The Business Times, 9 July 1999

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Total Pages: 52
1 52 The Business Times
  • 12 1 THE BUSINESS TIMES MITA (P) 04W12/98 85e SINGAPORE /nrprnH^j^p^/^nsi^is-times.asial.com.sg/ FRIDAY, JULY 9,1999
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  • 66 1 □m Ztt*M (+15.33) wmvr-sai U ***** (+9.93) □sneanmnußs 29L10 (-0.20) MARKET MOOD; BBKni STOCK MARKET INDICES Thursday Change KLSE COUP ***** +7.84 NIKKEI 17,967.66 +8.71 HANO SENG *****10 4L14 SET INDEX 496 65 11.46 JAKARTA COMP _6601§ -6M MANILA COMP 2,612.18 +619 TAIPEI WPI 8£92.43 +121J6 SEOUL COMP
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  • 78 1 FOKEXRATES uss ss USS I.7M £(USS/SS per L668 2.(49 EURO(US$/SS per E) 1.019 L7» DM 1.919 0.889 YEN 122.4 1589* RM 1890 9.447 HKS 7.769 0119 BAHT 17.01 0.049 BUPIAH 6,636 0.029 St to 100 unto PRIME BATES SINGAPORE* 5.80 KUALA LUMPUR 7.25 JAKARTA 40.00 BANGKOK 10.W MANILA 11.00
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  • 626 1  -  Proprietary traders said to be involved in heavy short-selling earlier this week By- Ven Sreenivasan [SINGAPORE] The stock market was rife with rumours yesterday that the Stock Exchange of Singapore was investigating the heavy bout of short-selling by proprietary traders in several leading
    626 words
  • 724 1  -  Mahathir, Daim need convincing it won't upset market From Eddie Toh in Kuala Lumpur THE Stock Exchange of Singapore's proposal for a staggered release of frozen Malaysian shares previously traded over-the-counter on Clob International will face obstacles from Kuala Lumpur
    724 words
  • 424 1  -  Bids for 207,000 sq ft freehold plot fairly close to asking price By Corinne Kerk [SINGAPORE] Listed developers City Developments Limited and First Capital Corporation are in the running for a large plot of land in the Kembangan area with an asking
    424 words
  • 735 1  -  Prom Quak Hiang Whai in Hongkong THE Hongkong government has unveiled its widely-antic-ipated recommendations for the planned merger of the stock and futures exchanges and their clearing houses. Released by the acting Financial Secretary Rafael Hui yesterday, the report also
    735 words
  • Page 1 Advertisements
    • 99 1 DKBDB Naedaq listing Local award-winning Internet startup Calendar One.com is aiming for a listing on America's Nasdaq within 18 months, Pf 11 The Orchard Ed debate Can Orchard Road rival Regent Street? Jaime Ee examines the issues involved, EL 1 The ten top-performing funds in a Standard Poor's Micropal poll
      99 words
    • 40 1 NTU economists see 4.3% growth for 1999, 7.2%f0r 2000, Pg2 Market reports, Pg 18-22 Clob investors sitting on huge losses, Pg 4 PMemco Land Hfl appoints i i JL AlanCockshaw, E2K* a Briton, to its board Full report Pg 4
      40 words
    • 121 1 Did currency controls fail M'sia? FTT-l a i n f i LILJ says /Vote/ laureate 1. L*J says Bank Neqara Merton Miller rBiO® fixing of iSfelTie J |f 11 ringglt ha stability, controls must be 1 I and certainty to fj written off as a Mure, and rfflrfloM costs fjFT"Wr
      121 words
    • 8 1 HK seta ambitious targets with merger, Pg 7
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  • ASIA-PACIFIC CENTRAL BANKING CONFERENCE
    • 1064 2  -  Bat Bank Negara deputy defends Malaysia's policy, saying it aided recovery By Vikram Khanna MALAYSIA'S capital controls have, at best, been useless and the ringgit will probably decline by at least 10 per cent when they are removed, Nobel Prizewinning economist Merton Miller said
      1,064 words
    • 2020 2  -  They may seem to work for a while but not for very long, says NOBRTOM because the market is always one step ahead of regulators MERTON MILLER The writer is Robert R McCormick Distinguished Professor Emeritus at the University of Chicago Graduate School of Business. He
      CHRIS LOH  -  2,020 words
    • 447 2  -  By. Audrey Tan CONFIDENT that Singapore is firmly on the road to recovery, two economists from the Nanyang Technological University (NTU) have forecast economic growth at 4.3 per cent this year, and a robust 7.2 per cent for 2000. Chen Kang
      447 words
    • 411 2  -  Questions remain on babbles, capital flow, regulation, policy By' Vikram Khanna ASIAN central bankers may have learnt nothing from the recent economic crisis and a lot of difficult policy questions remained unanswered, said Monetary Authority of Singapore managing director Koh Yong Guan yesterday.
      411 words

  • Page 3 Advertisements
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  • SINGAPORE AT HOME & ABROAD
    • 472 4  -  Al&n Cockshaw chairs a UK govt body and electronics group Roxbor o By- David Boey PIDEMCO Land is the latest government-linked company to appoint a foreigner to its board of directors. Pidemco announced yesterday that a 62-year old Briton,
      FILE PHOTO  -  472 words
    • 213 4  -  Forum will focus on Indonesia's political and economic future By' Vikram Khanna KEY Indonesian political figures Amien Rais, Marzuki Darusman and Dewi Fortuna Anwar will be among the speakers at a conference in Singapore on post-election Indonesia. The conference, titled
      213 words
    • 293 4 NSTB funds will go to IME programme over next four years THE National Science and Technology Board will invest $120 million over the next four years in the Institute of Microelectronics' (IME) R&D programme for next-genera-tion wafer fabrication its largest-ever funding for a single
      293 words
    • 150 4 THE Hong Leong group is launching the fourth and last phase of its freehold Carissa Park project in Upper Changi at $650 psf, up from last week's $640 psf launch. A total of 123 units will be on sale tomorrow
      150 words
    • 310 4  -  MAXLBAG Madathil Nelliodan Ramachandran Singapore I AM, in effect, a minority shareholder in Robinson Co, a company listed on the Stock Exchange Of Singapore. There are 3,000 shares registered in the name of my mother, whose general power of attorney I hold. The original
      310 words
    • 255 4  -  Raman Venkatraman via Internet Singapore ONE of the major problems I see in the news being published regarding the Clob situation is that it is made out as if the shareholders are making a huge profit. This is so because the comparison is made
      255 words
    • 292 4  -  EYE ON THE ECONOMY Jobs By, Audrey Tan IN A sign that the job market may finally be catching up with the economic recovery, the volume of newspaper job ads surged 38 per cent in June. All categories and types of jobs appear to be
      Source: SPH  -  292 words
    • 335 4  -  By Clarissa Tan JUST days after DBS customers were hit by a bug in the cashless payment system, a fire yesterday brought down OUB's ATM system. OUB officials were eager to quash speculation that its ATM problems could have been
      335 words
    • 313 4  -  By i Conrad Raj FROM now on financial institutions here have to report any suspicious transaction not only to the Monetary Authority of Singapore but also to the Commercial Affairs Department. "As part of our review aimed at enhancing the
      313 words
    • 188 4 SINGAPORE Petroleum Company has failed to clinch a Housing Development Board tender for a petrol station site at Bukit Panjang Ring Road even though it was the only one to bid for the site. A board spokesman said yesterday that the
      188 words
    • 125 4 MINISTER for National Development Mah Bow Tan last night warned that the "single most important threat" to Asia's future growth is the slowing down of reforms now that the economic recovery is under way. Emphasising the need to push ahead with reforms,
      125 words

  • ASIA ON THE MEND
    • 634 5  -  He says banks not lending enongh and developers should cnt prices further From Ruth Wong in Kuala Lumpur MALAYSIAN Finance Minister Daim Zainuddin yesterday hung the threat of the axe over the heads of local banking chief executives after ticking them off for
      634 words
    • 194 5 Reuters [BANGKOK! Thailand's housing market has shown some signs of recovery despite a glut, real estate consultancy CB Richard Ellis (Thailand) said yesterday. "We have recently inspected about 40 housing estates over the last month. For the first time in two years, we now
      Reuters  -  194 words
    • 149 5 Reuters [KUALA LUMPUR] MBf Capital Bhd said yesterday it has received approval from the central bank and the finance ministry for Malaysia's bank recapitalisation agency to take over the company's finance unit and to inject fresh capital. MBf Capital said in a statement
      Reuters  -  149 words
    • 41 5 [BANGKOK] Thai customers buying gold jewellery in a Bangkok shop yesterday to take advantage offalling prices. Gold prices fell drastically after the United Kingdom's first auction of 25 tonnes of the precious metal earlier this week. REUTERS
      REUTERS  -  41 words
    • 473 5 Reuters [NEW YORK] The rebound that has lifted Asian economies and financial markets this year is only just getting started, said David Semple, co-manager of the high flying Van Eck Asia Dynasty Fund. Of the thousands of funds tracked by
      Reuters  -  473 words
    • 303 5 They will assess progress in efforts to stabilise markets Reuters [HONGKONG] Central bankers from East Asia will gather today in Hongkong to assess the state of play in the global effort to improve market infrastructure to guard against financial instability. The Executives'
      Reuters  -  303 words
    • 488 5 Intervention not strong enough with wave of fond inflows Reuters (TOKYO) Massive intervention by the Bank of Japan has cowed the currency market into accepting a weaker yen for now, but dealers and analysts say the central bank is fighting
      Reuters  -  488 words
    • 485 5  -  Investors need not take np any options now on the table By Ven Sreenivasan [SINGAPORE] Singapore may be forced to take some kind of legal action if the issue of the Malaysian Clob shares is not resolved in accordance with the
      485 words
  • Page 5 Advertisements
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  • SOUTH-EAST ASIA
    • 489 6 BANGKOK Thai stock index lose 4%, bank shares plunge as confused investors panic Reuters THAILAND'S third-biggest bank, Thai Farmers Bank, announced a massive recapitalisation plan yesterday, shocking the stock market and sending shares in other banks into sharp retreat. The bank said it planned to
      Reuters  -  489 words
    • 352 6 JAKARTA Reafforestation Fond money misused by concessionaires AFP INDONESIAN authorities have moved to scrap and deny renewals of forestry and plantation concessions held by the family and associates of former president Suharto, a minister said yesterday. Forestry and Plantations Minister Muslimin Nasution said
      AFP  -  352 words
    • 510 6  -  Massive multimedia film-studio movie theme park in the pipeline From Diana Oon Abdullah in Kuala Lumpur MALAYSIA is committed to developing Cyberjaya on a fast-track basis, Prime Minister Mahathir Mohamad said yesterday at the opening of the intelligent city which is meant to be
      REUTERS  -  510 words
    • 194 6 MANILA Bloomberg THE government ordered state employees and workers travelling to jobs abroad to use Philippine Airlines Inc (PAL), its latest effort to aid the debt-laden flag carrier. Philippine President Joseph Estrada, a close associate of PAL chairman Lucio Tan, signed the order requiring officials
      Bloomberg  -  194 words
    • 187 6 BANGKOK Money needed to boost reserves, says central bank chief Bloomberg THAILAND shouldn't repay loans from the International Monetary Fund (IMF) before they are due, the central bank said, as money is needed to make sure reserves are adequate. Foreign reserves need to be
      Bloomberg  -  187 words
    • 164 6 mJAKARTA Reuters LEADING Indonesian reform figures will meet later this week in an attempt to prevent a deadlock in November's presidential election which will be contested for the first time in the country's history. Abdurrahman Wahid (or Gus Dur), head of Indonesia's
      Reuters  -  164 words
    • NOTE Book
      • 71 6 Reuters [KUALA LUMPUR] The opposition Parti Islam Malaysia said it plans to sell off the country's new administrative capital if it comes to power—a proposal that drew an angry rebuke from government officials. PAS leader Fadzil Noor said the party would "get the
        Reuters  -  71 words
      • 123 6 AFX-Asia [JAKARTA] PT Citra Marga Nusaphala Persada said it had signed a loan agreement with Brunei Investment Agency but has never received the loan. "Formally, the loan was signed by Citra Marga but in fact Citra Marga has no obligation in any form to
        AFX-Asia  -  123 words
      • 61 6 Reuters [BANGKOK] The state-run Electricity Generating Authority of Thailand (Egat) said yesterday the World Bank would not guarantee its planned US$323 million (Sss4B million) bond issue. But Egat still aimed to issue the bond despite a lack of support from the World Bank, Egat's
        Reuters  -  61 words
      • 72 6 Reuters [BANGKOK] The Thai government has finalised a cabinet reshuffle and expects to announce details soon, but key financial portfolios and thus economic policy, will not be affected, senior government officials said yesterday. Deputy Education Minister Somsak Prisananantakul, who is expected to take the full
        Reuters  -  72 words
  • Page 6 Advertisements
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  • CHINA-HONGKONG-TAIWAN
    • 404 7 BEIJING Govt also allowing foreign retail and wholesale giants to set np outlets inland AFP CHINA will ease restrictions on foreign-funded firms operating in the country by making local currency loans more accessible from mid-July, 9tate media said yesterday. Sino-foreign joint
      AFP  -  404 words
    • 249 7 SHANGHAI Reuters A MERGER that will create China's biggest securities firm took a step closer to completion yesterday as a listed hotel operator said it would buy a stake in the new brokerage. Shanghai-listed Jlnjiang Tower Co said it planned to invest
      Reuters  -  249 words
    • 367 7 BEIJING AFP NYT Reuters CHINESE and Japanese ministers agreed yesterday on a protocol for Beijing's bid to join the World Trade Organisation (WTO), a Japanese official said. "At the ministerial level, the agreement was reached," the official said. The agreement between
      AFP; NYT; Reuters; REUTERS  -  367 words
    • 360 7  -  It aims to be one of world's top five equities markets From< Quak Hiang Whai in Hongkong IN setting out the business and regulatory framework for the merged stock and futures exchange, the Hongkong government has also come up with an ambitious
      360 words
    • SINO Briefs
      • 86 7 Bloomberg [TAIPEI] Koo Chen-Ai, patriarch of Taiwan's Koo's Group and the island's chief negotiator with China, was linked to a company supplying "comfort women" to the Japanese military during World War 11, a state-backed research institute said. Mr Koo and members of other wealthy
        Bloomberg  -  86 words
      • 57 7 Reuters [HONGKONG] Hongkong's budget deficit for fiscal 1999/2000 may be higher than the current forecast of HK136.5 billion (SsB billion) due to higher than expected expenditure, Treasury Secretary Denise Yue told legislators. She was lobbying for support for increased government charges, and said more
        Reuters  -  57 words
      • 62 7 Reuters [BEIJING] China Unicom has sealed a deal with the State Post Bureau, for the bureau to be an agent for sale of some products, a Unicom official said yesterday. Under a recent pact, the bureau would help Unicom provide telecoms services such
        Reuters  -  62 words
  • Page 7 Advertisements
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  • ASIA
    • 568 8 TOKYO Revamp propels a 380% jump in mergers in financial industry: Thomson Bloomberg MERRILL Lynch Co was the top adviser for mergers and acquisitions in Japan in the first half of 1999, as economic pressures redefined the way Japanese companies buy and
      Bloomberg  -  568 words
    • 260 8  -  From Surinder Singh in Sydney AN AUSTRALIAN supermarket, beset with the problem of loitering teenagers, has come up with an unusual solution Bing Crosby's music. Located in a shopping complex in Wollongong, a regional centre outside Sydney, the supermarket found that the town's
      260 words
    • 155 8 NEW DELHI AFP NINE leading HoUywood film production houses have taken two of India's largest cable TV operators to court for copyright infringement, US film producers said. "We have filed a suit in the Delhi High Court to restrain Siti Cable and In
      AFP  -  155 words
    • 367 8 TOKYO Economists warn of rising jobless as firms restructure Bloomberg THE Japanese government will ask the Diet (Parliament) to approve spending 0f520 billion yen (557.23 billion) to pay for new jobs as firms lay off workers to boost profits, or even
      Bloomberg  -  367 words
    • ASIA Notes
      • 57 8 Reuters [CANBERRA] Australian Prime Minister John Howard yesterday said he believed the jobless rate could fall below 7 per cent if the government's economic policies passed the upper house of Parliament. He said he was delighted by the sharp fall in the adjusted June
        Reuters  -  57 words
      • 94 8 Reuters [SEOUL] Samsung Group yesterday said it was willing to talk with creditors about its carmaking unit if securities the group's chairman donated for debt payment fell short of 2.8 trillion won (Ss4 billion). "Our stance is that we are willing to discuss
        Reuters  -  94 words
      • 92 8 Reuters [LONDON] Japan's scientific prowess is second only to the United States, a British researcher said on Wednesday. Japan produces more scientific research papers, has 2.1 times the population of Britain, 4.4 times the economy, 3.5 times the scientific expenditure, 3.7 times the
        Reuters  -  92 words
      • 81 8 Bloomberg [NEW DELHI] India's personal computer sales are expected to rise 30 per cent in the year ending March 2000 as prices decline. The country expects to post sales of 1.33 million PCs, up from 1.03 million in the year ended March 1999. The
        Bloomberg  -  81 words
  • Page 8 Advertisements
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      671 words

  • THE WORLD
    • 466 9 WASHINGTON He says he will maintain Rabin's strong-dollar, free-trade policies Reuters NEW US Treasury Secretary Lawrence Summers said yesterday the economy was strong and signalled a steady course for economic policies. "I feel good about where the economy is," Mr Summers said
      Reuters  -  466 words
    • WORLD Watch
      • 75 9 AFP [NEW YORK] The euro recovered some ground in New York yesterday morning after falling to an all-time low of 1.0146 in early trading, following statements by German Finance Minister Hans Eichel. His comments suggesting little concern for the euro's recent declines were seized on
        AFP  -  75 words
      • 51 9 Reuters [LONDON] The Bank of England yesterday left Britain's key short-term interest rate unchanged at 5 per cent, clearly deciding that rates had been cut enough for now. Its Monetary Policy Committee cut its base rate for the seventh time in nine months just a month
        Reuters  -  51 words
      • 65 9 AFP [BRUSSELS] The 11 countries of the euro zone and the 15 countries of the European Union showed growth of 0.5 per cent in the first quarter of the year from the figure for the last quarter of 1998, data showed yesterday. The
        AFP  -  65 words
      • 57 9 Reuters [BANGKOK] Thailand's candidate to head the World Trade Organisation yesterday said a meeting of trade envoys had shown majority support for a proposal to share the leadership between himself and New Zealand's Mike Moore. Thai Deputy Prime Minister Supachai Panitchpakdi told reporters that 24
        Reuters  -  57 words
      • 96 9 FP [LONDON] Britain yesterday unveiled plans to grant wide commercial freedom to one of its last state-owned industries, the Post Office, but insisted that the service would not be privatised. Britain's 19,000 post offices will be modernised to prepare the service for the onset
        FP  -  96 words
    • 379 9 LONDON Bloomberg THE pound fell to its lowest level in 33 months on speculation the Bank of England may reduce its benchmark rate in the coming months, though it left the rate unchanged at 5 per cent yesterday. That, along with expectations
      Bloomberg  -  379 words
    • 514 9 MIAMI Jury finds companies guilty of selling addictive products causing diseases AFP, Bloomberg THE US tobacco industry suffered its most sweeping defeat ever when a six-person jury here, including one smoker and two ex-smokers, found it guilty of selling defective products it knew
      AFP,; Bloomberg; REUTERS  -  514 words
    • 388 9 WELLINGTON Reuters AUSTRALIAN and New Zealand leaders yesterday slammed the US for imposing quotas and tariffs on lamb imports, saying the move smacked of double standards in international free trade. Australian Prime Minister John Howard, due to travel to Washington today,
      Reuters; AFP  -  388 words
    • 391 9 SINGAPORE Reuters THE Asian financial crisis has taught one thing to many gold Is more reliable than the local currencies or the banking system. Traders said the slump in world gold prices was unlikely to hurt people's belief in the yellow
      Reuters  -  391 words
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  • EDITORIAL & OPINION
    • 848 10  -  THE BOTTOM UKE OPINION By Robert Samuelson Washington Post Writers Group ALL the talk of bulging budget surpluses and an expanded Medicare obscure a bigger story that is overlooked by the press, excluded from political debate and ignored by Washington's think tanks. This'is
      Washington Post Writers Group  -  848 words
    • 81 10 'When the economic crisis struck, we could have laid off 30 per cent of our workforce. We could have chopped heads. But we didn't. We didn't lay off a single person.' M&haleel Ariff chief executive officer of Malaysian carmaker Proton, on why being a national company means
      81 words
    • 638 10 EDITORIAL JAPANESE Prime Minister Keizo Obuchi may well be remembered by history as the man who set off the process of self-healing in the economy. The latest evidence of this came this week when the Bank of Japan's June survey of business conditions showed that selfconfidence
      638 words
    • 1116 10  -  Can once-powerful Japanese securities house become a global force again? Byi Gillian Tett FT WHEN Moody's assigned Nomura Securities a credit rating only two notches above junk-bond status recently, the Japanese broker actually "welcomed" the assessment. It was a poignant reminder of how far
      FT; FILE PHOTO  -  1,116 words
    • 931 10  -  COMMENTARY Fed directly affects the money supply short rates-that moves the economy By< Caroline Baum Bloomberg ALAN Greenspan, the coxswain of the United States Federal Reserve for the last 12 years, has about as exalted a place in history as the
      Bloomberg  -  931 words

  • COMPANIES & MARKETS
    • 483 11  -  $2m venture capital boost will speed up cloning of online model in region ahead of listing By] Kenneth James [SINGAPORE] Local awardwinning Internet startup CalendarONE.com, buoyed by a $2 million injection from Singapore Technologies Group's venture-capital arm, says it is aiming for a listing on
      ALBERT SIM KK/ST  -  483 words
    • 493 11  -  Graft probe at Hang Seng could involve some former execs, says HE report Byi Clarissa Tan [SINGAPORE] OCBC Bank chief executive Alex Au yesterday reiterated that his dealings while he was still working for Hang Seng Bank were "above board and
      493 words
    • 742 11  -  HOCK LOCK SIEW Quak Hiang Whai WHEN one of your strategic shareholders with board representation decided to cash in your stock by selling a huge chunk of shares, it can only mean two things. The shareholder no longer sees much strategic value
      742 words
    • 391 11  -  By Teh Hooi Ling [SINGAPORE] GES International, which is being grUled by the stock exchange over the sale of 10 mUlion shares by its chairman, yesterday apologised for saying that the exchange has no objection to the sale. GES said it was
      391 words
    • 330 11  - Hind Hotels sells apartment, NZ businesses for 10.4m Money will be used to fund housing devt business By* Annette Pau [SINGAPORE] Hind Hotels yesterday said it will sell its New Zealand businesses and a freehold apartment in Singapore at Grange Road for a total of $10.37 million to two separate
      330 words
    • REGIONAL COMPANIES
      • 563 12 Aussie firms form largest group on Asia Pac index, then HE, Taiwan, S'pore Bloomberg [KUALA LUMPUR] Telstra Corp, Australia's second-larg-est company by market value, and South Korea's Samsung Electronics, the world's largest maker of memory chips, are among 100 Asian stocks that will make
        Bloomberg  -  563 words
      • 337 12  -  By. Annette Pau [SINGAPORE] The newest Sesdaq debutante Asti Holdings yesterday made a respectable showing despite a slightly weaker market this week, giving investors a gain of up to 65 per cent early in the day before it
        Source: Bloomberg  -  337 words
      • 622 12 Greg Terry aims to focus Brierley on Agiai-j Australia Bloomberg, Reuters [WELLINGTON] Brierley Investments Ltd has picked a former diplomat, lawyer and investment banker to lead the investment company as it seeks opportunities in Asia and moves to shed non-per-formers in a NZ$3.6 billion
        Bloomberg,; Reuters  -  622 words
      • 429 12  -  By. Annette Pau [SINGAPORE] Asia Food Properties spin-off Golden AgriResources has netted 18.4 times subscription for its public offer tranche of 15.7 million shares at its close of offer on Wednesday. Joint managers OUB Bank and ING Merchant Bank for the local flotation yesterday
        429 words
      • 234 12 Reuters, AFX-Asia [SINGAPORE] Disk drive component maker MMI Holdings Ltd said yesterday it was proposing to issue 24.38 million detachable warrants in conjunction with a $35 million loan facility. MMI, which makes components for computer disk drives, peripherals and
        Reuters,; AFX-Asia  -  234 words
      • COMPANY Briefs
        • 31 12 [SINGAPORE] DBS Realty now has 36.03 million shares, or a 75 per cent stake, in ANA Hotels. Its unconditional offer for ANA closed yesterday.
          31 words
        • 133 12 Reuters [HONGKONG] Shangri-La Asia Ltd said yesterday it plans to part-fund its offer for its Thailand Shangri-La hotels with an interest-free shareholder's loan. The hotel group said it had received acceptances totalling about 40.17 per cent of Shangri-La Hotel Public Co Ltd in Thailand for
          Reuters  -  133 words
        • 93 12 [SINGAPORE] Omni Industries' subsidiary Microcircuit Technology has signed a memorandum of understanding with Hewlett-Packard's Integrated Circuit Business division (HP-ICBD). They will jointly develop world-class organic semiconductor substrates design solutions and jointly engage in technology development programmes for organic substrates with local industry partners and
          93 words
        • 59 12 [SINGAPORE] Magnecomp has confirmed that the company it wants to acquire a controlling interest in is KR Precision Public Company (KRP), a company listed on the Stock Exchange of Thailand (SET). Even though KRP's board of directors has unanimously rejected the offer, Magnecomp intends
          59 words
    • COMPAMIES
      • COMPANY Briefs
        • 83 13 AFP [SEOUL] Hyundai Electronics Industries Co said yesterday it had completed the much-touted acquisition of a rival South Korean firm to launch one of the world's biggest chip-making firms. LG Semicon Co Ltd is now a subsidiary of Hyundai Electronics, a Hyundai spokesman said, adding
          AFP  -  83 words
        • 87 13 Reuters [HONGKONG] Cheung Kong (Holdings) Ltd said yesterday that the Cheung Kong Group of companies had no plan or intention to place shares. The Cheung Kong Group includes Cheung Kong (Holdings), Hutchison Whampoa Ltd, Cheung Kong Infrastructure Holdings Ltd and Hongkong Electric Co
          Reuters  -  87 words
        • 88 13 Reuters [MELBOURNE] The new hybrid securities launched by National Australia Bank Ltd (NAB) made their debut on the Australian Stock Exchange at A 1101.99, up nearly A|2 from their issue price. The stapled securities, including a fUlly-paid note at A) 100 with a floating interest
          Reuters  -  88 words
      • 346 13 Bloomberg [SEOUL] Regent Pacific Group, Hongkong's only listed hedge fund, signed a preliminary agreement to buy control of Daehan Investment Trust, in its latest push to build a financial conglomerate in Asia. "Regent signed a nonbinding memorandum of understanding with Daehan,
        Bloomberg  -  346 words
      • 452 13  -  Rally also fuelled by rumour of MBf Fin merger with Multi-Purpose Bank From Ruth Wong in Kuala Lumpur PRICES of Malaysian Plantations Bhd (MPlant) shares and loan stocks surged on active trade yesterday following merger talks between its commercial bank and at
        452 words
      • 299 13 0060 service is move to combat growing competition in HE Bloomberg, Reuters [HONGKONG] Cable Wireless HKT, Hongkong's dominant phone company, will offer all its 1.7 million international direct dialing customers a cheaper service to combat growing competition. From July 11, all
        Bloomberg,; Reuters  -  299 words
      • 374 13 Sale conditional on disposal of EON stake to Proton Reuters, Bloomberg [KUALA LUMPUR] Malaysia's Hicom Holdings Bhd confirmed yesterday that state oil firm Petronas would pay seven Malaysian ringgit a share under a proposal to buy Hicom's stake in national
        Reuters,; Bloomberg; Source: Bloomberg  -  374 words
      • 300 14 Bloomberg [TURIN] Fiat, the world's No 6 carmaker, said it and Japan's Mitsubishi Motors will build a Fiat-branded sport utility, giving the Italian automaker an entry into a fastgrowing and profitable segment. Fiat will design the interior and exterior of the threedoor
        Bloomberg  -  300 words
      • 372 14 It expects explosive expansion of Net into consumer market Bloomberg [TOKYO] Fujitsu Ltd, Japan's largest computer maker, will create Japan's largest online service provider by merging Info Web, its Internet service provider, with Nifty Corp, a subsidiary it wholly acquired in March.
        Bloomberg  -  372 words
      • 442 14 Share price tumbles on fear move may presage another profit warning NYT, Bloomberg [LONDON] Ericsson AB, the Swedish telecommunications company that is the world's third-largest mobile telephone producer, ousted its chief executive on Wednesday in a surprise move only 15
        NYT,; Bloomberg  -  442 words
      • 196 14 Reuters, Bloomberg [LONDON] Morgan Stanley Capital International said on Wednesday it has launched new indices for its 15 European developed market MSCI country indices and two major MSCI European regional indices. The indices are updated at one-minute intervals throughout the trading day. The returns
        Reuters,; Bloomberg  -  196 words
      • 244 14 Reuters [LONDON] Shares in European soccer champions Manchester United rose yesterday on reports that a group of investors was to buy a chunk of the stake held by chief executive Martin Edwards. The Daily Telegraph said Bahamas-based billionaire Joe Lewis,
        Reuters; FILE PHOTO; Source: Bloomberg  -  244 words
      • 426 14 More than half of shares to go to retail investors AFP, Reuters [DUBLIN] Ireland completed its biggest privatisation on Wednesday with a 4.2 billion euro flotation (557.3 billion) of the state-owned telecommunications company in an offer that was heavily oversubscribed. The government
        AFP,; Reuters  -  426 words
    • INTERNATIONAL COMPANIES
      • 410 15 Firm benefits from increases in users and advertising on the Internet NYT [NEW YORK] Blasting away worries that the growth in Internet usage is slowing, Yahoo reported results on Wednesday for the second quarter that were well above analysts' expectations. The company, which operates the
        NYT; Source: Bloomberg  -  410 words
      • GLOBAL Briefs
        • 80 15 Reuters [LONDON] Up to 10,000 jobs will almost certainly be lost if British insurer COU Pic goes ahead with a bid for rival Royal Sun Alliance Insurance Group Pic, the Independent repented on Thursday. CGU declined to comment on Monday on the
          Reuters  -  80 words
        • 54 15 Reuters [BURBANK, California] The Walt Disney Co said on Wednesday it has agreed to settle a suit brought by its former studio chief, Jeffrey Katzenberg, who claimed over US$5OO million (SsBso million) in damages for bonuses he said he was owed. Terms of the
          Reuters  -  54 words
        • 60 15 Bloomberg [SANTA CLARA, California] Intel Corp, the largest computer-chip maker, agreed to buy closely held Softcom Microsystems Inc for an undisclosed cash price, part of its recent push into the market for communications m chips. Softcom makes semiconductors for networking and telecommunications equipment. Its chips are
          Bloomberg  -  60 words
      • 290 15 Reuters [REDMOND, Washington] Microsoft Corp said on Wednesday that four leading financial institutions, including Citigroup Inc and Bank of America Corp, have entered into agreements to market customised content on its personal finance Web site. Customers of Citigroup and Bank
        Reuters  -  290 words
      • 335 15 Burger King alleged to have copied its promotion of bigger meals for older kids Bloomberg [DETROIT] McDonald's Corp, the world's largest fast-food chain, sued rival Burger King Corp for unfair competition over the No 2 hamburger chain's promotion aimed at
        Bloomberg  -  335 words
      • 308 15 USs2.B2b earnings put company on track for record full-year results Reuters [FAIRFIELD, Connecticut] General Electric Co yesterday reported the highest quarterly profit in its history as the financing powerhouse, maker of jet engines and owner of the NBC broadcast network proved again its
        Reuters  -  308 words
    • FINANCE & COMMODITIES
      • 494 16 But BNP has to make 3 commitments on its CVG offer to Paribas investors Reuters [PARIS] BNP got the all-clear on Wednesday to proceed with its hostile bids for Societe Generale and Paribas. paving the way for France's banking watchdog to set
        Reuters  -  494 words
      • 419 16  -  By I Soh Tiang Keng [SINGAPORE] NTUC Income distributes a much higher portion of its surplus to policyholders than the insurance industry as a whole in Singapore. Also, the Insurance cooperative offers its service at a much lower cost than
        419 words
      • 268 16 Reuters AFP [LONDON] London-based HSBC pic and Spain's Banco Bilbao Vizcaya SA and Santander SA are among the confirmed bidders for Mexico's troubled Banca Serfin SNC, the Financial Times reported yesterday. HSBC said yesterday it had no comment on the report. "We
        Reuters; AFP  -  268 words
      • 422 16 But growth will not match those in Ql, say analysts Reuters [NEW YORK] Respectable trading profits, solid investment banking revenues and decent loan demand will lift second-quarter earnings at US multinational banks, although results will not top last quarter's, analysts
        Reuters  -  422 words
      • 440 16 Firm declines to confirm or deny daily's report Reuters [TOKYO] Toyota Motor will offer its own credit cards through wholly-owned Toyota Finance Corp, replacing the existing Toyota Card issued in co-operation with JCB Co, UC Card Co and Million Card Service Co, business
        Reuters  -  440 words
      • 203 16 Reuters [SINGAPORE] Singapore's Acclaim Insurance Brokers Pte Ltd is searching for potential acquisition targets after clinching a deal yesterday that made it the city state's biggest independent insurance broker, its chief executive said. "We are looking for firms to buy and I hope to be
        Reuters  -  203 words
      • 138 17  -  Reports MSCI Singapore Index Christopher Podbury, Jardine Fleming THE Singapore market ended in positive territory yesterday after three straight days of losses this week. The benchmark Straits Times Index rose 15.33 points, or 0.7 per cent, to close at 2,159.86 on the back of a
        138 words
      • 162 17  -  MSCI Taiwan fatures Juliana Loo Na Na Refco Singapore THE Simex MSCI Taiwan Stock Index futures rose slightly amid optimism that Taiwan shares might regain steam after US stocks hit another record overnight. The Taiwan Weighted Price Index surged 122.36 points on the
        162 words
      • 259 17 ENERGY REPORT Reuters [LONDON] Oil prices climbed to a 19-month high yesterday after weekly data signalled accelerating petroleum demand in the United States, the world's biggest oil consumer. London futures for benchmark Brent blend crude in early trade peaked at US$lB.6l
        Reuters  -  259 words
      • 312 17 Reuters AFP London THE US dollar gave European currencies a further pounding yesterday, rising to all-time highs against the euro and multi-year peaks against sterling and the Swiss franc. Analysts said there were few signs of inflationary pressures in the United States to weigh on the US dollar,
        Reuters; AFP  -  312 words
      • Article, Illustration
        1225 17 DfTBRBAMK CROSS RATES lm> FTr P" HK$ Ind ts tupun yw Hoi Ml HBWh >wo S$ tmt Sfr Htt HH Hmi u$$ Australia 0.979 6.178 0.655 4.295 1-281 5.179 28.*****.285 0.817 7.881 2.536 1.267 34.347 25.660 1135 4.036 1.050 21.555 24.706 0428 0.667 £2?* i w n 177 J™ 29
        1,225 words
      • 1811 17 SI COM FUTURES Jul 8 RUWO (Www desieq it 5J0p*) RSSf CMtsA«) CIom Vofcuno Open Mwtt High Low Sttt (tows) Interest A«fl» 96.00 300 Sop 99 97JO 900 Oct 99 99.25 350 No* 99 100.75 350 Dec 99 102.50 350 Jon/lMr 00 105.50 600 RSS 3 CONTRACT (US CMts/ko) Voteme
        1,811 words
    • Article, Illustration
      1345 18 AFP fl Hang Seng -3L14 HONGKONG share prices dropped 0.2 per cent yesterday on profit-taking in the absence of fresh leads, dealers said. "It was due to profit-tak-ing coupled with the drying up of liquidity," said Michael Ng, deputy managing director of Sassoon Securities. "There is a need for
      AFP  -  1,345 words
    • Article, Illustration
      579 18 n Shanghai B Index +0.66 SHANGHAI'S B shares closed up 1.3 per cent yesterday, with domestic institutions buying low-priced counters, analysts said. The Shanghai Stock Exchange's B Share Index, which tracks shares nominally reserved for foreigners, gained 0.66 points to 49.67. The A Share Index of locally traded stocks
      Source: Credit Lyonnsis Securities(Asia) Ltd  -  579 words
    • 343 18 AFP QWF Index >***** TAIWAN share prices closed 1.4 per cent higher yesterday to reclaim the 8,500-point level spurred by strong buying of technology shares on positive corporate results, dealers said. "The index opened higher and continued moving upward on buying of electronics stocks," said Samson Chueh, head of
      AFP  -  343 words
    • 2068 18 LOWOOH £ll&^SKl$t Mntilih JWI M *h 31 Group 8.07 0.13 AMay National 1154 -0.28 A 8 Foods 4.25 -0.09 A B Ports 2.97 0.01 AWanca t Laicastar 8 28 -0.26 AMad Oomacq 6.01 uneh AINad Zurich 8J2 -0.11 Anglo Aroarican Cold 43.70 unch ASOA Group 2.18 0.01
      2,068 words
    • 1611 18 n Nikkei 22S +8.78 SHARE prices in Tokyo closed marginally higher yesterday as buyers snapped up stocks of companies likely to benefit from the economy's future recovery, brokers said. Japanese exporters such as Sony Corp rose on optimism foreign investors, encouraged by record-breaking home markets, will shift funds into
      1,611 words
    • KUALA LUMPUR STOCK MARKET
      • 381 19 AFP Composite Index +7.84 MALAYSIAN share prices closed 0.9 per cent higher yesterday on light buying of blue chip issues but trading was directionless, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 7.84 points to finish at 847.36 while the Second Board
        AFP  -  381 words
      • 8200 19 MOUSTIIALS 1999 Laat Vol Day Net Cap Hlgn Law Clip any ttl> •OOP HH> law P/E >W 440 255 Ajinomoto 382 -2 7 304 380 24.2 154.B 138 48 Angkasa 134 4 594 134 126 197.6 370 220 Apollo Food Hlg 368 18 237 370 348 12.8 1472 294 115
        8,200 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 184 20  -  WARRANT WATCH -Byl R Sivanithy IF you've been foUowlng developments in the market closely, you'd know that property stocks have been out of favour for some time. Yet more and more broking firms are turning bullish on the sector, so it's only a
        184 words
      • 2053 20 BONDS, LOANS ft WARRANTS Vet Day Last Ou*«t A*« High Lew Strta Company Sale ««r- (000) High Ln Buyer XMr Prlct •04 3 r 3160 "Acer ******1 US$ 86 in 2905 87 76 86 865 T 80 4.5 s 3164 Acma ******4 55 *3 1238 55.5 48 54 55 59
        2,053 words
      • 202 20 HONMOM STOCKS Or Or On u«1 OlMt* ON OK YH Nrt M Cm wt L cniM«»y s«*» rooo) l— »wy> s—« cv >/i 365 173 5123 C0ll2000>MK 315 3t5 8 17 2.5 10.7 6O909 5124 C«th*y P*c20cMK_720 245 2.1.74 6 *****.4 5125 Cheung Konq50c MK. 1780 240 6.3
        202 words
      • 283 20 AFP HWeUington +23J8 A THIRD day of buying interest in Telecom helped fuel a healthy 1.1 per cent rise in New Zealand shares yesterday. The NZSE-40 Index was up 23.18 to 2,194.21 on turnover of NZ$9O.9 million. "The main rise is in Telecom, up 11 cents at NZSB.QS," said
        AFP  -  283 words
      • Article, Illustration
        864 20 AFP □set Index -IM6 THAI shares fell 3.8 per cent yesterday as investors pulled out of bank and finance shares fearing a new round of capital raising, dealers said. Analysts said the market fell below the support level of 500 points after Thai Farmers Bank pic announced a new
        AFP  -  864 words
      • 396 20 AFP Q Composite Index-(UJ7 SOUTH Korean share prices inched down yesterday to just below the key 1,000-point level on futures-linked selling following the expiry of July options contracts, dealers said. Rotational interest in underpriced stocks kept the support level firm but blue chips fell on futures-related sales on the
        AFP  -  396 words
      • 643 20 AFP FIaII Ordinaries ♦110 AUSTRALIAN share prices gained 0.6 per cent yesterday as a surging resources sector offset softness in the major industrials, brokers said. The Australian Stock Exchange's key All Ordinaries Index rose 19.0 points to 3,006.3. The All Resources Index was 36.2 points higher at 1,333.6 but
        AFP  -  643 words
      • Article, Illustration
        743 20 AFP Q Composite Indei -5^2 INDONESIAN share prices closed 0.8 per cent lower yesterday on follow-through selling amid a lack of fresh leads and prevailing political concerns, dealers said. "I think the market at the moment is still looking for direction. And for now political issues will remain the
        AFP  -  743 words
      • 308 20 AFP Q Manila +150 PHILIPPINE share prices rose 0.3 per cent yesterday due to prevailing low interest rates and the inflation rate, analysts said here. The Philippine Stock Exchange Composite Index rose 6.59 points to close at 2,612.18 points. Volume fell to 3.8 billion shares worth 4.7 billion pesos
        AFP  -  308 words
    • 6914 21 Transaction date .-Jul 8 I Or Of M wt Last Vai D«V Lut Quota Wv ON VM MM Caf A** B L>w StNo Company Saia COOP) High Law Buyar »a*af C'TT H P/t Im* Prtea MUITI-WOUSTRY 182 17.5 m b 1000 Acma 50c 152
      6,914 words
    • 1482 21 •M» LMt V«l Day Last Ouot. Dt» Olv YM Net C»p Avg ►*9* l— 8tW Ci—«ay ttf COOO) Law Brar 6a6or Cvr H P/I ><■■ Prtca MANUFACTURING 218 30 C 2049 AS Auto 10c 179 *4 1133 182 172 179 181 10 N 0.6 204.4 178 137 45 c
      1,482 words
    • STOCK EXCHANGE OF SINGAPORE
      • 400 22 Stoda Velum* Hotunq Inv NT5 50,900,000 Asia FoodS Prop 40,418,000 IPC Corpn 5c 28,128,000 •TanChonglnt50c 26,139,000 ICTHKIOc 26,108,000 Eagle Brand Hldgs HK75c 22,734,000 SM8 United 10c 21,336,000 *Gentlng lot 21,254,000 UanqHuatlOc 21,067,000 Republic H&R 19,783,000 Stoda SPH 83,592,464 *TanChonglnt50c 60,880,431 Asia FoodSProp 37,630,225 NOL 29,249,330 DBSForelgi 28,917,692 Hotunq Inv NTS
        400 words
      • 653 22  -  STOCKMAREET COMMENTARY First panic-buying this week in late afternoon, bnt brokers warn of possible contra selling pressure By R Sivanithy AFTER lying low for most of the day, second-liners came roaring back in late afternoon trading yesterday. AU sorts of
        653 words
      • ON THE GRAPEVINE
        • 118 22 WITH the recent boom in the Singapore stock market, we hear that karaoke lounges are also doing a roaring business. They are packing in the noveau riche who, having made a pile in the local bourse, are splurging their new-found wealth on wine, women and
          118 words
        • 66 22 SOFTWARE giant Microsoft Corporation will move its public relations account from Edelman Public Relations to Text 100, a British PR consultancy that set up in Singapore last October and specialises in technology-related companies. It handles other Microsoft accounts in Europe and India as well. In Singapore, Text
          66 words
        • 80 22 MARKET talk has it that Malaysian fast food operator KFC Holdings Bhd has found a surprising new suitor in Chemical Company of Malaysia Bhd (CCM), an agrochemical and pharmaceutical products maker. It is believed that the seller of the KFC stake is Ishak Ismail, who controls about
          80 words
        • 130 22 HONGKONG, as is well-known, means Fragrant Harbour in Chinese. These days, the Special Administrative Region of China is not content to be known only as a fragrant harbour. First, we have the government telling us it plans to develop an intelligent hi-tech complex known as the
          130 words
        • 78 22 IN its second instalment of surprises, Singapore Telecom says all users of Sing Tel public cardphones will enjoy two minutes of free calls from 12 noon this Saturday to 12 noon Sunday. After this week, there are 10 more weekends of surprises. All this is part of
          78 words
      • Article, Illustration
        71 22  -  By Ven Sreenivasan SAMUDERA Shipping has bounced back nicely from its low of 68 cents on Wednesday. The short-term RSI points to further upside and if the counter manages to establish its support at the 70-cent level, it should be well-placed to surpass the 87.5 cents high it
        71 words
  • Page 11 Advertisements
    • 40 11 B V LG A R I The Sport watch. Available in Singapore at Bvlgari, Hilton Hotel 737 1652 Takashimaya Department Store 73S 6689 and: Dickson Watch A Jewellery, The Promenade 732 8900 Ccntrcpoint 734 5822 Suntec City Mall 336 4871
      40 words

  • Page 12 Advertisements
    • 273 12 BURWILL HOLDINGS LIMITED (incorporated in Bermuda with limited liability) SHARE TRANSACTION The directors of the Company are pleased to announce that a conditional sale and purchase agreement was entered into on 30 June 1999 between Burwill Softwares Development Limited, a wholly-owned subsidiary of the Company as purchaser, and Mr. Zhao
      273 words

  • Page 13 Advertisements
    • 104 13 m .1» Vf% f J«* Internet Share Trading JjM Earn 250% mileage points in our s P ec^ promotion* for another 3 months jValid to 31 August 1999. 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
      104 words
    • 262 13 THE OF SINGAPORE I AMOUNT OFFERED SGD 600 Million I I ISSUE CODE NX99IOOS (Reopened) I I MATURITY DATE 15 JANUARY 2009 I I PRICE TO BE DETERMINED AT THE AUCTION I I INTEREST PAYMENT DATES 15 JANUARY AND 15 JULY I I FIRST INT PAYMENT DATE 15 JANUARY 2000
      262 words

  • Page 14 Advertisements
    • 104 14 ljl_ IQPC Wortdwld* Ptt Ud Presents The Biggest And Best Kid Marketing Conference In Asia C(X3) YOU WILL HEAR FROM I Microsoft c I Jollibee Fast-Food Successful marketing Restaurant to understand children as consumers 1 Kermit Channel *****-21 st July 1999 Jf 1 Rewwchand" 8 The Gfpnd Hyatt Hotel, jgMi
      104 words
    • 228 14 16 Andhika I We are a privately owned company providing integrated logistics 3 services to industrial clients in the region. We own, manage and operate a diverse fleet of 25 vessels, terminals, warehouses, stevedoring, forwarding and agency businesses. We are seeking highly-motivated professionals for the positions of:INTERNAL CONTROLLER 1 Responsibilities:
      228 words

  • Page 15 Advertisements
    • 100 15 m This announcement appears as a matter of record only. j I GOLDEN AGRI-RESOURCES LTD p (Incorporated in the Republic of Mauritius on 15 October 1996) 1 (i) Placement of 129,724,000 Singapore Placement Shares I comprising:1 a) 109,724,000 Singapore Placement Shares (other I than Reserved Shares) at US$O.O3OO each; and
      100 words
    • 795 15 I GOLDEN AGMAESLRCES LTD 1 m (Incorporated in the Republic of Mauritius on 15 October 1996) |j 8 Invitation in respect of 568,625,000 New Shares of US$O.lO each comprising:- jwj M 423,7? 5,000 International Placement Shares at USS&43BI each by way of placement; f| 95 (D Singapore Placement Share* by
      795 words

  • Page 16 Advertisements
    • 999 16 YIC? To advertise call toll tree 1800 /41 1883 I *1 A iV&IM Fa* No 741 1298 THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF QLYNWED SINGAPORE PTE LIMITED (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS (Pursuant to Section 290(2)(b)) At an Extraordinary Gerwrai Meeting
      999 words
    • 911 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SUMMA FOUR PTE LTD (In Members' Voluntery Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS (Pursuant to Section 290(2)(b)) At an Extraordinary General Meeting of the Company held at 501 Orchard Road •04-11 Wheelock Place Singapore *****0
      911 words
    • 782 16 1 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. 5# AND IN THE MATTER OF SIX-PENCE PTE LTD (lacarporated la the Republic of Singapore) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and
      782 words




  • Page 20 Advertisements
    • 70 20 Hello? I'm calling about\ f m5O happy I your advertisement in great...just like oun<^my P et trough I The Straits Times Classified... I I the ad J I The Straits Times Classified. M V° u st have the puppy... Jf 't, escr^^- going to take real goo&^ AIN 1 /^^)y—
      70 words

  • Page 21 Advertisements
    • 32 21 w« wHj finance. An» MP Klo T»l: 488 4282/4383 B«lCfc Rom HI; 282 1459/1810 BHok HI: 446 8011/8255 B«mt TIUHh T»l: 487 1818/1818 Elft Cout Til: 348 8282/8283 StPII|OOn Tel: 288 8888/8855
      32 words

  • Page 22 Advertisements
    • 3133 22 Going to trade online? You need DBS investor Online. Simply the best research. Call 323-3955 881 )BSBANK NOTICES T° advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER OF COFRETH HOLDINGS PTE. LTD. (In Mtmbwt Voluntary Liquidation)
      3,133 words
    • 477 22 THE COMPANIES ACT, CAP. M WOOOHEAD FIRTH LEE PTE LTD (Is Mtnbtn' Voluntary WMh«-Up) At an Extraordinary General Meeting of die Company held at 26-28 Chester Street. Adelaide SA 5000, Australia on 22nd June. 1999, the following special resolutions were that the Company be wound up voluntarily pursuant to Section
      477 words

  • EXECUTIVE
    • 1885 23  -  COVER STORY It's a question that has been asked as the debate over the revitalisation of the area continues, jazme ee looks at the issues involved JAIME EE NOT too long after the raging controversy aroused by the proposal to revitalise the Chinatown area,
      SIEW YAW HOONG; PHOTO COURTESY OF BRITISH TOURIST AUTHORITY  -  1,885 words
    • PERSPECTIVE
      • 791 24  -  Off the CUff by The street has a lot going for it as it is now. What it lacks is unique merchandise and mind-boggling variety, which is what makes a shopping street memorable by Jaime Ee 1 CAN'T say that I like
        791 words
      • STRAWS In The Wind
        • 83 24 IF you thought designer dog collars were a bit much, wait till you hear what Gucci has just introduced: a condom and tampon holder. The condom holder looks like a little square pouch while the tampon holder looks like a pen case with a side
          83 words
        • 65 24 READER Kay Andersson contributed this: A group of Scandinavian tour operators was taken to an elegant Thai restaurant where everyone enjoyed the spicy torn yam soup, green curry and squid salad But one guy didn't like the dessert, which consisted of sweet sticky cakes served in
          65 words
    • MOTORING
      • 867 25  -  The Megane Classic 1.4 appears rather bland on the outside but it is what's inside the car that rivals will find hard to beat reports chhjstopher tan CHRISTOPHER TAN WHILE Peugeot is best known for its super smooth ride, and Citroen its exquisite handling, the third
        867 words
    • PURSUITS
      • 769 25  -  GARDENING Some varieties of flowers give a good idea of what time of day it is and night as well By' Thien SUNFLOWERS are like Nature's own sundials, with their big, bright, yellow flowers tracking, and literally craning on their tall stalks, to follow the sun through
        CHRIS LOH  -  769 words
      • 771 25  -  COSMETICS Philosophy founder sees his beanty line speaking not only to the skin, but also the sonl as well By' Tan Su Yen YES, there is "Hope In A Bottle". Teenage acne sufferers do grow up to "Be Somebody". Take it from
        CHRIS LOH  -  771 words
      • Article, Illustration
        478 26  -  Compiled by Yasotha M THEATRE Fiddler On The Roof Adapted from the Broadway awardwinning musical, the Singapore Lyric Theatre's version will star Leow Siak Fah, Nora Samosir, Emma Yong, Sharon Ang and Hossan Leong. Directed by Roger Jenkins. Until July 11 (except for July 9), Bpm (plus matinee
        478 words
      • 661 26  -  CINEMA The problem with Instinct is that the filmmakers are aiming for gritty, primal stuff, but only seem capable of dishing np warm fogies Reports by I Susan Tsang ANTHONY Hopkins as a crazed killer in a top-security prison, refusing to communicate to anyone. An ambitious
        661 words
      • 589 26 Li&m Neeson, Geoffrey Rush prevent the film version of Les Miserable* from sliding into the forgettable LES Miserables marks Danish director's Bille August third attempt to adapt a novel using an international cast, and it's third time lucky. After the execrable The House of the
        589 words
    • EPICURE
      • 882 28  -  Lawry's serves excellent prime ribs with restrained flair matched by elegant surroundings. rahita elias finds the salad and desserts just as memorable RAHITA ELIAS POR those who equate ribs with the babyback variety served at Tony Roma's, they are in for a big but pleasant
        SIEW YAW HOONG  -  882 words
      • 690 28  -  RESTAURANT The Bouillabaise and accompanying offerings at L'Aigle d'Or will go down very well with seafood-lovers By' Tan Su Yen IT'S that time of the year when so many tourists flock to the south of France to take in its dazzling blue skies
        690 words
      • 115 28 CRAVINGS INSTEAD of heading to your favourite watering hole for i X Friday drinks tonight, how about enjoying a Balinese meal by the pool? Catch the last day of Hilton Singapore's Balinese promotion held at Tradewinds, the hotel's open-air poolside restaurant. The promotion will
        115 words
      • Article, Illustration
        80 28 CHINESE restaurants have come up with their version of a menu degustation to better cater to small groups or individual diners. Shang Palace at the newly renovated Shangri-la Hotel recently launched a five-course set meal (priced at $28 per person at lunch or $35 at dinner). These "budget
        80 words
      • 146 28 THE financial district may be a ghost town over weekends but trust a savvy businessman like Robert Chan, managing director of Top of the Plaza at UOB Plaza, to create a buzz at his establishment. Come Saturday and Sunday, the restaurant sheds its business entertainment image and turns
        146 words
      • 94 28  -  Compiled by' Tan Su Yen MARTINIS may be enjoying a revival and cigars, we are told, are best enjoyed with cognac. Now cocktail bar 5 Emerald Hill is making a spirited attempt to promote that Russian throat burner, vodka. Stolichnya vodka, now comes in what is described
        94 words
    • TRAVEL
      • 1348 29  -  Just two hours' drive from the frenetic pace of Sydney is the picturesque Hunter Valley where boutiques wines abound, reports jaimeee JAIME EE DOGS in Hunter Valley have such a great life. They get to run around on large expanses of land, help their wine-making
        JAIME EE  -  1,348 words
  • Page 23 Advertisements

  • Page 24 Advertisements
    • 92 24 SIEMENS K 1.1 11 M i instabus. The simplest, most intelligent and convenient way to manage every electrical function in your home. i 'ffijßHH&lllif? ikfc •'< instabus. The future of home automation is here today. Control your electrical appliances, lighting and security better than ever before, Do it from just
      92 words
  • Page 24 Miscellaneous
    • 156 24 CRYPTIC CROSSWORD 26 Fit a spring (4) 27 Benefits of disposing of vast wanting to go across the YESTERDAY'S SOLUTION agenda (10) bay? (4-6) i IplplblblBMslolplrUlnlol TV M 11 Money once for fragments of QMABnbfcßcililßMGMu vT." smashed rowing-boat?(6As) lunßmQ™TMA™Affl*W 1 Sell drugs to press (4) 13 Lonely woman using mari-
      156 words


  • Page 26 Advertisements
    • 145 26 Whereto wine, dine and entertain...™^ 4» m Every Saturday and Sunday pamper yourself from a* early as 12.00pm to our sumptuous High Tea Buffet of popular Asian and Western sweets and savouries at Caft Vlctarla. CALL: 330 3585 OR 330 3590 FOR RESERVATIONS C^O3N ™■rwrn.-mateot 76 Brm* Basah Road, Singapore
      145 words
    • 56 26 mm available for: private parties company dinner and dance conference seminar and meeting. HOTEL GRAND CENTRAL LIMITED 22 Orchard Road/Cavenagh Road, Singapore *****7 Tai: 737 9944 Fax; 733 3175 *aUroom oaocfog VNC tv Saturday night n July from 4i\ raffles MARINA lOTuas West Drive *****04 *Tel: 861 8000 Fax: 861
      56 words
    • 126 26 w Saturday* A Sundsyt $1»J0~* Aduft $9JO*** Odd MfclliUp $15J0***Adu* $12J0***<Md free flow of Orange jutce. Coffee and Tea For reservations, please call 433 1132 Coleman s Cafe (sth level) Peninsula Hotel (vary Salwrday and Sunday 13 loan la 4 pm Trwt your family to o sumptuous spread of ow
      126 words
    • 159 26 mmm Guest chefs from the Palm Beach Trave lodge Resort at exotic Phi Phi Island in Thailand promise to whip up a wide selection of delicious Thai disnes which will make you come back for mote! All diners will also stand to win two return air tickets to Phuket staying
      159 words
    • 134 26 .JHy|£syj|Sy^.j* Discover the Flavours Spices of India with Chef Anupam Banerjee from The Oberoi, New Delhi. s 2 to 9 July 1999 fr«»*aC Ceffeehceee Set Lunch Dinner available daily USA Enquiries: 831 6291 ManJariA [J] Wr J -i fW ax mm tm lIWITVI 333 Orchard Ro*d Stngipor* *****7 Tel: 737
      134 words

  • Page 27 Miscellaneous
    • 3086 27 TODAY'S TV RBCOMMBWDBD VIMWUkT" Premiere 12 L3O In Conversation American Cuisine. An American chef works illegally in a 2.30 PM TV Innovations. Z'\n i!!„w ay n French restaurant and falls for his boss's daughter. Watch out Robbery plans iS d™ a*™. rsaucyrela,,onsh,p R,A v thriller, though Violent, IS tures. In
      3,086 words

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  • Page 29 Advertisements
    • 65 29 IIWi WF^■■ _W 9 >■ ijH A J iVln ®K Hvp£3 b*m H ■MBap v «?Q Inli natural wonders of Darwin and its surrounds to North-South Connection today! MB&& 'jßrwl e excitin urban diversity of Adelaide. %%,iy for a touch of elegance, opulence and fine RcLtx. Indulge. Dnannr. F.nfuy. fflflrWlUff
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  • Page 30 Advertisements
    • 47 30 I=l I en czi I D r~i I=3 D I TT V.-Home. nlianana f Since 1950 f J Hotline: *****68 if* mt)S ¥ik ft ft 58 SIMGAPURA 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
      47 words
    • 197 30 mama FOR SALE PRIME FREEHOLD —1. INDUSTRIAL LAND near AIJUNB) MRT, SMS LANi 11 in J" w#a Corporal* Hte A showrooms 1 Land: apprax. 12,020 sqft ftLsn JTeT Written permission granted tor r*"°* erection of 8-storey light and I clean industrial flatted factory I \PRO P(|TY witti basement carpark at
      197 words
    • 99 30 COLLECTIVE SALE BY TENDER PRIME RESIDENTIAL SITE DUCHESS PARK to*** /k/* H Site Area Approx. 57,244 sq. ft. Tenure 999 years x /f Plot Ratio/Height Control: 1.4 Up to 4 storeys TOP SCHOOLS VERY EXCLUSIVE. 5 m n utes walk to Buklt Timah Road, Highsc*. Coronation Plaza, Nanyang Primary subject
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    • 22 30 Lost your jjg? Try finding it at Classification 821 (Found) of The Straits Times Classified. CATS. Buy h. Sdi It Find iL
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  • Page 31 Advertisements
    • 307 31 GrealLink. from Greal Eastern polenllal for good returns. Life. you the l>csl of bolli worlds* And remember* you're insured insurance and inveslmenl opportunities. w Lie you invest. So even if you lose Ifceji exibility to make your money work harder. Here's Grea iLink pi ans are like wgjrn trusts because
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    • 212 31 brought to you by Great Eastern Life oAl|o™ send in the completed coupon and you stand to Poft win this Mont Blanc- Leonard Bernstein Fountain Pen (Model *****) worth $7251 It's that easy! %UortH Please tick V I would like to know more about Great Link investmentlinked plans We hope
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  • Page 32 Advertisements
    • 61 32 HOW TO INVEST IN SHARES? (It's Simple) With Express Share Loan j YES! I would like to know more about Hong Leong Finance I Singapore Finance's Express Share Loan. J 1 6 S s"l l Hong f: eong Finan ce Ltd > Promotions Development Department, f ax U s°a t
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  • Page 34 Advertisements
    • 200 34 f Enjoy more than just high interest from a Citibank Foreign Currency Deposit; Receive Takashimaya shopping vouchers** in addition to interest on your Citibank Foreign Currency Deposit.* If you're shopping for an attractive foreign currency deposit with a little something extra, search no further. Because in addition to attractive rates
      200 words


  • EXECUTIVE MONEY
    • 1355 36  -  Ten top-performing funds in a Standard Poor's Micropal poll hail from the region, signalling that recovery is well underway, says wohowzhkomo WONG WEI KONG ASIAN equity funds raced ahead of the pack in the first half, racking up scores that should leave little doubt that
      STEW YAW HOONG  -  1,355 words
    • RESIDENTIAL PROPERTY
      • 877 30 Property transactions for districts 11 and 21 (sectors 28 to 30 and 58 to 59) lodged between Jun 7 and Jul 5. PROJECTNAME/ PROP CONTRACT TENURE BULT-M PRKE PSf STREET NAME TYPE HATE UWO AREA' (SOFT) SrOOOl (Sft District 11 Adam Rd Apt 12/04/99 FH 2530 1150 455
        877 words
      • 1045 30  -  Plush properties in Orchard and Holland will be sold at upcoming auctions but are likely to attract higher prices. &mo wam but highlights some AND WAN MAY BARGAINS are harder to come by at property auctions these days but the choice is certainly wider. In
        PHOTOS BY SIEW YAW HOONG, CHRIS LOH  -  1,045 words
    • INSURANCE-WISE
      • 1511 31  -  Investment-linked insurance plans look attractive amid markets' turnaround but they are not for the faint-hearted. Genevieve cua clues you in GENEVIEVE CUA THE prospect of reaping better returns, and in the long run, more cash out of your insurance plan upon maturity appeals to
        FILE PHOTO  -  1,511 words
    • PERSONAL FINANCE
      • 1353 32  -  With the help of a financial planner, Genevieve cua sizes up insurance plans tailored for women by Prudential and OAC GENEVIEVE CUA YOU couldn't have missed it those eye-catching advertisements of a lissome model purring in contentment because she's covered by yes, an insurance plan
        FILE PHOTO  -  1,353 words
      • 221 32  -  LETTERS C C Lee Singapore 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
        221 words
      • 172 32  -  M K Liew Singapore via Internet WHEN I apply for a housing loan and I was told that the first year interest rate is 4 per cent when will the first year be effective? Upon signing the offer letter or from the date of the
        172 words
      • 188 32 Nine bureaus at Changi airport terminals offer round-the-clock services [SINGAPORE] Homegrown Keppel Tat Lee Bank and payment card giant American Express have formed a joint venture to provide foreign exchange and other travel-related services to passengers at the Changi International Airport. The joint
        188 words
    • UNIT TRUSTS
      • 2367 33  -  UOB's new fund offers investors entry into a sector with strong companies, moderate risk and firm returns over the long term says rahxta RAHITA ELIAS UOB Asset Management's latest product, the United Global Telecoms Fund launched earlier this week, offers investors a chance to
        FILE PHOTO  -  2,367 words
      • 950 33  -  LETTER FROM LOUDON By\ Shiv Taneja The writer is an editorialfund analyst with Standard Poor's Micropal, based in London. NOT a day goes by without some report or survey on the UK property market. In the main, the message is the same: UK
        950 words
    • PERSONAL INVESTMENT
      • 719 34  -  THlf FIXER PODVT With stagnant corporate revamps and political uncertainty tempering economic cheer, Indonesian perceptions of the next six months may be the best gauge for investors By Shoeb Kagda HOW quickly perceptions change, especially when it comes to forecasting a country's economic health.
        719 words
      • 1010 34  -  the time to look at companies with a story, revamp or otherwise By. Madeleine Lee The writer was former managing director and chief investment officer of Commerzbank Asset Management Asia. IT has been a week of frantic selling in the Singapore stock market. On
        FILE PHOTO  -  1,010 words
      • 689 35  -  Past performance is no guarantee of future returns, a fund manager tells oemevxevecua GENEVIEVE CUA IT'S a trying time for investors who sat out the Asian crisis and who feel they've missed the boat on some really good buys, whether they are unit trusts
        FILE PHOTO  -  689 words
      • 271 35 BANKSRNANCE COMPARES BELOW S3000 $3000-4899 $*****999 $********** $*****1 UP DBS (Auto-Save) 1.0000 _J 2500 1.2500 1.2500 1.5000 Hong Leong Finance (Savers Plus) 1.3750 1.3750 1.3750 1.3750 1.3750 Singapore Finance (Savers Plus) 1.2500 1.2500 1.2500 1.2500 1.2500 HSBC (PowerVantage) 1.0000 1.0000 1.0000 1.5000 2 0000 Keppel TatLee Bank (MoneyMax) 1.1250 1J250
        271 words
      • 615 35  -  Continued rally will extend across whole region, says CMG By\ Rahita Elias ASIA has once again become the place for investors to put in their money although stock markets in the region have rallied significantly in the past few months, according to CMG First
        FILE PHOTO  -  615 words
      • 660 35 Sentiment is high despite mixed economic data FT [TOKYO] This summer a phenomenon has appeared in Tokyo that has not been seen for several years. For as Japan's stock markets have risen, some banks are hiring more equity analysts creating shortages of
        FT  -  660 words
      • 1363 35 D*POXt amount 1-mth 3hiH»i 8-<nth Depoeit amount 3-mth t-mth DBS Bank HSBC AS AS S10.000 A24 999 ***** 4 2500 4 3900 25.000 74.999 3 7500 3 8125 4 1875 A25 000 A49.999 4 2100 4 2700 4
        1,363 words
  • Page 36 Advertisements

  • SHIPPING TIMES
    • 125 37 Bridge News, Reuter ATLANTIC Panamaxes rates finally began to move up after almost a week of brokers predicting a rise for the end July-early Aug positions. But Asia rates softened with the short-term outlook gloomy. TANKERSi Aframaxes rates were under pressure in most sectors of the tanker market,
      Bridge News,; Reuter  -  125 words
    • 259 37 WH Ml YX CWT Distribution L47 a03 370 Chum Hup 132 0.02 1970 Cosco Invastmant 134 0.08 652 FrctaMlMu 0.45 0.03 ***** G8 Holdings LOO -0.02 1742 Hal Sun Hup 0.91 0.02 T131 IMC HoMtagi-HK 5.60 uneh 0 JiyilMdhtl 109 0.02 1165 Jurong Shipyard 8.00 -0.05 106 KWCrp
      259 words
    • 425 37  -  Labour strife at ports of Oakland, Long Beach and LA enters second day By. Marcus Hand [SINGAPORE] A strike by port workers at the US west coast port of Oakland entered its second day on Wednesday with a go-slow continuing at the two
      FILE PHOTO  -  425 words
    • PORT Shots
      • 80 37 Reuters (HONGKONG] Modern Terminals Limited (MTL) is seeking to invest HK$l.5 billion (*****.5 million) over five years in a new grouping of Chiwan and Shekou ports in West Shenzhen. Some HKJ3SO million would be invested for a 20 per cent stake in Phase n
        Reuters  -  80 words
      • 101 37 Reuters [ADELAIDE] Mobil Refining Australia Pty Ltd said a 270 cubic metre oil spill off its Port Stanvac refinery had added to pressure an the refinery's viability, but there were no current plans to close it "It is an added cost that we do
        Reuters  -  101 words
      • 47 37 Reuters [ROTTERDAM] Dutch shipping and storage groups Pakhoed NV and Koninklijke van Ommeren said they were confident European regulators would approve their planned merger since they have agreed to sell a big portion of interests in Dutch and Belgian storage terminals. —Reuters
        Reuters  -  47 words
    • 159 37  -  By S Shivani [SINGAPORE] Hongkongbased Orient Overseas Container Line (OOCL) and Taiwan's Wan Hai Lines will jointly offer a new service between North China and the Middle East, the first direct service between the regions. To be launched at the end of this
      159 words
    • 176 37 Reuters [MONGLA, Bangladesh] Unloading of foodgrains imported by the Bangladesh government started at Mongla port on Wednesday, after delays of up to 40 days, as striking coaster operators resumed work. Port officials said eight ships carrying 50,000 tonnes of grains had been stranded at Mongla,
      Reuters  -  176 words
    • 193 37  -  By Marcus Hand [SINGAPORE] Osprey Maritime is selling its 50 per cent stake in Singapore-based Thome Shipmanagement. Mainboard listed Osprey is selling its shareholding for US$4 million (556.76 million) to Olav Eek Thorstensen, managing director of Thome Shipmanagement, and an associated
      193 words
    • 701 37  -  ADMIRALTY CASEBOOK By\ Selva Kumar IN a time charterparty, the shipowner runs the ship while the charterer finds the cargo to be carried on the vessel and periodically pays the shipowner the cost of the hire. Unless the
      701 words
    • 1070 38 PORT OF SINGAPORE Singapore is developing its shipping and maritime infrastructure to complement its pure port activities Port of Singapore Magazine THE concept of an international maritime services hub is a relatively new one for the shipping industry. Although the world's great ports have often spawned
      Port of Singapore Magazine; FILE PHOTO  -  1,070 words
    • 321 38 PACE Frota 13 ANL 3 i Frt Links 14 AASCO 12 C Link 4 Accord 8 Gemartrans 6 Ahrenkiel 14 Genshpg W Appenship 5 Glory Nav 14 Austral 8 MSunHup 12 Avant u 7 B tang Mis 8 3 BSA 7 Heung-A 4 BTl M Howjti 13
      321 words
    • 21612 45 THEBUSINESSTIMES EXPORT ETA ETA Adv#rtiv»r Unuana TaUnhmu I CT A CVA A U I a tiA tiA Advertiser vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Oest'n Name Name Number Number 17/07 24/07 BTL TIGER OCEAN 385CNB B-JH1522 To ABIDJAN
      21,612 words
    • SHIPS IN PORT
      • 666 51 V«s$*l Voy No Bwth Arrive Ptp«rtur» J—I Nrt Bt Bt J«y< ***** J01 08/07/8:10 08/07/1600 *utta Saraya 2199 J03 08/07/8:6 08/07/2000 Pu 2507 1707 JW 08/07/7:40 09/07/800 Tropical 28 13*99 J03 08/07/8:50 08/07/2000 Sun Prid* t 18/99 J05 08/07/9:40 08/07/2300 M*tK» 2 ****** J13 08/07/»j0 08/07/1700 BtMH Jul-08
        666 words
      • 1746 51 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booklng/B«l«nct Rstls Ship Voy No Ctb/Btr Pirkxl From To From AcMmr *92 10/0*00 U 06/1500 06/1*59 06/1900 otmoo 01msi otmoo IA 06/1700 01/0*51 01/0100 21 06/1700 09/0*59 09/0*00 01/0700 09/1159 09A40C 4 09/1200 09/1459 09/T700 *»4 Mm* MB 10/0700 M
        1,746 words
      • 183 51 Jul 14 France: National Day. Jnl 15 Brunei: HM The Sultan's Birthday. Jul 21 Belgium: Independence Day. Aa|2 Ireland-Republic Of: August Holiday. Anf 0 Singapore: National Day. South Africa: National Women's Day. Anf 12 Thailand: HM Queen's Birthday. Anf IB Belgium: Assumption Day. Hong Kong: Slno-Japanese War Victory
        183 words
      • 766 51 THIS report, compiled by Cockett Marina OU Ltd. ahowa price range* In US dollar* lnataad of tingle price* for a more comprehenalve deecrlptlon of the market Price* ehown are baaed on average alxed item Market movement* are Indicated. The Cockett Bunker Price Index change and the
        766 words
      • 461 51 CartM IN Mai MO.6 2.0 T7.4 0.10 7S O.OS Ml DMHity K»t»r IhMm Ask AkmMw* Mum* Noo»owE2S 0 110 0 0 %MM MO AW HTJ 0J 13.2 0.06 36 0.01 tin. M0 M« 992.1 0J 19.2 0.M 1t3 0.04 Ufirt HMA %H£ mi mtm HHwM; 3
        461 words
    • AIR & LAND TRANSPORT NEWS
      • 502 52 US aircraft maker delivered 313 commercial jets in first half Reuters [SEATTLE] Aerospace giant Boeing Co said that it delivered 313 commercial jets in the first half of this year, keeping pace with its projections for a record 620 deliveries
        Reuters; FILE PHOTO  -  502 words
      • 71 52 [KATHMANDU] Rescuers look for the black box as they sift through the wreckage of a Luftthansa cargo plane on Bhasmasur mountain yesterday near Kathmandu. The Boeing 727 bound for New Delhi crashed on Wednesday moments after take-off from Tribhuvan International in Kathmandu.
        AFP  -  71 words
      • 180 52 Reuters [NEW YORK] Air Canada said yesterday that it reached a tentative contract agreement with its flight attendants late on Wednesday, just one hour ahead of a possible strike that could have crippled the country's largest airline. The carrier, which had been in
        Reuters  -  180 words
      • 327 52 USplanem&ker prevented it from supplying wings for aircraft, suit claims Bloomberg [SAN FRANCISCO] Boeing Co, the world's largest aircraft maker, is being sued for more than US$75O million (551.26 billion) by a Hyundai Group subsidiary which claims Boeing prevented it from
        Bloomberg  -  327 words
      • 300 52 AFP [MANILA] Philippine Airlines (PAL) management is in talks with key creditor US Ex-port-Import Bank over payment of debt secured by four PAL Boeing 747-400 aircraft, a Philippine government official said. The bank is seeking US bankruptcy court approval to seize
        AFP  -  300 words
      • 237 52 AFP [MANILA] German airport operator Flughafen Frankfurt Main AG is buying a stake in a Philippine firm building a passenger terminal at Manila airport, forming a strategic partnership, officials said. Philippine President Joseph Estrada, at a ceremony marking the signing of the investment
        AFP  -  237 words
      • 1863 52 CITY FII6HT ETA FUtHT E7P IH786 >605 SQ326 0950 MtMfe AM230 M50 W4586 >605 LH787 2350 LM6381 M50 S***** 1605 NZ4587 2350 socio «o sozooo 2150 W300 2B0 UMSn 23S5 Qpy 2B0 MM 2355 AmUUM $023 0705 KLM4 0040 M—ta S0W9 1645 ***** 0105 $0327 0745
        1,863 words
  • Page 37 Advertisements
    • 54 37 Port of S'pore: A one-stop shipping centre S'pore is developing infrastructure to boost its pure port activities. Page 2 We TakC ThC LOad Reliable, Efficient RELIABLE EFFICIENT ADVANCED Pelabuhan Pelepas No. 3, Jalan Sri Perkasa 1/3, Taman Tampoi Utama, *****, Johor Bahru, Johor Darul Takzim, Malaysia. Tel: +607-241 1300 Fax
      54 words
    • 22 37 Boeing on target to deliver record 620 planes in '99 US aircraft maker delivered 313 commercial jets in first half. Back Page
      22 words

  • Page 38 Advertisements
    • 1157 38 I NORTH AMERICA l_Bff>OWr I I OTHER DESTINATIONS 1 -*01 I n*a, Pt) U*GKAO MuM HOUSTO* otuao m* n* *Ixomm »c |B r purut touutu unu auH OOG MfTAM I«SH I 14/17 I 14/07 M/ 17 M/M M/M M/M M/M 11/ M TO IHN 11/17 11/ M 14/ M U/M
      1,157 words
    • 669 38 Lmes services represented fCSI; fc y Members of the Registry of j!f¥\ R^ers Accredited Shipping Agents, SgAay Association 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 MOMCA/JUUA TEL 323 4374 CONTAINERS/ CONVDtnONAI CARGO «*T UAM/SMAPORf/MMITA t
      669 words

  • Page 39 Advertisements
    • 1114 39 TO EUROPE FROM EUROPE ffiifl VOT MIiWHMIWiOIinTiIH VESSEI VOT RTM ANR HAM BtV SOU FIT IEH SO HYGENERAI 319W 12/07 29/07 31/07 03/08 28/07 NOIPEARI 0091 17/06 19/06 22/06 16/06 10/07 tIK SS4W 15/07 07/08 04/00 05/08 02/08 TYNC S2BE 20/0* 22/0* 25/0* 26/0* 14/07 warns oiow u/07 01/08 03/08
      1,114 words
    • 41 39 CONTAINER SERVICE S'PORE/JAKARTA/SEMARANG/SURABAYA VESSELVOY SPORE JAKARTA SEMARANG SURABAYA PERMAIIO443-443 1307 IVO7 17/07 PERMAIIO444-444 20/07 22/07 24/07 PERMAI *****-445 27/07 2»07 31/07 PERMAI 2 0038-038 15/07 1»07 PERMAI 2 0039-039 22/07 2M17 PERMAI 2 0040-040 2»07 02AM PERMAI 2 0041-041 05/08 09fl8
      41 words
    • 2121 39 0 HANJIN SHIPPING Ik Pi 4 Ms My* Lot Sdn *****30 HAMJIW SHIPPING ff) m LTD lny am 100*1 NO *****3S 737 SAtfS *****74 731 DOCUMENT *****71 774 OTHATWR *****50 751 MAIN LIME *****55 FU *****60 CIKO **********0 M |TO NW USA CANADA USA CANADA* ««vsi/voy IW> uneha»/vot su Sw
      2,121 words
    • 558 39 ru* L Y < T AI N I imp PIPICATfP SiIVICH rasa *or_ sin m vot sin kg m usii ms [rasa yoy I sin Ihe Ivcsa I vot i sin i in i UIKPUSAR WIS 01/07 14/07 U/07 20/0/ 21/07 1 ff Ti?'''°7i v£? lIQMAWIOUA I 012 A IMM
      558 words

  • Page 40 Advertisements
    • 1764 40 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEAN/CANADA VESStL VOY SIN LtH HTM MIR HAW BRV FU VESSEI VOY SIN GIT j SPf FOS W.C MTU HANJM SAVANNAH W0930 MO7 3( 07 BI N »07 30 07 01 08 JAPAN SENATOR W 1*430 08 07 2i 07 27 17 29 97 31
      1,764 words
    • 1009 40 MAC-NELS S PORE M'SIA PTTTJq Carrier: MN CONTR LINES, INC P oubANG: (I r) *****26 I ~J\y \*vj cm HOC **********0 C SffiU: (084) *****9 MAMLA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****11 P KELANG: (03) *****77 JKT: (21) *****45 KUCHING (082) *****1-3 MADRAS VANCOUVER MV
      1,009 words
    • 675 40 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO S PORE NSHEVA COLOMBO PKLANG CAPE CANAVERAL VIOOW 12 JUL 20 JUL 27 JUL 01 AUG TULSIOAS V.lll 19 JUL 27 JUL (3 AUG H AUG B MAS TIGA VIISW 26 JUL 03 AUG 10 AUG 15 AUG CAPE CANAVERAL VIO9W 02 AUG 10 AUG
      675 words

  • Page 41 Advertisements
    • 1566 41 VE»BEL VOY KHH HKG SIN PKO PQB DXB DMM IBA I BtK IRAN LORESTAN PCL-5110 07/07 09/07 13/07 14/07 23/07 24/07 25/07 27/07 29/07 IRANTEYFOURI PCL-5111 14/07 16/07 20/07 21/07 30/07 31/07 01/08 03/08 05/08 IRAN BAAKERI PCL-5112 21/07 23/07 27/07 28/07 08/08 07/08 08/08 10/08 12/08 IRAN SHAHRYAR PCL-5113
      1,566 words
    • 1865 41 kly Sailing to Ad*n HoMdah, 1 Djibouti (Via MmQ J I SINGAPORE'S GENERAL AGENTS: 80 RORINSON RD TEL 226 1900 FAX: *****0S OUTWARD (l/l) *****02 JOHORE OfFKECOSUR SNIPPING PTE LTD *12-00 SAUS/IKGS *****57/60 INWARD DEPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD CR NO; **********011 SINGAPORE *****8 CONVENTIONAL *****50/SS
      1,865 words
    • 654 41 pgMgm CHINA SHIPPING (GROUP) COMPANY IpS CHINA SHIPPING CONTAINER LINES CO., LTD. 1 FAR EAST EUROPE FULL CONTAINER EXPRESS SERVICE^! WESTBOUND (FIXED WEEKLY SERVICES) 1 VSL VOY XOO fIN SHA HKO |S'PO«l KTM HAM FXT -CAELEACE 2203 2fiUuo XLtu Q2JJ QiJj Q&Jul 2flJui 2SJd 3) Jul SfcA&giQHT 99Q2 QZJsd Q2M
      654 words

  • Page 42 Advertisements
    • 1344 42 EUROPEAJK/SCAWDtHAVIA/FWLAWD/^USSIA ra ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL (IGP~ I 1™? £25 212 7 K/W 04/04 E 17/W 18/W 18/08 TUX 22/08 11*7 12/07 ISnrampSCfLr il«7 ?!25 31'2J ?I2® W/M 10/ M 11/04 E RIGHT RE-039 24/08 24/06 25/08 27/06 29/06 11/07 IM7 E.
      1,344 words
    • 672 42 fsSSgPf# PACIFIC INTERNATIONAL UNES (PTE) LTD I 140 Cecil Street, #03-00 PIL Building, Singapore *****0. CR NO *****671X006 I l*»fl W m. sw ~m~ jrp m wi ia u Wi mill I ooq Mam <x» io// u/y \%n m/ 7 i/i 77* .Tr- ifc I =i"ir "i Wi jjfi W/\
      672 words
    • 616 42 (W NANTAI LINE FULLY CONTAINERISED SERVia TO MAURITIUS SOUTH AFRICA VESSEL VOY SIN PUI I DUR JNR CPT |BO WMttIVBIUS YO3SS 20/07 21/07 01/01 04/W 04/01 09/ M ■jjWWjgW VOI4S 21/07 07/01 11/tM 14/ M 14/0R IUMTAi QUEER YO34S 01/ M 17/0S 71/01 ~24/W~ Ml" H/U GOUXR DUGOU YOI3S 17/W
      616 words

  • Page 43 Advertisements
    • 426 43 BSA MYANMA wHBk FIVE STAR LINE (Myanmar National line) Loading for Yangon (Rangoon) WSSII VOY SIN PKI PEN PGU SAGAING 60W SU> PAGAN 268W SLD MALAYSIA AGENTS: lOOSTIAC SHIPPING AGENCIES KUL Ttt (03)*****00 PKL TU (03) *****01 PEN: HI (04)*****02 PGU: HI (07)*****21/4 BANK LINE (A service of Andrew Weir
      426 words
    • 1356 43 HMNE= HYUNDAI MERCHANT MARINE CO., LTD. [Vesa wr sw"| sou ta rtm ant ham tv m ivissa wrl sou I iat I trm lAm I ham I»v I m. saw /07 30/07 15/07 /07 HYBURI 3181 18/06 25/06 21/S 74/06 Tj/07 HYGENRAL 319W 13/07 29/07 30/07 01/08 04/08 TYW 5281
      1,356 words
    • 1064 43 Wallenius Wilhelmsen TO NORTH AND LATIN AMERICA "CAR RORO HEAVY LI FT SERVICE" WW RAMP HEIGHT SIN LAX OIL MM SAV BAI OtF PTff ["NFW MOt TiXAS AMOI 400 Tow 6.3 M 1W 09/08 11/ OS 21/08 23/08 25/08 26/08 2»/0l 01/09 107/09 TO«A AHO2 400 Tom 6.3 M 25/07
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  • Page 44 Advertisements
    • 1895 44 BAMOKOBC/MAP TA PHUT/LABII CHABANO JAKARTA/FAN JANG VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT f~PJN MATHU BHUM 422N 10/07 14/07 13/07 GURU BHUM ***** 09/07 11/07 XETHA BHUM" 291N 11/07 14/07 15/07 AKA BHUM* 361S 10/07 14/07 ULA BHUM 113N 13/07 16/07 17/07 ANRO JAYAKARTA* 095 10/07 13/07
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  • Page 45 Advertisements
    • 60 45 I NEW SERVICE TO: JEBEL ALI PORT SAID UtißfljQiffiH BENGHAZI TRIPOLI PLtiJI|U6yH TUNIS ALGIERS liiliVlllillH CASABLANCA Refer To Pg 6 ®Turn To Pg 14 (every mon/wecvfri) Richfield Marine jßj Agencies (S) Pte Ltd Oceanus Shipping Agency |<N^orasial Calling More Than NEW SERVICE 1500 Worldwide FR ®M ASIA TO Destinations. NORTH
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  • Page 47 Advertisements
    • 52 47 STE||~fc Dial 740-6000 on cternana —mmJ (Retrieve more schedules!) Sl£} Press-1' ~-Jp\ Select the port and key in the four digit code eg: To New York (NYC) 2275 M s jE> Key in your fax number Enter your phone number Another innovative service offered by document Will be Shipping Times
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  • Page 48 Advertisements
    • 177 48 Mflfci QS.K. Liaes.Ltd ■flfflajUM FOR EUROPE°SERVICE KE FROM: U K CONTINENT/ MIDDLE EAST TO: FAH EAST TAW SKN KKU TNU VBSB/VOY SIN lA£M CHAIANG MANILA HONGKONG KHUJNG RUBIN STELIA V3IA 25/07 M/ 07 31/07 JCDOAH/S'to/FIUSMNG/ANTWERP MED£A Vl 7B 04 08 08/ M 10/01 MUYSM- HSN (M) SON IHO TAWAU- CtfKOMIFREIGHT
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    • 236 48 I^scd^^VfYfrn!VnTT!VMT!n?K!Vn^^H SHIPPING .ill 1 4 111 i ■ivl 111 l" -I Il' [nlll I LIBYA TOBRUQ BINGHAZI MISURATA TRIPOLI LuuJ Ivcsa HAM I VOINO I ISWIWG I DM fttDP KAMI IWI ICI 18l I lIS IHI io«gm si io sfKuusT m ivo; ivoy ?yo 1 mom ?t,o; os/oo 07 aw
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    • 172 48 ESP LINES WHKLY ICI AMD Kl SERVICE mumsuKim must mSO OtTTAfiOMG. MUMS UNGCOK. HONG KONG HM—l6. MTTBtOMI lOMAT, COUMHO JAKMTA, IWA MfTWHtf, F&IXSTOWi uiom* ho (w mm. hmhwhg REGULAR CONTAINERISED INDONESIAN SERVICE vcsa/vottg stow I «r 1 sm 1 iw I at I s amm/m ggt a/n gg TIM S.(MMU»/WS
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  • Page 49 Advertisements
    • 808 49 —PmSAMUDERA shipping line ltd 72 Anson Road, Anson House *06-01 to 03, Spore *****1 CB no. **********0 D TEL; *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LIME: 535 6266 Celia/Jessica/Mei Chan/Jeslynn/Dora/lvy/Hanim 8 SLGS/WEEK EVERY 4 DAYS [VESSEL [VOY I SW I JAK IVOY
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    • 926 49 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I IMM I ISW I liW IWIWIX* I HM MTI |MF SAV I I TAW I HOU HOIGH DYKE /OtS? W/py IS/07 H/07 21/07 >1/0/ tt/07 07/00 10/01 04/ M W/W 11 09 14/W 11/W 71/ M V/M h««i —m/m»—os/io o; to"
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    • 102 49 SHIPPING WAREHOUSING let am: Singapi*v lauding IXul> M<wi u» Sal (BATAMINDO l/HI» •Vxvpung K1 X nnventKmal/fniject/HisnA Lift arpo Reefer Container lioton: Singapwe I Moil. Wed &Hi (BATAMINDO 111 Accepting KlX'imventK*ial/Pn>|ecl Heavy Ijft Cargo Tel: 227 0322 Fax: 222 9330 lolaMdo Skipping 1 Warehousing Pte Ltd 7A «—< IHI Pf *03
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    • 626 49 rr{* Singapore Soviet Shipping CPL a No iogsouoooon Multffine Shipping PL (WMK Owned S<*uAor*l No **********0 C VESSEL VOY SM KOM PNG «i KEDAH 132N 17/07 23/07 TBA 03/01 KOTARUKUN RKNO43 19/07 26/07 TM 06/01 [HOTARATU RTUOSI 31/07 TU 11/01 [VESSEL VOY SIM CALCUTTA SIM SEA SUCCESS 1 17SV 15-16/07
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  • Page 50 Advertisements
    • 625 50 I "vessel voy sin maa^sn^l SINARNUSA 99/04 09-1(M)7 15 2207 I TIGER SEA 721N 13-14/07 19-23WJ7 27 2&07 I TIGER BAY 722N 1& 17/07 2125/07 3031/07 I TIGER ISLAND 723N 20 21-07 26-30/07 03 04-08 I TIGER PEARL 724N 24 25/07 29 02/08 07 oaoB I TIGER SEA 725N 2&27/07
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    • 1013 50 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin@singnet.com. sg REMOVAL NOTICE We are pleased to inform all our clients, agents associates that with effect from 1 2th July 1999, our new address contact no. will be as follows: FREIGHT UNKS EXPRESS PTE LTD 51 PENJURU ROAD 3RD
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    • 1287 50 QQCL (Sinqoporej Pte j_td CFS Keppel Distrpk 65 Mt St OCK Ctr #42-0° *****13 Bfc 513 #01-128 t i. f J CR NO **********0H kt 372 7827 tx>okms Fa*: 438 2966 f«: 272 7825 A (Malaysia) Sdn Bhd (Reg Na *****2-U) (a f PfTALING JAVA Tel: 03-756 7776 Fax: 03-754
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  • Page 51 Miscellaneous
    • 129 51 LEGEND R Thund#r*torm T#mp«catuf« *q X\ V Show.r W.athor Wind Ar.ctton with .p..d m knot* Roin \_J Cloudy Sky Wow windt or* mdicatad by arrow* which fly with th. wind 0 On. Ml Crete r#pr#*#nt» calm oc light and vortoM. wind. W On. holt «.ch. r.pr.».nt» 5 knot. On. fuM
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  • Page 52 Advertisements
    • 175 52 OF] ©global. JOINT SERVICE FROTA OCEANICA E AMAZONICA S.A./GLOBAL TRANSPORTE OCEANICO S.A. ANNOUNCEMENT Change of General Agent in Singapore Frota Oceanica E Amazonica S.A. Global Transporte Oceanico S.A. hereby announce that they will change their general agent in Singapore from "K" Line (Singapore) Re Ltd to Harpers Shipping (S) Pte
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