The Business Times, 6 May 1999

Microfilm: NL21496
Total Pages: 46
1 46 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    11 1 THE BUSINESS TIMES MITA 85c SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, MAY 6,1999
    11 words
  • Article
    MARKET SUMMARY
    56 1 131MU8 (+33.28) DtttW (+20.67) #laiiscinmjiES U mat (+2.60) QUBXETIOOOt STOCK ■AKKETIHDHSS Wednesday Changs nSBCMff 710*0 *1111 NIKKEI CM HANG SENG 1IJM611 SOT INDEX Owed JAKARTA OOMP _S084 >18,80 MANILA COMP —2,447.67 -17.17 TAffHWPI 7,***** -1SJ8 8B0CL00MP Ck*ed CLSA CHINA B MLSO >9il AlIST ALL ORD _J.041.7O -4120 lpn
    56 words
  • Article
    FINANCE
    72 1 WIMIB USI ss «8» 1.701 £(U8|/8|peri) LSI 2.771 1.966 1.814 LW QJS7 tEH 1264 1.466* M im ***** HB- 7.761 tm HAW MM 0.646 ■WMH aO06 0.921* PUMB KATES SINGAPORE* U8 KUALA LUMPUR HI® 4AIAMA Jm BANGKOK 14.71 MANILA XL* HONGKONG lttt TUPH SM SYDNEY 1 Mf TOE® 2.00
    72 words
  • Article, Illustration
    SES still confident of win-win on Clob
    1235 1  -  But says Akb&r iriiati «uh offer is deficient in key respects By I Conrad Raj [SINGAPORE] The Stock Exchange of Singapore yesterday said it was confident of coming up with a "win-win" solution in the long-drawn saga on Clob shares, but said the
    1,235 words
  • Article
    Recovery story remains intact in Asian markets
    293 1  -  By R Sivanithy [SINGAPORE] The Asian recovery story remained intact in the minds of foreign investors who yesterday brushed aside Weill Street's overnight fall and continued to pile into regional stocks, powering the Straits Times Index ever closer to the 2,000 mark. Brokers
    293 words
  • Article
    Clob investors should hold out
    604 1 ■MTORIAL SOME things are quite plain in yesterday's Stock Exchange of Singapore (SES) statement on the billion-dollar cash offer for suspended Clob shares. But a number of other things have to be read between the lines. For instance, if s plain after signing an agreement
    604 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      141 1 mam rituw^T SembCorp Industries is privatising its 63%-owned Semhawang Resources in an exercise which will see the latter delisted by midAugust Pfc23 I 1 m m t a< UMNO 6MHMOS Investors who brave the uncertainty of Indonesia prior to the June presidential election could be well rewarded, Wall Street experts
      141 words
    • Advertisement
      Page 1 Advertisements Column 2
      61 1 Freeze on Clob shares could drag on, Pg 2 Khan to offer closed-end fund if cash bidfails, Pg 2 Mixed reactions from investors, Pg 2 SES statement, Pg 3 Market reports, Pgs 28-32 Telecoms '99 A special focus on what competition has brought to Singapore's fastest-growing industry BPgs 15-20 Decision
      61 words
    • Advertisement
      Page 1 Advertisements Column 3
      92 1 BV LGA RI CONTEMPORARY ITALIAN JEWELLERS I The Astrea ring JH r W vt.>a h t v v £.3 V I- o W, AK I ti *"i V X #*/V V < I V-S BVLO A K I fci VL. C_; AK I BV Lti A V-t. 3V/i_ CJ <A.
      92 words
Page thumbnail Page 2
  • FOCUS ON CLOB
    • Article, Illustration
      Lock icon Freeze on M'sian Clob shares could drag on, say brokers
      743 2  -  EL hasn't said what happens to shares if Khan offer's rejected: analysts From, Eddie Toh, Ruth Wong, Diana Oon Abdullah in Kuala Lumpur THE Clob saga could drag on as the Stock Exchange of Singapore (SES) is holding Malaysia to
      ARTHUR LEE  -  743 words
    • Article
      Khan to offer closed-end fund if cash bid fails
      533 2  -  Effective's scheme has all necessary approvals: Moiz From Eddie Toh in Kuala Lumpur EFFECTIVE Capital will proceed with the closed-end fund option for frozen Clob shares should its offer of a cash deal collapse although it had told the Stock Exchange
      533 words
    • Article
      Mixed reactions as investors see a long wait
      464 2  -  By\ Siow Li Sen, Wong Wei Kong [SINGAPORE] The Stock Exchange of Singapore's response to Akbar Khan's cash offer for Clob shares drew mixed immediate reactions from investors, most of whom felt a satisfactory solution would be a long time coming. While
      464 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      126 2 U|jtNS-|TriEws.i! ntuy.ii ntiK.ii rtus.xi ntwa.ii ritws.ii nhws.ii ritus.ii ritus.il ritUSJTNEUS.ITNEwSI itrw'iirluH' !|Hp4ljfif ■!}h|ws.it nems.itrof.itiss.itreus JI !gf|-|l hews.it riEiiSraHiieus.it Bs'rr mews.! it Hlris: if rtePs YY EI pg-iT [iews.it fiEws. it |ak iT.rlusilt Hews I it News! it r-feis! it rels.'n rilws! it hews! it liluls! f f rife H .te-il
      126 words
Page thumbnail Page 3
  • FOCUS ON CLOB
    • Article, Illustration
      Lock icon Offer falls short of generally accepted standards: SES
      1982 3 THEfollowing is thefull text of the statement from the Stock Exchange of Singapore yesterday on the Clob offer made by Effective Capital: The Central Depository Pte Ltd (CDP) has received on April 30,1999 a facsimile copy of a cash offer for Clob
      JEROME MING/ST  -  1,982 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      112 3 -'Q-eorges• >. o is i 1 here cnn von eo lor The mosl lender and Micailenl sleak Prepared personally In' one ol Melbourne's lop cliels Amidsl ruslic ambience? Consistent in taste, authenctty and unique flavour. EXTRA VIRGIN OLIVE OIL AIRFLOWN AUSTRALIAN BEEF FRESHLY GROUNDED SPICES Expect only the finest ingredients
      112 words
    • Advertisement
      Page 3 Advertisements Column 2
      145 3 B V LG A R I CONTEMPORARY ITALIAN JEWELLERS I«. The Goceia ring v t fti m Bt v »/v \w v t it* v 4 vi v« *<% v i < SB V i V I o H tft V 4 H H V I. ft% V t <
      145 words
Page thumbnail Page 4
  • SINGAPORE AT HOME & ABROAD
    • IN Brief
      • Article
        Hotels' special allowance
        95 4 MINISTER for Trade and Industry Lee YockSuan yesterday said gazetted hotels outside safeguarded hotel zones can be considered cm a case-by-case basis for the Special Allowance under the hotel refurbishment scheme. However, such hotels will only be eligible for tax allowance of up to 130 per cent
        95 words
      • Article
        Why new 5-room HDB flats are smaller
        82 4 MINISTER for National Development Lim Hng Kiang yesterday explained that new four and five-room HDB flats were smaller, to keep up with smaller family units. "We would not be optimising land use if we had continued building new flats of the same size
        82 words
      • Article
        Demerit points system under review
        54 4 MINISTER for Home Aflkirs Wong Kan Seng yesterday said the Traffic Police were reviewing the demerit points system and that the demerit points would be increased. He said the review will cover all offences which now attract demerit points, including driving along expressway shoulders, beating
        54 words
    • Article
      Built-in, built-up: It's up to private sector to define
      227 4 THE government will leave it to the private sector to come up with a definition of the terms "built-in area" and "built-up area", National Development Minister Lim Hng Kiang said yesterday in Parliament. In reply to questions from Nominated MP Chuang
      227 words
    • Article, Illustration
      Lock icon Decision on govt land sales only in Sept: Hng Kiang
      382 4  -  YEBTOPA* W MBMIMBW Original plan stays since 24,000 private honsing nnits still available for future sales, he says By\ Marissa Chew MINISTER for National Development Lim Hng Kiang yesterday reiterated that the government would announce its decision on resuming land
      FILE PHOTO  -  382 words
    • Article
      Market will check foreign talent policy abuse
      570 4  -  Bosses won't hire people who create no value: minister By. Audrey Tan FREE market forces will help check any abuse of Singapore's foreign talent policy, Minister of State (Defence) David Lim said in Parliament yesterday. Responding to fears expressed by the public that
      570 words
    • Article, Illustration
      Lock icon Singapore studying London financial market, regulator
      420 4  -  By\ Clarissa Tan SINGAPORE is taking a close look at the London financial market, and along with it the city's Financial Services Authority (FSA), to see how it can better integrate the different sectors of its own financial market, Second Minister for Finance Lim
      SIEW YAW HOONG  -  420 words
    • Article
      CMG to form joint venture with Vietnamese insurer
      183 4 [SINGAPORE] Melbournebased financial services group CMG has firmed up a proposal to form a life insurance joint venture with Vietnam's second largest insurer, Bao Minh. The joint venture win be called Bao Minh CMG and wUI be based in Ho Chi Minh
      183 words
    • Article, Illustration
      Lock icon Export prices fall faster vs imports
      316 4  -  EYE ON THE ECONOMY Prices By\ Marissa Chew PRICES of Singapore's exports continued to fall faster than the prices of its imports on a year-on-year basis in March, but compared to the previous month, prices of both strengthened. The export price index slipped 2.7
      Source: Dept of Statistics  -  316 words
    • Article, Illustration
      SingTel share buyback decision before September
      393 4  -  Telcos can lock in corporates beyond April 2000: TAS By Catherine Ong, Teh Hooi Ling By Catherine Ong and Teh Hooi ling A DECISION on whether Singapore Telecommunications will launch a share buyback or issue a special bonus will be made before its annual
      393 words
    • Article
      Merger of COE categories hits dealers of small cars
      401 4  -  Reports by Christopher Tan NOT every motor trader is seeing more sales with the enlarged COE quota. Those selling small cars, as well as those representing "fringe" brands, are still struggling. As widely feared, the merger of COE categories has marginalised
      401 words
    • Article
      Slow going for European makes since start of year
      279 4 PARALLEL importers and distributors of European brands had a slow start to the year. According to official data, the market share of European cars in the first quarter fell to 18 per cent from 31.1 per cent in the same period
      279 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      159 5 -\y■ -UijsZ' ~*Vfv*SS fl,tf fflirif' r r 'tit v ■*>*>*■> •***&*■■*■< Increased speed equals increased productivity. And mation only once, then quickly outputs multiple originals. 1 > when il comes to printing your documents, Fuji Xerox What's more, with its double-sided and PostScript* f$ xsg v v .-i can y°
      159 words
Page thumbnail Page 6
  • ASIA ON THE MEND
    • Article, Illustration
      Asia on the scales
      609 6 Ratings of Asian countries STANDARD POOR'S MOODY'S INVESTORS'SERVICE AAA Singapore (stable outlook) Am Japan AA+ Taiwan (stable outlook) Aa1 Singapore (outlook stable) Japan (outlook negative) AA Aa2 Aa3 Taiwan (outlook stable) A+ A1 _A Hongkong (negative outlook) A2 Al A3 China. Hong Kong (outlook stable) BBB+
      609 words
    • Article, Illustration
      Lock icon US analysts see post-election rewards in Indonesia
      616 6 Spectre of political violence stays bat there's consensus among candidates on economic policy Reuters [NEW YORK] Investors who brave the uncertainty of Indonesia prior to the June presidential election could be well rewarded. Wall Street experts said on Tuesday. "Those who invest in
      Reuters; AFP  -  616 words
    • Article
      Lock icon MSCI S'pore best developed market index in April
      282 6 AFX-Asia [HONGKONG] MSCI Sin-, gapore was the best performing MSCI index among developed markets in April, posting a rise of 29.2 per cent in US dollar terms, helped by upward revisions of 1999 GDP forecasts, Morgan Stanley Capital International said in a
      AFX-Asia  -  282 words
    • Article
      Lock icon Jakarta to increase growth forecast: IMF
      449 6 Recent economic improvements impressive, says Asia chief AFP (JAKARTA) Indonesia will raise its growth forecast and lower its inflation outlook for the year to March, the International Monetary Fund's Asia chief said yesterday, calling recent economic improvements here "impressive". "We changed the growth forecast
      AFP  -  449 words
    • Article
      Amex economist sees limited gains ahead for S'pore stocks
      384 6  -  By\ Siow Li Sen [SINGAPORE] "It's too late to chase the stockmarket," American Express Bank's top economist has this advice for investors wondering whether to play catch-up in the Singapore stockmarket rally. But London-based John Calverley, chief economist and strategist with
      384 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      52 6 MVXNOd AIRFARE 4 (Hurry, Limited Seats!) No Peak Season Surcharge/ PERTH $550 SYDNEY $650 MELBOURNE $650 AUCKLAND OR CHRISTCHURCH $900 Includes return air ticket. Book now and pay before 15 May '90. Travel Ex.SIN before 30 Jun (Australia) &31 Aug (New Zealand) Booking are subject to availability. Terms and conditions
      52 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      164 7 J Ml^ OFFICIAL LAUNCH AT SUNTEC CITY TODAY 'fne <3^ 0 real-time and online multiple languages ,""?f^^^^^PSß^WßpPßll|^Wmß^Ww hassle-free access 11 #ll m I jft mI 1 24 hours a day user-friendly touchscreen functions i E-commerce '^^^^^SSS^^IKKfSHm complete Bto C and B to B solutions unique e-commerce package to suit the
      164 words
Page thumbnail Page 8
  • SOUTH-EAST ASIA
    • Article
      Lock icon Indon's PLN told to pay for breach of contract
      229 8 JAKARTA AFP INDONESIA'S state electricity firm, PT PLN, must pay US-based Mid American Energy Holdings U*****.28 million (*****.88 million) for breach of contract, the US firm said in a statement obtained here yesterday. The statement, released to the New York Stock
      AFP  -  229 words
    • Article
      Lock icon Jakarta to privatise only 7 of 12 targeted firms
      227 8 JAKARTA AFP THE Indonesian government will push ahead with the privatisation of only seven of 12 firms in which it was due to divest its stakes in the year to March, President B J Habibie said yesterday. "The Privatisation Evaluation Team
      AFP  -  227 words
    • Article
      Lock icon Abrar fires MD who alleged irregularities in funds transfers
      380 8 KUALA LUMPUR Finance company denies hiring team to probe alleged transfer of RM4&5m Bloomberg ABRAR Corp, a debt-laden Malaysian finance and retailing company, fired its managing director Faris Najhan Hashim, more than a week after he claimed the company had conducted
      Bloomberg  -  380 words
    • Article, Illustration
      Lock icon Test of Unde Sam's popularity
      57 8 [MANILA] A Filipino boy in mock terror ofan effigy of Uncle Sam during a protest near the US embassy in Manila yesterday. The Senate is deliberating the ratification of the Visiting Forces Agreement with the US, whereby the Philippine government will allow US troops to
      REUTERS  -  57 words
    • Article
      Lock icon US Ex-Im Bank withdraws support to PAL
      438 8 MANILA Informs SEC of petition to US bankruptcy court Reuters THE prospects of Philippine Airlines (PAL) overcoming its mammoth debt problems were rocked yesterday after the US Export-Import Bank, a major creditor, said it had no hope the carrier was likely to return
      Reuters  -  438 words
    • Article
      Lock icon Dr M's sons awarded two govt projects: minister
      202 8 KUALA LUMPUR Information given in parliament as reply to Anwar's queries AFX-Asia PRIME Minister Mahathir Mohamad's two sons were each given a privatised project by the government, Bernama news agency quoted Deputy Minister in the Prime Minister's Department, Fauzi Abdul Rahman, as
      AFX-Asia  -  202 words
    • Article
      Lock icon KL blasts Washington Post editorial
      548 8 WASHINGTON IT sun ambassador disputes report of ailing economy, defends judiciary Bernama MALAYSIA on Tuesday slammed a stinging Washington Post editorial which said the country's economy "was stuck in reverse", pointing out recent figures by multilateral organisations and securities houses which have in fact projected
      Bernama  -  548 words
    • NOTE Book
      • Article
        Lock icon Death tell in Aceh hits 31
        91 8 AFP [HOKSEUMA WE, Indonesia] The death toll from the military shooting of protesters in Indonesia's troubled Aceh region rose to 31 Yesterday with the discovery of more bodies, but a regional military commander denied they were kiDed by soldiers "The shooters weren't Abri (military),"
        AFP  -  91 words
      • Article
        Lock icon World Bank okays US$101.6m Vict loan
        76 8 Bloomberg [WASHINGTON] The World Bank approved a US$lOl.B million (5J173.2 million) loan to Vietnam to help it increase agricultural production in its Mekong Delta If region, the bank said in a statement. The loan will support the government's efforts to maximiae use of the
        Bloomberg  -  76 words
      • Article
        Lock icon Mahathir to visit Sabah
        48 8 Bernama [KOTA KINABALU] Prime Minister Mahathir Mohamad is scheduled to a make a two-day working visit to Sabah starting mi May 13, Chief Minister Osu Sukam said yesterday. Dr Mahathir will meet members of the state cabinet and leaders of BarisanNaaional component parties. —Bernama
        Bernama  -  48 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      53 8 i Akt~ Lnclou>(.k*^j OIVL^LOVL tcca -ft cu ocoyx Theßitz-Carlton* MIUENIA SINGAPORE Surroundings reminiscent of an emperor's summer abode. The art of Cantonese cuisine, fit for a royal entourage. Please call 434 5288 for reservations. 7 Raffles Avenue, Singapore *****9. Tel: 337 8888 Fax: 338 0001. www.ritzcarton.com. Summer Pavilion is located
      53 words
Page thumbnail Page 9
  • CHINA-HONGKONG-TAIWAN
    • Article
      HK unveils liberalised telecoms package
      667 9  -  But moratorium on new local fixed-line tffl Jul, 2003 From Quak Hiang Whai in Hongkong THE Hongkong government yesterday announced new moves to liberalise its telecommunications market in what was described as a package to boost Hongkong's position as a telecoms, broadcasting and Internet hub
      667 words
    • SINO Briefs
      • Article
        Lock icon China allows some trading of houses
        85 9 Reuters {BEIJING] China has issued regulations allowing some public housing and low-cost houses to be traded on the open market in a move to promote housing reform, officials and state media said yesterday. The Economic Daily quoted the regulation as saying houses sold to
        Reuters  -  85 words
      • Article
        Lock icon Henderson Land HK$10b in sales
        65 9 Bloomberg (HONGKONG) Henderson Land Development Co, Hongkong's thlrd-largwrtreal estate developer, said it sold HK$6 billion (Sll.l billion) worth of apartments so to this year and expects to sefl a total of HKflO billion for all 0f1989. Vicechairman CoHn Lam also said the company cut its
        Bloomberg  -  65 words
      • Article
        Lock icon US,China can finish WTO talks 'soon'
        46 9 Bloomberg [WASHINGTON] The US and China will resume negotiations this month on China's admission to the Work! Trade Organisation, and the talks canl» completed "soon" because most of the issues have been decided, said US Trade Representative Charlene Barshefeky enTuesday.—Bloomberg
        Bloomberg  -  46 words
      • Article
        Lock icon 10% HK Telecom staff accept exit plan
        77 9 Bloomberg [HONGKONG] Hong Kong Telecommunications Ltd, the city's dominant telephone company, said yesterday that Just 10 par cent afthe tOOO workers it asked to accept early retirement took up the offer. Hong Kong Telecom, whose staff of 13,800 make it one of Hongkong's
        Bloomberg  -  77 words
    • Article
      Lock icon HK govt may sell part of its stake in Cyberport project
      415 9 ■HONGKONG Move aimed at pacifying angry developers Bloomberg HONGKONG may sell part of its stake in the city's proposed "Cyberport" project to appease developers who were angered that they were not invited to bid on the high-tech-nology centre, a
      Bloomberg  -  415 words
    • Article, Illustration
      Lock icon Privatisation woes
      42 9 [HONGKONG] A protester shouting yesterday during a strike by over I,oooHousing Department staff over the gradual privatisation of estate management services. The biggest civil servant trade union in the territory, supporting the 24-hour strike, said 9,oooemployees would be affected REUTERS
      REUTERS  -  42 words
    • Article
      Lock icon China closes loopholes on foreign investment tax breaks
      234 9 SHANGHAI Bridge News CHINA recently tightened laws on tax breaks for foreign investors in a bid to stop them milking China's preferential polices without actually remitting promised funds into the country, the Shanghai' Securities News reported yesterday. The move targets overseas Chinese
      Bridge News  -  234 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      90 9 VICTORIAN LONDON PUB GRAND PUBLIC OPENING! Tonight, 6th May, 6pm 2am All standard drinks $6 each $1 from every sale donated to SPCA Free drinks vouchers to be had Give-aways prizes 'Live' Brit-pop from "SAUCY JACK" Singapore's most famous riverfront promenade, Boat Quay, is now home to THE PENNY BLACK,
      90 words
    • Advertisement
      Page 9 Advertisements Column 2
      228 9 Check-in to 19l the leading/ m A medical &Qs£/Aj J event of the region! International Exhibition on Hospital, Pharmaceutical, 12-15 May '99 Medical Rehabilitation Equipment Supplies Opening Hours: 10:00 am to 6:oopm dally Held in conjunction with the 2nd Asia-Pacific Interscience Congress of Medicine and Tan Tock Seng Hospital's 7th
      228 words
Page thumbnail Page 10
  • ASIA
    • Article
      Lock icon Foreign telcos may put India on hold till polls are over
      611 10 GOVERNMENT Df CRISIS Most firms are losing money and they are waiting for a clear licensing policy Bloomberg [BOMBAY] Distacom HK Ltd earmarked US$3OO million (Ssslo million) for India's mobile phone industry, lured by a market of about one
      Bloomberg  -  611 words
    • Article
      Lock icon India's Power Fin Corp to borrow US$100m
      155 10 NEW DELHI Bloomberg POWER Finance Corp, a state-owned company that raises money for India's electricity firms, plans to borrow as much as US$lOO million (Ssl7o million) overseas by June, to fund the building of power generation plants. But it may face higher rates
      Bloomberg  -  155 words
    • Article, Illustration
      Lock icon Aussie Budget set to raise forecast for surplus
      455 10 CANBERRA Fastest economic growth in 4 years boosting tax revenue Bloomberg AUSTRALIA will probably increase its forecast for a surplus when the government unveils a Aslso billion (Ssl69 billion) Budget for fiscal 2000 next week. The fastest economic growth in four years
      Bloomberg  -  455 words
    • Article, Illustration
      Lock icon Countdown to Sydney Olympics begins
      66 10 [SYDNEY] The Olympic mascots "Millie" the echidna (left), "Ollie" the kookaburra (centre) and "Syd" theplatypus (right) dancing at Tuesday's official launch of the 500-day countdown before the Sydney 2000 Olympics. A sculpture marking each day of thesoodays will be auctioned every day and will raise
      AFP  -  66 words
    • Article
      Lock icon Newcastle disease spreads to another bird farm
      290 10 SYDNEY Bloomberg, Bridge News THE highly contagious Newcastle disease has been found on another poultry farm in the quarantined area of Mangrove Mountain, New South Wales, the state's agriculture department said. It's the first outbreak in 12 days and while it doesn't widen
      Bloomberg,; Bridge News  -  290 words
    • Article
      Lock icon Mega merger of NZ dairy firms urged
      207 10 WELLINGTON Bridge News DAIRY farmers in New Zealand considering the industry's future after deregulation have been recommended to opt for a mega merger of top dairy companies by the working group appointed to investigate options. The working group believes the giant dairy company
      Bridge News  -  207 words
    • ASIA Notes
      • Article
        Lock icon India okays 1b rupee IT capital fund
        72 10 AFP [NEW DELHI] The Indian cabinet has approved die creation of a one billion rupee (Ss4o million) venture capital fund for the information technology sector, the Business Standard newspaper said yesterday. "Theftmd is aimed at providing start-up financing Cor software professionals and infotech
        AFP  -  72 words
      • Article
        Lock icon Korea overseas construction orders up
        66 10 AFP [SEOUL] South Korea received overseas construction orders worth U593.6 billion (516.1 billion) in the first four months of the year, nearly four times the figure for the same period last year, officials said yesterday. A construction and transportation ministry official said it was likely
        AFP  -  66 words
      • Article
        Lock icon Goldman no buying Seoul bank
        94 10 Bridge News [HONGKONG] Goldman Sachs has no plans to acquire a South Korean investment bank, a spokesman for the US firm said yesterday when asked about the bank's reported purchase of shares in Daewoo Securities. "We have no intention erf acquiring a Korean investment bank,"
        Bridge News  -  94 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      764 10 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 I lUtj'.]'.;jlFELS Keppel FELS Limited (Incorporated in the Republic of Singapore) Merger of Keppel FELS Limited and Keppel Integrated Engineering Limited Notice of Closure of Books NOTICE IS HEREBY GIVEN that subject to the sanction and confirmation by the
      764 words
Page thumbnail Page 11
  • THE WORLD
    • Article
      Lock icon US factory orders up unexpected 2% in March
      344 11 WASHINGTON Bloomberg ORDERS placed with US manufacturers rose more than expected in March as the value of orders for cars, computers and crude oil products increased, a government report showed yesterday. Factory orders rose 2 per cent to a seasonally adjusted U*****.91
      Bloomberg  -  344 words
    • WORLD Watch
      • Article
        Lock icon US dollar at risk from Dow fall
        76 11 Reuters [LONDON] The US dollar could be at risk if US stocks show signs of flagging now that they have crossed the 11,000 hurdle, analysts said yesterday. Demand for dollars has been fuelled as foreigners have piled into the US stockmarket However, currency
        Reuters  -  76 words
      • Article
        Lock icon US Apache crashes in Albania
        54 11 Bloomberg (SPANGDAHLEM AIR BASE, Germany] A US Army Apache helicopter crashed yesterday during a training mission in Albania, killing both crew members, Nato said. US President Bill Clinton met Nato leaders in Brussels a few hours later, and said the alliance will step up its
        Bloomberg  -  54 words
      • Article
        Lock icon Strong £ to cap UK Industrial sector
        46 11 Strong to cap UK Industrial sector Reuters [LONDON] Britain's economy is the toast of London's financial community as a growing stack of evidence shows it has escaped recession. Standing in the way of any sustained recovery are the unstoppable pound and sluggish growth in mainland Europe.—Reuters
        Reuters  -  46 words
    • Article
      Lock icon WTO talks end without decision on new chief
      611 11 GENEVA Snpachai again asked to step down; no date is set for another meeting Reuters TRADE envoys again failed to agree on a new directorgeneral of the World Trade Organisation (WTO) despite remarks on Tuesday by Tanzanian ambassador Ali Mchumo, in charge
      Reuters  -  611 words
    • Article, Illustration
      Lock icon Show off
      53 11 [VANCOUVER] A swimmer is silhouetted during a late afternoon workout in a glass bottom pool located in a downtown condominium complex in Vancouver on Monday. The complex'sfitness area contains a glass bottom pool that extends over the front entrance to the building, allowing for cars and pedestrians to
      REUTERS  -  53 words
    • Article
      Lock icon European M&A to hit US$1.3t: JP Morgan
      196 11 U LONDON Reuters MERGERS and acquisitions activity involving European companies is forecast to total US$l.3 trillion (552.2 trillion), a note by JP Morgan strategist Tim Harris said yesterday. The forecast comes on the back of a booming first quarter which saw deals announced
      Reuters  -  196 words
    • Article
      Lock icon SEC head slams hard-sell by US online brokers
      269 11 WASHINGTON Ada promote onre&listic expectations Levitt NYT MAYBE some tow-truck drivers do own islands that they bought with profits from trading stocks online. But Arthur Levitt, chairman of the Securities and Exchange Commission, said on Tuesday that he thought brokerage industry advertisements
      NYT  -  269 words
    • Article
      Lock icon Russian stocks surge again on oil price rise and IMF loan
      412 11 MOSCOW AFP RESURGENT Moscow stocks burst through the 100-point barrier for the first time this year yesterday, putting Russia back in the top spot as the world's best performing emerging market in 1999, traders said. Optimism fuelled by a
      AFP  -  412 words
    • Article, Illustration
      Lock icon Prodi vows to assert powers in choosing team
      444 13 STRASBOURG, France European Parliament approves ex-Italian PM as EC President Reuters FORMER Italian Prime Minister Romano Prodi won the European Parliament's approval yesterday for his nomination as European Commission President and vowed to stand up to EU capitals when choosing his team.
      Reuters; AFP  -  444 words
    • Article
      Lock icon Lawsuit dents Bermuda's image as offshore domicile
      495 13 HAMILTON, Bermuda US creditors sue top businessmen over insurer's collapse Reuters BERMUDA'S image as a top offshore domicile for insurance companies took a battering in court on Tuesday as allegations of dishonesty, fraud and improper conduct were made against top businessmen and firms
      Reuters  -  495 words
    • Article
      Lock icon Brazil recovering sooner than expected: report
      131 13 SAO PAULO AFX-Asia BRAZIL is over the worst of its economic crisis and several indicators show the recovery is arriving sooner than expected, the National Confederation of Industries (CNI) said in its monthly report. CNI economists said proof of Brazil's rapid recovery from the
      AFX-Asia  -  131 words
    • Article
      Lock icon No consensus on next interest rate move by UK central bank
      357 13 LONDON AFP THE Bank of England began its monthly two-day monetary policy meeting yesterday, with no consensus among market watchers as to whether or not the central bank would implement a seventh rate cut in eight months. The bank
      AFP  -  357 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      149 11 BUSINESS PARTNER OR 1 VALUE ADDED RESELLER H IT Software product (USA) keen to seek Business Partner/value added reseller for large scale Integrated Document Output Management. I This software utilises industrial strength imaging, COLD, workflow A documents management engines foe rapid, cost-effective development of enterprise I document management solutions. V
      149 words
    • Advertisement
      Page 11 Advertisements Column 2
      4 11 CB Richard Ellis Industrial
      4 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      830 12 I j r r X j ISaSBjl^HBj^l^^^^^B^^^^^B I I WTg* I i I I I 9 BBBBBBBBBBBBBBBBr j B BBBBBHB B B W M B B w B B B |^HH 9BBB IBi^^^^B^^IBf w V r^_ H H V H H WT rrrtu Subsidiaries Workshops Offices/Distributors <• *v\ m B
      830 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      212 13 Twice the size. Twice the strength. Twice Put simply, CGU is now bigger, and in their goals, safe in the knowledge that they the commitment. many ways better. Covering corners of are now backed by one of the largest insurers That's what CGU, the new insurance the globe which are
      212 words
Page thumbnail Page 14
  • OPINION
    • Article, Illustration
      Welcome to the dark world of suicide seeds
      757 14  -  THE BOTTOM LDVB OPINION By Harish Mehta The writer is BT's Bangkok correspondent GIANT American food companies have hatched an audacious plan to dominate world food production by making 1.4 billion farmers in Asia, Africa and Latin America dependent on seeds supplied
      757 words
    • Article
      IN OTHER WORDS
      96 14 'I would prefer to join Mongolia At least, the Mongolians did not invade us.' -Joae Ramos Horta East Timor independence activist, on the idea of the troubled province remaining with Indonesia. 'As the truth stinks, I was forced to serve the stinking truth.' Shh— AKm«H Malaysia's best
      96 words
    • Article, Illustration
      Lock icon India faces up to cost of spendthrift government
      1097 14  -  More states making deal with New Delhi on steps to cut their revenue deficit By Prem Shankar Jha The writer, former editor of The Hindustan Times, contributed this article to BT WHILE the opposition parties are doing their best to ensure that
      FILE PHOTO  -  1,097 words
    • Article, Illustration
      West may live to regret playing the bully in ADB
      703 14  -  COMMHMTABY By Anthony Rowley The writer is BT's Tokyo correspondent THE Asian Development Bank (ADB) is running short of funds as a result of having to pump money into the black hole left by the withdrawal of private capital during
      703 words
    • Article, Illustration
      WHAT THE OTHERS SAY
      1034 14 INDIA'S strong reaction to allegations of nuclear espionage, much like the earlier Chinese anger when similar accusations were made against it in the US media, reveals a certain lack of geopolitical maturity. Such charges must be dismissed with the deafening silence that they richly deserve. Instead,
      1,034 words
Page thumbnail Page 15
  • TELECOMS
    • Article, Illustration
      Lock icon Pro-choice, pro-competition
      582 15  -  fly Catherine Ong COMPETITION and choice. Consumers in Singapore were blessed with both when Mobile One (Ml) broke Singapore Telecommunications Ltd's monopoly in the cellular phone market two years ago. Lower prices and better service became the order of the day. Mi's success it grabbed 32 per cent
      FILE PHOTOS  -  582 words
    • Article, Illustration
      Lock icon Step-by-step approach to competition
      2106 15  -  TAS. director-general talks to catbbumb oho and teh book ldto about ironing out interconnection issues and overseeing opening of market CATHERINE ONG,TEH HOOI LING IN the last two years, Singapore's chief telecommunications regulator, Leong Keng Thai has presided over the experimental introduction of competition in the
      FILE PHOTO  -  2,106 words
    • Article, Illustration
      Lock icon StarHub gearing up for April 2000
      1747 17  -  New kid on the block wants to make its mark with speedy response and diverse services, cathbume oho and teh hooi um find out from its CEO CATHERINE ONG,TEH HOOI LING TERRY Clontz jokes about how he raises the average age at Star Hub,
      CHRIS LOH  -  1,747 words
    • Article, Illustration
      Lock icon Crux of M1 success – focus on customers' wants
      2150 17  - Crux of M1 success focus on customers' wants Its CEO feels that being seen as better v&lne helps set it apart from Sing Tel By I Catherine Ong, Teh Hooi Ling DURING his more than two decades' career in the telecoms industry, Neil Montefiore has launched a handfUl of networks
      SIEW YAW HOONG  -  2,150 words
    • Article, Illustration
      Lock icon Standing above the fray
      1681 19  -  Sing Tel will meet competition by offering value for money, new products and improving service delivery. Catherine OHO and teh hooi lhto find out more from its CEO CATHERINE ONG,TEH HOOI LING ON the roof-top of Comcentre, some 35 floors up the head office of Singapore
      SIEW YAW HOONG  -  1,681 words
    • Article
      Ahead of StarHub, firms put SingTel on hold
      751 19  -  It needs to improve on customer service, product range: corporate clients By i Catherine Ong SINGAPORE Telecommunications Ltd may have been ranked the most competitive telephone company in Asia with resonable pricing and reliable quality, but for some of its corporate customers,
      751 words
    • Article
      Competition may just spur resilience
      745 19  -  By l Teh Hooi Ling COMPETITION and the sweeping changes in the telecommunications industry will transform Singapore Telecoms into a markedly different creature in the next five years. But analysts are divided on how Sing Tel will perform in flie immediate years after the entry
      745 words
    • Article, Illustration
      Hardy survivor
      835 20  -  British Telecoms has come out tops in the process of liberalisation to become a global player, Catherine okg outlines the transformation CATHERINE ONG IN 1991, at the height of the Gulf War, a British tabloid newspaper ran a top 10 list of the most difficult jobs in the
      835 words
    • Article
      New source of revenue in voice data services
      435 20  -  By] Frank Chrlstiaens The writer is Vice-President, Asia-Pacific for the Internet Access Division of Alcatel TELECOM operators are entering a new world where voice and data communications services are offered simultaneously and at high speeds. The traditional cir-cuit-switched networks, designed for voice
      435 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      36 15 NOKIA Connecting People i* B Have your «il nri i J f I VK$! pgWfM A mobi,e phone with fax, e-mail, and organiser. Features back-lit graphical screen and memory card for 4MB of additional memory. /JE£LX>1
      36 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      51 16 INTER 7 ""l^W well I THEY'LL BE "IN TOUCH." HATE WAITING? you wont have to wait for ihe internet. ALCATEL DSL INSTANT INTERNET ACCESS. Equipment that makes the Internet up to 130 times faster than 56k modems. From a company that's leading the world in telecommunications systems and equipment. omgi
      51 words
Page thumbnail Page 17
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      234 18 h m iha M r^ B Bk B B H M^| Imllll IVIAMfO Anllf tVAWI ImJl^ Irm IIvWS UIIIV BHMfe«lfc«_ -&&m m m J- SB?i Now on a screen reallv ck>s6 to vou J m |1| lli B 1 Fjk Jfl Ik '|b -^9^H J^^bbKl jv^B Wherever you are, you
      234 words
Page thumbnail Page 19
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      1722 20 S7 TZrrXJTmn boh Kay Ouao* km kneeLtaas• SaftOTt BAbbas• SunMoogt-k.w ChcongKokChung• GobKbeugHum• imTcck Yam •Ww Chone Kifßcttn Chon*• RcthnarKumar• Ruhsimi B Mbhd Saad .Aug Ah Wang• ttfcqg Kok Wah •QuabSiew Kee• HampobAimlVMohdZuhtf*L« < eekSeng *tahd Na«u Mohd Vmmbah Her \i* eng*LauChve Huat «QYeo .Sun Leon* due ftok Kh jTao Hne
      1,722 words
Page thumbnail Page 21
  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon A tool for telecommuters
      496 21  -  PRODUCT REVIEW Innomedia marketing $600 Info View TV Video Phone By Andrew Wee [SINGAPORE] You used to need special equipment and dedicated communication lines to do it. But nowadays, video conferencing is something the small business and even the individual can easily and affordably conduct. Local
      SIEW YAW HOONG  -  496 words
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      440 21 Where to wine, dine and entertain...- (of&aSr Si Chuan Dou Hua Seafood Restaurant 8-course set menu at 088 for 6 to 7 6C 10for 8 HlO pax "60 [files Deluxe Feast" JfLaCarte Bufiw(9 May) For reservations, call 299 9011/298 0011 •7k* ml k 4oor rjkfk Jtwakw lairiiifri^CST PLAZA ftjWi PAKKROYAL
      440 words
    • Advertisement
      Page 21 Advertisements Column 2
      172 21 Innomedia Info View Price: $600 per unit. Website: www.innomedia.com Distributed by: ACCO Technology Pte Ltd 874- 7688 874- 7683, Nexus Gateway Pte Ltd 221-1114. "Ballroom T)anaruh AT THE NEPTUNE Set your nigbt on fire. Tango, Waltz, Cba Cba or Rock Roll every Wednesday nigbt as you dine on our seafood
      172 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Page 21 Miscellaneous Column 1
      1210 21 CRYPTIC CROSSWORD ACROSS 2 3 i k > 1 Keep making jam (8) 9 Gilbert and Sullivan's stage- HI H| |Hp craft (8) pi HH H 10 Possesses heroin at first, f HI and pot (4) ■FT 11 Protest not as practical as a I I I I shining example
      1,210 words
Page thumbnail Page 22
  • MOTORING
    • Article
      No entry for some Japan cars?
      603 22  -  New emission standards around the corner may stop some models from being imported here Reports by Christopher Tan [SINGAPORE] THE government will be adopting new emission standards for cars and commercial vehicles that could mean, among other things, the end of the road for
      603 words
    • Article, Illustration
      Lock icon Good news for those on the S-class wait list
      182 22 [SINGAPORE] Listed motor company Cycle Carriage expects to deliver up to 500 new Mercedes-Benz S-classes this year. Managing director Cheah Kim Teck said 70 or so units had already been put on the road since March. And by year-end, the figure
      FILE PHOTO  -  182 words
    • Article
      Some Japanese models as green as Euro cars
      235 22 [SINGAPORE] Some Japanese vehicles are just as, if not greener, than their European counterparts. Products like Mitsubishi's gasoline-direct injection (GDI) range and lean-burn variants from Toyota and Nissan are designed to meet future US requirements. American standards are seen to be the
      235 words
    • BUMPER to BUMPER
      • Article
        Rover's Asia operations integrated
        66 22 BMW ASIA has formally integrated Rover's operations in Asia. Hence BMW is now responsible for the Rover, Land Rover, MG and Mini brands in Asia. Previous Asia or UK-based Rover employees who're responsible for the region are being relocated to BMW's Singapore office, enlarging the headcount
        66 words
      • Article
        Jaguar in top gear
        102 22 JAGUAR has landed the "Most Improved Make" award in the 1999 Top Gear/J D Power UK Customer Satisfaction Study. The brand finished second overall in the survey, which examined factors such as road performance, vehicle quality, ability of dealers to fix problems, warranty coverage and costs
        102 words
      • Article
        One full of flavour
        98 22 JAGUAR director of styling Geoffrey Lawson stands by the design of the S-Type by saying "the car is ftill of flavour", and "not everyone likes a car fUll of flavour". "If we had taken the middle-ground, we would've ended up with lukewarm milk," he said. Hence
        98 words
      • Article
        Halt for Honda electric vehicles
        41 22 HONDA Motor Co has halted production of electric vehicles that run on rechargeable batteries due to poor sales and the company's shift to the development of hybrid cars, a major business daily in Tokyo reported recently.
        41 words
      • Article
        With VW owners in mind
        76 22 VOLKSWAGEN owners—the 2,0000r so of you out there —will be glad to know that distributor Car 4 Cars has opened its new after-sales service centre. Located at 3 f Leng Kee Road, the facility has 12 working bays. Car j Cars took over the VW
        76 words
      • Article
        New smart-card system
        57 22  -  -CSonpOsdby Christopher Tan ERG Ltd and Motorola's worldwide smart-card solutions division has launched the first commercial implementation of the single-chip, dual-interface (contact/contactless) smart-card solution. Western Australian bus operator Bunbury City Transit launched the new smart-card system in Bunbury—Western Australia's sixth largest city—last month. The single-chip smart-card provides
        57 words
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      66 22 a Any petrol can power your car, but Formula Shell XO does more. Its revolutionary formulation cleans your engine as you drive, giving you a silky, smooth ride. Powerful Vaporon™ energy boosters unleash extra |vm energy the instant you step on your accelerator. It's the most advanced petrol of its
      66 words
    • Advertisement
      Page 22 Advertisements Column 2
      4 22 brought to you by
      4 words
Page thumbnail Page 23
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon SembCorp to privatise and delist 63%-owned SembResources
      544 23  -  Minority holders to get 730 SembCorp stocks for every 1,000 SSL shares By' Ven Sreenivasan [SINGAPORE] Diversified conglomerate SembCorp Industries (SembCorp) is privatising its 63 per cejat owned Sembawang Resources Ltd (SRL) in an exercise which will see the latter delisted from the
      Source:  -  544 words
    • Article
      Property stocks soar on govt land decision, Allgreen listing
      320 23  -  By, Ang Wan May [SINGAPORE] Property stocks surged yesterday, sparked by the listing of Allgreen Properties tomorrow as well as news that the freeze on government land sales will not be lifted, at least for the moment. "I think generally people
      320 words
    • Article, Illustration
      Lock icon OG buys Albert Complex from Pidemco for $83.5m in keen contest
      500 23  -  By, Ang Wan May [SINGAPORE] Pidemco Land, a unit of the Singapore Technologies group, has sold Albert Complex at Rochor Road to department store operators OG Ltd for $83.5 million. The sale, which was brokered by Knight Frank and
      ARTHUR LEE  -  500 words
    • Article
      Parkway debt to fall to $660m from $830m
      395 23  -  Trade Mart sale will kelp put company ahead of its debt reduction schedule By Rahita Elias ISINGAPORE] Parkway Holdings, which expects to do much better this year than last year, will see its gearing drop by about 30 per cent to just
      395 words
    • Article
      Keppel Land, Ampam to set up property fund
      397 23  -  MAJOR PROPERTY DEALS Fond to raise USs3oom for S'pore, Asia investments By Lilian Ang [SINGAPORE] Listed Keppel Land and AMP Asset Management Australia (Ampam) are setting up a property fund which aims to raise US$3OO million (Sssl3 million) to invest in real
      397 words
    • COMPANIES
      • Article, Illustration
        Lock icon Listing may value PCRD unit at US$650m or more
        428 24  -  PCRD cautions that proposed listing of insurance unit in Hongkong may or may not materialise By] David Boey [SINGAPORE] Pacific Century Regional Developments, which dazzled the stockmarket with a 220 per cent price jump on Tuesday, will hold a substantial stake
        Source: Bloomberg  -  428 words
      • Article
        SIA seals alliance with United Airlines
        461 24  -  Industry sees it as coming close to joining Star Alliance By] Felix Chan [SINGAPORE] Seven down, one to go. Singapore Airlines (SIA) inched closer to throwing its hat into the Star Alliance ring, sealing an alliance with United Airlines earlier today. The agreement with
        461 words
      • Article
        Lock icon Air NZ denies it's agreeable to SIA-Ansett deal
        192 24 NonodyetforS'pore carrier to buy 50% stake, it says AFP [AUCKLAND] Air New Zealand yesterday denied reports it had agreed to Singapore Airlines (SIA) buying a halfshare in Ansett Australia, and said they were still work- ing through the formal process involved. Air
        AFP  -  192 words
      • Article, Illustration
        Lock icon F&N tie-up talk boosts San Miguel shares
        580 24  -  B shares buck market's fall to close 3% higher From, Al Labita in Manila SAN Miguel Corp's shares sizzled yesterday on talk that the conglomerate is forging an alliance with Singaporebased food firm Fraser Neave Ltd (F&N). SMC's B shares, which are open
        FILE PHOTO  -  580 words
      • Article
        Privileged insiders and disadvantaged outsiders
        621 24  -  HOCK LOCK SIEW Lee Han Shih DO small investors lose out when listed companies conduct exclusive briefings for investment analysts? Consider what happened on April 19 when Keppel Corporation had a briefing with analysts. Keppel shares rose 16 cents to close at $4.86 that afternoon.
        621 words
      • Article
        PT Astra loss hits 2.43t rupiah, but investors still see a 'buy'
        547 24  -  Group seen to gain from any fall in rates and higher rupiah From Shoeb Kagda in Jakarta INDONESIA'S largest car company, PT Astra International, yesterday reported larger-than-expected losses for 1998 but its share price rose by more than
        547 words
      • COMPANY Briefs
        • Article
          GRP hopeful of debt standstill deal
          116 24 [SINGAPORE] Marine equipment maker GRP Ltd said it is in serious talks to sell one of its properties, as the completion of its GRP Industrial Building in Bukit Batok has resulted in surplus space. Bank loans to finance the building has also resulted in
          116 words
        • Article
          Lock icon Hutchison to list overseas telecom units
          120 24 Reuters [HONGKONG] Hutchison Whampoa will list several of its telecommunications units on overseas exchanges in the next 12 to 18 months, the Hongkong Standard reported yesterday. "Many of its businesses will he listed soon," chairman Li Ka-shing was quoted as saying. The listings would
          Reuters  -  120 words
        • Article
          Lock icon CM Telecom in China Net market
          126 24 Reuters [HONGKONG] CM Telecom International plana to participate in the Internet services market in China by teaming up with Guangdong paging services operator China Motion Telecom Development Co (CMTD). CM Telecom said it had acquired 100 par cent of CM Internet Investment from third
          Reuters  -  126 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Goldman jumps 33% on debut to close past 70
        414 25 It's now No 3 US broker in terms of market worth Bloomberg [NEW YORK] Goldman Sachs Group Inc rose 33 per cent on its first day of trading as a public company, giving the 130-year-old investment bank the third-largest market value
        Bloomberg  -  414 words
      • Article
        Lock icon CWC back in the black with £140m profit on £2.6b sales
        388 25 But F***** to be hit by digital TV service costs, it warns Bloomberg [LONDON] Cable Wireless Communications pic (CWC), Britain's biggest cable company by sales, turned to a profit for fiscal 1999 from a loss the year earlier as
        Bloomberg  -  388 words
      • GLOBAL Briefs
        • Article
          Lock icon Royal Bank of Scotland profit jumps 19%
          78 25 Reuters [LONDON] Royal Bank of Scotland reported a 19 per cent jump in first-half profit yesterday and said it was confident of further strong growth, but ruled out buying building society Bradford Bingley at current prices. > Royal Bank posted a pre-tax profit
          Reuters  -  78 words
        • Article
          Lock icon ANZ Bank first-half earnings rise 15%
          66 25 Bloomberg [SYBNE Y] Australia New Zealand Banking Group Ltd, Australia's fourth-largest bank, said first-half earnings rose a better-than-expected 15 per cent as its domestic profits surged and job cuts reduced costs. Earnings for the six months to March 31 rose to As7l6 million (SsBo2
          Bloomberg  -  66 words
        • Article
          Lock icon IBM to unveil Windows CE hand-held
          108 25 Bloomberg [ARMONK, New York] International Business Machines Corp, the No 1 computer maker, will introduce a mobile device, its first computer to run Microsoft Corp's Windows CE operating system, to tap into the growing hand-held market. The Work Pad zso—eight inches wide, 10 inches
          Bloomberg  -  108 words
      • Article
        Lock icon AT&T and Comcast strike deal to end struggle for MediaOne
        514 25 AT&T to swap cable customers with Comcast which will ultimately become No 3 cable operator Reuters [NEW YORK] In a strange twist of circumstance, AT&T Corp and Comcast Corp cut a deal and ended an ugly bidding war for control
        Reuters  -  514 words
      • Article, Illustration
        Lock icon Pan-European market moves one step ahead
        371 25 London, Frankfurt bourses open up talks to 6 others FT [LONDON] A key obstacle to the creation of a single stock market for trading the shares of Europe's blue chip companies was removed on Tuesday, when the London and Frankfurt exchanges agreed to open
        FT; AFP  -  371 words
      • Article, Illustration
        Lock icon Murdoch's German TV strategy
        374 25 TM3 outbids rest to win broadcast rights to Champions League Reuters [BERLIN] Media mogul Rupert Murdoch's purchase of the rights to broadcast European Champions League soccer matches on his German TM3 station may give him the chance to become a major player in the German media
        Reuters; FILE PHOTO  -  374 words
      • Article
        Lock icon News Corp 3rd-qtr earnings dive 47%
        223 25 Bloomberg [SYDNEY] News Corp, the world's fifth largest media company, said its fiscal thirdquarter profit fell 47 per cent because of cable TV losses and lower film grosses compared with last year's Titanicdriven results. Profit from operations fell to US$l6B million (*****.6 million), or
        Bloomberg  -  223 words
      • Article
        Lock icon Trading profits boost Deutsche Q1 net 37%
        305 25 Reuters [FRANKFURT] Deutsche Bank yesterday reported a bigger-than-expected 36.5 per cent rise in net income in the first quarter of 1999 as trading profits surged 70 per cent, and said it was confident for the rest of the year. It said the result
        Reuters  -  305 words
      • Article
        Lock icon Deutsche Telekom selling shares near market price
        292 25 Sale could raise as much as 10.8b euros for acquisitions Bloomberg [BONN] Deutsche Telekom AG said it will sell shares at close to the market price in the continent's largest ever share sale as it seeks to raise as much as 10.8 billion
        Bloomberg  -  292 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Sharp drop in US bond prices, long-term rates at 9-month high
        569 26 Investors worry that rebound in rest of world will keep US growth strong and send inflation higher NYT [NEW YORK] Bond prices dropped sharply on Tuesday, pushing long-term interest rates to their highest level in nine months. There was
        NYT  -  569 words
      • Article
        Citibank's Malaysian operations post 9.8% rise in earnings
        441 26  -  NPLs peak at 4%; loans grow by 23% to RM7.3b From, Diana Oon Abdullah in Kuala Lumpur CITIBANK'S Malaysian operations yesterday reported a 9.8 per cent increase in aftertax profits to 219.5 million Malaysian ringgit (5598.2 million), ending a "challenging year better
        441 words
      • Article, Illustration
        Lock icon New US dollar coin unveiled
        65 26 [WASHINGTON] Randy 7 Hedow Teton posing with the new US dollar coin featuring the likeness of Sacagawea and her baby at the unveiling ceremony here on Tuesday. Teton was the model for the coin that features the Shoshone Indian woman who joined the 1804-1806 Lewis
        REUTERS  -  65 words
      • Article
        Lock icon Shareholder pacts barred in French bank bids
        318 26 Reuters [PARIS) French banks Paribas and Societe Generate cannot use shareholder pacts to fight off hostile bids by Banque Nationale de Paris (BNP), French market watchdog COB said on Tuesday. By not making the pacts public when they agreed to merge, or when
        Reuters  -  318 words
      • Article
        Lock icon Fidelity said to have switched some funds from tech to energy
        363 26 Bloomberg [BOSTON] The biggest US mutual fund company, Fidelity Investments, sold a net US$ll.3 billion (5519.3 billion) worth of technology stocks in the first quarter and used some of the proceeds to buy energy and financial services stocks, an
        Bloomberg  -  363 words
      • Article
        Lock icon Shanghai futures bourse opens for trial trading
        141 26 AFP [SHANGHAI] Shanghai's new futures exchange, created by a merger of the city's former metals, commodities and food-oil exchanges, opened for trial trading this week, the official Shanghai News reported yesterday. On its inaugural day of operations on Tuesday, the exchange saw "stable"
        AFP  -  141 words
      • Article
        Futures rise amid institutional buying
        127 27  -  u« Tjeports MSCI Singapore Index Edward Cheung, Jardine Fleming IT was a one-way street for the MSCI Singapore Index yesterday as the market rose relentlessly. Institutional buying continued as fund managers looked to re-weigh their regional portfolios in favour of Singapore. Buying interest in property
        127 words
      • Article
        Futures trade lower as rally loses steam
        164 27  -  MSCI Taiwan tatores Cecilia Loh Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract feU 4.5 points yesterday, unable to sustain its rally. The benchmark TWSE Index plummeted 15.88 points, accounted by computer-relat-ed stocks following the plunge in the Nasdaq Composite Index.
        164 words
      • Article
        Lock icon Opec sees its output and share of world oil market going up
        393 27 ENERGY REPORT Reuters [LONDON] Oil production by Opec should rise substantially together with its share of the market in the next millennium, Opec secretary-general Rilwanu Lukman said yesterday. He told a conference in London that world demand for
        Reuters  -  393 words
      • Article
        Lock icon CURRENCY REPORT
        303 27 Reuters London THE dollar rose by nearly a yen to three-week highs in holiday-hit trading yesterday, boosted by the prospect of capital flows from Japan, analysts said. The euro, meanwhile, rose to one-week highs against the dollar amid some indications that a peaceful resolution might be reached to
        Reuters  -  303 words
      • Article, Illustration
        Untitled
        1169 27 MTERBAHg CROSS RATES J rfT HK1 tod to faptofc Yw Wow ntHZSHfctsPwo S$ UK SfrKT$M< Hmt W$ 0-959 a£2 1210 5.112 28.180 53.292 0.797 7.8% 2.506 1.184 ***** 24.915 1.122 4.010 0.994 2U» ***** 0.404 0 660 Ar 170# n 5 231 1262 5-330 29.379 55.559 0.831 8.232 2.613 1235
        1,169 words
      • Article
        Untitled
        1540 27 81C0M FUTURES May 5 HMKX (MimclMlRg K4t SJO*«) RSSICOHTRACTOcMtiAq) ClOM VotaM OpM Koto low 3tt (tOMM) Irtorert JN§99 ***** ISO JW99 ***** T75 99 106.00 275 Sip 99 109.00 175 Oct/Dec 99 112.50 900 J*n/W* 00 H6.00 BSS 3 CONTRACT A&CMbAf) VMM OpM mwtt mil U» W (twrnl MemI Jon
        1,540 words
    • Article, Illustration
      Lock icon HONGKONG
      1344 28 AFP PHangSeng +2&52 HONGKONG share prices edged up 0.2 per cent yesterday to post their fifth consecutive gain, overcoming early weakness caused by an overnight decline on Wall Street, dealers said. Michael Ng, deputy managing director of Sassoon Securities, said no fresh buying incentives had emerged but property counters
      AFP  -  1,344 words
    • Article, Illustration
      Lock icon CHINA
      503 28 Reuters FlShenafaeoß Index ♦037 SHENZHEN'S hard currency B shares ended firmer yesterday on light bargain-hunting interest from local investors as the market digested corporate earnings news in the wake of the annual reporting season. The B share index edged up 0.37 point to 56.56 on turnover of HKJIO.S million,
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  503 words
    • Article
      Lock icon TAIPEI
      304 28 AFP QWP Index -15£8 TAIWAN share prices slipped 0.2 per cent yesterday as investors locked away profits from the previous day's strong gains, analysts said. The Taiwan Stock Exchange Weighted Price Index lost 15.88 points to 7,572.16 on a turnover of NTJ140.45 billion. "Investors rushed to lock in profits
      AFP  -  304 words
    • Article
      WORLD STOCK MARKETS
      1895 28 lomson MntfUi myi Hmi 31 Group 6.83 -0.08 Abbey National 14.18 -0.06 A B Foods 4.60 unci) A B Ports 2.83 0.02 Alliance Leicester 922 -O.tl A Mod Domecq 5.45 0.02 Allied Zurich 8.16 -0.15 Anqto American Gold 4U0 -190 ASOA Group 1.99 -0.07 Bank of Scotland
      1,895 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        7836 29 prefects <*** Last Vet Day Net Cap WH> Law Cjjjjig «an OOP High Law P/t $w 310 255 Ajinomoto 310 10 6 310 300 17.1 125.6 S5 44 Anqkese 79 2 tt3 79.5 77 114.5 283 220 Apollo Food Hlg 250 unch 4 250 250 8.7 100 0 204 113
        7,836 words
      • Article, Illustration
        Lock icon KLCI clears key 700-point level
        311 29 AFP H Composite Into +12.31 MALAYSIA'S key stock index soared 1.8 per cent yesterday to breach the 700-point psychological barrier on the back of local and foreign buying, dealers said. The Kuala Lumpur Stock Exchange Composite Index (KLCI) rose 12.31 points to finish at 710.59,
        AFP  -  311 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2149 30 S2-*k Lul Vet Day Laat Ouate Ave Hlglt Low Strra Company Sale ♦er- COOO) Hkqn Ln Buyer >««•( Mo 23.5 3 t 3160 "Acer ******1U5S 22.5 *2 796 233 21 22.5 23 34 4.5 1 3164 Acma ******4 31.5 *2 1355 32.5 30 31.5 32 JO 30 25.5 S 3161
        2,149 words
      • Article
        Super Coffeemix wrt: numbers not exciting
        182 30  -  WARRANT WATCH -By! R Sivanithy ONE warrant which has not been featured here for some time now but which has shown signs of life recently is Super Coffeemix. At first glance, the warrant appears promising. Like Bonvests Holdings, which incidentally has turned out to
        182 words
      • Article
        CLOB INTERNATIONAL
        207 30 H0N0K0N6 I^B8S8M8^fl*****8888BEE8S8HKB9KK8H8B8i Or Or U Wi LMt V« Day Lwl OtMto Mr Hi W W M Cm Hl» Lam ttno C«n—ny St* rOOO) Mt» L— 8mv Ww CV W t— 345 T73 5123 CDL*****) MK 3T7 5 CO 2J 4 317.5 3173 3173 325 8 3.7 2.5 W.6
        207 words
    • Article, Illustration
      Lock icon JAKARTA
      714 30 AFP POwMogtelndei +1516 INDONESIAN share prices jumped 2.8 per cent yesterday, led by banks on speculation that more foreign banks are set to buy into local institutions, dealers said. A dealer at a Singapore brokerage said he was surprised by the strength of the market's gains, which reflect foreign
      AFP  -  714 words
    • Article
      Lock icon SYDNEY
      655 30 AFP P All Primaries -42^ AUSTRALIAN share prices slumped 1.4 per cent yesterday as profit-taking coupled with a dive on Wall Street eroded recent positive sentiment, brokers said. The All Ordinaries Index ended 42.2 points lower at 3,041.70. The All Industrials Index dived 67 points to 5,315.40 while the
      AFP  -  655 words
    • Article
      Lock icon WELLINGTON
      297 30 AFP CI Wellington NEW Zealand shares fell 1.4 per cent yesterday due to a pullback on Wall Street, dealers said. The NZSE-40 Capital Index was down 32.58 points to 2,234.32 on turnover of NZ$l29 million. Falls outstripped rises 68 to 32 among the 168 stocks traded. —AFP T* (000)
      AFP  -  297 words
    • Article
      Lock icon MANILA
      300 30 AFP Q Manila -17J7 PHILIPPINE share prices closed 0.7 per cent lower yesterday on profit-taking as the release of data showing lower inflation in April failed to cheer investors, analysts said. The Composite Index fell 17.17 points to finish at 2,447.67. Turnover climbed to 1.8 billion shares worth 3.38
      AFP  -  300 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD"
      6643 31 Transaction date May 5 Htah 2 *L» b*f? J5L Day LotQvott ofv ON YM Mat Cap A*J atw comaany SM COOP) Ht» Lao »uyar Sa8ar C'rr P/t JmSprtea MULTHNDUSTIY 49 5 m j!;!"* 5? cd 2 2831 ,2 5 118 10 3.3 4.2 9.7
      6,643 words
    • Article
      SESDAQ
      1164 31 ~°"u. j'tt t 22 !2i? s Aut< "fe "5 »s Iff M ns M SN T U HI UU TV» z g 5 as Slog SSMIoJZZSr r h 3 S J]- 5 U 7 ,5 3 f 109 V V ,5° 38 '2 b 2002 Aztec* Sc 29 -0.5
      1,164 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        380 32 Stocks Votam CM Telecom HK75c 57,409,000 Asia FoodiProp 46.107,000 Notung Inv MT5 40,928,000 Hotel Prop 18,342,000 HK Land USIOc 18,236,000 Orchard P 50c 17,270,000 S Coffeemix 5c 16,592,000 Nai SunHup *02 14,850,000 FHTK Htdqs 20c 14,570,000 *TanChonglnt50c 13,674,000 Stodu U08 Foreign 70,302,518 SiA Foreign 47,933,284 OCBC Foreign 38,161,801 DBS Land
        380 words
      • Article, Illustration
        STI hits new 1999 high as focus fails on US$ stocks
        631 32  -  STOCK MARKET COMMENTARY Bow's dip shrugged off as property stocks also burst into life in afternoon trading By R Sivanithy AN explosion of rotational interest in US-dollar and other foreign currency stocks yesterday helped the local market shrug off
        631 words
      • ON THE GRAPEVINE
        • Article
          See,it's settled
          99 32 THE bitter feud at listed Kian Joo Can Factory will come to an end soon but it's unclear whether the See family will lose control of the listed company. As a settlement of the family squabble, KPMG Corporate Services will sell all or part of the shares and
          99 words
        • Article
          Just think
          74 32 WONDERING how to lead your company into the knowledge economy? Just think all the time, urged Chan Chin Bock, chairman of EDB Consulting Group, at a recent seminar. If you scoff at the idea, hell tell you again that evidence shows that humans use only one per cent
          74 words
        • Article
          Market talk lifts MAS shares
          114 32 TWO weeks ago, shares of Malaysian Airline System Bhd (MAS) we* languishing at below 2.50 Malaysian ringgit apiece. Analysts said the shares were weighed down by market concerns about what the restructuring path chosen by Tajudin Ramli for the national carrier would be. Mr TaJudin
          114 words
        • Article
          Mierspierson scores hat-trick
          87 32 DUTCH financial institution Mierspiersoi has scored a hat-trick—it has been named the "Best Commodity Bank" for the third time since 1904. This is no mean feat as Mierspierson faced stiff global competition. Its Singapore branch played no small part in clinching the award for Mierspierson as it
          87 words
      • Article, Illustration
        HOT STOCK
        67 32  -  By Wong Wei Kong CM Telecom shot up 13 US cents to U550,385 yesterday with 57.4 million shares traded, compared with its 10-day traded average of 4.7 million shares. The RSI, Stochastics and MACD indicators are not supportive of the stock at these levels. The stock has hit
        67 words
  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      70 23 THE KEY TO YOUR UK PROPERTY FINANCE flflf mmm I B Highly competitive interest rate Fast and convenient service Flexible loan package Pre-purchase approval No pre-payment penalties For further information, please contact either Eileen Tan or Amy Wee at Tel: (65) *****33 and Fax: (65) 225 8013. The Royal Bank
      70 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      81 24 mm i iServicesl IServicesl Lamda Prints iDuratrans Commercial Exhibition (direct output from diskette) Enlargement tor Display Lighted Digital Injet Print (up to 600 dpi) Box (Up to 20ft) Digital Retouchino of Trans. Duraclear, Display Trans Computer SJides Presentation R3 Slide to Print, Slide Duplicating Lamination ■gBPOBMH. Mounting on Kapafne Board,
      81 words
    • Advertisement
      Page 24 Advertisements Column 2
      9 24 FOR SALE DY TENDER PARKLANE SHOPPING MAIL Chesterton 8288
      9 words
    • Advertisement
      Page 24 Advertisements Column 3
      12 24 FOR SALE DY TENDER FACTORY AT KIAN TECK PR Chesterton 221 8288
      12 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      89 25 Wc provide consultancy services on offshore structures, shelf companies and incorporations in All jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants For
      89 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      757 26 (Incorporated in the Republic of Singapore) NOTICE OF THIRIY-FIFTH AMWPAI GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Fifth Annual General Meeting of the Company will be held at Merchant Court Hotel, Elmwood Room, 20 Merchant Road, Singapore *****1 on Thursday, 10 June 1999 at 10.00 a.m. for the following
      757 words
    • Advertisement
      Page 26 Advertisements Column 2
      116 26 The fit survive... but only the best get chosen. 1999 Enterprise 50 nominations are now open Companies can nominate themselves by completing the official nomination form. Companies must be home-grown, privately-owned and incorporated under Singapore's Companies Act (1994 Revised Edition) with four years of audited statements. Nomination forms are available
      116 words
Page thumbnail Page 27
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Page 28 Advertisements Column 1
      70 28 Hhhl KjJA..A!!^Xt^ixti^tXij-l-i. < i** 11 k'v m k lil i. 'j? HP |*®> W^ j|u ffSl 11 The Tokyo market was closed yesterday Or make your dream a reality with a piece of reatty. Whether you're in the market for a luxurious bungalow or an affordable apartment, you can find
      70 words
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      111 29 NOTICE IS HEREBY GIVEN that, I FOO DOON CHUAN of Blk 161 Toa Payoh Lorong 1 #08-1588 S'pore *****1, have applied for a Beer House First Class Licence in respect of M/s Hong Yi Investment Pte Ltd located at 42 East Coast Road #02-00, Lai Lai Building S'pore *****2 and
      111 words
    • Advertisement
      Page 29 Advertisements Column 2
      104 29 NOTICE IS HEREBY GIVEN that I, OH BENG HWEE of Blk 769 Pasir Ris St 71 #13-336 Singapore *****9, have applied for a Ist1 st Class Beer House in respect of M/s Fragrance Hotel-Ruby located at 10 Lorong 20 Geylang Singapore *****0, and that this application will be considered by
      104 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Page 30 Advertisements Column 1
      110 30 NOTICE IS HEREBY GIVEN that I, LEE YUEN CHUEN of Blk 333 Ang Mo Kio Ave 1 #09-125 Singapore *****3, have applied for a Retail Liquor Shop Licence in respect of M/s Shun Cheng Trading Medical Hall located at Blk 4 Toa Payoh Lor 7 #01-125 Singapore *****4, and that
      110 words
    • Advertisement
      Page 30 Advertisements Column 2
      110 30 NOTICE IS HEREBY GIVEN that I, CHUA CHENG THE of Blk 490, Jurong West Ave 1 #11-17 Singapore *****0, have applied for a Wholesale Beer Shop Licence in respect of M/s Sim Lee Heng Investments Pte Ltd located at Blk 4, Unit 20, Pasir Panjang Distripark Singapore *****2, and that
      110 words
    • Advertisement
      Page 30 Advertisements Column 3
      173 30 BH HMHH NOTICE IS HEREBY GIVEN that I, TAN SOON TECK of 25 Jarisen Road, Jansen Mansion *03-04 Singapore *****9, have applied for a Public House, First Class licence in respect of M/s Shokadou Sushi Japanese Restaurant located at 81A Clemenceau Ave #01-13 UE Square Singapore *****8, and that this
      173 words
    • Advertisement
      Page 30 Advertisements Column 4
      122 30 NOTICE IS HEREBY GIVEN that I, LEE SOON ADC of 85 Yishun St. 81 *05-05 Singapore *****7, have applied for a Retail Beer Shop Licence in respect of M/s Windy Trading located at 1034, Sembawang Road Singapore *****3, and that this application will be considered by the Liquors Licensing Board
      122 words
Page thumbnail Page 31
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Page 32 Advertisements Column 1
      1538 32 Are you making money off the market? Let DBS Investor Online help you pick hot stocks! Call 438-1188 today BDUSBANK THE STRAITS TIMES CLASSIFIED f&S I CATS YOUR GUIDE TO MORE PRODUCTS SERVICES TrrL,, Buy It. Sefl It. Find R. wmmmmmm NOTICES To advertise call toll-free 1800-741 1883 Fax No:
      1,538 words
    • Advertisement
      Page 32 Advertisements Column 2
      236 32 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of Wally Pte Ltd (Incorporated in the Republic of Singapore) Members' Voluntary Winding Up NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company, which is being voluntarily wound up, are required on or before 5
      236 words
    • Advertisement
      Page 32 Advertisements Column 3
      198 32 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of Wally Pte Ltd (Incorporated in the Republic of Singapore) At an Extraordinary General Meeting of Wally Pte Ltd duly convened and held at 12 Prince Edward Road, Bestway Building #02-04 Podium A, Singapore *****2 on 30
      198 words
Page thumbnail Page 33
  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      166 33 Bridge News, Reuters MONDAY saw a slow start to the week with on-going holidays curbing trade, brokers said. There has been no Change in Panamax rates. Some talked of rates now having peaked. Futures went into free-fall amid talk that the high physical levels paid on Friday had
      Bridge News,; Reuters  -  166 words
    • Article
      MARITIME STOCKS
      295 33 *mi a m CWT Distribution 0.92 0.04 305 ChuanHup 1.00 unch 951 Cosco Investment 1.04 unch 377 Freight links 0.28 0.01 6827 0B HoMtogs ._0.63 unch 153 KM Sun Hup 0.71 0.01 2079 IMC Hoidlngs-HK 5.60 unch 0 Jeya Ho;:*nga 0.90 0.01 779 Jurong Shipyard 7 JO 0.15
      295 words
    • Article, Illustration
      ITF gets strong support for ban on substandard ships
      501 33  -  FOC system permits illegal activities: trade onions, environmentalists By] Felix Chan [SINGAPORE] Several international union organisations and Greenpeace have joined the International Transport Workers Federation (ITF) in calling for an all-out ban on substandard flags of convenience (FOC). A new report.
      501 words
    • Article
      Bargains that may become costly mistakes
      736 33  -  NEWBUXLDS By. David Hughes THERE has been considerable activity in the newbuilding scene over the past fortnight with some particularly interesting orders featuring in this week's new orders list. Interesting new bulk carrier orders may be, whether they are welcome given the current market
      736 words
    • Article
      Lock icon P&O sets up container terminal venture in Turkey
      316 33 It will build, operate USs2oom terminal with Turkey's Enka Holding Bloomberg [LONDON] Britain's Peninsular Oriental Steam Navigation Co (P&O) and Turkey's Enka Holding Yatirim have formed a joint venture to build and operate a US$2OO million (Ss34o million) container ship terminal in
      Bloomberg  -  316 words
    • PORT Shots
      • Article
        Regional conference on CADCAM
        78 33 (SINGAPORE] A regional conference on the application of C ADC AM will be held at the Ngee Ann Polytechnic today. The conference is aimed at enabling shipyards to update themselves on the latest trends in C ADC AM technology and how best to exploit it Organised
        78 words
      • Article
        Lock icon Smit Int'l unit in Chinese towing venture
        78 33 AFX-Asia [ROTTERDAM] SmitWijs Towage CV, a joint venture of Smit Internationale and Wljsmuller of {jmuiden, together with its South African partner Pentow Marine, has reached a cooperation agreement with Shanghai Towage/Coess, Smit Internationale said. No financial details were disclosed. The new alliance will
        AFX-Asia  -  78 words
      • Article
        Gorthon Lines chalks up higher profit
        82 33 [LONDON] Swedish forestry products carrier Gorthon Lines has reported an increased pre-tax profit, from 19.4 million Swedish kronor (553.9 million) to 20.3 million kronor. A statement also hinted broadly at a newbuilding programme saying: "The price of vessels remains low which means that new
        82 words
      • Article
        Video on stowaways launched
        69 33 (LONDON! UK-based maritime training provider, Videotel Marine International, has launched a new video package to help crews handle the growing problem of stowaways on board ships. "Coping with Stowaways" has been sponsored by A Bilbrough Co, managers of The London P&I Club, the Baltic International Maritime
        69 words
    • Article, Illustration
      Lock icon Fight is on against tariff fixing
      1317 34 EUROPEAN SHIPPING Trans-Atlantic Conference Agreement members now can't make separate tariff deals for European inland transport Port of Rotterdam CHRISTOPHER Welsh, secretarygeneral of the European Shippers' Council (ESC) in Brussels and Ferdinand Kranenburg, secretary of the Dutch shippers' organisation, EVO, can both look back
      Port of Rotterdam  -  1,317 words
    • Article
      SHIPPING SCHEDULES INDEX
      213 34 PACE ECl 5 ACL 6 Ewgreen 6 AMI 3 tongSun 8 It Accord 8 6Link 4 Appenship 5 Gemartrans 6 Austral 8 1 BaiaiiShpo 4 3 BSA 7 Heung-A 4 B'tang Mas 8 Hyundai 7 CCNI 7 ICFS 3 CMA 8 Interasia 7 COSCO 5 Intertransport 5
      213 words
    • Article
      SHIPPING GUIDE
      18871 41 THURSDAY, MAY 6, 1999 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Destn Name Name Number Number 22/05 11/06 COSCO CONCORD BRIDGE J920W 65-*****00 To ABIDJAN (ABJ) 2003 Cote 0'I voire 25/05 Chovang pusan senator
      18,871 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        702 45 VtSid VoyNo Bfth Arrival D«parture J— 1 Part 139-Hw J08 alongside 06 05/1500 Batirtcm 036 J23 alongside 05.05/2359 Bt Bt Jaya *****9 JO) alongside 05 05/1600 «W>o» *****9 J01 alongside 05.05/2359 «W 0399 J01 Homgside 05.05/1700 BtWnti 4 *****9 J01 alongside 06.05/0100 Oetienfuegos 02/99J J04 alongside 05.05/2100 E#nt
        702 words
      • Article
        CONTAINER SCHEDULES
        1757 45 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Boofclnq/Boloncc Rstls SWp Vo* No Etb/Btr Period From To From to <><*• 07/0700 U 05/1500 05/1659 05/1900 ovhoo os/*s* 05/1900 0VT700 06/0*59 06/WOO M 05/1700 06/0659 06/0900 06/0700 06/1159 06/1400 4 06/1200 06/1459 06/1700 SH 00/0700 U 05/1500 05/1659 05/1900
        1,757 words
      • Article
        GLOBAL HOLIDAYS
        185 45 May 13 Indonesia: Ascension Day. Germany: Ascension Day. France: Ascension Day. Austria: Ascension Day. Belgium: Ascension Day. Denmark: Ascension Day. Finland: Ascension Day. Switzerland: Ascension Day May 24 Germany: Whit Monday. France: Whit Monday. Austria: Whit Monday. Belgium: Whit Monday. Canada: Victoria Day. Denmark: Whit Monday. May 29
        185 words
      • Article
        COCKETT BUNKER MARKET REPORT
        780 45 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices far a more comprehensive description of the mar ket. Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        780 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        391 45 Cjrt0 WO Mm 995.1 0.9 19.8 0.10 66 0 09 n PmHy Wttr »wMm Art Atortrt— hggg No «ww £25 1 0 10 0 0 0 %N/N 390 Aw W.4 0.4 13.4 0.07 36 002 to" MO Mm 991.7 18 19.5 0.09 56 004 KOrI No
        391 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Asian airlines face profit squeeze as jet fuel prices soar
        764 46 Competition prevents carriers from passing rising costs to passengers Bloomberg [SINGAPORE] Asian airlines are likely to see profits squeezed by a surge in jet fuel prices as competition for passengers prevents them from passing on rising costs in the form
        Bloomberg; FILE PHOTO  -  764 words
      • Article, Illustration
        Lock icon Asia-Pacific launch for Audi coupe
        66 46 [SYDNEY] Two passers-by take a close look at one of 10 new Audi TT Coupes lined up at the Asia-Pacific launch, the first time that right-hand drive TT Coupes have been released on the world market. The 1.8 litre turbo-charged Audi, which ended Porsche's 23-year
        AFP  -  66 words
      • Article
        Lock icon SAS wants 150m kroner back from Norway
        155 46 Bridge News [COPENHAGEN] Scandinavian airline SAS wants as much as 150 million Norwegian kroner (5532.79 million) back from the Norwegian authorities, the business daily Dagens Naeringsliv reported yesterday. According to the paper, SAS has asked the municipality Akershus to return huge sums paid
        Bridge News  -  155 words
      • Article
        Lock icon No offer price set for sale of China Airlines stake: shareholder
        280 46 Bridge News (TAIPEI) China Aviation Development Foundation, a major shareholder of Taiwan's largest international airline China Airlines, has not reached any consensus on an offering price for a large stake it plans to sell, a foundation executive said. Yesterday's
        Bridge News  -  280 words
      • Article
        Lock icon China Eastern sees start to recovery this year
        437 46 Situation improving although passenger load is down AFP [SHANGHAI] Empty seats still plague China Eastern Airlines, one of the country's "big three" carriers, but company officials said a recovery from last year's record plunge into red ink was taking shape. "The passenger
        AFP  -  437 words
      • Article, Illustration
        Lock icon How low can you go
        43 46 [ANSAN, South Korea] A SU-31 flies near a crowd of South Koreans watching aerial displays at the Ansan Airshow 99. The nine-day airshow is being held to raise Korean people's interest in airplanes, according to the sponsors. REUTERS
        REUTERS  -  43 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1829 46 CUT fUOHT ETA FU6HT CIO S0325 M50 IH6373 2355 Adelaide 8A7381 1930 BA7382 2055 LH778 (60S S026 2355 0f81 1930 Of82 2055 NZ4578 1605 IM779 2359 AN8229 2230 S***** 1605 NZ4579 2359 LH6380 2230 BA7306 1815 S***** 2359 S0229 2230 w Amsterdam KL837 1455 GA972 0010
        1,829 words
  • Page 33 Advertisements
    • Advertisement
      Page 33 Advertisements Column 1
      313 33 European shipping Fight is on against tariff fixing Taca members now cannot make separate tariff deals for European inland transport. Pag© 2 rv. members... The Driving Force of Singapore Logistics Hub 1 H I I ist MIIU.ONI4NT UN«s nt uti> MDNDRT6 rA^rmiT'CC A m«mb*r of PHILI-ORIENT Lines Worldwide |l lM
      313 words
    • Advertisement
      Page 33 Advertisements Column 2
      21 33 Asian airlines face profit squeeze as jet fuel prices soar Competition prevents carriers from passing rising costs to passengers. Back Page
      21 words
Page thumbnail Page 34
  • Page 34 Advertisements
    • Advertisement
      Page 34 Advertisements Column 1
      642 34 reaawr i I NORTH AMERICA I QULFI INDIAN SUB-CONTINENT SUPER SHUTTLE EXPRESS 1 jQULF KARACHI EXPRESS (QKX) VESSEI VOYAGE IGO VESSEI VOT JEA (MM MM WO KM «X KG "IS"" 32W517 28 04 14/05 HO NEDUOYD DAMNUM 4Sf Jl/04 13/04 23/04 25/04 30/04 04/05 01/0S 09/05 OOQCHMA 31WS1I 05/05 23/05
      642 words
    • Advertisement
      Page 34 Advertisements Column 2
      84 34 A SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAW PORTS Hong Kong ft AM CWm Porto (EVERY thuh sun vosili VKSII VOY no SIN EWTYO nHol FTAYOK ETANfiO ha no MED TAICHUNG V.***** 09MAY JTMAY I
      84 words
    • Advertisement
      Page 34 Advertisements Column 3
      688 34 Cargo to C.1.5.? Refer to Oceanus Shipping On PG 13. EXPORT 3 x Japan -1 x Hongkong -1 x Manila -1 x Kooshiung, Keeiung (Accepting Fa to BKK/NAHA/SENDAI/CEBU/LCH) vissa voy wa jKt rou |Wa wnl hko kr khh 6m rro tok smz h66 uo AOtBAHUA OMi BIDS 07.05 Qt-05 1105
      688 words
    • Advertisement
      Page 34 Advertisements Column 4
      162 34 Lines services represented I' A MM ft Members o< the '(®1; by Members of ttie Registry of r*i Singapore Freight Forwarders Accredited Shipping Agents Association Singapore Shipping Association SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES SINGAPORE to BATAM, BIKTAN, KARIMUN SINGAPORE to BANGKA ISLAND A\ SINGAPORE to CILEGON HFticl SAMARINDA/BAUKPAPAN/BANJARMASIN
      162 words
Page thumbnail Page 35
  • Page 35 Advertisements
    • Advertisement
      Page 35 Advertisements Column 1
      1183 35 I SAX SERVKE (DIRECT) I KSSfI VOY SI ETA UU 1 OAK Ml HQulot GO. j*M AH KYC jWjDjWMUi 02H 05/05 20/05 25/05 25/05 26/05 25/05 26/05 "26/05 27/05 27/05 QUE 12/05 27/05 01/06 01/06 01/06 01/06 02/06 "0? Qfe Q3/Q6 037Q6~ QUI 19/05 03/06 06/06 OS/Q6 06/06 06/06 09/06
      1,183 words
    • Advertisement
      Page 35 Advertisements Column 2
      2596 35 ®HANJIN SHIPPING lIIF I t Ms My* iw sids *****0 HAMJM SHIPPING (S) PTE LTD hflp k«pr tw BOO*i KG *****35 737 SAIfS *****74 731 DOCUMENT *****/1 774 OPtRATIONS *****50 751 MAIN IINf *****55 FAX *****60 (1 NO *****9T0000M TO NW USA CANADA USA CANADA' H* VSI/VOY I IAM ISM
      2,596 words
Page thumbnail Page 36
  • Page 36 Advertisements
    • Advertisement
      Page 36 Advertisements Column 1
      1653 36 DSR-SCNATOR UNES TO UK/CONTINENT TO MEDITERRANEAN/CANADA VtSStL WT m LBt HTM WW HAM MV fU VtSStL VQY HOT GIT Sft FOS VIC MTR TRAKSELEIJI WQ92O 02 05 24 06 KO5 27 B 23 OS 25 M AN SMU WIM7I MO5 23 05 25 05 27 05 29 05 00 01
      1,653 words
    • Advertisement
      Page 36 Advertisements Column 2
      886 36 p MAC-NELS S PnRF M'SIA uTzTTj Carrier: MN CONTR LINES, INC p. guoang: (07)*****26 MX/ VZJ 1»OS7SOOOOe StBU: (084) *****9 MAMLA. (632)*****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P-KELANG: (03) *****77 JKT: (21) *****07 WON: (61) *****3 KUCHING (062) *****1-3 CALCUTTA I MADRAS MV "ORAM BREEZE" V.915N
      886 words
    • Advertisement
      Page 36 Advertisements Column 3
      514 36 LINE ay tili a««»4S6 mi •smii MUARA j LABUAN VBSa VOT FID ETA VESSE VOT ITS [TA SPORE MIARA SPORE IBM CAKAKA JNJ32 VIOE/W 07/05 10/05 CARAIA JN332 VIOE/W 07/0$ 11/05 JPROSFB VIOE/W U/05 14/05 JPROSW VIOE/W 11/05 IS/0S CAKAKA*332 VIIE/W 17/05 20/05 CARAKA*332 Vlll/W 17/05 21/05 J PROSPER VUE/W
      514 words
Page thumbnail Page 37
  • Page 37 Advertisements
    • Advertisement
      Page 37 Advertisements Column 1
      1534 37 [vessel voy khh hko sin pkg pqb dxb dmm Iba I bik IRAN TAKHTI PJLI346 07/05 10/05 11/05 20/05 21/05 22/05 24/05 26/05 IRAN TABATABAEI PCL-5103 12/05 14/05 18/05 19/05 28/05 29/05 30/05 01/06 03/06 IRAN LORESTAN PCL-5102 19/05 21/05 25/05 26/05 04/06 05/06 06/06 08/06 10/06 IRAN TEYFOURI PCL-5104
      1,534 words
    • Advertisement
      Page 37 Advertisements Column 2
      1943 37 Weekly Mrtd Calls to Mm (6 Dcyi) f l Nagoya (7 Days) Tokyo Dcys) J I SINGAPORE'S GfNfRAI AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (B/L) *****02 JOHORE OfFKECOSTAR SHIPPING PTE LTD #17-08 DBS HOG SALES/IKGS *****57/60 INWARD MPT (0/0) *****85 COSTAR AGENCIES (M) SDN BHD DtPT
      1,943 words
    • Advertisement
      Page 37 Advertisements Column 3
      321 37 V-—Eastern (I\h Liner, Ltd. V4A KKSIHOAKMiO PHITD 1 SPECIALIZE IN RORO C HEAVY UfT UPTO 450 TOHS| ECI (SINGAPORE) PTE UD LOADING FOR PORT KLANG/PENANG/BINTULU PORT KLANG/YOKOHAMA/OSAKA MV "LUNA AZUI" V. 18 MV "OCEAN BLUE" V.68 ETAPNn'?2/05/99 RA m l'i/M/W ETA SIN 10/05/99 ETA PKL 11/05/99 ETA PNN 1 2/05/99
      321 words
    • Advertisement
      Page 37 Advertisements Column 4
      29 37 ShippingTlmes "BUSINESSCENTRE Find out more about advertising that delivers your business facts through the fax. Your 24-hour round-the-clock instant info access centre to shipping services and products CALL: 740-2044
      29 words
Page thumbnail Page 38
  • Page 38 Advertisements
    • Advertisement
      Page 38 Advertisements Column 1
      1370 38 I EUROPtAIK/SCANDIWAVIA/RWIAWD/RUSSIA I F nFVfITF rwu (MK Im*cl ?P!!L miJL I"L E LMV LHV THP RDM ANW HBG PKL I SGP I I I DFOTLOPRWOM "5* S2® 31/ TO 01/06 02/06 E RIGHT RE 036 15D4 17/04 16/04 18/04 20/04 10/05 11/05 F nrrrffnKy ?22S «2S ?IS 04/06 09,1,6 E
      1,370 words
    • Advertisement
      Page 38 Advertisements Column 2
      1501 38 API ADVANCE CONTAINER LINES (PTE) LTD "vl»: TEL: *****21 FAX *****19 TELEX RS ***** ACLPL Ktt ROOKINGSPLEASfCAII: *****22 SAUS MARKETING :*****21-28 OPERATIONS: *****60? *****06 Cfl NO. **********0E ■AMOKOK JAKAKTA •(7 VOY Vtssa VOY JKT YANTRA BHUM (RMI 289N 6/5 Thu 9/5 Sun KOTA MAJU (UTC Ml lU9 7/7 tl o/c
      1,501 words
Page thumbnail Page 39
  • Page 39 Advertisements
    • Advertisement
      Page 39 Advertisements Column 1
      462 39 BSfl mm MYANMA fflßßk FIVE STAR LINE W (Myanmor National Liae) Loading for Yangon (Rangoon) VESSEL VOY SIN PKI PfN PGU lAGO VIO9W SID PINY* 163W SID MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUt: m (03)*****00 PKL Til (03) 376*101 PfN: HI (04)*****0? PGU: IE (07) *****21/4 121 bank line (A
      462 words
    • Advertisement
      Page 39 Advertisements Column 2
      1268 39 HYUNDAI MERCHANT MARINE CO., LTD. [VESSB VOY I SM I SOU IEH RTM ANT HAW BRV FB IYESSE VOYI SOU > IfH BTM ANT HAM BRV 1 FB f *S»T HY BARON 319W 07/05 24/05 29/05 02/06 03/06 ELK SS2E 12/041 117/*****/041 115/041 06/05 Naam oi3w 07/05 2S/05 29/05 23/05
      1,268 words
    • Advertisement
      Page 39 Advertisements Column 3
      868 39 WyTTTI nowegai spedofaed outocomers Wilhelmsen Lines TO NORTH AND LATIN AMERICA "RORO HEAVYUFT SERVICE" [VESSEL VQT RAMP HEIGHT I SIH I LAX CRL MIA SAV Ml QRF NYC KW MOB ['J® 400 T <> 3M 10 OS 10/06 1 9 06 22/06 24/06 26/06 27/06 29/06 03/07 06/07 1 400
      868 words
Page thumbnail Page 40
  • Page 40 Advertisements
    • Advertisement
      Page 40 Advertisements Column 1
      2080 40 BANGKOK/ MAP TA PHUT/ LAEM CHABANG JAKARTA/PAN JANG VESSEL VOY SIN it<K MTP LCH VESSEL VOY SIN JKT PJN ANAN BHUM 111N In Pt 08/05 07/05 BRIGITTE 001 In Pt 08/05 NANTA BHUM" 444N 05/05 08/05 09/05 GURU BHUM 127S 05/05 09/05 YANTRA BHUM 289N 06/05 09/05 08/05 GURU BHUM
      2,080 words
Page thumbnail Page 41
  • Page 41 Advertisements
    • Advertisement
      Page 41 Advertisements Column 1
      59 41 [3SSKI CWT GLOBELINK INTRODUCES LIBYA BENGHAZI WEEKLY DIRECT GROUPAGE •TRIPOLI TO SOUTH AMERICAN PORTS See Our Ad On PG 12 OCENUS SHIPPING AGENCY PTE LTD (EVERY TUES) NEW CUINE^^fSISIfi PACIFIC LINE Our Schedules Are NEW SERVICE On PG 5 FROM ASIA TO PACIFIC SWIRE SHIPPING uAQ TU IAfCCT AGENCIES PTE
      59 words
Page thumbnail Page 42
Page thumbnail Page 43
  • Page 43 Advertisements
    • Advertisement
      Page 43 Advertisements Column 1
      50 43 MBnaißiii STEM~k Dial 740-6000 on d€mandl —mU (Retrieve more schedules!) Press "1" I Select the port and key in the four digit code —eg: To New York (NYQ 2275 Key in your fax number I your phone number Another innovative service offered by The document Will be shipping times fag^sigj^
      50 words
Page thumbnail Page 44
Page thumbnail Page 45
  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      132 45 LEGEND: R Thunderstorm Temperoture c X\ V Shower Weather -V Wind direction with speed m knots Rom Cloudy Sky Wove height Surface winds ore indicated by arrows which fly with the wind W One fu« circle represents calm Nght ond vonoble wmds W One holt fleche represents 5 knots L—
      132 words
Page thumbnail Page 46
  • Page 46 Advertisements
    • Advertisement
      Page 46 Advertisements Column 1
      42 46 JOB WANTED 38 years old MASTER MARINER and passed LEAD AUDITOR'S COURSE FOR ISO ISM with 5 years experience in shipping agency job in Mumbai seeks an opening in Singapore, having small family. Contact Tel No. 91-22-*****60 or goutamgoswami hotmai 1 .com
      42 words