The Business Times, 14 May 1998
1998-05-14
1
42
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The Business Times
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Title Section13 1998-05-14 1 THE BUSINESS TIMES MITA(P) IKVI2/97 85e SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, MAY 14, 199813 words
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Article67 1998-05-14 1 am V39JB (-68.07) mM 558.77 (-25.95) BTCOMP 1447J0 (-46.78) nSTHBi mM mui (-27.45) PT MABXETHOODe mm Dm STOCK HAIKET DUNCES Wednesday Change KME COMP 648J3 -2*84 NIKKEI I6J343JH +21U HANOSENO M»2* -***** SET INDEX -J70J2 10.72 JAKARTA OOMP _W2#6 2447 MANILA COMP _2.I62.67 50.85 TAIPEI WPI fi.tttJO -75.5367 words
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Article73 1998-05-14 1 F01EI BATES uss s$ 1<SS 1669 £(USI/8SperS) 1434 1709 DM L777 0J34 YEN 1341 1196* Ml UBS 0.427 HKS 7.748 1114 BAHT 39.00 0.043 RUPIAH ***** 0.016* 'Sttomuntu FUME KIRS SINGAPORE* 7.79 KUALA LUMPUR 11.5® JAKARTA 28.00 BANGKOK 14.75 MANILA 22J0 HONGKONG 10.25 TAIPEI 8.86 SYDNEY 8.45 TOKYO 2.6073 words
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570 1998-05-14 1 R Sivanithy - Market players see speculative funds capitalising on Indonesian fears By\ R Sivanithy [SINGAPORE) Floundering regional stock markets took a sharp turn for the worse yesterday on reports of deteriorating social unrest in Indonesia. But market players said American hedge funds did the570 words
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425 1998-05-14 1 Larry Wee - Rnpiah plummets past 10,000, near term outlook weak By] Larry Wee [SINGAPORE] Currency markets across Asia were pummelled yesterday, with the Indonesian rupiah nosediving a massive 16 per cent at its lowest point yesterday to 11,000 to the greenback. The rupiah ended Asian trading at425 words
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267 1998-05-14 1 Asia has got everything going against it, says one Reuters [GENEVA] Money managers meeting in Geneva have warned investors who may be tempted to pick through the debris of Asia's collapsed markets in search of bargains to steer clear of the troubled region forReuters - 267 words
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Article, Illustration984 1998-05-14 1 S N Vasuki - President cuts short Cairo trip as riots escalate, more deaths reported From I S N Vasuki in Jakarta PRESIDENT Suharto, now on a state visit to Cairo, yesterday urged anti-government rioters at home to show restraint, after enraged students rampaged through the streets ofREUTERS - 984 words
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Page 1 Advertisements
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Advertisement150 1998-05-14 1 DfSIDE Wkn hanks tar* wiry Bankers are scrutinising applications for credit with a magnifying glass, complains a major property developer, Pg2 Parkway pkws w Despite the depressed regional market, Parkway Holdings is continuing to expand overseas, PC IB Sleek with nifty features But the Mitsubishi FTO leaves much to be150 words
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Advertisement10 1998-05-14 1 Recovery prospects dim for Asia as yen sinks, Pg 610 words
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Advertisement68 1998-05-14 1 Amien Rais: man J behind the i scene? Full report, ir Restaurant W Serving the Latest Culinary Style New Asia Cuisine, 2HPk M an Exotic Blend of Eastern and Western Cooking SS i Serving Authentic '4 Hunan Sichuan |L *w i jmvHH Specialities. One of Singapore's Top SPICE GARDEN RESTAURANT68 words
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SINGAPORE AT HOME & ABROAD
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302 1998-05-14 2 THE view among experts about the likely duration and depth of East Asia's financial crisis has become increasingly pessimistic, the World Bank's regional manager for East Asia and the Pacific, Javad Khalilzadeh Shirazi, admitted yesterday. Speaking to journalists at a press briefing302 words
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478 1998-05-14 2 Siow Li Sen - Bankers resort to strict screening of applicants and selective lending By\ Siow Li Sen THE great bank credit squeeze is on, hitting hardest new businesses and smaller companies as they usually have bumpy cashflows and are least able to survive a credit478 words
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426 1998-05-14 2 Annette Pau - The cuts, expected today, said to affect mostly those at the Chai Chee plant By. Annette Pau AFTER holding out for almost five months, US disk drive maker Western Digital is today expected to lay off some 400-500 workers from its Chai426 words
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Article, Illustration301 1998-05-14 2 Carol Eng - EYE ON THE ECONOMY Prices Byi Carol Eng DESPITE price increases in most goods, the domestic supply price index for February dipped 1.3 points from a year ago to 85 points, latest figures from the Department of Statistics show. Revised data also show the JanuarySource: Dept of Statistics - 301 words
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375 1998-05-14 2 Bat outlook uneven, MNCs will fare best, says NUS economist ECONOMIC growth at the upper end of the official 2.5-4.5 per cent forecast is unlikely, given the economic data for the year to date, a National University of Singapore economist said yesterday. But375 words
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187 1998-05-14 2 SIBEX '98, Singapore's longest running building exposition, opened yesterday on a smaller scale but its organisers, say it is down only in not quality. *JjrtWitlo23o companies takmgScft a total floor space of 7,000 sq m, the four-day Sibex '98 at the Singapore International187 words
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Article, Illustration391 1998-05-14 2 Bnt promotional budget will be smaller THE Great Singapore Sale (GSS) will go on this year albeit with a smaller promotional budget despite weakening regional economic sentiment which has exacerbated local retail woes. At a press conference yesterday, the GSS organising committee emphasised thatFILE PHOTO - 391 words
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218 1998-05-14 2 THE owners of Stars Restaurant Cafe (Stars Singapore) closed their outlet yesterday after failing to secure a cut in rentals from landlord Chijmes Investment. "Stars Singapore is being closed due to an on-going dispute with the landlord, Chijmes Investment, after months of intense negotiations218 words
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313 1998-05-14 2 NCB will first put up $10m in scheme for SFCI members; may commit np to $35m APPLICATIONS are now open for local IT companies keen on tapping the IT Co-In-vestment Fund for their forays into new technologies or markets overseas. First313 words
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228 1998-05-14 2 ISLAMIC banking its potential and prospects in Asia, and its competitiveness vis-a-vis conventional banking will be discussed at an international conference on the subject in Singapore on Aug 17-18. The inaugural Asia Islamic Banking and Finance Conference, organised by Mendak i Holdings, is expected to228 words
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Page 2 Advertisements
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Advertisement57 1998-05-14 2 dale Carnegie Training Leadership Training for Managers Teamwork Increases Productivity. Our practical skills development elicits quantitiable results in: Earning respect to enhance teamwork. Result-oriented instead of task-oriented. Leadership skills to promote accountability. Time management to inaease productivity. Effective communication for improved relations. C. New Class Starts mtkrAi* May 25 (Mon)~57 words
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Page 3 Advertisements
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Advertisement101 1998-05-14 3 The sensation of time CONCORD, Watchmakers Since 1908 CONCORD SWISS VENETO™ Time as a tactile experience... Eighteen karat hand-sculpted, zPW hand-crafted, hand-polished. Jpß Exuding an unmistakable flw^~^Z--^egeggpSfl||lßSJ sense of luxury. \f VM I \am J r fcl t «fc.. ifffe Dl *m B Concord Service Centre: 220 5337 220 2994101 words
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FOCUS: PROPERTY
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Article1087 1998-05-14 4 Property transactions for districts 11 and 21 (sectors 28 to 30 and 58 to 59) lodged between Jan 5, 1998 and May 9, 1998.' Project Nama/ Prop Contract Tenure BuBMn/ Price Ht Street Name Type Dale LandArea* (aqtt) (STOOO) (SS) District 11 Arcadia Gdn Apt 18-12-1997 99 75031,087 words
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Article, Illustration666 1998-05-14 4 Jenny Lam - Expatriate demand keeps landed properly rents from falling with the market By, Jenny Lam [SINGAPORE] Rentals of landed properties in the Sunset Way vicinity off Clementi Road and the Yarwood Avenue/Binjai Park estate in Bukit Timah appear to be holding up better than average. While666 words
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411 1998-05-14 4 Speculators default on purchases, refuse to pay commission [HONGKONG] A sharp correction in property prices has raised estate agents' bad and doubtful debts to their highest levels in 10 years after potential property buyers walked away from deals In droves. Sources said speculators burned411 words
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Page 4 Advertisements
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Advertisement446 1998-05-14 4 FOR RENT BRAND NEW 2 STOREY BUNGALOW at Holland Road/Garlick Avenue Accessible via Bukit Timah Rd/ Sixth Avenue/Holland Rd Less than 5 mins. drive to Cold Storage Supermarket (King Albert Park) Land/Built-Up: 16,600/8,400 sa. ft Huge Master Bedroom with attached $ludy attached bath complete with jaccuzzi balcony 4 bedrooms with446 words
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Advertisement66 1998-05-14 4 LIM HOCK KIM BUILDING 29 OXFORD ROAD SINGAPORE *****2 TENURE Freehold (Lot 1584 TS 18) LAND AREA Approx. 1341 sq.m. or ***** sq. ft. BUILT IN AREA Approx. 2509 sq. m. PLOT RATIO 2.8 MRT Approx. 3 mins walk Future Farrer Park Station TENDER CLOSES ON 6 JUNE 98 AT66 words
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Advertisement19 1998-05-14 4 The Straits Timm ClimMbilT—Mai iif&t IztUi Tanglin Mall, every third Saturday of jj the month, spm 11pm I**-"-! 119 words
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FOCUS
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Article, Illustration836 1998-05-14 5 S N Vasuki - Mnhammadiyah movement's leader was in rousing form yesterday From I S N Vasuki in Jakarta MUSLIM leader Amien Rais has emerged as a key player behind the wave of student protests that are intensifying across the country. However, analysts are sharply divided on whetherAFP - 836 words
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Page 5 Advertisements
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Advertisement45 1998-05-14 5 *nr ,c* 7*' me-l Mfc in ,''A< I'O 'ft You (I promised Hm moon. 'rmitrnßißM'• I'l 1 1 ,s 111< <• w;»r i»• "i 1 sing •I"" 4 i "JjpL 'V| i 1 7 i i t i*i.' \JLd J ...mjrrr 4 HHHH W x Jem45 words
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MARKETS IN TURMOIL
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240 1998-05-14 6 Bloomberg [BANGKOK] Creditors of Alphatec Electronics, once Thailand's largest memory chip assembler, asked the Thai court to declare the company bankrupt and allow banks to supervise a restructuring. The filing comes about a month after Thailand changed its bankruptcy code, adding aBloomberg - 240 words
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Article, Illustration523 1998-05-14 6 Quak Hiang Whai - From Quak Hiang Whai in Hongkong ESCALATING social unrest and violence in Indonesia aggravated the tight money market situation in Hongkong yesterday, sending the Hang Seng index reeling. Brokers reported heavy selling by European and Japanese funds which started last week asSource: Bloomberg - 523 words
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Article, Illustration751 1998-05-14 6 Harish Mehta - Plans include body to curb governor's powers, moves to raise transparency Reports by Harish Mehta in Bangkok CURB the powers of the central bank governor and take urgent steps to restore the battered Bank of Thailand's credibility. This call came from noneAFP - 751 words
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469 1998-05-14 6 It will boy shares of firms that fail to raise capital by Jnne NONE of Thailand's troubled finance companies will be forced to shut down, and the Bank of Thailand will buy shares offered by those thaf fail to raise469 words
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412 1998-05-14 6 Meera Tharmaratnam - By. Meera Tharmaratnam in Kuala Lumpur MALAYSIA'S benchmark stockmarket index yesterday fell to a four-month low as investors dumped stocks on growing fears of political and economic instability in the region, analysts and brokers said. The Kuala Lumpur Composite Index412 words
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Article, Illustration401 1998-05-14 6 Anthony Rowley - China bank official accuses Tokyo of being irresponsible From Anthony Rowley in Tokyo THE yen sank below 134 to the US dollar in Tokyo yesterday as financial markets appeared to rule out the prospect that this weekend's G-8 meeting inSource: Bloomberg - 401 words
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326 1998-05-14 6 Amount is equivalent to one-fifth of S Korean economy Bloomberg, Reuters, AFP [SEOUL] South Korea said it may have to write off bad loans equivalent to a fifth of its economy, a US$43 billion (5571.3 billion) hole that could further maim itsBloomberg,; Reuters,; AFP - 326 words
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Page 6 Advertisements
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Advertisement7 1998-05-14 6 J&pan'a current account surplus down, Pg 77 words
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REGION
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417 1998-05-14 7 BEIJING But fall anticipated, won't spark moves to devalue ynan, say China watchers AFP THE Asian financial crisis had a chilling impact on China's trade in the first four months of 1998, with export growth plummeting 15.3 percentage points fromAFP - 417 words
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Article, Illustration303 1998-05-14 7 KUALA LUMPUR Water production from a well will help ease acute shortage AFP MALAYSIA'S central Selangor state has begun pumping underground water to industrial areas to ease an acute shortage, a report said. The first phase of water production from a well canAFP - 303 words
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258 1998-05-14 7 TOKYO Bloomberg JAPAN'S current account surplus fell in March, the seventh contraction in 10 months, as Asian countries bought fewer machines and materials for manufacturing. The current account surplus shrank 28.4 per cent to 1.116 trillion yen (5513.8 billion), the Finance Ministry saidBloomberg - 258 words
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Article, Illustration712 1998-05-14 7 Lu Ning - CHDVA WATCH Tapping into world's fastest-growing market is a challenge By Lu Ning LAST week, China's largest personal computer (PC) maker, Legend Group, marked a milestone in its brief history. The one millionth PC rolled off its assembly line in Beijing. From zero to712 words
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653 1998-05-14 7 David McLoughlin - They hope it won't do more harm to the stagnant economy Prom David McLoughlin in Auckland NEW ZEALAND'S business community is not waiting with any enthusiasm for the budget which Treasurer Winston Peters will present to Parliament today. At best, business leaders are653 words
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Page 7 Advertisements
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Advertisement545 1998-05-14 7 ■property! G U IDE I $1,000 of Instant Savings for I Home Buyers and Sellers Available FOR SALE all over fJlU'fl] I Singapore H, C 3-1999 BtF C9/OH/98 OR! S S OH-iOCH OR! IS OH -MR OR! VS X OH-SB6 OR! SS C-MOT OR! EG 1/98 OR? S.S OH-£O(W OR!545 words
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Page 8 Advertisements
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Advertisement365 1998-05-14 8 The Business Capital Of Asia, Singapore's Lai I The Region's Premier Convention Exhl Step Into The Future. Step Into I The Future in Asia and Singapore's Largest Shopping Mall. I The World Meets Here. if convention S Over 1 million square feet. including; V:S T The City Closest More affordable365 words
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Page 9 Advertisements
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Advertisement552 1998-05-14 9 [sia, Singapore's Largest Shopping Mall, 1 r Convention Exhibition Centre. I ture. Step info Suntec City. a from 4E2 jMadli J ?s Suntec City is proud to be home some Tl ?tA world's "When deciding on our new office, a big floor m>* $>"■*?*> i<*®r plate was a very important552 words
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REGION/WORLD
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Article, Illustration660 1998-05-14 10 Rajendra Bajpai - Japan cats USs3om aid; analysts say impact of sanctions won't be severe By] Rajendra Bajpai in New Delh i AS INDIA conducted two more nuclear tests yesterday in defiance of international opinion, economic and trade sanctions rained down on the country asAFP - 660 words
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Article279 1998-05-14 10 POTSDAM, Germany Reuters US PRESIDENT Bill Clinton and German Chancellor Helmut Kohl met yesterday for talks which are likely to be overshadowed by India's nuclear tests. Mr Clinton was formally welcomed by Mr Kohl at the Neues Palais, the summer palace of Frederick the Great,Reuters - 279 words
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371 1998-05-14 10 M WASHINGTON Bridge News A US FEDERAL appeals court ruled on Tuesday that anti-trust restrictions a judge placed on the sale of Microsoft's Windows software do not extend to the upcoming release of Windows 98, the company said. TheBridge News - 371 words
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251 1998-05-14 10 ULONDON Bloomberg THE Bank of England is likely to say in its quarterly inflation report, due yesterday, that inflationary pressures are easing. It probably won't say interest rates have peaked, though. In its last inflation report, in February, the central bankBloomberg - 251 words
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491 1998-05-14 10 WASHINGTON PPI report raises concern of Fed rate hike to cool inflation PRICES paid to US factories, farmers and other producers registered their first increase in seven months in April, a sign industrial costs could creep higher. The Producer Price Index rose 0.2491 words
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Article, Illustration544 1998-05-14 10 NEW YORK Unlikely; pound may fall but there won't be a ront: analysts NYT GEORGE Soros, the man who broke the Bank of England six years ago, is said to be betting against the pound sterling once again. Does that mean it's deja vuNYT - 544 words
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314 1998-05-14 10 WASHINGTON Bloomberg US Treasury Secretary Robert Rubin is recommending that President Bill Clinton veto legislation to revamp the US financial services industry as it "would substantially weaken the national banking system", Mr Rubin said in a letter to HouseBloomberg - 314 words
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Page 10 Advertisements
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Advertisement97 1998-05-14 10 Best GoK Cruise Offers Pamper yourself with a well deserved break. Play golf at Termg Bay trvise onboard M/V leisure World Prices: Ssl6B (men) Ssl4B (ladies) (Both packages include all golf arrangements, meals 1 nite's stay onboard M/V Leisure World.) jfeflflHfifflßdSjHlß Oep dotes: 15/5, 18/5, 20/5, 22/5, 25/5, 27/5 29/597 words
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Advertisement28 1998-05-14 10 INGA P O R I PROPERTY I GUI D E I Over 1,000 Property Listings I With Full Colour Photos. I Available IfORS^iLeI I all over I Singapore28 words
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Advertisement90 1998-05-14 10 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants For90 words
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EDITORIAL & OPINION
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Article, Illustration689 1998-05-14 11 Robert Reno - BPTTOMLDVE OPINION By Robert Reno The writer is a Newsday columnist WALL Street and the automotive world were caught flat-footed last week by the largest industrial merger in the history of the world. Most experts, analysts, industry observers, competitors all the usual suspects689 words
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Article180 1998-05-14 11 The question is why don't we learn to read? What's the state department for? The political leadership in India as much as said they were going to begin testing. There's a tendency at the state department to say, 'Gee, the CIA never told us'.' Daniel Patrick Moynihan180 words
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Article622 1998-05-14 11 EDITORIAL Australian Treasurer Peter Costello's third budget showed all the hallmarks of a government heading into an election. He announced a A 52.69 billion (552.79 billion) underlying surplus, and forecast economic growth at 3 per cent in 1998/99 and the jobless figure coming down even if slowly.622 words
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Article, Illustration916 1998-05-14 11 Leon Hadar - Imposing sanctions damages ties with Delhi, bnt US may still have to live with Indian nnclear bomb By' Leon Hadar The writer is BT's Washington correspondent INDIA'S underground tests of three nuclear devices on Monday have been described by US officials and expertsREUTERS - 916 words
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Article882 1998-05-14 11 Indonesia in discord AFTER two days of relative calm, students in various cities across Indonesia returned to the streets on Tuesday to voice their discontent over the economic and political situation and to demand change. Judging by the prevailing mood of the students, a growing number882 words
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Page 11 Miscellaneous
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EXECUTIVE LIFESTYLE
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Article, Illustration672 1998-05-14 12 CHRISTOPHER TAN - But the Mitsubishi FTO leaves much to be desired for sheer driving pleasure, writes Christopher tax CHRISTOPHER TAN IF THIS car had arrived here the time it was first unveiled in 1995 it would have been a scorcher of a hit. No question about it. Just672 words
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BUMPER to BUMPER
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86 1998-05-14 12 MOBIL'S Tour de Singapour Rallye blasts off this Sunday at the National Stadium carparks A, B, C and F. This year's race, the ninth precision-driving event sponaored by Mobil Oil Singapore, will see 57 drivers competing in 10 categories. At stake is $25,000 worth of86 words
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Article, Illustration81 1998-05-14 12 THIS is a concept study of Land Rover's Defender for the millennium. Note the exposed coil suspension, deep-set "eyes", single top-mounted wiper and an obviously amphibious form made of lightweight polymers. Despite the futuristic and playfUl design, it retains the Land Rover look. Meanwhile,81 words
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86 1998-05-14 12 TRANSPORT operator Comfort has launched a "book a cab and win a car" campaign. For three months starting tomorrow, commuters stand to win a 1.6-litre Peugeot 906 when they book a Comfort taxi through any of the three automated modes; Cab Link86 words
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69 1998-05-14 12 PORSCHE'S four entries for Le Mans have qualified for the showdown next month, setting the best lap times in the trials without a hitch (with one crfr clocking an average speed of 22Skmh). It will pft its prowess against all comers on June69 words
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59 1998-05-14 12 Christopher Tan - Compiled by < Christopher Tan HARLEY customers, scream! Agent Harley-Davidson of Singapore is organising a "breakout party" at Zouk next Thursday where you will meet Nadya Hutagalung in person and catch Elite Models (including Junita Simon) strut their stuff. Every 100 purchase erf"any Harley-Davidson Motor Clothes59 words
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Article, Illustration529 1998-05-14 12 FILM Reuters [CANNES] After weeks of frantic hammering and flower arranging, the red carpet unrolled yesterday as the Cannes Film Festival opened on the sun-soaked French Riviera. Hundreds of curious onlookers lined up for hours outside the Festival Palace on the shoresReuters; AFP - 529 words
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Article, Illustration704 1998-05-14 12 Sian Jay - ART Sotheby's has 202 pieces, some never sold before, for sale By I Sian Jay A TOTAL of 202 works valued at over $3 million will go under the hammer at Sotheby's South-east Asian Paintings sale at The Regent Singapore on Saturday. Although regional704 words
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Page 12 Miscellaneous
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Miscellaneous157 1998-05-14 12 THE WEA'l'Mtt Stappani Cloudy. Temperature (28-24 C) AjU-PmlHc 'HVLo* Good. Europe Hi/Lo* Good. A marina BW** Otai Auckland MJ shown AMkntam *11 <*m|> BmnotAfo IMB dowty Bangkok 57% sunn) A*a» 14/17 ctoudv Ifcflfig. 24,12 wnnv Berlin WW doud> II» Bombay U?5 wnnv Boob *lt <*"*!> Brunn ftouth OopaihagaL 1«W miuij157 words
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Page 13 Advertisements
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Advertisement501 1998-05-14 13 Didn't you know? I read it in SvU '"Mem'. > > Cliiiiffiid ffcit wtikti d. ass Where to wine, dine and entertain... MhEptw!™ ilfi An All-You-Can-Ea*.. <PorTUfae <Dlnner <$ujjet Help yourself to more than 30 sumptuous dishes... to go with steaming Iwt far ridge, yam rice or plain rice. Friday501 words
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Advertisement43 1998-05-14 13 I DISCOVER THE NEW LOOK PINE COURT CHINESE RESTAURANT WHERE DINING IS TRULY A BEAUTIFUL EXPERIENCE For reacrrattom. pieaae call «5i MM Ul 6t66 PjS 335 Orchard Road miNKSF Singapore J ***** MSTAURANT Tel: 737 4411 I Dine for Free in our Garden*43 words
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Page 13 Miscellaneous
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Miscellaneous814 1998-05-14 13 TV&RAPIO n Bv Afternoon At The 12.35 AM Entertainment iTHBMn Movies News Express. vn GMEKIi 2-30 PM TV Innovations. 4.45 Just Kidding. L 35 City Spy. TMHP r\ rWeN^i 4.00 Kidz Blitz: Classic 5.00 NewssTodav Followed 2.00 TV Innovations. lP J Speed Racer. By She-Ra Princess of 3.00 Legend of814 words
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Miscellaneous171 1998-05-14 13 CRYPTIC CROSSWORD DOWN propriate part of car (5) YESTERDAY'S SOLUTION 1 Responsible for tantrums out 15 charm initially unwanted for |h|m|i|i hMM hi M |i MM of public view? (6.3.6) raC e meeting (5) |gMoMo»TM»MEMNini 2 Sm PlayWrlBhtrUnSint 19 Fool, for example, over excel--3 Student returns low mill ma- lent171 words
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Page 14 Advertisements
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Advertisement112 1998-05-14 14 'SEEf zi si^--^ *y ?«£s3<rw]| Wfi«(S£asS®il S &i i*»"ft' Sal fegSir A r 1 8 fife K$ "3* M 4 I *ja s® «3i W Igplgssif ?»35K s&yt/ IffiiS aSBBBBBBB jpaP* asgjgs**** -f%?idwr nV'* "j®p».*" '"rntl IBEHSBBSHIB 9M y MMBB jyiyg-. <-— «~-.-^i •"tj*sssr 3S&, Ml aS grtmr^rj t~g «3112 words
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COMPANIES & MARKETS
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Article, Illustration536 1998-05-14 15 Wong Wei Kong - Observers talk of hedge-fond activities and exit of longer-term money Wong Wei Kong [SINGAPORE] On a day when the Straits Times Industrials Index crashed nearly 5 per cent as further violence erupted in Indonesia, blue chips offered investors little safety asSource: Bloomberg - 536 words
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Article, Illustration511 1998-05-14 15 Louis Beckerling - By\ Louis Beckerling [SINGAPORE] A group of small shareholders of venture capital firm Transpac Industrial Holdings wants the company to be wound up and its assets liquidated. Alternatively, it wants a change in Transpac's top management and a cost-cwt-ting programme, starting with the managementSource: Bloomberg - 511 words
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744 1998-05-14 15 Russell Baker - HOCK LOCK SIEW Russell Baker THE FIRST signs that all was not well at Brierley Investments Ltd (BIL) came in March when the New Zealand group admitted that it was preoccupied with trying to extract value from its existing investments rather744 words
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Article, Illustration395 1998-05-14 15 Jenny Lam - Deals signed for healthcare projects in Philippines, China By, Jenny Lam (SINGAPORE) Despite the depressed regional market, Parkway Holdings is continuing to expand overseas, having recently signed a preliminary agreement to build a hospital in the Philippines. The healthcare and property group395 words
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303 1998-05-14 15 Wong Wei Kong - By 1 Wong Wei Kong [SINGAPORE] The Singapore International Monetary Exchange is embarking on an education and marketing campaign to prepare investors for the launch of its first Singapore stock index futures contract in August. In a circular to members late last week, Simex303 words
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REGIONAL COMPANIES
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Article, Illustration481 1998-05-14 16 Eddie Toh - SC broadens priority listing terms to indnde projects not deferred by govt Front Eddie Toh in Kuala Lumpur CASH STRAPPED infra structure projects in Malaysia now have a better shot at getting fresh capital under a recent policy relaxation by the SecuritiesFILE PHOTO - 481 words
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Article502 1998-05-14 16 Ruth Wong - RM35m from Kinta Kellas and RMSIm from Propel Froi Ruth Wong in Kuala Lumpur MALAYSIAN construction firm United Engineers (Malaysia) Bhd (UEM) appears to have ridden on the credit worthiness of its units when it borrowed heavily to fund the controversy-ridden 2.34 billion Malaysian502 words
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195 1998-05-14 16 Acquisition could be announced soon, says M'sian daily euters [KUALA LUMPUR] Malaysia's Public Bank Bhd is considering buying Sime Darby Bhd's merchant banking unit, Sime Merchant Bankers Bhd, The Star newspaper said yesterday. The daily quoted banking sources as saying Public Bankeuters - 195 words
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214 1998-05-14 16 AFX-Asia [KUALA LUMPUR] Telekom Malaysia Bhd will pay cash for the outstanding 70 per cent stake in cellular phone operator Mobikom Sdn Bhd, chairman Ali Hassan said. The New Straits Times quoted Mr Ali Hassan as saying that funding for the purchaseAFX-Asia - 214 words
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216 1998-05-14 16 Reuters [BANGKOK] Thailand's Adkinson Securities pic said yesterday it would revamp its capital increase plans and issue 39.5 million new shares to international investors including the George Sorosbacked Quantum Emerging Growth Fund. In a statement to the Stock Exchange of Thailand,Reuters - 216 words
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305 1998-05-14 16 Reuters AFX-Asia, [BANGKOK) Dhana Siam Finance pic said major shareholder Siam Commercial Bank remains committed to subscribing to a current rights issue and that the overall financial situation of the finance company is "sound". In a statement to the Stock Exchange ofReuters; AFX-Asia, - 305 words
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227 1998-05-14 16 Bloomberg [KUALA LUMPUR) Shares of Tenaga Nasional Bhd fell to a four-month low amid expectations the Malaysian power utility will post a loss when it announces its fiscal first-half financial results tomorrow. Tenaga fell as much 35 sen toBloomberg - 227 words
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COMPANY Briefs
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91 1998-05-14 16 [SINGAPORE] Kian Ho Bearings will be added to the list of trustee shares under the Central Provident Fund Board's Investment Scheme from today. CPF members can now invest in 164 mainboard trustee shares, three on Sesdaq and 10 trustee loan stocks on the91 words
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Article51 1998-05-14 16 [SINGAPORE] TLB Bullion Futures, a wholly-owned subsidiary of Tat Lee Bank, has gone into voluntary liquidation, the bank said yesterday. TLB Bullion Futures decided at its extraordinary general meeting on May 8 to wind up the company, and to appoint Hamish Alexander Christie as51 words
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72 1998-05-14 16 [SINGAPORE] Auric Pacific has raised its stake in Bank Niaga to 70.47 million shares, with a book value of $10.14 million, compared to a cost of $26.02 million. The increase arises from Auric's recent purchase of 113,500 Bank Niaga shares for $7,825. These72 words
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Article44 1998-05-14 16 [SINGAPORE] Pacific Century Regional Developments has appointed Nicholas Colfer director and chief operating officer. Mr Colfer joins the board on June 1 from the Jardine Matheson group, where he has spent 13 years in senior management positions in Asia.44 words
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36 1998-05-14 16 AFX-Asia [TAIPEI] First Commercial Bank is considering taking a 60 per cent stake in an unidentified Philippine bank for NT$2 billion (Ss99 million), the Commercial Times reported, citing banking sources. —AFX-AsiaAFX-Asia - 36 words
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543 1998-05-14 18 Quak Hiang Whai - Net exceptional gain of £587 m, mainly from HE Telecom, boosts results Froh Quak Hiang Whai in Hongkong BRITISH telecommunications giant Cable Wireless pic yesterday unveiled an impressive set of results for the year to March 31, 1998, with earnings per543 words
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505 1998-05-14 18 Bloomberg [SYDNEY] James Hardie Industries Ltd, an Australianbased building materials company, said its second-half earnings fell an expected 74.2 per cent, dragged down by losses on asset sales and legal costs from a dispute. The company reported a second-half profit of A 517.6Bloomberg - 505 words
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Article269 1998-05-14 18 Revamp At UK broker to see staff cnts in KL, BAngkok Bloomberg [HONGKONG] Cazenove Co, the UK's largest independent stockbroker, will focus its Asian business on regional hubs in Hongkong and Singapore while trimming some offices, executives said. The move which includes cutting staffBloomberg - 269 words
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495 1998-05-14 18 A setbAck for HE'S luxury retailer hit by the Aoaii crisis Bloomberg [HONGKONG] With the rejection of his two-year bid to take over Barney's Inc New York's bankrupt but ev-er-trendy retailer Hongkong's Dickson Poon is left to focus on a luxury shopping empire thatBloomberg - 495 words
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Article, Illustration391 1998-05-14 18 Bloomberg [TOKYO] Daimler-Benz AG is considering including Fuji Heavy Industries Ltd, the maker of Subaru cars, in any alliance with Nissan Diesel Motor Co, said Nissan Motor Co president Yoshikazu Han awa. "It's possible Fuji Heavy could join the alliance," saidBloomberg - 391 words
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FINANCE & COMMODITIES
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482 1998-05-14 19 Anthony Rowley - The two Japanese giants forge alliances in fond management and derivatives business Front. Anthony Rowley m Tokyo SIGNS emerged yesterday of a defensive strategy on the part of Japanese financial firms threatened with a major foreign invasion of their territory482 words
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214 1998-05-14 19 Reuters [PARIS] French financial conglomerate Paribas is a more attractive target for a takeover bid now than a few years ago, but such an offer would not create additional shareholder value, Paribas chairman Andre Levy-Lang said on Tuesday. Mr Levy-Lang also said he believed theReuters - 214 words
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421 1998-05-14 20 Wong Wei Kong - Latest sub-fond to join Templeton's S'pore umbrella fond By Wong Wei Kong [SINGAPORE] Even as Asian stock markets tumbled yesterday in reaction to rising unrest in Indonesia, Templeton Asset Management launched a new fund that will allow investors to invest in the421 words
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408 1998-05-14 20 Conversion could lead to USslob windfall for its 5m policyholders Bloomberg [BOSTON] John Hancock Mutual Life Insurance plans to convert into a publicly traded company to help it make acquisitions and raise capital and, analysts said, distribute as much as US$lO billion (Ssl6Bloomberg - 408 words
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259 1998-05-14 20 Bloomberg [BOMBAY] J P Morgan Co has won government approval for its first office in India and is expected to open one in South Korea soon as part of the bank's plan to expand in emerging markets. Reserve Bank of IndiaBloomberg - 259 words
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244 1998-05-14 20 Bloomberg [NEW YORK] A New York brokerage owner was sentenced up to 24 years in jaU after a jury convicted him of stealing from investors by convincing them to put their money in worthless stocks. Robert Laws, owner of Concorde CapitalBloomberg - 244 words
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294 1998-05-14 20 Changes see board member taking over investment banking Bloomberg [FRANKFURT] Josef Ackermann, a member of Deutsche Bank AG's management board, will take direct control of Deutsche's investment banking business in the second management shakeup of the unit in four months. Mr Ackermann's new roleBloomberg - 294 words
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220 1998-05-14 20 SOKEZReport [SINGAPORE] Simex Euroyen futures slipped as Japanese government bond (JGB) futures surrendered some of their recent heady gains in late trade yesterday. But dealers said the market was merely taking a breather and Japanese credit instruments would remain well sought on dips220 words
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171 1998-05-14 20 Cecilia Loh - MSCXTAIWAMFUTOKES Cecilia Loh Cecilia Loh, service dealer, Refco Singapore [SINGAPORE) The Simex MSCI Taiwan Stock Index futures contract continued to tumble as the depreciation of the New Taiwan dollar and other Asian currencies sparked concern that financial crisis and economic slowdown across South-east Asia may171 words
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268 1998-05-14 20 ENERGY REPORT Reuters, Bloomberg [LONDON] IPE Brent and gas oU futures held gains as buying frenzy on June provided support, brokers said yesterday. At 1151 GMT, June Brent was trading nine cents up at U5515.20, just two cents under June Nymex which was atReuters,; Bloomberg - 268 words
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Article279 1998-05-14 20 AFP THE dollar rose against all other major currencies except the pound due to the effect of the yen's weakening and a few hours ahead of publication of US retail sales data and producer prices for April. Some analysts think the number might lead the Federal Reserve toAFP - 279 words
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Article, Illustration1172 1998-05-14 20 mTBEBAim CROSS EATBS Mayi3 C$ ffc CO) ffr mm y mm n ItgPttts N> t$ fi Sir WW la* «8 AMtnRi 9.904 6.T78 0 56* 1748 l« 4476 2102****** 0444 MS7 2.446 U79 2T.790 24.911 1044 185 0.931 ********** 02B5 109 CM* HOT 1710 0.628 4(41 1237 5.395 ***** 73.1T71,172 words
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Article1903 1998-05-14 21 SICOM FUTURES May 13 RUBBER (futures closing is it 5.30pm) RSS1 CONTRACTS cmtsAg) Close Volume Open Month Hlqh Low Sott (towns) Interest Jun 98 124.75 124.75 125.00 375 900 Jul 98 124.50 375 2065 Aug 98 125.00 2615 Sop 98 126.75 1615 Oct/Dec 98 130.75 4650 Jan/Mar 991,903 words
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Article2339 1998-05-14 21 LONDON Industrial Way 13 9mKI *h 31 Group 630.000 30.000 AB Ports 372.000 -3.000 Abtxy National 1107.000 7.000 Allied Domecq 623.400 1.400 Amec 179.400 -2.600 Asda Croup 190.200 0.800 BAT Ind 594.000 2.000 BG PtC 331.400 4.000 BICC 168.000 -5.000 BOC Group 977.000 9.000 BR Petroleum 966.0002,339 words
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Article1612 1998-05-14 21 Bloomberg P Nikkei 225 +2L33 JAPANESE stocks were little changed as falls by banks on concern political strife in Indonesia will ripple through Asian markets offset gains by electronics makers on buying by public pension funds. "Investors are getting cold feet about banks' exposure to Asia," said Yoshio Inamura.Bloomberg - 1,612 words
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Article, Illustration1538 1998-05-14 22 Reuters kl Hang Seng -***** THE Hang Seng Index suffered its biggest point drop in more than two months yesterday as increasing violence in Indonesia and rising interbank rates battered share prices across the board. The blue chip index closed on a loss of 372.22 points, or 3.78 perReuters - 1,538 words
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Article, Illustration629 1998-05-14 22 Reuters QShenzhen Blndex +0.06 CHINA'S hard currency B shares closed mixed yesterday amid renewed falls on regional markets including Hongkong which badly damaged investor confidence, brokers said. Shanghai's B Share Index shed 0.77 points, or 1.60 per cent, to 47.51 as turnover expanded to US$3.l4 million. In Shenzhen, theReuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 629 words
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Article359 1998-05-14 22 AFP □WP Index -75J3 TAIWAN stocks fell 0.9 per cent yesterday on concerns over the yen's weakness and unrest in Indonesia, brokers said. The Weighted Price Index dropped 75.53 points to 8,202.90. following a 1.2 per cent slip the previous session. "If the yen is unstable, the Taiwan dollarAFP - 359 words
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Article265 1998-05-14 22 AFX-Asia n Wellington -126 Share prices closed slightly lower amid heavy trading in Lion Nathan, dealers said. The NZSE-40 Index closed down 3.26 points at 2,228.69 on turnover of NZ5201.6 million. Lion Nathan accounted for about half of total turnover. A block of 23 million shares was traded atAFX-Asia - 265 words
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Article, Illustration804 1998-05-14 22 AFP n SET Index -10.73 THAI stocks closed yesterday near their lows for the year with a 2.8 per cent fall on the back of regional tensions and concerns about the fate of struggling finance companies, analysts said. Dealers said the banking and finance sectors led the market downAFP - 804 words
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Article419 1998-05-14 22 AFP Q Composite Index +4.72 SHARE prices rose 1.3 per cent yesterday, recouping early losses, on expectations of government steps to remove foreign shareholding ceilings, dealers said. The market fell to 344.57 in morning trade but saw a technical rebound later, led by large caps. "Investor interest stayed inAFP - 419 words
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Article588 1998-05-14 22 AFP QAH Ordinaries -KL2 SHARE prices shed 0.5 per cent in post-budget trade yesterday, defying a rise on Wall Street and falling in line with Asian bourses. The All Ordinaries Index, lost 13.2 points to 2,773.7. The All Industrials Index finished 15.6 points lower at 4,780 while the AllAFP - 588 words
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Article, Illustration732 1998-05-14 22 AFP n Composite Index -28.47 INDONESIAN shares closed 6.6 per cent lower yesterday as jittery investors bailed out following the shooting of six students by security forces in escalating unrest here. The Composite Index closed 28.47 points lower at 402.06 after dipping as low as 393.36. The rupiah alsoAFP - 732 words
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Article332 1998-05-14 22 AFP n Manila -6(^86 Philippine share prices fell 2.3 per cent yesterday due to fears that instability in the region, particularly Indonesia. could hurt Asian currencies. The Philippine Stock Exchange Composite Index fell 50.85 points to close at 2,163.67 points. Turnover fell to 362.9 million shares worth 869.1 millionAFP - 332 words
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KUALA LUMPUR STOCK MARKET
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Article8899 1998-05-14 23 INDUSTRIALS 1998 Last V- Day N«« Cap High Lao Company Sato 'OOO Lew P/t $mll 310 180 Ajinomoto 222 -8 2 222 222 12.2 90.0 148 65.5 Angkasa 65.5 -4.5 94 70 65.5 1.5 96.6 290 123 Apollo Food Hlg 160 4.7 64.0 388 190 BerjayaLand 290 5 96 3008,899 words
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Article, Illustration421 1998-05-14 23 AFP CI Composite Index -20.84 MALAYSIAN shares plunged 3.7 per cent yesterday on foreign selling amid fears of regional instability as the social unrest in Indonesia escalated, dealers said. The Composite Index closed at 548.33 points, down 20.84 points. The Second Board Index lost 3.48AFP - 421 words
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WARRANTS & OPTIONS
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Article3542 1998-05-14 24 BONDS, LOANS ft VARIANTS wt 1998 Last Vol Day Last Ouota High Low Stno Company SaX *or- COOO> High Law Buyar SaMar Prtca 23.5 9 m 3000 m AMDS c5.5******6 12.5 -0.5 30 12.5 12.5 12 20.5 8 3160 "Acar ******1 US$ 8.5 -0.5 47 9 8 8.5 10 953,542 words
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198 1998-05-14 24 R Sivanithy - WARRANT WATCH -By\ R Sivanithy GUTHRIE's warrants were the most actively traded counter yesterday, and they rose one cent to nine cents. A review is therefore called for to see if the interest is justified. Apart from being cheap in absolute terms, the other198 words
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Article2331 1998-05-14 24 Transaction date May 13 j MALAYSIAN STOCKS Of Gr 199® Last Vol Day Last Ouot. Mr Otv YM Nat M Cap High Law Mm Company Sai» COOP) MN» Law Bwyer S—r C*vr P/t $m« 135 28 m s 5000 AIS8 50c 495 -4 397 5-4.5 48 49 49.52,331 words
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6607 1998-05-14 25 Transaction date May 13 j Cr Or M Wt 1998 Last VaI Day Last Owll ON W* Ytd Nat Caa A»J Mm> Loo StMo Company SM OOP) WgH Law B«iyar C »r P/l Smll Prlca BOUSTVtAU 43 17.5 a 1020 ACE Dynamics60c.... 20 unch6,607 words
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Article1205 1998-05-14 25 Or Or mm IMS Lost Vol On LMtOwIt M Ml YM M Cop Av« hh» l— twn ciw>m *o»o rooo) w» l— i»r» cw w twi wm 134 83 2000 ABR HtdQS 5c 65 *2 5 85 85 84 88 41.5 87 243 76 2049 AS Auto 10c 1331,205 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration224 1998-05-14 26 Chut into from Bridge Stocks Volume Guthrie W02 11,235,000 SingTel 15c 7,252,000 STEngglOc 6,940,000 TSM Res 5c 6.502,000 •RHB Cap M99 5,732,000 HK Land USIOc 4,914,000 •Rekapacific Bh 4,490,000 Keppel Corp 4,484,000 •Renong Bhd 50c 3,969,000 •M Resources 3,883,000 Stocks S OCBC Foreign 21,818,708 SPH 20,634,118 SiA Foreign 20,397,744 DBS224 words
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Article, Illustration66 1998-05-14 26 Ven Sreenivasan - -by Ven Sreenivasan CLOB-TRADED MBf Capital slipped another cent to 36.5 cents yesterday Although the RSI charts show that the counter is significantly oversold at the moment, the momentum indicators suggest that it could continue heading south towards its next support level at 30 cents If it breaks66 words
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Article, Illustration703 1998-05-14 26 R Sivanithy - STOCK MARKET COMMENTARY STII falls up to almost 100 points in intra-day trading as sentiment worsens; Malaysian market relatively resilient By R Sivanithy [SINGAPORE] US hedge funds, intent on capitalising on the weak sentiment created by the explosive Indonesian situation, yesterday drove the703 words
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ON THE GRAPEVINE
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Article88 1998-05-14 26 THE Securities Commission and the Kuala Lumpur Stock Exchange, which recently pumped another 300 million Malaysian ringgit (*****.8 million) into the compensation fund for stock market investors, should boost it by another RM4 million to RM3IB million, says a superstitious market participant. He points out that88 words
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Article66 1998-05-14 26 DRESDNER (South East Asia Ltd) has an "Intensive Care Unit" where problem loans are being nursed back to health. One executive also described it as "the loan workout unit". It is staffed by officers from the credit department, who hope they'll all return to their credit66 words
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Article146 1998-05-14 26 THERE is no rest for the restless. Former French Legionnaire Simon Murray appears just as busy after quitting big businesses to do his own thing as he was when he was running Deutsche Bank in the Asia-Pacific, and Hutchison Whampoa. ICO Global Communications, the mobile communications146 words
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Article52 1998-05-14 26 BRAD West, head of Asia research at Deutsche Bank, will become head of equities for Singapore and Malaysia. He will be based in Singapore while Archie Hart, who joined the bank in March, takes over his job. Mr Hart is based in Hongkong and came from52 words
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Article60 1998-05-14 26 WE have bad news for Tiger Motors Singapore: The Lion is ahead. An official of Tiger said recently that the company was the first Singapore firm to assemble motorcycles. In fact, mainboard-listed Lion AsiaPac has had a massive motorbike assembly plant in China since early last60 words
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Article69 1998-05-14 26 HERE'S another buy-a-condo, get-a-car deal from developers. To lift sales of its Springbloom condo project. MCL Land has thrown in a Mercedes-Benz C-class as a lucky draw prize. The car. of course, is from the motor distribution business of its parent group, Cycle Carriage Ltd. Not very69 words
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Article50 1998-05-14 26 STATE-owned Petronas, often tapped to help cash-strapped Malaysian organisations with strong establishment links, yesterday performed a different sort of national service. The cash righ oil firm donated 800.000 kilos of rice and 816,000 cans of sardines to 20,000 families in several districts of drought-hit Sabah50 words
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Page 15 Advertisements
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Advertisement118 1998-05-14 15 k /I 1 1 I II I I BOSS DESIGN SALE UP TO 35% SAVINGS! For a limited time only Boss Design specialises in a full range of office furniture and accessories designed for the demanding professional. Don't miss this opportunity to own mastercrafted, fully imported furniture for less. Whether118 words
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Page 16 Advertisements
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Advertisement205 1998-05-14 16 #Cs%ft An international showcase for Interior design and Furnishing furnishings for Aeirt 'Oft residential, retail, office "vIU TO and hospitality Industries MB World Class Soft Furnishings View the latest interior furnishings, textiles, carpets, household linens from ■■ijM Europe, UK, USA, India, the Middle-East and South-East Asia. Fabrics On The Runway205 words
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Page 17 Advertisements
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Advertisement415 1998-05-14 17 NOW THE INVESTORS OF THE WORLD WILL HAVE TO MAKE ROOM FOR ANOTHER IMPORTANT INVESTOR. I'd like to invest in the HSBC ASIAN GROWTH FUND. Please send me an information L! Address Code Tel (H) (O) Send to 786 6666 during office For the first time in Singapore, you can415 words
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Page 18 Advertisements
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Advertisement110 1998-05-14 18 ways with J asparagus regardful hy \rahs and /tomans and fit fo) Erench royally, these tendet sf tears commanded esteem in the dining court of Frame's most extravagant monarch, King Eonis \l\ Even the Egyptians mure the asparagus, fust a feie shoots ehn'ate the simplest dishes to gourmet status. Relish110 words
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Advertisement452 1998-05-14 18 WANT WANT HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Second Annual General Meeting of Want Want Holdings Ltd (the "Company") will be hetd at The Oriental Singapore, Monet Suite, 5 Raffles Avenue, Marina Square Singapore *****7 on 29452 words
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Advertisement546 1998-05-14 18 WANT WANT HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Want Want Holdings Ltd (the "Company") will be held at The Oriental Singapore, Monet Suite, 5 Raffles Avenue, Marina Square, Singapore *****7546 words
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Page 19 Advertisements
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Advertisement109 1998-05-14 19 Looking For Property HI M A-mHB M Ml IJI Choose The Colourful Alternative Complete training Low start-up costs Simple Concept Ranked #1 franchise for submarine sandwiches* Call today for a free brochure! 383-2551 www.subway.com •Enlreprenaf Magazine 1997 325 Bic Drive Milford, CT ***** U.S A Singapore Agent: Tel: 383-2551 Fax:109 words
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Advertisement22 1998-05-14 20 I > f It's a yoy using The Straits Times I ■lPL| Classified to find the ideal escapade for my family. Smm CATA22 words
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Advertisement49 1998-05-14 22 I'd like to place an flB A buyer I love this car V advertisement to M I the very I that I found sell my car... next day. 7 I through I f~iiV Buvinfi or selling through "whaTa The Straits Times Classified is child's Play. 1 CallC.A.T.S.at 1800-737-1166. M49 words
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Page 23 Advertisements
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Advertisement13 1998-05-14 23 Make The Straits Times Classified your first pit stop when 0 r > C^^13 words
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Page 24 Advertisements
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Advertisement49 1998-05-14 24 Londahes longines' Sole Distributor: SMH SEA. (S) PTE LTD I 1 438 A Alexandra Road *05-03/04 Alexandra Technopark &JBI I J I Singapore *****7 Tel: *****88 Fax: *****96 BUUIV/C V I L(|jr L'ELEGANCE DU TEMPS DEPUIS 1832 (Cients) Ref No L ***** 756 Price $1,395/ 9P Pt w- ¥149 words
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Page 25 Advertisements
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Advertisement150 1998-05-14 25 •Amhomge Frnm the West Coast INA all the way Eatf. the hesl way Ki gil when* you a* js*ng is to fly M with the aiHinc who can get you closest to iamrnitrr..'' No Other Airline I w Where you want to be And thats Ncwthwest |l| A A voflir150 words
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Page 26 Advertisements
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Advertisement786 1998-05-14 26 BUSINESS NotiC(\S T<» advertise call toll-free IXOO-741 IXX3 I, Tay Seong Chiew (I/C *****2-4 E) hereby state that my recent misunderstanding with Coteam Petroleum Pte Ltd has been satisfactorily resolved. THE COMPANIES ACT CHAPTER 50" SECTION 290<2Xb) MpTICE Of RESOLUTION TENCOR INSTRUMENTS (S) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At786 words
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Advertisement72 1998-05-14 26 Notice I, Andy Chong Yew Kee, l/C no.: *****144Z is no longer an employee of Goldin Enterprise Pte. Ltd. with effect from (1 p.m.) Bth May 1998. I am therefore no longer responsible or liable for any business conducted in the name of the company. Andy Chong Yew Kee FOUND72 words
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Advertisement20 1998-05-14 26 THE STRAITS TIMES CLASSIFIED As&l YOUR GUIDE TO MORE PRODUCTS SERVICES ]cSj 1 Run a special feature on your Anniversary20 words
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SHIPPING TIMES
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Article319 1998-05-14 27 Bridge News, Reuters THE short term outlook remained gloomy with the market for Panamax tonnage slow again, dashing expectations of at least a return to some activity after a two-week period dogged by holidays. Biffex eased again with selling interest immediately showing at the previous night's closing levels,Bridge News,; Reuters - 319 words
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Article294 1998-05-14 27 IKS 000 fc»» w CWT Distribution 0.52 -0.21 161 Oman Hup 0.46 -0.02 51 Cesco Investment0.71 -0.04 13 FretqM Links 0.28 -0.005 46 GB Moioinq! 0.30 unch 5 Hai Sun Hup 0.52 -0.015 123 Hitachi Zosen 0.675 -0.025 373 IMC Holdlnqs HK 5.60 Jaya Hoidings 0.435 -0.02 S294 words
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Article, Illustration608 1998-05-14 27 Marcus Hand - Attack on Lithuanian vessel comes at a time of renewed fear of piracy in region By. Marcus Hand [SINGAPORE] Pirates struck again in the region at the weekend, attacking a Lithuanian cargo vessel off the Thai resort island of Phuket, leaving oneFILE PHOTO - 608 words
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259 1998-05-14 27 Reuters [LONDON] Shipping analysts Clarkson Research Studies said yesterday that oil tanker markets are finely balanced, although high current freight rates risk being undermined by new tanker ordering and falling demand. London-based Clarkson said in its newly-published half-yearly review of shipping markets thatReuters - 259 words
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Article, Illustration601 1998-05-14 27 David Taylor - SHIPSHAPE By: David Taylor HARDWARE and software are the terms used by Hongkong's new Director of Marine to describe his various plans for the port of Hongkong. Tsui Shung-yiu holds a post-graduate diploma in business information technology and a Masters in601 words
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391 1998-05-14 27 David Taylor - Not every oil spill is caused by oil tanker: Intertanko official Froi David Taylor in Hongkong THE public's image of tankers needs to be changed as well as the maritime industry's view that a ship is financially responsible for an oil spill,391 words
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328 1998-05-14 27 AFP [ABU DHABI] The largest shipping firm in Saudi Arabia has reported profits in the first quarter of 1998 and said it expects strong performance through the year, keeping up a turnaround. The National Shipping Co of Saudi ArabiaAFP - 328 words
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Article72 1998-05-14 27 Bernama [CHUKAI, Malaysia] Star Cruises, Asia's largest holiday cruise operator, has launched a service between Kemaman and Singapore. The maiden voyage by cruise ship Star Aquarius, with 1,300 special passengers from Singapore, Malaysia, Thailand, Australia, Indonesia and Brunei, arrived at the Kemaman Port on Sunday. Terengganu DeputyBernama - 72 words
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Article, Illustration924 1998-05-14 28 HONGKONG'S NEW AIRPORT Problems with construction of a high-speed railway between Lantau airport and central HK delay opening to July NYT April was to be the month that Hongkong's new international airport opened, symbolising the former British colony's role as a gateway to China and puttingNYT - 924 words
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261 1998-05-14 28 PAGE Djak Lloyd 9 A C L 9 Dongnama 3 ANL 3 ECL 5 tt Accord 8 E,h,0 an 6 Appenship 5 Eurotians 6 It Astro 3 tver reefl 6 Austral 9 Foon Sun 9 BSA 7 GUl Batamindo 7 J*""*"" J o.261 words
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Article24856 1998-05-14 36 THEBUSINESSTIMES thebusinesstimes EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 17/05 04/06 Hyundai MM HV MAJESTY 302W 65-*****44 A 20/05 13/06 Triestino EVER GOLDEN 0213 061W 65-*****35 T~ ABin iAKI <AR It24,856 words
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SHIPS IN PORT
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Article684 1998-05-14 41 Vessel Voy No Berth Arrival Departure Jwoa* Pert Arhtis Ventu ¥9804 J07 alonqside 14 05/2300 Bt Mustika *****8 JOI alonqside 14.05/0900 Bt Pi) H0795 *****8 JOI alonqside M.05/0330 Bt S Makassa *****8 JOI alonqside 14.05/0630 Bt Se)4ti *****8 JOI alonqside M.05/0600 Bt Suriati 4 *****8 JOI alongside 14.05/0130684 words
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Article1856 1998-05-14 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklnq/hlance Rstls SMp Voy No Etb/Btr Pwtod Fro* To From D.» 0100 15/1*00 1* 13/1500 11/1*54 13/HOO n 13/1500 13/1*54 u/woo u 13/1700 M/0*54 M/0400 21 13/1700 M/0451 M/0400 3 14/0700 M/1154 M/MOO 4 14/1200 M/M54 14/1700 (uvioo.j 033 it/noo1,856 words
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Article192 1998-05-14 41 May 18 Canada: Victoria Day. May 21 Austria: Ascention Day. Belgium: Ascention Day. Denmark: Ascention Day. Finland: Ascention Day. France: Ascention Day. Germany: Ascention Day. Indonesia: Ascention Day. Luxembourg: Ascention Day. Netherlands: Ascention Day. Norway: Ascention Day. Sweden: Ascention Day. Switzerland: Ascention Day. May 29 Hong Kong. Tuen192 words
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Article947 1998-05-14 41 THIS report, compiled by Cockett Marine Oil Lid. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on average-sued stem Market movements are indicated The Cockett Bunker Price Index change and the individual947 words
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Article452 1998-05-14 41 180 Mai 992.2 0.9 W.O O n 123 0.06 «r» O-ftT ».ter te,M» Asn AM.W S*l»e«t TtoT™ 986 4 0.2 *4 O.U 30 0.03 V2 380 Mm 992.9 2.0 19.6 0.16 72 0.08 M/M*i m/M m/M No tbott C35 1 ?e 9 <L ISO/Cmmc Limrts Soet452 words
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AIR & LAND TRANSPORT NEWS
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408 1998-05-14 42 Half of 96 aircraft inspected show wires with varying degrees of wear Reuters. Bloomberg [WASHINGTON] Inspections of older Boeing Co 737 aircraft revealed four more cases of fuel tank wires that had lost insulation, the Federal Aviation Administration said. In anReuters.; Bloomberg - 408 words
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370 1998-05-14 42 Felix Chan - Carrier will acquire only 3 Boeing 7475, one 8767-300 By Felix Chan [SINGAPORE] Australia's Qantas Airways has decided against purchasing the Airbus A 340 or the Boeing 777, opting instead to acquire three Boeing 747s and a smaller 767-300, underscoring its cautious approach to capacity370 words
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Article, Illustration281 1998-05-14 42 AFP [TOKYO] At least 25 people were slightly injured when passengers were evacuated from a United Airlines aircraft on the runway at Tokyo's Narita airport on Tuesday, officials and reports said. The 25 were hurt as they left the Boeing 747-400 on emergencyAFP; REUTERS - 281 words
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331 1998-05-14 42 Reuters {LONDON] British airports operator BAA pic said on Tuesday its new Heathrow Express railway from the airport to central London will start running on June 23, following an official opening by Prime Minister Tony Blair. BAA is promising to cut journeyReuters - 331 words
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93 1998-05-14 42 Reuters [LONDON) British airports group BAA pic is close to winning a contract to operate the retailing business at Newark airport in the United States, the Financial Times said. The newspaper said the Port Authority of New York and New Jersey was in final negotiationsReuters - 93 words
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Article, Illustration55 1998-05-14 42 [SAO JOSE DOS CAMPOS, Brazil) Workers of Brazilian aircraft maker Embraer attend the unveiling ceremony of its new ERJ-135 jet, in Sao Jose dos Campos, north of Sao Paulo. Embraer invested US$lOO million (SSI62 million) in developing the new ERJ-135 37-seat aircraft, which is designed for theREUTERS - 55 words
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562 1998-05-14 42 Pndong airport to open in 1999; present Hongqiao airport overcrowded Reuters [BEIJING] Shanghai's second international airport Shanghai Pudong International Airport is set for strong demand when it opens at the end of 1999, said airport operator Shanghai Pudong International Airport Corporation. "Many foreign airlinesReuters - 562 words
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299 1998-05-14 42 Financial Times [AMSTERDAM] Just when Amsterdam's Schiphol airport thought it had found a growth path which might placate environmentalists, it has come under attack from another direction. Ifalpa, the international airline pilots' association, last week put it on a safety blacklist. TheFinancial Times - 299 words
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Article1932 1998-05-14 42 C|TY FlIGHT ETA FLIGHT [TO OFO6 1845 S026 2350 AfelaM* BA7381 1930 BA7382 2055 2359 Of81 1930 0F82 2055 Fukuoka S0989 1710 S0990 0105 1 ***** 2220 GMafZfcMPtC S0803 1905 C2352 0835 Amsterdam M.843 0450 M.846 0040 C2353 2045 $0804 1020 KL837 1455 KL838 2300 NaHmPK1,932 words
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Advertisement17 1998-05-14 27 New HK airport's opening hits roadblocks Problems with construction of a high-speed railway delay opening. Page 217 words
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Advertisement171 1998-05-14 27 More cases of damaged wiring found in B737jets Half of 96 aircraft inspected show wires with varying degrees of wear. Back Page A m ,_neuus """travels fast IN SINCiAPORL. when \ou want to roach out to a select target audience in the transport and logistics industry. only one daily oilers171 words
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Advertisement878 1998-05-14 28 i ><—pawr-1 I NORTH AMERICA I OULf/INDIAN SUB-COMTHiENT SUPER SHUTTLE EXPRESS i I [OULF KARACHI EXPRESS (OKX) VKSa VOTAGf IGI SIN VISSCL VOY JEA DMN lAN KM CM KG SM OOQMTAM ,SWSI7 17/05 NYK VIRGO 071 21/04 01/0$ 01/0$ 00/0$ 12/0$ 14/0$ 17/0$ OOa CALIFORNIA 27W519 13/0$ 31/0$ VlUi M878 words
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Advertisement696 1998-05-14 28 Lines 4 services represented S©sB Ciy Memtsers of the Registry of uidrfl Smgapore Freight Forwarders SwSj Accredited Shipping Agents VMSpr Association Singapore Shipping Associatior sa ilUj .c& 1 > KV so <y Just talk to us... Iris Lim 740-2044 .Jarrod Leong 740-2089 EXPORT 3 x Japan -2 x Hongkong -1696 words
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Advertisement1024 1998-05-14 29 y J SAX SERVICE (DIRECT) 1 IVESSEL VOY SJN ETA lAX OAK DAI HOU |Oi Jii J?L iniURQUORI 0161 06/05 21/05 25/ OS 25/05 26/05 26/05 26/05 26/05 27/05 2 ahsmi o6a~~ 13/05 m/m 01/06 01/06 02/06 02/06— 02. 06 m/<* gj/,oj —.«/<» API SARDONYX 0031 20/05 04/06 0»/06 08/061,024 words
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Advertisement1789 1998-05-14 29 HANJIN SHIPPING HANJIN SHIPPING |S) PTI LTD hup l*¥« KKXIHC 32*0235 237 SALES *****54 231 WKUMfKI *****71 274 OPEIATIOHS 32*0241 252 MAI* UK *****55 FAX *****40 CI NO **********041 TO NW USA CANADA USA CANADA* "rotvst/vor sm uwhala/voy iu w mi |to lo< w 1 w ptt Ma» pml owi1,789 words
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Advertisement428 1998-05-14 29 fully contaln K II I s k d dedicated services ■TTTTTTT.HrgJ lIHH'HyiHH'MJ'LI W\W pMJ.I SHSM w TT us* PUS ««a ,0< SIN pkg vessel VOL JUL _4L_ *55 !!2L J!L J«_ J?L JUL J*L JiL JiL _™L mure ulsaw 807s io/os 12/05 hyuwdai sphiwter oots oj/oi 10/05 KMTt KEELUNG 002S428 words
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Advertisement1526 1998-05-14 30 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MKDI'fEKRANEAJVCANAPA I VESSEL VOY LEH HTM HAM BRV FLX VESSEL VOY SIN J€D CIT SPE FOS VIC MTU HANJIN LONG (EACH WQB23 17 05 07 06 06 06 07 06 09 06 CMOYANG VISION WMB23 14 05 »05 31 68 021» 04 06 061,526 words
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Advertisement1338 1998-05-14 30 MY ANG Internet Web Site http: //www.yml com.tw /9,* A tik XHi -14- nr f* «l tm li.lJl.mirnffElEkliLllLllifliM'JJjlillJj'lHil.'NUlU.Ml.mimJiUHjiVJl*!! MNNM.FIXEODAY-tuesoay VESSEL VOY LEH FXT HAM ANR HFA SIN GIBRALTAR BRIDGE ABI3E SLO SLD SLD SLD SLO 19/05 MING GLORY ABI4E SLD SLD SLD SID SLD 264)5 MING MOON ABISE SLO SLD1,338 words
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Advertisement465 1998-05-14 30 LINE S& J* TIL: *****56 FAX: ***** 1 2 MUARA LABUAN VESSEL VOY no ETA VESSEL VOT fTD ETA SPORE MUARA SPORE LIN APRIL GIORY VI2I/98 14/05 19/05 APR*. GiORY VI2E/9I 16/05 20/05 J. PROSPER VI3E/W 20/05 23/05 J. PROSPER VI3E/W 20/05 24/05 APR It GIORY VI3I/9S 24/05 29/05 APRR465 words
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Advertisement1601 1998-05-14 31 VESSEL VOY SIN POU PKG PEN BLW SUR DUB BA BIK IRAN VAHDAT PJL 1284 21/05 30/05 IRAN TAKHTI PJL 1286 28/05 08/06 07/06 IRAN TEYFOURI PJL 1287 05/06 14/06 15/06 IRAN MOBIN PJL 1293 20/06 29/06 30/06 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLANO POINTS IN IRAN CIS COUNTRIES I.E. AZARBAIJAN.1,601 words
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Advertisement1887 1998-05-14 31 SAILING I TO SHANGHAI XINGAN6 I I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL: 226 1900 FAX: *****08 OUTWARD (S/l) *****02 JOHORE OFFICE; COSTAR SHIPPING PTE LTD •17-08 DISHDG SAIES/BKGS *****41/43 INWARD DEPT (0/0) *****85 COSTAR AGENCIES (M) SDH BHD CR NO: **********010 TOWER TWO (*****9) CONVENTIONAL *****50/55 T/SHPMT DEPT1,887 words
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Advertisement557 1998-05-14 31 I'j—-, EASTERN CAR UNER, LTD.'^X'r IL EQ (SINGAPORE) PTC LTD SPECIALIZE IN RORO HEAVY LIFT OPTO 122 TONS] ECL (SINGAPORE) PTE LTD LOADING FOR BANGKOK/HONG KONG CHITTAGONG MV "SiKI KOCHI" V.l 26 MV WHITE FLORES" V.7 ETA SIN 15/05/98 ETA BKK 18/05/98 ETA SIN 18/05/98 ETA CTG 24/05/98 ETA HKG557 words
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Advertisement1344 1998-05-14 32 EUROPEyUKZSCANOINAVI/VFINUNOfIUSSI* rsGTI RDM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E RESULT RW 019 16/ OS 05/06 10/06 0606 08*6 09/06 10/06 E GROUP RE-058 20/04 22/04 21/04 23/04 24/04 11/05 19/05 E DEVOTE RW 001 23/05 12/06 17/06 13/06 15/06 16/06 17/06 E GLAMOUR1,344 words
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Advertisement1045 1998-05-14 32 A«MAfi-NELS S'POftE M'SIA I Carrier: MN CONTR LINES, INC IYv\ I C*NO: **********0 C SIBU: (064) *****9 MANILA: (632) *****24 w PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MON: (61) *****3 KUCHING (082) *****1-3 MANILA GENOA/BARCELONA/IE HARvT MV "PITA BHUM" V.95E1,045 words
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Advertisement478 1998-05-14 32 /ZTZ NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VOT I SIN I rm I MJir I CPT I l/UY~ NANTAI QUEEN VO27S 16/ OS 2S/0S 79/05 02/0* 05/06 NANTAI DUGOW VOO6S 24/05 02/06 06/06 11/06 NANTAI PWNCE VO22S 31/05 14/06 11/06 NANTAI VENUS VO27S 08/06 17/06 21/06478 words
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Advertisement408 1998-05-14 33 BSA x 1 Mill H f M|l IJ MA MYANMA fSBBk FIVE STAR LINE (Myanmar National Line) W Loading for Yangon (Rangoon) VESSEL vor SIM PKG KM PGU MERGUI 143W SID (AGO 102W IS/05 MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES HUI: m 02-03-*****00 PKL IH 02-03-*****01 PEN; TEL 02-04-*****02 PCD: TEI408 words
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Advertisement1226 1998-05-14 33 HYUNDAI MERCHANT MARINE CO. LTD. [vcsa yoylsoul ia«|ro|*Bn|HMi|BWf| I I S4BW 14/05 01/06 06/06 ***** 04/06 API AAMANDM 301E 20/04 25/04 22/04 23/04 4/05 Gow S/M 05/06 06/04 31/05 02/04 NOICYPRtt 3101 22/04 29/04 25/04 28/04 4/05 004 W 18/05 Q3/04 04/04 04/06 09/06 NOl lOUTE 302E 01/05 02/05 26/041,226 words
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Advertisement920 1998-05-14 33 JIB nowegon ipecokied oufocorriers MT WML/H£S TO NORTH AND LATIN AMERICA H VYUFT VESSEL VOY RAMP HEIGHT SIN LAX CRI MIA SAV BAL I ORF NYC NtW MOB UMPIRE FBlO 400 Tom OS IS7OS" 10/06 19/06 22/06 24/06 26/06 27/06 28/06 03/07 06/07 TEXAS F#ll 400 Tom 6.3 M 30/0S920 words
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Advertisement706 1998-05-14 34 BAHOKOK/LAEM CHABANO JAKAWTA/fAMJAWO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN XETMA BHUM 232N8 ~ln Pt ~17/05 MATHU BHUM 364S In Pt 18/05 A NAN BHUM 105N 16/05 20/05 MATHU BHUM ***** In Pt 18/05 CHANA BHUM 18N 17/05 20/05 20/05 GURU BHUM* 78S 16/05 19/05 ACX JADE706 words
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Advertisement434 1998-05-14 34 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD SINGAPORE 0206 TEL: *****68 FAX: *****64 TLX: R*****6 SINMER OR NO: **********0W Receiving Cargo at PTI I Blntulu I Mimra YISSEL VOY SIN ITU VOY HN MUA I kbit V9806C lA-17/M 22/05 V ***** 1711/05 23/05 I Sera V9BIOE 22 23/05 29/05434 words
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Advertisement593 1998-05-14 34 A /ICCORD A SHIPPING PTE LTD Til *****15 (40 lines) FAX *****30 KHTKULMG (03) U7lOOl K M CMNECT ACCISS TU *****55 (EXPORT BOOKING) HSIK GUOAHG (01) SSI IS/7 *****34 (EXPORT DOC), *****39 (IMPORT) PIHANG (04) *****41 URL:HTTP://WWW. ACCORD.COM. SG JAKARTA (71) t4O 0170 PORT n> SIN PORT IU SIM PORT593 words
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Advertisement189 1998-05-14 34 #09-00 NEHSONS BUILDING 24 PECK SEAH STREET SINGAPORE *****4 CR NO: **********0W BOOKING/ENQUIRIES TEL: 323 1133 FAX: 221 4053 TLX: R*****0 FSSHIP VESSEL VOY SIN ETA SIN ETD DESTINATION SELAMAT BERJAYA 06/98 15/05 17/05 PLAiU/PALEMBANG SUN RAY 08/98 1 5/05 1 7/05 PONTIANAKAINTETE SUN FLORA 12/98 INPORT 15/05 BENGKULU/PADANG SUN189 words
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Advertisement425 1998-05-14 35 INDONEsiAN/mONA^S^! TO EUROPE H EXPRESS SEMI-COWTAJNERISED SERVICE ~vsi VOY IrraßE I A OAMzRDAM |H SURG BREMEN ANTWERP A VESSEL 45W8 22/06 27/06 OMIT 2/7 TO AUSTRALIA H FULL CONTAINER SERVICE VS. VOY ERE lit SYD MEL HM MC FK API IVORY VO2S 1406 1&06 27 06 2405 0106 0406 0706425 words
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Advertisement943 1998-05-14 35 ADVANCE CONTAINER LINES (PTE) LTD A 140 Cecil Street, #12-00, PIL Building, Singapore *****0 m, I TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CR no **********0E OPERATIONS: *****60 *****05 BANGKOK JAKABTA (Watkly S Slgi PAT/2 Slgt LCH/1 Slg IMT) (S VOY I SM KKK VKSa VOY /Q5 SMABJAVA(UTCI) 979943 words
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Advertisement931 1998-05-14 35 KggSlgßM VFSSP' S VOY SIN JED I MLA LEH HAM THP RTM ZEE VILLE DE GEMINA H2SW 21/06 30gB QW 08/06 11/06 12/06 13/06 14/06 VmED-OWON Y2SW 26/05 04/06 06/06 14/06 16/06 17/06 18/06 18/06 VILLE DE MttAOSA V26W 03/06 12/06 16/06 21/06 23/06 24/06 24/06 25/06 VLLE DE TANYA931 words
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Advertisement55 1998-05-14 38 k\ T M Dial 740-6000 on a€rnana —(Retrieve more schedules!) Sl£) Press "1" .JCV Select the port and key in SUbf the four digit code —eg: To New York (NYC) 2275 s i£> Key in your fax number your phone number Another Innovative service offered by The document Will be55 words
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Page 41 Miscellaneous
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Miscellaneous118 1998-05-14 41 |ReglonoMftfea ther (jj%/ f LEGEND R Thunderstorm Temperature c X\ Y Shower Weather Wind direction with speed m knots Rom V^' Cloudy Sky Wov h ore indicated by arrows which Hy with the wind W On* circle represents calm or kght and variable winds 1_ One holt Heche represents 5118 words
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