The Business Times, 5 May 1999

Microfilm: NL21496
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Masthead
    16 1 THE BUSINESS TIMES MITA /v y*^ 9B 85c SINGAPORE Internet: http://business-times.asial .com.sg/ WEDNESDAY, MAY 5, 1999
    16 words
  • Article
    MARKET SUMMARY
    60 1 Dsn IML9O (+33.66) mrnn-m EJ 713.70 (+22.50) Plmpanmnußs Um»(+6.io) gy MAMETMOOD; SHXXBilKET DUNCES s Toextay Change KLSECOMP M0J8 +SM6 NIKKEI Closed HANOSENG SET INDEX M6.75 +4C4# JAKARTA OOMP &48J4 +24.88 MANILA COUP __1«484 +18.11 TAIPEI WPI 7JHM4 +1W.78 SEOUL OOMP 77L17 +14J4 CLSA CHINA B £61.48 +&1J AUST
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  • Article
    FINANCE
    53 1 F0BEX1ATBB ust SI US*, 1.7* £{USJ/Stper£) Mil l?4f EURO(US*SlperE)I.QM 1JK DM 1.848 M» YEW U0.7 L414 4 KM 3.800 0.449 HKS 7.7*1 0520 BAHT *87 0.046 RUPIAH 8,(01 0.021* 'Si to 100 units RODS BATES UMBttWB Twitii. aw 8TONW 8.46 TOKYO 2.80 S8QWL 11* NBWTOuTZZiZI^liS CMai Buk dMcoaat rata
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  • Article, Illustration
    ST Index surges to regain pre-crisis level
    727 1  -  S'pore benchmark is now only 12% away from its all-time high By] R Sivanithy [SINGAPORE] The Straits Times Index surged to 1,931.9 points yesterday, riding on a powerful regional buying wave that helped carry the benchmark Singapore index firmly above its pre-crisis level
    727 words
  • Article
    Lock icon Dow loses grip on 11,000 at 1pm
    96 1 Bloomberg [NEW YORK] US stocks fell back yesterday morning amid concern that expectations are running too high for economicallysensitive stocks that led the Dow Jones Industrial past 11,000 on Monday. "Some of the cyclicals have run quite a long distance awfully fast, and
    Bloomberg  -  96 words
  • Article, Illustration
    Lock icon Analysts see positive signs as Dow works the 11,000 level
    968 1  -  By, Andrew Marks in New York EVEN as cheers erupted on the floor of the New York Stock Exchange on Monday as the Dow Industrial closed above 11,000 for the first time, analysts are pausing to consider where the US
    Source: Bloomberg  -  968 words
  • Article
    Jardine Fleming, Goldman deny making Clob bid
    484 1  -  Jardine said it did have informal t*lhg on range of issues Frorn Quak Hiang Whai in Hongkong HONGKONG investment bank Jardine Fleming yesterday said it had had informal discussions with the Malaysian government but denied it had made a formal bid for the
    484 words
  • Article, Illustration
    Lock icon From carburettors to percolators
    33 1 [SINGAPORE] Something's brewing in the Singapore motor industry. Those who still believe in the old way of doing business are getting a wake-up call. Fan report, Pgs ARTHUR LEE
    ARTHUR LEE  -  33 words
  • Article, Illustration
    Lock icon Pacific Century stuns with a 4-fold price surge
    467 1  -  Counter sizzles from news of HK Cyberport link From< Quak Hiang Whai, David Boey in Singapore PACIFIC Century Regional Developments (PCRD), a little known counter that most research houses do not even follow, stunned the market yesterday when it soared more than
    Source: Bloomberg  -  467 words
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      139 1 Implement a five-day work week or flexible work hours, as well as create more public holidays, to give Singaporeans more time to pursue their civic and family interests, two MPs suggested in Parliament yesterday, Pg4 Analysts are revising upwards their earnings estimates for SIA, Pgl4 t V WTOs Sapaduu't out
      139 words
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      17 1 S'pore stocks: how things have changed, Pg 13 Thai stocks soar, Pg 3 Buying spree, Pg 3
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      23 1 Dow milestones, Pg 3 Morgan Stanley closely watching Clob issue, Pg 2 Offer is private-sector initiative: Abdullah, Pg 2 More reports, Pg 2
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      69 1 $605 m property deals, Pg 13 bBTn3Z Telecoms special Two years after Mobile One brought competition and J choice to Singapore's cellular phone market, consumers have enjoyed lower call charges, better customer service and a wider range of trendy products and services. Come April 2000, another competitor, Star Hub, enters
      69 words
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  • FOCUS ON CLOB
    • Article
      Morgan Stanley closely watching Clob issue
      574 2  -  Fond managers say M'sia unlikely to be reinstated in MSCI indices this year By' Ven Sreenivasan [SINGAPORE] US investment house Morgan Stanley is closely watching the Clob issue as it weighs the possibility of reinstating Malaysia in its widely-followed Morgan Stanley Capital International indices.
      574 words
    • Article
      Offer is private-sector initiative: Abdullah
      376 2  -  People with better offers can submit them, says DPM From, Eddie Toh in Kuala Lumpur DEPUTY Prime Minister Abdullah Ahmad Badawi yesterday repeated the Malaysian government's stance that the impending Clob solution was a private-sector initiative. "If there are people who think they can make
      376 words
    • Article
      Why Akbar Khan, and not EPF?
      438 2 Let lTsUns enjoy the almost assured RX3 UlUoo profit THE Clob share issue has again attracted wide domestic and international interest, the most recent being an article which appeared in The Asian Wall Street Journal. According to the article, a Singaporean by the name
      438 words
    • Article
      Dr M, we are not short-sellers
      350 2  -  Kalpanath Singh Singapore I HAVE invested heavily in Clob shares and my investments started from 1997. Even if I have to dispose of all my shares at prevailing market prices, I will not be able to recoup my capital. I believe that most of
      350 words
    • Article
      Akbar Khan explains his pricing formula
      405 2  -  By Ven Sreenivasan [SINGAPORE] Businessman Akbar Khan has explained how he arrived at the average 45 per cent premium he is offering for Clob shares. Replying to questions from BT yesterday, Mr Akbar said this number was derived by comparing "the average offer price
      405 words
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      101 2 x-> v HESIuUm Departure on 1 June 1999 r i] I il !/ii "#a v H HBSiiSiUHfaUiUSlZ&23BslstsZ^^l Singapore Airlines Intercontinental Hotel, 3 nights single room Departure on 31 May 1999 For more information, contact Tel: 221 3055/221 3056 Mr. K H Kim, Mr. Wee or complete this reply slip and
      101 words
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      352 2 The Goods Services Tax has been in place for 5 years. In this time, have you considered: If the company is filing the GST return correctly? If you and your colleagues need a refresher on GST rules? Whom you could approach to help you address problems related to GST compliance?
      352 words
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  • FOCUS ON MARKETS
    • Article, Illustration
      UK funds on buying spree in Asia
      855 3  -  In contrast to earlier gloom, they are chasing large cap issues in HK, S'pore From, Neil Behrmann in London BRITISH fund managers have thrown caution to the wind and have been piling into Asian stock markets. Index tracking, or effective index tracking, is
      855 words
    • Article, Illustration
      Lock icon Thai stocks soar 10% to hit 13-month high
      545 3  -  Foreign investors rush in after ratings upgrades analysts From Harish Mehta in Bangkok THAI stocks rocketed to a 13month high yesterday, rising 10.1 per cent on a ratings upgrade by Moody's Investors Service that returned the country to the ranks of the
      REUTERS  -  545 words
    • Article
      Lock icon Dow highs: ASX chief calls for caution
      138 3 Reuters [SYDNEY] Australian Stock Exchange chairman Maurice Newman expressed caution yesterday over the latest rally in US stocks which has taken the Dow Jones Industrial Average above the 11,000 mark. "It's a relatively narrowly based market," Mr Newman said, "You have to be
      Reuters  -  138 words
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  • YESTERDAY IN PARLIAMENT
    • Article, Illustration
      Lock icon Give S'poreans more time for civic, family interests: MPs
      421 4  -  Two suggest five-day work week, flexible work hours, more public holidays By. Audrey Tan IMPLEMENT a five-day work week or flexible work hours, as well as create more public holidays, to give Singaporeans more time to pursue their civic and family
      FILE PHOTO  -  421 words
    • Article, Illustration
      Use of public funds for overseas study loans not justifiable
      566 4 S'pore may lose many top students if scholarships are replaced: BG Lee THE government cannot justify offering overseas study loans with public funds, especially at subsidised rates, Deputy Prime Minister Lee Hsien Loong said yesterday. Banks already offer study loans
      566 words
    • Article, Illustration
      Passed: bill allowing en bloc sales with majority consent
      506 4 Safeguards provided to protect minority owners' interests PARLIAMENT yesterday passed a bill allowing en bloc sales to proceed without unanimous consent, though it also spelt out safeguards to protect the interests of minority owners. In the third reading of the bill
      506 words
    • Article
      Govt bond issue limit raised to $220b, T-bill issue to $15b
      396 4  -  Increasing supply of SGS will help make S'pore a leading int'l debt hub Dr Hn By' Wong Wei Kong PARLIAMENT yesterday voted to raise the ceilings on the issue of government bonds and treasury bills, a move that will
      396 words
    • IN Brief
      • Article
        Why no public register of MPs' assets
        120 4 THERE Is no need to maintain a public register of MPs' assets because it would not guarantee clean and uncorrupt practices, Wong Kan Seng, leader erf the House, told Parliament. Replying to non-constituency MP J B Jeyaretnam who once again called for a
        120 words
      • Article
        Admin surcharge for ERP violations
        94 4 MOTORISTS who pass through an ERP (electronic road pricing) gantry without a cashcard, or with insufficient balance in the cashcard, will have to pay a $10 "administrative surcharge", on top of the ERP fee, within two weeks of the violation. If this remains unpaid after
        94 words
      • Article
        Hazy days unless Indon measures work
        71 4 UNLESS fire fighting and enforcement measures in Indonesia are effective, Singapore can expect some hazy days again, said Environment Minister Yeo Cheow Tong yesterday. Singapore has alerted the Indonesian authorities to the logging and plantation fires in Sumatra, which have fanned hazy conditions here
        71 words
      • Article
        Help for wet market meat sellers
        102 4 THE government will spend some $6.5 million to upgrade electricity supply in wet markets to enable meat sellers to operate chillers, Environment Minister Yeo Cheow Tong said. Pork sellers have up to Nov 1 to install chillers costing between $3,000 and $6,000 each. Poultry
        102 words
      • Article
        Illegal dumping, littering penalties up
        80 4 PARLIAMENT yesterday passed the Environmental Public Health (Amendment) Bill increasing the maximum penalty for illegal dumping to $50,000 from $10,000. The penalty for littering is also now heavier, at a maximum $5,000 for the third and subsequent offences. The bill also requires construction site operators
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      113 4 -h y* &m~ r- *t~ "x" V> LAZAR BERMAN CELEBRITY CONCERT "Who is Lazar Berman?" aSked Herher KaraJ MBm IIL ■k J| "If Richterand I were to |ik play four bands together we wouldn't equal Berman," m.' I «2& Bast of t£« Zi 9 sMto'ffiffiff f| £5E*****££l Vtwie: y Racbtnaninov
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      420 4 B HOTEL ROYAL LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 30th Annual General Meeting erf Hotel Royal Limited will be held at the Royal Suite, Level 15, Hotel Royal, 36 Newton Road, Singapore *****4, on May 22, 1999 at 2.30pm for the following purposes:Routine Business
      420 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Chemical and electronics sectors likely to lead growth: EDB chief
      484 5  -  Issue of transfer pricing by Singapore exporters not a concern: Philip Yeo By, Jennifer Lien THE stronger-than-expected first-quarter manufacturing growth was "assuring", but its sustainability depends on the second quarter's performance, Economic Development Board chairman Philip Yeo said yesterday. Speaking
      ARTHUR LEE  -  484 words
    • Article
      More job cuts are on the way, says Shell
      322 5  -  Losses part of revamping business along regional lines By\ Eugene Low SHELL Singapore expects to cut more jobs over the next few months as the company restructures its business along regional lines. "There will be inevitable job losses at the local
      322 words
    • Article
      It's an art gallery, a coffee club and, oh yes, it sells cars too
      397 5  -  Vohro distributor S M Motors Adopts a new approach Reports by Christopher Tan THE art and craft of selling cars gets a hand from 70s pop art icon Andy Warhol at S M Motors. The Volvo
      397 words
    • Article
      Lock icon S'pore mission in Cambodia to tap new business
      146 5 AFP [PHNOM PENH] A highranking Singapore business mission arrived in Cambodia yesterday, the first from an Asean country since Phnom Penh became the bloc's newest member, embassy officials said. Some 23 Singapore companies and associations involved in telecom equipment, industrial machinery, imports
      AFP  -  146 words
    • Article, Illustration
      Lock icon Motor traders see increased interest from car buyers
      554 5 [SINGAPORE] Car buyers are back. Motor traders are experiencing higher showroom traffic, and for many, healthier order books. And on-site checks by BT seem to confirm the trend. Showrooms in Leng Kee Road, Alexandra Road and Kampong JUbi were packed over the
      ARTHUR LEE  -  554 words
    • Article, Illustration
      Lock icon GDP to grow 2.4%: JP Morgan
      282 5  -  E?E ON THE ECONOMY By. Eugene Low INVESTMENT bank JP Morgan expects Singapore's gross domestic product to grow by 2.4 per cent this year. "The full-year forecast for Singapore assumes a mild slowing in the second quarter as payback for the unsustainably strong first
      Source: JP Morgan  -  282 words
    • Article
      Watch civil service efficacy and integrity, C'wealth MPs urged
      250 5 PRIME Minister Goh Chok Tong yesterday urged parliamentarians of the Commonwealth nations to pay more attention to the integrity and efficacy of the civil service. Speaking at the opening of the Commonwealth Parliamentary Association (CPA) mid-year executive committee meeting in Singapore,
      250 words
    • Article
      BG Lee on the govt's biggest challenge
      176 5 PROMOTING technopreneurship is the "greatest" chaUenge facing the Singapore government in developing a knowledge-based economy, said Deputy Prime Minister Lee Hsien Loong last night. Speaking at a dinner for the Commonwealth Parlia mentary Association midyear executive committee meeting, he said that Singapore aims
      176 words
    • Article, Illustration
      E-commerce set to soar in Singapore
      363 5  -  German software firm says it has signed several deals By' Toh Han Shih SINGAPORE financial institutions are going for electronic commerce in a big way, although they are rather reticent about it now. In the last few months, several organisations here have signed contracts
      363 words
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  • ASIA ON THE MEND
    • Article, Illustration
      Lock icon Indon inflation seen at under 10% in current fiscal year
      557 6 Rates have to be lowered for bank recapitalisation to work: minister Bloomberg, AFP. Reuters [JAKARTA] Indonesian consumer prices are likely to rise less than 10 per cent in the fiscal year ending March 2000, said Sjahril Sabirin, the head of
      Bloomberg,; AFP.; Reuters; FILE PHOTO  -  557 words
    • Article, Illustration
      Lock icon Foreign buying of stocks pushes up baht, rupiah against US$
      275 6 AFP [SINGAPORE] The Indonesian rupiah and the Thai baht rose past resistance levels against the US dollar yesterday on the back of foreign buying of stocks, dealers said. The rupiah rose to a fourmonth high of 7,850 against the greenback
      AFP; Source: Bloomberg  -  275 words
    • Article
      Lock icon Korea will let interest rates rise amid recovery signs
      437 6 Policy reversal may prevent economy from overheating, say analysts Bloomberg [SEOUL] South Korea said it's abandoning its 10-month drive to cut interest rates as the country's economic recovery gathers pace. The policy reversal follows a series of better-than-expected first quarter economic
      Bloomberg  -  437 words
    • Article, Illustration
      Lock icon Indon reforms will go on, says IMF
      293 6 AFP (JAKARTA] IMF Asia-Pacific director Hubert Neiss yesterday expressed optimism that any new government after Indonesia's June 7 general election will continue the economic reform programme. "Whatever the new government will be, they will continue the basic (IMF) strategy," Mr Neiss told reporters
      AFP  -  293 words
    • Article
      Lock icon Indon jobless seen rising from 20m to 22m this year
      223 6 AFP [JAKARTA] The number of unemployed Indonesians in 1998 reached 20 million, and the figure could rise by another two million this year, Manpower Minister Fahmi Idris said yesterday. "In 1999, there is a high possibility that it will increase
      AFP  -  223 words
    • Article
      Lock icon Manila will tap market only to restructure debt
      156 6 Reuters [MANILA] The Philippines will not tap the overseas debt market again this year unless it is to restructure existing debt, Finance Secretary Edgardo Espiritu said yesterday. "In terms of cash requirements for the government, we are fully covered for 1999," Mr
      Reuters  -  156 words
    • Article, Illustration
      Lock icon Help for Thailand's earthly concerns
      83 6 [BANGKOK] Thai Buddhist monk. Pro. Maha Bait talking to the Governor of the Bank of Thailand, Chutumongol Sonakul, as he deposits gold at the bank yesterday. Pra Maha Bau's latest deposit of gold bar donations from his followers brought the total to 1.07 tonnes since
      REUTERS  -  83 words
    • Article
      Lock icon New data shows Viet economic downturn deepening
      432 6 Country's growth plans under threat: deputy premier AFP (HANOI] Vietnam's deputy prime minister Nguyen Tan Dung yesterday announced a raft of new data confirming that an economic downturn is deepening. Slack domestic demand, Calling exports and plunging foreign investment intensified in the first
      AFP  -  432 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Indonesia looks set to sell Telkom, Indosat shares
      475 7 JAKARTA Sale ahead of June polls will be boosted by recent market rally: analysts Bloomberg INDONESIA may sell shares in PT Telkom and PT Indosat within weeks, acting before June elections which could paralyse the nation's government, people familiar with the plan
      Bloomberg  -  475 words
    • Article, Illustration
      In what way can 'Khan solution' inspire investor confidence?
      671 7  -  ASUXfIBW There's talk that some countries want BL to rewrive disputes with STpore U tt expects loans By Yang Razali Kassim HERE we go again. Yet another controversy over Singapore's over-the-counter market called Clob International. With 170,000 shareholders caught in a
      671 words
    • Article
      Lock icon Anwar trial on June 7, judge issues gag order
      159 7 KUALA LUMPUR AFP A MALAYSIAN High Court judge yesterday issued a gag order and set June 7 as the date for the trial of ousted deputy premier Anwar Ibrahim for sodomy, only weeks after he was jailed for six years for
      AFP  -  159 words
    • Article
      Lock icon Govt may take over PAL: Estrada
      260 7 MANILA Move may saddle Manila with losses of 20m pesos a day Bloomberg PHILIPPINE President Joseph Estrada said for the first time that the government may take over Philippine Airlines Inc a move that could saddle the administration with losses of 20 million pesos
      Bloomberg  -  260 words
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      105 7 Risk. Covered by Allianz Group. Wherever you are. Whatever you i do.The Allianz Group is always on it i f o #t j your siae !o us 11 slv. m.m.iwimn! mr.tns thinking tin unthink.ihlt; to Is "i! p:vv rni risk fni ivi mvi into loss As ''Pi »»t 'hf u-oi
      105 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Hutchison, Cheung Kong seek to expand HK project
      249 8 HONGKONG Bloomberg CHEUNG Kong Holdings Ltd and Hutchison Whampoa Ltd, two of Hongkong's largest companies, are in talks with the government to boost the size of a suburban apartment development by 35 per cent, making the project more profitable. John Corrigall, Hongkong's
      Bloomberg  -  249 words
    • Article
      Lock icon Beijing denies minister offered to quit over WTO terms
      344 8 CHUM'S WTO ENTRY Reuters [BEIJING] Top officials at the Chinese ministry in charge of telecommunications yesterday denied a report that Wu Jichuan had offered to resign as minister over concessions made to get into the World Trade Organisation (WTO). "There's no
      Reuters  -  344 words
    • Article, Illustration
      Lock icon Remembering May 4, not forgetting June 4
      96 8 [HONGKONG] Pro-democracy activists demonstrating outside Xinhua News Agency, the de facto Chinese embassy in Hongkong yesterday, marking the 80th anniversary of the May 4 Movement. University students in the 1919 movement denounced Western imperialism and called for salvation through democracy and science. The
      REUTERS  -  96 words
    • Article
      Lock icon Many rural credit firms in China are broke
      322 8 BEIJING Paper cites messy management, loose supervision Reuters MANY of China's 44,000 rural credit cooperatives (RCC) are technically bankrupt as a result of weak management and a lack of a legal framework, the China Economic Times reported yesterday. Although the sector looked
      Reuters  -  322 words
    • Article
      Lock icon China to merge, close small investment funds: officials
      383 8 SHANGHAI Bat it'll be hard to complete overhaul by June next year Reuters CHINA plans to merge or close dozens of small investment funds in a bid to shake up a sector hobbled by unprofitable ventures, securities industry officials said yesterday. But
      Reuters  -  383 words
    • Article
      Lock icon Kowloon-Canton Railway Corp raising HK$25b
      453 8 HONGKONG KCRC going to int'l markets to fond expansion plans Reuters HONGKONG'S KowloonCanton Railway Cprp (KCRC) is putting together an ambitious borrowing programme to fund its expansion projects, a plan that involves tapping international markets for the first time. "Of the HK$25 billion (555.5 billion)
      Reuters  -  453 words
    • SINO Briefs
      • Article
        Lock icon HK property sales fail to pick up
        95 8 AFP [HONGKONG] Hongkong property transactkms felted to pick up in April, belying signs of improvement figures released yesterday showed. The Land Registry said it had received 9,918 sale and purchase agreements on residential and non-residential building units, a decrease of 4 per cent
        AFP  -  95 words
      • Article
        Lock icon Power firm to list 2.9b yuan debt
        70 8 Reuters [SHANGHAI] China's State Power Corp sakl yesterday it would list 2.91 billion yuan (***** million) in three-yea 1 corporate debt on the Shanghai stock exchange on Friday. The debt, carrying an annual coupon of 8.0 par cent, was issued to domestic institutions
        Reuters  -  70 words
      • Article
        Lock icon HK funds ses US$181m net inflow
        89 8 Bloomberg [HONGKONG] Mutual fends registered for sate in Hongkong reported* list US$lBl.l million inflow in March, the Hong Kong Investment Funds Association said. Total inflows for March were up 7.7 per cent from February, withtotal money into the Asia Pacific hinds registering a net
        Bloomberg  -  89 words
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      110 8 The Premier International Food Beverage Exhibition for Asia I- 4 June 1999, Singapore Expo For trade visitors only BAs a qualified trade visitor, please send me more information and a complimentary pre-registration ticket. 41 I am interested in exhibiting. Please contact me. Contact —era pra Job Title: Company: Company's Activity:
      110 words
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      Page 8 Advertisements Column 2
      146 8 FORD MOTOR CREMTCOMPANY Rsti NotM Due April 21,200S Common Cod* No: M ***** WN No_" U5346M7 RXM CUSIP No.: *****7 RX3 la accontaace with Hie terra* of die documents |o*emtn| ike shove-refer-enced Notts, aoooe is banty given thai the Interest Rale per aanura for the hM Period commencing April 28.
      146 words
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      4 8 ■ianheZaobao A Jw KUl]
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  • ASIA
    • Article, Illustration
      Lock icon Korea probes top five for aid to weak units
      580 9 Restructuring of chaebols very slow despite promises, says govt panel Bloomberg [SEOUL] South Korea said it will probe the nation's five largest business groups to determine whether financial ties between their units are delaying government-man-dated restructuring plans. The Fair Trade Commission
      Bloomberg  -  580 words
    • ASIA Notes
      • Article
        Lock icon Indian elections in Sept and Oct
        81 9 AFP [NEW DELHI] India will hold its third general election since 1996 in September and October, the autonomous Election Commission announced yesterday. "After deep deliberations the Election Commission has come to the unanimous view that in the given circumstances, the best possible timing for
        AFP  -  81 words
      • Article
        Lock icon Oil price rise jacks up India's import bill
        76 9 Reuters [BOMBAY] A strong rise in crude oil prices over the last two months could result in an increase in India's oil import bill of US$l2 billion (SH.7-3.4 billion) in 1999/2000, analysts said yesterday. A near 30 per cent increase in India's
        Reuters  -  76 words
      • Article
        Lock icon Aussie ban on big bank mergers must go
        68 9 AFX-Asia [SYDNEY] The federal government's existing "tour pillars" policy preventing mergers among Australia's big four banks cannot work over the long term, Australian Stock Exchange chairman Maurice Newman said. "We can no longer accept without question that a four pillars policy can
        AFX-Asia  -  68 words
      • Article
        Lock icon Cold noodles warm North-South ties
        67 9 Reuters [SEOUL] A North Korean restaurant famous &r its Co Id noodles has opened a branch hi Seoul, attr#ethtg>> hundreds of noodle lovers, in what is thought the first business partnership between the rivii]&Ore*o in the south. The restaurant which opened oc Monday serves up
        Reuters  -  67 words
      • Article
        Lock icon US$1b Japan aid for N Korean reactor
        45 9 AFP [TOKYO] Japan has inked a contract to provide US$l billion (Ssl.7 billion) toan interna^Q^^n^mmeto foreign ministry said yesterday. The contract was signed on Monday in New York with the Korean Peninsula Energy Development Organisation, it said. —AFP
        AFP  -  45 words
    • Article
      Lock icon Foreign funds head for India despite political woes
      390 9 BOMBAY Funds go bargain hunting as investors bail out of market Reuters FOREIGN funds have poured into India to buy selected shares despite growing political uncertainty, fund managers and analysts said yesterday. Bargains began to emerge last month as investors bailed out
      Reuters  -  390 words
    • Article
      Lock icon Obuchi urged to use all tools to revive economy
      390 9 WASHINGTON Bnt premier says Japan does not need more stimulus AFP US President Bill Clinton on Monday urged Japanese Prime Minister Keizo Obuchi to "use all available tools" to pull his country's battered economy out of recession as Mr Obuchi insisted
      AFP  -  390 words
    • Article
      Lock icon 30 chaebols hid losses by juggling accounts: report
      256 9 SEOUL Losses cnt by 30% on paper; loans 35% higher thai declared AFP SOUTH Korea's 30 biggest conglomerates hid about onethird of their losses last year by juggling balance sheets, a report said yesterday. The losses of the top firms, or chaebol,
      AFP  -  256 words
    • Article
      Lock icon Dacom shares plunge by maximum 15% limit
      302 9 SEOUL Bloomberg, Bridge, News DACOM Corp, South Korea's second-largest phone company, plunged by its maximum 15 per cent daily limit on speculation that LG Group had won a battle with Samsung Group for control of the firm. Dacom dropped to 93,500 won, the
      Bloomberg,; Bridge,; News  -  302 words
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      Page 9 Advertisements Column 1
      59 9 -f A The grass is always greener on the other side. With so many choice properties for sale in The Straits Times Classified daily, it's no wonder our readers are tempted to seek greener pastures. Advertise in the Properties section (Classifications 402 to 568). Call C.A.T.S. at 1800-737-1166. l CAT
      59 words
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      Page 9 Advertisements Column 2
      11 9 Bottom Lines US changes tack in dealing with Japan, Pg 11
      11 words
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      30 9 ,> V SINGAPORE ACCOUNTANCY ACADEMY V"- f.'\ Training Arm of the Institute of Certified Public Accountants of Singapore ...providing quality accountancy training sincc 1985 Diploma in TaxatioiWATTS^^^^ II Ej^SmB&IS9KpN en Bbbb^^BBE3IKBBBSS3BSSBBSSSSBESBSI
      30 words
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  • THE WORLD
    • Article
      Lock icon US March leading indicators up for sixth straight month
      498 10 WASHINGTON Research group says this indicates economy should grow at healthy pace Reuters, Bloomberg A MAJOR US economic forecasting gauge rose for a sixth straight month in March, signalling the economy should continue to grow at a healthy pace, a private
      Reuters,; Bloomberg  -  498 words
    • Article
      Lock icon Thailand's Supachai out of WTO race, diplomats told
      356 10 GENEVA Envoys meet to break deadlock over director general AFP, Reuters, Bloomberg WORLD Trade Organisation envoys meeting yesterday to sort out the quagmire over the selection of a new director general were told that Thai Deputy Premier Supachai Panitchpakdi was out of
      AFP,; Reuters,; Bloomberg  -  356 words
    • Article
      Lock icon Big 8 bourses to create pan-Europe exchange
      265 10 Bloomberg [MADRID] Europe's eight largest stock exchanges set aside their differences and said they agreed to work together to create a pan-Euro-pean equity trading platform to rival markets in the US and Asia. Meeting in Madrid, exchange representatives from London, Frankftirt, Paris, Madrid,
      Bloomberg  -  265 words
    • Article, Illustration
      Lock icon Euro's 9% decline not a concern, says Duisenberg
      350 10 WARSAW But ECB may intervene if fall is extended Bloomberg THE euro's 9 per cent fall against the dollar this year is not a concern, although the central bank may intervene in currency markets should the decline be extended, said European Central
      Bloomberg; FILE PHOTO  -  350 words
    • WORLD Watch
      • Article
        Lock icon Senate kills Kosovo ground troops move
        68 10 Reuters [WASHINGTON] The US Senate yesterday voted against a measure that would have given President Bill Clinton authority to use "all necessary force" in waging the military campaign in Kosovo. The Senate voted 78-22 to kill the resolution, which its sponsors said was intended
        Reuters  -  68 words
      • Article
        Lock icon Italian economy is in big trouble
        63 10 AFP (ROME] The Italian economy is in "big trouble", Prime Minister Massimo D'Alema said yesterday, but stressed that the strains affected the whole of Europe. He drew particular attention to problems arising from foreign competition, notably because the launch of the currency meant that
        AFP  -  63 words
      • Article
        Lock icon Worst over for UK manufacturers
        57 10 Reuters [LONDON] Britain's manufacturers are slowly pulling themselves out of recession as cost cutting and job shedding start to pay dividends, analysts said yesterday But with export markets still shaky, sterling still strong, and domestic demand sluggish, it is too soon to give the sector
        Reuters  -  57 words
      • Article
        Lock icon Another ECB rate cut unlikely
        48 10 Reuters [FRANKFURT] Another interest rate cut is likely to be fiar from the minds of members of the European Central Bank council when they meet tomorrow, 29 European economists said. Only four expect a farther monetary policy easing from the ECB this year.—Reuters
        Reuters  -  48 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
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  • EDITORIAL & OPINION
    • Article, Illustration
      US changes tack in dealing with Japan
      668 11  -  THE BOTTOM LDIB OPINION By, Leon Hadar The writer is BT's Washington correspondent VISITS by Japanese leaders to Washington, especially during President Clinton's six years in office, have been quite often opportunities for US officials and lawmakers to lecture their guests from Tokyo.
      668 words
    • Article
      IN OTHER WORDS
      180 11 The fact that lights went out across 70 per cent of the country shows that Nato has its finger on the light switch now. We can turn the power off whenever we need to and whenever we want to.' -Jamie Shea Nato spokesman, after an attack Yugoslavia's
      180 words
    • Article
      Stalemate in the Balkans
      573 11 EDITORIAL AS the US-led air offensive against Yugoslavia enters its sixth week, the conventional wisdom seems to be that the military offensive by the North Atlantic Treaty Organisation (Nato) that was aimed at ending the civil war in Kosovo has reached a stalemate. There seems to
      573 words
    • Article, Illustration
      Lock icon Asians reject American agenda for the ADB
      1323 11  -  Bnt US, Enrope&n ftffiritla tell Aritn Development Bank to toe Western line By t Anthony Rowley The writer is BT's Tokyo correspondent THE gloves came off at the Asian Development Bank (ADB) annual meeting in Manila as senior US Treasury official and acting
      FILE PHOTO  -  1,323 words
    • Article, Illustration
      Lock icon Does the world prefer greenbacks to gold?
      696 11  -  By. Floyd Norris The writer is a New York Times columnist NYT IS GOLD on its way to becoming just another commodity? The people who run the world's financial system are doing their best to secure that fate for the metal that once
      NYT  -  696 words
    • Article
      WHAT THE OTHERS SAY
      162 11 BUT* jvt ra< tte MTMT A MAN came up to me the other day and said that when he was growing up...kids, even those looking for trouble, had to go a long way to find it. The murders in Littleton, though, and the fact that one
      162 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Flood of 'Star Wars' products
      496 12 TRENDS With the new film, paraphernalia and ticket sales could hit USSIh this year AFP [LOS ANGELES] The latest wave in Star Wars toys flooded shelf space across the US on Monday, in a prelude to the merchandising frenzy set to surround the May 19
      AFP  -  496 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      421 12 Where to wine, dine and entertain..." @1 f_ c_. All the fresh oysters you can eat! Help yourself at our carving station then feast over a lavish buffet dinner complete with appetizers, salads, soup and tempting desserts. Complement your meal with a specially priced wine-by-the-glass. Dinner: Monday Friday jCflrpWjff Pn
      421 words
    • Advertisement
      Page 12 Advertisements Column 2
      198 12 K WaUraam Tfanring; AT THE NEPTUNE Set your nigbt on fire. Tango, Waltz, Cba Cba or Rock Roll every Wednesday nigbt as you dine our seafood servings with a complimentary glass of V\ of wine and stand a chance to win attractive prizes weekly. Every Wednesday, 7pm lam Pricing: $30
      198 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      1018 12 CRYPTIC CROSSWORD ACROSS ■■F 5 j 5 I J E j g p j g 1 Spread everywhere 10 Porcelain used for sauce? (9) io~ Hr; 11 Criticise cook before a fire IBMI 12 Breathtaking apparatus is popular and more healthy 12 j HHp Building prohibition going 4 round the
      1,018 words
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  • COMPANIES & MARKETS
    • Article
      Major developers pick up $605m worth of property
      885 13  -  Hong Leong group, DBS Land, Hwa Hong and MCL Land seal acquisitions Byy Corinne Kerk, Ang Wan May [SINGAPORE] A massive $605 million worth of property is changing hands under three separate deals, and the buyers are the Hong Leong group, DBS
      885 words
    • Article
      Property investment deals top $1b in four months
      383 13  -  Another $900 m on the cards; mere $400 m worth of deals last year By. Ang Wan May [SINGAPORE] Over a billion dollars in property investment deals have been sealed in the first four months of this year and at least another
      383 words
    • Article, Illustration
      Lock icon Deals, deals, deals
      310 13 Signed and sealed Compiled by BT JANUARY $118 million: Marco Polo buys 29 of the X units at Ardmore View Condominium. $63.5 million: Simon Cheong buys Ladyhill Hotel for redevelopment into a luxury condominium. FEBRUARY $218 million! GRA buys 22 condo units at Holland Hill Mansions. $121.9
      Compiled by BT  -  310 words
    • Article
      KepCorp to buy units' stakes in KIE for $60m
      271 13  -  By i Conrad Raj [SINGAPORE] In its latest effort to unwind the cross-hold-ings of its subsidiaries, Keppel Corporation will take over their stake in Keppel Integrated Engineering for some $60.4 million. An announcement yesterday said that Keppel Land, Keppel Fels and
      271 words
    • Article
      S'pore stocks: how things have changed
      721 13  -  HOCK LOCK SIEW Louis Beckerling EIGHT months ago to the day, the current stockmarket rally was conceived in an agony of uncertainty about what might follow. Yesterday, with the Straits Times Index back above 1,900, it was time for champagne and congratulations. An investment
      721 words
    • REGIONAL COMPANIES
      • Article
        Analysts upgrade SIA, raise earnings estimates
        743 14  -  Improving passenger loads, operating environment cited for better outlook By Conrad Raj [SINGAPORE] Things are beginning to look brighter for Singapore Airlines as passenger loads and the general operating environment improve. The improvements, especially in passenger load factors in the second half of the
        743 words
      • Article
        SES Hotel Index up 4% to highest level since Nov '97
        425 14  -  Players reacting to potential sale of ANA for condo project By i Carol Eng [SINGAPORE] Speculators poured into the usually-quiet hotel sector yesterday, causing the SES Hotel Index to surge to its highest level since November 1997. The 4
        425 words
      • Article
        Big savings from units' integration: Telekom
        277 14  -  From Diana Oon Abdullah m Kuala Lumpur TELEKOM Malaysia will reap substantial savings from the integration of its cellular network subsidiaries TM Touch and Mobikom —by the middle of next year, the company's chief executive Mohamed Said Mohamed Ali said yesterday. "There are significant
        277 words
      • Article, Illustration
        Lock icon Permasteelisa shoots up on buyback news
        398 14  -  Investors begin to notice connter as firm boosts profile By. David Boey [SINGAPORE] Building facade specialist Pennasteelisa Pacific Holdings shot up by as much as 21 per cent in the stock market yesterday following newspaper reports that it planned to buy back its "undervalued"
        Source: Bloomberg  -  398 words
      • Article
        Thai firm Indorama uses crisis time to expand overseas
        594 14  -  It buys Irish firm, becoming world's 2nd largest producer of worsted yarn From Harish Mehta in Bangkok INDORAMA Thailand, a relatively small and little-known Thai company, is bucking the trend at home by investing aggressively overseas and looking for a public
        594 words
      • Article
        Lock icon Sino Land plans to enhance asset base
        158 14 AFX-Asia [HONGKONG] Sino Land Co Ltd plans to enhance its asset base through the possible injection of chairman Robert Ng's family assets into the company, the Sing Too Daily reported. The report said Mr Ng told investment bankers recently that he plans to
        AFX-Asia  -  158 words
      • Article
        Lock icon MBf Cap losses jump 4-fold
        254 14 Bloomberg, AFX-Asia [KUALA LUMPUR] MBf Capital Bhd, whose finance company was taken over by the Malaysian central bank in January, said its 1998 loss widened four-fold, making it one of the biggest losses in the country. MBf Capital's loss increased to 2.24 billion Malaysian ringgit
        Bloomberg,; AFX-Asia  -  254 words
      • Article
        Group places EGM ad to seek removal of 4 Ipco directors
        291 14  -  Call for EGM signed by 4 parties owning about 10% of shares By, Audrey Tan [SINGAPORE] Some shareholders of mainboard-listed Ipco International yesterday called for an extraordinary general meeting (EGM) next month to remove four directors. The notice for
        291 words
      • Article
        Wing Tai sells 40 more Duchess Crest units left
        234 14  -  By Marissa Chew [SINGAPORE] Wing Tai Holdings yesterday said that it has sold 40 of the remaining 88 units at its Duchess Crest condo development, off Bukit Timah Road. Of the 40 units, 10 were sold to Winbest Investment, a company
        234 words
      • Article
        Osprey's credit rating downgraded 2 notches
        268 14  -  By. Annette Pau [SINGAPORE] Osprey Maritime's credit rating was yesterday downgraded two notches to 'B-' from 'B+' by credit rating agency Standard Poor's. The cut was due to concerns about its ability to refinance heavy debt obligations that are coming due and possible earnings
        268 words
      • COMPANY Briefs
        • Article
          JIT bags US contract
          54 14 [SINGAPORE] JIT Holdings has secured a contract from US-based Kulicke Sofia to manufacture upper and lower consoles of its ball bonding machines. The contract is expected to account for about 5 per cent of JITs current revenue. KAS is the world's leading maker of tools and
          54 words
        • Article
          Hong Leong Fin names GM
          74 14 [SINGAPORE] Hong Leong Finance has appointed Ong Lay Khiam its general manager, effective today, replacing Lim Peng Boon who becomes general manager (special duties) and the special assistant to group chairman and managing director in the finance group. Mr Ong served Tat Lee Bank/Keppel Tat
          74 words
        • Article
          Circuits Plus to place out new shares
          68 14 [SINGAPORE] Circuits Plus has proposed a placement exercise for 8.6 million new shares, or 10 per cent of its enlarged share capital, at 30 cents apiece through stockbrokers Kay Hlan. Proceeds of $2.58 million will be used to repay a term credit facility
          68 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Goldman shares soar 46% on first trading day
        574 15 It gets a bigger market value than Merrill as company ends 130-yr statns as a private firm Bloomberg [NEW YORK] Goldman Sachs Group stock rose as much as 46 per cent on its first day of trading, giving the 130-year-old investment bank
        Bloomberg  -  574 words
      • Article
        Lock icon Dutch firm Getronics to buy Wang Global
        244 15 Reuters [BILLERICA, Massachusetts] Computer support services provider Wang Global yesterday said it had agreed to be bought by Dutch information technology and engineering firm Getronics NV in a deal valued at US$2 billion (553.4 billion). Wang Global said Getronics was offering to buy
        Reuters  -  244 words
      • Article
        Lock icon Telecom Italia investors threaten to block merger
        229 15 Bloomberg Reuters [MlLAN] Five institutions that own Telecom Italia SpA savings shares have written to chief executive Franco Bernabe and other executives threatening to block the company's planned merger with Deutsche Telekom AG as well as a takeover by Olivetti SpA, saying their
        Bloomberg; Reuters  -  229 words
      • COMPANY Briefs
        • Article
          Lock icon Nod for Segate's stock repurchase plan
          50 15 Reuters fSCOTTS VALLEY, California] Seagate Technology Inc said yesterday its board of directors approved an increase in the company's stock repurchase programme of up to 25 million shares. As of May 3,1999, Seagate had repurchased nearly 30 million shares of its common stock. Reuters
          Reuters  -  50 words
        • Article
          Lock icon Foreigners keen on Daewoo Electronics
          54 15 Bloomberg [SEOUL] Daewoo Electronics Co said foreign investors are interested in buying it as Samsung Electronics Co's plans to acquire the consumer electronics maker stall. A spokesman named France's Thomson as one of the companies interested. Both Thomson Multimedia and defence-electronics maker Thomson-CSF denied holding
          Bloomberg  -  54 words
        • Article
          Lock icon Microsoft mulls new trading stock
          54 15 Reuters [NEW YORK] Microsoft Corp is considering creating a tracking Mock that would follow the performance of its Internet businesses, as well as any new cable operations, the Wall Street Journal reported yesterday. The new stock would also serve to separate the media business from
          Reuters  -  54 words
        • Article
          Lock icon Coke varies Orangina offer
          37 15 AFP [LONDON] The US Coca-Cola Company has varied its offer for the French Orangina soft drinks manufacturer, hoping to meet the conditions laid down by the French government, the Financial Times reported yesterday.
          AFP  -  37 words
      • Article, Illustration
        Lock icon MCI Worldcom may join Comcast in MediaOne bid
        540 15 Comcast is looking for partners to help it fight AT&T's offer NYT [NEW YORK] Setting the stage for a showdown between two of the United States' biggest communications companies, MCI WorldCom Inc is seriously considering joining Comcast Corp in its multibillion-dollar fight
        NYT; FILE PHOTOS  -  540 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Bankruptcy battle: Banks win in US Supreme Court
        477 16 Owners of insolvent firm shouldn't get exclusive right to buy into revamped business, says court Bloomberg [WASHINGTON] Banks and insurers won new leverage in bankruptcy proceedings, as the US Supreme Court said judges shouldn't give owners of an insolvent company an exclusive
        Bloomberg  -  477 words
      • Article
        Lock icon Westpac launches commodity futures index
        154 16 Bloomberg [SYDNEY] Westpac Banking Corp has launched a commodity price benchmark index basedion 11 futures contracts to provide a measure of commodity prices relevant to Australia. Australia, the world's biggest exporter of coal, iron ore and wool, relies on commodities for about 60 per cent
        Bloomberg  -  154 words
      • Article, Illustration
        Lock icon ASX chief queries Aussie bank merger ban
        358 16 He says govt unlikely to be able to oppose mergers in long term Reuters [SYDNEY] Australian Stock Exchange chairman Maurice Newman said yesterday that the federal government was unlikely to be able to sustain its opposition to mergers among the country's top four
        Reuters  -  358 words
      • Article
        Lock icon Dutch govt seen forcing ING and Fortis to accept offer for NIB
        369 16 Bloomberg [THE HAGUE] The Dutch government is trying to force ING Groep NV and Fortis to sell their stakes in Nationale Investeringsbank NV to the country's two largest pension funds by refusing to let them vote their shares
        Bloomberg  -  369 words
      • Article
        Lock icon SG Paribas may seek European partner: chief
        143 16 Reuters [PARIS] Paribas chairman Andre Levy-Lang said on Monday that it would make sense to look at development possibilities with a European group after a planned merger with Societe Generate. Mr Levy-Lang again criticised the double-bid by BNP for both Paribas and SocGen.
        Reuters  -  143 words
      • SMALL Change
        • Article
          Lock icon UAE businessman leaves US$130m debt
          125 16 AFP [DUBAI] The United Arab Emirates central bank yesterday played down fears ofa banking crisis after a businessman left the country with unpaid debts of at least US$l3O million (Ss22l million). It said the feared losses of banks were fully covered by assets. The Patil
          AFP  -  125 words
        • Article
          Lock icon Daewoo Sec denies plans to sell stake
          74 16 Bloomberg [SEOUL] Daewoo Securities, South Korea's largest brokerage, said it has no plans to sell an equity stake. Daewoo Securities shares rose 13.64 per cent to 32J500, after a local newspaper reported Goldman Sachs Group bought more than one million shares in the
          Bloomberg  -  74 words
        • Article
          Lock icon Manila's RCBC mulls tie-up with Sanwa
          84 16 AFX-Asia [MANILA] Rizal Commercial Banking Corp is considering an alliance with Sanwa Bank Ltd to bolster its bid to acquire 72 per cent of Philippine Commercial International Bank, RCBC president Francisco Diaon said. Sanwa Bank owns almost 63 per cent of RCBCs class B
          AFX-Asia  -  84 words
        • Article
          Lock icon AIG in Israeli venture capital fund
          53 16 Bloomberg [TEL AVIV] American International Group invested US$4O million (Ss6B million) in a new Israeli venture capital ftmd for Internet and computer software start-upe. The investment gives AIG Capital Partners a management role in the AIG Orion Fund, which has raised US$75 million to
          Bloomberg  -  53 words
      • Article
        Economists' reports boost futures
        157 17  -  SBBSLReports Tutor Edward Cheung, Jardine Fleming THE MSCI Singapore Index yesterday opened sharply higher in the morning after the Dow Jones powered to a new record close above the 11,000 mark. The market was boosted by economists' reports from CSFB and Vicker Ballas stating that Singapore's
        157 words
      • Article
        Futures post biggest one-day rise since April
        195 17  -  MSCI Taiwan tatnres Cecilia-Ann Loh Refco Singapore THE Simex MSCI Taiwan Stock Index futures yesterday posted its biggest one-day gain since last month. The May and June '99 contract rose 11.8 points and 12.5 points respectively in correlation to the Taiwan Stock Index,
        195 words
      • Article
        Lock icon Oil prices hit new highs on optimism that Opec cuts are eroding stocks
        308 17 ENERGY REPORT Reuters [LONDON] Oil's price surge hit new highs yesterday, reaching levels not seen since the end of 1997 amid continued optimism that Opec cutbacks are eroding stockpiles. London futures for international benchmark Brent crude climbed
        Reuters  -  308 words
      • Article
        Lock icon CURRENCY REPORT
        310 17 Reuters London THE dollar set three-week highs against the yen in Europe yesterday on speculation Japan would not be offering extra economic stimulus measures and amid expectations that capital outflows from Japan were on the way. Analysts said disappointment after Japan's Prime Minister Keizo Obuchi told the United
        Reuters  -  310 words
      • Article, Illustration
        Untitled
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        1,015 words
      • Article
        Untitled
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        1,507 words
    • Article, Illustration
      Lock icon HONGKONG
      1359 18 AFP Hang Seng ♦22K8 HONGKONG share prices surged 1.7 per cent yesterday after Wall Street pierced through the 11,000-point level for the first time, dealers said. "It's mainly on the back of the US market," said Howard Gorges, vice-president of South China Brokerage, adding that "the market looks pretty
      AFP  -  1,359 words
    • Article
      WORLD STOCK MARKETS
      1996 18 MutrMs Hmt *f31 Group 6.91 0.17 A 8 Foods 4.60 0.03 A Ports 281 uncti ADM Zurich 8J1 -0.19 Anglo Americen GoM 43.00 -0.01 ASOA Group 2.06 -0.02 Bank of Scotland 9.34 0.04 Barclay* 19.73 -0.01 Bass 9.58 -0.20 BG 3.58 0.10 BICC 0.99 -0.06 Blue Circle
      1,996 words
    • Article, Illustration
      Lock icon CHINA
      472 18 Reuters FlShaahiß Index -MLB4 SHENZHEN'S hard currency B shares ended with solid gains yesterday as firms which reported good 1998 profits led a rebound from recent lows, but turnover was low as institutions kept to the sidelines. The B share index climbed 0.84 points to 56.19 on turnover of
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  472 words
    • Article
      Lock icon TAIPEI
      331 18 AFP HwPMex +***** TAIWAN share prices soared 2.8 per cent yesterday to reclaim the psychological 7,500point level, buoyed by an overnight rally on Wall Street, dealers said. "The stock market rallied after the Dow Jones index hit a record high level," said Francis Tu, head of research at First
      AFP  -  331 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Market soars 3% on institutional buying
        308 19 AFP El Composite Indg ♦20J6 MALAYSIA'S key stock index surged 3 per cent yesterday spurred by institutional support on the back of a stronger Wall Street and regional bourses, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 20.35 points to finish at
        AFP  -  308 words
      • Article
        Untitled
        6502 19 Cmsmmt prefects t** v«i My Nat Cap HN» La. Oa».»y 'A •OOP MWl law P/t t— 2 S 5 300 282 16.6 1216 f S 2 S ng 1 14 775 fc T 9 aS SaaS 52 «2 s V €5 il£« «?ft 4 230 216 210 12.9 176.0 'S?
        6,502 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2124 20 BONDS, LOANS i WAMANTS I' 52 *r« Last vol Day Last Ousts a «q High Low Stns Company Sals *ar- COOO) High Low Buyf Satlar Prtcs 23 3 s 3160 "Acsf ******1USS 20.5 unch 326 21.5 20 20 21 34 4.5 s 3164 Acma ******4 29.5 -2.5 2328 34 29
        2,124 words
      • Article
        OCBC Fin wrt banking on expiry extension
        188 20  -  WARRANT WATCH -By R Sivanithy THE banking and finance sector has been the focus for a few days now and some of the warrants in this sector have racked up massive gains in that time. One interesting possibility to consider is OCBC Finance
        188 words
      • Article
        CLOB INTERNATIONAL
        216 20 Or Or y On LaatOuata Mi Mi YD Mt MCw ►Ugh L— Stno Company Sata rOOO) High Law fciyar SaKar Cw W $w« 345 173 5123 CDL(2000) HK 320 Cd unch 4 320 320 310 320 8 2 4 2 5 16.4 6195.7 5124 Cathay Pac20cHK_720 265 2.1
        216 words
      • Article
        Lock icon WELLINGTON
        282 20 AFP FlWeflmrton +&I 3 NEW Zealand shares shook off initial euphoria over Wall Street's record close to end only slightly higher yesterday. The NZSE-40 Capital Index closed up 9.63 points at 2,266.90 after reaching a session high of 2,287.04 on turnover of NZ$Bl million. —AFP m* i r— Advantage
        AFP  -  282 words
      • Article, Illustration
        Lock icon BANGKOK
        882 20 AFP SET Intel *414 THAI shares crashed through the 500-point barrier yesterday, soaring 10.1 per cent in big volume to close at a 13month high on the back o( a ratings upgrade from Moody's Investors Service, dealers said. Analysts said regional sentiment based on Wall Street's bull run also
        AFP  -  882 words
      • Article
        Lock icon SEOUL
        372 20 AFP W Composite lain *1414 SOUTH Korean shares closed 1.9 per cent higher yesterday on active buying triggered by Wall Street's overnight gains and an easing of concerns over government intervention to cool the market, dealers said. "Gains were across the board," a local dealer said. "Adding to the
        AFP  -  372 words
      • Article
        Lock icon SYDNEY
        642 20 AFP QAnOrfkiriM *%A AUSTRALIAN share prices rose 0.3 per cent yesterday as soaring resource stocks helped offset an industrial sector that ignored a record close on Wall Street, brokers said. The All Ordinaries ended 9.4 points firmer at 3,083.90. The All Industrials closed down 9.3 points at 5,382.40. The
        AFP  -  642 words
      • Article, Illustration
        Lock icon JAKARTA
        668 20 AFP POomDOfifa Mg *2188 INDONESIAN share prices closed 4.8 per cent higher yesterday, but off their highs, in heavy trade amid strong interest from both foreign and local investors, dealers said. "It is clear that only foreign investors can afford to buy big stocks at the current prices that's
        AFP  -  668 words
      • Article
        Lock icon MANILA
        329 20 AFP PI Manila +18J PHILIPPINE share prices closed 0.7 per cent higher yesterday due to expectations of favourable economic figures, analysts said. The Composite Index rose 18.1 points to 2,464.84 points. Volume rose to 1.77 billion shares worth 3.47 billion pesos from 1.07 billion shares worth 5.03 billion pesos
        AFP  -  329 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6911 21 Transaction date: May 4 Cr Or M Wt 52-Wfc Last Vat Day Last Ouota Dlv Dlv Yld Nat Cap An HigA Low St No Company Sala COOP) High Law Buyar Sailor C'vr H WIT. Sma Prtta MULTV MMI1TVY 122 17.5 m b 1000 Acma
      6,911 words
    • Article
      SESDAQ
      1377 21 6* Or H tt 52W v* Day Lot Ouota Otv Mv YM Nat Cap Avg Hlgli Laar «W Campawy «1» fOOO) Hmi Law Owyar Wir Cw P/t tmm Prtca MMWFACTURMO '15. 22 e U SAuto1 SS 4 3226 119 112 n < "5 t5N T U 10.8 130.2 114
      1,377 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        393 22 Stacks Volume IPCCorpn5c 30,578,000 Liwi B«ng 5c 30,074,000 Afflara Hldgs Ltd 21,608,000 Heshe Hldgs25c 20,075,000 Inno-Pac 20c 19,014,000 KepTatLee Bk DBS WOO 16,075,000 Samudera 10c 16,067,000 Wing RCPS5.25 16,000,000 Hotel Prop 15,362,000 STEngglOc 14,545,000 Stacks OCBC Foreign 84,874,572 KepTatLee Bank 45,776,795 DBS Foreign 42,794,462 KeppelCorp 41,526,708 SIA Foreign 39,127,580 PacfflcCentury
        393 words
      • Article, Illustration
        Action-packed day lifts STI to near two-year high
        623 22  -  STOCK MARKET COMMENTARY Index clears 1,900 as 3-month interbank rates fall below 1% and Dow pierces 11,000; region also sees baying waves By R Sivanithy IT was an action-packed and eventful session in the local stock market yesterday as traders continued to
        623 words
      • ON THE GRAPEVINE
        • Article
          Year place or mine?
          94 22 THE Young Entrepreneurs Organisation, that exclusive club for young business people who run companies worth more than $1 million, will be holding a four-day conference in Australia's Gold Coast. Among the highlights of the conference are talks by "great speakers" such as the premier of the
          94 words
        • Article
          The new 'in' place
          148 22 IT looks like the latest "In" place in town is the new peranakan restaurant that has replaced the old Drake restaurant at the Hotel Negara in Claymore Road. One day last week, the list of diners at the restaurant read like a Who's Who in Singapore.
          148 words
        • Article
          Getting back basics
          87 22 BESIDES looking for data issued by central banks and government agencies, some economists track less obvious signs for a clue on where the economy is heading. For London-based American Express Bank economist John Calvertey, one indicator that things are finally looking good for Thailand is a pick-up
          87 words
        • Article
          Sex addiction of CEOs
          107 22 NO fewer than five programmes for sex addicts are now operating in the US, reports Fortune magazine. One person in the US, with the job title of "clinical director of sexual disorder services", said most of his patients were CEOs or doctors or lawyers. He said
          107 words
      • Article, Illustration
        HOT STOCK
        63 22  -  By Wong Wei Kong IPC shares closed up 1.5 cents at $0.14 on a volume of 30.6 million shares, compared with its 10-day traded average of 21.7 million units. The technical indicators such as the RSI, Stochastics and MACD charts suggest that there may be more upside in
        63 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      37 13 AM. shifts foeus White it has been known primarily as a container shipping line, APL has jumped headlong into the logistics bandwagon with an ambitious plan to offer tailor-made door-to-door solutions to clients, Shipping Times Pago 1
      37 words
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      Page 13 Advertisements Column 2
      489 13 Keppel FELS Limited (Incorporated in the Republic of Singapore) (Formerly known as Far East Levingston Shipbuilding Limited) Notice to holders of the U*****,000,000 principal amount of 1.5 per cent, unsecured convertible bonds due 2001 of KEPPEL FELS LIMITED (the "KFL Bonds") This notice is given pursuant to the Circular dated
      489 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      95 15 ALI-GREEN^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 1999.
      95 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      172 16 ■fe'-i :f f 1\ r lK?w^^E^EtfH!V^B4^E^^^l -»JB^^lW^^vk flr r m-^^BH^Hh\» LI |M|T k i^ ft 0/LJtdi K RANGER Cft IJ^H .>jNt BBS?: *--«^EJBiIHI^HBHII^^HH| Step out witk your colleagues at Singapore s Biggest diking Event an Win! time ,s stor f H r V° u and your colleagues at The New
      172 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      106 18 NOTICE IS HEREBY GIVEN that I, GOH SOONTIONG of Blk 387,Tampines St 32, *02-83 Singapore *****7, have applied for a Retail Liquor Shop Licence, in respect of M/s Eric's Wine Mart located at 520, *01-01 East Coast Road, Ocean Park, Oranda Block Singapore *****5, and that this application will be
      106 words
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      Page 18 Advertisements Column 2
      107 18 NOTICE IS HEREBY GIVEN that I, ANDREW NG HUNG WENG of Blk 166, Bishan St 13, *03-228, Singapore *****6, have applied for a 2nd Class Public House licence in respect of M/s Kibbutz Cafe located at 25 Church St, *01-04 Capital Square Three Singapore *****2, and that this application will
      107 words
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      Page 18 Advertisements Column 3
      204 18 NOTICE SINGAPORE PROGRESS FUND NOTICE IS HEREBY GIVEN THAT A MEETING OF THE REGISTERED HOLDERS OF SINGAPORE PROGRESS FUND ("the Fund") will be held at FURAMA HOTEL SINGAPORE, 4th Level, 60 Eu Tong Sen Street, Singapore *****4 on FRIDAY 25 JUNE, 1999 at 3:00 P.M. to consider, if thought fit
      204 words
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      Page 18 Advertisements Column 4
      110 18 NOTICE IS HEREBY GIVEN that, I, Lee Thian Soon of Blk 714 Woodlands Drive 70, #07-164, Singapore *****4, have applied for a Retail Liquor Shop in respect of M/s EN Hockhua Ginseng Birdnest Trading Enterprise located at Blk 682 Hougang Ave 4, #01-366, Singapore *****2, and that this application will
      110 words
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      Page 19 Advertisements Column 1
      101 19 NOTICE IS HEREBY GIVEN that I, CHUA HWEE KEONG of BQc 102, Bukit Purmci *06-80 Singapore *****2, have applied for a First Class Public House Licence in respect of M/s Club-V located at 150 Orchard Plaza *01-31/32/33 Singapore *****1, and that this application will be considered by the Liquors Licensing
      101 words
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      Page 19 Advertisements Column 2
      5 19 Strait Talk THEBUHNESSTOIES Shipping Times
      5 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      101 20 NOTICE IS HEREBY GIVEN that I, LEE CHEE KEONG of 120, Bedok Reservoir Rd #04-172 Singapore *****0, have applied for a Beer House First Class Licence •in respect of M/s Mabuhay Trading located at 82-84 Neil Road, Singapore *****4, and that this application will be considered by the Liquors Licensing
      101 words
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      Page 20 Advertisements Column 2
      102 20 NOTICE IS HEREBY GIVEN that I, ARUMUGAM SATHGURU of Blk 15, #03-23, Ghim Moh Road Singapore *****5, have applied for a Retail Liquor Shop Licence in respect of M/s Grace Super Minimart located at Blk 42, #01-01, Cambridge Road, Singapore *****2, and that this application will be considered by the
      102 words
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      Page 20 Advertisements Column 3
      106 20 NOTICE IS HEREBY GIVEN that I, CHUNG SIEW LEE GEORGINA of 250 Kim Keat Link #13-97 Singapore *****0, have applied for a Public House, 2nd Class Licence in respect of M/s Woofworks Gallery located at 11 Unity Street, *01-06 Robertson Walk Singapore *****5, and that this application will be considered
      106 words
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      Page 20 Advertisements Column 4
      101 20 NOTICE IS HEREBY GIVEN that I, SHAH DIMPLE JAYAKANT of 49A Lorong L Telok Kurau Singapore *****4, have appUed for a Retail Liquor Shop Licence in respect of M/s Agni Wines Enterprises located at 14 Belilios Lane Singapore *****8, and that this application will be considered by the Liquors Licensing
      101 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      54 21 Citibank Margin Trading Account Trade up to 2.5 tilllCS your share value or withdraw CASH on it. Call 339-7126 now. the citi never sleeps I' i•' li« s 11 sli•iil i> ii ,i x 2»i N (i i,ii, 21 Ihi" ii I .I*l s l I »"«.iilil».iii k i ii
      54 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      989 22 Short of cash to invest? Thple your cash with our Margin Financing! Call DBS Investor Online at 438-1188 today. DBS BANK jEOTICES tq advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOTICE IS HEREBY GIVEN that I, ANNIE YEO HOCK CHOO of Blk 110, Bukit Purmei Road #03-170 Singapore
      989 words
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      Page 22 Advertisements Column 2
      781 22 T IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (In Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of Guillemard Investment Pte Ltd, duly held and convened at 89, Short Street #09-11 Singapore *****6 on 30th April 1999 the
      781 words
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  • SHIPPING TIMES
    • Article, Illustration
      APL shifts focus to providing customised logistics solutions
      545 23  -  NOL arm plans to intensify efforts to offer door-to-door services to multi-nationals By] Felix Chan [SINGAPORE] While it has been known primarily as a container shipping line, APL has jumped headlong into the logistics bandwagon with an ambitious plan to offer tailormade
      545 words
    • Article
      MARITIME STOCKS
      258 23 m* CWT OmrthUhiii _0.aa unch 252 ChuanHap 1.00 0.03 2029 CMC* Invwtnwnt—L04 0.01 602 rrtfaMLMa 028 -0.01 ***** MMlMngs 0.63 -0.01 44* Hat Sun Hup !—0.70 OOI 2621 MCHMngHM —5.60 und) 0 JuromSNwtrt 7.15 OJO 3*2 K*P9*I Corp. S.15 0.T7 *110 KappalFELS 4Ji 0.04 1743 Kapp*4 Marina 2.08
      258 words
    • Article, Illustration
      Lock icon Daily traffic at Panama
      80 23 [PANAMA CANAL] Ships travel through the Panama Canal from the Pacific Ocean side towards the Miraflores Lock Ships carrying cargo or passengers pay an average of U5543,000 (5573,100) to use the 80-km long canal. According to Panama Canal representatives, an average of 38 ships pass through
      AFP  -  80 words
    • Article
      New figures highlight role of age, flag in ship losses
      759 23  -  STRAIT TALK By\ Seafarer EVERY year at about this time, for as long as most people involved in shipping can remember, the Institute of London Underwriters (ILU) comes out with Its annual loss figures. This year is different. The ILU
      759 words
    • Article
      Lock icon Johor grain terminal expects more cargo in '99
      322 23 Bernama [JOHOR BARU] Pasir Gudang Grain Terminal Sdn Bhd (PGGT), a warehouse operator dealing in various types of dry edible products, is optimistic of handling more cargo this year. Since its operations in September last year, PGGT has been experiencing moderate growth
      Bernama  -  322 words
    • Article
      Lock icon India shipping firm to spin off property division
      154 23 Bloomberg [BOMBAY] India's Great Eastern Shipping Co said it will spin off its property division into a new company, as it aims to concentrate on its main shipping and offshore businesses. The company's shareholders will get one share in the new property
      Bloomberg  -  154 words
    • PORT Shots
      • Article
        Lock icon Fire-damaged tanker towed to Greece
        85 23 Reuters [LONDON] The empty Maltese-flag tanker Efidnos Portos, damaged by Are off the coast of Cyprus, was towed to Greece yesterday, Lloyds Shipping Intelligence service said. The blaze, which began in the vessel's engine room late last Wednesday, was finally extinguished on Sunday. Operations are
        Reuters  -  85 words
      • Article
        Lock icon MISC orders two LNG tankers
        60 23 Reuters [KUALA LUMPUR] Malaysia International Shipping Corp Bhd (MISC) said that it has placed an order for two liquefied natural gas (LNG) tankers and has options to acquire four more. MISC chairman Hassan Marican told reporters after the company's annual general meeting last week that
        Reuters  -  60 words
      • Article
        ITF slams Serbia
        95 23 [LONDON] The International Transport Workers' Federation's executive board, meeting in London on last week, issued a statement which alammori the Yugoslav government but also drew attention to the plight of Montenegran seafarers and to workers affected by the closure of the Danube due the bridges In Serbia
        95 words
      • Article
        Teconar upgrades service
        81 23 [LONDON] Tecomar is upgrading Its transatlantic North Europe service to offer two sailings a week between Mexico, the US Gulf, the US East Coast and Northern Europe. The line is pert of Americana Ships, a newly formed management company running the US Gulf-Mediterranean services of TMM lines,
        81 words
    • Article, Illustration
      Lock icon Ban on hush-kits put off
      843 24 EU FLIGHT LAWS ON NOISE Europeans delay for a year plan to ban engine mufflers on planes from operating in Europe to defuse trade spat Bloomberg [BRUSSELS] THE European Union (EU), seeking to defuse a series of trade disputes with the United States, postponed for
      Bloomberg; FILE PHOTO  -  843 words
    • Article
      SHIPPING SCHEDULES INDEX
      297 24 PACE Frota 12 ANL 3 Frt Links 14 Accord 8 G Lin* 4 Ahrenliiel 14 Genwrtrans 6 AASCO 12 Gensftpg 14 Appenship 5 Glory Hav 14 AsiaOCL 5 H *S«»«UP Austral 8 7 Avant 14 3 Btang Mas 8 eu *5 A BSA 7 '3 BTL 14
      297 words
    • Article
      SHIPPING GUIDE
      20484 31 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Oest'n Name Name Number Number SIN Destn Name Name Number Number To ADELAIDE (ADL) 2007 Australia To CALCUTTA (CCU) 2062 India 14/05 04/06 Djak Lloyd KASUGAI I9S 45-*****7 12/05 18/05 Samudera STAR ISLAND
      20,484 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        838 37 Vessel Voy No Berth Arrival Departure As**r»iprass 902* J05 irongs** 05 05/0700 Ayutx* 139-Hw JOS UonqiKM 0405/1500 6*tuikin 036 J23 itongvd* 05.05/T700 Bt Citr*<J*y* *****9 JO! HoMfixH 04 05/2359 Bt Km IWi M*y4 J01 tlongsidt 04.05/1930 M L«t*n I *****9 J01 HooqwK 05 05/0600 Bt*nGt6S7 *****9 J01 alongside
        838 words
      • Article
        CONTAINER SCHEDULES
        1828 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklnq/BaUnc* Rstls SWp Voy No Etb/Btr Ptrtod From To Fro* Aci MUX ooat 07/0700 U 04/1500 04/1659 04/1900 W 04/1500 ov*» 04/1900 2A 04/1700 04/0459 05/0900 21 04/1700 05/0659 05/0400 I 05/0700 05/1159 05/V400 4 05/1200 05/1459 05/1700 MM* II2
        1,828 words
      • Article
        GLOBAL HOLIDAYS
        192 37 May S 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.
        192 words
      • Article
        COCKETT BUNKER MARKET REPORT
        793 37 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem. Market movements are Indicated. The Cockett Bunker Price Index change and the Individual
        793 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        429 37 Carbon 180 Max 995.1 0.9 19.8 0.10 66 0.09 Afr 29 Density Water Residue Ash Aluminium Sediment No above £25 1 0 10 0 0 0 380 Ave 987.4 0.4 13.4 0.07 36 0.02 Uiw 380 Mai 991.7 L8 19.5 0.09 58 0.04 «Ari »v/v »«/m
        429 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon JAL's top shareholder renews demand for senior execs to resign
        314 38 Bloomberg [NEW YORK] Japan Airlines Co's largest shareholder re-it-erated his caU for senior management at Asia's largest carrier to resign because of unprofitable investments and links to mobsters. Eitaro Itoyama, who owns 60 mUlion shares, or 3.4 per cent, also
        Bloomberg  -  314 words
      • Article, Illustration
        Lock icon Mishap-prone German rail
        72 38 [SCHWERTE, Germany] Rail workers remove the wreckage of two freight trains which collided near the town of Schwerte early on Monday. Nobody was injured, but the accident is the latest in a series of mishaps for the German railway network Deutsche Bahn, which suffered its worst ever
        REUTERS  -  72 words
      • Article
        Lock icon India's Sahara Air out to grab share of market
        314 38 Reuters [NEW DELHI] India's smallest domestic airline, Sahara Airlines, is trying to grab market share from its bigger rivals with an aggressive pricing strategy. "We want to make it look like a value-for-money people's airline. That is what we want to
        Reuters  -  314 words
      • Article, Illustration
        Lock icon US calls for upgrade of aircraft flight recorders
        603 38 Aviation agency wants equipment on board to provide better information after accidents The Washington Post [WASHINGTON] The Federal Aviation Administration, responding to pressure from federal safety officials, announced that it will require a major upgrade of aircraft flight data recorders and cockpit
        The Washington Post; FILE PHOTO  -  603 words
      • Article
        Lock icon Northwest Air fined for hazardous shipments
        168 38 Bloomberg [WASHINGTON] Northwest Airlines Corp, the fourthlargest US airline, was hit with a proposed US$9O,OOO (*****,000) civil penalty for shipping hazardous materials in violation of federal law, the US Federal Aviation Administration said. The agency cited the carri- er for a November incident in
        Bloomberg  -  168 words
      • Article
        Lock icon Korean Air reshuffles top ranks to improve safety
        435 38 Reuters (SEOUL) South Korea's national carrier Korean Air Lines Co Ltd said yesterday it had reshuffled 25 executives in its latest move to improve its safety record. Korean Air, whose frequency of accidents led to the resignation of owner-presi-dent Cho Yang Ho
        Reuters  -  435 words
      • Article
        Lock icon Manila reviewing open skies polity in bid to help PAL
        434 38 Policy to blame for Philippine carrier's losses Estrada AFP [MANILA] The Philippines is reviewing its commitment to an "open skies" policy as part of measures aimed at salvaging debt-laden Philippine Airlines (PAL), President Joseph Estrada said. "I have ordered my
        AFP  -  434 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1712 38 ott rutwT tu fuatr ctd soaw zaw UMM« **8230 WOO WEH MM WK $0990 0W5 1900 6—H—MC CZ3S 2045 C2352 0035 ***** W0 Haaot **741 UK VW7« 0905 kmtitrim KL843 0435 HUM 2300 SOI75 1830 S0176 1405 S023 0705 **740 MM °0£. H«t Vai MI891 mo
        1,712 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      32 23 EUbanon hush-kits put off forayear Europeans delay plan to ban engine mufflers on planes from operating in Europe to defuse trade spat. Page 2 ♦He freight market report was not available yesterday
      32 words
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      Page 23 Advertisements Column 2
      185 23 US calls for upgrade of aircraft flight recorders Aviation agency wants equipment on board to provide better information after accidents. Back Page travels fast l\ Sl\< i \|M I when \ou w;inl In i e.ich oui lo a select Uui!cl .uidience id ilk' ir.nispoi i ;nul logins imliisli onl\ oik'
      185 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      887 24 I NORTH AMERICA ~~l I EXPORT I I OTHER DESTINATIONS ~l j 3SX SUPER BHUTTUE EXPRESS DIRECT TO LA WOT COAST Of CENTRAL Mt&VGA (MARGARITA BERVICg) 1 wt mat |ma umhkm muas Houston cmcmo wwran ■racoon msa I vor |aw i|»taiTTu| ifiimt I X 22 S 55 lift Si Zfc
      887 words
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      Page 24 Advertisements Column 2
      76 24 SANKYU (S) PTE LTD I 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN PORTS Nona Kong fc All Chtnm Port. tIYIHY TMim a VOY ETD9N ETATYO ETA KOI ETA YOK MED TAICHUWG V-lOm WMAY l/MAY IBMAY 19MAT I VO/LAI6 II
      76 words
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      Page 24 Advertisements Column 3
      765 24 Unee services represented [|ABn;] by Members of the Registry ol wIBPW Shipping Agenu. xaiy Singapore Shipping Aaeooabon Members of the Sin ga po, J^2J2 3,, aK>efS SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES SINGAPORE to BATAM, BINTAN, KARIMUN my Xi SINGAPORE to BANGKAISUND A y aß SINGAPORE to CILEGON Tnc
      765 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      1141 25 TO EUROPE FROM EUROPE rasa vot iimiMiHMiiwsoiimiai vissa yormiiWHWWYMum in sin MOHOUTI 013W 07/05 23/05 25/05 2«/05 29/05 EUt 5521 17/04 14/04 15/04 12/04 04/05 HY EMPfROfi 31«W 10/05 27/05 29/05 01/06 26/05 HY DUKI 317! 15/04 17/04 20/04 14/04 01/05 NOL AMA2ONITE 022W 13/05 05/06 02/06 03/06 31/05 RHM
      1,141 words
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      Page 25 Advertisements Column 2
      40 25 CONTAINER SERVICE S'PORE/ JAKARTA/SEMARANG/SURABAYA VESSELVOY STORE JAKARTA SEMARANG SURABAYA PERMAI I 0434-434 10/05 12/05 14/05 PERMAI *****-435 17/05 19/05 21/05 PER MAI *****-436 24/05 26*05 2&05 PERMAIIIOO3O-030 12AJ5 15/05 PERMAIIIOO3I-031 19*05 22/05 PERMAI *****2-032 26/05 2905 PERMAI *****3-033 02/06 OM*
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      Page 25 Advertisements Column 3
      2096 25 ®HANJIN SHIPPING IiCF 1 -Hm *****30 HAMJIN SHIPPING (S) PTC LTD hit; //m hay* am WO*W6 *****35 237 SALES *****24 731 DOGJMfKT *****71 774 OftUDOK *****50-7 SI MAIM UM *****55 Ml *****60 910 **********0 M TO NW USA CANADA USA fAHAPiA* for vsi/vot j ram |sm imhaul/vot »T~j nw mTT~pd*
      2,096 words
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      Page 25 Advertisements Column 4
      467 25 FULLY COMTAIMHIIIP HPICATBP lUVICII vcsa m_ jm_ re dot sw m m. us» wis IWI 5 I 1 JSk In^lUl nims UTCHONHOM 90*S 02/05 04/05 90*1 05/05 09/05 11/05 13/05 14/05 j j Oj.T)S j 04/05 MITCPUSAI 904S 07/05 14/05 lt/05 11/P5 19/05 Stf tmiMC NoA 1 I Hffi I
      467 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      1709 26 DSRSENATOR UNES TO UK/CONTINENT TO MEDITCRRANEANCANADA «a I <0T ISI I LBt I HTM |MB HAW |OWV FU~| ttSSH |WT tm HT IK fQt I W.C MTU HUIX SELENE WQ69 02 05 24 06 25 OS 22 .00 B H 25 06 MM SNA WMCI M K 23 06 25
      1,709 words
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      Page 26 Advertisements Column 2
      863 26 WLAm MAC-NELS S PORE M'SIA Carrier Ml CON IK LINES, MC p. gudang: (w> *****26 l-JW J QRWklMnaoOOOl SBU: (004)*****0 MAfiLA: (632) *****24 PENANG: (04)*****36 BANGKOK: (662)*****67 SURABAYA: (31)*****0 P. KELANG: (03) *****77 JKT (21) *****07 MDN: (61) *****3 KUCHXQ (062) *****1-3 CALCUTTA MADRAS MV "ORAM BREEZE" V.915N MV "SEA
      863 words
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      Page 26 Advertisements Column 3
      485 26 LINE Br jA TIL MM4M HUb MMIII 1 MUABA j 1 LABUAM vnsa m nt eu rasa vot eto ru SPOtE MUMU STOW LM CAAAUK332 VHK/W 07/05 10/05 CAAAAA *337 Vl«/W 07/05 11/05 JWOSPH VIK/W U/05 14/05 JHOSPB VI 01/W 11/05 15/05 CAAAUK337 Vlll/W 17/05 70/05 CAKAU JN337 VUE/W 17/05
      485 words
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      Page 27 Advertisements Column 1
      1501 27 VESSEL VOY KHH HKG SIN PKO PQB PXB DMM |BA I BIK IRAN TAKHTI PJLI346 07/05 10/06 11/06 20/06 21/05 22/05 24/06 26/05 IRAN TABATABAEI PCL-5103 12/05 14/05 18/05 10/05 28/05 29/06 30/05 01/06 03/06 IRAN LORESTAN PCL-5102 19/05 21/05 25/05 26/05 04/06 06/06 06/06 08/06 10/06 IRAN TEYFOURI PCL-5104
      1,501 words
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      Page 27 Advertisements Column 2
      1836 27 Mrtd Cotts to Kite (4 Days), 1 Nayoyv (7 toys) Ukf (t toys) ISINGAPORE S GENERAL AGENTS. 6 SHENTON WAY TEL 226 1900 FAX *****08 OUTWARD (l/l) COSTAR SHIPPING PTE LTD #17-MOKIIOG SALES/i*GS 420S<S7/M INWARD DEFT (D/OJ *****85 COSTAR AGENCIES (M) SDN BHD (R NO; **********011 TOWER TWO (*****?) CONVENTIONAL
      1,836 words
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      Page 27 Advertisements Column 3
      327 27 EABTKRN CAB bun, Lto. KL (SINGAPORE) PTC lIP 1 SPKIAiiZE IW ROUP 4 HEAVY UFT UfTO 450 TOWS KL (SINGAPORE) PTE UD LOADING FOR PORT KLANG/PENANG/BINTULU PORT KIANG/YOKOHAMA/OSAKA MV "LUNA AZUL" V. II MV "OCEAN »UJE" V.6* SHJ' ?o/SO ETA SIN 10/05/99 ETAPKL 11 /05/99 ETA PNN 12/05/99 ETA BTI
      327 words
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      Page 27 Advertisements Column 4
      54 27 CHINA 2 SAILINGS WKIKLY Accepting LCL/FCL to all destinations in China MV. 'OOa HONGKONG* V.33ED16 ETA W 07/05/99 MV. 'BUNGA RAYA SATU* V.06EM16 EIASM 09/05/99 e ShippincTimes "^USINESSCENTRE Find out more about advertising thai delivers your business facts through the fax.Your 24-hour rodnd-the-clock instant info access centre to shipping services
      54 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      1330 28 SGP RDM ANW HBG THP ZEE LHV LHV THP RDM ANW HBG PKL SGP E DEVOTE RW-000 O&VS 27/05 02/06 29/15 31/06 tl/M 02/06 E. RIGHT RE-030 15/04 17/04 16/04 18/04 20/04 10/05 11*5 E DEVELOP RW-006 15*5 OAD6 00*0 KM 07/ M 00/00 00/06 E. REWARD RE-033 22*4 24,tM
      1,330 words
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      Page 28 Advertisements Column 2
      722 28 PACIFIC INTERNATIONAL UNES (PTE) LTD I SSSS V 111 140 Cecil Street, #03-00 PtL Building, Singapore *****0. I CR NO **********0E I IS VOT m PI sw M ygp: ra II si? lag S 5* y Sa 5Si IFji 51 I figgiflnHo- \h v'/i I-aft- tfr »i/> ufr }?3 gfl
      722 words
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      Page 28 Advertisements Column 3
      553 28 IPPk NANTAI LINE FULLY CONTAINERISED SERVKE TO MAURITIUS SOUTH AFRICA VESSEL VQT SMI PIU PU» JNI CFT RCB NANTAIDftAGON VOI3S 00/05 17/05 21/K 24/85 25/tt NAMTAJIfBHtS V.034S 11/05 ?t/05 30/05 02/Bt 03/Dt M4~ GOIDEW DKAGOW VOI7S 78/05 05/84 ot/04 12/D4 13/04 NANTAI QUEfN VO3SS 08/04 14/04 70/06 ?3/|>4 H/M" IjjjjßlMlgß
      553 words
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      Page 29 Advertisements Column 1
      461 29 bsa a Mk MYANMA wBBk FIVE STAR LINE (Myaniaar National Lin*) 1 Loading for Yangon (Rangoon) VESSa VOT SIN PKL KM PGU I AGO VIO9W SU> PMTA 163W SIO MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL HI (03)*****00 PKL TIL (03) 37M101 PBfc ra (04) *****07 PGU; TEL (07) *****21/4 BANK
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      Page 29 Advertisements Column 2
      1300 29 HMAW i HYUNDAI MERCHANT MARINE CO., LTD. |VBsa voy I sii'l sou |ta rail <w|ww| hi livßsa voy| sou ia mi aw ham m re i"Sn HY KARON 319W 06/05 24/05 29/05 02/06 03/06 NOLHS 00K 16/04 17/04 11/04 13/04 05/05 mom oi3w 07/05 20/0529/0523/05 25/05 b* ssa 12/04 i;/0414/04
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      Page 29 Advertisements Column 3
      1206 29 rior»«gon spaoofnd outocamen Gto)§(o}(£ Wilhelmsen Unes TO NORTH AND LATIN AMERICA "RORO HEAVY LIFT SERVICE" I VESSEL VOT RAMP HEIGHT SIN LAX CEL MIA SAV Mi OCF fIfTC MVi MOB TAPWU F9lO 400 Tom 6.3 M 10/05 10/04 WO6 iT/oT 24/06 26/0* WJtoT 29/06 WoT *****" TAMPA F9ll 4001 MS
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      Page 30 Advertisements Column 1
      2046 30 BANQKOKfIKAP TA PHUT/LAEM CHABAMQI J AK ART A/PAN J A NO VESSEL VOY SIN BKK MTTP LCH VESSEL VOY SIN JKT PJN NANTA BHUM" 444N In Pt 06/05 09/05 GURU BHUM 127S In Pt 09/05 KOTA HARTA HTAO2S 06/05 09/05 GURU BHUM ***** 07/05 09/05 YANTRA BHUM 289N Qg/OS 09/05
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      58 31 13H589 CWT GLOBELINK SSSSSSS INTRODUCES LIBYA BENGHAZI WEEKLY DIRECT GROUPAGE TRIPOLI T0 SOU f^ ERICAN PORTS See Our Ad On PG 12 OCENUS SHIPPING AGENCY PTE LTD (MON/WED/FRI) PACIFIC LINE Our Schedules Are NEW SERVICE On PG 5 FROM ASIA TO H PACIFIC SWIRE SHIPPING lIADTU AGENCIES PTE. LTD. HWW
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      49 33 VaTil STE^TfeDial 740-6000 OFI uGlTldnG —MmJ (Retrieve more schedules!) Press "V c Select the port and key in S»atl the four digit code eg: To New York (NYQ 2275 M 5© Key in your fax number your phone number Another innovative service offered by document Wiil be SHIPPING TIMES
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      Page 34 Advertisements Column 1
      134 34 MMMMMMMgii pHjhflj^ffi|B|y|3 "ZZZSZT FROM: U.K./ CONTINENT/ MIDDLE EAST TO: FAH EAST TAWSKN KKU TMA VtSSEL VOY S* tAEM CHAIANG MANttA HONGKONG KHUNG satin SUCOSSV3SA 27/05 oi/m 03/06 »MH/ssn?/FiusH«*6/Ain>WRP Vtssa/VOY PKI SH AUSTUIIA/WW ZUUAND TEA 20/05 18/05 MAUTSU- HSH(M)SMMO TAWAU CAPtKMN FRIKNT SVO K*T KHAMG AGWT: SUNSMP AGENOES (M) SDN M
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      Page 34 Advertisements Column 2
      167 34 Iii .iMi ii^^WffnnTWnTTTWTWTT^^^TWB^B shipping line i 1 '111 Mt' ■ivi Mk' ■lIN'A I J IfVflll I LIBYA BENGHAZI TRIPOLI Vg»MM* VOtMO WOIOW mumu DMMJ FHPa tUMI DAIt KWGHAZI TMWU IMMfI PJiH<5 7104 ff Q3QS W 13.05 W H ItOOJETOI 1005 W 11.05 W 13-OSff ■55 P*l34t 3lQ4ff I 0 05W
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      Page 34 Advertisements Column 3
      165 34 ESP LINES WltKlY ICI AMD Kl SliVKl muAMsm<om faieast BBOW OfTTAGOWG, MAMAS UUKIM. HONS lONS HAMMK, KJTTBMAM MMAY. COIOMO JAKARTA, MAMU ANTWBP, F&JXSTOWt CALCUTTA MO (M —t HMPNOM6 REGULAR CONTAINERISED INDONESIAN SOVKE I vcsa/WTAg s-rott m sm rc at 1 FBMN I /M37-43J H TM 71/04 30/04 WW 7/0071-071 P/K
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      1063 35 shipping line ltd 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. **********00 TEL *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LINE; 535 6266 Celia/Jessica/Mei Chan/Jeslynn/Oora/I»y/Hanltn MJiiJiWJßMiaiiisaiiifl 8 slgs/week every a days [VESSEL IVQY SW I JAK VESSEL [VOY SIN
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      Page 35 Advertisements Column 2
      832 35 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO HOIOH MKAMPA ***** 21/05 20/05 OS OS 31M. JiM. Ml*. JM* PVO7 H/07 13/07 10/07 20/87 75/07 W/07 HOIGH Dtw /03SO 27/03 01/B*_ M/9L ALHtk. _IZZBL JIZBL 2&ISL JLISL WVI 21/07 01/00 Qi/oi io/m m/q> SKI /oSs? IS/04 20/0* 24/ M JH/0*
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      Page 35 Advertisements Column 3
      47 35 SHIPPING WAREHOUSING latmi Singapore 1 jutting Daily Man to S* (BATAMINDOI/IIT) Accepting I Jft Cargo Reefer Cortamer iMtaa: Singapive Ijnadmg Mon. Wed Fri (BATAMINDO II) Acceptng HCI A"i*ivenbonal/I¥nject Heavy Lift Cargo T«fc 227 0322 Fax: 222 9330 KotonMo Shlpplag ft WorahoMfaf Pt« Ltd Tk «—< M-» m-SI WW
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      Page 35 Advertisements Column 4
      685 35 rrrg Singapore Soviet Shipping CPL k\\V a Nt l OOSO6MOOON NUltfline Shipping PL W33J ONMrOM^SitaivT) abitfsmMMt VESSEL VOY SIN BOM PNG MO KOTARATU RKUO43 05/06 12/05 TBA 23/06 KEDAH 129N 11/06 19/05 TBA 30/05 KOTA RUKUN RKNO37 17/06 2S/Q5 TBA 05/06 [VESSEL VOY SIX CALCUTTA SW SEA SUCCESS 1 13SV
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      Page 36 Advertisements Column 1
      625 36 I "VESSEL VOY SIN^MA^^SIJ^I TIGER BAY 706N 12-14/05 19-10/05 I TIGER ISLAND 707N 08-09/05 14-16/05 2122/05 I TIGER PEARL 708N 11-11/05 18 20/05 25-25/05 I TIGER SEA 709N 14 15/05 21 23/05 I TIGER BAY 710N 19-19/05 25-27/05 01 01/06 I TIGER ISLAND 711N 21 22/05 28 30/05 04 05/06
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      Page 36 Advertisements Column 2
      970 36 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E*mail: flesin@singnet.com.sg DIRECT CONSOLIDATION SERVICE TO ASHDOD COPENHAGEN MAHE PHNOMPENH BUENOS AIRES HELSINKI MALTA SAN ANTONIO CALLAO, PERU ISTANBUL MEXICO CITY SANTOS COLON, PANAMA IZMIR NHAVA SHEVA TAICHUNG PLEASE CALL OUR TOLL FREE LINE: 1800-*****66 FOR BOOKING Overseas Offices Hongkong 852-*****113
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      Page 36 Advertisements Column 3
      40 36 REGULAR DIRECT CONTAINER A BREAKBULK SERVICE TO PORT LOUIS 4 DURBAN EXPORT VOY SIN PTL DBN ALS EXPRESS 05WB 26/05 06/06 11/06 ALS ENDEAVOUR 06WB 24/06 05/07 10/07 ACCEPTING TO JOHANNESBURG AGENTS: SINGAPORE BEN LINE AGENCIES Tel: *****22 Fax: *****63
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      Page 36 Advertisements Column 4
      1343 36 UUCL (Singapore) Pte Lid CFS Keppel Distrpk 65 CM« Si OCX Clr *42-00 *****13 Hk 513 #01-128 J aWIW./SOOOOM M: 272 7827 bookm 9 V(r Ufc ******3 Fax: *****66 hi: 272 7825 t ZMT JFgjK J On^O v line 4 (Malaysia) sdn Bhd (Reg No: *****2-U) call >S. WTAUNGJAYA U:
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  • Page 37 Miscellaneous
    • Miscellaneous
      Page 37 Miscellaneous Column 1
      125 37 LEGEND. R Thunderstorm Temperature Og V Shower Weather Wmd chrection with speed in knots ee Rom V^/ Cloudy Sky Wov h «'9 h Surface winds are mdicoted by arrows which fly with the wind Q One full arde represent, calm or bght and vonafole wmd, J__ One half Heche reprints
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  • Page 38 Advertisements
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      Page 38 Advertisements Column 1
      75 38 We are a small established shipping and freight forwarding company. We are looking for energetic, motivated and qualified people to join us in expanding our NVOC operations. Requirements: Min. '0* or 'A level 1/2 years experience in NVOC sales Able to work independently and hardworking Pleasant personality Good communication skills
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