IP: 2 interesting items from AP

[Dave Farber <farber () cis upenn edu>]

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March 25, 1998








Singapore May Allow Internet Trades




------------------------------------------------------------------------
A.P. INDEXES: TOP STORIES | NEWS | SPORTS | BUSINESS | TECHNOLOGY |
ENTERTAINMENT =20
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Filed at 8:30 a.m. EST










By The Associated Press






SINGAPORE (AP) -- Singapore's stock exchange is considering a world first:
allowing small investors to trade on the Internet, bypassing brokerage=
 firms.=20


Elsewhere, investors who trade on the Internet type in their orders and
send them to on-line brokerage services, which then execute the
transactions for a fee.=20


Singapore's largest newspaper, The Straits Times, quoted anonymous sources
Wednesday as saying the system will go into effect by the end of the year.=
=20


``The exchange's system will also enable investors to subscribe on-line for
initial public offering shares and rights issues,'' the paper said. The
Internet trades would be limited to 50,000 Singapore dollars (dlrs 31,250)
a day and would have to be executed immediately at prevailing market rates,
the paper reported.=20
.......
and


KUALA LUMPUR, Malaysia (AP) -- Malaysia introduced a new passport Monday
that it says is the first in the world to include an identity chip with
details on the person who holds it.=20


The chip, part of the security features of the passport, stores information
on the bearer, including fingerprints and photograph.=20


The chip was developed by a Malaysian company, Iris Technologies (M)=20


...=20