The Business Times, 29 May 1999

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Microfilm: NL21497
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 THE BUSINESS TIMES MITA (P) 046/12/98 85c SINGAPORE ial.com.sg/ SATURDAY, MAY 29,1999
    12 words
  • Article
    Lock icon Melewar assures KLSE on Clob offer
    551 1  -  It says all securities transactions will be done on the ELSE through approved stockbrokers From Eddie Toh in Kuala Lumpur NEGERI Sembilan prince Tunku Abdullah's Bintang Melewar has assured the Kuala Lumpur Stock Exchange (KLSE) that its proposed closed-end fund to buy over frozen
    551 words
  • Article
    Lock icon MARKET SUMMARY
    61 1 QSnJB (-12.09) DS&£3 X (-3.01) SOCSCI nJTUIES 207j00 (-3.50) CTOCIMAHET mmcEB Friday Change KLSECOMP 749.83 llJl NIKKEI 16,***** -204J1 HANG SENG OfiUlft -24*28 SET INDEX 463.60 -10.68 JAKARTA COMP __583.66 -19.4? MANILA COMP _*****8 -10.60 TAIPEI WPI 7J87.37 -8U4 SEOUL COMP ***** +6J8 CLSA CHINA B ***** +38.16
    61 words
  • Article
    Lock icon FINANCE
    81 1 FOSEX BATES ust s$ US» 1.721 £(US$/SS per 1JW 2768 EURO (USS/SJS per E) 1.046 1.803 DM L870 dm YEN 120.6 1.410 RM 1806 0.464 HK| 7.786 0222 BAHT 37.96 0047 RUP1AH 8,070 MU* St lo 100 units FUME SATES SINGAPORE* MS KUALA LUMPUR Hi® JAKARTA 28.06 BANGKOK 1478
    81 words
  • Article, Illustration
    Lock icon SNEF: 60% of firms not out of the woods
    921 1  -  Federation gives strong endorsement toNWC recommendations By Carol Eng [SINGAPORE] Six in 10 Singapore companies are either loss-making or are profitable but face uncertain prospects, the Singapore National Employers Federation (SNEF) said yesterday following the release of the National Wages Council
    Source: NWC  -  921 words
  • Article, Illustration
    Lock icon Star Wars, starring the fans
    95 1 [SINGAPORE] 'Take that, you villain,' Princess Leia snarls as she takes aim at bad guy Darth Maul. No, this isn tin the movie script, but what the fan dressed as the princess might have said at yesterday's charity premiere of' Star Wars Episode I: The
    SIEW YAW HOONG  -  95 words
  • Article
    Lock icon Economists revise upwards growth forecasts for HK
    686 1  -  Economy contracted 3Ji%inQlbntgovt retains 0.5% growth forecast for full year Fromi Quak Hiang Whai in Hongkong PRIVATE economists have been revising upwards their growth forecasts for the Hongkong economy for this year, narrowing the gap between their projections and that of the government's.
    686 words
  • Article, Illustration
    Lock icon US dollar hits the skids, S'pore stocks slip
    716 1  -  Byl Larry Wee, Ven Sreenivasan [SINGAPORE] The US dollar skidded a sharp 1.5 per cent against the yen in Asian trading yesterday and Singapore's Straits Times stock index lost 12 points as the 235-point overnight fall in the Dow Industrial fed unease
    Source: Bridge  -  716 words
  • Article
    Lock icon Dow up 108 at 1pm
    77 1 Reuters [NEW YORK] US blue chips rose at mid-day yesterday, reversing Thursday's sharp loss as Wall Street prepared for the long holiday weekend. At Ipm EDT, the Dow Jones Industrial Average was up 108.47 points at 10,575.40, a day after the benchmark slid 235 points
    Reuters  -  77 words
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      Lock icon Page 1 Advertisements Column 1
      135 1 nnapE UIC beard revamp The two major shareholders in UIC Ltd, Wee Cho Yaw's UOB bank group and Chinese Filipino tycoon John Gokongwei, have revamped the structure of UlC's board of directors in a bid to bolster their presence there, F|ll Sffahy hit Even royalty hasn't been spared the ravages
      135 words
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      Lock icon Page 1 Advertisements Column 2
      22 1 Commentary: Dont nip the recovery, Pg2 Monthly variable component first to be cut in bad times, Pg 2 NWC statement, Pg 2
      22 words
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      Lock icon Page 1 Advertisements Column 3
      16 1 Full text of Bintang Melewar statement, Pg 12 Dow oould lose 10-15% amidst correction, Pg 7
      16 words
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  • NWC GUIDELINES FOR 1999-2000
    • Article, Illustration
      Lock icon Don't nip the recovery
      930 2  -  This is the NWC's main message, writes amma teo ANNA TEO POR many Singaporeans, the most "significant" indicator of a healthier economic outlook better than the pickup in manufacturing output or the jump in non-oil domestic exports will probably be the National Wages Council's call yesterday
      SIEW YAW HOONG  -  930 words
    • Article
      Lock icon Monthly variable component first to be cut in bad times
      366 2  -  Sharp falls in profit, order books before company trims MVA: SNEF chief /ft/< Carol Eng THE monthly variable component (MVC) will be the first payment to be cut in bad times, such as when "very sharp drops" in company profit
      366 words
    • Article
      Lock icon More wage flexibility
      265 2 Introducing a monthly variable component What is the MVC? It is a variable component of monthly wages that is built up over the years from the annual pay increase. It does not form part of the basic wage, but should attract CPF, overtime pay, allowances, etc. The
      265 words
    • Article
      Lock icon Continue wage restraint for full economic recovery
      2133 2 The following is the full text of the NWC statement on wage guidelines for 1999-2000 Guidelines in 1998 When the National Wages Council met in April last year to deliberate on the wage guidelines for 1998-1999, Singapore was beginning to feel the impact
      2,133 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Lock icon Industrial production up 4.8% in April
      296 3  -  Big boost from electronics -11.3% jump, after 12.1 spurt in March By Annette Pan SINGAPORE'S April industrial production was boosted 4.8 per cent, powered largely by continued strong expansion in electronics output, which jumped 11.3 per cent, the Economic Development Board said yesterday. Most
      296 words
    • Article
      Lock icon CPF interest rate to plunge 2 percentage points to 2.5%
      378 3 Concessionary rate for HDB loans to be cut to 2-®% from July DUG to lower interest rates quoted by the local banks from February to April, savers with money in the Central Provident Fund (CPF) will see their interest rate
      378 words
    • Article, Illustration
      Lock icon A great way to sell with bargains galore
      164 3 THE Great Singapore Sale kicked off yesterday in a kaleidoscope of colours at Suntec City. Speaking at the opening ceremony yesterday, Siiigapore Retailers Association president Teh Ban Lian said: "From May 28 to June 27, shoppers can look forward to genuine bargains
      SIEW YAW HOONG  -  164 words
    • Article, Illustration
      Lock icon Hng Kiang's pride in the success of the HDB
      962 3  -  Outgoing National Devt Minister fights shy of nostalgia By Lilian Ang COME Thursday, Lim Hng Kiang will leave the Ministry of National Development (MND) with which he has been closely involved for the last 12 years, and take on a new
      SONIA TAN/THE STRAITS TIMES  -  962 words
    • Article
      Lock icon Presidential poll anytime from May 31 to Aug 31
      165 3 VOTING for a new president for Singapore can take place any time "from May 31,1999 but no later than Aug 31,1999", a government statement said yesterday. The dates for Nomination and Polling Days will be "announced in due course". The statement
      165 words
    • Article
      Lock icon SPH subscribers could win $300,000 cash, prizes
      195 3 CASH and prizes worth over $300,000 await new and current subscribers of Singapore Press Holdings newspapers at the World Book Fair from today until June 6. Those who pick up a Business Times or Lianhe Zaobao subscription for a year can join an
      195 words
    • Article
      Lock icon Clob solution can be found in hints by KL officials
      556 3  -  MAILBAG Alan Chong Singapore NOW that the Bintang Melewar closed-end fund offer has been rejected by the KLSE, it's time for long-suffering Clob investors to have a direct shot at a possible solution to the impasse. There is no need
      556 words
    • Article
      Lock icon Khan's offer doesn't cover all counters
      150 3  -  Steve S K Yeo Singapore I HAVE recently received the offer from Akbar Khan. I feel that it is ridiculous. The smart Mr Khan only offered to buy over certain counters with sure profit and not what he said earlier as a basket deal.
      150 words
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  • ASIA ON THE MEND
    • Article, Illustration
      Lock icon Tokyo likely to unveil new stimulus package by mid-June
      714 4  -  10t-15t yen proposal seen as almost certain after news of weak economic data From. Anthony Rowley in Tokyo NEWS yesterday that Japan's industrial production and household spending fell again in April, coupled with fears that a looming US economic slowdown could
      AFP  -  714 words
    • Article
      Lock icon Indonesia issues bonds worth 150t rupiah
      523 4 Bond issue will help bailout of stricken banking sector Reuters [JAKARTA] Indonesia said it was issuing more than 150 trillion rupiah (5531.8 billion) worth of bonds yesterday in the first tranche of bond issues aimed at salvaging the stricken banking sector. It said the
      Reuters  -  523 words
    • Article
      Lock icon Philippine 1.2% Q1 GDP growth signals end of recession
      199 4 Recovery should be sustained for rest of yean economists Reuters [MANILA] The Philippines said yesterday the economy grew 12 per cent during the year to the first quarter, signalling it was well out of a recession after three successive quarters had
      Reuters  -  199 words
    • Article
      Lock icon Thai recession may drag as factory usage drops
      805 4 Banks shy of lending as overcapacity looms in industry Bloomberg [BANGKOK] Thailand may take longer than expected to recover from recession, as the central bank slashed its outlook for export growth and said the country's factories may use only about half of
      Bloomberg  -  805 words
    • Article, Illustration
      Lock icon No inflation danger in Asian recovery: Neiss
      217 4 Reuters [TOKYO] The International Monetary Fund's Asia-Pacif-ic director Hubert Neiss said yesterday that crisis-hit Asian economies had started to recover, with no danger of inflation at this stage. In an interview with Reuters Television. Mr Neiss said the US Federal Reserve's shift to
      Reuters; FILE PHOTO  -  217 words
    • Article
      Lock icon Indonesia seeking IMF help for Inro cash call-up
      217 4 Reuters [JAKARTA] Indonesia will ask the International Monetary Fund (IMF) to help pay its call-up contribution to the International Natural Rubber Organisation (Inro), a government official said yesterday. "Indonesia will ask for funds from the IMF to pay Inro's call-up contribution," Hatanto
      Reuters  -  217 words
    • Article
      Lock icon Foreign banks offer US$350m loan to KL
      277 4 Bloomberg [KUALA LUMPUR] Foreign banks such as Banque Nationale de Paris based in Malaysia's offshore banking centre in Labuan, off the coast of Borneo, are offering to lend US$35O million (*****.4 million) to the Malaysian government The Association of Offshore Banks in Labuan
      Bloomberg  -  277 words
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      19 4 EfcODAY©fc^*#l Ua«*« fanbao «ws» mm&x jamsa. «3E±WS» ITF vwM s I Bnsavoui\sidpo(!rfuppffli{ rv «>•<*■. i Strait Talk TheßisinessTimes Shipping times
      19 words
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  • REGION
    • NOTE Book
      • Article
        Lock icon Mahathir headed for Japan today
        89 5 Reuters [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad leaves for Japan today for a week-long visit in his first major overseas trip since recuperating from a lung infection. Bernama said Mr Mahathir would meet Japan Vice Finance Minister for International Affairs Eisuke Sakakibara in Tokyo
        Reuters  -  89 words
      • Article
        Lock icon Bank of China considers listing
        76 5 Reuters [HONGKONG] The Bank of China said yesterday that it was studying the possibility of a listing. "We are Just studying it now," Liu J inbao, chief executive of the Bank of China in Hongkong Mid Macau, told reporters. But he did not say whether
        Reuters  -  76 words
      • Article
        Lock icon Cathay cuts 3 flights after pilots strike
        98 5 AFP [HONGKONG] Cathay Pacific cancelled three flights yesterday as pilots took sick leave en masse to carry out a threat to disrupt services over a pay dispute. Cathay cancelled one Hongkong-Tokyo flight and a roundtrip Journey between Hongkong and Bangkok, and 300 passengers
        AFP  -  98 words
      • Article, Illustration
        Lock icon Supachai may pull out of WTO race
        96 5 Bernama [BANGKOK] Thai Deputy Prime Minister and Commerce Minister Supachai Panitchpakdi may withdraw from the ongoing race for the top post of the World Trade Organisation if the selection process is to be restarted from the beginning, Prime Minister Chuan Leekpai said yesterday.
        Bernama  -  96 words
      • Article
        Lock icon Guangdong creditors seek more security
        94 5 AFX-Asia [HONGKONG] Creditor banks of Guangdong Enterprises (Holdings)—or GDE —are seeking to increase the level of security on their debt in GDE's restructuring, said an official from the creditors' stewing committee. The banker said all 88 creditor banks have until June 15 to give "initial
        AFX-Asia  -  94 words
    • Article
      Lock icon US high-tech firms fear impact of anti-China mood
      437 5 BEIJING Restricting CDMA exports could cost Motorola, Lucent billions of dollars Reuters US high-tech firms are worried about losing business in China following an inflammatory Congressional report that calls for tighter export controls to combat alleged spying by Beijing, executives said yesterday.
      Reuters  -  437 words
    • Article
      Lock icon Suharto's son questioned about wealth
      255 5 JAKARTA Reuters THE son of Indonesia's former president Suharto was questioned by the attorneygeneral's office yesterday over a report by Time magazine that his father had stashed a massive fortune overseas. Bambang Trihatmodjo was grilled for four hours, one day after Mr Suharto gave power
      Reuters  -  255 words
    • Article
      Lock icon Foreign investors bolster Taipei stock rally
      577 5  -  Locals Jumped on bandwagon when foreign money tapered off From Macabe Keliher in Taipei IN March and April, a rush of foreign Investment into Taiwan encouraged the island's sagging stock market After coming off an August 1998 high of over 10,000, Taiwan's stock market
      577 words
    • Article
      Lock icon CNPC plans US$10b share sale in 2 years
      273 5 BEIJING Bloomberg CHINA National Petroleum Corp, the country's largest oil producer, plans to raise as much as US$lO billion (5517.3 billion) by selling shares in about tyo years in the US, UK, Hongkong and China to fund expansion, an executive said yesterday.
      Bloomberg  -  273 words
    • Article
      Lock icon HK funds pumping up China stock markets
      437 5 SHANGHAI AFP [SHANGHAI] A sudden influx of capital from the Hongkong bourse is behind strong rises this week on China's stock markets, market sources said yesterday. The fresh funds that have boosted domestically traded A shares in particular are "definitely" coming from Hongkong,
      AFP  -  437 words
    • Article, Illustration
      Lock icon Habibie shows surprising savvy
      845 5  -  BLBCTIOM WATCH Rflfljofll anil pwaHMy pnpnlftr ptmh far dlrflrt pfftuMwiMitl polls «tnitt opposition By Yang Razali Kassim ONE of the most radical ideas to have surfaced since the fall of President Suharto gained currency this week when his successor, BJ Habibie, co-opted a proposal for Indonesia's
      AFP  -  845 words
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  • REGION/WORLD
    • Article, Illustration
      Lock icon India, Pakistan shares lose more ground
      548 6 BOMBAY Fears of escalation of Kashmir conflict lead to falls in Bombay, Karachi Reuters INDIAN and Pakistan shares plunged further yesterday as investors took fright over military action in the northern Kashmir region. India said it conducted strafing operations for the third day against
      Reuters; Source: Bloomberg  -  548 words
    • Article
      Lock icon Rash of Aussie data due not likely to impact markets
      428 6 SYDNEY Currency may take a bit after trade deficit data Reuters AN avalanche of economic releases in coming days will probably have little lasting impact on Australian financial markets preoccupied with offshore events. The quarterly onslaught will see eight key
      Reuters  -  428 words
    • Article, Illustration
      Lock icon No canyon too grand for Hockney
      114 6 [LONDON] Artist David Hockney posing in front of one of his Grand Canyon paintings at a press conference at the Royal Academy in London on Wednesday to announce a new initiative in this year's Summer Exhibition at the academy. The Grand Canyon paintings, two
      AFP  -  114 words
    • Article, Illustration
      Lock icon Howards gets backing for GST, tax overhaul
      573 6 CANBERRA Smaller income tax cuts to makeup for exempting fresh food AFP, Bloomberg AUSTRALIA'S government won approval to overhaul its tax system alter it agreed to remove fresh food from a 10 per cent tax on goods and services and boost spending on
      AFP,; Bloomberg  -  573 words
    • Article
      Lock icon US buyout firm to target Korean manufacturers
      363 6 SEOUL 'Significant amount' of Carlyle's USslb fond to go to Korea Bloomberg CARLYLE Group, a US buyout firm, said it plans to spend a "significant amount" of its US$l billion (SSI.7 billion) Asia fUnd to invest in Korean manufacturing companies. The company will
      Bloomberg  -  363 words
    • Article
      Lock icon S Korea April current account surplus hits US$2b
      110 6 SEOUL AFP SOUTH Korea posted a US$2.O2 billion (553.5 billion) current account surplus in April, down from a U552.65 billion surplus a month earlier, the central Bank of Korea said yesterday. The April surplus brought the cumulative current account surplus in the
      AFP  -  110 words
    • ASIA Notes
      • Article
        Lock icon No time, so Telstra sale vote delayed
        72 6 Bloomberg [CANBERRA] The Australian government's bid for approval to sell 16.6 per cent of the telecommunications company Telstra Corp is on hold after the Senate ran out of time for debate yesterday. Any vote will be delayed until the lawmakers return from a
        Bloomberg  -  72 words
      • Article
        Lock icon India secures US$105m WB loan
        70 6 Reuters [WASHINGTON] The World Bank said on Thursday that it had approved a US$lO6 million (5H81.7 million) loan for India to help improve urban infrastructure particularly among the poorest residents of the southern state of Tamil Nadu. The loan is Intended to help improve urban
        Reuters  -  70 words
      • Article
        Lock icon Japan's auto exports to Asia up
        79 6 AFP [TOKYO] Japanese auto exports to the world in April suffered the third straight year-on-year decline but shipments to Asia recovered for the first time in 19 months, an industry group said yesterday. Overall exports of cars, trucks and buses dropped 1U per cent
        AFP  -  79 words
    • Article
      Lock icon US incomes rise faster in April
      602 7 WASHINGTON Strong spending looks sot to continue longest peace-time economic growth Bloomberg US consumers' incomes grew at a faster pace in April than a month earlier, suggesting the spending that has powered the nation's longest peacetime expansion will continue in the months ahead. Americans'
      Bloomberg  -  602 words
    • Article
      Lock icon Soros against devaluing Argentine peso
      332 7 WASHINGTON Reuters, AFP ARGENTINA'S peso is overvalued but a devaluation is not an option because of the currency's one-to-one peg to the US dollar, billionaire financier George Soros said on Thursday. I "Yes, the currency is overI valued, but given the currency board system that
      Reuters,; AFP  -  332 words
    • Article
      Lock icon Don't bet on a Fed rate hike soon, say analysts
      442 7 WASHINGTON Data so far does not give Greenspan political justification to raise rates Reuters WITH a month to go until the US Federal Reserve's next policy meeting, financial markets are wondering how seriously to take the threat of higher interest
      Reuters  -  442 words
    • Article, Illustration
      Lock icon It's not all about the euro vs US$: Deutsche Bank chief
      419 7  -  What matters is economic imbalance in trade, growth From! Siow Li Sen in Frankfurt THE value of the euro vis-a-vis the US dollar is not the most important thing and markets should not be fixated on this, said Rolf
      FILE PHOTO  -  419 words
    • Article
      Lock icon Russia first deputy PM quits over cabinet dispute
      189 7 MOSCOW Bloomberg RUSSIAN First Deputy Prime Minister Mikhail Zadornov resigned yesterday following a dispute over members in the new cabinet. Mr Zadornov said he had wanted dual posts in the new government, as both finance minister and deputy prime minister, but President
      Bloomberg  -  189 words
    • Article
      Lock icon Dow could lose 10-15% amidst correction
      508 7 LOS ANGELES Fears of rate hike as growth speeds on hurting blue chips, bonds, dollar LAT-WP THE Dow Jones Industrial Average is in the midst of an overdue correction that could bring the index down 10 to 15 per cent from its May 13
      LAT-WP  -  508 words
    • Article
      Lock icon EU mulls tighter rules for corporate rescues
      224 7 BRUSSELS, Reuters IN a move to tighten the tap on government subsidies to businesses, the European Commission is considering new guidelines that would ban companies that have been rescued once from getting any further state help. The "one time last time" principle would
      Reuters  -  224 words
  • Page 6 Advertisements
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      511 6 bag the best buys of the century grand lucky draw WIN 3 MITSUBISHI CARS PLUS UP TO $60,000 WITH VISA* RUIIS ft REGULATIONS I. A minimum purchase of $30 in one receipt from any CSS grand draw participant entities you to one chance at the lucky draw 1. Only original
      511 words
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  • FOCUS
    • Article, Illustration
      Lock icon Trying to save the royal silver
      1512 8  -  Even royalty hasn't been spared the ravages of the regional crisis. The Thai king's investment arm is working hard on damage control By) Harish Mehta [BANGKOK] THE vast corporate holdings of Thailand's powerful Crown Property Bureau (CPB), the investment arm of the Thai king,
      FILE PHOTO  -  1,512 words
  • Page 8 Advertisements
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  • SPORTS
    • Article, Illustration
      Lock icon Who will prevail today?
      675 9 It promises to be a battle royal as England's pacemen try to tame India's batsmen, led by top hitters Sachin Tendulkar and Saurav Ganguly AFP ENGLAND'S strike bowlers face a daunting World Cup task in Edgbaston today as they bid to tame India's sparkling toporder batsmen.
      AFP  -  675 words
    • Article
      Lock icon Aussies face bowling crisis ahead
      344 9 P&cemen struggling to cope with English conditions Reuters [MANCHESTER, England] Australia face a bowling crisis going into their make or break match against West Indies at Old Trafford tomorrow. While West Indies may still be waiting for their big batting guns to fire, Australia's famed
      Reuters  -  344 words
    • Article, Illustration
      Lock icon Sampras falls, running on empty
      576 9  -  FRENCHOPEN By Robin Finn NYT [PARIS] For the 10th straight year, Pete Sampras concluded his annual business trip to the French Open, the only Grand Slam where his greatness has yet to leave its imprint, in Sisyphean fashion. He fell from contention early, and he
      NYT  -  576 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
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      452 words
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      Lock icon Page 9 Advertisements Column 2
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      46 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Video arcade fun at home
      875 10  -  The latest in graphics cards the 3dfx Voodoo 3-3000 and the Creative 3D Blaster Savage 4 take enjoyment to a new plane By Andrew Wee FOR years, Saturdays found me hanging out at the video games arcade feeding roll after roll of 20-cent (and later
      SIEW YAW HOONG  -  875 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      1830 10 CRYPTIC CROSSWORD 1 Seafood dish locals start promoting (7) 5 Grumble about watch (7) j 10 Left work and went to bed (7) MB Ha l|H 11 Description of beam in doorBroadcast advertisement in 17 Front-man for the monarch (9) 19 Wax and wane (5) I I I I j
      1,830 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon UOB, Gokongwei announce changes to UIC board
      536 11  -  Each brings in allies as directors in apparent bid to boost presence on board By] David Boey [SINGAPORE] The two major shareholders in United Industrial Corporation Wee Cho Yaw's United Overseas Bank (UOB) group and Chinese Filipino tycoon John Gokongwei have revamped the
      536 words
    • Article
      Lock icon Yenville banker sells Econ block above AEL's price
      169 11 [SINGAPORE] US-based Asian Energy Ltd Inc's (AEL) plans to buy over Econ International have hit a snag one of the vendor's bankers has sold a chunk of its shares. The engineering and construction firm said yesterday that Industrial and Commercial Bank of
      169 words
    • Article
      Lock icon Genting should up the ante an foreign casino business
      644 11  -  HOCK LOCK SIEW Eddie Toh THE Genting group, the operator of the sole casino in Malaysia, is hedging its bets. It does not want to rely too heavily on its gaming division. It recently announced that it would spend more than
      644 words
    • Article
      Lock icon SIA seeking amicable settlement with BIL
      545 11  -  Due diligence on proposed purchase of Ansett stake is in final stages: SIA By< Conrad Raj [SINGAPORE] Singapore Airlines is continuing its pursuit of an amicable settlement with New Zealand's Brierley Investments over the Singapore carrier's proposed purchase of a 50 per cent stake
      545 words
    • Article, Illustration
      Lock icon FJ Benjamin surges on Man U apparel franchise talk
      232 11 [SINGAPORE] Branded goods retailer FJ Benjamin yesterday saw its share price surge 12 per cent to 52.5 cents. on talk that it had secured the! franchise for Manchester! United apparel. Manchester United, Eng-; land's top football club,; achieved a unique treble
      REUTERS; Source: Bloomberg  -  232 words
    • Article
      Lock icon Stephen Lee to head Vickers, Freddy Lee steps down
      165 11 [SINGAPORE] Listed broking house Vickers Ballas Holdings yesterday announced the appointment of Stephen Lee as chairman, replacing Freddy Lee who has stepped down as chairman and director of the group. Mr Stephen Lee, who was an independent director of Vickers Ballas
      165 words
    • Article
      Lock icon SingTel may surprise with an upside result: analysts
      515 11  -  Pick-up in outgoing international call volumes expected to lift profit By Teh Hooi Ling [SINGAPORE] Singapore Telecom's full-year results to be announced next Friday may not be as bad as feared following a better-than-expec-ted pick-up in outgoing international call volumes, analysts said.
      515 words
    • COMPANIES
      • Article
        Lock icon No plan to list APL or sell stock to raise funds, says NOL
        255 12 Bloomberg [SINGAPORE] Singapore's Neptune Orient Lines Ltd, Asia's largest shipping company, says it has no plans to re-list the American shipping line it bought in November 1997, or to sell shares to raise funds. It also denied
        Bloomberg  -  255 words
      • Article
        Lock icon M'sian SC publicly reprimands IOI, CSA
        451 12  -  Failure on directors' part to make mandatory offers for company shares From Diana Oon Abdullah in Kuala Lumpur THE Malaysian Securities Commission (SC) yesterday publicly reprimanded directors of 101 Corporation and Singapore-listed CSA Holdings for breaches in the Malaysian Code on Takeovers and Mergers.
        451 words
      • Article
        Lock icon MISC not buying stake in MAS
        486 12 More red ink seen at MAS with forex loss, lower aircraft sales Reuters [KUALA LUMPUR] Malaysian International Shipping Corp (MISC) is not in talks to buy a stake in Malaysian Airline System Bhd (MAS), an official of Petronas, the stateowned oil firm which controls
        Reuters  -  486 words
      • Article, Illustration
        Lock icon Keppel Hitachi expects $30m profit this year
        554 12 Cost-cutting, through better labour management, seen saving $25m Bloomberg [SINGAPORE] Keppel Hitachi Zosen Ltd, one of the largest shiprepair yards in the world, says it will swing into the black in 1999, and is looking to ring in a profit of about $30
        Bloomberg; FILE PHOTO  -  554 words
      • Article
        Lock icon Auric Pacific's sales picking up as economy recovers
        463 12 Bloomberg [SINGAPORE] Auric Pacific Group Ltd, Singapore's largest food distributor, said its loss making wholesale business is turning around on rekindled demand for imported products such as Kraft cheese and Mars chocolate bars. "What caught us quite by surprise was that from
        Bloomberg  -  463 words
      • Article
        Lock icon Bintang proposal only an outline
        512 12 We reproduce below the statement issued yesterday by Bintang Melewar Sdn Bhd regarding its proposal to set up a closed-end fund to buy over Clob shares: IN response to numerous media queries, we wish to clarify some issues related to our proposal. Last Friday, when
        512 words
      • Article
        Lock icon The difference between closed and open-ended funds
        359 12  -  Some US closed-end funds trade at premium to NAVs By Wong Wei Kong [SINGAPORE] Closed-end funds, usually overshadowed by the more popular openended funds or unit trusts, are under the spotlight for once now that they are being put forward as possible solutions
        359 words
      • Article
        Lock icon Danamodal buys MBf Finance shares for RM1.6b
        227 12 AFX-Asia [KUALA LUMPUR] MBf Capital said Danamodal Nasional has proposed to subscribe to 724 million new MBf Finance shares at 50 sen each for a total of 362 million Malaysian ringgit (Ssl64 million). Danamodal will also subscribe to 2.5 billion 8 per cent
        AFX-Asia  -  227 words
      • COMPANY Briefs
        • Article
          Lock icon Panpac's Net ventures not cocked yet
          68 12 [SINGAPORE] Panpac Media Ltd, a publications and multimedia group, has clarified its plans to expand into the Internet sector. It said it wanted to "reiterate that all discussions with potential joint-venture partners are still at a preliminary stage and no agreement on the terms
          68 words
        • Article
          Lock icon Pac Can gets 6-month moratorium
          47 12 [SINGAPORE} Debt-laden Pacific Can Investment Holdings said yesterday it has been granted a six-month moratorium to develop and implement a restructuring plan. Pac Can's six-month reprieve dates from its last interest payment. It will announce details of the plan in due course.
          47 words
        • Article
          Lock icon FCC ups HPL stake
          58 12 [SINGAPORE] First Capital Corporation has bought an additional 4.42 per cent stake in Hotel Properties Ltd by loading on 20 million HPL shares at $1.29 per share. The sale, made through FCC unit First Capital Assets Pte Ltd, cost 125.8 million. After this purchase, FCC now
          58 words
    • INTERNATIONAL COMPANIES
      • GLOBAL Briefs
        • Article
          Lock icon JAL profit falls on fare cuts
          76 13 Bloomberg [TOKYO] Japan Airlines Co, Asia's largest air carrier, yesterday posted a 20 per cent decline in operating profit because it cut fares more than it reduced costs. JAL said parent operating profit fell 20 per cent to 24.8 billion yen (*****.5 million) for
          Bloomberg  -  76 words
        • Article
          Lock icon Poor sales at US unit put NEC In the red
          72 13 Bloomberg (TOKYO] NEC Corp, Japan's largest maker of personal computers and microchips, yesterday posted a record group loss because of poor sales at US subsidiary Packard Bell NEC Inc and higher-than-expected restructuring costs. NEC recorded a group net loss of
          Bloomberg  -  72 words
        • Article
          Lock icon Sega turns in record loss
          76 13 Bloomberg [TOKYO] Sega Enterprises Ltd, one of the world's biggest video game makers, yesterday reported a record loss as it wrote off inventory, arcade revenues slumped and its Drearacast home game console made a lacklustre debut in Japan. The company posted a group net loss
          Bloomberg  -  76 words
        • Article
          Lock icon Telekom soars on listing announcement
          96 13 Bloomberg [BONN] Deutsche Telekom AG surged yesterday after Europe's largest phone company said it will become the most heavily weighted stock on Germany's DAX index when government-owned shares are listed to comply with regulatory requirements, forcing investors to buy the stock for index-linked portfolios. Telekom's
          Bloomberg  -  96 words
      • Article
        Lock icon Shareholders approve Exxon-Mobil merger
        184 13 Bloomberg [DALLAS] Exxon Corp's plan to create the largest publiclytraded oil company with an US$BB billion (Ssls2 billion) buyout of Mobil Corp has been overwhelmingly approved by shareholders of both companies. Exxon said 99.2 per cent of shares voted by its shareholders were cast in favour
        Bloomberg  -  184 words
      • Article, Illustration
        Lock icon Nasdaq approves plan for evening trading session
        566 13 5.30pm-9pm session might start as soon as Sept; NYSE too may extend hours NYT [NEW YORK] After years of resisting longer trading hours and after several attempts to extend them failed for lack of interest the major US stock markets are now hurrying
        NYT; REUTERS  -  566 words
      • Article
        Lock icon US media ponder response to longer trading hours
        373 13 NYT [NEW YORK] Thursday s decision by the the board that governs the Nasdaq stock market to add an evening trading session puts new pressure on newspapers, wire services and television networks already competing to get the latest market information to their
        NYT  -  373 words
      • Article
        Lock icon Elf Aquitaine bids US$4.45b for Saga
        312 13 It's offering 115 Skr a share, assuming USs2.3b of Saga debt Bloomberg Reuters [OSLO] Elf Aquitaine SA, Europe's fourth-largest oil company, yesterday offered to buy Norway's Saga Petroleum ASA for U554.45 billion (557.7 billion), topping a rival bid from Norsk Hydro ASA. The cash
        Bloomberg; Reuters  -  312 words
      • Article
        Lock icon BT SHARE INFORMATION SERVICE
        4144 13 Nataara VI NatStaol Mar 26 P 34.933 54.815 8JO 16.4 Date TY LV TV 1Y NatwortFoods M«r 31 P 13*061 15.1331 23L 34L I I an (Ma (*M> (cte> (eta) Nn Toyo Mar24 P 1948 7.821 0.91 188 r NortCrtts Mar 31 I 1*991 ***** 2.1L
        4,144 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon CIBC closes Taiwan office, consolidates Asian units
        263 14 Bloomberg [HONGKONG] Canadian Imperial Bank of Commerce (CIBC), Canada's largest bank by assets, will close its Taiwan office and "consolidate" its capital markets and origination operations in Tokyo and Hongkong. The bank, which is 50 per cent owned by Li Ka-shing's Cheung Kong,
        Bloomberg  -  263 words
      • Article
        Lock icon S Korea's Hana Bank in US$100m FRN issue
        520 14  -  Note due 2002 over 3 times subscribed; syndicate includes three S'pore banks By' Wong Wei Kong [SINGAPORE] Fresh on the heels of Malaysia's successful sovereign issue, a syndicate of 22 financial institutions, including three Singapore banks, yesterday closed a deal for Hana
        520 words
      • Article
        Lock icon Two Morgan Stanley execs suspended
        450 14 Hove follows sting operation against dismissed analyst NYT [NEW YORK] Morgan Stanley Dean Witter, the US' largest securities firm, suspended two executives on Thursday in connection with a US$lO,OOO (5517,300) payment that led to the arrest of a former employee. The firm said in a
        NYT  -  450 words
      • Article, Illustration
        Lock icon In mint condition
        89 14 [HONGKONG] Two Royal Canadian Mint sales representatives in Hongkong yesterday displaying the front view of the Macau bimetallic coin commemorating the upcoming handover of the Portuguese enclave to Chinese rule. The silver coin with gold inset features on the front the seal of the Leal Senado, the
        AFP  -  89 words
      • Article, Illustration
        Lock icon Euro stays bearish against US$
        413 14 Euro/USS: The euro made another attempt to reclaim lost territories early this week with a rise to a high of 1.0644, only to plunge to a new low of 1.0409 on Thursday. The unit was seen trading around 1.0430 yesterday morning. Breaching of the support
        Source: DBS Bank  -  413 words
      • Article
        Lock icon Citigroup, BankBoston up Latin American exposure
        387 14 Bank America, Chase Manhattan, J P Morgan cut theirs Bloomberg [NEW YORK] Citigroup Inc and Bankßoston Corp increased loans to Latin America in the first quarter of this year, reversing months of reductions as economies in the region begin to rebound. The two US
        Bloomberg  -  387 words
      • Article
        Lock icon Dresdner Q1 pre-tax surges 39% to 465m euros
        268 14 Bloomberg [FRANKFURT] Dresdner Bank AG, Germany's thirdbiggest bank, said first-quar-ter pre-tax profit rose 39.2 per cent, fuelled by rising trading and investment banking income and a fall in funds set aside to cover possible bad loans. The Frankfurt-based bank's profit before taxes
        Bloomberg  -  268 words
      • Article, Illustration
        Lock icon Untitled
        1174 15 DITBRRAME CROSS RATES May 28 hi CS —0 taw Fir B« HC Mb Ywlw III «MHi S$ taad Sir HT$ Hmt OSS AastraKa 0.965 4.171 0.624 4103 1223 1074 28.143 52.798 0.789 7.759 2.484 1218 33.929 ***** 1128 4105 0.995 ***** ***** 0.409 0454 Canada 1.036 5.424 0448 4251 L267
        1,174 words
      • Article
        Lock icon Untitled
        1448 15 glOOM FUTURES May 28 MNKl(Mnt<l«taaaat5J0pa) tSS 1 CONTtACT(S eMfeAt) CIm Op* Ml I— Sttt (taw» Irtamt 5*99 W6?fl 50 JM99 ***** 104.75 ***** 200 700 *99 mn in Sw 99 112.50 275 Oct/Dtc 99 117.50 117.50 117.00 150 BOO Jan/Har 00 ***** BS3C0in«*CT<USc«tjfe) MMfe ft In htt (IWO Jm99 6U5
        1,448 words
      • Article
        Lock icon Futures lower, erasing previous day's gains
        157 15  -  SOKEXReports my* fi fflngipnMi index Larry Tee, Jardine Fleming THE Singapore MSCI Index yesterday reversed gear from the previous day's gains to settle lower after Wall Street's plunge of 2.2 per cent overnight. The May futures contract was down 3.5 points to settle at
        157 words
      • Article
        Lock icon Futures fall on fears of US rate hike
        186 15  -  MSCI Taiwan fttnres Juliana Loo Na Na Refco Singapore THE Simex MSCI Taiwan Stock Index futures yesterday plummeted 4.3 points in the May contract and 3.5 points in the June contract. There were concerns that a hike in US interest rates to
        186 words
      • Article
        Lock icon Oil prices slide as another big European refiner cuts ops
        340 15 ENERGY REPORT Reuters [LONDON] World oil prices slipped yesterday as poor profit margins prompted another major European refiner to reduce operations. North Sea Brent blend crude oil for July delivery fell 20 cents to U5515.16 a barrel by 1430 GMT
        Reuters  -  340 words
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        Lock icon CURRENCY REPORT
        321 15 Reuters London BUNDESBANK president Hans Tietmeyer gave the euro a boost in European trade yesterday, but Europe's single currency failed to hang on to those gains, paving the way for more losses next week, analysts said. The euro rose half a cent to highs for the day above
        Reuters  -  321 words
    • Article, Illustration
      Lock icon HONGKONG
      1426 16 AFP CI Hang Seng -249.28 HONGKONG share prices dropped 2 per cent yesterday following the overnight decline on Wall Street on fears of US interest rate hikes, dealers said. "The falls on Wall Street and fears of US interest rate hikes are the two main concerns that put the
      AFP  -  1,426 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2282 16 LONDON Mistrials Pound 31 Group 7.04 0.03 Abbey National 12.90 0.09 A B Foods 4.75 0.18 A B Ports 2.76 -0.04 Alliance i Leicester 9.23 0.08 Allied Domecq 5.99 0.16 Allied Zurich 7.96 0.30 Anglo American Cold 43.70 unch ASDA Croup 1.77 -0.02 Bank of Scotland 8.69
      2,282 words
    • Article, Illustration
      Lock icon CHINA
      582 16 Reuters H Shenzhen B Index +5 SHENZHEN'S hard currency B shares soared to close 8.25 per cent higher yesterday on talk that stamp duty on B share trading would be cut, a rumour confirmed by state media minutes after the market closed. The B share index rose five points
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  582 words
    • Article
      Lock icon TAIPEI
      348 16 AFP QWP Index -8L64 TAIWAN share prices closed 1.1 per cent lower yesterday, falling below the support level of 7,400 points due to a bearish US stock market and the absence of new incentives, dealers said. "Strong selling emerged after Wall Street took a nosedive overnight amid fears of
      AFP  -  348 words
    • Article
      Lock icon TOKYO
      1610 16 AFP CI Nikkei 225 -204J1 SHARE prices in Tokyo tumbled 1.3 per cent to a two-month low yesterday, pressured by a plunge on Wall Street and the dollar's fall against the yen, brokers said. The key 225-issue Nikkei average lost 204.51 points to 15,972.68, closing below the psychological resistance
      AFP  -  1,610 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Lock icon Untitled
        8589 17 INDUSTRIALS w Lwt ""TL Oay Net Cap HH» Lew Cxmpiny Sle 'OOP Hlgb Lew p/z $mM 380 255 Ajinomoto 326 -6 3 328 326 20.7 132.1 115 46 Angkasa 87 -6 111 93 86 128.3 293 220 Apollo Food Hlg 268 -2 2 270 268 9.3 107.2 204 115 Beriaya
        8,589 words
      • Article, Illustration
        Lock icon Forced selling drags shares down
        445 17 AFP P Composite Index -IL3I MALAYSIAN share prices closed 1.5 per cent lower yesterday due to continued forced selling and settlement activities, aggravated by Wall Street's overnight fall. Dealers said buying was limited, with most investors sidelined in the absence of a clear trading direction.
        AFP  -  445 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Lock icon Untitled
        2164 18 BONDS, LOANS i WARRANTS m 52-Wk Last Vo4 Day Last Ouata Avg High Law Stna Company Sat* ♦ar- COOO) High Lav Buyer S«M«r Price 255 3 s 3160 *Acer ******1 US$ 25 5 660 25.5 23.5 25 25.5 57.5 4.5 s 3164 Acma ******4 46.5 538 46.5 43 45.5 46.5
        2,164 words
      • Article
        Lock icon JC-MPH wrt: don't underestimate risks
        193 18  -  WARRANT WATCH -By Ven Sreenivasan AFTER sliding steadily south for the better part of the last two months, the Jack Chia-MPH warrant has been riding high in active trading this week. The warrant closed yesterday at 31.5 cents, up two cents, on a volume of
        193 words
      • Article
        Lock icon CLOB INTERNATIONAL
        200 18 HONMOM STOCKS 6r Or S2-M Last V«t Day Last On** W» 0* W M MC# HMI L— Stn« C»mpn»y Uf C000> HHP L—r Bwyr S—»f Cw M $«K 345 173 5123 CDL(2000>HK 325 300 8 17 2.5 Tl 6292.5 5124 Ctttwy Pac 20c HK 720 265 2.1 7.4
        200 words
      • Article
        Lock icon WELLINGTON
        278 18 AFP n Wellington -1251 THE New Zealand share market closed down yesterday but showed only a limited reaction to the year's biggest fall on Wall Street. The NZSE-40 Capital Index closed at 2,114.21, down 0.59 per cent or 12.51 points. Turnover was NZ5191.4 million. —AFP ami* W rtm Advanta**
        AFP  -  278 words
      • Article, Illustration
        Lock icon BANGKOK
        849 18 AFP QSETMg -IMB THAI stocks fell 2.3 per cent yesterday as investors bailed out of the finance sector while positive comments from the Bank of Thailand came too late to bolster sentiment. Financials bore the brunt of the damage on speculation that local brokerage Securities One would write down
        AFP  -  849 words
      • Article
        Lock icon SEOUL
        391 18 AFP Q Composite Imki +&S8 SOUTH Korean share prices closed up in volatile trade yesterday after late bargainhunting offset early losses, dealers said. The Composite Index closed up 5.58 points, or 0.77 per cent, at 732.24. The index came under pressure on foreign and programme selling prompted by Wall
        AFP  -  391 words
      • Article
        Lock icon SYDNEY
        610 18 AFP QiHOrfeurin -111 AUSTRALIAN share prices closed down 0.5 per cent yesterday, led by falls in banking stocks and key blue chips. The All Ordinaries Index was 16.1 points lower at 2,888.60. The All Industrials Index closed down 20.8 points at 5,114.40 and the All Resources Index finished 15.2
        AFP  -  610 words
      • Article, Illustration
        Lock icon JAKARTA
        639 18 AFP pfWnpnritefniei -19.47 INDONESIAN share prices closed down 3.2 per cent yesterday on Wall Street's overnight fall, concerns over election campaigning and uncertainty at planned government bond issues to finance bank recapitalisation, dealers said. "The market was down quite sharply today on a combination of external and internal factors,"
        AFP  -  639 words
      • Article
        Lock icon MANILA
        280 18 AFP Q Manila 404 PHILIPPINE share prices closed down 0.4 per cent yesterday in reaction to the downturn on Wall Street. The Philippine Stock Exchange Composite Index fell 10.6 points to close at 2,392.28 points. Volume rose to 2.32 billion shares worth 2.48 billion pesos from 1.23 billion shares
        AFP  -  280 words
    • Article
      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      7148 19 Transaction date: May 28 —"'"u. amt~, as ,;a,. ai? IM MIIB W T7 -5 m b 1000 Acma 50c 134 cd -1 890 134 130 133 134 10 3.3 3 7 11 2217 134 49 25 c 1217 AIN.nc.TKh 40.5 *0.5 962 41 39.5
      7,148 words
    • Article
      Lock icon SESDAQ
      1441 19 —"-u. c—■> ts rootti J£"ZZ. t it j S giT MANUFACTURING 142 30 C 2049 AS Auto Kk 123 -1 1020 126 121 122 123 IS N 7 12 11.6 140 4 123 95 45 C 2051 ASJHMqs20c 93 5 Id *7 1064 95 84.5 91.5 93 5 3
      1,441 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Lock icon Untitled
        396 20 Stocks Votunw GES Intl Ltd 20c 43,048,000 WM Poll 20c 30,063,000 UICWt99 26,670,000 Lian Beng 5c 20,170,000 ComfortGrp 25c 19,754,000 UK 18,842,000 Eltech Wt99 17.699,000 Inno-Pac 20c 16,680,000 Frt Links 20c 16,290,000 Asia FoodiProp 14,873,000 Stocks GES Intl Ltd 20c 61,882,649 DBS Foreign 48,573,538 City Dev 50c 30,277,540 U08 Foreign
        396 words
      • Article, Illustration
        Lock icon Second liners still in play despite fall on Wall Street
        599 20  -  STOCK MARKET COMMENTARY Bat many blue chips top the list of losers, dragging the STI into negative territory with 12-pt loss By Ven Sreenivasan SINGAPORE blue chips feU in early trading yesterday following a sharp overnight decline by stocks on
        599 words
      • ON THE GRAPEVINE
        • Article
          Lock icon Stockmarket talk in the lift
          51 20 THIS has to be a clear sign that the stock market has taken leave of its senses—a woman remisier was heard commenting loudly in the lift of a Raffles Place office building that "if you don't make money in this market, you must be damn
          51 words
        • Article
          Lock icon No phone talk at SingTel?
          176 20 ALAN Lee, a Sing Tel Mobile subscriber, wrote to us in utter frustration. He had visited Com Centre to request a change in the number of his company-registered handphone and was told a copy of the company's registration certificate was needed. So he returned to
          176 words
        • Article
          Lock icon Thai company gets US$130m loan
          114 20 LOAN-SIGNING ceremonies are slowly but surely making their way back in Singapore. A US$l3O million (5J224.1 million) one-year term loan for Bangchak Petroleum Public Company, guaranteed by the Thai government was signed here yesterday. The loan carries an interest margin of 0.72 per cent per
          114 words
        • Article
          Lock icon Man U beats Bayern in finance too
          121 20 ENGLAND'S Manchester United proved It was better than Bayern Munich when it beat the German soccer team to win the European Cup on Thursday morning. But even before kick-off, Man U, a listed company, had already stamped its superiority over Bayern in one
          121 words
      • Article, Illustration
        Lock icon HOT STOCK
        66 20  -  By Wong Wei Kong WEE Poh shares jumped 16.5 cents to $0.60 yesterday with 30 million shares traded, compared with its 10-day traded average of 6.6 million units. The technical indicators, such as the RSI, Stochastics and MACD charts, suggest that the upside from current levels is likely
        66 words
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      36 12 HONE SWEET HOHE T S£fsf «!KU MO I 1 1 SSiS%2Z& J 1 5 I Open the pagee of The Straits Classified to find your dream home. CATS. I Buy h. Sdi K. Find h. II
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      109 14 In adversity there is opportunity -for the enterprising 1998 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 at
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      32 17 Classified First. Want to get a laptop? Or simply get computer savvy? Log on to the best site: Check The Straits Times Classified First. w S Buy h. Sal It. Find It
      32 words
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      1055 20 Want to talk investments with your peers? Join our forum at "http://iol.dbs. com.sg/iol/bbs". 831 )US BANK NOTICES 1800-741 1883 Fax No: 741 1298 'I——l Buy It Sdl It. Find It Call Today For Results Tomorrow P.nrtu»li. «il Pt» I Irf (In Members' Voluntary Winding I p) Liquidator's Office 132 Beach
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