The Business Times, 25 May 1999

Microfilm: NL21497
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    15 1 THE BUSINESS TIMES MIT A (P) (MtVUJAW-cT 85c SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, MAY 25, 1999
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  • Article
    MARKET SUMMARY
    64 1 □CTI nasLßo (-20.50) nvr-sii mm 749J9 (-6.57) nmsanmnuss mm ***** (-1.20) JQj MARKET MOOD: STOClMABKFr INDICES Monday Change KLSE COUP ***** 26.46 NIKKEI 1****** *f7i 1 HANO SEND 12,***** +164.72 SET INDEX 469.98 -9J6 JAKARTA COUP _613*4 *21.98 MANILA OOMP —2,468.47 +28J4 TAIPEI WPI 7,***** -1&46 S80UL OOMP
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  • Article
    FINANCE
    78 1 FOBEX RATES U8I St us* -—1.7a £(US$/S$per U9t 8.7M EURO(US$/S$ per E) LK8 1823 DM 1.849 OBJ YEN I24.0_ LM9" RM SM9 14W Hid 7.7S*—tm BAHT 17.07 0.044 RUPIAH 8,14l_ ftttl •Jtth1 IfMiaUtl 'Gtte IOOmKi FUME BATES SINGAPORE* 5J25 KUALA LUMPUR Hi® Jakarta km BANGKOK 1476 MANILA 2190 HONGKONG
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  • Article, Illustration
    Lippo to sell big stake in insurer for 3t rupiah
    1104 1  -  Indon conglomerate in bid to rebuild its services empire From, Shoeb Kagda in Jakarta INDONESIA'S sixth largest conglomerate, the Lippo Group, Is selling a big stake in its corporate crown jewel to an American financial giant for an estimated two
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  • Article, Illustration
    Lock icon Transport stocks go into overdrive
    442 1  -  Tibs main gainer, with share np 26%, warrant 66% By Christopher Tan [SINGAPORE] Transport stocks continued to accelerate on huge volumes yesterday, as retail investors back from the weekend rushed to get on the gravy train. Tibs Holdings, in merger talks with Singapore MRT, was
    Source: Bloomberg  -  442 words
  • Article
    SingTel puts curbs on ex-staff
    601 1  -  They cannot join competitor within one year of leaving By' Teh Hool Ling [SINGAPORE] Singapore Telecom, which will face full-fledged competition for the first time next year, has introduced a clause in its employment contracts forbidding ex-employees from joining its competitors within a year of
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  • Article
    Closed-end funds don't always trade at a discount say analysts
    608 1  -  Rawlinson thinks Clobfandsconld swing either way By Siow Li Sen, Ven Sreenivasan and v en Sreenlvasan [SINGAPORE] Closed-end funds do not always trade at a discount to their net asset values (NAVs), though those listed in Singapore do so partly
    608 words
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      166 1 DHBPB The Property Cafamn Lee Han Shih on why there will be several more listed property GLCs by the end of the year, Pf4 n.-J j UWN aenuuMK The bond market is eagerly waiting for Malaysia to announce the pricing of its USs3b sovereign bond, expected anytime now, P*» ffrtttit
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      153 1 Banking piNANCE Banking is going through breathtaking changes. In In Singapore and around the world, mega mergers and technology are changing the industry. And this will be V the theme of BT's bumper 56-page Banking and Finance supplement. Dont miss it local sources... global view. Telekurs Financial provides detailed information
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      41 1 Closed-end tends promise more than a dead end, Pg 5 Clob may be bilateral issue again: Dr Hu, Pg 5 Boutique tend manager with wealthy clients, Pg 5 Offer born out of desire to break impasse, Pg 5 Maflbag, Pg 5
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Electronic services via handphones available next year
      421 2  -  Bill payments, Net banking and stock trading possible By Toh Han Shih BY the middle of next year, people in Singapore and Hongkong can enjoy a range of mobile electronic services like electronic commerce on handphones, said Mervyn Davies, group executive director of
      421 words
    • Article
      Lock icon More gains in Q2 from economic stimuli: Hu
      419 2 S'pore's economic recovery still patchy, however Reuters FINANCE Minister Richard Hu said yesterday that benefits from stimulative measures implemented by the government from January would show further in the second quarter, but the nation's economic performance remained patchy. Dr Hu told Reuters
      Reuters  -  419 words
    • Article
      What S'poreans buy in Malaysia: survey
      350 2  -  Byi Carol Eng DRY groceries and clothing top the shopping list of Singaporeans who go all the way to Malaysia to shop. The next most popular items are footwear, fresh groceries, cooked food, handicraft and medicine, a survey by the International Business Resource Centre
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    • Article, Illustration
      Lock icon N-E line: contracts worth $3.75b awarded
      394 2  -  Construction of most stations has already reached base levels Christopher Tan ABOUT $3.75 billion worth of contracts for the $5 billion north-east MRT line have been awarded, and the 20 km project is about 26 per cent done. In a progress briefing yesterday, project
      SIEW YAW HOONG  -  394 words
    • Article, Illustration
      Lock icon Economy to grow 5%: CSFB
      281 2  -  E7E ON THE ECONOMY Outlook By Eugene Low THE Singapore economy is expected to expand by at least 5 per cent this year, according to Credit Suisse First Boston (CSFB). In its report on the Singapore economy dated May 20, CSFB economist P K Basu
      Source: Credit Suisse First Boston  -  281 words
    • Article
      Customers not likely to switch banks
      405 2  -  By Carol Eng RELATIONSHIP banking is alive and well in Singapore bank customers say they are sticking with their present bankers, but not blindly though. Businesses and retail customers say their current banks have supported them well in the past. With banking competition set
      405 words
    • Article
      Peak power demand hints at recovery
      324 3  -  Power Grid says demand in April and May surpassed pre-crisis levels By Eugene Low PEAK electricity demand hit new highs during April and May, signalling a recovery in Singapore's manufacturing sector, Power Grid managing director Sim Kwong Mian said yesterday. Speaking to reporters at
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    • Article, Illustration
      Lock icon Edmund Koh leaving Citibank for Prudential
      203 3  -  Hell be succeeding Tan Suee Chieh as GEO, sources say By\ Catherine Ong EDMUND Koh, business director for customer franchise at Citibank, has resigned to become the chief executive of Prudential Assurance Company in Singapore, industry sources say. Mr Koh, who is widely quoted
      FILE PHOTO  -  203 words
    • Article
      European digital TV standard for S'pore
      214 3 SINGAPORE will adopt the European digital TV standard, Minister for Information and the Arts George Yeo announced last night at the launch of a history Web site, Knowledge Net. With this decision, digital TV, a new TV technology that promises many new services, should
      214 words
    • FOCUS: PROPERTY
      • Article, Illustration
        Privileges of 'unsinkable' property companies
        698 4  -  You're likely to so© several more listed property GLCs by the end of the year THE PROPERTY COLUMN By Lee Han Shih WHEN the year began, there were only three government-linked companies among the 20 property counters listed on the stock exchange. When the year
        698 words
      • Article, Illustration
        Lock icon Shanghai housing prices continue to fall: paper
        453 4 No upturn expected for Gnangfthon property either AFX-Asia [SHANGHAI] Shanghai residential property prices are likely to continue declining this year, after dropping 8 per cent last year, the People's Daily said. The city's average price per square metre of residential property in the
        AFX-Asia; FILE PHOTO  -  453 words
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      4 2 Your Partner in Recruitment
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      322 2 #LA TROBE UNIVERSITY "Top University: Top Rating for Educational Experience" LaTrobe BBA B "Top 5 Most Popular Australian Universities Among Asians" BBA HlllllBll ReSOUVCe Management .15 monthsadvanced standing Bachelor programs. 2 units BBA Management every 3 months 100% in Singapore by distance educauon For Poly Diploma or equivalent qualifications BBA
      322 words
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  • Page 3 Advertisements
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      9 3 The Straits Times CLASSIFIED Buy It. SdH FM H
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      142 3 Even the price looks del jci'ous. Traditionally delicious "feochew favourites, now delictously rich in value for money. SmU* per person The best place in town for tradition Teochew food also serves up unbeatable value for money in so many different ways. Tor example, the new Set Menu (minimum 2 people)
      142 words
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      50 3 Foreign Currency Fixed Deposits The easy part is enjoy ing our attractive interest rates. The hard part is deciding which gift you'd like to have. f C/ *S/o IsSm D R3 n wL Awarded by NCB to OCBC Bank in Uul I IX recognition of our commitment to L__ I
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  • Page 4 Advertisements
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      295 4 For Sale by Tender Residential Two Large Bungalow Sites 42/42A/44/44A Belmont Road UT f 2 storey building with 4 apartments Development potential Freehold BBBfcl**. 37 Yarwood Avenue jMPUBBBMBT r sWt Existing single storey bungalow Sale with existing tenancy Tender closing date: 7 June 1999 Monday at 4 pm For further
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      159 4 For Sale By Tender investment sales Prime Residential Site at N05.14-26 Pegu Roed Site area 10,8035f A a£"// 77~1 aPPrOX. BirchhwoodlS J DGP PR 2.8; up to 30 mkb /v.. s PUzi /c/Sht* fcST storeys fj Freehold tenure Close proximity to City, established U schoo Tender closing date: 2/6/99 Wednesday
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      157 4 PRIME FACTORY CUM WAREHOUSE FOR SALE Location Tuas Vicinity Description A part single-storey factory with ancilliary office, part 3-storey factory and a single-storey warehouse. Land Area Approx. 252,000 sq ft GFA Approx. 160,000 sq ft •Tenure JTCLeasehold3o 30yearswef 1996 Remarks Sale with vacant possession Sole Marketing Agent CB Richard Ellis
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  • FOCUS ON CLOB
    • Article
      Closed-end funds promise more than a dead end
      661 5  -  HOCK LOCK SIEW Wong Wei Kong LONG-SUFFERING Clob investors finally have something more agreeable to chew on. After the outcry over the unfairness of Akbar Khan's cash offer, a more workable and acceptable solution to the thorny issue of frozen Malaysian Clob
      661 words
    • Article, Illustration
      Lock icon Boutique fund manager with wealthy clients
      553 5  -  By Siow Li Sen WHO is Anthony Rawlinson and what does his company, The Global Value Investment Portfolio Management Pte Ltd, do? These questions are likely to be foremost on the minds of the 170,000 shareholders looking for a white knight to rescue them
      ARTHUR LEE  -  553 words
    • Article
      Offer born of desire to break impasse
      991 5 The following is information about Bintang Melewar's closed-end fund presented in question-and-answer format by Anthony Rawlinson. QUESTION: Was the planned purchase of Clob shares by Tunku Abdullah already in existence when Effective Capital (EC) initiated its various proposals (cash and closed-ended)? ANSWER: The
      991 words
    • Article, Illustration
      Lock icon Clob may be bilateral issue again, says Dr Hu
      442 5 Finance minister hopes private sector solution can be found Reuters [SINGAPORE] If private sector plans fail to end an eightmonth deadlock over Malaysian shares formerly traded in Singapore, the two nations may ultimately have to address the matter politically, Singapore's Finance
      Reuters; FILE PHOTO  -  442 words
    • Article
      Do foreign investors have equal rights?
      169 5  -  IfAIT.PAft Fabian Lee via Internet Singapore MALAYSIA is correct to say that nothing can be done about the Clob issue because Clob is already dead as far as Malaysian shares are concerned. Clob is not the issue. The real issue is: Do foreigners have
      169 words
    • Article
      Clob saga adds to M'sia's sovereign risk
      172 5  -  Ethan Chow Singapore IT was really terrible reading the letter from Mohd Kassim bin Ahmad ("Grow up, S'pore, and stop whining", BT, May 18), and I need to voice this out. First-of all, investors have one thing on their minds, and that's profit.
      172 words
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      18 5 •Tung Centre •Parkway Parade •A-Z Building Fof details, please contact owner: Tel. 437 6853 437 6872 534 3132
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      72 5 TAUPO~NEW ZEALAND*" 1 'selling the business assets' Strong commercial tourism business Mob OH W1 W3 Bus 64 9 309 6020 g,o th POtefltal Bayteyi M Estate Ud MREMZ New Zealand's only prawn farm Frank Be will Research and development Mob 021 979 605 complete now ready for ftrtnefcon Realty Lid
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Protesters storm US embassy gates
      197 6 MANILA AFP PROTESTS against a Philip-pine-US military agreement escalated yesterday with activists storming the US embassy gates here and communist rebels threatening to target visiting US troops. Filipino guards at the seaside embassy building were caught unawares when a group of about 30 activists, mostly
      AFP  -  197 words
    • Article
      Lock icon Habibie's presidential ticket may be reviewed
      447 6 JAKARTA Developments after Jane 7 polls may change Golkar's decision: official AFP, Bridge News THE decision by Indonesia's ruling Golkar Party to nominate incumbent President BJ Habibie as its sole candidate for the next presidency may be reviewed after the June 7 elections, a
      AFP,; Bridge News  -  447 words
    • Article
      Lock icon Batam foreign investment up 30%
      236 6 ■BATAM Bernama TOTAL foreign investment in the Indonesian island of Batam has reached US$l2 million (5520.6 million) in the first quarter of 1999, a 30 per cent increase compared to the same period in 1998. "There are 14 new foreign investors and three local ones
      Bernama  -  236 words
    • Article
      Lock icon Manila to profit from revised land deal with Amari
      217 6 MANILA AFP THE Philippines has renegotiated a deal with Thailand's Amari group and Manila stands to gain 30 billion pesos (551.36 billion) from it, President Joseph Estrada said yesterday. The government of his predecessor Fidel Ramos had ordered a review of
      AFP  -  217 words
    • Article
      Lock icon Multimedia Super Corridor project on target, says M'sia
      255 6 KUALA LUMPUR Authorities deny foreign investors are palling oat Reuters DEVELOPERS of Malaysia's ambitious new technology zone, the Multimedia Super Corridor (MSC), yesterday brushed aside sceptics and said the project is on target. The state-owned Multimedia Development Corp (MDC) dismissed talk that
      Reuters  -  255 words
    • Article, Illustration
      Lock icon Sign of support
      59 6 [KUALA LUMPUR] Malaysia's Deputy Prime Minister Abdullah Badawi signing on the replica of the cover of "A New Deal For Asia written by Prime Minister Mahathir Mohamad, at the launch of the book here yesterday. The outspoken Dr Mahathir criticises Europe in the book, calling Europeans warmongers
      REUTERS  -  59 words
    • Article
      Lock icon Minor reshuffle of Thai cabinet next month: minister
      371 6 BANGKOK But no polls soon as govt needs more time to effect recovery Reuters THAI Premier Chuan Leekpai is set to make a minor reshuffle of his cabinet before Parliament reconvenes in June, a senior minister said yesterday. But Interior Minister Sanan
      Reuters  -  371 words
    • Article
      Oakwood wins Ayala service apartments deal
      308 6  -  First Philippine high-end complex to target UNCs From Al Labita in Manila SINGAPORE-BASED US property firm Oakwood AsiaPacific, the region's largest corporate housing provider, has clinched a deal to manage the Philippines' first highend service apartments. Oakwood beat two foreign rivals for the right
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      1319 6 Singapore Singapore Computer Systems Limited Compute rS vs tern s (formerly known as ST Computer Systems Sen/ices Limited) _1 r (Incorporated in the Republic of Singapore) 1 NOTICE OF NINETEENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Nineteenth Annual General Meeting of the Company will be held at
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Chinese brokerage given nod to expand its capital
      384 7 SHANGHAI Reuters CHINA said yesterday it would allow a securities firm to boost its capital in a move that was widely seen as bringing new financial muscle to the brokerage sector. The nation's stock markets cheered the move yesterday, powering sharply higher
      Reuters  -  384 words
    • SINO Briefs
      • Article
        Lock icon China to merge vehicle makers
        72 7 AFX-Asia [SHANGHAI] China plans to merge its 13 main automobile manufacturers into 3-4 groups as a way of strengthening the enterprises' ability to compete with foreign competition, according to vehicle industry officials quoted in the China Business Times. The State Machinery Industry Bureau's planning and
        AFX-Asia  -  72 words
      • Article
        Lock icon Taiwan jobless rate at 3% in April
        86 7 Bloomberg [TAIPEI] Taiwan's jobless rate was little changed in April from the previous month, as companies held off hiring until there's more evidence of a rebound in economic growth. The unemployment rate, adjusted for seasonal factors, rose to 3.02 per cent in April
        Bloomberg  -  86 words
      • Article
        Lock icon It's time for consumer credit in China
        65 7 AFX-Asia [HONGKONG] China has all the necessary conditions to develop the consumer credit business, Xinhua cited Huang Jiaquan, an official of the People's Bank of China, as saying. He said most urban Chinese consumers are now focusing on more costly consumer items and
        AFX-Asia  -  65 words
      • Article
        Lock icon Jiang to attend Macau handover
        66 7 Reuters [HONGKONG] Chinese President Jiang Zemin will attend the ceremony marking the handover of Macau to China in December, a Hongkong's Television Broadcast Ltd said yesterday. Macau, a Portuguese-administrated territory, reverts to Chinese rule at midnight on Dec 19. "My visit (to Macau) should indicate
        Reuters  -  66 words
      • Article
        Lock icon Teng-hul's book criticised
        64 7 Reuters [BEIJING] China yesterday lashed out at a new book by Taiwan President Lee Teng-hui, saying the work demonised Beijing and would spread discord in Asia. A commentary in the official China Daily called Mr Lee's book, published earlier this month, a "ploy" to "dismember China entirely".
        Reuters  -  64 words
    • Article
      More foreign firms turning to acquisitions to enter China
      621 7  -  Shake-oat likely in existing investment projects as exports, demand shrink Prom David Murphy in Beijing AS the flow of foreign direct investment into China slows, companies are looking at new strategies. Many of those yet to commit themselves are rethinking their
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    • Article, Illustration
      Lock icon For cleaner air
      73 7 [HONGKONG] George Cautherly of 'Clear The Air' masking the famed bronzed lion at the Hongkong Shanghai Bank headquarters here yesterday to draw attention to the declining quality of air, as schoolgirls stand nearby with their masks. The non-profit organisation is promoting measures to reduce air pollution in
      AFP  -  73 words
    • Article
      Lock icon China admits problems on dam project
      222 7 BEIJING Work hampered by graft, engineering environmental woes LAT-WP THE official newspaper of China's Communist Party acknowledged that serious corruption, environmental and engineering problems are hampering the construction of one of the world's biggest public works projects, the Three Gorges Dam. In an editorial
      LAT-WP  -  222 words
    • Article
      Lock icon Beijing's GDE seen offering disguised debt writedown
      362 7 ■HONGKONG Debt-to-eqnity or debt-for-bonds swap likely, say analysts Reuters, Bridge News AFX-Asia A DISGUISED debt writedown is likely to be part of a restructuring plan today for indebted Guangdong Enterprises (Holdings) Ltd (GDE), the flagship investment arm of China'a Guangdong provincial government. GDE,
      Reuters,; Bridge News; AFX-Asia  -  362 words
    • Article
      Lock icon Beijing's high-tech emphasis hurting FDI growth: official
      348 7 SHANGHAI '98 FDI was USs4s.6b, seen belowUSs2obin'99 AFX-Asia CHINA'S emphasis on attracting high-tech and capital intensive foreign investment is having a serious negative impact on foreign direct investment, Ma Yu, director of the Ministry of Foreign Trade and Economic Cooperation research institute's foreign
      AFX-Asia  -  348 words
    • Article
      Lock icon No change in Taiwan investment rules: official
      113 7 TAIPEI Bridge News TAIWAN is not planning any changes as to the upper limit for investment by foreigners in local banks, Gary Tseng, deputy director of the finance ministry's Bureau of Monetary Affairs, said yesterday. "Under current regulations, foreign investors in aggregate are
      Bridge News  -  113 words
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      222 7 I Course For A I Market Share I I Ship Finance Insurance I Special Feature Shipping Times Thursday, 17 June 1999 The publication of the first-ever Ship Finance Insurance special feature is very timely. Currently *B» JS| Singapore is pushing ahead to become an international maritime centre, adding value to
      222 words
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  • ASIA
    • Article
      Lock icon Japan's April trade surplus falls 2.4% as imports pick up
      619 8 TOKYO Imports from Asia up 1.2%, the 2nd rise in 3 months after 13 months of decline Bloomberg JAPAN'S trade surplus shrank in April as government efforts to kick-start the economy through more spending spurred demand for imports. Exports rose
      Bloomberg  -  619 words
    • Article
      Lock icon Indian oil workers to strike
      70 8 AFP [NEW DELHI] More than 60,000 workers from India's state-run oil firms are to go on an indefinite strike this week to demand better wages, an official said yesterday. Employees from the giant Indian Oil Corp, the Oil and Natural Gas Corp and the Gas
      AFP  -  70 words
    • Article
      Lock icon Unit Trust of India seen losing some business
      533 8 NEWDELHI Foreign funds will make inroads into growing market AFP FOREIGN mutual fund firms have thrown down the gauntlet to India's state-owned giant Unit Trust of India (UTI), in a market expected to grow eight-fold over the next three years. Officials of
      AFP  -  533 words
    • Article, Illustration
      Lock icon Show of arms
      4 8 REUTERS
      REUTERS  -  4 words
    • Article
      Lock icon Sonia withdraws resignation
      237 8 NEWDELHI as expelled rebels announce plans for new party AFP INDIAN opposition leader Sonia Gandhi yesterday withdrew her resignation as leader of the Congress party, a party spokesman said. "She has agreed to withdraw the resignation and continue as Congress president," spokesman Pranab Mukherjee said, adding she
      AFP  -  237 words
    • Article
      Lock icon End-of-the-world business in Japan on the increase
      305 8 TOKYO Reuters WHILE so much of Japan's economy is mired in recession, the country's end-of-the-world business is booming. Largely fuelled by growing interest in a doomsday prophecy by 16th-century French astrologer Nostradamus, sales of anything anybody ever wanted for the end of humanity
      Reuters  -  305 words
    • ASIA Notes
      • Article
        Lock icon NZ govt seen winning confidence vote
        84 8 Bridge News [WELLINGTON] New Zealand's minority government is expected to win a confidence vote in Parliament tomorrow. Treasurer Bill Birch presented the 1999-2000 (July-June) Budget to Parliament last Thursday and a vote to accept it is due tomorrow afternoon at the conclusion of the
        Bridge News  -  84 words
      • Article
        Lock icon Aussie business confidence growing
        76 8 Reuters [CANBERRA] The Australian Chamber of Commerce and Industry (ACCI) said yesterday that business confidence continued to improve as the effects of the Asian economic crisis dissipated. ACCI said aggregate results of its National Survey of Business Expectations showed business conditions, sales and investment had continued
        Reuters  -  76 words
      • Article
        Lock icon Senate vote on Telstra seen this week
        69 8 Reuters [CANBERRA] A vote on the Australian government's legislation to privatise the rest of local teiecoms giant Telstra Corp Ltd is expected this week, a government spokesman said yesterday. "We would expect a vote this week," a spokesman for Communications Minister Richard Alston
        Reuters  -  69 words
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      505 8 nn HUAN HSIN HOLDINGS LTD. NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Third Annual General Meeting of Huan Hsin Holdings Ltd will be held at Westin Stamford Westin Plaza, Raffles City Convention Centre, Bras Basah Room, Level 4,2 Stamford Road, Singapore *****2 on Thursday, June 10,1999
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      218 8 JK utermomie »i»ok»ci» Ingram Mkto A«./kK. IfllMfM ELECTRONIC RESOURCES LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Members of Electronic Resources Limited (the "Company") will be held at 205 Kallang Bahru #04-00, Singapore *****1 on
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  • ASIA OH THE MEND
    • Article
      Bond market waiting for pricing of US$3b M'sian bond
      442 9  -  Analysts expect good demand for the issne despite US moving to a tightening bias By Catherine Ong [SINGAPORE] The bond market is eagerly waiting for Malaysia to announce the pricing for its US$3 billion (555.2 billion) sovereign bond, expected anytime now.
      442 words
    • Article, Illustration
      Lock icon Kim replaces most of his cabinet ministers
      420 9 Chaebol critic Kang Bong Kynn is made finance minister Reuters [SEOUL] South Korean President Kim Dae Jung yesterday replaced most of his cabinet, apparently seeking to sustain the sweeping economic reform movement he inaugurated 18 months ago and prepare for parliamentary elections next
      Reuters; REUTERS; AFP  -  420 words
    • IN Briefs
      • Article
        Lock icon More foreign bank branches in Thailand
        74 9 Bloomberg [BANGKOK} Thailand plans to allow foreign banks to set up more branches in a move to further open its closely regulated banking industry to competition, central bank governor Chatumongkol Sonakul said. Bank of Thailand currently allows 21 full-licence foreign banks to open one
        Bloomberg  -  74 words
      • Article
        Lock icon Jakarta to revamp finance ministry
        79 9 AFP [JAKARTA] The Indonesian government is preparing to restructure the finance ministry in response to new laws including new central bank legislation, Finance Minister Bambang Subianto said in remarks published yesterday. "We are designing a new organisation hopefully we will announce it soon," Mr Subianto
        AFP  -  79 words
      • Article
        Lock icon Thai asset sales by August
        110 9 Bloomberg [BANGKOK] Thailand expects scant interest from foreign investors when it disposes of the remaining 285 billion baht (5H3.2 billion) of assets seized from 56 defunct finance companies, the government said. About four-fifths of the assets—which have to be sold by August—are the seized small
        Bloomberg  -  110 words
    • Article
      Lock icon Danamodal names 14 nominees to 3 banks' board
      223 9 Danamodal's investment provides for key positions AFX-Asia [KUALA LUMPUR] Danamodal Nasional Bhd said it has appointed 14 nominees to the boards of three banks BSN Commercial Bank (M) Bhd, Oriental Bank Bhd and MBf Finance Bhd. In a statement, it said that
      AFX-Asia  -  223 words
    • Article, Illustration
      Lock icon Thai cabinet to decide on size of bond issue today
      234 9 Reuters [BANGKOK] Deputy Thai Prime Minister Supachai Panitchpakdi said yesterday the cabinet would consider a suitable amount of new government domestic bonds to mop up high excess liquidity in the money market. Mr Supachai told reporters the weekly cabinet meeting
      Reuters  -  234 words
    • Article
      HK's real interest rate of over 12% at 20-year high
      462 9  -  April CPI declines 3J8% in 6 straight months of deflation Fromi Quak Hiang Whai in Hongkong HONGKONG'S real interest rate, a key figure watched closely by the investment community, has reached over 12 per cent, the highest in 20 years.
      462 words
    • Article
      Lock icon China, region cast shadow on HK: Moody's
      257 9 AFP [HONGKONG] Asia's slow economic growth and economic and political developments in China are likely to affect Hongkong for the remainder of 1999 despite a moderation in the region's economic downturn, Moody's Investors Service said in a report received here yesterday. A second
      AFP  -  257 words
    • Article
      Lock icon M'sian capital investment hits RM8.8b so far this year
      356 9 Bernama [KUALA LUMPUR] Up to yesterday, total capital investment approved in Malaysia reached 8.8 billion Malaysian ringgit (Ss4 billion) so far for the year. "The amount (of investments) approved has almost touched RMIO billion in the first few months of this
      Bernama  -  356 words
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  • THE WORLD
    • Article
      Lock icon US antitrust regulators turn tough
      549 10 WASHINGTON Recent victories against some giants underscore campaign against monopoly and price-fixing LAT-WP IN the biggest crackdown on business abuses in a generation, Attorney-General Janet Reno's antitrust gurus are flexing their regulatory muscle with newfound vigour, fresh off a string of high-pro-file assaults on corporate
      LAT-WP  -  549 words
    • Article, Illustration
      Lock icon Germany marks 50 years of democracy
      307 10 BERLIN, Build on past to maintain freedom, prosperity, Herzog tells nation AFP OUTGOING President Roman Herzog marked the 50th anniversary of Germany's post-war democracy yesterday by urging people to be vigilant and maintain the freedom and prosperity built upon the ashes of the Nazi
      AFP  -  307 words
    • Article
      Lock icon Battle becomes politicised as BBC seeks new chief
      582 10 LONDON Frontrunner hit by talk of his donations to Labour Party Reuters THE knives are out, the backstabbing has begun and the bookies are taking bets. Judging from the Machiavellian manoeuvring, you'd think it was a political race not the stately selection
      Reuters  -  582 words
    • Article
      Lock icon Zero UK growth in Q1 could hasten rate cut
      526 10 LONDON Downward revision to GDP figures takes analysts by surprise Reuters, Bridge News THE British economy ground to a halt in the first quarter of this year, with gross domestic product unchanged from the quarter before, revised data showed yesterday. The
      Reuters,; Bridge News  -  526 words
    • WORLD Watch
      • Article
        Lock icon Clinton defends Reno over China flap
        69 10 AFP [WASHINGTON] US President Bill Clinton rejected calls to (ire his attorney general Janet Reno yesterday for laxity in a China nuclear espionage probe, the day before the release of a report on Beijing's spying. Ms Reno has come under fire for the Justice
        AFP  -  69 words
      • Article
        Lock icon Brazil bond swap cancelled
        45 10 Bloomberg [LONDON] Brazil cancelled a swap of new 10-year bonds partly backed by the state development bank for outstanding corporate debt, as demand fell short of the US$l billion (Ssl.7 billion) minimum, said bankers. The swap attracted US$6B4 million of bonds.—Bloomberg
        Bloomberg  -  45 words
      • Article, Illustration
        Lock icon Mogul takes time to smell the flowers
        39 10 Reuters [LONDON] Designer and restaurant mogul Terence Conran smoking a cigar in the Evening Standard garden which he designed at the Chelsea flower show yesterday. The show is on till May 28.—Reuters
        Reuters  -  39 words
      • Article
        Lock icon TO FTC gets power for antitrust work
        52 10 Bloomberg [WASHINGTON] The US Federal Trade Commission may cite trade groups for unfair competition, the Supreme Court said in a decision that strengthens the government's hand in antitrust enforcement The FTC can now order changes in the business practices of trade groups, even
        Bloomberg  -  52 words
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      55 10 TheßusinessTimes SINGAPORE 09 Q 3 ■it 3 T1 3 Q 3 A a BT 56-page 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
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  • EDITORIAL & OPINION
    • Article, Illustration
      Is civil war in E Timor inevitable?
      655 11  -  THE BOTTOM LOVE OPINION By Manjit Bhatia The writer is lecturer in political economy at the University of Queensland in Australia THE East Timor question may well prove to be as onerous as the Balkans. Containing the Timor fallout doesn't now seem possible.
      655 words
    • Article
      IN OTHER WORDS
      173 11 'In Malaysia our attitude is to be corporate friendly. Everyone's a 'crony' in Malaysia. We help all companies, big or small.' MolmimJ Malaysia's second finance minister, defending the government's rescue of key corporate groups during the economic crisis, pointing out that 300 million ringgit (*****.6 million) had
      173 words
    • Article
      The Korean experience
      673 11 EDITORIAL KOREAN President Kim Dae Jung's sweeping cabinet reshuffle announced yesterday is surely proof of his seriousness in trying to reinvent the economy. Of particular significance is his choice of Kang Bong Kyun as the new minister of finance and economy. A US-trained economist, Mr Kang is
      673 words
    • Article, Illustration
      Lock icon Why Nato's air war in Yugoslavia is wrong
      1249 11  -  If it is not prepared to fight a proper war, then it must negotiate peace By William Rees-Mogg The writer is a former editor of The Times I REMEMBER a tennis party in Somerset in 1937 where I acted as a ball
      FILE PHOTO  -  1,249 words
    • Article, Illustration
      WHAT THE OTHERS SAY
      924 11 Cftoptlpta^litadNMb STREETS filled with cheering, flag-waving crowds and good-humoured policemen directing the traffic; that scene yesterday in Jakarta hardly epitomises the usual Indonesia election campaign. Even before Indonesia was rocked by the violence of the past year, elections were sometimes marred by trouble... The rally by
      924 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Belgian film is Cannes winner
      562 12 FILM The low-budget Rosetta also takes a share of the best actress award for its star Emilie Dequenne LAT-WP [CANNES] Like the Little Engine That Could, Rosetta, a low-budget Belgian film that its directors drove to the festival just in time for a non-prestigious daytime
      LAT-WP  -  562 words
    • COMPANIES & MARKETS
      • Article
        Scotts' capital reduction plan cuts par value to 20 cts
        607 13  -  It also reports $66m loss for the eight months to Feb 28 By Conrad Raj [SINGAPORE] DBS Land, Scotts Holdings' new masters, has moved quickly to put the company on a firmer financial footing. Scotts yesterday announced a capital reduction
        607 words
      • Article, Illustration
        Keppel Land set to take stake in Telok Blangah project
        484 13  -  It will also take majority stake in group's property arm in Philippines By\ Marissa Chew [SINGAPORE] Keppel Land is set to expand its portfolio with stakes in the massive harbour site project at Telok Blangah, and in Keppel Philippines Properties
        484 words
      • Article
        KT&T jumps 26% to new high on market talk
        376 13  -  By Teh Hooi Ling [SINGAPORE] Keppel Telecommunications Transportation (KT&T) yesterday surged 52 cents or 26.3 per cent to close at a record high of $2.50 on diverse market talk, all of which was denied by a Keppel Corp spokeswoman. The precipitous
        376 words
      • Article, Illustration
        Pacific Century to place out 27m shares
        470 13  -  Shares priced at $4.95 apiece; PCRD aims to raise $130 m Prom Quak Hiang Whai in Hongkong CONFIRMING market speculation, Richard Li's Pacific Century Regional Developments (PCRD) is taking advantage of its strong share price to raise money for working capital and to
        470 words
      • Article
        New share options at market price: DBS
        302 13  -  No discount even though this will be catered for in proposed plan Byi Catherine Ong [SINGAPORE] DBS Bank said yesterday that it intends to issue share options under a new scheme approved by the stock exchange last month at market price rather than
        302 words
      • Article
        Lock icon DBS Thai Danu's 6.7b baht new securities sold out
        124 13 Bridge News [BANGKOK] DBS Thai Danu Bank Pic said yesterday its issue of 6.667 billion baht (*****.7 million) of preferred shares-cum-debentures was sold out last Thursday, only four days after the subscription period began. DBS Thai Danu is the local subsidiary
        Bridge News  -  124 words
    • COMPANIES
      • Article
        Lock icon SAirGroup confirms it may sell SIA stake
        181 14 AFXAsia [ZURICH] SAirGroup AG confirmed yesterday that it saw a divestment of its 0.62 per cent stake in Singapore Airlines Ltd as a possibility in order to generate liquid funds for the group. An SAirGroup spokeswoman confirmed reports in the weekend press that
        AFX- Asia  -  181 words
      • Article
        Lock icon Wharf to rise by 38% in 12 months: analyst
        244 14 Bloomberg [HONGKONG] Wharf (Holdings) Ltd wUI rise another 38 per cent to HK$2B per share in the next 12 months, as its Internet and cable television operations become the major revenue source for the group in the next four years, Lehman
        Bloomberg  -  244 words
      • Article
        Not yet time to pick up M'sian broking stocks: analysts
        678 14  -  Market volume hit new high last week, but values far below previous peaks From Diana Oon Abdullah in Kuala Lumpur MARKET volume on the Kuala Lumpur Stock Exchange hit a record high last week but analysts said it may still
        678 words
      • Article, Illustration
        Lock icon Wah Shing wants to buy back shares
        364 14  -  It also plans to undertake interested person transactions By\ Teh Hooi Ling [SINGAPORE] Toy maker Wah Shing is seeking mandates from its shareholders to buy back its shares and to undertake interested person transactions in a special general meeting to be held on
        FILE PHOTO  -  364 words
      • Article
        Lock icon First Pacific sees Smart injection into PLDT
        286 14 AFX-Asia, Bloomberg [HONGKONG] First Pacific Co Ltd expects to have injected its Smart Communications Inc subsidiary into associate Philippine Long Distance Telephone Co Inc in exchange for new shares in the latter by end-1999, according to managing director Thomas Yasuda. "We still remain
        AFX-Asia,; Bloomberg  -  286 words
      • Article
        Lock icon Bank Universal plans rights issue to raise 5t rupiah
        458 14 If successful, bank won't have to go into recapitalisation plan Bridge News [JAKARTA] Indonesia's Bank Universal, a subsidiary of automaker Astra International, will seek to raise 5.063 trillion rupiah (Ssl.l billion) in a rights issue that will involve the bank issuing
        Bridge News  -  458 words
      • Article
        Lock icon 99m RHB Capital shares placed out, say dealers
        179 14 Reuters [KUALA LUMPUR] A block of 99.3 million shares of Malaysia's RHB Capital Bhd were placed out to select investors on Friday, dealers said yesterday. The shares which were sold at 3.80 ringgit each were those owned by KUB Malaysia Bhd, they
        Reuters  -  179 words
      • COMPANY Briefs
        • Article
          GRP sells land for $4.5m
          90 14 [SINGAPORE] GRP Ltd, a mainboard-listed marine equipment maker, has agreed to sell 8,772 aq m of office and induBtrial space at Tanjong Penjuru Crescent for $4.5 million. It said yesterday that the sale of the land, with a book value of $3.9 million, would give
          90 words
        • Article
          Kian Ho shareholder trims stake
          65 14 [SINGAPORE] Kian Ho substantial shareholder KHB Holdings Pte Ltd has sold 10 million Kian Ho shares for $3.7 million, cutting its stake in the company to 50.29 per cent from 56.7 per cent previously. The shares were sold yesterday at 37 cents apiece, compared to
          65 words
        • Article
          UOB, UOF plan cut in directors' fees
          66 14 [SINGAPORE] United Overseas Bank and its subsidiary. United Overseas Finance, have proposed lower fees for their respective directors. UOB is seeking to have $220,500 in directors' foes approved feu* 1986, down from $270,00 the previous year, at an annual general meeting this Friday.
          66 words
        • Article
          More time for DMIB-Sime Tyres merger
          90 14 [KUALA LUMPXJR} The Securities Commission has given DMIB Bhd, conglomerate Sime Darby's tyre maker unit, more time to complete its merger with Sime Tyres International (M) Sdn Bhd. The new deadline is Dec 31 this year. The merger, which was proposed late last year,
          90 words
        • Article
          CWT denies interest in Fright Links
          59 14 [SINGAPORE] CWT Distribution yesterday denied market talk that it was buying Freight Links Express Holdings. It said it "is not aware of any reasons/circumstances for the sharp increase in turnover of the company's shares recently". In the market yesterday, the CWT share soared 67
          59 words
        • Article
          Lock icon Flextech in Thai joint venture
          51 14 AFX-Asia [SINGAPORE] Flextech Holdings has formed a joint venture to distribute electronic components in Thailand. The company said yesterday that wholly-owned subsidiary Flextech Electronics Pte Ltd had formed a Joint venture with SII Thailand Co Ltd. Flextech will own 49 per cent ofthe joint venture.—AFX-Asia
          AFX-Asia  -  51 words
      • Article
        Lock icon Olivetti quashes deal with Deutsche Telekom
        504 15 But German giant refuses to abandon plans to merge with Telecom Italia Reuters, FT [MILAN] Olivetti wasted no time in putting its stamp on its new acquisition Telecom Italia, confirming it had ditched plans for a merger with Deutsche Telekom that would have been
        Reuters,; FT  -  504 words
      • Article
        Lock icon TI settles for US$1b with Hyundai
        234 15 Bloomberg [DALLAS, Texas] Texas Instruments (TI) said it reached a cross-licensing agreement with Hyundai Electronics Industries valued at US$l billion (Ssl.7 billion) over 10 years, settling all patent litigation between the chipmakers. Under the agreement, TI will receive royalty payments retroactively from 1997 through
        Bloomberg  -  234 words
      • GLOBAL Briefs
        • Article
          Lock icon Vodafone gets EU nod to buy AirTouch
          103 15 Bloomberg, AFX-Asia [BRUSSELS] Vodafone Group won European Union approval to buy AiiTouch Communications for U5573.4 billion (*****.2 billion) after agreeing to shed its 17.2 per cent stake in German mobile phone operator E-plus. The European Commission said the E-plus stake, combined with Air
          Bloomberg,; AFX-Asia  -  103 words
        • Article
          Lock icon Eleotrolux, Toshiba in tie-up talks
          68 15 Reuters [STOCKHOLM] Sweden's AB Electrolux yesterday said it was in talks with Japan's electronics maker Toshiba Corp on cooperating in the household goods business but a merger was not being discussed. "A merger or a full scale acquisition is not part of talks, it's about
          Reuters  -  68 words
        • Article
          Lock icon Hitachi Zosen loss doubles to 27,3b yen
          92 15 AFP [TOKYO] Japan's Hitachi Zosen Corp yesterday said its group net loss doubled to 27.3 billion yen (*****.2 million) in the past year to March due to a sharp fall in private capital investment. The major shipbuilder said it posted a pre-tax loss
          AFP  -  92 words
        • Article
          Lock icon Carrefoor to open in Japan
          67 15 FT [TOKYO] Carrefour, France's biggest retailer, expects to open its first hypermarket in Japan by early 2001 and thus to become the first foreign supermarket operator to enter Asia s largest economy. Carrefour said yesterday it was impossible to know how many outlets the group
          FT  -  67 words
      • Article, Illustration
        Lock icon IBM's Deep Blue goes into business
        393 15 Institute to tackle problems that are now beyond reach NYT [NEW YORK] Remember Deep Blue, the IBM supercomputer that beat world chess champion Garry Kasparov? Well, two years later, IBM is getting ready to give Deep Blue-style computing a real challenge by trying to
        NYT; FILE PHOTO  -  393 words
      • Article
        Lock icon Cadbury scales back drinks sale to Coca-Cola
        326 15 Bloomberg [LONDON] Cadbury Schweppes pic, the world's fourth-largest confectionery maker, scaled back its worldwide sale of soft-drinks businesses to Coca-Cola Co after the transaction ran into antitrust obstacles. The new agreement for brands including Schweppes, Dr Pepper and Crush excludes European Union (EU)
        Bloomberg  -  326 words
      • Article
        Lock icon Toyota gain 21.6% down as Japan sales drop, costs rise
        547 15 Costs will weigh on profit next year; yen seen the wildcard Bloomberg [TOKYO] Toyota Motor Corp, the world's third-biggest automaker, said profit fell 21.6 per cent from a record the year before as shrinking revenue in Japan and the cost
        Bloomberg  -  547 words
      • Article
        Lock icon Nippon Steel profit drops 82% on lower sales in Japan, Asia
        378 15 Company expects even worse showing in current year Bloomberg [TOKYO] Nippon Steel Corp said yesterday that group current profit fell 82 per cent as sales fell in Japan and the rest of Asia, while four of Japan's five largest
        Bloomberg  -  378 words
      • Article
        Lock icon Soros' UK property firm gives up Greycoat bid
        202 15 Bloomberg [LONDON] Delancey Estates pic, billionaire George Soros' UK property company, gave up its hostile £282.5 million (*****.9 million) takeover bid for rival Greycoat pic, ceding defeat to Mercury Asset Management. Delancey agreed to sell its existing stake in the company for
        Bloomberg  -  202 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Sumitomo Trust, Nippon Trust go into the red as bad loans hit
        606 16 Both expect to post profit this year after writing off billions of yen in bad debts Bloomberg, Reuters (TOKYO] Sumitomo Trust Banking Co Ltd and Nippon Trust Bank Ltd yesterday announced losses for the year to March, writing
        Bloomberg,; Reuters; REUTERS  -  606 words
      • Article
        Lock icon Wider credit spreads hit Australia's corporate debt market
        299 16 Reuters [SYDNEY] A global widening in credit spreads has rattled Australia's corporate debt market, causing the pricing of a new issue to be postponed and another deal to be conservatively marketed. Triggered by last week's decision by the Federal Reserve to move
        Reuters  -  299 words
      • Article
        Lock icon Bank of China, plans to list HK subsidiary
        386 16 Move will force bank to disclose balance sheet, operations FT [SHANGHAI) Bank of China, one of China's big four stateowned banks, is planning to list its independent Hongkong subsidiary, Bank of China Group. This would be the first public offering of a
        FT  -  386 words
      • Article
        Lock icon A&L, Bank of Ireland confirm merger talks
        422 16 Tie-up will create UK's fifth-largest mortgage lender Bloomberg [LONDON] Alliance Leicester pic, the UK bank, and Bank of Ireland pic yesterday confirmed they are in talks that could lead to the biggest banking merger in the British Isles in four years. A merger
        Bloomberg  -  422 words
      • Article
        Lock icon Bond investors in Japan face dilemma over low rates
        400 16 Bloomberg [TOKYO] Want to buy a government bond that pays you 0.06 per cent interest for two years? Neither do investors in Japan, where yields have dropped to record lows on securities maturing between three months and six years. An alternative
        Bloomberg  -  400 words
      • Article
        Lock icon Goldman, Deutsche Bank patch up row over hiring analysts
        404 16 Bloomberg [LONDON] Goldman Sachs Group, which advised Deutsche Bank in its takeover of Bankers Trust Corp, has made peace with the German bank after it hired a group of top Deutsche Bank research analysts. The spat underscores the difficult balance investment
        Bloomberg  -  404 words
      • Article
        Futures end lower as foreign funds stay away
        134 17  -  MS& Singapore Index Edward Cheung, Jardine Fleming THE MSCI Singapore Index opened higher before it began its slide as investors off loaded bank stocks on concern that the MAS' (Monetary Authority of Singapore) reform measures to encourage foreign competition will hurt their
        134 words
      • Article
        Futures tumble on bank loan problems
        197 17  -  MS& Taiwan ftitnres Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures tumbled as concerns over banks' overdue loans and a possible antidumping ruling by the US government against some Taiwan chipmakers marred market sentiment. The May 1999 contract ended down 1.5
        197 words
      • Article
        Lock icon Crude oil falls as Iraq seen shipping oil with little delay
        333 17 ENERGY REPORT Bloomberg [NEW YORK] Crude oil fell almost 2 per cent yesterday, ending a two-day rally, on expectations that Iraq will continue exporting oil, with little disruption, under a United Nations programme that takes effect today. Iraq accepted
        Bloomberg  -  333 words
      • Article
        Lock icon CURRENCY REPORT
        320 17 AFP Reuters THE euro refused to revisit lifetime lows against the US dollar in Europe yesterday but was unable to pull too far away from these troughs amid lingering pessimism about Germany's economic outlook. With much of Europe on holiday, trading was muted, but any fresh signs of
        AFP; Reuters  -  320 words
      • Article, Illustration
        Untitled
        1075 17 nrrniBAiiK cross rates o> May 24 2— m l«<i«hphfc Yw WW in Hu *mi Sfr BT$ tm Hmt W AotrMa 0.960 4.178 0120 4.069 1213 5.0*7 28.*****402 0JI3 7.103 2.493 t>0«U0?1 7Amt it v. inu *au <** 1042 5.675 0.646 4.240 1264 5.301 29.222 55.651 0.841 8132 2598 1.2»M4«££S tS
        1,075 words
      • Article
        Untitled
        1501 17 SICOM FUTURES May 24 RUMCR (fvtum ekmq w it 5.39pm) Oom Vol— OpM u» /fit ft»—p iwtfMt ***** 50 106J0 700 A** 375 Sipw ttl.25 275 W/DjcW W.75 AH K75 150 1500 J"A*rOO 120.50 KSSlCORTMCT(USc«tife> VoIwm Oms Mot* igl LW Stt (to—,) MrtoErt .*»99 60.75 615 M-00 62.00 62.00 300
        1,501 words
    • Article, Illustration
      Lock icon HONGKONG
      1395 18 AFP PI Hang Seng +164.72 HONGKONG share prices rose 1.3 per cent yesterday on late selective bargain hunting, amid a slowdown in overseas fund inflows, dealers said. "The market moved in a narrow range as investors were trying to accommodate short positions at the current level amid a lack
      AFP  -  1,395 words
    • Article, Illustration
      Lock icon CHINA
      567 18 AFP, Reuters B Index +L 57 SHENZHEN'S hard currency B shares and domestic A shares closed sharply higher yesterday on news that regulators cleared a securities firm for a major capital expansion, brokers said. The B Share Index rose 1.57 points, or 2.79 per cent, to 57.86 on heavy
      AFP,; Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  567 words
    • Article
      Lock icon TAIPEI
      343 18 AFP Dwp Intel jMj TAIWAN share prices closed 0.2 per cent lower yesterday as investors stayed on the sidelines, dealers said. "Investors tended to become more cautious as the index approaches the psychological 7,700-point level," said Yu Yin-kai, manager of Grand Cathay Securities. The Taiwan Stock Exchange Weighted Price
      AFP  -  343 words
    • Article
      WORLD STOCK MARKETS
      2021 18 Pay 24 31 Croup 6.97 -0.06 Abbey National 13.01 0.04 A Foods 4.83 0.04 A B Ports 2.B5 unch AManco t Leicester 9JO 0.60 AMed Domacg 5.52 -0.09 AMad Zurich 7.86 -0.11 Anglo American Gold 43.70 1.50 ASOA Croup 1.79 -0.01 Bank of Scotland 8.90 0.21 Barclays
      2,021 words
    • Article
      Lock icon TOKYO
      1625 18 AFP H Nikkei 225 +9751 SHARE prices in Tokyo closed 0.6 per cent higher yesterday, supported by late bargain hunting which reversed declines in early trade, brokers said. "Share prices sank toward the 16,000 level in the morning as market sentiment remained weak," said Masatoshi Sato, a broker at
      AFP  -  1,625 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8577 19 NUfTMALS Cmmmt prs*Kti INI Lut Vol Day Net Cap High Lew Company M» '000 High Low P/I SmH 300 2S5 A/inomoto 340 -22 12 362 340 18.8 1373 US 46 Angkese 92 -15 226 tlO 92 135.7 293 220 Apollo Food Hlg 276 -1 9 278 276 9.6 110.4 204
        8,577 words
      • Article, Illustration
        Lock icon Share prices dragged down by forced selling
        420 19 AFP PjCoinpofflte Index -2145 MALAYSIAN share prices fell 3.4 per cent yesterday amid profit-taking and forced selling following recent sharp gains, dealers said. The Kuala Lumpur Stock Exchange Composite Index finished at 743.34 points, down 26.45 points from Friday's close. The lesser Second
        AFP  -  420 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        KT&T wrt for long-term leveraged play
        178 20  -  WARRANT WATCH By Ven Sreenivasan KEPPEL Telecoms Transport yesterday shot up sharply on heavy volume on talk of an Impending restructuring of the company's businesses. The stock rose 52 cents or 26 per cent to $2.50 and the warrant, 85 cents or 77 per
        178 words
      • Article
        Untitled
        2174 20 BONDS, LOANS i WARRANTS < iMt Vol Day LMt Ouot. Av« Hlgb La* Sim Ctfflptny Sal* *or- COOO) Mlqh Lav Buyer Sallar Frtea 3 3160 *Acar ******1USS 21 unch 294 22.5 21 21 21J 35.3 4.5 < 3164 Acma ******4 30.5 *03 1095 31 29.5 30 30.5 28 30 16
        2,174 words
      • Article
        CLOB INTERNATIONAL
        203 20 HOMKOM STOCKS Or Gr M LMt V«l D»V LMt Ouott OK W* YM N« M Ca» Mm> L— stno Cm*—xy sm roop) L— >g> S—»r Cw H P/t frwi 345 173 5123 CO. (2000) HK 325 280 8 3.7 2.5 11 6292 5 5124 C«th»y Pic 20c MK_
        203 words
      • Article, Illustration
        Lock icon JAKARTA
        687 20 AFP Q Composite Index +2L98 INDONESIAN share prices rose 3.6 per cent in heavy trade yesterday to close above the 600-point level for the first time since September 1997, dealers said. Amid renewed local interest boosted by a peaceful election campaign, the Jakarta Stock Exchange Composite Price Index closed
        AFP  -  687 words
      • Article, Illustration
        Lock icon BANGKOK
        876 20 AFP P SET Intel -&3S THAI stocks closed down 1.9 per cent yesterday as investors remained on the sidelines in the absence of incentives to enter the market, dealers said. The Stock Exchange of Thailand Index closed down 9.35 points at 469.98 while the select SET 50 slipped 0.88
        AFP  -  876 words
      • Article
        Lock icon MANILA
        249 20 AFP H Manila *2&34 PHILIPPINE share prices rose 1.1 per cent yesterday on buying of key issues ahead of the government's release of economic growth figures later this week, analysts said. The Philippine Stock Exchange Composite Index added 28.34 points to 2,405.47. Turnover fell to 2.6 billion shares worth
        AFP  -  249 words
      • Article
        Lock icon SEOUL
        384 20 AFP QflmpoßteMn -\AM SOUTH Korean shares fell 2.1 per cent yesterday to below the key 700-point level on concerns over the declining yen, amid speculation the United States will maintain its strong dollar policy, dealers said. "Concerns that the yen would further weaken to the dollar are keeping overall
        AFP  -  384 words
      • Article
        Lock icon SYDNEY
        659 20 AFP PAnOrHairiai -LB AUSTRALIAN share prices closed down 0.1 per cent yesterday in one of the quietest sessions this year. The Australian Stock Exchange's benchmark All Ordinaries Index closed down 1.5 points, at 2,949.2. The All Industrials Index closed down 5.8 points at 5,175.7 while the All Resources closed
        AFP  -  659 words
      • Article
        Lock icon WELLINGTON
        292 20 AFP n Wellington NEW Zealand share prices closed up 0.3 per cent yesterday on follow-through buying of Telecom Corp, dealers said. The NZSE-40 Index ended up 8.13 points at 2,156.97 on total turnover of NZ5137.5 million. Telecom surged 28 cents to NZsB.so— AFP «>tM us coot Advantage HQS L61
        AFP  -  292 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6541 21 i» a; .-a, *5 x a ais MHLTHNMISTRY 127 17.5 m b 1000 Acma SOc 120 Cd *2 1784 123 118 119 120 10 3.3 4 2 9 8 198 5 116 49 25 C 1217 Allianca Tach 36 *1 1206 38.5 36 36
      6,541 words
    • Article
      SESDAQ
      1316 21 5rw L««t W Day Loot OwU M» Otv VM N«t Ca» An Htg8 U« ttM« Ciw>—t U* roooi nm» Law Bayac Sa8ar Or M $3 Prtca MANUFACTURING 142 30 C 2049 AS Auto 10c 118 »l I860 122 117 118 119 IS N 7 13 111 134 7 116
      1,316 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        425 22 ttedn *+mm ComfortGrp 25c 35,422,000 Popular 10c 31,627,000 SM Summit 10c 30,955,000 GES Intl Ltd 20c 28,655,000 PCI 25c 27,128.000 Osprey M USIOOc 25,448,000 Kian Ho 10c 23,676,000 ST Capital 25c 20,580,000 Liang Huat 10c 20,097,000 TSMRW5C 19,952,000 StKfa TIBS H 50c 500 57,239,901 ComfortGrp 25c 34,227,900 GES Intl Ltd
        425 words
      • Article, Illustration
        Second-line transport and electronics stocks soar
        645 22  -  STOCK MARKET COMMENTARY Surge fuelled by talk of mergers, acquisitions, huge business deals; bine chips slide on rate hike fears By Ven Sreenivasan SECOND liners, particularly transport and electronics stocks, went on the boil, virtuaUy ignoring the benchmark index's fall on interest rate fears.
        645 words
      • ON THE GRAPEVINE
        • Article
          Family support
          107 22 AT last week's investment conference organised by CLSA Global Emerging Markets in Hongkong, fund managers were asked to take part in an electronic poll. One question was "Is a resolution of the Clob issue a factor in your decision to invest in the KLSE?" Participants had to press
          107 words
        • Article
          Malaysia Boleh Fund
          68 22 MALAYSIAN prince Tunku Abdullah Tuanku Abdul Rahman had thought of calling his new closed-end fund for the frozen Malaysian Clob shares "Malaysia Boleh Fund" but scrapped the idea as it would have the initials MBF. Tunku Abdullah was the chairman of MBf Capital, run by the Loy
          68 words
        • Article
          Stretching one's mandate
          95 22 A FUND manager recently bemoaned the way others in the industry stretch their mandates to ridiculous lengths. For instance, if you're an Asia Pacific fUnd, how do you justify Ericsson or Telecom Italia in your portfolio? Admittedly, Ericsson may pass muster because it has got brand recognition
          95 words
        • Article
          Hike in NOL board's fees
          116 22 ACCORDING to its annual report, the remuneration of Neptune Orient Line's directors grew from $1.8 million in 1997 to just under $5.2 million last year. This increase was probably due to the inclusion of Timothy James Rhein, head of APL, who joined the board on
          116 words
        • Article
          German soccer and banks
          83 22 DURING a telephone conversation with a BT reporter, a German banker confidently predicted that Bayern Munich, the German football champions, will beat Manchester United, the English champions, in the European Cup Final in Barcelona tomorrow. The match, he said, will be decided in the last 10
          83 words
      • Article, Illustration
        HOT STOCK
        61 22  -  By Wong Wei Kong COMFORT shares shot up 11 cents to $0,995 on a volume of 35.4 million shares, compared with its 10-day traded average of 3.84 million units. The stock is at a new 52-week high, but the technical indicators such as the RSI and Stochastics suggest
        61 words
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      Page 12 Advertisements Column 1
      570 12 Where to wine, dine and entertain ,„"~S(OjtosSr 11PPf1 2 ***** At Cafe Plaza, you can enjoy a superb selection of International gourmet cuisine in May. Dishes featured at our International Buffet include New Zealand Rock Oysters on Ice, Maki Sushi, Sashimi and many more. Lunch/Dinner: #22.50 (Adult) 50% discount (Child)
      570 words
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      Page 12 Advertisements Column 2
      64 12 Create your own set lunch of Continental cuisine with strong French Italian influences. Mondays to Fridays JOD noon to 2.30pm (last order) fKp Price: $28+++ Re vol vine Reservations: *****58/88 —55— Mandarin Singapore 333 Orchard Road, Singapore *****7. Tel: *****11 Advertise in Wine, Dine Entertain of The Business Times. Contact
      64 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      1230 12 CRYPTIC CROSSWORD 1 A man burning to play the mm MB 5 Western nations no longer j count on this (6) II 1 I J 9 Girl taking cover in a distur- BK |H| BH |Hf jHT bance (8) 10 Thundering heavyweight six--12 Dressed stone and wood god j j
      1,230 words
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      42 13 No. 1 best selling club in Japan. x. '>***». ■■■>■ >*»:> ♦••■.»> -rrH r-B,mt fw Be The Some A 9° i r>. NEW FAIRWAY WOODS. THE PERFECT COMPLEMENT TO THE LEGENDARY S-YARD DRIVER. t| r*E> v ."/■wit.o 111 Flex available: I I Rl, R2 and S2
      42 words
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      27 14 Classified First. Looking for a holiday destination? Or simply getting away from it all? Top of your itinerary: Check The Straits Times Classified First. I MMI.MIL o
      27 words
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      18 15 BusinesslT The IT news you need to know 1 i fIT ivj.-j j Iri>r Every Monday in TheBusineSSTIMES
      18 words
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      Page 15 Advertisements Column 2
      89 15 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
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      3 15 •today®**** plianhe laoftao
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      115 16 When the going gets tough, the toughest get chosen. 1999 Enterprise 50 nominations are now open Companies can nominate themselves by completing the official nomination form. Companies must be home-grown, privately-owned and incorporated under Singapore's Companies Act (1994 Revised Edition) with four years of audited statements. Nomination forms are available
      115 words
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      32 19 Classified First. Want to get a laptop? Or simply get computer savvy? Log on to the best site: Check Tfye Straits Times Classified First. I cata| I Buy It. ScfllL Find It.
      32 words
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      240 22 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF McDHARMA PTE LTD (In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act,
      240 words
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      Page 22 Advertisements Column 2
      99 22 Is your portfolio lagging the hot bull market? You need DBS investor Online! Get the Best. Call 438-1188 today. 88 DBS BANK and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and
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      Page 22 Advertisements Column 3
      38 22 i BBSS m a■ M S -Z y/t f UmJJ 1 in Personal Finance ir *Unit Trusts f EXECUTIVE Stocks tlf •Epicure V J •Motoring Travel Every Friday... in THE BUSINESS TIMES. A must-read for your long weekend.
      38 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      312 23 Bridge News, Reuters US Gulf Panamax rates were steadier, but brokers pointed to a significant tonnage build-up for South America cargoes. New business was evident in the east where rates were seen as steadier to slightly firmer. Atlantic capes lze rates continue to slide. An upbeat end to
      Bridge News,; Reuters  -  312 words
    • Article
      MARITIME STOCKS
      276 23 n w CWT Distribution L74 0X7 60*2 Clwan Hup t.19 0.15 42M Cmco mvastmant LOS 0X7 437 FrtfqM Links. OJ2 uneft ***** 06 Holdings OAS 0.03 241 MM Sun Hup 0.79 003 3356 MClliMng-HK 160 uneft 0 Jaya HaMbigs 0.M 004 2326 Jurang SNpyard —BJtS undi 205 Ka*p«
      276 words
    • Article, Illustration
      Lock icon PSA has $300m yearly for overseas investments
      602 23  -  Opportunities will dictate the pace at which PSA invests: YeoNing Hong By] Felix Chan [SINGAPORE] PSA Corp has set aside a cash hoard of $300 million annually to invest in overseas ports as it seeks to boost its burgeoning overseas portfolio. "Opportunities will
      FILE PHOTO  -  602 words
    • Article, Illustration
      S'pore merchant fleet the largest in Asia, 7th biggest in world
      432 23  -  By Felix Chan [SINGAPORE] Singapore's merchant fleet rose 8 per cent last year to 20.4 million gross tons (gt) as it edged up one notch to be seventh largest in the world. According to Lloyd's Register's 1998 World Fleet
      432 words
    • Article
      Shipping industry urged to cooperate to prevent wild swings in freight rates
      354 23  -  Asia-US trade imbalance must not occur again, Mi tsoi official tells conference By) Marcus Hand [SINGAPORE] Effective steps need to be taken to prevent the erratic fluctuation of liner freight rates, a senior official at Mitsui OSK Lines
      354 words
    • Article, Illustration
      Lock icon Shipowners alarmed over rise in piracy in S'pore Straits
      393 23  -  By Marcus Hand [SINGAPORE] Local shipowners are increasingly concerned over the threat of piracy following a spate of attacks in the Singapore Straits in the first quarter of the year. The Singapore Shipping Association (SSA) executive secretary Daniel Tan said: "If
      Source: IMO  -  393 words
    • Article
      Lock icon Hyundai wins major order
      141 23 Bloomberg [SEOUL] Hyundai Heavy Industries Co, the world's largest shipbuilder, said it won a $410 million (***** million) order from National Iranian Tanker Co to build five very large crude oil carriers. This is" the biggest single order for a Korean shipbuilder, Hyundai Heavy said in
      Bloomberg  -  141 words
    • Article, Illustration
      VLCCs rarely attacked
      816 24  -  PIRACY AT SEA Owners of very large crude carriers not too worried as it is difficult for pirates to board their vessels By Marcus Hand PIRACY was not a major issue among VLCC owners despite singling out by IMB of the boarding of VLCC Chaumont in the
      816 words
    • Article
      SHIPPING SCHEDULES INDEX
      202 24 PAGE ECU Line 6 ACl 6 ECl 4 AMI 3 Evergreen 6 Accord 8 FoongSun e AppensMp S G Lin* 4 Austral 8 Gemartrans 6 4 Hangli 7 B&A 7 Hanjin 3 B'tang Mas 8 Hcunq-A 4 CCNI 7 Hyundai 7 CMA 8 ICFS 3 COSCO 5
      202 words
    • Article
      SHIPPING GUIDE
      20824 31 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number sst 5 m 02/06 28/06 Norsul IRIS 004S 65-*****33 To ABIDJAN (ABJ) 2003 Cote O'lvoire 03/06 wot cosco ever gentry oooiw 65-226i9oo
      20,824 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        538 35 VtSMl Voy Ho Bfth Arrival Papartun IMM IhWH Seven Ocmt 5/99 K23 alongside 2105/1730 Pasir Parang Wfcarves W07 PW2 alongside 24.05/2300 A*» B*u ****** PWU alongside 24.05/1200 Eiprtss 91A PW2 alongside 25.05/2300 Batamindo 2 2073S PW8 alongside 24.05/2000 Batamindo 3 3748Se PW8 alongside 24.05/2000 Budi 9 I13A99 PWU
        538 words
      • Article
        CONTAINER SCHEDULES
        1752 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Booklng/B«l«nct Rstls SWp Voy Mo Etb/Btr Ptrlod Frew To From 4c« UlK 0971 2VW00 U 24/1500 24/1459 24/800 24/1900 24/145* 24/1*00 *HH»l2 447* 26/500 U 24/1500 24/1*54 24/1*00 24/1500 24/145* 24/1*00 2A 24/1700 25/0659 25/0*00 2* 24/1700 25/045* 25/0*00 1
        1,752 words
      • Article
        GLOBAL HOLIDAYS
        170 35 May 29 Indonesia. Waisak Day. lUy 31 Greece: Orthodox Pentecost Holiday. Brunei: Anniversary of Royal Brunei Malay Regiment. Jan 3 Austria: Corpus Christi. Job 5 Denmark: Constitution Day. Jan 14 Australia: Queen's Birthday. Jon 18 Hong Kong: Tuen Ng Day. Jan 20 Finland: Midsummer Eve Holiday. Jon 20
        170 words
      • Article
        COCKETT BUNKER MARKET REPORT
        787 35 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
        787 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        470 35 »0 M« 990.3 0.9 117 0.06 75 0.06 T*0 P—tttT Wt«r »wMn Art Al—W—i SilBiit No ibove E25 0 0 6 0 0 0 360 Aw 967.5 0.4 05 0.06 35 0.02 KV1 tx»« 992.5 10 19.4 0.09 90 0.04 »A M/M MAI WW m**4 Wo
        470 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon More flights to HK may be cut if airport charges remain high
        533 36 Hongkong has lost 82 weekly flights over past 10 months: airline gronp Reuters [HONGKONG] Airlines may be forced to cut flights to Hongkong's new airport if it keeps up its high and uncompetitive charges, representatives of an airlines'
        Reuters; FILE PHOTO  -  533 words
      • Article
        Lock icon 2nd runway to start daily operation tomorrow
        273 36 Reuters [HONGKONG] Hongkong's Airport Authority said the local airport's second runway would start operating daily tomorrow. The second runway would be opened for scheduled passenger flights from 10am to 4pm local time, the daily peak hours, and some periods at night for maintenance
        Reuters  -  273 words
      • Article, Illustration
        Lock icon SAir Group buys US caterer
        65 36 [ZURICH] The SAir Group is to acquire the Dobbs group of Memphis, Tennessee, the third largest airliner caterer and the largest train caterer in the United States. The acquisition of Dobbs Catering and its integration into Gate Gourmet, the SAirGroups Catering Service, will create the
        AFP  -  65 words
      • Article
        Lock icon Jakarta to end Japan carmakers' dominance
        422 36 New scheme expected later this month will open np Indonesia's car market Reuters [JAKARTA] A regulation expected later this month opening up Indonesia's heavily protected car market may be the beginning of the end of Japan's dominance of the small but promising market of
        Reuters  -  422 words
      • Article
        Lock icon Indon airlines may again postpone fare increases
        369 36 AFP [JAKARTA] Indonesia's airlines are considering a further delay in a planned 40 per cent air fare increase as a stronger rupiah eases their financial woes, a report said yesterday. The stronger rupiah allowed a cut in the airlines' soaring dollar-denominated overheads, Sularto
        AFP  -  369 words
      • Article
        Lock icon BA to resume flights to Libya
        215 36 It will fly non-stop to Tripoli from Jane 3 Reuters [LONDON] British Airways said it would start flying to Tripoli in Libya from June 3, becoming one of the first major carriers to re-introduce services there since the United Nations lifted sanctions. The new
        Reuters  -  215 words
      • LOG Book
        • Article
          Lock icon Virgin launches London-Shanghai route
          105 36 AFP [SHANGHAI] Britain's Virgin Airlines has opened a new direct route from London to Shanghai, China's largest industrial centre, official media said. The air route between Shanghai and London was inaugurated with the landing of a British A 340-300 air bus at Shanghai Hongqiao Airport, the
          AFP  -  105 words
        • Article
          Lock icon Air France steps up China flights
          73 36 AFP [BEIJING] Air France is to start a sixth weekly Paris-Beijing flight as part of a campaign to become the top airline between Europe and China, officials said. The French carrier will inaugurate its extra flight on June L That will take its total
          AFP  -  73 words
        • Article
          Lock icon Ford plans plant in St Petersburg
          85 36 AFP [MOSCOW] A first-ever joint project between Ford Motors and the Russian government will manufacture new models to be supplied to western Europe, Itar-Tass reported. A plant to be based in the Leningrad region near St Petersburg—and exempted from local profit taxes—will produce up
          AFP  -  85 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1720 36 CITY FU6HT ET< FUCHT CTP 0T6 1815 W4579 2359 UtWiK 8A7381 1930 IA7382 2055 S***** 2359 0f81 1930 Of82 2055 Mawta SOW TO S0990 0105 fen*** HC $0003 1905 C2354 0910 L 223 CZ351 2045 $0*04 1020 —TT? 2230 lUnof VW741 1310 **740 MX) Amttrdwn KIS43
        1,720 words
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      27 23 Piracy at sea: VLCCs rarely attacked Owners of very large crude carriers not too worried as it is difficult for pirates to board their vessels. Page 2
      27 words
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      Page 23 Advertisements Column 2
      447 23 High HK airport fees may cause flight cots Hongkong has lost 82 weekly flights over past 10 months: airline group. Back Page VLOCa rarely attacked, Page 2 ISFCO warfshop 31 Seminar The Singapore Federation of Michael Novitsky, who Chambers of Commence helped dents such as and Industry (SFCCDwW be Carrier,
      447 words
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      629 24 [SUPER SHUTTLE EXPRESB |frj p IfflUltrt' 161 m "|dm m w|ui m |wel 'J OOQWIttm 24W510 1?/#$ io/os 00Q. AMERICA 34W520 If/OS M/M POO MDUOYD DAMMAM 44E M/M 21/ M 21/ M 73/05 21/05 01/04 OS/M 04/04 ™S£2T 5S 1,1 /M f PtO NEDUOTD DtMAI M 01/0* M/M M/M M/M
      629 words
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      Page 24 Advertisements Column 2
      86 24 SANKYU (S) PTE LTD W 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX; *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 japin nnnTi MfIPQ Kooc 1 AJ. Chhf WajJKPIY THUtI A UN YIWLI VuT tTPSM< HA TTO ETA KOI HA TO* ETA NGO ETAOSA MEDIAICHUNC V.IHO? 30my 07 ~.N
      86 words
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      Page 24 Advertisements Column 3
      606 24 Unes 4 sefvices represented tuUulirull [IffgSß;} by Members at the Registry of Singapore Forwarders vJljjPw Accredited Shipping Agents. Caogy Association vg»»«.y Singapore Shipping Association SEMBAWANG KIMTRANS (S) PTE LTD CONVENTIONAL SERVICES r-s-Jfc. SINGAPORE to BATAM, BINTAN, KARIMUN /«*2 SINGAPORE to BANGKA ISLAND SINGAPORE to aiEGON l^r™! SAMARINDA/BALIKMPUi/BAMiARMASIN TO SINGAPORE^ MANIU/SUBK
      606 words
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      1144 25 I SAX SERVICE (DIRECT) vssa voy sum lax oak not I hou I o« ax mem m. wrc AWgiß QUI tt/OS 10/06 15/06 15/06 15/06 15/06 16/06 16/06 17/06 17/06 AWHIQUOBI 0251 02/06 17/06 22/06 22/06 22/06 23/06 22/06 22/06 23/06 23/06 APISARPOWYX 012t 09/06 24/06 29/06 29/06 29/06 29/06
      1,144 words
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      Page 25 Advertisements Column 2
      2123 25 0 HANJIN SHIPPING IkFl Ik Win l* -Mb *****30 HANJM SHIPPING PTC ITD h* Hwm Imp on lOOUNG *****35 737 SALES *****7* 731 DOCUNEKI *****71 774 OPEIAIIONS *****50-7 SI MAM UK *****55 FAI 777WM CK NO *****9 ****** TO NW USA CANADA USA fftHAIYL* FWVSI/VOT IOMI SM IMHAU./VOT SU~] TTW
      2,123 words
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      Page 25 Advertisements Column 3
      403 25 FULLY CONTAINIIISID DIDICATID lIRVICKS I' 'nif KMTC MT(gBIW6 007S 14/DS 11/05 W7R 10/05 23/05 K/to Z7/PS 21/05 HTUttAISmriB 074S 21/05 21/05 30/05 01/0* 02/0* .1 If I J_*•_ KMTCHOMGHM6 107S 23/85 2S/05 0070 2*/05 30/P5 01/0* 04/0* 05/0* prOVIOeS LVL COVISOIIIIIIIIOII TO bitcpusam W7S a/05 04/0* o*/a* 00/o* oia» MOWMM
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      1455 26 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITEKRANEANCANADA wa wt sw ißi mi mi ma im (u vtatL *or TT" an tn rot wx mtw niSMt SENATOR WHOM 24 06 11M 1105 U N M M H I 11H WZMOOUH WMK4 2715 1155 15 K 17« lIM 27 M HMUHOMJM WQK4 K
      1,455 words
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      Page 26 Advertisements Column 2
      789 26 ■LAI MAC-MELS £MRE M'SIA I |<s K M rrz Carrier: RAN COM IH LINES, MC p. gudang: tan *****26 J CmmnoWTHIIH SBU: (084) *****9 MAMLA (832)*****24 PEHANG: (04) *****36 BANGKOK: (862) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 KUCHMG (082) *****1-3 BOMBAY I
      789 words
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      Page 26 Advertisements Column 3
      469 26 LINE 1 MUARA 1 LABUAN «ssa m iii ii vtssa vot no tu srae MiMA srott im CMMAJN332VIB/W a/OS 31/05 CAJUAAJN3J? VIS/W a/05 01/ M JPMSPB VIB/W 01/ M 04/ M JPNOSPB vm/W 01/ M OS/M CAAAAA M 332 VI3I/W 07/06 10/06 CAIAKA JN332 VtX/W 07/06 11/ M jpiosrat VIX/Wll/M
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      Page 27 Advertisements Column 1
      1537 27 VESSEL VQV KHH HKO SIN PKQ PQfl DXB DMM BA I BMC IRAN TABATABAEI PCL-5103 12/05 14/09 18/05 19/05 28/05 29/05 30/05 01/05 03/05 IRAN LORESTAN PCL-5102 19/05 21/05 25/05 25/05 04/05 05/05 05/05 08/05 10/05 IRAN TEYFOURI PCL-5104 25/05 28/05 01/05 02/05 11/05 12/05 13/05 15/05 17/05 IRAN BAAKERI
      1,537 words
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      Page 27 Advertisements Column 2
      1879 27 Wiilrfy Sailing to Ad*n RmMM, Djibouti (Via total) I SINGAPORE'S GENERAI AGENTS: 6 SNENTON WAY TEL 226 1960 FAX: *****08 OUTWARD (B/L) *****02 JOHORE OfFKESffBLSEF m ITD 'l™ 4 111 SAIES/IKGS *****57/60 INWARD DEFT (D/ 0) *****85 COSTAK AGENCIES (M) SDN BHD qjjOjiIWgWOOOII TOWEI TWO (*****9) CONVENTIONAI *****50/55 T/SHPMT PCPT
      1,879 words
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      Page 27 Advertisements Column 3
      564 27 CHINA SHIPPING (GROUP) COMPANY CHINA SHIPPING CONTAINER LINES CO., LTD. FAR EAST EUROPE FULL CONTAINER EXPRESS SERV ICE^ WESTBOUND (FIXED WEEKLY SERVICES) VSL VOY TJN OM SHA HK6 I S'PORE I RTM HAM FXT TRAD APOLLO 990) 16Moy 18Moy~ 21 Moy 24 May 27 Moy 17 Jun ~lBJun ~20j3?T MARE
      564 words
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      Page 28 Advertisements Column 1
      1254 28 I mmpts europeajk/scahoimavia/rmuuid/russia I E GAINING RW-BC9 27/05 IMB 20/ M wL Z LHV L LHV THP RDM ANW MSG PW. (IGP~I I I GLOWING RW-051 02/06 24/06 3006 26/06 ?UK mk I REACH RE-023 06/05 08/ OS 87M5 09/05 11M5 3005 3105 I E OIVINE RW-006 IMM 03*7 OM7
      1,254 words
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      Page 28 Advertisements Column 2
      1558 28 1/CII IpV NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vtssa VOY sin puj pur I jnr j err |ro I GOLDEK DRAGON ¥0125 31/05 09/0* 13/* 14/0* 17/ M MM QUEB VO3SS 10/0* 11/0* 22/0* 25/0* 27/0* NAMIAI DKAGOW MI4S 20/0* M/ 0* 03/07 Qt/07 "07/07 I NANTAI
      1,558 words
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      Page 29 Advertisements Column 1
      462 29 BSA ik mm MYANMA wBBk FIVE STAR LINE (Myoanar National Line) Loading for Yang on (Rangoon) VESSEL VOY SIN PHI PEN PGU MGO VIO9W SU PINYA 163W SID MALAYSIA AGENTS: OOUSTEAD SHIPPING AGENCIES lUL TEL (03)*****00 PKL TEL (03)*****01 Pet TEL (04)*****02 PGU: TEL (07) *****21/4 BANK LINE (A service
      462 words
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      Page 29 Advertisements Column 2
      1272 29 HMNEHYUN^^AERCHANTJWARINECOj^^D^^^^^^ [vtssa "voT sw I sou m rtm ant ham mem m. [vrssa vorl sou ta rtm am ham tv "a" "ST HY COMMODORE 310W 27/05 14/04 11/06 14/04 17/04 MOSa 524E 07/05 00/05 07/05 04/05 24/05 API run 004W 27/05 12/04 U/04 15/04 ll/04 HMD 5S« 03/05 00/05 05/05
      1,272 words
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      Page 29 Advertisements Column 3
      1116 29 iL norvwegon speciohed oukxamen VMhelmsen lines QsS&S TO NORTH AND LATIN AMERICA "*ORO HEAVYUFT SERVKI* [VESSEL I VOY I RAMP HEIGHT iIN LAX OL MA SAV Mi ORF NYC NEW MM TAMPA Ffll 400 Tom 6.3 M 21/05 25/06 04/07 07/07 09/07 11/07 12/07 14/07 U/07 "*****~ TALAOOT F912 400
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      Page 30 Advertisements Column 1
      1944 30 ■ANQKOK/ MAP TA PHUT/ LAIM CMABANO JAKARTA/PAN JAHO VESSEL VOY SIN BKK MTP LCH~~ VESSEL VOY SIN JKT PJN ANANBHUM 114N In Pt 29/05 28/OS~ ANRO GOWA* 063 In Pt 29/05 NANTA BHUM" 447N 26/05 29/05 30/05 GURU BHUM 130S 26/05 30/05 YANTRA BHUM 292N 27/05 30/05 29/05 GURU BHUM
      1,944 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      53 31 INTRODUCING OUR NEW FAR EAST USA TRANSPACIFIC EUROPE SERVICE Turn To Pg 6 FULL CONTAINER (EVERY MON/WED/FRI) I j EXPRESS SERVICE |f MSC Agencies Pte Ltd Turn To Pg 5 For Service From PASIR GUDANG/ e SINGAPORE to m MIDDLE EAST/VIETNAM China Shipping (S) Agencies Pte Ltd 8 JH CONTAINER
      53 words
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  • Page 33 Advertisements
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      52 33 STEM~feDial74o-6000 Oil Q€fH3n(] —(Retrieve more schedules!) Press-1" ct JCTV Select the port and key in ¥J the four digit code —eg: To New York (NYC) 2275 Sj£) Key in your fax number < ST 9D Enter V° ur Ph° ne number Another innovative service offered by The document Will be
      52 words
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  • Page 35 Miscellaneous
    • Miscellaneous
      Page 35 Miscellaneous Column 1
      102 35 LEGEND: R Thunderstorm Temperature o^, V Shower Weother <*ect.on w,rh speed in knot* Ran 0 Cloudy Sky Wow# height Surfoee .Ms or* indicated by arrow, which tty with the wmd U u<k WMi|v|MSM> .°r" *fz•*? 0 w~™ M w«*« hwfhit M umti 0.5 Mtr* 01 0.5 mm. 02 1.0 mm,.
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