The Business Times, 1 July 1999

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Microfilm: NL21514
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 THE BUSINESS TIMES MITA(PU»4(^I^JO^. 85e SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, JULY 1, 1999
    12 words
  • Article
    Lock icon MARKET SUMMARY
    58 1 D 2W7.70 (-13.38) S3 (-8.92) riflDnanmnDß mm ML7O (-3.70) nr™' STOCK MAIIET INDICES Wednesday Change KLSECOMP 81L19 -18.62 NIKKEI 17,629.74 -263.06 HANO SENG 13*32.14 233J6 SET INDEX 521.77 +4.12 JAKARTA COMP ***** -18J3 —2,***** +2J9 fAIPEI WPI 8,***** -46J0 SBOULOOMP 883.00 -14.44 CISA CHINA B aaav AUSTALLORD 2J68J
    58 words
  • Article
    Lock icon FINANCE
    76 1 FOBSXIinS us* ss USS 1.700 £(U8S/SJper£) li75 1677 EURO(USS/S$ per E) 1.034 1.767 DM im 0.899 YEN 120J 1.406* RM S.800 ***** HKS 7.769 ***** BAIff ,_6LIH« RUPIAH 6,690 0026* 'St to 100 unto PUME BATES SINGAPORE* 5.80 KUALA LUMPUR 7 .26 JAKARTA 40.00 BANGKOK 10.00 MANILA ll.W HONGKONG-
    76 words
  • Article
    Lock icon Fed hikes rate 1/4 -pt
    254 1 US central bank switches monetary policy to neutral from tightening bias Reuter [WASHINGTON] The US Federal Reserve yesterday nudged its key interest rate a quarter percentage point higher but said it was moving its monetary policy bias to neutral from a tightening stance previously. The
    Reuter  -  254 words
  • Article
    Lock icon SES market cap surges 64% to record $314b
    679 1  -  There are now 53 companies in billion dollar club By< Woog Wei Kong [SINGAPORE] A raging bull market saw total market capitalisation on the Stock Exchange of Singapore soar 64 per cent in the first half of this year to hit a
    679 words
  • Article
    Lock icon Telekom and UEM join fray to buy frozen Clob shares
    909 1  -  Proposal might involve cash or share swap at 30% discount From Eddie Toh, Ruth Wong in Kuala Lumpur TWO major listed companies Telekom Malaysia and United Engineers Malaysia have emerged as surprise candidates to buy the frozen Clob shares. In
    909 words
  • Article
    Lock icon Developers set to launch 24 projects totalling 6,580 units in second-half
    590 1  -  Most of the launches planned are 99-year leasehold condo units By. Marissa Chew [SINGAPORE] After a drought of new launches in the first half of this year, it looks like housing developers will be back with a vengeance in
    590 words
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      Lock icon Page 1 Advertisements Column 1
      151 1 Get insured A new educational series on Insurance starts In Executive Money tomorrow IHHIIMM SKlMtsnp Mjuritins nit SLA has formed a subsidiary in the Indian Ocean island of Mauritius to save on the cost of housing pilots hare, Pg 2 Mttna's $2Gu4b bp Contract manufacturer Goldtron has reported a net
      151 words
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      Lock icon Page 1 Advertisements Column 2
      27 1 Fall rankings: Pg 18, 19 Bellwether stocks double at half time, Pg 18 A whopping 90.2b units traded, pg 18 Buoyant times for equity issues, Pg 18
      27 words
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      17 1 Price uptrend seen continuing, Pg 2 't K M 'I' i a y- H? k SieMatic O.
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon SIA sets up Mauritius unit to save on expat pilots' costs
      519 2  -  Move saves airline $5,000 a month per pilot on subsidies for housing and other allowances Ity I Conrad Raj SINGAPORE Airlines has formed a subsidiary in the Indian Ocean island of Mauritius to save on the cost of housing
      FILE PHOTO  -  519 words
    • Article, Illustration
      Lock icon Uptrend in private home prices seen continuing
      384 2  -  Jones Lang LaSaile cites limited supply, robust take-up By. Marissa Chew PRIVATE residential property prices, which have been climbing steadily since Q4 98, will continue to trend upwards given the limited supply and strong take-up in the past three quarters, says property consultancy.
      Source: Jones Lang LaSalle  -  384 words
    • Article, Illustration
      Lock icon Asian visitors help lift total arrivals in May by 1.8%
      333 2  -  Visitors from region up 4-2% due to school holidays By] Marissa Chew VISITOR arrivals here continue to grow, rising 1.8 per cent year-on-year in May to 558,291 as arrivals from Asia XSSR. Visitor arrivals have been on the mend since
      Source: STB  -  333 words
    • Article
      Lock icon Arcasia Land sets up business centre in Silicon Valley
      314 2 ARCASIA Land, the private property arm of Jurong Town Corporation, has set up a onestop business centre in Silicon Valley. The centre, Gateway@SV, is to provide ready-built office facilities including support services to help new companies entering the US market. It
      314 words
    • Article
      Lock icon Price Waterhouse, Coopers to merge in S'pore today
      493 2  -  PwC S'pore will be biggest professional firm here By< Conrad Raj THE undisputed No 1 in accounting in Singapore will be formed today with the formal merger of Price Waterhouse and Coopers Lybrand to create PricewaterhouseCoopers Singapore (PwC Singapore). The new auditing
      493 words
    • Article, Illustration
      Lock icon May bank loans fall sharp 3.1%
      351 2  -  EYE ON THE ECONOMY Loans By i Clarissa Tan TOTAL bank loans fell 3.1 per cent year-on-year in May to $148.3 billion. an even sharper fall than the 2.6 per cent drop registered in April, according to latest statistics from the Monetary Authority of
      Source: MAS  -  351 words
    • Article
      Lock icon S'pore office rents ranked 31st in global survey, down 7 notches
      311 2 Costs are now half of HE'S, which is in sth spot at US$74 psf SINGAPORE has grown more competitive compared to other cities over the last half year, improving its ranking seven notches to be the 31st most expensive
      311 words
    • Article
      Lock icon DBS Bank sees Singapore's economic growth hitting 3.5-4%
      256 2 ECONOMIC growth this year will surpass the government's forecast of zero to 2 per cent, says DBS Bank's economic research department. It expects growth to hit the "upper end of the 3.5-4 per cent range". The recovery will be fuelled by the
      256 words
    • Article
      Lock icon SingTel, StarHub tie up interconnect deal
      175 2 SINGAPORE Telecom and Star Hub have struck an interconnect deal which the Telecommunication Authority of Singapore has lauded as a good move that would translate into greater convenience and lower costs for consumers. The two parties submitted their agreement to the TAS yesterday. They
      175 words
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  • ASIA ON THE MEND
    • Article
      Lock icon Thailand posts first growth in Q1 after seven negative qtrs
      746 3  -  Bat don't declare slump's over until there's farther proof, warn analysts From'. Harish Mehta in Bangkok THAILAND hauled itself out of a deep recession earlier than expected, posting a 0.9 per cent growth in the first quarter, the country's central
      746 words
    • Article
      Lock icon HK's high-tech drive: New vision or illusion?
      647 3 Some economists say govt should focus on HE'S strengths like financial services Reuters [HONGKONG! Since Hongkong returned to China two years ago its leaders have been seeking a new vision for the former British territory, linking its future to a more diverse economy
      Reuters  -  647 words
    • Article
      Lock icon BOJ tweaks view of economy and spooks markets
      409 3 Stocks down, yen np after BOJ says Japan has 'dearly' stopped declining Reuters [TOKYO] The Bank of Japan made a tiny but key change in its assessment of the economy yesterday, rocking markets with fears that the central bank would tighten its
      Reuters  -  409 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon JSE to raise minimum transaction size for bank stocks
      170 4 JAKARTA Bloomberg THE Jakarta Stock Exchange is set to raise the minimum amount of shares for a single transaction in banking stocks by 10 times starting Monday. The exchange's management said it will raise the minimum size to 5,000 shares for
      Bloomberg  -  170 words
    • Article, Illustration
      Lock icon Philippine stocks look set to continue rise: analysts
      567 4 MANILA Economic revival's buoyed sentiment, they say; index seen hitting 3,000 by year-end Reuters THE Philippine share market has climbed steadily since reaching six-year lows last September and looks set to continue its rise in the second half of the year, equities
      Reuters; Source: Bloomberg  -  567 words
    • Article, Illustration
      Lock icon Supachai nod to WTO job plan angers Thai PM
      339 4 BANGKOK Reuters THE Thai candidate in the long-running World Trade Organisation (WTO) leadership race said yesterday that he would accept a proposal to share the position with his main rival if there was no other way to break the deadlock. But
      Reuters; REUTERS  -  339 words
    • NOTE Book
      • Article
        Lock icon Estrada rates himself 75-80 in first year
        59 4 AFP [MANILA] Philippine President Joseph Estrada, celebrating the first anniversary of taking power yesterday, awarded himself "between 75 and 80" marks (out of 100) for his performance so far, but vowed to do better. "I think it's still very low so this coming
        AFP  -  59 words
      • Article
        Lock icon Thai vehicle output doubles
        62 4 Bloomberg [BANGKOK] Thailand's assembled car and truck output in the first five months more than doubled from the same period a year ago, as manufacturers shipped more abroad and a rebound in the economy ftielled domestic buying. January-May output was 104,996 units, two-fifths of which was
        Bloomberg  -  62 words
      • Article
        Lock icon Sukma says police threatened him
        65 4 Reuters [KUALA LUMPUR] The adopted brother of Anwar Ibrahim said yesterday that he falsely accused the former deputy premier of sodomy after Malaysian police had threatened to have him shot. Sukma Darmawan told the High Court that police threatened to frame him on an ammunition
        Reuters  -  65 words
      • Article
        Lock icon New Thai cabinet line-up in the offing
        87 4 Reuters [BANGKOK] Thai Prime Minister Chuan Leekpai (right) said yesterday that the possible departure of the Social Action Party (SAP) from his coalition government would not affect its stability, but added that he may need more time to rearrange his cabinet. The former
        Reuters  -  87 words
      • Article
        Lock icon Further delay seen in Indon GE results
        59 4 Reuters [JAKARTA] The head of Indonesia's General Election Commission (KPU) said yesterday that counting of votes cast in the June 7 general election may not be completed by the revised July 8 deadline. So far, fewer than 60 per cent of votes from
        Reuters  -  59 words
      • Article
        Lock icon Manila may ease monetary policy
        78 4 AFP [MANILA] Philippine authorities are to loosen their monetary stance farther to push down interest rates while taking care to avoid unsettling the peso, the central bank said yesterday. A central bank policy paper said that as the economy rebounds from the Asian crisis, it
        AFP  -  78 words
    • Article
      Lock icon World Bank sets up graft watchdog for E Asia
      299 4 WASHINGTON Bloomberg THE World Bank has established an outside advisory watchdog to help root out corruption in East Asia as part of its drive to prevent further misuse of anti-poverty funds. The formation of the panel made up of representatives from
      Bloomberg  -  299 words
    • Article, Illustration
      Lock icon Anwar's old ally Zahid replaced as bank chief
      297 4 KUALA LUMPUR Umno Tonth official Abdnl Azim takes over at savings bank AFP [KUALA LUMPUR) A former ally of jailed ousted deputy premier Anwar Ibrahim has been replaced as chairman of Malaysia's savings bank, reports said yesterday. Ahmad Zahid Hamidi, former youth
      AFP; FILE PHOTO  -  297 words
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      114 4 Biz Card Manager The easiest way to manage all your business contacts! '*IBHH IBr 11 1 i i i i i 33 I! ""«w Biz Card Manager scans and reads all your business cards and automatically creates a database of your business contacts. With Biz Card Manager, you can k
      114 words
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Lock icon Zhu highlighted on state TV amid quit rumours
      473 5 BEIJING Traders point to concerns over Zhu's status after failure to nail WTO deal Reuters, AFXAsia CHINESE Premier Zhu Rongji was highlighted on state television news yesterday amid rumours in Asia's financial markets that the beleaguered reformist was under pressure to resign.
      Reuters,; AFX- Asia  -  473 words
    • Article, Illustration
      Lock icon Poll shows 46% of Hongkongers unhappy with govt
      442 5 HONGKONG They feel democracy, human rights, rule of law have eroded Reuters, AFP ALMOST half of the people in Hongkong are unhappy with their government, and many feel human rights, democracy and the rule of law have eroded under Chinese rule, according
      Reuters,; AFP  -  442 words
    • SINO Briefs
      • Article
        Lock icon Taiwan investment in China falls 69%
        72 5 Reuters [TAIPEI] Taiwan said yesterday its indirect investment in rival China dropped 68.59 per cent In the first five months from a year earlier. In all, 158 projects worth U*****.55 million (*****.6 million) were approved between January and May in 1999, it said in
        Reuters  -  72 words
      • Article, Illustration
        Lock icon Tourism Industry recovers
        65 5 AFP [BEIJING] Women dressed for the summer heat visiting a Chinese temple, once part of the Imperial Forbidden City complex, yesterday. Visitor numbers to China and revenue are both up by more than 14 per cent in the first five months of the year, the State Tourism
        AFP  -  65 words
      • Article
        Lock icon China gives Coke the all-clear
        58 5 Reuters [BEIJING] China has given Coca-Cola soft drinks an all-clear after a scare in Europe prompted Chinese health authorities to test for contamination, the official Xinhua news agency said yesterday. Tests conducted in Beijing, Shanghai, Tianjin, Guangzhou and Zhuhai showed production procedures complied with health
        Reuters  -  58 words
      • Article
        Lock icon Guandong creditors reject writedowns
        29 5 AFX-Asia [HONGKONG] Creditors of Guangdong Enterprises (Holdings) Ltd have rejected writedowns proposed in the firm's restructuring plan, an analyst familiar with the talks said. -AFX-Asia
        AFX-Asia  -  29 words
    • Article
      Lock icon HK rating may fall if China butts in: int'l agency
      266 5 HONGKONG Bloomberg HONGKONG could face a credit rating downgrade if China interferes in its economic policies, said international credit rating agency DufT Phelps. Hongkong's "A" sovereign credit rating, though, won't change as a result of China's decision to overturn a
      Bloomberg  -  266 words
    • Article
      Lock icon China to lower import tariffs to 15% despite stalled WTO bid
      361 5 BEIJING It'll also gradually speed up opening of banking, insurance and telecoms official Reuters CHINA will cut the average tariff on imported goods by 2 percentage points to 15 per cent in 2000, Foreign Trade Vice-Minister Sun Zhenyu was
      Reuters  -  361 words
    • Article
      Lock icon Disney talks beset with disputes over land, tax breaks: report
      369 5 HONGKONG DISAGREEMENTS over several issues have forced government negotiations with Disney over a theme park to be extended by up to three months, the South China Morning Post reported in its Internet edition last night. Talks are understood to have
      369 words
    • Article
      Lock icon Taiwan to sell record NT$281b of shares to close budget gap
      380 5  -  From, Macabe Keliher in Taipei TAIWAN'S central and provincial governments will begin an 18-month sell-off of a record NTJ281.2 billion (5514.8 billion) worth of shares in both state-owned and private industries this month. The central bank says that is
      380 words
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      Lock icon Page 5 Advertisements Column 1
      135 5 7" %'77 7 7. I m\ < U' Discover the Flavours Spices of India 2 to 9 July 1999 Visiting Chef Anupam Banerjee from The Oberoi, New Set Lunch $23+++ per person Delhi will delight you with some of the finest creations 11 30am to 2.30pm of Indian flavours and
      135 words
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      433 6 new Armada commitment, f* J* v S 5 m m m m 4* *v*4 t «*WW»A .>. •*-#>'f »g' 1% -4 The new Armada Express Platinum Service*. What makes it so different is that it's about more than service. It's about understanding your needs and frustrations. It's about being committed
      433 words
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  • ASIA
    • Article, Illustration
      Lock icon Fischer quits as Aussie DPM and trade minister
      372 7 CANBERRA Reason: hectic schedule; he'll also step down as party chief but will stay on as MP Bloomberg AUSTRALIA'S Deputy Prime Minister Tim Fischer resigned as deputy prime minister, trade minister and National Party leader, citing a hectic schedule and a desire
      Bloomberg; AFP  -  372 words
    • Article
      Lock icon Australian trade gap narrows, boosting A$
      198 7 SYDNEY Reuters AUSTRALIA posted a smaller than expected trade deficit in May thanks to an unexpected dip in imports, allaying fears in financial markets of another record trade gap and boosting the Australian dollar. The Bureau of Statistics said yesterday the balance on goods
      Reuters  -  198 words
    • Article
      Lock icon HK firm to invest in N Korean casino
      191 7 HONGKONG Reuters HONGKONG'S Emperor Group said yesterday it would invest US$lBO million (Ss3o6 million) in a new casi-no-hotel complex in North Korea, saying it was the biggest foreign venture in the famine-stricken state. A company statement said the new Emperor Hotel Casino
      Reuters  -  191 words
    • Article
      Lock icon Toray warns of fibre industry shakeout
      311 7  -  No quick fix seen for Asia's huge synthetic fibre overcapacity From. Anthony Rowley in Tokyo ASIA'S key synthetic fibre industry will continue to suffer problems of huge overcapacity despite recent improvements in some regional economies, Toray Industries president Kutsuhiko Hirai predicted yesterday. He also
      311 words
    • ASIA Notes
      • Article
        Lock icon Aussie laws on tax concession passed
        51 7 Reuters [CANBERRA] Australian Financial Services Minister Joe Hockey said laws exempting corporate bonds from withholding tax and extending tax concessions to offshore banking units will help Australia's push to become a regional financial centre. The changes were passed in the Senate on Tuesday night.
        Reuters  -  51 words
      • Article
        Lock icon US$100m bond sale by Indian firm
        58 7 Bloomberg [NEW DELHI] Power Finance Corp, a state company that raises money for India's electricity firms, will start selling US$lOO million (Ssl7o million) in seven-year bonds overseas today. The bonds will carry a coupon of 145 basis points over Libor, which closed on Tuesday
        Bloomberg  -  58 words
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      Lock icon Page 7 Advertisements Column 1
      208 7 SONY. It'll make your audience <s 1" Hln For more details, come visit our websitt at http://www.i3ny.colll.sg/9roftfttioMat SQI VPL-S9OOM VPL-X6OOM VPL-XIOOOM VPI-X2OOOM SVGA «XGA .XGA .UXGA 110 c ANSi Lumens »600 ANSI lumens *1100 ANSI Lumens *2400 ANS- Lumens Sony Singapore A Division Company Of Sony Marketing International (S) Pte
      208 words
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  • THE WORLD
    • Article
      Lock icon US May leading indicators up 0.3%, indicating more growth
      502 8 NEWYORK Current expansion, now in its 9th year, likely to become longest in history Bloomberg THE index of leading US economic indicators rose in May, suggesting the current expansion will become the longest in history. The index rose 0.3 per cent
      Bloomberg  -  502 words
    • Article
      Lock icon Tokyo still the most expensive city in the world
      273 8 LONDON Bloomberg TOKYO remains the most expensive city in the world to live in, and the relative cost of life in Japan is rising, according to a report by the Economist Intelligence Unit. The report measures the cost of living across
      Bloomberg  -  273 words
    • Article, Illustration
      Lock icon Great eye-catcher
      47 8 [CHICAGO] The "Jazz Cow is one of the 300 life-size painted and sculpted Fiberglas cows on display on Tuesday, as part of the "Cows on Parade" in Chicago, Illinois. They were painted by local artists and are expected to be a major tourist draw. AFP
      AFP  -  47 words
    • Article
      Lock icon Apec shifts debate on tariff cuts to WTO
      247 8 m AUCKLAND WTO urged to widen agenda to inclnde industrial products Reuters ASIA-Pacific trade ministers yesterday effectively ended Apec's days as an arena for slashing regional tariffs by shifting the debate to the World Trade Organization. Winding up a two-day meeting, the
      Reuters  -  247 words
    • Article
      Lock icon An eventful second half in store at the EU
      827 8  -  LETTER FROM BRUSSELS A new team is set to make waves and may rock the boat too much By Shada Islam J ULY looks set to be a month of change and transformation in the European Union as key institutions come
      827 words
    • Article
      Lock icon Sales of chipmaking equipment down 19% in April
      319 8 TOKYO Bloomberg WORLDWIDE sales of equipment used to make microchips fell almost 19 percent in April from the same month a year earlier, the 12th straight month of decline, as US and Japanese chipmakers scaled back capital spending, industry figures showed. Equipment
      Bloomberg  -  319 words
    • Article
      Lock icon Sumitomo case: Merrill to pay US$15m to govt
      313 8 WASHINGTON Brokerage accepts settlement without admitting or denying charges: CFTC Bloomberg MERRILL Lynch Co agreed to pay US$l5 million (5525.5 million) to settle US government charges that it participated in one of the biggest commodities «candals by helping Sumitomo Corp manipulate the
      Bloomberg  -  313 words
    • Article
      Lock icon US anti-trust probe into sub-sea cable launched: report
      256 8 NEWYORK Reuters THE US Justice Department has launched an anti-trust investigation of the undersea cable business that involves some of the world's biggest telecommunications companies, the Wall Street Journal reported yesterday. A department spokeswoman confirmed that anti-trust enforcers are "looking at the
      Reuters  -  256 words
    • WORLD Watch
      • Article
        Lock icon Dow correction seen within 3 months
        82 8 Reuters JUAN-LES-PINS, France] US shares are headed for a correction within three months that will eventually take the Dow Jones down more than 40 per cent to 6,500 points, fund manager Regent Pacific said yesterday. A US Federal Reserve hike in short-term interest rates,
        Reuters  -  82 words
      • Article
        Lock icon Fugitive Frankel may surrender: report
        88 8 Reuters [HARTFORD, Connecticut] A US money manager suspected of absconding with up to US$3 billion (Sss.l billion) is considering surrendering to federal authorities in Connecticut, the Hartford Courant reported yesterday. The newspaper cited unnamed sources who said a criminal defence lawyer contacted federal prosecutors on
        Reuters  -  88 words
      • Article
        Lock icon Chernomyrdin returns to Gazprom
        102 8 Reuters [MOSCOW] Former Russian prime minister Viktor Chernomyrdin was appointed chairman of the world's biggest gas company, Gazprom, yesterday, bringing him back to the powerful company he used to run. Mr Chernomyrdin's election by the new, 11-member board at a shareholders' meeting capped his return to
        Reuters  -  102 words
      • Article
        Lock icon Vitamin makers face record EU fines
        92 8 Bloomberg [BRUSSELS] European Union Competition Commissioner Karel Van Miert said pharmaceutical companies will have to pay "record" EU fines for fixing vitamin prices, signalling that companies such as Roche Holding AG and BASF AG may each be hit with well over US$lOO million (Ssl7o
        Bloomberg  -  92 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Will Blair back off from the euro now?
      856 9  -  THE BOTTOMLZXE OPINION By Michael Hindley Michael Hindley retired as a Labour Member of the European Parliament at the elections and is now a freelance writer and researcher BEFORE the historic landslide victory of the Labour Party in May 1997, Tony Blair,
      856 words
    • Article
      Lock icon IN OTHER WORDS
      107 9 The crisis was bigger than any worst-case scenario we could have imf ined Philippe I/Enfut a senior executive with Coca-Cola Enterprises, on why it was slow to react when hundreds of people became sick after drinking Coke in Belgium. That is why we don't do it often.'
      107 words
    • Article
      Lock icon Ball in Pakistan's court
      652 9 EDITORIAL AS the conflict between India and Pakistan in Kashmir rages on, it is becoming increasingly evident that the onus to end the hostilities rests largely with Pakistan. The world's major powers have declined to buy Pakistan's line that the infiltrators in the Kargil region in
      652 words
    • Article, Illustration
      Lock icon Wiser to wait before you buy China's S-shares
      1177 9  -  Such second listings benefit managers at expense of the firm and its shareholders By\ Sun Qian The writer is an associate professor at Nanyang Technological University NO LESS than 30 Shanghaiand Shenzhen-listed Chinese firms plan to have a secondary listing in Singapore
      FILE PHOTO  -  1,177 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      1004 9 Clinton hop the spotlight ONE Senate. Two Clintons. It is a concept so novel, so alarming, attention must be paid. Jeffrey Toobin caused a kerfuffle when he wrote in The New Yorker this week that Bill Clinton was interested in running for the Senate from Arkansas
      1,004 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Egyptian wine escapes state grip
      1253 10  -  With Cairo selling the state monopoly and letting in private wine-makers, tippling in Egypt is undergoing a sea change, reports Christine hauser CHRISTINE HAUSER Reuters A CAGED lion and cub greeted party-goers at the gates of an elegant private club on the banks of the
      Reuters; FILE PHOTO  -  1,253 words
    • Article, Illustration
      Lock icon Not your usual model
      349 11  -  PEOPLE Emmy winner C&mryn M&nheim's modelling for a pins-size retailer By Jj James Barron NYT [NEW YORK] "I'm a fashion model now," the actress Camryn Manheim declared. "I'm fabulous." Is this an over-the-top scene from a David E Kelley script? "Yeah," said Manheim, who won an
      NYT; FILE PHOTO  -  349 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      125 10 i c 4 ■W •> y >*■-' w 0 ti *r f •I I it > An Etkknai, Spring Awaits You vvilh ;i I day lioll lioli(la\ in Kunming. China from Ss!>o9 \iii-. 11. .1f.1,.% S I .1.1, tMii.lv I...irs N 1,, V.1 I |..|i.l,> .V 1,.,., I li.O'il 1.1
      125 words
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      410 11 Where to wine, dine and entertain..."^ "lunch" is the best for lunch and high tea rolled into one. Which means longer serving hours and even more scrumptious spreads. a Tunch" from 12 noon 4.30pm #15.80 (Adult) #11.80 (Child) "Tunch Karaoke" from 12 noon Bpm #21.80* (Adult) #17.80* (Child) Inclusive of
      410 words
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      Lock icon Page 11 Advertisements Column 2
      46 11 Discover the Flavours Spices of India with Chef Anupam Banerjee from The Oberoi, New Delhi. 2 to 9 July 1999 Set Lunch Dinner available daily USA Enquiries: 831 6291 MumianA QQ Seaport AMiv% 33 j Orchard Raid. Smgjpore *****7 TfilTJ" Tel: 737 4411 fix 732 2361
      46 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Lock icon Page 11 Miscellaneous Column 1
      1051 11 CRYPTIC CROSSWORD 4 Byron's wolf-like descendant? 10 Sing about rise given to re- cruits in the past (8) 12 It is fitting amidst extremes of jy13 Turn to someone important ~~■Bpfor backing monorail had? (3-5,4) 20 Not descriptive of those with i dull pupils (5-7) 25 We are disheartened, or
      1,051 words
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  • MOTORING
    • Article, Illustration
      Lock icon Where've all the COEs gone?
      608 12  -  A wider-than-usual gap in registrations vis-a-vis COEs released leaves some dealers puzzled, says CHRISTOPHER TAN CHRISTOPHER TAN YOU might call it "the case of the missing COEs"; and it has left some motor dealers scratching their heads. With the new vehicle quota system into its
      FILE PHOTO  -  608 words
    • Article
      Lock icon Why car registrations, tendered COEs don't tally
      138 12 BMWjbjMTB and parolket aharoc In Ql, they accounted for around 10 per cent of the car segment. If this is maintained for the rest of the year, the car-COE gap will still exist. Hoarding of Open COEs: With around 1,000 pieces released each
      138 words
    • Article
      Lock icon Sumber Surya to handle Audi in S'pore
      460 12  -  New distributorship Premium Automobiles will start up by Q4 Byi Christopher Tan [SINGAPORE] Diversified Sumber Surya of Indonesia, whose businesses include the Daewoo distributorship here, has clinched the Audi franchise for Singapore. Confirming a BT report in April, representatives from Sumber Surya and
      460 words
    • BUMPER to BUMPER
      • Article
        Lock icon VW, Audi franchises in Brunei
        97 12 THE Volkswagen and Audi franchises for Brunei previously held by Singapore-listed Inchcape Motors will now be handled by separate parties. Car Cars, the newly-appointed VW agent here, will soon pick a dealer in the sultanate. Premium Automobiles, part of an Indon group that has secured
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      • Article
        Lock icon Rover 75 sees brisk sales in UK
        85 12 THE Rover 75 executive sedan has garnered 11,000 bookings in the first week of its launching in the UK. According to BMW Rover's parent group this is "unprecedented" by any previous Rover product. The response translates to a three-month order book, and production
        85 words
      • Article
        Lock icon Common platform for Clio, March
        101 12 RENAULT and Nissan will unveil their first common platform product in 2002. The platform will be shared between the Renault Clio and Nissan March (Micra elsewhere). Since the new Clio has just been introduced, it may be safe to assume it will be Nissan's ageing
        101 words
      • Article
        Lock icon Motorcycle club holiday packages
        59 12 FANCY a motoring holiday with a difference? Wings of Freedom, an international motorcycle club, offers packages in 15 locations across the US, Europe, Australia and New Zealand. Programmes are said to be flexible and "reasonably priced". The club plans to arrange lessons for non-riders. Those interested
        59 words
      • Article
        Lock icon Magazine finds BMW 3-series very safe
        98 12 EUROPE'S top car magazine auto motor und sport has found the new BMW 3-series sedan to be a safe car indeed. In its recent crash test, it was especially impressed with the head protection the car offers. "Never before has auto motor und sport
        98 words
      • Article, Illustration
        Lock icon Here's Opel's new coupe
        60 12 OPEL will unveil a new coupe at the Frankfurt Motor Show in September. Stepping into the shoes of the Calihra, the coupe will he powered by a two-litre turbo engine with 190 horsepower. Two normally-aspirated variants offering 147 and 115 horses will also be available. It
        60 words
      • Article
        Lock icon Ford buys F-1 Grand Prix team
        125 12 FORD Motor Co has bought Stewart Grand Prix (driver Jackie Stewart's racing team) in an effort to use Formula One motorsports as a showcase for new technology. According to a Bloomberg report, Ford already supplies engines for the team that Stewart, 60, and son
        125 words
      • Article
        Lock icon Mazda to supply vehicles to Mitsubishi
        67 12  -  Christopher Tan MAZDA Motor, a Ford affiliate, will supply Mitsubishi Motors with 8,000 commercial vehicles a year, according to a Bloomberg report. Mazda will supply Mitsubishi with its Bongo vans and trucks beginning this fall for sale domestically under Mitsubishi's Delica nameplate. Mitsubishi will
        67 words
    • Article, Illustration
      Lock icon Opening soon, at an underpass near you
      88 12 [SINGAPORE] The first part of Singapore's pioneer four tier interchange will open to traffic soon. The Braddell-Bartley underpass, comprising three lanes in each direction, is due to be ready later this month. The underpass is part of a Xl2O million project to build
      ARTHUR LEE  -  88 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Goldtron posts $25m loss and huge extraordinaries again
      500 13  -  Extraordinary items of $150 m take bottom-line loss to $175 m By< Christopher Tan [SINGAPORE] Beleaguered contract manufacturer Goldtron yesterday reported a net loss of $25.4 million before staggering extraordinaries of $150 million for the year ended March 31, saying that it
      500 words
    • Article, Illustration
      Lock icon IPC, Infomatec tie-up a chicken and egg situation?
      456 13  -  By David Boey [SINGAPORE] IPC's multimillion dollar plan to tie up with Germany's Infomatec AG could get into a chicken and egg situation. Though upbeat about the deal to buy a major stake in IPC, Eduard Will, chairman and chief executive officer
      FILE PHOTO  -  456 words
    • Article
      Lock icon It's that RM6.46 question again for Sime Darby
      784 13  -  HOCK LOCK SIEW Ruth Wong Malaysian conglomerate Sime Darby Bhd was recently thrown into the limelight, but not for something it should be proud of. Just hours before it sealed a deal to sell Sime Bank to RHB Bank on Tuesday, one
      784 words
    • Article, Illustration
      Lock icon Shares of disk drive suppliers beat a retreat
      477 13  -  Correction comes after Seagate's profit warning By, Jennifer Lien [SINGAPORE] Shares of listed suppliers to the disk drive industry fell with a thud yesterday after weeks of euphoric sentiment, following a profit warning from Seagate Technology. Brilliant Manufacturing, which on Tuesday said
      Source: Bloomberg  -  477 words
    • COMPANIES
      • Article
        Lock icon AFP's Golden Agri IPO expected to be launched tomorrow
        557 14  -  INITIAL PUBZJC OFFERS Placement shares said to be folly taken np by institutional investors By Ven Sreenivasan [SINGAPORE] Institutional clients have taken up all the placement shares of Asia Food Properties (AFP) subsidiary Golden Agri-Re-sources and the Indonesiancontrolled company is launching
        557 words
      • Article, Illustration
        Lock icon Nera 114 times subscribed; attracts 138,472 applications
        403 14  -  6% of applicants allotted shares; bulk for small investors By. Annette Pan [SINGAPORE] Nera Telecommunications' mainboard initial public offer drew such a huge number of applicants that only 6 out of every 100 applicants will get their hands on some shares. The public
        FILE PHOTO  -  403 words
      • Article
        Lock icon Del Monte Pacific, Strike Engg get SES nod
        342 14 Del Monte said to be planning to sell USs2oom worth of stock here [SINGAPORE] Del Monte Pacific of the Philippines and homegrown Strike Engineering have each received inprinciple approval for a listing on the stock exchange here. Mainboard-bound Del Monte, which is
        342 words
      • Article
        Lock icon Hotel Plaza buys 2 Malaysian hotels in RM108m deal
        430 14 P&rkroy&l in Pen&ng and KL will bring group's hotel portfolio to 11 [SINGAPORE] Banker Wee Cho Yaw's Hotel Plaza is buying two Malaysian hotel companies for 108.4 million Malaysian ringgit (Ss4B million) as part of its aim "to own one hotel
        430 words
      • Article, Illustration
        Lock icon Directors unwind long-held positions
        838 14  -  INSIDE VIEW By' Wong Wei Kong [SINGAPORE] Substantial shareholders in listed companies continued to sell shares last week, some taking advantage of buoyant market conditions to unwind long-held positions. The selling, as well as the drop in buying activity, helped pushed the Primark Director Sentiment Index
        838 words
      • Article
        Lock icon Hotel Royal not in talks to redevelop or sell site: chairman
        227 14 THE Lee family, which owns Hotel Royal at Newton Road, is not interested in redeveloping the landmark into condominiums or selling it, quashing once again persistent speculation about the hotel's future. "We are looking for a long-term investment and
        227 words
      • COMPANY Briefs
        • Article
          Lock icon Pertama Hldgs cats loss by 62%
          54 14 [SINGAPORE] Pertama Holdings reduced its net loss by 62 per cent to $1.1 million for the year ended March this year, despite a 35 per cent drop in group turnover to $139 million. Its directors have declared a dividend of 0.5 per cent, unchanged
          54 words
        • Article
          Lock icon Casa Hldgs back to profit at half-time
          47 14 [SINGAPORE] Casa Holdings has bounced back with a half-time net profit of $1.3 million from a loss of $1.6 million. For the six months to March 31, turnover rose 4 per cent to $38.5 million. There was no interim dividend.
          47 words
        • Article
          Lock icon Pacific Andes posts HK$15.7m loss
          46 14 [SINGAPORE] Pacific Andes has sunk into the red for the year ended March 1999. Net loss came to HK$l5.7 million (553.4 million) while turnover dropped 32 per cent to HK$l.4 billion. No dividend was declared, compared with 5 per cent previously.
          46 words
        • Article
          Lock icon Yeo Hiap Seng names directors
          63 14 [SINGAPORE] Yeo Hiap Seng has confirmed Leong Horn Kee as managing director and chief executive officer and appointed two new key executives, effective today. Mr Leong has been acting MD and CEO since May. The company appointed George Khoo Eng Kee its executive director for
          63 words
        • Article
          Lock icon L & M boardroom changes
          74 14 L M boardroom changes [SINGAPORE] L&M Group Investments has undergone major boardroom changes, with William Soeryadjaya taking over as chairman from Edwin Soeryadjaya, who is now deputy chairman. Edward Soeryadjaya has become a full director, after resigning as alternate director to Edwin Soeryadjaya. The company has also appointed S Chandra
          74 words
        • Article
          Lock icon Ex-MD sells Kim Eng shares
          45 14 [SINGAPORE] Former managing director of Kim Eng Holdings Douglas Ooi is no longer a substantial shareholder of the company. On Tuesday, he sold 18.65 million shares at $1.56 apiece, whittling his stake to 4.15 per cent from 7.4 per cent.
          45 words
        • Article
          Lock icon SM Summit expands CD business
          51 14 [SINGAPORE] SM Summit Holdings is investing $20 million to expand its CD recordable and CD manufacturing business, allowing it to export CD-Rs to Europe, the US, Japan and South-east Asia. The expansion involves the acquisition of new CD production lines and CD-R manufacturing machines and
          51 words
        • Article
          Lock icon Semb Re sells shophouses for $6.8m
          51 14 [SINGAPORE] Sembawang Resources has sold six freehold, two-storey shophouse units to an unnamed buyer for $6.8 million. The shophouses are located along North Bridge Road and occupy a land area of about 7,262 sq ft, with a gross floor area of some 15,385 sq
          51 words
      • Article
        Lock icon Wing Tai, KepLand to invest in 100m yuan Suzhou park project
        405 15  -  Tie-up with Chinese partners will build commercial, housing space of 50,000 sq m Teh Hooi Ling [SINGAPORE] A Singaporean consortium led by Wing Tai Holdings has joined hands with a Chinese partner to invest 100 million yuan (5520.4 million)
        405 words
      • Article
        Lock icon Dragon Land buys building for $15m
        196 15 Tannery Lane industrial property isitsfirstinS'pore [SINGAPORE] Dragon Land yesterday exercised an option to buy a new seven-storey industrial building for $15 million. The purchase price was arrived at after commercial negotiations on a willing-buy-er-willing-seller basis, the company said. It added that the acquisition would
        196 words
      • Article
        Lock icon MMI offers 1-for-1 bonus; CM Tel places out shares
        256 15 [SINGAPORE] MMI Holdings yesterday rewarded shareholders with a one-for-one bonus issue while CM Telecom announced a share placement to raise US$ll million (5518.7 million). The precision engineering firm said it launched the bonus issue to mark its 10th anniversary. It said:
        256 words
      • Article
        Lock icon Nobel to raise $7.6m via share placement
        248 15 [SINGAPORE] Sesdaq-listed Nobel Design Holdings plans to raise about $7.6 million in the capital market through a proposed placement of 10 million new ordinary shares at 78 cents per share. The funds will help finance the development of Nobel's electronic commerce business and
        248 words
      • Article
        Lock icon Naluri to unveil debt plan
        104 15 Reuters [KUALA LUMPUR] Malaysia s Naluri Bhd said yesterday it expects to announce a 1.2 billion Malaysian ringgit (***** million) debt restructuring plan soon. Naluri said it has submitted a plan to restructure the debts of its 29 per cent associate, national carrier Malaysian Airline
        Reuters  -  104 words
      • Article, Illustration
        Lock icon Loh Wing Siew steps down as MD of Keppel Corp
        208 15 [SINGAPORE] Loh Wing Siew, who began his career with the Keppel group in 1960. yesterday stepped down as managing director of Keppel Corporation and chairman of Keppel Marine Industries. Keppel Corp said yesterday that Mr Loh, who would remain as
        208 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Taiwan's Via Tech to buy National Semicon unit
        471 16  -  It says CPU maker Cyrix will help it to spark revolution in chip industry From\ Macabe Keliher in Taipei TAIWAN-BASED chip designer Via Technologies Inc confirmed yesterday it has signed a letter of intent to buy US based National Semiconductor Corp's money-losing
        471 words
      • Article
        Lock icon Phone venture Global One's chief to quit
        186 16 Bloomberg [BONN] Head of Global One will step down in July, amid rising speculation about the future of the phone venture owned by Deutsche Telekom, France Telecom and Sprint Corp. Gary Forsee, 49, has been head of the venture since February 1998. Michel
        Bloomberg  -  186 words
      • Article, Illustration
        Lock icon NTT splits to trigger competition among carriers
        476 16 Bloomberg Reuters [TOKYO] At midnight in Japan, Nippon Telegraph Telephone Corp split into three carriers as part of a 17-year-old government strategy to boost competition and make the world's largest telecommunications company more efficient. The reorganisation, a modified version of Tokyo's original plan,
        Bloomberg; Reuters; REUTERS  -  476 words
      • Article
        Lock icon Vodafone, AirTouch complete merger, listing ADRs on NYSE
        247 16 Total market value makes group 2nd largest in Footsie AFP [LONDON) Leading British and US mobile phone operators Vodafone and Air Touch completed their much-trum-peted merger yesterday, creating the world's biggest mobile telephone outfit and the second largest quoted company in London.
        AFP  -  247 words
      • Article
        Lock icon TD Waterhouse applies for seat on HK stock exchange
        201 16 Bloomberg [HONGKONG] TD Waterhouse, the No 3 US on-line brokerage, has applied for a seat on the Hongkong stock exchange, following Charles Schwab which bought one last week. The South China Morning Post reported. The paper, citing Andrew Nevin, TD Waterhouse's
        Bloomberg  -  201 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon NYSE failed to halt illegal trading by floor brokers: SEC
        555 17 Guilty pleas by nine brokers show the self-regulatory Big Board slipped up LAT-WP [NEW YORK] New York Stock Exchange officials looked the other way while at least 64 floor brokers made millions of dollars illegally trading stocks, according to a
        LAT-WP; FILE PHOTO  -  555 words
      • GLOBAL Briefs
        • Article
          Lock icon Prudential buys Taiwan insurance firm
          91 17 AFP [LONDON] Prudential Corporation, the biggest British life assurance company, yesterday said it had agreed to buy Hung Fu Life Insurance Company of Taiwan. It said the purchase came as part of a concerted drive to expand in Asia. It did not mention the price.
          AFP  -  91 words
        • Article
          Lock icon British Telecom to buy Control Data
          109 17 Bloomberg (LONDON] British Telecommunications is in talks to buy closely held Control Data Systems for US$34O million (Sss7B million) to expand its range of services for business customers, a person familiar with the matter said yesterday. Control Data of the US makes software that
          Bloomberg  -  109 words
        • Article
          Lock icon KDD denies move to sell stake to Telstra
          71 17 Bloomberg [TOKYO] KDD Corp, Japan's largest international phone company, denied it is in talks to sell 10 per cent of its stock to Telstra Corp, Australia's No 1 ranked telecoms company. KDD spokesman Yukiharu Moriyama said talks weren't under way between the
          Bloomberg  -  71 words
        • Article
          Lock icon NTT Data, DoCoMo buy Net firm
          84 17 Reuters [TOKYO] NTT Data Corp and NTT Mobile Communications Network (NTT DoCoMo) acquired 60 per cent stake of Mediabank, an Internet provider of Softbank Corp, yesterday for an undisclosed sum, a DoCoMo spokesman said. As a result, NTT Data's ownership in Mediabank increased to
          Reuters  -  84 words
        • Article
          Lock icon Siemens to sell shares in Matsushita JV
          70 17 Bloomberg [MUNICH] Siemens of Germany said it will sell shares in its components joint venture with Matsushita Electric Industrial Co by the first quarter of next year. The offering of the venture, to be called Epcos AG, will occur either in the last
          Bloomberg  -  70 words
      • Article
        Lock icon Compaq sells AltaVista to CMGI for US$2.3b
        193 17 LAT-WP [NEW YORK] Compaq Computer Corp has sold AltaVista, one of the best-known search engines on the Web, to Internet company operator CMGI in a deal valued on Tuesday at US$2.3 billion (553.9 billion). AltaVista, a Web site that has helped millions of
        LAT-WP  -  193 words
      • Article, Illustration
        Lock icon Wal-Mart seeks to buy savings and loan bank
        574 17 Retail giant's move will send shivers through banking industry: analysts Bloomberg, Reuters [NEW YORKI Wal-Mart Stores Inc. the world's largest retailer, has sought permission from federal regulators to buy a savings and loan bank so that it can offer financial services to
        Bloomberg,; Reuters; Source: Bloomberg  -  574 words
      • Article
        Lock icon PwC tells its managers to sell all holdings in client firms
        263 17 Bloomberg (NEW YORK) PricewaterhouseCoopers (PwC), the world s largest accounting and consulting firm, told about 10,000 managers to sell investments in companies the Firm audits. "We have now extended to client-services' managers an existing policy that keeps some of
        Bloomberg  -  263 words
    • RANKIHG BY MARKET CAPITALISATION
      • Article, Illustration
        Lock icon Bellwether stocks double at half-time
        1044 18  -  GE Life leads with 152% surge, but penny stocks yield six-fold gains Rejmrta by Ven Sreenivasan [SINGAPORE] If you had picked up a few lots of bellwether counters late last year or early this year, chances are that you would now be laughing all the
        1,044 words
      • Article, Illustration
        Lock icon Buoyant times for equity issues, with $2.8b raised in H1
        423 18  -  Amount is 75% more than the $1.6b raised in the whole of 1998 Bif Wong Wei Kong [SINGAPORE] Buoyant market conditions produced a flurry of equity issues in the first half with dozens of listed companies and initial public offerings
        FILE PHOTO  -  423 words
      • Article
        Lock icon A whopping 90.2b units traded
        713 18 [SINGAPORE] Turnover on the Stock Exchange of Singapore in the first half speaks volumes: a whopping 90.2 billion shares changed hands, nearly 22 per cent more than the 74.2 billion units seen for the whole of last year. In fact, the speculative fever that engulfed
        713 words
      • Article
        Lock icon Ranking of Singapore companies by market capitalisation
        3617 19 oa COMPANY MKT CAP NO Of CLOSING PRICE CHNG PE 30 W) SHARES JUN 30 DEC 31 RATIO 1999 1998 1998 (MILLIONS) 1999 1998 B1 2 SingTel *****.8 ***** 2.92 2.52 15.9 22.8 2 3 SIA *****.6 962 14.80 7.15 107.0 18.4 3
        3,617 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon CSFB going for a second raid on staff at rival Deutsche Bank
        224 20 Bloomberg [NEW YORK) Credit Suisse First Boston and Deutsche Banc Alex Brown are battling over the German bank's 50person healthcare investment banking group, as CSFB tries complete its second mass raid on its rival in less than a
        Bloomberg  -  224 words
      • Article, Illustration
        Lock icon BNP, SocGen, Paribas talks fail to resolve takeover battle
        541 20 Failure of talks sponsored by Bank of IVance leaves BNP free to proceed with its bid for SocGen Bloomberg [PARIS] Banque Nationale de Paris SA's talks with Societe Generale and Paribas to resolve a takeover battle have collapsed, the Bank of
        Bloomberg; FILE PHOTO  -  541 words
      • Article
        Lock icon Stanchart revamps Thai bid, eyeing second bank
        378 20 Bloomberg [BANGKOK] Standard Chartered pic has reached an agreement to take over a Thai bank and may make an offer for another, a person familiar with the situation said yesterday, adding to the South-east Asian businesses that already overshadow its interest in the
        Bloomberg  -  378 words
      • Article
        Lock icon Pru of US entering Japan pension fund market
        279 20 Bloomberg [TOKYO) Prudential Insurance Company of America, one of the world's largest managers of pension money, said it will start offering asset management services to Japanese pension funds next month. "Our target is to have 500 billion yen (Ss7 billion) in assets
        Bloomberg  -  279 words
      • Article, Illustration
        Lock icon Former Bankers Trust chief quits soon alter Deutsche takeover
        387 20 FT, Reuters [NEW YORK] Frank Newman. former chairman and chief executive of Bankers Trust, resigned from Deutsche Bank on Tuesday, having survived the US$lO.l billion (5517.2 billion) German takeover of his bank less than a month. He is expected to receive
        FT,; Reuters  -  387 words
      • Article
        Lock icon Quotation of Singapore Government Stocks (June 30,1999)
        372 20 NOICATNE NUMB® MIDDLE PRICES MATURITY YEAR RAISED COUPON INTEREST Of OATS OF (EXCLUOWG GROSS RATE AMOUNT PAYMENT ACCRUED ACCRUED REDEMPTION (%PA) (SM) DATES WTEREST WTEHESP, YaD{*PA) 01/09/1999 N*****1T 1997 2 3/4# 1130.00 1/9 1/3 121 100.20# 1.56# 01/09/1999 N*****0T 1992 4 7/8 700.00
        372 words
      • Article
        Lock icon Futures slip on profit-taking
        119 21  -  SIM ISA Reports MSCI Singapore Index Edward Cheung, Jardine Fleming THE MSCI Singapore Index slipped from the open as prof-it-taking set in ahead of the FOMC rate decision. Foreign shares in Singapore Airlines pushed the market lower on the announcement that the company will not compensate
        119 words
      • Article
        Lock icon Futures fail to sustain highs
        171 21  -  MSCI Taiwan ftitures Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures yesterday dipped by nearly 9 points from its opening despite Wall Street's overnight rise in Nasdaq and Dow Jones indices. Locals, ING Futures Options and Refco Singapore were buyers at the
        171 words
      • Article
        Lock icon Oil prices rise after report of drop in US crude stocks
        341 21 ENERGY REPORT Reuters [LONDON] Oil prices rose yesterday after another unexpected drop in US crude oil stocks and signs of growing demand for petrol set the market's sights on new 18month highs. London August Brent Blend crude futures were
        Reuters  -  341 words
      • Article
        Lock icon CURRENCY REPORT
        314 21 Reuters, AFP London THE US dollar held above 11/2 week lows against the yen and was steady against the euro, with traders waiting for the outcome of the US Federal Open Market Committee meeting. Foreign exchange dealers said trading ranges and volumes had contracted to a minimum with
        Reuters,; AFP  -  314 words
      • Article, Illustration
        Lock icon Untitled
        1334 21 INTERBANK CROSS RATES C$ Bwb Euro Ffr Dm HK$ Ind Bs Ruplah Yen Won BM NZ$ Pak Rs Peso s$ Rand Sfr WT$ Balrt Pownd us$ ustr l,a 0974 c 6178 0 639 4,90 '-249 5.125 28.641 44.187 0.799 7.644 2.510 1.246 34.121 25.142 1.123 3.980 1.023 21.334 24.356 0.419
        1,334 words
      • Article
        Lock icon Untitled
        1868 21 SICOM FUTURES -inn :ui RUBBER (futures closing as at 530pm) RSS1 CONTRACTS centsAg) Close Volume Open Month High low Sett (tonnes) Interest Jut 99 101.75 Aug 99 102.50 300 Sep 99 104.00 104.00 104.00 600 900 Oct/Dec 99 107.25 1050 Jan/Mar 00 H2.00 600 Apr/Jun 00 115.50 RSS 3 CONTRACT
        1,868 words
    • Article, Illustration
      Lock icon HONGKONG
      1452 22 Reuters fl Hang Seng -£R35 STOCKS closed lower yesterday as investors squared up ahead of a possible US interest rate rise and a market holiday in the territory. The blue chip Hang Seng Index closed down 233.35 points, or 1.70 per cent, at 13,532.14. Turnover was HK512.04 billion, up
      Reuters  -  1,452 words
    • Article, Illustration
      Lock icon CHINA
      609 22 Reuters CI Shanghai B Index -258 SHANGHAI'S hard currency B shares ended down 4.23 per cent yesterday as cautious sentiment due to rapid expansion of the domestic A share market spilled over to B shares, brokers said. The B Share Index retreated 2.58 points to 58.6 on turnover of
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  609 words
    • Article
      Lock icon TAIPEI
      324 22 AFP QWP Index -46L90 TAIWAN share prices dipped 0.6 per cent yesterday on prof-it-taking spurred by institutional investors, dealers said. "Selling was mainly sparked by foreign investors after they began to sell some of the technology shares in the previous session," said Yu Yin-kai, analyst at Grand Cathay Securities.
      AFP  -  324 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2282 22 LONDON MmM* J»» 30 Pound 3i Group 12.2 -0.09 National 11.91 -0.24 A B Foods 4.20 -0.04 A B Ports 2.87 -0.08 Alliance Leicester 8.57 0.02 Allied Domecq 6.12 0.02 Allied Zurich 7.98 0.02 Anglo American Gold 43.70 unch ASOA Group 2.17 0.01 Ban* of Scotland 8.40
      2,282 words
    • Article
      Lock icon TOKYO
      1640 22 AFP □Nikkei 225 -253.06 SHARE prices in Tokyo closed 1.4 per cent lower yesterday on heavy profit-taking in the final hour of trading, brokers said. The Nikkei-225 Average lost 253.05 points to end at the day's low of 17,529.74. Late selling came after the index rallied more than 150
      AFP  -  1,640 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Lock icon Untitled
        8484 23 INDUSTRIALS Consumer products W "-ait Vol Day Net Cat Lo Company Soto OOO High Low P/E $*<l 3 it? 2 12 *l'nomoto 360 unch 10 370 360 22.8 145 9 137 46 Angkasa 118 -4 2954 132 118 Sjn 2 n2 Apollo Food Hlq 318 6 920 344 314 111
        8,484 words
      • Article, Illustration
        Lock icon Malaysian shares dip as investors cash in
        464 23 AFP AFX-Asia C 3 Composite Index -18.62 MALAYSIAN share prices closed 2.3 per cent lower yesterday as investors sold their blue-chip holdings after recent gains, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 18.62 points to finish at 811.10 while the
        AFP; AFX-Asia  -  464 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Lock icon Untitled
        2229 24 BONOS. LOANS WARRANTS <-««t Vol Day Last Quote aTJ High Low Stno Company Sola *or- COOO) High Low Buyer Seller Prlco 98.5 3 s 3160 «Acer ******1USS 84.5 unch 744 87 84 84 84 5 80 <5 3164 Acma W*****4 75.5 -3 1084 80 75 75 75 5 75 I®
        2,229 words
      • Article
        Lock icon CLOB INTERNATIONAL
        223 24 HONGKONG STOCKS Of Gr 52 w Vol Day LMt Oust* Otv D<« Ykl Ntt HCw High Low Stno Company S«« (OOP) Hkfr Low Buyoc Mlm H C'»r H P/C jm» 365 173 5123 COL (2000) HK 315 330 340 a 3.7 2-5 10.7 6098.9 5124 C«thjy P»c 20<
        223 words
      • Article
        Lock icon Kian Ho wrt has some attractions
        176 24  -  WARRANT WATCH -By R Sivanithy THERE aren't that many sub-50-cent counters left in the market, so perhaps we better feature as many of these as possible while there are still some around. The Kian Ho Bearing 2002 warrant is one. which as the name
        176 words
      • Article
        Lock icon WELLINGTON
        307 24 AFP n Wellington -10.89 NEW Zealand share prices closed weaker yesterday after paper company Carter Holt stumbled, dealers said. The NZSE-40 Capital Index ended down 10.89 points at 2,136.40 on total market turnover of NZ$l35 million. Carter Holt Harvey shed 22 cents to NZ52.26, and JB Were's Alan Stout
        AFP  -  307 words
      • Article, Illustration
        Lock icon BANGKOK
        865 24 AFP PI SET Index +4J2 THAI stocks rose 0.8 per cent yesterday as cautious investors waited for an expected rise in US interest rates, dealers said. Early buying in the bank and finance sector petered out after monthly economic data from the Bank of Thailand failed to convince investors
        AFP  -  865 words
      • Article
        Lock icon SEOUL
        415 24 AFP CI Composite Index -14.45 SOUTH Korean share prices closed 1.6 per cent lower in volatile trade yesterday after Samsung Motors applied for court receivership and scrapped a'planned business swap, dealers said. The Composite Index closed down 14.45 points at 883.00. Volume was 258.2 million shares worth 4 trillion
        AFP  -  415 words
      • Article
        Lock icon SYDNEY
        658 24 AFP PAH Ordinaries -22.4 AUSTRALIAN shares closed down 0.7 per cent yesterday on fears of a hike in US rates and book-squaring by fund managers at the end of the fiscal year, brokers said. The All Ordinaries Index finished down 22.4 points at 2,968.9. The All Industrials Index closed
        AFP  -  658 words
      • Article, Illustration
        Lock icon JAKARTA
        775 24 AFP C 1 Composite Index -1&53 INDONESIAN share prices tumbled 2.7 per cent yesterday with the possibility of a hefty US rate hike and speculation of a devaluation in China prompting late panic selling, dealers said. They said "various rumours" late in the session also influenced the market, including
        AFP  -  775 words
      • Article
        Lock icon MANILA
        337 24 AFP H Manila +139 PHILIPPINE share prices advanced slightly yesterday due to liquidity inflows and an overnight rise on the US market, analysts said. The Composite Index rose 2.39 points to close at 2,486.96 points. Turnover fell to 5.31 billion shares worth 3.82 billion pesos from 12.612 billion shares
        AFP  -  337 words
    • Article
      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      7332 25 Transaction date: Jun 30 j Hian„ u f* 4 Vol Day Last duet* Dlv 01* YM N»t Cm Am 9 stNo Company Solo COOP) High Low »uyor Seller H C'vr P/E )mU p rtct MULTI-INDUSTRY '55 17.5 mb ,000 AcmaSOc 172 cd -6 1761
      7,332 words
    • Article
      Lock icon SESDAQ
      1551 25 MANUFACTURING >4? 30 c 2049 AS Auto tOc 140 -I 1542 144 139 139 140 ION 07 159 9 140 "0 C 2051 ASJHIdgs20c 100 -2 101 105 too 97.5 lOO 3.8 10.9 0.8 16.4 90 99 93 61.5 C ANM Com 10c 84 -3 3499 90 81.5 84
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    • STOCK EXCHANGE OF SINGAPORE
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        408 26 Stocks Volume IPC Cofpn 5c 86,474,000 Samudera 10c 78,467,000 Frt Links 20c 49,581,000 Inno-Pac 20c 45,075,000 ICT HKIOc 44,650,000 Eagle Brand Hldgs HK75c 40,247.000 Poh Lian Hk 34,507,000 Sin Soon H 10c 33,855,000 Nobel Design5c 30,447,000 Goldtron 20c 30,043,000 Stocks Samudera 10c 65.258,375 DBS Foreign 53.318,612 NOL 50,305,770 l-One 5c
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        Lock icon STI fails in gallant bid to recapture 2,200 level
        635 26  -  Market weighed down by forced selling, caution ahead of Fed's meeting, region's weakness STOCK MARKET COMMENTARY By R Sivanithy FORCED selling, caution ahead of the US Federal Reserve interest rate meeting and a weak day for the whole region were the
        635 words
      • ON THE GRAPEVINE
        • Article
          Lock icon Telephone's 120-year history
          133 26 MANY people may not realise this, but telecommunications service has been around in Singapore for 120 years. In 1879, three years after Alexander Graham Bell invented the phone, the first private telephone switchboard of 50 lines was installed on this island by Bennet Pell, the local manager
          133 words
        • Article
          Lock icon Stock market jam
          86 26 THIS may be as good an indication as any that the Singapore stock market is booming. A broker who goes to work at 8.15 am everyday said she used to get to office before 8.30. But now she has to start out at Bam and is sometimes
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        • Article
          Lock icon Too big a chip for Richard Li
          117 26 RICHARD Li, son of Hongkong tycoon Li Ka-shing, does not like to hear the T word. The 'f word he is averse to is 'father'. Superman junior, as the younger Mr Li is dubbed by the Hongkong press, is very sensitive about being
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        • Article
          Lock icon Too costly to play around
          95 26 A STORY by Bloomberg from Washington said McDonald's Corp has just agreed to pay millions of dollars in damages to settle complaints about children injured playing on its restaurants' playground equipment. More than 400 injuries to children were reported on Big Mac Climber jungle gyms
          95 words
        • Article
          Lock icon Clob kitty
          68 26 THE recently formed Securities Investors Association (Singapore) is pegging its individual and associate entrance fees at $18, while the entrance fee for a corporate membership is $280. At these rates, the kitty which the association could dip into to advance the interests of its members could balloon to
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      • Article, Illustration
        Lock icon HOT STOCK
        65 26  -  -By Wong Wei Kong POH Lian shares rose 1 cent yesterday to $0.93 on a volume of 34.5 million shares, compared with its 10-day traded average of 15.2 million units. The technical indicators like the RSI, Stochastics and MACD charts suggest that the stock is coming out of
        65 words
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      91 13 (This appears as a matter of record only) a SembCorp y Logistics SEMBCORP LOGISTICS LTD (Incorporated in the Republic of Singapore) (1) The proposed acquisition of the remaining 33.33 per cent of the issued and paid up share capital of Singapore Offshore Petroleum Services Pte Ltd not already owned by
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      183 14 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islandst. 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
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      45 15 Announcement It's official. From today, 1 July 1999, the merger of Price Waterhouse and Coopers Lybrand means only one thing... 9 SINGAPORE! http://www.pwcglobal.com/singapore 6 Battery Road #32-00 Singapore *****9 Tel *****66 Fax *****66 9 Penang Road #12-00 Park Mall Singapore *****9 Tel *****44 Fax *****39/*****48
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      51 16 f This announcement appears as a matter of record only June 1999 NERH TELECOMMUNICATIONS Nera Telecommunications Ltd (Incorporated in the Republic of Singapore on 19 October 1978) INITIAL PUBLIC OFFERING OF 44,400,000 SHARES AT $0.98 EACH Manager; Underwriter and Placement Agent DBS BANK THE DEVELOPMENT BANK OF SINGAPORE LTD V
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      770 16 NERH TELECOMMUNICATIONS Nera Telecommunications Ltd (Incorporated in the Republic of Singapore on 19 October 1978) Invitation in respect of 44,400,000 ordinary shares of $0.20 each comprising 10,000,000 New Shares and 34,400,000 Vendor Shares as follows:(1) 13,000,000 Offer Shares at $0.98 for each Offer Share by way of public offer; and
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      762 17 BUKIT SEMBAWANG ESTATES LIMITED FINANCIAL STATEMENT AND DIVIDEND ANNOUNCEMENT Unaudited Results for the Year ended 31 March 1999 The Group The Company $000 $000 1 Results 1999 1998 Change 1999 1998 Change (a) Turnover 84,130 26,705 215.0 2,023 20,660 (90.2) (b) Other income including interest income 324 285 13.7 2
      762 words
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      284 20 Em /m rest donesia The Indonesian stock market has seen the return of many investors. The signs are good. But is this the beginning of a recovery? We do not have all the answers. But we can give you market access. It's your call. For enquiries to open an individual
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      60 25 Multiply your wealth. jM l|f mW\ The Equity Investment Account from Citibank. \|f §Mh Gives you credit to invest in shares and interest on your positive balance. j Wfm W What better way to multiply your money? Call 339 7126 to open an account today. Of visit our website at
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      2803 26 Toothache? See your dentist, investment advice? You need DBS investor Online. Get the Best. Call us at 323-3955 83 DBS BANK NOTICES j 0 advertise call toll-free 1800-741 1883 Fax No: 741 1298 I I IN THE MATTER OF THE COMPANIES ACT, CAR SO CHINA NATIONAL OVERSEAS ENCINEERING (SINGAPORE) PTE
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  • SHIPPING TIMES
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      302 27 Bridge News, Reuters TRADING remained in a pause for Panamax activity, especially in the Atlantic with mixed views on the direction of the market. Rates remained very weak for capesize tonnage with a 1982-built, 129,000-tonner fixed for a round voyage in the east at just U553,750 daily. Futures
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    • Article
      Lock icon MARITIME STOCKS
      295 27 SES 'Mp Jan St W CWT Distribution 1.69 -0.03 267 ChuanHup 1.47 uncti 6733 Cosco invastmant 162 0.02 1725 Fraight Links 0.52 unch ***** GB Holdings 1.28 -0.03 1055 Hal Sun Hup 1.01 -0.02 3752 IMC Hoidlngs-HK 5.60 unch 0 Jay* Holdings 1.30 -0.02 2673 Jurong Shipyard 8.35
      295 words
    • Article
      Lock icon S'pore working on ballast water treatment
      462 27  -  Scientists to present pioneering work on treatment process to IMO committee From David Hughes in London SCIENTISTS from Singapore will be presenting pioneering work which could help stop the spread of unwanted, and often destructive, aquatic plants and animals around the world through ships'
      462 words
    • Article
      Lock icon New safety rules in force today
      367 27  -  Solas amendments inclnde measures for bulk carrier safety By! S Shivani [SINGAPORE] Several new regulations on the safety of life at sea. especially for bulk carriers, come into effect today. A new chapter on bulk carrier safety has been added to the International Convention
      367 words
    • Article
      Lock icon P&O order sets the pace
      741 27  -  NEWBUHiDS By. David Hughes THE big news of the past two weeks has, of course, been P&O's US$2 billion (553.4 billion) spending spree on cruise ships. The orders for five ships, which are accompanied by a number of options, certainly underline P&O's determination to stay
      741 words
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      Lock icon Carnival Triumph's delivery delayed
      213 27 Reuters [MIAMI] The Carnival Cruise Lines unit of Carnival Corp said it expects technical difficulties to delay the delivery of its new 102,000-ton cruise ship Carnival Triumph. Carnival, the world's largest cruise line based on passengers carried, said the delay is not expected to hurt earnings.
      Reuters  -  213 words
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      Lock icon Holyman expects profitable 1st half
      163 27 Reuters [SYDNEY] Shipping and transport group Holyman Ltd said it will post a profit for the six months to June 30, following its restructuring efforts. Holyman, which will release its results on Aug 13, said in a statement it expected to announce "a profitable six
      Reuters  -  163 words
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      Lock icon Sailing through region's crisis
      1037 28 SINGAPORE MARINE: INDUSTRY Shiprepair sector shines as industry enjoys 14% rise in turnover to record Ss3.B6b in 1998 despite tough year [SINGAPORE] THE local marine industry managed to stay afloat in 1998 despite the economic crisis that plagued many regional economies and the resulting recession and
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    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      209 28 PAGE Dongnama 3 ACL 6 ECU Lil 6 AHL 3 ECL 4 Accord 8 Ew 9 r n 6 Appenship 5 Fooo< Sun 8 Austral 8 Baiaji Shpq 5 <***'«« 6 BSA 7 B'tanq Mas 8 H, n 3 CCNI 7 HWngA 4 Hyundai 7 CMA 8
      209 words
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      Lock icon SHIPPING GUIDE
      19570 35 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Destn Name Name Number Number tx Amrt ian (AO it r\n i To BUENOS AIRES (BUE) 2060 Arqentina To ABIDJAN (A3J) 2003 Cote D Ivoire oe/o; o2/oe
      19,570 words
    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        756 39 esse Voy No Berth Arrival Departure Asean *ino»f 903* JJ Monona* 01.07/1300 Cuming Sari 09/99 J13 alongside 01.07/0800 01 J8/9 alongside 01.07/2000 Marcopoio 48 PRW010 J17 alongside 01.07/0800 7 s51 05/99 J12 alongside 01.07/1800 J2 J2 alongside 01.07/2000 Timper Wealt 2 J5 alongside 01.07/1100 *ulu Seraya 2099 J3
        756 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1814 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO I Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From A" 0101 02/0700 U JO/BOO 30/1659 30/1900 10/1500 io/Mst xmoo 2* 30/1700 OV0659 OVOtOO 21 10/1700 OV0659 OI/OWO 01/0700 01/1159 01/1400 4 01/1200 01/1459 01/1700 *I4Bmj»4 2 8502* 02/0700
        1,814 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        185 39 Ml Canada: Canada Day. Jul 14 France: National Day. Jul 15 Brunei: HM The Sultan's Birthday. Jul 21 Belgium: Independence Day. Ao| 2 Ireland-Republic Of: August Holiday. Aa{ 9 Singapore: National Day. South Africa: National Women's Day. An* 12 Thailand: HM Queen's Birthday. Aug 15 Belgium: Assumption Day.
        185 words
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        Lock icon COCKETT BUNKER MARKET REPORT
        789 39 THIS report, compiled by Cockett Ma rlne Oil Ltd. shows price ranges in LIS 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
        789 words
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        Lock icon VERITAS BUNKER QUALITY REPORT
        552 39 Carbon 180 Mai 990.6 2.0 17.4 0.10 78 0.05 Jun 24 Density Water Residue Ash Aluminium Sediment No above E25 0 1 0 0 0 380 Ave 986.9 0.3 13.0 0.06 37 0.02 Cikoti 380 Mai 992.8 0.8 19.2 0.09 90 0.06 k/m-3 v/v s m/m
        552 words
    • AIR & LAND TRANSPORT NEWS
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        Lock icon Boeing to lobby US govt against subsidy for A3XX
        499 40 Any aid will violate US-Europe accord on subsidy for large civil aircraft Reuters [SINGAPORE] Boeing will lobby the US government to prevent the payment of launch aid for the development of the giant new Airbus A3XX passenger plane, The Independent newspaper
        Reuters; FILE PHOTO  -  499 words
      • Article
        Lock icon Air India invites bids from Boeing, Airbus
        258 40 AFP [BOMBAY] India's international carrier Air India will invite formal bids from US aircraft maker Boeing Co and its European rival Airbus Industrie for a contract to expand its fleet, officials said yesterday. "The board of directors has asked us to go ahead
        AFP  -  258 words
      • Article
        Lock icon Alitalia may be violating bailout terms
        449 40 European Commission probing rivals' complaints Bloomberg [MILAN] The European Union's executive agency said it has "serious concerns" that Alitalia, Italy's state-run airline, has run afoul of the terms set out in its 2.75 trillion-lire (552.4 billion) state subsidy from 1997. The commission is investigating
        Bloomberg  -  449 words
      • LOG Book
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          Lock icon China Airlines gets three Boeing planes
          99 40 AFP [TAIPEI] Taiwan's largest air carrier China Airlines (CAL) has taken delivery of three planes from US aerospace giant Boeing Co to replace old aircraft, the company said. One 8747-400 and two 8737-800s worth US$27O million (***** million) were delivered on Saturday and Monday,
          AFP  -  99 words
        • Article
          Lock icon Bangkok airport to close one runway
          86 40 AFP [BANGKOK] The Airports Authority of Thailand (AAT) said it will close down Bangkok international airport's west runway for maintenance for four months. The repairs on the 3.8 kilometre runway are to cost 420 million baht (5519.3 million) and are scheduled to be completed
          AFP  -  86 words
        • Article
          Lock icon Lufthansa unit wins PAL contract
          64 40 AFX-Asia [FRANKFURT] Deutsche Lufthansa AG airline and airport consulting services unit Lufthansa Consulting said it has signed a contract with Philippine Airlines (PAL) to improve the latter's operational results and performance, as well as its long-term viability and market position. Assessment of the state of
          AFX-Asia  -  64 words
        • Article
          Lock icon Dragonair studying long-haul routes
          58 40 AFX-Asia [HONGKONG] Hongkong Dragon Airlines Ltd (Dragonair) is studying the possibility of operating long-haul routes outside the region, said Wang Guixiang. chairman of Dragonair shareholder China National Aviation Co Ltd (CNAC). Speaking to reporters after CNAC's annual general meeting, Mr Wang said Dragonair's interest is by
          AFX-Asia  -  58 words
      • Article
        Lock icon 2 planes in near collision at Kennedy airport
        207 40 Reuters [NEW YORK] An Icelandair passenger plane and an Air France cargo jumbo jet almost collided on Sunday night at New York's Kennedy airport, Newsday reported. The newspaper quoted Federal Aviation Administration (FAA) officials as saying the Boeing 757 passenger jet that
        Reuters  -  207 words
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        Lock icon Carry on shopping
        64 40 [LONDON] Brian Collie, retail director of British Airports Authority (BAA), and television celebrity Anthea Turner with a basket of dutyfree goods at Gatwick airport. Despite the European Union's decision to abolish tax and dutyfree shopping for travel within the European Union yesterday, the BAA will continue to
        REUTERS  -  64 words
      • Article
        Lock icon Tata will not bid for Bangalore airport
        295 40 Bridge News {NEW DELHI] One of India's largest business groups, the Tatas, will not bid for the proposed new airport in the southern city of Bangalore. "You know the reason, it's obvious," a top Tata official said yesterday. The obvious reason is that
        Bridge News  -  295 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1954 40 OTY FlIGHT ETA fUCHT ETP AN8295 M50 0F5 2250 AMI aid* BA7381 1930 BA7382 2055 LH6374 1450 LH779 2350 OF82 2055 S0325 1450 NZ4579 2350 AN8229 2230 LH778 1605 S***** 2350 LH6380 2230 N***** 1605 IH6373 2355 S0229 2230 M2007 1605 S026 2355 A—tiri— NJ37 M95
        1,954 words
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      23 27 S'pore marine industry sailing through crisis Shiprepair sector shines as industry enjoys 14% rise in turnover to record Ss3.B6b in 1998. Page 2
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      12 27 Ever wondered how your competitors got there first? Sri' H,irk for r'fnswv.
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      39 27 Boeing to lobby US govt against subsidy for A3XX Any aid will violate US-Europe accord on subsidy for large civil aircraft. Back Page HF campaign vessel highlights unsavoury side of shipping 4| II*"* ill Strait Talk TheßisinessTimes Shipping times
      39 words
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      270 28 N.Y.K. LINE 1993 (S) PTE LTD 150 B«ach Road #25-00 Gateway West Singapore *****0 Tel: *****23 Fax: *****54 Telex: R*****9 Cable: NYKAGENTS Email: nyk_mail@sg.nykline.com CHANCE OF NAME To better serve our growing customers' requirements as Regional Headquarters covering all Asian countries with more enhanced functions and responsibilities, kindly be informed
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      821 28 L, nes 4 services represented u u ii v ft Memoers of tne 2101 i) Members of the Registry of Ui Singapore Freight Forwarders Accredited Shipping Agents Association Singapore Shipping Association gj ULY LINE MALE VISSEI VOY ETA Tlw TfU P. KLAHC SPORE MALI Princess Lily V 0799 06/07 07/07
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      1197 29 I SAX SERVICE (DIRECT) vtssa voy smeia uu oak pal hou or ax mtn hi nyc AWGAMgT Olg 30/06 15/07 20/07 20/07 20/07 20/07 20/07 20/07 21/07 21/07 msnm. 0121 07/07 22/07 27/07 27/07 27/07 27/07 27/07 27/07 28/07 2«/07 AftIUTOUOK 02t£ 14/07 29/07 03/08 03/06 03/06 03/0» 03/00 03/06
      1,197 words
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      2097 29 @C»lll— Wm Hllhl HANJIN SHIPPING Ikl-i 4Mihdyiin So* *****30 HAIUm SHIPPING (S) PTE UP tiny tiyii con IOOKINC *****35 737 SALES *****74 731 DOCUNEKT *****/1 774 OPtUTIORS *****50 751 MM IM( *****55 FAI *****40 CI MO **********QM I TO NW USA CANADA USA CANADA* TO*VU/VOY I IAM |SM u« hau/voy
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      412 29 VBStL *0T SIR W6 VOT Ml HR6 REL USR HIS KMTC PROVIDES NUITAIUBD CEDUtf>E AO DAHLIA 0100 02/07 03/07 07/07 OT/07 UUNIAINCK dCKVIUC HTUHPU SWIRTtI 026S 02/07 00/07 11/07 13/07 14/07 KMK HONGKONG WS 04/07 06/07 jgg 07/07 11/07 13/07 15/07 16/07 TO SIHANOUKVILLE/ *Q DAISY 07SI 00/07 10/07 14/07
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      1664 30 MR-SENATOR LINES TO UK/CONTINENT TO MEDI'IKHRANEAN/CANADA my SIM LtH HTM «W« HAM BRV FIX VtSStL VOY TUT" Gfl SPt FOS ~H~C MTU TBAKStUKI W0929 OVJ 23 07 25 07 72 07 23 07 ZS 07 WASHINGTON SENATOR KWH29 01 07 10 07 20 07 22 17 MO7 01 00 HANJM
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      730 30 pa« MAC-NELS S'PftPF Carrier MN CONTR LINES, INC p.gudang:(07)*****26 LJ\y \ZJ **********0® SiBU: (084) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKT: (21) *****45 KUCHfNG (082) *****1-3 CHITTACON6 VANCOUVER MV "KOTA NAGA" V.NG4113 MV "HJ HONG KONG" V.OBIE ETA SIN:
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      720 30 Si EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO Vessel S PORE N SHEVA COLOMBO P KLANG 8 HAS TIGAVII7W 05 JUL 13 JUL 20 JUL 25 JUL CAPE CANAVERAL V 108W 12 JUL 20 JUL 27 JUL 01 AUG TULSIOAS Vlll 19 JUL 27 JUL 03 AUG 01 AUG MASTIGAVIIBW ?6 JUL
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      1563 31 VESSEL VOY KHH HKG SIN PKG PQB DXB DMM |BA BIK IRAN TAKHTI PCL-5108 03/07 04/07 13/07 14/07 15/07 17/07 10/07 IRAN LORESTAN PCL-5110 07/07 09/07 13/07 14/07 23/07 24/07 25/07 27/07 29/07 IRAN TEYFOURI PCt-5111 14/07 16/07 20/07 21/07 30/07 31/07 01/08 03/08 05/08 IRAN BAAKERI PCL-5112 21/07 23/07
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      1859 31 Direct Calls Mm (6 kyiU Na«oya (7 Nys) Tokyo Days) J I SINGAPORE'S GENERAL AGENTS: SO ROBINSON RD TIL 226 1900 FAX: *****08 OUTWARD (l/l) "^"TSoMW^OHOßEOfSa^™"™™™^^™™^ COSTAR SHIPPING PTE LTD #12-00 saiis/IKGS 420M57/60 INWARD DEFT (D/ 0) 4205/ss COSTAR AGENCIES (M) SDN BHD CRNO: **********0* SINGAPORE 06M98 CONVENTIONAL 42QS6S0/55 T/SHPMT
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      669 31 CHINA SHIPPING (GROUP) COMPANY 1 B"5 CHINA SHIPPING CONTAINER LINES CO., LTD. FAR EAST EUROPE FULL CONTAINER EXPRESS SERVICE WESTBOUND (FIXED WEEKLY SERVICES) VSL VOY XOO 1 Q4N I SHA HKO Ij-POM I KTM HAM FXT TROPHY 22QJ 20Juq 22Jun 25Jud MJun 01 Jd 21 Jul hJ 2A kJ 2222
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      1349 32 I H-m— EUROPEAJK/SCAMDIHAViA/FINUNO/RUSSIA c ni.urv oui I SGP ROM ANW HBG THP ZEE LHW LMW THP ROM ANW HBG PKL SGP I l 2522L?2f!L 84/07 22/07 21/07 24/07 26/07 27/07 28/07 i RENOWN RI-R34 17/06 19/06 11/06 2046 2246 1147 12*7 I I 11/07 26/07 04/01 31/07 02/00 03/08 04/01
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      930 32 A ADVANCE CONTAINER LINES (PTE) LTD ■■yl TEL; *****21. FAX *****19, TELEX :RS ***** ACLPL f BOOKINGS PUASi CALL: *****22 SALES A MARKETING *****21 28 OPERATIONS: *****60/ *****06 CR MO 16S38MOOOOE ■AWOKOK TlnniwWK JAKARTA -(7 MkHM VtSSa VOY SM HCK VESSEL VOY SM *T YANTRA BHUM (RAJ] 297N 1/7 Thu
      930 words
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      636 32 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VKSq VOT 1 SIN j PUJ 1 PUR jni err to tUMTAI VENUS V.035S 70/07 mi 02/ M OS/M Qt/M 09/01 GOLDEN DKA&OW V.013S 30/07 Ot/Qg 12/01 IS/W ~ij/oT~~ WAMTAIQUffII i.m 09/01 18/08 7W 2S/M WoT"?^ HAMTAIDRAGON V.OISS 19/08 21/01' 01/09
      636 words
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      409 33 BSA j. MR MYANMA \pßßk FIVE STAR LINE (Myanmar National Line) loading for Yangon (Rangoon) VESSEL VOY SIM PKL PEN PGU SAGAMG 60W SID PAGAN 266W in pt MALAYSIA AGENTS: IOUSTEAD SHIPPING AGENCIES KUL m (03)*****00 PKL HI (03) *****01 PEN: m (04) 2(***** PGU: HI (07) *****21/4 BANK LINE
      409 words
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      1298 33 HYUNDAI MERCHANT MARINE CO., LTD. [VESSEL VOY SmT SOU I IB< I RIM I ANT I HAM IMV I W I IVtSSE VOYI SOU lEH mi ANT HAW WV 1 FS I SM HY 6ARON 320W 01/07 19/07 24/07 21/07 22/07 EUt SSX 07/06 12/06 09/06 10/06 01/07 MX BUTE
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      1119 33 m 1 noojflgon yeoobed ouKxomen Gtp)8(ol(? Wilhelmsen Lines TO NORTH AND lATIN AMERICA 'RORO HEAVYUFT SERVKf VESSEL VOY RAMP HEIGHT SIN 1 LAX CRI 1 MIA SAV BAL Off NYC WW MOB TEXAS F9U 400 Tom 63M 11/07 09/08 11/08 21/08 23/08 2S/08 26/08 28/08 01/09 07/09 TOBA E915 4001
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      1755 34 BANGKOK/ MAP TA PHUT/ LABM CHABANOl JAKARTA/PAN J ANO VESSEL VOY SIN~| BKK MTP LCH VESSEL VOY SIN JKT PJN KOTA HART A HTA041 In PI 04/07 I GURU BHUM 135SB 02/07 04/07 I YANTRA BHUM 297N In Pt 04/07 03/07 AKA BHUM* 350S 00/07 07/07 MATHU BHUM 421N 03/07
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      49 35 INTRODUCING OUR NEW FAR EAST USA TRANSPACIFIC EUROPE SERVICE Turn To Pg 6 FULL CONTAINER (EVERY MON/WED/FRI) EXPRESS SERVICE MSC Agencies Pte Ltd TurnToPgS For Service From PASIR GUDANG/ ■Kb SINGAPORE [S L m MIDDLE EAST/VIETNAM China Snipping (S) See Agencies Pte Ltd 5 JH CONTAINER LINE Pg 4
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  • Page 37 Advertisements
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      46 37 STEttTfcDial74o-6000 Ofl UGlTlSnd —WU (Retrieve more schedules!) Press "1" Select the port and key in S■EJKJ the four digit code eg: To New York (NYC) 2275 Key in your fax number I your phone number Another innovative service offered by The document will be SHIPPING TIMES
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  • Page 39 Miscellaneous
    • Miscellaneous
      Lock icon Page 39 Miscellaneous Column 1
      131 39 LEGEND R Thunderstorm Temperature c X\ A Shower Weother Wind direction with speed in knots Rom Cloudy Sky Wove he '9 ht Surface winds ore indicoted by arrows which fly with the wind One fuM circle represents colm or light and vorioble winds i One holt fleche represents 5 knots
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