The Business Times, 4 November 1993
1993-11-04
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The Business Times
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Title Section13 1993-11-04 1 Business Times WE KNOW ASIA MITA (P) 552/12/92 Thursday November 4 1993 75«13 words
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2am LATEST
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73 1993-11-04 1 Reuter NEW YORK US blue chips trimmed some of their losses at midday yesterday, but the market remained plagued by concern about the sustainability of economic recovery. The Dow was down five at 3,693 after sinking to 3,680 and declines continued to leadReuter - 73 words
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72 1993-11-04 1 AP WASHINGTON Strength in consumer spending, especially for cars, is powering a "slow to moderate" economic recovery across much of the US, the Federal Reserve said yesterday. "Consumer spending rose in a majority of districts, with particular strength noted in sales of autosAP - 72 words
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Article, Illustration111 1993-11-04 1 Stock market indices Wednesday Change STI1 2,127.43 +3.58 KLSE Composite 982.03 +9.67 Nikkei dosed Hang Seng 9.352.11 -290.80 SET Index 1.303 39 -54.36 Jakarta Composite ...484.25 +10.24 CLSA China B 1.081.35 +19.25 AustAUOrd 2.108 4 -16 9 FTSE 100 3,162.3 -1.8 Wednesday Previous 10.30a dose Dow Jones 3.646.18111 words
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Article, Illustration499 1993-11-04 1 Ramesh Divyanathan - By Ramesh Divyanathan SINGAPORE Yeo Seng Teck, chief executive of the Trade Development Board, was yesterday charged with 22 corruption, forgery and cheating offences involving several million dollars. Some of the offences carry mandatory jail sentences. No plea was taken from Yeo, and his case499 words
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553 1993-11-04 1 R Sivanrthy - By R Sivanrthy SINGAPORE Burgeoning liquidity in the stock market and the listing of Singapore Telecom will ensure a record year for stockbroking firms this year. For the ten months to October, a phenomenal 47.34 billion units worth about $85 billion were traded,553 words
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Article, Illustration376 1993-11-04 1 R Sivanithy - By R Sivanithy SINGAPORE Regional bulls withdrew suddenly from the Hongkong and Thai stock markets yesterday, but continued charging in the Philippines. In Hongkong, the blue-chip Hang Seng Index dived 290.80 points, or 3.02 per cent, to 9,352.11 as brokersSource: Bridge Info - 376 words
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155 1993-11-04 1 Reuter WASHINGTON The US Securities and Exchange Commission yesterday proposed a series of regulatory changes that would make it easier for foreign companies to raise capital in the US. Under the plan, which is subject to public comment and aReuter - 155 words
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Article, Illustration72 1993-11-04 1 KUALA LUMPUR Melaka Chief Minister Abdul Rahim Tamby Chik (above) was elected Umno Youth chief at the movement's general assembly here yesterday. He defeated Negcri Scmbilan Menteri Bcsar Mohamed Isa Abdul Samad by a 44-vote majority. The post was contested following Defence Minister Najib72 words
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614 1993-11-04 1 Genevieve Cua - By Genevieve Cua SINGAPORE Asia-Pacific Breweries is taking control of its troubled New Zealand associate brewery DB Group. In a surprise move, the group yesterday announced a NZ$ll5 million (SSIOI million) manufacturing deal in which it will take over614 words
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Advertisement18 1993-11-04 1 Law: pg 25 Bearing the burden of disclosure How Telecom share prices fared on Day 3 Page 1118 words
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Advertisement11 1993-11-04 1 Hock Lock Sienchii Good showing by^ffiam Fuller reports on Pages 17-2011 words
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SINGAPORE NEWS
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eye on the ECONOMY
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Article, Illustration372 1993-11-04 2 Anna Teo - By Anna Teo THE latest movements of a set of construction indicators suggest that the sector will see. not a slump as feared previously, but Hat growth next year. In particular. 1994 will still be a relatively good year for the public construction sector, withSource: Transearch Consultants - 372 words
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286 1993-11-04 2 FUELLED by the buoyant residential market, the investment sales market for property in Singapore saw total transactions rising by 16 per cent to *****.7 million in the third quarter. According to the latest quarterly report from property consultant Jones Lang Wootton286 words
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285 1993-11-04 2 Abdul Hadhi - By Abdul Hadhi THE local residential property market continues to be firm. A check reveals lhat all 261 apartments at Great World City as well as 90 per cent of Melville Park have been sold. Developer Leo Properties confirmed yesterday that the last285 words
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386 1993-11-04 2 Schutz Lee - Dhanabalan in China Reports from Schutz Lee in JINAN, Shandong THE Trade Development Board has signed a pact on information exchange with the Shandong Foreign Economic Relations and Trade Commission, making the Chinese province the first to have a formal link-up with a386 words
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247 1993-11-04 2 JINAN. Shandong The Singapore government is promoting broad-based investments in Shandong province, along the lines of "enterprise development" rather than a single large infrastructure! project as in Suzhou city in Jiangsu. In particular, the government believes that projects which centre on247 words
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Article, Illustration292 1993-11-04 2 Teh Hoot Ling - Arrest of TDB chief By Teh Hoot Ling TRADE Development Board chief Yeo Seng Teck. who faces 22 corruption, fraud and cheating charges relating to the sales and alleged sales of antiques, is noted for his avid interest in art. In292 words
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Page 2 Advertisements
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Advertisement314 1993-11-04 2 VENTURING INTO SHARES? I g WE HAVE THE CASH! vH For mora information coll JM jgj 1800 *****10 toll-free and male* it wHh us. J MAKING IT WITH YOU J ©DBS FINANCE S "VILLAGE ON THE PARK" ZILLMERE FIRST TIME OFFERED PARKSIDE TOWNHOUSES Townhouses: 2 bedroom with from A<DIAJ. QAAf314 words
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Advertisement10 1993-11-04 2 i proposed. She aeo^d." Call today for results tomorrow. 737-116610 words
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Advertisement119 1993-11-04 2 mIICED Uotn FRIENDLY Computer users looking for computer products or services have a difficult PW time making a decision from the wide tmHKt variety of options available. So, if you provide computer hardware, software, accessories and related services, make yourself user- M f > friendly and visible by displaying 1119 words
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THE REGION
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Article, Illustration301 1993-11-04 3 National Security Council to conduct study on problems caused by workers NST KUALA LUMPUR The Malaysian Cabinet has suspended hiring of foreign manual workers for an indefinite period, and directed the National Security Council (NSC) to conduct a study on the social andNST - 301 words
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128 1993-11-04 3 AP JAKARTA Indonesia posted a trade surplus of US$6.l6 billion (559.79 billion) in the first eight months of 1993, up 93.81 per cent from January-August last year. Information Minister Harmoko said yesterday. Mr Harmoko said Indonesia exported U5524.12 billion worth of goods and imported goodsAP - 128 words
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333 1993-11-04 3 Maggie Ford - From Maggie Ford in JAKARTA A TEAM of high-level Indonesian ministers is to fan out to the provinces this week to provide guidance to local government officials and provincial businessmen on issuing permits and licences to foreign investors. The team will include the333 words
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ASIA NOTES
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Article75 1993-11-04 3 Reuter BANGKOK Brunei is not interested in a 40 per eent stake in Philippine oil refiner and marketer Petron, the permanent secretary to Brunei's Prime Minister said yesterday. Oil industry sources had speculated that Brunei was one of several South-east Asian oil producing countriesReuter - 75 words
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Article, Illustration39 1993-11-04 3 Reuter TAIPEI Taiwanese legislator Lai Ying-fan brandishing toy pistols during a debate in Parliament on Tuesday. Mr Lai called for the toy pistols to be banned because they could be used in robberies. ReuterReuter - 39 words
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Article74 1993-11-04 3 Reuter BEIJING North China's first oil exchange opened yesterday in Beijing, with turnover of U5527.4 million (5543.8 million) in the inaugural session, the official Xinhua news agency said. About 102.000 tonnes of crude and petroleum products changed hands in the debut session. Xinhua said. The exchangeReuter - 74 words
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Article90 1993-11-04 3 Reuter TOKYO Japanese prosecutors are preparing to question a powerful figure at the country's second-biggest building company in a snowballing bribery scandal, a daily reported yesterday. The prosecutors believed Kajima Corp chairman Rokuro Ishikawa gave advice to company vice-president, Shinji Kioyama, who is suspected ofReuter - 90 words
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447 1993-11-04 3 AFP MANILA The six-member Association of South-East Asian Nations plans to present a unified stand at this month's informal Asia-Pacific summit in Seattle, a senior Philippine official said yesterday. "There are still different opinions on how Apec should proceed," Foreign Undersecretary Rodolfo SeverinoAFP - 447 words
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478 1993-11-04 4 AP, Bloomberg Business News WASHINGTON The Clinton administration has warned China that unless it makes significant progress in removing trade barriers by Dec 31, the United States will retaliate against Chinese products. Deputy US Trade Representative Charlene Barshefsky, who wasAP,; Bloomberg Business News - 478 words
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510 1993-11-04 4 AFP. BEIJING The Chinese government is softening its four-month-old austerity plan in a bid to wrest consensus from an upcoming communist party meeting that will be asked to back a vital batch of economic reforms, analysts say. Top stateAFP. - 510 words
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202 1993-11-04 4 Reuter EDINBURGH William Purves. head of the Hongkong Shanghai Bank's UK holding company, HSBC Holdings pic. has warned British firms against isolating themselves from China's booming economy. Mr Purves said that in four decades, Asia had become a global economic powerhouse. ChangeReuter - 202 words
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223 1993-11-04 4 AFP, AP HONGKONG Foreign businessmen have invested more than US$l5 billion (5523.8 billion) in China so far this year and pledged US$B3 billion more, the trade ministry said yesterday. From January through September, the ministry approved 62,789 new joint ventures, construction projects andAFP,; AP - 223 words
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466 1993-11-04 4 Reuter WUHAN, China The local press called it "the snake swallowing the elephant". In September, a private company with just 127 staff in the central Chinese city of Wuhan bought out a failing stateowned match company with 1,800 workers that hadReuter - 466 words
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567 1993-11-04 7 Reuter, AP TOKYO United States Defence Secretary Lcs Aspin has warned that the US and its allies would consider imposing sanctions on North Korea if fears over Pyongyang's nuclear ambitions were not resolved. "At the moment, we are pursuing theReuter,; AP - 567 words
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Article, Illustration287 1993-11-04 7 SINGAPORE Australian Deputy Prime Minister Brian Howe and Special Minister of State Frank Walker will be visiting Singapore this week as part of an on-going effort to strengthen bilateral relations between the two countries. Mr Howe arrived here last night from Bangkok, after287 words
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269 1993-11-04 7 Reuter TOKYO Three in five Japanese believe Japan should open its tightly protected rice markets to foreign grain, according to a newspaper poll published yesterday. The survey, by the daily Asahi Shimbun, appeared as Japan's farm minister held crucial talks inReuter - 269 words
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364 1993-11-04 7 Bloomberg Business News TOKYO A banner hanging from the grey facade of Japan's 59-year-old Finance Ministry says it all: "Buy more imports and make your household international." That exhortation represents the aim of an import promotion campaign by Japanese Prime MinisterBloomberg Business News - 364 words
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251 1993-11-04 7 AFP SYDNEY Disappointing Australian retail trade data for the September quarter could spell bad news for hopes of economic recovery, lower unemployment and a continuing surge on the stock market, economists said yesterday. Analysts are revising their forecasts for gross domesticAFP - 251 words
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Advertisement126 1993-11-04 3 ince our inaugural flight in August, more and controls. They have sampled the delights of Myanmar J more people have discovered our new standards. cuisine. Complemented, of course, with a free-flow of For starters, they have enjoyed the luxury of our fine French wine. And they have discovered a warm126 words
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Advertisement65 1993-11-04 5 Guaranteed to make a deep impression v, S-^xZp^•-' **iiMf^y^' > ''SSv l "'jSm v ."^p^ >-„, ;sip OMEGA The sign of excellence Sole Agent and Service Centres: SILVAROYAL PTE LTD. 250 North Bridge Road #15-01 /02 Raffles City Tower Singapore 0617. Tel: *****62. 17th Floor Wisma Goldhill 67 Jalan Raja65 words
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Advertisement199 1993-11-04 6 A dedicated freight hotline. Instant price quotes for shipments from 20 kgs to thousands of kilos. Guaranteed cost savings* And next-day delivery to the USA BLSg Can you expect the same from other air express companies? Probably not. So call the FedEx Freight Hotline: 1-800-743-2626. When it comes to sending199 words
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Advertisement71 1993-11-04 7 at A M PersonaOmance and Merchant Banking MHT 0 1 IP 1 J® I "V 4-5 $13- szh P:>jM'"■%'&•"■ ®£L:?#% #?fllfe; 9t?PC %SK |t I #S@Mes» jffl BL BL, I -jl BsL 9 Jl mSm- M JB S R A B B B. JB JB K fl jfl J fc,71 words
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REGIONAL FOCUS
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Article, Illustration934 1993-11-04 8 Maggie Ford - Changes in Indonesia's Golkar Party From Maggie Ford in JAKARTA INDONESIA'S Minister of Information Harmoko is in for a tough few years. The new chairman of Golkar. the political group which has ruled Indonesia for a generation, is the first civilian to hold the934 words
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547 1993-11-04 8 Reuter JAKARTA An Indonesianbased coal company with Australian and Spanish interests says it is ready to help fuel southern China's rocketing demand for electricity. Graeme Robertson, presi-dent-director of PT Adaro Indonesia, said he had signed contracts to export between 20.000 and 30,000Reuter - 547 words
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Advertisement93 1993-11-04 8 4 rY' /H .Y Y' 'V' \k x 'v;'v THURSDAY SATURDAY L_ i PIA can now whisk you from Singapore to Jakarta on Thursdays and Saturdays in the comfort of our A3los. From ML. November 4th, not only will you enjoy our famous Eastern hospitality, but you'll also get there93 words
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Advertisement109 1993-11-04 9 When Wharf Spreads A New Idea. -f.'y Jfft',.' 4* 'W-, w A§ > f > W*. ;i>a- r au,yij r n *?m¥r*. Vs& ;-i'&&&■,*, i »-f -I -II MWI^B -> liPSjL" W^BIHBSffMH^HBMWMHBMIMBMMtfinn* Wl%s* 1~- 1 j jsM^ ?->*• it J^aaaaHHM g~f%? *y\ 1 r v** v i'* j.-%~< >' .r\~*i109 words
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THE WORLD
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WORLD WATCH
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76 1993-11-04 10 Reuter ROME Olivetti computer tycoon Carlo de Bencdetti was allowed to leave jail on Tuesday after being interrogated for some six hours on corruption charges, his lawyers said. In a brief statement, they confirmed investigators had agreed to his request to be released intoReuter - 76 words
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Article95 1993-11-04 10 AP LONDON A Bill to sell state-owned British Rail among the Conservative government's most controversial privatisation programmes passed its final stage in the House of Commons yesterday. Prime Minister John Major headed off a parliamentary rebellion by agreeing to an amendment that gives BritishAP - 95 words
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66 1993-11-04 10 Reuter ROME Prime Minister Carlo Azeglio Ciampi on Tuesday unveiled plans to restructure Italy's scandal-tainted secret services, accused of systematically looting millions of dollars in public money. No details of Mr Ciampi's address to the closed Parliamentary Committee on the Secret Services were releasedReuter - 66 words
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Article, Illustration393 1993-11-04 10 AP BERLIN Germany and France have sought to give a boost to flagging European economies by laying the groundwork for a joint plan to reach the goal of a common European currency. A day after the Maastricht Treaty on European Union went intoAP - 393 words
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327 1993-11-04 10 SINGAPORE Senior Minister Lee Kuan Yew will deliver a keynote address "Can Singapore's experience be relevant to Africa?" to 25 African leaders at a three-day conference at a local hotel from Nov 8. The conference, the first of its kind in Asia, is327 words
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167 1993-11-04 10 Reuter LONDON The opposition Labour Party yesterday demanded the closure of tax loopholes that it said were costing Britain billions of pounds. Labour's economic spokesman Gordon Brown called for tax reforms and an end to abuses that he said could fetch theReuter - 167 words
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287 1993-11-04 10 Reuter PARIS The US and Canada will enjoy further growth in 1994, while Europe and Japan will struggle to emerge from recession, the Organisation for Economic Co-operation and Development (OECD) said yesterday. OECD chief economist Kumiharu Shigchara told a business conferenceReuter - 287 words
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166 1993-11-04 10 Reuter. WIESBADEN, Germany Germany recorded a foreign trade surplus of three billion marks (SS2.B billion) in August and 28 billion marks for the first eight months of the year, the federal statistics office said. The monthly figure remained steady compared with July, whenReuter. - 166 words
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Article, Illustration79 1993-11-04 10 AFP, Reuter WASHINGTON A host of familiar faces, including former US President Jimmy Carter (right) and former Secretaries of State Henry Kissinger (left) and James Baker, gathered at the White House on Tuesday in a bipartisan show of support for the embattled NorthAFP,; Reuter - 79 words
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Advertisement95 1993-11-04 10 IA^SEHF Omni Marco Polo Hotel Tanglin Road The cuisine, as visiting chef Jean-Louis Vosgien hastens to add, is another. And if you stop by our 20th birthday celebrations between November 5 and 14, he'll be glad to gratify the most demanding gastronomic appetites. Call 474 7141 Ext. 1985 for reservations.95 words
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Advertisement71 1993-11-04 10 BECOME 'RICH HAPPY* as an owner of Medan Country Club (golf-resort-hotel) project instead of just a car or a golf -club membership. Resources expert Dr. Ta King Ho will also advise you the way to multiply your wealth in a one-day seminar on November 20 (Saturday). Attendance is very limited.71 words
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Advertisement95 1993-11-04 10 BUSINESS TIMES/SERGIO MENDES PROMOTION S«CK) MENPCS BKASIL'99 IH CONCERT Ken-Air 7 Days Gold Coast (Australia) Tour for two plus a pair of $100 concert tickets. Patrick Goh *****14/J A pair of $100 concert tickets and a Sergio Mendes CD each. Caroline Veo *****79/ D Siti Rafidah Bte Hassan *****41/Z Audrey95 words
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COMPANIES & MARKETS
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Article, Illustration574 1993-11-04 11 Rahita Elias - Reports by Rahita Elias in MANILA CONGLOMERATE Keppel Corporation, already the largest Singapore investor in the Philippines, plans to further expand its interests in the country. At a press briefing yesterday, chairman Sim Kee Boon said the group was on the lookoutPhoto by Chris Lob - 574 words
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336 1993-11-04 11 MANILA Rig builder Far East Levingston Shipbuilding has secured its second deal to build floating power stations for the Philippines, just one month after commissioning its first US$l2O million (SslBB million) power project. National Power Corporation president (Napocor) Francisco Viray told reporters336 words
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199 1993-11-04 11 SINGAPORE Publiclylisted computer maker IPC Corporation has primed itself for a big push into the Australian market, with the setting up of a wholly-owned subsidiary in Melbourne. The new company, IPC Corporation (Australia) Pty Ltd, has a paid-up capital of A 5250,000. It will have199 words
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Article, Illustration706 1993-11-04 11 Agnes Chen - HOCK LOCK SIEW By Agnes Chen SINGAPORE Aokam Perdana may finally have made converts of its critics. For two years in a row, controlling shareholder Teh Soon Seng and his management have delivered on their promise of phenomenal earningsSource: Bridge Info - 706 words
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Article, Illustration349 1993-11-04 11 Joyce Quek - TCI E TPFKIPi By Joyce Quek SINGAPORE Day 3 of Singapore Telecom (ST) trading turned out to be a rather quiet one. ST, sold in lots of 1,000 shares, was the fifth most active counter sandwiched between Malaysian companies, with a volume of 15.7 million sharesSource: Bloomberg - 349 words
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Article, Illustration277 1993-11-04 11 Joseph Rajendran - By Joseph Rajendran SINGAPORE The share price of Sesdaq-listed Polytek Wearnes shot through the roof in yesterday's morning trading session, closing 78 per cent higher at SI. 19. Its parent, Wearne Brothers (Wearnes), also rose, but not in the same stroke. Wearnes closed 3 perSource: Bloomberg - 277 words
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Article, Illustration337 1993-11-04 11 Source: Bridge Info Performance of STII's Index stocks Nov 3 Last Srasc lairs Stock talc Char factor amvm (I) Avirno 1880 -0.020 1.24 -8 16 CAC 7.900 0 200 5.43 81.63 CWT 2.710 -0 090 I 86 -36.73 Cerebos 7 200 0.1 SO 4 95 61.22 FAN 15.700 10.79Source: Bridge Info - 337 words
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COMPANIES
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COMPANY BRIEFS
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Article51 1993-11-04 12 SINGAPORE Van der Horst said yesterday that it is not aware of any reasons for the increase in the turnover and prices of its shares and warrants in the past few trading days. It was responding to a query from the Stock Exchange of51 words
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Article68 1993-11-04 12 SINGAPORE Pan Pacific Publications has entered into an in-principle agreement with Beijing Printing House No 3 to form a joint venture company in Beijing to print quality commercial forms, computer forms and coloured receipts for both local and foreign markets. PPP will have a 6068 words
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65 1993-11-04 12 SINGAPORE Rotary Engineering will own 51 per cent of a joint venture company it has formed with Sanko Co of Japan. Known as Rotary Sanko Engineering, the joint venture will provide plant engineering, design and construction services. Rotary Sanko will have an authorised capital65 words
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74 1993-11-04 12 Reuter BANGKOK The Stock Exchange of Thailand (SET) has put a "designated securities" tag on trade in Siam City Cement Co Ltd to warn the public it is monitoring recent big gains and heavy trading volume in the stock. The stock shot up itsReuter - 74 words
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Article52 1993-11-04 12 Bernama KUALA LUMPUR Trading of Damansara Realty Bhd shares (formerly Kesang Corporation) will resume at 9.30 am next Thursday, the Kuala Lumpur Stock Exchange said. Trading of Damansara Realty shares has been suspended since July 20, 1992, with the price standing at MB9 cent (555Bernama - 52 words
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Article64 1993-11-04 12 Bernama KUALA LUMPUR Sungeiway Group, which owns the water theme park Sunway Lagoon in Petaling Jaya, expects to finalise the setting up of a second theme park in Penang by next year. Group president Jeffrey Cheah said yesterday that the company had identified a 12 haBernama - 64 words
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73 1993-11-04 12 Bernama KUALA LUMPUR OYL Industries Bhd is setting up its operations in China, Indonesia, the Philippines and marketing companies in Singapore and Hongkong in order to take advantage of the growth opportunities in the Asia-Pacific Region. Chairman Omar Yoke Lin Ong said in the company'sBernama - 73 words
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Article61 1993-11-04 12 Bloomberg Business News SYDNEY Guinness Peat Group pic, the investment vehicle of New Zealand entrepreneur Sir Ron Brierley, said it is dropping its partial takeover bid for Australia's Power Brewing Co. Guinness Peat last month launched an offer of A 44 cents (546 cents) aBloomberg Business News - 61 words
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Article, Illustration419 1993-11-04 12 Teh Hooi Ling - By Teh Hooi Ling SINGAPORE Chinesecontrolled Anglang Investment, which is making a general offer for trading and property-based Summa Investments (Summavcst), announced that it plans to carry out a comprehensive review of Summavest's activities, save the Bugis Junction project. In its offer document,419 words
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230 1993-11-04 12 Reuter WELLINGTON Fletcher Challenge Ltd chief executive Hugh Fletcher said the New Zealand company plans to list both its ordinary shares and its new forestry shares on the New York Stock Exchange before the end of this year. "We expect to do thatReuter - 230 words
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435 1993-11-04 12 Alec Almazan - By Alec Almazan SINGAPORE A new tax measure increasing the levy on sales of stocks on the Philippine stock exchange from one-fourth of one per cent to one-half of one per cent could slow down Manila's high flying stock435 words
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234 1993-11-04 12 Bloomberg Business News KUALA LUMPUR The booming Malaysian stock market now offers fewer bargains than some of its regional competitors but several "boring" companies arc still good values. Mark Mobius, president of Templeton Emerging Markets Fund Inc, said yesterday: "It's basicallyBloomberg Business News - 234 words
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221 1993-11-04 12 Bloomberg Business News WELLINGTON Lion Nathan Ltd, the largest brewer in Australia and New Zealand, said net profit before one-time items in the year ended Aug 31 rose 20 per cent from a year earlier to NZ5140.2 million (S$ 123.3 million). Net profit, afterBloomberg Business News - 221 words
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360 1993-11-04 12 Bernama KUALA LUMPUR A dualpayee system to expedite the return of application monies of unsuccessful bumiputra applicants in public share issues has been initiated by MIDF Consultancy and Corporate Services Sdn Bhd (Midfccs). Midfccs general manager Ahmad Bin Abu Bakar said yesterdayBernama - 360 words
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161 1993-11-04 12 Bloomberg Business News HONGKONG Burwill Holdings said yesterday its net profit rose 108 per cent to HK572.2 million (5515.1 million) in the fiscal year ended June 30, from HK534.7 million the previous year. The figures are after taxes and minority interests butBloomberg Business News - 161 words
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267 1993-11-04 13 AFP HONGKONG China's Maanshan Iron and Steel Co Ltd grabbed the spotlight on its debut on the Hongkong stoek exchange yesterday, with its shares closing 60 per cent above their offer price amid heavy trading. Issued at HK52.27, the shares closed at HK53.65,AFP - 267 words
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Article, Illustration174 1993-11-04 13 Reuter HONGKONG Industrial and infrastructure enterprises will get priority when the next batch of Chinese firms to list shares in Hongkong is chosen, says the head of China's Securities Regulatory Commission. "Industrial firms will be stressed," Liu Hongru said,Reuter - 174 words
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Article278 1993-11-04 13 AFP SUBIC BAY, Philippines The United States firm Enron Power Corp is setting up its Pacific base operations in Washington's former naval base at Subic Bay, north-west of the Philippine capital. Enron vice-president for Pacific operations William Simpson said yesterday his firm hoped toAFP - 278 words
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245 1993-11-04 13 Reuter DETROIT Kmart Corp is selling most of its Pace membership warehouses to WalMart Stores Inc for more than US$3OO million (***** million), ending its foray into membership warehouse retailing and making its arch-rival Wal-Mart the biggest in the business. The move on TuesdayReuter - 245 words
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COMPANY BRIEFS
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95 1993-11-04 13 Reuter HONGKONG Citic Pacific Ltd managing director Henry Fan has denied rumours that the company or its Chinese state-owned parent would place five million shares in Hongkong Telecommunications Ltd, his office said. Mr Fan was unavailable for comment but an official in his officeReuter - 95 words
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Article93 1993-11-04 13 Reuter LONDON The US cigarette price war, started by Philip Morris Cos in May, helped lop nearly £100 million (***** million) off BAT Industries pic's third quarter profits. But the group, the world's second largest tobacco firm after Philip Morris, said improving insurance marketsReuter - 93 words
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Article105 1993-11-04 13 Reuter SEOUL Oriental Brewery Co Ltd said it would buy an 82 per cent stake in soju maker Kyung Woul Co Ltd for nine billion won (5517.7 million), securing backdoor entry into the lucrative market for South Korea's traditional liquor. The takeover is widelyReuter - 105 words
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Article, Illustration384 1993-11-04 13 Reuter BURBANK. California Warner Bros has teamed up with a top executive of Fox Television to launch a new broadcasting network in 1994 the second network start-up in the past week. The WB Network will be built around a string of television stationReuter - 384 words
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FINANCE
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631 1993-11-04 14 William Chia - By William Chia SINGAPORE Indonesian companies have taken advantage of the buoyant capital market to raise 3,593.29 billion rupiah (552.7 billion) this year. This is nearly double the 1,868.27 billion rupiah raised in the same period last year. Reflecting the impressive631 words
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146 1993-11-04 14 AFP HONGKONG Shanghai has taken the first move as part of the country's plans to freely float the Chinese currency by allowing individual depositors to deal in several foreign currencies, a report said yesterday. With approval from the authorities, the Bank of China inAFP - 146 words
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SMALL CHANGE
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Article79 1993-11-04 14 Bloomberg Business News BANGKOK Thai Farmers Bank, Thailand's second largest commercial bank, posted a net profit for the three months ended Sep 30 of 1.67 billion baht (S$ 104.6 million), up 9.9 per cent from the same period last year. On a per-share basis, earningsBloomberg Business News - 79 words
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80 1993-11-04 14 Bloomberg Business News HONGKONG Hongkong banks will be required to disclose more financial information in their annual reports over the next few years but will still be able to keep their inner reserves secret. The South China Morning Post yesterday quoted Hongkong MonetaryBloomberg Business News - 80 words
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75 1993-11-04 14 Reutcr LONDON The arbitrage trader expelled on Tuesday from the UK Securities and Futures Authority (SFA) was working for Kleinwort Benson when he secretly opened a US$4OO million (***** million) position in US bonds. The Telegraph newspaper said. Kevin Reed Morgan opened the USS4OOReutcr - 75 words
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321 1993-11-04 14 Paul Leo - By Paul Leo SINGAPORE Baring Securities has appointed Singa-pore-based James Bax as regional managing director moving the group's regional management away from London. In an interview with BT yesterday, Mr Bax said that as regional managing director, he would still321 words
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100 1993-11-04 14 SINGAPORE The Life Insurance Association of Singapore yesterday launched the three-month nomination period for the fourth annual LIA awards for volunteer service to the community. Speaking during the launch at the Executive's Club in OCBC Centre, LIA president Andrew Tan appealed to community100 words
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424 1993-11-04 14 NYT NEW YORK Deloitte Touche, the big accounting firm, has been found grossly negligent in a tax case involving a limited partnership that could cost the firm more than USS 100 million (SSISB million). Lee Godfrey, a lawyer for about 10,000 investorsNYT - 424 words
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205 1993-11-04 14 Reuter LONDON A new investigative unit of the Bank of England is looking into 130 cases of possible criminality in the banking system. Brian Quinn. a BOE executive director, told the parliamentary Treasury select committee yesterday that the central bank was workingReuter - 205 words
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Article, Illustration146 1993-11-04 14 THE USS/DM traded higher as rumours of Bundesbank intervention to sell USS were denied. Good housing data out of the US also gave the US$ a boost. The regional currencies traded within narrow ranges yesterday. Over in the USS/SS market, good two-way business was seen146 words
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Article204 1993-11-04 14 Reuter LONDON The dollar was looking tired beneath the 1.70 mark level at the European midsession yesterday with operators on the one hand still mildly bullish but on the other looking to take profits. It was well supported at the 1.6970-80 mark level, dealers said. "There are a lotReuter - 204 words
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192 1993-11-04 14 Reuter LONDON Bank of England deputy governor Rupert Pen-nant-Rea said he believed independence for the central bank would improve Britain's record on inflation. "I have no doubt at all that making the Bank of England independent would, over time, improve theReuter - 192 words
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Article87 1993-11-04 14 NEW YORK The dollar fell against the major currencies yesterday in quiet opening trading under pressure from profit-taking in the absence of US economic statistics. Around 9:15 am. the dollar traded at 1.6950 German marks against 1.7037 on Tuesday and at 107.25 yen against 107.74. In London, the87 words
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Article, Illustration1652 1993-11-04 14 lrade-»etxhled index cakiilaied againa Spore's top 14 trading partners Base year l9Sf USS/SS forward rates Noon Nov 3 S$ Bid Oder 1-month ***** ***** 2-month I 5869 ***** J-month 1 5859 1.5874 6-month 1.5847 1.5867 Source: OCBC FOREIGN CURRENCY NOTE RATES At at 10am M Mot 3: Singapore dollars to1,652 words
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COMMODITIES
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617 1993-11-04 15 Reuter BANGKOK South-east Asian oil demand will continue to surge the rest of this decade, forcing countries to increase imports or invest heavily in other energy sources to sustain their economic boom. State oil company heads told a regional conference yesterdayReuter - 617 words
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381 1993-11-04 15 Reuter SINGAPORE The newly set up Singapore trading arm of state China National Offshore Oil Corp (CNOOC) will be responsible for the Chinese consortium's share of crude imports and product exports from the China-Shell joint ventureReuter - 381 words
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281 1993-11-04 15 Reuter LONDON Precious metals should not fall too much further after being pushed down by Xerox Corp's weekend announcement that it had developed a silver-free photographic film, analysts and dealers said. "There should be no wholesale collapse. I see plenty of support forReuter - 281 words
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272 1993-11-04 15 Reuter ABIDJAN A chocolatc war loomed yesterday with cocoa producers training their guns on a European Community plan to allow more non-cocoa fat in the confectionary. Leading delegates at a meeting of the Cocoa Producers' Alliance (CPA) estimated the plan couldReuter - 272 words
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COMMODITIES & FUTURES
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1312 1993-11-04 16 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures recovered from their earlier weakness yesterday, helped by price consolidation and shortcovering. But market undertones remained bearish following strong US economic data overnight and anticipation of rises in US nonfarm payroll figures tomorrow. "After consecutive declines,Reuter - 1,312 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article111 1993-11-04 16 BANGKOK High-quality Thai export rice prices continued to rise this week on talk that Japan is likely to import 110.000 tonnes of top grade 100-per cent B rice for December loading. Traders said the 100 per cent B offered price rose to between US$29O and111 words
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71 1993-11-04 16 NEW YORK Fire destroyed about 2,000 bags of non-exchange coffee on Tuesday at a New Orleans warehouse licensed by the Coffee. Sugar and Cocoa Exchange. Exchange lots stored in another section of the Dupuy Storage and Forwarding Corp's warehouse No 21 were not affected.71 words
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Article110 1993-11-04 16 MELBOURNE London Metal Exchange chief executive David King said yesterday the LME board acted appropriately when it decided to intervene in trading of its flagship copper contract to limit prices. "The fundamental view of the exchange is that it should not intervene in the market."110 words
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Article58 1993-11-04 16 SYDNEY Australia's second largest cotton processing and marketing company said yesterday it expected shipments this year to be slightly down on 1992-93. due partly to US subsidies. Queensland Cotton Holdings Ltd forecasts shipments for the 12 months ending February 1994 to be about 277,800 bales, down58 words
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Article599 1993-11-04 16 COMMODITY REPORTS Tin TIN closed unchanged at MS 12.20 a kg for the second consecutive day after a brief trading session on lack of keen participation yesterday. Both buyers and sellers decided to close deals at the opening level, they said, adding that the steadiness599 words
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Article1699 1993-11-04 16 Rubber HAS Commodity Exchange (futures closing as at lpm) RSS 1 Contract (S ccnts/kg) ("lose Volume Open Month High Low Sell (tonnes) Interest Dec <>3 130 00 130 00 129.75 1.450 2.200 Jan 94 0.00 0.00 130.75 250 4.725 Feb 000 000 131.75 0 5.125 Mar 132.75 132.501,699 words
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REGIONAL STOCK MARKETS
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Article1170 1993-11-04 17 -16.9 THE Australian stock market suffered its second consecutive fall in the absence of foreign buyers yesterday. The All Ordinaries Index was down around 25 points at one stage but recovered slightly to end 16.9 points lower at 2,108.4. Brokers said the strong offshore buying responsible for the market's1,170 words
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Article611 1993-11-04 17 +95.17 Philippine stocks surged more than 95 points to a record high, spurred by hectic buying and strong foreign interest atter a two-dav holiday. "It's been another extraordinary day, explosive." said Louie Bate of Baring Securities. "The trading is almost insatiable. Everybody wants a bit of the action." Philippine611 words
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Article433 1993-11-04 17 -2.55 Rampant profit-taking and heavy institutional selling eclipsed an early 15-point advance, sending the stock market down to close lower for the sec- ond straight session, brokers said. "Investors continued to be very selective," a Lucky Securities broker said. The composite stock index shed 2.55 points to 756.87. A433 words
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Article255 1993-11-04 17 -6.27 Shares broke a seven-day rally with a small decline triggered by concerns about Saturday's national election and a drop in the Australian market, brokers said. The Top-40 capital stock index closed down 6.27 points to 2.196.82. Brewer Lion Nation lost 3 cents to NZ53.34, despite reporting a255 words
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Article550 1993-11-04 17 +55.49 Stocks closed sharply higher in heavy trade amid bullish sentiment caused by hopes the central bank may decide to ease credit further at its board meeting today, brokers said. The index ended 55.49 points up at 4,283.34, off an earlier high of 4,298.99. It was the highest close550 words
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Article74 1993-11-04 17 18.73 Stock prices rose further in after hours kerb deals on buying by speculators but brokers said there was no clear trend. During the official trading session, speculators wanting to buy found an excuse in reports that a Moslem shrine under siege in Kashmir had been cleared of militants.74 words
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WORLD STOCK MARKETS
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Article787 1993-11-04 17 Britannia Funds Sterling Cash Bid Offer Mim Cap Deposit 31 6400 38 6500 Mim Jersev Gill 0 1893 OIW Mim Max Income ****** *10(00 LSI Cask Income Plus Fund *****0 *****0 PS Reserve Fund 5 2200 5 2 300 Sterling Equity Euro Performance 0 4592 0 4938 Far East Fund787 words
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Article632 1993-11-04 17 -1.8 STOCKS ended lower yesterday amid signs the UK's food retailing sector is in the initial stage of a price war. The market's "weakness is a so-called price war in food retailing." said Viv Johnson, head of UK equities trading at Robert Fleming Securities Ltd. Sainsbury pic said yesterday632 words
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Article109 1993-11-04 17 1.45 French shares finished a fraction higher with no clear direction. Foreign investors are hesitant becausc of worries about the impact of recent industrial action on the economy, dealers said. The CAC-40 index was up 1.45 at 2,171.16. Paris Nov 2 \ir-l iquide Fr HO 00 -J00 Xkatcl Anslhom109 words
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Article165 1993-11-04 17 -11.22 German share prices closed floor trading with a loss on the day, falling from early highs as investor orders failed to emerge after initial trader enthusiasm. The 30share DAX index ended down 11.22 points at 2,084.36. Frankfurt No* 2 DM Acf 174 50 7 JO BASF 280 50165 words
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Article159 1993-11-04 17 +3.17 Belgian stocks broke another record as the market raced to catch up with the rest of Europe's stock markets. That's despite the current uncertainty over the government's planned economic package, analysts said. "The market looked a bit soggy in the morning, but there was a broad ripple later159 words
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Article141 1993-11-04 17 -88 Italian stocks slumped amid concerns about the government's ability to push the 1994 budget through parliament, traders said. Prices had openedstrongcr, helped by financier Carlo De Benedetti's release from jail on Tuesday night. The Mibtel index, which just tracks blue chips traded on the screen, fell 88 points141 words
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Article258 1993-11-04 17 +4.71 Dutch stocks surged to re-cord-highs as mostly US investors sought Akzo NV shares after the chemical company reported better-than-expected results, traders said. in addition. KLM was rated "outperform" in new coverage at Lehman Brothers, traders said. The EOE index of 24 leading Dutch stocks rallied 4.71 points to258 words
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Article279 1993-11-04 17 +8.75 Swiss shares ended at another record close, although the market was off the day's highs after profit-taking in some blue chips in the afternoon. Dealers said the strong dollar, continuing optimism that interest rates would case further and high bond prices had led the market higher in high279 words
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Article347 1993-11-04 17 +4 South African shares found support from a variety of sources yesterday, with strong interest in selected stocks boosting overall turnover. Dealers said the weaker financial rand, a continued thin supply of scrip and mild gold price gains had all contributed to steady gains. Industrial shares were hampered by347 words
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Article278 1993-11-04 17 +2.29 A late rebound in New York gold futures on Tuesday spurred stocks to a slightly stronger close. A sell-ofT in US bonds on unexpectedly strong housing starts sparked early softness on Wall Street and Toronto. "Basically it ended up with bonds on their rear end and stocks in278 words
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Article856 1993-11-04 17 -11.46 The stock market headed lower on profit-taking in the early going yesterday. After one hour of trading. the Dow Jones Industrial Average was off 11.46 points to 3.686.18 at 10.30 am EST. Volume on the floor of the New York Stock Exchange came to a heavy 40.80856 words
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Article, Illustration2779 1993-11-04 18 Reuter HONGKONG Stocks ended sharply lower yesterday following waves of late selling, brokers said. The blue chip Hang Seng Index slumped 290.80 points, or 3.02 per cent, to close the day at 9,352.11. It was down 79 points at midsession. "There was quite a number of sell orders fromReuter; Source: Bridge Info - 2,779 words
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Article, Illustration453 1993-11-04 18 THE SHANGHAI B market showed an impressive performance yesterday. Most of the counters closed higher on active turnover. Jinjiang Tower was the only loser closing 0.4 per cent lower. The CLSA Shanghai B Index surged 17.31 points to close at 829.50. The Shenzhen B market also performed well with453 words
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Article, Illustration1842 1993-11-04 18 Reuter BANGKOK Stocks plunged in the afternoon to end just above 1,300 in spectacularly active rollercoaster trade over a 100-point range yesterday, brokers said. The SET index closed down 54.36 points, or 4 per cent, to 1.303.39. after moving as high as 1.403.10 in the morning. Turnover left allReuter; Source: Bridge Info - 1,842 words
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Article, Illustration1073 1993-11-04 18 Reuter JAKARTA Share prices closed higher in active late trading yesterday, with Barito Pacific Timber gaining 500 rupiah to close at 12,475. The ofTicial index rose 10.24 points to close at 484.25. "Foreign investors were very aggressive in selective stocks, especially Barito Pacific Timber and Dharmala Intiland." one brokerReuter; Source: Bridge Info - 1,073 words
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Article, Illustration2806 1993-11-04 19 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Lien Hoc J7.479.000 Lien Hoc ISK97 21 .*14.000 kamunting 50c 21.507.000 Idris H\J 50c 20.318 000 innovest Bhd 15 284.000 Mclroplcx 50c 11.777.000 FACB 50c 11.346.000 Asia Pac Ld 50c 11.371.000 MBf Hldgs 50c 10.565 000 Faber Group 9.764.000Source: Bridge Info - 2,806 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5912 1993-11-04 19 Bernama KUALA LUMPUR Share prices here closed broadly higher yesterday on unabated support from the outset of trading although light profit-taking was seen in late afternoon. Dealers said market players sought bargains for speculative stocks and selected second liners. Selected blue chips continued toBernama; Source: Bridge Info - 5,912 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration8484 1993-11-04 20 R Sivanithy - By R Sivanithy SINGAPORE There was a clear dichotomy in trading yesterday, with careful buying of both local and Malaysian blue chips by institutional funds, while most of the retail activity was concentrated in Malaysian speculativcs. Interest in local blue chips led toSource: Bridge Info - 8,484 words
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Article, Illustration76 1993-11-04 20 Paul Leo - hot stock Paul Leo MBf CAPITAL'S failure to maintain its 12-cent gain to end at the low of yesterday's trading at $1.50 is a signal that there is still some selling pressure. The pressure will continue as indicated by the RSI, which is falling despite rising prices. ReliefSOURCE: BRIDGE INFO - 76 words
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Page 11 Advertisements
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Advertisement114 1993-11-04 11 EdhorimL.Risky Business, Pg 26 1993 First mobile combining cellular phone and fax with pen-based computing: the AT&T EO 440 Personal Communicator. 1993 First T)\C&SSO color images yr t 1 11 -1 E noil over ordinary phone lines: AT&T Picasso StillImage Phone. j|j§gH 1992 First PBX to use RISC technology: HIM114 words
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Page 12 Advertisements
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Advertisement337 1993-11-04 12 BUSINESS TIM E_S TOLL-FREE TEL. No. 1-800-741-1883 FAX:74M29fI IN THE MATTER THE COMPANIES ACT, CHAPTER 50 SMGA-SANKO GOSEI MOULDING PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 28 October 1993, the following resolutions were duly passed 1. SPECIAL RESOLUTION WINDING-UP337 words
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Advertisement152 1993-11-04 12 SIME SINGAPORE LIMITED (Incorporated in Singapore) LOST SHARE CERTIFICATES The undermentioned certificates have been reported lost, mislaid or destroyed Crtißcate No. In Hit 1M No Bt StWM *****7 Chuah Kok Seng 1 1.000 *****9 Goh Ee Stah 1 1,000 *****2 Tang Sau Har I*l.ooo Tang Swee Loot *****1 Fatimah Binte152 words
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Advertisement86 1993-11-04 12 THE BOROBUDUR INTER•CONTINENTAL JAKARTA i W- ifFor Only 5639, We-ll Turn Every BUSINESSMAN'S PRESSURE INTO PLEASURE. Daily flights to Jakarta and back by Singapore Airlines with one night stay at the 5-star Hotel Borobudur Inter Continental as well as complimentary breakfast, meal credit of US$lO, pressing of one suit or86 words
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Page 13 Advertisements
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Advertisement377 1993-11-04 13 HOW DO YOU PRINT WITH A NOTEBOOK COMPUTER? < r» Mm jdMsk JBhH y<a MM Bp 1 1 i f—J~—f J 1 m I Ujwlr 11 1 iSL^—__39 INTRODUCING THE WORLD'S FIRST NOTEBOOK PC WITH A BUILT-IN BUBBLE JET PRINTER. Canon presents the 8N22, the world's cards, to access data377 words
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Page 14 Advertisements
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Advertisement69 1993-11-04 14 Yoirvi Nsvm had rr so ooodi lv Sw Windsurfing, water-skiing, snorkelling, kayak, flf A" I~j pedalo, tennis, archery, glass bottomed boat I^l Ift ride, kids' mini club, shopping entertainment 'if every night. (Squash, golf A casino, if available at Specie/ Dtps 4/12, 11/12, 18/12, 22/12, 9/2, 12/2 A,R^""!. T,U N69 words
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Page 15 Advertisements
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Advertisement130 1993-11-04 15 One of The UK's Leading Hotel Agents will be visiting Singapore between 4th December and 9th December 1993 Chairman, David Rugg Deputy Chairman, Kevin Eakin London Hotels Director, Gerard Nolan will be available for confidential discussions about investment in the UK Hotel Market To arrange an appointment please contact Fiona130 words
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Page 16 Advertisements
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Advertisement212 1993-11-04 16 Energy and Resource Services (Pte) Ltd 3 Shenton way •11-08 Shenton House S'pore 0106 is looking to: SELL (on FOB Karachi or C&F Asian Ports basis) Raw cotton from Pakistan and Central Asia Sports goods Surgical instruments BUY (on FOB C&F Karachi basis) Communication and Security equipment, particularly simple handheld212 words
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Advertisement22 1993-11-04 16 EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY... To advertise your Appointments or Notices, cai toi fioo 1-600-741-1883 pThe Straits Times 122 words
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Advertisement33 1993-11-04 16 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead Makeriew business contacts through classification 203 in Tl>e Straits Times Classified. 717-H** s33 words
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Page 17 Advertisements
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Advertisement52 1993-11-04 17 Cfassic Masu r P ica s ,u Timc On display at the Museum of Modern Art (MOMA) in New York and the following selected stores and outlets... »02 22 23 Hilton International Tel 734 7445 #01 09 Mandarin Shoppjng Arcade Tel 737 9810 «02 11 Raffles Hotel Arcane Tel: 33752 words
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Page 18 Advertisements
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Advertisement28 1993-11-04 18 The Tokyo market was closed for a public holiday yesterday. HIGH STAKES Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday. Business Times28 words
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Page 19 Advertisements
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Advertisement14 1993-11-04 19 18K Steel yaP n yfcr R* no a»si *0 celtic The Cbrrftopljer Columbu*' Collection14 words
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Page 20 Advertisements
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Advertisement79 1993-11-04 20 SINGAPORE: THE HOUR CLASS Takashimaya Shopping Centre Tel: *****20/1 Lucky ll jUrj V* V Plaza Irl *****62 543 ScomTel *****27 7198 Centrepnint Id *****08 J73 jAV 603 Peninsula Plaza Tel *****09/*****63 Raffle* Tel: *****41/1169 Work I Trade Centre Tel: *****51/1007 Changi Airport Terminal I (West Wing) Tel *****60. Terminal 279 words
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SPORTS
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Article, Illustration352 1993-11-04 21 Putra Cup Golf HONGKONG Singapore blazed into the lead on the opening day of the 1993 Southeast Asian Men's amateur team championship for the Abdul Rahman Putra Cup here. Led by Mardan Mamat, the Singapore quartet recorded a tally of 209 in the352 words
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370 1993-11-04 21 AP CHICAGO For someone who is supposed to be running from the spotlight. Michael Jordan still casts a very long shadow. On Tuesday, the recently retired basketball supferstar turned up at his restaurant for a news conference promoting publication of the book, Rare Air: MichaelAP - 370 words
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Article, Illustration176 1993-11-04 21 AFP LIVERPOOL, England The All Blacks clinched a clean sweep of victories over the four English divisions here on Tuesday but the tourists courted controversy again after being warned for foul play. The New Zealand side scored four tries to nil in their 27-21 win, withAFP; Reuter - 176 words
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SIDE LINES
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Article116 1993-11-04 21 AFP SEWALL'S POINT, Florida An avid sports fan was shot twice by his frustrated wife when he tried to watch one TV football game too many, police said. Marlene Lenick, 60, told her husband as he turned on the Sunday night game that sheAFP - 116 words
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110 1993-11-04 21 AFP SOTOGRANDE, Spain Spaniard Seve Ballesteros dropped out of this week's £750,000 (551.76 million) Volvo Masters golf tournament on Tuesday because of back trouble, marking a painful end to a miserable year. By pulling out, Ballesteros ended a 17-year streak in which he wonAFP - 110 words
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Article92 1993-11-04 21 AFP PARIS World No 2 Jim Courier's hopes of recapturing the No 1 crown from fellow-American Pete Sampras before the end of the season nosedived here on Tuesday when he crashed out of the US$2.l5 million (553.38 million) Paris Tennis Open. Courier was soundly beaten 4-6, 3-6AFP - 92 words
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Article94 1993-11-04 21 Reuter NEW YORK Jack McDowell, who helped lead the Chicago White Sox to their first division title since 1983, was named the winner of the American League Cy Young Award on Tuesday. McDowell, who went 22-10 with a 3.37 earned run average, was an easyReuter - 94 words
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84 1993-11-04 21 Reuter HAVANA Cuba signed an agreement with Vietnam on Tuesday for sporting cooperation next year, including sending of a sports medicine specialist and trainers to the South-east Asian nation. The Cuban news agency Prensa Latina said the sports doctor would advise Vietnam on settingReuter - 84 words
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Article67 1993-11-04 21 AFP NEW YORK The Toronto Blue Jays won their second straight World Series title this year, and for the second year in a row boast the highest-paid team in major league baseball. Toronto became the first major league club whose payroll broke US$5O million (5578.5AFP - 67 words
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SPORT SHORTS
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Article, Illustration152 1993-11-04 21 AFP SHARJAH, UAE Prolific opener Saeed Anwar hit a third successive one-day century here on Tuesday to carry World Cup winners Pakistan into the Champions Trophy final. The 25-year-old left-hander cracked a brilliant 111 off 104 balls as injury-plagued Pakistan overtook Sri Lanka's score of 270 for six withAFP - 152 words
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Article, Illustration61 1993-11-04 21 AFP LONDON Latest world ranking released Monday: I Nick Faldo (Eng) 20.97 pts 2 Greg Norman (Aust) 18.71 3 Bernhard Langer (Ger) 17.47 4 Nick Price (Zim) 15.16 5 Paul Azinger (US) 14.87 6 Fred Couples (US) 14.18 7 Ian Woosnam (Wales) 12.18 8 Tom Kite (US) 10.15 9AFP - 61 words
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Article, Illustration31 1993-11-04 21 Reuter NEW YORK NHL Tuesday: Detroit 6 Boston I; Philadelphia 4 Florida 3; Vancouver 2 NY Islanders 1; Quebec 8 Tampa Bay 2; San Jose 3 Pittsburgh 3 (OT).Reuter - 31 words
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Article, Illustration189 1993-11-04 21 AFP AFP Reuter TOULON, France A David Campese blunder here on Tuesday ruined the Wallabies' hopes of a badly-needed morale boost as they crashed to their second French tour defeat in a row. Winger Campese. caught on his own line midway through the second half, missed with a clearanceAFP; Reuter - 189 words
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Article, Illustration93 1993-11-04 21 AP KUALA LUMPUR Defending champion China. Malaysia. North Korea and South Korea came out in Group A in the draw on Tuesday for the 9th Asian Women's Championship. Group B for the Dec 3-12 tournament comprises the last tournament's runner-up. Japan, along with the Philippines. Hongkong and Taiwan. ChinaAP - 93 words
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Article, Illustration289 1993-11-04 21 AFP Reuter AFP PARIS Paris Open Ist rd l uesday: David Wheaton (US) b Ivan Lend! (US) 6-3 7-5. Mark Woodforde (Aust) b Byron Black (Zim) 7-6 (7/2) 6-2; Guillaume Raoux (Fra) b Lionel Roux (Fra) 6-2 6-0: Arnaud Boctsch (Fra) b Javier Sanchez (Spn) 6-4 6-0: Jarcd PalmerAFP; Reuter - 289 words
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Page 21 Advertisements
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Advertisement97 1993-11-04 21 I I*™ M Cut a 9 here K I Now in 32 ag Name: I A STP Distributors Pt« Ltd I f |c/o TEMASEK OIVISION (BEN) I TRADE-IN OFFER CALL |ioiUppsr Cross Stre* Address: ,nnl/t 1,1 w *04-04 People s Park Centre I Trade in your old major |&ngapor#oios I97 words
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Advertisement62 1993-11-04 21 goes on a househunt How much are private properties going for? Should you buy now, or later? House Hunt gives you the actual transacted prices of all private property sold in Singapore each month. From that, you'll have a clear view of the market. And a clear lead. "V Y62 words
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Page 22 Advertisements
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Advertisement1016 1993-11-04 22 Noll king BeatSA Buds BfcWfl WHERE TO WINE, DINE AND ENTERTAIN txty W <^ 'j^\- > «L °)7lßrxTi6bßnEUUs The "Quest*' *ar is alhro cad well wfch full of Soul Rock V Roll. VERNON CORNELIUS PLUS performs at CONNECTIONS from 9pm to 2am nightly (except Sundays). The Richmond Connection DJs also1,016 words
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Advertisement379 1993-11-04 22 1 Q&uraundu Every month. Top nary adventure presents u y* yoji with the richest V\ spread of French fare. -\\M an extravagant affair which does justice to the t fftmpfn bounty of Burgundy. for please call 7 346 i r♦* J PARAMOUNT presents authentic prepared by 2 Masterchefs for the379 words
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LIFESTYLE
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Article, Illustration577 1993-11-04 23 Mike Feinsilber - Bartletfs Familiar Quotations has omitted conservative gems, some critic say. Mike Feinsilber reports Mike Feinsilber AP RONALD Reagan was "the Great Communicator", even his enemies concede, but the former president managed to get into Bartlett's Familiar Quotations with only three quotes, and a conservative editor smells a rat.AP - 577 words
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Article347 1993-11-04 23 CHATTERBOX Reuter UPI AP AP THE worst of California's new wildfires, which started on Tuesday, hit the star colony of Malibu, where multi-million-dollar mansions were levelled. An evacuation was ordered for the city's famed Malibu Colony, home to many celebrities. Actor Charles Branson fought to save his houseReuter; UPI; AP - 347 words
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Page 23 Advertisements
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Advertisement174 1993-11-04 23 JL O&u/nmr otlace Enjoy the delicate temptation of the finest Cantonese dian xin for lunch, freshly prepared by our team of Hong Kong chefs. And what better place than the Summer Palace to eat to your heart's content. Complimentary valet parking available. the Olgmt Singapore A Four Seasons Recent Hotel174 words
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Advertisement30 1993-11-04 23 I F RAT INI Opening Hours Lunch 12 noon 2.30 pm Dinner: 6pm -12 midnight (Close on Sunday) 51 Nell Road #01-22 Singapore 0208 Tel: 323 2088 Fax: 323 033430 words
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Page 23 Miscellaneous
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Miscellaneous1233 1993-11-04 23 TV RADIO The Fabulous Baker Boys, 10.30pm, SBC 5 K A pair of mildly contentious piano-playing brothers (played brothers Jeff and Beau a er (Michelle Pficffer) to her presence pushes age-old regrets to the The Prize, Bpm, SBC 12 hjW With rising power na- *^pk growth was X "^L. the1,233 words
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INNOVATION & TECHNOLOGY
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IN TAKES
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Article62 1993-11-04 24 Reuter SYDNEY Australian scientists said yesterday they had accidentally discovered a new material which absorbs heavy metals and could solve the problem of toxic metal pollution in water. Researchers at the University of Queensland and the Australian National University said in a statement the low-cost material,Reuter - 62 words
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Article104 1993-11-04 24 UPI LOS ANGELES Initial studies show a new technique may slow or stop the spread of kidney cancer a lethal, incurable disorder. UCLA doctors reported in the November issue of the Journal of Urology they removed tumour-infested kidneys from 10 patients, who had been treatedUPI - 104 words
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Article61 1993-11-04 24 Reuter CHICAGO A new, easier, cheaper and more accurate method of testing men for chlamydia, one of the most common sexually transmitted diseases, is available and ought to be administered routinely, researchers said Tuesday. A combination of urine-based tests from US$l99 (SS3I6) to US$434 was moreReuter - 61 words
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Article, Illustration337 1993-11-04 24 Claire Leow - Claire Leow finds a green route to the data highway Claire Leow FAXING has never been easier nor greener. No paper, no queuing and no jam (at least for the sender). And volumes of facsimiles can be executed in a jiffy. Diskfax, a337 words
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Article, Illustration898 1993-11-04 24 Mary Beth Regan - Mary Beth Regan reports on the comeback of renewable energy in the US Mary Beth Regan IN the late *****, alternative energy was nearly as popular in California as alternative lifestyles. Fertilised by state and federal tax incentives, windmills sprouted cast of San898 words
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Page 24 Advertisements
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Advertisement150 1993-11-04 24 OUR RACE BEGAN IN 1949. The national airline of Indonesia that spread its wings and soon became the largest airline in South East Asia. But still we race. Billions invested in new planes. Millions invested in maintenance facilities. A new GfIRDDH language laboratory where flight IniiiEsii crew earn to k150 words
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THE LAW PAGE
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Article, Illustration1638 1993-11-04 25 Selva Kumar - The fine print in application forms accompanying some insurance companies" advertisements for medical plans raises several questions. Selva Kumar delves into them Selva Kumar Selva Kumar is a freelance writer on legal matters. AS I turned the pages of a special supplement on rising medical1,638 words
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Page 25 Advertisements
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Advertisement363 1993-11-04 25 NOTICE IS HEREBY GIVEN thai, I, Um Lip Chia Peter Lim of Blk 244 Hougang St 22 #11-119 Singapore 1953, have applied for a Wholesale Beer Shop Licence in respect of premises at M/S Lee Kim Tuan Frozen Food at 488 Changi Road Singapore 1441, and that this application will363 words
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Advertisement733 1993-11-04 25 BUSINESS TIMES TOLL—FREE TEL. No. 1-3QO-7AI -IBQ3 FA X :741-1298 IN THE MATTER OF CHOON HIN CONTRACTOR PTE LTD. (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act (Chapter 50) that a Final General Meeting of the members of the733 words
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Advertisement116 1993-11-04 25 MTP HOUNNGS UMTEO (Incorporated in Sffigapore) LOST SHARE CERTIFICATE Certificate no *****8 covering 500 shares in the name of Tan Juay Tong have bean reported lost, destroyed or mislaid NOTICE IS HEREBY GIVEN that new certificate will be issued and the above original certificate w* be deemed duly cancelled and116 words
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Advertisement639 1993-11-04 25 4» I THE NEW PAPER FAST ADS LUNCH GUIDE Make Lunch Guide Your Lunch Date! The most delicious ideas are served in Lunch Guide, every Monday. IN THE MATTF.It OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTE* OF TAN A SENA INSURANCE BROKERS PTE LTD (Incorporated to Ike639 words
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Article508 1993-11-04 26 EDITORIAL THE critics were confounded and Singapore Telecom vindicated. The doubts about whether the timing, the price and size of the mega-flotation of Singapore Telecom would reflect demand from the street vanished last week when the initial public ofler of 1.1 billion shares was subscribed by 4.1 times.508 words
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WHAT THE OTHERS SAY
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Article301 1993-11-04 26 IN SPITE OF its note of justified optimism, the Budget that Malaysia's Finance Minister Anwar Ibrahim presented last week may have helped to draw attention to a challenge that looms on the horizon of many developing countries. For, though East Asia is the fastest growing region301 words
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Article189 1993-11-04 26 WITH A TOTAL area size of 16,926 sq km and a population of about six million people, Haiti is a relatively small island. But that little island has now grabbed the world's attention with its power struggle and its defiance of the world body. The crisis began189 words
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Article182 1993-11-04 26 JAPANESE PRIME MINISTER Morihiro Hosokawa announced recently while reviewing his "self-defence" forces that Japan should rethink its basic defence strategy based on the changing circumstances of the post-Cold War global arrangement. He also hinted that Japan may voluntarily cut down its military facilities. Reports said that Mr182 words
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Article206 1993-11-04 26 DIPLOMATS AT THE United Nations seemed to have left their logic at home during an important discussion about the worldwide drugs problem last week. Speaker after speaker at the two-day debate 90 men and women, including many ministers reported progress against drugs and narcotics in their206 words
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Article126 1993-11-04 26 NEGOTIATIONS OVER Bosnia are fumbling towards a forced outcome the weaker side is being knocked over the head with the butt of a gun. They are counterfeit because they are being conducted under a sham ceasefire, with Sarajevo encircled by an artillery live wire, and with126 words
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Article, Illustration1084 1993-11-04 26 William Clark Jr - Amid fears that North Korea could become an unstable and nasty nuclear power, William Clark Jr suggests using the trade weapon to force it to give up its nuclear programme William Clark Jr The writer, a former US assistant secretary of state for East Asian andIHT - 1,084 words
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Page 26 Advertisements
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Advertisement707 1993-11-04 26 Office Space Office Space Office Space Office Space Office Space Office Space For Rent For Rent For Rent For Rent For Rent For Rent U* frww location IVOOC h A I Ikm*i Cj* At aoa* I—*—| S*n|ipor«i beti oflte p. T.« lorakir «< o«Jiar4 Of «tan fnrKttu Amp* AAI A707 words
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Page 26 Miscellaneous
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Miscellaneous63 1993-11-04 26 Gvw "Twe i see ft Pecc OF Pp*tx f*£ GCST To FULL 106€WeJ?.... UiTU uniting ON IT Pt\NC ->oB vs GeTT»4G TO It j -cJJa. »MwoM»wwwwu».«mwi»^. POOWESBURY GARRY TRUDEAU Htr.dS&L &66ER! HOUiARP S7ERN? YOU UP SIP FIND NO KIPPING* MAJOR. MEAN THE 6UY WHO EXCfJJfur MELL&P XV? iUP! TV MOVIE63 words
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ANALYSIS
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Article, Illustration1270 1993-11-04 27 Anthony Rowley - Tokyo Correspondent Anthony Rowley looks at how foreign firms can benefit from Japan's reformed public construction market Anthony Rowley JAPAN'S huge public construction market appears finally to have been prised open to foreign contractors, who must now be looking forward to rich pickings in a market1,270 words
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Article, Illustration1355 1993-11-04 27 William Lewis - William Lewis examines labour productivity in nine representative manufacturing industries in Germany, Japan and the US William Lewis THERE are many reasons offered why industries in one country become internationally competitive. Yet debaters of all stripes seem to agree on one fact: The US1,355 words
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Page 27 Advertisements
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Advertisement128 1993-11-04 27 A 6-Course Meal At A Price Guaranteed To Whet Your Appetite. ,71#* v ($28.00 per person) Jfflr- -'JSSI If you think a Shanghainese gourmet meal should cost a lot, a visit to Chang Jiang may prove to be a very pleasant surprise indeed. For a mere $28.00 per person (min.128 words
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Article, Illustration455 1993-11-04 28 Reuter, AFP BRUSSELS A senior US official has said there is no scope for reinterpreting a farm trade accord with the European Community and stressed that a Dec 15 deadline for a linked Gatt world trade deal is final. JoanReuter,; AFP - 455 words
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536 1993-11-04 28 Leslie Lopez - From Leslie Lopez in KUALA LUMPUR A CANDIDATE backed by Malaysian Finance Minister Anwar Ibrahim won the leadership of the Youth Wing of Umno (United Malays National Organisation) at the party's congress yesterday. But analysts say Malacca chief536 words
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348 1993-11-04 28 AFP, Reuter BRUSSELS The European Commission is imposing duties of up to nearly 100 per cent on Japanese television cameras and equipment imported into the European Community. The ECs executive European Commission said yesterday the Japanese manufacturers had been exporting their camerasAFP,; Reuter - 348 words
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311 1993-11-04 28 Reuter, AFP, UPI WASHINGTON Republicans have swept the top prizes in Tuesday's elections, winning governors' races in New Jersey and Virginia and the New York City mayoral race, dealing a major blow to President Bill Clinton and his Democratic Party. The defeatReuter,; AFP,; UPI - 311 words
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Article, Illustration722 1993-11-04 28 HARISH MEHTA; HARISH MEHTA - The Bottom Line HARISH MEHTA HARISH MEHTA The writer is a BT correspondent specialising in Indochinese affairs OIL executives of BHP Petroleum, a subsidiary of Australian resources firm The Broken Hill Proprietary Co Ltd, had a terrific Halloween last week in Vietnam. An722 words
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330 1993-11-04 28 Reuter LONDON Up to 250,000 jobs could be lost in European banking over the next five to seven years, according to a survey of the industry by the Andersen Worldwide Organisation, accountants and management consultants. This would be aboutReuter - 330 words
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126 1993-11-04 28 Reuter TAIPEI The Taipei city government is suing French engineering group Matra for US$69 million (SSIO9 million) because of delays in building a mass transit rail system. "We are suing Matra of France for violating our contract and are asking for a total ofReuter - 126 words
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Page 28 Advertisements
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Advertisement121 1993-11-04 28 Nikkei Fax Get Japan s news before the Japanese Tel: IP 4!J J ip 40 i p k ■^^SKM r W ?^li^£2?BTralH^fc3B y U*a UNCAfOU mi HtX,KJA«> !.>■>-■« T«4 TVMJO I'l.il.nui IH milW >«•>,<• IH IV+f> T~ 7 |<M I |rt 7*l *W AM PW< MSnmtK<n«Mnf«lMM I !W» r-jrtr <121 words
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Advertisement31 1993-11-04 28 FINANCIAL NEWS A quick look at the markets Call 24 hours a day for mid-day reports of SES KLSE and closing reports of the world markets. Cost: 30 cents per minute31 words
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Advertisement43 1993-11-04 28 THENKKHWEEKIY Japan's leading English business newspaper Tel: 336-4122 Fax:336-4016 Most businessmen wi*./™ have discovered comprehensive flight schedules a new way to fly. uua Pocket Flight Guide For a free copy, call Official AirW Guides Singapore Tal: (65) 737 8533 Fax: (65) 737 559343 words
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Shipping Times
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Article, Illustration393 1993-11-04 29 Juliette Walker - By Juliette Walker SINGAPORE Yangming Marine Transport will restructure its independent Far East/Europe service to cut the transit time of its fixed-day, weekly express service to Northern Europe from January. The restructuring would also remove the overlap with a new Mediterranean393 words
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220 1993-11-04 29 AFP SEOUL Thanks to the strong Japanese yen. South Korea received a record amount of overseas shipbuilding orders this year, doubling the volume garnered by the world's traditional largest shipbuilder, Japan. The Korea Shipbuilding Association (KSA) yesterday said South Korea's nine shipyards receivedAFP - 220 words
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349 1993-11-04 29 Reuter SEOUL Salvage teams retrieved the last victim from a ferry which sank off South Korea's west coast last month, bringing the final death toll to 292 and confirming original reports of overloading, police said yesterday. "We recovered the last body late on Tuesday, aboutReuter - 349 words
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857 1993-11-04 29 Page Col ABC Containcrlinc 12 1 Accord Group 8 1-3 Ahrcnkiel Liner 4 1/2 •APL 5 3-5 Appcnship 18 1/2 Alpha Feeders 18 1/2 •ANL 3 1/2 •ASCL 5 5 Avant Shpg 6 4/5 Bait Orient Line 7 4/5 Bank Line, The 9857 words
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463 1993-11-04 29 SYDNEY International transport group TNT Ltd will float two Australia-based subsidiaries to make up a large part of its planned AS2OO million (SS2I4 million) asset sale in 1993/94. TNT managing director David Mortimer told reporters after the company's annual meeting that he463 words
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380 1993-11-04 29 Dexter Lee - By Dexter Lee SINGAPORE Sembawang Shipyard has clinched its biggest conversion contract so far a S2OO-million deal to convert bulk carrier Solitaire into the world's largest pipelaying vessel. The massive job will keep the shipyard busy over the next two years, said Sembawang380 words
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SHIPS IN PORT
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Article598 1993-11-04 30 Vessel Voi No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Btang laya 21A/93 P03 0411 1500 0*11/2300 Manyas 118 alongside 04.11/1500 DM 1054 09 P03 0311/1400 0411/0200 Niaga 42 SJ13/93 12/3 alongside 0411 0930 DM 2100 09 P03 04 11/0300 04 11/1500 Paciio598 words
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Article1609 1993-11-04 30 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookin(/Baiance Rslts Ship Voy No Etb/Btr Period From To From Au Daisy 0458 05/1800 1 03/1500 03/1659 03/1900 3 04/0700 04/1159 04/1400 4 04/1200 04/1459 04/1700 Ac. lade 161B 05/1100 21,609 words
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Article10214 1993-11-04 38 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 after10,214 words
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Article3335 1993-11-04 43 Contaiaerllae NV: Bclsin Shpg Agencies Ptc Ltd (SyMarinc Handling Sdn Bhd (PK/PN) Accord Group: Accord Shpg Ptc Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine Calsource Shpg Trdg Ptc Ltd (S) Ahrenkiel Liner Service Kim Shpg Trdg(S). Albatros Sea-Air Senice: Frata Shpg Ptc Ltd (S). Alfred C3,335 words
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Article280 1993-11-04 43 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air txpms Ira»el Tel: 533-5771. Fa*: 535-6144. Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716. *****80. Airewift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-link International Tel: 344-3377. Fax: 345-6450. Cluster I.ink Supplies A Services280 words
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Article1499 1993-11-04 43 A hex Express Freight Tel: 542-7171. Fax: *****84 Actinic Forwarder Tel: 225-1833 Fa*: *****42. Activair Singapore Td: 542-7821 Fax: *****20. Aeroiink Freight International Tel: 545-803TFax: *****05 Aerospeed Tel: 542-5911. Fax: *****18. Air C argo Novo Express Tel: 542-5454 Fax: *****06. Air Express International Td: 542-7666. Fax: *****74. *****50.1,499 words
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Article2729 1993-11-04 44 ALBANIA Duress: Seven vessels in port of which 4 discharging bagged flour. 2 bulk wheat, 1 loading ferro chrome, 2 vessels in roads awaiting berths of which 1 to discharge tubes, 1 bagged flour. ANGOLA Luanda: City and port normal. No reports of delays to any class of2,729 words
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Article670 1993-11-04 44 SHIP SALES TANKER RATES AFP A NUMBER of modem panamaxes were placed on the market for sale during the course of the week. Interest for such tonnage has been very firm over recent weeks and a number of inspections are said to be taking place. Very few trading deals haveAFP - 670 words
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Article559 1993-11-04 44 ARRIVALS DEPARTURES Of Might T>pe ETA T From Op Flight Type ETD T To TODAY TODAY KAL KE697 B747F 0150 I SEL KAL KE697 B747F 0440 1 BKK SI A SQ827 B747F 1730 2 CPH/DXB SI A SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I559 words
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Article633 1993-11-04 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETA ETD Ports of Calls Port Agent Telephone No NOVEMBER 05 05 Leisure World 1300 2015 Cruise to Nowhere Lauw Sons Travel 227-8284 05 05 Coral Pnnccss 1700 2015 Cruise to Nowhere Semjom Agencies 227-8284 07 07 Leisure World 1000633 words
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Article1163 1993-11-04 45 THE BALTIC Freight Index for spot dry cargo shipping rates rose to 1,317 on Tuesday from 1.316 on Nov I. In a see-saw day on the freight. Cargill, having pushed the rate for US Gulf to Japan up to U5523.00 with one combination port discharge, is now close1,163 words
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Article889 1993-11-04 45 THIS twicc 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 arc indicated. The Cockett Bunker Price Index change and889 words
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Article, Illustration878 1993-11-04 46 A long-time partner sizes up China's bulk shipping industry UA NY HICCUP in China is going to have the most negative effect on the bulk shipping market." says executive director of Hongkong's Jinhui Holdings. Thomas Ng. An obvious truth these days, maybe. But few are better qualified878 words
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AIR AND LAND TRANSPORT NEWS
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571 1993-11-04 48 Reuter DALLAS A United States proposal to create a liberal, more competitive world aviation policy came under harsh criticism by small, national carriers who contended that an "open skies" policy would put them out of business. Airlines attending a meeting of anReuter - 571 words
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222 1993-11-04 48 Reuter TOKYO The start-up of Honda Motor Co Ltd's first car plant in Guangzhou, China, has been delayed because local authorities are still awaiting approval from the central government, a company spokesman said. "It might still happen this year, in December." he saidReuter - 222 words
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169 1993-11-04 48 Reuter OTTAWA Tough local content provisions in the North American Free Trade Agreement (Nafta) may prompt automakers to set up new operations outside Canada so they can tap a larger market, a study by the C D Howe Institute said on Monday. "OtherReuter - 169 words
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470 1993-11-04 48 FT KRAKOW Fiat, the Italian carmaker, is to expand its operations in Poland, with the local assembly of its Uno small car set to start early next year. Initially Fiat will carry out the final assembly of the cars at its plant atFT - 470 words
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Article, Illustration323 1993-11-04 48 Reuter LOS ANGELES US airlines are fight last week's US District Court ruling that gave Los Angeles International Airport (LAX) officials the ability to ban air carriers that refuse to pay increased landing fees. The Air Transport Association, an industryReuter - 323 words
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238 1993-11-04 48 BernamaKyodo TOKYO The International Air Transport Association (lata) has dccidcd to reduce standard air fares for transPacific (lights by an average 20 per cent, the Japanese Transport Ministry said on Tuesday. lata, whose member airlines carry 98 per cent of all scheduledBernama- Kyodo - 238 words
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LOG BOOK
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80 1993-11-04 48 Bloomberg Business News HONGKONG Cheung Kong Holdings has agreed to enter into a USSIOO-million (SSIS7 million) joint venture with the Shantou. China, municipal government to build and operate a container terminal in Shantou. the pro-Beijing Ta Kung Pao newspaper said yesterday. The terminal isBloomberg Business News - 80 words
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Article, Illustration41 1993-11-04 48 Reuter KARACHI. Pakistan Fishing boats belonging to Pakistani fishermen group together on Monday in Karachi's fishing harbour to protest against fishing by foreign trawlers within Pakistani waters. The fishermen are demanding a ban on all foreign fishing vessels. ReuterReuter - 41 words
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99 1993-11-04 48 AP SEOUL North Korean delegates are to arrive in Seoul on Sunday for talks on jointly developing a major international port in an area that straddles North Korea, China and Russia. North and South Korea, China and Mongolia, together with the UNAP - 99 words
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Article72 1993-11-04 48 Reuter LONDON The Peninsular and Oriental Steam Navigation Company (P&O) on Tuesday said it received 92.6 per cent acceptance of its enhanced scrip dividend alternative. The election period closed on Oct 29. The company also said merchant bank Barclays de Zocte Wedd is invitingReuter - 72 words
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Article1799 1993-11-04 48 City Fhght ETA tTD Aba MmN GA985 1420 Adelaide QF8I 1930 Qf82 2050 SQ228 2035 SQ25 0635 Amsterdam GA975 1140 K1838 2320 KL837 1540 SQ323 1815 SQ26 2359 Auckland NZ21 1710 BAH 1455 SQ288 2030 SQ286 2035 SQ288 2045 B Sen Begawan BI421 1105 SQ182 09151,799 words
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Page 29 Advertisements
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Advertisement8 1993-11-04 29 Fa advertising enquiries, contact Shipping nrtes: Tel 740-2089/740-20908 words
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Advertisement51 1993-11-04 29 the FAMOUS 224 1833 For more information please refer to Pg. 13 China's bulk shipping industry, Page 18 State-owned airlines reject US push for open skies, Back Page HIGH STAKES Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday. SINGAPORE rn Business Times WE KNOW51 words
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Page 30 Advertisements
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Advertisement501 1993-11-04 30 TSKLINE AGENCIES (S) PTE. LTD. r I 1 V TmT*l Tel: 226-3363 HHHM JL •3«l\t LUMI j "7 Tlx: RS *****/TSKSIN. I TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I EXPORTS TO HOHGKOH6. MANILA. TAIWAN I JAPAN "TWICE WEEKLY" I [oersonHQ w m w itl i 1 mm m wg501 words
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Advertisement1756 1993-11-04 30 MMCT TO U«« Wt«T CO«tT t«C«-«X>M CAUFOOWU txrmu) TO t*«T MBHTMANMII IMICOHTA—» HWICB JSSU *0" store 11 QM ja_ g* B*U HB6!fl w HIOCO JSSI ww hwn Hung BtwwT ALEXMW r1 m LATIAMAI KWT lmasmi aw cowsiwa »ww CALIFORNIA PEGASUS 1/ I 1011 11 11 Nil 11? 212 30 111,756 words
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Page 31 Advertisements
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Advertisement2480 1993-11-04 31 ?E°L C SH PP,NG GENC ES *****42 DOCUMENTATION TEL *****55 (INWARD)/*****90 (OUTWARD) T pa* CFS TEL *****6 BOOKINGS TEL: *****80 *****81/ *****82 'POHTEL *****3/4 I FAX_*****6 (OpNS CFS (PSA F5) TEL: *****21/ *****79 no rauril TF n 7 Plf77 a FAX 07 *****9 CUSTOMER SVC TEL: *****92/*****91/*****93 JOHOR BAHRU TEL2,480 words
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Advertisement1972 1993-11-04 31 U. S. A. /CANADA NEXT AVAILABLE SAILINGS MAERSK JEDDAH V.9310 ETA SIN BTH NOVEMBER 1993 METTE MAERSK V.9310 ETA SIN 9TH NOVEMBER 1993 ANDERS MAERSK V.9318 ETA SIN 10TH NOVEMBER 1993 Voy ETA ETD Feeder by in DESTINATIONS Th» mette maersk S3io P kl.B«l 111 MfflTM 10 It 0600 MRS1,972 words
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Page 32 Advertisements
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Advertisement1614 1993-11-04 32 AQABA R DAM/ LI ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S TON H BURG A WERP HAVRE WEST MALAYSIA DRESDEN EXPRESS 13/343 6/11 15/11 21/11 24'" 27/11 29/11 Vl2 Port Kelang. Penang KAGA 32/144 10/11 27/11 30/11 28/11 Pasir Gudang LUOWIGSHAFEN EXPRESS 10/344 13/11 22/11 28/111,614 words
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Advertisement594 1993-11-04 32 FCL Breakbulk Service to: AFGHANISTAN M&M Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea Vietnam a Mongolia Hungary CSFR Poland ocT(S>Trans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA Feeder Vessel ETA SIN NED AFRICA V 2393594 words
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Advertisement1107 1993-11-04 32 I NORASIA NORASIA PEARL 9342 3 04/11 24/11 27/11 28/11 28/11 29/11 30/11 01/12 02/12 03/12 I ARABIAN SEA 343W 11/11 01/12 04/12 05/12 05/12 06/12 07/12 08/12 09/12 10/12 I CHINA SEA 344* 18/11 08/12 11/12 12/12 12/12 13/12 14/12 15/12 16/12 17/12 I NORASIA AL MUNTAZAH 9345-3 25/111,107 words
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Page 33 Advertisements
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Advertisement2084 1993-11-04 33 m STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 Keppel Towers 0208 Tel: *****88 Fax: *****17 NEW GUINEA PACIFIC UNE Omße (A SERVICE OF CHINA NAVIGATION CO) CARGO OUE SAKS RAJAH BROOKE V?7t Iftjjn. Lab 04 05 Mo* 06 Nov 07 No* Fcti LCL CONTAINER ANO MEAKBULK SERVICE TO2,084 words
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Advertisement2838 1993-11-04 33 IkLS SINGAPORE AGENT: IJXtV 1 I P&O Containers (Singapore Agencies) Pte Ltd A 9 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0206 Tel: 225 2233 Te,e RS 34 &6 4 PNOCSP Fax: 225 5327/222 7517 W r W V CR Number: **********0Z EXPORT IMPORT VESSEL VOV '"W *MtO SM2,838 words
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Advertisement552 1993-11-04 34 i§A EKA JAYA AGENCIES V||r TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE MYANMAR TWADt NAQgN I HAMPNHOHg/OIMCT WM.IAW WEE iIMW MMMMM fi». T AH/MA WO J MH7B IA ,tnwQ m, Mwn HO CW —LOP TRADt IBM HOt iI«M4 TgmXIMWM _!UUgßfl__ nyrr*v*Htm ►TO MYANMAR/YANQON SCW CONTAJMCft MR vice552 words
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Advertisement1908 1993-11-04 34 0 HANJIN SHIPPING FDR VSI uH~I UK MR IN FDRVSI I S* lII* MAUI SAV IM NYC HANJIN TONGHAC 102E 4 11 ORECT 25/1127/11 HAIUN TONGHAE 103 4/11 M ASM 0121 9/12 10/12 12/12 HAN UN ROTTERDAM 024 C 11/11 (MECT 2/12 4/12 HAIUN ROTTOOAM 0241 11/11 H KOBE 04711,908 words
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Advertisement1425 1993-11-04 34 I mi we ra m on ncy m rro lm cms mi «tc lm» mm km n» ws no cm m w I (CaOUKMI 1/11 Mft »/U 14/11 12/11 15/11 lt/11 11/11 IJ/U 2111 22/11 1/12 15'12 17/12 U/12 20/12 2J/12 M/ 12 31/12 2/1 11/1 21/1 25/1 Mil °2t1,425 words
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Advertisement2378 1993-11-04 35 II i&L A I NEPTUME AMAZONITE 05W ETA SGP 06/11/93 II 11 S§3 I ETA RDM 22/11/93, FLX 23/11/93, BRE 25/11/93, II II I LEH 27/11/93 II EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO: USWC US GULF MIDWEST USEC CANADA VESSEL VOY LOS OAK VAN SET ill (It (LB2,378 words
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Advertisement1169 1993-11-04 35 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKINGS: BALT ORIENT LINE: *****64 FESCO: *****06 ENQUIRIES: *****33 BLASCO ODESSA: *****51/*****31/*****13 INVENTORY: *****45 INWARD: *****81 OUTWARD: *****80 TRANSHIPMENT: *****78 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 MARINE INSURANCE SERVICE: *****87/ *****87 CR NO: **********0/N1,169 words
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Advertisement1824 1993-11-04 36 K4I vv" AS AGENTS "K" LINE (SINGAPORE) PTE LTD (CR No: **********0 M) M TEL: *****77 TELEX KAWAKI R*****5 FAX *****16/7/8/9 I T MALAYSIA "K" LINE MARITIME (MALAYSIA) SDN IHO TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: PJ. SARANA LAIITINTERNUSA, TEL: JKT *****08 f1,824 words
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Advertisement1038 1993-11-04 36 ,#->WSS PHiuomeNT urns m up <4^ 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION l AUSTRALIA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE 4 NOV SYDNEY. MELBOURNE, BRISBANE, FREMANTLE 11 NOV AUCKLAND, WELLINGTON, LYTTLETON, NEW PLYMOUTH, NAPIER, CHRISTCHURCH1,038 words
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Advertisement968 1993-11-04 37 fssaatlll PACIFIC INTERNATIONAL LINES (PTE) LTD I SSSSSSS 140 Cecil Street. #03-00 PIL Building. Singapore 0106. I SSSS* Jv CR NO **********0E I VESSEL VOY SIN CMS JIB *0 AQJ ADE MOO PZU ASA KOTA WIJAYA WJAO33 IS/11 20/11 27/11 30/11 3/12 26/11 1/12 4/12 KOTA BERKAT BKTOO3 2i/11 3/12968 words
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Advertisement1276 1993-11-04 37 IviSStlS VOT m HAMBURG HOITtKOAM ANTWERP THAMES It HMW Win DC TITAMA 033QW 12/11 01/12 11/12 12/12 13/12 14/12 M)W ABRAHAM 7131W 25/11 U/I2 21/12 22/12 23/12 25/12 MID MARSERIES 0031W 01/12 25/12 27/12 20/12 n/12 31/12 HAICA CUM** 7331W W/12 0? 01 04_01 OS 01 00/01 00/01 •AISO ACCIPIMG1,276 words
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Advertisement410 1993-11-04 37 BSA it M MYANMA wBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gd( TAUNGGTI V473W 7/8 No. PAGAN V2O2W 14/16 No. HP A AN VI97W 20/22 NOV MALATSIA AGENTS BOUSTEAD SHPPWG AGENCES HUE TEL 02-*****00 PKL: TEI 03 36*4767 rtN TEI 04-61(135 PGD TEL410 words
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Advertisement51 1993-11-04 39 \fC VISA FREIGHT SERVICES PTE LTD Q Established Since 1984 OCEANIA PORTS REGULAR lcl consolidation AUCKLAND SYDNEY import export FREMANTLE services FOR BOOKING St SAILING SCHEDULE. CALL THE TOTAL TRANSPORTATION PEOPLE. VISA FREIGHT SERVICES PTE LTD VISA LCL CONSOL PTE LTD TOLL-FREE TEL: 1800-*****66 TOLL-FREE TEL: 1800-*****34 FAX: *****86 FAX:51 words
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Advertisement2884 1993-11-04 40 Full Container Liner Services Malaysia 's Agents: Indonesia 's Agents: General Agents: Booking Agents: Guan Guan Shipping Sdn Bhd Chung Chiao Shipping Sdn Bhd P.T. Global Pntra Indonesia Maritime Costar Shipping Pte Ltd Shipping Freight Booking Centre Sdn Bhd 58 Peraarao Raja Mvrfa Mum Let 3.34, 3rd Floor, 11. IK.2,884 words
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Advertisement553 1993-11-04 41 FAMOUS CONTAINER LINES —10 ANSON RD. #15-21 INTERNATIONAL PLAZA, SPORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 8/11 ROTTERDAM 8/tl AARHUS/COPENHAGEN 87fl HAMBURG/BREMEN 8/TI MARSEILLE/FRANCE 14/11 FELIXSTOWE/UK 8/tl BARCELONA/SPAIN tl/11 LEHAVRE/FRANCE 8/tl GENOA/ITALY 6/tl ANTWERP/BELGIUM 8/tl LOS ANGELES/WC/IPI 7/11 SYDNEY/MELBOURNE 5/tl NEW YORK/EC 7/TI FREMANTLE/ADELAIDE 5/tl VANCOUVER 8711 BRISBANE 5/tl553 words
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Advertisement1217 1993-11-04 41 I 1 pi^■■ m'II I I —Mi i VESSEL VOY _S M JKT 1 VESSEL I VOY I SIN I PEN I iu J,"*, /11 5S DEJA BHUM 2177 Sat 6/11 Moo 6/11 Hi""" I I m I I lliJiSi Si —f- in T ORABHUM 02N Ffi 5/11 Tw »/111,217 words
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Advertisement452 1993-11-04 41 I pi DONGNAMA LINE COHTAIiWMB IWVICE TmiTO/BLW/WC/WH *ssa M m aw w bn ik MKLJM V3OSN U/U 13/11 14/11 U/U 2C/U 21/11 TULSCtS V3I2N U/U 28/11 22/U 3/12 5/12 SNtONC TtAOE* V3O3N 25/11 27/11 28/11 29/11 11/12 12/12 HONGKONG GLORV V3I2N 2/12 4/12 6/12 17/12 19/12 WEI* V3OW j/12 11/12452 words
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Advertisement1862 1993-11-04 42 PLAfIMN CONTAINER LINES I rN=/VV"|AQ«nU: MAC-NELS SPORE: *****22 (24 LINEB) v-j \y V 'c/w Mo: **********0 C SIBU (084) *****9 KUCHING (082) *****3 PENANG: (04) *****8 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK1,862 words
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Advertisement853 1993-11-04 42 JCL THONG SOON UNES PTE LTD 1 I 78 SHENTON WAY #10-01, SINGAPORE 0207 I I W TEL: 227-5088 FAX: 227-6011 I I TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOY STORE*"" PEST VESSEL |VOY IS'PORE |PEST EQUATOR GRACE 103/3E 06 NOV KUCHING853 words
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Advertisement18 1993-11-04 45 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. m Business Times WEKMOWAUA18 words
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Advertisement55 1993-11-04 45 —~i f The Execufcue Housekeeper -this O \vlk I I wants is me. Bob HI never neglect L Any Job. Any Career. Available Any Day. Any Time. Anywhere. The Straits Times The Sunday Times Business Times The new Paper Lianhe Zaobao lianhe wanbao Shin Min Daily News Berita Harian Berita55 words
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Page 45 Miscellaneous
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Miscellaneous733 1993-11-04 45 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 o*oo 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 20 2.3 24 2.4 2.1 1.7 1.3 1.1 1.1 1.3 1.7 2.2 2J 3.1 3.0 2.1 2.2 1.6 1.1 OS733 words
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Advertisement583 1993-11-04 46 A VIGOUR PACIFIC LINES VESSEL VOYAGE SINGAPORE MANILA I VIGOUR PACIFIC 30NB 05/11/93 13 11 93 I VIGOUR PACIFIC 30ANB 08/11/93 13/11/93 LOADING EVERY VIGOUR SINGAPORE 66N8 12/11/93 20/11/93 FRIDAV MONDAY VIGOUR SINGAPORE 66ANB 15/11/93 20/11/93 pokt klahg/peham ruil commm service VESSEL VOYAGE SINGAPORE I PORT KLANG PENANG SINGAPORE VIGOUR583 words
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Advertisement348 1993-11-04 46 @APPENSHIP HAMBURG IJ\J CONVENTIONAL ft INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS 10AMNG PORTS DISCHARGE 10AWNG FOR YOU MING 23 09 93 SPORE 5/11. BKK 9/11 MIRA IN HAMBURG 07 10 93 SPORE 15/11. BKK 22/11 KANIN ANTWERP 02 10 93 SPORE 13/11 KOALA CONTAINER348 words
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Advertisement425 1993-11-04 46 ±cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P G LOADING FOR: A VESSEL 28/11 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P G LOADING FOR: A VESSEL 15/11 20/11 Huangpu/Guangzhou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please reter above425 words
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Advertisement870 1993-11-04 47 HYUNDAI I MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE VESSELS VOY PNA I PKE I PGP 1 VESSELS VOY SIN HTM MIT* LEH* MM Bttj FEL HMM ADVANCE 30A 03/11 04/11 05/11 SI MARINER 307 V» 08/11 26/11 26/11 27/11 2S/11 2S/11 30/11 NORASJA MALACCA 9332 A 10/11 11/11 12/11870 words
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Advertisement511 1993-11-04 47 STRAITS/ JAPAN/ STRAITS SERVICE H SPECIALIST IN RO-RO HEAVY LIFTS IHBOUHD VESSELS [p VESSEL VOY Sf H RK RR I J TRAMS tVTO 12 11/11 t/ll M/ll I J CLOU EMI RID T/ll »/H 111 ORRME MOCK <$ 11/11 M/H II "i ARIIU 22 12/11 15/11 11" ASUM STAR 1»2511 words
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Advertisement945 1993-11-04 47 VESSEL VOY SIN ETA/P LAX OAK CHI DAL MEM/COL HOU NYC NOR ALLIGATOR TRIUMPH SOA 11 12/11 21/11 30/11 01/1? 02/12 02/12 03/12 03/12 04/12 MACKHAC BRPCt 72A IH9/11 05/12 07/12 08/12 09/12 09/12 10/12 10/12 11/12 ALLIGATOR PRPE <7A 25 26/11 12/12 14/12 15/12 16/12 16/12 17/12 17/12 IS/12945 words
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Advertisement22 1993-11-04 48 IKETING Tomorrow in Business Times Don't let your fingers do the walking. Call 287 7788 Shipping Dept mg for your shipment worldwide.22 words