The Business Times, 8 June 1999

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Microfilm: NL21504
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 THE BUSINESS TIMES MITAif^W^g^ 85c S I N G A P 0 R E Internet- http://business-times.asial.com.sg/ TUESDAY, JUNE 8,1999
    19 words
  • Article
    Lock icon MARKET SUMMARY
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  • Article
    Lock icon FINANCE
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  • Article
    Lock icon New Tibs-SMRT merger spin set to cool shares
    734 1  -  Talk now is that Tibs may be delisted after merger, and new entity listed By' Ven Sreenivasan [SINGAPORE] The market is getting around to the view that bus operator Tibs Holdings may not get to absorb the much bigger train operator Singapore
    734 words
  • Article, Illustration
    Lock icon Rupiah greets peaceful polls with 4.5% surge
    740 1  -  Farther strength expected, stocks set to rocket today By) Larry Wee, Shoeb Kagda in Jakarta THE Indonesian rupiah exploded in thin offshore trading yesterday as parliamentary elections passed without any major incident, and analysts are predicting more strength ahead. Contrary to widespread expectations
    CHRIS LOH; Source: Bridge  -  740 words
  • Article
    Lock icon Creative Tech goes heavy with broadband modems
    375 1  -  Company taps deeper into Internet market with Lucent, Centillium deal* By] Marissa Chew [SINGAPORE] Home-grown sound card giant Creative Technology is set to farther its Internet ambitions with two deals which will see it offer broadband Internet access solutions by the third quarter.
    375 words
  • Article
    Lock icon Megawati way ahead of Golkar in early tally
    105 1 IaaLMBW [JAKARTA] Preliminary results from yesterday's general election show Megawati Sukarnoputri's party leading the ruling Golkar by a wide margin. Official tallies will not be known until some two weeks later, so the early results are very, very tentative indeed. From the
    105 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Lock icon Civil service retains mid-year payment of half-month salary
      830 2  -  Jan 99 wage cuts to stay but timescale officers to get annual increments By Anna Teo CIVIL servants will get a halfmonth mid-year payment in July same as last year and down from the usual three-quarter-month quantum. And like last year, there
      830 words
    • Article, Illustration
      Lock icon Learning to swim in the whitewater of change
      799 2  -  Learning is key to effective leaderships management gnm By Marissa Chew "l DONT know!" said Peter Vail! in answer to questions on how to encourage lifelong learning and how to be a leader in an age of constant change. You would think
      ARTHUR LEE  -  799 words
    • Article, Illustration
      Lock icon April import prices inch up 0.2%
      301 2  -  EYE ON THE ECONOMY Prices By. Eugene Low PRICES of imported goods edged up 0.2 per cent year-on-year in April the first increase in 15 months according to the Department of Statistics. Month-on-month, the import price index was up 1.9 per cent, after a
      Source: Dept of Statistics  -  301 words
    • Article
      Lock icon S'pore refutes M'sia water report
      485 2 Distorted picture presented: Foreign Affairs Ministry The Straits Times SINGAPORE'S Foreign Affairs Ministry has refuted details on bilateral negotiations with Malaysia that were leaked to a Malaysian newspaper, saying that a distorted picture had been presented about the ongoing talks. A ministry spokesman, responding to
      The Straits Times  -  485 words
    • Article
      Lock icon Noel, Tiong Choon tie-up pays $13m for Balmoral site
      507 3  -  Condo units will have to be sold at $1,000 pgf for project to break even By Ang Wan May THE new owners of a freehold Balmoral Crescent site would have to sell condo units there at about $1,000 psf to break
      507 words
    • Article
      Lock icon Apex Systems gets another Manila deal
      158 3 SOFTWARE firm Apex Systems has secured a contract from the Philippines' Insular Life Assurance Corporation and its sister company, managed care specialist I-Care. Insular Life is the sixth insurance company in the Philippines to select Apex's software package, the local company said yesterday. The
      158 words
    • Article
      Lock icon Katong Park Hotel up for sale with $45m price tag
      285 3 FOR the second time round, the Tan family is trying to sell its Katong Park Hotel by tender for about $45 million. The 170-room hotel at Meyer Road, which ceased operations last October, was put up for tender last September
      285 words
  • Page 2 Advertisements
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      1082 2 EASTERN PUBUSHING LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at The Boardroom, 8 Lorong Bakar Batu #07-12, Singapore *****3 on 30 June 1999 at 10.00 a.m. for the following purposes As Ordinary Business 1. To receive
      1,082 words
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      Lock icon Page 2 Advertisements Column 2
      11 2 KTODAY®*** Ik ■Uanhe Zaohao II it Ain*J®r J «SC^iferp» mmm HMHtt
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  • Page 3 Advertisements
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      328 3 FIND OUT HOW YOU CAN MAKE tt a competitive world out there. A* an added bonus, alf uni id nor /l Ml 7/1 TiAaj 'C only way to boat your attendees will haw a cfianca WORKFLOW MORE PROFITABLE. Decisions-decisions that make n Wmimh*-mim* food business sense, Improve wrmrwnoummg workflow and
      328 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon Let market forces save the hotel industry
      638 4  -  THB PROPERTY COLUMN Redevelopment ban extends oversupply and prevents much-needed shakeont By Lee Han Shih IT is a rarity in efficient, rational and pro-business Singapore—a government policy that not only serves little purpose, but also ties up hundreds of millions of dollars in
      FILE PHOTO  -  638 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      573 4 For Sale By Tender industrial Purpose-built detached factory Gross Floor Area: approx Area: approx 120,328 sq ft Tenure: HDB leasehold 60yrs wef t 1/9/1974 Rent 5512.00 per annum permission to use the premises as a warehouse Tender closing date: 14/7/99, Wednesday at 4 pm For enquiries, please contact Sole Marketing
      573 words
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      4 4 Strait Talk SHIPPING TIMES
      4 words
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      1235 4 eastern publishing limited notice of Extraordinary General Meeting NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting for the Company will be held at The Boardroom. 8 Lorong Bakar Batu #07-12, Singapore *****3 on 30 June 1999 at 10.15 a.m. (or as won thereafter as the Annual General Meeting of
      1,235 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 4
      95 4 We provide consultancy services on aflfehorc structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman 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 further
      95 words
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  • ASIA ON THE MEMO
    • Article, Illustration
      Lock icon Excess industrial capacity threatens Asian banks: BIS
      641 5 BIS ANNUAL REPORT External demand growth also still weak, partly dne to depressed regional export markets Reuters [BASLE, Switzerland] Asia seems to be over the worst of its steepest economic slump in more than 40 years but unwanted industrial capacity remains a serious
      Reuters  -  641 words
    • Article
      Lock icon US economy must be on guard against overheating
      224 5 Reuters [BASLE] The United States must be on guard against its economy overheating, while European interest rates may have room to fan, the Bank for International Settlements said in its annual report yesterday. The BIS stopped short of saying the US Federal
      Reuters  -  224 words
    • Article, Illustration
      Lock icon No immediate risk of deflation seen in Japan
      427 5 It makes controversial suggestion of Tokyo adopting in inflation target Reuters [BASLE] The Bank for International Settlements (BIS) sees no immediate danger of deflation in Japan but said in its annual report yesterday that the outlook remained pessimistic. It also suggested Japan
      Reuters; Source:  -  427 words
    • Article
      Lock icon US$ seems overvalued against euro and yen
      329 5 Bloomberg, Reuters [BASLE] The US dollar may be overvalued by as much as 26 per cent against the euro and 21 per cent against the yen, the Bank for International Settlements said. The US dollar should be as low as 100 yen, and
      Bloomberg,; Reuters  -  329 words
    • Article, Illustration
      Lock icon Nikkei up 1.1% on talk of new stimulus
      440 5  -  From, Anthony Rowley in Tokyo SPECULATION that the Japanese government will this week outline further economic stimulus measures, Including tax cuts, Intensified yesterday when the head of one party In the ruling coalition urged sweeping tax reforms. The Nlkkel-225 stock average rose
      440 words
    • Article
      Lock icon KL's April output rise signals recovery
      212 5 Reuters [KUALA LUMPUR] Malaysia announced yesterday that Industrial production rose by 2.6 per cent In April year-on-year in what analysts said was a sure sign of recovery from recession. The key index increased 0.8 per cent in April from March, the Statistics Department said.
      Reuters  -  212 words
    • Article
      Lock icon Economy feces no threat of deflation, says Thai minister
      412 5 New stimulus parka go may offer tax incentives for foreign investors AFP [BANGKOK] Thailand's Deputy Finance Minister Plslt Leatham yesterday Insisted that deflation would not threaten the country's embryonic recovery. He said that the government was planning tax Incentives for foreign
      AFP  -  412 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Too early to tell if Megawati's PDI-P will have landslide win
      597 6  -  ELECTION WATCH Results may change when tallies from non-urban centres filter in today By Yang Razali Kassim YESTERDAY'S early voting tallies which show Megawati Sukarnoputri's party firmly in front should not be mistaken for an overall trend and could
      AFP  -  597 words
    • Article
      Lock icon M'sia bans European food imports
      185 6 KUALA LUMPUR AFP MALAYSIA yesterday temporarily banned imports of all European meat, eggs and dairy products amid a food contamination scare that originated from Belgium. Health Minister Chua Jul Meng said aU such products brought into Malaysia from Jan 1 onwards would also be withdrawn
      AFP  -  185 words
    • Article
      Lock icon Clob to remain separate issue, Dr M reiterates
      590 6 KUALA LUMPUR We're willing to supply S'pore with water if we {pun from it, he says Bernama PRIME Minister Mahathir Mohamad yesterday reiterated that the Central Limit Order Book (Clob) issue will be maintained as a separate issue from the outstanding package
      Bernama  -  590 words
    • Article
      Lock icon Signs point to snap poll in Aug: M'sian Chinese daily
      386 6 KUALA LUMPUR Bridge News, Reuters MALAYSIAN Prime Minister Mahathir Mohamad may can a snap general election for August, according to Chi-nese-language newspaper Sin ChewJUPoh yesterday. thp nart general election should be called by April 2000 but the constitution allows it
      Bridge News,; Reuters  -  386 words
    • Article, Illustration
      Lock icon A-G amends Anwar sex charges for second time
      451 6 KUALA LUMPUR Aliped sodomy d&to changed' argM court tatbrow out cue Reuters THE sex trial of ex-flnance minister Anwar Ibrahim got off to a contentious start yesterday when government prosecutors again rewrote the charges and the defence asked the judge to throw
      Reuters; AFP  -  451 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
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  • CHINA-HONGKONG-TAIWAN
    • SINO Briefs
      • Article
        Lock icon Anson Chan to promote HK in N America
        94 7 AFP [HONGKONG] Hongkong's Chief Secretary for Administration Anson Chan will lead a high-powered trade delegation this week to promote Hongkong in the US. Canada and Mexico, a government spokesman said yesterday. Ms Chan's visit, scheduled from June 12 to June 28, aims
        AFP  -  94 words
      • Article
        Lock icon Taiwan may allow NT$ to appreciate
        65 7 AFX-Asia [TAIPEI] The central bank does notrule out the possibility of allowing the Taiwan dollar to appreciate appropriately if the foreign exchange market continues to experience an oversupply in US dollars, the Economic Daify News reported yesterday, quoting unnamed central bank officials. The officials
        AFX-Asia  -  65 words
      • Article
        Lock icon Chunghwa plans investment unit
        70 7 AFP [TAIPEI] Taiwan's state-run Chunghwa Telecom plans to establish an investment arm in July to expand its overseas operations, the Commercial Times Mid yesterday. The new investment company, with a capitalisation of NT|S billion (5H58.4 million), would target overseas projects in central and South America as
        AFP  -  70 words
    • Article
      Lock icon Chinese TV set-top box challenges Microsoft
      248 7 SHANGHAI East-1 will give TV own cheaper access to the Internet AFP A CHINESE company has unveiled a home-grown Internet TV set-top box to challenge Microsoft's Venus operating system, state media reported yesterday. The EasM machine will enable users of TV sets to have
      AFP  -  248 words
    • Article
      Lock icon Japanese investment in China seen contracting again this year
      347 7 TOKYO Investors growing wary of Being's mounting bad debts, banks cutting loans Reuters JAPANESE Investment in China is expected to contract further this year as recent events have torn back the curtain on the country's mounting debt problem, bankers and economists
      Reuters  -  347 words
    • Article
      Lock icon China house prices seen falling
      257 7 BEIJING Oversnpply, caution seen contributing to expected 7% drop Reuters HOUSING prices in China are expected to spiral down this year as institutional buying recedes, the China Daily reported yesterday. "On average, the prices in real estate may drop by about 7 per cent compared
      Reuters  -  257 words
    • Article
      Lock icon China consumers splurge despite crisis: survey
      134 7 mHONGKONG Reuters CONSUMERS in China are spending more even during the Asian crisis, research company AC Nielsen Media International said yesterday. More people in major Chinese cities are buying computers, mobile phones and microwave ovens, and showing a preference for imported labels to homegrown
      Reuters  -  134 words
    • Article, Illustration
      Lock icon Maggie the menace
      34 7 [HONGKONG] Strong winds and rain prompted businesses and schools to dose yesterday as Typhoon Maggie skirted the territory. But most businesses reopened afterthestorm warning signal was downgraded by 11am (0300GMT). AFP
      AFP  -  34 words
    • Article
      Lock icon China could withdraw WTO offers: report
      265 7 SHANGHAI Reuters, AFP CHINA could withdraw offers It made to win entry into the World Trade Organization (WTO) but it remains committed to joining, a Shanghai newspaper reported yesterday. The Baokan Wenzhai reported that Wu Yi, a member of the powerful State Council (cabinet),
      Reuters,; AFP  -  265 words
  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      349 7 .-v.'v. *'v ifltif.;V J *^^^BM£^' I IB I I INVESTING IN SUCCESS AT SUNTEC CITY. m—|| II II IP B We were willing to pay a premium price to be at Suntec City because we could see immediate returns." MB Mark Mobius, President, Templeton Asset Management ■■jv 'jMMI Given the
      349 words
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  • ASIA
    • Article
      Lock icon Japan to broaden scope of financial services law
      174 8 TOKYO Govt panel decides to bring deposits, postal savings under it Bridge News A JAPANESE government panel yesterday agreed to broaden the scope of financial products to be targeted under a planned financial services law, so as to include deposits, postal savings
      Bridge News  -  174 words
    • Article
      Lock icon FDI in S Korea almost doubled in first 5 months of this year
      355 8 SEOUL it has USs3£b in investments, np from USsl.Bb last year Bloomberg Reuters DIRECT foreign investment in South Korea almost doubled In the first five months this year, as international firms such as Mitsubishi Corp and ÜBS
      Bloomberg; Reuters  -  355 words
    • Article
      Lock icon Japan life insurers face rising financial problems, warns Moody's
      344 8 TOKYO Agency points to weak earnings power, regulator tightening screws AFP JAPAN'S life Insurers are suffering badly from the slump in the world's second largest economy and are facing growing financial problems, US ratings agency Moody's Investors Service warned yesterday. "Regulator
      AFP  -  344 words
    • Article, Illustration
      Lock icon Launch of a new Office
      47 8 [NEW DELHI] Kartik Padmanabhan (left), product manager, and Sanfay Mirchandi, managing director qf Micros# Corporation India launching the company's Microsoft Office2oooin India yesterday. Microsoft said its new software would help to boost the growth of the personal computer market in India. AFP
      AFP  -  47 words
    • Article
      Lock icon Australian job ads rise 1.3% in May, says ANZ survey
      297 8 MELBOURNE Bloomberg THE number of vacant jobs advertised in Australia rose to the highest since earlier this decade in May, as businesses looked for more staff to help meet rising demand. The number of Job vacancies advertised in major metropolitan
      Bloomberg  -  297 words
    • Article
      Lock icon Indian telco MTNL to sell shares overseas
      416 8 NEW DELHI Reports say gsvt will sell about 3* stake to raise USSIOOm Bloomberg INDIA expects soon to sell a portion of its shares overseas in Mahanagar Telephone Nigam Ltd, which provides telephone services to two of country's premier cities, Bombay and Delhi.
      Bloomberg  -  416 words
    • Article
      Lock icon LG abandons Korea Life bid
      333 8 SEOUL More clears way for Haowfaa and IDPs Regent Pacific Bloomberg LG Group, yielding to government pressure, said it won't try to buy ailing Korea Life Insurance Co, clearing the way for rival bids by Regent Pacific Ltd of Hongkong and Seoul-based Hanwha Group. LG,
      Bloomberg  -  333 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      1291 8 NOTICE 18 HEREBY GIVEN that an annual oenarai meeting of the company wIH be held at It* registered office. 826 Lorong 4, Toa Payoh, Singapore *****9 on Wednesday, 23 June 1999 at 11.00 am, for the Wtowfng purposes: h'' A 8 ORDINARY BUBINEBB VHf Sfe (1) To receive and consider
      1,291 words
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      Lock icon Page 8 Advertisements Column 2
      43 8 Law firm requires a Legal Assistant with 2 to 3 years litigation experience. Suitable applicant will have long term partnership prospects. Applicant must have knowledge of Mandarin and other dialects. If interested, please write to 135 Cecil Street #06-04 LKN Building, Singapore *****6".
      43 words
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  • THE WORLD
    • Article
      Lock icon Wall Street anticipates a summer rally
      418 9 NEW YORK Some see Dow hitting 11,600 with expectations of good Q2 and Q3 earnings Reuters WALL Street may be ready for a summer rally as it heads into a quiet period with few earnings announcements on the calendar this week and the Federal
      Reuters  -  418 words
    • Article
      Lock icon Job cuts announced by US firms double to 55,231 in May
      378 9 CHICAGO Data indicates companies keeping costs in check Bloomberg THE number of planned job cuts by US businesses rose in May to almost double that of last year, according to the employment firm Challenger, Gray Christmas. Businesses announced plans
      Bloomberg  -  378 words
    • Article
      Lock icon Two-fifths of business software pirated: survey
      252 9 HONGKONG Reuters ALMOST two-fifths of all new business software applications installed worldwide in 1998 were pirated, a survey by two piracy watchdogs said yesterday. The poll conducted by the Business Software Alliance and the Software Information Industry Association showed 231 million, or 38 per
      Reuters  -  252 words
    • Article, Illustration
      Lock icon No chickening out
      82 9 [LIEGE, Belgium] A chicken standing in a slaughterhouse here yesterday. European Union veterinary experts held a special meeting yesterday to assess measures taken to combat Belgium's food safety scare, which has spiralled into the bloc's worst since the Mad Cow Disease. Countries around the world have closed
      REUTERS  -  82 words
    • Article
      Lock icon Legal aid for poor nations in WTO cases
      104 9 GENEVA Reuters A group consisting mainly of developing countries launched an Independent legal aid centre In Geneva yesterday to help poor nations argue their case In Increasingly complex World Trade Organisation disputes. The Advisory Centre on WTO Law wUI provide legal advice
      Reuters  -  104 words
  • Page 9 Advertisements
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      18 9 •Tung Centre •Parkway Parade •A-Z Building For details, please contact owner: Tel: 437 6853 437 6872 534 3132
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      246 9 fejs^lj) 3BHB^ WL Fly off faster with free flights on our four Frequent Flyer programs. Earning miles is easy! Up to 5,000 miles free! You earn miles every time you use your Citibank Upon approval, gold card applicants will receive card every dollar charged gets you CitiDollars CitiDollars 2,500, and
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Funny business well under way before Olympics
      744 10  -  BOTTOM LIMB OPINION By Shahiron Sahari The writer, a Sydney-based journalist, contributed this article to BT THERE is little more than a year to the 2000 Olympic Games in Sydney, but the fun seems to have already begun. In fact, the fun, or
      744 words
    • Article
      Lock icon IN OTHER WORDS
      127 10 'Democracy is revenge. It is difficult to forget the past* -Rally Anwar head of the Golkar party's department for winning elections, on yesterday's general election in Indonesia. 'It was agreed that CLOB is a separate issue. Only water supply to Singapore and railway are government issues. CLOB
      127 words
    • Article
      Lock icon Tokyo must give up sales tax
      638 10 EDITORIAL SHOULD the Japanese government sacrifice revenues from the national consumption tax in its battle to revive the ailing national economy? The man pushing Prime Minister Keizo Obuchi to reduce, or even suspend, Japan's unpopular national consumption tax is Ichiro Ozawa Mr Ozawa is
      638 words
    • Article, Illustration
      Lock icon Full force of the euro has yet to be realised
      925 10  -  Equity markets are giving the single currency the benefit of the doubt, even if forex markets do not By] Peter Martin FT THE euro, the symbol of Europe's latest phase of economic and financial integration, continues to fall. But most
      FT; FILE PHOTO  -  925 words
    • Article, Illustration
      Lock icon Don't write off single workers
      669 10  -  By Daniel Akst Daniel Akst is a novelist and financial journalist IMAGINE working for a company that bases compensation on family status. If you have a spouse and children, you are paid more, even though single, childless employees seem to work longer hours. Singles hardly
      669 words
    • Article
      Lock icon WHAT THE OTHERS SAY
      401 10 II wHaaHy ■■«■■<!»< profits only tt> makers BRITISH Prime Minister Tony Blair is determined to lead the British people towards acceptance of GM (genetically modified) foods. We think he'd better think it out again. Our first doubts about the ethics of GM agriculture arose on hearing
      401 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Salesman scores at Tony's
      434 11 THEATRE Arthur Miller classic wins four top awards; Iceman's left ont in the cold Reuters [NEW YORK] Death of a Salesman captured four top honours at the 53rd Tony Awards on Sunday, with Side Man and Fosse also winning big and The Iceman Cometh coming up
      Reuters; AFP  -  434 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      562 11 Where to wine, dine and ssssk Treat yourself to a wide range of Japanese cuisine. Enjoy lempura, Sushi Rolls, Sashimi, Soft Shell Crabs and many more plus tantalising desserts. Buffet I-iinrh 8C Dinner: *23.50 (Adult) 50% discount (Child) 1 (Lunch daily ocept Saturday "Tundi" from 12 noon to 4.30pm. Dinner
      562 words
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      Lock icon Page 11 Advertisements Column 2
      55 11 El Coffeehouse l«l floor Ihk-MMfc** ii«nu\ ouicvti Huffles Place #B 1-02 Reservations: 1831 6288 Hduni Road Singapore 2M867 J 737 4411 F» 732 2161 i e m Advertise in Wine, Dine Entertain of The Business Times. i Contact Jennifer Ng 9 740 1581, Raymond Seah <3 740 1260 of Shirley
      55 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Lock icon Page 11 Miscellaneous Column 1
      1046 11 CRYPTIC CROSSWORD Buyers layoff theduck(9) damage done (9) YESTERDAY'S SOLUTION 2 A person lacking experience 15 buUdin cuts out .iNleMplElßlAlclLlel fibs for friends (6) leU I MbMnßeMrMrMsi 3An engineer's papers set in or- 16 ope y m main H[mwmE[mQCTT{mß[mE|HjB der (6) |EMQMXpiRMApBDMApBE| 4 A few had debts, it's main- 17
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  • SPORTS
    • Article, Illustration
      Lock icon A last-ditch battle for India against Pakistan
      657 12 Keen tussle seen as thousands of supporters of both teams descend on Manchester AFP MOHAMMAD Azharuddin's India will make a last-ditch effort to stay in the World Cup when they clash with arch-rivals Pakistan in a su-per-charged match at Old Trafford in Manchester
      AFP  -  657 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      1161 12 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Bth Annual General Meeting of SUPER COFFEEMIX MANUFACTURING LTD ("the Company") will be held at 2 Senoko South Road, Super Industrial Building, Singapore *****6 on Wednesday, 23 June 1999 at 10.30 am for the following purposes: AS ORDINARY BUSINESS
      1,161 words
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      Lock icon Page 12 Advertisements Column 2
      117 12 PASSING SHOTS Quotes from some of the winners at the French Open which ended on Sunday It almost feels like it had nothing to do with me WAA -Bke it was sheer destiny.' —Andre Agassi, 1999 French Open champion and thefifth man in history to win all four Grand Slam
      117 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon SIA won't get into price war over Ansett stake
      657 13  -  Aussie govt said to prefer S'pore carrier to ANZ as buyer of NewsCorp'sso% By i Conrad Raj [SINGAPORE] Singapore Airlines will walk away from its Assoo million (*****.27 million) purchase of a 50 per cent stake in Australia's Ansett Holdings from
      Compiled by BT  -  657 words
    • Article
      Lock icon Allied Components to list on Sesdaq
      380 13  -  Contract manufacturer's IPO may be launched within the month By* Jennifer Lien [SINGAPORE] Allied Components International, a plastic injection moulding firm turned electronics contract manufacturer, has obtained inprinciple approval for a Sesdaq listing. Its initial public offering is expected to be launched within the
      380 words
    • Article
      Lock icon Analysts like S'pore bank stocks more than HK's
      664 13  -  HOCK LOCK SIEW Meera Tharmaratnam Hongkong bank stocks are losing some steam as market sentiment in the territory turns more cautious. Investors are instead turning their interest to Singapore, which recently instituted new moves to free up its banking sector, a move
      664 words
    • Article, Illustration
      Lock icon Last-minute mystery SingTel sales chop 32 pts off STI
      475 13  -  By( Catherine Ong, Ven Sreenivasan (SINGAPORE] A last-minute sale by a mystery investor forced down the price of Singapore's largest stock, Singapore Telecom, and sliced 32 points off the benchmark Straits Times Index. On a day when most stocks traded higher
      Source: Bloomberg  -  475 words
    • Article
      Lock icon SingTel expands network for businesses
      131 13 (SINGAPORE] Singapore Telecom is spending $40 million to enhance its communications network for businesses. Called Connect Plus, the regional network solution provides multinational corporations a single source service for ordering, bUling, technical and sales support through international leased circuit, frame relay, Internet protocol and voice
      131 words
    • COMPANIES
      • Article, Illustration
        Lock icon Comfort scores $20m net sees better profit ahead
        587 14  -  Fees from rental cabs pull bottom line back up but motor division still bleeding By Christopher Tan [SINGAPORE] Transport operator Comfbrt Group is back on the growth path with a net profit of $20 million for the year ended March 1999, some
        FILE PHOTO  -  587 words
      • Article
        Lock icon Two OCBC senior executives promoted
        199 14 [SINGAPORE] OCBC Bank yesterday promoted two senior executives in recognition of their good performances and greater Job responsibilities. Ooi Soon Telk is now a senior executive vice-president and Winston Tan Cheow Kim, an executive vice-president, the bank said yesterday. Mr Ooi was previously an executive
        199 words
      • Article
        Lock icon Keppel T&T, SPH apply for ISP licence
        312 14 [SINGAPORE] Keppel Telecommunications and Transportation (Keppel TAT) and Singapore Press Holdings (SPH) have Jointly applied to be an Internet Service Provider (ISP) in Singapore and plan to acquire ISP licences elsewhere in Asia. They will be competing with CyberWay, Sing Net and Pacific
        312 words
      • Article
        Lock icon BAT S'pore, Rothmans cash offers to go ahead
        213 14 Global merger of BAT,Sothnuuulntl has been completed [SINGAPORE] British American Tobacco yesterday said that its subsidiary BAT Singapore Investment (BATSI) would go ahead with its cash offers for Rothmans Industries and BAT Singapore now that it has completed Its merger with Rothmans
        213 words
      • Article
        Lock icon Kedah Cement may be delisted alter its acquisition
        302 14  -  From', Eddie Toh in Kuala Lumpur KEDAH Cement in which Singapore's Temasek Holdings has a 2.1 per cent stake— may be delisted in the takeover exercise by Malayan Cement. Malayan Cement yesterday issued the notice for the mandatory takeover offer after having
        302 words
      • Article
        Lock icon Ardmore Park pushes Marco Polo's gain up 49%
        361 14  -  By David Boey [SINGAPORE] Hotel and property developer Marco Polo Developments' earnings rose 49 per cent to $80 million for the fullyear ended March 31, as the group continued to rake in takings from its Ardmore Park luxury condo project. Turnover fell
        361 words
      • Article
        Lock icon GES Int'l signs deal to sell HP products over the Net in Asia
        357 14 Bloomberg [SINGAPORE] GES International Ltd, one of Singapore's biggest electronics distributors, |dd it will make some money every time someone In Asia, excluding Japan and Australia, orders a HewlettPackard Co product over the Internet. Under an agreement
        Bloomberg  -  357 words
      • COMPANY Briefs
        • Article
          Lock icon buys 5.2% of
          45 14 Reuters [SINOAPOR*] Vtnturt capitalist Mark Q«h hw talnn 5.1 ptrotnt stake In Tlcxttch Holdings, buying M 6 Flsxtech Mid tits ihsrsswsrs bought from ssvtral (iritoshoklsr»,makiz«lfrQ«hs substantial thsrshoktar. Thsccanpany quoted Mr Osh—sytofthspurehMS TprlcsrsprsssntsdsprtmiumofMpsrcsntonr Vtatseh's lift tradsd prtcs on Juns 4, Inst ttkas tatD|j|
          Reuters  -  45 words
        • Article
          Lock icon Goldtron
          46 14 Reuters impi—iiwiiaw ."innTimttr i Hr Till nII •aid yaatarday tfaa court maatlns would ba haldon or bafoi* July l4.lnBaptambar,Qoldtron»aldttw*i Mjodtttet 1 itandstW Hrmnint on lt> dabti with landart to allow h to raatruetura. —Rmtun ij&rL j > rJf.v > f. .> -i" **3TtM t£, 3I X op&V,-• 5
          Reuters  -  46 words
        • Article
          Lock icon IPO;s debt
          53 14 Reuters (BWGAPORI]Tha tearing on IPC Carp's dabt /aiivu|Honi mmm bi ua ni|& uiun oaa oaan k Wm data would ba flxadlatar. IPC had aariiarawpMad to convana maatlngs ylthtocradltoHipwpoalPtadifct raatrurtgrlng acawttawtth all awn* ii 11 uii iiii working with ttaadvlaar»tor*li»ttetar»sortlE?U* tfhwfwid/Ttftniali stwiti ofter amnp—nts m shall ba appropriate," tha
          Reuters  -  53 words
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          Lock icon Informatics
          19 14 [BlNOAPORl]lnfbrmatloaHoldlnfi'parant AfV Holdings win wind up voluntarily. AOT'saaaata, which mainly ooiaprtaeiMraffltnnTngßrmartoaiitfra, proportion to thalr currant •haraboMtof In AfV.
          19 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Acer, IBM sign US$8b deal spanning 7 years
        533 15  -  But analysts caution that value of IBM's purchases from Acer not quantified in pact From Macabe Keliher in Taipei TAIWAN'S Acer Group has entered into a US$B billion (5513.8 billion) alliance with IBM that involves a sevenyear deal in product purchases and
        533 words
      • Article, Illustration
        Lock icon British Steel to buy Hoogovens for 2.3b euros
        374 15 Merger will create Europe's 2nd-biggest steelmaker Bloomberg [LONDON] British Steel Pic agreed to buy Royal Hoogovens NV for about 2.32 billion euros (Ss4.l billion) in stock and assumed debt, creating Europe's second-largest steelmaker, the latest sign of consolidation in an industry that
        Bloomberg; REUTERS  -  374 words
      • Article
        Lock icon Samsung quitting auto business soon
        312 15 Reuters [SEOUL] Samsung Group said yesterday it would try to sell its commercial vehicle unit to AB Volvo as it seeks to finalise a deal to hand over its passenger car company to the Daewoo Group. The heads of the Samsung and Daewoo groups would
        Reuters  -  312 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Taiwan-led group close to taking 10% stake in Thai bank
        419 16 It's in talks with Bank of Ayndhya which will float lb new shares Reuters [BANGKOK] Bank of Ayudhya (BAY), Thailand's fifth largest commercial bank, is close to selling 10 per cent of its increased capital to a Tai-wan-led group of
        Reuters  -  419 words
      • Article, Illustration
        Lock icon Back to the plough
        79 16 [BEIJING] A farmer ploughing his farm using a traditional plough with a buffalo in the suburbs of Beijing during the weekend. China has recently launched an agriculture plan to ensure it can feed the world's most populous nation into the next century, when its population is
        AFP  -  79 words
      • Article
        Lock icon ABN Amro not interested in S'pore banks
        327 16 Asia CEO says hank doesn't take stakes, but majority control Reuters [SINGAPORE] Dutch banking giant ABN Amro is not interested in acquiring domestic banks in Singapore, its chief executive officer for Asia told Reuters yesterday. "We, as a group, are going to be
        Reuters  -  327 words
      • Article
        Lock icon Utah's leading banks to merge in US$5.9b deal
        268 16 First Security Corp, Zions Bancorp to create US'top 20th banking powerhouse Reuters [NEW YORK] Utah's leading bank First Security Corp on Sunday said it would buy the state's No 2 bank, Zions Bancorporation in a US$5.9 billion (5510.2 billion) stock deal that
        Reuters  -  268 words
      • Article
        Lock icon Goldman to sponsor Japan TV show
        184 16 FT [TOKYO] Goldman Sachs, the US investment bank, is hoping to arouse interest in Japan for US-style mutual funds by sponsoring a television show featuring glamoixms actresses who explain financial concepts in a fun way. The programme, called Mani Enjiru!—or Money Angel will be
        FT  -  184 words
      • Article
        Lock icon Futures close higher on late buying
        121 17  -  SSMELReports Larry Tee, Jardine Fleming THE MSCI Singapore Index surged to settle higher in late trading after the smooth progress in the Indonesian general election yesterday. The June Simsci futures contract opened at 269.5 points and traded to 272.8 points at the morning session
        121 words
      • Article
        Lock icon Futures surge on back of Acer-IBM tie-up
        170 17  -  MSGX Taiwan fatores Charlie Kuo Refco Singapore SIMEX MSCI Taiwan Stock Index futures soared yesterday on Acer Group's US$B bUlion (S$ 13.8 billion) partnership with IBM. Sentiments were also buoyed by Taiwan Semi-Con-ductor Manufacturing Company's record sales last month, which reassured many investors
        170 words
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        Lock icon Oil prices jump on renewed buying as Opec tightens output curbs
        361 17 BMSROY REPORT Reuters [LONDON] Oil prices leapt higher yesterday gaining some strength from renewed buying interest as Opec production figures showed the cartel improved adherence with pledged output cuts and kept supply tight in May. North Sea Brent blend
        Reuters  -  361 words
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        Lock icon CURRENCY REPORT
        324 17 Reuters, AFP London THE euro paused in its retreat to new lifetime lows against the US dollar and other currencies yesterday but was seen to be at risk of extending its losses. The currency came under renewed pressure after peace talks to end the war in the Balkans
        Reuters,; AFP  -  324 words
      • Article, Illustration
        Lock icon Untitled
        1186 17 mTBKBAWLCEOSgKATBS jun7 *> C$ —0 law to On HK$ Wbhm Yaw Won KM «$P*|» Nm S$ tmt Ur K tm Hm» W Australia 0.968 1178 0.639 4197 1252 5.104 ***** ***** 0.795 7.787 2.500 t231 34.104 24.991 1137 4.055 1015 ***** ***** 0.409 0W CaMda 1.033 1640 0.660 4334 1292
        1,186 words
      • Article
        Lock icon Untitled
        1740 17 8IC0M FUTURES Jun 7 IU68E* (Wwe de*| it SJOpw) RSS1 cwtsAg) CtOM VotWM Opm Month Mqk Low Sott (touts) krtftst Jul 99 105J0 700 Aug 99 107.50 375 Sop 99 110.50 275 0d/D«c 99 05.00 1500 Jan/Mar 00 119.75 Apr/Jun 00 123.25 SSS 3 CONTRACT (US cMbAO Vote* Open Moott
        1,740 words
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      Lock icon HONGKONG
      1347 18 AFP P Hang Seng +42L86 HONGKONG share prices surged 3.4 per cent in truncated trading yesterday on bar-gain-hunting sparked by a strong weekend performance by Wall Street, dealers said. "The market rose on Wall Street's rebound," said Michael Ng, deputy managing director at Sassoon Securities. The key Hang Seng
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      Lock icon CHINA
      534 18 Reuters PSheaihao Binder +SJ4 SHENZHEN'S hard currency B shares soared 6.63 per cent yesterday, powered by expectations that more market-boosting measures were in store after last week's bullish policy moves by Beijing. The B share index rose 5.54 points to 89.04 on turnover of HKSI73 million, compared with HK$l7B
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  534 words
    • Article
      Lock icon TAIPEI
      309 18 AFP Pwp Index *HX3> TAIWAN share prices rallied 2.1 per cent yesterday to reach this year's highest level on heavy buying of technology shares before they go exdividend, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 163.39 points to 7,802.69. Turnover also reached its highest level for
      AFP  -  309 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2159 18 Mwtriais JaoT fmmt *h 31 Group 7.09 -0.10 AbPpy Notional 13.43 0.01 A B Food s 4.61 0.06 A B Ports 2.B3 0.01 AHMOomacq -0.05 AIM Zurich 8.04 -0.02 Anglo American Gold 43.70 unch ASOA Group 1.83 0.01 Bank of Scotland 8.55 0.05 Barclays 18.59 0.05 Bass
      2,159 words
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      Lock icon TOKYO
      1594 18 AFP Q Nikkei 225 +ITOJ4 SHARE prices in Tokyo rose 1.1 per cent yesterday, with investors heartened by an advance on Wall Street at the weekend, brokers said. Investors chased high-tech and export-led issues in the morning, following a rally in New York's technology-heavy Nasdaq Composite Index on Friday,
      AFP  -  1,594 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Investors cautious as Indon polls get underway
        432 19 AFP, AFX-Asia n Composite Index -8.79 MALAYSIAN share prices ended 1.2 per cent lower yesterday as investors treaded cautiously amid Indonesia's first post-Suharto general elections, dealers said. The Kuala Lumpur Stock Exchange Composite Index finished at 731.01 points, down 8.79 points from Friday's
        AFP,; AFX-Asia  -  432 words
      • Article
        Lock icon Untitled
        8490 19 INDUSTRIALS Cmswmt products 1999 Last Vol Day Net Cap mg> Law Ce—any Sale ooo Wf» Law P/t UnM 380 255 AjinomotO 332 2 3 332 330 21.1 134.6 115 46 Angkasa 78 -6 114 82 78 115.0 293 220 Apollo Food Hlg 264 -4 2 264 260 9.2 105.6 204
        8,490 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Lock icon Acer stock is a better bet than the warrant
        189 20  -  WARRANT WATCH By Ven Sreenivasan THE stock and warrant of Taiwanese computer maker Acer Computer International surged to two-year highs yesterday following last week's signing of a US$B billion (5513.8 billion) deal with US computer giant IBM Corp. While the stock
        189 words
      • Article
        Lock icon CLOB INTERNATIONAL
        226 20 HONGKONG STOCKS b Gr "-Wk Lart Vat Day Last Ouott Otv Dtv YM Ntt M Cap Htpn Low Stno Company Sa>a COOP) Ht» Law Bvyw Satf Cw H P/C $m« ~365 173 5123 CDL <2000) HK MS 337.5 357.5 8 17 23 TL7 6679.8 5124 Cathay Pac 20c
        226 words
      • Article
        Lock icon Untitled
        2265 20 BONOS, LOANS S VARIANTS wt 52 Last Vol Day Last Ooota A»g High Law Stn« Company Sato ♦of- COOO) High Law Buyar Sailor Prtca #7 3 s 3160 -Acof W0T073TuSS 84.5 ist 135tO 87 38 84.5 85 57.5 4.5 > 3164 Acma ******4 46 *0.5 885 47 43 45.5 46
        2,265 words
      • Article
        Lock icon SYDNEY
        663 20 AFP Ff AHOrdimrieg *148 AUSTRALIAN shares closed up 0.5 per cent in extremely quiet trade yesterday as the market took its lead from weekend gains on Wall Street, brokers said. The All Ordinaries Index closed up 14.8 points at 2,944.10. The All Industrials Index lifted 24 points to 5,191.40
        AFP  -  663 words
      • Article, Illustration
        Lock icon BANGKOK
        871 20 AFP PjSgT Index *(178 THAI share prices gained 1.4 per cent yesterday led by finance stocks and second-lin-ers as strength in regional markets and an upturn on Wall Street buoyed sentiment, dealers said. Early trade was led by financial issues while secondliners took over in the afternoon. Hopes for
        AFP  -  871 words
      • Article
        Lock icon MANILA
        313 20 AFP HlturiU *48.41 PHILIPPINE share prices closed 2 per cent higher yesterday on a strong performance by index-lined issues and follow-through buying after a better-than-expected inflation figure for May, brokers said. The Philippine Stock Exchange Composite Index rose 48.41 points to close at 2,403.01. —AFP Magaworld Prop 2.16 uoch
        AFP  -  313 words
      • Article
        Lock icon SEOUL
        411 20 AFP FlComposite Index +4432 SOUTH Korean share prices surged 5.6 per cent yesterday on active buying by institutions which powered the market barometer to its highest level in almost three years, dealers said. The Korea Stock Exchange Composite Index closed up 44.82 points at 842.32, posting gains for the
        AFP  -  411 words
    • Article
      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      4831 21 Transaction date Jiui 7 «c or m an Laat Val Day Laat Qupta Mv Otv VM Mt C88 Avg Ml# Law StMa Cimpany Bala f000> Ml» L— 8»y«r Mw Cw W 9mi Wrtw MULTHNOUSTRY 147 17.5 m b 1000 Acma 50e 134 cd *1
      4,831 words
    • Article
      Lock icon SESDAQ
      823 21 ar y. <•<&, y c? a? '22 < >04* *ASAgt«10< 110 *1 7140 12) "4 no 11* IS N T 14 114 list IT* 2 i ifeiiissa-a s a a a .i a 'a: s h' 1, fecptfessr S'-S} W a» 8 81 f „i 8 t |004 ?i'*&
      823 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Lock icon Untitled
        342 22 StKll Vel—P Asia Food&Prop 41,224,000 PohUanWc 34,789,000 liM 50c 25,601,000 6ES Intl Ltd 20c 23,464,000 Hotunglnv N75 19,748,000 Serial Sys 10c *****,000 Uraco HWqsIOc 16,760,000 Acer 50c 16,124,000 Acer WtOI 13,510,000 Chosen Hldgs 10c 13,468,000 Stocks SPH 46,110,652 DBS Foreign 43,668,593 GES Intl Ltd 20c 40,028,260 0C8C Foreign 37,191,437 KepTatLee
        342 words
      • Article, Illustration
        Lock icon Shares regain ground as investors and finds return
        626 22  -  STOCK MARKET COMMENTARY Wall Street's strong Friday close and relatively smooth Indonesian polls give sentiment a boost By Ven Sreenivasan THE market started the week on a strong note with blue chips rebounding as value investors and funds reemerged after a three-week
        626 words
      • ON TOE GRAPEVINE
        • Article
          Lock icon HK, S'pore rivalry is media hype
          192 22 THE so-called rivalry between Hongkong and Singapore is very much a news item hyped up by the Western media, according to Senior Minister Lee Kuan Yew. Speaking in Hongkong on Sunday, Mr Lee warned against reading too much into such reports. "They (the Western
          192 words
        • Article
          Lock icon UBS Capital's stake in MK Electron
          114 22 ÜBS Capital, the private equity arm of the Swiss banking giant in Singapore, has acquired a substantial stake in MK Electron, a Sooth Korean producer of 90k! bonding wires and one ofthe top Ave in the world. The bank did not disclose the value
          114 words
        • Article
          Lock icon Lingering image
          87 22 THE image of An war Ibrahim was erased from many government publications in Malaysia after Prime Minister Mahathir Mohamad sacked him last September. First to go was the former deputy prime minister's official Web site. Naturally, Anwar, who has been jailed for corruption and is now facing charges
          87 words
        • Article
          Lock icon A new Sunrise shareholder?
          97 22 THE share price of Sunrise Bhd—a listed property developer currently controlled by Lee San Choon, the former leader of the Malaysian Chinese Association—surged yesterday on the Kuala Lumpur Stock Exchange on rumours of the emergence of a new shareholder. By midday, the counter had jumped 87
          97 words
      • Article, Illustration
        Lock icon HOT STOCK
        62 22  -  -By Wong Wei Kong ASIA Food Properties shares rose 9.5 US cents to U550,545 yesterday on a volume of 41.2 million shares, compared with its 10-day traded average of 16.6 million units. The counter has hit a new 52-week high and the technical readings provided by the RSI,
        62 words
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      476 14 8M SUMMIT HOLDINGS LIMITED Notice of Annual Qeneral Meeting Notica la harabyglvan that tha Annual GanaralMaating of tho Company wHlbahald at Tha Board Room, Summit Building, 45 UW Road I, Singapore4o6696 on 30 June 1999 at 10.30 am for tha foflowlngpurpoaaa: Am Ordinary Swlnh I. lb racalva and adopt tha
      476 words
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      Lock icon Page 14 Advertisements Column 2
      683 14 [notices' THE COMPANIES ACT, CHAPTER smSM moxfe) NOTICI Of RESOLUTION SING END PRIVATE LIMITED (tenMfty known as |tan Soot Stogapon PrtnhUdM) (la MeMher*' VMwiary UqaMntian) At an Extraordinary Oenarel NleefliM of Stnnand Private Liiruted (formerly known ai Henry Boot Singapore Private Limited) held M Banner Ctom HaUTsheffield Stl 9PD. Enaland
      683 words
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      446 15 Author of the international bestseller, You Can Win, published by Simon and Schuster. Hr IWhat past participant say: "The last 3 days were worth a Bfetferie ctf knowledge." ■T" 1' THE OBJECTIVE hrsJMKWlmmk This workshop aims to: discover the secret to why some "100% return on my investment individuals and
      446 words
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      Lock icon Page 15 Advertisements Column 2
      426 15 MiwiMnaioF TM CMMNM ACT; CAR M HTMUMTTW OF IhMfMMhMWM) li iftl I 111 MM M an Ednortwy Gtnat Untng of ta Com** (My oonMfw) and hM «ton ia B»i Bnch Ftotd *1F 01. Gaidar IliloMt Sngmon 19MS on MiMay IM, N tahMig iwofcaon «a d* P«a«*TitftN Company twwiM) 19 wkrtartji
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      Lock icon Page 15 Advertisements Column 3
      2238 15 I BONVESTS HOLDINGSLIMITED| I XJVw# < lncor P° r ated in the Republic of Singapore) I I NOTICE OF ANNUAL GENERAL MEETINfi I H NOTICE IS HEREBY GIVEN mat the Thirtieth Annual General Meeting of the Company wN be held at The Conference Room, 541 I H Orchard Road «16-00,
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      1271 16 I NOTICE OF MEETING OF BONDHOLDERS I GOLDTRON LIMITED I Trust Deed dated 7 April 1995 ("Trust Deed") I I Between I I the Company I I and HSBC Trustee (Singapore) Limited I ("the Trustee") I I constituting 5548,420,000 I I 6.75 per cent Convertible Bonds Dne 2000 I ("the
      1,271 words
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      Lock icon Page 16 Advertisements Column 2
      994 16 Wednesdays Money Matters by Larry Wee NOTICE IS HEREBY GIVEN that the 15th Annual General Meeting of Eltech Electronics Limited will be held at No lAng Mo Kio Street 64, Unit Kft-00 Maytnnk Centre, Singapore *****3, on Wednesday, the 30th day of June 1999 at 10.00 am. for the following
      994 words
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      44 18 jflßpC advertised in S°°d deal. J /Yup, we got i is going to be Straits I we ecause real nice! ~i V. chips.i {ft f offered'nthe" Buyinfi or selling throufih The Straits Times Classified is child's Play. e' *V", Call CAT.S. at 1800-737-1166. I
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      18 20 Money MattersU JDlcill What's moving, who's moving it, why HOCK LOCK SIEW Takes you behind the news TheßusinessTimes
      18 words
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      71 20 Tlie Jakarta and Wellington markets were closed yesterday wWRIy W Ml w mry FrMay i« Tkt Nmt Paptr Fastatfs FOStiXtS > Make mountains out of molehills. With so many fine educational and upgrading opportunities in The Straits Times Classified daily, it's no wonder our readers are inspired to scale the
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      35 21 Citibank Margin Trading Account Irade up to 2.5 tllllCS your share value or withdraw CASH Oil it. < .ill 339-7126 now. < I I I r W 1 I I I I i I s ,n| CITIBANiZZ
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      137 22 is your portfolio lagging the hot bull market? You need DBS investor Online! Get the Best. Call 438-1188 today. SDIISBANK With ud to You will never see red when I it comet to investing. Because 0/ now there's Maybank Share U /o Multiplier. By simply depositing y $10,000 (cash or
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MABKET
      314 23 Bridge News, Reuters THERE was talk that a couple of cargoes have been covered on the US Gulf to Japan Panamax gram route at the U5516.25-U5516.50 level, but confirmation was lacking. In the Pacific details surfaced of firmer rates being agreed for north Pacific round voyages, although the
      Bridge News,; Reuters  -  314 words
    • Article
      Lock icon MARITIME STOCKS
      264 23 J«I A$ 11 CWT Distribution U4 -O04 707 Chuen Hup 109 0.03 452 Cotco Invettmont UM 0.02 31* rreWltUnta 0J2 -0.01 5290 09 IfeMngt 0.76 undi 93 HaiStaiHup 0.81 0.01 679 IMC HoMngr-HK —5.60 undi 0 Jay* HaMbig* 0.90 0.02 1399 Juronq Shipyard 6.70 -0.15 236 KeppelCorp 4.94
      264 words
    • Article, Illustration
      Lock icon Evergreen to invest US$3b in cruise division
      440 23  -  Taiwan group eyeing all three major cruise markets Europe, US and Asia By] Marcus Hand [SINGAPORE] Diversified container shipping giant Evergreen Marine Corp is looking at a massive US$3 billion (555.16 billion) expansion into the cruise industry. The Taiwanese company is setting up
      FILE PHOTO  -  440 words
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      Lock icon South Korea's shipbuilding orders down 44% in May
      345 23 Falling slow pace of restructuring behind plunge in orders Bloomberg [SEOUL] Shipbuilders in South Korea, the world's second largest shipbuilding nation after Japan, saw their new orders drop 44 per cent in May from a year earlier, dragged down by falling demand
      Bloomberg  -  345 words
    • Article
      Lock icon Rating of Hang Port Management's note issue reaffirmed
      194 23 Bernama [KUALA LUMPUR] Rating Agency Malaysia Bhd (RAM) yesterday reviewed and reaffirmed the P2 rating of Klang Port Management Sdn Bhd (KPM)'s Murabahah underwritten notes issuance facility. The reaffirmation reflects KPM's robust earnings profile and strong balance sheet which had enabled the
      Bernama  -  194 words
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      Lock icon Go-ahead for airport Airtrain
      671 24 raw YORK OITT TRANSPORT Port Authority of New York and New Jersey wins project to connect Kennedy airport to city's mass transit system NYT [NEW YORK] IN its all-out campaign to win approval for a rail line linking Kennedy International Airport to local subways and trains,
      NYT; FILE PHOTO  -  671 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      206 24 PACE ECU Line 6 ACL 6 KL 4 MIL 3 Evergreen 6 Accord 6 FoongSon 8 Appenship 5 6 U"* 4 Austral 8 Genwrtrans 6 Balaji Shpg 4 Hangli 7 BSA 7 Hanfin 3 B'tang Mas 8 Heung-A 4 CCKI 7 1 CMA 8 tCFS 3 COSCO
      206 words
    • Article
      Lock icon SHIPPING GUIDE
      19673 31 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone E SMI Dest'n tame Nime Number Number SIN Dest'n Name Name Number tamber S 23/04 19/07 CSAW NORSULIPANEMA 08S IWH5755 23 To ABIDJAN (ABJ) 2003 Cot* D'lvoirt W<* n/m Kien Hung prosperity contain pctos
      19,673 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        479 35 Vessel Voy No Berth jnM Depart ur» Arfctis Morn 9905 J17 UcnquHt 06.06/1500 Arktism*ado« *****0 JI8 alongside 08.06/1200 CS V»li*nt 30A J22 alongside 08.06/1800 OorliM Olden 01 Jtl alongside 08.06/2100 Dwi Daya 03/99 J3 alonqside 08.06/0600 Huang Shan 9A J4/5 alongside 08.06/0300 Pandang II 5 36 J5 ilongSKtf
        479 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1827 35 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO BooMng/Balonco Rstls Ship Voy Mo Ett/Btr Ported Fro* To Fro« til UHltt 024A OO/BOO H 07/800 07/BS* 07/B00 07/800 07/BS* ormoo M imm MK a/uoo h ot/hoo or/Si ot/bw OT/BOO OT/BS* 07/1*00 U 07/1700 00/0*5* 00/0*0 a 07/1700 00/0*5* 00/0*00
        1,827 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        174 35 Inn 14 Australia: Queen's Birthday. Jim IS Hong Kong: Tuen Ng Day. Jn2B Finland: Midsummer Eve Holiday. Job 20 Indonesia: Mouloud Prophet's Birthday. Brun«.'Maulud. Finland: Midsummer Day Holiday. Job 30 Brunei: Half Year Bank Closing. Jail Canada: Canada Day. Jul 14 France: National Day. Jul IB Brunei: HM
        174 words
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        Lock icon COCKETT BUNKER MARKET REPORT
        807 35 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the Individual
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        Lock icon VERITAS BUNKER QUALITY REPORT
        451 35 Carta* MO Ma 990J tO W.7 0.10 75 O.Oi Jm) OMStty Motor ImMm Ait UmMm SltalK Ho ObOW £25 0 0 10 0 0 0 rrr" 390 Aw 986.9 03 U.1 0.06 38 0.0Z t Uw. 380 Mu 992.5 0.9 W.2 0.09 90 0.06 ■W1 %tA
        451 words
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        Lock icon Union Jack to fly high once again on BA tails
        523 36 Airline bringing back national flag to reflect importance of British market Reuters [LONDON] British Airways has decided to bring back the Union Jack. Two years ago, in a decision which former prime minister Margaret Thatcher described as "awful", the airline
        Reuters; FILE PHOTO  -  523 words
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        Lock icon Growth of Aussie car market slows
        343 36 AFP [SYDNEY] The Australian vehicle market showed the first signs of weakness in May before what is expected to be a significant slide in demand over the second half of the year, figures showed. The Federal Chamber of Automotive Industries said 65,756 new cars
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          Lock icon CAL asks for nod to buy 5 Boeings
          65 36 AFX-Asia [TAIPET] China Airlines (CAL) said it has submitted an application to buy five Boeing 737-800 passenger jets with the Ministry of Transportation and Communications' Civil Aeronautics Administration. "We will make firm enters from current options to Boeing upon receipt of government
          AFX-Asia  -  65 words
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          Lock icon Gulf Air's profits plunge
          74 36 Reuters {ABU DHABI] Bahrain-based airline Gulf Air's profits plunged 80 per cent in 1906 to USse.7 million (5516.66 million), the company's executive chairman told newspapers. Last September, Ahmed bin Saif Al-Nahayan announced that profits were expected to drop, but by 87 per cent, from US$4B million
          Reuters  -  74 words
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          Lock icon Consortium wins A$1b railway bid
          73 36 AFX-Asia {SYDNEY] The Asia Pacific Transport Consortium has won the bid to build a All billion (S|l. 12 billion) 1,400 km railway, linking Adelaide with Darwin via Alice Springs, Northern Territory Chief Minister Cenis Burke and South Australian premier John Olsen announced. The consortium includes
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        Lock icon MAS in joint venture to set up hotel in India
        239 36 Bernama [NEW DELHI] Malaysian Airline System (MAS) will collaborate with Taj Madras Flight Kitchen Pte Ltd of India to set up restaurants and hotels in Greater Bombay. MAS will have 50 per cent share in the equity of the joint
        Bernama  -  239 words
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        Lock icon AlliedSignal buys Honeywell for US$15.3b in stock, debt
        595 36 Companies expect to achieve cost savings ofUSssoom Bloomberg [MORRISTOWN, New Jersey] Allied Signal Inc, the No 1 seller of flight safety systems, agreed to buy Honeywell Inc for US$l5.3 billion (5526.3 billion) in stock and assumed debt, to reap cost savings and
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        Lock icon PAL to return B737 to lessor
        120 36 AFXAsia [MANILA] The Securities and Exchange Commission has approved Philippine Airlines' plan to redeliver one 8737-300 aircraft to lessor KG Aircraft Leasing Co Ltd, according to documents from the SEC. In a letter to the SEC, PAL said the move seeks "to reduce the
        AFX- Asia  -  120 words
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        Lock icon Star performers
        67 36 [SINGAPORE] Airline grouping the Star Alliance held its inaugural Star Awards Night in Singapore recently to honour its top performing travel agents. The top three agents for the year seen here are (from left): Francis Hsu, UOB Travel Planners; Pema Fernando, SAFE and Mansfield and Shirley Tee, American
        67 words
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        1789 36 OTY FU6HT ETA FU6HT ETD S***** 1605 $026 2355 «MM( 8A7361 1930 8A7382 2055 M7306 1615 IH779 2359 OfBI 1930 Qf82 2055 1815 ****** 2359 AN6229 2230 S***** 2359 IH6380 2230 Ftotl S0909 1530 S0990 0W5 »*29 2230 CMnQzHovntC $0803 1905 C23S4 0910 kmfarim KL643 0435
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  • Page 23 Advertisements
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      24 23 Go-ahead for New York airport's Airtrain Port Authority of NY/New Jersey wins project to link Kennedy airport to city's mass transit system. Page 2
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      433 23 JPMfjjt ir£Yr™n The Singapore Freight Forwarders Association (SFFA) will be holding a seminar entitled Your Business nHBf Before and After Y2K Legal Considerations. The course will focus on scenarios to elucidate the potential risks and liabilities as well as loss prevention associated with third-party logistics operators. v The presentation team
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      22 23 Union Jack toffy high once again on BA tails Airline bringing back national flag to reflect importance of British market. Back Page
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      763 24 [SUPER S«UTTL£ EXPRESS rasa vqtam m sm msa vor ia mm iam m km ax. pw sm OOaCMVOtNU 34W521 24/0$ i3/o* mvmso in TT^T NTKCASTOt 10W522 02/0* 20/04 2,1 24/05 2, 05 2,/#S "Z* s "Z* U/* OOQMMN 31W523 M/M 27/0* KOKMIOYBMMI 444 02/0* M/M 04/0* M/M 11/0* IS/M lf/M
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      731 24 Lines services represented by Members of the Registry of Accredited Shipping Agents. x.'l'.y Singapore Shipping Association Members of the Singapore Freight Forwarders Association ULY UNE MALE Ivissa voy 175 Tni eta t. KLAMG SPORE MAii Empress Lily V 0299 14/06 16/06 24/06 Princess Uly V 0799 30/06 02/07 11/07 1)
      731 words
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      1116 25 SAX SERVICE (DIRECT) rasa vor mm uu oak an hou 100 lan 1 man 1 m wrc AWSABBNTX 01 g W/0t 24/06 29/Qt 20/06 29/06 29/Qt 29/06 29/06 30/06 30/00 AftTOWWAIOI 0251 16/06 01/07 06/07 06/07 06/07 06/07 06/07 06/07 07/07 07/07 *IJM» 01g 23/06 00/07 13/07 13/07 13/07 13/07
      1,116 words
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      43 25 CONTAINER SERVICE S'PORE/JAKARTA/SEMARANG/SURABAYA VESSEUVOY SPOKE JAKARTA SEMAMNG SUNAIAYA PtRMAI *****-439 15/06 17/06 1&06 PtRMAII 0440-440 2206 24/06 2&06 PtRMAI *****-441 28/06 30/06 02A)7 PtRMAI 2 0034-034 11/06 15/06 PtRMAI 2 0035-035 IM6 22/06 PERMAI 2 0036-036 25/06 29/06 PtRMAI 2 0037-037 04*17 OM7
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      1983 25 OHANJIN SHIPPING iCFI -s*s *****30 HANJM SHIffMG PTI LTD hHp Uwm Imp cot 100(1 DC ********** SALES *****74 731 DOCUMENT *****71 774 OffUTIONS MAIN LINE *****55 FAX 7771W lIS34I3NMN TO NW USA A CANADA USA CANADA* "«va7wr imi an lmhal/vot sST nw ikm| »i on msi> —m —wi |■I M
      1,983 words
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      441 25 >csa wr sin ro tot sm m m usn wis K T C mmm 2ss jb/os oi/m tsw 02/04 04/04 01/04 10/04 n/at Mltumil W7S 04/ M 11/ M IVM 15/ M 14/ M I#■ 4 MCBMt wis 04/04 oi/m ww w/ot ivm ls/ot ii/oi H/ot provides LvL (OnSOIIQIITIOII TO
      441 words
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      1397 26 DSR-SCNATOR LINES TO UK/CONTP>JENT TO MEDITERRANEAN/CANADA m tfli nm am man onv ax vtssa voy >1* I |w |m |m Imi wam nm nm n paohcsinatob ww«e not Vm ad oi 07 b« 11*7 55 n m nM n a a 7 S£NATON wmn MO7 25 07 T1 07 MM
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      801 26 IftjLfl MAC-NELS S'PORE M'SIA I I**JV/ X-rJ QWMO» IRS""""J" 58U:(064)*****9 MAMLA:(632)*****24 PENANQ: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31)2*1660 P. KELANO: (W) *****77 JKT: (21) *****07 MOW: (61) *****3 KUCHWO <082)SSl* BOMBAY I MADRAS MV "DANU BHUM" V.042 MV "SINAR TIMUR" V.014 ETA SIN: 10-6-99 ETA SIN: 11-6-99 PORT KLANG
      801 words
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      501 26 LINE MUARA 1 lABUAM 1 vissa vot Fro n* vissa voi m m spoh mum spore lm ayuUUJWM VIX/W SAUD 11/* CAIAMJNJ32 VIX/W MUD 12/0* jnosra vis/w u/m u/m jpiosni vix/w u/m u/u CAtAAAJOJ? VI4I/W 11/Ot 21/ M CAJUMJR337 V1«/*f U/M 22/ M JNOSTB VI4I/W 23/ M 2t/M J FROSTS
      501 words
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      1474 27 {VESSEL VOY khh HKO I sin I PKG I PQB PXB pmm BA I BHT~ IRAN BAAKERt PCL-5105 02/06 04/06 08/06 09/06 18/06 19/06 20/06 22/06 24/06 IRAN BHAHRYAR PCL-5106 09/06 11/06 15/06 16/06 25/06 26/06 27/06 29/06 01/07 IRAN BAABAEI PCL-5107 16/06 18/06 22/06 23/06 02/07 03/07 04/07 06/07
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      1654 27 MUag to Mm ■PfcwN (We Mai) I in SHOnO* WAT TIL 22t IWO FAX; *****08 OUTWAJO (1/1) S?SySv.2!S32 SALES/KGS 420SSS7/60 INWARD OEPT (D/ 0) *****55 COSTAR AGENCIES (M) SDN BHD T/SHfMTK 4205,25 nh 02 735 S£U/o.s« 1L 1 L W W Htt r» ROB: ILS. EAST COAST/ISMH MJ »/<* ttWSS»4W7W
      1,654 words
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      508 27 pk CHINA SHIPPING (GROUP) COMPANY PH CHINA SHIPPING CONTAINER LINES CO., LTD. FAR EAST EUROPE FULL CONTAINER EXPRESS SERVICE^ WESTBOUND (FIXED WEEKLY SERVICES) VSt 1 VOY 1 XO CHW SMA HKO IS POMI NTM HAM FXT~ ASTHDSQMTE 2201- 3QHm QLho OAJun QUm ULhn_ 3QJun 01 kA 03J^ MOSB 9901 QfrJun
      508 words
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      29 27 ShippincTimes -^usinessCeintre Find out more about advertising that delivers your business facts through the fax. Your 24-hour round-the-clock instant info access centre to shipping services and products CALL: 740-2044
      29 words
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      1299 28 EUROPEAJK/SCANPiHAVIA/RHLAItO/BlllSlA SGP ROM ANW HOG IMP ZEE LMV LHV THP RDM AKW HBG PKL SGP 15/06 ***** Um M* l 86/97 07/07 ®®"7 E RACER RE 027 18*5 M/ 05 20/05 22*5 23*5 11/06 12/ M g 00-WOT RWOOB 08/07 14/07 11/07 12/07 13*7 14/07 I REPUTE RE 019 25/05
      1,299 words
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      1109 28 Ar P ADVANCE CONTAINER LINES (PTE) LTD m-■ I TEL: *****21. FAX: *****19. TELEX :RS ***** ACLPL fO« BOOKINGS PUASC CALL: *****22 SALES A MARKETING *****21-28 OPERATIONS: *****60 *****05 CR NO. **********0E IAWCKOK 7«.Wn/WM» JA*AKTA-(7t.lHM«,W*«*) VBSR IVOY MN HOC VESSR VQT I «N JKT KOtA RAINA (RAI/LCH) 8NA1 23 8/6
      1,109 words
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      517 28 NANTAI LINE J FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vessei vot mm pui m jm» 1 err |to mrouQusi VO3SS 13/04 21/06 2S/d* hm y»/p* 01/07 mHAIMAGO* T.014S 20/ M 29/Ot 03/07 OjD7 WO7~ mmiWIUS Y.O3SS 04/07 12/87 14/07 lt/D7 20/07 H^T GOIDEW DtA&OW TOI3S 13/07 7V07 27/07 30/87
      517 words
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      421 29 BSfl a. Mflk MYANMA wBBk FIVE STAR LINE (Myonnor National Um) Loading for Ynngon (Rangoon) VESSEL VOY SM PKI PIN PGU MAWUMYINE 84W IN PT SAGAING 60W 09/0* MALAYSIA AGENTS: IOUSTEAD SHIPPING AGENCIES KUL m (03) *****00 PKL- Til (03)37**101 PIIt TH (04)2****** PGU: TU (07) *****21/4 BANK LINE (A
      421 words
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      1220 29 HMNEHYUNDA^^ERCHANTJJJARINECO^TD^^^^^ vtssa W "aT sou w 1 itb aw "ham Hv" ~re~ Iwssa wr sou ibT" itb _ant_ ML J3L _fg_ THAMES 555W 10/0* 21/0* 03/07 30/06 01/07 «UAS 5291 21/05 22/05 15/05 18/05 09/06 MOSa 527W 11/0* 02/07 03/07 27/0* 27/0* API ALMANDM 30N 17/05 22/05 19/05 20/05 0/06
      1,220 words
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      1142 29 t r>or»«gon ipeaahed outocomen V* Qm°](S Wilhelmsen Unes TO NORTH AND LATIN AMERICA "*ORO HEAVYUFT SEKVKr [VESSEL VOY RAMP HEIGHT SIM LAX CKL MIA SAV BAL ORF NYC MW MOB TALABOT F912 4001 MS 6.3 M 11/06 "o*7oT 15/07 10/07 20/07 MTOT MTOT ~2570T 2970T *707~ TAMPIRE F913 400Tms 6.3«
      1,142 words
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      802 30 BANGKOK/ MAP TA PHUT/ LAEM CHABAMOI JAKARTA/PAN J A NO VESSEL VOY SIN BKK MTP LCH VESSEL VOY I SIN JKT PJN AWAWBHUM 118N IN PT 12/06 11/Q6 ANRO QOWA' 066 In PI 12/06~ NANTA BHUM** 449N 09/06 12/06 13/06 GURU BHUM 132S 09/06 13/06 KOTA HARTA HTAO36 10/08 13/06
      802 words
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      416 30 INDONESIA NATIONAL LINE TO AUSTRALIA "1 FUUL COHPUNBI <OyCC va Ivor! m J1 m m m. tm, m|« m—mn *****0/OOH/M aHMMMMB w|i7/»lyii v/% w/w tswm/vu/v W»MW lusltt/MtO/M V/V m/v 11/17 11/17 MBTMIfg iMsloi/yM/l/ill/vl |lt/»7[n/l7|n/07|ts/>7l FEEDER SERVICE TO INDONESIA va vvt m mumu mmm nuuw MAUSSM CJOJI 7709/N 11/04 M/M 17/0*
      416 words
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      620 30 VESSELS VOY SIN PKL JED Ml a LFH dtu um wyt vme de mmcka row urns im>6 aw 29x06 04*17 ot/m 07/07 oam 10*77 VU-E DE TANYA T32W 22/06 W/07 06*17 11/07 13*77 14*17 1«07 17/07 V-LE PE TAURUS A32W 2*06 2W OMI7 ~iasT~ ~2507 Sot SSoT" V±E P'AOOARIUS U32W
      620 words
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      45 31 INTRODUCING OUR NEW FAR EAST USA TRANSPACIFIC EUROPE SERVICE Turn To Pg 6 FULL CONTAINER (EVERY mon/WED/FRO EXPRESS SERVICE MSC Ltd Turn To Pg 5 For Service From PASIR GUDANG/ SINGAPORE MIDDLE EAST/VIETNAM China Shipping (S) See Agencies Pte Ltd JH CONTAINER UNE Pg 4
      45 words
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      44 33 (Retrieve more schedules!) s Press*!" JCV Select the port and key in the four digit code eg: To New York (NYC) 2275 S j£) Key in your fax number I your phone number Aoothar Innovative service offered by The document Will be SHIPPING TIMES
      44 words
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  • Page 35 Miscellaneous
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      125 35 LEGEND: R Thunderstorm Temperature c X\ y Shower Weother Wind drection with speed in knots Ron Cloudy Sky Wow# h "fl hf Serfoce winds ere mdfceted by arrows wfcich witfi Hie wind 0 Or* M circle represents calm or light and vonoble winds On. half fleche represents 5 knots L—
      125 words
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