The Business Times, 17 January 1995
1995-01-17
1
44
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The Business Times
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Title Section13 1995-01-17 1 BUSINESS TIMES WE KMOW ASIA MITA(P) 194/12/94 Tuesday January 17 1995 75 c13 words
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2am LATEST
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Article54 1995-01-17 1 Reuter NEW YORK Blue-chip stocks gained ground yesterday, following through on Friday's strong rally. The Dow Jones industrial average was up 20.86 points to 3,929.32 at 1 pm EST. In the broader market, advancing issues beat declines 13-7 on moderate trading of more than 178 millionReuter - 54 words
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Article41 1995-01-17 1 Reuter LONDON Compensation won in the courts for losses incurred by backers, known as Names, of Lloyd's of London insurance market will be paid on a "first come, first served" basis, a High Court judge ruled yesterday. ReuterReuter - 41 words
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Article160 1995-01-17 1 Stock market indices Monday Change STII 2107.39 +26.66 KLSEComp 910.75 +12.25 Nikkei Hang Seng 7,504.24 +251.90 SET Index 1,252.64 +4.05 Jakarta Comp 447.30 +5.43 CLSA China B 844.50 -0.03 Aust All Ord 1879.1 +20.3 FTSE 100 3,076.7 28.4 Monday Previous lpm EST dose Dow Jones 3,929.32 3,908.46 Average160 words
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693 1995-01-17 1 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR MALAYSIA has decided that Malayan Railway (KTM) will stay put at Tanjong Pagar instead of shifting its station to Bukit Timah as proposed under a 1990 memorandum of understanding. A move from its693 words
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325 1995-01-17 1 S N Vasuki - By S N Vasuki SINGAPORE Bangalore has become the second Indian city seeking foreign participation in an elevated light rail transit (LRT) system aimed at enhancing public transport. An advertisement inviting joint venture partners for the ambitious $2 billion project325 words
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556 1995-01-17 1 Rahita Elias - February COEs plunge in most categories By Rahita Elias SINGAPORE Even as February prices of Certificates of Entitlement to own cars fell for the second month, the government has introduced interim measures to prevent the misuse of the vehicle556 words
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Article, Illustration393 1995-01-17 1 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Asian stocks rebounded yesterday as the Mexican financial crisis and fears of an imminent increase in US interest rates receded. But caution prevailed in most markets as the Japanese bourse and US bond markets were closed for holidaysSource: Bridge Info - 393 words
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313 1995-01-17 1 JAKARTA Indonesia's central bank raised key discount rates yesterday to boost the rupiah in fresh action after last week's major market intervention. "We have raised the interest rates of SBPUs (short-term securities) for all maturities by half a percentage point," an official said.313 words
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378 1995-01-17 1 Paul Leo - By Paul Leo SINGAPORE Regional currencies ended firmer against the US dollar yesterday as some central banks continued to intervene in the market. Dealers reported that authorities in the Philippines, Indonesia, Thailand and Hongkong continue to support their currency yesterday, but trading was less378 words
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Advertisement97 1995-01-17 1 I #03-7?orch!rtJ^i?T!rTVUtl/*****16 t COWTtWS Spore News 2 fpw?M^a*l7.lB,l9 Regional News 3.4.6 Financial 20,21 World News 7.8 Features Mariwts Angsts 15 Oob/KLSE. StS 24-26 tutorial 14 Regional 22 Sports 12 WorM .23 TY/lrfestyle 11 Currencies .20 Property 13 Sunei/Commo ...20.21 Subscription Tel 1800 *****77 Fax *****75 BT N*ws4«sk TH *****18 Fax97 words
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Advertisement0 1995-01-17 1 $%[/[:>$"?&?;$~;+$+|-,]}^~("+]:0 words
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Advertisement9 1995-01-17 1 {+%*!+>+],}+;<]]=}-:^`+&&*|{/(> Malaysia's prosperity is S'pore's gain: BG Lee, Pg 169 words
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Advertisement0 1995-01-17 1 @+-:!)$<?>)@};{%}*`%^/%>[?]]^@>0 words
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Advertisement34 1995-01-17 1 Wi nrfrs lAr wtjHW tvtmomy? 4 i wUIIHIWrUar wWWP»^I!t Pnr |Va• |noti£fn&i Solflen 1 ufarahiiin.. Bar-codes SBM BUSINCSS SVSTCMS (S) PT€ LTD ©743-8000 02-08 Great Pacific Warahousa. 7 Kaki Bukit Road 2, Singapore 144134 words
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Advertisement34 1995-01-17 1 NEW YEM BEST BUY $399 Q The world s Smallest 35-70 mm Zoom Autofocus Compact Nikon Camera Centre Max Pkoto #03-10 Centrepoint Tel: 733 3848/733 3868 No plan to reschedule foreign debt, Pg 334 words
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SINGAPORE NEWS
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EYE on the ECONOMY
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Article, Illustration279 1995-01-17 2 Chuang Peck Ming - By Chuang Peck Ming EXECUTIVES are likely to receive smaller bonuses this year, says a survey by the Singapore National Employers' Federation. Their median variable bonuses are expected to slip from 1994's 1.5-2 months' pay to 1.5-1.8 month's pay, while the annual wage supplementSource: SNEF - 279 words
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339 1995-01-17 2 Paul Leo - By Paul Leo THE Singapore Commodity Exchange (Sicom) is likely to recruit 50 "locals" or private individuals as traders on their own account for a coffee futures contract to be launched next month. "We need to encourage a core group (of339 words
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199 1995-01-17 2 WORK on Esso Singapore's $380 million hydro-processing plant on the island of Pulau Aver Chawan is well ahead of schedule. A key structure was installed yesterday, taking the plant more than half-way to completion. The proposed 15.000 barrels per day processor will199 words
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Article, Illustration338 1995-01-17 2 Ven Sreenivasan - Interview with Anson Chan Reports by Ven Sreenivasan WHOEVER heads the Hongkong civil service after 1997 will still have to grapple with meeting the rising aspirations of an increasingly affluent and articulate populace. So it is criticalPhoto by Arthur Lee - 338 words
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264 1995-01-17 2 LOCAL real estate firm ERA Realty Network chalked up 1.6 billion in sales last year a 45 per cent rise despite a slowdown in the resale market in the fourth quarter. The number of transactions done by its264 words
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NEWS ROUNDUP
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Article94 1995-01-17 2 PRESIDENT Ong Teng Cheong yesterday made his second visit to a Singapore Armed Forces unit since his election as president. At the Pasir Laba Camp, he inspected a Camp Quarter Guard mounted by men from the Headquarters Infantry. Mr Ong was received by the Minister94 words
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Article107 1995-01-17 2 THE Board of Commissioners of Currency have issued an uncut Singapore banknote set for release to usher in the Lunar New Year of the Boar. Dubbed the "Prosperity Hong Bao", each set will contain a two-note sheet of uncut, purple $2 notes from the current107 words
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Article116 1995-01-17 2 Corrections Clarifications OUR report yesterday, headlined "Chee Hean is new face in committee", said that Teo Chee Hean and Aline Wong, who were co-opted to the Central Executive Committee, obtained the 13th and 14th highest number of votes. It was clarified yesterday that they were 13th and 14th in the116 words
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267 1995-01-17 2 THE Jardine group's decision to pull its business headquarters out of Hongkong is not representative of the general mood of businesses in the colony. The colony's Chief Secretary, Mrs Anson Chan, insisted that business confidence in Hongkong remained high despite the267 words
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167 1995-01-17 2 THE labour movement saved workers $9 million last year by absorbing the Goods and Services Tax which came into effect on April 1, says NTUC chief Lim Boon Heng. Labour's retail co-operative, NTUC Fair Pice, was responsible for most of the savings,167 words
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182 1995-01-17 2 SINGAPORE Telecom's mobile phone subsidiary MobileLink has launched a monthlong campaign to promote safe driving among handphone users. Mobile Link will run print advertisements to persuade handphone owners to install hands-free kits in their vehicles, so they can keep both182 words
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179 1995-01-17 2 SINGAPORE The Registry of Vehicles said yesterday that tenders for number plates would be held weekly instead of daily. Bidding for the SCH series will start today at 9 am and close at noon on Jan 21. The numbers available are from179 words
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Page 2 Advertisements
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Advertisement218 1995-01-17 2 ^.<)%.`\@+("/~@],*`%^~)]_^..<<= MASTICS TechnologyAsia9s The Asian International Plastics Rubber Processing Machinery Materials Exhibition brings the world of plastics to you! :■■< |§WflBH W*i*i T*Ti Source for all your manufacturing needs... Keep abreast of the latest trends and technology in the industry... Meet key players and companies in the plastics and rubber218 words
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SOUTH-EAST ASIA
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399 1995-01-17 3 AFP HANOI Vietnam is to allow long-term apartment leases for the first time in a move expected to provide foreigners with stable accommodation amid the country's chronic housing shortage, reports said yesterday. The leases will be offered with the opening ofAFP - 399 words
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Article278 1995-01-17 3 Bernama KUALA LUMPUR A 35member British trade mission representing the power generation, offshore oil and gas and education sectors, are seeking local partners for joint ventures as well as to collaborate in educational programmes. Trade mission manager Steve Courtney told newsmen yesterday that the mission,Bernama - 278 words
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350 1995-01-17 3 Reuter JAKARTA Indonesian President Suharto says the country has no plan to reschedule its foreign debt, which has hit almost US$lOO billion (SSI4S billion),, and triggered fears of a Mexican-style financial crisis. "We have never thought to reschedule our foreign debt andReuter - 350 words
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Article, Illustration390 1995-01-17 3 Loh Hui Yin - From Loh Hui Yin in BANGKOK STRONG regional coverage, concise writing and a neat layout that's easy on the eye. These were some initial comments from readers about Business Day, Thailand's newest English daily, launched a week ago. "1 like the way theReuter - 390 words
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NOTE BOOK
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64 1995-01-17 3 AP MANILA Malaysia has protested against the Philippine Senate's portrayal of the country as an unfriendly and dangerous place for Filipino workers, an official of the Department of Foreign Affairs said yesterday. The official, who requested anonymity, said Manila's envoy to Kuala Lumpur, AlbertoAP - 64 words
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Article86 1995-01-17 3 Anex-Antara BATAM, Indonesia The security in Indonesia's western territorial waters bordering Malaysia and Singapore is "stable and under control", a high ranking naval officer said here yesterday. "The fact that Thai yachts can safely sail without any disturbance is evidence that the security in theseAnex-Antara - 86 words
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Article61 1995-01-17 3 Bernama KUALA LUMPUR Malaysia has progressed to such an extent that it hardly needs public or private sector financing now from the Asian Development Bank. This had allowed the ADB to concentrate its efforts on the lesser developed Asia-Pacific countries, said ADB deputy director TimothyBernama - 61 words
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Page 3 Advertisements
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Advertisement46 1995-01-17 3 I Official Opening I 17th January, 1995 6 I THE SIAM COMMERCIAL BANK, PCL I Singapore Branch I 16 Collyer Quay #25-01 Hitachi Tower Singapore 0104 I We are proud to join Singapore's financial community. I The oldest bank in Thailand, The finest service to offer.46 words
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CHINA/HONGKONG/TAIWAN
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495 1995-01-17 4 Reuter BEIJING Chinas central bank has promised tighter money supply policies to curb inflation and economists say the squeeze would do better this year than in 1994. due to record savings and more stable food prices. The People's Bank of China willReuter - 495 words
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363 1995-01-17 4 Bloomberg Business News HONGKONG A United States trade official says China has narrowed the gap in talks over copyright violations and must take high-profile enforcement action in the next two weeks to avoid sanctions. The senior official, speaking to journalists hereBloomberg Business News - 363 words
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CHINA WATCH
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Article93 1995-01-17 4 Reuter HONGKONG Chinese authorities rushed to beat a Jan 15 OECD deadline in order to get cheaper financing for the second phase of the Daya Bay Nuclear Power Station, said Didier Balme, chief executive in Hongkong of Banque Nationale de Paris, lead arranger for theReuter - 93 words
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Article101 1995-01-17 4 AFP BEIJING China is to cut customs duties on 246 import and nine export items for one year from Jan 1 this year, Xinhua news agency said yesterday. "Hie announcement was made by the Chinese General Administration of Customs. It did not say by how muchAFP - 101 words
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Article97 1995-01-17 4 Reuter TAIPEI Taiwan's most expensive land has been priced at NTSB6I,OOO (5547,400) per sq metre for prime plots in the centre of the capital Taipei, a government official said yesterday. "Land prices have been rising in Taipei's Hsinyi district in recent years, but the riseReuter - 97 words
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74 1995-01-17 4 AFP BEIJING Restructuring and technological renovation turned around China's textile industry last year, transforming a one billion yuan (SSI7O million) loss in 1993 into a 1.6 billion yuan profit. Textile exports surged more than 30 per cent, with the rising price of yam on theAFP - 74 words
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103 1995-01-17 4 Reuter BEIJING The population of the world's most populous country will surge by about 30 per cent in the next 35 years with China's people numbering more than 1.63 billion by 2030, Xinhua News Agency said yesterday. China's population for 1994 is expectedReuter - 103 words
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344 1995-01-17 4 AFP BEIJING China's Communist Party yesterday warned of "new circumstances" looming in another appeal to unite around ailing paramount leader Deng Xiaoping. "Unity of thought around Deng Xiaoping's theory of socialism with Chinese characteristics is fundamental to continue reform andAFP - 344 words
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Article, Illustration55 1995-01-17 4 AFP HAINAN Local residents passing by some of the many luxury buildings on this southern Chinese island opposite Vietnam. The constructions, built on speculation and unafTordable for Hainan residents, sent property prices plummeting last year. However Hainan governor says China's largest special economic zone is now onAFP - 55 words
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320 1995-01-17 4 Reuter SHANGHAI A black-and-white photograph showing Deng Xiaoping crumpled in an armchair at a fireworks show has become the Liberation Daily's biggest scoop. Tliis was the haunting image of China's patriach his cheeks sunken, eyes dark and hollow chosen by MrReuter - 320 words
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Advertisement269 1995-01-17 4 2_q 'Anniversary "DOCIBLE BONOS" For Ordering The Preferred Brand t 4 To celebrate our 20th Anniversary, we wish to thank all our loyal customers with an unprecedented 'DOUBLE BONUS" offer all Noel hampers ordered by you from 17 to 20 January 1995 will entitle you to gifts from the range269 words
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Advertisement115 1995-01-17 4 BUSINESS T I MES NOTICE TOLL-FREE TEL. No. 1-800-741-1883 FAX:7*I-1298 /NOTICE Q>OPOKT}£)SP4 I THE THAI DANU BANK PUBLIC COMPANY LIMITED I Negotiable Floating Rate United States Dollar H Certificates of Deposit due in July, 1997 H In accordance with the provisions of the Certificates of H Deposit, notice is hereby115 words
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Advertisement401 1995-01-17 5 Tk e new LS4OO. Not only is tli e interior a conversation piece, it' s also tk e oest place to lio one. Tkere are some wko feel tkat tke art will surely turn to tlie astounding level of quietness. In tke LS, suck splendid comforts akound, of conversation is401 words
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REST OF ASIA
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412 1995-01-17 6 Reuter TOKYO Officials from Japan's ambitious but ill-starred space programme were left shaking their heads after a Ger-man-Japanese unmanned space capsule plunged into the Pacific Ocean just hours after its launch. "Regrettably, there's no denying that Japan's rocket was the cause ofReuter - 412 words
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302 1995-01-17 6 Reuter NEW DELHI Japan's Sony Corporation, making an ambitious Indian foray, will use high-quality televisions to woo consumers and use the nation as a production base for components, its president said yesterday. "Sony India will look to procure parts from theReuter - 302 words
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Article, Illustration56 1995-01-17 6 Reuter ShOL'L I wo women, students at the Brides School for Korean Wives, learning the delicate art of serving spaghetti as an American soldier, husband of one of the students, samples the finished product. Students learn everything from cooking to cashing a cheque to help themReuter - 56 words
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157 1995-01-17 6 AFP SEOUL The Samsung Group is likely to become the first South Korean conglomerate to set up a general-purpose business office in North Korea next month. News reports yesterday said a 10-member Samsung delegation had flown out of North Korea forAFP - 157 words
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357 1995-01-17 6 Reuter SEOUL South Korea's main opposition party, locked in intense factional strife, is on the verge of a split, with its leader threatening to quit and form a new political group. The squabble in the Democratic Party coincided with worseningReuter - 357 words
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ASIA NOTES
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Article93 1995-01-17 6 AP KARACHI The World Bank has approved two separate loans totalling US$49O million (*****.5 million) for energy development projects. The first loan of US$25O million is to help replenish a special fund for private sector energy projects, the Associated Press of Pakistan reported yesterday. TheAP - 93 words
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Article89 1995-01-17 6 AP SYDNEY The Australian government is trying to revive the fortunes of Broken Hill, a once-rich mining town in the Outback that is now slowly running out of ore. New South Wales state Mines Minister lan Causley said yesterday an airborne geophysical survey had beenAP - 89 words
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Article84 1995-01-17 6 Reuter SEOUL Two-way trade between North and South Korea rose 14.6 per cent in 1994 from a year earlier, and Seoul officials yesterday predicted a further rise for 1995 due to expected brisk economic exchanges between the rivals. "There will be many unpredictable factors, butReuter - 84 words
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Article109 1995-01-17 6 AFP COLOMBO Sri Lanka's fragile truce survived minor violations and was holding for its ninth straight day yesterday despite a setback to political moves aimed at resolving the island's protracted ethnic war. Police arrested two armed guerillas of the separatist Liberation Tigers of Tamil EelamAFP - 109 words
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96 1995-01-17 6 AFP SUVA Retailers yesterday warned that Fiji's infrastructure may be inadequate to cope with an influx of thousands of Hongkong Chinese migrants under a government-backed business migration plan. Government backbencher Ratu Inoke Kubuabola has joined growing opposition to the scheme, warning against the social and politicalAFP - 96 words
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Advertisement625 1995-01-17 6 -vv- V w-fc 6 Vi \-v- i rj, r LlFfsniM A EI X C L- U S E> -J i*"-- iiBKUKfIIJ —if A 1 BSSSbIIIIiIHS V 1| t si fix- s£ mm flB y> f K £pHBKC»JBiC*h^OHfINHIHQ^ A) Lutlwig van Beethoven B) Jotiann Strain* O Peter Ilyicfc Tchaikovsky D) Wolfgang625 words
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THE WORLD
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502 1995-01-17 7 NYT WASHINGTON Federal statisticians have begun the most ambitious effort since the 1950s to remedy mounting deficiencies in measuring the nation's economic performance. Analysts worry that the statistical system increasingly fails to capture the array of new technologies and structural changesNYT - 502 words
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464 1995-01-17 7 But planned constitutional amendment will hit middle-income group hard Reuter WASHINGTON The Federal Budget could be balanced by 2002 under a proposed constitutional amendment, but analysts say middle-income families would be hammered by huge spending cuts and likely tax increases. The Balanced Budget AmendmentReuter - 464 words
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Article, Illustration64 1995-01-17 7 Reuter LONDON Seven presenters who will feature on BBC World, the British Broadcasting Corporation's 24-hour international news channel, standing on the roof of the BBC headquarters here on Sunday. The presenters are (from left) Tim Sebastian, Nici Marx, Donald MacCormick, Melinda Wittstock, Philip Hayton, SueReuter - 64 words
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337 1995-01-17 7 AP WASHINGTON The new House Speaker's failure to abandon a book deal with a company owned by communications giant Rupert Murdoch could cost him his position, a top Democratic senator said on Sunday. "I strongly advise the speaker of the House to cut thisAP - 337 words
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351 1995-01-17 7 Reuter WASHINGTON A wealthy adviser to Brazilian President Fernando Henrique Cardoso arranged a loan that helped US Commerce Secretary Ron Brown buy a U*****,000 (*****,000) townhouse, US Alews A World Report magazine reported in an edition that hit newsstands yesterday. Cardoso adviserReuter - 351 words
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396 1995-01-17 8 AFP MEXICO CITY Criticism mounted on Sunday of a plan to use Mexico's oil receipts as collateral for a massive US economic rescue package, amid fears that Washington's helping hand may be a veiled grab for Mexican oil. Fernando Solana, theAFP - 396 words
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Article, Illustration53 1995-01-17 8 Reuter GAISSACH, Germany Young men from the Bavarian village of Gaissach taking to the air on Sunday in the annual traditional sledge race from the top of the 1,124-metre Schwaigeralm down to the valley. At the end of the slide is a jump when the sledsReuter - 53 words
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245 1995-01-17 8 Reuter NEW YORK Billionaire investor George Soros has become a controversial foreign policy power with his foundations promoting democratic ideals in Eastern Europe and with donations of millions to such countries as Ukraine and Macedonia. The New Yorker magazine, in its upcomingReuter - 245 words
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252 1995-01-17 8 FT BRUSSELS Leon Brittan, the EU trade commissioner, was due to launch a fresh debate yesterday on the future of the Common Agricultural Policy with the publication of four reports calling for radical reforms to prepare the way for the former communist countriesFT - 252 words
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365 1995-01-17 8 Claire Leow - Reports by Claire Leow SINGAPORE The global semiconductor industry reported sales of USS 109.7 billion (SSIS9 billion) last year, driven by demand for computer memory chips, according to preliminary figures from US market research firm Dataquest. The industry grew 28 per cent, against365 words
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378 1995-01-17 8 SINGAPORE Japanese and Asia-Pacific companies cornered almost three-quarters of the dynamic memory chip market last year, with the South Koreans staging an impressive march up the top 10 list. But in other memory chips such as flash products, the Americans hogged378 words
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91 1995-01-17 8 Reuter MEXICO CITY The Mexican government said on Sunday it had not bankrolled ex-president Carlos Salinas de Gortari's bid t# become president of the World Trade Organisation (WTO) although it had given him a helping hand. "In no case and in no either direct orReuter - 91 words
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69 1995-01-17 8 AFP JERUSALEM Prime Minister Yitzhak Rabin announced oil Sunday a week-long freeze on building work on settlements in the occupied West Bank. The freeze will last until the next regular cabinet meeting on Jan 22 when the issue will be discussed. BtM work onAFP - 69 words
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67 1995-01-17 8 AFP CAIRO Israel's nuclear arsenal and the military imbalance it creates in the Middle East is unacceptable to Egypt, Defence Minister Mohammad Hussein Tantawi said on Sunday. "Israel's determination to maintain a dissuasive nuclear force under the pretext of guaranteeing its security and in spiteAFP - 67 words
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Advertisement107 1995-01-17 7 GLOBAL ENTREPRENEUR FORUM'9S presents Some of the Best Minds John Kao Larry Farrelt Alan Kay Patricia Aburdene 4 fc# Chin-Nina Chu d v■ vvvv "Sr Poppy King i Nicholas Negroponte MMinn John Naisbitt u Nin 9 and many more speakers of substance, including Dr Naraongchai Arkasanee Stefan Bauer Robert Eng107 words
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Page 8 Advertisements
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Advertisement22 1995-01-17 8 It could only be the SINGAPORE Harriott. HOTEL Opening early 1995 320 Orchard load Singapore 0923 Tel: 735 SSOO Fax: 735 910022 words
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Advertisement100 1995-01-17 8 BEIJING SHANGHAI That^^ >. r^r->; GUANGZHOU J Jr 'i 'V -^'^$*;5 t fy '^f-r-* t 1 f M J ■"£> BANGKOK 1 Fly smooth as silk to 4 major cities in China, 18 times a week. For reservations call I -800 224 9977 UPDATED PROFIT LOSS BEFORE LUNCH! AM I100 words
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Advertisement62 1995-01-17 9 k U ft' 1 DON'T > C R A C K Wt PRESSURE L. mm •"Ljf Bate s j. Crushed and polished steel. m I Distinctive leather strap with it**- fBR J saddle stitching. Scratch--9p H resistant sapphire crystal '*'*< tßt S with magnified date indicator. I I Pi Water-resistant62 words
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Page 10 Advertisements
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Advertisement1062 1995-01-17 10 NuUUllgßeatsAßlld. WHERE to wine, dine and entertain OF Homtcooktd E H v Ph an 20 different sauces all-timeltalianfavourites A 11 antipasti, pizza and poccia. jWTr L PASTA RtESCA DA SAIXATOftE PTC LTD WM I• 30 BoatQay, S(0104)(0pen 94 housl T-d.- 532 6883/532 3810 *V K P *BkB33toyrftoeW*WiM, #ol-02/035(1027X1tt469 4920/*****73 350CWwdH,ShawHouk,IsetanScods,4ttitevd,S(0923)W-*****731,062 words
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LIFESTYLE
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Article, Illustration795 1995-01-17 11 Tinseltown USA ushers in cinema's second century with films that underestimate an adult's intelligence The Economist THIS YEAR marks the centenary of the birth of the cinema. Hollywood is celebrating it by reverting to a second childhood. Hardly any of its mainstream movies during the recent holidayThe Economist - 795 words
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Article, Illustration300 1995-01-17 11 CHATTERBOX" AP AP AP Reuter THE BOYS and the Big Man got back behind the Boss. The E Street Band, which backed Bruce Springsteen for 15 years before splitting in the late 1980s, reunited briefly to cut a pair of new tunes for a greatestAP; Reuter - 300 words
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Page 11 Advertisements
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Advertisement431 1995-01-17 11 WHERE TO WINE, DINE AND ENTERTAIN r El II IBlltlMMl r I I I ICU ""linj Olde English Eating House I I 277 Orchard Rd #02-38 Specialists' Centre S (0923) l|B I $2— CBDPASS! 1 »ooooooo«ft Vy J X. X Bjjjl When you spend $25/- or more at Fosters for431 words
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Page 11 Miscellaneous
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Miscellaneous400 1995-01-17 11 I WEATHER 1 Singapore: Fair and windy. Temperature (24-32*). Asia-PacMc M/U* Cead. ti«»l M/U* Cai BumaUM 39/15 (Sou* Auckland 21/13 Cloudy Amslerdam 02,00 Shower Ct*a§» 01/-4 Cloudy Bartotc* 34/20 Cloudy Athens 09/03 Cloudy Honolulu 27/18 Cloudy Beinnf -3/-7 Cloudy Bertei 1/-4 Cloudy Houston 21/08 Cloudy Bombay 25/16 Cloudy Bom 02/-2400 words
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Miscellaneous670 1995-01-17 11 I Ty ft PAftlA I iv w ifiimy National Geographic Special: Uons Of Darkness, 9pm, Cta 12 Dereck and Beverly Jourbert follow three male lions, brothers. for three years in Botswana. They track the siblings' quick win of territory and females, and glance at some of the lions they depose.670 words
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SPORTS
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Article, Illustration130 1995-01-17 12 AFP NEW YORK NFL playoffs am Saaday AFC: Pittsburgh 13 San Diego 17. NPC: San Francisco 38 Dallas 28. SAN FRANCISCO Australianborn media baron Rupert Murdoch denied rivals' claims he will lose US$6OO million (SsB7o million) televising US football, saying the US$l.5B billion deal was well worth theAFP - 130 words
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Article, Illustration19 1995-01-17 12 NEW YORK NBA aa Saaday: Boston 98 Sacramento 97; San Antonio 103 Dallas 108; Seattle 131 Portland 124.19 words
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Article, Illustration221 1995-01-17 12 HONOLULU John Morse, whose biggest golf victory had been at the 1990 Australian Open, won his Fust PGA title here on Sunday, making eagle on the final hole to win the US$l.2 million Hawaiian Open. Morse finished at 19-undcr par 269 for the tournament. He finished at four-under par221 words
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Article, Illustration132 1995-01-17 12 DAKAR Pierre Lartigue, the 46-ycar-oid Algeria-bom Frenchman, won the Dakar rally for the second 5r in a row for Citroen here on iday after his two main rivals blew up in the desert on the 10,000-km two-week marathon. Bruno Saby of France and Japan's Kenjiro Shinozuka were second and132 words
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Article, Illustration391 1995-01-17 12 MELBOURNE US$6.2 million Australia* Opea (selected) yesterday Mea's Ist rt 9-Jim Courier (US) b David Rikl (Cze) 6-4 6-0 7-6 (7-2); 7-Michad Stich (Ger) b Jeff" Tarango (US) 6-3 6-1 6-3; 13Andrei Medvedev (Ulur) b Leander Paes (Ind) 6-1 7-5 7-6 (7-4); Jan Siemerink (Neth) b Malivai Washington (US)391 words
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Article, Illustration137 1995-01-17 12 SAN DIEGO America's Cap trials oa Sarin Loots Vnttoa Cap (Challenger EMritha Series) lit rd (nth rirtory one point): Team New Zealand (Peter Blake) b France 2 (Marc Pajot) by 2 min 40 sax, Sydney 95 (Syd Fischer) b Rioia de Espana (Pedro Campos) by J mins 43 sec;137 words
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533 1995-01-17 12 America's Cup NYT SAN DIEGO It is a classic sight in America's Cup racing bright skies, rolling seas and sailors sitting like ducks in a row on the high side of a sailboat. But if New Zealand's TAG Heuer Challenge setsNYT - 533 words
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Article, Illustration619 1995-01-17 12 National Football League Playoffs AFP SAN FRANCISCO Forget about "Threepeats" There will be no third straight American football championship by. the Dallas Cowboys. Instead, San Francisco quarterback Steve Young will try to escape the final shadow of former 49er legend Joe MontanaAFP; Reuter - 619 words
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459 1995-01-17 12 UPI SAN FRANCISCO The NFC championship game was decided in the first five minutes because the San Francisco 49ers were more prepared to play football at 1 pm Pacific Standard Time than were the Dallas Cowboys. Once the Cowboys realised the gameUPI - 459 words
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Article, Illustration607 1995-01-17 12 Australian Open AP MELBOURNE Defending champion Pete Sampras and two-time winner Jim Courier both scored qukkfire victories as the Australian Open tennis championships began yesterday with results that strictly followed the form book. Sixteen seeded players were in action and all of themAP; Reuter - 607 words
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548 1995-01-17 12 AP NEW YORK The Super Bowl matchup between San Francisco and San Diego is already unique in two ways. It's the first one between two teams that play in the same state, and it's got the highest opening betting line of all 29 title games.AP - 548 words
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Article, Illustration357 1995-01-17 12 UPI PITTSBURGH Cliches abound in the world of sport and one that normally applies to the game of tennis fit nicely into the AFC championship game on Sunday. At the end of a close tennis match, the winning player often likesUPI - 357 words
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PROPERTY & CONSTRUCTION
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Article, Illustration815 1995-01-17 13 Florence Chong - After leading the market last year, some may be eyeing profits, writes Florence Chong Florence Chong SINGAPORE-based investors who spent more than As7oo million (SS77O million) on properties in Australia last year are expected to ease off the buying815 words
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Article183 1995-01-17 13 Selected transactions in the pest week {}y,* rr Dirtrfct Profrct Typ« Jan 9,1995 1335 BcaddelPark Walk-up apt 1100 FH 615,000 I 559 Jan 10,1995 1544 Neptune Court Condoapt 1636 99 I 638,000 390 Jan 13,1995 1545 Frankei Ave Semi-d 3150/3500 FH 706 Jan 9,1995 2260 j Jurong East183 words
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373 1995-01-17 13 Bloomberg Business News Property sales at Bangkok Land pic's satellite town project are behind schedule because the government bureaucracy can't keep pace with paperwork, the company's managing director said yesterday. Anant Kanjanapas said 10,000 housing units have been sold and areBloomberg Business News - 373 words
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678 1995-01-17 13 Abdul Hadhi - Despite the squeeze on margins, there is plenty of work to do, says Davenport Campbell. Abdul Hadni reports Abdul Hadhi WITH RISING competition, firms in the office design business are experiencing a squeeze on maigins. One of those affected but is doggedly678 words
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Page 13 Advertisements
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Advertisement98 1995-01-17 13 A company's strength lies in the Backbone of its staff. That's why the SyncroLine SL 8650 people of different heights and has the palat-ayachraaiaad toch- different weights. aology with taaaloa adjust* Mont faatura. The seat and back- Daa phia (S.E.A.) Pta Ltd rest automatically follow the 52 Gen,in Lant ffice98 words
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Advertisement223 1995-01-17 13 r 7 si v SINGAPORE INSTITUTE OF management 3TRATHCLYDi J V The MSc in International Marketing is a highly specialised two-year degree programme designed to produce graduates with advanced level academic expertise in international marketing. The programme is offered by the largest specialist marketing department in Europe the University of223 words
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Advertisement284 1995-01-17 13 INFillline In English Number Horoscopes (Daily) 8450 The Capricorn Employee; Win Prizes.' Entertainment News 8451 Battle Of Songs... Ghost Stories 8452 A Crack That Led To Death; Win Prizes! Children's Funland 8453 Michael Row The Boat Ashore Face Facts: Eyes 8454 Dreamland 8455 Fandi Ahmads Mental Picture; I Don't Like284 words
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Article485 1995-01-17 14 BDiTORtAL i THE changing of the guard in the US Congress, with the Republicans taking control after more than 40 years of Democratic dominance, is first and foremost a domestic political story. But since the US is the only remaining superpower and a central player485 words
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WHAT THE OTHERS SAY
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Article208 1995-01-17 14 THE ATMOSPHERICS were beguiling enough to suggest that last week's summit meeting between United States President Bill Clinton and Japanese Prime Minister Tomiichi Murayama was a heady success. But it was a ride to nowhere so far as the main dispute opening up the Japanese market208 words
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Article187 1995-01-17 14 MALAY-MUSLIM organisations should come forward to participate in a scheme to operate halfway houses for drug addicts. Under the scheme, to start from April, Score will give a grant of up to 80 per cent to renovate buildings and finance the administration of the halfway houses.187 words
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Article175 1995-01-17 14 THE FINANCIAL CRISIS sparked by Mexico's move to devalue the peso has aroused worldwide concern. Its negative impact on the financial markets of some newly industrialising economies in Asia also holds utmost significance. One of the most pressing tasks facing governments and economists of these175 words
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Article175 1995-01-17 14 REMEMBER the saying, "look before you leap"? This is the essence of Bank Negara Malaysia's first set of guidelines on the trading of derivatives by banks. The guidelines, many more of which can be expected to follow, are in the form of general policies to govern175 words
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Article159 1995-01-17 14 THERE IS no doubt that China is the market of the future. Foreign companies are falling over themselves to get in and stake their claim. Many are willing to lose a great deal just to have a stake in this market. But if China wants to159 words
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Article162 1995-01-17 14 IN A virtual re-enactment of the Latin American debt crisis of the 1980s, an eruption in Mexico threatens to set forth a tectonic fault line across the economies of the entire developing world. How "virtually" the troubles of the peso over the past fortnight will get162 words
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Article, Illustration825 1995-01-17 14 David E Sanger - David E Sanger finds the Treasury, Commerce Department and the US Trade Representative in the forefront as Washington conducts its business abroad David E Sanger NYT JUST HOURS after the Senate confirmed Robert Rubin as secretary of the Treasury lastNYT - 825 words
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Page 14 Advertisements
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Advertisement193 1995-01-17 14 INVESTING IN 1995 Million-dollar condos and their trimmings Infrastructure funds tap big money J Mr/MrvMisvMs. OccupatKxu J Getyourcopyofthismonth'sSingaporeßusiness I from your nearest newsstand or,ifyou prefer the A Td(f)i 4H| convenience ofdoorstep delivery, send in the pre-paid I I subscription form now. Building Name House Bik No: 1 Newsstand price: Ss4193 words
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Page 14 Miscellaneous
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Miscellaneous27 1995-01-17 14 pi V\ U CJ E fcPOC TOTWe COR 9)67 e AMOCUTtO MWIPtffM LTO. IM3-1«M POONESBURY GARRY TRUDEAU HONWW§«7r Tj ***** ANO&HANfiGB K/ ~w, I I ThGUSHTXXJ I27 words
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ANALYSIS
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Article, Illustration1240 1995-01-17 15 Peter Seidlitz - Peter Seidlitz interviews Qiao Shi who has never given an interview to a foreign correspondent since becoming a member of the top Chinese Communist Party body in 1987 ana asks him about the impending takeover of Hongkong and changes in China Peter Seidlitz1,240 words
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760 1995-01-17 15 Full ownership is more popular in China these days, but the joint venture is still very much alive THE TRAVAILS of joint venturing in emerging markets have led many foreign investors to conclude that full ownership may be a better760 words
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Page 15 Advertisements
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Advertisement30 1995-01-17 15 EThis article is reprinted from the Dec 5, IW4 issue of Business Asia. a fortnightly management report by The Economist Intelligence Unit (Asia) Ltd APPOINTMENTS ADVERTISEMENTS ATTRACT THE RIGHT CANDIDATE30 words
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Advertisement566 1995-01-17 15 > ffrTaa! I [^^^2E!3331 irnt i < llM Mr Ori#r s cr*#* HERMA *"*(—> I a A rk A LI mfnFnmVfnVHH P *«S OF 188 SHEETS: \i <a4 Ink-Jet Print Labels 381*212 65 6500 <Bio Lrt«lip« Orttf 483 x 169 64 6400 4811 Specially developed for »U» (WM| »heet/MC* No566 words
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467 1995-01-17 16 Reuter NEW DELHI American companies yesterday signed 10 deals worth US$l.4 billion (Ss2 billion) as India assured United States Commerce Secretary Ron Brown that it would press on with free-mar-ket reforms despite electoral setbacks for the ruling party. But US executivesReuter - 467 words
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445 1995-01-17 16 Amy Balan - From Amy Balan in KUALA LUMPUR THE derivatives industry is now more robust and activity is on the rise after a marked fall thanks to recent adverse publicity, J P Morgan's AsiaPacific head of swaps and445 words
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188 1995-01-17 16 Reuter HONGKONG Kleinwort Benson Securities (Asia) Ltd expects foreign investment in China this year to slow due to uncertainty about the business environment and the succession to patriarch Deng Xiaoping. Regional economist Alan McLean said in a report that disputes betweenReuter - 188 words
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Article, Illustration43 1995-01-17 16 Reuter GROZNY A handicapped Chechen woman grabbing a piece of meat from a dog in Grozny on Sunday during another day of heavy shelling by Russian artillery. Bystanders say the woman collects food from the streets to feed herself. ReuterReuter - 43 words
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266 1995-01-17 16 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR SINGAPORE is happy with Malaysia's economic success and the two countries should work as partners to take advantage of opportunities in the booming region. Deputy Prime Minister Lee Hsien Loong said yesterday. Speaking at a dinner266 words
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415 1995-01-17 16 Shada Islam - From Shada Islam in BRUSSELS EUROPEAN Commission president-elect Jacques Santer is hoping to end an unprecedented dispute with the European Parliament tomorrow by persuading more than half of the assembly's 600 members to vote in favour of his new415 words
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229 1995-01-17 16 BRUSSELS European Union finance ministers yesterday tried to breathe calm back into turbulent money markets by largely ignoring the issue and concentrating instead on homtmg economic growth and "Tk ratrt mm mdktmm m *41 The Spanish peseta and Portuguese229 words
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Article, Illustration618 1995-01-17 16 REGINALD DALE; REGINALD DALE - The Bottom Line REGINALD DALE REGINALD DALE The writer is a columnist with the International Herald Tribune, where this commentary first appeared IT IS ONE of today's cliches that the nation-state is being overrun by global economic forces. Multinational corporations are618 words
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126 1995-01-17 16 AFP TAIPEI Taiwan has drafted an agreement paving the way for direct trade and navigation with China, once the current ban is lifted, officials said yesterday. At the same time, China has also set up an organisation to deal with cross-straitAFP - 126 words
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Page 16 Advertisements
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Advertisement24 1995-01-17 16 f Nitsuko Digit .1 I He yphone Systems ~W Leading Edge ledinoli® IT/ L China ruling party's call to unite around Deng, Pg 424 words
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Advertisement10 1995-01-17 16 Brazilian set up loan for Ron Brown: report, Pg 710 words
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Advertisement258 1995-01-17 16 r I Distributor: Si 2SX P R L± uuinnn Fax: 27 8 78 9 8 Unlit; Service I Beijing Quality, I Singapore Reliability 1 Chinese -English Simultaneous Interpreting I Part of Khaw And Sons' Total Language Services If you need proven interpreters to assist you on your B visit to258 words
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COMPANIES & MARKETS
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EYE on your STOCKS
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Article, Illustration46 1995-01-17 17 Mix«d 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance. Baring, Daiwa, Fraser, GK Goh, Kay Hian, Morgan Grenfell, OngCo. Nomura, Phillip. Smith New Court, Wl Can and SG Warburg.46 words
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Article, Illustration155 1995-01-17 17 Paul Leo - By Paul Leo APPLYING wave theory to the monthly chart of Public Bank indicates that it is near the end of a three-wave correction which began from its all-time high at $3.62 a year ago. Support is likely to be around $1.90 and hence yesterday's close of $2.01155 words
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Article, Illustration340 1995-01-17 17 Shiv Taneja - By Shiv Taneja SINGAPORE Allied Phillip Capital Management the recently formed joint venture between local broker Phillip Securities and the fund management subsidiary of UK-listed Allied Irish Banks will launch its first local unit trust before the end of June. Allied340 words
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613 1995-01-17 17 Ruth Wong - From Ruth Wong in KUALA LUMPUR PUNCAK Niaga (M) Sdn Bhd, concessionaire for the billion-ringgit privatisation of Sclangor's state water supply, is shopping for a listed vehicle. Executive chairman Rozali Ismail said yesterday Puncak Niaga would obtain a listing status613 words
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782 1995-01-17 17 R Sivanithy - HOCK LOCK SIEW By R Sivanithy SINGAPORE With the recent plunges in stock prices, there have been mumbling in some quarters that the authorities here should facilitate the short-selling of stocks, especially since other regional exchanges have recently announced their intention to do782 words
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337 1995-01-17 17 Schutz Lee - By Schutz Lee SINGAPORE The WuxiSingapore Industrial Park (WSIP) in China will contribute to the bottomline of Singapore Technologies Industrial Corp (Stic) by 1998. The group's senior vicepresident and director of projects, Goh Song How, says the park will contribute337 words
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162 1995-01-17 17 SINGAPORE US broker Salomon Brothers says it is overweight in six out of eight Asian equities markets, on the expectation of better returns from regional markets in 1995 compared with last year. But it is underweight in Hongkong and neutral in Malaysia,162 words
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COMPANIES
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COMPANY BRIEFS
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82 1995-01-17 18 SINGAPORE Heshe Holdings will hold an extraordinary general meeting on Feb 3 to table resolutions to acquire interests in three Chinese ventures for 135 million renminbi (5523.1 million) from a Tan Sim Chew. Heshe is proposing to buy 75 per cent of FUN (Xiamen)82 words
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Article81 1995-01-17 18 SINGAPORE Cosco Investment (Singapore) Ltd said yesterday that 99.71 per cent of its 60 million rights shares were accepted, and excess right shares applications were received for 2.06 per cent or 1.24 million shares. The 176,000 rights shares not accepted by shareholders will be allocated for excess81 words
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Article66 1995-01-17 18 SINGAPORE Econ International said yesterday the exercise price of 39.3 million warrants to subscribe for new shares in the company has been set at 65 cents for each new share. The warrants may be exercised from the date of listing up to 5 pm on Jan66 words
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Article72 1995-01-17 18 SINGAPORE United Overseas Bank Group said yesterday the percentages of foreign shareholding at the end of fourth quarter 1994 were as follows: UOB 39.96 per cent, of which 39.02 per cent were held by foreigners and 0.94 per cent by locals; Industrial Commercial Bank Ltd 1.4772 words
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Article33 1995-01-17 18 SINGAPORE DBS Asset Management said yesterday the unaudited net tangible asset backing per preferred share of the Thai Prime Fund was U5522.73 (5533.18) as at Jan 13, 1995.33 words
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Article836 1995-01-17 18 Payment Ex Books Pay date close date AISB SO* b 3 Jan 6 Jan 20 Jan 27 Asia Pacific F 20N Feb 6 Feb 10 Feb 22 Avimo 20* F I2.5TE Marl Mar 7 Apr 15 Bcrjaya Group F 6 Dec 12 Dec 27 Jan 26 Cam Mccti 10- b836 words
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482 1995-01-17 18 Loh Hui Yin - From Loh Hui Yin in BANGKOK ON A day when investors trod warily after panic selling last week, the debut of energy stock Electricity Generating Public Co (Egco) provided the only bright spot on the Thai stock market yesterday.482 words
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323 1995-01-17 18 MBT KUALA LUMPUR Islamic securities broking, fast becoming a viable alternative to conventional broking, is drawing growing interest among institutional investors. The service, in which both the counters and the way business is transacted comply with Islamic principles, has already gained a followingMBT - 323 words
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258 1995-01-17 18 Bernama KUALA LUMPUR CadCam Systems Pte Ltd, a Singapore based wholly-owned subsidiary of Uniphoenix Corp Bhd, yesterday signed an agreement with Pyramid Technology Corp of the US to act as regional distributor for the Pyramid range of computer system products. Under theBernama - 258 words
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Article, Illustration329 1995-01-17 18 AFP KUALA LUMPUR Malaysia Airlines (MAS) sealed a 10year partnership pact with Britain's Virgin Atlantic Airways yesterday that will break the British Airways-Qantas monopoly on routes between London and Australasia. The code-sharing agreement was signed in London between the chairman of theAFP - 329 words
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296 1995-01-17 18 MBT KUALA LUMPUR Metacorp Bhd has forecast a pre-tax profit of M 522.45 million (5512.8 million) for the financial year ending Dec 31, 1995, with its proposed land acquisition and rights issue. The company has proposed to acquire 303.75 ha of land in Bukit KatilMBT - 296 words
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358 1995-01-17 18 Bernama PETALING JAYA Malaysian Oxygen Bhd (MOX) will commission four new plants valued in excess of M$ 120 million (Ss6B million) this year as part of its plans to increase production capacity. Chairman Omar Yoke Lin Ong said yesterdayBernama - 358 words
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307 1995-01-17 18 MBT KUALA LUMPUR Empire East Land Holdings, a subsidiary of Manila-based Megaworid Properties and Holdings, is making an initial public offering (IPO) as part of its flotation on the Manila Stock Exchange in the second quarter. Foreign investors have been invitedMBT - 307 words
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133 1995-01-17 18 Bernama KUALA LUMPUR Malaysia Mining Corporation Bhd is set for another year of change, challenge and business diversification with its investments in National Consolidated of Australia and the Djajanti Group of Indonesia, which will open up further new and exciting ventures for the group.Bernama - 133 words
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527 1995-01-17 18 MBT KUALA LUMPUR Even though Road Builder (M) Bhd is considered a rather low-profile company with a relatively small paid-up capital, it has been rated a medium-term buy at MS 12 and below. This ranking has been accorded by investment advisory company Capital Dynamics SdnMBT - 527 words
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633 1995-01-17 19 Reuter BEIJING Intense competition for capital will pry open opportunities for foreign vendors in China's vast, largely unexploited and tightly protected telecommunications market. GTE Corporation's chief financial officer Michael Kelly yesterday said: "There is such a demand for capital around theReuter - 633 words
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Article, Illustration326 1995-01-17 19 Reuter ATLANTA Turner Broadcasting System Inc (TBS) said on Sunday that talks with General Electric Co (GE) about a possible merger with NBC have broken down because of disagreements over who would control the resulting company. The Atlanta-based cable television programmer, which ownsReuter - 326 words
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COMPANY BRIEFS
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Article79 1995-01-17 19 Bloomberg Business News LONDON BBA Group Pic, the UK automotive, aviation and industrial engineering company, said it will buy Exxon Chemical Ltd sUK textile unit, Terram Ltd, for £11 million (Ss24 million) in cash. BBA said it will acquire Terram Ltd, based in southBloomberg Business News - 79 words
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Article89 1995-01-17 19 Reuter HONGKONG Power generator maker Dongfang Electrical Machinery Company Ltd said it had lost 13 million yuan (552.2 million) because of changes in the exchange rate of the Chinese currency and that its 1994 profit might be less than forecast. The company said the projectionReuter - 89 words
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41 1995-01-17 19 Reuter HANOI Coca-Cola Indochina brushed aside a local news report on Monday that it might have to change plans for a bottling plant in central Ho Chi Minh City at the request of local authorities. RcuterReuter - 41 words
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74 1995-01-17 19 Bloomberg Business News ZURICH Grands Magasin Jclmoli SA, the Swiss retail store 1994 sales rose 15 per cent, or 234 million francs (***** million), to 1.75 billion Swiss francs. Jclmoli said the increase came mainly from its department store business, travel business and itsBloomberg Business News - 74 words
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50 1995-01-17 19 Bloomberg Business News PARIS Remy Cointreau SA, the French cognac maker, said its first-half net profit rose 5 per cent to 135 million French francs (SS36 million) from 129 million francs previously. For the nine months through December, sales were up 7.5 per cent.Bloomberg Business News - 50 words
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64 1995-01-17 19 Bloomberg Business News LONDON Tomkins pic, the UK conglomerate which makes products ranging from handguns to bicycles, has reported a 22.1 per cent rise in first-half pre-tax profit to 114.5 million (SS26O million) as earnings improved at all units. Tomkins shares were up 6 pence,Bloomberg Business News - 64 words
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196 1995-01-17 19 Saatchi Saatchi may change name Reuter LONDON Beleaguered advertising company Saatchi and Saatchi Co pic may change its name after the group's first board meeting since Maurice Saatchi was ousted as chairman before Christmas. The Financial Times yesterday said that non-executive director Tom Russell was among those planning to pressReuter - 196 words
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398 1995-01-17 19 MARKET WATCH Eastern Express VANCOUVER The Vancouver Stock Exchange's (VSE) long-awaited Asian board has suffered a major setback with its only listing, Bclcarra Motors, announcing the collapse of its share issue, throwing into doubt the future of the muchvaunted board. Belcarra, which listedEastern Express - 398 words
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329 1995-01-17 19 Reuter NEW YORK Panellists on Barron's 1995 Roundtable have mixed views about the direction of the stock markets this year but say there are many undervalued stocks which present buying opportunities, the weekly said. Mr Felix Zulauf, a global portfolioReuter - 329 words
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345 1995-01-17 19 Bloomberg Business News HONGKONG The embattled MKI Corp said yesterday that Hongkong regulatory authorities had no right to have it liquidated, as the Securities and Futures Commission (SFC) alleged the company was being run by shadow directors. The argumentsBloomberg Business News - 345 words
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248 1995-01-17 19 Bloomberg Business News HONGKONG Fromatome Connectors France and Britain's GEC Alsthom have been awarded contracts worth 10 billion French francs (552.7 billion) to build a second nuclear power plant in China's southern Guangdong province. The State Development Bank of China, one of, three government-backed policyBloomberg Business News - 248 words
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FINANCE & COMMODITIES
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410 1995-01-17 20 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE The number of American Depositary Receipt (ADR) programmes set >up by foreign companies in the US more than doubled last year, when 265 companies from 44 countries launched such schemes. According to figures compiled by410 words
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202 1995-01-17 20 Soh Tiang Keng - By Soh Tiang Keng ...SINGAPORE Daiwa Merchant Bank (Singapore) has launched a US$5O million (5572.5 million) fixed-rate guaranteed note its first bond issue in the Asian capital market. Proceeds of the nine-year bond, with a coupon rate of '8.75 per cent, will be202 words
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Article, Illustration311 1995-01-17 20 Reuter SINGAPORE Indonesia supports any new coffee retention plan that may be formulated by the Association of Coffee Producing Countries (ACPC) to counter currently felling world prices, govern- ment and industry officials said. "Indonesia in principle supports any ACPC plan toReuter - 311 words
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306 1995-01-17 20 Bloomberg Business News SYDNEY Australia's largest insurer, the Australian Mutual Provident Society (AMP), said premium incomes from worldwide operations rose last year, reflecting the improved economies in Australia and New Zealand. The insurer said total premium income grew 6.8Bloomberg Business News - 306 words
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308 1995-01-17 20 FT LONDON Further rises in chemical prices are on their way, say producers, in spite of the heavy pressure that last year's increases is already exerting on many chemical companies' profit margins. On the European spot market, methanol prices have risen by 400FT - 308 words
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SMALL CHANGE
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Article68 1995-01-17 20 Reuter WELLINGTON Investment bank DFC New Zealand Ltd, which collapsed in 1989, will repay NZ$l43 million (SSI3I million) as interest on its NZ$l.l billion of Tier 2 new debt, the statutory managers said yesterday. Payment will be on Jan 31 when all current interestReuter - 68 words
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Article67 1995-01-17 20 Bernama KUALA LUMPUR Arab Malaysian Finance Bhd (AMFB) has received a long-term rating of A 2 and a short-term rating of PI from Rating Agency Malaysia Bhd (RAM). The A 2 rating indicates adequate safety for timely payment of finacial obligations while the secondBernama - 67 words
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64 1995-01-17 20 Reuter LONDON General Accident Life yesterday said it has become one of the largest processors of life assurance business in the UK following the start of its administrative contract with Halifax Building Society last week. GA Life said in a statement that its link-upReuter - 64 words
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87 1995-01-17 20 Reuter WARSAW Poland's biggest privatisation offer, in Bank Przemyslowo-Handlowy. was undersubscribed but purchases by underwriters and company employees will take the bank out of government control, officials said on Saturday. Wieslaw Rozlucki, the Warsaw bourse president, told a news conference that at a special bourseReuter - 87 words
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368 1995-01-17 20 Bernama KUALA LUMPUR Bank lndustri Malaysia Bhd hopes to launch Malaysia's first ExportImport Bank (Exim Bank) in June. Abdul Rahman Arshad, the bank's chairman, yesterday said the Malaysian Exim Bank, which was expected to have a capital requirement of MS 120 millionBernama - 368 words
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304 1995-01-17 20 ENERGY REPORT Reuter LONDON World oil prices stood littlc-changed and within a well-established trading range yesterday as the market appeared equally balanced between the bulls and the bears, traders said. Brent crude futures for March delivery on the International Petroleum Exchange (IPE) were upReuter - 304 words
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Article203 1995-01-17 20 Reuter LONDON The dollar closed slightly lower on the mark and the yen after a dull European session, dominated by the mixed fortunes of a resilient lira and a shaky peseta. With Japanese markets shut for a holiday and US markets thinly staffed during a partial holiday,Reuter - 203 words
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Article99 1995-01-17 20 Reuter NEW YORK The dollar opened higher against the mark but was lower against the yen in quiet dealings. Many US banks were thinly staffed in observance of the Martin Luther King holiday. "The dollar is pretty quiet," said Scott Cozzens, vicepresident at Chemical Bank. He expected theReuter - 99 words
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Article, Illustration1583 1995-01-17 20 I ratle xrtfhnil index > ak ttlalnl agumtl S'pure's lop 14 tradinx partner* I Ban" year 19H5 US$/S$ forward rates Noon Jan 16 S$ Bid Oder 1-month ***** 1 4461 2-month 1.4415 1.4430 J-monlh I 4392 ***** 6-month 1.4303 1.4323 Sounr OC BC Source: OCBC FOREIGN CURRENCY NOTE RATES As1,583 words
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COMMODITIES & FUTURES
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Article1162 1995-01-17 21 SMEX REPORT SINGAPORE Simex Eurodollars ended with an easier tone after rising in early trade as traders adjusted positions according to their outlook for US interest rate hikes. Some traders have become more bullish on the prospects for Eurodollars as signs emerge that the US1,162 words
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648 1995-01-17 21 COMMODITY REPORTS Rubber Singapore: Rubber futures closed higher across the board in moderate trade on some buying support, brokers said. "Prices were marked up slightly but trade was thinned by the closure of the Japanese market. There were more buyers than sellers but volume648 words
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82 1995-01-17 21 NEW DELHI The Indian government has banned re-export of white sugar to keep adequate sugar stocks within the country to meet any domestic shortage, according to a government statement. The notification late Friday from the Directorate General of Foreign Trade will stop re-export of82 words
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84 1995-01-17 21 SYDNEY Japanese crusher fears of continued strong premiums are likely to trigger further soybean buying this week, but elsewhere in the Asian region business is tipped to be quiet. In Taiwan, the Hui Shung group is expected to re-enter the market to fill a combination84 words
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67 1995-01-17 21 KUALA LUMPUR Malaysia's December crude palm oil output was 659,328 tonnes, down 2.35 per cent from a month earlier, but up from 564,588 tonnes a year earlier, the Palm Oil Registration and Licensing Authority said. Output comprised 513,183 tonnes from peninsular Malaysia, down 1.5467 words
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Article76 1995-01-17 21 NEW DELHI The Indian government has allowed the government-run State Trading Corp to import 150,000 tonnes of palm olein, the Econdtnic Times newspaper said. It said the cabinet committee on prices had authorised State Trading Corp to import palm olein at a concessional duty76 words
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Article1430 1995-01-17 21 Rubber Singapore Commodity Exckongc (futures dosing as at S.3tpa) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sen (tonnes) Interest Feb 95 I 248.00 825 Mar 248.50 244 00 249.50 600 1125 Apr 253.50 ***** 251.50 275 3850 May 253.50 250.00 251.50 275 3900 Jun1,430 words
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REGIONAL STOCK MARKETS
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Article1028 1995-01-17 22 +20.3 The Australian share market closed markedly firmer yesterday in its most impressive advance so far this year, after a sharp rise on Wall Street, brokers said. "It was obviously helped by the US rises on Friday evening," Shaw Stockbroking's Jamie Spiteri said. The key All Ordinaries Index finished1,028 words
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Article612 1995-01-17 22 +2.37 Stocks ended a four-day slide as local investors raised bids, convinced that the Mexican economic crisis has few implications for the Philippines, analysts said. But foreign investors are still staying away from the market, which brokers said will prevent any rally from being sustained for the remainder of612 words
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Article558 1995-01-17 22 +25.35 Taiwan share prices finished slightly higher on a mild technical rebound after recent plunges, brokers said. The index ended up 25.35 points or 0.39 per cent at 6,536.65, off a 6,473.06 low. Turnover was a thin NTS4I billion. "The index has fallen so much recently that it is558 words
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Article150 1995-01-17 22 +57.90 Share prices closed higher on the Bombay bourse on stray individual and local mutual funds buying in a low volume market, brokers said. The Bombay Stock Exchange 30-share Index rose 1.61 per cent or 57.90 points to close at a provisional 3,661.56. The broader 100-share National Index gained150 words
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Article456 1995-01-17 22 -11.68 Stock prices fell broadly for the third straight trading day due to continuing fears of a liquidity squeeze and lack of confidence about market direction, brokers said. The leading index closed 1.2 per cent or 11.68 points lower at 957.88, just ofT a day low of 957.70. "The456 words
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Article313 1995-01-17 22 +5.47 The share market, in the dol- drums so far this year, could only post an insipid gain despite the healthy 49.46 point rise on Wall Street on Friday. "There isn't any news," bemoaned Hendry Hay Mcintosh broker Jeremy Ashcroft. He cited late selling from Asian investors concerned313 words
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WORLD STOCK MARKETS
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Article641 1995-01-17 22 +28.4 UK share prices ended firmer, led by blue chips and responding to continuing Dow strength as FTSE futures gains lifted the March contract to the psychologically important 3,100 level, dealers said. The FTSE 100 Index closed 28.4 points higher at 3,076.7 but turnover was a modest 540 million641 words
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Article156 1995-01-17 22 +18.83 French shares finished near their session highs after a rally inspired by a big advance on Wall Street. "It's all due to the dollar and to Wall Street," a trader said. But he said the bourse was still fragile. Dealers said the market is waiting for Prime Minister156 words
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Article201 1995-01-17 22 +30.02 German shares close floor trade near session highs, supported by firm DAX future, low-volume short-cov-ering, dealers said. Gains were triggered by firm Wall Street close. Shares are seen inching higher in post-bourse trade but dealers are sceptical gains will hold. The DAX is seen locked in range of201 words
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Article120 1995-01-17 22 +o.BBpc Swedish shares closed higher but below the day's highest levels as investors collected some profits in the afternoon. Dealers said lower debt market yields boosted the market. "The positive trend which started in the new year continues and is likely to last the rest of the week,' one120 words
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Article161 1995-01-17 22 +4.51pc A euphoric leap by Milan shares powered prices higher as the market saw an end to the political deadlock as Prime Minister-designate Dini started grouping his cabinet. The Mibtel Index was up 4.51 per cent, and the MIB-30 Index jumped 5.25 per cent as blue chips benefited from161 words
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Article265 1995-01-17 22 +2.77 Dutch shares closed higher, lifted by the firmer dollar and Friday's rally on Wall Street, but they ended off the session's peak as profittaking eroded early gains in reasonable volume despite a US market holiday. Dealers said uncertainty over the timing of the next interest rate hike in265 words
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Article176 1995-01-17 22 +5.15 Belgian shares closed with small gains, ending a fiveday losing streak, and with buyers returning to many of the leading stocks that suffered last week. Strength on Wall Street, on Friday and again yesterday, helped European stock markets in general, but dealers noted that Belgium lagged behind other176 words
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Article267 1995-01-17 22 -4.03 Swiss shares ended a listless day little changed after prices remained in the current range of 2,580 to 2.640 points in the blue-chip. SMI Index. No change in this mar- ket attitude was seen in days to come. The broad SPI Index was down 4.03 points to 1,698.78.267 words
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Article307 1995-01-17 22 -27.9 South African gold shares posted sharp losses yesterday to leave the Gold Index almost four per cent ofT on the day after buyers steered clear of the market following renewed bullion declines, dealers said. They said bullion and continued concern about emeiging markets following Mexico's recent crisis had307 words
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Article254 1995-01-17 22 +9.40 Stocks rose in quiet early trading, aided by strength in financial services, conglomerates, and real estate. The TSE 300 Index was up 9.40 points to 4142.80 on volume of 8.0 million shares valued at C 5135.5 million. Advancing stocks outpaced declines, 184 to 170, with 189 issues unchanged.254 words
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Article677 1995-01-17 22 +16.15 The Dow Jones Industrial Average, which surged 49.46 points on Friday, was ahead 16.15 points to 3924.61 at 11 am EST. The New York Stock Exchange Composite Index was ahead 1.10 to 255.05, while Standard Poors 500-stock Index was up 2.18 to 168.15. Advances topped declines 1,097-656677 words
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Article663 1995-01-17 22 Britannia Funds Sterling <ash Bid Offer Mim Cap Deposit J* MOO 18 6500 Mini Jersey Gill 0 1893 0 1992 Mim Mi. Income *0 9000 *0 >>400 I Si Cash Income Plus Fund 9 5900 10 1100 PS Reserse Fund 5 3700 5 3800 Sterling Kqaity Euro Performance 0 4592663 words
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Article, Illustration2801 1995-01-17 23 AFP HONGKONG Stock prices rebounded strongly yesterday on bargain hunting after last week's heavy selloff, with the key Hang Seng Index gaining 251.90 points, or 3.47 per cent, to close at 7,504.24. A total of HKS2.BIO billion worth of shares changed hands, down from Friday's HK53.654 billion. Brokers saidAFP; Source: Bridge Info - 2,801 words
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Article, Illustration521 1995-01-17 23 CLSA HONGKONG H shares ended slightly higher, with the CLSA H Index up 2.1 per cent on turnover of HKS4S.B million. Some counters, including Bohai Chemical, recovered their previous losses. Yizheng was the biggest gainer, up 5.7 per cent over last Friday's close. Chengdu Cable was the most activelyCLSA - 521 words
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Article, Illustration1621 1995-01-17 23 Reuter BANGKOK Thai stocks closed slightly higher on bar-gain-hunting in telecommunications and banking sectors in particular, brokers said. Buying interest was strong in new debut Electricity Generating which closed at 60 baht, up 173 per cent from its IPO price of 22 baht. The stock got a boost whenReuter; Source: Bridge Info - 1,621 words
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Article, Illustration1132 1995-01-17 23 Reuter JAKARTA Share prices rebounded moderately on local support after the government quashed market speculation over a possible rupiah devaluation, brokers said. "Confidence among the local players seemed to have recovered after the strong government statement to defend the rupiah. But offshore players have not felt comfortable with theirReuter; Source: Bridge Info - 1,132 words
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Article2288 1995-01-17 24 Gr Gr 994*5 last Vol Day LM Quote I*. IMr \ld Net M Cap High Low Company Sale (TOO) High ixn. Bayer SHkr Or S P/fc Smil MALAYSIAN STOCKS 398 160 m MSB 50c 238 id -I 16 240 238 232 240 3.0 -2.9 0 4 24.4 2062,288 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6315 1995-01-17 24 AFP KUALA LUMPUR Malaysian shares closed off their day's high yesterday as chastened investors quickly sold for profits, unconvinced the rise could signal the battered local bourse was on the mend, brokers said. The Kuala Lumpur Stock Exchange's 86-share weighted Composite Index surgedAFP; Source: Bridge Info - 6,315 words
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STOCK EXCHANGE OF SINGAPORE
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Article7659 1995-01-17 25 Cr Gr M Wl !**W l«l Vol Da, La*l Qaoie IM» D»» VU MM Cm A»g »%h Lo« Company Sale 0001 High Low B»rr Seller CV P/E tail Price INDUSTRIAL AND COMMERCIAL 720* 408 ml s Ac ma SOc 414 +4 252 424 412 414 416 88 4.7 I.I 1)27,659 words
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Article, Illustration1852 1995-01-17 26 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Share prices, particularly those of property counters, rebounded from last week's heavy sell-off but the buying was not strong enough to sustain the market as caution still prevailed. With the lingering threat of another round of interest rate hikeCharts by Bridge Info; Source: Bloomberg - 1,852 words
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Page 17 Advertisements
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Advertisement260 1995-01-17 17 NEWS VALUE Asian markets rise as peso crisis eases (pg 1) So the markets didn't rip. But whether the rebound can be sustained is anybody's guess. Govt acts te prevent misuse of vehicle quota system (pg 1) With the regulatory and COE picture clearer, distributors can now get on with260 words
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Advertisement60 1995-01-17 18 Renowned Brpnd Worldwide mw lH Pw jj/U t '^r Far East Sole Agent: South-East Asia Agent: Available in Department Stores ax) Shoe shops YUEN CHEONG SHOE CO.. LTD. YAT WANG PTE. LTD. m China Hong Kong. Indonesia. Macau. Malaysia. Tat (852) 2 562 0221 Fac (852) 2 565 8209,880 540460 words
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Page 19 Advertisements
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Advertisement128 1995-01-17 19 We provide shelf companies and incorporation services in ALL jurisdictions, including British Virgin Islands Cook Islands Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For further128 words
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Advertisement184 1995-01-17 19 v >• I x i>-c K <fV ■> N "Vx.Y'ir *C 5 > 1 3 v>«f. The Golden Age... An em dedicared to rhe penpecTion op Time. In iB6O, Jacques Didisheim set up a watch company in La Chaux de Fonds, Switzerland. He named it Juvenia to conjure up a184 words
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Advertisement530 1995-01-17 21 nroTTTTTI IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND M THE MATTER OF MARINEX ELECTRONICS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of the Companies Act. Cap. 50 that the Final Meeting of Members of the Company530 words
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Advertisement9 1995-01-17 21 The Tokyo market was closed yesterday for a holiday9 words
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Advertisement62 1995-01-17 21 As and when the latest London/ Rotterdam prices are not available; the previous trading day's closing figures are carried instead. i Financial 3 News ssss—.in if A Quick Look At The Markets Call 24 houis a day for SES A KLSE midday reports. closing world market reports if and business62 words
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Advertisement6 1995-01-17 22 HXTRA SPHCIAL IN l\:' i; SI-NSK6 words
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Page 23 Advertisements
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Advertisement43 1995-01-17 23 r~ I REGIONAL ANALYSIS Every Wednesday, in Business l imes The Tokyo market was closed yesterday for a holiday STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. rr Business Times WE KNOW ASIA43 words
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Page 24 Advertisements
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Advertisement9 1995-01-17 24 YOU'VE GOT THE WHO IE WORLD IN YOUR HANDS9 words
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Advertisement61 1995-01-17 25 s WATCH FOR THOSE WITH N^ ATCH rt,o E T V y ELLERY (S) PTE LTD CHOPARD BOUTIQUE: WISMA ATRIA 435 Orchard Road #02-36 Singapore 0923 Tel: *****51. DICKSON WATCH JEWELLERY: THE PROMENADE re ar oad #01-03 Singapore 0923 Tel: *****00 CENTREPOINT 176 Orchard Road #01-05/06 Singapore 0923 Tel: *****2261 words
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Page 26 Advertisements
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Advertisement208 1995-01-17 26 TAT LEE BANK LIMITED Pursuant to Article 5(1) of the Articles of A**ociation of toe Bank, k is hsreby announced that declarations received by the Bank aa at 31st December 1994. regsrdtogtosbeneflcM ownership of the issued share capital of 9ta Bank held by foreign persona constituted 4.21% toareof. BY ORDER208 words
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Advertisement229 1995-01-17 26 f THE COMMMES ACT, CHAFIEWSS 9BCTKM nap)pi MmwMoumsa VOLUNTARY UQUBATKM) f* si aornrarary (jtmri Maattng of Malhaaon RoQlona HokSngi Pte LU hald at 4. Shaman Way. #17-00. Shtog Kwar Houaa, Singapore 0106 on Sa 11#i day of January 1986, too totMtng tfmad RESOLVED: 1. TTwtVia Company bawoml up voluntarily and229 words
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Advertisement727 1995-01-17 26 BUSINESS TI M E S NOTICES TOLL-FRBBTBL. No. PAX: -1296 M THE MATTER OF THE COMPAMES ACT, CHAPTER 80 TRUER MWQAPOnC PTE LTD VOLUNTARY UQUBATION At an ExtraorcSnary General Meeting of the Company deemed to be heid at Bfc7SOE #07-01 K& CM Chee IndueMal Comptax, Singapore 1646 on the 11727 words
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SHIPPING TIMES
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302 1995-01-17 27 Rahita Elias - By Rahita Elias SINGAPORE National carrier Neptune Orient Lines has signed its fourth 12-year time charter with Bayway Refinery Co of the United States, and expects to rake in $47 million in revenue for the four charter contracts in the first year. "The302 words
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238 1995-01-17 27 SINGAPORE Pacific International Lines (PIL) will appeal against the Philippine coast guard's decision to issue sole blame for last month's collision with a ferry on its ship Kota Suria. PIL executive director for corporate development Eric Khoo said yesterday: "PIL is greatly238 words
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Article358 1995-01-17 27 KnightRidder NEW YORK The tanker market came alive in late trading on Friday as charterers reached out and booked tonnage from a number of areas, brokers said. In the Caribbean, American Petrofina booked the Skaunord for a Jan 17, 73,000-tonne cargo from the east coast ofKnight- Ridder - 358 words
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485 1995-01-17 27 Knight-Ridder NEW YORK Three unions last week sued the US Transportation department to overturn its approval of American President Lines' plan to operate six new container ships under foreign flags instead of the US flag. The unions' lawsuit stems from US Maritime Administration'sKnight-Ridder - 485 words
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604 1995-01-17 27 Page Col Able Shpg 7 4/5 Accord Group 8 1-3 •Ahlers Lines 13 3 Ahrenkiel Liner 4 1/2 •Appenship 4 4/5 •ANL 3 4/5 •ASCL 5 5 Astro Shpg 8 4 Avant Shpg 6 4/5 •Bank Line, The 9 5 Batamindo 7 3604 words
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490 1995-01-17 27 Ramesh Divyanathan - rhis is a fori night /> column that highlights important shipping court cases By Ramesh Divyanathan SINGAPORE An employer can claim indemnity from a shipowner, under the Workmen's Compensation Act, for compensation paid to workers injured or killed on a ship. The490 words
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363 1995-01-17 27 The Nation BANGKOK The Port Authority of Thailand's board of directors has approved seven projects, including three urgent projects to develop Laem Chabang Commercial Port. The PAT board agreed last month that the Supreme Command Headquarters (SCHQ) would be allowed to use anThe Nation - 363 words
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Article1239 1995-01-17 28 A 22 points rise took the Baltic Freight Index to a record high 2,060 points on Friday, exceeding the previous record of 2,043 set on December 13, 1994. Brokers, without pinpointing a singular future, said the rise reflected good all-round strength in the panamax sector, particularly in the1,239 words
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Article, Illustration1363 1995-01-17 29 Delayed work as well as new regulations and stricter classification requirements are helping to improve the industry's situation Seatrade Review Monthly PESSIMISTS would no doubt point out that recovery in the shiprepair sector has been forecast for the past couple of years andSeatrade Review Monthly - 1,363 words
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11553 1995-01-17 36 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. IFW> PN: ship calls11,553 words
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Article, Illustration1105 1995-01-17 39 Japan's commercial vehicle industry is set to see its most profitable year since 1990 FT AFTER four years of falling sales, Japan's commercial vehicle industry is enjoying improved sales as the country's economy recovers. In addition, stiffer emission requirements are forcing the retirement ofFT - 1,105 words
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Article3303 1995-01-17 40 A iTJLBt C ontainerline NV: Belsin Shpg Agencies Pie Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) \hrenkiel Liner Service Kim Shpg Trdg (S). Albntros Sea-Air Service: Frata Shpg Pte3,303 words
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Article276 1995-01-17 40 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travel Td: 533-5771. Fax: 535-6144 Airborne Freight C orporation Tel: 542-8844 Fax: 542-3716, *****80 Airswift Worldwide Courier Td: 278-0188. Fax: 273-8283. AJS Supplies Td: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Td: 344-3377. Fax: 345-6450 Cluster Link Supplies Services276 words
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Article1536 1995-01-17 40 Abex Fx press Freight Td: 542-7171. Fax: *****84 Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Sii*apore Td: 542-7822. Fax: *****20. Acroliak Freight International Td: 545-8033 Fax: *****05 Acraspral Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06 Air Express International Td: 542-7666. Fax: *****74. *****50.1,536 words
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Article2539 1995-01-17 41 ARGENTINA Rosarkx One vessel berthed awaiting orders, barges discharging soya, no vessels in roads, 9 vessels due at 4 terminals within the next week. San Nicolas: Three vessels berthed loading coils, barges discharging coal, no vessels in roads, 7 vessels due within the next week. Buenos /Vires: Twenty-one2,539 words
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Article1126 1995-01-17 41 CRUISE FERRY SCHEDULES CRUISE SHIPS Art Pep Name of Vessel ETA LID Ports of Calls Port Agent Telephone No JANUARY 17 17 Calypso 0700 1800 Port Klang Gulf Agency (S) 225-6942 17 17 Nautican 0900 2000 Cruise to Nowhere Lines Int'l Holdings 276-7175 17 17 Renaissance I MOO 2000 Cruise1,126 words
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Article1600 1995-01-17 41 THERE has been no let up in activity during the holiday period and we enter the new year with a major emphasis still being placed on the handy/handymax dry bulk market. There is a lot of optimism being shown for 1995 and on the newbuilding1,600 words
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SHIPS IN PORT
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Article474 1995-01-17 42 ><BW Voy Wo Perth Arrival Dtparture V«$ul Voy No Berth Arrival D«part»»e *iurong Port Te»as 8502 P01 alongside 1701/2000 totam Bahama 01/04/9A 19 alongside 17.01/2300 Yuq«* 91 alongside 2001/0600 Dw Guna 01/029A 121 alongside 17.01/0315 Batam S<*ed4 ****** P01A 1601/2030 1601/2230 J 24W alongside 17.01/0600 Batam Speed4474 words
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Article1122 1995-01-17 42 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Record Bookinf/Batance Rdts Ship Voy No Etb/Btr Period From To From K K < \Jm Swan 153A 18/1000 IB 16/1500 16/1669 16/1900 2A 16/1700 17/0659 17/0900 I 4 17/1200 17/1459 17/1700 043A1,122 words
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Article930 1995-01-17 42 twice weekly report, compiled by Cockett Marine Oil Ltd, shows price granges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the930 words
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Article525 1995-01-17 42 C*ta" Cafean 5 Mr Water Rcadue Mi MwMin Scdbrart Dmfty Wat« ItaMw Mi MmMmi StAnert VMM MM Loon Exxon KG/IT3 V/V t M il M M PPM netted KG/M*3 V/V HH M/M PPM method EaNmUSA 180 Ave 985 0.2 13.6 0 08 11 0.02 Z 010525 words
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AIR AND LAND TRANSPORT NEWS
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Article, Illustration382 1995-01-17 44 Rahita Elias - By Rahita Elias SINGAPORE Changi Airport enjoyed another busy year in 1994, although growth in passenger traffic and aircraft movements tapered off slightly. The Civil Aviation Authority of Singapore (CAAS) said on Saturday that more than 21.6 million passengers passed through the382 words
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316 1995-01-17 44 AP HOUSTON Continental Airlines plans to reduce its workforce by as much as 10 per cent nationwide as part of an effort to weed out moneylosing routes and return to profitability. The reductions as many as 4,(XX) jobs will come through earlyAP - 316 words
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158 1995-01-17 44 Bernama KUALA LUMPUR The Public Enterprises Ministry will allow only new cars to be used by operators of airport limousine services. Minister Yusof Nor said on Sunday that the operators have one year to replace their current re-conditioned cars with new ones.Bernama - 158 words
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168 1995-01-17 44 Reuter LONDON A group of 11 European railway companies, including British Rail, SNCF of France and Germany's Deutsche Bundesbahn, have joined an American telecommunications group to develop a cross-border European communications network. The Financial Times newspaper reported yesterday that the joint venture, calledReuter - 168 words
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480 1995-01-17 44 NYT NEW YORK In the absence of steady profits in recent years, large American airlines have served up a stream of neck-wrenching strategy shifts, flirtations with bankruptcy and ground-breaking labour-management deals. Given the turmoil, it is hardly surprising that most carriers haveNYT - 480 words
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425 1995-01-17 44 Reuter NEW YORK The United States airline industry, seeking to reverse years of financial losses, could post break-even results for the traditionallyweak fourth quarter due to continued cost-cutting programmes, analysts said. Although results will improve from 1993's fourth quarter US$4OO millionReuter - 425 words
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Article84 1995-01-17 44 Knight-Ridder LONDON Frank Chao, president of the Far East-based shipowners Wah Kwong, became vice chairman of the International Maritime Industries Forum from Jan 1. Mr Chao stood down in May last year from the chairmanship of Intercargo, the association of independent dry cargoKnight-Ridder - 84 words
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47 1995-01-17 44 Knight-Ridder LONDON The 26,360-deadweight-tonne freighter Gladiator, which sustained damage when its cargo shifted during bad weather, has discharged 29 damaged containers with cargo at San Francisco, according to Lloyd's Intelligence. The Liberian-flagged vessel was expected to depart for Los Angeles on Jan 12.Knight-Ridder - 47 words
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69 1995-01-17 44 Knight-Ridder LONDON The 59,914-gross tonnage roll-on, roll-off ferry Silja Europa grounded briefly north of Furusund last week but refloated on its own power, according to Lloyd's Intelligence. The vessel did not sustain any damage, but will dock and a thorough investigation will be made. TheKnight-Ridder - 69 words
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Article114 1995-01-17 44 Knight-Ridder LONDON The vessel Corvette Eithne has met the 357,469-deadweight-tonne tanker Mimosa, which is to put into Falmouth, UK, after discovering cracks in its forepeak tank, and is to accompany the tanker southwards, according to Lloyd's Intelligence. The tug supply vessel Brodospas Sun was expectedKnight-Ridder - 114 words
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Article58 1995-01-17 44 Knight-Ridder KNIGHT-RIDDER The 22.059-deadweight-tonne bulk carrier Golden Eagle will sail through the Panama canal and berth in Buenaventura to discharge, according to Lloyd's Intelligence. The vessel arrived in Cristobal at 0935 hours on Jan 9, under tow, with reported rudder damage. It was not possibleKnight-Ridder - 58 words
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Article1531 1995-01-17 44 no ro fug ctb_ nm eta nm n» AMi mm GA974 2245 FMuwha SQ985 1720 SQ990 0125 AMaMt QF81 1930 QF82 2050 tmw SRI S3 2140 5(3226 2112 I Ham* VN741 1310 VN740 1410 ££r 1655 SIS SIS JSSI »920 KL838 2245 SO26 2300 N* CM1,531 words
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Page 27 Advertisements
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Advertisement9 1995-01-17 27 r1 P oN A I I FINANCE K INVESTMENT9 words
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Advertisement28 1995-01-17 27 Lines and services represented by Members of the Registry of Accredited (s®S® l Shipping Agents, Singapore National wKaflKw Shipping Association. For advertising enquiries, contact Shipping Times. Tel 740-2089/740-209028 words
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Advertisement40 1995-01-17 27 H *»Jis SHUTIM. Shiprepair sector set to rebound this year, Pg 3 Fuelling a new demand for trucks, Pg 13 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. m Business Times WE atom Am40 words
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Advertisement1778 1995-01-17 28 I importimport.... IHH I una wn iw u w w w wi mmiw an m —won ij J| w CKNMUM 71 U-IU 4.2 12 12 9.2 7.2 7.2 12 U 11.2 CAUMOM. UM *71 111 44 KSIA IM 92 144 IU 111 212 212 242 11M OUMttW 7lf 25-211 IL21,778 words
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Advertisement1001 1995-01-17 29 Bum ISHI r» DB ShJ KHI MH QMH BAH j DttLJ IfiL'WT Sfl BM? BUM YSLVPT SI I MB P ft BNBKH am 14/1 31/1 a/1 31/1 1/2 31/1 31/1 1/2 3/2 ft MMMH WW* 14/1 31/1 2/2 It MMMH COM U/l I 21/1 4/2 BR AMI! CUM 23/1 1/21,001 words
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Advertisement394 1995-01-17 29 ANLu IT'S AUSTRALIAN FOR SHIPPING TO AUSTRALIA (EABT COAST) I FROM AUSTRALIA (EAST COAST) ««tl WT *T KG MP MK STD MO M HO* HSSCL/W1 OM IW "»'M 13/«1 IJ/«1 10/01 01/02 M/ 02 07/02 M/ 02 IMMMMT MR M/ 01 00/01 2g/01 21/01 (nil MftJftfftHT 07S 20/01 25/01 21/11394 words
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Advertisement1165 1995-01-17 30 R'DAM LE SOCTTH- PORT 1^"~~| VOY NO HAMBURG ANTWERP HAVRE AMPTOM KELAHO SPORE HKO KAO TYO SHI KQB HAQ DAWOeC ***** 20/12 22/12 24/12 12/1 IVI W1 3*" 23/1 24/1 LEVERKUSEN EXPRESS 22/451 25/12 27/12 29/12 21/12 2«/1 28/1 KAMAKURA 37/252 27/12 2ft/12 >1/12 1»/1 »I'l M/ 1 /1 »'21,165 words
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Advertisement422 1995-01-17 30 m IS'pore P Keiang Loading for V FORUM AKASAKA 25/1 30/1 Rdm/Atw/UK/Nantes I VLAHERNA 5/2 9/2 Rdm/Atw/UK/Nantes •Loads E./W. Malaysia, Indooesta I I Loading for ENERGETIC DubM/BahfMn/Damman/Kuwatt I SEA VENUS HodeMah/Jeddah/Aqaba 'Loads Singapore. E./W. Malaysia. Indonesia I Loading for DONA V Los Angeles/New Orleans/ I Charteston/NorfolH/Camden H OCEAN EVER Los422 words
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Advertisement1358 1995-01-17 30 I NOR ASIA I I RORASM HEL 9502 3 19/01 M/W 10/02 U/U 11/02 12/02 12/02 13/U 13/02 14/02 I U rim 504* 27/01 15/02 19/02 20/02 20/02 21/02 21/02 22/92 22/02 23/02 I ISI VALVE 5038 02/02 21/02 24/02 25/02 25/02 20/02 20/02 27/02 27/02 21A2 I I SEA1,358 words
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Advertisement1172 1995-01-17 31 P m STRAITS SHIPPING PTE LTD 10 Ho« Chiang Rtad #11-01 Keppel Towers jgj Ma 020S Td: *****50 Fix: *****17 mmiiiibimiiiim I aMWMaaisar I CARGO DUE SABS MOW *011 UK. a»V T»» M POBT 19 taß FCL. LCL COMTAJNCR ANO BMCAKBULK MRVICE TO PAPVA NEW OUMCA C I NASA •-301,172 words
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Advertisement1999 1995-01-17 31 Singapore Agent: I t jQllTfll llftyfi p& Containers (Singapore Agencies) Pte Ltd 10 Hoc hian 8 Road. #07-01 Kcppcl Towers, Singapore 0208 First Class Connections WORLDWIDE Tel 225 2233 Teiex: rs ***** pnocsp.Fax: 225 5327/222 7517 CR Number: *****9 IOOOOZ 111 111 m ir pQRT VCIftIL VOV 'pHQ *PKQ SIM1,999 words
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Advertisement648 1995-01-17 31 I FOR BOOKING 1800-*****00 (TOLL-FREE) outmouwo pw pen ioh sm hug mo tai kee hob osk hoi bus WAN HAJ 211/N025 15/01 14/01 14/01 IM9/01 23/01 25/01 27/01 T/S na MO 31/01 "oIToF IiToF 04/02 WAN HAI 202/N075 14/01 H/01 21/01 22 23/01 27/01 29/01 30/01 04/02 1 07/02 1648 words
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Advertisement459 1995-01-17 32 >fb JOWT VENTURE AI \Sly SAMUDERA INDONESIA SIR RICKMERS SINGAPORE CHINA GREEN EM YOt 3NB 12 MN Q««DAO OASA SOU.UH YOY 3NB OS FEB MNGMK SHANGHAI MDUCEMENT CALL P.KELANG MUCOKNT CALL IK. P.GUOANG, BCLANAN, T6 MAM MMEft ZHANGJKAN6 UTAMA HARTA f WEEKLY FULL CONTANCMMT FEEDER VESSEL NAME VOY SIN P.459 words
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Advertisement1140 1995-01-17 32 (g) HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 FW Wl SM UK HAUL SA YKR HW FW HI |«E HNA SM AM NYC HMUN HONGKONG 0471 20/1 UKCI 1/2 10/2 11/2 HMUN BUSM 1511 22/1 M. MCMCA OIK 23/2 24/2 2C/2 HMUN SMITH1,140 words
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Advertisement1221 1995-01-17 32 d: IcH Inu i« w( u( w m 09 m w m iu oe u nt im v* i« w ik rai m m ar I f 2K."J£, 11/1 !2! Wl 2/! 1!/! V> V, HI HZ ,Z! XI Vi 3/1 J «/i *w» SM B*. f SUZ fJ? myt1,221 words
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Advertisement1778 1995-01-17 33 i I, wiw T 7 f ;,#i|k (MILBAJIU) (fKHMRMftt« W^^W^^El^iiiuwmi a smlms pbi mwtn C—MAyrr 42QS7H COST Alt SHIPPING PTC LTD ntalSii cos*/r c..n.in.it <»ms« M: <»57is c——«»..«<: «*s;« f IMm Mr ml 7-** CH **********0 M ram: 22*2209 o»c*. *****30 t*mi*m—mt: 42*5730 MS «Mv r«MT« UCK Mac CCSU tOHOni1,778 words
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Advertisement857 1995-01-17 33 Q HEUWG-A SHIPPING "(KOREAN FLAG) l COKTJUNOHZED COWVEWIIOmL blowa imm I w/ti I iyii I a/ii I »/»i i own I m/m I *4/*2 I es/az Iwo ponmi sain e7/ei I u/n I is/tll aw I h/h| own I m/» awn pmm h/ii i«/n I n/ti I ?4/»i oaar t3/c857 words
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Advertisement315 1995-01-17 33 FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) GOTHENBURG/SCAN 23/01 ROTTERDAM 19/01 AARHUS/COPENHAGEN 23/01 HAMBURG/BREMEN ***** MARSEILLE/FRANCE 24/01 FELIXSTOWE/UK 23/01 BARCELONA/SPAIN 20/01 LEHAVRE/FRANCE 24/01 GENOA/ITALY 21/01 ANTWERP/BELGIUM 24/01 LOS ANGELES/WC/IPI 13/01 SYDNEY/MELBOURNE 19/01 NEW YORK/EC 13/01 FREMANTLE/ADELADE 2VOI VANCOUVER 20/01 BRISBANE 19/01 TORONTO/MONTREAL 20/01315 words
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Advertisement1107 1995-01-17 34 I V,MgL i I 1 IvtMCL VOY MM N ■I WANAMHJM 263S Wad_ IS/1 Sal 21/T 1 [tHANA BHUM 104N "tw IM FT Tim H/7" m Vltilt VOY SIN IKK ISWA IHUM MS Frt M/ 1 W«d 25/1 JAP€ JAOC3I Wad 11/1 Frt 20/1 MYA*«TttA»HUM mn Tua Im ft Frt1,107 words
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Advertisement595 1995-01-17 34 79 ANBON ROAD, #21-01. SINGAPORE 0207 TELE: *****02 FAX: *****87 CR **********^4 STRAITS BHUTTLI SWVICB W PORT KLANG PENANQ *ssa voy s* wo. vessel voy aw rtw WGOUB SPOHf 16/1 (MOW) U/l (MKO) XOUR MTA ***** 17/1 (TUt) 20/1 (FB) FtIWAS* WW 16/1 (MOW) U/l (MED) MCC CONVEYO# 5005 20/1595 words
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Advertisement236 1995-01-17 34 trx-, GOLDEN LINE A oV GUAM GUAM SHPPMG (PTE) LTD I I 23, IM km Start SMMK MM m UUM (11 IMS) Fn SMSM (Ct M MU9HMMV) I tamM—mmmg S'poft f. KHang Penan| GOLOtN KM Karach/DutM/Kimrt 25/21 1m GOLDEN STM Karachi/Dub«/Kuwait 1/9 F«k J *TT W ICB GOLOEN MONKS Shjnfha236 words
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Advertisement970 1995-01-17 35 PACIFIC INTERNATIONAL LINES (PTE) LTD] 140 Cecil Street, #03-00 PIL Building. Singapore 0106. I VfIHV CR NO **********0E I f VESSEL VOY SM CMS JIB HOO JEO AGJ AOE PZU MSW ASA KOTA WWW AN WRNSIS IS/1 23/1 29/1 30/1 272 4/3 13/2 1«/2 21/2 KOTAKRANi BRNI3S 2S/1 2/3 10/2970 words
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Advertisement975 1995-01-17 35 VCSSCIS So* I SJN I If KAVW HAMBURG THAMES ROTKROAM ANTWERP Wit Ot TUCAWA UO7W 19/01 09/02 10/02 12/0? 13/02 WLLt 01 IBM 107W 25/01 15/02 17/02 19/02 20/0? H/02 VULt Pt CAJMHA CO7W 01/02 21/02 23/02 25/02 it,o2 if/M WIU 01 SAOTTA SO7W 01/03 03/03 05/03 28/03 07/03 •AISO975 words
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Advertisement560 1995-01-17 35 res/^ MYANMA wBßk FIVE STAR LINE T (Myanmar National Line) Loading for Yan|on (Rangoon) Spore P.KIj Pen P.Gd| PAGAN V2I7W 20/23 lan TANAH AM V2W 20/24 lan MALAYSIA MINTS BOUSTEAD SHPfWC ASMCtS ML TEL 02-03 *****00 I*l TEL 02-03-*****07 TH 02-04-*****2 PCD; TU 02 07 *****21/4 NIGERIAN NATIONAL SHIPPING LINE560 words
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Advertisement1689 1995-01-17 38 ii TO EUROPE FROM EUROPE ram pu. pin motwi wi stok um htm hum mm fit w. na stck mu ftban mm —o— a nco ton •i BSE/SMI MM/MM Mil 14.01 M>. tfMCJI 2404 17.01 04.02 05.02 00.02 00.02 00.02 W). QCfABA 1524 1001 20.01 2101 20.01 2181 2101 31011,689 words
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Advertisement386 1995-01-17 38 1 ASIA HKG/TWN/BKK GENOfI/EUROPE PEN PM SIN 5 SWUNGS/WEEK PEN PK SIN 16/1 17/1 18/1 HKG/BKK/KEE/KHH G'burg/Chagen/S'holm/Oslo 17/1 18/1 19/1 22/1 23/1 22/1 HKG/BKK/KEE/KHH Piraeus 26/1 27/1 ZB/1 23/1 24/1 25/1 HKG/BKK/KEE/KHH ldn/Fl*/Rtm/Ant/Ham/Leh 21/1 22/1 Z3/1 PFmUINP Tfl Genoa/Barcelona/Marsales 19/1 20/1 21/1 16/1 17/1 18/1 SHANGHAI/DALIAN I JPN/KOREA/MANILA I XKMCH/BtIWC386 words
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Advertisement17 1995-01-17 39 The latest in sea, air and land transportation Shipping Times Monday to Friday rr\ Business Times WBKHOWASLA17 words
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Advertisement242 1995-01-17 39 II VESSEL VOY«N MAA MNIj CAPE HERMES 204N 18 19/01 24 30/01 03-04/02 I TIGER ISLAND 125S 19-20/01 (FOR DISCHARGE ONLYHI I TIGER CAPE 013N 23-24,01 29-05/02 10-11/02 W\ I TIGER BRIDGE 3ISN 25-26/01 31-06/02 11-12/02 I TIGER BAY 128N 29-30/01 04 10/02 14-15/02 I I TIGER ISLANO 127N 31-01/02242 words
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Advertisement326 1995-01-17 39 Pl DONGNAMA LINE COWTAiWWD itlfVfCt murrt/HW/IMC/MH j *Bft (MS) W~| H tod PNC MC BM MSTOH YMW 21/11 21/W tt/ll n/« mm VMM aoi n/« ii/« «t/« 12/02 is/u msou mu mu u/u 21/02 am ummc mm fitm urn iv« u/« i«/« mm n/ti mm mt mm s» us warn326 words
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Advertisement325 1995-01-17 39 i^^nSc!KE^MEfins^ASSaC^(S^T^T^l W TEL: *****33 (12 UnM) I EL FAX: *****15/*****03 I HH TELEX: R8 ***** RSSMP (3 UnM) I V CR NO.: **********0E I Vnml V«y VTA [Laadtag Par I bp—a I Abbay Worn 42W8 2«/01 Mornbaaa. Djibouti I Andto* 38WB 20/03 Mombasa. Djibouti I A-SSSD M&SttWt FULLY CONTAPtEEBED REOUIAK325 words
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Advertisement0 1995-01-17 41 @&"[,\.'``*>${[{"`"'|`"|*.\?[=*0 words
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Advertisement497 1995-01-17 43 I HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 \m IfHE PCD I ttSgLS WT I I RTM ANT LEX HAH Bgj FEL 11/01 20/01 21/01 a MMKX 31W 23/01 10/02 12/02 11/02 12/02 12/02 14/02 2VOI 27/01 21/01 H. MNOVATOR 313* 30/01 17/02 19/02 11/02 19/02497 words
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Advertisement326 1995-01-17 43 STRAITS/ JAPAN/ STRAITS SERVICE MULTI-PURPOSE I ROW CARftO SPECIALIZE M HEAVY Lf T CARGO UPTO 120 TOMS RAMP CAPACITY UPTO 50 TONS wssa «OT SM n ionmt fo« PAKMTI SEMOOJM 1 &D lf/1 OCEAA am 2C/1 29/1 SOWN 31 2/2 BATAM 5/2 lAMRTA 6/2 CO3MC CHALLENGE* 34 1/2 4/2 tUMI326 words
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Advertisement663 1995-01-17 43 VKgl DOY SM ETA/0 LAX QM OQ PAL IHM/COL1HM/C0L IHOU NYC NOR MAQUNAC BRRKE >2A 12/01 /13/01 29/01 31/11 11/02 02/02 02/02 02/92 03/02 04/02 ALLIGATOR TR—H <0A 19/01 /20/01 05/02 07/02 00/02 09/02 09/0? 10/02 10/02 11/02 GEORGE NASHNGTON BRPGE »4A 20/01 /27/01 30/01 14/02 15/02 10/02 10/02 17/02663 words
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Page 43 Miscellaneous
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Miscellaneous302 1995-01-17 43 TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0700 MOO 0900 1000 1100 1200 1300 1400 1500 1(00 1700 1100 1900 2000 2100 2200 2300 2.5 2.5 2.2 1.7 1.3 1.1 1.0 1.1 1.5 2.1 2.7 3.0 3.0 2J 2.4 1.7 1.2 0.1 0.5 0.4302 words
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Advertisement77 1995-01-17 44 I t ANALYSIS I mil ymil -n M.V. TAMDHIT VOY.I Arrived 6th January 1993 Consignee* of all damaged cargoes ex the captioned vessel is hereby notified that a general survey will be held on the I8!h January 1993 0900-1200 hours atPT4. No further survey will be entertained thereafter As AfMfe:77 words
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Advertisement7 1995-01-17 44 I ANALYSIS I Tomorrow in Business Times7 words
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