The Business Times, 21 May 1999

Microfilm: NL21497
Total Pages: 60
1 60 The Business Times
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  • Title Section
    Masthead
    11 1 iTheBusinessTimes MITA (P) 046/12/98 85c SINGAPORE /nfe^wj^http^^^jgbiess-times.asial.com.sg/ FRIDAY, MAY 21, 1999
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  • Article
    MARKET SUMMARY
    56 1 QSu* (+15.39) WA 7MJB (-3.39) ninna ramus ii ***** (-1.00) gjUHEIMh mnaiBKBrinn nmraday Chaofs ILK COUP 771.62 NIKKEI i«,199J9 +7LS1 HANG SENG 12J7M2 -27.71 SET INDEX 47IM 4M JAKARTA COUP _MU» MANILA COUP —2JMMQ -2LB TAffHWPI ?JM&88 -472 SEOUL COMP 7Q&60 -2U8 CL8A CHINA B 670.41 +U2 AU8TALLOSD_XKUI
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  • Article
    FINANCE
    77 1 FOBEX BATES U8I St USt L78 £{USJ/SSper£) till 177S ElFRO(USS/8$ per E) 1.084 L8H DM iJM IJV7 YEN Ilift LS8S* KM tm 0.4H HKS 7.714 tm BAHT 17.11 MM RUPIAH at mm mm PHMB1ATES SINGAPORE* 5.88 KUALA LUMPUR 11JI JAKARTA SMI BANGKOK 14.71 MANILA &M BONO BONO 1021 TlffH
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  • Article, Illustration
    New closed-end fund offer for Clob shares
    1207 1  -  M'si&n prince says his proposal will price stocks closer to market values From. Ruth Wong, Eddie Toh, Conrad Raj A NEGRI Sembilan prince has come up with a fresh proposal for a closed-end fund for the billions of ringgit worth of frozen Malaysian
    1,207 words
  • Article, Illustration
    KLSE not a Mickey Mouse exchange: Najib
    422 1 We reproduce below an exchange that took place in Hongkong yesterday between Malaysian Education Minister Najib Tun Razak and a Singapore banker during a conference organised by CLSA Global Emerging Markets Question: Minister, if I may pursue Malaysia's view that (Clob) was an
    422 words
  • Article
    DBS Land buys 48% of ANA, triggers general offer
    601 1  -  Price of $2.48 apiece is 1&8% discount to dosing price By. Ang Wan May [SINGAPORE] In a deal which analysts say is a bargain, DBS Land is buying a 48.3 per cent stake in ANA Hotels Singapore Ltd for $57.5 million
    601 words
  • Article, Illustration
    Lock icon SBS, Tibs – listed transport giants in the making
    502 1  - SBS, Tibs listed transport giants in the making SBS to operate new merge with Tibs By< Christopher Tan [SINGAPORE] Two public transport giants are taking shape on the stock market. As listed bus operator SBS clinched the coveted contract to operate the North-East MRT line, the current MRT operator, SMRT,
    Source: Reuters  -  502 words
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      108 1 IHtUDE vv >-v v J Eqprt rtkmmi The long wait for a trade recovery appears to be over, as non-oil exports grew a surprisingly strong 8.5% in April, figures released by the Trade Development Board yesterday show, Pg2 flwpi'i Uiliimu Full text of US Fed chairman Alan Greenspan's testimony to
      108 words
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      20 1 KL open to other private Clob solutions: Najib, Pg 4 UOL Is buyer of last resort for Tangs, Pg 17
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      7 1 FCC bays Leonie Hill apartments, Pg 2
      7 words
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      90 1 Jzk II r 1 /j V\ «HL -■IB i /■HP* H^l m M M I H| ~B Hr *1 "fl HI I my J r k y Heir to a proud watchmaking tradition S, w gMSPV Slfl Kfl V A Wm*^^^M pRAf^. pr^R Chopard Boutique. Orchard Road 65/737 64 51,
      90 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Non-oil exports recover strongly – up 8.5% in April
      484 2  - Non-oil exports recover strongly up 8.5% in April Analysts expect external boost to spill over to other parts of economy By< Audrey Tan THE long wait for a trade recovery appears to be over, as non-oil exports grew a surprisingly strong 8.5 per cent in April, figures released by the
      Source: Bloomberg  -  484 words
    • Article, Illustration
      Lock icon Ermenegildo Zegna's sales show strong growth
      502 2  -  Singapore set-up applying for regional headquarters status By\ Rahita Elias ITALIAN men's fashion house Ermenegildo Zegna, which officially launched its flagship Paragon store yesterday, has seen a 50 per cent year-on-year surge in retail sales this month. Paolo Zegna, co-chief executive officer of Zegna
      SIEW YAW HOONG  -  502 words
    • Article
      Lock icon S'pore economy still frail: Barclays
      218 2 Reuters [SINGAPORE] Singapore's economy remains vulnerable although first-quarter growth confirms expansionary policy has begun to yield favourable results, Barclays Capital said. "The Singapore economy remains vulnerable and it is too early to call a shift to a neutral policy stance," Barclays said in a research
      Reuters  -  218 words
    • Article
      Petrosin launches Web site to net foreign talent
      332 2  -  Recruitment service free for employers and job seekers By Toh Han Shih FROM today, foreign talent from all over the world can find employment with Singapore firms through a recruitment Web site at www.recruitasia.com. "We are helping the government to attract foreign
      332 words
    • Article, Illustration
      Lock icon MTI sees two-tier recovery
      352 2  -  EYE ON THE ECONOMY Business activity By. Anna Teo SINGAPORE firms may be lagging multinational companies as the economy pulls out of the downturn, suggesting a "possible two-tier recovery", the Ministry of Trade Industry has said in the first-quarter economic survey. Bank loans to local manufacturing
      Source: BT-CBRD survey  -  352 words
    • Article
      FCC buys Leonie Hill apartments
      361 2  -  By, Aug Wan May FIRST Capital Corporation has bought all but one of the apartments in a 44-unit Leonie Hill serviced residence block. The mainboard-listed property company is paying $24.97 million to a company owned by low profile businesswoman Doris Khoo for 43 units in
      361 words
    • Article
      Lady Hill house sold for $7.4m at auction
      332 2  -  By] Rahita Elias A DETACHED house on Lady Hill Road, which belonged to tycoon Peter Kuah, went for $7.4 million at a Knight Frank auction yesterday. The two-storey 16,300 sq ft house, which comes with a swimming pool, was expected to be
      332 words
    • Article, Illustration
      Lock icon Simex S$ interest rate futures may see July launch
      565 3  -  Sources say the underlying instrument is main issue to be ironed ont By I Siow Li Sen THE Singapore International Monetary Exchange (Simex) is finally going to launch the much awaited Singapore dollar interest rate futures contract and it could happen
      FILE PHOTO  -  565 words
    • Article
      Asia's private banking poised for growth
      732 3  -  Sapid recovery in equity markets has boosted business By Siow Li Sen ONE would have thought that with the regional economic crisis having decimated many of Asia's fat cats, the private banking industry would be in a limp. Not so. With the industry having
      732 words
    • Article
      Royal Bank of Canada, BA launch Net deposit account
      458 3  -  Service designed for frequent travellers, expatriates By\ Catherine Ong THE Royal Bank of Canada (RBC) and British Airways are launching an offshore deposit account through the Internet which will accept any major currencies including the Singapore dollar. Singaporeans can open an
      458 words
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      521 2 HBHI Fu Vu Manufacturing Limited (Incorporated in the Republic of Singapore) Ul [Notice of Annual Genera? Meeting] T.J, NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Ballroom 1, Raffles Marina Ltd, 10 Tuas West Drive, Singapore *****4 on Tuesday, 8 June 1999
      521 words
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      414 2 UNDETEVES-JACOBERG LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifty-first Annual General Meeting of Lindeteves-Jacoberg Limited will be held at 15 Tai Seng Drive #05-00, Singapore *****0 on Tuesday, 8 June 1999 at 10.30 a.m. for the following business: AS ORDINARY BUSINESS 1 To receive and
      414 words
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  • ASIA ON THE MEMO
    • Article
      Lock icon S Korea Q1 GDP growth up 4.6% in dramatic turnaround
      617 4 Rebound prompts central bank to declare clear recovery for economy AFP, Reuter, Bloomberg [SEOUL] South Korea posted a 4.6 per cent gross domestic product (GDP) growth rate in the first three months to March in a dramatic turnaround in its
      AFP,; Reuter,; Bloomberg  -  617 words
    • Article
      KL open to other private Clob solutions: Najib
      503 4  -  Solution should be acceptable to both offeror and offeree From Quak Hiang Whai in Hongkong THE Malaysian government will keep "an open mind" to other possible private initiatives to resolve the issue of frozen shares formerly traded on Singapore's over-the-counter market Clob
      503 words
    • Article
      Lock icon Yuan devaluation no help to exports: economist
      253 4 Reuters [BEIJING] A devaluation of the Chinese yuan would not help revive exports hit by slackened Asian demand, Pu Yonghao, senior economist at the Bank of China International (UK) was quoted yesterday as saying. "Under the current circumstances, a devaluation will neither sharply
      Reuters  -  253 words
    • Article, Illustration
      Lock icon US$ unlikely to rise above 130 yen: Japan official
      298 4 Minister, central bank governor calm over yen's recent fall Bridge News AFP TAKASHI Imai, head of the Federation of Economic Organisation (Keidanren), said yesterday that he doesn't expect the US dollar to rise above 130 yen. When asked whether the interest
      Bridge News; AFP; REUTERS; Source: Bloomberg  -  298 words
    • Article
      Lock icon Investors hail US$2b M'sian bond offering despite Mahathir's rhetoric
      649 4 Export-oriented economy has good growth potential Reuters [NEW YORK] Malaysia's first big bond offering since the 1997 financial crisis is getting a warm response from international investors, despite the frosty rhetoric they endured last year from Prime Minister Mahathir Mohamad. Dr
      Reuters  -  649 words
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      116 4 .-"a* shift fe* "HANG ON TO YOUR HAT f i] AND SMASH YOUR CRYSTAL BALL." T« fown or Tom Peters imagination really happening. And it's called The Power of Corporate Kinetics, the first new business model for today's unpredictable world. Learn how leading companies and people everywhere are starting to
      116 words
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      251 5 Leve/3 {jemS V I —W Mi f 1 I WRHBB *sSiw I mag L n Vk fc w i^—hi 11 WnrriOTiTwUl FT -~.«»»••*•> 1M Jl J 1 J I 1 n IT J k L tt ifi HI T it en jSz^H ■NBSBL r r 'pPw* MmMSL Only At Robinsons
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  • REGION
    • Article, Illustration
      Dr M reshuffles cabinet ahead of general elections
      662 6  -  Political analysts puzzled over dropping of two loyalist ministers Reports by Eddie Toh in Kuala Lumpur MALAYSIAN Prime Minister Mahathir Mohamad has reshuffled his cabinet in a bid to strengthen the government ahead of a general election, which may be called within
      662 words
    • Article
      Batam meet clears up minor bilateral issues: Dr M
      241 6 Issnes include logging, trading and crossings at border [KUALA LUMPUR] Malaysia and Indonesia yesterday discussed bilateral matters, including ways to tackle the rising number of illegal Indonesian immigrants entering Malaysia. Malaysian Prime Minister Mahathir Mohamad said the number of illegal Indonesian
      241 words
    • NOTE Book
      • Article
        Lock icon Pertamina to sell stakes in refineries
        86 6 AFP [JAKARTA] Indonesia's state-owned oil company,. Pertamiria, will begin a privatisation process by offering stakes in its seven oil refineries, a Btsnis Indonesia report said yesterday, it quoted Pertamina managing director MartkmoHadiantoas saying however that the refineries would not be offered to foreign investors
        AFP  -  86 words
      • Article
        Lock icon Indon foreign direct investment drops
        76 6 AFX-Asta [JAKARTA] Foreign direct investment during January to April 15 totalled US9BK million (551.61 billion) for 279 projects, chairman of Indonesia's Investment Coordinating Board, Hannah Har, said after preeenting his letter of resignation to President B J Habibie, Kompas reported. "The foreign direct investment during
        AFX-Asta  -  76 words
      • Article
        Lock icon GE to invest US$20m in Thai plant
        53 6 AFP [BANGKOK] GE Plastics of the US yesterday said it plans to invest US$2O million (5134.4 million) in its first manufacturing plant in Thailand. The plant in Rayong will produce around 30,000 tonnee a year of thermoplastic resin after it ODens in mid-2000,
        AFP  -  53 words
      • Article
        Lock icon Hanoi fines to stop US$ quotes
        72 6 Reuters [HANOI] Vietnam will soon issue a decree outlining fines to be imposed if rules aimed at curbing the habit of quoting prices in US dollars are broken, a report said yesterday. Nguyen Doan Hung of the central bank toki the Saigon Times Weekly
        Reuters  -  72 words
    • Article, Illustration
      Lock icon US urged World Bank, others to delay aid to Indonesia
      416 7 WASHINGTON Rabin says move was to ensure money wouldn't be diverted to election Bloomberg AFP THE US urged the World Bank to delay more than US$l billion (Ssl.7 billion) in loans to Indonesia until after the June 7 elections to
      Bloomberg; AFP; REUTERS  -  416 words
    • Article
      Lock icon Beijing sets up credit-rating firm for bank loans
      316 7 HONGKONG AFP CHINA has taken the first step towards a national cred-it-rating system for individual bank loans, setting up its first credit-investigation company here, an official with the firm said yesterday. A handful of municipal government departments joined hands with the Shanghai
      AFP  -  316 words
    • Article
      Lock icon HK property speculation is back, says Li Ka-shing
      248 7 HONGKONG He wants govt to release land to stabilise market Reuters CHEUNG Kong (Holdings) Ltd chairman Li Ka-shing says he sees renewed signs of speculation In Hongkong's residential property market and has urged the government to supply more land to stabilise flat
      Reuters  -  248 words
    • Article
      Lock icon China mulling re-registering foreign loans before '98 moves
      420 7 HONGKONG Bat illeg&l forex borrowers will be punished Reuters CHINA'S foreign exchange watchdog yesterday signalled an easier stance on foreign debt caught in a legal grey area when tighter capital controls were imposed in 1998, the Hong Kong Monetary Authority (HKMA) said.
      Reuters  -  420 words
    • Article
      Lock icon LG Semicon to sell 59% stake to Hyundai Elec
      441 8 SEOUL 2.6t won deal will create the world's largest memory chip business Bloomberg HYUNDAI Electronics Industrial Co, one of South Korea's top three electronics makers, said yesterday it sealed a landmark deal with LG Semicon Co to form the world's largest
      Bloomberg  -  441 words
    • Article
      Lock icon Strong earnings cast doubts on Aussie slowdown forecasts
      289 8 SYDNEY -Reuters [SYDNEY] Improving Australian corporate profits could lead to a rethink about forecasts that slower business investment would have an impact on economic growth through 1999, analysts said yesterday. The surprisingly strong increase in March quarter company profits up 5.5 per
      -Reuters  -  289 words
    • Article, Illustration
      Lock icon India's Congress party expels three rebel leaders
      283 8 NEW DELHI AFP INDIA'S main opposition Congress party yesterday expelled three senior leaders who had labelled Italian-born party president Sonia Gandhi a liability because of her foreign origins. Congress spokesman Pranab Mukherjee told reporters after a meeting of the party think-tank, the Congress
      AFP; REUTERS  -  283 words
    • Article
      Lock icon 'Family-friendly' NZ Budget in surplus but short on measures
      266 8 WELLINGTON Operating surplus boosted by sale of state power utility Reuters NEW Zealand yesterday unveiled an election year surplus in a Budget boosted by an asset sale windfall, but widely seen as being short on new legislative measures. The centre-right minority
      Reuters  -  266 words
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      2491 6 6oll>en Caatle /inante ItfGl CORPORATION LIMITED I A* (incorporMad in Singapore) AND ITS SUBSIDIARY COMPANY BALANCE SHEETS DECEMBER 31,1996 7. fixed, savwos ano other deposits GROUP COMPANY QBQUE CQMPAMI MMB JIM IfflZ IMB LH7 f T T T LIABILITIES ANO SHAREHOLDERS' EQUITY flame 11 54.763,141 55.827,646 54,763.141 Snare capita/ and
      2,491 words
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      104 7 1 Travel hasn't lost its magic 3PE7^ri^B*r*^9^~ <O !Ei J Sir <\7jH"' njP-II \%lo.© < (V \Mfw& IB^I *****11 Master m?*sX Geographic ///Vx With Its ISSK ingenious xf%\ system for fi&alQ displacing ?rappr time zones, the Master Geographic is in a world of its own. Just select a city, and
      104 words
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      2662 10 ■A HONG LEONG FINANCE LIMITED and Subsidiaries (Incorporated in the Republic of Singapore) BALANCE SHEETS AS AT 31 DECEMBER 1998 The Group Th« Company Th* Qroup Ths Company Not J.JJ® J,®®! J** NO** I*B 1997 1906 1997 $000 OCO 000 000 fooo $'000 two $'000 SUBCAPITAL FIXED ASSETS 12 88,086
      2,662 words
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      2480 11 Jjjfe HONG LEONG FINANCE LIMITED vf^jeSI y ar| d Subsidiaries (Incorporated in the Republic of Singapore) 11. ACCEPTANCES. GUARANTEES AND OTHER OBLIGATIONS PER CONTRA 1t ||JII 11 11 WITH 20. OPERATING M4COME Theee ere commitmerrta entered Into by the Group and the Company on behalf d customer* for which The
      2,480 words
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      712 12 ■Bit B^Bf^ jjJitwiriß//M^^K Jiy^^WflKCTl^^^Yy,V.» t '*v *^fr.^*- •%< *v n. f t •/v |^^fr^BtfPiO|SßSjft3j^JOfPftjQfcM^K^vv7vvyfflW7^^^^W|y x.' *L L *J" v OJxjSqSS .^V f* J< /////////JM^^^M^^r Introducing Global Currency Fund Currency investments with unit trust flexibility and affordability Now you can enjoy the best of both currency investments and unit trusts with
      712 words
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  • THE WORLD
    • Article
      Lock icon Brokers see Fed raising US rates by Nov: poll
      370 13 NEW YORK Reuters A MAJORITY of leading Wall Street brokerages expect the Federal Reserve to raise interest rates in the next six months, and many see a move as early as this summer, according to a new Reuters poll. Fourteen of
      Reuters  -  370 words
    • Article
      Lock icon US trade deficit in March touches a record US$19.7b
      616 13 WASHINGTON Economists may lower their growth forecasts on disappointing data Reuters THE US trade deficit hit a record US$l9.7 billion (5533.9 billion) in March, the third record in a row as imports of both goods and services hit their highest levels
      Reuters  -  616 words
    • Article, Illustration
      Lock icon Improvements needed in world economy: Rubin
      589 13 WASHINGTON This will help in ability to handle financial crises Bloomberg IMPROVING the global economy's ability to handle financial crises rests on a variety of improvements ranging from better information to investors to stronger bankruptcy laws and sound monetary policy, US Treasury Secretary Robert
      Bloomberg; AFP  -  589 words
    • Article
      Roche, BASF to pay record US$725m fines for fixing vitamin prices
      542 13 WASHINGTON Firms found guilty after 18-month probe by Justice Dept Bloomberg ROCHE Holding AG and BASF AG agreed to pay record US fines totalling US$725 million (Ssl.2 billion) and plead guilty to criminal charges that they conspired to fix
      Bloomberg  -  542 words
    • Article
      Four killed when Nato bomb hit hospital
      128 13 BELGRADE AFP NATO warplanes struck a hospital, the Swedish embassy and Norwegian and Spanish ambassadors' residences in Belgrade yesterday as work on a peace plan gathered pace, prompting Italy to raise the prospect of a pause in the air war. Four people were
      AFP  -  128 words
    • Article
      Thailand presses on for vote on WTO chief issue
      612 13 BANGKOK, AFP THAILAND warned yesterday that time was too short for a third candidate to break the deadlock in the WTO leadership race amid growing Asian calls for a vote on the contentious issue. For its part, New Zealand rebuffed threats
      AFP  -  612 words
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      131 13 1 iffiliV\l lli i\ PafciT^dayZTMay'mT Manchester Business School and the University of Wales, Bangor offer this unique distance learning MBA in financial management and will open in June 1999 a dedicated centre in Singapore to support students on this prestigious programme. Manchester Business School is one of the worlds leading
      131 words
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  • FOCUS
    • Article, Illustration
      Girding the infrastructure of finance
      2025 14 The Mowing is the text of US Fed chairman Alan Greenspan's testimony to the House Banking Committee yesterday WE at the Federal Reserve are in broad agreement with the approach outlined by Secretary Rubin (on improving the "architecture" of the international financial system), and expect
      FILE PHOTO  -  2,025 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      India will not open currency markets further
      800 15  -  THE BOTTOM LIMB OPINION By Prem Shankar Jha THE International Monetary Fund (IMF) seems to have learned nothing and forgotten nothing. Seven of its executive directors made a visit to India recently that had first been planned three years ago. In a seminar
      800 words
    • Article
      IN OTHER WORDS
      118 15 'I will not participate in this specifically British debate on war theories.' German chancellor Gerhard Schroder declaring that his country would block the alliance from fighting a land war which Britain seems to favour. 4 I feel that we've finally joined the club of developed nations.' Ymchi
      118 words
    • Article
      Howard's stalled tax reforms
      638 15 EDITORIAL Australian Treasurer Peter Costello was surely being deliberately ambiguous when he said the government's tax reforms would not come at the expense of good economic policy. The fact is, his plan to reform the tax system with the introduction of a 10 per cent goods
      638 words
    • Article, Illustration
      Clinton facing fierce debate over Kosovo
      918 15  -  The nso&l bipartisan support to a US war effort is missing amid charges of amateurish crisis management By] Leon Hadar FOREIGN policy crises, especially an American involvement in a war abroad, tend to provide a US president with an opportunity to project his leadership
      FILE PHOTO  -  918 words
    • Article, Illustration
      WHAT THE OTHERS SAY
      1039 15 Peaoewtaia in Israel ETERNAL vigilance is the price of peace. Israel has just demonstrated that it has imbibed the lessons of the axiom, forgotten by humanity so often this century with disastrous consequences. Three years ago a complacent majority in the Jewish state let the country
      1,039 words
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  • WORLD CUP CRICKET
    • Article
      England and S Africa set for a big match
      680 16 The top World Cup cricket clash comes tomorrow-the day of the FA Cap final Reuters [LONDON] The top box-office clash of the World Cup's first round pits bookmaker's choice South Africa against home favourites England at The Oval tomorrow, the same
      Reuters  -  680 words
    • Article, Illustration
      England needs to stoke fervour
      650 16  -  The host has to sustain crowd interest as India and Sri Lanka risk an early passage home if they lose any more matches, says SHAHTROW SHAHIRON SAHARI The writer, based in Sydney, watched the matches on TV THE English are known for their reserve but
      650 words
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      38 16 T T W w W*. 4- N m *-> w it I^. I >A. > f ?i I If: Business Vision STAY AHEAD WITH THE LATEST NEWS 1 EVEN IN YOUR OFFICE K ~C^ EXPERT OPINIONS >*, U EXCELLENCE IN NEWS
      38 words
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  • COMPANIES & MARKETS
    • Article
      Ipco's board of directors quits en masse
      652 17  -  MD, Deputy MD have sold almost all their shares By < Carol Eng [SlNGAPOßE] Ipco International's entire board of directors has quit, paving the way for new Indonesian shareholder Purwadi to gain control with only 5.14 per cent Two of the directors outgoing
      652 words
    • Article, Illustration
      UOL is buyer of last resort for Tangs' property
      595 17  -  If property has to be sold to repay loan, it will be by public auction: source By i Corinne Kerk [SINGAPORE] United Overseas Land (UOL) will only be the "buyer of last resort" of CK Tang's prime Orchard Road property in
      FILE PHOTO  -  595 words
    • Article
      Time for Parkway to think of a name change?
      647 17  -  HOCK LOCK SIEW Rahita Elias PARKWAY Holdings' announced sale of its halfshare in Trademart Singapore earlier this month was a spot of good news for the healthcare group's shareholders. The building sold for $480 million will realise some $175 million in
      647 words
    • Article, Illustration
      Jurong Shipyard looks set to win $250m order
      379 17  -  Deal may come soon: sources; meanwhile, JSL buys sister firm By. David Boey {SINGAPORE] Jurong Shipyard Ltd, moving from strength to strength, yesterday announced a $12 million purchase of a sister shipbuilding firm and looks poised to clinch a contract worth more
      Source: Bloomberg  -  379 words
    • COMPANIES
      • Article, Illustration
        PCRD plans HK$3.4b property venture: report
        412 18  -  It also plans share placement in S'pore to tap up to HKslb, says HE paper From< Quak Hiang Whai in Hongkong RICHARD Li's Pacific Century Group could be unveiling more spectacular asset manoeuvres again, less than three weeks after the group launched its takeover
        412 words
      • Article
        S'pore electronics stocks in demand on strong export data
        314 18  -  Transport, tobacco shares also in focus on market-moving developments By Ven Sreenivasan [SINGAPORE] Market-mov-ing developments in the electronics, transport and tobacco sectors saw stocks in these sectors hogging the limelight yesterday. The unexpectedly strong April export figure saw punters piling into
        314 words
      • Article, Illustration
        SembCorp Logistics to buy SOPS stake for $36.3m
        345 18  -  It says move is in line with business rationalisation By\ Felix Chan [SINGAPORE] In a further move to rationalise its business units, listed SembCorp Logistics (SCL) said it will acquire the remaining existing share capital of Singapore Offshore Petroleum Services (SOPS) for
        FILE PHOTO  -  345 words
      • Article
        Promet defaults on $64m repayments to 4 S'pore firms
        376 18  -  OCBC and Hong Leong Finance among creditors From Ruth Wong in Kuala Lumpur MALAYSIA'S financiallytroubled Promet Bhd said in a statement yesterday that it has defaulted on payments of principal and interest amounting to U5527.13 million (5546.7 million) and 5517.03 million
        376 words
      • Article
        Lim brothers sell large stakes in Bolton
        288 18  -  From Eddie Toh in Kuala Lumpur LIM Yan Hai and brothers have sold off big chunks of Bolton Bhd, paving the way for deal-maker Samsudin Abu Hassan. Eldest brother Yan Hai, who used to jointly control 32.23 per cent of the listed property
        288 words
      • Article
        Liang Court: Koh Boon Hwee steps down
        157 18 LIANG Court Holdings yesterday announced that Koh Boon Hwee has stepped down from his position as its deputy chairman and chief executive officer with effect from Wednesday. The announcement comes just two days after the listed company announced the appointment of two of
        157 words
      • Article
        Lazard Asia now looking at three more acquisitions
        672 19  -  CEO says Sing Tao takeover a good learning experience From l Quak Hiang Whai in Hongkong AROUND June last year, investment bank Jardine Fleming came to Patrick Cheung with a deal which was soon to make history. The straight-talking Lazard Asia chief
        672 words
      • Article, Illustration
        Rothmans, BATS shares blaze ahead
        385 19  -  By Ven Sreenivasan [SINGAPORE] The stocks of the two locally-listed tobacco companies went on the boil in the wake of the conditional cash offer for their free float shares by UK-based British American Tobacco pic yesterday. Rothmans leapt to a high of $16 in early
        Source: Bloomberg  -  385 words
      • Article, Illustration
        Ow Cho Kiat buys Sydney's Ritz-Carlton
        440 19  -  As44mpriceisa bargain, he says less than half what it cost developers Byi Conrad Raj [SINGAPORE] Singapore hotel and shipping tycoon Ow Cho Kiat has pulled off another coup by buying one of Sydney's most prestigious hotels, the Ritz-Carlton, for As 44 million (5550.2 million).
        FILE PHOTO  -  440 words
      • Article
        CM Telecom unit to provide services to China firm
        206 19 [SINGAPORE] Hongkong and Singapore-listed CM Telecom International said its subsidiary CM Internet (Hongkong) (CMIHK) yesterday entered into a letter of intent to provide Internet-content services to Shenzhen's China Motion Internet Service (CMIS). The companies agreed that the provision of services by
        206 words
      • Article
        PacNet buying Aussie ISP Mira Networking
        90 19 [SINGAPORE] In its first foray into Australia, Nasdaqlisted Pacific Internet (PacNet) yesterday said it is buying Mira Networking, an Internet service provider (ISP) in Australia. "This acquisition is the first of many steps that we plan to take in building a na- tionwide Internet
        90 words
      • Article, Illustration
        Colex hits a high on news of govt contract
        361 19  -  But the stock closes just one cent higher at 3&5 C after profit-taking ensues By David Boey [SINGAPORE] Colex Holdings, the year's cheapest initial public offer, touched a new high yesterday as punters welcomed news that the Sesdaq-listed company had bagged
        Source: Bloomberg  -  361 words
    • INTERNATIONAL COMPANIES
      • Article
        GE Capital to buy Phoenix Home Life reinsurance ops
        390 21 ContiFin&nci&l, Washington Mutual also announce their own buy-out plans Bloomberg, Reuters [NEW YORK] In the latest wave of merger activity sweeping the financial services sector, three major companies on Wednesday announced plans for huge acquisitions. The most prominent among them was
        Bloomberg,; Reuters  -  390 words
      • GLOBAL Briefs
        • Article
          Sanwa Bank suffers 653.45b yen loss
          87 21 Reuters [TOKYO] Amid rekindled market concerns that Japan's banking woes may linger without an economic recovery, Sanwa Bank said yesterday that it stayed in the red last business year as it set aside reserves of US$6.7 billion (5511.5 billion) to mop up bad loans.
          Reuters  -  87 words
        • Article
          AOL members spent US$1.8b in Q1
          51 21 Bloomberg {VIRGINIA] America Online Inc (AOL), the world's largest online service, said its subscribers spent US$l.B billion on goods and services from Internet retailers through AOL in the first quarter. Over 1.7 million first-time online shoppers bought through AOL during the quarter, the company
          Bloomberg  -  51 words
        • Article
          Olivetti has 9% of Telecom Italia
          75 21 Reuters [MILAN] Olivetti's takeover bid for Telecom Italia picked up pace but failed to match bourse expectations on Wednesday when the amount of shares offered to Olivetti rose to 9 per cent with two days to go. Olivetti and Telecom Italia shares soared on
          Reuters  -  75 words
      • Article, Illustration
        Katzenberg's contract was breached: judge
        388 21 Bloomberg [LOS ANGELES] Walt Disney Co, the world's second-largest media company, breached former studio chief Jeffrey Katzenberg's employment contract and owes him a bonus that he claims is worth as much as US$25O million (Ss43o million), a judge ruled yesterday. Retired Superior Court Judge Paul
        Bloomberg  -  388 words
      • Article
        Snag in case against NYSE illegal trading
        258 21 iTosecutors unable to prove how much defendants profited NYT [NEW YORK] The federal government's high-profile case against a group of stockbrokers charged with illegal trading on the floor of the New York Stock Exchange (NYSE) has run into a significant snag. Prosecutors said
        NYT  -  258 words
      • Article
        The era of change has just begun, AT&T chief tells AGM
        267 21 Reuters, Bloomberg [HOUSTON] AT&T Corp chairman C Michael Armstrong told shareholders on Wednesday the past year of growth and bold acquisitions is just the beginning of plans to revitalise the nation's largest phone company. "Our biggest challenge as a
        Reuters,; Bloomberg  -  267 words
    • FINANCE & COMMODITIES
      • Article
        US banks may have to restate Q2 profits
        315 22 Securities watchdog makes threat over non-compliance with accounting roles Bridge News (NEW YORK] The Securities and Exchange Commission (SEC) will force banks to restate their second-quarter earnings if they do not comply with new accounting standards dealing with loan loss reserves, the
        Bridge News  -  315 words
      • Article
        US body to delay derivatives rule
        306 22 Reuters [NEW YORK] The Financial Accounting Standards Board (FASB) on Wednesday decided on a one-year delay to changes in accounting standards for reporting financial derivatives. The changes, contained in Financial Accounting Standard (FAS) 133, are aimed at giving investors a better understanding of the
        Reuters  -  306 words
      • Article
        Haussmann cuts stakes in Soros, Robertson funds
        254 22 Bloomberg [PARIS] Prompted partly by performance, Haussmann Holdings NV, which invests in other hedge funds, reduced its stake in portfolios rim by George Soros and Julian Robertson to put more cash with US stock managers. Haussmann, with US$3.5 billion (Ss6 billion) in assets,
        Bloomberg  -  254 words
      • Article, Illustration
        Credit Lyonnais posts Q1 profit of 100m euros
        343 22 Bloomberg [PARIS] Credit Lyonnais SA, France's fourth-largest bank, said first-quarter profit tripled and bad loan charges halved, compared with a quarterly average for 1998, as it prepares for its sale by the state. The bank said net income rose to 100 million
        Bloomberg; FILE PHOTO  -  343 words
      • Article
        Barclays to cut 6,000 jobs in UK retail, corporate banking
        563 22 Banking group will take £400 m restructuring charge Reuters [LONDON] Leading British banking group Barclays said yesterday it was cutting 6,000 jobs in Britain this year as it fights to stay competitive in a business transformed by technology and globalisation.
        Reuters  -  563 words
      • Article
        Futures retreat after rise over trade data
        145 23  -  ESMESLReports fgVfff ffltigppnro TwUwr Edward Cheung, Jardine Fleming THE MSCI Singapore Index opened slightly higher yesterday on the back of Wall Street's overnight gains but then drifted for most of the morning session. The release of the April export figures at midday sparked
        145 words
      • Article
        Futures recover some lost ground
        176 23  -  MSCS Taiwan fatarw Juliana Loo Na Na Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract yesterday rose 1.2 points for the first time this week. Electronics, computer-re-lated and textile shares jumped because of a sudden rise in demand in the coming months. The
        176 words
      • Article
        Oil prices near recent lows as exports from ex-Soviet Union boom
        313 23 ENERGY REPORT Reuters [LONDON] Oil prices lingered near recent lows yesterday as booming oil exports from territories of the former Soviet Union (FSU) undermined Opec's supply restraints. International benchmark Brent fell back briefly below US$l5 a barrel in early
        Reuters  -  313 words
      • Article
        CURRENCY REPORT
        332 23 Reuters THE dollar remained weaker than 125 yen and US$l.O6 per euro yesterday but was likely to attack those levels in the near term, analysts said. "The dollar could go up towards 125 yen from the 120 range that it's been stuck in recently," said Trevor Williams, senior
        Reuters  -  332 words
      • Article, Illustration
        Untitled
        1194 23 HTBRBAME CROSS RATES Mm 20 US C$ trt> faw Ffr Pw HK$ tedtaNt* Van Won m Hu> S$ *mi iT$ N—4 US$ AmtraKa 0.973 6.171 0.622 4083 1217 5.135 ***** 53.973 0325 7.924 2317 1209 ***** 25.099 1140 4.1K 0.997 ***** ***** 0.411 0.662 Canada 102* 5.652 0.640 4.196 1252
        1,194 words
      • Article
        Untitled
        1732 23 8IC0M FUTURES May 20 KMDI (Mm dMiao as <t SJOm) ISS1 CONTRACTS ctatsAq) Ctou VotaM OftM f MmM Mjgli Uw Sott (tOMOt) hrttfrt Jm99 102.50 SO M99 »X25 775 A* 99 105.00 375 Sep 99 106.00 275 Otf/Dec 99 112.50 1500 Jn/Mv00 117.25 RSS 3 CONTRACT (US cwtiAq) VotaM Open
        1,732 words
    • Article, Illustration
      HONGKONG
      1330 24 AFP P&mgSeng -27.72 HONGKONG share prices dropped 0.2 per cent yesterday as investors moved to the sidelines due to continued concerns over the direction of US interest rates, dealers said. "There is not much buying interests as investors were sidelined over worries on the direction of the US market
      AFP  -  1,330 words
    • Article, Illustration
      CHINA
      543 24 Reuters n Shenzhen B Index *034 SHENZHEN'S hard currency B shares closed higher yesterday, buoyed by a steep rise on the domestic A share market, brokers said. Market talk of new funding sources for brokerages was behind the A share advance, and some of the buying enthusiasm spilled over
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  543 words
    • Article
      TAIPEI
      326 24 AFP QWP Index -6.72 THE Taiwan market closed 0.1 per cent lower yesterday as late profit-taking eroded early gains amid cautious sentiment, dealers said. The Taiwan Stock Exchange Weighted Price Index slipped 5.72 points to 7,608.88 on a turnover of NT5138.37 billion. Advancers led decliners 282 to 166. The
      AFP  -  326 words
    • Article
      WORLD STOCK MARKETS
      2216 24 LMBON <'-^5 -'-V sf>v%'% Industrials May 20 Pwmi *h 31 Croup 7.00 0.15 Abbay National 13.25 0.27 A B Foods 4.97 0.05 A 8 Ports 2.86 0.03 Alllanca Lalcastar 8.80 0.17 Alllad Domacq 5.61 0.01 Alllad Zurich 8.00 0.09 AnqtoAmortcanCotd 42.20 0.40 ASOAGroup 1.82 0.01 Bank of
      2,216 words
    • Article
      TOKYO
      1586 24 AFP Hwkkeiaas +7LBI SHARE prices in Tokyo closed 0.4 per cent higher yesterday as late buying erased losses on profit-taking, brokers said. The market "rallied as investors hunted bargains" in late trading, said Mayumi Araki, equity department manager at Daiwa Securities Co Ltd. The key Nikkei index of 225
      AFP  -  1,586 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Index up slightly, broader market lacklustre
        388 25 AFP, AFX-Asia Composite Index +XB9 MALAYSIAN share prices rose 0.5 per cent yesterday due to institutional support for gaming counter Genting Bhd, but the broader market remained lacklustre, dealers said. A research manager with a local brokerage said the market was taking a breather.
        AFP,; AFX-Asia  -  388 words
      • Article
        Untitled
        8563 25 MUmiTIWI Cmmmmt pnMi Laat Vat Day Net Cap HN> Laar ClWMUT Wt *000 High Lew P/t 360 255 AJInomoto 360 10 n 360 342 19.9 145.9 >06 46 Angkasa 107 14 534 108 94 157.8 290 220 Apollo Food Hlg 276 4 11 280 270 9.6 110.4 204 115 Ber)aya
        8,563 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2154 26 BONM, LOANS 1WASKAMTS Mtafc"'"?-- >-*•« Vel Oay LastOuete Aw| WHW Low Stne Company Sato **r- COOO) High Low Buyer Seller Pile* ?f J. J 1 "Acer ******1 OSS 20 -1 133 21.5 20 20 21 3164 Acma W*****4 28.5 *0.5 469 29 28 28 28.5 29 30 16 > 316)
        2,154 words
      • Article
        OCBC Fin wrt: much hinges on extension
        174 26  -  WARRANT WATCH By Ven Sreenivasan YESTERDAY, we featured the neardated warrant of Eltech Electronics, which looks likely to follow in the footsteps of Freight Links Express in seeking a two-year extension. Today, we shall look at the OCBC Finance warrant, which could also
        174 words
      • Article
        CLOB INTERNATIONAL
        205 26 Cr fir M Last Val Day last Ouoto Dtv Mv VM Nat M Cap Hmi L— Stna Campany W. rOOO) Mm» L— Buyar 5—ar CV >/t 345 173 5123 COL (2000) HK 325 id 282.5 325 8 3.7 2.5 n 6292.5 5124 Crttvrv Pac 20c HK—720 265 2.1
        205 words
      • Article
        WELLINGTON
        283 26 AFP Q Wellington -3&56 NEW Zealand share prices fell 1.6 per cent yesterday on uncertainty about Telecom Corp's move into Australian telecommunications company AAPT, dealers said. The NZSE-40 Capital Index fell 35.55 points to 2,135.14 at the close on turnover of NZ5174.99 million. —AFP m,t» 1 rmm Advantage MOS
        AFP  -  283 words
      • Article, Illustration
        BANGKOK
        858 26 AFP Dbtmb -aj THAI stocks closed down 0.8 per cent yesterday as the market consolidated recent gains, dealers said. Share prices closed lower on continued profit-taking led by finance stocks, with sentiment undermined by rumours that Securities One could write down its capital, dealers said. The benchmark Stock Exchange
        AFP  -  858 words
      • Article
        SEOUL
        368 26 AFP P Composite Intel -2138 SOUTH Korean share prices fell 3.6 per cent yesterday on foreign and programme selling triggered by weak futures and a declining yen, dealers said. They said the heavy futures selling by both foreigners and institutions spilled over into the spot market. The Korea Stock
        AFP  -  368 words
      • Article
        SYDNEY
        651 26 AFP P All Primaries -28J AUSTRALIAN share prices fell one per cent yesterday on a futures-led afternoon sell-off that hit many blue chips, especially in the resource sector, brokers said. The All Ordinaries Index slipped 28.6 points to close at 2,952.60. The All Industrials Index closed down 34.8 points
        AFP  -  651 words
      • Article, Illustration
        JAKARTA
        674 26 AFP Composite Index +0.45 INDONESIAN share prices closed mixed and off their highs yesterday in volatile trade with gains dampened by political concerns, dealers said. A dealer with Lippo Securities said the market rose significantly in the morning session, breaching the 600point level, but fell in the afternoon before
        AFP  -  674 words
      • Article
        MANILA
        322 26 AFP P Manila -2LC2 PHILIPPINE share prices closed 0.9 per cent lower yesterday amid fears that a possible US interest rate increase could spike Asia's economic recovery. The Philippine Stock Exchange Composite Index shed 21.62 points to 2,369.20. Volume fell to 2.42 billion shares worth 2.34 billion pesos. Magawortt
        AFP  -  322 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6365 27 Transaction (Lite: May 20 Or Or M Wt HI*? I Y* Bay Ouata ON Dh VM IM Cm Avg St stw Company Salt rOOO) High U» Buyar taBar Cw P/t *3i Prt5 •WITHMDUSTBY fV^Vf 'fl 17.5 m b lOOO Acmj 50c 115 cd *1
      6,365 words
    • Article
      SESDAQ
      1289 27 Or «r ft Wt K» LaM Vol 0ay lost Owoto Otr Ok W M C8» A*« hn> l— «tw ciw>im «o» room mh> l— m» cw w urn w M2 30 C 2049 AS Auto Xk 117 *2 3532 121 ttt 1W U! 15 N 7 L3 tl 1334
      1,289 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        322 28 Stoda y«<—t StrauderalOc 44,698,000 Frt Links 20c 29,666,000 CCS M LM 20c 27.959,000 TetedatalOc 21.029,000 Poplar 10c 18.934.000 Paapac Medta 5c 17.607.000 UcchWm 15,967,000 CM Telecom HK75c 15.365,000 PODUmIOC 14,534,000 PCI 25c 14.507,000 Stocto DBS Foreign 68,797,121 OCBC Foreign 65,588,880 OUB Foreign 39,771.151 SPH 37,341,847 U06 Foreign 36.723,948 OUI 32,741,590
        322 words
      • Article, Illustration
        Electronics, tobacco and transportation stocks surge
        609 28  -  STOCK MARKET COMMENTARY Sector developments: strong export data, cash offer for tobacco shares, MRT contract speculation By Ven Sreenivasan ELECTRONICS, tobacco and transportation stocks soared yesterday on the back of sector-specific developments. While better-than-expected April export figures boosted volumes for electronics stocks, Rothmans Industries
        609 words
      • ON THE GRAPEVINE
        • Article
          For something more exciting
          58 28 WITH the stock market getting interesting now, who wants to be in the backroom when you can be in the thick of things? The former research head of Phillip Securities, Tang Ching Fone, for one, finds trading "so much more exciting" now that he's moved over
          58 words
        • Article
          Nicotine withdrawal
          73 28 FOLLOWING the announcement that British American Tobacco will buy up BAT (Singapore) and rival Rothmans Industries, a "tobacco analyst" in Singapore was Quoted as saying that the offer was "a good price and shareholders should accept (it)". Given that there are only two listed tobacco companies here— BAT(S)
          73 words
        • Article
          Protecting the turf too?
          109 28 PLAYING at th«£xecutive Golf Course at Seletar Reservoir Park, a golfer was surprised to find out that she could not wear shoes with metal spikes as most golf clubs do not have fills restriction. When she enquired why golfers had to wear shoes with plastic spikes,
          109 words
        • Article
          When friendship takes second place
          166 28 WARREN Buffett's friendship with Bill Gates—the only man in America who is richer than he—is well known, but when it comes to the principle of investment, even friendship takes second place. At a shareholders' meeting of his Berkshire Hathaway firm recently, Mr Buffett's alter ego
          166 words
      • Article, Illustration
        HOT STOCK
        64 28  -  -By Ven Sreenivasan SESDAQ-LISTED Panpac Media has been soaring for the better part of the last six weeks. The counter has found new near-term support a* 70 cents and is now attempting a crack at the $1 resistance level. However, this is a momentum play which is deep
        64 words
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      Page 17 Advertisements Column 1
      42 17 Promet defaults on $64m repayments, Pg 18 B VLGA R I c Available in Siagapore at Bvlgari, Hilton Hotel 737 1652 Takaibimaya Department Store 735 6619 tad: Dickion Watch Jewellery, The Promenade 732 8900 Centrepoint 734 5822 Suntec City Mall 336 4171
      42 words
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      1501 19 p TODAY©***-*#. llianhe Zaobao £*m c§i? ij3* »a AiS: m»rmm tSTff J O INTERNATIONAL FACTORS (SINGAPORE) LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of International Factors (Singapore) Ltd will be held in the IFS Boardroom
      1,501 words
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      Page 20 Advertisements Column 1
      2771 20 I /jfe SINGAPORE FINANCE LIMITED mEW/ an d Subsidiaries (Incorporated in the Republic of Singapore) Balance Sheets As At 31 December 1998 Th« Group The Company Note 1996 1997 1996 1997 M Gfoup Th« Company $•000 $'000 $'000 $>000 J[*j[ J 998 1997 Share Capital 000 S'ooo $'000 $>000 Authorised:
      2,771 words
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      Page 21 Advertisements Column 1
      1109 21 I SINGAPORE FINANCE I and Subsidiaries I I H I (Incorporated in the Republic of Singapore) I I 13. Subsidiaries I 18. (XturlnvMtminti I Method of Accounting Forlncome On Hire Purchan And UMfcig/to—mute I Th r ®P r »«»n'» the Company's unquoted equity investment in the shares of its wholly-owned
      1,109 words
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      Page 22 Advertisements Column 1
      965 22 WAH SHING INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a SPECIAL GENERAL MEETING of the Company will be held at the Conference Room, The Westin Stamford Westin Plaza, 2 Stamford Road, Singapore *****2 on Saturday, 12 June 1999,
      965 words
    • Advertisement
      Page 22 Advertisements Column 2
      212 22 ZHZZZZ INTEGRATED "From strategic to tactical, T from vision to action Jh the masteiy science AA SYSTEMS of imp ementation I IPS, a dynamic US company involved in International Consultancy, Training and Development with a focus on tactical planning and project management. Our Regional office continues to expand. The Company's
      212 words
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      Page 28 Advertisements Column 1
      2266 28 Going to trade online? You need DBS investor Online! Simply the best research. Call 438-1188 ■today. BDHSBANK THE STRAUS TIMES CLASSIFIED CAT* YOUR GUIDE TO MORE PRODUCTS SERVICES NOTICES M^—— M M M M 1800-741 1883 Fax No^74Vlj?9Bj IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE
      2,266 words
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      Page 28 Advertisements Column 2
      661 28 JOON PTE LTD (la Members' Yul—tai j Liquidation) NOTICE OF FINAL MEETING NOTICE it hereby given pursuant to Sectioa 308 of the Companies Act, Cap. 50 that the Final Meeting of members of the above named Company will be held at I3S Middle Road #05-13/14, By lands Building, Singapore *****5
      661 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Conservation for consumers
      2050 29  -  COVER STORY How commercially viable is it in the long term to convert old shophouses or landmarks into retail and F&B outlets? Jims be finds out JAIME EE WHEN conservation was first mooted in Singapore, the idea was more sentimental in nature than commercial. Preserving Chinatown, for
      SIEW YAW HOONG; FILE PHOTO  -  2,050 words
    • VIEWPORT
      • Article
        A big step backwards at the Board of Film Censors
        785 30  -  Off the CUff With all this unnecessary dithering over silly film titles, aren't we going back to the bad old days when every little thing was decided for us? L bv Jaime Ee SO COME ON, tell me is a
        785 words
      • STRAWS In The Wind
        • Article
          Heaping on the hype
          72 30 HERE'S an example of over-enthusiastic advertising. Cuppage Food Mall, which replaces the old Cuppage hawker centre, put this ad in the paper: "Pampered by friendly, helpful and trained cooks, servers and cleaners." Well, we sure hope the cooks are trained. Also, "View the magnificent murals on
          72 words
        • Article
          Where the going gets tough
          92 30 A SINGAPOREAN who wanted to go diving in Tonga received little help from travel agents here. "No such place," she was told. The folks in Tonga added to her problems. She received a fax from the Tonga Visitor's Bureau which readj.f jr > "Greetigns (sic)
          92 words
        • Article
          Life's little solutions
          35 30 HERE are two truisms from the New York Times: If at first you don't succeed, destroy all evidence that you tried. A conclusion is the place where you got tired of thinking.
          35 words
    • MOTORING
      • Article, Illustration
        Trophy with style and substance
        980 31  -  Rarely has a new sports car combined such lethal looks with such deadly performance as the Audi TT. jamb eb puts it through its paces in Sydney JAIME EE JIMI Hendrix may not have been able to tell a chassis from a tail pipe but
        980 words
      • Article, Illustration
        Squatters in the backyard
        787 31  -  LEISURE GARDENING It's an exciting world ont there. Just torn over a leaf and watch what's going on underneath By' Thien MARY, Mary, quite contrary, how does your garden grow? Quite well, I would say, if never mind the silver bells and cockle shells it has
        CHRIS LOH  -  787 words
      • Article, Illustration
        An evening full of surprises
        513 31  -  AUDI GALA DINNER By. Jaime Ee THE objective: to capture guests' attention and keep them rivetted to the main attraction for the duration of an evening. The solution: kidnap them, put them on a boat sailing to Darling Harbour, then put them on a bigger
        513 words
    • ENTERTAINMENT
      • Article, Illustration
        WHAT'S ON
        450 32  -  Compiled by Parvathi Nayar 11l 11l ll.| J. it MUSIC Singapore Symphony Orchestra Mostly Mozart Swedish trumpeter Haken Hardenberger is that rare talent a universally acclaimed brass soloist. He displays his virtuosity with two trumpet concertos by Daniel Bortz and Leopold Mozart (the father of Amadeus). Shui Lan
        450 words
      • Article, Illustration
        Much ado about many things
        704 32  -  THEATRE Pan Island Expressway packs in as many references and information as possible to create a sense of reality, bnt does so at the expense of clarity and character development By\ Parvathi Nayar YOU DO suffer a little from information overload while travelling down ChongTzeChien's
        704 words
      • Article, Illustration
        Facing the naked truth
        597 33  -  CINEMA Eight Millimeter has an interesting premise, but suffers at the hands of the local censors who have slashed the slasher film within the film By\ Susan Tsang Eight Millimeter is a thriller that plays on the myth of the snuff film. Films depicting real murder
        597 words
      • Article, Illustration
        A deadly serious comedy
        600 33  -  CINEMA Rushmore is a rare gem of a movie with a script that dares to go where other moviemakers fear to tread By\ Susan Tsang RUSHMORE is a film whose extravagant eccentricity is matched only by the restraint with which it is executed. If this sounds
        600 words
      • Article, Illustration
        Live your life, but spare us the details
        590 33  -  CINEMA EDtv feels like an also-ran Truman Showwithout the edge or craftsmanship of the other film By] Parvathi Nayar IT DOESN'T take a rocket scientist to figure out that most people like the thought of being famous; the difference is that today,
        590 words
    • EPICURE
      • Article, Illustration
        Silencing the critics
        612 34  -  The Singapore outlet of Morton's has not only weathered the worst of the Asian financial downturn, it has been profitable from its first month of operations, tan su yen finds out more from group chairman Allen Bernstein TAN SU YEN WHEN Morton's of Chicago opened in Singapore
        612 words
      • Article, Illustration
        A delectable experience from start to finish
        681 34  -  By 1 Tan Su Yen PRIOR to Morton's opening last May, it was the staffing situation, rather than the tough market conditions, that worried Allen Bernstein, chairman of Morton's Restaurant Group. "I had been forewarned about the difficulty of getting good employees and
        681 words
      • Article
        Good value 1998 Bordeaux
        737 34  -  WINE CONNOISSEUR Stay away from the top names, and it is still possible to find excellent wines that are reasonably-priced By N K Yong VIRTUALLY all the opening prices for 1998 Bordeaux have been released, and clearly the Bordelais have taken heed of the advice from
        737 words
      • Article, Illustration
        Starting from scratch at Shangri-La's pastry shop
        356 34 CRAVINGS THE NEWLY-RENOVATED Shangri-La Hotel shows off an impressive pastry shop with a long and delicious cake counter. And yes, most of the 18 specialty cakes and 16 pastries in the six-metre-long counter have earned their shelf space and more. All were made
        356 words
      • Article, Illustration
        Count your coffee cups
        115 34 HOW MUCH coffee is too much? Anna Jacob, consultant nutritionist at Food Nutrition Specialists, shares her thoughts: "Many are concerned about caffeine. Caffeine is a natural component of over 60 species of plants —the most common are coffee, tea and cocoa beans. As far as nutrition
        115 words
      • Article
        White asparagus treats
        102 34 THE CRUNCHY, slender green asparagus may taste wonderful in a salad or stir-fry but it is the larger white asparagus which is said to have healing properties. Conrad International has flown in some white asparagus shoots, which actually grow underground, for a two-week promotion at Oscar's and
        102 words
      • Article, Illustration
        South Sea flavours
        94 34  -  Compiled by Tan Su Yen CATCH Trader Vic's Hawaiian Buffet Dinner before it ends on May 30. The Sunday-night only affair has all the flavours and textures of the South Sea islands. There is Cho-Cho, a Hawaiian version of satay, Hawaiian Pizza, Tahitian Coconut Spinach Soup, and
        94 words
    • Article, Illustration
      CINEMA
      691 35 Amy. Drama with Rachel Griffiths Previewing at Lido, Plaza. American History X. Neo-Nazi film with Ed Norton. R(A). Central. Analyse This. A shrink psychoanalyses a powerful mob boss. Starring Robert De Niro and Billy Crystal. Recommended. Beach Road, Lido, Choa Chu Kang, Hougang, Jurong, Century, Suntec, West Mall, Toa
      691 words
    • Article
      ENQUIRIES AND BOOKINGS
      108 35 Cathay Org Cattiay 338-3400 Eastshore 346-1816 Orchard 235-8386 Ptciuretouse 338-3400 Yangtze 223-7529 EngWah Empress 777-5867 Jubltee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 QoMan Villas* 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon Lay Marina Tampines8 TiongBahru Yishun Clementi/CoV«alth 777-0669 GolderVNewTown 298-5466 mom 459-9575 Princess 448-4965
      108 words
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      5 29 Gardening Outdoor visitors EL 3
      5 words
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      Page 29 Advertisements Column 2
      58 29 Epicure > ::W W'> 9 I 1a '^gsgEjft W|3 fIBR ffig Sh oV l-'SSI dining, you can ride first-class or The Ghart, j£Sx J' l§gM^jj^jaj^ S»1 look at Australia. Thrs exciting new package more leisurely and relaxing pursuit. sn'ttf»j V I Fora touch of elegance. opulence and fine jlsK-j sSh|
      58 words
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  • Page 30 Miscellaneous
    • Miscellaneous
      Page 30 Miscellaneous Column 1
      142 30 CRYPTIC CROSSWORD 1 1 irviected into winger 14 Somewhat sudden retreat YESTERDAY'S SOLUTION W (3) mm 2 I^sfm a Dte C S e S 6) in 10 16 Former I>artner s bat,le snare simple task (6) with unfair money de 1 fHRfTMETRMoMoI 3 Computer software may go mand (8) MyMLMßyeMofuflHiAlTl
      142 words
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      Page 31 Advertisements Column 1
      123 31 barscene by night owl The press M crossed my desk, sounded uA m way too good to be true. band, it read, had not only jMr won Newcastle National Band competition, had a successful debut EP. j k 1 just had to see them-the 9 k B President Bongo-in action.
      123 words
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      Page 32 Advertisements Column 1
      108 32 Where to wine, dine and entertain..." 76 Brmi Baiah Road, Singapore *****8 Teh 338-8333/ Fax. 339-6866 Web Site http://www.caritoo.com.ig Cheers mm** mm ATo a night of I great fun and I entertainment ft| Jat Cangtry's B W Happy Hours J 5.00pm B.oopm Daily H (with complimentary snacks) V 'Live'band K
      108 words
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      Page 32 Advertisements Column 2
      114 32 LEVEL SPECIAL WEEKENDBUFFET Come and celebrate the weekend with a delicious buffet spread of local western delicacies and a variety of hot and cold desserts at Coleman's Cafe, from 12.00n00n 5.00pm. Adult 512.80 Child $8.80 EXCEPT PUBLIC HOLIDAYS. ADULT SIS 80 .CHILD SI2M WITH FREE FLOW OF FRESH ORANGE JUICE
      114 words
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      Page 32 Advertisements Column 3
      138 32 You'll love the Japanese Dinner Buftet at St. Gregory's Brasserie of Grand Plaza Parkroyal. It features all-time favourites such as Sushi, Sashimi, Tempura and tempting hot pots as Beef Katsu, Tori Terriyaki and many more. £28 (Adult) $14 (Child) For reservations, please call tel: 432 5567. Prices subject to service
      138 words
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      Page 32 Advertisements Column 4
      118 32 Coffeehouse Ist floor The Magic of Thailand at Chatterbox Coffeehouse 9 to 23 May 1999 r Enquiries: 831 6291 '"i 7 -Br Majtdarin UJj Singapore 333 Orchard Road, Singapore *****7. Tel: 737 4411 Fax: 732 2361 H*a's 100 DisUes Gour*ngf Ue*>gT Prepor* yourself for on incredible lunchtime buffet featuring 100
      118 words
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      Page 33 Advertisements Column 1
      115 33 The fit survive... v 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
      115 words
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  • Page 35 Miscellaneous
    • Miscellaneous
      Page 35 Miscellaneous Column 1
      2026 35 TODAY'S TV Bpflflmnnmpw umamm 1100 New^World" 1 £30 PM TV Innovations. r li-an Homes with Style. ahnutthp taboo lovp affair 4,00 close f I 12.00 MN Headline News. Irmuentiai SJ» Kldl Blitz: Little Hippo. ME. MMM? ZS&I- x /jgJ12.03 AM to 6.00 am Real-time between a French U0 Bingo Molly.
      2,026 words
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  • EXECUTIVE MONEY
    • PURSUITS
      • Article, Illustration
        Lacquered beauties
        1010 36  -  Bui Huu Hung specialises in a Vietnamese art form which hitherto was used only for ritualistic objects, paktaihi kayak views the exhibition PARVATHI NAYAR VIETNAMESE art is getting to be quite popular in Singapore, partly due to the visual beauty of much of the work, the relatively low
        1,010 words
      • Article, Illustration
        Yours for the price of a posh apartment
        684 36  -  JEWELLERY And no, that doesn't include the m* tolling earrings By' Tan Su Yen WHEN Italian jewellery house Bulgari was approached recently to sponsor the jewellery for a couture show in aid of charity, the company decided to pull out the stops
        ALL PHOTOS BY CHRIS LOH  -  684 words
    • Investing For Your Future
      • Article, Illustration
        Setting attainable goals
        1398 37 With Citibank's Financial Needs Analysis, one can set wealth accumulation targets within certain time frames IT'S easy enough to secure financing for things like a house and a car, but you may have certain needs for which a bank loan is not a ready or palatable option.
        FILE PHOTO  -  1,398 words
      • Article
        Investment and dividend yields
        246 37 THIS week the spotlight is on the terms investment yield and dividend yield, which come into play when you invest in certain asset classes like deposits or stocks. Although commonly used, many people remain hazy about what these terms refer to. Dividend yield is taken into
        246 words
    • RESIDENTIAL PROPERTY
      • Article
        House Hunt
        919 38 Property transactions for districts 15 and 16 (sectors 42 to 45 and 46 to 48) lodged between Apr 12 and May 17. WWBTMME/ PROP CONTRACT TENURE BULT4* PfKE WF STBKTNAME TYPE DATE LANO AREA" (SOFT) (SS000) (St) District 15 Amber Park Apt 01/04/99 FH 1744 950 545 Amber
        919 words
      • Article, Illustration
        New projects in Katong
        1090 38  -  Home-seekers can choose from 5 new devts sprouting up in the Katong/Dunman area says oorxmme CORINNE KERK House-hunters looking for new apartments in the Dunman and Katong area will have at least five projects to choose from. New developments coming into the market include Paradise Palms,
        PHOTOS BY CHRIS LOH  -  1,090 words
    • UNIT TRUSTS
      • Article, Illustration
        Room for the world
        982 39  -  It's unwise to snub global funds just because Asian unit trusts are back in the limelight fund managers tell Genevieve cua GENEVIEVE CUA AS recently as nine months ago, "Go global" was the recurring refrain in the unit trust industry, as the outlook for Asian funds
        FILE PHOTO  -  982 words
      • Article
        Putting money in foreign currencies
        702 39  -  Foreign currency fonds adds diversity to portfolio By. Rahita Elias WHILE the average Singaporean does tend to hold a diversified investment portfolio, his assets are often denominated in the local currency. As such, he loses out on the advantages that a foreign currency investment can
        702 words
      • Article
        THE UNIT TRUST SCORE BOARD
        398 39 UNTT TRUST/SECTOR (6 MONTHS: 300CT8M4MAY9e) CHANGE BENCHMARK CHANGE Top 10 funds 1 Tempieton IF Korean/Korea EQ 112.95 Korea SE Composite 120.21 2 OCBC Savers Korea/Korea EQ 98.78 Korea SE Composite 120.21 3 Rve Arrows SEA Special Sits/FE Pac ExJap* 98 77 MSCI AC Far East
        398 words
    • PERSONAL INVESTMENT
      • Article, Illustration
        Be selective in chase for bank shares
        963 40  -  Punters have driven bank share prices through wild gyrations after the announcement that dual listings will be scrapped, louis beckerukg goes back to some basics of share valuation LOUIS BECKERLING BANK shares in Singapore have taken a ride on the wild side since
        FILE PHOTO; Source: Datastream  -  963 words
      • Article
        Untitled
        277 40 BMW&FMANCE COMPAMES AMOUNT (R 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS Citibank Up to ***** 1.6875 1.8125 2.0625 2.1250 2.4375 5000!-*****0 1.7000 1.9000 2.1000 2.1500 2.8000 DBS 1000-***** 1.0000 1.2500 1 7500 1.7500 2.0000 *****-*****0 1.1250 1.3750 1.5000 1.6250 1.7500 Hong Leong Finance Up to ***** 1.5000
        277 words
      • Article, Illustration
        Asia's rich still shun region
        918 41  -  veh sreemivasait reports on the findings of a survey which reveals the investment patterns of the world's high net worth individuals VEN SREENIVASAN ASIA'S impending recovery has not convinced the rich to bring their money back into the region from their offshore holdings. This is
        Source: Merrill Lynch, Gemini Consultancy; ARTHUR LEE  -  918 words
      • Article, Illustration
        Party not over yet for Indon stocks, say analysts
        1125 41  -  Elections not likely to hurt sentiment as falling interest rates continue to lift market From Shoeb Kagda in Jakarta INDONESIA has experienced a remarkable shift in investor perception over the past few months as more and more positive economic indicators have
        FILE PHOTO  -  1,125 words
      • Article
        ACU DEPOSIT RATES Offered by various banks (as at May 19,1999)
        1292 41 D«po«it mount 1-mth 3-nrth 8-<*h Dtport amount 1-nrth 3-m» Mgfc A$ f I° °SS' 4 999 4 1900 4 2200 4 2600 25,000 74,999 3 7500 3 7500 4 1250 A25.000 A49 999 4 2100 4 2400 4 2800
        1,292 words
    • SMART MONEY
      • Article, Illustration
        Deposits with a foreign accent
        1639 42  -  Foreign currency deposit is one way to diversify your investment portfolio. Clarissa tan looks at the whats, hows and whys of such deposits CLARISSA TAN AS Singapore opens its banking doors to foreign competition, and strives to be an international financial hub, maybe it's time
        FILE PHOTO  -  1,639 words
    • PERSONAL FINANCE
      • Article, Illustration
        It pays to seek help in financial planning
        868 43  -  THE FDVER PODVT Professionals can give sound advice, hat ultimately It's up to indivldmtl to ta kg It from thoro By Genevieve Cua NEED a financial plan? By now, many Singaporeans will probably acknowledge that they do. One international bank appears to
        868 words
      • Article, Illustration
        Chalking up credit at stores
        1058 43  -  More dept stores are offering co-brand credit/charge cards to push sales. But what are the benefits to shoppers? bahxta finds out RAHITA ELIAS Shopaholics rejoice! More stores are jumping onto the credit/charge card bandwagon, which means that you get additional benefits shopping at your favourite
        SIEW YAW HOONG  -  1,058 words
      • Article
        Ticket to shop
        512 43 Stacking up the store cards \i-i*' i' v it i > v 4 r< rrT BANK ANNUALFEE WAIVER OF FEE WHERE TO EARN BONUS FONTS HOW TO REDEEM BONUS PO.NTS OTHER SHOPPING BENEFITS Vl®® St J cj M $40 OiJNUo I o Chartered Suppfta* scripton'fre"^ and tfraUccTOt™sa
        512 words
    • Article, Illustration
      Which way next for COE prices?
      1273 44  -  As loan schemes, tax rebates make new cars seem attractive once more, COE prices have spiralled upwards again. But has economic logic taken a backseat? Industry players talk to Christopher tam CHRISTOPHER TAN LAST August, this paper ran an article headlined, "COE premiums could
      Source: LTA; PHOTOS BY SIEW YAW HOONG  -  1,273 words
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      Page 37 Advertisements Column 1
      27 37 A Sslo,ooo investment today could add up to a Ssloo r ooo smile tomorrow. (Assuming an investment of Sslo,ooo yielding potential 8% p.a. compounded for 30 years.)
      27 words
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      Page 37 Advertisements Column 2
      457 37 brought to you by Citibank Investment Services 1 J To find out how much you really need for your future, i complete the Financial Needs Analysis Form now. i i Citibank Financial Needs Analysis Form I J To find out how much you'll need for your retirement or children's education,
      457 words
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      Page 38 Advertisements Column 1
      48 38 "S I c=l CU r 1 D □a y y /.'Home. D finananq y Since 1950 f/ Hotline: *****68 y im#'? Ik*-?', tt vtk SINGAPURA BUILDING SOCIETY LTD AngMoKio 458 4222 Beach Road 292 1459 Bedok 445-8011 Bukit Timah 467 1916 East Coast 348 8262 Seranqoon 299 8855
      48 words
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      Page 38 Advertisements Column 2
      78 38 For Sale By Tender Investment Sales Prime Residential Site et N05.14-26 Pegu Road Site area 10,8035f Amp../j j j approx. mlt ,/f DGP PR 2.8; up to 30 /f V Plaza Zcr Shaw storeys fflfswn n Freehold tenure Close proximity to City, established /J school US a/y. /a Tender closing
      78 words
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      Page 39 Advertisements Column 1
      348 39 We are now And in celebration, we're offering up to 2% discount on our funds. CMG First State Global 100 Growth Fund CMG First State Global Balanced Fund CMG First State Singapore Growth Fund CMG First State AsiaPacific Growth Fund I CMG First State Regional China Fund CMG First State
      348 words
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      Page 40 Advertisements Column 1
      50 40 TheßusinessTimes SINGAPORE SI CQand g a BT 5 5_ pa |special supplement MAY 27 BT is sold at: SPH Stop Press Kiosks BP Caltex Esso Mobil Shell SPC Carrefour Cold Storage 7 Eleven NTUC Fair Price NTUC Food Fare Shop N Save Tops Borders Selected Guardian Pharmacy Outlets Neighbourhood newstands
      50 words
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  • Page 42 Advertisements
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      Page 42 Advertisements Column 1
      77 42 > 'iAr"v 2H»', ~/^i^ j i- C 011 K 0 p p 01 jy t»' 'f*t J i $rS •■*:> i. > v- f.';''"• v ttsoaftag Loan m simpls and iftordtbl* m posslbis. Our first and second yssr rataa art fbnd at 4* p.a. and S% p.m. rsspsctlvsly. Our third
      77 words
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      Page 42 Advertisements Column 2
      203 42 brought to you by IKil.lfJllMlaa Bank Give us your feedback and win a wristwatch \V 1" he above article is the seventh of a 13-week This exclusive Keppel educational series on personal finance. We would like to Tat Lee Bank wristwatch will hear your views on the above article and
      203 words
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  • SHIPPING TIMES
    • Article
      MARITIME STOCKS
      232 45 mm n v- <m CWT MrtfOutmi 0.97 0.03 272 OMJWlHu* LOt -OOI 1M Coks ImrMtmant 0.97 -0.02 64 FrafaMUNi* 0.31 -002 ***** MHaMn* 041 -OOI *1 Hat Sun Hie a73 unch 442 IMC HaMngt-HK 540 unch 0 JiyiMMnti 0.M 0.03 643 JurangSMpyar* 730 0.10 71 KapfwTCam 4.64 -0.04
      232 words
    • Article, Illustration
      Rotterdam port will admit only Y2K compliant ships
      471 45  -  Vessels wanting to enter European port must be millenninm ready to some extent By\ Felix Chan [SINGAPORE] The port of Rotterdam is prepared to refuse entry to ships whose Y2K compliance may be suspect. Europe's largest port plans to issue questionnaires to
      FREEK VAN ARKEL  -  471 words
    • Article
      US shipping reform puts NVOCCs at disadvantage
      242 45  -  By\ Marcus Hand [SINGAPORE] Non-vessel operating common carriers (NVOCCs) are finding themselves placed at a disadvantage compared to shipping lines under the US Ocean Shipping Reform Act (OSRA), say industry officials. The act, which liberalised the US ocean shipping environment from May 1,
      242 words
    • Article
      Samsung gets Carnival contract
      94 45 AFX-Asia [LONDON] Samsung Heavy Industries will build the next generation of passenger cruiseships for the world's largest cruiseship operator, Carnival Corp, Lloyd's List daily reported, citing shipbroking sources. The report also said that Mitsubishi Heavy Industries Ltd is at an advanced stage in talks for orders
      AFX-Asia  -  94 words
    • PORT Shots
      • Article
        Bimco in anti-drug deal with Belgium
        83 45 [LONDON] Bimco has signed an anti-drug ftmiiggifaig Memorandum of Understanding (MOU) with the head of the Belgian Customs authority. This is the tenth MOU between European customs authorities and Bimco. The MOUs, according to Btmco, enable its owner members to reduce exposure to the
        83 words
      • Article
        Transroll,Docenave in slot deal
        63 45 [LONDON] Brazilian owners Transroii Navega™£A and Docenave say a new slot exchange deal, and plans for a ftirther service upgrade, will lead to significant frequency and capacity improvements on the Mercosul and Brazilian coastal trades. T%e two shipping lines will run four ships operating a two-string,
        63 words
      • Article
        Bergesen's 1st qtr profit down
        55 45 [LONDON] Norway's Bergesen group saw its first-quarter operating profit slip from 303 miSkm Norwegian krone- (5536.9 million) to 230 million kroner due to lower freight income from, mainly; its gas and dry bulk tonnage. Bergesen expects to see a farther decline in operating profit in
        55 words
    • SHIPPING NEWS
      • Article, Illustration
        Owners appeal to stay afloat longer
        281 46  -  From Rajendra Bajpai in New Delhi INDIAN National Shipowners Association (Insa) has asked the government to relax age norms for vessels acquired by Indian companies to help small companies survive and ward off threats of takeovers. Officials said the age norms were last revived
        281 words
      • Article
        Vosper's profits up 3.5 per cent
        312 46 Bloomberg [LONDON] Vosper Thornycroft Holdings pic, Britain's second-biggest warship maker, reported a 3.5 per cent rise in full-year profit, as its support services business grew faster than shipbuilding. Net income for the year to March 31 was £22.5 million (5562.3 million), or 69.0 pence
        Bloomberg  -  312 words
      • Article
        Shipowner, not time charterer, liable to be sued for damaged goods
        664 46  -  ADMIRALTY CASEBOOK By Selva Kumar A SHIPOWNER has been held to be the party that is liable to be sued for damaged goods although the bills of lading for the goods were issued by the vessel's time charterer with
        664 words
    • Article
      SHIPPING SCHEDULES INDEX
      325 46 PAGC Evergreen 6 AMI 3 Foonq Sun 8 Accord 8 froti Ahrenkiel H FrtLW W AASCO 12 U* 4 Appenship 5 Gw-rtr#w 6 Austral 8 Gws w M A.ant 14 U B tang Mas 8 H SunHup 12 BSA 7 "*9'' 7 BTL M H n 3
      325 words
    • Article
      SHIPPING GUIDE
      20347 53 THEBUSINESSTIMES EXPORT ETA ETA AdYarthar VMS* Voyaqa T«4»phona ETA ETA Advarttsaf Vnul Voyaga Talaphona aw Owf» Nut Www Numter Numtar SIN DMt'n Nam* Nam* Numbar Numbar AWWWWOMMWNCMWWWWOWWOWMMMWMWWlOOWOWWMWWMWMWWlWaMOMWWNWWMWaai ■■■■■■■■■■■MMaWMMWHHMaMMHMIMMMMMMrM 02/04 21/0* Dalmas IRIS OWS 6******44 To ABIDJAN (ABJ) 2003 Cota D'lvoirc oi/w n/ot cosco ever gentry oooiw ks-uum 20/05
      20,347 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        441 59 Voy No Bftti Arrivrt Dtpartwn Brian Baru *****9 PWU alongside 20.05/2000 Brian Indah BI9104 PWU alongside 20.05/1200 Briamndo t 1368$ PWB alongside 20.05/2000 Brianmdo 3 3746SA PWB alongside 20.05/2000 B*ys«rier118 M122 PW4 alongside 20.05A430 Brastagi 1 19/99 PW3 alongside 20.05/2300 Exceed 2 Es019A PW3 alongside 22.05/2359 Hendrison 0503B9
        441 words
      • Article
        CONTAINER SCHEDULES
        1634 59 RECEIVING OF EXPORT Ftt CONTAINERS AND LCI CARGO ■oafchn/m—ri Rstte S«P Vy Wo Ett/ttr NrtW fnm To rrw to Mipiii oao n/oToo u wboo ww wmo ft/noc ww wi*oo 2> wmoc 20/0055 20,'t»0c a W/ttoc 20/0*5* 20/0*00 I 20A)'0C 20/T155 HOC 4 !WH 20/W 20/1700 M 22/MOO W
        1,634 words
      • Article
        GLOBAL HOLIDAYS
        156 59 May M Germany: Whit Monday. France: Whit Monday. Austria: Whit Monday. Belgium: Whit Monday. Canada: Victoria Day. Denmark: Whit Monday. lUy» Indonesia: Waisak Day. May 31 Greece: Orthodox Pentecost Holiday. Brunei: Anniversary of Royal Brunei Malay Regiment. Jtal Austria: Corpus Christi. tail Denmark: Constitution Day. Jib 14 Australia:
        156 words
      • Article
        COCKETT BUNKER MARKET REPORT
        781 59 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        781 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        418 59 Carta* MO Mm 990.0 0.9 19 J 0.09 75 049 NifO Comity Nattf IhMn Ask UhMm SoMmW No «tovt L25 0 0 1 0 0 0 T7Z- 300 Aw 907 J 0.4 05 0.07 36 0.02 tm 300 Mm 9917 tl 19.5 0.09 SO 0.04 %»A
        418 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Air cargo may increase as shippers try to avoid Y2K bug
        419 60 Bnt Lufthansa Cargo still expects tough 1999 despite unexpected benefit Reuters [FRANKFURT] The international air cargo industry could see an unexpected Year 2000 benefit in 1999, but otherwise faces a tough year, Lufthansa Cargo chairman Wilhelm Althen said. Some
        Reuters; FILE PHOTO  -  419 words
      • Article
        Sale scores a first for an operating lessor
        422 60  -  It has deal with US Ex-Im Bank where commercial portion ranks on par with bank's portion By\ Felix Chan [SINGAPORE] Singapore Aircraft Leasing Enterprise (Sale) said it has received a US Ex-Im Bank facility where the complementary commercial debt portion of the
        422 words
      • Article
        DHL starts express S'pore-Europe service
        330 60  -  By. Felix Chan [SINGAPORE] DHL Worldwide Express has launched Europe First, an enhanced, guaranteed air express solution for Singapore exporters to Europe. Europe First features a guaranteed delivery service into Europe and incorporates DHL's competitive pick-up cut-off times, expedited customs clearance and a fast, se-
        330 words
      • Article
        Carrier launches direct sales on Internet
        329 60 Reuters [FRANKFURT] Lufthansa Cargo AG said it has moved into electronic commerce with the start of Internetbased air cargo capacity sales to freight shippers. Customers can now book the cargo airline's "td.SameDay" European express service for small shipments through its Internet website, chairman Wilhelm
        Reuters  -  329 words
      • Article, Illustration
        US Ex-Im Bank queries vote on PAL survival plan
        516 60 Bloomberg [WASHINGTON] The US Ex-port-Import Bank asked the Philippine Securities and Exchange Commission (SEC) to disclose details about this week's vote by creditors of Philippine Airlines Inc in favour of a rehabilitation plan for the debt-strapped carrier. PAL said on Monday
        Bloomberg  -  516 words
      • Article
        Emirates to end HK-Manila flights on June 1
        287 60 Philippine govt withdraws carrier's landing rights Bloomberg [MANILA] Emirates Airlines said it will halt flights between Hongkong and Manila on June 1 after the Philippine government withdrew the carrier's landing rights. The United Arab Emir-ates-based airline flies a Boeing 777 on that
        Bloomberg  -  287 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1516 60 CITY F1J6HT ETA fUCHT ETO IH787 2359 MHk AM230 MOO W4S87 2359 LH6381 1900 S***** 2359 SQZ30 WOO ftMM S0989 IMS S0990 0105 AMtwMi S023 0705 KL844 0040 S0803 INS CZ354 0910 $0327 0745 KLS43 1730 CZ351 2045 S0004 1020 0945 JIJ3J 2300 M VN74I 1310
        1,516 words
  • Page 45 Advertisements
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      Page 45 Advertisements Column 1
      65 45 Indian shipowners appeal to stay afloat longer Govt asked to relax age norms for vessels acquired by Indian companies. Pa#e2 held over doe to A A Admiralty Casebook and more shipping news, Page 2 U.'jil ~-.,4^'-^:S^v4.Ji\ j sy~~ -.v* -sdLft- 'l^^ijhl^S^®e6Sß^s3B^ja®rii g swowe v Sing Tel Paging congratulates PSA Marine
      65 words
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      Page 45 Advertisements Column 2
      19 45 Air cargo may increase this year dneto Y2Ebng But Lufthansa Cargo still expects tough 1999 despite unexpected benefit. BackPafs
      19 words
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      Page 46 Advertisements Column 1
      986 46 I NORTH AMERICA 1 I EXPORT I OTHER DESTINATIONS 1 SSX SUPER SHUTTLE EXPRESS DIRECT TO LA 1 WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) Ml W EttM LOMMO4 MUS HOUSTON (MCMO MWTOH HKOOTY VBStt |VW f*ST| njKTIAt| MAIHIA ita if—77 MIMIMIMII jjiajHL ooooS* 3SB WTi/S H7S ism ism m/m
      986 words
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      Page 46 Advertisements Column 2
      693 46 /Tt»>oX Lines services represented by Members of the Registry of Accredited Shipping Agents Singapore Shipping Association Members of the NORTH WEST EXPRESS LINE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO T0... DAMPIER/FREMANTU (MONTHLY SERVICE) MV "TBN" ETA SIN 25/05/99 BOOKINGS CALL JUUA/MONKA TEL 323 4374 COKTAMtS/ COMVIKTK)HAI CARGO ran nAM/smtfOKi/iMuum t mjkroc
      693 words
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      Page 47 Advertisements Column 1
      1176 47 Tl/1 J TO EUROPE FROM EUROPE 555 vw MEBWMiwiainriH vtssa rortnoANOHAOiMvsouFnißi sw BM SS3W JO/OS 12/ M M/M 10/04 07/0* MMJK S44f 01/ OS I>/04 21/04 24/04 20/05 NOIMS 009W 21/05 M/M 01/04 11/04 12/04 HY FEDERAL Jin 21/04 01/05 04/05 20/04 22/05 NTBUn HOW 24/05 10/04 12/04 15/04 M/M
      1,176 words
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      Page 47 Advertisements Column 2
      1537 47 HANJIN SHIPPING £lP ikMriui -m> nan NMUM SMPTM6 (S) m LTD fa*//M* H» cm MOMt *****35 737 SALES: *****)4 231 DOONEIl: 233CZ71 -274 OPSUTKMS *****30-251 MM UK *****55 U *****40 (IM *****03 MM ITO NW USA A CANADA USA fftMftlTft* "wva/w |m n imnm/vot STI tw m m cm mr
      1,537 words
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      Page 47 Advertisements Column 3
      385 47 PtKffllM M7S )i/*S lifts M7l H/M a/85 gfts 17/ M MM BKHMTTttfi I M7S I H/RI iw |WniM>l I |RiK^ri&gi MTWaySHWB JWS_ 71*5 IMB MM WU KM BlrtBu" I I BPtHownw wn n/05 k/m_ w*_ wk »eiwij«K« M| ML I MSltflt l 1 BB|llflH @4 MKWBO WW a/OS HOWWHI* jsjgjSjrSjpM
      385 words
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      1386 48 DSR-SENATOR LINES TO UK/CONTINENT TO M^ITERRANEANCANADA gga WW Ml LEH RT* MIR HAM MV Fl» gja VOY CIT tft Fo> W.C MTU TRAOC HARVEST WQK3 M M 12 H IJM 10 M 11M IJM MZMOOUM WMt24 27 H 11M 15.11 WM M V M PUSAN SINATOR VMK4 SK 11M I}R
      1,386 words
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      Page 48 Advertisements Column 2
      907 48 BIABMC-NEIJS'MRE M'SIA I COrim UNES, BIC pQUOANG:(O7)3OO372O kZJXS V I wmimmiiyin seu. (064) sisitq mania ma *****24 assagai BOMBAY MADRAS MV "XPRESS PA DMA" V.139 MV "OCEAN BRILLANCY" V.08R049 ETA SIN: 31-5-99 ETA SIN: 26-5-99 row KLANG/PEHAMG VANCOUVER MV "BUNGA MAS SATU" V.9063 MV "HANJIN HONGKONG" V.OBOE ETA SIN: 28-5-99
      907 words
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      Page 48 Advertisements Column 3
      449 48 JESS ELTON UNE Sy JBt. Tils SU34M MX] INIII3 I MUARA 1 LABUAN vtssa vor no n* vnsa VOT no ra 9m MUMU spore 1M j ptosni vui/w n/05 jfrospb vni/w n/#s 20/05 CO*A*3MVia/W 21/05 11/05 CAMKAAPI2 VIH/W 21/05 01/00 jpoospb via/oooi/oo 04/00 jpoospb vi*/w 01/00 os/oo CAM*AJO32VI*/W 07/00 11/
      449 words
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      Page 49 Advertisements Column 1
      1329 49 mH |VISBEL VOY KHM HKQ SMI PKO PQB PXB DMM BA BMC IRAN TABATABAEI PCL-8103 12/06 14/06 18/06 19/06 28/06 29/06 30/06 01/06 03/06 IRAN LORE STAN PCL-6102 19/06 21/06 26/06 26AM 04AM 06/06 06/06 08/06 10/06 IRAN TEYFOORI PCL-5104 26/06 28/06 01/06 02/06 11/06 12/06 13AM 16/06 17/06 IRAN
      1,329 words
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      Page 49 Advertisements Column 2
      2179 49 MnUt Mrwt Mb to Mm (ft liptl Wfy {7 •mft) fcty t» »T»> J I SINGAPORE'S GENERAL AGENTS; 4 SMBfTON WKT IB: 12* ItOO FAX; *****08 OUTWARD (l/l) :«5B l, B To!!oS l <>i^^ COSTAR SHIPfINS Ffl LTD #17-mdkko6 saus/mgs *****57/ M inwarddot(d/oi *****15 COSTAR AGENCIES (flft) SMI 81l Q
      2,179 words
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      Page 50 Advertisements Column 1
      1271 50 EURQPEAJK/SCAMOMAVWRHIAHO/RUSSIA I c ncrCKJT oui am ra HBG ™P KE LHV I LHV THP RDM ANW HB6 PKL SGP I I H2? ]f?? IM 12/ 14/ IM 1«*0 1E REFINE REO2O 29/04 11/05 30*4 02/05 04*5 23*6 24/05 I r "25 1!£ ?M It «"CH RE-023 10/05 00*6 07/06 01*6
      1,271 words
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      Page 50 Advertisements Column 2
      686 50 PACIFIC INTERNATIONAL UNES (PTE) LTD A I SSSSSSSm ffc 140 Cecil Street, *03-00 PH. Bidding, Singapore *****0. I CR NO: *****67np00F I MJWGA KBUtl UJ M/j I |*nsa vor sw cm m koT moo jq «u ftu mcw sS=lf¥M j i!!! j I 2 j |*tso*{grTi6 ww«a>»aASMiwiaiuSiitt«Mau>covMA>ai I m s
      686 words
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      Page 50 Advertisements Column 3
      560 50 rca> NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA rasa vot sw pui pub jnb cpi to mmyaus igg 23*5 31/95 04/04 07/pt 01/04 11/tn Gomel mugow torn 31/05 o»*4 ivot 14/04 17*4 IjjßljWl *03 SS 10/0* 11/04 22/04 2S*4 27/04 29*4 nrnioMM torn vm »/04 03/07 04/07 07/07
      560 words
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      Page 51 Advertisements Column 1
      426 51 BSfl a *VHKfViVsfSffVß|PVS(srSßiß^^^v M MYANMA iflßßk FIVE STAR LINE r (MyflMMr Nat Mid Um) 1 Locates for Ymjoi (R—|om) vtssn VOT SM Ptl PEN PGIJ lAGO VIMW SU PMTA 143W SU MALAYSIA AGBfTV; MUSTEAD SMPPMG AGENCIES lUL TH (03)*****00 PKL TH (03) *****01 POt TH (M) *****02 PGU: TH (07)
      426 words
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      Page 51 Advertisements Column 2
      1348 51 HMI HYUN^^AERCHANTJJJARINECOj^^D^^^^^^ [VBSa VOT SM I SOU Ifll mi AW HAM MV IE IVBSa ¥091 SO* I 11 IMMI AW HA4 WV I IE I SM I KXRS 009W 21/05 11/04 12/04 04/04 00/04 KTHMSAL 3171 S/N 05/04 01/05 04/15 22/05 WT 00—BOOM 319W 27/05 14/04 19/04 14/04 17/04 KK&
      1,348 words
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      Page 51 Advertisements Column 3
      1088 51 I norv%«gian specabed okAxamtn Gto)§(ojG Wilhelmsen Lines TO NORTH AND UTIN AMIRKA "RORO HUVYUFT SIRVKE" [Vissa VOY Mf ICGHT ISM I LAI Cll MIA SAY |Ml Off NYt NEW MOO TAMM F9ll 400 Tm 6.3 M 30/05 25/0* 04/07 07/07 09/07 11/07 12/07 14/07 1»/07 1f707~ TAIAMT F912 4001w 6JM
      1,088 words
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      Page 52 Advertisements Column 1
      853 52 ■AMOKOMtAP TA FWUT/UIM CHAIAMOI J A K ART A/PAN JANG VESSEL VOY SiN BKK MTP LCH~ VESSEL VOY SIN JKT PJN MATHU BHUM 415N 22/05 26/06 25/06 GURU BHUM ***** In Pt 23/05 XETHA BHUM" 284N 23/05 2«/05 27/05 AKA BHUM 344S 22/06 26/08 CHAWA BHUM** 71N 24/05 28/05 ANRO
      853 words
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      Page 52 Advertisements Column 2
      389 52 INPONESIANATIONAniN^I TO AUSTRALIA 1 FMJL COWTMNEW SERVICE "o—** 1« w/tig/w n/ts h/u »m io/n iy» tmwmmm as v/ti »/w mm n* 14* »/n 1* P/nw/M n/u io/n r\m m/u vm m—m lm |a*ig*l»/B4|oi*|M/B7p~ FEEDER SERVICE TO INDONESIA *0T SPOM SMUMM ILPMMK WMMH muMKcwwi m n/ts ims/h vn/ti si-m/m mmmm omw
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      Page 52 Advertisements Column 3
      692 52 vcmcls vot «n i pel I jed I mla l&i htm ham tee sot VIJ-EOEVB-A N3IW 26/06 27/06 jjjg Qg/06 IVO6 1W» 17AM WOB MWOM WUIBNHMMHM HBIW 31/86 OW6 IQAD6 ISM 2MM 22/06 2KB 2MB 2MB VBXE Q*OWON Y3IW WW OBW 17A08 22m 2W» ~»Qg 3QQ6 08/OT frvm VHE D
      692 words
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      Page 55 Advertisements Column 1
      48 55 ■•TAI Dial 740-6000 Oil Q€fTldnCj —Br (Retrieve more schedules!) Press "I" Select the port and key in the four digit code eg: To New York (NYQ 2275 Key in your fax number aPfi.. your phone number Another innovative service offered by The document will be Shipping Times I]*sJ<»ss.>2£„
      48 words
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      Page 56 Advertisements Column 1
      139 56 ,F °-™r FROM: U.K./ CONTINENT/ MIDDLE EAST TO: FAR EAST TAW SKN KKU TMA VBSfi/VOY SM lAEM CHAIANG MANILA HONGKONG KIELUNG A VISSfL 15/06 It/06 21/06 F,6AW 01/06 04/06 08/06 ■AUVSIA- HSN(M) SON WO TAWAU- OTWOMRBOm SVCS PORT ULANG AGBIT: SUNSHT AGBKKS (M) SON BHD f. KIAMG TIL *****00 SAMDAKAM-
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      Page 56 Advertisements Column 2
      198 56 I SHIPPING LINE 1 .#il|llilk" I ilk" I I I 3 I FY I LIBYA tobrup binohazi mmuuu tkipou LuuJ rasa mi I votwl k I wis Imo|mcl m on WMj mi Iw I m Bjgljß 5103 (M>S 00/05 I VPS 14/05 lUK tl/05 *MOi 01/Bt 11/W 11M IVtt IV»
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      Page 56 Advertisements Column 3
      115 56 ESP LINES wmir ia am Fa utvta ■mm mm wtosr awn onwoa; MHUS iMtn, NOW lOW MTIMMI KMMT.OOUMBO JMUfTA, IWJt AMTWBT, FBJSJOM CMOTTA IaWMWW 5555 (fflimnfiß ffirfttifrw WWVWT msßjwrm rum m m m m r.aMU/w n/ts it/as ii« i ix IBM I *OM* IMS WE life &UMMA7I IVK IVK IMS
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      Page 57 Advertisements Column 1
      955 57 SHIPPING LINE LTD 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. **********00 TEL; *****88 FAX: *****29 (OUTWARD) *****83-4 (INWAM) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LINE: 535 6266 Colio/Jostlco/Moi Chan/Jotlynn/Don/Iwy/Hawlt 8 SLGS/WEEK EVERY 4 DAYS VOY SM JAK VOY SIN idi p SINAR SUNDA
      955 words
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      Page 57 Advertisements Column 2
      917 57 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO PKG 1 UN an 1 SUI KW rpolcat- >0W HAL NTI Otf SAY MW TIM Mnii MB —anna /07S0 n/os n/os o*/os oi/os w/os 03/o* nm. JiM. Hfli JiZQL JIM. _UZ»L n/Q7 »/>; n/>y phi /mm 2tyoi oi/o* »i/ot o;/» i;m urn.
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      Page 57 Advertisements Column 3
      619 57 rrcm »w«so*<rtsy|V^cpi k\\« a h loosouoom k\\l Mnitftne Skipping Pi WJJJ IMfMSMrrI a h ItfglWMl VESSEL VOY I SIN BOM PNG PKL KOTA RATU RTUO4S I 25/06 01/06 TBA 12AM KEDAH 130N I 01/06 00/06 TBA 19/06 KOTA RUKUN RKNO3O 1 07/06 14/06 TBA 2S/06 |¥EHa VOY Ml CALCUTTA tm
      619 words
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      Page 58 Advertisements Column 1
      547 58 I~ VESSEL VOY TIGER BAY 710N 2122/06 26-29*05 04-05/06 I TIGER ISLAND 711N 25-26/05 31 03/06 06-09(t)6 I TIGER PEARL 712N 28-29,06 02-0&06 1112AJ6 I TIGER SEA 713N 31-01/06 o&<ao6 15-1606 I TIGER BAY 714N 04-0506 09-IZO6 18-***** I TIGER ISLAND 715N 0809/06 14-17/06 22 2306 I Ivesse^^^^VO^^Sl^^CAL^Sll^l HARIBHUM 909
      547 words
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      Page 58 Advertisements Column 2
      896 58 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lin«s) Fax: *****33 E-mail: BasinOsingnat.cofn.sg DIRECT CONSOLIDATION SERVICE TO ASHDOD COPENHAGEN MAHE PHNOMPENH BUENOS AIRES HELSINKI MALTA SAN ANTONIO CALLAO, PERU ISTANBUL MEXICO CITY SANTOS COLON, PANAMA IZMIR NHAVA SHEVA TAICHUNG PLEASE CALL OUR TOLL FREE LINE: 1800-*****66 FOR BOOKING Overseas Offices Hongkong 052-2******3
      896 words
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      Page 58 Advertisements Column 3
      1070 58 OOCL (Singapore) Pte Uj CFS Keppel «<«"*<«<* "MO *****13 Mk Sl3 #01-171 ...L..1m~ jj CI NO **********0H M: 272 7127 OQCLEi&P*- 1 temms x zsE (Malaysia) Sdn Bhd (feg N* *****MJ) cdf ™H* ikn I*o3-754 7774 F«l-03-754 4457 AtmiU) HRlf KIUNG W: 04-*****45/1 Fu: 04-*****43 ***** M W a ~~T5}S5r
      1,070 words
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  • Page 59 Miscellaneous
    • Miscellaneous
      Page 59 Miscellaneous Column 1
      104 59 LEGEND R Thunderstorm Twnpwotun 9 q X\ V Shower Weather Wind direction with speed m knots ee Ron Cloudy Sky Wove height Surface wiiwh ore mdicoted by arrows which Hy with the wind One fu# circle represents colm or light ond variable winds One ha« tWche 5 knots L> OnehJttecherep.esents
      104 words
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      Page 60 Advertisements Column 1
      126 60 The following Lines wish to advise Consignees that they have reached a position whereby they require to achieve full cost recovery of Terminal Handling Charges at the ports of Singapore and Port Kelang. The Charges will be manifested to conform with the normal practice of charging in other Trades for
      126 words