The Business Times, 30 July 1999

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Microfilm: NL21515
Total Pages: 54
1 54 The Business Times
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  • Title Section
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    13 1 THE BUSINESS TIMES Mil 85* SINGAPOR E Internet: http://business-times.asia!.com.sg/ FRIDAY, JULY 30, 1999
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  • Article
    Lock icon MARKET SUMMARY
    66 1 □m *****0 (+69.05) mm M U ***** (+28.59) flsmsapnTDSES U MHO (+11.70) STOCK BASKET DOMES Thursday Chance KLSE COUP 774J2 -7.86 NIKKEI 17.86M2 +2*0.01 HANG SENG 13,117.84 -H68 SET INDEX 468.82 -t» JAKARTA OOMP 6I«.« +17.17 MANILA COMP _-1364.09 +11.12 TAIPEI WP! 7JMJ7 126.13 SEOUL COMP mil +§428
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  • Article
    Lock icon FINANCE
    75 1 FOBS SATO uss ss m 1.686 £(l$S/S$ per 1.600 1697 EURO(USS/SS per E) 1.069 1.802 DM 1.830 0.921 YEN 115.7 1.467* RM 1800 ***** HKS 7.762 0117 BAHT S7.M 0.046 MJPiAH 6,816 0.016 •StUlOtunUs FUME BATES SINGAPORE* 5.80 KUALA LUMPUR 716 JAKARTA 40.00 BANGKOK 10.00 MANILA 11.00 HONGKONG 8.25
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  • Article
    Lock icon Sharp rise in US labour costs spooks Wall Street
    546 1 Dow Jones skids 200 points before steadying with loss of 172 points at 12.30pm Reuters THE Dow Jones Industrial Average dived 200 points yesterday morning as the benign effects of a sharper-than-expected slowdown in the US economy in the second quarter
    Reuters  -  546 words
  • Article
    Lock icon KL surprises with plan for only 6 bank groups
    872 1  -  Bank Negara sets Sept deadline to bind dozens of financial institutions to a merger From'. Ruth Wong in Kuala Lumpur THE Malaysian central bank yesterday unveiled a startling merger plan to reduce dozens of domestic financial institutions into six large financial
    872 words
  • Article, Illustration
    Lock icon STI surges 3% as investors rush for bank shares
    510 1  -  Index now just 3.5% away from all-time high on Jnly 2 By] R Sivanithy [SINGAPORE] The Straits Times Index rode on a huge re-rating of the entire banking sector to rise a hefty 3.3 per cent yesterday. The surge brings the
    Source: Bloomberg  -  510 words
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      148 1 DtSTOE ■L npr L v> J| it. B&tam's ethnic rifts Ethnic riots on the Indonesian island of Batam, south of Singapore, have left at least nine people dead and caused widespread property damages, P|B AT&T, HO ynfit op US phone companies AT&T Corp and MQ World Com Inc yesterday repented
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      16 1 Market report*, Pgs 20-24 What's powering the roller-coaster ride? Find out in Executive Money, EM 12-14
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      69 1 if Credit Suisse Firs! f Boston economist I guns (or 8.4% S'pore growth ■k mm. g;s w* ll 8^! I I fl .MKg&ig II IL e«fe*£i 'ps^ij ®WJgf >$v3t 1V& 1.^3 jaf»aßSs: l«^?| *vj®Bi3s &.JTH r> ja^K^ j^^M l^H.l V I n (T) I I lotuAV I Singapore, Hilton Hotel,
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon GDP growth could be 6.5% this year: CSFB's Basu
      654 2  -  Q2 growth could be 8.4%; economy firing on all cylinders, says market bull K<h Anna Teo CKKDIT Suisse First Boston's economist P K Basu seems out to keep his name as mar ket bull while others have just caught up with
      Source: CEIC, CSHI  -  654 words
    • Article
      Lock icon Singapore urged to train large pool of financial engineers
      487 2  -  They will help S'pore become finance powerhouse: don By' Wong Wei Kong SINGAPORE needs to train a large pool of financial engineers if it is to become a world-class financial powerhouse, said the presidentelect of the world's largest finance association, Financial
      487 words
    • Article, Illustration
      Lock icon Upgrade skills, BG Lee urges Malays
      432 2  -  By Soh Tiang Keng GEARING up to meet the demands of a knowledge-based economy is a national challenge that involves every Singaporean. But it is an area of particular urgency to the Malay community, because the proportion of low-skilled workers in the Malay workforce
      SIEW YAW HOONG  -  432 words
    • Article
      Lock icon Correction
      92 2 ON Nov 23,1998, we published an article entitled "Local contractors feeling heat from foreign competition", where it was stated that Chinese contractors were accused by local construction companies of "dumping" their cheaper labour here. We wish to clarify that it was not our intention to refer to nor do
      92 words
    • Article
      Lock icon More hard times for disk drive makers
      381 2  -  Maxtor chief urges 'relentless' focus on on-time delivery and quality Jennifer Lien THE Singapore disk drive industry should brace itself for more hard times this year, says the chief executive of Maxtor Corp. To beat the blues, Maxtor chief Mike Cannon said companies
      381 words
    • Article
      Lock icon Precision engineering SMEs get upgrading help
      324 2  -  By' Tan May Ping SMALL and medium enterprises (SMEs) in the local precision engineering industry can now upgrade to 3D com-puter-aided design (CAD) and computer-aided manufacturing (CAM) at a fraction of the usual cost. Gintic Institute of Manufacturing Technology and its partners, Unigraphics Solutions
      324 words
    • Article
      Lock icon Investors need more relevant info on i-One.Net
      196 2  -  H H Lee YOUR articles on i-One.Net (BT, July 28) are interesting. However, while the fact that the company was in CPF arrears is interesting, it is not really important now. You do seem to have missed out on getting more important current
      196 words
    • Article
      Lock icon Share buyback auction won't erase tax abuse, says MOF
      228 2  -  Fong Yong Kian Director (taxation) Ministry of Finance WE refer to Teh Hooi Ling's article "Share buybacks: NUS don urges COE-type auction" iBT, July 23). In that article, Jennifer Mao expressed the iew that something is wrong when one makes a
      228 words
    • Article
      Lock icon SimexETS available only through clearing members
      167 2  -  Raymond Chow Vice-president, Public Affairs Education Singapore International Monetary Exchange Limited WE refer to the report by Siow Li Sen in BT yesterday regarding the Simex Electronic Trading System (ETS). We wish to clarify and reiterate that the new Simex ETS will be available
      167 words
    • Article
      Lock icon Share options: consider flip side
      202 2  -  N Narayanan I REFER to your reports "Firms do better with wider staff stock options: Dr Tan" and "Option gains tax: go beyond deferral" (BT, July 23). I hope I am correct to presume that stock options are, in general, offered at the current market
      202 words
    • Article
      Lock icon S'pore bourse not inefficient
      143 2  -  Tony Yan 1 REFER to the Hock Lock Siew column 5 pore s share market as naive and inefficient as it ever was" (BT, July 22). The examples given by your writer, R Sivanithy, to show that the Singapore share market is inefficient because of price
      143 words
    • Article, Illustration
      Lock icon The delicate art of handing over power – right time, right way
      998 3 The delicate art of handing over power right time, right way SM LEE INTERVIEW ON CNN The following is a transcript of Senior Minister Lee Kuan Yew's interview with CNN's Maria Ressa on July 23 at the Istana QUESTION: There have been dramatic changes going on in Indonesia. What are
      FILE PHOTO  -  998 words
    • Article
      Lock icon Eleven out of 20 properties put up for auction sold
      349 3  -  Lower range and more realistic pricing help: JLL By i Corinne Kerk THANKS to a lower range of properties and more realistic pricing, Jones Lang LaSalle (JLL) had better success at yesterday's auction compared to recent auctions. The property agency
      349 words
    • Article
      Lock icon All 8 bids for Duchess Park below reserve price
      257 3  -  By. Rahita Elias A COLLECTIVE sale of eight townhouses and nine apartments at Duchess Park attracted eight bids, but none reached the reserve price of $46 million, according to industry sources. The tender, which closed on Wednesday, is said to have
      257 words
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      30 3 VL 14 <*.. rS f* LE TEMPS CHANEL THE MADEMOISELLE COLLECTION STAINLESS STEEL WATCH KID STRAP* DEPLOYANT BUCKLE SAPPHIRE CRYSTAL MADE IN SWITZERLAND. 'AVAILABLE IN PASTEL BEIGE. BLUE. GREEN AND PINK.
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  • ASIA ON THE MEMO
    • Article, Illustration
      Lock icon Japan cheered by 3% industrial output jump
      574 4  -  Surge in Jane boosts stocks, poshes yen to higher levels Pron Anthony Rowley in Tokyo JAPAN'S industrial output surged by 3 per cent in June nearly double the level most analysts had expected bolstering market confidence that the economy is at last pulling
      Source: Reuters/ Bloomberg  -  574 words
    • Article, Illustration
      Lock icon S$ rally stalls as banks step up buying of US$
      460 4  -  Batam tensions also to blame for nnit ending at 551.6860 By Larry Wee [SINGAPORE] After a fourth jab at higher highs in as many trading sessions, the Singapore dollar fell back almost two cents to 551.6920 against the US dollar
      Source:  -  460 words
    • Article
      Lock icon S&P report too negative on South Korea, say analysts
      384 4 Reuters [SEOUL] South Korea does not face a new debt crisis through stalled corporate restructuring, as claimed in a report by credit ratings agency Standard Poor's, analysts and Korean officials said yesterday. "I think S&P is too negative. We have to
      Reuters  -  384 words
    • Article
      Lock icon Capital flight from KL not seen for Sept 1
      490 4 Analysts also see mated inflows with easier capital curbs AFP [KUALA LUMPUR] Analysts yesterday ruled out a mass capital flight from Malaysia come Sept 1 when capital curbs are eased to allow the repatriation of investments without punitive taxes. But neither
      AFP  -  490 words
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      1001 4 0 Banco do Brash BALANCE SHEET STATEMENT OF INCOME j (In accordance with Brazilian Corporation Law YEAR ENDED DECEMBER 31.1998 I In R$1,000) I YEAR ENDED DECEMBER 31,1998 I Dec. 31.98 Dec. 31.97 I Dec. 31.98 Dec. 31.97 INCOME FROM FINANCIAL I BROKERAGE 22,987,085 15,050,878 I ASSETS EXPENSES WITH FINANCIAL
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      42 4 Can US remain growth engine with weak US$? Pgll Weak yen a matter of survival for Japan, Pg 13 kjj cue! £■4 J Your weekly guide to pubs and lounges fc w rif every Friday in The New Paper Fastads fSStSMRS f
      42 words
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      4 4 Daewoo Debacle, Pg 8
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Ethnic riots flare on Batam; at least nine people dead
      478 5 BATAM Transport links with S'pore not affected; 250 police brought in Bloomberg ETHNIC riots on the Indonesian island of Batam, south of Singapore, have left at least nine people dead and caused widespread property damage, eyewitnesses and officials said. At
      Bloomberg; REUTERS  -  478 words
    • Article
      Lock icon Batamindo Industrial Park unaffected
      242 5  -  SINGAPORE By. David Boey THE bloody riots on Batam island have not affected operations at the Batamindo Industrial Park, which is run by a unit of listed SembCorp Industries (SCI). Responding to queries from BT, SCI unit Batamindo Industrial Management released a brief statement yesterday, saying:
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    • Article
      Lock icon Businessman wanted by US authorities quits as Estrada adviser
      288 5 MANILA AFP AN adviser to Philippine President Joseph Estrada who is wanted by the United States government has resigned from his government post, presidential spokesman Fernando Barican said yesterday. "The president accepted today the decision of businessman Mark Jimenez to de-
      AFP  -  288 words
    • Article
      Lock icon Megawati challenges Habibie
      400 5  -  She warns he could face charges under her regime From Shoeb Kagda in Jakarta LEADING Indonesian presidential candidate Megawati Sukarnoputri yesterday threw down the gauntlet to President BJ Habibie, warning that he could be brought to trial under her administration. "All criminals, including those that have committed
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      291 5 ■bhhhm|HHßHHHßH^^BHl^BH|hhhbhhiihihhh|HHHHßHHHHH^ 1 10~- "p* r free flights come easier with Asia's most rewarding frequent flyer programme, Asia Miles. You can now redeem flight to Hong only Asia Miles. That's an 40%. What's can along a *****.00. This October 1999. Fly Cathay Terms Conditions Collyer Quay, Ocean Building, Singapore (A) HOW
      291 words
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Lock icon China unveils plan to boost stock market and economy
      519 6 SHANGHAI Listed, state-ran firms to be allowed to buy shares in IPOs of big companies Reuters AFP CHINA yesterday unveiled a long-awaited plan to boost share prices and help spur the sluggish economy. China will allow listed and state-run firms to
      Reuters; AFP; Source: Reuters/ Bloomberg  -  519 words
    • Article
      Lock icon China central bank moving warily on plan to fund brokers
      356 6 BEIJING It's not keen to see massive flows of bank credit into stocks again Reuters CHINA'S central bank, worried about the high risks involved in the stock market, is dragging its feet on mapping out a plan aimed at opening
      Reuters  -  356 words
    • Article
      Lock icon Beijing could slap trade sanctions on Taiwan: report
      300 6 TAIPEI Textile industry seen as target; China is Taiwan's 3rd biggest export market AFP CHINA may impose trade sanctions against Taiwan, targeting the textile industry, in retaliation for President Lee Teng-hui's claims to statehood, the Economic Daily News said yesterday. According to
      AFP  -  300 words
    • Article, Illustration
      Lock icon Oxbridge boat race, Beijing-style
      61 6 [BEIJING] Spectators line the banks of a canal in northern Beijing to watch China'sfirst ever Oxford-Cambridge-style boat race on Thursday. The race, which was between China's top Beijing University (in white hats) and Qinghua University (in front), got off to a start after a year-long project
      REUTERS  -  61 words
    • Article
      Lock icon HK reaffirms '99 growth forecast
      363 6 ■HONGKONG But economists see lower foil-year GDP than last year's Reuters HONGKONG'S top economist said yesterday that the government stood by its forecast that the economy would show a little growth this year, but private economists are not so optimistic. Government economist KY Tang said
      Reuters  -  363 words
    • Article
      Lock icon China allows US militaiy plane to land in HK
      310 6 HONGKONG Reuters China has lifted a ban on US military flights to Hongkong, imposed after Nato bombs hit Beijing's Belgrade embassy in May, giving permission for a US Air Force cargo aircraft to land in the territory yesterday. It was another
      Reuters  -  310 words
    • Article
      Lock icon China declines comment on Everbright chief
      219 6 BEIJING ZhnXiaohua believed to be nnder probe; reports Reuters CHINA'S central bank declined to comment on Hongkong media reports yesterday about an official probe of a senior domestic financier. "We have no comment on the reports," said a spokesman for the central People's Bank
      Reuters  -  219 words
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      3 6 ITODAY©^*** ilJanfte Zaobao
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      209 6 I Senior Money Market Derivatives Trader Deutsche Bank is one of the world's largest and The successful candidate most prominent financial institutions. We are a w You must have: global bank with a network that spans Europe, Asia Pacific and the Americas. This presents you with Strong technical and mathematical
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      105 6 NOTICE IS HEREBY GIVEN that I.THAM CHEE MENG of Blk 498 M #09-496 Tampines 5t.45 Singapore *****8, have applied for a Ist Class, Beer House licence in respect of M/s Tea Station located at No. 8 Shenton Way #81-08 Temasek Tower Singapore *****1, and that this application will be considered
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      15 7 There's only one thing that remains constant in today's world of banking and finance. Change.
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      1057 7 Come along to the IBM Solutions for Network Financial Institutions Seminar and discover the latest developments in this rapidly changing sector. The world of finance is changing at a frightening rate. Ixxig gone are the days where bankers could sit back, hand out the odd mortgage and rely on people
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  • ASIA
    • Article
      Lock icon Foreign creditors meet to discuss US$6b debt exposure
      458 8 DAEWOO DEBACLE Bankers upset by lack of information, Daewoo's deal with Korean creditors Bloomberg [SEOUL] Daewoo Group's international creditors met to discuss their US$6 billion (Sslo.l billion) in exposure to the near-insolvent Korean conglomerate, financial regulators said yesterday. "A group of foreign
      Bloomberg  -  458 words
    • Article, Illustration
      Lock icon Disappearing on that 'last day'
      57 8 [MELBOURNE] A partial eclipse of the moon as it passed through the Earth's shadow above Melbourne skies on Wednesday, the day Nostradamus predicted the world would end. A partial lunar eclipse occurs when a full moon passes partially into the shadow of the Earth, causing
      REUTERS  -  57 words
    • Article
      Lock icon Changes in India telecoms policy spark major row
      763 8  -  Switch violates election code of condnct: opposition From Yogi Aggarwal inNew Delhi < A MAJOR political row has broken out in India over the BJP-led government's decision to change the terms of licensing fees for cellular and basic telecoms operators from a
      763 words
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      37 8 PaciFic S Internet^ we reward our 'j loyal Subscribers with a new beat in life! J Specially for our loyal Wm mSBBP..' I Pacific Internet Subscribers S HOTLINE: 1800-872 14V) Sign-up HOTS ITE: www.paciFic.net.sg 24-hr Helpdesk:)lBoo-87 0
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  • THE WORLD
    • Article
      Lock icon US banks ready for Y2K, says Fed governor
      252 9 I WASHINGTON Bloomberg THE US banking system won't break down because of year 2000 computer problems, said Federal Reserve governor Roger Ferguson yesterday. "The Federal Reserve is ready for the Year 2000," Mr Ferguson said in a speech at George Washington University.
      Bloomberg  -  252 words
    • Article, Illustration
      Lock icon Strong US$ policy stays, say Clinton officials
      616 9  -  Bat they say they are not taking steps to boost greenback From Leon Hadar in Washington LED by United States Treasury Secretary Lawrence Summers, Clinton administration officials have been stressing again and again that they are committed to a strong dollar policy and
      FILE PHOTO  -  616 words
    • Article
      Lock icon EC challenges European contracts with NSI
      413 9 BRUSSELS Reuters IN a move to prevent monopolies over the Internet, the European Commission said yesterday it had challenged European contracts entered into by Network Solutions Inc (NSI). the US firm that allocates website names throughout the world. The US has already taken steps
      Reuters  -  413 words
    • Article
      Lock icon Credit Suisse unit's licence revoked
      372 10 TOKYO Tokyo unit offered 'inappropriate' financial products, say Japan regulators AFP JAPANESE financial regulators said yesterday they would revoke the banking licence of a Tokyo branch of Credit Suisse Group AG after a seven-month investigation into the Swiss banking giant. The firm offered financial products
      AFP  -  372 words
    • Article
      Lock icon US govt considers breaking up Microsoft
      191 10 NEW YORK Bridge News AFTER several failed attempts to settle an anti-trust dispute out of court, the US government is refocused on breaking up Microsoft, reports USA Today. Some competitors wonder if two or more Microsofts might be worse than competing against one. But
      Bridge News  -  191 words
    • WORLD Watch
      • Article, Illustration
        Lock icon Glenda Jackson quits Blair's govt
        80 10 Reuters [LONDON] Former film star Glenda Jackson has resigned as a British minister to campaign for mayor of London, stealing the limelight in Prime Minister Tony Blair's low-key government reshuffle. Ms Jackson, a junior transport minister since Mr Blair swept to power in 1997, set
        Reuters  -  80 words
      • Article
        Lock icon Russia asks oil firms to raise cutput
        82 10 Reuters [MOSCOW] The Russian government has asked the country's oil firms to boost output in exchange for leaving the export tariff at a relatively low five euros per tonne, Fuel and Energy Minister Viktor Kalyuzhny said yesterday. He told a news briefing that
        Reuters  -  82 words
      • Article
        Lock icon Clinton repeats tax cut veto threat
        83 10 AFP [WASHINGTON] US President Bill Clinton yesterday again threatened to veto congressional Republicans' US$792 billion (S$l 3 trillion) tax cut proposal, calling it "Irresponsible". Senate Republicans earlier this week defeated a Democratic effort to scale back the tax cut plan, and appeared on track
        AFP  -  83 words
      • Article
        Lock icon IMF approves US$2.3b loan to Brasil
        95 10 Bloomberg [WASHINGTON] The International Monetary Fund (IMF) approved a US$2.3 billion (S$3.9 billion) loan payment to Brazil, money that some investors expect Latin America's largest economy to turn down because of its improving economy. "Inflation has remained relatively low and economic activity is showing
        Bloomberg  -  95 words
    • Article
      Lock icon 3 euro-zone surveys show better prospects
      513 10 LONDON French, Dutch, Italian data boosts hopes of H2 rebound Reuters FURTHER evidence of a recovery in the euro-zone economy emerged yesterday as surveys in three countries showed businesses and consumers taking a brighter view of their prospects. The data from France, the Netherlands
      Reuters  -  513 words
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      246 9 Deciding i between them; will leave you i in knots! SUNDAY, I AUGUST 1999 TUDOR BALLROOM, GOODWOOD PARK HOTEL I VIEWING: 10AM I I .45AM AUCTION: 12PM SHARP Vivid tribal rugs or mellow-hued antiques, 1 thick-piled Gabbehs or subtle glowing Qums, nomadic weaves or workshop masterpieces you'll find them all
      246 words
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      300 10 WpODLANDS Fl H W *^II? latest stock-up factories offer the convenience of bided ft and the space efficiency of mulfrstorey devetepments. The factories ot Wowßonds Spectrum ore stocked 3 levels vehicular exclusive parking and even landscaping. as though you nem feft tdgrmid! m>■ ~'%*>{ mmv :$I" I; J -\v- 2fT
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Corporate kiasuism at its PR-driven best.
      861 11  -  THE BOTTOM LIVE OPINION By* David Mason The writer was a partner in an international accounting firm in Singapore for 14 years. He is now a business consultant in the United Kingdom. He contributed this article to BT. IN the last few weeks, I
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    • Article
      Lock icon IN OTHER WORDS
      89 11 'Dentistry is much like pastry. It's artistic, creative and very scientific.' Dr Bert GoMfinger, 47 a New York dentist, who spends two evenings and all day Saturday in the pastry kitchen at be Cirque2ooo, a famous New York eatery as an unpaid worker. 'Manchester United is a
      89 words
    • Article
      Lock icon Asean on the road
      604 11 EDITORIAL AFTER two years of gloom and doom, it's a relief that the dark clouds over the Asean economies seem to be clearing away finally. That good news emerged from the just-concluded series of Asean-based meetings in Singapore, first among the grouping's own foreign ministers, and
      604 words
    • Article, Illustration
      Lock icon Can US remain growth engine with weak US$?
      1160 11  -  A gradual weakening may help correct some imbalances bat a sharp fall will hit global growth Byi Alan Beattie, Philip Coggan FT THE world has grown to depend on a strong dollar in the past four years. It has damped down US
      FT; FILE PHOTO  -  1,160 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      977 11 Snparpovrtr parados THE United States now faces something of a superpower paradox. Our supremacy in the conventional arena is prompting adversaries to seek unconventional, asymmetric means to strike our Achilles' heel. At least 25 countries, including Iraq and North Korea, now have or are in the
      977 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon UOB buying big stake in Manila bank
      597 13  -  It will pay $132mfor controlling interest in Westmont Bank; move pnts pressure on rival OCBC By! Siow Li Sen {SINGAPORE] United Overseas Bank yesterday announced that it has agreed to buy a controlling interest in Westmont Bank of Philippines for $132 million, a
      597 words
    • Article
      Lock icon Koh Brothers bags two govt contracts worth $66m
      473 13  -  It's looking for prime residential development land By David Boey [SINGAPORE] Koh Brothers, a mainboard-listed construction and property group, has bagged two government construction contracts worth $66 million and is on the lookout for residential development land. The two orders bring the
      473 words
    • Article, Illustration
      Lock icon BuzzCity: venture capitalists coming in
      414 13  -  OCBC-WBL-W&lden venture said to be ejecting $2m By, Jennifer Lien [SINGAPORE] The venture capital group of OCBC and WBL Corp is one of two new investors injecting some $3 million into homegrown Internet start-up Buzz City, sources say. The group, OCBC Wearnes Walden (OWW), yesterday
      FILE PHOTO  -  414 words
    • Article
      Lock icon Weak yen a matter of survival for Japan
      956 13  -  HOCK LOCK SIEW Anthony Rowley Trouble often comes from unexpected quarters and the sudden strengthening of the yen has revealed a little anticipated source of vulnerability in the Tokyo stock market. The reason why many investors were taken off guard was that
      956 words
    • Article
      Lock icon Bank shares soar, led by DBS
      712 13  -  By\ Siow Li Sen [SINGAPORE] DBS Bank led Singapore bank shares yesterday in a strong rally after Singapore's biggest bank reported a 300 per cent jump in interim profit to $655 million. DBS' unexpectedly strong results announced on' Wednesday also sparked a scramble by
      712 words
    • COMPANIES
      • Article
        Lock icon Hiap Moh returns to profit with $258,000 gain in H1
        300 14  -  By, Jennifer Lien [SINGAPORE] Paper merchant Hiap Moh, an associate of SNP Corp, returned to the black in the first half with a $258,000 net profit, in contrast to a previous loss of $753,000. The group said it returned to
        300 words
      • Article, Illustration
        Lock icon Star Cruises Q2 gain up 5 times, places orders for 2 megaships
        448 14  -  CORPORATE RESULTS Cruise operator seeks shareholders' OK to place oat 31.2 m shares By' Wong Wei Kong [SINGAPORE] Buoyed by a massive jump in its second quarter earnings, cruise operator Star Cruises pic is placing orders for two
        FILE PHOTO  -  448 words
      • Article
        Lock icon Ipco's full-year loss widens
        357 14  -  By Rahita Elias [SINGAPORE] Infrastructure developer and contractor Ipco International, which recently went through a bitter boardroom struggle, has sunk deeper into the red. In the year to April 30, group net loss worsened 5 per cent to nearly $40.7 million. However, loss per share dropped
        357 words
      • Article
        Lock icon Keppel FELS' US subsidiary bags US$100m contract
        294 14  -  By l Conrad Raj [SINGAPORE] Amfels Inc, the US subsidiary of Singapore rig builder Keppel FELS, has clinched a US$lOO-million (Ssl6B million) contract to build a multi-purpose vessel for Cal Dive International, a Nasdaq-listed company which owns and operates semi-submersibles and a fleet
        294 words
      • Article
        Lock icon Keppel Corp seen posting strong interim results
        492 14 Keppel T&tLee Bank expected to be main earnings driver Reuters [SINGAPORE] The Keppel Corporation Ltd should announce strong first half profit boosted by contributions from its bank and property divisions, analysts said yesterday. Diversified Keppel Corp and its seven Singapore-listed units were expected
        Reuters  -  492 words
      • COMPANY Briefs
        • Article
          Lock icon Tibs-SMRT merger details delayed
          53 14 [SINGAPORE] Tibs Holdings and Singapore MRT yesterday said they needed more time to finalise details of their merger. They now expect to announce these details in the fourth quarter. Earlier, the two companies had said they would announce the basis and terms of the proposed merger
          53 words
        • Article
          Lock icon DBS debt issue gets good ratings
          62 14 [SINGAPORE] DBS Bank yesterday said its proposed Tisr 2 capital raising plan, which includes a subordinated debt issue, had received favourable credit rating by three leading International rating agencies. For the proposed subordinated debt issue, Moody's gave an A 1 subordinated debt rating, while
          62 words
        • Article
          Lock icon Saingatronics seils off Candela stake
          57 14 [SINGAPORE] Singatronics Asset Holdings has successfully divested its entire interest in Nasdaq-listed Candela Corporation. The divestment was carried out in conjunction with Candela's recent secondary public share offering It will result in a capital gain of $8.8 million, which will be booked into Singatronics group's
          57 words
        • Article
          Lock icon GES awarded US$30m OEM contract
          48 14 [SINGAPORE] GES International has been awarded an original equipment manufacturing (OEM) contract to produce liquid crystal display (LCD) monitors for Taiwan-based Prisma Graphics Systems Inc. GES expects the deal to generate about US$3O million (5150.4 million) in revenue over the next 12 months.
          48 words
        • Article
          Lock icon Mokhzani's Pastai raises Phileo stake
          93 14 Bloomberg [KUALA LUMPUR] Pantai Holdings Bhd, a Malaysian healthcare company owned by Prime Minister Mahathir Mohamad's second son Mokhzani Mahathir, said yesterday that it had raised its stake in Phileo Land Bhd to 28.15 per cent Pantai bought an additional 6.7 per cent at a
          Bloomberg  -  93 words
    • REGIONAL COMPANIES
      • COMPANY Briefs
        • Article
          Lock icon ASX-BFE merger lessens competition?
          74 15 Bloomberg [SYDNEY] The Australian Competition and Consumer Commission said yesterday it "remains concerned" that the Australian Stock Exchange Ltd's bid for the Sydney Futures Exchange will "substantially lessen competition" in the domestic financial services market. If the ASX is allowed to take over the SFE "the
          Bloomberg  -  74 words
        • Article
          Lock icon Japan telecoms giants eye Tu-Ka units
          73 15 Bloomberg [TOKYO] Japan Telecom Co and DDI Corp, two of Japan's biggest telecommunications providers, said yesterday they are considering taking stakes in the nine Tu-Ka cellular phone companies to expand their business nationwide. Nissan Motor Co will sell most of the shares it holds
          Bloomberg  -  73 words
        • Article
          Lock icon Telstra pays A$19m for bite of Sausage
          82 15 Bloomberg [MELBOURNE] Telstra Corp has paid A 518.9 million (5120.6 million) for 10 per cent of Sausage Software Ltd and has an option to acquire up to 40 per cent of the company. Telstra said it will pay A 51.35 per share for
          Bloomberg  -  82 words
        • Article
          Lock icon ANZ to focus on Asia-Pac business
          72 15 Bloomberg [MELBOURNE] Australia New Zealand Banking Group Ltd, Australia's fourth-largest bank, yesterday announced it will cut back its international operations to focus on the Asia-Pacific region. Details of the new strategy were not immediately available. ANZ tried to position itself as Australia's international business
          Bloomberg  -  72 words
      • Article
        Lock icon Thai Telephone, Shin Corp want alliance within three months
        254 15 AFP Bloomberg [BANGKOK] Thai Telephone and Telecommunications pic executive vice-president Witit Sujjapong said yesterday that Shin Corp pic wanted an alliance between the companies concluded within three months. In a statement filed with the Stock Exchange of Thailand (SET), Mr Witit
        AFP; Bloomberg  -  254 words
      • Article
        Lock icon Siam Cement turns in 3.38b baht profit in Q2
        495 15 Strong baht, paper nnits turn aronnd year-earlier loss of 12.9b baht Bloomberg [BANGKOK] Siam Cement pel, Thailand's largest industrial conglomerate, said yesterday that it had returned to a profit of 3.38 billion baht (*****.6 million) in the second quarter of this
        Bloomberg  -  495 words
      • Article
        Lock icon Shangri-La Asia holders approve hotel buyout plan
        218 15 USs642m proposal will bring all its hotels under one listed company Reuters [HONGKONG] Shangri-La Asia Ltd said yesterday its shareholders had approved its plan to buy out minority shareholders in the listed Shangri-La hotels in Malaysia, Singapore and Thailand. Under the plan, worth
        Reuters  -  218 words
      • Article, Illustration
        Lock icon San Miguel's H1 net jumps 276% to 2.7b pesos
        450 15 Sales slightly lower bat analysts see pick-np in 2nd half Reuters [MANILA] Food and beer giant San Miguel Corp said yesterday net income in the first six months surged 276 per cent to 2.72 billion pesos (*****.8 million), slightly below market
        Reuters; FILE PHOTO  -  450 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon BNP hostile bids for SocGen, Paribas meet legal obstacle
        487 16 SocGen files petition with US banking regulators claiming criminal offence FT AFP AFX-Asia [PARIS] Banque Nationale de Paris' (BNP) hostile bids for Societe Generale (SG) and Paribas took a dramatic twist on Wednesday as it emerged that BNP had failed to
        FT; AFP; AFX-Asia; Source: reuters Graphics  -  487 words
      • Article
        Lock icon DaimlerChrysler Q2 profit slips 0.3%
        408 16 Competition squeezes earnings, US profit hit Bloomberg [STUTTGART, Germany] DaimlerChrysler AG, Europe's largest industrial company, said yesterday that sec-ond-quarter profit unexpectedly fell 0.3 per cent as competition squeezed earnings, pushing its shares as much as 7.9 per cent lower. The German carmaker said second-quarter profit
        Bloomberg  -  408 words
      • Article
        Lock icon Prudential H1 profit down 19%, hit by Egg
        225 16 Reuters [LONDON] Britain's largest life and pensions group Prudential pic reported a 19 per cent fall in first-half profits yesterday, dragged lower by bigger than expected startup losses at its Internet banking unit Egg. Prudential also raised its forecast for the total
        Reuters  -  225 words
      • Article, Illustration
        Lock icon AT&T, MCI WorldCom Q2 profits meet expectations
        647 16 XLBCOM COMPANIES' RESULTS Non-core businesses boost AT&T's by 8%; MCl's almost triples Bloomberg Reuters [NEW YORK] Long-distance US phone companies AT&T Corp and MCI World Com Inc yesterday reported secondquarter results which met or slightly exceeded analysts' expectations, on the back of the
        Bloomberg; Reuters; FILE PHOTO  -  647 words
      • Article
        Lock icon Deutsche Telekom profit down by 4.6%, on price cuts
        479 16 Reports say it's in takeover talks with Sprint, One 2 One Bloomberg Bridge News NYT [BONN] Deutsche Telekom AG yesterday said its firsthalf profit fell 4.6 per cent amid reports that it is in takeover talks with Sprint Corp of the
        Bloomberg; Bridge News; NYT  -  479 words
      • Article
        Lock icon British Telecom Q1 net profit up 9.8% to £534m
        316 16 Bnt shares drop up to 4% over firm's higher spending Bloomberg Reuters [LONDON] British Telecommunications pic, the UK's second-largest phone firm, said first-quarter net income rose 9.8 per cent, as Britons made more calls via the Internet and with mobile phones.
        Bloomberg; Reuters  -  316 words
      • Article, Illustration
        Lock icon Compaq's Q2 loss at US$184m, plans to cut 12% of workforce
        628 17 PC maker plans to take Q3 charge of op toUSs9oomasit revamps to cut costs Bloomberg [HOUSTON] Compaq Computer Corp, which reported a second-quarter loss of US$lB4 million (*****.1 million) or 10 US cents a share on Wednesday, will cut
        Bloomberg  -  628 words
      • Article
        Lock icon Apple to invest US$100m in Samsung unit
        476 17 Move ensures supply of flat-panel screens for new notebooks Reuters [CUPERTINO, California] Apple Computer Inc said on Wednesday it woifld invest US$lOO million (Ssl6B million) in a Samsung Electronics Co Ltd unit, in a move to ensure a supply of fiat-panel screens for
        Reuters  -  476 words
      • Article
        Lock icon Nasdaq's first stock sale could raise as much as US$1b
        301 17 Bulk of proceeds will fond its regulatory unit, says chairman Bloomberg [WASHINGTON] National Association of Securities Dealers chairman Frank Zarb said on Wednesday that he expects the first-ever sale of shares in the Nasdaq Stock Market to raise as much
        Bloomberg  -  301 words
      • Article
        Lock icon Paul Allen's Charter Comm aims to raise US$3.45b in IPO
        413 17 Reuters [CHICAGO] Charter Communications Inc, the cable company owned by Microsoft Corp co-founder and billionaire Paul Allen, said on Wednesday that it plans to raise about U553.45 billion (Sss.B billion) in an initial public offering (IPO). The proposed stock offering
        Reuters  -  413 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon US regulators put R&D accounting change on ice
        447 18 FASB decides not to go ahead with plan to remove merger write-off tool used by technology firms Reuters [NEW YORK] US accounting regulators surprised Wall Street on Wednesday when they mothballed a plan to scrap a popular merger writeoff tool used heavily
        Reuters  -  447 words
      • Article, Illustration
        Lock icon Deutsche rules out buyout spree
        448 18 Banker's comments lower chances of swift consolidation among Europe banks IHT [FRANKFURT] Deutsche Bank AG lowered expectations on Wednesday that it would go on a costly buyout spree of European banks' in the wake of completing its US$9 billion (5115.1 billion) takeover of Bankers Trust
        IHT; REUTERS  -  448 words
      • Article
        Lock icon US$100m for ex-Bankers Trust chief
        214 18 Bloomberg [FRANKFURT] Deutsche Bank AG, the world's biggest bank, will pay Frank Newman, former chief executive of Bankers Trust Corp, US$lOO million (Ssl6B million) in the biggest ever severance package paid by a German company. The Frankfurt-based bank completed its US$9 billion purchase of Bankers
        Bloomberg  -  214 words
      • Article
        Lock icon Record Mows for Swiss mutual funds
        264 18 Reuters [GENEVA] International investors poured in a record net US$2.B billion (554.7 billion) a month on average into Swissrun mutual funds in the first half of 1999 and the market could grow by up to 20 per cent this year, new data showed on
        Reuters  -  264 words
      • Article
        Lock icon Surge in DBS Foreign lifts Free Index
        192 19  -  g^Reports MSCI Singapore Index Daphne Tay THE Singapore stock market put up another strong showing yesterday with gains seen across-the-board. The Straits Times Index closed up 69 points or 3.3 per cent at 2,146.70. The MSCI Singapore Free Index ended 8.76 points higher
        192 words
      • Article
        Lock icon Fear of China tariffs drives down futures
        203 19  -  MSCI Taiwan (Mures Juliana Loo Na Na THE Simex MSCI Taiwan Stock Index futures plummeted 7.5 points for the July contract and 2.79 points for August on concerns that China may impose punitive tariffs as a retaliation for the political spat with Taiwan
        203 words
      • Article
        Lock icon Oil prices hit 20-month highs on positive outlook
        237 19 ENERGY REPORT Reuters [LONDON] Oil prices rose to new 20 month highs yesterday as positive US inventory data and signs of growing global demand restored confidence that oil producers were succeeding in trimming world supplies. International benchmark Brent crude was trading 21
        Reuters  -  237 words
      • Article
        Lock icon CURRENCY REPORT
        321 19 Reuters AFP Loaioa THE US dollar was besieged in Europe yesterday as increasingly positive European and Japanese economic data Itrasted with disappoint|JS growth and inflation »rs. watched US data second quarter slower growth and Hg price pressures, a Knation analysts said rthe worst of both worlds tor the
        Reuters; AFP  -  321 words
      • Article, Illustration
        Lock icon Untitled
        1201 19 MTBRBAMK CROSS RATES Jul29 AS CS tab Pro Pfr D« MK$ Ind talkie* Y« W- IM Hm S$ tod Sir WT$ WNw< Eg Australia 0.977 6.178 0.606 3.977 1.186 1030 ***** 44.161 0.750 7.798 2.462 1.234 33.281 24.7*1 1092 4.000 0.970 20.*****.005 0.405 0448 Canada 1.023 5.503 0.620 4.069 1213
        1,201 words
      • Article
        Lock icon Untitled
        1777 19 SICOH FUTURES Jul 29 RUBBER (Mum ctosi* as at SJOpn) RSS1 CONTRACTU cwrtiAg) Clot* VotaM OpM Month Hlf* Low Sott (terns) Interest Aoq 99 89.50 Sm 99 9175 1200 Oct 99 96.25 93.00 94.00 150 300 Nov 99 95.50 300 DK 99 97.25 300 Jm/Mar 00 W0.25 300 IBS 3
        1,777 words
    • Article, Illustration
      Lock icon HONGKONG
      1358 20 AFP CI Hang Seng -2158 HONGKONG share prices fell 0.2 per cent yesterday in cautious trade with no fresh incentives to stir up the market, dealers said. "There is no direction after investors finished covering their positions with the expiry of July futures today," said Ricky Tam, research director
      AFP  -  1,358 words
    • Article, Illustration
      Lock icon CHINA
      554 20 AFP Reuters Q Shanghai B Index +0.09 SHANGHAI'S B shares closed 0.2 per cent higher yesterday on slim trading, dealers said. The Shanghai Stock Exchange's B Share Index, which tracks shares nominally reserved for foreigners, lifted 0.09 points to 46.25 points. The A Share Index of locally traded stocks
      AFP; Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  554 words
    • Article
      Lock icon TAIPEI
      332 20 AFP Q VP Index -125J3 TAIWAN share prices closed 1.7 per cent lower yesterday owing to tensions with China and negative news from local companies, dealers said. "Reports of a Chinese military drill off Xiamen and possible trade sanctions against Taiwan affected market sentiment," said International Investment Trust Company
      AFP  -  332 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2238 20 LONDON IMntrWi ■MM fcxind 31 Croup 8.04 -0.08 Ab6*y National 11.37 -046 A 8 Foods 4.14 0.03 A 8 Ports 3.00 0.08 AstraZeneca 23.81 0,49 Alliance Leicester 8.42 -0.10 AMod DOOMCq 5.63 -0.09 AHied Zurich 7.53 0.24 Anqlo Amorlcan Cold 43.70 unch ASOA Group 2.19 unci) Bank
      2,238 words
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      Lock icon TOKYO
      1624 20 AFP HWkkafflS ♦MMI SHARE prices in Tokyo rallied 1.6 per cent yesterday, bolstered by strong Japanese industrial production figures, brokers said. The key Nikkei Average of 225 selected issues on the Tokyo Stock Exchange gained 290.01 points to finish at 17,869.92. Investors cheered news that industrial output in June
      AFP  -  1,624 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Lock icon Untitled
        8527 21 INDUSTRIALS Consult**? prodactt 1999 Last Vol Day Cap Nt«k Law Company S>H "000 HN» L— */t 440 255 Ajinomoto 340 21.6 137.8 174 46 Anghasa t12 -7 468 120 106 165.1 404 220 Apollo Food Hlg 320 -10 14 324 320 11.1 128.0 294 115 Berjaya Land 204 -7 708
        8,527 words
      • Article, Illustration
        Lock icon Concerted foreign selling dampens market
        442 21 AFP □Composite Index -736 MALAYSIAN share prices closed one per cent lower yesterday as retail and foreign investors continued to offload their holdings, dealers said. Substantial support which emerged for selected blue chips and cheaper stocks helped lift the market off its earlier sharp lows,
        AFP  -  442 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Lock icon Untitled
        2169 22 ■MM. LOANS I WARRANTS 52-*k L«»t vol Day La»t Ouata A»o High Law Stno Company SW *or- COOO) High Low Buy#' Sa«ar Prlca 104 3 s 3160 'Acar *OW731 US$ US 46.5 -1 393 4X5 44.5 46 46.5 80 4.5 3164 Acma ******4 42 *2 506 42 40 41 42
        2,169 words
      • Article
        Lock icon CLOB INTERNATIONAL
        219 22 HOMOKONO STOCKS Gr Or Mm LMl Vol Day Laat Ouott ON Otv YM Net M Cap wi0> l— cwwMwy i* rooo) hhk l— s—» c-w p/t two 365 173 5123 CDC (2000) HK 310 unch 8 310 295 300 320 8 3.7 2.6 10.5 6002.1 5124 Cathay Pae
        219 words
      • Article
        Lock icon DBS Local covered wrt: strong upside?
        208 22  -  WARRANT WATCH -By R Sivanithy BANK stocks and warrants sprang into life yesterday but one covered warrant on DBS Bank did not move as much as might have been expected, so let's take a look and see if there's any value to be found.
        208 words
      • Article
        Lock icon WELLINGTON
        276 22 AFP +14.44 NEW Zealand share prices finished 0.7 per cent higher yesterday on more active trade as market leaders Telecom Corp and Fletcher Challenge Ltd strengthened. The NZSE 40 Index closed 14.44 points higher at 2,199.03 on turnover worth NZ597.5 million.—AFP us cwo) Advantage HOS 2.60 0.03 23 Mr
        AFP  -  276 words
      • Article, Illustration
        Lock icon BANGKOK
        859 22 AFP Q SET Index -3.M THAI shares slipped 0.7 per cent yesterday with investors sidelined ahead of central Bank of Thailand economic data due out today, dealers said. Analysts said profit-tak-ing eroded earlier gains in the absence of fresh leads. The Stock Exchange of Thailand (SET) Index fell 3.09
        AFP  -  859 words
      • Article
        Lock icon SEOUL
        403 22 AFP n Composite Index +5125 SOUTH Korean share prices jumped 5.7 per cent yesterday, led by blue chips and technology stocks following strong June industrial output data, dealers said. Heavy program-buying on the back of record-high gains in the futures market sent the index sharply higher, with investors less
        AFP  -  403 words
      • Article
        Lock icon SYDNEY
        654 22 AFP PADOrdimrwß *03 AUSTRALIAN share prices closed marginally higher yesterday, losing momentum late in the day, brokers said. The Australian Stock Exchange's key All Ordinaries Index rose 0.2 points to 3,060.0. Turnover totalled 446.7 million shares worth A 51.25 billion. The All Industrials Index closed up 4.6 points at
        AFP  -  654 words
      • Article, Illustration
        Lock icon JAKARTA
        666 22 AFP Q Composite Index +17J7 INDONESIAN share prices closed 2.9 per cent higher yesterday amid a technical rebound and positive sentiment over a speech given by opposition leader Megawati Sukarnoputri, dealers said. "Sentiment improved after the political speech by Megawati," Pentasena Securities dealer Andrias Sugeng said. "This is what
        AFP  -  666 words
      • Article
        Lock icon MANILA
        322 22 AFP P Manila +11J2 PHILIPPINE share prices closed 0.4 per cent higher yesterday as investors snapped up stocks with attractive valuations. The Philippine Stock Exchange Composite Index rose 11.12 points to close at 2,364.09. A total of 2.3 billion shares worth 3.6 billion pesos changed hands, up from Wednesday's
        AFP  -  322 words
    • Article
      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      7087 23 Transaction date: Jul 29 Or Cr M Wt 52-Wk Last VI Day Lut Oust* ON Dtv VM Nat Cap Av« Law StNo Company Sal* COOP) Law Buyer Wig H C'w H P/E SmM Price MULTHNRUSIRY t82 17.5 m b 1000 Acma 50c 137 *7
      7,087 words
    • Article
      Lock icon SESDAQ
      1482 23 0r Or M Wt Ld«t VI Oay LaatOuata D* D* VM Nat Cap Av* m* t— wn tf roooi Mm> u» in» ua*r cw wt M ma MANUFACTURING 21« 30 C 2049 AS Aula Kk 182 *8 TIM 184 T72 181 182 10 N 03 207.8 160 HZ JS
      1,482 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Lock icon Untitled
        388 24 Stocks VofcMW Amara Hldgs Ltd 28,895,000 BBR Hldgs 5c 19.664,000 Gotten Agri USIOc 16,587,000 NOL 15,998,000 •TanChonglnt50c 14,772,000 Asia FoodiProp 13,849,000 DBS Land 13,794.000 Samudera Kk 12,399,000 ST Engg 10c 11,940,000 Hotung Inv HT5 11,149,000 Urnla > DBS Foreign..™ 75,078,830 DBS 54.850,967 DBS Land 48,896,870 OCBC Foreign 40,448,104 SPH 38,651,620
        388 words
      • Article, Illustration
        Lock icon Sparkling DBS results spark scramble for bank shares
        649 24  -  STOCK MARKET COMMENTARY Spillover effect raises STI by 3.3%, bnt penny and US dollar segments continue to langnish in thin trading By R Sivanithy THANKS to DBS Bank, the spotlight yesterday swung firmly to the banking sector which enjoyed one of its
        649 words
      • OH THE GRAPEVINE
        • Article
          Lock icon Another dot com IDEA
          122 24 IDEAglobal.com, a well-respected financial market research outfit which has its global headquarters in Singapore, could be another prospective candidate for an IPO listing on Nasdaq before the year is out, we've been told. And at least one important US player must think that this privately-held company
          122 words
        • Article
          Lock icon Waiters new corp finance heal
          79 24 WARBURG Dillon Read has appointed Suneel Kamlani as head of its corporate finance division in Asia. Mr Kamlani previously led the bank's debt capital markets group. At the same time, Warburg, the investment banking arm of the ÜBS group, said Jack Leventhal, a managing director
          79 words
        • Article
          Lock icon Base-bald players pitch for charity
          107 24 YOU'VE heard of shaving one's head for charity. Seven US professional baseball players, including Sandy Alomar Jr of the Cleveland Indians. Gary Gaetti of the Chicago Cubs and Stan Javier of the San Francisco Giants are doing the opposite in the "Hats Off Charity with
          107 words
        • Article
          Lock icon Sweet or sour
          179 24 MANY who have seen a current Dilbert executive cartoon trailer might pass it off as a joke, but for some it sure isn't We're talking about the one where Dilbert returns to the office and is told that he has hundreds of messages waiting for him. But
          179 words
      • Article, Illustration
        Lock icon HOT STOCK
        68 24  -  -By Wong Wei Kong AMARA shares rose 5.5 cents to $0.65 yesterday on a volume of 28.9 million shares, compared with its 10-day traded average of 8.16 million units. The daily and weekly RSI, Stochastics and MACD charts show that the stock is still some way off from
        68 words
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      42 13 > 1 THE WORLD S LEADING ~V OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS K Incorporation Fees fiom USSSOO BAHAMAS JERSEY 4 BRITISH VIRGIN MAURITIUS If ,SIANDS SEYCHELLES CAYMAN ISLANDS SAMOA BELIZE M I Visit OCRA's definitive Offshore Companies Web Site at www.ocra.com I
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      173 15 v*" '*2s >-*-> 1 '.'iMp»a- f .Ht 1 S* 1 jw <~ <r~-* I WW 2L Th® road ahead may be unpredictable, but thereH be no surprises when you're in the Saab 9-s.Thanks to B Its unique chassis design, you have a better sense of the car's behaviour And this
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      663 16 JIBBBBMBBBBBIIBIIIIBIiMMI-IBMBIIIIBIBIIIIBIIBIBBBMIMMIIII IJAJ Kchristiania bank SINGAPORE BRANCH Head Office: P.O. Box 1166 Sentrum, 0107 Oslo, Norway Singapore Branch: 331 North Bridge Road, *21-01 Odeon Towers, Singapore *****0 BALANCE SHEET STATEMENT OF INCOME FOR THE YEAR 1 As at 31 December 1998 Ended 31 December 1998 Assets 1998 1997 1998 1997 i
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      68 17 i I^HHi BMr I ®y j| /^Ktf^> 'Jlii jji pr j£T You never <§» PATEK PHILIPPE actually own a Patek Philippe. geneve You merely look after it for the next r [Jr%t- iyii generation. The Annual Calendar. The first self-winding iV§J®f^^^ annual calendar watch with power reserve and moon-phase. Begin
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      1778 18 NOTICES NOTICE IS HEREBY GIVEN that I, MALLAIAH SUNDARAM of 10, Belilios Lane Singapore *****6, have applied for a Retail Liquor Shop Licence in respect of M/s Maraghtham xMart located at 10 Belilios Lane, Singapore *****6, and that this application will be considered by the Liquors Licensing Board on 4
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      Lock icon Page 18 Advertisements Column 2
      79 18 TRANSPORT-LINKS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE is hereby given pursuant to Section 308(2) of the Companies Act, Cap. 50 that the Final Meeting of Members of the abovenamed Company will be held at 35 Selegie Road, #04-07 Parklane Shopping Mall, Singapore *****7 on 31
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      Lock icon Page 18 Advertisements Column 3
      856 18 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298J In The Mailer of The Composes Ad Cop 50 And In The Mater of f SUISCE EXPIOREK (SINGAPORE) FTE LTD (In Voluntary liquidaton) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting ot Memberi of the obovenamed Company duly
      856 words
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      39 20 jl~ i m H 1 Of* i 1 *gfrl m Where they've been... CH *m**m where they're headed 1 I C5 j m. W Wk.m u nj Money Matters Every Wednesday in THEBUSINESSTIMES .Ml Jm "lF -J "V I
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      32 22 outgrown The Straits Times j afford some new all this stuff- J WT M Classified. It's the fastest J V toys, thanks to J Boyinfi seilin£ mm Call CATS, at 1800-737-1166. J*L!
      32 words
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      2932 24 Going to trade online 7 You need DBS investor Online. Simply the best research. Call 323-3955 today BJDUSBANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. M AND IN THE MATTER OF ROTOMOULD TECHNOLOGIES PTE. LTD. (la Member's Voluntary
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      191 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SEMPEC ENGINEERING CONSTRUCTION COMPANY PTE LTD (In Mambars' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Maating of the Mambars of
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Mirror, mirror, on the wall
      1552 25  -  It's an all-out battle for the consumer dollar in the beauty industry as established brands reinvent themselves and new lines like Estee Lauder's Origins and Shiseido's 5s snap up prime retail space. So who's emerging as the fairest of them aII?TA»BPYBM reports TAN SU YEN
      SIEW YAW HOONG  -  1,552 words
    • VIEWPOINT
      • Article
        Lock icon Pomp, circumstance and the politics of eating
        749 26  -  Off the cuff Ever wondered how the simple act of eating acquired snob appeal and became elevated into an art and a ritual by which one's social status is determined? by Jaime Ee IF THERE'S one thing that really sets Man apart from
        749 words
      • STRAWS In The Wind
        • Article
          Lock icon Dress me up dress me down
          64 26 TALK about different dressing interpretations. In Europe, what do you call a woman wearing sunglasses and a big hat? Answer: A rich lady. In China, what do you call a woman wearing sunglasses and a big hat? Answer: A tai-tai. In Singapore, what do
          64 words
        • Article
          Lock icon Now you know
          97 26 HERE are some useful facts you never thought you wanted to know: A polar bear's kidneys are poisonous. Hershey's Kisses are called that because the machine that makes them looks like it's kissing the conveyor belt. Money is made out of cotton, not paper. Every time you
          97 words
        • Article
          Lock icon Don't talk back
          24 26 QUOTABLE quote: Einstein said that talking to yourself is a sign of intelligence. Answering yourself, however, is a sign of insanity.
          24 words
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        Lock icon Win some, lose some
        536 26  -  CINEMA The world that Cronenberg creates in eXistenZ succeeds in jangling the nerves, bnt winds up feeling more gimmicky than provocative By] Parwathi Nayar IT'S vintage Cronenberg: hi-tech but crudely biological horror, violence, sexuality, and off-centre reality. With this unease-creating mix, eXistenZ ventures into the terrain
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        627 26  -  CINEMA 60 is a comedy of complications that is delightfully handled by both director and promising young cast By I Susan Tsang TOO MANY independent films suffer from the Alice In Wonderland problem being able to set up a fascinating scenario, only to falter at the
        627 words
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        Lock icon More gadgets than guns
        582 26  -  CINEMA Despite its setting, Wild Wild West's sensibility is totally modern By\ Susan Tsang AS WITH so many film remakes of successful television series, Wild Wild West is quite a different creature from what viewers saw on the small screen all those years ago. And, as
        582 words
    • MOTORING
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        Lock icon Volkswagen's breath of fresh air
        931 27  -  The Bora, which takes its name from the wind that blows along the Adriatic coast sits somewhere between competence and brilliance, says Christopher tax CHRISTOPHER TAN THE Bora, for all intents and purposes, replaces a slot last occupied by the Vento. The folks at Volkswagen,
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        235 27 INTERIORS THE DAYS when wall colours are picked off a chart, foUowed by howls of anguish when what originally looked like warm terracotta turns out to be beetroot red, may weU be over if Nippon Paint's new approach to colours takes off. The paint company has recently
        235 words
    • ENTERTAINMENT
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        451 28  -  Compiled by Parvathi Nayar THEATRE Haunted Theatre Works presents a musical about a wealthy family, the Loongs, and malevolent forces at work in the Loong mansion. Till Aug 8, Bpm. Sat matinee: 2.30pm. Venue: Victoria Theatre. Tickets: $25/30/35/45/60 (weekdays, matinees) and $30/35/40/50/65 (FriSun), available at Sistic (348-5555). MUSIC
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        Lock icon A good case of the blues
        836 28  -  NIGHTSPOT That's the colour of both decor and drinks at Zing!, a small but cosy watering hole that spills onto the central walkways of Far East Square By\ Parvathi Nayar IT'S NOT actually overwhelmingly blue, but as you continue to look, more and more
        ARTHUR LEE  -  836 words
    • COVER STORY
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        Lock icon 'Let the best brands win'
        705 29  -  The entry of new competing lines is something that Michel Grunberg, MD of Estee Lauder, accepts with equanimity. He tells ta* su ten why TAN SU YEN TWO DAYS ago, Changi Airport added yet another first to its already long list of specialty features. It
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        Lock icon A little less music please
        628 29  -  BOOKS An Equal Music By Vikram Seth Phoenix House 381 pages, $38.90 Reviewed by Chuang Peck Ming WHILE it sounds nice. An Equal Music is a rather puzzling title for a straightforward love story set mostly in modern London. It's hard to figure out what
        628 words
    • PURSUITS
      • Article, Illustration
        Lock icon Purposeful beauties
        1154 30  -  Jewellery is worn to achieve various objectives within tribal societies, pakvathi mayab takes a closer look at form and function in the Jewel Power exhibition PARVATHI NAYAR IT'S AN incomplete view to think the raison d'etre of jewellery is to satisfy man's vanity and greed. Sure, they play
        ALL PHOTOS, EXCEPT FOR PICTURE OF BATAK WOMAN, BY CHRIS LOH  -  1,154 words
    • EPICURE
      • Article, Illustration
        Lock icon Keeping things simple
        602 31  -  Chinablack's breakfast menu offers jaime eb a welcome respite from the übiquitous Sunday Brunch JAIME EE CLUB Street, from its hesitant beginnings as a dusty street of constant shophouse renovation activity and where a handful of restaurants have since set up thriving businesses, is finally coming into
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        Lock icon Food that wins friends
        376 31  -  WORLDGOURMETSUMMIT Haute cuisine need not be intimidating, as Antoine Westermann so affably demonstrates By 1 Tan Su Yen "DID you enjoy your lunch?" asked the kindly gentleman in the chefs uniform, smiling broadly like an indulgent father. "You did," he beamed even more, pausing to look
        376 words
    • RESIDENTIAL PROPERTY
      • Article, Illustration
        Lock icon A lower roof over our heads
        696 33  -  New rules on roofs and basements hope to correct architectural no-nos in landed estates, says corhiibkebk CORINNE KERK SPACE. It is something so precious to Singaporeans, they'll pay whatever it costs to get it. In a country where the spot taken up by your
        PHOTOS HY CHRIS LOH, ARTHUR LEE, SONIA TAN/ST; Source: URA  -  696 words
      • Article
        Lock icon House Hunt
        941 33 Property transactions for district 19 and 20 (sectors 53 to 57) lodged between Jun 28 and Jul 26. PROJECT NAME/ (W CONTRACT TBMt BULT-W PWCE PSP STREET NAME TYPE DATE LAM) AREA (80 FT) <Sr000» (S$) District 19 I gn if j AhSooGdn 2-Ter 12/05/99 FH 2110 925
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      138 26 CRYPTIC CROSSWORD 27 I had little daughter, in spring at noon (6) explosive idea (6) YESTERDAY'S SOLUTION 9 Unfair enquiry about one's [elolTlTlolNlßlelel DOWN riches? (6,8) AyRyuWABNMCMHMA| 1 Interval measure round 15 Soldiers, thoughtful, went B RoRtB i i one way (8) ahead and fired again (9) 2 Theatre put
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      230 27 v x. w > v, ,f 1 1- 7^-. uv. %V. X -w. *v '5* k /C ~1. gT'h jSHr 6 > jsnI' Jwfff *3 F: X •*p4> How on earth can you scale every hill and I#* track every valley without any sign of exhaustion? A '\f km J
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      419 28 Where to wine, dine and £ftsBSr i_ h 93E£ 76 Bra* Baaah Road, 9tnypon *****8 Teli 338-8333 Fmxi 339-6866 Web Site i bttpi//www.caritofL£om.fg Check out this same spot tomorrow to find out what's in store for you? RAFFLES MARINA 10 Tua. West Drive *****04 Tel: 861 8000 Fax: 861 1020
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      102 28 At Pine Court Chinese Restaurant LUNCH: 12 noon-2.30pm DINNER: 6.3opra 10.30pm KBR Reservations 831-6262 )U Orchard Road. Singapore 2 )8867 1(1:737 4411 FuTTMZMI A T<*sfg frP nUQcOyfro IsVMgusfr mi. In oddition to your favourite International dish**, it* Marriott Cafi is now offering the authentic flavours of if* Indian subcontinent TKese
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      117 29 A, ""A > Mj£%' -Mi* --.A 1 I V ISllh i&+*r« t 0 Mk g 1 ill EHbShH 1 JMp „*> >- f/*W -*l r V -r *r slip# '*T'* See the masters in action from the first day of these prestigious events to the TO SU BSCRIBE W W
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      152 30 WE SPENT 36 YEARS PERFECTING OUR STEAKS and LOBSTERS. m m NOW, YOU'VE 17 DAYS TO SAVOUR The BEST of BOTH at I The GORDON GRILL. film V Succulent. juicy beef and the flesh of the freshest lobsters. Just some more sizzling dishes from the Gordon Grill, renowned for serving
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      68 31 j "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" Amy Tan, mother of an U-yaroid Bwyk. Sdilt FtndlL j Lost t/owr^^ Try finding
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      112 31 t :Ju i s > k r. 4* wj*a?> mm fax* r2fc. ■<. -..i£j .I. J A All aspiring musicians are welcome to join our jazz jam sessions. Where S A V you can get tips from the pros, support from fans and even a free beer A «SS£TSON'Jfci W
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      85 31 I chinablcick I the brasserie H opening I I party I BY RESERVATION ONLY I^l H H I 31st July' 99 I H H (nwpliflwMonf Gktfi Of Chompoy>« for the first 70 people from 7.15 B.oopm I Complimentary Fieger Food H t5% Off Drinks Ml Niglil H H CNOUSH BftCAKFAST
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      2902 32 TODAY'S TV CINEMA RECOMMENDED VIEWING Premiere 12 News Day r All The Way. How far would you go for your friends? R(A) Cops and u Sf Dr m Adve SSSepor,. TheBprWhoBhwd>u Tl,esequel robbers 530 In.. 'fl 7'jo Asian Market Report Bela Donna. Oscar best foreign film nominee. R( A) Mercy,
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      236 33 Freehold l Development Site Collective Sale By Tender V S i i«dw City c*y A Address 18-28 Ipoh Lane Plaza \V\ off Tg. Katong Rd If Site Area 27,626 sq ft s |_5®9 g Zoning 'Residential' with RR. 2.8, Ny 20 storeys .bom i>»*— eiiBJECT Descriptionßectangular site with I j
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      141 33 Prime Residential Development Site Ig v. Q Kim Yam Ys\ For Sale By Tender /7 /y\X No. 10 to 17 long Watt Rood V// Site area 3,076.2 sqm (33,112 sq ft) 1 Plot ratio 3.8 \A ucv^ 999 years leasehold V\ Zoning residential within conservation SJJ2/2S5 0 > area I
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      56 33 "5 I CZ2 CUD CUD HZ] I=l r 1 D I DD T T s /.'Home. tin a nana (I S nee 1950 Hotline: *****68 1817 »> <t -d v 4ii tf PR 'il -i SINGAPURA BUILDING SOCIETY LTD Ang Mo Kio 458-4222 Beach Road 292 1459 Bedok 445-8011 Butnt
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      254 34 We have a winner! Congratulations to Tan Khiok Heng, NRIC No *****92/ B. He wins for himself one limited edition Mont Blanc pen for the third issue of Insurance-wise on July 16. Simply send in the completed coupon and you stand to win a K*J Getaway Package at The Beaufort
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      298 34 brought to you by (w) Great Eastern Life Grea iLinL. from Great Eastern potential for good returns. Life, gives you the best of i>olli worlds: And rememl>er. you're insured insurance and investment opportunities. wliile you invest. So even if you lose Tlie flexibility to make your 9HB money worL Larder.
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  • EXECUTIVE MONEY
    • INSURANCE-WISE
      • Article, Illustration
        Lock icon Ensure your future
        1213 34  -  Early planning is essential to help you reach your financial goals or cover unfortunate events. sob Tune rare shows how insurance helps SOH TIANG KENG Pinancial planning is the process of making practical decisions to achieve financial goals, whether it be your child's education, retirement or buying
        FILE PHOTOS  -  1,213 words
    • PERSONAL FINANCE/INVESTMENT
      • Article
        Lock icon Optimism fuels KS Tech IPO
        607 35  -  Affordable price and bright prospects of the oil and gas equipment firm are factors in its favour, annette pau learns from analysts ANNETTE PAU Retail investors can't go far wrong in subscribing for KS Tech shares, judging from analysts' views of the local market's latest
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        Lock icon Untitled
        714 35 BANKS/FINANCE COMPANIES YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR HO YEAR 11-36 Citibank* (max of 30 yrs) 4.0000 4.7500 5.5000 5.5000 5.5000 5.5000 5.5000 DBS 4.0000 5.0000 5.5000 5.5000 5.5000 5.7500 5.7500 Hong Leong Finance! (max of 30 yrs) 4.0000 4.8750 5.3750 6.1250 6.1250 6.1250 6.1250
        714 words
      • Article, Illustration
        Lock icon Swiping your way to a condo unit
        565 35  -  As in the case of UOB and FCC, higher credit card volume and publicity are mntnal benefits in promotional tie-ups Byi Clarissa Tan THE offer of a condominium unit just by using your credit card is definitely an atten-tion-grabber. Not for the first
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    • PERSONAL INVESTMENT
      • Article
        Lock icon A month in the life of the STI
        2518 36 From its all-time high of2,222.46 points on Jul 2, the Straits Times Index plunged 282.48 points to close at 1,939.97 on Monday (July 26). Then fuelled by excellent interim results from DBS Bank and DBS Land, it recovered 206.73 points in just
        2,518 words
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        Lock icon Get ready for the ride
        1593 36  -  Suddenly, all the good news seems to be coming at the same time. But that shouldn't mean another speculative rampage, vem srebotvasax tells why VEN SREENIVASAN After tumbling some 15 per cent earlier this month, the Singapore stock market has recovered sharply in an earnings
        FILE PHOTO  -  1,593 words
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        Lock icon It 's back to old-fashioned long-term investing
        748 37  -  THE FINER PODIT The days of a good quick pant are over with the external environment more uncertain and the local market rocky By Wong Wei Kong In early July, this column advised investors who had made money to take profit and lock
        748 words
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      50 35 M "My friends were talking about the adventure camp to Pulau Karimun they had read about in Cats' Mews, Sunday Classified. I don't want to be left out -1 read Cats' Mews every Sunday now." Yeo Sam Jay, secondary four student ft i CATS. Buy It. Sell It. Find It.
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      16 35 The ACU Deposit Table and Unit Trust Scoreboard have been held over due to space constraints.
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      55 35 (It's Simple) With Express Share Loan YESI I would like to know more about Hong Leong Finance j Singapore Finance's Express Share Loan. j I Please send to: Hong Leong Finance Ltd, Promotions Development Department, II 470 North Bridge Road #05-01, Singapore Finance House, Singapore *****5 or 5 I j
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      102 36 0% Lntzxzit. (2/st UOLUI axEam ujatari toaau. 1111 rod in i 111; Sinccro's now Privilege Purchase M.iiul.uJ C h.uteied i red it i.ird and \>>u i.n Program 1110. Vv it'** now immit tot vnu to Iv v*nj*»\ paving h\ instalments .it tlu 1 pn\ileged I'.itr \t snnere Inn tew to
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      112 37 vtao MOV A DO J VIOVADD l/IO SM2S U I'l K \H I I I (12 \H>\ I H 1 T f K I s I I KM I\S I I l f.yfffM (11] |Sg i'! >' I HU' \V.)ti In-s: m'c \n nlit\ I el i<> i s |<>
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      524 38 tfr K H Greenspan-ner j Taking stock factor*. Impact of US rataMW will trnmmtt Ypm through New York What a month. Stocks took a sharp f Br.'' ABiao dive, weighed down by specifics, a before pumping right back up hihein Fed rate by again. We look at what's powering lj
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      6 38 Insurance-wise Ensure your future, EM 10
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      301 39 Bridge News Reuters TRADING was brisk for Atlantic Panamaxes with rates strong, although confirmation of rates agreed has so far been elusive. Rates in the east have Steadied. There was tome uncertainty over the next moves for capesizes. The Biffex market .steadied up further although the volume remained
      Bridge News; Reuters  -  301 words
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      Lock icon MARITIME STOCKS
      263 39 Mil SS 11 CWT Witr«xrtton 1.41 -0-02 40 ChuanHi# 133 unch 949 Cosco Investment—1J0 0-01 42 o_» -am 4o«* (WlfaWlOQl——&97 aoi 100 K-SuihSTZ—a« 0.02 270 me HMngt-HK 5.60 unch 0 Jeya HoMinqs tor -0.02 571 Jurena SNpyard —8.00 0.05 413 5J0 040 2454 KeppelFCIS 1.51 0.07 t7M Kappei
      263 words
    • Article, Illustration
      Lock icon Star Cruises to tempt US west coast market
      455 39  -  Cruise operator banking on sophistication of market to secure passengers By S Shivani [SINGAPORE] Star Cruises is to tap the Californian holidaymaker for its cruises to exotic Asia-Pacific destinations. Asia's biggest cruise company has plans to market its cruises in the lucrative
      CHRIS LOH  -  455 words
    • Article
      Lock icon Shipowner can arrest slot charterer's vessel for payment owing to it
      695 39  -  ADMIRALTY CASEBOOK By Selva Kumar THE English Court of Appeal recently held that a shipowner could arrest a vessel that belonged to its slot charterer in order to recover payment due to it from the slot charterer. The appellate
      695 words
    • Article
      Lock icon Tanjung Pelepas to soft launch two berths in Oct
      478 39  -  From Ruth Wong in Kuala Lumpur MALAYSIA'S port of Tanjung Pelepas (PTP) in the south western tip of Peninsular Malaysia is expected to soft launch its two berths in October, and has targeted to attract all the mainline operators (MLOs) to
      478 words
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      Lock icon Shipowners resume service at Cebu port
      187 39 Reuters [MANILA] A coalition of at least 50 shipowners in the central Philippine province of Cebu resumed operations after the government stepped up efforts to resolve an ongoing strike, officials said. The shipowners on Wednesday resumed selling tickets to passengers at noon and were
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      Lock icon US to reject air alliance
      467 40 ATLANTIC MERGER Failure of governmental 'open skies' talks sinks British Airways and American Airlines deal Reuters [LONDON] THE United States is to reject a proposed alliance between British Airways and American Airlines after "open skies" negotiations between the US and British governments stalled, the Financial
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      Lock icon Asian grain cargo rates up but not for long say agents
      249 40 Reuters [TAIPEI] A shortage of vessel capacity has pushed Asian grain cargo rates higher in the past week as demand remained strong, but agents said the rate hikes were short-lived and would ease in the near term. Agents quoted
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    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      310 40 PACE ESPUnes 12 AN|_ 3 Evergree* 6 AASCO 12 foongSun 8 Accord 8 Frotl 13 Ahrenkiel )4 W Links W Appenstiip 5 c Unk Austrti 8 Gemartrans 6 Avjnt U Genshpg 13 B'tang Mas 8 Ctor Y M BSA 7 H»iSunHup 12 BTL 14 Hanflti 7 Baiaji
      310 words
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      Lock icon SHIPPING GUIDE
      19519 47 THEBUSINESSTIMES EXPORT ETA ETA Advartisar VmM Voyaga Talaphona ETA ETA Advartisw v«i»! Voyaga Tuapftona SIN Pasta Nn Nw Mumbw Number SIN Dasfn Nam* Nam* Mwtn Numtwr ■MWWflNWNNWMHWMR6N0MWMWMWM0MMOM0WMNWM0flBWWWM0NM86M*****H WWWWRMMMWMMWNWBnNNONMMROMWnWMWOWNMWWNMWWMWMNNMWWN 15/06 25/06 PIL KOTA PERTAMA 213 45 *****4 To ABIDJAN (ABJ) 2003 Cot* D'I voire b/w e/06 pil kota pertama
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    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        693 53 Vessel Voy No Berth Arrival Departure GokUfl Jan-99 J r P JV7 24/07/6.10 01/0«/2300 Bt P Harapa2 KJT99 J01 29/07/8:10 29/07/15:00 Bt P Haraoan ***** J01 29/07/8:20 29/07/1500 Swni 2599 J03 29/07/8:15 29/07/20:00 hi 2508 2207 J12 29/07/8:00 10/07/8:00 MHong 4 Jwi-99 J03 29/07/9:00 10/07/5:00 ***** J02 29/07/8:25
        693 words
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        Lock icon CONTAINER SCHEDULES
        1829 53 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Bootlng/Bolonco Rstls Ship Voy No Etb/Btr Ported From To From Acx CMKM one 30/0700 M 210SOO *****9 21O9O0 8 28/1500 21/1659 *****0 2A 21/1700 29/0659 29/0900 21 2I/T700 N/0451 29/0900 3 29/0700 ***** 29/1400 4 29/1200 *****9 a/1700 mm 2
        1,829 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        193 53 Aug 2 Ireland-Republic Of: August Holiday. Aug 9 Singapore: National Day. South Africa: National Women's Day. Aug 12 Thailand: HM Queen's Birthday. Ang IB Belgium: Assumption Day. Hong Kong: Sino-Japanese War Victory Day. Luxembourg: Assumption Day. Aug 17 Indonesia: National Day. Ang 28 Philippines: National Heroes Day. Aug
        193 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        802 53 THIS report, compiled by Cockett Marine 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 average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        802 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        455 53 C«r«o«i <80 Mai 990.4 8.1 17.5 0.10 76 Q/F Jul 22 Density Water IkMm Ash Aluminum Sediment "o above £25 0 2 3 0 0 1 1 380 Ave 966.5 0.4 H2 0.07 39 002 hH 360 Mai 1005.0 12 20.6 0.M 235 0.06 K/W3 %m
        455 words
    • AIR&LAND TRANSPORT NEWS
      • Article
        Lock icon Japan's Skymark intensifies price war with fare cut
        489 54 Discount carrier to lower fare on Osaka-Sapporo route by 9.5 per cent Bloomberg [TOKYO] Skymark Airlines Co, a Japanese discount airline, said it will cut the basic fare on its Osaka-Sapporo route by 9.5 per cent, intensifying its price war with Japan
        Bloomberg  -  489 words
      • Article
        Lock icon Int'l Aircraft to buy used planes for US$110m
        155 54 Bloomberg [TORRANCE, California] International Aircraft Investors, an aircraft lessor based in Torrance, California, said it agreed to buy four used planes for more than US$llO million (*****.9 million) in its largest acquisition ever. It is buying the planes from International Lease Finance
        Bloomberg  -  155 words
      • Article, Illustration
        Lock icon Starring all 9 Star members
        65 54 [TOKYO] A drawing of All Nippon Airways 'specially-painted aircraft carrying the logos of the soon-to-be nine members of the Star Alliance network. All Nippon Airways (ANA), as a prelude to its official entrance into Star Alliance in October, announced the introduction ofa specially painted aircraft.
        AFP  -  65 words
      • Article
        Lock icon European airlines' passenger traffic up
        180 54 Bloomberg [BRUSSELS] European airlines' passenger traffic rose 10.1 per cent last month, compared with June 1998, boosted by a rise in demand for North Atlantic flights, the Association of European Airlines said. The traffic increase, measured in revenue passenger kilometres the number of paying passengers
        Bloomberg  -  180 words
      • Article
        Lock icon EC may go to court over BAA rules
        156 54 Bloomberg [BRUSSELS] The European Commission might take the UK government to court over company rules of airport operator BAA pic that it said violate European Union safeguards on capital movement. The commission, the EU's executive arm, objected to certain provisions in BAA's
        Bloomberg  -  156 words
      • Article
        Lock icon Easy Jet flies Geneva-Barcelona route as tour operator
        330 54 Budget airline flies passengers free on inangnral flight Reuters [LONDON] European budget travel airline Easy Jet fired a new salvo in a local dogfight with SAir Group's Swissair on Wednesday, setting up a tour operator to fly passengers from Geneva to Barcelona
        Reuters  -  330 words
      • Article
        Lock icon Faulty wing-flaps force Swissair jet to turn back
        294 54 Bloomberg [ZURICH] A Swissair plane bound for Bangkok and Singapore had to return to Zurich because the wing-flaps that are extended to provide more lift at takeoff failed to retract. The Swiss airline, owned by SAirGroup, said the 235 passengers on board
        Bloomberg  -  294 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1898 54 an awn cm oxht no mm 1605 S0326 0950 AdataM* AN6230 050 «4566 1605 IH787 2350 IH6381 1850 $0*007 1605 ****** 2350 S0230 WO S***** 2350 BA7309 2120 U*373 230 OH 2BB 2355 fltlHia $023 0705 RUM 0040 SO9W 1M5 S0990 0M5 SO327 0745 KL838 2300
        1,898 words
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      18 39 Atlantic merger: US to reject BA-AA alliance Failure of govt open skies talks sinks proposed deal. Page 2
      18 words
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      141 39 Japan's Skymark intensifies price war with fare cut Discount carrier to lower fare on Osaka-Sapporo route by 9.5 per cent. Back Page TT v K T „*2 •i ir r s* *> TERMINAL MULTIPURPOSE MERAKMAS A Public Licence Granted Ist May 1999 I, "'iw PORT BENEFITS Value to Shippers Consignees
      141 words
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      1217 40 I MM 1 I EXPORT I I OTHBft OESTtNATIONS I n itiiiininiTi 1 SSX SUPER SHUTTLE EXPRESS DIRECT TO LA WWT COAST OF CENTRAL AMERICA (MARQARTTASERVICE) ymm WT RffaTTnis* ItONIKAOI BMIAS HOUSTON OKABO MWYOM MDCOOTY VBHI JgL n aßM mdlWt PTOUHA JMgIVMjgA SAlMAajg_ ~xrja 577= 5575 57g~ is/M Is7m S7S
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      650 40 Lines&servcesrepresenteo Memoers c< the 2®38 by Members erf the Registry of CTII Singapore Freight Forwarders Accredited Shipping Agents CaUv Association X°«i« 2/ Singapore Shipping Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBUIK PROJECT CARGO TO DAMPIiR/FREMANTLE (MONTHLY SERVICE) MV "TBN" ETA SIN 23/08/99 BOOKINGS CALL MONKA/JUUA TIL 323 4374 *****55/
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      1060 41 TO EUROPE PROM EUROPE Iwna wT|am«iiiMiw«Mnn ia«~[ Ivcsa wr lim um turn wn sou fit w sm NT MMM 3IW R/H It/N 71/00 24/00 lt/M HT HEMES UK 00/07 10/07 11/07 07/07 31/07 inmks mm 05/00 a/oo 15/00 24/00 23/00 wus urn 11/07 13/07 u/07 17/07 04/00 am 57JW 07/
      1,060 words
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      2098 41 HANJIN SHIPPING ikFl HAKMISMHM6 (S) fTUTP h»//— «w ********** MB *****74 730 MQHW 73M271 774 OMATOS-73M7M751 7777t55 HI 7771QM ttMIWIUMM TO NW USA A CANADA USA CANAfIA* MM m immam/VOT ST~ iwr n pm CM W m oot «MI r* om tv« TM TTZ hjbizamtmmk 11/ m ti/M mkt n/m
      2,098 words
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      1760 42 MR-SENATOR UNES TO UK/CONTINENT TO MEDJTERRANEAN/CANADA KSStt VOV LEW RTta AMR HAM BBV FU KtMH »QT S» «T yt KB we MTU HANJIN DALIAN *0933 01 08 22 M 23 24 22 0* 24 01 SMAIiGHAJ SENATOR WMf33 2* ft 15 M 17 M K M 21(8 2* M PUGWASH
      1,760 words
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      870 42 m. AM MAC-NcLo S'PUHE M'SIA Carrier MM COKTH LINES, INC P. GUDANGL (07) *****28 I I [Y~/ J Cjn NOs 1200S7SOOOOC SOU: (084) *****9 MAMLA: (832) *****24 V PENANG: (04) *****38 BANGKOK: (662)*****67 SURABAYA: (31)*****11 P. KELANG: (03) *****77 JKT (21)*****45 KUCHXQ (062) *****1-3 MADRAS p VANCOUVER MV "KOTA MUUA"
      870 words
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      586 42 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO V«*Ml S PORE N SHEVA COLOMBO PKLANG CAPE CANAVERAL VIB9W 02 AUG 11 AUG 17 AUG 22 AUG TULSIOAS Vll2 OS AUG 17 AUG 24 AUG 2* AUG TARPON SILVER VII2W It AUG 23 AUG 31 AUG K SEP CAPE CANAVERAL VIIBW 23 AUG 31
      586 words
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      1451 43 I VESSEL VOV KHH HKO SIN PKG PQB PXB DWM BA BWC 1 IRAN BHAHKYAR PCL-5113 28/07 30/07 03/06 04/06 13/06 14/08 15/08 17/06 19/06 IRAN BAABAEI PCL-5114 04/06 06/08 10/08 11/06 20/08 21/08 22/08 24/08 26/08 IRAN TAKHTI PCL-5115 11/08 13/08 17/08 18/08 27/06 28/08 29/08 31/08 02/09 IRAN
      1,451 words
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      1708 43 Mtoldy DirMt Calls to K«bf (6 Pflyi)! Nogoya (7 Nyi) Tokyo (t Ny») J SINGAPORE'S GENERAL AGENTS: M ROtINSON RD TEL 226 1900 FAX: *****08 OUTWARD (IA) I COSTAR SHIPPING PTE LTD *12-00 SAIES/RRGS *****57/60 INWARD DCPT (D/OJ *****85 COSTAR AGENCIES (M) SDN BHD a NO: **********0— SINGAPORE *****8 CONVENTIONAi
      1,708 words
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      562 43 CHINA SHIPPING (GROUP) COMPANY rKS CHINA SHIPPING CONTAINER LINES CO., LTD. I FAR EAST EUROPE FULL CONTAINER EXPRESS SERVICE! WESTBOUND (FIXED WEEKLY SERVICES) vst voy xoo am sha hko Istom I ktm ham fxt TBADf APmm 9903 19 Jd 21 JtA 23 hA 26-hi 22JJ 18 Aug 1? Aufl 2i
      562 words
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      1406 44 EUROFtAJKySCAIiDtWAVIA/FlliLAiamUStU SGP ROM ANW HBG THP ZEE LHV LHV THP ROM MIW HIS PU SGP E DECENT RW-018 JIM 7 1M» 2S/W 21/08 23/08 24/08 25,08 E RERNE RE-021 OM7 IM7 00/07 11*7 IM7 01/08 02.H8 I. GAINING RW-S7O 17« l 30*8 04*9 01*9 03*9 E REACH RE-024 15*7 1
      1,406 words
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      778 44 f PACIFIC INTERNATIONAL UNES (PTE) LTD I SSSSSSU IJk 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I I CR NO **********0E I|VK» VW ml STB nmm la arm agh w T r 7« m MHi IM6A TBAfIU 4 OTTQ37 4/0 Sfl J 20/» 25/1 31/1 I I vpT itt
      778 words
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      426 44 M TELOK BLANGAH ROM) OR2-8Z OTPORT CWTW STORE MMM TEL *****11 (6 lines) FAX: *****05 TLX: RS ***** CR WO. **********0W vessel vor. eta etd destmxtkm IRIMAWA H n 3M7/H wnim PALEMBAM&PKL BALAM ilmamui ow nmm omm pas« GuoA*6***ywinuM«tf IRIMAWA D2A9 11DM9 12WM MUNTOK ILMAMUI 01/ M OMM9 IMBA9 PONTIANAK
      426 words
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      449 45 BSfl il M MYANMA wBBk FIVE STAR LINE (Myanmar National Line) Loading (or Yangon (Rangoon) VESSH VOY SIN PKL PEN PGU SAGAMG 40W SU> UNG TUNG 4W SU> MALAYSIA AGENTS: MXISTtAD SHIPPING AGCMCICS KUL TH (03)*****00 PKL IE (03)*****01 rat: m (04) 26)2442 PGU: TH (07) 25J2321/4 BANK LINE (A
      449 words
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      1295 45 HMNEHYUNDAI MERCHANT MARINE CO., LTD. Ivtssa voylsi sou luh I rtm I ant I ham Imyl fh [vtaa vori sob jj rim ant ham m m sw MONTI ROSA 529W 30/07 22/08 23/01 17/08 19/08 MYMOBSSS 31* 07/07 14/07 10/07 13/07 31/07 HYKXXAI 319W 02/04 11/08 19/08 21/08 24/04 MAAS
      1,295 words
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      962 45 WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA #CW RORO HIAYYUFT SERVICE* |VISSEI VOY RAMP HEIGHT iIM LAJC OtL MU SAV Ml Otf NYC I IKN IMM TOM AMO2 400 Taas 4.3 M INPOtT 25/01 03/09 06/09 01/09 10/09 11/09 13/09 17/09 18/09 TARONGA AHO3 400 Ins 6.3 M 10/01 09/09
      962 words
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      753 46 MMHOKW TA PHUT/LAIM CHABANO] JAKAHTA/PAMJAWO VOY SIN BKK MTP LCH~ VESSEL VOY SIN J*T PJN MATHU BHUM 428N 31/07 04/06 03/06 AKA BHUM* 364S 31/07 04/08 XETHA BHIIM** 294N 01/06 04/06 OS/06 ANRO JAYAKARTA" 006 31/07 03/08 IHABWIM 116N 03/06 06/06 07/06 ACX JADE* CSS 02/06 06/06 ANAN BHUM AA
      753 words
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      318 46 INDONESIA NATIONAL LINE TO AUSTRALIA FULL CONTMNBIBS9V9CE Lwlm i m mmmmm iw/vii/i? mm -iv it/w n/w 11m ngTwiii pi Ib/m«7/w am n/m -nm m.Ncm lig lii/w u/i nm vm mm nm is/w mwrnrnt |i<s |»i^w :itwi l»i/w|a/w|»/w| pi/wj FEEDER SERVICE TO INDONESIA V* VOT srOH SMUMT* U-TMMM —Wt ra rami
      318 words
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      707 46 ynn« IWY T» I PKL JED MLA L&l HTM HAM 2g SOT VMJJE Q€ BHAWOMAI H32W OttWß Q4WB 12WB 17/08 22W8 2MOB 27/08 iW VXE CyOWOW Y3ZW WBB 11/88 WOB »W» 31AM OBWB OV» OW» V33W 17/08 28W8 gg 06*08 08W8 08W8 08W8 11A» \fILLE 06 TAMYA T33W Mffl 2M»
      707 words
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      49 47 WALLENIUS WILHELMSEN Calling More Than ■AMljflyUM 1500 Worldwide Destinations. Turn To Pg 7 Daily Find out more on Pg 13 FROTA GLOBAL INDIAN OCEAN JOINT SERVICE SHIPPING AGENCIES? To il'J 1 L k Under hai sun Hup AMAZON Pg 13 ON EVERY MON/WED/FRI 12 0N EVERY MOI WED na
      49 words
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      56 49 sr2|Ziiwlfl^O^Q€ni3nC] (Retrieve more schedules!) Press"!" 1 .jC\ Select the port and key in the four digit code eg: To New York (NYQ 2275 sr£) Key in your fax number j$ your phone number AnotherJnnovathfviervfc* offered by c The document will be TrMFQ sT B*| faxed to you* kJlliX 1 IiIVJ
      56 words
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      146 50 BS] MltsuiQULLtaMXtd «.^=T HHHbI I (FOREST PROOUCTS StRVKi) (Sera-Coo Service For Chrabms Island Frcmande I Coco. Isknd) EUROPE SERVICE I* Also call other west Australia porta subject to inducemenl I TAW SKN XKU TMA y| SS a VOT. SIN CXi FMI COS RUIIN STRIA V3IA 05/08 01/01 11/01 THOR KIRSTIN
      146 words
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      187 50 I SHIPPING LINE I *1 ill I B.V] I I I B B I I LIBYA TOBRua binohazi misurata thnu UjuJ Imsa mat von no I ai I rw I in mm turn I mh I w I I I w SWHHM 51U SfWAUSTB OMI Ml IVW MW H/H 1M»
      187 words
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      125 50 ESP LINES wiEKir ta amd fa suvia wmmm nuaa mm CMlkßOm, MMAS MMWHRm HMMWC. tOTTHW MKT, COUMMO MUCTA.MMU MTWBf, RUXSTOW ouwta wooi— MGUUK COimiOtSP MPONBUMI SBVKI vßsa/voT«« s-wnf I II I a I w I w I muiM/m ivv is/v n/v rmut/tm** n/v v/v WWII /»MM4S v/v rtno vm S.CMW/WI
      125 words
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      742 51 ——SAMUDERA SHIPPING LINE LTD —H— 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. **********0 D TEL: *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LINE: 535 6266 Celta/Jessica/Mei Chan/Jeslynn/Dora/lvy/Hanim EZiSSSCTtomMBaitfSI 8 slgs/week gjgjgjjjgn every 4 days IVtaatL VOY SM JAK
      742 words
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      996 51 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO PIG I SM I MT I SUP OIW PPG CWI OOM HAL MTL Otf SAV HW TAW HOU HOIGH OUHttVA /OPS? 04/00 10/00 13 M IS/00 IS/00 M/ 00 01/00 04/00 01/10 05/10 07/10 10/10 14/10 10/10 W/IO HOtGH duki /OSS2 23
      996 words
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      622 51 Singapore Soviet Shipping CPI a No lOOSOUOOOON Multiline Shipping PL 0 lb 1475/*****0 C VESSEL VOY I SIN I BOM M* WL KEDAH 133N OS/OS 13/08 TM 21/ M KOTA RUKUN RKNO4S 09/01 16/08 TBA 29/01 KOTARATU KTUOS3 1 21/08 TM 01/09 VESSEL VOY SIN CALCUTTA SIN SEA StKCESS 1
      622 words
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      559 52 I VESSEL VOY SIN MAA SIN I TIGER SEA 725N 050&C8 111&<B »21 108 I TIGER BAY 726N OBO&OK 1J1&W 23 24,06 I TIGER ISLAND 727N 12 13KB 18 7308 27 28TO I TIGER PEARL 728N IS 1&08 2&2 M» 3831/08 I TIGER SEA 729N 2021/ TO *****8 04 0M»
      559 words
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      976 52 Jl, FREIGHT LINKS EXPRESS Tel: *****11 Fax: *****77 E-mail: flesin@singnet.com.sg DIRECT CONSOLIDATION SERVICE TO ALEXANDRIA COPENHAGEN MAHE PHNOMPENH BUENOS AIRES HELSINKI MANZANILLO SAN ANTONIO CALLAO/ PERU ISTANBUL MEXICO CITY SANTOS COLON, PANAMA IZMIR NHAVA SHEVA TAICHUNG PLEASE CALL OUR TOLL FREE UNE: 1800-*****66 FOR BOOKING Overseas Offices Hongkong 152-*****113 flms9osiooniine.net
      976 words
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      950 52 OOCI (Singapore) Pie Lid CFS Keood DistipT" *5 <kfc Si OCBC Clr #42-00 *****13 *513 001-120 C J (IKMIO7O7OOOOOM W: 272 7027 rmmmm§ Mb *****03 Fa: 430 290* tac 272 TOM WW WirM Ooert Owiaat Con*nnßr line Sdn Bhd Mac *****MJ a| IfFUUNG JAVA 1* 03-75* 777k fac 03-754 00S7
      950 words
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  • Page 53 Miscellaneous
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      128 53 LEGEND R Thunderstorm Temperature c X\ A shower Weather Wmd direction with speed in knots Ram Cloudy Sky Wove Surface winds ore indicated by orrows which fly with the wind One fun circle represents ccrim or Ught and vonabte wmds i— One ho» Heche represents 5 knots L-» One full
      128 words
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      233 54 M I 'M 3Jw B Bpecial Feature August '99 Make waves in a knowledge-based economy Singapore's position as a major maritime hub has never been more important. Especially now that the Trade Development Board aims to step up its efforts towards building an efficient trade system, excellent transport and logistics
      233 words