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To: Bobby Yellin who wrote (36110)6/29/1999 10:04:00 AM
From: Ahda  Respond to of 116753
 
We got you on a roll tiger have a wonderful day. Thank you




To: Bobby Yellin who wrote (36110)6/29/1999 3:19:00 PM
From: Alex  Respond to of 116753
 
Gold imports in Asia surge, signal recovery - WGC

BANGKOK, June 29 - Gold imports in key Asian countries have surged in the first few months of this year, signalling some recovery in their economies, the World Gold Council (WGC) said on Tuesday.

Albert Cheng, WGC's Area Manager for Asia, told Reuters that in Singapore alone, gold bar imports in the first five months of this year rose 61 percent from the same period last year to 102.24 tonnes.

Singapore's gold coin imports during the same five-month period had also risen sharply by 36 percent year-on-year to 214 kg, he added.

"Singapore's import figure is important because the country is is a transhipment point to other countries in Southeast Asia such as Thailand, Indonesia, Vietnam, Laos and Myannar," Cheng said.

"I think and hope this is an initial sign that the economy is recovering," he said.

Gold bar imports by Hong Kong in the January-April period increased 25 percent from the corresponding period a year ago to 57.70 tonnes, he said.

Taiwan's gold bar imports during the first five months of 1999 surged 50 percent over the same year ago period to 23.07 tonnes.

In Japan, the figures available covered only imports in January and February. In the two months, gold bar imports rose 27 percent year on year to 22.4 tonnes, gold coins 20 percent to 600 kg and gold jewellery 14 percent to 2.4 tonnes.

yahoo.co.uk