The Business Times, 2 July 1999

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Microfilm: NL21514
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES MfFA (P) tt4tn2/98 85* SINGAPORE Interrbst hftft://business-timea.asial.com.sg/ FRIDAY, JULY 2, 1999
    14 words
  • Article
    Lock icon MARKET SUMMARY
    59 1 □sn 2214.75 (+47.05) BT-SU 84CG3 (+19.52) SDISCIFDTDBES 297.00 (+5.30) HMABIETMMD: Mixed STOCK HABXET INDICES Thursday Change KLSECOMP 836JI +24il NIKKEI 17,860.76 +331.01 HANOSENG dosed SET INDEX dosed JAKARTA COMP __673.M +11.01 MANILA COMP _2,***** +139 TAIPEI WP1 dosed SEOUL OOMP 919.98 +36.98 CLSA CHINA B uoav AUST ALL
    59 words
  • Article
    Lock icon FINANCE
    80 1 FOREX BATES US$ SI £(USS/S$ per 1.579 2.681 EURO(US$/8$ per E) 1.036 1.768 DM 1.890 0.898 YEN 120.8 1.406* RM 1800 0.447 HK$ 7.788 0.219 BAHT 36.76 0.046 MJPIAH 6,856 0.026 St to 100 units PUKE BATES SINGAPORE* 5.89 KUALA LUMPUR 7.25 JAKARTA 40 0* BANGKOK 10W MANILA 11.01
    80 words
  • Article, Illustration
    Lock icon Strategists bet on Wall St bash but some economists are wary
    1114 1  -  Upbeat analysts see Dow hitting 12,000 by year-end From Andrew Marks, Leon Hadar in Washington PLEASANTLY surprised by the US central bank's switch to a neutral monetary bias, Wall Street investors may have launched what many top market strategists
    Source: Bloomberg  -  1,114 words
  • Article
    Lock icon Simex volume hits record 3.2m contracts in June
    343 1  -  Bullish regional share markets fuel 12.9% rise By\ Soh Tiang Keng [SINGAPORE! Volatility in the financial markets, particularly the stock market, has resulted In the trading volume of the Singapore International Monetary Exchange hitting an ail-time high of 3.24 million contracts, or
    343 words
  • Article
    Lock icon Telekom, UEM Clob offer works out to a 42% discount
    1366 1  -  Clob investors to get non-voting shares in exchange From Eddie Toh rn Kuala Lumpur TELEKOM Malaysia and United Engineers Malaysia yesterday unveiled a complex scheme to buy the frozen Clob shares, now worth 14.5 billion Malaysian ringgit (556.48 billion) at
    1,366 words
  • Article
    Lock icon Reading between the Fed lines
    494 1  -  COMMENTARY vkhAM KHAMMA interprets the Fed's ambiguously worded statement VIKRAM KHANNA AS was widely expected, the US Federal Reserve nudged up the benchmark Fed Funds rate by 25 basis points at the end of its meeting yesterday. The statement issued by the Fed after the
    494 words
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      151 1 Asia's back IWo years after the crisis, growth Is better, currencies have stabWsed and stocks couM go even higher Pg 6 IHBUIH Astra leads the way The restructuring of USsl.lb worth of debts of Indon conglomerate PT Astra has closed, and bankers are hopeful that the pace at which lenders
      151 words
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      16 1 Clob investor body rejects offer, Pg 2 UEM's Clob offer won't upset PLUS bond, Pg 2
      16 words
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      89 1 Fed focus, Pg 3 A|ll\ 9 Jr in in CARTtM* y^r fjtnwtffic Pasha C watch Automatic movement. Water-resistant to 100 metres. ■3 Prices range from 554,530 *iflHor Available at: <S> Cortina Watch Centre SINGAPORE Cortina Wtalch Ontre Pie LW Ra«les City #01-36 Tal 339 9185 Fax:*****66 Lucky Plaza #01-32 Tel:
      89 words
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  • FOCUS ON CLOB
    • Article
      Lock icon UEM's Clob offer won't upset PLUS bond issue
      312 2  -  Creditors don't see it as hindrance to the RMB.4b bond issue From Eddie Toh in Kuala Lumpur UNITED Engineers Malaysia's attempt to take over the frozen Clob shares will not derail the 8.4 billion ringgit (553.75 billion) bond issue by subsidiary PLUS,
      312 words
    • Article
      Lock icon What they say
      193 2 'This is just another attempt to fleece Singapore Clob investors.' T W Loh, a 61-year-old pensioner who holds about RMI million worth of Clob shares 'How are they valuing the shares? The discounts seem to have been arrived at arbitrarily. There should not be a discount at
      193 words
    • Article, Illustration
      Lock icon Clob investor body rejects offer by UEM, Telekom
      689 2  -  SIAS says liquidity, discount concerns not addressed; SES looking into offer By¥ Wong Wei Kong, Siow Li Sen A LOCAL investor body formed to address the Clob issue yesterday rejected the latest Malaysian offer for Clob shares, although the reaction from some
      FILE PHOTO  -  689 words
    • Article
      Lock icon SIAS' statement
      112 2 ON the brief details available to the SIAS at 6.30 pm today on the offers to buy over Clob shares by Telekom Malaysia United Engineering Malaysia, the Committee regrets that the offerors have still not addressed the two basic concerns of the Clob investors ie, liquidity and discount.
      112 words
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      87 2 French Masterpiece For A Grand Entrance The Wrought Iron Specialist. HD ZINC COATING. (Ail Parts Imported from France Assured Quality and Workmanship) uaran,pe, l for 10 years I rust-proof Visit us at the Showroom now! Lmh Royal ForBe Ple Ltd Tel: 746 <S3 f~*\ v'w CI tl 93 Kallang Way
      87 words
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  • FED RATE HIKE
    • Article
      Lock icon Comforting Fed stance boosts regional markets
      390 3  -  STI hits new high; Manila, Tokyo up 2%, EL 3%; dealers wonder what next? By) R Sivanithy [SINGAPORE] A reassurance from the US Federal Reserve that Thursday's 25 basis points interest rate hike would probably be enough for now sent all regional stocks racing
      390 words
    • Article, Illustration
      Lock icon Sing breaks S$1.70 vs US$ in 7-week high
      386 3  -  Players see strength but wary of possible BOJ intervention to stem yen gains Larry Wee [SINGAPORE] The Singapore dollar rose beyond the key 551.70 level against the US dollar for the first time in more than seven weeks yesterday, bolstered by what
      Source: Bridge  -  386 words
    • Article
      Lock icon Dealers see another 25bps hike this year
      348 3 Reuters [NEW YORK] Most primary dealers of US government securities, in a Reuters poll on Wednesday afternoon, said they expect the Fed to notch up short-term interest rates by another quarter per cent before the end of 1999. The poll showed 16 of
      Reuters  -  348 words
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      35 3 WHICH NEW CAR WAS VOTED IN ITALY*, "THE MOST BEAUTIFUL CAR IN THE WORLD"? It is not Italian. For the answer turn over the page. Awarded In Auiomohilu organization lor Ivsi design aiul Inuld uualiiv"
      35 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Q2 flatted factory take-up rises
      367 4 Amount of space given np drops to half of Ql; reflects upturn in manufacturing AFTER three straight quarters of negative performance, Jurong Town Corporation (JTC) said yesterday that more new flatted factory space was taken up than returned in the second quarter, supporting the view
      367 words
    • Article
      Lock icon Exorbitant interest rates
      251 4  -  MAXLBAG Harry Lim Singapore via Internet OUR local banks are indeed a protected lot, judging from the exorbitant rate of 24 per cent per annum they are charging customers for outstanding credit card balances and cash advances. Why 2 per cent per month when interbank rates have
      251 words
    • Article
      Lock icon Why leave out AFP shareholders?
      200 4  -  Denis Distant via Internet Singapore IT seems to be the fashion for listed companies to take advantage of the current euphoria in stock markets to float subsidiaries via initial public offerings. The successful applicants are certain to make huge profits on listing. Bonvests did this
      200 words
    • Article
      Lock icon An easy credit lesson far Singaporeans
      278 4  -  Desmond Wong Singapore via Internet FIRST, I would like to thank the Monetary Authority of Singapore for its reply, "Loans recovery: not MAS policy to intervene'' (BT, June 29) to my letter, "A tough time with easy credit" (BT, June 9). My intention is
      278 words
    • Article
      Lock icon Output growth forecasts upgraded
      327 4  -  E7E ON THE ECONOMY Manufacturing By, Jennifer Lien A "SIGNIFICANT upturn in the electronics industry" has led to a wave of economists upgrading their forecasts for 1999 manufacturing output. An early-June survey of 13 economists by Londonbased Consensus Economics showed a mean forecast of 5.3 per
      327 words
    • Article
      Lock icon 288 firms taking part in skills upgrade programme: NTUC
      307 4  -  Hy I Soh Tiang Keng THE total number of companies taking part in the gov-ernment-backed Skills Redevelopment Programme (SRP) has swelled to 288, up 16 per cent from 249 on April 1. This was revealed by NTUC deputy secretary-gen-eral Heng Chee
      307 words
    • Article, Illustration
      Lock icon FCC pays $42m for freehold Katong Park Hotel
      407 5  -  It's said to be able to reap $&5m gross profit from apartments to be built there By l Carol Eng FIRST Capital Corp has bought Katong Park Hotel for $42 million and will redevelop the site into freehold apartments. The price for
      FILE PHOTO  -  407 words
    • Article
      Lock icon Residential property dominates $2.3b investment sales: JLL
      248 5 MORE than three-quarters of the $2.3 billion worth of investment sales so far this year have been for residen-tial-related properties, reflecting much improved sentiment for the sector, says property consultancy Jones Lang La Salle. Over half the investment sales have been for properties
      248 words
    • Article
      Lock icon Duchess Park heralds the return of prime area collective sales
      298 5  -  By] David Boey THE first major collective sale in two years was launched yesterday and property watchers expect Duchess Park home owners to reap between $48 million and $50 million. Should the 17 owners land a buyer in this price
      298 words
    • Article, Illustration
      Lock icon Geylang shophouses up for sale next week
      199 5 The 7 nnrestored units are said to be valued at $&5-s7m SEVEN unrestored shophouses in Geylang are being put up for sale by liquidators next Thursday. Sitting on over 10,519 sq ft of freehold land, the properties at the junction of Geylang Road
      SIEW YAW HOONG  -  199 words
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      406 4 One English-language business paper tells you more about corporate Japan than all the local dailies put together. mt--' 1 SSS§ 'jS-'i m-. st -t i#** II I *AN EXQUISITE WATERMAN BALL-POINT PEN r fx hiK I THE JAPAN BUSINESS DATABOOK NIKKEI'S INDUSTRIAL STATISTICS GUIDE ENJOY JAPAN NIKKEI'S ENGLISH-LANGUAGE CITY GUIDE
      406 words
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      152 4 C Castle Group r Business Information Specialists TIItBISINISSTIMES.r >"-»—» OTffiffiSc'SßSffi REFORMASI 1 Indonesia's Election I WimwnfflnwimmmnnW-^ HflliiiiiiilßßiaiaaaaaMliiHfliliiilßMHHMSßHHHH KEYNOTE ADDRESS DR. AMIEN RAIS Chairman of the National Mandate Party Former Chairman of the Muhammadiyah Moslem Organization 'J SPEAKERS: MARK BAIRD Indonesia Country Director, World Bank DEWI FORTUNA ANWAR Special Advisor to
      152 words
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      57 5 VOLVO for life <>'*>v*V. r•'• *f v *rjfc-"' r. 'i- f VOLVOS HAVE ALWAYS FORCED OTHER CARS TO BE SAFER. THIS ONE WILL FORCE THEM TO BE BETTER. -£j WHIPS mnovjtive wh. P l«h P rotMtoo sv„on, NV.v IC. 4J.j0.-wl ,My >««»«.> I.- mP Mt«» jdvjo.vJ Mo-.- t,„bo ~,,.1 2
      57 words
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      5 5 Eyes on collective sales, EMB
      5 words
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  • FOCUS
    • Article, Illustration
      Lock icon Asia's back—with a vengeance
      803 6  - Asia's back —with a vengeance Two years after the crisis first broke, growth is much better, currencies are broadly stable, and stocks could go even higher By'- Larry Wee [SINGAPORE] TWO years to the day that the Thai baht's forced float set off an Asian financial earthquake whose seismic effects
      Source: ABN-Amro. Barclays Capital, IDEAglobal.com,Deutsche Bank JP Morgan,Merrill Lynch,MMS Int'l and SG Securities  -  803 words
    • Article, Illustration
      Lock icon Country by country forecasts
      475 6 GDP FOREX vt INTEREST FOREX STXK FOREIGN DEBT/ GROWTH US$ RATE RESERVES INDEX DEBT RESERVES W*>) (U») ABN-Amro 7.3 8.28 5.85 148 144 97 (1-yr) Barclays 7.0 8.3 5.0 146 150 103 IDEAglobal.com 6.5 8.28 5.0 148 91 237 160 (6-mth) Deutsche Bank 6.0 9.5 1.5
      475 words
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      148 6 Come to^ 4(r for a unique 'Taste of Asia' Oven-baked. Duck Breast with Champagne Lunch Dinner Sauteed Home Style Diced Fish Fillet ivith Crab Roe Thanks to the culinary skills and creativity of Beijing chef, Tian Run Fu and Xin Cuisine's Hong Kong Master Chef, Fok Wing Tin, you'll experience
      148 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Astra leads way in US$1b debt revamp
      656 7  -  No 'haircut'; bankers say deal could set standards for future restructurings By C Catherine Ong, Shoeb Kagda in Jakarta MORE than 210 creditor banks, many based in Singapore, got away without having to take a "haircut" under the largest single corporate debt restructuring
      656 words
    • Article
      Lock icon Danaharta to sell US$142.8m of Sime Labuan's foreign loan assets
      599 7  -  Tender marks asset management body's first loan asset sale From Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S national asset management company Danaharta Nasional Bhd yesterday announced it would be selling U*****.82 million (***** million) worth of foreign loan assets in
      599 words
    • Article, Illustration
      Lock icon Indonesia posts strong 1.8% growth in Q2
      515 7  -  Numbers suggest economy has finally turned corner, say analysts From Shoeb Kagda in Jakarta INDONESIA'S economy posted strong growth of 1.82 per cent in the second quarter over the same period a year ago, indicating that the country may at last be emerging
      AFP  -  515 words
    • Article
      Lock icon M'sian trade surplus widens to RM6.4b
      292 7 KUALA LUMPUR Bloomberg MALAYSIA'S merchandise trade surplus widened in May as exports rose at a faster clip than imports, spurred by rising demand for goods in the US and other Asian economies. Malaysia's trade surplus rose to 6.4 billion Malaysian ringgit (552.9 billion) in
      Bloomberg  -  292 words
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      230 7 i A hundred I i wonderful i i reasons to i i drop by this Sunday SUNDAY, 4 JULY 1999 I TUDOR BALLROOM, GOODWOOD PARK HOTEL VIEWING: 10AM I 1 ,45AM AUCTION: 1 2PM SHARP Intricate Isfahans, pastel Quins, double wefted Bidjars, wildly colourful kilinis and more! With I 100
      230 words
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Lock icon China shrugs off talk of Zhu offering to quit
      316 8 BEIJING Rumours nnnerve HE but China traders nnfazed by the 'old news' Reuters CHINA yesterday dismissed as groundless speculation on Asian financial markets that Premier Zhu Rongji had offered to resign. "Such talk is a groundless rumour," said a spokeswoman at
      Reuters  -  316 words
    • Article
      Lock icon China ads to stop stock market rally
      222 8 SHANGHAI AFP CHINA'S government has moved to halt the stock markets' record-shattering sixweek rally, explicitly ordering key institutions to stop buying, a senior official with a domestic fund-management firm said yesterday. "We have received a notice from the China Securities Regulatory Commission and
      AFP  -  222 words
    • Article
      Lock icon HK, Disney extend theme park talks by four months
      454 8  -  Jane 30 deadline not met; project involves very complex issues, says official Prom* Quak Hiang Whai in Hongkong THE Hongkong government and Walt Disney Company have extended their talks on the building of a Disneyland theme park by four months after
      454 words
    • SINO Briefs
      • Article
        Lock icon No full-blown privatisation: Jiang
        45 8 Reuters (BEIJING) Communist Party chief Jiang Zemin insisted that China is not carrying out "full-blown privatisation" and that state-owned assets are an important economic foundation! ftisoomments were carried in major newspapers yesterday, the 78th anniversary of the feundtag <*Ae-CaMmmist Party. Reuters
        Reuters  -  45 words
      • Article
        Lock icon China to issue new banknotes
        61 8 Reuters [BEIJING] China will issue new banknotes in October, Xinhua news agency said yesterday. The new banknotes in denominations ranging from 100 yuan (Ss2o) to 10 fen, or one-tenth of a yuan—would aim to thwart forgers, Xinhua quoted the State Council, or cabinet, as saying,
        Reuters  -  61 words
      • Article
        Lock icon China's first Securities Law takes effect
        55 8 AFP [SHANGHAI] China's first Securities Law took effect yesterday with the aim of bringing order to the often chaotic markets, but its impact was muted by government plans to enforce its edicts gradually. The law aims to provide the Shanghai and Shenzhen markets with
        AFP  -  55 words
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      367 8 From tight financial reporting deadlines, to tracking and matching of payments when you're constantly faced with urgent demands a -or require vital B information on your cashflow. Ml? 1 ilk*m gjjjHgj mS *1 1r I M^L_..4— .fjj 3P? m jlfl i irM HSSfiEKfr'' 1 -fcy MBBBBMBk I it jih pjlljiißP^;
      367 words
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      71 8 U551,000,000,000 Cause Centrale du Credit Immobilier de France 3CIF Floating Rate Notes due 2004 For the period from June 30, 1999 to September 30, 1999, the Notes will carry an interest rate of 5.3775'* per annum with an interest amount of U*****.43 per US$lO,OOO Note and of U551,374.25 per US$lOO,OOO
      71 words
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  • ASIA
    • Article
      Lock icon S Korea lifts 1999 growth forecast to 5-6% from 2%
      400 9 SEOUL GDP estimated at over 7% in Q2; main factor: rising consumption AFP SOUTH Korea yesterday jacked up its 1999 economic growth forecast to between 5 and 6 per cent, from an original target of 2 per cent, as record
      AFP  -  400 words
    • ASIA Notes
      • Article
        Lock icon Aussie transport minister set for DPM
        99 9 AFP [SYDNEY] Transport Minister John Anderson is set to take over as Australia's new deputy prime minister later this month after his election yesterday as parliamentary leader of the National Party, the junior governing coalition partner. Mr Anderson, 42, replaces Tim Fischer who announced
        AFP  -  99 words
      • Article
        Lock icon Japan to maintain stable yen policy
        73 9 AFP [TOKYO] Japan will maintain the policy of preventing the yen from rising to allow an economic recovery, after a finance ministry reshuffle, officials said yesterday. "Our foreign exchange policy will remain unchanged. I want the dollar-yen rates to be stable," Jiji Press news
        AFP  -  73 words
      • Article
        Lock icon Aussie retail sales steam on in May
        69 9 Bloomberg [SYDNEY] Australian retail sales posted their third best month in May, signaling consumer spending should help keep economic growth running near its 5 per cent pace. Retail sales rose 0.1 per cent to A 512.1 billion (5513.6 billion), seasonally adjusted, from April.
        Bloomberg  -  69 words
      • Article
        Lock icon S Korea to issue US$4b won-bonds
        55 9 AFP [SEOUL] South Korea will issue US$4 billion (Ss6.B billion) worth of won-denominated bonds in the second half to curb the won's rise against the dollar. Also, the central bank said the country's usuabie foreign exchange reserves hit a record US$6O.4 billion, up US$l7
        AFP  -  55 words
    • Article
      Lock icon Sega denies unwanted staff put in 'dungeon'
      230 9 MTOKYO Room is for workers waiting for new placement, not to force them to quit Bloomberg IN the days when lifetime employment was the rule in corporate Japan, unwanted employees were given a desk by the window and a stack of papers to
      Bloomberg  -  230 words
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      57 words
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      2657 9 I LKM I I LUNG KEE METAL HOLDINGS LIMITED I I (Incorporated in Bermuda with limited liability) I I NOTICE OF ANNUAL GENERAL MEETING I I HoMI L^kuas *»».i*** I 1 AS ORDINARY BUSINESS I Il' t^e r^^er^?i n Marc^i e 999 dlted Financial Sta,ements and R®POrts of the Directors
      2,657 words
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  • THE WORLD
    • Article
      Lock icon US industry index in June at highest since 1997
      468 10 WASHINGTON Dow dips as news points to Fed hikes; May construction spending slows Bloomberg Reuters THE rebound in US manufacturing unexpectedly accelerated in June and more factories reported paying higher prices for materials, a National Association of Purchasing Management survey of
      Bloomberg; Reuters  -  468 words
    • Article
      Lock icon UK economy may surpass France's soon: economists
      382 10 LONDON Its growth rate has outpaced European rivals' and jobless numbers are low Reuters BRITAIN'S economy may be set to surpass the French economy in coming years to become the world's fourth largest, economists predict. Britain's economic growth rate has outpaced its main
      Reuters  -  382 words
    • Article, Illustration
      Lock icon Anger at £100,000 offer for Leeson's story
      266 10 LONDON Reuters, AFP A BRITISH tabloid said on Wednesday that it was lodging an official complaint into another newspaper's offer of a £100,000 (SI268.000) payment to rogue trader Nick Leeson for his story on how he broke Barings bank. A spokeswoman for the
      Reuters,; AFP  -  266 words
    • Article
      Lock icon Finland to focus on Kosovo as new head of EU
      330 10  -  SINGAPORE By' Walton Morais FINLAND will push for a "northern dimension" during its six-month presidency of the European Union but Asia will remain in the radar of the bloc, Finnish ambassador to Singapore Jukka Leino told a press conference yesterday.
      330 words
    • Article
      Lock icon Gold stages a mild recovery despite UK sale next week
      593 10  -  Analysts believe it is bottoming out as price hits US$263 From Neil Behrmann in London GOLD staged a rally yesterday despite the rise in US interest rates and an auction by the Bank of England next week. Only a fortnight
      593 words
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      506 10 IYJUa THE WORLD'S LEADING w T ,*T OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS 1975 our worldwide staff of over 27S multi disciplined professionals indudinq lawyers, chartered accountants, chartered secretaries and bankers have provided confidential and cost effective company formation in all the major low tax areas Incorporation Fees from U*****
      506 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Spore may be Y2K-ready, but is the region?
      770 11  -  THE BOTTOM LIXE OPINION By Raju Chellam The author is a BT correspondent WITH less than six months to go before the dreaded millennium bug will supposedly strike computers and electronic equipment, it is time to take stock exactly how ready are
      770 words
    • Article
      Lock icon IN OTHER WORDS
      122 11 'What worries us is that people may no longer have the freedom to comment on anything as they can be sued for millions.' R R Chelvarajah chairman of the Malaysian bar council, on plaintiffs who demand millions of ringgit in damages in media-related lawsuits. The trading floor
      122 words
    • Article
      Lock icon Learning about business
      577 11 EDITORIAL THE most successful entrepreneurs and risktakers may be born, not taught, but as leading business schools will attest, some business skills at least can be taught And Singapore is out to build a broad base of business and management skills for tomorrow. As Singapore developed as
      577 words
    • Article, Illustration
      Lock icon Businesses must learn to protect knowledge assets
      997 11  -  What employees and companies know is more important than traditional sources of economic power By Zaid Hamzah The author is a lawyer and a founder of a legal software house and knowledge management firm, eKnowledge.com SO, the International Data Corporation's 1999 Information Society
      FILK PHOTO  -  997 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      1052 11 -26 bps jut not eooagh IF policy-makers are serious about slowing US economic growth from 4 per cent to 3 per cent, 25 basis points ain't gonna cut it. Forget the spontaneous slowdown nonsense. Economies don't slow on their own, especially when they have ample gas
      1,052 words
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  • SPORTS
    • Article, Illustration
      Lock icon The end of a love affair
      863 12  -  Becker will be sorely missed by fans at Wimbledon, says Howard JOHNETTE HOWARD LAT-WP WHEN Boris Becker returned to Church Road one more time 10 days ago, rackets in hand, the sentimentalists rejoiced because he was back at Wimbledon, back where he belongs. But
      LAT-WP; REUTERS  -  863 words
    • Article, Illustration
      Lock icon Davenport sails through, Williams unnerves Graf
      348 12 AFP [LONDON] Jana Novotna's Wimbledon reign ended yesterday when she crashed to a straight sets defeat in the quarter finals to American third seed Lindsay Davenport. Davenport's compatriot Venus Williams had, meanwhile, clawed back to one-set all against favourite Steffi Graf when rain interrupted
      AFP  -  348 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon S&P credit downgrade unwarranted, says OUB
      492 13  -  Bank says provisions for NPLs are more than adequate Ryi Conrad Raj [SINGAPORE] Overseas Union Bank has taken umbrage at the downgrading of its credit by ratings agency Standard Poors, saying the rating, although only a notch down from "Api" to "BBBpi', was "unwarranted".
      492 words
    • Article, Illustration
      Lock icon RMG placing out 27m shares; 35% for public
      435 13  -  Shares priced at $1.03 each; $27-3 m funds raised will help shrink gearing By David Boey [SINGAPORE] With stock market activity still at fever pitch, Raffles Medical Group (RMG) has launched a placement of 27 million shares at $1.03 apiece, of which
      FILE PHOTO  -  435 words
    • Article
      Lock icon AFP places out 423m Golden Agri shares
      270 13  -  By Ven Sreenivasan [SINGAPORE] Asia Food Properties (AFP) yesterday said it had appointed ING Barings and Merrill Lynch Singapore to place out 423.2 million Golden Agri-Re-sources shares to institutional investors in the US and elsewhere. The shares, with par value of 10 US
      270 words
    • Article
      Lock icon AFP's run-up underpinned by Golden fundamentals
      879 13  -  HOCK LOCK SIEW Ven Sreenivasan THERE has been a lot of talk lately about how shares on the local bourse have run ahead of fundamentals. One of the stocks which have gone ballistic in recent weeks is the Indone- sian-controlled Asia Food Properties (AFP).
      879 words
    • Article, Illustration
      Lock icon SIA names ANZ chief as first non-local on board
      341 13  -  Appointment of Aussie in line with call for foreign talent By\ Conrad Raj [SINGAPORE] Singapore Airlines has appointed the first non-Singaporean to its board since its formation in 1972, apparently in line with parent Tamasek Holdings' call for broader board representation.
      341 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article
        Lock icon MAS sets out guidelines for money market funds
        443 14  -  Roles govern types of securities allowed, investment limits, marketing of funds By Wong Wei Kong [SINGAPORE] The Monetary Authority of Singapore (MAS) yesterday issued regulatory guidelines for money market funds, which are unit trusts investing in high quality, liquid and short-dated money
        443 words
      • Article, Illustration
        Lock icon FJ Benjamin expects firm pick-up in Guess watch sales
        502 14  -  Sales up 35% in first half even before launch of new line By] Rahita Elias [SINGAPORE] Branded goods retailer FJ Benjamin expects to see strong recovery in sales of its Guess watches this year with the turnaround in the retail market.
        502 words
      • Article
        Lock icon Nera scores 78% gain on debut to $1.74
        354 14  -  ffy' Teh Hooi Ling [SINGAPORE] Buoyed by strong market sentiment. Nera Telecommunications yesterday made a respectable debut, with a 78 per cent rise to $1.74 from its initial public offer price of 98 cents. The high-end contract manufacturer that also provides telecommunications
        354 words
      • COMPANY Briefs
        • Article
          Lock icon Hersing buys rest of HK subsidiary
          53 14 [SINGAPORE] Hersing Corp, the holding company of property consultancy ERA, has acquired the remaining 49 per cent ofHerslng's Hongkong subsidiary that it does not own. ERA Realty Ltd's minority shareholders have agreed to sell their 49 per cent holdings to Hersing for HKii.s million
          53 words
        • Article
          Lock icon AFP director resigns
          27 14 [SINGAPORE] Asia Pood Properties' director and chairman of its audit committee, Ho Tian Yee, has resigned. He will be replaced by Lew Byn Pan.
          27 words
        • Article
          Lock icon Deutsche issues another 35m DBS wrts
          85 14 [SINGAPORE] Deutsche Bank, which issued a private placement of 66 million two-year covered call warrants on DBS Bank Local shares, yesterday said it had issued and placed a further 36 million warrants on June 29. The issue price of each warrant was 78.49 cents,
          85 words
        • Article
          Lock icon GRP repays most bank loans
          22 14 [SINGAPORE] GRP Ltd has repaid all its bank loam, except for DBS Bank's, with loans from directors.
          22 words
        • Article
          Lock icon SIA's Cheong named OCBC director
          37 14 [SINGAPORE] Singapore A irlines chief executive Cheong Choong Kong was yesterday named a director of Oversea-Chinese Banking Corp. Dr Cheong was also named as the new chairman for airline reservations system Abacus.
          37 words
        • Article
          Lock icon Sin Soon Huat Hldgs cuts stake in unit
          46 14 [SINGAPORE] Sin Soon Huat Holdings yesterday sold 45 million shares, or a 14.® per cent stake, of Sin Soon Huat at 60 cents a share. This brings its shareholding down to 3035 per cent from 45.28 per cent
          46 words
        • Article
          Lock icon Meiban Plastic shareholder sells shares
          36 14 [SINGAPORE] Meiban Plastic said Goh Thiang Chewe had sold 2J5 million shares, or a 2.89 per cent stake, at 80 cents a share. This brings his stake to 4.88 per cent
          36 words
        • Article
          Lock icon PSA president on Keppel board
          22 14 [SINGAPORE] Keppel Corp has appointed PSA Car group president Khoo Teng Chye to its board of directors.
          22 words
      • Article
        Lock icon IPC seeks second suitor, from US
        355 14 Reuters [SINGAPORE] Debt-bur-dened computer maker IPC Corp, yet to conclude a stake sale to Germany's Infomatec AG, is on the lookout for an additional suitor this time preferably American. "We continue to discuss this with potential partners in various countries, primarily in the US.
        Reuters  -  355 words
      • Article
        Lock icon ASA jumps 47% after analysts' briefing
        268 14  -  By, Jennifer Lien [SINGAPORE] Chip equipment maker Advanced Systems Automation jumped 47 per cent yesterday following an briefing for analysts, despite having posted a larger-than-expected loss last week. ASA started quietly, opening at $1.48 and rising steadily to around $2 before the noon close.
        268 words
    • COMPANIES
      • Article
        Lock icon Microsoft says SEC probing accounting practices
        327 15 Inquiry launched after press report on alleged 'cookie jar' accounting Reuters [SEATTLE] Federal authorities are investigating Microsoft Corp's practice of setting aside some of its software revenues and recognising them later, chief financial officer Greg Maffei said on Wednesday. Mr Maffei said in a
        Reuters  -  327 words
      • Article
        Lock icon Thakral plans several private share placements
        390 15  -  Under current rules, it can issue about 58m shares this year By Conrad Raj [SINGAPORE] Thakral Corp, whose massive losses in the last financial year mainly as a result of being wrongfooted in its hedging operations have wiped out 60 per cent of its
        390 words
      • Article
        Lock icon Ayamas share row resolved, says KFC
        332 15  -  From Ruth Wong in Kuala Lumpur FAST-FOOD operator KFC Holdings yesterday said it had "resolved" a dispute over 3.8 million Ayamas Food Corporation shares but gave no details. The company told the stock exchange that its board had confirmed that KFC was the beneficial
        332 words
      • Article, Illustration
        Lock icon Shangri-La Hotels looks to expand outside Asia-Pac
        352 15  -  It plans to manage hotels in the Middle East, US and Europe By i Carol Eng [SINGAPORE] The Kuok group's hotel management arm, Shangri-La Hotels and Resorts (SHR), is finally looking to expand in other parts of the world after focusing solely on
        FILE PHOTO  -  352 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon UK watchdog to regulate Lloyd's
        256 16 Move will end market's 311 years of self-regulation Reuters [LONDON! Britain's finance watchdog is to take charge of regulating the hitherto selfregulated Lloyd's of London insurance market next year. The Financial Services Authority created 18 months ago to bring together regulation of Britain's banks and
        Reuters  -  256 words
      • Article
        Lock icon BCI says yes to 9.8b euro bid by Banca Intesa
        519 16 Merged bank will be Italy's biggest by assets; stock offer values BCI at 14.6b euros Bloomberg [MILAN] Banca Commerciale Italiana SpA (BCI) accepted a buyout offer worth about 9.8 billion euros (5517.2 billion) in stock from Banca Intesa SpA on
        Bloomberg  -  519 words
      • Article
        Lock icon BNP ups SocGen, Paribas bids after talks fail
        274 16 Bloomberg [PARIS] Banque Nationale de Paris SA yesterday raised its takeover bids for Societe Generate SA and Paribas SA to a combined U5539.2 billion (5566.6 billion) a day after talks brokered by the Bank of France to resolve the fivemonth takeover battle
        Bloomberg  -  274 words
      • Article, Illustration
        Lock icon Coffee under pressure
        57 16 [DILI, East Timor] An East Timorese woman on Tuesday sorting coffee beans at a processing plant in Dili. East Timor produced about US$2O million (Ss34 million) worth of coffee for the organic and specialist markets last year but has been wracked by political violence in the run-up
        REUTERS  -  57 words
      • Article
        Lock icon Seoul, Newbridge near deal on Korea First Bank sale
        305 16 Bat talks to sell Seoulbank to HSBC not going well AFP [SEOUL] South Korea and US investment consortium Newbridge Capital Ltd are on the verge of concluding much-de-layed talks on the sale of Korea First Bank, news reports said yesterday. Yonhap
        AFP  -  305 words
      • Article
        Lock icon Trading in futures well-bid and active
        155 17  -  SIMRX Reports MSCI Singapore Index Christopher Podbury, Jardine Fleming THE Singapore market traded higher following the announcement of a widely-expected quarter percentage point increase in the federal fund rate. The adoption of a neutral monetary stance by the US Fed further spurred the market,
        155 words
      • Article
        Lock icon Copper rises on sign of end to supply glut
        215 17 Bloomberg [LONDON] Copper rose as much as 2 per cent to its highest price in almost ten months after Phelps Dodge Corp said on Wednesday it will cut output, shrinking a surplus that a month ago drove prices to a 12-year
        Bloomberg  -  215 words
      • Article
        Lock icon Oil prices steady at 19-month high as Opec seen complying with cuts
        336 17 ENERGY REPORT Bloomberg [NEW YORK] Crude oil was little changed at a 19-month high amid expectations that the Organisation of Petroleum Exporting Countries is succeeding in efforts to eliminate a global surplus. Opec in June probably moved closer
        Bloomberg  -  336 words
      • Article
        Lock icon CURRENCY REPORT
        345 17 Reuters London THE US dollar surged to eight-year highs against the Swiss franc and record highs against the euro in Europe yesterday, before talk of intervention in euro/yen took the wind out of the US currency's sails. Analysts and dealers said it was hard to pinpoint one reason
        Reuters  -  345 words
      • Article, Illustration
        Lock icon Untitled
        1295 17 DfTERBAMK CROSS RATES ""XI'/ AS C$ Euro Ffr Dm HK$ Ind to Buplah Ytn Won Mi M2$ P«h R» Pwo S$ Band Sir HT$ 8*t Hmi US$ Australia 0.981 6.178 0.647 4.246 1.266 5.199 29.*****.932 0.009 7.801 2.546 1.250 34.662 25.464 1137 4.022 1038 21.649 24 634 0 424 0i670
        1,295 words
      • Article
        Lock icon Untitled
        1776 17 SICOM FUTURES ,fui_ RUBBER (futures closing ts it 5.30pm) RSS1 CONTRACTUS cents/kg) Close Volume Open Month Hkjh Low Sett (tonnes) Interest Aog 99 102.00 300 S«p 99 103.50 900 Oct 99 105.25 350 Hoy 99 106.75 350 Dec 99 108.50 350 Jan/Mar 00 m.50 600 RSS 3 CONTRACT (US cento/kg)
        1,776 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2295 18 LONDON Industrials J«41 P<mm 31 Group 7.32 0.10 Abbey National 12.16 0.25 A B Foods 4.22 0.03 A B Ports .2.87 0.03 Alliance 6 Leicester 8.73 0.17 Allied Domecq 6.20 0.08 Allied Zurich 8.05 0.07 Anglo American Gold 43.70 unch ASDA Group 2.17 unch Bank of Scotland
      2,295 words
    • Article
      Lock icon TOKYO
      1670 18 AFP n Nikkei 225 +33L01 SHARE prices in Tokyo rallied 1.9 per cent yesterday on expectations the US Federal Reserve's modest interest rate hike and policy shift would benefit the US economy and financial markets, brokers said. The key Nikkei average of 225 selected issues on the Tokyo Stock
      AFP  -  1,670 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Lock icon Untitled
        8302 19 INDUSTRIALS Consumer products 1999 La»« vol Day Net Cap Ht 9»»Lew Company Sale OOP High Low P/E $mM 440 255 Ajinomoto 410 50 15 440 370 26.0 166.2 137 46 Angkasa 125 7 799 128 121 184.3 344 220 Apollo Food Hlg 322 4 411 332 320 11.2 128 8
        8,302 words
      • Article, Illustration
        Lock icon Strong blue chip buying propels prices 3% up
        435 19 AFP n Composite Index +2421 MALAYSIAN share prices surged 3 per cent yesterday spurred by higher regional markets and the US Federal Reserve's neutral bias on monetary policy, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 24.21 points to finish
        AFP  -  435 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Lock icon Compact's 2002 holds great promise
        162 20  -  WARRANT WATCH -Ry R Sivanithy SUB-50-cent warrants, especially if they are long-dated, are fast-becoming a rare commodity in this frenzied market. However, one that just about qualifies is the Compact Metal warrant, which closed at 49.5 cents yesterday. Its numbers are not that different from
        162 words
      • Article
        Lock icon Untitled
        2157 20 BONOS. LOANS WARRANTS 52-*k Last Vol Day Last Ouot■ a va High Low Stno Company Sato ♦of COOP) High Law Buyor Seller PtiH f«-5 3 s 3160 "Acer******1 USS 925 2424 945 85 915 925 80 4.5 $3164 Acma W*****4 76.5 2069 78.5 74.5 76 76.5 76 59 16 s
        2,157 words
      • Article
        Lock icon CLOB INTERNATIONAL
        198 20 HONGKONG STOCKS TV*X*i ..J"!,,,, v- «>•* LastOu** Otv Mv ym N«( m Cap Wfh I— Stao Ctmpany Sjf COOP) L— 8wyr Mht c*w p/x imt 365 173 5123 CDL<2000)MK 330 *15 10 330 330 315 325 8 3.7 2.4 11.2 6389 4 5124 Catfwy P«e 20c HK_720 265
        198 words
      • Article
        Lock icon MANILA
        319 20 AFP +5&34 SHARE prices rose yesterday due to the upturn on Wall Street after the US Fed switched its monetary policy to neutral, analysts said. The Philippine Stock Exchange Composite Index rose 56.34 points to close at 2,543.30 points. Turnover rose to 5.6 billion shares worth 4.2 million pesos
        AFP  -  319 words
      • Article, Illustration
        Lock icon JAKARTA
        699 20 AFP rl Composite Index +ILOI INDONESIAN share prices closed mixed yesterday but the index was 1.7 per cent higher as shares recovered from sharp falls sustained the previous day, dealers said. They that this week's lower SBI (Bank Indonesia certificate) rates and the US Federal Reserve's Open Market Committee
        AFP  -  699 words
      • Article
        Lock icon SEOUL
        408 20 AFP n Composite Index +36J8 SOUTH Korean share prices jumped 4.2 per cent to close at a three-year high yesterday after the US Fed raised interest rates modestly and shifted to a neutral stance on monetary policy, dealers said. Samsung Group's move to scrap plans to transfer its au-to-making
        AFP  -  408 words
      • Article
        Lock icon SYDNEY
        653 20 AFP rIAD Ordinaries *312 AUSTRALIAN shares closed up 1.1 per cent yesterday on strong gains in the banking and resource sector, brokers said. The Australian Stock Exchange's benchmark All Ordinaries Index finished trade up 33.2 points at 3,002.1. The All Industrials Index surged 37.8 points to 5,225.9, while the
        AFP  -  653 words
      • Article
        Lock icon WELLINGTON
        291 20 AFP n Wellington jjj THE New Zealand share market sat out a regional rally yesterday despite a surprisingly positive outlook for equities emerging from the US Fed's rate-setting meeting. The NZSE-40 Capital Index closed down 9.30 points at 2,127.10. Overall trade was worth NZ5151.02 million, with Telecom accounting for
        AFP  -  291 words
    • Article
      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6042 21 TraiisacTion (Lite Jul I a: A iX'tz, %_js *S is ,is J?. WUI Hill 4 J "S»iB2te=:i?" SSI 'S ",U '!i, "4 10 s iS :«jssss».-s» *"s s s SH is m b 1053 H#w r Cor P 293 ♦a 141 295 290 293
      6,042 words
    • Article
      Lock icon SESDAQ
      1150 21 M^ 52 "l«. stNo Ctnw. *ZZ W L*« OwH. 0* Mv YW Not Cop a*q u s,p,# comp "< < OOP) M*h L— Buyer Soflor Cw P/C Smll Prtc« MANUFACTURING 218 30 c 2049 AS Auto 10c 206 ***** 218 146 206 2M mm n c 3 Vu» s™
      1,150 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      47 13 B V LGA R I The Scuba and Scuba Chrono watch. 3^HF y- mm m Mml^ Available in Singapore at Bvlgari, Hilton Hotel 737 1652 Takashimaya Department Store 735 6689 and: Dickson Watch A Jewellery, The Promenade 732 8900 Centrepoint 734 5822 Suntec City Mall 336 4871
      47 words
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      Lock icon Page 14 Advertisements Column 1
      99 14 Internet Share Trading Earn 250% mileage points in our special promotion* com for another 3 months to 31 August 1999. Earn mileage points when you click www.eq.com.sg in our eq.com rewards programme. 'Promotional offer: Every Ssloo commission entitles you to 250 mileage points. with 250 points earn Ss2s vouchers for
      99 words
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      Lock icon Page 14 Advertisements Column 2
      151 14 GIVE WF3k YOUR FAMILY si y MORE THAN *.Wi GREAT MEMORIES A Leaving your assets to your loved ones should be a simple and uncomplicated thing. V. But without careful planning, good intentions may not be enough. At 1 he Breakthrough Group, we help you protect and preserve your wealth,
      151 words
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      36 15 ;TW!t *Ji W/T jMMMWWnvjflfn '^■■^■L Personal Finance Unit Trusts Property •Stocks Epicure •Style V W •Motoring •Travel j ,|f Every Friday J m THE BUSINESS TIMES. /^Vz?yf//? I//9 I must-read L/(J J for your long weekend.
      36 words
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  • Page 16 Advertisements
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      1159 16 r THE BANK OF NEW YORK COMPANY, INC. Head Office: One Wall Street, New York, NY *****, U.S.A Singapore Branch: One Teinasek Avenue, #02-01 Millenia Tower, Singapore *****2. Consolidated Balance Sheets Consolidated Statements of Income OOUAHS IN MILLIONS. EXCEPT PER SHARE AMOUNTS DECEMBER 31. 1896 1997 OCULARS IN MILLIONS. EXCEPT
      1,159 words
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      Lock icon Page 16 Advertisements Column 2
      63 16 Buy It. Sell It. Find It. Classified. I CAT A 1800-737-1166 Call Today For Results Tomorrow. oXelu§iv?£ Business package to 4Wtt 4/1? f r H E NEW AIRLINE OF REGION (f With Free 2 Nights 1) rcJviiiS) 5 H te| f Accommodation (Airport transfer by Business CIaSJ can be arranged)
      63 words
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  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      67 18 The stock markets in Taiwan, Hongkong and TTiailand were closed for a holiday yesterday 4 I'd like to place aiA /wow! /nove this caiX V advertisement to J M A bu y er that I found \sell my W£*§ thever y through I 1 next day The Straits Times I
      67 words
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  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      492 20 SAFT NIFE POWER SYSTEMS PTE LTD NOTICE OP SPECIAL RF-SOUmONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO SECTION 179(6) OP THE COMPANIES ACT (CAP 50) XT 10 HOE CHIANG ROAD 18-00 KEPPGL TOWERS SINGAPORE *****5 ON THE
      492 words
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      Lock icon Page 20 Advertisements Column 2
      279 20 SUNNY COLLECTION PTE LTD NOTICE OF SPECIAL BMUfIMM NOTICE IS HEREBY GIVEN HUT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DULY CONVENED AND HELD AT I2TH FLOOR, HUNG TAJ CENTURY TOWER, 156 KIN SHENG E. ROAD SEC 3, TAIPEI, TAIWAN ON THE JOTH DAY OF JUNE 1999 AT lOAM.
      279 words
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      Lock icon Page 20 Advertisements Column 3
      14 20 Buy It. Sell It. Find It. Classified. CATS. 1800-737-1166 Call Today For Results Tomorrow.
      14 words
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      61 21 Rrgionaf A«^|pßnp^^H^^^^^^^^H )i MARS pIG UE T (SINGAPORF P RIV ATI Ram Ci #o| J6 T f *****85 Li"** Plaza #01-32 Td: 734)668 MHlcnia Walk 9 Rafflrs '01-63/64 Tel: *****28 Paragon #01-13 Tel: *****84 3 3 9 ft 0 MALAYSIA: Le Watch Sdn Bhd G32 K L Plaza 179 Jalan
      61 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article
      Lock icon Untitled
      406 22 Utmm Sin Soon H 10c 113.284,000 Asia FoodSProp 80,299,000 SM Summit 10c 65,772,000 Hotung Inv NT5 59,926.000 •Genting Int 41,589.000 Aztech 5c 38,514,000 Eagle Brand HWgs HK75c 34,312,000 Datapulse 5c 33,201,000 IPC Corpn 5c 29,438,000 AS Auto 10c 28,013,000 Stocks Asia FoodSProp 81,700,210 Sin Soon H 10c 71,326,345 SM Summit
      406 words
    • Article, Illustration
      Lock icon Easing of US rate concerns sends STI to record 2,214
      606 22  -  STOCK MARKET COMMENTARY Fed's shift to neutral stance on monetary policy spurs broad-based buying on heavy volume By i R Sivanithy WITH US interest rate worries now confirmed as being overdone, punters and funds scrambled for local stocks with fresh
      606 words
    • ON THE GRAPEVINE
      • Article
        Lock icon Lion said to have RM10b debt
        65 22 WORD has it that one of Malaysia's largest Industrial groups, Lion Group, Is faced with debts to the tune of some 10 billion Malaysian ringgit (514.5 billion) and is currently undergoing a restructuring exercise. The restructuring could lead to the emergence of a new
        65 words
      • Article
        Lock icon 2-3m Net traders and still growing
        95 22 HOW many people trade shares on the Internet? According to a recent article in Forbes Global, the top Ave Internet share brokers have some 5.7 million accounts. Alter taking into consideration multiple accounts, this would suggest about 2 million to 3 million now trade
        95 words
      • Article
        Lock icon Note Lotus' super ad campaign
        39 22 P Ingapo yone who turood on the television could hardly help seeing it. Talk is that the Singapore campaign alone costs at least $200,000. Now, let's see how much Microsoft is spending in Singapore...
        39 words
      • Article
        Lock icon Stopping a rally, Beijing-style
        75 22 CHINA yesterday tried to stop a 6-week stock market rally by ordering institutions to stop buying shares. This direct intervention looks like a variation of what Hongkong did last year when its government bought up a huge amount of shares to support sagging prices. Well, China
        75 words
      • Article
        Lock icon That Dragon Land purchase
        97 22 ITS a small world. On Wednesday Dragon Land said It paid Us million for a 7-storey freehold building in Tannery Lane. The vendor was Right Development Pte Ltd, which la 80 per cent owned by a Soh Kim Yong, a Singaporean who livee in Tanglin Hill
        97 words
    • Article, Illustration
      Lock icon HOT STOCK
      65 22  -  -By Wong Wei Kong SM Summit shares rose 8 cents to close at $0.93 yesterday with 65.8 million shares traded, compared with its 10-day traded average of 20.7 million units. The RSI, Stochastics and MACD charts suggest that the stock's sharp spike has exhausted much of its upside
      65 words
  • Page 22 Advertisements
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      917 22 NOTICES T To anvertisp rail tnll-frpp iflnfl-7ii 1 rri Pqv Kin i/\-\ 1000 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 PURSUANT TO SECTION 290(2)(b) and IN THE MATTER OF QUINLAN ADVERTISING AND DESIGN PTE LTD (In Members' Voluntary Vending Up) At an Extraordinary General Meeting of the above
      917 words
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      Lock icon Page 22 Advertisements Column 2
      981 22 Going to trade online? You need DBS investor Online. Simply the best research. Call 323-3955 today >3(1 MSSBANK ASPHALT CARRIERS PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap. 50 that the Final Meeting of Members of the abovenamed Company will
      981 words
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      Lock icon Page 22 Advertisements Column 3
      446 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 90 SIN-MUTUAL CO. PTE LTD (In Vofemtofy Liquidation) At aa Extraordinary General Meetiag trf the above Cornpaay duly coa veaed aad held at 190 Middle Road #14-02, Fortuae Ceatre, Singapore *****9 oa Priday 2ad July 1999 at llun., the followiag special resolutioa
      446 words
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      Lock icon Page 22 Advertisements Column 4
      507 22 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF DAI HUA DEVELOPMENT PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 9F-4, No 391 Hsin Yi Road, Sec.
      507 words
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      Lock icon Page 22 Advertisements Column 5
      788 22 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TLB TREASURY PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 20 Raffle* Place #12-01, Ocean Towers, Singapore *****0
      788 words
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  • EXECUTIVE Lifestyle
    • PERSPECTIVE
      • Article
        Lock icon Sweat it out — that's the way to look really cool
        740 24  - Sweat it out that's the way to look really cool Off the Cliff by What's fashionable need not be practical or even pleasurable, but in hot and humid Singapore, the increasing popularity of alfresco meals truly defies logic by Jaime Ee I GREW UP in an era where only rich
        740 words
      • STRAWS In The Wind,
        • Article
          Lock icon Forbidden fruit
          100 24 AT A hotel buffet last week, one diner was spotted at the fruit section, determinedly trying to pry a slice of honeydew melon off the whole fruit which had been decoratively cut into wedges but not sliced through. After failing to pry a wedge off with her fingers,
          100 words
        • Article
          Lock icon Short cut to health
          37 24 ARE WE a nation of acronym lovers? Check out this seminar, one of the highlights of this year's National Healthy Lifestyle Campaign. Called ACTIVE, it stands for All Companies Together In Various Exercises.
          37 words
        • Article
          Lock icon Not exactly hot stuff
          46 24 SEEN AT a department store was an obscure branded thermos flask which claimed the following attributes: "Looks good", "Keeps Food Cold/Warm" and "The Constructure (sic) is Reasonable". How's that for a modest manufacturer? The flask didn't seem to be selling well, though.
          46 words
      • Article, Illustration
        Lock icon Facing a different future
        2102 24 COVER STORY IN THE year 2015, when the baby boomers in our midst are pushing 60 and beyond, don't expect to live with the kids or collect your "pin money" from them. By the same token, they won't expect you to mind the grandchildren; not all
        SIEW YAW HOONG  -  2,102 words
    • MOTORING
      • Article, Illustration
        Lock icon Close contest with no clear winner
        921 25  -  Mitsubishi Diamante or Proton Perdana? It's going to be tough trying to choose between this pair of carriages, says Christopher tax CHRISTOPHER TAN WHICH to buy: a handsomely-built three-litre with green engine technology or a top-value two-litre with Lotus-tuned suspension? The decisions the modern
        CHRIS LOH  -  921 words
    • PURSUITS
      • Article, Illustration
        Lock icon WHAT'S ON
        443 26  -  Compiled by Yasotha M THEATRE Fenshen A site-specific play by Toy Factory Theatre Ensemble. The play tells the true account of how people in a remote village of China come to terms with Communism and their fight against repression. July 7 to 11, Bpm, Fort Gate, Fort Canning
        443 words
      • Article, Illustration
        Lock icon The disease with no symptoms
        922 26  -  HEALTH Osteoporosis strikes silently. Many women find out they have it only after they sustain a fracture. But the disease is preventable By' Tan Su Ten WOMEN generally outlive men, with a life expectancy of 78 years against 74 years for men. Like men, they
        922 words
    • EPICURE
      • Article, Illustration
        Lock icon Hit by a fusillade of flavours
        956 28  -  The revamped Tango's now offers a bold fusion menu that's all about making a strong impression, says jaxmeee JAIME EE Tango the restaurant has added an 's to its name and a whole new sensibility to its outlook. Gone are the screaming primary colours
        SIEW YAW HOONG  -  956 words
      • Article, Illustration
        Lock icon Plenty of practice for the champ
        841 28  -  PROMOTION Catch Singapore's top oyster stacker at work at the Sheraton Towers' Anrnmßar By 1 Tan Su Yen WHAT does a five-star hotel do when it finds an oystershucking champion on its staff? Well, if you are Sheraton Towers Singapore, you marry the twin
        ARTHUR LEE  -  841 words
      • Article, Illustration
        Lock icon As American as apple pie as Cafe Georges
        143 28 CRAVINGS IF YOU D like to join in the American Independence Day celebrations on July 4, or even before that, check out the US Food Promotion at Cafe Georges in Le Meridien Singapore. And yes, the $35 buffet features American staples like
        143 words
      • Article, Illustration
        Lock icon Breakfast at Tiffany's
        114 28 IT PROMISES to have a Hepburn-esque elegance Tiffany Co's breakfast party to which some lucky clients and business associates have been invited this morning. Breakfast at Tiffany's this time round is in celebration of American Independence Day. And for some American flavour, the spread, catered by Raffles
        114 words
      • Article, Illustration
        Lock icon Let the good times roll
        349 28  -  Compiled by Tan Su Yen WHEN is a bird's nest tart not a bird's nest tart? When a customer writes a letter to Case claiming the bird's nest in the tart is actually agar-agar. Fortunately for Robert Chan, the managing director of Top of the
        349 words
      • Article
        Lock icon How to survive the greatest show on earth
        843 28  -  WINE CONNOISSEUR By. N K Yong BORDEAUX'S biennial wine and spirits exhibition, Vinexpo, is arguably the greatest wine show on earth (the Italians with their annual Vinitaly in Verona will dispute that). It is also a major test of endurance of your
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    • LEISURE
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        Lock icon Chronicle of Asian corporate cronyism
        1144 29 BOOKS Asian Eclipse, Exposing The Dark Side Of Business In Asia By Michael John Wiley A Sons 412 pages, $38.06 Renewed by Vikram Wiawwa SINCE the Asian crisis broke out two years ago, there has been much talk about so-called crony capitalism in Asia and
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        Lock icon When Singapore boy meets Hongkong girl
        551 29  -  m CINEMA The Truth About Jane And Sam is that it's a simple story engagingly told By\ Susan Tsang RAINTREE Pictures, TCS's filmmaking arm, seems to be shaping up nicely. Its debut feature, Liang Po Po, was a top-grosser, and its second feature. The
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        Lock icon A curiously waterlogged romance
        610 29  -  CINEMA Forces Of Natnre never quite takes off, even though everyone in it tries to break into spontaneous flight By) Parvathi Nayar IT SOUNDS like one of those irresistible comedies that will sweep you along like a tornado or hurricane, but in fact turns out be
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      174 24 CRYPTIC CROSSWORD (9) DOWN of attack < 4 5 > YESTERDAY'S SOLUTION 9 Par-»io111? k 16 thread loosely, making |p|i.ltltleldWal«i«lvlblil«lml 2 Partially exploit error, but critical linp m\ P^TmEmMAlsisiYimilATNl hold back (6) o c lcal lme (9) f M II MM! ■11 3ls it not enough for one who is
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      91 25 -i-'i r'r *i'V »iv »<,« j i Ji JU/ 1i Jl SIEMENS W3v to manaqe every electrics! function in our horn Wi'MB instabus. The future of home automation is here today. Control your electrical appliances, lighting and security better than ever before. Do it from just about anywhere. Only Siemens'
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      52 25 I LION CITY HOTEL I THE SENSIBLE HOTEL Comfort Convenience Affordable I P®U PROMOTION I OtCUpOACy) Knit* cfaplfnt tat id.* GST. 1 Std Superior Room Mfayratt Dot Me rate 12p»-7pa M#lmnli7p»3«i 3mmwal*MS** ISmmsdrmfoChanfUtpvt lOmnsdrm to 00, WMi <J*4 sm* Cmkmm kdtm 744 emIBJP 15, Tonjoog Korong Rood, Singapore *****0 (ompb
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      117 26 Where to wine, dine and entertain..." <>> iPPI^ 76 Bra* Buah Road, Singapore *****8 Tel: 338-8333 Fax: 339-6866 Wek-«ite http://www.carlton.cofii.sg Cheers! I To a night of Wf 1 great fun and J entertainment Wfe J at Cangtry's H Happy Hours ■B| j 5.00pm B.oopm Daily ®f M (with complimentary sruicksJ
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      146 26 p»MIB available for: private parties company dinner and dance conference seminar and meeting. HOTEL GRAND CENTRAL UMITED 22 Orchard Road/Cavenagh Road, Singapore *****7 Tel: 737 9944 Fax: 733 3175 Eat All You Can comes to Captain's Table in July Just to whet your appetite a little, here's what on offer:
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      153 26 LntH Ptmuuak Hetti Moa to Than Spm-lam Public Holiday; spm-2am Sun: Closed •HAffYhours* Singer's Hub froM S OOnn 9 OOom dariv 20% off on ol drinks The Coleman's KTV Lounge is Incipi promotional brmtfn) a cosy niche of endless fun and (TV ROOM SPKIAL entertainment. With a wide MCXMfS* selection
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      115 26 An endless lunch and dinner a la carte buffet with 88 outstanding Cantonese dishes, prepared by Hong Kong chefs. Complimentary bowl of Mini-Buddha Jumps Orer the Wall plus a plate of Deep-fried Soft Shell Crab will be served to diners. Lunch: £28.80 (Adult) £16.00 (Child) Dinner. £30.80 (Adult) £15.40 (Child)
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      134 26 A TASTE OFj ASIA 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 UM Enquiries: 831 6291 I J ryi MIIITUS 333 Orchard Road. Smraon- *****7 TVirrr w 737*411 fm: *****61 Q-Cg *VH> CrOSSrOaJ.S
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      2917 27 TODAY'S TV rrarnura RECOMMENDED VIEWING Premiere 12 Busings Tonight American Cuisine. An American chef works illegally in a J-J® PM TV Innovations. „tJJ Taking Point. French restaurant and falls for his boss's daughter. Watch out The trouble Si™ gSfet Dragon Adven- IL3» HomL wS?style. f£fteir saucy relationship. R(A>. Raymond, 7.05pm,
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      42 30 "S I CZD izn I=l r 1 D a n T T s /;Home. 0 twmcuw Since 1950 tJ Hotline: *****68 SINGAPURA BUILDING SOCIETY LTD Ang Mo Kio 458-4222 Beach Road 292-1459 Bedok 445-8011 Bukit Timah 467-1916 East Coast 348-8262 Serangoon 299-8855
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      89 30 FOR SALE PRIME FREEHOLD —I INDUSTRIAL LAND rwar AiJUNKD MBT, SMS LANE V .>*l Ideal foe Corporate HQ* ft A r"* 1 CT showroom# Land: approx 12,020 sqft f 3*T"l JfsT Written permission granted tor p" 0 erection of 8-storey light and \SUiJBCT I clean industrial flatted factory I U->n\pROPIEtTY
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      294 31 "My f alter died of cancer wi In oil I any insurance." Rlx Chan. lop age at t99€~1998. Great Eatlera Life Tkal was 20 years ago. And ikal ckanged my life. I lold myself ikal I wanted lo do (kings differently. I wen! lo NUS and got a degree in
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      212 31 brought to you by nw) Great Eastern Life completed coupon and you stand to Poll win this Mont Bbnc- Leonard Bernstein Fountain Pen (Model fount* 1 1 B *****) worth $725! It's that easy! ULlUflh Please tick/✓): w™ Q would like to know more about Great Eastern Life's insurance and
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      386 32 V I fl knv\\ I RIDE ON THE RECOVERY OF ASIA WITH CMG FIRST STATE INVESTMENTS. Alter the bitter medicine, the Asian economy looks set to you should consider the regional funds from CMG First to select the best opportunities. And the CMG First I move up a few gears.
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      93 34 For money management made simple I; '.1 X ilMi wM 1 4' •>• t■£ v ">' <w 5 <r f V j,'. #ore y M a x 222-8-222 We've created a powerful money management tool. It'a called Money Max. It takea care of your eavlnga and ehequelng needs, and paya
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      201 34 M brought to you by .MlTatLaa Bank Give us your feedback and win a wristwatch The above article is the last of a 13-week educational This exclusive Keppel series on personal finance. We would like to hear your Tat Lee Bank wristwatch will views on the above article and any
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  • EXECUTIVE MONEY
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      Lock icon When IPOs beckon
      1039 36  -  Serious investors should read the prospectus and understand the firm's growth and earnings prospects, ammette pau gathers some experts' views ANNETTE PAU WHEN initial public offerings of small local firms attract subscription rates of over 200 times, you know the stock market is well and truly frothy.
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    • RESIDENTIAL PROPERTY
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        Lock icon House Hunt
        942 30 Property transactions for districts 9 and 10 (sectors 22 to 23 and 24 to 27) lodged between May 31 and June 28. PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/ PWCE PSF STREET NAME TYPE DATE LANO AREA* (SOFT) (SS'OOO) (SS) District 09 Non-landed 2B Cplx Apt 19/05/99 FH 786
        942 words
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        Lock icon Eyes on collective sales
        1334 30  -  Interest is running high with owners of at least 16 private developments in River Valley, •Newton and Balmoral seriously working towards such sales, anovavmat reports ANG WAN MAY MORE prime, freehold land will be freed up with owners of at least 16 private developments mainly in
        PHOTOS BY CHRIS LOH, SIEW YAW HOONG  -  1,334 words
    • INSURANCE-WISE
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        Lock icon Protecting the quality of life
        1460 31  -  ouMUvm vb cpa takes you through the terms and options of life insurance as well as debunks some common myths GENEVIEVE CUA IF you're like most Singaporeans, you're probably already maintaining two to three insurance plans, which you believe should cover you in case you're
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        Lock icon Picking an insurance agent
        208 31 YOU prably already have an insurance agent, or even a number of them, if like most Singaporeans you hold more than one policy. If you're lucky, your agent may have grown to be a friend or at least very nearly one who keeps in touch with
        208 words
    • UNIT TRUSTS
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        Lock icon Cashing in on money
        1159 32  -  Higher returns and safety make money market funds an attractive option, says putek dodous PETER DOUGLAS The writer is principal of GFIA Pte Ltd, an independent consultancy working with the financial services sector IF YOU're seeking a higher return on your cash, plus the assurance of
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      • Article
        Lock icon THE UNIT TRUST SCORE BOARD
        414 32 UNTT TRUST/SECTOR (6 MONTHS 30NOV98-2SJUNW) CHANGE BENCHMARK CHANGE TlplltaMl 1 OCBC Savers Korea/Korea EQ 129.06 Korea SE Composite 117.62 2 Rve Arrows SEA Special Sits/ Far East Pac Ex Jap EQ* 111.49 MSCI AC Far East ex Jap 51.66 3 Tempieton IF Korean/Korea EQ 104.71
        414 words
    • PERSONAL INVESTMENT
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        Lock icon Time to fight the herd and take some gains
        895 33  -  THE FDVER PODIT As exit strategies are Just as Important as Investment strategies, the key thing to ask Is whether your objective In buying a stock has been met By Wong Wei Kong THE Straits Times Index shot up 56 per
        FILE PHOTO  -  895 words
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        Lock icon ASTI expected to ride on chip industry's upturn
        652 33  -  STOCK WATCH Analysts Bee prospects in its business, technology By. Annette Pau BUY into Sesdaq initial public offer ASTI Holdings if you believe in the semiconductor recovery, say industry analysts, who are mostly recommending a "subscribe" on the stock. ASTI subsidiary of
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        278 33 KIBWT RATES KM St INMM.kV' BANKS/FINANCE COMPANIES AMOUNT® 1 MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS Citibank Up to ***** 1.6875 1.8125 2.0625 2.1250 2 4375 ***** L *****0 1.6875 2.0000 1.8750 2.2000 3.0000 DBS 1000-***** 1.0000 1.2500 1.7500 1.7500 2.0000 *****-*****0 1.1250 1.3750 1.6875 1.8750 2.0000 Hong
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      • Article
        Lock icon Market's meteoric rise backed by fundamentals
        732 33  -  Economic figures show Singapore's recovery is sustainable By I Sheree Tan The writer is senior fund manager, Morley Fund Management Singapore THE Singapore STI has recovered some 55 per cent from the end of last year and more than 170 per cent from the
        732 words
    • SMART MONEY
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        Lock icon Banking InTo the future
        1133 34  -  Remote banking via phone, mobile phone and the Net offers convenience, accessibility and eventually lower costs. Clarissa tak gives an outline CLARISSA TAN WE'VE all heard of how Information Technology, the big IT, is changing the face of the financial services industry. Banks are busy building
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      • Article
        Lock icon All you need to know
        583 34 This is the last of a 13-week series on personal finance. Below are some questions we've received from you through the weeks, answered by a panel of experts from Keppel Tat Lee Bank (fc: My company is in the growth stage and I aim to
        583 words
    • PERSONAL FINANCE
      • Article, Illustration
        Lock icon Insurers cash in on bull market
        799 35  -  These companies are scrambling to launch new investment-linked funds, and the market saw several new plans in recent weeks, gemevieve cua and sob tiamg kemo give some tips on picking a fund to buy into GENEVIEVE CUA,SOH TIANG KENG Rising stock markets, a brighter
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        Lock icon Investment-linked plans help build up education funds
        797 35  -  Such policies seen as providing better returns to keep pace with higher education costs By I Soh Tiang Keng JUST like a straight endowment plan, an investmentlinked insurance policy can be used to help you build up a tidy sum for retirement, for
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        Lock icon Problems in getting property loan refinanced
        639 35  -  LETTERS Saiful Mizra via Internet EXECUTIVE MONEY welcomes letters from you. Your queries will be answered by a professional financial planner, investment adviser or banker, depending on the nature of your query. As the replies will be obtained by Executive Money, there is no
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        Lock icon How to get information to evaluate unit trusts
        215 35  -  Colin Tan via Internet I am Interested in investing some money in unit trusts focusing on European equity. There are a few choices available in the Singapore market. Knowing the past performances of each individual fUnd would aid me in my deci-sion-making.
        215 words
    • Article
      Lock icon ACU DEPOSIT RATES Offered by various banks (as at June 30, 1999)
      1344 35 Onwit wwunt nmh 3-fflth Uj> Deport amount Urth 3-flrth t-mtti DBS Bank HSBC AS S10.000 A24 999 4 2500 4 3700 4 4500 25,000 74,999 3.8125 3 8750 4 1875 A25.000 A49.999 4 2700 4 3900 4 4700
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      48 36 1 'V* H h Hi\ 'Aii 'x VVQuk| HIAW Eyes on collective sales. EM 8 Personal Investment Taking gains have you met your objective in buying a stock? EM 11 How much Insurance is enough? I Find out in Insurance-wise, a new 13-part series starting today, EM 9
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      299 37 Bridge News, Reuters THERE are few early ships in the north Atlantic finding it difficult to secure employment with the number of cargoes available dwindling, brokers said. Characters claim to have tonnage willing to fix US Gulf to Japan grain at U5516.35, but there appeared to be more
      Bridge News,; Reuters  -  299 words
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      Lock icon MARITIME STOCKS
      288 37 so 'r;, toe w CWT Distribution 169 uneh 284 ChuanHup 1.47 unch 2091 Cotco Invastmant 1.60 -0.02 645 FralgM Links 0.53 0.01 ***** GB Holdings 127 -0.01 802 Hal Sun Hup 102 0.01 2412 IMC HokHnqs-HK —5.60 unch 0 Jaya Holdings 1JO unch 1816 Jurong Shipyard 8.55 O20
      288 words
    • Article
      Lock icon Ship sinks off S'pore after collision, crew rescued
      326 37 Minor pollution; crew of bulk carrier rescued by S'pore Navy [SINGAPORE] A bulk carrier laden with fertiliser sank off Singapore after a collision with an empty crude tanker early yesterday morning. No injuries were reported but a minor pollution took place as
      326 words
    • Article
      Lock icon US Coast Guard will not accept uncorrected foreign charts
      432 37  -  From David Hughes mLondcm [LONDON] The US Coast Guard could slap fines of up to U5527,500 (5546,750) on ships without fully-corrected charts, and may no longer accept foreign charts, including UK Admiralty charts, on ships trading in US waters. This seems
      432 words
    • Article
      Lock icon Cargo volumes at 11 Indian ports up
      173 37 Reuters [NEW DELHI] Cargo volumes at India's 11 major ports rose 6.6 per cent to 43 million tonnes in the first two months of fiscal 1998/99 (April-March), compared with the same period last year, a government statement said yesterday. The statement said that
      Reuters  -  173 words
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      Lock icon Shipowner liable for delivering goods based on forged bills
      668 37  -  ADMIRALTY CASEBOOK By\ Selva Kumar AN English court has recently held that a shipowner cannot escape liability for delivering goods based on forged bills of lading. To hold otherwise, stressed the court, would compromise the integrity of the bill of lading
      668 words
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      Lock icon Change of ownership
      72 37 [HAMBURG] The HapagLloyd luxury cruise ship Europa arriving at the German port of Hamburg 30 June 1999, where it will be handed over to its new owner, Malaysian-owned Star Cruises. The Europa was constructed in 1982 in Bremen, northern Germany, and has travelled 1,509,000 sea miles under
      AFP  -  72 words
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      Lock icon P&O buys US port operator
      248 37 Bloomberg (LONDON] Feaiwttiar ental Srtflfm N#Wfewion Co (P&O), the world's third largest cruise-line operator, said its P&O Ports unit has agreed to acquire International Terminal Operating Inc for £50 million (Ssl3s million), as it begins expanding in the US. Based in Jersey City, New Jersey,
      Bloomberg  -  248 words
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      Lock icon Offshore rigs boost earnings
      1017 38 SINGAPORE MARINE INDUSTRY Demand for conversion of rigs helped industry to gross ***** million last year [SINGAPORE] THE rigbuilding sector has been riding the upturn in the offshore oil and gas industry sustained by high rig utilisation rates in the first half of 1998. With more
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      Lock icon SHIPPING SCHEDULES INDEX
      307 38 PAGE Frota 12 AMI 3 Frt Links M i Accord 8 GLink Ahrenkiel 14 Gemartrans 6 Appenship 5 Genshpg 14 AASCO 12 Glory Mav 14 Austral 8 HfSunHup <2 Avant 14 Hanqti 7 B'tang Mas 8 3 BSA 7 Heung-A 4 BTL 14 Hoegh 13 Balaji Shpg
      307 words
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      Lock icon SHIPPING GUIDE
      19550 45 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 15/07 09/06 COSCO EVER CLE AMY 0001W 65-*****00 To ABIDJAN (ABJ) 2003 Cote D'lvoirc B/07 B/00 Evergreen E GLEAMY 0293 068W ti-rtrm
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    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        717 51 Vessel Voy No Berth Arrival Departure Jareag Pert Exotic Dotpti MM J03 01/07/8:00 01/07/1930 OM Seraya 2099 J03 01/07/0:15 01/07/20:00 Sakti 17 JOT 01/07/725 02/07/830 tt 0ffjhof24 58/99 J18 01/07/8:40 03/07/8:00 8t Mustika ***** J01 01/07/10:30 01/07/2330 Bt Sevati ***** JO! 01/07/10:35 01/07/23:00 Bt Mm Gt6 S7 JUL-01
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        Lock icon CONTAINER SCHEDULES
        1802 51 Boofclng/Balanco Rstls Ship VoyHo Etb/Btr Porlod From To From Acs Ddtf 025A 04/1900 U OVBOO 0VB59 WW OVBOO 01/1*59 OVBOO 2A OVTTOO 02/0*59 02/0900 21 01/1700 02/0*59 02/0100 02/0700 02/189 02/1400 4 02/1200 02/1459 02/1700 2 M04* OVnOO W OVBOO 01/1*59 OVBOO OVBOO mnut OVBOO 2* OVTTOO 02/0*5*
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        Lock icon GLOBAL HOLIDAYS
        184 51 Jul 14 France: National Day. Jul IS Brunei: HM The Sultan's Birthday. Jul 21 Belgium: Independence Day. Aug 2 Ireland-Republic Of: August Holiday. AngO Singapore: National Day. South Africa: National Women's Day. Ao| 12 Thailand: HM Queen's Birthday. AofflS Belgium: Assumption Day. Hong Kong: Sino-Japanese War Victory Day.
        184 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        793 51 THIS report, compiled by Cockett Ma rlne Oil Ltd. shows price ranges in US dollars Instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        793 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        487 51 Carbon 180 Ma 990.6 2.0 17.4 0.» 78 0.05 Jim 24 Dtralty W»t»f HsMm AUi AKiimmum iifclil No *ow E25 0 1 t 0 0 0 rrr- 380 Am 986.9 OJ a jo 0.06 37 0.02 Im 380 Mix 992.8 OJ 19.2 0.09 90 0.06 iwr)
        487 words
    • AIR & LAND TRANSPORT NEWS
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        Lock icon US bank attempts to block PAL sale of facility
        405 52 It wants airline to adopt open and fair auction to get highest price Bloomberg [MANILA] The US Export-Im-port Bank asked regulators to block Philippine Airlines's plan to sell its maintenance and engineering facility to a joint venture controlled by the flag
        Bloomberg  -  405 words
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        Lock icon HK air cargo volume up in first 5 months
        290 52 Reuters [HONGKONG] Cargo throughput at Hongkong's new international airport at Chek Lap Kok is showing signs of recovery in the first five months of 1999 despite technical problems when the new airport opened, the Airport Authority said. "If you look at
        Reuters  -  290 words
      • Article, Illustration
        Lock icon Summer holiday delayed
        53 52 [ZURICH] Swissair planes can be seen sitting on the tarmac as passengers waitfor their flights at Zurich's airport Kloten. Tens of thousands of air travellers were hit by hours-long delays while technicians at air traffic controllers Swisscontrol tried to fix a computer glitch ahead of the summer
        REUTERS  -  53 words
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        Lock icon Qantas to beat previous record profit
        669 52 Asian recovery, healthy Aussie economy expected to boost earnings Bloomberg [SYDNEY] Qantas Airways Ltd, Australia's biggest airline, has made a habit of beating earnings forecasts. That is likely to continue with expectations of a 20 per cent rise in earnings this fiscal year. Estimates
        Bloomberg; FILE PHOTO  -  669 words
      • Article, Illustration
        Lock icon Pilot training facility opens in S'pore
        299 52  -  Ry\ S Shivani [SINGAPORE] A US$l5 million (5525.5 million) state of the art flight simulator has been set up here with the support of Airbus Industrie. With its inauguration here on Wednesday, the flight crew training facility for airlines using the Airbus A 320
        299 words
      • Article
        Lock icon British pilots fear Y2K bug in Asia, E Europe
        116 52 AFP [LONDON] British airline pilots are threatening not to fly to eastern Europe and Asia over the New Year for fear that the millennium bug will affect some countries' air traffic control systems, reported the Independent newspaper yesterday. A study conducted
        AFP  -  116 words
      • Article
        Lock icon Thai Air to raise US$550m overseas to buy five planes
        213 52 Bloomberg [BANGKOK] Thai Airways International said it will borrow US$55O million (***** million) to fund the purchase of five planes after Boeing Co refused to cancel the order. Thailand's national airline will seek Finance Ministry approval to borrow the funds
        Bloomberg  -  213 words
      • Article
        Lock icon Hongqiao Airport plans convertible bond issue
        105 52 AFX-Asia [SHANGHAI] Hongqiao International Airport Co Ltd said its shareholders approved a plan to issue convertible bonds to help fund the construction of the terminal at Shanghai Pudong International Airport. The total value of the bonds will be no greater than 40 per cent
        AFX-Asia  -  105 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1842 52 cm fucwt cta fiwmt fro urn 0945 lh&3T5 0950 MM* AN8230 1850 1*786 M05 SO326 0950 IH6381 «50 N***** 1605 LH787 2350 $0230 1850 $***** 1605 KZ4587 2350 WW 2120 WW 2350 p |S LH6373 2355 Mrtartfm S023 0705 RLM4 0040 2355 SO327 0745 U.838 2300
        1,842 words
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      22 37 S'pore marine industry: Offshore rigs boost earnings Demand for conversion of rigs helped industry to gross ***** million last year. Page 2
      22 words
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      58 37 US bank attempts to block PAL sale of facility It wants airline to adopt open and fair auction toget highest price. Back Page Sailing Schedules, to Asia More. An y destination, a 11 v r i me. 24 hours a day in the Shipping Guide Fax-On-Demand hotline 740 6000. j
      58 words
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      1153 38 I MOUTH AMERICA I B(PORT I I OTHER DESTINATIONS I I SSX StIPCT SHUTTLE EXPRESS- DIRECT TO LA 1 WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) «sa VOT ETA SM ETSSM LONG KMX ONUS HOUSTON OOCMO WW TOM MDXD OtT yt»a VOT f'BT I njurutl KAJUTU I SIH'TfrO 1 PT
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      755 38 Lines services represented u (imSmf) by Members of me Registry of FoEfarders Accredited Shipping Agents Association Singapore Shipping Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO TO DAMPIER/FREMANTLE (MONTHLY SERVICE) MV "TBN" ETA SIN 25/07/99 BOOKINGS CALL MONKA/JUUA TEL 323 4374 COUTAWttS/ CONVENTIONAL CARGO ror kuno/smgafore/jakaiu t iangcok
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      1096 39 BBFv TO EUROPE FROM EUROPE msa ww si m <1 hm ■< sou m LBI vtssq yot n u» iw by sou m lew sin HY EMPEROR 310W 05/07 22/07 24/07 27/07 21/07 a* SS3E 12/0* 09/ M 10/06 07/06 01/07 NOt UU2OWTE 023W 01/07 11/07 21/07 29/07 26/07 HY
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      44 39 CONTAINER SERVICE S' PORE/JAKARTA/ SEMARANG/SU RABAYA 55/W* STORE JAKARTA SEMAAANG SURAAATA PERMAIIO442-442 OM)7 0&O7 1007 PERMAI 1044J-443 IMI7 17/07 PERMAI *****-444 2tM)7 22-07 244)7 PERMAI 2 0037-037 07-07 11/07 ocoui' 2 0038-038 14/07 184)7 PERMAI 2 Q09M39 21/07 25/07 PERMAI 2 0040-040 28/07 01D8
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      1628 39 I HANJIN SHIPPING iiCFI I tlfcWrtb. -Srfß *****30 mumsiwsmniu. !»//«-«W6 memw urn rara* m poomw raw;i w< wtiuiws nwsoHi wwiw raws u raw. aao iiumoom I TO NW USA CANADA| USA 1 mnrm I I TBiSSw I**! I 081 Iml o. |ws>| ml wtlwlihliwi mln. I m HIWKMKO.II 03/07 04/0,
      1,628 words
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      423 39 SB WT SM PIG VOT SIN KG IB IW PUS ML— 5 T mmvmm rai mi Mr n/v iiw w W AO OAHUA 01M 02/07 03/07 07/07 M/ 07 wS" MSS mL HTWOAI SPHWa QMS 02/07 of/07 11/87 13/07 14/07 4£LIM! EH- 91/jjl JMZ. 4w UITC HOW6JIOW6 Km 04/07 M/
      423 words
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      1717 40 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEANCANADA ttssa vov sm ia m mw ham pay fu vtssti vot sw m w m m mix TRADf SflfNE WQSH (2 07 23 07 2507 22 07 23 07 »07 JAPAN SENATOR *1*930 00 07 »07 77 07 20 07 11 (7 01 01
      1,717 words
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      935 40 p AM MAC-NELS S'PfIRE M'SIA Cantor. MN COmih LINES, INC p.qudang:<o7)mbsto I~IW cm MO, HOOO7IOOOOB S®U: (064) *****9 MAMLA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****11 P KELAWQ: (03) *****7/ JKT: (21) *****46 KUCHXG (062) *****1-3 CHITTACONC P VANCOUVER MV "KOTA NAG A" V.NG4113 MV "HJ
      935 words
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      712 40 2* (££9^? EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO VWMI S PORE N SHEVA COLOMBO P KLANG MAS TIC* V.117W 05 JUL 13 JUL 70 JUI 25 JUL CAPE CANAVERAL V IBBW 12 JUL 21 JUL 27 JUL r AUG TULSIDAS Vlll 18 JUL 27 JUL B3 AUG M AUG B. MAS
      712 words
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      1094 41 WY KHH HKG SIN ~PKO PQB DXB DMM BA BIK IRAN LOBFl'taij L 108 28/06 30/06 03/07 04/07 13/07 14/07 15/07 17/07 18/07 IRAN 7 '°Z 7 13/07 14/07 23/07 24/07 25/07 27/07 29/07 RAN B1IK«? WZI I®' 07 20/07 21/07 30/07 31/07 01/08 03/00 05 08 RAN ll™ 23/07
      1,094 words
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      1315 41 Mrort Call* to Mm (4 Nyi),l Nagoya (7 Days) Tokyo (0 Doyi) j IrS l».u»]!.M n MHWINSONM TtL 226 1900 f«:*****M OUTWUD (l/l) 420H02 JOHOM OfFW ystwr r» m sua on mi ki/voy a* m i— BVH WISDON /00/lf 04/07 (WD7 10/07 12/07 IME HI DIM* *1 116 W*: HUST
      1,315 words
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      514 41 CHINA SHIPPING (GROUP) COMPANY CHINA SHIPPING CONTAINER LINES CO., LTD. FAR EAST EUROPE FULL CONTAINER EXPRESS SERVICE WESTBOUND (FIXED WEEKLY SERVICES) Ivor I XOO I <MN I SHA HKO S -PO«I |BM I HAM I«T J™™/. 22QJ 2Q Jun 22Jua 25 Jun 28 Jun 01 Jd 21 Jul 2? kj
      514 words
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      1383 42 EUROPE AJK/SCAMOiNAVIA/FIHLAMD/RUSSIA SGP ROM ANW HBG THP ZEE LMV LHV IMP ROM Mm* HBG PKL I SGP E. DAINTY RW-011 04*7 ***** 20/07 ?«7 20*7 27/07 20/07 E RENOWN RE-034 17/06 19/06 18/06 20AM 22/00 11/07 12/07 E DYNAMIC RWOOS 11/07 20/07 04/0« 31/07 02/06 03/01 04/0* E RIGHT RE
      1,383 words
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      1326 42 PACIFIC INTERNATIONAL UNES (PTE) LTD fll■■ 140 Cecil Street, #03-00 PIL Bmkfcng, Singapore *****0 CR NO: **********0E Ilnttfl W mI rn m srp nmi »a mmWII !1 I iam ML 7 in 00Q ACCLAIM 043 18/7 H/7 11/7 74/7 M 7 T/| 7/1 y> 1 Ilvßjft vpT nTZ _m_ mmmwewnt
      1,326 words
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      410 43 mHH MYANMA pBBk FIVE STAR LINE (Myoamar National Line) Loadiag for Yangon (Rangoon) rasa vor sin pkl pin pgu SAGAING MW SU> PAGAN 26tW IN PT MALAYSIA AGENTS: ROUSTEAD SHIPPING AGENCIES KUL TIL (03)*****00 PKL- HI (03) *****01 POfc TE (04)*****02 PGU: Til (07)*****21/4 ig| BANK LINE (A scrvic* of
      410 words
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      1378 43 HYUNDAI MERCHANT MARINE CO., LTD. [Vtssa VOY ISN I SOU IB! WW ANT HAW BtV H inssa VOYI SOU LBI I RTW 1 ANT 1 HAM 1 RRY 1 m SN Nanun oi4w 02/07 23/07 24/0713/07 20/07 mm S27i 11/06 14/06 13/06 15/06 07/07 EVES™ X 11/07 X 24/07 77/07
      1,378 words
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      999 43 Wallenius Wilhelmsen TO NORTH AND UTIN AMERICA "CAR RORO HEAVYUFT StRVKf* |*B» 1 vor Imt height i iwi I lax Iqi 1 I SAV 1 »A 1 1 Oif NYC ImTTiiori Tnli JUS! 400 11/07 W/M 18 08 "War 23/01 WoTuToT M75T0i70r0775r ISLii 63M 27/07 »/M 03/09 04/09 04/09 10/09
      999 words
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      1723 44 BANGKOK7MAP TA PHUT/LAEM CHAiANOI JAKARTA/PAN J A NO VESSEL VOY SIN BKK MTP LCIT" VESSEL VOY SIN JKT [~PJN MATHU BHUM 421N 03/07 07/07 06/07 GURU BHUM 13SSB In Pt ~04/07 XETHA BHUM** 290N 04/07 07/07 06/07 AKA BHUM+ 360S 03/07 07/07 UL> BHUM* 112N 06/07 08/07 10/07 ANRO JAYAKARTA'
      1,723 words
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      57 45 SERV'CE TO: JEBEL AU PORT SAID B3DEB3ISH BENGHAZI/TRIPOU I\SBfSS3U TUNIS ALGIERS MSSSSmESSM CASABLANCA Refer To Pg 6 «Turn To Pg 14 (every mon/wed/fro Richfield Marine fflj Agencies (S) Pte Ltd Oceanus Shipping Agency NEW GUlNEA~|^^^^^^^n PACIFIC UNE Our Schedules Are NEW SERVICE On Pg 5 FROM ASIA TO H PACIFIC
      57 words
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      48 47 I V«nl STmT|Dial74o-6000 Oil G€lTtdnG —(Retrieve more schedulesl) Press "1" e Select the port and key in the four digit code eg: To New York (NYQ 2275 SJ© Key in your fax number I your phone number Another innovative service offered by The dOCUment Will be Shipping Times
      48 words
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      156 48 ■j^^HHffijßHH T Ro ™r FBOM: U.K./ CONTINENT/ MIDDLE EAST TO: FAR EAST TAW SKN KKU THU VBSa/YOY SM LAfM CHAIANG MAMA HONGKONG KEHUNG tIIMN STHIA V3IA 25/07 21/07 31/07 aSfm/nam/m**, N/N 10/N MUTW- HSNWSOMM TAWAU FtBGHT SVO PORT KHANG AGMT: SUNSHP AG&KE (M) SON M P. KELAMG TH: *****00 SA»A«A»-
      156 words
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      211 48 J SHIPPING LINE iI kf I] f'l k ■ivl fill" _I I y I [nl|l I LIBYA TOMUQ UNO NAZI MISURATA TRIPOLI luuJ [ytssamil votwo |sw pis lon roamw I dot I ro» In m tb MAIUAE SIW SfKUUSm (H/D7 07/07 17/87 ADAUI H/07 H/V H/07 30/07 31/07 logsm Sill
      211 words
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      155 48 Hi ESP LINES miKir la amd fa uma muma+am Hirer BBSS OUT MOM, fYtfTIM IfIHCIfB. NOW lOW HAMUK, MTTBMB KMBAT, COUMMO MJUUtTA. IMU MTWHtf RUXSTDWI OiQfftt HOC—I WWW mai u rrwrtiMCTKCT mpm sfffYfT vßsa/vorag stom «t m m at icmtm/m ii/» rtm n/w ram i /*as-ris nM »M lauum/ots g/n
      155 words
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      703 49 ———SAMUDERA SHIPPING LINE LTD I 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. **********0 D ■Jai TEL *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LINE: 535 6266 Celia/Jessica/Mel Chan/Jeslynn/Dora/lvy/Hanim 8 SLGS/WEEK EVERY 4 DAYS VESSEL I VOY I SW
      703 words
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      1033 49 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I |*I WT I |KWIfW| W MM I I NT! I 0«f 1 SAV NEW TAM I HOU HOKH DTK! /O*S? 91/07 15/07 H/07 71 07 31/07 tt/07 07/00 10/00 OS/M 04/01 M 00 I? 00 U/W 71/0* ?i/W MMUMMLfIm Cl/M 00/00
      1,033 words
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      645 49 I rrr# Singapore Soviet Shipping CPI kVVV aNc lOOSOMOOOON Mwltlinc Shipping PL J J (WMyOMMdSafaivy) afcivsmniK VESSEL VOY SIN BOM PNG PKL KOTA RATU RTUO49 06/07 12/07 TBA 23/07 KEDAH 132N 13/07 20/07 TBA 31/07 KOTA RUKUN RKNO43 17/07 24/07 TBA 04/08 1 VESSEL VOY SIN CALCUTTA SIN PRIME VALUE
      645 words
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      589 50 I" VESSEL VOY TIGER ISLAND 719N 30-01/07 05-08/07 13-14/07 I TIGER PEARL 720N 01-02/07 07 11/07 15-16/07 I TIGER SEA 721N 05-06/07 10-14/07 19-2W07 I TIGER BAY 722N 08-09/07 14 18/07 22 23/07 I TIGER ISLAND 723N 12 13/07 17-21/07 26-27/07 I TIGER PEARL 724N 15-161)7 21 25/07 30/0 7
      589 words
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      999 50 FREIGHT LINKS EXPRESS |JP 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
      999 words
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      1267 50 OOCL (Singapore Pte Ltd CFS Keppel Dislrpk 65 CM* SI OCK Or #42-00 *****13 8* 513 #01-128 i CB MO 11S787SOOOOH U. 272 7*27 Utng jA— Tel: *****83 Fa: 438 2966 Fix: 272 7S2S MJL Orient Overseas Container Line (Malaysia) Sdn Bhd (Reg Nk *****2-U) cti V-"V PCTALING JAVA W:
      1,267 words
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  • Page 51 Miscellaneous
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      Lock icon Page 51 Miscellaneous Column 1
      125 51 108 LEGEND R Thunderstorm Temperature c X\ Shower Weather -->/ Wind direction with speed in knots e Rom Cloudy Sky Wove h 9 ht Sur+oce winds ore indicated by orrows which My with the wind One Ml circle represents calm or hght ond variable winds -L_» One hoM flee he
      125 words
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