The Business Times, 30 June 1999

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Total Pages: 42
1 42 The Business Times
  • 12 1 XheBusinessTimes MITA (P) 04tV 12/98 S5C SINGAPORE com.sg/ WEDNESDAY, JUNE 30, 1999
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  • 61 1 O Sub (+17.42) BT-SRI 83SJ3 (+1.08) SIMSCIFUTUEES ***** (+1.10) STOCK HABXET INDICES Tuesday Change KLSE COMP 829.72 +9.01 NIKKEI 17,782.79 +***** HANO SENG 13,766.49 -74.80 SET INDEX 617.66 1453 JAKARTA COMP _680J6 +8.43 MANIIA COMP 2,484.67 +2252 TAIPEI WPI 8j***** +***** SEOUL COMP 897.46 660 CLSA CHINA B
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  • 77 1 FOBEX BATES USS St USS 1.706 £(US$/SS per 1.681 1696 E3JRO(USS/S$ per E) 1.036 1.764 DM 1.890 0.902 YEN 121-3 1.406* RM MOO 0.449 HKS 7.768 0220 BAHT 36.87 0 046 W'HAH (666 0.026 'Sttomuntts FUME BATES SINGAPORE* 5.80 KlIALA LUMPUR 7.25 JAKARTA 40.00 BANGKOK 10.00 MANILA 11.00 HONGKONG-
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  • 719 1  -  Mo compensation for SIA Foreign holders Foreign shares still close firmer, Local shares soar $1.90 By\ Siow Li Sen [SINGAPORE] Singapore Airlines (SIA) yesterday said it will not hold* ers of its Foreign shares when it merges its Local and Foreign tranches, causing
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  • 958 1  -  COMMERUT Fed must be extra careful this time, says vkkAM KHANNA VIKRAM KHANNA THERE seems to be an overwhelming consensus among Fed-watchers that the Federal Open Market Committee (FOMC), the body that decides on interest rates at the US Federal Reserve, will raise the
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  • Article, Illustration
    112 1 (SINGAPORE) Real estate professionals eager for a change in fortunes flocked to Suntec City's Fountain of Wealth yesterday evening to touch the water for good luck. This was one of the highlights of a ceremony staged by the Real Instate Developers Association last night to recognise the Singapore
    CHRISTOPHER LOH  -  112 words
  • 641 1  -  $510 m raised so far this year against 1997's $l.llb By> Annette Pau [SINGAPORE] Funds raised by new listings in the first half of 1999 have reached $510 million, with the momentum likely to result in the total amount raised this year
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  • SINGAPORE AT HOME & ABROAD
    • 585 2  -  Weaker demand and low prices to hit Jane and September quarter earnings b»> Jennifer Lien QtfSK drive giant Seagate has other drive makers in ing profit warnings for urrent quarter, and local are looking for ways to survive this increasing
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    • 307 2  -  From Quak Hiang Whai 'hi Hongkong HONGKONG'S service seclag Singapore and the US' in information technoloaccording to a stlidy commissioned by the Hongkong government. Commissioned in October ,1997 by the Information Technpiogy Committee of the Industry and Technology Development Council,
      307 words
    • 221 2 Reuters ROGUE derivatives trader Nick Leeson, whose highstakes deals broke Britain's oldest merchant bank, wiU be released from a Singapore prison on Saturday and put on a midnight flight to London, authorities said yesterday. "July 3 is confirmed, yes, but the
      Reuters  -  221 words
    • 326 2  -  By Rahita Ellas LEADING American medical institution Johns Hopkins, which yesterday announced the soft opening of its flagship medical facUity here, plans to set up an outpatient facility on Orchard Road by the end of the year. James Chou, chief
      SIEW YAW HOONG  -  326 words
  • Page 2 Advertisements
    • 188 2 1 Studying in WEST VANCOUVER, CANADA R Secondary/Pre-university courses I leading to prestigious UNIVERSITIES Jv University preparatory courses qualifying students for top Canadian, American I- and international universities K; International Student Homestay program with Canadian families Mentorship program with educational consultants I Free Presentation Consultation El to be held in
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    • 157 2 C Castle Group F Business Information Specialists THEBUSINESSTIMES«f* >n Association With DEFENCE IMC4POBC AND Si RATECVIC STUDIES REFORMASI Indonesia's Election I KEYNOTE ADDRESS DR. AMIEN RAIS Chairman of the National Mandate Party Former Chairman of the Muhammadiyah Moslem Organization SPEAKERS: MARK BAIRD Indonesia Country Director, World Bank DEWI FORTUNA ANWAR
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  • FOCUS: SINGAPORE IPOS
    • 543 3  -  It manages 10 of 18 IPOs; industry total for year could outpace 199Ts 35 Reports by David Boey DBS BANK has emerged as the clear leader in the management of initial public offers, accounting for 10 of the 18
      543 words
    • 238 3 AMOUNT PUBLIC OFFER 1st DAY JUNE 29 11 El ll 1 «7»TT7» IWrJ RAISED OFFER PRICE CLOSE CLOSE r J^ month {SSnmon) SU8 (cents) (cents) OMNO (cents) GESInt'l Jan 23.5 17x 25 28.5 +14 185 +640 Eagle Brand Feb 59.0 2.54x (US)19 (US)16.5 -13
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    • 537 3 End of price war not in sight as business elsewhere shrinks LAST year's recession forced public relations firms to slash their bills for managing the corporate and media relations aspect of initial public offers (IPOs) by as much as
      537 words
    • 274 5 Reuters MARGINS for Singapore refiners are stUl weak, but the firms are unlikely to make any further major run cuts in July, industry sources said yesterday. With more new refining capacity coming onstream soon, Singapore refiners see themselves as price-takers, learning to
      Reuters  -  274 words
    • 351 5  -  HE, Aussie parties eyeing site for condo conversion; deal expected soon By. Ang Wan May YET another hotel is being sold for conversion into a condominium block. The 165room Great Eastern Hotel at the junction of Aljunied and MacPherson roads
      FILE PHOTO  -  351 words
    • 494 5 Senior Minister Lee Kuan Yew spoke to Global Viewpoint editor Nathan Gardels in Davos in February. A transcript of the wide-ranging interview was released yesterday to the local press. Here are some highlights: On the factors for Singapore** success, Mr Lee listed racial
      494 words
    • 341 5  -  EYE ON THE ECONOMY Outlook By- Anna Teo CONSUMER price inflation is expected to rise gradually to around 1 per cent by year-end as demand pressures return with a recovering economy, says JP Morgan. May consumer price index data shows that, while price increases continue
      Source: JP Morgan  -  341 words
    • 259 5  -  MAXLBAG Ong Kar Lock Lloyd via Internet Singapore IT was reported in BT, June 23, that Hotung Investments Holdings made an announcement that its performance in 1999 will be "beyond shareholders' expectations". This prompts me to ask the following two questions. 1. Are there any regulations or
      259 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 139 4 I f A I rViririr W I dl/lr 1U I NASDAQ: PCHTF I I H A A I Internet I I I H I I I I Singapore Hong Kong Philippines Australia I It's official. Singapore's best Internet Service Provider is now the 1* T I and only to be
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  • Page 5 Advertisements
    • 188 5 > 4 /:">- I £s?Sfe r V v 1 ->.f ,*V >, v V"- -Vr *••*>:.,* •<*• t v^v- *.*->' 5. V V" v > s t •>' 4.• r ;y• .'v '.>.•>* .Cv/O t V a > /v c* V ■'.>•. Tx- s V J *i > r >
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  • ASIA ON THE MEND
    • 457 6  -  Goldman Sach revises forecast for Nikkei to 19,000 frtan 18,000 Fr&m. Anthony Rowley irt Tokyo TOKYO stock prices powered to higher levels yesterday as a slight fall in unemployment levels during May, allied with a bullish report from a leading international brokerage,
      457 words
    • Article, Illustration
      86 6 [BANGKOK] Unfinished office blocks and condominiums covering Bangkok's skyline two years after the devaluation of the Thai baht triggered the Asian economic crisis. Traffic on the once-bustling city streets has thinned out as cars have been taken off the road, and economic activity remains well below pre-crisis levels. Analysts
      REUTERS  -  86 words
    • 265 6 Reuters [HpNGKONG] Hongkong's economy is expected to record positive growth in the second half of this year but it wBl be difficult for the territory to achieve real growth foj* the full year, the Bank of Cfflna Group said yesterday. pThe second-half rebound
      Reuters  -  265 words
    • 408 6 Investors find region more attractive now than 6 maaths ago AFP [CHICAGOfGIobaI investors are showing renewed confidence in Asia's emerging markets, with concern now focused on whether the US will grow fast enough to fuel a stronger global recovery. A survey released here Monday
      AFP; Source: AT Kearney  -  408 words
    • 181 6 Bloomberg [JAKARTA] The World Bank is worried about the cost of Indonesia's banking re-capi-talisation programme and its effect on tar budget, saM Sandstrppi director. "That, clearly is the major concern" for budgetary planning, he said at the Bank's Jakarta headquarters, adding: "But
      Bloomberg  -  181 words
  • Page 6 Advertisements
    • 395 6 One English-language business paper tells you more about I; corporate Japan than all the local dailies put together. ;51 ■n v r*r* I AN EX Q UISITE waterman ball-point pen A K KK THE JAPAN BUSINESS DATABOOK NIKKEI'S INDUSTRIAL STATISTICS GUIDE g ENJOY JAPAN NIKKEI'S ENGLISH-LANGUAGE CITY GUIDE 5 The
      395 words
    • 74 6 FLEXGATE TECHNOLOGY A "NEW" Flex Circuit Manufacturer in Singapore WE PROVIDE: Fineline pitch capability (3 mils) Reel to Reel process technology a* Single sided flex circuits of all types Organic coating services Auto die cutting y Superior vacuum lamination For more information please contact: ©FLEXGATE TECHNOLOGY PTE LTD (A company
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  • SOUTH-EAST ASIA
    • 418 7 JAKARTA Indon businessman refutes claims that he misused bank credits of It rnpiah AFP AN ethnic Chinese Indonesian businessman denies misusing credits from three state banks worth one trillion rupiah (***** million), his lawyer said yesterday. "The reports that I have misused credit facilities of up
      AFP  -  418 words
    • 247 7 KUALA LUMPUR Bernama MALAYSIA'S real gross domestic product is expected to grow 3.9 per cent this year and 5 per cent next year, said Credit Suisse First Boston. It cited factors including investment spending growing mildly after collapsing last
      Bernama  -  247 words
    • 613 8  -  USsloom deal will boost fortunes of Indon plantation firm: analysts From\ Shoeb Kagda in Jakarta ONE of Indonesia's largest and oldest plantation companies, London Sumatra Plantation, has agreed to sell a 50 per cent stake to Hongkongbased investment bank and private equity
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    • 417 8 BANGKOK Govt holding a press conference for first time to unveil figures Bloomberg, Reuters THAILAND will unveil first quarter gross domestic product today, holding an unusual press conference for the release. Sansern Wongcha-um, secretary-general of the National Economic and Social Development Board, the government's
      Bloomberg,; Reuters  -  417 words
    • 1028 8  -  ASIAMVXBW Leaked list suggests there may be new business faces in lineup By Yang Razali Kassim TWO weeks ago, amid the growing debate as to who should be Indonesia's next president, a document purportedly leaked from the Indonesian Democratic Party of Struggle (PDI-P) made the rounds in
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  • Page 7 Advertisements
    • 140 7 I I H v w.'l MißragMM^r At the heart of every BMW is a high level ot precision engineering not at Performance Motors undergo dedicated BMW found in other automotive species. And to maintain its smooth, healthy training with specialised instruments before they flQ^B operation, your BMW requires a protection
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  • Page 8 Advertisements
    • 769 8 HypoVereinsbanky^ Bayerische Hypo- und Vereinsbank Aktiengesellschaft incorporated in Germany Head Office: Kardinal-Faulhaber-Strasse 1, ***** Munich, Germany. Telephone (0 89) 3 78 0 Singapore Branch: 1 Finlayson Green #17-01, Singapore *****6. Telephone *****83 Consolidated Balance Sheet as at December 31.1998 Consolidated Income Statement and Appropriation of Net income for the year
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    • 7 8 R|IH at-£3JVri^l I t^y VHh vB/ ■^nTTrI
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  • CHINA-HONGKONG-TAIWAN
    • 419 9  -  From Quak Hiang Whai in Hongkong HONGKONG developers big and small yesterday turned the heat on again at the second land auction of the current fiscal year which brought in a higher-than-ex-pected HKS779 million (*****.1 million) to the government's coffers. In
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    • 104 9 SINGAPORE AFP US businesses in Asia are urging Washington to conclude talks over China's entry into the World Trade Organization as part of measures to ensure its foothold in the recovering region, a statement said yesterday. This was among positions advocated by representatives from the Asia
      AFP  -  104 words
    • 593 9 SHANGHAI Wuhan Steel, Hnabei Expressway announce offers as market advances Reuters, FT TWO of China's big state companies announced major share offers yesterday, jumping on the listing bandwagon to catch a powerful stock market drive. A third, the country's biggest oil company, was
      Reuters,; FT  -  593 words
  • Page 9 Advertisements
    • 107 9 Keppel Logistics, you have the confidence of your 9 CI I I W I W I "J 14 J j 1 K transportation, storage and distribution needs are in good hands After all, we are Singapore's pioneer in the logistics BML Fa it business. With our latest state-of-the art Gul
      107 words

  • ASIA
    • 275 10 ADELAIDE Bloomberg SOUTH Australia state will sell its government-owned electricity retailer and distribution units first, as part of a A $6 billion (Ss6.B billion) sale of electricity businesses approved by Parliament earlier this month. The state will compile a short-list of
      Bloomberg  -  275 words
    • 296 10 TOKYO Report cites disruption of analog TV signals for 18-month delay Bloomberg JAPAN'S Ministry of Posts and Telecommunications will postpone allocating digital television frequencies by 18 months, in a move that could harm sales of next-generation televisions and related equipment, the
      Bloomberg  -  296 words
    • 257 10 SEOUL AFP TWO rival South Korean conglomerates are under immense government pressure to conclude Daewoo Group's takeover of Samsung's ailing car unit by the weekend, reports said yesterday. But industry sources close to the deal said it was unlikely to go through following
      AFP  -  257 words
    • WORLD Watch
      • 69 10 Bloomberg [SEOUL] South Korea faces a cut In its investment grade 888 credit rating as tensions with North Korea mount, said Duff Phelps Credit Rating Co. While the economy continues to improve and overall financial risks recede, a June 15 shootout over
        Bloomberg  -  69 words
      • 60 10 Reuters [BOMBAY] India's top companies will report higher first quarter earnings, helped by a pick-up in demand and higher prices for industrial goods, a Reuters poll found yesterday. Average net profit of 23 companies in the top-30 share index of the Bombay Stock
        Reuters  -  60 words
      • 112 10 Bloomberg [SEOUL] A South Korean court said it will hold a hearing on Friday on a bid by Tiger Management LLC, a US hedge fund, to block a planned US$l.l billion (Ssl.9 billion) sale of new shares by SK Telecom Co, the country's
        Bloomberg  -  112 words
      • 70 10 Reuters [ADELAIDE] Mobil Refining Australia said yesterday that about 50 per cent of an oil slick off its Port Stanvac refinery in Adelaide had been dispersed, after 25 cubic m of oil spilt into the Gulf St Vincent. Mobil said the cause of the spill,
        Reuters  -  70 words
      • 62 10 AFP [SEOUL] Five consortiums, including three US groups, have cast bids to take over hobbled Korea Life Insurance Co, as Seoul tries for a third time to sell it, financial officials said yesterday. The bids were received ahead of Monday night's deadline for
        AFP  -  62 words
  • Page 10 Advertisements
    • 1532 10 Dresdner Bank Aktiengesellschaft Supervisory Board Consolidated Balance Sheet according to lAS a* at 31 »t December 1998 with comparative figures tor 1997 Dr Wc#gang ROUer Frankfurt/Man Liabilities Supervisory Board Asssts Dr Alfons Tllzrattl Frankfurt/Man Chairman Oipt.-Kfm Uwe Plucinski Dresdner Bank AG. Hamburg Deputy Cowman Karl Beusch Legal counseflor OCnwald (from
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  • THE WORLD
    • 407 11 WASHINGTON Settlement demands have risen against Rhone-Ponlenc, BASF, Roche as new evidence emerges FT US lawyers are seeking more than US$l billion (Ssl.7 billion) to settle a class-action lawsuit against three European companies that led a global conspiracy to fix
      FT  -  407 words
    • 284 11 AUCKLAND AFP THAILAND'S candidate for the World Trade Organisation leadership agreed yesterday to a compromise that could see him share the position with his New Zealand rival Mike Moore. Thai Deputy Prime Minister Supachai Panitchpakdi's decision signals the beginning of the end of a
      AFP  -  284 words
    • 326 11 AUCKLAND Reuters ASIA-PACIFIC trade ministers yesterday agreed that world trade talks planned for November should include a controversial debate on reducing global tariffs in the industrial sector. But they jettisoned an attempt to cut regional tariffs. Poorer countries are concerned about expanding
      Reuters  -  326 words
    • 372 11 NEWYORK It is the eighth straight monthly increase for index Bloomberg CONSUMER confidence in the US economy rose in June to its highest level in more than three decades, as Americans show few signs of ending a spending spree tied to plentiful
      Bloomberg  -  372 words
  • Page 11 Advertisements

  • EDITORIAL & OPINION
    • 736 12  -  BOTTOM LDVE OPINION By Reginald Dale The writer is a columnist with the International Herald Tribune, where this commentary first appeared HIGH unemployment is the scourge of much of Western Europe. It is alienating millions of Europeans from mainstream society and it is
      736 words
    • 117 12 'Everyone decided to stuff money into Asia and what happened from then on was crazy. There was all this money around being looked after by kids with earrings with no knowledge and no control.' -Chris Baker joint author of a history of one economic bubble. 'Thailand's Boom
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    • 608 12 EDITORIAL A GREAT debate is under way about the need to strengthen the so-called International Financial Architecture. But rather than limiting themselves to a discussion where the agenda is set from outside, East Asian nations should think about putting their own monetary house in order.
      608 words
    • 1213 12  -  Bat Transparency Intl's Peter Eigen fears focus on graft may fade oat when economic crisis ends By < Chua Chong Jin The writer teaches mass communications at Nanyang Technological University DURING the heady days of high growth in Asia, it was a lost cause,
      FILE PHOTO  -  1,213 words
    • 1072 12 What Otrachl can do In China ON July 8, Prime Minister Keizo Obuchi of Japan will visit Beijing...Furthermore, he will be the first major US ally to go to China since the bombing of the Chinese Embassy in Belgrade. During his visit, the Chinese are likely
      1,072 words

  • EXECUTIVE LIFESTYLE
    • 408 13 HEALTH Coconut oil-derived compound can also destroy other sexually transmitted bacteria: scientists Reuters {LONDON] A natural compound found in coconut oil and packaged in a special gel can destroy sexually transmitted bacteria and viruses, including the Aids virus HIV. in laboratory experiments, Icelandic scientists said
      Reuters; FILE PHOTO  -  408 words
  • Page 13 Advertisements
    • 197 13 ¥iTi a l* 1 a a presented IDiners Club Offers Personalised Cash Access Ha To apply, call: Where to wine, dme and entertain... at ove r 30,000 locations worldwide. 290 4545 All the fresh oysters you can eat! Help yourself at our carving station then feast over a lavish buffet
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    • 123 13 rfoofarta/th op 3 i£V£/ S J7 SPECIAL WEEKEND BUFFET Come and celebrate the weekend with a delicious bullet spread of local western dclicacies and a variety of hot and cold desserts at Coleman's Cafic, from 12.00n00n 5.00pm. Adult $12.80*" Child $B.Bo*** EXCEPT PUBLIC HOLIDAYS. ADULT SU M) CHILD $t2HO WITH
      123 words
    • 155 13 The freshest seafood dishes come with unlimited wine in St. Gregory's Brasserie in the Grand Plaza Parkroyal on Friday and Saturday evenings. Delicious Rock Crab with Tang Hoon, juicy cold Oysters, Prawns and Green Mussels on ice. Baked Slipper Lobster and many more. Plus as much wine as your heart
      155 words
    • 137 13 kmmm <. n-m Nmi i^mm |^r« Every Thursday night, The Neptune brings *J/ P seafood and comedic antics. Set dinner: Reservations: 113 Orchard Road. Singapore fj« Pine wiH* CVyrtS Tovylor: 21s+ 25VU June *w> 2?U\ Ju*\< 2*\> July, I^l. Feast on the award-winning creations of Chris faytor, Executive Chef of
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  • Page 13 Miscellaneous
    • 1141 13 CRYPTIC CROSSWORD 1 A rule in Michigan or in Af- Mg mm 4 Find out about excellent col- jg 10 Number happening to be ■M" "TH spotted outside (9) 11 Epitaph on northern city (5) 12 I I 12 Drunk performing inside be- L| fore the end the day 13
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  • FOCUS: MONEY MATTERS
    • 1325 14  -  A look at some possible scenarios as the market awaits Fed, tankan signals By Larry Wee AT the start of trading this week in New York, the benchmark 30-year Treasury bond yield fell back to close at 6.1 per cent, 10
      Source: Hypovereinsbank  -  1,325 words
    • 706 14 Region is headed for substantial growth, although the pace may not match pre-crisis levels "None of the vulnerabilities that made the great Asian crisis of 1997-98 possible has disappeared, and there is every reason to believe that Asia has emerged from
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  • Page 14 Advertisements
    • 395 14 Dollar Base Premium Deposit J. Alternate Currency Interest Rate* Japanese Yen 18% p.a. |g£« Australian Dollar 18% p.a. F I I uro 12% p.a. U P Canadian Dollar 12% p.a. British Pound 11% p.a. I M If you're looking for a foreign currency deposit that gives you higher returns than
      395 words

  • COMPANIES & MARKETS
    • 438 15  -  White knight Infom&tec AG has option to take np to 24.9% of IPC By\ David Boey [SINGAPORE] Shares of computer maker IPC Corp dropped sharply in late trade yesterday amid rumours that a deal with a European partner was about to run
      Source: Bloomberg  -  438 words
    • 523 15  -  Bad-debt provisions, shrinking banana and garlic sales cited By) Marissa Chew [SINGAPORE] Slippery banana sales, foul garlic business and bad debt provisions caused FHTK Holdings to post a huge net loss of $81.5 million. The fruit distributor blamed its predicament
      523 words
    • 626 15  -  HOCK LOCK SIEW Ven Sreenivasan THEY say it is time to get out of the market when the ignorant and the uninitiated troop into securities houses to open trading accounts. While that may be an exaggeration, there
      626 words
    • 434 15 [SINGAPORE] Van Der Horst (VDH), which sank deeper into the red with losses of $30 million at half-time, is still negotiating with its lenders to restructure its $164 million loans due in less than a year. Failure to reach an
      434 words
    • 188 15 Bloomberg [BANGKOK] Siam Commercial Bank Pel, Thailand's fourth-largest bank, overhauled its board of directors, appointing non-Thais for the first time. Four new directors were named to the 13-member board, including three foreigners: Ryosuke Tamakoshi, a managing director of Sanwa Bank of Japan; Peter Seah,
      Bloomberg  -  188 words
    • COMPANIES
      • 351 16  -  Some view loss as stemming more from speculation than pure hedging By" Conrad Raj [SINGAPORE] Thakral Corp shares took a bashing yesterday as expected, following a shocking bottom line loss of $232 million for the year to March 31,1999 from a
        Source: Bridge  -  351 words
      • 479 16  -  Sesdaq-bonnd unit of Flextech allots 6m shares to public "a Annette Pau [SINGAPORE] Flextech subsidiary Asti Holdings yesterday launched an initial public offer of 23 million new shares at 88 cents each to raise $19 million in net proceeds. Six million
        ARTHUR LEE  -  479 words
      • 283 16 [SINGAPORE] Construction and energy firm Econ International posted an II per cent rise in earnings for the full year ended March 31 to $5.9 million and said it expects an even better showing in FY2OOO. Despite the earnings rise, turnover for
        283 words
      • 509 16  -  By. Rahita Elias [SINGAPORE] Listed department store Isetan Singapore, buoyed by a much stronger second half, has managed to slow down the profit drop seen at half-time. For the year to end-March this year, Isetan's net profit dropped
        509 words
      • COMPANY Briefs
        • 64 16 [SINGAPORE] Samudera Shipping will raise $32.9 million from the placement of 42 million new shares, or 10 per cent of its existing share capital, at 80 cents each. The funds will be used to reduce bank borrowings and for general working capital and/or investments. GK Goh
          64 words
        • 49 16 AFX-Asia [SINGAPORE] DBS Realty (Pte) Ltds takeover offer for ANA Hotels Singapore has become unconditional. The DBS Land unit said yesterday that it had secured 51.4 per cent of the issued and paid-up capital of ANA Hotels, thereby making its offer unconditional. -AFX-Asia
          AFX-Asia  -  49 words
        • 49 16 [SINGAPORE] Provisions Suppliers Corporation has appointed S Chandra Das a director, effective yesterday. Mr Das is also a director of Scotts Holdings as well as chairman of NTUC Fairprice Cooperative Ltd. Gerry Lee Kian Hup will be the alternate director to Mr Das.
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      • 334 16 Deal with two Aussie firms is its first from Down Under [SINGAPORE] Transportation and engineering company Labroy Marine yesterday announced that it had won a $48 million contract to build six vessels for two Australian companies, its first from the southern continent. Delivery of the
        334 words
      • 195 16 [SINGAPORE] Contract manufacturer Brilliant Manufacturing yesterday said group net profit for the year ended March 31,1999. was shaved by a third to $11 million after it was hit by price erosion in the disk drive industry. The company said turnover fell 9.9
        195 words
      • 536 17  -  Troubled bank will be auctioned after central bank raises its capital adequacy Frt)iri Harish Mehta in Bangkok THE Bank of Thailand (BOT) yesterday said it would nationalise the crippled Nakornthon Bank, and later auction it to investors, signalling that a two-month-old
        536 words
      • 414 17  -  Frorn Eddie Toh in Kuala Lumpur TAJUDIN Ramli is confident of retaining control of his two major listed vehicles Malaysian Airline System and Technology Resources Industries. "We are not in discussions. I can't make any remarks," he told reporters, when asked
        FILE PHOTO  -  414 words
      • 327 17  -  Newly-merged RHB Bank entity comes into effect today hYunt Ruth Wong in Kuala Lumpur MORE than a year after its announcement, the union between RHB Bank Bhd and Sime Bank Bhd yesterday obtained its final blessings the KL High Court vesting order. The newly-merged
        327 words
      • 371 17  -  Prrnn Diana Oon Abdullah m Kuala Lumpur DIVERSIFIED conglomerate Pernas International Holdings Bhd expects to return to the black this year, group chairman Shahriman Tunku Sulaiman said yesterday. He also said the group's pre-tax gains in the first five months
        371 words
    • REGIONAL COMPANIES
      • 453 18  -  Stock exchange rejects proposal to value futures exchange at only USsslm less From Quak Hiang Whai in Hongkong THINGS are not going well for the proposed merger of Hongkong's stock and futures exchanges as the two bourses are now quarrelling over the
        453 words
      • 411 18  -  By Catherine Ong [SINGAPORE] Pacific Century Insurance Holdings Ltd, a unit of Singapore-listed Pacific Century Regional Developments (PCRD), has raised just over HK$l billion (Ss22o million) through its initial public offer in Hongkong which was oversubscribed 61 times. The territory's fourth largest individual life insurance
        411 words
    • INTERNATIONAL COMPANIES
      • 337 19 Institutions said to have damped stock to force more favourable price for secondary offer Reuters [FRANKFURT] Deutsche Telekom AG on Monday celebrated the completion of a secondary share offering that brought in about 11 billion euros (5519.4 billion) for an acquisition spree. But
        Reuters; Source: Bloomberg  -  337 words
      • 364 19 Bloomberg [TOKYO] Japanese shareholders turned out in record numbers to chastise executives for their failure to cut costs and boost profit as 2,227 companies held annual meetings in the world's secondlargest economy. At Japan Airlines Co, a record 1,382 shareholders, including several corporate extortionists,
        Bloomberg  -  364 words
    • FINANCE & COMMODITIES
      • 523 20 May inflow down 31% from year ago amid fears of end to boll market rally Bloomberg [NEW YORK] US investors are putting less money in stock mutual funds amid concerns the bull market rally may be running out of steam. At US$l6.4
        Bloomberg  -  523 words
      • Article, Illustration
        69 20 [BANGKOK] A street vendor setting up his stall of rubber masks yesterday in Bangkok. Plastic toys and artifacts are widely available around the Thai capital at extremely cheap prices, as Thailand's rubber output for 1999 is expected to increase to 2.3 million tons from 2.2 million tons, making
        AFP  -  69 words
      • 205 20 FT, NYT [NEW YORK] Lehman Brothers has forged a partnership with US mutual fund giant Fidelity Investments in Wall Street's latest attempt to use the Internet to reach out to private investors. The agreement announced on Monday replaces a similar deal between Fidelity and the
        FT,; NYT  -  205 words
      • 267 20 Regulators asked to cat down the present long review process Bloomberg [WASHINGTON] The three biggest US futures exchanges asked regulators to let them change trading rules more quickly and to introduce new products as they compete with foreign exchanges. The Chicago Board
        Bloomberg  -  267 words
      • 176 20 Reuters (BANGKOK) Gold imports in key Asian countries have surged in the first few months of this year, signalling some recovery in their economies, the World Gold Council (WGC) said yesterday. Albert Cheng, WGC's area manager for Asia, said that in Singapore alone, gold
        Reuters  -  176 words
      • 158 21  -  SOtELßeports MSC1 Singapore Index Larry Tee, Jardine Fleming THE MSCI Singapore Index was marginally up yesterday with the market discounting concerns about a possible US rate increase. The June futures contract has expired with the July contract starting as the front month today. Rollover activity
        158 words
      • 168 21  -  MS& Taiwan futures Cecilia Loh Refco Singapore THE Simex MSCI Taiwan Stock Index futures resumed its upward momentum, edging up 11.0 and 12.80 points in the June and July contract respectively. The Taiwan Weighted Price Index followed Nasdaq higher, rallying 232.82 points
        168 words
      • 321 21 ENERGY REPORT Reuters OIL prices crept higher yesterday after a US refinery was forced to reduce petrol output because of a technical hitch. London August Brent blend futures traded 23 US cents higher at U5516.76 a barrel after
        Reuters  -  321 words
      • 324 21 Reuters, AFP London THE euro fell to its lowest level against the yen since the European Central Bank bought euros for yen on behalf of the Bank of Japan on June 18, putting the market on guard for further intervention. The US dollar also reached its lowest level
        Reuters,; AFP  -  324 words
      • Article, Illustration
        1272 21 INTERBANK CROSS RATES AS C$ Bwb Euro ffr Dm HKj Ind »s Buplah Yen Won BM H2$ Pafc Rs Peso S$ Band Sfr MT$ Baht Pound US$ Australia 0.965 6178 0.633 4.152 1.238 5.082 28.408 43.594 0.794 7.581 2.489 1.234 33.696 24.877 1117 3.970 1.012 21.174 24.148 0.4M 0.655 Canada
        1,272 words
      • 1835 21 SICOM FUTURES htn 29 RUBBER (hitum dew*) it Q RSS1 COMTRACTlS cwtsAg) Ctose Votoflie Open Month High Low Sett (tonnes) Interest Jul 99 101.75 Auo 99 102.50 300 £*99 104.00 900 (Xt/OK 99 107.25 1050 Jan/tor 00 113.00 109.50 112.00 450 Apr/Jan 00 *15-50 RSS 3 CONTRACT (US centsAfl) *<>♦«*•
        1,835 words
    • Article, Illustration
      1423 22 AFP Hang Seng -74^0 HONGKONG share prices fell 0.5 per cent in cautious trading yesterday amid jitters over a widely expected US interest rate increase, dealers said. The key Hang Seng Index lost 74.80 points to close at 13,765.49 on a turnover of HK$lO.B billion. Following overnight gains on
      AFP  -  1,423 words
    • Article, Illustration
      577 22 Reuters H Shenzhen B Index +L 27 SHENZHEN'S hard currency B shares closed higher yesterday, extending Monday's sharp gains, as investors focused buying on blue-chips, analysts said. The B Share Index rose 1.27 points, or 1.02 per cent, to 125.42 as turnover expanded to HK$369 million from Monday's HK$2O3
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  577 words
    • 374 22 AFP □*P Index +***** TAIWAN share prices closed 2.8 per cent higher yesterday to reclaim the psychological 8,500-point level on strong buying in technology shares by institutional investors, dealers said. "The surge was due to strong institutional buying in technology shares which accounted for more than 70 per cent
      AFP  -  374 words
    • 2340 22 LONDON Industrials Jm 29 Pound 31 Group 7.31 -0.14 Abbey National. 12.15 -0.26 A B Foods 4.24 -0.16 A B Ports 2.91 -0.04 Alliance Leicester 8.55 -0.20 Allied Domecq 6.11 0.04 Allied Zurich 7.96 0.05 Anglo American Gold 43.70 unch ASDA Group 2.17 unch Bank of Scotland
      2,340 words
    • 1634 22 AFP QNikkei 225 ****** TOKYO share prices rose one per cent yesterday, following an advance on Wall Street, as foreign investors led active buying amid brighter signs of Japan's economic recovery, brokers said. But trading remained modest as investors were cautious towards taking fresh positions ahead of an imminent
      AFP  -  1,634 words
    • KUALA LUMPUR STOCK MARKET
      • 444 23 AFP F1 Composite Index +9.01 MALAYSIAN share prices closed 1.1 per cent higher yesterday due to retail buying and on window-dressing for half-year book closures, dealers said. Dealers said speculative buying continued to dominate trade while light profit-taking was also evident as the index
        AFP  -  444 words
      • 6952 23 INDUSTRIALS Consumor products Lilt Vol Day Net Cap Hm. l— c -—*1 OOP "A 15* 380 255 *|inomoto 360 10 6 370 360 22.8 145.9 L 137 46 AnqMM -»26 291 10 9 124 8 I \A I" "S *246 34 53M 2" 1.7 .TMS W 10 3 845 835
        6,952 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 178 24  -  WARRANT WATCH -By R Sivanithy THE recent bull run has pushed all stocks to new highs and many warrants deep in-the-money. This in turn has meant a narrowing of conversion premiums with a simultaneous falling in gearing levels. Thus, while the absolute
        178 words
      • 2349 24 BONDS. LOANS WARRANTS m 52-Wk Last Vol Day Last Ouota A»g Hlqh Low Stno Company Salo ♦or* COOO) High Low Buytr Sollar 98 5 3 T 3160 "Acer ******1USS 84.5 unch 921 88 84 84 84.5 80 4.5 s 3164 Acma ******4 78.5 *5 3873 79 73 78 78.5 73
        2,349 words
      • 236 24 HONGKONG STOCKS Of Cr S2-wh Last Vol Day Last Ouota Otv Dtv VM Nat M Cap High Low Stop Company Sal. COOP) Htgti Lo» Buyar Stlar H C vt K> P/C SmM 365 173 5123 COL (2000) HM 315 -15 48 330 315 315 330 8 3.7 2.5
        236 words
      • 300 24 AFP PI Wellington +1L22 NEW Zealand share market closed up 0.5 per cent yesterday in trading dominated by Sky TV, dealers said. The NZSE-40 Capital Index gained 11.22 points at 2.147.29 on total turnover of NZ5223.35 million. The main feature of the day's trading was the sale of TVNZ's
        AFP  -  300 words
      • Article, Illustration
        877 24 AFP Q SET Index -1123 THAI shares dipped sharply yesterday, shedding 2.7 per cent amid heavy selling in banks, analysts said. The benchmark SET Index shed 14.23 points to close the day at 517.65 points, off a high of 538.10. Declines led advances 222 to 67, with 42 unchanged
        AFP  -  877 words
      • 411 24 AFP kJ Composite Index -5.60 SOUTH Korean share prices closed 0.6 per cent lower on profit-taking following recent steep rises, amid active selling by foreign investors despite the release of positive economic numbers, dealers said. The Composite Index closed down 5.60 points, or 0.6 per cent, at 897.45, off
        AFP  -  411 words
      • 668 24 AFP M All Ordinaries +L 0 AUSTRALIAN shares closed barely higher yesterday with the positive impact of Wall Street's rally eroded by prof-it-taking in selected blue chips ahead of the end of the fiscal year, dealers said. The All Ordinaries Index lifted one point to 2,991.3. The All Industrials
        AFP  -  668 words
      • Article, Illustration
        774 24 AFX-Asia Composite Index +8.43 INDONESIAN share prices closed off highs on profit-tak-ing in selected large caps amid caution ahead of the FOMC meeting, with Lazard Asia's 50 per cent planned stake purchase in London Sumatra boosting sentiment, dealers said. The Composite Index closed up 8.43 points or 1.25 per
        AFX-Asia  -  774 words
      • 317 24 AFX Asia Manila +22.52 PHILIPPINE share prices closed higher, supported by Wall Street's rally overnight along with the central bank's two percentage-point cut in banks' reserve requirement, dealers said. The Composite Index closed up 22.52 points at 2,484.57, off a high of 2,497.27, on volume of 12.6 billion shares
        AFX Asia  -  317 words
    • 7118 25 Transact ion date: Jim 29 Gr Gr M Wt >2-Wk Last Vol 0«V Last Quote W* Dtv VM Net Cap *»Q High Low StNo Company Solo COOP) High Low Buyor Seller C'vr P/E SmM Price MULThWOUSTSY 180 17.5 m b 1000 Acmo 50c 178
      7,118 words
    • 1517 25 Gr Gr M Wt 52-Wh Last Vol Day Last Oust* Div Dtv YM Nat Cap Avg High Low StNo Company M COOP) High L— Buy*' Sollor CV P/E $mH Prtc* MANUFACTURING 148 30 c 2049 'AS Auto Wt 141 -2 1662 146 141 141 142 ION 0.7 161 139
      1,517 words
    • STOCK EXCHANGE OF SINGAPORE
      • 434 26 ran f.H i u a rrnrr^bil Stocks Votume IPC Corpn 5c 146,366.000 Frt Links 20c 106,165,000 Goldtron 20c 70,232,000 Eagle Brand HWqs HK75c 56.267,000 ICT HKIOc 54,258,000 l-0ne5c 50,677,000 Hestie Hldgs25c 49,415,000 Inno-Pac 20c 46,188,000 Lian Beng 5c 43.525,000 Uraco HldgslOc 43,316,000 Stocks l-One 5c 83,935,490 IPC Corpn 5c 77.897,605
        434 words
      • 690 26  -  STOCK MARKET COMMENTARY Sentiment helped by good overnight showing by Wall Street; rate hike fears appear to have subsided By R Sivanithy BLUE chips recovered yesterday from their two-day bout of weakness, probably because of a good overnight showing by
        690 words
      • ON THE GRAPEVINE
        • 154 26 RHB Bank has finally completed its purchase of Sime Bank from Sime Darby Bhd. but not all shareholders are happy with the outcome. At an extraordinary general meeting yesterday morning, one disgruntled minority shareholder said Sime Darby should have made a mandatory general offer for Sime Bank shares
          154 words
        • 63 26 A NEW service that lets mobile phone users trade their phones and accessories over the Internet is now available, at www.phonetrade.com. Set up by Sweden-based Global Business Link AB, it is a database where mobile phone users can post messages and let potential buyers/sellers contact them
          63 words
        • 157 26 HONGKONG tycoon Li Ka-shing is interested in building a port near Dalian in north-eastern China, according to a recent report by the Chinese weekly magazine Yazhou Zhoukan. It said Mr Li's Hutchison Whampoa, one of the biggest port managers in the world, has sent
          157 words
        • 118 26 WHAT do these five countries Ukraine, Azerbaijan, Senegal, Moldova and Yugoslavia have in common? They were able to make Visa transactions via ATMs for the first time in 1998, according to the credit card giant. Visa added over 60,000 ATMs worldwide to its Global ATM Network,
          118 words
      • Article, Illustration
        60 26  -  -By! Wong Wei Kong NEPTUNE Orient Lines rose 17 cents yesterday to $2.00 with 24.6 million shares traded, compared with its 10-day traded average of 15.5 million units. The stock may test its 52-week high of $2.01 but the daily and weekly RSI, Stochastics and MACD charts suggest
        60 words
  • Page 15 Advertisements
    • 112 15 4 she demonstrated why more m m successful use ICC for financial solutions.' With its wealth of experience, more and more specific needs. Whether it's export or domestic growing businesses are turning to IFS as a factoring, accounts receivable financing, comprehensive financial services provider. working capital loans or hire purchase.
      112 words

  • Page 16 Advertisements
    • 83 16 A9TI ASTI HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 27 March 1999) INITIAL PUBLIC OFFERING OF 23,000,000 NEW SHARES AT $0.88 EACH w Applications for the New Shares may be made on printed Application Forms referred to in the Prospectus dated 28 June 1999. Applications for Offer Shares
      83 words

  • Page 17 Advertisements
    • 448 17 Bpjpi the proof or RninDinncompfinvs pursuit op excellence The 150-9001 award received for excellence in Great Eastern picks the best of architects in the international and Indian markets We scrutinise and select &2 Flrk world-class materials and finishes, guided by on-going customer research and feedback •We design our products with
      448 words

  • Page 18 Advertisements
    • 2223 18 /gT-THAKRAL CORPORATION LTD I 1 (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors are pleased to announce the following unaudited results for the Group and the Company for the year ended 31 March 1999 together with comparative figures for the previous year ended 31 March 1998 as
      2,223 words
    • 953 18 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOTICE This is to inform that with effect from the 14th day of June 1999, Zuraini Binte Abdul Rahim (NRIC No. *****77/ A) has resigned as a Director and employee of the Company. The Company thanks her for her
      953 words
    • 168 18 N THE MATTER OF THE COMWkNES ACT, CAP. 50 AND IN THE MATTER OF RMAL PANAMA COMMERCIAL PTE LTD ON MEMBER'S VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN fcat the Creditors of the obovenomed compony which is being wound up voluntarily ore required on or before 29" 1 July 1999 to
      168 words

  • Page 19 Advertisements
    • 695 19 4® ÜBS Consolidated Balance Sheet at 31 December 1998 Consolidated Income Statement 1998 Swiss francs in millions 1998 1997 Swiss francs in millions 1998 1997 Assets Operating income Cash and balances with central banks 3,267 4.638 ntefes .ocome 22*35 23 669 Money market paper 18.390 36,353 Less: nterest exDen se
      695 words
    • 1633 19 ECON 0 ECON INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Econ International Limited wishes to make the following announcements 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 MARCH 1999 THE GROUP THE COMPANY 1999 1998 Change 1999 1996 Change SS'OOO SS'OOO SSOOO SS'OOO
      1,633 words

  • Page 20 Advertisements
    • 959 20 m 111 Bank of America NATIONAL TRUST AND SAVINGS ASSOCIATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF INCOME (US Dollar amounts In thousands) (US Dollar amounts In thousands) December 31 December 31 1996 1997 1998 1997 Assets Interest income Cash and cash equivalents 16,187,000 14,023,000 Interest and fees on
      959 words
    • 404 20 ftv. NKKftgfc ■MBEfrii&ss w ii^ggsal I MB K H Br& Donald J. Trump I Resents: RflKjj The World s Most K|b| International Address. m Construction has bej»un on the world's most international address ,< Soon to nse 90 breathtaking stones above Manhattan the Trump m <%% World Tower at United
      404 words


  • Page 22 Advertisements



  • Page 25 Advertisements
    • 47 25 Citibank Margin Trading Account Trade up to 2.5 tllllCS your share value or withdraw CASH on it. Call 339-7126 now. THE C IT I NEVER SLEEPS Hi am In n aI I Slien to n \Va> 2hX Orchard Kuail 2| muni: I a«I M. 1 www.cililiank.i-nm.sij CITIBAN<O
      47 words

  • Page 26 Advertisements
    • 1346 26 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 CITIMARK PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of Citimark Pte Ltd duly convened and held at 22 Woodlands
      1,346 words
    • 35 26 Short of cash to invest? Triple your cash with our Margin Financing! Call DBS Investor Online at 438-1188 today. §8 DBS BANK mmmmam EXECUTIVE APPOINTMENTS To adxertisy call toll-fret' IXOO-741 ISS3 Fax No: 741 129S
      35 words
    • 261 26 Singapore Press VfiP Holdings Singapore Press Holdings is the region's leading publisher of newspapers, magazines and periodicals. It is one of the top 10 public listed companies in Singapore. With a total of 3000 employees, we know how important the right people can be to the Company's growth. So if
      261 words

  • SHIPPING TIMES
    • 160 27 Bridge News, Reuters TANKERS: Modern Suezmax tonnage booked from the Mediterranean appear to be achieving firmer levels, while older units from the area are still being covered at low rates. There was talk of Persian Gulf very large crude carrier (VLCC) rates easing with few cargoes left to
      Bridge News,; Reuters  -  160 words
    • 270 27 ses m JM29 *h W CWT Distribution 1.72 unch 581 ChuanHup 1.47 0.01 3672 Cosco Invastmant 161 0.V2 257S Frwrtrt Unki 0.52 0.05 *****5 CB Holdings 1-31 -0.03 1562 Hal Sun Hup 1.03 0.07 5543 IMC HoWngs-HK —5.60 unch 0 Jay* Holdtnqs 132 0.06 7011 Joeang SMpyard 8.50
      270 words
    • 396 27  -  Ministers also agree to set up centre for combating transnational crime By: Marcus Hand [SINGAPORE] Asean member governments have agreed to develop a programme to stamp out maritime piracy and other transnational crimes in the region. In a joint communique following the
      FILE PHOTO  -  396 words
    • 147 27 Reuters [MONGLA, Bangladesh] Foreign ships stranded at Bangladesh's Mongla port for a month trying to unload have started leaving, port officials said. They said eight ships carrying some 50,000 tonnes of foodgrains imported by the Bangladesh government had been waiting at Mongla since May
      Reuters  -  147 words
    • 429 27 But conference offers few proposals to improve industry Reuters [AMSTERDAM] Government and environmental leaders criticised procedures for scrapping old ships, but offered few alternatives for improving the poor safety and environmental record of the industry. "I consider ship scrapping in developing nations a
      Reuters  -  429 words
    • 255 27  -  By I SS hivani [SINGAPORE] Hongkongbased shipping company Orient Overseas Container Line (OOCL) is to enhance its Chi-na-Korea coverage in its current Transpacific service. The new China Korea Express (CKX) service comes as the company sees improved economic conditions in the region, especially for reefer
      255 words
    • 735 27  -  STRAIT TALE By\ Seafarer A YEAR ago scrapping was a non-issue. Those of us in the industry who knew how old ships were disposed of were aware that, relatively speaking, shipbreaking is a dirty and dangerous job. Moreover, it is one that has for
      735 words
    • 608 28 CHINA'S MXMOBO BEILUN PORT It hopes Chinese-linked H shares on HK stock market strengthen enough for it to raise up to USs2oom Reuters ININGBO, China] CHINAS Ningbo Beilun Port is moving closer to a long-planned listing in Hongkong and the offer could raise as much
      Reuters; FILE PHOTO  -  608 words
    • 333 28 PACE FoongSun 8 ANL 3 Frota 12 It Accord 8 FrtL s 14 Ahrenkiel M G Link 4 Appenship 5 AASCO 12 <*«**> M Austral 8 Glor> Nav 14 Avant M Ha«SunHup 12 B'tang Mas 8 Haf) 0" 7 BSA 7 Man l ,n 3 BTL 14
      333 words
    • 21214 35 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vesstf Voyage T*»»pr>oo* ETA ETA Advertiser Vk»( Voyage Telephone SIN Desfn Nam* Nam Number Number SIN Dest'n Nam* Nam* Number Number 10/07 OVM MOL PARANA CHALLENGER 5403A 65-*****86 To ABIDJAN (ABJ) 2003 Cot* D'I voir* Wi o»/oe csav quadrant express 020s 6******55 08/07
      21,214 words
    • SHIPS IN PORT
      • 764 41 Vassal Voy No Berth Arrival Departure n P«l S««K ***** Jer 1 TSJ 29/06/8:55 29/06/16 00 KuM Su* 4 9903 J03 29/06/8:00 29/06/23 00 S*«lK»*aa U 56 J03 29/06/8:15 29/06/23 59 Uuft* B*u S«» 99 J03 29/06/8 30 29/06/23:59 Asun 42 J09 29/06/9:15 0V07/840 »Atrizal ***** JO! 29/06/9:50
        764 words
      • 1806 41 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From Mu BMo. cowt 01/0900 u M/Boo 29/*59 29/1900 29/1500 29/1*59 29/1900 u 29/1700 3o/o*59 jomoo 2i 29/1700 30/0459 n/orn 3 30/0700 30/1159 30/1400 4 30/1200 30/V459 30/T700 tridgt 89t 01/1000
        1,806 words
      • 192 41 Jan 30 Brunei: Half Year Bank Closing. Jul 1 Canada: Canada Day. Jul 14 France: National Day. Jul 15 Brunei: HM The Sultan's Birthday. Jul 21 Belgium: Independence Day. Aug 2 Ireland-Republic Of: August Holiday. Aug9 Singapore: National Day. South Africa: National Won -n's Day. Aug 12 Thailand:
        192 words
      • 748 41 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average sized stem. Market movements art' indicated. The Cockett Bunker Price Index change and the
        748 words
      • 526 41 Carbon 180 Mai 990.6 2.0 17.4 0.10 78 0.05 Jun 24 Density Water Desidue Ash Atuminium Sjggjg No above E25 0 1 6 0 0 0 JIJT 380 Ave 986.9 0.3 13.0 0.06 37 0.02 Cum 380 Mai 992.8 0.8 19.2 0.09 90 0.06 3 <+"
        526 words
    • AIR & LAND TRANSPORT NEWS
      • 426 42  -  More non-stop flights in both domestic and international markets will be offered: Boeing Bjf\ S Shivani [SINGAPORE] US aircraft maker Boeing predicts airlines will invest US$l.3B trillion (552.3 trillion) in some 20.150 commercial airplanes by the year 2018. More than US$57O billion
        FILE PHOTO  -  426 words
      • 223 42 Reuters [SYDNEY] Qantas Airways Ltd said yesterday it will add three services a week between Australia and London from October. It said the new flights, on Tuesdays, Thursdays and Saturdays, would start in Sydney and fly via Melbourne and Singapore. It said the extra
        Reuters  -  223 words
      • 608 42 Sales of smaller jets will boom due to growth in travel between smaller cities: airline exec Reuters [SEATTLE] Smaller, more nimble airplanes will rule 21st century skies, not the 600-seat hulks proposed by Airbus Industrie, according to Deutsche Lufthansa AG's top purchasing manager.
        Reuters; FILE PHOTO  -  608 words
      • 273 42 Reuters [CHICAGO] UAL Corp, parent company of United Airlines, said that two insiders will assume the roles of president and chief operating officer when James Goodwin, the current holder of those posts, becomes chairman and chief executive in July. Rono Dutta, who
        Reuters  -  273 words
      • 375 42 Bloomberg [LONDON] BAA pic, the world's largest airport operator, said it will continue to offer duty-free prices at airport shops after the European Union's abolition of duty-free shopping, which comes into force today. Passengers will still be able to buy 90
        Bloomberg; FILE PHOTO  -  375 words
      • 250 42 Reuters [MANILA] Manila airport remained partly closed to air traffic yesterday after the failure of attempts to free a Federal Express Corp cargo plane stuck at the end of the main runway, airport officials said. They said another attempt was under way to
        Reuters  -  250 words
      • 1851 42 crrr flight ct* mem etp N***** 1605 $026 2355 tmin AN8230 1850 S***** 1605 LH6381 1850 F*moU SOW 1645 S0990 0105 $0230 1850 tmUlHWC COW 2<K5 CZ352 0835 BA7 S2 H«k» VN741 1310 VM742 0905 w na> 1 S0175 1830 S0176 1405 Amsterdam KL843 0435 KL838
        1,851 words
  • Page 27 Advertisements
    • 330 27 China's Ningbo Beilun port moves closer to listing It hopes Chinese linked H shares on HK stock market strengthen enough for it to raise up to USs2oom. Page 2 members... The Driving Force of Singapore Logistics Hub ras MHU-OKMNT UNCS W LTD A mtfflbir of PHILI-ORIENT Unas Worldwide 108 Robinson
      330 words
    • 22 27 Airlines forecast to invest USsl.3Bt in aircraft More non-stop flights in both domestic and international markets will be offered: Boeing. Back Page
      22 words

  • Page 28 Advertisements
    • 1299 28 1 NORTH AMERICA I I EXPORT 1 I OTHER DESTINATIONS I i SSX SMP£R SHUTTLE EXPRESS DIRECT TO LA WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) IVOT ETASM TOW UJNGMAffI I MUAS HOUSTON OOCAGO HWTOM MeOCOOTT VKSE I VOT lUI I PT.Q«TIAI| AtAMIA SANIOOBOO 10—TO jTCMjjjA HBWVBITW* JAUMACMZ_ oocHamn 34|527
      1,299 words
    • 668 28 FAR EAST EUROPE pte CHINA SHIPPING L(9 AGENCIES PTE LTD Pg.s EXPORT 2 x Japan -2 x Hongkong ■1 x Manila -1 x Koosh.ung 2 x Kaelung (Adapting Fa to NCK/BIW/SRG/SCNDAI/CEBU/ICH) v6t wa JKt p6o| WlWd wfcot kb. khm 6iA tyo tok smz woo u5~ WUOntWOWOMMG ***** 01-07 0107 Aa
      668 words
    • 139 28 Lines services represented by Memt>efS 01 Re 9 ,slr y 01 Accreditee Shipping Agents Singapore Shipping Association jjjjj LILY LINE MALE VESSEL VOY ETA Hu Tlw P. KIANG SPOBE MALE Princess Lity V 0799 06/07 07/07 16/07 Empress Lily V 0399 24/07 25/07 01/08 Empress Lily V 0499 10/08 11/08
      139 words
    • 9 28 Members ot the f-S 391 Singapore Freight Forwa'der Association
      9 words

  • Page 29 Advertisements
    • 1098 29 TO EUROPE FROM EUROPE Ivcsa vot 1 sw m> ahr kab Htv sou fit leh llvcsa vot I rtb anr ha* rrv sou fit uh aw BAAS 530W 15/0* 11/07 13/07 14/07 17/07 NOtRBS 0091 06/04 00/04 11/04 U/04 30/04 KXCrrtM 012W 21/04 IS/07 17/07 JO/0714/07 OH 55* 11/04 00/04
      1,098 words
    • 2211 29 Cull— W»tc« HrtOac I.HwtIM -Sda *****75 GO HANJIN SHIPPING SIIL #-1 mJ i *Mr«ln -SNe *****30 HANJIN SHtrflNG (5) PTItJP N» ow IQOtIWC ********** SALfi *****74 73> DOOWtW *****71 774 OftUllOlft *****5Q751 HAM U« 777 TOSS HI ***** M OHO **********0 M TO NW USA CANADA USA CANADA* FMVU/VOT M«
      2,211 words

  • Page 30 Advertisements
    • 1702 30 DSR-SENATOR UNES TO UK/CONTINENT TO MEDITERRANEAN/CANADA vessel vor sm leh htm amw haw wv fu vtssti voy on fos nu m mAD€ SflENt WQK9 02 07 73 07 2S 07 22 (7 23 07 25 17 WASHINGTON SENATOR WHH2I 0117 1107 2( 07 22 07 24 07 01 00 HANJM
      1,702 words
    • 1056 30 m. am MAC-NELS S'PORE M'SIA Carrier: MN CONTR LINES, INC p. gudang: (07) *****26 I Nt\ J CmiKh **********0 C S®U: (064) *****9 MANILA (632) *****24 I—'1 W PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKT: (21) *****46 KUCHING (082) *****1<3 CHITTAGONC VANCOUVER MV
      1,056 words
    • 748 30 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO Ve«el S PORE N SHEVA COLOMBO PKLAJtC B MASTIGAVII7W OS JUL 13 JUL M JUL »JUL CAPE CANAVERAL V IUW 12 JUL 2D JUL 27 JUL 01 AUG TULSIOAS Wlll 19 JUL 27 JUL 03 AUG 08 AUG B MAS TIGA W 1»W 26 JUL
      748 words

  • Page 31 Advertisements
    • 1456 31 vessel voy khh hkg sin pko pqb pxb dmm Iba bi IRANTAKHTI 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 TEYFO4JRI PCL-5111 14/07
      1,456 words
    • 1736 31 Mfokly Direct Calls to Koto (6 Days)! Nogoya (7 Days) Tokyo (8 Days) I SINGAPORE'S GENERAL AGENTS: 80 ROBINSON RD TEL: 226 1900 FAX: *****08 OUTWARD (B/l) I COSTAR SHIPPING PTE LTD #12-00 SALES/WIGS 4205«57/60 INWARD DEPT (D/O) *****85 COSTAR AGENCIES (M) SDN BHD CT NO: **********00 SINGAPORE *****8 CONVENTIONAL
      1,736 words
    • 635 31 CHINA SHIPPING (GROUP) COMPANY CHINA SHIPPING CONTAINER LINES CO., LTD. FAR EAST -~EUROPE FULL CONTAINER EXPRESS SERVICE] WESTBOUND (FIXED WEEKLY SERVICES) VSi VOY XGG Q4N SHA HKG S PORE I RTM HAM FXT TROPHY 9901 20 Jun 22 Jun 2£JjuO 2fLlliQ QLU 21Jui 21M 24Jul CAPE RACE 9903 28 Jun
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  • Page 32 Advertisements
    • 1332 32 EUROPEAJKySCAMDIWAVIA/FIWLAWD/RUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL I SGP E. DAINTY RW-011 04/07 T2MI 26/07 24/07 26/07 27/07 2M7 E RENOWN HE-634 17/06 19/06 16/06 20/06 22/06 11/67 12/07 E. DYNAMIC RW-005 IW7 20/07 04/06 31/07 ***** 03/06 04/06 E RIGHT RE-039 24/06
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    • 890 32 PACIRC INTERNATIONAL LINES (PTE) LTD V 140 Cecil Street, #03-00 PIL Building, Singapore *****0. CR NO **********0E Ijvtssa yoT m Wm wmh ft; m UtH UMA AUSTIALU MS 3/7 S/7 H/7 W1 1 W'l VL 7 V* IUM&A TtEAIAi 4 ITM3S 6/7 7/7 l»/7 23/7 j/| 47i~ 00Q MQMjj 043
      890 words
    • 626 32 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vessel vot sin plu pur jni Icn I »q~ NANTAI VENUS V.035S 70/07 79/07 02/06 05/08 04/01 09/01 GOUXNDKAGOW VOI3S 30/07 "oeToT 12/06 Is/tiT ~it/06~ WAlffAi QUEEW VO36S 09/06 16/06 77/00 ?S/0» 76/06 79/01 •UKTAI DRAGON ¥015$ 19/06 71/06 01/09 04/09
      626 words

  • Page 33 Advertisements
    • 406 33 BSfl x Ml MYANMA %BBBk FIVE STAR LINE (Myoamor Notionol Line) Loading for Yongoii (Rangoon) VESSEL VOY SIN PKL PEN PGU SAGAING 60W SIB PAGAN 264W 01/07 MALAYSIA AGENTS: lOUSTEAD SHIPPING AGCNCIES KUL m (03)*****00 PKL Til (03) *****01 PBt m (94) *****02 PGU: HI (07)*****21/4 BANK LINE (A service
      406 words
    • 1317 33 HYUNDAI MERCHANT MARINE CO., LTD. jvpsa ~voT sou leh im> amt haw kv m"~| Ivissa voy| soul lbi I >td> I akt I haw I—v I m sm HYIARON 320W 01/07 19/07 24/07 21/07* 22/07 MX MIS 0091 11/06 12/06 06/06 06/06 30/06 Naam ouw 02/07 23/0724/0711/07 20/07 a* *****7/06
      1,317 words
    • 1160 33 r m norwegon ipeciokied outocomen ©asae Wilhelmsen Lines TO NORTH AND LATIN AMERICA RORO HEAYYUFT SERVICE" IVESSCL VOT RAMP HEIGHT SIN LAX CRL MIA SAV BAI ORF NYC MEW MOi TEXAS F914 400 TOM DM W/OJ 09/08 18/ OS 21/ OS 23/08 25/08 26/08 28/08 01/09 07/09 TOBA F915 400
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  • Page 34 Advertisements
    • 747 34 BANGKOK/MAP TA PHUT/LAEM CHABANQ JAKARTA/PAN JANQ VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT I PJN NANTA BHUM" 452N In R 03/07 04/07 GURU BHUM 136S In Pt 04/07 KOTA HARTA HTAO4I 01/07 04/07 GURU BHUM 13SSB 02/07 04/07 YANTRABHUM 297N 01/07 04/07 03/07 AKA BHUM* 350S 03/07
      747 words
    • 398 34 INDONESIA NATIONAL LINE TO AUSTRALIA I FULL CONTMNER 3EWVIC6 va m m I I irpTwa m ta^OL miwmrm its ii/im/w n/w it/w ivw ti/v»/« <wnw»r w/i/io/w ?i/w n/v u/v n/v »</» mwMC i» is/17 \j/v u/v a/v n/u os/o »/oo mubai |ns jg/07 M/OTI »/B>|o*/— l'V««l FEEDER SERVICE TO INDONESIA
      398 words
    • 739 34 vfssfi s VOY ""sST"" PKL JED mla leh rtm ham zee sot VILLE D'AQUARIUS U32W O&P7 06/07 15/07 20/07 25/07 27/07 28/07 30/07 31/07 VILLE Dt ANT ARES L32W 12/07 21/07 26/07 31/07 02/06 03/08 04/06 06/06 VILLEDE VIRGO S32W 20/07 21/07 29HT7 QCVO6 OftOß 10>Q6 12A» ~l3>oB ~lsoi SAUO
      739 words

  • Page 35 Advertisements
    • 65 35 I New Advertisers/Services/Agencies I NEW SERVICE TO: Refer To Pg 6 Ijf! Richfield Marine Agencies (S) Pte Ltd NEW GUINEA PACIFIC LINE Our Schedules Are On Pg 5 SWIRE SHIPPING AGENCIES PTE. LTD. JEBEL ALI PORT SAID BENGHAZI TRIPOLI TUNIS ALGIERS CASABLANCA Turn To Pg 14 (EVERY MON/WED/FRI) I Ocean
      65 words


  • Page 37 Advertisements
    • 42 37 mmJ (Retrieve more schedules!) Press "1" Select the port and key in STEKj the four digit code ■—eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovative service offered by The document Will be Shipping times
      42 words

  • Page 38 Advertisements
    • 172 38 Mitsui Q&K Llaei.Ltd FROM: U.K./ CONTINENT/ MIDOLE EAST TO: FAR EAST EUROPE SERVICE TAW SKN KKU TMA VESSEI/VOY SIN IAEMOiAMNG MAMIA HONGKONG KEELUNG RUSJN STELLA V3IA 25/07 2S/07 31/07 loumo FOR: MEDEA VI7B 04/08 08/08 10/08 MOAH/Sni/FUBHIIIG//UnWHr 1 MALAYSIA- HSM (M) SON IHO TAWAU WIKOtNI WEIGHT SVCS PORT KELANG AGEMT:
      172 words
    • 199 38 Lf '1 )j F'l k ■'vl I'lk K] IJ Ju Iflll MI LIBYA TOBRUQ BKNGHAZI MISURATA TRIPOLI LuyJ vissa mm I vor. wo Isi|wt I oa rgpaiui pah toi Ikm wis nii IAKKTI SIM SKOAUST M W/04 30/0* 10/07 ADAUT 12/07 77/07 74/07 76 07 77/07 UlAlAUtl SIM LATAH TtAM
      199 words
    • 182 38 ESP LINES WHKir LCI AMD ra StKVICE wpuh sui-cowt must rmoh OHTTAGONG. KUOKAS lANGKOK. HONG KONG HAMMMG, WTTHDAM KMMAY, COLOMBO JAMITA. MAMA AMTWBP, FfUXSTOWI (AiamA HO OH IMWK HAJPHOWG REGULAR CONTAINERISED INDONESIAN SERVICE VBStl/VOTAGt S'POM MT SIM UPG S»G s oumuii m n/Dt w/ot n/ot ftwai i /003S-03S r at
      182 words

  • Page 39 Advertisements
    • 704 39 SAM UP ERA SHIPPING LINE LTD 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CD NO. **********00 TEL: *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LINE: 535 6266 Colia/Jessica/Moi Chan/Jeslynn/Dora/lvy/Hanim 8 SLGS/WEEK [gJgjJigjgM EVERY 4 DAYS (vISSEL I VOY I SIN
      704 words
    • 962 39 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I w* I I *T I M I H>G CMO I OOM I HAL I NYL I 0«f SAV I NEW TAM I HOU I NOIGH PTM /OtS? 00/07 15/07 10/07 21/07 .***** 20/07 07/01 IQ/QQ QS/00 00/00 00/00 12/00 10/00 21/00
      962 words
    • 87 39 SHIPPING* WAREHOUSING Ictom: Singjpiwv l-nading l)uil\ M<m hi Sal (BATAMINDO l/lll) Accepting K1 X\ Lift Cargo Reefer Container lata*: Singapore lauding Mot Wbd Firi (BATAMNDOII) Vxvpting K1 AirrvvrtKWiaJ/HrofXl Fieav> I jft C argo Tel: 227 0322 Fax: 222 9330 KatanMo Shipping t Warilwnh| Pit Ltd 7A C—*o3-51 OMOt4 REGULAR SINGAPORE
      87 words
    • 651 39 Singapore Soviet Shipping CPL (INoIOOSOtIOOOM k\\l Multiline Shipping PL (WMyOMdSifafer) a N« **********0 C VESSEL VOY SIN BOM PNG PKL KOTARATU RTUO49 05/07 12/07 TBA 23/07 KEDAH 132N 13/07 20/07 TBA 31/07 KOTA RUKUN RKNO43 17/07 24/07 TBA 04AM VESSEL VOY SIN CALCUTTA SIH PRIME VALUE 001 04-05/07 09/07 19/07
      651 words

  • Page 40 Advertisements
    • 560 40 I VESSEL VOY SIN MAA SIN I TIGER ISLAND 719N 3(M)1/07 0W»07 I TIGER PEARL 720N 01-02/07 07 11/07 15-16/07 I TIGER SEA 721N 0&W07 10-144)7 19-2007 I TIGER BAY 722N 0&-09/07 14-184)7 22 23/07 I TIGER ISLAND 723N 12 13/07 17-21/07 26-27/07 TIGER PEARL 724N 15-16/07 21-25/07 29-304)7 I
      560 words
    • 993 40 JV FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin@singnet.com.sg DIRECT CONSOLIDATION SERVICE TO ALEXANDRIA COPENHAGEN MAHE PHNOMPENH BUENOS AIRES HELSINKI MANZANILLO SAN ANTONIO CALLAO, PERU ISTANBUL MEXICO CITY SANTOS COLON, PANAMA IZMIR NHAVA SHEVA TAICHUNG PLEASE CALL OUR TOLL FREE LINE: 1800-*****66 FOR BOOKING Overseas Offices Hongkong
      993 words
    • 1200 40 OCKL (Singapore Pte Ltd CFS Keppel Distrpk 65 CMo St OCIC Ctr #42-00 *****13 Blk Sl3 #01-128 J CR HO **********0H M: 272 7827 tor booting T«l: *****83 fax: 438 2966 fu: 272 7825 onmiiry W Orient Overseas Container line (Malaysia) Sdn Bhd (Rag No: *****24J) cat x-N PTTALING JAYA
      1,200 words
    • 177 40 FULL CONTAINER SERVICE SIN PA SIR GUDANG SIN DAILY SAILINGS [VESSEL I VDY ETA PG DAY VOY ICTASN MY PROGRESS 1013S 29/06/99 (THE! 1013W 30/06/99 (*EP) MP222 0069S 30/06/99 (WED) 0069N 01/07/99 fTHJI PROGRESS 1014S 01/07/99 (THU) 1014H 02/07/99 (FW) MP222 0070S 02,-07 "99 (FW) 0070W 03/07/99 fSAT) PROGRESS 101SS
      177 words

  • Page 41 Miscellaneous
    • 138 41 (o M t*\i :-f\ jrrrriMßßi .10S V 100E Si LEGEND: R Thunderstorm Temper oture o^, Shower Weother Wind direction with speed in knots ••Rom Cloudy Sky Wove height Surfoce winds ore mditoted by orrows which fly with the wind Ci) One full circle represents calm or light and variable winds
      138 words