The Business Times, 24 June 1999

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Total Pages: 38
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 THE BUSINESS TIMES MIT A (P) 04H/12/9S 85c SINGAPORE internet: nTHU: hßsmhws-times.asla 1 .com sg. THURSDAY, JUNE 24, 1999
    19 words
  • Article
    Lock icon MARKET SUMMARY
    66 1 sn 2167.47 (+44.24) BT-SKI 832.13 (+16.28) SIMSOT FUTURES ***** (+4.10) U MLABEET MOOD: VTOCX HABKET INDICES Wednesday Change KLSE COMP 794.83 1.40 NIKKEI 17/586.75 -190.87 HANO SENG 13j97«.04 -2&84 SET INDEX 540.99 -4.92 JAKARTA COMP __700*7 -10.01 MANILA COMP -7.«9 TAIPEI WPI 8.4K1S -11*69 SEOUL COMP 888.CS +1I6«
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  • Article
    Lock icon FINANCE
    45 1 Priae rues have beea Md over FOBEX BATES Ls uss sj USS 1.703 £fl'8S/S$ per 1588 1703 KURO(US$/S$ per E) 1032 1.757 DM- 1.895 0.898 YEN 1210 1,196 RM 3.800 0.448 HK$ 7.758 0119 BAHT 96.71 0.046 Rl'PlAH 6,725 0.025 •St to 100 unto
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  • Article, Illustration
    Lock icon STI hits new record high: 2167
    806 1  -  Institutional funds moving in on blue chips and property stocks By] R Sivanithy [SINGAPORE] A sudden return of institutional money into mainly property stocks yesterday sent the Straits Times Index soaring 44.24 points to a new all-time high of 2,167.47, surpassing its previous high
    806 words
  • Article
    Lock icon Whopping US$6b from US set to flood global funds this month
    693 1  -  Amount is almost as much as for whole of last year From. Meera Tharmaratnam in Hongkong ATTRACTED by soaring returns in Asian and Latin American markets, investors in the US are on course to put as much money into
    693 words
  • Article
    Lock icon Six-month SES volume outstrips total for 1998
    825 1  -  Bnt value is a shade lower at $95b against $98.6b due to focus on small caps By Ven Sreenivasan (SINGAPORE] The year has yet to reach the halfway point, but total turnover on the Stock Exchange of Singapore has already exceeded that for
    825 words
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      Lock icon Page 1 Advertisements Column 1
      232 1 govt-owned Temasek, a holding company for the government's investments, celebrates its 25th anniversary tomorrow. In an interview, its chairman and former minister S Dhanabalan tells why Temasek has become "a little more proactive" in its dealings with its stable of companies, which includes SIA, Singapore Technologies, Keppel Con) and SembCorp
      232 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon M1 sees sales doubling, subscribers growing 45%
      532 2  -  COMMUNICASXA99 It's also in talks with int'l, local firms to develop content accessible by using an Ml phone By Catherine Ong MOBILEONE, Singapore's second mobile phone operator, expects sales to double to $400 million this year from last year and the number of
      532 words
    • Article, Illustration
      Lock icon Marconi to sell telecoms transmissions
      391 2 THE General Electric group of the UK has switched from selling refrigerators in Singapore to selling telecoms transmissions. Its newly-restructured unit, Marconi Communications, said yesterday it has set up a regional centre in Singapore to tap the Asean market. Marconi Communications Singapore Pte Ltd will
      SIEW YAW HOONG  -  391 words
    • Article
      Lock icon Taiwan seen as best Asia-Pac mobile phone market
      233 2  -  By' Teh Hooi Ling TAIWAN is the best Asia-Pa-cific market to be in for a mobile phone operator, according to Paribas Asia's regional telecoms analyst Neil Juggins. The island came out most favourable in the overall assessment of subscriber growth, future competitive
      233 words
    • ON THE SIDELINES
      • Article
        Lock icon Lucent lets journalists loose
        60 2 THE medal for best media smoocher goes to Lucent Technologies. The US-based IT giant flew in 45 journalists from eight Asia-Pacific countries for its own conferences coinciding with CommunicAsia. This pack of hacks was conspicuous because they tended to suddenly converge on certain booths or the
        60 words
      • Article
        Lock icon Chips and other attractions
        85 2 MANY exhibitors are using run-of-the-mill freebies such as ballpoint pens and stick-it pads to attract visitors to their booths. Others are more aggressive. They have hired attractive young women, some clad in sequinned, skin-tight costumes, to hand out brochures and purr "would you like to sit
        85 words
      • Article
        Lock icon Golden opportunity
        46 2 THE carpark at the Singapore Expo is a big captive market for advertisers. It can accommodate up to 2,000 cars and yesterday, the enterprising Golden Beach Seafood restaurant in the Upper East Coast was quick to insert its publicity leaflets under many windscreen wipers.
        46 words
      • Article
        Lock icon Selling an experience
        87 2 STARHUB, which will launch its fixed-line and mobile phone network in Singapore on April 1,2000, is a daily wonder at CommunicAsia. Among the 866 exhibitors, it is probably the only one with no product or service to sell. Yet every day, it packs in the crowds. So
        87 words
      • Article
        Lock icon No shrinking violet
        81 2 OVERHEARD: two visitors in an animated discussion on the travails of buying URA-HDB carpark coupons at the Singapore Expo grounds. One complained that the convenience store at the Expo had run out of coupons. The other whined that a petrol bunk near the Expo area had only
        81 words
    • Article
      Lock icon Export pace still uncertain: EDB's Yeo
      248 2 Reuters IT was too early to tell if Singapore's sharp rise in non-oil domestic exports was sustainable, Philip Yeo, chairman of the Economic Development Board (EDB), said yesterday. But Mr Yeo said manufacturing sector growth of 4 to 5 per cent in 1999 would
      Reuters  -  248 words
    • Article
      Lock icon Water to cost more from July 1
      217 2 THE next scheduled hikes in water tariffs and conservation tax will come into effect on July 1, and domestic users can expect to pay an average 23 per cent more. A press statement by the Public Utilities Board (PUB) yesterday showed that including
      217 words
    • Article
      Lock icon Lucent sets up Asia-Pac training and support centres in S'pore
      214 2  -  Training centre is US giant's first in the region By Raju Chellam US-BASED communications giant Lucent Technologies yesterday inaugurated its US$lB million ($30.8 million) Asia-Pacific Training and Education Centre (Aptec) and Customer Technical Support Centre (CTS) in Singapore. Aptec is
      214 words
    • Article, Illustration
      Lock icon A crowd pleaser
      33 2 With so many exhibitors competing for attention, Motorola yesterday came up with an innovative way to draw crowds to its booth through lively music and energetic dancers. SIEW YAW HOONG
      SIEW YAW HOONG  -  33 words
    • Article
      Lock icon CyberWay becomes AOL roaming point
      215 2  -  By 1 Toh Han Shih IN a boost for Singapore as an international Internet hub, local Internet service provider (ISP) CyberWay will be the roaming access point for giant US ISP America Online (AOL). AOL users, when they are in Singapore, will be able to
      215 words
    • Article
      Lock icon Mah Bow Tan, TAS top telecoms poll
      188 2 MAH Bow Tan was voted best communications minister and the Telecommunications Authority of Singapore (TAS) best regulator by readers of a Hongkong-based trade magazine. The poll, conducted between March and May by Telecom Asia, received a total of 700 eligible votes among the
      188 words
    • Article, Illustration
      Lock icon May CPI reverses downtrend
      327 2  -  EYE ON THE ECONOMY CPI By. Audrey Tan CONSUMER prices rose for the first time in a year in May, as the economic recovery put an end to last year's deflationary cycle. Figures released yesterday by the Department of Statistics show that the Consumer Price Index
      Source: Dept of Statistics  -  327 words
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  • MARKETS FOCUS
    • Article
      Lock icon Changing fortunes
      465 3 STI component stocks The blue-chip Straits Times Index hit a new all-time high of 2,167.47 points yesterday, erasing the previous record set on Feb 5,1996. But not all the 62 STI component stocks managed to regain their former glory, as evidenced from the following table. PRICE JUN23 I
      465 words
    • Article
      Lock icon Allow no-load unit trusts here
      375 3  -  MAILBAG George Lim Singapore I REFER to your article, "Let the pros manage your money" (BT, June 18), and would like to make the following comments: The author appears to be of the view that one of the best ways to invest your money is
      375 words
    • Article
      Lock icon Should SES cut settlement time?
      119 3  -  Andy Tan via Internet Singapore WITH the bullishness of the stock market, the volume of transactions on the stock exchange has escalated tremendously. Recently, I noticed that receipts from my share sales have been delayed for more than one week, although I have to make
      119 words
    • Article, Illustration
      Lock icon Sesdaq stocks jump 2.3% to new high
      508 3  -  Biggest mover is Amara, accounting for 28% of the UOB Sesdaq Index's gains tiH Wong Wei Kong [SINGAPORE) Sesdaq stocks rallied strongly yesterday, powering the UOB Sesdaq Index up 2.3 per cent, or 3.97 points, to close at an ali-time high of 176.08
      Source: Bloomberg  -  508 words
    • Article
      Lock icon Laggard property stocks surge 5.2%
      474 3  -  Counters up on hopes of bull run continuing traders By 1 David Boey [SINGAPORE) Property stocks raced ahead yesterday, cheered on by stronger second quarter growth projections from economists and punters' views that property counters had lagged the ongoing bull run. The 22-stock SES Property
      474 words
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      Lock icon Page 3 Advertisements Column 1
      51 3 O O I" MONT BLANC STAINLESS style The new Montblanc Stainless Steel Collection: I Meisterstiick Solitaire Fountain Pen 1 and Meisterstiick Dual Time Steel. Montblanc Boutiques Writi«{ Instruments Wotches lialktr Jtwtlltry Montblanc Boutiques Singapore: Ngee Ann City #01-32, Raffles City *01-37 A, Paragon #01-18 Corner: Watch Palace Service Centre: Paragon
      51 words
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  • ASIA ON THE MEND
    • Article, Illustration
      Lock icon M'sia set to exceed 1% GDP growth target: Bank Negara
      613 4  -  Weak Jan numbers drag Q1 to -1.3%; changes in base year and method of calculation From 1 Diana Oon Abdullah in Kiuiln Lumpur MALAYSIA is set to comfortably achieve and surpass the 1 per cent gross domestic product growth target
      AFP  -  613 words
    • Article
      Lock icon Indon stability key factor in Asia's economic revival
      510 4  -  GIG: Global fnnds concerned about political situation FYom Neil Behrmann in London ASIAN economies and stock markets would attract more global funds if there is political stability in Indonesia, an official of the Government of Singapore Investment Corporation told a conference here.
      510 words
    • Article
      Lock icon Thai cultural factors slow bank reforms: Moody's
      554 4  -  It faults the cosy relationship between banks, big borrowers Front Harish Mehta in Bangkok COSY relations between Thai commercial banks and their large borrowers and the culture of "favours" have made it difficult for the banks to take a tough stand against borrowers
      554 words
    • Article, Illustration
      Lock icon Bullish foreign investors see Nikkei hitting 19,000
      478 4 AFP [TOKYO] Foreign investors are tearing up their gloomy predictions for the Japanese economy and pouring money into Tokyo's stockmarket. Encouraged by surprisingly strong first-quarter growth figures and a quick fall in the value of the yen, Tokyo's stockmarket has climbed to its
      AFP; Source: Bloomberg  -  478 words
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      338 4 /MERGERS Gl ACQUISITIONS] V CONFERENCE JwtJA JULY S3, 1 339 BiZ99 In conjunction with The Corporate Biz 99 The Corporate Business Solutions Exhibition Business Solutions July 22-24, World Trade Centre, Singapore Exhibition or* Cotifrrtnct (Full conference schedule on: www.biz99.com.sg) ESCSSI KfffffM Bill Nuti (Cisco Systems) The Mega Mergers: Experiences, Wolfram
      338 words
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      Lock icon Page 4 Advertisements Column 2
      170 4 dSi Ex&cutiA/e/Set Lunch/ Appetiser or Soup of the Day, Choice of 7 Main Courses, Coffee or Tea From 518.90 522.90 (PROMO ENDS 31 JULY 99) Where can you 50 for The most lender and succulent steak Prepared personally by George, one of Melbourne's lop chefs Amidsl a rustic ambience? LTL
      170 words
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  • SOUTH-EAST ASIA
    • NOTE Book
      • Article
        Lock icon Bank Central Asia to go public
        73 5 Reuters [JAKARTA] The Indonesian Bank Restructuring Agency (IBRA) yesterday said that Bank Central Asia (BCA) would go public next year. "So many foreign investors are interested in BCA, so the government decided that BCA is going to go public next year," IBRA chief Glenn
        Reuters  -  73 words
      • Article
        Lock icon 50b baht bond issue by housing agencies
        90 5 Bridge News [BANGKOK] The Thai Government Housing Bank and Secondary Mortgage Corp will together offer institutional investors three-year bonds worth 50 billion baht (552.3 billion) next month, said SMC managing director Surapon Kwanjaitanya. The coupon rate hasn't been finalised, but it is expected
        Bridge News  -  90 words
      • Article
        Lock icon Thai coalition rift over reshuffle
        77 5 AFP [BANGKOK] The leader of a party in Thailand's ruling coalition resigned yesterday as a split opened up in party ranks over a looming cabinet reshuffle. Social Action Party leader Suwit Khunkitti said he was stepping down because of a conflict in the party over
        AFP  -  77 words
      • Article
        Lock icon Jakarta ups overseas call access fee
        75 5 Bloomberg [JAKARTA] Indonesia raised interconnection tariffs between domestic and international telephone networks by up to 70 per cent, which will bring in more revenue to domestic operator Telekomunikasi Indonesia. The increase has been backdated from Dec 1 and raises the access fee charged for
        Bloomberg  -  75 words
      • Article
        Lock icon New Thai bourse chief may be insider
        66 5 Bloomberg [BANGKOK] Thailand's stock exchange is likely to reach into its own ranks to replace Singh Tangtatswas, who stepped down as president last week to head Krung Thai Bank. Heading the short list is Surat Palalikit, a 10-year veteran who has been executive
        Bloomberg  -  66 words
    • Article
      Lock icon Eight foreigners questioned in Perwaja Steel case
      248 5 IPOH Anti-graft agency chief says probe into losses will continue Bernama THE Anti-Corruption Agency has questioned eight foreigners in its probe into alleged irregularities in Perwaja Steel, ACA director-general Ahmad Zaki Husin said yesterday. He said the investigations in connection with the steel
      Bernama  -  248 words
    • Article, Illustration
      Lock icon Bodywork launches first M'sian store, moving into US market
      507 5  -  SINGAPORE By Rahita Elias HOMEGROWN fashion house Bodywork Concepts, which distributes Bods and Bodynits, has launched its first store in Malaysia and is gearing up for its move into the US market. Managing director Sim Menjin told BT that the new
      FILE PHOTO  -  507 words
    • Article, Illustration
      Lock icon Tourism industry fights to revive torn Indon image
      406 5 NUSA DUA, Indonesia Widespread outbreaks of violence have sent tourist arrivals plunging AFP INDONESIAN tourism officials have lured travel agents from around the world to the resort island of Bali in a bid to resurrect the country's battered international image. A year
      AFP; FILE PHOTO  -  406 words
    • Article
      Lock icon Thai asset sale sign of returning confidence?
      142 5 BANGKOK AFP THAI authorities yesterday hailed the latest auction of assets from closed finance companies as a sign of returning consumer confidence, even though lots put on the block fetched less than half their original value. The auction of golf club memberships, computers,
      AFP  -  142 words
    • Article
      Lock icon M'sia's election body ready for polls
      184 5 KUALA LUMPUR Reuters MALAYSIA'S Election Commission said yesterday it was ready to conduct general elections at any time and promised fair and free polls. "There's no problem. We are prepared," the commission's new chairman Omar Hashim told a news conference. "The commission will be
      Reuters  -  184 words
    • Article
      Lock icon Private eyes to be hired to hunt for Suharto wealth
      511 5 JAKARTA Govt to choose from 10 firms this week, says justice minister AFP INDONESIAN authorities are calling in a firm of private detectives in the search for the alleged wealth stashed abroad by former president Suharto, reports said here yesterday.
      AFP  -  511 words
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      Lock icon Page 5 Advertisements Column 1
      268 5 H- v AWirflP t 'sine I I i i-One o Net International Ltd (incorporated in the Republic of Singapore on 23 April 1999) INITIAL PUBLIC SHARE OFFER OF 160.16 MILLION ORDINARY SHARES OF 550.05 EACH COMPRISING 132,000,000 NEW SHARES AND 28,160,000 VENDOR SHARES AS FOLLOWS: (1) 35,640,000 Offer Shares at
      268 words
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      Lock icon Page 6 Advertisements Column 1
      397 6 Whiteßox. Discover What's Inside. TM Whiteßox is a refreshing new brand of computers for home, office and people on the move. Packed with quality components, value-added features and the latest technologies. Backed by excellent after-sales support and training by Primefield and Landmark Technologies. Come discover what Whiteßox can offer you
      397 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon China's 1998 financial account: US$6.3b deficit
      452 7 BEIJING Investors and bankers cnt their exposure on yuan devaluation fears Bloomberg CHINA'S financial account surplus turned to a deficit in 1998 as bankers and investors, rattled by fears of devaluation and the fragility of the country's financial system, cut their exposure. The financial
      Bloomberg  -  452 words
    • Article, Illustration
      Lock icon Bullish market but poor fundamentals
      271 7 SHANGHAI AFP CHINA has successfully manufactured a record stockmarket upswing, but analysts here are sceptical about bullish shares' potential to produce the likely desired effect: a more bullish economy. The Shanghai Stock Exchange's domestic A share Index on Tuesday set a new all-time high, shattering
      AFP; Source: Bloomberg  -  271 words
    • Article, Illustration
      Lock icon Packed like sardines
      61 7 [HONGKONG] Hundreds of fishing boats yesterday idling in Hongkong's Aberdeen Harbour as Chinese authorities enforced a two-month ban on fishing in the South China Sea. The ban, which began on June 1, has more than doubled the number of fishing boats in Hongkong's sheltered harbours, exacerbating poor
      AFP  -  61 words
    • Article
      Lock icon Home loan war unhealthy: HSBC
      471 7  -  Warning comes as rates go below prime; HKMA stands aloof From Meera Tharmaratnam in Hongkong HONGKONG'S biggest bank HSBC waded into the territory's mortgage loan war, warning of systemic risk if there was no let-up but the Hong Kong Monetary Authority said it would take
      471 words
    • Article
      Lock icon Analysts in Taiwan still see Y2K bonanza for PC makers
      388 7 TAIPEI Output is brisk, but some donbt links to millennium menace Reuters A FEW years ago, Taiwan's exporters took a giddily contrary view of the still-distant millennium menace that doomsayers warned would disable computers worldwide on January 1,2000. After all,
      Reuters  -  388 words
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      Lock icon Page 7 Advertisements Column 1
      395 7 If you're looking for a well constructed portfolio then t _property may be the answer. f tto,v ««1 nrae property compares are teeny on rewards of the property market without the rusks of stockmartets of Europe representing a powerlU vwessmenc direct property nvestment y- —proposawn hate arty to took at
      395 words
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  • ASIA
    • Article, Illustration
      Lock icon Korea plans to force won down to 1,200
      490 8 TAXING THE FOREX MANAGEMENT ROUTE Govt taking stronger steps in second half to stabilise the nnit, says minister Bloomberg [SEOUL] South Korea's top economic policy maker said the government will push down its currency, the won, to about 1,200 against the US
      Bloomberg  -  490 words
    • Article
      Lock icon Yen near month's low after Japan's warning
      427 8 LONDON Bloomberg THE yen hovered near a onemonth low against the US dollar and declined against the euro after Japan's top currency official said Japan will keep selling its currency to keep the nation's economic recovery on track. "We will take decisive action
      Bloomberg  -  427 words
    • Article, Illustration
      Lock icon More than just livestock trading
      81 8 [LHASA, Tibet] A Tibetan woman, carrying her baby in a traditional basket, yesterday monitoring share prices at the Lhasa Securities Company in the capital city of Tibet. The Lhasa Securities Company, opened in 1994, is the only place in Tibet where investors can buy and
      REUTERS  -  81 words
    • Article
      Lock icon Sex toy Web site to list on Australian exchange
      203 8 SYDNEY Reuters A SMALL Australian mining company, tied down by falling gold prices, is to relist tomorrow as the country's first online purveyor of sex toys to trade on the local market. "Most people understand that Internet ventures will make money
      Reuters  -  203 words
    • Article
      Lock icon Texas' Lone Star buys 1t won worth of Korean bad debts
      422 8 SEOUL Mammoth sale seen as sign of foreign confidence in Korea Bloomberg LONE Star Fund LP, a Texasbased investment partnership, bought 1.04 trillion won (Ssl.s billion) of South Korean bad loans, in the country's biggest single sale of bad
      Bloomberg  -  422 words
    • Article
      Lock icon Japanese regional bank to ask for public funds: reports
      452 8 TOKYO Govt audit found NPLs of regional banks to be 11.6% more than estimated AFP, Bloomberg ONE of Japan's top 10 regional banks, Ashikaga Bank Ltd. plans to ask for an injection of public funds to shore up its battered capital,
      AFP,; Bloomberg  -  452 words
    • Article
      Lock icon Telstra ties up with US satellite provider SkyBridge
      179 8 MELBOURNE Bloomberg TELSTRA Corp, Australia's No 1 telecommunications company, said its entered a joint venture with closely held US-based satellite provider Skyßridge LP, which could involve Telstra taking a stake in its Australian and South-east Asian operations. Melbourne-based Telstra said its signed
      Bloomberg  -  179 words
    • ASIA Notes
      • Article
        Lock icon Kim Young Sam's son jailed for bribery
        89 8 AFP [SEOUL] A of former South Korean president Kim Young Sam was yesterday sentenced to two years in prison for bribery and tax evasion. The Seoul Appeals Court also slapped Kim Hyun Chul with 1.05 billion won (Ssl.s million) in fines and he
        AFP  -  89 words
      • Article
        Lock icon Rupee weakens on Kashmir concerns
        101 8 Bloomberg [BOMBAY] The Indian rupee weakened on concern the conflict in the northern Indian state of Jammu and Kashmir may escalate as both India and Pakistan appear unwilling to resolve the crisis. The rupee weakened 0.2 per cent to 43.26 against the US dollar in
        Bloomberg  -  101 words
      • Article
        Lock icon Firm with LTCB link goes bankrupt
        85 8 AFP [TOKYO] A Japanese finance firm linked to the collapsed Long-Term Credit Bank of Japan went bankrupt yesterday with 141.1 billion yen (551.96 billion) in debts, a private credit research firm said. A Tokyo court declared Hirakawacho Finance Corp, which was launched in 1994
        AFP  -  85 words
      • Article
        Lock icon Indian firm wins KL railway barter deal
        78 8 AFP [NEW DELHI] India's state-run railway construction firm Ircon International has secured a US$l24 million (*****.8 million) project in Malaysia and agreed to accept payment in palm oil, officials said yesterday. It is India's first barter deal involving a construction project abroad, they
        AFP  -  78 words
      • Article
        Lock icon Japan brokers warned of shady deals
        94 8 AFP [TOKYO] Japan's Securities Dealers Association yesterday said it will warn the country's top brokerage firms over shady bond deals, used to offset clients' loss. The association will issue a warning to 23 securities firms including Nomura Securities and Nikko Securities. It is concerned
        AFP  -  94 words
    • Article
      Lock icon Rubin expects inflation to stay low due to tough competition
      371 9 WASHINGTON He says competition preventing companies from raising prices Reuters OUTGOING US Treasury Secretary Robert Rubin, in an interview with USA Today published yesterday, downplayed fears in financial markets that inflation is poised to pick up. Mr Rubin called the
      Reuters  -  371 words
    • Article
      Lock icon US report sees 3 rate hikes of 25 bps each
      577 9 SAN FRANCISCO It says Fed can't expect another Asian crisis or strong US$ to check inflation Reuters THE US Federal Reserve will raise interest rates three-quarters of a percentage point over the next six months to check a growing risk
      Reuters  -  577 words
    • Article
      Lock icon Germany to cut spending and taxes
      393 9 BONN Bloomberg THE German government approved spending cuts worth 30 billion deutsche marks (Ss27 billion), the biggest reduction since World War 11, clearing the way for corporate tax cuts designed to boost hiring and economic growth. The cuts, equal to 1.5 per cent of
      Bloomberg  -  393 words
    • WORLD Watch
      • Article
        Lock icon Sterling down to 2-year low
        77 9 Bloomberg [LONDON] The British pound fell yesterday to its lowest level against the US dollar in almost two years after minutes from the Bank of England's late meeting showed the rate-setting committee voted 8-1 to cut its benchmark interest rate by a quarter-point. The MPC
        Bloomberg  -  77 words
      • Article
        Lock icon Dioxin food probe spreads to Spain
        68 9 Reuters [BRUSSELS] Europe's food scare over dioxin contamination spread to Spain as it emerged yesterday that the Belgian firm at the centre of a probe into the source of the poisoning had also exported products. Europe's Farm Commissioner Franz Fischler received a letter yesterday
        Reuters  -  68 words
      • Article
        Lock icon France seeks curbs on offshore centres
        44 9 Reuters [PARIS] France called yesterday for a crackdown on offshore financial centres, saying that most of the world's hot money went through them and pointed the finger at Antigua, Barbuda, the Cayman Islands and the Marshall Islands. Reuters
        Reuters  -  44 words
      • Article
        Lock icon Russian partial payment sought
        54 9 Bloomberg [LONDON] US investors want a partial payment as a good faith gesture from Russia as Finance Minister Mikhail Kasyanov arrives in New York seeking approval to delay an US$B5O million (Ssl.4 billion) payment on Soviet-era debts. Mr Kasyanov met yesterday and will meet today with
        Bloomberg  -  54 words
    • Article
      Lock icon Summers reaffirms stand on strong US$
      212 9 WASHINGTON Reuters US Treasury Secretary-desig-nate Lawrence Summers told the Senate Finance Committee that a strong dollar was in the national interest of the US. according to documents released on Tuesday. In written answers to questions by senators following his June 17 nomination hearing. Mr
      Reuters  -  212 words
    • Article, Illustration
      Lock icon White House manages to get Senate to block proposed steel quota bill
      578 9  -  BilTsopponents can now go for alternatives to deal with steel imports From Leon Hadar in Washington THE bill would have restricted imports to 20 per cent of the US market, limiting them to 1997 levels. It could otherwise
      FILE PHOTO  -  578 words
    • Article
      Lock icon BMW gets £152m UK govt aid to save Rover
      498 9 LONDON In return, German carmaker pledges to pump in 30b marks over five years Bloomberg BAYERISCHE Motoren Werke AG, Germany's thirdlargest carmaker, said it will receive £152 million (Ss4lo million) in aid from the British government as it works to return
      Bloomberg  -  498 words
    • Article
      Lock icon UK current account deficit points to worse trade woes
      421 9 LONDON Reuters NEWS yesterday that Britain, with its strong pound, had recorded its worst current account deficit for almost four years added to the gloom which surrounds the country's trading performance. The Office for National Statistics (ONS) said the deficit on
      Reuters  -  421 words
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      367 words
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      Lock icon Page 9 Advertisements Column 2
      55 9 Mortgagee's Sale by Tender Freehold Industrial Building At 38/38 A Jalan Pemimpin 2-storey factory with adjoining 8-storey flatted factory Prominently located off Marymount Road Site area approx 44,520 sq ft Total strata area approx 75,961 sq ft Zoned "Light Industry" with plot ratio of 2.5 Selling with existing tenancies Tender
      55 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon With Obuchi, Asia is finally heard in G-8
      644 10  -  BOTTOM LINE OPINION By Shada Islam The writer is a Brussels-based journalist who contributes to BT RUSSIAN President Boris Yeltsin was the uncontested star at the Group of Eight (G-8) summit in Cologne last weekend, dominating the forum with his promises of
      644 words
    • Article
      Lock icon IN OTHER WORDS
      155 10 'We should not take money away from pensioners to pay for tax cuts for companies.' Bernhardt Klimmt the German Social Democratic state premier of Saarland, on the Budget. 'After the collapse of the bubble economy 10 years ago, we were somewhat late in getting on with financial
      155 words
    • Article
      Lock icon Making wages more flexible
      649 10 EDITORIAL THE whole idea of introducing a variable component in monthly wages in Singapore is to give employers the flexibility to cut wage costs quickly in the event of a severe business or economic downturn. So why do employers seem unenthusiastic about it? A recent poll
      649 words
    • Article, Illustration
      Lock icon Three reasons behind good job figures in US
      868 10  -  They include more older workers who tend to hang on to jobs and the rising role of job agencies Ny Robert Samuelson Washington Post Writers Group AMERICA must celebrate a quiet revolution: the return of "full employment". In the 1960s and *****,
      Washington Post Writers Group; FILE PHOTO  -  868 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      982 10 Behind Pakistan's offensive WHEN fighting broke out between India and Pakistan in Kashmir six weeks ago. the United States reacted with pleas for dialogue and carefully a voided pinning blame on either side for disturbing the peace. But the evidence is now overwhelming that Islamabad has
      982 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Thai prince makes film about ancestors
      639 11 FILM 'Suriyothai', being produced by a cousin of King Bhumibol, is the most expensive Thai film ever Reuters [AYUTTHAYA, Thailand] Naked to the waist, long hair flowing, King Chairaja of Siam sits at dinner on his palace verandah and his beautiful wife pours him
      Reuters  -  639 words
  • Page 11 Advertisements
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      173 words
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      78 11 CELEBRATE THE LAST CENTURY WITH DE GRAND MMI I /hippy Hours s.(M)p»i to l J.(Htpm BUY 1 GET 1 FREE I )r.ili I Her per mug *Wo 0« 1 >r.ill txer |H. r |iij; SJ I (10» i Iree lit bits i depend on predictions. -fl Advertise in Wine, Dine
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      60 11 jkAjb /W IN* CITY THAI SHARKSfIN RESTAURANT Braised Superior Shark's Fin w/Crabmeat X Braised Superior Shark's Fin (i Chypot per person Braised Whole Abator* w/Supreme Mushroom Kai-Lan Sambal Pomfret Prepared in Thai Style Crispy Fried Golden Beancurd Baked King Prawn w/Vermicelli in Claypot Thai Style Pineapple Rice Dessert A Choice
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      148 11 Wdag Ipeeial kinch Menuvi v npll ppr ituro with fIJK-CtlOlCO of one coffees or soft drink I Teochew fried Kway Tcow Mushroom and Chicken Noodle (§oup/&ry) /I fried See Tai Sak 11 Ipoh tlor fun I fried Macaroni I *prict include# »eivice Charge and U I relevant 6wemment Tax 1
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      114 11 I floor (Vvini U«wan Haute. Co»U«* Qua* Vn*jpo* o*l2l gfL>~ Every Thursday night, The Neptune brings i you fresh succulent comedic antics. I Jk Reservations: 4 224 3922 /Wewlywt m 4j%^apttrr 333 CMhTd :iB*T a family appam ar aaiTo*S Treat your family and friends to an international buffet lunch or
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  • Page 11 Miscellaneous
    • Miscellaneous
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      1161 11 CRYPTIC CROSSWORD ACROSS 1 Time will be on its side (5,5) P p p p 9 Trip lasting some months in ||J 11 Heated complaints (6) BHTT—^ I look round capital WM 16 Names objects of especial in- p ,4 15 terest. say (5) LhJ ■■■■ie 17 Ham was presumably
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  • MOTORING
    • BUMPER to BUMPER
      • Article
        Lock icon DaimlerChrysler-Nissan project off
        111 12 A MAJOR joint truck project between DaimlerChrysler and Nissan Motor is off even before it got started. "The agreement is off," a top executive said without elaborating. The decision is expected to set back DaimlerChrysler's ambition to raise its stake in the Asian market especially the commercial
        111 words
      • Article
        Lock icon Car rental firm in vehicle financing
        124 12 THE latest entrant into the vehicle financing arena is wait for it a car rental company. A B Car Rentals, a franchisee of Budget Rent-a-Car, has started offering its package through advertisements and to walk-in customers. While its rates are similar to those in
        124 words
      • Article
        Lock icon Chartered Motor to sell Mazda, Renault
        74 12 CHARTERED MOTOR, a long-time dealer of Mitsubishi vehicles, has relinquished the brand to take on two new names Mazda and Renault. Located in the East Coast, Chartered was among players not included in Cycle Carriage's recent revamp of its dealership network. The other established
        74 words
      • Article
        Lock icon Japan vehicle exports down 0.5% in'98
        103 12 JAPANESE vehicle exports dipped last year, according to an authoritative publication by Toyota. Quoting Japan Automobile Manufacturers Association figures, Toyota and the World noted that overall vehicle exports from Japan dipped 0.5 per cent to 4.53 million units in 1998. All manufacturers experienced a
        103 words
      • Article
        Lock icon Toyota's Vitz beats sales targets
        89 12  -  Christopher Tan TOYOTA'S Vitz (known as the Echo here) has exceeded the company's 9,000 monthly sales target every month since its release in January, helping Toyota boost its share of Japan's car market to 42 per cent in the calendar year so far from 39.5
        89 words
      • Article, Illustration
        Lock icon Proton shifts to high gear
        917 12  -  Malaysian carmaker is poised to hit maximum output capacity in 2000 and has launched 2 new models liy i Christopher Tan (SINGAPORE] MALAYSIA'S national car company, Perusahaan Otomobil Nasional Bhd (Proton), is set to produce 230,000 vehicles its maximum capacity in the next fiscal year
        917 words
      • Article, Illustration
        Lock icon Mercedes-Benz sales down 27% in Jan-May
        521 12  -  CAR TRACK Market share fail* on competition from other marques, pricing, tight supply Reports by i Christoper Tan SALES of Mercedes-Benz among Singapore's top-sell-ing brands fell 27 per cent to 790 units in the first five months of the year, continuing a shrinkage that
        Source: Motor Traders Association of S'pore  -  521 words
      • Article
        Lock icon Hatchbacks: Renault Clio overtakes Nissan March
        290 12 THE Renault Clio has overtaken Nissan's March as Singapore's favourite hatchback. The French car, available in 1.4 and 1.6-litre forms, found about 160 buyers in the first five months, against 104 for the one-litre March. Thus, the Clio makes up more than half of
        290 words
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      75 12 ***«jS »tVr -MKI W*w Ej •jgl T* HI jflriSt SAny petrol can power your car, but Formula Shell XO does more. Its revolutionary formulation cleans your engine as you drive, giving you a silky, smooth ride Powerful Vaporon™ energy f\S\Jnk boosters unleash extra energy the instant you step on your
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Stanchart puts S'porean Euleen Goh in key global post
      552 13  -  New head of global sales talks about her challenges In a BT interview By! Siow Li Sen [SINGAPORE] Standard Chartered has appointed Singaporean Euleen Goh to spearhead its global thrust into corporate and institutional banking. The 44-year-old chartered accountant, who is
      CHRIS LOH  -  552 words
    • Article, Illustration
      Lock icon Telecoms player Nera offers 44.4m shares at 98 cents in IPO
      432 13  -  Offer represents 49.3% of enlarged share capital, bigger than usual 15-20% By. Annette Pan [SINGAPORE) Nera Telecommunications (Nera) subsidiary of Oslo and Nasdaqlisted Norwegian telecommunications firm Nera ASA yesterday offered 44.4 million shares at 98 cents each in a
      CHRIS LOH  -  432 words
    • Article
      Lock icon How Wall St's boom or bust affects US and the world
      680 13  -  HOCK LOCK SIEW Neil Behrmann LONG may it continue! Such is the boom on the US stock market that it has not only kept the giant economy afloat but played a major role in offsetting the global impact of
      680 words
    • Article
      Lock icon SES asks Goldtron if it is able to carry on as going concern
      354 13  -  Exchange concerned that heavy share trading may be dne to false market Conrad Raj [SINGAPORE] The Stock Exchange of Singapore wants to know if contract manufacturer Goldtron Ltd, whose shares have been flying along with other second
      354 words
    • COMPANIES
      • Article, Illustration
        Lock icon Amara buys River Valley freehold site for $ 15.5m
        510 14  - Amara buys River Valley freehold site for 15.5m Company forms 50m renminbi joint venture to develop Wuhan hotel By < Carol Eng [SINGAPORE] Amara Holdings has bought a freehold site at River Valley for $15.5 million and the project to be built on it could yield profits of $6 million
        FILE PHOTO  -  510 words
      • Article
        Lock icon Liang Court holders advised to reject Pidemco bid
        368 14 Offers below market price, asset value backing per share [SINGAPORE] Rothschilds Sons have advised Liang Court Holdings shareholders to reject Pidemco Land's bid to buy their shares and warrants at 63 cents and one cent each respectively as the offer prices are
        368 words
      • Article
        Lock icon Singatronics to sell entire stake in Candela
        140 14 [SINGAPORE] Singatronics Ltd wants to sell its entire shareholding in Nasdaqlisted cosmetic and medical laser company Candela Corporation, the company said yesterday. The proposed sale is to be carried out together with USbased Candela's planned public offering of shares, which is expected to
        140 words
      • Article
        Lock icon ASA posts worse-than-expected $14m net loss
        441 14  -  CORPORATE RESULTS Company bays 20% stake in Korean firm for 1 billion won By Annette Pau [SINGAPORE] Sesdaq-listed Advanced Systems Automation (ASA) yesterday posted a worse-than-expected net loss of $14 million for the full-year ended March, versus net earnings of $12 million a year
        441 words
      • Article
        Lock icon Panpac Media earnings slide 63%
        205 14 [SINGAPORE] Panpac Media, the publications and multimedia group which went public last year, reported a 63 per cent drop in group net profits to $1.2 million for the year ended March 31. Group turnover fell by 32 per cent to $14 million. Contributing to the
        205 words
      • Article, Illustration
        Lock icon Form hits all-time high on news of rescue by white knight
        270 14 [SINGAPORE! Form Holdings' share price hit an all-time high of 54 cents yesterday before closing at 50 cents following news that a white knight had been found to rescue the financially troubled entertainment group. The only time the counter
        Source: Bloomberg  -  270 words
      • Article, Illustration
        Lock icon Permasteelisa no more a penny stock
        322 14 Counter rises above $1; firm said to be close to getting nod for share buyback [SINGAPORE] Building facade specialist Permasteelisa Pacific is no longer a penny stock. The mainboard-listed counter raced past the $1 level for the first time yesterday on heavy volume and
        Source: Bloomberg  -  322 words
      • Article, Illustration
        Lock icon Hour Glass posts substantial $6.5m loss
        406 14 But flow of red ink seems to have slowed down in second half [SINGAPORE] Punters pinning their hopes on The Hour Glass were forced to take a reality check yesterday when the company announced a substantial loss of $6.5 million for the year to
        FILE PHOTO  -  406 words
      • COMPANY Briefs
        • Article
          Lock icon Broadway in talks with investor
          123 14 [SINGAPORE] Broadway Industrial Group yesterday said it is in discussions relating to the issue of convertible preference shares to a potential investor. The company has rsoetved a written investment proposal from the investor which is currently under consideration by the directors. Broadway chairman Wong Sheung
          123 words
        • Article
          Lock icon Chuan Hup buys back 1.6m shares
          65 14 Reuters (SINGAPORE] Shipping-baaed Chuan Hup Holdings said yesterday that it has bought back 1.9 million of the company's shares at an average price of 511.2730 each. The purchase amounted to 0.73 per cent of the company. The total number of shares ia issue after
          Reuters  -  65 words
        • Article
          Lock icon Alcatel files suit against Delgro
          118 14 [SINGAPORE] Delgro Corp, the parent company of Singapore Bus Servicee (SBS), last night disclosed that SBS has received a writ June 21 from Alcatel SEG AG claiming 554.369 million and 5.4896 million deutschemarks <894.9 million) in reepect of professional work done and services rendered pursuant
          118 words
        • Article
          Lock icon Tri-M returns to the black
          68 14 [SINGAPORE] Tri-M Technologies (S) made a net profit of $1.95 million for the year ended March 31, compared with a 9291,*****5s previously. Turnover rose 13 per cent to $50.5 million. The group cited higher sales, lower operating ooets and foreign exchange gains for the turnaround.
          68 words
        • Article
          Lock icon Inchape Marketing delisted
          21 14 [SINGAPORE] Inchcape Marketing Services has become a Ailly-owned subsidiary of Li Fung Distribution and will be delisted today.
          21 words
        • Article
          Lock icon Corrections and clarifications
          56 14 WE reported yesterday that MHE Holdings directors Peter 800 and Lee Bee Lian had each sold a million shares in the company. That it incorrect It was Songxing Investment Holdings Pte Ltd, in which the two directors hsrve a deemed interest, that sold a million MHE shares.
          56 words
      • Article
        Lock icon Rekapacific loses control of Promet and Kelanamas
        333 15  -  Injection of new assets leads to reverse takeovers by new shareholders From Eddie Toh in Kuala Lumpur REKAPACIFIC Bhd the listed vehicle of Ling Hee Leong who is the son of Malaysian Transport Minister Ling Liong Sik has lost control of Promet and
        333 words
      • Article
        Lock icon SIA denies recent talks with Air NZ on Ansett sale
        292 15  -  By. Felix Chan [SINGAPORE] Singapore Airlines (SIA) yesterday denied it recently held talks with Air New Zealand on the sale of News Ltd's 50 per cent stake in Ansett Australia since talks were called off earlier this month. In a
        292 words
      • Article
        Lock icon Toyota may up its stakes in KDD and Hino
        442 15 Automaker eyeing telecoms technology to make smart cars Bloomberg [TOKYO] Toyota Motor Corp, the world's third-largest automaker, said it may increase its 8.4 per cent stake in KDD Corp, Japan's largest international phone company, as it looks to use telecommunications technology
        Bloomberg  -  442 words
      • Article, Illustration
        Lock icon NEC, Hitachi in chip development tie-up
        535 15 They may make DRAM chips nnder a single brand Bloomberg [TOKYO] NEC Corp, Japan s largest microchip-maker, and Hitachi Ltd said they plan to set up a joint venture by the end of the year to cut the cost of developing and making future
        Bloomberg; REUTERS  -  535 words
    • CORPORATE FOCUS
      • Article, Illustration
        Lock icon Brierley to continue asset sales
        1028 16 Among the businesses it's expected to exit from are LWR Industries and Tasman Agriculture Bloomberg [WELLINGTON] Brierley investments Ltd, which has been second only to the New Zealand government in asset sales the past year as it slashes debt, will continue selling poorly performing businesses
        Bloomberg; Source: Bloomberg  -  1,028 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Broker gets away with millions in big US insurance fraud
        664 17 FBI says he drained money from insurers through a web of companies, charities, Swiss bank accounts NYT, Bloomberg [NEW YORK] Federal investigators are looking for a former stockbroker who has fled with as much as US$95O million (Ssl.6 billion) belonging
        NYT,; Bloomberg  -  664 words
      • Article, Illustration
        Lock icon NASD proposal to screen customers comes under fire
        487 17 Bloomberg [WASHINGTON] A National Association of Securities Dealers (NASD) proposal that would require day-trading firms to screen customers has been criticised by a cross-sec-tion of securities firms, including Merrill Lynch Co, Charles Schwab Corp, and Fidelity Investments. "Such restrictions are excessively paternalistic,"
        Bloomberg; FILE PHOTO  -  487 words
      • Article
        Lock icon FCC approves Vodafone's acquisition of AirTouch
        333 17 Agency says deal won't have adverse effects on competition Reuters [WASHINGTON] The Federal Communications Commission on Tuesday approved British mobile phone company Vodafone Group pic's US$62 billion (Sslo6 billion) acquisition of US carrier AirTouch Communications Inc, allowing the creation of an international wireless powerhouse.
        Reuters  -  333 words
      • Article
        Lock icon Intel fund starts investments with five companies
        207 17 Reuters [SAN FRANCISCO) Intel Corp said on Tuesday it has made the first five investments with its US$25O million (***** million) investment fund the Intel 64 Fund which it set up to invest in companies developing products for Intel's next generation chip architecture.
        Reuters  -  207 words
      • Article, Illustration
        Lock icon Chevron expands job cuts as refinery fire lowers earnings
        389 17 The company plans to cat 2,500j0bs as part of a USssoom cost-rednction plan Bloomberg [NEW YORK] Chevron Corp, which recently failed to buy Texaco Inc, will cut 2,500 jobs by early next year, more than double the number announced in December
        Bloomberg; Source: Bloomberg  -  389 words
      • Article
        Lock icon Online broker TD Waterhouse sells US$1b of stock in IPO
        275 17 Bloomberg [NEW YORK) TD Waterhouse Group Inc sold US$l.Ol billion (Ssl.7 billion) of stock in the largest initial public offering ever by an Internet company. The sale valued the No 3 online broker, which To-ronto-Dominion Bank acquired three years ago
        Bloomberg  -  275 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Lloyds TSB to buy Scottish Widows for £7b
        445 18 Deal will create UK's second biggest provider in the life and pensions market Bloomberg [LONDON] Lloyds TSB Group pic, Britain's most profitable bank, agreed to buy Scottish Widows Fund Life Assurance Society for £7 billion (Ssl9 billion) in cash, making it the
        Bloomberg; Source: Bloomberg  -  445 words
      • Article
        Lock icon Lehman beats analysts with US$330m
        471 18 Europe accounts for 27% of total revenue in Q2 NYT [NEW YORK] Lehman Brothers Holdings Inc on Tuesday reported second quarter earnings that were far above analysts' expectations. Lehman, which has been broadening from its traditional base as a bond house into equities and investment
        NYT  -  471 words
      • Article
        Lock icon Goldman Sachs Q2 profit up 30% on trading surge
        425 18 Firm was top M&A adviser, IPO underwriter in Q2 Bloomberg [NEW YORK] Goldman Sachs Group Inc, reporting profit for the first time as a public company, said fiscal secondquarter earnings rose 30 per cent as equities trading surged. Income from operations
        Bloomberg  -  425 words
      • Article
        Lock icon US insurers not well prepared for Y2K claims
        209 18 AFX-Asia [LONDONJ The US insurance industry, which risks significant exposure to Year 2000-re-lated claims, has not addressed the issue to its fullest extent. Standard and Poor's Corp said in a report. The rating agency said it does not expect near-term ratings actions
        AFX-Asia  -  209 words
      • Article
        Lock icon Spain's BSCH complains to Brussels in row with Portugal
        372 18 EC ruling could act as milestone in future cross-border alliances: analysts Bloomberg [MADRID] Spain's biggest bank Banco Santander Central Hispano (BSCH) turned to the European Commission on Tuesday in protest at Portugal's decision to block its planned alliance with the Champalimaud
        Bloomberg  -  372 words
      • Article
        Lock icon China Everbright to develop merchant banking
        246 18 Reuters [HONGKONG] China Everbright Ltd yesterday said it would actively develop its merchant banking business in the greater China region and aimed to develop into a fully fledged financial services company. "We want to develop the company into a full-range financial services company with
        Reuters  -  246 words
      • Article
        Lock icon Norwich Union to buy 50.1% of Australia's Paladin
        358 18 Bloomberg, Reuters [LONDON] Norwich Union Pic, Britain's sixth-largest insurer, agreed to buy 50.1 per cent of First Australian Property Group Holdings Pty, also known as Paladin, the company said yesterday. Norwich Union said it would acquire the rest of Paladin in 2004.
        Bloomberg,; Reuters  -  358 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Economists' upbeat forecasts boost futures
        111 19  -  Jii Reports MS& Singapore Index Edward Cheung, Jardine Fleming THE MSCI Singapore Index surged again yesterday as economists forecast that Singapore exports will more than double in the second quarter. Economists are expecting the economy to expand 3.5 per cent for the full year. The
        111 words
      • Article
        Lock icon Taiex loss sends futures lower
        188 19  -  MSCI Taiwan fatares Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures shed 15.5 points yesterday in the June '99 contract. Tuesday's gain of 10.8 points was deemed somewhat trivial when compared to yesterday's significant movement. The Taiex lost 116.59 points, dragged down
        188 words
      • Article
        Lock icon Oil prices regain ground after US data shows drop in crude stocks
        353 19 ENERGY REPORT Reuters [LONDON] Oil prices recaptured upward momentum yesterday after key overnight US data showed a deep draw in stocks of spare crude oil. Brent blend futures were 20 cents higher at U5516.31 a barrel in early
        Reuters  -  353 words
      • Article
        Lock icon CURRENCY REPORT
        279 19 Reuters London A ROBUST dollar overwhelmed European currencies yesterday, reaching multi-year highs against sterling and the Swiss franc and launching a renewed attack on its all-time highs against the euro. Sterling was at U551.5778/88 by 1531 GMT, after earlier falling to U551.5764, its lowest since August 1997. It
        Reuters  -  279 words
      • Article, Illustration
        Lock icon Untitled
        1187 19 INTERBANK CROSS RATES Jun 23 mC EUf F JL WK$ Ind Rs Ruplah Von Won ftH MZ$ Pak Bs Peso S$ Rand Sfr WT$ Baht Powd USS £2" ,0« 0%5 c'JI! J** >J2 1244 5094 28.410 44.153 0.801 7.629 2.495 1.232 34.029 24J54 IW 3.937 1 016 21.236 ***** 0
        1,187 words
      • Article
        Lock icon Untitled
        1807 19 si COM PPTPMB Jun23 RUMCR (Mures dottaq at *t SJ0p«> R»1 CONTRACTS Close Votomc Opm Hj# Lwr Sett ggw) Interest 103.25 100 a Aug 99 104.75 104.25 104.25 200 400 99 107.25 107.25 107.25 600 800 99 m.75 1050 JinAlwOO H6.50 300 Apr/Jim 00 120.00 RSS3 CONTRACT (UScmbAf) Volume Opm
        1,807 words
    • Article, Illustration
      Lock icon HONGKONG
      1440 20 AFP Q Hang Seng -2&84 HONGKONG share prices fell 0.2 per cent yesterday after having largely retraced heavy losses made earlier in the day when blue-chip stocks came under pressure from profit-taking, dealers said. "The market has had a pretty good run and was in for some profit-taking, which
      AFP  -  1,440 words
    • Article, Illustration
      Lock icon CHINA
      601 20 Reuters F1 Shenzhen B Index -f 139 SHENZHEN'S hard currency B shares ended with strong gains yesterday but turnover slackened as investors began picking individual stocks instead of betting on broad market gains. The B share index rose 3.39 points, or 2.96 per cent, to 117.84 on turnover of
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  601 words
    • Article
      Lock icon TAIPEI
      339 20 AFP Q VP Index -U&S9 TAIWAN share prices fell 1.4 per cent yesterday in active trading as investors locked away profits on recent gains, dealers said. The Taiwan Stock Exchange Weighted Price Index lost 116.59 points to 8,492.32 on turnover of NT5229.88 billion, the highest level this year. Yu
      AFP  -  339 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2281 20 LONDON Industrials *MM 31 Group 7.65 0.09 AObey National 12.75 -0.27 A B Foods 4.45 -0.01 A B Ports 3.12 0.01 Alliance i Leicester 9.05 -0.12 Allied Domecq 5.97 -0.08 Allied Zurich 7.96 0.02 Anglo American Gold 43.70 unch ASDA Group 2.16 unch Ban* of Scotland 9.00
      2,281 words
    • Article
      Lock icon TOKYO
      1655 20 AFP Q Nikkei 225 -190.87 TOKYO stocks closed 1.1 per cent lower yesterday as investors locked away profits on the market's recent advance to a 20-month high, brokers said. "There has been a sense in the market that it has achieved a near-term goal," New Japan Securities Co Ltd's
      AFP  -  1,655 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Lock icon Untitled
        8815 21 INDUSTRIALS Consunwr products '999 Last Vol Day Nat Cap Hm» t— Cinm SOU 'OOP nm> Low P/t $mM 380 255 Ajinomoto 360 unch 1 360 360 22.8 145 9 137 46 Angkasa 111 8 1509 126 110 163.7 293 220 Apollo Food Hlg 289 -1 2 290 289 10.1 115.6
        8,815 words
      • Article, Illustration
        Lock icon Profit-taking caps gains after market tests 800
        444 21 AFP n Composite Index +L 4 MALAYSIAN share prices rose 0.2 per cent yesterday, led by financial stocks on expectations of interest rate cuts, dealers said, but profit-taking capped the market's gains. A dealer with a local brokerage said the market rose amid
        AFP  -  444 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Lock icon L-Jacob 2002 for those with patience
        197 22  -  WARRANT WATCH -By R Sivanithy THIS market can be extremely fickle. What's hot today may not be tomorrow. For now, it looks like property stocks are the rage of the day but we'd prefer to focus elsewhere on counters that are out of play
        197 words
      • Article
        Lock icon Untitled
        2360 22 BONOS, LOANS ft WARRANTS wt 52-** Last Vol Day Last Quote Avg High Low Stno Company Sola *or- COOO) High Loo Buyar Sallar Price 98.5 3 J 3160 "Acer******1 US$ 88 -1 728 92 87 ~88 88.5 72.5 4.5 t 3164 Acma ******4 70 »2 2473 72.5 67 69 5
        2,360 words
      • Article
        Lock icon CLOB INTERNATIONAL
        225 22 HONGKONG STOCKS Gr Or 32-** tHt Vo( Day LMt Ouoti Dtv CNv VM N*t M Cap High Low Stno Company Sate COOP) Htqh Low Buyer S»««f H C'vr H p/c Smll 365 173 5123 COL (2000) HK 320 320 345 8 3.7 25 10.9 6195.7 5124 Cathay Pec
        225 words
      • Article, Illustration
        Lock icon JAKARTA
        690 22 AFP Q Composite Index -10.01 INDONESIAN shares fell 1.4 per cent yesterday, with selloffs in select large caps amid the stronger rupiah, dealers said. A foreign exchange dealer at a regional bank said central Bank Indonesia governor Syahril Sabirin's comment that the current rupiah level was acceptable prompted a
        AFP  -  690 words
      • Article, Illustration
        Lock icon BANGKOK
        870 22 AFP n SET Index -492 THAI share prices fell 0.9 per cent yesterday after last-min-ute buying lifted the index off earlier lows, analysts said. They said some bargainhunting was evident in property and securities issues after a Moody's Investors Service report dampened interest in banks, saying the sector remained
        AFP  -  870 words
      • Article
        Lock icon MANILA
        337 22 AFP Qj Manila -7.69 PHILIPPINE share prices closed 0.3 per cent lower yesterday due to a "minor correction", analysts said. The Philippine Stock Exchange Composite Index fell 7.69 points to close at 2,470.92. Volume fell to 2.95 billion shares worth 4.5 billion pesos from 3.54 billion shares worth 4.15
        AFP  -  337 words
      • Article
        Lock icon SEOUL
        407 22 AFP PI Composite Index +12.66 SOUTH Korean share prices closed 1.45 per cent up yesterday in active trade, with investors focusing on bank stocks, dealers said. Tongyang Securities analyst Park Jae Hoon said sentiment was underpinned by net foreign buying. The Korea Stock Exchange Composite Index closed up 12.66
        AFP  -  407 words
      • Article
        Lock icon SYDNEY
        657 22 AFP n All Ordinaries jjj AUSTRALIAN share prices fell 0.5 per cent yesterday on heavy turnover after a tumble on Wall Street overnight, brokers said. The All Ordinaries Index dropped 14.2 points to 2,990.60. The All Industrials Index fell 13.7 points to 5,257.30 and the All Resources Index was
        AFP  -  657 words
      • Article
        Lock icon WELLINGTON
        285 22 AFP n Wellington +JLSB NEW Zealand share prices rebounded to close slightly higher yesterday after overcoming early losses. The NZSE-40 Capital Index rose 8.58 points to end the day at 2,104.45 points after having fallen more than 25 points earlier in the day. J»"23 Ui (000) Adventage HOS .1.70
        AFP  -  285 words
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      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      7322 23 Transaction date: Jun 23 fir Cr M Wt 52-Wk Last Vol Day Last Ouata OK Otv VM Nat Cap Avg High Law »tWa Company Sat* COOP) High Law Buytr Sotlor C'w P/E $m* Prico MM.T1 UMIITIY 165 17.5 m b IOOO Acma 50c 163
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      Lock icon SESDAQ
      1511 23 Or Cr M Wt 52-Wk Lwt Vol Day Last Ouott Mv ON Y Id Nat Cap Avg High Law StNo Company S«*» COOP) High Law Buyar UKm H C« H P/t Sm* Prtc. MANUFACTURING 148 30 c 2049 AS Auto Kk 137 unci) 2309 142 133 137 138 IS
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      308 13 IPO Watch Hera Telecommunications I'ruv 98 cents Until) (Historical) 12.4 x /HT share 31.1 cents Industry Telecommunications Bain Company is enjoying extraordinary growth in Southeast Asia. We work in long-term relationships with a growing set of Asian and MNC senior management teams that are committed to fundamentally repositioning their companies
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      136 14 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Hongkong Bahamas Samoa Full nonynee, 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
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      88 15 TELECOMMUNICATIONS I Nera Telecommunications Ltd I (Incorporated in the Republic of Singapore on 19 October 1978) I INITIAL PUBLIC OFFERING OF 44,400,000 SHARES AT $0.98 EACH I Applications for the Shares may be made on printed I Application Forms referred to in the Prospectus dated 23 June 1999. I Applications
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      2362 16 BAG THE BEST BUYS OF THE CENTURY GRAND LUCKY DRAW WIN 3 MITSUBISHI CARS PLUS UP TO $60,000 WITH VISA* RULES ft REGULATIONS A minimum purchase of $20 in one receipt from any CSS grand draw participant entitles you to one chance at the Kicky draw 2. Only original lucky
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      409 16 r IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KIMISAWA BAKERY (PTE) LTD (IN MEMBERS VOLUNTARY LIQUIDATION) Al an Extraordinary General Meeting of tie Company deemed k) be held al Block 712 tag Mo Kb Ave 6. 104-4056. Singapore *****2 on 16th for* 1999,
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      692 16 MOZNETT PTE LTD womas op special NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO SECTION 179(6) OF THE COMPANIES ACT (CAP 50) AT 22ND FLOOR, HUTCHISON HOI SE. 10 HARCOURT ROAD. HONG KONG ON THE ISTH DAY OF
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      396 16 IN THE MATTE* OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF CHAO PHAYA THAI RESTAURANT PTE LTD (IN MEMBBtS VOLUNTARY LIQUIDATION) Ai an Extraordinary General Meeting of the Company deemed »be held al Block 712 Ang Mo ICb he 6, 104-4056. Singapore *****2 on 16ih |une 1999.
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      683 16 TIMOIS PTE LTD NOTICE OF SPECIAL RESOLUTIONS NOTICE IS HEREBY GIVEN THAT VT AM EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO SECTION 179(6) OF THE COMPANIES ACT (CAP 90) AT 10 HOE CHIANG ROAD #18-00 KEPPEL TOWERS. SINGAPORE *****5 ON THE 10TH DAY OFJVNE
      683 words
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      455 16 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of THI ONE ACADEMY OP COMMUNICATION DESIGN PTE LTD 1 NOTICE OE CREDITORS' MEETING PURSUANT TO SECTION 296 OE THE COMPANIES ACT, CAP. SO NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act,
      455 words
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      8 17 c!BE s 01l 00(1 lift bwii mk fmn.
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      75 17 This announcement appears as a matter of record only July 1999 LI FUNG DISTRIBUTION (SINGAPORE) LIMITED (Incorporated in the British Virgin Islands) has acquired 100% of the issued share capital of Inchcape Marketing Services Limited (Incorporated in the Republic of Singapore) pursuant to the conditional voluntary cash offer for and
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      1625 18 I TODAY©***-*#. I Lianhe Zaohan jtfflFEypi hAJ I M «WS A«» SMARTICONS PTE LTD 'Nona of steclu. rkqutiqns NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO SECTION 179(6) OF THE COMPANIES ACT (CAP 90) AT 22N0 FLOOR, HUTCHISON
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      164 18 A two day, practical workshop on How to implement effective fhß E-Commerce Techniques lal E-Commerce- Tapping The Power Of The Internet A Cashing In On-line jgti 7*TB Conducted by: Mr. Scott A. Helmers, Professional Consulting Alliance WM Partner and Director, Harvard Computing Group, Inc. (www.harvardcomputing.com) lYou Will Learn Proven Techniques
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      9 18 Hock Lock Siew Takes you behind the news Theßusi.nessTimes
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      60 23 f Id like to place an A buyer j I love this car V advertisement to J 1 the very I that I found my f next day. through I f >v The Straits Times J Jttßfi room Classified. J Buying or selling through l vroom... 'v 2y The Straits
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  • STOCK EXCHANGE OF SINGAPORE
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      407 24 Stacks Votama Hotung Inv NT5 83,355.000 'Genting Int 52,055,000 Amara Hldgs Ltd 49,691,000 Tuan Sing 25c 49,368,000 NOL 49,073,000 DragonLand 10c 39,880,000 Eagle Brand Hldgs HK75c 35,431,000 Guthrie W02 33,322,000 Frt Links 20c 32,864,000 Goldtron 20c 32,782,000 Stocks J NOL 88,508,110 Hotung Inv NT5 52,443,405 Allgreen 50c 46,191,290 HK Land
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      Lock icon Property, retail stocks shine as STI hits all-time high
      620 24  -  STOCK MARKET COMMENTARY Hefty percentage gains in Keppel Land, DBS Land, CityDev; good volume in Hoar Glass, Ossia Int'l By R Sivanithy PROPERTY and retail stocks, which had lagged behind the market rally in an extended consolidation phase, leapt back into
      620 words
    • ON THE GRAPEVINE
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        Lock icon Everyone's hungry for returns
        130 24 SINGAPOREANS may want to take consolation from the fact that they're not the only ones earning rock-bottom returns on their fixed deposits. Malaysian banks are also so a-slosh with liquidity that some are forced to practically turn away bigger depositors by dishing out below-market deposit rates.
        130 words
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        Lock icon Phonography?
        119 24 WITH Singapore in the middle of hosting CommunicAsia99, a little aside on the use, or more accurately abuse, of office telephones might be apropos. Upon being asked to find ways to cut costs in Columbia's Lower House of Representatives, the state-owned phone company reportedly discovered that up to 10
        119 words
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        Lock icon Another shaggy dog tale
        135 24 THE recent debate in Singapore over whether or not the Austin Powers movie titied The Spy Who Shagged Me should be changed to something less licentious was widely reported in the Western media. It was eventually allowed to remain unchanged, but we're not the only folks
        135 words
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        Lock icon Jet-lag shelled prawns, anyone?
        98 24 WE are often reminded of how business costs have been lowered by the advances erf IT. Not often are we made to realise how much transport costs have fallen. In Germany, prawns caught in the Atlantic are airflown to the Philippines to be shelled, and then
        98 words
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      Lock icon HOT STOCK
      62 24  -  ~By Wong Wei Kong AMARA Holdings shares rose eight cents to a record close of $0,685 yesterday with 49.7 million shares traded, compared with its 10-day traded average of 25.6 million units. The technical indicators such as the RSI, Stochastics and MACD charts still show an uptrend in
      62 words
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      1040 24 Are you making money off the market? Let DBS Investor Online help you pick hot stocks! Call 438-1188 today. SSI )KSBANK TOMORROW'S TEE-OFF aim AT THE BUSINESS TIMES 23rd ANNIVERSARY ADVERTISING GOLF TOURNAMENT piTI (Friday, 25 June '99 at Tarn pines Course, Tanah Merah Country Club) Order of Play SHOT-GUN
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      324 25 Bridge News, Reuters TANKERS; Iraq's oil exports are being significantly limited by a section of corroding pipeline. Increased activity for very large crude carriers (VLCCs) from the Persian Gulf saw cargoes being openly quoted and firmer rates, especially for westbound cargoes. Coastal paid a firmer worldscale 48.5 for
      Bridge News,; Reuters  -  324 words
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      Lock icon MARITIME STOCKS
      293 25 \m mmmm wi Jwa M CWT Distribution 1.63 0.07 1030 ChuanHup 1.38 O.n 7395 Cotco Invastmant 1_34 0.05 937 Frfight Lm*s 0.44 -0.01 ***** G8 Holdings.. 1.06 0.03 823 Hal Son Hup 0.96 0M 3629 IMC HoMngs-HK 5.60 KKti 0 J»ya Holdings 1.16 0.03 2346 Jurong Shipyard —.8.40
      293 words
    • Article
      Lock icon Indonesia asked to act on piracy by IMO members
      459 25  -  Jakarta taking steps to cnrb attacks in Straits of Malacca: Indon official By\ Marcus Hand [SINGAPORE] Indonesia has been asked by member countries of the International Maritime Organisation (IMO) to take action against piracy attacks in the Straits of Malacca. The
      459 words
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      Lock icon Sri Lankan rebels may have captured M'sian-owned ship
      431 25 Reuters [SINGAPORE] The International Maritime Bureau feels there is a small chance that a Malaysian-owned ship widely assumed to have sunk off Sri Lanka last month was captured by rebels, a source at the bureau said. The freighter Sik Yang, its 15
      Reuters  -  431 words
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      Lock icon Setting Emery's global marketing focus for new millennium
      585 25  -  SHIPSHAPE By Felix Chan SETTING the global strategic marketing direction for a company which has been dismissed by its critics as a largely domestic player with little focus is an uphill task for anyone, even a 21-year veteran of the air cargo
      585 words
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      Lock icon Wider than the Panama Canal
      83 25 [LOS ANGELES] The Danish-built megaship Susan Maersk is backed into its berth upon arriving at the port of Long Beach, California. The ship, more than three-and-a-half football fields long, and wider than the Panama Canal, has the capacity to hold 6,600 twenty-foot shipping containers, making
      AFP  -  83 words
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      Lock icon Start of peak season boosts cargo at Los Angeles port
      280 25 Record Hay volume also boosted by recovery of exports from US to Asia partners. [SINGAPORE] The Port of Los Angeles hit record cargo volumes last month as the peak season began to kick in, and exports from the US to
      partners.  -  280 words
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      Lock icon Carnival to upgrade 3 ships at Lloyd Werft
      205 25 Bloomberg [MIAMI] Carnival Corp, the world's largest cruise line company, hired Lloyd Werft Bremerhaven GmbH to upgrade three of its luxury cruise ships for about US$34 million (5557.8 million) to meet its Year 2000 schedules and itineraries. Carnival's Cunard Line said Lloyd
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      Lock icon P&O readies for boom ahead
      739 26 CRUISE SHIP INDUSTRY Americans, spurred by strong economy, are spending more on cruises Bloomberg ILONDON] Economic strength in the United States, the world's biggest market for cruise travellers, has spurred higher travel spending and this has led cruise operators like Peninsular Oriental Steam Navigation Co
      Bloomberg; FILE PHOTO  -  739 words
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      Lock icon SHIPPING SCHEDULES INDEX
      212 26 PAGE ECU Line 6 ACl 6 ANL 3 Evergreen 6 8 Accord 8 foongSun 8 Appenship 5 Austral 8 Gemartrans 6 Balaji Shpg 4 Hangli 1 BSA 7 Hanjin 3 B'tanq Mas 8 Heunq-A 4 CCNI 7 Hyundai 7 CMA 8 ICR 3 COSCO S Interasia 7
      212 words
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      Lock icon SHIPPING GUIDE
      17593 33 THEBUSINESSTIMES EXPORT ETA ETA Adv*rtis*f Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Destn Neme Name Number Number SIN Dest'n Name Name Number Number To BUENOS AIRES (BUE) 2060 Arqentina To ABIDJAN (ABJ) 2003 Cote 0'I voire 02/07 28/07 Evergreen i. gather 0291 083W *****1m 01/07
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    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        611 37 Vessel Voy No Berth Arrival Departure Jurang Part Bintan Mulya *****9 J2 alongside 24.06/0800 Haifeng 838 HF900I J13 alongside 24 06/0600 Kimtrans 1806 SP8C01 J16 alongside 24.06/1200 Marcopolo 48 PRW009 J17 alongside 24.06/0600 Premier I NC/IO J2 alongside 24.06/1400 Tropical 28 12-99 J17 alongside 24.06/2000 BT Pul Telor
        611 words
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        Lock icon CONTAINER SCHEDULES
        1848 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclnq/Baianc* Rstls Ship Voy No Etb/Btr Period From To From *c IUtf OIM 25/0700 U 23/BM 23/MM 23/BM iimoo *v*» unot a 23/17M 24/0*5* 24/0*00 a 23/1700 2VOAM 24/0*00 I 24/0700 2 VIM 24/MM 4 24/1200 24/MM 24/1700 Maw* 2
        1,848 words
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        Lock icon GLOBAL HOLIDAYS
        180 37 Jno 20 Finland: Midsummer Eve Holiday. Jim 26 Indonesia: Mouloud Prophet's Birthday. Brunei: Maulud. Finland: Midsummer Day Holiday. Jon 30 Brunei: Half Year Bank Closing, lull Canada: Canada Day. Jnl 14 France: National Day. Jnl IS Brunei: HM The Sultan's Birthday. Jnl 21 Belgium: Independence Day. Aa| 2
        180 words
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        Lock icon COCKETT BUNKER MARKET REPORT
        827 37 THIS report, compiled by Cockett Ma rine 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 average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        827 words
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        Lock icon VERITAS BUNKER QUALITY REPORT
        537 37 Carbon 180 Max 990.6 L0 18.7 0.10 73 0.06 j M 17 Dmlt) Weter Residue As* /klumimun Sediment No above E25 0 0 9 0 0 0 T 380 Ave 986.4 0J 13.0 0.06 37 0.02 bm 380 M«i 992.8 0.9 19.2 0.09 90 0.06 M/iri
        537 words
    • AIR & LAND TRANSPORT NEWS
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        Lock icon Financing for new Asian aircraft to get harder
        345 38 Banks tightening lending policies as a result of Asian crisis, forum told Reuters [HONGKONG] Asian airlines will find it tougher to fund new aircraft as banks tighten lending policies and debt-rid-den Japanese banks sit on the sidelines, a senior aircraft financing specialist
        Reuters  -  345 words
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        Lock icon Honda's domestic production falls but overseas output surges
        304 38 Bloomberg [TOKYO] Honda Motor Co, Japan's third-largest carmaker, reported domestic production, sales and exports from Japan all sank in May while production overseas surged. Output at factories in Japan fell 11.2 per cent from a year earlier to 79,561 vehicles, Honda said.
        Bloomberg  -  304 words
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        Lock icon Designer uniforms for Sabena
        25 38 [BRUSSELS] Models for Belgian national airline Sabena present the new uniforms created by Belgian designer Olivier Strelli for the company. REUTERS
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        Lock icon Korean Air gets US$750m loan for lease of 6 jets
        342 38 Bloomberg [SEOUL] Korean Air Co, South Korea's largest airline, said Citibank and Korea Development Bank agreed to lend a combined US$75O million (551.27 billion) to help it lease six aircraft. Brookline Leasing Ltd will receive the loan, arranged by the
        Bloomberg  -  342 words
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        Lock icon American, Swissair, Sabena to team up
        258 38 Bloomberg [PARIS] American Airlines said it formed a marketing partnership with SAirGroup's Swissair and Sabena Belgian World Airlines that will enable the carriers to share some flights across the Atlantic, once regulatory approval is cleared. The announcement came within minutes of Air France and
        Bloomberg  -  258 words
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        Lock icon Asian partner needed for Delta-Air France alliance
        657 38 Their position in Asia has to be strengthened: analysts Reuters (ATLANTA] Delta Air Lines' new 10-year alliance with Air France is seen as a big step, but Delta still needs an Asian partner to round out its agreements, industry analysts say. "I think
        Reuters; FILE PHOTO  -  657 words
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1812 38 CITY FlIGWT ETA FUGHT ETC N***** V605 S***** 2350 MUM BA73H IflO IA7302 2055 S***** 1605 LH6373 2355 0FB2 2055 BA7306 1815 S026 2355 **8229 2230 LH6300 2230 Fakaaka $0909 1645 S0990 MS ***** 22X CaanfZkoaPtC S0803 1905 C2352 0835 Aatsttrtfam WJ37 1455 GA972 0010 C2353
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      19 25 Cruise industry: P&O readies for boom ahead Spurred by strong economy, Americans are spending more on cruises. Page 2
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      12 25 European cure for anxiety attacks discovered on back page. Money back. Guaranteed!
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      65 25 Financing for new Asian aircraft to get harder Banks tightening lending policies as a result of Asian crisis, forum told. Back Page S—s _iz Cairo or Congo. Sailing schedules to The African Continent. 2 4 hours a day in the Shipping Guide Fax-On -Demand hotline 740 6000. Another innov a
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      201 26 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Asia, North America and Europe, you're always in touch with NYK Real-Time Shipping Information (global home page) www.nykline.com (for USA rates) www.na.nykline.com ri-prii\ Shipment Surnrnarg Q j mm a I^H L SENLIM AGENCIES PTE. LTD.
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      857 26 fornfc. wslwaiw-w #Memoes ol the EOl i J t>y Members ot the Registry of uj rfi Singapore Freigrit Forwarders Accredited Sh.ppmg Agents Association Singapore Shipping Association ULY UNE MALE I VESSEL VOY HA ETA TETA P. KLAHG SPORE MALE Princess Lily V 0799 03/07 05/07 14/07 Empress Lily V 0399
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      1180 27 I SAX SERVICE (DIRECT) jvBM. ¥0T Sim LAX OAK PAi HOU 08 (01 KM HI MTC AWGABWT 01 a 30/00 15/07 20/07 20/07 20/07 20/07 20/07 20/07 21/07 21/07 msnm. tig 07/07 n/07 27/07 27/0; 27/07 27/07 27/07 27/07 28/07 20/07 tnmam om 14/07 29/07 03/00 03/01 03/08 03/00 03/08
      1,180 words
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      2466 27 HANJIN SHIPPING ijCFI 4 Its My. 10. Safe *****30 HAMJW SHIPPING (5) PTI LTD N* hoiyi to* lOQtlltG *****35 237 SAUS *****74 731 DOOMtEW *****71 774 OftMlOirS ********** MfciW IWt *****55 HI 777Wt0 CI W0 **********0N TO NW USA CANADA USA CANADA* r* vsi/voy Mi SM ljwhaui/vot su im ita
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      1643 28 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEANCANADA wa ¥0Y SW LtH HTM MM HAW MV FIJI ttSSfl VOT SIN 6H Iff Htt M.C MTB nuocnEmnr *0*77 km 1017 mot mn mO7 1117 lomoonsenator tmnn mm 11.(7 1117 1507 1707 CHOYANG ATLAS WHKt 0* 07 1(17 11(7 13(7 1317 IS 07 WASMNGTON
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      928 28 am MAC-NELS S PORE M'SIA Carrier: MN CONTR LINES, INC P. GUDANG: (07) *****26 I UN-A- J CMNOs *****7800Q0C SWU: (064)*****9 MANILA. (632)*****24 W PENANG: (04) *****36 BANGKOK; (662) *****57 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKT: (21) *****46 KUCHING (082) *****1-3 GENOA/BARCELONA VANCOUVER MV "MILDBURG" V.9510 MV HJ
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      751 28 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO VMSCI S PORE N SHEVA COLOMBO P KLANG TULSIOAS VllO 28 JUN 06 JUL 13 JUL II JUI 0 MAS TIGA VII7W OS JUL 13 JUL 20 JUL 25 JUL CAPE CANAVERAL V 100W 12 JUL 20 JUL 27 JIM. 01 AUG TULSIOAS V 111
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      1537 29 I VESSEL VOY KHH HKG SIN PKG PQfl DXB DMM IBA I BIK IRAN TAKHTI PCL-5108 23/06 25/06 29/06 30/06 09/07 10/07 11/07 13/07 15/07 IRAN TABATABAEI PCL-5109 30/06 02/07 06/07 07/07 16/07 17/07 18/07 19/07 21/07 IRAN LORESTAN PCL-5110 07/07 09/07 13/07 14/07 23/07 24/07 25/07 27/07 29/07 IRAN
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      1758 29 Soiling to Adon Hodoidoh, 1 Djibouti (Via Dubai) J I" SINGAPORE'S GENERAL AGENTS: 80 ROBINSON RD HI: 226 1900 FAX: *****08 OUTWARD (l/l) *****02 JOHORE OfFICECOSUR SHIPPING PTE LTD #12-00 SAIiS/IKGS *****57/60 INWARD DIPT (0/0) *****85 COSTAR AGENCIES (M) SDN BND CRNO: **********0 M SINGAPORE *****8 CONVENTIONAL *****50/S5 T/SHPMT DEPT
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      671 29 CHINA SHIPPING (GROUP) COMPANY [B*s CHINA SHIPPING CONTAINER LINES CO., LTD. FAR EAST El ROPE Ft LL CONTAINER EXPRESS SERVICE WESTBOUND (FIXED WEEKLY SERVICES VSI VOY XGG Q4N SHA HKG SPORE gW HAM FXT mare ionium 222] LUun LLiua lAJun 21 Jun 24Juo LUul Liiul LZJul— TROPHY 990) 20 Jun
      671 words
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      1472 30 EUROPEAJK/SCAWDtNAVIA/fINLAHO/RUSSIA SGP ROM ANW HBG THP ZEE LMV LHV THP ROM ANW HBG PKL SGP E DIADEM RW 006 26,1)6 15/07 21/07 17/07 19/07 20/07 21/07 E ROUNO RE 037 (1/06 03/06 02/06 04/06 06/06 24/06 2V06 E DAINTY RW-011 04/07 22/07 28/07 24/07 26/07 27/07 2107 E RESULT RE-025
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      1730 30 ==Ta7m~= ADVANCE CONTAINER LINES (PTE) LTD Zil ,1 TEL: *****21. FAX *****19. TELEX RS ***** ACLPL r W FOR BOOKINGS PHASE CALL: *****22 SALES A MARKETING *****2128 OPERATIONS: *****60 *****05 CR NO **********0E BANGKOK-T»HI—QBwt JAKAITA UtoMmANit) VESSEL VOY SIN 1 BKK VESSEL VOY MN JKT KOTA HARTAIPAI/LCH1 HTA039 24/6 Thu
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      420 31 BSA i. Mft MYANMA HHH FIVE STAR LINE r (Myanmar National Line) W Loading far Yangon (Rangoon) VESSEL VOY SIN PKI «N PGU SAGAJNG MW SID PAGAN 268W 30/06 MALAYSIA AGENTS: IOUSTEAD SHIPPING AGENCIES KUt HI (03) *****00 PKL Til (03) *****01 PEN; TEL (04)*****02 PGU: TU (07)*****21/4 BANK LINE
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      1272 31 HMAT- 5 HYUNDAI MERCHANT MARINE CO., LTD. VBSB VOY i SW SOU 181 nw I ANT 1 HAM WV 1 WL~| [VPSa VOY I SOU I LBI 1 BTM I AOT JMM-_gL-i!L -ML APIAUMNDM 309W 24/06 12/07 17/07 14/07 15/07 NOIAMAZOHTT 0221 31/05 05/06 02/06 03/06 24/06 MAAS 530W 25/06
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      1146 31 fxyvxcgon ipecakzcd outocornen, »r> Qssoe 10 HOOTH wji'uiw ««RM Line '■MO HUXUn SmtT VESSEL VOY RAMP HEIGHT SIN LAX CRL NUA SAV 6AL 1 ORF I NYC NEW MOO TAMPERE F913 400Tm» 6.3 M 27/06 26/07 ***** MTOT 08/08 10/08 11/0« 13/08 17/0S 19/08 TEUS F914 400 TOM 6.3 M
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