The Business Times, 19 May 1998

Microfilm: NL21187
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 110/12/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, MAY 19, 1998
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  • Article
    MARKET SUMMARY
    65 1 □m UH.74 (-30.29) □it-® MBJ3 (-15.86) nnoaip M 1420.71 (-35.12) riiTMOA U«8J» (-17.55) STOCK MARKET INDICES Monday Chaofle KLSE COMP 649J9 HL8 NIKKEI IW84.47 ♦141.11 HANG SENO MI1J7 IM.42 8CT INDEX X711 -1122 JAKARTA COMP —JftJt -17.02 MANILA COMP -lit TAIPEI WPI 8,1)181 >«73 SEOUL COMP 269.00 +6.68
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  • Article
    FINANCE
    71 1 FMEZXAnB uss ss USJ 1.669 £(US$/S$ per 1.117 1882 DM 1.7* 0.929 YEN ISM tUT MS tm 9.431 HKS 7.749 0214 BAHT 3920 0042 HUHAU 124*00 1.912* 'Stto lOOunits PUKE BATES SINGAPORE* 7.79 KUALA LUMPUR 11.50 JAKARTA 2&M BANGKOK 14.71 MANILA HONGKONG 10.26 TA1PH 8J0 SYDNEY 8.46 TOKYO 2.60
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  • Article, Illustration
    Army rejects Speaker's call for Suharto to quit
    1021 1  -  President says he will make a statement today abont calls to resign By i Greg Earl, Keith Loveard in Jakarta INDONESIA'S leadership struggle entered a new crisis last night with the country's powerful military rejecting an earlier unexpected call by the leadership
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  • Article
    Rupiah's plunge to 12,700 unnerves regional markets
    470 1  -  By I S N Vasuki, Ven Sreenivasan [SINGAPORE] The fate of regional currencies and stock markets was sealed yesterday when the Indonesian rupiah plunged headlong to 12,700 against the greenback when trading resumed, down some 16 per cent from indicative rates of 10,700
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  • Article, Illustration
    Lock icon Spurt in interbank rates sparks talk of S'pore prime rate hike
    384 1  -  Key three-month rate hits 8.75%, its highest since Feb By\ Siow Li Sen [SINGAPORE] The benchmark three-month interbank rate rose to a high of 8.75 per cent yesterday, the highest level since February, triggering off yet more speculation that
    Source: Bloomberg  -  384 words
  • Article
    MTI sticks to 2.5-4.5% growth forecast for S'pore economy
    652 1  -  Bnt growth expected to slow farther after 5.6% rise in Q1 By< Anna Teo [SINGAPORE] The Ministry of Trade Industry yesterday said it is sticking to its forecast of 2.5-4.5 per cent growth for the year for now, but qualified that
    652 words
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      125 1 uiside Hm Property Orinn Should exec condos be treated as private or public properties? Lee Han Shih shares his views, P|4 BOTtakai«w The Bank of Thailand yesterday took management control of seven capital-starved finance companies, striking a severe blow to their shareholders by ordering the firms to write down capital
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      33 1 Harmoko's statement: Full text, Pg 6 S'pore banks urged to detail Indon exposure, Pg 17 NOKIA It's amazing what Nokia phones can do these days. t'Vtewgf vy For instance. this one disappears. m
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      11 1 CommwitaryM time of tentative numbers, Pg 2 Other reports, Pg 2
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  • FIRST QUARTER ECONOMIC SURVEY
    • Article
      Manufacturing up 6% in Q1 but still under pressure
      408 2  -  Weak S$ underpins powtk, economists nj! inventory problems a drag By, Annette Pau SLOWER domestic growth, regional economic woes, and inventory pressures may moderate the growth of the manufacturing sector this year despite its healthy 6.1 pa- cent first quarter growth,
      408 words
    • Article
      A record 7,000 retrenched in Q1
      296 2 SOME 7,000 workers were retrenched in the first quarter, exceeding the previous quarterly high of 6,717 recorded during the last recession in 1965, a survey of private firms shows. Already, the number of jobs axed in the first three months is 71 per cent
      296 words
    • Article, Illustration
      A time of tentative numbers
      656 2  -  COMMBHTARY Economic outlook Is uncertain, but there are some bright spots By Vikram Khanna UW HE regional crisis has f I 1 begun to bite," said Peter I Ong, Deputy Secretary of I the Ministry of Trade and -A- Industry, at yesterday's briefing on Singapore's
      656 words
    • Article, Illustration
      Lock icon Manufacturers cautious about next 6 months
      350 2  -  Commerce and services sectors pessimistic By. Annette Pau BUSINESS sentiment was weak in the first quarter, with manufacturers cautious about prospects in the six months to September, and those in the commerce and services sectors plain pessimistic. A net weighted balance of 2 per
      Source: MTI  -  350 words
    • Article, Illustration
      Lock icon Construction posts 11% growth but momentum tapering
      303 2  -  By\ Diana Oon CONSTRUCTION was the only sector to post double-digit growth in the first quarter, up 11 per cent over the same period in 1997, thanks to work from residential and civil engineering projects started in recent years. Growth momentum for the
      FILE PHOTO  -  303 words
    • Article
      Financial services growth slows sharply to 5.5%
      468 2  -  By Wong Wei Kong DRAGGED down by the slowdown in regional financing and less volatile foreign exchange markets, growth in the financial services subsector moderated sharply to 5.5 per cent in the first quarter, from 13 per cent in the preceding quarter and
      468 words
    • Article
      Asian crisis hits Japan harder than US,EU
      228 2 COMPARED to the US and Europe, Japan has been relatively more affected by the Asian economic crisis because it has a higher trade, investment and lending exposure to the region. In an overview of the world economy in the firstquarter economic survey of
      228 words
    • SURVEY Snippets
      • Article
        air cargo volumes down %
        84 2 air cargo volumes down REFLECTING an increase in the number of empty containers, total sea cargo tonnage contracted by 2J per cent in the first quarter. The volume of air carfo handled Ml about as much. The communications sub-sector, though, remained a bright spot, supported mainly by continued strong growth
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      • Article
        Hotel company down 11 points 71%
        73 2 RESTAURANTS and hotels saw a sharper 8 per cent dip in output in the first quarter, reflecting the 10 per cent plunge in visitor arrlvab in the period. Hotel occupancy j? averaged 71 per cent, down by 11 points from a year ago. Retail
        73 words
      • Article
        Private consumption grows 5.4%
        71 2 PRIVATE consumption grew a healthy 5.4 per cent in Ql, but moetofthe growth came from residents'overseas •pending. Local spending by visitors, on the other hand, shrank Total domeetic demand roee by 7 per cent, largely from public and private capital inveetmenta. External demand grew a slower
        71 words
      • Article
        Composite landing indicator downm 2.7%
        57 2 THE Composite leading indicator, which points ahoad about three quartar*, fell for a second straight quarter, dipping 2.7 per cent Ofthe nine components in the Index, seven dectlnad Only money supply and wholesale price changes in manufactured goods rose. On a monthly basis, the indicator
        57 words
      • Article
        Non-oil imports rise only 1.9%
        52 2 NON-OIL imports, a leading indicator of manufacturing activity, roee a marginal ljg per cent in the first quarter, down sharply from the 16 per cent and &3 per cent increases in the third and fburth quarters 0f1907. Overall imports were do mi by one per
        52 words
      • Article
        Current account surplus digs on
        53 2 SINGAPORE'S current account surptns dipped to $US billian in the first quarter. T*e services balance turned negative, reflecting the exposure of services exports to the region, but thsgoodebahposbic i end. IT>s capital and financial accounts ahowed a substantial net outflow ofbankftmds of* billion after five
        53 words
      • Article
        Consumer price index up 1.2%
        52 2 INFLATION this year should come in at the km end of the flbrecaot 2-16 per cent range, MTI deputy eecretary Peter Ong said yesterday. With weaker consumer smtlmant ami down mi <1 price prfeeiusa the i ctainai price Index rose a modest LI par cent
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon S'pore companies' debt ratio at 0.31 is healthy: Statistics Dept
      432 3  -  Their financial leverage is similar to those in Canada bnt lower than US firms' By I Siow Li Sen SINGAPORE companies have healthy debt ratios which is good news given the current tight liquidity and high interest rate scenarios. According
      Source: Statistics Singapore Newsletter  -  432 words
    • Article
      TAS tells M1 to stop issuing HK telco's SIM cards
      440 3  -  Reports by 1 Teh Hooi Ling THE Telecommunication Authority of Singapore (TAS) has instructed Singapore's second mobile phone operator, Mobile One (Ml), to stop issuing Hongkong Telecom CSL's Subscriber Identification Module (SIM) cards to its subscribers who want the roaming
      440 words
    • Article, Illustration
      Lock icon New look for Lianhe Zaobao
      263 3 SINGAPORE's main Chineselanguage daily Lianhe Zaobao hits the newstands with a new look from today in an effort to appeal to younger readers. The new format was launched last night by the newspaper's publisher, Singapore Press Holdings. Chew Keng Juea, SPH group general manager for
      AZIZ HUSSIN/ST  -  263 words
    • Article, Illustration
      Lock icon SingTel Mobile undecided on CDMA network plans
      510 3 It will upgrade existing GSM networks meanwhile SINGTEL Mobile is still undecided if it will introduce a Code Division Multiple Access (CDMA) mobile phone network and if it does, when, said its chief executive officer, Lung Chien Ping. A decision will be made
      FILE PHOTO  -  510 words
    • Article
      Industry grouping for telecoms, IT formed
      156 3 AN INDUSTRY grouping has been formed to represent the views of the Singapore private sector in telecommunications, information technology and electronic commerce on the regional stage. The Singapore National Committee for Pacific Economic Cooperation (Sincpec) telecommunications and information industry task force was formed on
      156 words
    • Article, Illustration
      Lock icon KepLand to cut prices of Palm Gardens units
      367 3  -  Developer also throwing in deferred payment scheme By. Abdul Hadhi IN A bid to jumps tart sales at its 694-unit Palm Gardens project in Choa Chu Kang, Keppel Land is dropping prices to as low as $480 per sq ft (psf) and
      FILE PHOTO  -  367 words
    • Article
      Early Aug 3 start to ERP on CTE
      185 3 ELECTRONIC road-pricing (ERP) gantries along the Central Expressway (CTE) will be operational from Aug 3, a month ahead of schedule. The Land Transport Authority (LTA) said this was to "phase in" the system, first implemented on the East Coast Parkway on April
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      148 3 f mm w—mmmm 4. Mm tyycT> '3- -^SSgrifflM M I WSM fee■ I With the right financial resources behind you With IFS, you'll be surprised just how far you can spread your wings. That's because we understand what a growing business needs to take flight. When it comes to doing
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  • FOCUS: PROPERTY
    • Article, Illustration
      Exec condos riddle
      790 4  -  THB PROPERTY COLUMN Should ECs be treated as private or public housing? By Lee Han Shih IT IS rare to find the Urban Redevelopment Authority (URA) disagreeing with its political masters. But the statutory board is giving the impression of doing so on executive condominiums (ECs). The
      790 words
    • Article
      Caveats lodged in Q1 for private homes fell 52%
      544 4  -  80% ofBBs caveats were for condos and apartments By i Ong Choon Fah The writer is executive director of Edmund Tie Co [SINGAPORE] The private residential market slowed in the first quarter of this year due to both seasonal factors, and
      544 words
    • Article
      Under the hammer
      964 4 Property auctions coming up KNIGHT FRANK Thursday, May 21 (11am) at Grand Plaza Hotel, Ballroom 1 Residential: 20A Jin Labu Mams land with single-sty building, 12,096 sq ft/FH** a 08-04 Bayshore Park. 50 Bayshore Rd apt 2 brms, 996 sq ft/99 yrs wef 1962** a 10-10 Hitaew
      964 words
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      163 4 For Sale Lease Freehold 7-Storey Warehouse Off MacPherson Road ■t Ideal for corporate HQ Jpj Land area: 30,000 sq ft Aft i i Tolal GFA: 74,000 sq ft j»S£ Ample basement carpark Ceiling height 4.5/9 m Fir loading 10/20 KN/sqm All units .awfully air-conditioned For more information, contact Joint Marketing
      163 words
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      188 4 For Sale Standard JTC Factories 2 adjoining units at l\ias Total land area: 259,000 sq ft Tenure: 30 30 years wef 1983 Can be sold separately or together Food centre and bus stop nearby Plot 1 Floor Area: 36,400 sq ft With excess land for future expansion Plot 2 Floor
      188 words
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  • INDONESIA IN TURMOIL
    • Article
      Banks may have to write off much of US$80b debt
      461 5  -  This could cause severe credit cranch in South-east Asia, bankers say By\ Shoeb Kagda (SINGAPORE] Banks with exposure to the country may now be forced to write off a large portion of their loans portfolio, causing a severe credit crunch
      461 words
    • Article
      Lock icon Commodities market gripped by fear after riots
      472 5 Traders see no sign of situation improving soon Reuters [JAKARTA] Indonesia's commodities market yesterday was gripped by fears sparked by last week's riots and traders said they see no signs of things improving soon. "I have reports more foreign ships have arrived in
      Reuters  -  472 words
    • Article, Illustration
      Lock icon Japan, S Korea, Taiwan, India ready to evacuate nationals
      346 5 Bloomberg, AFP [TOKYO] Japan will dispatch two military aircraft to Singapore to stand by as Japanese citizens are evacuated from Indonesia amid escalating riots, said Chief Cabinet Secretary Kanezo Muraoka yesterday. The two aircraft will be used if necessary in the
      Bloomberg,; AFP  -  346 words
    • Article
      Lock icon S Korea sets up task force to minimise impact of crisis
      322 5 Bloomberg [SEOUL] South Korea established an emergency task force yesterday to help minimise fallout from the crisis in Indonesia, the country's main source of natural gas. Korean financial institutions have a total of US$4.4 billion (557.3 billion) of loans
      Bloomberg  -  322 words
    • Article
      Lock icon Open military coup against Suharto unlikely: expert
      334 5 Bridge News [SYDNEY] Ail open military coup against Indonesia's President Suharto is unlikely because rivalry between the country's top generals will make cooperation in the armed forces difficult, according to a prominent Australian Indonesia expert. Harold Crouch, a senior fellow of the Research
      Bridge News  -  334 words
    • Article, Illustration
      Lock icon Harmoko's statement
      195 5 Indonesian Parliamentary Speaker Harmoko's statement yesterday in which he called on President Suharto to resign 6 Parliament leaders, In a meeting today, thoroughly and carefully studied developments in the nation and the situation which deals with the aspiration of society regarding reforms, including the convening of a general
      REUTERS  -  195 words
    • Article
      Lock icon Thousands rush to banks to take out cash
      267 5 AFP [JAKARTA] Thousands of people braved long lines at Indonesian commercial banks yesterday as banks reopened for the first day of business since violence wracked Jakarta last week. Close to 1,000 people formed lines behind six automatic teller machines (ATM) at the
      AFP  -  267 words
    • Article
      Lock icon No Suharto asylum request: Clinton
      306 5 US president urges Indon army to exercise restraint AFP Bloomberg [LONDON] US President Bill Clinton, while saying that there had been no request for Washington to grant asylum to Indonesian President Suharto should he step down, also urged the country's military to exercise restraint amid
      AFP; Bloomberg  -  306 words
    • Article
      Lock icon Riots could cost retail stores above 1t rupiah
      203 5 Reuters [JAKARTA] Riot damage could cost Indonesian retail stores around 600 billion rupiah (5576.8 million) in direct losses and potentially more than one trillion rupiah in lost business, a retail association has said. The Jakarta Post yesterday quoted Kustarjono Prodjolalito of the
      Reuters  -  203 words
    • Article
      Lock icon M'sian daily blames Suharto for unrest
      194 5 AFP [KUALA LUMPUR] The Malaysian media, in a rare criticism of Indonesia, yesterday blamed President Suharto for civil strife which has caused hundreds of people to be killed and thousands to flee. The Utasan Malaysia, an influential Malay daily, in an editorial entitled "Suharto,
      AFP  -  194 words
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  • MARKETS IN TURMOIL
    • Article
      BOT takes over at 7 Thai finance firms, orders capital writedown
      655 6  -  Shareholders made to bear cost of writedown firm* to raise fresh capital Reports by Harish Mehta in Bangkok USING its vast powers, the Bank of Thailand yesterday took management control of seven capital-starved finance companies, striking a severe blow
      655 words
    • Article
      Small Thai bank Nakornthon seeks Singapore partner
      299 6 THAILAND'S third-smallest commercial bank, Nakornthon Bank, is turning to Singapore banks in its search for a strategic and investment partner. Nakornthon Bank said yesterday that its chief executive officer, Vorawee Wanglee, will visit Singapore this week in connection with his bank's search for
      299 words
    • Article
      Lock icon Foreigners can buy M'sian property above RM250,000
      233 6 But relaxation applies only to certain projects Bernama [KUALA LUMPUR] The Foreign Investment Committee (FIC) confirmed yesterday that foreign interests are now allowed to buy all types of houses, shop houses, commercial and office spaces priced above 250,000 Malaysian ringgit (*****,625) per unit.
      Bernama  -  233 words
    • Article, Illustration
      Lock icon Chuan urges fund managers to invest in Thailand
      515 6  -  From Loh Hui Yin in Hongkong THAI Prime Minister Chuan Leekpai has made a strong pitch for fund managers to consider investing in his country now that it is taking tough measures to put its house in order. "I recognise that votes
      AFP  -  515 words
    • Article, Illustration
      Lock icon Fears of yen crash grow as it falls near to year-low
      568 6  -  Taiwan unit's slide add to concern over impact on Asia From< Anthony Rowley in Tokyo THE yen renewed its slide yesterday and came close to its 1998 low of 135.45 to the dollar after the weekend G-8 summit meeting
      REUTERS  -  568 words
    • Article
      Philippine interest rates hit 9-month low, T-bill yields fall
      464 6  -  Fall in yields reflects return to confidence, says central banker From. Al Labita in Manila PHILIPPINE banks' interest rates yesterday dropped to a nine-month low of 17.8 per cent, defying the currency market jitters sparked by the Indonesian crisis. The central
      464 words
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      134 words
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      29 7 (Number of Americans who choose to drive a new Cadillac every year) Nov; you can drive the top selling luxury marque in the USA Status has a new symbol.
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  • REGION
    • Article, Illustration
      Lock icon HK jobless rate shoots to 14-year high of 3.9% in April
      561 8  -  Unemployment likely to remain high until regional economies improve: officials From Loh Hui Yin in Hongkong HONGKONG'S unemployment rate shot to 3.9 per cent last month, a 14-year high, with government officials predicting it would remain high until economic
      REUTERS  -  561 words
    • Article, Illustration
      Lock icon Zhu vows to help laid-off workers
      376 8 BEIJING Reuters CHINA'S Prime Minister Zhu Rongji has vowed to help millions of workers laid off from loss-making state firms find new jobs, saying their re-em-ployment was crucial to social stability and economic reforms going ahead. "Ensuring basic living standards and the reemployment of
      Reuters; FILE PHOTO  -  376 words
    • Article
      Lock icon US official in China for WTO talks
      259 8 BEIJING Reuters US Assistant Deputy Trade Representative Robert Cassidy yesterday began talks with his Chinese counterparts on a range of issues including China's accession to the World Trade Organisation. China's bid to join the global trading system is likely to figure on the
      Reuters  -  259 words
    • Article
      Lock icon Tung's popularity slumps to its lowest level: poll
      357 8 HONGKONG HE people also losing confidence in the economy Reuters HONGKONG residents are gradually losing confidence in their leader, Beijing-back-ed Tung Chee-hwa, and in their battered economy, an opinion poll showed yesterday. Mr Tung's popularity rating this month fell to 71 per
      Reuters  -  357 words
    • Article
      Lock icon Estrada to keep central bank chief
      354 8 MANILA Reuters THE Philippine business community can breath a sigh of relief after presidential front-runner Joseph Estrada announced yesterday that he will keep Gabriel Singson as central bank governor, analysts said. Mr Singson staying means "continuity, especially on the part of monetary policy," said
      Reuters  -  354 words
    • Article
      Lock icon China to ensure loans for foreign firms
      286 8 BEIJING AFP, Reuters CHINA will ensure bank credit for foreign-funded firms as part of a drive to woo foreign investment amid the Asian financial crisis, Foreign Trade Minister Shi Guansheng was quoted yesterday as saying. "We should give necessary credit support to foreignfUnded
      AFP,; Reuters  -  286 words
    • Article
      Lock icon Ex-Seoul economic supremos summoned, face arrest
      227 10 fl SEOUL AFP i SOUTH KflMfl two former economic supremos were called into cam yesterday, facing arreef on charges of dereliction of duty in handling the coiirye economic debacle. A croeaeatatttation was under way at the Seoul District Coart to hear the testimony of
      AFP  -  227 words
    • Article, Illustration
      Lock icon India rushing approvals for foreign investments
      441 10  -  Mm appears to be a Ud to counter US economic sanctions after nuclear tests From Rajendra Bajpai in New Delhi INDIAN Prime Minister Atal Bihari Vajpayee's coalition government is rushing through approvals for foreign investment projects, including those from the United States, apparently in
      AFP  -  441 words
    • Article
      Lock icon India engaged in deception, accuses US
      219 10 WASHINGTON AFP [WASHINGTON] The White House on Sunday said India had engaged in deception as it conducted a surreptitious nuclear weapons programme and carried out five successfill explosions last week that took the world by surprise. "I think (there has been) on the part
      AFP  -  219 words
    • Article, Illustration
      Lock icon Misinformed investors blamed for Aussie $'s fall to 11-yr low
      433 10 SYDNEY Canberra tries to distance nation from turmoil in Asia Bloomberg AUSTRALIAN Prime Minister John Howard and Treasury Secretary Ted Evans tried to distance the country from the political and economic turmoil that has shaken Asia, blaming the slide in
      Bloomberg  -  433 words
    • Article
      Lock icon Australia risks lagging Asia: study
      221 10 SYDNEY AFP AUSTRALIA risks being reduced to an economic al-so-ran over the next three decades after Asia recovers from its current financial troubles, a major new study warned yesterday. It said most Asian economies should resume normal growth in one or two years, provided they
      AFP  -  221 words
    • Article
      Lock icon Surge in Japanese firms going bust
      465 10 Bankruptcies op 21% in April; panting to sagging real economy Reuters [TOKYOJ The number of corporate bankruptcies in Japan soared in April, although total debts held by firms which went bust in the month sagged sharply, a private credit research firm reported yesterday. Tokyo
      Reuters  -  465 words
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      197 8 BUSiaESS-Vo//rr.s- IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KOMICS KREATIONS PTE LTD (In Members" Voluntary Vending Up) NOTICE OF FINAL MEETING NOTICE hereby given that pursuant to Section 308 of the Companies Act Cap. 50 the Final Meeting of Members of the Company
      197 words
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      236 8 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TAIGUR TRADING PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the Company held at Jl. Guntur No. 32 Jakarta, Indonesia on 15 May 1998. the following SPECIAL RESOLUTION was
      236 words
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      7 8 Run a special feature on your Anniversary
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      5 8 WTO talks open, Pg 12
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      36 9 I 100 I (Number of songs that have immortalized Cadillac) i//< Nov/ you can drive the American legend that has been immortalized in song more than any other car m toi. Status lias a new symh^i
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      301 10 rum *j| Transport rSTwi, Logistics Industry j|[ here poised for w active growth 1 v- devalued :"I r fc push trade I export up. I ~Hi tall as a tower of strength and stability despite the turmoil of the Asian rll 1- ■■I ■T1 wirT%ncy cnsis* The upside of the
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      34 11 f I 1 I (Number of things that four American presidents could agree upon) Nov; you can share something in common with the most powerful man in the v/oricl Status has a new symbol.
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  • THE WORLD
    • Article, Illustration
      Lock icon Ministers open talks with firm stand against protectionism
      831 12 WTO MEETING US expected to call for launching of new round of global trade talks Reuters [GENEVA] A landmark World Trade Organisation (WTO) conference opened yesterday with ministers taking a firm stand against protectionism in the wake of the Asian financial crisis.
      Reuters; REUTERS  -  831 words
    • Article
      S'pore seeks expanded WTO programme
      477 12  -  SINGAPORE TWs is necessary to tackle issues such as electronic commerce By\ Ronnie Lim THE World Trade Organisation needs to tackle problems that have arisen over implementation of previous-ly-negotiated agreements, as well as new challenges posed by electronic commerce, regional trading arrangements, and developing countries'
      477 words
    • Article
      Lock icon Sterling falls on euro concerns but later rebounds
      293 12 LONDON Bloomberg THE British pound fell to a six-month low against the Deutschemark and a fivemonth low against the US dollar after it was reported that London plans to replace the pound with the euro at an exchange rate of 2.6-2.65 marks.
      Bloomberg  -  293 words
    • Article
      Lock icon Buba reports Q1 pickup in German demand
      388 12 FRANKFURT Bloomberg GERMANY'S central bank pointed to a "clear revival" in demand from companies in the first quarter, suggesting that Europe's biggest economy grew at a robust pace at the start of the year. New orders to manufacturing rose 3 per cent in
      Bloomberg  -  388 words
    • Article
      Lock icon US to waive sanctions against Total of France
      464 12 LONDON CUatmwfflaak OtagreMteletUa lift Csbi —nftifP' Bloomberg US President Bill Clinton and European leaders reached an agreement yesterday designed to defuse a year-long dispute over US legislation aimed at curbing foreign investment in Cuba, Iran and Libya, two Clinton aides said. The
      Bloomberg  -  464 words
    • Article
      Lock icon China donations didn't influence me: Clinton
      213 12 LONDON Bloomberg PRESIDENT Clinton said on Sunday that reported political campaign contributions from China to the Democrats had not influenced his foreign policy, but he welcomed further investigation into decisions that made it easier for China to launch American satellites and possibly obtain sensitive
      Bloomberg  -  213 words
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      109 12 The Preferred Chain of tourist-class budget Hotel (with over 1000 rooms) M■ A"■ HoldBl Orchid HotelBl Prtacm HoldBl Star j Attractively Dric£d mamusaim 31^^*0^ 'b Cl Te1:846 8181 Te1842 8181 Tel: *****81 Colour T\ Hotel 81 Gold Hotel 81 Holbrood HtfriSlteen XM Attached bathroom (with water heater) 20 LorongMfalw 6\
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      8 12 8, 8A k Sit I vvart Park J
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      107 13 (Number of Singaporeans who will drive a new Cadillac this year) if if Now. if you hurry, you can be one of the successful few in Singapore to drive the most famous, most prestigious luxury marque in the world Experience the V 8 Cadillac Seville featuring the revolutionary Northstar engine.
      107 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      India unlikely to be moved by US sanctions
      771 14  -  THE BOTTOMLDVB OPINION By Yogi Aggarwal The writer is a Bombay-based journalist who contributes regularly to BT THE economic sanctions that US President Bill Clinton imposed on India after it tested five nuclear bombs last week are unlikely to make the BJP
      771 words
    • Article
      IN OTHER WORDS
      121 14 'You deserve this because you are so greedy.' Spray-painted ago on a wall near the remains of new Bimantara Cakra cars set on fire in Jakarta last week. Indonesian President Suharto's son Bam bang Trihatmodjo owns the company that makes Cakras. The country needs foreign capital in
      121 words
    • Article
      A stable monetary system
      649 14 EDITORIAL THE serious escalation of unrest in Indonesia has made it seem almost academic to discuss things like monetary issues contributing to the country's problems. Elsewhere in Asia too, things could get worse before they get better and the social and political aspects of the crisis
      649 words
    • Article, Illustration
      Lock icon Giants poison politics
      1198 14  -  New mega firms, with more clout to rig politics in their favour, threaten democracy itself By Robert Reich The writer is professor of economic and social policy at Brandeis University LAT THE era of big government in the US may be over, as the president says, but
      LAT; FILE PHOTO  -  1,198 words
    • Article
      WHAT THE OTHERS SAY
      766 14 Growing rapport for reform SUPPORT for total and peaceful political reform is pouring in from people of all ages and walks of life. These voices are being clearly heard above the boisterous mayhem and worsening economic crisis gripping Indonesia. They speak for the nation in demanding
      766 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      57 14 DOOtmSBPRY By Garry Trudeau COACH, I PONY YEAH, MAN, I PLAY HARP I MEAN, ABSOUfTHX HJE'P "25? MUUPTHZ SET YOU UP OJTTH COOL ABSOLUTELY. J^ AOCUF rntSi A rfoICOUE6E A TOP LEGAL BECAUSE ALL THE WgYttp- TBCnON* GET Be- TEAM-PLUS A j I GOTTA GFEAISHAVS TZCpON- j HINP ME PUBLICIST
      57 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      466 15 IMa'l pa limw? I nil It it Cats' Mews/ Cafib Caft' Mm ia Siidty Claitiflri tbit vtakiai. J fe^S fcvf CATS. Where to wine, dine and entertain... I i ir JjjjMiH An All-You-C*n-E*t.. BnCalrnhifT (Porridge g I pinner CftuJJet Help yourself to momghan 30 sumptuous dishes... to 1 go with
      466 words
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      Page 15 Advertisements Column 2
      60 15 Hi Enjoy I I A STYLISH LUNCH AT TOP OF THE 'M' j REVOLVING RESTAURANT i WITH 25% SAVINGS THIS MAY! j Call 831-6258/6288 (between 3pm-6pm) i for your reservations. oesmnoN U? isiss sssx i W»IW kmi Ifantkirin |JJI Singapore I 333 Orchard Road. Singapore *****7 Td: 737 441 1
      60 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      741 15 TV&RADIO MgaugM.- 4.00 News 5 Today Followed L40 Lives and Perfor- kX»l>J ;In i (0 by Afternoon At The mances. 230 PM TV Innovations. Movies (Con't). 2.00 TV Innovations. L 4.00 Kidz Blitz: Classic 5.00 News 5 Today Followed 3.00 Legend of Liu Bo Wen. Speed Racer (Lastep). By Mot.
      741 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      252 15 CBYPTIC CROSSWORD 11 A number stay calm in up- LhJ hi 12 One old car in a pile up (5) 13"^^"" 13 Cast worth putting into new j production MM fIHHHHHI 15 About time to correct the coming after (9) Z-JIhZ-JIL^ over a fellow-player? (7) Jin J^H_fll——-Jl|— 27 In certain
      252 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Variety—the spice of upcoming reel life
      617 16  - Variety —the spice of upcoming reel life Hollywood dishes up action, romance and sci-fi, reports Bob ftmrtaOotte Bob Tourtellotte Reuters HAS Hollywood gone soft this summer? Don't bet on it With a giant lizard stomping on Earth and killer asteroids headed our way, effects-driven action movies will dominate the cinemas.
      Reuters  -  617 words
    • Article, Illustration
      A long iron that gives golfers more accuracy
      473 16  -  GOLF By' Ven Sreenivasan THE secret of golf is to hit the ball hard, straight and not too often. It is this objective that spawned a revolution in driving woods. As a result the size of today's average driver is almost twice
      473 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      83 16 DIVA RESTAURANT mmm 'o.\' -MffM a^sM VERY SPECIAL RATES! IH£ S'?S r CALL US TODAY! fIHB jjj I Oh*. M-c< <„ t&o J?>iolp<L>l jb^ct. The Ritz-Carlton" MILLENIA SINGAPORE Put them up at the establishment voted best new hotel in the world'. Call 434 5118 and they'll get all the pampering
      83 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon S'pore banks urged to detail Indon exposure
      721 17  -  INDONESIA IN TURMOIL Some analysts suggest writing off all Indon loans; see higher '98 provisions Reports byi Clarissa Tan [SINGAPORE] Analysts are calling on Singapore banks with exposure to Indonesia to give details of their 1998 provisions, and some are even suggesting they
      REUTERS  -  721 words
    • Article, Illustration
      OUB expects to make further regional provisions this year
      353 17 [SINGAPORE] Overseas Union Bank (OUB) is likely to make further provisions for the region this year, and these provisions could be announced at half-time, OUB president Peter Seah said yesterday. The bank will also probably make more specific provisions for Indonesia,
      353 words
    • Article
      Lock icon Merrill raises Creative to 'long-term buy'
      195 17 Bloomberg [SINGAPORE] Merrill Lynch raised its rating on shares of Creative Technology Ltd, Singapore's largest electronics company and the world's leading seller of computer sound cards, to "long-term buy" from "long-term accumulate" on the back of higher earnings estimates. "All the momentum in FY97
      Bloomberg  -  195 words
    • Article
      NatSteel's fall disclosure of provisions is two months late
      616 17  -  HOCK LOCK SIEW Conrad Raj NATSTEEL Ltd's recent decision to disclose the full extent of its provisions would have deserved accolades were it not for the fact that it came two months late. When the company announced its results for the
      616 words
    • Article
      KL may raise foreign share limit on broking firms
      375 17  -  49% cap may be lifted as many firms need more capital From, Eddie Toh in Kuala Lumpur MALAYSIA may raise the current foreign shareholding limit of 49 per cent for stockbroking companies, Munir Majid, chairman of the Securities Commission, hinted yesterday.
      375 words
    • REGIONAL COMPANIES
      • Article
        Inchcape's Borneo arm to close used car unit
        372 18  -  Traders say it's the right move, in a business where losses can pile np By[ Christopher Tan [SINGAPORE] Inchcape's Borneo Motors has decided to exit the used car business, three years after identifying it as a core activity. Sources point to the
        372 words
      • Article
        Lock icon Rocky road ahead for PT Astra as Indonesia struggles to survive
        553 18 Bnt carmaker's restructuring gives it a fighting chance Bloomberg [JAKARTA] Until recently, PT Astra International, Indonesia's largest car maker, could live up to its corporate motto "Prosper with the Nation". Now, like the world's fourth most-populous country, it's struggling
        Bloomberg  -  553 words
      • Article, Illustration
        Lock icon Keppel Corp seeking to expand beyond Asia
        288 18 Reuters [SINGAPORE] Diversified marine-based group Keppel Corp Ltd said in its 1997 annual report it was seeking investment opportunities in Asia as well as Eastern Europe and Central America. In his annual statement to shareholders, chairman Sim Kee Boon said Keppel would expand
        Reuters; FILE PHOTO  -  288 words
      • Article
        Tesco buys 75% of Thai retail chain for £200m
        501 18  -  From Loh Hui Yin in Hongkong UK supermarket giant Tesco pic will pay £200 million (***** million) for a 75 per cent stake in a loss-incurring retail unit owned by Thai Charoen Pokphand group. The sprawling CP group, which has been
        501 words
      • Article
        Lock icon KLSE ticks off Quality, slaps fine of RM25,000
        280 18 Bloomberg [KUALA LUMPUR] The Kuala Lumpur Stock Exchange yesterday publicly reprimanded construction company Quality Concrete Holdings Bhd and fined it 25,000 Malaysian ringgit (5510.763) for failing to explain why its shares surged 76 per cent on Feb 9. "The exchange views this
        Bloomberg  -  280 words
      • Article
        Wah Shing expects turnover to rise 30% in three years
        394 18  -  Factory being built in Donggnan will boost sales volume By i Carol Eng [SINGAPORE] Toymaker Wah Shing expects to raise turnover by 30 per cent to about HK11.6 billion (5J342.2 million) in three years but declined to say when it
        394 words
      • COMPANY Briefs
        • Article
          ST Capital rights oversubscribed
          39 18 [SINGAPORE] ST Capital yesterday said its one-for-one rights issue received about 150 milium abdications, or 10i.fi per oent of the total number of rights shares offered. The rights shares are going for 40 cents apiece.
          39 words
        • Article
          Keppel Marine wins tugboat contract
          60 18 [SINGAPORE] Keppel Marine Industries, through its flagship company, Keppel Singmarlne Dockyard, has clinched a contract to build four units of harbour tugs. The contract was awarded by Keppel Smit Towage. The first two 30-metre tugboats are scheduled for delivery by the end of this year
          60 words
        • Article
          Uraco'a new non-exec director
          49 18 [SINGAPORE] Uraco Holdings has appointed Chay Kwong Soon, managing director of IntreSouroe Systems and forma-president of Creative Technology, a non-executive director. Mr Chay, 45, had been with Creative since 1988. He left to Join IntreSource in 1996. His stake in Uraco comprises 60.8 million shares.
          49 words
      • Article, Illustration
        Mingly's Cha set to take over Sing Tao newspaper group
        672 20  -  Statement to be issued soon; deal said to involve Sally Aw's entire 49.6% stake From< Quak Hiang Whai in Hongkong PROMINENT pro-Beijing businessman Cha Chi-ming, who controls property and re-sort-based Mingly Corporation, looks set to take over Sing Tao Holdings,
        672 words
      • Article
        Lock icon Dong Ah dismantles empire to focus on construction
        264 20 AFP [SEOUL] South Korea's ailing Dong Ah Group yesterday decided to dismantle Its overstretched empire and focus on construction, succumbing to snowballing debts. The group offered to sell profit-making units including Korea Express and Dong Ah Finance and to liquidate non-competitive subsidiaries.
        AFP  -  264 words
      • Article
        Kerry Packer hands reins of empire to son
        473 20  -  James made head of PBL and family firm; ally Powers joins John Fairfax beard From', Russell Baker in Sydney MEDIA mogul Kerry Packer has handed managerial control of his business empire to 30-year-old son James and, at the same time, seems to
        473 words
      • Article
        Lock icon Citibank to buy stake in Acer semiconductor unit
        211 20 AFX-Asia [TAIPEI] Acer Peripherals and Citibank will take stakes in Acer Inc unit Acer Semiconductor Manufacturing Inc (ASMI), formerly known as Texas Instruments-Acer Inc, according to an Acer Inc official. The size of their respective investments has yet to be determined, he
        AFX-Asia  -  211 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Pearson to buy Simon & Schuster
        376 21 Pearson to buy Simon Schuster USs4.6b deal makes it biggest educational publisher Bloomberg, Reuters [LONDON] Pearson pic will buy Simon Schuster, Viacom's US publishing unit, for US$4.6 billion (557.6 billion) to become the world's largest educational publisher with about a third of the US market. Pearson will sell Simon Schuster's
        Bloomberg,; Reuters  -  376 words
      • Article
        Lock icon AT&T close to Yahoo! deal
        139 21 Reuters [NEW YORK] AT&T Corp is about to announce a deal with Internet search firm, Yahoo! Inc, that allows the phone company to market its services on Yahoo!, the electronic edition of the Wall Street Journal said. The deal is similar to those made with
        Reuters  -  139 words
      • Article
        Lock icon Iridium completes US$5b global wireless network
        104 21 Bloomberg (HAMILTON, Bermuda] Iridium LLC said it completed the deployment of its 67-satel* lite global wireless communications network with the launch of five satellites from Vandenberg Air Force Base in California. The US$5 billion (SsB.3 billion) network, known as the Iridium System, will allow
        Bloomberg  -  104 words
      • Article
        Lock icon London tops Tokyo as equity management hub
        452 21 Tokyo falls to 4th place with USslJt in assets amid financial crisis in Asia Reuters [TOKYO] London displaced Tokyo as the world's leading centre for equity management in 1997, spurred by a 48 per cent jump in equity assets, research company Technimetrics Inc
        Reuters  -  452 words
      • Article, Illustration
        Lock icon Pinault of France to buy rest of 71% of Christies
        360 21 Deal values 231-year-old auction house at £721 m Bloomberg [LONDON] French investor Francois Pinault agreed to buy the 70.9 per cent of Christies International pic he doesn't own, adding the 231-year-old art auction house to a list of high-profile investments.
        Bloomberg; Source: Bloomberg  -  360 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Fortis buys biggest bank in Belgium for US$11b
        532 22 Takeover of Generate de Banque will create one of top 10 European banks Bloomberg [BRUSSELS] Fortis, the Bel-gian-Dutch financial services group, yesterday announced an agreed US$ll.l billion (5518.3 billion) all-share bid for Generale de Banque, Belgium's biggest bank, to create one of
        Bloomberg  -  532 words
      • Article
        Lock icon HSBC not selling investment bank unit
        251 22 Bloomberg [LONDON] HSBC Holdings pic, the UK's largest bank, said it has no plans to sell its investment banking unit, as rivals Barclays pic and National Westminster Bank pic have done after failing to compete with world-class US banks. "We have no intention of
        Bloomberg  -  251 words
      • Article
        OUB launches CPF-approved unit trust with 3 sub-funds
        257 22 Investments can be split among cash, bends or equities [SINGAPORE] Overseas Union Bank's asset management arm yesterday launched a Central Provident Fund-approved umbrella unit trust which offers three subfunds that invest in cash, bonds or equities. Investors can choose to split their
        257 words
      • Article, Illustration
        Lock icon Thailand to quit rubber group, says source
        198 22 AFP [BANGKOK] Thailand has decided to leave the International Natural Rubber Organisation (Inro) due to budget problems, an informed source said yesterday. "We don't have the money to pay for annual fees and we don't receive anything much from Inro anyway," the source
        AFP  -  198 words
      • Article
        Lock icon Royal Bank dismisses report of Halifax link-up
        180 22 Reuters [LONDON] Royal Bank of Scotland on Sunday dismissed a press report that it has been in discussions about a "link-up" with Halifax pic, Britain's largest mortgage lender. "That story is completely untrue and is based on tendentious and unwelcome speculation," a spokesman
        Reuters  -  180 words
      • Article
        Lock icon Bear Stearns liable for US$108m in M&A case
        280 22 Bloomberg [OAKLAND, California] Bear Stearns Cos lost a US$lO6 million (*****.7 million) verdict on Friday after a federal jury found the investment bank negligently advised Daisy Systems Corp in its ill-fated acquisition of Cadnetix Corp. A nine-member jury in Oakland's US District
        Bloomberg  -  280 words
      • Article
        Lock icon Euroyen up, JGBs claim another high
        210 22 «imu« Report Reuters [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures continued their strong upward trend with the JGBs claiming yet another record high. "The JGBs opened on a very firm note with the bond yield hitting an all time low of 1.27
        Reuters  -  210 words
      • Article
        Futures drop, cash index rebounds
        177 22  -  MSCI TAIWAN FOTUBBS Charlie Kuo Charlie Kuo, service dealer, Refco Singapore [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract dropped marginally though the cash index saw a technical rebound after five straight days of decline. The raUy during the last trading hour in the
        177 words
      • Article
        Lock icon Oil slips as stocks swell and supply rises
        289 22 ENERGY REPORT Reuters [LONDON] World oil markets dropped a shade yesterday as plentiful supply, bulging storage tanks and sluggish demand outweighed the possibility of trimmed output later in the year. Hints by producers that more oil might need to be taken from
        Reuters  -  289 words
      • Article
        Lock icon CURRENCY REPORT
        293 22 Bloomberg, AFP London THE dollar rose to its highest against the yen in almost seven years after leaders of the Group of Eight nations failed to boost optimism in the Japanese currency. G-8 leaders meeting in Birmingham didn't pressure Japan to strengthen its currency or to do more
        Bloomberg,; AFP  -  293 words
      • Article, Illustration
        Untitled
        1198 22 DITHRBAMK CE088 RATES May 18 M cs ECU Hr Om m bUtsfafU Y« H 62$P«6» Nw S$ *mt Sir UTS 08* H— Wj SSrS 0.903 1178 0.544 1726 It* 412* 2S.ltf7T.TS0 0342 UN 2262 U0 ***** ***** 1032 187 0.92* ********** 0265 03* Cauda 1107 178 0.425 4.124 1230 5235
        1,198 words
    • Article
      COMMODITY PRICES
      1778 23 8IC0M FUTURES May 18 MMCI (MWM M <t SJOpa) 8S51 C0MT1ACT(S cwtsAg) Closo VokNM Opon MjNrtfc Mgh Low Sott (towns) Mtoroat Jun 99 130.90 130.50 190.50 25 650 Jul 98 130.00 1815 Aug 98 130.00 2615 Sop 98 ***** 1540 Oct/Doc 98 135.75 4650 Jan/Mar 99 140.50 900
      1,778 words
    • Article
      WORLD STOCK MARKETS
      2295 23 MfM l"*Hlll *l Nm 31 Croup 636.000 8.600 AB Ports 365.000 unch Mttr National 1043.000 -4.000 AMedDoflMCq 6)4.000 -9.400 Ame« 187.000 3.000 Asda Group 180.400 -3.000 BAT Ind 565.000 -7.400 BG Pic 327.000 -9.400 BtCC 163.000 2.000 BOC Group 960.000 -3.400 BR Petroleum 935.000 -29.400 BTR 205.600
      2,295 words
    • Article
      Lock icon TOKYO
      1634 23 Bloomberg n Nikkei 225 ♦14LC JAPANESE stocks rose for the first time in three days, led by carmakers, following reports Nissan Motor Co may take aggressive restructuring steps. "Nissan has needed some sort of a drastic move in terms of asset restructuring, so it's probably not a bad thing
      Bloomberg  -  1,634 words
    • Article, Illustration
      Lock icon HONGKONG
      1454 24 Bloomberg QH&ngSeng -126.42 STOCKS fell for a second day, as investors bet a weak Japanese yen and uncertainty over the Indonesian turmoil will worsen the territory's economic slowdown. The 33-stock benchmark Hang Seng Index, at its lowest since Jan 27, fell 126.42 or 1.3 per cent to 9,411.97. Banks
      Bloomberg  -  1,454 words
    • Article, Illustration
      Lock icon CHINA
      561 24 Reuters FlShamhaißlndgi +&8I CHINA'S hard currency B shares closed mixed yesterday as profit-tak-ing dominated due to the lack of an announcement of market-boosting measures despite widespread rumours last week, brokers said. Shanghai's B Share Index lost 1.75 points, or 3.48 per cent, to 48.85 as turnover plunged to U555.66
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  561 words
    • Article
      Lock icon TAIPEI
      318 24 AFP njWPhig +*173 TAIWAN stocks rose 0.9 per cent yesterday ending a fiveday losing streak on bargainhunting of financial issues by institutional investors, dealers said. The Weighted Price Index moved up 68.73 points to 8,134.89, following a 1.2 per cent drop in the previous session. Bargain-hunting of flnan- cial
      AFP  -  318 words
    • Article
      Lock icon WELLINGTON
      238 24 AFP O Wellington -8.73 NEW ZEALAND stocks closed 0.4 per cent down yesterday ahead of today's fourth quarter results from Telecom Corp which the market is expecting will reflect a slowing economy. The NZSE-40 Index fell 8.73 points to 2,220.42 on turnover of NZ$44.l million. ■we 1 *f- ctm
      AFP  -  238 words
    • Article, Illustration
      Lock icon BANGKOK
      781 24 AFP Di SET Mm -naa THAI shares slumped 3.3 per cent yesterday, hitting their lowest point since January after the central bank took control of seven finance firms, analysts said. Analysts said the market went into a tailspin shortly after the central bank announced it would take over seven
      AFP  -  781 words
    • Article
      Lock icon SEOUL
      394 24 Reuters POfi ritahig 4g SOUTH Korean stocks closed higher yesterday as the plan to scrap the foreign stockholding limit and eased labour tension boosted buying by grassroots Investors, brokers said. The Korea Stock Exchange Composite Index ended up 1.90 per cent, or 6.68 points, at 359.00. Brokers said instability
      Reuters  -  394 words
    • Article
      Lock icon SYDNEY
      573 24 AFP DinOrftwriM -315 AUSTRALIAN share prices fell 1.2 per cent yesterday amid concerns about unrest In Indonesia and an upcoming Federal Reserve board meeting in the US. The All Ordinaries Index fell 32.5 points to 2,733.3. Turnover totalled 291.66 million shares worth AI9OI million. The All Industrials Index lost
      AFP  -  573 words
    • Article, Illustration
      Lock icon JAKARTA
      706 24 AFP P Composite Index -17.08 INDONESIAN stocks plunged 4.2 per cent yesterday amid calls by prominent leaders to President Suharto to step down, and a downgrading of the country's credit rating by Standard and Poor's. The Composite Stock Index closed down 17.02 points at 388.92 points. Losers outnumbered gainers
      AFP  -  706 words
    • Article
      Lock icon MANILA
      270 24 AFP n—- -3m PHILIPPINE share prices closed 0.1 per cent lower yesterday as Investors stayed away on fears that unrest In Indonesia would significantly affect neighbouring economies. The Philippine Stock Exchange Composite Index fell 3.19 points to 2,125.41. Volume reached 224 million shares worth 590 million pesos. —AFP ManNaMMngB
      AFP  -  270 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares lower amid Indon crisis
        364 25 AFP D Composite Index -1186 MALAYSIAN shares closed 3 per cent lower yesterday as tensions in Indonesia continued to cast a long shadow over the local bourse. "News of protesting students entering the parliament and a statement blaming communist elements for the riots were particularly
        AFP  -  364 words
      • Article
        Untitled
        7761 25 ■PWIUU mMv Cbmmmt prefects l*M L««t Vol Day Nat Cap Wq» Law ClWj-y sit -000 Hlqfc Law P/I >«■ 310 180 Ajinomoto 219 -3 17 222 218 12.1 818 148 65 Angkasa #7 1 41 68 66 1.6 98.8 290 123 Apollo Food Hlg 145 4 8 64.0 3J« 190
        7,761 words
    • WARRANTS & OPTIONS
      • Article
        L&M wrt: better to wait
        190 26  -  WARRANT WATCH -By < Ven Sreenivasan IF there is anything an investor should avoid at a time like this, it must be Indo-nesia-linked stocks. By the same argument, it would also be wise to steer clear of Indonesia-linked warrants, no matter how attractive they may
        190 words
      • Article
        Untitled
        3324 26 BONOS, LOANS ft VARIANTS J Laat Val Day Laat Ouott Avg HH» Law 51no Cfnpany ♦ar- (OOO) High Law Buytr Sailor Ptlci 2iS 9 re 3000 re AMDS C5SH*****6 12.5 9 5 13 20.5 8 3160 A Acar ******1 US$ 10 83 11 95 8.5 3164 Ac ma ******4 15.5
        3,324 words
    • Article
      CLOB INTERNATIONAL
      2147 26 Transaction date May IS Or Or vi O&f LaatOuata Wv Hv YM Nat M Cap M» U» Itw Cawpany hH rOOO) W» L— Hyar la—r CV P/K tm* 05 m» 5000 AlMSOc «S <5 85 503 4U 4U 50 U 3J U l*J 49 8 653 12.5 m
      2,147 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6359 27 Transaction date: M.»v 18 Gr Or M Wt 1998 Last V«i Day Laat 0»iOt. Mv W* VM Nat Cap A»g Ml» L— »«W C imp any W rOOO) >•» law Iwnf «—ar C'yT P/t M Plica HIII 111 >11 43 16.5 1020 ACE Dynamics60c...
      6,359 words
    • Article
      SESDAQ
      1100 27 Or Or mm 1*98 LMt V* Day Last Ouata Ohr Mv YM Nat Cap Avg Hm> L— MKl Campaoy tali fOOOl W0I L— lnw W» Cw Wl t—> WW 134 83 2000 ABR Hldgs 5c 84 -1 49 84.5 84 83 84 4U> 85 243 76 2049 AS Auto
      1,100 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        222 28 Stacks Volume SingTel 15c 6,497,000 ST Engg 10c 6,392,000 TAC BtIO 200 6,134,000 STIC 25c 5,305,000 *RHB Cap Wt99 4,889,000 Easyknit HKIOc 4,700,000 HK Land USIOc 4,325,000 DBS Foreign 3,890,000 •Renong Btid 50c 3,824,000 •MBf Capital 3,412,000 Stacks DBS Foreign 36,775,609 SPH 19.962.282 SIA Foreign 18.391,476 SingTel 15c 15.914,199 OCBC
        222 words
      • Article, Illustration
        STII loses key level amid concerns over Indon crisis
        663 28  -  STOCK MARKET COKKBIITAKT Interest rate worries loom over market; first quarter's numbers ignored; brokers say near-term ontlook is very bearish By Ven Sreenivasan [SINGAPORE] Singapore stocks slid further south as investors warily watched for farther developments in Jakarta, and aU but
        663 words
      • Article, Illustration
        HOT STOCK
        72 28  -  -by I Shiv Taneja OCBC Bank s foreign tranche dosed 30 cents lower yesterday at $6.55 on a volume of 2.16 million shares, compared with its 10-day traded average of 1.9 million units. The daily and weekly RSI and Stochastics indicate that the stock is heavily oversold, but
        72 words
      • ON THE GRAPEVINE
        • Article
          Bear attack
          46 28 LIKE most other investors, Dr PHS Lim, the president of the Malaysian Investors' Association, is known to have been badly "mauled" by the stockmarket meltdown. Yesterday, he was spotted with an arm in a bandage. When asked what happened, the commentator quipped: "Bear attack!"
          46 words
        • Article
          Later is safer
          104 28 THERE are tremendous opportunities for venture capital funds right now but the risk erf companies going bust has never been so high too, says Yu Yamada, president of JAIC Asia Capital Pte Ltd. Surveying the landscape which he reckons is now throwing up "once-in-a-lifetime opportunities". Mr Yamada
          104 words
        • Article
          Changas at Deutsche Bank
          91 28 DEUTSCHE Bank AO has appointed Michael DeSa as head of its Asia-Pacific investment banking division. Mr DeSa will continue as deputy chief executive officer for Asia-Pacific, and will be responsible for mergers and acquisitions, equity capital markets and relationship banking. The bank has also named Ken
          91 words
        • Article
          The schemer and the skimer
          84 28 A NEW and worrying type of credit and charge card fraud has hit the Asia-Pacific and it goes by the name of skimming. The perpetrators work by copying information off the card's magnetic strip with a device called a skimmer. The information Is then used
          84 words
        • Article
          MSCI fever
          75 28 SPOTTED on the bus: an executive-type studying intently the contract specifications of the new Simex MSCI Singapore stock index futures contract. Heard In the market-stockbroking houses sending staff to attend courses on fixtures trading. All this should make Simex very happy. The exchange is anxious to get its
          75 words
        • Article
          Alive-and not very old
          112 28 HERE'S a bit of trivia from the Department of Statistics (DOS). Dkl you know that only 31 pa* cent of all the companies registered before 1950 are still operating today? Of these, only five companies are more than 100 years old. The famous five are Singmarine
          112 words
        • Article
          Food for TOT
          100 28 TAXI commuters are still slow to switching to automated methods of booking a cab, according to a Comfort official. "But those who've tried it, stay," says public relations manager Sarah Kohl One of the newer methods of getting a taxi is through the coin-operated Taxi Order Terminal
          100 words
  • Page 17 Advertisements
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      113 17 A company's strength lies in the Backbone of its staff. A So make sure you only take a is not just comfortable. It is in seat where you can be sure of fact the ideal office chair for perfect support at all times, no healthy posture! matter what your height
      113 words
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      471 18 Seminar on Finance for Non-Financial Managers As companies strive to enhance their shareholders' funds, there is a greater need to understand financial information, particularly balance sheets and profit and loss accounts. Decisions made without properly understanding the financial implications may lead to reduced profits (or even losses) and a reduction
      471 words
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      Page 18 Advertisements Column 2
      149 18 fax to Over 200 Destination! Worldwide without Pojinj tie 101 th We at Interconnect Technology understand about the rising cost of doing business. That is why we've introduced Inter Fax. Our InterFax service network helps keep cost down and provides: savings of up to 60%, reliable customer support So make
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      Page 18 Advertisements Column 3
      17 18 Impress year <g£Ln friends with an interesting mi^et. RiW Gats' Mews i« initf tluiifliJ thii mkui. CATA
      17 words
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      101 19 On May 19th we're changing our name to STMicroelectronics I Nothing else changes. I And we continue to advance microelectronics technology. I ASIA PACIFIC HEADQUARTERS DESIGN WAFER FABRICATION 28 Ang Mo Kio Industrial Park 2 Singapore *****8 Tel: (65) 482 1411 Fax: (65) 482 0240 REGIONAL LOGISTICS CENTRE -SINGAPORE (Loyang)
      101 words
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      923 20 BUSIMESS Not ires SOUTHERN BANK BERHAD (5303-W) (Incorporated in Malaysia) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Thirty-Sixth Annual General Meeting of Southern Bank Berhad will be held at Mahkota m, Lower Lobby, Hotel Istana, Jalan Raja Chulan, ***** Kuala Lumpur on Wednesday, 3 June 1998,
      923 words
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      5 20 lb advertise call 1011-free 1800-*****83
      5 words
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      Page 20 Advertisements Column 3
      556 20 I "1 I SINGAPORE RE I I SINGAPORE REINSURANCE CORPORATION LIMITED I I (Incorporated in the Republic of Singapore) H I NOTICE OF ANNUAL GENERAL MEETING I NOTICE IS HEREBY GIVEN that the TWenty-Fifth Annual General Meeting of the Company wi be held at The Executives' Club, I OCBC Centre,
      556 words
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      26 21 •Tling Centre •Parkway Parade •A-Z Building •Paya Lebar Road For details, please contact owner: Tel: 437 6853 437 6872 534 3132 f BiIHHBI 4Sarfrt»BHHe j *ft£WfB£*
      26 words
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      Page 21 Advertisements Column 2
      166 21 HVEYOUR FACE EXECUTIVE CARE SKIN CENTRE introduced The Executive Skin Care Program, many men have experienced the confidence that comes from "groomed" with the same attention they give to their hair and the rest of their appearance. free charge, the techniques in diminishing the appearance of open pores, blemished skin
      166 words
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      Page 21 Advertisements Column 3
      343 21 o, s Just one of tke gfreat benefit* from DmiMa Opticmi you'll warm to tbi* rummer. Wten you stay at Inter-Continental Hotels or Reeorts in Asia Fkcific tkia summer we promise you'll enjoy it twice as muck as last year. Because not only are we ottering some very special summer
      343 words
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      94 22 FORD MOTOR CREOtT COMPANY Floating Rata Notaa D«m February 13, 2003 (Common Coda No.: $*****3 BIN No J U*****97 RV79) (CUSP Number *****7 RV7) la accocdaace with die temu of the document* governing the above-refer-eoced Notes, noiice it hereby given that the Interest Rale per tanum for the Interest Period
      94 words
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      Page 22 Advertisements Column 2
      8 22 The Straits Times Classified I 1 Where buyers
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      68 24 iiTWIWKIITTIIIIBWIMBMBMBI WHr Hello, Wow! I d like to place an A buyer I love this car advertisement to the very that I found V my next through I. Mi^V** M™ 1 M I I I vroom... jg V V""' 1 11 H PmhHHHHIW I H fI^MKS I||£| I fl pt
      68 words
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      167 27 #/l Fran the West Oust USA all the way East. the best way to get where you're going is lo fly with the airline who can get you dosest to th r Airli fl C iu I i A Am Seattle with our 9 transpacific gateways, no other US Unites
      167 words
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      588 28 BUSINESS AotiCCS loath i' list'tall toll-h it' IXOO-741 INN 3 O INTERNATIONAL FACTORS (SINGAPORE) LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eleventh Annual General Meeting of International Factors (Singapore) Ltd will be held at the IFS Board Room at
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      Page 28 Advertisements Column 2
      752 28 LEHMAN BROTHERS HOLDINGS INC. (Incorporated m the State of Delaware, United States of America) TO: All holders of Warrants 1997-1998 issued by Lehman Brothers Holdings Inc. relating to issued ordinary shares of Hongkong Land Holdings Limited Dear Sir/Madam EXPIRY OF WARRANTS 1997-1998 Holders of Warrants 1997-1998 ('Warrants') relating to issued
      752 words
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      Page 28 Advertisements Column 3
      192 28 VAIL INVESTMENT PTE LTD (In Voluntary Liquidation) (Incorporated in the Republic ol Singapore) NOTICE IS HEREBY GIVEN mat the Final Meeting ol the members orf the abovenamed company win be held at Blk 306 UW Avenue 1 fO2-IM, Room F, Singapore ****** on Monday. 22 June INI, at 10.00 a.m.,
      192 words
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      Page 28 Advertisements Column 4
      311 28 BACHMANN FAR EAST (SINGAPORE) PTE LTD (b Cration Vbiunury Winding Up) FINAL MEETING NOTICE IS HEREBY GIVEN THAT pursuant to Section 308 of the Companies Act (Cap SO) that the Final Meeting of the Creditors and Members of the abovenamed Company will be held M the office of M/s L
      311 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      308 29 Bridge News, Reuters HANDY-SIZE rates from the US Gulf dipped further with U5517.25 without combination port discharge reported to have been agreed on the key grain run to Japan. This is down 50 cents on the last done. Fixtures TANKERS: Activity on the tanker market was limited again
      Bridge News,; Reuters  -  308 words
    • Article
      MARITIME STOCKS
      262 29 —r» n CWTMrtrtkuttan. 0.595 *0.03 18 Oman Hi* 0.425 -0.02S 71 Coaeo InvntfiMnt.. &T5 Frataht links 02T5 *0.005 S G8&Mn«s 0-295 H* Sun Hup 0.55 *0.01 247 Hitachi ZOMn 0.675 -0.025 34 IMC Holdings HK 5.60 Java Holdings 0.39 -0.03 £*••8 Shipyard 7 JO -0.25 29 KappaiCarp 3J8
      262 words
    • Article
      Rate hikes on Asian routes likely to succeed
      503 29  -  Asian exports continue to grow and container imbalance becoming more severe By: Marcus Hand [SINGAPORE] Rate hikes on routes from Asia planned by major lines are likely to be successful as exports continue to surge from Asia, and the container imbalance increases
      503 words
    • Article, Illustration
      Lock icon Fleeing Indonesia
      53 29 [DUMAI, Sumatra] Passengers fleeing violence in Indonesia sitting on the upper deck of a ferry from Dumai, Sumatra on its way to Malacca port. Most ferries were full as thousands of people flee Indonesia amid rioting and looting in several cities where a total of about 500 people
      AFP  -  53 words
    • Article
      US shipping reform laws unlikely by this year
      122 29 [SINGAPORE) An ocean shipping deregulation bill before the US House of Representatives is unlikely to be passed and enacted by this year, according to a shipper association official. Ronald Cobert, a lawyer representing shipper pools belonging to the US Shippers' Association, expects
      122 words
    • Article, Illustration
      Lock icon Maritime union rejects offer to rehire dockers
      301 29 Bloomberg [SYDNEY! The Maritime Union of Australia rejected an offer from Patrick stevedoring company to re-employ half the dock workers fired by the company two months ago. Patrick yesterday offered to rehire about 750 of the workers if the union drops court action
      Bloomberg; FILE PHOTO  -  301 words
    • Article
      Shipping Corp of India, XCL tie up to start Calcutta-Colombo service
      217 29  -  From Rajendra Bajpal in New Delhi THE Shipping Corporation of India (SCI) has teamed up with X-Press Container Line (XCL) of Singapore to operate a feeder service between Calcutta and Colombo. So far the service was being provided through
      217 words
    • Article, Illustration
      Lock icon German carmakers on a roll
      644 30 US CAR MARKET New VW Beetle's popularity and Daimler Benz's takeover of Chrysler reflect the Germans' growing clout AFP [DETROIT, Michigan] A LREADY faced with strong Jap- anese competi- tion on their home turf, US carmakers now m also have to conM tend with a
      AFP  -  644 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      237 30 PAGE Djak Lloyd 9 IQl 9 Dongnama 3 ANL 3 ECL 5 Accord 8 hK>ptan Appenship 5 tufohans 6 Astro 3 Ewf9feefl 6 Austral 9 Foon 9 Sun 8 BSA 7 6 4 Ditunniin t G«n*tr»K 8 OdlduiirKJO f Bavswater 8 9 8'tang
      237 words
    • Article
      SHIPPING GUIDE
      24229 38 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartlsar VhmI Voyaga TWapnooa ETA ETA Advartlsar VllW Voyaga Taiapnona SIN Oast'n Nun# Hum NumOar Numftar SIN0asrnNam^^^^»4am^^^^^^>|um6a^^^Num6ar 03/0* 27/0* Evargraan E. GALLANT 5-057W 19-*****11 A 03/0* 27/04 Triastino EVER GALLANT 0219-097W 49-*****19 06/04 27/06 CMA MED TAIPEI 2JTW 65-*****22 To ABIDJAN (ABJ) 2003
      24,229 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        831 43 Vessel Voy No Berth Arrival Departure A meka Jaya MOOl J —1 1>03 alongside 18.05/2000 Aulia Seraya 1598 J03 alongside 18 05/2000 Bt Berken 4MJ,98 J01 alongsid« 18 05/2300 St Hand! jay *****8 XI alongside 18.05/2359 Bt Nurdiana *****8 J01 alongside 19.05/0600 Bt P Tetor Ma»16 J01 alongside
        831 words
      • Article
        CONTAINER SCHEDULES
        1876 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Ported From To From Aci M«M OtOt 19/1800 U a/1500 WM59 M100 N/1500 N/1659 10/1*00 IT*« ISM 20/0400 U N/B80 N/1899 N/1908 II N/1500 N/1659 18/1*00 2« N/1700 19/0659 19/0900 21 18/1700 19/0*59 19/0900
        1,876 words
      • Article
        GLOBAL HOLIDAYS
        191 43 May 21 Austria: Ascention Day. Belgium.: Ascention Day. Denmark: Ascention Day. Finland: Ascention Day. France: Ascention Day. Germany: Ascention Day. Indonesia: Ascention Day. Luxembourg: Ascention Day. Netherlands: Ascention Day. Norway: Ascention Day. Sweden: Ascention Day. Switzerland: Ascention Day. May 29 Hong Kong: Tuen Ng Festival. May 28 United
        191 words
      • Article
        COCKETT BUNKER MARKET REPORT
        911 43 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-sixed stem Market movements indicated The Cockett Bunker Price Index change and the individual changes
        911 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        523 43 Carton 100 Mil 992.2 0.9 18.0 0.11 123 0.06 May 14 tensity Hitar RtsMu* Ask IImMb SatfMMt No l*WI £25 1 0 8 1 1 0 T 300 AM 906 4 0.2 16.4 0.06 30 0.03 Iw. 300 MM 992.9 2.0 19.6 0.16 72 0.06 M/wi
        523 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon US to seek more liberal aviation pact with China
        468 44 China expected to be world's fastest growing air travel market into next centnry Bloomberg [WASHINGTON] US negotiators will be in Beijing this week seeking new opportunities for US carriers in China, which is expected to be the world's fastest-growing air travel
        Bloomberg  -  468 words
      • Article
        Lock icon 3 Japanese firms to develop supersonic jet engine: report
        202 44 AFP [TOKYO] Three leading Japanese heavy machinery makers are to launch a project to jointly develop a next-genera-tion engine for supersonic airplanes, the Nihon Keizai Shimbun said. Ishikawajima-Harima Heavy Industries Co, Kawasaki Heavy Industries Ltd and Mitsubishi Heavy Industries Ltd will
        AFP  -  202 words
      • Article, Illustration
        Lock icon British Airways says sorry to Branson
        295 44 AFP [LONDON] British Airways (BA) has apologised to Richard Branson, the flamboyant boss of rival airline Virgin Atlantic, for accusing him of "hypocrisy", Virgin said. BA chairman Colin Marshall sent a letter late last week to the Virgin boss admitting that the term, contained
        AFP  -  295 words
      • Article
        Lock icon First Honda plant in China set to roll out cars by year-end
        279 44 BernamaKyodo [GUANGZHOU] The first test cars to be produced by Japan's Honda Motor Co in this southern provincial capital should be rolling off the assembly line by the end of the year, at a time when the car
        Bernama- Kyodo  -  279 words
      • Article, Illustration
        Lock icon Cathay's passenger traffic down 9.5% in 1st quarter
        463 44 Bloomberg [HONGKONG] Cathay Pacific Airways Ltd, Hongkong's biggest airline, said the number of passengers it carried fell 9.5 per cent in the first quarter. Load factors a measure of how completely the airline filled seats plunged to 66.7 per cent from 74.4
        Bloomberg; FILE PHOTO  -  463 words
      • Article
        Lock icon Mercedes to use Aussie steering system
        167 44 AFP [SYDNEY] Every MercedesBenz car built in Europe from next year will feature a unique Australian-designed power-steering system under a major joint venture project announced here and in Germany. The project, which has scheduled production to begin in the second half of 1999, links
        AFP  -  167 words
      • Article
        Lock icon Northwest flight delays may hurt 1998 revenue
        275 44 Bloomberg [ST PAUL, Minnesota] Northwest Airlines Corp said flight cancellations and delays caused by union workers will reduce 1998 revenue if the disruptions continue at their current pace. The St Paul, Minnesotabased airline said in a filing with the Securities and Exchange Commission
        Bloomberg  -  275 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1691 44 an FU6HT CT* FU6HT ETD IH778 KW $026 2350 Oi—>i 6*975 K>g ore m* mm aw M«Mt 8A7381 1930 8A7382 2055 ***** 1T10 ***** 0W5 Of91 1930 Of82 2055 GuMfZkMKC $0003 1905 CZ354 0910 $0229 2220 COM 2045 ***** 1020 AmtwdMi $0327 0755 K1844 0040 Hwtol
        1,691 words
  • Page 29 Advertisements
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      22 29 US car market: German producers on a roll New VW Beetle's popularity, Daimler's takeover of Chrysler reflect their growing clout. Page 2
      22 words
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      Page 29 Advertisements Column 2
      353 29 People Brigadier General (Ret) Charles H Baumann has been appointed president and chief executive officer of International Registries, Inc, the administrator of the jM maritime and corporate programmes of the Republic of Liberia and the Marshall Islands. General Baumann was the executive vice-president and general manager of the International Trust
      353 words
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      Page 29 Advertisements Column 3
      304 29 Sky ,^v- ASIA 70 V SINGAPOM 2M7 MAY 199< J 'Ckmkrt Lsfbtks From Hat It Cbilmwi Challenges and Oppnrtunities in the Asia Region' Aston chemical shipping and MHMMn conference planned by the industry itself to psstow the laglaAloo ohaHsagas and opportunities in the region. Asian chemical logistics In a pawing
      304 words
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      Page 29 Advertisements Column 4
      24 29 US to seek more liberal aviation pact with China China expected to be world's fastest growing air travel market into next century. Back Page
      24 words
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      714 30 SUPER SHUTTLE EXPRESS lOULF KARACffI EXPRESS (CMOQ rasa vwaci ig» sw rasa voy| ju mm |mm mo km coi prg an SSSI2JL i£!« nm 1!m 5T urn »m nm nm »i/» Vim M SAGiTTA 03W520 20/05 OMIT* PtO NE9UOYD DAMMAN Ml 04/05 00/05 M/tS 10/06 15/05 10/05 U/05 24/05 00Q
      714 words
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      Page 30 Advertisements Column 2
      85 30 A SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN PORTS llgn, a M gun, ikvmy TMUII MUM «mni VtSStl VOY ETPSI ETA TYO TO KOI ETA YOU ETANGO ETAOSA ALLIGATOR MIRACLf ****** 24 MAY 01JUN 02JUN
      85 words
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      Page 30 Advertisements Column 3
      653 30 Lines services represented Members (2W@l;) /BR Singapore Forwarders \v|jgPw Accredited Shipping Agents, Association x°«.» 3/ Singapore Shipping Association MANY I HAPPY v BUT YOU LL BE THE ncn inmo one celebrating RETURNS $4.48* PEP MIN ON A for Mont DF tails (ai i r. IT S BT PACIFIC'S BT r
      653 words
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      1034 31 I SAX SERVKE (DIRECT) Ivgsa vor swta uu oa not hoii <w ax mm ar mtc mwHuaa oitt 06/05 21/05 as/ns 25/05 26/05 26/ os a>/ts 27/05 27/05 AftSWIL OQg 13/05 21/05 01/06 01/06 02/06 02/0> 02/0* 02/06 03/05 AfISAKPONTX 0031 20/05 04/06 00/06 01/06 09/06 09/06 09/06 00/06 10/06
      1,034 words
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      Page 31 Advertisements Column 2
      1887 31 I HANJIN SHIPPING HANJM SHIPPING PTIIIO t*m //m. com IOOKING SALB JJM774 231 OOCUMOT 37*0271 774 OPEUTKNK 37*0741 752 MAM UIK *****55 HI 777WM aHO **********0 M TO NW USA A CANADA USA CANADA* HMVSI/VOT MM 5 UMHM*/VOY SIA WIW I W I W MSP WT MT |Ml|HI IW TVt
      1,887 words
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      Page 31 Advertisements Column 3
      329 31 rasa wr m wt m m hk jh_ jw_ j*s_ l«ssa |wri sw j nre II£L^I/SLI MOMMA 07S 17/W IMS 07* 20/05 24/W 24/05 21/05 14/W I ffi WBSSHOM M7S 22/05 24/D5 31/05 02/84 BVD4 Ml? gffJLi lh\\ I il/M I M/fr IKMTMW&AII jB>S Ifcffl 07$ fumraH M3S 24/05 21/05
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      680 32 DSR-SENATOR LINES NOW ACCEPTING REEFER CARGO TO USA EUROPE FAR EAST PORTS NEWSHIP AGENCIES PTE LTD SINGAPORE: TEL: *****0 FAX: *****30 TLX: RS ***** FOB ENQUIRY/BOOKINGS: JENNY/LAY CHOOCATHERINE **********3 PORT KLANGt SXNARAN MALiM SDN BHD TEL: 03-*****88 (5 HUNTING LINES) FAX: OMSSaTH FOR ENQUIRY/BOOKING 8: MS TAN AI GEOK/MS. MARY
      680 words
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      Page 32 Advertisements Column 2
      1203 32 MY UNE YML ,nt rn# rt htt P //www. yml.com. tw &n«rt;iJti44-Hr f* «i ,wn^raH)M|T -™«oAY VESSEL VOY LEH FH HAM ANR HFA UN GIBRALTAR BRIDGE ABI3E SLO SLD SLD SLD SID 19/05 MING GLORY ABI4E SLD SLD SLD SLD SLD 26/05 MING MOON ABISE SLD SLO SLD SLO 19/05
      1,203 words
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      Page 32 Advertisements Column 3
      397 32 LINE JA mtsii34s«MXtaiisns MUARA ["TtABUAN VKsa vor m> n* vesa vor trt ra sro« turn srau in IPMSPB Vl*/* 10/05 a/05 i.nw» VI 20/05 24/05 /mouwr vi*/w 24/05 71/05 mourn vm/w m/os 10/05 1 nosm vi«/io jo/os 02/0* J- nwsw vi«/w 30/05 u/oo VttGUXT VI4I/94 04/ M 07/0* MtGUMtT VI4I/W
      397 words
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      1383 33 [vessel voy sin pou pko pen blw sur pub oa I bik IRAN VAHOAT PJL 1284 21/06 30/05 IRAN TAKHTI PJL 1286 28/06 06/06 07/06 IRAN TEYFOURI PJL 1287 06/06 14/06 16/06 IRAN MOBIN PJL 1283 20/06 28/06 30/06 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLANO POINTS IN IRAN CIS COUNTRIES I
      1,383 words
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      Page 33 Advertisements Column 2
      1098 33 DIRECT SAILING T shangha| xingang SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (IA) *****02 JOHORE OFFICECOSTAR SHIPPING PTE LTD #I/-OIDISIIDG SALES/IKGS 4205M1/43 INWARD DCPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD CR NO: **********0 M TOWER TWO (*****9) (ONVEHTIONAL *****50/55 T/SHPMT DEPT *****25 TEL
      1,098 words
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      Page 33 Advertisements Column 3
      653 33 EASTERN CAR LINER, LTD.'^^rlT 05 I l KL (SINGAPORE) PTE LTD |SWQ*UH»I«O»O»MBBfTUfTUriOI«TOMsI EQ iswarottl Wt UP LOADING FOR CHITTAGONG/ CALCUTTA ruiTTAAAMA MV "IB IVEtnT" vi \»nii IMUMW me cvckem *.o uu "U/Hm nA|K" V 7 ETA SIN U /05/98 EIA CTG 17/05/98 ETA SW 20/05/98 ETA CTG 26/05/98 EIA CAL
      653 words
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      1240 34 fWOMIIUSCAHDmAmmHIAHQmWA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HIS PKL SGP E DEVOTE RW-001 ZJ*6 12/06 17/06 13/01 15/06 11/06 17/06 E GLAMOUR RE 066 25/04 36/04 0146 26AM 26AM 24/05 25*5 E DEVELOP RW-001 30*5 19/06 24*6 20*6 22*6 23*6 24*6 E GARLAND RE-063 03/06
      1,240 words
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      Page 34 Advertisements Column 2
      603 34 IfeAß MAC-NELS STORE M'SIA I "—"Sr.. guess ft KILANG: (03) 300M77 JICT (21) *****07 MDW: (01) *****3 KUCWNQ (082) *****14 AUCKLAND L MV "NED. VAN NECK" V 8213 ETA SIN: 25-5-98 ALSO ACCEPTING TO: CHRISTCHURCH LYTTELTON WELLINGTON USA/ VANC CALL PEK KUAN/ CHUN LOO AUST/NZ CALL XIUHUA/SARJNA PUSAN CALL SURA/
      603 words
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      Page 34 Advertisements Column 3
      334 34 IcV NANTAI LINE FUUY CONTAINERS® SERVICE TO MAURITIUS SOUTH AfRKA YBStt I VOT I SI I PUI I DW I (FT I I/UT vmou&M toots w bah Mt n/w lUjjlllHjjjg M22S 31/D5 ]\M lift* ■WMjBK MPS ot/04 17/N 7\/% KM GOCDa DtA6o> MOSS IS/M ?Vfr »/M Q3/D7 mmiQUßi tons nm
      334 words
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      383 35 i BSfl it. mm> MYANMA wBBk FIVE STAR LINE (My owner National Um) v Loading for Yangon (Rangoon) vissa vor sw pkg pen p«j NURGUI 143W $10 lAGO 102W MPT MALAYSIA AGEHTS: KKJSTUC SHIPPING AGENCIES KUL m 02-03-*****00 ML TIL 02-03-37M101 PEN: m 02-04-2****** WO: m 02-07-*****21/4 BANK LINE (A
      383 words
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      Page 35 Advertisements Column 2
      1195 35 A HYUNDAI MERCHANT MARINE CO. UP. IVBSa VOY" V SOU lia I RTM lAW I HAW I IRY IFa 1 [ypsa~ VOTI SOU IfH RIM AWT [tami^^nß HY AMORAL 313W 21/05 00/0* 13/04 10/04 11/04 NOIKJUTI 3021 01/ OS 02/05 24/04 21/04 19/05 NOl CORAL 001W 22/05 12/04 13/04 07/04
      1,195 words
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      Page 35 Advertisements Column 3
      1088 35 nomeglon ip»QCHtfC oukxomtn WMJmLHeiMse* (Jt°)§(°](£ mm uncs TO NORTH AND LATIN AMERICA **ORO HEAVY LIFT SERVICE' fvlSSa VOY RAMP WIGHT SIM j LAX Cll MIA SAV Ml OKF NYC WW MM TBI? FfTfTSnSi OT~ IJ7STSW "5775rM75r TT7STTW"IT76r WST W57~ TOM Fill 4001 m 4.3 M 13/04 01/07 17/07 20/07 21/07
      1,088 words
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      690 36 BANQKOK/LAIM CHABANQ JAKARTA/PANJANQ VESSEL VOY SIN SKK LCH VESSEL VOY SIN JKT PJN BAN! BHUM 96N 19/05 23/Q5~ 22/05 ACX RUBY 22S In Pt 21/05 KITI BHUM" 54N 19/05 22/05 DEM BHUM 748S 19/05 22/05 21/05 SiNO OCEAN OCNQ79 20/06 23/05 XETHA BHUM 232S 21/05 23/06 MATHU BHUM 365N 20/06
      690 words
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      Page 36 Advertisements Column 2
      421 36 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAO. SINGAPORE 0206 TEL: *****68 FAX: *****64 TLX R*****6 SINMER CR No: **********0W Receiving Cargo at PTI I Bintulu I Muam j VESSEL VOT 5M |TU mstl W. WM ISm WaiOE 22 73/05 W/05 MMi V9BOBE 22 23/05 21/05 I Moil VWO7F 31-01/06
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      Page 36 Advertisements Column 3
      852 36 A ACCORD A SHIPPING PTE LTD TH *****13 (40 Lin**) FAX *****30 KMT KLAMC (03) U7 1001 Jf M DIRECT ACCESS TIL: *****55 (EXPORT BOOKING) MiIMUW (07)331 W7 *****34 (EXPORT DOC), *****39 (IMPORT) ntUMC j (04)332 1443 iAJOUU (11)140 0770 w m sin "pot ita sin pqit ha tin pont
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      410 37 INDONESIA NATIONAL LINE TO EUROPE "1 EXPWiSS SgMt-CONTAINEFBSED SgWVTCC m I VOY HHJBB HIMCM AHTWEHI VE»»EL I 45W8 HjW iim OMIT 1/7 TO AUSTRALIA "1 FULL comayMßß gPMCC m VOY fflt 1 BTO IB w m w WIMMY ves IMB IMB 77M IMS «1M MM 07M WIEMBWU) V 01S 2MB
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      Page 37 Advertisements Column 2
      994 37 I ADVANCE CONTAINER LINES (PTE) LTD I Af* I 140 Ocil Street. *12-00, PIL Building. Singapore *****0 M TEL: *****21, FAX: *****19, TELEX RS ***** ACLPL CR NO. **********0E OPERATIONS: *****60* *****05 J lANOKOK JAKARTA I (W—tly ll|« WW llf W1 «n XT) VESSEL VOY KKK VISSB. VOY JKT HSm
      994 words
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      Page 37 Advertisements Column 3
      826 37 [VESaELS I VOY law JED I MLA LEH HAM THP HTM zii VILEOEOEMHA H29N 22/06 30*08 04/06 06/06 11/06 12/06 13/06 iSoT" VK-LE D'ORION Y39M Mg6 03/06 QUW 14/06 15/06 ~~WO6 16/06 Wn~ VB.LE 06 MM<Q!LA V2BW 03W WW 16*06 21/06 23/06 2V06 2406 555 VtXE DC TANYA 11HIH 21/06
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  • Page 40 Advertisements
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      Page 40 Advertisements Column 1
      48 40 Dial 740-6000 on demand —UU (Retrieve more schedules!) Press "1" JC\ Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number J your phone number Another innovative service offered by The document Will be shipping hmes !!Igtgaaga.
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  • Page 43 Miscellaneous
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      Page 43 Miscellaneous Column 1
      127 43 LEGEND R Thunderstorm Temperature •<. X\ V Shower Weather Wmd direction with speed m knots Ron \y Cloudy Sky Wov h#, 9 ht Serfoce nWi are indicated by arrows which Hy with the wind Q One hM circle represents colm or kgtat ond vonoble wmdi .L_» One ho*f fleche represents
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  • Page 44 Advertisements
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      Page 44 Advertisements Column 1
      129 44 lo.rcieivc information from .itlvcriiscr ot your choice livfeil on this pj»c, simplv follow ilu I easy steps below 8C i liflilrZligflMg I•Jmtf.'l M'l^Vt .j m If I I I I I r/ «ii: r Mk. Singapore's First And Only Digital-DirectConnect'Service. Most analogue walkie talkies are like old handphones with poor
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