The Business Times, 27 July 1999

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Microfilm: NL21515
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES 85c SING A I' O R E Internet: http://business-times.asial.com.sg/ TUESDAY, JULY 27,1999
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  • Article
    Lock icon MARKET SUMMARY
    66 1 □sn IMM7 (-50.18) BT-SU ***** (-12.83) smsci nrruiES aiuo (-i.oo) n MAIKETMOOD: mm Mixed STOCK MAKKET INDICES Monday Change KLSECOMP 776.18 -32.16 NIKKEI 17.49IJS4 -43.10 HANO SENG *****52 -227.18 SET INDEX 467.68 -18.06 JAKARTA COMP ***** -8111 MANILA COMP __1S76.12 -71.44 TAIPEI WPI 7,696.71 -128J1 SEOUL COMP *****
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  • Article
    Lock icon FINANCE
    79 1 FOBEX BATES us$ ss USS 1698 £(US$/S$ per 1.584 2.689 El'RO(US$/S$ per E) 1.064 1.789 DM 1.866 0.915 YEN 116.4 1.468* RM 1800 0.447 HKS 7.761 0J21S BAHT 3714 0.046 RL'PIAH 6,955 0.024 'St to 190 units PRIME KATES SINGAPORE* 6.80 KUALA LUMPUR 715 JAKARTA 40.00 BANGKOK 10.00 MANILA
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  • Article
    Lock icon Retail stock investors run up $300m contra losses
    342 1  -  This works out to an average of $10m loss for each broking firm, sources say By< Catherine Ong [SINGAPORE] Contra losses by retail investors in the latest round of stock market rout are close to $300 million, but substantially less than the
    342 words
  • Article, Illustration
    Lock icon Property take-up weathers share market downturn
    794 1  -  Bat developers less sanguine if ST Index continues downtrend By Eugene Low [SINGAPORE] Despite the recent downturn in the stock market, take-up rates for new property launches have barely been affected. Figures compiled by BT show that the average take-up rate during the first
    794 words
  • Article, Illustration
    Lock icon Regional bourses take a beating
    678 1  -  Jakarta worst hit, diving 5.3%; STI falls 50 points By' Ven Sreenivasan [SINGAPORE] Regional markets tumbled yesterday, with local factors adding to a host of broad concerns the likelihood of interest rates rising, the continuing China-Taiwan stand-off, policy differences between the US and Japan on
    Source: Bloomberg  -  678 words
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      127 1 maps S'pore's June mfg output •urges Pg2 Turf Chb poser Lee Han Shih has a $20 billion question for the Turf Club site in Bukit Timah, Pg4 Record Buoyed by record trading volumes, the number of dealers employed by broking firms touched a three-year high in June as dealing rooms
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      10 1 Regional market nerves, Pg 7 Stock market commentary, Pg 24
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      264 1 ■Rl i-One r|JB minus I hype M FULL REPORTS, Pgs 15 17 Good start to half-time results What a good start to the 1999 interim results season. All five companies which released their interim results last week reported higher group earnings for the six months ended June 30,1999. By the
      264 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon June manufacturing output surges 18.4%
      461 2  -  Chemicals the star performer, jumping 36.7% against May's 23.7% Hfh Jennifer Lien MANUFACTURING output maintained its strength last month, with a surge in chemicals bringing growth in June to 18.4 per cent. The latest tally means sec-ond-quarter manufacturing output grew 14.1 per cent, exceeding most
      Source: BRIDGE  -  461 words
    • Article
      Lock icon Asia to see oil demand growth but margins still bleak here: CSFB
      460 2 Reuters ASIA'S oil demand is expected to see growth of 500,000 barrels per day in 1999, up 2.6 per cent from 1998, Credit Suisse First Boston (CSFB) said in a research report. The report, made available to Reuters
      Reuters  -  460 words
    • Article, Illustration
      Lock icon SembCorp unit opens $305m petrochem support facility
      371 2  -  By. Eugene Low SEMBCORP Engineering, which owns 45 per cent of SembCorp Utilities and Terminals (SUT), yesterday opened SUT's $305 million facility on Jurong Island The facility will provide third-party support services such as utilities and waste management to chemical and petrochemical companies
      CHRIS LOH  -  371 words
    • Article
      Lock icon Why stock option gains must be taxed: MOF
      418 2  -  MATT.BAG Fong Yong Kian Director (Taxation) Ministry of Finance WE refer to Kenneth James' commentary titled "Option gains tax: go beyond deferral" (BT, July 23), expressing his views in favour of granting tax exemption on gains from the exercise of employee share
      418 words
    • Article
      Lock icon Property speculation not healthy at this time
      311 2  -  KL Wong Singapore via Internet I REFER to your report, "Redas chief: 30 per cent cap for soft launches outdated" (BT, July 21). I find it difficult to accept Daniel Teo's comment that some speculation is good for the economy. While it may
      311 words
    • Article, Illustration
      Lock icon Three biggest downside risks
      319 2  -  EYE ON THE ECONOMY Outlook By t Anna Teo VULNERABILITY to Indonesia's problems; a rise in local banks' non-performing loans; and property oversupply these are the three biggest downside risks to the economic forecasts for Singapore for 1999 and 2000, economists say. Forecasters polled by London-based
      Source: Consensus Economics Inc  -  319 words
    • Article, Illustration
      Lock icon Reuters Ventures to invest in young Asian technology firms
      536 2  -  It aims to spearhead transformation of Renters into an Internet powerhouse By' Toh Han Shih REUTERS Ventures, formed by financial information vendor Reuters just a few weeks ago, plans to invest in young Asian firms that are involved in Internet content
      ARTHUR LEE  -  536 words
    • Article
      Lock icon NTUC FairPrice's group profit jumps 45% on 9% sales rise
      307 2 SUPERMARKET giant NTUC Fair Price has chalked up a 45 per cent increase in group net profit to $72.6 million on a 9 per cent rise in turnover to $918 million for the year ended March. Its supermarket operations turned
      307 words
    • Article
      Lock icon 3-month interbank interest rate holds firm
      326 3  -  Taiwan Strait tension, likely hike in US interest rates cited as reasons for recent rise By I Siow Li Sen THE three-month interbank interest rate continues to hold firm at levels last seen six months ago as investors fret over China-Taiwan tension. The benchmark
      326 words
    • Article
      Lock icon Architects and developers welcome attic rules
      427 3  -  Byi Corinne Kerk ARCHITECTS and developers alike yesterday welcomed the revision of guidelines on the construction of attics in landed homes, adding that the simplified rules will bring about more creative roof forms. The new guidelines stipulate a height limit of five metres and
      427 words
    • Article
      Lock icon M'sia, S'pore travel agents to revive tourism council
      183 3 AFP [KUALA LUMPUR] A Malay-sia-Singapore tourism council will be reactivated by travel agents from both countries to promote tourism and related ventures, a minister says. Culture, Arts and Tourism Minister Abdul Kadir Sheikh Fadzir said the National Association of Travel Agents Singapore
      AFP  -  183 words
    • Article, Illustration
      Lock icon Pidemco bonds backed by Clearwater proceeds
      384 3  -  $100 m 3-year fixed rate bonds carry 4.75% pa coupon rate l¥ Marissa Chew IN a new twist to the securitisation game, Pidemco Land yesterday announced that it will be issuing $100 million three-year fixed rate bonds which will be backed by the sales
      FILE PHOTO  -  384 words
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      295 3 I IF YOU WANT TO BE A MILLIONAIRE, START INVESTING LIKE ONE. Personal Portfolio Fund Investing like a millionaire means getting personal investment service With Personal Portfolio Fund, your portfolio will be actively managed and active management of your investments by investment specialists, by the fund managers at HSBC Asset
      295 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon High-rise on the Turf Club site?
      624 4  -  THE PROPERTY COLUMN The 140 ha freehold site could fetch up to $20b If high-density buildings are allowed By Lee Han Shih NOW that the Turf Club has run its last race in Bukit Timah and moved to Kranji, the government is faced with
      624 words
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      613 4 4-STOREY INDUSTRIAL BUILDING NO. 11 TAMPINES STREET 32 ■■■■■■raSHiI H[ik v im IMP r«, vmmMrnil m. j. I v «^L COLLIERS JARDINE Pq gOl g Investment Sales The Great Eastern Hotel Residential Site Under instructions Iron. the receivers 4 managed No. 3A/B/C/D SA/B/C/D Surrey Road S* ISW r 1,1 if
      613 words
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      190 4 Prime Office Space For Lease (UP TP 48,00© SQ. FT*) g|7?riKiel!TiTn7[ijiliiTii»Wst3ciTn3cWTirWlToiK?KTu??ff a vA Black White Bungalows fr Apartments for Lease R. f* Looking for a home with a fascinating history and unique character and flavour? 7 i g m We have many black Till III! Ft n w h' te
      190 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Security lessons from the financial crisis
      935 5  -  ASEAN REGIONAL FORUM ART prevents the strong from taking advantage of the weak By Yang Razali Kassim THE cross-strait issue between China and Taiwan turned out to be a tense one at the Asean Regional Forum (ARF) yesterday, threatening to drag other countries into
      935 words
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      179 5 BP No. A 0285 001/1997 BPOOI Situated at Orchard Road Bideford Road I j j j Located above Paragon i| J J I 1j ft shopping centre j, I IJ j Medical suites from level 7to 13 NEpj^Kj;j: •j Office space from level 14 j Ranging from 429 sq.ft. to
      179 words
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      192 5 I 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
      192 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Petronas bonds get a BBB- from S&P
      270 6 HONGKONG Road show kicks off in Tokyo; sale seen raising USslb Bloomberg PETROLIAM Nasional Berhad, Malaysia's state-owned energy provider, has been assigned an investment-grade 888- credit rating from Standard Poor's for its sale of five- and 10-year global bonds. Petronas' first US dollardenominated
      Bloomberg  -  270 words
    • Article
      Lock icon M'sian election could be called by November
      409 6 KUALA LUMPUR Polls panel starts signing up civil servants as temps; news expected to boost stocks Bloomberg MALAYSIA'S Election Commission last week started signing up government workers as temporary staff to help conduct the country's elections, a sign that polls may be called
      Bloomberg  -  409 words
    • Article, Illustration
      Lock icon Help arrives to police E Timor voting
      43 6 [DILI] Some 900 Indonesian Mobile Brigade policemen disembarking at the port here yesterday. A ceremony was staged to welcome their arrival to reinforce police on the ground ahead of a vote on East Timor's future. AFP
      AFP  -  43 words
    • Article
      Lock icon House throws out bid to debate Perwaja charges
      341 6 KUALA LUMPUR Probe by anti-graft agency shows no evidence against Dr M, Kit Siang told Reuters MALAYSIA'S Lower House of Parliament rejected an opposition motion yesterday to debate allegations by jailed former finance minister Anwar Ibrahim against Prime Minister Mahathir Mohamad. Opposition
      Reuters  -  341 words
    • Article
      Lock icon Suharto may leave hospital this week
      175 6 JAKARTA Reuters FORMER Indonesian president Suharto was expected to leave hospital this week after undergoing intensive treatment for a stroke, the head of his medical team said yesterday. "Maybe this week," heart specialist Ibrahim Ginting told a news conference when asked when Mr Suharto
      Reuters  -  175 words
    • Article
      Lock icon Putrajaya land sales profit seen at RM400b
      241 6 KUALA LUMPUR Bridge News PUTRAJAYA Holdings Berhad, a state-owned company set up to develop Malaysia's new government administrative centre, is expected to make a profit of more than 400 billion Malaysian ringgit (Ssl79 billion) from land sales between now and 2025, Minister in
      Bridge News  -  241 words
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      1183 6 "ktLth BOUSTEAD SINGAPORE LIMITED Since 1828 NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Red Gardenia, Mezzanine Floor, Tower Wing, Shangri-la Hotel, Orange Grove Road, Singapore *****0 on Tuesday, 10 August 1999 at 10.00 a.m. to transact the following business, viz.: As
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      18 6 ~U Bfcfat 01 Your weekly fuMe to pubs and loußfH every Friday in The Mow Paper Fastads nBSCtXXS >
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  • ASIA ON THE MEND
    • Article
      Lock icon Taiwan bourse sinks on 'war' worries
      506 7  -  REGIONAL MARKET MERVBS China's scrapping of high-level talks also contributes to 1.7% fall From Macabe Keliher in Taiwan INVESTOR jitters resulted in the Taiwan stock market yesterday recording its lowest one-day turnover in four months, with the index sliding another 128.8 points, or 1.7
      506 words
    • Article, Illustration
      Lock icon Jakarta index falls through 600-point level
      586 7  -  From ShoebKagda in Jakarta FOR the first time since June 4, the Jakarta Composite Index (JCI) crashed through the 600-point level as investors fled the market on fears of interest rate hikes in the United States and a worsening domestic political situation. In line
      REUTERS  -  586 words
    • Article
      Lock icon Philippines Q2 GDP to grow 2%: Estrada
      200 7 Reuters [MANILA] Philippine President Joseph Estrada said yesterday that he was confident the country would post a year-on-year gross national product (GNP) growth of at least 2.4 per cent in the second quarter and gross domestic product growth (GDP) of 2 per cent.
      Reuters  -  200 words
    • Article
      Lock icon M'sia SC chief clarifies ringgit remark
      271 7 Reuters [LANGKAWAI, Malaysia] THE head of Malaysia's Securities Commission said yesterday that his remarks about the potential upward revaluation of the ringgit might have been taken out of context. Ali Abdul Kadir denied a news report saying that he was in favour of a
      Reuters  -  271 words
    • Article
      Lock icon Stanchart to pay more than expected for Bank Bali
      455 7  -  It's first foreign bank to get fall control oflndonb&nk From Shoeb Kagda in Jakarta DESPITE having to pay a much higher price than it originally thought, UK-based Standard Chartered Bank has become the first foreign bank to take full control of
      455 words
    • Article
      Lock icon KLSE dives 4% on rate fears, jittery regional markets
      454 7  -  Weakness due to external factors, say analysts From Ruth Wong in Kuala Lumpur MALAYSIA'S benchmark Composite Index slumped 4 per cent, its biggest one-day percentage fall since Feb 8 this year, in the face of interest rate hike fears in the
      454 words
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      102 7 NUS GRADUATE SCHOOL OF BUSINESS TICXV millennium Specialised program in investment Designed around CFA curriculum Incorporates Singapore and regional financial environment Intensive 18 months part-time Taught by well-qualified and experienced faculty I ENTRY REQUIREMENTS Forfurther information: i A good University degree Graduate School of Business Working experience and an FBA2,
      102 words
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Lock icon HK developers unlikely to be hit by higher interest rates
      707 8  -  They are now opting for fnnding from debt, equity markets instead of bank loans From Meera Tharmaratnam in Hongkong THE likelihood of higher US interest rates, with Hongkong rates following suit, isn't likely to cripple Hongkong's property developers. They have
      FILE PHOTO  -  707 words
    • Article
      Lock icon China plans 20% bank interest tax to spur spending: report
      370 8 SHANGHAI PBOC denies it, but State Council said to have approved move Reuters, Bloomberg CHINA plans to impose a 20 per cent tax on bank interest income on Oct 1 in a bid to convince consumers to loosen their purse
      Reuters,; Bloomberg  -  370 words
    • Article
      Lock icon China industrial glut seen worsening in H2
      177 8 USHANGHAI AFP OVERSUPPLY problems that have held the Chinese economy in deflation for nearly two years are expected to worsen in the second half of this year, a government forecast published yesterday said. The Shanghai News daily quoted the State Domestic Trade Bureau's
      AFP  -  177 words
    • Article
      Lock icon Investors threaten to derail China Unicom listing
      220 8 BEIJING Bridge News Reuters FOREIGN telecommunications firms are threatening to undermine a market listing by China Unicom unless it pays them millions of dollars in frozen investment and potential revenue. "Lots of us are preparing for litigation on this," said an executive whose
      Bridge News; Reuters  -  220 words
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      42 8 Vf spiff# "Ay ..*s? SJ* Vjfc\- >> <*_. <7.Ci I "i? A *1 I I w* err f _m 4; .tafi VVT '"«N .<& S C THERE IS A WAY TO SEE THE FUTURE 1 MDRE CLEARLY i I I I I 1 I I
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      316 8 THE ASIA BUSINESS FORECAST 1999 [Brought to you by Strategic Intelligence. 1 The best connected intellectual force in Asian business. J 26 August Shangri-La Hotel, Singapore Examine the future with the most They include: influential economic, political and iflfc p ro f. Paul Krugman business minds in Asia. Ford International
      316 words
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      196 9 I T_E BE—T _ANK IN ASIA AWARDS FOR EX—ELLENCE t \'v- I I'' H: v v 4k, i.* >tftfp ♦■>* ir < V ?'r f* J«f> rvr< ÜBistni tn iiij r rig M re i Only one bank can give you the solution to this puzzle. j v; I All
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  • ASIA
    • Article, Illustration
      Lock icon Creditors pump US$3.3b into Daewoo
      641 10 DAEWOO DEBACLE Move fails to calm market jitters, and Korean stocks slide 3.5% AFP, Bloomberg [SEOUL] Creditors pumped US$3.3 billion (555.6 billion) in cash into South Korea's embattled Daewoo Group yesterday as share prices here tumbled on fears over the debt-ridden conglomerate's future. The injection
      AFP,; Bloomberg; AFP  -  641 words
    • Article, Illustration
      Lock icon Australia lauded as star OECD economy
      456 10 ■SYDNEY Goldman Sachs predicts sharp gains for Aussie Neuters AUSTRALIA has been lauded as the star economy of the developed world in a US investment bank report that forecasts sharp gains for the Aussie dollar. The Goldman Sachs report Australia. Never had it so
      Neuters; Source: Bloomberg  -  456 words
    • Article
      Lock icon Police raid Nippon Credit Bank
      121 10 TOKYO AFP JAPANESE police raided the collapsed Nippon Credit Bank Ltd yesterday on suspicion that executives had covered up huge bad loans, reports said. Tokyo police and prosecutors mobilised some 130 officers to raid more than a dozen Nippon Credit Bank offices, including the bank's
      AFP  -  121 words
    • Article
      Lock icon NZ facing current account gloom
      186 10 WELLINGTON Reuters ECONOMISTS fear New Zealand's current account deficit will widen out to hit 7 per cent of gross domestic product (GDP) by the latter part of this year after the release yesterday of worse-than-expected trade data for June. They said the unexpectedly large NZ$lBB
      Reuters  -  186 words
    • Article
      Lock icon A great universe gone wrong for Daewoo founder
      564 10 SEOUL He seems fated to watch his empire disintegrate Reuters KIM Woo Choong, founding chairman of Daewoo Group, seems destined to preside over the dissolution of South Korea's second largest conglomerate, an empire that lived, thrived and may die under the elixir
      Reuters  -  564 words
    • Article
      Lock icon BOJ to maintain overnight rates at near zero per cent
      285 10 TOKYO Policy to remain until concerns about deflation recede Bloomberg JAPAN'S economy has stopped declining, yet with no immediate recovery in private demand in sight the central bank will maintain overnight interest rates at near zero per cent. Bank of
      Bloomberg  -  285 words
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      46 10 ill Kj ]|ijjil #08 ■01 Pack Pirn 9 Sum Road Singapore *****0 I m.'XJA Te( 738 ,123 6 |i nes fax: 735 3752 I First Class Facilities Exclusively Decorated I Business Hours: W. I Total Relaxationi. nam-iiu. f J The Heart Of Orchard Road t (rf
      46 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Euro posts biggest one-day gain on German growth
      368 11 I.ONDON It rises as high as U551.0703, strongest since May Bloomberg REPORTS suggesting growth is rebounding in Germany, the euro region's largest nation, helped the euro post its biggest one-day gain against the dollar. "A lot of investors have identified this as
      Bloomberg; FILE PHOTO  -  368 words
    • Article
      Lock icon Europe's power exchanges fighting for market share
      488 11 COVENTRY, England Reuters A clutch of exchanges which will trade electricity in Europe's recently-deregulated power markets, some of them not even open yet, are already fighting for market share and experts say only a few may survive in the long term. A potential
      Reuters  -  488 words
    • Article
      Lock icon German inflation up in July, seen climbing further
      480 11 WIESBADEN. Germany Traders expect ECB to raise rates by end-Ql next year Bloomberg PRICES paid by German consumers rose at the fastest pace in two years in July and factories paid more for raw materials in June, boosting speculation that the European
      Bloomberg  -  480 words
    • Article
      Lock icon Summers says US will continue to have strong dollar policy
      317 11 WASHINGTON AFX US Treasury Secretary Lawrence Summers said yesterday the US continues to favour a strong dollar. "As I have said many, many times a strong dollar is very much in the interest of the US. That has been our
      AFX  -  317 words
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      8 11 I PRIME WAREHOUSE/ I FACTORY SPACE FOR LEASE
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      181 11 smm ON REFUSE COLLECTION. RECEIVE FREE BULKY WASTE REMOVAL SERVICES OR FREE HIGH QUALITY LITTERBINS* If you're tired of missed rubbish collections Air con duct cleaning t0 minim se we have just the solution for you... f A,ways avai,a k' e or ree consultat on SEMAC's new CommercialPac. Ak on
      181 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon India pays for folly of cutting military budget
      819 12  -  THE BOTTOM LIME OPINION By Prem Shankar Jha The writer, former editor of The Hindustan Times, contributed this article to BT THERE is one place in India that has remained largely untouched by the euphoria over the Indian armed forces' success in
      819 words
    • Article
      Lock icon IN OTHER WORDS
      139 12 'If you want a global player in the Internet, they are the player. There's nobody else that comes close.' Jarett Wait chief operating officer in Asia for Lehman Brothers, which recently released a 195-page report on Softbank, the most powerful financial force in cyberspace. The bus that
      139 words
    • Article
      Lock icon Jakarta must step up asset sales
      617 12 EDITORIAL WHILE Indonesia's largest donors, now meeting in Paris, have been generous in doling out hard currency to tide the county over, it looks as if funding fatigue may be starting to set in. Having already provided more than US$7 billion (5511.9 billion) in
      617 words
    • Article, Illustration
      Lock icon Asia on the road to full recovery by 2005
      1097 12  -  Self-healing forces of market mechanism make case for bright economic outlook By' Paul Samuelson The writer is an economist at the Massachusetts Institute of Technology SIGNS of a possible worldwide recovery are increasingly visible. Stock prices have been showing some persistent
      FILE PHOTO  -  1,097 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      891 12 Democracy and Taiwan NO Chinese leader, especially at a time of domestic weakness, will want to be seen to be soft on Taiwan. But a smart and subtle China would virtually have to pretend Taiwan does not exist in the run-up to the presidential election next
      891 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Woodstock '99: the party goes on
      451 13 MUSIC The 3-day concert attracted only half of expected 400,000 people bnt featured the same iqjnries and even violence AFP [ROME, New York) Loud music, broken bones, drug overdoses, hundreds of cases of sunstroke. Woodstock '99 may have attracted only about half the anticipated
      AFP; REUTERS  -  451 words
    • Article, Illustration
      Lock icon S'pore making art its business
      1590 14  -  Susan heller amderson finds vitality on the arts scene, thanks to financial incentives and open guidelines SUSAN HELLER ANDERSON NYT IN less than five years the Singapore arts scene here has gone from invisible to explosive. With a combination of seduction and subsidies, the Singapore
      NYT; FILE PHOTO; FILE PHOTOS  -  1,590 words
    • Article, Illustration
      Lock icon Winning touch of clean taste
      659 14  -  WORLD GOURMET SUMMIT Visiting Chef Cheung at Four Seasons does traditional Cantonese cuisine proud Jaime Ee THIS week, conversations around town are peppered with remarks about the eclectic fusion, European and Japanese cuisine featured in the World Gourmet Summit. Even as visiting celebrity chefs continue
      659 words
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      222 13 Where to wine, dine and entertain., rt ®fiK2Sr ESSSSStEL Enjoy free flow of beer at $19.99nett per person (6pm to Bpm), and win another night of flow-free-beer with our coin game. On Ladies Night every Mon and Sat, house wine is at $19.99nett per bottle plus 50% off standard drinks.
      222 words
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      Lock icon Page 13 Advertisements Column 2
      51 13 V° 1" <f§§) HOTEL GRAND CENTRAL LIMITED 22 Orchard Road/Cavenagh Road, Singapore *****7 Tat 737 9944 Ext 400/02 Fax: 733 3175 M DAILY LUNCH BUFFET AT $12.00++ I Mon to Fri Lunch Dinner Sat Dinner only J I Sun A Pub. Holidays closed Free valet parking available daily, from 7pm
      51 words
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      179 13 I/Li m *k A Mi m Qa CITY THAI SHARKSfIN RESTAURANT Braised Superior Shade's Fin Crabmeat Braised Superior Shark's Fin w/Crabmeat (i Gayporper penon) Braised Whole Abalone w/Supreme Mushroom Kai-lan Sambal Pomfret Prepared n Thai Style Crispy Fried Golden Beancurd Baked King Prawn w/VermceUi m Claypot Thai Style Pineapple Rice
      179 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      1185 13 CRYPTIC CROSSWORD 5 Flora will find a rest's essen- ■BT~ HI hH Wt H 9 Withdrawing again, losing in- I f 10 terest (8) LhJ— 10 Run personal transport persistently (6) I 2 12 Resolution of porter brought 13 About to assess the value _HH__ 14 See pots being thrown
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  • COMPANIES & MARKETS
    • Article
      Lock icon Record trading volumes swell number of dealers, remisiers
      660 15  -  Whopping 90.2b shares worth $106J2b changed hands in first half By'. David Boey [SINGAPORE] Buoyed by record trading volumes, the number of dealers employed by broking firms touched a tfcree-year high in June as 3aling rooms struggled to pe with the flood
      660 words
    • Article
      Lock icon NCB help doesn't mean endorsement for i-One's product
      569 15  -  By i Catherine Ong THE National Computer Board's efforts in helping i- One.Net International to secure sites for its public kiosks do not .mean it endorses the product, its chief executive said. "The purpose was to save i-One the hassle of having
      569 words
    • Article
      Lock icon Applications for foreign currency IPOs to be in Sing $
      354 15  - Applications for foreign currency IPOs to be in Sing Teh Hooi Ling [SINGAPORE] With Del Monte Pacific setting the trend, all future applications for foreign currency initial public offers will be done in Singapore dollars. DBS Bank managing director for capital markets Kan Shik Lam said this would eliminate the
      354 words
    • Article
      Lock icon Strike prices IPO at 19 cents
      253 15 [SINGAPORE] Strike Engineering launched its initial public offer yesterday of 42.5 million shares at 19 cents each for a listing on Sesdaq. The home-grown mechanical and engineering (M&E) specialist said the total share offer, which will raise a net $7.3 million, has been split
      253 words
    • Article
      Lock icon LHT closes trading debut with 58% gain
      231 15 [SINGAPORE] Punters who sold their LHT Holdings shares yesterday could have netted as high as a 65 per cent premium when the stock rose to 30.5 cents, before it settled to close at 28.5 cents (or a 58 per cent gain) on its
      231 words
    • Article, Illustration
      Lock icon Parkway sees much better results this year
      510 15  -  More business, cost-cutting will bear fruit: MD Byl Rahita Elias [SINGAPORE] Parkway Holdings, which is moving into telecommunications-based healthcare services, will report half-time results which are in line with market expectations, said managing director Tony Tan yesterday. According to analysts poUed by Barra
      ARTHUR LEE  -  510 words
    • Article
      Lock icon Giordano's success amid recession is no mean feat
      688 15  -  HOCK LOCK SIEW Meera Tharmaratnam PEW retailers have succeeded as well as Giordano Holdings in reces-sion-hit Hongkong. The company, which sells clothing much in the style of US specialty clothier Gap, is enjoying brisk business in most of its stores. That's no
      688 words
    • COMPANIES
      • Article, Illustration
        Lock icon NatSteel Electronics not making Apple's iBooks
        377 16  -  Analysts generally indifferent to news; notebooks not big volume items By J< Jennifer Lien [SINGAPORE] Contract manufacturer Nat Steel Electronics (NEL) has confirmed that it is not involved in the manufacture of Apple Computer's hot new consumer notebook computer. The news may have caused
        Source: Bloomberg  -  377 words
      • Article
        Lock icon OCBC Foreign down 33% from peak
        665 16  -  It loses almost all ft*™ this year as investors wait for mgt to deliver By! Siow Li Sen [SINGAPORE] OCBC Bank Foreign has almost retraced all its gain in share price this year, signalling the end of its new management's honeymoon with investors. OCBC
        665 words
      • Article, Illustration
        Lock icon Telstra share offer draws keen interest
        84 16 [SYDNEY] Aidon Naughton taking a callfrom a potential Telstra share buyer on a special hotline which was inundated with calls from thousands of Australians registering their interest in buying Telstra shares yesterday. The government expects the float of 2.13 billion shares to be the
        AFP  -  84 words
      • Article
        Lock icon Telekom's Clob plan won't be a distraction: CEO
        581 16 Shares will be professionally managed in a special purpose vehicle Reuters [LANGKAWI, Malaysia] Telekom Malaysia Bhd said on Sunday that its plan to buy over Malaysian shares formerly traded on Singapore's Central Limit Order Book (Clob) will not distract the company from
        Reuters  -  581 words
      • Article
        Lock icon SPC in worldwide search for a new chief executive
        374 16 [SINGAPORE] Singapore Petroleum Company (SPC), which was one of the first government-linked companies to hire a foreigner to head its operations, is once again searching the world for a new chief executive. This follows the proposed retirement of J J Rinck
        374 words
      • Article
        Lock icon BBR Hldgs, Chuan Hup in 2 separate property deals
        257 16 [SINGAPORE] BBR Holdings and Chuan Hup Holdings yesterday announced separate property deals, with the former moving into property development and the latter, buying out its partner. BBR Holdings yesterday said its maiden property project would be to develop a plot at
        257 words
      • Article
        Lock icon 'Mistake' triggers general offer for Winsor Properties
        168 16 [SINGAPORE! USI Holdings, a Hongkong-listed Wing Tai Holdings associate, and another Hongkong-based company have made a general offer for Hongkong-listed Winsor Properties Holdings after USI Holdings exceeded the takeover trigger point of 35 per cent by "mistake". The offer was made over the
        168 words
      • Article, Illustration
        Lock icon Pac Century Group, institutions buy 5m PCRD shares
        278 16  -  By< Catherine Ong [SINGAPORE] Pacific Century Group, the private company of Richard Li, and several institutional investors yesterday bought five million shares in Singapore-listed Pacific Century Regional Developments (PCRD) that were placed out for Indonesian businessman Edward Soeryadjaya, sources said. Confirming the
        Source: Bloomberg  -  278 words
      • COMPANY Briefs
        • Article
          Lock icon Deadline for Rothmans shareholders
          77 16 [SINGAPORE] British American Tobacco Singapore Investments yesterday said that it had received valid acceptances for its cash offer for 93.5 per cent of the share capital of Rothmans Industries. Shareholders of Rothmans who have not accepted the offer have up to 3.30 pm today to do
          77 words
        • Article
          Lock icon Jack Chia-MPH appoints new chairman
          53 16 [SINGAPORE] Jack Chia-MPH has appointed lawyer Chelva Retnam Rajah as chairman of the company, the company said yesterday. Management of Jack Chia-MPH is being passed into the hands of property dealmaker Simon Cheong, who will be buying a 38.6 per cent stake through two companies
          53 words
        • Article
          Lock icon GES ties up with Shanghai company
          45 16 [SINGAPORE] GES International announced it has entered into a memorandum of understanding with a listed company in Shanghai to set up a Joint venture for personal computer manufacturing, distribution and e-commerce business. GES did not name the Shanghai company.
          45 words
        • Article
          Lock icon GPE takes stake in Tianjin Jinyu
          72 16 [SINGAPORE] GPE Industries said it has subscribed for a 20 per cent interest in a joint-venture company, Tianjin Jinyu Electric Co. through a 50 per cent-owned unit Furukawa GP Auto Parts (HK) Ltd. Furukawa will pay 3.46 million renminbi (*****,000) for the 20 per
          72 words
        • Article
          Lock icon Samsudin buys 11.7% in Cosway
          79 16 [KUALA LUMPUR] Businessman and Finance Minister Daim Zainuddin's protege, Samsudin Abu Hassan, plans to buy an 11.7 per cent equity in direct marketing and personal care products maker Cosway Corp Bhd from Berjaya Group for 84 million Malaysian ringgit (5537.5 million) or at RM2.10 per
          79 words
        • Article
          Lock icon Datacraft signs deal with Samsung
          44 16 [SINGAPORE] Datacraft Asia said that it has signed an agreement with Korea's Samsung Electronics Co to market, distribute and support Samsung cable television network digital modems, ADSL modems and Internet video phones. The agreement will last for three years.
          44 words
    • CORPORATE FOCUS
      • Article, Illustration
        Lock icon From cash crunch to IPO darling
        1250 17  -  i-One.Net's phenomenal debut on the mainboard came barely six months after it was in CPF arrears By" Catherine Ong [SINGAPORE] LESS than six months ago, i-One.Net International Ltd, or Xpress Print as it was then called, was facing such a severe cash crunch it
        FILE PHOTO  -  1,250 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Giordano's interim net profit soars over six-fold
        456 18  -  HKsl32m is more than it made in whole of 1998 From Meera Tharmaratnam in Hongkong CLOTHING retailer Giordano Holdings recorded strong interim results yesterday, with net profits up more than six-fold to HK$l32 million (5528.9 million) for the half-year ended June 30 and
        456 words
      • Article
        Lock icon IBM challenges EMC with new data-storage line
        461 18 Strategy is higher-performance but cheaper systems NYT [AßMONK, New York] International Business Machines Corp is making a bid to regain its leadership position in the high-performance end of the data storage business with the introduction yesterday of a new generation of big disk
        NYT  -  461 words
      • Article
        Lock icon NTL to buy CWC cable TV unit for £8.2b
        261 18 Bloomberg [LONDON] NTL Inc, backed by France Telecom SA. agreed to buy the cable television business of Cable Wireless Communications Pic for £8.2 billion (Ss22 billion) in cash, stock and assumed debt, positioning itself as the dominant cable operator in Britain.
        Bloomberg  -  261 words
      • Article, Illustration
        Lock icon Philips, LG ink US$1.6b deal
        107 18 [SEOUL] Royal Philips Electronics chairman Cor Boonstra (left) and LG Group chairman Koo Bon Moo holding up a contract on business tie-ups at a signing ceremony here. A unit of Royal Philips Electronics NVtied up with South Korea s LG Electronics Inc to form the
        AFP  -  107 words
      • Article
        Lock icon HKFE electronic trading delayed
        301 18 Test ran fails on excessive volume of index futures trading Bloomberg [HONGKONG] The Hong Kong Futures Exchange (HKFE) has delayed the scheduled Aug 2 start of an electronic trading system for Hang Seng Index futures after it failed during a test run. During last Saturday's test,
        Bloomberg  -  301 words
      • Article
        Lock icon 8 banks in Siemens' 25b mark asset sale
        427 18 Proceeds to be invested in more profitable businesses Bloomberg [LONDON) Siemens AG has hired eight investment banks to oversee Germany's biggest corporate reorganisation, involving asset sales valued by analysts at about 25 billion Deutschemarks (5522.8 billion). Siemens said it hired Merrill Lynch
        Bloomberg  -  427 words
      • Article
        Lock icon Microsoft, AOL fall out over instant messaging services
        323 18 FT [SAN FRANCISCO] An online war raged over the weekend as Microsoft and America Online (AOL) engaged in a tit-for-tat battle in cyberspace over their respective "instant messaging" services. Engineers from the two companies worked around the clock to counter each other's
        FT  -  323 words
      • COMPANY Briefs
        • Article
          Lock icon NTT buys 49% stake in HK Net
          69 18 Reuters [TOKYO] Japanese telecoms giant Nippon Telegraph and Telephone Corp (NTT) took a stake in Hongkong's second-biggest Internet provider yesterday, accelerating its expansion into Asia's data services business and opening a window on China's vast telecoms market. The former government monopoly said NTT
          Reuters  -  69 words
        • Article
          Lock icon Mannesmann eyeing Telekom network
          48 18 Bloomberg [DUSSELDORF] Mannesmann AG, an engineering firm which owns Germany's No 1 mobile phone network, yesterday said it wants to acquire parts of Deutsche Telekom AG's cable network to break the dominant phone company's control over direct connections into customers' homes and offices. Bloomberg
          Bloomberg  -  48 words
        • Article
          Lock icon Consumer Windows test version out
          66 18 Bloomberg [REDMOND, Washington] Microsoft Corp said it was releasing yesterday the first test version of Consumer Windows, an upgrade to the Windows 98 computer operating system aimed at the home market that's scheduled to go on sale in 2000. The test version will be sent
          Bloomberg  -  66 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Futures follow cash market down sharply
        225 19  -  SEMEX Reports MSCI Singapore Index Daphne Tay, Jardine Fleming SINGAPORE stocks contin lied their recent downtrend yesterday as investors shunned the market owing to rate hike concerns and pending the release of interim results from local companies starting from today. The rise in Singapore's
        225 words
      • Article
        Lock icon Futures succumb to heavy selling pressure
        185 19  -  MSCI Taiwan futures Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract tumbled amid concerns over the ongoing tension between China and Taiwan. The July 1999 contract opened low and then fluctuated around the 333 level. Heavy selling pressure emerged in
        185 words
      • Article
        Lock icon Oil retreats but unrest in Nigeria lends support
        260 19 ENERGY REPORT Reuters [LONDON] Oil prices slipped from 20-month highs yesterday as dealers pocketed profits from a rally stoked by fresh confidence that Opec (Organisation of Petroleum Exporting Countries) will keep tough curbs on supply. Brent crude was 18 cents lower at
        Reuters  -  260 words
      • Article
        Lock icon CURRENCY REPORT
        331 19 Reuters London THE US dollar shed over one per cent against the euro in Europe yesterday, falling to two-month lows amid growing expectations of an economic pick-up in Germany. It also fell to five-month lows on the yen as the Bank of Japan refrained from stemming the yen's
        Reuters  -  331 words
      • Article, Illustration
        Lock icon Untitled
        1251 19 INTERBANK CROSS RATES .h,HH A$ CS BmD Euro Ffr Dm HK$ Ind Bs Ruptah Yen Won RM WZS Pah Bs Peso S$ Rand Sfr WT$ Baht Pound US$ Australia 0.979 6.178 0.617 4.049 1.207 5.049 28.*****.242 0.757 7.860 2.472 1.227 33.481 24.919 1.104 3.984 0.*****.998 24.293 0.411 0.651 Canada 1.021
        1,251 words
      • Article
        Lock icon Untitled
        1845 19 S1C0M FUTURES Jul 26 RUBBER (futures closing as at 5.30pm) RSS1 CONTRACTUS cents/kQ) Close Volume Optn Month High Low Sett (tonnes) Interest Aug 99 93.00 350 Sep 99 95.75 300 1200 Oct 99 98.00 300 Nov 99 99.50 300. Dec 99 101.25 300 Jan/Mar 00 104.25 300 RSS 3 CONTRACT
        1,845 words
    • Article, Illustration
      Lock icon HONGKONG
      1480 20 AFP CI Hang Seng -227.18 HONGKONG share prices fell 1.7 per cent yesterday due to fears of higher US interest rates, dealers said. "The markets in the region also fell since the issue of US interest rates is sensitive to the region," said Michael Ng, deputy managing director at
      AFP  -  1,480 words
    • Article, Illustration
      Lock icon CHINA
      609 20 AFP, Reuters n Shanghai B Index +0.30 SHANGHAI'S B shares closed up 0.6 per cent yesterday with domestic institutions supporting the bourse by buying Pudong-related stocks, analysts said. The Shanghai Stock Exchange's B Share Index, which tracks shares nominally reserved for foreigners, lifted 0.30 points to 47.83 points. The
      AFP,; Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  609 words
    • Article
      Lock icon TAIPEI
      336 20 AFP QWP Index -***** TAIWAN share prices closed 1.7 per cent lower yesterday in thin trading over reports that a planned visit by Beijing's chief Taiwan negotiator Wang Daohan has been called off, dealers said. The market opened down almost one per cent as investors feared that tense crossstrait
      AFP  -  336 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2321 20 LONDON Industrials Jul 23 PwinO 3i Group r ..7.98 -0.06 Abbey Nationa MM 0.12 A B Foods 4.04 -0.01 A B Ports 3.00 unch A straZeneca 22.40 -0.24 Alliance Leicester 8.35 0.12 Allied Domecq 5.58 -0.10 Allied Zurich 7.27 -0.13 Anglo American Gold 43.70 unch ASDA Group
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    • Article
      Lock icon TOKYO
      1668 20 AFP □Nikkei 225 -4110 TOKYO'S key stock index closed 0.2 per cent lower yesterday on late profit taking after investors had earlier hunted for blue chip bargains following last week's declines, brokers said. The Nikkei Average of 225 selected issues dropped 43.10 points to end at the day's low
      AFP  -  1,668 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon KLCI plummets below 800-point level
        449 21 AFP CI Composite Index -32J6 MALAYSIAN share prices plummeted 4 per cent yesterday led by continued program-selling and profit-taking as regional bourses weakened, dealers said. The Kuala Lumpur Stock Exchange Composite Index (KLCI) fell below the 800-point support level to finish at 776.18 points, down
        AFP  -  449 words
      • Article
        Lock icon Untitled
        8754 21 INDUSTRIALS Consumer products 1999 Last Vol Day Nat Cap Hlqh Law Company Sata 'OOP Hm> Low P/C $w> 440 255 Aiinomoto 322 -42 1 322 322 20.4 130.5 174 46 Angkasa 120 19 856 135 115 176.9 404 220 Apollo Food Hlg 320 -48 47 350 320 11.1 128.0 294
        8,754 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Lock icon Untitled
        2265 22 BONOS, LOANS WARRANTS m 52-Wk Last Vol Day Last Ouote a»ij MK)h Low stfto Company Sal* *or- COOO) Htqh Law Buyar Sallar Price 104 3 5 3160 "Acer *******1USS 40.5 371 46 40.5 40.5 41.5 80 4.5 3164 Acma W*****4 36 -2 219 39 36 36 36.5 40 59 16
        2,265 words
      • Article
        Lock icon KepLand wrt: strong upside seen
        214 22  -  WARRANT WATCH By Ven Sreenivasan WITH the market down almost 20 per cent from its highs, this is the perfect time to pick up the warrants of fundamentally strong companies with strong growth potential. One such instrument is the Keppel Land warrant, which expires in
        214 words
      • Article
        Lock icon CLOB INTERNATIONAL
        223 22 HONGKONG STOCKS Or Or 52-Wk Last Vo» On LMt Ouott (Mv (Mv VM Net M Cap High Low Stno Company Sa* COOP) HtgK Lo« Buyw SaHar H Cw P/C SmM 365 173 5123 COL (2000) H« 315 300 315 8 3.7 2.5 10.7 6096 9 5124 Cathay Pac
        223 words
      • Article
        Lock icon WELLINGTON
        288 22 AFP CI Wellington -5.62 NEW Zealand share prices closed yesterday down 0.3 per cent on very light trading, dealers said. The NZSE-40 Index finished 5.62 points lower at 2,180.49. Turnover was just NZ549.3 million from NZ$72.B million on Friday. AFP MM MS <0001 Advantage HOS 2.63 -0.02 91 Air
        AFP  -  288 words
      • Article, Illustration
        Lock icon BANGKOK
        860 22 AFP Q SET Index -18.06 THAI shares plunged 3.8 per cent yesterday with investors deciding Thai banks are still in trouble from mounting non-performing loans, dealers said. An analyst with a local brokerage said investors continued selling in the afternoon after prices failed to hold on to the 460-470
        AFP  -  860 words
      • Article
        Lock icon SEOUL
        420 22 AFP PCwmwate Index -32.02 SOUTH Korean share prices tumbled 3.5 per cent yesterday amid a foreign selloff sparked by the financial crisis afflicting the Daewoo Group, dealers said. "The government's moves to stabilise the financial market did not calm overall sentiment," an SK Securities analyst said, calling for more
        AFP  -  420 words
      • Article
        Lock icon SYDNEY
        664 22 AFP Q ill Ordinaries -17 J AUSTRALIAN stocks closed down 0.6 per cent yesterday as investors stayed away, brokers said. The Australian Stock Exchange's benchmark All Ordinaries Index finished down 17.9 points at 3,052.3. The All Industrials Index closed down 33.4 points at 5,315.3, while the All Resources closed
        AFP  -  664 words
      • Article, Illustration
        Lock icon JAKARTA
        728 22 AFP P Composite Index -33J1 INDONESIAN shares dived 5.3 per cent yesterday after members of the National Election Commission failed to ratify the results of the June 7 polls, dealers said. An analyst with Harita Kencana Securities said the stock market had been nervous since the morning, a factor
        AFP  -  728 words
      • Article
        Lock icon MANILA
        341 22 AFP n Manila -7L44 PHILIPPINE share prices fell 3 per cent yesterday on regional concerns, including tensions between Taiwan and China, amid a dearth of fresh economic news at home, brokers said. The Philippine Stock Exchange Composite Index plunged 71.44 points to close at 2,376.12. Volume reached 1.7 billion
        AFP  -  341 words
    • Article
      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      7368 23 Transact ion date: Jul 26 Cf Or M Wt 52-Wk List Vol Day Last Ouota Dtv 0l» YM Net Cap Avg High Low StHo Company Sala COOO) High Low Buyer Sailor H C'w PIt JmH Prlco MULTI-INDUSTRY 182 17.5 m b 1000 Acma SOc
      7,368 words
    • Article
      Lock icon SESDAQ
      1551 23 6r Cf M Wt 52-Wk Last Vol Day Last Ouot* Dtv Dtv Yld Nat Cap Av« Ht» Law St No Company SaK COOP) High Low Buyar S—f H C'vr P/t Smil Prtca MANUFACTURING 218 30 e 2049 AS Auto 10c 152 -13 764 166 151 152 153 K> N
      1,551 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Lock icon Untitled
        409 24 Stocks Voluim LHT Hldqs 10c 58,917,000 Asia Food&Prop 13,772,000 Golden Agri USIOc 13,299,000 Hotung Inv NT5 13,067,000 •Genting Int 8,605,000 IPC Corpn 5c 8,174,000 PacificCentury 6,794,000 SingTel 15c 6,772,000 Pertama 25c 6,689,000 NOL 6,441,000 Stodn SPH 65,798,973 OBS Foreign 54,056,931 OCBC Foreign 42,378,661 SIA Foreign 36,863,031 OUB Foreign 32,649,251 PacificCentury
        409 words
      • Article, Illustration
        Lock icon Caution reigns on rate jitters, ahead of interim results
        596 24  -  STOCK MARKET COMMENTARY Ponds concerned about region's near-term ontlook; market hits 2-month low but volumes are relatively low By Ven Sreenivasan SINGAPORE stocks fell to their lowest levels in almost two months, weighed by interest rate and currency market jitters. The
        596 words
      • ON THE GRAPEVINE
        • Article
          Lock icon Standing up for Singapore
          96 24 AT a recent high-level business conference, the speaker demonstrated the "intelligent search" capabilities of an Internet search engine by searching for "the national anthem of Singapore". Sure enough, the Web program zeroed in on an appropriate site and soon the strains of Majulah Singapura wafted through
          96 words
        • Article
          Lock icon Million dollar "babies"
          108 24 INTERNET-related plays that have leveraged on punters' sudden affection for ".com" and e-commerce spins have recently helped the value of some counters soar through the roof. One of these is local publishing house, Panpac Media.com, which publicised its plans to aggressively expand its presence in cyberspace. Furious
          108 words
        • Article
          Lock icon Bali good idea
          119 24 FANCY partying your way into the millennium on the Island of the Gods? For those who do, Sheraton offers five-night packages at its "Unmask the Millennium" party on Dec 31. Guess the hotel figured party-goers will probably need that many nights to recover from the hangover! The
          119 words
        • Article
          Lock icon Have you been (Darth) Maul-ed?
          85 24 WOULD you classify this as an example of good entrepreneurship, we wonder? Kids were among Star War fans in the UK who have apparently been asked to fork out £15 (SS4O) for the autograph of Darth Maul that masked and horned baddie in Episode One:
          85 words
      • Article, Illustration
        Lock icon HOT STOCK
        74 24  -  -By Wong Wei Kong NEPTUNE Orient Lines shares fell 2 cents to $1.92 yesterday on a volume of 6.4 million shares, compared with its 10-day traded average of 6.9 million units. The technical indicators, such as the RSI, Stochastics and MACD charts, suggest that the stock is reaching
        74 words
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      3 18 1 TODAY©**^**. [LianheZaohao
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      Lock icon Page 18 Advertisements Column 3
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      Lock icon Page 18 Advertisements Column 4
      34 18 Classified First. Want a home with a sea view? Or simply seeking a new nest? Make the right move: Check The Straits Times Classified First. I CAT A l I Bay H MI ML
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      148 25 Bridge News, Reuters TANKERS: THE pace slowed right down on the tanker market with new business in very short supply and little activity reported for the big ships from the Persian Gulf. There was double the amount of very large crude carriers (VLCCs) booked from Persian Gulf than
      Bridge News,; Reuters  -  148 words
    • Article
      Lock icon MARITIME STOCKS
      272 25 so Mlt S$ Vat CWT Distribution 1.35 unch 12 Oman Hup 121 0.04 628 Cotco liwastinant—1.28 0.02 82 FraiqM Links 0.36 -0.02 3188 GB foldings a 90 -0.04 148 Hal Sun Hup 0.77 -0.02 521 IMC HotoHngs-HK —5.60 imch 0 Jaya Holdings 0.96 0.01 359 Jurong Shipyard 7.75
      272 words
    • Article, Illustration
      Lock icon Ailing Philippine shipping lines seek rate hike
      506 25  -  Domestic shipowners say increase necessary for survival From Alec Almazan in Manila [MANILA] Reeling from combined losses of 1.7 billion pesos (5575.24 million), the Philippine domestic shipping industry is asking maritime authorities to allow them to increase freight and passenger rates by 21.75
      FILE PHOTO  -  506 words
    • PORT Shots
      • Article
        Lock icon Brostroms unit renews BP contract
        89 25 [LONDON] The contract of affreightment between BP and BrostromB subsidiary United Tankers has been renewed. Worth some US$ll.6 million (5J19.6 million) per year, the deal will involve up to four of Brostroms' ten 12,000 dwt to 16,000 dwt tankers shipping between 1 million and 3
        89 words
      • Article
        Lock icon Ferry's wake may have caused death
        93 25 [LONDON] The wake produced by Stena Line's 40-knot 19,638 gt Stena Discovery, the largest fast ferry in the world, may have swamped a 33-ft fishing boat, drowning a 47-year-old man off the coast of the UK. According to Denis Hayman, who owns the recreational
        93 words
      • Article
        Lock icon Faster transatlantic service
        46 25 [LONDON] Container shipping line Cast will be cutting transit times on its Montreal-Le Havre route by three days with the introduction of faster ships. Two of the three new 1,800 TEU vessels enter service in August; the first began operating on June 20.
        46 words
    • Article
      Lock icon Lloyd Triestino resumes service to China on Aug 4
      205 25  -  By I S Shivani [SINGAPORE] Italian shipping line Lloyd Triestino is ready to re-enter the Chinese market after a 12-year absence. Its new service will sail from Qingdao to Shanghai, Ningbo, Hongkong, Singapore, Gioia Tauro, Rotterdam, Bremerhaven, Thamesport and finally Antwerp
      205 words
    • Article
      Lock icon Seminar on piracy to focus on legal framework
      274 25 [SINGAPORE] Following the dramatic rise in piracy incidents in the Singapore Strait in the first half of the year, the Singapore Shipping Association (SSA) is holding a oneday seminar on the issue in October. The seminar, organised in conjunction with the Singapore
      274 words
    • Article
      Lock icon Philippines trying to contain oil spill
      171 25 AFP [MANILA] The Philippine coast guard yesterday was rushing to contain the spread of some 450,000 litres of oil that spilled after a local tanker went down off the coast of Manila, a spokesman said. "The Philippine coast guard is rushing to raise the
      AFP  -  171 words
    • Article, Illustration
      Lock icon Engine deal stirs controversy
      808 26 BOEING CO Some customers, such as BA, are upset by airline maker's exclusive engine pact with GE for its long-range 777 Bloomberg [LONDON] SOME of Boeing Co's biggest customers have criticised the planemaker's decision to award General Electric Co exclusive rights to develop a new engine
      Bloomberg; FILE PHOTO  -  808 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      188 26 PACE Djjk Lloyd 8 ACL 6 Dongnama 3 ANL 3 ECU Line 6 Accord 8 tCL 4 Ap pen ship 5 Ewr reefl 6 Austral 8 ToCM>Um 8 Baiaji Shpq 5 GL 4 Gemartrans 6 i COM Heung-A 4 CMA 8 Hyundai 7 COSCO 5 ICFS 3
      188 words
    • Article
      Lock icon SHIPPING GUIDE
      19544 33 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 04/06 30/08 Kien Hung KUOCHIA KUWS 65 22V133 To ABIDJAN (ABJ) 2003 Cot* D'lvoire 06/08 01/09 cosco ever grace ooo3w ts 2»noo
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    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        770 37 Vessel Voy No Berth Arrival Departure SPCCapricor 40)099 1n2 26A)7/19^)0 *«M«o FEB-99 J12 26/07/7:20 26/07/2300 P» 2507 1907 J10 26/07/7:40 27/07/8:00 Dong Yih T***** J14 26/07/7:40 29/07/23:00 Tropical 28 MA99 JOB 26/07/9*15 26/07/20^)0 Bt Mekar ***** J01 26/07/8:30 26/07/23.00 Bt Mm Gt6 S7 JUl-26 J01 26/07/1100 26/07/23:59 Bt
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        Lock icon CONTAINER SCHEDULES
        1808 37 WECEIVIN6 OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From ClMvtf i 93 28/0*00 U 26/800 26/1659 26/800 It 26/800 26/1659 26/1900 2* 26/1700 27/0659 27/0*0 21 26/T700 27/0659 27/0900 3 27/0700 27/189 27/MOO 4 27/1200 27/MS9 27/1700 12M 21/0000
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        Lock icon GLOBAL HOLIDAYS
        192 37 Aug 2 Ireland-Republic Of: August Holiday. Anf 9 Singapore: National Day. South Africa: National Women's Day. An* 12 Thailand: HM Queen's Birthday. An«lB Belgium: Assumption Day. Hong Kong: Sino-Japanese War Victory Day. Luxembourg: Assumption Day. Angl7 Indonesia: National Day. Aug 29 Philippines: National Heroes Day. Aug 39 United
        192 words
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        Lock icon COCKETT BUNKER MARKET REPORT
        779 37 THIS report, compiled by Cockett Ma line Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and
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        Lock icon VERITAS BUNKER QUALITY REPORT
        413 37 Carton 180 Max 990.4 6.1 17.5 0.10 78 0/F Jul 22 Density Htt«r Residue Ash Aluminium Sediment No above E25 0 2 3 0 0 1 %MW 380 Ave 906.5 0.4 Mi 0.07 39 0.02 Cum 380 Mai 1005.0 22 20.8 0.14 235 0.08 M/M*l %M/M
        413 words
    • AIR & LAND TRANSPORT NEWS
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        Lock icon UPS expects orders to go fully online by 2001
        457 38 Cost of electronic order is one-fourth the cost of one entered by hand on shipping slips Reuters [CHICAGO] United Parcel Service Inc expects to log in all of the 12 million packages shipped each day by computer by 2001, sharply cutting
        Reuters; FILE PHOTO  -  457 words
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        Lock icon UK to confirm sale of air traffic control system today
        264 38 Reuters [LONDON] The British government is set to confirm today the controversial £500 million (Ssl.3 billion) sale of 51 per cent of National Air Traffic Services (Nats), newspapers reported on Sunday. A report in the Sunday Telegraph newspaper said the
        Reuters  -  264 words
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        Lock icon Proton ready for global competition
        507 38 Afta makes no difference, says chief operating officer Bernama [SHAH ALAM] National car maker Perusahaan Otomobil Nasional Bhd (Proton) is ready to compete in the global market on equal grounds even before the establishment of Asean Free Trade Area (Afta) by 2003, says its chief
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        Lock icon Russian PM to discuss US aircraft loan
        286 38 Delay in USslb loan for Russia to boild new jet Bloomberg [EVERETT, Washington] Russian Prime Minister Sergei Stepashin said he planned to discuss with US officials the US Export-Import Bank's delay of a US$l billion (551.69 billion) loan that would help Russia build
        Bloomberg  -  286 words
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        Lock icon Alitalia's allies may hold up to 6% stake: pilots
        323 38 Reuters [MILAN] Up to 6 per cent of Alitalia could be set aside for strategic allies including Dutch KLM when the Italian flag carrier is privatised in coming months, an Italian newspaper reported. The suggestion is part of a plan put
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        Lock icon NZ budget airline launched for Y2000
        223 38 AFP [WELLINGTON] A budget airline has been launched in New Zealand for three months only to reap the benefits of the busy millennium period, the New Zealand Herald reported yesterday. Called K2OOO, the airline will fly from Auckland, Hamilton, Dunedin and Tauranga in New
        AFP  -  223 words
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1770 38 CITY FU6HT PA fUBff If BA7306 1815 S***** 2350 AMMM BA7381 1930 BA7382 2055 LH6373 2355 OfBI 1930 Of 82 2055 S02> OB AN8229 2230 Wrtl SOW! B30 S0990 0W5 L tS£S$ HS CwmrtCNiPK $0003 1905 C2354 0910 ***** 2045 soeo4 1020 Amt*rd«m KUM3 0435 GA972
        1,770 words
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      608 25 Boeing's engine deal stirs controversy Some customers are upset by airline maker's exclusive engine pact with GE for its long-range 777. Page 2 PCOPIC NMMstkpiMVMar'sJMrm Acting director general of the Malaysian Marine DeInternational global partment, Capt Raia Malik, under the Maritime Port transportation company, Authority of Singapore's Distinguished Visitors ProEmery
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      27 25 UPS expects orders to go fully online by 2001 Cost of electronic order is one-fourth the cost of one entered by hand on shipping slips. Back Page
      27 words
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      745 26 I 1 SUPER SHUTTLE EXPRESS ll I IOULF KARACHI EXPRESS (QKX) VKSiL VOYAGE ICO VfSSCt YOT MOM RAH KWT JEA IMP CMO [PKUNG SIN J!'? PtO NEDUOYD DAMMAM 4K 14/07 14/07 11/07 77/07 23/07 20/07 01/00 01/00 OOCI JAPAN 34W5W 21/0/ cw WJ OOaCIMU 33W530 20/07 15/00 NKYVMGO 7* 73/07
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      741 26 ?T «SSk Me™*soC» (-Wo®-) Members o< the Registry f-i 3ST 1 Singapore Freight Forwarders Accredited Shipping Agents Association Singapore Shipping Association ULY UNE MALE I vissei voy ita ns T™ P. KLAMC STOtE MALE Empress Uly V 0399 26/07 28/07 05/08 Empress Lily V 0499 16/08 18/08 28/08 Princess Uly
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      1109 27 SAX SERVICE (DIRECT) Vtssa VOY SWttt LAX OAK DAI HOD 01 COl MB> All NTC API SARDONYX 0131 21/07 05/06 10/08 10/06 10/06 10/08 10/01 10/01 11/ M 11/Ot AfITOUMMUi 0271 28/07 12/08 17/08 17/08 17/08 17/08 17/08 17/08 18 08 18/08 AfliADI 0131 04/08 19/08 24/08 24/08 24/08 24/08
      1,109 words
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      2283 27 (H) HANJIN SHIPPING lik F1 U 4 IfetWy*Lot. -MB *****30 HAMJIW SjjjfWjjG (SI PTI LTD h» b*. aw ggßtt *****3S 737 SAItS *****74 731 OOCUNfIfI *****71 774 OfHATKMS *****50^751 MAUI LUK *****5$ FAI *****60 »**********0 M I TO NW USA CANADA 1 USA CANADA' M VSI/VOT MM SM UNI HAU/VOT
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      1727 28 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERBANEANCANADA VESSEL VOY a LiH HTM WM HM WW FU VtSSfl VOY SW GIT SK HIS WX MTW HMUM MALTA WNS33 21 07 13 OS UN 15 M 17 H 17 1108 SHANGHAI SENATOR WHM33 29 07 15 N 17« 1«H 21N «08 HAKJM DALIAN
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      776 28 m. AM MAC-NELS S'PUKE M'SIA Carrier: MH CONTR UNES, INC P GUDANG (07) *****26 I I ~f\ J <^^**********0 C SIBU: (084) *****9 MANILA: (632) *****24 V PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31)*****11 P. KELANG: (03) *****77 JKT: (21) *****45 KUOHNG (082) *****1-3 Lowest Wholesale Rates in Town!
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      635 28 EXPRESS CONTAINER FEEDER FOR N.SHEVA/ COLOMBO Vend S PORE N SHEVA COLOMBO PKLANG TARPON SILVER V 101W 26 JUL 03 AUG 10 AUG IS AUG CAPE CANAVERAL VIO9W 02 AUG 10 AUG 17 AUG 22 AUG TULSIOAS Vll2 09 AUG 17 AUG 24 AUG 20 AUG TARPON SILVER V 102W
      635 words
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      1424 29 1 VESSEL VOY KHH HKO SIN PKG PQB DXB PMM BA BIK IRAN BAAKERI PCL-5112 21/07 23/07 27/07 28/07 06/08 07/08 08/08 10/08 12/08 IRAN SHAHRYAR PCL-5113 28/07 30/07 03/08 04/08 13/08 14/08 15/08 17/08 19/08 IRAN BAABAEI PCL-5114 04/08 06/08 10/08 11/08 20/08 21/08 22/08 24/08 26/08 IRAN TAKHTI
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      2313 29 Mnd Cdk to Kaba (4 Bayikl Nafoya (7 Days) laky* 9 j SINGAPORI S GiNCRAI AGINTS: 80 fiOBINSOH RD Til: 226 1900 HX: M4MM OUTWMD ll'[] COSTAR SNIPPING PTE LTD 112 00 UUS/UGS ******7, 60 MM MPT <O/O> 420S7SS COSTAt AGENCIES (M) SDN BHD CR WO: **********0 X SINGAPORE 06M98
      2,313 words
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      1423 30 EUROPEAJKySCAMDINAVIA/FINLAWD/BUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP RDM ANW HBG PKL SGP E DECENT RW-010 31/07 19*8 25*8 21/08 23AM 24/ M 25,04 E. REFINE RE 021 OMI7 10/07 09/07 11/07 13*7 01/01 02AM E GAINING RW-070 07AM 30AM 04*0 01/09 03.U9 E REACH RE-024 1 5A17
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      1456 30 mrnsmm SO TELOK BLANGAH ROAD *02-02 CmPOflT CBfTRE S PORE *****1 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W VESSa VOY. ETA ETD DESTINATION ILMAMU! OS/99 3M7/99 31/07*9 PONTIANAK IRIMAWA 01/99 30/07 *9 31/07/99 BALAM For enquiries and bookings please contact: SEASPACE SHIPPING (S) PTE LTD
      1,456 words
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      463 31 BSfl x mm MYANMA «BBk FIVE STAR UNE (Myanmar National Um) Loading for Yangon (Rangoon) VESSEL VOY SIN PKI PIN PGU SAGAIMG 60W Sift mm TUNG 4W IN PT MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL m (03)*****00 PKI: TH (03) 376*101 PC* m (04)2****** PGU: Ttt (07) *****21/4 BANK LINE
      463 words
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      1276 31 HYjJNDAIMERCHANT MARINE CO/ITDIvpsa VOY SW SOU 1 181 1 «m ANT NAM I WV ta I [vtssa VoY|SoU|lßl|RTM|MfT|mM|MH|mlSBl| DANK S4*w 30/07 l*/« 21/08 18/08 19/08 NOl CORAL 0081 09/07 10/07 04/07 o*/07 28/07 MONTI ROSA S29W 30/07 22/08 23/08 17/08 19/08 HYADMMAi 32« 05/07 10/07 07/07 08/07 29/07 HY FEDERAL
      1,276 words
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      1100 31 WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HIAVYUFT SERVICt" VISSIL VOY RAMP HEIGHT SIN LAX CRL [MIA SAV BAL Off NYC WW MM TOM 6JM 3070f 25/08 03/ M 06/04 M/ 09 10/09 TT7O9 U7oT 17/09 11/09 TARONGA AHO3 400 Tom 6.3 M 10/08 09/09 11/09 21/09 23/09
      1,100 words
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      740 32 BANGKOK/ MAP TA PHUT/ UUfli CHAEANO JAKARTA/PAH JAMO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN ANAN BHUM AA 123N "itTpT 31/07 ANRO GOWA' 092 ~ln Pt 31/07 LILA BHUM 115N In Pt 30/07 31/07 30/07 GURU BHUM 139S 28/07 01/06 NANTA BHUM" 456N 28/07 31/07 01/06
      740 words
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      Lock icon Page 32 Advertisements Column 2
      351 32 -z-mm INDONESIA NATIONAL LINE TO AUSTRALIA I RILL CONHMNEH BSRVICE va Ivorl wc sw I w m stp it \m lASU6AI JH rt/V H/V MMH/» 15/— wo—iMi ms n/vi\/v mm li/W u/w ly n/m j_ MBTBfIOTg 27S 4S/MB7/H 11/ M 10/08 o/oo n/m mwow |iis|it/B_M/sag/»«| |g/i»lio/i»l«/w|w/wlFEEDER SERVICE TO INDONESIA w
      351 words
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      745 32 VESSELS VOY SM4 PKL JED MLA LEH RTM HAM ZEE 9QT VKJ-E DE SHANGHAI H32W 03*36 04/08 13*08 16/06 23/06 24/08 20/08 27/08 29/08 VKJ-E DOHON Y3ZW 10W8 11/08 18/06 24/06 3CVOB 31/08 02/08 00/OO 06/00 V_LEOEMWdOSA V39M 17AD8 25/06 30*06 06/00 06/00 06/00 11/08 VW-LED6 TANYA T3MBf 2S/OB 02/08
      745 words
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      49 33 INTRODUCING OUR NEW FAR EAST USA TRANSPACIFIC EUROPE SERVICE Turn To Pg 6 FULL CONTAINER (every mon/wed/fro EXPRESS SERVICE ffi MSC Agencies Pte Ltd Turn To Pg 5 For Service From PASIR GUDANG/ SINGAPORE to MIDDLE EAST/VIETNAM China Snipping (S) Agencies Pte Ltd j H CONTAINER LINE Pg 4
      49 words
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      49 35 STEftfk Dial 740-6000 on demand! —MkJ (Retrieve more schedules!) Press "1" c JC\ Select the port and key in Sthe four digit code eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovative service offered by The document will be SHIPPING TIMES !33!;
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  • Page 37 Miscellaneous
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      Lock icon Page 37 Miscellaneous Column 1
      132 37 MCSIKEpEZSiiEMB LEGEND R Thunderstorm Temperature °q Shower Weother ->/ Wind direction with speed m knots Rom Cloudy Sky Wov h «'9 h Surfoce winds ore indicated by orrowj which fly with the wind 0 One ful circle represents calm or bght and variable wmds i_ One hoH fleche represents 5
      132 words
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