The Business Times, 18 June 1998

Microfilm: NL21197
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA(P) IKVI'^97 85C SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, JUNE 18, 1998
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  • Article
    MARKET SUMMARY
    58 1 □5» (+58.74) D«a?(+2i^B) BTOOMP 133J2 (+43.27) DSSM+2I.79) QMAMETMOOD: STOCK MA1XET HDfCES Wednesday Change KLSEOOIP 4S0L88 +15.04 NIKKEI 14,7 IMS (.00 HANOSENG __J8 > 6H*_+477J0 SET INDEX ***** +16*0 JAKASTA COUP ***** +1993 MANILA COUP —1.7H18 -1017 TAIPEI WPI 7,40U8___+€tll SEOUL OOMP 303.81 >1181 CLSA CHINA B 770.19 >9.62
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  • Article
    FINANCE
    75 1 FOBEZ BATES USI St USS 1.719 £<U8f/8$ per 1.667 1849 DM 1.79J 0.969 YEN 1«J 13W SM 4.03 0.427 HfCI 7.74 0.222 BART 4353 0.040 WJP1AH 16,450 0.010* 'St to 100 unto PUKE BATES SINGAPORE* 188 KUALA LUMPUR 11.50 JAKARTA .28.00 riANGKOK 14.75 MANILA HOKGKONG 10.25 TAIPEI A8» SYDNEY
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  • Article, Illustration
    Lock icon US, Japan action sends yen soaring 4% in NY
    1215 1  -  Bat move stop* short of G-7-wide actiondealers doubt reversal would last From Anthony Rowley in Tokyo SPURRED by China's blunt warning of a yuan devaluation if the yen continued its relentless slide, the US and Japan jointly intervened in foreign exchange
    Source: Bloomberg  -  1,215 words
  • Article
    Lock icon Dow jumps 183 pts at 1pm EDT
    70 1 Reuters [NEW YORK] US blue chips soared more than 200 points late yesterday morning as an early rally, triggered by a rebound in the yen, continued. But by Ipm EDT, gains were moderated, though still hefty at 182.60 points. That brought the Dow
    Reuters  -  70 words
  • Article, Illustration
    Lock icon Rupiah slump could mean political fallout for Habibie
    513 1  -  Currency hits 16,800 before closing at 16,525, down from Tuesday's 15,000 From, Shoeb Kagda in Jakarta IN what analysts said could have political implications for President B J Habibie's three-week-old government, the Indonesian rupiah fell to a low of 16,800 in offshore
    Source: Bloomberg  -  513 words
  • Article
    Rumours fly as Morgan Stanley Asset Mgt revamps S'pore ops
    521 1  -  By I Shiv Taneja, Wong Wei Kong [SINGAPORE] Blue-chip investment management firm Morgan Stanley Asset Management (MSAM) is reorganising its Singapore operations, but company sources deny rumours that hotshot fund manager Chin Ean Wah is leaving. For the last several
    521 words
  • Article, Illustration
    Lock icon HK, S'pore stocks surge over 5% as region rallies
    497 1  -  By Ven Sreenivasan [SINGAPORE] Hongkong and Singapore stocks soared by over 5 per cent as regional equities shook off a long depressing slide to rise smartly yesterday. Fuelling the rally was a recovery in the battered Japanese yen and a technical
    Source: Bloomberg  -  497 words
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      137 1 mane W«4d standard The new disclosure policies recommended by the financial review subcommittee will align Singapore banks with those in developed countries, says DPM Lee Hsien Loong, Pf 17 Hack Lick Stew External auditors' reports can be an invaluable source of data for investors, as an assessment of IPC's books
      137 words
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      Page 1 Advertisements Column 2
      57 1 Come ride with us New cars on Singapore roads. Interviews with motor industry leaders. Impending changes that will affect your wheels and your business. A monthly car market analysis. And for readers looking for a car, an exhaustive Open Market Value guide These and more in a new weekly BT
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      19 1 ili jflft ?v ,< :r t j£p«9HHK& m f \*m*t#ez~~ m B|V^ 1 A r with l)0i ll' I'' c~
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  • SINGAPORE AT HOME & ABROAD
    • Article
      3,000 HP staff told to take leave to help cut costs
      470 2  -  Five-day enforced leave for staff of inlqet printers, cartridges anits By i Carol Eng SOME 3,000 employees of Hewlett-Packard Singapore or one-third of its total staff have been told to go on leave for five days, as part of
      470 words
    • Article
      Philips lays off 200 over past 12 mths
      160 2 DUTCH electronics giant Philips has merged two of its Singapore factories and laid off 200 production workers in the last 12 months, a spokesman said yesterday. The company's colour television and audio factories, both housed at Philips' Toa Payoh complex, have merged
      160 words
    • Article, Illustration
      Lock icon Fujitsu ups share of Asia computer market
      469 2  -  Q1 share of desktop sales in M'sia, HE, S'pore doubles By. Annette Pan UNFAZED by sluggish personal computer demand and the regional economic woes, Japan's number two personal computer maker Fujitsu is reporting growing market share and considering new investments in Singapore, senior
      ARTHUR LEE  -  469 words
    • Article, Illustration
      Lock icon Options to lift economy limited?
      358 2  -  EYE ON THE ECONOMY Policy options By Jennifer Lien ANTICIPATED government measures to boost Singapore's slowing economy will not lead to a speedy recovery, investment bank J P Morgan said in a Global Data Watch report last week. "The harsh reality rather is that Singapore
      Source: JP Morgan  -  358 words
    • Article
      Lock icon S'pore refining profits improving: traders
      447 2 But refiners are not convinced that good times will last Reuters SINGAPORE oil refining profits are recovering as crude prices take a beating, but refiners are not convinced the good times are here to stay and will not ramp up production just yet, traders said
      Reuters  -  447 words
    • Article, Illustration
      SSO endowment panel plans to raise $10-$15m in 2 years
      455 2  -  By I Soh Tiang Keng THE endowment committee of the Singapore Symphony Orchestra plans to raise between $10 million and $15 million from corporations and individuals in the next two years. This was revealed by Peter Woicke, a member of
      455 words
    • Article
      Fall in S$ won't affect inflation, exports: experts
      540 3  -  But it will keep interest rates high, hnrting sectors like property, banking By' Wong Wei Kong THE recent sharp depreciation of the Singapore dollar against the US currency is unlikely to lead to a spike in inflation, said economists. But neither will
      540 words
    • Article
      S'pore earns 0.4% more from tourism
      348 3  -  By. Kau Yi Kang DESPITE fewer tourist arrivals last year, Singapore chalked up a slight increase in tourism earnings of close to US$B billion (5513.7 billion), the 13th highest worldwide in 1997, according to the World Tourism Organisation. The Madrid-based organisation's figures show that
      348 words
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      161 2 New. For men with nerves of titanium. iSBSRSi jjtti Ref. 3707 The new GST ChronoAutomatic in titanium. Non-magnetic, non-irritant and corrosion-resistant. The GST is also available in gold and steel. From S$ 6180 IWC Z66S http://www.iwc.ch Singapore: Asia Watch Centre Ptc Ltd, Tel: 440 4208 Chew Cheong Walch Centre, Td:
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  • Page 3 Advertisements
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      206 3 1 £^E Ki Rnr •&J V iBU ak E** V There's no bener way to unwind a, the end of a bitter work week. Festival of Am. comedians, arts and ar.is.es f ro m an>und ,he than w,,h a sweet dose of m- a lazz lan, Session. ,ha, is. Ever,
      206 words
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      Page 3 Advertisements Column 2
      127 3 y/jJ i /A X. cAirrnm S AJtcmatiC if Automatic movement. Water-resistant to 100 metres. Prices range from 554,830 z I Available at: Cortina Watch Centre SINGAPORE Cortina Watcfi Cntn# Pw LW twin. Oy #01-36 T* 339 9185 Fa, *****66 Lucky Plan #01-32 Tl *****66 F«x: *****73 Miltema Wa* #01-63*4 T«
      127 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Korea's huge domestic debt endangers recovery
      526 4  -  500t won debt load sending banking sector, stock market into tailspin Froi Jennifer Veale m Seoul FEARS are mounting that a domestic debt crisis will overwhelm South Korea's economy as a banking and market meltdown poses new challenges to economic recovery. After successfully tackling
      526 words
    • Article
      Lock icon Korean banks pick 50 for liquidation
      189 4 Bloomberg Reuters [SEOUL] South Korean banks selected about 50 companies to be liquidated, responding to the government's call to remove the weakest links in a slumping economy. "The list of some 50 companies will be reported to President Kim Dae Jung for his approval
      Bloomberg; Reuters  -  189 words
    • Article
      HK unlikely to sustain 5% growth in next few years, says Tsang
      524 4  -  Financial Secretary warns that new govt spending will be hit From Loh Hui Yin in Hongkong HONGKONG'S projected economic growth of 5 per cent a year over the medium term will be derailed and new government spending will
      524 words
    • Article
      Lock icon Daim keeps up pressure on banks to cut rates
      321 4 Reuters [KUALA LUMPURJ Malaysia's government kept up unrelenting pressure on banks to cut interest rates yesterday as the chief economic adviser told lenders not to make profits at the expense of hardpressed businesses. Daim Zainuddin, economic advisor to the government and
      Reuters  -  321 words
    • Article, Illustration
      Lock icon Bitter sweet experience
      52 4 [KUALA LUMPUR] Ishak Ismail preparing to make a fresh sugarcane drink for a customer here yesterday. Ishak was a home renovation contractor but lost his job due to the economic slowdown. More than 46,000 workers in Malaysia were retrenched between July last year and early June this
      REUTERS  -  52 words
    • Article
      Lock icon Moody's may lower Japan's debt ratings
      323 4 Bloomberg [TOKYO] Japan's second recession in six years and its growing fiscal deficit may lead Moody's Investors Service Inc to lower the country's sovereign defct ratings, the US credit-rating agency said. The world's second-largest economy contracted on an annual basis last year for the
      Bloomberg  -  323 words
    • Article
      Lock icon Indian stock curbs unlikely to stop slide
      302 4 Bloomberg [BOMBAY] Indian regulators' attempts to stem the slide in stocks through specu-lation-curbing measures may have helped the market now, but they won't draw in foreign investors as concerns about the economy and currency linger. Securities and Exchange Board of India (Sebi), yesterday
      Bloomberg  -  302 words
    • Article
      Lock icon Japan threatens Asian stability: Chrysler CEO
      356 4 He says weak yen may force new ronnd of devaluations Bloomberg [DETROIT, Michigan] Chrysler Corp chairman and chief executive Robert Eaton called Japan "an economic disaster" that threatens financial stability in the rest of Asia. He said the weak Japanese yen could force a
      Bloomberg  -  356 words
    • Article
      Lock icon Banks wary of loan disclosure plan
      241 4 Reuters (TOKYO) Japanese bank officials yesterday responded with caution to a statement by the central bank governor in which he suggested they could further reveal their exposure to problem loans by disclosing their self-assess-ments of those loans. Japanese banks worry that if they reveal
      Reuters  -  241 words
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  • FOCUS: PROPERTY
    • Article
      House Hunt
      814 5 Property transactions for districts 15 and 16 (sectors 42 to 45 and 46 to 48) lodged between May 16 and Jun 13, 1998. PROJECT NAME/ PROP CONTRACT TENURE BUR.T-W/ PRICE PSF STREET NAME TYPE DATE LAKOAREA* (SOFT) (SJ-OOO) (S$) District 15 Non-landad Amber Point Apt 08/05/98 FH 1689
      814 words
    • Article, Illustration
      Lock icon Slow sales in the east
      629 5  -  Few caveats have been lodged for projects in east Singapore, despite price cuts made more than two months ago By. Diana Oon [SINGAPOREI SALES of projects in east Singapore have been going slowly, even with price reductions made more than two months ago. While the
      FILE PHOTOS  -  629 words
    • Article
      MUI's Aussie unit sells hotel
      204 5 [SINGAPORE] Sydney-based Tourism Asset Holdings Ltd (TAHL) has acquired the 166room Sheraton Vista in Melbourne for Asl6 million (5516.3 million). The group, which plans to spend a further As 3 million on refurbishment, sealed the deal recently with Morning Star Australia a company controlled by
      204 words
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      Page 5 Advertisements Column 1
      76 5 7 9 Berrima Road FOR SALE Novotel Orchid Inn vicinity Near to SCGS, SJI ACS 2-storey bungalow on elevated corner land plot East and South facing Land area 2,932.2 sq m or 31,562 sq ft Potential for up to 6 bungalows or 7 strata bungalows Contact Sole Marketing Agent Chin
      76 words
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      126 5 In Only Entitled to only a chicken per table Extra Value Steamboat Available During P^ Lunch: 11.30 am -2.30pm Supper 10.00pm 4.00 am More than 70 A dishes available for selection i 15 KAillltt PUDMNQI Brand new 7-storey warehouse cum showr<x>m Area: 1,500 9,300 sq ft Ceiling height: 5.5 m
      126 words
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      Page 5 Advertisements Column 3
      156 5 GOLD///PFEIL GERMANY The Voyage Collection is made of an extremely durable and practical, high-quality twilled nylon fabric. The leather edging is in finest leather with a vertical grain. The strap is made from nylon, offering the same features as a safety belt. TrolUy bags: $498 (left) $398 (right) Boutiques: 1
      156 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Thai govt to try ease businesses' credit crunch
      396 6 BANGKOK But PM says govt will act cautiously so that easing won't be at baht's expense Reuters THAI Prime Minister Chuan Leekpai said yesterday his government would try to ease the plight of private businesses facing a severe credit crunch. But he
      Reuters  -  396 words
    • Article
      Lock icon M'sian govt ups prices of low-cost houses
      177 6 KUALA LUMPUR Reuters THE Malaysian government has raised the price of lowcost houses by as much as 68 per cent to 42,000 Malaysian ringgit (5517,860), the national Bernama news agency reported yesterday. The lowest-priced houses at RM30.000 each will be those located in
      Reuters  -  177 words
    • Article
      Lock icon Dr M willing to contest Umno post
      371 6 KUALA LUMPUR He tells members to take care not to cause rift in party Reuters Bernama MALAYSIAN Prime Minister Mahathir Mohamad said yesterday that he is willing to contest the presidency of the United Malays National Organisation (Umno) next year. Dr Mahathir is
      Reuters; Bernama  -  371 words
    • Article
      Lock icon New Thai labour law unnerves employers
      347 6 BANGKOK Reuters A NEW labour law which will strengthen workers' rights has stirred controversy in Thailand, with some employers threatening to lay off workers before the law comes into effect on Aug 19. Foreign investors said it gave too much protection to workers and
      Reuters  -  347 words
    • Article
      Lock icon Indon banks' bad loans leap to 25% at end-April
      234 6 JAKARTA Bloomberg AFP NON-performing loans at Indonesian banks surged to 25 per cent of all loans at the end of April, Bank Indonesia governor Sjahril Sabirin said in testimony to the House of Representatives. That is up from 10 per cent
      Bloomberg; AFP  -  234 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      263 6 i i Led by SAP's vision of enterprise computing, SAP revolutionises the way businesses work SAP Asia is formed to serve customers by introducing SAP R/3* client/server ,n South Asia business applications softwara .J. h n,S bv l,nplem mna SAP rapid momentum SAP introduce SAP R/3* or he Seattle Times
      263 words
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      Page 6 Advertisements Column 2
      151 6 Tfc# Foundation Week* of Building M 1 Imlbmi Com Studios and Prlnciptaa Howie Lau. Country Manager (E-Business; IBM Singapore Pta Ltd ELECTRONIC BUSINESS MODEL How K Aftoot* your Buatnaaa Modal Gary Koh Strategic Duatnaas Manager (E-Comm} Sun kHcmeytma* BREAKING ORG AMS ATIONAL BOUNDARIES AMD MANAGING CHANGE Tranda In Supply Chain
      151 words
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  • Page 7 Advertisements
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      303 7 ~y= f NOW ONE PRINTER IS gs at the heart of OFFICE EFFICIENCY. $9isE9d*. The LBP-1760 takes charge of jobs with The LBP-1760 is ideal for multi-platform a 50MHz intel 960HD RISC processor. j workgroups and handles a full array of And its Banding Co-Processor works flfl diverse printing needs.
      303 words
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  • CHINA – HONGKONG – TAIWAN
    • Article
      Lock icon China may devalue if yen keeps sliding: official
      411 8 BEIJING HK's Tung says he believes devaluation won't come, affirms faith in HK$ peg Reuters CHINA might be forced to consider a devaluation of the yuan if the sliding Japanese yen leads to a plunge in Chinese exports, Vice-Foreign Trade Minister Sun
      Reuters  -  411 words
    • Article, Illustration
      Lock icon An American icon in China
      65 8 [SHANGHAI] A Chinese security officer standing at his post yesterday in front ofa relief replica of the Statue of Liberty which adorns a restaurant here called the United States of Gallery. American culture has flooded China since the world's most populous country opened up in
      REUTERS  -  65 words
    • Article
      Lock icon China vows to strengthen market supervision
      143 8 MANILA AFX-Asia CHINA will continue efforts to enhance supervision over its securities market to ensure stability and reduce risks, the official Xinhua news agency reported. In a despatch from Beijing monitored here, it quoted Geng Liang, vice-chairman of the China Securities Regulatory Commission (CSRC),
      AFX-Asia  -  143 words
    • Article
      Lock icon HK$20b debt issue programme launched
      155 8 HONGKONG AFP HONGKONG Mortgage Corporation (HKMC) yesterday launched a HK$2O billion (554.4 billion) debt issuance programme, a major step in the development of the local debt market. The programme is aimed mainly at institutional investors and will complement an existing HK$2O billion note issuance programme
      AFP  -  155 words
    • Article
      Lock icon Congress likely to ratify MFN status for China: legislator
      294 8 WASHINGTON Bloomberg CONGRESS will likely ratify most-favoured-nation trading status for China, brushing aside opposition to China's human rights record and questions about Chinese efforts to influence the 1996 US elections, a key legislator predicted. "It's critical that we maintain normal trading
      Bloomberg  -  294 words
    • Article, Illustration
      Going for expansionary fiscal policy
      694 8  -  CHDTA WATCH Minister's stance represents a sea change at the treasury By Lu Ning C 4 HINA'S normally low-key 1 finance minister, Xiang Huaicheng, received more J attention than he had anticipated on Tuesday. His one-line comment on the renminbi in an article published in
      694 words
    • Article
      Lock icon Leading HK developer upbeat despite slump
      307 8 ■HONGKONG Sun Hong Kai sees fall as 1 short-term phenomenon' AFP HONGKONG'S leading developer Sun Hung Kai Properties Ltd is upbeat on the future of the territory's property market despite a re-al-estate slump blamed on the Asian financial crisis. Sun Hung Kai chairman Wong
      AFP  -  307 words
    • Article
      Lock icon China's image better after handover
      190 8 mHONGKONG AFP CHINA'S image within the business community in the region has improved because of the way it has managed Hongkong since resuming sovereignty last year, a poll showed yesterday. According to the survey by Hongkong-based Far Eastern Economic Review magazine, 51 per cent of
      AFP  -  190 words
    • Article, Illustration
      Lock icon China's N-record continues to draw concern: Albright
      413 8 WASHINGTON Bat Being's had sea-change over technology transfer Reuters SECRETARY of State Madeleine Albright on Tuesday acknowledged continuing concerns about China's non-proliferation record and said President Bill Clinton would raise this issue at his summit in Beijing later this month. Nevertheless, she reiterated
      Reuters; REUTERS  -  413 words
    • Article
      Lock icon China high court rejects Prozac appeal
      256 8 I BEIJING Reuters US pharmaceutical giant Eli Lilly and Co has hit another obstacle in its quest for copyright protection in China for the drug Prozac, a company official said yesterday. The Beijing Municipal People's High Court last week upheld a verdict by a
      Reuters  -  256 words
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      89 8 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands •Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
      89 words
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      Page 8 Advertisements Column 2
      12 8 TWStrdtoHf Tanglin Mall, every third Saturday of the month, spm 11pm |cXta|
      12 words
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  • Page 9 Advertisements
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      355 9 r v'v f NOW ONE PRINTER IS AT THE HEART OF EVERY DEPARTMENT. H :<i 4! u "> I *>' -i: NETWORK MANAGER Complete control and full-monitoring of printer functions belong to the Network Manager. And the Network Print Manager software utility makes printer t management a breeze. <• Mil
      355 words
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  • ASIA
    • Article
      Lock icon Don't backpedal on tax reforms, Canberra urged
      384 10 MELBOURNE Two top business leaders lend support to govt tax plans Bloomberg THE Australian government faces its last chance to overhaul the country's tax system, two of the country's top business leaders said yesterday, throwing their weight behind the government's plans. At the
      Bloomberg  -  384 words
    • Article
      Lock icon Let NZ$ find its own value: Shipley
      257 10 WELLINGTON Reuters PRIME Minister Jenny Shipley said yesterday New Zealand must let its currency find its own value rather than attempt to artificially bolster it "As other countries are finding to their cost, attempts to artificially protect the currency are unlikely to succeed,"
      Reuters  -  257 words
    • Article
      Lock icon Fall in world trade, low prices hit India exports
      284 10 NEWDELHI Export growth declines for two consecutive years Reuters AFP A DECLINE in world trade and low export prices have been hindering India's export growth for two consecutive years and are cause for concern, the Finance Ministry said in its annual
      Reuters; AFP  -  284 words
    • Article
      Lock icon Support for Hashimoto hits new low: poll
      178 10 I TOKYO Reuters LESS than a month before elections for Japan's Upper House of parliament, public support for Prime Minister Ryutaro Hashimoto's cabinet has slipped to a new low, an opinion poll released yesterday said. A nationwide survey of about 2,000 voters conducted
      Reuters  -  178 words
    • Article, Illustration
      Lock icon Cool relief
      53 10 [CALCUTTA] Children cooling themselves at a roadside water tank on a hot day in the eastern Indian city of Calcutta yesterday. With the arrival of the south-west monsoon, residents are starting to get relief from the heat wave which has claimed 69 lives in the eastern state of
      REUTERS  -  53 words
    • Article
      Lock icon US food credit to India, Pakistan to stay
      216 10 WASHINGTON Reuters THE US House Appropriations Committee joined the stampede on Tuesday to keep US food credits available to India and Pakistan despite a law intended to punish nations who try to become nuclear powers. The White House has given its blessing
      Reuters  -  216 words
    • Article
      Lock icon Aussies shopping for Asian companies
      266 10 MELBOURNE ANZ, National Mutual Hlgs eyeing banks, insurers Reuters UNDETERRED by the prospects of a depression in Asia, Australian companies are on the prowl to buy Asian banks and insurance companies, top executives said yesterday. Australia and New Zealand Banking Group Ltd chief executive John
      Reuters  -  266 words
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      1240 10 ECON 0 ECON INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Econ International Limited is pleased to announce the unaudited results of the Group and the Company for the year ended 31 March 1998. Year Ended 31 March 1. RESULTS THE GROUP THE COMPANY
      1,240 words
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      Page 10 Advertisements Column 2
      9 10 ANZ head sees end to merger ban, Pg 20
      9 words
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  • THE WORLD
    • Article, Illustration
      Lock icon MasterCard, Visa anti-trust probe still top priority
      358 11 WASHINGTON Bloomberg AN investigation of Visa USA Inc and MasterCard International remains a top priority for government enforcers, US Justice Department antitrust chief Joel Klein told the Senate Judiciary Committee. "It's a matter I've been personally involved in," Mr Klein told Senator Robert
      Bloomberg  -  358 words
    • Article
      Lock icon Businesses to help Moscow prepare austerity package
      327 11 MOSCOW Gevt has to present programme aimed at cutting budget defidt to IMF next week Bloomberg RUSSIA'S largest business groups will help the government prepare an austerity programme to ease its financial crisis and win extra aid from foreign lenders, an official at
      Bloomberg  -  327 words
    • Article
      Lock icon Businessmen urge Russia to tackle millennium bug quickly
      387 11 MOSCOW Reuters RUSSIA has yet to take the millennium computer bug problem seriously and could face catastrophic consequences if it does not act quickly, US and Russian business representatives said yesterday. Their warnings came on top of alarm bells rung by the
      Reuters  -  387 words
    • Article, Illustration
      Lock icon Greenspan, Rubin clash over bank reform in Senate debate
      508 11 WASHINGTON Fed pushes for bill to let it oversee expansion of banks into new markets Bloomberg US FEDERAL Reserve chairman Alan Greenspan called for swift action on a Housepassed bill that would rewrite the antiquated laws governing US banks and protect
      Bloomberg; REUTERS  -  508 words
    • Article
      Poor Asian demand hits De Beers sales
      351 11  -  Diamond sates fall 41% to USsl.7b at interim; full-year fignre pot at USs&sb From] Neil Behrmann in London THE diamond market has been hammered by the Asian crisis. This depression in the industry is reflected in De Beers first-half rough diamond sales of
      351 words
    • Article
      Lock icon Britain's jobless up for first time in two years
      548 12 LONDON Bat earnings and other figures show economy still risks overheating AFP BRITAIN'S unemployment has risen for the first time in two years, the government announced yesterday, but other data showed that the economy still in danger of overheating. The mixed
      AFP  -  548 words
    • Article, Illustration
      Lock icon Effective merger control vital: British minister
      442 12 BIRMINGHAM, England Only four mergers blocked out of 200 considered, she says Reuters BRITISH Trade and Industry Secretary Margaret Beckett said yesterday that effective merger control was essential, but denied the government was prone to blocking corporate marriages. Speaking to the British Chambers of
      Reuters  -  442 words
    • Article
      Lock icon Beijing slams plan for world criminal court
      357 12 ROME Reuters CHINA lashed out on Tuesday at the prospect of a world criminal court over which states would have no say and Albania said the most convincing argument for the tribunal was "genocidal massacres" in Kosovo. Battle lines at a UN conference
      Reuters  -  357 words
    • WORLD Watch
      • Article
        Lock icon Albania says Yugoslav bid lacking
        62 12 Reuters [TIRANA] Albania said a promise by Yugoslav President Slobodan Milosevic to restart talks with ethnic Albanian leaders in Serbia's embattled Kosovo province was not enough to halt the conflict. Albania said Mr Milosevic failed to meet the Contact Group of big powers' key demand
        Reuters  -  62 words
      • Article, Illustration
        Lock icon Grave matters
        58 12 AFP [ST PETERSBURG] A specialist working on coffins for the remains of the last Russian Tsar and his family in the Petropavlkovskaya fortress in St Petersburg yesterday. The coffins will be sent to Yekaterinburg to collect the remains of the royal family. They will be brought back to
        AFP  -  58 words
      • Article
        Lock icon Boost African ties, Summers urges
        45 12 Bridge News [WASHINGTON] US Deputy Treasury Secretary Lawrence Summers yesterday argued for a plan to bolster trade and economic ties with Sub-Saharan African countries. He also held out the possibility of debt relief for countries committed to reform. Bridge News
        Bridge News  -  45 words
      • Article
        Lock icon Software piracy costs put at US$11.4b
        38 12 AFP [WASHINGTON] Software piracy in 1997 cost the worldwide industry US$ll.4 billion, compared to US$ll.2 billion in 1996, said a study by the Software Publishers Association and the Business Software Alliance. AFP
        AFP  -  38 words
      • Article
        Lock icon US Jewish groups to boycott Swiss talks
        52 12 Bloomberg [ZURICH] US Jewish organisations are preparing to boycott talks with Switzerland's three largest banks, Tages-Anzeiger reported. The banks reportedly offered groups representing Holocaust victims and their survivors US$55O million (***** million) to settle a lawsuit out of court, far less than what
        Bloomberg  -  52 words
      • Article
        Lock icon Kohl lagging behind challenger
        48 12 Reuters [BONN] German Chancellor Helmut Kohl is more than 13 points behind his Social Democratic challenger Gerhard Schroeder three months before September's general election, according to a poll published yesterday. The monthly Allensbach voter survey was published in the conservative Frankfurter Allgemeine paper. Reuters
        Reuters  -  48 words
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      Page 11 Advertisements Column 1
      80 11 jk —a <- ft Announcing EQUANT. 4 f One company comprised of three global leaders: EQUANT Integration Services (formerly ITS), EQUANT Application Services (formerly Novus) and EQUANT Network Services. The result is a single source for global data network services for businesses, from the WAN to the LAN to the
      80 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      47 12 I(/A 2 Hd S p KIA I T S SUNPAYi Si pqgescyi "7 days in the life of Parry! David 11 I I Our extraordinary go-goal girls on I I on tho World Cup *98 I V £"V a^fcPs&>iß Kiosks, BP, I- 1 Times yyiQ Pooifsivop yoyy
      47 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Singapore One must take the int'l route
      755 13  -  THE BOTTOMLDTE OPINION By Toh Han Shih The writer is a BT correspondent. When Prime Minister Goh Chok Tong launched Singapore ONE as a commercial venture earlier this month, he changed in a significant way the character of the venture, which was conceived
      755 words
    • Article
      IN OTHER WORDS
      75 13 There's this weird misconception about Chinese women that we're submissive. Actually, it's a very matriarchal society. You should meet my mom. We call her 'the boss lady'.' -Mbig-NftWen, Chinese American actress, trying to explain Chinese society to a white audience. This is a correction in the face
      75 words
    • Article
      Seoul's domestic debt
      661 13 EDITORIAL SOUTH Korea's external debt burden was partially eased by the International Monetaiy Fund's US$5B billion (Ssloo billion) bailout last December. But confidence has yet to return to Seoul. It won't until the country confronts its more intractable domestic debt problem At an estimated 500 trillion won
      661 words
    • Article, Illustration
      Lock icon China on two speeds
      853 13  -  The golf between rnagtal and inland China is growing as state factories are shnt or sold By, James Kynge FT SHENYANG, China Shenyang, one of the smokestack capitals of China, has long been famous for its bad air. But this summer is different; the once persistent
      FT; FILE PHOTO  -  853 words
    • Article
      WHAT THE OTHERS SAY
      918 13 Mot much of a bomboholl IF the wonderful word "oleaginous" didn't exist, someone would have to invent it to describe Rahm Emanuel, the White House spin artist who has set the Washington news agenda for this entire week. It was Mr Emanuel, with downcast eyes and
      918 words
  • Page 13 Miscellaneous
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Austria dash Chilean hopes
      583 14 WORLD COP 98 Late goal pulled out of the bag by Vastic gives Austria a 1-1 draw Reuters IVICA Vastic produced a curling goal from nowhere two minutes into time added on to earn Austria a 1-1 draw against Chile in their World Cup group B
      Reuters; REUTERS  -  583 words
    • Article, Illustration
      Big night for Saudi
      220 14  -  World Cup viewing guide By Shahiron Sahari France vs Saudi Arabia (Grp C, 2.30 am, Fri) The Asian challenge posed so far by Japan, South Korea and Iran has been a disappointment in terms of results and not because of want of trying. Saudi Arabia, however,
      220 words
    • Article, Illustration
      Lock icon The nearest-run thing you ever saw
      542 14  -  The draw leaves field open for a Scottish resurgence By) Kevin Sullivan The writer, a true-blooded Scot, is based in Madrid [MADRID) Oh, it's an angstinducing occupation being a Scotland supporter. The national team's stock in trade, in this World Cup at least, appears
      REUTERS  -  542 words
    • Article, Illustration
      Lock icon Crossing borders and styles with great success
      604 14  -  FESTIVAL OF ARTS The Singapore Dance Theatre rises to the challenge of its triple bill By Chua Soo Pong [SINGAPORE] The long and enthusiastic applause the audience gave on Tuesday night was a salute to the Singapore Dance Theatre for meeting the challenge
      ST/SONIA TAN  -  604 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      144 14 r ui i.ii.n iu Dried and Fresh Abctlone Set WESERVE L-Mg ~599-.„\ CANTONESE Whole Yoshihomo DriedAbalone vUioIJNJi \Y7TTJ-T Double Bofcd Shark's Rn and Seo Whelk W 1 1 11 witfi Engfeh Ginseng j\. Weed Shark's Fin and Seafood in Crab Shell 0 mmmm Steamed Lobster with GaHk H V Steamed
      144 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      202 14 THE WEATHER Wnjipnwi Showers with thunder mainly over Northern, Western and Central Singapore in the evening. Temperature(3o/25C) Aaia-P»offlc Ut/BF Good. .Krusalen 17/54 dw Modtbaha 1M« Aowen Auckland 12/18 nun Mecca 24-41 ctoudy Vhu 14« doady KjuifZtu* 17/35 Im Zanrt doady Bejjng 2tt« shown Enfi MT OmmL Bombay 2K32 hazy Amsterdam
      202 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      138 15 Where to wine, dine and entertain... "my Mi lIJIJLL-1:1 A Salute to your Dad! Function Rooms CWe Plaza n f\"fatn>>i 2LiMrff;wiiniixmijjjifl'i |i»iiii 7500 A Beach Road Singapore *****1 Tel: 298 0011 Fax: 296 3600 PABKROYAL HOTELS RESORTS AN ASSOCIATE Of THE SPMC PLAZA GROW CX'J-X ISE Gft&M) LEVEL 1 La-Carte
      138 words
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      Page 15 Advertisements Column 2
      72 15 fenriQUCjircass^^ THAI RESTAURANT j Jl Enjoy and savor the perfect S combination of our innovative J Thai specialties and friendly W: Hospitality. 1 Also at The Heeren shop. /jjM rnmmmmmmmmmimmmm 9 sVu ZOOM Irilrtulinini/ a new set lunch menu featuri'iij mouth watenruj dishes .-Hill iIS Lil'fll' Mibillil. 'Maiminc.-: i''i;:{en 'A'/iv
      72 words
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      Page 15 Advertisements Column 3
      92 15 I FATHER S DAY I I BRUNCH (21 JUNE m%) 1 >52.00~* PER APOIT 3 I WITH FREE-FLOW OF CHARLES HEIPSIECkT champagne, rep t whiti wine, draught tiger peer and >28 50*" PER CHILD WITH FPft FiOW OF SOFT DRINKS I PAOLO PING'S J PASSIONATELY ITALIAN TASTKOLLY CHINESE royal crowne
      92 words
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      Page 15 Advertisements Column 4
      92 15 Mh't fM kini? I rn4 lfi« Cats' Mews/ it Siadty Clitsifitl this vnktai. J I CATS. All you can Eat A-LA-*CARTE ff Buffet* (min 2 pmotu) Adult: $16.80++ per person At Child: $10.80++ per person Only avaftable on Pubic Holdays. ni. Saturday Sunday from: ||V 11.30am-3.00pm. "Promotion not jpphcjUe an
      92 words
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      Page 15 Advertisements Column 5
      112 15 RELISH PINE COURT CHINESE RESTAURANT'S BEIJING DUCK FOR ONLY $25++| Reservations: 831 6*62/66 z+M&g- m CHINESE 515 Ordwrt Road, bmeapnrr «M 67 RESTAURANT Td 737 4411 Sunday 21 June 12 pm-2.30 pm $28* (Adult) $19.50* (Child) More than just an international buffet, the Phoenix Garden Cafe's Father's Day special also
      112 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      802 15 TV&RADIO Premiere 12 3.00 News 5 Today followed News Express. aon \iviq™. w u bv Afternoon At The LIS Lives and Perfor9.00 AM Soccer: World Cup Movies Speed Zone. mances. ,IVm sw Italy vs 4.00 News 5 Today L 35 Ranma 10 4fi riocA b V Afternoon The 2.00 TV
      802 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      221 15 CKVPTIC CROSSWORD units fight (4) tar >' 14 Prominent position for Lon- L_JH Ma HI gieat lions? I® I 18 Everyday freedom enjoyed by j j the Tulliver children (3&3,4) 21 Stern parent (4) 22 These days a cleric has to su--26 Arch appeal for charitable do--27 eg Retired redcaps*
      221 words
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  • MOTORING MEWS
    • Article, Illustration
      Lock icon Bargains in excess
      614 16  -  S'poreans may get a crack at cheaper cars if plans to import excess regional stock materialise By i Christopher Tan [SINGAPOREI Singaporeans could soon pick up significantly cheaper cars if plans to import excess stock from the region materialise. Possible bargains would include luxury models, sales of
      FILE PHOTO  -  614 words
    • BUMPER to BUMPER
      • Article
        Lamborghini engines for Rolls-Royces?
        85 16 COULD future Rolls-Royce and Bentley models be powered by Lamborghini engines? It seems a possibility, however remote. Picture this. Volkswagen group buys Rolls-Royce Motor Cars. Failed suitor BMW AG stops <' supplying engines to Rolls-Royce Motor Cars. Enter Cosworth Engineering and Lamborghini SpA, which VW unit
        85 words
      • Article, Illustration
        Peugeot to launch 206 in Sept
        101 16 PEUGEOT of France will unveil the 206 in September. It will be the sixth model in the 200 cult series, and one which it had left dormant for some time. Built on a new platform, the fresh range will boast seductive and innovative styling,
        101 words
      • Article
        Right-hand-drive Smart delayed
        112 16 INFORMED sources say the Mercedes-Swatch micro-car project, Smart, will not have a right-hand-drive version for the time being. The nearest date quoted now is 2001. Not that it matters much. After all, it is doubtful the model will fare well here. So it consumes only about four
        112 words
      • Article
        Toyota, VW in green talks: report
        62 16 TOYOTA Motor and Volkswagen Ag are discussing joint efforts on environmental protection, according to a Bloomberg News report. Volkswagen Group Japan board member Robert Janson was quoted as saying that the two companies were discussing working together on environmental protection and vehicle-recycling technology. The
        62 words
      • Article
        Tibs introduces customer service index
        120 16 BUS operator Tibs has put in place a customer service index, based on an internal assessment system that charts commuter satisfaction It was developed to support its newly-formed Customer Charter, with the objective of encouraging its drivers "to provide excellent service to our customers through
        120 words
      • Article
        Wilhelmsen, Daewoo sign 3-year deal
        66 16  -  Compiled by Christopher Tan WILHELMSEN Lines and Daewoo Motors have signed a three-year contract, effective immediately, for the transport of vehicles to North and South America. About 300,000 units will be shipped in that period. A separate agreement was entered with Daewoo Heavy Industries to
        66 words
    • Article
      Cashing in on Indian Mercs
      200 16 [SINGAPORE] The ball started rolling with Cycle Carriage, which brought in a fleet of India-made MercedesBenzes in May last year, way before the regional crisis bit. The cars, previous E-class models, were offered by Mer-cedes-Benz India, which found itself in a "supply situation". Apparently, Indian
      200 words
    • Article, Illustration
      Big boys dominate car scene
      603 16  -  Market ripe for a shake-out as small traders are squeezed By* Christopher Tan [SINGAPORE] The big boys are getting bigger, despite the economic slowdown. Distributors of the Top 10 brands under the Motor Traders Association accounted for 87 per cent of the market as at
      603 words
    • Article, Illustration
      Lock icon More Alfas, Fiats on the road in June
      377 16 [SINGAPORE] These Alfa Romeo and Fiat cars were among 50 or so ferried out of their bonded areas at Jurong Port during the week, after a two-month unspecified delay. A spokesman for distributor Massa Motor said they would be registered later this
      CHRIS LOH  -  377 words
    • Article
      The OMV guide
      794 16 Average open market values of cars registered in April make Mooa CC MEOMwrn ALfA ROMEO *****03 17,375 ALFA ROMEO 1461.6 1,998 18,5*8 AUDI A31J6A 1606 -x>fnK AUDI A4 16A 1,596 27.662 AUDI A62.4A £393 46.249 AUOI A62BA Z596 43,991 BMW 310WOR 1596 ***** BMW 316KV4DR oare BMW
      794 words
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  • COMPANIES & MARKETS
    • Article
      New disclosure policies won't impact banks' balance sheets
      1007 17  -  Revaluations of hidden reserves will be given in notes to financial statements By( Conrad Raj [SINGAPORE] New disclosure policies recommended by a subcommittee of the Financial Sector Review Group chaired by Deputy Prime Minister Lee Hsien Loong will place Singapore banks on
      1,007 words
    • Article
      Courts earnings down 7.4% to $12.3m
      358 17  -  Sales slowdown in 2nd half reflects retail slump By\ David Boey [SINGAPORE] After enjoying years of earnings growth, furniture and household appliance retailer Courts (Singapore) Ltd yesterday reported a 7.4 per cent drop in net earnings to $12.34 million for the year ended March
      358 words
    • Article
      IPC shares sold down before suspension
      355 17  -  By, Annette Pau [SINGAPORE] Thanks to a technical hitch, some investors of local personal computer maker IPC Corp managed to offload their shares in the first two minutes of trading yesterday before the counter was suspended. IPC which is a component stock of both
      355 words
    • Article
      Auditors'reports can be an invaluable source of data
      670 17  -  HOCK LOCK SIEW Lee Han Shih IPC CORP, whose shares were suspended from trading yesterday, could blame its latest round of trouble on a practice that is more than 600 years old external auditing. On Tuesday, the personal computer maker became the
      670 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Asia Pulp units' earnings surge in Q1 as sales jump
        361 18 Biggest Indon paper maker says all group companies continue to meet interest payments on debt Bloomberg [SINGAPORE] Asia Pulp Paper Co, Indonesia's biggest paper maker, said first-quar-ter profits of its units rose and that it would meet its debt payments
        Bloomberg; Source: Bloomberg  -  361 words
      • Article
        San Teh orders review of financial statements
        435 18  -  By\ Louis Beckerling [SINGAPORE] Listed keypad manufacturer San Teh Ltd has ordered a review of the financial statements of its subsidiaries in China. The review was announced without further comment or explanation in a statement released by the company last night. The statement
        435 words
      • Article
        NOL, ST Capital dropped from CPF trustee stock list
        342 18  -  They were deleted because they posted losses last year By David Boey [SINGAPORE] Two govern-ment-linked companies which are listed on the mainboard, Neptune Orient Lines and ST Capital, have been axed from the list of Central Provident Fund trustee stocks. In
        342 words
      • Article, Illustration
        Lock icon Li, Kuok, Murdoch buy 20% stake in Golden Harvest
        165 18 AFP Bloomberg [HONGKONG] Hongkong tycoon Li Ka-shing and Malaysian magnate Robert Kuok wUI join media baron Rupert Murdoch to acquire a stake in Hongkong film company Golden Harvest Entertainment (Holdings) Ltd. Mr Li and Mr Kuok wiU together with Mr Murdoch
        AFP; Bloomberg  -  165 words
      • Article
        Lock icon Best World unit defaults on RMl70m loan
        256 18 Bloomberg [KUALA LUMPUR] Best World Land Bhd, a Malaysian real estate company, yesterday said its subsidiary has defaulted on payments for a 170 million Malaysian ringgit (5572.3 million) loan to Sime Bank Bhd. The company said its Best World Sdn unit, which owns
        Bloomberg  -  256 words
      • COMPANY Briefs
        • Article
          Kim Eng in talks over Nithipat stake
          83 18 [SINGAPORE] Kim Eng Holdings has secured the right to acquire Nithipat Capital and Securities Company for about 128 million baht, or 515.17 million based on an exchange rate 0f24.78 baht to Ssl. The company said yesterday it was negotiating with Thai parties to
          83 words
        • Article
          Lock icon Selangor Dredging net drops 71%
          50 18 Bernama (KUALA LUMPUR] Selangor Dredging's profit attributable to shareholders fell 71 per cent to 2.73 million Malaysian ringgit (Ssl .2 million) for the year ended March 31. Group pre-tax profit declined 61 per cent to RM6.26 million. Turnover slipped 27 per cent to RM46.53 million.—Bernama
          Bernama  -  50 words
        • Article
          Lock icon Timbermaster plans restructuring
          45 18 Bloomberg [KUALA LUMPUR] Timbermaster Industries yesterday said it plans a restructuring to keep creditors at bay. The company has appointed Arthur Andersen Co to carry out the restructuring. On June 8, Timbermaster defaulted on interest payments for its RM7S million bonds. Bloomberg
          Bloomberg  -  45 words
      • Article
        Lock icon Tianjin Auto cancels Tokyo debut as market slumps
        127 18 FT [LONDON] The first mainland Chinese company due to list on the Tokyo Stock Exchange has abandoned the proposed offering because of the deteriorating condition of the Japanese stock market. The cancelled listing of Tianjin Automotive Xlali is the latest in a
        FT  -  127 words
      • Article
        Lock icon TA Sec helping regulator in Soh Chee Wen probe
        368 18 Bloomberg [KUALA LUMPUR] Malaysia's largest retail stock brokerage, TA Securities Bhd, said it is helping the country's securities regulator in a probe into transactions involving politician-business-man Soh Chee Wen. "Several employees of TA Securities Bhd have been requested by the Securities
        Bloomberg  -  368 words
    • COMPANIES
      • Article, Illustration
        Lock icon AOL, AT&T rise on report of rejected offer
        348 19 AT&T chief said to have made bid above AOL's USsl9b capitalisation Bloomberg [LONDON] America Online Inc and AT&T Corp shares rose in Europe after the Financial Times reported that AOL, the world's leading Internet service provider, rejected a takeover bid by AT&T
        Bloomberg; Source: Bridge  -  348 words
      • Article
        Lock icon IBM, Compaq still hurt by weak demand in Asia
        462 19 Companies hit by MX6BS inventory, price-cntting Bloomberg [SAN FRANCISCO] International Business Machines Corp and Compaq Computer Corp, the world's two top makers of personal computers, are still hurt by the Asian economic crisis, which is cutting demand for PCs and forcing
        Bloomberg  -  462 words
      • Article
        Lock icon Digital wins suit over injuries said to be from keyboard use
        337 19 Reuters [NEW YORK] A jury on Tuesday found Digital Equipment Corp not liable for injuries that nine workers said were caused by use of its keyboards in a multimillion-dol-lar lawsuit, the computer maker said. The US District Court jury
        Reuters  -  337 words
      • Article
        Lock icon Microsoft sees rare insider purchase
        401 19 Bloomberg [WASHINGTON] While Bill Gates and Paul Allen sold millions of dollars worth of Microsoft Corp common stock earlier this year, one of their top deputies was scooping up company shares. Jeffrey Raikes, Microsoft's head sales executive for North America, said in documents filed with
        Bloomberg  -  401 words
      • Article
        Lock icon Microsoft ends German Net service
        223 19 Bloomberg [MUNICH] Microsoft Corp said it will shut down its Internet access service in Germany because it can no longer compete against a number of low-cost providers already established in the market. Microsoft said it will quit providing online access in Germany and act strictly
        Bloomberg  -  223 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Clearing services for OTC derivatives proposed
        310 20 London Clearing House's Sw&pCle&r will revolutionise OTC market FT [CHlCAGO] The London Clearing House (LCH), which clears and settles trades on London financial exchanges, has submitted a proposal to offer clearing services in the over-the-counter (OTC) derivatives market the first proposal of its kind.
        FT  -  310 words
      • Article
        Lock icon Prudential, Salomon eye US$l.2b Seoul deal
        274 20 Bloomberg [SEOUL] Salomon Smith Barney Inc and Prudential Securities Inc are in talks with Anam Semiconductor Inc, the world's largest computer chip assembler, about an investment of as much as US$l.2 billion (Ss2.l billion), the South Korean company said. Both US securities firms denied
        Bloomberg  -  274 words
      • Article
        Lock icon ACE to pay more than US$500m for Lloyd's unit
        422 20 Bloomberg [HAMILTON, Bermuda] ACE Ltd agreed to pay more than US$5OO million (*****.5 million) for Tarquin pic, an underwriter in the Lloyd's of London insurance market, boosting its Lloyd's business by more than a third. ACE, a Hamilton, Bermu-da-based excess liability
        Bloomberg  -  422 words
      • Article, Illustration
        Lock icon LTCB denies talk that it's in financial trouble
        339 20 Rumours, rating worries push bank's shares down 20% Bloomberg Reuters [TOKYO] Long-Term Credit Bank of Japan Ltd denied speculation that it is in financial trouble and may dissolve its ties with Swiss Bank Corp. The speculation drove its shares down 19.6 per
        Bloomberg; Reuters; Source: Bloomberg  -  339 words
      • Article, Illustration
        Lock icon ANZ head sees end to merger ban
        326 20 He says it's not'if but 'when' top four Anssie banks will be allowed to merge Bloomberg [SYDNEY] Australia and New Zealand Banking Group Ltd chief executive John McFarlane said he expects a ban on mergers among the nation's top four banks will be
        Bloomberg; REUTERS  -  326 words
      • Article
        Lock icon Talk of LTCB problems hurts Euroyen
        246 20 SOKELReport Reuters [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures fell yesterday amid persistent rumours that the Long-Term Credit Bank of Japan was in financial difficulty. LTCB, which saw its share price plunge despite denials of the rumour, said it faced no problem
        Reuters  -  246 words
      • Article
        Futures rise again on Nasdaq gains
        181 20  -  MS&TAIW AM FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore [SINGAPORE] The Simex MSCI Taiwan Index futures rose for a third consecutive day, on the back of a surge in the Nasdaq Composite Index in New York and the recovering yen. The June
        181 words
      • Article
        Lock icon Promise of more output cuts lifts oil prices
        249 20 ENERGY REPORT Bloomberg [NEW YORK] Crude oil prices rose more than 4 per cent as Persian Gulf countries promised further production cuts to ease a global oversupply that sent prices to a 12-year low this week. Kuwait, the United Arab Emirates and
        Bloomberg  -  249 words
      • Article
        Lock icon CURRENCY REPORT
        272 20 AFP London THE Japanese yen surged against the dollar in London yesterday after the US central bank intervened to rescue the flagging currency. Following the intervention, the dollar sank to 137.50 yen before rallying slighUy to 138.02 yen, compared to 142.35 before the intervention and 144.02 late on
        AFP  -  272 words
      • Article, Illustration
        Untitled
        1165 20 DtTBEBAWICEOSS MATES Junl7 M C$ —I B» WT M itt fcrttsHI* Y— Wm HI MZSPrtta N» S$ fi Mr 8*t N1 —j 47 0 972 9 X79 0 5M 3 567 1064 4 W7 037 97 655 0 845 8 433 2 392 1186 26.411 24 755 1020 3165 0
        1,165 words
    • Article
      COMMODITY PRICES
      1587 21 nconroTOMB IUBBCR (Marts ctosHM)» rt 5.J0pm) IM1 CO*TtACT(S Oom Voteme Optn Mo<rt1> |#?j» U>w Sott (tiMW) krttrest J* moo moo na.25 25 550 £»9® 119.50 690 qo '20.70 740 fcW* 125.00 4650 »125 ***** 130.00 300 1500 Apr/Jw 99 134.25 150 1800 RSS 3 CONTRACT (US cmb/kQ) VotoiM
      1,587 words
    • Article
      WORLD STOCK MARKETS
      2204 21 LOW DON Industrials Now 31 Group 663.400 1.400 AB Ports 343.000 4.000 Abbey National 1033.000 32.180 AMed Domecq 565.000 unch Amec 210.000 2.400 AsdaGroi* 193.200 -0.800 BAT Ind 570.000 14.000 6C Pie 330.000 13.000 BtCC 147.000 -2.000 BOC Group 856.000 >6.600 BR Petroleum 865.000 1.000 BTB 172.600
      2,204 words
    • Article
      Lock icon TOKYO
      1609 21 Bloomberg Q Nikkei 225 400 JAPANESE stocks traded little changed as the stronger yen and the possibility of coordinated currency intervention were insufficient to offset concern about banks' bad loans. Long-Term Credit Bank Ltd plummeted and Mitsubishi Heavy Industries Ltd gained. "Until Japan does something significant on the bad-debt
      Bloomberg  -  1,609 words
    • Article, Illustration
      Lock icon HONGKONG
      1497 22 Reuters Q Hang Seng +477JM STOCKS rallied to a sharply higher close yesterday with a rebound in the Japanese yen spurring market bulls, brokers said. The Hang Seng Index jumped 477.90 points to end at 8,004.35. A stronger yen boosted market confidence, and the US dollar briefly dipped below
      Reuters  -  1,497 words
    • Article, Illustration
      Lock icon CHINA
      554 22 Reuters Q Shenzhen B Index +OJ4 SHENZHEN'S hard currency B Share Index closed slightly higher yesterday, as investors took heart from a stronger performance in the neighbouring Hongkong stock market, analysts said. The B Share Index rose 0.14 point, or 0.18 per cent, to 80.87 on turnover of HK$l2
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  554 words
    • Article
      Lock icon TAIPEI
      349 22 AFP □WPlndg *€2il TAIWAN stocks rose for the third consecutive day as investor confidence recovered on the back of a stable local currency, dealers said. The Taiwan Stock Exchange Weighted Price Index gained 62.11 points to 7,466.38, following a 1.7 per cent rise in the previous session. "As long
      AFP  -  349 words
    • Article
      Lock icon WELLINGTON
      246 22 AFP H Wellington 8 NEW ZEALAND shares rose 1.5 per cent yesterday on high turnover of NZ5259.9 million, dominated by trading in trans-Tasman insurer AMP. The NZSE-40 was up 29.38 points to 1,999.59. AMP, floated on Monday, lost further ground yesterday shedding NZ$l.42 to NZ$23. *n com ANZ B«nfctnq
      AFP  -  246 words
    • Article, Illustration
      Lock icon BANGKOK
      788 22 AFP "SET Index *15,50 THAI share prices soared yesterday on a technical rebound, boosted by regional market strength and a stable Japanese yen, analysts said. Some bargain-hunting in the wake of recent market declines was evident, but advances were likely to be short-lived amid ongoing recapitalisation concerns for commercial
      AFP  -  788 words
    • Article
      Lock icon SEOUL
      401 22 AFP yiOwnpaatelnte +23JBL SOUTH Korean shares yesterday jumped by an all-time record of 8.5 per cent on the Japanese yen's recovery and hopes that the Chinese yuan will not be devalued. The Composite Index closed up 23.81 points to close out at 303.81. Volume was 77.9 million shares worth
      AFP  -  401 words
    • Article
      Lock icon SYDNEY
      583 22 AFP FlAflOrdmariag »2i4 AUSTRALIAN share prices bounced up yesterday as a firmer Australian dollar cooled concerns over rising interest rates and gave the banking sector a lift. The All Ordinaries Index rose 24.4 points to 2,549.3. The All Industrials Index rose 37.6 points to 4,461.3 and the All Resources
      AFP  -  583 words
    • Article, Illustration
      Lock icon JAKARTA
      740 22 AFP rl Composite Index +19J3 INDONESIAN shares yesterday closed 5 per cent higher amid arbitrage-led buying of selective US dollar-earning counters following the fall of the rupiah, dealers said. A sales representative at a regional brokerage said the rise was triggered purely by the rupiah's sharp fall. "Some foreign
      AFP  -  740 words
    • Article
      Lock icon MANILA
      317 22 AFP P Manila -1037 PHILIPPINE shares closed 0.6 per cent lower yesterday as domestic and regional concerns weighed heavily on the market, analysts said. The Philippine Stock Exchange Composite Index fell 10.37 points to close at 1,716.18. Turnover fell to 490.6 million shares worth 948 million pesos. —AFP Manila
      AFP  -  317 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares surge on technical rebound
        375 23 AFP Fl Composite Index +15.04 MALAYSIA'S key stock index ended 3.5 per cent higher yesterday due to a technical rebound after recoveries in regional bourses and the yen's rebound. "Rises on the bourse were largely technical in nature and were bolstered as the yen recovered
        AFP  -  375 words
      • Article
        Untitled
        8562 23 Cmswmt pnAKtt Laat Vel Day Net Cap Ml» Lew Cl—wy h» "000 H» U. PK. tW 152 *?2 Ajinomoto 220 5 4 220 215 12.1 89 2 £2 t"?;*" M5 1 20 65 64 1.5 95.1 f?2 IS J?®" 0 F d 141 4.1 56.4 5S? 2?2 5*!3 4v, i
        8,562 words
    • WARRANTS & OPTIONS
      • Article
        City Dev wrt: stock may be better
        209 24  -  WARRANT WATCH By Ven Sreenivasan THE stock of property giant City Developments climbed back from a five year low yesterday as funds accumulated the counter after having driven it down in recent days. While the stock jumped 22 cents or 5.7 per cent
        209 words
      • Article
        Untitled
        3492 24 BONDS, LOANS t WARRANTS ma Mtoh l— LMt Vol Day Last Quota Avg W" C—mm* Sato ♦ar- COOO) High Law Buyar Seller Price M-5 m 3000 m AMOfl tSJHMMW H> I 9.5 13 20.5 5 3160 "Acer *0)0731 USS 5 -IS 5 5 5 5 8 95 8.5 3)64 Acma
        3,492 words
    • Article
      CLOB INTERNATIONAL
      2368 24 Transaction date Jun 17 MALAYSIAN STOCKS Gf Of 1998 Lwt »«< Day Le$t Quote Mr Dlv YM Net MClp HHK Lam Stn» C 0W»WV S*e COOP) MH> L— Buyer 5e«*r C vt Pft j*m 135 28 m J 5000 AISBSOc 50.5 *4.5 84 50.5 47 50.5 51 5.0
      2,368 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6102 25 Traasaction date: Jim 17 j Or Cr M Wt Hlah i_ t>u t*' 1 Va. Day Lilt Ou«t< Dlv Dlv YM Nat Cap A»« L»» StNo Company SM rOOO) Hlgft Law Buyar SaMar C vr H P/l JmM Prlea mOUSTVtALS <3 14 a 1020
      6,102 words
    • Article
      SESDAQ
      1187 25 a ,js, «g r 3 134 79.5 0 2000 ABRHIdqsSc 92 85 89 I I I 44 9 243 65 2049 AS Auto 10c 66 -1.5 1993 72.5 65 65.5 66 I5.0N 6.8 2J 5.5 75 4 68 82 48.5 2051 ASJ Hldgs 20c —57 54 ci 2 5
      1,187 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        220 26 Stocks Volume DBS Land 16,250.000 TAC BtIO 200 9,262,000 SingTel 15c 6,787,000 OUB Foreign 5,928,000 City De* 50c 5,726.000 •Rekapacific Bh 5,099,000 UOB Foreign 4,978,000 Wing Tai 25c 4,936,000 *MBf Capital 4,282,000 •RHB Cap Wt99 4,056,000 Stocks DBS Foreign 33,244,066 UOB Foreign 25,404,206 City Dev 50c 22,793,192 DBS Land 21,809,840
        220 words
      • Article, Illustration
        STII rallies as recovering yen brings calm to region
        661 26  -  STOCK MARKET COMMENTARY Bat analysts doubt the technical rebound can be sustained; property and bank stocks get a reprieve from earlier battering Ven Sreenivasan SINGAPORE stocks chalked up a strong technical rebound in line with regional equities as the Japanese yen
        661 words
      • Article, Illustration
        HOT STOCK
        79 26  -  -by Shiv Taneja UOB Foreign closed 25 cents higher yesterday at $5.15 on a volume of 4 97 million shares, compared with its 10-day traded average of 3.3 million shares. The daily and weekly RSI and Stochastics are heavily oversold, but the outlook for the counter is still
        79 words
      • ON THE GRAPEVINE
        • Article
          Bet times are bad
          144 26 PERHAPS the surest sign that the Hongkong economy is in the pits is the news just out from the perennially thriving Jockey Club. Ever since the club started keeping records in 1970, there has not been a single year when the total amount of bets fell
          144 words
        • Article
          Marriages are us
          81 26 FIRST, we hear of a mega second-hand book sale next month by the National Library at Suntec City in conjunction with the Great Singapore Sale. Now, we are told that Singapore's Registry of Marriages plans to open a one-stop bridal shop on its premises. Apparently, the folks
          81 words
        • Article
          Chasing the competition
          123 26 BANKING is a tough business. Yesterday in New York, 100 Citi bankers dressed in blue were scheduled to take their fight to the doorsteps of close rival Chase Manhattan Bank. The plan, according to Bloomberg, was for them to give away 40,000 copies of Citi's latest home
          123 words
        • Article
          Time travel
          73 26 ACCORDING to travel magazine Travelasia, a passenger called her travel agent and wanted to know how It was possible that her flight from Detroit left at 8.20 am and got into Chicago at 8.33 am. The travel agent tried to explain that Detroit was an hour ahead of
          73 words
        • Article
          Intelsat scores
          119 26 THOSE of us who spend hours in front of TV sets watching every World Cup goal may wish to offer a silent thanks to Intelsat, the global communications satellite system that makes this possible. Intelsat just announced that it will transmit 26,000 programme hours of World Cup matches
          119 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      57 17 t nfcr U JV PROPERTY FINANCE FROM SINGAPORE. For further information, please contact either Joyce Tan, Eileen Tan or Amy Wee at Tel: (65) 225 1233 and Fax: (65) 225 8013 Highly Competitive Interest Rate Fast and Convenient Service Flexible Loan Package Pre-purchase Approval y<£The Royal Bank A* of Scotland
      57 words
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      836 18 Swiss Bank Consolidated Balance Sheet at 31 December 1997 Consolidated Income Statement 1997 1997 1996 1997 1996 CHFm CHFm CHFm CHFm Assets Interest income 13 337 10 863 Cash and other liquid assets 2292 2188 Interest and dividend income from Money market placements 6911 6502 financial investments 119 100 Loans
      836 words
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      Page 18 Advertisements Column 2
      203 18 Coopers Seminars for Financial &Lybrand Institutions 14 -17 July 1998 Coopers Lybrand will be presenting a series of seminars to provide in-depth coverage of compliance, operations risk management, legal and regulatory issues for financial institutions. Participants who will benefit from this course are operation and risk management officers, audit officers,
      203 words
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      Page 19 Advertisements Column 1
      149 19 1 I m 'i&3, J x; i f > v-" i t LV, n K y v t- «.y Yv\ ■< Introducing two <>l' Singapore's mosl wanted piinlers. s J ~V- >;. M After examining two of our newest office network laser printers, we'd understand if you. too. V were
      149 words
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  • Page 20 Advertisements
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      Page 22 Advertisements Column 1
      77 22 f fjiitk Wrlh every purchase of $250 and above at Montblanc Boutiques, you'll be entitled to these A gift of privilege Exquisite Montblanc jewellery including j cufflinks, tie bars, money dips and key rings. All at privileged prices (from $109 upwards). now comes with more privileges. k And a complimentary
      77 words
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      Page 25 Advertisements Column 1
      82 25 Hello? I'm calling about Gosh, you're *m 80 k a PPy I your advertisement in great...just like f° un d my P et through The Straits Times Classified... I I the ad J I The Straits Times Classified. 1 you still have the puppy... J described. Y I m B
      82 words
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      Page 26 Advertisements Column 1
      376 26 BUSINESS Notices To advertise call toll-free 1800-741 1883 NOTICE Philippine National Bank USD 100 mio Negotiable United States Dollar Floating Rate Certificates of Deposit due in September 1999 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the interest period from 18 Jun
      376 words
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      Page 26 Advertisements Column 2
      186 26 f IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF KOTAMAS TRADING CO PTE LTD (Incorporated In the Republic of Singapore) (IN LIOUIDATION) MEMBERS' VOLUNTARY WINDING UP Notice is hereby given that the creditors of the abovenamed Company which is being voluntarily wound up. are
      186 words
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      Page 26 Advertisements Column 3
      352 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ENPROTEC INDUSTRIAL PTE LTD (Incorporated in the Republic of Singapore) At anExtraordinary General Meeting of the members of ENPROTEC INDUSTRIAL PTE LTD duly convened and held at 257 Selegie Rd #06-277 Selegie Complex Singapore *****0 on
      352 words
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      Page 26 Advertisements Column 4
      478 26 f IN THE MATTER OF THE COMPANIES ACT. (CHAPTER 50) AND IN THE MATTER OF KOTAMAS TRADING CO PTI LTD (Incorporated in the Republic of Singapore) (IN LIQUIDATION) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of the Members of KOTAMAS TRADING CO PTE LTD duly convened and held
      478 words
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      Page 26 Advertisements Column 5
      396 26 Tanglln Mall, every third Saturday of the month, spm 11pm I cats] IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BEST EXCEL SECURITY ALARM SYSTEM PTE LTD tin Members' Voluntary Liquidation i NOTICE OF SPECIAL RESOLUTIONS At an hxtraordinary General Meeting of the Members
      396 words
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      Page 26 Advertisements Column 6
      78 26 and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification, ground-breaking ceremony or a toppingout ceremony. It's another chance
      78 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      302 27 Bridge News Reuters THERE continued to be higher rates talked for Atlantic Panamaxes, but most believed this to be a positional firmness. Capesize trading largely remained flat with rates weak in most areas. The morning session saw spreads moving on Biffex, as June pushed up 12 points whilst
      Bridge News; Reuters  -  302 words
    • Article
      MARITIME STOCKS
      285 27 n w CWT Distribution.. 0.395 un<h n Chuan Hup 0.35 *0.02 30 Cotco Investment 0.61 -0.003 3 rrjtghtUnhi <UO unch 75 OSHeWnqs 0.22 -0.01 2 Hup 0.405 unch 48 Hitachi Zosen 0-57 *0.03 92 IMC Hotdbigs HK 5.60 Jaya Holdings OJS unch 23 Jurong Shipyard 8.10 *0J0 1156
      285 words
    • Article, Illustration
      Lock icon South Korean yards' ship orders surge 47%
      519 27  -  After slow start, yards bagged < *ders for 29 ships o* 1.77 m gt in Hay By. Felix Chan [SINGAPORE] Notwithstanding the Asian economic flu, Korean yards are well on their way to meeting their fiscal targets for the year, judging from the
      FILE PHOTO  -  519 words
    • Article
      SML unit expands operations to Thai port
      214 27  -  By Marcus Hand [SINGAPORE] A subsidiary of Sembawang Marine Logistics (SML), Oil Tex Thailand, is expanding its offshore logistics operations to Sattahip Port on Thailand's eastern seaboard. Oil Tex Thailand, which operates the Sattahip Supply Base, has secured berthing facilities, nearly 17,000 square
      214 words
    • Article
      Newbuilding orders may have peaked, despite very low prices
      748 27  -  NEWBUHiDS By; David Hughes SOME hefty contracts feature in this week's newbuildings list. Two VLCCs for independent owners reflect, at a reported US$77 million (*****.75 million) apiece, the very low US dollar prices the South Korean yards are able to offer
      748 words
    • Article
      Yang Ming bucks trend with US$287m order
      392 27  -  Five-ship purchase represents savings of USslom a vessel By. Marcus Hand [SINGAPORE] Taiwanese line Yang Ming is to order five containerships for US$2B7 million (*****.2 million) from a South Korean shipbuilder. Yang Ming has signed a letter of intent with Hyundai Heavy Industries
      392 words
    • Article
      Lock icon Pudong shipyard project faces financing woes
      331 27 AFP [SHANGHAI] A shipyard in Shanghai's Pudong New Area that is expected to be China's biggest upon completion in 2001 is running into financing difficulties, the official China Daily reported. "We are disturbed by the shortage of construction capital," Ping Weiqing, the vicedirector of
      AFP  -  331 words
    • Article, Illustration
      Lock icon Brazil faces the crossroads
      1139 28 SHIPPING INDUSTRY A once-major maritime nation is trying to win back its greatness, but shippers do not expect miracles any time soon Surveyor BRAZIL is a land of contrasts. Its former capital, Rio de Janeiro, is a mirror of that. In Bio you can drive from
      Surveyor  -  1,139 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      261 28 PAGE Danveron 4 ACL 9 Of* Lt °r<! 9 AMI 3 Dongnama 3 9 Accord 8 ECL 5 Appenslup 5 Ethiopian 6 It Astro 3 Eurohans 6 Austral 9 Evergreen 6 BSA 7 Eoong Sun 8 Batamindo 7 Clink 4 Bayswater 6 Gemartrans
      261 words
    • Article
      SHIPPING GUIDE
      25355 36 thebusinesstimes THEBUSINESSTIMES EXPORT muKauAi, juiNti lo, iyy« sin* A A<, r,is r Voyage Telephone I ETA ETA Advertiser Vessel Voyage Telephone 4m Number Number SIN Dest'n Name Name Number Number I iMMMMWMMMMHHHHHnMMHBMHHHnHH A I 05/07 03/06 Saferoute HYUNDAI TRUSTY 303W 65 *****22 I 05/07 11/06 Quadrant DORIAN 235W
      25,355 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        779 41 Voy No Berth Arrival Departure I*"* °"096 JOI aiongvcle 18 06/0600 at >«>a JOI alongside 17 06/1400 Sain*, J0 alongside 17 06/1800 2; I"* *****8 JOI alongside 17 06/1500 f"*" JOI alongside 18.06/0200 y'^ 8 M alongside 18 06/1300 r5U?* J'S alongside 17 06/1700 <03/98 JK «0<V}Sid« 17
        779 words
      • Article
        CONTAINER SCHEDULES
        1754 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From U» DAttl C28I9 20/0100 U 17/1500 17/1*59 17/1900 18 17/1500 17/K59 umoo U 17/1700 a/0*59 a/0900 28 17/1700 W/0651 li/0900 1 1/0700 18/1159 18/1400 4 It/1200 a/1459 a/1700 Apt Ivory
        1,754 words
      • Article
        GLOBAL HOLIDAYS
        170 41 Jan 19. Finland: Midsummer Eve Holiday. Jna 30. Finland: Midsummer Eve Holiday. Sweden: Midsummer Eve Holiday. Jna 23 Luxembourg: National Day. Inn 30. Brunei: Half Year Bank Closing. JnlL Canada: Canada Day. Hong Kong: SAR Establishment Day. Jul 2. Hong Kong: SAR Establishment Holiday. United States: Independence Holiday.
        170 words
      • Article
        COCKETT BUNKER MARKET REPORT
        785 41 THIS report, compiled by Cockett Marine OU Ltd. shows price ranges in US dollars Instead of single prices for a more comprehensive description of the market Prices shown are based on average-sized stem Market movements are indicated. The Cockett Bunker Price Index change and the lndi
        785 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        503 41 Carbon 180 Max 992.) 1.0 18.0 0.10 72 0.07 -l«" >1 Density Water Residue Ash Aluminium Sediment No above £25 6 0 12 0 0 0 380 Ave 987.0 0.2 16.7 0.06 31 0.03 Cum 380 Mm 991.6 0.9 19S 0.11 S8 0.09 KC/M'3 m/m m/m
        503 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Boeing expected to predict US$1.25t market for aircraft
        535 42 Rising demand for medium-size planes, which represent about 43% of market [SEATTLE] Boeing Co, the world's largest aircraft maker, is expected to forecast today that US$l.25 trillion (552.12 trillion) of jetliners will be sold in the next 20 years, driven largely by
        FILE PHOTO  -  535 words
      • Article
        Dragonair sees only slight fall in gain despite downturn
        417 42  -  From. Loh Hui Yin in Hongkong DRAGON Airlines will see its profitability dip this year because of the regional economic downturn, said its chief executive Stanley Hui Hon-chung. "We can't be making more than we did last year in the current
        417 words
      • Article
        Lock icon Cathay to fly non-stop NY flight
        201 42 Reuters [HONGKONG] Cathay Pacific Airways Ltd said yesterday it will operate the first nonstop flight from New York to Hongkong flying over the Northern Polar region next month. Cathay said in a statement the flight, Polar 1, was part of the carrier's celebrations to
        Reuters  -  201 words
      • Article
        Lock icon Air NZ jumbo aircraft makes emergency landing in Auckland
        293 42 Reuters [AUCKLAND] An Air New Zealand Boeing 747-200 jumbo jet with 372 people aboard made an emergency landing yesterday at Auckland International Airport after an engine caught fire following takeoff, the airline said. The affected engine was shut down and the
        Reuters  -  293 words
      • Article
        Lock icon Operating profit of world airlines up last year
        476 42 For the first time in 5 years, growth of Asia-Pac region not the world's highest Reuters [MONTREAL] The operating profit of the world's scheduled airlines rose to 5.7 per cent of operating revenues in 1997, up from 4.4 per cent the previous
        Reuters  -  476 words
      • Article
        ANA flight crew to resume selective strike next week
        393 42  -  By] Felix Chan [SINGAPORE] Pilots and flight engineers at Japan's All Nippon Airways (ANA) will resume a selective strike next Tuesday after talks aimed at reaching a compromise reached a deadlock on Monday. The ANA Crew Association said it had notified
        393 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1759 42 CtTY FLIGHT CT< FLICWT ETO aimimmh cvm 2030 6M(niho«ptc so»o3 iw U3S2 oa35 MM BA7381 1930 BA7382 2055 CZ3S3 2045 ofbi w3o ofs2 2055 caw wo J »a» rao <ii*w soow w» Amittrdaai K1843 0450 W.846 0040 Hawi VK741 1310 ****** MW MIT wg BJ3» HOP
        1,759 words
  • Page 27 Advertisements
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      19 27 Brazil shipping industry faces the crossroads A once-major maritime nation is trying to win back its greatness. Page 2
      19 words
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      Page 27 Advertisements Column 2
      346 27 Boeing expected to predict US$L25t market for aircraft Demand for medium size planes, which represent 43% of market. Back Page I SHIPPING"* I rwwj I B Star Shipping AS is a leading carrier of forest products and bulk cargoes with a B B modern fleet of 45 open hatch vessels
      346 words
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      677 28 1 SUPER BHUTTLE EXPRESS |ftf m tptf VOTAOt 181 1 MM rasa VOY JEA I MM I MM I WD I IM I «K I KO I Si OOdOMU 23W522 01/ M 11/04 00a MtTAJN UWS23 10/04 20/04 PtO NEOUOYD DAMMAM 271 03/0* 05/04 05/06 07/04 12/04 14/04 10/04 11/04
      677 words
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      Page 28 Advertisements Column 2
      84 28 A SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPANPORTS Hong Kona All Chlnm Port* <EVERY THUR SUN VESSEL! VtSS{L VOY ETD SM ETATYO ETA KOI ETA YOK ETANGO ETA OSA ALLIGATOR MIRACLE V.***** 14 JUN 22
      84 words
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      Page 28 Advertisements Column 3
      665 28 Lines services represented u (iWGSBiI byMembefS n6Re9,S,ryo fcff® SooaporeC^^Lders vpSX/ Accredited Sapping Agents wjUU Association Singapore Shipping Association NEW ADVERTISER Find out more about their service: NTL Naigai IVans Line Him to Page 6 I Send out 48,000 copies of your sailing schedules S ftrou nd Asi&« Place an ad
      665 words
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      Page 29 Advertisements Column 1
      1044 29 SAX SERVICE (DIRECT) vgsa vot sura lax oak mi hou og ca mem aii nyc APIGAMCT 0171 17/06 02/07 06/07 06/07 07/07 06/07 07/07 07/07 10/06 10/06 AfISHNR 0031 24/06 09/07 13/07 13/07 14/07 13/07 14/07 14/07 22/07 22/07 APinwouoet oite 01/07 16/07 20/07 20/07 21/07 20/07 21/07 21/07 22/07
      1,044 words
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      Page 29 Advertisements Column 2
      1910 29 HANJIN SHIPPING HANJIN SHIPPING (S) PTi ITO Imp llwtm Imp* cam lOOUNC 37*0735 237 SAIiS *****74 731 DOCUMENT 37*0771 774 OPHATIORS 37*0741 757 MUN UW *****55 FAX 777W60 CI HO **********0 M TO NW USA CANADA USA CANADA* FOR VSI/VOT MM SM UNI HAUI/VOY ["*1 TIW DIN POX |OP MSP
      1,910 words
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      Page 29 Advertisements Column 3
      470 29 FUL LY CON TA INI Kill P DID ICA HP IIRVICIS VESSEL VOY_ SIN PIG VOY SIN HKG KEL USN PUS [vtSSa I VOY I SIN 1 PIG IvESSEI IWW I SIN I JIT KA4TC KEELUNG SO4S 14/06 16/06 804W 17/06 21/06 23/06 2S/06 26/06 offi |a$ io/fr liutTC MRS
      470 words
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      Page 30 Advertisements Column 1
      1435 30 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEDITERRANEAN/CANADA VtSStl VOY SW LEH RTM AMR HAW 9RV fU VESSEL VOY SIM JEO GIT Sit FOS VLC MTU TRAOI»LENf WOKS 19 Of 10 07 11 07 09 07 10 07 12 07 CHOYANG PHOENIX WMB2B 1109 79 09 OS 07 07 97 99
      1,435 words
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      Page 30 Advertisements Column 2
      1256 30 MY LJNE Internet Wot) S(t* http: //www.yml.com.tw )%i9ii*itjii44'Hr ti v < AMnMi hxe O MY tucsmy vessel "0* lew fxt ham anr hfa Sill MALACCA BR ABIBE SLD SLD SLO SID 09/06 23/06 MING SUN ABI9E SLD 04/06 06/06 08/06 16/06 30/06 MING GALAXY AB2OE 10/06 11/06 13/06 15*6 23/06
      1,256 words
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      Page 30 Advertisements Column 3
      449 30 LINE zSSSr TIL: *****56 FAXi *****13 MUARA LABUAN vtssa vor no eta vnsa vor mi n* SPORE MUARA SPORE UN apragmrt via/* u/06 20/06 apriguhy vi*/w \j/m 21/06 A PROSPER VI6E/98 72/06 25/06 i- WOSfH VI6E/9I 72/0* 26/06 APRHGIORY VI6E/98 76/06 71/06 AmOOHY Vl6t/W 76/06 30/06 J. PROSPER VI7I/91 07/07
      449 words
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      Page 31 Advertisements Column 1
      1259 31 VESSEL VQY SIN PQU PKO PEN BLW SUR DUB BA BIK "I IRAN TEYFOURI PJL 1287 08/00 17/00 18/00 IRAN MOBIN PJL 1293 21/00 30/00 01/07 IRAN QHEYAMAT PJL 1292 09/07 14/07 18/07 IRAN MATIN PJL 1297 20/07 29/07 30/07 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN A CIS
      1,259 words
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      Page 31 Advertisements Column 2
      2344 31 DIRECT SAILING Q 1 TO SHANGHAI ft XINGANG J I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (B/L) *****02 JOHORE OFFICEI COSTAR SHIPPING PTE LTD #i7-oa dis bldg saies/bkgs *****41/43 inward dirt (D/o) *****85 COSTAR AGENCIES (AA) SDN BHD j__4?***** TEL 02-07-35 ***** FAX: 02-07-*****70
      2,344 words
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      Page 32 Advertisements Column 1
      1324 32 EUBOPEfIJK/SCAHOINAVIA/TIHLAHD/BUSSIA SGP ROM ANW HBG THP ZEE LHV LHV TOP ROM ANW MBG PKL SGP r 2ff-1 XEHW ##3 nm IM7 15^7 13/07 14/07 15/07 E GOOOS RE-061 26/05 27/05 25/05 2(4)6 22/06 r HW e3 VIM "/07 22/07 11/07 20/07 21/07 22/07 E GLEEFUL RE 052 31/05 02/00 01/06
      1,324 words
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      Page 32 Advertisements Column 2
      800 32 AM MAC-NELS S'PORE M'SIA Carrier: MN CONTR LINES, INC P. OUDANG: (07) *****26 I jVy J GW WOi **********0 C SIBU: (084) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANQ: (03) *****77 JKT: (21) *****07 MON: (61) *****3 KUCNNO (082) *****1-3 COLOMBO/ KARACHI
      800 words
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      Page 32 Advertisements Column 3
      456 32 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEI I VOY 1 SIN I PU) I DUB I CPT I R/MT gjUjgj DKAGOW VOOSS 20/04 30/06 04/07 Qg/07 NANTAI PKIHCESS VO77S 27/06 12/07 14/07 MAWUIQUEEW VO2BS 06/07 17/07 21/07 26/07 30/07 NAXUIDRAGON VOO7S 14/07 24/07 28/07 02/08 NANIAI PtIWCE
      456 words
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      Page 33 Advertisements Column 1
      409 33 BSA^ M MYANMA pHBk FIVE STAR LINE (Myanmor National Line) Loading for Yangon (Rangoon) VBSft VOY SIN PUG PfM PGU •*OO 102W SID KONG LA 15W 23/06 MALAYSIA AGtNTS: lOUSTEAO SHIPPING AGENCIES KUL m 02-03-*****00 PKL HI 02-03-*****01 PEN: IE 02-04-*****02 PGD: Ttl 02-07-*****21/4 M BANK LINE (A wiin of
      409 words
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      Page 33 Advertisements Column 2
      1229 33 HMM?HYUNDAI MERCHANT MARINE CO., LTD. IVESSEL VOY SBN SOU LEH RTM AWT HAM (RV fa IVESSE VOY I SOU I LEH KTM AMI HAM Wi FB W I an S47W 11/06 06/07 11/07 00/07 09/07 DANUK 5381 25/05 30/05 27/05 21/05 11/06 NOIKIS 003W 19/06 10/07 11/07 05/07 07/07 HY
      1,229 words
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      Page 33 Advertisements Column 3
      1115 33 noMegan spaciofoed aukxarmn mi HELMSE/V (juQcBCoKS mm mm L/NES TO NORTH AND LATIN AMERICA "*ORO HEAYYUFT SERVICE" [VESSEL VQT RAMP HEIGHT SIM LAX CKi MIA SAV MI Otf KYC NEW MOB TARONGA FSI3 4001 ms 6.3 M 30/04 25/07 037 M *****~ 01/01 10/01 It/01 12/01 17/01 19/04 TAMO FBl4
      1,115 words
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      705 34 BAWOKOK/LAIM CHABANQ JAKARTA/PAN JANG VESSEL VOY SIN Si(K LCH VESSEL VOY SIN JKT PJN XETHA BHUM 237N In Pt 21/06 GURU BHUM 82SB In Pt 21/06 MATHU BHUM 388N 20/06 24/06 23/06 DEJA BHUM 752S 20/06 25/06 YANTRA BHUM" 245N 21/06 24/06 25/06 ANRO GOWA" 038 20/06 24/06 CHANA BHUM
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      Page 34 Advertisements Column 2
      503 34 IBINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD. SINGAPORE 0208 TEL: *****68 FAX: *****64 TLX: R*****5 SINMER CR No: **********0W Receiving Cargo at PTI I Blntulu i Muara j VESSEL VOY SIN |TU M SIN MUA I Sena V9812E 22 23/06 28/04 Jode V9BIOE 19 20/06 2S/06 Bfckut V9809E 01-02/07
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      Page 34 Advertisements Column 3
      531 34 A ACCORD A SHIPPING PTE LTD TEI: *****15 (40 Line*) FAX *****30 Ml KLAMG (OS) 367 1001 Mm WL DIRECT ACCESS TEL *****55 (EXPORT BOOKING) us* CUDAMC (07) 351 1377 *****34 (EXPORT DOC), *****39 (IMPORT) WMM (04)337 1440 URLHTTP://WWW.ACCORD.COM.SG JMJUtTA (71) MO 0770 MIT IM SIN Tow m SIN POKT
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      Page 34 Advertisements Column 4
      37 34 LNS EXPRESS (S) PTE LTD Blk 217 Henderson Road. #01-04 Henderson Industrial Park, Singapore *****5 CR NO: **********0/H Air-Sea International Freight Forwarders MANILA I Also accepting Heavy Lift Project Cargo Tel: 65-276 7996 Fai: 65-276 3740 I
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      Page 35 Advertisements Column 1
      430 35 INDONESIA NATIONAL LINE TO EUROPE "T EXPRESS SEMI-CONTAINERISED SERVICE m I S PORE lA'OAM/R QAM HIURG BREMEN ANTWERP VESSEL 22/00 27/ M OMIT 02/09 TO AUSTRALIA RILL CONTAINER SERVICE wr_ TWW] I FHE I OWE I STD I MEL I «A Ad. [HE A«T EMTEMUBE VISS IMP IVM if 2SM
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      Page 35 Advertisements Column 2
      1073 35 I ADVANCE CONTAINER LINES (PTE) LTD A II 140 Cecil Street, *12-00, PIL Building. Singapore *****0 I ~P\\J Lai TEL: *****21, FAX: *****19, TELEX RS ***** ACLPL I CR NO. **********0E OPERATIONS: *****60/*****05 J BANGKOK JAKARTA j (WhUy 8 SI9I PAT/2 SIQ» LCH/1 Sip >MT) »«IIIih«/Wm>) VESSEL I VOT I
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      Page 35 Advertisements Column 3
      883 35 Ig^jgigi^B VESSELS IVOY SIN JED MLA LEH HAM THP RTM ZEE VILLE D'AQUARHJS U26W 23/06 01/07 06/07 12/07 13/07 15*07 15/07 16/07 VtXE DE ANTARES L26W 30/06 09/07 13/07 19/07 20/07 22/07 22/07 23/07 VM-LE DE VWGO S26W 07/07 15/07 20/07 2fttt7 27/07 »Q7 29X07 30/Q7~ VILLE DE VELA N26W
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      Page 37 Advertisements Column 1
      49 37 Sltfl Dial 740-6000 on demand —(Retrieve more schedules!) Sj££ Press T ct JCX Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number STMiTjEnter your phone number Another Innovative service offered by The document Wl'll be SHIPPING TIMES
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      Page 39 Advertisements Column 1
      43 39 —(Retrieve more schedules!) Press "1" J Select the port and key in 51 the four digit code -—eg: To New York (NYC) 2275 Key in your fax number I your phone number Another innovative service offered by The document will be SHIPPING TIMES
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  • Page 41 Miscellaneous
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      Page 41 Miscellaneous Column 1
      126 41 LEGEND R Thunderstorm Temperature V Shower Weother Wind direction with speed m knots e Rom Cloudy Sky Wove height 0 owt «y with the wind P ,U Clfde r P ,n COtm *+< vonobte wmds W On. hort Heche represents 5 knots l—.One fu« fleche rep.esents 10 knots One solid
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      Page 42 Advertisements Column 1
      271 42 An intensive and interactive two-day /&*A6a/u' workshop session to equip you with tfyrtttyrw*. hard hitting, focussed, up-to-date How to Overcome the Year 2000 Bug? information on the latest and most effective logistics technology tools ftirfoAop SApA&pto: century I Benchmarking Logistics and Physical Distributions understand and manage complex, MP Director. Far
      271 words