The Business Times, 8 January 1998
1998-01-08
1
38
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The Business Times
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Title Section12 1998-01-08 1 The Business Times MITA(P) ll<yi2#7 Internet: http://www.asial.com.sg/biztimes SINGAPORE THURSDAY, JANUARY 8,1998 85c12 words
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Article, Illustration907 1998-01-08 1 Larry Wee, Eddie Toh - Anwar confirms Bank Negara intervention; MAS warns By] Larry Wee, Eddie Toh m Kuala Lumpur CENTRAL bank intervention, both real and rumoured, yesterday helped regional currencies contain their losses on the fourth day of relentless selling in foreign exchange markets since the startREUTERS - 907 words
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359 1998-01-08 1 Sill has fallen 10.0% since the start of the Dew year [SINGAPORE] Selling momentum gathered pace in the Singapore stock market yesterday, with prices falling by another 4.9 per cent to bring the losses since the start of the new year to 10.6 per cent.359 words
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223 1998-01-08 1 am 19 praßflluilk OK mMRUM poll: Muhammadiyah AFP [JAKARTA] The head of the country's second-largest Islamic group yesterday urged the legislature not to nominate President Suharto for a seventh five-year term in office, reports said yesterday. "Re-electing President Suharto means we maintain the status quo,"AFP - 223 words
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431 1998-01-08 1 One possibility is that the Fnnd may bold 2nd instalment of loan Reuters [WASHINGTON] IMF officials on Tuesday called Indonesia's economic crisis worrisome and faulted the Jakarta government for failing td follow through on pledges to restructure the nation's economy, theReuters - 431 words
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Page 1 Advertisements
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Advertisement17 1998-01-08 1 arSw*! wmwi ST Mr.** flNMMXifcKMNnsnt j s|| W% r m- jsPHi Es:r] Wjfafl 8 ■Hlnll hhh BBiWilißi17 words
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Advertisement11 1998-01-08 1 tumble, Pg 13 RopUh dhres to low of 8,400, Pg 411 words
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Advertisement19 1998-01-08 1 f I »f, Ml t ft V, 1 1.1 II Ii;\! I I till Iti i« mrm*, W: L|:19 words
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Advertisement15 1998-01-08 1 Promo* WMi to revise IMF targets, Pg 4 IWltoai tHMmg towards debt moratorium, Pg 415 words
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SINGAPORE AT HOME & ABROAD
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632 1998-01-08 2 Teh Han Shih, Carel Eag - Bwimaw aikfar futer rttoueaf iUti funds Mt aside fcriaamttan By 1 Teh Han Shih, Carel Eag 9ANKRUPTCY laws have to lie changed if Singapore is to treed entrepreneurs and proVote innovation. This was one Of the recommendations put fcrth by a632 words
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180 1998-01-08 2 SINGAPORE most continue to invest in its defence force, ecoMale slowdowns notwithstanding, Deputy Prime Minister Tony Tan said yesterday. "Bnilding a credible defence force Is a long-term process which requires prudent sad steady investment over many years," be said at a ceremony180 words
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Article164 1998-01-08 2 A 29-YEAR old executive of OAC Insurance, Gilbert Pak, was won this year's Asean Young Manager award (Singapore). Law Song Ksng, president sf the Life Insurance Association of Singapore (LIA), yesterday presented the award to Mr Pak, who won on the merit of bis managerial164 words
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297 1998-01-08 2 Carol Eng - By Carol Eng SINGAPORE must innovate to compete in the 21st century and the regional turmoil underscores the urgency for this need, said Minister for Education Teo Chee Hean yesterday. At the National Innovation Forum, whose theme was "Innovate or Evaporate", he said that297 words
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Article, Illustration462 1998-01-08 2 Jenny Lan - By« Jenny Lan PONTIAC Marina has failed in its applteatfcjtflßr summary judgement against former tenant French fsshion retailer Lanvin. The developer of Millenia Singapore in Marina Centre recently sued Lanvin Singapore for rents due foom the remainder of Lanvin's lease at MilleniaFILE PHOTO - 462 words
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Article, Illustration304 1998-01-08 2 Audrey Tan - E7EOM THE ECONOMY Jobs By< Audrey Tan THE volume of job ads in local newspapers took a dive in December, falling 14 per cent compared to the same period a year ago. This is the second consecutive monthly drop, as total job ad volumeEPS - 304 words
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318 1998-01-08 2 Teh Han Sih - Cnnpany sees China market gaiog strag as S-E Asia stumbles By Teh Han Sih IN a reflection of China's strong economy and Southeast Asia's currency crisis, US networking firm Cabletron Systems is transferring staff from Singapore to China, a company executive318 words
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338 1998-01-08 2 Abdual Hadhi - By* Abdual Hadhi SOUTH Korean conglomerate Samsung has officially announced it will be trimming output in South-east Asia. In a statement issued yesterday, the group said: "Production at Samsung's domestic facilities will be, for the time being, substantially338 words
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NEWS Roundup
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51 1998-01-08 2 THK coordinating meeting ofthe Singapore-Thailand Civil Service Exchange Programme, which was inaugurated yesterday, has agreed to cooperate in several areas o*bt the next 12 months. Sailor officials from both countries will work jointly on information technology, productivity, and fratnfrny trayfawrw, trade and industrial park51 words
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Article62 1998-01-08 2 REEBOK International has opened a Reebok Concept Store in Suntec City Mall to showcase its proprietary footwear and apparel technologies and equipment. The store was conceptualised by Royal Sporting House. According to Reebok executives and Royal Sporting House, the store will serve as a model for62 words
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49 1998-01-08 2 BUYERS of Digital personal computers can now enjoy up to three years of on-site professional service, compared with the standard one-year on-elte and three-year carry-in warranty. The enhanced service warranty, called Digital Service Box, is offered at 1&9 cents a day per system.49 words
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Page 2 Advertisements
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Advertisement90 1998-01-08 2 We provide consultancy services on offshore structures, shelf companies aid incorporations in ALL jurisdictions, including British Virgin Islands Mauritius 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 qualified90 words
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Advertisement136 1998-01-08 2 r AEROSPACE REGIONAL f MARKETING MANAGER I Growing Aerospace company providing worldwide distribution of military spares and related accessories and component overhaul and repair support seeks an International Sales and Marketing Manager to support and develop sales in South East Asia and the Pacific Rim. Candidate must have previous experience136 words
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Advertisement18 1998-01-08 2 Iflairti tmlm rtocfca tumble, Pg 13 f 0 MIKIMOTO I Tke Originator of Cultured Pearls Sincc 1893 Centre,18 words
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FOCUS: PROPERTY
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Article996 1998-01-08 3 Property transactions for districts 11 and 21 (sectors 28 to 30 and 58 to 59) lodged between Nov 10 *97 and Jan 3 "96 Wis? m ""uffl w (SOFT) (SS-OOO) 69 District tl Chancery Court Apt 10/0097 99 2271 1068 470 Chancery Court Apt OW97 99 2034 970996 words
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Article, Illustration603 1998-01-08 3 Jenny Lam - Uptrend is in sharp contrast to the overall 12.4% drop islandwide in landed property prices last year By, Jenny Lam [SINGAPORE] Freehold landed property in district 11 bucked the market trend last year when it ended the year with a nearly 4 per centFILE PHOTO - 603 words
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168 1998-01-08 3 DESPITE the property market slowdown, real estate agency ERA Realty Network said yesterday its sales for 1997 surpassed earlier projections to hit $3.09 billion. ERA said its 1997 sales were 24 per cent higher than the $2.5 billion worth of properties168 words
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Page 3 Advertisements
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Advertisement21 1998-01-08 3 Your weekly guide to -fy WjT and lounges p C* w*")' T^e New Paper Fastads, M J every Friday. fastads ZA/31DKf9/tH21 words
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Advertisement126 1998-01-08 3 COLLECTIVE SALE BY TBIDER TWOADJOaaNGRBBBfIULRBEVELOPMENT STIES ATLBKKOfKBMPATINearItembanganMST) 1 Site am PAN IStANO EXPRESSWAY -i Parcal A: 1581.3 sq m [17.021 sq It] parcel* MMCCI a Parcat B: 1479.9 sq m [15.929 sq It] 8 _jj i_ ConHwnad Land Area: 32.950 sq ft (Appcox) j Tenure: freehold D6P Plot Rabo: 1.6.10126 words
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Advertisement331 1998-01-08 3 ART OF PAMPERING m* IS KNOWING when LEAVE m > GUESTS' Ml Ml I Corte* the day in the serene comfort of our plush Living Room, unperturbed by the rest N of the world. Quietly confident that an unparalleled level of service is only a gesture away. NEGARA In fact331 words
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MARKETS IN TURMOIL
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704 1998-01-08 4 S N Vasuki - INDONESIAN BUDGET Muslim leader's call to reconsider re-electing Suharto also dampens market sentiment From S N Vasuki in Jakarta MARKET reaction yesterday to Indonesia's 1998-1999 budget was unremitting, driving the rupiah to a nadir 0f8,400 to the greenback as704 words
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Article, Illustration178 1998-01-08 4 Reuters [JAKARTA] Indonesian President Suharto's half-brother Probosutedjo said on Tuesday that Finance Minister Mar'ie Muhammad should step down as his policies had failed to address the currency crisis plaguing the country. "Prices of goods have risen, industries have been closed, the unemploymentReuters; AFP - 178 words
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332 1998-01-08 4 Difficulties cast doubt on measures, pose dilemma for IMF Reuters [LONDON] Tough targets set by the IMF for more than US$lOO billion (Ssl73 billion) of Asian bailouts are in growing jeopardy following a disappointing Indonesian budget announced on Tuesday, analysts said.Reuters - 332 words
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Article, Illustration651 1998-01-08 4 Bruce Cheesman - Gentral bank not rating oat intervention as NTS, stocks slide From, Bruce Cheesman in Taipei ALL eyes are on the central bank as Asia's economic chill shows the first signs of roiling the currency and stock markets of Taiwan dubbed the "Switzerland of theSource: Bloomberg - 651 words
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306 1998-01-08 4 Al Labita - From. Al Labita in Manila THE Philippines Central Bank yesterday denied rumours that the peso's sharp plunge against the US dollar had sparked bank runs in the country's commercial banking system. The beleaguered peso hit another record intra-day low of 46.55 to the306 words
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Article, Illustration609 1998-01-08 4 But fire sale of assets may be best way oat of the quandary AFX-Asia [BANGKOK] The weaker baht and a severe shortage of funds have prompted renewed fears that Thailand may be forced to declare a moratorium on its external debts, and a fireAFX-Asia; AFP - 609 words
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386 1998-01-08 4 Figures need to be adjusted to reflect reality, he says The Straits Times THE review Thailand is seeking of the International Monetary Fund's (IMF) US$l7.2 billion (5530.3 billion) rescue package is no more than a move to "fine tune" theThe Straits Times - 386 words
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Page 4 Advertisements
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Advertisement18 1998-01-08 4 J Impress your friends with RmJ t SuJaf GlatsifiW this witlt«a4. smatpay lr&jr W T I CATS. I18 words
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Advertisement16 1998-01-08 4 Lunch Guide I W Your weekly guide to good food -The New Paper Fastads, Monday fygfadg16 words
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REGION
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Article, Illustration493 1998-01-08 5 Loh Hui Yin - HONGKONG Bepreeeetatiiwef other natins briefed on steps taken to contain bird flu From, Loh Hui Yin HONGKONG will allow the import of live chickens from China to resume only when it is satisfied with the hygiene standards here and on the mainland,REUTERS - 493 words
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321 1998-01-08 5 HONGKONG tetjfktaogripmr its richest province AFP A MAJOR political reshuffle is about to take place in China's booming southern province of Guangdong, according to reports here yesterday. The sweeping personnel changes will be made when the 9th Guangdong People's Congress, the province's local parliament,AFP - 321 words
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434 1998-01-08 5 SHANGHAI AFP CHINA'S State Council, or cabinet, is planning a merger of at least five Shanghai news organisations, including the national giant Xinmin Evening News and Communist Party paper Wenhui 800, to form a holding group, sources said yesterday.AFP - 434 words
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Article82 1998-01-08 5 KUALA LUMPUR Reuters Bernama THE Malaysian government has agreed to withdraw a proposed freeze on annual salary increases for senior civil servants. Abdul Rahman Manan, deputy secretary-general of the civil servants' labour union, said the group was informed of the decision by the PublicReuters; Bernama - 82 words
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155 1998-01-08 5 NEW DELHI AFP INDIA'S once-dominant Congress party, gambling on the aura surrounding the Gandhi dynasty, announced yesterday that Rajiv Gandhi's widow and daughter will both campaign for the party in upcoming elections. The party said that Sonia Gandhi will launch her campaign atAFP - 155 words
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Article289 1998-01-08 5 BEIJING Reuters CHINA'S economy will pick up this year after lower than expected growth in 1997, but a growing army of jobless will be a major problem, a top government think tank said yesterday. The Chinese Academy of Social Sciences (Cass) forecast growth this yearReuters - 289 words
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290 1998-01-08 5 TAIPEI Taipei negotiator urges Beijing to resume talks AFP TAIWAN'S top negotiator yesterday saw signs of thawing in Taipei-Beijing ties and urged China to resume talks despite disputes between the rivals. "Over the past year, a twist has developed for theAFP - 290 words
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Article139 1998-01-08 5 HANOI Bloomberg THE World Bank said it approved a loan that will enable Vietnam to move ahead with plans to end more than two decades of default on its commercial debts and return to the international debt market. The US$35 million (5161.7 million) loan, thoughBloomberg - 139 words
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264 1998-01-08 6 KUALA LUMPUR AFP MALAYSIAN employers planning to lay-off foreign workers have been warned to inform authorities to arrange their deportation or face charges, reports said yesterday. Deputy Home Minister Ong Ka Ting was reported as saying by the New Straits Times daily thatAFP - 264 words
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Article, Illustration693 1998-01-08 6 Lu Ning - cm* WATCH Tariff exemptions on capital goods imports reflect shortage of govt fands By Lu Ning CHINA kicked off the new year by finally announcing its long-awaited decision to partially restore tariff exemptions to foreign investors for capital equipment imports, effective last693 words
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467 1998-01-08 6 TOKYO Collapse of 2 private banks sends depositors looking for safety Bloomberg JAPANESE savers poured a record 3.34 trillion yen (5544.3 billion) into the state-run postal savings system in December as the collapse of two private banks sent depositors looking forBloomberg - 467 words
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318 1998-01-08 6 BEIJING AFP CHINA is planning a sweeping overhaul of its traditionally fragmented pharmaceutical sector, grouping together smaller firms and picking top companies for preferential treatment, Xinhua reported yesterday. The top 50 out of about 3,300 pharmaceutical enterprises will be selectedAFP - 318 words
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376 1998-01-08 6 BRUSSELS Tokyo not planning to export its w&y out of stamp: official Reuters JAPAN is keen to reassure European Union (EU) officials worried about its growing trade surplus that Tokyo does not plan to export its way out of a slump, aReuters - 376 words
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Article, Illustration58 1998-01-08 6 (SYDNEY) A man looks quizzically at a giant Inflatable statue by South Korean artist Choi Jeong Hwa named The Joke which stands in the centre of Sydney's busy tourist shopping centre, the Queen Victoria Building, yesterday. The 14-metre pillar with a Rubenesque goddess perched on topAFP - 58 words
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260 1998-01-08 6 BANGKOK Reuters THAILAND plans to ask Malaysia's help in stamping out a renewed separatist campaign by Muslim guerillas in southern Thailand along their joint border that has killed nearly 20 Thais in the past two months. Foreign Minister Surin Pitsuwanis toReuters - 260 words
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Advertisement45 1998-01-08 5 1 Do You Want to Know, who in Singapore have Published by DP Information Network Pte Ltd (A Member of the DP Financial Associates Group of Companies) 3 Killiney Road #04-08 Winsland House Singapore *****9 Telephone 738 1900 Fax 738 8982 e-mail dpinfo@pacific.net.sg mm in.45 words
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Page 6 Advertisements
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Advertisement31 1998-01-08 6 zssm If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. t Another Classified Service TODAY i «*tt» 131 words
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Advertisement13 1998-01-08 6 Buy It. Sell It. Find It. Classified. Call Today For Results Tomorrow. 1800-*****0613 words
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Advertisement59 1998-01-08 7 'vafeiU-.s-iV; Mlfe WMMIBII^^^H <>% 12± ..-Ikfe -£^^H ji-. O ife *<£* »*j *fite*. -J&M iiiff 1* hnrliFSn I Ipi ■raras^paip^f^: 'I 1 P%' i BI'M HUM '"y^^-^^W B"- r P.-;:/ v^SpW fc: ■Rr«l- .-.•rt- I i /•l 4s<av f <•! SwHW p\ :i •4*^jP^ j<Vy < A V'-' WELCOME HOME59 words
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THE WORLD
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182 1998-01-08 8 BRUSSELS Bloomberg THE European economy will notch the fastest growth in nearly a decade this year, undeterred by the Asian financial crisis, European Union Monetary Affairs Commissioner Yves-Thibault de Silguy said. Mr De Silguy said the European Commission continues to forecast 3 perBloomberg - 182 words
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253 1998-01-08 8 PARIS Talks come u Iran president is being interviewed on CNN Reuters THE United States and France began new talks yesterday on a US threat to impose sanctions against the French over a US$2 billion (553.5 billion) natural gas deal withReuters - 253 words
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483 1998-01-08 8 CHICAGO Pri€6 increases under control, but tight labour market risks accelerating Reuters US Federal Reserve governor Susan Phillips on Tuesday warned that the war against inflation was not over yet, as she painted a generally rosy picture of the US economyReuters - 483 words
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317 1998-01-08 8 WASHINGTON ■any now turn to bankruptcy as first option: Visa USA Reuters PERSONAL bankruptcies are at record levels in the United States despite growing prosperity from seven years of economic growth, a major credit card company said on Tuesday. Visa USA said personal bankruptcyReuters - 317 words
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Article, Illustration78 1998-01-08 8 [CARACAS, Venezuela] Two fishing investigators measuring the body ofone of over 140 dolphinsfound dead on the shores of Venezuela's La Tortugaisland in the Caribbean on Monday. A navy official said the cause of the deaths was unknown, but the species was uncommon in these waters. He scud threeREUTERS - 78 words
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WORLD Watch
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64 1998-01-08 8 Reuters [LONDON] Prime Minister Tony Blair is confident the European single currency can get off to a successful launch during Britain's six-month presidency of the European Union, his spokesman said yesterday. He was briefing Journalists ahead of talks between Mr Blair's government and theReuters - 64 words
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Article, Illustration66 1998-01-08 8 AFP [LONDON] A Chinese dragon dancing between s 1932 Aston Martin (left) and a 1936 Bentley (right) in London's Chinatown on Tuesday at the launch of the "Around the world in 80 days motor challenge" for vintage and classic cars starting in AprilAFP - 66 words
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71 1998-01-08 8 Reuters [FRANKFURT] Germany's giant IG Metall metalworkers' union said yesterday the planned strike in the east German steel sector will start on Monday, when 4,000 workers at three steelworks will strike over pay. It will tell workers at three plants in the BrandenburgReuters - 71 words
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94 1998-01-08 8 Bloomberg [BONN] German industrial production rose 0.3 per cent in November from October and climbed 4.2 per cent from a year earlier, led by rising factory output, the Economics Ministry said. The advance was close to the median forecast of analysts polled by BloombergBloomberg - 94 words
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60 1998-01-08 8 Reuters [LONDON] A survey showed Britain's service sector grew slightly Casta- in December, confounding impressions of a Christmas slowdown as monetary authorities began monthly talks on interest rates yesterday. The Chartered Institute of Purchasing and Supply's study found new business accelerated last month—itsReuters - 60 words
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344 1998-01-08 8 BONN Talks with opposition atandonod; govt falls back an original plan Reuters CHANCELLOR Helmut Kohl's coalition yesterday abandoned its bid to reach a compromise on tax reforms with the opposition Social Democrats (SPD) before Germany's general election this autumn. LeadersReuters - 344 words
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189 1998-01-08 8 FRANKFURT Bloomberg DEUTSCHE Telekom AG's rivals said that, in Germany's first week of full competition, hundreds of thousands of customers are using no-strings-at-tached services that let them pick a new phone company with each call. The handful of companies already offering services, such as MannesmannBloomberg - 189 words
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Page 8 Advertisements
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Advertisement179 1998-01-08 8 Announcing: a new semester at the California State University program for College students living in Singapore /'students Enrolling^ Students who have completed High School may f at thG COIIGQ6 CdCTipUS J now enroll at the OFS College in Singapore to do H6C6 NOW the first two years of a California179 words
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EDITORIAL & OPINION
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Article, Illustration685 1998-01-08 9 Anisha Sabhlok - THE BOTTOMLXXE OPINION By Anisha Sabhlok The author, an economist, is a freelance writer based in Singapore INVESTORS, stunned by the unexpected severity of the South-east Asian crisis, are not rushing to explore the vast opportunities in India today. A wait-and-see attitude prevails amidst685 words
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Article155 1998-01-08 9 'From Viacom's standpoint, this was money well spent It's going to be a gold mine for them.' -Marvin Boftnan president of Roffman Miller Associates on the movie Titanic at USs2oomillion (SS34B million), the most expensive movie ever made which is now expected to make a profit for155 words
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Article716 1998-01-08 9 EDITORIAL EVEN before the first full week of the new year is out, it's become clear that 1998 will be a rough year for the countries of South-east Asia For some it may well prove to be a lot worse than just rough. South-east Asian currencies716 words
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Article, Illustration1176 1998-01-08 9 Peter Lynch - Plight of Australia's giant miner typifies problems of a country with an economy rooted in resources By Peter Lynch The writer is a Sydney-based journalist who contributes to BT ONCE it was the bluest of blue chips, Australia's largest listed company and known to millions ofFILE PHOTO - 1,176 words
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188 1998-01-08 9 Ms Foo Kim Leng - MAILBOX Ms Foo Kim Leng Corporate Communications Manager Singapore Telecom WE REFER to the letter "SingTel's prospects a cause for worry" (BT, Dec 23,1997). Singapore Telecom has been reducing our IDD rates aggressively since 1994. Even without new service providers in the188 words
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Article620 1998-01-08 9 "THE prevailing system of international lending is fundamentally flawed." These are not the words of left-wing or right-wing critics of the International Monetary Fund but of international financier George Soros, who understands the system at least well enough to have made billions from it. In an620 words
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Page 9 Advertisements
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Page 9 Miscellaneous
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Miscellaneous42 1998-01-08 9 DOOMESBPRY By Garry Trudeau AS TOUCAN See, THBRB'VB AM? THIS MYOU?B6PBern SEVERAL APP/VONS f&OMMXB FOOMtSA I W PRAVBRS TO MLP6N SINCZ XXJUVEP II BBEN USING CHAPEL* HOW RRSTANSWe&p. I HSF&. tM SURB ITS AL~ MOSTLY FOFTA!-CHI AS A CHAPEL-. FITTING. |jM"| 7j(/fC342 words
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EXECUTIVE LIFESTYLE
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Article, Illustration758 1998-01-08 10 DAVID BOEY - BMWs trainees include VIP protection services and anti-terrorist units out to hone their anti-ambush and defensive driving skills, says dayxd boot DAVID BOEY The writer's winter visit to Europe was sponsored by the BMW Group. THEY don't use L plates at the BMW Driver Training Centre758 words
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381 1998-01-08 10 ASIA'S once-bustling economies represented gold mines of opportunity that saw the Rover group chalk up explosive growth in vehicle sales. Although the ongoing stock market and currency turmoil has since put the brakes on the sterling sales figures Rover had projected for381 words
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Article, Illustration670 1998-01-08 10 David Boey - Row's test facility sits on a former BAF airfield protected from prying eyes Reports by, David Boey THE Royal Air Force may have moved out of its nuclear bomber base at RAF Gaydon in the British Midlands nearly 20 years ago, but670 words
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Article, Illustration797 1998-01-08 10 NYT WHEN Melissa Jess tools around Phoenix, Arizona, in her 1962 Volkswagen Beetle, she talks to it as sweetly as she can. "Please let me drive you today," she invariably says when she starts the car. "Be nice," she says when, as oftenNYT - 797 words
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Page 11 Advertisements
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Advertisement716 1998-01-08 11 Pmw ie^ la fishy Clattlfltd Mi 3wflW mammrndrnrn j^J Where to wine, dine and entertain..." On Your New Purchases. *****451 Enjoy a traditional English afternoon tea with a sumptuous I scones, shortbread, I English fruit cake, pastries finger sandwiches, and the choicest Mends of coffee and tea, all at the716 words
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Advertisement198 1998-01-08 11 Wr /J fatrinQ 7[u#YtAr QtUbrtfan AT MANDARIN SINGAPORE Savour traditional Chinese New Year favourites with us as we usher in the Year of the Tiger this Lunar New Year season Call 631 6262 for more details. J 1M Orchard Itoad. Stmapov 23M67. "IW *****11 C a dalS r You LL198 words
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Page 11 Miscellaneous
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Miscellaneous758 1998-01-08 11 TV&RAPIO Amazons. BOM Tamadun Silam (r). V E%\ li;gtfTTiTTßli—^— E.R Random Acts (See 440 Sempadan Kasih (r). SUM PM TV Innovations. Our Choice). 040 Kaadhal Pagadai (Dra--340 The Winners. IA3O News 5 Tonight. ma| g Money, Money, Money. ULOO Business Day. 740 Sirikka Sinthikka. Tech 2000. ILI4 Bay watch Nights758 words
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Miscellaneous242 1998-01-08 11 CRYPTIC CROSSWORD 1 Flagging whilst making prepa--9 His hostility presents a prob- lem after work (7) j I 1 I 1 1 1 I 1 I 1 10 Sign seen by a number in har ~~|l lH IK aH HB" bour (7) 18 Little-known alumni confront French priest (7) 21242 words
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A LEAGUE OF THEIR OWN
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Article, Illustration1995 1998-01-08 12 JAIME EE - Corporate lawyer Dr Thio Su Mien sees no contradictions in her Christian faith and her material well-being, says jaimbbb JAIME EE TEN years ago, if you wanted to spook corporate lawyer Dr Thio Su Mien, all you needed to do was mention the word of God.TAN - 1,995 words
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Advertisement137 1998-01-08 12 brought to you by %Jaeger-leCoultre» -f--'--. -v.. 1 Hidden gems are the most intriguing. REVERSO JOAILLERIE. REVERSO. AVANTThe watchmaker AND THE JEWELLER COMBINE THEIR IN TRIBUTE TO YOUR MOST possessions: your IDENTITY AND YOUR NaMlkvV time. The essential HOURS ANO MINUTES of your life are FAITHFULLY RECORDED '"^hHk^K ON THE137 words
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Companies & Markets
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713 1998-01-08 13 Annette Pau - BLOODLETTING OH THE BOURSE Brokers say the heyday for electronics shares is probably over By. Annette Pau [SINGAPORE] Electronics stocks yesterday were beaten down to new lows along with the rest of the market in another wretched day of trading for regional713 words
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575 1998-01-08 13 R Sivanithy - Index at 61-month low; analysts expect more pressure ahead By\ R Sivanithy [SINGAPORE] The Straits Times Industrials Index's continued dive is only a manifestation of the serious bruising suffered by its component stocks. The market barometer now stands at its lowest since August 1992,575 words
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843 1998-01-08 13 Anthony Rowley - HOCK LOCK SIEW Anthony Rowley A PUBLIC relations disaster is the best way to describe the way in which Japanese Finance Minister Hiroshi Mitsuzuka chose to present his ministry's new strategy to prevent manipulation of prices on the Tokyo Stock Exchange the843 words
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Article, Illustration345 1998-01-08 13 Ang Wan May - By. Ang Wan May [SINGAPORE] Saudi Arabian billionaire Prince Al-Waleed bin Talal is once again buying into an Ong Beng Seng company this time a 3 per cent stake in Hotel Properties. The prince, who also has a stake in Mr345 words
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COMPANIES
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187 1998-01-08 14 [SINGAPORE] All applicants who took up TSM Resources' initial public offer will be alfoted at least 1,000 shares. ■rffi Those who applied for up to four lots will receive one lot while those who applied more shares will receive jietween two and 18 lots.187 words
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92 1998-01-08 14 Reuters [HONGKONGI Peregrine Investments Holdings Ltd said yesterday it was in discussions with Zurich Centre Investments Ltd (ZCI) regarding a revision of the terms of a US$2OO million convertible preference share issue to ZCI. Peregrine said in a statement the revision was being discussedReuters - 92 words
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405 1998-01-08 14 Lu Ning - Group set to corner a third of Chinese pulp and paper market By Lu Ning [SINGAPORE] Asia Pulp and Paper (APP), one of the largest integrated paper companies in Asia outside Japan, has received the official green light for its plan to build405 words
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Article, Illustration275 1998-01-08 14 Abdul Hadhi - SES Properties Index down 26 points; Parkway Hldgs is worst hit, diving 21% By Abdul Hadhi [SINGAPORE] Property stocks bled yesterday amid regional currency woes and interest rate and general economic concerns. The SES Properties Index slipped 26 points to 332.7. In all,Source: Bloomberg - 275 words
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238 1998-01-08 14 Leong Wai Leng - UTTER TO EDITOR Leong Wai Leng Executive Vice-President, Corporate Development, Nat Steel Ltd I REFER to Tuesday's Hock Lock Siew column headlined "Nat Steel's fortunes are tied to Korean giant Posco's plans". The article concluded that if Posco decides to dump its238 words
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Article, Illustration404 1998-01-08 14 Reuters [KUALA LUMPUR] Malaysian national carmaker Perusahaan Otomobil Nasional Bhd (Proton) said yesterday it expected a 30 per cent fall in sales and, consequently, lower earnings this year due to the economic crisis. Proton reported turnover of 6.2 billion Malaysian ringgit (552.38Reuters; REUTERS - 404 words
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500 1998-01-08 14 Analysts say its 1997 earnings could slump by US$l OOm due to forex losses Bloomberg [HONGKONG] Shares in First Pacific Co, which is the worstperforming stock in Hongkong's slumping Hang Seng Index, plunged to a four-year low as investors fretted its exposureBloomberg - 500 words
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COMPANY Briefs
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64 1998-01-08 14 [SINGAPORE] Hotel Properties Ltd has appointed Christopher Lim Tien Lock group executive director with immediate effect He will relinquish his position as en alternate director to Ong Beng Seng, who is HPL managing director. Robert Foo Siang Mong has been named chairman of wholly-owned64 words
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Article41 1998-01-08 14 {SINGAPORE] Paul Tong Yuk Lun has resigned as a director of the Pacific Century Regional Developments with effect from Jan 1. Dr Tong resigned as chief executive of the firm on Aug 29 last year.41 words
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Article49 1998-01-08 14 Reuters [KUALA LUMPUR] Malaysian construction and piopgty firm LJM Corp Bhd has been awarded a ISO million Malaysian ringgit (5155.6 million) contract to build a 13km expressway in the Indian state of Maharashtra. The company has formed a Joint-venture with India's Satyam Constructions Ltd.—ReutersReuters - 49 words
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Article71 1998-01-08 14 Bernama [KUALA LUMPUR] Ayer Hitam Tin Dredging Malaysia Bhd, which earlier propoeed to make a one-for-one rights issue of 61.6 million shares at 2.70 Malaysian ringgit a share and an employees' share option scheme (ES08), has aborted both proposals given the current market condition. ButBernama - 71 words
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47 1998-01-08 14 Bloomberg [BRUSSELS] Belgacom, the Belgian national phone company in which Singapore Telecom has a stake, said its Proximus unit has 700,000 mobile-phone customers, up from 401,000 at the end 0f1996. The company said it added 66,000 customers in December alone. —BloombergBloomberg - 47 words
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Article60 1998-01-08 14 Corrections Clarifications IN our Jan 1 story, "Stock market value down $39 billion despite 35 new listings", it was reported that Genting was Clob International's worst performer in 1997 with a 95.21 per cent loss. This is not correct as Genting has pointed out that an adjustment should have been60 words
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INTERNATIONAL COMPANIES
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Article, Illustration482 1998-01-08 15 Qnick return U profitability tie to higlior CtBtUlM CtSt culling Reuters [SAN FRANCISCO] Stock in Apple Computer Inc jumped 90 per cent on Tuesday after the computer maker said it expects to report a profit for its most recent quarter, a quickerReuters; REUTERS; Source: Bloomberg - 482 words
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395 1998-01-08 15 Dedming trading reverae, rising credit CMtsc&ue concern Bloomberg [NEW YORK] Citicorp, Chase Manhattan, Bank America and Bankßoston shares fell on Tuesday on concern that dedining trading revenue and rising credit costs could reduce earnings next year. Merrill Lynch analystBloomberg - 395 words
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229 1998-01-08 15 Bloomberg [LONDON! Israel cleared Cable Wireless to lift its stake in state-controlled telecommunications provider Bezeq Ltd to as much as 20 per cent, C&W and Prime Minister Benjamin Netanyahu's office said. For C&W, the move will advance aBloomberg - 229 words
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250 1998-01-08 15 Reuters [WASHINGTON] Microsoft Corp said that Harvard law professor Lawrence Lessig has rejected its request that he "disqualify himself* as a special adviser to the judge in the Justice Department's case against the computer giant US District Court Judge Thomas Penfteld Jackson appointedReuters - 250 words
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315 1998-01-08 15 It w3l etaewtrate tn corporate computer, Reuters (PHILADELPHIA] Unisys Corp said Tuesday it would stop making personal comput era, take a US$l.l billion (Ssl.9 billion) charge against fourthquarter earnings and concentrate on its lucrative corporate computer and services businesses.Reuters - 315 words
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398 1998-01-08 15 Bloomberg [NEW YORK] Investing in the "dogs of the Dow**, a strategy billed as a simple way to beat the market, lived up to its name last year It was a dog. The Dow dogs the 10 highest-yielding stocks in the Dow JonesBloomberg - 398 words
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FINANCE & COMMODITIES
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462 1998-01-08 16 US marketing Mitz aims to sell options aa insurance against fall (s stock prices Bloomberg [NEW YORK] Leaders of the majot options exchanges are prompting themselves as insurance against a possible decline in stocks this year. just seen six years of gains inBloomberg - 462 words
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317 1998-01-08 16 Hartford Rn&ndAl Services Group buys 49% fUke in PIC «j. [SINGAPORE] People's Insurance Company (PIC), strengthened by the entry of a strong partner from the United States, plans to introduce new products and services in the ftiture.': The plans include the long-term possibility of317 words
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Article, Illustration55 1998-01-08 16 [DUSAI] A shopper looking at the selection of gold chains on Tuesday at a shop here, where a surge of regional demand boosted imports ofthe precious metal to an all-time high. Dubai remained the world's top gold trading centre in 1997 as gold purchases jumpedAFP - 55 words
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269 1998-01-08 16 Reuters [NEW YORK] A new-year bond rally has prompted IBM and other US giants to take advantage of record-low interest rates by offering more than US$5 billion (SsB.7 billion) in new, investment-grade debt in the first few days of 1998. OnReuters - 269 words
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365 1998-01-08 16 Prfetwarontegtin market share; best dealt on the Net NYT [NEW: YORK] Wall Street is not W&Mart, but some stock brokerages are offering certain consumers big discounts on commissions. It*« nothing less than a price-war, and if you trade electronically by phone, by computer or onNYT - 365 words
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258 1998-01-08 16 AFP [SHANGHAI] The People's Bank of China (PB0C) has set the goal of integrating Chinese financial institutions with international banking practices by early next century, a newspaper reported yesterday. The Shanghai Securities News daily reported that the PBOC urged local financial institutions to striveAFP - 258 words
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Article219 1998-01-08 16 SSMEXReport Reuters [SINGAPORE] Simex Euroyen futures rose yesterday as the Bank of Japan (BOJ) left an ample surplus In domestic money markets, but Japanese government bond futures (JGBs) were reined in by supply concerns. •Technically, the Euroyen looks like a sell. But the BOJ operationsReuters - 219 words
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147 1998-01-08 16 Perry Gilbert - MBCI TAIWAN FUTUKBS By Perry Gilbert, Perry Gilbert, vice-president, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures saw a farther fall in the January contract yesterday as investors remained perplexed with Asian currency problems. The US market's overnight Gall also147 words
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254 1998-01-08 16 ENERGY REPORT Reuters [LONDON] PragUe world oU prices staggered to fresh 30month lows yesterday as Iraq moved to restart oU exports and Kuwait raised output to its new Opec quota. Traders, swamped by a growing number of bearish factors, struggled to identifyReuters - 254 words
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Article260 1998-01-08 16 AFP Reuters THE US dollar steadied above session lows against the marie and yen at midday Europe as the market trimmed its overnight highs amid heightened speculation of concerted intervention to support the yen. The market was taking a cautious approach to yesterday's meetings in Washington between JapaneseAFP; Reuters - 260 words
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Article, Illustration239 1998-01-08 16 IMTBEBAMKCROSSRATB8 liTM Jan 7 i i aar n J Mft n H Ml IB B Own** Mir 6 V2 4 HI BS Ofir Tim irm ;fyii laMbB 517/32 sa*» 1 imtm f«K SVfH 3Mrtta SM/32 5 23/»* 6m*»: --svi )M* S2W2 3 25/32 itMam IM styii lit BL-JSe! iwptt 11/11239 words
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Article1406 1998-01-08 17 WOOM FUTURES jan? KS1 CONTRACTU cwfcA,) CtOM VMHM OfM Hj» itm Srtt (to—s) teterttt nl00 W- 75 «2-50 150 575 f** MM ItlOO 54.00 400 550 W25 3750 H«.50 3750 •*3* 120.50 3750 ***** 1725 OtVOK* ***** 5400 Jitflar 99 129.75 ISS 3 CONTRACT (US cwrtsAq) Trfiim I1,406 words
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Article1885 1998-01-08 17 LONDON t ty"'* V: j—i 34 Group 533 *15 AB Ports 304 I Akkay National n08 -(7 Allied Domecq S40 10 Aime W7 -1 AsdaGroup 185.600 *6 •ATM 585.400 *7.400 •CPU 29X400 -1.600 BKC 169 inch BOC Group 979.400 -35.600 BR Petroleum 782 2-600 BTR 184.400 -51,885 words
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Article1348 1998-01-08 17 Bloomberg H«kkaas ****** JAPANESE stocks gained for the first time this year, as the yen traded at a flve-and-a-halfyear low against the dollar. The dollar recently bought 133.29 yen, its highest since May 11, 1992, on concern Japan's economy would not improve anytime soon. Earlier yesterday, the dollar boughtBloomberg - 1,348 words
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Article, Illustration1395 1998-01-08 18 AFP □HMgSwg -SMJt SHARE prices plunged 5.9 per cent yesterday, with the key index foiling below its psychological barrier of 10,000 points amid the collapse of regional currencies, dealers said. "The market fell on continuing weaknesses of currencies around Asia in general and also further falls on those stockAFP - 1,395 words
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Article, Illustration614 1998-01-08 18 Reuters [IShaAaßhiii -480 SHENZHEN'S B Share Index closed sharply lower yesterday, with sentiment severely bruised by crushing losses in Hongkong stocks. The index tumbled 4.80 points, or 5 per cent, to 91.67 on turnover of HK)2B million. "Heavy losses in Hongkong-listed shares sent B shares tumbling," said an analyst.Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 614 words
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Article370 1998-01-08 18 AFP □wpbtei -13CJ2 STOCKS fell yesterday as investors moved their funds into US dollars amid fears the local currency could weaken further in step with ailing regional currencies. "Investors rushed to buy US dollars, sucking funds from the bourse to the forex market," said a dealer. The TSE WeightedAFP - 370 words
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Article240 1998-01-08 18 Reuters Q Wellington -IIM NEW ZEALAND'S share market closed softer yesterday, weighed on by leading stock Telecom which shed 12 cents to NZ$B.lB. The NZSE-40 Capital Index ended a reasonably quiet session 11.24 points lower at 2,329.31, with the leader board mixed. Reuters j»t it rw» ANZBtnktnf H40 unchReuters - 240 words
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Article, Illustration794 1998-01-08 18 AFP HSEThto *M 4 STOCKS closed up 0.01 per cent yesterday in thin trade as investors digested news that Bangkok would request a review of its IMF package. The SET Index rose 0.04 point to end at 370.31. Turnover was 179.4 million shares worth two billion baht "The market'sAFP - 794 words
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Article386 1998-01-08 18 AFP QOupoaite Index +3JB SHARES rose marginally yesterday on improving foreign interest but profit-taking capped the gains. Dealers said institutions took profit on financial issues and large-caps, which have registered solid gains on the back of growing foreign investor interest. The Composite Index rose 3.06 points at 409.42. TurnoverAFP - 386 words
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Article564 1998-01-08 18 AFP OinOrttoriM -38.4 SHARES fell yesterday as the local dollar sank further against the US currency and raised anxiety among domestic Investors, brokers said. "Stocks with exposure overseas, earning other currencies, were strong. Stocks with Australian exposure were weak," said a trader. The All Ordinaries Index fell 38.4 pointsAFP - 564 words
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Article, Illustration652 1998-01-08 18 AFP -BJ3 SHARE prices fell yesterday, but ended off their lows on the back of investors trying to cover their short positions. "Most people were expecting the market to react negatively to the budget, but it didn't happen this morning because some foreign houses were staying on the buyAFP - 652 words
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Article307 1998-01-08 18 AFP Qlub -T3M SHARE prices closed 4 per cent lower yesterday amid the relentless turbulence in Asian currency markets. "Basically, the local equities market is being dragged down by the uncertainties in the region," said a trader. The PSE Composite Index shed 73.26 points to close at 1,747.34. TurnoverAFP - 307 words
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KUALA LUMPUR STOCK MARKET
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Article6880 1998-01-08 19 wwiimi CitnMf pnAicit t99« lm« vol Day Cap Htqk Lm Company *000 Hlqll Law P/t 210 200 Aflnomoto 200 -5 6 205 200 *1 811 90 5 73 AnqkMl 74.5 2 43 75.5 7X5 t7 109.9 160 155 Apo86Foo<J Hlq 155 -5 12 155 <55 4.5 62.0 225 190 8er|ayaLand6,880 words
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Article, Illustration387 1998-01-08 19 AFX-Asia n Composite Indei -4.74 SHARE prices closed off sharp lows yesterday after Bank Negara's intervention in the foreign exchange market to support the Malaysian ringgit. Dealers said said foreigners were seen aggressively buying blue chips following the ringgit's slight recovery. The KLSE Composite IndexAFX-Asia - 387 words
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WARRANTS & OPTIONS
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Article3419 1998-01-08 20 MM* UMUK ft WARRANTS 1997/98 Last Vai Day Last Oaata A*« Mjk Lm Stna Company Sata *ar- COOO) H*fi Im Buy* Mar Prtca M W~~m ~n, AM08 cS3%b***** -_10 U 81 as 3160 *Aeor ******1 USS 9 -3 5 9 9 10 tt 131 10.5 3164 Acma ******4 10.5 123,419 words
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185 1998-01-08 20 R Sivanithy - WARRANT WATCH -Byl R Sivanithy SOMEONE yesterday said that more than 270 Singapore stocks have sunk to new year-lows. This Is hard to verify but may well be accurate. And one of the victims must be the G K Goh185 words
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Article2044 1998-01-08 20 Transaction Date Jan 7 Or «r M7/N Lart V«i Day UrtOHh 0»» Mr VM Nat MCap Mk0k U» Mm CI MB SaM *h COOOI H8» U» Bnpar BaBar CW W 478 30 at 5000 ASSSOc 315 id -5 492 315 30 32 3X5 5.0 U II 1*4 3U2,044 words
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STOCK EXCHANGE OF SINGAPORE
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Article1515 1998-01-08 21 TUtttOVtR ('OOO) VAUHrOOO)* <m rmt mm on urn gjS- 28S Z$ 2# nlSS srS" 70*232 TUM asr *s »LW I2n T,f74 WkIM WW ut U10 JSSL J3U76 7V372 202.64T *a«4» 3V.*n JT7.S73 SESOAO 7,704 UN F stock*. Vaim emiaMfd *sfry ud**ga rmtm. MAW OM _T#TAIl m m mm a m4ustn«1,515 words
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Article4961 1998-01-08 21 Transaction Date Jan 7 Or Or H W» IH7/N LPP« V««_ OP* Last Ouvft Mv D* YJJ JM Cap A»» n» t— Mm cimpiay m foooi u» fciyr mn> cw m >—* MOUSTMALS 157 23.5 1020 ACCOynamfcsSOc 215 -2 1T4 24.5 21.5 23 23.5 *1 2* 5146 ASENTSW2004,961 words
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Article1121 1998-01-08 21 Or Or mm 1S97/88 Last Vd Day Last Om(i Mv Mi TM IM C*s Ay* Hffc Law 9tW* Cimpawy 9aM COOP) Ht» L— Bwyw Mhf Co M Prtca IM 7* 2000 AMHM9I9C MM IT W Nt 101 105 3.0 *.0 0.1 1914 A7.I «U 44« 103 2049 «SM«10c 1071,121 words
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Article202 1998-01-08 22 Hirti Www ST EnqglOc 12.047,000 MS Land 7,55«,000 *mWC#BM 6,536,000 *MBf Capital 6,194,000 Partway H 50c 5,778,000 MKLanJUSIOc 4,939,000 StmjTel 15c 4.842,000 •Magnum Corp50c 4,381.000 Asia Food&Prop 3.888.000 IPCCorpn5c 3.689,000 IMi SIA Foreign 34.083,844 1)08 Foreign 19.762.716 0CBC Foreign 18.267.351 SPH Foreign 18.059,304 JMMUS25C400 17,085.920 B8S L«4 15.725.440 0U8 Foreign202 words
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Article, Illustration59 1998-01-08 22 Saiv Taneja - by Saiv Taneja METROPLEX closed unchanged yesterday at 35.5 cents on a volume of 3.49 million shares, compared with its lOday average qf 609,800 units. In the near term there is more downside, though the counter is already near its 2'/t-year low. Longer term, however, the outlook is59 words
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Article, Illustration704 1998-01-08 22 R Sivanithy - STOCK MARKET COMMENTARY STH's 5% fall lends support to theory that S'pore is playing 'catch-up' with the rest of the region because prices here did not fall as badly as others last year By R Sivanithy [SINGAPORE] The regional currency crisis worsened704 words
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ON THE GRAPEVINE
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Article115 1998-01-08 22 WE RECEIVED a newsletter from Jim Slater of the Haw Par infamy on his 1996 investment reading programme. In there, he wrote: "I strongly recommend these 16 books to stock market investors. They are set out in suggested order of reading. I have no doubt that if115 words
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Article83 1998-01-08 22 TWO in every three Indonesians travelling around the region headed for Singapore in the first half of 1997. According to a Singapore Tourism Board study, 65 per cent of the 900,500 Indonesians who visited the Asia Pacific region came to Singapore, making the island the largest83 words
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Article58 1998-01-08 22 ON TUESDAY, analysts were saying the support level of the Straits Time Industrials Index was 1,400. After STII fell through 1,400 yesterday, some adjusted their call and said support level could now be 1.250. On hearing this, a BT lady reporter quipped: "Luckily support levels are58 words
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Article128 1998-01-08 22 ALTHOUGH American Express Bank's interest rate of 6.5 per cent for a Sings one-month time deposit (minimum amount $250,000) is higher than the interest rate for US dollar deposits of between 4 and 4.25 per cent, it is not enough to convince some people to remain in128 words
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Article104 1998-01-08 22 AMERICAN EXPRESS is supposed to have this wonderful database on expenditure pattern of its millions of members and has been raking in big bucks on selling the information to direct mailing companies and retailers. But a letter received by a male Amex member has created doubt on the104 words
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Article153 1998-01-08 22 REMEMBER in March last year researchers here said it was safe to use handphones? Two of them, from the Nanyang Technological University's School of Electrical and Electronic Engineering, conducted a study and concluded that whatever electromagnetic waves emanating from handphones were unlikely to fry the users'153 words
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Page 13 Advertisements
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Advertisement65 1998-01-08 13 Property stocks crash on regional woes, Pg 14 UK PROPERTY FINANCE FROM SINGAPORE. For further information, please contact either Joyce Tan, Eileen Tan or Amy Wee at Tel: (65) 225 1233 and Fax: (65) 225 8013 Highly Competitive Interest Rate Fast and Convenient Service Flexible Loan Package Pre-purchase Approval K65 words
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Page 14 Advertisements
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Advertisement312 1998-01-08 14 Workshop on Singapore Personal Taxation Year of Assessment 1998 An employer's remuneration package includes various benefits in kind besides salary and bonus. Increasingly, many companies have realised that they have not interpreted the tax implications of various benefits in kind correctly. Many companies also employ foreigners to work in Singapore312 words
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Advertisement167 1998-01-08 14 FACT-IBM Seminar Phhmb Coping with the Currency Crisis using I Real-Time Accounting FACT Software International Re Ltd and IBM Singapore Re Ltd are pleased to invite I you to a special seminar on January 13,1998. This seminar has been organised to help I the Small and Medium Enterprises (SMEs) cope167 words
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Advertisement20 1998-01-08 14 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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Page 15 Advertisements
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Advertisement53 1998-01-08 15 Ranked #1 franchise lor submarine sandwiches* Low start-up costs Over 13,000 restaurants in 62 countries 17B> 1997, Spa AaMrieM Club IMfeig Rooai I SksstPvldngOnly Watk-ine Welcome To igleisr or for frse I Cai 733-5840 Fax:733-6442 www^utywayxom 325 Be Dr. Mfod, CT ***** USA Singapore Agent 7A Robin Road, Singapore *****653 words
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Advertisement569 1998-01-08 15 The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of Ms announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of569 words
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Page 18 Advertisements
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Advertisement108 1998-01-08 18 II Hello. I m calling about ;-> r Gosh, you re y I found my pet through your advertisement in V f great...just like 0 J.. Tr. I tl o t- a j V I a j II The Straits Times Classified. I I The Straits Times Classified... I- A108 words
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Page 19 Advertisements
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Advertisement35 1998-01-08 19 ;^B i jT7I jliNB»H 111•T| J *[^l*[ *i Jj jT»] ?Mj 11 i hMii 1118 11 L*y JI i 11 hi 11 ML't^^K H 4 rTTXij I"™T Rmst*«*««'*-«-» i nil i ii niT -^MMMnMnsnBMMVi(MMMR' ,^INi4IBIIMSRH9WMHBBBHHHHHMfIBHHHBHBHHHBHHBH«^35 words
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Page 20 Advertisements
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Advertisement8 1998-01-08 20 Call 1800-*****66 to place a quick-acting ad [CATS.8 words
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Page 21 Advertisements
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Advertisement66 1998-01-08 21 caVlmg'abTut /See...l toldN f cardwe're\ the computer I you this was a 1 making for Susan J I advertised in I S 00 1 deal/ Yup, we got what V is going to be J V The Straits TimesJ f I we wanted because real nice! j 0k 1 Buying66 words
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Page 22 Advertisements
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Advertisement1654 1998-01-08 22 BUSINESS Notices To advertise call toll-free 1800-*****83 ©INTERNATIONAL FACTORS (SINGAPORE) LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at the IFS Board Room at 7 Temasek Boulevard, *10-01 Suntec Tower One,1,654 words
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Advertisement353 1998-01-08 22 f THE COMPANIES ACT CHAPTER 90 SECTION 290(2Kb) NOTICE OF WE9QIUTION FX PACIFIC TRAOINO PTE LTD (IN MEMBERS' VOLUNTARY LJOtMOATtOH) At an Extraordinary General Meeting of FX Pacific Trading Pie Ud held at 2-17-22, Akasaka. Minalo-ku, Tokyo, 107. Japan, on the 30th day of December 1997, the following special resolutions353 words
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Shipping Times
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Article240 1998-01-08 23 Reuters MOL in China freight HBAft [FRANKFURT] Japan shinties firm Mitsui OSK Lines (MOL) has set up a Chinese freight forwarding joint venture, German transport newspaper Deutsche Verkehrs Zeitung reported in its latest issue. V The new firm, Shanghai Longfei International Logistics Co Ltd, will operate in theReuters - 240 words
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Article212 1998-01-08 23 i ih .ill n in JmJ w CWT OMrtbuNM .***** -QM 33 2SS S OJO undt «M GSMMnqi 0-275 MU»N« O.M -an 21# MrM ZoMn 0.57 «ao> m MCWMnv—miM ■Hy 0J4S -002S M JITWM SMn«rd 7J5 0.39 VU Map* Cor* 3.92 -0.44 1900 02 -0.14 427 KaopalltariM 110212 words
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Article, Illustration552 1998-01-08 23 Felix Chan - Figures to be released soon; growth for first 10 months of last year was 9.2% By Felix Chan [SINGAPORE] If its performance over the last 10 months of 1997 is anything to gdUy, PSA Corp, which should be releasing itsCHRIS LOH - 552 words
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Article, Illustration155 1998-01-08 23 [SINGAPORE] Senior executive?of German terminal ojiehu&r BLG, Hapag Lloyd Shipping Lines and brewer Beck and Co have reason for cheer despite the cold winds of a chilly European winter. BLG's container division at Bremerhaven celebrated creaking the million containers per year mark with a container155 words
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203 1998-01-08 23 L Louds List [LOS ANGELES] US federal agents are reportedly investigating allegations that former Port of Miami director Carmen Lunetta conspired to channel port money to favoured associates and port vendors. It is understood the US Attorney's office and the Federal Bureau of InvestigationL Louds List - 203 words
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272 1998-01-08 23 Princess Cruises expanding to meet strong demand Bloomberg [LONDON] Peninsular Oriental Steam Navigation Co's Princess Cruises division ordered two cruise ships for US$B5O million (Ssl.s billion), adding to the three already under construction to help it meet growing demand. The two 109,000-tonBloomberg - 272 words
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183 1998-01-08 23 Bloomberg [LONDON] Peninsular and Oriental Steam Navigation Co said its P&O Australia Ports Pty Ltd unit agreed to sell its 36.5 per cent stake in Terminates Rio de la Plata SA (TRP) for US$3B.B million (5567.3 million). P&O, one of the world's largest containerBloomberg - 183 words
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665 1998-01-08 23 David Hughes - NEWBUILDS By. David Hughes DESPITE the holiday season there are quite a few new contracts to report. The sample in this week's list includes a wide range of vessels and shipbuilders from several Asian countries and Germany. Unsurprisingly, perhaps, there665 words
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Article, Illustration1012 1998-01-08 24 FRENCH ECONOMY Asian crisis and new 35-hour work-week cast shadow over France's ability to create jobs New York Times THE announcement by the Japanese car manufacturer Toyota early last month that it would build an assembly plant employing 2,000 workers in the rustbelt town of Valennorthern FranceNew York Times - 1,012 words
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232 1998-01-08 24 PACE ECl 5 ACL 9 EES 8 ANl 3 EMMO0M" 6 Accord 8 Eurohans 6 Appenship 5 Ewgrew 6 Astro 3 FoongSun 8 Austral 9 Gbnk 4 BSA 7 Gemartrans 8 Batamindo 7 Genshpg 9 Bayswater 7 Hai Sun Hup 8 B'tang Mas232 words
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Article26515 1998-01-08 32 THEBUSINESSTIMES THE^USINESSTIMES EXPORT ETA CTA Advaftisar Vassal Yoyaga Taiapiwna ETA ETA Advartisar Vassal Voyaga Talapbona SIN Dast"n Kama Nam* Number Number SIN Oast'n Nam# Nam* Number Number 09/01 N/01 COSCO EMPRESS PHOENIX 0047W 45-*****00 A n/01 01/02 CMA MCDGCNOVA 210W 45-*****22 u 12/01. 21/01 Hyundai MM HY COMMODORE 310W26,515 words
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SHIPS IN PORT
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Article855 1998-01-08 37 Veswl VoyMo Btrth Arrtvd Ottxrturt JniM *Ma»»ctorr JOT 0901/1700 •j""' torn JO ato*** 0101/2300 Lwun 0«m JOI (*01/0*00 tea Clump* UCS9 J22 HWil 6 OVH JU aton*** 010V0200 33 J04 010VI100 50 J 23 MOVOTOO mm o»9t J09 MapM I2 0V0700 0*/* JO* Iff** 07.01/2300 004* JIT KoufSHX855 words
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Article1712 1998-01-08 37 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booking/Mama Rstls SWp Voy Mo Etb/Btr Ported From To From *01 LDy 0*1 09/2359 M 07/1500 07/1659 07/H00 07/1*0 07/1659 07/1*0 a 07/1700 06/0651 OC/ONO 2* 07/1700 01/0659 01/0*0 1 00/0700 01/1159 01/1400 4 01/1200 00/1459 01/1700 *a»OM 002* 10/15001,712 words
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Article215 1998-01-08 37 Jan IS Japan. Adults Day. Jan 19 United States: Martin Luther King Jnr Day Washington's Birthday holiday. Jan 28 Australia: Australia Day Holiday. Jan 27 China: Chinese New Year Eve. Hong Kong: Lunar New Year Eve. South Korea: Lunar New Year Eve. Taiwan: Chinese New Year Eve. Jan215 words
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Article883 1998-01-08 37 THIS report, compiled by Cockett Marine OH Ltd. shows price ranges in US dollars Instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are Indicated. The Cockett Bunker Price Index change and the Individual883 words
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Article476 1998-01-08 37 Carta* ISO Mu 989 8 0.4 6.4 O.M 55 0.05 1 P*"»lty Watf Ntiditt Art Aluminium Satlawnt No a6ow E25 0 0 2 t 0 0 %H/M 300 Aw 963.7 OJ 123 O.M 30 0.02 tin* 300 M« 990.6 0.7 17.4 0.13 67 0.06 WW! %W476 words
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AIR&LAND TRANSPORT NEWS
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218 1998-01-08 38 AFP [TOKYO] Toyota Motor Corp hopes to sell a record 5.06 million vehicles on the world market in 1998, up 220,000 from last year, company officials said yesterday. The top Japanese carmaker is aiming to sell a total of 2.92 million vehiclesAFP - 218 words
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Article, Illustration69 1998-01-08 38 [KUALA LUMPUR] A passerby peeping into a car yard in Kuala Lumpur, where Malaysian finance companies keep cars repossessed from buyers who have defaulted payment on their loans. The regional economic problems have increased the number of car repossessions in Malaysia, according to finance companyREUTER - 69 words
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428 1998-01-08 38 Move to aid sluggish sales in highly competitive market FT [NEW DELHI] Daewoo of South Korea has announced that it is reducing the price of its vehicles in India by nearly 20 per cent in an attempt to pep up sluggish salesFT - 428 words
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Article, Illustration570 1998-01-08 38 Felix Chan - Airbus claims of market; bat Boeing says, comparing only firm orders, it has 55% By] Felix Chan [SINGAPORE] It's a measure of how competitive the commercial aviation business has become when the two global giants of the skies spent muchFILE PHOTOS - 570 words
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145 1998-01-08 38 Reuters [CHICAGO] United Airlines said its passenger load factor in December rose to 69.3 per cent from 69 per cent in the same month a year ago. Traffic in December increased 3.5 per cent over last year to 9.82 billion revenue passengerReuters - 145 words
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418 1998-01-08 38 They argne that none of the USs3oom will go to attendants Bloomberg [MIAMI] Some airline attendants who claim they were made sick by passengers' smoke are challenging a US$3OO million (Sss2o million) settlement of a nationwide class-action lawsuit, saying none of the money willBloomberg - 418 words
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207 1998-01-08 38 Reuters [KANSAS CITY] Harley-Da-vidson Inc, the only major USbased motorcycle maker, said on Tuesday that it expected to build at least 145,000 motorcycles this year, including output from a new factory, up from 131,000 in 1997. On Tuesday, the first motorcyclesReuters - 207 words
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Article1674 1998-01-08 38 OTT FU6HT tTA PU6MT CTD AkuMuW CV794 2005 ftrthrt $0325 1535 Of05 2220 MM, orn 1930 0F82 2050 ***** 2355 Oft IMP mm 2359 Antt«r4aa K1843 0550 U838 2335 1730 0115 0125 0700 0126 2355 GMmrtwWC S0803 1910 C2352 0835 $025 0700 $026 2355 CZ353 20351,674 words
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Advertisement17 1998-01-08 23 Uncertainty plagnes Paris Asian crisis, new work-week cast doubt over France's ability to create jobs. Pace 217 words
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Advertisement18 1998-01-08 23 Boeing, Airbus in dogfight Each claims to have sold more planes than the other last year. Back Page18 words
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Advertisement754 1998-01-08 24 I SINGAPORE CALIFORNIA EXPRESS (DtRECTFROM WEST COAST) lOULF KARACHI EXPRESS (GKX) rasa voy OM van sa U sm vissa voy ju om mm m| cm pic |sm NEPTUNE AIiXANORITf 35W549 14/11 22/12 00/01 MM KOI 21E 20/12 20/12 19/12 02/01 00/01 12/01 13/01 1,01 »/ll 21/12 11/11 DUOAIIAY 221 12/11754 words
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Advertisement1066 1998-01-08 25 '■QPwtyywyl PAOFK SOUTH WIST EXPRESS (DMECT) ALSO ACCEPTING MAMAUS VIA lAX/HOU vcsa vor I m lawn* Iswetp |u»|pm I wew oo I kyc ah I hou I nop I *10MA 0231 122/12 I 24/12 I 25/12 I 09/01 113/01 I 14/01 14/01 IS/01 I IS/01 I 14/01 I 14/Bl I1,066 words
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Advertisement1550 1998-01-08 25 ©HANJIN SHIPPING "W CANADA* I'— I J" In» I*■ liw 10. |»|m I >os Imi |«|nt In I„c m m I m In. I m *z His- jg- iz iz iz »z iz sz "g m w w/ VST J!gLJ!/LM. Jj/g_ »/w Jj/w 11/07 n/w n/w u/w M/w u/^u/w~"12*2" jijiowhowmii1,550 words
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Advertisement105 1998-01-08 25 l ORIENT EXPRESS LINES (U.K.) LIMITED I 3.15*1, (MANAGER FOR SHREYAS SHIPPING LIMITED) SINGAPORE/MUMBAI (BOMBAY) SHUTTLE VtSSa VOY SlHCAfOtt BOMBAY VlSSfl. Wl BOMBAY SM6APOM KEDAH 010 09/01 18/01 KEDAH QQ9 26/12 09/01 ACHIEVER 003 12/01 21/01 ACHIEVER 004 31/12 12/01 ALBERT BRIDGE 010 16/01 25/01 ALBERT BRIDGE 009 04/01 16/01105 words
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Advertisement1043 1998-01-08 26 MY ANC IMIPiIG LME yml WM> Site http: //www. ymt.com. tw < f ujiEEiMniMEnEinMniMEninnniinsisiiiiEnißi «*«L VOY LEH FXt HAM AMR MfA SW MING SUN 08/A747E 17/12 18*2 2tVl2 22/12 3QTI2 13/01 PAX 02/A74BE 2 VI2 26/12 28/12 29/12 07/01 21/01 GIBRALTAR BRIDGE 81/A749E SLD 01A)1 03/01 05/01 13/01 27/01 MEO1,043 words
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Advertisement401 1998-01-08 26 UNI nhuiMunuiMim I MUAHA 1 I LABUAN wsai m Pi in mm vormro SWtt MIMA SNM IM AfttGUXT VOJI/W M/ll 11/11 tfttoonr VOIi/W M/ll 12/11 inosm vn/N 11/01 h/oi lrtosra wa/w u/oi u/»i <maoKT »/»i Mttaorr v*x/it 17/1121/11 inosni vm/n a/01 h/»i irtosra vox/ioa/oi 20/01 mGU T Mtaoonr vm/w 27/ti401 words
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Advertisement1020 1998-01-08 27 isanu, ck-ir rir la.|" I" WAN VAMOAT PJL-1266 28/12 08/01 WAN TfYFOURI PJL-1887 08/01 18/01 WAX TAKHTI EJi-1«88 18/01 24/01 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E. AZARBAUAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN. TADZHIKISTAN A GEORGIA VIA B. ABBAS. BIK AGENT 9i SWGAPORE I AGENT1,020 words
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Advertisement494 1998-01-08 27 I EASTERN CAR UNER, I ftj ta <sihoapo«b mup I smmm i koko 22 rows tQ (SWCAPOtt? PTE UP LOADING FOR JEBEL ALJ (DUBAI)/PORT KLANO JAKARTA MV "SEKI KOCHI" V.I 24 MV "SAN JIANG KOU" V.21 ETA SIN 03/01 /98 ETA PKL 05/01 /98 ETA SIN 04/01 /98 ETA JEBEL494 words
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Advertisement548 1998-01-08 29 BSA -L M MYANMA PIVE STAR UNE r (Myanmor National Lino) Loading for Yangon (Rangoon) VISMI VOY MM P«6 MM WU HPA-AN MOW $U) HAKHA 012 NPT MALAYSIA AGENTS: OOUSTUO SHIPPING AGHMES KUL m 02-03-*****00 PKL Ttt 02-03-*****01 PIN: TU 02-04-*****02 PGD: Ttt 02-07-*****21/4 BANK LINE (A Mrvko of Amirtw548 words
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Advertisement956 1998-01-08 30 ANOKOIt/LANII CHAiAMO JAKAHTA/^ANJANQ VESSEL VOY SIN si<K LCH VESSEL VOY SIN JKT Fjn XETHA BHUM 223N8 in Pt 11/01~ MATHU BHUM M6SB In Pt 10/01 AHAN BHUM 88N 09/01 13/01 MATHU BHUM 3888 In Pt 10/01 ANAN BHUM 88NB 10/01 14/01 13/01 OANU BHUM* 0196 10/01 13/01 YANTRA BHUM" 222N956 words
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Advertisement370 1998-01-08 30 BINTANG MAS SHIPPING PTE. LTD. 30 NEIL ROAD, SINGAPORE 0206 ■MB TEL. *****68 FAX: *****64 Kml TLX: R*****6 SINMER fIPSBV CR No: **********0* FWceMng Cargo at PTI BTntailu 1 1 Mumrm VESSEL VOY SW |Ty Jffl! SKA ISm YWOIE 1011/01 17/01 YWOIE 09-10/01 14/01 X IM! 2K2! XM 16-17/01 21/01370 words
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Advertisement774 1998-01-08 30 m ACCORD A SHIPPING PTE LTD KMtUWG (03)347 ItfOf B *****53 (IXPO«T 500W940) AUftCUMM (t7)Ulii77 >_«_«> r n-i $*****4 (EXPORT DOC), *****39 (IMPORT) ffltUK IMJ JJJ 1111 URL:HTTP://WWW.ACCORD.COM.SO i in!**** www ww m sin "pot m sin poit m tIN pp W msm (FAR EAST) (INDIA) (EUROPE OTHERS) (USA/CANADA) m*6«o«774 words
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Advertisement445 1998-01-08 31 w INDONESIA NATIONAL LINE TO EUROPE <SL VOY j YMff AO»M/B DAM|H »UW6 IMIMCH AMTWtBP A.VESSEL 42WbI 2W2/1 27/2 1/3 OMlf" V» TO AUSTRALIA I FULL COWPUMER SMIVICg vs. IvoTTItrTBTCTi" t w> wa m ml m kasugai |v.«s|mi imi| 21*1 2Mi am nm P4ONfOtLOTOMVSMIC VMS|IW 17«l|*W 3MI <BMt MB OVP445 words
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Advertisement1071 1998-01-08 31 ADVANCE CONTAINER LINES (PTE) LTD 140 Cacil Street »12-00, PIL Building, Singapore *****0 M Li TEL: *****21, FAX *****19, TELEX :RS ***** ACLPL CR NO. **********QE r OPERATIONS: *****6 CV *****06 I BANOKOK I JAKAMA wLwg t=- i vissa yoY sin woe 2ZL 2* ANAN BHUM ftflNft 10/01 11/01 SlH*#1,071 words
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Advertisement853 1998-01-08 31 I vess&s vov |aw jed I mla lbh ham thp rtm zee ll VILLE DE GEM»*A H23W 15/01 23/01 27AM Og/Og 03/02 04/02 06"02 OMB I VIU-E D*ORION VikOH 20*01 28/01 03/02 OMB OMB 11/08 11/02 155 i I VtlE DC TANYA T24W 27/01 04/02 OMB IMB IMB IMB IMB853 words
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Advertisement48 1998-01-08 34 To retrieve more schedules, just follow these simple steps... ste Pjf^ The document 740-6000^^^^^. tep be faxed QkSelect the port Step key in the four number XM #> Jp digit code I Key in your Example: i—l—, fax number To NEW YORK (NYC) 2275 for calls within Singapore nf48 words
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Page 37 Miscellaneous
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Miscellaneous116 1998-01-08 37 mto LEGEND: R Thunderstorm Temperature »q X\ V Shower Weother —X Wind direction with speed m knots Rom CJ Cloudy Sky Wove height Surface winds are indicated by arrows which fty with the wind Qi) One fun circle represents calm or kght and variable wmds W One half Hache represents116 words
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