The Business Times, 12 June 1998

Microfilm: NL21196
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA(P) 110/12/97 85* SINGAPORE Internet: http://www.asia!.com.sg/biztimes FRIDAY, JUNE 12, 1998
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  • Article
    MARKET SUMMARY
    66 1 srn MMLB3 (+19.02) M4OJ3 (-2.72) VV BTCGMP u MC7O (+6.37) nBTHGA mm 5*634 (-2.70) |T1 MARKET MOOD: EJ Mixed STOCK HAKKET INDICES Thursday Change KLSECOMP 4810 6.86 NIKKEI 16,014.04 326.22 HANGSENO 7,886.07 9330 SET INDEX 283.92 JAKARTA COMP +3.46 MANILA COMP —1.829.0? -88.86 TAIPEI WPI 7,210.74 12.39 SEOUL
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  • Article
    FINANCE
    74 1 fobexiaib vs$ ss US$ 1.737 £(IS£/S$per£) 1.630 1831 DM 1.7* 0967 YEN 144.7 1126* R* 1980 0.436 HKS 7.749 0224 BAHT 4320 0.040 BUttAH 13,750 0.013* Silo 100 units maims SINGAPORE* 7.88 KUALA LL'MPT'R J 1.50 JAKARTA 58.0# BANGKOK J4.76 MANILA JUO HONGKONG 10.25 TAIPEI .8.80 SYDNEY 8.46 TOKYO
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  • Article, Illustration
    Lock icon Sing dollar sold past 1.74 to 4-month low
    583 1  -  US hedge funds quickening pace of Sing dollar sales, say traders By Larry Wee [SINGAPORE] It was the turn of the Singapore dollar to get hammered yesterday, and it fell to a 4-month low of 1.7495 in Asian trading. Some traders said
    Source: Dow Jones  -  583 words
  • Article
    Prepare for yuan changes, urges architect of HK's peg
    658 1  -  Bat any adjustments by China will be gradual, he says From Quak Hiang Whai in Hongkong THE architect of the Hongkong dollar peg, John Greenwood, warned yesterday that it would be foolish for Hongkong to count on a fixed or stable
    658 words
  • Article
    STII up on hedge fund activity
    512 1  -  But currency woes push most regional markets lower By' Ven Sreenivasan [SINGAPORE] The Singapore stockmarket pulled back yesterday from Wednesday's plunge, in contrast to most regional markets where the sell-down continued in the face of currency and economic worries. Short covering by hedge funds
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  • Article
    Lock icon Dow down 109 at 1.30 pm EDT
    73 1 Bloomberg, AFX [NEW YORK] The Dow fell in morning trade again yesterday after falling 78.22 points the day before. Though Federal Reserve chairman Alan Greenspan's testimony to Congress on Wednesday was fairly well received by the market, investors were worried about the effects
    Bloomberg,; AFX  -  73 words
  • Article, Illustration
    Wallace wins costs from HK govt in dropped case
    598 1  -  By i Conrad Raj [SINGAPORE] Former Merrill Lynch private-client banker Kevin Wallace yesterday won costs from the Hongkong government relating to dropped criminal charges against him. Mr Wallace, 46, was freed in March when the Hongkong government decided not to go
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      Page 1 Advertisements Column 1
      118 1 DBBDE Property watch MCL Land is launching its Yto Chu Kang 99-year leasehold condominium tomorrow at prices that could deal another blow to the executive condo market, P|3 Akimnng Armed Forces Chief General Wiranto yesterday issued a stern warning to protesters calling for the resignation of President Habibie, Pf 4
      118 words
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      Page 1 Advertisements Column 2
      123 1 Greenspan's testimony We at the Federal Reserve, recognising the powerful forces of productivity growth and global restraint on inflation, have not perceived to date the need to tighten policy.. .9 Alan Greenspan, US Federal Reserve chairman See Pg 12 for excerpts of testimony to the Joint Economic Committee of the
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Merck investing US$300m in bulk manufacturing plant here
      476 2  -  Top pharmaceuticals player's facility will be first in the 'Pharma Zone' By Ronnie Lim MERCK and Co Inc of the US, one of the top three pharmaceuticals players worldwide, will invest US$3OO million (*****.8 million) in a bulk manufacturing plant here, giving
      476 words
    • Article
      Only 1.2% of total working days lost to sick leave: MOM survey
      407 2  -  46% of companies now give paternity leave but only 3% provide childcare benefits Byi Carol Eng SINGAPORE workers are a relatively healthy lot, or so official sick leave figures suggest Across the board, only 1.2 per cent of
      407 words
    • Article
      S'pore's rail transit system to be fully automated
      268 2  -  By Christopher Tan BOYS dreaming of driving trains when they grow up will be disappointed. Plans are afoot to fully automate Singapore's rail-based transit systems. Starting with the $5 billion MRT north-east line (NEL) and the Bukit Panjang lightrapid transit (LRT), all
      268 words
    • Article, Illustration
      Lock icon March F&B revenue down 16%
      273 2  -  EYE ON THE ECONOMY Food and beverage By] Frances Lui FOOD and beverage revenue fell 15.7 per cent year-on-year in March, the worst monthly fall in recent years, preliminary figures from the Singapore Tourism Board show. Total F&B revenue amounted to $125.2 million in March,
      Source: STB  -  273 words
    • Article
      Bintan resort is a long-term project
      276 2  -  LETTER TO EDITOR Chin Chow Yoon CEO, Bintan Resort Management I REFER to your June 8 article, "Investors shelve $lb of projects planned for Bintan resort". There are certain inaccuracies in the article which I would like to highlight. The $1 billion figure mentioned
      276 words
    • Article
      SilkAir's US$36m damage insurance
      421 2  -  Figure covers hull rinmagA and insured loss for search and rescue efforts By I Soh Tiang Keng THE crash of the Silk Air Boeing plane at Palembang, Sumatra, last December has resulted in insured damage of U5535.5 million (5561.6 million). This was revealed by Swiss Reinsurance
      421 words
    • Article
      MCL launching condos at prices close to ECs'
      508 3  -  Selet&r Springs priced at $446 psf, against executive condos' range of $400-s44opsf By t Ang Wan May MCL Land is launching its Yio Chu Kang 99-year leasehold condominium tomorrow at prices that could deal another blow to the executive condominium market. At
      508 words
    • Article, Illustration
      Lock icon Deferred payments for CityDev EC
      391 3  -  After downpayment, CityDev collects the rest on completion By) Diana Oon CITY Developments will become the first developer to defer collection of progress payments for executive condominiums when it starts selling The Florida in Hougang next Saturday. A spokesman yesterday said CityDev is introducing the
      FILE PHOTO  -  391 words
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      661 2 I LI XIN INDUSTRIES LTD I NOTICE OF ANNUAL GENERAL MEETING I NOTICE IS HEREBY GIVEN that the 1998 Annual General Meeting of the Company will be held at the Conference Room, I No. 9 Woodlands Terrace, Woodlands East Industrial Estate, Singapore *****4, on Tuesday, 30 June 1998 at 10.00
      661 words
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      Page 2 Advertisements Column 2
      133 2 'MJk a Guess who already has the upper hand? A puul til 11l ipri'ssi. >11 .111.1 .i shut m> 11 1111 1 ill 1).m»l Will till.»l v•• 1 s 1111 i tor lllst.llH I'. si I. >111.1 1 CVl'.ll .1 lift lllsl OIK- 1 1.1 It 11 Kll IKM K".
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      168 3 Jfef»n»rfH>in Tntfmflt*™'"'! fidiflfll Early childhood k^l^l education (age 3) to pre-universlty check us out today for a tour c our campus. 5 Toh Tuck Road Singapore *****8 T *k (60) 467 1732 Fax: (66) 467 1729 mnat hUp^^wna.padßc.nalag^-da' E-mail daMoikvMl.adu.ag. W Flor non-Slngaporeana only. —gsi\ i I WORLD WIPE 'I
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      Page 3 Advertisements Column 2
      50 3 9 LE TEMPS CHANEL •V PREMIERE COLLECTION STEEL MODEL CHAIN BRACELET INTERLACED WITH LHMiB S^L WATER nESISTANT TO 30 METERS SCRATCH PROOF SAPPHIRE CRYSTAL MADE IN SWITZERLAND t* EXCLUSIVELY AT CHANEL BOUTIQUES: NGEE ANN CITY, 391 ORCHARD ROAD. SINGAPORE TEL: *****20 ISETAN SCOTTS. 350 ORCHARD ROAD. SINGAPORE TEL: *****2 •I
      50 words
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  • MARKETS IN TURMOIL
    • Article
      Lock icon KL scaring away investors: US diplomat
      229 4 Send right signals if yon want foreign capital, he urges AFP [KUALA LUMPUR] The Malaysian government's recent remarks that foreign investors were out to "recolonise" Malaysia was scaring them away, US ambassador to Malaysia John Malott reportedly said yesterday. Malaysia needs to send the
      AFP  -  229 words
    • Article
      Hang Seng sheds 1.2% as interbank rates swing up
      469 4  -  Ten fears dog sentiment; buybacks help stem fall From< Quak Hiang Whai in Hongkong SHARES in Hongkong continued to slide in volatile trade yesterday as interbank rates swung wildly upwards again. But bargain hunting and corporate buybacks helped to break the
      469 words
    • Article, Illustration
      Lock icon Wiranto issues stem warning to anti-Habibie protesters
      643 4  -  Move comes as labour leader calls for president to step down by June 15 From Shoeb Kagda in Jakarta THE Indonesian army made itself visible on the streets of Jakarta yesterday as Armed Forces Chief General Wiranto issued a stern warning to protesters
      REUTERS  -  643 words
    • Article, Illustration
      Lock icon Yen knocked under 142 to US$
      482 4  -  Chin* steps up pressure to stem slide; Nikkei falls 2% From Anthony Rowley inTokyo THE yen hit a new low of under 142 to the dollar in Tokyo yesterday as foreign exchange markets shrugged off fears of concerted intervention by the G-7 in support
      Source: Bloomberg  -  482 words
    • Article, Illustration
      Lock icon Overly weak yen will trigger second Asia crisis: Supachai
      480 4  -  From. Loh Hui Yin in Hongkong ALMOST a year after a Thai baht devaluation triggered off a regional currency crisis, a Thai leader has warned that an overly weak Japanese yen would trigger a second crisis, and with that, a global
      AFP  -  480 words
    • Article
      Lock icon Yen recovery in hands of Japan: Rubin
      372 4 Bloomberg [WASHINGTON] The 08 shares Japan's concern about a weak yen, yet it's up to J* pan alone to get its economy back on track so other Asian economies can recover from economic crisis, Treasury Secretary Robert Rubin said yesterday. "The weakness of
      Bloomberg  -  372 words
    • Article
      A$ rally eases fears of rate hike
      389 4  -  Jobless rate up but govt says situation will improve Prom, Russell Baker in Sydney THE Australian dollar staged a recovery yesterday, moving back above the 59 US cent level and easing fears of an imminent hike in official rates by the Reserve Bank
      389 words
    • Article
      Lock icon Thailand wins IMF praise, fresh loan instalment
      180 4 Bloomberg [WASHINGTON] The International Monetary Fund put its seal of approval on progress made by Thailand in overhauling the economy by clearing the way for the release of a US$l33 million (Ss23l million) loan instalment from a US$3.9 billion loan on Wednesday. "The
      Bloomberg  -  180 words
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      3465 6 jm J. OMMTWIPMOWT 18. LOANS RfCEIVABLf (a) Operating profit if arrived at after Group and Company m 1447 1996 I r I C 1947 1996 1447 1996 $000 H ILI-JII I I U I P lilHilO* *000 $000 $000 F^a^,^TZ^fn^^ liu uu H m. m M m M rharaina receiveoies
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  • SOUTH-EAST ASIA
    • Article
      More S'pore firms eyeing Thai corporate bargains
      341 7  -  Thailand's National Fertiliser says Temasek in talks to bay stake in it Froml Harish Mehta in Bangkok A NEW wave of Singapore companies is taking a juicy bite of cut-price Thai companies. Temasek Holdings is keen on buying a stake in National Fertiliser
      341 words
    • Article
      Lock icon Euro seen boosting Philippine exports
      140 7 MANILA AFP THE launch of a single European currency next year will be a boon to Philippine exports but the euro could cut both ways in terms of investments, a trade department study released here yesterday said. The department said the adoption of a single
      AFP  -  140 words
    • Article
      Silence is no solution to KL's water crisis
      612 7  -  LETTER FROM KUALA LUMPUR Political undercurrents deepen the problem By Meera Tharmaratnam TEN days ago, Malaysian police revoked a permit for a conference on the water crisis in Kuala Lumpur where people have been facing severe water shortages for months now on
      612 words
    • Article
      Revived: Thai plan for foreign-owned condos
      436 7  -  From Harish Mehta in Bangkok THAILAND'S Board of Investments has revived a proposal floated last year by the former Chavalit government to allow full foreign ownership of condominium buildings. But political analysts warn that the issue could become a political football. The Board of
      436 words
    • Article
      Lock icon Habibie may run for presidency if supporters want him to
      299 7 TOKYO AFP INDONESIAN President B J Habibie indicated in an interview published yesterday in Japan that he may run for presidency next year if his supporters urge him to do so. Dr Habibie told the Nihon Keizai Shimbun in Jakarta
      AFP  -  299 words
    • Article
      Astro may not reach 300,000-subscriber target
      203 7  -  By 1 Toh Han Shih [SINGAPORE] Malaysian satellite broadcaster Astro could be set back in its goal of reaching 300,000 customers by year-end after the currency crisis forced it to raise prices of receiving equipment. Astro, in which tycoon Ananda Krishnan owns a majority
      203 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      57 7 I P Available with colour panels, mirror panels, stainless steel panels, 1 HH stainless steel wraps and I designed for built-in. II j I jQmana W i Refrigerator/Freezers HNMH l«u—i BAHaMfIniMMMikwMiiaJUMHIfIIUkiBMJLBJiiiiiHIHHHIHI 180 Paya L*6«r Ro«d #09-03 Yi Quang Building Singapore *****2 Tal: *****88 Fax: (85) *****02 1 Showroom 178 Orchard
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      Page 7 Advertisements Column 2
      112 7 6 osmtss. H hi no t» A v 3? .< '4. v T~ a o 4? 1 ir s 9 x I Mat. s- i *> a IP *Oo n c\ i 0Q 7I Mfr H3A3U3H* I 1 Announcing EQUANT. One company comprised of three global leaders: EQU/.NT Integration Services
      112 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon China and Taiwan may resume talks next year
      146 8 TAIPEI AFP TAIWAN and China could resume cross-straits talks next year, the state-funded China News Agency reported yesterday citing the island's top mainland negotiator. Straits Exchange Foundation (SEF) chairman Koo Chen-fu said cross-straits talks could resume next spring but he may visit
      AFP  -  146 words
    • Article
      HK banks sound: ratings agency
      407 8  -  Profits won't be undermined unless NPL jumps to 10%, says Fitch IBCA From. Loh Hui Yin in Hongkong HONGKONG banks' non-per-forming loans (NPLs) would have to jump to 10 per cent of total loans before their profitability is undermined, says international ratings agency Fitch IBCA.
      407 words
    • Article, Illustration
      Lock icon China's exports fell in May, the first time in 22 months
      519 8  -  SINGAPORE But country's trade surplus rose due to larger drop in its imports By: Lu Ning CHINA'S exports fell 1.5 per cent in May, the first monthly decline in 22 months, but the country's trade surplus rose due to
      Source: Chinese  -  519 words
    • Article
      China mounts big drive to combat surge in smuggling
      450 8  -  SINGAPORE By: Lu Ning CHINA will step up its antismuggling campaign as illegal imports flood the market, dealing devastating blows to industry and alarming top government leaders. As an indication of the seriousness of the problem, sea smuggling soared 81 per
      450 words
    • Article, Illustration
      Lock icon Beijing court's first to have open trials
      240 8 BEIJING AFP CHINA'S Beijing No 1 intermediate court has become the first to open its trials to the public, as part of a nationwide effort to clean up the judicial system, the China Daily reported yesterday. Starting this week, Chinese citizens will be
      AFP  -  240 words
    • SINO Briefs
      • Article
        Lock icon Wharton to train Chinese officials
        88 8 AFP [BEIJING] A top US business school will start training high-ranking Chinese officials in administration from September, Xinhua reported yesterday. The Wharton School at the University of Pennsylvania, which Chinese President Jiang Zemin visited during his state visit to the US, will run a special
        AFP  -  88 words
      • Article, Illustration
        Lock icon Betting on Chinese Barbie dolls
        83 8 Reuters [HONGKONG] Senior brand manager Yvonne Ngau displaying the Chinese Empress Barbie (left) and the Golden Qi-Pao Barbie here. Hundreds of special Barbie dolls marking the first anniversary of the handover have been snapped up by collectors who believe the toy's value could soar. Collectors
        Reuters  -  83 words
      • Article
        Lock icon Taiwan hopes to join OECD as observer
        83 8 AFP [TAIPEI] Taiwan hopes to join the Organisation for Economic Cooperation and Development (OECD) as an observer, the state-funded China News Agency said yesterday citing the economics ministry. Economic Affairs Minister Wang Chih-kang sajd Taiwan will apply for observer status in the OECD's
        AFP  -  83 words
      • Article
        Lock icon China's Jan-May inflation index down
        85 8 Reuters [BEIJING] China's benchmark indicator of inflation, the Retail Price Index (RPI), dropped a year-on-year 1.9 per cent in the first five months of1990, the official Xinhua news agency reported yesterday. The RPI for May alone was down 2.7 per cent compared with the year-ago
        Reuters  -  85 words
    • Article
      Lock icon HK travel chiefs want casino for foreigners
      174 8 HONGKONG AFP HONGKONG travel chiefs have called for the opening of a foreigners-only casino to lure back tourists amidst the Asian financial crisis, officials said yesterday. The Travel Industry Council of Hong Kong wants a casino for foreigners set up on the outlying
      AFP  -  174 words
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      50 8 the Sunday paper v FOR THE LATEST WORLD CUP '98 RESULTS i Wit+l tt« s£2<?4iul nfiny Vb«? tHiiieiWlll Uifxpff W^Ai f Insult's.. Covt^Minj t+i.e iiCSt ITcCeilt 11'of\ he;-* W fcleyed. t\j pre^ictic'- 1 Ny rt'«= ii«sNf iv.ctvbu t'lkis evufniij PT f+i£ M illg W(nji{i{ omj l>if^,«f —»*HiiP4it<)pVljvf k»ivM^tiJ Mfllvtt ttiw
      50 words
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  • ASIA
    • Article
      Lock icon US investors turn tables, snap up bargains in Japan property
      493 9 TOKYO Up to 10b yen, they are ready to buy, they think market's hit bottom: agent AFP MAJOR US investors are snapping up Japan, taking advantage of the sliding yen, rock-bottom interest rates and a property market slump, industry experts
      AFP  -  493 words
    • Article
      Lock icon Chaebols deny plan to swap key businesses in big revamp
      302 9 SEOUL AFP SOUTH Korea's leading fami-ly-owned conglomerates, or chaebols, yesterday denied they had agreed to swap several of their key businesses as part of a masterplan for corporate restructuring. "There have been no big deals discussed so far among conglomerates,"
      AFP  -  302 words
    • Article
      Lock icon Seoul gets another US$2.3b export credits
      223 9 WASHINGTON USEximß&nkto support extra sum in addition to USs7som approved last Jan Bloomberg THE US Export-Import Bank will approve the expansion of credits for US companies to export goods to South Korea to as much as U552.25 billion (553.9 billion). The US agency said
      Bloomberg  -  223 words
    • Article, Illustration
      Lock icon Only 50-50 chance of early election this year: Howard
      468 9 CANBERRA Queensland results seen crucial in AllSSie polls timing Reuters [CANBERRA] Australian Prime Minister John Howard said there is only a 50-50 chance he will call an early election this year in contrast to widespread speculation he will go to the
      Reuters; AFP  -  468 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      492 9 BUSINESS SHERIFF'S SALE MOTOR SHIP OR VESSEL "GEORGIOS" (Admiralty In Rem No. 220 of 1998) PARTICULARS OF VESSEL Name of Vessel "GEORGIOS" Call Sign Port of Registry Piraeus Type An all steel welded/constructed Bulk carrier with cargo holds forward and accommodation/ navigation/ engine room space aft. Dimensions 155.52 mL x
      492 words
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      Page 9 Advertisements Column 2
      348 9 IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF SMITH BARNEY ASSET MANAGEMENT GROUP (ASIA) PTE LTD (In Members Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Sactlon 290(2)<b)] At an Extraordinary General Meeting of the Company held at 1 TemasekAvenue #39-02. Millenia Tower.
      348 words
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      Page 9 Advertisements Column 3
      551 9 I &lrl l&m Group UP 1 X Investments Ltd (Incorporated In the Republic of Singapore) NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at 20 Upper Circular Road #03-06, The Riverwalk. Singapore *****6 on Monday, 29 June 1998, at 10.4S am (or at
      551 words
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      Page 9 Advertisements Column 4
      256 9 THE COMPANIES ACT. CAP. 50 FRENCH BEAUTY CLUI PTE LTD (In Voluntary Winding-up) At an Extraordinary General Meeting of ttte abovenamed company held on me 9th day of June 1996, the following Special Resolution was duly passed: 'THAT the company be wound up voluntarily pursuant to Section 290(1 )(b) of
      256 words
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      Page 9 Advertisements Column 5
      503 9 THE COMPANIES ACT, CAP. M HEXAGON REALTY PTE LTD (I* Voluntary Whidlng-Up) At an Extraordinary General Meeting of the abovenamed company held on the 9th day of June 1998, the following Special Resolution was duly passed THAT the company be wound up voluntarily pursuant to Section 290(1 Mb) of the
      503 words
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      Page 9 Advertisements Column 6
      551 9 THE COMPANIES ACT, CAP. M TRANSCQ (NEW ZEALAND) PTE LTD (In Volantary WMtag-Up) At an Extraordinary Genera) Mating of the above named company heid on the 9th day of June 1998, the folowlni Special Resolution was duty passed THAT the company be wound up voluntarily pursusnt to Section 290(1)(b) of
      551 words
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  • THE WORLD
    • Article
      Greenspan setting stage for rate hike later this year: analysts
      565 10  -  Greater weight given to hi* comments on strong consumer spending and the tight labour market From. Andrew Marks in New York WHILE Federal Reserve chairman Alan Greenspan told Congress on Wednesday that the US central bank does not need to
      565 words
    • Article
      Lock icon Clinton defends satellite launch policy
      384 10 WASHINGTON Reuters PRESIDENT Bill Clinton yesterday defended his controversial policy of licensing the launching of US satellites by China, saying it was in the naitional interest of the US. "This policy clearly has served our national interest," Mi* Clinton said in a speech at the
      Reuters  -  384 words
    • Article
      Lock icon Networking industry's growth seen slowing
      194 10 PALO ALTO. California Reuters THE computer networking industry for years the fast-est-growing high-tech business will expand at its slowest rate ever in 1998 as prices for key types of equipment collapse, a market research firm said on Wednesday. Based on lacklustre firstquarter results from such
      Reuters  -  194 words
    • Article
      Lock icon US tobacco industry slapped with historic courtroom defeat
      357 10 JACKSONVILLE, Florida Punitive damages award expected to set off flood of new lawsuits LATWP THE tobacco industry suffered a historic courtroom defeat on Wednesday when a jury ordered the Brown Williamson Tobacco Corp to pay more than US$l million (551.74 million) to
      LATWP  -  357 words
    • Article, Illustration
      Pitch battles, border conflicts, ethnic cleansing
      616 10  -  BUKOPHAM VIHW Threat of war hangs over parts of Europe, Africa By Kevin Sullivan WAR and the threat of it have been disagreeably evident in Europe and Africa this week, though perhaps the strangest recent remark by a public figure came from Jean-Claude Gaudin,
      616 words
    • Article
      Lock icon US retail sales up 0.9% in May
      279 10 WASHINGTON Bloomberg US RETAIL sales posted a larger than expected gain in May, led by demand for autos and furniture, a sign domestic demand is offsetting fallout from the crisis in Asia. May sales rose 0.9 per cent to U*****.62 billion (*****.9 billion)
      Bloomberg  -  279 words
    • WORLD Watch
      • Article
        Lock icon Air France stake sale to go ahead
        68 10 Bloomberg [PARIS] France said it will proceed with plans to sell a 20 per cent stake in state-owned Air France in September, which was thrown into doubt by a nine-day pilots' strike that ended on Wednesday. Finance Minister Dominique Strauss-Kahn acknowledged the airline's
        Bloomberg  -  68 words
      • Article, Illustration
        Lock icon Financial crisis on their minds
        48 10 Reuters (WASHINGTON] South Korean President Kim Dae Jung (centre) posing with International Monetary Fund (IMF) executive director Michel Camdessus (left) and World Bank president James Wolfensohn at Washington's Blair House yesterday. The three men were meeting to discuss the Asian financial crisis. Reuters
        Reuters  -  48 words
      • Article
        Lock icon Clinton's job-approval rating slips
        61 10 Bloomberg I WASHINGTON] US President BUI Clinton's overall job-approval rating slipped in the past two weeks, according to a new CBS News/New York Times poll. Of the 1,126 adults surveyed nationwide, 60 per cent said they approved of the way he handles his job as president,
        Bloomberg  -  61 words
      • Article
        Lock icon Germany's investment tax losses
        76 10 Reuters [FRANKFURT] Germany loses out on around 20 billion Deutschemarks in lost tax revenues on investment income each year, tax association head Dieter Ondracek said yesterday and he called for tighter monitoring to stop tax dodgers. He estimated that around 600 billion marks was being invested
        Reuters  -  76 words
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      215 10 THE MONETARY OF SINGAPORE SINGAPORE GOVERNMENT OFFERING OF TAXABLE BOOK-ENTRY BONDS TO THE PUBLIC ;j TENOR 2 YEARS 10 YEARS AMOUNT OFFERED SGDISOOMIC) SGDISOO MIO ISSUE CODE N*****1H NX9BIOOH ISSUE DATE 1 JULY 1998 1 JULY 1998 MATURITY DATE 1 JULY 2000 1 JULY 2008 INTEREST RATE TO BE DETERMINED
      215 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      India's budget a big step backwards
      833 11  -  TBB BOTTOM LDVE OPINION By Prem Shankar Jha The writer, former editor of The Hindustan Times, contributed this article to BT FOR more than two decades, the Bharatiya Janata Parly (BJP) has prided itself as being the most investor-friendly political party in India It
      833 words
    • Article
      IN OTHER WORDS
      133 11 'Some now say that nuclear non-proliferation is doomed, and the sooner we accept that, the better off we'll be... I say that is dangerous nonsense. Efforts to halt the spread of nuclear weapons do not come with a guarantee, but to abandon them because they have been
      133 words
    • Article
      The challenge for Estrada
      579 11 EDITORIAL THERE is no greater asset for an incoming leader than the power of overwhelming support from the masses. For Presi-dent-elect Joseph Estrada, who takes office in the Philippines at the end of the month, that power can be both a blessing and a curse. The
      579 words
    • Article, Illustration
      Lock icon 'New Deal' for China China
      1162 11  -  Economy is opening np, but problems like unemployment are rising as enterprises restructure By, James Flanigan The Los Angeles Times TO BEGIN to grasp the full import and direction of the changes occurring in China today, visit the Beijing Yanhua Petrochemical Co at a sprawling
      The Los Angeles Times; FILE PHOTO  -  1,162 words
    • Article
      WHAT THE OTHERS SAY
      900 11 Over-reacting to yen's fall THESE are nervous times on the stock market...With Tung Chee-hwa admitting Hongkong's economic downturn is likely to be "prolonged and painful", it is scarcely surprising that the financial community should be so jittery. This explains the market's over-reaction to the public recognition
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  • Page 11 Miscellaneous
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  • FOCUS
    • Article, Illustration
      Lock icon US economy's virtuous circle
      1570 12 Rising equity values boost spending, bolstering corporate earnings expectations which in turn fuel still further increases in equity values Thefollowing are excerpts of the testimony by Alan Greenspan, chairman of the US Federal Reserve, to the Joint Economic Committee of the US Congress on Wednesday I
      REUTERS  -  1,570 words
    • Article
      Greenspan a convert to the 'New Economy' thesis?
      906 12  -  New view argues that US economy can tolerate higher growth, lower unemployment without risking inflation From Leon Hadar in Washington FED chairman Alan Greenspan's testimony on Capitol Hill on Wednesday did not just indicate that the head of the US central bank
      906 words
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      Page 13 Advertisements Column 1
      545 13 PMa't (N kMW? I reri it it Cats' Mevisl v l J a''*S 43$ CI N» CATS 11/ Lama «<4ma .1* Diners club Offers up to Ssi million FREE r o<w «.,aitt Where to Wine, dine and entertain... internationaT Personal Accident Insurance worldwide. *****45 fir* m- im n i )acl
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      93 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      775 13 TV&RADIO Fin in It a IS t by Flipper. 10.30 Focus. 3 .oo News 5 Today Followed 11.00 Singapore At Work. 7.00 AM Basketball: NBA by Afternoon at the 1130 Speak Easy. j|| M d 97/98 Finals Game 4 Movies Oh What A 12.00 MN Midnight Movie Sexy Bulls (r).
      775 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      229 13 CRYPTIC CROSSWORD 6 Bear this expression of con- H| H| H|| jHf 10 Printer's decoration for the j 13 Round number in centre of .LJ door, perhaps (5) 15 Such a trader doing time. is 1 1 where Z-jß—Jß—J|^____|j|^K___ 1118 —\m 27 Soldier, after enjoyment in marriage (5) doctor (4)
      229 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Good games, great start
      660 14  -  WORLD CUP 98 Expert refereeing and clement conditions certainly helped, writes shahtron sahart SHAHIRON SAHARI AFTER all the pre-tournament hype and expectation, the first day of France 98 was thankfully not a let-down. In truth, it was possibly one of the best opening days in the
      REUTERS  -  660 words
    • Article
      Lock icon Baggio's penalty gives Italy a draw with Chile
      314 14 Reuters [BORDEAUX] Roberto Baggio scored with a controversial 85th-minute penalty to give Italy a late equaliser in a 2-2 draw with Chile yesterday. Baggio scored after Niger referee Lucien Bouchardeau ruled that Chile defender Ronaldo Fuentes had handled a cross from Baggio
      Reuters  -  314 words
    • Article
      Scotland weren't trounced; they will triumph yet!
      485 14  -  By] Kevin Sullivan The writer, a Madrid-based journalist, is a Scot to the kilt FOUR minutes into the game and Brazil had the ball in the net. There was a point on Wednesday afternoon, amid the pristine clarity of the Stade de France,
      485 words
    • Article
      Watch the French strike
      240 14  -  Compiled by Shahiran Sahari 1[ Watch the French strike World Cup viewing guide one to watch France vs South Africa (Grp C, 2.30am A potentially entertaining clash between the host, playing its first Finals match in 12 years, believe it or not, and Bafana, Bafana (The
      240 words
    • Article, Illustration
      Lock icon An atmospheric, if dispirited staging
      547 14  -  FESTIVAL OF ARTS Kuo's ghosts work a demanding script but fail to engage By 1 Susan Tsang THE Spirits Play has ghosts, beautiful sets and lighting, a challenging script from Kuo Pao Kun and the services of Taiwanese director Stan Lai, but the one thing
      ST/STEVEN LEE  -  547 words
    • Article, Illustration
      Lock icon Multi-dimensional yet harmonious experience
      506 14  -  By Chua Soo Pong THE Sydney Dance Company's previous visit had left us in no doubt about their deserved reputation as a leading contemporary dance company. Hence, expectations were high on Wednesday night for its performance at the Kallang Theatre, especially since its production of Free
      ST/TAN SUAN ANN  -  506 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      A leaner, trimmer SembCorp Industries
      958 15  -  It plans to quit hotel, property sectors and may divest stakes in FCC, Delifrance By Conrad Raj [SINGAPORE] SembCorp Industries (SCI), to be formed from the proposed merger of Sembawang Corp and Singapore Technologies Industrial Corp (STIC), plans to get out of property development and
      958 words
    • Article
      SES Electronics Index at 19-month low
      470 15  -  Analysts still hold mixed views abont sector's prospects By, Annette Pau [SINGAPORE] The SES Electronics Index yesterday fell to a 19-month low, shedding 2.05 points to 84.51. Despite a sustained selldown in the sector over the past fortnight, technology analysts still hold mixed views
      470 words
    • Article
      Short-selling can pave way for return of options trading
      736 15  -  HOCK LOCK SIEW R Sivanithy SHORT-SELLING has traditionally been frowned upon in the local stock market. The selling of an asset not initially owned with a view to buying it back later after its price has fallen is not strictly illegal,
      736 words
    • Article
      Creative warns Q4 results will be less than expected
      421 15  -  By< Teh Hooi Ling [SINGAPORE] Creative Technology yesterday served notice that its revenues and earnings for its fourth quarter ending June 30, 1998, will fall below analysts' expectations. In particular, sales will be down by 10 per cent, the company said.
      421 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Red Box may sue Malayan Banking
        431 16  -  This follows notices placed by Maybank in M'si&n papers of its petition to wind np company From Eddie Toh in Kuala Lumpur LISTED Red Box previously controlled by Ling Hee Leong, the eldest son of Malaysia's Transport Minister Ling Liong Sik might take legal
        431 words
      • Article
        Lock icon No more joint-operation concessions: Telkom
        441 16 Two million phone lines target cut to 1.27 m for partners Reuters [JAKARTA] Indonesian state-controlled telecommunications giant PT Telekomunikasi Indonesia said yesterday it had no plans to offer new concessions to its joint operating scheme (KSO) partners. Telkom said the partners had, as at end-March,
        Reuters  -  441 words
      • Article
        Lock icon Moody's reviewing Citic Pacific ratings
        231 16 AFX-Asia AFP, [HONGKONGI International rating agency Moody's Investors Service said yesterday it had placed China-backed firm Citic Pacific Ltd's rating on review for possible downgrade. Moody's said it has placed the Baal counterparty rating of Citic Pacific on review for possible downgrade as there were
        AFX-Asia; AFP,  -  231 words
      • Article
        Lock icon Reforms expected to quicken S'pore banks' global push
        586 16 Reuters [SINGAPORE] Sweeping banking sector reforms in Singapore announced this week will push local banks faster and harder into the international arena, analysts said yesterday. "It's a sea-change in thinking," said Phuah Eng Chye, banking analyst for Dresdner Kleinwort Benson. The reforms
        Reuters  -  586 words
      • Article
        Lock icon Intan sells 17.8% to Vivendi's S'pore unit
        181 16 Bloomberg [KUALA LUMPUR] France's Vivendi SA's unit agreed to buy a 17.8 per cent stake in Intan Utilities Bhd, a Malaysian water treatment company, Intan said. Intan's major shareholder, Vincent Tan, agreed to sell 9.5 million shares to Compagnie Generate Des Eaux Asia
        Bloomberg  -  181 words
      • Article
        Lock icon Petition to wind up SCK unit dismissed
        157 16 AFX-Asia [KUALA LUMPUR] The High Court has dismissed Multipurpose Bank Bhd's application to wind up SCK Group Bhd unit, SCK Furnishing Sdn Bhd, over its failure to settle debts amounting to 495,612 Malaysian ringgit (*****,889), The New Straits Times reported. It said the
        AFX-Asia  -  157 words
      • Article
        Lock icon Thai bank preparing country's first fixture revenues debt
        278 16 Analysts see wave of snch deals in region in scramble to tap new funding options Reuters [NEW YORK] Krung Thai Bank Pic, Thailand's second largest commercial bank is readying up to US$3OO million (*****.8 million) of bonds backed by tourist credit card
        Reuters  -  278 words
      • Article, Illustration
        Lock icon Tenaga says Malakoff stake an alternative to get returns
        277 16 AFX-Asia [KUALA LUMPUR] Tenaga Nasional Bhd said acquiring a stake in Malakoff Bhd through a share swap in TNB Janamanjung Sdn Bhd and Segari Energy Ventures Sdn Bhd is an alternative way to obtaining returns from its assets, the Malaysian Business
        AFX-Asia; Source: Bloomberg  -  277 words
      • COMPANY Briefs
        • Article
          SIA's alliance plan gets initial nod
          87 16 [SINGAPORE! Singapore Airlines' proposed tie-up with Ansett Australia, Ansett International and Air New Zealand has got a preliminary nod from Australia's anti-trust regulator, the Australian Competition and Consumer Commission. Ansett Australia executive chairman Rod Eddington said the four airlines now look forward to final
          87 words
        • Article
          F&N unit in Cambodia Beverage Co deal
          68 16 [SINGAPORE] A Fraser and Neave subsidiary has bought out two Thai shareholders in the Cambodia Beverage Company (CBC), paying US$2.2 million (Ss3.B million) cash for 25 per cent in CBC. After the transaction, F&N's 75 per cent-owned Coca-Cola Indochina Pte Ltd owns 100
          68 words
        • Article
          More CPF trustee stocks
          71 16 [SINGAPORE] The Central Provident Fund has added ma in board-listed Venture Manufacturing and Venture's 2.5 per cent unsecured loan stock 1999 to the list of trustee stocks for the CPF Investment Scheme. Sesdaq-listed Goldtron Ltd, Goldtron RCCPS and Raffles Medical Group have also joined the list.
          71 words
        • Article
          Lock icon Pengkalen units to restructure
          52 16 AFX-Asia [KUALA LUMPUR] Pengkalen Holdings Bhd says its stockbroking units Kimara Equities Sdn Bhd and Pengkalen Securities Sdn Bhd will be restructuring. Pengkalen told the Kuala Lumpur Stock Exchange that details of the plans will be announced later, adding that > the proposals might also affect
          AFX-Asia  -  52 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Veteran FTC judge to hear Intel anti-trust case
        362 17 Intel accused of unfairly using monopoly power in microchip market Bloomberg [WASHINGTON] The federal government's case against Intel Corp will be heard by Administrative Law Judge James Timony, a veteran with the US Federal Trade Commission whose recent decisions have favoured antitrust
        Bloomberg  -  362 words
      • Article
        Lock icon Gucci Q1 net falls 10% to US$43.2m
        203 17 Bloomberg [MILAN] Gucci Group reported first-quarter profit slid a smaller-than-expected 10 per cent as surging watch and clothing sales helped cushion slowing Asian demand for its luxury handbags, shoes and other accessories. Florence-based Gucci reported first-quarter profit of U5543.2 million (Ss7s million), or
        Bloomberg  -  203 words
      • Article, Illustration
        Lock icon Compaq names new senior team, Digital chief's out
        277 17 Reuters, Bloomberg [HOUSTON] Compaq Computer Corp on Wednesday named a new senior management line-up to lead the company after it merged with Digital Equipment Corp. The company also confirmed that Digital's chief executive, Robert Palmer, will resign. In a statement, Compaq president
        Reuters,; Bloomberg  -  277 words
      • Article
        Lock icon Inktomi's share price doubles to US$36 in debut trading
        344 17 Bloomberg [SAN MATEO, California] Inktomi Corp, a maker of software designed to reduce congestion on the information superhighway, saw its share price more than double in their first day of trading, reflecting enthusiasm for Internet stocks. Shares of the San Mateo,
        Bloomberg  -  344 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Andersen Consulting unveils new brand image
        377 18 Move to reinforce independence from sister firm Arthur Andersen FT [LONDON] Andersen Consulting, now locked in acrimonious divorce proceedings with its sister firm Arthur Andersen, will reinforce its independence with the launch of a new global brand image and a specially-com-posed tune. The brand,
        FT  -  377 words
      • Article, Illustration
        Lock icon StanChart names CEO, affirms independence
        359 18 FT, Reuters [LONDON] Standard Chartered, the London-based international banking group, has re-affirmed its determination to remain independent as it named Rana Talwar to take over from Malcolm Williamson as chief executive in October. The bank has been tentatively approached by a range of suitors, including
        FT,; Reuters; REUTERS  -  359 words
      • Article
        Lock icon Fed against regulating derivatives
        231 18 CFTCplan might cause contracts to lose legality Reuters [WASHINGTON] The Federal Reserve said it was worried that any plan by the Commodity Futures Trading Commission to regulate the huge over-the-counter derivatives market might cause the contracts traded there to be deemed illegal. The CFTC's actions could
        Reuters  -  231 words
      • Article
        Lock icon Euroyen, JGBs down on mixed signals
        207 18 SXMEXReport Reuters SIMEX Euroyen and Japanese government bond (JGB) futures headed south yesterday after conflicting comments from the Japanese Finance Ministry (MOF) and the Bank of Japan (BOJ) left dealers scratching their heads. "We had (MOF's head of international finance) Haruhiko Kuroda saying excessive
        Reuters  -  207 words
      • Article
        Futures up on technical rebound
        170 18  -  MSGITAXW AM FUTURES Cecilia Loh Cecilia boh, service dealer, Refco Singapore [SINGAPORE] The Simex MSCI Taiwan Stock Index futures gained 2.50 points on a technical rebound as the Weighted Price Index fell for the fourth consecutive day, losing 12.39 points yesterday on currency and corporate
        170 words
      • Article
        Lock icon Oil prices up on promises of more cuts
        277 18 ENERGY REPORT Reuters [LONDON] Bedraggled world oil prices staged a fight back yesterday as key producers sought to convince markets that they have the stomach for further output cuts. International benchmark Brent was trading at U5513.57 in early trade yesterday, up 24
        Reuters  -  277 words
      • Article
        Lock icon CURRENCY REPORT
        264 18 AFP Ti^ndwi THE Japanese yen fell yesterday below the 143 yen-dollar point in London, trading at 143.54 yen to the dollar, as traders increasingly discounted the chances of intervention to prop up the currency. The yen had traded at 141.61 yen late Wednesday in London. The yen, hit
        AFP  -  264 words
      • Article
        Lock icon Long-Term Credit Bank to change lending practices
        180 18 Bloomberg [TOKYO] Long-Term Credit Bank of Japan Ltd said it plans to boost profitability by changing the way it lends to about a third of its customers 2,500 companies whose loans aren't providing highenough returns. Long-Term Credit Bank, the second-largest of three Japanese
        Bloomberg  -  180 words
      • Article, Illustration
        Untitled
        1177 18 [MTBRBAMKCTOgS RATES w M CS ECU Ffr Dm m HHt»fc»lrt V H «$NfcK» Pwo S$ fart Sfr WTS 8aK NH tartrate 0269 4fll, 1540 157? t06S 4.597 8CW ***** 0241 12*4 2261 t177 ***** ***** 1.030 1088 OKI 20.609 ***** 0.3m"S5 CaMa U51 4421 AM UH $.2*P21«7 ***** 0.%7 95»
        1,177 words
    • Article
      COMMODITY PRICES
      1640 19 nooMPPTPm J„ h ii IUR8CR (Murts ctttMQ «it 5.30pm) RSS 1 CONTRACTU oats/hp) Close Volume Open M* jN$l» low Sett (tones) Interest *"8 118.25 116.00 117.75 175 675 **98 119.00 765 *9 98 118.75 118.75 120.25 650 915 Oct/Dec 98 124.00 4950 Jan/Mar 99 128.75 1575 Apf/Am99 132.25
      1,640 words
    • Article
      WORLD STOCK MARKETS
      2101 19 LONDON m» ii tan 31 Croup *****0 2.000 AS Ports 357.000 1.000 Abbey National 1065.500 36.500 AIM Domecq 596.000 -4.400 Am* 207.000 -2.400 A KM Croup 191.200 6.800 BATIOd 582.000 -24.000 BG Pic 312.400 -4.200 ■ICC 154.400 4.000 BOC Group 909.000 -8.000 BR Petroleum 875.400 -20.600 BTR
      2,101 words
    • Article
      Lock icon TOKYO
      1627 19 Bloomberg □Nikkei 225 -Mm JAPANESE stocks tumbled to a six-month low as the yen continued to lose ground to the dollar, pulling down currencies and markets around Asia. The benchmark Nikkei 225 Stock Index fell 325.22 points, or 2.12 per cent, to 15,014.04 its lowest since Jan 14. "The
      Bloomberg  -  1,627 words
    • Article, Illustration
      Lock icon HONGKONG
      1494 20 Reuters Q Hang Seng -13,3 HONGKONG stocks slid to a lower close yesterday as a weak Japanese yen continued to haunt the market, but bar-gain-hunters helped repair some of the damage, brokers said. The Hang Seng Index fell 93.30 points, or 1.17 per cent, to end at 7,886.07, its
      Reuters  -  1,494 words
    • Article, Illustration
      Lock icon CHINA
      624 20 Reuters nSheaihenß Index -177 SHENZHEN'S hard currency B Share Index ended down sharply yesterday due to weakness in Hongkong stocks, analysts said. The B Index closed down 2.77 points, or 3.19 per cent, to 83.90 on moderate turnover of HK$l3 million, shrinking from HK$2O million on Wednesday. The index
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  624 words
    • Article
      Lock icon TAIPEI
      349 20 AFP □wp Index -1131 TAIWAN share prices closed 0.2 per cent lower yesterday, falling for the fourth straight day, with support from gov-ernment-sponsored funds paring losses, dealers said. The Taiwan Stock Exchange Weighted Price Index dipped 12.39 points to 7,210.74, following a 3.1 per cent plunge in the previous
      AFP  -  349 words
    • Article
      Lock icon WELLINGTON
      254 20 Bloomberg n Wellington -HL37 NEW Zealand's Top 40 stock index suffered its biggest oneday decline in six months, amid concerns that rocketing interest rates amid the currency slump will further weigh on economic growth, eroding profits. The NZSE-40 Index fell 65.37 points, or 3.2 per cent, to 2002.10. Earlier,
      Bloomberg  -  254 words
    • Article, Illustration
      Lock icon BANGKOK
      807 20 AFX-Asia n SET Intel -BJB SHARE prices closed lower in line with regional falls and amid continuing concerns over the yen's weakness and a possible devaluation of the yuan, dealers said. They said it's possible for the index to fall further with the yen's continued weakness. The SET Index
      AFX-Asia  -  807 words
    • Article
      Lock icon SEOUL
      412 20 AFP QOmipoflttUtx jHLM SEOUL share prices rose 1.3 per cent yesterday amid heavy futures-led buying on the expiry of the June contract, dealers said. The Composite Index closed up 4.16 points at 328.70, off a low of 317.54. The benchmark corporate bond yield was down at 16.79 per cent.
      AFP  -  412 words
    • Article
      Lock icon SYDNEY
      590 20 Reuters PAH Orinuuitg -3*2 THE Australian share market dipped 1.3 per cent yesterday when Wall Street and Asian declines piled on top of concerns that the embattled currency would lead to higher interest rates. The All Ordinaries Index closed 34.2 points down at 2,558.7 after a somewhat firmer dollar
      Reuters  -  590 words
    • Article, Illustration
      Lock icon JAKARTA
      736 20 AFP IHI Corapostc Index *3.41 INDONESIAN shares closed 0.8 per cent higher yesterday on a strong rebound in selective shares and hope that pressures on the rupiah will ease in the coming days, dealers said. The Jakarta Stock Exchange Composite Index ended 3.46 points higher at 411.54, with turnover
      AFP  -  736 words
    • Article
      Lock icon MANILA
      299 20 AFP nUiafla -8&86 PHILIPPINE share prices fell 4.6 per cent yesterday to an eight-month low due to concerns about the depreciation of the Japanese yen and looming recession in Asian nations, analysts said. The Philippine Stock Exchange Composite Index fell 88.85 points to close at 1,829.02 points. Turnover was
      AFP  -  299 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8633 21 INDUSTRIALS Consumer pfolucti 1998 Last Vol Day Nat Cap C— Cl»mn Ml -ooo Hlgb Law PIT Sand 310 180 Ajinomoto 224 2 5 224 223 12.4 90.8 148 82.3 Angkasa 88 2 49 68 63 1.6 100.3 290 123 Apollo Food Hlg 150 4.4 60.0 388 190 BerjayaLand 240 6
        8,633 words
      • Article, Illustration
        Lock icon Shares 1.4% down but off lows
        421 21 AFP C 3 Composite Index -&86 MALAYSIA'S key stock index ended 1.4 per cent lower yesterday but off its lows amid fears about the fallout of a weakening yen, dealers said. The Composite Index fell 6.86 points to end at 483.00 but off an
        AFP  -  421 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3437 22 BONOS, LOANS WARRANTS m im( Vol Dav Lj«t Quote Ava H*. Low stno CM#M y SM *.r < 000) High V Low fc,,!! J,ll« Mc! 215 9 m 3000 m AMDS C5.5H*****6 12 9.5 12 20-5 7 3160 "Acar ******1 US$ 7 -0.5 3 7 7 7.5 8 95 8.5
        3,437 words
      • Article
        MPHB 98 wrt: better to steer clear
        195 22  -  WARRANT WATCH Ven Sreenivasan IT WOULD take a really foolhardy person to go looking for a warrant under current market conditions. As we have said many times in this column, warrants are bull market instruments. And it's the bears which are roaming the
        195 words
    • Article
      CLOB INTERNATIONAL
      2357 22 Transaction date Jun 11 MALAYSIAN STOCKS 5QK&& gg Cr 0r 1998 Last VI Day Last Ouata Mi Ml YM M M Cap Hgj Law Stno Campawy SO* rOOO) wn> U» Buyar U*r Cw Pit >■* "oS 28 m ***** AISB 50c 49.5 »05 113 50 473 *93 50
      2,357 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6715 23 Transaction date: Jiui 11 Or Or M Wt 19,8 Last VI Day Last Ouat* 01* Dl» YM Net Cap A<« Ml,h L# »»Ma Company Sal* OOP) H*gh Law Buyer Seller C'vr P/I Smll Price INDUSTRIALS 43 16.5 a 1020 ACE Dynamic s60c... 17.S cd
      6,715 words
    • Article
      SESDAQ
      1201 23 J 9 8 L*** V* On L*t Ouata Oto ON YM Hal C«« Aw| HI* L— Sttta C»w»—y Ml COOP) >«9» L— Mir CV M t— Prtca 134 79.5 2000 ABR Hlogs 5c 92- 85 91 44,9 M 243 76 2049 ASAutOlOc 83.5 *2 310 86 80 83.5 86
      1,201 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        226 24 Stacks Volume Easyknit HKIOc 9,596.000 •Magnum Corp50c 8,507.000 SingTel 15c 6.677.000 OUB Foreign 6,136,000 IPC Corpn 5c 5,774,000 DBS Land 5,125,000 HK Land USIOc 5,077,000 Wing Tai 25c 4,605,000 •Pub Bk Foreign 4,165,000 OCBC Foreign 3,918,000 Stocks DBS Foreign 27,447,232 OUB Foreign 24,271,260 OCBC Foreign 23,392,766 SPH 22,683,488 DOB Foreign
        226 words
      • Article, Illustration
        Respite for market on hedge funds' short-covering
        676 24  -  STOCK MARKET COMMENTARY Also helping is talk of off-budget measures; trading volatile as overall sentiment remains weak By Ven Sreenivasan THE Singapore stockmarket's benchmark index recorded its first rise in six days on the back of short-covering by hedge funds and vague rumours
        676 words
      • Article, Illustration
        HOT STOCK
        76 24  -  -by Shiv Taneja OCBC Bank's foreign tranche closed 20 cents higher yesterday at $6.15 on a volume ot 3.92 million shares, compared with its 10-day traded average of 2.85 million units. In the near term, the counter is likely to see an upward price trend, but it is
        76 words
      • ON THE GRAPEVINE
        • Article
          Recruiting assets
          102 24 WE HEAR that Citibank Global Asset Management (CGAM) is bucking the industry trend. At a time when several new fund management firms in town are rumoured to be retrenching staff or closing shop, CGAM is doing the reverse. A source said CGAM recently hired five equity researchers to
          102 words
        • Article
          It's not good to aspire
          80 24 IT IS better to be a former prime minister in Thailand than an aspiring one. That was how Thai Deputy Prime Minister Supachai Panitchpakdi chose to laugh off a faux pas by the Far Eastern Economic Review which had mistakenly introduced him as former prime
          80 words
        • Article
          Quick recovery
          203 24 ANOTHER person who used selfdeprecating humour at the same conference to effectively make a point this time about the faltering Hongkong economy—was Tung Chee-hwa. Some months ago, the Hongkong chief executive had taken a fall at a public event and that picture has won an award for the
          203 words
        • Article
          Amex wants yen
          91 24 A COLLEAGUE was amused over a letter sent to her sister from American Express which said her sister had been 4 pre-approved for the new Amex credit card. Why amused? Because the letter said, "But with your excellent record, our decision was really very simple—we want you
          91 words
        • Article
          Business is one big game
          82 24 WHEN reached on Wednesday for a news story, a reporter's contact offered to talk late next morning "because of World Cup lah". Next morning, the reporter made small talk about soccer's importance over work, and he said: "Oh course, people even lose their wives for
          82 words
        • Article
          How long, Dr Doom?
          102 24 MARC Faber, better known as "Dr Doom", who has been predicting an Asian financial meltdown for years, is a man whose time has truly come. These days, he's one of the busiest financial pundits in the region. During a rare spare moment yesterday, he told BT
          102 words
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      184 15 SGOSEN Ultra-High Responsive Head, Accelerated by Double Kickpo^Sy^em^ y, 300-yard drive, sensafion of achieving" 200 yard* with Roots Iron No. 5. AERMET-FACE, ultra-high responsiveness, more than double the toughness and tensile strength of Titanium 6AL-4V. I L GAV UN-SHAFT, double kickpoint system j T W with twice as much suppleness,
      184 words
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      52 16 This announcement appears as a matter of record only SIN SOON HUAT LIMITED -Jf /ff t /ft *J 5520,000,000 Transferable Loan Facility with Embedded Floating Rate Notes Call Option Lead Manager Arranger THE DEVELOPMENT BANK OF SINGAPORE LTD Facility Paying Agent ©DBS BANK THE DEVELOPMENT BANK OF SINGAPORE UD 12
      52 words
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      1217 17 OEBBBSOHHi Drsednsrßank AMtsngsselßGhsfl y Board Consolidated Balance Sheet condenaed at 31st December 1997 with comparative figures &SSJX Dtpl-Klrrv (Jura Ptucmaki Oraadnar Bar* AO. Hamburg Deputy Chamnan Assets Liabilities Ksrtßduach Legal couneeaor. Grunwato (fcom October 1. MS to May 23 1907 and Irom Septemoer IS. 1907) HarakJ C. Bwtor Oraadnar Bar*
      1,217 words
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      155 18 Notice is hereby given that copyright in the design of 'AIR FRESHENER' has been granted by registration under the designs act 1949 in the United Kingdom to 'CHEO KIM LENG' of 6 Lorong Nangka, Singapore and therefore protected in Singapore and other member countries under the international convention for the
      155 words
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      Page 18 Advertisements Column 2
      14 18 S~~ I love this job which I found through The Straits Times Classified. CATJ&
      14 words
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      33 22 Lonjhes longinesSole Distributor: SMH SE A. (S) PTE LTD I 1 Alexandra I i I Singapore *****7 Tel: *****88 Fax *****96 vJI V/C V I L'ELEGANCE DU TEMPS DEPUIS 1632 i J I
      33 words
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      Page 23 Advertisements Column 1
      53 23 I A buyer I love this car\ WW 1 the very J f that I found nexr Hay J I through j s The Straits Times B Classified. J Buying or seIUM through i a® 1/ The Straits Times Classified is child's Play. pretty car! J 1 Ttucamir £tt Call
      53 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      683 24 BUSINESS X()ti('(\S* To advertise call toll-free IXOO-741 IXS3 I [VI L&M Group XJfi. X Investments Ltd (Incorporated In the Republic of Singapore) NOTICE IS HEREBY GIVEN that the SIXTEENTH ANNUAL GENERAL MEETING of the Company will be held at 20 Upper Circular Road #03-06, The Riverwalk, Singapore *****6 on Monday,
      683 words
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      Page 24 Advertisements Column 2
      356 24 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF FORMOSA MACROS PTE LTD ON LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of the Company signed by the Representative of Holding Company relating to Proceedings of Subsidiary Company pursuant to Section 179(6) of
      356 words
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      Page 24 Advertisements Column 3
      448 24 IN THE MATTER OF THE 1 COMPANIES ACT CAP 50 AND IN THE MATTER OF MNM ELECTRONICS (S) PTE LTD NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP (pursuant to Section 290) At an Extraordinary General Meeting of the members of the above-named Company duly convened and held at 78
      448 words
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      Page 24 Advertisements Column 4
      942 24 WING TAI HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF CLOSURE OF BOOKS Redeemable Convertible Cumulative Preference Shares Second Cumulative Preference Dividend of 1.5% p.a. payable on 15 July 1998 NOTICE IS HEREBY GIVEN to the holders of the 150,000 1.5% redeemable convertible cumulative preference shares of US$l,OOO
      942 words
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      Page 24 Advertisements Column 5
      189 24 Notice To Creditor* And Cootribatories Of First Meeting h Ito N* C«rt 01 fte fcpMc Cowelll WH»| U» WO. 47 o< 11 to flaMcmrdila Compart* Ad Oap*r 90 M In la IMtor d PMak ManatkMd Pli lid nanad company dalad 17t)dayd Apri 1998) NOTICE is haabygwanlhata IK QritaafMHMfeMMM wi ba
      189 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      303 25 Bridge News, Reuters A FEW more Panamax cargoes were quoted In the Atlantic, but fixtures remained scarce, brokers said. Fixtures TANKER& West African Suezmax rates were reportedly achieved at higher levels, surpassing the ws 70*8 range and now hovering in the high ws 80's to the low ws
      Bridge News, Reuters  -  303 words
    • Article
      MARITIME STOCKS
      251 25 II *1 CWT Distribution 0.415 -0.005 19 ChuanHu* 0.34 -0.005 66 Coses Invsttmsnt 0.47 uneh 33 rrstaMUnks 0.20 until 7 022 Hal Sun Hu# 0.44 *0.02 27 H*sc*Zssan 0.59 -0.01 117 IMC Hilly HK 5.40 JaysHsMIn* —0.395 -0.005 13 Jursna SNpytrd 7.65 *0.05 M KsppslCorf 2. VI *0.05
      251 words
    • Article, Illustration
      Lock icon S'pore shipyards face tough int'l competition
      416 25  -  Bntontlookfor oil rig, conversion and tanker markets remains positive Byl Rahita Elias [SINGAPORE] THE outlook for Singapore's marine industry remains mixed as players face tough times ahead given the stiff international competition, according to Heng Chiang Ngee, president of the Association of Singapore Marine
      Source: ASIA  -  416 words
    • Article
      Shanghai setting up shipping service centre
      260 25  -  From, David Taylor in Hongkong THE Shanghai Shipping Exchange (SSE) is developing an International Shipping Service Centre (ISSC) to simplify cargo inspections and cut costs. Shippers will be able to complete all required inspections in one place, drastically reducing time and expense, said Xu
      260 words
    • Article
      Master's death partly due to failure to follow safety measures
      766 25  -  ADMIRALTY CASEBOOK By I Selva Kumar PAILURE to practise good seamanship and the absence of standing orders for deck watchkeepers have been cited as some of the factors that contributed to the death of a master after he fell off
      766 words
    • Article
      Rates on westbound US-Asia trade to be raised
      436 25  -  Major lines on trans-Pacific trade to impose increases over next 7 months By Marcus Hand [SINGAPORE] Major lines on the trans-Pacific trade are fighting hard to push back up rates on the westbound USAsia trade which have plummeted since the beginning of
      436 words
    • Article
      Philippine shipping line seeks to build up core business
      377 25  -  From, P T Bangsberg in Manila HAVING got a welcome cash injection which provided some relief from heavy debt, a locally based shipping line and port operator is looking for more opportunities. Negros Navigation Co Inc was taken over-earlier this year
      377 words
    • Article, Illustration
      Well placed to weather storm
      1329 26 SINGAPORE AIRLINES Former chairman looks back on his two years with SIA and outlines the challenges facing the group S Dh&n&b&l&n relinquished his post as SIA Group chairman on Kay 30 to head DBS Bank. We reproduce below excerpts from an interview with SIA in-house
      1,329 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      348 26 PAGE Ethiopian 6 ACL 9 Evergreen 6 AML 3 Farwide M Accord 8 8 Ahrenkiel 14 FroU 15 Appenship 5 Frt Links AsiaOCL 15 CL 4 tt Astro 3 G«witr«ns Austral 9 Genshpg 9 Avant 16 <WoryN» 16 B'tanq Mas 8 HaiSonHup 8
      348 words
    • Article
      SHIPPING GUIDE
      16367 34 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartlsar Vassal Voyaqa Talaphona ETA ETA Advartlsar V.S.* Voyw TWapnona SIN Dast'n Item. Nam. Numbar Numbar SIN Dastn Nama Nama Numbar Numb* To BRISBANE (BNE) 2058 A Queensland, Australia To ABIDJAN (ABJ) 2003 «/<* 24/04 misc b. tebasek m u-imuz Ivory Coast, Cote
      16,367 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        706 41 Vessel Voy Mo Berth Arrive! Popart art J—|W AraMa 5 31 JO (tongsM 11.04/2359 Modem 011 JH ilanpHi n.04/1900 MCMriZ JVmO J01 MapMi n.04/2359 MaM Jay *****0 JOI llupKl 11.04/2300 RSIMass* *****6 J01 «Mo** 12 06/0600 M Sar *****6 JOI MaoM* 12.04/0200 M Swv *****6 JOI *M*M n
        706 words
      • Article
        CONTAINER SCHEDULES
        1622 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Batonc* Rstls Ship Voy Mo Etb/Btr Ptrtod From To Frow kitn orn I2/2JH M n/HOO MOW I0/1M0 wrsoc now now a nvrroo vow vow 21 WT70C VOW 'VOW 1 IV0700 n/iw» tvmoo 4 WOO WW* tVTOO (-r- tint 5 n/noo
        1,622 words
      • Article
        GLOBAL HOLIDAYS
        163 41 Jul2 Philippines: Independent Day. Jn 16 South Africa: Youth Day. Jul*. Finland: Midsummer Eve Holiday. JuSO. Finland: Midsummer Eve Holiday. Sweden: Midsummer Eve Holiday. la 23. Luxembourg: National Day. Jm3o Brunei: Half Year Bank Closing. JalL Canada: Canada Day. Hong Kong: SAR Establishment Day. joi a. Hong Kong:
        163 words
      • Article
        COCKETT BUNKER MARKET REPORT
        727 41 THIS report compiled by Cockett Marine OU Ltd. show* price ranire* in US dollar* inatead of alngle price* for a more comprehenalve deacriptloo at the market Price* ahown are baaed on average aiaed atem. Market move menu are Indicated The Cockett Bunker Price Index change and
        727 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        373 41 CvtN BO MB W2-2 10 *0 0.® 72 0.07 Hate rmMm A* MmMn Tiftmirt MoMomE25 7 0 B 0 0 0 Jw4 300 AM 967.3 04 *7 0.06 12 0.03 300 Mai MS M IS U 72 0.09 MAT! %W MM mmt Ho a*OM 035 5
        373 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        PAL cabin, ground crew threaten walkout
        590 42  -  Air France services expected to be at 80% today with pilot dispute settled By\ Felix Chan [SINGAPORE] Philippine Airlines (PAL) faced fresh worries yesterday after its cabin and ground crew threatened a walkout if the airline goes ahead with plans to downsize. The threat
        590 words
      • Article, Illustration
        Aussie nod for Ansett, Air NZ, SIA alliance hailed
        299 42  -  By\ Felix Chan [SINGAPORE] Singapore Airlines (SIA), Ansett Australia, Ansett International and Air New Zealand yesterday welcomed a draft approval by Australian competition regulators for their proposed commercial alliance. Speaking on behalf of the alliance, Ansett Australia's executive chairman Rod Eddington
        299 words
      • Article, Illustration
        Lock icon German high-speed train resumes service
        60 42 [ESCHEDE, Germany] Rail traffic resumes with the first commuter train slowly passing by the covered wreckage at the crash site in Eschede on Tuesday, where a German Intercity Express high-speed train, travelling at 200 kmh, derailed and slammed into a road bridge last week, leaving
        REUTERS  -  60 words
      • Article
        Lock icon GM workers staging second strike
        394 42 Strike threatens more than 60% of N American output Bloomberg [FLlNT, Michigan] General Motors Corp workers was to call a strike at a second parts plant in Flint, Michigan, yesterday, further crippling the company's North American operations, a United Auto Workers bargainer said. The factory
        Bloomberg  -  394 words
      • Article, Illustration
        Lock icon Boeing unveils 100-seat aircraft
        581 42 It is the first new plane from the Boeing-McDonnell Douglas merger Reuters [LONG BEACH, California] Boeing Co on Wednesday unveiled its latest jet, the 717-200, which it hopes will become the airplane of choice for regional carriers around the world. The plane was developed by McDonnell
        Reuters; REUTERS  -  581 words
      • Article
        Lock icon Profit margin under pressure
        123 42 NYT [SEATTLE] Boeing Co, the world's biggest aircraft maker, said its profit margin will remain under pressure for a while as plane prices fall and it relies on new jetliners that are not as profitable as some of its older models. The company's range of products
        NYT  -  123 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1475 42 CITY FU6HT ETA FU6MT ETD C2351 2045 $0004 W» amm» $0230 wo nm* vwT4i 010 ow DmMm ****** 0755 K1044 0040 I yW7<0 m $0327 0755 6A974 2255 HalYal T6407 1540 ***** *35 turn mm mm noo mm aoo wtw »a MM KZ42M 2080 W4205 2045
        1,475 words
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      Page 25 Advertisements Column 1
      18 25 SIA well placed to weather storm S Dhanabalan looks back on his two years with SIA. Page 2
      18 words
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      Page 25 Advertisements Column 2
      182 25 PAL crew threaten walkout Air France services expected to be at 80% today with pilot dispute settled. Book Page .news travels fast Sl\(i \l'( >K( when vim v\;iiil In iWilli out to a sclcet taruel audience in ilk' transpoi t and louislics iiuinslr\. onl\ oik dail\ oilers \ou ilk' advantage
      182 words
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      Page 26 Advertisements Column 1
      1157 26 I NORTH AMERICA I I EXPORT I OTHER DESTINATIONS SSX SUPER SHUTTLE EXPRESS DIRECT TO LA DIRECT SERVICE TO WEST COAST SOUTH AMERICA/ASIA ANPES EXPRESS SERVICE (W) vest Ivor rash ibsb uo m mm lat I a Inoan wssa vor m mmojmiq Ihibmvbitwa [quao oo Itauwui unautsu IvAirAmso rrr: ~=r=:
      1,157 words
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      Page 26 Advertisements Column 2
      691 26 Members of the |2Ko*!| by Men*efS at the Registry o< nS»I Singapore Frert*Forwarders VMpKy Accredited Shipping Agents, Association vg >*i 2/ Singapore Shipping Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBUIX PROJECT CARGO TO DAMPIER/FREMANTU (MONTHLY SERVICE) MV "ARKTIS OCEAN" V.9809 ETA SIN 16/06/98 BOOKINGS CALL JUUA/MONtCA TEL 323 4374
      691 words
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      Page 27 Advertisements Column 1
      1046 27 TO EUROPE FROM EUROPE Ivfssa VOY SM KTM AM HAM MY SOU FIT \oT VKSB VOY RTM AM HAM MY SOU KT 10 SM HYGBOAL 312W IS/04 02/07 04/07 07/07 01/07 NOLFfAM 00» 20/05 25/0$ 27/05 22/05 14/0* BK 547W 11/04 11/07 01/07 00/07 00/07 TYNt $211 24/05 21/0$ 20/0$
      1,046 words
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      Page 27 Advertisements Column 2
      1750 27 I HANJIN SHIPPING HANJIN SHIffING (S) rtl ITO tap //mm. ha*, cm MOOW 32*0235 237 SAIfS 32*0224 231 OHM 33*0771 274 OKUTKWS 32*0241 252 MAM UK *****55 FAX 222WM (J HO U534f300Q0N TO NW USA A CANADA USA CANADA* rot w/vot |mif si uNimm/voT I I nw «I ro I
      1,750 words
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      Page 27 Advertisements Column 3
      207 27 F UUY CON TAIM■ Hp > p plO 1 C IP "'.V.. C g 1 111 I *1' I 1 I 11 imTf woffc ffiftfi |am I SSI BHYUHIVU gtlKTa APIS I' Qt 1 ?;/0t KQKTAHIA OfS |?S'Ttt| 30/06 I OfW 10' .V I OS/07 07/07 of/D7 j 10/07 KBC
      207 words
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      Page 28 Advertisements Column 1
      1433 28 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEDITCRRANEANCANADA VOY SM LEH HTM AKH HAM WW FIX jggg. VOY UK JEO BIT SPE FOS VLC MTR HANJtN SAVANNAH WM27 12 M 13 17 MO7 12 17 03 07 N. 17 PACIFIC SENATOR **M 27 11M 22 M 21M KMIB 07 Mil 1117
      1,433 words
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      Page 28 Advertisements Column 2
      1305 28 MY YML W«b Srte http: //www.yml.ccwn.tw [znojjHEiEiiiissEEiiiMifflnnniiEinßziiniiiizisEniHi rw,a eb q- y EV»Y THJwoAr«uNo*r VESSEL vor SW RTM HAM FXT LEH ANH MING MOON AB23W 13/06 05/07 03/07 02/07 06/07 MING SOUTH JB23W 14/06 01/07 03/07 04/07 06/07 DOVER BRIDGE AB24W 19/06 11/07 09«7 06/07 13/07 MING NORTH JB24W 21/06 06/07
      1,305 words
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      Page 28 Advertisements Column 3
      429 28 LINE ST TIL: *****56 FAX: *****12 War a j labuan VBSa VOT ITO ITA VKSfi VOY FID FU SfOßf MUAIA STOtf UN IPtOSIW VISI/00 12/0* 15/ M inWKI 12/0* l*/0t /maorr visi/w u/o* 20/0* *wgw«y via/* 17/0* 21/0* J.HWSKO Vl*i/W 21/* 24/0* IfOOSfH Vl*t/00 21/11 2S/M mcurn vi«(/w 2*/ot »/o*
      429 words
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      Page 29 Advertisements Column 1
      1148 29 VOV lUN I POU I PKO I PIN I BLW I 6UR I DUB |EA I BIK I IRAN TEYPOURI PJL 1287 08/06 17/06 16/06 IRAN MOBIN PJL 1863 80/06 86/06 30/06 IRAN QHEYAMAT PJL 1868 06/07 14/07 16/07 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E.
      1,148 words
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      Page 29 Advertisements Column 2
      1563 29 PliiCT SJUUMO to wiiimi ixmMM I SWGATORE'S GENERAL AGEHTS: 6 SHENTON WAY TEL: 226 1900 FAX: *****01 OUTWARD (BA) 4205*02 JOHORE OfFKI: COSTAR SHIPPING PTE LTD #17-04 MSIIDC SAUS/BKGS 4205M1/43 inward DOT (D/ 0) *****15 COSTAR AGENCIES (M) SDN BHD _CR NfcjITITIMOOOM TOWIt TWO (OWQ4) CONVENTIONAL *****50/55 T/SHPHTPfPT *****25 TEL:
      1,563 words
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      Page 29 Advertisements Column 3
      541 29 EASTERN CAR UNER, »t I to. wnwom) pn lip jXESIL SPIOAUZI IN RORO t. HEAVY UFT UFTO 122 TOMS Kl (SINGAPORE) PTE LTD LOADING FOR HO CHI MINH/HAI PHONG COLOMBO JSZSSS* MV "ORANGE MOON* V.102 EIA SIN 09/06/98 ETA OB 14/06/98 CHITTAOONO/CALCUTTA MANILA/ CEBU MV "IB EVERETT" V.B MV "TERfSA
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      Page 30 Advertisements Column 1
      1252 30 I EUROPE/UK/SCANPINAVIA/FtNtANO/RUSSIA I riiTl ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG P*L SGP I. DECENT RWOG4 14*6 #2707 07/U7 03/07 0547 0647 E GAINING RE 063 17/06 19/06 20/06 11/06 22/06 16/06 1646 E. DELUXE RW 003 20/06 ***** 154)7 11/07 1347 144)7 15*7 E GOODS
      1,252 words
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      Page 30 Advertisements Column 2
      645 30 Am MAC-NELS S'PORE M'Slfl I Canltr MN CONTR LINES, NIC pguoahq:(cd3»7w KtV' J«* 18******008 «BU: (004) ***** V MAMLA: (632) *****24 V PENANG: (04) *****36 BANGKOK: (882) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT. (21) *****07 MOW: (81) *****3 KUCHMQ (082) *****1-3 SHANGHAI MV "DANUBE" V.538E ETA SIN:
      645 words
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      Page 30 Advertisements Column 3
      416 30 na> NANTAI LINE j FUUY CONTAINERISED SERVKE TO MAURITIUS SOUTH AFRICA VKSa 1 VOT 1 SW I Wl) I P0» I CPT I I/MT" mwyyaus y.027S 12/ot :i/o* ?i/Dt ow 04/17 GOLDBI DtAGOW Y.005S 20/04 30/04 04/07 01/D7 lUMUIf»WaSS Y.022S 27/04 12/07 14/07 mnMQUffli y.o2ts 01/07 iy/P7 21/07 24/07 30/17
      416 words
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      Page 31 Advertisements Column 1
      379 31 1 BSfl ±T\ %UUB MYANMA wBBk FIVE STAR LINE (Myanmar Notional Lino) loading for Yangon (Rangoon) VESSII VOY SIN KG KN POU (AGO 102W SID MONGIA ISW 11/0* MALAYSIA AGENTS: MUSTIAD SJNPPMG AGENCIES KUL TH 02-03-*****00 ML Til 02-03-*****01 PIN; TE 02-04-2612*02 PGO: HI 02-07-*****21/4 BANK LINE (A sorvk* *f
      379 words
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      Page 31 Advertisements Column 2
      1182 31 IA HYUNDAI I MERCHANT MARINE CO. LTD. ivcsa vor~ sou iaj ww Am ihaw oov m I [vtssa vori sou I uh rm ant har j mv wTTTI LA LOW S2IW 12/04 03/07 04/07 20/04 30/04 NOLPtARI 008 20/05 27/05 23/W 24/05 TIT* HY GiNERAL 312W 15/04 01/07 02/07 04/07
      1,182 words
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      Page 31 Advertisements Column 3
      997 31 fwwegen spocohzed oukxamm tHNMmiHELAiSE/V (Jto)3(Qlff Mr wmu/ves TO NORTH AND LATIN AMERia "*ORO HEAYYUFT SERVICE' fvissa VOY RAMP HEIGHT SIN LAX CM. MIA SAV Ml Off NYC WW MOO TOM FII2 440 Imm 4JJI Ipf W/67 l>/67 Jo/67 2*/07 U/M 25/07 i*/67 OT7ST TARONGA FII3 4001 m 4.3 M 29/0*
      997 words
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      Page 32 Advertisements Column 1
      652 32 IAWOKOK/LAIM CHAIAMO JAKAWTA/MNJAMO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN MATHU BHUM 367N 13/06 17/06 18/06 ANRO GOWA* 037 13/06 17/06 CHANA BHUM 22N 14/06 17/06 OEJA BHUM 7513 13/06 18/06 ACXJADE 22N 14/06 17/06 16/06 ACX RUBY* 24S IS/06 18/06 YANTRA BHUM** 244N 14/06 17/06 18/06
      652 words
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      Page 32 Advertisements Column 2
      496 32 BINTANG MAS SHIPPING PTE. LTD. 36 NEIL ROAD, SINGAPORE 0206 TEL: *****66 FAX: *****64 TLX R*****5 SINMER CR No: **********0W Receiving Cargo at PTI I Blfitulu Muara I VESSEL VOY SM ITU msa ¥31 SM WM I kbit V9806t 14-17/04 72/04 MM V9611E 15-14/04 71/04 I Sail V9012E 72 73/04
      496 words
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      Page 32 Advertisements Column 3
      648 32 m »CCORD A SHIPPINQ PTE LTD V-V *****13 (40 LirMf) PAX *****30 fOKTKUm (03) M/ 1001 K M DMfCY ACCESS Hi: *****55 (IXFOKT OOOKINO) MM GUOAMG (07) SSIIS77 *****34 (CXPORT DOC), *****39 (IMPOtT) mMM (04) 532 l*4t —UBUHTTP://WWW.ACCOM).COM.SG AUMMI J (11)*****70 EOCT ITA SIM POtT ETA SIM POET ITA SIM
      648 words
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      Page 33 Advertisements Column 1
      402 33 TO EUROPE EXPRESS SEMt-CONTAJNERtSED SERVICE ~55[ VOY SPORE A'DAM/R DAM H BURG IREMEN ANTWERP a vessel rim run omit 02/00 TO AUSTRALIA FULL COWHMNER SERVICE m WW roTTST HK Mt OT MB HM «H w AUST EMTERPMSE V.ISS 11« UM 2MO 2MO 2100 02*7 «*7 api worn 7W iMHui aw
      402 words
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      Page 33 Advertisements Column 2
      855 33 C PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I I CB NO **********06 il I W MB w* fM ,Hft f -*®—II I OOCI ACCLAIM 015 12/6 13/6 25/6 27/6 3/7 10/7 JIZJ_ I I lUNGA TEBATAIDUA 8TD223 16/6 Tfyj 29/6 \h Hi
      855 words
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      Page 33 Advertisements Column 3
      891 33 VWiWjS VOY W I JED MLA LEH MAM THP RTM ZEE V-LEDE TAURUS A26W 16*06 jjgj 28/06 gg 06/07 06/07 gg (WOT VILLE D'AQUARIUS U2BW 23Q6 01/07 06/07 12*07 13/07 15/07 15*07 16/07 VXEOEAWTAftES L2BW 30/06 08X07 13*07 19/07 20/07 22*07 22*07 23*07 VILLE DE VIRGO S26W 07*07 15*07 20/07
      891 words
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      Page 35 Advertisements Column 1
      45 35 VaUl ST^j^Dial74o-6000 OF! Q€fH3nd (Retrieve more schedules!) Press "V JCV Select the port and key in the four digit code —eg: To New York (NYC) 2275 n ur ax num^er STMjyEnter your phone number Another innovative service offered by document Will be Shipping Times 315/2l>s£.
      45 words
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      Page 37 Advertisements Column 1
      44 37 STrf^Dial74Mo^^O^Q€rri3nQ MmJ (Retrieve more schedules!) Press-1-c< jp\ Select the port and key in the four digit code eg: To New York (NYC) 2275 Hj| Key in your fax number Enter your phone number Another innovative service offered by The document Will be SHIPPING TIMES
      44 words
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      Page 38 Advertisements Column 1
      791 38 SAMUDERA SHIPPING LINE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. IM7MMOOOO BOOKIMBSCALL DIRECT LIME: *****41 /43 JE SS ICA/CELIA/MEICHAN J2233H8E838 7 slqs/week 2 slg/week "vessil p*s? —rss tjak ivMfa- w>v m SINAR NUSA 1006 IN PT
      791 words
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      Page 38 Advertisements Column 2
      634 38 I*o* ENG LEE SHIPPING CO PTE UDI I wVa Tali *****75 It Um<) Nii UNUt/llttNO c« w« isnwiiMoc I VESSEL VOY SIN ETA SIN ETC DESTINATION Unggul Joyo 08/98 01/06 09/06 Pwowonj/P. Boru/Dutnoi Union Slot 8 07/98 07/06 09/06 Oumoi/Bucton Motto Polo 24 09/98 09/06 10/06 P*owong Ihohoßoru 07/98 10/06
      634 words
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      Page 38 Advertisements Column 3
      356 38 I^LUMU SIM FAR EAST 14/06 KEELUNG/KAOHSIUNG 14/06 BANGKOK 15/06 MANILA/CEBU 14/06 JAKARTA/BELAWAN/SURABAYA 14/06 PORT.KELANG/PENANG/E. MALAYSIA 17/06 BUSAN 14/06 TOKYO/YOKO/KOBE/NGO/OSA 14/06 HONG KONG SIH CHIN* (*H#±Wta) 14/06 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU OALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIM EUROPE/UK 14/06 LON/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIM USA/CANADA 14/06 LOS ANGELES/NEW YORK all IPI
      356 words
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      Page 38 Advertisements Column 4
      395 38 Irrrm Singapore Soviet Shipping ftNICo. Pte. Ltd. CB HO: **********011 VESSEL VOY SIN BOM PNO PKL KOTARUKUN RKNOO6 21AM 28/06 10/07 12/07 KOTARATU RTUOI3 2SAM 08/07 17/07 I«AJ7 SEA SUCCESS 1 11SN 04/07 12/07 24/07 26AT7 KOTARUKUN RKNOO7 13/07 21/07 02AM 04AM For Booking (Calcutta) Tal: *****45/46/47 ivma voy tm
      395 words
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      Page 39 Advertisements Column 1
      1081 39 i ASIA MEDITERRANEAN EXPRESS (AMI) WESTBOUND SERVICE I Vtssa I VOY 55 CMS I PIR I GOA I VIC LEH I ANR I FXT~~] I MX OSAKA QQSE 13JUN omit omit omit omit iajul 13 jul m jul I MSC REBECCA 9822-3 15 JUN 19JUN 28 JUN 30JUN 02 JUL
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      Page 39 Advertisements Column 2
      1840 39 iSaMM** 03mn 'h* nST" ffo* IHV|W|B* IP I ?T9H I »9W Ml [twrrp HOtOfiTDMS 39WA23 11* 27* 29 ttE *2$ ImtS WS 01M30 ,7 #i ,I#S 2105 15* 14* 20* 11* PONI SOUTHAMPTON 01WA24 1106 04.07 0107 07 07 IIJ>7 *!!!i5L_ 041A21 24* 2105 27* 29.05 14* 72.06 23* 25*
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      Page 40 Advertisements Column 1
      529 40 IB VESSEL VOY SIN MAA SIN I TIGER WAVT 630N 17-17/06 22 30.06 05-06/07 I TIGER BAY 631N 19-2006 25-04.07 08-09/07 I TIGER ISLAND 632N 21-22/06 27 06/07 11-12AJ7 I TIGER BRIDGE 633N 26-27/06 02-11/07 16-17/07 1 TIGER WAVE 634N 05-0607 11-14/07 19-2007 I TIGER BAY 63SN 08-09/07 13-16/07 21-22Q7
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      Page 40 Advertisements Column 2
      708 40 I FREIGHT LINKS EXPRESS JHT 62 Toh Guan Road, Singapore *****1 Tel *****66 (60 Lines) Fax: *****33 E-mail flesin@singnet.com.sg CONSOLIDATION SERVICER) THE FOLLOWING PORTS REGULAR SERVICE TO SANTOS (BRAZIL), SAN ANTONIO (CHILE), CEBU (MANILA), BUENOS AIRES (ARGENTINA), ALEXANDRIA (EGYPT), ISTANBUL (TURKEY), IZMIR (TURKEY), SHANGHAI (CHINA), XINGANG (CHINA), PASIR GUDANG (JOHORE
      708 words
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      Page 40 Advertisements Column 3
      768 40 OOCI (Sinooporel Pte Ud I 79 Ami Road #21-04 (S) *****4 Mk 513 001-120 efc, CX NO **********0 M M 272 7127 fmMth f 1* *****13 Fu 221 3942 Fu: 272 712S (f/Rfftl If (Malaysia) Sdn. Bhd. WTAUNC JAYA T«fc 01-75* 77* Fu.-03-75*5 342 3269 180 KNANC T«fc 04-*****45/1 Fu:
      768 words
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  • Page 41 Miscellaneous
    • Miscellaneous
      Page 41 Miscellaneous Column 1
      103 41 LEGEND: 4 R Thunder»iorm Temperotvre *Q V Shower Weother —Y Wind direction wrth sp««d in knots Rain Cloudy Sky Wov« herght Swrfac* «Wl art mdicoted by arrows wfctdt fly witfc tfce wind On. KJ arc* represe nt* catm or Koit and vorioMe winds WOntho* fleche represents 5 knots One represents
      103 words
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      59 42 M. V. "YUKARI" VOY. 16 ARRD 7 JUNE 1998 Consignees of all damaged cargoes ex the captioned vessel is hereby notified that a general survey will be held on the 15 June 1998 *****200 hours at P9 (NTY's Office). No further survey will be entertained thereafter. Aa Agents: "K" LINE
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