The Business Times, 5 August 1998

Microfilm: NL21219
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    12 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c SINGAPORE Internet: http://business-times.asial.com.sg/ WEDNESDAY, AUGUST 5,1998
    12 words
  • Article
    MARKET SUMMARY
    49 1 nsu.„„, &SU, ggTQOMF SnssV»i) mim moods STOCK MAUCTIUMB KLSEOOMP !j!«S_Z tS WKKH ttjHin —-14LN HA1W8HW 1JMM +2&« senwq M&M ,i» JAKARTA OOMP _4«L» -MJ1 MANILA OOVP 1J»1L44 -3LI3 TAIPH WPI 7593.14 -U9 <P»UL comp am +171 CLSACHWA B 674J1 -BJJ AUSTALLORD—iJBtl *81 LNpaEDT Chafe DOW 8*93.64 191.64
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  • Article
    FINANCE
    67 1 F08EX KATES 08t SS USt 1.726 £(l'SS/S$per£) L829 IMS m tim mn YEN_jpap MU 1.198* KM 4.14* MM HKS I7.748 0523 BART 48.78 8.842 KJPIAH 12J80 US' •89* Mm* PUKE SATES SINGAPORE* KUALA LUMPUR 11.58 JAKARTA BANGKOK 1476 MANILA _Hjt HONGKONG 1025 WITH 8 JO SYDNEY 8.4* TOKYO™ too
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  • Article, Illustration
    Lock icon No plans seen for SES to close down Clob
    698 1  -  And short-selling not a problem on OTC market, say industry players By R Sivanithy [SINGAPORE] The Stock Exchange of Singapore does not appear to have any plans to cease trading of Malaysian shares on Clob International, its over-the-counter market, despite a
    Source: DBS Investment Research  -  698 words
  • Article
    Indonesia's Endang to sell her 39% stake in Bugis Junction
    509 1  -  Price expected to set new benchmark for area's properties By. Ang Wan May [SINGAPORE] Indonesian businesswoman Endang Utari Mokodompit is selling her 39 per cent stake in Bugis Junction, and the price she gets could set new benchmarks for commercial
    509 words
  • Article
    SIA announces surprise alliance with China Airlines
    657 1  -  It may become first foreign investor in Taiwan airline By< Conrad Raj [SINGAPORE] In a move that caught most observers by surprise, Singapore Airlines (SIA) has agreed to form a strategic alliance with China Airlines (CAL) which could see Singapore's national carrier becoming
    657 words
  • Article
    Don't take our goodness for granted, Mahathir tells S'pore
    452 1  -  From' Ven Sreenivasan tnJohorßaru MALAYSIAN Prime Minister Mahathir Mohamad said his country did not want strained relations with Singapore but warned the island state not to take his country's "goodness" for granted. Addressing a crowd of some 5,000 people comprising party
    452 words
  • Article
    Lock icon Dow dives 192 pts at 1pm EDT
    83 1 AFX [NEW YORK] US stocks plunged across the board on futuresrelated sell programmes amid reports that Prudential Securities' technical analyst Ralph Acampora had turned short-term bearish on the market He's predicting a fell In the Dow Jones to below 8,000 points. At Ipm
    AFX  -  83 words
  • Article
    Lock icon S'pore refutes Malaysian charges
    821 1 The Straits Times [SINGAPORE] Malaysian leaders' habit of blaming Singapore, as in the latest dispute over rail Customs and immigration, is nothing new and shows that they do not know the facts or have chosen to disregard them, said a Ministry of Home Affairs spokesman yesterday.
    The Straits Times  -  821 words
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      139 1 inniifE (MAS) Is expected to move some I of its domestic flights from the newly-opened gM»k Lumpur International Airport back to the old airport in Suban&ryS Most of Singapore's major landlords intend to share the property tax rebates given this year with their tenants, P|4 The yen remained floored yesterday
      139 words
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      311 1 Why Habfeie unhappy with S'pore *You see, a friend in need is a friend indeed. I donl have that feeling from Singapore. I have that feeling from the United States, from Japan, Australia t mainland China, from Malaysia, from Europe, Germany* Indonesian President B J Habibie, in an interview with
      311 words
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      7 1 *KL won't compromise on sovereignty issues', PgB
      7 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon EDB looking at how to sharpen S'pore's edge
      375 2  -  Board has set up team to review policies, incentive chairman By < Carol Eng THE Economic Development Board is reviewing its policies and incentive schemes so as to sharpen Singapore's competitiveness in the regional economic crisis, said its chairman, Philip Yeo, yesterday.
      SIEW YAW HOONG  -  375 words
    • Article
      Discovery making TV series on Asian art
      255 2 DISCOVERY Channel, an American cable television network, is making a TV series on Asian art here in Singapore. Discovery Asia and Middle East general manager Kevin-John Mclntyre told BT recently the programme would be broadcast in the next two years to Discovery's 130
      255 words
    • Article
      US Filter, a water treatment firm, opens HQ here
      373 2 AMERICAN water treatment company US Filter yesterday opened its regional headquarters in Singapore, with several multi-million dollar contracts in its bag. And it intends to build up its regional presence by acquiring companies. The new HQ, called US Filter Asia Pacific,
      373 words
    • Article
      Commerce, finance to be worst hit
      378 2  -  E7EONTHEECONOM7 Outlook By Mariana Chew COMMERCE and finance will be the sectors worst hit by the regional slowdown, says SG Securities in its latest quarterly economic review of Singapore. The firm which expects the impact of the regional slowdown to be most severe in
      378 words
    • Article
      TAS to impose stiff penally for service disruptions
      428 2  -  Service providers face op to $270,000 fine under new code By Teh Hooi Ling THE Telecommunication Authority of Singapore (TAS) will fine service providers up to $270,000 for service disruptions in a new code of practice and penalty scheme announced yesterday. TAS
      428 words
    • Article
      Most major landlords to share tax rebates with tenants
      462 4  -  Pidemco says it'll pass half its savings to office, retail and industrial tenants By, Jenny Lam MOST of Singapore's major landlords intend to share the property tax rebates given this year with their tenants. These include Pidemco Land and DBS Land.
      462 words
    • Article
      Nets to introduce secure payment system on Internet
      433 4  -  Cheqaeless low-cost system enables firms to send invoices and pay their bills on Net By 1 Toh Han Shih NETS (Network for Electronic Transfers Singapore) will provide Singapore's first business-to-business secure Internet payment system. The system, Online Payment System, enables companies to
      433 words
    • NEWSRoundup
      • Article
        PM's National Day on Net
        22 4 Ma&y by Community Development Ministsr Abdullah Tarmugi and in Tamil by KShanmugam, Member of Parliamentfor Sembawang ORC
        22 words
      • Article
        Twist boosts Philips handphones sales
        59 4 PHILIPS has claimed it was the top-selling handphone brand here in June, thanks largely to "impressive sales" of its Twist GSM 1800 handphones. Philips, which also otitors tbe Philips Genie handphone, is thus "ftot reaching its goal to become one of the top three play
        59 words
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      79 2 Wp XpJ CLmGpS Jk~P*t*ra nil LA -4 /vlHjp you simple Thmt cuisine, /> f too traditional n*r too W\ JW fust Thai home cooking W i A# I best, except for tke luxury and w-V V Hv a courtrout rv ce eniy *^y,TTB»iHi Levd 3 Raffia City S.C Tel: 339
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      95 3 ARPMORJi PAR 3£ SINGAPORE'S MOST DESIRED RESIDENCE Miele noeuoc: nv Anything else is a compromise Step into the Ardmore Park kitchen and you'll notice a distinctive difference. i Mot only have we installed the finest kitchens but we have also given them the finishing touch by fitting Miele home appliances,
      95 words
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      643 4 Sunday Classified t at Clarke Quay I Every Sunday. 9am spm |cata| NOTICE (Pursuant to section 50(1 )(b) of the Insurance Act, Chapter 142) Notice is hereby given that pursuant to a conditional sale of business agreement (the "Agreement"} dated 29 June 1998 entered into between Eagle Star Insurance Company
      643 words
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      332 4 BUSINESS Aolicrs lo .i(l\ci lisi call fnll-hrr ISIMI-741 ISN3 I NOTICE IS HEREBY GIVEN that, I Ng Hoe Tiong of Block 105, Henderson Crescent Road, #15-09 Singapore *****5, have applied for a Retail Liquor Shop Licence in respect of M/s EE Hiong Minimart located at Block 116, Jalan Bukit Merah,
      332 words
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      324 4 aisoss I I' 111 111 lltl' NOTICE IS HEREBY GIVEN that, I Suppiah Krishnasamy of Block 662 #05-16, Buffalo Road Singapore *****2, have applied for a Retail Liquor Shop Licence in respect of M/s Rex Mini mart locate! at 27 Mackenzie Road Singapore *****2, and that this application will be
      324 words
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      95 5 Th* P**l» *11 CibrtoW with hard and soft top*. For further Information, ploaaa contact Stuttgart Auto at Eurokars Contra, 12 Kadut Ava Tal: 363 0911 or 29 'tff Kao Road Tot: 472 41OT I -a^*"* «f- o fi.ir.in mil «li«. J f The new Porsche Carrera Cabriolet. Frankly there was
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  • FOCUS: MONEY MATTERS
    • Article, Illustration
      Lock icon Japan funds going places but not into Asia
      1097 6  -  Asian currencies looking less dreary even as yen-bashing continues By Larry Wee NEWS from Japan once again dominated events in Asian financial markets in the past week, and they were far from supportive for the Japanese yen. But this time, as our
      Source: Bridge; Source: Deutsche Bank  -  1,097 words
    • Article, Illustration
      Lock icon Sterling's heading southwards
      473 6  -  Ponnd has peaked; economic pressures, fond outflows seen exerting drag By\ Neil Behrmann The writer is BT's London correspondent [LONDON] Sterling has peaked; and from a European perspective, the vast majority of dealers and analysts here believe that this time round, the currency will not be able
      Source: Bridge  -  473 words
    • Article
      ANALYSIS
      376 6 Malaysia may ease rates further LAST Friday Bank Negara Malaysia (BNM), citing benign inflationary pressures, eased the intervention rate on threemonth Klibor to 10.5 per cent, from 11 per cent. This will have little impact on high offshore Malaysian ringgit rates, but the impact on the ringgit is negative.
      376 words
    • Article
      Lock icon THE WEEK AHEAD
      372 6  -  Compiled by. Larry Wee Sources: ABSAmro (ABN), Deutsche Bank Research (DB), Independent Economic Analysts Holdings (IDEA), and MMS International United States Today: Fed's latest beige book briefing for its decision-makers will be published. More of the same expected, according to IDEA: "Strong but moderating growth, contained inflationary
      Sources: ABSAmro (ABN), Deutsche Bank Research (DB), Independent Economic Analysts Holdings (IDEA), and MMS International  -  372 words
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      665 6 M THE HATTER OF EPOCH MVESTUENT ANO REMJY PTE. LTD. (In Mutton'Vbtaatvy i m bmatwi Gmal IMng of In Om ImM 7 ItrntM BaiMfd *14-02 SurtK mtt OntSinpport *****7 an 31 Jkiy 1998. IwUowq sptcvi wotufeons miv ptsttd:* IWIWM:' (1) H* Epoch irwMlmrt And Ritfy Pn Lid b» «eutiup«Utt*irpuMrtl>S<cfcn29o(i)M d
      665 words
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      664 6 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 NOTICE IS HEREBY GIVEN that, I Lim Tow Ngee of Blk 138, #09-895, Toa Payoh, Lorong One Singapore *****8, have applied for a 2nd Class, Public House Licence in respect of M/s Ultimate Way International Pte Ltd located at Keppel Club, Bukit Chermin Road,
      664 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Vietnam approves US$1.3b in investments this year
      204 7 AFP [HANOI] Vietnam approved US$l.3 billion (552.2 billion) in new foreign investment in the first seven months of this year, according to official figures released yesterday. A total of 142 foreign investment projects were licensed by Vietnamese authorities in the period, according to
      AFP  -  204 words
    • Article
      Lock icon Rebuilding riot-hit malls will cost 10t rupiah
      131 7 Reuters [JAKARTA] Rebuilding malls damaged during the wave of riots, looting and arson that swept through Jakarta in mid-May will cost at least 10 trillion rupiah (Ssl.3 billion), a city official was quoted yesterday as saying. The Indonesian Observer quoted Jakarta's deputy governor
      Reuters  -  131 words
    • Article
      Lock icon No IMF nod yet for Thai spending plan: PM
      327 7 IMF official* may be hesitant about relaxation of deficit AFP [BANGKOK] Thai Prime Minister Chuan Leekpai yesterday said the International Monetary Fund has yet to agree to Bangkok's planned spending package designed to boost the economy and create jobs. The 25-point
      AFP  -  327 words
    • Article, Illustration
      Lock icon Regional govts act to head off deflation
      667 7 They are loosening tight monetary policies introduced at peak of turmoil Reuters [SINGAPORE] Government policy-makers across Asia are steadily changing direction as a new threat to their embattled economies emerges the prospect of serious deflation. Since mid-year the authorities have been loosening the
      Reuters  -  667 words
    • Article, Illustration
      Lock icon Yen remains at 144.70 as talk grows of Tokyo intervention
      592 7 Obnchi expected to announce 6t yen of permanent income tax cnts on Friday From Anthony Rowley in Tokyo THE yen remained floored yesterday at 144.70 to the dollar but speculation grew in the foreign exchange markets that Japan could launch
      AFP  -  592 words
    • Article, Illustration
      Lock icon Asian stocks weak on volatile yen
      281 7  -  By\ R Sivanithy [SINGAPORE] A volatile session for the Japanese yen meant a weak day for most of the region's stock markets yesterday, with the Philippines and Indonesia losing more than 2 per cent each. The yen fell to close to 146 to the
      REUTERS  -  281 words
    • Article
      M'sia unveils details on 'special purpose vehicle'
      552 7  -  Bank-fanding agency to start with RMLSb seed capital Front Tk.. Meera Tharmaratnam m Kuala Lumpur BANK Negara announced yesterday the long-awaited details on the special purpose vehicle (SPV) that will provide the backbone of Malaysia's efforts to clean up and recapitalise the banking
      552 words
    • Article
      Lock icon No end in sight for slumping Shanghai B shares
      489 7 Analysts cite poor corporate results, confidence crisis AFP [SHANGHAI] Shanghai shares nominally reserved for foreigners are slumping with no bottom in sight as shaken investors flee the market plagued by worries over a yuan devaluation and poor corporate results, analysts said
      AFP  -  489 words
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  • SOUTH-EAST ASIA
    • Article
      President Habibie says he's unhappy with Singapore
      506 8  -  He says he doesn't get the feeling of friendship from the Republic From, Shoeb Kagda in Jakarta INDONESIAN President B J Habibie is unhappy with Singapore, saying he does not get the feeling of friendship that he gets from other countries. "You see,
      506 words
    • Article
      Lock icon Armed protestors block Rais' planned visit to East Java town
      409 8 SURABAYA Reuters AFP [SURABAYA] Thousands of people in East Java armed with knives, sticks and metal chains blocked a planned visit yesterday by Muslim leader Amien Rais to a town near Indonesia's second city of Surabaya, residents said. Mr Rais,
      Reuters; AFP  -  409 words
    • Article, Illustration
      Lock icon All citizens will be treated alike: Habibie
      330 8 JAKARTA Reuters INDONESIAN President B J Habibie yesterday pledged that all Indonesians, including the ethnic Chinese, would be treated alike. "We do not differentiate between Indonesians based on religion and race. We are Indonesians," Dr Habibie told a meeting of palm oil producers
      Reuters  -  330 words
    • Article
      Lock icon China cool to Estrada remarks on defence
      290 8 BEIJING AFP CHINA issued a cool reaction yesterday to Philippine President Joseph Estrada's remarks that joint US-Philip-pine military exercises could deter Chinese attacks stemming from South China Sea disputes. "The position of China on the South China Sea is clear China has always
      AFP  -  290 words
    • Article
      Malaysia Airlines to move some domestic flights back to Subang
      537 8  -  Shift likely after Commonwealth Games in September, say industry officials FYon Meera Tharmaratnam in Kuala Lumpur MALAYSIA Airlines (MAS) is expected to move some of its domestic flights from the newly-opened Kuala Lumpur International Airport (KLIA) back to the old
      537 words
    • Article
      Lock icon KL won't compromise on sovereignty issues: Abdullah
      381 8 KUALA LUMPUR Bemama MALAYSIA will not compromise with any country including Singapore in negotiations on matters pertaining to the country's sovereignty and integrity, Foreign Minister Abdullah Ahmad Badawi said yesterday. He said the government was always careful in negotiations with the Singapore government
      Bemama  -  381 words
    • Article
      Lock icon Hard-up Thai army offers unpaid leave
      149 8 BANGKOK Reuters MORE than 100,000 conscript Thai soldiers are being offered unpaid leave because the army is running out of money to pay them, army sources said yesterday. The army, like every other Thai government body, is facing budget cuts linked to an austerity
      Reuters  -  149 words
    • Article, Illustration
      Lock icon Cambodian parties pin hopes on recount
      527 8 PHNOM PENH Projections show CPP taking 64, Fnndnpec43, Sam Rainsy IS seats AFP CAMBODIA'S two main opposition parties were clinging yesterday to slim hopes that vote recounts from July 26's general election would hand them victory, officials said. While officials from the royalist Funcinpec
      AFP; REUTERS  -  527 words
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      32 8 Drive off in a luxurious BMW 7 Series I for iust $4, SOO a month rental |S£U you get unlimited mileage without wßtfL the hassle and we handle R«nt-A-Car maintenance and insurancel
      32 words
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      43 8 yyJl THE WORLDS LEADING 7T w *r OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS I Incorporation Fees from l/SSSOO X BAHAMAS JFRSFY 9 > tsLANDS V,RG,N MAUR,T,US J i CAYMAN J* ISLANDS SAMOA IRELAND s l re Companies Web Site at www otra com j
      43 words
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      11 8 Put The Straits Times Classified to work for you today. t/
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  • CHINA-HOBGKONG-TAIWAN
    • Article, Illustration
      Lock icon China shakes up legal system to stamp out graft
      425 9 BEIJING It sack* 212 law enforcement officers for unethical or illegal conduct Reuters CHINA has shaken up its legal system, ordered its police force out of business and called for a crackdown on financial crime as part of a nationwide campaign
      Reuters; REUTERS  -  425 words
    • Article
      China to simplify investment approval procedures soon
      290 9  -  SINGAPORE By La Ning CHINA will soon drop its current investment approval system which requires foreign investment projects worth more than US$3O million (5551.7 million) to be submitted to Beijing for evaluation and approval, a press report said. In a move to further
      290 words
    • Article
      Lock icon Burst dyke deluge kills hundreds in China: sources
      296 9 BEIJING AFP HUNDREDS of soldiers and civilians were killed when a ruptured dyke unleashed a deadly deluge from China's Yangtze river, sources said yesterday. The reports came as heavy rains continued to batter central China. The dyke burst in the Jiayu district
      AFP  -  296 words
    • Article
      Lock icon Resume political talks, Beijing urges Taipei
      133 9 BEIJING AFP CHINA renewed calls yesterday for political dialogue with the Nationalist government on Taiwan in an attempt to push forward negotiations towards eventual reunification. "It's inevitable that there will be differences and clashes between the two sides," said Tang Shubei, vice-president of China's
      AFP  -  133 words
    • Article
      Lock icon Economic fundamentals sound despite crisis: HK official
      272 9 HONGKONG AFP HONGKONG'S economic fundamentals were sound despite the Asian financial crisis, which caused a 2.8 per cent contraction in the territory's economy in the three months to March, an official said yesterday. Alan Lai, director-general of trade, said economic fundamentals remained sound
      AFP  -  272 words
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  • ASIA
    • Article
      Lock icon S Korean minister sacked over spy case bungle
      287 10 SEOUL AFP SOUTH Korean President Kim Dae Jung yesterday sacked Foreign Minister Park Chung Soo for allegedly mishandling an espionage row with Russia, officials said. Mr Park was replaced at the helm of the foreign ministry by ambassador-at-large, Hong Soon Young, a
      AFP  -  287 words
    • Article, Illustration
      Lock icon Liang Court-led group wins suit against Sydney council
      581 10  -  Group may gpt opto As6om for council's slip-up that led to derailment of project FYom\ Surinder Singh in Sydney A SINGAPORE consortium, Lavender View Regency Pty Ltd, has won a claim for up to As6o million (5162.7 million) in damages against the
      FILE PHOTO  -  581 words
    • ASIABriefs
      • Article
        Lock icon Aĺ clear for Sydney water
        106 10 Renters [SYDNEY] Sydney'B water supply was pronounced clean yesterday after a contamination crisis forced millions of residents to boil tap water for drinking, cooking and washing. Tests performed on water from around Australia's largest city found no trace of the giardia and Cryptosporidium parasites that
        Renters  -  106 words
      • Article
        Lock icon Protests continue at Hyundai plant
        90 10 AFP [SEOUL] Union workers at South Korea's top carmaker Hyundai Motor Co were yesterday occupying factories to protest against layoffs while those at another automaker were poised to vote on a deal to halt sackings. The proknfßd standoff between workers and management climaxed last week
        AFP  -  90 words
      • Article
        Lock icon Aussie paper's due-day sales gimmick
        93 10 Bloomberg [SYDNEY] News Lid, the Australian arm of Rupert Murdoch's News Corp, yesterday expected to get 50,000 extra readers ofits national broadsheet, The Australian, after slashing the newspaper's cover price to 10 cents for the day. The one-off promotion is sponsored by Toshiba Corp and
        Bloomberg  -  93 words
      • Article
        Lock icon Japan warns up to Russia
        63 10 AFP [TOKYO] Japan's Foreign Minister Masahiko Komura told hi* Russian counterpart Yevgeny Primakov yesterday he hoped to "accelerate" progress in warming relations, toeign ministry officials here said- "Our basic measags is continuity. The improvement in the Japan-Russian relations is irreversible and I intend to accelsrate
        AFP  -  63 words
    • Article
      Lock icon US to keep India, Pakistan sanctions till tensions ease
      254 10 WASHINGTON But it lets World Bank, IMF help the two N-rivabi Reuters THE United States said on Monday it would not lift sanctions against nuclear rivals India and Pakistan until the governments agreed to steps to ease tensions. The White House
      Reuters  -  254 words
    • Article
      Lock icon Korea to sell or merge state-owned companies
      182 10 ■SEOUL Bloomberg SOUTH Korea said it will sell or merge three-quarters of the businesses owned by 19 state-invested companies, including Korea Electric Power Corp, to trim staffing levels and bolster their finances. Forty out of 55 businesses will be affected in the second
      Bloomberg  -  182 words
    • Article
      Lock icon Lanka declares one-month emergency; polls put off
      239 10 COLOMBO Reuters SRI Lanka yesterday declared an island-wide state of emergency for a month, effec tively ruling out the possibility of holding elections to five provincial councils scheduled for Aug 28, government officials said. Speaker K B Ratanayake told Parliament that President Chandrika
      Reuters  -  239 words
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      171 10 I 111 y] |ft 11| I PERKS talks to I I Enterprise HR I I Systems! I Mi PERKS interfaces to external HR Systems. If you are using WB Enterprise HR Systems, talk to us about how PERKS imports WBm masters and transactions automatically and generates the |||H payroll according
      171 words
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      16 10 Buy It Sell It Find It Classified. TfflP |CAT AI 1800-737-1166 Call Today For Results Tomorrow.
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      691 10 \O/t C( S io Villi I ISIMI-74! ISS3 NOTICE IS HEREBY GIVEN that, I Tse Kwok Ming of 37 Wilkinson Road, Singapore 4366%, have applied for a Second Class Public House Licence in respect of M/s Ocean Garden Restaurant Pte Ltd located al 290 Orchard Road #05-19/20, Paragon, Singapore *****9,
      691 words
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      9 10 MORE NOTICES ON PAGES 4. 6, 24. 26 28
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  • THE WORLD
    • Article
      Lock icon Fitch IBCA sees correction in US dollar, stock markets
      454 11 LONDON It cites US current account deficit which has been rising in last four quarters Reuters A WIDENING current account deficit in the US and a likely turnaround in the dollar eventually will lead to a reversal in high-flying US markets,
      Reuters  -  454 words
    • Article
      Lock icon US to reduce Q3 debt for first time in 25 years
      307 11 WASHINGTON It forecasts net USs4sb cut in accumulated debts Reuters STRONG tax revenues stemming from the economy's long-running expansion will permit the first third-quarter pay-down in government debt in 25 years, the Treasury Department said on Monday. It forecast
      Reuters  -  307 words
    • Article
      Lock icon US helping boost Asian stability: Summers
      244 11 MILWAUKEE Bloomberg THE Clinton administration is working to help restore investor confidence in nations affected by Asia's financial crisis, said US Deputy Treasury Secretary Lawrence Summers. "Our goal is clear: to work to restore stability and growth in Asia and Russia and prevent further
      Bloomberg  -  244 words
    • Article, Illustration
      Lock icon An expensive World Cup souvenir
      69 11 [MONACO] French auctioneer Jacques Tqjan posing with Footix, the official mascot of the 1998 tournament, on Monday. This representation of the mascot was designed by Paris jeweller Marc Princ and weighs five kg, including two kg of gold and 1.15 kg of 40carut < mon
      AFP  -  69 words
    • Article
      Lock icon Saudi Arabia orders spending cuts as oil prices stay low
      336 11 DUBAI AFP SAUDI Arabia, the world's largest oil producer, is slashing costs and seeking new financing to compensate for low oil revenues, as oil prices remain at a painfully low level. But spending cuts and delays In the government's payments
      AFP  -  336 words
    • Article
      Lock icon Tax cuts only in gradual steps: Waigel
      426 11 BONN Bloomberg GERMAN Finance Minister Theo Waigel said the government would not be able to overhaul the country's tax system in one fell swoop as planned next year, because budget constraints would not allow it. Were it to win re-election in September's general
      Bloomberg  -  426 words
    • Article
      Lock icon US June leading indicators index down
      370 11 WASHINGTON Bloomberg THE US index of leading economic indicators (LEI) fell for the second consecutive month in June, suggesting economic growth may be slower in coming months. The Conference Board's index, intended to project economic activity over the next half year, was down 0.2
      Bloomberg  -  370 words
    • Article
      Lock icon Iran to acquire satellite technology
      148 11 TEHERAN AFP IRAN will acquire the necessary technology to manufacture multipurpose satellites under a cooperation agreement with five Asian countries, Radio said yesterday. Representatives from China, Iran, Mongolia, Pakistan, South Korea and Thailand, were negotiating in Teheran the "technical and financial" terms for the project
      AFP  -  148 words
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      272 11 @9PfH^ 7^r r™ 7~7i -hi-W'-1 I MM Mm 1 mm I M I -MEA*~ 'mM I u m J-J -7JJ DIT D AI C 1111 PAKICCDCKI^C O MC«T_ Lit mJ 1 gl. H iWi .m. -Mmf P 111 M -Kara -M l»I MwßßggMhn fc* '-•i** C f*TJW frry *'#^y'+iffr-^ifrijgpßajjljMßapn P
      272 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      31 11 DOOHESbuhY By Garry Trudeau r SR.I CANTeejMZNePX WTYOUCANTPROJECTK/P5 2&ZZ ——l^cSwcs'l^w^l S%tc%A%Z OUZOI I PANCS! THIS \,W I HATS lOK THBY SHOW I I BVBR.HAP- J COUNTRYHAS 111 MY&ZA.M THSSBHLMS I 1
      31 words
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  • Page 12 Advertisements
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      48 12 under -ft*. .Ml. J a little more innovative j Cell Star One (*****22) Comit Shop (*****55) Ellipse Technologies (*****18) Gwee Shop (*****66) Jia Ylng (*****04) Keppel Communications (*****11) Ml Shop (1800-843 8383) Pacific Page (*****81) Telepoint (*****33) Tele Station (*****63) The Wywy Shop (*****55) Centel Corp (*****98) www.ml.com.tg
      48 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Clinton saga more than just a domestic one
      792 13  -  BOTTOMLZVE OPINION By Thomas Friedman The writer is a New York Times columnist I THOUGHT that by going all the way to Brazil, I might actually escape the Bill Clinton soap opera Wrong. Scene one: A Brazilian macho men's association recently voted
      792 words
    • Article
      IN OTHER WORDS
      132 13 'It is astonishingly wide. Everything is illegal, and they will tell us later what we will be permitted to do.' Simon Gleeson a lawyer, on the UK government s draft Financial Services and Markets Bill. 'If the president did have an improper relationship with that young woman,
      132 words
    • Article
      A ray of hope for Indonesia
      622 13 EDITORIAL AT long last, something has gone right for Indonesia Meeting in Paris last week, the consultative group on Indonesia (CGI), comprising 30 donor countries and international organisations, pledged US$7.9 billion (5513.7 billion) in aid for Jakarta This amount is at the higher end
      622 words
    • Article, Illustration
      Lock icon Life after the meltdown
      1050 13  -  The fortunes of East Java, one of Indonesia's engines of growth, will be a barometer for the rest of the country By Shoeb Kagda The writer is BT's Jakarta correspondent in Surabaya ON the road leading into the town centre from the airport, Surabaya's economic decline
      FILE PHOTO  -  1,050 words
    • Article
      WHAT THE OTHERS SAY
      584 13 Beazley appeals to the mind AUSTRALIAN Labor Party leader Kim Beazley has stuck his oar into the growing race debate in Australian politics. He has decided to take on Pauline Hanson, the political novice who stoked the racial fires so much that she has become the
      584 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      233 13 Witt Asia's economies get back to where they once wen? Watch the definitive TV guide that not only provides in-depth analyses of the economic turmoil but also offers possible solutions. I Asia in Crisis. Every Friday. Bpm. I Repeat telecasts on Sat, Sun and Mon. I 81.1 -l!l -2.3 -0.6
      233 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Get married, it's probably healthier
      1132 14  -  A new sociological study claims that marriage brings health, happiness, and even money to both men and women, writpg wabi pgrßOppMipiy^ HARA ESTROFF MARANO NYT THERE is a brand new recipe for a healthy life. The basic ingredients are a low-fat diet, regular exercise and
      NYT; FILE PHOTO  -  1,132 words
    • Article
      Lock icon Rare insight into life of reclusive J D Salinger
      588 14 BOOKS He was moody, cranky, withering in his assessments of people: ex-lover Reuters [NEW YORK] In one of the most complete published portraits of reclusive author J D Salinger, an ex-lover reveals that he locked his manuscripts in a safe, was
      Reuters  -  588 words
    • Article, Illustration
      Lock icon Shari Lewis, winner of 12 Emmys, dies
      631 14 OBITUARY She won the hearts of parents and their children for 40 years NYT SHARI Lewis, who used her estimable skills as a ventriloquist and puppeteer to win 12 Emmy Awards and the hearts of parents and their children for four decades with
      NYT; REUTERS  -  631 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      735 14 A INFORMATICS I W HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice Is hereby given that the Fifteenth Annual General Meeting of INFORMATICS HOLDINGS LTD will be held at Informatics Building, 5 Internstlonsl Bueineee Park, Slngapors *****4 on Tussdsy, 25 August 1998 st 10.00
      735 words
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      Page 14 Advertisements Column 2
      142 14 Bangkok 1478 N#wYork s 3< 'I! 1 Hong Kong $1470 Homo $3 5 Port* $1740 London $3| 5 Brisbano $2070 Vienna $3' 5' 1' LosAnqoUs $3490 Zurkh *****| Kuala Lumpur $180 Taipoi $490 Poaaag $190 Guangzhou $480 I Langkawi $270 Boifing $480 Kota Kinabalu $390 Shanghai $480 Jakarta $140 Tokyo
      142 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      145 14 'I'm WEATHER Wnppw* Showers with thunder in the night affecting most areas. Temperature (24/31 C) Ha h*i WHT OMi -fcraaloi IMI (tar Sttthotai IMS dotty A*"**' <toady Vlecci cfcuh Vm> ttU doaih BMgfcafc TVZt riuwert Znt 12/24 (toady B** ttW te.tr. Bnp. WHP OML B«*«y Aowen Mu IVlf (toady MP
      145 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      277 15 Where to wine, dine and entertain... kttp:// www. ana-kotels .com Not juat aeafood citlier. VSatt our Kome page and you can order tonight'• dinner from our cyfcer selection. Browse through the menu, leave us your order and it'll he ready to pick up hetore you can aay information superhighway'. We
      277 words
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      Page 15 Advertisements Column 2
      468 15 Buy It. Sell It. Find It. Classified. CATA Call Today For Results Tomorrow. **********6 \< i TO a night of I great fun and C —J entertainment HHHjH at Cangtry's Happy Hours 5.00pm B.oopm Daily ith complimentary snacks it entertains Wf Mondays Saturdays 24 Mount Elizabeth' Singapore *****8. 1 J
      468 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      865 15 TVVRADIO War. 10.00 Close. 1 J«1 L :I»1 fTffTgT^^— 1040 News 5 Tonight. LOO PM TV Innovations. f22 ILOO Business Day. 3.00 CDIS. 4.00 Kidz Blitz: Walter Mel- n.m Frasier Roz Krantz 4.00 Setulus Kasih (r). on. Gouldenstein Are 100 Keluarga Harmuni (r). II."» 440 Noah's Island. Dead (See Our
      865 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      128 15 CRYPTIC CROSSWORD ACROSS fflS^Sd^dS^ >Ur(7> 8 Hates notes made on exams raBT^TOBMOTIOI> DOWN 14 Impasse no longer fresh tpom nppriQ rpnlarina (Q\ fnTotTfrfl/'^^nioryiirniKn 1 Stop girl doing local work (7) 15 Deerstalker s ambition, in 2 Drunkard, but excellent king retrospect? (9) (5) 17 Confronts with bill and ex--30 to
      128 words
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  • WIRED FOR BUSINESS
    • Article, Illustration
      Sterling targets Asian companies
      863 16  -  S'pore to be key player in US e-commerce technology provider's plans, reports tohhamshxh TOH HAN SHIH SINGAPORE will be the base from which Sterling Commerce rolls out electronic commerce communities across the Asia-Pacific region, and where the US firm will pioneer its latest e-commerce technology for
      863 words
    • Article
      IBM launches two new e-business servers
      411 16  -  New version of single sign-on software also to debnt this month By: Raju Chellam [SINGAPORE] International Business Machines Corp last week kicked off its "Foundation for e-business" symposium in South-east Asia with the launch of two new e-busi-ness servers from its RS/6000 and AS/400
      411 words
    • BOOKmarks
      • Article
        Net spendin Europe seen surging
        109 16 BUSINESSES and consumers in Europe win continue to spend more on Internet access due to the curve In online audiences and demand for Net services, according to a report by Forrester Research. Forrester predicts that Net access spending in Europe will hit U8$U4 bffiUm (S»30.4
        109 words
      • Article
        Log on for Stanford degree
        42 16 50 part-time studlnts leading to a master's degree in electrical engineering. The programme will include audio and video streaming, electronic distribution of notes, interaction between students and instructors, and onlim posting of homework and exams. See wwwjtanfcnLedu.
        42 words
      • Article, Illustration
        Catch NDP 98 on the Net
        9 16 view as well
        9 words
      • Article
        Youth can make it happen!
        28 16 application form or through the Web site. Grants will be provided to turn good ideas into reality. Visit www.nyc.youtlLgovifar call 8MlQB for details.
        28 words
      • Article
        Vote for your favourite novel
        46 16 BOOK lovers, checkout the Top 100 novels list compiled by The Modern Library Board at their new sits. The site also features an online forum, and hoets a contest to win a different Modern Library book each week. Go to www.randomhouse.coni/modendStarary/106beet/.
        46 words
      • Article
        Newsgroup service goes multi
        72 16  -  kjp Frasdu Ang the Web, Deja News, which organises Net discussion groups, is offering 17 no»-KngtiBh languages DefrNews said as much as 30 per cent of the discussion on Hs service is in languages other than English. Users will be able to search the Net for
        72 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      177 16 f-innHira* P-oufflnPffl m e-business Secar^ E-BUSINESS: MAKING INTERNET ZITL BANKING MORE ZZy" architectures. an the That's United Overseas when decided to become an e-business. More specifically, Netruct ready enablement enabled the customers to do their transactions via the solutions. can web. Transactions like making bill payments, viewing share and implement
      177 words
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      Page 16 Advertisements Column 2
      5 16 brought to you by 7
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  • Companies & Markets
    • Article
      Rules for foreign unit trusts' feeder funds being studied
      400 17  -  Monetary Authority of S'pore and fond managers in 'ongoing consultations' By Shiv Taneja [SINGAPORE] The Monetary Authority of Singapore and the fund management industry ace "in ongoing cotwiultaSingapore unit trust which and regulations haNjiifcft decided which inqtiitry observers said could be
      400 words
    • Article
      Lock icon Metchem in Venture share placement?
      74 17 Reuters [SINGAPORE] A major shareholder of Venture Manufacturing Ltd is making a placement of up to 10 million shares at $4.10 each, dealers said yesterday. Dealers said the seller was Metchem Engineering SA. Metchem held a 28.9 per cent stake in elec-tronics-based Venture following a
      Reuters  -  74 words
    • Article
      Temasek's stand on voting
      355 17  -  LETTERS TO THE EDITOR Fong Yong Kian Press Secretary to Minister For Finance IN" "Let minority shareholders decide Semb-Corp-STIC merger" (BT, July 29), Lee Han Shih argued that Tequetk should not vote in the proposed merger between Sembawang and STIC. He said "it seems to be
      355 words
    • Article
      STPL on SembCorp-STIC merger
      248 17  -  Wee Kim Hin Director, Corporate Affairs Singapore Technologies Pte Ltd WE refer to Lee Han Shih's article of Wednesday, July 29, 1998, headlined "Let minority shareholders decide SembCorp-STIC merger". We are pleased to confirm that STPL has already given its undertaking to vote in favour of
      248 words
    • Article
      Not all is lost for HK's Big Three
      797 17  -  HOCK LOCK SIEW Quak Hiang Whai SO the results of Hongkong's Big Three are in. At first glance, they sure aren't pretty. Bank of East Asia was first up last week when it unveiled a five-fold rise in specific provisions to HK$34l
      797 words
    • Article
      DBS Land places out 75% of $650m bond and note issue
      387 17  -  It refutes report buyers couldn't be found for whole issue By Lee Han Shih [SINGAPORE] DBS Land has placed out 75 per cent of a 1650 million bond and note issue and refuted a report yesterday that it could
      387 words
    • Article
      CAM unit accepts US$1.8m settlement
      309 17  -  By Annette Pao [SINGAPORE] Troubled CAM International Holdings yesterday said its subsidiary CAM International Trading Investments (CIS) has accepted a US$l.B million (Ss3.l miUion) out-of-court settlement of its suit against a Papua New Guinea firm and one of its directors. In a statement yesterday, CAM
      309 words
    • REGIONAL COMPANIES
      • Article
        Some KL stocks with court protection resume trading
        585 19  -  Despite dampening impact on share prices, analysts welcome move From, Ruth Wong in Kuala Lumpur MALAYSIAN companies which had sought court protection under Section 176 of the Companies Act are resuming trading on the stock exchange after their shareholders' funds are ascertained
        585 words
      • Article
        HK tycoon raises stakes in Sino Land, Lai Sun
        510 19  -  From< Quak Hiang Whai in Hongkong PROPERTY and textile tycoon Chen Din-hwa has continued to lift his stakes in some of the more highlygeared conglomerates as he bought more shares in listed Sino Land and Lai Sun Development last week. In
        510 words
      • Article, Illustration
        Lock icon EnerSave Holdings' IPO 62.4 times subscribed
        276 19  -  Rate for Lsm public tranche shares this year's highest By, Jennifer Lien [SINGAPORE] Riding on a fresh wave of IPO fever, EnerSave Holdings' public tranche of 1.5 million shares raked in a subscription of 62.4 times the highest so far this year. Before EnerSave's
        FILE PHOTO  -  276 words
      • Article
        Civil engineering firm gets listing nod
        245 19  -  By David Boey [SINGAPORE] Chew Eu Hock Holdings Pte Ltd, a leading civil engineering group that built Changi Airport's Runway II and reconstructed Nicoll Highway, announced yesterday it has received in-principle approval from the Stock Exchange of Singapore for a ma in board listing.
        245 words
      • Article
        Omni to buy 89% stake of substrates start-up
        382 19  -  By, Annette Pan [SINGAPORE] Local contract manufacturer Omni Industries will buy an 89 per cent stake in start-up Micro Circuit Technology (MCT) for $5.5 million, a move which should boost contribution from its semiconductor supporting business from what is "now effectively nil"
        382 words
      • Article
        Lock icon Bell Atlantic to sell C&W Com stake through bond issue
        397 20 Cable k Wireless unit's shares fall 10.8% on news of the US$L5b issue FT [LONDON] US local telecommunications group Bell Atlantic signalled on Monday that it was disposing of its 18.5 per cent stake in UK's Cable Wireless Communications (C&WC)
        FT  -  397 words
      • Article
        Lock icon Kodak, Imation in US$520m deal
        248 20 NYT [ROCHESTER, New York] Eastman Kodak Co will buy Imation Corp's medical imaging business for US$520 million (S$896.5 million) in cash, the companies announced on Monday. The deal takes Imation out of a US$535 million business that was strategically superfluous, even though it accounted for
        NYT  -  248 words
      • Article
        Lock icon Intel sued for US$500m by small firm over patent
        150 20 Bloomberg [CHICAGO] Intel Corp is being sued by Tech Search LLC, a small Chicago company, which is seeking about US$5OO million (SSB62 million) if the world's largest computer-chip maker doesn't offer royalties on a disputed patent. Tech Search said in its
        Bloomberg  -  150 words
      • Article
        Lock icon TV giants in talks to form European alliance
        520 20 Italian Mediaset, Germany's Kirch, Murdoch, Alwaleed discuss ideas Bloomberg [MUNICH] Mediaset SpA, Italy's largest private television company, Rupert Murdoch's TV companies, Germany's Kirch Group and Saudi Prince Alwaleed bin Talal are in talks to create a European TV powerhouse, officials at some
        Bloomberg  -  520 words
      • Article, Illustration
        Lock icon Albertson's in US$11.7b merger with American Stores
        515 20 Deal latest in supermarket merger wave LAT-WP [BOISE, Idaho] Albertson's Inc said on Monday it agreed to acquire American Stores Co, owner of the Lucky, Acme and Jewel grocery chains and the Sav-on and Osco drugstore chains, in the latest deal in a
        LAT-WP; REUTERS  -  515 words
      • Article
        Lock icon Net profit at Buffett's Berkshire more than quadruples
        302 20 Bloomberg [OMAHA, Nebraska] Berkshire Hathaway Inc. billionaire Warren Buffett's investment and insurance company, said second-quarter earnings more than quadrupled, buoyed by a weU-timed bet on interest rates. Berkshire said net income rose to US$l.lB bUlion (Ss2 billion), or US$947 a diluted share,
        Bloomberg  -  302 words
      • Article
        Lock icon GM to spin off its Delphi automotive supplier unit; union opposes move
        561 20 IPO planned for early next year; company valued at USslob-sl2b Reuters [DETROIT] General Motors Corp on Monday announced the long-expected plan to spin off its Delphi Automotive Systems unit and immediately drew a sharp rebuke from the United
        Reuters  -  561 words
    • FINANCE & COMMODITIES
      • Article
        Manulife moves regional office from S'pore to HK
        385 22  -  Shift is part of Canadian insurer's plan to expand presence in Asia By I Soh Tiang Keng [SINGAPORE] Canadian life insurance company Manulife Financial has shifted its Singapore regional office covering Asean and Korea to Hongkong, which now overseas all Asian operations.
        385 words
      • Article
        Lock icon Citibank, Asahi Chemical tie up to offer mortgages
        271 22 Bloomberg [TOKYO] Citibank NA will form an alliance with a Japanese home builder to provide mortgages, a move designed to bolster the US bank's retail business in Japan. Citibank will offer loans between five million yen (S$60,000) and 100 million yen to
        Bloomberg  -  271 words
      • Article, Illustration
        Lock icon Hard for Daiwa venture to find foreign partner
        358 22 Potential conflicts over control seen as Sumitomo is also in Bloomberg [TOKYO] Daiwa Securities Co, Japan's second-largest broker, and Sumitomo Bank Ltd, its second-largest bank, may find it difficult to attract a suitable foreign partner to join their investment banking joint venture,
        Bloomberg  -  358 words
      • Article
        Lock icon Schroders to manage US stock fund in Buenos Aires
        174 22 Bloomberg [BUENOS AIRES] British investment bank Schroders pic will manage the first Buenos Aires-based mutual fund to invest in leading US and European stocks. The fund is being set up by Schroder Mildesa Investment Management, a joint venture between Schroders and
        Bloomberg  -  174 words
      • Article
        Lock icon NatWest's focus on retail services pays off
        336 22 AFP [LONDON] National Westminster Bank increased firsthalf pre-tax profits by 49 per cent to £967 miUion (552.7 billion) from £648 million in the first half of last year, the bank said yesterday, signalling that concentration on retail services had succeeded. Analysts had forecast
        AFP  -  336 words
      • Article
        Lock icon German chemical sales up 3.8% this year
        359 22 But export growth may slow with Asian crisis, US slowdown Bloomberg [FRANKFURT] The German chemical industry's sales rose 3.8 per cent in the first five months of 1998, driven by higher exports and rising domestic demand, said VCI, the German chemical industry association.
        Bloomberg  -  359 words
      • Article
        Lock icon JGBs firm slightly on short-covering
        191 22 Hiiiiia Report Reuters [SINGAPORE] Simex Japanese government bond futures ended slightly firmer yesterday after some shortcovering shored up the market as Tokyo stocks came off. Dealers said Japanese Finance Minister Kiichi Miyazawa's comments on tax cuts spooked the bond market causing some selling, but weakening
        Reuters  -  191 words
      • Article
        Futures dip amid falls in major bourses
        188 22  -  MSCI TAIWAN FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures finished slightly lower yesterday morning as declines in the world's major equity markets marred market sentiment. The August 98 contract opened down but rebounded from
        188 words
      • Article
        Lock icon Oil inches up on renewed Iraq-UN row
        240 22 EMERGY REPORT Reuters [LONDON] Besieged world oil prices clawed back a little lost ground yesterday after the collapse of talks between Iraq and United Nations weapons inspectors. The benchmark Brent blend clambered up 19 US cents to U5512.75 a barrel at 1343 GMT,
        Reuters  -  240 words
      • Article
        Lock icon CURRENCY REPORT
        279 22 AFX-Asia AFP THE dollar was firmer in late trade as the markets viewed with disappointment comments from Japanese officials on the government's plans for tax cuts and hints, dealers said. Finance minister Kiichi Miyazawa earlier said planned tax cuts, including corporate and income tax, may exceed six trillion
        AFX-Asia; AFP  -  279 words
      • Article, Illustration
        Untitled
        1214 22 DCTERBAJfK CROSS RATES Aug4 a*. 2 g S z js ;£s: j: ,s js afeSg j a js SS? 1 £2 m VSL y& H5 1«* 1I»4 2J39 1292 ********** U40 4.112 0.990 22.756 26.894 0.406 0.661 SS? 1 ?22 ?2K a,W °5f S?H 5.25 ***** 0J74 1494 (L499 0235
        1,214 words
    • Article
      COMMODITY PRICES
      1598 23 BOOMFOTOEBS Aug 4 RUHO (Mm dMtat«s at S Mm) ISS1 CONTRACTS cwtiA<j) CtoM ValMM Opon Mowt* Hlgft Uw Stt (tWWH) tatorort Sep 98 fROO 490 Oct 98 115.25 1450 Nov 98 115.50 1450 OK 98 117.00 117.00 116.25 300 1475 Jm/MV99 118.75 2025 Apr/Jon 99 123.00 1950 Jul/S«p
      1,598 words
    • Article
      WORLD STOCK MARKETS
      2160 23 LONDON H4 N«a 31 Croup 560.000 -13.000 AB Port* 337.400 -2.600 Abbay National 1125.000 7.000 AHiad Oomacq 560.400 2.400 Amtc 165.000 until Asda Group 190.000 -9.400 BAT tad 670.000 -8.000 BG Pic 370.400 -0.600 BICC 125.000 unch BOC Group 766.000 -22.400 BR Patroiaum 812.000 2.000 BTR 157.000
      2,160 words
    • Article
      Lock icon TOKYO
      1624 23 Bloomberg Q Nikkei 22S -14L50 JAPAN'S stocks fell for a second day as signs of weakness on Wall Street heightened concern the country's foundering economy may hurt growth in the US as well as in Asia. Bank of Tokyo-Mitsubishi Ltd and Sony Corp led the decline after stocks hit
      Bloomberg  -  1,624 words
    • Article, Illustration
      Lock icon HONGKONG
      1388 24 AFP Q Hang Seng ****** SHARE prices ended higher yesterday, wiping out earlier losses as the Japanese yen rebounded after slumping to the 146 level against the dollar, dealers said. Michael Ng, dealing director at Sassoon Securities, said, however, that sentiment was still weak following an overnight dip on
      AFP  -  1,388 words
    • Article, Illustration
      Lock icon JAKARTA
      688 24 AFP POompoatelMtei -13J1 INDONESIAN shares yesterday slumped 2.9 per cent on selling in large-cap stocks amid jittery sentiment in regional markets, dealers said. Mashill Securities equity sales manager Jenny Hartanti said there was a lack of strong news domestically to counter bearish regional sentiment. "Big-cap stocks like Semen Gresik,
      AFP  -  688 words
    • Article, Illustration
      Lock icon BANGKOK
      752 24 AFP n SET Index -186 THAI shares clawed back some of their sharp early losses to close 1.1 per cent softer yesterday, hitting yet another year's low amid doubts over local banks and the Japanese yen, analysts said. They said trading was thin and volatile as the market sank
      AFP  -  752 words
    • Article
      Lock icon MANILA
      287 24 AFP 11—- -3L63 PHILIPPINE share prices closed 2 per cent lower yesterday, but off the day's low as investors sold shares of blue-chip Ayaia Land Inc, expecting it to post weak interim results. The Philippine Stock Exchange Index lost 31.63 points to 1,511.44. Volume rose to 507.8 million shares
      AFP  -  287 words
    • Article, Illustration
      Lock icon CHINA
      563 24 Reuters PShauh»BlnifiT -2JBI SHENZHEN'S hard currency B shares dropped to a new year closing low yesterday as weakness in the Japanese yen and declining Hongkong stocks triggered selling from foreign investors, analysts said. The B Share Index fell 2.81 points, or 4.49 per cent, to 59.95 on turnover of
      Reuters; Source:  -  563 words
    • Article
      Lock icon TAIPEI
      326 24 AFP □WPMar -6JO TAIWAN share prices closed lower yesterday amid thin trading as late profit-taking wiped out early gains on the back of technology issues, dealers said. The Weighted Price Index dropped 5.90 points to 7,593.14. "The main board was undergoing consolidation amid thin volume," said Stanley Hsu at
      AFP  -  326 words
    • Article
      Lock icon SEOUL
      395 24 AFP Composite Index +3.73 SOUTH Korean shares gained in a technical rebound, with sentiment boosted by a recovery in the Japanese yen, dealers said. The Korea Stock Exchange Index closed up 3.73 points at 333.20, off a high of 335.10. The benchmark corporate bond yield was down at 11.7
      AFP  -  395 words
    • Article
      Lock icon SYDNEY
      561 24 AFP V%hROHiMiim +&JS AUSTRALIAN share prices improved 0.3 per cent yesterday, helped by big miner BHP which is in the process of a management clean-out warmly welcomed by analysts. The All Ordinaries Index rose 8.5 points to 2,682.3. The All Industrials rose 3.5 points to 4,726.5, while the All
      AFP  -  561 words
    • Article
      Lock icon WELLINGTON
      237 24 AFP Q Wellington -2KB NEW Zealand stocks fell 1.1 per cent yesterday, pushing the market barometer below the 2,100-point level, on the back of global market weakness. The NZSE-40 index lost 23.02 points to 2,061.02. Turnover amounted to NZ$7B.9 million. AMP fell 65 cents to NZS24.SO—AFP *h rmm ANZBanMnq
      AFP  -  237 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        6660 25 INDUSTRIALS CMSWMT pndKts IM« Last Vol Day Nat Cap Mm l>» Cawpany t«H '000 HMi L— S— 310 180 Ajinomoto 190 -5 4 194 190 10.5 77.0 148 40.5 Angkasa 43 unch 2 43 43 10 63.4 290 123 Apollo Food Hlg 138 2 7 138 132 4.8 55.2 388
        6,660 words
      • Article, Illustration
        Lock icon Rate cuts still causing concerns
        325 25 AFP FlCompofflte Index +OJ7 MALAYSIAN shares ended barely higher yesterday in thin and cautious trade amid persisting concerns about the easing of monetary policy, dealers said. The Composite Index moved in a tight range before ending at 386.44 points, up 0.17 of a point from
        AFP  -  325 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3132 26 KM L«t Val Diy Laat OwM Avg Htgh L— $tw Company SO> *ar- COOP) High L— Buyar SaHar Prtea 233 9 m 3000 m AMOB C5.5H*****6 9.5 9 12.5 20.5 4.5 3160 A Acar ******1 USS 4.5 43 95 8 3164 Acma ******4 8 unch 18 8.5 8 8 8.5
        3,132 words
      • Article
        TA Ent wrt: high-risk punt
        179 26 WARRANT WATCH DEEPLY out-of-the-money warrants that are about to expire are probably the worst instruments to be holding at the moment, so it's interesting to see one such warrant still trade a relatively decent volume yesterday. Malaysian brokers TA Enterprises' warrant expires in November and
        179 words
    • Article
      CLOB INTERNATIONAL
      1860 26 Transaction date Auft 3 MuniMSTOctt mmnini IHlHllnlTillirilM IHIIiHIMHHMiWIII mm Gr Gr T if* B»y LMtOuat* Mr Mv YM Nat M Cm L— S*m tmrnrn fan rooot u» im» w* cur m urn A&4 2 2S? 28 36J 34 35 36 5.0 3J 2.9 15J 36.9 653 12 mi
      1,860 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      5155 27 Transaction date: Auu 4 1999 lm( vel 9wy LmtOm* J2! T2 25r C *t if 9tW* Cimfmy s*e roooi 49* t— r P* —!zl rt 43 12.5 e KMO ACCDy»amlcs20c—1T3 J 5 0-1 31 IM ASACeraflMc 20c. US22 «dl 2 22 22 213 22
      5,155 words
    • Article
      SESDAQ
      1006 27 9r Or M at l48t Val Day Laat Oaata Dk Dk n M Cap a** u» MM, tat, V- rOBO) Ca» —yar W Or Wl »J»*a7 134 SO 0 2000 AMHUtiSc 79 >40 79 Ml n 243 I 2049 UAuttlk 81 4 120 «2 MS 6t.5 SON MUM 993
      1,006 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        215 28 Stocks ValMM ST Capital 25c 8,813,000 TAC BtIO 200 7.670.000 DBS Foreign 4,015,000 SingTel 15c 3.908.000 NatSteel 50c 3,898,000 OUB Foreign 3,810,000 OCBC Foreign 3,778,000 UOB Foreign 3,650,000 Hotung Inv NT5 3,546,000 *M Resources 3.539,000 u»da > DBS Foreign 37,318,283 OCBC Foreign 23,407,480 UOB Foreign 19,096,311 City Dev 50c 13,923,957
        215 words
      • Article, Illustration
        HOT STOCK
        54 28  -  -by Shiv Taneja NATSTEEL Ltd closed one cent higher yesterday at $1.95 on a volume of 3.89 million shares, compared with its 10-day traded average ot 1.5 million shares. In the near term, there is more upside for the stock, but it will most likely encounter some resistence
        54 words
      • Article, Illustration
        Property stocks fall further as banks stay in focus
        649 28  -  STOCK IKAKKBT COMMENTARY Earnings-related reasons, merger speculation cited as Actors for interest in banks By R Sivanithy [SINGAPORE] Interest in bank counters either because of eamings-re-lated reasons or because of merger speculation was the main feature of trading in a mixed
        649 words
      • ON THE GRAPEVINE
        • Article
          Analysing a rumour
          90 28 THERE may be some substance to the rumour that the Singapore Technologies group is negotiating to buy a stake in local stockbroking firm, J M Sassoon Co(Pte) Ltd. ST Capital, which is shaping up to be the financial arm of the ST group, has a new president
          90 words
        • Article
          'Fine' way to learn
          121 28 SOME time ago, we were told that electronic road pricing at the Central forwards^ was not to get extrarevenue, we wenetold* Yet, just a few days ago, Chin Kian Keong, the Land Transport Authority's senior came up with exouaes like to insert their cash cards In
          121 words
        • Article
          Food stock
          105 28 A GOURMET stock could be bubbling up In Paris. Bernard Loiseau, who owns the La Cote d'Or restaurant—one of the 21 restaurants in France to earn a three-star rating in the Michelin Guide wants to go public this September. The chef told Business Week recently he hopes to
          105 words
        • Article
          Not quite a sterling deal
          8 28 ith the 88.6
          8 words
        • Article
          Head on the street
          29 28 DBS Bank's acquisition of POSBank, with the merged entity accounting for 40 per cent of total Sing dollar deposits, continues tomate talk. A "E^mnEUg goes.
          29 words
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      78 17 g &g 3 EATING TAKES A New Shape. >i Bobo /-I' waiting and reception areas Ihe solution 11 huh \how jhi mJi\! l /ihtlif\ of j loni/hui i a is no: nulu THE STRENGTH OF A COMPANY LIES IN THE BACKBONE OF ITS STAFF, l-hm/ilmi /S I i i I'r,
      78 words
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      69 18 I BY POPULAR DEMAND, I WE'VE PUT OUR PLANS I TO CLOSE THE MARCO POLO I HOTEL THIS YEAR I WHERE THEY BELONG. I *vi t%* yfe fpi t i V> 4 .4 v, H ESjJ|raHra mM I JeJHBI 1 <• fr T i M:!Il' r®. ;v wk* IBL >L%.
      69 words
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      108 19 The best piece of ne i w r s §s* a 4 in todays paper. For just HK$ 1,488 you can now enjoy the award winning service that has made us one of Hong Kong's premier hotels. Better still, for only HK$4OO more, you can upgrade to the luxury of
      108 words
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      123 20 k **J» >*T1 £>«Vp feJ" 11jB^ M, M^^^^^^^^i^**Tß^^''*'''*y*'^>| **fc»iy™ bp ■■i?i t t# t*? t A i?! 1^!?!^?* Egjjl HOW TO 1 INFLUENCE I YOUR DEALERS and WIN CUSTOMERS Give them a Star Cruises Holiday the ideal incentive Ik Shorter trip closer to home Ik Higher value lower cost Ik
      123 words
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      974 21 y ir WSFSt'" F* t P^" M -^M '-a|y .*fQ^^HHjHHr/ j|^|B|j^^^Bl|lU||BU|li|Si^^H ■■HE I H •"'•^^S^^^S s ;'»< > fl I I r Br I 1 You'll soon know the different time zones like the back of I I IL J hand. Because only Citibank Cathay Pacific Visa I ■lJ P...
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      110 24 NOTICE IS HEREBY GIVEN that, I Koh Shu Hun, Lynda of Blk 344, Yishun Ave 11, #03-149 Singapore *****4, have applied for a Public House 2nd Class Licence in respect of M/s "Le Deli" By Jason located at #01-19/20, Robertson Walk Singapore *****5, and that this application will be considered
      110 words
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      Page 24 Advertisements Column 2
      114 24 NOTICE IS HEREBY GIVEN that, I Ng Ah Beng of Blk 5, #06-362, Bedok South Ave 2, Singapore *****5, have applied for a Wholesale Beer Licence in respect of M/s Hai Guan Mini Super Market Pte Ltd, Located at Blk 84, #01-01 Bedok North St 4, Singapore *****4, and that
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      Page 24 Advertisements Column 3
      111 24 NOTICE IS HEREBY GIVEN that, I Tay Wee Leng of Block 159, Jalan Teck Whye #11-139 Singapore *****9, have applied for a Public House 2nd Class Licence in respect of M/s Humphrey Wharf Fish Chic Chips Pte Ltd located at 263, Holland Avenue Singapore *****7, and that this application will
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      Page 24 Advertisements Column 4
      12 24 {business^ TURN TO PAGES 4, 6, 10, 26 2S FOR MORE NOTICES
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      100 25 NOTICE IS HEREBY GIVEN that, I Chua Jambo of 47 Guillemard Rd, Singapore *****3, have applied for a Retail Liquor Licence in respect of M/s Jambo Mini Mart, Located at 120 Tembiling Rd, Singapore *****9, and that this application will be considered by the Liquors Licensing Board on 4 September
      100 words
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      Page 25 Advertisements Column 2
      108 25 NOTICE IS HEREBY GIVEN that, I Koh Shu Hun, Lynda of Blk 344, Yishun Ave 11, #03-149 Singapore *****4, have applied for a Retail Liquor Shop Licence in respect of M/s "Le Deli" By Jason located at #01-19/20, Robertson Walk Singapore *****5, and that this application will be considered by
      108 words
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      103 26 NOTICE IS HEREBY GIVEN that, I Wee Hong Lim Patrick of 11 Pemimpin Drive #06-04 Singapore *****8, have applied for a Public House, Second Class Licence in respect of M/s Coffee Hub located at 39/40, Pekin Street #01-01 Singapore *****9, and that this application will be considered by the Liquors
      103 words
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      Page 26 Advertisements Column 2
      109 26 NOTICE IS HEREBY GIVEN that, I Koh Siew Leng of Blk 406 #12-251 Sin Ming Ave Singapore *****6, have applied for a Retail Liquor Shop Licence in respect of M/s Lim's Provision located at Blk 458 Hougang Ave 10 #01-KI Singapore *****8, and that this application will be considered by
      109 words
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      Page 26 Advertisements Column 3
      111 26 NOTICE IS HEREBY GIVEN that, I Ong Chuay Stella of Blk 508 Pasir Ris St 52 #04-171 Singapore *****8, have applied for a Retail Liquor Shop Licence in respect of M/s The Ong's Family located at Blk 775 Pasir Ris St 71 #01-402 Singapore *****5, and that this application will
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      Page 26 Advertisements Column 4
      13 26 TURN TO PAGKS 4, 6, 10. 24. 25 2S FOR MORI NOTK KS
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      27 27 r JU&R* lASTIKN WATCH, LUCKY RtAZA, *01-74, «01-3«/37/33 ORCHARD ROAD Till 734 313* DfLUXI lASTIRN WATCH, CIMTRIPOINT, #01-13/30 ORCHARD ROAD Till 333 333* v■' s <"-h:-.-?; i■
      27 words
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      434 28 [BUSINESS of ices NOTICE IS HEREBY GIVEN that, I Sirrfon Peter Mcloughlin of 27 Taman Wama Singapore *****3, have applied for a (01) Public House, First Class Licence in respect of M/s Sistina Pizzeria Y Ristorante located at Blk 44 #01-58 Jalan Merah Saga Singapore *****6, and that this application
      434 words
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      Page 28 Advertisements Column 2
      363 28 IN THE MATTER OF THE COMPANIES ACT (CHAPTER SO) AND IN THE MATTER OF KIMKS PTE LTD (Incorporated in Singapore) Member*' Voluntary Winding-up At an Extraordinary General Meeting of tie member* of KIMKS PTE LTD duly convened and held at 101 Upper Cross Street. *06-09/10 People's Par* Centre. Singapore *****7.
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      Page 28 Advertisements Column 3
      444 28 FORM MA THE COMPANIES ACT (CHAPTER 50) SECTION 291(1) STATUTORY DECLARATION BY DIRECTORS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS I JAM! TITUS Name of Company: LANVIN (SINGAPORE) PTE LTD Company No: *****6109N The Registrar of Cotnpaates. Siappore 1. Alice So* of 391 A Orchard Road #22-08.
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      Page 28 Advertisements Column 4
      417 28 3 HUM MtWfiu Tangftn Mai, evasy third Saturday of the month, spm llpaa |cata| J, I Wf I METALOCK (SINGAPORE) LIMITED I (Incorporated in the Republic of Singapore) I ANNOUNCEMENT I RESULTS OF EXTRAORDINARY GENERAL MEETING I On 15 June 1998, the Directors announced that the Company I proposed a
      417 words
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      Page 28 Advertisements Column 5
      434 28 I IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF SEA BRIGHT SHIPPING PTE LTD (INCORPORATED IN THE REPUBLIC OF SINGAPORE) ON LKXHDAfION) MEMBERS' VOLUNTARY WINDING-UP NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Chapter 50) that the Final General Meeting
      434 words
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  • Shipping Times
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      Lock icon FREIGHT MARKET
      353 29 Bridge News Reuters THERE has been some fixing of gram cargoes with Louis DreyfUs being a major player. Rates continue to look dire in all sectors of the market with no imminent sign of improvement. TANI^S& The tanker market was slow to get started after the weekend. Caribbean
      Bridge News; Reuters  -  353 words
    • Article
      MARITIME STOCKS
      263 29 mmmmm *1* »fr M CWT Distribution 0.32 -0.035 1 Chuan»*p OJW unch 212 Coaco tovpstmant a495 unch 6 snsc—ss «ss BSOmSS 1SS ,ii IMCH*Mng*_HK 5.60 Jiyi HoidloQi 11 0.40 unch n Jurona Shipyard __7.60 unch 115 5252 £jfi 0 06 770 •UppalFELS 3.44 *0.06 212 Kappal Marin* 0.97
      263 words
    • Article, Illustration
      Anglo-Eastern management buys Perkapalan's stake
      330 29  -  Buy-out will be completed by Aug 31; group intends to retain all staff and crews By] Felix Chan [SINGAPORE] The management team of Anglo-Eastern Ship Management has successfully negotiated the sale of the company from Konsortium Perkapalan Berhad, the Malaysian transportation company controlled by Mirzan
      330 words
    • Article
      Lock icon Panama Canal to start inspecting ships
      162 29 Reuters [PANAMA CITY] The Panama Canal Commission (PCC) will launch an inspection programme on Aug 17 that will affect ships traversing the Panama Canal, the agency said in a release. PCC inspectors will check safety equipment, machinery, fittings, fire-fighting systems, and other related aspects
      Reuters  -  162 words
    • Article
      Latest anti-piracy initiative needs support of everyone in industry
      841 29  -  STRAIT TALK I By Seafarer A FEW weeks ago this column expressed some misgivings over a new anti-piracy venture which involved a private company sending ex-special forces personnel to regain control of hijacked vessels. But Seafarer has no similar reservations about
      841 words
    • Article
      Lock icon Korean shipping firms seek govt help over interest rates
      282 29 Bloomberg [SEOUL] Hyundai Merchant Marine Co and other South Korean shipping companies asked the government to help resolve a dispute with local banks over interest rates to protect their earnings. The move, coordinated by the Korea Ship Owners Association, comes as
      Bloomberg  -  282 words
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      Lock icon APL to manage logistics of GM plant
      204 29 [SINGAPORE] APL, a unit of Neptune Orient Lines (NOL), has clinched a contract to manage the logistical functions for General Motors' new regional manufacturing plant in Thailand. As the lead logistics provider for the facility, APL will design transportation routes, monitor the performance
      FILE PHOTO  -  204 words
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      Lock icon Royal Brunei to lead the way
      868 30  -  axrumb industry It is slated to play a leading role in Brunei's plans to become a regional passenger and cargo hub within five years By' Thomas Fuller IHT [KUALA LUMPUR] UNLIKE in Europe and the Americas, Asia's most successful airlines have sprouted in tiny
      IHT; FILE PHOTO  -  868 words
    • Article
      SHIPPING SCHEDULES INDEX
      351 30 PAOt Ethiopian 14 Amazon 14 Ew THfl 6 AW. 3 ExprassTL M Accord 8 F arwKJa 14 AhranMI 14 AooanshlD 5 fro<l IS UUOCL 14 WUrtu 16 Astro 3 Unk Austral 9 c m r < r »n» Avant 16 C#ftth W 8 tang Mas 8 Gter
      351 words
    • Article
      Shipping Guide
      17568 38 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser vessel Voyage Telephone I ETA ETA Advertiser Vessel voyage Telephone SIN Dest'n Seme Heme Number Number I SIN Oest'n Name Name Number Number A To BRISBANE (BNE) 2058 Queensland, Australia To ABIDJAN (ABJ) 2003 ovoe 03/09 cosco ru he owe Ivory Coast,
      17,568 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        703 45 Vw< Voy Mo Mrth Arrival Dtpjrturi II On MHl ****** "E liongxM 04.00/1700 01 U*Mt mm joi Mmn* iuWM M MrMNl 0*031* JOI tto*M* 04.00/1500 tt S M*Uu* OMOM JOI «on*M* 04.00/2JS1 fiaiSS mum joi mmm* tumm It tor N OMOM JOI MM* 04.00/2151 km MM OOA/M JM
        703 words
      • Article
        CONTAINER SCHEDULES
        1406 45 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booklng/B«l«nct ftitls Ship Voy Wo ttfc/ftr Ported Proa To Fro* Ut OMy 0UI 07/N00 U 04/1100 04/KM 04/1*00 I X'SOC X/451 2* 04/TTX 05/0*51 cVOtX 21 X1TX 0I/O* 51 M.'MOC 05 ex :s/isi osxoc < 01/1200 Ol/W* OI/TTOO *nioi 5o55
        1,406 words
      • Article
        GLOBAL HOLIDAYS
        186 45 Aug 10. Singapore: National Day Holiday. South Africa: National Women'! Holiday. Aa|U, Thailand: HM The Queen's Birthday. AnglO. Austria: Assumption Day. Belgium: Assumption Day. France: Assumption Day. Greece: Assumption Day. Italy: Assumption Day. Luxembourg: Assumption Day. Portugal: Assumption Of Our Lady. South Korea: Liberation Day. Spain: Assumption Day.
        186 words
      • Article
        COCKETT BUNKER MARKET REPORT
        621 45 THIS report compiled by Cockett Marin* Oil Lid. •how* price rinjn In US dollan inttead of tingle price* for more comprehentlve description of the market Price* (hown are bated on averaie-tliad •tern Market movement* are Indicated The Cockett Bunker Price Index chant* and the Individual chance*
        621 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        414 45 Carbon ISO Mai Mil 0.9 16.7 0.10 72 047 ±i!l2£ P*n*'ty »*t»r Iwlto At* AImMmi Sa«lw*irt No aboM E25 4 0 10 0 0 0 %Mjt) 380 AM 966.8 02 16.0 0.08 24 0.03 bm 380 Mai 992.8 0.9 194 0.11 tit 028 rl »Mft %M/M
        414 words
    • AIR&LAND TRANSPORT MEWS
      • Article
        Lock icon US, UK set new round of aviation treaty talks for Oct
        628 46 Washington aims for open skies pact as precondition for approval of BAAmerican alliance Bloomberg [LONDON] US and UK officials will meet in London in October in a fresh attempt to reach an air treaty lifting restrictions on flights between
        Bloomberg  -  628 words
      • Article
        Lock icon BMW may build Rolls-Royce plant in UK
        289 46 Reuters [LONDON] German car maker BMW may build a plant in Britain's Midlands region to handle Rolls-Royce car production from 2003, the Sunday Times reported. BMW is believed to have settled on Hams Hall, near Birmingham, to build its plant, which is expected
        Reuters  -  289 words
      • LOGBook
        • Article
          Lock icon Hainan Airlines secures US$150m loan
          62 46 Reuters [SHANGHAI} Hainan Airlines has signed an agreement with the Bank of China and US bank Chase Manhattan for a US$l5O million loan <***** million) to purchase three Boeing 737 aircraft, the China Securities newspaper said. Hie company had also signed a US«100-million contract for
          Reuters  -  62 words
        • Article
          Lock icon BA crews to stop over in Teheran
          67 46 AFP (TEHERAN} British Airways has secured permission from the Iranian authorities for its crews to stay overnight in Teheran in the first such agreement with a foreign airline since the 1979 Islamic revolution, company officials said yesterday. The agreement "will be put into
          AFP  -  67 words
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          Lock icon Finnair, Sabena to code-share
          54 46 Reuters {HELSINKI} Finnish national airline Finnair said yesterday that it had agreed to expand its cooperation with Belgian carrier Sabena by introducing code-sharing and linking frequent-flier schemes. "From the beginning of September, the companies will fly all HelsinkiBrussels and most Stockholm-Brussels flights with code sharing," Finnair
          Reuters  -  54 words
      • Article, Illustration
        Lock icon Launch amid falling sales
        71 46 [TOKYO] Toyota Motor Corp chairman Shoichiro Toyoda (right) and president Hiroshi Okuda introduce their new mid-size passenger vehicle Nadia. Toyota began to sell the car ranging in price from 1.77 million yen (about 5521,063) to 2.6 million yen on Monday. Japan's cumulative domestic vehicle sales in
        REUTERS  -  71 words
      • Article
        Lock icon Australia to build its first high-speed train line
        318 46 Link between Canberra, Sydney to cost As3.sb Reuters [CANBERRA] Australia yesterday announced plans for its first-ever high-speed rail line, saying it would build a A 53.5 billion (553.64 billion) link between the capital Canberra and Sydney. Prime Minister John Howard said yesterday
        Reuters  -  318 words
      • Article
        Lock icon GE engine to power Fairchild Aerospace jet
        231 46 Bloomberg [FAIRFIELD, Connecticut} General Electric Co said its CF34-8D turbofan engine was selected by privately held Fairchild Aerospace Corp to power its 78-seat 728 JET. Terms were not disclosed. GE Aircraft is one of the world's three largest aircraft engine makers. Engine testing
        Bloomberg  -  231 words
      • Article, Illustration
        Lock icon SIA's overall load factor in June down to 68.1%
        277 46  -  By\ Felix Chan [SINGAPORE] Singapore Airlines' (SIA) overall load factor in June fell to 68.1 per cent from 71.7 per cent a year earlier. The airline carried 1.01 million passengers in June, a drop of 1.4 per cent compared to the
        FILE PHOTO  -  277 words
      • Article
        Lock icon KLM's profit up 12%, boosted by sale of unit, lower fuel prices
        265 46 Bloomberg [AMSTELVEEN, Netherlands] KLM Royal Dutch Airlines NV, Europe's fourthlargest airline, said firstquarter profit rose a higher-than-expected 12 per cent, boosted by the sale of a unit and lower fuel prices. Net profit in the three months through
        Bloomberg  -  265 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1602 46 CTTY FLIGHT CT* FU6HT ETC 0r06 18C5_S***** 2359 S0Z30 ww F»I—u som mw swo ons kmttrUm N***** 0755 KL838 2300 tmylli WC C2351 2045 C2352 0835 5024 2320 H v 741 **742 0905 VAl S0T75 1840 S0176 005 m* 7 VN740 M10 Auckland N***** 2050 N*****
        1,602 words
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      Page 29 Advertisements Column 1
      27 29 Royal Brnnei to lead the way It is slated to play a leading role in Brunei's plans to become a regional passenger and cargo hub. Pace 2
      27 words
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      Page 29 Advertisements Column 2
      385 29 US, DE set new round of air talks Washington aims for open skies pact as precondition for approval of BA-American alliance. Back Page V. Access the Southeast mm r>CMQ*ONM Asian market CAMKXIA Workßoat Singapore. SINGAPORE ||ver the course of its twenty year history, the International Workßoat Show w/S/ew Orleans has
      385 words
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      822 30 i BBrrmfiimm 1 I KXPOnT I i ofgnwnowa j MX SUWW wwyrj rn I i S MOD OK lit MOKO Oft vrnn vftT lim I MIMI.MI I 1 1 g™E !£5 w* w —vm~ m 9mm im um I h k IPS Bff 1 Tiffl BiT l MaSSSu Sas sz
      822 words
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      Page 30 Advertisements Column 2
      498 30 rliA/N l-inet 4 i«<vtce« rtor»»»ntea fpp A Sngaport Auoc>aion CONTAINERS'CONVENTIONAL CARGO ACCEPTING ON DIRECT SAHJNO TO MALE ETAPKL ETA SIN ETA MALE I PrlnoeM LUy VO3OB 1006 12/06 l£K» PrlnceM Lfly VO4OB 81/08 02AQ 06K» LILY MA&INE SERVICES SINGAPORE IVmmIMTMUSUMI Faxi SM7M4 9CANCHART AGENCIES SDN BHD HL» (M) Ml»7f Fas
      498 words
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      1026 31 TO EUROPE FROM EUROPE ivßsa voy Isw rtm anr hoi orv sou fit liTllvßsa vorlra anr ham orv sou fit ia aTI NOl AMA2OMTE 017W 04/00 20/00 26/00 24/00 MYCDMMOOORE 313E 11/07 15/07 H/07 13/07 04/0S UUMf S22W 07/01 23/01 25/01 2S/00 W/00 NOtPfARI 00* 22/07 10/07 21/07 14/07 00/00
      1,026 words
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      Page 31 Advertisements Column 2
      2171 31 OHANJIN SHIPPING HANJIN SMPfMG 5) HI ITD I*//M». tap. cm KMK: *****35-237 SALES *****1* 731 DOCUMBIT 37M171 274 OPRATXMS 32*0741 152 MAIM UW *****5S FAI: *****40 OHO: *****03MMN TO NW USA A CANADA! w "wlwETvoy Isul ww 1 no Iw, I w 1 ml w 1 1 in lin rvt
      2,171 words
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      Page 31 Advertisements Column 3
      325 31 f g TBXL ffiL Jl_ JS_ iml !SL J|3_s MWWM t'OS 07/ M 14/ M li/M 11/ M H/M fljjjg -jfc- Jlft BKSSIZ JUL MORBNA lIS M/M 11/ M UN 12/ M 11/W 11/08 20/N 71/W [MTC HOGKQN6 MSS SE "2VS" HYUNDAI SPHNTEI 01 IS ffiSpjffi KMTC ULSAN IIIS 14/
      325 words
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      1335 32 DSR-SENATOR UNES TO UK/CONTINENT TO RED SEAMEPITERRANEAIWCANAD^ VtSStL WY m LEH HTM AIM HAM IWV FU Vtsgj VOY m JH) Off iff H» VIC MTW TRAMETERMTY WOPS P.N »N MM 77M MM MM MIMA WMO3S MM 17 00 9M »M 77 00 MM M« HANMOAKELONA «M» 11M MM MM 3100
      1,335 words
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      Page 32 Advertisements Column 2
      839 32 PENANQ: (04) *****36 BANGKOK* rtMpTyMftflT XINGAN6 PENANG MV "KOTA HARMUNI" V.HNII6S My VANTAGE" V 8048 J ETA S,N: 08/08/98 MV HAIPHONG CANADA MV "MEUNH" V.E3188 MV "HANJIN ELIZABETH" V.033E ETA SIN: 08/08/98 ETA SIN: 09/08/98 HONGKONG DURBAN MV "OOCL SINGAPORE" V.07ED29 MV "FREEDOM CONTAINER" V.FRBO3S ETA SIN: 07/08/98 ETA SIN:
      839 words
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      Page 32 Advertisements Column 3
      415 32 LINE }SSr TILi 28*3496 FAX: •••Sill MUARA LABUAH vtssg vot m> eta vissa vot in in SPOKI MUM SfOtf UN inova vm/w os/ot ot/o* j.«o»m vi*/m os/m w/m Amootr V2N/W m/m u/m «mcum vmvn m/m ii/m iiiom VW/W 13/04 U/M IWW VW/M U/M 17/ M MWtGUMT VJll/94 j;/M M/M *tt6U*T
      415 words
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      1281 33 I VESSEL VOY SIN POU PKO PEW PQB DUB SHJ BA Tl»IK IRAN HESABI PJL 1304 29/07 06/09 07/08 07/08 08/08 IRAN TAKHTI PJL 1300 11/08 18/08 20/08 20/08 21/08 IRAN TEYFOURI PJL 1304 18/08 27/08 28/08 28/08 28/08 ACCEPTING CONTAINER/BREAK-BULK SHIPHEHTS TO INLANO POINTS IN IRAN A CIS COUNTRIES
      1,281 words
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      Page 33 Advertisements Column 2
      1673 33 DIRECT TO ISRAEL 1 IN 13 DAYS I EVERY THURSDAY J I COSTM SNWm»m LTD WIWUO(./ U 4WSM2 JOHOBE OffKt: SSSajg... 4205W1 43 «w«DDfrT(D/0) *****85 COSTAR AGENCIES (M) SDN BHD *****25 TIL: 02-07-35 ***** FAX: 02-^)7-*****70 Si K 1!"° fTo. *2" ™N MW9 u«6fi?n *o*iLs.i*r COAST/** lUanrWß/DIWS 05/01 19/W HAM
      1,673 words
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      Page 33 Advertisements Column 3
      594 33 EASTERN CAR LINER, LTD.'^'^r !JU Ed (SINGAPORE) Hi LTD 1 SPECIALIZE IN ROUP ft HEAVY UfT UPTO 122 TOMS KL (SINGAPORE) PHE LTD LOADING FOR YANGON/HAIDiA colombo/chittagong MV "TERESA PRESTIGE" V.19 MV "KEISHUN" V.78 ETA SIN 07/08/98 £/08/98 ETA SN 09/08/98 ETA COLOMBO U/08/98 EXAHAICHA 16/08/98 ETA CTG 19/08/98 PORT
      594 words
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      Page 34 Advertisements Column 1
      1623 34 EguaisiaiayiiiSiaiffl l>V t 9kv [STSVBHH H^HRiiiHißiißiH^nn^ni^^R^ni las! Oax tf* iti Ctom Uh. rHh» rI mi S— WO3S 07/00 IMW 2ftA» WIAW 22/00 31/00 It/09 04/tt OVM S£~" Sm m! !i« —m tm S5 ?ni fas ms— -H-Jj^=--a-S8 —IS —S£ —g£—^—«LJI— v***** V*r*r Sta Qtw Brnm OMW W/QQ \m iM» I
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      Page 34 Advertisements Column 2
      378 34 /CZI > NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vtssa vdt s« wu I qui I err I »7uT 60U)E> DtASOW *OQ*S 10/ M 20/01 24/ M 2t/M HMSACASIEUA IflOlS lt/M 2S/M 2VOI 03/W mmWtKBS VO73S 23/ M 07/W 11/W mum Qua vows 3i/w w/w ivw i«/w 21/w
      378 words
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      Page 35 Advertisements Column 1
      427 35 i BSA it Wm MYANMA \BBBk FIVE STAR UNE r (My—r Natiaaal Um) Laa<a| for Yaajoa (Raafaaa) vbhi voy sm m r« p«j smwi iiw su MINBN ISOW M/M MALAYSIA AGENTS: DOUSTIAD SMPPM AGfNCKS KUL TU (03)2417)00 MO; TH (03) 17*4111 PUfc TE (04)2*1140? P6U: TE #07) 2512J21/4 BANK LINE
      427 words
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      Page 35 Advertisements Column 2
      1237 35 HYUNDAI MERCHANT MARINE CO., LTD. IVBHL yPTI I WT [HAW I KYI a WT MM UH I rai I mit 1 H*a I un I fB"l NOIAMA2OMII 017W H/M124/M 24/ M 27/ M MYCOMMOOOM 31X 13/07 U/07 IS/07 i*/07 ~T~ o*sai LA LOW 522W 17/ M M/M 20/ M 23/N
      1,237 words
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      Page 35 Advertisements Column 3
      990 35 norvmgian %m.kdimd aOkxamtn t/Mzg"""" QmsKS TO NORTH AND LATIN AMERICA HEAVYIIfT SOVKE* |VPSB VOY lA«f ND6NT |UN| UU CXI MIA SAV OAL otf NYC |iW| MN W»U liii WttT™i3E--rt7Bril7srTi7ss--ss7sry7orii7srs77sr"H7eris7Tris7nr «17 4001W um 14/00 12/09 01/10 04/10 00/10 01/10 09/10 10/10 IS/10 17/10 nu loooii km 10/091 10/10 |io/io 21/10 [24/10
      990 words
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      Page 36 Advertisements Column 1
      723 36 T tnuT(«»»M mtiianil Jakarta/fan4 anq yilwl/pWBW vtsaa. vov I sin I bkk 1 mtp I lch vessel vov sin jkt pjn MNO OCEAN OCNIQI In Pt 08/06 THANA BHUM 2968 In Pt 08/06 HAWTA BHUM" 406N In Pt 06/06 o*o6 OURU BHUM MS |nPt jg XETHA BHUM 244N 06/06 08/08
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      Page 36 Advertisements Column 2
      467 36 BINTANG MAS SHIPPING PTE. LTD. 30 NEIL ROAD, SINGAPORE TEL: *****06 FAX; *****64 MmJ TLX; R*****5 SINMER Cfl No: **********0W R»c«Mng Cargo PTI I Blntulu I Muara msa mm sm *5® fi! i syt IStrii mix 07-08/08 13/08 MM WIS *MK/0I 11/Ofl IWw W8I« 10-21/01 14/01 IM VNI3E 1213/01 1108
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      Page 36 Advertisements Column 3
      555 36 rs ACCORD A SHIPPING PTE LTD TR.: *****15 (40 Unee) FAX i 5A***** POTT CLANG fit) Jt7 INI iv W DMttCT ACCESS 1H*****555 (IXPOST OOOKMO) HSmUKMK (WiSl Jl/7 *****34 (EXPORT DOC), *****39 (IMPOST) POUM (04)*****$ JMOn W)t«s77s EOtT nA SIM PORT ITA SIN PORT IT* ttN PORT TO SHI (FAR
      555 words
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      Page 37 Advertisements Column 1
      390 37 INDONESIA NATIONAL LINE TO EUROPE "1 m vot tflmr ao«m/w dam houhb obemem antohm »VESSEL 20/10 25/10 OMIT 08/11 TO AUSTRALIA 1 FULL CONTAINER 9BPMCE V& VOT fffßH Wt OK IYO XI HM AOL FWE mua>i in lomoomol iwnw mm aw POO NBMIfIYD OMOOAHE ioj|m)o 1&«|?iw 2MO »I*o IBM OMO
      390 words
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      Page 37 Advertisements Column 2
      676 37 I f PACIFIC INTERNATIONAL UNES (PTE) LTD I SSSSSSSSJrnttK 140 Cec Street 03^)0 P,L Building, Singapore *****0. CR NO: **********01 fvnsir vor SW> ail I IKOTAPERTAMAPTMOU 14/8-- ffji $L_ dbbbbo m m n/t M "<! r» I IOOaACOAIM 01? 7/Irm I 20/822/8: Kr-T Vz mm ti/i 11 in I m
      676 words
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      Page 37 Advertisements Column 3
      701 37 MN JED MLA LEH HAM THP HTM ZEE V27W QM» 13*06 19*38 24AM 2M» 27A8 28/06 20*08 Pf T27W 101,06 ia*» 24/oe ijgg 31/06 02A» 02/09 om» TAURUS A27W 17/06 20/08 31/06 06/08 07/08 06/06 00*08 10*18 VM£ DAOUARWJS UZ7W 02/00 08/09 14/00 15/08 17/08 17/08 WOB SCANOtNAVIAN (AAHHLW. CCKtWHAQEK
      701 words
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      Page 39 Advertisements Column 1
      57 39 Dial 740-6000 onaemandl —(Retrieve more schedules!) Press-r Select the port and key in 5 the four digit code —eg: To New York (NYC) 2275 s j£> Key in your fax number I your phone number Anothy innovative service offered by C document Will be Shipping Ttmfs sti# faxed to you*
      57 words
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      Page 41 Advertisements Column 1
      50 41 STEM* Dial 740-6000 on aemana MmJ (Retrieve more schedules!) Press "1" I Select the port and key in the four digit code eg: To New York (NYQ 2275 s j£) Key in your fax number I your phone number Another Innovative service offered by The document Will be Shipping times
      50 words
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      Page 42 Advertisements Column 1
      1025 42 SAMUDERA SHIPPING LINE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 **■1 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. **********00 BOOKINGS CALL DIRECT LIME; *****41/43 JESSICA/CELIA/MEI CHAN 7 SLGS/WEEK [2BE2EEB 2 SLG/WEEK |VESSEL |~VOY [~~SN TJAK [VESSEL VOY Sm PIB PANCAFtAN SI MAR 1116 IN
      1,025 words
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      Page 42 Advertisements Column 2
      588 42 IIM EN6 LEE SHIPPING CO PTE l» I I \K2SSCa. Tefc S33M7S llm) ho S)NUt/SIU«M I VKSa VOY SIN ETA SIN ETC DESTINATION Sinar Central 10/98 10/07 11/07 Perwwng/Buoion/P Bau I NMJoyo 10/98 03/08 05/08 Oura/IWfl H *ora>Polo24 08/98 05/08 06/08 Surabaya Bum m 11/98 05/08 06/08 BuaWn/FWa/P Bou «taioPolD«
      588 words
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      Page 42 Advertisements Column 3
      443 42 SIN FAR EAST 10/08 KEELUNG/KAOHSIUNG 10/08 BANGKOK 10/08 MANILA/CEBU 10/08 JAKARTA/BELAWAN/SURABAYA 10/08 PORT KELANG/PENANG/E. MALAYSIA 11/08 BUSAN 10/08 TOKYO/YOKO/KOBE/NGO/OSA 10/08 HONG KONG SIM CHUM 10/08 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU OALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIN EUROPE/UK 10/08 LDN/FLX/LVP/SOU ROM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES m USA/CANADA 10/08 LOS ANGELES/NEW YORK all IPI points
      443 words
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      Page 42 Advertisements Column 4
      414 42 CCC* Singapore Soviet Skipping CPI a lb ItttOMOOON k\\l Mytftne Shipping PL S«fcai*yj Q I* **********0 C VESSEL VOY SIN BOM PNG PKL KOTA RUKUN RKNOO9 08/08 1&I06 27/06 28/06 KOTA RATVJ RTUOI7 14/06 21/06 02/09 00/09 BUXMOON 116N 20/06 28/08 09AM 10/06 [VESSEL VOY SM CALCUTTA UN NEVELSK 24SV
      414 words
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      Page 43 Advertisements Column 1
      892 43 i ASU MEDITERRANEAN EXPRESS AME) WESTBOUND SERVICE VESSEL VOY I SIN I CM> 1 PHI IIA SPESA I VIC I lEH I FXT ANT MSC KERRY 9830-3 OA AUG 20 AUG 23 AUG 25 AUG 29 AUG 30 AUG 31 AUG I MSC ROSSELLA 9831-3 09 AUG 23 AUG 26
      892 words
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      Page 43 Advertisements Column 2
      1675 43 I VKSa/VOT*g~ SPOtf vil 7r»T jpp jjj jPj[ 22?£SE!5£ 40m3 —ELM 55» 25M wamm ct btw I hmi |ta |?tw| wi mm awnffl I 22JS 1H! w 31JM 01.09 05.09 <WAM 12J7 IXI7 lU7 lU7 OH MM lIjH ISM IXM i htx smrius m»*m km osm o/m mm 12m trismus
      1,675 words
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      Page 44 Advertisements Column 1
      740 44 I VESSEL VOY SIN MAA SIN TIGER BRIDGE 641N 09-10/08 15-ISYOB 24-2&W TIGER WAVE 639N 09-10/08 15-iaoB 22 23m TIGER BAY 642N 12-13/08 21-22/08 27-28/08 TIGER ISLAND 643N 15-16/08 21-25/08 30-31/08 TIGER WAVE 644N 22-23/08 28-31/08 06-06/09 TIGER BRIDGE 645N 24-25/08 30-03AJ9 08-09/09 IVESSE^^^^VO^^Sl^^CA^^Sl!^! XPRESS SPORE 264 06-07/08 13-1&08 24-25/08
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      Page 44 Advertisements Column 2
      758 44 FREIGHT LINKS EXPRESS Tel: *****66 (60 Unas) Fax: *****33 E-mail: flesin@singnet.com.s9 CONSOLIDATION SERVICE TO THE FOLLOWING PORTS* CALLAO (CIA)/ CEBU (CM)/ COLON, PANAMA (ONX)/ MEXKOCTVY (MIX) ETOSIN ETA CIA ETA CIS ETA ONX ET AMIJ( PACIFIC EAOtE V 073 12/08 21/08 KATE MAERSK V 9809 13/08 LA UNDA V3IOBE 16/08
      758 words
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      Page 44 Advertisements Column 3
      1147 44 OOCL (Singopore) Pte Ltd CFS Keppel Distrpk 79 Ansoaßod #21-04 (S) *****4 Ilk 513 #01-128 cb i( CI NO **********0N W: 272 7127 For bookmg fwX W: *****13 Fax 221 3942 F«. 272 7825 -7fi\ T i %o%sfhomm OOCL (Malaysia) Sdn. Bhd. 4 "W' S, I PfTAIING JAYA U 03-756
      1,147 words
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  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      118 45 LEGEND: R Thund#f»torm »q X\ V Show«f W.afher V Wmd tV.cf.on with speed m knots Root V s > Cloudy Sky Wove height wmds or* indicate by arrow, which Hy with the wmd On. hH circle represents cokn or Ugh, and vonobie wmds W On. hoft Heche represents 5 knots
      118 words
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