The Business Times, 28 February 2002
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2002-02-28
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The Business Times
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Title Section23 2002-02-28 1 THE BUSINESS TIMES MITA (P) 107/03/8001 A** S IrN G A P O R E t http: business-times.asial com.sg THURSDAY. FEBRUARY 28, 200223 words
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Article31 2002-02-28 1 UUttJr (+19.97) OvnSfJwS ffMRm ll A* Q +lii NIKKEI 81 ——.+S7C4I HANG SENG SETWMX +W? mamuoohp .\mT9~+t*\ SEOUL ZlrStJS SHENZHEN B—JM* +Ut jam allow mm—-*lm BOMBAY IND—i,7«Mt -7J8 a-*31 words
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Article57 2002-02-28 1 m m mmrrvw—-— mk t*M»pr«-.M*—um Eeao<t8i/»/E).tm—\m m tm—u» YHf IIU TIM rm am—urn RXS 7.?* 4*1 BABT OM ft* ROHAI 10.18! UU SINGAPORE* Uf KUALA LUMPUR 14* HONGKONG I Oft JAKARTA VjN TAIPEI 171ft TOKYO 117ft 8EOUL lift PIANKWR Sift LOHttW 4J9 NEW YORK 4.7ft TORONTO 17* ZURICH 1.62557 words
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Article853 2002-02-28 1 Economy coming out of recession; unique factors may temper recovery: Greenspan Reuters, Big. AFX [WASHINGTON] Federal Reserve chairman Alan Greenspan expressed confidence yesterday that the US economy was emerging from recession but cautioned the speed of recovery was likely to be moderated byReuters,; Big.; AFX - 853 words
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Article, Illustration853 2002-02-28 1 Quak Hiang Whai - HOGELOQKfIBW Uncertainty still a key issue, says Qnak BUng What Quak Hiang Whai ANALYSTS who have been concerned about the leadership issue at OCBC are unlikely to have walked out ol the banking group's briefing yesterday feeling any better. Other than the fact thatCHRIS LOH - 853 words
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537 2002-02-28 1 Tang Weng Fai - Move a boon to firms facing hi# start-np costs By Tang Weng Fai [SINGAPORE] Sing Tel is proposing a significant change to the corporate tax laws that would make it easier for Singapore businesses to cope with the high537 words
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Advertisement88 2002-02-28 1 Top Stoftes Japan unveils long-awaited package of emergency measures deeigned to avert financial crisis. MmxtPrngm OUE net profit soars to $690m on sals of OUB shares* Jardfne Matheson posts US$42m loss on accounting changes. Pg 4 Asia Global Crossing trying to raise funds. Pg 5 1 Forbes: Asian hotels expand88 words
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Advertisement15 2002-02-28 1 OCBCearnißfi slip 5.6% to $785 m on higher provisions, Pg 4 ruled out, Pg 415 words
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Advertisement42 2002-02-28 1 FuHtemt of Greenspan's speech, Pg 10 US mm home sales down 14.8%, Pg 14 BVLC A R I v m iki --urn*' ft WW» "V <v r* V li r i n <i ii </ < >'/ N > > 1 i M ••'lt'! i i I42 words
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Advertisement6 2002-02-28 1 Rerri&w of Ir\ftxomm2l performance, Pg 86 words
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ON THE grapevine
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Article123 2002-02-28 2 THE integration of OCBC Bank and the former Keppel Tat Lee Bank is clearly still very much in the minds of the newly-merged outfit's top guns. At yesterday's news conference to announce the first post-merger results, OCBC chiefs were quick to set the tone. Before123 words
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Article144 2002-02-28 2 LEADERSHIP succession was also very much the focus of the media yesterday, with OCBC Bank's vice-chairman and chief executive Alex Au having called it quits suddenly some five months ago. Veteran OCBC banker Wong Nang Jang, who was recalled as executive director to help out144 words
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155 2002-02-28 2 TALK about kiosu. Some issuers go all the way to make sure investors of every persuasion are tapped In its latest fundraising exercise, US conglomerate General Motors says it will raise as much as $3 billion by selling convertible bonds with terms that attract155 words
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Article103 2002-02-28 2 Hat trick for Allen Gledhill ALLEN Gledhill, the nation's largest law firm with more than 200 lawyers, has scored a hat trick by being named Singapore Law Firm of the Year 2001 by International Financial Law Review. This is the third consecutive year that A&G has won the award. It103 words
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842 2002-02-28 2 Anthony Rowley - Analysts sbun package as ploy to lift stocks in run-up to fiscal year-end From. Anthony Rowley in Tokyo THE Japanese government last night unveiled its longawaited package of emergency measures designed to avert a deflationary spiral in Japan, to prevent a systemic financial842 words
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Article, Illustration436 2002-02-28 2 Siow Li Sen - They'll remain legal tender even though they're hardly nsed By Siow Li Sen [SINGAPORE] Come April 1, one-cent coins will no longer be issued and Nam Chong-Komo of 0ne.99 Shop won't be sorry. The Board of Commissioners of Currency (BCC) saidFILE PHOTO - 436 words
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Article179 2002-02-28 2 The circular on enhanced disclosure of bonus revisions cited in yesterday's article "Insurance industry braces for bonus cut" was issued by the Life Insurance Association not the Monetary Authority of Singapore. Our report on Apollo Enterprises Ltd's results on Tuesday contained errors. The $1 million provision was179 words
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395 2002-02-28 2 Audrey Tan - Froml Audrey Tan in Hong Kong HONG Kong may set a higher price tag on permanent residency for foreigners than Singapore, as residency in Hong Kong is more valuable, Secretary for Security Regina Ip was reported as saying on Tuesday. Asked by395 words
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Advertisement558 2002-02-28 2 Goods Services Tax Workshops The GST Division at Ernst ft Young haa been succesafolly naming the GST General and Specialised Workshops for the past few yean. Baaed on feedback from part participants, we have enhanced our workshops: GiMraJ Workshop Spociiltiod WorKthop Practical Ccmplmdbae la a Staplatoi KiilwNpw<»Hipinllw Some of you558 words
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Advertisement5 2002-02-28 2 EdhoriakJaponina pitiful state, Pg 105 words
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Advertisement162 2002-02-28 3 IpTACHf ASPLUS. i|MßE§|§M JUST HARDWARE ||AND|jso||§rA RE. RAIN WAR E. O Why look at just Application Service Providers (ASPs) when you have a company that offers you a whole lot more? Hitachi, a world-renowned provider of quality solutions and the name that has always inspired the next now brings you162 words
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SINGAPORE companies
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550 2002-02-28 4 Siow Li Sen - Baak will retrench 700 staff la mat few men tks, town firm expected 1,060 Reports by Siow Li Sen OCBC Bank yesterday reported a 5.6 per cent fell in net profit to $785 million for 2001, attributing the slide to higher550 words
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Article, Illustration383 2002-02-28 4 OCBC'S executive director Wong Nang Jang yesterday ruled out himself and his colleagues in the corporate office for the group's chief executive post But he did not rule out a woman running the bank. Mr Wong an old hand who had been with theCHRIS LOH - 383 words
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349 2002-02-28 4 Kalpana Rashiwala - Bvt bitten Hm slips after transfer te capital reserves By Kalpana Rashiwala OVERSEAS Union Enterprise's sale of its Overseas Union Bank stake lifted its net profit handsomely last year to $590 million, from $42 million in 2000. The property and349 words
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Article307 2002-02-28 4 Serena Ng - By Serena Ng RECENTLY-MERGED Kim Eng Ong Asia Holdings yesterday requested a suspension in the trading of its shares from today pending an announcement fuelling speculation in the market that Taiwan's biggest brokerage may make a voluntary offer for it Taiwan's Yuanta group307 words
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272 2002-02-28 4 Adeline Chia - By, Adeline Chia OVJA mninDu/\Au-ii»icu food and beverage company Food Empire Holdings (FEH) announced a robust set of results for the year ended Dec 31. Turnover swelled 42.4 per cent to 184 million, and net profit jumped 133 per cent to272 words
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COMPANY Briefs
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Article14 2002-02-28 4 profit Airiest year slipped 19 Tin —ffirmrr If*rrf rmttirfitt rajtliiTip;* < '*-^i^lrt»*er»ill|#e6too.Tocßaisfl»mMp^^14 words
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Article20 2002-02-28 4 InimiiiiiiCoailWiij lu On Mil wmk ftrffitort^k 4.' ,-JtvjL''c^r 'jy/ K'M-i VAi.i _J' J if S' x20 words
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Article40 2002-02-28 4 :V I IMMgQn^«*rofltJbrt!»tUtitMlmmm mf Novj|MliHM*per cent to $686,000desptteaMper m cem risefai turnover tofTO million, garntngs per share slipped to 0.15 centsfromo.29csats, while net fungible —efspershsreioeetolOJcwitsfromMJi f cents a yser earlier. The group expects to stay profitable iaFYO*.40 words
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Article65 2002-02-28 4 wahh; uancc rTOfmi ■qoyn i (puan»p»TH« its earnings for the six months to end-December SOOl tommillioo on tf»e back afe»per cent rise to turnover to IIBJ7 million. Its gross rsntal income fromproperty investments grew from HM million to >2 OB million It egpects better ftill-year earnings as65 words
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Article66 2002-02-28 4 KIAN Ann Engineering reported a 86 per cent dive in interim earnings tojust $388*000, compared to $2.4 million for the same perkxi in FY2OOO. Turnover for the six months to end-December 1801JW111 par cant to $67.1 million. The company attributed the poor performance to economic66 words
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Article, Illustration244 2002-02-28 4 Ven Sreenivasan - Byy Ven Sreenivasan A STRATEGY of premium branding, selective acquisition of downstream businesses and careful expansion of distribution channels continues to pay off for listed natural health products specialist Eu Yan Sang The main board-listed company posted a 32 per cent rise inFILE PHOTO - 244 words
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Article405 2002-02-28 4 Genevieve Cua - I*4 Genevieve Cua THE long-awaited Financial Advisers Act (FAA) is expected to become operational in the second quarter, with the release of the Financial Adviser's (FA) regulations, said Monetary Authority of Singapore executive director (insurance) Hauw Soo Hoon yesterday. While no details were disclosed405 words
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508 2002-02-28 4 Audrey Tan - From Audrey Tan in Hong Kong CHANGES in accounting standards and a drop in the value of its properties led Jardine Matheson to report a net loss of US$42 million last year, compared to profits of US$l.4 billion in 2000. But the508 words
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899 2002-02-28 5 HAMILTON, Bermuda Ties between S'pore investors and 2 Global Crossing directors deepened after Jan 28: NYT Bloomberg, NYT ASIA Global Crossing Ltd, 58 per cent owned by bankrupt communications network operator Global Crossing Ltd, said it is trying to raise money toBloomberg,; NYT - 899 words
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116 2002-02-28 5 Reuters AYALA International Holdings Ltd will be delisted should a proposed takeover offer for the Singaporelisted investment company suceed, HSBC said yesterday. The voluntary conditional cash offer from Routledge Investments Pte Ltd, a unit of Ayala International Pte Ltd, was at 551.06 per share,Reuters - 116 words
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Article, Illustration275 2002-02-28 5 CITIBANK yesterday relaunched its personal banking website with a host of new features including an interactive financial planning service but said branch distribution will continue to be a major channel. The revamped citibank.com.sg site has been launched initially in Singapore, but a regional roll-out is in theFILE PHOTO - 275 words
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Advertisement133 2002-02-28 5 Jfjj JJB 5 KOM II For over 20 years, our qualified professionals have been I assisting clients to venture offshore with confidence by I providing consultancy services on offshore structures, I shelf companies and incorporations in ALL jurisdictions I including I British Virgin Islands Mauritius T Cayman Islands Hongkong Bahamas133 words
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Advertisement105 2002-02-28 5 tir BPPJPJIPBMPRII^|WP^®nSP^ i■^"'••^^^ S*^V4B^-" s^^^j^^jo6>-,,,—11,,81,1,,1— 11,,<i,1-1,,, v> f I Directed by Franco Dragone 'igjjfl I I A fl| flfe Opens Tonight! I ...incredible athleticism and pure showmanship that rivals anything anywhere." I -Los Angeles Times I Don't miss it Book at SISTIC today!) I Playing under the Grand Chapiteau Corner105 words
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SINGAPORE markets
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Article, Illustration302 2002-02-28 6 OTHER SINGAPORE HMGES Fab 27 VALUE CLOSE WiiW -166.00 +20.00 WCm -*****.00 +96.00 WtNfW -*****.00 -17.00 iiOlpiM 447.55 +4.82 jftlpBwawl 149.57 4-3.07 ntjMmf* 1480.40 +27.42 ITpMlirin 457.03 +5.06 213.19 +2.85 IPC020C 63,284,000 •Gentmgmt 19.996.000 •StarCruises 10c 18,271.000 Beyonics 10c 12.967.000 V*aylnd5c 11,265,000 Hyflu*5c 10.338.000 NewWave 5c 10,000.000 MFS Tech 10c302 words
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Article, Illustration257 2002-02-28 6 Ven Sreenivasan - HOT STOCK/ WARRANT By Ven Sreenivasan BECAUSE of the obsession with blue chips on the one hand, and speculative penny stocks on the other, many midcaps with good businesses, strong flnancials and attractive valuations tend to be under-recognised by the market One of these257 words
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Article, Illustration742 2002-02-28 6 r. sivanithy - ~-li comment STOCKS r. sivanithy SURGING prices are possibly the single biggest influence on stockmarket psychology. Nothing forces sceptics to abandon their doubts as quickly as a strong rally. And by the same token, a market that keeps sliding will eventually drive even the742 words
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Article, Illustration537 2002-02-28 6 larry wee - j comment CURRENCIES Asian units held down by Japanese yen's leases despite sharp stockmarket rebeond larry wee THE US dollar continued to dominate its counterparts in Asian currency trading, despite Wall Street's lacklustre performance overnight after weak-er-than-expected US consumer confidence numbers and a sharpSource: Reuters - 537 words
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Article2464 2002-02-28 6 UNIT TRUSTS FUNDS C/UBond Spore A/S UW C/OBond S'pore B/S 122* Ot> Money Sing Dollar Oas B 1037* AM MN AmI Mfl (S'para) Cm Pan-Europe Equrty fund 1.0* Scar Europe Eqty* 0.7* Ottalect tea Tilt Balanced 1.27/ Star Europe Bd 0.9S* OtlSelect Ma TBI Growth UV StarEurapeM 0J5» OtKatactteantEnhGnti 1.1*2,464 words
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Advertisement155 2002-02-28 7 The unbeatable combination that gives real savings. BOfe, f| starwab Mobia our competton" No one else can make this claim but Star Hub with no fine print and no wMmmrnmcm yes eoJErfmr hidden charges. What you get is more savings and best value for your [lfeiy> rnniji i no calls.155 words
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SINGAPORE news
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208 2002-02-28 8 A MULTI-AGENCY task force comprising the Economic Development Board, Productivity and Standards Board and JTC Corporation has been set up to spearhead the growth of Singapore's F&B industry, with a major thrust involving the vertical clustering of firms into208 words
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Article, Illustration453 2002-02-28 8 Chuang Peck Ming - China net seen overtaking the world's 2nd largest ecenomy just yet By Chuang Peck Ming SOUTH-EAST Asian nations including Singapore will inevitably reorient their economic linkages towards China, but according to Deputy Prime Minister Lee Hsien Loong, this does not mean453 words
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Article375 2002-02-28 8 Tang Weng Fai - By Tang Weng Fai THE Infocomm Development Authority (IDA) yesterday gave an update on the progress of Infocomm2l, emphasising its key role as a promoter, regulator and early adopter to share and distribute risks in the IT industry. The second Infocomm2l Leadership Dialogue was held to spell375 words
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Article, Illustration310 2002-02-28 8 r=tt 3 on the economy services AFTER holding up through the downturn, the services sector suffered a 4 per cent drop In revenue In the fourth quarter of 2001 the first decline since Q*****. Financial services was one of the few industries that faredSource: DOS - 310 words
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219 2002-02-28 8 Kalpana Rashiwala - By\ Kalpana Rashiwala LASALLE Investment Management yesterday announced its first acquisition for the US$l.25 billion LaSalle Asia Recovery Fund: a 12-storey freehold Class A office block in the core of Seoul's CBD for 75 billion won (*****.7 million) with a net219 words
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175 2002-02-28 8 Foo Kim Leng (Ms - MAILfTETy Foo Kim Leng (Ms) Senior Corporate Communications Manager Sing Tel WE refer to your article "Sing Tel shares slump to record low of $1.57" by Teh Hooi Ling (BT, Feb 23). There have been many occasions where Sing Tel is mentioned175 words
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Advertisement1482 2002-02-28 8 OVERSEAS UNION ENTERPRISE LIMITED M 11 (Incorporated in The Republic of Singapore) 11 II ANNOUNCEMENT |l II The Board of Directors of Overseas Union Enterprise Limited wishes to announce: 11 I AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2001 11 II TtfOfPUP The Company II 2001 2000 2001 20001,482 words
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ASIA aerospace
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451 2002-02-28 9 David Boey - Surprise tie-up marks a coup for Dassault's bid to sell Sables to Singapore By] David Boey THE race to supply advanced warplanes to Singapore has moved into high gear. Singapore Technologies Engineering made a surprise announcement yesterday that it will provide451 words
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528 2002-02-28 9 Donald Urquhart - By] Donald Urquhart [SINGAPORE] Singapore Aero Engine Services' new (185 million engine overhaul facility will generate annual sales of over $400 million and create more than 450 Jobs over the next few years, Minister for Trade and Industry George Yeo said yesterday.528 words
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228 2002-02-28 9 [SINGAPORE] Lufthansa Technik will today hold its first talks on possible collaboration with key competitor SIA Engineering Company. Both companies are already linked through the Star Alliance partnership of their related airlines Singapore Airlines and Lufthansa. The giant German technical service, maintenance repair228 words
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192 2002-02-28 9 (SINGAPORE] Singapore Technologies' Pacific Flight Services yesterday joined Bombardier Aerospace's Flexjet Asia Pacific charter network aimed at tapping into a broader corporate and government aircraft charter market. A subsidiary of the aerospace arm of Singapore Technologies Engineering (ST Engineering), Pacific Flight Services' fleet of192 words
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Article, Illustration473 2002-02-28 9 Beth Jinks - Itkn«ws§f nt CTrttmftra for 8747-400ZQLR By Beth Jinks [SINGAPORE] European aircraft maker Airbus says its 550-seat super-jumbo A3BO is on schedule and in demand and claims that US rival Boeing's newly-un-veiled quiet, long-range 400seat 747-400XQLR will pose little competition. Airbus president and chief executive NoelARTHUR LEE - 473 words
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391 2002-02-28 9 David Boey - By] David Boey THE Defence Science and Technology Agency (DSTA) urged the defence industry yesterday to share design information that will allow DSTA's arms buyers to assess the capabilities of various weapons using computer modelling and simulation (MAS). DSTA chief executive Su Guaning391 words
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240 2002-02-28 9 Simone Erasmus - By\ Simone Erasmus SLA Engineering officially opened yet another joint venture yesterday this time in a tie-up with Pratt Whitney and ST Aerospace. The three own 24.5, 51 and 24.5 per cent respectively of Turbine Coating Services (TCS), which repairs engine240 words
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Advertisement117 2002-02-28 9 Airlinea facing most serious challenge ever, Shipping Times Pg 10 4 *m ***k <v A'. y "S "i C O M M N O I N < T IMI Disc 'H f IVIN'.. IT'. .1 < H T *-> IV I VI A I IN < TM I M TO117 words
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EDITORIAL & opinion
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Article, Illustration723 2002-02-28 10 anthony rowley - PPS7TI bottom line OPINION anthony rowley The writer is BT's Tokyo correspondent IT OFTEN seems that nothing can shake Japan out of the terrible lethargy gripping its policy-making process on the critical issues of what to do about economic recession, deflation and723 words
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Article70 2002-02-28 10 'We keep hearing calls of resumption of dialogue with Pakistan. Terrorism and dialogue cannot go together.' -KKNartjuu the Indian president, on peace moves with Pakistan. 'She (Megawati) is no longer my sister. I don't even want to make Mends with her because of her involvement in abusing70 words
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Article574 2002-02-28 10 EDITORIAL DESPITE fiscal pumppriming to the tune of US$l trillion over the best part of the last decade, Japan's debt and deflation problems have grown so serious that this week's rescue efforts have deteriorated into little more than short-term damage control exercises. Japan's policy-makers no574 words
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Article, Illustration919 2002-02-28 10 Greenspan's leml-ammal monetary testimony The following is the full text of Federal Reserve Board chairman Alan Greenspan's semi-annual monetary testimony to the House Financial Services Committee issued yesterday SINCE July, when I last reported to you on the conduct of monetary policy, theREUTERS - 919 words
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Article673 2002-02-28 10 Michael Lewis - COMMENTARY By: Michael Lewis The writer, whose books include 'Next: The Future Just Happened'and 'Liar's Poker', is a columnist for Bloomberg News. The opinions expressed are his own. Bloomberg NOT since the corporate victims of Sept 11 rushed to Capitol Hill to demand financial reparations haveBloomberg - 673 words
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Advertisement22 2002-02-28 10 n*T©*ri Lianhe Zaobao I Too many I ißortsl I Pearl Rrver I I I I Sit I I M/ M I mJ22 words
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REGIONAL news
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469 2002-02-28 11 Eddie Toh - It will be holding seminars to provide information on gpvt policies, incentives Froml Eddie Toh in Kuala Lumpur THE Malaysian government has stepped up its drive to help local manufacturers catch up with their foreign counterparts in the country. Zainal Abidin Sulong,469 words
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353 2002-02-28 11 Eddie Toh - But results fell short if market expectations From, Eddie Toh in Kuala Lumpur MALAYSIAN casino group Genting Bhd and subsidiary Resorts World Berhad have returned to profitability for the financial year ended December 2001 but their results still fell short of353 words
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251 2002-02-28 11 KUALA LUMPUR AP Reuters THE Malaysian government expects to receive a US-guaranteed loan for about US$7OO million to help buy five Boeing aircraft ordered by its cashstrapped national carrier. The loan will be guaranteed by the Export-Import Bank, the export creditAP; Reuters - 251 words
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NOTE Book
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Article137 2002-02-28 11 Siow Li Sen SINGAPORE] IT seems Singapore-owned banks are not the only ones retrenching. Adding to the gloom In the financial district, RHB Bank Bhd will today retrench 27 employees or 10 per cent of its staff strength in Singapore in an effort toSiow Li Sen - 137 words
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73 2002-02-28 11 Dow Jones Newswires [KUALA LUMPUR} The Kuala Lumpur Stock Exchange yesterday said that it will place trading restrictions from March 1 on 41 companies designated as financially troubled. The move to designed to better alert traders and the public to the companies' situations,Dow Jones Newswires - 73 words
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36 2002-02-28 11 Bloomberg [MANILA] The Philippine Congress confirmed Joee toidro Camacho as finance secretary eight months after he was appointed, ending speculation that a government bond controversy involving his sister would scuttle his appointment.—BloombergBloomberg - 36 words
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Article52 2002-02-28 11 Bernama [KUCHING] Utama Banking Group Berhad (ÜBG) recorded revenue 0fRM496.6 million (Ss24l million) resulting in an operating profit of RM229.4 million for the 12 months ended Dec 31,2001, compared to an operating profit of RM170.4 million in the previous year, an increase of 35 perBernama - 52 words
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65 2002-02-28 11 AFP [JAKARTA] Indonesian prosecutors said yesterday that former president B J Habibie is not currently a suspect in a US$3.B million fraud case allegedly involving one of his ministers. They questioned Dr Habibie on Monday and Tuesday about the alleged embezzlement of 40AFP - 65 words
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46 2002-02-28 11 AFX [BEIJING] China has issued new regulations classifying foreign investment into four categories— encouraged, permitted, restricted and banned to comply with the country's WTO commitments, state media reported. The regulations, which take effect on April 1, replace those issued in 1995. —AFXAFX - 46 words
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397 2002-02-28 12 Diana Oon Abdullah - Eceeeey skraak wtfy&S%bi Qf after L 2% fecttae ii Q3; pick-up expected this year From! Diana Oon Abdullah in Kuala Lumpur THE Malaysian economy avoided a ftillyear recession, showing only 0.5 per cent decline in the last quarter of the year, thereby bringing tall-year397 words
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273 2002-02-28 12 Al Labita - Aim is to prevent deals involving dubious parties From Al Labita in Manila THE Philippine central bank, reeling from a spate of bank scandals, has asked Congress to give it powers to stop the sale of banks to "potentially unscrupulous parties". Appearing273 words
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Article, Illustration422 2002-02-28 12 TAIPEI Bloomberg, AFP TAIWAN export orders and factory production rose in January for the first time in 11 months, signalling that the island is pulling out of its worst-ever recession. Stocks rallied after the government said overseas orders rose 9.2Bloomberg,; AFP - 422 words
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Advertisement235 2002-02-28 11 Mercedes-Benz to a trademark of DaimlerChrysler. "I want a car, condo and cash." JV\ b 4 I m-^\ 3r Bp J, gggl W e^jr*4te "*t 1 C IUI>M.M^S*WP orv jSjK v jjSfe/ =s=JS "You got it." -V'*^.'/£ ;a v >- *>*': ;\Nfe|^^' %4i* You could win tome fabulous prizes you235 words
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Advertisement1125 2002-02-28 12 the straits trading company limited (Incorporated in Singapore) (a) The Orectors declared a second ritanm dividend of 3 certs per thai*. laea Mri%Mn roome tax at 28% In raaped of tie |Mr ended 31M December 2001 payable on 3rd May 2002 to sharaholdara on tie Am nagistar ori 19» April1,125 words
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WORLD news
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480 2002-02-28 13 EMROM AMD AFTER But they think it is better to let specialists set these standards NYT [WASHINGTON] Accounting experts told Congress on Tuesday that it should encourage tougher financial reporting requirements for corporations, but let specialists set those standards. "It is important that the issuesNYT - 480 words
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Article, Illustration349 2002-02-28 13 LAT-WP [WASHINGTON] A combative former Enron chief executive Jeffrey Skilling confronted his accuser and went toe-to-toe with the Senate on Tuesday, saying he did not lie to Congress, did not deceive Enron's former chairman Kenneth Lay, and did not know about any wrongdoing atLAT-WP; AFP - 349 words
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213 2002-02-28 13 Reuters [NEW YORK] US taxpayers could be on the hook for much of the losses in failed energy company Enron Corp's pension plan, the Wall Street Journal reported yesterday, quoting staffers in Congress. If the company's arrangement connecting its pension benefits to its employee stock ownershipReuters - 213 words
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WORLD Watch
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Article72 2002-02-28 14 Reuters [TOKYO] Two of Japan's largest stock markets for venture firms—Jasdaq and Nasdaq Japan—are In merger talks, aimed at integrating operations by March 2003, the Nihon Keizai Shimbun daily said yesterday. The newspaper said Jasdaq, Japan's top market for start-ups, and Nasdaq Japan, a sister versionReuters - 72 words
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Article80 2002-02-28 14 Reuters [BRUSSELS] The European Union on Tuesday moved closer to crackdown on insider trading and manipulation of financial markets when a key EU parliament committee backed plans for a common definition of market abuse. The bill, part of the EU's plan to create aReuters - 80 words
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Article60 2002-02-28 14 AFP [BASEL, Switzerland] Swiss pharmaceutical group Roche yesterday announced a 57 per cent drop in its net profit last year from the previous year to 3.7 billion Swiss francs (Ss4 billion). The company the Call on restructuring charges and provisions for a 780 million Swiss francAFP - 60 words
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84 2002-02-28 14 Bloomberg [TUKYO] Morgan Stanley Dean Witter Co was barred from managing the biggest share sale planned in Japan this year because the firm is serving a trading ban for violating securities laws, an official said. The US firm was not among 62 banks invited toBloomberg - 84 words
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Article124 2002-02-28 14 Bloomberg [MOSCOW] PricewaterhouseCoopers LLC (PwC), the biggest accounting firm, took out a full-page newspaper advertisement to refute criticism that it tidied to alert investors about mismanagement at Russian companies it audits. OAO Gazprom board member Boris Fyodorov and some minority shareholders have demanded that theBloomberg - 124 words
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109 2002-02-28 14 Reuters [NEW YORK] Kmart Corp chairman James Adamson said on Tuesday the bankrupt retailer will unveil its store closure plan on March 11, but dismissed some analyst forecasts that at least 500 stores would be shuttered. Following s confetti-sprinkled, morale-boosting introduction ofa newReuters - 109 words
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445 2002-02-28 14 WASHINGTON Lowest figure in lVfeyrs signals slower economic recovery Bloomberg, Reuters US DATA released yesterday presented a mixed picture. New home sales fell more than expected in January to the lowest level in 1 Mi years, suggesting housing will be hard-pressed toBloomberg,; Reuters - 445 words
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Article, Illustration330 2002-02-28 16 NEW YORK Citigronp, BOA were prime brokers for Allfirst'sforex options, cash deals Reuters CITIGROUP Inc and Bank of America Corp are under scrutiny in connection with foreign exchange business they did with a rogue trader at the US arm of Allied Irish BanksReuters; REUTERS - 330 words
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326 2002-02-28 16 WASHINGTON Reuters US lawmakers are trying to kick-start long-stalled bankruptcy reform legislation that would make it harder for individuals to avoid repaying their debts by declaring bankruptcy, aides said on Tuesday. The House of Representatives and the Senate have both passed bankruptcy reform measures, butReuters - 326 words
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Advertisement318 2002-02-28 13 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF INTERACTIVE MEDIA SERVICES PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the members of the318 words
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Advertisement432 2002-02-28 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AUSTRALASIAN ALLIANCE PIE LTD (in Members' Voluntary Liquidation) Extracts of the Minutes of an Extraordinary General Meeting of the Company held on the 28th day of February 2002. SPECIAL RESOLUTION "That the Company be wound up432 words
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Advertisement470 2002-02-28 13 In The Matter ef Itw Compomm Act OMpter 50 AnJ bi the Matter ef FATT FATT INVESTMENTS HI LTD (In Voluntary MEMtERS' VOUiNTArf WINOING UP At an Eidmordtoory General Ms sing of Mgmbtfi of tfn obovnnonwd Compony duly convgnod oi>d h#ld ot 10 Ouoy 11-01 OcMfi bidding Sinoopof* *****5 on470 words
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Advertisement51 2002-02-28 13 the market it's happens to the you put now? Head Office Cecil St 880 0688 Email: enquiry@sbsl.com.sg Ql NfS ADIID A Our Branches Ang Mo Kio 458 4222 Beach Road 292 1459 Bedok 445 8255 wlllUMl WllM Bukit Timah 467 1916 East Coast 348 8262 Serangoon 299 8855 BUILDING SOCIETY51 words
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Page 13 Miscellaneous
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Miscellaneous174 2002-02-28 13 CRYPTIC CROSSWORD 29 A area spelts disaster (8) 30 Ordered to hide good medal 9 Having a stake. I've tested YESTERDAY'S SOLUTION 5 > stem negotiator (6,8) Across: 1 Flair. 4 Brougham. 8 DOWN 15 View first seen in Virginia (5) Atlantis. 9 Striking. 11 Holdout. 1 A type to174 words
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Article, Illustration1121 2002-02-28 14 Transaction date: Feb 27 A| C$ >i Un fc W Yw M KQNtfa Nm S$ —9 Mr 1$ WHK U$$ AM* 0927 4265 0J95 WOI IMS 4.001 ***** ***** 0491 0913 1.953 1227 ***** ***** 0943 5470 0079 *050 ***** 0.343 05M CM 1209 5.157 0729 0724 1409 09471,121 words
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Article1508 2002-02-28 14 POOMrOTfW Feb 27 ■■awewewNiiw Om Mm OpM Mwi Hi In >t> Hi MvR ***** »ma mjs SrK mji J*« H725 MS3(VSc*t*A0 VoOTm opn Mk Mfb lot Sad HOTM) Mmt nw« ~«3o 5a *r02 *2.75 2200 S102 ooo OM J" 02 6125 2350 QlllWcaMi VataM Opn SHS M Ut 8tt1,508 words
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Article4625 2002-02-28 15 Transaction date: Feb 27 for more, go to uwwjasiaonenmarket&xom HONG KONG icgam.. ..a.** aoi ***** Vet Interchine Hldgt 0.97 -001 ***** MO W- "888 mterfonn Ceramics .0.02 unch 4732 Infl Bank of Awe IX -001 2586 AataAeuMMtimadia 0.47 unch 0 iftegent Grot* ill 0.02 8326 Alpha General 0.044,625 words
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Article2063 2002-02-28 15 Transaction date: Feb 27 KUALA LUMPUR om ay Fraaer*Naawe 3.5* -0.02 2 M r«M J40 unch 10 FWhdistna .Ml 001 59 AIM Matty 1.00 -04)1 39 2"S "?K Afaric 1.90 -0.02 21 5*™*» JW 010 ACPInduMrias .3.18 laidi 56 ,n^5? P I5f 8 Advance Synergy 052 -0.01 101 if?2,063 words
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Article757 2002-02-28 15 Transaction date: Feb 27 ttmmm» m am O—I i»i— m am a—t COC Ml 4JOO <UN NM9MS0C 022 1.170 4«m bfUW 1J7 1J90 *0090 OCBC Ml v U.M0 *OJOO OwlMMlk 1J0 4.110 *0000 0U( OJO MM «4100 CXyOwMc 24Z MM *0.090 OJO 0J0S *M 10 OwtwTBc M0 21J00 *0.100757 words
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Article630 2002-02-28 15 BONDS WARRANTS Uat WCwn taar *Mk Xi Ciiimi SMt —r- C—Ww. %%amtm u> AST1W*****1 ZU 1 It It 1.43 2S AomaUdlMMIIIC 1 1 SO 450 3.17 33 Amta* W*****0 425 -0 5 225 1 33 i Ul Amwrong W*****0 AS unt* 72B 1 10 31 213 27 AaaFoodP\MI***** AS 1630 words
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Page 15 Advertisements
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Advertisement17 2002-02-28 15 W% I your shareholders and potential shareholders I I JIjHH jl KGGCII publicising your company's financial results17 words
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Article5834 2002-02-28 16 Transaction date:Feb 27 for live prices, log on to wwwjasbCuynerruirketsjDorn SMft UM «M Oay LIQ—H SXH* Mr firtM MM MCaa WtA«f U» fiani Sate W- (!■> M(» U» Ig CW W iJ Wo 9 ABNAmroNLG 56c 3 4 IS 27 5 U c ACE Dynamta20c 12 12 05,834 words
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Article48 2002-02-28 16 iff om umommmrn mum m mem wvm, tmm Cam—m y* W- fg m*t I— MNr Cm m tS H& 11M0 ®»0 i DMmondi USMOQcd (HO 300 i iSDJUSTatfi inwuii W <• s IS MSG Sport USSH 12fi0 Wt s ISSWSOO USIMM 1J150 MSO i VMS US WHO48 words
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Article1422 2002-02-28 16 -5*. J£ jKw»* mm mm mem mm u» Mi w- ft m+ i— M— w» ot hi «a w5 as 12cAa«HUpSc 17 -05 SO 17 17 14.5 1« 9 It 13 S BJ 17 405 II c APOtSc It -05 25 It It It 115 43 IU It1,422 words
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Article366 2002-02-28 16 SHI Laat Vat tap l1>Hi «rM» M> CrVM M KG* ■»u»tmii| mt» w- to im» whr m 13 UO *0 AVJcnrengi A25c A (3 K) -40 U tl U 17U CattvytacXkHK.- 720 265 2.1 7.4 6 243UJ Chatng KongSOc HK 17(0 240 6J 6.7 3 40B965 e 45366 words
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BIZIT
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Article, Illustration653 2002-02-28 17 Jennifer Lien - In Q4 last year, demand for enterprise products servers, mainframes and high-end storage jumped 21% over Q3, when it had seen a 26% drop Frorni Jennifer Lien m Silicon Valley WITH inventories of IT hardware increasingly being drawn down, things are lookingSource: Techiel Corporation - 653 words
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Article, Illustration482 2002-02-28 17 kenneth james - liicomment INFOTECH Getting the 'exit strategy* right will be cradal kenneth james TWO weeks into the Year of the Horse, the local infocomm industry still isn't cantering forward; but at least it isn't sliding backwards as fast as it used to. This key sector482 words
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558 2002-02-28 18 Proposals included USs7om for Fiorina and USs4Bm for Capellas after merger: opponent Walter Hewlett Reuters [SAN FRANCISCOJ Hewlett-Packard Company discussed a lavish pay package worth US$7O million over two years for CEO Carly Fiorina after the Compaq merger, deal opponent Walter Hewlett reportedReuters - 558 words
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291 2002-02-28 18 Reuters [SAN FRANCISCO] Cisco Systems Inc, the leading maker of Internet network equipment, said on Tuesday that while a modest recovery was underway, it would need to cut costs and its payroll ftirther. "We have started a modest recovery," Cisco's CFOReuters - 291 words
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IT TAKES
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81 2002-02-28 18 Bloomberg [WASHINGTON] SBC Communications Inc and Verizon Communications Inc, the two biggest US local phone companies, paid a combined US$&B6 million in penalties for not giving rivals equal access to their networks. SBC paid US$3.4 million this month for Calling to meet guidelines itBloomberg - 81 words
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86 2002-02-28 18 Bloomberg [SAN FRANCISCO] Intel Corp introduced a set of three processors for networking equipment and a new semiconductor for storage devices, as the biggest chipmaker tries to bolster sales outside the realm of PCs. The network processors—programmable chips that transport data over computerBloomberg - 86 words
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107 2002-02-28 18 Reuters [LOS ANGELES] eßay Inc will shut down its Japanese operations on March 81 after fidling to gain a foothold in that market The company said it had fallen behind Yahoo Japan Corp, the market leader in Japan, and had decided to shut downReuters - 107 words
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Page 17 Advertisements
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Advertisement380 2002-02-28 17 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTE* OF ELAJtO&A INVESTMENTS PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant lo Section 308( 1) of the Companies Act, Cap. SO. that a Final General Meeting of the obovenamed Company will be hold ot380 words
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Advertisement557 2002-02-28 17 IN THE MATTER OF THE COMPANIES ACT, CAP. SO [(Section 390<3Mb)] AND IN THE MATTE* OF GALERIES LAFAYETTE DEPARTMENTAL STORE (1985) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At on Extraordinary General Meeting of the Company held at 34 Raffle* Place, #15-00 Clifford Centre, Singapore *****1 on the557 words
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Advertisement658 2002-02-28 17 Deutsche Bank AG acting through Its London branch To: All holders of Call Warrants issued by Deutsche Bank AG acting through its London branch relating to the ordinary shares of Oversea-Chinese Banking Corporation Limited Dear Sir Madam, EXPIRY OF WARRANTS The rights comprised in the Call Warrants (the "Warrants'), relating658 words
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Advertisement474 2002-02-28 17 zHH C. K. TANG LIMITED (Incorporated in the RepuMc of Singapore) ANNOUNCEMENT ONE-FOR-ONE RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE ("RIGHTS ISSUE") OF NEW ORDINARY SHARES OF $0.20 EACH IN THE CAPITAL OF C. K. TANG LIMITED ("RIGHTS SHARES") AT AN ISSUE PRICE OF $0.20 FOR EACH RIGHTS SHARE The Directors of the474 words
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Page 18 Advertisements
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Advertisement34 2002-02-28 18 W J f 1 ■fen y B 1 11 11 1 ffWHHISBjti Ijocal, foreign or business news for people on the move. Streats, the preferred free newspaper that is "sold exit" every morning. JkJj^oliJjßlA34 words
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Advertisement617 2002-02-28 18 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 EASTERN MON ANO STEEL MANUFACTURING COMPANY PRIVATE LUSTED MEMBERS VOLUNTARY LIQUIDATION At an Extraordinary General Meekngof toe Company convened and held at 20 Martin Road •07-01. Sang Kea Building. Singapore *****0 on 21 February 2002, th# following resolutions were duly peaaed:617 words
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Advertisement417 2002-02-28 18 1 MSMUf .ffSCMLnOUimi OWED :aTFEBHUARY 2KB NBCMIBtOF necoww/CTpwiHtai VCWTHEagTTWOF M THE IMJTBt OF THE COMMUNES ACT, CAP.M AMO mmu cowmuctioM pre lh rvJliSiyfliflßSyßßSfe up ft ana* of aakMn m aMMi at Sea* CtaMMM Ri IB My cosimM ad Mk d 2f CaMaaM few SappOß OV74S m 22 FMnary 2002 M417 words
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EXECUTIVE suite
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Article, Illustration1237 2002-02-28 19 Justin Doebele - They are part of a worldwide trend of internationalisation. With the hotel industry consolidating, it's eat or be eaten By* Justin Doebele ASIA'S finest hotels have always evoked a mystique: Raffles, Peninsula, Shangri-La, the Oriental. Add to that list its resort chains, such as Amanresorts and1,237 words
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Page 19 Advertisements
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Advertisement155 2002-02-28 19 Where to wine, dine and entertain... A World of Exclusive Privileges Treats (O^fiSSSSr Indulge in the best of two culinary worlds as we bring you the best of international cuisine. Highlights indude Pepper Crabs and Rod Prata from Singapore, Sashimi and CaHfornian Hand Rotts from (apan, Fresh Oysters, Turkish Kebabs155 words
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Advertisement312 2002-02-28 19 I Hotel Inter-Continental, Singapore March 2002 Tuesday 9amto4.3opm Il I*: Vi i illT \m 7TT:. I [jiTr C®HHBI®S Act ll Insolvency cases are rampant in these times 0T economic uncertainty. Voluntary Group Accountants, Financial Controllers, arrangements and external management Consultants, gms, mds, Legal counsels, are fast becoming a means of312 words
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Advertisement95 2002-02-28 19 RMSALEBYTBBB v sf of Strata Space jfttHi*'! i- 8 tUlliT Station Existing offices/shops/warehouses/sbowroofTVcoldrooms/ carparks s Approval obtained to convert the warehouses/coldrooms j' 2: to commercial uses I High Yielding property Twl Close proximity to CBD, NicoH Highway, PIE, ECP Tender Closing: 3rd April 2M2 (Wednesday) at 4 p.m. hrilpl JahN95 words
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Advertisement59 2002-02-28 19 .A...» it'-w mil ranq mahal Buffet Lunch, Noon to 2.30pm Dinner 6Jopm to 10.30pm (Closed for lunch on Saturdays) UfWmTMfci BUI 111 I —I BUM— DIANXLN AT THE NEPTUNE Enjoy excellent lunch and dian xin served on trolleys. Reservations: 224 3922 I Managed by Mandarin Singapore MfJii; 7th Floor. Oiama*59 words
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OVERSEAS PROPERTY
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Article, Illustration695 2002-02-28 20 INTERNATIONAL investors are being attracted to New Zealand because a number of segments of the property market are now showing evidence of growth in values. New Zealand property yields (the rental income return on the purchase price) are among the highest obtainable anywhereFILE PHOTO - 695 words
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Article, Illustration1090 2002-02-28 21 JOHNNY ADJI - The Seoul property market possesses an attractive combination of high return potential and low-risk profile. johnny adji explains why JOHNNY ADJI The author is vice president, financial services, CB Richard Ellis, Korea SINCE restrictions were lifted on foreign ownership after the Asian crisis, Korea hasREUTERS FILE PHOTO - 1,090 words
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Article, Illustration1556 2002-02-28 22 EDWARD CHEUNG - By EDWARD CHEUNG The author is executive director GM, Shanghai, DTZ Debenham Tie Leung Ltd REAL estate has become an important driver of domestic consumption in China, with the percentage of housing expenditure to total consumption rising from 7.1 per cent in 1995 to 10FILE PHOTO - 1,556 words
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Article, Illustration794 2002-02-28 23 DIANA OON ABDULLAH - Bu DIANA OON ABDULLAH DESPITE government efforts to boost all sectors of the property market last year, housing in Malaysia is the only one which continues to draw buyers as it has for the past three years. Property overhang numbers as at the endFILE PHOTO - 794 words
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Article861 2002-02-28 24 JANE MURRAY - Commercial yields lower but pick-up expected in 2003 Byi JANE MURRAY Jane Murray is head of research, Australasia and Damien Kiley is residential market analyst, Jones Lang LaSalle WHILE Australia should buck the global downturn with an expected 2.5 per cent GDP growth for 2001 and a861 words
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Article, Illustration540 2002-02-28 24 JANE MURRAY, DAMIEN KILEY - By J JANE MURRAY, DAMIEN KILEY THE residential sector performed well over the later half of 2001, spurred on by a low interest rate environment and the high numbers of first home buyers in the Australian market. The federal government's continuance of the First Home Owners' Grant540 words
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Page 20 Advertisements
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Advertisement202 2002-02-28 20 y* The Royal Bank of Scotland pic SINGAPORE BRANCH Mm I V au-^N^^r THE KEY TO YOUR UK PROPERTY FINANCE For further Information, please contact directly: Joyce Tan Tel: (65) 439 3721 or E-mail: Joyce.tanOrboa.com Amy Wee Tel: (65) 439 3739 or E-mail: amy.weeOrtMie.com Eileen Tan Tel: (65) 439 3752202 words
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Advertisement240 2002-02-28 20 Learn How To: I TODAY Own Australian Freehold property from I 6pmto 9 pm as little as 5569,000 I Thursday 28 Feb Increase your profit potential I Next Week, Wed 6 Mar Maximise returns on investment I c^s Ro^ n onham #mm 442 onhmm m Seminar G 7pm Achieve high240 words
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Advertisement10 2002-02-28 20 n imMD Tin Straits CtouUM wtwft MM Is fl A10 words
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Page 21 Advertisements
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Advertisement197 2002-02-28 21 w&&. I Invest in the most centrally located I residential apartments in Melbourne I Minutes walk to RMIT, Melbourne Central Station, Business Centre, ihemasun*. I Supreme Court, State Library China Town I Adjacent to Myer, David Jones Daimaru Department Stores -mrr 'SSS' RESIDENCES PTY LTD hMtfrj Ml I A wholly197 words
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Page 22 Advertisements
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Advertisement50 2002-02-28 22 A total soujiion to your FINANCIAL NEEDS Call us on for an obligation-free consultation. Email: ufirst@nabasia.com Website: www.nabasia.com 5 Temasek Boulevard #15-01 Suntec Tower 5, Singapore *****5. National The approval of the facilities is subject to our approval of the criteria as may be required by National Australia Bank Limited.50 words
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Page 23 Advertisements
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Advertisement187 2002-02-28 23 Apartments that score hbpt>'-'ii on location and price njnn~Tn| Fully-fitted apartnwili with stunning pqnoramlc views and excellent resort-style facilities in menovme. Be a part of Melbourne's fastest growing area, with over A$ 5 billion in development, completed or under construction. Invest today Southbank, Melbourne's most desirable residential address for convenience,187 words
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Page 24 Advertisements
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Advertisement260 2002-02-28 24 iwg I I mm-- indeed, we are a leader when it comes to high-end What seta us apart, besides the fact that S residential properties for investment or as a second home. lovely cup of tea, is our rather o&fashioned approach to riflfjpf -JE Our network of offices covers just260 words
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SHIPPING TIMES
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Article240 2002-02-28 25 Reuters THE Baltic Dry Index (BOI) rose seven points to 1,025, the Baltic Panamax Index (BPD tost two points to 1,031, the Baltic Handymax Index (BHD firmed 29 points to 6,675 and the Baltic Capesize Index (BCI) was up 19 points to 1,300. ♦Bulk Asia (built 2001) 168,770Reuters - 240 words
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Article244 2002-02-28 25 rwzT w CWT attribution 0.41 0.01 57 Caaca Investment —0.23 unch 70 FratMUMn 0.07 MCft tM Wlw*m 034 unch 0 IMC HoMtoxp-HK 5.60 taKh 0 JayeHaMtog* 0.22 0.01 Happal Miftii 0.19 unch 5M KaopelTaM. UJ9 unci) 70 Lahray Marine OJO unch 162 MataMck 0J4 unch 0 NOt U4244 words
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Article, Illustration494 2002-02-28 25 Donald Urquhart - Although box volumes are up, excess capacity will keep lid on rates, conference told By Donald Urquhart [SINGAPORE] Recovering container volumes are improving the outlook for shipping lines, but may not be enough to sustain a rebound in freight rates badly neededFILE PHOTO - 494 words
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212 2002-02-28 25 [SINGAPORE] Singapore's biggest bunker supplier, ExxonMobil Marine Fuels (EMMF) will offer a heavier, cheaper version locally. The oil major will sell bunker fuel of up to 500 centriStokes at Singapore's ports a lower grade ftiel that can be used in most modern212 words
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273 2002-02-28 25 P T Bangsberg - By P T Bangsberg WITH intermodal transport and supply chain management still in its infancy compared with many countries, China has drafted an aggressive logistical infrastructure plan for the next five years. The aim is to cope with a projected annual increase in273 words
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244 2002-02-28 25 Alec Almazan - One suggestion is cross-border neutral flag patrols From. Alec Almazan in Manila DELEGATES participating at the first Association of South-east Asian Nations (Asean)-European Union Expert's Group Meeting on Maritime Seimrity are proposing, among others, the formation of a "neutral flag patrol fleet" that will be allowed244 words
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PORT Shots
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106 2002-02-28 25 Dow Jones [LONDON] Associated British Ports Holdings pic expects about a 3 per cent growth in container volumes from new business for the ftill-year 2002, chief executive Bo Lerenius said. However, the uncertain economic climate makes it too difficult to predict how the businessDow Jones - 106 words
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Article60 2002-02-28 25 [SINGAPORE] Six rubber-tyres gantry cranes will be built In Malaysia for Penang Port in a collaborative deal with Kalmar Industries and Penang Shipbuilding and Construction Sdn Bhd (PSC). The RTGs can stack containers 6+l wide and one over four high and are due for60 words
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Article, Illustration78 2002-02-28 25 [CHESAPEAKE CITY, Maryland] The 550-foot cargo ship A V Kastner (rear) lies idle after colliding with one of two tugboats towing a barge in the Elk River near Chespeake City, Maryland. The tugboat sank and the barge is almost completely under. Four crew membersAP - 78 words
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SEMBCORP logistics
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Article, Illustration811 2002-02-28 26 Relying on Singapore government contracts is not good enough for SembCorp Logistics chief executive officer Koh Soo Keong. He wants the company to regard the world as its market Bloomberg [SINGAPORE] IN his three years at SembCorp Logistics Ltd, chief executive officer Koh Soo KeongBloomberg; FILE PHOTO - 811 words
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Article139 2002-02-28 26 PACE Fuhai 4 AppensMp 5 Futtrans 4 BSA 6 GMurtram 4 B'tang Mas 6 Hangli 6 CMACCM 3 Hyundai 4 COSCO 3 Heung-A 3 Columbus 6 Inter km 5 t Central E* 6 R)Sl 5 5 RjenHung 6 t Cougar 6 Kyowa 6 tt CWTGtoOeta* 6 wrc139 words
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Article12730 2002-02-28 31 THEBUSINESSTIMES EXPORT r dy» I ETA ETA Advartiw Vkm4 Voyaga Talaphona ETA ETA Advartisar Vassal Voyaga Talaphona SIN Dast'n Nam* Nama NumBar NumDar SIN Dast'n Nama Nama NumOaf NumDar 7b BELAWAN (BLW) 2047 IndooMia To ABIDJAN (ABJ) 2003 Cote 0'I voir* W/03 U/01 Dongnama CONTI GERMANY 0I2S 45-*****1112,730 words
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SHIPS IN PORT
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Article708 2002-02-28 33 Vassal V#y No Berth Arrival Departure MAHSURI *****7 27/02/6:55 27/02/1*00 WIGGINS TIO€ 26-Frt J04 27/02/750 27/02/1700 ASIAN OUEEN 11 J05 27/02/7:15 27/02/11JO IT U 8ERSAMA ***** J01 27/02/7:45 27/02/20*0 MARINE PEARt MP2802 J10 27/02/7:40 27/02/23*0 KIAN HENG KH0202 J07 27/02/10:40 27/02/*00 WINSTAR 1 23S02 J03 27/02/1:10 27/02/22*0 SHANNON708 words
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Article1894 2002-02-28 33 BECEIYWC OF EXPOtT FCl COHTAIHCRS AND LCL CARGO Booking/Btltnct Rstls SWp Voy Mo Etto/Btr Nflod Fro* To Fro* •cx falcon 02w tiny* u 27 moo 27/699 urnoo 27/noo vnm zitmo 2* 27/1700 21/0*99 21/0900 21 27/1700 21/0*99 21/0900 3 20/0700 21/169 21/M00 MUINUM 2717 1/23:99 M 27/1400 27/6991,894 words
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Article200 2002-02-28 33 M9B Taiwan: Memorial Day March 15 Malaysia: Islamic New Yeai (Awal Muharram) Brunei: Islamic New Year (Awa Muharram) Indonesia: Islamic New Yeai (Awal Muharram) March 21 Japan: Vernal Equinox Day March 20 Singapore: Good Friday Australia: Good Friday Canada: Good Friday France: Good Friday Germany: Good Friday Hong200 words
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Article783 2002-02-28 33 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the783 words
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Article453 2002-02-28 33 Cartaa NO Ma 990 9 Oi to 0.09 55 0.04 Fe» 21 OMSttr Mk HsMm Tl r I NoatowE25 0 0 0 0 0 0 %HM 380 Aw 982.5 Oi a? 0.06 25 0.02 [on 380 Mo 99U 0.4 16.1 0.07 55 0.04 %H» %MW mt453 words
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AIR & LAND transport
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175 2002-02-28 34 Bloomberg [SINGAPORE] Tokyo's main international airport at Narita may set aside more business jet slots after the capital's main international hub opens a second runway in April. "We have been led to believe that as a result of the second runway opening thereBloomberg - 175 words
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Article, Illustration469 2002-02-28 34 Tenia says sale completion can't meet deadline AFP [SYDNEY] The sale of failed Australian carrier Ansett to a local consortium collapsed yesterday, effectively sounding the death knell for what was once Australia's second-biggest airline. A statement from the Melbourne-basedAFP; AP - 469 words
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Article, Illustration465 2002-02-28 34 Financial woes of Asia-P&c carriers will lead to mergers, he says AFP [SINGAPORE] Global aviation faces its biggest challenge yet with several airlines in a precarious financial situation and at risk of folding, an industry expert said yesterday. To survive and emerge fitterAFP; FILE PHOTO - 465 words
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370 2002-02-28 34 But HK may not accept a more liberal agreement Dow Jones Newswires [HONG KONG] US and Hong Kong government and airline industry officials met yesterday in an attempt to iron out differences over opening the city's airport to more foreignDow Jones Newswires - 370 words
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LOG Book
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73 2002-02-28 34 Bloomberg [SINGAPORE] Hainan Airlines Co, China's fourth-biggest domestic carrier, has placed a US$BO million order with Gulfstream Aerospace Corp, a wholly ownsd subsidiary of General Dynamics Corp. Betying-based Hainan Air bought three Io*eater Gul&tream 300 aircraft, Gutttfream said at Sincapors's Asian Aerospaoe show. TheBloomberg - 73 words
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Article76 2002-02-28 34 Bloomberg rTAIPEI] Taiwan's TranaAsia Airways said it expected shareholders to approve a plan to reduce capitalisation in March, paving the way tor China Development Financial Holding Cotp to ratee its is per cent stake. The Ices-making carrier, a unit of Goldsun Development and Construction Co, plansBloomberg - 76 words
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Article1644 2002-02-28 34 Frwktart IH9767 0*50 W9765 1240 «w 06S0 1240 oit man ha man no MM 0*7301 mo 1*73*2 20S0 LM7M 835 on 2230 Oft! ")JC OfW mo SO325 835 LM9763 2350 Imtbirtm S0323 0655 6*974 0(30 1*770 1700 SOU* 2350 ***** B45 (LU 2300 ****** 1700 Utm1,644 words
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349 2002-02-28 34 It is expected to have done well despite collapse of Ansett and Sept U events Dow Jones Newswires [WELLINGTON] Auckland International Airport Ltd is expected to have weathered the twin problems of the collapse of Air New Zealand's Ansett unit and the aftermath ofDow Jones Newswires - 349 words
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Page 25 Advertisements
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Advertisement27 2002-02-28 25 Airlines facing most serious challenge ever Back Page Ansett on brink of collapse again p aß e SembCorp Logistics thinks global to stay ahead p 5 227 words
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Page 26 Advertisements
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Advertisement438 2002-02-28 26 i IH subcont,n£nt msa ua f"af** < M Tr |< mm PaT™ SSSS, 25 "IS ISS nj I w S7£~" OOQAfIBKA SMM7 11/11 I 10/03 I U/U ooacAivonu mwu »/w I u/u I w/u wuotocumw m n/n oi/oi 10/01 iimi myiwo */u "/u KwmEW _,j L—j-ii- ii. I I wssa438 words
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Advertisement611 2002-02-28 26 lines services represented by Members of the Registry of Members of the fc]|gj§J' Accredited Shipping Agents, Singapore logistics Singapore Shipping Association Association g ULY Ufa MALI wssa vot Ira ra |~ra P.KUNG SPORE MALE Empress Lily VOlO2 26/02 28/02 08/03 Princess Lily V 0302 13/03 14/03 21/03 Empress Lily V611 words
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Page 27 Advertisements
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Advertisement841 2002-02-28 27 TO USA (SAX SIRVKI) vest! yoy aim uu oai dm how cmi cot mem xn ntc AftEMCUM) 100t 00/03 >1/13 25/03 15/03 15/03 15/03 10/03 15/03 17/03 17/03 ATI CANADA IDE 13/13 10/03 01/04 01/04 02/04 02/04 03/04 02/04 04/04 04/04 An SCOTLAND 1071 20/03 04/04 00/04 09/04 00/04 09/04841 words
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Advertisement1485 2002-02-28 27 ft BtffM WsMiOl VIIIR M"**» SAIIS/MCS TH; *****157/43 FAX: n\ flfllfTTVi fffflfl 1 aemMC COSTAR SNIPMN6 PTE LTD smGArOMMM9t outwmoib/u mmsmi *msws/7s roriuwc •Hnwn ihrum <1 HO: HTtTMOOOM TO: AIM IM9 (MAM) MNMO(D/O) M *****4 42M5310/40 PBIAK 04-*****04 04-*****00 T/SMP PgT *****125 ******14/44 KUANTAM IfSUSM H-SUMN COMVOmOMAI *****301/150 *****323/73 wvwr1,485 words
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Advertisement235 2002-02-28 27 KMTC is launching a new fixed day direct service from_ Port Kelang Pasir Gudang Singapore to Shanghai ■Jf ttjS tgndii Pt« M. i«h imiSSI ISM m»-7177 rw<Hi) m-mvm 1M (mtmmm M i... inMiu/inMin >■■■>« i»i<h» Uhilii >i«»ri»i M« >M «g««Mu saaasx. sssst SHIPPING '7"' NO: 14IM9SMMM IKICMfcNCAII OfOATOt COtfc m.235 words
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Advertisement1100 2002-02-28 28 HMi HYUNDAIMERCHA^TMARIN^O^TD^^^^ mm. voT TT ml ml mlmt I nan Imy Ivbsr vot I sow uw ml ntmomss nswr n/n ts/nv/n n/n n/n n/i» u/w tfICMM IMW IS/M M/W H/DN/H 17/B M/ 01 14/W ■01 IMS MM is/w n/n m/u m/m m/m 25 S2l 221 22 /l 1 w® ntinmtt1,100 words
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Advertisement1446 2002-02-28 29 [v*«» v6Y KMH HKO i «N I m I DX» 1 m DMM HK MVUNOAVU RCt-246 25/02 17/02 Ctt7o3 03/03 ***** 11/03 13/03 15/03 KAN KMMAN PCI-249 04/03 06/03 09/03 10/03 17/03 10/03 20/03 22/03 MAM ISFAHAN PCL-250 11/03 13/03 16/03 17/03 24/03 25/03 27/03 29/03 ■ANHORMOZOAN PCL-251 10/03 20/031,446 words
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Advertisement337 2002-02-28 29 UK CONTINENT SERVICE Loadhgtor IKAN SEPAT RDM/ATW/BMNAJK/LPL OCEAN ISLAND RDM/ATW/BMNAJK/LPL Loads MIDDLE-EAST SERVICE Loadngtor JIN SHUN HOOBOAH/JEDOAH/AQABA ASEAN GLORY DBI/ABU/DOH/BRN/DMM/KWT JOHNNY L DBI/ABU/DOH/BRN/DMM/KWT LION GLORY JOH/AQA PAN QUEEN DBI/ABU/DOH/BRN/DMM/KWT DON FRANE BULK JDH/AQA/DMT "Loads Shufyn™ E7W IwWayaia. Indonesa USA SERVICE Loadngtor BORZNA CAM/NFK/SAV/NOL OCEAN GOLD CAM/NFK/SAV/NOL HELENA PRIDE CAM^4FK^AV/NOL •Loads337 words
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Advertisement663 2002-02-28 29 ypsa m au m josa m rftf ItT* »im m7m rumtujt ti» «/bs H jB m m ml_ jssa m a u mm m —M-=IF gga -a—s%—wtgigs;; 5; IJjJJjJ SS fEL jf/M Bos rSi ~SM M/M ~S« lai as l_jjJJaJ PACBANBRA sn> M/BS M/BS 11/tS MttlUgtt UttHT M/H gg J®a663 words
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Advertisement388 2002-02-28 30 WEEKLY SEKVICE TO SOUTH AfWCA SOUTH AMERICA (It ALSO MCgT OH6O TO BO GUMDt s*o FMCSCO Msa*»rUJfl VMMOffIPnPB) Vwwl Vt—i I—i I Dwtw I /Wi P. RwfaA CHw iHi lihi f—— AaCaMaar AQOIS M I 11/03 I IMB 20/03 72/03 31/03 03/04 05/04 07/04 -rare m I m —Nte m388 words
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Advertisement699 2002-02-28 30 l»P/IWWWMfiW«t$-WW«Wg t -->■■ 1 YESSSL VOT Mi wa SOU MAM »TM Am wt YHUKYIKM JACK 21/02 Ql/D3 Li/02 2943 21/53 2S/03 23/03 ii m ,HBB M 1 W 188 I BB I M I is=H Acciphng corpo to ofl UK inland faMons. ITO: ~~T~I i vo> srrrrzr«» H» fcnp»«| f»699 words
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Advertisement469 2002-02-28 30 i BSA a. Mn|||SJB!nßVV99l|9||^H' MYANMA FIVE STAR UNE (Mynaar Nortwd Um) Uo«o| for YmfM Vtssa VOT SM M KM Nil ■ONGU «W SO CMNSMWKNMT S4W SO OUUTSU MORS: KWSIUO SMPPM AGBKKS KUL IB 03-*****300 PKL TE 03-*****101 ret TR 04-*****02 KU; TH 07-*****21/4 BANK UNE (A torvko tf Aatow W*469 words
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Page 33 Miscellaneous
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Miscellaneous129 2002-02-28 33 Jfiife MS^j«fc,- i LEGEND: Issued by Meteorological Service Singspore R Thunderstorm Showers m Ram Weatt» <Ufe Wind direction and speed in knots Cloudy Day r Hazv 0 Wind speed symbols ea Conditions O Full circle w/o line indicates calm or light and variable winds j j *1 2m 1 half129 words
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