The Business Times, 29 June 1999

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Total Pages: 38
1 38 The Business Times
  • 16 1 THE BUSINESS TIMES MITA (P) 04tV I^/98 85c SINGAPORE In ternet"i\'kp'. inesstimes.asial.com.sg/ TUESDAY, JUNE 29, 1999
    16 words
  • 67 1 nm 14 USUI (-14.96) n*™ mM BMJB (4.75) □sasa nmjiEs an.7o (-2.30) QKAIKErMOODc BI Up STOCK HABKET INDICES Monday Change KLSECOMP 829.71 +14.48 NIKKEI 17,***** +174.06 HANG SENG 1S£4<1» +66.78 SET INDEX 631.88 1L97 JAKARTA OOMP _672.13 103 MANILA COMP 1,462.06 1.93 TAIPEI WPI +16.49 SEOUL comp mm
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  • 78 1 FUEXlffiS USS S3 USS 1-703 £(US$/S$ per 1586 1702 EURO(US$/S$ per E) 1.043 1.776 DM 1-875 0508 YEN 121.3 1.405 RM 3.800 0.448 HKS 7.768 0520 BAHT 3653 0.041 WJPIAH 6,690 0.025 SS to 100 units PUME BATES SINGAPORE* 5.80 KUALA LUMPUR 725 JAKARTA 40.00 BANGKOK 10.00 MANILA 11.00
    78 words
  • 670 1  -  2.5-point rise in Jnne index signals slower bnt steady growth in manufacturing By. Anna Teo [SINGAPORE] Fuelled by better external business conditions, Singapore's purchasing managers' index (PMI) rose a third straight month in June to another new high for the year. Except
    Source: S'pore Institute of Purchasing & Materials Management  -  670 words
  • 1023 1  -  SIP objective redefined; China takes control in 2001 By 1 Teh Hooi Ling [SINGAPORE) Singapore will transfer the majority ownership and management control of the Suzhou Industrial Park (SIP) to China on Jan 1, 2001, under a comprehensive package that culminates 18
    1,023 words
  • 673 1  -  Overhedging the yen wrongfoots company /ty< Conrad Raj [SINGAPORE] Thakral Corp, whose main business is selling consumer electronics in China, lost a whopping $160 million trying to protect itself against the yen falling, and ended up with a bottomline loss of $232 million for
    673 words
  • 373 1  -  Syndicates ramp np stock on its first trading day: analysts Hy, Jennifer Lien [SINGAPORE] Buoyed by bullish market sentiment and the craze over Internet-relat-ed stocks, i-One. Net International ran up a staggering first-day trading premium of 374 per cent yesterday in what is believed to be
    Source: Bloomberg  -  373 words
  • Page 1 Advertisements
    • 160 1 DfSTOE ttpqpmg hngn yi— The venture capital arm of Singapore Technologies has seen the value of its investments in five technology firms go up several times, P*2 ThakHp far DBS The market appears to have given the thumbs-up to DBS Bank's proposed restructure under a new holding company, sending its
      160 words
    • 13 1 Eraser sees Q2 growth of 2-4%, Pg 2 More reports on Pg 3
      13 words
    • 25 1 More results, Pg 16 Take a break from Hjjß share trading on Dec 31 Will SES Pfflvy shorten settlement period? Lim Choo Peng, SES president
      25 words

  • SINGAPORE AT HOME & ABROAD
    • 255 2  -  New rates from next week; rates for other time slots unchanged By Christopher Tan ELECTRONIC road-pricing (ERP) rates on the Pan-Island Expressway (PIE) will be 50 cents lower between 9am and 9.30 am from July 5. In its latest quarterly review, the Land
      FILE PHOTO  -  255 words
    • 373 2  -  Vertex investments in CSE and other technology firms rise by np to 15-fold By' Toh Han Shih THE venture capital arm of Singapore Technologies, the Vertex Group, has seen the value of its investments in five technology firms go up several times
      373 words
    • 212 2 THE government yesterday said there would be no civil service salary adjustments this year, except for the legal service where salaries would be raised by an average of 6 per cent. A statement from the Prime Minister's Office said yesterday no adjustments were necessary
      212 words
    • 338 2  -  EYE ON THE ECONOMY Outlook By. Anna Teo THE economy is likely to grow by between 2 and 4 per cent in the current second quarter, according to FraserAMMB Research's in-house indicator. Based on official leading and business expectations data of the first quarter
      Source: Fraser-AMMB  -  338 words
    • 325 2  -  It pays $260 psf for 999-year property zoned for mixed landed boosing By( Carol Eng STRAITS Construction has picked up yet another residential property a sizeable 70,900 sq ft 999-year land off Yio Chu Kang Rd for $18.5 million. This works out
      CHRIS LOH  -  325 words
    • 140 2 WAFER fabrication equipment supplier Applied Materials yesterday signed a training agreement with three polytechnics under which the company will train polytechnic students in wafer fab equipment engineering. This is the first time the polytechnics have outsourced training to a private
      140 words
    • 226 2  -  By Marissa Chew EXECUTIVE condominium Yew Mei Green is now about 95 per cent sold, after about 120 units were taken up in a recent relaunch. Developer NTUC Choice Homes had marketed 83 units in the first phase of the
      226 words
    • 601 3  -  S'pore investors should be cautions in fatnre tie-ops: Snzhon mayor By' Teh Hooi Ling THE way that Singapore and China resolved their differences over the Suzhou Industrial Park project shows that there is a cultural divide between the two, said Suzhou mayor Chen
      CHEW SENG KIM/ST  -  601 words
    • 190 3 A SINGAPORE consortium led by Wing Tai Holdings will sign a joint-venture agreement with a Chinese company to develop residential projects in the Suzhou Industrial Park (SIP). Lim Neo Chian, CEO of the park's development company China-Singapore Suzhou Industrial Park Development Co (CSSD), told
      190 words
    • 223 3  -  MAILBAG Leong Sing Chiong Assistant Director (Corporate Communications), Planning, Policy and Communications Division, Monetary Authority of Singapore WE refer to the letter by Desmond Wong Chee Wai, "A tough time with easy credit" (BT, June 9). Banks play an intermediary role in accepting
      223 words
    • 193 3  -  Edwin Tan for Vice-President (Corporate Development) PSA Corporation Ltd WE refer to the article "Wrong parking technology at Expo" (BT. June 23). Thank you for your feedback. We would like to take this opportunity to explain that the current coupon-parking system at the
      193 words
  • Page 2 Advertisements
    • 896 2 CREDIT SUISSE CONSOLIDATED BALANCE SHEET AT 31 DECEMBER 1998 CONSOLIDATED PROFIT AND LOSS ACCOUNT 1998 1988 1997 1998 1997 CHFm CHFm CHFm CHFm ASSETS income from Interest business Liquidity, money market paper and due from banks Interest and discount income 6.220 5.756 Liquidrty 870 946 Interest and dividend income from
      896 words

  • Page 3 Advertisements
    • 157 3 So many motorists have chosen the BMW 7 Series that it has been accepted of performance and innovative engineering has long as the most successful car in the luxury class. To the extreme that even our been admired by more than just our own demanding closest rival has finally taken
      157 words

  • FOCUS: PROPERTY
    • 663 4  -  THE PROPERTY COLUMN Talk of spin-off resurfaces; strongest reason Is bank might do best as purely financial play By Lee Han Shih ■w* "W- ILL DBS Bank spin A J off DBS Land in its M current B reorganisation? W W Talk of a
      663 words
  • Page 4 Advertisements
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    • 284 4 Land Area 41.3235q.ft. *****5q.ft. 85.7565q.ft. Built-in Ana 45.6935q.ft. 55,171 sq.ft. 94,552 sq.ft Floor Loading IOkN/sq.m. IOkN/sq.m. IOkN/sq.m. Electrical Power: lOOOKVA 1000 KVA 2000 KVA K' Private Leasehold 60-year w.e.f. 18 August 1993 No ground rent payable No investment criteria Tender Closing Date: •No subletting restriction 15 For Sale By Tender
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      381 words

  • ASIA ON THE MEND
    • 604 5 They will take time to rebuild with Asian demand staying slow and Japan's banks reluctant to lend AFP [TOKYO] Japan Inc is still paying the price for its heavy investment in its Asian neighbours two years after the region's economic
      AFP  -  604 words
    • 318 5 Reuters [TOKYO] Pessimism among Japan's businesses is likely to have dissipated markedly over the past three months but the improvement does not mean the economy is out of the woods, a Reuters survey of economists finds. Economists uniformly expect improvement for
      Reuters  -  318 words
    • 49 5 [BANGKOK] Sumnieng Juntravong making a money flower at the Foundation House here. Two years after its collapse triggered the Asian financial crisis, the baht has steadied on signs of an economic revival and it is now only about 30 per cent below its pre-crisis level. REUTERS
      REUTERS  -  49 words
    • 406 5 Labour minister's forecast comes ahead of IMF talks Bloomberg [SEOUL] South Korea's economy may expand 7 per cent or more in the second quarter, Labour Minister Lee Sang Ryong said. The forecast is among the most optimistic yet by a government official. Growth
      Bloomberg  -  406 words
    • 252 5 AFP (TAIPEI) Taiwan's leading economic indicator, which points to future activity, hit its highest level in 12 months in May. official data showed yesterday. The indicator, which measures economic activity three months down the road, rose 1.3 per cent to 101 points,
      AFP  -  252 words
  • Page 5 Advertisements

  • SOUTH-EAST ASIA
    • 489 6 JAKARTA Indon officials say conn try will need up to USs2b in fresh funds this year Bloomberg THE World Bank expects the rupiah to extend its recent gains as Indonesia prepares for the transfer of power to a
      Bloomberg  -  489 words
    • 203 6 CYBERJAYA, Malaysia AFP MALAYSIA has launched a 120 million ringgit (5553.76 million) venture capital fund to boost its drive to become a multimedia hub in Asia. Multimedia Development Corporation Sdn Bhd (MDC) said it would invest 100 million ringgit in MSC Venture
      AFP  -  203 words
    • 254 6 JAKARTA Head of Gemala group suspected of misusing credit from 3 state banks AFP AN Indonesian businessman is being sought by police for allegedly misusing credit from three state banks worth one trillion rupiah (***** million) according to a report. "The
      AFP  -  254 words
    • NOTE Book
      • 39 6 AFP [SUBANG] The police yesterday used water canon to disperse some 400 demonstrators protesting over demolition of squatter homes, witnesses said. Plainclothes police along with about 30 anti-riot squad personnel arrested about 45 people. AFP
        AFP  -  39 words
      • 88 6 AFP [JAKARTA! Indonesia may move into a deflationary phase by the second half of 1999 if the rupiah remains strong and the political scene is stable, Standard Chartered Bank said in a paper yesterday. "The market's concentration on the strength of the IDR (rupiah) glosses
        AFP  -  88 words
      • 52 6 Bloomberg [MANILA] The Philippine central bank has cut the amount banks must keep in reserve to release 27 billion pesos (Ssl.2 billion) for new lending. From Friday, banks will need to keep 12 per cent of deposits in reserve, down from the current 14 per
        Bloomberg  -  52 words
      • 79 6 Reuters [KUALA LUMPUR] The Kuala Lumpur Stock Exchange said yesterday it was unlikely to be hit by an outflow of foreign portfolio investments on Sept 1 when a levy on principal ends. "Whatever the figure that is said to be likely flowing
        Reuters  -  79 words
    • 465 7 KUALALUMPUR Network will allow subscribers to do banking, surf the Net, trade stocks Bloomberg MEASAT Broadcast Network Systems Sdn Bhd, a unit of Malaysia's first commercial satellite operator Binariang Bhd, will unveil this week Asia's first interactive television network. It'll offer viewers a
      Bloomberg; FILE PHOTO  -  465 words
  • Page 6 Advertisements
    • 1383 6 1 Banco JjL Santander Head Office: Paseo de la Castellana, 24, ***** Madrid, Spain Singapore Branch: 20 Raffles Place, #27-00 Ocean Towers, Singapore *****0 Balance Sheet Capital Ratios (as at 31.12) As of December 31, 1998 1997 (Ptas. Millions) (P13SM II0 S 1998 1997 1998 1997 Risk assets 14,280,937 14.276.777
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      183 words

  • Page 7 Advertisements
    • 93 7 o o MONT BLANC STAINLESS style ■IB The neu• \iontblanc Stainless Steel Collection 1 Meisterstuck Solitaire Fountain Pen 1 an J Meisterstuck Dual Time Steel. \y i Si J A m iHBI wa^B|in|xJi m Montblanc Boutiques Writing listrvmeiti Watches L•at h t r Jewellery Eyewear MontbLam Boutufues Singapore: Ngee Ann
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  • CHINA-HONGKONG-TAIWAN
    • 242 8 HONGKONG Bloomberg HONGKONG'S exports fell 4.1 per cent in May, the smallest year-on-year decline in 11 months, as lower prices make goods attractive on world markets and many Asian economies rebounded from recession. A total of HK$lOB.6 billion (5523.8 billion)
      Bloomberg  -  242 words
    • 374 8 SHANGHAI Bering may let state firms subscribe to large IPOs of domestic A shares Reuters CHINESE Vice-Premier Wen Jiabao has pledged further development of China's stock markets, calling them an important part of the economy, the official Shanghai Securi ties News said yesterday.
      Reuters  -  374 words
    • Article, Illustration
      62 8 [HONGKONG] About 300 Chinese immigrants chanting slogans yesterday while marching to the Legislative Council to protest against China's reinterpretation of the territory's Constitution which bars them from the right of abode. China's Parliament last Saturday overturned a landmark ruling by the territory's highest court that could have
      REUTERS  -  62 words
    • 523 8  -  FYotn Macabe Keliher in Taijm SOME three years ago, CY Lin, president of the world's biggest manufacturer of cathode ray tubes (CRT), had a vision of the future: he saw every bulky computer monitor and oversized TV set replaced by high
      523 words
    • SINO Briefs
      • 54 8 AFP [BEIJING] Foreign direct investment into China fell 6.6 per cent from a year ago in the five months to May, but is showing signs of recovery, the official International Business Daily said yesterday. China absorbed US$l3.9 billion (5523.6 billion) in investments during
        AFP  -  54 words
      • 62 8 Reuters [AUCKLAND] US trade officials held informal talks with Chinese officials yesterday but later stressed that restarting talks on China's WTO membership was Beijing's responsibility. Deputy US Trade Representative Richard Fisher also said that Taiwan's membership application to the WTO would not be
        Reuters  -  62 words
      • 41 8 Bloomberg [TAIPEI] Taiwan companies made investments worth about US$l3 billion (5522.1 billion) last year in mainland China, according to Taiwan Vice-President Lien Chan. The investment flowed through about 2,100 companies, he said on Sunday. Bloomberg
        Bloomberg  -  41 words
      • 69 8 AFP [HONGKONG] China-backed Guangnan (Holdings) is unable to trace documents related to receivables owed to the company worth more than HK$l billion (Ss22o million), its director and deputy general manager Frankie Li said yesterday. He said after the company's annual general meeting he was unsure
        AFP  -  69 words
  • Page 8 Advertisements
    • 354 8 11 li i 'i ii SK .NETWORKING FOR SUCCESS AT SUNTEC CITY. l I "Having so many leaders in the IT at Suntec City enables networking and the sharing of ideas." Saw Ken Wye, Managing Director, Microsoft Singapore "IT is such a fast-moving industry that if you're going to stay
      354 words

  • ASIA
    • 550 9 SEOUL Central bank says chaebol borrowed more this year for investment in financial products AFP SOUTH Korea's government yesterday pledged tough action against an ambitious push by conglomerates to dominate second-tier and non-banking financial institutions. The warning coincided with a central
      AFP  -  550 words
    • 451 9 SEOUL One-gigabyte chip expected to cnt production costs by np to 30%: analysts AFP SOUTH Korea's Samsung Croup said yesterday it had developed the world's first one-gigabyte next-generation tomputer chip, a milestone which analysts said would change the face of the tryI Samsung Electronics
      AFP  -  451 words
    • 482 9 Bloomberg [TOKYO] Japanese vehicle exports fell in May from a year earlier, the fourth straight monthly decline, as automakers boosted output abroad. Exports by Japan's 11 automakers fell 8.6 per cent to 308,661 vehicles, the Japan Automobile Manufacturers Association
      Bloomberg; AFP  -  482 words
  • Page 9 Advertisements
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  • THE WORLD
    • 549 10 WASHINGTON Clinton wants to use it for Social Security, Medicare and to pay off national debt Reuters US President Bill Clinton yesterday predicted the US government would generate an extra US$l trillion (Ssl.7 trillion) in surpluses over the next
      Reuters  -  549 words
    • 50 10 [RIO DE JANEIRO] A woman dressed as an extra-terrestrial on Sunday holding a poster during a protest against transgenic food at Copacabana beach in Rio de Janeiro. Leftists plan to demonstrate during the Latin America, Caribbean and European Union summit on June 28-29 in the Brazilian city. AFP
      AFP  -  50 words
    • 328 10 WASHINGTON Incomes increase at a slower clip, np 0.4% in May Reuters UNITED States consumers kept draining savings accounts to fuel spending which outstripped incomes in May, the Commerce Department said yesterday, in a report which suggested the economy continues to
      Reuters  -  328 words
    • 337 10 THE MICROSOFT CASE Reuters [WASHINGTON] After months of trial that exposed Microsoft Corp's bullying business practices and cast doubt on the credibility of chairman Bill Gates, the US government is unlikely to settle the case unless the software giant makes major
      Reuters  -  337 words
    • 519 11 AUCKLAND Posh to shift debate another blow to Apec's bid to free trade in region Reuters PLANS to implement tariff reductions in the Asia-Pacific region were near collapse yesterday after the United States and other Apec economies pushed for the debate
      Reuters  -  519 words
    • 191 11 LONDON Reuters BRITONS are sitting on some £30 billion (SsBl billion) in unclaimed pensions, dividends, long-forgotten bank accounts and other assets and are unaware of their fortune, BBC TV reported on Sunday. The BBC's Money Programme said the value of unclaimed insurance
      Reuters  -  191 words
    • 313 11 ULONDON Reuters THE British government has misjudged big business readiness for the millennium computer bug and is failing to get its message across to the private sector, Taskforce 2000 said yesterday. Taskforce 2000, a privately funded organisation seeking to raise awareness of the
      Reuters  -  313 words
    • 501 11 AUCKLAND Aussie DPM tells of circuit-breaker, says he'll be meeting Supachai and Moore AFP THE divisive battle for the leadership of the World Trade Organisation (WTO) is on the verge of being resolved, Australian Deputy Prime Minister and Minister for Trade Tim Fischer said
      AFP  -  501 words
  • Page 10 Advertisements
    • 1762 10 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 TD T THE INDUSTRIAL BANK OF JAPAN, LIMITED Head Office's Address: 3-3, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100, Japan BALANCE SHEET FOR THE YEAR ENDED MARCH 1998 NON-CONSOLIDATED BALANCE SHEETS NON-CONSOLIDATED STATEMENTS OF INCOME (in millions of yen) (in millions
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  • Page 11 Advertisements
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  • EDITORIAL & OPINION
    • 813 12  -  THE BOTTOM LIME OPINION By Leon Hadar The writer is BT's Washington correspondent THE capital city of the leading Western nation is awash with reports about a menacing espionage campaign being conducted by a rival military power. The mayor newspapers are
      813 words
    • 91 12 'English is like a river with many tributaries. No one can stop it from flowing. Anyone who tries to put intentional limits on their language, inhibits expression.' -BenOkri Nigerian British writer and poet, on the strength of the English language to transcend boundaries. 'Whenever you make an
      91 words
    • 616 12 EDITORIAL THE passage through the Thai Parliament last week of an 860 billion baht (5539.7 billion) Budget for 1999-2000 a 4.3 per cent increase in spending over the last Budget should have moved the markets. But it didn't The expenditure and its targets were perceived as
      616 words
    • 947 12  -  European opposition to super-foods could set EU on a collision course with the US By\ Shada Islam The writer is a Brussels-based journalist who contributes to BT SHAKEN by a sudden rash of food and drink scandals, Europe's increasingly food-anx-ious consumers are
      FILE PHOTO  -  947 words
    • 921 12  -  COMMENTARY Are technology and entrepreneurship creating new Eden? By Joe Rogaly FT THE sum of human happiness has never been greater. More people are living longer, healthier, wealthier lives than ever before. Before you throw up your hands in disbelief, ingest
      FT  -  921 words

  • EXECUTIVE LIFESTYLE
    • 302 13 CINEMA Kubrick edited movie to get R rating in US for his psycho-sexual thriller: Time AFP [WASHINGTON] US audiences will see a different version of the controversial movie Eyes Wide Shut from the rest of the world. Time magazine reported in its edition
      AFP; FILE PHOTO  -  302 words
    • 994 14  -  Fewer S African writers focus on black and white politics as more search inside themselves to tell their stories, reports emma thomasson EMMA THOMASSON Reuters THE dramatic story of good and evil, black and white, politics and passion that was the struggle against apartheid
      Reuters; FILE PHOTO  -  994 words
    • 269 14 CINEMA Reuters {SINGAPORE) The movie Rogue Trader which depicts the story of futures trader Nick Leeson who broke Barings Bank will likely open in Singapore in July, the month he could get out of jail, a Film distributor said yesterday. "We should
      Reuters  -  269 words
  • Page 13 Advertisements
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  • Page 13 Miscellaneous
    • 1013 13 CRYPTIC CROSSWORD 1 Row about second (7) L_J Lm h 5 Concerning the handler's pec- 10 Work as a char and make lots IST fIH 9V j|[ Hi of money (5,2) fj j--11 Express dissatisfaction and L__L_L—^B__L_L--L—l—— a tradesman (9) HH 12 One's in the right to stay in 1|
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  • Page 14 Advertisements

  • COMPANIES & MARKETS
    • 114 15 There will be no trading and settlement of shares on the Stock Exchange of Singapore on Dec 31 because of the Y2K issue, SES president Lim Choo Peng says. The Y2K issue is due to the date changing from Dec 31,1999, to Jan 1,2000. If
      114 words
    • 261 15 [SINGAPORE] The Stock Exchange of Singapore will not shorten the settlement period for share transactions, said SES president Lim Choo Peng yesterday, adding that the exchange would expand its computer system capacity to better cope with heavy trading volume. Any changes to the
      261 words
    • 403 15  -  Restructuring seen as patting bank in a different league Conrad Raj [SINGAPORE] The market appears to have given the thumbs-up to DBS Bank's proposed restructure under a new holding company, sending its share price soaring yesterday by $1 at one stage to the highest ever
      Source: Bloomberg  -  403 words
    • 748 15  -  HOCK LOCK SIEW Anthony Rowley IS Japan's nascent economic recovery driving the Tokyo stockmarket, or is the firm recovery in stock prices pulling the economy out of recession? The question is a circular one and the answer is that a self-reinforcing process appears to have
      748 words
    • 449 15  -  GEARING UP FOR Y2E Exchange has invested $10m in tests, excluding software and hardware upgrades Rejmrts by i Toh Han Shih [SINGAPORE] The Stock Exchange of Singapore (SES) has drawn up contingency plans for the Y2K issue, despite having successfully conducted
      FILE PHOTO  -  449 words
    • 184 15 [SINGAPORE] First Capital Corp (FCC) has once again raised its stake in Ong Beng Seng's Hotel Properties Ltd, buying $30 million worth of shares. HPL said in a statement yesterday that FCC subsidiary Mimax Ribbons Pte Ltd bought 20 million
      184 words
    • COMPANIES
      • 384 16  - Kim Eng's net profit jumps 34% to 14.1m CORPORATE RESULTS Results helped by market recovery, write-b&cks in provisions w Wong Wei Kong [SINGAPORE] Broking house Kim Eng Holdings yesterday reported a 34 per cent rise in net profit to $14.1 million for the year ended March, helped by the recovery
        384 words
      • 276 16  -  By\ David Boey [SINGAPORE] Diversified transportation operator Hai Sun Hup has reported a 15.8 per cent drop in group net earnings to $30.5 million for the year ended March 31, 1999, as the Asian economic crisis took a toll on its operations.
        276 words
      • 316 16  -  Aussie developer AV Jennings gives group a strong lift Carol Eng {SINGAPORE] Jack ChiaMPH (JC-MPH), whose control is passing into the hands of property trader Simon Cheong, yesterday reported a 50 per cent surge in full-year net profit to $12.1 million. The
        316 words
      • 449 16 Company expects better performance in current year [SINGAPORE] Sesdaq-listed Sincere Watch has managed to put the brakes on its earlier profit slide another indication that the retail sector could be bottoming out. For the year to end-March, group net profit
        449 words
      • 284 16 DEBT-LADEN Pacific Can Investment Holdings said yesterday it staunched the flow of red ink to $1.62 million for the six months ended March 31, from $3.66 million previously, but it expects to stay in negative territory for FY99.
        284 words
      • 189 16 [SINGAPORE] Sesdaq-listed Tai Sin Electric Cables Manufacturer is placing 12 million new shares to raise about $6 million to buy equipment and expand. The firm said the placement, managed by OUB, was at $0,495 per share a 9.34 per cent discount to
        189 words
      • 261 16 [SINGAPORE] The Econ International stock yesterday closed at its highest level in over a year, following a weekend announcement that the company was raising more than $45 million from a share placement. The counter was 2.5 cents up at 94.5 cents its highest since
        Source: Bloomberg  -  261 words
      • 181 16 USslom paid for Pacific Media's 49.9% stake [SINGAPORE] Pacific Internet has bought out its partner in Pacific Supernet (HK) for US$lO million ($l7 million) but does not rule out getting a new one. The company said yesterday that it had acquired Pacific Media pic's
        181 words
      • COMPANY Briefs
        • 63 16 [SINGAPORE] First Engineering, a manufacturer of precision moulds, yesterday said chairman Ong Sin Seng last week sold seven million shares equivalent to about 10 per cent of the company. The shares were sold at $1.07 each on the open market. Yesterday, the counter closed
          63 words
        • 163 16 [SINGAPORE] Motor car distributor Inchcape Motors yesterday said it has appointed Mark Choong Liong On as finance director from tomorrow. The company also bid farewell to a former chairman and welcomed another two new non-executive directors. Mr Choong is now Inchcape Motors' group financial controller
          163 words
        • 108 16 [SINGAPORE] Asia Pacific Breweries last night announced the acquisition of the 20 per cent equity interest that it does not already own in its subsidiary, Hainan Asia Pacific Brewery. The subsidiary is now, therefore, wholly owned. Asia Pacific Breweries said the US$5.4 million (559.2
          108 words
        • 66 16 {SINGAPORE] Keppel Land said yesterday that all 46 million shares placed out by Keppel Corp last Thursday have been taken up by Jardine Fleming Securities Ltd. Because of the strong demand, KepLand said the greenshoe option for an additional five million shares was exercised
          66 words
        • 90 16 [SINGAPORE] Liang Court Holdings announced a revamped lineup for its board of directors which will take effect from today. Lim Chin Beng and Liew Mun Leong have been appointed to its board as chairman and deputy chairman respectively. Kee Teck Koon has been appointed chief executive
          90 words
        • 73 16 [SINGAPORE] Roly International Holdings Ltd directors Wang Lu Yen and Ernest Wang Lu Hong have pared down their stakes in the company. The mainboard listed unit said Wang Lu Yen disposed of 8.69 million Roly shares at 55.35 cents apiece, bringing his stake in the
          73 words
      • COMPANY Briefs
        • 68 17 Bloomberg [HONGKONG] Regent Pacific Group, the only listed ftind management group in Hongkong, reported a HKJSO.3 million (5511.04 million) loss for the year to March. The firm, one of the last financial services groups in Hongkong to report its full-year 1998 earnings, saw its
          Bloomberg  -  68 words
        • 93 17 Bloomberg [HONGKONG] Hopewell Holdings Ltd will get back some of the HKSI.4S billion (*****.27 million) the Hongkong-based developer spent on a cancelled rail system in Thailand, according to founder and managing director Gordon Wu. "We'll get paid back 50 cents on the dollar or something
          Bloomberg  -  93 words
        • 59 17 Bridge News [TOKYO] The brokerage units of Fuji Bank Ltd, Sakura Bank Ltd and Tokai Bank Ltd aim to buy regular memberships of the Tokyo Stock Exchange by early August. The firms have informally applied to the exchange for approval to buy memberships that
          Bridge News  -  59 words
        • 78 17 Reuters [HONGKONG] The Stock Exchange of Hong Kong (SEHK) Options Clearing House Ltd says the contract terms of existing options series on HSBC Holdings pic will be adjusted in the ratio 0f0.3333 after the market closes on July 2. The adjustment was made under
          Reuters  -  78 words
      • 318 17 It sees operating profit doubling to NTssb in 1999 Bloomberg [TAIPEI] Acer Inc. one of the world's top 10 computer makers, is heaping one-time gains on top of what it expects to be a doubling of 1999 operating earnings, trying to make
        Bloomberg; Source: Bridge  -  318 words
      • 447 17 Bloomberg [PARIS] Suez Lyonnaise des Eaux SA, the world's biggest water company by customers, has agreed to buy Nalco Chemical Co for US$4.l billion (Ss7 billion) in cash, boosting its water-treatment business abroad to catch up with Vivendi SA. Suez will
        Bloomberg  -  447 words
      • 471 17  -  Analysts say its huge short-term liabilities outstrip RM990.5m shareholders' funds From Eddie Toh in Kuala Lumpur THE fate of Technology Resources Industries (TRI), a listed company controlled by Tajudin Ramli, is "dependent upon the successful completion" of a restructuring exercise to resolve
        471 words
      • 115 17 [SEOUL] South Koreans on Saturday waiting to get free cups of Coca-Cola from public relations representatives of the Coca-Cola Company on a street in Seoul. The soft-drink maker suffered a recent bout of bad publicity following cases of suspected food poisoning due to a
        AFP  -  115 words
      • 340 17 Bloomberg [SYDNEY] John Fairfax Holdings Ltd, an Australian newspaper publisher, will build a new As22o million (Ss24B million) printing press in Melbourne to boost its presence in the colour printing business. Fairfax, publisher of the Sydney Morning Herald, The Australian Financial Review
        Bloomberg  -  340 words
      • 449 17  -  ROC search reveals young, little-known company directors From, Ruth Wong in Kuala Lumpur THE three private firms which are buying into the Multi-Purpose Holdings Bhd (MPHB) group of companies are inter-related either through common shareholders or common directors, according to data obtained
        449 words
      • 318 17 Bloomberg [KUALA LUMPUR] Hicom Holdings Bhd, which controls Malaysia's biggest carmaker Proton, slipped into a loss in fiscal 1999, because of a slump in car sales and a delay in the sale of its stake in a cementmaker. Hicom,
        Bloomberg  -  318 words
    • FINANCE & COMMODITIES
      • 506 18 Different work styles, retirement plans may create boardroom crisis FT [NEW YORK] Board members of Citigroup, the world's largest financial services group with a market value of US$l4B billion (***** billion), are pushing for Sandy Weill and John Reed, the joint chief
        FT  -  506 words
      • 281 18 Bridge News [HONGKONG] HSBC Hold ings said yesterday that a challenge to its takeover of Republic New York Corp was unlikely to delay its bid for the US retail bank, though it wouldn't comment in detail. The challenge, by community
        Bridge News  -  281 words
      • SMALL Change
        • 70 18 No takeover bid for Bradford Bingley Reuters [LONDON] British building society Bradford Bingley has denied a newspaper report that National Westminster Bank Pic had approached it with a £2.5 billion (Ss6.B billion) takeover bid. The Sunday Telegraph cited an unidentified close observer as saying Nat West, one of Britain's four
          Reuters  -  70 words
        • 120 18 Bloomberg [NEW YORK] Bankers Trust Corp chairman Frank Newman (above) expects to get less than US$lOO million (SSI7O million) from Deutsche Bank AG if he leaves the bank that bought his firm, according to an official who spoke with him. Mr Newman met Deutsche Bank
          Bloomberg  -  120 words
        • 79 18 AFP [TOKYO] US credit ratings agency Moody's Investors Service has affirmed its medium grade Baa 2 ratings for Japan's top brokerage Nomura Securities Co Ltd. Moody's cut the firm's rating by one notch in March and has been reviewing its condition since. "The ratings confirmation reflects
          AFP  -  79 words
        • 71 18 Bloomberg [SEOUL] Hana Bank says it is in talks to sell a stake to an unidentified foreign commercial bank in a bid to upgrade its financial expertise. However, Hana Bank and Citibank NA denied a Korea Economic Daily report that said the two
          Bloomberg  -  71 words
        • 62 18 Reuters [MOSCOW] Russia's state agency in charge erf" restructuring the bank sector has chosen a firm that will offer insurance services to restructured banks, according to the insurer. "We are talking about insuring the range of bank risks," Savings Partnership for Insurance said. It said this
          Reuters  -  62 words
      • 174 19  -  [Reports MSCI Singapore Index Larry Tee, Jardine Fleming THE MSCI Singapore Index settled lower yesterday on concerns that the US Federal Reserve may embark on a series of interest rate increases. The market opened higher after the release of the better than expected
        174 words
      • 161 19  -  MSCI Taiwan tatores Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures posted a slight rebound yesterday morning after Friday's huge slump. Bargain hunters bought at dips after the market opened, triggering short covering during the first half of the trading session. The rallies
        161 words
      • 284 19 ENERGY REPORT Reuters [LONDON] Oil prices were little changed yesterday as dealers took stock of a market where surplus inventories are expected to give way to a rapid stockdraw in the second half of the year. London August Brent blend futures traded
        Reuters  -  284 words
      • 326 19 Reuters, AFP London THE US dollar was firm against the euro at the end of a quiet European session yesterday, and was kept above 121 yen by fears of Bank of Japan's intervention. Analysts said the dollar remained trapped in narrow ranges as dealers were reluctant to put
        Reuters,; AFP  -  326 words
      • Article, Illustration
        1234 19 HTBEBAMI CROSS RATES JimM A$ O Nt Urn Ffr Dm H*S tad fa Buplah Yen Wow Ml HQWh Mo S$ Band Sfr MT$ Bafct fond US$ Australia 0.969 6.178 0.635 4.163 1241 5.136 29.702 44.288 0.803 7.654 2.516 1236 ***** 25.127 1.128 4.012 1.014 21.422 24.371 0.417 0.662 Canada 1.032
        1,234 words
      • 1818 19 8IC0M FPTPIBS Jun28 WJMCR (Marts doita|M at SJOpn) MS 1 CONTRACTS cwtiAg) Cloao Voteaw Opan MoHtii Mfk Low Sett (tWH) Intarest M99 *>2-25 Am 99 >03.00 300 Sep 99 >05.75 900 Oct/Ooc 99 "0.25 1050 Jan/Mar 00 115.00 300 Apr/Jan 00 1»-50 RSS 3 CONTRACT (UScaat*/*) tmmtti Hjjfc Uar Sttt
        1,818 words
    • Article, Illustration
      1385 20 AFP p| Hang Seng +55.78 HONGKONG share prices rose 0.4 per cent yesterday, with investors cautious ahead of a looming US interest rate increase this week, dealers said. "There is nothing in particular to move up the market with the futures expiry tomorrow," said Sean Li, associate director at
      AFP  -  1,385 words
    • Article, Illustration
      613 20 Reuters n Shenzhen B Index +8J) SHENZHEN'S hard currency B share and domestic A share ended with heavy gains yesterday, boosted by news that a vice-premier joined a recent chorus of government verbal support for China's stock markets. The B Share Index surged 8.90 points, or 7.72 per cent,
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  613 words
    • 347 20 AFP QWP Index +15.49 TAIWAN shares prices rose 0.2 per cent yesterday on mild bargain-hunting in the technology and plastics sectors, dealers said. "Buying interest is especially strong in technology shares on expectations of robust exports of electronic products later this year," said Jerry Huang at President Securities. The
      AFP  -  347 words
    • 2326 20 LONDON ludaifrltlt Jw2i h»M 31 Group 7.45 -0.14 Abbey National 12.41 -0.07 A B Foods 4.39 -0.12 A 8 Ports 2.96 unch Alliance t L«c«t« 8.75 -0.06 Allied Oomecq. 6.07 0.10 ANied Zurich 7.91 -0.05 Anglo American Gold 43.70 unch ASOA Croup 2.17 0.01 Bonk of Scotland
      2,326 words
    • 1634 20 AFP H Nikkei 225 4174.06 TOKYO share prices rose one per cent yesterday, heartened by a rebound on Wall Street at the weekend, but investors were cautious about an expected rise in US interest rates this week, brokers said. Foreign investors and domestic institutions remained net buyers as the
      AFP  -  1,634 words
    • KUALA LUMPUR STOCK MARKET
      • 444 21 AFP n Composite Index +14.48 MALAYSIAN share prices closed 1.8 per cent higher yesterday aided by strong buying interest due to expectations of a snap general election, dealers said. They said investors expected a pre-election rally and were buying on speculation. "It is
        AFP  -  444 words
      • 8855 21 INDUSTRIALS Consumer products 1999 Last Vol Day Nat Cap Law C—»—y Sate 'OOP l»» L— M $wH MO 255 Ajlnomoto 370 8 12 370 300 23.5 150.0 137 46 Angkaia 116 3 548 117 114 171.0 296 220 Apollo Food Hlg 290 -1 337 296 288 10.1 116.0 217 115
        8,855 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 188 22  -  WARRANT WATCH -By Ven Sreenivasan FLEXTECH Holdings has been zooming to new highs in recent weeks. While much of the rise may have been due to speculative churning, many buyers have also been attracted to the stock by several recent developments. Venture capitalist Mark Geh's
        188 words
      • 242 22 HONGKONG STOCKS Gr Gr 52-Wk Last Vat Day Last Ouota Dlv Div YM N«t M Cap High Low Stno Company Sata COOP) Hj» L— Buyac Mlg C »f H P/t SmH 365 173 5123 COL (2000) HK 330 unch 6 330 330 330 335 8 3.7 2.4 112
        242 words
      • 2328 22 BONDS. LOANS i WARRANTS Wt 52-Wk Last Vol Day Last Ouot« Avg High Low Stno Company Sato *or- COOO) High Low Buyor Sailor Prlco MS 3 S 3160 "Acor ******1USS 1 84 5 2 5 663 89 83.5 83.5 85 80 4.5 3164 Acma ******4 73.5 -1 822 76 73
        2,328 words
      • 291 22 AFP Q Wellington -IL6 SHARES closed down 0.5 per cent yesterday amid caution ahead of the meeting this week of the US Federal Reserve's policy-making committee, dealers said. The NZSE-40 Capital Index ended down 11.60 points at 2,136.07 on light trade of NZ562.96 million. AFP Jim 26 MS (000)
        AFP  -  291 words
      • Article, Illustration
        891 22 AFP n SET Index -1L97 THAI stocks fell 2.2 per cent yesterday on concern over an expected increase in US interest rates, dealers said. Selling in bank stocks was particularly pronounced as investors nervously eyed a meeting of the US Federal Reserve Open Markets committee (FOMC) due today. A
        AFP  -  891 words
      • 416 22 AFP n Composite Index +20.97 SOUTH Korean share prices rose 2.4 per cent yesterday to shoot past the 900-point resistance level on active program buying sparked by a firmer yen and stronger regional markets, dealers said. "The market appears to find it hard to extend further aggressively," LG Securities
        AFP  -  416 words
      • 664 22 AFP PI AD Ordinaries +30.3 AUSTRALIAN shares closed up one per cent yesterday after a rally in resource stocks inspired rises in the broader market, brokers said. The All Ordinaries Index finished up 30.3 points at 2,990.3 with the All Resources Index up 2.8 per cent or 33.6 points
        AFP  -  664 words
      • Article, Illustration
        758 22 AFP Q Composite Index -LO3 INDONESIAN share prices closed fractionally, lower yesterday on profit-taking in large caps and amid caution on moves that could affect Wall Street, brokers said. A dealer with Exim Securities said that after gains in the morning profit-taking emerged in large caps such as Sampoerna,
        AFP  -  758 words
      • 336 22 AFP C 3 Manila -L 93 PHILIPPINE share prices closed marginally lower yesterday on concerns the US Federal Reserve would raise interest rates this week. The Composite Index fell 1.93 points to 2,462.05. Volume was up at 11.07 billion shares valued at 16.9 billion pesos, from Friday's 6.53 billion
        AFP  -  336 words
    • 7427 23 Transaction date: Jun 28 Cr Cr M Wt 52-Wh Last Vol Day Hit Ouot« Dlv Olv YM Nat Cap Avq High Lew StNo Company Sale COOP) High Low Buyer Seller H C'»f P/C $mll Prkrt MULTI-INDUSTRY 174 17.5 m b 1000 Acma SOc 168
      7,427 words
    • 1504 23 Or Or M Wt 52-Wk Last V* Day Laat Ouota Otv Mv YM Mat Cap A** High Law StMa Ciw»i«y Sata COOP) Law Buyar HBaf Clr E/t Erica MANUFACTURING 148 30 t 2049 AS Auto tOe 143 »4 2751 147 140 142 143 ION 0.7 163-3 139 110 45
      1,504 words
    • STOCK EXCHANGE OF SINGAPORE
      • 405 24 Stocks Volume IPC Corpn 5c 165,754,000 l-One 5c 116,646,000 SMB United 10c 88,767,000 Frt Links 20c 56,732,000 Hotting Inv NT5 49,475,000 Samudera 10c 46,729,000 ICTHKIOc 46,444,000 Asia Food&Prop 42,720,000 Lianq Huat 10c 40,569,000 Twinwood 5c 38,575,000 Mutt l-One5c 190,473,930 IPC Corpn 5c 76,381,410 SMB United 10c 56,192,915 Serial Sys 10c
        405 words
      • 633 24  -  STOCK MARKET COMMENTARY Bine chips poll back ahead of Fed interest rate meeting, bnt dealers say sentiment remains upbeat Ven Sreenivasan BLUE chips pulled back yesterday ahead of this week's US Federal Reserve interest rate setting meeting, while second liners continued to ride
        633 words
      • ON THE GRAPEVINE
        • 72 24 CLOB investors, mainly retail players in Singapore, hold a staggering 55 per cent in Malaysian-listed Idris Hydraulic. According to its latest annual report, their authorised nominee vehicle, the Central Depository (Pte) Ltd, owns 328.1 million Idris shares. Idris is now in financial difficulties. Besides a
          72 words
        • 97 24 WE hear on the grapevine that Richard Seow, vice-president of investment banking at Goldman Sachs, is sprinting ahead to bigger things. He has quit Goldman and will be joining Salomon Smith Barney, part of the Citigroup, as managing director and co-head of South-east Asian investment banking.
          97 words
        • 95 24 PERHAPS it's because technology is advancing so fast but apparently so are the tastes of men and women in the UK. At least this was the finding of a dating agency's survey of the pastimes of 10,000 people over the last five years. Agence France Presse quotes the
          95 words
        • 139 24 IF you can't have Bill Gates' billions, or live in his new house, at least you can drive his car. Car Scene.com (www.carscene.com). a new online auction site for specialty cars, is auctioning off the Lexus LS 400 once owned by the Microsoft founder. The
          139 words
      • Article, Illustration
        61 24  -  11 iui i By Wong Wei Kong SIN Soon Huat shares rose 4.5 cents yesterday to a record high of $0,625 on a volume of 29.4 million shares, compared with its 10-day traded average of 14.2 million units. The daily and weekly RSI, Stochastics and MACD charts indicate
        61 words
  • Page 15 Advertisements
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      76 words

  • Page 16 Advertisements
    • 93 16 We provide consultancy services on offshore 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
      93 words

  • Page 17 Advertisements
    • 102 17 Hotel 81-Palace Hotel 81 Orchid S Hotel 81 Star Hotel«l Hotel 81 Hollywood am* rooms (Colour T\ 25 Lorong 16 Geylang 21 UsW&Geylang 31 U)ronglB(kylang 2\laiyngl2Ge)'lang M Lorong 2Q Geylang (>lLomgBGe)lang Tel: 440 8181 Tel: 846 8181 Tel: *****81 Tel: 842 8181 Tel: *****81 Tel: 383 8181 KWBfiiTiil i)il Bi
      102 words

  • Page 18 Advertisements
    • 1199 18 f O The Sanwa Bank Limited 1 fln (INCORPORATED IN JAPAN) Non-Consolidated Balance Sheets Non-Consolidated Statements 31 st March, 1998 and 1997 of Income and Retained Earnings For the years ended 31st March, 1998 and 1997 Millions of yen Millions of yen ASSETS 1998 1997 Income: 1998 1997 Cash and
      1,199 words
    • 409 18 yMGeminareries i Goods Services Tax Workshops Orchard Hotel Singapore, 9.00 am to 5.30pm What The GST Services Team of KPMG will be conducting a series of GST workshops between July and November. Why Attending the workshops will give you the requisite confidence in preparing, reviewing and approving GST returns in
      409 words


  • Page 20 Advertisements
    • 31 20 -v Jr "-3SL Z. 4L.. A 9 ,-u W 1£ 3fc- JF "4f- JML Money Matters What's moving, who's moving it, why Every Wednesday in 1 HKBISINLSSTIMES "wfe*. -riSS? *i*<s«ro«r -ki.l
      31 words




  • Page 24 Advertisements
    • 1950 24 Is your portfolio lagging the hot bull market? You need DBS Investor Online! Get the Best. Call 438-1188 today. 88DBSBANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TRI-LINK SERVICES PTE LTD (la
      1,950 words

  • SHIPPING TIMES
    • 157 25 Bridge News, Reuters THERE was a pause in trading after the sharp rise in rates on the key US Gulf to Japan Panamax grain run, brokers said. Once again the trading slowed as both sides took stock of the latest move which has been seen as positional. Mixed
      Bridge News,; Reuters  -  157 words
    • 266 25 Mil u *t- m CWT Distribution L72 undl MO ChoanHup 1.46 aOI 6596 Cosco tnvaatmant—L49 0* 2673 FrMMLMu 0.47 0.03 ***** 06 Holdings U4 0.14 3769 Hal Sun Hi* 0.97 0.01 «99 IMC HoMngi-HK —5.60 undi 0 JayaMoMbiqs 124 0.03 4637 jurong SNpyart —635 0.15 214 Ka»a?Cin»-. 5.95
      266 words
    • 411 25  -  Global Marine launches cable laying barge, built by Labroy Marine By Marcus Hand [SINGAPORE] Global Marine, a former division of Cable Wireless, launched a US$lO million (Ssl7 million) cable-laying barge last week, its third for the region, as the rapid growth of Internet and
      FILE PHOTO  -  411 words
    • PORT Shots
      • 99 25 Bernama [MELBOURNE] A Malaysian company has been fined more than A 520,000 (5522,580) for causing an oil spill off the north Queensland coast last year. According to a report on the Australian Broadcasting Corp (ABC) radio, about 45 litres of heavy fuel oil
        Bernama  -  99 words
      • 61 25 [LONDON] Poor ignition quality of bunkers is causing engine damage, says The Swedish Club. The Club is receiving increasing numbers of engine damage claims caused by ignition delay, which leads to rapid fouling of engine parts, especially in medium-speed diesel engines. It recommends that owners use
        61 words
      • 52 25 [LONDON] Ships over 300 gross tons passing through the Dover Strait will have to report to Dover coastguard from Thursday. The mandatory system replaces the previous voluntary arrangement in a bid to provide better monitoring and identification of vessels in one of the world's busiest
        52 words
    • 241 25 Reuters [LONDON] The General Electric Co (GEC) is expected to buy the Kvaerner Govan shipyard in Glasgow, the Guardian newspaper reported. A deal on the yard is due to be finalised by the end of last week, the paper quoted a union leader as
      Reuters  -  241 words
    • 252 25  -  By. Marcus Hand [SINGAPORE] International liability and equipment insurer Through Transport Mutual Services (TT Club) saw premium income growth of over 14 per cent last year despite a very soft market and fierce competition. The TT Club's premium income grew 14.3 per
      252 words
    • 179 25 AFP [TBLISSI] A total of 32 vessels belonging to Georgia's national shipping line were seized all over the world Friday because the company could not pay US$l32 million in debt, the line said. "If Georgia does not begin to repay these debts within
      AFP  -  179 words
    • 1092 26  -  AIR TRAVEL More passengers die of heart attacks than in air crashes, and both airlines and customers should take precautions liu Farrol Kahn The writer is a director of the Aviation Health Institute, UK FT ONLY one in 10.000 air passengers falls ill while
      FT; FILE PHOTO  -  1,092 words
    • 218 26 PACE ECU Line 6 ACL 6 "L 4 ANl 3 E»wgreen 6 ft Accord 8 foonflSun 8 Appenship 5 C L,n 4 Austral 8 C«m«1ran$ 6 Balaji Shpq 4 «**)<• BSA 7 H*jh 3 B tang Mas 8 Heung-A 4 CCNI 7 Hyundai 7 CMA 8 'CFS
      218 words
    • 20456 33 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest n Name Name Number Number 15/07 »/0« Evergreen E. GLEAMV 0293 068W 65 392mt To ABIDJAN (ABJ) 2003 Cote D'I voire 20/07 woa KienHung excellence contain
      20,456 words
    • SHIPS IN PORT
      • 805 37 Vessel Voy No Berth Arrival Departure IT Wuti 4 *****9 'JT alongside 29.06/0100 BT Titta Ln JUN28 Jl alongside 29.06/0300 Marcopolo 22 POTT141 J17/18 alongside 29 06/0600 Marcopolo 46 02/99J J7 a tongs K* 29.06/1500 NO Sunday 131 J4 alongside 29 06/2200 P«J 2509 1906 J12 alongside 29
        805 words
      • 1837 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From AINI Oft* C032E 01/0900 U 21/800 21/1659 21/1900 W 28/1500 28/1659 28/1900 2A 21/1700 29/0659 29/0900 2* 28/1700 29/0659 29/0900 1 29/0700 29/TI59 29/M00 4 29/1200 29/M59 29/T700 MM SB
        1,837 words
      • 193 37 Jan 30 Brunei: Half Year Bank Closing. Jail Canada: Canada Day. Jul 14 France: National Day. Jul 15 Brunei: HM The Sultan's Birthday. Jul 21 Belgium: Independence Day. Anf 2 Ireland-Republic Of: August Holiday. Aof 9 Singapore: National Day. South Africa: National Women's Day. Aaf 12 Thailand: HM
        193 words
      • 826 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
        826 words
      • 561 37 Carbon 180 Mai 990.6 2.0 17.4 0.10 78 0.05 Ju« 24 Density Water Residue Ash Aluminium Sediment Wo above E2S 0 16 0 0 0 380 Ave 986 9 0.3 U.O 0.06 37 0.02 i" 380 Mai 992.8 0.8 19.2 0.09 90 0.06 H6/W3 »M/w %«/>
        561 words
    • AIR & LAND TRANSPORT NEWS
      • 386 38  -  Air express giant cautiously optimistic about prospects out of S'pore this year By: Marcus Hand [SINGAPORE] International air express giant FedEx is "cautiously optimistic" about its prospects out of Singapore this year, and is looking to e-commerce to drive growth in the future. "It's
        386 words
      • 298 38 Reuters [MANILA] A Federal Express Corp Airbus cargo plane overshot the Manila airport runway while landing yesterday and was heavily damaged but there were no immediate reports of casualties, airport officials said. "The runway was slippery because it was raining a little at
        Reuters; REUTERS  -  298 words
      • 191 38 Bloomberg [SEOUL] Korean Air Co, South Korea's flag carrier, said it signed a five-year, US$3O million contract with FlightSafetyßoeing to conduct regular safety checks on its pilots. "This pact reflects new management's commitment to put safety as its top priority," said Mulan Cho,
        Bloomberg  -  191 words
      • 444 38 Reuters [SYDNEY] Australia's flagship airline Qantas Airways Ltd said yesterday it will continue its push into the lucrative US market ahead of the 2000 Olympic Games but will first get its new American services off the ground. "It's all about connecting with the
        Reuters; FILE PHOTO  -  444 words
      • 133 38 Reuters [SYDNEY] Qantas Airways Ltd officially opened its new As2so million (*****.5 million) domestic terminal in Sydney yesterday, increasing the Australian airline's passenger capacity at the airport by one-and-a-half times. Qantas said in a statement the new Sydney terminal took five years to build
        Reuters  -  133 words
      • LOG Book
        • 89 38 Bloomberg [ROME] Alitalia SpA, Italy's No 1 airline, said its partnership accord with KLM Royal Dutch Airlines NV does not call for financial penalties if Alitalia is not sold to investors In its entirety by June next year. The company, which is 53
          Bloomberg  -  89 words
        • 58 38 Reuters [SYDNEY) New South Wales Premier Bob Carr said yesterday the International Air Transport Association will hold its 2000 annual general meeting in Sydney, the group's first AGM here in nearly 40 years. Hie meeting, expected to draw some 800 lata members, will
          Reuters  -  58 words
        • 89 38 AFX-Asia [HONGKONG] Cathay Pacific Airways' current cost per available tonne kilometre is HKS2J2O (550.48), against which the airline has a year-end target of HKS2.OO, deputy chairman and chief executive David Turnbull said. "A key goal for us is to reduce our cost to HKS2.OO per
          AFX-Asia  -  89 words
        • 71 38 AFX-Asia [MANILA] The Securities and Exchange Commission said it has approved Philippine Airlines' request to return the three remaining Fokker 50 aircraft as it cancels a lease contract with Aircraft Financing and Trading BV. In a two-page order signed by chairman Perfecto Yasay, the
          AFX-Asia  -  71 words
      • 1859 38 CITY FltCHT ETA FU6HT ETT) S***** 1605 NZ4579 2350 MM* 1*7*1 1930 8A7382 2055 "50 Of81 1930 Of82 2055 6 1815 LH *3™ "55 AN8229 S0Z6 Z35S LH6380 2230 Fakaaka SOW 1530 S0990 0105 $0229 2230 Gy»ngihou HK S0803 1905 CZ354 0910 AMtartM KL843 0435 CA972
        1,859 words
  • Page 25 Advertisements
    • 550 25 Air travel; The risk of death in mid-air More passengers die of heart attacks than in air crashes. Page 2 People n m TDB shipping seminars The Export Institute of Singapore and the Singapore Trade Development Board are launching a series of seminars tailored to the business needs of the
      550 words
    • 18 25 FedEx looks to e-commerce for growth Air express giant cautiously optimistic about prospects out of S'pore. Back Pag©
      18 words

  • Page 26 Advertisements
    • 794 26 r 7 -—wr [SUPER SHUTTLE EXPRESS IOULF KARACHI EXPRESS (QKX) vqyagi too sm"~ vissa wt ma dmn »ah mo m cot wo sin OOQCHNU 32W524 14/00 04/07 POO NBUOYD DAMMAM 471 U/M 11/ M 10/04 20/04 25/04 29/04 03/07 04/07 oocloritain 25*525 23/04 11/07 ooaania 35W524 30/0* 10/07 nykvmgo m
      794 words
    • 852 26 #Mn»«OlK by Members of the Registry of fj Singapore Freight Forwarders Accredited Shipping Agents Association Singapore Shipping Association |fjjj LILY UNE MALE I VESSEL VOY ETA TETA Tlu P. KLANC SPORE MALI Princess Lily V 0799 06/07 07/07 16/07 Empress Lily V 0399 24/07 25/07 01/08 Empress Lily V 0499
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  • Page 27 Advertisements
    • 1156 27 I SAX SERVKE (MRECT) 1 lwfwn VOT SWEtt UU OAK MM HQU <H g» W *5: HTC /HVfIMT oig~ 30/06 15/07 20/07 20/07 20/07 20/07 20/07 20/07 21/07 21/07 mgm Olg 07/07 22/07 27/07 27/07 27/07 27/07 Z7/07 VM M/ 07 28/07 mnJMUOIg 02tt 14/07 29/07 03/00 03/0» 03/0> 03/00
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    • 2112 27 till— W»in Itortt' HANJIN SHIPPING iik 1 iJ iMs My* Lo. -Sobs ****** HAMJIN SHIPPING (S) PTIITP K» *m to" MOWM 73T073S 737 SAIiS *****74 738 DOCUNHfI *****71 774 OfWIKHIS *****50 751 MAIMI«t *****5S FAX *****60 CIOO 11 534<*****M TO NW USA CANADA USA CANADA* RMVSI/VOT MM SM LMNAU/VOT SU
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  • Page 28 Advertisements
    • 1737 28 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEAJ^CANADA Vtsstl WT W LEW HTM AMB HAM BHV FL» VESSiL VOY SHI I BIT Sl* FOS AC MTB nUDi SUE* WQO2O 02 07 aO7 25 17 22 07 23 17 25 B7 WASHINGTON SENATOR WM929 rt?! 11(7 20 B7 22 07 24 07 01
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    • 950 28 AAfIMAC-NELS S PORE M'SIA Carrier: MN CONTR LINES, INC P. GUDANG: (07) *****26 I 1-I\-/\ J MO; **********0E SiBU: (064) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKT: (21) *****45 KUCHENG (082) *****1-3 CHITTAGONG VANCOUVER MV "KOTA BERJAYA" V.BJ 161
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    • 750 28 1 EXPRESS CONTAINER FEEDER FOR N.SHEVA/ COLOMBO Vessel S PORi N SHEVA COLOMBO PKLANG TULSIOAS VllO ?6 JUN 06 JUL 13 JUL 11 JUL B MASTIGAVII7W OS JUL 13 JUL 20 JUL »JUL CAPE CANAVERAL V 10«W 1? JUL 20 JUL 27 JUL 01 AUG TULSIOAS V 111 19 JUL
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  • Page 29 Advertisements
    • 1630 29 vessel voy khh hkg sin pkg pqb 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 TEYFOURI
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  • Page 30 Advertisements
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  • Page 31 Advertisements
    • 419 31 BSfl x %mgk MYANMA wSBk FIVE STAR LINE r (Myanmar National Line) W Loading for Yangon (Rongoon) VESSEL VOT SIN PKL PEN POU SAGAING 60W SID PAGAN 268W 30/06 MALAYSIA AGENTS: IOUSTEAD SHIPPING AGENCIES KUL m (03)*****00 PKL- HI (03)*****01 PEN: HI (04) 2612*02 PGU: TEL (07) *****21/4 V—A BANK
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    • 1153 31 HMAf'* "T HYUNDAI MERCHANTjMARINE_CO i; _LTD. g Ivcsa voYisomißi|RT»i|Aiff|HAN|wv|m|an J*? M/ 06 ~U/wTs/W Tt/07 TO/07 NOLMIS 0091 11/0* 12/0* 06/06 M/ 0* 30/06 fVES! auai 19/07 24/07 21/07 22/07 OK 5531 07/06 12/06 09/06 10/06 01/07 SJ£i nna 74/07 18/07 20/07 OHM 5271 11/06 19/06 13/06 15/06 07/07 TAM "J*
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  • Page 32 Advertisements
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  • Page 33 Advertisements
    • 50 33 INTRODUCING OUR NEW FAR EAST USA TRANSPACIFIC EUROPE SERVICE Turn To Pg 6 cm i CONTAINER (every mon/wed/fri) EXPRESS SERVICE MSC A B encies Pte Ltd Turn To Pg S For Service From PASIR GUDANG/ SINGAPORE MIDDLE EAST/VIETNAM China Shipping (S) Agencies Pte Ltd j H CONTAINER LINE Pg 4
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  • Page 35 Advertisements
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  • Page 37 Miscellaneous
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  • Page 38 Advertisements
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