NOL optimistic for 1999 returns
SINGAPORE'S Neptune Orient Lines (NOL) is reported to be confident
that rewards from the 1997 takeover of American President Lines
(APL) will be reaped from the beginning of 1999.
Cost savings from the acquisition are estimated to be worth around
US$160 million every year for NOL.
Reports state that NOL may sell its investments in the Philippines'
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