The Business Times, 4 May 1999

Microfilm: NL21496
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    11 1 IheBusinessTimes MITA (P)o4^^a_. 85e SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, MAY 4, 1999
    11 words
  • Article
    MARKET SUMMARY
    47 1 DmU4 (+12.05) CHmjfi+o.tt) gfgmrm* STOOL MAJLKET DtDICES KLSECOMP 5SS_^35 NIKKEI Cted HANG SENG 1WJ7.07 >187 SET INDEX Cland JAKARTA OOMP __UD6 ♦»114 MANILA OOMP —*****4 +11M TAIPEI WPT 7ja2C +U.M SEOUL OOMP 7SUS +M4 CL8A CHINA B Ooaed ABSTALLORD—M74J« MM IfB EST Chap DOW 1#3K71_+10M7
    47 words
  • Article
    FINANCE
    71 1 FOBEX BATES us* st UBS L7M £(USS/8$ per 1.611 2.743 ins im Ml L8M MB TEN 1117 L423* Mf tm 0.448 Bf 7.711 1224 BAST 37.94 IM BJFUH 7J7I 0.921 •stum*** PMME1ATES SN8ATORE* im KUALA LUMPUR UJO JAKARTA 28.00 BANGKOK 1171 MANILA OJt HONG MUG 1016 UIIPH &M SYDNEY
    71 words
  • Article
    Jardine Fleming to make 2nd Clob offer?
    630 1  -  Drill: No decision yet on Akbar scheme, govt studying several proposals From Eddie Toh in Kuala Lumpur HONGKONG investment house Jardine Fleming has emerged as a potential challenger to front-runner Akbar Khan in the race to buy over the frozen Malaysian Clob shares,
    630 words
  • Article
    SES still studying Akbar offer, is seeking legal advice
    276 1  -  Parliament to discuss issue tomorrow By' Ven Sreenivasan [SINGAPORE] The Stock Exchange of Singapore said yesterday it was still studying Effective Capital Sdn Bhd's offer for Malaysian Clob shares and was seeking legal advice on the matter. It added that it
    276 words
  • Article, Illustration
    Lock icon Firms in S'pore show signs of pickup in business in Q1
    560 1  -  Small firms still lag bigger ones in terms of performance By, Audrey Tan [SINGAPORE] Businesses in Singapore performed better in the first quarter of this year than at any time since the Asian crisis erupted in mid-1997, a quarterly
    Source: CBRO  -  560 words
  • Article
    Lock icon Dow up 106 at 1pm EDT
    65 1 Bloomberg [NEW YORK] US stocks rose' yesterday morning as a trade group's report on manufacturing suggested the economy would continue expanding. By Ipm EDT the Dow Jones Industrial Average was up 105.67 points at 10,894.71 following an 89-point fall on Friday. The Nasdaq Composite
    Bloomberg  -  65 words
  • Article
    Akbar's gambit
    606 1 EDITORIAL SES must ensure that KLSE abide by agreement THERE is only one way to make sense of the Akbar Khan offer to buy up the entire holdings of Malaysian Clob shares: it is only an opening gambit. No serious investor will take seriously an arbitrary offer to
    606 words
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      146 1 IMMDU Yea, bpLufi km Keppel Land last night confirmed that it was considering a bid for a stake in ANA Hotel Rumours of a bid soit Kepland and ANA share prices higher yesterday, **17 I L a Aflui Kg fpte Allan Ng Poh Meng is quitting as chairman of HK-listed
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      315 1 Daim on Clob J^Hji Questions Pg More reports on Analysis of offer prices, Pg 3 faxes e-mail, Pg 2 Introducing the @8) A Heres how it works Just si*) the new. utrahght, pentium*|| I superttwithnkpads7D rto an ultrabase and it transforms into a flexible mulhmecka desktop J A desktop that's
      315 words
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  • FOCUS ON CLOB
    • Article, Illustration
      Lock icon A fair Clob solution will send KLSE soaring
      817 2  -  A Malaysian Investor, Lai Su Ping, shares her views, via the Internet, on how the Clob issue can be resolved Lai Su Ping I AM an investor in the KLSE and hence I have great concern over how the Clob issue will
      FILE PHOTO  -  817 words
    • Article
      What readers say
      1281 2 "I think the best course of action is to ignore the Clob offer. It's illogical, nonsensical and smacks of typical Malaysian-style cronyism. It's not even worth getting agitated over. Clob investors should treat this as a lesson in investment—that they should never again invest in a Mickey
      1,281 words
    • Article
      Four suggested options
      518 2 LET me offer four options for the consideration of Kuala Lumpur authorities: Option 1: The Malaysian government should buy up all the Clob shares at prevailing market prices or a price determined by a 5-day average. If a private investment company is preferable, it should be made
      518 words
    • Article
      Won't SES stand up for S'poreans?
      243 2  -  Denis Distant via Internet I REFER to the letter "CDP, as share owners, should demand its rights" from John Mak (BT, May 3) and agree with his basic point that the CDP cannot afford to be pushed around. No investor anywhere in the world
      243 words
    • Article
      Release shares, let investors make their own decisions
      586 2  -  Raman Venkatraman via Internet I AM not a Singaporean. I worked in Singapore and bought shares in Clob. I left Singapore seven years ago. I have been buying Malaysian shares on Clob for the last seven years. I invested $180,000 over time
      586 words
    • Article
      Akbar offer much lower than KLSE closing prices of Sept 15
      479 3  -  Compared to Clob prices, the offer works out to less than 10% premium for a third of stocks Ven Sreenivasan [SINGAPORE] The Akbar Khan offer for Malaysian Clob shares may be at a premium to their last traded prices
      479 words
    • Article
      The eight firms that Akbar Khan excluded
      552 3  -  They're all in trouble, with debts being restructured By I Siow Li Sen [SINGAPORE] The eight companies not included in what is dubbed "the Khan offer" are all in trouble, up to their eyeballs in debt. Last Friday, Singapore businessman Akbar Khan and
      552 words
    • Article, Illustration
      Lock icon Malaysia still open to Clob solution: Daim
      248 3  -  From Eddie Toh in Kuala Lumpur FIRST Finance Minister Daim Zainuddin spoke with journalists on the Clob issue after his meeting with district officers in Bangi yesterday. The following is a transcript of the question and answer session: Qs How long is Akbar
      FILE PHOTO  -  248 words
    • Article
      Clob counters
      1292 3 CLUING AT CLOSING AT OFF® CLOSING AT DISCOUNT SEPT 15,1998 SEPT 15.1998 PfflCE MAY 3.1999 i INKLSE INCL08 j J KLSE I (»M) tss) i (rm) m m 1 A» SB 1.25 0.24 0.53 0.65 1.65 -60.6 A,com 0.72 0.21 0.46 0.51 1.30 -60.8 3 Amsteel 0.42 0.08
      1,292 words
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      140 words
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      12 3 HOCK Takes you I 2T ri__ behind the news LOCK SIEW TiießusinessTimes
      12 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Growth 'hinges critically' on external developments: MAS
      470 4  -  Some industries will remain weak this year; inflation expected to be flat By< Anna Teo WHILE the official economic growth forecast has been revised to 0-2 per cent, the actual outcome "hinges critically" on external developments, says the Monetary Authority of Singapore (MAS)
      470 words
    • Article
      Q1 data encouraging but recovery is 'uneven'
      430 4  -  Economists say manufacturing may have compensated for other sectors By, Audrey Tan THE economic recession may be over as first-quarter economic growth hit 1.2 per cent, but several major sectors may still be contracting, economists said yesterday. While most economists contacted by BT
      430 words
    • Article
      BankAmerica's Asia retail assets to go to ABN Amro?
      422 4  -  Sources say Dntch bank made a bid of well over USsl.sb By i Conrad Raj THE Netherlands ABN Amro Bank appears to have won the billion-dollar bid for BankAmerica's retail assets in Singapore, India and Taiwan following the latter's decision to
      422 words
    • Article
      Fewer firms expect to cut back investments: poll
      336 4 BETTER business sentiment may lift business spending this year, as fewer firms expect to cut back on their investment plans, the BT-CBRD (Business Times-Centre for Business Research and Development) survey found. The latest quarterly survey found that the number of firms expecting
      336 words
    • Article, Illustration
      Lock icon Estee Lauder launching Origins
      412 4  -  By I Carol Eng ESTEE Lauder is introducing its eighth cosmetics label to Singapore, in the belief that Singaporeans can be wooed to spend more at home than overseas. This month, Origins an American natural cosmetics range will debut at Isetan Scotts with a 1,600 sq
      ARTHUR LEE  -  412 words
    • Article, Illustration
      Lock icon Wholesale prices down 2.3%
      312 4  -  E7E ON THE ECONOMY Prices By] Marissa Chew WHOLESALE prices continued their long slide, with the domestic supply price index showing a 2.3 per cent year-on-year decline for March. But compared to February, the index recorded a marginal increase. ine aomesuc supply price index was 81.6
      Source: Dept of Statistics  -  312 words
    • Article, Illustration
      Lock icon Key three-month interbank rate drops below 1% before recovering
      346 4  -  Falling rate seen adding more fuel to boosing loan war By I Siow Li Sen THE key three-month interbank interest rate slipped below one per cent briefly yesterday and looks like it may be heading towards a fouryear low, giving further
      Source: Reuters  -  346 words
    • Article
      S'pore wins 17 Chinese ad awards
      196 4 SINGAPORE-based advertising agencies won 17 gold, silver and bronze medals at the inaugural Long Xi Creative Awards for Chinese press, radio and TV advertisements. In all, the competition drew 1,200 entries from China, Hongkong, Malaysia, Singapore, Taiwan, the US and Canada, and 117 entries
      196 words
    • Article
      S'pore's techno fund is a laudable govt initiative
      531 4  -  MAXLBAG R Long An Asian Australian VC promoter in Canada via Internet Singapore THERE has been much debate regarding the establishment of the US$l billion (Ssl.7 billion) Technopreneurship Investment Fund by the Singapore government. There were a lot of fears of "failure",
      531 words
    • Article, Illustration
      HDB offering $500m seven-year unrated bonds
      444 5  -  Issue is made up of $490 m institutional and $10m retail tranches Reports by' Wong Wei Kong THE Housing and Development Board yesterday offered $500 million worth of sevenyear unrated bonds, the largest so far outside the Singapore government bond market and the statutory
      444 words
    • Article
      Coming: a S$ bond with longer maturity
      516 5 THE first supranational or corporate Singapore dollar bond issue with a maturity beyond the current benchmark of 10 years could take place by the middle of this year, according to Citibank which was responsible for bringing several major issues to the market over
      516 words
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      151 5 The Race To Business Success Is On And D&B Can Put You In The Lead! Reach Your Business Goals Faster With New Products And Services From D&B! 0 GO! A broader range of Instant internet access Expanded coverage of Break out of the pack business information solutions every registered company
      151 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Redas caught in a catch-22
      722 6  -  THE PROPERTY COLUMN Can It convince govt housing oversupply's still a problem, without deterring buyers? By Lee Han Shih IF the housing market is truly on a recovery path, why is the Real Estate Developers Association of Singapore (Redas) trying so hard to influence the
      722 words
    • Article
      Worst over for residential investment market
      467 6  -  Lower rates will boost buying interest: consultant By\ Elaine Koh THE worst is over for the investment market in residential property, said CB Richard Ellis executive director of investment sales Jeremy Lake. The current war among local banks to offer the most competitive mortgage
      467 words
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      458 6 1000 EAST COAST PARKWAY FOR SALE Address: 1000 East Coast Parkway Total Land Area: 21,561.1 sqm or 232,084 sqft (approx.) Major Tenants: McDonalds, Regent Bowl, E-Zone Entertainment Centre, Hongkong Aberdeen Seafood Restaurant Gross Income: Est $2.85 m p.a (fully leased)/(high yield) Vacancy: 1,282 sqm/13,800 sq ft (single floor) Carparking: Ample
      458 words
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      183 6 PRIME GRADE A COMMERCIAL OFFICE FOR SALE Directly linked to MRT Top quality finishes Limited units available Contact Senior Manager (Investments), Soon Yean *****457 1 AMARA CORPORATE TOWER I Brand New 12-Storey Office Tower at 100 Tnu Street 1 I Floor Area from 900 *q ft onward*. Approx. total lettable
      183 words
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      170 6 For Lease 90 Cecil Street 5-minute walk to Raffles Place MRT Station Newly refurbished building Typical office floors of 2,350 to 2,500 sq ft, subdivided units from 300 sf Immediate Carparking available I CHESTERTON INVESTMENTS roßsmßYramEi FACTORY AT KIAN TECK OR Close to PIE AYE in Jurong 2 blocks of
      170 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon No government bailout for PAL: Estrada
      508 7 MANILA SEC chairman warns of liquidation if rehabilitation conditions breached Reuters, AFP PHILIPPINE President Joseph Estrada yesterday reiterated that the government would not use its resources to bail out financially ailing Philippine Airlines Inc (PAL), while corporate regulators warned of possible liquidation if the
      Reuters,; AFP  -  508 words
    • Article, Illustration
      Lock icon Suharto probe to be completed before Oct
      365 7 JAKARTA Questioning of witnesses to be wrapped by Jane 7 AFP INVESTIGATORS will finish quizzing former Indonesian president Suharto and witnesses about charges he unlawfully amassed a fortune during his 32-year rule by the June 7 elections, Attorney General Andy Ghalib said yesterday.
      AFP; REUTERS  -  365 words
    • Article
      Lock icon Armed forces chief Wiranto says no to an Indon federation
      237 7 JAKARTA Idea of federalism could break up nation, he says Reuters {JAKARTA] Armed forces commander General Wiranto has rejected the concept of an Indonesian federation, saying it could break the nation up, local media reported yesterday. "That is not possible
      Reuters  -  237 words
    • Article
      Lock icon Security forces said to have killed 17 in Aceh
      196 7 JAKARTA Reuters INDONESIAN security forces shot and killed at least 17 people in the restive province of Aceh yesterday as thousands of unarmed demonstrators protested against violence by the military, witnesses and hospital sources said. More than 100 people were wounded
      Reuters  -  196 words
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      44 7 Internet Capabilities on Digital Copiers The latest Imaging Solution from Canon For more details, Call Canon today at 1800 272 4009 M Canon Marketing Services Pte Ltd 2 Alexandra Road #04-01 A Delta House Singapore *****9 Tel: 273 5311 Fax: 273 3317 Website: www.canon.com.sf
      44 words
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  • ASIA ON THE MEND
    • Article, Illustration
      Lock icon Moody's upgrades Thailand's sovereign credit rating outlook
      525 8 It cites improved forex reserves; this may lead to a rating upgrade by one level Bloomberg [BANGKOK] Thailand's Bal sovereign credit rating outlook was upgraded to "positive" from "stable" by Moody's Investors Service, indicating the government's efforts to end the financial crisis and
      Bloomberg; FILE PHOTO  -  525 words
    • Article
      Risks remain and can slow recovery: IMF
      536 8  -  Fischer cites 3 things that may hamper progress By Vikram Khanna [SINGAPORE] Asia's crisishit economies are recovering,, but there remain downside risks that could slow the process, says IMF first deputy managing director Stanley Fischer. Speaking to journalists in Hongkong and Singapore by
      536 words
    • Article, Illustration
      Lock icon Korean growth tops 4% on better factory output
      486 8 Stronger Q1 growth raises fears chaebol will pat off revamp Bloomberg [SEOUL] The South Korean economy grew by more than 4 per cent in the first quarter, as surging factory output caused the central bank to revise its growth forecast made just
      Bloomberg; Source: Bloomberg  -  486 words
    • Article
      Lock icon Thai inflation drops to its lowest level of 0.4% in April
      327 8 VAT cat by govt and fall in consumer spending cited Reuters [BANGKOK] Thai inflation fell to its lowest level in memory in April, analysts said yesterday, aided by a three percentage point cut in value added tax (VAT) by
      Reuters  -  327 words
    • Article, Illustration
      Lock icon IMF review this week to focus on Indon state bank NPLs
      259 9 AFP [JAKARTA] Talks between the International Monetary Fund and the Indonesian government this week will focus on a huge portfolio of nonperforming loans (NPLs) held by state banks and on interest rates, the IMF's Asian chief said here yesterday.
      AFP  -  259 words
    • Article
      Lock icon Viet premier calls for improving business climate
      173 9 Reuters [HANOI] Vietnam Prime Minister Phan Van Khai has issued a decree exhorting all government agencies to make life easier for companies struggling with the country's tough business environment, a newspaper reported. The official Sai Gon Giai Phong (Saigon Liberation) daily, in a
      Reuters  -  173 words
    • Article
      Lock icon Q1 GDP figure shows Indon economy has hit the floor
      586 9 Stocks soar 5.7% but analysts, govt warn that any form of recovery is far off Reuters, AFP, Bloomberg [JAKARTA] Indonesia's economy has finally hit the floor after months in free-fall, data showed yesterday, but analysts said GDP was still set
      Reuters,; AFP,; Bloomberg  -  586 words
    • Article
      KL cuts 3-month intervention rates by 50 bps
      494 9  -  Sate now 6%; analysts expect further redactions From, Diana Oon Abdullah in Kuala Lumpur MALAYSIA yesterday cut its three-month intervention rates by a further 50 basis points to 6 per cent, the second cut in the space of a month, in a
      494 words
    • Article, Illustration
      Lock icon HK banks' NPL will rise in H1: HKMA
      464 9 Provisions to depend on fnnding woes at China-linked firms Reuters, AFP [HONGKONG] The Hong Kong Monetary Authority (HKMA) yesterday said nonperforming loans in Hongkong would continue to rise in the first half of 1999, compelling banks to make bad debt charges. "Non-performing
      Reuters,; AFP; FILE PHOTO  -  464 words
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      91 8 10 video BMii* i j "T iiy r -ffittk.' 5 way electronic seat adjustment «ic<° ->>V Y 65./ cm '55cm Study these 'mpressive figures and you'll see that it's worth investing in our new Business Class on your next trip. Our exclusive Dreamtime i nuous-run video channels. Or sit up
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      52 9 -<#S? 9 jEßf* 9 k 65.7 cm •55cm 9 nuous-run video channels. Or sit up for a fresh menu specially created by renowned Australian mm m oy our !0 f Neil Perr y W!th a choice of Wines. Then recline to ponder business figures of your own. v THE SPIRIT
      52 words
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Lock icon Minister offered to quit over Zhu's offers: report
      563 10 CHINA'S WTO ENTRY He is said to be upset the concessions were given by the premier without telling him AFP, Reuters [HONGKONG] A senior Chinese official offered his resignation last month to protest wide-ranging market concessions made by Premier Zhu Rongji to
      AFP,; Reuters  -  563 words
    • Article
      Lock icon Legal practice to be opened up after WTO entry, says daily
      224 10 BEIJING Limit on foreign law offices to 15 cities to go&fter&year Reuters CHINA'S entry into the World Trade Organisation may pry open the country's tightly controlled law market, the China Daily reported yesterday. It quoted justice ministry officials as
      Reuters  -  224 words
    • Article
      Lock icon Taiwan officials for US to seek WTO entry support
      113 10 TAIPEI AFP TAIWAN'S top economic officials yesterday left for Washington to seek US support for the island's accession to the World Trade Organisation (WTO) by the year-end. Economic Minister Wang Chih-kang and Vice-Econom-ic Minister Lin Yi-fu will meet US Trade Representative
      AFP  -  113 words
    • Article, Illustration
      Lock icon Remembering China 80 years ago
      63 10 [BEIJING] Migrant workers walking over a bridge in front of the giant portrait of the late chairman Mao Zedong hanging on the Tiananmen Square's rostrum in Beijing. As China marks the anniversary af the 1919 May Fourth Movement, which introduced ideas of Western democracy and
      AFP  -  63 words
    • Article
      Lock icon Anson Chan in Beijing for talks with top leaders
      223 10 ■HONGKONG AFP HONGKONG'S top civil servant Anson Chan will pay a visit to Beijing starting today for talks with senior leaders on subjects of "mutual concern", a government spokesman said yesterday. No details were given. But press reports said Ms Chan,
      AFP  -  223 words
    • Article
      Lock icon More to come in China nuke case: senator
      229 10 WASHINGTON China got a lot more than believed, says committee chairman Reuters THE United States should brace for more "revelations" on the China nuclear scandal, a senior US lawmaker said on Sunday. "The damage was bad, a lot worse than people ever
      Reuters  -  229 words
    • SINO Briefs
      • Article
        Lock icon Fermoss looking for waste disposal site
        82 10 AFP [TAIPEI] Taiwan petrochemical giant Formosa Plastics Corp is seeking another site overseas to handle its mercury-contaminated waste after being forced to ship it out of Cambodia, a company official said yesterday. A freighter carrying the 2,700 tonnes of waste from Cambodia docked at
        AFP  -  82 words
      • Article
        Lock icon 2 held for causing run on Shanghai bank
        102 10 AFP [SHANGHAI] Chinese authorities have arrested two men who allegedly spread false rumours on the Internet and sparked a massive run on the Bank of Communications, the official Baokan Wenzhai reported yesterday. The two men. Wen Baocheng and Lu Peng, both employees
        AFP  -  102 words
      • Article
        Lock icon Guangxi prisoners paid far freedom
        58 10 AFP [SHANGHAI] Prosecutors have uncovered a corruption ring in southern China's Guangxi province in which prisoners for years bought their freedom with bribes, a newspaper reported yesterday. Investigations turned up evidence against 46 officials at Luocheng prison and six judges in the Hechi district's intermediate
        AFP  -  58 words
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      1398 10 I ST Capital Limited I H (Incorporated in the Republic of Singapore) B I NOTICE OF ANNUAL GENERAL MEETING I H NOTICE IS HEREBY GIVEN THAT the 18th Annual General Meeting of ST Capital Limited (the "Company") will be held I H at the Singapore Room, Level sof Hilton Singapore,
      1,398 words
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  • ASIA
    • Article
      Lock icon LG wants govt to scrap limits on owning telco
      288 11 SEOUL Bloomberg LG Group, South Korea's fourth-biggest business group, asked the government to lift restrictions that block it from buying Dacom Corp, a purchase that would make it the country's leading private telecommunications company. LG, which can only own 5 per
      Bloomberg  -  288 words
    • ASIA Notes
      • Article
        Lock icon 3 chaebol to merge rolling stock units
        78 11 Bloomberg [SEOUL] The Hyundai, Daewoo and Hanjin groups, three of South Korea'B top 10 conglomerates, said they agreed to marge their rolling stock businesses, creating a new 7 company with assets ofB3o billion won (S$L2 billion). The pact, to take effect on July
        Bloomberg  -  78 words
      • Article, Illustration
        Lock icon Making a trade presence on the Net
        45 11 AFP (COLOMBO] Sri Lanka President Chandrika Kumaratunga speaking into a computer microphone here yesterday as she launched a state-run e-commerce site on the Internet. The Web site seeks to provide information on Sri Lanka to potential investors. —AFP
        AFP  -  45 words
      • Article
        Lock icon Debate on Japan constitution heats up
        63 11 AFP [TORYO] Debate heated up yesterday over the need to revise Japan's port-war pacifist constitution as the country marked the 52nd anniversary of the charter. Groups for and against revision were to hold rallies across the country, focusing on Japan's military presence in the
        AFP  -  63 words
      • Article
        Lock icon Vajpayee wages battle for early polls
        86 11 AFP [NEW DELHI] India's outgoing Hindu nationalist-led government was waging a lonely battle yesterday for early polls as the election watchdog listened to various parties to try and agree on dates. Six national and 40 regional parties met Chief Election Commissioner MS Gill, who
        AFP  -  86 words
    • Article, Illustration
      Lock icon Aussie dollar hits 13-month high
      550 11 SYDNEY Gain helped by report of smaller trade deficit, better commodities outlook Bloomberg THE Australian dollar rose to its highest level in more than a year after a report showed Australia's trade deficit narrowed. Optimism that demand for commodities, Australia's biggest exports, will increase as
      Bloomberg; Source: Bloomberg  -  550 words
    • Article
      Lock icon 70% of Japan's firms need 2 yrs to improve
      226 11 TOKYO Survey shows debt problems hurting firms, say analysts Bernama NEARLY 70 per cent of major Japanese companies surveyed said they need at least two years to improve their balance sheets, according to a recent survey released by the Economic Planning
      Bernama  -  226 words
    • Article
      Lock icon Korea First takeover talks extended
      642 12 SEOUL Govt hopes to clinch deal by May 12 with Newbridge though the US fond loses exclusive right Reuters SOUTH Korea yesterday extended by 10 days its talks with a US equity ftmd to take over a controlling stake in Korea First Bank but said
      Reuters  -  642 words
    • Article
      Lock icon India's exports rise 10% in March on demand from Asia
      260 12 NEW DELHI Bloomberg INDIA'S exports rose for the fifth month in March, gaining 10 per cent from the same month a year ago, boosted by demand from Asia. The export total of U553,395 billion (555.77 billion) in March was an
      Bloomberg  -  260 words
    • Article, Illustration
      Lock icon Containing Calcutta's water woes
      51 12 [CALCUTTA] A girl waiting to collect drinking water in containers in the eastern Indian city of Calcutta. Temperature in the city ranges from 36 to 38 degree Celsius and in many parts of the city, especially the slums, about 400 people share a single water tap
      REUTERS  -  51 words
    • Article
      Lock icon S Korea's forex reserves hit US$56b in April
      299 12 SEOUL The reserves climbed USsl.9b in April from March Bloomberg SOUTH Korea's foreign currency reserves rose to a record U5556.4 billion (5595.9 billion) in April, as overseas investors bought Korean shares and assets. The reserves, which don't count the central bank's deposits
      Bloomberg  -  299 words
    • Article
      Lock icon S&P sees improvement in NZ economy
      159 12 WELLINGTON Bloomberg NEW ZEALAND'S economy is beginning to show signs of recovery and the government should be able to pay off some of its debt this year, Standard Poor's Corp says. While stopping short of saying it's no longer considering cutting New Zealand's AA+
      Bloomberg  -  159 words
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      18 11 •Tung Centre •Parkway Parade •A-Z Building For details, please contact owner Tel: 437 6853 437 6872 534 3132
      18 words
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      411 11 i V SONY. Vi* i v t. V v. 'i\ v v i m ri s u \T ll *s^2£>\ Jb' > 'rl* H m I *w*» .^B^H J L|p HI *7 Introducing Sony's DigitalB Handycam. B When Sony launched the first Since DigitalB The secret lies in the head.
      411 words
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      177 12 I fl :i Wfe .C^^'*3^^M3BBiißißiiMßlHHH^BSKlW^Bl^B^B^^^^^Bl^^BM^H /T^ntBISI^^^KIWK. f^B^H^^R^^^^BHsflaKHinß jBHp. 'M v .^Eh@^nlV BIG WALK' 99 /ffl^^| ifflilHlHH Step out wi tk gour colleagues at Singapore s Biggest Event an Win! Deffert ocStion'fnfart^' r oot U t^»tKr, U IK° lle tH UeS at i™! Pape B 9 alk tt s the participants.
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  • THE WORLD
    • Article
      Lock icon US manufacturing growth eases in April
      497 13 WASHINGTON News of smaller rise in orders and output reverses Bow's weak opening Bloomberg, AFX THE rebound in US manufacturing cooled last month as orders and production registered smaller gains than a month earlier, according to a National Association of Purchasing Management (NAPM) survey
      Bloomberg,; AFX  -  497 words
    • Article
      Lock icon IBM to testify for US govt in Microsoft anti-trust case
      399 13 WASHINGTON Source; it'll tell how computer makers were pushed around Reuters IBM Corp will become the first computer maker to testify for the government in the anti-trust case against Microsoft Corp, a source close to the case said yesterday. The
      Reuters  -  399 words
    • WORLD Watch
      • Article
        Lock icon Japan to open up more,says USTR
        72 13 AFP [WASHINGTON] Japan has made new commitments to deregulation that will further open its market while boosting Japanese economic efficiency, the US Trade Representative's office announced here yesterday. The USTR said fresh measures would be taken in telecommunications, housing, medical devices and pharmaceuticals, retailing
        AFP  -  72 words
      • Article
        Lock icon Moves to check trademark abuse on Net
        92 13 AFP [GENEVA] The World Intellectual Property Organisation is championing specific measures aimed at curbing the growing abuse of trademarks on the Internet, Wipo said yesterday. The recommendations, contained in a new report, are also designed to create a more effective system of allocating
        AFP  -  92 words
      • Article
        Lock icon Bank of England expected to hold rates
        82 13 Bloomberg [LONDON] The Bank of England is expected to hold its benchmark interest rate at 5.26 per cent this week, after cutting rates six times in seven months, on signs of .revival in Europe's third largest economy. The central bank's monetary policy committee
        Bloomberg  -  82 words
      • Article
        Lock icon Body of British climber found
        84 13 AFP [WASHINGTON] A group of mountaineers on their way up Mount Everest said they have found the body of British climber George Mallory and are trying to determine whether he reached the world's highest peak before he died, according to a commercial Web site on
        AFP  -  84 words
    • Article
      Lock icon Breakup of UK expected to benefit England's taxpayers
      388 13 LONDON Reuters ENGLAND'S main income tax rate could be cut if Scotland and Wales eventually become independent, economists and tax experts say. Scottish and Welsh voters go to the polls this week to appoint elected assemblies for two ancient nations. The ruling
      Reuters  -  388 words
    • Article, Illustration
      Lock icon Dusty whirlwind
      76 13 [KUKES, Albania] Two Kosovo refugee children yesterday covering their eyes from the dust kicked up by the landing of a Dutch Nato Chinook helicopter. Behind them are French soldiers who are preparing a landing strip financed by the United Arab Emirates. In Washington on Sunday, the US vowed
      AFP  -  76 words
    • Article
      Lock icon WTO puts off meeting to elect chief
      495 13 GENEVA US, France and others say Supachai stands no chance AFP, Reuters, Bloomberg A FRESH meeting scheduled for yesterday to try to pick the next director-general of the World Trade Organisation has been cancelled, the WTO said, as emotions over the embittered race
      AFP,; Reuters,; Bloomberg  -  495 words
    • Article
      Lock icon Frankfurt no threat to City of London, says mayor
      261 13 KUALA LUMPUR Reuters LONDON will remain Europe's biggest financial centre whether Britain joins the euro or not, and Frankfurt is no threat, London's Lord Mayor said yesterday. City of London mayor Peter Levene said London's position as the largest international financial
      Reuters  -  261 words
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      Page 13 Advertisements Column 1
      176 13 The Japanese Association, Singapore invites you to join as Associate Member... Be part of a premier freehold club, conveniently located facility-packed and gain insight into the culture and people of Japan. Who is invited: Singaporeans other non-Japanese nationals above 20 years old Entrance Fee: Sssooo (non-transferable) Monthly Fees: Single member
      176 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Howard shows spine over E Timor issue
      742 14  -  TXZB BOTTOM UXB OPINION By Tom Plate The writer, a Los Angeles Times columnist, also teaches at the University of California, Los Angeles. E-mail: Tplate@ucla.edu IF Australian Prime Minister John Howard the politician who has made a career out of riding the waves
      742 words
    • Article
      IN OTHER WORDS
      132 14 The Russians have been knocking at the door and demanding to be treated as an important player. Now they have got the biggest welcome they can have: the welcome at the White House. But this is a high-stakes game. The question is whether they can deliver.' -Toby
      132 words
    • Article, Illustration
      Lock icon IMF stays cautious as Asia picks up the pieces
      1296 14  -  It avoids painting too rosy a picture and hedges every positive prediction with ife and bats By Vikram Khanna The writer, BT's regional economics editor, was in Washington recently THE latest issue of the International Monetary Fund's most-awaited publication of the
      FILE PHOTO  -  1,296 words
    • Article, Illustration
      Lock icon US debates the right time to give children guns
      738 14  -  OOMMHMTAST By Bob Herbert The writer is a New York Times correspondent NYT By Bob Herbert WHEN'S the perfect time to give your child a gun? That's a difficult question for some parents. Is it when your son is 12 years
      NYT  -  738 words
    • Article
      WHAT THE OTHERS SAY
      997 14 Clinton a felled teadar WERE we serious about improving the lot of the hundreds of thousands of miserable people either massacred by the Serb units or fleeing the Serbs towards Albania and Macedonia, we would have sent our superb Special Forces into Kosovo to hunt and
      997 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Actor Oliver Reed dies at 61
      426 15 OBITUARY He was best known for his role as Gerald Crich in the 1969 film adaptation of Lawrence's 'Women in Love' NYT OLIVER Reed, whose red-faced exuberance brought earth iness to film appearances as varied as a swashbuckling musketeer, a brutal Dickensian burglar and
      NYT; AFP  -  426 words
    • Article, Illustration
      Stockmarket climb helps golf clubs reach 12-month high
      424 16  -  April prices np for 6th straight month; biggest gainer Sentosa Golf Clnb By' Ven Sreenivasan [SINGAPORE] Golf club membership prices reached a 12-month high last week, buoyed by a pick-up oil the stockmarket and optimism over an economic recovery. The asking prices
      424 words
    • Article, Illustration
      Low on passion, high in behevabiiity
      633 16  -  Tony Petito makes the well-known story engaging and entertaining, says parvathi mat as PARVATHI NAYAR THE Singapore Repertory Theatre's production of M Butterfly may in part be the result of audience feedback forms that stated it was the play they'd "most like to see".
      633 words
    • Article, Illustration
      Experience pays off as Citibank takes charge
      750 16 GOLF [SINGAPORE] Playing golf with just four clubs is a novel and interesting experience for most golfers. Familiarity with the format is obviously a big advantage as Edwin Khoo's Citibank team found at Sentosa Golf Club recently. Citibank have an annual four-club challenge
      750 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      533 15 Where to wine, dine and SSSSSSStSZ At Cafe Plaza, you can enjoy a superb selection of International gourmet cuisine in May. Dishes featured at our International Bullet include New Zealand Rock Oysters on Ice, Maki Sushi, Sashimi and many more. Lunch/Dinner: #22.50 (Adult) 50% discount (Child) Pnca mkfKt u trmct
      533 words
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      Page 15 Advertisements Column 2
      123 15 Create your own set luncb of Continental cuisine with strong Prencb Italian influences. Mondays to Fridays JOD noon to 2.30pm (last order) *48? Price: $28+++ tcvolvtag Reservations: *****58/88 Mandarin Singaporr 333 Orchard Road, Singapore *****7. Tel: *****11 An Unparalleled Buffet at parrots Parrata ii raady ta yaa with a kaffat
      123 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      1204 15 CRYPTIC CROSSWORD ACROSS fi s—l5 —I 5 R HK p 7 i 1A foreign lady's cats one's m H being doctored (8) 5 Little crawler turning over s—™5 lawyers' bills (6) 9 A pound added to the share- out would be reasonable (8) _JHL_JBL_JH JH Hi 10 He's a fighter
      1,204 words
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  • Page 16 Advertisements
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      118 16 In adversity there is opportunity -for the enterprising 1998 Enterprise 50 nominations are now open i Companies can nominate themselves by completing the official nomination form. Companies must be home-grown, privately-owned and incorporated under Singapore's Companies Act (1994 Revised Edition) with four years of audited statements. Nomination forms are available
      118 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      165 16 THE WEATHER Fair warm. Temperature (25/34C) AtfjfcJMBa WB* OmmL Jerusalem 7*2 dear Stoekhota (V7 doudv Arthad IMl doudy Mecca 25*7 doudy Vienna 6/16 2V31 showers Zurich 6/14 nan BcpgZ 12*2 doudy Duofi WHl* OowL Boatay 27*2 hazy Hmmmm 7/12 doudy AaMrtea WHP Oial «6*1 doudy Athens 17/30 doudy Buenos Aim
      165 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      KepLand confirms eyeing stake in ANA Hotel
      505 17  -  Site holds potential for conversion to residential use; both counters surge By Louis Beckerling [SINGAPORE] Keppel Land last night confirmed that it was considering a bid for a stake in ANA Hotel. Rumours of a bid swept across the stock market after the
      505 words
    • Article
      Salim unit sells all its 5.85m UIC wrts
      196 17 [SINGAPORE] The Salim group's Singapore-based investment vehicle, KMP United Ventures Pte Ltd, yesterday announced that it had sold 5.854 million United Industrial Corporation warrants last Friday at 0.***** cents each. Following the sale, KMP United Ventures does not own any more UIC
      196 words
    • Article
      Keppel ties up SPC stake purchase
      183 17 [SINGAPORE] Keppel Corp Ltd has completed the purchase of a 24.5 per cent stake In national oil company Singapore Petroleum Company Ltd (SPC). Announcing this in a statement yesterday, the company added that it had earlier received approval from the Stock Exchange of Singapore
      183 words
    • Article
      Why everyone's going gaga over the Allgreen IPO
      554 17  -  HOCK LOCK SIEW Ang Wan May THE Kuok group's Allgreen Properties IPO is the talk of the town. How much of it is hype? Allgreen's public offer comes at a time when property stocks have at least doubled over the last eight
      554 words
    • Article, Illustration
      Allan Ng to quit as chairman of Kuok's Kerry Properties
      875 17  -  He may become head of European or US private equity fond From Quak Hiang Whai in Hongkong ALLAN Ng Poh Meng is quitting as chairman of HK-listed Kerry Properties to pursue his own business interests, the former top Singapore banker
      875 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Permasteelisa plans to buy back shares
        483 18  -  Firm says shares are undervalued; expects profitability to be maintained By\ David Boey [SINGAPORE] Permasteelisa Pacific Holdings will buy back its shares, which are now trading at 21 per cent below the issue price of 82 cents. Giampiero Alessandrini, the group's new general manager/director,
        CHRIS LOH; Source: Bloomberg  -  483 words
      • Article
        Lock icon SIA seen posting $798m-871m profit
        415 18 Fall from $Lo4b due to slowdown in first half: analysts AFX-Asia, Reuters [SINGAPORE] Singapore Airlines Ltd is expected to report year to March 1999 net profit before extraordinaries in a range of $796-871 million, down from $1.04 billion a year earlier, with earnings reflecting the
        AFX-Asia,; Reuters  -  415 words
      • Article
        Wing Tai launches HK flats averaging over HK$5,600 psf
        365 18  -  From Quak Hiang Whai in Hongkong WING Tai Asia, which is leading a Singapore-dominat-ed consortium developing the Waterfront at the Kowloon Station, will launch the sale of flats to the public at an average price of HK15.678 (551.248) per sq ft.
        365 words
      • Article
        Lock icon NOL surges 17.5% on hike in freight rates
        160 18 Bloomberg (SINGAPORE! Shares of Neptune Orient Lines Ltd (NOL)' rose to their highest in more than 16 months, buoyed by higher freight rates, and a better-than-expected 1.2 per cent growth for Singapore's economy in the first quarter. "There are grounds for optimism,"
        Bloomberg  -  160 words
      • Article
        Petronas Gas FY99 earnings slip 0.4% to RM938.5m
        305 18  -  From Ruth Wong in Kuala Lumpur MALAYSIA'S gas processing firm Petronas Gas has posted a marginal 0.4 per cent decline In earnings to 938.48 million Malaysian ringgit (*****.4 million) for the year ended March 31,1999, following higher operating costs, depreciation and tax
        305 words
      • COMPANY Briefs
        • Article
          Cerecos Australia CEO to overseas NZ
          37 18 [SINGAPORE] Cento* said Hidenori Tokuda, the current chief executive of Cereboe Australia, will assume the responsibilities of New Zealand chief executive John Ashby when he leaves the group on May 31.
          37 words
        • Article
          Tuan Sing unit ups Grand Hotel stake
          37 18 [SINGAPORE] Tuan Sing's wholly-owned subsidiary Tuan Sing (Australia) Pty Ltd yesterday boughtBoo*oo shares in Grand Hotel Group at All JS7 each, amounting Grand Hotel Group, from 22.81 per cent previously.
          37 words
        • Article
          Lock icon OUB Local call warrants placed out
          104 18 Reuters [SINGAPORE] Robert Fleming Equity Derivatives yesterday said It had completed the placement ofa further 9.5 million European style call warrants on the Local tranche of Overseas Union Bank. It said the warrants were priced at $0.6371 each, with every 10 warrants entitled to
          Reuters  -  104 words
      • Article
        Lock icon Pac Century sells HK$2.5b property assets to Tricom
        432 19 Deal involving S'pore listed unit said to be complex reverse takeover; sale to help fond Cyberport Bloomberg [HONGKONG] Pacific Century Group, seeking to finance a proposed US$l.B billion (Ss3.l billion) high-technolo-gy park, will sell its Hongkong and China property assets to Tricom
        Bloomberg  -  432 words
      • COMPANY Briefs
        • Article
          Lock icon Hitachi to spend 30b yen on chip-making
          117 19 AFX-Asia [TOKYO] Hitachi Ltd plans to invest 30 billion yen (*****.5 million) by end-2000to boost semiconductor output at home and in Europe, the Nihon Keizai Shimbun reported. The investment will finance the production of non-memory chips used for cellular phones, cars and home
          AFX-Asia  -  117 words
        • Article
          Lock icon Lion Nathan may sell China interests
          89 19 AFX-Asia [SYDNEY] Lion Nathan Ltd chief executive officer Gordon Cairns said the brewing group is prepared to sell its China interests if losses become worse. "There's the obvious option, which is, if you can't make money in a business you sell and get out,
          AFX-Asia  -  89 words
        • Article
          Lock icon ASX merger: SFE may seek alternative
          124 19 AFX-Asia [SYDNEY] Sydney Futures Exchange trader Robert Lerner said SFE members may seek an alternative to a merger with the Australian Stock Exchange Ltd(ASX) as they may reject the proposal due to a low price-earnings ratio. Mr Lerner told Channel Nine that there is
          AFX-Asia  -  124 words
      • Article
        Lock icon HK futures exchange to offer property derivatives
        331 19 They will be priced off 12-share Hang Seng property index Bloomberg [HONGKONG] The Hong Kong Futures Exchange will offer in June new futures and options contracts linked to property stocks, an HKFE spokesman said. The new products will allow investors to hedge their
        Bloomberg  -  331 words
      • Article, Illustration
        Lock icon Packer firm ups stake to 30% of Hoyts
        208 19 Reuters [SYDNEY] Media baron Kerry Packer's Consolidated Press Holdings Ltd yesterday won effective control of Hoyts Cinemas Ltd after he increased the offer for the worldwide chain of movie theatres. Cons Press, the Packer family's privately held media and investment group, lifted
        Reuters  -  208 words
      • Article
        Lock icon Posco buys into Nippon Steel to boost cross-holdings
        168 19 AFP [SEOUL] South Korean steel giant Pohang Iron and Steel Co (Posco) will buy into Japan's Nippon Steel Corp in cross-shareholdings aimed at preventing hostile merger and acquisition bids. The Korean company said yesterday that it would obtain "a stake of equal
        AFP  -  168 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Philips agrees to buy VLSI in US$1b friendly deal
        473 20 Philips to pay US$2l a share for VLSI, higher than initial hostile offer of US$l7 Reuters, Bloomberg [NEW YORK] Dutch electronics company Royal Philips Electronics NV said yesterday that it had reached a friendly agreement to buy computer chipmaker VLSI Technology
        Reuters,; Bloomberg; Source: Bloomberg  -  473 words
      • Article
        Lock icon Heidelberger offers to buy Scancem
        468 20 German cement maker eyes Swedish firm as growth slows at home Bloomberg [HEIDELBERG, Germany] Heidelberger Zement AG, the world's fourth-biggest cement company, offered as much as 21.7 billion Swedish kronor (554.4 billion) to take control of Scancem AB from two Nordic companies as it expands
        Bloomberg  -  468 words
      • Article
        Lock icon Unilever's health spread gets US nod
        317 20 FT [LONDON] Unilever has won the battle to be the first to launch a cholesterol-reducing spread in the US after securing approval from the Food and Drug Administration The launch beats rival Benecol, marketed by McNeil Consumer Products, a subsidiary of Johnson Johnson, which
        FT  -  317 words
      • Article
        Lock icon IBM mainframe computers make a comeback
        402 20 Latest model occupies 90-95 per cent less floor space FT [SAN FRANCISCO] International Business Machines introduced a new generation of mainframe computers yesterday as the "dinosaurs" of the computer world make a comeback in the guise of electronic commerce engines. Mainframe computers, typically housed
        FT  -  402 words
      • Article, Illustration
        Lock icon Goldman IPO seen boosting US stocks today
        569 21 Shares expected to be sold at high end of US$45-US$55 range indicated earlier Bloomberg Reuters [NEW YORK] US stocks may rise as Goldman Sachs Group Inc sells shares to investors today in a much sought-after offering that is likely to value the investment
        Bloomberg; Reuters  -  569 words
      • Article
        Lock icon MediaOne approves AT&T bid, Comcast given deadline
        412 21 Bloomberg [ENGLEWOOD, Colorado] Media One Group Inc's board has approved a U5562.5 billion (*****.3 billion) buyout offer from AT&T Corp and given rival cable-television operator Comcast Corp until Thursday to come up with a competing bid, Comcast Treasurer John Alchin said on Sunday.
        Bloomberg  -  412 words
      • WORLD Briefs
        • Article
          Lock icon Scania main shareholder ups stake
          86 21 Reuters [STOCKHOLM) Investor AB, the investment arm of Sweden's Wallenberg financial empire, raised a road block yesterday to vehicle maker Volvo's attempts to take over rival Scania by raising its own stake in Scania. Investor, Scania'9 main shareholder, said it boosted its stake in the
          Reuters  -  86 words
        • Article
          Lock icon Scottish Power confident of merger
          80 21 Reuters (LONDON] British electricity generator Scottish Power pic and PacifiCorp said on Sunday that the planned acquisition of the US firm remained on track, despite a recommendation against the deal from senior regulatory officials in the US state of Oregon. Scottish Power «yid it was
          Reuters  -  80 words
        • Article
          Lock icon Lehman buys stake in KirchMedia
          72 21 AFP [BONN] German publishing and media giant Kirch said yesterday it had won a new partner for its KirchMedla KGaA unit in the form of Lehman Brothers Merchant Banking. The US merchant bank will buy 3.1 per cent in KirchMedla KGaA, which incorporates Kirch's activities
          AFP  -  72 words
        • Article
          Lock icon Motorola, Intel settle lawsuit
          63 21 AFX-Asla [SAN FRANCISCO] Motorola Inc has agreed to settle its trade secrets lawsuit against Intel. The companies did not disclose specific terms of the agreement. Motorola in March alleged that Intel illegally hired away Motorola employees who had worked on the development of its PowerPC microprocessor.
          AFX-Asla  -  63 words
      • Article
        Lock icon NYSE, Philadelphia said to have held alliance talks
        207 21 Bloomberg [CARLSBAD, California] The New York Stock Exchange and Philadelphia Stock Exchange have had discussions about an alliance, a person familiar with the situation said. Some Philadelphia exchange members said the talks could lead to a merger of the No 1 stock
        Bloomberg  -  207 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Aussie, NZ bonds tumble on reports of strong US economy
        453 22 4.5% US growth seen boosting commodities and other trade, fuelling inflation fears Bloomberg [SYDNEY] Benchmark bonds of Australia and New Zealand tumbled after reports showed the US economy is expanding fast enough to fan concern inflation may accelerate. Australia's benchmark
        Bloomberg  -  453 words
      • Article
        Lock icon Australia's Big Banks profits seen rising; NAB in lead
        424 22 Bloomberg [MELBOURNE] Three of Australia's "Big Four" banks will likely see profits rise an average 15 per cent, buoyed by a rise in commissions and a surging economy. National Australia Bank Ltd, Australia's largest and Asia's fifth-largest lender, is expected to
        Bloomberg  -  424 words
      • Article, Illustration
        Lock icon Buffett says he won't be joining LTCM buyout
        457 22 Was approached by Saudi prince in the past few days Bridge News [OMAHA, Nebraska] Berkshire Hathaway chairman and chief executive Warren Buffett says he is not interested in participating in a buyout of hedge fund Long-Term Capital Management (LTCM) despite recent speculation
        Bridge News; FILE PHOTO  -  457 words
      • Article
        Lock icon Few stocks at Buffet's 'intelligent' price
        417 22 Reuters [OMAHA, Nebraska] Billionaire investor Warren Buffett, warming up before his investment company's annual meeting, said on Sunday there were few companies now that met his test of being a good business whose stock sold at an "intelligent" price. "We never had a view
        Reuters  -  417 words
      • Article
        Quotation of Singapore Government Stocks (Apr 30. 1999)
        240 22 MATUWTY YtAflRAiStD COUPON NTEHEST oToWSOF ""©COLWC 5 009S 11 (%M) hH PAWBfT ACCTUP VjOT »awp 15/06/1999 TcaT 2 1979 6 1 4 55.80 15/6 15fl2 196 100.00* tvT" 01/09/1999 H*****1T 1987 2 3/4# 113MQ1/9 1/3 60 100.55# ,1.11# 01/09/1999 N*****0T Iflg Am
        240 words
      • Article
        Positive news pushes futures higher
        149 23  -  Aim mi Reports MSCl Singapore Index Edward Cheung, Jardine Fleming THE MSCI Singapore Index futures opened on a volatile note yesterday, with the high 0f283.00 seen in early trading. FoUow-through buying failed to materialise and the day's low was seen within the first hour. Buying
        149 words
      • Article
        Futures edge lower in seesaw trade
        164 23  -  MSCI Taiwan Moras Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures feU marginally yesterday after a seesaw session as concerns about price slip in computer chips were offset by a net NT|2.2 billion (*****.3 million) of Taiwan shares bought by foreign
        164 words
      • Article
        Lock icon Crude oil prices hit US$19 for the first time in 17 months
        362 23 ENERGY REPORT Bloomberg [NEW YORK] Crude oil rose to US$l9 a barrel yesterday for the first time in almost 17 months on expectations that producers are meeting their pledges to cut output enough to end a worldwide glut.
        Bloomberg  -  362 words
      • Article
        Lock icon CURRENCY REPORT
        301 23 Reuters Now York THE dollar held Arm against the euro and yen in midday trading yesterday as traders shrugged off weaker-than-ex-pected US manufacturing growth. Gains on Wall Street helped to underpin the dollar, although trading activity was significantly thinned by holidays in Asia and Europe, and markets generally
        Reuters  -  301 words
      • Article, Illustration
        Untitled
        933 23 INTERBANK CROSS RATES May 3 H m Ffr »S trttataH* V. Wo, H «$WH» Ptw S$ tort Mr »T$ i* N«I 5S?' 1035 5 6 i2 SS 1% Hii f£ J2 *2? 7JM 2480 t.»2 33^M*****4 1129 4.039 1409 ***** ***** 0.412 0.663 .J, 5.321 29J68 54.711 0.822 8.T71 2409
        933 words
      • Article
        Untitled
        1521 23 SICOII FUTURES May 3 WNBKMra dosing *t SJQpa) tSS 1 COWFMCTg mtslty Om Votora* Ops M»*> Uw sot (tww) IwUmt Jmn was 250 J*» 102.50 775 104.25 275 275 K».00 900 AnAtorOO n2.50 MS 3 CONTRACT (OS ewtafa) IMm Opto Uwr Srtt (towm) mtertrt *»99 58.00 2360 59.25 2185 6025
        1,521 words
    • Article, Illustration
      Lock icon HONGKONG
      1345 24 AFP Q Hang Seng +&87 HONGKONG share prices closed little changed yesterday despite the latest in a series of interest rate cuts by the territory's banks, dealers said. They said the market had factored in the interest rate cut of 25 basis points by the Hongkong Association of Banks
      AFP  -  1,345 words
    • Article
      Lock icon TAIPEI
      308 24 AFP HwPlnfax ♦ia» TAIWAN share prices closed 0.2 per cent higher yesterday as stocks of raw-material companies enjoyed buying support, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 12.09 points to 7,383.26 on a turnover of NT1106.13 billion. "Buying interest is turning to paper and steel sectors
      AFP  -  308 words
    • Article
      WORLD STOCK MARKETS
      1699 24 Mntrtili »M Nana 31 Croup 6.74 unch A 8 Foods 4.57 -0.07 A B Ports 2.81 -0.04 ARM Oomocq 4.86 0.08 Alliad Zurich 8.49 0.03 Anglo Axwrtcan GoM 43.01 151 ASDA Group 2.08 0.05 Bank of Scotland 9.30 0.17 Barclay! 19.74 0.31 8«I_ 9.77 0.13 8G 3.49
      1,699 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        7712 25 COflKMMf pntKtl 199* Last Vai Day Nat Cap HI# 1— Ciwpaay Ma OOP HMH Law P/t tm» 310 253 AJInomoto 290 16.0 117.5 SS 46 Anqkasa 78 -5 114 85 78 T1S.0 283 220 ApoMo Food Hlq 250 -2 1 250 250 8.7 100.0 204 T15 Barfaya Land 153 -2
        7,712 words
      • Article, Illustration
        Lock icon KLCI edges up on support for Telekom
        318 25 AFP Fl Composite Index *197 MALAYSIA'S key share index ended 0.4 per cent higher yesterday as investors nibbled on selected blue-chip issues, dealers said. The Kuala Lumpur Stock Exchange Composite Index finished at 677.93 points, up 2.97 points from Friday's close. An institutional
        AFP  -  318 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2108 26 m t*» tw 0«v Last Quota Avf H*»* I— »tw Company ><t« *y COOP) High Low Buyar Sa4»«r Prtc. 23 3 s 3160 Ac ar ******1 US$ 2Q.5 unch 79 21 20.5 20.5 21 33 4,5 3164 Acma ******4 32 *7.5 9707 33 24 31.5 32 25 30 25.5 t
        2,108 words
      • Article
        Rotational play benefits Guthrie GTS wrt
        177 26  -  WA2WAMT WATCH -By Ven Sreenivasan WARRANTS are bull-market instruments. Therefore, it should be no surprise that many of these instruments have been soaring in recent weeks as the market was pumped up by an inflow of liquidity. The current trading pattern is rotational play
        177 words
      • Article
        CLOB INTERNATIONAL
        203 26 Or Or u m vol Dry LMtOurt* Mi Ml V« M M Ca» Hm> L— Stfw Cwmm «g» rOOO) Ht» lw Hy, S—r Cw gg 345 173 5123 CDC(2000)MK 320 Cd 4 320 320 312.5 3273 8 2.4 2.5 164 6195.7 5124 C*fwyPac20cHK_.720 *d 265 2.1 7.4 6
        203 words
    • Article, Illustration
      Lock icon JAKARTA
      678 26 AFP Composite Into +28J4 INDONESIAN share prices jumped 5.7 per cent yesterday on a firmer rupiah and economic indicators showing a stronger-than-expected firstquarter GDP result, dealers said. A dealer with Lippo Securities said the market was "flying", with the index up sharply on heavy volumes and gains across the
      AFP  -  678 words
    • Article
      Lock icon SEOUL
      357 26 AFP rl Composite Into +3J4 SOUTH Korean share prices closed 0.5 per cent higher yesterday despite some profittaking in mixed trading, dealers said. They said the market opened sharply higher as it attempted a rebound led by blue chips, but lost most of its gains towards the end of
      AFP  -  357 words
    • Article
      Lock icon SYDNEY
      657 26 AFP DAflOrdmariM -211 AUSTRALIAN share prices closed down 0.9 per cent yesterday because of a slump on Wall Street and the battering of blue-chip industrials, brokers said. The benchmark All Ordinaries Index closed down 26.6 points at 3,074.5. The All Industrials Index closed 60 points lower at 5,391.7 while
      AFP  -  657 words
    • Article
      Lock icon WELLINGTON
      281 26 AFP Q Wellington -2LOI WORRIES about the direction of interest rates set a negative tone yesterday for New Zealand shares, which slipped 0.9 per cent in lacklustre trade. The NZSE-40 Capital Index closed down 21.01 points at 2,257.27 on total turnover worth NZ$67 million—AFP —T3 N2S '*h f— Advantage
      AFP  -  281 words
    • Article
      Lock icon MANILA
      281 26 AFP QManila *1104 PHILIPPINE share prices closed 0.5 per cent higher yesterday on the back of recent cuts in key interest rates. The Composite Index rose 13.04 points to close at 2,446.74. A total of 1.07 billion shares worth 5.03 billion pesos changed hands yesterday, compared with 1.28 billion
      AFP  -  281 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      5726 27 Transaction date M.ty 3 Or 8r M Wt Last Vai Day Last Quata ot* OI« VM Mat Cap A«g L w »tWa Camgdgy tata COOP) High Law —yar Wkf CVr P/t Imi Prlca 119 17J m fc WOO Acma 50« IWcd *15 8503 1W
      5,726 words
    • Article
      SESDAQ
      1224 27 8r Or M Wt IMM Laat VM Dry Laat Owta Dt* 81* VM Nat Ca» Av* *0> l— ttm ciM»wf 91* roooi u» 8»»ar m» cv w $3p*m 174 30 C 2049 AS Aula 10c T» *2 1807 119 114 T1S TM 15N 7 L3 1Q3 I3U nj 79.5
      1,224 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        343 28 «*d» Utmm Lian Beng 5c 41.J65.000 Hotel Prop 24.865,000 Frt Links 20c 19,764,000 Tuar Sing 25c 19,627,000 ST En* 10c 16.786,000 Choan SoooHuat 16,688,000 Orchard P 50c M,004,000 CoaWortGrp 25c H,774,000 Wing Tai 25c n,402.000 Ktppti LandWOO 11.064.000 Stwto S Hotel Prop 33,873,435 STEngglOc 30,623,976 OCBC Foreign 29,468,595 KepTatLee Bank
        343 words
      • Article, Illustration
        Property, penny stocks help market reverse initial retreat
        627 28  -  STOCK MARKET COMKSMTAKY SH closes higher after falling 16 pts in Ist hour of trade; mnted reaction to higher GDP forecasts By Louis Beckerling THE stock market recovered from a shaky start yesterday, buoyed by demand for property counters and penny stocks
        627 words
      • ON THE GRAPEVINE
        • Article
          One Hub's as good as any Hup
          108 28 WE hear Star Hub, the company that will launch Singapore's second fixed-line phone network in April 2000, has still not decided on whether to retain its mim at launch or to adopt one that will sound sexier and easier to remember for non-English
          108 words
        • Article
          Following instructions to the T?
          79 28 D»— IN a bid to reduce pressure for mora government land sales as property prices recover, the Real Estate Developers Association of Singapore (Redas) has been urging its members to keep a lower profile and handle disappointed buyerstaho missed the market's bottom tactAilly. And it
          79 words
        • Article
          Build casties like mine: Dr M
          137 28 MALAYSIAN Prime Minister Mahathir Mohamad yesterday stepped up the call to civil servants to speed 19 the implementation of projects in order to sustain the current growth momentum. He said government money has to be spent so that there could be trickle-down effects to
          137 words
        • Article
          HKMA officials the high
          142 28 SENIOR officials of the Hongkong Monetary Authority continue to be among the highest-paid executives in town. According to the latest HKMA annual report, one of the executives—believed to be HKMA chief executive Joseph Yam— was paid between HK$B.5 million (SSI.9 million) and HK|9 million last year
          142 words
      • Article, Illustration
        HOT STOCK
        61 28  -  -B* Wong Wei Kong FREIGHT Links shares inched up $0,005 to $0.28 yesterday on a volume of 19.8 million shares, compared with its 10-day traded average of 14 million units. The technical readings such as the RSI, Stochastics and MACD charts suggest that there may be some room
        61 words
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      63 17 BVLGARI B v lg*ri-B*lg*ri watch with Tubogas bracelet jfA jfr jr y 3 aJ* a 1 If 9 w 81 >*> 1 M S- S:' B If I <i v* JSMjK Iff X Available in Singapore at Bvlgari, Hilton Hotel 737 1652 Taka*himaya Department Store 735 6689 and: Dickton Watch
      63 words
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      303 18 t Companies who have traffic for Calling Hong Kong I■ will greatly be benefited from this limited release. International Calls '■usua Fori Year 30 days money back guarantee Limited 50 sets Deadline 15th May' 99 For more information, gl B please contact Q&ftiitßf/ Ms Nicole Qoh at 846 8878 »>
      303 words
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      10 19 pllanhe Zaohao 9hS£&33 anfir* igM mmut, Mdk IMS rfr msm
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      Page 19 Advertisements Column 2
      331 19 YOU'VE GROWN YOUR BUSINESS DESPITE INDUSTRY HICCUPS, DOWNSIZING AND THE ECONOMIC CRISIS. l 9 HBF ARE YOU ABOUT TO BE UNDONE BY YOUR FINANCIAL SOFTWARE? After everything your business has survived, isn't it ironic that the biggest threat may be lurking down the corridor in the accounting department? The truth
      331 words
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      96 20 ALLGREEN PROPERTIES LIMITED (Incorporated in the Republic of Singapore on 16 May 1986) 50,000,000 OFFER SHARES AT $1.03 EACH BY WAY OF PUBLIC OFFER Applications for Offer Shares may only be made on printed Application Forms or by way of Electronic Applications referred to in the Prospectus dated 28 April
      96 words
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      Page 20 Advertisements Column 2
      87 20 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
      87 words
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      282 21 It's more From 18 Feb 30 Tun*, choose from either of these rewards when you fly with us: 'Based on departure dates Enjoy shopping for free OJ? See more of Japan for free HRH (tacn Look at all the exciting ■mil $350 cities you can visit i^r MM vouche l
      282 words
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      1005 22 I HIM.MI Land Keppel Land Limited (Incorporated in the Republic of Singapore) Notice of Annual General Meeting ALL MEMBERS ARE CORDIALLY INVITED to attend the Annual General Meeting of the Company which will be held at 230 Victoria Street #15-05, Bugis Junction Towers, Singapore *****4 on 7 June 1999 at
      1,005 words
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      50 24 The Shenzhen and Shanghai markets were closed yesterday Strait HOCK LOCK SIEW Takes you behind the news TheßusinessTimes I I A r O I I The Tokyo and London markets wore closed yesterday Hie Straits Times all your needs. TOLL FREE •1800-737-1166 T* j Boy It Sol It Had IL
      50 words
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      38 26 SfraltsTlmes oS^lsSld'sPiay. Tlie Bangkok market was closed yesterday It's easy. I'll just find It in The Straits Times Gassified. Dad does it all the time. He changes cars as often as |c*m| I change my toy cars. g
      38 words
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      343 28 ————i——■ > To advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOTICE IS HEREBY GIVEN that I, WONG YUE CHIANG of 987, Bukit Timah Road Maplewoods *04-03 Singapore *****8, have applied for a Beer House, 2nd Class Licence in respect of M/s Siam Kitchen located at #02-26, Great World
      343 words
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      Page 28 Advertisements Column 2
      343 28 Is your portfolio lagging the hot bull market? You need DBS investor Online! Get the Best. C; 438-1188 today ESDI'S BANK NOTICE IS HEREBY GIVEN that I, KIM SEUNG HWA of 5 Rhu Cross #07-20 Singapore *****4, have applied for a Retail liquor Shop licence in respect of M/s Valley
      343 words
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      Page 28 Advertisements Column 3
      412 28 NOTICE IS HEREBY GIVEN that, I, QUEK KHEE LAY of Apt Blk 13 Teck Whye Lane #17-212, Singapore *****3, have applied for a Public House, First Class (extended) Licence in respect of M/s Chinois Chinois Wine Bar and Discotheque located at 8 Grange Road #01/02-00 Orchard Cineleisure, Singapore *****5, and
      412 words
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      Page 28 Advertisements Column 4
      14 28 To advertise your NOTICES simply fax: 741 1298 or Call tollfree: 1800 741 1883
      14 words
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      Page 28 Advertisements Column 5
      324 28 NOTICE IS HEREBY GIVEN that I, CHAN WAN of 21 Telok Blangah Cresccnt #04-64 Singapore *****1, have applied for a Public House, 2nd Class Licence in respect of M/s Hot And Chan Gourmet located at 87 Science Parte Drive #02-01 Singapore *****0, and that this application will be considered by
      324 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      294 29 Bridge News Reuters SUEZMAX rates eased across the board with West African million-barrel levels now Calling to worldscale 70 for US Gulf discharge. With very large crude carrier (VLCC) tonnage still tight in the west brokers said charterers' may opt to go back to fixing Suezmaxes if "the
      Bridge News; Reuters  -  294 words
    • Article
      MARITIME STOCKS
      130 29 u* n—»» 003 »oj £S m W TT S5^^—is is ItI S?SZ=1S <2S m *35 Marina J.05 003 4M KmmI Tate 1.7* -OjOI TST ts mol aw wow ssrsasrfs sa S»« 9 ss »s 5R£K c i£:z±?S -0x2 K*Snt container T H 0.0* 22 SSScrwHw 4M> OJS 1350
      130 words
    • Article, Illustration
      Lock icon EU to confront Seoul on shipyard subsidies
      413 29 Europe concerned about survival of its shipbuilders as Korean competitors slash prices Bloomberg [LUXEMBOURG] The European Union is to confront the South Korean government on what the EU has called illegal subsidies to Korean shipbuilders. The 15 EU industry ministers, meeting last week,
      Bloomberg  -  413 words
    • Article, Illustration
      Lock icon Found – 38 years later
      85 29 Found 38 years later [ORLANDO, Florida] Marine salvage experts have found Virgil 'Gus' Grissom's lost Mercury capsule, a space-age antique that carried the US astronaut into space 38years ago. and then sank unexpectedly on splashdown, an expedition spokesman said The salvage crew reported finding the telephone booth-sized Liberty Bell 7
      REUTERS  -  85 words
    • Article
      Lock icon Kvaerner Govan may get £200m order
      199 29 Reuters [LONDON] Hopes for the rescue of the closure-threatened Kvaerner Govan shipyard in Glasgow, Scotland, have been raised by the possibility of orders worth £200 million (Sss4B million), reports said. Trade and Industry minister Brian Wilson was quoted as saying he had passed on
      Reuters  -  199 words
    • Article
      Lock icon Shipping along Danube may take years to recover from Nato bombing
      404 29 Reuters [VIENNA] The blockage of the Danube following Nato bombing in Yugoslavia has dealt a severe blow to shipping in the area which could take years to overcome, according to Austria's largest shipping company. Herbert Petschnig, managing director of
      Reuters  -  404 words
    • Article
      Lock icon Ship sinks off HK -1 dead, 13 missing
      149 29 AFP [HONGKONG] One seaman is confirmed dead and 13 more are missing and feared dead after their ship sank off Hongkong last Friday during a typhoon, the Marine Department said yesterday. Three passing ships saved seven of the 21 crew members from
      AFP  -  149 words
    • Article
      Intertanko slams detention of masters
      168 29 [LONDON] The International Association of Independent Tanker Owners (Intertanko) has once again expressed its deep concern over the unlawful detention of tanker masters. Using its Houston Tanker Event, held last week, it declared in a statement: "Intertanko is deeply concerned about the increasing tendency by
      168 words
    • Article, Illustration
      Lock icon Small states woo shipowners
      832 30  -  FLAG SHIP MARKET More Third World countries offer shipowners attractive tax regimes and incentives to use their ship registries By. Felix Chan AN increasing number of Third World countries are jumping on the ship registry bandwagon, offering shipowners attractive tax regimes and incentives, while giving the
      FILE PHOTO  -  832 words
    • Article
      SHIPPING SCHEDULES INDEX
      201 30 PAGE ECL 5 ACL 6 6 •AMI 3 i Accord 8 GUI* 4 Appenship 5 Ge«artrans 6 Austral 6 Han 9 ,i T BalajiShpg 4 3 BSA 7 4 B'tang Mas 8 H VU"dM 1 CCNI 7 *CFS 3 CMA 8 Inter asia 7 COSCO 5 Intertransport
      201 words
    • Article
      SHIPPING GUIDE
      19116 35 thebusinesstimes EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Heme Name Number Number SIN Dest'n Name Name Number Number 20/05 12/06 NGPL CHENGTU V48SA 65-2277W) To ABIDJAN (ABJ) 2003 Cot* D'lvoire 20/05 26/06 ngpl chenctu v«sa uzzrnoo 13/05 22/06 Setramar VILLE
      19,116 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        820 39 Voy No Berth Arrival Dtpartu 5 0*»» rW Wmuk 04.05/235' 2 J 0*»99 JOI HonguK 04.05/010C w *»J' *****9 JOI MongsJd* 03.05/2301 5 **di4ni2 *****9 JOI Mongsx* 04 05/0601 *8 2186 0599 JOI Hones* 03.05/1900 SvrMti 4 *****9 JOI Hones* 04 05/0100 C Progress 03/05 J09 03.05/1600 Otcwnfcieos
        820 words
      • Article
        CONTAINER SCHEDULES
        1741 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclng/BoUnco Rstls Ship Voy No Etb/Btr P*rkxJ From To Fro* *c» Co«*r irtCto 05/1910 I* 01/1500 01/KS9 01/1900 OVBOO 01/1659 01/1900 U 01/1700 04/0659 04/0*00 21 01/1700 04/0459 04/0*00 1 04/0700 04/1151 04/1400 4 04/1200 04/1459 04/1700 •wttiiMi til* 04/2000
        1,741 words
      • Article
        GLOBAL HOLIDAYS
        190 39 MayS Thailand: Coronation Day May 13 Indonesia: Ascension Day. Germany: Ascension Day. France: Ascension Day. Austria: Ascension Day. Belgium: Ascension Day. Denmark: Ascension Day. Finland: Ascension Day. Switzerland: Ascension Day May 24 Germany: Whit Monday. France: Whit Monday. Austria: Whit Monday. Belgium: Whit Monday. Canada. Victoria Day. Denmark:
        190 words
      • Article
        COCKETT BUNKER MARKET REPORT
        793 39 THIS report, compiled by Cockett Marine OH Ltd. shows price ranges In US dollars Instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on average sized stem. Market movements are indi cated The Cockett Bunker Price Index change
        793 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        412 39 Cirtxxi 180 Max 995.1 O.f 19.8 0.10 66 0.09 Apr 29 Dmity Watar RmMm Ask AImMmi SiOimX No abOM £25 1 0 10 0 0 0 380 Av* 987.4 0.4 13.4 00)7 36 0-02 tin* 380 Mu 991.7 1.8 19 J 0.09 58 0.04 M/M»3 %VM
        412 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon SIA to join Star Alliance in Oct: Thai Airways
        395 40 Airline group also in talks with Air China, China's flagship carrier, about joining alliance Bloomberg [SYDNEY] Singapore Airlines (SIA) will join the Star Alliance the world's largest airline group in October this year, the president of Thai Airways International said. Singapore
        Bloomberg; AFP  -  395 words
      • Article
        Lock icon Thai expects Dec public offering
        352 40 Reuters [SYDNEY] Thai Airways International said yesterday it expected a public offering for a minority stake in the airline would be held in December, with any private component held over until April next year. Thai Airways president Thamnoon Wanglee also said the purchase of a
        Reuters  -  352 words
      • Article
        Lock icon Air France unions call for end to Nice ground strike
        243 40 Bloomberg [PARIS] Air France said it expects more ground staff to return to work at Nice Airport, France's third busiest, after two unions called for an end to the 18-day strike. Europe's third-biggest airline said fewer than half of the
        Bloomberg  -  243 words
      • Article
        Lock icon Alitalia, KLM postpone final signing on tie-up
        221 40 AFP [MILAN] The Italian national airline, Alitalia, and its Dutch counterpart, KLM, have postponed signing a deal agreed last year until Nov 1, an Italian business paper reported. The two companies agreed to merge their passenger and cargo activities last November and had
        AFP  -  221 words
      • Article
        Lock icon SAirGroup division to buy 10% of Panalpina
        159 40 Bloomberg [ZURICH] SAirLogistics, which organises cargo transport for SAirGroup, Swissair's owner, said it plans to buy 10 per cent of Panalpina Welttransport Holding AG, the world's third-largest air freight company. SAirLogistics, one of four SAir divisions, plans to form a venture with closely
        Bloomberg  -  159 words
      • Article, Illustration
        Lock icon All systems ready for Y2000, says airline group
        331 40 Safety of operation of Star members' aircraft not compromised Reuters [SYDNEY] The Star Alliance grouping of airlines said yesterday that systems testing ahead of the year 2000 had shown nothing that would compromise safety. "We are taking safety very, very seriously," Deutsche
        Reuters  -  331 words
      • Article
        Lock icon S'pore firm to act as adviser for Seychelles airport
        111 40 Reuters [SINGAPORE] Seychelles has appointed the Singapore Airport Consortium as consultant for developing its new international passenger terminal, a Civil Aviation Authority of Singapore (CAAS) statement said. CAAS, which is part of the Singapore Airport Consortium, said a memorandum of agreement
        Reuters  -  111 words
      • Article, Illustration
        Lock icon Lufthansa urges Europe to create single air traffic control system
        453 40 Financial Times [FRANKFURT] The head of Lufthansa, the German airline, has called for the creation of a single, privatised European air traffic control system to end flight delays. Jurgen Weber, Lufthansa's chairman, said European governments had to relinquish control over
        Financial Times  -  453 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1571 40 OTY FU6HT EH FU6WT £70 OH Hi—h mw» §m som tm sam ms 8*7381 1930 6A73S2 2055 t»liplm WC SO0O3 1905 ***** 0910 Of«1 1930 0F82 2055 ***** 2045 SQ004 MO n*" v 741 uw Yn7 I g* wire wa J! 1 ~i Kat Yai TG407
        1,571 words
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      23 29 nag ship market: Small states woo shipowners More Third World countries offer shipowners attractive tax regimes to use their ship registries. Pa#» 2
      23 words
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      Page 29 Advertisements Column 2
      558 29 SIA to join Star Alliance in Oct: lliai Airways Airline group also in talks with Air China, China's flagship carrier, about joining alliance. B*ok Page ai KLM Cargo has promoted Jan da Vegt to vice-president j| of cargo operations based in Amsterdam. Mr de Vegt was previously KLM Cargo's Singapore-based
      558 words
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      701 30 c "I *~1 IqULF KARACHI EXPRESS (QIOQ ll YKS L voyage lgo "T""sir MM vissa vot ai |ph| mm m cot m" sw MYI CASTOR 00WS14 Jl/04 00/05 PtO NBUOYD DAMMAM 21/04 13/04 23/04 25/04 JO/04 04/05 00/05 M/ 05 ooa JAPAN 32W517 20/04 H/05 OOQONNA 31W510 05/05 23/05 NYIVMGO
      701 words
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      Page 30 Advertisements Column 2
      687 30 L,nes services represented by Members of Vie Registry of Accredited Shipping Agents. X-'i'V Singapore Shipping Association Members of the s^R S jF r SEMBAWANG KIMTRANS (S) PTE LTD 0 coHvmoHAi satvias r— —cfe, SINGAPOKE to MAM. RINTAN. KARIMUN SINGAPORE fo BAM6KAISUND .A IVAyWl VAy W SINGAPORE to CILEGON W™\ SAMARINDA/BAUKPWU(/BANJARMASIN
      687 words
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      1179 31 SAX SERVICE (DIRECT) VBSa VOY SM ETA lAX OAK DAI. HOU (H OX MBA AH NYC mnwuM ore os/os 20/05 25/05 25/05 26/05 25/05 26/05 »/os 27/05 27/05 OfIJMK QUE 12/05 27/05 01/06 01/06 01/06 01/06 02/06 02/06 03/06 03/06 maupct out 19/05 03/06 00/oo o»/Q6 00/oo 00/06 09/06 09/06
      1,179 words
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      Page 31 Advertisements Column 2
      2105 31 HANJIN SHIPPING !ik P1 i lfcMr*U> -Srfk *****30 HAMJIN SHIfWMG (S) HI ITD h»//— Iwjuw lOOBIIG *****3S 737 SAUS *****74 731 OOCUMHT *****71 774 OPtWOKS *****5R751 MAWUIR *****55 HU *****40 Hi IIS3H34MOR TO NW USA A CANADA USA CANADA* RBVSL/VOY M« SM IRC HAU/VOY SU Sw MR PM 01 iST
      2,105 words
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      Page 31 Advertisements Column 3
      353 31 .aa vor sa so ros IC AA T C n>T( HOH6KOH6 9005 07/05 04/05 ***** >5/05 W/05 11/05 13/05 14/05 narcniSAM oo*s 07/t»s 14/05 u/05 11/ os 19/w QOMttMA 745 00/05 _11/05_ J4*_ J7/B5 Jt/» 11/05 M/ 05 prOVldeS LvL <OHSOIIOOIIOII TO KNTC UISAII 900S 14/05 71/05 71/05 75/05 70/05
      353 words
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      1440 32 DSR-SENATOR UNES TO UK/CONTINENT TO MEDf IKtOUNEANCANADA VtttEt VOT Ml LEH 111 W HM W (U Vttgl VOY U» «T IK TO W.C MTU IRAK SELENE WQtZI Bl 24 OS »06 81 23 N BK MMM W*Wl MM MO6 »06 27 2*06 HMUM MALTA WNB2I MO6 21 06 23 06
      1,440 words
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      Page 32 Advertisements Column 2
      822 32 WLAM MAC-NELS S'PORE M'SIA Carrton MN CONTR LINES. IHG p. oudanq: <ot) 388*726 I IVVX J wmwnnw S«U: (064) *****S MAMLA: (632) *****24 V PENAMQ. (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 HON: (61)*****3 KUCHNO (062) *****1-3 CALCUTTAMADRAS MV "HAIfcUN" V.012N MV
      822 words
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      Page 32 Advertisements Column 3
      496 32 JESSELTON LINE nu MtMM mxi astius MUARA LABUAN vcsa vot m> cu vtssa vot m> eta spore nuaia spom m CAIAJUSO37 VW/99 07/0$ 10/0$ CAJMAJM37 VM/99 07/0$ 11/ OS jrtosrat \nm/n ii/oj m/os jmot vioe/99 ii/os 15/ts CNUUJn» VIII/W 17/05 70/05 OMUJUJN337 Vlll/99 17/0$ 71/05 jrtosrat viu/9971/os 74/ os jrtosrat
      496 words
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      1421 33 [vessel voy khh hkq sin pko pqb dxb pmm ba BIK 1 IRAN BAABAEI PJLI34S 30/04 03/05 04/06 13/05 14/05 15/05 17/05 19/05 IRAN TAKHTI PJLI346 07/05 10/05 11/05 20/05 21/05 22/05 24/05 25/05 IRAN TABATABAEI 5-103 12/05 14/05 18/05 19/05 28/05 29/05 30/05 01/06 03/06 IRAN LORE STAN 5-102
      1,421 words
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      Page 33 Advertisements Column 2
      2287 33 Mml Calk I* Rob* (6 Bays), 1 Nagoya (7 Dayi) Tokye Days) I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (B/I) *****02^OHORr5fFKT^™™"™™^™| COSTAR SNIPPING PTI LTD #17-mmsblog sales/ikgs 4205«57/60 inward OErr (D/ 0) *****1S COSTAR AGENCIES (M) SDN BHD g NO: **********0* TOWER TWO (*****9)
      2,287 words
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      1394 34 EUROPtAJK/SCAWPWAVIA/FIMUWD/RUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E DEVOTE RW-OH 01*6 27/05 02AM 29/05 31/05 91/06 027* E. RIGHT RE-031 15/04 17/04 11*4 11/04 20/04 10*5 11/05 E DEVELOP RW-OOt 15/05 03/06 N/06 05AM 07*6 01/06 09*6 E. REWARD RE-833 22/04 24
      1,394 words
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      Page 34 Advertisements Column 2
      895 34 np ADVANCE CONTAINER LINES (PTE) LTD AC- L- TtL; *****21, FAX *****18. TELEX RS ***** ACLPL rtw KM BOOKINGS PIiASS CAU: *****22 &AUS A MARKETING *****21-26 OPERATIONS: *****60 *****06 Cfl MO. *****M***** KANOKOfc 1 lillli bi/Wi i> JAKAITA P vtssa I gg vtssa VOY «N *r_ KOTA RAIMA (PAJ/LCH) RNAII3
      895 words
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      Page 34 Advertisements Column 3
      561 34 NANTAI LINE FUUY CONTAINERISED SOVKI TO I MAURITIUS SOUTH AFRICA vessel voy sin put out m cn ro NAMTAIDCAGOM VOI3S 04/05 15/05 19/05 2Z/D5 23/t» mmivaus im i»/05 Urn im oi/ot n/u on* GOiDEW DtAGOW *0175 70/05 05/Dt W/M IZ/Qt 11* NAMUIQUEBI YO3SS 00/04 Ifc/Ofc M>/0t TiM Mk Mi wmmm
      561 words
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      Page 35 Advertisements Column 1
      35 35 New Advertisers/Services/Agencies jLJSCO SHIPPING LINE LIBYA BENGHAZI TRIPOLI See Our Ad On PG 12 OCENUS SHIPPING AGENCY PTE LTD NEW GUINEA PACIFIC LINE Our Schedules Are On PG 5 H SWIRE SHIPPING AGENCIES PTE LTD.
      35 words
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      Page 35 Advertisements Column 2
      27 35 CWT GLOBELINK INTRODUCES WEEKLY DIRECT GROUPAGE TO SOUTH AMERICAN PORTS PG 13 (MON/WED/FRI) I j NEW SERVICE FROM ASIA TO PACIFIC NORTH WEST PG 7 BARWIL AGENCIES
      27 words
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      Page 37 Advertisements Column 1
      53 37 STEjaTk Dial 740-6000 on demand] —(Retrieve more schedules!) Press "1" CT J»\ Select the port and key in s *yl the four digit code eg: To New York (NYC) 2275 st£> Key in your fax number I your phone number Another innovative service offered by The document Will be SHIPPING
      53 words
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  • Page 39 Miscellaneous
    • Miscellaneous
      Page 39 Miscellaneous Column 1
      118 39 —T —J r WHy J LEGENO: R Thunderstorm Temper otur« »q V Shower Weother Wind direction with speed in knots ee Roin V^/ Cloudy Sky w v height Serfoce wind* ore indicated by arrows which fly with the wind (e) One fu« circle represents cotm or light ond vonobte winds
      118 words
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