The Business Times, 26 June 1998

Total Pages: 38
1 38 The Business Times
  • 12 1 THE BUSINESS TIMES MITA(P) 110/12/97 85C SINGAPORE Internet: http://www.asial.com.sg/biztimes FRIDAY, JUNE 26,1998
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  • 67 1 8111 14*83 (-5.02) nvr-m mmmM (-i.6i) BTOQ9KP BNLM (-10.25) ST USA 588.13 (-3.88) gjUHBTMOCm: STOCK MABXET INDICES Thursday Change KLSE COUP .448.42 4.95 NIKKEI 14,***** +9.®4 HAM) SENO 8,665.83—♦369.06 SET INDEX 264.09 -166 JAKARTA COUP —428L81 -tl§ MANILA COMP —1.71KB -M6 TAIPEI WP1 7,***** +61.93 SEOUL COUP 380J7
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  • 77 1 FOKEZ KATES uss ss LSI l.«M £(US$/S$ per 1609 IW7 DM 1.794 0.924 YEN 140.9 1.177* RM 1971 0.418 HKS 7.744 0514 BAHT 4122 0.040 RUP1AH 14,800 0011* St to 100 units PUKE SATES SINGAPORE* 7.88 KUttAUUMPUR 11.50 JAKARTA 58.00 BANGKOK...... 14.75 MANILA 22.90 HONGKONG 10.25 TAIPEI 8J» SYDNEY
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  • 1181 1  -  Ties have not been moving in the right direction of late, saysTanriAbeng By' Yang Razali Kassim [SINGAPORE] Strains in relations between Singapore and President BJ Habibie's government in Indonesia, suspected for some time, have been confirmed by a minister in the new Indonesian leader's cabinet.
    GEORGE GASCON/THE STRAITS TIMES  -  1,181 words
  • 519 1  -  Bot full-year growth still likely to be positive, says By Audrey Tan [SINGAPORE] Singapore may slip into a recession in the third quarter, but fullyear growth is still likely to be positive, Deputy Prime Minister Lee Hsien Loong said on Wednesday.
    519 words
  • 312 1  -  From Quak Hiang Whai in Hongkong SEVERAL of Hongkong's leading companies plan to repatriate some HK$l3 billion (Ss2.B billion) in offshore deposits back home to take advantage of the government's move to exempt local deposits from corporate tax. Analysts said
    Source: Bloomberg  -  312 words
  • 947 1  -  Bnt premier says Daim will not be at odds with Anwar From Eddie Toh in Kuala Lumpur MALAYSIAN Prime Minister Mahathir Mohamad yesterday confirmed what was largely speculated on Wednesday that a change of economic course was on the cards
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  • Page 1 Advertisements
    • 160 1 DHBPE Tfee feet to be gMd The US economy in Q1 grew at a faster pace than previously estimated, reflecting a record buildup of business inventory that will slow an economy already struggling with a fall in Asian demand, P®7 Big deal in the dfing? Nat Steel Electronics is said
      160 words
    • 42 1 Jakarta signs nsw IMF deal Forced back to the drawing board after the recent violence in the country, the new agreement is notable for its marked shift in focus and reform targets. SmPQ4 Economy set to shrink 1.7%: NTU unit, Pg 2
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    • 45 1 Let's not compete in all spheres: KL minister, Pg 2 iKM■'•; K fii* Mi v' 'vl jr X f?Jgß& -ft 4'— BaHy-; <• 'ffiMß-ffißa v Ji* ,-c •?fo» >-5Iltf <■ '-3aw^S^*-*t2!^ «ftll Wmw ~^mr* r "T-""s^''" «f f| T 18 I i v j^lr- -.<%• r sj§i^p>*- J
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    • 47 1 HUM REUTIRS Royal treatment for the Clintons [XIAN] US President Bill Clinton and his wife, Hillary, arriving in China yesterday to an •Emperor's Welcome The Clintons were greeted with a 100 m red carpet and 800 dancers, singers and actors in traditional costumes. PnU report, Pg 6
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  • SINGAPORE AT HOME & ABROAD
    • 459 2  -  Too much emphasis on M'sia, S'pore differences instead of common heritage and future, he says By i Carol Eng SINGAPORE and Malaysia should try to avoid the trap of competing in all spheres of economic activity, said a Malaysian politician at a
      459 words
    • 135 2 WATER tariffs, including the water conservation tax, will be raised by up to 24 cents per cubic metre for domestic users from July 1. Non-domestic users wiU not be affected, said the Public Utilities Board and the Ministry of Environment yesterday. The new
      135 words
    • 534 2  -  Q2 will be start of 4 consecutive quarters of negative growth By- Audrey Tan THE economic downturn this year will be worse than during the 1985 recession, with the economy set to shrink 1.7 per cent, said Nanyang Technological University (NTU) economists yesterday.
      534 words
    • 346 2  -  EYE ON THE ECONOMY Multiplier effect By. Anna Teo EVERY dollar of output from the construction sector will spin off another $1.60 of output from other sectors for the economy, an analysis based on latest available input-output figures shows. This would refute the view that attempts to
      346 words
    • 342 2 TWO labour Members of Parliament have urged the government not to cut the employers' Central Provident Fund contribution rates, saying it should only be a last-ditch measure to help prop up ailing businesses if Singapore plunges into a
      342 words
    • 389 3  -  PM's Office says other schemes of service not affected by pay cut or freeze in this year's review By. David Boey ONLY Administrative and Legal Service officers will see their pay cut or frozen in this year's review of civil service
      389 words
    • 523 3  -  But some job seekers still fussy as impact of downturn has not folly sank in By< Carol Eng THE job market is starting to turn into an employers' market, as companies now see more applicants for openings. Still, response is not overwhelming, some
      523 words
    • 467 3  -  By Jenny Lam THE average capital value of offices fell 9.9 per cent to $1,090 psf In the second quarter its biggest quarterly decline since Its peak in the third quarter of 1996. The faU in average monthly office rentals
      FILE PHOTO  -  467 words
    • 199 3 THREE of the 33 lots of property put under the hammer by Jones Lang Wootton yesterday were sold for between $1 million and $1.32 million. The real estate agent said two of the 19 properties up for mortgagee sale via auction yesterday found buyers. Both
      199 words
  • Page 2 Advertisements
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    • 119 2 APOLLO HOTEL SINGAPOR6 EXPERIENCE THE NEW APOLLO AT IRRESISTIBLE RATES 1/7/98 30/9/98 Superior Room Deluxe Room DAILY AMERICAN BREAKFAST NEWSPAPER FRUIT BASKET FREE LOCAL TELEPHONE CALLS COMPLIMENTARY USE OF SWIMMING POOL 10°o DISCOUNT FOR RESTAURANTS MANAGED BY THE HOTEL 10°o DISCOUNT ON BUSINESS CENTRE CHARGES (EXCEPT ON TELECOMMUNICATION FACILITIES) EXTENDED
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  • Page 3 Advertisements
    • 89 3 Buy It. Sell It. Find It. Classified. Call Today \ca^ For Results Tomorrow. itoo-737ii*« jkl i r mm 'mm -i^fin>-fiif in! s i h% I *f*«; HftfSML,-Cf^iflls iff M3i,s Ita>fe "u' *&L, i ,1 **> ,T 1 j J V# 1*,.; y f••-. nP' *J|? ALFRED DUNHILL LONDON ft 'yi\'\.,
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    • 588 3 FIRST The First National Bank of Chicago CHICAGO Headquarters: One First National Plaza, Chicago, Illinois *****. NBD CORPORATION Consolidated Balance Sheet Consolidated Income Statement December 31 (Dollars in millions) For the year (In millions, except per-share data) 1997 1996 I##7 1996 Assets InttfßSt lncofD€ Cash and due from banks S
      588 words

  • ASIA'S ECONOMIC SLUMP
    • 711 4  -  Contraction of above 10% projected, US$4-s6b more may be needed for bailont From Shoeb Kagda in Jakarta INDONESIA sharply revised downwards its economic targets, projecting a contraction of more than 10 per cent and signalled that an additional US$4-$6 billion (556.6-$9.9
      REUTERS  -  711 words
    • 356 4 New orders appear to ran counter to plan to overhaul state sector Reuters [BEIJING] China has ordered commercial banks to boost financial support for loss-mak-ing state firms, a reflection of Beijing's growing concern about unemployment, an official newspaper said yesterday. In
      Reuters  -  356 words
    • 396 4  -  From Quak Hiang Whai in Hongkong IN the turbulent month of May which saw heightening social unrest in Indonesia and the resignation of former president Suharto, Hongkong's foreign reserves rose to U5596.4 billion (*****.8 billion) from U5596.2 billion. In terms of
      396 words
    • 495 4  -  US Deputy Treasury Secretary says pace of action is crucial From Leon Hadar in Washington A TOP Clinton administration economic official has called on Japan to take decisive action to re-energise its economy, stressing that a revived Japanese economy was a necessary
      495 words
    • 306 4 Reuters [TOKYO] The Bank of Japan is likely to hold fast to its current easy monetary policy ahead of government steps to clean up bad loans burdening the financial sector, analysts said yesterday. With the possibility of such steps
      Reuters  -  306 words
  • Page 4 Advertisements

  • REGION
    • 348 5 JAKARTA No reason given for removal; East Java military commander to take over post Reuters THE military commander of the Indonesian capital, torn apart by massive rioting last month, is to be replaced, the official Antara news agency reported yesterday. He is the
      Reuters  -  348 words
    • 197 5 JAKARTA Reuters THE eldest daughter of former president Suharto, Siti "Tutut" Hardiyanti Rukmana, will stay on as president of the country's largest toll-road operator Citra Marga Nusaphala Persada (CMNP), the Jakarta Post reported yesterday. "None of the shareholders asked for Tutut's
      Reuters  -  197 words
    • 244 5 JAKARTA Present minimnm represents only 65% of subsistence level Reuters INDONESIAN Minister of Manpower Fahmi Idris is expected to announce increases in official minimum wages this week, the Jakarta Post reported yesterday. The increases were decided after consultation with representatives of workers
      Reuters  -  244 words
    • 225 5 HANOI Reuters AFP VIETNAM'S trade gap narrowed slightly in the first half of this year while industrial output slowed, official statistics released yesterday showed. The General Statistics Office estimated the trade deficit for January-June at U551,298 billion (Ss2.l billion), against U551,432 billion in
      Reuters; AFP  -  225 words
    • 365 5 JAKARTA Reuters HUNDREDS of fishermen burned trawlers, warehouses and an office in Indonesia's north Sumatran town of Gabion after a dispute over territorial fishing rights, witnesses said yesterday. Some 500 fishermen went on rampage on Wednesday in Gabion, near the port
      Reuters  -  365 words
    • 344 5 BANGKOK Reuters A PROTEST in the Thai capital over debt relief by about 3,000 poor farmers will end today after the government made a concession to their demands, a protest spokesman said. "We are satisfied with the concession and will end our protest and
      Reuters  -  344 words
    • 522 6 GLUTTON'S VISIT TO CHINA Amid grand welcome, he speaks of the common aspirations of both peoples Reuters [XlAN, China] Amid welcoming red lanterns and silkrobed dancers, US President Bill Clinton yesterday began a controversial state visit to China and wasted no time defending closer ties
      Reuters  -  522 words
    • 334 6 BEIJING Exports rise 18.1% while imports are up a slower 2.6% Reuters CHINA posted a trade surplus of U556.93 billion (5511.5 billion) with the United States in the first five months of this year, the Xinhua news agency said yesterday. China's
      Reuters  -  334 words
    • 52 6 [BEIJING] A computer screen in a department store shows a picture of a Chinese man, superimposed on to a photograph, shaking US President Bill Clinton's hand on Wednesday. Mr Clinton arrived in the ancient Chinese city ofXian yesterday to kick offa nine-day tour of
      REUTERS  -  52 words
    • 396 6  -  Sithe China signs USs4lsm joint venture contract to build Zhejiang plant By\ Lu Ning [SINGAPORE] Riding on the positive sentiment created by US President Bill Clinton's visit to China, an affiliate company of a Singapore government Investment arm with heavy American interest yesterday signed
      396 words
    • 231 6 BEIJING AFP PRESIDENT BUI Clinton's landmark visit received a strong economic head start yesterday, as US companies signed more than US$2 billion (553.3 billion) in trade and investment deals before the leader even set foot on Chinese soil. The announcement of
      AFP  -  231 words
  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 507 6 I BUSINESS A otices TO ADVERTISE CALL TOLL-FREE 1800*741 1883 BEADTECH IS) PTE LTD |Incorporated in the RepvMc of Singapore) MEMBERS' VOLUNTARY WINOMG UP NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that a Final Gen«rai Meeting of the Company will be held on 25-7-96 at 4p m at 82A
      507 words
    • 306 6 ALFA-PACIFIC NOMINEES PRIVATE LIMITED (IN COURT WINDING UP) NOTICE OF INTENTION TO DECLARE FINAL DIVIDEND Take notice that a final dividend ta intended to be declared in the above matter, and that M you do not establish your claim to the satisfaction of the liquidators on or before the 17
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  • THE WORLD
    • 547 7 WASHINGTON But economy likely. to slow due to Asia crisis, record rise in business inventories Bloomberg THE US economy grew at a Caster pace in the first quarter than previously estimated, reflecting a record build up in business inventories that's
      Bloomberg  -  547 words
    • 108 7 BONN Bloomberg GERMANY will spend 25.3 billion deutschemarks (5523.4 billion) in 1999 to combat near-record unemployment, the same as in 1998, Chancellor Helmut Kohl said. Spending on aid for the long-term unemployed also will not change, Mr Kohl said without giving a figure.
      Bloomberg  -  108 words
    • 802 7  -  EUROPEAN rttfw Bat Alstom's damp IPO debnt shows some investors arent so confident By Kevin Sullivan Engineers are optimists. Investors less so. Alstom, one of the world's largest civil engineering companies, was floated on the Paris bourse on Monday, with subsidiary issues in London
      802 words
    • 156 7 BAGHDAD AFP IRAQ blasted UN amis chief Richard Butler and warned a new crisis was looming after the Security Council renewed sanctions following his report on the lethal nerve gas VX yesterday. "There are signs of a new crisis being prepared with the
      AFP  -  156 words
    • 40 7 [BELFAST] Sinn Fein leader Gerry Adams launches a campaign poster outside Belfast city hall on Wednesday, which was the final day of campaigning for the new Northern Ireland assembly which was elected yesterday. REUTERS
      REUTERS  -  40 words
    • 291 7 FRANKFURT Bloomberg THE Bundesbank left its interest rates unchanged, meeting expectations that the central bank would postpone a rate move before the start of Europe's common currency until later this year. The Bundesbank left its floor discount rate unchanged at a historic low of 2.50
      Bloomberg  -  291 words
    • 278 7 LONDON AFP STRENGTH of the pound and the South-east Asian turmoil knocked the British trade deficit with countries outside the European Union to record levels last month, official figures showed yesterday. And economists warned the outlook for trade remained bleak. The trade gap
      AFP  -  278 words
  • Page 7 Advertisements
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      484 words

  • EDITORIAL & OPINION
    • 736 8  -  THB BOTTOMLDTB OPINION By Shada Islam The writer is a Brussels-based journalist who contributes to BT Mosrr of the time, there is no denying it: when it comes to relations with Asia, if s the United States, not the European Union
      736 words
    • 152 8 In 1997, by the time it was generally acknowledged that this was a problem, it was too late. And then in '98, you would think that people would have learned and be ready, but in 1998, there were a lot of fires in Kalimantan.' Timothy Jessup senior
      152 words
    • 662 8 EDITORIAL INDONESIA'S fourth accord with the International Monetary Fund for the country's US$43 billion (Ss7l billion) bailout shows how rapidly the country's economy has collapsed. The latest accord turns on the assumption that the rupiah will strengthen to 10,000 per US dollar by the end
      662 words
    • 839 8  -  Markets lack mwinff to bet against the Chinese currency because it isn't freely convertible By\ Peter Passell NYT BRIEFING reporters before US President Bill Clinton's arrival in China, US Treasury Secretary Robert Rubin explained that the Chinese economy was "an island of stability" the
      NYT; FILE PHOTO  -  839 words
    • 810 8 Did Abri organise trouble? INDONESIA'S Armed Forces (Abri) seems to need time to consolidate Itself before it carries out thorough investigations into the three dramatic national tragedies which occurred recently. These are the shootings of the Trisakti University students, the disappearances of political activists and widespread
      810 words
  • Page 8 Miscellaneous
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  • Page 9 Miscellaneous
    • 755 9 TV&RADIO Plrariare 12 lowed by Showbuzz. 10.00 News In Mandarin. 2.00 NewssToday Followed 1030 Focus. MO AM World Cup 98: Ger- by Flipper. 11.00 Singapore At Work. an v l 3.00 News 5 Today Followed 1130 Speak Easy. 11.00 World Cup 98: United by Afternoon at the 12.00 MN Midnight
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    • 168 9 CRYPTIC CROSSWORD 10 One leaves historic ruins, yet 11 Weapon carried by tube (7) 17 Anchorite engineers tricky sence (7) B—W 29 Most recent history of wideeyed satyr (9) DOWN 13 Stone Ag e artefact used in ho- YEEOTZRDAY'S SOLUTION Tel management (7) i*ig|g»u*iWAigi*» uuauu* [flf H|l)i 3 Clear up
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  • EXECUTIVE LIFESTYLE
    • 565 10 WORLD COP 98 The Dutch pay for easing off in the second half after a flying start Reuters, AFP A LAST-GASP goal from "El Matador" Luis Hernandez helped Mexico claw back to a 2-2 draw against the Netherlands at St Etienne yesterday to make sure
      Reuters,; AFP; REUTERS  -  565 words
    • 330 10 Reuters [PARIS] South Korea, already out of the World Cup, took a stumbling Belgium with them yesterday after a 1-1 draw at the Pare des Princes that went from a tedious affair to a nail-biting finish. PSV Eindhoven striker Luc Nilis had put the
      Reuters  -  330 words
    • 821 10  -  Referees have shown bad judgement, little vision and narrow mindedness By\ Susan Tsang [SINGAPORE] The 16th World Cup has brought 32 of the best teams in the world together. If only the quality of the teams was matched by that of the referees. So far, most
      821 words
    • 361 10  -  World Cup viewing guide By Shahiron Sahari *Th> onti to witch Argentina vs Croatia (Grp H, 9.30pm) Japan vs Jamaica (Grp H, 9.50pm, TV3) Colombia vs England (Grp G, 2.30 am, Sat) In-form Argentina needs only a draw to win its group. Japan vs Jamaica is a
      361 words
    • 843 10  -  FILMS Gone With The Wind which opens today in US cost more than USslom to restore By] Bernard Weinraub NYT [HOLLYWOOD] Gone With The Wind has been released in theatres eight times since 1939, has been shown numerous times on television and
      NYT; FILE PHOTO  -  843 words
    • 425 10 PERSONALITIES Reuters [LOS ANGELES] Bruce Willis and Demi Moore, one of Hollywood's highest profile couples, said on Wednesday they were splitting up after 11 years of marriage. Spokesmen for the couple declined to give a reason for the split or say whether
      Reuters; FILE PHOTO  -  425 words

  • COMPANIES & MARKETS
    • 469 11  -  By Jennifer Lien [SINGAPORE] Nat Steel Electronics Ltd (NEL) is poised to buy production assets as part of its plan to grow at the same rate as the global contract manufacturing industry. BT understands that NEL is negotiating with a major US multinational. Banking sources
      FILE PHOTO  -  469 words
    • 187 11  -  Byi Carol Eng [SINGAPORE] Permasteelisa Pacific is close to completing its largest internal wall cladding project, at Hongkong's Chek Lap Kok Airport, and is hoping to grow the business in the region. Executive director Wayne Barclay yesterday said: "Although Permasteelisa is wellknown
      187 words
    • 304 11  -  By] Lee Han Shih [SINGAPORE A former Singapore banker is staging a reverse takeover of a small Aus-tralian-listed company, Australian Technology Corporation (ATC). Hemlock Capital Group said the exercise is led by its managing director Tan Cheng Leong and involves two others Leong
      304 words
    • 774 11  -  HOCK LOCK SIEW Conrad Raj Numerous calls have been made for Singapore finance companies to merge or face the consequences of the liberalisation of the finance sector. In fact the Monetary Authority of Singapore has recently told a news agency that
      774 words
    • 433 11  -  Heavy provisioning of $33.4 m; sharp fall in sales in 2nd half By! Siow Li Sen [SINGAPORE! Heavy provisions of $33 million slashed Kim Eng Holdings' profit by 79 per cent, and the broking firm could have been in the red if
      433 words
    • 189 11 [SINGAPORE] Sesdaq-listed Advanced Systems Automation (ASA) yesterday posted a small gain in profit to $12 million for the year ended March 31,1998. Group turnover of the semiconductor packaging firm grew by 21 per cent to $107.3 million, helped by the sales of new products
      189 words
    • REGIONAL COMPANIES
      • 615 12  -  But Japanese retailer says it will expand in S'pore, Australia Front Loh Hui Yin m Hongkong JAPANESE retailer Daimaru is closing its two stores here, deepening the gloom in Hongkong's retail industry. Apart from Hongkong, Daimaru is also closing stores in
        615 words
      • 443 12 AFP [TOKYO] Tokyo's troubled Long-Term Credit Bank of Japan Ltd (LTCB) admitted yesterday it was looking for a merger partner as it outlined a drastic restructuring plan, shareholders said. The bank's president Katsunobu Ohnogi told a tense annual shareholders meeting that a
        AFP  -  443 words
      • 225 12 SC says it has to date approved only one application Bernama {KUALA LUMPUR] Malaysia's Securities Commission (SC) has agreed to an extension of the exercise period for warrants of Apex Equity Holdings Bhd, it was announced here yesterday. The SC said in a
        Bernama  -  225 words
      • 262 12  -  Byi Carol Eng [SINGAPORE] Hotel management company Hilton International (HI) will aggressively expand its portfolio by over 20 per cent by the end of the year 2000 to operate more than 200 hotels worldwide. This will bring its worldwide coverage to
        262 words
      • 316 12 Plantations seen cushioning slowdown in building sector AFX-Asia [KUALA LUMPUR] Kumpulan Guthrie Bhd aims to maintain 1996 earnings at levels seen in the past two years, with an increased contribution from its plantation sector partly offsetting the effects of the slowing economy
        AFX-Asia  -  316 words
      • 133 12 Reuters [KUALA LUMPURJ Malaysian car distributor Tan Chong Motor Holdings Bhd said its subsidiary Tan Chong International Ltd (TCIL) has been given approval by the Stock Exchange of Hongkong to list its shares on its bourse. Tan Chong received approval to list TCIL's
        Reuters  -  133 words
      • 164 12 Bloomberg [BANGKOK] Telecom Asia Corp pel said its long-delayed US$5OO million (*****.5 million) wireless phone venture is to start commercial operations on July 15 when 100,000 free-trial subscribers will have to start paying. The personal communication telephone system (PCT) of Thailand's largest private phone
        Bloomberg  -  164 words
      • 78 12 AFX-Asia [KUALA LUMPURJ United Engineers Malaysia Bhd unit UEM Mara Philippines Corp has been ordered by the Philippines' Regional Trial Court to cease toll collection on the Manila-Ca-vite toll expressway until further notice. United Engineers said in a statement to the
        AFX-Asia  -  78 words
      • COMPANY Briefs
        • 102 12 Bloomberg [KUALA LUMPUR] Malaysia's Repco Holdings Bhd said it plans to sell its Everise Ventures Sdn Bhd lotteries subsidiary to Uniphoenix Corporation Bhd for 500 million Malaysian ringgit (*****.5 million) in stock. Uniphoenix will pay Repoo by issuing 500 million new Uniphoenix shares,
          Bloomberg  -  102 words
        • 20 12 [SINGAPORE] Singapore Reinsurance Corp said John Scott Davidson resigned from its board on May 28.
          20 words
        • 51 12 Referring to BTs report yesterday headlined "SG fond offers fixed returns", SG Asset Management has clarified that the Asia Pacific Opportunistic Fund does not give fixed returns. Rather, it aims to give investors a target return, unlike most open-ended unit trusts whoae returns are benchmarked against an
          51 words
    • INTERNATIONAL COMPANIES
      • 433 13 Computer equipment maker posts 52% rise in profit, topping expectations Reuters [NEW YORK] Computer network equipment maker 3Com Corp reported fiscal fourthquarter earnings rose 52 per cent, edging ahead of expectations, and executives declared the quarter a "turning point" after
        Reuters  -  433 words
      • 181 13 Bloomberg [LONDON) General Electric Co Pic, the UK's second-larg-est defence contractor, completed its US$l.4 billion (552.3 billion) acquisition of Tracor Inc as it builds its global de-fence-electronics businesses. GEC paid US$4O in cash per common share for Austin, Texas-based Tracor and assumed U*****.1
        Bloomberg  -  181 words
      • 266 13 US dmgmaker to sell itshalf of DuPont Merck for USs2.6b Bloomberg [BRUSSELS] Merck Co, the largest US drugmaker, has won the approval of European Union regulators to sell its half of a pharmaceutical joint venture to DuPont Co, the largest US
        Bloomberg  -  266 words
      • 299 13 Bloomberg [WASHINGTON] The US Justice Department is considering whether to appeal against a ruling that allows Microsoft Corp to require computer makers to install Windows 95 with the Internet Explorer Web browser, the agency's anti-trust chief said. "We are considering all our
        Bloomberg; REUTERS  -  299 words
      • 254 13 US regulators yet to approve USs69b deal, the biggest ever Bloomberg [BRUSSELS] Citicorp and Travelers Group Inc's US$69 billion (*****.2 billion) merger was approved by European Union antitrust regulators, removing one regulatory hurdle to the largest merger in history. The European Commission, the executive
        Bloomberg  -  254 words
    • FINANCE & COMMODITIES
      • 441 14 Fee income driving earnings while mergers allow banks to cnt costs Bloomberg [NEW YORK] US bank earnings, already at record levels, are expected to rise about 12 per cent in the second quarter, led by growth in fees from corporate finance
        Bloomberg  -  441 words
      • 274 14 Advisory fees for USs4Bb merger could top USs7sm Bloomberg [NEW YORK] Goldman, Sachs Co and Credit Suisse First Boston (CSFB) have benefited more than any firms on Wall Street from AT&T Corp's new management team, led by AT&T chairman and chief executive Michael
        Bloomberg  -  274 words
      • 261 14 [SINGAPORE] The Asian financial turmoil will lead to reduced insurance premiums afid incomes, more fraudulent claims and lower standards of risk management in this region, says Scor Asia Pacific in its 1997 annual report. The Singapore-based regional headquarters of French reinsurer Scor adds that with
        261 words
      • 315 14 Bloomberg [SAN FRANCISCO] Wells Fargo Co customers are suing the bank, America's 10th largest, over what they claim is its refusal to honour past promises of lifetime cheque book accounts without fees. Three customers sued the San Francisco-based bank this week in
        Bloomberg  -  315 words
      • 232 14 SIIWHX Hep art Reuters (SINGAPORE] Simex Japanese government bond (JGB) futures eased on a lacklustre Thursday as players kept a doleful outlook on the market while the Nikkei maintained a firm footing. "People are not exactly rushing into the bond market because the Nikkei
        Reuters  -  232 words
      • 177 14  -  MSCI TAIWAN FUTURES Cecilia Loh Cecilia Loh, service dealer, Refco Singapore (SINGAPORE) The Simex MSCI Taiwan Index futures rebounded 5.10 points as the stock index rallied up 51.93 points. Technology stocks led the gains on expectations that the government might loosen credit to boost the
        177 words
      • 257 14 ENERGY REPORT Reuters [LONDON] Sputtering global oil markets failed yesterday to respond positively to Opec's jump-start effort and fell despite the cartel's pledge to cut world supplies by a hefty 2.6 million barrels per day. International benchmark Brent reacted coolly to the Opec
        Reuters  -  257 words
      • 286 14 Reuters, AFP London A BIG revision to first-quar-ter US growth data did little to enthuse the US dollar which traded in a tight range around the 141 level against the yen during the European session. The US currency was unable to make much headway but was supported by
        Reuters,; AFP  -  286 words
      • Article, Illustration
        1220 14 DfTBEBAMKCEOMKATI J*n26 O ECU Fir fti yimhl Tw H HI MZSUfcto Ftw S$ tmi Sir MT$ Baht Pvmt WS> Australia 0.887 6.178 0341 3.634 1.085 4683 2S.729t9.4M 0.852 8.312 2.401 1.176 26.889 25.093 1002 3.300 *****0438 ***** 0J62 0405 Canada 1128 5.660 0.618 4.100 1223 52(0 29.0fl100.90 0.980 9.373 2.707
        1,220 words
    • 1670 15 S1C0M FUTURES Junto RUBBER (M«r*s dosing it 5J0*m) ISS1 CONTRACTU wohAg) ClOM iohim Opon Month High Low Sott (toanos) latorost Jul 98 114.00 114.00 114.50 50 500 Aug 98 ***** 114.75 115.50 475 340 Sop 98 116.75 400 Oct/Doc 98 119.50 4650 JWMar 99 124.50 1575 Apr/Jun 99
      1,670 words
    • 2278 15 Mnstrtafe JmlS Nn *h 31 Group 616.000 -6.000 AB Ports 345.000 -3.000 Abfcay National 1059.000 20.500 AHiad Oomacq 564.000 16.000 Amac 179.000 -1.000 Aid* Croup 204.400 6.400 BAT Ind 596.400 16.400 BG Pk 338.000 -3.000 BtCC 139.000 -3.000 BOC Croup 815.400 11.400 BR Patroiaum 873.400 -11.000 BTR
      2,278 words
    • 1616 15 Bloomberg n Nikkei 225 *04 JAPANESE stocks rose for a second day, as gains by the US dollar and US technology shares bolstered expectations that electronics manufacturers and other exporters will increase profits. "Wall Street is giving the market a psychological boost," said Yoshimasa Yasuda, a fund manager at
      Bloomberg  -  1,616 words
    • Article, Illustration
      1510 16 Reuters, AFP rrlfamaScag +380.06 STOCKS rallied to a sharply higher close yesterday, fuelled by futures-related buying as property and banking stocks appeared to have found a support after government measures to lift the economy. The Hang Seng Index jumped 369.06 points to close at 8,665.83, off a high of
      Reuters,; AFP  -  1,510 words
    • Article, Illustration
      620 16 Reuters C 3 Shenzhen B Index -LB4 SHENZHEN'S hard currency B Share Index closed sharply lower yesterday, driven down by jitters about the outlook for the Japanese yen. analysts said. The B Index slid 1.84 points to 82.99 on turnover of HK$9 million. "The B shares fell because of
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  620 words
    • 359 16 AFP QWP Index +5183 TAIWAN share prices closed higher yesterday as investors awaited a central bank board meeting to decide on an adjustment of bank reserve requirements, dealeres said. The Weighted Price Index rose 51.93 points to 7,722.64. "The market was dominated by a wait-and-see attitude before the central
      AFP  -  359 words
    • 253 16 AFP kl Wellington -10.18 THE New Zealand shares fell 0.5 per cent yesterday on worse than expected trade data. "It's taking a local focus at the moment," Peter Stokes of JB Were and Son said. The NZSE-40 Capital Index was down 10.18 points to 1,960. Turnover was worth NZ5135.4
      AFP  -  253 words
    • Article, Illustration
      785 16 AFP Q SET Index -3.65 THAI share prices fell yesterday amid fears over the future of cash-strapped companies here and the absence of positive regional news. Analysts said regional worries were affecting investor sentiment, but that they were mainly concerned about local companies feeling the pinch from tight liquidity
      AFP  -  785 words
    • 414 16 AFP CI Composite Index -L15 SOUTH Korea's share prices closed yesterday lower on the yen's weakness, with the index temporarily falling below the 300-point level, dealers said. The Composite Index closed down 1.15 points at 300.57, off a low of 294.93. Volume was 61.8 million shares worth 294.3 billion
      AFP  -  414 words
    • 584 16 AFP nAH Ordinaries -OiS AUSTRALIAN share prices clawed back early losses to finish marginally lower yesterday on the back of strong gains for News Corp and Telstra, brokers said. The All Ordinaries Index fell 0.8 point to 2,592. Turnover totalled 411.56 million shares worth A 51.54 billion. The All
      AFP  -  584 words
    • Article, Illustration
      717 16 AFP □Compositelndex -115 SHARES closed lower in line with regional market weakness, with the announcement of an IMF deal with Indonesia making little impact on sentiment, dealers said. "The market is not reacting too much to the IMF news but is sliding more because of the weakening yen," a
      AFP  -  717 words
    • 294 16 AFP Q Manila -3£5 PHILIPPINE share prices closed 0.2 per cent lower yesterday due to the continuing weakness of regional currencies, brokers said. The Philippine Stock Exchange Index shed 3.85 points to 1,709.03. Turnover fell to 214 million shares worth 708 million pesos. Philippine Long Distance Telephone Co fell
      AFP  -  294 words
    • KUALA LUMPUR STOCK MARKET
      • 394 17 AFP Q Composite Index -6.95 MALAYSIAN shares ended lower in modest trade yesterday due to selling of index-linked stocks by foreigners, dealers said. Foreign investors were confused by the appointment of former finance minister Daim Zainuddin on Wednesday as "special functions" minister with responsibility
        AFP  -  394 words
      • 8333 17 INDUSTRIALS 1998 LMt Vol Day Nat Cap HM» Ca» 8ala '000 H>» llW p/l t"H 310 180 Ajinomoto 218 12.0 88.4 148 60 Angkasa 60 -2 19 60 60 14 88.5 290 123 Apollo Food Hlg 140 4.J 56.0 388 190 BerjayaLand 225 -10 129 230 218 13.0 '559.7 374
        8,333 words
    • WARRANTS & OPTIONS
      • 192 18  -  WARRANT WATCH Louis Beckerling THE warrants of Malaysian banking group RHB Capital were once again in demand yesterday and among the day's top volume trades, with 1.2 million done. Well out of the money at a strike price of 5.40 Malaysian ringgit compared to
        192 words
      • 3316 18 BONOS, LOANS ft WARRANTS m im Lut vol Day La*« <*■«• HK|h Low StM Company Sal* *ar- COOO) High Low Buyor Sailor Prtca 2X5 9 m 3000 ~mAMOB C5.5H*****6 10 10 20.5 5 3160 A Acar ******1 US$ 7 95 8.5 3164 Acma ******4 10 unch 13 10 K) 10
        3,316 words
    • 2332 18 Transaction date Jun 25 MALAYSIAN STOCKS J$ •<> T Gr Of 1996 Laat Vat Day Last Ouata Dk Oh W M MCap m» Law Stwo Cimpmy tata rOOO) High Law Buyar Sa4ar Cvr P/t S»« 135 28 mi 5000 AIS6 5QC 46 i*<Ch 5 49 48 48 49
      2,332 words
    • 6439 19 Transaction date Jun 25 Or Gr M W 1998 Last V« 0«v Last Ouott Mv Wv Vld Nat Cap «M NM> i— ClWM«y hh *h POOOt Law 8wyar Mlf Cw W >»■ Ww MMSTRMLS 43 13 1020 ACE 0ynamics20c_. 133 *0.5 47 14 13
      6,439 words
    • 1172 19 <**■ LMt VM Day LMtOwti D<v Dlt VM IM Cap A™ L— «1» C—HT Mi *h room W» Urn Bwyr «a*ar On P/I SmI Prk( 134 79 a 2000 ABRHMqsSc SO H 63 80 79 80 93 39 0 M 243 65 2049 ASAutotOc 68.5 -L5 >066 70 66.5
      1,172 words
    • STOCK EXCHANGE OF SINGAPORE
      • 214 20 Stacks Volume Easyknit HKtOc 8.512,000 Hotel PropLn98 4.971,000 DBS Land 4.679.000 SingTel 15c 3,858,000 OCBC Foreiqn 3,201,000 SPH 3,046,000 DairyF US5c 2,964,000 Keppel Land50c 2,836,000 DBS Foreign 2.730,000 STEngglOc 2,712,000 Stocks 5 SPH 36.223.757 OBS Foreign 26,009,036 OCBC Foreign 17,243,967 SIA Foreign 12,565,400 City Oev 50c 11.132.961 (JOB Foreign 10,975,642
        214 words
      • 677 20  -  STOCK MARKET COMMENTARY Banks slide but property stocks gain; focus turns to Clinton's China visit as threat of yuan devaluation lingers By Wong Wei Kong SHARES were mixed yesterday but the benchmark index closed lower for the fourth consecutive session.
        677 words
      • Article, Illustration
        69 20  -  -by Shiv Taneja CLOB counter Tan Chong Holdings closed half a cent lower yesterday at 30 cents on a volume of 757,000 shares, compared with its 10-day traded average of 593,600 shares The daily and weekly RSI and Stochastics are heavily oversold, and the outlook for the medium
        69 words
      • ON THE GRAPEVINE
        • 142 20 ON June 16 both Keppel Bank and Tat bee Bank issued circulars on their proposed merger. It is interesting to note the Tat Lee's circular, at 158 pages, is about three times as thick as Keppel's. Now what could Tat Lee be telling its shareholders that
          142 words
        • 157 20 WHEN the going gets rough, the tough, er, read a book. Well, at least they should think about reading this one. Over breakfast yesterday, Price Waterhouse Consulting launched their distillation of business gems from 33 of the world's top CEOS. Straight from the CEO brings
          157 words
        • 62 20 BUSTS often create booms. According to a business consultant who was in Jakarta recently, the two most active units of Indonesian banks are those handling private banking and treasury business. "In fact, private banking is booming there as in countries like Thailand." Hardly surprising, considering the number
          62 words
        • 82 20 IN the movie Godzilla, a Lexus RX3OO all-terrain vehicle enjoyed about two seconds of fame. No, it didn't become lizard lunch. Just that it had such an inconsequential cameo appearance that if Toyota Motor had in mind an ad placement contract, the snippet couldn't have been it. Especially
          82 words
        • 101 20 YOU know the Rolling Stones are really getting old when they recently pushed back concerts in Britain—on the advice of their accountants. A snippet in a recent issue of Time magazine said this was to avoid paying higher taxes, with the tour now scheduled in
          101 words
  • Page 11 Advertisements
    • 36 11 ■fc B ■l :i >- v ir^^^F*vjtfHHkßMMfll^^^B nWT m '^■P^ vv* HUGO mf/ 1 iwj^Mf Jg Jm Jmtw m SALE a IS K i W j-m DISCOUNTS UP TO 50% I fl jm ISETAN LEVEL ORCHARD *****85
      36 words

  • Page 12 Advertisements
    • 881 12 CREDIT FIRST SUISSE BOSTON BALANCE SHEET AT 31 DECEMBER 1997 PROFIT AND LOSS ACCOUNT 1997 ASSETS rjf 97 J?® 6 1997 1996' CMFw CHFm INCOME AND EXPEWDfTURE FROM ORDINARY BANKING BUSINESS CHF m CHF m 1 777 1 726 Resutts from interest business Money market claims 15 297 12 858
      881 words

  • Page 13 Advertisements
    • 23 13 THE WORLD S LEADING OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS BAHAMAS JERSEY BRITISH VIRGIN ISLANDS MAURITIUS CAYMAN ISLANDS SEYCHELLES IRELAND WESTERN SAMOA www.ocra.com
      23 words
    • 806 13 m Moscow Narodny Bank limited INCORPORATED IN THE CITY OF LONDON SINCE 1919 Head Office Registered Office 81 King William Street, London, ECAP 4JS. Singapore Branch 50 Robinson Road, MNB Building. Singapore *****2. Mosnarbank Limited Building s,lst Troitsky Pereulok 12, Moscow *****0, Russia. Representative Offices Moscow Building I,lst Kadashevsky Pereulok
      806 words

  • Page 14 Advertisements
    • 69 14 IsOorfcf Gup Wines from country playing each night 10% off. Other wines 5% off. Call for further details reservations. We Are Mere s (InsHk R.rfwrtv* Walk, 1/~ ■t>llf< H <= Catch the World Cup games "Livc"on -.li." uesquare projection screen and dD TVs nightly. (s&ai&abna II Unity Street #01-30/31 Robertson
      69 words
    • 13 14 The Straits Times Classified Where buyers < Flr»d a used Um tUre at CATS.
      13 words


  • Page 16 Advertisements



  • Page 19 Advertisements
    • 99 19 f j i i I found my pet through your advertisement in great...lust like 0 .J.. T r I I tu c- T- r- j 1 l II The Straits Times Classified. I J Ihe btraits Times Classified... I V the ad V M „.n i .i j y I
      99 words

  • Page 20 Advertisements
    • 827 20 BUSINESS Notices To adw i lise call 1011-free ISOO-741 ISS3 XTventure PAYMENT OF INTEREST ON $27,200,000 PRINCIPAL AMOUNT 2.5 PER CENT UNSECURED CONVERTIBLE LOAN STOCK DUE 1999 ("LOAN STOCK") Notice of Closure of Books Pursuant to the terms of issue of the Loan Stock, interest on the Loan Stock at
      827 words
    • 266 20 THE COMPANIES ACT, CHAPTER 50 PBI SERVICES (1997) PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the Company held at 3918 Orchard Road Tower B #15-09 Ngee Ann City Singapore *****4 on 24 June 1998 the following special resolutions were passed: I)that the Company be wound up
      266 words
    • 557 20 THE STRAITS TIMES CLASSIFIED I YOUR GUIDE TO MORE PRODUCTS SERVICES JgJ I THE COMPANIES ACT CHAPTER 50 1 SECTION 290(2Kb) Nonet Of wMoumoN NOnCONTftOL PTC LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of Norcontrol Pte Ltd held at 6 Battery Road. *32-00. Singapore *****9 on the
      557 words
    • 629 20 IN THE MATTER OF THE COMPANIES ACT, CAP.» AND IN THE MATTER OF DIAMOND OFFSHORE (SOUTH EAST ASIA) PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS |Pursuant to Scction 29(X2Kb)] At an hutraordinary General Meeting of the Company held at M> Robinson Road #18-01. City House Singapore *****7 on
      629 words

  • SHIPPING TIMES
    • 327 21 Bridge News, Reuters LOWER rates are being talked for July cargoes on the US Gulf to Japan run. Mitsubishi is said to be bidding US$l3.OO against tonnage at U5513.50 for its Panamax grain cargo for any July shipment. Fixtures TANKERS: VLCC rates for Persian Gulf loaders appeared to
      Bridge News,; Reuters  -  327 words
    • 269 21 set ><• tma »t w CWT PUtttmiBfl _OAZ *001 4 ChuanHu* 0.37 *0.009 49 Coxo fovastmant 0.535 unci) 24 Frattrt links 0199 Ctllcidinqs 0.20 unch M Hat Sun Hup 0.399 unch 56 Hitachi Zosan &56 unch 42 IMCHPMrqs HK 5.60 JayaHaMngt 0.389 *0.005 Jurong Shipyard -0.10 232 KappaiCarp
      269 words
    • 447 21  -  75% of 1,968-tanker fleet also have Safety Management Certificates By Marcus Hand [SINGAPORE] All of the full members of the International Association of Independent Tanker Owners (Intertanko) have achieved International Safety Management (Code) compliance. Intertanko says that all 274 tanker companies that are
      FILE PHOTO  -  447 words
    • 396 21  -  By Felix Chan [SINGAPORE] Asia's largest cruise operator Star Cruises has obtained ISM certification for its fleet ahead of the July 1 deadline. Star Cruise's fleet of eight ships has obtained the Safety Management Certificate (SMC) as well as the Document of Compliance
      FILE PHOTO  -  396 words
    • 733 21  -  ADMIRALTY CASEBOOK By\ Selva Kumar TWO grounding incidents in Australian waters involving Singapore-regis-tered vessels were mainly due to a lack of proper passage planning by both the pilot and the vessel's master and officers, an investigation has found. In
      733 words
    • 412 21 Reuters, Bloomberg [SYDNEY] Unionists and a major Australian stevedore firm both claimed victory yesterday after signing a peace deal to end a bitter waterfront dispute that began with dock workers evicted by hooded security guards with dogs. The corporate parent of Patrick
      Reuters,; Bloomberg  -  412 words
    • 177 21 [SINGAPORE] Japan s Imbari Shipbuilding Co will begin the construction of a new 10 billion yen (SJII7 million) dock at its Saijo yard in Ehime Prefecture later this month. The yard, which will begin operations in November 2000, is the largest built by a Japanese shipbuilder
      177 words
    • 724 22  -  HONGKONG'S MEW AIRPORT Chek Lap Kok airport is built on reclaimed land and linked to the city by world's longest suspension bridge By. Paul Harrington AFP AS big as London's Heathrow, built on reclaimed land and linked to the city centre by the longest road
      AFP  -  724 words
    • 367 22 PAGE Ethiopian 6 ACL 9 Ewgreen 6 AML 3 Express T L M Accord 8 Farwide M Ahrenkiei M f«>ngSun 8 Appenstop 5 Frotj '5 Asia OCL 15 Frt Links 16 it Astro 3 GL Austral 9 Gemartrans 8 Avant 16 C«rtpg 9
      367 words
    • 17916 30 thebusinesstimes THEBUSINESSTIMES EXPORT ETA ETA Advartisar Vns« Voyaga TalapHona ETA ETA Advartisar V«Ml Voyaga Talaphona SIN Dast n Nam. Nama Numbar Numoar SIN Dasfn Nama Nam* NumOar Number N/0* 22/07 Cho y*nq HJ TOKYO 013* *5 *****12 A 30/0* 22/07 Han|in MJ TOKYO 033W *5-32(0235 30/0* 23/07 DSEN
      17,916 words
    • SHIPS IN PORT
      • 770 37 ¥***♦1 Voy No Berth Arrival Departure *rtttl OCMP *05 'JM MufMt 25.06/2300 tt *fW| Sm oiom J01 *o"9V« 25 04/1600 L?*' 0 O* 6 JOt MOAfuM 25.06/2230 fhtarti UUUW JOI MflM* 25.06/2359 «M«*» *****6 JOI MooqsMk 26 06/0600 tt Mm JUH25 J01 llll|lili 26.06/0600 -for- *****6 JOI 2106/0200
        770 words
      • 1527 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booting/BaUncc Rstls Ship Voy Wo Etb/Btr Ported From To from Ack J44. 23M 26/0*00 W 25/1500 25/85* 25/800 zs/tsoo 25/85* 25/800 U 25/1700 26/0659 26/0*00 21 25/T700 26/0659 26/0900 1 26/0700 26/18* 26/MOO 4 26/1200 26/M59 26/1700 AfTcmraM 025 27/0300
        1,527 words
      • 171 37 Jan 30 Brunei: Half Year Bank Closing. ML Canada: Canada Day. Hong Kong: SAR Establishment Day. Ml Hong Kong: SAR Establishment Holiday. United States: Independence Holiday. Jnl 7 Brunei: Maulud. Indonesia: Mouloud Prophet's Birthday. Malaysia: Birthday of Prophet Mohammed. Jul a. Thailand: Asanha Bucha. JnllO Thailand: Khao Phansa
        171 words
      • 923 37 TTUS report, compiled by Cockett Marine Oil Lad. shows price ranges in US dollars instead erf single prices far a more comprehensive description of the market. Prices shown are baaed on average stxed stem Market movements are Indicated The Cockett Bunker Price Index change and the
        923 words
      • 456 37 Corton MO Ma 994.5 LO IT J 0.09 <4 0.05 JmM OmsKt MMor BmMm Uk AJmMmo titelH N>*owE2S 5 0 W 0 I 0 300 AW MM 0.2 16.7 0.06 31 Oil] [n. 300 Mm 99U 0.9 193 03 51 0.09 n») »»A »M> %Ml mm*
        456 words
    • AIR & LAND TRANSPORT NEWS
      • 375 38 Philippine carrier also trying to cancel delivery of nine planes dne this year Reuters [MANILA] Beleaguered Philippine Airlines Inc (PAL) said yesterday it is having trouble finding buyers for 13 planes it is trying to sell to raise desperately needed
        Reuters; REUTERS  -  375 words
      • 42 38 [MOSCOW] Boeing 737-400 aircraft arrives from Seattle at Sheremetyevo airport outside Moscow. Russian flagship carrier Aeroflot took delivery of its first leased Boeing 777-200 jet on Wednesday for operating on its Moscow-New York and Moscow-London scheduled flights. REUTERS
        REUTERS  -  42 words
      • 207 38 Bloomberg [FORT WORTH, Texas] AMR Corp's American Airlines and other major carriers reported minor flight delays on Wednesday morning after a power failure darkened Sabre, the world's largest airline computer reservation system. The three-hour outage to the system, run by
        Bloomberg  -  207 words
      • 292 38 Financial Times [LONDON] Amadeus, the computerised reservation system owned by Air France, Lufthansa of Germany and Iberia of Spain, is in advanced negotiations about merging with a US rival in a move that would create the world's largest travel booking network. Worldspan,
        Financial Times  -  292 words
      • 201 38 Bloomberg [NEW YORK] General Motors Corp's advertising spending rose 30 per cent to US$2.2 billion (553.6 billion) last year, as the world's biggest carmaker rolled out 14 new vehicle models in North America, according to Competitive Media Reporting's annual report. It was GM's
        Bloomberg  -  201 words
      • 269 38 Ford's bid to acquire carmaker sparks takeover battle with other Korean firms AFP [SEOUL] US car giant Ford Motor Co undertook yesterday a final survey of Kia Motors Corp facilities amid a government push to restructure South Korea's troubled auto industry, officials said.
        AFP  -  269 words
      • 265 38 Reuters [NEW YORK] Boeing Co will recruit from outside the company for some senior positions as it continues to overcome production problems that have cost it nearly US$3 billion (514.95 billion) since the fall, chairman Philip Condit said. "I think you will
        Reuters  -  265 words
      • 157 38 AFP [BONN] German car maker BMW, which had Rolls-Royce swiped from under its nose by rival VW, is nevertheless planning to enter the luxury car market with two new models, German business weekly Wirtschaftswoche said in a report. BMW's chairman Bernd Pischetsrieder is
        AFP  -  157 words
      • LOG Book
        • 77 38 Bloomberg [HONGKONG] Hongkong's international airport said that from Sept 1 the territory's departure tax will be added to ticket prices instead of paid separately at check-in. The airport Is also halving the tax to HKS6O (5510.70) when a new airport opens at Chek
          Bloomberg  -  77 words
        • 75 38 Reuters [SYDNEY] Qantas Airways Ltd said yesterday it will introduce Boeing 747 services on key routes as part of its new domestic schedules from June 27. The airline would use the larver aircraft between Sydney and Cairns and Sydney and Perth during periods of peak demand. Qantas
          Reuters  -  75 words
        • 100 38 AFX-Asia [HONGKONG] Jet Air International Group Ltd said It has signed a non-binding letter of intent with China National Aviation Corp or CNAC to take a 34.5 per cent stake in the company by subscribing to an issue of new shares.
          AFX-Asia  -  100 words
        • 85 38 AFP jPUBAI] Oman Air has become the third Gulf carrier to ban smoking on regional flights. A spokesman for the airline said the ban took effect this month on flights within the Gulf as well as on domestic routes, but not longer-haul destinations. Gulf
          AFP  -  85 words
      • 1705 38 CITY FU6HT n FU6HT no AtfaiaMt $0230 1910 MwHC _2 CZ3098 1010 ImstmUm ****** 0755 KL844 0040 SO327 0755 6*974 2255 1 W7«_J4» BCT 1455 KL838 2300 MVM T6407 840 T6408 *35 Auckland N***** 2050 W4285 2045 mm 000 m so2«t 2050 sons 2045 mm *m
        1,705 words
  • Page 21 Advertisements
    • 29 21 HE'S new airport Qying into the record books Chek Lap Kok airport is buiit on reclaimed land and linked to the city by world's longest suspension bridge. Page 2
      29 words
    • 124 21 No buyers yet for jets PAL is trying to sell Philippine carrier also trying to cancel delivery of nine planes due this year. Back Page Advertising in Turbulent Times Are you getting the react! as promised? shippin6times 6 j AßANTE ES '48,000 daily circulation! In Singapore, when you want to
      124 words

  • Page 22 Advertisements
    • 1074 22 I NORTH AMERICA I EXPORT I I OTHER DESTINATIONS I BSX SUPERSHUTTLE EXPRESB DIRECT TO LA [DWCCT SERVICE TO WEST COAST SOUTH AMEWCA/ASIA ANDES EXPRESS SERVICE (W) *or rasi mtan icq an mom ok ht ■cocoon vnsa vor mi mmoaiio Immvbitmu [cauao oq Imumii lahtooacasta Ivaipaoaiso oockmm MBit 34/0* 24/04
      1,074 words
    • 90 22 SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN PORTS Kong Kooq A All China Port* lEVEHY THIW A SUN VESSEL! VESSEL VOY tTP SIN ETA TYO ETA KOt ETA YOK ETA HGO ETAOSA MONTE ROSA V
      90 words
    • 695 22 A Members of the l-®S® Memt,e,s 01 <* Singapore Freight Forvwrders Accredited Shipp»ng Agents. Association x°»n Singapore Shipping Association NORTH WEST EXPRESS LINE ACCEPTING CONTAINERS, BREAKBUIX PROJECT CARGO TO DAMPIER/FREMANTIi (MONTHLY SBtVKI) MV "ARKTIS TBN" ETA SIN 10/07/98 BOOKINGS CALL JUUA/MONKA TEL 323 4374 EXPORT 3 X Japan -2 x
      695 words

  • Page 23 Advertisements
    • 1032 23 TO EUROPE FROM EUROPE Ivnsa VOY SM RTM ANR HAM 0«V SOU FIT UM~I IvtSSa VOY RT» ANR HAM MtV SOU ICT UH S»T MXPfARI 003W 21/06 16/07 l«/ 07 21/07 IS/07 NOIAGAH 006* 05/0* 01/0* 03/0* 27/06 DAMUK S3IW 02/07 25/07 22/07 23/07 20/07 NOICORAI 0011 07/06 01/0* 12/06
      1,032 words
    • 2505 23 I HANJIN SHIPPING HANJIN SHIPPING (S) PTIITO Imp Hm hon*. com BOOKIMC *****35 73/ SAIES *****74 731 DOCUMENT 37*0771 774 OPEUriOlfi 37*0741 757 MAIN LINE *****55 fAX 777W40 (I MO **********0 M TO NW USA A CANADA USA CANADA* ret vsi/voy 1 IM I Si uni haui/voy sa nw kn
      2,505 words

  • Page 24 Advertisements
    • 1488 24 MR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MKDI'I'tIRRANEAN/CANAPA VESSEL VOY SM tg HTM Mi WW m» FU VtSSfL VOY *S»T" JEO GIT SPE FOI VIC MTR HAtUN SAVANNAH WOSM M M 1717 1117 11(7 1717 1117 WASHINGTON SENATOR WMSM 02 07 1317 1107 21.17 73 07 »07 01 M HAIUN TOKYO
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    • 1414 24 MY ANG LJNE ntemet Web Sit* http: //www.yml.cofn.tw i l kk JL <1 *4 if tk v Em A<wr#M: c, hp72o yml com IJI UIWiH IFTU'I BJ I'ij!' l j i/i jl! 1 Ufli'i hi niVilfl nwceweeklyeverythursoay/sunoay VESSEL vor SM RTM HAM FXT LEH ANR MING STAR AB2SW 27/06 19AJ7
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    • 426 24 B. IJESSELTON ONKI Br d mi IUMM nil uum'J MUARA j LABUAN vtssa vor rro eta vissa vor fto n* STOti MUARA SPORE UN APRBGUMT VI9E/90 29/06 02/07 Aftt GIORT Vltf/90 29/0* 03/07 iprospb vi 7i/« 03/07 o*/07 xfrospb viti/w 03/07 07/07 aprrgiort VITI/w 07/07 10/07 APRROORT VITE/9O 07/07 11/07
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  • Page 25 Advertisements
    • 1287 25 VESSEL VOY SIN POU PKQ PEN BLW SUR DUB BA BIK IRAN TEYFOURI PJL 1287 08/06 17/08 18/08 IRAN MOBIN PJL 1283 21/08 '30/08 01/07 IRAN QHEYAMAT PJL 1282 08/07 14/07 18/07 IRAN MATIN PJL 1287 20/07 28/07 30/07 ACCEPTING CONTAINER/SREAK-BUIK SHIPMENTS TO INLAND POINTS IN IRAN t CIS COUNTRIES
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    • 1639 25 DIRECT SAILING TO SHANGHAI XINGANG, I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL: 226 1900 FAX: *****08 OUTWARD (B/L) l,,^^^™^™^ I COSTAR SHIPPING PTE LTD #i7-os dis ildg SALIS/IKGS *****41/43 INWARD DIPT (0/0) *****8S COSTAR AGENCIES (M) SDN BHD IC» NO: *****89Q000M TOWER TWO (06M0?) CONVENTIONAL *****50/S5 T/SHPMT PEPT 4205R25
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    • 605 25 EASTERN CAR LINER, |fc I Eg (SINGAPORE) TO LTD 1 SPECIALIZE IN RQRQ HCAVY LIFT OPTO 122 TOWS ECL (SINGAPORE) PTE LTD LOADING FOR JAKARTA/DAMPIER port klang/colombo MV ''TOKYO QUEEN" V.2 MV "KEISHUN" V 77 ETA SIN 26/06/98 ETA JKT 29/06/98 ETA SIN 28/06/98 ETA PKI 29/06/98 ETA DAMPER 31
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  • Page 26 Advertisements
    • 1255 26 tUBOPt/UMMUDINAVUWIWLAHD/lIUSSIA SGP ROM ANW HBG THF ZEE LHV LHV THP ROM ANW HBG PKL SGP I 2- LIG !J T R *!i9 3 VM 17/07 22/17 11/07 20/07 21/07 22/07 E. GLEEFUL RE 062 31/05 02/06 01/06 03/06 ***** 29*0 30/06 !5.™ 032 04/17 25/07 20/07 24/07 7 27/87 E.
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    • 779 26 MAH-NELS S'PfIRE M'SIA I Carrier: MN CONTR LINES, INC P. GUDANG: (07) *****26 I 1 -IVv J MO> **********0 C SIBU: (084)*****9 MANILA: (632)*****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 KUCHPJG (082) *****1-3 JAKARTA MV "SINAR NUSA"
      779 words
    • 426 26 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AfRKA vissa 1 vot I siw I mi I put en i/mT NAMIAi PtHKfSS tons 77/04 12/07 )t/07 NAMIAI QUKN VO2BS 10/07 IS/07 27/07 24/17 30/07 WAIfUI DtAGOW V.007S 14/07 24/07 21/07 02/01 mmipwwa vo?3S 23/07 ot/oi ii/m mittimus tons 02/01 i)/m
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  • Page 27 Advertisements
    • 366 27 TjPSA fr~| MUM MYANMA «BBk FIVE STAR LINE (Myanaar National Lk«) 1 loading foe Yangon (Rangoon) Vtssa VOY SIN PKG P« PGU lAGO 107W $10 Mqp6lA ISW SID MALAYSIA AGENTS: lOUSTUD SHIPPING AGENCIES OIL 111 02-03-*****00 PKL TU 02-03-*****01 Kit m 02-04-*****02 WO; m 07-07-*****21/4 BANK LINE (A scrvkt of
      366 words
    • 1227 27 HYUNDA^^ERCHANTJWARJNECOj^TD^^^^^ ivissa VOTI sou I ib< etm awt |ham my fr sn K SSS» ii»S» we— S2a t ""2l(2„~" *«,v S(S uv rnililfiftOftf 313W 25/06 13/07 11/07 15/07 16/07 THAHHS 54S 08/06 04/06 03 06 04 06 25/06 EST 000 \\m S/S 17/0718/07 i5/S> 14/87 0041 03/04 10/04 04/04 09/04
      1,227 words
    • 1125 27 fIV *HV MB norwegion speciotued cxaoccxrier* G)©§(°]<3 mm wmi/N£s TO NORTH AND LATIN AMERICA RORO HEAYYUFT SERVICE" [viSSiL VOY RA*P HEIGHT SIN LAX CRI MIA SAV Ml ORF NYC WW MM TARONGA Fill 400 Tow 6.3* 30/06 25/07 03/08 06/08 OS/0S 10/0S TT7oT 12/01 17/Ot 19/08 TAJKO FBl4 400 Tom
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  • Page 28 Advertisements
    • 785 28 AWQKOK/LAKM CHAIANO JAKARTA/PAN JANG VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN MATHU BHUM 369N 27/06 01/07 30/06 DEJA BHUM 753S 27/06 02/07 CHANA BHUM 24N 28/06 01/07 ANRO GOWA' 039 27/06 01/07 ACX JADE 23N 28/06 01/07 02/07 ACX RUBY* 25S 29/06 02/07 YAMTRA BHUM** 246N 28/06
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    • 509 28 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL *****68 FAX: *****64 TLX: R*****5 SINMER Blil CR No: **********0W Receiving Cargo at PTI Blntulu I Muara VESSEL VOT SIN yy VJS«I VOT SIN MUA I Mad V9809E 02-03/07 01/07 MPnH VftllE lnp» 27/04 01/07 I Stria V9813C 0809/07
      509 words
    • 615 28 ACCORD SHIPPING PTE LTD *1 TEL ***** IS (40 Uom) PAX *****30 KtTKUUK |D| 1001 DIRECT ACCESS TIL *****55 (EXPORT BOOKING) F4SM GUDAMC IV/ r *****34 (EXPORT DOC), *****39 (IMPORT) mUMC (04) U***** —URL;HTTP://WWW.ACCORD.COM.SO iUJJtU (i\)MO77O POUT ITA $111 POKT HA $IN FOKT ITA SIN HUT ITA SIN (FAR EAST)
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  • Page 29 Advertisements
    • 407 29 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE m VOY |SPORE lADAM/NOAM HIURO MfMEN ANTWf RP A VESSEL 47Win»Mj 22lij 27/ M OMIT M/M TO AUSTRALIA 1 WILL CONTAINER SERVICE ML VOY m SYP MR MM AOL Ml MBWU (M a»!7«l OMT7 Ml>7 IM7 IVT7 IMUBAI «1S" K*7Mt7|t2«7 WSJ 2M7
      407 words
    • 741 29 nSSSf JSM# PACIFIC INTERNATIONAL LINES (PTE) LTD 140 Cedl Street #03-00 Building, Singapore *****0. I CR NO: **********06 ftffr j'? < -±z z y yRSII VOY SI SIN MM AW LYT DPI IM OME HQ SNI 1 ■Siiua m zmz m m m m m m jia. I Mwbii 10/;
      741 words
    • 910 29 VFStjtm a VQY SW I JED I MLA LEH HAM THP H7M ZEE V-LE OE ANTARES L2BW 01/07 10/07 14/07 20/07 21/07 23/07 23/07 24W7 WJ-EOEVWQO S2BW 07/07 15/07 20/07 28/07 27/07 28*07 28*07 30/07 V-LE OE VELA N2BW 14/07 22/07 27/07 02/06 03/06 05/06 06/06 OXBB VLLEOE GEMMA H2OW
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  • Page 31 Advertisements
    • 62 31 Dial 740-6000 Oil QGITOrid MmJ (Retrieve more schedulesl) m Press "1" c JC\ Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number your phone number Another Innovative servic* offered by The document Will be TIMFS m*j faxed to
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  • Page 33 Advertisements
    • 47 33 ST|j6*hDial 740-6000 Oil 0G*****10 (Retrieve more schedules!) Press "1" CT Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number I your phone number ■My. Another innovative service offered by The document Will be Shipping Times
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  • Page 34 Advertisements
    • 851 34 ■w 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. **********00 BOOKIMBS CALL DIRECT LIME: *****41/43 JESSICA/CELIA/MEI CHAM 7 slgs/week [2E3ESJ3I 2 slg/week I VESSEL TvOY sm |~JAK |VESSEL VOY SIN PLB SINAR NUSA 1008 IN
      851 words
    • 618 34 \*mm ENG LEE SHIPPING CO PTE LTD I I ICCJA Tab *****75 UHI) Piis *****30/532*9*0 I tt hi IHWOHHt I VESSEL VOY SIN nA SIN ETD DESTINATION Union Star 10 08/98 26/06 77/06 Jokorto Morco Polo 42 14/98 27/06 29/06 Pero*ong/Buoton Smor Central 09/98 27/06 29/06 Perowong/Buoton/P Boru Owi Doyo
      618 words
    • 465 34 SiN FAR £AST 28/06 KEELUNG/KAOHSIUNG 28/06 BANGKOK 28/06 MANILA/CEBU 28/06 JAKARTA/BELAWAN/SURABAYA 28/06 PORT KELANG/PENANG/E MALAYSIA 30/06 BUSAN 28/06 TOKYO/YOKO/KOBE/NGO/OSA 28/06 HONG KONG SIM CHINA (4>Bl#±»*o) 28/06 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU OALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIN EUROPE/UK 28/06 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SiN USA/CANADA 28/06 LOS ANGELES/NEW YORK all IPI
      465 words
    • 417 34 \cfcm Singapore Soviet Shippingl; Pte. Ltd. v l )3) C«M0:**********0N-i VESSEL VOY SIN BOM PNG PKL SEA SUCCESS 1 116N 27/06 04/06 16/06 16/06 KOTARATU RTUOI3 30/06 08/07 19/07 21/07 SEA SUCCESS 1 115N 04/07 12/07 24/07 26/07 KOTA RUKUN RKNOO7 14/07 22/07 03AM 05/06 KOTA RATU RTUOIS 22/07 29/07
      417 words

  • Page 35 Advertisements
    • 1131 35 i ASIA EXPRESS (AME) WESTBOUND SERVICE I VtSStL VQY I SIN I CMB MR LA SPEZIA I VIC I LEH I FXT ANT "I MSC MONICA 9824-3 27 JUN 02 JUL 11 JUL 14 JUL OMIT OMIT 2LM 22 M IMy SOPHIE 9825-3 03 JUL 07 JUL 16 JUL OMIT
      1,131 words
    • 1707 35 ft* -ffEr fl,, \ym/wm WI r» IWI im rmii Nww naoqya ytmi wgj IS; lrs; IfJ; If5J muaoMBM ***** ».os ou* 02.0* out 21M 29.0430.06 0107 02x7 NYK ANMKMNEDA 04VM27 09X7 ito' 27X7 20X7 OIS 7,U13 #7 M ,0 07 07 7 7 M 7 mMr I J> I NYK
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  • Page 36 Advertisements
    • 523 36 I VESSEL VOY SIN MAA SIN I CAPE BONAVIS 98/05 27 28/06 02 1007 15-15AJ7 I TIGER BRIDGE 633N 02-03/07 08-14/07 19-20/07 I TIGER WAVE 634N 04-05/07 10-17/07 22 23/07 I TIGER BAY 635N 12-13/07 17 22/07 27-28/07 I TIGER ISLAND 636N 15-16/07 20-25/07 30-31/07 I J TIGER BRIDGE 638N
      523 words
    • 820 36 FREIGHT LINKS EXPRESS 02 Toh Guan Road, Singapore *****1 Tel *****66 (60 Lines) Fax: *****33 E-mail flesin@singnet.com.sg CONSOLIDATION SERVICE TO THE FOLLOWING POMS BUINOS AIMS (BUS), SANTOS (SSZ), SHANGHAI (SHA), LAEM CHABANG (US), PASIR GUDANG (PGU) VESSEL ETD SIN ETA SUE ETA SSZ ETA SHA ETA LCB ETA PGU DAINTY
      820 words
    • 1038 36 QOCL (Singapore) Pte Ltd CFS Keppel Distrpk 79 An»on Rood #21-04 (S) *****6 Mk 513 *01-128 gfo. CR NO **********0H Tot 272 7127 For bookmg [X# Tel: *****13 Fax 221 3942 F«: 272 7825 :7n\ M Jf OOCL (Malaysia) Sdn. Bhd. 4 y PFTALING JAYA lot 03-754 776 Fax:o3-7565 342
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  • Page 37 Miscellaneous
    • 114 37 LEGEND. R Thunderstorm Temperature c X\ V Shower Weot+>er Wind direction with speed in knots Rom Cloudy Sky Wove height SwJom winds or* mdicoted by arrows wfcdi «y with the wind On. Ml or do represents cairn or tight and vonobie winds J__ One haH Heche represents 5 knots One
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  • Page 38 Advertisements
    • 59 38 M.V. "EXCEED 2" VOY. 3 ARRD 22 JUNE 1998 Consignees of all damaged cargoes ex the captioned vessel is hereby notified that a general survey will be held on the 29 June 1998 *****200 hours at P9 (NTY's Office). No further survey will be entertained thereafter. A* Agents: "K" LINE
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