The Business Times, 10 August 2004
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2004-08-10
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The Business Times
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Title Section12 2004-08-10 1 THE BUSINESS TIMES MITA (P) 023/03/2004 internet SINGAPORE TUESDAY, AUGUST 10, 200412 words
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933 2004-08-10 1 Economists say Sars-induced low base distorting underlying growth [SINGAPORE] Singapore's economy may look set to sizzle this year, but government officials say it could be months before the full effects of recovery are felt on the ground.933 words
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966 2004-08-10 1 Nande Khin - People aren't spending as they used to: retailers By Nande Khin [SINGAPORE] Singapore's economic recovery seems to be well on track, but so far the upturn doesn't seem to have persuaded shoppers to dig deep into their pockets. Why are Singaporeans hesitant about spending? To966 words
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Article64 2004-08-10 1 Monday Change KLSE COMP 816.81 3.29 NIKKEI 225 10,908.70 -63.87 HANG SENG 12,467.41 -11.27 SET INDEX 607.47 447 JAKARTA COMP 750.04 3.89 MANILA COMP 1.578.21 M.36 TAIPEI WPI 5,399.45 HI.29 SEOl LCOMP 742.13 OUt SHENZHEN B _244.73 *1.26 AI 'ST ALL OKI) WW 19.40 BOMBAY INI) 5.233.21 *36.22 At64 words
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Article77 2004-08-10 1 FOREX RATES (Aug 6) us$ s$ I'SS (SS per IS$) 1.723 X(ISS/S$ per 5i) 1.825 3.145 KlRO(lJS$/S$/K). 1.206 2.079 YEN 111.6 MHO RM_ 3.800 2.205 HKS 7.799 4.520 BAHT 41.44 24.05 RI'PIAH 9.193 5.334 RDUm 8.277 4.8UCS INDIAN HB 46.46 26.96 AS 1.420 0.824 NZ$ 1.550 0.899 PRIME RATES77 words
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Article, Illustration36 2004-08-10 1 [SINGAPORE] Goh Chok Tongfacing the nation's citizens for the last time as prime minister on Singapore's 39th National Day. "My fellow Singaporeans, my heart is always with you." -PM Goh TERENCE TAN/STTERENCE TAN/ST - 36 words
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Advertisement73 2004-08-10 1 New cabinet line-up today INCOMING prime minister Lee Hsien Loong is expected to present his cabinet line-up to President SR Nathan at 10:30 this morning. At 10am, Prime Minister Goh Chok Tong will tender to the President his letter of resignation, and that of his cabinet. Gotcha! The Business Times'73 words
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742 2004-08-10 2 Chuang Peck Ming - Costs like wages, levies, transport and rents worry companies more By Chuang Peck Ming [SINGAPORE] The Singapore dollar has continued to slide against the greenback, which should be good news for businesses here. Still, not all companies are thrilled at the prospect742 words
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Article, Illustration797 2004-08-10 2 Kalpana Rashiwala - BT exclusive Retailer forecasts $20m fall-year pre-tax profit By Kalpana Rashiwala I&iJNUAruK^j t laKasnimaya Singapore, which operates Singapore's biggest department store in the island's prime shopping district of Orchard Road, is headed for a year of record profit, its managing director Shuichi TezukaFILE PHOTO - 797 words
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Article, Illustration393 2004-08-10 2 Research heads voice upbeat sentiments for the Singapore stock market There's been a lot of strength in numbers in many companies, so my hope is that the market mill accurately reflect this. In the event of any rallies, investors should be more discerning when it comes to393 words
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Advertisement209 2004-08-10 3 xH co^B K -^iMH I V^^asWaßl BHf i'v q*nSß—l IBbk: '4K"-! -*sqHjf jsallfe' f i&|| f a i 1 ■BHWilMfcii 1 IHi o 11 fcl I li ifl Hi A /MM Hs^|«^1 1 Ngil&rg) 88 :v I mM X h 9 I ul Lm IMm fly j| M^M HI HK209 words
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SINGAPORE companies
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648 2004-08-10 4 jean chua - HOCK lock siew jean chua CHINA-LINKED initial public offerings were supposed to be a boon to the Singapore market, but a quick look at the current prices of some stocks indicates that most of them are simply not delivering results. Among those which648 words
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457 2004-08-10 4 Vince Chong - All but 9 of 121 companies so far post stronger interim results By Vince Chong THERE'S good news for the Singapore market as the country celebrates its 39th birthday, with interim earnings of companies with December year-ends coming strongly off a low base last457 words
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Article821 2004-08-10 4 Interim results for the half year ended June 2004 COMPANY CURRENT PREVIOUS CHANGE CURRENT PREVIOUS CHANGE CURRENT PREVIOUS CHANGE CURRENT PREVIOUS CHANGE 1 HK Land 1346.76 -1329.04 nm 339.87 316.14 75 60.51 -59.72 nm 2.00 2.00 0.0 2 DBSGrp 1335.00 442.00 202.0 2819.00 2032.00 38.7 145.00 59.00821 words
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569 2004-08-10 4 Chen Huifen - With great difficulty, because 'tech stocks' cover a broad range of companies, says Chen Huifen Chen Huifen "TECHNOLOGY stocks" are probably the most confusing classification on the Singapore Exchange. With property, for instance, anything to do with development, construction or leasing569 words
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SMALL caps
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Article, Illustration728 2004-08-10 5 JOYCE KOH - While it makes mini cars, its ambitions are super-size, observes JOYCE KOH JOYCE KOH TO be the master of your own destiny, you must seek out new frontiers. And be it in cars or trains, high-end or mass market, Creative Master Bermuda aims to doCHRIS LOH - 728 words
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353 2004-08-10 5 Teh Hooi Ling - By Teh Hooi Ling OUR small capitalisation portfolio held steady despite the Rotary Engineering disaster. The stock was included last month based on several glowing reports put out by broking firms. But last week the counter plunged 32 per cent following rumours that Rotary353 words
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Advertisement279 2004-08-10 5 NOKIA Connecting People :t i.. ,i He. B The new Nokia 7610 with 1 megapixel camera. Sleek lines, provocative shape and slim body. But don't be fooled by its good looks. This is technology like II i| you've never seen it before. The 4x digital zoom lets you capture anything279 words
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FOCUS propert
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Article, Illustration700 2004-08-10 6 It expects the increase to be driven by its expansion to Thailand, and plans to enter new markets like India Bloomberg Capita Land Ltd, South-east Asia's biggest developer, said it expects investments outside Singapore to make up three-quarters of its earnings in two or threeBloomberg; FILE PHOTO - 700 words
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Article, Illustration344 2004-08-10 6 Vince Chong - By Vince Chong ALLGREEN Properties' smallish Cherry Gardens project in Lorong Lew Lian has got off to what property players are calling a good start since its launch on Saturday about 25 of the 48 units were sold as of yesterday afternoon. Cherry Gardens is344 words
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SINGAPORE news
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Article, Illustration549 2004-08-10 7 Chen Huifen - It's the best way for growth, says Australian entrepreneur By Chen Huifen BIOTECHNOLOGY firms in Asia are largely undervalued and they should turn to mergers and acquisitions for growth, said bio-entre-preneur Greg Collier of Australia's ChemGenex Pharmaceuticals. "Organic growth can be impossible in549 words
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526 2004-08-10 7 Jessica Cheam - Global Talk promises cheaper bat good IDD calls By Jessica Cheam ACTIONS speak louder than words for Mediaßing, which launched its first Voice-over Internet Protocol (VoIP) subscriptionbased international call service in Singapore on Thursday last week. The former dotcom made history when it526 words
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Article, Illustration109 2004-08-10 7 MERRILL Lynch (Singapore) CEO Martina Wong (middle, with tie) and 50 of her staff will swap city shoes for trainers come Oct 22 for The Bull Rim 2004. As of last week, the charity fun rim in the Central Business District had attracted close to $690,000109 words
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Article, Illustration550 2004-08-10 7 Daniel Buenas - Team up to expand in the region, urge consultants By Daniel Buenas AN interesting story about geese and chickens is sometimes told by businessmen to describe the way Japanese and Korean businesses expand overseas, compared with the way Singapore businesses do. AccordingARTHURLEE - 550 words
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Article357 2004-08-10 7 Tan Kok Tim Singapore - Tan Kok Tim Singapore THE authorities have called for bids to design and build a dam across the Marina Channel below the Benjamin Sheares Bridge, for flood control in the city area and to create a freshwater reservoir in the Kallang and Clifford basins. The357 words
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424 2004-08-10 7 Ragini Dhanwantray ACIS - MAIL bag Ragini Dhanwantray ACIS Managing Director Rikvin Consultancy Pte Ltd TO continue to foster Singapore as one of the world's best locations for business and to have an edge over countries such as Malaysia and Hong Kong, our government recently decided to change424 words
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71 2004-08-10 7 Leong Sze Hian Singapore - Leong Sze Hian Singapore I REFER to the report, "SMRT net profit almost trebles in Q1 to $20 million" (BT, July 31). In 2002, when SMRT raised fares, its profit increased 27 per cent. Last year, profit increased 24 per cent; and now, for the71 words
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BETTER business
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Article, Illustration940 2004-08-10 8 Chuang Peck Ming - Electronics giant believes concern for social issues helps explain its success. Chuang Peck Ming reports Chuang Peck Ming CONSUMERS' rights were once the fad and businesses were required to pay attention to them. At another time, the spotlight was on workers' welfare, which reminded employers940 words
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REGIONAL news
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461 2004-08-10 9 MANILA SingPower had shown interest in two failed biddings for assets last year Reuters AT least five groups have expressed keen interest in the privatisation of the Philippines' US$2 billion nationwide electricity transmission facilities, officials said on Sunday. "Based on the qualityReuters - 461 words
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453 2004-08-10 9 Pending approval, it will be country's first insurer to issue cards MALAYSIA'S largest local insurer, MAA Holdings, is set to become the country's first insurance player to issue credit cards, according to a report. The listed insurer is waiting for the nod from453 words
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226 2004-08-10 9 KUALA LUMPUR AP, Bloomberg A SURGE in manufacturing pushed Malaysia's industrial output 13.3 per cent higher in June compared to the same month last year, the government said yesterday. Malaysia's manufacturing and electricity sectors have maintained strong output, indicating robust economic activity that willAP,; Bloomberg - 226 words
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NOTE Book
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105 2004-08-10 9 Reuters [JAKARTA] An Indonesian court yesterday dismissed an appeal from presidential hopeful Wiranto against the July 5 election results, ending the ex-general's bid for the country's top job. Former military chief Wiranto appealed to the constitutional court last week, arguing that he lost more than 5.4Reuters - 105 words
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108 2004-08-10 9 Reuters [TAIPEI] Taiwan Semiconductor Manufacturing Co, the world's largest contract maker of microchips, posted a 31 per cent jump in July revenue to a record high for a fourth consecutive month as a consumer-driven boom showed no sign of ending. The solid resultReuters - 108 words
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99 2004-08-10 9 Reuters [JAKARTA] US oil major ConocoPhillips yesterday signed a 17-year, US$4.3 billion gas sales deal with Indonesia's PT Perusahaan Gas Negara (PGN) to supply gas starting in 2007, officials said. "The gas agreement has been signed between ConocoPhillips and PGN to supply 2.3Reuters - 99 words
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71 2004-08-10 9 Reuters [BEIJING] China plans to spend 14.6 billion yuan (Ss3 billion) to build the country's biggest oil pipeline, stretching 4,000 km from north-west Xinjiang to the northern province of Gansu, the People's Daily said yesterday. Work on the pipeline, which would carry crudeReuters - 71 words
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Article118 2004-08-10 9 Reuters [BEIJING] The copyright for China's first novel to be delivered by mobile phone text messaging, featuring an extra-marital love affair, has been sold by a Beijing-based wireless business operator, Xinhua news agency reported. The abbreviated, 4,200-character Outside the Fortress Besieged will be available inReuters - 118 words
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Article, Illustration690 2004-08-10 9 Al Labita - Lucio Tan and Henry Sy are fighting the Arroyo administration in court From Al Labita in Manila PHILIPPINE taipans Lucio Tan and Henry Sy were rumoured to be among the biggest fundraisers in the May presidential polls. But in a reversal ofAFP - 690 words
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Advertisement27 2004-08-10 9 in I _jjjl JgfeLr I ML Advertise in Wine, Dine Entertain of The Business Times and reach out to 100,000 readers daily. Contact Patrick Angat 6319 128427 words
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Advertisement44 2004-08-10 9 7ry our most popular Seafood Kway Teow Beef Kway Teow @$6.9o+++ Served with special black bean sauce Mon-Sun: Lunch from 1130 am onwards For reservations, Please call *****138 Call (65) 6343 0088 M, Fax: (65) 6343 0033 HOTEL 401, MacPherson Road, Windsor acta* I44 words
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Advertisement42 2004-08-10 9 1 M E RITUS MANDARIN SINGAPORE MULTI AWARD-WINNING MANDARIN CHICKEN RICE Come, savour Singapore's favourite dish and other delights anytime. Reservations: 6831 6291 Coffeehouse Ist floor MERITUS MANDARIN *»*»4 333 Orchard Road. Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361.42 words
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EDITORIAL & opinion
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Article, Illustration657 2004-08-10 10 shada islam - OPINION THE bottom line shada islam POLICYMAKERS across the 25-nation European Union are gearing up for a new era following the parliamentary confirmation of former Portuguese premier Jose Manuel Barroso as the next president of the European Commission The relatively little-known Barroso657 words
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Article92 2004-08-10 10 'I want China to be strong again. The purpose of that strength is not to be humiliated again.' -Lu Yunfei who runs Patriots Alliance Web, a Chinese nationalist website, on the Asian Cup soccer tournament, held this year in China. 'Anyone who is carrying things for the92 words
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Article645 2004-08-10 10 EDITORIAL IN AN effort to salvage the World Trade Organization (WTO) after the failure of talks last September in Cancun, Mexico, the 147-mem-ber organisation has recently approved the framework for a trade system that, if carried out, will increase global prosperity. The current Doha Round of trade645 words
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Article, Illustration1223 2004-08-10 10 Leon Hadar - Both conservatives and liberals have got it wrong, thinking a 'new movement' will sway voters in November From Leon Hadar in Washington THESE days, American comedians seem to be competing on late-night television shows to see who can get more laughs as they try toAP - 1,223 words
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Article734 2004-08-10 10 Howard W French - COMMENTARY There's no political baggage as Beijing scours the continent to meet China's huge oil needs By Howard W French NYT [BEIJING] A look of satisfaction played on the trade official's face as he reeled off statistics recently from a ministry report about China's boomingNYT - 734 words
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REGIONAL news
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Article, Illustration436 2004-08-10 11 BEIJING Wen Jiabao orders govt departments to continue to implement all macro-controls AFP CHINESE Premier Wen Jiabao has ordered further implementation of macro-eco-nomic controls and warned that any relaxation of efforts to cool the economy could see a fresh round of overheating, state pressAFP - 436 words
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Article, Illustration326 2004-08-10 11 TAIPEI AP SOME liken it to a giant bamboo shoot of glass and steel. The less charitable see an outsize stack of Chinese food containers. At 101 floors, Taipei's newest skyscraper is the world's tallest, and an ego boost for a people who feel snubbedAP - 326 words
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502 2004-08-10 11 MUMBAI Bloomberg TATA Consultancy Services Ltd will probably be added to stock benchmarks, including Morgan Stanley Capital International indexes, after an initial public offer valued it as India's fourth-biggest company by market value. Tata Consultancy raised 54.2 billion rupees (Ss2 billion)Bloomberg - 502 words
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376 2004-08-10 11 BEIJING Reuters, Bloomberg CHINA'S Cinda Asset Management Corp plans to auction off about 10 billion yuan (Ss2 billion) worth of bad assets this month from its old north-east industrial base to domestic and foreign investors, it said yesterday. The official XinhuaReuters,; Bloomberg - 376 words
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301 2004-08-10 11 Offshore financing centres like British Virgin Islands, Cayman, used as conduit BEIJING AFP [BEIJING] China's financial and securities watchdogs have launched a crackdown on the illegal flight of capital via offshore financing centres like the British Virgin Islands and Cayman Islands, state press reportedAFP - 301 words
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581 2004-08-10 11 BEIJING Party expels him for degenerate behaviour: daily Reuters THE man entrusted with building possibly the world's largest network of ringroads, around China's expanding capital Beijing, has been handed over for criminal investigation for taking huge bribes, state media said yesterday. BiReuters - 581 words
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Page 11 Advertisements
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Advertisement190 2004-08-10 11 "Nonces IN THE MATTER OF THE COMPANIES ACT (CAP. 50, 1994 ED) AND IN THE MATTER OF E-STATION PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50,1994 Ed), the Final Meeting of the members190 words
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Advertisement557 2004-08-10 11 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 PINE TECHNOLOGY PTE LTD (Members' \bluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that the Final General Meeting of the members of PINE TECHNOLOGY PTE LTD will be held557 words
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Advertisement667 2004-08-10 11 YAMAICHI INVESTMENT (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE TO CLAIMANTS NOTICE IS HEREBY GIVEN THAT as part of YAMAICHI INVESTMENT (SINGAPORE) PTE LTD ("the Company")'* efforts to wind down its activities in Singapore with a view to completion of liquidation, the daimonts and beneficiaries of certain unclaimed dividends667 words
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Advertisement356 2004-08-10 11 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No. 161 of 2004H In the Manor of the Companies Ad (Cap. 50) And In the Matter of ProJux International Pte Ltd (RC No. *****0352Z) ADVERTISEMENT OF PETITION Notice is hereby given that a Petition for the winding356 words
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WORLD news
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683 2004-08-10 12 Andrew Marks - Higher oil prices fewer jobs bearish market Dow seen sliding more till rising oil prices stop worrying investors From Andrew Marks in New York THE bear may not be back officially on Wall Street, but traders say the furry beast is sharpening its claws after a week in which the683 words
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Article, Illustration60 2004-08-10 12 [ATHENS, Greece] The ancient temple of the Parthenon on the Acropolis is reflected in the sunglasses ofa tourist on Sunday. Security concerns, high prices and a failure to link Greece's sea-and-sun image with the modern Olympics have pushed foreign arrivals down by 12% over lastREUTERS - 60 words
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410 2004-08-10 12 WASHINGTON Higher oil prices, weak hirings seen taking toll Bloomberg ECONOMISTS reduced their forecasts for US economic growth this quarter amid concerns record oil prices and meager job gains will sap consumers' ability to spend, according to a monthly Bloomberg News survey. TheBloomberg - 410 words
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Article, Illustration487 2004-08-10 12 Anthony Rowley - Japan may see a bank takeover battle for first time From Anthony Rowley in Tokyo THE unique prospect of a takeover battle for UFJ bank with shareholders rather than management or government officials deciding the outcome strengthened yesterday, when UFJ said it is "prudentlyREUTERS - 487 words
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369 2004-08-10 12 LATEST US DATA Bloomberg [WASHINGTON] Inventories at US wholesalers rose 1.1 per cent in June, greater than forecast, as sales failed to increase for the first time in more than a year, a government report showed. The June increase in inventories, which broughtBloomberg - 369 words
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Article, Illustration380 2004-08-10 12 JAKARTA AFP, Reuters THE Organisation of Petroleum Exporting Countries (Opec) may raise its production quotas to match current output levels in a measure to prevent further overheating in the oil market, the organisation's president Purnomo Yusgiantoro said here yesterday. Speaking daysAFP,; Reuters - 380 words
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WORLD Watch
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Article67 2004-08-10 12 AFP [LONDON] Britain's financial services watchdog yesterday gave the go-ahead for the first Islamic bank in Britain to open its doors. The Financial Services Authority's decision means that the Islamic Bank of Britain will be able to open its first branch in London nextAFP - 67 words
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77 2004-08-10 12 Reuters [SEOUL] South Korean chip maker Hynix Semiconductor Inc has won creditor approval to team up with top European rival STMicroelectronics to build a US$2 billion plant in China, to tap the country's US$3O billion semiconductor industry. "The deal would pave the way for HynixReuters - 77 words
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Article91 2004-08-10 12 AFP [PARIS] The French pharmaceutical group Sanofl-Synthelabo's takeover bid for its larger rival Aventis has succeeded according to preliminary results, France's Financial Market Authority said yesterday. Sanofi-Synthelabo was on course to obtain "89.84 per cent of shares and 89.88 per cent of the voting rights inAFP - 91 words
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Article53 2004-08-10 12 AFP [PARIS] French luxury products company Hermes reported yesterday that sales rose by 18.9 per cent in the second quarter from the equivalent figure last year to 306 million euros (*****.8 million). First-half sales rose by 16.7 per cent on the basis of constantAFP - 53 words
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91 2004-08-10 12 Reuters [LONDON] British bank Lloyds TSB will probably hire Deutsche Bank as an adviser this week as it monitors bidding for Abbey National, a source said on Sunday. Lloyds is keeping an eye on developments at Abbey, but has not changed its position sinceReuters - 91 words
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85 2004-08-10 12 AFP [SYDNEY] Australia's central bank gave its clearest warning in months that it will lift interest rates, saying the healthy domestic economy does not need further stimulation and predicting a slight but steady rise in inflation. The Reserve Bank of Australia said itAFP - 85 words
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94 2004-08-10 12 Reuters [LONDON] The cost of goods leaving British factories rose at its fastest pace in nearly nine years in July, suggesting underlying inflationary pressures are on the way up. Analysts reckon the Figures increased the likelihood of another interest rate hike next monthReuters - 94 words
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541 2004-08-10 13 SYDNEY Canberra is awaiting nod to open talks with UAE and Kuwait AFP AUSTRALIA is set to launch negotiations for a series of bilateral free-trade and investment agreements with Gulf countries similar to those already sealed with Singapore and Thailand, officials saidAFP - 541 words
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377 2004-08-10 13 NEW YORK Report: analysts at brokers made most optimistic forecasts Reuters INVESTMENT banks have been blamed unfairly for the hyping of many ill-fated dotcom companies during the Internet boom years but a new US$45O million programme aimed at improving stock research willReuters - 377 words
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Article, Illustration306 2004-08-10 13 Bloomberg [NEW YORK] Potential losses from a terrorist attack at Citigroup Inc's Citigroup Center in Manhattan may cost US$5.5 billion, one estimate shows, making it the most expensive of five targets cited in a US alert last week. Risk Management Solutions IncBloomberg; REUTERS - 306 words
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Article, Illustration665 2004-08-10 13 MEXICO CITY It's becoming Slim World given Carlos Slim's control of so many businesses AP LATIN America's richest man, Carlos Slim, owns so many companies that Mexico often seems like "Slim World" and the magnate's influence is so pervasive that it wiU probably endure, evenAP; BLOOMBERG PHOTO - 665 words
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Article, Illustration661 2004-08-10 13 He will get stock worth US$8.77m but will forfeit a big block of shares worth nearly US$66m ATLANTA NYT DOUG Daft, Coca-Cola's former top executive, will receive company stock worth about US$B.77 million when he retires. But he will forfeit a gigantic blockNYT - 661 words
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Page 13 Miscellaneous
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Miscellaneous233 2004-08-10 13 CRYPTIC CROSSWORD 28 Where a prisoner might finish, having done gun dealing supports view (7) YESTERDAY'S SOLUTION (7) 14 Serious about single bit of Across: 1 Fidel Castro, 9ln DOWN 30(11)6 drawn to rt keeping, 10 Heist, 11 Chorus, 1 Pays attention to legal rights, 16 Does a bird replace233 words
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Article1431 2004-08-10 14 SICOM FUTURES Auai RUBBER Futures (Closing prices) RSS1 (S cents/kg) Close Volume Open Month Htyh Low Sett (tonnes) Interest Sep 04 I 218.50 Oct 04 217.25 Nov 04 217.25 Dec 04 217.25 Jan/Mar 05 217.75 Apr/Jun 05 220.25 RSS 3 (IB cents/kg) Volume Open Month High Low Sett (tonnes)1,431 words
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Article4692 2004-08-10 14 Transaction date: Aug 9 HONG KONG Vol HK Exchanges a Clearing ..15.90 unch 2726 Hlg *1- '000 HKR Inf1 2.70 0.05 9803 Hong Kong Electric 33.60 0.10 824 Aeon Credit .4.98 -0.03 0 Hongkong Chinese 0.93 -0.01 150 Aeon Stores 6.80 unch 0 Hopewell Holdings 16.35 -0.05 6174,692 words
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Page 14 Advertisements
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Advertisement16 2004-08-10 14 Recruit from a wider audience Call 1800 289 8822 or email recruit@sph.com.sg for your recruitment solutions16 words
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FIGHTING terror
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Article, Illustration1554 2004-08-10 15 Douglas Frantz - Saudi Arabia's abrupt change of strategy follows violent attacks that threaten to throw the kingdom into turmoil, writes Douglas Frantz Douglas Frantz [RIYADH, Saudi Arabia] AFTER years of giving tacit support and backchannel financing to Islamic extremists, the Saudi government has joined forces with theREUTERS - 1,554 words
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Article2294 2004-08-10 15 Transaction date:Aug 9 KUALA LUMPUR 4 Vol GlomacBhd 3 37 unch 0 RM W- fOOO) Gold Bridge Engrg .0.34 -0.01 194 Golden Frontier .0.73 -0.01 6 'AIM Realty 130 0.08 7 Golden Hope Plant 3.38 unch 26 Abric .0.56 unch 24 Golden Pharos .0.46 -0.01 5 ACP Industries... 1X12,294 words
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Page 15 Advertisements
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FOCUS oil prices
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Article, Illustration804 2004-08-10 16 Vikram Khanna - A number of uncertainties surrounding the price hike have not been fully factored in, says a recent study. Vikram Khanna reports Vikram Khanna THE current high level of oil prices will lead to a global slowdown but this could turn out greater than economists nowSource: Bloomberg - 804 words
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Article, Illustration824 2004-08-10 16 Worrying if prices are US$42-US$50 for most of yean analysts AFP [SINGAPORE] Asia's economies have been able to withstand this year's surge in oil prices but the relentless climb is starting to take its toll and high growth rates are now inAFP - 824 words
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Article, Illustration948 2004-08-10 16 Though reserves look promising, the task is tough and costly: analysts NEWS analysis Reuters [SINGAPORE] Failure to find enough oil and gas onshore is pushing energythirsty Asia further out to sea in search of more black gold despite the higher risks. TheReuters; KEPPEL PELS FILE PHOTO - 948 words
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SHIPPING TIMES
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Article, Illustration519 2004-08-10 17 They say demand for container services expected to remain solid AFP [TOKYO] Japanese shipping lines said their sales and profits in the three months to June jumped as rising cargo volumes and freight rates, triggered by robust trade with China, offset higherAFP; FILE PHOTO - 519 words
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356 2004-08-10 17 Donald Urquhart - By Donald Urquhart [SINGAPORE] About 10 per cent of the world's port facilities still do not comply with the International Maritime Organisation's new security requirements over five weeks after they came into effect. The situation as it has been over the months356 words
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Article, Illustration50 2004-08-10 17 [ATHENS] A Greek special forces officer guards World Renaissan&tnrise ship docked at Piraeus port. Two cruise shipS, which will be used as floating hotels to host members of the Olympicfamily during the Athens2oo4 Olympic Games, arrived last week and more are expected in a few days. REUTERSREUTERS - 50 words
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264 2004-08-10 17 Bloomberg [HONG KONG] Xiamen Port Affairs Co, which runs China's seventh-largest container port, said a first time share sale is still in the discussion stage, denying a report that the company has filed a listing application with Hong Kong regulators. XiamenBloomberg - 264 words
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Article, Illustration478 2004-08-10 17 NYT [ROME] More than a dozen Africans died trying to reach Italy in a bro-ken-down and overcrowded boat, but more than 70 survivors were rescued by a passing freighter on Saturday and brought to Sicily early on Sunday,NYT; REUTERS - 478 words
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286 2004-08-10 17 Crippled pipeline to Turkey yet to resume pumping Reuters [DUBAI] Iraq is loading crude at a rate of two million barrels per day (bpd) from its vital Basra Oil Terminal (BOT) yesterday, a level last hit several months agoReuters - 286 words
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Article285 2004-08-10 17 SGX '000 Aug6 SS *1- Vol CH Offshore 0.3S -0.02 2726 ChuanHup 0.54 -0.01 760 Cosco Investment 0.86 -0.01 5412 CWT Distribution 0.53 0.05 469 Ezra Hldgs .0.94 unch 0 Freight Links .0.10 unch 51 Grand Banks Yacht 0.80 0.01 65 Jaya Holdings 0.89 -0.01 1495 Kf Venture285 words
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AVIATION news
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Article, Illustration897 2004-08-10 18 Kerstin Gehmlich - His surreal existence has inspired the latest Spielberg blockbuster but he is uncertain about his future plans By Kerstin Gehmlich Reuters [PARIS] ALFRED Merhan has lived quietly on a bench inside Paris' Charles de Gaulle airport for 16 years, his few belongingsReuters - 897 words
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Article108 2004-08-10 18 PAGE Austral AL 5 Bank Line 4 BSA 4 B'tang Mas 3 CMACGM 3 COSCO 3 China Shpg 4 Crocodile Line ....4 Delmas 4 Dongnama 3 Eukor 2 ECL 3 Foong Sun 4 Gemartrans 4 Hamburg Sud 3 Hangli 4 Heung-A 3 IRISL 5 Jesselton 5 Kyowa108 words
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Article8088 2004-08-10 21 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyaqe Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name NWiHL. 1T i: 10/09 28/09 Tasman 0 TASMAN ENDEAVOUR *****5 65-*****522 To ABIDJAN (ABJ) 2003 Cott D'lVOirt 14/09 03/10 Tasman 0 TASMAN MARINER *****68,088 words
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SHIPS IN PORT
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Article430 2004-08-10 23 Vessel Voy No Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ANABAS ***** E J16 A/SIDE 10/08 0600 CECSVENDBORG 9547 J14 A/SIDE 10/08 0600 WESTERDEICH 008W J17/18 A/SIDE 10/08 1100 BAYSWATER338 E4193 J3 10/08 1830 11/08 0230 BTMASITA AUG 11 J1 10/08 1100 10/08 2300 DIAN MLISA3 JB4801 J6 10/08430 words
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Article1784 2004-08-10 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACX HIBISCUS 095S 095S 1 12/*****4-23:59 13/*****4-11:00 ACX MAGNOLIA 080N 080N 1 10/08/2004-12:00 10/*****4-23:00 T04 ACX SAKURA 033S 033S 1 *****004-23:59 11/08/2004-09:59 B08 Al SHAOHAH S425W S425W 1 11 <*****4-13001,784 words
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Article137 2004-08-10 23 Aug 12 Thailand: Queen's Birthday. Aug 15 France: Assump Day. Belgium: Assump Day. India: Intjepen Day. S Korea: Libe Day. Aug 17 Indonesia: Independ Day. Aug 20 India: Parsi New Day. Ang 30 UK: Summer Bank Hoi. Aug 31 Malaysia: Nat Day. Philippines: Nat Heroes Day. Sep 0137 words
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Article782 2004-08-10 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 averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual782 words
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Article610 2004-08-10 23 Carbon 180 Max 975.5 0.2 15.2 0.03 15 O.OZ Jul 29 Density Water Residua AshAlumlntom Sediment No above E25 0 0 1 0 0 0 1 rrr, 380 Ave 988.0 0.2 15.0 0.04 19 0.02 l™ 380 Max 1013.5 0.7 17.9 0.07 55 0.06 KG/M'3 %V/V610 words
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AIR & LAND transport
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Article, Illustration532 2004-08-10 24 Airline reverses from loss to report net income of £70m for June quarter Bloomberg [LONDON] British Airways Pic, Europe's second-largest airline, plans to more than double the fuel surcharge on long-haul flights because of rising oil prices. The carrier reported net incomeBloomberg; BLOOMBERG FILE PHOTO - 532 words
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LOG Book
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88 2004-08-10 24 AFP [YANGON] Military-ruled Myanmar will launch a second international airline at the end of the year, which aims to greatly expand links throughout Asia and to Australia, the Myanmar Times said. Air Myanmar intends to debut with flights from Yangon to Sydney via SingaporeAFP - 88 words
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114 2004-08-10 24 AP [TAIPEI] Japanese customs officials began a four-day stint at Taiwan's international airport on Sunday in a move aimed at preventing terror suspects and illegal immigrants from flying to Japan, an official and news media reported on Sunday. The four officials began working at ChiangAP - 114 words
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68 2004-08-10 24 Reuters [HONG KONG] Hong Kong's main air cargo handler, Hong Kong Air Cargo Terminals Ltd (HACTL), said its freight volume rose 15.5 per cent in July from a year ago, fuelled by growing trade. HACTL, 25 per cent owned by Jardine Matheson Holdings andReuters - 68 words
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273 2004-08-10 24 Bernama [PENANG] Malaysia Airlines (MAS) is planning to have six new direct flights connecting Penang to China and India within the next five years to further enhance Penang's position as a tourism centre. Its managing director Ahmad Fuaad Dahlan said thisBernama - 273 words
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261 2004-08-10 24 AFP [SHANGHAI] China's Hainan Airlines Co, partly owned by Hungarian-born billionaire George Soros, said yesterday it was in negotiations to buy troubled Malev Hungarian Airlines. "Both sides are sitting down to discussions about cooperating together but it has not gone anyAFP - 261 words
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Article, Illustration420 2004-08-10 24 It will supply doors for three Airbus models Bloomberg [NEW DELHI] Hindustan Aeronautics Ltd, an Indian government-owned maker of aircraft and parts, said it won a 3.8 billion rupee (Ssl4l million) order to supply doors to Airbus SAS, the world's biggest commercial planeBloomberg; FILE PHOTO - 420 words
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302 2004-08-10 24 OLYMPICS SECURITY Xinhua [NICOSIA] Security has been stepped up in Cyprus' Larnaca Airport ahead of the Olympic Games in Athens, local press reported on Sunday. Larnaca international airport is one of several in the region that European security forces are keeping a close watchXinhua - 302 words
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Article159 2004-08-10 24 Reuters [ATHENS] A Greek man was arrested with a small gun in his possession at Athens's main airport on Sunday, but police said it did not threaten the security of the Olympics starting in five days. The 24-year-old shipyard worker was detained at Eleftherios VenizelosReuters - 159 words
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Article2143 2004-08-10 24 CITY RIGHT ETA FLIGHT ETO EK430 2005 n tlTltf I M73S2 2215 Froakfort AC9951 0630 W9765 1405 0F82 2215 IH9762 0630 S0326 1405 LH9T70 2300 S025 0630 BA7305 2255 S0229 2300 LH778 1555 U4381 2255 manga —soss—w» ouo j« KL837 1450 KL838 2255 *****7 1555 IH7792,143 words
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Page 17 Advertisements
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Advertisement15 2004-08-10 17 i HI TimFBITII < iw Hindustan Aeronautics wins 3.8b rupee Airbus contract 1 yV* "'V" t;15 words
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Advertisement53 2004-08-10 17 One-Stop Shipping Services International Ship Registrations Ship Classifications Radio Accounting Tuvalu, Mongolia, Panama, Quality, Safety, Security ServiCGS Belize and many more Surveys and Consultants Accounting Authority RSO6 I#ls International Ship Registries Pte Ltd l\V 10 Anson Road #25-15, International Plaza, Singapore *****3 |f|\ Tel: (65) 6226 3626 Fax: (65) 622753 words
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Page 18 Advertisements
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Advertisement623 2004-08-10 18 I IMPORT I NORTH AMERICA |l AUSTRALIA/NEW ZEALAND SUPER SHUTTLE EXPRESS (SSX) [AUSTRALIA ASIA EXPRESS (AAX) YtSStl *2! VISSIL I YOY ONE SYD Ml adl HI si PRC 00(1 02W30 31/07 1,/ M 0,1,1 API MEXICO 2SN 31/07 02/01 04/00 06/00 10/08 15/08 17/01 OOCI HAMBURG 04W31 06/00 22/00 24/00623 words
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Advertisement519 2004-08-10 18 Lines services represented by Members of the Registry of Accredited Shipping Agents, Vio!&y Singopore Shipping Association Members of the Singapore Logistics Association HH ULY UNE MALE 'VESSEL VOY ETA ETA ETA A P. KLANC SPOKE MALE Koto Teraju TRJOB7 07/08 17/08 Koto Teguh XTGI33 11/08 21/08 Maid Carrier 749 15/08519 words
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Page 19 Advertisements
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Advertisement801 2004-08-10 19 MOL Combines a range of shipping modes to ensure limely, reliable services covering major ports in Norm America, Europe, Japan, Asio, Africa Oceania. Aba acnpt htra-Arii Coyots to: For Schedules, BL Searches, and Container Tracking, visit on our Home Page: www.molsin.com.sa Weekly Containerised Service To: IT a iini Trj fx801 words
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Advertisement2323 2004-08-10 19 service s l ON EVERY THURSDAY Lj COSTAR SHIPPI'nG PTI ITD SS^ST*' SINGAPORE TO BANGKOK 3 DAYS L™'° IMb as ssr I Singapore to ho chi minh 4 days (OSIAII AGENCIES (IB) SON WD 111:07-*****44 fU: 07-*****70 VSI/VOY SGP HKG SHA OIN XIN DAI IKU MO XIA YTN CWN VSL/VOY2,323 words
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Page 20 Advertisements
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Advertisement1753 2004-08-10 20 IMAf WALLENIUS WILHELMSEN website: http://www.2wglobal.tom VOT RAMP LK MAO HOW MIA SAY »*l 0«F NYC HEW MO» TAPIOU AI4M 400Tmi 6.3 M I 06/08 11/09 16/09 13/09 14/09 TAMESIS AMI 6 3201ni MOM 15/08 09/09 11/09 25/09 26/09 01/10 29/09 03/10 22/09 TAMPA AMI 7 ***** ms 6.4 M 30/081,753 words
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Advertisement794 2004-08-10 20 BSA iL MYANMA FIVE STAR LINE (MyaMiar Notional Line) Loading for Yang on VCSSEI VOY SIN PKL PEN PGU PAGAN 332W 10/08 12/08 HPA-AN 320W SID SID IN MALAYSIA: BOUSTEAD SHIPPING AGENCIES KUL 03-*****300 PKL 03-317*6101 PEN; 04-*****02 MKKKKL accepting conventional ceo HKG SIN HKG SIN PGU PKL KUC SHINKEN794 words
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Page 21 Advertisements
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Advertisement553 2004-08-10 21 VISSEL VOY SIN PKL I KARACHI I PXB BAB DMM 81K I KHORRAMSHAHR IRAN KORDESTAN PCL 8041 17/08 18/08 25/08 28/08 29/08 06/09 09/09 12/09 IRAN SHAHRYAR PCL 8042 23/08 24/08 31/08 03/09 04/09 11/09 14/09 17/09 IRAN SATTARI PCL 8043 30/08 31/08 07/09 10/09 11/09 18/09 21/09 24/09 IRAN553 words
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Advertisement325 2004-08-10 21 UK CONTINENT SERVICE Loading for ANTONIS RTM/ATW/BMN/UK/NAN STARLY RTM/ATW/BMN/UK/NAN ARIELLA RDM/ATW/BMN/UK/NAN Loads Singapore. E7W Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for VTC STAR DBl/ABU/DOH/BRN/DMM/KWT RAVENNA DBl/ABU/DO H/BRN/DMM/KWT J FRIEND HDD/ADN/JDH/AQA •Loads Singapore, EVW. Malaysia, Indonesia USA SERVICE Loading for SAMOS DREAM CAM/NOL/NFK/SAV HANDY ROSELAND CAM/NOL/NFK/SAV 'Loads E7W. Malaysia, Indonesia F.E./S.E.A. SERVICES325 words
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Advertisement273 2004-08-10 21 _msti Sffll lift WU vissa S£QI UM JD JACMNDA 1272H iiZ9l 12/08 PAC lAIJ 112Z fiS/M 12/fll of 230 i ma. izm m/m ha mm sm um ls/m— lAMD* WW !_J/0I 13/01 iimum ISfIS 14/ M li/fll PAC lAMDA 12Z4M 14/ M 15/ M PACBAU 4128 16/08 19/01 jam s&izE273 words
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Advertisement18 2004-08-10 23 Protecting your rights? Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers now.18 words
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Page 23 Miscellaneous
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Miscellaneous127 2004-08-10 23 f REGIONAL WEATHER I Aug 2(^4 Issued by Meteorological Service Division,NEA LEGEND: 1 Thunderstorm Wind speed symbols V 7 Showers O Full circle w/o line indicates calm or light and variable winds p a j n One half fleche represents 5 knots Cloudy Day *One full fleche represents 10 knots127 words
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