The Business Times, 29 May 1998

Total Pages: 44
1 44 The Business Times
  • 12 1 THTE BUSINESS TIMES MITA(P) 110/12/97 SINGAPORE Internet: http://www.asia! .com.sg/biztimes FRIDAY, MAY 29,1998
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  • 54 1 □sra UHJ2 (-33.91) (-7-93) nBTHGA M82j06 (-2.06) QMjynraraoooe Hmnday Change KLSK COMP 544.74 -7J4 NIKKEI +ltt» HANGSENG SJfTlM ***** SET INDEX JAKARTA COMP 414.23 -176 MANILA COMP _1I14H -46.91 TAIPEI WP! aiMJC +618 SEOUL COMP m» +9.61 CLSA CHINA B 996J6 16.94 AU8TALLORD 1714.9 4*7.1 Spa EOT Omge
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  • 71 1 il FOBEX BATES ust St £AB*Mper£) LwZIlTM DM 1.778 0M9 Wi 117.1 U17* 10 UK 8433 HKS 7.748 Mil BAHT 9* IMS HJPUH 11.460 Mil' •Sftoimwua FimB BATES SINGAPORE* 7JB KlIALA LUMPUR 11.60 JAKARTA 28.® BANGKOK 14.75 MANILA _SJI HONGKONG 10.25 TAIPEI 8.80 SYDNEY 8.45 TOKYO in SEOUL 14#
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  • 1494 1  -  Biggest Indon private bank taken over by state agency after run on bank From\ SN Vasuki in Jakarta INDONESIA'S Salim Group last night lost management control over its crown jewel Bank Central Asia (BCA), Indonesia's largest private bank in a sign
    AFP  -  1,494 words
  • 667 1  -  That could mean fewer buyers for private condos By La Lee Han Shih Diana Oon [SINGAPORE] Developers struggling to find buyers for tens of thousands of apartments under construction could soon be hit by a dose of bad news the government might
    667 words
  • 342 1  -  By Diana Oon [SINGAPORE] In what looks to be the biggest price cut by a developer of a landed project, United Overseas Land is relaunching its Island Country Villas at prices that are up to 35 per cent below launch levels a
    342 words
  • 368 1  -  By: R Sivanithy [SINGAPORE] Pressure on regional currencies and a wavering Wall Street knocked back equity markets yesterday, with the Thai market slumping to its lowest in more than 10 years and Singapore and Malaysian stocks closing at their January lows.
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  • 48 1 Bloomberg [NEW YORK] US stocks rose in early trade yesterday after four straight days of declines that included a 150-point slide on Tuesday. At 2 pm EDT, the Dow Jones Industrial Average was up 26.41 points at 8962.96 as bargain-hunters moved in.
    Bloomberg  -  48 words
  • Page 1 Advertisements
    • 114 1 UIIUW B i i, Pakistan Modncts Pakistan yesterday conducted its first nuclear test blasts yesterday, drawing condemnation from some nations and swift sanctions from the US. "We were never trying to get into the nudear race in the first place," said Prime Minister Nawaz Sharif in a TV broadcast, PglO
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    • 34 1 ALFRED DUNHILL Tin: New Sr«i\<./Srmmk* 199H Tie Collection g jjji hL Mm VISIT ALFRED OUNHILL AT RAFFLES HOTEL ARCADE. NGEE ANN CITY, SOGO RAFFLES CITY AND DAI MAR U LIANG COURT. A. X td
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    • 7 1 Tmdaj'ittveprts Wall Stat the crossroads, Pg 13
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  • SINGAPORE AT HOME & ABROAD
    • 599 2  -  Decisions on plants worth USs2oom each expected in a few months By\ Ronnie Lim DESPITE the regional downturn, two Japanese investors Mitsubishi Chemicals and Mitsui Chemicals say they are likely to proceed with plans for second petrochemical projects in Singapore worth
      599 words
    • 399 2  -  HK fnnd Regent sees 1-2 quarters of negative growth at worst By\ Loh Hui Yin in Hongkong SINGAPORE should be able to manage 0-2 per cent growth this year because its economy did not get into the excesses
      399 words
    • 305 2 ALL fixed-line telephones and facsimile machines will have eight digits by 2003 or 2004 with a single "6" added in front of the existing seven-digit numbers. In its latest quarterly magazine Vistas, the Telecommunication Authority of Singapore (TAS) says: "TAS decided
      305 words
    • 331 2  -  EYE ON THE ECONOMY Manufacturing By, Jenifer Lien HIT by a 4.7 per cent decline in electronics production, manufacturing output growth slowed to 1.3 per cent in April, latest figures from the Economic Development Board show. The electronics sector was hurt by continued poor disk drive output
      Source: UOB  -  331 words
    • 262 2  -  Byt Carol Eng THE National Trades Union Congress (NTUC) hopes the government's "off-budget" measures to boost the economy will go beyond cost-cut-ting and infrastructure spending to moves that will encourage investments in new capabilities. For example, there could be more resources for incentive
      262 words
    • 307 2 SEDENTARY, pragmatic, and highly influenced by the media in buying decisions that's the picture of the young Singaporean adult that emerged from a recent survey. The survey of some 1,200 adults aged 20 to 39 by business studies lecturers from Ngee Ann Polytechnic was
      307 words
    • 180 2 TEXCARE Asia, an international trade fair on textile care and dry cleaning, will be held in Singapore for the first time at the World Trade Centre from Aug 19-21. Planned two years back when the East Asian economies were still booming, the fair
      180 words
    • 287 2 They will be more performance-based, tailored to lifestyles FUTURE employee benefits in Singapore will be perfor-mance-driven and structured to suit the convenience and lifestyle of workers. So said Mark Myerson, managing director of NMG Benefits, an employee benefits consultancy firm, at a seminar organised
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    • 266 4 Recipients are Dow Chemical, Edison Mission, Michelin THE Economic Development Board (EDB) yesterday presented regional headquarters (RHQ) awards to three companies, bringing the total number of firms in Singapore with RHQ status to more than 120. The three MNCs are Dow Chemical Pacific (Singapore),
      266 words
    • 419 4 This marks JLWs most successful sale since Jan PROPERTY agents from Jones Lang Wootton were in high spirits yesterday after they auctioned off eight lots of property. This is the biggest number of properties sold by JLW at its monthly property auctions since January this
      419 words
    • 389 4  -  Unit cost will doable when new vehicle tax system starts Reports by Christopher Tan THE times notwithstanding, transport operator City Cab expects to expand its Merce-des-Benz taxi fleet to about 200 cars by September, up from 140 now. But that's not
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    • 134 4 HAY Management Consultants yesterday announced the launch ofPayNet, the first Internet-based pay information service in Singapore. This on-line subscription service allows Hay's corporate clients to access information from the Hay Compensation Database, which contains data on salaries and bonuses. It also enables users to conduct
      134 words
    • 218 4 TAXI commuters will soon be able to enjoy a new London cab, the first model revision for the British icon in more than 30 years. Trans-Island Bus Services (Tibs) has ordered three units of the new-look carriage, and will put them on the road later
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  • Page 2 Advertisements
    • 474 2 Auction Swiss based group opens its program for Asean. Custodians Superintendence and Trustees Company SA. Custodians Art/Wealth Assets, Superintendence Copyright, Trustees of Intellectual Property IMPORTANT EXTRAORDINARY (RESTRICTED) AUCTION® HIGH INTERNATIONAL EXCELLENCE LEVELS including unique superb and rare categorized examples rarely offered in Singapore. TRUE PERSIAN AND IRANIAN CARPETS OTTOMAN/TURKISH AND
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  • Page 3 Advertisements
    • 231 3 I Introducing I I the all new I I Cadillac Seville I I Luxury Sedan I /Win Mh yr .11 \n f .11 h It: V nil ml llir I .iilill.n '.rviltr I iimii y !.nl.ni IM!. I \l.inil\ .r. v mnllin riiijinrr i nil) milr .Innr nn In lln
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  • Page 4 Advertisements
    • 47 4 jl IMC See <c yyi li_ 1,~i31 1 ni IT wni ii I Blx i \aW ij&\ t '»■>-»•""" v -s K m mSf "ft IraW l*;\4 V 1 aA c# ll l iiVI Wl, >■"" \V- 1 SPfm 1 wmL v* v; ■b> m \<- 1 .(i m v
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    • 90 4 J Hlr jfl Wt-\l< :/v If# I Surviving the T jg currency storm Opportunities W in South Africa I Inside the XXI f furniture lldlTIO industr i&. International G*s£v*g goes global PWrl EXCLUSIVE! Richard Heifer W talks to Directions Directions the business magazine is on sale at branches of Kinokuniya,
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  • SOUTH-EAST ASIA
    • 414 5  -  Their presence will boost foreign mrrhangfl flurnin^ says Unctad official From, Loh Hui Yin in Hongkong THERE should be more efforts to tap foreign direct investments from Asia's small and medium-sized enterprises (SMEs) as they tend to perform better than bigger firms that
      414 words
    • 340 5 BANGKOK Tourist numbers expected to rise but revenue will be less than last year Reuters AFP FINANCE Minister Tarrin N immanahaem inda said yesterday that Thailand was prepared to ride out any renewed Asian financial turmoil with additional assistance pledged by
      Reuters; AFP  -  340 words
    • 385 5  -  SINGAPORE Many assets still valued at pre-crisis prices: consultancy By Ven Sreenivasan THE Asian economic crisis has produced acquisition opportunities for multinational companies, but prospective buyers should proceed with caution and diligence, said management consultants AT Kearney yesterday. The company's vice-presi-dent and
      385 words
    • 349 5 MANILA AFXAsia AFP THE World Bank has agreed to exclude the lifting of the country's bank secrecy law as a pre-requisite for the release of a US$3OO million (*****.4 million) banking reform loan to the Philippines, central bank governor Gabriel Singson said.
      AFX- Asia; AFP; FILE PHOTO  -  349 words
  • Page 5 Advertisements
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  • INDONESIA IN TRANSITION
    • 288 6 Court martial on student killings to start next week Reuters Bernama [JAKARTA) Indonesia's military put on a public show of unity yesterday when armed forces chief General Wiranto conducted a change of command ceremony for a rival general who is a son-in-law of
      Reuters; Bernama  -  288 words
    • 701 6  -  Meanwhile, political establishment shows signs of splintering into new parties Prom SN Vasukl in Jakarta THE Habibie government and opposition groups are headed for a major confrontation over the timing of fresh parliamentary elections. While President B J Habibie and
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    • 278 6 Reuters [JAKARTA] The IMF's AsiaPacific director said yesterday the fund would consider whether its US$4l.2 billion (5568.7 billion) bailout for Indonesia was still enough to rebuild the shattered economy in the wake of sweeping civil unrest. Hubert Neiss, here to review economic and
      Reuters  -  278 words
  • Page 6 Advertisements
    • 1690 6 1997 Consolidated Financial Statements (in millions of Canadian dollars) as at ocroti JJ WW 1996 *o* ntt run uoto ocnui 31 WW 1996 1995 users n imusr ihcome CASH RESOURCES *,762 Cash and non-interest-bearing deposits with Securities 2346 2.36* 2.144 Bank of Canada and other banks UM 1,654 Deposits with
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    • 124 6 3 Mycom Screw Compressors (Ammonia) for refrigeration plant Geneplast Cold Storage, 110 kw/unit, Delivered Nov 91 Good condition, reasonably priced, located in Jakarta. I Mr Willy H J f —ujv\: s 1 I WORLD WIPE II Since 1975 our worldwide staff of ow 275 multi-discipiined professionals I I including lawyers,
      124 words

  • CHINA-HONGKONG-TAIWAN
    • 303 7 BEIJING Sharp upswing needed to meet 8% GDP growth target, says Xinhua AFP CHINA'S state media warned yesterday that only a dramatic upswing in the industrial sector will enable the country to meet its 8 per cent economic growth target for this year. "Chinese
      AFP  -  303 words
    • 378 7  -  SINGAPORE By\ Lu Ning SINGAPORE property tycoon Tao Shing Pee and his partners will officially launch China's largest international trade mart, Shanghai Mart, on Oct 20. The 280,000 sq m complex, which has taken US$25O million (Ss4l7 million) and
      378 words
    • 152 7 BEIJING AFP CHINA'S central government confirmed yesterday that 200 people had died in floods nationwide since early May but sought to ease fears, saying unusually early summer rains did not mean worse was to come. "More than 200 people are
      AFP  -  152 words
    • 561 8  -  Bnt deputy chief warns banks'asset quality will worsen, profitability will fall From Quak Hiang Whai in Hongkong THE Hongkong Monetary Authority yesterday gave the banking industry a clean bill of health as all local banks continued to make money in the first four
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    • 611 8  -  Prom Quak Hiang Whai in Hongkong A SERIOUS liquidity crunch and the severe mismatch of customers' deposit and interbank rates in Hongkong will lead only to lower profits this year but not any serious solvency problems even for the smaller banks, Hongkong Monetary
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    • 494 8 HONGKONG Reuters HONGKONG leader Tung Chee-hwa said signs that the once-booming economy in this new special region of China was slowing fast will not change its policy to peg the territory's currency to the US dollar. Mr Tung said Hongkong may register
      Reuters  -  494 words
  • Page 7 Advertisements
    • 156 7 iv^ii^SH |f| I '^'ti*>-- ?SJ §PP B"W I I B V V r t §fi||H I inate 0 Singaporeans. H :.f:V f^JsGSfeS"SriiflH ft the perfect time to advertise and score I fast food, fashionwear... I Starting 23 May, the sports pages of our -^:^j|ffis33fty^^B I the action with reports of
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  • Page 8 Advertisements
    • 128 8 There are lessons to be learned from the competition but fear is not one of them." tifords of wisdom CONQUER FEAR with the all new 1 AH I i I I IkTj I H 111 v 111 l| l A ***** VIJa I JA ■■Ik I A« 1I I■ 11
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    • 77 8 I MADE IN GERMANY SINCE 1842 The hallmark aff Offermann is restrained elegance. This superior Business case provides optimal performance due to its strength, layout and lightweight construction. Mott-DVocK comoinanon lociu vniurv easy use and high security. A spedal additional feature is a Shirt Bag, which fits inside all the
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  • ASIA
    • 466 9  -  April figures show economy going into recession much foster than expected From. Jennifer Veale in Seoul THE depth of South Korea's economic slowdown was revealed yesterday by new figures which showed the biggest fall in industrial output since the end of
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    • 267 9 SANTIAGO Bloomberg SOUTH Korea's economy may contract up to 4 per cent this year, falling short of a target agreed upon last month by the government and the International Monetary Fund (IMF), a central bank official said. Plummeting consumer spending,
      Bloomberg  -  267 words
    • 101 9 SEOUL AFP A PLANNED trip by a business tycoon to take 1,000 cattle across the border to North Korea will be a breakthrough in relations between the two rivals, South Korean President Kim Dae Jung said yesterday. "The trip, which will soon be realised by honorary
      AFP  -  101 words
    • 299 9 SEOUL Lukewarm support for KCTU; govt keeps to hardline stance Reuters A MILITANT South Korean union group said it would end a two-day strike late yesterday amid signs that it had lukewarm support. "The two days of strikes will come to a stop late today
      Reuters; REUTERS  -  299 words
    • 529 10  -  Fiscal deficit hit of GDP in 1997/98 while growth slowed to 5% From'. Rajendra Bajpai in New Delh i INDIAN Prime Minister Atal Bihari Vajpayee's government painted a gloomy picture of the economy's performance in the year ended March 31 and admitted that
      529 words
    • 111 10 TOKYO Bloomberg A FORMER Finance Ministry official denied that he accepted bribes in the form of lavish entertainment from major brokerages in return for special treatment. Takashi Sakakibara, 38, admitted at his first hearing in the Tokyo District Court that he was entertained by the
      Bloomberg  -  111 words
    • 426 10 ISLAMABAD Its 5 tests level the score with India; US to slap sanctions Reuters AFP Bloomberg PAKISTAN said yesterday that it had conducted its first nuclear test blasts, drawing condemnation from some nations and swift sanctions from the United States. Pakistan Prime Minister
      Reuters; AFP; Bloomberg  -  426 words
    • 226 10 TOKYO back production to offset slower sales Bloomberg JAPANESE companies made fewer vehicles and machinery last month than in March, the third straight monthly decline, as they scale back production to offset slower sales in Asia and at home. Industrial output fell 1.1 per cent
      Bloomberg  -  226 words
    • 71 10 [SYDNEY] Andrew Parker of the Australian Museum yesterday holding up a South American morpho blue butterfly, its brilliant iridescence produced by grooves similar to those found on fossils from 500 million years ago. Mr Parker discovered the tiny grooves, similar to those found on a compact disc
      REUTERS  -  71 words
    • 179 10 WASHINGTON Bloomberg US Trade Representative Charlene Barshefsky has ordered a review of New Zealand's intellectual property protection laws, after the country lifted restrictions on so-called parallel importing. The US is concerned about potential damage to US exporters and says New Zealand's government "has
      Bloomberg  -  179 words
  • Page 9 Advertisements
    • 167 9 REFRIGERATORS FOR TODAY'S LIFESTYLE Specialist in built-in appliances for better cleaner kitchens CLEARANCE SALE NOW ON PAZYRYK Carpets Stock learance Sale Kii d s «S tI) of Juii c '9<S wide range of quality Persian tS. Caucasian Carpet. Rug, kilim. Runner Gabeh, which are specially imported to Singapore to meet
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    • 486 9 An offer only WoHdPerks could make. Join today to fly free faster! Between now and September 30, 1998, take just two qualifying This World Perks promotion is valid for qualifying flights from now roundtrip flights in First Class or World Business Class" on through September 80,1998. Simply complete the application
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  • Page 10 Advertisements
    • 141 10 ■m li I < wp 2^ {^^^^^^^BB^^^^^Kp&fiHßßißP^^H&Kifß ir<% »U| f Alas J. •.,'V... JjHß* -<*9Kl^^BP* j V I M gsg* mynp^ ,i^E^ Vi/> -4ES 4E& BMjMk'^iffir^' JjM m;, ■kfe^ f r When you stay at a SOMERSET residence, you'll enjoy the comforts of modern amenities. And be pampered with service
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  • Page 11 Advertisements
    • 168 11 SIEMENS y PERFORMS WHEN WHEN 'u WANTS TO. TO. Hgp J||gß I '-Mrf m. M/ :J'\n i /rfli VY y. I mi lA"" 1 a/mm 11 a ADVANCED SIMPLICITY FOR ASIA. To find a business 150 years of Siemens technology have gone into making partner who understands the simplicity and
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  • THE WORLD
    • 646 12 MOSCOW Cmrency collapse could spark Asian-style economic crisis, say analysts AFP RUSSIA'S government is defending the rouble at all costs because a currency collapse would undermine seven years of market reforms, touch off Asian-style economic collapse and have dire political consequences,
      AFP  -  646 words
    • 438 13 WASHINGTON But slower growth ahead as stocks pile up, exports and earnings weaken Bloomberg THE US economy grew at a faster pace in the first quarter than previously estimated as inventories piled up at a record pace, in part reflecting the availability of
      Bloomberg  -  438 words
    • 650 13  -  Strategists wonder if serious correction is at hand From. Andrew Marks in New York A LATE round of bargainhunting and buy orders from computer trading programs reversed a day of sharp declines on Wall Street and prevented a repeat of Tuesday's loss
      650 words
    • 747 13  -  EUROPEAN VIEW Russia's free market may begin tts death throes; the Danes will shape the ftatnre of the European Union Kevin Sullivan CHILLING news from Russia this week as the fragile shoots of economic recovery withered in a financial-markets whirlwind.
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  • Page 12 Advertisements
    • 3025 12 ©Focal Finance Limited (Incorporated in Singapore) Focal Finance A Member ot the OCBC Group I BALANCE SHEET AS AT 31 DECEMBER 1997 I Notes 1997 1996 No"* 1*97 1996 I LIABILITIES AND SHAREHOLDERS' EQUITY ASSETS Currenl liabilities: I Current assets: Deposits and savings accounts 3 1,117,800,005 1,033,677,352 I Cash, deposits
      3,025 words
    • 725 12 Noble group limited (Incorporated in Bermuda with limited liability) Notice of Annual General Meeting Notice is hereby given that the 1998 Annual General Meeting of the Com pony will be held at Chief Executive Suites II 111, Grand Hyatt Hong Kong, 1 Harbour Road, Hong Kong on Monday, 22 June
      725 words

  • Page 13 Advertisements
    • 2494 13 BUSINESS Not ices To advertise call toll-free 1800-*****83 8 1 Shanqrita hotel UMTTED I (Incorporated in Singapore) H NOTICE OF ANNUAL GENERAL MEETING II NOTICE IS HEREBY GIVEN that the Thirty-Seventh Annual General Meeting of Shangri-La Hotel Limited will be held in the II Katong Room, Tower Wing, Shangri-La Hotel,
      2,494 words

  • EDITORIAL & OPINION
    • 718 14  -  TMU BOYTOMLIMB OPINION By Ronnie Lim The writer is BT's trade and industry editor THE power game is changing, clearly for the better, in Malaysia The strongest signal of this emerged just this week, when Tenaga Nasional, the country's largest utility, contracted
      718 words
    • 128 14 'If a president were to murder a political opponent, he would argue that the resulting uproar could impair his legislative programme, distract him from tjis duties, affect his dealings with foreign heads of state and potentially give rise to impeachment proceedings the very arguments raised by the
      128 words
    • 627 14 EDITORIAL IF the Investment Management Association of Singapore keeps to its plans, Singaporeans will soon be blitzed by a campaign on the art of investing in unit trusts. This sudden activism by investment managers has to do with the recent liberalisation of CPF unit trusts.
      627 words
    • 1058 14  -  Those who say US played leading role in bringing Indonesian leader down live in a Cold War time warp By\ Leon Hadar The writer is BT's Washington correspondent CONSPIRACY theorists in the US are trying to describe last week's resignation of
      FILE PHOTO  -  1,058 words
    • 869 14 Russia's financial chaltongs HAVING staved off two attacks on the rouble in the past eight months, Russia now faces an even greater challenge. The rouble on Wednesday came under its most serious pressure yet, prompting a rise in interest rates to 150 per cent. Whether Russia
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  • Page 14 Miscellaneous
    • 23 14 DOOHESBPRY By Garry Trudeau twumoumuervesiN- mvsx/weAOfm I CBRiTYOFOuRcamrmfT that you coup think m mnuTK/rr.mPOiPO f T)RSPUC£7BENSMQMJ6* US CAWOL3 OF P&H6 Hi IHBUTTL3 f
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  • Page 15 Advertisements
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  • Page 15 Miscellaneous
    • 512 15 TV&RADIO Rhonda. ILOO Tales of the City (Last aniitii«»miTTS>^^— Premtore 12 3.00 News 5 Today followed ep). 2.30 PM TV Innovations. by Harley Davidson 12.00 MN Midnight Movie 4.00 Kidz And The Marlboro Chu Yuan. 4.30 Dr Xargle. 4.00 News 5 Today followed 2J28 MTV's Mandarin Top 5.00 The Why
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    • 164 15 CRYPTIC CROSSWORD 30 Change back, then phoned the editor (10) 14 At a standstill, try it on as a TESTESDAT*B SOLDIION down moving ploy (10) |g|alz|p|alc|hTo^^^B^ll 1 Found anything but honour- 16 maybe before a worker able (4) ooukl get cantankerous (8) H 1 Mi M 2 Indulgence shown towards
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  • EXECUTIVE LIFESTYLE
    • 657 16  -  British comedian takes sombre composers off their pedestals and shows that classical music can be enjoyed by everyone, says jaimbbb JAIME EE RAINER Hersch was right when he said most people's experiences with (and interest in) classical music begins and ends in school, thanks to
      657 words
    • 764 16  -  PERSPECTIVE A first-hand account of a journalist who stayed on after rioting broke ont Byi Goh Hwee Leng [JAKARTA] Moving around bustling Jakarta today, one would find it hard to imagine that just a fortnight ago, the country of 200 million was on the
      FILE PHOTO  -  764 words
    • 511 16 FRENCH OPEN AFP [PARIS] World No 1 Pete Sampras failed once again to win the only major title missing from his collection on Wednesday when he was drummed out of the French Open by Ramon Delgado of Paraguay. The 26-year-old American, who has
      AFP  -  511 words
  • Page 16 Advertisements
    • 1062 16 BUSINESS \()f f('CS I<> aclMTlisc mil 1011-liit I SOU- 4 I ISN* LIANG HUAT ALUMINIUM LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT PROPOSED BONUS ISSUE ("BONUS ISSUE") OF A MINIMUM OF 218,000,000 AND UP TO A MAXIMUM OF 272,500,000 NEW ORDINARY SHARES OF SSO.IO EACH ("BONUS SHARES") IN THE
      1,062 words
    • 143 16 PRICE WATERHOUSE INTRUST LIMITED and RAFFLES FINE ARTS AUCTIONEERS ANNOUNCE AN IMPORTANT EXHIBITION and SALE of THE SH SAMEYEH COLLECTION TRUE PERSIAN and IRANIAN CARPETS at CHUMES 01-06 A, No. 30 Victoria Street, Singapore Tuesday 16 June Ttiesday 23 June 1998 11.00 am 9.00 pm daily Background: The Sh. Sameyeh
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  • Page 16 Miscellaneous
    • 193 16 THE WEATIim Slncmporec Fair and warm. Temperature (31/26 C) ranMn WBI* CM. Immtm 1177 doudy Sioeihohn 8/l« cloudy Auckland 11/11 showws Meat dw Vtmß IVN ittawm Banrtu* WM Aowm Z"** Mlm IVSO far Dwipi WBP OhmL Bombay JM4 Mr AMrdu 11/16 tioud) WBP (M Brabant; 12,74 dear Atfmi 1&76 (*wd>
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  • COMPANIES & MARKETS
    • 471 17  -  Bank silent on loans outstanding after repayments, credit line adjustments By\ Slow Li Sen [SINGAPORE] In line with the fall in property and equity values, Tat Lee Bank has reduced its loan exposure of more than half a billion dollars to
      471 words
    • 534 17 Bloomberg [KUALA LUMPUR] For several months last year, 51-year-old Samy Marimuthu was a happy man. Within two months of buying shares in a small cosmetics company, Zaitun Bhd, Mr Samy's wealth on paper surged as much as 77 per cent.
      Bloomberg  -  534 words
    • 125 17 [SINGAPORE] Mid-Conti-nent Equipment Pte Ltd, an associate of mainboard-listed Ipco International, has received in-principle approval for a listing on Sesdaq. Ipco owns 50 per cent of Mid-Continent, which distributes pipes and other equipment for the oil and gas industry. Mid-Continent's other major shareholder
      125 words
    • 729 17  -  HOCK LOCK SIEW R Sivanithy IT'S A FACT of life that a bull run usually gives the market an odd sense of invincibility, putting a swagger in the step of those who have money in the market at the
      729 words
    • 433 17  -  New tenant part of plans to liven np that part of Orchard Rd By, Jenny Lam [SINGAPORE] A million-dol-lar billiard .saloon will be opening soon at the former Blackjacks shop space at HPL House in Cuscaden Road, as part of a plan to turn
      FILE PHOTO  -  433 words
    • 280 17  -  By\ Meera Tharmaratnam in Kuala Lumpur EON Bhd, the main distributor of Proton cars, saw its total cash reserves dwindle by two-thirds to 198.5 million Malaysian ringgit (5585.9 million) in 1997 on poor sales, according to its latest annual report. Indeed, the decline in
      280 words
    • REGIONAL COMPANIES
      • 292 18  -  Exercise will cut short-term loans and help finance property projects By I Samuel Ang [SINGAPORE] Richard Li's Pacific Century Regional Developments Ltd (PCRDL) is raising $240 million in what is believed to be the stock market's second biggest cash call this year
        292 words
      • 191 18 Bloomberg AFX-Asia [HONGKONG] Sing Tao Holdings Ltd's takeover by Mingly Corp has been thrown into doubt one week after the property developer agreed to buy chairman Sally Aw's controlling stake in the newspaper publisher, Hongkong newspapers said yesterday. The South
        Bloomberg; AFX-Asia  -  191 words
      • 351 18  -  Renong nnit hopes to close deal in a year to help cot debt From] Eddie Toh in Kuala Lumpur DEBT-laden Time Engineering, a unit of Renong Bhd, is counting on fresh capital from a new partner for its telecoms subsidiary within 12 months to
        351 words
      • 80 18 [HONGKONG] A woman yesterday making Turkish coffee for visitors to Cathay Pacific's booth at an international tourism exhibition in Hongkong. Cathay Pacific has launched a new direct route to Istanbul, Turkey. The Hongkong-based carrier is likely to offer a special promotional price for the new route as
        AFP  -  80 words
      • 240 18 Reuters IJAKARTA] Indonesian telecommunications giant Telkom announced a first-quar-ter net loss yesterday, saying foreign exchange losses due to the rupiah's plunge had hit its results. PT Telekomunikasi Indonesia, the country's biggest company, said its net loss in the three months to March 31 was
        Reuters  -  240 words
      • 228 18 [KUALA LUMPUR] Land General chairman Wan Azmi Wan Hamzah recently sold a chunk of the company but he is not bailing out altogether. "I'm not selling out of the company," the prominent businessman told BT on Wednesday. He said the sale
        228 words
      • COMPANY Briefs
        • 59 18 [SINGAPORE] Metalock (Singapore) yesterday posted a net profit of 93.4 million, up 77 per cent on an 82 per cent surge in turnover to $59.4 million for the year ended March. It declared a dividend of 10 per cent less tax and an
          59 words
        • 37 18 [SINGAPORE] Singapore Technologies Industrial Corporation yesterday said it bought ST Energy Pte Ltd from its parent, Singapore Technologies Pte Ltd, for $2. ST Energy is now a wholly-owned subsidiary of STIC.
          37 words
        • 63 18 [SINGAPORE] Khong Guan Flour Milling Ltd yesterday said former general manager Robert Ang Chun Ti has returned in fUll the 13 million of company fUnds he Is alleged to have misappropriated plus compensation for loss of interest. Mr Ang was suspended last week. The company
          63 words
        • 75 18 [SINGAPORE] Sea View Hotel chairman Lim Sin Hoe bought 30,000 Sea View shares at 14.50 apiece on Wednesday, the company said yesterday. Held in the name of DBS Nominees Pte Ltd, the shares amount to a 0.14 per cent stake in Sea View.
          75 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 185 19 Bloomberg IPALO ALTO, California] Hewlett-Packard Co agreed to buy Samsung Electronics Co's 45 per cent stake in Hew-lett-Packard Korea for US$36 million (Ss6o million), helping Samsung raise money in the midst of South Korea's economic crisis. HP also agreed to buy a
        Bloomberg  -  185 words
      • 370 19 Cable Wireless to buy MCI Net unit for £385 m Sale erntial for approval of WorUCom-MCI deal Bloomberg [LONDON] World Com and MCI Communications agreed to sell MCl's Internet unit to Cable Wireless pic for £385 million (551.04 billion) in cash, to meet regulators' demands in WorldCom's US$4l.B billion bid
        Bloomberg  -  370 words
      • 286 19 Side cushioned by lower fuel prices and cost-cutting FT [LONDON] A strike by cabin crew and the strong pound cut British Airways' annual pre-tax profits by 9.4 per cent to £580 million (Ssl.6 billion) last year. However, lower fuel prices and a
        FT  -  286 words
      • 543 19 NEC, Hitachi, Mitsubishi, Oki all hit by Asian stamp, weak chip prices AFP [TOKYO] Japan's electronics giants announced grim profit falls yesterday, dragged down by an economic slump across Asia and a price collapse in the semiconductor market. NEC Corp, the world's
        AFP; FILE PHOTO  -  543 words
      • 314 19 Company battered by unpopular models, poor Asian sales Reuters Bloomberg [TOKYOJ Mitsubishi Motors Corp lost 101.85 billion yen (Ssl.2 billion) last fiscal year, reporting its first consolidated net loss in 24 years as its business got battered by weak sales and currency losses in
        Reuters; Bloomberg  -  314 words
    • FINANCE & COMMODITIES
      • 308 20 Bloomberg [ST GALLEN, Switzerland] Deutsche Bank, Germany's biggest bank, on Wednesday said it is interested in buying some Swiss units that Union Bank of Switzerland must sell after it merges with Swiss Bank Corp to form Europe's No 1 bank. Deutsche is
        Bloomberg  -  308 words
      • 509 20 Officials argue that London exchange's plan could unsettle prices and stocks of tin in Asia Reuters [KUALA LUMPUR] Malaysia is Fighting a plan by the London Metal Exchange (LME) to set up a warehouse for tin in Singapore, arguing that the move could
        Reuters  -  509 words
      • 320 20 More alliances being forged after Tokyo's BUBaitf Bloomberg Reuters [TOKYO] Fidelity Investments of the US and UK-based HSBC Holdings pic have announced new alliances with Japanese banks to sell their mutual funds to individuals. Fidelity, the biggest fund company in the US,
        Bloomberg; Reuters  -  320 words
      • 310 20 Talks between banking groups and regulator questioned Reuters WASHINGTON! Private communications between Federal Reserve Board staff and Citicorp and Travelers Group Inc ahead of their multi-billion-dollar merger announcement have sparked criticism from consumer groups that the Fed went too far in advising them. Before announcing their
        Reuters  -  310 words
      • 228 20 SI M HX Report Reuters [SINGAPORE] Simex Eurodollar futures softened yesterday as the Tokyo stock market steadied with the yen, although dealers said there were still concerns about Wall Street's outlook and Russia's financial stability. "We saw quite a lot of buying yesterday on flight
        Reuters  -  228 words
      • 163 20  -  MSCI TAIWAN FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore [SINGAPORE] Open interest for the Simex MSCI Taiwan Stock Index futures contract hit a record high 0f25,656 contracts on Wednesday, surpassing the previous record of 24,338 contracts set on Tuesday. The Simex
        163 words
      • 273 20 ENERGY REPORT Bloomberg [NEW YORKI Crude oil and petrol futures fell 2 per cent after an industry report showed an unexpected rise in petrol inventories and lower demand before the start of the summer driving season. US petrol inventories rose 1.5 per
        Bloomberg  -  273 words
      • 292 20 AFP London THE yen fell against the dollar and mark yesterday owing to renewed fears about the economy in Asia, and the mark steadied on signs that the crisis in Russia was calming down. The yen fell to 138.90 to the dollar from 137.33 late on Wednesday and
        AFP  -  292 words
      • Article, Illustration
        1095 20 nmWllWKCEOWEATMl Ma v* 8 AS t»fc ECU Or WK$ l*»»lwHfc Y- Mm 8M M2$E*«» Ht» Si UX Sfr NTS Mtt N—4 W MM 0.906 6.171 0543 17T7 1109 4530 25.773 ***** 0.855 0741 2.401 1*5 ***** 24J77 L041 1208 0.9W ZlW 24.844 0782 0.623 C«MU 1103 5.709 0521 4.101 1723
        1,095 words
    • 1664 21 SICOM HJTOBBS May28 RVJB8CR (futures ctosiaq is at 5 30»m) RSS1 CONTRACTU cMts/k«> Ctost Votoim Opm Month Hkjh Low Sott (tonos) hrtfst Jun 98 126.00 126.00 126.00 50 600 Jul 98 126.00 150 1415 Aug 98 126.25 126.25 126.25 400 2065 Sep 98 127.50 127.50 127.50 450 1215
      1,664 words
    • 2106 21 LONDON tmm acn *321)00 TjQOO AS Ports 3S2.000 -3.400 Aftbay National 1083.000 *19.000 AMadDomacq 605.000 1.000 Aanac 190.400 *0400 Aula Croup 183.000 2-200 BAT M 560.400 4.400 80 Pic 322.000 -3.600 BKC 166.000 -LOOO BOC Group 978.000 20.000 BRPatroloum 914.000 -8.400 BTR 205.000 2.000 Bank of Scotland
      2,106 words
    • 1507 21 Bloomberg QnkttZK +131 M JAPAN'S benchmark stock index rose after tumbling on Wednesday, led by exporters such as Pioneer Electronic Corp as a late rally by US stocks lessened concern that profit growth may be slowing in the world's largest economy. "Wall Street's resilience gave the market a psychological
      Bloomberg  -  1,507 words
    • Article, Illustration
      1521 22 Reuters PHangSeag •IQS.O STOCKS closed weaker yesterday after concerns about the local economy sent the market on a rocky ride, and brokers said sentiment remained poor. The Hang Seng Index fell 105.49 points, or 1.17 per cent, to end at 8,877.94 after hitting a high of 9,066.79. The blue
      Reuters  -  1,521 words
    • Article, Illustration
      577 22 Reuters QShenzhenßlndex -2.71 CHINA'S hard currency B shares closed down yesterday with sentiment hurt by a fall in the Hongkong stock market and further weakness in both markets was likely in the coming days, brokers and analysts said. "Continued weakness on the Hongkong stock market hurt investor confidence in
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  577 words
    • 349 22 AFP QWP Intel *5133 THE Taiwan stock market staged a technical rebound yesterday, rising 0.7 per cent after three straight falls this week, dealers said. The Taiwan Stock Exchange Weighted Price Index gained 56.33 points to 8,124.50, following a 1.4 per cent drop in the previous session. "The rebound
      AFP  -  349 words
    • 237 22 AFP n Wellington -3(183 NEW ZEALAND'S exposure to Asia and high interest rates saw stocks fall 1.4 per cent yesterday on turnover of NZ$95 million. The key NZSE-40 Index lost 30.83 points to 2.191.20 with Telecom Corp losing seven cents to NZ$B.5B. t*n i *h nm AN2 Banking 12.70
      AFP  -  237 words
    • Article, Illustration
      785 22 AFP n SET Infer -122 rHAI shares dropped 1.8 per :ent yesterday, hitting a new LO-year low as regional markets remained volatile and in/estors took fright at the prospect of a local election, iealers said. Analysts said the local xmrse took its lead from the Hongkong market, which backed
      AFP  -  785 words
    • 414 22 AFP Q Composite Index +4r61 SHARE prices rose 3.1 per cent yesterday on the Korea Stock Exchange, with retail investors bargain-hunting and foreign investors easing up on selling, dealers said. "Individual investors appear not to expect a significant rebound but were just aiming at technical gains after the recent
      AFP  -  414 words
    • 581 22 AFP +27.1 AUSTRALIAN shares prices gained one per cent yesterday, buoyed by options-relat-ed trade and a morning recovery on the Hongkong bourse that knocked out expectations of weakness on Wall Street. The All Ordinaries index added 27.6 points to 2,714.6. The All Industrials Index gained 56.9 points to 4,722.6
      AFP  -  581 words
    • Article, Illustration
      694 22 AFP P Composite Into -175 JAKARTA shares fell 0.7 per cent yesterday amid persistent political uncertainty and in anticipation of a central Bank Indonesia statement on a bank owned by the Salim group, dealers said. Dealers said foreign investors were still avoiding the market in light of uncertainties following
      AFP  -  694 words
    • 302 22 AFP n Manila -45J1 PHILIPPINE share prices closed 2.2 per cent lower yesterday, reflecting negative investor sentiment across Asia. The Philippine Stock Exchange Index shed 45.91 points to 2,014.23. Volume fell to 657 million shares worth 895 million pesos. The bears walloped Philippine Long Distance Telephone Co which ended
      AFP  -  302 words
    • KUALA LUMPUR STOCK MARKET
      • 408 23 AFP Q Composite Index -7.54 MALAYSIA'S key stock index ended 1.4 per cent lower yesterday amid mounting fears that regional economies may be slipping into recession, dealers said. The Composite Index finished at 544.74 points, down 7.54 points. The Second Board Index lost 1.22
        AFP  -  408 words
      • 8606 23 INDUSTRIALS Consumer products 199* Last V®l Day Net Cap W|> Iw Cw>«iy Sale 'OOP L— Wl >■» 310 180 Aimomolo— 230 -5 2 230 230 12.7 93.2 146 65 Anqkasa 70 -1 14 70 70 1.6 103.2 290 123 Apollo Food Hlq 160 4.7 64.0 388 190 BerjayaLand 236 -8
        8,606 words
    • WARRANTS&OPTIONS
      • 190 24  -  WARRANT WATCH LV/ R Sivanithy BACK in happier times around a year ago, the Country Heights stock was trading around 20 Malaysian ringgit while its warrant cost about RMB. Today, the Malaysian property company's stock and warrant have collapsed, dropping 84 per cent to
        190 words
      • 3349 24 ■owes, LOANS ft WAMAKTS IWI Last VI Day L"* 0«* Higfc Lm Stno C«iwp«ny SM +or COOO) MK»h Low Buyer Seller Prtc 23.5 9 m 3000 "in AMOB cS.5%*****6 123 »5 20 5 8 3>60 *Acer ******1 US$ 8 7.5 K) 95 15 3164 Acme ******4 16 U3 3161 AIITech
        3,349 words
    • 2160 24 Transaction date May 28 fir fir WW La* Vtf Day LaatOaata Mr DK> VM Mt MCap H>» Id— Stua Ojgig V- P000> g> t— 8»yar Cw P/I >gl 135 28 m 5000 AtS8 50c 553 03 94 58 54 ili 553 SO U U 215 S5 iU EjnsSOOl
      2,160 words
    • 6572 25 Traasaction date: May 28 Of Or mm Last VI Day LMt Ouote Ot* v v if «?2 c v< High Law StMo Company Sola COOP) jjjg Lw »uyer S«H«f C'yr P/I >mH Price mousTiiAU 43 16.5 1020 ACE Dynamic s60c. 18.5 cd unch 315
      6,572 words
    • 1185 25 Cr Or M Wt ml Last Vol Day Last Owata Dl* 0<v Ytd Nat Cap A«« Htfh Law ItWa Ciwmt lata COOP) Law ■■yr »—r CMr PAt $W Prtca 134 80 2000 ABB Hldgs 5C 82 80 92 40.0 82 243 76 a 2049 AS Auto 10c 115 -7
      1,185 words
    • STOCK EXCHANGE OF SINGAPORE
      • 225 26 Stocks Volume SingTel 15c 10,344,000 DBS Land 9,955.000 TAC BtIO 200 7,309,000 •Rekapacific Btl 7,098,000 HK land USIOc 6,559,000 •RHB Cap Wt99 6.271,000 *MBf Capital 5,512,000 *M Resources 4,611,000 •Renong Bhd 50c 4,026,000 Goldtron20c 3.372,000 Stocks S SingTel 15c 24,922,255 DBS Land 19,129.263 City Dev 50c 14,833,726 DBS Foreign 13,373,910
        225 words
      • Article, Illustration
        71 26  -  -by Shiv Taneja GOLDTRON Ltd closed one and a half cents lower yesterday at 145 cents on a volume of 3.37 million shares, compared with its 10-day traded average of 654,400 shares The weekly RSI and Stochastics are oversold In the near term, the stock is likely to
        71 words
      • 691 26  - Slide in Sing sends STII down 2.6% to 4-month low STOCK MARKET COMMENTARY Property stocks lead fall on fears of interest rate rise as interbank rates nudge upwards; M'sian stocks more resilient By R Sivanithy [SINGAPORE] A slide in the Indonesian rupiah and sudden pressure on the Singapore dollar yesterday
        691 words
      • ON THE GRAPEVINE
        • 94 26 YOU may have heard various conditions and criteria for selecting investment partners. But when Singapore property tycoon Tao Shing Pee searched for partners to put millions into the US$25O million (Ss4l7 million) Shanghai Mart project, you had to be over 75 in age to qualify. His reason:
          94 words
        • 145 26 Ode to market plunge SO, the Hongkong market has taken a bad blow and it looks like It was all foretold by a poetical analyst at Independent Strategy. Consider this extract which appeared under the heading "Analysis" in a special report on Hongkong dated May 22: oneofthOse rare, perfect days;
          145 words
        • 148 26 ONCE the German mark, the French franc and the Italian lira, among others, are merged into the euro will it mean fewer foreign exchange traders are required, an anxious questioner wanted to know at a seminar on the subject of the single European currency in Singapore
          148 words
        • 99 26 NETWORKING is a serious affair at the Association of Small and Medium Enterprises (Asme), which organised a "Networking Nite" on Wednesday complete with a talk by executive director Benji Ng on how to practise it. The first point of this fine business art has a refreshing
          99 words
        • 128 26 WHAT do Bergkamp, Beckham, Zola, Glnola, and Aspiralla have in common? Yes, they're all soccer players, and with the soccer world cup about to kick-off, they're very much in the news right now. But that's not the answer. The answer, if an advertising blurb attached
          128 words
  • Page 17 Advertisements
    • 35 17 mEL \A|g BOSS mk jJm*' |PI ft■> *m v rM-m, wi -V'. im 4 rWL CI JB f >jr US' I NGEE ANN CITY #01-03/04, Ew SUNTEC CITY MALL #01/061/063 mKSIk jjr I Br v
      35 words

  • Page 18 Advertisements
    • 59 18 HHg: fi 1?' Hi said to th« Captain, I thought our was P r tt Y good, v< t v A: V? .^ii. 1 '^WW^T• :|-^P i &&Mp£<&&''*i B^ r jy jh t Mr #oN y#Mr local travel 9f#ivf» swissai r^ 435 Orchard Road, *18-01 Wisma Atria, Singapore 238*77. Tel:
      59 words
    • 10 18 TODAY M_,ianhe Zaobao Wit kfF* 11 «aaitHhrdfl> WW *<**3 Kffl
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  • Page 19 Advertisements
    • 80 19 Opening Soon Chicago, N eat T'ORK, BEV'KRLV 11(1,LS, And Now sing apore, HI I I s'S OF CHICAGO THE LEGEND THE STEAKHOUSE rC ///<r :>( r'Jcar,, //H(>/'((</ > cr/<'/(</</r C7,tea/{/H !/:><' j rn red. < EXCLUSIVELY I Si)A PRIME ACFI) BEEF FRESH FISH .V SEAFOOD Private Boardroom Dimnx. EXCEPTIONAL W'INF.S
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  • Page 20 Advertisements
    • 141 20 Guess who already has the upper hand? liooil tii > t mipi cssion .witl .i jm >i > J shirt i_;i > h.iml m h.uiil well t ulorcil slim. o>i inst.iin e. sin >nM rc\ e.il .i <ut t list >ne i,i 11 null hci ic.it li tin- sleeve <>t
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    • 21 20 f It's a joy using The Straits Times fl Classified to find the ideal escapade f° r m y family. J
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  • Page 24 Advertisements
    • 75 24 I roWX H e can l we're^V ca inga t was a 1 f making for Susan I the computer I you tnis was a i T I I advertised in good deal. Yup, we got what is going to be V The Straits Times//T (we wanted because V real
      75 words

  • Page 25 Advertisements

  • Page 26 Advertisements
    • 40 26 v The V-twin engine: A powerful classic since 1909 You've arrived. You're at your prime. It's time to get what's due. HARLEY-DAVIDSON SOLE AUTHORISED DEALER: HARLEY-DAVIDSON OF SINGAPORE! 1994) PTE LTD 255 ALEXANDRA ROAD TEL: 475 0123 FAX 472 8900
      40 words
    • 1781 26 I BUSINESS Xoti( IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF M I TOWNPROP PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Saction 290(2)(b)| At an Extraordinary General Meeting of the Company held at 6 New Industrial Road. Singapore
      1,781 words

  • SHIPPING TIMES
    • 263 27 Bridge News Reuters THERE was little to buoy the freight market with brokers describing trade as "incredibly quiet". A few new handysize cargoes were quoted from the US Gulf and charterers have been covering their requirements from the* area relatively quickly with so many vessels available. t. Fixtures
      Bridge News; Reuters  -  263 words
    • 270 27 CWT Distribution O.Sl -OOil F Chuan Hup 0.385 -O019 10 Cases InvMHMnt .0.74 FraMtlMl 0.25 -0.015 IU OBHeMnfS. 0.30 >0.02 HM Sun Hup 0.50 -0.01 42 HMCMZmm 0455 -0.01 IMCHoMngt MR 5.60 J*yt MoKtttxjl a40 -0.01 25 Jurona Shipyard 7.90 -0.05 92 KappalCorp 3.34 -024 MM KappalftLS 4.60
      270 words
    • 455 27  -  Shipowners forum also deals with problem of regional economic turmoil By delix Chan [SINGAPORE] A forum of Asian shipowners has called on governments to take "urgent action" to stem the rise in piracy and petty theft on ships in territorial
      455 words
    • 262 27 [SINGAPORE] A new cruise event dedicated to the needs of the cruise tourism industry in Asia will be launched in December this year. The Seatrade Asia Cruise Convention '98 (SACC 98) will be held from Dec 1-4 at the Raffles City Convention Centre
      262 words
    • 685 27  -  ADMIRALTY CASEBOOK By\ Selva Kumar AN English court has held that once a court decides to appoint an arbitrator under the Arbitration Act 1996, the court is obliged to appoint a sole arbitrator. The court has also rejected
      685 words
    • 395 27  -  By\ Marcus Hand [SINGAPORE] The Maritime Port Authority of Singapore (MPA) intends to conduct Port State Control inspections on 1,000 ships this year, more than three times the number in 1997. Zafrul Alam, second assistant director (international) of MPA's policy division,
      FILE PHOTO  -  395 words
    • 803 28  -  CHINA PORTS Authorities concerned about duplication and waste of resources hint at curbs on port building and upgrading Fron P T Bangsberg in Manila CHINA'S burst of port building and upgrading seems set to be reined in, with officials concerned about duplication and consequent waste
      803 words
    • 337 28 PAGE ESP lines M ACL 9 Ethiopian 6 Ml 3 Evergreen Accord 8 M Ahrenkwi 14 FoongSun 8 Appenship 5 Frotl 15 Asia OCL 15 frt Links 16 Astro 3 6L 4 Austral 9 Cemartrans 8 Avant 16 <*»** 9 B'tang Mas 8
      337 words
    • 16899 36 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA CTA Advertiser V«»l Voyage Telephone ETA ETA Advertiser VMS** Voyage T^*^* SIN Dest'n Name Nam* Number Number SIN Destn Nam* Nam* Num»>*r NumD*r Q2/06 28/06 P1L NORDWELLE *1 45-32*993 A 03/04 U/Ot OOCL NORDWELLE *1 65-*****13 To ABIDJAN (ABJ) 2003 To BUENAVENTURA (BUN) 2059
      16,899 words
    • SHIPS IN PORT
      • 705 43 Vtssel Voy No B#rth Arrival Oeperture Binamarwe 2 OS/99 JI5 alongside 30.05/1200 Blissful R 2 9812 J02 alongside 28.05/1500 Bt Gumala Ja *****8 J01 alongside 28.05/1930 Bt lompo Bat *****8 J01 alongside 29.05/0100 Bt Nurdiana MAY28 J01 alongside 29.05/0300 Bt P«i NOT95 *****8 J01 alongside 29.05/0100 Bt R8
        705 words
      • 1478 43 RECEIVING Of EXPORT FCL CONTAINERS AND LCL CARGO Booking/Bolonco Rstls Ship Voy Mo Etb/ftr Nrlod From To From Ac i Jrtt 23N 31/0*00 U 20/OOO 20/1*51 20/HM nmoo 20/3091 a/mo a 20/37M M«N IMNO 2* iwtrao N/0*51 21 J 21/0'0C 21/3151 21/W0C 4 21/32M 21/3491 2VI700 kihH 007*
        1,478 words
      • 166 43 May 29 Hong Kong: Tuen Ng Festival. May 30 Taiwan: Dragon Boat Festival Jul Austria: Whit Monday. Belgium: Whit Monday. Brunei: Anniversary of Royal Brunei Malay Regiment. Denmark: Whit Monday. France: Whit Monday. Germany: Whit Monday. Ireland Republic Of: June Holiday. Luxembourg: Whit Monday. Netherlands: Whit Monday. New
        166 words
      • 745 43 THIS report, complied by Cockett Marine 0U Ltd. ihowe price ranees In US dollar* instead at tingle pricet Tore sure comprehensive deecripUon of Price* shown are baaed on average-tlxed •tern Market movements are indicated. The Cockett Bunker Price Index change and the Indi vidua! chance* In
        745 words
      • 466 43 Carta WO Mu ,9922 0.9 NO 0.H 46 0.0T Ma* 21 Domto Matar RotMuo Art flhimlnlani Ttf —1 MoaOowE2S S 0 I 1 0-0 2 300 aw mu 0i u o.« 32 0.03 |£Z 3HMu MLS 0 J 19 J 0.16 72 0.09 M/WI »»A »M/M
        466 words
    • AIR & LAND TRANSPORT NEWS
      • 556 44 Economic turmoil in Asia may force US planemaker to make fewer 747s next year Bloomberg [SEATTLE] Boeing Co dashed expectations that the world's largest aircraft maker will solve its problems anytime soon, warning of delays in making its best-selling 737jetliners this year
        Bloomberg  -  556 words
      • 195 44 AFP [GENEVA] The number of passengers using Asian airports fell by nearly 9 per cent in February due to the regional financial crisis, the Airports Council International (ACI) reported. Elsewhere in the world, more than 190 million passengers pushed the figures for February up by
        AFP  -  195 words
      • 85 44 Reuters [MINNEAPOUS] Pilots have authorised a strike against Northwest Airlines Corp after 20 months of negotiations, the Air Line Pilots Association (ALPA) said. The authorisation sets the stage for a strike by Northwest's 6,120 pilots after a 30day cooling-off period. Under the Railway Labour
        Reuters  -  85 words
      • 148 44 Bridge News [TOKYO] Engine trouble forced a United Airlines cargo flight to make an emergency landing at an airport in western Japan less than an hour after take-off, airport police said yesterday. The DC-10, carrying four crew members, no passengers and bound for
        Bridge News  -  148 words
      • 275 44 Reuters [LOS ANGELES] CNF Transportation Inc on Wednesday announced pacts worth more than US$l.l5 billion (Ssl.BB billion) over Ave years with high-tech companies and other manufacturers to manage their supply chains in a significant expansion of the air freight and trucking firm's
        Reuters  -  275 words
      • 1379 44 CITY FLIGHT ETA FUCW ETC kttmt nm_m Hi om kmtfrim S032T 07K U844 HMO —Wj? IU137 V455 OA 974 1255 7 ,M0 ***** *35 K1838 2300 mnl 2300 MW98 1925 S03W 2320 H«M*1 Am 1335 ATW 205 faicklM* N***** 2050 N***** 2045 Nh«MfW $0977 f700 S097J
        1,379 words
  • Page 27 Advertisements
    • 23 27 China ports: Expansion frenzy may be over Authorities concerned about duplication and waste of resources hint at curbs on port building. Page 2
      23 words
    • 312 27 Boeing warns of continual delays in 737 production Economic turmoil in Asia may force US planemaker to make fewer 747s next year. Back Page T A Shipping Times Special Feature MONDAY 8 JUNE 1998 Transport Logistics Industry here poised for active t growth J REGION'S DEVALUED CURRENCIES PUSH TRADE EXPORT
      312 words

  • Page 28 Advertisements
    • 1205 28 1 NORTH AMERICA H I EXPORT 1 I OTHER DESTINATIONS ~~1 SSX SUPER SHUTTIE EXPRESS DWCCT TO LA AMERIC*A«IA AMO«lxrn«a MWyiCtwl vtssa I vor rasa Ima im Iml tm ok i! wocoott I mm. wI m I maamuQ iimmmimm l uum |to mam Mnwmsu 1 mnuao~ =3= M/M M/ 1
      1,205 words
    • 577 28 Unes 4 sauces repmaented Members <y me [°K3B-) r, *»so'»*«eO«»yo' S«ngapore Freigfn Forwarders WqjjFJu Accreditfld Sfuppmg Agents Association V'i' Sngapore Sf*ppmg Association NEW ADVERTISER" Find out more about their service: Him to Page 4 EXPORT 3 x Japan -2 Hongkong -1 x Manila -1 x Koodiiung, Kaoiung (Actop*ing FQ to
      577 words

  • Page 29 Advertisements
    • 1072 29 TO EUROPE FROM EUROPE jvtssa voy sm rtm anr ham wv sou fxt uh vissii voy rtm AM HAM KV SOU fXT l£H SJH MOl CYPCME OOSW 03/04 19/06 20/06 23/06 7/06 HYGtNWAI 3111 13/05 09/0S 12/05 06/0S 30/0S MYIARON 313W 04/06 27/06 24/06 2S/06 22/06 MOl MIS 002f 10/0J
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    • 1909 29 I (g) HANJIN SHIPPING HANJIN SHIPPING (S) PTi ITS Imp lw<t> cam (004UNG 37M73S 737 SAIfS *****74 ?3B OOCUMCNT *****71 774 OKIATIOtt *****41 757 MAW IMC *****55 FAX 7779H0 CI HO 11 *****0000 M TO NW USA CANADA USA CANADA* FM VSI/VOY »AM ISW "UKHMJI/VOT SEA I TIW I DIN
      1,909 words
    • 412 29 VESSEL VOY_ _SM_ PKG VOY SIN HKG KEL USN PUS YQV I SIN I PKG l^ 1 L^JWljiaJ KMTC HONGKONG MIS 31/05 02/0* WIN 03/0* 07/0* 09/0* 11/0* 12/0* I I |KMTC ULSAW MS KAATCPUSAN M7S OS/0* 12/0* 14/0* U/Ot 17/0* KMTC CELLING 804S I 14/06 I I(. 06 iHYUNDAISPIINTEI|wft|It/Q*|
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  • Page 30 Advertisements
    • 749 30 DSR-SENATOR LINES NOW ACCEPTING REEFER CARGO TO USA EUROPE FAR EAST PORTS NEWSHIP AGENCIES PTE LTD SINGAPORE: TEL: *****0 FAX: *****30 TLX; RS ***** FOR ENQUIRY BOOKINGS: JENNY/LAY CHOCVCATHERINE PORT KLANG: SINARAN MAT TM SDN BHD TEL: 03-*****88 (8 HUNTING LINES) FAX: 03-333*758 FOR ENQUIRY/BOOKINGS: MS TAN AI GEOK/MS. MARY
      749 words
    • 1419 30 MY IWHRME Intemrt W®b S<t» http: //www.yml.com.tw rtLfOAiUM'<&*.*< iiiMmiimrrmami\mmmmxmmmmmMmmwiimi metWBKLYF«RYTHJ«soay/SUNOAY VESSEL VOY SIN CMB RTM HAM FXT LEH ANR GIBRALTAR BRIDGE AB2IW 30/05 21/06 19/06 18/06 23/06 MING WEST JB2IW 31/05 17/06 19/06 20/06 22/06 MING GLORY AB22W 05/06 27/06 25/06 24/06 29/06 HUMBER BRIDGE JB22W 07/06 24/06 2&06 27/06
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    • 436 30 LINE 2W TIL: ***** M FAXi *****13 MUARA LABUAN vessei voy no eta vessei vor rro eta SPORE MUARA SfOM LM J. PROSPER VI4E/9I 31/05 03/0* iPWSPB VH/90 31/0$ 04/0* AMtOOtr Vl4l/90 04/0* 07/0* AFRtOORY VI4I/91 04/0* 01/0* i rtova visi/9* o»/o* 12/0* ipwspo via/* 09/o* u/o* APttOORY VISI/90 13/0*
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  • Page 31 Advertisements
    • 1545 31 [VESSEL VOY SIN POU PKO PEN BLW SUR DUB BA BIK IRAN VAHDAT PJL 1284 21/05 30/05 IRAN TAKHTI PJL 1286 01/05 IRAN TEYFOURI PJL 1287 05/05 14/05 15/00 IRAN MOBIN PJL 1293 20/05 29/06 30/06 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. A2ARBAUAN. ARMENIA. KAZAKHSTAN,
      1,545 words
    • 1947 31 DIRECT SAILING if J 10 SHANGHAI XINGANG J I SINGAPORE'S GiNfRAL AGENTS: 6 SHENTOH WAY TEL: 226 1900 FAX: *****08 OUTWARD (l/l) *****02 JOHORE Of FIG: I COSTAR SHIPPING PTi LTD #17-08disiidc sales/ikgs 4205M1/43 inward dept (D/O) *****85 COSTAR AGENCIES (M) SDN BHD I CRNO: **********0 M TOWER TWO(*****9) CONVENTIONAL
      1,947 words
    • 541 31 EASTERN CAR UNER, LTD.'^'sSTT i! tj ECL (SINGAPORE) PTE LTD 1 SPECIALIZE IN RORO t HEAVY UFT UPTO 122 TOWS ECI (SINGAPORE) PTE LTD LOADING FOR MUARA I LONG BEACH TACOMA/VANCOUVER MV "ORANGE SKY" V.82 MV "COSMIC MASTER" VJO FTA w, I a rmrWOft ETA SIN 05/06/98 ETA LONG BEACH
      541 words

  • Page 32 Advertisements
    • 1334 32 EUROPE/UK/SCANDINAVIA/FINLANO/RUSSIA SGP ROM ANW HBG TMP ZEE LHV LHV THP ROM ANW HBG PKL SGP E RACES RW-022 06-06 2606 01/07 27/06 29/06 30/06 01/07 E GARLAND RE 053 0305 0505 00/05 M,W 0705 01<W 02« E. DECENT RW-004 1306 02/07 07/07 0307 0507 0607 E GLOWING RE 044 10/05
      1,334 words
    • 747 32 U a. MAfc-NfcLS S'PfIRE M'SIA Carrier: MN CONTR LINES, INC p. gudang: (07) *****26 I J C/R MOs **********0 C SIBU: (084) *****9 MANILA: (632) *****24 Vw PENANG: (04) *****36 BANGKOK: (682) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 KUCHMG (082) *****1-3 T
      747 words
    • 396 32 /SZ N ISSm NANTAI LINE PUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vissa VOY I sm I PUJ I PUK CFT I t/ttT WAWAI nowci VO77S 02/0* U/04 21/04 mnAiytwis mn 12/04 21/04 24/04 01/07 04/07 golden mugon tooss is/w 27/04 01/07 04/07 KAMIAJ PRINCESS V.022S 23/06 13/07 10/07 NANIAJ
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  • Page 33 Advertisements
    • 364 33 BSA il I mm. MYANMA iBBBk FIVE STAR LINE r (Myanmar National Lint) W Loading far Yangon (Rangoon) VRSfI. VOT SW PKG PfN PGU MtRGU 14JW SU) ■AGO 102W SU) MALAYSIA AGOfTS: BOUSTUD SHIPPING AGfNCKS KIR: m 02-03-*****00 PKL TU 0243-*****01 POfc Itt 02-04-2****** PGO: TU 02-07-*****21/4 BANK LINE (A
      364 words
    • 1225 33 IA HYUNDAI I MERCHANT MARINE CO. LTD. IVBSB VOY I SOU I IB! I BTM 1 ANT I HAM I BRV I W Ml MAAS 523W 29/05 19/06 20/06 14/06 16/06 MYGMKAL 311 C 06/05 13/05 09/05 12/05 30/05 NOCYPRM! 005W 03/06 19/06 20/06 22/06 25/06 NOLMIS 0021 15/05 16/05
      1,225 words
    • 1019 33 MOO M9H MB normgion ipaootud aukxarrmn WGUFmiH£iMSE\ (j^£)S(S](^ mm u\£s TO NORTH AND LATIN AMERICA -RORO HttVYUfT SOVW fVISSEL VOY RAMP HEIGHT UN LAX Cll MA SAV Ml Off NYC KW MM rafis fill 400 i«h uM "Woo "576 ToW -5770T W7ST TT7ST TW "TW TI7IT Tf7o~ TOM Ftl2 4001
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  • Page 34 Advertisements
    • 682 34 IANOKOK/UIM CHABAMO JAKAWTA/MNJAMO VESSEL VOY SIN BKK LCH VESSEL VQY SIN JKT PJN ANAN BHUM 107N 30/05 03/06 QUBU BHUM 7958 In Pt 31/06 YANTRA BHUM" 242N 31/ OS 03/06 CK/OC DEJA BHUM 749S 30/05 03/08 Z ACXJAOE 21N 31/05 03/06 04/06 ACX RUBY* 23S 01/06 °4/06 CHAN A BHUM
      682 words
    • 408 34 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL: *****68 FAX: *****64 TLX: R*****S SINMER Wtm CR No: **********0W Receiving Cargo at PTI BintulH I Muwrw ~1 VISSCI VQT SIN |TU ¥1556 VOt SIN MUA IMI V9W7E 0142/W 07/04 VWIO/E 0102/04 07/W IS« V 9811( 05-06/06 12/06 MJafc
      408 words
    • 869 34 a ACCORD A SHIPPING PTE LTP V±K TIL: *****15 (40 Un«t) FAX: *****30 KMHUMG (03) U7 1001 Jf M DWECT ACCESS YEL *****55 (EXPOtT tOOKING) HSU GUOAMG (07)UUV7 *****34 (EXPORT DOC), *****39 (IMPORT) FfNAMG 104) *****41 osiiHTYP://www.accord.coaa.so jakaita mi worn PORT m SIN PORT IM SIN PORT ETA SIM PORT
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  • Page 35 Advertisements
    • 415 35 INDONESIA NATIONAL LINE TO EUROPE "1 EXPRESS SEMI-CONTAINERISED SERVICE ~¥SL VOY f"?PORE A DAM/B DAM I M BURG I MtMtN I ANTWERP VESSEL 22/117 27/07 OMIT 02/08 TO AUSTRALIA H FULL CONTAINER SERVICE yg. I VOY Ffli Mt SVC MIL HIA AOt FRE P4O NEDLLOYD SRtSMME VOK MM OMM 1«*
      415 words
    • 914 35 f SSsgf'ASMf PACIFIC INTERNATIONAL LINES (PTE) LTD j I 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I I cr up **********06 IVKSfL VOY PKL I SIN I STD MB. AH FM Wl (XXL ABILITY 015 I 4/4 I 14/4 IT/* 19/4 24/4 24/4 27/4 KOTA P{IITAMA PTMOO7 6,V f?.
      914 words
    • 877 35 VESSELS VOY I Sf4 I JED I MLA 5 HAM THP RTM ZEE WJLEDEMMOSA V2B<H 04*06 12*08 17*06 22*06 24*06 26*06 2MC 27/08 VXE DC TANYA T2BW 08/06 17/08 22/06 28*06 gW 01/07 02*07 03*07 VIXE DC TAURUS A2BW 18/08 25/06 30/06 06/07 07*07 08*07 08*07 08*77 VKXE D-AQUARmS U26W
      877 words


  • Page 37 Advertisements
    • 43 37 (Retrieve more schedules!) Press "1" Select the port and key in STKJ the four digit code eg: To New York (NYC) 2275 Key in your fax number I 1 your phone number Another Innovative service offered by The document will be Shipping times
      43 words



  • Page 40 Advertisements
    • 824 40 SHIPPING LINE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. 1047K*****D BOOKINGS CALL D1RECT*****41/43 JESSIC*/CELIA/MEm|AH 7 SLGS/WEEK [2E2E22H 2 SLG/WEEK END 3VDS(SUN) TWMKA 1317 30/05 (SUN) 02/06 fTUE) E AT W TWAD.KA 1318 KVO6 (S£ 05™ |FR,» SINAR
      824 words
    • 602 40 IwOßn ENG LEE SHIPPING CO PTE LTD I I WVA M: SJ3OB7S Umil hi: *****38/5324**0 I I tt 1582t»OOOOQ< I VESSEL VOY SIN ETA SIN ETD DESTINATION Morco Polo 46 02/98 28/05 30/05 Swoboyo Buono Abodi 09/98 01/06 02/06 Peworong/Buolon/B Popon Unggul Joyo 08/98 01/06 03/06 Perowooo/PBoru/Oumoi Union S*w 18
      602 words
    • 456 40 SIN FAR EAST 05/06 KEELUNG/KAOHSIUNG 31/05 BANGKOK 01/06 MANILA/CEBU 31/05 JAKARTA/BELAWAN/SURABAYA 31/05 PORT KELANG/PENANG/E. MALAYSIA 02/06 BUSAN 31/05 TOKYO/YOKp/KOBE/NGO/OSA 31/05 HONG KONG SM CHINA 31/05 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU m EUBQPE/UK 31/05 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIN USA/CANADA 31/05 LOS ANGELES/NEW YORK all IPI points
      456 words
    • 445 40 rrr« Singapore Soviet Shipping INttCo. Pte. Ltd. CR NO: **********0N BOMBAY I VESSEL VOY I SIN BOM PNG PKL KOTA RUKUN RKNOO3 31/05 06/06 20/06 22/06 KOTARATU RTUOII 06/06 13/06 25/06 27/06 TBA 17/06 25/06 07/07 09/07 ORIENT AISHWARYA 114N 16/06 OGCHARQMQOMy For Booking (Calcutta) Tel: *****45/46 [VESSEL VOY SIN
      445 words

  • Page 41 Advertisements
    • 1140 41 I ASIA MEPITCRRANEAN EXPRESS (AMI) WISIBOUNP SERVICE 1 1 I i VESSEL I VOY I* SIN PIR I GQA I VIC lEH I ANR JjQ_ I N SHARJAH 9821-3 09 JUN 22JUN 24JUN SML 2 9 WN SiJUI MSC JAMIE 001R 10 JUN 23 JUN 25 JUN 27 JUN 30
      1,140 words
    • 1811 41 m m m jgt |vßwyv9Y*q I khi Iwm ha* I tfli >tq« I HPK tram mm |wkbJ SSJii «2: IrS: irJl irS: hoeoistexpress nun oios mm osm mm um oijn oin out mm ELSvELtcc 2?2J„ ftS* i®"®* fH? fH* OOQSRIGAPORE UUll 10.05 1105 1105 02.04 01M 09.0* 10.06 lIM HOKHST
      1,811 words

  • Page 42 Advertisements
    • 546 42 VESSEL VOY SIN MAA SIN I TIGER BAY 627N 27 29/05 03-09/06 13-14/06 I TIGER ISLAND 628N 02 03,06 08-13WJ6 17 iao6 I TIGER BRIDGE 629N 03-07/06 12-1&06 21-22/06 I TIGER WAVE 630N lOOai* 18-22/06 27 28/06 I TIGER BAY 631N 19-24/06 28-29/06 I TIGER ISLAND 632N 17-18/06 27-01-/07 05-06/07
      546 words
    • 778 42 FREIGHT UNKS EXPRESS 62 Toh Guan Road, Singapora *****1 Tei *****66 (60 Linas) Fax: *****33 E-mail flesin@singnet.com.sg CONSOLIDATION SERVICE TO THE FOLLOWING PORTS MALTA (MLA), ISTANBUL (IST), ALEXANDRIA (ALT), SAN ANTONIO (STN) PASIR GUDANG (MU) BURN OS AIMS (BUI), LAIM CHABANO (NU) VESSEL ETD SIN ETA ALT ETA POU HA
      778 words
    • 1038 42 OOCL (Sinqopore) Pte Lid CFS Keppel Disfrpk 79 Anion Rm4 #21-04 (S) *****6 li 513 #01-121 db< A CR NO **********0H Tit 272 7827 ftbo+imf FTWi «32M313 F« 221 3942 f«: 272 7.25 £(g))} Jf OOQ (Malaysia) Sdn. Bhd. 4 PtTAiJNG JATA Ttfc 03-75* 776 F«x:o3-7565 342 JJ69 180 PfNANG
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  • Page 43 Miscellaneous
    • 124 43 LEGEND: R Thunderstorm T#mp«roture c A V Shower Weother Wind direction with speed in knots Rom \_J Cloudy Sky Wov h *'9 h Swrfoee »ind« ore indkoted by arrows wfck* Ky witfi the wind One fu« c*cle represents calm or bght ond vonoble winds UOmhoO Heche represents 5 knots One
      124 words

  • Page 44 Advertisements
    • 91 44 V• v k < i H H| I 1 y*fl3lfc' t We are proud to announce the launch of our latest acquisition. As a cross trading division of SCL, Saferoute is responsible for through transport routings not covered by SCL's regular shipping lines and is highly respected the world over
      91 words