The Business Times, 17 August 1999
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1999-08-17
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The Business Times
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Title Section18 1999-08-17 1 THE BUSINESS TIMES MITA (P) 046/12/98 /^N^^Rtpt^^u^M^s-times.asial.com.sg/ SING. A P 0 R E TUESDAY, AUGUST 17, 1999 85c18 words
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Article64 1999-08-17 1 R1 1H&» (+28.91) wmn-m U?4MI (+12.28) ilsmsivnuß U 27BJD (+3.30) n MARKET MOOD; Ef ttsri mots mor nam MmvUy Change KLSE COUP 7M41 -t47 NIKKEI 173M.H +M0J6 «*N0 SENG 118M.78 +19&60 SET INDEX .418.11 -M7 JAKAJTTA OOMP -JW.48 >177 MANILA COMP +AJ1 TAIPEI WP1 8,818.47 +J9&42 SEOCLOOMP M71864 words
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Article74 1999-08-17 1 FOISXIATBS U8t St UBS L672 iflJSfSSperS) LN8 t«W EUROfUSS/SS per E) 1.069 L771 DM IMt UN TEN 114 J L4M* BM— tm 0.44# H*» 7.W4 Uli BAHT 17» 0.044 WHAH 7,075 0.022* 'Stmuomlti fume Kins SINGAPORE* KUALA LUMPUR 7J8 JAKARTA *00 BANGKOK 1000 MANILA Z 11.00 HONG BONO 8.2674 words
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1276 1999-08-17 1 Conrad Raj - Govt wants to grow a few local players who can compete in foreign markets By\ Conrad Raj [SINGAPORE] The government plans to allow new entrants to the now-closed insurance market as part of its efforts to make Singapore Asia's premier insurance hub1,276 words
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Article, Illustration510 1999-08-17 1 Ven Sreenivasan - Investors cashing out ahead of Sept 1 weaken KL stocks By' Ven Sreenivasan [SINGAPORE] Most regional equity markets rebounded yesterday as interest rate hike fears abated somewhat following news that US producer prices rose at a lower-than-expected rate last month. In Singapore,Source: Reuters - 510 words
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451 1999-08-17 1 Eugene Low - Rise in material costs, transportation levies cited By Eugene Low [SINGAPORE] Prices of corrugated boxes used mainly by the electronics and electrical goods industries will rise by 20 per cent next month because of higher material costs. The price hike which could be451 words
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Page 1 Advertisements
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Advertisement128 1999-08-17 1 maps TW Pnyeity Cofamm Keppel Corp should invite developers to bid for a slice erf Keppel Harbour, the biggest condo project in Singapore, says Lee Han Shih, Pg4 ■r N jfIJH S'pora'B Ist woman pennaneiit secretary Fun report, Pg 2 Kafa Bra interim op Specialist construction Koh Brothers has posted128 words
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Advertisement87 1999-08-17 1 Know the knowledge economy Whethdr you love hate or it's gear up for knowledge new weekly S«ePgl2 SINGAPORE: Chopard Boutique, 02-36, Wisma 65/737 64 Fax 65/235 82 00. Dicluon shops: The Centrepoint, Suntec shops: Lucky Plaza, Millenia Raffles Paragon shop: Ngee more information: Chopard Asia Temasek Boulevard, 38-02 A Suntec87 words
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Advertisement39 1999-08-17 1 Life insurers take govt's liberalisation plans in stride, Pg 3 fTporeinsurers need to widen distribution channels, Pg 3 Editorial: Talent for a globalised economy, Pg 3 Is Sing Tel paving way for foreign strategic partner? Full report, P* 1339 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration506 1999-08-17 2 Marissa Chew - She will be joining MCD; head of civil service Lee Ek Tieng to retire; Lim Siong Gnan to take over By\ Marissa Chew FOR the first time, the government has appointed a woman to the post of permanent secretary, the most seniorALAN LIM/ST - 506 words
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310 1999-08-17 2 GLOBAL bank rating agency Thomson Financial BankWatch yesterday upgraded its sovereign risk rating for Singapore to AA from AA-, citing the country's strong policies made throughout the regional financial crisis and its resilient domestic economy. News of the upgrade gave a boost to310 words
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236 1999-08-17 2 DEPUTY Prime Minister Tony Tan yesterday praised presidential candidate S R Nathan for building up the Institute of Defence and Strategic Studies (IDSS) into a recognised and well-respected institution in academic circles as well as in foreign government and military establishments. "Much236 words
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Article, Illustration320 1999-08-17 2 Anna Too - EYE ON THE ECONOMY Outlook By. Anna Too BANK lending and construction must pick up before Singapore's recovery can be considered broadbased, says Nomura International (HK), which recently raised its 1999 growth forecast for the Republic to 6.2 per cent. In an analysis of Singapore'sSource: Nomura Int'l (HK) - 320 words
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Article, Illustration535 1999-08-17 2 Rahita Elias - Co-brand credit card to be relaunched tomorrow By Rahita Elias CATHAY Pacific and Citibank tomorrow will relaunch their co-brand Visa credit card, which has been enhanced with three new features linked to the airline's frequent flyer programme. Cardmembers will chalk upARTHUR LEE - 535 words
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NEWS Roundup
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Article105 1999-08-17 2 tjunu Ylk Mln, president of Singapore Press Holdings, will take over from Sim Kee Boon as chairman of the Civil Aviation Authority of Singapore, said the Ministry of Communications and Infbrmation Technology yesterday. Mr Tfcrng, currently a board member of CAAS, will succeed Mr Sim105 words
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76 1999-08-17 2 aiain international, a suDsiaiary ot tne Singapore Productivity and Standards Board (PSB), has formed a joint venture with GMX Associates to produce solar control window film. The Joint venture, Huper Optik International will market the film to the automotive and architectural industries. The76 words
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Article45 1999-08-17 2 CHARTERED Semiconductor Manufacturing and the Institute of Microelectronics (IME) have struck preliminary agreements for two projects. The first involves the manufacture of o.lBum deep-submicron integrated circuits using copper technology while the second is for the development of radio frequency integrated circuits.45 words
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60 1999-08-17 2 HIE Singapore Confederation of Industries (SCI) has launched the Local Enterprise Development Centre, which will provide a comprehensive pwfcf of assistance services for members to strengthen their management and operations systems. Members will have access to a panel of consultants and experts, who60 words
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Page 2 Advertisements
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Advertisement402 1999-08-17 2 KPMGSeminarSeries Goods Services Tax Workshops Orchard Hotel Singapore, 9.00 am to 5.30pm What The GST Services Team of KPMG will be conducting a scries of GST workshops in July, August and September. Why Attending the workshops will give you the requisite confidence in preparing, reviewing and approving GST returns in402 words
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Advertisement29 1999-08-17 2 Classified First. Want a home with a sea view? Or simply seeking a new nest? Make the right move: Check The Straits Times Classified First. I ■tk Ml FWk29 words
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PACIFIC INSURANCE CONFERENCE
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Article, Illustration487 1999-08-17 3 Soh Tiang Keng - Players view move as inevitable if S'pore is to become industry's premier hob in Asia By I Soh Tiang Keng THE life insurance industry yesterday reacted with calm to the government's plans to liberalise the sector and expose it to increased foreignCHRIS LOH - 487 words
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Article939 1999-08-17 3 EDITORIAL THERE was a time, not long ago, when there were multinational corporations and international banks on the one side and local corporations and domestic banks on the other. Capital flows were not global in nature then, so that even the business of investing was939 words
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318 1999-08-17 3 Dulcie Chan - MAXLBAG Dulcie Chan Corporate Communications Manager Telecommunication Authority of Singapore I REFER to your article "It's a no from the authorities for Keyless Go" (BT, Aug 12). We would like to clarify that TAS (Telecommunication Authority of Singapore) has not received any application318 words
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175 1999-08-17 3 Shi Guo Ji Singapore via Internet - Shi Guo Ji Singapore via Internet MY thanks to Lim Boon Wee, Director (Investments), Ministry of Finance, for his reply "Tibs will pay a fair price for SMRT in merger" (BT, Aug 13). Mr Lim has pointed out that there175 words
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211 1999-08-17 3 Louis Tan Singapore via Internet - Louis Tan Singapore via Internet ONCE again, Singapore is being accused of causing the ringgit and the Malaysian stock market to Call last year. When the foreign press recently queried Malaysian Prime Minister Mahathir Mohamad on the weak performance of the Kuala Lumpur Stock211 words
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569 1999-08-17 3 Conrad Raj - If they fail to do so, they risk losing oat to new entrants, warns B6 Lee By\ Conrad Raj AMONG the three main challenges facing the life insurance industry in Singapore is the development of distribution channels beyond the agency force, said Deputy569 words
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Page 3 Advertisements
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Advertisement28 1999-08-17 3 I I run a travel agency. vl The Straits Times Classified is the passport to my success. CAT A A Buy h. S«l h. Find H. P 1800-737-116628 words
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FOCUS: PROPERTY
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Article, Illustration644 1999-08-17 4 Lee Han Shih - THE PROPERTY COLUBDf It will do Its shareholders a service to Invite bids for 30% of Keppel Harbour By Lee Han Shih IF the directors of Keppel Corporation (KepCorp) want to get the best deal for shareholders, they should throw open the doors and644 words
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Article, Illustration485 1999-08-17 4 Al Labita - Global City has received offers from Keppel Group, Saltan of Bmnei and Manila tycoons From Al Labita in Manila THE Philippine property market is showing signs of bouncing back from two years of dismal growth, an industry leader said recently. Fort Bonifacio Development CorpFILE PHOTO - 485 words
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Page 4 Advertisements
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Advertisement223 1999-08-17 4 CHANGISOUTH Fully renovated office Move-in condition Free carpark Near future MRT 5 minutes to ECP/PIE For more details, kindly contact *****94/*****96 Land Area 161,4595q. ft Buift-Up 111,9555q. ft Tenure 30+30yrs wef 9/89 Excellent corporate image Fully air-conditioned Ample car park Asking price $12 million neg. Sole Marketing Agent PRIME INDUSTRIAL223 words
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Advertisement241 1999-08-17 4 Prime Residential Development Site if |g/ VM* JJJJJJJ, Kim Yam Y«\ For Sale By Tender No. 10 to 17 Tong Watt Rood E" •Site area 3,076.2 sqm (33,112 sqfl) n Plot ratio 3.8 A -tt 999 years leasehold XX/^/Ov Zoning residential within conservation SS. JHI s, TENDER CLOSING DATE 18241 words
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Advertisement230 1999-08-17 4 COLLECTIVE SALE BY TENDER PRIME RESIDENTTIAi SITE AT DUCHESS ROAD Site Area Approx. 46,771 sq. ft. Tenure 999 years Ratio/He '9 ht Cof^ro •14Up to 4 storeys OUtET VERY CONVENIENT. 5 minutes wa,k t0 Bukrt T,mah Road Coronation Plaza, /fSW /f /v? Nan y an 9 P rir T»ry School,230 words
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Advertisement70 1999-08-17 4 66 TANNERY LANE, SINDO BUILDING MORTGAGEE SALE BY TENDER T«ndf Unto Strata Floor Aree (m») A #01-02/03/04 2,638 B #02-03/04/05/06 765 C #03-01/10 814 D #04-10 450 E #06-01/02/03 557 Tenure 60 years leasehold wef 16 June 1980 Remarks Subject to tenancies Tender Closing Date 15 September 1999. 3.00 p.m.70 words
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Page 5 Advertisements
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Advertisement159 1999-08-17 5 Magix 256K 512K Network 512K Notebook "The new Sing Tel Magix 512K Network giues all mg staff the fastest Internet access. Now downloading isn't downtime." Lee Fok Siting, CEO I I .'<Jl I jmh^SSh If* JHsr(>* I y» |j, ;J Jw-4 k I -d£mMr J1 i „<, -»ps > Ife159 words
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ASIA ON THE MEND
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430 1999-08-17 6 Eddie Toh - Controls have proved successful and they will stay: minister From Eddie Toh in Kuala Lumpur THE Malaysian stock market took a breather yesterday following official denial of market talk that the government will scrap a key exit levy or430 words
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226 1999-08-17 6 Eddie Toh - From Eddie Toh in Kuala Lumpur MALAYSIA'S asset management company Pengurusan Danaharta Nasional has received mixed results for its first tender of foreign loan assets worth U*****.45 million (*****.9 million). The agency in charge of wiping out non-performing loans accepted offers of U5552.49 million226 words
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Article, Illustration487 1999-08-17 6 Macabe Keliher - MSCI reweighting, Bush statement on China help sentiment From. Macabe Keliher in Taipei TAIWAN stocks and currency continued to power ahead yesterday in the after glow of Taiwan being reweighted by Morgan Stanley Capital International (MSCI) in its indices. The benchmark TSE Weighted PriceAFP - 487 words
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Article, Illustration420 1999-08-17 6 Larry Wee - By] Larry Wee [SINGAPORE] The Indonesian rupiah recovered a huge chunk of last week's steep losses in Asian trading yesterday, but market participants were hard put to pin down the exact reasons for its impressive recovery. After falling by as muchSource: Reuters - 420 words
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422 1999-08-17 6 Reuters [TOKYO] In the biggest increase in 29 months, Japan's industrial output rose a revised 3.2 per cent in June, up from an initial estimate of 3 per cent as manufacturers replenish stockpiles run down by the recession. That's is anotherReuters - 422 words
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421 1999-08-17 6 They are the first of M'si&'s 68 insurers heeding merger call Bloomberg [KUALA LUMPUR] Jemeh Insurance Bhd will buy Paramount Assurance Bhd's general insurance unit for 10.43 million Malaysian ringgit (554.6 million) in stocks and a token RMI ringgit in cash,Bloomberg - 421 words
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Page 6 Advertisements
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Advertisement252 1999-08-17 6 1k T i r—l iHllril» ■nViff H li 1 yi#l I IM.WM »1< education ■HHK gand skajjy,,. S upgrading will b« BL. L/".» I Bpecial Feature ensure our |R HK3I August '99 Make waves in a knowledge-based economy Singapore's position as a major maritime hub has never been more important.252 words
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SOUTH-EAST ASIA
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481 1999-08-17 7 JAKARTA Golkar could dump president over Bank Bali scandal, says party rebel Reuters INDONESIAN President BJ Habibie said yesterday he was leading the country out of economic ruin, but a ruling party rebel said it might not be enough to saveReuters - 481 words
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Article, Illustration429 1999-08-17 7 JAKARTA Speech doesn't mention specific moves to deal with hanlqn| m>n^| AFP LEADERS of Indonesia's three main political parties expressed dismay yesterday over a state of the nation speech by President B J Habibie, saying it showed he lacked the will toAFP - 429 words
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410 1999-08-17 7 Fischer discusses issue with Habibie, who promises speedy conclnsion to probe [SINGAPORE] The International Monetary Fund has stepped up pressure on the Indonesian government for a speedy resolution of the PT Bank Bali scandal with its acting managing director Stanley Fischer410 words
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NOTE Book
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Article93 1999-08-17 7 Bernama [KHABAROVSK, Russia] While Malaysian Prime Minister Mahathir Mohamad has so far avoided saying when he will call for a general election, he dropped some hints here yesterday by saying that the situation now is "much better" than it was a few months ago toBernama - 93 words
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48 1999-08-17 7 AFP [JAKARTA] PT Semen Cibinong has appointed an independent auditor to review its 1998 financial report, a Jakarta Stock Exchange official said yesterday. The company is already under due diligence by the Indonesian Bank Restructuring Agency because of reports of missing funds. AFPAFP - 48 words
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68 1999-08-17 7 AFP [JAKARTA] A private Indonesian airline has suspended flights to Ambon because of renewed clashes, reports said yesterday. Mandala Airlines is one of only two carriers that go to the eastern city. The Jakarta Post quoted a Mandala official at Ambon airport as sayingAFP - 68 words
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244 1999-08-17 7 BII says Widjajas fail govt's 'fit proper' test Reuters [JAKARTA] PT Bank Internasional Indonesia (BII) said yesterday that Eka Tjipta Widjaja and Indra Widjaja, former commissioners and directors of the company, had failed the government's "fit and proper" test. "Eka Tjipta Widjaja and Indra Widjaja were among Bll's management whoReuters - 244 words
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Article330 1999-08-17 7 JAKARTA But he's under close observation as doctors fear relapse Reuters, AFP DOCTORS treating Indonesia's former president Suharto said yesterday his intestinal bleeding appeared to be stopping and he should be able to leave the hospital within a week. "He will be able to leaveReuters,; AFP - 330 words
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Article, Illustration243 1999-08-17 7 BAKE RESTRUCTURE WOES Move follows audit report of alleged irregularities AFP [BANGKOK] Authorities have launched an investigation into alleged irregularities at state-owned Krung Thai Bank (KTB) following a report by an international auditor, Thai Finance Minister Tarrin Nimmanahaeminda said yesterday. The bank leapt into theAFP - 243 words
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Page 7 Advertisements
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Advertisement181 1999-08-17 7 GOLF WITH PLEASURE [1 Meetings should always be fun and pleasurable. At Hainan Mandarin, we've just the package for you! tUSDI6O* Net! Per Person June 1 November 30,1999 3Days/2Nights' Superior Room accommodation Half day use of Meeting Room with one Coffee One round of golf atTai Dah Golf Club including181 words
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REGION
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Article, Illustration774 1999-08-17 8 KOREAN CORPORATE RESTRUCTURE Group also signs deal with domestic creditors to sell all bat six of its 25 units Bloomberg [SEOUL] Daewoo Group's domestic creditors said they will take over its profitable brokerage by next month, the first step toward shrinking South Korea's secondBloomberg; AFP - 774 words
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315 1999-08-17 8 SEOUL Company promises to guarantee 2-8t won repayments AFP CREDITORS of South Korea's Samsung Group yesterday suspended plans to slap tough financial sanctions on the conglomerate aimed at making it pay more of its failed auto unit's debt, creditors said. The move cameAFP - 315 words
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410 1999-08-17 8 SEOUL Lower interest costs, gains from asset sales and revaluations cited AFP SOUTH Korean firms, helped by low interest costs and asset sales, posted record net profits this year but their sales revenue dwindled with bigger debts, officials said yesterday.AFP - 410 words
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Article662 1999-08-17 8 David Murphy - LBTTERFSOM BEunro Hard-working and entrepreneurial, they are the engine of the new Bering society Byi David Murphy AT Beijing's Bison Boxing Bar two steely young fighters are going hammer and tongs at each other. Li Gang, a sturdy 21 year old, delivers a hefty kick to662 words
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234 1999-08-17 8 SYDNEY AFP [SYDNEY] Tobacco giants face a claim for billions of dollars in damages after a court cleared the way for a class action by more than 40,000 Australian smokers, a law firm said yesterday. A trial is expected asAFP - 234 words
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Article, Illustration61 1999-08-17 8 [SYDNEY] A swimmer in a wet-suit preparing to dive into the sea from a rockpool as a wave broke in front of him at Sydney's Narrabeen Beach yesterday. Big wintry seas are pounding Sydney's coastline, causing severe beach erosion arid closing several city beaches, with very fewREUTERS - 61 words
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344 1999-08-17 8 SHANGHAI AFX-Asia AS much as 45 per cent of senior Chinese government economists believe the country's 1999 gross domestic product growth will be below 7 per cent, according to a poll cited in the Asian-Pacific Economic Times. The survey, carried out amongAFX-Asia - 344 words
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314 1999-08-17 8 SYDNEY Fireworks, dinner set to burn hole in some pockets AFP THE Sydney Harbour New Year fireworks show billed as the world's biggest New Millennium party also looks set to be among the dearest for revellers, an official price list confirmed yesterday.AFP - 314 words
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THE WORLD
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493 1999-08-17 9 LONDON They will also be forced to sell and that may cause instability ii« market FT CENTRAL banks of the world's leading economies have warned the Bank of England that the UK's decision to sell official gold reserves may put themFT - 493 words
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343 1999-08-17 9 ■LONDON Reuters BRITISH Inflation may well have tumbled into the record books in July with some economists betting on a fall In the headline rate to a 35-year low. Official data due at 0830 GMT today is forecast to show inflation fallingReuters - 343 words
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189 1999-08-17 9 LONDON Reuters INTERNET companies in Britain are logging off and relying on traditional media in the rush to build the appeal of online brands. Radio advertisements, TV commercials and even the Qdes of buses and cabs are being tagged with Web addressesReuters - 189 words
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Article, Illustration506 1999-08-17 9 MOSCOW Shares viewed as an exotic option to be converted into real equity some day FT THE Russian stock market has become flavour of the year with emerging market investors again in spite of the country's shattering financial crash whichFT; FILE PHOTO - 506 words
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Page 9 Advertisements
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Advertisement18 1999-08-17 9 •Tung Centre •Parkway Parade •A-Z Building For details, please contact owner: Tel: 437 6853 437 6872 534 313218 words
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Advertisement125 1999-08-17 9 SMB itH# ON REFUSE COLLECTION. RECEIVE FREE BULKY WASTE REMOVAL SERVICES OR FREE HIGH QUALITY LITTERBINS* <■>& If you re tired of missed rubbish collections t -A- Air-con duct cleaning to minimise and still have to pay a high haylage price, ■Ifefe ~sh HO poor indoor air quality we ave125 words
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EDITORIAL & OPINION
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Article, Illustration1004 1999-08-17 10 David Lamb - Forests have been cut down so fast that runoff has increased greatly, leading to destructive floods By. David Lamb LAT-WP WHEN monsoons and typhoons strike Asia, as they do every year in the steamy heat of summer, people ride out theLAT-WP; FILE PHOTO - 1,004 words
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Article, Illustration832 1999-08-17 10 Robert Samuelson - THE BOTTOM UME OPINION By i Robert Samuelson Washington Post Writers Group THE latest threat to America's economic boom is a weaker US dollar. A weaker what? By* and large, Americans don't pay attention to exchange rates. Why should they? At any moment,Washington Post Writers Group - 832 words
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Article113 1999-08-17 10 Today, California ceased to exist as an Aryan-dominated state. White Aryan Resistance releases all associates from any constraints... in confronting the problem in any way you see fit.' Tom Metzger the leader of White Aryan Resistance, or WAR, a white supremacist group based in California, days before113 words
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Article, Illustration684 1999-08-17 10 Ek Madra - By\ Ek Madra Reuters inPhnomPenh GARMENT factories are mushrooming along the roads and across the rice fields around Phnom Penh but the industry, now Cambodia's biggest, has its share of growing pains. Some workers complain that their factories are sweat shops and poorReuters; FILE PHOTO - 684 words
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Article, Illustration956 1999-08-17 10 Whither Indon federalism? INDONESIA will celebrate its 54th anniversary of independence under comparatively gloomy circumstances. The nation is now facing a slow move towards a change in administration, while the dark shadow of disintegration looms large. Never has this nation faced so much regional restiveness and956 words
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EXECUTIVE LIFESTYLE
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Article, Illustration595 1999-08-17 11 And so it was when 23-year-old Woods beat the 19-year-old Spaniard by one stroke to clinch PGA title Cox, NYT [MEDINAH, Illinois] This was only Round One on Sunday under an azure sky at Medinah Country Club. There will be at least a hundred orCox,; NYT; AFP, REUTERS - 595 words
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Page 11 Advertisements
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Advertisement505 1999-08-17 11 Where to wine, dine and entertain...^ g i I w m m JCB ISJ CITY THAI SHARKSfIN >£STAURANT I Braised Superior I Shark's Fin w/Crabmeat Braised Superior Shark's Fin w/Crabmeat (i Oaypot ptr penon) Braised Whole Abator* vWSopreme Mushroom Kai-Un Sambal Pomfret Prepared m Thai Styte Cnspy Fried Golden Beancurd505 words
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Advertisement20 1999-08-17 11 ——^I Buffet Lunch Jr Bufiet Dinner The Belvedere f <mtr »M KO*. 23M67. M- 717 iil 1 Fm 717 )U120 words
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Page 11 Miscellaneous
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Miscellaneous820 1999-08-17 11 CRYPTIC CROSSWORD 1 Point to publication's incite- J* L_f L_f to Ha Wt 5 Board involving doctor in row jj 11 RefUse to mark the page of Hf one's book (4,4) —PV— 12 Cash it makes a difference 14 The man responsible for the 18 Press the German leader to820 words
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KNOWLEDGE ECONOMY
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Article, Illustration809 1999-08-17 12 KENNETH JAMES - There is a shift to a new economy based on knowledge rather than tangible assets. It's time to learn the new rules, says kehheth jaues KENNETH JAMES A ROYAL family was deposed last month, a victim of the new knowledge economy. After more than twoJEN CHUA - 809 words
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Article537 1999-08-17 12 Anna Teo - A firm's intellectual capital, like brainpower, ideas and skills, has become a key measure of worth By. Anna Teo COMPANIES produce balance sheets and profit loss statements to capture the worth of their financial and "real" assets. But since it's brainpower, ideas and skills that will537 words
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Page 12 Advertisements
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Advertisement155 1999-08-17 12 Starting next wetlL, look out for At The Bmr,by Rajah&Tann, Advocates Solicitors. Upftrst: Teehnopreneurs and the law—what will the relaxing of bankruptcy laws and other similar initiatives mean for new high-tech entrepreneurs? Got a question or a comment? Please e-mail ebusiness@sg.orack.com. All mail will be W redirected to BT. '*i155 words
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COMPANIES & MARKETS
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553 1999-08-17 13 Wong Wei Kong - Consultant Mercer unveils rating system to gauge their performance W Wong Wei Kong [SINGAPORE] Over 83 per cent of Central Provident Fund Board-approved unit trusts made money in the second quarter, while 78 per cent performed better than their benchmarks, investment consultants William553 words
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366 1999-08-17 13 Teh Hooi Ling - By 1 Teh Hooi Ling [SINGAPORE] Venture capital fund Hotung Investment Holdings yesterday reported a 3 per cent increase in interim net earnings to NT5555.2 million (Ss29 million). A 19 per cent rise in turnover to NT$B42 million did not translate366 words
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Article251 1999-08-17 13 [SINGAPORE] Bank stocks rose yesterday, after Overseas Union Bank rounded out on Friday a strong showing from the banks at half-time. OUB Local closed 15 cents up at $7.15 after announcing a $217 million profit at the halfway mirk, up 68 per cent from251 words
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661 1999-08-17 13 Wong Wei Kong - HOCK LOCK SIEW Wong Wei Kong DBS Bank's recent move to raise Tier 2 capital is more than a debt market success. It also marks the first time Singapore's biggest bank has really gone out to sell its story to the international661 words
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511 1999-08-17 13 It also moves to waive requirement that directors be S'poreans [SINGAPORE] Singapore Telecom has proposed to raise its ownership limit on a single party to 15 per cent from 5 per cent and remove a requirement that directors be Singapore citizens, probably511 words
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Article362 1999-08-17 13 Corinne Kerk - Bat listed unit GAW reports 55% fall in earnings By Corinne Kerk [SINGAPORE] Specialist construction company Koh Brothers has posted a 55 per cent rise in interim net profit to $1.1 million even as listed subsidiary G&W Group reported a 55 per cent fall362 words
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COMPANIES
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Article, Illustration569 1999-08-17 14 Toh Han Shih - PwC director: Local bourses won't vanish but volumes will be mach smaller By' Toh Han Shih [SlNGAPOßE] In future, people will trade shares on a global virtual stock exchange, not solely through local bourses, PricewaterhouseCoopers (PwC) financial services consulting director AnthonyFILE PHOTO - 569 words
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323 1999-08-17 14 Bloomberg [SINGAPORE] Pacific Internet and Singapore's two other Internet service providers (ISPs) are looking to forge ties with global partners to beef up the range of their offerings, from content to commerce, as competition heats up. Singapore Telecommunications, the dominant phone company, isBloomberg - 323 words
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COMPANY Briefs
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Article51 1999-08-17 14 [SINGAPORE] The High Court has approved Goldtron's scheme of arrangement, under which Nicky Tan of Arthur Andersen is appointed scheme manager and will help formulate a plan to satisfy all outstanding debts and advise on the reorganisation of the group and the disposal of non-core51 words
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Article49 1999-08-17 14 [SINGAPORE] Shangri-La Hotel yesterday announced the valuations of its four key properties as at end-June. The flagship Shangri-La Hotel is worth $570 million; Shangri-La Apartments, $174 million; Shangri-La Residences, $152 million; and the Rasa Sentosa, $88 million. The valuations were done by Edmund Tie Co.49 words
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Article70 1999-08-17 14 [SINGAPORE] Boustead Singapore intends to buy two floors 0f45,000 sq ft in area at the Boustead Industrial Park at Übi Avenue from its associate, GBI Realty Pte Ltd. Boustead will pay GBI $7.26 million for the space at the park. Boustead or its nominee company70 words
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61 1999-08-17 14 [SINGAPORE] The Stock Exchange of Singapore yesterday reprimanded Apollo Enterprises chairman Ng Kim Suan for breach of disclosure requirements. SES, however, said it was not a public censure of Apollo. It said Mr Ng had failed to disclose his interests in Apollo through his nominees61 words
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Article52 1999-08-17 14 AFX-Asia [SINGAPORE] Berger International said its appeal against a lawsuit filed by former managing director Edward Cowie has been dismissed by the Appeals Court with costs awarded against the company. He had earlier won a lawsuit against Berger for wrongful dismissal and claimed compensation of nearlyAFX-Asia - 52 words
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47 1999-08-17 14 [KUALA LUMPUR] A former remisier of HLG Securities yesterday pleaded guilty to short-selling 50,000 shares of Sunrise Bhd in February 1996. The Securities Commission said the court fined Kok Choon Hoong 100,000 Malaysian ringgit (5543,990) or 10 months in jail in default.47 words
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275 1999-08-17 14 Jennifer Lien - By, Jennifer Lien [SINGAPORE] Refuse collector Colex Holdings is placing out five million new shares at 33 cents each as part of a government tender requirement, the company said yesterday. The new shares, of 10 cents par value, will increase275 words
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292 1999-08-17 14 [SINGAPORE] CSE Systems Engineering has chalked up a 34 per cent rise in net earnings to $3.8 million for the six months ended June 30 this year. In terms of earnings per share, the group achieved a growth of about 15292 words
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Article, Illustration288 1999-08-17 14 But this won't affect expansion plans, the company says Reuters [SINGAPORE] Singapore Telecommunications Ltd yesterday said it will work towards a debt-to-equity ratio of 20-30 per cent without affecting its expansion plan. "Our aim is to work towards a debt-to-equity ratio of 20-30 per cent.Reuters; FILE PHOTO - 288 words
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Article133 1999-08-17 14 As of yesterday, 85 SES-listed companies had released their financial results for the six months ended June 30, 1999. They recorded a combined $2,468.4(11 in group profits, up 89.7% over the same period last year. Excluding the six foreign companies listed on the local bourse, the increase was133 words
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284 1999-08-17 14 SUPERIOR Metal Printing reported a 118 per cent rise in interim profit to $3 million yesterday, helped in part by good cost control. The gain came despite a 16.4 per cent fall in sales to $32.2 million for the six months284 words
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240 1999-08-17 14 [SINGAPORE] Mentor Media, a provider of specialised outsourcing services for software and hardware companies, expects to launch its initial public offering (IPO) by end-August. The company yesterday said it had received in-princi-ple approval from the Stock Exchange of Singapore for a240 words
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317 1999-08-17 14 Ruth Wong - It fears purchase of 3 firms could dry up carmaker's cash From Ruth Wong in Kuala Lumpur NATIONAL carmaker Perusahaan Otomobil Nasional Bhd (Proton) yesterday said its substantial shareholder, Mitsubishi Corporation, wants equitable terms when Proton buys three other autorelated firms. "They (Mitsubishi)317 words
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INTERNATIONAL COMPANIES
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396 1999-08-17 15 Bloomberg, FT [CLINTON, Mississippi] MCI World Com Inc, the No 2 US long-distance telephone company, on Sunday brought back online a US telecommunication network after shutting it down for more than a week. The restart allowed the Chicago Board of Trade, the largestBloomberg,; FT - 396 words
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COMPANY Briefs
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81 1999-08-17 15 Bloomberg [HAARLEM, Netherlands] VNU NV, the publisher of Billboard magazine, will buy television ratings company Nielsen Media Research Inc for U5)2.7 billion (554.5 billion) in cash and debt to extend its marketing-information product line. The Dutch company is offering U5537.75 for each NielsenBloomberg - 81 words
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73 1999-08-17 15 Bloomberg [BANGKOK] Bank of Ayudhya pic, Thailand's fifth-largest bank, said South-east Asia Investment Holding postponed taking a 7.5 per cent stake in the Thai lender, despite a pledge in June to do so. The bank said in a statement the Taiwanese group, a unit ofBloomberg - 73 words
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81 1999-08-17 15 Reuters [NEW YORK] US officials are reviewing a planned USIIO-billion (5516.7 billion) venture between global telecommunications giants AT&T Corp and British Telecommunications pic for its possible impacts on law enforcement and national security, the Wall Street Journal reported. The paper's online edition said approvalReuters - 81 words
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89 1999-08-17 15 Bloomberg [WALTHAM, Massachusetts] Lycos Inc, the No 3 US Internet search service, unveiled free software that lets people search the Internet without leaving the Web site they're looking at by clicking a button on their computer mouse. That means, for instance, one canBloomberg - 89 words
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Article, Illustration560 1999-08-17 15 As7s9m reinsurance losses wreck insurer's performance Bloomberg, Reuters [SYDNEY] GIO Australia Holdings Ltd, 57 per centowned by Australia's largest life insurer and fund manager AMP Ltd, said it will pull out of the reinsurance business following operating losses of ABloomberg,; Reuters; FILE PHOTO - 560 words
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509 1999-08-17 15 It'll begin tender offer for all Reynolds shares at US$66 Bloomberg, NYT [PITTSBURGH] Alcoa Inc, the world's top aluminium producer, made an all-cash hostile bid for Reynolds Metals Co after its rival on Sunday spurned a $5.6 billion (559.4 billion) stock-and-cash offerBloomberg,; NYT - 509 words
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171 1999-08-17 15 Reuters [STOCKHOLM] German engineering group Linde AG yesterday launched a 30.9 billion kronor (556.2 billion) cash bid for Swedish gas group AGA AB in the latest consolidation in Europe's industrial gases market. The merger, which comes hot on the heels of the takeoverReuters - 171 words
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492 1999-08-17 15 It's a wide-open, diverse market with room for competitors NYT [NEW YORK] America Online (AOL) is the undisputed king of Internet service providers, having added 5.1 million members in the last year alone, for a total of more than 17 million subscribers.NYT - 492 words
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233 1999-08-17 15 But its CEO reports progress in talks to stave off bankruptcy FT [LONDON] Bondholders in Iridium, the satellite phone company which filed for Chapter 11 protection on Friday, are expressing doubts over whether the company can stave off bankruptcy. "We are poles apart with theFT - 233 words
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FINANCE & COMMODITIES
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588 1999-08-17 16 Most foods go into technology, especially Net bosinesses Reuters {PALO ALTO, California] It is no longer accurate to say dollars are flowing into new high-tech ventures. The money is now gushing in. A new survey shows venture capital investments in young US companiesReuters - 588 words
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Article, Illustration591 1999-08-17 16 These coold ioclode Italian, Spanish institutions: MD FT, IHT (LONDON] Societe Generate of France is planning to seek partnerships with other European banks in certain businesses, in a move that could result in these banks taking equity stakes in SG. Patrick Duverger, SG's managingFT,; IHT - 591 words
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SMALL Change
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82 1999-08-17 16 Reuters [BEIJING] China has set up its first exchange for spot trading in petroleum, petrochemical and chemical products in Shanghai. An exchange official said yesterday that the Shanghai Huayou Petroleum and Chemical Exchange Centre, which cost 20 million yuan (Ss4 million), was set upReuters - 82 words
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107 1999-08-17 16 Reuters [BANGKOK] The Bank of Thailand yesterday appointed eight banks and a brokerage firm as correspondent dealers of debt instruments, saying the move was the first step towards its selection of primary dealers in these papers. The central bank said it appointed the followingReuters - 107 words
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73 1999-08-17 16 Bloomberg [MELBOURNE] Citibank Ltd, a unit of the world's largest financial services company, Citigroup Inc, said it was appointed custodian to Colonial First State Investment Managers Ltd's domestic equities portfolio. Citibank will provide custody services supporting Colonial's retail and wholesale assets in Australia, worth AsloBloomberg - 73 words
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81 1999-08-17 16 Reuters [LONDON] Influential Internet brokerage analyst Bill Bumham is to join new venture capital group Softbank Capital Partners from Credit Suisse First Boston (CSFB), the Financial Times reported yesterday. The newspaper said 28-year-old Burnham would become one of four partners at the US$l.25 billion (Ss2.lReuters - 81 words
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Article57 1999-08-17 16 Bridge News [TOKYO] American Express Co plans to expand its business in Japan with the introduction next month of a new card for owners of small companies, part of its goal to increase the international share of the company's earnings, said Kenneth Chenault,Bridge News - 57 words
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490 1999-08-17 16 Brian Gomez - By: Brian Gomez in Sydney THE big Ok Tedi copper mine in Papua New Guinea could be heading for an early closure, the Australian Financial Review reported, saying speculation about the closure was behind Friday's big jump in490 words
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216 1999-08-17 17 Daphne Tay, Jardine Fleming - himnx Reports MSCI Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market yesterday found continued support from a high-flying performance by US markets last Friday on the back of benign Producer Price Index data which allayed investors' fears of a series of216 words
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183 1999-08-17 17 Charlie Kuo Refco Singapore - MSd Taiwan Aitures Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures continued to rally yesterday amid optimism that foreigners will keep buying Taiwan shares in response to Morgan Stanley's move to count Taiwan stocks at full weight in February. The183 words
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Article297 1999-08-17 17 ENERGY REPORT Reuters [LONDON] Oil markets placed another bet on tightening supply yesterday, supporting prices in the vicinity of 22-month highs touched last week. Benchmark Brent for September delivery was 18 US cents firmer at U5520.87 a barrel at 1440 GMT, just 13 centsReuters - 297 words
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Article323 1999-08-17 17 AFP, Reuters London THE euro faced a confidence test yesterday as it slipped to new life lows against the strong yen and bumped against a crucial support level against the US dollar. While the dollar also fell against the yen, which was bolstered by rising Japanese stock pricesAFP,; Reuters - 323 words
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Article, Illustration944 1999-08-17 17 INTERBANK CROSS RATES Aug 16 t "M iMhfcuMi m w in NBMII Poo ss iw sir in$ im KM to ESS" iQ38 M1 S2 0 °S \Z Si lS 21SS2 2 m 5-S l g 7a unutim o.«sa« ,r: w W MB 4.W6 1.248 5.249 29.355 ***** 0.776 8.131 2.569944 words
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Article1748 1999-08-17 17 SICOM FUTURES Augli RUBBER (Mint ctojmq *j at SJOpm) RSS1 CONTRACTS cwtsAg) Close Volume Opm Month Wflh Lew Sott (touts) Interest 99 9l75 «00 Oct 99 95.25 300 Nov 99 96.75 300 Ok 99 98.50 300 J»/*ar 00 102.00 300 Apr/Jm 00 105.50 Jul/Sep 00 108.50 RSS 3 CONTRACT (UScwtiAfl)1,748 words
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Article, Illustration1341 1999-08-17 18 AFP HHMgSeng +286.60 HONGKONG share prices surged 2.3 per cent yesterday following a stronger US market on Friday, dealers said. Alex Tang, research director at Core Pacific-Yamaichi, said the gain was expected after Wall Street's rise, sparked by US economic data showing no inflationary pressure. The key Hang SengAFP - 1,341 words
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Article, Illustration539 1999-08-17 18 AFP, Reuters Qshnnghflti b infei -0.87 SHENZHEN'S hard currency B shares ended down nearly one per cent yesterday as worries over tensions between China and Taiwan and lacklustre interim results plagued the market. A sharp rise on the neighbouring Hongkong stock market failed to dispel the gloomy sentiment, theyAFP,; Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 539 words
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Article323 1999-08-17 18 AFP HWP Index ****** TAIWAN share prices jumped 5.1 per cent yesterday to break the resistance level of 8,000 points on strong institutional buying following last week's decision by Morgan Stanley Capital International to raise the weighting of Taiwan shares, dealers said. With share prices up across the board,AFP - 323 words
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Article2063 1999-08-17 18 LOttPOH Mistrfils jM Hmt 34 Crow 8J9 0.21 Abbey National 10.48 0.10 A B Foods 4.06 -0.01 A B Ports 108 0.04 AstraZeneca 23.01 0.57 Alliance 6 Leicester 8.16 0.16 A Mod rww»n m -0.02 Allied Zurich 7J1 0.18 Anqlo American Gold 43.70 unch ASOA Group 2.202,063 words
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Article1630 1999-08-17 18 AFP Nikkei 225 H Nikkei 225 +39(188 TOKYO share prices rallied 2.2 per cent yesterday as foreign investors led buying of hightech and export-led issues following Friday's gains in New York, brokers said. Late profit-taking, however, slowed the upward momentum and the Nikkei Average of 225 leading issues closedAFP - 1,630 words
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KUALA LUMPUR STOCK MARKET
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Article, Illustration393 1999-08-17 19 AFP P Composite Index -6.47 MALAYSIAN share prices closed down 0.8 per cent yesterday but off their lows in volatile trade amid broad based profit-taking, dealers said. An institutional dealer at a local brokerage said profit-taking was the main feature of the day butAFP - 393 words
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Article7268 1999-08-17 19 INDUSTRIALS ConuNMr products 1999 L»tt Vo4 Day N»t Cap H6gh Law Cawpany Sata 'OOO High Law P/E $m8 440 255 Ajinomoto 310 19 7 125 A 11* Angkasa 103 -3 141 109 100 1519 404 220 Apollo Food Hlg 310 -10 4 312 310 10 8 124 0 294 1157,268 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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214 1999-08-17 20 Ven Sreenivasan - WARRANT WATCH -By Ven Sreenivasan THE Asia Food Properties warrant has remained quite active despite the poor market conditions during the past one month. The instrument closed 1.5 US cents lower at 29 US cents yesterday on a volume of 1.2 miUion214 words
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Article295 1999-08-17 20 AFP Fl Wellington *2(156 NEW Zealand stocks closed up 0.9 per cent yesterday following Wall Street's sharp rally on Friday and a rise in Telecom before the expected release of good results today. The NZSE-40 Capital Index ended up 20.55 points at 2,186.55 on light turnover of NZ556.4 million.—AFPAFP - 295 words
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Article2093 1999-08-17 20 BONOS, LOANS WARRANTS 52*Wk Lost Vol Doy Lost Quote Avf MtgH Low Stno Company Sal* ♦or- COOO) High Law Buyer Seller Pfk< 'O 4 3 3)60 -Acer ******1USS 44 *1 628 48 43 5 43.5 44 5 80 4.5 S 3164 Acma ******4 30 -1 69 33 30 30 322,093 words
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Article205 1999-08-17 20 HONGKONG STOCKS b Cr S2 wk v«i Day Last Oust* ON Dtv VM Na« M Cap Mlgn Urn Stnc Company Sata COOO) Law Buyar 5—f Cw M $m> 365 173 5123 CDLC2000)HK 277.5 265 8 17 2.9 9 4 ***** 5124 Cathay Pit 20c MK—720 Cd 245 2.1205 words
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Article, Illustration877 1999-08-17 20 AFP P SET Index -5.67 THAI shares closed 1.3 per cent lower yesterday with profit-taking eroding early gains and heavy selling in Krung Thai Bank further dampening sentiment as the government launched a probe into its lending practices, analysts said. The benchmark Stock Exchange of Thailand Index closed downAFP - 877 words
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Article403 1999-08-17 20 AFP Q Composite Index -IQJ9 SOUTH Korean shares fell yesterday on continued concerns about the redemption of beneficiary certificates following the announcement of the Daewoo Group's restructuring plan, dealers said. The Korea Stock Exchange Index closed down 10.19 points at 907.28. Volume was 217.4 million shares worth 3.2 trillionAFP - 403 words
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Article649 1999-08-17 20 AFP All Ordinaries +59J AUSTRALIAN shares surged 2 per cent yesterday on the back of a strengthening Wall Street which revived buying in banking stocks, brokers said. The Australian Stock Exchange's benchmark All Ordinaries Index jumped 59.1 points to 3,017.9. The All Industrials Index soared 120.6 points to 5,159.4AFP - 649 words
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Article, Illustration711 1999-08-17 20 AFP Pi Composite Index +2.77 INDONESIAN share prices closed up 0.5 per cent yesterday but off their highs amid profit-taking in selected large stocks in late trade, dealers said. They added that pressures on the rupiah eased yesterday ahead of a national holiday today. A dealer at a localAFP - 711 words
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Article321 1999-08-17 20 AFP n Manila +4-31 PHILIPPINE share prices had inched up 0.2 per cent by the close in sideways trading yesterday as political uncertainties and worries about a possible US interest rate rise persisted, brokers said. The Philippine Stock Exchange Composite Index added 4.31 points to close at 2,175.30. VolumeAFP - 321 words
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7231 1999-08-17 21 W'Wfc Latt Vol Doy Lost Quo to Dlv Dlv YM Net Cab i«a MH» Low St No Compooy Solo COOP) High Low Suyor SoUof C'vr H P/t >JS Prte? MULTI-INDUSTRY 182 17.5 m b >000 Acma 50c 125 *6 218 125 118 122 1247,231 words
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Article1318 1999-08-17 21 Transaction date: Am; 16 j ~"-i- is rg. y a a.a MAMUFACTUMM fS 22 C 9 S Au< 27. *3 m ITS 177 178 W N 0.6 202.1 174 8? m J low S3 5 m «o 120 SJ sii tti 28 8 S i§Sf gj 5 s 21,318 words
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STOCK EXCHANGE OF SINGAPORE
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Article414 1999-08-17 22 Steta Vofct •Genting Int 9,395,000 Asia FoodSProp USS 8,483,000 Hotunq Inv MT5 6,954,000 MOL 5,564,000 DBS Land 5,472,000 IPC Corpn 5c 5,284,000 SingTel 15c 4,859,000 OH Monte USIc 4,755,000 Golden Agri USIOc 4,378,000 FHTK Hldqs 20c 4,022,000 Stocks DBS Fofeiqn 28,344,314 City Oev 50c 22,374,661 DBS Land 17,801,883 OCBC Foreign414 words
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Article, Illustration634 1999-08-17 22 Ven Sreenivasan - STOCK MARKET COMMENTARY Market watchers wary ahead of today's release of US CPI; shares likely to remain volatile until Aug 24 FOMC meeting By Ven Sreenivasan THE Singapore benchmark index staged an early rebound yesterday following a sharp rally on Wall634 words
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ON THE GRAPEVINE
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Article69 1999-08-17 22 PENGURUSAN Danaharta Nasional the agency in charge of mopping up non-performing loans in Malaysia—is sounding rather militaristic in its recruitment drive. The advertisement, with the tagline "Serve Your Nation", says: "Danaharta needs bright, dedicated and motivated individuals with relevant experience to Join and assist Danaharta in helping69 words
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Article143 1999-08-17 22 SOME US funeral service businesses are apparently struggling because of cut-throat competition in the industry, according to a Reuters report New York-listed Stewart Enterprises Inc. the No 3 North American provider of funeral services, said last week that it expected its earnings to drop in143 words
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Article80 1999-08-17 22 HAI Tien Lo, that upmarket Chinese restaurant at the Pan-Pacific Hotel, is putting up ivory chopsticks (the elephant kind) as prizes for lucky diners in a current promotion. Each pair is supposed to be worth $200. The ivory may well have been obtained before the international ban was80 words
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Article163 1999-08-17 22 MORE than 100 top executives are giving up their weekend to raise funds for a charity event at Central Mall. One sporting fellow, the CEO of Mt Alvernia Hospital, has even offered himself up for a dunking. Held in conjunction with the Singapore River Fiesta 99, the Hospice163 words
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Article, Illustration66 1999-08-17 22 Wong Wei Kong - -By Wong Wei Kong DBS Land shares closed up 16 cents at $3.32 yesterday with 5.5 million shares traded, compared with its 10-day traded average of 2.72 million units. The technical indicators, such as the RSI, Stochastics and MACD charts, are looking quite favourable and suggest that the66 words
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Page 13 Advertisements
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Advertisement58 1999-08-17 13 August 1999 This announcement appears as a matter of record only. Toyota Motor Credit Corporation SGD 200,000,000 4.0% Notes due 2002 Issue price: 99.80% Lead Manager Deutsche Bank AG, Singapore Branch Co-Lead Citicorp Investment Bank (Singapore) Limited Co-Managers Overseas Union Bank Limited The Hongkong and Shanghai Banking Corporation Limited, Singapore58 words
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Advertisement8 1999-08-17 13 Sing Tel targets higher debt-equity ratio, Pg 148 words
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Page 15 Advertisements
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Advertisement77 1999-08-17 15 SI" cr> n _J AUSTRALIA mm Intake: Oct '99 j|||L Specialisation B •Marketing IB H Project Management Kyjjjdir General Management Information Systems Doctor of Business Administration Human Resource Management students enjoy excellent graduate placement (ratio 5 out of 5) as reflected in the Good Universities Guide to Australian Universities' USQ77 words
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Advertisement233 1999-08-17 15 \Jbel BOUSTEAD SINGAPORE LIMITED Since 1828 NOTICE IS HEREBY GIVEN that the Share Transfer Books and Register of Members of the Company will be closed from 2nd to 3rd September 1999 for the preparation of dividend warrants. Duly completed transfers received by the Company's Share Registrars, Lim Associates (Pte) Ltd,233 words
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Page 16 Advertisements
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Advertisement143 1999-08-17 16 I TODAY®***#. 1 lianhe Zaoban xmmx ?jgygß MISSING MISSING MISSING VM fl v belinda wee ieon tan kok ann michael ortega lv anchor woman titrated wed oiprchant rulfcluss reu MISSING MISSING MISSING I .-V fjt 4 Jr andv i dedtiie lay dr cdwin wong tareiqn talent failed suuermom tneMective virotoqisi143 words
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Advertisement208 1999-08-17 16 Wc provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong -Bahamas Samoa Full nomihee, management, corporate secretarial and professional administration services arc available. i We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants.208 words
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Page 18 Advertisements
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Advertisement11 1999-08-17 18 The Straits Times Classified is child's Play. CaIICAT.S. at 1800-737-1166. iMsf11 words
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Page 19 Advertisements
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Advertisement19 1999-08-17 19 W 1 Your weekly guide to pubs and lounges i<l every Friday in The New Paper Fastads fSStctCfS f19 words
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Page 20 Advertisements
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Advertisement19 1999-08-17 20 p. l Personal Finance Unit Trusts •Property Jy£\ .-''Jf 1 m "i n i ■■> Stocks Epicure Style Motoring Travel19 words
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Page 21 Advertisements
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Advertisement53 1999-08-17 21 Multiply your wealth. w jjp The Equity Investment Account from Citibank. «f wKm Gives you credit to invest in shares and interest on your positive balance. f What better way to multiply your money? Call 339 7126 to open an account today Or visit our website at www.citibank com sg53 words
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Page 22 Advertisements
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Advertisement640 1999-08-17 22 To make money from the market you need the best ideas. Get some, by signing up with DBS Investor Online at 323-3955. gj| )|^BANK [notices IftW-Mi Tat Lee Finance I Keppel Tat Lee Finance Limited I (Incorporated in the Republic of Singapore) I Notice of Extraordinary General Meeting I NOTICE640 words
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Advertisement614 1999-08-17 22 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF WATER WEIGHTS (SXA.I PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company duly convened and hekl« l9Tuat Cretcent. Jurong. Singapore *****3 on 13 August 1999 the Special Resolutions set out below614 words
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Advertisement186 1999-08-17 22 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF HAMAR PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Ad, Cap. 50, the Final Meeting of the members of the abovenamed Company186 words
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Advertisement9 1999-08-17 22 I -f& CATS. Buy It. Sell It. Find It.9 words
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SHIPPING TIMES
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Article311 1999-08-17 23 Bridge News, Reuters TRADING was quiet, as usual for a Friday, but Panamax rates in the Atlantic continue to firm. TANKEB& Rates for West African million-barrel loaders continued to fall with levels now down to ws 52.5. There is still plenty of VLCC tonnage available from the PersianBridge News,; Reuters - 311 words
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Article283 1999-08-17 23 «a» *h w CWT Distribution U1 unch 41 CtaMRHi* L22 OOI 09 Caacp mvpttmant L25 unch 79 FraMrt Unto 0J1 -0.01 1363 cetfaidirm aw 0.02 23 Hal Sun Hup OM -0.02 624 IMC Hotdlnqt-HK —5.60 uncti 0 ■Jay* loWnqs 0.92 002 133 Jurong SNpyard 7.35 -0.20 KM KappaiCorp283 words
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Article, Illustration583 1999-08-17 23 S Shivani - MP A, two local seafarers' anions to contribute to and operate fond By S Shivani [SINGAPORE] A stranded seafarers' fund is being set up in Singapore for the first time to aid seamen left in the lurch. The Maritime and Port AuthorityARTHUR LEE - 583 words
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367 1999-08-17 23 Rajendra Bajpai - Winner will operate, maintain chemical port in Gujarat From Rajendra Bajpai in New Delhi SINGAPORE'S PSA Corp is among the bidders for the operation and maintenance (O&M) contract of a 7.25-bil-lion rupee (*****.87 million) chemical port in western India, a senior port official367 words
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PORT Shots
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Article43 1999-08-17 23 [LONDON] International fthtpmanagOTpont ««npny Acomarit has been awarded the contract to l Brazilian state oilfirm's transportation subsidiary Transpetro. Acomarit has set up a new Brazilian-baaed subsidiary, GEN, to service Transpetro'* fleet of 30 vessels crewed solely by Brazilian seafarers.43 words
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Article57 1999-08-17 23 [LONDON] US-baaed classification society American Bureau of Shipping (ABS) has issued its first guidance notes on air pollution from ships, which is regulated by the International Maritime Organisation (IMO) under Marpol Annex VI. The annex is being pushed by the organisation so that it can57 words
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109 1999-08-17 23 [LONDON] UK-based mutual insurer the International Transport Intermediaries Club has given details of a recent case which highlights the need for ship brokers to pay attention to what they are told on the phone. A charterer fixing a tanker to carry vegetable oil asked109 words
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Article, Illustration724 1999-08-17 24 S Shivani - PORT OF HAMBURG Container terminal operator HHLA has chosen a new compact system to handle containers at its new terminal By, S Shivani HAMBURG'S major container terminal operator, Hamburger Hafenund haus-Aktien-gesellschaft (HHLA), has decided on a new system to handle containers at its 670 million DeutschemarkFILE PHOTO - 724 words
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Article178 1999-08-17 24 PACE DM* Ltoyd 8 ACL 6 Donqnama 3 •AWL 3 ECU Line 6 Accord 8 ECL 4 Appenshp 5 Austral 8 8 BalaiiShpq 5 GUl 4 jy Gemartrans 6 B'tanq Mas 8 7 COH T 3 CMA 8 4 Hyundai 7 cosco s ICFS 3 csav 3178 words
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Article15455 1999-08-17 31 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT IT age i ti« tiA Aavarttsar VMSO Voyage Tetyrttona ETA ETA Adv»rti»»r vassal Voyaga TMptton, SIN D#st n Ndrn# NNutnbff Numbtr ciij D#ct'n Mam# ij imt Niimhar ....i... t N4m Numtm Numtwr To arid Ian /in n To BRISBANE (BNE) 205B Australia < ABJ 200315,455 words
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SHIPS IN PORT
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Article664 1999-08-17 35 VtMtl Voy Wo Berth Arrival Departure Jvoflf p«rt Oct Success 47A J22 16/08/6:10 21/08/700 Bt Sur S*lrti ***** J01 16/08/8:20 16/08/181)0 L*oy 82 NC/14 J02 16/08/7JO 17/08/800 P» »09 2308 J12 16/08/7:55 17/08/8:00 C Progress 16-AUG J09 16/08/8 40 16/08/1500 Bt Bt MU AOG-16 J01 16/08/9:00 16/08/2000 Moomrus664 words
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Article1789 1999-08-17 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From 4ci Mucus 0204 I7/K00 U WBOO 14/H59 K/m *aUK 00. 17/2300 W WBOO WHM WBOO WBOO 14/1459 14/1900 2* W1700 17/0*59 17/0*0 W1700 17/0*59 17/0900 3W» *****0 U 16/1500 KwT4591,789 words
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Article192 1999-08-17 35 An# 17 Indonesia: National Day. Aug 20 Philippines: National Heroes Day. Ad| 30 United Kingdom: Summer Bank Holiday. Aug 31 Malaysia: National Day. 1 Mexico: State of the Nation (optional). Bep6 Canada: Labour Day. Luxembourg: City Kemesse. United States: Labour Day. Sep IS Japan: Respect of the Aged192 words
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Article794 1999-08-17 35 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollar* Instead of single price* for a more comprehensive description of the market Prices shown are baaed on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the794 words
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Article488 1999-08-17 35 Carboa WO Mo 990.0 8.1 T7.5 0.09 72 0/F M12 Otwlty Water IkMm Ask Aluminium Se«»ont No above £25 0 110 0 1 380 AM 985.0 0.4 14.2 0.07 38 0.02 Cxih 390 Mo 1005.0 2-5 18.3 0.13 235 0.06 MAri %W »m/m %M/» ww mm*488 words
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AIR & LAND TRANSPORT NEWS
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Article, Illustration322 1999-08-17 36 Its competitors also have similar programmes of offering incentives to travel agents Bloomberg [LONDON] British Airways confirmed that it was considering bringing lawsuits against several of its European competitors over incentives to travel agents. It also confirmed it would cut some jobs. Last month,Bloomberg; FILE PHOTO - 322 words
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655 1999-08-17 36 Machinists wili strike if company fails to give in to their demands Reuters [SEATTLE] Aerospace giant Boeing Co's biggest union is talking tough as negotiators for both sides gird for two weeks of intense contract talks beginning yesterday. Officials ofReuters - 655 words
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128 1999-08-17 36 AFP [PARIS] Flight delays in Europe this summer are the worst in a decade, but it is not the airlines' fault. Air France chairman Jean-Cyril Spinetta said. "Summer 1999 is the most disastrous in the past 10 years. In Europe, the average delayAFP - 128 words
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206 1999-08-17 36 Reuters [TAIPEI] China Airlines, Taiwan's largest carrier, signed contracts yesterday to buy US$BOO miUion (SSI.3 biUion) worth of engines from General Electric and CFM International to power airplanes it ordered from Boeing and Airbus Industrie. The order comes after China AirlinesReuters - 206 words
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106 1999-08-17 36 Reuters [TAIPEI] Taiwan's Cabinet has proposed establishing a NT$2O billion fund to help accelerate development of the island's aerospace industry, the cabinet's Development Fund said yesterday. "The Cabinet in a sub-science and technology meeting has proposed to set up a NT$2O billion (Sssoo million)Reuters - 106 words
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Article, Illustration161 1999-08-17 36 AFP (HONGKONG] Hongkong's Cathay Pacific Airways Ltd is planning to expand its fleet if demand continues to improve, according to its newsletter. "If the current upturn continues, we are prepared to look into acquiring additional airframes to meet our operational and commercialAFP - 161 words
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Article1756 1999-08-17 36 CITY FU6HT ETA FU6HT 00 S026 2355 AMaU* BA7381 1930 BA7382 2055 NhH SOW 830 S0990 M05 0FW 1930 C-lltii S0003 1905 CZ354 09W g* CZ351 2045 ***** 1020 $0229 2230 OS* 55 AmttrtfM KL843 0435 GA972 OOW SS IS S023 0705 KL844 0040 T J"**1,756 words
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Article, Illustration603 1999-08-17 36 AFP [PARIS] Fat fliers beware! After problems experienced by a hefty French passenger on a Paris-Beijing flight, airlines have stressed that if you take up two seats, you pay for them. Frenchman Jean-Paul Touze weight 170 kilograms said he wasAFP; FILE PHOTO - 603 words
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Advertisement23 1999-08-17 23 Port of Hamburg antoma ting for super speed Container terminal operator HHLA has chosen a new compact system to handle boxes. Page 223 words
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Advertisement317 1999-08-17 23 people main** eonpny to mm Brendan Drury has been fN appointed Air New Zealand's MIKV A I regional marketing manager w for Asia and Japan. He will Nordana Line will open be based in Singapore. nM. an office here on Sept 1. Mr Drury moves from the With the opening317 words
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Advertisement152 1999-08-17 23 BA threatens lawsuits against European rivals Its competitors also has similar programmes of offering incentives to travel agents. Back Page 9 TERMINAL MULTIPURPOSE MERAK MAS A Public Licence Granted Ist May 1999 I '^1 j»Atsl JAVA Island >■■ "V Li 'I! m ft s. -"1 ■HH fr 1 1 JawßßßßPßßPfl^^^^H^^E^^B^H152 words
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Advertisement871 1999-08-17 24 SHUTTLE IXPRESS I[~~| IOULF KARACHI IXPRESS flttX) vcsa vqtam I i 6« mm vorl dmn I oam Ikwtlju mo lon Ipkung sm ooawn/UN mwssi <M/OO 22/ M 77Z7 ~~7 7TZ7 OOCI AMERICA 36W532 11/ M M/M ftO NDUOTD AMAZOMS Mi M/M M/M M M 10/ M 11/01 U/M M/M 21/871 words
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Advertisement1067 1999-08-17 25 I SAX SERVKE (DIRECT) vssa vgr sura ux qa« pai hou oo a* mb» <n wk mSWB 0131 18/08 02/09 07/09 07/09 10/09 10/09 10/09 10/08 11/W 11/09 mgwgg 027t 2S/00 09/09 14/09 14/09 14/09 15/09 IS/09 15/09 It/09 14/ OB msiMxwrx oi« 01/09 16/09 21/w 21/09 21/09 22/09 a/091,067 words
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Advertisement1514 1999-08-17 26 DSRSENATOR LINES TO UK/CONTINENT TOMKUfIKHRANEANCANADA ***£1 WT m LB) HTM ANN MM WV FU ttSSB VOT SM BIT I>l FOt VLC WW MmaMS WOK 4 13 M M M K m ■> K M CHOYANG CHANCE WMOS M M >1 H (t M M M MM M M HAWM GENOA1,514 words
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Advertisement1552 1999-08-17 27 IVEBBEI VOV *HH MKQ WW PKO PQB PXB DMM BA IMK NtAN TABATAOAEI PCL-8118 18AM 20/08 24/08 28/08 03/00 04/00 08/00 07/00 00/00 NUN SATTARt PCL-5117 28/08 27/08 31/08 01/00 11/00 12/00 13/00 18/00 17/00 IRAN TEYFOUW PCL-8118 01/00 03/09 07/00 08/00 17/00 18/00 10/00 21/00 23/00 IRAN BAABAEI PCL-81101,552 words
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Advertisement1894 1999-08-17 27 $Mm§ to Mm g4g| ipfcovti (Via MM) mS*M I" SINGAPORE'S GENERAL AGENTS: 80 ROBINSON RD TIL- 226 1900 FAX: *****0R OUTWARD (IA) :4?SSS?""N)!ioMC^^ COST At iff— Hi lit #12-00 SAIiS/MGS *****57/60 HOWARD DEPT (0/0) *****85 COSTAR AGENCIES (M) SDN BHD q NO: H7>*****0001 SWGAfOtt *****8 CONVENTIONAL *****50/55 T/SHPMIT DEFT *****251,894 words
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Advertisement1519 1999-08-17 30 ■AMOKOK/ MAP TA PHUT/ LABM CHABANO] W—— VESSEL VOY I SIN I BKK MTP LCH VESSEL VOY SIN JKT —PJN ANAN BHUM AA 128N In Pt 21/06 I UAOHE* 004 liTpt 21AM I ULABHUM 118N In Pt 20/06 21/06 20/06 GURU BHUM 142S 16/06 22AM NANTA BHUM" 469N 16/06 21/061,519 words
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Advertisement51 1999-08-17 31 tit MMM INTRODUCING OUR NEW FAR EAST USA TRANSPACIFIC EUROPE SERVICE Turn To Pg 6 FULL CONTAINER (EVERY MON/WED/FRI) EXPRESS SERVICE Jf MSC Agencies Pte Ltd Turn To Pg 5 For Service From PASIR GUDANG/ SINGAPORE to China Shipping (S) t "SJ/VIETHAM Agencies Pte Ltd j H CONTAINER UNE Pg51 words
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Advertisement58 1999-08-17 33 Sl^^Dial74o-6000^OnQ€m3n^n —mmJ (Retrieve more schedulesl) SjApressT c Select the port and key in the four digit code eg To New York (NYC) 2275 m 2© Key in your fax number I 1 Enter your phone number I Anothtr innovative service offered by The dOCUment Will be Shipping Times miJ faxed58 words
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Page 35 Miscellaneous
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Miscellaneous135 1999-08-17 35 [Regional 222 1 10 °e InoE >^iP ios LEGEND: R Thunderstorm Temperature o c X\ V Shower Weather Wind direction with speed m knots ee Rom Cloudy Sky Wov h 9 h, Serface wind* are indicated by orrowj wtiich Hy with the wind One full circle represents calm or kght135 words
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