The Business Times, 18 September 2003
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2003-09-18
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The Business Times
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Title Section15 2003-09-18 1 MITA (P) 024/03/2003 85* THE BUSINESS TIMES SINGAPORE Internet http://business-times.asial com.sg THURSDAY. SEPTEMBER 18, 200315 words
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Article, Illustration639 2003-09-18 1 Chuang Peck Ming - Poor figures show S'pore not gaining from US recovery: economists By Chuang Peck Ming [SINGAPORE] Singapore's key non-oil domestic exports grew slower than expected in August, leading some economists to wonder if the rebound in US demand is being diverted to China. The latestSource: IE S'pore - 639 words
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Article73 2003-09-18 1 sn 1,602.75 (+18.27) ST INDEX FUTURES 1,607.00 (+18.00) SMSCI FUTURES 197.30 (+2.30) Wednesday Change KLSE COMP 747.00 +5.24 NIKKEI 225 _10.990.II +10=1.08 HANG SENG __l 1.140.05 +68.67 SET INDEX 558.70 10.13 JAKARTA COMP .585.91 +4.67 MANILA COMP ..1,***** +25.20 TAIPEI WPI 5,747.14 +47.88 SEOCLCOMP 766.59 +2.96 SHENZHEN B ____225.5673 words
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Article77 2003-09-18 1 FOREX RATES US$ S$ rs$ (S$ per US$) 1752 £|l S$/S$ per S)_ 1.589 2.783 EURO(TS$/S$/E). 1.118 1.958 YEN 116! 66.31) KM 3.800 2.169 HK$ 7.799 4.452 BAHT 4054 23.14 RI'PIAH 8.465 4,832 RENMINBI 8.299 4.738 INDIAN KlTEE 45.94 2ti.£i AS 1.513 0.864 NZ$ 1.714 0.978 PRIME RATES SINGAPORE*77 words
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Article, Illustration442 2003-09-18 1 Eddie Toh - Oil services group's shares up sixfold since May listing From Eddie Toh in Kuala Lumpur THE only son of Prime Min-ister-designate Abdullah Ahmad Badawi could have become RM3BB million richer overnight thanks to a mad scramble for shares in hisSource: Bloomberg - 442 words
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Article, Illustration75 2003-09-18 1 Give me a 'W'. THREE people in the forefront of the effort to help unemployed Singaporeans yesterday literally spelled out what the exercise involves. At the launch of the Workforce Development Agency yesterday, the trio —Acting Manpower Minister Ng Eng Hen, Prime Minister Goh and union chiefLim Boon Heng —putWONG KWAI CHOW/ST - 75 words
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632 2003-09-18 1 Loh Hui Yin - It could be Central Group's first overseas foray By Loh Hui Yin [SINGAPORE] Central Group, which operates Thailand's biggest department store chain, is emerging as a potential buyer of the retail operations of Robinson and Co. Together with Indonesia's632 words
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Page 1 Advertisements
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Advertisement10 2003-09-18 1 111! 8 ******1 *****4" Malaysia shifts focus away from FDI10 words
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Advertisement15 2003-09-18 1 L.U.C PRO ONE A look that spoils adventure f :> i.p «r I < v v 415 words
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Advertisement11 2003-09-18 1 DON'T CRY FOR CANCUN ANT HONr.L Vv L t■ Paqe 111 words
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Article, Illustration613 2003-09-18 2 Andrew Marks - Shot in the arm for investors as Fed says it will not prematurely tighten rates From Andrew Marks in New York AS expected, the Federal Reserve kept short-term interest rates unchanged at its meeting on Tuesday, but the stock market reactedAP - 613 words
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THE grapevine
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Article42 2003-09-18 2 DELEGATES returning from the collapsed World Trade Organization talks in Cancun. Mexico, may And this appropriate. They should have realised that Cancun comes from the original Mayan name for the site which is Kan Kun. meaning nest of vipers.42 words
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Article151 2003-09-18 2 UNITED Overseas Bank yesterday launched the Visa Infinite card —meant for the mega rich. You have to be exceedingly exclusive, and as the name implies, the holder is beyond such mundane matters as having a credit limit In Singapore and other countries where rules get151 words
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Article235 2003-09-18 2 Reuters 'The Federal Open Market Committee decided today to keep its target for the federal funds rate at 1 percent. The Committee continues to believe that an accommodative stance of monetary policy, coupled with robust underlying growth in productivity, is providing important ongoing support to economic activity.Reuters - 235 words
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Article, Illustration519 2003-09-18 2 Ven Sreeniwasan - He allegedly drew down money from forged accounts By Ven Sreeniwasan [SINGAPORE] Former Asia Pacific Breweries (APB) finance manager Chia Teck Leng faces 18 additional charges of allegedly drawing down some Ssll7 million from forged accounts he had set up with519 words
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Page 2 Advertisements
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Advertisement410 2003-09-18 2 Financial Reporting Developments 2003 Dates What Wednesday, 15 October 2003 Accounting standards in Singapore are now prescribed by the Friday, 14 November 2003 Companies Act and are known as Financial Reporting Standards (FRS). The change from the previous Statements of Accounting 9 00am to 12. spm s tan dard (SAS)410 words
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Advertisement85 2003-09-18 2 Incorporation services in all major jurisdictions Global network of offices Ready-made companies available Management and administration services China business registration Accounting and trade support services Virtual office solutions Personal and corporate bank introductions TO ARRANGE A FREE CONSULTATION CONTACT: Aidan Healy or Simonne Toh T:465 6535 3382 F:+********** E:singapore#ocra.com.sg 2485 words
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Page 3 Advertisements
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Advertisement62 2003-09-18 3 i -W iwiiTf If- r" I xjmT~_ *.v. i I 4. i Excellence runs in the family. Rarely does having a family save you money; the Airbus Family does. With the versatility and profitability of the A 320. the long-haul performance of the A330/A340 and the ground-breaking A3BO. passenger comfort,62 words
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SINGAPORE companies
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695 2003-09-18 4 A la Tan - Halim's 50 cents a share offer undervalues QAF stock, says GK Goh By A la Tan SPECULATION over who the likely buyer of the 35 Shop N Save outlets will be has been rife after major shareholder QAF Ltd disclosed695 words
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433 2003-09-18 4 Loh Hui Yin - MAS extends deadline to Sept 29 after request by casino operator By Loh Hui Yin CASINO operator NagaCorp will be appealing to the Monetary Authority of Singapore (MAS) to reconsider its listing now that the central bank has extended the appeal period. Hie433 words
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COMPANY Briefs
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Article82 2003-09-18 4 CYCLE ft OtrrtagB Ltd (CCL), a Singapore-based company that owns a third of Indonesia's biggest carmaker, said yesterday that it plana to sell an Australian distribution unit to Sooth Korea's Hyundai Motor Co for about AJ0 million (Sf 10.4 million). The sale is expected to be completed82 words
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Article49 2003-09-18 4 DARCO Water Technologies Limited said its subsidiary PV Vacuum Engineering Pte Ltd has been swarded a $1.9 million contract to construct an air quality management system for Seagate's new media factory in Woodlands. The contract is expected to be completed in the first half of neat year.49 words
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55 2003-09-18 4 has proposed to change its L j. C iivsQ r„. riLStKnEaSa auditors for KLW Wood Ltd and Inanhaus (S) Pte Ltd. Its resignation will take effect from the date of appointment of the new auditors. The pguposwl change is subject to shareholders' approval55 words
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Article, Illustration481 2003-09-18 4 Tang Weng Fai - By Tang Weng Fai THE share price of Chartered Semiconductor Manufacturing, the world's fourth largest custom wafer fab, soared as much as 10 per cent in heavy volume yesterday on talk that its parent, Singapore Technologies Pte Ltd, may be planningSource: Bloomberg - 481 words
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771 2003-09-18 4 r sivanithy - HOCK lock siew r sivanithy RISING stock prices do odd things to many people. Because all sorts of emotions start running wild (mainly greed and fear), disclosure standards are allowed to slide and normally rational individuals find themselves acting with irrational exuberance. Best771 words
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Article, Illustration396 2003-09-18 7 Kenneth Lim - Stock ends at 63¢ for a 137.7% premium, the highest this year By Kenneth Lim A-SONIC Aerospace made its main board trading debut yesterday with flying colours, zooming more than two times above its offer price of 26.5 cents a share to aSource: Bloomberg - 396 words
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Article, Illustration489 2003-09-18 7 Kenneth Lim - Latest to launch IPO is China Food Industries; KXD lodges prospectus By Kenneth Lim CHINA plays continued to drive the local initial public offering market yesterday with one new IPO and another company announcing its intention to list here. Singaporean-run China Food Industries (CFI),CHRIS LOH - 489 words
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419 2003-09-18 7 Wong Wei Kong - By Wong Wei Kong REMISIERS can now operate in teams and enter orders for each other's clients in a move by the Singapore Exchange to make it easier for them to diversify into non-trading activities like insurance sales and financial planning. The419 words
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Page 4 Advertisements
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Advertisement867 2003-09-18 4 Notices NOTICE OF ANNUAL GENERAL MEETING TAT SENG PACKAGING GROUP LTD. (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company win be held at 28 Senoko Drive, Singapore *****4 on 3 October 2003 at 10.00 a.m. to transact the following business867 words
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Advertisement355 2003-09-18 4 IN THE MATTER OF THE COMPANIES ACT CHAPTER SO AND IN THE MATTER OF COMANTRAD PRIVATE LIMITED (la Mcnbrn'Vatantary Liquidate) Al the hxtraordinary General Meeting of Comantrad Private Limited duly convened and held at No. 35 Jalan Pcmimpin. #08-00 Wedge Mount Building. Singapore *****6. on 28(h August 2003 the following355 words
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Advertisement94 2003-09-18 4 AJfyn/neari to trow about ea« <preak9Kf I *****555 through fee Economic Downturn! Take the CBQ test. Discover how YOUR BRAIN can ATTRACT OPPORTUNITIES and put into practice the strategies that cultivate this power everyday! Loam the secrets that are preventing you from: creating New Opportunities being Organized and Managing Your94 words
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Advertisement16 2003-09-18 4 GONE! Before vol. e\e-" Holding an auction? C i o 1 to 000 Notices aovert senvr16 words
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Page 5 Advertisements
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Advertisement447 2003-09-18 5 Wk ft JtSt Jfe. A| ISJ VvAlB W 1 1 l fcfc I /fr vTI ys J:< -^iPvl Sv ,S,v f |H l; v jl 'V< .in ;r:; •js3F; j|p 5 v?i Quite probably, your new E-Class knows more about your wife than you do. Do you know your wife's447 words
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SINGAPORE markets
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Article, Illustration305 2003-09-18 6 OTHER SINGAPORE INDICES Sep 17 VALUE CLOSE BTOa/OS 466.00 -1.00 WCiPt -*****.00 +146.00 BTlHeylU -*****.00 +47.00 NkSGEqaMw 438.75 +4.87 S6 Il«ct 176.05 +0.09 SG CmWMFIH 1370.55 +19.55 SGEVMMJPmp 394.09 +3.26 —SOTIf piro 197.19 +2.14 SMSOFMmw 197.30 +2.30 4 Sonic 207,730,000 Chart SomtCond 26c *****.000 Circuits Plus HWgs w 85,247.000 AEMfvertach305 words
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Article, Illustration277 2003-09-18 6 Ven Sreenivasan - HOT STOCK/ WARRANT By Ven Sreenivasan XPRESS Holdings has come a long way from its Internet-kiosk nightmare days. In the last couple of years, it has restructured and written off losses. Earlier this year, it received approval from the High Court for a277 words
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Article, Illustration773 2003-09-18 6 r. sivanithy - BT comment STOCKS r. sivanithy A MILD sense of panic infused afternoon trading yesterday when a news flash revealed a possible Sars outbreak in Hong Kong. But after a brief but sharp sell-off, normal service was quickly restored. Other than the Sars scare,773 words
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Article, Illustration599 2003-09-18 6 larry wee - BT comment CURRENCIES Yen advance falters below 116 yen per US$ amid reluctance to test BOJ larry wee THE US dollar recovered overnight even as the US Federal Reserve Board warned that US labour market conditions had softened, while theSource - 599 words
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Article27 2003-09-18 6 UNIT TRUSTS FUNDS LfOtNPtAiprtCM >l«Lrt I ll««pl «or i* ItinggM tanh trnrfy 01i»iiWitnBim»»)ruu—<;Sta«wr Mc LowtßMtatfunlMkiftNMhaitß High Rafc Matar Mora tubdivsan ol irtK Allw wfadMrianofunNKValMrtlHfctpat; N-A-WonO—lngPf. H—' MckSSO.»IS27 words
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Page 7 Advertisements
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Advertisement79 2003-09-18 7 ':'■**a' l§fe A y #f (arlsberq I Probably the best k 'oli C lusSK So «.jot on Hio ijuvn now vitni onjo\ <. orishoto oo:' ikj u>! Wlftl V OIM W Otld of hltMnk htV! N' INI fR N AllO NAI J *Sj <- Jl!r\ Pfl.iOt <^> X > \\lin\Mll^79 words
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EXECUTIVE suite
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Article, Illustration363 2003-09-18 8 Kalpana Rashiwala - It will offer talks, courses to public and those keen on real estate career By Kalpana Rashiwala KNIGHT Frank has set up a training centre to offer courses and talks to the public and those thinking of making a career switch to real estate.363 words
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Article131 2003-09-18 8 MICHAEL Koh has rejoined the Urban Redevelopment Authority after about a year with the Temasek group. A Temasek spokeswoman yesterday confirmed his departure. Mr Koh was director (special projects) at Temasek. He was among six people led by Khoo Teng Chye who moved to Temasek Holdings131 words
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Article, Illustration583 2003-09-18 8 Thien - GARDENER'S log By Thien TUCKED away on one side of our gar den is a forgotten shrub that has since grown into a small tree. And because it's in deep shadow cast by adjacent clumps of taller palms like the Rhapis (Lady's Palm) and SugarTHIEN - 583 words
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Page 8 Advertisements
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Advertisement500 2003-09-18 8 PRIME OFFICE SPACE Effective Sub-lease Rate \A|oWng Fast Heart of Raffles Place Flexible Sizes from If3oo1 f 300 28,000 sf Long Sub-lease Term Fitted Out or Bare Units Sole Marketing Agent Commercial 6531 8669 I—l 6531 8666 li if i if* JUV IMKUwiu RVCNQMpi O. British Virgin Islands Cayman islands500 words
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Advertisement371 2003-09-18 8 Captains of Industry Conference *28 29 October 2003 Suntec Singapore International Convention A Exhibition Centre I I Disruptive Innovation I I Opportunity Threat I H Harvard Professor Clayton Christensen propounds that Program Highlights H companies could do everything right listen to Disruptive Business Models and Innovations H H customers, invest371 words
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SINGAPORE news
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Article, Illustration480 2003-09-18 9 Chuang Peck Ming - PM announces SME training scheme, stresses lifetime employability By Chuang Peck Ming THE government will put aside another $320 million for training, including $40 million to kick off a scheme to boost the training of workers in small and medium enterprises.WONG KWAI CHOW/ST - 480 words
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Article, Illustration486 2003-09-18 9 Anna Teo - Gallup estimates resultant economic loss at $5b a year By Anna Teo MORE Singapore employees have become disenchanted at work in the past year, according to a survey. And the disaffection could cost the economy some $5 billion a year, it estimates. A good 17Source: The Gallup Organisaton - 486 words
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278 2003-09-18 9 COE premiums for passenger cars bounced back up to the $30,000-level yesterday after plunging a fortnight ago. Most significantly, Category A, which had fallen nearly $6,000 in the previous tender, rebounded almost equally to $30,629, or an increase of $5,618. The number of278 words
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237 2003-09-18 9 ANYONE who has ever made a bad investment decision before might appreciate the irony behind Channel i's decision to show its new personal investment programme. The Money Tree, just before the Fox network's Stupid Behaviour Caught on Tape. But Money Tree, a halfhour programme which237 words
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261 2003-09-18 9 Anna Teo - EYE on the economy labour By Anna Teo HIRING prospects may finally brighten towards the end of the year, it seems. A net 3 per cent more of employers plan on recruiting, than releasing, staff in the fourth quarter, according to a survey261 words
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184 2003-09-18 9 STARTING next January, government agencies will be "strongly encouraged" under a new policy to let contractors in government procurement contracts own the intellectual property (IP) developed in that contract Announcing the new policy yesterday at the launch of Global Franchising and Licensing 2003,184 words
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Article, Illustration1057 2003-09-18 9 Transaction date: Sep 17 ntTERBAMECEOSS KATES A$ C$ twfc two HK$ luils Hptofc Yw Won Ml P} Wib hw SS imi Sir IT$ 8a* Hm4 US$ Attdrala 0.906 5.485 0391 5.155 ***** 55.949 0.768 7.740 2312 1133 38.170 36.438 1158 4.944 1919 22.532 26.795 0.416 0.661 Canada 1104 6.0551,057 words
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Page 9 Advertisements
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Advertisement239 2003-09-18 9 PRIME RESIDENTIAL SITE \A Vtwwwj Area *****.8 sqm (Approx 191,036 sf) Tenure Freehold Planning Residential 2.1 PR Parameters (up to 24 storeys) O Tender 10/10/2003 Closing Friday 4.00pm Country Property Management Ptc Ltd 1* adrerttoe call tell free 18— m Mil /I—U: moticti9tfk.com. H IN THE MATTER OF THE COMPANIES239 words
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Advertisement117 2003-09-18 9 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND SOON CHOW WORKSHOP PRIVATE LIMITED (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN THAT pursuant to Section 308 of the Companies Act. Cap. 50. a final meeting of the Company will be held at I6A Penhas117 words
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Advertisement182 2003-09-18 9 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of QNfTY NETWORKS PTE LTD NOTICE OF CREDITORS' MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Cap. 50. a meeting of182 words
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EDITORIAL & opinion
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Article, Illustration819 2003-09-18 10 anthony rowley - Cancun is a watershed not a tragedy THE bottom line OPINION anthony rowley THE failure of the World Trade Organization's (WTO) Doha Round in Cancun is not the tragedy that those bent on rapid liberalisation of trade and investment regimes would have us believe. Rather, it presents an opportunity for819 words
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Article36 2003-09-18 10 'The tactics of our war on terrorism have created more innocent victims than the terrorists who attacked us.' George Soros the billionaire investor, to a forum at the US State Department in Washington.36 words
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Article699 2003-09-18 10 EDITORIAL AFTER six years of pump-priming that saw the Budget move from near-balance to a deficit of 5.4 per cent of GDP this year, the Malaysian government has reversed course. Last Friday's Budget plan surprised positively with its prudence. The run-up to the Budget announcement699 words
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Article, Illustration851 2003-09-18 10 Robert J Samuelson - Private employment has fallen by 3.3m since February 2001 and, right now, the prospects don't look very promising By Robert J Samuelson [WASHINGTON] If you're wondering what happened to the "great American job machine", so is everyone else. Since February 2001, private employmentREUTERS - 851 words
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106 2003-09-18 10 Denis Distant Singapore - Denis Distant Singapore I REFER to Robinson's plan to sell its businesses and investments and distribute the cash proceeds to shareholders. Such an exercise is rare and all the more so from a 150-year-old company. Yet despite the magnitude of the news, Robinson did106 words
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854 2003-09-18 10 Joseph Chong Thiam Fook - MAIL bag Joseph Chong Thiam Fook CEO New Independent Financial Advisers THE recently-announced 3 percentage points cut in CPF contributions has sparked considerable debate. Whether it is right, wrong or half-right, it is done and water under the bridge. It is crucial now that we854 words
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Page 11 Advertisements
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Advertisement88 2003-09-18 11 (Lj k i=xi is a registered trademark of Toyota Motor Corporation. BUILDING PERFECTION. II m t^« While our planet's history boasts a multitude of milestones in the conquest of science, adventure and the arts few stand tr.bute to the spirit of |£Z^ engineering excellence Indeed, even fewer can rival a88 words
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REGIONAL news
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Article, Illustration350 2003-09-18 12 SHANGHAI Sars has no impact on China's attractiveness to investors CHINA will remain the world's hottest destination for foreign direct investment this year, topping the US for the second year in a row, according to a survey by consulting firm A T KearneySource: AT - 350 words
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370 2003-09-18 12 Siow Li Sen - SINGAPORE Both economies follow similar trends, it says By Siow Li Sen SINGAPORE'S public spending is in stark contrast to Hong Kong's fiscal policy, said rating agency Standard Poor's yesterday in an update on Asia-Pa-cific countries. That difference aside, the economic fortunes of370 words
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196 2003-09-18 12 BEIJING Reuters Bloomberg CHINA'S fixed asset investment, watched closely for signs of economic overheating, was 30.7 per cent higher in August than a year earlier, easing slightly from the previous month, the government said yesterday. According to analysts, steps taken by the ChineseReuters; Bloomberg - 196 words
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245 2003-09-18 12 KUALA LUMPUR AFP MALAYSIA'S Sarawak state government has confirmed that tycoon Syed Mokhtar Al-Bukhary acquired a 60 per cent stake in the RM9 billion (Ss4.l billion) Bakun hydroelectric dam project in the east Malaysian state on Borneo island, a report said yesterday.AFP - 245 words
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NOTE Book
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80 2003-09-18 12 AFP fKUALA LUMPURJ The New York-based Business Week magazine has apologised to Prime Minister Mahathir Mohamad after he accused it of sending him a "threatening" letter, Malaysia's official Bernama news agency reported yesterday. Dr Mahathir said last week a corespondent for the magazine sent himAFP - 80 words
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Article56 2003-09-18 12 Reuters [JAKARTA] Indonesia has appointed Ariffi Nawawi as the new chief of state oil company Pertamina, Deputy Enterprise Minister Roes Aryawijaya said yesterday. Mr Ariffi, a former Pertamina downstream director, replaces Baihaki Hakim. No reason was given for Mr Baihaki's replacement, but the company is in theReuters - 56 words
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71 2003-09-18 12 Bloomberg [BEIJING] Goldman Sachs Group Inc, Merrill Lynch Co Inc, Credit Suisse First Boston and DBS Bank have all recently raised their 2003 economic growth forecasts for China as the nation's exports, investment and consumer spending surge. Goldman Sachs yesterday raised its growth estimate toBloomberg - 71 words
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707 2003-09-18 13 YUAN PEG ECB official, HSBC chief among those who say it is wrong time to float yuan Bloomberg AFP EUROPEAN Central Bank council member Ernst Welteke said China shouldn't make "abrupt" changes to its decade-old US dollar peg as the country's banks areBloomberg; AFP - 707 words
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Article, Illustration37 2003-09-18 13 —Joseph Stiglitz, former chief economist of the World Bank, who says US pressure on China to float its currency is a by-product ofWashington's fiscal and trade deficit REUTERSREUTERS - 37 words
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362 2003-09-18 13 But city unlikely to become offshore yuan trading centre Reuters (HONG KONG] Beijing may soon allow banks in Hong Kong to take yuan deposits, but it is unlikely to let the city become an offshore trading ground for China's non-convertibleReuters - 362 words
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475 2003-09-18 13 Move to ease upward pressure on yuan, keep out hot money Reuters [SHANGHAI/HONG KONG] China is curbing US dollar investment inflows through a scheme to let foreign players into its domestic markets, which sources said yesterday was the latest attempt to relieve upwardReuters - 475 words
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Article1564 2003-09-18 12 SICOM FUTURES Sep 17 HMQ Marts (Ctostog priccs) RSSKScMti/kQ) Close VoiMM Open M|h Lot Sett (t—rt ggg Oct 03 194.25 Nov 03 ***** Dec 03 194.25 Jan/Mar 04 ***** RSS 3 (USctntsAq) VoiMM OpM MwMi MR«k Lot Soft (tOMQS) lotorot Oct 03 moo moo 110.25 200 4925 Nov 031,564 words
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Page 12 Advertisements
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Advertisement18 2003-09-18 12 I I I sells 4m shares I I at I I Hn¥T f gZZEZL itC? I I wi18 words
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WORLD news
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507 2003-09-18 14 HONG KONG They expect bigger corporate profits, find regional stocks undervalued Reuters Bloomberg MOST Asia Pacific fund managers expect stronger economic growth and bigger corporate profits, and say regional stocks are undervalued, according to a Merrill Lynch monthly survey. Eighty-two per cent ofReuters; Bloomberg - 507 words
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349 2003-09-18 14 NEW YORK NYT WHEN it comes to selling shares in its own mutual funds, Morgan Stanley knows how to move the merchandise: Toss the sales staff tickets to a Britney Spears concert and throw in gift certificates to spas, restaurants, golf courses and departmentNYT - 349 words
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Article, Illustration287 2003-09-18 14 LATEST US DATA AP [WASHINGTON] Housing construction declined by 3.8 per cent in August as higher mortgage rates made builders cautious about breaking ground on new projects. However, the level of building activity was still considered fairly robust. The Commerce Department reportedAP; AFP - 287 words
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318 2003-09-18 14 LONDON Reuters Bloomberg HSBC, the world's secondlargest bank by market value, has begun to shed corporate finance and other investment banking staff as part of a restructuring. In the corporate finance and advisory area, HSBC will cut 30 staff, sources close toReuters; Bloomberg - 318 words
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238 2003-09-18 14 NEW YORK NYT A FORMER broker at Bank of America (BoA) was charged with larceny and securities fraud on Tuesday for helping a hedge fund engage in after-hours trading of mutual fund shares. The broker, Theodore C Sihpol, is the first to faceNYT - 238 words
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277 2003-09-18 15 WASHINGTON US watchdog probes possible violation of securities laws by the company Reuters THE US Securities and Exchange Commission on Tuesday asked a federal judge to require that Vivendi Universal place severance payments to be made to former chief executiveReuters - 277 words
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175 2003-09-18 15 AMSTERDAM Bloomberg ROYAL Ahold NV, the Dutch owner of Stop Shop supermarkets, said chief executive Anders Moberg will give up a guaranteed bonus worth as much as three million euros (555.9 million) after shoppers in the Netherlands boycotted the company's stores in protest againstBloomberg - 175 words
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Article818 2003-09-18 14 Transaction date: Sep 17 »m hi i a— ommft w m a— an» Mgraai» 0 38 0.9*0 -0015 NatSted 50c 0 46 2.3*0 *0 020 CAC (Mi 5-000 *0.0*0 OOC 571 ***** *OK» CapitaLand 1.14 1370 *0010 out 051 6*50 *0100 Chart SamaCond 26c 137 1450 *0120 Parkway H818 words
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Article591 2003-09-18 14 BONDS WARRANTS T«l lat M Cam bar a* Ciiiii Ml —r- f088| 8H« Wto N u> 3698 AST1W*****1 195 -1 385 1 16 9 1.67 9 3697 Acm*LtdW*****6 1 1 SO 386 10.50 14 3602 Amtek W*****0 106 1 208 1 33 131 21 3(03 Armstrong WM0520 S 1 3066591 words
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Article13 2003-09-18 15 Transaction date: Sep 17 for live prices, log on to wwwjomaorternarketsjcom13 words
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Article73 2003-09-18 15 H* M laM M Day IMQ—H GrtNo Ohr CrtW M Ka I— a* film Ml w- pw> m* I— Sdhr cw m tJ 9600 89 6065 Pinondl U587W 2000 7700 3750 2700 6095 15 DJ US Tech U***** 6097 l5M505po«* US555 •270 1200 6101 ISMF500 U*****rt *50 B1K73 words
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Article1867 2003-09-18 15 n-Wk M UN M Day f«Q—« GftM» ON GrTM MM WtCm U» Celt Cmmmi Sate W- rwi I—I I— tmrm i+m Cm W lii 24 75 5000 ABRHIdgs5c 205 40.5 1294 21 20 20 20.5 *5 45 15 7101 APO.I5C 42 5ct> 7522 43 41.5 42 42.5 211,867 words
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Article336 2003-09-18 15 U4ft M LMt V«l toy liq—i 6fM» Dhf CffM MM MCap WlllCl* Cl«H«y M» W- rwi> W# U» —yr I— CV Wt 1U II 6000 AVJemng»A2Sc A159 *3 121 159 1S7 159 160 40 IS 63 6 342.2 6001 Cathay P* 20c...— MK720 265 2.1 74 6 *****.2336 words
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Page 15 Miscellaneous
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Miscellaneous256 2003-09-18 15 tfWFI'IC CROSSWORD 1 Saturday never comes with- LgJ 6 Backing favourites with 9 Fruit porter very 12 Knight came back only for 28 Smile over a bit of com (5) 29 An old sea-dog's wit (4) 30 A charge concealed by fid- place just outside London bility (4) dling preset256 words
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BizIT
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Article, Illustration659 2003-09-18 16 Raju Challam - BT exclusive It is looking for opportunities in Asian companies that have novel niches such as Wi-Fi roaming, billing, settlements, voice and location-based services From Raju Challam in Hong Kong IF you're running a Singa-pore-based high-tech start-up with a unique idea or a new659 words
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233 2003-09-18 16 Bloomberg [TOKYO] Worldwide sales of equipment to make semiconductors fell in July, an industry group said, signalling that chipmakers are yet to increase spending. Computer-chip equipment sales dropped 7 per cent in July from the same month a year earlier to US$2 billion, theBloomberg - 233 words
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417 2003-09-18 16 But its spread is lagging in the developing world, says UN report Reuters [GENEVA] Broadband technology offering fast and cheap access to the Internet is booming in richer countries but slow to spread in the developing world, according to a United Nations report issuedReuters - 417 words
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293 2003-09-18 16 Tang Weng Fai - By Tang Weng Fai THE local semiconductor industry has been given a boost with the launch yesterday of Singapore's first dedicated incubator specifically for start-ups in integrated circuit (IC) design. The initiative, dubbed I Co mm unity and hosted at the Nanyang293 words
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Article, Illustration370 2003-09-18 16 He calls for greater innovation to increase security Reuters [SANTA CLARA, California] Likening the threat of computer viruses to bank robbers in the Old West, Microsoft Corp chief executive Steve Ballmer on Monday called for a redoubling of innovation to keep the spreadReuters - 370 words
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194 2003-09-18 16 Bloomberg [TOKYO] Toshiba Corp, Japan's biggest notebook-comput-er maker, will start next month selling notebook personal computers installed with Microsoft Corp software that enables sound recording and management of handwritten documents. Toshiba expects to ship four million of the notebook PCs, which workBloomberg - 194 words
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Advertisement180 2003-09-18 16 j' j Diners Club Credit Card 6416 0980 Where to wine, dine and entertain... privfleges Tnats You may now enjoy two exquisite dian xin set lunch menus either at Si Chuan Dou Hua Restaurant, Plaza Paikroyal or Top of UOB Plaza. You won't be disappointed by our chefs specialties such180 words
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Advertisement58 2003-09-18 16 1 modish indian dining B Savour authentic Indian cuisine by the Waterfront. Gourmet Set Lunch 12 noon to 2.30pm Ss2o per person Dinner 6.00pm 11.00pm Vegetarian/non-vegetarian menus available Make your dining reservations with us at: Tel: (65) 6345 4466 Fax: (65) 6344 5344 Unit 01-04 Stadium Waterfront Singapore Indoor Stadium58 words
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Advertisement29 2003-09-18 16 The power to reach 100,000 readers daily. i* l M -s <- \ihfl!|vc [II i 111-. I M IK' I. 1111 rt .i 111 111 I In' |!||N||||'NS linr v29 words
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Advertisement31 2003-09-18 16 Heart to Harp Catch them as they wow the crowd at the Discovery Pub. If s Happy Hours from 3pm to Bpm weekdays and all day weekends when ifs 20% off31 words
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Advertisement37 2003-09-18 16 MERITUS MANDARIN SINGAPORE MULTI AWARD-WINNING MANDARIN CHICKEN RICE Come, savour Singapore's favourite dish and other delights anytime. Reservations: *****291 Caffeek**** fU(t MERITUS MANDARIN tltlt 333 Orchard Road, Singapore *****7. "W: +65 6737 4411. Fax: +65 6732 2361.37 words
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SHIPPING TIMES
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Article266 2003-09-18 17 Reuters THE Baltic Dry Index rose 14 points to 2393, the Baltic Capes ize Index rose 18 points to 3465, the Baltic Panamax Index rose 23 points to 2174 and the Baltic Handymax Index rose 12 points to *****. TIHE-CHAVIUb Chloe (built 1997) *****9 dwt delivery Malta 25/30Reuters - 266 words
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Article271 2003-09-18 17 SGX '000 Sapi7 ss w- yi CWT Distribution .057 0.01 397 ChuanHup .055 0.08 S6307 CHOHshore .0.47 0.02 ***** Cosco Investment 050 unch ***** FrcMit Links .0.08 0.01 1590 G8 Holdings .0.73 -0.01 43 JayaHokhngs 071 -a03 5289 KcppdCorp 5J5 0.15 1473 K1 Venture— —0-23 0.01 1936 KeppetTeie271 words
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Article, Illustration694 2003-09-18 17 Beth Jinks - Move may help lure customers back to PSA's Aden terminal after terrorist attack last year By Beth Jinks [SINGAPORE] A hardfought reduction in war risk surcharges applied to Yemeni ports could see PSA Corporation salvage some of its Middle Eastern business andFILE PHOTO - 694 words
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Article, Illustration493 2003-09-18 17 Beth Jinks - By Beth Jinks [SINGAPORE] The first ship in Singapore's fleet achieved compliance with the new strict International Ship and Port Facility Security (ISPS) Code yesterday 10 months ahead of the looming International Maritime Organisation's (IMO) July 2004 deadline. The Singapore-flagged containership MV Jurong Bebaru,493 words
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394 2003-09-18 17 Bloomberg [OSLO] Tsakos Energy Navigation, a Greek owner of medium-sized oil tankers, plans to shed its remaining four single-hull vessels by the first quarter as customers favour double-skinned units and new laws limit trading. The ships, three so-called Aframax crude-oil tankers andBloomberg - 394 words
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358 2003-09-18 17 Bloomberg (SEOUL] Daewoo Shipbuilding Marine Engineering Co, the world's sec-ond-largest shipbuilder, said four liquefied natural gas (LNG) vessels it was building were damaged during the strongest typhoon to hit South Korea in a century. The ships drifted to the breakwater near its dockyard inBloomberg - 358 words
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Article, Illustration965 2003-09-18 18 David Hughes - NEWBUILDS By David Hughes THE appetite of the big container shipping lines for new tonnage seems almost insatiable and remaining building slots for large tonnage before 2006 are getting scarce. Theoretically this should mean something of a slowdown in orders soon and, probably, also anFILE PHOTO - 965 words
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SHIPS IN PORT
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Article451 2003-09-18 23 ¥•»«< Voy Wo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL JIAHEGUAN Y0305 J16 A/SIDE 18/09 2000 KING GLORY 2309 J22 A/SIDE 18/09 1800 MARCOPOLO 22 01/03J J13 A/SIDE 18/09 0630 SANDIDEWA14 135 J8 A/SIDE 18/09 0630 TIRTASARI 61/03 J10 A/SIDE 18/09 1800 BAYSWATER118 E3215 J2 18/09 1730 18/09 2359451 words
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Article138 2003-09-18 23 Sep 23 Japan: Autumnal Equinox Day. Sep 24 Brunei: Lailat al Mi'raj. Indonesia: Lailat al Mi'raj. Sep 28 Taiwan: Teachers Day. Oct 1 China: National Day. Hongkong: Nat Day. Oct 2 China: Nat Day Hoi. Oct 3 Germany: German Unity Day. South Korea: Nat Found Day. Oct 4138 words
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Article805 2003-09-18 23 THIS report, compiled by Cockett Marine 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 average sized stem Market movements are indicated. The Cockett Bunker Price Index change and the805 words
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Article513 2003-09-18 23 C«r6on 180 Mu 994.8 0.3 14.1 0.07 30 0.06 Sh n Density Water Residue AshAtumliihMi *> «bo»e £25 1 0 0 0 0 0 1 TTT 380 Ave 964.9 02 12.8 0.05 34 0.02 On. 380 MM 992.6 0.5 15.8 0.12 172 0.05 tt/W3 »/V M/M513 words
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AIR & LAND transport
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Article, Illustration549 2003-09-18 24 Pacific Blue's entry is set to intensify fierce price war in a crowded airspace AFP [AUCKLAND] Virgin Airlines unveiled its latest budget carrier yesterday, Pacific Blue, intensifying a fierce price dogfight on routes over the Tasman Sea and to key South Pacific destinations. Australian-based VirginAFP - 549 words
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Article, Illustration283 2003-09-18 24 AVIATION EXPO Reuters [BEIJING] China will buy more than 1,900 aircraft by 2020 as the country's booming economy transforms it into the world's third-big-gest aviation market, the China Daily said yesterday. In a separate forecast, US aviation giant Boeing CoReuters; AP - 283 words
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222 2003-09-18 24 Bloomberg [AMSTERDAM] Air France, Europe's second-biggest airline, and KLM Royal Dutch Airlines, Europe's fourth, said they still need to resolve "critical points" before reaching an agreement on an alliance. "These negotiations are at em advanced stage," KLM said in an e-mailedBloomberg - 222 words
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245 2003-09-18 24 Bloomberg [BANGKOK) Thai Airways International, the nation's biggest carrier, said it will add flights to new cities in India, China and Laos to meet rising demand from tourists. Flights to Chennai in southern India, Guilin in south China and Luang Prabang, the ancientBloomberg - 245 words
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Article139 2003-09-18 24 Xinhua [BEIJING] A restructured Air China Group aims to become the top airline in Asia and the world by 2010, its president Li Jiaxiang was quoted by as saying. Mr Li told China Daily that his company will co-op-erate more with domestic andXinhua - 139 words
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423 2003-09-18 24 It plans to boost purchases in China to US$5b by 2005 Bloomberg [BEIJING] General Electric Co, the world's biggest jetengine maker, said it is confident of winning a US$25O million order to supply Air China, the nation's largest international carrier, withBloomberg - 423 words
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Article372 2003-09-18 24 AIRLINE COOES AA Amenan Artnes (AAL) Af* Fience (AfR) At Ar Me (AK). AY Ftrm Oy (HH) Al AtUa Artnes lAZA) BA Bnusti Ainays Pubtc Lid Co (BAW) BE Bmir Bmgtuesn Artnes (BBC) Bl Roy* Bmnt Artnes Stti Bhd (RBA) BO Borne Artnes (BOU) BP EVAMweysCajm(EVA)372 words
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Page 17 Advertisements
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Advertisement8 2003-09-18 17 r- Virgin unveils trans-Tasman budget carrier back pace8 words
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Advertisement676 2003-09-18 18 asm— IMPORT NORTH AMERICA 11 1 1 AUSTRALIA/NEW ZEALAND SUPER SHUTTLE EXPRESS (BSBQ [AUSTRALIA ASIA EXPWEBS (AAX) «ssa I VOT I 161 m m vtssa Ivorl iwi I $tp Im. I aw. m Iswlwc" PtO NEDUOYD STUYVESANT IIW3S 03/00 21/09 23/09 HO NIDUOTD AOOJUM MM OMIT 00/00 10/09 12/00 10/09676 words
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Advertisement435 2003-09-18 18 Lines services represented by Members of the Registry of f'jls&F-y Accredited Shipping Agents, Singapore Shipping Association Members of the Singapore Logistics Association ULY UNI MALI MfKSB VOY ETA in ETA R KiANG SPOKE MALI Mold Star 542 A 23/09 25/09 04/10 Empress Uly 0503 03/10 05/10 14/10 Maid Carrier 742435 words
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Advertisement996 2003-09-18 19 TO USA (SAX SERVICE) Ivissa vot Iswro |ui|om|mi|ho« low cot mm m. ntc_ AWSCOIUND HOI 24/09 10/10 13/10 J4/]0 14/10 14/jO —14/10 14/10 IZZIi UMuitasm "HiT oi/w u/io 20/10 _21/io__2j/io_ JlZiQ_ JlZli- JlZlj—vm— api swam oioi 00/io 23/10 JTZio, JiZIQ- JIZIS- JiZli- JIZ!0- JBIii—JIZII —IIZIL. AW HOtUMO HOC IS/10 30/10996 words
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Advertisement1938 2003-09-18 19 f "wiiim on mm hm SHMAPOM TO BUCK SU YU FOtT UT OMMJKMMQ 19 MR ncnßmin «MS GEMMAI AfiiMTS M SMMAFOM M tOMMSOM 10 412-M MB/MS TB; t*****57/41 ML- *****121/24 I •MftMMMIMI M KMC COSTAR SHIWINfi Ml LTD SMAKUMMW OUTWMOM/U MNSN) mjisms/;S I CQRSIMTU WNMRU) Z3MTS I «"•«> ■MMS9/0I *****71,938 words
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Advertisement445 2003-09-18 20 nei mi AO BMQUIMES/SOOKINOS: #*****44 FAX: (33(7433 K-MAJL: MmuM*linu.oom.a( ■ufl UCLIVIMW DOCUMKWTATIOMS/OMMTKMM: (*****37 FAX: (39(0177 I NUMB CMRIM IMB Rftl COHTAHO SUVKi TO WIST AfIKA mi BR Off VfSSA VOT SMGAfOU POtT KILANG UHAVIt DAKAR MJUJI CONAUY Baraiiii frsw ——HTH HTH m WT? wra httt 317W 74/04 30/W 157]0 77/10445 words
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Advertisement558 2003-09-18 20 W\ WAN HAI LINES X TEL *****588 FAX; *****163 INTRODUCING:- NIW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TO: JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For mora detail*, call HOTLINE: *****588/1800-*****00 MORTRANS SHIPPING AOINCIII tsT 29 INT'L BUSINESS PARK #05-05 ACER BUILDING558 words
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Advertisement538 2003-09-18 20 BSfl a MYANMA ■H FIVE STAR UNE (MjnMMr NatttMl Um) vissa VOT SM Pll P« PGU PAGAN 304W SU> HPA-AN M7W SU IN MALAYSIA: OOUSTEAO SHIPPING AM HOES MIL 03-*****900 Kl: 02-317*4101 nt 04-*****02 BANK LINE (A Mfrtct el kmkm WWr SUpplng) 1 NOtTHtOUWP TO IUHOyTI V COHUUNH, ROM, MMIHUVYUFTS538 words
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Page 21 Advertisements
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Advertisement1104 2003-09-18 21 Ivtssit VOY KMH HKO I SIN I PKI I DX» I »*l OMM MX CAW PtlO PCI MO5 SAHiD DXI) 19/09 (JKT) 22/09 31/09 30/09 01/10 08/10 10/10 ■AN ISFAHAN Kl 331 30/09 01/10 04/10 OS/10 12/10 13/10 19/10 21/10 KAN HORMOZOAN PCI 332 07/10 00/10 11/10 12/10 19/10 20/101,104 words
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Advertisement520 2003-09-18 21 UK CONTINENT SERVICE Loading tor THOR LOTUS RTMMTW/BMNAJK/NAN ARCHIMEDES RTM/ATW/BMN/UK/NAN Loado EJN. Mmym Indonem MIDDLE-EAST SERVICE Loading tor PANORMOS PRIDE DBI/ABU/DOH/BRN/DMM/KWT REGINA V HDD/JDH/AQA FIVOS DBI/ABU/DOH/BRN/DM M/KWT •Load# Singapore, E7W. Mataym. WonwH USA SERVICE Loading tor GIORGOS CAM/NFK/SAV/NOL NENA J VCW/LAX/M2L •Loads E7W. Matoyaa. Indoneaia F.E./S.EJL SERVICES S pore Loading520 words
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Advertisement629 2003-09-18 21 ygsa sbi m m jassa m an m Htumi loan 11/ a litt !U1 I4ZB lkrn Nt IMM U2SH IiZB »/W rif MU 1111 11/1! M/M mms !4M_ nil mm um— PACIAHPA IM7W 1 y/W 11/ a 1811 UM 17/ a nrni UM iizn m— paciaima loati a/a li/oo ■^■^HUiHiIIIUISISIiIIHHHHI629 words
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Page 23 Miscellaneous
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Miscellaneous122 2003-09-18 23 I REGIONAL WEATHER FOR 7AM 18 Sep 2003 Issued by Meteorological Service Division,NEA LEGEND: Thunderstorm Wind speed symbols 'z 7 Showers Full circle w/o line indicates calm or light and variable winds R a j n -One half fleche represents 5 knots Cloudy Day One full fleche represents 10 knots122 words
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