The Business Times, 5 November 1994
1994-11-05
1
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The Business Times
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Title Section14 1994-11-05 1 SINGAPORE Business Times MITA(P) 010/12/93 Weekend Edition, November 5-6 1994 WL KNOW ASIA 75*14 words
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523 1994-11-05 1 Genevieve Cua - By Genevieve Cua SINGAPORE The government will soon allow companies here to operate their own private satellite links a major move that further liberalises Singapore's telecommunications services market. Communications Minister Mah Bow Tan said yesterday that the Telecommunication Authority of Singapore523 words
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Article, Illustration507 1994-11-05 1 Lim Soon Neo - From Lim Soon Neo in HONGKONG THE Hongkong government will inject about HKS6O billion <S$ 11.4 billion) in public funds and limit private borrowing to HK$23 billion for the financing of the airport project following the signing of an agreement betweenSource: Bridge Info - 507 words
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526 1994-11-05 1 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE The move by the United Overseas Bank group to take full control of subsidiary Far Eastern Bank may hit a snag two independent FEB directors plan to block the deal. Sources say Lee Chin526 words
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Article161 1994-11-05 1 Stock market indices Friday Change STII 2,352.50 +0.30 KLSEComp 1,074.41 +7.95 Nikkei 19,811.56 +60.91 Hang Seng 9,530.40 38.44 SET Index 1,522.94 -5.57 Jakarta Comp 520.60 -2.24 CLSA China B ....1,143.34 -8.35 Aust All Ord 1,999.8 -9.3 FTSE 100 3,097.6 -6.t Friday Previous 1pm EST close Dow Jones 3,841.17 3,845.88 Avtrift161 words
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Article71 1994-11-05 1 Reuter NEW YORK US blue chips remained higher at midday yesterday while the broad market turned negative on a day dominated by a mixed October US employment report. Declines inched ahead of advancing issues. US Treasuries were lower, with the long bond down about 0.15 perReuter - 71 words
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43 1994-11-05 1 Bloomberg Business News TUCSON, Arizona The nation's unemployment rate has declined to the point where any further decreases may force wages and prices higher, Robert T Parry, the San Francisco Federal Reserve Bank president, said yesterday.Bloomberg Business News - 43 words
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Article731 1994-11-05 1 Amy Balan - By Amy Balan SINGAPORE Singapore Press Holdings' profits and balance sheet could not be in better shape as its flagship newspaper. The Straits Times, approaches its ISOth anniversary next year. The media group turned in a better-than-expected 29.2 per cent rise in net731 words
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Page 1 Advertisements
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Advertisement19 1994-11-05 1 Golf: el i No longer just a man's game Speculators fuel demand for River Valley condo project, Pg 219 words
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Advertisement14 1994-11-05 1 Asia's ruling families: el s 5 Hongkong dynasties Call to resolve pending issues, Pg414 words
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Advertisement50 1994-11-05 1 S pore News 2 S'p«w/lf 6.7 Regional News 3 Regional World M Region Wort) -45 FMtMTM nutate Opnons IL2 Currtnaa 9 Conversation H3 Smex/Cornmolo.ll Sports HJ Wortd fefwui .IZI3 Ocure HIO CM>/N.S 14 TV/Ufcstyte ai2 StS IS. IS US jobless rate at four-year low, Pg 4 Hill 8 1 *****1"*****250 words
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Advertisement161 1994-11-05 1 HocMpock H ChiStteht thj *tay RHAPSODY IN BLUE hand-enamelled LmJI ''"ft l in blue, green, red A ilf itH 4 t l» I H" I vh jr'Mls Chronometer San Marco in platinum, 18 ct gold or stainless steel for gents and ladies ULYSSE TNARDIN Mechanical Chronometers and other rare timepieces161 words
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Advertisement10 1994-11-05 1 The Raffles Conversation: el 3 Indian parliamentarian Mani Shankar Aiyar ,@%&;!!@<{?]"-;;';&/=>[{'+,@>(]10 words
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SINGAPORE NEWS
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374 1994-11-05 2 Claire Leow - Reports by Claire Leow JAPAN would this year overtake Europe as the seeond largest investor in Singapore, Minister for Trade and Industry Yeo Cheow long said yesterday. Japanese investment in Singapore was expected to exceed last year's Ss7Bo374 words
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Article, Illustration508 1994-11-05 2 Singapore unit SDS will be able to meet 40% of Sony's global demand for CRTs SONY Display Devices (Singapore) is to invest $123 million in a new plant here to make cathode ray tubes for televisions. It expects the plant to508 words
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Article, Illustration313 1994-11-05 2 PARK MALL, which is being repositioned as a one-stop home furnishing centre, has signed a major tenant. Scandinavian furniture retailer Bolig will take 30,000 sq ft of retail space on the second and third levels. It will replace Style Singapore and Metro's Factory Outlet,313 words
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Article, Illustration302 1994-11-05 2 Abdul Hadhi - By Abdul Hadhi DEMAND for units at DBS Land's recently launched Aspen Heights condo project was boosted by speculators, judging by the number of advertisements in The Straits limes Classifieds section yesterday. There were 12 ads for apartments at the project, being302 words
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279 1994-11-05 2 Michelle Low - By Michelle Low ASIAN visitors are flocking to Singapore, the latest figures from the Singapore Tourism Promotion Board show. A total of 551,543 people arrived in September 9.3 per cent more than in August. And almost half of them were from Asean and Japan.279 words
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240 1994-11-05 2 THE Urban Redevelopment Authority raked in nearly $943 million from the sale of land in the financial year ended Mar 31, 1994 up 69 per cent from $557.75 million in the previous period. Figures from the authority's 1993-94 annual report released240 words
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Article174 1994-11-05 2 Corrections clarifications IN two Eye on the Economy columns last month, we cifed the Crosby Securities' Quarterly Economic Review which said that Singapore's imported food prices had jumped 10.4 per cent since the start of the year. Crosby has since clarified that this was a computational error. The correct figure174 words
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Page 2 Advertisements
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Advertisement12 1994-11-05 2 Call 1800- /I 7i***** 1 to place a quick- acting ad. CA.TS.12 words
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Page 2 Miscellaneous
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Miscellaneous465 1994-11-05 2 WEATHER Singapore: Showers over several areas in the afternoon. (Temperature 24-31) AsiaPacMc Hi/IV Cond Europe Mi/IV Comi. Buenos A*es 22/10 Cloudy AucWarxl 17/11 Cloudy Amsterdam 15/09 Shower CNcago 10/02 Sim BangKok 32/24 Cloudy Athens 20/13 Shower HonoftJu 29/24 Ooud» Beijing 13/02 Sumy BeiWi 11/04 Shower Houston 23/12 OouOi Bombay 32/22465 words
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THE REGION
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496 1994-11-05 3 Loh Hui Yin - From Loh Hui Yin in BANGKOK RESTORING Thailand's battered credibility after the May 1992 crisis and steering it firmly onto the path towards democracy has been the most gratifying part of his two years in office, Prime Minister Chuan Leekpai said496 words
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467 1994-11-05 3 AFP AP WASHINGTON American aviation company McDonnell Douglas has sealed a deal to assemble its planes in China that is potentially worth more than a billion dollars, US and Chinese sources said here on Thursday. "It is a contract between the Civil Aviation Administration ofAFP; AP - 467 words
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Article, Illustration44 1994-11-05 3 Reuter TOKYO Anti-fur people demonstrating at Tokyo's budistrict of Ginza on Thursday at temperatures of 15 degrees Celsius, tight naked demonstrators took part in the protest with the slogan "we would rather go naked than wear fur." ReuterReuter - 44 words
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352 1994-11-05 3 Bernama KUALA LUMPUR Prime Minister Mahathir Mohamad yesterday continued to keep the nation guessing on the timing of the general election, and yet seemed to drop a hint it might not be very soon. He said Barisan Nasional leaders, including ministers, mentrisBernama - 352 words
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NOTE BOOK
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Article62 1994-11-05 3 Reuter NEW DELHI India has told world health officials that the country is now free of plague, eight weeks after two outbreaks spread fear around the world. The health ministry has written to the World Health Organisation saying three plague-affected areas are now plague-free.Reuter - 62 words
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Article, Illustration84 1994-11-05 3 AFP PHNOM PENH Ousted Finance Minister Sam Rainsy announcing to newsmen yesterday he is taking legal action in Cambodia and Malaysia in connection with allegations of treason published in a Phnom Penh weekly. He invited reporters to follow him to Phnom Penh municipal court,AFP - 84 words
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81 1994-11-05 3 Reuter MANILA Philippine consumer inflation fell to a 13-month low of 7.8 per cent in October, calming market fears that the bubble of economic growth might be about to burst. "The low inflation level only goes to show that the economy is on a sustainableReuter - 81 words
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44 1994-11-05 3 Reuter HANOI Vietnam's exports of textiles and clothing increased sharply to US$4OO million (SSSBB million) in the first nine months of this year, nearly half of it to the European Union, the official Vietnam News Agency reported yesterday. ReuterReuter - 44 words
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69 1994-11-05 3 AFP JAKARTA Forestry Minister Jamaludin Suryohadikusumo said yesterday Indonesia will ban the use of fire in land clearing for new forestry estates and plantations. "There will be no new land clearing for HTIs (forest estates) or plantations if they cannot make use ofAFP - 69 words
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395 1994-11-05 3 AFP KUALA LUMPUR International brokerage Merrill Lynch said yesterday it was bullish on Malaysia's economy but cautioned that a labour crunch, rising wages and a widening external deficit could retard growth. "Our worry is more about the tight labour marketAFP - 395 words
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463 1994-11-05 3 Reuter TOKYO From banks to retailers, Japanese companies are joining a growing clamour for deregulation of the country's economy for once, putting domestic and foreign businessmen in the same corner. Yesterday, banking sources said leading Japanese commercial banks had give the Finance Ministry a lengthyReuter - 463 words
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458 1994-11-05 3 AP AFP SEOUL The US-brokered nuclear accord with North Korea will significantly reduce tension between the two Koreas and could help restart negotiations between them, Chinese Premier Li Peng said yesterday. Mr Li, the highest-ranking Chinese official ever to visit SouthAP; AFP - 458 words
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156 1994-11-05 3 Reuter SEOUL A group of new Chinese leaders is rallying around President Jiang Zemin in advance of the death of elder statesman Deng Xiaoping, visiting Chinese Prime Minister Li Peng said yesterday. Mr Li told a news conference at the end of his five-day visitReuter - 156 words
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Page 3 Advertisements
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Advertisement67 1994-11-05 3 TOP MAN CHEF, Savour Italian cuisine with White Truffles cooked to perfection by top Italian cbef Natale Baccbetta from Hotel Villa Crespi in Piedmont, Italy. RARE MM TRUFFLES! lai rich ant) dinner from Monday 21st till Wednesday 50tb November. Call 5)1 8-170 or 71 for more details. RJSTORANTE BOLOGNA ■fTH67 words
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REGION/WORLD
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628 1994-11-05 4 Fed must up rates by over half point to stem fall: analysts Bloomberg Business News NEW YORK The US government must do more than buy a few billion dollars in the foreign exchange market if it hopes to halt the US currency's recent decline. That's the opinion of many tradersBloomberg Business News - 628 words
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Article, Illustration56 1994-11-05 4 AFP GAZA CITY A Palestinian youth directing the traffic in a busy street here on Thursday. A freak storm, hitting the Near East and causing extensive damage, left some 420 people dead in Egypt. In Israel, a British touirist was killed andAFP - 56 words
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490 1994-11-05 4 Bloomberg Business News Reuter TOKYO The Bank of Japan (BOJ) and Japan's ministry of finance (MOF) have kepi a low profile during the past two days of intervention to prop up the dollar, and their silence appears to beBloomberg Business News; Reuter - 490 words
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462 1994-11-05 4 Bloomberg Business News AP AFP WASHINGTON Americas unemployment rate dropped to a four-year low of 5.8 per cent in October. Yesterday's report also showed the average hourly wages posting the biggest gain in 11 years, an increase likely to trigger aBloomberg Business News; AP; AFP - 462 words
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328 1994-11-05 4 The Straits Times Reuter MANILA A US official yesterday urged countries like China and Malaysia with reservations about free trade in the region to back the trade liberalisation plan at the Asia-Pacific Economic Cooperation (Apec) meeting in Indonesia. Winston Lord, Assistant SecretaryThe Straits Times; Reuter - 328 words
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323 1994-11-05 4 AP Reuter WASHINGTON A top State Department official expressed disappointment on Thursday at Thailand's rejection of a request to station supplies off its coast for military or humanitarian emergencies. Assistant Secretary of State Winston Lord said the US is looking to otherAP; Reuter - 323 words
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Article1688 1994-11-05 4 a& FMUrt ETA Fight ETD_ City Flight ETA ETP Ah« Dhabi GA976 0010 Ammr RJ187 0100 SQ420 2030 AMtardsM 000T SQ417 0830 EK79 0015 SQ25 0635 SQ324 2330 EK7 1650 EK71 2210 KL837 1540 KL838 2335 SQ428 2320 Auckland NZ21 1710 BA11 1350 Fraakfurt SQ327 15301,688 words
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Article, Illustration214 1994-11-05 4 Reuter LONDON Christine Keeler, at the heart of a 1963 sex scandal that disgraced a senior minister and shook Britain's ruling Conservative Party, has admitted for the first time that she was a Soviet spy. War Minister John Profumo had to resign afterReuter - 214 words
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287 1994-11-05 4 Knight-Ridder HONGKONG The ink on the overall agreement for financing Hongkong's new airport is barely dry, but officials from China and the UK are already calling for progress on other matters. "I hope that it will be a goodKnight-Ridder - 287 words
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THE WORLD
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Article, Illustration455 1994-11-05 5 AP FT Reuter MOSCOW Alexander Shokhin yesterday announced his resignation as Russia's economics minister and deputy prime minister, making him the latest victim of last month's "Black Tuesday" rouble crisis. Three officials have already been fired in a continuing government shakeup afterAP; FT; Reuter - 455 words
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360 1994-11-05 5 Reuter MOSCOW The head of Russia's troubled MMM investment fund, who has ignored investors' demands for their money back since he suspended trading in company shares, said he planned to expand his activities to the West. An unrepentant Sergei Mavrodi was speakingReuter - 360 words
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490 1994-11-05 5 AFP Bloomberg Business News UPI BRUSSELS Leon Brittan, Europe's external trade commissioner, leaves today for a visit to China and Hongkong that will include negotiations on China's entry to Gatt and its successor, the World Trade Organisation (WTO). SirAFP; Bloomberg Business News; UPI - 490 words
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WORLD WATCH
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Article69 1994-11-05 5 AP PARIS Conservative Paris Mayor Jacques Chirac declared his candidacy for president yesterday, a newspaper reported, in a move that intensifies a struggle in the Right. Mr Chirac, a charismatic campaigner, has increasingly duelled with conservative Prime Minister Edouard Balladur. whose lead in the pollsAP - 69 words
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Article64 1994-11-05 5 UPI LONDON Ihe panel ot independent economic experts who advise the British treasury said in its latest forecast on Thursday that there is a favourable outlook for the economy. It said in the November report they saw no need for changes in interest rates and recommendedUPI - 64 words
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65 1994-11-05 5 Bloomberg Business News NLW YORK Growing optimism among corporate executives in France and Japan helped to lift a Dun Bradstreet Corp index of business expectations to near record highs, the survey company said. French executives are more positive about net sales, net profits, hiring andBloomberg Business News - 65 words
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83 1994-11-05 5 AP BONN Germany's three potential eoalition partners on Thursday agreed that a eontroversial tax surcharge introduced shortly after the reunification of East and West Germany in 1990 and dropped in 1993 should be reimposed. The Christian Democratic Union of Chancellor Helmut Kohl, the Christian SocialAP - 83 words
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Article35 1994-11-05 5 Reuter VIENNA Austria enters a new parliamentary era on Monday following an Oct 9 general election in which voters overturned the old order and created prospects for new alliances. ReuterReuter - 35 words
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Article65 1994-11-05 5 Reuter NEW YORK US Defence Secretary William Perry firmly opposes renewing production of the B-2 Stealth bomber, whose primary contractor of the U5544.2 billion programme is Northrop Grumman Corp. he told the Wall Street Journal in an interview. Mr Perry told the paper he wasReuter - 65 words
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Article52 1994-11-05 5 UPI BUCHAREST The governor of Romania's central bank has warned that any delay in the privatisation programme may cause the collapse of the economy. He says a lack of financial discipline to dump bankrupt firms and the government's reckless coverage of bad loans will send inflationUPI - 52 words
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337 1994-11-05 5 FT LONDON Bell Atlantic of the United States and France Telecom have joined forces in the contest for the Czech Republic's state telecommunications company, which could be Eastern Europe's biggest privatisation. Initial bids for a 27 per cent stake inFT - 337 words
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520 1994-11-05 5 AP WASHINGTON Americans will go to the polls on Tuesday to decide control of the Congress for the next two years and to pick governors for 36 of the nation's 50 states. President Bill Clinton is not on the mid-term ballot. ButAP - 520 words
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320 1994-11-05 5 NYT WASHINGTON David Gergcn, the Republican who joined the Clinton administration last year to help pull it out of chaos, has submitted a letter of resignation to the White House, formalising his previously disclosed plans to leave his post as special adviser toNYT - 320 words
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393 1994-11-05 5 Reuter AFP LONDON Britain's trade and industry minister has personally intervened to withdraw a booklet his department sponsored which recommended business dirty tricks such as going through competitors' rubbish bins. Trade and Industry Secretary Michael Heseltine acted after journalists quizzed ministry officials on theReuter; AFP - 393 words
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336 1994-11-05 5 FT FRANKFURT The German Economics Ministry is probing leaks of market-sensi-tive data, following a complaint from a foreign bank that German rivals had prior knowledge of industrial orders figures that were published on Thursday. Federal bond prices slipped as accurate reportsFT - 336 words
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Article, Illustration84 1994-11-05 5 AFP PARIS It would seem that the elephants had packed up their trunks and headed for Paris where they put up a demonstration in front of the South African embassy on Wednesday. Members of animal rights group Robin des Bois were protesting against South Africa'sAFP - 84 words
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Page 5 Advertisements
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Advertisement8 1994-11-05 5 Opinions: It's a circus out v there, KL28 words
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COMPANIES & MARKETS
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355 1994-11-05 6 Abdul Hadhi - By Abdul Hadhi SINGAPORE Orchard Parade Holdings and Wing Tai Holdings, which jointly bought the Tien Wah Press site in August for $218 million, will refinance the deal one of them by issuing bonds and the other by issuing notes.355 words
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Article, Illustration333 1994-11-05 6 Corinne Kerk - By Corinne Kerk SINGAPORE The head of food group Goodman Fielder Asia's biggest revenue earner, Auric Pacific Trading, has quit after 11 years with the company. Wun Khai Ping, divisional director of the group's wholesale distribution and marketing arm, will leave at the333 words
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Article, Illustration337 1994-11-05 6 SINGAPORE The share price of power plant engineering firm Van Der Horst yesterday fell for the second consecutive day on talk of staff problems, poor earnings and unfavourable prospects. Investors also sold on the basis of speculation that some of theSource: Bloomberg - 337 words
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371 1994-11-05 6 Teh Hooi Ling - By Teh Hooi Ling SINGAPORE Chiwan Petroleum Supply Base, a SinoSingapore joint venture seeking a listing on the Shenzhen Stock Exchange, is considering a secondary listing here. Yuan Yu Hui, company secretary of CPSB's major shareholder China Nanshan Development, said yesterday that if371 words
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708 1994-11-05 6 S N Vasuki - HOCK LOCKSIEW By S N Vasuki SINGAPORE China Light Power (CLP), Hongkong's premier utility, is slowly and steadily establishing a significant presence on the mainland. Though CLP's electricity sales to China have levelled off in recent months, analysts say this will be offset708 words
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264 1994-11-05 6 Lee Wai Leong - By Lee Wai Leong SINGAPORE Aztech president Michael Mun yesterday denied a wire service report which said the company was paying US$lO million (S$ 14.68 million) for a 12 per cent stake in Reveal Computer Products, an American maker of sound chips.264 words
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163 1994-11-05 6 SINGAPORE Sembawang Bethelem Pte Ltd (Sembeth) has secured a second US$4O million (Sss9 million) contract from Suisse Atlantique to design and build a bulk carrier. This contract from the Switzerland-based shipping company follows another awarded in July. The latest deal163 words
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EYE on your STOCKS
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Article, Illustration100 1994-11-05 6 Quak Hiang Whai - Quak Hiang Whai MULTI-PURPOSE Holdings seems to have found some support after falling from above $3 recently. The stock picked up 5 cents yesterday to $2.41. Like many of the speculative Malaysian counters, Multi-Purpose appears to have limited downside risks from here and looks like a good short100 words
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SHIPS IN PORT
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Article453 1994-11-05 8 Hurt Vty N> B«r1h fcrtnj Dtparttt Vrad Voy No Berth Arrival Dapjrturt JVMg Part Ubmar top 21A P07 0411/2000 0711/0700 Batam Mt N157 11 rinpdt OS 11/2300 Batam S#nd3 A3194* P01A 0411/1900 04.11/2000 Cm* 120/21 *«pdt 05.11/1300 Batam S«wl3 ****** POU 0511/0700 0511/0000 Ham*a« 71W 117 *o*s*453 words
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Article1547 1994-11-05 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rdts Ship Voy No Etb/Btr Period From To From <** 211A 06/0500 IB 04/1500 04/1669 04/1900 2A 04/1700 05 0659 06 0900 4 05/1200 05/1459 05/1W0 to OWA 05/1500 U1,547 words
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COMPANIES
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546 1994-11-05 7 MBT KUALA LUMPUR Bank Negara has warned money market dealers to shape up and become more active in market making or lose their appointment as principal dealers, governor Ahmad Mohamed Don said last night. The Bank Negara governor said the lackMBT - 546 words
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Article, Illustration310 1994-11-05 7 AFP KUALA LUMPUR A new directive by Malaysia's stock exchange for brokers to report transactions daily has dented the market this week but could enhance long-term confidence in the local bourse, analysts said yesterday. The directive, issued internally to broking houses on Monday forAFP - 310 words
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301 1994-11-05 7 Bernama MBT KUALA LUMPUR The offer for sale of shares by KPJ Healthcare Bhd, a member of the Kumpulan Perubatan (Johor) Sdn Bhd (KPJSB), has been subscribed by 76.14 times. For its flotation exercise on the Kuala Lumpur Stock Exchange (KLSE) main board,Bernama; MBT - 301 words
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442 1994-11-05 7 Reuter JAKARTA Indonesian conglomerate PT Astra International yesterday announced impressive eight-month results achieved on the back of strong car sales, which analysts said are expected to remain buoyant. Astra posted a consolidated net profit of 163.70 billion rupiah (*****.6 million) for the first eight monthsReuter - 442 words
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275 1994-11-05 7 MBT KUALA LUMPUR TruTech Holdings Bhd, whose main business activity involves the contract manufacturing of electronic components, plans to launch its own brand of products. The company, which is heading for the Kuala Lumpur Stock Exchange second board, is currentlyMBT - 275 words
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COMPANY BRIEFS
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Article26 1994-11-05 7 SINGAPORE GRP Ltd said the Stock Exchange of Singapore has given in-principle approval to list and quote its recently proposed bonus shares.26 words
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Article56 1994-11-05 7 SINGAPORE Cosco Investment (Singapore) Ltd has bought two shares of $1 each, comprising the entire issued and paid-up capital of Harington Property Pte Ltd. Cosco plans to apply for an additional 4,999,998 ordinary shares of $1 each, bringing its shareholding to 5 million shares. The subsidiary56 words
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41 1994-11-05 7 SINGAPORE Tibs Holdings, through its wholly-owned subsidiary PB Packaging Systems Singapore Pte Ltd, has set up a new subsidiary called PBP Investment Pte Ltd. The new firm will serve as an investment company for overseas ventures.41 words
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80 1994-11-05 7 SINGAPORE Singapore Airport Terminal Services (SATS) yesterday signed an agreement with Indian Hotels Company Ltd (IHC), Oriental Hotels Ltd (OHL) and Malaysia Airlines (MAS) to set up a new joint venture called Taj Madras Flight Kitchen Pte Ltd in India. Sats said the agreement is80 words
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101 1994-11-05 7 Reuter JAKARTA PT Karwell Indonesia, a textile and garment producer, plans to go public by offering 20 million shares, or almost 31 per cent of its enlarged share capital, in December, the company said yesterday. Karwell, established in 1978. plans to use the proceedsReuter - 101 words
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Article56 1994-11-05 7 KUALA LUMPUR Amalgamated Industrial Steel Bhd (AISB) says it has received an investment proposal from Fabureat Sdn Bhd in which the latter has proposed to sell its equity interest in three companies engaged in timber logging and timber products manufacturing. AISB says it has engaged a56 words
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Article135 1994-11-05 7 Tan Tan, Accor in hotel deals Bernama KUALA LUMPUR Tan Tan Developments Bhd yesterday said it has signed two joint-venture agreements with Accor Asia Pacific Corporation to develop budget hotels in Malaysia, Singapore and Brunei. Accor is the largest hotel network company for midscale and budget hotels worldwide. Tan TanBernama - 135 words
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Article1228 1994-11-05 7 MmicmV prkM Nov 5 4 7 Mendaki Gr Fund 1.18 1.21 Smcaoore Unit Trust us Gr Fund 097 1 0l,,d lllilft lAj The Commerce 1.70 1.80 UIT1B MR mp Ltfl The Savings Fund 165 I.7S Unifund 1.53 1.60 S'pore Prog Fund 0.64 0.68 Unibond 1.045 1.07 S*pore Sec Fund 1.011,228 words
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381 1994-11-05 7 NST KUALA LUMPUR Little known Magna Bumi Sdn Bhd has proposed to take over the control of plantation-based Parit Perak Holdings Bhd for M 5300.9 million (*****.5 million). The company, which is partly owned by Idris Hydraulic (Malaysia) Bhd's managing directorNST - 381 words
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192 1994-11-05 7 Bernama KUALA LUMPUR Mycom Bhd said its proposal to raise its issued and paid-up capital to M 5328.32 million (S$ 187.14 million) from M 5246.24 million by way of a bonus issue of 82.08 million new ordinary shares has beenBernama - 192 words
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426 1994-11-05 7 Bernama KUALA LUMPUR Two more subsidiaries of the Johor State Economic Development Corporation (JSEDC) are expected to be floated by next year. JSEDC chief executive Mohamed Ali Hashim said the two are Sinora Sdn Bhd and Johor Land SdnBernama - 426 words
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372 1994-11-05 8 Teh Hooi Ling - By Teh Hooi Ling SINGAPORE A Canadabased closed-end investment fund aims to raise Cs2oo million (Ss2l6 million) to invest in enterprises sponsored by China's State Science and Technology Commission. The fund, China Torch Industrial, will invest in enterprises that come under China's Torch372 words
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444 1994-11-05 8 Reuter AUCKLAND New Zealand's Carter Holt Harvey announced an interim profit hike and another Pacific Rim expansion but admitted relations with its Chilean partner are still not always amicable. The forester, 25 per cent owned by International Paper of the US,Reuter - 444 words
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Article, Illustration351 1994-11-05 8 Reuter LONDON "Tiny" Rowland, controversial founder of the Lonrho global trading empire, was ousted as co-chief executive on Thursday in a dramatic boardroom coup. Sources close to the company said Mr Rowland, who dominated Lonrho for 34 years, was forced to resign following 48 hoursReuter - 351 words
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Article, Illustration118 1994-11-05 8 Reuter LONDON Canary Wharf looms in the background as a businessman makes his way into Poplar light railway station in the Docklands. The company said on Thursday that it had now let about 2.S million sq ft of its huge office complex, leaving about oneReuter - 118 words
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280 1994-11-05 8 AP NEW YORK The Nasdaq stock market fired back on Thursday against accusations of price-fixing and incompetence, asserting in full-page newspaper ads that a Business Week article disparaged the US' No 2 stock market. The Nasdaq advertisement said "a number of suppositionsAP - 280 words
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130 1994-11-05 9 Bloomberg Business News ATLANTA Turner Broadcasting System Inc reported on Thursday that third-quarter earnings almost trebled, as results from recent acquisitions more than offset a loss tied to company's striking professional baseball team. The Atlanta-based concern, which operates Cable News Network among a dozen other cableBloomberg Business News - 130 words
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131 1994-11-05 9 Bloomberg Business News TOKYO Furukawa Electric Co and Sumitomo Electric Industries Ltd, top makers of electric wires and cables, said yesterday oost-cutting measures and investment income offset declining sales to produce higher half-year earnings. Furukawa's current profit in the six months to Sep 30 roseBloomberg Business News - 131 words
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Article119 1994-11-05 9 Bloomberg Business News HONGKONG Lai Sun Development, a Hongkong property developer and investment company, announced a rise in net profit of 32.39 per cent to HK$965 million (*****.3 million) for the year ended July 31. The rise is lower than its first-half increase in netBloomberg Business News - 119 words
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125 1994-11-05 9 Bloomberg Business News HONGKONG Crocodile Garments, a clothing retailer and manufacturer in Hongkong, said its net profits fell 28.83 per cent to HKSSO.I million for the year ended July 31. The company reported a previous slump in profits of 15.9 per cent in the sixBloomberg Business News - 125 words
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Article107 1994-11-05 9 Bloomberg Business News WASHINGTON General Electric Co said corporate losses related to its Kidder, Peabody Co brokerage unit could run as high as US$95O million this year. The Fairfield, Connecticut, industrial and financial services company provided the estimate in a quarterly report filedBloomberg Business News - 107 words
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FINANCE & COMMODITIES
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342 1994-11-05 10 Shiv Taneja - By Shiv Taneja SINGAPORE US brokerage and investment bank Bear, Stearns and Co has received approval from the Monetary Authority of Singapore to operate as a nonmember broker here. The Singapore operation, headed by senior managing director Tan Kok Wee, is342 words
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393 1994-11-05 10 Reuter HONOLULU Insurance companies are not convinced the latest decline in catastrophe reinsurance rates will continue into 1996. Another natural disaster could easily push prices higher, said reinsurance underwriters attending a major industry conference which concluded on Wednesday in Hawaii. Insurers are nowReuter - 393 words
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Article, Illustration427 1994-11-05 10 DBS Bank weekly currency review LSVmark: downtrend expected to resume USS/mark gave up the previous week's gains to fall to 1.4910 by Wednesday night, before the Central Bank intervention brought it to 1.5255 by Thursday. The US unit then settled to trade around 1.5610427 words
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245 1994-11-05 10 Reuter ZURICH Union Bank of Switzerland (ÜBS) has made clear it is ready to make concessions to its biggest critic, maverick banker Martin Ebner, but remains determined to convert its registered shares into bearer shares. ÜBS chairman Nikolaus Senn said in aReuter - 245 words
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254 1994-11-05 10 Knight-Ridder KUALA LUMPUR The Malaysian Chamber of Mines said China's efforts to control tin exports appear to be succeeding. "For the moment, it appears that China's export controls on tin are working," it said in a report yesterday. China's tin exportsKnight-Ridder - 254 words
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383 1994-11-05 10 AP NEW YORK The New York Insurance Department is investigating whether Lloyd's of London can meet its claimspaying responsibilities to US insurers that are insured themselves by LLoyd's. A team from the department spent several weeks in London combing financial records at Lloyd's American TrustAP - 383 words
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293 1994-11-05 10 Reuter LONDON Oil prices remained firm yesterday despite expectations among many market analysts that a recent rally was set to run out of steam. "We need a breather but the market is still strong," said Charles Gray at Prudential Bache Futures in London.Reuter - 293 words
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Article171 1994-11-05 10 LONDON Bloomberg Business News The dollar was steady against major currencies after the Labour Department said the economy added a smaller-than-expected 194,000 jobs in October, easing some investors' concern about inflation. Analysts had predicted a rise of 247,000 jobs. The economy added 248,000 jobs in September, originally reported as 239,000.Bloomberg Business News - 171 words
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Article92 1994-11-05 10 AFP The dollar was up against other major currencies in early trading yesterday with dealers confident that the Federal Reserve will continue to intervene in support of the US currency. The latest jobless figures for October, which showed the lowest number of unemployed in four years also boostedAFP - 92 words
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Article, Illustration1284 1994-11-05 10 IraJe-Mnghled index cakuialnJ ajfaiml Spore s lop 14 trading partners Base year I9SS USS/SS forward rates Noon Nov 4 SS Bid Offer 1-month ***** 1 4675 2-month ***** 146$ I 3-month 1.4616 1 4631 6-month 1.4)62 I.4SS2 Sourrr OC'BC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am m Not1,284 words
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COMMODITIES & FUTURES
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1314 1994-11-05 11 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars and Euroyen futures ended steady after narrow range trading. Dealers said market participants were cautious ahead of the US non-farm employment data due last night. The market expects payrolls to increase by 200,000 to 250,000 in October. AReuter - 1,314 words
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Article670 1994-11-05 11 COMMODITY REPORTS KL Tin TIN jumped 41 sen to close at MS 16.06 a kg. a 26-month high, on rising London prices and strong consumer demand yesterday. The previous high of MS 16.19 akg was on Sep 25, 1992. An analyst said yesterday's high670 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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52 1994-11-05 11 BANGKOK Thailand has about 600,000 tonnes of sugar left unsold this year and 500.000 tonnes is refined white sugar, the Bangkok Post reported yesterday. Local rumours of sugar shortages were wrong and prompted by a glut of refined sugar, mainly produced for export, the52 words
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75 1994-11-05 11 DENVER China will produce just over 100 tonnes of gold in 1994, compared with an official figure of 90 tonnes for 1993, a Chinese geologist with close ties to the Chinese government said here yesterday. Dr Wang Ping said gold output this year75 words
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Article62 1994-11-05 11 NEW DELHI Madras Aluminium Co Ltd, a private-sector company shut down in 1992 because it became unviable, may be opened again under a new management, said a spokesman at the Ministry of Mines. The government-run Board for Industrial and Financial Reconstruction which supervises the turnaround62 words
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Article67 1994-11-05 11 AMSTERDAM The Dutch government was urged to fight a perceived threat that the European Commission may relax a requirement that chocolate be made 100 per cent of cocoa. Dutch chocolate producers were reacting to what they see as a threat by the European Union to67 words
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52 1994-11-05 11 MOSCOW Russia's sugar beet harvest is expected to total between 13 and 14 million tonnes this year, down from 25.5 million in 1993. Ivan Gridasov. in charge of the ministry's crop growing department. said that the beet harvest have been hit by a52 words
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Article1464 1994-11-05 11 Rubber Nov 4 Singapore Commodity Exchange Physical Prices (futures dosing as at 5.30p«) Buyers Man As at 12 noon (S cents/kg) RSS 1 Contract (S cents/kg) r v RSS 2 Dec 94 193.00 I94.00N Month High Low Inti&t RSS 3 Dec 94 192.00 193.00N RSS 4 Dec 941,464 words
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REGIONAL STOCK MARKETS
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Article1096 1994-11-05 12 -9.3 SHARES eased to a three-week low yesterday as investors nervously awaited the release ol key US employment data. The key All Ordinaries Index ended at 1.999.8 points, down 9.3 on Thursday's finish and its lowest closing level since Oct 13. The All Industrials Index fell 13.6 to 2.836.31,096 words
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Article684 1994-11-05 12 +41.59 Stocks bounced back amid reports of strong third-quarter performances and rumours of dividends, analysts said. The Composite Index rose to 3,096.58 points, up 41.59. Turnover was 3.9 billion shares valued at 1.7 billion pesos. Many analysts attributed yesterday's rise to reports showing that a number of companies had684 words
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Article585 1994-11-05 12 +62.82 Stocks gained momentum with eight major categories posting gains as investors bought at lows, dealers said. The 392-issue Weighted Price Index inched up 62.82 points to finish at 6,369.11. Turnover was 838 million shares worth NTS 37 billion. The market opened low. but bargain-hunters snapped up low-cost shares,585 words
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Article415 1994-11-05 12 1.79 Stocks posted a narrow gain yesterday, hitting a record high for the second straight day despite government measures to cool them down, brokers said. The Composite Price Index closed at 1,119.52 points, up 1.79. Turnover totalled 66.5 million shares, valued at a record high of 1.44 trillion won.415 words
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Article334 1994-11-05 12 -4.20 Shares declined, led down by Telecom. Investors were disappointed by Telecom s no-sur-prises first-year profit on Thursday, traders said. However, forester Carter Holt Harvey and home appliances manufacturer Fisher Paykel gained after announcing strong profit rises yesterday. With Telecom, "people were hoping for a bit more", said334 words
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WORLD STOCK MARKETS
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Article784 1994-11-05 12 -6.8 SHARE prices closed lower, just under the psychological 3,100 level on the FTSE--100 index, restrained by weaker FTSE futures but against the background of firmer gilts and a higher Dow after US jobs data. The Footsie finished 6.8 points off at 3,097.6. "We were expecting the Fed to784 words
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Article148 1994-11-05 12 +20.52 French shares end a volatile session higher on expectations that the US jobs report may prompt a rise soon in US interest rates, removing uncertainty as to the timing of such a move. 'The big focus has been insurers and stocks sensitive to the bond market," a trader148 words
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Article211 1994-11-05 12 +8.01 German stocks rose after a US employment report eased concern that the Federal Reserve would raise interest rates soon. The Labour Department said the unemployment rate fell to 5.8 per cent in October from 5.9 per cent the month before. It also said 194,000 nonfarm jobs were created211 words
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Article123 1994-11-05 12 +2.47 Belgian stocks rose for a second day after weaker-than-expected US October jobless numbers eased concern about rising inflation and interest rates. The Bel2o Index rose 2.47 points to 1,383.69. its highest close for more than five weeks. Brussels Swl Fraart FORWARD MARKET Mi Fin 2320 4) Acre ISM>123 words
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Article165 1994-11-05 12 +26 Italian shares closed mixed overall with only the banking sector providing any focus of interest. Brokers remained bearish with the unsettled political scene and uncertainty over the budget seen leaving little room for gains. There are still heavy short positions in the market. Ambroveneto, for which Banca Commerciale165 words
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Article338 1994-11-05 12 +44 South African shares closed mostly higher in quiet trade. largely unmoved by US unemployment data. "There is more Guy Fawkes on the market than trading," said a dealer, adding that investors were still cautious about a possible correction after Thursday's buying spree. Golds hovered around weaker levels on338 words
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Article239 1994-11-05 12 12.71 Stocks moved higher in early trade after mixed US jobs data, helped by stronger precious metals issues. "I think the market will close on the upside today." said one trader. The TSE-300 Composite Index rose 12.71 points to 4,239.53 in turnover of 7.43 million shares worth CS 100.62239 words
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Article759 1994-11-05 12 19.51 Stocks were mixed after October's employment report failed to dampen expectations of rising inflation and higher interest rates. Gains in car stocks such as General Motors and Chrysler and chemical companies such as Union Carbide offset lower prices for computer stocks such as Compaq Computer and oil759 words
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Article265 1994-11-05 12 +0.40 Dutch stocks rose for a second day amid optimism about company earnings and a stronger dollar. News of a lower-than-ex-pected 194,000 rise in US non- farm payrolls in October failed to dampen global concern about inflation, however, and US bond yields rose, pushing stocks off the day's high.265 words
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Article117 1994-11-05 12 -1.96 Worries about the Swedish referendum on European Union pushed shares lower in an otherwise quiet trading session. A poll in daily Dagens Nyheter earlier showed 40 per cent would say ">es' and 39 per cent 'no', while a survey in Expressen gave the 'yes' side 48 per cent117 words
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Article218 1994-11-05 12 +9.6 Swiss shares ended firmer after the release of the US jobs data, which sent mixed signals to the markets. An early rally on Wall Street helped shares in late business, the traders said. They said the firm dollar also supported sentiment and short-covering led shares higher. The broad218 words
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Article548 1994-11-05 12 Vienna No* 4 Asch AHA Bank \uMru PS (A-IV VZ 4M EVN I IN urKh F lufttulrn jM im/inf 106^ loLim —42' 2 MavuUn MM V/ <21 22 OtMVVZ V* VA Tcvhm4ngir IOSI 5 Voivhct 131 VcitMjnd \ilK N* 1 f WicVityif Source: Nasdaq No* 3 1S$ \«ii4phCoorsBoeing IT uiwh548 words
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Article, Illustration3104 1994-11-05 13 Bloomberg Business News HONGKONG Stocks stalled as persistent concerns about the direction of US interest rates offset excitement over a long-anticipated agreement on financing the territory's new airport. "Interest rates remain a major obstacle for the market." said a dealer. The Hang Seng Index rose 38.44 points to 9,530.40.Bloomberg Business News; Source: Bridge Info - 3,104 words
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Article, Illustration584 1994-11-05 13 CLSA TURNOVER in Hongkong H shares surged to HK.SI34 million and the index closed 5.91 points higher at 1,494.94 yesterday. Yizheng surged 2.5 per cent on active volume of HKS47 million. Maanshan ended the day unchanged on HKS36 million turnover. Shanghai B shares edged down 7.54 points to 861.47CLSA - 584 words
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Article, Illustration2541 1994-11-05 13 Reuter TOKYO Stocks closed firmer yesterday on the back of gains by the US dollar against the yen on Thursday, when Tokyo markets were closed. But trade was lacklustre ahead of the weekend and US October employment data due later yesterday. "Today's business was featureless. The market was takingReuter; Source: Bridge Info - 2,541 words
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Article, Illustration1834 1994-11-05 13 Bloomberg Business News BANGKOK Stocks declined as investors lowered bids on stocks in cement and telecommunications companies on the belief that they're priced too high in relation to their earnings prospects after recent gains that were triggered by a Cabinet reshuffle. "Investors went a little wild." said an analyst.Bloomberg Business News; Source: Bridge Info - 1,834 words
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Article, Illustration1100 1994-11-05 13 Reuter JAKARTA Stocks closed mixed in lacklustre trading yesterday with the market showing no direction. "It was anyone's bet where the market was going today. Trading was directionless and apart from reasonable volumes, on Indosat and Duta Pertiwi, the only thing to look forward to is the weekend." oneReuter; Source: Bridge Info - 1,100 words
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Article2505 1994-11-05 14 MOflt ACTIVE votoTK K.L Industries 5.620,000 F U B MX S.054,000 Promct 4.892,000 MBt Capital 4.176.000 Mulpha Intl 50c J.404.000 Idris H>d 50c 3.225,000 Bojava I nil 2.139,000 Pc«i Msia 1,915,000 InoOxyacn Wt95 1,858,000 Bcqaya L Wt99 1,826,000 Multi-Purpose 1,781,000 Fabcr Group 1,600,000 Magnum Corp 50c 1,586.000 KL2,505 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6149 1994-11-05 14 Bloomberg Business News KUALA LUMPUR Stocks staged a rebound yesterday after reports that the Federal Reserve defended the dollar calmed investors' concerns that inflation is poised to accelerate. The leading Composite Index rose 7.95 points to 1,074.41. The Emas Index rose 4.19 toBloomberg Business News; Source: Bridge Info - 6,149 words
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STOCK EXCHANGE OF SINGAPORE
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Article8409 1994-11-05 15 Gr Cr M Wl 1994 Lm Vol Da; laut QmU Dh Dh VU Net Cap Am High l«» Company Sal* (-MM) High Lo" »■>« Seta* Cw «k HI Smil Price INDUSTRIAL AND COMMERCIAL 1440 835 ml Ac ma 1110 175 4.7 16 177 765 1 1118 547* 267* I s8,409 words
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Article, Illustration1867 1994-11-05 16 R Sivanithy - By R Sivanithy SINGAPORE Stock prices on both sides of the Causeway yesterday closed higher for the first time this week, a rebound that dealers said was attributable to a combination of technical factors and a slight overnight firming on WallCharts by Bridge Info; Source: Bloomberg - 1,867 words
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Advertisement453 1994-11-05 6 MARKET MOOD For next week 's expected market sentiment, see Bi Sentiment Index on EL4 (Personal Finance A Investment section} NEWS VALUE Govt to allow private satellite links for companies soon (PR I) Not clear to what extent Telecom's earnings will be hit. SPH's profit rises 29% to $292 m453 words
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Advertisement273 1994-11-05 9 MFHlline In English Number Horoscopes (Daily) 8450 The SCORPIO Career A Finance Entertainment News 8451 How To Paint The Town Red? Ghost Story 8452 Night Strangling; Win Prizes! Children's Funland 8453 Sun Wukong Has Much To Learn... Face Facts 8454 Eyes Dreamland 8455 Fandi Ahmad A Football Dreams; Quiz: Anxiety273 words
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Advertisement1191 1994-11-05 9 ANNOUNCEMENT GROUP COMPANY AIIMTEIt i 1 Re#ults <»*> HU 111 Wum I. $'000 s'ooo t'ooo vooo Turnover 767,518 660,975 16.1 706,106 434,626 62.5 Trading profit [See Note (a)] 347,504 270,066 28.7 303,818 64,836 368.6 Hill Income from investments 55,739 38,425 45.1 45,821 32,155 +42 5 I W Dividends from unquoted1,191 words
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Advertisement116 1994-11-05 11 ijjS^AUCTION FRIDAY 18th NOVEMBER, 3pm. at HILTON HOTEL, EDMONTON ALBERTA CANADA 14 SITES 43 BUILDINGS 1,570 UNITS! SUITABLE FOR SMALL OR LARGE INVESTOR! LOWER THAN CURRENT INTEREST RATE MORTGAGES IN PLACE. MANAGEMENT SHARING OPTIONS. LOW RISE CONDOS TOWNHOUSES APARTMENTS BUY AS PACKAGE OR INDIVIDUALLY WIN AUCTIONEERS, CANADA MLADEN KARABOGDAN DAVID116 words
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Advertisement36 1994-11-05 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Make new business contacts through classification 203 in The Straits Times W Classified, l o^l^ 136 words
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Page 12 Advertisements
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Advertisement14 1994-11-05 12 %er a fen* glasses women will start looking at von in a different ivay.14 words
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Page 13 Advertisements
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Advertisement162 1994-11-05 13 |j|L— Water^resistan or 50m. E? IVI ITLJ Available in gold, gold and steel or steel. I I 5 ttA I Above Beyond Pit Ltd 1 Maritime Square «2-101 Expo Gateway Td 272X042 Cortina Watch Centre Pie Ltd Ml /'S 36 Raffles City Shoppm* Centre Td 33W1M. Wl-32 laicky PU*J Td162 words
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Advertisement197 1994-11-05 14 ndvle consul a 1 g 77~ inillßJ EEIDIDDD Petaus 1975 SlO3l Lalour 1947 I 999 it IBlallljffißl|P^^iMr»iji»Bitd{liga^TS|(|l||| S3S2 IS $iw u!o" IS *****11 jPMII «alr%illllilH stz ke ss rs tHJI MmMMMMI M W H*' Margaux 1900 $7534 Mouton Rothschild 1945 4938 ftf ■■■BBmB _alß| IIBBBIH IB Margaux 1945 $17% Mouton197 words
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Page 15 Advertisements
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Advertisement173 1994-11-05 15 NEW BALANCE presents the The MKM7s offer real running shoe American Classics Collection De- ventuie series technology. Real running shoe supsigned to take the work out of walk- com^ort JP sl w hat did you ing. These elegant shoes look better expect from a company that makes when you are173 words
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Page 16 Advertisements
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Advertisement35 1994-11-05 16 Binu^^sni^s TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 SELLING POINT If ever you have to sell ice to the Eskimos, let us offer you a pointer or two. Advertising Marketing. Every Friday. SINGAPORE r 1 Business Times35 words
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Advertisement98 1994-11-05 16 NOTICE Please be informed that Mr Chan Eng Ho (NRIC No *****37/J) is no longer a director of B.S.K. Stevedoring Pte. Ltd with effect from 31 Oct 1994 He is also no longer under the employ of the aforesaid company and is not authorised to transact any business or collect98 words
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Advertisement135 1994-11-05 16 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER Of RIYAN ENGINEERING PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 306(2) of the Companies Act Cap. SO that the Final Meeting of the Members of the above-named Company will be held135 words
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Advertisement583 1994-11-05 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 58 AND IN THE MATTER OF KAYONG ENTERPRISES PRIVATE LIMITED (Incorporated Id the Republic of Singapore) (In Members' Voluntary Winding-up I At an extraordinary general meeting of Kayong Enterprises. Private Limited duly convened and held at 11 Clyde Street Singapore 0718 on583 words
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Executive Lifestyle
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Article, Illustration1600 1994-11-05 17 Shahiron Sahari - Lady golfers look ready to become significant players on the local scene, reports Shahiron Sahari Shahiron Sahari SINGAPORE'S women golfers are coming out of the closet and with more than their husband's clothes these days. The image of the woman or as they say1,600 words
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STRAWS IN THE WIND
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Article38 1994-11-05 17 ASIAN students are doing so well in the United States that an American executive who asked his son at UC Berkeley about his grades was given this answer "Do you mean including or excluding the Asians?"38 words
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Article22 1994-11-05 17 THE Singaporean's obsession with Certificates of Entitlement (COEs) has inspired some wisecracks: Cause of Escalations. Cars Overly Expensive. Cost of Elections.22 words
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Article46 1994-11-05 17 MORE about Singaporeans' preoccupation with cars. We're told that, no thanks to the throngs heading for the Singapore Motor Show, those going to the Tresors Art Fair had to circle round and round the World Trade Centre car park before getting a parking lot.46 words
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Article73 1994-11-05 17 A SHOPPING centre in Orchard Road is giving its customers free parking for the first hour if they spend more than $10. The problem is, with no noticeable signs in the car park telling shoppers of this incentive, those who don't take their parking coupons with them have73 words
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OPINIONS
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Article, Illustration999 1994-11-05 18 LEON HADAR - LETTER FKCM WASHINGTON As the 'inner city' spreads its tentacles towards 'good neighbourhoods' in the US capital, alarmed whites are moving out in increasing numbers LEON HADAR The writer is BT's H ashinglon Correspondent WASHINGTON, as everyone knows, is the capital of the United States, the999 words
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Article604 1994-11-05 18 Mitchell Landsberg - Mitchell Landsberg finds some mighty weird campaigning going on for next week's US Congress elections Mitchell Landsberg AP THINGS arc getting strange out on the US Congress election campaign trail. A Hawaiian congressional candidate has vanished. A bank robber is running for the state LegislatureAP - 604 words
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529 1994-11-05 18 Robert Reno - Robert Reno says it's silly to be alarmed about inflation in the US in the present economic climate Robert Reno The writer is a columnist with the La)s Angeles Times and Washington Post, w here this commentary first appeared THE American529 words
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VIEWPOINT
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Article, Illustration2815 1994-11-05 19 Vikram Khanna - afs THE RAFFLES CONVERSATION Congress Party parliamentarian Mani Shankar Aiyar talks to Vikram Khanna about the courage of the late Prime Minister Rajiv Gandhi, the present leadership, and India's economic modernisation. And about his country's differences with Pakistan Vikram Khanna He certainly looked the part. When I met2,815 words
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399 1994-11-05 19 MAN I Shankar Aiyar is the first Indian MP who is trying to cultivate links between his parliamentary constituency Mayiladuthurai, in India's Tamilnadu state and Singapore. Or rather, to strengthen those links. "Tamils have been coming here since the last century, and most of them399 words
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636 1994-11-05 19 THE FAREWELL parties for Mani Shankar Aiyar reportedly started six months before he left Karachi, Pakistan, where he served as India's first Consul-General from December 1978 to January 1982; he was a hit with the Pakistanis, and they with him. "I have never in636 words
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PERSONAL FINANCE & INVESTMENT
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BULLS' EYE
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Article, Illustration51 1994-11-05 20 Those polled on their views of the Singapore stock market for the week ahead: Baring Securities, Daiwa Securities, Fraser Securities, GK Goh, Morgan Grcnfell, OCBC Investment Research, Peregrine Securities. Phillip Securities, SG Warburg. Smith New Court and W I Carr. Figures denote number of51 words
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Article282 1994-11-05 20 Nomura Research Institute (Nov 4) Centrepoint Properties. Enhanced portfolio. Alexandra Point purchase attractive as it was acquired on extremely high yield of 9.3 per cent (5 to 6 per cent for comparable properties) and a steep 37 per cent discount. Promising earnings outlook from residential/industrial/office properties. IJM. Construction stock282 words
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Article85 1994-11-05 20 Mon, Nov 7. Singapore: Start of "when issued" trading in Chevalier Singapore shares. Malaysia: Kuala Lumpur International Airport to announce winning bid for construction of main terminal building. Tue, Nov 8. United States: September wholesale trade. US congressional elections. Wed, Nov 9. Washington: Third-quarter productivity figures. Thu, Nov85 words
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Article, Illustration449 1994-11-05 20 Martin French - Martin French Chief representative Credit Lyonnais Securities (Malaysia) (4 i T 450 metres tall, Z\ the Kuala Lumpur JL City Centre twin towers will be the world's tallest office buildings. They are the centrepiece of a glistening new citadel, surrounded by a huge road and urban rail449 words
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Article, Illustration714 1994-11-05 20 Joyce Quek - WEWEEK By Joyce Quek THE latest initial public offerings in Singapore have met with lukewarm or worse still little response from investors. On Thursday, Chevalier Singapore's offer closed undersubscribed by 20 per cent. Liang Huat Aluminium ended 38 per cent undersubscribed in June,714 words
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Article, Illustration705 1994-11-05 20 Shiv Taneja - Shiv Taneja reports on the international broker's outlook for the region in 1995 Shiv Taneja Hongkong is still the market to put your money into, followed by Singapore, Thailand and Malaysia. So says Jake van der Kamp, HG Asia's investment strategist, at705 words
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Article, Illustration549 1994-11-05 20 Bill Sung - Eve on the region Bill Sung is cautiously optimistic about the territory Bill Sung The writer is an associate director of Morgan Grenfell Investment Management (Asia) Ltd. THESE are times of cautious optimism for the Hongkong stock market, despite a disappointingSource: Bridge Info - 549 words
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Article, Illustration356 1994-11-05 20 Shahiron Sahari - BT Golf Index By Shahiron Sahari THE BT Golf Index rose a solid 9.11 points in October to 249.99, its highest level since March, when the Index stood at 251.1. The 3.8 per cent increase makes October the third consecutive month that the356 words
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Article, Illustration1780 1994-11-05 21 Spurred by bright prospects, wealthy Asian families are striking deals with other influential groups. A report by Asiamoney magazine looks at the trend and highlights some of the major Hongkong taipans. Asiamoney WHEN Singapore hotelier Ong Beng Seng sought to build desperately needed office blocks inAsiamoney - 1,780 words
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Article, Illustration542 1994-11-05 21 Flagship company: Cheung Kong Market capitalisation: L 5510.35 billion LI KA-SHING is regarded as Hongkong's richest man. His net worth has been estimated at US$5 billion (557.3 billion) to US$7 billion not bad for someone who quit school at 14 to support his mother, youngerSource: Bridge Info - 542 words
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348 1994-11-05 21 Flagship company: Sun Hung Kai Properties Market capitalisation: US$l3.2 billion THE British-educated Walter, Thomas and Raymond the second generation of Kwoks running Sun Hung Kai Properties have been praised for their focused and conservative management style. Each year, the group348 words
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155 1994-11-05 21 Flagship company: New World Development Market capitalisation: US$5.4 billion. CHENG VU-TUNG began as a jeweller 35 years ago. He married into the family that owned how I'ai look Jewellery. In 1970. Mr Cheng (bunded New World and two years later went for a public155 words
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330 1994-11-05 21 Flagship company: Whec lock Co Market capitalisation: US$4.4 billion THE Pao family was originally from Shanghai but moved to Hongkong in 1949, shortly before the Communist takeover. The late patriarch. Yu-Kong Pao. made his fortune in shipping. Today, his World-Wide group operates 70 ships,330 words
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Article, Illustration257 1994-11-05 21 Flagship company: Henderson I^nd Market capitalisation: US$B.3 billion HIS father used to manage a profitable company in Guangdong province trading in gold. Just before the Communist takeover, Lee Shau Kee made numerous trips to Hongkong to move the family assets out of China.257 words
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Article, Illustration683 1994-11-05 22 SUSAN TSANG - Cinema Reviews By SUSAN TSANG SUNRISE is always a thrill, but when it's the animated spectacle of the sun coming up over the savanna that opens The Lion King, it is just overwhelming. The dazzled viewer gapes at an overhead picture of flocks of flamingoes taking683 words
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Article, Illustration563 1994-11-05 22 VAGABUNDA is Spanish for wanderer. After watching this torrid Mexican flick, however, one comes out convinced that it would be better translated as "tramp", because that's basically what the film is about the adventures of a tramp. Or a vamp. Whatever. 'i The sexy number563 words
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Article, Illustration1510 1994-11-05 22 Parvathi N Narayan - Parvathi N Narayan finds out what spurs James Rosenquist to create his huge, powerful and often disturbing images Parvathi N Narayan The writer is an artist who contributed this article to Executive Lifestyle JAMES Rosenquist. that highly respected. hugely successful master of Modern Art, isPhoto by Chris Loh - 1,510 words
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Article, Illustration601 1994-11-05 23 SUSAN TSANG - ExNbttions By SUSAN TSANG CATALAN sculptor Enric Pladevall has been described as a "hot minimalist", though he would describe his art as just "Pladevall" Hot minimalism, however, isn't a bad place to start when looking at the sculptor's works. "It's simple," says Pladevall of his art.601 words
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Article, Illustration638 1994-11-05 23 SHAHIRON SAHARI - CD Review By SHAHIRON SAHARI MADONNA: Bedtime Stories Madonna's creative juices seem to have dried up. The mistress of self-invention returns after 1992's Erotica with an album that is hard to fault, containing as it does songs which are never bad, but which unfortunately638 words
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SPORTS
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Article, Illustration475 1994-11-05 24 Golf AFP BALI Nick Faldo shot a brilliant eight under par 63 here yesterday to take a huge lead after two rounds in the Alfred Dunhill Masters golf. The Englishman's course record round put him on 130 for twoAFP - 475 words
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Article, Illustration470 1994-11-05 24 Reuter SOUTHAMPTON, England Preliminary skirmishes have already begun in the battle for the America's Cup. yachting's oldest international trophy. San Diego, on the west coast of the United States, is currently hosting the America's Cup class world championships with racing for the Cup itself startingReuter - 470 words
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Article, Illustration548 1994-11-05 24 AFP AP SUZUKA. Japan Tomorrow's Japanese Grand Prix will be a huge memorial to dead Formula One star Ayrton Senna as well as another step to crowning the new generation of race kings. Senna was such a hero in Japan thatAFP; AP; Reuter - 548 words
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SPORT SHORTS
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Article, Illustration113 1994-11-05 24 Reuter AP MII.WAIkEE Glenn "Big Dog" Robinson, the top overall pick in the 1994 NBA draft, agreed on Thursday to a 10-vear contract with the Milwaukee Bucks, the club said. The contract is believed to be worth USS7O million (SS 102.9 million). well below the USSIOO million Robinson wasReuter; AP - 113 words
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Article, Illustration78 1994-11-05 24 NEW YORK McLain Ward and Leslie Lenahan rode two clear rounds here on Thursday, helping the US team win their sixth New York International Nations Cup event in seven years. Swiss rider Lesley McNaught-Mandi toppled the next-to-last fence for the fourfault difference in the event. The US team78 words
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Article, Illustration167 1994-11-05 24 Reuter IjONDON World No I Nick Price of Zimbabwe has changed his mind and will compete in the world championship in Jamaica on Dec 15-18. organisers said on Thursday. But Australian Greg Norman. US Masters champion Jose Maria Olazabal of Spain and Japan's Jumbo Ozaki have confirmed that theyReuter - 167 words
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Article, Illustration124 1994-11-05 24 AFP NEW YORK Greek immigrant Spiros Nakos has run afoul of the US Olympic Committee because his 10-tabie coffee shop is named the Olympic Restaurant. Letters sent to the 44-year-old restaurateur warned him to discontinue using the name "Olympic" on his eatery, which opened in 1980 and was namedAFP - 124 words
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Article, Illustration95 1994-11-05 24 PARIS European Cup Winners' Cup 2nd rd (2nd leg on Thursday): Austria Vienna (Aus) I Chelsea (Eng) 1 (1-1 on aggregate. Chelsea win on away goals rule); Ferencvaros (Hun) 2 FC Porto (Por) 0 (Porto win 6-2 on agg): Werder Bremen (Ger) 3 Fcyenoord Rotterdam (Ncth) 4 (Fcyenoord 5-3);95 words
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Article, Illustration389 1994-11-05 24 AP PARIS Andre Agassi became the fifth player to qualify for next month's ATP world championship finals in Frankfurt when he beat compatriot Todd Martin to reach the quarter-finals of the Paris Indoor Open late on Thursday. The eighth-seeded scored a 6-2, 7-5 win over compatriot Todd Martin toAP - 389 words
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Article, Illustration55 1994-11-05 24 AP SAN DIKGO High winds from the west moved into San Diego on Thursday, cancelling the day's ocean racing and shortening the International America's Cup Class world championships to four races. Officials were forced to cancel Thursday's race because of 18-knot winds at the starting line and 30 knotAP - 55 words
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PEOPLE
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Article, Illustration201 1994-11-05 24 TIFFANY Co. the American retailer of fine jewellery and gifts, recently introduced some of its table settings at a dinner and tea at Raffles Hotel. The presentation, entitled Tiffany Taste, saw four table settings created by John Loring. Tiffany's senior vice-presi-dent and design director. Guests were shown201 words
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TIME OFF
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Article, Illustration315 1994-11-05 25 Six Lonely Oysters ACTION Theatre stages Ovidia Yu's comic-drama which looks at people you'd never expect to be lonely and how they block. off their feelings with carefully crafted "shells". Nov 11 to 21. Bpm at the DBS Auditorium; with a matinee at 3pm on Saturdays. Tickets at $15,315 words
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Article486 1994-11-05 25 Mr Big 'Live' A one-night performance by the rock band which scored recently with the acoustic hit To Be With You and a cover of Cat Steven's Wild World. Tomorrow, Bpm at the Harbour Pavilion. World Trade Centre. Tickets at $35. $55 and $75 from Sistic outlets. a Lewis486 words
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Article275 1994-11-05 25 Omnimax Movies Search for the Great Sharks Man's negative perception of sharks (possibly promoted by the Jam movies) has marked the creature as a thing to be feared and avoided much like rabid dogs. This movie hopes to help us understand them and see how these great creatures of275 words
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Article, Illustration833 1994-11-05 25 A Terrible Beauty Brother McNally, head of the La Salle-SIA College for the Arts, holds his first solo sculpture exhibition here. Until tomorrow, at the La Salle-SIA College Art Gallery. Admission is free. Zimbabwean Stone and Wooden Sculptures A collection of artefacts, curios, jewellery and handcrafted sculptures from the833 words
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Article232 1994-11-05 25 Rapid Development of Township Enterprises in PRC The National University of Singapore's Faculty of Business Administration is organising this Mandarin seminar which will focus on issues like the development of and prospects for township enterprises in China, and how to pick a township enterprise as a joint venture partner.232 words
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Article225 1994-11-05 25 Loy Krathong Festival The traditional Thai festival makes its way to our shores. Learn to create water-lanterns and the krathong that arc used in this unique fcatival of water and light. L'ntil tomorrow, at the Musical Fountain. Sentosa. Normal charges to the island apply. Singapore Motor Show Featuring new225 words
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Article213 1994-11-05 25 The Dark Side of the Accordion Otto Lechner performs a selection of original compositions as well as adaptations of traditional and contemporary songs. Today. Hpm at the Guinness Theatre. Tickets at SI2. Forum for the Arts: Horse Motif in Chinese Art James J Lally lectures on the213 words
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Article143 1994-11-05 25 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Forum The Shopping Mall. Ginza Plaza. Junction 8. Liang Court. Raffles Citv. Scotts, Specialists Centre. Takashimaya. Cold Storage at Jelita and World Trade Centre. Also at Victoria Concert Hall and the Singapore Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at143 words
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Article, Illustration531 1994-11-05 25 Christopher Toh - Christopher Toh takes a trip back to the 1970s with KC and the Sunshine Band Christopher Toh WITH the slew of 1970s disco songs rehashed or otherwise being played on the radio these days, it seemed inevitable that one of the major proponents of the531 words
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EPICURE
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Article, Illustration694 1994-11-05 26 JAIME EE - Bm Afpetit By JAIME EE MAN cannot live by bread alone if that's the case, how does one explain the popularity of the humble sandwich? Given the proliferation of Delifrance and Prima Deli outlets, as well as other sandwich places like Mr Cucumber and Steeples' deli,694 words
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Article, Illustration667 1994-11-05 26 N K YONG - Wine By N K YONG MOST of the fun of wine comes from matching it with food. True, great wines are often best enjoyed on their own without food so they can be enjoyed in their full glory without any risk of their nuances and subtleties667 words
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Article, Illustration1002 1994-11-05 28 Airheads. A band hijacks a radio station to have their demo taped aired. Cathay: I Jam. Yishun: 5.15; 11.45pm. Bishan: 5; 11.45. Amantes. Spanish tale. A discharged soldier lodges with a steamy widow. The inevitable happens. His fiancee discovers the affair. R(A). Oriental: 1.30; 3.30; 9.30. Belle Epoque. During1,002 words
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Advertisement79 1994-11-05 17 \;_|=`-^(_]",$"'<$.[>$+!{"`}?&_ W 1 IS3SISBKM M Wr mmm K m E[^^^tjBBBtSKKK^SS^Sm m M IT A fl rflJ^r^m K K ff U lf^ft MB^BF wm m \I jfl k B *"I h* kg Ml Hf WELLERS SINCE 1847 mm' Available at: r Bffecotts Road #01 -16 Scotts Shopping Centre Singapore 0922 Tel:79 words
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Advertisement20 1994-11-05 18 THINKTONK For a closer look at issues that matter. Analysis. Tuesday to Friday. V SINCiAPORh r 1 Business Times WEKMttWASIA20 words
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Advertisement23 1994-11-05 18 STAKES Don't get shortchanged, or a covera 6 e WWW&SC you can bank on. Financial News. Everyday. ''TX SINGAPORE f i vjv-t BusinessTimcs23 words
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Page 18 Miscellaneous
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Miscellaneous76 1994-11-05 18 IT nv/se.LF?VuHeRe t-w i COULD IF VOU V KICK IT V ISN'T FunctionlNG WILL Me J > —v< "too coo>e, op f\k»o sort it y° Do S OUT "3 '"O'VJ IT VOdt IT < C. rfKT^r^^i ll' e ASSOCIATED WWWAMIHITO, IMMM4 feXflu-,' DOONESBURY GARRY TRUDEAU COLQN6LIF-7W£SAUB&AI HHHHHHVI JIILI W CXAN-COVTXA76 words
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Advertisement26 1994-11-05 20 For Homo or Offico deliveries of: Straits Times, Sunday Times, Business Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min, LianHe Wanßao call our Hotline 1800-749-2577,26 words
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Advertisement5 1994-11-05 21 Next week: Indonesia's ruling families5 words
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Advertisement253 1994-11-05 23 THANK YOU FOR YOUR SUPPORT! We at Edinburgh Financial Publishing would like to thank I all of our readers who have shown an our publication, The MeesPierson Guide to the Companies of Singapore and Malaysia. The book has been a runaway success and we would like to apologise to those253 words
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Advertisement24 1994-11-05 26 o o o Q o LEAD BY EXAMPLE For some of the best examples of good management. Enterprise Management. Every Monday. m BusinessTimcs WWtMOWAMA24 words
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Advertisement48 1994-11-05 26 |If onjy ny boss would I "to these ads O o w^~ I r;| Any job. any Career. Available any day. Any Time, anywhere. Tw Straits Times The Sunw Times Business Times The New Paper UAHME ZUWO LIAMME W.MBAO SHIN Mm CXW.V NCW» BC»rT» HAtnAM BER.T. MINCGU JUL48 words
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Advertisement70 1994-11-05 26 >* £^>>yzy (1 TO 30 NOVEMBER '94) To celebrate our 6th Anniversary, Cafe Aladdin is offering selected local dishes at only $6.00 each for lunch and dinner daily. Fried Hokkien Mee Fried Yee Mee Cd/c Fried Noodles (Hong Kong style) Beef Noodles tft Mee Rebus Mee Siam irvr4 j For70 words
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Page 27 Advertisements
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Advertisement693 1994-11-05 27 Nothing Beats A Bud. HicVAl -A FRESPfI .pasta! DAI LY. W From Pasta Fresca. The only restaurant to make its own specialty pasta. Fresh, everyday. Savour perfect pizza, great gelati and terrific tiramisu. All topped with Italian hospitality. Pasta Fresco Oa SoNator# Pit Ltd 30 Boot Quay. SI0I04) (Open 24693 words
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Advertisement361 1994-11-05 27 WHERE TO WINE, DINE AND ENTERTAIN Our weekend high tea is so satisfying, people sometimes break into song. Choose from a sumptuous variety of savoury and sweet favourites. And if that's not enough, our high tea special also includes karaoke at Singsation. i High-Tea; V' $12.00 (adult) r 8.00 (child)361 words
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Advertisement402 1994-11-05 27 tnouglio fcnonglia Il^nouglio T K 'Enough is enough. 35 appetisers, 20 desserts pfus main courses. 'When our guests start on the appetiser spread at our monthly international (unch buffet, they never finish. In fact, they always endup conceding that theyve had more than enough. Come try it to believe. jQI)402 words
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Page 28 Miscellaneous
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Miscellaneous2615 1994-11-05 28 TODAY'S TV ■VZTITTVmTSTTSmHI 6.30 Front Runners. MB 600 Morning News (M). 7.00 Today in France. H I 7.00 CNN News (M) 7.30 Berita 12. H I 8.00 Sarapan Bercinta Dalam Mimpi, 4pm, Get Smart, 12.30pm, Ch 5 800 Cracking the Code 9.00 ABN News (M). Cl»12 Max and 99 attempt2,615 words
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