The Business Times, 19 August 1999

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL21522
Total Pages: 44
1 44 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    12 1 THE BUSINESS TIMES MfTAJP) (M(VI2/98 85« SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, AUGUST 19,1999
    12 words
  • Article
    Lock icon MARKET SUMMARY
    60 1 CKm«JB(+*W) lIR* tj7H« (+24.27) Plsmsci rannEß U mat (+9.70) QUUETMOOD: WDCHMAilWIiWUBB Wednesday Change KLSECOMP .766.86 *33 NIKKEI *****28 +3117 RANG SENG *****.16 +309M SET INDEX 409.76 -Lift JAKARTA COUP __J61J6 *638 MANILA COMP _3,t96J9 +1736 TAIPEI WH 7393.71 -»7J SEOUL COMP ***** -4.T6 CL8A CHINA B 8(3.61 Ltt
    60 words
  • Article
    Lock icon FINANCE
    64 1 FOREX BATES us* ss US$ 1.678 £(USJ/SSper£) 1.808 1697 RJROfUSS/SS per E) 1.064 1.768 L866 1904 1111 L484* 1806 ***** HKS 7.764 1216 BAHT 3816 1044 RUPIAH 7,416 10B* 'SttoieomMs RUB BATES &mk.>?**&jVf f JFf.: 'Jf* SINGAPORE* U» KUALA LUMPUR 7J5 JAKARTA 40.90 BANGKOK IMC Manila nj» HONGKONG 858
    64 words
  • Article, Illustration
    Lock icon Small cap stocks come roaring back with 11% surge
    563 1  -  Banks rally on MSCI news; benchmark ST Index impresses with 3% gain By\ R Sivanithy [SINGAPORE] Small cap stocks on Sesdaq made a thumping comeback yesterday, surging by nearly 11 per cent as the local stock market shook off weeks of
    Source: Bloomberg  -  563 words
  • Article
    Lock icon SingTel to freeze salaries again, but will pay bonus
    505 1  -  It says this is in line with slower profit growth in last FT By 1 Teh Hooi Ling [SINGAPORE] Singapore Telecommunications, the largest and most profitable listed company in Singapore, is freezing the pay of its 12,600-plus employees for a second
    505 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      132 1 DlalPE BMhn* threat A global network of computer hackers would bring Indonesia to a standstill if Jakarta sabotaged this month's ballot on the future of East Timor, the Sydney Morning Herald quoted independence leader Jose Ramos Horta saying, Pf 7 En bloc sale Two potential collective sale sites ainng Meyer
      132 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      281 1 At the peak of the property market, Redas I Residential property: Too Daniel Teo was offered $8 million for his I tote to jump on bandwagon? mm bungalow. Did he sell? "No!" he laughed. "We need I Pglo ahouse j° llvein khisst V |lsh I How to build your own
      281 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      21 1 Auto Asia receivers face expiring COEs Pg 20 Ong Beng Seng, Saudi prince to inject USs3om into Planet Hollywood Pg 21
      21 words
Page thumbnail Page 2
  • FOCUS: MARKETS
    • Article, Illustration
      Lock icon Simex Nikkei 225 tops 18,000 but falls back
      287 2  -  Trend mirrors Tokyo trading, with stock index up a mere 0.2% By Ven Sreenivasan [SINGAPORE] The Simex Nikkei 225 broke through the key 18,000 level in early trading yesterday but the momentum could not be sustained. After surging 305 points to a
      287 words
    • Article, Illustration
      Lock icon Net US$140m foreign funds left M'sia mid-July to early Aug
      602 2  -  But outflow seen reversing with Malaysia's MSCI reinstatement From Ruth Wong in Kuala Lumpur THE outflow of foreign funds from Malaysia ahead of September's easing of capital controls has begun with about a net US$l4O million (***** million) leaving the
      Source: NEAC  -  602 words
    • Article, Illustration
      Lock icon Yen hits all-time high against euro at 118.8
      562 2  -  Greenback falls to 6-month low; players say 110 yen to US$ target now in sight By\ Larry Wee [SINGAPORE] The US dollar was beaten down to a six-month low of 112.80 yen in Asian trading yesterday, mainly as a result of heavy
      Source: Reuters  -  562 words
    • Article, Illustration
      Lock icon US, Japan may intervene if US assets hurt: Merrill Lynch
      462 2 Bat there mast be clear evidence of global price plonge Reuters, Bridge News [TOKYO] A US-Japan joint intervention to support the beleaguered dollar is possible when US authorities become concerned about stability of its own asset markets, Merrill Lynch's senior
      Reuters,; Bridge News  -  462 words
    • Article
      Lock icon HK stocks up, taking lead from Dow, US CPI
      211 2 Reuters [HONGKONG] Hongkong stocks closed higher yesterday after mild inflation data overnight from the United States underpinned a solid rise on Wall Street. The Hang Seng Index closed up 209.94 points or 1.64 per cent at 12,993.10 after spending most of
      Reuters  -  211 words
    • Article
      Lock icon KL shares up on talk of end to capital gains tax
      408 2 Renewed rumours of snap election also fuel rally Reuters, AFP [KUALA LUMPUR] Malaysian shares ended higher yesterday, driven by renewed talk the government would scrap a 10 per cent tax on capital gains on profits from foreign portfolio investments.
      Reuters,; AFP  -  408 words
    • Article
      Lock icon Korea stocks recoup initial 2% fall
      231 2 AFP. Bridge News [SEOUL] After earlier morning panic caused by news that Daewoo Group was being sued by a large French bank trying to retrieve its loans, South Korean share prices closed marginally down 0.54 per cent yesterday, as reports of a satisfactory meeting
      AFP.; Bridge News  -  231 words
  • Page 2 Advertisements
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      114 3 J V H a*-- -s *r A Ittt *«BL> I Pre b °o^" 6 They say good things come to those who wait. Welt, we're glad to let you know that the long awaited New Beetle is on the way here. And since we've had endless enquiries, we'd like to
      114 words
Page thumbnail Page 4
  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon 2 Meyer Rd sites could get $303m in en bloc sale
      476 4  -  Combined plots will be one of the largest freehold sites offered in years By'. Marissa Chew TWO potential collective sale sites along Meyer Road could be amalgamated into a large 196,063 sq ft site and the combined plot could
      CHRIS LOH  -  476 words
    • Article, Illustration
      Lock icon En bloc: Three up for tender, another possible in Newton/Novena
      519 4  -  Buckley Rd sites could spin $200 m worth of land deals By{ Carol Eng THE Newton/Novena area, slated as a major gateway into the city, is fast emerging as a treasure trove of en bloc sales. Three sites are already
      519 words
    • Article
      Lock icon S'pore eyes $1b output in optics and photonics
      336 4  -  By, Jennifer Lien SINGAPORE wants to become a centre of excellence in the optics and photonics industry and boost its output in this industry from last year's $150 million to $1 billion "in the near future". Announcing this at the second Optics/Photonics
      336 words
    • Article, Illustration
      Lock icon Volume of outgoing calls up 8.6%
      243 4  -  EYE ON THE ECONOMY Industry By Marissa Chew THE volume of outgoing international calls continued to grow in July, rising 8.6 per cent from last year to 73.07 million minutes. This is the fifth straight month that the volume of international calls has exceeded
      243 words
    • Article
      Lock icon Non-oil domestic exports seen up 10-15% in July
      484 4 Sustained growth in electronics, chemical exports cited AFXAsia SINGAPORE'S non-oil domestic exports are expected to have risen 10-15 per cent year-on-year in July following a 7.5 per cent rise in June, supported by sustained growth in semiconductor and chemical exports, economists said.
      AFX- Asia  -  484 words
    • Article
      Lock icon Banks may offer Net portal services soon
      457 4  -  Technology allows consolidation of many online services Reports by 1 Toh Han Shih BANKS in Asia, including Singapore, will probably start offering Internet portal services by next year, said FICS Asia Pacific managing director Steve Chu yesterday. FICS is a Belgian firm which
      457 words
    • Article
      Lock icon Asia-Pac e-commerce set to boom
      317 4 ELECTRONIC commerce in the Asia-Pacific region will undergo explosive growth in the next four years, according to a recent study by Dataquest, a US IT market research firm. "There is a gigantic multibillion dollar opportunity out there," Dataquest Asia Pacific senior analyst Lane Leskela told
      317 words
    • IN Brief
      • Article
        Lock icon Extending tax exemption for annuities
        75 6 THE government will look into extending tax exemption for annuities bought with the CPF minimum sum to annuities bought with CPF savings beyond the minimnwi sum, Finance Minister Richard Hu said yesterday. An inter-ministerial committee on the ageing population is studying the adequacy of retirement
        75 words
      • Article
        Lock icon Scholars get a stint in private sector
        80 6 THE civil service has been seconding government scholars to private sector companies for training and exposure. The companies include Shell International (London), Singapore Airlines and Singapore Power, Deputy Prime Minister Lee Hsien Loong said yesterday. Asked if there was any concern that these
        80 words
      • Article
        Lock icon Higher penalty for damaging cables
        117 6 LOSSES due to voltage dips—or momentary drops in the voltage levels in the power supply system—cost Ave high-tech companies some $3 million between August 1987 and November last year, Trade A Industry Minister George Yeo said yesterday. The figure does not include the cost of
        117 words
      • Article
        Lock icon Introducing electronic stamping
        88 6 ALSO passed yesterday: the Stamp Duties (Amendment) Bill and the Building Control (Amendment) Bill. The first bill provides for the introduction of electronic stamping, which allows lawyers and other users to e-stamp dutiable instruments in the convenience of their own offices. It also introduces a general anti-avoidance
        88 words
      • Article
        Lock icon Same rules for local, foreign doctors
        73 6 ALL doctors, whether Singaporeans or foreigners, are subject to the same regulations and medical ethics, Health Minister Lim Hng Klang said. This includes doctors from John Hopkins. Similarly, Johns Hopkins clinic itself will have to be vetted by the health ministry's Medical Audit and
        73 words
    • Article
      Lock icon Bankruptcy law changes: More can be done, say MPs
      527 6  -  Today in Parliament Govt looking into mediation as means to avert bankruptcy proceedings Reports by, Anna Teo MEMBERS of Parliament yesterday welcomed the latest changes in Singapore's bankruptcy laws but said more could still be done to foster greater tolerance for
      527 words
    • Article
      Lock icon A check on good, profligate govt, too
      265 6 THE objective of the elected presidency is not Just to guard against a dishonest government; it would be equally effective against a good, well-meaning but profligate government, Minister for Health and Second Minister for Finance Lim Hng Klang said yesterday. "This elected president
      265 words
    • Article
      Lock icon MAS sets guidelines for financial reinsurance
      587 6  -  Rules aim to ensare clarity, consistency in accounting treatment By Conrad Raj THE Monetary Authority of Singapore has laid out the rules on financial reinsurance in another effort to make the Republic the insurance hub of Asia and a worldclass financial centre. "The use
      587 words
    • Article, Illustration
      Lock icon Strategic win
      26 6 eesr.!^Bagsaaaaaaasi^ ™iO? ry commercial use- The awards are organised by the Rotary Club ofSirmLre and the Small and i^^iais^X Lu.l^F[Z^^'m^nHM^T^^t S^X^^WinneninClUd UsU CHRIS LOH
      CHRIS LOH  -  26 words
    • Article, Illustration
      Lock icon President-elect says he won't push interests of any special groups
      561 6  -  Nathan: Functions are already defined by the Constitution But Corinne Kerk, Rahita Elias PRESIDENT-ELECT S R Nathan yesterday said he had no particular agenda in terms of pushing for special groups or interests, pointing out that it was not his
      FILE PHOTO  -  561 words
    • Article
      Lock icon Travel, entertainment now 2nd largest cost after salaries: survey
      278 6 TRAVEL and entertainment (T&E) expense, which totalled $210,000 for an average company in Singapore, Is now the second largest controllable expense after salaries. This was among the findings of an American Express survey published In The American Express Survey of Corporate
      278 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      25 4 w m 0w" ~T 7" —WE Money Matters Ml Exchanging FX VieWs, TMking about Bonds I w |*«ej IX -Ijr-i' k.i,-# £«err Wednesday in THBBUSII#STIMES
      25 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      26 4 If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C JtuT.S. at 1800-737-1166. Another Classified Service
      26 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      219 5 ffiBßli»^^Bß^B^^^^B^^^Eßc!g£tv*, J -1 >. 5 f fc ji; ,*^®B c A v Ei U ut H' a Br ft B\ K S Bk V fl Hr. a K 9 E- IK" Mtet^n\, f nrrrt? ffflMWfr?nftre ftp a *'<-'? 9 BL HI n UK *S */l B B So, going through
      219 words
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      32 6 Classified First. Want to get a laptop? Or simply get computer savvy? Log on to the best site: Check The Straits Times Classified First. CATJSL j Buy It. Sell ft. Find ft.
      32 words
Page thumbnail Page 7
  • THE REGION
    • Article, Illustration
      Lock icon Jakarta gets computer chaos threat
      476 7 DILI, Indonesia Hackers will attack Indon systems if govt sabotages E Timor ballot, warns Horta A GLOBAL network of computer hackers would bring Indonesia to a standstill if Jakarta sabotaged this month's ballot on East Timor, the Sydney Morning Herald quoted independence leader Jose Ramos
      AFP  -  476 words
    • NOTE Book
      • Article
        Lock icon IMP studying common Asean currency
        91 7 Bridge News [KUALA LUMPUR] Malaysia's central "bank said the International Monetary Fund (IMF), on request from Malaysia, is conducting a study on the feasibility of adopting a common Asean currency for trade in and outside Asean. Bank Negara said this in reply to a recommendation
        Bridge News  -  91 words
      • Article
        Lock icon State of emergency possible in Aceh
        68 7 Reuters, AFP [BANDA ACEH] Indonesian armed forces chief General Wiranto said yesterday he may declare a state of emergency in the violence-torn province of Aceh if separatist rebels continue their guerilla war. Separately, mobs from two disputing villages in Indonesia's eastern Lombok island have
        Reuters,; AFP  -  68 words
      • Article
        Lock icon No charges against finance firm's ex-exec
        79 7 AFP [BANGKOK] Thai prosecutors have dropped fraud charges against a former executive erf a finance firm which coUapsed during the country's economic crisis, officials said yesterday. The charges against Pikulkaew Krairisk had been withdrawn because of a lack of evidence. Pikulkaew had been charged
        AFP  -  79 words
      • Article
        Lock icon Suharto may leave hospital today
        67 7 AFP [JAKARTA] Doctors treating ailing former Indonesian president Suharto, 78, for intestinal bleeding said he has regained most of his strength and could be released today. "He may return home within two days (Friday) but he stiU needs a few more days to regain his
        AFP  -  67 words
      • Article
        Lock icon Vietnam changing joint venture rules
        57 7 Reuters [HANOI] Vietnam is preparing draft rules that wiU provide a legal framework for foreign investors to get out of joint ventures and become whoUy-owned entities, official media reported yesterday. Several multinationals have recently become wholly-owned operations after their local partners were unable to provide
        Reuters  -  57 words
      • Article
        Lock icon Manila's budget deficit plans
        79 7 Bloomberg [MANILA] The Philippine government plans to borrow between US$3OO mUlion (Ssso3 million) and US$5OO million in October to finance its budget deficit, said Finance Secretary Edgardo Espiritu. Funds from the sale wUI be used to finance the nation's 68.4 billion peso (552.9 billion) deficit for
        Bloomberg  -  79 words
    • Article
      Lock icon Stanchart says it won't quit Bank Bali
      597 7  -  REGIONAL BANK WOES Issue's an isolated incident, not sign of general malaise From Shoeb Kagda in Jakarta UNITED Kingdom based Standard Chartered Bank said yesterday it would not pull out from its US$6l4 million (Ssl bUlion) investment in Bank Bali despite a financial
      597 words
    • Article
      Lock icon Fitch thinks Krung Thai's NPLs lower than auditor's estimate
      433 7 BANGKOK PwC says NPLs at 84%; bnt agency thinks it's 60-67% Reuters, Bloomberg CREDIT-RATING agency Fitch IBCA said yesterday it believed non-performing loan levels at Thailand's state-run Krung Thai Bank were sharply lower than an auditor's estimate. In a letter released
      Reuters,; Bloomberg  -  433 words
    • Article
      Lock icon IMF confident Thai GDP will exceed 1%
      308 7 BANGKOK AFP THAI Deputy Prime Minister Supachai Panitchpakdi said yesterday the International Monetary Fund (IMF) was confident the country's gross domestic product (GDP) would exceed one per cent this year. Mr Supachai said the IMF was pleased with Thailand's progress in implementing wide-ranging
      AFP  -  308 words
    • Article
      Lock icon Wanted: rupiah at 6,000-7,000
      226 7 JAKARTA Reuters INDONESIA'S top economics minister, Ginandjar Kartasasmita, said yesterday he would like to see the rupiah strengthen to between 6,000 and 7,000 (551.35-1.58) against the dollar. "Around 6,500 it is good, between 6,000 to 6,500 it is good and 6,000 to 7,000 is still okay,"
      Reuters  -  226 words
    • Article, Illustration
      Lock icon Delay US$6b debt repayment: Daewoo
      480 8 DAEWOO DEBACLE Ailing chaebol meets int'l creditors as French bank's suit threatens to scuttle restructure bid Bloomberg [SEOUL] Daewoo Group asked foreign creditors to delay repayment of US$6 billion (Sslo.l billion) in debt, even as a French bank threatened to scuttle its restructuring efforts by
      Bloomberg; REUTERS  -  480 words
    • Article
      Lock icon Seoul moves to check chaebols' control over finance firms
      364 8 SEOUL New laws aim to stop such firms from funding weak units AFP OFFICIALS yesterday worked on a series of measures to stop South Korea's mighty conglomerates monopolising loans from nonbanking institutions. The measures aim to prevent second-tier financial institutions, including
      AFP  -  364 words
    • Article, Illustration
      Lock icon China sees more devaluation risks than gains: BOC
      648 8 SHANGHAI Market conditions make move unnecessary: official AFX-Asia THE Chinese government has not renewed its political commitment against a yuan devaluation, but appears to believe that market conditions make such a move unnecessary at present and that the risks outweigh the benefits,
      AFX-Asia; FILE PHOTO  -  648 words
    • Article
      Lock icon 9 on trial in Guangdong's biggest forex fraud case
      213 8 BEIJING AFP NINE officials in southern China including two from the central bank are on trial for foreign exchange fraud involving 1.3 billion yuan (*****.2 million), the Legal Daily reported yesterday. It is the biggest fraud case to go to trial
      AFP  -  213 words
    • Article
      Lock icon India eases rules for software firms to list shares
      254 8 BOMBAY Bloomberg THE Securities Exchange Board of India (Sebi), the country's stock market regulator, eased rules to make it attractive for software companies to list their shares on local exchanges. Software companies can now sell as little as 10 per cent
      Bloomberg  -  254 words
    • Article
      Lock icon Muted debut seen for Hongkong govt's unit trust
      496 8 HONGKONG Retail investors need time to digest idea; fonds can bny bine chips themselves Bridge News, AFX-Asia EVEN as the Hongkong government is busy preparing to list a unit trust comprising a portion of the stocks it bought during its controversial stock
      Bridge News,; AFX-Asia  -  496 words
    • Article
      Lock icon China bans new consumer goods plants
      208 8 BEIJING Reuters CHINA unveiled yesterday the latest step in its campaign to end a glut of consumer goods that has caused deflation by banning new projects making products ranging from bicycles to liquor, Xinhua news agency reported. Beginning Sept 1, the State Economic and
      Reuters  -  208 words
    • ASIA Notes
      • Article
        Lock icon HK developers to cut residential prices
        84 8 AFX-Asia [HONGKONG] Developers are set to discount prices farther as the heavy supply of new flats increases competition for sales, the South China Morning Post said. It said estate agents estimate more than 16,000 new flats could be released this year and some worry
        AFX-Asia  -  84 words
      • Article
        Lock icon China upgrades drill to war zone level
        81 8 AFP [BEIJING] China has upgraded the status of military exercises in Gansu province to "war zone" level, military officials said yesterday. The use of the term of "Lanzhou War Zone" instead of Lanzhou Military Region—to describe the north-western site of the joint exercises
        AFP  -  81 words
      • Article
        Lock icon Interest rates on hold in Australia
        63 8 AFP [SYDNEY] Australia's central bank yesterday signalled that official interest rates would remain unchanged for the time being, with inflation low and the outlook consistent with its medium-term target. The economy was expected to slow down but the risk of a protracted slowdown had
        AFP  -  63 words
      • Article
        Lock icon Macau legislator beaten by gang
        71 8 Reuters [MACAU] Vitor Ng, one of Macau's veteran pro-China lawmakers and a business leader, was punched and kicked by a gang of youths yesterday, police said. It was the latest incident of violence as the Portuguese-run gambling enclave prepares to revert to China on Dec
        Reuters  -  71 words
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      214 7 I ttSO TAKE [ARE OF YOU. Ihe same attention tlicit wo have been lavishing onto .1 Volvo li.is now hem extended to something ei|tiall\ important Ihe ownvr hist tor vou. our business hours have been extended. \on v.an now visit our servk e u iitu 1 between M) am and
      214 words
Page thumbnail Page 8
Page thumbnail Page 9
  • THE WORLD
    • Article
      Lock icon UK property boom not an 80s bubble
      654 9 LONDON Many factors differ so there is little fear of an inflationary impact; survey Reuters IS Britain seeing a rerun of the 1980s property boom? As buyers scramble to beat rising house prices, it may seem to many as though the roaring 1980s
      Reuters  -  654 words
    • Article
      Lock icon Tietmeyer sees first signs of European growth: report
      294 9 FRANKFURT Reuters, Bloomberg BUNDESBANK president Hans Tietmeyer yesterday said he sees the first signs of a recovery in the European economy and that this should help strengthen the euro on the currency markets, according to a media report. Mr Tietmeyer, who sits
      Reuters,; Bloomberg  -  294 words
    • Article, Illustration
      Lock icon Levi's out to catch 'em young
      70 9 [SAN FRANCISCO] Levi s, the world's most famous blue jeans maker, opened a brand new San Francisco megastore on Tuesday aimed at making Levi's once again a must-havefashion item for youth with money to burn. A man and woman clad in Levis jeans sit
      REUTERS  -  70 words
    • Article
      Lock icon Y2K bug won't get the Internet down on Jan 1, say experts
      505 9 WASHINGTON Ops could fail in some cities bnt network will bypass local failures NYT SOFTWARE glitches will not shut down the Internet on Jan 1 because the world's largest computer network is "self-healing", capable of bypassing any local
      NYT  -  505 words
    • Article
      Lock icon US export demand helps Mexican Q2 GDP rise 3.2%
      341 9 LATIN AMERICA REBOUNDS Bloomberg [MEXICO CITY] The Mexican economy revved up in the second quarter after a bumpy start at the first of the year as strong US growth drove demand for manufacturing and set Mexico apart from its struggling Latin
      Bloomberg  -  341 words
    • Article
      Lock icon Brazil surprises again with Q2 growth
      536 9 Reuters [SAO PAULOJ Brazil gave fresh evidence on Tuesday that its economy is on a solid path to recovery by posting surprising growth in the second quarter, economists said. Gross domestic product (GDP) rose by 0.93 per cent last quarter from the first for
      Reuters  -  536 words
    • Article, Illustration
      Lock icon Bosnia bank collapse hits aid agencies
      534 9 WASHINGTON LAT-WP FOREIGN governments and relief agencies lost millions of dollars in the collapse of a bank in Bosnia that was triggered when the US Agency for International Development (USAID) called in loans that the bank could not cover, Clinton administration officials said on
      LAT-WP; REUTERS  -  534 words
Page thumbnail Page 10
  • EXECUTIVE Suite
    • Article, Illustration
      Lock icon Too late to jump on bandwagon?
      1188 10  -  While today's buyers may have missed the bottom of the property market there are certainly still ample opportunities, cobdqiekeiik reports CORINNE KERK THINGS are looking up and investors hoping to put their money in residential property can do so now with more confidence, say
      Source: URAV HDB  -  1,188 words
    • COVER STORY
      • Article, Illustration
        Lock icon Waiting for the next real estate cycle
        902 12  -  The seven-year cycle is a myth. Be guided instead by fundamentals that will ultimately determine prices, says omo choon p ah ONG CHOON FAH The writer is executive director at Edmund Tie Company A GAINST all expectations, residential property rebounded strongly early this
        FILE PHOTO; Source: Dept of Statistics,URA Edmund Tie & Co Research  -  902 words
    • HOME SWEET LOAN
      • Article, Illustration
        Lock icon Banks gearing up with new promotions
        1061 13  -  They are using the current lull in the home loans market to 'refuel' for the next round of the mortgage battle, reports ta* CLARISSA TAN PROM the drop in new properties being snatched up, to the fewer new property launches, to the lull in
        Compiled by BT  -  1,061 words
    • Article, Illustration
      Lock icon HOUSEHUNT
      2848 14 Property transactions for selected districts lodged between Aug 5 and Aug 16, 1999. SEEKf Cmr y£ ~,,K2! Promises Gdn Apt 12/07/1999 FH 1227 878 716 TYPE date (S$W0) Regency Park Apt 07/07/1999 FH 3175 3000 945 Ridgewood Apt 09/06/1999 999 1367 840 614 nictrirtno Ridgewood Apt 30/06/1999 999 2002
      2,848 words
    • SHOWCASE
      • Article, Illustration
        Lock icon Home in a secret oasis
        1043 15  -  In the first of a weekly series on prized properties in Singapore, cozumme kere talks to the designer and the architect of The Bayshore for the concept behind the award-winning project in the Upper East Coast area CORINNE KERK Driving into The Bayshore for the
        PHOTOS BY ARTHUR LEE  -  1,043 words
      • Article, Illustration
        Lock icon The Bayshore prices holding up
        322 15  -  Construction quality and design help boost its popularity By Peter Ow The writer is executive director (residential) at Knight Frank. THE Bayshore, launched in 1994, has seen strong transacted prices over the years compared with others in the vicinity. Just next door to this award-winning
        Source: SISV  -  322 words
      • Article
        Lock icon New homes for sale
        35 15 DEVELOPER DISTRICT LOCATION SIZE TOTAL UNITS NOOF PRICE TENURE WaLM§MMmMS^■ («lD LAUNCHB) UMTS SOLD* (Spsf) FH^ as at Aug 18 99. Note: Table will be updated fortnightly Compiled by Knight Frank
        35 words
    • BY DESIGN
      • Article, Illustration
        Lock icon Simple wish for house of comforts
        1525 16  -  Redas president Daniel Teo is looking forward to having more time to epjoy his 8,000 sq ft luxury bungalow, jaxbob ee checks out what draws him home JAIME EE IT'S just one of the greater ironies of life that the more one is able
        PHOTOS BY CHRIS LOH  -  1,525 words
      • Article, Illustration
        Lock icon Building your wine cellar
        1265 17  -  THE ADVICE COLUMN It's no Herculean task as w g toko takes you through considerations such as location, space and design N K YONG N K Yong writes the Wine Connoisseur column in Executive Lifestyle A CUSTOM-BUILT wine cellar in the home is not as difficult
        CHRIS LOH  -  1,265 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      161 10 JH^Hpi HBHPi :Ji I ■■■■■■■■■■bbbbhbhhhhi IT'S ALL THE THINGS WE PUT IN OUR HOME LOAN THAT MAKE IT IRRESISTIBLE. •4% p.a. fixed interest rate for first year •5% p.a. fixed interest rate •No restriction on CPF usage for monthly repayment Free fire terms and conditions apply.) For more information call
      161 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      104 11 HERE'S SOMETHING EVERY HOLLYWOOD STAR WILL WANT TO WIN. I, If t Jtm i HERE'S SOMETHING EVERY PROPERTY DEVELOPER WILL WANT TO WIN. INI|Sll(jl qpS> FOOOCEKTRE Of- »e« jnfr" j&T lll«*«\l ml >Gt *coa st bo i l■T 9K> u»«" '4 HBB I^l v; ass-..- Hi I fJI |||H3||| lip
      104 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      102 12 COLLECTIVE SALE BY TENDER PRIME RESIDENTIAL SITE AT DUCHESS ROAD Site Area Approx. 46,771 sq. ft. Tenure 999 years P ot Rat He '9 ht Control: 1.4 Up to 4 storeys QUIET VERY CONVENIENT. 5 minutes 'CJm?/ wa,k t0 Bukrt T,mah Road, Coronation Plaza, /W>Pf' /y/Y? Nanyang Primary School, Hwa
      102 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      129 12 TANGLIN PLACE Wg -MMT b H Jl WBiA Wgr' m jj Freehold iLw M Ideal as Corporate HQ or Flagship Store Distinctive Architectural Facade Prime location at Tanglin Road, within walking distance to Orchard Road Shopping Belt >aHaHC P«2otjHl 4-storey Commercial Building with 2 basements Gross Floor Area approximately 52
      129 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 3
      68 12 Collective Sele By Tender immtmnt s«ia* DENG FU COURT Residential Redevelopment Site No.a-aAStmAwEwt Srta Area 32.561 if iBSil 06P hot Ratio 1.4; Up to 4-atoray Fraahok) Walking Distance to Eunos MOT Station Tandar closing data: J2^ 15 Sap *99 Wad at 3 pn For further information ft tender documents, pleas*
      68 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      220 13 Wie provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full ftomtoce.man^ement,corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For further information
      220 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      1039 13 Bank of East Asia ANNOUNCEMENT OF 1999 INTERIM RESULTS INTERIM RFSIIITR I L fme dia sssee *JSS A. Consolidated Profit and Loss Account o"*** 1,844,298 1.748 146 Trade finance 3,608,945 3i882]211 6 months ended 6 months ended Loans lor use outside Hong Kong 17.026,949 17,593,727 3 Q|P^'999 3006/1998' Variance Total
      1,039 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      96 14 Pay FIXED INTEREST RATE from date nan [lltnßi °f f' rs t release NOT date of letter of offer IMLiiJS F° r housing loans without hidden conditions, call us —we have been financing homes since l c )5() We provide loans and financial assistance for /our Corporate and Personal Financing.
      96 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      64 15 Stacked-up Terrace Fectorles Allotted car and container parking in front of your unit. .68% 65% sold since Oct 1998. Location! Location! Superb frontage facing PIE Unique and successfully proven industrial concept Even 20-ft container trucks can drive up to every unit g Showunit at Übi Ave 1, Übi Road 3/TOP
      64 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      64 15 FOR SALE BY TENDER (Light Industrial Building) 2 Changi North Street I 3-storey modem, light industrial building Classy appearance Basement carparfc Land Area about 5,866 sq m (63.141 sq ft) Gross Floor Area about 8,058 sq m (86.735 sq ft) 30-year leasehold from I Apnl 1996 Tender closing date: 9
      64 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 3
      103 15 ■HfT jm jSsUU^AauBI I llj JAm| I a IDll iu li Block 9 Tanjong Rhu Rocid AT CHANCERY Exclusive accommodation in lush tropical surroundings Prime, exclusive residential area, serene surroundings Breathtaking seaview Minutes away from CBD close to Novena MKT station Minutes away from CBD and close to Changi Airport
      103 words
Page thumbnail Page 16
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      154 17 Where to wine, dine and entertain...^ Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. 1 $22 (Adult) £15 (Child) for 4 to 5 persons £20 (Adult) £15 (Child) for 6 persons above For reservations, please call 290 8005/299 9011. Pncanbftatotemctcktft ifgnmmcnttm
      154 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      25 17 CELEBRATE THE LAST CENTURY ILipp) flour* \(M)ptn in i ).(K)pm j I •r ill Ihi r |n r SJ t IM)» < Inc lit bits thai
      25 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 3
      60 17 jAi *Vi CITY THAI SHARKSHN RESTAURANT Braised Superior Shark's Fin w/Crabmnt^H|^y Braised Superior Shirt's Fin vwtrabmeat (i a*fix* per person) Braised Whole Abalone vWsupreme Mushroom A KaKan SambaJ Pomfrw Prepared in Thai Styte Crapy Fhed Golden Beancurd Baked King Prawn wrtermcett m Claypot Thai Styte Pineapple Rice Dessert A Choice
      60 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 4
      53 17 I J *t**i I I Weekday Special kineh Mj N l $4.50 null pgr itpn with one soft drink Mushroom and Chicken Noodle c (§oup/t)ry) j Toifiak j *pri« indud» KJVice and V I rdevßrt6cwnro«ntTM Ml I for "Reservation*; coll us at 430 4119 j 218 Queen Street. Singapore *****9
      53 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 5
      36 17 13 TO 20 AUGUST 1999 Buffet 1 J"vch |M $2«~. (adult) SlB—(child) Buffet Dinner i *tWM Wsw (adult) S2K.« (child) Venuc j The Belvedere (4dl Boor, Main Tower) Reservations: 831-6288 133 Orchard Road. Singapore 2 *****
      36 words
Page thumbnail Page 18
  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon NZ economy stuck in the slow lane
      660 18  -  THE BOTTOM LIKE OPINION By Manjit Bhatia The writer is lecturer in political economy at the University of Queensland in Australia THE New Zealand economy remains troubled Once dubbed the South Pacific's economic growth "model" standing almost in good stead with its Asian
      660 words
    • Article
      Lock icon IN OTHER WORDS
      150 18 'People will spend small fortunes on their dogs.' Marvin Rodman president of an investment firm, on Procter Gambles decision to buy a pet-food maker. Global pet-food sales are growing at 3 per cent to 5 per cent a year. 'I had a great 15 minutes. My 15
      150 words
    • Article
      Lock icon Sombre anniversary in Indonesia
      582 18 EDITORIAL AS expected, Indonesia celebrated its 54th year of independence in a sombre mood While the spectre of an economic meltdown has receded over the past 12 months, the countiy is still gripped by social unrest in some regions and faces continuing difficulties reviving its economy.
      582 words
    • Article, Illustration
      Lock icon Growth and well-being linked by a mere thread
      1010 18 Progress has been closely connected to market-driven economic expansion. Is this an error? IF STOCK MARKETS are any guide, this is a time of extraordinary economic optimism in the West, and in the United States in particular. Much of the excitement is
      FILE PHOTO  -  1,010 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      1098 18 Bash Jrt worrying habits SO NOW (George W Bush Jr) is trying to say that the only behaviour that's relevant is what happens after you're sworn in as president. Fine except that he's already boasted that fidelity is relevant before you're sworn in. The cocaine issue
      1,098 words
Page thumbnail Page 19
  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon BB King blues club to open in Times Square
      473 19  -  The 17,400 sq ft night clnb with restaurant is to start np in December By\ Susan Port [NEW YORK] Unlike most neighbourhoods that worry about nightclubs moving in, Times Square wants to be home to them, especially the new B B
      473 words
    • Article, Illustration
      Lock icon Big bucks for ex-world leaders
      1126 19 The most expensive charges up to U*****,000 per take od the US lecture circuit these days Reuters POR the powerful and famous, retirement may be the smartest financial decision they ever make. From British former prime minister Margaret Thatcher to former president George Bush to
      Reuters  -  1,126 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      1130 19 CRYPTIC CROSSWORD 10 Graduate or just one New Zealander (5) 11 Became a sailor to set a new 12 Team not assumed to be of star quality (8) 13 Artist returns two hours be- __pß_ fore noon (5) 15 j he I j Hr j j ps 15 Loads up
      1,130 words
Page thumbnail Page 20
  • MOTORING
    • Article
      Lock icon Auto Asia receivers face expiring COEs
      345 20  -  Rescue plan or move to liquidate troubled firm expected within two weeks All reports by Christopher Tan [SINGAPORE] One of the most urgent aspects of the Auto Asia debacle involves a stack of fast-expiring COEs or government-auctioned permits to own cars. Numbering up to
      345 words
    • Article
      Lock icon When offers are just too good to be true
      618 20  -  IBAR tblmbk v T There's often a catch to those wildly attractive promotions for cars, says Christopher tan CHRISTOPHER TAN THE motor trade is seldom short of "innovative" sales schemes. Alas, few are without catches. Take an Audi distributor's so-called "impossible"
      618 words
    • Article, Illustration
      Lock icon Catchy ad reels 'em in
      339 20 BMW campaign nets over 200 buyers with its 'more for trade-in' promise [SINGAPORE! BMW agent Performance Motors' "hook, line and sinker" ad campaign on a trade-in promotion for the 5201 has reeled in a catch of well over 200 buyers. The campaign, carried out in
      339 words
    • Article
      Lock icon Car rental suffers as demand lags
      212 20 [SINGAPORE] The car rental market is facing extremely depressed rates on the back of lower demand and stiffer competition. Rates for a brand new midsized vehicle could be as low as $1,600 per month, compared with around $2,000 for a two-year-old car a year
      212 words
    • Article, Illustration
      Lock icon Check these out
      136 20 [SINGAPORE] Two new models will jostle for buyers in the crowded midsize segment: Honda's new City and Mitsubishi's newest take on the Lancer The made-in-Thailand 1.5-litre City now has new "eyes" and tail lamps similar to those found in larger Hondas There will be an option for
      ARTHUR LEE  -  136 words
    • BUMPER to BUMPER
      • Article
        Lock icon Inchape reviewing HK Rover business
        101 20 INCHCAPE Motors International is reviewing its Rover distribution business in Hongkong, as it is in its other markets worldwide. According to an insider, Inchcape— the world's biggest motor distributor—is looking at the viability of the Rover business in the light of current developments. These included
        101 words
      • Article
        Lock icon Bookings open for New VW Beetle
        62 20 VOLKSWAGEN agent Car Cars has opened hnnkingy for the most sensational VW in a long time—the New Beetle—which will be launched here in December. The price of the two-litre car is $118,000 without COE (certificate of entitlement); and Car Cars is committing to a
        62 words
      • Article
        Lock icon Top rally driver Bournd here in Sept
        97 20 SINGAPORE'S Caltex Havoline Racing Team has signed on Peter "Possum" Bourne of New Zealand for what's probably a "six-figure amount". The top rally driver in the Southern Hemisphere has beaten world rtmmptons like Colin Mcßae and Tommi Makinen in some races. The 43-year-old
        97 words
      • Article
        Lock icon Ford-Mobil breakthrough
        118 20 A FORD-MOBIL team has made a breakthrough in the development of a petrol processor for ftiel-cell applications. Carmakers hail the ftiel-cell engine— which derives electrical power from chemical reactions —as the most viable alternative-ftiel choice. Ford and Mobil this week said they were on the brink of developing
        118 words
      • Article
        Lock icon Mercedes M-class in quality hitch
        104 20  -  Compiled by i Christopher Tan DAIMLERCHRYSLER has been forced to alter production procedures at its Mercedes-Bern M-class plant in the US. According to the German Suddeutsche Zietung daily, quality surveyor J D Power Associates had reported 235 problems per 100 cars at the which is
        104 words
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      71 20 brought to you by £pgj|jg9£ Any petrol can power your car, but Formula Shell XO does more. Its revolutionary formulation X cleans your engine as you drive, giving you a sillty, smooth ride. Powerful Vaporon™ energy boosters unleash extra energy the instant you step on your accelerator. It's the most
      71 words
Page thumbnail Page 21
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Planet Hollywood seeks bankruptcy protection
      627 21  -  Ong Beng Seng, S&ndi prince plan USs3om injection amid bond interest default By Conrad Raj [SINGAPORE] Businessman Ong Beng Seng and billionaire Saudi Arabian Prince Alwaleed Bin Talal are planning to inject US$3O million (Ssso million) into Planet Hollywood International Inc in an effort to
      ARTHUR LEE  -  627 words
    • Article
      Lock icon Omni Ind interim gain up 126%
      548 21  -  Company beats analysts'forecasts with $10.7 m profit By, Jennifer Lien [SINGAPORE] Omni Industries yesterday beat analysts' forecasts with a 126 per cent jump in interim net profit to $10.7 million. At a briefing, Omni chief executive Lee Kim Bock said second-half revenues should grow
      548 words
    • Article
      Lock icon Indon banking sector far from ready for new millennium
      697 21  -  HOCK LOCK SIEW Shoeb Kagda INDONESIAN banking stocks have taken a hammering of late as the sector has come under intense scrutiny following the Bank Bali scandal and the sudden change in management at Bank Internasional Indonesia (BII). Bank Bali and
      697 words
    • Article, Illustration
      Lock icon Bank stocks rebound on realisation of MSCI impact
      358 21  -  By( Clarissa Tan [SINGAPORE] Banks stocks yesterday rebounded strongly as the realisation sank in that the merger of Singapore banks' local and foreigntranche shares will result in a greater market cap weighting for them on the MSCI Singapore Free Index. Analysts said
      Source: Bloomberg  -  358 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article
        Lock icon NEAC proposes raising foreign ownership limit on KL brokers
        365 22  -  Council calls for consolidation through mergers, takeovers, closures From Eddie Toh in Kuala Lumpur THE National Economic Action Council (NEAC) has proposed to lift the foreign ownership level of Malaysian stockbroking firms. "The current stockbroking industry should be consolidated through mergers,
        365 words
      • Article
        Lock icon Half-time score
        127 22 As of yesterday, 61 SES-listed companies had released their financial results for the six months ended June 30,1999. They recorded a combined $2,S09.3m in group profits, up 59.4% over the same period last year. Excluding the mvm foreign companies listed on the local bourse, the increase was 97.7%
        127 words
      • Article
        Lock icon Omni Mold gain soars to $1.1m from $27,000
        185 22 [SINGAPORE] Electronics contract manufacturer Omni Mold registered a net profit of $1.1 million in the six months to June 30, compared with just $27,000 in the previous corresponding period. Turnover came to $9.8 million, compared with $6 million previously. Earnings per share
        185 words
      • Article, Illustration
        Lock icon IPS offers 13m shares to public at 55 cts
        409 22  -  By Teh Hooi Ling [SINGAPORE] Software contract manufacturer and printing company International Press Soft Com Ltd (IPS) yesterday offered 13 million shares to the public at 55 cents each as part of its initial public offering. In addition to the public
        CHRIS LOH  -  409 words
      • Article
        Lock icon Tan Cheng's interim gain up 26%, helped by associates
        373 22  -  Net HKs9lm profit; Nissan nnit sales np 61%, Sahara fell 40% Byi Christopher Tan [SINGAPORE] Vehicle distributor Tan Chong International's interim earnings rose 26 per cent to HKS9O.6 million (5519.6 million) mainly because its associates performed significantly better. The company, listed
        373 words
      • Article
        Lock icon Healthcare, M'sian businesses help lift PSC profit by 127%
        294 22 [SINGAPORE] Better performances from its healthcare division and Malaysian businesses helped Provisions Suppliers Corp (PSC) to more than double its interim net profit to $5.6 million. For the first half year to June, PSC's net earnings rose 127 per cent, much
        294 words
      • Article, Illustration
        Lock icon UOL sets up unit to sell exercise equipment
        426 22  -  United Lifestyle already has sole rights for wide range By\ Rahita Elias [SINGAPORE] Listed United Overseas Land (UOL) has set up a wholly-owned subsidiary called United Lifestyle to muscle in on the exercise equipment business in Singapore. Tan-Wee Wei Ling, a director
        CHRIS LOH  -  426 words
      • Article
        Lock icon Haulage and heavy equipment firm Tiong Woon gets listing nod
        270 22  -  It's expected to launch its millboard IPO this month By' Ven Sreenivasan (SINGAPORE] Haulage and heavy equipment specialist Tiong Woon Corporation Holding has received in-prin-ciple approval for a mainboard listing from the Stock Exchange of Singapore. The company, which specialises
        270 words
      • COMPANY Briefs
        • Article
          Lock icon EGM on SIA share merger, buyback
          103 22 [SINGAPORE] Singapore Airlines said yesterday it will hold an EGM on Sept 11 to approve the merger of Its Local and Foreign share tranches as well as a buyback programme. Among steps to effect the share merger scheme is the issuance of a special
          103 words
        • Article
          Lock icon Pac Can calls off China deal
          70 22 [SINGAPORE] Pacific Can Investment Holdings said yesterday its proposed investment in Chinese infrastructure projects had been terminated. It said the cooperation agreement with its counter party was automatically terminated on Aug 4,1999 after the six-month grant period lapsed. The company had entered into a
          70 words
        • Article
          Lock icon Wall Shing proposes 1-for-6 bonus issue
          44 22 [SINGAPORE] Diversified toy maker Wah Shing International Holdings has proposed a one-for five bonus issue. It said yesterday that the Stock Ryrhangp of Singapore had granted the company in-principle approval for the bonus issue of 75.6 million shares.
          44 words
        • Article
          Lock icon Li & Fung H1 earnings rise 23%
          45 22 Li Fung H1 earnings rise 23% Reuters [HONGKONG] Hongkong-based exporter Li Fung yesterday reported a 23 per cent growth in interim profit to HK$l93 million (Ss42 million) for the six mnntha June 30, and an 8.5 per cent growth in turnover to HKJ6.6 billion. Reuters
          Reuters  -  45 words
        • Article
          Lock icon New chairman for Malakoff
          44 22 AFX-Asia [KUALA LUMPUR] Malakoff Bhd said Abdul Rahman Maidin has been appointed chairman erf the company effective yesterday, replacing Mohd Ghazali Che Mat The latter resigned from his post as chairman and director of the company on Aug 16. -AFX-Asia
          AFX-Asia  -  44 words
    • COMPANIES
      • Article, Illustration
        Lock icon Telekom chief tells analysts foreign tie-up possible
        396 23 Bat he says it's not involved in any talks at the moment; rnmonrs of NTT deal Reuters [KUALA LUMPUR] Financial analysts said yesterday the head of Telekom Malaysia Bhd has hinted a tie-up with a foreign partner was possible, although Telekom itself was
        Reuters; REUTERS  -  396 words
      • Article
        Lock icon KFC's exec chairman quits, another sign of potential change in owners
        238 23 Shares up 6.6% as investors bet change will help company Bloomberg [KUALA LUMPUR] KFC Holdings Bhd, Malaysia's biggest fast-food chain, said Mohd Sarit Yusoh quit as its executive chairman, in further signs of a potential change in the ownership
        Bloomberg  -  238 words
      • Article
        Lock icon Public Bank doubles group pre-tax profit
        454 23 Bernama [KUALA LUMPUR] Public Bank Bhd doubled its group pre-tax profit to 300.9 million Malaysian ringgit (*****.8 million) for the six months ended June 30 from RM150.1 million recorded in the corresponding period of 1998. This was achieved on a reduced turnover of RMI.9
        Bernama  -  454 words
      • Article
        Lock icon S&P takes APP off credit watch, affirms its credit ratings
        247 23 Bloomberg News (SINGAPORE] Asia Pulp Paper Co, one of Asia's biggest paper companies, has emerged from Standard Poor's credit watch and its credit ratings affirmed. S&P, which put the Singa-pore-based paper producer on credit watch with negative implications in March
        Bloomberg News  -  247 words
    • COMPANIES/FINANCE & COMMODITIES
      • Article
        Lock icon Dell Q2 earnings jump 47%, beating analysts' forecast
        422 24 PC maker reports USsso7m profit, revenue op 42% toUSs6b NYT, Reuters [AUSTIN, Texas] Dell Computer Corp, which rarely surprises Wall Street, stepped out of character on Tuesday. In earnings announced after the market closed, Dell beat Wall Street's expectations by two US
        NYT,; Reuters  -  422 words
      • Article, Illustration
        Lock icon Prada close to Jil Sander agreement
        122 24 FT [MILAN] Prada, the acquisitive Italian fashion group, was poised on Tuesday to snap up a controlling stake in Jil Sander, one of Germany's leading design houses, as part of a summer shopping spree that aims to build Prada's fashion labels worldwide. The German
        FT  -  122 words
      • Article
        Lock icon Lycos' milestone: It turns in an operating profit
        423 24 This proves viability of the Web as a business model: MD Reuters [NEW YORK] Internet media network Lycos Inc said on Tuesday it reached profitability in its fiscal fourth quarter on an operating basis, calling it a milestone for the company and
        Reuters  -  423 words
      • Article
        Lock icon Iridium tries to stave off bankruptcy
        326 24 Shareholders asked to accept 40% drop in their stakes FT, Bloomberg [NEW YORK] Iridium, the US satellite phone operator which entered bankruptcy proceedings on Friday, is demanding that shareholders accept a drop of more than 40 per cent in their stakes, as part of
        FT,; Bloomberg  -  326 words
      • Article
        Lock icon World gold demand hits record in Q2
        260 24 Reuters [HONGKONG] World gold demand rose 16 per cent in the second quarter year-on-year to a quarterly record high of 810 tonnes, the World Gold Council (WGC), a gold mining industry group, said yesterday. Gold demand in Southeast Asia and South Korea was
        Reuters  -  260 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Strong buying drives futures higher
        228 25  -  mi Reports MSCI Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market rebounded smartly yesterday following the overnight release of tame US July Consumer Price Index data. The market also thrived on news of a possible postmerger upward re-weighting of local banks in the
        228 words
      • Article
        Lock icon Futures extend fall on rate hike fears
        171 25  -  MS& Taiwan Mures Cecilia Loh Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract extended its faU for the second day, posting a loss of 8.70 points yesterday. The underlying benchmark Taiwan Weighted Price Index plummeted 89.72 points to close below the
        171 words
      • Article
        Lock icon Oil prices stay resilient
        266 25 ENERGY REPORT Reuters [LONDON] OU prices edged a little lower yesterday from near 22-month highs despite an unexpected rise in US gasoline stockpUes. Benchmark North Sea Brent crude for October loading traded down seven cents at U5520.67 a barrel, in striking distance of a recent US$2l
        Reuters  -  266 words
      • Article
        Lock icon CURRENCY REPORT
        338 25 AFP, Reuters lionJon THE yen zoomed to sixmonth peaks against the US dollar and life highs against the euro yesterday amid talk of mounting demand for Japanese stocks and in the absence of intervention by the Bank of Japan. The dollar slumped as far as 111.66 yen, its
        AFP,; Reuters  -  338 words
      • Article, Illustration
        Lock icon Untitled
        1159 25 PtTEEBAWK CROSS RATES Aunls -> Uw ffr D« MK$ Taa Wm «t jQNfctt H*> S$ tmt Sfr jft 8«t Pmtt US SSf 7 ,M2 °'"9 1051 ***** 0.747 7.854 2.473 1227 33.******34 1085 1953 0.983 20.*****.777 0.402 0*47 anm 5.237 *****50.084 0.743 1114 2.563 1276 34.988 26.725 1.132 4.121 <025
        1,159 words
      • Article
        Lock icon Untitled
        1713 25 SICOM I'UTUhES Aug 18 RMKR (Mm data* at SJOm) RSS1 CONTRACTU cwtsAq) CtoM VotWM Opofl Mowth Lwr SUt (twnw) mtfwt »99 92.75 1200 99 9525 200 Nov 99 96.75 96.75 96.75 (00 300 Doc 99 99.50 300 itc/Ut 00 102.00 300 Apr/J» 00 105.50 A*/Sop 00 M50 ISS 3 CONTRACT
        1,713 words
    • Article, Illustration
      Lock icon HONGKONG
      1510 26 AFP Q Hang Seng +209.94 HONGKONG share prices closed up 1.6 per cent yesterday after breaching the 13,000 mark again at one point, following overnight gains on Wall Street. "The rally in the market was due to Wall Street's gains and easing of worries over (possible) US interest rate
      AFP  -  1,510 words
    • Article, Illustration
      Lock icon CHINA
      532 26 AFP nShenzhen Blndex -0.07 SHENZHEN'S hard currency B shares closed easier yesterday despite a series of strong earnings reports. Brokers said buyers remained cautious amid concerns that other companies may surprise the market with weak results and lingering worries about tension with Taiwan. The B Share Index finished down
      AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  532 words
    • Article
      Lock icon TAIPEI
      310 26 AFP □*P Index -89.72 TAIWAN share prices closed 1.1 per cent lower yesterday to breach the support level of 8,000 points on profit-taking following gains of 11.8 per cent over the past four sessions, dealers said. "Profit-taking set in as the index approached the resistance level of 8,200 points,
      AFP  -  310 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2156 26 Into striata *0*17 N1 *h 31 Croup 8.26 -0 0« AOPey National KX26 -0.28 A B Foods 4.08 -022 A 8 Ports 3.21 0.05 Alliance t UiCMtor 8.09 -0.K3 Allied Domecq 5.37 -0.12 ANied Zurich 7.17 -0.14 Arxjto American Gold 43.70 unch ASOA Group 2.20 unch Bon*
      2,156 words
    • Article
      Lock icon TOKYO
      1655 26 AFP Nikkei 225 +32J7 TOKYO stocks lost their early gains yesterday to close just 0.2 per cent higher, hit by a surge in the Japanese yen. The Nikkei 225 Index rose 32.17 points to finish at 17,892.26, marking its eighth straight gain. The Topix Index of all issues on
      AFP  -  1,655 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Lock icon Untitled
        7500 27 MDUSTMJU.S 1999 Last Vol Dav Nat r M m» L— Cin»» Sf "OOP High lit P/t f* 440 255 A(inomoto 310 -19.7 125 6 174 46 Angkasa 100 2 130 100 94 147.5 404 220 Apollo Food Hlg 310 to.S 1240 'J5 L rKl W7 2 318 191 177 6.9
        7,500 words
      • Article, Illustration
        Lock icon KL shares up on fresh rumours of snap polls
        380 27 AFP Composite Index +9.33 MALAYSIAN share prices closed up 1.2 per cent yesterday in volatile trade amid fresh rumours of a snap election, dealers said. The Kuala Lumpur Stock Exchange Composite Index gained 9.33 points to close at 760.80. The lesser
        AFP  -  380 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Lock icon UOL wrts: more time or better gearing?
        214 28  -  WARRANT WATCH -By R Sivanithy UOL's new warrant made its debut yesterday and closed at 65 cents, showing there was some benefit going through the conversion process. It's worth comparing it with the existing UOL warrant to see if there's any mis-pricing. The
        214 words
      • Article
        Lock icon Untitled
        2066 28 BONOS, LOANS t WARRANTS Vat Day Last Ouata Avq High Low Stnc Company Sat* **f- COOO) High Law Buyar Sallar Prlca '04 3 s 3160 *Acar W*****1USS 45.5 *5.5 376 46 41 45 45 5 80 4.5 s 3164 Acma ******4 35.5 *7.5 201 35.5 29.5 35 36 32 59
        2,066 words
      • Article
        Lock icon CLOB INTERNATIONAL
        214 28 HOMKOM STOCKS Or Gr 52 V* Day LwtOwte CMv Otv YM N«t M Cap High L— Stn» Cwn0«ry Ut» rOOO) Hl» L—» Puy** StUr Cw P/I $<n« 365 173 5123 CDU2000)H« 270 -7.5 10 270 270 272.5 277.5 8 17 3 9.2 ***** 5124 CatlMy P«e 20c HK—720
        214 words
      • Article, Illustration
        Lock icon JAKARTA
        644 28 AFP P Composite Index +0.88 INDONESIAN share prices closed slightly higher yesterday on strong regional markets and a firmer rupiah, dealers said. But they said the day's gains were capped by losses in Telkom amid reports it may sell its stake in Satelindo. Telkom later denied the report. The
        AFP  -  644 words
      • Article, Illustration
        Lock icon BANGKOK
        865 28 Q SET Index -L 56 THAI shares prices closed 0.38 per cent lower yesterday on profit-taking, dealers said. There was little market reaction to the central Bank of Thailand's announcement that the financial sector's non-performing loans had improved slightly at the end of June. The Stock Exchange of Thailand
        865 words
      • Article
        Lock icon MANILA
        318 28 AFP □Manila *11M PHILIPPINE share prices rose 0.9 per cent yesterday due to bargain-hunting after a 4 per cent fall the previous day, analysts said. The Philippine Stock Exchange Composite Index rose 17.96 points to close at 2,105.09. Volume fell to 1.2 billion shares worth 2.4 billion pesos from
        AFP  -  318 words
      • Article
        Lock icon SEOUL
        405 28 AFP D Composite Index -4.76 SOUTH Korean share prices closed down 0.54 per cent yesterday but reports from a meeting between the Daewoo Group and its foreign creditors prevented a steep fall, dealers said. The Korea Stock Exchange Index closed down 4.76 points at 868.94. Volume was 324.3 million
        AFP  -  405 words
      • Article
        Lock icon SYDNEY
        639 28 AFP QAD Ordinaries +38L0 AUSTRALIAN share prices closed up 1.3 per cent yesterday as investors took heart from benign US consumer price data, brokers said. The Australian Stock Exchange's key All Ordinaries Index gained 38.0 points to 3,026.0. Turnover totalled 401.6 million shares worth AJ1.17 billion. The All Industrials
        AFP  -  639 words
      • Article
        Lock icon WELLINGTON
        284 28 AFP H Wellington +M 6 NEW Zealand's share market yesterday shrugged off a more hawkish than expected statement on tighter policies from the Reserve Bank to close up 0.4 per cent. The NZSE-40 Capital Index ended 9.66 points ahead at 2,198.05 on modest volume of NZ$B2.5 million. —AFP US
        AFP  -  284 words
    • Article
      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      7077 29 Transaction date Aim 18 j v rcwo, mP u, ■JT'tL 5 p£ MUiTMNOUSTKY 182 17.5 m b '000 Acma 50c 124 *5 485 124 118 123 125 10 3.3 4 KU 205.1 123 84 25 e 1217 AHianc. Tach 42 *4 23 42 40.5
      7,077 words
    • Article
      Lock icon SESDAQ
      1344 29 M ll> _V« On LaatOiieU H( W M cZ A™ Ciiiiii »ate a/* fOOOQ t—l Um mrrrn hfcr Cw W jS Prtee 2J8 30 c 204* AS Aula 10c 182 *13 293 182 170 1*1 182 ION 0.5 2073 m 137 45 2051 ASj hkxji 20C 98 *18 9
      1,344 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Lock icon Untitled
        407 30 DSZsamBEHHBi Stacks Votum* •Gentinq Int 41.523.000 Asia FoodiProp USS 39,831,000 Hotung Inv NT5 22,679,000 Golden Aqri USWc 21,080,000 IPC Corpn 5c 13,643,000 DragonLand 10c 12,819,000 •TanChonglntSOc 12,429,000 LionAsiapac25c 11,258,000 SingTel 15c 10,609,000 Cagle Brand Hldqs HK75c 8,776,000 Mwfct City Dev 50c 35,092,829 SingTel 15c 30,641,227 DBS Foreign 29,627,113 *TanChongtat50c 27,853,650
        407 words
      • Article, Illustration
        Lock icon Market shakes off lethargy, thanks to triple boost
        622 30  -  STOCK MARKET COMMENTARY Sharp rebonnd helped by easing of rate fears, bullish MSCI weighting news, and hopes of strong trade data By R Sivanithy AN easing of US interest rate fears and a sudden realisation yesterday that banks' weightings in the MSCI
        622 words
      • ON THE GRAPEVINE
        • Article
          Lock icon Ears wide open
          99 30 IT was small-talk time at a recent business lunch in a local Italian restaurant. Almost inevitably, someone at the table started talking about the psycho-sexual movie Eyes Wide Shut. Well, everybody's talking about that movie, right? One lady had watched the Stanley Kubrick film overseas and was
          99 words
        • Article
          Lock icon New names for battered stocks
          88 30 HERE'S the latest from the stock market. Now that the local bourse is showing signs of perking up again, brokers are quickly changing the nicknames they had given to some recently bombed-out stocks. When the crunch came, newly-listed Indonesian plantation stock Golden Agri was tagged
          88 words
        • Article
          Lock icon Merrill Lynch appoints V-P
          82 30 MERRILL Lynch has appointed David M Williams as vice-president and head of its dedicated Asia Pacific Internet investment banking group. Mr Williams, who will be based in Hongkong, will focus on further developing the bank's Internet investment hanking business in the region. He comes to Merrill
          82 words
        • Article
          Lock icon Multi-Purpose Bank's new CEO?
          75 30 YVONNE Chia, chief executive officer of Malaysia's RHB Bank, may become the CEO of the bank's new parent, Multi-Purpoee Bank. Multi-Purpose Bank will take over RHB Bank and 10 other financial institutions as part of the banking consolidation process in Malaysia. The asset base of Multi-Purpose
          75 words
        • Article
          Lock icon No time to cool down
          134 30 Looks like we are having some pretty busy people in the property business these days. If you call Jones Lang LaSalle property consultancy's investment sales director Terence Tang now, his voicemail says he's on leave till the 20th. But work volume is presumably so high
          134 words
      • Article, Illustration
        Lock icon HOT STOCK
        70 30  -  -By Ven Sreenivasan LOSS-making computer maker IPC Corp's stock saw a technical rebound after going into a steep slide for the better part of the last two months. However, the technical charts suggest that the pick-up may be short-lived. The 15-day RSI is still neutral, while the MACD
        70 words
    • SHIPPING TIMES
      • Article
        Lock icon FREIGHT MARKET
        303 31 Bridge News Reuter THERE was talk of a couple of cargoes being worked on the US Gulf to Japan run in both Ptwanwt and Kanriymay sizes. But generally the level of activity remains low. Aframax rates from East Coast Mexico were hiked to worldscale 127.5 due to the
        Bridge News; Reuter  -  303 words
      • Article
        Lock icon MARITIME STOCKS
        227 31 CW W»«Tieotion U6 010 J4 Chuafl Hue L26 (X04 «8 CoaMlMMtmant 125 urvcf 21 frataM Unki 033 0.03 W oeittdhn* o.« 0.03 is HMSunHup 0.71 0.02 an HKHaMmp-Hft—5 60 gnck 0 Hs 2if3 Ka*«KLS US 0.09 790 M»pa< Marina 2.03 OOS 448 Kappa<T.la 2.04 0J9 933 Lahroy Marin*
        227 words
      • Article
        Lock icon UK to detain ships if they're not Y2K ready
        463 31  -  Britain latest among port states to issue such a warning to shipowners By. Marcus Hand [SINGAPORE] Britain'is the latest among port states to warn shipowners that their ships could be detained at the country's ports if they have not taken precautions
        463 words
      • Article
        Lock icon Guide to S'pore Strait to be launched on Sat
        212 31  -  By Marcus Hand [SINGAPORE] A guide to assist mariners in safe navigation of the Singapore Strait is being launched this weekend by the Singapore Nautical Institute. The "Guide to Safe Navigation of the Singapore Strait" is designed to help simplify navigation
        212 words
      • Article, Illustration
        Lock icon Austal-built catamaran to serve Bali
        77 31 CA—.-188 —4? f "r* -fc*» [SINGAPORE] Australian fast boat and ferry builder, Austal Ships, has delivered its third vessel to Indonesia. The 44-metre cruise catamaran, Geka 2000(above), was handed over to Bounty Cruises and will serve Bali's waters as a passenger ferry, day cruiser and
        77 words
      • Article
        Lock icon Vancouver port strike may end with breakthrough in truckers talks
        330 31 Bridge News [WINNIPEG] A crippling onemonth strike by independent truckers at the Port of Vancouver may see an end with a breakthrough achieved yesterday in talks between the strikers and trucking companies. Labour Relations Board facilitator Brian Foley said that
        Bridge News  -  330 words
      • Article, Illustration
        Lock icon S'pore ship registry hits 23m gt mark
        225 31  -  -By] Marcus Hand [SINGAPORE] The Singapore Registry of Ships has hit the 23 million gross ton (gt) mark with the addition of A P Moller Singapore's newest very large crude carrier (VLCC) the Elisabeth Maersk. The 158,187 gross ton VLCC Elisabeth Maersk was
        FILE PHOTO  -  225 words
      • Article
        Lock icon S'pore to hold int'l conference on oil pollution next month
        197 31  -  9f S Shivani [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) is holding its first International Oil Pollution Conference Exhibition 99 (lOPCE 99) next month. The three-day conference, from Sept 1 at the Orchard Hotel, will look at a
        197 words
      • Article
        Lock icon Ports of Auckland's profits down 23%
        255 31 Bloomberg [AUCKLAND] Ports of Auckland Ltd, New Zealand's largest port operator, indicated second-half profit fell 23 per cent, dragged down by redundancy costs as the company cut staff. The Auckland-based company's indicated profit in the six months ended June 30 fell to NZ$l5.3 million
        Bloomberg  -  255 words
      • Article, Illustration
        Lock icon Attacks in Asia seen rising
        763 32 PIRACY Shipowners want better enforcement of anti-piracy laws but hold little hope of reducing piracy soon Reuters [SINGAPORE] INTERNATIONAL shippers are growing more pessimistic over Asia's ability to control the rise in marine piracy and viciousness of pirate attacks. "I don't think the countries involved
        Reuters; FILE PHOTO  -  763 words
      • Article
        Lock icon SHIPPING SCHEDULES INDEX
        180 32 PAOC Dp* Lloyd 8 ACL 6 Dongnama 3 ANL 3 ECULinc 6 Accord ECL AppensNp 5 6 Austral 8 FoohqSmb 8 B«U|i Shpg 5 GU 4 iy Gemartrans 6 B'tang Mas 8 H4n, 7 cm CHA 4 HvwM T COSCO 5 ICTS 3 CSAV 5 Interasta 7
        180 words
      • Article
        Lock icon SHIPPING GUIDE
        19415 39 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT I™ Afhwrtiwr V«$* Voyago TaNpftona ETA ETA Advartlsar Vtsu I Voyaga Taiapftona SIN Owfi N— Nun Numfcar Number SIN Dast'n Name Nam* Number Mumhar To tRiniiy UB ItMAt 12/09 Ev*rgra«n HANJIN CHEJU 4*1 65-*****1 To ABIDJAN (ABJ) 2003 Cote 0 Ivoire 01/09 12/0* Hanjin hj
        19,415 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        672 43 VoyNo Bfth AfrtwJ Dggtw Jwm hrt awwon ***** J* 18/08/1.20 19/08/1300 02* JIT 18/08/5 JO 19/08/6:00 •••> JOI 18/08/8: W 18/08/15.00 f 0899 J01 18/08/8:20 W/08/600 SjcCjpricor *****9 JI2 */00/7:45 18/08/1900 108,9 JOI 18/08/8:00 W/08/2000 80,99 303 18/08/8:00 18/08/23:00 0MUW9 JOI */08/900 18/08/13:00 MrUi ***** JOI 18/08/9:45 18/08/18:00
        672 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1515 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Booklng/Bolanco Rrtts SMp Voy Wo Etb/Btr Portod From To Fro* ta U*y 020t 20/0700 M WBOO W1659 W1900 wboo wiw wmo it wmo worn imno n VM MM MM* i wotoo ww n/mo 4 WBOO (VMM ni1T00 m 2V2J59 M
        1,515 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        191 43 Aa| 29 Philippines: National Heroes Day. Aog3o United Kingdom: Summer Bank Holiday. Aug 31 Malaysia: National Day. S«pi Mexico: State of the Nation (optional). Sop Canada: Labour Day. Luxembourg: City Kemesse. United States: Labour Day. Bop 15 Japan: Respect of the Aged Day. ■vie Independence Day. Sop 28
        191 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        791 43 THIS report, compiled by Cockett Marine OH Ltd. shows price range* In US dollar* Instead at tingle prlcee 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 the Individual
        791 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        456 43 IN Mu 990.0 11 173 0.09 72 Vf *1 12 Motor tw16no Art HlwMw SiOnirt No tftow E25 0 1 1 0 0 1 «H/H 380 Aw 9010 14 143 0.07 38 0.02 ta» MO Mu 1005.0 23 18.3 0.13 235 0.0* M/W %M/N %MAI mi
        456 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Seoul on alert for GPS mishaps in air and sea
        409 44 Korean air, Asiana well prepared for date change this weekend Reuters [SEOUL] The South Korean government is to be on the alert this weekend for mishaps involving aircraft and ships that could arise from the malfunctioning of a satel-lite-based navigation
        Reuters  -  409 words
      • Article, Illustration
        Lock icon Russian prowess
        38 44 [MOSCOW] An MIG 31 fighter stands in the midst of a crowd filling the airfield ofIV International Air Space Saloon MAKS 99 during the opening ceremony in a Moscow suburb. The show ends on Sunday. REUTERS
        REUTERS  -  38 words
      • Article
        Lock icon United says sorry with bonus mileage
        340 44 Prominm paflflftflfflrfl who were delayed at O'Hare airport get 2,500 miles Newsday United Airlines says it is sorry, and the largest US air carrier is handing out frequent traveller bonus mileage to prove it. The company sent apology letters to thousands of customers who
        Newsday  -  340 words
      • Article, Illustration
        Lock icon Japanese airlines fill more flights, but revenue may be down
        417 44 Bloomberg [TOKYO] Japan Airlines Co, All Nippon Airways Co and Japan Air System Co said they carried more passengers during the peak summer travel season than in the same period last year, yet analysts said revenue may have fallen. Figures
        Bloomberg; FILE PHOTO  -  417 words
      • Article
        Lock icon No decision yet on second Sydney airport
        198 44 Reuters [CANBERRA] The Australian government was unlikely to announce a decision on a proposed second Sydney airport at Badgerys Creek with Cabinet not expected to finish discussion on Tuesday, a spokesman said. "I'm a little bit doubtfiil about that. They have a lot
        Reuters  -  198 words
      • Article
        Lock icon Airlines urged to prevent unruly passenger conduct on board flights
        370 44 NYT [WASHINGTON] Amid growing tension in the once friendlier skies, airlines are cracking down on unruly passengers, summoning police to make arrests and banning customers for life from their planes. What is missing, say some in the travel industry, are
        NYT  -  370 words
      • Article
        Lock icon HK airport blackout delays flights
        244 44 Reuters [HONGKONG] A partial power failure at Hongkong airport delayed departure of three flights and caused some disruptions in the airport's commercial operations, the Hongkong Airport Authority said. Cathay Pacific Airways Ltd's flights to Los Angeles and Kuala Lumpur as well as Dragon Airlines' flight
        Reuters  -  244 words
      • Article
        Lock icon Direct S'pore-Dalat flight approved
        191 44 Reuters [HANOl] Vietnam has agreed to establish a direct air link between Dalat in the central highlands and Singapore but it may take time to start flights because of poor demand, an aviation official said yesterday. "There is no real interest in tourists flying straight to
        Reuters  -  191 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        959 44 CITY fUOHT ETA FU6HT ETO S***** 2350 MMMi AJW229 2230 LH6373 2355 LM6380 2230 $02* 2355 SOm 2230 FMaMa SOUP 0105 kmsttrfm 6A972 0010 9mm*m S0604 1020 KLia 2300 Mrtwi mm ra mm ws 5084 2330 Ho CM MM SOT72 0930 mm »3« 2250 S0I74 M09
        959 words
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      110 21 1^ mp^W I T* 1 he -Reserve de Marche-. In white gold and in yellow gold. It tells r you the time of day to the second. Unerringly. It tells you the date. It even tells you how much power it has left Most of all, it says a lot
      110 words
Page thumbnail Page 22
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      1039 23 rTAnCHOnG TAN CHONG INTERNATIONAL LIMITED (Incorporated in Bermuda with limited liability) INTERIM RESULTS The Board of Directors of Tan Chong International Limited is pleased to announce the following unaudited results of the Group for the six months period ended 30 June 1999 together with the comparative figures for the corresponding
      1,039 words
    • Advertisement
      Lock icon Page 23 Advertisements Column 2
      21 23 DACC 0000 J** "I z 4 51'..■■ I: 3L i: 1 St TAN SCOTT? LEVEL 3 iUNTEC CITY MALL »0•-061'Of 3
      21 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      140 24 vw.v.v^.v«vv«v.v.vv.v.v^.v.v.v.v.vv«v«v/.v.v The Pleasantest Place In The City. m ||P~'€ y All's not what you'd come to expect at the new Californian cuisine. Complemented by a touch of Billy Bombers American Classic. Indulge in a fine swing, a dash of jazz, a sprinkle of romance and menu of red and white
      140 words
    • Advertisement
      Lock icon Page 24 Advertisements Column 2
      99 24 FORD MOTOR CREDIT COMPANY f-1,-. r p.*. Flooring nut r»cnes Due February 13, 2003 Common Coda No.: ******3 ISM No.: U*****97 RV7» CUStP No.: *****7 RV7 In accordance with the terms of die document! governing the above-refer-enced Notes, notice u hereby given that the Interest Rate per annom for the
      99 words
Page thumbnail Page 25
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      34 26 Hello, 1^ saw your /Dingd was '*N "t J ft TIK l uIZTSI Buying or selling through The Straits Times Classified is child's Play. J they're so jf*' I Call CAT.S. at 1800-737-1166. ...SIJ
      34 words
Page thumbnail Page 27
Page thumbnail Page 28
  • Page 28 Advertisements
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      58 29 Sole Distributor Main Service Centre: I O y T%TT^Ol' THE SWATCH GROUP SEA. (S) PTE LTD LU I Cfl ICO LIOiVCTI iV J£S 438 A Alexandra Road *05-03/04 Alexandra lechnopark y Singapore *****7 Tel: *****88 Fax: *****96 I /j| 1 •01-23 piaL^gapu^Td' *****17 l/UIvCV I L'ELEGANCE DU TEMPS DEPUIS 1632
      58 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Lock icon Page 30 Advertisements Column 1
      1311 30 Toot^ac^c" 1 See your cientist Investment advice 7 Get the Best Call us at 323-3955 >!<[ HtSBANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 (§7 matahari FIRST HALF RESULTS 1999 Pioneer of Indonesia's Modern Retailing Operating Income 365% During its meeting of August 12, 1999, the
      1,311 words
    • Advertisement
      Lock icon Page 30 Advertisements Column 2
      62 30 ikt I warma Wfeak free! If Its time you take a break, explore the Travel Section in the Classified. Whether its a leisurely cruise, a free 'n' easy adventure, or a convenient packaged tour, visit Classifications 570 to 599 for a wide choice. I Buy tt. Scfl it. Hnd H.
      62 words
Page thumbnail Page 31
  • Page 31 Advertisements
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      192 32 m Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Asia, North America and Europe, you're always in touch with NYK Real-Time Shipping Information y (global home page) www.nykline.com (for USA rates) www.na.nykline.com SENLIM AGENCIES PTE. LTD. 133, Naw Bridga Road, MXHM, Chinatown Point
      192 words
    • Advertisement
      Lock icon Page 32 Advertisements Column 2
      586 32 Unm MtvteM raprMwitod byM*mb«,Oltt»R«gttryo< g(g&k AocrKSM SNpptng Agents. Singapore Fright Forward* Sfrof Niton* Shipping Amoc A»oc«ton. ULY UNE MALE Ivissa I voy liu nm Titt t. KUM6 SfOtl MALE Empress Lily V 0499 21/08 23/08 31/08 Princess Lily V 0899 10/09 12/09 20/09 Empress Lily V0599~ 30/09 01/10 08/11 ULY
      586 words
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Lock icon Page 33 Advertisements Column 1
      1029 33 SAX StRVKE (DIRECT) rasa wr sum lax o« |an I hdii 100 Icq w> I I ntc IAVm om U/B» 02/W 07/W 07/W 10/W 10/W 10/W 10/W 11/W 11/09 AftIUMUOBt 0271 25/01 W/W 14/W 14/W 14/W 15/W 15/W 15/W U/W U/W MliMOm 0141 01/09 14/W 21/09 21/W 22/09 23/09 22/W
      1,029 words
    • Advertisement
      Lock icon Page 33 Advertisements Column 2
      1879 33 OHANJIN SHIPPING SikF 1 HkWfl" -Sd» *****30 HANJM SMPPMG ft) PTIITD 7r» a* H SAIB *****74 230 DOCUMENT 73*771 274 OPHUJIOOS 23M*****1 UNO UK *****5S FAr *****01 (IM I ISMtIQOOOH TO NW USA A CANAPA|USA R VV/VOT WhauTvot su~~| tw m mi r ~a* iS St dot om —nt —[~m
      1,879 words
    • Advertisement
      Lock icon Page 33 Advertisements Column 3
      303 33 resa wr m m for mbeaa ni KMTC PROVIDES OTC HOKUM fI IS IVM 17/ M fill 11/N 22/ M 74/N 27/ M 27 AM *Q"o m CONTAINER SERVICE MTCWSAA 41 IS »M 27/ M 11/N 01/W mmjiw MMMM TO SIHANOUKVILLE/ aq dahlia na vm nm «/W nw J nntiMM
      303 words
Page thumbnail Page 34
  • Page 34 Advertisements
    • Advertisement
      Lock icon Page 34 Advertisements Column 1
      1197 34 DSR-SENATOR LINES TO UK/CONTINKNT TO MEDITERRANEAN/CANADA Ma *L_ _ia wm am mm brv fu [warn Iwrr fiß'"! an tn rot «x mtr J222 M «7 «l MM M M MLBBIO SEBATOR WMM 11M Ul7 M M M 11M M M 25? 22 11 11 11 mumm wms7 25! 11 M
      1,197 words
    • Advertisement
      Lock icon Page 34 Advertisements Column 2
      784 34 CoffioMijlliSiuKl.MCPOßE 1- IW J CWMOIIIWWMMI 8BU: (084) *****9 MANHJL (832)*****24 gssasa„ ssszjssss Efi! I AUCKLANDZimiIT^ MV "HANJIN PORTLAND V.034W MV P "fT™" V 9222 ETA SIN 23-8-99 Al 26-08-V9 Alio occaphog >o Wefcngton, Nopier/Dunodin MNANG MANILA MV "MELAKA" V. 123N MV "UNI SHINE" V.*****N ETA SIN 23-08-99 ETA SIN: 23-08-99
      784 words
    • Advertisement
      Lock icon Page 34 Advertisements Column 3
      464 34 EXPRESS CONTAINER FEEDER FOR r N.SHEVA/COLOMBO VMM SPORf N SHEVA COt OHM P KLANG CAPE CANAVERAL VIIPN 23 AUG >1 AUG 17 SEP 12 SEP TULSIOAS Vll3 MAM 17 SEP 14 SEP 1(19 TARPON SILVER V IB3W MSEP 14 SEP 21 SEP a SEP CAPE CANAVERAL *111* 13 So> 21
      464 words
Page thumbnail Page 35
  • Page 35 Advertisements
    • Advertisement
      Lock icon Page 35 Advertisements Column 1
      1491 35 VESSCL VOV KHH HKQ BIN PKO PQB PXB PMM BA BIK IRAN TABATABAEI PCL-Sll6 18/08 20/08 24A>8 28/08 03/00 04/08 08/00 07/00 00/00 IRAN SATTARt PCL-5117 28/08 27/08 31/08 01/00 11/00 12/00 13/00 18/00 17/00 IRAN TEYFOURI PCL-8118 01/00 03/00 07/00 08/00 17/00 18/00 10/00 21/00 23/00 IRAN BAABAEI PCL-5110
      1,491 words
    • Advertisement
      Lock icon Page 35 Advertisements Column 2
      915 35 Culling ftii AJab I Sb£ ybomtipn* I IT n W ROIMSON ID TIL 226 1900 FAX: *****01 OUTWARD {l/ir^?"!?!?!!?™ 1^)!!™^ I SAIES/IRGS *****57/60 INWARD DOT (0/0) *****65 COSTAR AGENCIES (M) SM ND Q2-07-15M170 222 fL rn m SM m |~W FWMfc B.S. EAST COAST/ISUa 22 *w mumn ovw itw ivw
      915 words
    • Advertisement
      Lock icon Page 35 Advertisements Column 3
      837 35 r~ BSTESSS^— tArvKi I IMPORT I !j*lslj!sl j* l jfrSlL iwiuiißii \/nb i '"-yurmrl m jjgMBl liiSl m 18i8l ami —BF m ifjß til u-JEg I SiF 1 Ht/T»lft/Tilwift S3 Iflfll Ifffll IMB I ACOwßCAaaomoAHWti)—l——NlNMCWlNl—iwannwna ...«-.rnir rttaiin i TRATOrAurHi 9HCVICE KKHH IMPOKT vtssa nor I m I m I on
      837 words
Page thumbnail Page 36
  • Page 36 Advertisements
    • Advertisement
      Lock icon Page 36 Advertisements Column 1
      1180 36 I RwoptAHC/scAKDtnAviA^im^mwmnA I SGP ROM ANW HBG IMP ZEE LHV I LKV THP ROM ANW H6G PKL SGP I nnnLr aiSio S™ fM! 152 ]!2 122 14 15/W E RtPUTt RE K IM7 51/17 W 1341 nm am I SmSStS 22 112 22 U2 22 22 12/99 E R cs
      1,180 words
    • Advertisement
      Lock icon Page 36 Advertisements Column 2
      1253 36 ADVANCE CONTAINER LINES (PTE) LTD MuL: RS 2O34OACLPL BWXaMOSFUASICAIL 2ai3M2sALls 4 MAexrnNo OPERATIONS: *****0 a *****06 CP NO. IfIS3BMOOOOE BAMQKMi 'iumwm I> ,-r ,J vtsm Ivor an wx vbsr vqt jj| KCTAHACTApW/LCH) H1A055 jgfl ftu. KOIAMAJU ftliru MJUI7V 19/B Thu 22/8 XXN J9Z6 Ihi_ S*> SNARSUMIAfIfrrn ao 21/8 S* Jul
      1,253 words
Page thumbnail Page 37
  • Page 37 Advertisements
    • Advertisement
      Lock icon Page 37 Advertisements Column 1
      473 37 iBSA^ mm MYANMA wBBk FIVE STAR UNE (Myaaarar Notioaal Um) Loading for Yaagoo (Rangoon) wssa VOT SM PU PIN PGU SAGAMG MW SU K»G TUNG «W SU) MAIATSIA AGQfTV: lOUSTEAD SMPPMG AGENCIES EUL TH (03)2417)00 PKL IB (03) 37*4101 rot m (04) 24)240? PGU: m (07) *****31/4 mo bank line
      473 words
    • Advertisement
      Lock icon Page 37 Advertisements Column 2
      1235 37 1 HYUNDAI MERCHANT MARINE CO., LTD. 4vbsb wr |sm sou I lot Imi| am nap |iv| hi [vßsa votl sou ta it un mm mv m m API AUMMOC 310W 11/00 04/09 11/09 00/ M 09/09 MOtAMAZOMTt 02X 24/07 31/07 20/07 21/07 19/00 W» "/2 W/W HTGOOMAI 319(1 20/07 04/00
      1,235 words
    • Advertisement
      Lock icon Page 37 Advertisements Column 3
      866 37 WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA 'CAR RORO HEAVYUFT SERVICE" ivissa IVOT IiAUP HEIGHT IS* Utf |at HU SAV Ml OB MTC WW *00 TAIKO AHO4 400 Im 6.3 M 25/00 21/00 30/04 037TF 05/10 07/10 *****~ 10/10 14/10 Wio" TOURCOMG AHOS 400 Ins tj* 10/09 11/10 10/10 22/10
      866 words
Page thumbnail Page 38
  • Page 38 Advertisements
    • Advertisement
      Lock icon Page 38 Advertisements Column 1
      962 38 RANOKOK/ MAP TA PHUT/ LARM CHABAMO] JAKARTA/PAN JANQ VEBBEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN KOTA HARTA HTAO66 In Pt 22/08 QURU BHUM ***** 20AM 22/06 YANTRABHUM 3Q4N In Pt 22AM ANBO JAYAKARTA* 101 ~2IAM 24AM MATHU BHUM gN M/ 08 28/06 24/08 AKA BHUM* 3878
      962 words
    • Advertisement
      Lock icon Page 38 Advertisements Column 2
      533 38 VCJati S VOY ax FKL I JB I HU LBH rtm HAM —Hiii —*TT VHSPETAMW _jgg_ 02*08 07/08 I*oB WQB 17/5 iS6T~ VU£ OEIAURUS A3MV 31/08 01/08 11 AS IMS ~~SS 2MB 3*5 S5~~ w» oS -£S~ lax 14/08 18/08 23W8 OW WO Of/IO ~Q*io~ WIQ M^^o»g«CgOOTD<U 1 UK L
      533 words
Page thumbnail Page 39
  • Page 39 Advertisements
    • Advertisement
      Lock icon Page 39 Advertisements Column 1
      47 39 INTRODUCING OUR NEW FAR EAST USA TRANSPACIFIC EUROPE SERVICE Turn To Pg 6 FULL CONTAINER (every mon/wed/frq EXPRESS SERVICE "§0" MSC Agencies Pte Ltd Turn To Pg 5 For Service From PASIR GUDANG/ SINGAPORE to China Shipping (S) EAST/VIETNAM Agencies Pte Ltd JH CONTAINER LINE Pg 4
      47 words
Page thumbnail Page 40
Page thumbnail Page 41
  • Page 41 Advertisements
    • Advertisement
      Lock icon Page 41 Advertisements Column 1
      52 41 Dial 740-6000 on demand —(Retrieve more schedules!) Press "I" CT Jf\ Select the port and key in s ]Kj the four digit code —eg: To New York (NYQ 2275 Key in your fax number SflßiljEnter your phone number Another innovative s*rvk» offered by e The dOCUITient Will be SHIPPING TIMES
      52 words
Page thumbnail Page 42
Page thumbnail Page 43
  • Page 43 Miscellaneous
    • Miscellaneous
      Lock icon Page 43 Miscellaneous Column 1
      121 43 LEGEND: R Thunderstorm Temperature »q V Shower Weother —Y Wind direction with ipeed in knots Rom s Cloudy Sky Wov Swfoct winds or* indicated by arrows which Hy with the wind (i) One fu« arde represents calm or bght and vonoW* wmds One hott Heche represents 5 knots One fulfleche
      121 words
Page thumbnail Page 44