The Business Times, 29 July 1999

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Total Pages: 38
1 38 The Business Times
  • 12 1 The Businesstimes MITA (P) 046/12/98 85c SINGAPORE >^f^«^httpy^t>qgin^s-times.asial.com.sg/ THURSDAY, JULY 29, 1999
    12 words
  • 63 1 □sir mm (+78.23) nw« U 778J6(+25.12) PI ana porous U 28L40 (+9.90) STOCK HABKEr INDICES Wednesday Change KLSEOOMP ***** -1182 NIKKEI 17,679.91 __+l 17.19 HANO SENG 13,140.42 *66.33 SET INDEX etoed JAKARTA COMP -JMM >28.04 MANILA COMP TJHJ7 *89.86 TAIPEI WPI 7.484LM +1I6J3 SEOUL OOMP 944.44 +16.61 CLSA
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  • 77 1 FOISXKATO ust st OBt 1680 £(USS/S$ per 1.692 3J74 EURO(US$/S$ per E) 1.066 1.789 DM L8W Mil YEN 115.7 1.462* RM 1800 1442 HKS 7.762 Oil! BAHT VM 0.046 RLPIAH 187ft 8.924 •SftoMwUtt PUKE 1ATES SINGAPORE* 6.80 KUALA LUMPUR 758 JAKARTA 10.00 BANGKOK.., 10.00 MANILA 11.00 HONG KONG 8.25
    77 words
  • 609 1  -  Investors urged to seek independent legal advice before statin* on as franchisees By Catherine Ong [SINGAPORE] The Commercial Crime Division is investigating the business practices of SBBB.com, an e-commerce start-up which uses a controversial franchising scheme to attract hundreds of Singaporeans with promises of
    ARTHUR LEE  -  609 words
  • 744 1  -  More pogi tire Umpivirii growth peaks By\ Siow Li Sen [SINGAPORE] DBS Bank dished out a stunner to the market yesterday a 301 per cent increase in net interim profit to $655 million. S Dhanabalan, chairman of DBS Bank, told a press
    744 words
  • 556 1  -  Hove catches some unawares, will eat into members' revenues Byi Siow Li Sen [SINGAPORE] The Singapore International Monetary Exchange is throwing open its new electronic trading system to non-members, a decision that not only has caught some Simex members unawares, but
    556 words
  • 301 1  -  Last-minute rush for DBS shares; banks, property top buy list Byl R Sivanithy [SINGAPORE] Expectations of better economic growth in the second quarter and a rapid earnings upgrade in the light of DBS Land's sparkling results meant local blue chips surged almost 4
    301 words
  • Page 1 Advertisements
    • 172 1 nigra ST EnglpnAt op 23% Singapore Technologies Engineering yesterday posted a half-year net profit increase of 23% to 197.3 m. It expects to achieve its 20-25% forecast for full-year earnings growth this year, Pg 13 BG Lee w the ShgS Deputy Prime Minister Lee Hsien Loong, who is also the
      172 words
    • 7 1 DBS' HI provisions up just &4%,Pg 13
      7 words
    • 58 1 Property stocks soar, Pg 13 M fVjl A ■i J| WHO IS BEHIND AN AUDEMARS PIGUET WAT C H IP /IIPEMARS PKiIET I c nmilrf iii I'liniloin i n il< ptu\ IH/'» JII It ,f. 1 K» 'toU.it Til. Stii., v i \l IM \KV Plt.t Si\. Milk: I' I
      58 words
    • 24 1 Some thoughts on SBBB.com, Pg 4 Portal to riches, Pg 4 DBS Land profit sends property stocks up, Pg 13 Market reports, Pg 20-24
      24 words

  • SINGAPORE AT HOME & ABROAD
    • 341 2  -  EYE ON THE ECOMOMY Inflation By Audrey Tan THE strong second-quarter economic rebound is unlikely to re-ignite core inflation and cause the government to tighten its monetary policy dramatically, says brokerage SG Securities. In a brief released on Tuesday, SG econ- omist Charlie Lay
      Saurce: SG Securities Research  -  341 words
    • 410 2 MAS 'very comfortable' with Sing level, says BG Lee Traders suspect govt moved to stem gains on Tues bnt he says S'pore's exchange policy is neutral Reuters DEPUTY Prime Minister Lee Hsien Loong, who is also chairman of the Monetary Authority of Singapore, said yesterday that the MAS was "very
      Reuters; FILE PHOTO  -  410 words
    • 242 2 Sing surges to $1.6785 on DPM's remarks Bridge News THE Singapore dollar spiked up after comments by Deputy Prime Minister and chairman of the Monetary Authority of Singapore, Lee Hsien Loong, who reportedly said on Reuters TV that he is comfortable with the level of Singapore dollar on a tradeweighted
      Bridge News  -  242 words
    • 360 2  -  By. Ang Wan May THE confusion over the sale of Great Eastern Hotel has been cleared and the bids for the hotel off Macpherson Road with redevelopment potential are hotting up. The High Court yesterday declared the purchase option granted earlier to Trend
      360 words
    • 294 2  -  Byy Corinne Kerk THE slowdown in sales at auctions has continued, with only two out of 15 properties sold at a Colliers Jardine session yesterday. Describing the results as disappointing, Colliers Jardine executive director Dennis Yeo said sellers were
      294 words
    • 396 2  -  Philip Yeo expects at least another year of electronics npcycle By. Annette Pau SINGAPORE'S manufacturing sector is now targeted to grow 5-6 per cent for the year, up from the 4-5 per cent estimate made earlier this year, while manufacturing investments are already at
      396 words
    • 203 2 THE Hermitage, a freehold apartment project located along Sarkies Road in the Newton area, is being softlaunched todayat an average of about $1,130 per sq ft. The project, completed in January this year, comprises a 10-storey block with 30 units of two-bedroom apartments
      203 words
    • 342 2  -  By\ Raju Chellam [SINGAPORE] The National University of Singapore (NUS) has begun a pilot project that provides students a high-speed data connection for both portable and desktop computers and lets them access video, live telecast of lectures, SingaporeONE applications, and the Internet. The
      342 words
    • 307 2 THE Urban Redevelopment Authority yesterday closed its tender for eight land parcels of conservation shophouse development at Syed Alwi Road. Slated for two-storey units, the 99-year leasehold land parcels are located at 61-69 Syed Alwi Road within the
      307 words
    • 803 4  -  ASEANPOSTMDfXSTERIAL CONFERENCES Asean-led caucus, fleshed out by crisis, may outpace dialogue with other partners By Yang Razali Kassim AFTER more than 20 years, Asean's annual dialogue with its key trading partners seems to be losing steam and is under threat of
      803 words
    • 653 4  - Legit business or house of cards? SBBB.com has 'em guessing, although signs twinkle in the eyes of franchisees B>r Catherine Ong ERIC Tan, who helps out in his family's cafe business, is one of those who has signed up as a franchisee for SBBB.com, and in a short time has
      653 words
    • 479 4  -  .Signinitfp x franchisees is main theme of public talk Toh Han Shih YOU can become very rich. That was the thrust of a talk last night organised by SBBB.com to encourage people to sign up as franchisees of SBBB.corn's Internet commerce venture. Speaking
      ARTHUR LEE  -  479 words
    • 901 4  -  Joshua Lim Singapore via Internet I ATTENDED an evening talk last Sunday organised by SBBB.com Pte Ltd at The Rock, Suntec City, and came away with strong feelings that I feel morally obliged to share with my fellow Singaporeans. I first heard about SBBB.com from a
      901 words
    • 343 4  -  MAILBOX Lim Joke Mui (Mrs) Company Secretary DBS Land WE refer to your article in BT yesterday headlined "DBS Land hints at sale of prime hospitals if it buys Parkway". I wish to inform you that the following statements in the article are totally wrong
      343 words
    • 108 4  -  Lee How Sheng Director (Central Services) Ministry of Finance I REFER to the letter, "Lowest bids could mean poor workmanship" (BT, July 28), by Mr R Puru. Mr Puru pointed out the importance of supervision to ensure that contractors perform according to specifications. We agree
      108 words
    • 399 5  -  JTCs Woodlands devt features ground-floor ease for plants on all levels By' Tan May Ping GONE are the days of factories for traditionally groundbased industries. The new look is high-rise developments with ground-floor convenience. Jurong Town Corporation (JTC) has developed a novel way to overcome
      JTC  -  399 words

  • Page 3 Advertisements
    • 231 3 |S i jV' y^9v The factories at Woodlonds Spectrum are stacked ?levek high, W^ever jevel you're on, you'll enjo^j^p^^^K JHBH If s as though you never left the ground! 3 hr"- j- «'T, |r. .> y-\- --.f v -r- c i ■<% pa II \x u vFxfp pnt I|\ Strata
      231 words


  • Page 5 Advertisements
    • 138 5 IMBBIf A lot of thought goes into making your BMW the most dynamic car in rigorously trained to BMW's worldwide standards. the world. And to ensure your driving pleasure for years to come, we In this way, your BMW remains the smartest car on fIQgP put a lot into our
      138 words

  • ASIA ON THE MEND
    • 394 6 This was before recapitalisation revealed to be higher Bloomberg [JAKARTAJPT Sarijaya Wirasentosa, controlled by Indonesia's Ramli family, founders of PT Bank Bali, sold 7.3 per cent in the bank in July, just weeks before the cost of recapitalising it was revealed to
      Bloomberg  -  394 words
    • 163 6 Bridge News [JAKARTA] The Indonesian government will replace the boards of directors of stateowned banks at the end of August, Minister of State Companies Tanri Abeng said. Speaking on the sidelines of a seminar, Mr Tanri said members of the new boards
      Bridge News  -  163 words
    • 224 6 Foreigners can deposit shares with custodian banks Bloomberg [KUALA LUMPUR] Malaysia allowed eight banks and a custodian services company to settle stock trades directly with the country's clearing house, ending a one-day delay for stock transactions that repelled some foreign investors. The Kuala
      Bloomberg  -  224 words
    • 534 6 Final decision will depend on key economic data dne in Sept: officials Reuters [TOKYO] Japanese policymakers agreed late yesterday to compile a stop-gap budget later this year, in order to foster an economic recovery by pumping more money into
      Reuters  -  534 words
    • 536 6 Region must focns on restoring demand: chief economist Reuters [BANGKOK] Asia must focus on the restoration of demand and although it is clear the crisis has bottomed out, the region is far from full recovery, World Bank chief economist Joseph Stiglltz said
      Reuters  -  536 words
    • 353 6 Reuters [WASHINGTON] Asia's economic crisis is not over yet, despite figures showing growth, investment and a likely boom in trade, economists and international experts said on Tuesday. The analysts, dismissing Washington's "official consensus" that the crisis had abated, said governments
      Reuters  -  353 words
    • 408 6 Finance secretary says economy is fundamentally sound AFP [MANILA] Recent volatility in the Manila stock market is attributable to external factors, a Philippine official said yesterday after analysts blamed President Joseph Estrada's battles with the press and his attempt to rewrite the
      AFP  -  408 words
  • Page 6 Advertisements
    • 320 6 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 -mm NOTICE IS HEREBY GIVEN that I, GONALAN ARUNASALAM of Apt Blk 57, Marine Terrace #08-115 Singapore *****7, have applied for a First Class Beer House Licence in respect of M/s Elaine's Place located at 34 North Canal Road
      320 words
    • 113 6 CATS. Buy it Sdl it. Find It NOTICE IS HEREBY GIVEN that I, LAU WENG HENG AMBROSE BRUCE of Blk 792 Yishun Ring Road #08-3448, Singapore *****2, have applied for a Retail Liquor Shop Licence in respect of M/s 7 Eleven located at 304 Orchard Road 81-02/03 Singapore *****3, and
      113 words

  • THE REGION
    • 440 7 TAIPEI Taiwan's trade surplus up 13-5%; some fear punitive tariffs soon for president's remarks Reuters, Bloomberg TAIWAN'S trade with rival China grew to U559,847 billion (5516.59 billion) in the first five months of the year, up 7.5 per cent from the same
      Reuters,; Bloomberg  -  440 words
    • 266 7 U BEIJING It wants such items to form 14% of total exports by 2002 AFP CHINA plans to implement a package of preferential policies to boost exports of hightechnology products to 14 per cent of overall exports by 2002, versus
      AFP  -  266 words
    • 426 7 SINGAPORE AFP A HISTORIC vote on the future of East Timor has been delayed until Aug 30 due to security worries and a delay in registering potential voters, Indonesia's foreign minister said yesterday. "There has been an announcement by the
      AFP; APP  -  426 words
    • 221 7 AMBON Reuters TWENTY-FOUR people died in fresh clashes between Christians and Muslims in Indonesia's devastated island of Ambon, hospitals said yesterday, as Jakarta rushed troop reinforcements to the distant island. Fighting gripped five different parts of Ambon city, much of it in ruins
      Reuters  -  221 words
    • 76 7 [KUALA LUMPUR] Ponsardin Veuve Clicquot Asia regional marketing manager Vita Wong-Kwok yesterday carrying a case of La Grande Dame champagne crfter the launch of the company's 'Millennium Collection' in Kuala Lumpur. Behind her stand the Petronas Twin Towers, the world's tallest building. The champagne collection consists
      AFP  -  76 words
    • 264 7 KUALA LUMPUR Ballot boxes sent to state offices, drills completed by Aug 20 Reuters MALAYSIA'S Election Commission said yesterday it had dispatched ballot boxes to state offices and expected to complete election drills by Aug 20, fuelling speculation that snap polls are imminent.
      Reuters  -  264 words
    • 233 7 TAIPEI AFP A COURT yesterday ordered the Taipei city government to pay the French Matra transport firm NTSI.I billion (5557.2 million) for extra expenditure incurred during delays in building the island's first mass rapid transit (MRT) system. After five years of litigation,
      AFP  -  233 words
    • 298 7 JAKARTA Reuters INDONESIA'S Parliament remains split over a draft bill reforming the oil and gas sector a day before debate is due to end, politicians said yesterday. The factions cannot agree on whether mining rights should be wrested from state
      Reuters  -  298 words
  • Page 7 Advertisements
    • 129 7 SERVICE PROVIDER OF FINANCIAL DISTRIBUTION DATA PROCESSING Vital management information Access to your accounts 24 hours a day, 365 days a year from anywhere in the world Optimum efficiency in the running of your company I I Client confidentiality X High IT staff overheads X High capital outlay on I
      129 words

  • ASIA
    • 581 8 DAEWOO DEBACLE Minister says funds will be used for Daewoo Motors and Daewoo Corp Reuters, Bridge News [SEOUL] South Korea's finance minister said yesterday that creditors would eventually liquidate US$B.3 billion (Ssl4 billion) in collateral put up by the embattled Daewoo
      Reuters,; Bridge News  -  581 words
    • 393 8 SEOUL Bloomberg SOUTH Korea's current account surplus widened 23.6 per cent in June from May, as an economic recovery across Asia helped Pohang Iron Steel Co and other companies sell more goods overseas. The current account surplus the broadest measure of the flow
      Bloomberg  -  393 words
    • 271 8 NEW DELHI 40% revenue could go to interest payments minister AFP INDIAN Finance Minister Yashwant Sinha yesterday sounded alarm bells about the country's ballooning fiscal deficit and warned that an "internal debt trap" was around the corner. "We are facing a situation
      AFP  -  271 words
    • 428 8 I WASHINGTON 260-170 vote in favour will boost WTO entry chances Bloomberg THE US House of Representatives has rejected a resolution to strip China of its trading privileges with the United States, a vote that business leaders said could boost the communist country's chances
      Bloomberg  -  428 words
    • 56 8 [SYDNEY] A group of tourists making their way up to the summit of the Sydney Harbour Bridge yesterday. Tourists pay US$6O (SflOl) for a three-hour tour of bridge, fondly known as "The Coathanger" which weighs 39,000 tonnes and is held together by six million iron rivets
      AFP  -  56 words
    • 161 8 HONGKONG AFP HONGKONG is to set up a strategy group to advise the government on tourism policy in a move to attract more holidaymakers to the reces-sion-hit territory, officials said yesterday. Tourism commissioner Mike Rowse told a press conference that a 20-member advisory
      AFP  -  161 words
    • 549 8 SYDNEY Complaints made of possible abuses of its market power Bloomberg AUSTRALIA'S anti-trust regulator is investigating CocaCola Amatil Ltd, in which Singapore's Fraser and Neave Limited (F&N) has a stake, for possible abuses of its market power. The investigation comes as Coca-Cola Amatil
      Bloomberg  -  549 words
    • 279 8 SYDNEY Treasurer sees prospects of catting down jobless rate Reuters A SLIGHT drop in Australia's already low inflation rate appeared yesterday to have given the Reserve Bank of Australia a further buffer against international pressures to hike rates. Treasurer Peter Costello, reacting to
      Reuters  -  279 words

  • THE WORLD
    • 563 9 WASHINGTON Top priority should be to reduce national debt, and now is ideal time, he says AFX-Asia Bridge News Reuters FEDERAL Reserve Board chairman Alan Greenspan said yesterday that he did not see any evidence "pending" of foreign investors unloading their
      AFX-Asia; Bridge News; Reuters  -  563 words
    • 712 9 His future as Fed chairman may be mired in election politics Reuters IS there life after Alan Greenspan? It may be difficult for global financial markets to imagine anyone but the venerable 73-year old Federal Reserve chairman in charge of the world's most powerful
      Reuters; FILE PHOTO  -  712 words
    • 484 9 WASHINGTON Jane figure may ease Fed pressure to raise rates: analysts Reuters WEAKER demand for new commercial aircraft helped limit new orders for costly manufactured goods to a smaller-than-expected gain in June, the Commerce Department said yesterday in a report that
      Reuters  -  484 words
    • 292 9 WASHINGTON AFX-Asia THE arguments in favour of an aggressive monetary policy have weakened, according to Alice Rivlin, who resigned in June as vice-chairman of the US Federal Reserve. "The argument that the Federal Reserve has to be aggressively preemptive to
      AFX-Asia  -  292 words
    • 450 9 WASHINGTON Potential for abuse seen in govt's anti-hacker system AFP US officials are weighing a plan to create a sweeping computer monitoring system aimed at fending off hackers in a move that is raising concerns over privacy rights, The New York Times
      AFP  -  450 words
  • Page 9 Advertisements
    • 75 9 11 Fast Casfiwitnout UjfjU V No wonder factoring with IFS is such an attractive option." i/ ll IICI CDla .N^RNATIONAL Cash advances of up to 90% of your invoice value within 24 hours. At competitive interest rates. No wonder more and more growing /oikiq adore) LTD businesses are factoring with
      75 words

  • EDITORIAL & OPINION
    • 732 10  -  THE BOTTOM LOVE OPINION By Raju Chellam The writer isaßT Correspondent Wrm less than 150 days to go before the dreaded Millennium Bug strikes, there is a new fear in corporate hearts: lawsuits. Not just from end-users taking computer vendors and software developers to court
      732 words
    • 123 10 'What you want to see is court cases against lots of crooks. But given the cultural impediments in Asia, I don't think you'll see it' -Hugh Young managing director of Aberdeen Asset Management, on attempts to bring accountability and long-term health in Asian economies. 'We won the
      123 words
    • 609 10 EDITORIAL WHILE Singapore has made enormous strides economically, in at least one sphere —the civic society and particularly in defining generally accepted social parameters —progress in the last decade has been slower. Every now and then, the country finds itself grappling with issues like how far the state
      609 words
    • 1084 10  -  Series of M&As across all sectors will modernise business bnt more needs to be done to maintain country's standing By Eric Teo The writer, a former diplomat based in Paris for a number of years, is currently business development director for a French-Belgian
      FILE PHOTO  -  1,084 words
    • 963 10 Russia: debts bat no reforms FOR the past six years, our governments have been living from one International Monetary Fund infusion to the next. In the first stage we are short of money and hold hasty talks with the IMF. Next, we receive the money after
      963 words

  • EXECUTIVE LIFESTYLE
    • 668 11  -  FOOD Valrhona shows it involves a lot more than just plonking heavenly delights into your month By 1 Tan Su Yen [SINGAPORE] When Valrhona's Far East "Grand Cru tasting" was first listed on the World Gourmet Summit events' booklet, the organisers received calls from puzzled
      668 words
  • Page 11 Advertisements
    • 250 11 Where to wine, dine and at over3o,ooolocations worldwide. Treat yourself to a wide range of Japanese cuisine. Enjoy Tempura, Sushi Rolls, Sashimi, Soft Shell Crabs and many more plus tantalising desserts. Buffet Lunch 8C Dinner: £23.50 (Adult) 50% discount (Child) (Lund) daily except Saturday Hindi" from 12 noon to 4.30pm.
      250 words
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      161 words
  • Page 11 Miscellaneous
    • 872 11 CRYPTIC CROSSWORD 1 It's no longer of use when economy? (9) DOWN 14 Illustrious pawnbroker of a YEETTERDAVS SOLUTION 1 Shy actors (4) previous I Tlfil f 2 Where rash Scots get mixed 16 He calls out at court (8) i HtH?BqHtHcHaßh up with tourists? (9) MBe Q uick t0
      872 words

  • MOTORING
    • BUMPER to BUMPER
      • 74 12 ROLLS-ROYCE and Bentley sales grew 13 per cent to 787 units in the first half of the year, powered by the wealth effect in the US. The Americas accounted for 325 units, up 85 per cent from a year ago. Volkswagen of
        74 words
      • 71 12 THIS is the first official photo (above) of the BMW ZB, a five-litre 400-horsepower open sports car thafs a modern i interpretation of the 1960s classic 507. Power is transmitted via a six-speed manual gearbox to the rear wheels, translating to a sub-five-second O-lOOkmh sprint. The car
        71 words
      • 73 12 FORMULA One fans hoping to catch the action up close at the Sepang circuit in Kuala Lumpur have their dreams mapped out Auto adventure group Wheels For Fun is organising a trip for those who want to watch the race. It promises to
        73 words
      • 65 12 THE Performance Motors Ultimate Challenge golf tournament is here again. The last of the qualifying rounds will be held tomorrow, and the winners get to represent Singapore in BMWs Golf Cup International to be held in Tenerife in Spain's Canary Islands from Nov 28
        65 words
      • 85 12 Complied by Christopher Tan GENERAL Motors has agreed to recall 3.5 million of its most popular sport-utility vehicles, vans and pick-up trucks because they may have faulty anti-lock brakes. According to an AP report, the recall comes after a five-year investigation by
        Complied by Christopher Tan  -  85 words
    • 786 12  -  CAR ■PDAfHT Turnaround is slow compared to the 35% rise in total registration of passenger cars and 37% increase in COEs released for the big and luxury categories in the first half Reports by Christopher Tan [SINGAPORE] Luxury car sales have started to recover, although
      786 words
    • 304 12 [SINGAPORE] Parallel importers have increased their presence here, boosted largely by the availability of excess stock in Japan. According to estimates based on official data, the brands offered by these importers in the first half were Toyota, Nissan, Mitsubishi, Honda and Mercedes-Benz.
      304 words
    • 1016 12 Average open market value (OM\fl or caf$ and stato wagons iBgtsteredriJun 99 MOOBAMK CC MEOMV0) MOOBAMOE OC AEOtMft ALFA ROMEO A156 20 1.870 ***** MBSAN MARCH 1C A 966 ***** MOM 1,6 A isee 262® nmsan M>ncH i.o m gee ***** AUDIA626A ?«qw 52,770 WMWCXBE 15A 1,274
      1,016 words
  • Page 12 Advertisements
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      4 words

  • COMPANIES & MARKETS
    • 346 13  -  Prospects for rest of year fairly stable, says company By Audrey Tan [SINGAPORE] Newly-listed Total Automation, which yesterday reported a 6.9 per cent rise in interim after tax profit to $1.84 million, says its prospects for the rest of this year remain "fairly stable".
      346 words
    • 239 13  -  By i Clarissa Tan [SINGAPORE] Recent rallies in Asian stock markets have helped Overseas Union Securities (OUS) to nearly treble its interim net profit to $1.65 million, leading the broking arm of Overseas Union Bank to propose a l-for-4 bonus issue. Earnings per share
      239 words
    • 411 13  -  By\ Siow Li Sen [SINGAPORE] Provisions, which severely eroded DBS Bank's profits last year, took a back seat in its 1999 interim results because the rise in non-performing loans (NPLs) has moderated. Provisions grew slightly by 6.4 per cent to $335.8 million,
      411 words
    • 679 13  -  HOCK LOCK SIEW Lee Han Shih WHEN Dr Han Cheng Fong told reporters and analysts on Tuesday that he was out to grab a 20 per cent share of the new housing market, he was not boasting. The chief executive of DBS Land was simply
      679 words
    • 681 13  -  CORPORATE RESULTS ST Marine led Q2 sales, profit growth; Q3's earnings seen lower than Q2's By. Jennifer Lien [SINGAPORE]. Singapore Technologies Engineering (ST Engg) yesterday posted a half-year net profit rise of 23 per cent to $97.3 million, and said it would
      FILE PHOTO  -  681 words
    • 265 13  -  Ry t Ang Wan May [SINGAPORE] The Property Index shot up 8.7 per cent yesterday, boosted by better-than-expected first-half results from DBS Land. City Developments led the sector's gainers, surging 12 per cent or $1.20 to close at $11.20. Some 16.1 million
      Source: Bloomberg  -  265 words
    • 430 13 S'pore still in contact with KL over frozen shares Reuters [SINGAPORE] Singapore remains in contact with Kuala Lumpur over the frozen Malaysian shares formerly traded in the island state, but a solution to the issue is not seen soon, the
      Reuters  -  430 words
    • COMPANIES
      • 532 14  -  Amount is second highest in region, behind S Korea and ahead of HE By Wong Wei Kong [SINGAPORE] Singapore has emerged as the second most favoured destination for Asian private equity funds, attracting some U*****.1 million (***** million) of the
        532 words
      • 428 14  -  Bj&rne Uhde Nielsen optimistic about group's FY results By Eugene Low [SINGAPORE] Financially troubled Broadway Industrial Group has roped in a Dane, Bjarne Uhde Nielsen, to help the group return to profitability. Speaking to reporters yesterday, the group's new chief executive officer said Broadway, which
        ZAOBAO  -  428 words
      • 389 14  -  24.9% Astre stake bought from Ong Beng Seng's Sizona By i Christopher Tan [SINGAPORE] Motor and property group Cycle Carriage Ltd (CCL) now owns all of Astre Investments the Australian automotive division it ran with Ong Beng Seng's Rizona Motors. The company
        389 words
      • 221 14  -  By Rahita Elias [SINGAPORE] Lion Teck Chiang's mobile phone network contracts in China have been terminated lyIn a statement issued yesterday, it said that its Chinese partner, China Unicom (CU), has been asked by the authorities there to terminate the China-China-Foreign
        221 words
      • 266 14 [SINGAPORE] Datacraft Asia has entered the Japanese market by taking a controlling stake in Japan's NetWAVE Inc for U5537.5 million (Ss63 million), its biggest acquisition so far. Datacraft will own 75 per cent of the Japanese networking systems integrator, with the remainder held
        266 words
      • 407 14  -  Proposed sale to foreign parties aimed at catting debts From, Ruth Wong in Kuala Lumpur THE New Straits Times Press (M) Bhd (NSTP) has proposed selling its entire 19.4 per cent stake in financial group Commerce Asset-Holding Bhd (CAHB) to foreign
        407 words
      • 290 14 Reuters, Bloomberg [PARIS] Airbus Industrie yesterday denied reports that it would withhold sales of spares and services to any customer buying used Airbus jets from Boeing, but said contract concessions made to the original buyer Singapore Airlines, which is trading them in
        Reuters,; Bloomberg  -  290 words
      • COMPANY Briefs
        • 78 14 [SINGAPORE] Neptune Orient Lines has completed the first closing of its international placement of 4*7.5 million shares. NOL said 358 million shares, comprising 80 per cent ofthe total ISP issue, which the lead manager Salomon Brothers International and other underwriters have agreed to subscribe for.
          78 words
        • 54 14 [SINGAPORE] Pertama Holdings said It has received a proposal by a potential investor to subscribe for a strategic investment stake. It Is currently considering the proposal and was in discussions. Pertama was responding to a stock exchange query on a substantial increase in its share price
          54 words
        • 90 14 [SINGAPORE] First Capital Corp (FCC) has again raised its stake in Hotel Properties Ltd (HPL) by an additional L3B per cent on Monday. FCC—through wholly-owned subsidiary FCC Equities—paid $1.50 per share, or a total ofie.4 million million shares. The purchase brings FCC's stake in
          90 words
        • 121 14 [SINGAPORE] Momentum Creations, in which Nobel Deaign Holdings holds an 85 per cent stake, has launched a new line ofdesigner furniture under the brand name OM. Momentum Creations, which opened a 20,000 sq ft showroom at Marina Square earlier this year, is expected to
          121 words
        • 46 14 [SINGAPORE] Nat Steel Electronics has joined hands with Cisco Systems, Dell Computer, Motorola, Solectron Corporation, Sun Microsystems and others to form the HifhTech Consortium—Year 3000 A Beyond, an organisation created to rsduce the impact of year3ooo Issues on the high-tech industry.
          46 words
        • 62 14 [SINGAPORE] Parkway Holdings' wholly-owned Malaysian subsidiary, Mount Elizabeth Health Care Services, has acquired the entlrs capital of Orifbllo Options Sdn Bhd based in Malaysia for 1.18 million Malaysian ringgit (*****,000) cash. Orifolio's main asset is its property in Johor Bahru. The acquisition is aimed at
          62 words
        • 68 14 [SINGAPORE] British American Tobacco Singapore Investments (BATS Investments) now owns a total of 91 million shares of British-American Tobacco Company (Singapore), representing a stake of some 97.08 per osot It also owns 110.3 million Rothmane Industries shares, repreeenting a 98 per cent stake in the
          68 words
        • 55 14 Bernama [KUALA LUMPUR] Promet Bhd incurred a group pre-tax loss of 312.83 million Malaysian ringgit (Ssl3o3million) for the year ended April 30,1989 from a pre-tax loes of RM3BB million previously. Turnover dived 70 par cant to RM161.93 million. The previous year included the results of
          Bernama  -  55 words
      • 394 15 SEHK, HKFE accept compromise merger terms suggested by go vt Bridge News, Reuters [HONGKONG] The Stock Exchange of Hong Kong (SEHK) and the Hong Kong Futures Exchange (HKFE) have compromised on the terms of the upcoming merger, especially the valuation, a source close to
        Bridge News,; Reuters  -  394 words
      • 404 15 Bloomberg, Reuters [TOKYO] Singapore-based Caltex Corp is selling its controlling stake in Koa Oil Co to Nippon Mitsubishi Oil Corp, the country's largest oil refiner for 26.1 billion yen (*****.3 million), giving it more control over supply in Japan's oil product market.
        Bloomberg,; Reuters  -  404 words
      • COMPANY Briefs
        • 101 15 Bloomberg [HONGKONG] Indonesia's Asia Pulp and Paper Co (APP), one of the region's largest paper manufacturers, has hired Bankßoston NA to arrange up to US$2OO million (***** million) of new debt as the company reorganises its finances. Bankßoston is assembling a group
          Bloomberg  -  101 words
        • 110 15 Reuters [TOKYO] Societe Generate Securities Japan said yesterday that it had created a stock index, the "SG e-index Japan", composed of promising Internet-related stocks in Japan. The index will initially comprise 30 issues picked by the French securities house on the basis of their
          Reuters  -  110 words
      • 492 15 Despite setback, earnings still beat analysts' forecasts Reuters [TOKYO] Sony Corp said yesterday its profit for the AprilJune quarter took a 55 per cent dive from a year earlier, battered by a strong yen and price wars in many of
        Reuters; AFP  -  492 words
      • 523 16 Lower taxes, higher trading income boost earnings to I.lBb euros Bloomberg [FRANKFURT] Deutsche Bank AG, the world's biggest bank, said second-quarter profit rose 50 per cent, after its US$9 billion (5515.1 billion) purchase of Bankers Trust Corp boosted trading income, and as its
        Bloomberg; REUTERS  -  523 words
      • 316 16 But French bank warns of poorer 2nd-half results AFP [PARIS] French bank Paribas, at the heart of a bitter three-way takeover battle, said yesterday its net profit soared almost 60 per cent in the first half of the year and
        AFP  -  316 words
    • INTERNATIONAL COMPANIES
      • 376 17 Reuters [NEW YORK] International Business Machines Corp (IBM), which is making a bid to regain its leadership position in the high-performance end of the data storage business, on Tuesday said it would buy Mylex Corp, a maker of controllers and
        Reuters  -  376 words
      • GLOBAL Briefs
        • 87 17 Bloomberg [ATLANTA] Cox Communications Inc, extending an acquisition spree of cable-television companies, said on Tuesday it plans to buy Gannett Co's cable systems for US$2.7 billion (554.5 billion) in cash to build its presence in the central US. Cox agreed to buy Gannett's Wichita, Kansas-based
          Bloomberg  -  87 words
        • 55 17 Bloomberg [REDMOND, Washington] Microsoft Corp, the world's No 1 software maker, said on Tuesday it rebuffed a request from top online service America Online Inc for a "business arrangement" to resolve their battle over instant e-mail messaging. Instead, Microsoft asked AOL to join industry efforts to
          Bloomberg  -  55 words
        • 110 17 Bloombere [MUNICH] Bayerische Motoren Werke AG, Germany's third-largest carmaker, said yesterday reorganisation of its unprofitable Rover unit in the UK will help it match last year's earnings, reversing a slide in first-half profit. BMW posted net income of 191 million euros (*****.5 million), or
          Bloombere  -  110 words
        • 97 17 Bloomberg [EL SEGUNDO, California] Unocal Corp, which explores for oil and natural gas and makes fertiliser, said second-quarter profit fell 69 per cent because corporate expenses rose while oil production and fertiliser prices declined. Profit from operations fell to US$l9 million (5531.9 million), or 8
          Bloomberg  -  97 words
      • 623 17 They will have to transfer customer accounts to other securities firms Bloomberg [WASHINGTON] The Securities and Exchange Commission on Tuesday approved a rule requiring brokerages to cease business and transfer customer accounts to other securities firms if they
        Bloomberg  -  623 words
      • 443 17 Reuters, Bloomberg [SAN FRANCISCO] Intel Corp, the world's No 1 chip maker, introduced two new processors on Tuesday, including a faster Pentium 111 at a price that is lower than its most recent upgrade. Intel said that PC makers are now including the
        Reuters,; Bloomberg; Source: Bloomberg  -  443 words
      • 324 17 Move set to challenge NYSE, other US markets FT, Reuters [NEW YORK] Instinet, the securities broking arm of Reuters, on Tuesday threw its weight behind an upstart US trading network in a move likely to add to the pressure on
        FT,; Reuters  -  324 words
      • 454 17 Major revamp planned to tighten ties with dealers and high-tech firms FT (NEW YORK) Nasdaq, the second largest US equities market after the New York Stock Exchange and known for its technology stocks, is considering a dramatic restructuring that would lead to the setting
        FT  -  454 words
      • 240 17 BotbaaihaUen most agree to swap USsLsbdebtfer 25% stake ia Iridium Bloomberg [WASHINGTON] Motorola Inc last week offered to put another US$4OO million (*****.4 million) into cashstrapped Iridium LLC if bondholders agree to swap US$l.5 billion in debt for a 25 per cent stake
        Bloomberg  -  240 words
    • FINANCE & COMMODITIES
      • 346 18 Reuters, Bloomberg [TORONTO] Royal Bank of Canada said on Tuesday it was spending US$6O million (Sslol million) for a 20 per cent stake in AOL Canada to forge a new e-commerce alliance on the Internet. Royal Bank, one of Canada's largest financial
        Reuters,; Bloomberg  -  346 words
      • 495 18 Returns would be calculated on the value of commodities that funds control Bloomberg [WASHINGTON] US funds that buy and sell futures will be able to promote themselves in a way that makes their performance seem less volatile if regulators adopt a proposed change
        Bloomberg  -  495 words
      • 70 18 [LONDON] Matthew Barrett on Tuesday posing for the media in London after being named new chief executive of Barclays Bank pic after Barclays spent more than six months struggling to fill the post. Mr Barrett, formerly chairman and chief executive of Bank of Montreal,
        AFP  -  70 words
      • 402 18 Chubb and ACE profits hit; Marsh McLennan backs trend Reuters [NEW YORK) Chubb Corp and ACE Ltd on Tuesday posted lower-than-expected earnings due to catastrophe losses and the seemingly intractable downward slide in premium rates. Leading global insurance broker Marsh McLennan Cos
        Reuters  -  402 words
      • 516 18 Investments will be split between Europe •mi Japan: source Bloomberg [STAMFORD, Connecticut] Gary Wendt, who built GE Capital Services Corp into the world's largest non-bank financial company in 12 years as chief executive, plans to start a US$3 billion (555.05 billion) private
        Bloomberg  -  516 words
      • 498 18 Reuters [NEW YORK] Sumitomo Corp has filed suit against a unit of French bank Credit Lyonnais seeking US$3OB million (*****.5 million) in damages for its alleged role in a copper trading scandal that resulted in US$2.6 billion in losses for Sumitomo in 1996.
        Reuters; FILE PHOTO  -  498 words
      • 219 19  -  ftlMUI Reports MSCl Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market roared back with a vengeance, buoyed by a host of factors including the 115point overnight rise on Wall Street, stronger interim results from DBS Land and Singapore economic growth
        219 words
      • 200 19  -  MSCI Taiwan tatnres Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index flitures finished 6.9 points higher for both the July and August contracts whUe the Taiwan Weighted Price Index gained 116.53 points. Nasdaq's gain of 60.14 points in overnight trading helped boost
        200 words
      • 237 19 ENERGY REPORT Reuters [LONDON] World oil prices rose yesterday on news of a large stockdraw in the key US market, with analysts predicting that continued output curbs could push oil to US$2O a barrel by the start of the fourth
        Reuters  -  237 words
      • 307 19 Reuters THE euro gave back some of its recent gains against the US dollar yesterday as weak euro-zone and German economic data spurred broad profit-taking in European currencies. The US dollar also clawed back ground from five-month lows against the yen with the market jumpy amid wariness over
        Reuters  -  307 words
      • Article, Illustration
        1224 19 PfTERBAJCK CROSS KATB8 Jul 28 A$ C$ Bmb Eto Fir Pn HK$ tod to tupta* Yea Won M 18Mb hw S$ IH Sft «tt 8*t 9m* US$ Australia 0.974 6.178 0.606 1972 1184 5.005 27.920 44.733 0.752 7.760 2.450 1227 ***** 24.665 1064 1956 0.968 20JOS ***** 0.405 0.645 Canada
        1,224 words
      • 1773 19 glCOM FUTURES Jul 28 RUOKR (MwmcMro at UOpa) RSS1 cMtiAo) CtOM VoNmo OpM Mowdi Hm> Lwt Stt (toiot) Mmm* A* 99 9450 Sop 99 9125 1200 Od 99 97.00 97.00 95.50 M0 300 Nov 99 97.00 100 Doc 99 90.75 300 Jon/Mor 00 W175 300 RSS 3 CONTRACT (US CMb/lo)
        1,773 words
    • Article, Illustration
      1408 20 AFP Q Hang Seng -MBL33 HONGKONG share prices rose 0.5 per cent in cautious trade yesterday following overnight gains on Wall Street, dealers said. "It is a continuation of the technical rebound from yesterday" amid the expiration of the July futures, said Michael Ng, deputy managing director at Sassoon
      AFP  -  1,408 words
    • Article, Illustration
      550 20 AFP, Reuters H Shanghai B Mai *<L» SHANGHAI'S B shares gained 1.3 per cent yesterday but trading was dull on uncertainty over whether the government will release promised mar-ket-boosting measures any time soon, analysts said. The Shanghai Stock Exchange's B Share Index, which tracks shares nominally reserved for foreigners,
      AFP,; Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  550 words
    • 318 20 AFP HWPMn ****** TAIWAN share prices closed 1.6 per cent higher yesterday spurred by a sharp rally on Wall Street overnight, dealers said. "We saw strong buying in technology shares following a big rally on the technologyheavy Nasdaq Composite overnight," said Jerry Huang, senior researcher at President Securities. "How-
      AFP  -  318 words
    • 2155 20 LMDON an *h 31 Group *p 0.22 A B Foods 4.11 0.10 A 8 Ports 2.92 -0.01 AstraZanoca 23 32 0.89 AManca k lakastar 8.52 0.13 ARM Domocq 5.71 0.18 AIM Zurich 729 0.07 Anglo Amartc an GoM 43.70 unch AS0A Group 2.19 0.01 Bank of Scotland
      2,155 words
    • 1620 20 AFP Q Nikkei 225 ♦U7JI SHARE prices in Tokyo rebounded 0.7 per cent yesterday following recent falls, brokers said. The key Nikkei Average of 225 selected issues on the Tokyo Stock Exchange rose 117.19 points to end at 17,579.91. Trading volume was moderate in the absence of fresh trading
      AFP  -  1,620 words
    • KUALA LUMPUR STOCK MARKET
      • 428 21 P Composite Index -1182 MALAYSIAN share prices closed 1.7 per cent lower yesterday as program and forced selling activities continued, dealers said. The market briefly broke through the 800-point resistance level on follow-through buying in early trade but this was quickly offset by
        428 words
      • 8464 21 MMJSTMALS Contmwr products 19** Last Vol Day Net Cap HUD Low Company Sole OOP High L— P/E Smk 440 255 Aflnomoto 340 -10 3 340 334 21.6 137.8 174 46 Angkau TO -6 983 133 "2 175.5 404 220 Apollo Food Hlg 330 -2 19 338 330 11.5 132.0 294
        8,464 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 2126 22 BOMBS, LOANS i WAMANTS m 52-Wk Last Vol Day L*«t Ouata Av* High Low Stno Company Sal* *or- COOO) High Low Buyer Salter Met ~io4 3 1 3160 ******1USS US 47.5 *0.5 376 52 46 47" 48 SO 4.5 s 3164 Acma ******4 40 -1 420 43.5 40 40 41
        2,126 words
      • 200 22  -  WARRANT WATCH -By R Sivanithy FOR those who have been following movements in the local market closely, one of the better supported stocks is Lindeteves Jacoberg, which seems to be holding very weU at $2.10-$2.20. To be fair, it has faUen from a $2.74 high
        200 words
      • 211 22 HONGKONG STOCKS 6r Cr 52-W* Last Vgi Day Last Ox<*• W* Mv YM Mat M Cap M>fh Lao Stwa Cim»awy Sata rOOO) La» 8yyar Saiar CV PH $«W 365 T73 5123 COt (*****HK 310 5 12 310 310 305 320 8 3.7 2.6 10.5 6002.1 5124 Camay Pac
        211 words
      • 280 22 AFP n Wellington *2111 NEW Zealand shares rebounded one per cent yesterday as Telecom Corp and Fletcher Challenge Ltd stocks finned, but market volumes continued to be light. The NZSE-40 Index was up 21.69 points to 2,184.59 on weak turnover of NZ555.60 million. —AFP mm *t- r—i **untag>HOJ 2.65
        AFP  -  280 words
      • 312 22 AFP Hmafl* *a»J6 PHILIPPINE share prices surged 4 per cent yesterday, buoyed by Wall Street's rise and bargain-hunting here to end a losing streak stretching back seven sessions. The Philippine Stock Exchange Composite Index closed 89.85 points higher at 2,352.97, having plunged 4.8 per cent on Tuesday. Volume rose
        AFP  -  312 words
      • 381 22 AFP nOompoßtehlg +ISJI SOUTH Korean share prices rose 1.7 per cent yesterday but earlier gains gave way to increased profit-taking towards the close, dealers said. The market extended Tuesday's strong gains, which came as concerns eased over the Daewoo Group's plight, on the back of institutional and foreign buying
        AFP  -  381 words
      • 638 22 AFP PAH Orfaarieg *7 AUSTRALIAN share prices rose 0.2 per cent yesterday but failed to sustain an early push received from a reinvigorated Wall Street, brokers said. The Australian Stock Exchange's key All Ordinaries Index climbed 6.7 points to 3,059.8, the All Industrials Index rose 8.9 to 5,322.4 and
        AFP  -  638 words
      • Article, Illustration
        733 22 AFP F1 Composite Inda +26.04 INDONESIAN share prices closed 4.5 per cent higher yesterday on Wall Street's overnight gains and a technical rebound after recording sharp falls in previous sessions, dealers said. "The market was up mainly due to a technical rebound after slumps in recent days," a dealer
        AFP  -  733 words
    • 7226 23 Transaction date: Jul 28 Of Of M Wt Ml—? 2 Last V* Day Last Ouat# CMv 0*v YM Nat Cm Avf >tNo Company Safr COOP) HtfH Law Buyf SaMaf C'vr E/I )mi Prtet mUHMUSTRY l?.S m b 1000 Acma 50c 130 -1 392 135
      7,226 words
    • 1448 23 Of at m wt 92-Wk LMt Val Day lot Ouot( Mv Ob VN M c«a Avq MN> L— «M» Cl—My m» roooi Mm. Law jwyr 9a8ar Cw M «■< Mm IMMfftEVNM 218 30 c 2049 •ASAvtolOc 174 *19 90S 174 163 173 174 10 N OA '98 7 164
      1,448 words
    • STOCK EXCHANGE OF SINGAPORE
      • 424 24 ESEffiHEHSSBBBHBIDEIi Stacks VoHunt Asia FoodS Prop 31,500,000 Hotung Inv NTS 25,822,000 ICT HKKk 25,418,000 LHT Hldgs 10c 24,175.000 *Genting Int 22,450,000 Golden Aqri USIOc 17,718,000 DBS Land 16,115,000 IPC Corpn5c 14,589,000 ST Engg 10c 12,314,000 Pertama 25c 11,891,000 Umta I DBS Land 56,230,778 City Dev 50c 48,719,156 SPH 46.562,467 0C8C
        424 words
      • 639 24  -  STOCK MARKET GOMMEMTABY Help also from expectations of better economic growth, bnt second-liners still suffering from hangover By R Sivanithy LOCAL blue chips yesterday drew comfort from a confidence-boosting session on Wall Street, a reassuring earnings report from DBS Land and
        639 words
      • ON THE GRAPEVINE
        • 137 24 THE disk drive industry is going through some bad times, with drive makers all posting losses or sharply lower profits. To cheer industry players up, drive maker Maxtor Corp's chief executive, Mike Cannon, started his keynote speech at the Datastor Asia *99 conference yesterday on a more light-hearted
          137 words
        • 93 24 EVEN if few Singaporean musk: lovers (and no Singapore bands) went to the Woodstock '99 Music Arts Fair in Rome (July 23-25), Singapore's own music master was there in full glory. Creative Technology showcased its Lava (Live Audio Visual Animation), a new technology, and its Nomad
          93 words
        • 96 24 OFFICIALS at the Singapore International Monetary Exchange (Simex) must be following closely the tribulations of the Hong Kong Futures Exchange (HKFE) as it attempts to switch to electronic trading. Running into problems during a test run over the weekend, the HKFE has decided to delay the
          96 words
        • 94 24 HOWS this as an incentive to "outperform" at an Aug 11 golf tournament up north. The organisers say that —all in the spirit of ftin, understand— manufacturer Pfizer is offering a year's supply of Viagra as one of the prizes for anyone who scores a hole-in-one at
          94 words
        • 76 24 BORED with typing all those e-mail messages all the time? Fret not. Go to www.mediarlng.com and download Mediaßing Talk. Once you're done, you can send and receive voicemail ova* the Internet by just attaching voice (lies to your e-mail messages, or even chatting online with
          76 words
      • Article, Illustration
        62 24  -  by Wong Wei Kong ST Engineering shares rose 14 cents to $2.06 yesterday on a volume of 12.3 million shares, compared with its 10-day traded average of 7.1 million units. The technical indicators such as the daily and weekly RSI, Stochastics and MACD charts show that the stock
        62 words

  • Page 14 Advertisements
    • 45 14 A "Cats' Mews in Sunday Classified introduces a lot of interesting courses for people of all ages. Other than my own interests, I keep a look out for those that will enrich my son's development" Amtf Tan, mother of an 11-year-old Boyh Sdlit FtediL 1
      45 words

  • Page 15 Advertisements
    • 152 15 Some things in life are specifically designed and built to inspire awe. The new Bora is one of them. While it's quick to catch attention with its attractive design, it has even more to offer once you're in the car. With its superb handling, you'll discover a new pleasure in
      152 words

  • Page 16 Advertisements
    • 2144 16 ODBSBANK I THE DEVELOPMENT BANK OF SINGAPORE LTD I (Incorporated in the Republic of Singapore) I To: All Shareholders I 1. UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1999 I The Board of Directors of The Development Bank of Singapore Ltd wishes to make the following announcement: I
      2,144 words

  • Page 17 Advertisements
    • 103 17 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa i Full oomihee, management, corporate secretarial and professional'administiation services are available. We specialize in offshore trusw, offshore banks, and captive insurance companies for qualified applicants. For
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    • 8 17 Bday BieJaitel ijEfjMf mkimt tSIS-S lifhs «ns» H^laWT! «*«>
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  • Page 18 Advertisements
    • 201 18 Finlayson Global Corporation Limited (incorporated with limited liability in the Republic of Singapore) Euro 437,500,000 Zero Coupon Guaranteed Privatisation Exchangeable Notes due 2004 5520,000,000 Zero Coupon Guaranteed Privatisation Exchangeable Notes due 2004 U*****,500,000 Zero Coupon Guaranteed Privatisation Exchangeable Notes due 2004 (together the "PENs") payment and exchange obligations unconditionally and
      201 words
    • 29 18 I Viit I ourn an education institution. The Straits Times Classified is my course to success. t Buy H. Sdl It. Find K. 1800-737-1166 Call Today For Results Tomorrow.
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  • Page 22 Advertisements
    • 173 22 Daniel Jeanßichard Commemorative stamp (1941) This superb creation bears the Daniel Jeanßichard signature and is paying homage to Daniel distinguished by the originality of its strong, smooth lines. Housing an automatic Jeanßichard. a celebrated chronograph movement, the curved stainless steel case is water-resistant to HB watchmaker known as the V■
      173 words


  • Page 24 Advertisements
    • 1900 24 Toothache? See your dentist, investment advice? You need DBS Investor Online. Get the Best. Cvi'i us r 323-3955 >I< I )USBANK NOTICES To advertise call tof? "300-741 1883 Fax Nrr 741 1298 NOTICE IS HEREBY GIVEN that I, GOH LIM HUA of Blk 1 Evcrton Park *05-31, Singapore *****1, have
      1,900 words
    • 334 24 IN THE MATTER OF THE COMPANIES ACT, CHAPTER. 50 AND IN THE MATTER OF CHONG MOH OFFSET PRINTING PTE LTD (In Creditor*' Voluntary Liquidation) Extract of the minutes at an Extraordinary General meeting of members of Chong Uofi Offset Printing Pte Lid convened and held at Don Ho Associates. The
      334 words

  • SHIPPING TIMES
    • 321 25 Bridge News, Reuters THE tone of the Atlantic Panamax market remains firm with talk of a higher rate for a wheat cargo to Egypt The Pacific market continues to see fixtures concluded at soft levels. TAMREBSi Caribbean and east coast Mexico Aframax rates were again static at around
      Bridge News,; Reuters  -  321 words
    • 269 25 mm J5L CWT Distribution 143 0.03 92 CftuanHup 1J3 0.06 1220 Coaca Invaatmant 1.29 0.01 74 frataMLMu 0J8 O.Oi 6126 GBHoWigj 0.97 OOI 200 Hal Sun Hup 0.82 (XX)4 M4 IMC HeWme-M* MO uneft 0 Jay« Holdings 1.09 0.04 704 Jurong Shipyard 7.93 0.25 IM KappalCarp WO 0.29
      269 words
    • 503 25  -  Growth of transactions expected to be focused on S'pore, HE markets By) Marcus Hand [SINGAPORE] Neptune Orient Lines' (NOL) container shipping arm, APL, says that the number of Internet transactions by its Asian customers is set to soar over the coming
      SIEW YAW HOONG  -  503 words
    • 73 25 [TOYO-CHO, Kochi] The 6,500-ton Muroto Ferry (above) ran aground about 200 metres off the coast of its destination the south-western town of Toyocho, Kochi Prefecture. The vessel was blown ashore by high winds while trying to dock at the port. Maritime Safety Agency officials
      AFP  -  73 words
    • 746 25  -  NEWBUILDS By\ David Hughes IT has been yet another hectic fortnight in the newbuilding scene. This week's list features most types of vessel, from very large crude carriers (VLCCs) to bulk carriers. The latter type of vessel are once more popular despite the continuing generally
      746 words
    • 91 25 AFX-Asia [SEOUL] Hyundai Heavy Industries Co Ltd said it won a US$3OO million (SSSO7 million) order from Bernhard Schulte of Germany to build 10 container ships. Hyundai has secured firm orders for 35 vessels worth about US$l.B billion and exchanged letters of intent to build 20
      AFX-Asia  -  91 words
    • 188 25 Reuters [HONGKONG] The Hongkong government has not issued any conditional approval to Cheung Kong (Holdings) Ltd for the development of a second cruise terminal in the territory. Hongkong director of planning Bosco Fung said that no conclusion has been reached on
      Reuters  -  188 words
    • 272 25 Reuters [JUNEAU. Alaska] A cruise ship struck a rock in a gla-cier-filled fjord in south-east Alaska on Tuesday and began sinking but all 94 passengers were rescued. Coast Guard officials said. The 58-metre Spirit of 98 ran aground in the mouth of Tracy
      Reuters  -  272 words
    • 543 26 SEX AFLOAT US cruise lines promise to report all sea crimes after being stung by news of sexual assaults on their holiday liners -Reuters [MIAMI] STUNG by news of seagoing sexual assaults, America's biggest cruise lines declared a tougher anticrime policy on Tuesday and promised to
      -Reuters; FILE PHOTOS  -  543 words
    • 196 26 PAGE Djak Lloyd 8 g Dongnama 3 AHL 3 ECU Line 6 i Accord 8 ECL 4 Appenship 5 6 Austral 8 8 c 6Link 4 Baiaii Shpg 5 Gemartrans 6 BSA 7 Hangli 7 B tang Mas 8 Han)in 3 CCNI 7 Heung-A 4 CMA 8
      196 words
    • 17628 33 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Heme Number Number SIN Dest'n None Name Number Number n/00 05/09 CSAV IWATO 019S 45-*****55 To ABIDJAN (ABJ) 2003 Cote D'lvoire n/oo 05/09 Norsui iwato oi*s 65 *****33 06/08 06/09 Setramar
      17,628 words
    • SHIPS IN PORT
      • 697 37 V IS *I Voy No Berth Arrival Departure Jrai Part *t« 33 J16 28/07/725 38/07/2000 S*Umat ***** J03 28/07/720 28/07/2300 Bt R*o 4 KJ799 J01 28/07/8:10 29/07/500 Pu 2509 2207 J12 28/07/820 29/07/8^)0 0 SejaMera ***** J02 28/07/755 29/07/23:00 Bt Citradaya ***** J01 28/07/8:00 31/07/0:14 C Success 28-Jul
        697 words
      • 1774 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Ritls Ship Voy No Etb/Btr Period From To From Ac i (KMu on# 30/0700 U 28/1500 28/059 28/000 28/1500 28/1659 28/WOO a 21/1700 29/0659 29/0*00 21 2I/T7CO 29/0659 29/0900 3 29/0700 29/1159 29/1400 4 29/1200 29/1459 29/1700 MlCM MM
        1,774 words
      • 191 37 An# 2 Ireland-Republic Of: August Holiday. AaffS Singapore: National Day. South Africa: National Women's Day. Anf 12 Thailand: HM Queen's Birthday. Anf IB Belgium: Assumption Day. Hong Kong: Sino-Japanese War Victory Day. Luxembourg: Assumption Day. Aagl7 Indonesia: National Day. Ang 29 Philippines: National Heroes Day. Ang 30 United
        191 words
      • 776 37 THIS report, complied by Cockett Marine Oil Ltd. shows price ranges In US dollars Instead of tingle price* for a more comprehensive description of the market Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the Individual
        776 words
      • 466 37 Carbon WO Ma> 990.4 8.1 173 0.10 78 0/F Jul 22 DmsHt «Mt«r NiMm Ask Aluminium Sediment Mo above E25 0 2 3 0 0 1 380 Ave 906.5 0.4 142 0.07 39 0.02 380 Mai KX)5.0 12 20.8 0.M 235 0.08 «Wri in M/M M/M
        466 words
    • AIR & LAND TRANSPORT NEWS
      • 223 38 Bloomberg [MANILA] Philippine aviation regulators agreed to shorten a 30-day suspension of China Airlines' HongkongManila route to 15 days after meeting CAL officials from Taiwan, CAL said. The Philippine Civil Aeronautics Board "suddenly" notified CAL last Monday that it would suspend
        Bloomberg  -  223 words
      • 471 38 Bat govt says such fears are groundless as safeguards are written into sell-off plans AFP [LONDON] Some aviation experts have warned that the British government's plan to privatise the air traffic control network may put public safety at risk. But
        AFP  -  471 words
      • 294 38 9.6 m people passed through airport in first half Bloomberg [ZURICH] Flughafen Zurich, which manages Zurich's international airport, said 6.5 per cent more passengers passed through the airport in the first-half of 1999, as more scheduled flights offset a decline in charter flights. The airport
        Bloomberg  -  294 words
      • 454 38 Financial Times [FRANKFURT] Volkswagen, Europe's biggest carmaker, yesterday warned margins would remain under pressure this year in spite of a stronger than expected European car market and a surge in US sales in the first half. Ferdinand Piech, chairman, said the group
        Financial Times  -  454 words
      • LOG Book
        • 80 38 AFP [BAGUIO, Philippines] A small plane crashed in the northern Philippines early yesterday and all eight people on board are missing, a military source here said. The wreckage of the King Air plane was found in the village of Luboluban near the town of Cervantes, said
          AFP  -  80 words
        • 84 38 Reuters [GENEVA] SAirGroup parent of airline Swissair, is considering renewing ties with Delta Air Lines or linking up with British Airways, be Temps newspaper said yesterday. "There are more and more signs that there are discussions with British Airways," the paper quoted a high-ranking company source
          Reuters  -  84 words
        • 63 38 Reuters [TAIPEI] Taiwan's leading carrier China Airlines said yesterday it had issued NTtB.5 billion (***** million) in note issuance facilities (NIFs) to raise operating funds. 'The ftinds would provide low-interest loans, which would help lower operating costs," said an executive at China Airlines. First
          Reuters  -  63 words
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  • Page 26 Advertisements
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  • Page 37 Miscellaneous
    • 128 37 LEGEND: R Thunderstorm Temperature c AS, v Shower Weather Wind direction with speed in knots Rom V-/ Cloudy Sky Wove h <'*" Surface winds ore mdicoted by arrows which tty with the wind C*) One full circle represents calm or light ond variable winds One holt Heche represents 5 knots
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  • Page 38 Advertisements
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