The Business Times, 24 December 1997
1997-12-24
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The Business Times
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Title Section12 1997-12-24 1 THE BUSINESS TIMES MITA(P) 110/12^97 85c SINGAPORE Internet■ http://www.asial.com.sg/biztimes WEDNESDAY, DECEMBER 24,199712 words
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Article58 1997-12-24 1 ■a? 1 BJsra rata (-5.54) U HUB (+9.26) n BTOOHP mm 1338J0 (-11.48) D SSt+ttt) nsr"~ STOCK XAKKET INDICES TMfey Chafe E°* —•£*—<"' WHO lMRtt +I1MS w >17 .mm jxkaita gov-jmn ♦ilm MANILA OOMP _UKuN 41JU Warn «n usui 4kit sboulcoiif mm -n.n cua china b—mn RIS awt58 words
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Article66 1997-12-24 1 USI 81 us* U7» t_ 1JI1 ITS m mm mm twin t*7 1J84 m %»1 0431 mt tin mi BART Mil MM HPMH m M18 MM •MrtMkrrti yunira UPMIUMi 177 UNULOMFUI 9 JO MKABTA I860 BANGKOK SMMU Utt MMKONB 3M IMPEL. IN WWBY—.. U» 1000 2J9 S8DUL 1176 mmmer~66 words
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Article, Illustration708 1997-12-24 1 R Sivanithy - Compensation shares for Foreign shareholders, bonus shares for all By. R Sivanithy [SINGAPORE] Diversified media and property group Singapore Press Holdings yesterday announced the not-unexpect-ed merger of its Local and Foreign shares but combined it with a surprising first a novel schemeSource: Bloomberg - 708 words
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450 1997-12-24 1 Jennifer Lien - By, Jennifer Lien [SINGAPORE] Governmentowned Singapore Technologies Pte Ltd stands to lose more than half a billion dollars from its failed foray into the disk drive industry. Sing Tech yesterday said that in addition to its initial $80 million equity450 words
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543 1997-12-24 1 Bruce Cheesman - From Bruce Cheesman in Taipei OVERSEAS Investors are returning in droves as institutions use Taiwan's resilient bourse as a sanctuary for retaining exposure in Asia's battered financial markets. Foreign investors transferred a net U*****.5 million (Ss6lo million) for stock investments in the first543 words
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Article, Illustration574 1997-12-24 1 Louis Beckerling - Borrowers stampede for what's left of country's reserves From Louis Beckerling in Seoul SOUTH KOREA was last night teetering on the brink of a sovereign default on its foreign debt repayments and facing the grim prospect of calling a debt moratorium toSource: Bloomberg - 574 words
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Page 1 Advertisements
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Advertisement132 1997-12-24 1 Pigftto wtktk far choßßcais cfaiflUr Tl* investment outlook for Singapore's cluster is "encouraging" as interest remains strong, says the EDB, Pf 2 TaO-freetrip Motorists can use the Ssoood Link between Sbigapore and Malaysia far free in the first two weeks of its opening, as die toD nmramt is «HTI being132 words
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Advertisement28 1997-12-24 1 Id Saturday's BT Our annual Turk^J^ Okay, it's been a rotten year so it's time for some fun. Even if it means finding yourself on our Turkeys list.28 words
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Advertisement102 1997-12-24 1 More reports in Markets in Turmoil, Pg 4 ElTAGHeuer SWISS MADE SINCE 1860 INTRODUCING KIRIUM i Jife SHAPED B Y F SPORT For further information: TAG HEUER SHOWROOM Tel: 235 8477. Available exclusively at the following dealers: All Watches Tel: 732 7673 Asia Watch Centre Tel: 440 4208 Chew Cheong102 words
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SINGAPORE AT HOME & ABROAD
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528 1997-12-24 2 Ronnie Lim - Chemicals output up 12% to $27b in past year; star was petrochemicals: EDB By Ronnie Lim THE investment outlook for Singapore's chemicals cluster "is encouraging" as investment interest "remains strong", said the Economic Development Board (EDB). After chalking up "strong growth" in 1997, chemicals528 words
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Article, Illustration328 1997-12-24 2 Y&an minister says toll rates still being discussed Bernama (KUALA LUMPUR] Toll on the Second Link between Malaysia and Singapore will only be decided two weeks after it is opened to traffic on Jan 2, and in the meantime motorists can useBernama; FILE PHOTO - 328 words
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210 1997-12-24 2 [SINGAPORE] The Life Insurance Association of Singapore (LIA) has introduced a 50 per cent limit on how much available Central Provident Fund money an individual can use to buy regular premium insurance policies. The limit on the use of210 words
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150 1997-12-24 2 [SINGAPORE] NTUC Income yesterday said it will be paying out between $2 million and $3 million in claims for victims of the Silk Air crash. Income's chief executive, Tan Kin Lian, said it has identified 30 claims involving more than150 words
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Article, Illustration311 1997-12-24 2 Audrey Tan - EYE ON THE ECONOMY Inflation By. Audrey Tan AN increase in healthcare and transport costs led to a 2.3 per cent inflation rate last month, down slightly from the high of 2.5 per cent in October and September. The monthly inflation has been more thanSource: Dept of Statistics - 311 words
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Article, Illustration487 1997-12-24 2 SILKAIR DISASTER Locatioo of Silk Air plane's black box found in aerial sweep THE Civil Aviation Authority of Singapore (CAAS) yesterday said there is no confirmation that a Qantas aircraft had received distress signals from Silk Air flight MI 185. It saidALPHONSO CHAN/ST - 487 words
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NEWS Roundup
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Article53 1997-12-24 2 THE High Court trial of Royal Brothers' Raj and Asok Kumar, who face a total of four corruption charges and one attempted cheating charge, will run from Feb 2 to March 6, it was announced yesterday. If found guilty, the pair could be jailed as53 words
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Article71 1997-12-24 2 SINGAPORE Press Holdings executive chairman Lim Kim San, Fraser Neave chairman Michael Fam and National University Hospital chairman Cheong Siew Keong will serve another six years on the Council of Presidential Advisers, die Istana said yesterday. Mr Lim will continue as the council's chairman. The other71 words
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35 1997-12-24 2 NTUC Income Insurance Cooperative is planning to invest $20-140 million in the UK and Australia to develop student hostels over the next three years in its first such venture.35 words
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Page 2 Advertisements
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Advertisement375 1997-12-24 2 I A WEEKLY SUMMARY OF HOME NEWS I AT YOUR FINGERTIPS I r The Straits Tfenm Weekly Edition brings you a wisp U-aHRIWBB*. ""s* l summery of Ihe week's major happenings in Singapore and T\if PitTf* ap" L in the Aaeen region. Covering news from soda! issues, J! politics, business,375 words
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Advertisement20 1997-12-24 2 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. t Another Classified Service20 words
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REGION
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449 1997-12-24 3 BANGKOK Cap on foreign stake in mutual fond firms raised to 49% from 25% AFP FOREIGN investors are allowed to own bigger stakes in Thai securities firms and mutual fund companies after the government eased ownership restrictions this week. The government said yesterday that foreignAFP - 449 words
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Article, Illustration400 1997-12-24 3 BEIJING AFP PRESIDENT Jiang Zemin on Monday urged greater action to protect the growing army of jobless as the Chinese authorities announced around 400,000 redundancies in the chemical industry from next year. "There are still firms in the stateAFP - 400 words
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Article, Illustration61 1997-12-24 3 [BEIJING] A Beijing shopper inspecting a Christmas tree constructed from wind chimes on display in front of a popular downtown department store yesterday. Department stores across town have slashed prices by up to 50per cent on various goods for Christmas, New Year and the Lunar New Year, inREUTERS - 61 words
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268 1997-12-24 3 m SINGAPORE Indonesia, M'sia, S'pore will take lead in implementation AFP ASEAN environment ministers and senior officials yesterday adopted a plan to prevent a recurrence of the haze that enveloped the region and made tens of thousands ill. Asean member countries would try toAFP - 268 words
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187 1997-12-24 3 SHAHALAM Bernama A TOTAL of 15,000 new Proton cars have been left "abandoned" as potential owners find it difficult to obtain loans due to the current credit squeeze. Edaran Otomobil Nasional Berhad (EON) managing director Adzmi Wahab said yesterday EON would monitorBernama - 187 words
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374 1997-12-24 3 BANGKOK Office rentals down 30% in Bangkok, 21% in KL in 3rd quarter AFP BANGKOK'S property market is the worst-hit in South-east Asia, with office rentals falling almost 30 per cent in the third quarter of 1997, consultants said yesterday. Jones LangAFP - 374 words
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Page 3 Advertisements
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Advertisement199 1997-12-24 3 Heralding Malaccas Newest Address, Inspired By Its Rich Heritage. KIkRIJ,- dL Vt fat -a Er' r: PI 11 M m I I h*cMaK .fcj L 4 PI H IKSmiMttC VI r M wßrnt r I iIbCCPI I „"d L H HHB l crrPl I m?** SS9I Jm I PW 1199 words
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MARKETS IN TURMOIL
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487 1997-12-24 4 Eddie Toh - But it says economy is in better shape to weather storm than many neighbours From Eddie Toh in Kuala Lumpur THOMSON Bankwatch has downgraded its rating of Malaysia but the world's largest bank credit-rating agency is confident that Malaysia is better, positioned to487 words
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1013 1997-12-24 4 Conrad Raj - DBS, OCBC, UOB outdo Japan banks in credit-worthiness By< Conrad Raj [SINGAPORE] Singapore banks are among the most credit-worthy in Asia, according to international ratings agency Fitch IBCA. It gave the Republic's three largest DBS Bank, OCBC Bank and UOB 'A/B' ratings for their1,013 words
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304 1997-12-24 4 Reuters AFP [BEIJING] In a major financial reform spurred by the Asian currency crisis, China yesterday announced plans to gradually scrap bank lending quotas. #he People's Daily newspaper yesterday quoted Li Tieying, Minister of the State Commission for Economic Restructuring, as saying the quotasReuters; AFP - 304 words
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Article, Illustration182 1997-12-24 4 Reuters [KUALA LUMPUR) Malaysia's Deputy Prime Minister Anwar Ibrahim said yesterday that policy measures announced to date are adequate to tackle the ongoing economic crisis. "I think the measures are adequate. I mean the belttightening is really tight, and I think it is difficult to see thatReuters; REUTERS - 182 words
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319 1997-12-24 4 Bloomberg [JAKARTA] The Indonesian government's foreign debt repayment and interest bill for next year will amount to about 32 trillion rupiah (559.6 billion), President Suharto said on Monday. "It's best if we sort it out so we can pay for the capitalBloomberg - 319 words
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587 1997-12-24 4 Anthony Rowley - Falling stock prices may thwart efforts to increase write-offs From Anthony Rowley in Tokyo NON-performing loans among Japanese banks and other de-posit-taking institutions climbed to 28 trillion yen (***** billion) as of Sept 30 reversing what had been a falling trend for587 words
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361 1997-12-24 4 Company ratable to raise new loans amid credit crnnch Bloomberg [TOKYO] Maruso Securities Co, a midsize Japanese brokerage, filed for voluntary bankruptcy after it was unable to obtain new loans amid a worsening credit crunch. The privately-held brokerage has 46.3 billionBloomberg - 361 words
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314 1997-12-24 4 Bloomberg [TOKYO] Japanese companies are turning to the bond market to raise short-term funds as the nation's banks themselves struggle to secure funds for their own needs, analysts said. Nissho Iwai Corp, a trading firm with revenue last year of 8.89Bloomberg - 314 words
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THE WORLD
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308 1997-12-24 5 UK trade deficit hit £1.4b in Oct due to strong LONDON Reuters BRITAIN'S trade position took a turn for the worse in October with a deficit of nearly £1.4 billion (553.9 billion) in goods traded as sterling's strength stalled export growth and boosted imports. The Office for National Statistics saidReuters - 308 words
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358 1997-12-24 5 WASHINGTON Year-end review cites better Sino-US ties as a big AFP THE US and China are talking "much more productively" about major issues in the last year as a result of improved ties illustrated by the recent summit in Washington, aAFP - 358 words
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325 1997-12-24 5 ISTANBUL NYT THE worldwide tourism industry will expand so fast between now and 2020 that "it will not only be the world's biggest industry, it will be the largest by far the world has ever seen", according to a newNYT - 325 words
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573 1997-12-24 5 WASHINGTON But Q4 figures indicate that current economic expansion will continue Bloomberg [WASHINGTON] The government yesterday lowered its estimate of third-quarter growth, although more recent statistics for the fourth quarter suggest there's no end in sight to the current expansion.Bloomberg - 573 words
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Article, Illustration72 1997-12-24 5 [BETHLEHEM] A Palestinian craftsman carving Nativity characters from olive wood on Monday. Christian pilgrims are expected to flock to this West Bank town on Christmas Eve to watch the Latin Churches parade and to attend the traditional midnight Mass in the Church of Nativity, whereAFP - 72 words
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253 1997-12-24 5 LONDON Reuters BANK of England governor Eddie George said yesterday that arguments over who should head the new European Central Bank (ECB) could be the biggest problem in the run-up to the launch of the European single currency. Mr George told the FinancialReuters - 253 words
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WORLD Watch
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64 1997-12-24 5 AFP [BAGHDAD] Iraq accused the US yesterday of "blackmailing" the UN Security Council and manipulating the UN Special Commission on disarmament to prolong economic sanctions. Iraqi Deputy Prime Minister Tareq Aziz said a Security Council declaration on Monday urging Iraq to give UN weapons inspectorsAFP - 64 words
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Article30 1997-12-24 5 Reuter [LONDON] Chancellor of the Exchequer Gordon Brown defended plans to reform the welfare state. He pledged it will not be a "slash and burn exercise".—ReutertReuter - 30 words
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58 1997-12-24 5 AFP [MOSCOW] US President Bill Clinton is to visit Russia next year, Russian presidential spokesman Sergei Yastrzhembsky said yesterday. He said the two sides had not yet agreed on a date. Mr Clinton had said he would visit Moscow only after the Duma (RussianAFP - 58 words
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Article40 1997-12-24 5 AFP [JERUSALEM] Prime Minister Benjamin Netanyahu too&* most of his ministers on a helicopter tour of the West Bank yesterday to assess which parts of the occupied territory cannot be relinquished to the Palestinians. —AFPAFP - 40 words
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Article42 1997-12-24 5 AFP [MOSCOW] Russian President Boris Yeltsin returned to work briefly st the Kremlin yesterday under s compromise agreed with doctors treating him for a heavy cold. He is expected to return to his desk again today. —AFPAFP - 42 words
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394 1997-12-24 5 LONDON 1997 payouts a third more than 1996 amid mergers, Asian crisis Bloomberg THE City of London's most valuable workers will take home about £1 billion (Ss2.B billion) in bonuses this year a third more than last year even after a wave of mergersBloomberg - 394 words
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Page 5 Advertisements
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Advertisement44 1997-12-24 5 Shin Min Daily News Lianhe Wanbao available on DECEMBER 1997 Gal Your Copy Of The Newspapers At Your Newstands. Also available at: Slop Press Kiosk, Cold Storage, NTUC Fair Price, Petrol Stations, Times The Bookshops, Shop N Save, TOPS, Borders and 7-Eleven. Press Holdings44 words
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EDITORIAL & OPINION
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Article, Illustration738 1997-12-24 6 Al Labita - THE BOTTOM LIMB OPINION By Al Labita The writer is BT's Manila correspondent WHY has President Fidel Ramos chosen to anoint somebody perceived by rivals to be the easiest to beat in next May's presidential polls? After all, Congress Speaker Jose de Venecia,738 words
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Article132 1997-12-24 6 'I'm selling everything, all sectors. I want 30 per cent cash at the end of the month.' Jacques-Antome Bretteil who manages USs2oomillion (***** million) in assets at International Capital Gestion in Paris, as world stock markets fell last week after Japan suffered its third-biggest bankruptcy in history,132 words
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Article646 1997-12-24 6 Crossing the bridge —at a price EDITORIAL IT stands to reason that the toll charges that are fixed for the second link between Singapore and Malaysia must serve the interests of both countries. It follows too that, Malaysian Works Minister Samy Vellu's contrary view notwithstanding, whatever the new rates, they646 words
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Article, Illustration1042 1997-12-24 6 George T Haley - Transparency and directness may be the values Asia should take on to get out of its malaise quickly George T Haley The writer, who is Associate Professor of Marketing at DePaul University, Chicago, has spent the last four years teaching and doing research at the InstitutoAFP - 1,042 words
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Article818 1997-12-24 6 Obsqaal trwtmet FAR from creating a sense of cooperation, the Foreign Bankers Association in Thailand is creating grudges among Thai corporate borrowers, bankers and policy makers. The association of foreign banks with branches in Thailand will have to do better if its members think they are818 words
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Page 6 Miscellaneous
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Miscellaneous43 1997-12-24 6 DOOWESBPRY By Garry Trudeau LACty.'l MAS M UM...IACSY. MHAT?... OH. PEAR... THEN herb yourte I cvrwx-W your, bitter arevou ihjonperwho m m&AdOUT lINGUJTTH PEARL PIEP SURE, JHE NICE LAPY IN t7l V |ID CALL THE )\MYStSTERM OESCARI&T PEAR* THE KfTCHEN IS. 11 V_fZ?lL_V^—43 words
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Page 7 Advertisements
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Advertisement750 1997-12-24 7 Buy It. Sell It. Find It. Classified. f& CATS. Call Today For Results Tomorrow. **********6 Where to wine, dine and entertain^""t IPS L The Hubertus Grill returns by popular demand for Xmas bve Day and New Years Eve& Day only. Serving our I renowned gourmet buffet. So call 839 1555750 words
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Advertisement158 1997-12-24 7 Mandarin Singapore Presenting... The Longest Buffet Spread at Mandarin's Annual CHRISTMAS FUNLAND 25 Dec 1997, Thursday 11am-3pm Mandarin Ballroom Join us for fun ft games with fflL JP Woe Alkaff jflT Call 831 for your tickets 333. Orchard Road. Singapore *****7. Tel: *****11 from ZI jf- Dece**Jber wU fke f«five158 words
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Page 7 Miscellaneous
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Miscellaneous787 1997-12-24 7 TV&RADIO :jRMMMiNNIIB 530 Suria 6.30 The Pyramid Game. 6.30 Kaadhal Pagadai j i jrr® PM TV Innovations. 7> News 5At Seven. 7.00 Kunnakudiyin Violin Vi- F" —fflfluuHnißK 2.30 lne Winners. Nick Freno: Licensed runthu. mBBIbBbBI Money. Teacher. 7.30 Tamil SeithitfVeiosJfT). SllMfJ 2000. 8.00 Showbuzz Extra. 8.00 Berita 12. [mliY TV,787 words
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Miscellaneous294 1997-12-24 7 C'KVPTiC CROSSWORD ACROSS 3Go for tax-free Investment (3) HHI H~" HHV H S It's a bit off to retire tradeunionists (6) 9 9 8 A Christian symbol displayed |HHH| horizontally (6) Hi HH JHH 9 Certainly leave no room for Tone said to produce a state of IH IB fIHHH294 words
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COMPANIES & MARKETS
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358 1997-12-24 8 Interest servicing on all loans are current; associate companies generating income Reuters [KUALA LUMPUR] Malaysian Resources Corp Bhd (MRCB) said its lenders have agreed to reschedule a bridging loan facility, and maintained that it is up to date on the interest servicingReuters - 358 words
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137 1997-12-24 8 [SINGAPORE] Bambang Trihatmodjo's shares in Van der Horst have again been sold by a bank holding them as collateral. The engineering and construction company notified the stock exchange that on Dec 18 Societe Generale sold 173,000 of Mr Bambang's shares pledged to it as137 words
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273 1997-12-24 8 [SINGAPORE] Investors yesterday shrugged off news that Uraco was getting a new strategic partner, with its shares closing one cent down at 32.5 cents on thin volume of 213 lots traded in a quiet market. The Straits Times Industrials Index closed273 words
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683 1997-12-24 8 Lee Han Shih - HOCK LOCK SIEW Lee Han Shih IN SPITE of its setback in its investment in Hagenuk of Germany, IPC Corporation seems set to continue pushing into the telecommunication field. Is it a case of too little, too late? In the last683 words
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312 1997-12-24 8 Abdul Hadhi - Lim Hui Boon, Ho Wah Genting release company from obligation By, Abdul Hadhi [SINGAPORE] Lim Hui Boon and his Malaysian-listed Ho Wah Genting Bhd (HWGB) have released Bariston Investments from its obligation to acquire their joint 26 per cent stake in Sesdaq-listed Ho312 words
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Article, Illustration360 1997-12-24 8 Concern over its new Asian infrastructure projects blamed Bloomberg [HONGKONG] Hopewell Holdings Ltd shares fell to a record low yesterday on concern over the Hongkong builder's new infrastructure projects amid Asia's mounting financial problems. Hopewell's plan to build a US$l.3 billion (552.2 billion) power plantBloomberg; AFP - 360 words
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418 1997-12-24 8 Joint venture partner unable to provide bank finance [SINGAPORE] Pacific Can Investment Holdings' plans to set up a can manufacturing project in Malaysia have hit a snag. The company announced in March that under a joint venture agreement, its partner Qarira Holdings418 words
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226 1997-12-24 8 [SINGAPORE] Industrial group Nat Steel has conditionally agreed to sell the bulk of its 24.17 per cent stake in Hongkong listed steel company BurwiU Holdings. Nat Steel yesterday said it win sell 142.62 mUlion BurwiU shares, representing 18.8226 words
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COMPANY Briefs
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51 1997-12-24 8 [SINGAPORE] DelGro Corp (formerly Singapore Bus Service) has teamed up with a Chinese company to operate public buses in Shanghai. It said yesterday that the joint venture will have a registered capital of about $19.2 million, of which around 19.4 million will come from51 words
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32 1997-12-24 8 [SINGAPORE] Retailer Ossia International has consolidated its Malaysian operations by acquiring OF Manufacturing and its subsidiary OF Marketing, as well as all the issued capital of Ossia Marketing.32 words
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56 1997-12-24 8 Reuters [SINGAPORE] Seafood trader Pacific Andes (Holdings) Ltd yesterday said its wholly-owned unit, Sea Glory Ltd, will sell a deep-sea supertrawler to a trading partner for US$4.5 million (597.5 million). Under a hire-purchase agreement signed on Monday, Sea Glory will retain legal title of theReuters - 56 words
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82 1997-12-24 8 Reuters [KUALA LUMPUR] Shares of Malaysian maritime engineer Westmont Industries Bhd will remain suspended until Jan 5 so that it can announce the results of an "investigative audit", the Kuala Lumpur Stock Exchange said yesterday. Westmont earlier this month said its 1996 results may notReuters - 82 words
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Article94 1997-12-24 8 Reuters [KUALA LUMPUR] Shares of Malaysian Mining Corporation Bhd (MMC) will resume trading today, the Kuala Lumpur Stock Exchange said in a statement yesterday. Homestake Mining Co said on Monday it planned to acquire Australian gold miner Plutonic Resources Ltd in a US$64O million (551.07Reuters - 94 words
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79 1997-12-24 8 Bernama [KUALA LUMPUR] FACB Industries Incorporated Bhd, formerly Kanzsn Bhd, is to expand its steel products manufacturing but will place its Sabah property plans on hold, says director Sulaiman Sujak. He said steel demand remained strong and the group was committing 7 million MalaysianBernama - 79 words
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COMPANIES
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440 1997-12-24 9 Latest bids push up total value of US takeover deals this year to a record USsB79b FT [NEW YORK] The merger mania that has gripped Wall Street all year came close to a frenzy on Monday with the announcementFT - 440 words
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275 1997-12-24 9 Al Labita - From Al Labita in Manila A UNIT of Malaysia's Hong Leong Group (HLG) is disposing of its majority stake in a listed firm to streamline its Philippine operations. In a statement yesterday to the Philippines Stock Exchange, Atlas Fertiliser Corp (AFC) said275 words
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Article, Illustration79 1997-12-24 9 [PARIS] An unidentified customer checking bottles of Coca Cola (right) and Orangina (left) at the soft-drink counter of a Parisian food store yesterday. Coca Cola is to buy the Orangina brand from Pernod Ricard of France, giving the US group a new sparkling orange drinkREUTERS - 79 words
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588 1997-12-24 9 Exec suite massacre seen linked to Citibank's interest Bloomberg [BANGKOK] First Bangkok City Bank pic fired its president and chairman and replaced several board members an executive suite massacre apparently connected to US giant Citicorp's courtship of the bank, which is Thailand'sBloomberg - 588 words
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391 1997-12-24 9 Reuters [LONDON] The London Stock Exchange, the world's thirdlargest bourse, is studying whether the "millennium bug" poses any threat to its trading systems and expects to issue its preliminary results by next spring. FTSE International, which calculates the official prices on equity and bondReuters - 391 words
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381 1997-12-24 9 Announcement sends Telecom Corp's shares down 11.5% Bloomberg [WELLINGTON] Telecom Corp of New Zealand shares fell NZ$l.OO, or 11.5 per cent, to NZ$7.7O after US telephone company Ameritech Corp said it will sell its 24.95 per cent stake in New Zealand's largestBloomberg - 381 words
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369 1997-12-24 9 Big Board lured 93 firms from Nasdaq this year Bloomberg [NEW YORK] The Nasdaq Stock Market wants to do to the New York Stock Exchange (NYSE) what the Big Board has done to Nasdaq for years poach its listed companies. NasdaqBloomberg - 369 words
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157 1997-12-24 9 [SINGAPORE] Healthcare group Parkway Holdings has signed a $300 million loan facility jointly arranged by DBS Bank and OCBC Bank. The five-year fixed-rate transferable loan comes with an option to convert the loan to fixed-rate guaranteed bonds amounting up to $300 million. Payment of157 words
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FINANCE & COMMODITIES
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Article, Illustration423 1997-12-24 10 Neil Behrmann - 2nd-half diamnnH sales fall 16% to US$LBb; slump in Japan orders to blame From Neil Behrmann in London THE Japanese economic slowdown and the Asian crisis are hitting diamond producers, dealers and jewellers. This is reflected in a 16 per centFILE PHOTO - 423 words
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Article426 1997-12-24 10 American Bankers deal gives it foothold in credit insurance Reuters [HARTFORD, Connecticut] Global insurance giant American International Group (AIG) said on Monday it agreed to acquire American Bankers Insurance Group Inc for US$2.2 billion (553.68 billion) in AIG stock, giving AIG a footholdReuters - 426 words
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387 1997-12-24 10 Bank worried that Deutsche Bank hasn't denied talk Bloomberg [FRANKFURT] Commerzbank AG said it considers as "very serious" unconfirmed reports that Deutsche Bank AG, Germany's largest bank, is preparing a takeover bid, according to a Commerzbank supervisory board member. On Saturday, GermanBloomberg - 387 words
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291 1997-12-24 10 Reuters {FRANKFURT] Germany's BHF-Bank AG on Monday said it was pulling out of its joint venture British investment bank Charterhouse pic by selling its 50 per cent stake to French partner Credit Commercial de France (CCF). The Frankfurt-based bank, under newReuters - 291 words
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234 1997-12-24 10 {SINGAPORE] Australian insurer MMI has set up a reinsurance branch in Singapore to serve as its overseas headquarters in the Asia Pacific. Known as MMI General Insurance, the branch here is the second Australian company to undertake reinsurance business in Singapore. The other is234 words
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Article185 1997-12-24 10 SlMEZJieport Reuters [SINGAPORE] Simex Euroyen and Eurodollar futures barely twitched yesterday as the market's growing year-end lethargy was intensified by a public holiday in Japan, dealers said. Activity was confined to half-tick movements on very thin turnover and analysts and dealers said that there was little prospectReuters - 185 words
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158 1997-12-24 10 Perry Gilbert - MSCI TAIWAN FUTURES -By Perry Gilbert Perry Gilbert, vice-president, Refco Singapore Pte Ltd {SINGAPORE! The Simex MSCI Taiwan Stock Index futures were unable to hold early gains yesterday as concerns over Asian currencies continued to weigh on sentiment. Only the technology sector remained in158 words
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276 1997-12-24 10 ENERGY REPORT Reuters [TAIPEI) Taiwan state monopoly Chinese Petroleum Corp (CPC) yesterday pledged to begin selling itself off in tjie middle of 1998 a year behind schedule and complete its privatisation by July 2000. "Chinese Petroleum has planned to start the privatisation processReuters - 276 words
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Article285 1997-12-24 10 Reuters London THE US dollar slipped slightly by early afternoon yesterday compared with its morning levels, pulled down by dollar sales for yen, dealers said. At midday, the dollar was at 1.7777 marks against 1.7807 in the morning and 1.7806 on Monday, and to 130.11 yen against 130.46Reuters - 285 words
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Article, Illustration1194 1997-12-24 10 BTnBAHqMWmW 1 AS C$ IMP ECU nr 9m m MIMOmMi Yw 6» «6 «<N0» No 5$ Sir Ml 06* Nm8 l||jfl is M* 0.937 4178 0389 1094 UM 5.064 ***** ***** 0.852 H808 2 539 UZ7»«8242M 1095 1178 0.940 3UM 0293 0.6S3 CM* L8C7 5.790 OJM 466 1242 5.404 27J001,194 words
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Article1709 1997-12-24 11 SI COM FUTURES Dec 23 RU0KR (Mara do** as at SJOpn) RSS1 CONTRACTS CMts/kg) Close Volume Open Monte W|h low Sett (tots) hrtorort Jan 96 120.50 120.25 120.00 120 Feft 96 121.55 700 Mv 96 122.25 595 Apr/Jw 98 128.25 127.25 127.25 1500 ***** Jol/Sep 96 ***** 21451,709 words
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Article2325 1997-12-24 11 imm- Wk' > kiutvUs Nc 23 Noel *h 31 Group 499.400 -.600 AB Parts 300.400 .400 Abbey National 1069 29 AHIed Domecq 5T1 -3 A mac 118 unch Asda Croup m200 4.800 BAT M 539.400 .400 BGPfc 277 2 BICC 164 2.600 BOC Group 984 *19 BR2,325 words
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Article, Illustration735 1997-12-24 12 AFP Composite Indei +IUB SHARES rose 2.9 per cent yesterday on year-end windowdressing by companies and fund managers despite a weaker rupiah, dealers said. "There was a lot of win-dow-dressing," a dealer said. "Some companies are hoping to repair their figures so that the annual report financial statement looksAFP - 735 words
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Article, Illustration1578 1997-12-24 12 AFP H Hang Seng +195.63 HONGKONG share prices rose 1.9 per cent in fairly volatile trade yesterday, buoyed by an overnight gain on Wall Street and stable interbank rates, analysts and dealers said. "The local stock market is performing quite well following Wall Street's gains last night on aAFP - 1,578 words
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Article, Illustration620 1997-12-24 12 Reuters C 3 Shenzhen B Index -U< THE Shenzhen B share market ended at a new 1997 closing low yesterday, as selling focused on stocks with gloomy earnings prospects. The B Index lost 1.16 points to 92.79. Turnover was HK$2O.7 million. The previous 1997 closing low of 93.95 wasReuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 620 words
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Article410 1997-12-24 12 AFP Qwp Index -65.72 SHARE prices dropped yesterday as investors fretted about the fallout of South Korea's financial crisis. "The won breaking the 2,000-mark have investors worried that the South Korea economic crisis would spread to Japan, Taiwan, Hongkong and China," said an analyst. The Weighted Price Index fellAFP - 410 words
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Article268 1997-12-24 12 Bloomberg n Wellington -73.42 SHARES fell yesterday, with Telecom Corp slumping on news US telephone company Ameritech Corp will sell its 24.95 per cent stake in the firm through a public share sale. The NZSE Top 40-share Index fell 73.42 points to 2,227.20. Trading was valued at NZ$7O.7 million.Bloomberg - 268 words
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Article, Illustration831 1997-12-24 12 AFP Q SET Index -10.08 FOREIGN selling in the battered banking sector forced share prices 2.7 per cent down yesterday as the baht again approached historic lows. Analysts said investors were abandoning positions in Thai banks in expectation of more bad news over the quiet holiday period. The SETAFP - 831 words
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Article334 1997-12-24 12 AFP n Manila -3L52 STOCKS fell yesterday due to renewed uncertainty caused by the peso's fall and bearish sentiment across the region. "Everybody is worried about the steady decline of the peso. If you look at the region as a whole, there is still a lot of bearishness," saidAFP - 334 words
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Article415 1997-12-24 12 AFX -Asia CI Composite Index -29.70 SHARE prices closed sharply lower yesterday as concerns over the falling won and higher money market rates exacerbated early losses which were compounded by the latest credit downgrades, dealers said. They said Moody's and Standard Poor's downgrades were particularly damaging given that theyAFX -Asia - 415 words
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Article603 1997-12-24 12 AFP H All Ordinaries *65j SHARE prices rose 2.2 per cent yesterday, thanks to renewed vigour in the gold sector magnified by light pre-Christmas turnover. The All Ordinaries Index rose 55.5 points to 2,558.9. Turnover was 269.1 million shares worth A 5697.6 million. BHP climbed 34 cents to AJ14.08AFP - 603 words
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KUALA LUMPUR STOCK MARKET
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Article, Illustration501 1997-12-24 13 AFX-Asia QCompositelndez -13.48 SHARE prices closed lower across the board in thin trading yesterday after Malaysia's debt ratings were downgraded by a number of international agencies, analysts and dealers said. The KLSE Composite Index closed down 13.48 points at 556.35 on volume of 189.1AFX-Asia - 501 words
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Article9061 1997-12-24 13 INDUSTRIALS COHMMf pfWlKti 1997 LMt Vat Oay Net Cap High Law Company Sala OOP Lao P/l 790 220 Ajlnomoto 220 -10 6 231 220 12-2 89.2 448 99 Angkasa 99 15 56 114 99 2.3 146.0 905 210 ApoMoFoodHIg 270 40 1 270 270 7.9 ]O8 0 765 181 BerlayaLand9,061 words
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WARRANTS & OPTIONS
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188 1997-12-24 14 R Sivanithy - WARRANT WATCH By R Sivanithy WARRANTS are funny creatures. When everyone wants them, they provide holders with the best gains, but when they fall out of favour, they're shunned in a big way. Take, for instance, Hong Leong Finance's188 words
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Article3519 1997-12-24 14 BONDS, LOAMS i VARIANTS m w*7 urn W I!*** *5 High Lh Stno Company If Hf COOOI HI* Law —yf Sa«or 68 *03 m 3000 m AMOB c5.5******6 10.5 -0.5 25 10.5 10.5 10 10.5 81 12.5 3160 *Acor ******1 US$ 12.5 -0.5 26 13 12.5 12.5 14 131 153,519 words
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Article2194 1997-12-24 14 Of Of 1997 Last Val Day LaatOwta 0»» D* VW Mat HClf m» L— Stno Campany hH COOP) H>» L— ggWT Mw Co W »W 478 40.5 nil 5000 AlSBSOc- 413cd < 265 46 403 41 42 30 13 23 *.9 423 137 163 mi 500t AM08 50C2,194 words
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STOCK EXCHANGE OF SINGAPORE
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Article1681 1997-12-24 15 TURNOVER OOO) VALUE ('000) a tu<n ci— thi mm cm Ttti IrwfastrW 44,672 20.231 66.903 104,n5 9,116 113^30 Fin«nc» 11,743 11,615 23,356 97,449 6.209 '03,658 Hotels 2.345 998 3343 2.764 24* 3.012 Prop*fti«» 8,556 8.204 16,762 28.923 ll» 30.746 Plantation 1.534 1.534 *43 943 Muting 376 376 133 133 81W1,681 words
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Article5136 1997-12-24 15 Gr Cr M *»t 1997 Lut Vol Day Last Ouot# Oty Dlv YW Net Cap A«9 High Law StNa Company Sal* COOO) High Law B«y*r Srttaf C'yr PH $">« Price INDUSTRIALS 157 25 e 1020 ACE Dynamics60c 26 -15 351 26.5 25 26 26.5 213 27 5146 ASC5,136 words
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Article1172 1997-12-24 15 Ct Or M Wt 1997 LhI Val Day Lnt OmI« 0*v Mv YM Ndt Ca* A v« MtQh Low StNo C.m»any s.l. COOO) M*n Ln Buyac SM« Cvr P/g Smd Met 186 76 2000 *8H HMqiSc 129 6 84 137 123 129 130 3P 6.0 0.1 104.3 S7.4 1361,172 words
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Article223 1997-12-24 16 Stocks Votam* •RH6 Cap Wt99 5.712,000 •MBf Capital 4.737,000 Asia FoodS Prop 4,058,000 SingTel 15c 4,023,000 HK Land USWc 3,487,000 OUB Foreign 3,185.000 •Rekapacific Bh 2,902.000 DairyF US5c 2,781,000 UOB Foreign 2,651,000 DBS Land 2,606,000 Steti I DBS Foreign 27,196,896 UOB Foreign 25,383,270 OUB Foreign 20,609,437 OCBC Foreign 15,350,722 SingTel223 words
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Article, Illustration57 1997-12-24 16 Shiv Taneja - TS, by Shiv Taneja DAIRY FARM INT'L closed five US cents higher at U550,975 on a volume of 2.78 million shares yesterday, compared with its 10-day traded average of 775,600 units. In the medium term, the upside looks limited going by the daily and weekly MA CD charts,57 words
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Article, Illustration666 1997-12-24 16 R Sivanithy - STOCK MARKET COMMENTARY Observers blame the slowdown in electronics, lower growth forecasts and poor outlook for corporate profits next year for the weak sentiment By R Sivanithy [SINGAPORE] Lingering regional currency worries, renewed pressure on the Korean won and the absence of666 words
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ON THE GRAPEVINE
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Article144 1997-12-24 16 ITS turning out to be a sobering year-end for most, so what better way to cheer oneself up than with a nice big bunch of jewels? At a private sale held by French luxury jeweller Cartier recently, some Singaporeans reportedly went off with one of the most144 words
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Article137 1997-12-24 16 CENTRAL banks are not supposed to make headlines, according to headline hogging central banker Joseph Yam. Therefore, the fast-talking chief of the Hongkong Monetary Authority (HKMA) who was recently named the central banker of the year by Euromoney on Monday, apologised on behalf of the HKMA for137 words
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Article123 1997-12-24 16 THE word "networking" has become such an oft-abused word that it seems to apply even to the lives of elementary school kids. A soundbite caught off AM Singapore yesterday featured the principal of a local primary school commenting on the cultural exchange between the children of her123 words
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Article133 1997-12-24 16 IN PROVIDING cover for Singaporeans, NTUC Income believes in getting them fresh from the mother's womb. Income yesterday launched its First Education Fund at K K Women's and Children's Hospital. Its target: the 15,000 babies born each year at the hospital This policy provides funds for133 words
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Article57 1997-12-24 16 CHRISTMAS brings out the creative streak in some companies. Here's Jurong Town Corporation subsidiary Arcasia Land's version of the season's greetings: A time for Revelry and Cheer. A Season of Indulgences. Have A Great Holiday. It doesn't look as if the copywriter concerned is made for the big57 words
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Page 9 Advertisements
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Advertisement68 1997-12-24 9 />2S^BIGBUeS I Clean out that insectL J p. infested store room of jyours by turning your A M "junk" into cash m through a garage sale! t /A Call 1800-737 1166 J f I today to turn those big i I bugs into big bucks! J I I Classification 15868 words
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Advertisement8 1997-12-24 9 AIG buys US insurer for USS2.2b, Pg 108 words
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Advertisement8 1997-12-24 9 Zaobao i knily {run mm n»-i.im»iiM»i. 11l wmpul8 words
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Page 11 Advertisements
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Advertisement36 1997-12-24 11 ♦The Tokyo stock market was closed yesterday. The secret of success is... Taking the right course, of course. Study the wide range of courses available in the Education/Training Section in the Classified Classifications 700 to 799.36 words
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Page 12 Advertisements
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Advertisement91 1997-12-24 12 „CK Mr, .s^X' *22* *4' iM GENEVE /v*v/ J-\l I <£ j| "ij Official limrkrt'iMT Jlfas/e/' of Cimplications' 1]? lo //ft- L< \l<wi>_l Mom O) > Y 7<? (/land I ll\ V ♦''<?. '0 QIMr F P F SINCERF WATCH LIMITED: S!\(.AP()R[ t \v.« in I <»,; I l >91 words
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Page 13 Advertisements
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Advertisement77 1997-12-24 13 II 17 XIAY'S r ORMULA Has The Solution To Your Hair Problems Hay's Formula is processed from #//iv'c Formula plant extracts an unique formula. It is suitable for hair Plants Extract Lotion problems like: Brittle, Dry Hair, Oily am Scalp, Split End Dandruff etc... at With, Hey s Formula FREE77 words
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Page 14 Advertisements
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Advertisement42 1997-12-24 14 y urad rtise,^ nti readjust like TliStaSd) you still have the puppy... J described. care of him S be r,ght jT*) V~ Buyina or selling through Jm7 The Straits Times Classified is child's Play. M kf* J Call CAT.S. at 1800-737-1166.® I42 words
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Page 15 Advertisements
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Advertisement14 1997-12-24 15 Buy It. Sell It. Find It. Classified. l&T Call Today For Results Tomorrow. 1800-737-116614 words
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Page 16 Advertisements
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Advertisement670 1997-12-24 16 BUSINESS Notices f ZITT v 0 Hana Rank llncorporated with limited liability under the laws of the Republic of Koreal US$BO,OOO,OOO Dragon Floating Rate Notes due 1999 In accordance with the provisions of the Floating Rate Notes, notice is hereby given that for the period from 18/12/97 to 18/6/98 the670 words
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Advertisement464 1997-12-24 16 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BOTEK INDUSTRIAL CORPN. (PTE) LTD. (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 101 -A Upper Cross Street. #11 -22 People's Park Centre. Singapore *****80n the464 words
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Advertisement415 1997-12-24 16 IN THE MATTER Of THE COMPANIES ACT. CAP. SO ANOM THE MATTER Of BEADTECH (S) PTE LTD (In Members' Voluntary Liquidation) AT AN EXTRAORDINARY GENERAL MEETING OF THE BEAOTECH (SJ PTE LTD DULY CONVENED AND HELD AT 82A TANJONG PAGAR ROAD SINGAPORE *****3 ON 23 OEC 1997. THE FOLLOWING RESOLUTIONS415 words
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Advertisement328 1997-12-24 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 90 KIA INTERTRADE OF ASIA PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the Company deemed to have been held pursuant to Section 179(6) of the Companies Act. Cap SO on the 19 day of December 1997, the following328 words
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Advertisement341 1997-12-24 16 r THE COMPANIES ACT CHAPTER 90 SECTION 290(2Kb) WBWCB Of RESOLUTION CAMRYO PTm LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of Camryo Pte Ltd held at 30 Mac Dinh On. Ho Chi Mmh City. Vietnam on the 12th day of November 1997. the foltovMng special resolutions were341 words
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Advertisement47 1997-12-24 16 To advertise call toll-free 1800-741 1883 Cant Keep your house In order? If you are having problems with clogged pipes, over-grown gardens, pest infestations, poor TV reception, worn-out fittings and furnishings Get a quick fix. Seek help from the Classified. Home Needs Classifications 90 to 120. CATS.47 words
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SHIPPING TIMES
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Article314 1997-12-24 17 Bridge News Reuters TRADING was sluggish on the freight market with most charterers appearing to have covered their requirements. With the festive season upon us Biffex did not find any inclination to join the party, Clarkson Securities Ltd said in its daily Biffex report. Even the Baltic FrightBridge News; Reuters - 314 words
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Article264 1997-12-24 17 SIS i^smhki Nc2) tt V- 1M CWrTOMrikutton—OTIS -0005 ***** CftuanHup 035 -032 ***** C«cokwM*TMHt_a.77 *032 ***** rNWIWB 031 ***** CS HeMkiqi O-JW *0305 ***** MM Sun Hup 0.72 -0305 ***** HNacMZaaaa OA *002 ***** tKHMtofl HK 5.6 034 -035 ***** JurenaSI#yard 8AO *O.I0 ***** MnMCart 5.05 *005 *****264 words
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426 1997-12-24 17 Marcus Hand - S'pore-based company to get newbuildings at turn ofcentury By\ Marcus Hand [SINGAPORE] Singaporebased Masterbulk is expanding its fleet of open-hatch bulk carriers with orders for four newbuildings to be delivered at the turn of the century. The contract for the four 39,500 dwt open426 words
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207 1997-12-24 17 Bloomberg [HONGKONG] Hutchison Whampoa Ltd, Hongkong's biggest diversified company, paid US$3OO million (Ss49B million) to increase its stake in its Hongkong containerport unit. Hutchison bought the 5 per cent stake from HSBC Holdings pic, parent of Hongkong Bank, raisingBloomberg - 207 words
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826 1997-12-24 17 Seafarer - STRAIT TALK By Seafarer IT IS CUSTOMARY at this time of the year to look back over the past 12 months. Today this column has to be written in the knowledge that the entire transport community in Singapore will be sharing826 words
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Article, Illustration360 1997-12-24 17 Felix Chan - By\ Felix Chan [SINGAPORE) Continuing its drive into the international arena, local yard Greenbay Marine said yesterday it has bagged two newbuilding contracts worth $13 million. The first is a $10 million contract to build two self propelled shallow draft fuel oil supply barges and360 words
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381 1997-12-24 17 Reuters [CHITTAGONG] Dock workers at Chittagong continued their go-slow tactics on Monday, amid government-backed talks to resolve the dispute and stave off a threatened new surcharge for berthing delays. Dhirendra Nath Sambhu, Minister of State for Ports and Shipping,Reuters - 381 words
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221 1997-12-24 17 Reuters [DOHA] United Arab Shipping Company (UASC) is considering raising a loan of around US$35O million (*****.5 million) to help finance an expansion scheme, a top company official was quoted as saying. "We will finance 50 per cent of the cost ofReuters - 221 words
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PORT Shots
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82 1997-12-24 17 Reuters [PHILADELPHIA] Norwegian shipbuilder Kvaernar A/S signed documents with state and city officials to mark the start of a multi-year lease at the Philadelphia Naval Shipyard. Officials safd the US$7OO million (SSIJJ Mfiion) deal would mean at least I,ooodirect jobs, in addition to other jobsReuters - 82 words
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93 1997-12-24 17 [HONGKONG] Existing cross-border links are to beexpanded, and new bridges built, to link Hongkong with Shenzhen, Zhuhai and Macau. The exiting border croesings at Lok Ma Chau, Shau Tau Kok and Man Kam To will be expanded to cope with traffic, which is increasing annually93 words
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Article79 1997-12-24 17 [HONGKONG) Land premium negotiations for Hongkong's new Container Terminal 0 (CT9) have stalled again and will not be reeohred this year. Port Development Board Secretary, Richard Yuen, now says that negotiations will be concluded by the first quarter 0f1996, according to a South China Morning Post report79 words
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100 1997-12-24 17 [BOMBAY] Anglo-Eastern Ship Management's Training Centre in Bombay has been awarded a Det Norske Veritas (DNV) Management Systran Certificate, which will enable compliance with new STCW requirements. "In our continuing commitment to "safety first" we have taten the occasion ofDNVs certification of our Bombay traioing centre100 words
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Article76 1997-12-24 17 [HONGKONG] Coeco Pacific is seeking major stakes in three mainland Chinese ports with an investment of US$256 million (*****.9 million). Letters of intent tat been signed with authorities in Dalian, Qlnhuangdaoand Qingdao and contracts were expected to be signed by mid 1998. Cosco is expected76 words
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Article, Illustration1174 1997-12-24 18 BAROI2 TRANSPORTATION Dutch firm CTN has made inroads in convincing companies that moving containers by barge is a viable alternative AS more shipping lines saw the advantages of moving containers by barge, Container Terminal Nijmegen (CTN) saw its container turnover increase by a factor of1,174 words
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367 1997-12-24 18 PAGE Fl-Bright 15 ami 3 Famous 7 Accord 8 Farwide M A hr w*tel M Foon< Sun 8 Appenshtp 5 Ff0ti 15 Astro 3 Frt links 16 Austral 9 G 4 Avant 16 Gmartrans 8 B tang Mas 8 Gwsh M 9 j367 words
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Article19281 1997-12-24 26 EXPORT ETA IT* Advarttoar VMMt Voyaga THaphona ETA ETA Advartbar VnM Voyage Tetaphone SIM Paafn Not* Won* NumOar Numbar SI Owft Mm— Mm— N—ar Number flHHHHHHHHHMHMMMnMMMMMMMMMMHnMMMMNMHMMMMMMMW MNOMNMMMRMMMMMMNNMNMMMMMMNMMMNMMMMNMMMMNMMMNMMMNWM A To BRISBANE (BNE) 2058 Queensland. Australia T» ABIDJAN (ABJ) 2003 a/H 04/01 ooci kota hasil jit *5-*****0 Ivory Coast, Cote19,281 words
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SHIPS IN PORT
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Article669 1997-12-24 33 Vms4 Voy No Berth Arrival Departure Artto U*t ¥9705 J 1 anapWi 2213/0900 8t Dun *****7 JOI atonpMr 22.13/1330 M CoMm *****7 J01 HongM 22.13/WOO M Mi CM ST *****7 J01 atones** 22 13/1900 M Mam *****7 JOI aton*Jd< 24.12/0700 M to *****7 JOI tkmgudt 22.13/1700 Clt**r Ma669 words
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Article1742 1997-12-24 33 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO nootiwa/Biiufi litis Strip Voy Mo Etk/Btr Portod Frow To Tnm to«*l OKI it/2199 14 23/1500 23/1*5* 21/1*00 23/MO 21/1*99 23/1900 U 23/1700 24/0*99 2 VDWO a 23/17*0 2VMM 24/9900 1 2VD700 24/H99 24/MOO 4 2 WOO 2VMS* 2V1700 MM M1,742 words
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Article187 1997-12-24 33 Dae 24 Austria, Bulgaria, Czech Republic, Denmark, Finland, Germany, Luxembourg, Portugal, Slovakia Sweden: New Year's Day. Switzerland: Christinas Eve. Dee 2S Albania, Andorra, Angola, Argentina, Austria Australia: Christmas Day. Belarus, Bolivia, Brazil Bulgaria Belgium: Christinas Day. Brunei: Christmas Day. Cameroon, Chile. Colombia, Congo, Costa Rica, Cyprus, Czech Republic187 words
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Article834 1997-12-24 33 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges In US dollars instead of single prices for a more comprehensive description at the market. Prices shown are based on average-si«d stem. Market movements are indicated The Cockett Bunker Price Index change and the Individual834 words
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Article408 1997-12-24 33 Cartw 180 Ma 909.8 12 15.4 0.10 SO 0.02 Ok It Dwltv Water IhMm Atk Umt+m iitom HoMpmE25 0 110 0 0 %H/H 300 AM 904.6 0J 12.1 0.06 34 0j02 lam 300 Mu 991.6 0.6 17.4 0.13 63 0.06 %w/M mi rnmt HP Mom 635408 words
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AIR & LAND TRANSPORT NEWS
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Article, Illustration441 1997-12-24 34 Felix Chan - ASIA'S FINANCIAL CRISIS Hongkong carrier expects slight upturn during the coming holiday season By Felix Chan [SINGAPORE] Cathay Pacific said its November passenger revenue was down 19 per cent year-on-year and down 23 per cent on budget, amid a slump in regional traffic causedFILE PHOTO - 441 words
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243 1997-12-24 34 AFP [SYDNEY] Australian flag carrier Qantas Airways Ltd said on Monday its domestic and international passenger numbers grew in October despite predictions they would dip as the region's economies softened. Qantas domestic passenger numbers for the month increased by 5.1 per cent compared toAFP - 243 words
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Article, Illustration298 1997-12-24 34 Christopher Tan - Car will be relaunched in February next year By Christopher Tan [SINGAPORE] MercedesBenz's modified A-class compact has passed the moose test the infamous sudden lanechange manoeuvre that dented the car maker's image and cost it thousands of cancelled orders. In response to a query298 words
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161 1997-12-24 34 Bloomberg [LONDON! AMR Corp's American Airlines said it will begin two new routes between the US and Britain early next year, becoming the latest US carrier to add new services in a booming transatlantic air market. American will begin a daily non-stopBloomberg - 161 words
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295 1997-12-24 34 AFP [DHAKA] A Biman Bangladesh Airlines plane carrying 89 passengers and crew crashlanded in north-eastern Bangladesh but everyone onboard survived in what one official described as a "miracle". Civil Aviation Minister Alamgir Khan Mohiuddin said no one was killed but 18 people wereAFP - 295 words
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410 1997-12-24 34 AFP [BANGKOK] Thai Airways International and Thailand's aviation authorities have welcomed more "friendly" talks with Australian negotiators over an aviation pact which the Thais say is unfair, reports said on Monday. Negotiators failed to agree on mutual aviation rights amendments in talksAFP - 410 words
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423 1997-12-24 34 Tourism industry will be the world's biggest: study NYT [ISTANBUL, Turkey] The worldwide tourism industry will expand so fast between now and 2020 that "it will not only be the world's biggest industry, it will be the largest by far theNYT - 423 words
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Article1650 1997-12-24 34 CITY FU6HT ETA FLIGHT CTO S025 0655 0126 2355 Alu Maht 0*156 1725 0K157 2025 0,7,4 1645 2355 0F6 1840 LM7«7 2359 Uiiiiii S0230 1920 mm r*mtm mm» us sowo trns AnstrrdMi SO327 0820 SO328 2330 U.837 1540 KL838 2335 I WBW8 WOO Auckland ****** 20451,650 words
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Page 17 Advertisements
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Advertisement23 1997-12-24 17 Dutch firm CTN barges in on the competition It is convincing firms that moving containers by barge is a viable alternative. Page 223 words
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Advertisement16 1997-12-24 17 Cathay's Not passenger revenne down 19% Hongkong carrier expects slight upturn during coming holiday season. BackPage16 words
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Page 18 Advertisements
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Advertisement82 1997-12-24 18 I 111 11 ■liilllWll f WKfflf C^STMMf eVtSIOTttSKS /47PD &HSI7tSSS /tsscewtss SEASON'S GREETINGS BEST WISHES FOR A HAPPY NEW YEAR SENLIM AGENCIES PTE. LTD. 133, New Bridge Road, *06-09, Oinatown Point S'pore *****3. Tat *****00 MImH Fax: *****04 Telex: RS ***** SENUM HWBO.Y KGUUI SBVKZ TO lAST/WEST M'SIA CnliiiiMi mi82 words
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Advertisement57 1997-12-24 18 Wmmmß CAPTRANS SHIPPING LTD BIWEEKLY SINGAPORE CALCUTTA HALOIA SINGAPORE VISMi XVOY IOUTVOY CALCUTTA SINOAPOtE CAICUftt STEAMERS FAfTH 002EB 003WB 22/12/97 31/12/97 05/01/98 STEAMERS FORTUNE 104EB 105WB 26/12/97 10/01/98 AOINTS: Sm Drogon Shipping Ayntwi (A DWiion a# Jordme MaHwten (Singapore) Ud) 1 Maritime Square #10-44, Worid Trod* Centre (Lobby D) Singapore57 words
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Advertisement622 1997-12-24 18 #Memberso.*e I;■&!■?) tiy Members of the Registry of r*i jLi Singapore Freight Forwarders Accredrted Shipping Agents. Association v'i»y Singapore Shipping Association Shipping Times Just talk to us... IrisLim 740-2044 'Jarred Leong 740-2089 3 Jopor 2 Hongkong 1 Mon.lo 1 KoosWg Kmlurq iA«.phng KL to BIOC/NAHA/SBCMI/CEBUACH —wr —m —m m IBilMrivr-Tap.w622 words
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Advertisement1027 1997-12-24 19 |^M|^M^M^23S£E^oE^3sOn^PßiNiiSp^B TO EUROPE FROM EUROPE rasa vot sm tr* ham mv sou inivissa vor m ham mv sou in kg sSTI LA LOW 1517 24/11 11/01 13/01 H/01 17/01 THAME 649/ 04/17 07/12 04/12 24/11 IS/12 OOaOUUNY SSI7 17/11 17/01 15/01 11/01 13/01 TM 2507 00/12 00/12 12/1111/11 10/11 nUOVDOOMU1,027 words
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Advertisement2106 1997-12-24 19 I HANJIN SHIPPING mva/vov |mm| an Ha m do [wi oi «sr m oos on am TSi rivS Tim ra Ptk m ruE m u otfBQT ua m/u a/u u/oi 17/w u/w u/oi u/oi u/oi m/oi «i/oi 11/w n/>i 11/01 a/oi ~m/w~ u/oi m/w~ n/oi "n/oi a/>i hhowoomi w/w m/w2,106 words
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Advertisement98 1997-12-24 19 ORIENT EXPRESS UNES (U.K.) LIMITED OILL (MANAGER FOR SHREYAS SHIPPING UMITED) WEEKLY SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VtSSfl VOT SMCAfOEI tOMMY VKStI VOY lOWIAY SWCAfOUt NORDKAP 421 29/12 07/01 NORDKAP 420 19/12 29/12 SINARTQ6A 221 02/01 11/01 SINAR TQ6A 220 21/12 02/01 OOCL ADMIRAL Oil 05/01 14/01 OOCI ADMIRAL 010 24/12 05/0198 words
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Advertisement1675 1997-12-24 20 Xft DSR-SENA TOR ln8» Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT VtSgt |vOY~TSr* HTM I AWT |MV KAM~ FU UW~~[ VESStI VOT IH» FUI WV Mil Ml inmnn wrwrt al2 ij «i 14 01 un it.ti noi iiei st petirswho semtob K7M an 2411 2111 vll an al21,675 words
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Advertisement1214 1997-12-24 20 MY LmIRIEI yml Web Site http: //www.yml.com.tw jftm I&;1 ffc *a [/!jju2iliiUt£lJliidilMiiiJ^i!liill^l!^iiiiiiiiiMillUliliiiiiliyyinHl vmaWEßaYfVßrr ™uwoay/M«AY VESSEL VOY SIN CMS BTK HAM FXT LEH ANR MING SOUTH J7SIW 25/12 14/01 16/01 17/01 19/01 MINGMOON A7SIW 26/12 30/12 17/01 15/01 14/01 19/01 DOVER BRIDGE A752W 02/01 06/01 24/01 22/01 21/01 26/01 MING NORTH1,214 words
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Advertisement632 1997-12-24 20 LINE VJL mi IiUMI FAXi *****37 MUARA "1 LABUAN "1 vtssa vot itd in vnsa vor no ita SPOtl MUAIA SPOtf UN iraosrai wot/v su> 75/12 lpmspb v*e/»7 sic a/12 APtaaoor via/97 a/12 30/12 imootr *321/97 21/1211/12 JPROSPB V3IC/97 01/01 04/01 JPtOSPIR V3IC/07 01/01 05/01 APMGLOtT VOII/90 04/01 09/01 tfUGLOtT632 words
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Advertisement1129 1997-12-24 21 I VESSEL VOY |MN 1 BKK POU PKO PEN BLW SUN lOA OIK ■UN MOOM PJL-1202 02/12 11/12 13/12 RAM VAHOAT PJL-1269 20/12 04/01 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. AZARBAUAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN. TADZHIKISTAN A GEORGIA VIA B. ABBAS, BIK AGENT 11,129 words
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Advertisement1589 1997-12-24 21 ISMGATOKE'S GENERAL AGENTS: 6 SHEMTON WAY TEL 226 1900 FAX: *****08 OUTWARD (l/U^^^^2osSo^™™!oHosnSFlS? 8,,,, ,liM ,Blil ,1 ~l,i ~,BM" COSTAR SNIPPING PTE LTD #17-OINSHOG SAUS/MGS *****41/43 MWAID DIPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BND Q NO; **********0 M TOWEi TWO (*****9) COWVIimOWAI *****50/SS T/SHPWPEfT *****25 TIL 02-07-35 *****1,589 words
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Advertisement523 1997-12-24 21 I v .fi EASTERN CAR UNER, LTD."Tf3XT* fc) Ea (SINGAPORE) PTE LIP SI7JSHL sfKMun w moi EQKSMWOtQffiITV LOADING FOR YANGON POST KLANG/KUCHMG/MUARA/ MV "COSMIC CHALLENGER" V.S6 KOIA IONABAUU ETA SIN 23/12/97 MV 'OCEAN BLUE" V.50 ETA YGN 28/12/97 ETA SW 27/12/97 EIA PKL 28/12/97 EIA KUC 30/12/97 ETA MLIARA 02/01/98523 words
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Advertisement1259 1997-12-24 22 p*l 4 T i I SBP ROM ANW HBG THP ZEE LHV IHV TUP ROM ANW HBG PKL S6P E. RESULT RW-4M7 27/12 11*1 21/11 17/01 11*1 20/01 21*1 E. GLOWING RE-042 21/11 27/11 21/11 11/12 28/12 E. ROYAL RW-03S 13*1 23*1 21/11 24/11 2MI 27*1 21*1 E. GAINING RE-HI1,259 words
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Advertisement877 1997-12-24 22 SSIKMI WWA I i\-/\ J WW.IMHTWI- 80U: (064) *****9 MAMUf fU) *****81 v V PENANQ: (04)*****36 BAMQKOK: (662) *****67 SURABAYA: (31) *****0 P. WB-ANQifM) *****77 JKE (21) *****07 MPlfc (61) *****3 PUSAN USA/JAPAN MV "EUROPEAN EXPRESS" V.I6N MV "SEVEN SEAS CHARIOT" V.632E ETA SIN: 26-12-97 ETA SIN: 28-12-97 ROTTERDAM/HAMBURG AUCKLAND877 words
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Advertisement447 1997-12-24 22 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vtssa I VOT si I mj out I CTT I i/iw mmrmg om n/i? ii/di h/ii immiyaus O?4S 04/D1 12/D1 H/Dl 21/tl 2XDI GOtDBI MAGOW 00K 12/D1 22/01 MP) 31/01 ijjgimm oits it/01 03/w 07/ M jjjgM QUffll OTSS ?S/PI 02/0?447 words
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Advertisement570 1997-12-24 23 i BSA 4 JULWI IJII |J Mt M MYANMA FIVE STAR UNE (Myaaaar National Um) Loading for Yoagoa (Raagooa) Vissa VOT SIN PIG KM PGU PATHBN 144W SU HN-AN 239W M PT MAUTSIA AGENTS: KXrtTIAC SHIPPING AGtNOES MIL Ttl 02-03-*****00 PKL TU 02-03-3744)01 PQfc HI 02-04-2*1140? PGO: TH 02-07-*****21/4 BANK570 words
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Advertisement1300 1997-12-24 23 HYUNDAI MERCHANT MARINE CO. UP. Ivcsa VOT I SIN I UH I ITM lAW I HAM I Ml I ftl IVISSII VOT UN IMI I HAM PEL lAWI W I SIN HTGBKRAI JO9W 20/12 15/01 14/01 10/01 10/01 10/01 21/01 NT ((NBMOOOtf 3001 M/ 12 07/12 07/12 M/ 12 00/121,300 words
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Advertisement609 1997-12-24 23 I FAMOUS CONTAINER UNES I Mm** 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 s/T" HOT UNE: *****33 (30 UNES) WB Kg MWEM:- lanfrtmil HM«.MWE»:-^>ini—*lllll Call Us *****33 For Bookings Attractive Rates! Surabaya, Ho Chi HaiS^^VDETNAM Keelung &Tfbrb Port Kelang Penang, W. MALAYSIA P KLANG PH: 0203/*****33 (20 UNES) PENANG PH: 0204/*****7609 words
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Page 24 Advertisements
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Advertisement896 1997-12-24 24 IANOKOK/lAlli CHABAMO JA K AWT A/PA N JANG VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN XETHA BHUM 222N In Pt 28/12 MATHU BHUM 364S 26/12 27/12 BANI BHUM" 77N In Pt 27/12 28/12 MATHU BHUM ***** 28/12 27/12 SINO OCEAN OCNQ39 In Pt 27/12 DANU BHUM' 018S896 words
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Advertisement673 1997-12-24 24 PUL INTERNATIONAL LINE puTmternatk>nal My MM Mad hrf" IM t l-te fad to, My bMa to pM *mm caMart m MM Un MIAMI (IJTC 1) 5 SI6S/WK yy YOT I >IH 1 jiT 755 lEaP™ 1 a I iifii 1r I sal 1 IrHH MiAAU l/AitM* g tif I M/H673 words
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Advertisement721 1997-12-24 24 ACCORD A SHIPPING PTE LTD TIL ***** IS (40 Unei) PAX *****30 POffTKLAMG 1031M7 1001 M M WWfCT ACCESS Tft: *****55 (EXPOOT 0OO4UNO) MSM GUDAHC <07)UII 177 *****34 (EXPOOT DOC), *****39 (IMPOOT) KMAMG 104) U1144$ OOt:HTTP://WWW.ACCOOO.COM.SO WUUTU (71) 040 0770 VAA^ fmy® mjmM to all our clients, bu&mes& and friend*721 words
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Advertisement523 1997-12-24 25 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE "m VOY DAM/R DAM H BURG BREMEN ANTWERP A VESSEL 42W8 517 9it OMIT 13/? TO AUSTRALIA T~ I FULL CONTAINER SERVICE m BNE SYD MIL HSA MX. FWE AUST ENTERPRISE V.IOI I*l2 2*12 31/12 02*1 06,01 11«1 NO. CRYSTAL VS3S 2V12523 words
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Advertisement878 1997-12-24 25 f aaaapff pacific international unes (pte) ltd I 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I I NO: **********06 "iiiirs A w, k lOTA HADUH H1A023 IZJ iZJ 14ZJ UZI UZI 25ZJ lln ILL. 00(1 ACCORD 145 IB LLZJ Z2ZJ 24/1 ttZI UZI 1/2 1/2 ROM tMMNN HSOT7 19/1878 words
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Advertisement786 1997-12-24 25 |gg^§SS^H| VESSELS VOY SIN JED MLA LEH HAM THP RTM ZEE VM-LE 06 VIRGO S23W 30/12 07/01 12/01 2CVOI 21/01 22/01 23/01 WJ-EOE NORMA N23W 06/01 14/01 IftW 26/01 27/01 26/01 28/01 28)01 VtLLE DE GEMINA H23W 15AM 2VOI 28/01 02/02 04/02 06/02 06/02 07/08 VJ-ED-ORION Y23W 2tVOl 28/01 02AB786 words
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Advertisement36 1997-12-24 27 To retrieve more schedules, just follow these simple steps... 740-6000 your -3mdkey in the four number digit code Key in your Exsmpto: r-l—l fax number |To NEW YORK (NYC) 2275 United States •for calls within Singapore36 words
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Advertisement989 1997-12-24 30 SAMUPERA SHIPPING LINE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 mmmmm TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR HO. ID47S6BMSOO BOOKINGS CALL DIRECT LIME: *****41/43 JE^ICA/CELIA/ME^HAN IQTIGIZHBQBSi 7 SLGS/WEEK 3 slgs/WEEK I VESSEL [VOY Ism |JAK I VESSEL |VOY \SM |BUR SMARNUSA 9M IN PT989 words
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Advertisement341 1997-12-24 30 Pv, NEWARK SHIPPING I J AGENCIES PTE LTD I 48-A Campbell Lane, Singapore *****1 S CHfTTAGONG BOMBAY 1 CALCUTTA If NHAVA SHEVA COLOMBO A MADRAS P DUBAI/JEBEL ALI 0 TimCORIN n HT COCHIN E KARACHI MALDIVES CALL: (65) 294 0949 FAX (65) 294 9395 Agmmftr CONTINENTAL LINES tNTL BREAKBULK CONTAINERS341 words
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Advertisement513 1997-12-24 30 SIN FAR EAST 28/12 KEELUNG/KAOHSIUNG 28/12 BANGKOK 29/12 MANILA/CEBU 29/12 JAKARTA/BELAWAN/SURABAYA 29/12 PORT KELANG/PENANG/E MALAYSIA 30/12 BUSAN 28/12 TOKYO/YOKO/KOBE/NGO/OSA 28/12 HONG KONG SIN CHINA 28/12 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU OALIAN/SHANGHAI/XINGANG TIANJIN/OINGDAO/HAIKOU SIN EURQPE/UK 28/12 LDN/FLX/LVP/SOU ROM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIN USA/CANADA 30/12 LOS ANGELES/NEW YORK all IPI points513 words
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Advertisement510 1997-12-24 30 Singapore Soviet Shipping fl&Co. Pte. Ltd. CR NO: **********0N BOMBAY VESSEL VOY SIN BOM PNG PKL TRADE FAST TFS2O6 27/12 04/01 18/01 18/01 ORIENT CORD 107N 02/01 10/01 22/01 24/01 HAI XJONG HXGO6I 11/01 1 W*ol 31/01 01/02 TRADE FAST TFS2O7 19/01 27/01 08/02 09/02 REGULAR MONTHLY RO-RO BREAKBULK SERVICE510 words
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Advertisement1170 1997-12-24 31 i ASIA MEDfTERRANSAN EXPRESS (AME) WESTBOUND SERVICE i I VESSEL I VOY I SIN I CMB PW GtN BCN L£H I ANR I FEL MSC RQSSEIIA 9750-3 27 DEC 01 JAN 10 JAN 13 JAN )g JAN 18 JAN 20 J AN 2JJAN MSC ALEXA 9751-3 05 JAN 09 JAN1,170 words
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Advertisement1671 1997-12-24 31 I rasa wur pjoanf vm I ham I sou Ii»I m 1 m |vtssa pjoang-I swttl m pusah! bw hkt kooi woo 1 shnnzul tto ~j LAIOMf 1517 J4.11 15.11 24.12 11*1 14.01 17j01 11J1 MNI 24*7 22.12 2111 OMfT OMIT OMIT 2112 OaGBUMNT 3517 24.12 2112 24.12 12.01 11011,671 words
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Advertisement462 1997-12-24 32 I VESSEL VOY SIN MAA SIN TIGER ISLAND 589N 19-22/12 2S-29H2 03-04*11 TIGER BRIDGE 590N 24-24/12 29-0 M) 1 o*o7/01 TIGER BAY 591N 25-27/12 31-04/01 09-1001 TIGER WAVE 592N 30-31/12 05-0801 13-14/01 TIGER ISLAND 593N 03-04/01 06-12/01 17-18/01 TIGER BRIDGE 594N 06-07/01 12-15/01 20-21/01 [VESSEL VOY SIN CAL SIN TIGER462 words
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Advertisement478 1997-12-24 32 I freight links express Y 62 T°h Guan Road, Singapora *****1 Tel *****66 (60 Unas) Fax: *****33 E-mail flesin@singnet.com.sg LCL FCL SERVICES FROM SINGAPORE TO SOUTH AMERICA BUINOS AIMS (BUE)/SANTOS (SSZJ/VALPARAISO (VAP) ETP SIN Etd BUE Efd SSZ Etd VAP CSAV Santos VOO4N 31/12 15/02 Intelligence Container VICBOIS 05/01 03/02478 words
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Advertisement1130 1997-12-24 32 n |OOCI (S*nooporo) Pto Lid CFS Keooel aw #11-04 (S) ****** Mk SIS 001-120 t mmky VS), V CINO **********0H kfc 272 7027 cat 3269 18C T«l *****13 Foi 221 394? F«» 27? 7025 TO USA S» SfO |QU| CM MEM KTC OVTBOttND I'w 1 IMB ADi I* Aft CHINA1,130 words
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Page 33 Miscellaneous
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Miscellaneous134 1997-12-24 33 I 110E s LEGEND: R Thunderstorm Temperoture c y Shower Weother _X Wind direction with speed m knots e Rom V Cloudy Sky Wov< b 9 hf Swfoce winds ore mdkoted by orrows wkh fly with the wmd One fu» circle represents calm or light ond vonoble wmds 1— One134 words
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Advertisement70 1997-12-24 34 11) VI.V. "OCEANIA QUEEN" VOY. 23 ARRD 18 DECEMBER 1997 |2)M.V. PACIFIC EAGLE" VOY. 15 ARRD 19 DECKMBFR 19V Consignees of all damaged cargoes ex the captioned vessels are hereby notified ;hat a general survey will he held oti the 26 December 1997 0900 1200 hours at P9 (NTY's Office).70 words
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