. but two. grand prizes in its new programme to encourage cardmembers to charge to their Amex cards. One is a 113 sqm two-room apartment in The Allanda Phuket, a freehold condominium project along the northwest coast of Phuket. The81 words
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Article47 1993-07-29 2 IBM Singapore clarified that the net profit ol SS6S million reported yesterday in the article "IBM turns in massive USSR billion second quarter loss" did not come from the company. B1 obtained the figure from a search at the Registry ol Companies and Business.47 words
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294 1993-07-29 2 ASEAN yesterday urged more businessmen to get involved in its economic co-operation with dialogue partners European Community, Canada and Australia. The call was made in separate meetings between Asean and the dialogue partners, and was spelt out in a new accord294 words
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SNIPPETS
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75 1993-07-29 2 INDIA and other South Asian countries may take part in the Asean Regional Forum to discuss issues of regional defence and security, said Singapore Foreign Minister Wong Kan Seng. "I will not rule out the possibility of involving some of those countries in75 words
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62 1993-07-29 2 ASEAN is relieved by the strong endorsement of United States Secretary' of State Warren Christopher for a peaceful settlement of the dispute in the South China Sea. said Singapore Foreign Minister Wong Kan Seng. Mr Wong added that he found "extremely helpful" Mr Christopher's statement62 words
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Article43 1993-07-29 2 ASKED by a British journalist whether weapons made in Singapore were being used by the Myanmar army. Foreign Minister Wong Kan Seng dismissed such talk, saying there were all kinds of rumours about Singapore's arms sales to Burma.43 words
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61 1993-07-29 2 DOES Malaysia feel that non-Asian countries such as the United States and Australia are jumping on the bandwagon of South-east Asia's economic success? Malaysian Foreign Minister Abdullah Badawi said: "Malaysia welcomes any country to take advantage of our success." This, he said, was Asean's61 words
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55 1993-07-29 2 WILL Taiwan and Hongkong attend the Apec leaders' conference in Seattle in November? US Assistant Secretary of State for East Asian and Pacific Affairs, Winston Lord, said: "We certainly hope that all 15 parties in Apec accept the (US) president's invitation to attend55 words
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Article, Illustration230 1993-07-29 2 Genevieve Cua - By Genevieve Cua JUNCTION 8. a $140 million retail and commercial complex taking shape in Bishan. is expected to generate a turnover of Sis million and profits of $5 million in its first year of operaton next year. For Singapore Technologies Industrial Corporation, whichPhoto by Arthur Lee - 230 words
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229 1993-07-29 2 SINGAPORE Telecom has teamed up with Indonesian and US partners to launch Indonesia's first nationwide paging venture, PT SkyTelindo Services. Sky Tel is a joint venture between Singapore Telecom International. PT Indokom Primanusa and US-based Mobile Telecommunication International Inc (Mtel). PT229 words
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Advertisement347 1993-07-29 2 '-*3551 irr' Seminar on SSSShlTiotal Planned*""" iM«.AL,TY MfI.NTENANttgSj WflHlVty August 1993, Hilton SliHt>WggMl ■■is- This course is designed for participants to learn current maintenance management, concepts and practical techniques that are required to improve performance and costs in maintaining facilities in both private industry and public sector. Key Topics: Ascertain347 words
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Advertisement11 1993-07-29 2 Reports by Yang Razali Kassim, Chuang Peck Ming and Harish Mehta11 words
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THE REGION
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537 1993-07-29 3 AFP MANILA The Asian Development Bank (ADB) plans to resume normal lending to Vietnam this year, ending a nearly two-decade impasse, even if the US trade embargo continues, a senior official said here yesterday. Ricardo Tan. programmesAFP - 537 words
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149 1993-07-29 3 AFP HANOI Lifting the US economic embargo on Vietnam would help not hurt the process of accounting for US servicemen missing from the war, the US general in charge of the effort said yesterday. Major-General Thomas Needham. head of Joint TaskAFP - 149 words
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Article, Illustration260 1993-07-29 3 Bernama KUALA LUMPUR Prime Minister Mahathir Mohamad yesterday assured Palestine Liberation Organisation (PLO) chairman Yasser Arafat that Malaysia will continue to support the PLO in its struggle against Israel. Dr Mahathir said he gave the assurance because "we sympathise withBernama; AFP - 260 words
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511 1993-07-29 3 Reuter SINGAPORE Vietnam ranks high on the priority list of many big American companies interested in investing in Asia, a survey by the East-West Centre in Honolulu says. Vietnam ranked fourth after China, Indonesia and Thailand in the survey of 34 UnitedReuter - 511 words
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285 1993-07-29 3 AFP JAKARTA The Sejahtera (Welfare) Indonesia free trade union (SBSI) plans to open its first congress today although authorities have yet to give it the green light. SBSI chairman Mochtar Pakpahan said yesterday: "Up until now, we have not yet receivedAFP - 285 words
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228 1993-07-29 3 Ven Sreenivasan - By Ven Sreenivasan SINGAPORE Japanese electronics giants are sourcing more materials and components in South-east Asia to cut costs and side-step the rising yen. The latest is Hitachi, which will set up regional purchase centres in Singapore and Hongkong. They will be228 words
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493 1993-07-29 3 JAKARTA Property demand. which is beginning to rise again after years of decline, can he expected to stay on the upswing and peak in the 1996-1998 period. The Jakarta Post yesterday quoted the president of PT Pembangunan Java, Ciputra, as saying:493 words
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267 1993-07-29 3 JAKARTA Five Sumatra branches of the Indonesian Chamber of Commerce and Industry (Kadin) have established a joint permanent committee to support the development of of the Northern Growth Triangle involving Indonesia, Malaysia and Thailand. The Jakarta Post yesterday quoted Kadin267 words
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395 1993-07-29 4 Reuter BEIJING Joblessness in China, already rising as the socialist lifetime-employment system is dismantled, will surge as Beijing puts the brakes on overheating economic growth, the official China Daily said. A crackdown ordered this month on speculative real estate dealsReuter - 395 words
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340 1993-07-29 4 Reuter BEIJING China will for the first time allow its flourishing border trade with Russia to be conducted in Chinese currency, taking a small step towards convertibility of the renminbi, the official China Daily said. Officials did not linkReuter - 340 words
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Article, Illustration315 1993-07-29 4 Reuter TAIPEI Surging overseas travel spending by Taiwanese may exceed Taiwan's trade surplus for the first time in over a decade this year, officials said. The overseas travel boom is emerging as a major factor cutting the island's balance of payments. which slumpedReuter - 315 words
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114 1993-07-29 4 Reuter TAIPEI Taiwan's ruling Nationalist Party, making a gesture of reconciliation towards China, will allow three Chinese journalists to cover its 14th congress next month, officials said. The reporters will be the first from communist China to cover a Nationalist meeting. The Nationalists haveReuter - 114 words
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307 1993-07-29 4 Reuter BEIJING China, showing its determination to control its experiment in stock trading, clamped down on one of the largest unauthorised stock markets in the country, the official Xinhua news agency said yesterday. The free market, in China's most populous province of Sichuan.Reuter - 307 words
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ASIA NOTES
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79 1993-07-29 4 Bloomberg Business News HONGKONG China's vice-premier and senior economic official Zhu Rongji is secretly touring the southern provinces to make sure the central government's economic policies are being followed, a pro-China newspaper has reported. According to the South China Morning Post, the Hongkong-based Wen WeiBloomberg Business News - 79 words
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Article, Illustration37 1993-07-29 4 Reuter MOKPO, South Korea South Korean President Kim Young Sam consoling a young boy injured in the crash of an Asiana Airlines plane, at a hospital in the south-western city of Mokpo yesterday. ReuterReuter - 37 words
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Article74 1993-07-29 4 Reuter CANBERRA Treasurer John Dawkins said Australia's inflation rate compared favourably with that of its major trading partners. The Bureau of Statistics said earlier the consumer price index (CPI) rose 0.4 per cent in the June quarter for an annual inflation rate of 1.9 per cent.Reuter - 74 words
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80 1993-07-29 4 AFP ISLAMABAD Pakistan said it had again proposed to India that the traditional enemies sign the nuclear test ban treaty, but had again been turned down by New Delhi. The proposal, originally conveyed to New Delhi during the government of the late PakistaniAFP - 80 words
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59 1993-07-29 4 UPI ISLAMABAD Pakistan, which has been seeking alternative sources for weapons following a ban by the United States on military sales to Islamabad, will buy six frigates from Britain, a spokesman for the Pakistan Navy said. Secretary of Defence Saleem Jilani will receive theUPI - 59 words
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534 1993-07-29 6 AFP NEW DELHI Indian hopes of quickly wrapping up negotiations for a crucial loan from the International Monetary Fund (IMF) have faded with the agency seeking an extended dialogue amid political uncertainty here. New Delhi had hoped to reach agreement onAFP - 534 words
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Article, Illustration373 1993-07-29 6 AFP SYDNEY Australia recorded an inflation rate of 1.9 per cent in the year to June, according to new data which increases the chance of an interest rate cut, analysts said yesterday. Only an unexpected blowout in the current account deficit dataAFP; Reuter - 373 words
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225 1993-07-29 6 UPI NEW DELHI Prime Minister PV Narasimha Rao told the Indian parliament yesterday that a Russian team plans to come to India to hold discussions of the cryogenic rocket deal. Mr Rao claimed Russia has "not reneged" on the contract for the transferUPI - 225 words
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400 1993-07-29 6 Florence Chong - Prom Florence Chong in SYDNEY A SINGAPORE-based group is poised to purchase a Sydney hotel for about Asso million (5554.8 million). But the name of the buyer of the Darling Harbour Parkroyal is being kept under wraps until the contract is400 words
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166 1993-07-29 6 Reuter COLOMBO The ethnic conflict which has lulled 30,000 people in the last decade must end before Sri Lanka can achieve sustained economic growth, a top businessman said yesterday. "A settlement of the war is of paramount importance for a stable macro-economic environment,Reuter - 166 words
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Advertisement33 1993-07-29 3 ALFRED DUNHILL Don't Miss The Alfred Dunhill Sale. fTJte (l/red uiJu/l < fa/e t'/s now on. At The Paragon, Hilton International Hotel, Palais Renaissance And Leading Department Stores. (j/aJWCJS to treasure since /Sfy 9.33 words
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Advertisement67 1993-07-29 4 I 1 JO O u> CA liiiiim limm. Imii fli 111 fiMwiim inn A collection ol line wiling instiuments that embody the intiiguing design ol the Ait Deco Age mmmmmmm mm IHi BBS "'3 BBS IMnr i J L pipißiiMi A SIVU 1111 l IIMIIII I Solr Agrni. HISTA CORPORATION67 words
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Advertisement8 1993-07-29 4 Analysis: From slow growth to deficits, Pg 238 words
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Advertisement247 1993-07-29 5 sp9^^V,''«2£^Bi^^H^^HZ^VA^Hfl^B3^^^H^^^B 3^Qyia^H^HlHflHlM^HS^^H^^l <-•■ 'TSfiS i ♦HIJII L-. J P:: r:&&3B I pM^SSSNi Pfe It--14^^ 'j4^ *3, 1 ml r v ngn N sfc^ > P»y..TF bI j M^sk&'%;*§: f 11 ?l«tf i^W^ V+*mmm< V- >' ■F v, v j, jo?"'' r4 JSr Bifr" .-%vtiiiSfc»^Jffr r aJs&t '~d(™^F^ t v J?247 words
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Advertisement194 1993-07-29 6 *< a v At SPH, reporting and reviewing the performing arts is part of our business. But we don't stop there. We also help shape and support performing arts groups, such as the Asian Youth Orchestra (AYO). This year, aside from the concert, we're also giving scholarships to the seven194 words
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Advertisement471 1993-07-29 7 Citibank Miles Ahead Travel Program Just Apply And Fly. O Apply for a Citibank VISA or MasterCard now and you September 30,1993, you'll get one travel point. The more points you IONOOH can soon start to enjoy the many unique advantages of our Miles accumulate, the more destinations you get471 words
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THE WORLD
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406 1993-07-29 8 AP MOSCOW Russian lawmakers have moved to cancel the central bank's controversial decision to invalidate billions of old roubles. The Interfax and Itar-Tass news agencies said yesterday that stores would be ordered to keep accepting notes printed before 1993. The old notes wouldAP - 406 words
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261 1993-07-29 8 AP WASHINGTON President Bill Clinton said yesterday the US would "seriously consider" using air power in Bosnia if asked to defend besieged United Nations peacekeepers. Mr Clinton said the French government had not formally requested the air strikes. "The positionAP - 261 words
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Article, Illustration442 1993-07-29 8 Reuter LONDON Britain's High Court finished hearing a challenge to the government's process of ratifying the EC Maastricht Treaty yesterday and said its decision would be announced tomorrow. The three judges hearing the case said they needed "a little time"Reuter - 442 words
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Article, Illustration112 1993-07-29 8 Reuter ROME At least five people died and around 26 were injured when three bombs shook Rome and Milan in a new wave of Italian terrorism apparently- aimed at cultural targets, police said. The first exploded on Tuesday near Milan's formerReuter - 112 words
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304 1993-07-29 8 Reuter LONDON British interest rates arc set to be cut perhaps even within days or weeks to strengthen the backbone of a rather frail recovery, economists said yesterday. The economists believe Chancellor of the Exchequer Kenneth Clarke will orderReuter - 304 words
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263 1993-07-29 8 Reuter PARIS As if the news on the unemployment front was not grim enough, the Organisation for Eeonomic Cooperation and Development has taken a hard look at two favoured remedies and found them wanting. The OECD's annual Employment Outlook, released last week, concludes that theReuter - 263 words
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WORLD WATCH
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Article87 1993-07-29 8 Bloomberg Business News WIESBADEN, Germany Germany's trade surplus narrowed to a preliminary 1.2 billion deutschemarks (SSI. 14 billion) in April from an unrevised 4.9 billion marks in March, the Federal Statistics Office said. In a statement, the office said exports fell 6.5 per cent inBloomberg Business News - 87 words
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Article100 1993-07-29 8 AFP SAN JOSE Central America's foreign ministers meeting here are considering backing Taiwan's bid to join the United Nations, government sources said. The Taiwanese Minister of Foreign Affairs Fu Chien is expected to brief his Central American counterparts on his government's efforts to joinAFP - 100 words
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Article, Illustration40 1993-07-29 8 Reuter SHOUKINE. Lebanon A militiaman from the Shi'ite Amal movement carrying an anti-aircraft Soviet-made Strela (Sam-7) passes by children in the village of Shoukine. The child on the far left looks skvwards to check for warplanes. ReuterReuter - 40 words
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81 1993-07-29 8 Reuter WARSAW More than 100 of 440 state-owned firms invited to participate in Poland's mass sell-ofT programme have rejected the offer. Privatisation Ministry spokeswoman Anna Wolynczyk said. She said they were seeking other ways of becoming private companies and were not opposed to theReuter - 81 words
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93 1993-07-29 8 AFP LONDON Northern Cyprus has given its strongest indication to date that it may be prepared to abandon its uncompromising protection of fugitive tycoon Asil Nadir, the Financial Times reported. The authorities, with the apparent blessing of the Turkish government, have invited senior officersAFP - 93 words
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Advertisement597 1993-07-29 8 SEMBAWANG SHIPYARD LIMITED (Incorporated in the Republic of Singapore) INTERIM RESULTS 1993 THE DIRECTORS OF SEMBAWANG SHIPYARD LIMITED ANNOUNCE THE UNAUDITED RESULTS OF THE COMPANY AND THE GROUP FOR THE HALF YEAR ENDED 30 JUNE 1993 AS FOLLOWS: COMPANY GROUP 1993 1992 1993 1992 SS'OOO SS'OOO SS*OOO SS'OOO Revenue 182.416597 words
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COMPANIES & MARKETS
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Article, Illustration559 1993-07-29 9 Quak Hiang Whai - Buoyant results for three Asean banks By Quak Hiang Whai SINGAPORE Keppel Bank yesterday announced a 74.4 per cent jump in group net earnings for the first six months of this year, thanks to improved interest margins, loan growth and a surge inSource: Bridge Info - 559 words
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Article, Illustration326 1993-07-29 9 Paul Leo - By Paul Leo SINGAPORE Public Bank Bhd has lived up to Euromoney's 1993 best bank in Malaysia award by announcing interim group and bank after-tax profits of M 583.55 million (5552.64 million) and M 547.13 million, up 30.7 per cent and 30.1Source: Bridge Info - 326 words
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Article, Illustration346 1993-07-29 9 Alan Boyd - From Alan Boyd in BANGKOK BANGKOK BANK has lifted interim earnings 43.7 per cent to 6.98 billion baht (***** million), amid signs that the slowing Thai economy will affect earnings in the second half. The after-tax result, which is slightly better thanSource: Bridge Info - 346 words
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782 1993-07-29 9 William Chia - HOCK LOCK SIEW By William Chia SINGAPORE It is difficult to think of a new share listing that has generated more controversy in the Indonesian stock market than the plan by timber baron Prajogo Pangestu to float his flagship plywood company. Barito782 words
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Article, Illustration263 1993-07-29 9 Joseph Rajendran - By Joseph Rajendran SINGAPORE Specialist contractor Rotai7 Engineering closed its public share ofTer yesterday with the fixed-price portion drawing a subscription rate of 3.5 times. Lead underwriter ABNAmro Asia said the offer attracted about 95,000 applications and about 5220 million in application monies. About263 words
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Article, Illustration374 1993-07-29 9 Source: Bridge Info Performance ef STII's Index stocks Jul 28 Last Seiv Ia4r\ Stork sale (h|e factor i ■o*rrt ($> (I) Atimo 2060 1 62 (A( 7000 -0 050 5.52 625 t crctws 5 750 0 350 4 53 -43 75 FAN 13 100 -0.200 10 33 25 00Source: Bridge Info - 374 words
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COMPANIES
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COMPANY BRIEFS
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56 1993-07-29 10 SINGAPORE Guthrie GTS has sold half of its wholly-owned Laotian subsidiarv, GTS Detieo, to Central Plaza Hotel for USS6 million (559.6 million). GTS Detieo owns the 233-room Belvedere Hotel in Vientiane. Central Plaza Hotel is a listed group in Thailand, with interests in56 words
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Article61 1993-07-29 10 SINGAPORE Liang Court Holdings yesterday acquired 75 per cent of Primawell Investments, a locally-incorporated holding company. Liang Court paid Goh Poh Joo US$BOO,OOO (551.288 million) for 375,000 Primawell ordinary shares of Ssl each. Primawell has a 70 per cent interest in West Lake Development,61 words
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61 1993-07-29 10 SINGAPORE Commerce Asset-Holding Bhd said its group after-tax profit rose 26.5 per cent to M 555.46 million (5534.94 million) in the six months ended June 30. Earnings per share improved to 25.1 sen from 20 sen. Group earnings were contributed mainly by Bank of Commerce61 words
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Article46 1993-07-29 10 SINGAPORE Sembawang Construction has clinched a $13.08 million contract to build a basement carpark for a proposed six-storey shopping and commercial complex at Tampines. The 6,300 sq m complex is being developed by First Tampines Land, a subsidiary of First Capital Corporation.46 words
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53 1993-07-29 10 SINGAPORE EON Bank chairman Rin Kei Mei has been appointed a director of Cycle and Carriage Ltd. Mr Rin is also deputy ehairmap of EON Bhd and chairman and chief executive of EON Finance. CCL has also appointed Owen Howell-Price an alternate director to53 words
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Article75 1993-07-29 10 Bernama KUALA LUMPUR UCM Industrial Corporation Bhd yesterday said negotiations on a restructuring scheme are being conducted with interested parties, and sought a suspension of trading in its shares on the Kuala Lumpur Stock Exchange. In a statement to the KLSE, UCM requested the temporaryBernama - 75 words
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307 1993-07-29 10 Dexter Lee - By Dexter Lee SINGAPORE Panicky Sembawang Shipyard shareholders dumped their stocks in early trading yesterday, driving the counter 90 cents or 7.8 per cent down to an intra-day low of $10.70. Dealers said the first quote of the day was307 words
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438 1993-07-29 10 Leslie Lopez - From Leslie Lopez in KUALA LUMPUR MALAYSIAN businessman Vincent Tan Chee Yioun is fast expanding his Berjaya group's interests in China's potentially lucrative gaming market. In a joint statement to the Kuala Lumpur Stock Exchange yesterday, Berjaya Bhd and Mr Tan's local lottery438 words
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228 1993-07-29 10 Bernama KUALA LUMPUR The MBf group yesterday announced it had entered into an agreement to build a new coalfired power plant in North Vietnam with a total investment of US$l.2 billion (SSI.9 billion). In its statement released here, the groupBernama - 228 words
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255 1993-07-29 10 AFP MANILA Philippine Airlines (PAL) will float US$lOO million (SSI6I million) worth of bonds in Europe starting on Aug 5 in a major bid to raise funds for its expansion programme, a company statement said yesterday. The statement quoted PAL chairman andAFP - 255 words
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Article, Illustration663 1993-07-29 10 MARKETWATCH Reuter NEW YORK Who thought IBM could fall this far? The name that symbolised the worldwide power of American corporations in the 1960s and 1970s announced on Tuesday it was taking a US$B.9 billion (5514.3 billion) charge and again slashingReuter - 663 words
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Article, Illustration430 1993-07-29 10 Reuter LONDON Global news and information organisation Reuters Holdings pic has posted a 14.6 per cent rise in pre-tax profit in the first half and said it would be spending more on acquisitions in the second half. But chief executive Peter Job saidReuter - 430 words
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339 1993-07-29 10 Reuter TOKYO Japanese brokers are scurrying to attract investors to shares of East Japan Railway Co (JR East) in the hope its huge listing will boost their sagging fortunes. But some analysts say their hopes may be too high. BrokerageReuter - 339 words
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Article463 1993-07-29 10 UNIT TRUSTS FUNDS Manager*' pricat Jul 29 Insurance Fund >• T Income Bond Polio J 36 J 48 Singapore unit trust The Connote I 32 I.W riuOf^B The Savings Fund 1.22 1.28 PruLink Mgd Fund 115 1.21 S'porc Prog Fund 0 56 0)9 ***** I1iim8mhI» S"pore See Fund 0 40463 words
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Article618 1993-07-29 10 Payment Ex Books Pay date close date \lcx Hides 50* b 6 Aug 31 Sep 6 Sep 28 Amcol 25' F 20 Jul 13 Ji%l 19 Aug 16 Asia Pac Ld 50* b 2TE Jul 26 Aug 10 Sep 8 Bolton b 5 Sep 6 Sep 18 Sep618 words
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FINANCE & COMMODITIES
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277 1993-07-29 11 Soh Tiang Keng - By Soh Tiang Keng SINGAPORE The Agricultural Bank of China has signed a syndication deal with five local banks to raise USS26 million (SS42 million) from the Asian dollar market. The five-year loan bears interest of 0.475 per cent over277 words
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247 1993-07-29 11 Knight-Ridder JAKARTA The size of Indonesia's bond market is set to grow nearly 50 per cent by the end of the year, with a substantial number of new issues being prepared, brokers here said yesterday. New bond issues totalling almost 2 trillion rupiahKnight-Ridder - 247 words
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212 1993-07-29 11 Bloomberg Business News BANGKOK Thai Rating and Information Services Co Ltd (Tris), Thailand's first credit rating company, has been granted a licence to operate by the Securities Exchange Commission. The company will issue its initial bond ratings by mid-Sep-tember, said Vuthiphong Priebjrivat. managing directorBloomberg Business News - 212 words
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Article, Illustration392 1993-07-29 11 AP WASHINGTON "Declines in prices for agriculture, fishery and forestry products including sharp drops for coffee and cocoa are hurting the developing world, the UN Food and Agricultural Organisation said on Tuesday. And prices are expected to rise sluggishly at best through the endAP - 392 words
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SMALL CHANGE
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Article103 1993-07-29 11 Bloomberg Business News MELBOURNE National Australia Bank Ltd said it plans to accept an offer from a Papua New Guinea investment group for its 87 per cent stake in Bank of South Pacific Ltd. National Investment Holdings Ltd has offered to buy the stakeBloomberg Business News - 103 words
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Article99 1993-07-29 11 Bloomberg Business News LONDON British composite insurer Commercial Union pic said global new life and pension premiums rose by 7 per cent in the first-half of this year from a year earlier. Worldwide new business in life and pensions premiums rose to £531.4 million (551.28Bloomberg Business News - 99 words
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Article56 1993-07-29 11 Reuter FRANKFURT Group operating profit at Germany's Commerzbank AG is forecast to continue to rise in the first half of 1993, but almost exclusively on the back of strong growth in earnings from securities trade. Analysts expect the initial 1993 trend at Commerzbank to extend toReuter - 56 words
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67 1993-07-29 11 Reuter WASHINGTON A federal judge dismissed a US$lO.5 billion (5516.95 billion) lawsuit filed by liquidators for Bank of Credit and Commerce International against Sheikh Khalid bin Mahfouz of Saudi Arabia. The suit was also filed against National Commercial Bank. Saudi Arabia's largest bank, whichReuter - 67 words
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348 1993-07-29 11 Reuter ZURICH Major Swiss banks will report record increases in first-half profits following sharp interest rate falls during the last six months and lower provisions against bad debt, analysts said. Some smaller Swiss banks have already reported rocketing profits forReuter - 348 words
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436 1993-07-29 11 Bloomberg ENERGY REPORT LONDON Crude oil futures prices in London and New York traded lower yesterday on revived concerns that there is too much crude oil still available on world markets. The American Petroleum Institute report shows US crude oil inventories falling 6.3436 words
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Article, Illustration114 1993-07-29 11 THE USS/yen led the way again yesterday with huge purchases of yen evident. Over in the USS/SS market. the USS was sold by offshore commercial interest from the morning. Local banks provided support for the USS in an otherwise USS bearish market. The USS moved114 words
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Article193 1993-07-29 11 Bloomberg Business News LONDON The dollar slipped against the deutschemark and yen despite a 20 basis point drop in the Bundesbank's securities repurchase rate to 6.95 per cent which fueled speculation of a deep German discount rate cut today, traders said. The dollar suffered from an erosion of itsBloomberg Business News - 193 words
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Article77 1993-07-29 11 AFP NEW YORK The dollar slid in morning trading yesterday. apparently reacting to the Bundesbank's dropping its repurchase rate lower than expected. At around 9:45 am. the dollar was trading at 1.7215 German marks, down from 1.7285 Tuesday and 105.62 yen. down from 106.15. The US currency lostAFP - 77 words
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Article, Illustration1660 1993-07-29 11 IraJt' *i i<ihh\J iruk-y lak ulahil anjmsi Spirt's top 14 trading partiui Ha* nor /<WS US$/S$ forward rates Noon July 28 s$ Bid Oflrr 1-month ***** I6IM 2-month ***** 1.6161 V month 1.6146 1.6161 6-month 1.6140 1.6160 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 11m m My 2S Singapore1,660 words
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COMMODITIES & FUTURES
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1415 1993-07-29 12 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars interest rate futures ended little changed yesterday after mov ing within a tight two-tick band in the absence of fresh incentives, dealers said. December settled at 96.09 against 96.08 on the IMM previously and September at 96.58 againstReuter - 1,415 words
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Article618 1993-07-29 12 COMMODITY REPORTS Tin TIN price rebounded sharply yesterday from its record low level, closing 35 sen higher at a two-week high of MS 12.75 per kg on a stronger London market overnight, traders said. The rise reflected a technical adjustment and some speculative buying from618 words
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Article67 1993-07-29 12 SYDNEY Australian miner Pasminco Ltd said its production of zinc climbed in the quarter and year ended Jun 30. Lead production was down in the quarter but higher for the 12-month period than year-ago levels. Overall zinc production rose to 142.118 tonnes for the quarter and67 words
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125 1993-07-29 12 JOHANNESBURG South Africa's Chamber of Mines has said its 5 to 8-per cent basic wage increase offer to gold mine members was "full and final." and expressed regret that the National Union of Mineworkers would approach members with regard to the conduct of125 words
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98 1993-07-29 12 MANILA The Philippine Asset Privatisation Trust yesterday gave Philnico Mining Corp until Oct 30 to present a financing package to restore the country's largest nickel mining and refining facility. "In effect we are extending the deadline for Philnico from Jun 30 to Oct 30 to98 words
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56 1993-07-29 12 CANBERRA Australia's gross value of agricultural commodities produced for 1992-93 (JulyJune) recorded a 3.3 per cent increase over the previous 12-month period, according to a government report released here yesterday. The Australian Bureau of Statistics said its preliminary estimates showed the country's commodities obtaining a value56 words
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Article1650 1993-07-29 12 HAS Com wo dtty Exchange (futi HTM Clot Jag at at 1pm) HAS (physical prices) RSS 1 Contract (S cents/kg) A* 19 Buyers c Soltors —/i Close Volume Open as at noon J uiuv Kg; Month High Low Sctt (tonnes) Interest RSS 2 Aug 93 130.25 I3I.25N Aug1,650 words
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REGIONAL STOCK MARKETS
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Article1079 1993-07-29 13 +3.5 Shares closed higher yesterday, with an upbeat News Corp the focus in otherwise subdued trade. "It really was a bit of a nonevent day there was no real direction." said Grant Patterson of BZW Australia. Brokers said the market traded in a tight range after opening and the1,079 words
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Article632 1993-07-29 13 +2.59 Share prices closed mixed with Manila inching up to a new re- cord and Makati losing steam as profit-takers dominated the last few hours of trading, brokers said. "The market started strong but later it was dominated by profit-takers with ABS-CBN and Meralco (Manila Electric Co) taking the632 words
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Article612 1993-07-29 13 -50.81 Taiwan stocks ended lower across the board after nervous investors, seeing no signs of gains in early, narrow trade, sold in the last hour, brokers said. The weighted index wavered narrowly for most of the session but late selling pulled it down 50.81 points or 1.3 per cent612 words
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Article278 1993-07-29 13 +25.65 A buoyant New Zealand share market gained 1.5 per cent on good volume, thrusting the NZSE-40 capital index to fresh three-year highs. "If you want to isolate one factor, it's interest rates," said Ord Minnett Equities Director John Rattray. Ninety-day bank bills fell to all-time lows of278 words
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Article348 1993-07-29 13 •1.45 The stock market closed slightly lower in featureless trading after institutional profit-taking wiped out an early two-point gain, brokers said Lacklustre conditions are expected to linger. Buying interest will be confined to shares with low price/earnings ratios, they said. The composite stock index ended 1.45 lower at 749.03348 words
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WORLD STOCK MARKETS
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Article589 1993-07-29 13 +4.8 Shares ended the day slightly firmer yesterday amid hopes of an imminent cut in German interest rates followed by a UK rate reduction. dealers said. The FTSE 100 index ended 4.8 points up at 2.884.2. It peaked at 2.895.7 before Wall Street weakness in the afternoon drove prices589 words
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Article167 1993-07-29 13 -8.58 The French CAC-40 index closed lower yesterday as the franc strengthened against the deutschemark. making an imminent departure from the European exchange rate mechanism look less likely, traders said. The CAC-40 index of blue-chip French stocks closed at 1.989.53, down 8.58 on the session. The French franc strengthened167 words
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Article149 1993-07-29 13 Share prices ended at their lowest level of the day, caught in a futures-led decline towards the close after weakness on the bond market. The 30-sharc DAX was down 11.32 at 1.833.91. Frankfurt Jaiy M DM M| 1*2-00 -I 10 BASF 257 10 -140 BMW ***** 00 Ba»cr 2%.*0149 words
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Article139 1993-07-29 13 +0.18 Belgian shares ended virtually unchanged after spending most of the day in a tight range with dealers saying the market was cautious ahead of a possible German rate cut today. The Bel-20 index ended 0.18 points, or 0.01 per cent, higher at 1,301.67. It earlier dipped into negative139 words
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Article237 1993-07-29 13 +7.3 Swiss shares ended firmer after volatile trading which saw the main indices slip slightly below Tuesday's close. Dealers said the market was dominated by professionals and trading was to a large extent technically driven. The all-share SPI index firmed 7.30 points to 1,520.63. The SMI index of leading237 words
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Article285 1993-07-29 13 +14 South African gold shares ended higher across the board amid increased optimism about the metal's next move and generally supportive buying from local and offshore investors, dealers said. The gold index made 53 points to 1.970 while the JSE Industrial Index rose 14 points to 4.526. The overall285 words
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Article327 1993-07-29 13 +42.11 Buoyant Toronto stocks continued to post goldstimulated gains in moderate early dealings yesterday. traders said. "Golds are propelling Canada right now. Oils are up a bit, everything else looks a little sloppy," one dealer said. The previous metals index jumped a further 196.44, or 2.10 per cent, to327 words
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Article762 1993-07-29 13 •2.24 Wall Street stocks eased yesterday as leading blue chips Merck and Du Pont lost ground. The Dow Jones Industrial Average was off 5.03 points to 3.560.43 at 1 pm EDT, with volume on the New York Stock Exchange reaching about 155 million shares. Losers edged out gainers762 words
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Article127 1993-07-29 13 +3 Italian stocks ended mixed as nervousness about car bombs Tuesday night in Milan and Rome as well as the Bundesbank meeting today kept investors away, traders said. The only stocks that broke the trend were telecommunication stocks, which continued to be bought by overseas institutions. The MIB index127 words
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Article233 1993-07-29 13 -0.02 Dutch stocks closed mostly lower as investors pocketed gains from share price increases made over the past few weeks, traders said. The EOE index of the leading 24 Dutch shares closed down 0.02 point at 335.04 points. The CBS trend index of the five leading Dutch blue-chips bucked233 words
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Article810 1993-07-29 13 Britannia Funds Sterling ash Bid Oder Mim < ap Dcpo«t 3* 6400 3* 6500 Mint Jew Gih 0 1*93 0 1992 Mim Mat liwmc *1001)0 *1 (MOO L SS Cash Income Plus Fund 10 *200 11 0*JU PS S Rc*t\c I und 5 2100 5 2200 Sterling tjwih Euro PerformjiKr810 words
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Article, Illustration2869 1993-07-29 14 Reuter HONGKONG Shares finished moderately higher yesterday, with the main index above the 6.900 level alter a day of dull, narrow trade, brokers said. The blue ehip Hang Seng Index advaneed 37.24 points to 6.903.21, after hitting an early low of 6.838.20. Turnover shrank to HK52.27 billion from Tuesday'sReuter; Source: Bridge Info - 2,869 words
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Article, Illustration485 1993-07-29 14 BOTH the Shanghai markets moved up yesterday. The Shanghai A market gained for the second day with the CLSA Shanghai A Index rising 0.61 per cent to 5,013.55 on heavy turnover. The B market surged over 1.8 per cent to close at 629.24 on thin trading. According to the485 words
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Article, Illustration2537 1993-07-29 14 Reuter TOKYO Stocks ended lower on art>itrage unwinding yesterday. Prices were firmer in the morning on buying linked to launching of investment trust funds this week, but investors were still hesitant without knowing the shape of the future Japanese government, brokers said. "Investors don't seem to mind whether itReuter; Source: Bridge Info - 2,537 words
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Article, Illustration1788 1993-07-29 14 Reuter BANGKOK Thai stocks ended higher yesterday led by a strong performance in the banking sector and optimism over recent predictions of a better second half, brokers said. The SET index closed up 15.22 points at 908.36. with turnover active at 5.1 billion baht. Gains led losses 175 toReuter; Source: Bridge Info - 1,788 words
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Article, Illustration724 1993-07-29 14 Router JAKARTA Share prices closed mixed with profit-takers overwhelming gainers yesterday, brokers said. The official index edged down 0.86 points to 354.64. "Profit-taking erased major gainers, selling interest continued on cable and pharmaceutical counters but the market still sees support in the cement and property sectors." a dealer withRouter; Source: Bridge Info - 724 words
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Article, Illustration2555 1993-07-29 15 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Hcgi Msia *.663.000 Kamunting 50c 6.SS0.000 Mcnang Corp 6.J69.000 Tan C hong .50c 5.I2I.OOO Kcmayan MX" 5,033.000 Kcnong Bhd 50c 4.371.000 Idns H\d 50c 3.995.000 MBI Hidgs 50c J.850.000 CASH 50c 3.547.000 Multi-Purpose 3.39H.OOO MBf Capital 2.912.000 Imas BhdSource: Bridge Info - 2,555 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5369 1993-07-29 15 Bernama KUALA LUMPUR Share prices were higher at the close on selective buying of speculative and quality stocks in active trading yesterday. Dealers said prices held firm on the back of strong retail interest although profit-takers emerged intermittently to reduce gains. Strong interestBernama; Source: Bridge Info - 5,369 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration7572 1993-07-29 16 Dexter Lee - By Dexter Lee SINGAPORE Share prices closed mixed yesterday in relatively thin trading as players stayed on the sidelines ahead of the company reporting season. Sellers continued to offload local blue chips, while buyers again chased Malaysian counters, especially speculatives. Blue chip lossesSource: Bridge Info - 7,572 words
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Article, Illustration77 1993-07-29 16 Paul Leo - HOT STOCK Paul Leo HONG LEONG Credit Bhd broke through its all-time high of $8.35 yesterday to set a new record of 59.00 before easing to close at $8.90. It is likely to trade towards the objective at $9.60 but the climb will be laborious. MonthlySOURCE: BRIDGE INFO - 77 words
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Page 9 Advertisements
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Advertisement230 1993-07-29 9 Twice tlie fonmila to treat the pHm of tilling hair f'H 'u AV TAII J* V (IMIM'OP ONTOP ;0P A D f 0 tmbmw A D V A N C t 0 SHAMPOO "K CONDITIONER HEB A SHAMPOO CONDITIONER^run i niiMiw nwR FORT- FQRT>«*<?«GH*iR 1 •aktcb*. mmmmm. JSSSSZSm JSJ2S.W m~i230 words
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Page 12 Advertisements
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Advertisement700 1993-07-29 12 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 j AND IN THE MATTER OF YUE FOONG ENGINEERING HARDWARE (PTE) LIMITED (IN LIQUIDATION) (MEMBERS' VOLUNTARY WINDING UP) NOTICE IS HEREBY GIVEN thai the creditors of the above Company, which is being700 words
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Advertisement36 1993-07-29 12 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead L"J asked a stranger to I .count my cash." Nothing's range to The Straits Times Classified.36 words
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Page 13 Advertisements
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Advertisement30 1993-07-29 13 TIE ifTBiUTIOHALPTILTDIOBMrtfc Road •08 02BnghtChambefS<n9apore 0718 Tel *****77 Fa» *****81 i tfcwfcm: A.D. TME HTEBNATIONAI (HK) LTD Tel *****71 Fa« 73M931 SwtMrtmd A.D HIE SA Td *****4 Fax *****5 Malaysia30 words
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Page 14 Advertisements
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Advertisement38 1993-07-29 14 Don't show your true colours in business J Wear them plain Retail Outlets: #02 02 entrepoint, #01-2h Chinatown I'mnt, #02-14."' Marina S q u a r e. #01-07 Kaffirs < it>. #02-20 Wisma \tria. and all leading department stores38 words
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Page 15 Advertisements
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Advertisement73 1993-07-29 15 cA WATCH FOR THOSE WITH HPJSPfc SWISS BANK ACCOUNTS. GENEVE Sole Agent: DICKSON WATCH JEWELLERY (S) PTE LTD CHOPARD BOUTIQUE: WISMA ATRIA 435 Orchard Road #02-36 Singapore 0923 Tel: *****51 OICKSON WATCH JEWELLERY: THE PROMENADE 300 Orchard Road #01-03 Singapore 0923 Tel: *****00 CENTREPOINT 176 Orchard Road #01-05/06 Singapore 092373 words
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Page 16 Advertisements
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Advertisement55 1993-07-29 16 Singapore:THE HOUR GLASS Lucky Plaza Tel. *****20/1 Scolts Tel. *****27/7198 Centrepoint Tel. *****98/603 Peninsula Plaza Tel. *****09/*****63 Palais Renaissance Tel. *****62/543 Raffles Tel. *****41 Indonesia: THE HOUR GLASS (Licensee) Plaza Indonesia. Jakarta Tel. 21-*****6/*****1 Malaysia: THE HOUR GLASS Lot 10 Centre. Kuala Lumpur Tel. 03-*****20/932 Yow Chuan Plaza. Kuala Lumpur55 words
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SPORTS
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Article, Illustration567 1993-07-29 17 Shahiron Sahari - Golf By Shahiron Sahari SINGAPORE Samson Gimson, who won the Nikkei Cup in Japan last weekend, was not the only Singaporean golfer to win an overseas tournament this month. Lam Chih Bing, who helped Singapore to its first South-east Asia Games team medal, a silver,567 words
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594 1993-07-29 17 NYT BEIJING A few years ago, China seemed to have about as much chance of becoming host to the Summer Olympic Games in 2000 as Deng Xiaoping had of winning a gold medal in the pole vault. But the Chinese leadership, with Deng atNYT - 594 words
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Article, Illustration854 1993-07-29 17 Harvey Araton - Boston Celtics captain Reggie Lewis played till his heart let him down, writes Harvey Araton Harvey Araton NYT NEW YORK "What do you hear about Reggie Lewis?" Ernie Grunfeld, the Knicks' general manager, was asked on Tuesday, hours before the horrible news would come outNYT - 854 words
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SPORT SHORTS
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Article, Illustration98 1993-07-29 17 AFP LONDON Lancashire's Michael Atherton will take over from Graham Gooch as England's cricket captain for the remaining two Tests against Australia, it was announced here yesterday. Gooch had resigned on Monday after England's crushing defeat by Australia in the fourth Test at Headingley. If Atherton proves to beAFP - 98 words
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Article, Illustration155 1993-07-29 17 AFP NEW YORK The NBC network won the US television rights to the 1996 Olympic Games for an unprecedented US$456 million (***** million), the International Olympic Committee confirmed on Tuesday. The lOC awarded NBC its third straight Summer Games after a day of talks with all three major networks.AFP - 155 words
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Article, Illustration75 1993-07-29 17 AP SALAMANCA, Spain Cuban high jumper Javier Sotomayor set a world high-jump record of 2.45 metres on Tuesday at the Salamanca Invitational Track Meet, topping his own four-year-old mark of 2.44 metres. The bar teetered but stayed put on his second, record-breaking attempt at 2.45 metres, and Sotomayor leapedAP - 75 words
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Article, Illustration44 1993-07-29 17 Reuter PITTSBURGH Montreal Expo Wil Cordero (left) stretching his RBI triple into another fourth-inning run, when Pirate centrefielder Al Martin made an error resulting in a late throw to catcher Don Slaught (right), during Tuesday's game at Three Rivers Stadium. ReuterReuter - 44 words
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Article, Illustration67 1993-07-29 17 Reuter NEW YORK American league Tuesday: NY 5 Detroit 2; Toronto 6 Baltimore 5: Milwaukee 3 Boston 2: Chicago 7 Cleveland 4; Texas 1 Kansas 0; California 15 Oakland 8; Seattle 10 Minnesota 8. National: San Diego 8 Chicago 0; Philadelphia 10 St Louis 7; Montreal 8 Pittsburgh 6;Reuter - 67 words
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Article, Illustration74 1993-07-29 17 AFP CHICAGO, Illinois NBA champion Chicago Bulls has signed a multi-year deal with first-round draft choice Coric Blount. The 2.09-metre forward said the basic agreement was: "If I don't get better. I don't get paid." Other than that, terms were not revealed. One concern for the Bulls is Blount'sAFP - 74 words
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Article, Illustration135 1993-07-29 17 AP PITTSBURGH Mario Lemicux. the four-time NHL scoring champion, underwent surgery for the second time in four years yesterday to determine the cause of his continued back pain. The operation, planned for months, was exploratory and routine. according to the Pittsburgh Penguins. It is not certain whether theAP - 135 words
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Article225 1993-07-29 17 AP AFP HONG KONG Former world No. I John McEnroe, whose tour- namcnt appearances are becoming rarer, will play in the 6th Marlboro Championships in Hongkong in October, the organiser said yesterday. Also in the field will be world No. 3 Stefan Edberg of Sweden; defending champion Ivan LendlAP; AFP - 225 words
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Article, Illustration82 1993-07-29 17 AFP SYDNEY Robert Allenby will make his debut with experienced Rodger Davis in Australia's team for the US$BlO,OOO <Ssl.3 billion) World Cup tournament in Florida in November. Allenby. currently ranked 62_ in the world, was an automatic first selection here yesterday as the winner of the Australasian Tour's orderAFP - 82 words
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Page 17 Advertisements
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Advertisement359 1993-07-29 17 TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 LUM CHANG HOLDINGS LIMITED UNSECURED SERIES A HYBRID BONDS DUE 1995 In accordance with the provisions of the Bonds, notice is hereby given that for the three-month period from 29 July 1993 to 29 October 1993. the Bonds will carry a rate of359 words
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Page 18 Advertisements
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Advertisement895 1993-07-29 18 Nothing Beats A Bikl- where to wine, dine and entertain 1 The "Qwatt* star is alive and weil wffli Ml of Soul Rock V Roll. VBRNON CORNELIUS ftUS perform, aft CONNECTIONS 9jhb to 2am Sundays). The Richmond ContcdoiDihilioMMM from Mondays to Suadays, spm to 2am. Experience good muaic, good Am895 words
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Advertisement263 1993-07-29 18 Delectable Yoag Doe-Fa Baffet at Chatterbox every Satarday aad Saaday. 12.30 pa to S pes $14.50 per person $6.50++ per child (below 10 jrrm) Mezzantne Saaiptaoas CoatiaeaUl It Local Aftoiaooa Tea spread at Meszaaiae Loaage. Daily. tpaitotpa $16.00 perpenoa $10,004"*- per child (below lOyis) 1)1 Orchard Road Sm§aporeOT2) Tel 7)*****263 words
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LIFESTYLE
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Article, Illustration769 1993-07-29 19 Comedians in the US moaned when the governor from Arkansas was elected president. Was there a future for political comedy without Dan Quayle? They needn't have panicked as... NYT FOR 12 years, stand-up comics made toothsome snacks of Republicans and their politics. But when theNYT - 769 words
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Article, Illustration421 1993-07-29 19 CHATTERBOX Reuter UPI Reuter Reuter ACTRESS Nancy Travis downplays but doesn't discount reports that co-star Mike Myers misbehaved on the set of their new flick, So I Married An Axe Murderer. Travis diplomatically told a Toronto reporter: "I think there are those days on every movie set.Reuter; UPI - 421 words
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Article, Illustration427 1993-07-29 19 Reuter ON A rainy Moscow night in August 1991, a Russian businessman called Mikhail is trying to reunite his family for a party. Out on the streets, one half of the Soviet government is trying to overthrow the other. Two years on, the abortiveReuter - 427 words
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Page 19 Advertisements
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Advertisement61 1993-07-29 19 CARS, VANS, TRUCKS, 4X4, BUSES I ®L mazoa 1 FJ BENZ pJ i C© BMC S] B ACURA BMW TOYOTA Q HE) A >0> ISUZU I Q *o»« "7S? MI NISSAN S H BRAND NEW QUALITY USED CARS I Q SESAME INVESTMENTS PTE LTD H 2 Jurong East Stmt 2161 words
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Page 19 Miscellaneous
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Miscellaneous1171 1993-07-29 19 I TV RADIO The Entertainers, 10.30pm, Mf sacs E w K Bob Newhart and monkey try K to get into Las Vegas showbiz. Wl While waiting for a break w~ Jp v Linda Gray entertains them in Ek j this comedy. >t I from the Lend, i Tremendous economic growth1,171 words
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INNOVATION & TECHNOLOGY
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Article, Illustration886 1993-07-29 20 Bernard Chew - Time travel now a reality or is it? Virtual reality is here. Bernard Chew goes 'virtual-flying' in a high-tech arcade machine just introduced to Singapore Bernard Chew If you ever dreamed of being a World War 1 air ace but did not have a time machine to get you there,886 words
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IN TAKES
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Article77 1993-07-29 20 UPI WASHINGTON President Bill Clinton on Tuesday telephoned Frank Harkin, deaf brother of lowa senator Tom Harkin, to demonstrate the nationwide telephone relay service for customers who are deaf, hard of hearing or have speech impediments. In his call, the president was able toUPI - 77 words
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Article58 1993-07-29 20 UPI CALIFORNIA Rushed as always, you're in no mood to engage in dreary, timc-consum-ing household chores. You sprint into the room, open the microwave and pop in your wet laundry. Firmly established as an cfficicnt kitchen helper, the microwave is moving in next to the washer asUPI - 58 words
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Article59 1993-07-29 20 UPI WASHINGTON Secondhand cigarcttc smoke puts restaurant and bar workers at P/2 times greater risk of lung cancer than the general population. Dr Michael Sicgcl said in the Journal of the American Medical Association that food service workers arc exposed to between two and six times moreUPI - 59 words
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Article51 1993-07-29 20 Reuter LONDON Car accidents, heart attacks and suicide are some of the more extreme conscqucnccs of a severe and often undiagnosed form of snoring. Sleep apnoea causes blockages which can continue until the sufferer is roused, often gasping and snorting, by the struggle to breathe.Reuter - 51 words
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Article, Illustration641 1993-07-29 20 AP IMAGINE surgeons draining every drop of blood from a patient, pumping the body full of "anti-freeze", then lowering the temperature until the heart stops all to try to save a life. Or having a frozen organ bank, whereAP - 641 words
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Article470 1993-07-29 20 NYT WATCH OUT. KJingons. a new cloaking technology is in the field. It helps hide a city bus. The technology is an "antinoise generator", a computerdriven. 220-watt speaker in the tail-pipe of a bus that emits sound waves to partially cancel exhaust noise. The NewNYT - 470 words
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Page 20 Advertisements
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Advertisement371 1993-07-29 20 BinyuMnN^s TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, LTan Choon Seah of Blk 236 Bishan St 22 #02-164 Singapore 2057, have applied for a Retail Liquor Shop Licence in respect of premises at M/S Yongson Food Supply, at 31, Eng Kong Terrace,371 words
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Advertisement439 1993-07-29 20 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I DR. LING HOW CHIONG of 165 A Tagore Ave, Singapore 2678, have appUed for a Retail Liquor Shop Licence in respect of premises at M/s Singapore Showcase-Design Centre Branch at 141 North Bridge Road, Singapore 0617, and that this application will439 words
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THE LAW PAGE
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Article, Illustration878 1993-07-29 21 Ramesh Divyanathan - Ramesh Divyanathan relates the frustrations in a property deal Ramesh Divyanathan SUING for wasted expenditure in a property deal gone wrong is a big headache, apart from the frustration over all the inconvenience caused. The manner in which one chooses to sue dictates878 words
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359 1993-07-29 21 NYT Charles J Hearn, a Texas state judge, has been putting a happy face on his signature for years. The happy face is on his driver's licence, on all the cheques he signs, on thousands of court documents. Now it is on an execution orderNYT - 359 words
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Article, Illustration270 1993-07-29 21 AT THE-®^ THE POPULAR image of big law firms rolling in the bucks, be it in television's I. A Imw or John Grisham's bestseller The Firm. is not always the case here. Some of Singapore's large law firms and a number of me-dium-sized partnerships are270 words
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Article228 1993-07-29 21 Ramesh Divyanathan - By Ramesh Divyanathan NEW ZEALAND'S focus on Asia is not just on the business side of things. One of its largest law firms has started an internship programme for the National University of Singapore's (NUS) law students. partner Dennis Gilford said at the official launch228 words
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Page 21 Advertisements
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Advertisement29 1993-07-29 21 GOT THE "TOO MUCH STUFF" BLUES? Sounds like it's time for a garage sale. Turn your unwanted items into fast cash through The Straits Times Classified. Call 737-1166. 737-116629 words
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Advertisement266 1993-07-29 21 I FI I Keppel Finance Limited I (Incorporated in the Republic of Singapore) H H Directors are pleased to advise the following unaudited results of the Company H and of the Group for the six months ended 30 June 1993: H I COMPANY GROUP I 1993 1992 1993 1992 $'000266 words
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Advertisement579 1993-07-29 21 FTJ Keppel Bank of Singapore Limited (Incorporated tn the Republic ot Singapore) The Board of Directors of Keppel Bank of Singapore Limited is pleased to announce the following: a m „i.UJJJMIIILLLM GROUP BANK 1983 1992 1993 1992 Ss'ooo SS'OOO SS'OOO SS'OOO n Interest income 94,560 84,471 11.9 65,489 56,872 15.2579 words
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Article557 1993-07-29 22 EDITORIAL THE OIL market held its breath yesterday as the current president of the Organisation of Petroleum Exporting Countries (Opec), Jean Ping, returned to Gabon after a swing through the Gulf. That trip alone had the effect of talking up oil prices slightly from their557 words
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WHAT THE OTHERS SAY
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Article274 1993-07-29 22 RESIDENTIAL PROPERTY prices in Singapore are currently at an all-time high. Whether the next move will be downwards, or whether they will continue to rise further before peaking, is anybody's guess. However, it is not guesswork to predict that prices will fall one day. The difficulty274 words
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Article148 1993-07-29 22 AGAIN THE Middle East talks suffered another shock. Israeli warplanes launched air raids on guerilla targets in south Lebanon in retaliation against the Hezbollah's move to strengthen its position. Several planes bombed the village of Zibqqine at dawn as Israeli artillery shelled a string of villages148 words
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Article175 1993-07-29 22 WHAT IS CERTAIN about the political rivalry in Japan is that it has brought about changes. But changes can either lead to progress or worsen matters. Such instances are extremely common in both the political and business arenas of Japan. The system of multi-scat175 words
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Article235 1993-07-29 22 THE UNITED NATIONS operation in Somalia saved tens of thousands of lives. Now, with that achievement behind them, UN leaders are pursuing a curious course. They have recruited 1,700 German troops for the first deployment of soldiers from that country outside Nato since the end of World235 words
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Article220 1993-07-29 22 FOR THOSE concerned about the growth of democracy in this country, what happened at the Indonesian Democratic Party (PDI) congress in Medan is no less than a tragedy. However, it may be just as well to acknowledge that the spirit of democracy has, in fact, been dead220 words
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Article, Illustration1091 1993-07-29 22 Anthony Rowley - While Apec is treading carefully on trade liberalisation, others are of the opinion that the Asia Pacific needs to take bolder initiatives. Anthony Rowley reports from Washington Anthony Rowley The writer is BT's Tokyo Correspondent PROGRESS toward regionalism is accelerating in Asia Pacific and even though1,091 words
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Page 22 Advertisements
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Advertisement25 1993-07-29 22 II f STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. Business Times WE KNOW ASIA25 words
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Page 22 Miscellaneous
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Miscellaneous92 1993-07-29 22 /NO l(sJ f wg_*s Tie.D TO THE. "f€A LADYS ERisTovO On TO H»ro. J STRIPS.... J <31 ASSOCIATED NEWSPAPERS LTD. 19«M»9J 0976 DOONESBURY garry trudeau WALTER! PRETTY GOOD, NUT AT ALL. HELP YOURSELF, YOUR. MOM'S FARM SEEMS STILL, WE'RE WELL. NOT HOW ARE MIKE THINK IF YOU CAN FIND THE92 words
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ANALYSIS
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Article, Illustration1544 1993-07-29 23 Florence Chong - A change in the lifestyle and attitudes of Taiwan's citizens has resulted in cashflow problems for the countiy. Florence Chong reports Florence Chong The writer, who is BT's Sydney Correspondent, visited Taiwan recently Taiwanese have adopted consumerism with a vengeance, much to the surprise of1,544 words
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Article1240 1993-07-29 23 John Burton - South Korean labour relations are generally improving despite the recent strife at Hyundai, writes John Burton John Burton FT IT WAS A scene reminiscent of the days of military dictatorship in the 1980s: riot police last week amassed outside Hyundai Motor, ready to suppress a strikeFT - 1,240 words
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Page 23 Advertisements
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Advertisement49 1993-07-29 23 I n The Beeutte Housekeeper ths hotel I O I wants >s me. Bob 111 never neglec-t I -fo<S J any Job. any career. §§11 Available Any Day. ANY Time, anywhere. I I Lm»l ZAO4IO Li>n~( WHMD tHi« HiH D«LI Nt« >'•"' M»»'«« M eu •5* Hj f f Hotd&^%49 words
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Advertisement62 1993-07-29 23 Only ALR gives you/ a 3 year \r 3 on every PC (inclusive of hard-disk) we sell, with the first year on site. That's 12 months rttore than the closest competitor offers. Talk to the computer company who's a year ahead of the m i competition. Fax va vH| p62 words
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568 1993-07-29 24 Rajendra Bajpai - But analysts say he will find it hard to survive the year as prime minister From Rajendra Bajpai in NEW DELHI INDIAN Prime Minister P V Narasimha Rao won a narrow but Pyrrhie victory after three days of debate over a no-con-fidence motion568 words
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224 1993-07-29 24 AP DETROIT Ford Motor Co said yesterday its second-quar-ter earnings had doubled, while Chrysler Corp's after-tax profits were nearly four times as great as in the same period last year. Both Chrysler and Ford performed better than Wall Street had anticipated. TheAP - 224 words
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Article, Illustration419 1993-07-29 24 Eapen Thomas - From Eapen Thomas in Bombay THE market did not move even as Indian Prime Minister Narasimha Rao fought a no-confidence motion in parliament. Rcliancc Industries, India's largest company with interests in petrochemicals and synthetic textiles, traded in a narrow range between 203Reuter - 419 words
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316 1993-07-29 24 Reuter WHITEIIOUSE STATION, New Jersey Pharmaceutical giant Merck Co Inc announced here yesterday that it is buying prescription drug company Mcdco Containment Services Inc for US$6 billion (559.6 billion), confirming a deal long-rumoured to be in the works. The two companies said theReuter - 316 words
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289 1993-07-29 24 GENEVA More than 100 member-states of the General Agreement on Tariffs and Trade (Gatt) agreed yesterday to a tight timetable aimed at wrapping up the Uruguay Round of global trade negotiations by the end of the year, delegates said. In a push to289 words
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Article, Illustration788 1993-07-29 24 HARISH MEHTA; HARISH MEHTA - The Bottom Line HARISH MEHTA HARISH MEHTA The writer is a BT correspondent specialising in Indtxhinese affairs. NOT long ago. a property developer staying in one of Hanoi's better hotels patronised by the high-rollers of business dived under his bed788 words
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615 1993-07-29 24 Reuter, AFP WASHINGTON A trade war pitting the American steel industry against 20 other nations is far from over despite Tuesday's long-awaited ruling in the dispute. United States steel makers said yesterday. The six-member International Trade Commission (ITC), a bureaucratic oddityReuter,; AFP - 615 words
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119 1993-07-29 24 AP WASHINGTON (AP) The White House apparently won't heed a request by congressional Democrats to delay the North American Free Trade Agreement. In a letter on Tuesday to President Bill Clinton. 110 lawmakers asked him to delay sending the agreement to Congress until theyAP - 119 words
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426 1993-07-29 24 Reuter, AP NEW YORK Federal Reserve vice-chairman David Mullins said he sees moderate growth of "roughly 3 per ccnt" in 1993. "We appear to be on a path of moderate growth which is dull and not robust. There isReuter,; AP - 426 words
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Page 24 Advertisements
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Advertisement60 1993-07-29 24 fltV&n Chinese Restaurant »y»i 60SPORY UOB PLAZA 1, a> tHCMjUA Na «0 tofflee Place, jSkkiMMi Singapore 0104 I E C PRIME SERVICED OFFICE AT RAFFLES PLACE Offering furnished office rooms that come together with assigned personal secretary, personalised telephone answering sen/ice and complete office facilities at attractive rates. Call us60 words
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Advertisement8 1993-07-29 24 Top fenpedto Viewing and Dining Betervotlon 53»3232 SSHBa8 words
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Shipping Times
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471 1993-07-29 25 Juliette Walker - By Juliette Walker SINGAPORE San Francis-co-based logistics provider Fritz Companies has bought a local freight forwarder as part of a push to double its Asian business. I Joe Monaghan, Fritz's Hongkong-based managing director for Asia, says the air/sea freight and logistics provider took over471 words
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507 1993-07-29 25 International Transport Journal THE HAGUE According to Nedlloyd Lines managing director Anton Van Langeveld, the liner shipping industry still lacks companies strong enough tQ give leadership to the market. Such companies, which would be able to exert influence on the shipping industry,International Transport Journal - 507 words
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219 1993-07-29 25 Bloomberg Business News MEXICO CITY Shipping company Transportacion Maritima Mexicana SA said on Tuesday earnings in the second quarter declined 33.7 per cent because of a drop in activities, higher administration costs and profit margins. The company posted net income for the secondBloomberg Business News - 219 words
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233 1993-07-29 25 Bernama-Kyodo TOKYO South Korea topped Japan in orders for export ships received for the first half of 1993 and is likely to become the world's top shipbuilder for the first time this year, Japanese industry statistics showed yesterday. The data showed shipbuilding ordersBernama-Kyodo - 233 words
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846 1993-07-29 25 Pace Col ABC Containerline 12 1 Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 4APL 5 3-5 Appenship 18 1/2 Alpha Feeders 6 1 ■4ANL 3 1/2 •ASCL 5 5 Avant Shpg 6 4/5 •Bait Orient Line 7 4/5 '•Bank Line, The 9846 words
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Article, Illustration187 1993-07-29 25 Ramesh Diyanathan - Ramesh Diyanathan SINGAPORE Specialist ferry builder Kvaerner Fjellstrand (S) Pte Ltd delivered the first of two high-speed catamarans to its Hongkong owner yesterday. At a christening ceremony held in Kvaerner's Tuas yard, owner Hong Kong Ferry (Holdings) Co Ltd christened the passenger ferryPhoto by Chris Loh - 187 words
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SHIPS IN PORT
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Article566 1993-07-29 26 Hu* »ty Ih bm* Mwl Popwtin fry Hi B8t» IhpofcM hwi M M Camar 12A P02 2907/1100 31.07/2300 EMDTMM, B 5/13 B *apMa 2107/2300 BJUW Mm *****3 P01B 2107/1000 HyclMo 110/93 112 *«s* 29.07/1000 C««a Tara* 001 TO 817/0900 Jmmmo M 07/09/93 II 29 07/0500 Eaton Q566 words
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Article1047 1993-07-29 26 RECEIVING OF EXPOCT FCL CONTAINERS AND LCL CARGO KCOVWC OF EXfOKT TO COMMIHEIB MID Itt CWCO Record Mdng/Maict Shp Voy No Etb/Btr hM From Tt From fax L* 3M 31/1*0 3 21/0700 21/1151 29/1400 4 21/1200 a/14* 20/1700 fa, vw 238 30/2300 1 28/1500 2S/1SM 21/1100 3 21/07001,047 words
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Article10094 1993-07-29 34 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after10,094 words
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Article3316 1993-07-29 39 (Far East/Narth Amrica. andadas Japan): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon Yusen Kaisha Line; Mitsui OSK Lines; Nippon Liner system; "K" Line. Traas-PacMc Wuttiwl Rate Ayiiawt (Nirtli Aaarica/Far East): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon Yusen Kaisha Line; Mitsui OSK3,316 words
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Article274 1993-07-29 39 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Trawl Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716, *****80. Akswift Worldwide Cornier Td: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Liak International Tel: 344-3377. Fax: 345-6450. Ouster Link Supplies A Services274 words
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Article1435 1993-07-29 39 A hex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwvder Tel: 225-1833. Fax: *****42. Arfjygir Sinftapff Td: 542-7812." Fax: *****20. Aianliak pMbkl I niaraaiinaal Td: 545-803? Fax: *****05. Td:'s42-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454 Fax: *****06. Ak Express Internatioaal Td 542-7666. Fax: *****74. *****50. Air1,435 words
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Article2385 1993-07-29 40 ALBANIA Duress: Three vessels in port of which 1 discharging wheat, 1 tanker discharging kerosene, 1 other vessel. ANGOLA Luanda: Port operating normally. Power supplies currently intermittent. Following reports of increased Unita activity, there is a slight increase in tension in the port. No port congestion, maximum waiting2,385 words
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Article560 1993-07-29 40 ARRIVALS DEPARTURES Op Flight Type ETA T Froa Op Flight Type ETD T To TODAY TODAY KAL K.E697 B747F 01 SO I SEL KAL KE697 B747F 0440 1 BKK SIA SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 1 LUX/DXB560 words
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Article1187 1993-07-29 40 SHIP SALES TANKER RATES CONFLICTING sales showed up in the aframax tanker market. Troodos wre said to have taken the second BP tanker Teekay Vision 98,000 dwt and built 1975, at about US$6 million although it is understood they may have fixed the vessel for the Pertomina requirement. Whereas the1,187 words
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Article195 1993-07-29 40 CRUISE FERRY SCHEDULES CRUISE SHIPS AIT Dtp Naae of Vessel ETA ETD Ports of Cdb FnrtAyt Tilipfcw No Ml 29 29 Continental World 1400 2100 Sin-Jakarta Lauw Sons Travel 227-8284 29 29 Ocean Pearl 0800 1900 Sin-Krakatoa- Inchcape Shpg Svcs 222-4411 Jakarta 30 30 Coral Princess 1700 2030 Cruise to195 words
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Article857 1993-07-29 41 THE BALTIC Freight Index for spot dry cargo shipping rates fell to 1,347 on July 27 from 1,348. Cargill was rumored to have covered an early- August cargo on the US Gulf-to-Japan Panamax grain route at a firmer rate. The charterer was said to have paid U5522.50 basis857 words
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Article797 1993-07-29 41 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and797 words
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Article179 1993-07-29 41 COURSES Title: Principles of Shipping Documentations Practices (SDF 70%) Duration: July 29 Oct 21(13 evenings) Organiser Singapore National Shipping Association Tel: For further details and application forms contact SNSA at tel: 278-3464 or fax: 274-5079 Title: Helicopter Military Aircraft Emergency Management Duration: Aug 2-5 Organiser Singapore Aviation Acadcmy,179 words
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Article, Illustration1470 1993-07-29 42 This two-part article looks at how the seven big Japanese shipyards are coping with the current slack demand for newbuildings. The second part will be carried tomorrow. Lloyd's List FOR JAPAN'S big seven shipbuilders, the key question is how do they fill the gap inLloyd's List - 1,470 words
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AIR AND LAND TRANSPORT NEWS
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488 1993-07-29 44 UPI HOUSTON Continental Airlines and Air France announced an agreement on Tuesday to coordinate their schedules to facilitate easy connections between Continental and Air France flights at Houston, Newark and Paris. The two carriers also said they will coordinate their fre-quent-flier programmes andUPI - 488 words
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Article197 1993-07-29 44 Reuter SEATTLE Boeing Co said on Tuesday it had demonstrated the performance abilities of its 767 twinjet, which took off, circled and landed at Lhasa, Tibet, flying on just one engine. Lhasa's recently upgraded Gongga Airport is one of the world's highest and mostReuter - 197 words
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Article, Illustration382 1993-07-29 44 MBT KUALA LUMPUR Doing away with any increase in parking lots in Kuala Lumpur is being considered as a means to discourage private cars from entering the city centre. City Hall has been asked to look into the possibility of reducing theMBT - 382 words
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Article, Illustration526 1993-07-29 44 UPI GALVESTON, Texas Robert Crandall, chairman of American Airlines' parent, AMR Corp, is not a defendant in the air fare antitrust case being heard in US District Court here. Nonetheless, he and his outspoken, fiercely competitive style are on trial. TheUPI - 526 words
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358 1993-07-29 44 UPI TOKYO Toyota Motor Corp and Nissan Motor Co, Japan's top two automakers, are cutting exports of completed cars to China, company officials said yesterday. Other Japanese automakers were expected to follow their examples, responding to Beijing's moves to tighten control onUPI - 358 words
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589 1993-07-29 44 Have ticket will travel to nowhere KLM's mystery tours lets passengers see the world but only from the air Reuter ABOARD KLM FLIGHT 195 Some people on this plane don't care where it's going. We are heading for Stockholm, but they would be just as happy going to Lisbon, LarnacaReuter - 589 words
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LOG BOOK
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Article128 1993-07-29 44 Reuter HONGKONG Chinese Vice-Premier Li Lanqing has for a work group to be sent to investigate problems in the of Shenzhen's ports and plan reforms in their management, the Shenzhen Special Zone Daily reported yesterday. Mr Li, commenting on an official document which lists corruption,Reuter - 128 words
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Article, Illustration48 1993-07-29 44 Reuter ROME Italian police on Tuesday escorting one of the pdßpt tankers defying a two-week strike by Italian hauliers which began on Monday and which threatens to cause chaos in a country where over 90 per cent of goods move by road. ReuterReuter - 48 words
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75 1993-07-29 44 Bloomberg Business News TOKYO Japan's Transport Ministry will urge US ofticiate4o restrict US airlines' flights from Japan to third countries at aviation negotiations to be held from Aug 3 in Washington, the Nihon Keizai newspaper said yesterday. Because US carriers are increasing suchBloomberg Business News - 75 words
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Article1194 1993-07-29 44 cm. nut cw nm m Ma Mai li GF146 1120 GF147 1850 AMaMi QF81 1930 QF82 2055 SQ228 2120 Amslirdi m KL837 1445 KL832 0020 KL838 2320 SQ323 1815 SQ324 2345 MrM—il BA11 1505 SQ288 2015 Mnli GFI48 0905 BMI MMM BI421 SQ181 BJ429 1105 14101,194 words
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Page 25 Advertisements
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Advertisement28 1993-07-29 25 Bridging the gap in orderbooks, Page 18 Unaaandaarrkaaiapiaaanladhy Ilambara of tfM RtgMry of Acaadftad [{Jgijl] Shipping Aganta,Singapofa National Shipping Aaaodation For advertising enquiries, contact Shipping Tkrm: Tel 740-2089^40-209028 words
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Advertisement40 1993-07-29 25 THE FAMOUS Gm/umm ■GESHHII224 1833 For more information please refer to Pg. 13 Continental, Air France to coordinate schedules, Back Page HIGH STAKES Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday. Business Times KODtMM40 words
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Page 26 Advertisements
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Advertisement371 1993-07-29 26 TSKiJNE AGENOES (8) PTE. LTD. j MT.S.K. LINE M <B 1 Tlx: RS *****/TSKSM. TOKYOSEHRftKII KAISHA, LTD. >cx wan "a.17 nm nun im g* im im UJ|—i«L_ ta ULAC Mi 2M7 *MJ7 3M7 UM VM MJ» IMI IM» 14M 11M_ mxmMA w/ia km !ZJi ILS —iifi— KX U.T rn -KM371 words
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Advertisement830 1993-07-29 26 atm* "crystal *is leu* Jm AC* LUC V2OR *7 U ICTTUM CRYSTAL 1M 22J M J Ml MJ »J j j 1, j j j KHITVM 11 IJ CMfOM KIMS «0 211 MJ 11A I 2.1 U U MM I»— I I—Ml# WW—| —I—l I —Ml «g >«■* Mil I830 words
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Advertisement1941 1993-07-29 27 ippiug i lilies, iiursus; <»uiy t>9 im ?2^y^ S B FA?M S!S ,IB BMIPWHO AOENC,CB PETAI^ 4 J?YA M TEL A W ,^7776^^>*****2^ DOCUMENTATION TEL: *****55 (INWAROV32OO39O (OUTWARD) 2^^ 1 CFS TEL 3498 6 EBtM BOOKINGS TEL: *****80 *****81/ *****82 l) nANG T E L *****2/3 F ***** (OPNS) CFS1,941 words
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Advertisement1346 1993-07-29 27 ■UliViHiHllWl'l SAILINGS TO HONG KONG/TAIWAN/JAPAN/KOREA/CHINA ALVA MAERSK V. 9310 ETA SIN 02ND AUGUST 93 MARGRETHE MAERSK V.9308 ETA SIN 03RD AUGUST 93 LUNA MAERSK V.9312 ETA SIN 04TH AUGUST 93 vnxt Voy ETA ETD Feed* by I DESTINATIONS Tta* <tM» MARGRETHE MAERSK 9306 I cv 03/06 0800 hrs I OS1,346 words
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Advertisement1501 1993-07-29 28 aqaba R OAM/ lI also acceptbog from VESSEL VOY NO SPORE JEDDAH (VIA JED) S'TON H'BURO A WERP HAVRE WEST MALAYSIA KATSURAGI 16/129 29/7 '5/8 16/ a 16/8 Pofl Kelang. Penang ESSEN EXPRESS 01/329 31/7 9/8 15/8 18/8 21/8 23/8 25/8 Paslf Gudang EL BE 17/130 4/8 21/8 24/8 22/81,501 words
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Advertisement550 1993-07-29 28 FCL Breakbulk Service to: I AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services V C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent, I Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata I North Korea Vietnam Mongolia Hungary CSFR e Poland I coarrans AGENqES(FAR^/^- NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BAT A Feedor Vossol ETA SIN I550 words
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Advertisement1184 1993-07-29 28 NORASIA I I'TSHTST sin alg bcl* val* lha rot amti W. j NORASIA SUN 9329 3 05/08 25/08 28/08 29/08 29/08 31/08 01/ M 02/09 03/09 04/09 I NORASIA PEARL 9330 3 12/08 01/09 04/09 05/09 05/09 00/09 07/09 08/09 09/09 10/ M ARABIAN SEA 331W 19/08 09/09 13/09 15/091,184 words
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Advertisement1960 1993-07-29 29 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers 0208 Tel: *****10 Fax: *****17 —■I—tHiIIMIUI—BBIW I HEW QUWWA PACWC UMK mmauiimiammMßMMm tsooy <A SERVICE OF CHNA navigation OO> •CCfPTS >sw» CARGO DUE SAR.S RAJAH BROOKE VIK fthiara. Lab 27 21 M 29 M M FCU LCt CONTAMU1,960 words
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Advertisement1933 1993-07-29 29 W*\ 4 SINGAPORE AGENT: DjtiA PAflfoinAltC PAO Containers (Singapore Agencies) Pte Ltd liVl W a! 11 ■■HI 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 ■ppwp Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z EXPORT IMPOBT^_^^ WOT HAM W OOTLEM VMKI WOT AHT1,933 words
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Advertisement772 1993-07-29 30 IPKHII m BMI "iwnpr KUTAI Y2IWB I 31/7-2/1 I 26/8 30/8 2/9 5/9 TO Aui "-V milu lkl,u k E<ST COAST wis 1L VS./VOT m STOK STD RBB BRB FN AM. 1 XSSU 06S 28/7 30/7 12/1 15/8 wo asm 525 n/« mmo ia«sa 5K !5/« w« w/i i/o I772 words
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Advertisement1836 1993-07-29 30 (g)HANJIN SmPHWG] I FOR VSL SM UNE HAUL W fM FDR VSL ILHE HAUL SAV IN NYC I Im»iu« So Si w SEJKSf JS I I iiaiimn vdtflMiAii fiITF S/ll DKCT 25/1 SOP HAMH YOKOHMM Ha 5/8 m. rWW» IZ/l IP/" I I HUM 023E l? 8 DKCT 2/5 Ts1,836 words
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Advertisement1195 1993-07-29 30 i _j r jTrarTm Ira scp ksc we ug ns «i oa n an iniii«HtciiaHVKnciNi«l I OKI KM2 VI 4/1 I/O li/t 13/1 IVO 17/1 IVO 20/0 21/1 2VO VI IVI 17/» 11/1 21/1 21/1 JO/1 1/M 2/11 12/1122/ M 2(/U 27/ M E <"»■ 01 040 10/0 12/1 17/11,195 words
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Advertisement1743 1993-07-29 31 'OOCL HONOUR 26W ETA SGP 31/07/93 II y 11 ETA RDM 16/08/93, FLX 17/08/93, BRE 19/08/93, HI H H LEH 21/08/93 II II *R1 CmmcHm C. Saturn V«y 5K In MIS 07/M/W II E r *R2 Conwctlwt C. JwplMr Voy ME In NKfi M/M/tS HUg I™ EXPORT TO: PSW/PNW SINGAPORE1,743 words
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Advertisement987 1993-07-29 31 SINSOV SINGAPORE SOVIET SHPMNG CO PRIVATE LID BOOKMGS: BALT ORENT LME: *****64 FESCO: *****06 ENQUWES: *****33 BLASCO I ODESSA: *****51/*****31/*****13 MVENTORY: *****45 INWARD: *****81 OUTWARD: *****80 TRANSHPMENT: *****78 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 WHORE BAHRU: *****1/ *****1 MARME INSURANCE SERVICE: *****87/ *****87 CR NO:987 words
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Advertisement994 1993-07-29 32 W>M AS AGENTS: lAMSARISMSANK (FH) ITi (tt HHI73HIW) TEL: *****77 TELEX: KAWAKIRS23I6S FAX: *****16/7/8/9 W T jkTV? MALAYSIA: "I" UK MAHTMI (MALAYSIA) IN INO M TEL- SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 I A Jh* INDONESIA: P.T.SAIAHA LANT MTBMISA. TEL: JKT *****08 ■■■1 KAWASAKI KISEN KAISHA,994 words
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Advertisement966 1993-07-29 32 PHI LI-onI(NT UN€S PT€ LID 1 106 Robinson Road #07-00 GMQ Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION H AUSTRALIA/NEW ZEALAND/SOUTH PACIFIC SERVICE 29 JUL SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 10 AUG AUCKLAND. WELLINGTON. LYTTLETON, NEW PLYMOUTH. NAPIER. CHRISTCHURCH966 words
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Advertisement954 1993-07-29 33 UaaailM PACIFIC INTERNATIONAL LINES (PTE) LTD J SSSS 140 Cecil Street. #03-00 PIL Building. Singapore 0106. I SSSSSV wflHi CR NO *****6 *****E I VESSEL VOV SM CMS J« JED AOJ AM MOO PZU HAI XIOMQ HXOO3 30/7 S/8 JJ'J 22 22 KOTA WIRAWAN WRNO29 11/S 16/8 23/8 2W 27/S954 words
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Advertisement777 1993-07-29 33 ¥0Y WO HIM* gQM lIA—URG ROTTERPAAI AMTMRP THAWS LE HARW mu Qt «STA 7420W 31/07 27/01 20/0R 3 M 31/00 M/ WLU TUCAWA WW 07/00 83/ M OS/0* /W 87/w W/H wm m CAHorus »7zw» u/ot 00/oo u/o» u/w 13/W tvw wlu oc rtovtwa nnm u/u n/n i»/Q» w/o» 2i/w777 words
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Advertisement866 1993-07-29 33 I BSA M MYANMA P& FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.Klf Pan P.Gdf HPA-AN VI93W 03/05 hi| 30/01 Auf BAGO V4OW 05/01 Auf PAGAN V2OOW 5/7 Aut t MALAYSIA AGENTS OOUSTEAD SHTHNG AGENCSS KUI: TEL 03-***** M fKL TEL 03 X1(7(7 PEW Ta 04866 words
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Advertisement56 1993-07-29 35 IfC VISA FREIGHT SERVICES PTE LTD Q y g J Established Since 1984 OCEANIA PORTS REGULAR GROUPAGE lcl consolidation AUCKLAND SYDNEY import export MIM FREMAHTLE SERVICES W FOR BOOKING St SAILING SCHEDULE. CALL THE TOTAL TRANSPORTATION PEOPLE. VISA FREIGHT SERVICES PTE LTD VISA PTE LTD TOLL-FREE TEL: 1800 *****66 TOLL-FREE56 words
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Advertisement2420 1993-07-29 36 Full Container Liner Services Msbysui's Agents: Indonesia's Agents: I General Agents: Seeking Agents: Gnen Geen Skinning S4n Bkd Cknng Ckine Skinning S4e SM P.T. Glokot Fntra Uiiiili Maritime Costar Shipping Pt§ Ltd sm*fn*ts+me »m»khmiih tetiHMFim. jm*m/23m *15-00 Slim aSLer et Cimmirti »Q7-OS*7 SaSLTfLSfLaa Mmt2oJL, SOW IL MOv'SStlt JIMTIf i S*JSX2,420 words
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Advertisement627 1993-07-29 37 (fe FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 02/08 ROTTERDAM 02/08 AARHUS/ COPENHAGEN 02/08 HAMBURG/BREMEN 02/08 MARSEILLE/FRANCE 01/08 FELIXSTOWE/UK 02/08 BARCaONA/SPAM 01/08 LEHAVRE/FRANCE 02/08 GENOA/ITALY 01/08 ANTWERP/BELGIUM 02/08 LOS ANGELES/WC/PI 01/08 SYDNEY/MELBOURNE 05/08 NEW YORK/EC 02/08 FREMANTLE/ADELAPE 03/08 VANCOUVER627 words
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Advertisement13 1993-07-29 40 To advertise your APPOINTMENTS NOTICE ADS CALL OUR SALES SERVICE Toll-free 2 737-004313 words
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Advertisement57 1993-07-29 41 flhe Etetirfcte Housekeeper -this O vjuv I wants >s me. Bub I'll never neglect I Any Job. Any career. 1 Available Any day. V Any Time, anywhere. r*4 The straits Times The Sunday Times Business Times The new paper 1 LIANHE ZAOBAO LIANHE WANBAO SHIN MIN DAILY NEWS BERITA HARIAN57 words
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Advertisement17 1993-07-29 41 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. Business Times ■Mt/W17 words
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Page 41 Miscellaneous
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Miscellaneous703 1993-07-29 41 TODAY'S TIDES (height in metres) MOM OOM 01M 02M 03M 04M 05M OOM 07M OOM OWO 10M UM 12M 13M 14M IMC IMI 17M IMO ISM 2MC MM 22M 23M 10 0.8 0.7 OJ 1.0 IJ 1.8 1J IJ 1.9 1J 1.8 1.4 1.3 1.3 1.4 1.6 2.0 2.3 2.5703 words
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Advertisement325 1993-07-29 42 NORTH PHILIPPINES FULL CONTAINER SERV CE VESSEL I VOYAGE SHGAPORE MAMU irur*if. rvrtY VWWR PACIFIC 23W8 I JflZflZZaa FIHDAY NO MONDAY warn pactic 23ANB 02/M/93 SK? VIGOUR SINGAPORE 59N8 06/08/93 14/08/93 weom SWGAPORE I 59ANB 09/08/93 I 14/08/93 PORT KLANG/PENANQ FULL CONTAINER SERVICE VESSEL VOYAGE SW6APORE PORT KLAN6 PCNAN6 VIGOUR325 words
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Advertisement476 1993-07-29 42 ©APPENSHIP fg\ HAMBURG Uy) CONVENTIONAL ft INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA ANO FAN EAST VESSELS LOAOMG PORTS FOR KAPfTAN FOMENKO ANTW SLD SPORE 10/8 YOHOAM LUTWIOOSKI PORT SAIO SPORE 2/8 HARMONY SEA HAMBURG SPORE. BKK FLAG LEADER ANTW SLD SPORE. SHANGHAI KOALA CONTAINER LINE STORE FU MM476 words
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Advertisement303 1993-07-29 42 jLcoscol ukc conventional imwci I VESSEL PKL PNG P Q LOACNNO FOB: A VESSEL 28/06 Rotterdam/Antwerp S* CHBiA CONVENTIOHAL SEBVICS C s VESSEL PKL PNO P.O. LOADING FOB: A VESSEL 15/08 ISAM Huangpu/Ouangahou CQSCQ FULL CONTABgR WWCtI IFCUFCLI t EXPORT TO; cmma/sanqkok/nonqkonq EUROFE/CONnNENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN303 words
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Advertisement940 1993-07-29 43 4 HYUNDAI I i MERCHANT MARINE CO. LTD. I I^^^^^^^^\^STBOUNDTOEUROPE fVESSELS <0Y PNA I IKE P6D~ *SSELS VOY_ SN tIM ANT* IDT HAM WE| FO_ MM ADVANCE 23A 27/07 21/07 29/07 H. PIONEER 304W 02/W 20/ M 20/0J 21/ M 22/W tfKASA MALACCA 9325 A 03/0S 04/01 05/0S H FRONTO940 words
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Advertisement523 1993-07-29 43 STRAITS/ JAPAN/ STRAITS SERVICE I SPECIALIST M RO-RO t HEAVY LIFTS I I HIBOUND VESSELS I VfSSEI Wl K HC U HI ttll lUfl 21/7 11/7 I I TIMB AITI M 27/? »/7 MA l/l I I FAR EAST (IPttSS 2 H/7 2/1 I I ■AM UAI 21 12/1 IS/I523 words
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Advertisement824 1993-07-29 43 vcssa Ivor |smeta/«|l/u [om |cm |onl lei/ca. |hom Jnvc [nor ALLIGATOR VICTORY 44A OS-00/OO 22/ M 24/H 25/00 21/ M 20/08 27/00 27/08 21/00 HEWY HUDSON IRPGE UA 12-13/01 28/00 31/ M 01/R9 02/19 02/09 13/R9 >3/19 14/89 ALLIGATOR TRMMPW W 19 20/01 15/09 07/09 01/09 09/09 09/09 11/09 11/09824 words
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Advertisement5 1993-07-29 44 MARKETING Tomorrow in Business Times5 words
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Advertisement52 1993-07-29 44 I MARKETING Tomorrow in Business Times I Fly Finnair's new Business Class to Europe. ty» K Finnair's new wide bodied MD-11 offers speed, comfort and space that's miles ahead of its competitors. .f v Call your travel agent or 733 3377 for more details. We know the world from start52 words
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Article, Illustration563 1993-07-29 45 Amy Balan - A special BT supplement By Amy Balan MORE and more businesses in Singapore are going regional in pursuit of the wider opportunities I beyond these shores. And so are individual Local interest rates are at record lows, making the search for higher returns all the more563 words
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Advertisement158 1993-07-29 45 EDITOR: Amy Balan SUB-EDITORS: Yu Chin Fun (coordinator). Hean Chung. Lilian Lee. Vincent Lee, Loh Kim Chin, Magdalene Phang, Pek Tiong Gee, James Quek and Patricia Wee ARTISTS: Allan Chan, Jennifer Chua. Ben Cruz and Francis Tan V 1' i >>? iy ■>»'- ye* f|il{M TL L* -a- Our other158 words
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Advertisement73 1993-07-29 45 INSIDE Focus on Stocks pages <% Whither Singapore —2,4,5 Malaysia good buys or goodbyes 5,6,7 Indonesia shape up after shakeout 8,9 Hongkong-between now and 1997 9 I. China warning lights 10 Australia-gold fever 12 Europe gems amidst gloom 14 Hot Properties Singapore 15 Across the causeway 16 ■China/Australia 18 London73 words
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INVESTING '93
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Article, Illustration1656 1993-07-29 46 Peter Sutherland - Peter Sutherland draws up a shopping list of some good buys on the local stock market Peter Sutherland The writer is the research director of DBS Securities THE Straits Times Industrials Index (ST11) has retraced about half of the ground lost since the1,656 words
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Article, Illustration1332 1993-07-29 48 Ong Nai Pew - Ong Nai Pew explains why the Singapore market's upside potential remains strong Ong Nai Pew The writer is research director at Union Bank of Switzerland. Singapore THE Straits Times Industrials Index rose for a month after May but lost all its gains in the following consolidation in1,332 words
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Article, Illustration689 1993-07-29 49 Christopher Chong - By Christopher Chong The writer is director of research. Kay Hian James Capel Pte Ltd In the short term, we do not believe that the market correction is over. The reasons for this largely revolves around expectations and timing. Many recognise the danger of an overheating China689 words
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778 1993-07-29 49 Yeoh Keat Seng - By Yeoh Keat Seng The writer is a senior investment analyst at Crosby Securities SO FAR the market has lived up to our expections that the previous huge liquidity overhang in the banking system and favourable economic news would drive the index and778 words
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Article, Illustration1656 1993-07-29 50 P Gunasegaram - P Gunasegaram examines the events that will influence the Malaysian market and offers his buy recommendations P Gunasegaram The writer is research manager at Standard Chartered Securities Asia's KL representative office A HUGE segment of the Kuala Lumpur stoek market still offers good buys1,656 words
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Article, Illustration1052 1993-07-29 51 Tan Teng Boo - The history of Malaysia's stock market can be divided into three phases. Tan Teng 800 predicts what may come after phase three Tan Teng Boo The writer is managing director of Capital Dynamics, a licensed investment adviser based in KL ON JUNE 25 1993, the Kuala LumpurSource: Capital Dynamics - 1,052 words
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Article848 1993-07-29 51 S N VasuKi - By S N VasuKi The writer is a BT correspondent THE BOMB which destroyed the brand new trading ring of the Bombay Stock Exchange (BSE) in March caused considerably less damage than the one dropped by the huge US$l.6 billion <552.6 billion) stock scam last year.848 words
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Article, Illustration1638 1993-07-29 52 Frank Taira Supit - Frank Taira Supit selects some counters which are worth watching and accumulating Frank Taira Supit The writer is president of PT Sigma Batara. a leading Indonesian brokerage house THE Jakarta Stock Exchange Index has risen by 30 per cent to the 360 level for the1,638 words
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Article, Illustration915 1993-07-29 53 Tony Liu - Tony Liu assesses the impact of China's moves to cool its overheating economy on the Hongkong stock market Tony Liu The writer is senior manager, research, DBS Securities Hongkong Ltd WITH four years to the handover of the sovereignty of Hongkong to China, the mainland915 words
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828 1993-07-29 53 J Casey Hammond - By J Casey Hammond The writer is research manager. PT Gadiah Tunggal DBS Securities THE Jakarta stock market should continue its upturn during the rest of 1993, due to increased domestic liquidity and some recovery in domestic consumption. The basic pre-conditions are in828 words
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Article, Illustration1239 1993-07-29 54 Paul Schulte - Is it time for the bold investor to pick up bargains on the Shanghai and Shenzhen markets? Paul Schulte analyses Paul Schulte The writer is vice-president, Asia Pacific Equities, CS First Boston, Hongkong CHINA has boomed. Stock prices have dropped. And the currency has1,239 words
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Article, Illustration1186 1993-07-29 56 Florence Chong - Florence Chong takes a look at the Australian stock market Florence Chong The writer is BT's Sydney correspondent A PARTICULARLY virulent strain of gold fever has hit the Australian stock market, underpinning a general recovery in stock prices. The temperature as measured by theSource: Beacon - 1,186 words
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Article257 1993-07-29 56 Australia has one of the most liquid options markets in the world. Options of about 40 stocks are traded on the Australian Stock Exchange. The most popular is BHP option. In May 108,000 contracts were traded yielding around AS3S million (5538.4 million). It was followed257 words
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Article, Illustration970 1993-07-29 58 Hans-Peter Loosli - Hans-Peter Loosli looks at the attractive options in Europe Hans-Peter Loosli The writer is first vice< president, head of investment research (Europe). Union Bank of Switzerland European shares, especially those that are sensitive to interest rates and the US dollar, offer good price appreciation potential970 words
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Article, Illustration1489 1993-07-29 59 Willy Shee - Singapore's residential property market is still worth looking at, says Willy Shee Willy Shee The writer is managing director of Richard Ellis THE wide publicity given to the rush to book a private apartment during the past five months and the resulting overnight queues have1,489 words
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Article, Illustration1245 1993-07-29 60 Prem Kumar - Fundamentals will assure adequate returns for investors, says Prem Kumar Prem Kumar The writer is senior manager of Jones Lang Wootton, Johor Baru THE property market in Johor Barn has gained tremendous momentum in the last five years with significant increases in both capital and rental1,245 words
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Article, Illustration1798 1993-07-29 62 David Faulkner - China and Hongkong offer diverse opportunities for investing in property. David Faulkner has the details David Faulkner The writer is a partner with Brooke Hillier Parker in Hongkong THE CHINESE property market is rightly regarded as one the fastest growing markets in the region,1,798 words
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Article137 1993-07-29 62 REAL estate agencies to Australia offer management services for investment properties. Large developers like Meriton, based in Sydney, whose apartments are popular with offshore boyera, offer in-house management service. Most investment properties are leased and managed by agents. This is particularly necessary for absentee137 words
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Article, Illustration1126 1993-07-29 62 Florence Chong - Investqrs looking for ldjiHerm gains stand to benefit from says Florence Chong Florence Chong The writer is BT's Sydney correspondent A TAIWANESE woman recently bought a penthouse with spectacular views of Sydney Harbour for her teenage daughter a present for passing Higher School Certificate* 3-bedroom house; Source: REIA & MGICA - 1,126 words
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Article, Illustration1404 1993-07-29 63 Jeremy Lake - Jeremy Lake on the factors that investors should consider Jeremy Lake The writer is associate director, investment sales, oj Richard Ellis SINGAPORE'S strong growth in the 1970s and stringent controls on the use of CPF savings in the early years have resulted in Singaporeans earningSource: Richard Ellis - 1,404 words
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Article, Illustration2057 1993-07-29 64 Edmund Tie - Edmund Tie takes a broad sweep through the region's real estate markets Edmund Tie The writer is managing direc tor. Jones Lang Wootton Real estate markets in the Asia-Pacific are at varying stages of maturity. At one end lies China and Vietnam which have yetSource: Govt Publications; Source: JLW Research - 2,057 words
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Article, Illustration1316 1993-07-29 65 Tan Keng Hock - Tan Keng Hock argues the case for private pension funds Tan Keng Hock The writer is director, Schroder Investment Management Singapore Ltd IF ASKED where most of their savings are, most Singaporeans will point to their CPF and to their home.1,316 words
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Article, Illustration1093 1993-07-29 66 THE focus on equity markets has been evident in Southeast Asia over the past six months. This is perhaps natural because of excess liquidity and market volatility, and in a bull market, volatility often means opportunities. Although the stock market enjoys a higher profile, theSource: TeleTrac - 1,093 words
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Article, Illustration886 1993-07-29 67 Tan Suee Chieh - Tan Suee Chieh considers some new insurance sectors Tan Suee Chieh The writer is the general manager and actuary of Prudential Singapore IN THE past, it would be fair to say that the life assurance industry was primarily in the business of providing safety nets886 words
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797 1993-07-29 67 Chen Tzu Ching - There is a life plan for you. Chen Tzu Ching looks at the options in life insurance Chen Tzu Ching The writer is an assistant general manager at The Insurance Corporation of Singapore Ltd WHAT end of the investment797 words
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Article, Illustration1426 1993-07-29 68 Elsie Foh - Elsie Foh tells you how to get the most out of your loan Elsie Foh The writer is senior vice-president, consumer banking, of DBS Bank MONEY plays a vital role in our lives, so it is important that we know how to handle it well*As1,426 words
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Article, Illustration822 1993-07-29 69 George So - Private banking is one of the fastest-growing activities for banks in Singapore, Hongkong and other major financial centres. George So has the details George So The writer is head of private banking of Wardley Ltd. Singapore PRIVATE BANKING in South-east Asia, as a distinct822 words
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Article, Illustration957 1993-07-29 69 Urs Brutsch - By Urs Brutsch The writer is senior representative of Credit Suisse Singapore AS telecommunications and speedier means of transport continue to make the world a much smaller place, offshore banking centres are becoming increasingly accessible and attractive to business people and private investors throughout the world. There957 words
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Article, Illustration814 1993-07-29 70 Samuel Ee - Samuel Ee picks the cars with the best resale values Samuel Ee The writer is a sub-editor of Business Times RARE is the consumption good that does not lose its value. Rarer still is one that can appreciate. Here in Singapore however, there are thousands of814 words
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Article, Illustration786 1993-07-29 70 Alain Farhi - Alain Farhi on the popularity of precious metals among investors Alain Farhi The writer is managing director ofComhedge Pte Ltd, the Asia/Pacific marketing agent for the Commodity Exchange, Inc. This article is not a solicitation to trade FOR CENTURIES, precious metals have fascinated investorsSource: Future Source - 786 words
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Article, Illustration813 1993-07-29 72 Aral Inthirarajah - Aral Inthirarajah examines another kind of chart for a portent of market movements Aral Inthirarajah The writer is a financial consultant with a US-based firm of investment bankers and brokers. The opinions expressed here are entirety his own and do not reflect those of his firm813 words
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Advertisement223 1993-07-29 46 The Key to Security: a 120-year-old tradition in private banking Mortice key, Nuremberg, late 15th century. The principle on which this key is based is so reliable that it is still in use today, for instance in cash registers. At Swiss Bank Corporation Singapore we insist on regular personal visits223 words
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Advertisement156 1993-07-29 46 The last day to qualify for the Government's $200 grant is 31 August. If you are a Singaporean aged 21 and above (on or before 31 August 1993), by adding $500 to your CPF Account between 1 March and 31 August you will get the full $200 grant. Those who156 words
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Advertisement45 1993-07-29 47 matures cti i w i l |j|gj *£|f i|rj&3. j ;V fs AH^fe ft *o*o* JmM| ,On a„ *1 tli -j' personceitws, unti ifcnf 4 >" Both con* nty comprifatly couUtay, corporate dw^|jgf|p 4> TAN CHONG SONS MOIOR CO., (S) PTE. LTD. YOU COME FIRST i^jflKHflfl45 words
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Advertisement202 1993-07-29 48 217 years ago, John Hancock was the first to sign his name on the American Declaration of Independence because he believed passionately that all people had a fundamental right to life, liberty and the pursuit of happiness. m Today, more than ever, his name stands for Independence your financial independence.202 words
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Advertisement127 1993-07-29 49 pj;', I I VER T A K F A I I I I I ui^ 1 M— ON THE ROAD a 011 II Do Y° u have what it takes to drive a Volvo? First you'll need a /irm belief that tangible benefits are far more important than overt displays127 words
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Advertisement104 1993-07-29 50 Hbw Francis Tan -imT i With the vou timely our Only by to Teleview's unique services, access provided by quickly. For instance, Portman by Singapore Press Holdings. With Portman, Francis could instantly track the performance of his have their values computed for when shares chosen selling More importantly, Teleview with104 words
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Advertisement33 1993-07-29 51 Cut through the financial maze. Make the P p next investment move with us. s Overseas Union Bank Limited Head Office: One Raffles Place, OUB Centre, Singapore 0104. Customer Service Line: 1800-533 069633 words
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Advertisement291 1993-07-29 52 The Subaru family Every family is made up of different personalities. The Subaru family of cars is no exception. Ranging from 700 cc to 3300 cc, each of our models offers you features suited to your every need. All Subaru cars are designed with you in mind. Safety, performance and291 words
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Advertisement315 1993-07-29 53 Announcing the Shenton Asia Pacific Fund When you invest in Asia's dragons and tigers, something incredible happens. Compare 28.8% with the returns offered In fact, the Fund invests ip all five of by your savings account The difference is these booming stock markets. And as you i J I'd like315 words
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Advertisement22 1993-07-29 54 i m yr THMBl^HWlB^^^^^^^^B lilt faM -H* verMf*^tit, /*Jtdty eUf -fU U#*t 6 CAfh*. *'cL JmSfL-fash a*<L arm* f fcMj pM Q^f«t.22 words
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Advertisement933 1993-07-29 55 It's what you can do with your money after you invest that makes a UOB Life Guaranteed Endowment Plan so sweet. There's an eager buzz flying through financial circles and it's all because of an extraordinary new investment product from UOB Life the UOB Life Guaranteed Endowment Plan. M§|ggp Only933 words
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Advertisement162 1993-07-29 56 The IWC automatic Da Vine]® The small IWC Da Vinci* chronograph chronograph with perpetual calendar with everlasting moon phase display, and everlasting moon phase display. We welcome all ladies who never We welcome all gentlemen who have have enough time, time till the year 2499. Ladies and gentlemen should drop162 words
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Advertisement304 1993-07-29 56 r-ciram i*im»or* mahc*> h** I Joo May S»» joo M«y w -J~ M s p JO <7i)o.— 2 1 j•: •.O U M „L.AjW\J\.X.-L. hm WW/93 TvW I iVyUli 16/17/93 <eo j y/f .j —f —l i Hi» irfTi*— 1 FT I Ma of Ijtet OtfhUndng 465 M« 9000. --T304 words
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Advertisement547 1993-07-29 57 Y °aSnt? Are you sure you're getting a good return on your money? Take in a PruLink Capital Account and the policyholder is not required VALUE OF $1,000 INVESTED SINCE 1974 bank interest rates for example. Currently a savings account will pay to pay tax on the proceeds, under current547 words
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Advertisement326 1993-07-29 58 A TOYOTA CORONA CAW NOW GET YOU FROM THE HIGHWAYS OF SINGAPORE TO THE FAIRWAYS OF ENGLAND. If you book a 2.0 or 1.6 litre Toyota Corona tour of London Including accommodation. engine and Electronic Controlled now*, you could win an all-expense-paid holiday to In addition, if youVe buying the326 words
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Advertisement143 1993-07-29 59 f t .yM" wgr' I The Tourbillon Watch in 18 Karat Gold IS THE UNIQUE TOURBILLON WATCH CERTIFIED BY THE SWISS OFFICIAL CHRONOMETER TESTING AUTHORITY (C.0.5.C.l PRODUCTION OF THIS CHRONOMETER IS AN UNPRECEDENTED TECHNICAL FEAT FOR A WRISTWATCH OF THIS KIND. IT IS CONFIRMATION OF OUR DEVOTION TO THE BEAUTY143 words
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Advertisement163 1993-07-29 59 Jt a mls FXLA holder. Are vou?" Practically anyone can now invest in foreign currencies. With just US$ 10,000 you can open Bank of Past Asia's Foreign Exchange Leverage Account (FXLA) which gives you access to the global currency markets at the touch of a telephone day or night What's163 words
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Advertisement29 1993-07-29 60 PERSONAL FINANCING PORTFOLIO hh] SING INVESTMENTS FINANCE LTD. ROBINSON RD ANG MO KIO BEDOK MACPHERSON V *****98 456 9715 445 9596 *****55 *****94 452 8249 445 8153 221 969029 words
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Advertisement142 1993-07-29 60 H j^—-—' 'n THE ATTRACTION: PURELY FISCAL THE PROMISE: TRULY GLOBAL At last: the much-awaited event that Scheduled to happen at the World Trade offers diverse investment avenues across the Centre from April 22nd to 24th 1994, this oneglobe, as well as opportunities for money and stop exhibition aims to142 words
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Advertisement667 1993-07-29 61 An exceptional piece of jewellery is distinguished by the time it keeps. phenomenon that had not been complex forms craftsmanship fantastic display what can be considered more elaborate than or the fantasy watches the 1820s the a 1830s. From as early as the late JX* designed for contemporary tastes the667 words
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Advertisement59 1993-07-29 62 The bicj news is BBC. NEWsVisiON SCV's News Vision now also brings you BBC news from London for CNN International news, plus selected programmes from UN (UK), NHK (Japan), AusTV h1 /2 hour from Monday to Saturday. Along with 24 hour SINGAPORE CABLEVISIQN (Australia) and SBC. Call David Ng on59 words
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Advertisement163 1993-07-29 63 Dream Machine^^ Jm /I All 'i I Voted personal choice, two years' running by the impeccable blend of the most advanced race-bred tenance from Malayan Motors, and pnces that start Sunday Times motoring correspondent, the Jaguar technology, with the refinement of traditional at $218,000, isn tit time your dream became163 words
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Advertisement227 1993-07-29 64 t The most competitive rates for your foreign currency deposits. _a—s-12^. a) -S 7 75% a a Sterling L a J" AU$ O 4.0625% NZS 4.35% With as little as $20,000, you can invest in the world's leading currencies. For the latest interest rates, please call 534 2186/7 or 535227 words
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Advertisement615 1993-07-29 65 ife'' M■. r. .^ijj^^^H Will iniiifli^^B *La»7.' a xi^^Bta^-afcx^ Trustee Shares New tatusflr Approved Convertible Approved UnitrWts (listed on SES main board) Trustee Shares Loan Stocks WHEN BROWINB YOUR NEST EQO. A GOOD PARTNER CAN INANE AU. THE DIFfEREHCE. i *t /fff' Gold Certificates Gold Other InveaSß^ soon to be615 words
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Advertisement79 1993-07-29 66 > >w, our earliest latest flights from spore to Hong Kong d ft *t »ss advantage. You iw leave earlier at and get a headstart day. Or leave later n and get more out >, Cathay Pacific's ounge is now open sengers travelling lass*. So, before ur flight, you can79 words
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Advertisement121 1993-07-29 66 IK\ 1 >I Us. ln T ou^ h -..v, KH I'SMH IMOM II Willi IHI \I\KKI I -«s3 1 I lffT«uc*t* ■fV 111'_' <Ut ilk' i>'ll> >W lIK' ii.ll .1 II •> I J- tii *i»i v I i»n-I'J 11 >. I .in .V v"\n.r.\ I > -Ik V I.IK121 words
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Advertisement77 1993-07-29 67 Your lunch begins including salads, fresh prawns, salmon, cold Have remember, more There are six equally delicious ones to choose from. Which will you have? a.** Make way for 20 sweet temptations tartlets, mousses, «<4» W ice-cream, calces and chocolates. Who can blame you you WB^^^SKr'T/y Taste a country every77 words
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Advertisement188 1993-07-29 67 =se— TO THOSE WHO INHABIT AN EXCLUSIVE WORLD, HERE'S A WORLD OF OPPORTUNITIES. i" A WARDLEY PRIVATE BANKING ■L-i Tt tt uLft 2i A $1 JLM Jr all Individuals of wealth and assets, people like yourself, markets is available through our centres in Hong Kong, deserve the unique service of188 words
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Advertisement159 1993-07-29 68 I. ii— —i in 111 nitr' I MB r ■ray-:. s^^^Ku^f^->^^BK|'^ES r #Mmkll^ K Ip^dfiv^^. K&S Fli^H'^^Hn^S^l^Q^BX. .VI" ji. MB^^Hmj^^^l v: i r^^^y!i3r'iß- I Alloy wheels are standard only on 3.0 L range. I NEW 1 The lastest symbol of success; a ■fIHK m 1 PEUGEOT J declaration of individuality159 words
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Advertisement165 1993-07-29 69 jSAiiik Bkft *fc s lfe*> 1 >v y v -^Jek'iS^ik''"* f :^^Sj^RjHSS^BßK^Bß^^&': S"." v M .f v £i* j j j. iS 1 1 \^^'-^^ijP^^|[HHK^ HL' Jfef I^HK* ■i* .-mß*" k *>•' '#> l t^WJj'l^l >"" J V v ■;&r With a Keppel Bank CPF INVISTMINT ACCOUNT, for earlier investments165 words
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Advertisement275 1993-07-29 70 P mm 1 I It's taken us 10 years to become an overnight success. Ten years ago, we were seen as a highly successful U.S. We can now offer clients a truly global service, includbased stockbroking firm. In the last decade, we have made it ing securities research and investments,275 words
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Advertisement118 1993-07-29 70 THE COMPLETE SOLUTION TO HAIR PROBLEMS Hay's secret formulation from herbal J plant extracts is the key to a holistic m Wj approach to balding, hair loss, thinning -I*r hair dama 6 ed hair premature greying and problems including dandraff, etc. •No Surgery or Implants No Drugs or Injections No118 words
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Advertisement744 1993-07-29 71 The Hospital Income Plan with a 25% no-claim bonus BHwm^^f•,"' Via??' lhe naked truth is that everyone with any imagination Enrol now and get 30 days' free cover secretly fears one particular disease or another. Practically anyone between 21 and 60 years old living 5 7 As the years go744 words
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Advertisement206 1993-07-29 72 Real estate has been known to make I I m 111 Hl||l|V HI 11 ■if I 111 \M [111 11 >l'l 111 ll|il H 11 1 out of ordinary folks and billionaires out of millionaires. before you go you know has been known to make paupers How you and what206 words
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