The Business Times, 5 August 1999

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Microfilm: NL21521
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    11 1 THE BUSINESS TIMES 85c SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, AUGUST 5, 1999
    11 words
  • Article
    Lock icon MARKET SUMMARY
    66 1 Da44uoo (+0.63) BT-SRI 80X36 (-0.65) SIMSCI FOTTOES 2SLOO (unch) CTI MABKET MOOD: mm Mixed STOCK MARKET INDICES Wednesday Change KLSE COMP 719-52 -2R82 NIKKEI 17,***** ***** HANG SENG >117.18 SET INDEX 461.43 -4.64 JAKARTA COMP 614.40 -4J9 MANILA COMP __t***** +16.92 TAIPEI WPI 7,110.80 4439 SEOULCOMP 976.46 +112
    66 words
  • Article
    Lock icon FINANCE
    83 1 FOREX RATES .US* SI (jSj j 682 £(US$/S$ per 1.628 1729 EURO(US$/S$ per E) 1.079 1.816 DM 1.812 0.928 YEN 115.1 1.461* RM 3.800 0.443 HKS 7.763 0217 BAHT 3734 0.046 RUPIAH 1910 0.024 'St to 100 unlit PRIME RATES SINGAPORE* 5.80 KUALA LUMPUR 7.25 JAKARTA 40 00 BANGKOK
    83 words
  • Article, Illustration
    Lock icon Simon Cheong in ANA deal with DBS Land
    1059 1  -  He'll inject 4 prime sites into ANA, have 70% controlling stake in the company By\ David Boey, Conrad Raj [SINGAPORE] Property dealmaker Simon Cheong has surfaced at listed ANA Hotels Singapore Ltd. In yet another a major deal, this time with DBS
    DEMISE TAN/ST  -  1,059 words
  • Article, Illustration
    Lock icon Top KL broker charged with abetting fugitive tycoon Soh
    654 1  -  Tony Tiah accused of abetting Soh Chee Wen in scheme to defraud Omega Sec From Ruth Wong in Kuala Lumpur PROMINENT stockbroker and owner of Malaysia's largest retail brokerage, Tony Tiah Thee Kian, was yesterday charged with breach of the country's
    654 words
  • Article
    Lock icon Move to liberalise stockbroking fees may be speeded up: BG Lee
    907 1  -  Schedule may need to be timed with other regulatory changes Ry\ Siow Li Sen [SINGAPORE] The liberalisation of stockbrokers' commissions may happen sooner than expected, Deputy Prime Minister Lee Hsien Loong said in Parliament yesterday. Member of Parliament for
    907 words
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      169 1 dtstoe US debt boyback The US Treasury will propose rules to buy back selected issues of highyielding government debt held by investors, P| li Daim: Nothing to hide Malaysian Finance Minister Daim Zainuddin has dismissed a police report made by former deputy premier Anwar Ibrahim acccusing him of corruption, PgO
      169 words
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      129 1 KS Tech's IPO times subscribed B£gls Stamford Tyros back on track Pgl4 Bills to tighten insurance regulations passed, Pg 3 1 KJSB&.' IP loMk^ FJ lik i|MK^. ft Bm. W M I ft 1& -> i J6h "■Hfl j«f r BaTiiiM ■i I .a ■^BMSr «:H You never T C
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon 57% of companies expect new orders to rise in Q3: survey
      516 2  -  Electronics to drive manufacturing rebound on strong US demand, says D&B IIH Eugene Low BUSINESS confidence among companies here continues to improve, with more firms expeitiug new orders and sales to rise in the third quarter this year compared
      Source: Dun & Bradstreet  -  516 words
    • Article, Illustration
      Lock icon Duo set up online sports venture
      466 2  -  Zoom Sports aims to be leading Internet sports network lty Soh Tiang Keng TWO Malaysian-based technopreneurs have formed an online sports company in Singapore, Zoom Sports, with ambitions to become a leading global sports network on the Internet. The company already has a soccer
      466 words
    • Article, Illustration
      Lock icon July job ad volume soars 91%
      292 2  -  EYE ON THE ECONOMY Advertising By] Marissa Chew THE job market is going from strength to strength, with the volume of job advertisements jumping 91 per cent in July from a year ago. The volume of job advertisements in newspapers, mainly The Straits Times,
      Source: SPH  -  292 words
    • Article
      Lock icon Keppel Marine should have clear revamp plan, timetable
      302 2  -  MAILBOX Teo Tat Beng Singapore via Internet THE Keppel Group of companies announced its restructuring plan last year. To date, the proposed restructuring is progressing at a snail's pace and appears to be seen only at certain companies within the group. Being
      302 words
    • Article
      Lock icon Monitoring of hedge funds needed to ensure fair market
      249 2  -  A S Khaled Brunei via Internet SHORT-selling by itself may not be bad. However, it is necessary to examine who the short-sellers are, how they get the information that prompt them to sell short, and whether "buying in" is enforced promptly
      249 words
    • Article
      Lock icon S888.com needs to have privacy policy
      228 2  -  Paul Wong Singapore via Internet I AM among those who were extremely perturbed by SBBB.com's aggressive promotions. But I am most concerned about the issue of privacy when online surfers subscribe to the lucky draw as well as become members of their virtual mall.
      228 words
    • Article, Illustration
      Lock icon Jobs up 15,400 in Q2 after falling for four quarters
      518 3  -  PARLIAMENT REPORTS But labour demand has yet to reach pre-crisis levels By. Audrey Tan THE economic pick-up has fed through to the labour market, as the number of jobs in Singapore grew by 15,400 in the second quarter, after declining
      FILE PHOTO  -  518 words
    • HOUSE BRIEFS
      • Article
        Lock icon CPF cut not causing mortgage woes
        121 3 THE cut in Central Provident Fund (CPF) contribution has not caused severe difficulties for CPF members using their ordinary account savings to pay for mortgages, Manpower Minister Lee Boon Yang said yesterday. He said that as at June 30, just 126 CPF members had
        121 words
      • Article
        Lock icon Pyramid selling: no substantiated cases
        104 3 THE Singapore Police received an average of just nine complaints of alleged pyramid selling each year, over the past three years. Ministry of Home Affairs Wong Kan Seng said yesterday. None of these cases were substantiated, he said in reply to a question on whether
        104 words
      • Article
        Lock icon 2 more Public Transport Council members
        68 3 PARLIAMENT yesterday amended the Public Transport Council Bill to increase the number of council members by two and to formall/give explicit powers and protection to the council's officers. The amendment also further empowers the council to carry out the provisions of the Act, such
        68 words
    • Article
      Lock icon Bills to tighten insurance regulations passed
      498 3  -  Brokers, agents mast be licensed; no incentive bonuses for brokers By! Siow Li Sen TWO bills were passed yesterday which could change the face of the insurance industry in Singapore. The Insurance Intermediaries Bill and the Insurance (Amendment) Bill are aimed at tightening insurance
      498 words
    • Article
      Lock icon S'poreans allowed visa-free entry to US from Aug 9
      201 3 AFP [WASHINGTON] The US State Department announced on Tuesday that as of next week travellers to the United States from Singapore will no longer require visas to enter the country. That also applies to travellers from two other countries Portugal and
      AFP  -  201 words
    • Article, Illustration
      Lock icon S'pore still a viable place to make disk drives: Quantum
      649 4  -  Its Japanese partner MEE is increasing desktop drive capacity here By Jennifer Lien THE disk drive industry may be seeing the worst conditions in history, but for Quantum Corp, Singapore is stiU a viable place to make drives, a senior
      Source: IDC,Quantum estimates  -  649 words
    • Article
      Lock icon ThatWeb launches software to access address books
      423 4  -  Aztech Systems subsidiary's product is world's first By' Teh Hooi Ling THATWEB, a wholly-owned subsidiary of Sesdaq-listed Aztech Systems, has launched what it calls the world's first and only software that enables users to access their address books belonging to different e-mail accounts
      423 words
    • Article, Illustration
      Lock icon Serangoon property for collective sale again
      273 4  -  By: Marissa Chew THE owners of Sunshine Apartments in Upper Serangoon Road have again put their property up for collective sale, from which they hope to fetch $16 million to $18 million. The property sits on a 20,911 sq ft freehold site about 400
      273 words
    • Article
      Lock icon Aug 28 is election day for new President
      217 4 AUGUST 28, a Saturday, is Polling Day for the new President, the Prime Minister's office announced yesterday. Voting is compulsory, and Polling Day will be a public holiday. Nomination Day is Aug 18, and the place for the nomination of candidates is
      217 words
    • Article
      Lock icon Eunos Technolink's first phase 50% sold
      157 4 THE first phase of Far East Organization's industrial development at Eunos Link is now 50 per cent sold, in just a couple of weeks of its soft launch. Eunos Technolink will be officially launched today and is priced from $260 per sq ft. Sitting
      157 words
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      57 2 j Akt~' e!j^ (j (\n(.oncucdtne &Ajb tCLA V 'ft ou ocon Theßitz-Carltctn* MILLKNIA SINIJAIXtRE Surroundings reminiscent of an emperor s summer abode. The art of Cantonese cuisine, fir for a royal entourage. Please call 434 5288 for reservations. 7 Raffles Avenue, Singapore *****9. Tel: 337 8888 Fax: 338 0001. www.ritzcarton.com.
      57 words
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      10 2 E-mail: btletter@sph.com.sg Wednesdays Asian View by Yang Razali Kassim TheßusinessTimes
      10 words
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      106 3 Sunday Classified at Clarke Quay \c*r±\ Every Sunday, 9am spm Buy h. Sell h. Find h. In business, only one symbol of prosperity stands out. Among all the inter enterprise business solutions, only -1- w VULI one continues to dominate the ASEAN market t wo y ec,,s n row Four
      106 words
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      684 4 ESEDJfeIs I Keppel FELS Energy Infrastructure Ltd I (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1999 I The Directors of Keppel FELS Energy Infrastructure Ltd advise the following unaudited results of the Company H and of the Group for the half
      684 words
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      251 5 viiol&^Boll^^H£^9i^Hß?*VV^^^B r f I Ml VDI in r f mtLW 1 i? M >' j 4| Dv j Fii r jHBHi jmPw- 11PH| NL j v!?^^h^Hffl^H^|^^lH w V J KMd| P^flMl^fl r J HJ 1 K*l i V J «3flD fito v&toxos oQ{fafc@ jilS U «A: I n I PIP.
      251 words
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  • ASIA ON THE MEND
    • Article
      Lock icon M'sian banking sector buzzing with merger talks
      396 6 Bloomberg Bernama, Reuters [KUALA LUMPUR] The consolidation of Malaysia's banking sector to create six large financial institutions began in earnest on Tuesday with a flurry of announcements about merger talks. Bank of Commerce Bhd said it received the central bank's nod to merge
      Bloomberg; Bernama,; Reuters  -  396 words
    • Article, Illustration
      Lock icon M'sian banks can lend RM54b to buy shares
      512 6  -  This is in addition to RM27.Bb already extended, says Bank Neg&ra governor From Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S central bank yesterday backed a call by First Finance Minister Daim Zainuddin that banks provide more margin financing for the stock market
      AFP  -  512 words
    • Article, Illustration
      Lock icon Daim denies graft charges
      206 6 AFX-Asia [KUALA LUMPUR] First Finance Minister Daim Zainuddin has dismissed a police report made by former deputy premier Anwar Ibrahim accusing him of corruption, the Sun reported. Mr Daim described the report as a ploy to divert attention from Anwar's sodomy trial. "I have nothing to
      AFX-Asia  -  206 words
    • Article
      Lock icon M'sia has enough foreign reserves: Dr M
      358 6 Bridge News, AFP, Reuters [KUALA LUMPUR] Malaysia's Prime Minister Mahathir Mohamad said yesterday an outflow of funds after endAugust won't hurt Malaysia as the country has enough foreign reserves to cushion the impact. Malaysia's one-year freeze on the outflow of portfolio funds, imposed
      Bridge News,; AFP,; Reuters  -  358 words
    • Article, Illustration
      Lock icon US$ sheds Tuesday's gains in late sell-off
      499 6  -  Euro surges to 3-month high; yen, Sing recoup losses By] Larry Wee [SINGAPORE] The US dollar was back on slippery ground last evening, after a late sell-off against the Japanese yen and Singapore dollar compounded its earlier fall to a three-month low of
      Source: Bridge  -  499 words
    • Article
      Lock icon Yuan devaluation seen as last resort
      388 6 Measure will only be taken if stimulus policies fail: analysts Reuters [BEIJING] China has backed away from an iron-clad pledge not to devalue the yuan currency, but will not resort to devaluation unless a package of economic stimulus policies fails to boost growth, analysts
      Reuters  -  388 words
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      424 6 Land Keppel Land Limited I (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF-YEAR ENDED 30 JUNE 1999 The Directors advise the following unaudited results of the Company and of the Group for the half-year ended 30 June 1999: COMPANY GROUP 1999 1998 1999 1998 $'000 000
      424 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Contest for presidency not over yet: Habibie
      500 7 WASHINGTON Top job must win more than 50% of national assembly votes in Nov Reuters INDONESIAN President BJ Habibie, in an interview published in yesterday's Washington Post, conceded that parliamentary elections had left him with "less mandate" to lead than his rival, Megawati
      Reuters  -  500 words
    • Article, Illustration
      Lock icon Now you don't see it
      53 7 [KUALA LUMPUR] Smog shrouds the Petronas Twin Towers (centre), the world's tallest building, yesterday in Kuala Lumpur. Malaysia has ordered state authorities to be prepared to activate a national haze action plan amid signs of smog returning and a projected dry spell over the next
      AFP  -  53 words
    • Article
      Lock icon US House okays extending Hanoi's trade status
      282 7 WASHINGTON It ensures Vietnam remains eligible for US export credits Reuters THE US House of Representatives has given its backing to President BUI Clinton's decision to extend Vietnam's eligibility for US export programmes for another year. The 297-130 vote on Tuesday means that
      Reuters  -  282 words
    • Article
      Lock icon P&G plans to expand Thai plant
      220 7 BANGKOK Bloomberg PROCTER Gamble Co asked Thailand for tax breaks for another plant expansion as the largest US producer of household products seeks to centralise more production in Asia, a senior government official said. P&G's latest plan for a plant expansion could match a
      Bloomberg  -  220 words
    • Article
      Lock icon Inflation: Philippines to hit target
      142 7 MANILA Reuters THE Philippines will easily achieve its 1999 average inflation target of 8 to 9 per cent, the country's economic planning chief said yesterday. "We're very confident that we will achieve our target and probably do even better," Socio-economic Planning Secretary Felipe Medalla said
      Reuters  -  142 words
    • Article
      Lock icon Thailand mulls ways to keep sugar industry from collapse
      378 7 BANGKOK Options include overseas loans and taxing sugar imports Bridge News THAILAND has to seek funds to prevent any coUapse of the local sugar industry hit by the regional financial crisis and sluggish world sugar prices, government sources said. Options under
      Bridge News  -  378 words
    • Article, Illustration
      Lock icon Aceh hit by 2-day general strike
      277 7 BANDAACEH Indonesia Reuters INDONESIA'S restive Aceh province came to a near standstill yesterday as residents heeded a general strike called to protest against military oppression. In Jakarta, a group of Acehnese occupied the Dutch embassy to demand Indonesia's former colonial master lobby the United
      Reuters; AFP  -  277 words
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      53 7 All of these securities have been sold. This announcement appears as a matter of record only. 230,000,000 Shares U*****,000,000 Tndofood THE SYMBOL OF C QUALITY FOODS PT Indofood Sukses Makmur Follow-On Offering of Secondary Shares Price 1DR8,300 per Share 4 Joint-Lead Managers and Joint Bookrunners SUISSE BOSTON MORGAN STANLEY DEAN
      53 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Caution rules at Hongkong government land auction
      560 8  -  Bids were not exorbitant, with most of the big boys staying on sidelines From < Quak Hiang Whai in Hongkong DESPITE strong results from previous two public land sales, Hongkong developers adopted a more cautious approach at the government land auction yesterday. Analysts
      560 words
    • Article
      Lock icon Plunge seen in China's current account surplus
      206 8 BEIJING Reuters CHINA'S current account surplus is forecast to plunge to around US$5 billion (SsB.4 billion) this year from U5529.32 billion in 1998, the Economic Information Daily said yesterday. China was likely to post a capital account deficit similar to last year's U556.32
      Reuters  -  206 words
    • Article
      Lock icon China's listed firms may be allowed to issue more shares
      268 8 SHANGHAI Non-trade&ble stakes held by state to be reduced: report AFP A SENIOR official has hinted that China's listed companies will soon be allowed to issue more shares and reduce nontradeable stakes held by the state, the official Shanghai Securities
      AFP  -  268 words
    • Article
      Lock icon Red chip buys gas firm stake
      85 8 HONGKONG Reuters RED chip Tianjin Development Holdings has agreed to buy a 40 per cent stake in a Chinese gas company, Wah Sang Gas Investment Group, from its parent Tsinlien Group Co for HK$B2 million (5517.8 million), chairman Wang Guang Hao told a news
      Reuters  -  85 words
    • Article, Illustration
      Lock icon China blocking Taiwan's WTO entry: Taipei official
      381 8 TENSION IN TAIWAN STRAIT Cuba, Pakistan, Sri Lanka, Bangladesh undermining efforts AFP [TAIPEI] China has taken moves to block Taiwan's accession to the World Trade Organisation (WTO) amid heightened cross-strait tension, a top trade official said here yesterday. "Communist China has manoeuvred to
      AFP  -  381 words
    • Article
      Lock icon US military plane not allowed to land in HK
      290 8 HONGKONG Move comes a week after lifting ban following Nato embassy bombing Reuters CHINA has refused to let a US military plane on a routine flight land in Hongkong, despite apparently lifting a ban on such stopovers last week, a US
      Reuters  -  290 words
    • Article
      Lock icon Teng-hui blasts China for bullying Taiwan
      259 8 TAIPEI President pushing island to verge of calamity, warns People's Daily AFP PRESIDENT Lee Teng-hui has accused the Chinese authorities of bullying Taiwan and blamed the mainland for renewed tensions between the rivals. China has also stepped up its propaganda onslaught, with a signed
      AFP  -  259 words
    • SINO Briefs
      • Article
        Lock icon Yangtze floods kill over 400: Red Cross
        156 8 AFP [BEIJING] More than 400 people have been killed and 66 million affected by disastrous summer flooding along the Yangtze river, the International Red Cross said yesterday. "While our figures don't always correspond with the national government, the official Red Cross figures show
        AFP  -  156 words
      • Article
        Lock icon Plans for a flood insurance firm
        71 8 Bridge News [SHANGHAI] China may establish a special flood insurance organisation to be run by a commercial corporation, if a proposal sponsored by Blanch and Swire Asia Co Ltd is accepted, the official Xinhua News Agency reported yesterday. Floods caused 160 billion yuan (5532.4
        Bridge News  -  71 words
      • Article
        Lock icon Reward for arrest of Falungong leader
        68 8 Reuters [BEIJING] China is offering rewards of at least US$6,OOO (S$10,080) for information leading to the arrest of Li Hongzhi, leader of the banned Falungong sect, the semi-official China News Service said yesterday. State TV will run a list in mid-August of the most-wanted
        Reuters  -  68 words
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      88 8 Strait Talk TheßisinessTimes Shipping times if Our scheduled cargo routes cover 17 cities in 13 5 countries, flying from Singapore via Moscow to Japan, China, Middle East and Western Europe. With a large single cargo capacity of 120 tons and the world-class I' SITA cargo management information system, Aeroflot can
      88 words
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  • ASIA
    • Article, Illustration
      Lock icon Japan may fail to squash Y2K bug
      556 9 Trains expected to grind to a halt before New Year AFP [TOKYO] The computer-crippling millennium bug is catching up on Japan and may thwart efforts to eradicate it in time, a government official admitted yesterday. Fears of the computer glitch are suddenly on
      AFP; MIEL/ST  -  556 words
    • Article
      Lock icon Daewoo under govt pressure to put up more units for sale
      440 10 SEOUI Foreign banks trying to retrieve USs4.sb loans; unhappy they didn't get collateral AFP SOUTH Korea's government yesterday stepped up pressure on the Daewoo Group to sell its cash cows as foreign banks sought to retrieve US$4.5 billion (557.6
      AFP  -  440 words
    • Article
      Lock icon Hanvit GDR sale shows Seoul easing up
      357 10 SEOUL 21% discount to share price a fair deal, say analysts Reuters THE steep discount that South Korea's state-run Hanvit Bank gave on its global depositary receipt (GDR) listing this week shows the government is getting more flexible about asset sales, sector analysts
      Reuters  -  357 words
    • Article
      Lock icon US sees vital role for Apec in post-crisis Asia
      334 10 WASHINGTON It wants grouping to help Asians choose reform, not protectionism AFP THE United States foresees a pivotal role for the Asia-Pa-cific Economic Cooperation (Apec) in averting a revival of nationalism and protectionism in the Asia-Pacific region as it emerges from
      AFP  -  334 words
    • Article
      Lock icon IT firm Wipro's chairman is world's richest Indian
      280 10 NEW DELHI With USs2.Bb, he has displaced steel baron Mittal AS Wipro's stock prices soared in the Indian stock market, chairman Azim Premji's position as India's richest man was a foregone conclusion. Mr Premji has just displaced the Hindujas and the Mittals
      280 words
    • Article, Illustration
      Lock icon A watershed in Sydney
      110 10 [SYDNEY] An oil slick from Italian tanker Laura D'Amarto (centre right) being contained by floating booms at Gore Cove, north-west of Sydney, yesterday. The 10,000 litre leakage happened as the tanker was discharging light crude oil and spread down the harbour with its pungent smell forcing
      REUTERS  -  110 words
    • Article
      Lock icon Australia, NZ to ease foreign business investment rules
      367 10 WELLINGTON Both countries raise limit for non-land foreign investment Reuters AUSTRALIA and New Zealand have agreed to jointly ease rules on foreign business investment, New Zealand Prime Minister Jenny Shipley said yesterday. In a joint communique, Ms Shipley and Australian Prime Minister
      Reuters  -  367 words
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      134 9 V y#^ Just as sophisticated engineering is Hie very foundation of BMW, the accurate maintenance analysis. This is how we can backbone of Performance Motors is formed by the highest possible continue to provide cost-effective support to keep BMW service standards. Our computer diagnostic system holds every your BMW in
      134 words
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      490 10 Hitachi Zosen I Keppel Hitachi Zosen Limited I I (Incorporated in the Republic of Singapore) H 1. UNAUDITED RESULTS FOR THE HALF-YEAR ENDED 30 JUNE 1999 I The Directors of Keppel Hitachi Zosen Limited advise the following unaudited results of the Company and of H the Group for the six
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  • THE WORLD
    • Article, Illustration
      Lock icon US Treasury to buy back own debt for cash
      512 11 WASHINGTON It will also cut back on bond sales due to reduced need; bonds gain on news Bloomberg THE United States is proposing to take the unusual step of buying back its own debt. The plan for the possible repurchase of
      Bloomberg; FILE PHOTO  -  512 words
    • Article
      Lock icon UK economy primed for low inflation growth
      541 11 LONDON Retail sales up sharply as service sector expands Reuters BRITAIN'S economy has returned decisively to growth but strong retail sales and service sector figures released yesterday also showed inflation remained sidelined, reducing the case for an early UK interest rate rise. Retail
      Reuters  -  541 words
    • Article
      Lock icon UK body eyes US-style anti-trust crackdown
      498 11 Competition boss to propose tough tactics to fight cartels Reuters BRITAIN'S competition boss plans to call on the government to adopt tough US-style anti-trust measures, including heavy fines and amnesties for firms who whistleblow on fellow-cartel members. Office of Fair Trading di-rector-general John Bridgeman
      Reuters  -  498 words
    • WORLD Watch
      • Article
        Lock icon US factory orders up 0.7%
        76 11 Reuters [WASHINGTON] US factory orders rose 0.7 per cent in June, boosted by strong demand for electric lighting and wiring as well as communications equipment, the Commerce Department said yesterday. The total value for new orders rose a stronger-than-expected 0.7 per cent to a seasonally
        Reuters  -  76 words
      • Article
        Lock icon West adjourns talks on Russia debt
        99 11 Reuters [LONDON] Western bankers adjourned debt restructuring talks with Russia yesterday and said a major deal that would vastly improve the country's finances could be struck by year-end but only if final offers were good enough. The day of talks, aimed at finding a
        Reuters  -  99 words
      • Article
        Lock icon EBRD chief economist quits
        79 11 Reuters [LONDONO] The chief economist of the European Bank for Reconstruction and Development (EBRD), Nicholas Stern, will leave in October to take up a variety of academic and consultancy jobs, the bank said yesterday. An EBRD statement said Mr Stern would take up a half-time chair
        Reuters  -  79 words
      • Article
        Lock icon Queen Mother celebrates 99th birthday
        86 11 Reuters [LONDON] Britain's Queen Mother yesterday entered her 100 th year with an exuberant 99th birthday celebration that cemented her position as the most enduringly popular member of the royal family. Deluged with cards, flowers and balloons by adoring fans, she was even offered an
        Reuters  -  86 words
      • Article
        Lock icon Euro hits 3-month high against US$
        101 11 Reuters [LONDON] The euro broke through stiff resistance to trade at a three-month high against the bruised dollar yesterday, while European share markets kept close to overnight levels in thin holiday trade. Concern over US asset markets and optimism over the European economy helped
        Reuters  -  101 words
    • Article
      Lock icon EC to sue Bonn if it maintains ban on UK beef
      290 11 LONDON Bloomberg THE European Commission will sue Germany if it does not soon lift a ban on British beef imports in line with EU legislation, the UK government said. The European Union on Aug 1 allowed British farmers to
      Bloomberg  -  290 words
    • Article, Illustration
      Lock icon When traders take the floor
      65 11 [SAO PAULO] Traders at Brazil's Sao Paulo stock exchange on Tuesday idling after suspending all transactions during a half-hour work stoppage after laying protest banners on the trading floor. They are demanding an end to a transaction tax which they claim might force customers to
      AFP  -  65 words
    • Article
      Lock icon Republicans agree on US$792b tax cut bill
      378 11 Bloomberg REPUBLICAN leaders in the US Congress crafted a 10year, US$792 billion (551.33 trillion) tax cut bill that would reduce income and capital gains taxes, offer retirement savings incentives and simplify aspects of tax laws that afTect US companies that operate overseas. The
      Bloomberg  -  378 words
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      77 11 EN-BLOC SALE J FREEHOLD DEVELOPMENT SITE 1 •Bus j Land Area: 20,911 sq.ft. A/ DCP Plot Ratio 2.8 A Nanya^Jnf] Close to Seranqoon Town Centre and Bus Interchange Hy Minutes Walk to Future Seranqoon MRT Sunnydaie /S/ TENDER CLOSING DATE: Roid \I I 26 AUG 1999 (Thursday), 4pm For more
      77 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Bumper crop sets India on recovery path
      758 12  -  THE BOTTOM LIVE OPINION By Prem Shankar Jha The writer .former editor of The Hindustan Times, contributed this article to BT WITH every week that passes, the signs that India is beginning to come out of its 30-month recession are growing stronger. Industrial
      758 words
    • Article
      Lock icon IN OTHER WORDS
      142 12 'I don't believe we need another president who has inexperience when it comes to foreign policy. There's only so much you can get from briefings and briefers and crash courses when it comes to foreign policy. But I can just tell you, from my point of view,
      142 words
    • Article
      Lock icon Accepting the voters'verdict
      649 12 EDITORIAL AFTER weeks of delay, Indonesian President B J Habibie has finally declared the results of the June 7 general elections valid by issuing a decree. That decision was roundly welcomed, as evidenced by the 3.8 per cent jump in the stock market on Tuesday. But the
      649 words
    • Article, Illustration
      Lock icon The 'typical' Asian consumer is an illusion
      925 12  -  Region is decades away from levels of standardisation that exist in US, Europe By] Michael Morris The writer is the Singapore-based managing partner of TheMarketingPartnership, a firm which assists clients in designing marketing strategies. This article first appeared in Food Chain Asia IN
      FILE PHOTO  -  925 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      1067 12 Soar grapes of Indon poll WHEN Indonesia decided last year to let the seeds of democracy sweep into the country in their thousands, nobody seemed to foresee that so many opportunistic politicians would also join the feast of freedom. But the decision seems to have backfired
      1,067 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Over 45 and the sex is great
      585 13  -  So says a new survey on older persons, as robdv tomer finds out ROBIN TONER NYT Anew survey finds that more than half of Americans 45 or over say they are satisfied with their sex lives, but that sexual activity and contentment diminish
      NYT; FILE PHOTO  -  585 words
  • Page 13 Advertisements
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  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      1158 13 CRYPTIC CROSSWORD 1 He works so that others may play (8) 9 Press one to state conclu- Bo H U H|H "MT sion is intended as satire (8) H JH— HH HB__ 11 Senior NCO on board is a ~WM BHH IB weapons expert (6-2-4) PH__JBL— —Hi 13 Supercilious about
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  • MOTORING
    • Article, Illustration
      Lock icon Set for a smooth ride
      1020 14  -  Stamford Tyres is back on track after two hard years. CHRISTOPHER TAM talks to its founders CHRISTOPHER TAN THE last two years have been more than a bumpy ride for Wee Kok Wah, president of Stamford Tyres. First, a fire razed its main facility off
      CHRIS LOH; Source: Bloomberg  -  1,020 words
    • Article
      Lock icon Nissan's July sales hit new industry peak
      308 14  -  M&rqne could be bestseller in Singapore this year Byi Christopher Tan [SINGAPORE] One in three new cars sold last month was a Nissan. In fact, distributor Tan Chong set a new industry record by registering 992 cars, 61 more than the previous best
      308 words
    • BUMPER to BUMPER
      • Article
        Lock icon Price-fixing probe may hurt car makers
        131 14 CAR makers which derive significant portions of their revenues from the UK and Germany could be badly affected by current price-fixing investigations, says a leading credit agency. Duff Phelps Credit Rating Co expects the probe to result in price reductions, which will affect the
        131 words
      • Article, Illustration
        Lock icon Honda's 'green' and sexy S2000
        83 14 HONDA agent Kah Motor launches the sexy S2OOO today Priced at $212,000 on the road, it will be the most expensive Honda after the $400,000 NSX supercar. Three buyers have already booked the car, even before a test-drive. Kah expects to sell 10-15 a year.
        83 words
      • Article
        Lock icon VW appoints new Taiwan distributor
        118 14 VOLKSWAGEN has appointed Typhone Group its new importer for Taiwan. Typhone. a diversified public company, plans to invest NT$2.7 billion (*****.9 million) into the VW distribution business. Initiatives include new showroom designs and sales and service channels for Volkswagen that provide customers with a comfortable
        118 words
      • Article, Illustration
        Lock icon In the works: new Merc sports car
        110 14 DAIMLERCHRYSLER and soon-to-be affiliate TAG McLaren Group will invest 200 million euros (*****.7 million) on a super sports car to be launched in 2003. Called the Mercedes-Benz SLR, the car will have a 544 hp V 8 engine that develops an obscene 700
        110 words
      • Article
        Lock icon More power to the Boxster S
        70 14 ANOTHER wicked wailer from Porsche has been released. The Boxster S gets a bigger 3.2-litre engine, boasting an output of2s2hp (from 204) and torque of 305 newton-metre (from 246). More significantly, the engine will produce 85 per cent of pulling power at a low
        70 words
      • Article
        Lock icon Delphi buys stake in Akebono Brake
        82 14  -  -Compiled by Christopher Tan DELPHI Automotive Systems will take a 5.9 per cent stake in Tokyo-based Akebono Brake Industry Co for about US$l5 million (5525.2 million). Delphi, a leading maker of car components, said its investment in the No 1 supplier of brakes to
        82 words
    • Article
      Lock icon Corrections and clarifications
      76 14 IN our article "Parallel imports up, with Toyota the top choice" (BT, July 29), we erred in our estimates of "grey" Toyota and Nissan cars sold here. There were in fact about 250 parallel-imported Toyota cars registered in the January-June period, accounting for just over 8 per
      76 words
    • Article
      Lock icon GM to build cars in Japan in 5 years
      446 14 It plans to boy existing plant; move aimed at boosting Asia-Pac sales Bloomberg [DETROIT] General Motors, the world's largest carmaker, said it plans to build cars in Japan within five years, for the first time since before World War 11, to
      Bloomberg  -  446 words
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      72 14 i •>lfL* W SAny petrol can power your car, but Formula Shell XO does more. Its revolutionary formulation cleans your engme as you dr.ve, gmng you a silky, smooth ride. Powerful Vaporon™ energy f\ f\ boosters unleash extra energy the instant you step on your accelerator Ifs the most advanced
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  • COMPANIES & MARKETS
    • Article
      Lock icon KepLand posts flat interim results
      558 15  -  H2 profit could surpass expectations if company writes back hnge provisions made in 1998 By Lee Han Shih [SINGAPORE] Keppel Land yesterday declared a set of flat interim results but left the question open on whether it would write back some of the huge provisions
      558 words
    • Article, Illustration
      Lock icon KS Tech's subscription rate highest since 1990
      246 15  -  IPO WATCH Specialist equipment supplier's offer 335J3x subscribed By Clarissa Tan [SINGAPORE] KS Tech's initial public offer has been subscribed 335.8 times the highest rate so far this year and also the highest since 1990, when Kim Eng Securities was subscribed 784 times.
      FILE PHOTO  -  246 words
    • Article
      Lock icon Is SembCorp getting mileage from gas terminalplan?
      791 15  -  HOCK LOCK SIEW Ronnie Lim NO knee-jerk reaction, but a well-timed announcement with a punch. That's how one might read SembCorp's disclosure on Tuesday of a plan to build a US$5OO million (SsB4l million) worldscale liquefied natural gas (LNG) terminal capable of receiving
      791 words
    • Article, Illustration
      Lock icon Strike Engineering ends debut at double IPO price
      302 15  -  By\ Eugene Low [SINGAPORE] Despite slow market conditions, Strike Engineering made a dazzling debut on Sesdaq yesterday, closing at 39 cents more than double its 19 cents offer price. Shares of the mechanical and electrical engineering company opened at 30 cents, which
      Source: Bloomberg  -  302 words
    • Article, Illustration
      Lock icon Better load factor sends SIA (L) to all-time high
      382 15  -  Shares hit $15.90 intraday before settling at $15.80 By) David Boey (SINGAPORE] Singapore Airlines share price gained ground yesterday as the market greeted news of its improved load factor figures for the month of June. The local tranche of the national
      Source: Bloomberg  -  382 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article
        Lock icon PrimePartners raises US$182m for new fund
        437 16  -  Prime Enterprise Fund 2 will invest in Asia, excluding Japan By' Wong Wei Kong [SINGAPORE] Homegrown private equity fund PrimePartners Direct Investment Group has raised US$lBl.5 million (*****.2 million) for a new investment vehicle, boosting its total fund size to close to US$3OO million
        437 words
      • Article
        Lock icon AIG unit offers insurance scheme for SES firms
        307 16  -  By\ Soh Tiang Keng [SINGAPORE] The Stock Exchange of Singapore and the American Home Assurance Company have entered into an agreement in which AHA will offer the Singapore Management Protection Programme (SMPP) to all listed companies here. Underwritten by AHA a member
        307 words
      • Article, Illustration
        Lock icon NCB official joins Panpac Medi&com's Internet unit
        396 16  -  He plans to replicate its Internet portal to a few cities in Asia By' Toh Han Shih [SINGAPORE] Thomas Yeoh, a senior National Computer Board (NCB) official, will add firepower to Panpac Media.com's charge into cyberspace. The Sesdaq-listed magazine publisher has appointed the
        396 words
      • Article
        Lock icon Datacraft placing out 12.5m shares
        153 16 [SINGAPORE] Datacraft Asia intends to place out 12.5 million new shares at US$4.l4 each, the communications and networking systems integrator said yesterday. The placement, which will be handled by DBS Bank and Cazenove, will raise about US$5O.BB million (5585.6 million). About US$2O million will be
        153 words
      • Article, Illustration
        Lock icon KepFels Energy interim soars 95%
        416 16  -  It posts $26m profit despite 26% fail in turnover to $460 m ih, Eugene Low [SINGAPORE) Despite a drop in sales, Keppel Fels Energy Infrastructure (KepFels Energy) yesterday reported a 94.7 per cent jump in net profits to $26 million for the six months ended
        FILE PHOTO  -  416 words
      • Article
        Lock icon Keppel Hitachi Zosen in black with $16m H1 earnings
        458 16 [SINGAPORE] Keppel Hitachi Zosen (KHZ) has returned to the black with net earnings of 516.6 million at half time, compared to losses of $36.2 million a year ago. Its directors expect to maintain its performance in the second half. For the
        458 words
      • COMPANY Briefs
        • Article
          Lock icon United Engineers forms Dhaka unit
          53 16 [SINGAPORE] United Engineers has formed a fully-owned subsidiary in Bangladesh to undertake import, export, distribution and procurement activities there. The subsidiary, UE Bangladesh, is held through UE Myanmar and will further promote the latter's existing Myanmar-Bangladesh trade. UE Bangladesh has a paid-up capital of three
          53 words
        • Article
          Lock icon SNP Corp names director
          94 16 [SINGAPORE] SNP Corp has appointed Tan Kee Yong its non-executive director, effective yesterday. Mr Tan, 42, was deputy director of the Ministry of Home Affairs from 1986 to 1992. He then became the director of operations and in 1994, moved to the Ministry of Defence as
          94 words
        • Article
          Lock icon SerialSystem cuts Serial Semicon stake
          75 16 [SINGAPORE] Serial System has reduced its equity interest in Serial Semiconductor Co, a company incorporated in Taiwan, to 41.7 per cent from 42.5 per cent The effective date of the dilution will be in mid-August 1999, the company said. The dilution is not expected to
          75 words
        • Article
          Lock icon DBS Land rights issue oversubscribed
          58 16 [SINGAPORE] DBS Land yesterday said it received acceptances and excess applications for a total 0f282.9 million rights shares, or about 111.7 per cent of the total number of rights shares offered, when the issue closed on July 29. Acceptances totalled 246.6 million rights shares while
          58 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Indosat bullish as 1st-half income sees 37% increase
        389 17 It expects a better second half as political, economic situation improves Reuters [JAKARTA] Indonesian international telecoms operator PT Indosat yesterday said first-half net income rose 37 per cent to 683.4 billion rupiah (*****.7 million) and demand was expected to grow for the
        Reuters  -  389 words
      • Article
        Lock icon Bank of Philippine Islands to buy Ayala Insurance
        306 17 It can then sell insurance products through its branches 17 [MANILA! Bank of the Philippine Islands (BPI) plans to acquire Ayala Insurance Holdings Corp from its parent company, allowing the nation's third-largest bank to sell insurance products through its branches and diversify
        17  -  306 words
      • COMPANY Briefs
        • Article
          Lock icon Acer not pulling out of Philippines
          116 17 Reuters [TAIPEI] Taiwan's leading computer maker Acer Inc yesterday said it had no plans to pull the plug on investments in the Philippines due to an aviation row between Taipei and Manila. "At the moment, Acer does not plan to pull out from the
          Reuters  -  116 words
        • Article
          Lock icon Taiwan's Via Tech to buy Cyrix Corp
          109 17 AFP [SAN FRANCISCO] Via Technologies will pay US$l67 million (*****.6 million) to National Semiconductor Corporation which on Tuesday agreed to sell its Cyrix Corporation unit to the Taiwan company. National Semiconductor last month announced plans to sell Cyrix, acquired two years ago for
          AFP  -  109 words
        • Article
          Lock icon Siam Cement to trim debt to 100b baht
          63 17 Reuters [BANGKOK] Siam Cement plans to cut its corporate debt to about 100 billion baht (554.5 billion) in two years from 150-170 billion baht, the Bangkok Post said yesterday. It quoted Siam Cement vice-president Aviruth Wongbhddhapitak as saying the targeted reduction would
          Reuters  -  63 words
        • Article
          Lock icon Adkinson stock sale to raise 3.1b baht
          92 17 Bloomberg [BANGKOK) Adkinson Securities, a Bangkok-based brokerage in which George Soros' Quantum funds last year bought a 23 per cent stake, said it plans to raise 3.1 billion baht (*****.5 million) by selling stock to shareholders from Sept 6 to Sept 10. The
          Bloomberg  -  92 words
        • Article
          Lock icon Tianjin Dev to buy China gas firm stake
          103 17 Reuters [HONGKONG] Red chip Tianjin Development Holdings yesterday said it has agreed to buy a 40 per cent stake in a Chinese gas company from its parent for HK$B2 million (5517.8 million). Tianjin Development chairman Wang Guang Hao said the company had
          Reuters  -  103 words
      • Article
        Lock icon Metro Pacific's 2nd qtr net income climbs to 435m pesos
        431 17 Bloomberg [MANILA] Metro Pacific Corp, the developer of the future home of the Philippine Stock Exchange, said its sec-ond-quarter profit surged as it cut debts and sold its bot-tled-water unit to focus on property. Metro Pacific said net income in
        Bloomberg  -  431 words
      • Article, Illustration
        Lock icon Sega to take Dreamcast online
        83 17 [TOKYO] A Japanese boy yesterday playing Sega's Dreamcast at a video game shop in Tokyo. Sega Enterprises said yesterday that it was in talks with AT&T to launch next month an online service for US buyers of the Internet-compatible Dreamcast video game machine. Sega is
        AFP  -  83 words
      • Article
        Lock icon Goldtron placing up to 200m shares
        319 17 Deal may dilute Goldtron Ltd's stake to 17.95% Reuters [HONGKONG] Goldtron Holdings Ltd said yesterday it would place up to 200 million new shares at HKJO.I7 per share to third party investors, aiming to raise funds for the possible acquisition of an Internet firm.
        Reuters  -  319 words
      • Article
        Lock icon C&W HKT, Dao Heng offer mobile banking, stocks service
        253 17 Reuters [HONGKONG] Cable Wireless HKT and Dao Heng Bank Group Ltd, controlled by the Guoco Group, yesterday announced a mobile banking service that offers banking and securities trading services at one go. The new service will allow Cable Wireless HKT "1010"
        Reuters  -  253 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon StanChart interim profit down 30%
        611 18 Income falls to £185 m, £240 m set aside for bad debt Bloomberg, Reuters [LONDON] Standard Chartered pic's first-half profit fell 30 per cent as the bank set aside more money for bad debt in Asia, where the UKbased bank holds two-thirds of its assets.
        Bloomberg,; Reuters; Source: Bloomberg  -  611 words
      • Article
        Lock icon Telecom Corp to build new network
        274 18 No INZ phone firm to spend NZ$l6O-200m on CDMA network Bloomberg [WELLINGTON] Telecom Corp, the No 1 New Zealand phone company, said it expects to spend between NZ$l6O million and NZ$2OO million (*****.2-*****.7 million) building a new cellular phone network over the next two
        Bloomberg  -  274 words
      • Article
        Lock icon BNP bids for SocGen and Paribas go to shareholders
        496 18 Deadline passes for buying stock to be counted in the offer Bloomberg [PARIS] Banque Nationale de Paris' bid for Societe Generate and Paribas is now up to existing shareholders, because the deadline for buying stock that can be counted in the
        Bloomberg  -  496 words
      • Article
        Lock icon Orange rings up maiden UK profit
        382 18 Record customer growth drives sales np 52% Reuters [LONDON] Orange pic, Britain's third biggest mobile phone company partly owned by Hutchison Whampoa of Hongkong, yesterday unveiled maiden UK pre-tax profit in the second quarter as record growth in customers helped send group halfyear sales
        Reuters  -  382 words
      • Article
        Lock icon Caltex, BP Amoco to form lubricants venture in Australia
        341 18 Bloomberg [SYDNEY] Caltex Australia, Australia's largest oil refiner and retailer, will form a lubricants joint venture with the Australian unit of BP Amoco. The joint venture, to be called the Australian Lubricants Manufacturing Company, will be based in Brisbane. It will
        Bloomberg  -  341 words
      • GLOBAL Briefs
        • Article
          Lock icon Swissair gets nod to buy France's AOM
          55 18 Bloomberg [BRUSSELS] SAirGroup unit Swissair and family-controlled holding company Marine-Wendel won European Union clearance to acquire AOM, France's No 2 airline, enabling Swissair to capture a greater share of Europe's largest passenger market The European Commission said the purchase, for an unspecified sum,
          Bloomberg  -  55 words
        • Article
          Lock icon Reckitt and Cohman to cut 1.500 jobs
          109 18 AFP [LONDON] British household products company Reckitt and Colman yesterday said that it planned to shed 1,500 jobs as part of its global restructuring drive. The company last week announced that it planned to merge with its Dutch competitor, Benckiser, to create the
          AFP  -  109 words
        • Article
          Lock icon Gates to sell shares worth US$847.5m
          81 18 Bloomberg [REDMOND, Washington] Microsoft Corp chairman and chief executive Bill Gates filed to sell 10 million common shares of the world's biggest software maker, valued at U*****.5 million (Ssl.4 billion) at Tuesday's stock price. Microsoft shares fell 1/16 to US$B4 v«. The sale would
          Bloomberg  -  81 words
        • Article
          Lock icon Bell Atlantic,Vodafone to split PrimeCo
          103 18 Reuters [NEW YORK] Bell Atlantic Corp and Vodafone Air Touch on Tuesday agreed to split their PrimeCo Personal Communications wireless phone joint venture in a deal that ends their six-month battle, but still leaves Vodafone Air Touch without a national US presence. Under the deal,
          Reuters  -  103 words
      • Article
        Lock icon Dow Chem buys Union Carbide in stock deal worth US$11.6b
        555 19 It will create world's second largest chemical company after DnPont Reuters, Bloomberg [NEW YORK] Dow Chemical Co has agreed to acquire rival Union Carbide Corp in a stock deal worth US$ll.6 billion (5519.5 billion) that will create the world's second
        Reuters,; Bloomberg  -  555 words
      • Article, Illustration
        Lock icon Top Sun exec joins investment firm Warburg, Pincus
        331 19 Bloomberg [PALO ALTO, California] Sun Microsystems Inc said on Tuesday that Alan Baratz, who headed the computer company's effort to make its Java software an industry standard, has left to join investment firm Warburg, Pincus Co. Jon Kannegaard, general manager of Sun's
        Bloomberg; FILE PHOTO  -  331 words
      • Article
        Lock icon Chase claims default on US$800m loan: Iridium
        545 19 Bondholders also seen turning up heat on Motorola Bloomberg [WASHINGTON] Iridium LLC, the cash-strapped satel-lite-phone company, said Chase Manhattan Corp claims the company has de faulted on an US$BOO million (Ssl.3 billion) loan and is demanding that Motorola Inc, Iridium's biggest investor, put
        Bloomberg  -  545 words
      • Article
        Lock icon ExciteAtHome denies merger report
        287 19 Internet service firm says it had limited talks with Yahoo Reuters [SAN FRANCISCO] ExciteAtHome Corp president George Bell on Tuesday denied a published report that his company was in merger talks with Yahoo! Inc, sending the stock down sharply from gains made early in the day.
        Reuters  -  287 words
      • Article
        Lock icon Internet brokers face decline in trading volume
        596 19 Report leads to plnnge in shares of online brokers Bloomberg [SAN FRANCISCO] Internet brokers may see their first decline in trading volume in the third quarter because of weakness in the Internet stocks their customers favour, said Credit Suisse First Boston analyst Bill
        Bloomberg  -  596 words
      • Article, Illustration
        Lock icon Mattel to sell Barbie computers for children
        182 19 Bloomberg [EL SEGUNDO, California] Mattel Inc, the world's largest toy company, will lend its Barbie and Hot Wheels names to a line of personal computers in September to add more sales from popular computer-based children's products. The computers will sell for about US$6OO
        Bloomberg  -  182 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon JP Morgan launches index of emerging bond markets
        615 20 EMBI Global tracks 128 bonds of 27 countries including five from Asia Bloomberg [NEW YORK] JP Morgan Co introduced a new 27-na-tion emerging market bond index to include debt from more countries, reflecting the increase in the number of governments that tap
        Bloomberg  -  615 words
      • Article, Illustration
        Lock icon Toronto-Dominion Bank to buy Canada Trust for C$8b
        567 20 It'll take No 2 position in mutual fund holdings, personal deposits Reuters, NYT [TORONTO] Toronto-Domin-ion Bank. Canada's fifth-larg-est, Tuesday said it would take a second crack at growth through acquisition by buying the country's largest trust company, Canada Trust (CT), for CsB
        Reuters,; NYT; REUTERS  -  567 words
      • Article
        Lock icon Indian banks face bleak future: Moody's report
        457 20 Slow reform pace, bad loans, low level of automation cited AFP [NEW DELHI] Indian banks crying out for financial sector reforms and plagued by bad loans face a bleak future, the US-based credit assessor Moody's Investors Service said on Tuesday. In its Banking
        AFP  -  457 words
      • Article
        Lock icon EU nod for Santander's Portugese purchase
        243 20 AFP [BRUSSELS] The EU Commission gave approval on Tuesday for the Spanish bank Banco Santander Central Hispano (BSCH) to acquire joint control of the Portuguese Champalimaud group, an EU spokesman said. On July 20 the commission suspended a veto against the alliance by the
        AFP  -  243 words
      • SMALL Change
        • Article
          Lock icon QBE's bid for UK insurer rejected
          118 20 Bloomberg [SYDNEY] QBE Insurance Group, one of Australia's top five insurance companies, said its offer to buy UK insurer LIMIT pic has been rejected as not high enough. QBE confirmed it made a preliminary approach to LIMIT and said the discussions broke down late
          Bloomberg  -  118 words
        • Article
          Lock icon American Express to expand in Japan
          104 20 Reuters [TOKYO] American Express, in a move to strengthen its presence in Japan, yesterday said it would begin providing services to Japanese institutional investors. American Express Asset Management International (Japan) Ltd, a unit of American Express Financial Advisors, is considering offering such services as
          Reuters  -  104 words
        • Article
          Lock icon First USA to buy BellSouth portfolio
          78 20 Reuters [WILMINGTON, Delaware] First USA, the credit card arm of Bank One Corp, said on Tuesday it would buy the Bell South Corp credit card portfolio, which has about US$34O million (*****.2 million) in receivables, from GE Capital. Terms of the acquisition, which is
          Reuters  -  78 words
        • Article
          Lock icon Samsung to raise US$75m credit
          107 20 Bloomberg [HONGKONG] Samsung Corp, the trading arm of South Korea's third largest business group, hired Citicorp International and Credit Lyonnais to raise US$75 million (S| 126 million) in debt, its first purchase of foreign credit since 1996. Samsung will pay about 227.5 basis points more
          Bloomberg  -  107 words
      • Article
        Lock icon Late selling pressure erases earlier gains
        197 21  -  Uuwmme* HepOVtS MSCI Singapore Index Daphne Tay, Jardine Fleming IT was another listless day for the local bourse yesterday as the market traded within a narrow 15-point range on thin volume. The rise in the Singapore three-month interbank rate for a second day by
        197 words
      • Article
        Lock icon Futures fall on worries over China-Taiwan ties
        167 21  -  MSCI Taiwan fatnres Juliana Loo Na Na Refco Singapore THE Simex MSCI Taiwan Stock Index futures plummeted 4.5 points amid concerns that the one-month-long tensions between Taipei and Beijing are still not showing any signs of easing. The Taiex fell 64.39 points, paced
        167 words
      • Article
        Lock icon Oil rises on report of fall in US petrol stocks, Russian curbs
        274 21 ENERGY REPORT Reuters [LONDON] Oil prices sped higher yesterday following a reported fall in US petrol stockpiles and a decision by Russia to slash exports of refined products. Brent crude for September delivery was trading 50 US cents
        Reuters  -  274 words
      • Article
        Lock icon CURRENCY REPORT
        319 21 Reuters London THE euro rallied one per cent against the dollar yesterday amid an improving economic outlook for Europe, triggering a chain reaction of multimonth peaks among European currencies at the expense of the US unit. The euro sprinted to a three-month peak ot U551.0796, but was unable
        Reuters  -  319 words
      • Article, Illustration
        Lock icon Untitled
        1073 21 INTERBANK CROSS RATES Auq4 SSL Yw Won KM KNtte N— St Imd Sfr fft Wt NX W SUSf ifl* 97B tZ «°;S! 5 055 0.751 7403 2.475 1.232 33.539 25.486 IRS 4.049 0.972 *****24.412 0 404 0.656 a*? n'uu a no 1213 5,1,1 29 031 0.771 8.044 2444 *****4440 26.016
        1,073 words
      • Article
        Lock icon Untitled
        1633 21 SICOM FUTORBS Aug■ RINKR (Mam cM* at SJOpa) RSSf CONTRACTU CMts/k9) CtON VotaM Opw NflJl Uw 5rtt (toww) Iwtftrt 92-50 1200 Oct 99 94.75 300 NW99 9125 9125 96.25 600 300 98.00 300 J«/N*00 ***** 300 Ifr/JwOO 104.50 MS*00 107JO RSS3 CONTRACT (US VotaM Opt* Nwtt INgfc Low Srtt (towm)
        1,633 words
    • Article, Illustration
      Lock icon HONGKONG
      1384 22 AFP, Reuters Q Hang Seng ****** HONGKONG share prices rose 0.9 per cent yesterday on follow-up selective buying of leading banks, dealers said. "I think buying continued on the banking sector, led up by better-than-expected interim results by major banks," said Sean Li, associate director at Amsteel Securities. But
      AFP,; Reuters  -  1,384 words
    • Article, Illustration
      Lock icon CHINA
      574 22 Reuters QShenzhen Blndex +0.65 SHENZHEN'S hard currency B shares closed a touch firmer yesterday, with poorly performing firms leading gains on encouraging interim results from Luthai Textile, analysts said. The B share index gained 0.65 point, or 0.67 per cent, to 98.57 on volume of HK$53 million, compared with
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  574 words
    • Article
      Lock icon TAIPEI
      354 22 AFP □wp Index -$139 TAIWAN share prices closed 0.9 per cent lower yesterday on stron# selling in technology stocks, dealers said. "The sell-off is reflecting investors' anticipation of a bearish market when some listed technology companies issue new shares later this month," said President Securities analyst Calvin Chang. Some
      AFP  -  354 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2176 22 LONDON Mistrials Ml Pound 31 Group a07 0.09 Abbey National 10.29 -0.11 A B Foods 4.11 -0.07 A 8 Ports 2.96 unch AstraZeneca 22.61 -0.62 Alliance Leicester 8.34 -0.03 Allied Domecq 5.74 0.03 Allied Zurich 7.53 0.04 Anglo American Gold 43.70 unch ASOA Group 2.19 unch Bank
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      Lock icon TOKYO
      1622 22 AFP Q Nikkei 225 -284J5 SHARE prices in Tokyo fell 1.6 per cent yesterday with buying interest dampened by the yen's resumed upswing against the dollar, brokers said. The Nikkei average of 225 selected issues on the Tokyo Stock Exchange lost 284.55 points to end at 17,685.38. Investors locked
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    • KUALA LUMPUR STOCK MARKET
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        8289 23 MOMTMAU COMMK pfllKtl 9, LMt Vol Day Net Cep W<> Low Cempany HU "OOP High u, p/l tal *40 2S3 Ajinomoto 320 20.3 129.7 11* ,4* Anghasa 97 9 338 KM 96 143.0 404 220 Apollo Food Hlg 286 -14 38 300 284 10.0 H4.4 "5 Liod 2 717 »9o
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        Lock icon Shares dive on news of charges against broker
        324 23 AFP, AFX-Asia P Composite Index -28,82 MALAYSIAN share prices plunged 3.9 per cent yesterday, spooked by news that a local brokerage chief had been charged with abetting a businessman in committing fraud, dealers said. A local dealer said financial stocks drew the
        AFP,; AFX-Asia  -  324 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
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        2047 24 BONOS, LOANS i WARRANTS ■2<Mfk Wt Hlnh i.... La«t Vol Day Lot Ouota A»g ,,no Campany Sal* COOO> High Lo» B u y»r Mm Met I. ;*t* ******1 US$ 43 T 73~~ 44 43 HI 44 5 52 .2 Acma ******4 40 -0.5 49 40.5 39.5 39.5 40 41 59
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        Lock icon CLOB INTERNATIONAL
        199 24 HONOKONO STOCKS v °*y LaatOnata Wv w> rw Nat M c« Stwo Comawy iff rOOO) High Law 8wy«c Sa4af Cw P/I Jm« 365 173 5123 CDC (2000) HH 297.5 -10 6 297.5 297.5 295 305 8 3.7 2.7 10.1 5885 9 5124 Cathay Pk 20c HK_720 265 2.1
        199 words
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        Lock icon Bonvests warrant looks promising
        190 24  -  WARRANT WATCH -By R Sivanithy ONE of the market's favourites during the height of the penny fever in May and June was the Bonvests Holdings warrant. Since it has dropped significantly since then, a look at its numbers might be interesting. The warrant has a 50-cent
        190 words
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        Lock icon WELLINGTON
        283 24 AFP Q Wellington -L6B NEW Zealand stocks were steady yesterday. Turnover was light and amounted to NZ$75 million. The NZSE-40 Capital Index was down 1.68 points, or 0.1 per cent, at 2,178.43 points. Telecom Corp was unchanged at NZ$B.49 AFP taf 4 HS COM) AdvantaQ* MOS 2.5S -0.05 46
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        Lock icon BANGKOK
        865 24 AFP §3 SET Index AM THAI shares fell one per cent yesterday as blue-chip banks were sold off in thin .volume, dealers said. Trade was lacklustre, with many investors sidelined on concerns over the market's short-term direction, they said. Worries about upcoming second-quarter results of nonfinancial companies due out
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        Lock icon SEOUL
        407 24 AFP fl Composite Index *112 SOUTH Korean share prices inched up yesterday as active retail buying offset continued sell-offs by foreign investors and institutions, dealers said. Retail investors expanded their holdings in banks, construction and trading shares, Daeyu Regent Securities analyst Ahn Kwang Chul said. The Korea Stock Exchange
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        Lock icon SYDNEY
        658 24 AFP DAM Primaries -2&5 AUSTRALIAN share prices fell 0.9 per cent yesterday, pulled down by industrial stocks sensitive to interest rate movements, brokers said. The All Ordinaries Index closed 26.5 points lower at 3,005.70. The All Industrials Index lost 46.6 points to 5,204.00 and the All Resources Index also
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        Lock icon JAKARTA
        729 24 AFP P Composite Index -4js> INDONESIAN share prices slipped 0.7 per cent yesterday as investors took profits on large-cap counters, dealers said. They said a mild fall in interest rates in a central Bank Indonesia certificates auction also undermined sentiment, as investors were expecting a bigger fall in rates
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        Lock icon MANILA
        323 24 AFP Q Manila +15J2 PHILIPPINE share prices ended 0.7 per cent higher yesterday on hopes for lower inflation figures in July, analysts said. The Philippine Stock Exchange Composite Index closed at 2,372.05 points, up 15.92 points from Monday's close. Trading was cancelled on Tuesday due to widespread flooding in
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    • Article
      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      7392 25 Transaction da to: Aiu; 4 j Cr 6c M Wt 52 W L»*t Ve4 Day Last OuoU Dlv Otv YM Net Cap Ar« WO 1— «tWo Company SP» rOOO) Lw ggg tjgjf Cw Pfl $3 Met MULTI-INDUSTRY 182 17.5 m b 1000 Acma 50c
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      Lock icon SESDAQ
      1314 25 52 W L46« V«j On LartOwta Otv Mr n M Co» Art u» 9tw cinn to* rooo) to» u» 8»yr »«—r cw wi wm KANUfACTUHN ?i? X C 2049 AS Auto 10c 183 -7 965 >92 183 183 105 W N 0.5 2089 <86 3! J5S 1 2051 iH"i*"
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    • STOCK EXCHANGE OF SINGAPORE
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        385 26 Stocks VotMIIM Strike Engg 5c 65.159,000 Excel 20c 27,859.000 SingTel 15c 7.856,000 Asia FoodiProp 6,795,000 •Gentinglnt 6,030,000 Hotting Inv NT5 4,747,000 Del Monte USk 4.282,000 IPC Corpn 5c 4,136,000 Golden Agri USIOc 4,001,000 LHT HWgs 10c 3,974,000 Stocks SIA Foreign 29,813,746 DBS Foreign 25,439,108 Strike Engg 5c 24,875,895 OCBC Foreign
        385 words
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        Lock icon Investors stay on sidelines as market consolidates
        590 26  -  STOCK MARKET COMMENTARY Improved earnings reports fail to bnoy sentiment; re-rating leads to 60-cent jump in SIA Local By R Sivanithy THERE was no change yesterday in the pattern of trading seen so far this week the Singapore stock market looked decidedly out
        590 words
      • ON THE GRAPEVINE
        • Article
          Lock icon STI headed for 2,400?
          92 26 JOHN Schofield, a Hongkong-based technical analyst at Prudential-Bache Securities, says the Singapore market now appears to be in fine fettle, after the July shakeout. "August is often a strong month in Asia, despite low volumes early on and the appearance of summer doldrums," he said in
          92 words
        • Article
          Lock icon The lonely bulls
          40 26 THERE could be just two stockbrokers on the board of directors of the new integrated exchange which will combine the equities and futures exchanges come Dec 1, sources say. The board could have up to 11 members.
          40 words
        • Article
          Lock icon Brain-dead telcos
          108 26 THE keen rivalry between Pacific Internet and Singapore Telecom's Internet service provider subsidiary Sing Net is well-known. That's why PacNet's executive chairman, Chan Wing Leong, could not let go of an opportunity to take a hit at Sing Tel at the Morgan Stanley Dean Witter (MSDW) Singapore Technology
          108 words
        • Article
          Lock icon Going Down Under
          95 26 WITH the Australian economy now growing at a brisk pace, Singapore companies want a piece of the action. A group of 20 small and medium-sized enterprises from Singapore are now in Queensland to meet some 160 Australian firms to explore possibilities. The trip was made possible by
          95 words
      • Article, Illustration
        Lock icon HOT STOCK
        78 26  -  -By Wong Wei Kong WANT Want shares rose 10 US cents to US$l.BO yesterday on a volume of 2.74 million shares, compared with its 10-day traded average of 939,300 units. The technical readings provided by the RSI. Stochastics and MACD charts are mixed, suggesting that while the stock
        78 words
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      120 15 More Keppel results, Pg 16 Mm o -lj P s^^ o 11.2* "Si —If i l^^r« f tL. JflKt -h J1 i ■II t>--—- js < m# mm m. < challenge. Now ready to share your horizons. Case and bracelet fashioned in solid gold. Water-resistant to 150 m (about 500
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      251 18 i^a^MPirJiilllPll»»^^a IS HtE==EiiiH^H^HMpiflHtt|flß|BßßiHMlHHH^B ■nHR fTfl L<t j fMW#il ■I »M Intng. education E wxi skills HH upgrading will be r BL V>—> H ■#»»< Special Feature ensure our L HMm i August '99 Make waves in a knowledge-based economy Singapore's position as a major maritime hub has never been more
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      75 19 GEORGE?JfcfcN live in Singapore Date August 1999 Venue Kallang Theatre 80, j0& Available Sistic Alliance Francaise Storage Ginza Plaza junction (Bishan) Parco junction Raffles Shopping Centre Scotts Shopping Centre Singapore Indoor Stadium Box Office Specialists Shopping Centre Sun tec Qty Mall, Tropic Service Desk Takashimaya [department Store Wisma Atria TEL:
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      334 20 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF SHIN TECK COMPANY (PRIVATE) LIMITED (Incorporated in the Republic of Singapore) (Members' Voluntary Wlnding-Up) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 101-A Upper Cross Street *11-15 People s Park
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      252 20 NOTICE TO CREDITORS OF FIRST MEETING IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF (1) IMPACT LABEL PRINTING INDUSTRIES PTE LTD (IN UOUIDATION) COMPANIES WINDING UP NO 89 OF 1999 (2) TOHPE SINGAPORE PTE LTD (IN UOUIDATION) COMPANIES WINDING UP NO 264 OF 1998
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      298 20 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF ASAHI TRADING (SINGAPORE) PTE LTD (In Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of (he members of ASAHI TRADING (SINGAPORE) PTE LTD. duly held and convened at its registered office 158 Pandan Road,
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      2 20 iskiiimw iSW*'Jv!£
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      92 20 Wc provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nomlhee, management, corporate secretarial and professional "administration services are available. I We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants.
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      27 20 Classified First. Want a home with a sea view? Or simply seeking a new nest? Make the right move: Check The Straits Times Classified First. 1 NtMLMI.
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      107 23 NOTICE IS HEREBY GIVEN that I,Tan Pau Yong of 520 East Coast Road,#o2-04 Ocean Park Singapore *****5, have applied for a Ist Class Beer House in respect of M/s Jurong Reptile Park Pte Ltd located at 241 Jalan Ahmad Ibrahim Singapore *****3, and that this application will be considered by
      107 words
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      108 23 NOTICE IS HEREBY GIVEN that, I, BEE POH CHUAN of Blk 29 Keiantan Road #09-117, Singapore *****9, have applied for a Public House, First Class (Extended) Licence in respect of M/s Bonjoy Cafe Pte Ltd located at 30 Victoria Street #01-12/13/14, Singapore *****6. and that this application will be considered
      108 words
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      105 24 NOTICE IS HEREBY GIVEN that I, KOH JOO CHYE of Blk 322, *05-1932, Ave. 3 Ang Mo Kio Singapore *****2, have applied for a Retail Beer Shop Licence in respect of M/s KJC Minimart located at 451, Hougang Ave. 10, *81-553 Singapore *****1, and that this application will be considered
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      107 24 NOTICE IS HEREBY GIVEN that I, ANDY CHNG HAK YEOW of Blk 229 Simei St 4 *10-194 Singapore *****9, have applied for a Public House, First Class (Extended) Licence in respect of M/s Pedro's At The Quay located at 76 Boat Quay Singapore *****4, and that this application will be
      107 words
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      107 24 NOTICE IS HEREBY GIVEN that I, LEE CHOON MENG of Blk 172 Gangsa Road #21-14 Singapore *****2, have applied for a 2nd Class Beer House Licence in respect of M/s Imperial Cafe Pub located at 141 Cecil Street *01-03 Tung Ann Association Building Singapore *****1, and that this application will
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      102 24 NOTICE IS HEREBY GIVEN that I, LIM USON of Blk 102, Aljunicd Crescent #03-279 Singapore *****2, have applied for a Beer House Ist Class Licence fn respect of M/s Coconut City located at No 100 Yio Chu Kang Rd Singapore *****6, and that this application will be considered by the
      102 words
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      1386 26 MARKET MOOD Hmiikd Mood indicates likely trading sentiment today based on brokers polled at j-Hpm yesterday (h-e might erenIs may alter sentiments Hmkers potted 1MB Barings, Credit l.yonnais Securities. Uatn-a, Deutsche Morgan Crenfett, Eraser, CK fifth, Kay llian, Merrill Lynch, \omura. Phillip. Warburg Pillion Head See your dent'St investment advice?
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      319 26 NOTICE IS HEREBY GIVEN that I, TAY KIM YEN of 166 Waterloo Street, #05-168 Singapore *****3, have applied for a Ist Class Public House Licence in respect of M/s Five Ten Enterprise located at 50, Prinsep Street, *01/02-13 Prinsep Place Singapore *****2, and that this application will be considered by
      319 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      127 27 Bridge News, Reuters TANKERS; Rates for West African million-barrel loaders continued to fall with reports of ws 60 paid by Hess for shipments to the US. Several reports surfaced of VLCCs fixed from the Persian Gulf but are not expected to help lift rates, brokers said. Aframax rates
      Bridge News,; Reuters  -  127 words
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      Lock icon MARITIME STOCKS
      284 27 KM '9m *m* *> CWT Distribution 1.38 uncti IS Chun Hup 1 JO yncft 331 Cotco Invastmant 1.28 0.01 65 Fr«qM Links 0.36 0.01 3062 GB Holdings 0.95 uncti 27 HaiSwiHup 0.77 -0.02 352 IMC Hofcflngt-HK 5.60 uncti 0 Jay* Holdings ...1.08 0.01 264 »SNpyard 7.95 unch 34
      284 words
    • Article
      Lock icon Strong growth forecast for S'pore port
      663 27  -  But Malaysian ports may face severe overcapacity over next 5 years: report By. Marcus Hand [SINGAPORE] The outlook for Singapore's container port is set to remain strong over the next five years, but there are signs of "severe" overcapacity in Malaysia, according to UK-based
      663 words
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      Lock icon Aiming to be Man U of freight forwarding
      454 27  -  SHIPSHAPE By: Marcus Hand BILLY Sng, the new general manager of long established local freight forwarder, Singapore Baggage Transport Agency, has an ambitious vision for the company. He wants to make it the "Manchester United" of the industry. The keen football fan
      454 words
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      Lock icon Crew of grounded N Korean ship rescued
      123 27 Reuters [KARACHI] Forty three crew members of a North Korean cargo ship who were stranded when their ship was grounded in rough weather, have been rescued by the Pakistan navy. "The ship Jang Dae San, while en route to Karachi drifted due to
      Reuters  -  123 words
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      Lock icon Sydney cleans up alter oil spill at Shell terminal
      401 27 AFP, Bloomberg [SYDNEY] A major cleanup was under way in Sydney's "picturesque harbour yesterday after thousands of litres of crude leaked from a tanker in one of the city's worst environmental disasters. The spill, which covered much of the harbour and
      AFP,; Bloomberg  -  401 words
    • PORT Shots
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        Lock icon P&O's Canadian rate rises
        72 27 [LONDON] Westbound rates on P&O Nedlloyd's Canadian Express service will rise by US$l2O (*****.60) per 20-ft container and US$l5O per 40-ft container from Sept l. The company attributes the rise to a surge in demand for space on the revised CANEX service. PAO Nedlloyd deny any
        72 words
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        Lock icon Rotterdam terminal expands capacity
        38 27 [LONDON] Rotterdam Short Sea Terminal expanded its capacity by 115,000 TEUs and will be able to accept wider vessels following the installation of a new crane. RST transhipped a total 0f900,000 TEUs last year.
        38 words
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        Lock icon Japan's ship export orders steady
        51 27 [LONDON] Export orders placed with Japanese shipyards in June remained steady in terms of tonnage when compared with May's figures, according to the Japan Ship Exporter's Association. Twenty vessels totalling 667,500 gt, 12 of them panamax bulk carriers, were ordered, most due for delivery in
        51 words
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      Lock icon Airline buffeted by turbulence
      989 28 PHILIPPINES-TAIWAN AIR DISPUTE Philippines' threat to end bilateral aviation pact with Taiwan by Sept 30 could cut China Airlines' revenue by 2.5% Bloomberg [TAIPEI] Revenue at china Airlines, Taiwan's largest carrier, could drop by as much as 2.5 per cent if the Philippine government carries out
      Bloomberg; FILE PHOTO  -  989 words
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      Lock icon SHIPPING SCHEDULES INDEX
      199 28 PACC tyak Lloyd 8 ACL 6 Dongnama 3 aHL 3 ECU Line 6 II Accord a Kl 4 Appenship 5 Ewr rw 6 Austral e F#0B S 8 Balaji Shpg 5 G L 4 Gemartrans 6 BSA 7 Hangli T B tang Mas 8 Har.jir 3 CCHI
      199 words
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      Lock icon SHIPPING GUIDE
      19048 35 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel voyage Telephone SIN Dest'n Heme Name Number Number SIN Dest'n Name Name Number Number To BUENOS AIRES (BUE) 2060 Argentina To ABIDJAN (ABJ) 2003 Cote D'lvoire m /m 00/09 cosco ever gentry oooiw *****1900 B/00
      19,048 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        689 39 Vassal Voy No Barth Arrival Papartura j»im tart Marcopoto 48 PrwOU M 04/08/6 JO 05/08/6:00 Bt R8 4321 499 J01 04/08/8 )0 04/08/17:00 G«l 217 53Sa M 04/08/7:40 04/08/23:59 at Sort* Rio ***** J01 04/08/8:15 05/08/21:00 Bt Cj Mr*3 ***** J01 04/08/8JO 05/08/23:59 C Success 04-AUG J09 04/08/9:05
        689 words
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        Lock icon CONTAINER SCHEDULES
        1774 39 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Boofcino/BalMC* Rstls Ship Voy No Etb/Btr Period From To From Ha DMy 02*1 06/0700 U 04/1500 04/1*59 04/000 04/1500 04,14 51 04/1900 24 04/1700 05/0659 05/0*00 21 04/1700 05/0459 05/0900 1 05/0700 05/1159 05/1400 4 05/1200 05/1459 05/1700 nmtnimr coin
        1,774 words
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        Lock icon GLOBAL HOLIDAYS
        193 39 Austria: Corpus Christi. Aa| 9 Singapore: National Day. South Africa: National Women's Day. Anff 12 Thailand: HM Queen's Birthday. Aug IB Belgium: Assumption Day. Hong Kong: Sino-Japanese War Victory Day. Luxembourg: Assumption Day. Aaf 17 Indonesia: National Day. Aa|29 Philippines: National Heroes Day. Ang 30 United Kingdom: Summer
        193 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        794 39 THIS report, complied by Cockett Ma rtne Oil Ltd. shows price ranges In US dollars Instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem Market movements are Indicated. The Cockett Bunker Price Index change and the
        794 words
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        Lock icon VERITAS BUNKER QUALITY REPORT
        455 39 CirtXMi 100 Max 990.4 8.1 T7.5 O K) 78 0/f Jul 29 Dtnsity N«t*r RmMm Ask AlwaMw* Maml Mo abow £25 0 2 2 0 0 1 380 AM 986.1 0.4 14.2 0.07 38 0.02 r.T- 380 Mai 1005.0 2.5 20.8 0.M 235 0.08 M/Wi %»/v
        455 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon KLM expects Asian recovery to ease North Atlantic overcapacity
        224 40 Reuters [AMSTERDAM] A pick-up in Asian air traffic is on the cards which could cut overcapacity on North Atlantic routes, KLM Royal Dutch Airlines said. "If Asia Pacific continues to grow, I would certainly not exclude a part of the capacity
        Reuters  -  224 words
      • Article, Illustration
        Lock icon Let's reach win-win deal, Taipei urges Manila
        559 40 TAIPEI-MANILA AIR BOW Taiwan minister hints of sanctions which may result in heavy losses for Philippine economy AFP [TAIPEI] Taiwan called for negotiations with the Philippines but also hinted at retaliation over a terminated air agreement. "An agreement was arrived at during the
        AFP; FILE PHOTO  -  559 words
      • Article
        Lock icon London Tube commuters against part privatisation
        325 40 They are afraid fares will rise: report Reuters [LONDON] Two out of three people who ride London's Tube oppose the British government's plans to partly privatise its funding for fear that fares will rise, according to a report published by a transport lobby group.
        Reuters  -  325 words
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        Lock icon JAL's traffic up, revenue down
        121 40 AFP [TOKYO] Japan Airlines (JAL) said yesterday passenger traffic was up in the three months to June but warned revenue slipped. International passenger traffic was up 10 per cent at 2.9 million passengers in the first quarter of the fiscal year, Japan's biggest airline said.
        AFP  -  121 words
      • Article
        Lock icon AOM pilots plan more strikes
        250 40 Bloomberg [PARIS] AOM pilots said they are planning more strikes in the next two weeks after suspending a four-day action yesterday without reaching an accord with France's No 2 airline. The return to work "took account of passengers", said Hugues Jendres, president of the national
        Bloomberg  -  250 words
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1730 40 aw awn eta maw no $026 2355 ««30 1850 HkmkM SQ909 IMS MHO MM M230 850 I r—i>u CZ3S1 2045 CZ3S2 0035 H 1310 v 742 0905 "Si S$ S3 ig "8 UB37 Ms! Mi«i mn no mn m AkMM* NZ4206 2045 N***** 2045 gg *****
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        Lock icon Bumpy ride for Malaysia's rail developers despite US$4b in projects
        557 40 Reuters [KUALA LUMPUR] In Asia's boom times, Malaysia appeared to be offering a dream ride for rail developers with about US$4 billion (556.72 billion) in projects up for grabs. But, as boom turned to bust, the ride was far from
        Reuters; FILE PHOTO  -  557 words
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      71 27 China Airlines buffeted by turbulence Manila's threat to end aviation pact with Taipei could cut China Airlines' revenue by 2.5%. Page 2 For once today's big story is on the back page. Tanjung Pelepas flafl I 7 PTP RELIABLE EFFICIENT ADVANCED Pelabuhan Tanjung Pelepas Sdn. Bhd. (*****9-k) No. 3, Jalan
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      23 27 Let's reach win-win deal, Taipei tells Manila Taiwan minister hints of sanctions which may result in heavy losses for Philippine economy. Back Page
      23 words
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      196 28 Keep in Touch When you need answers fast: jJtSSESp Whatever, wherever and whenever you ship between Asia, North America and Europe, you're always in touch with NYK Real-Time Shipping Information Y (global home page) www.nykline.com (for USA rates) www.na.nykline.com JSOfSE" II SANKYU (S) PTE LTD I W 11 CLEMENTI LCX)P,
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      662 28 Members of the (-■Qlrl by Members of the Registry o» Singapore Freight Forwa W Accredited Shipping Agents Association Singapore Shipping Association ULY LINE MALE Ivissii voy eta Tew eta P. KLAKC SfOtE MALE Empress Uly V 0499 18/08 19/08 28/08 Princess Lily V 0899 04/09 05/09 14/09 Empress Uly V
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      1025 29 SAX SERVICE (DIRECT) Vtssa VPT SWHA U» OW Ml HOU <H CM. ~MBI HI MTC IJM 0131 04/00 IVOO 24/01 24/08 24/00 24/08 74/01 24/00 24/08 24/01 mG NtT 31* UZ« 31/ PS 31/0* 31/01 31/01 31/W 31/08 31/W 31/08 Ojji I«/ 0» 02/W 07/W 07/09 07/09 07/09 07/09 07/09
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      1526 29 hanjin shipping likP I l* Mb *****30 Hlmi6 W ITB /,wn >OOIt >G *"WKB7 SMB *****24 231 DOCUMHT *****?! 774 OfttAllOllS *****50 251 MUUW lit *****55 FAI 272,940 CI HO **********0 M [TO NW USA CANADAI USA CMMPA' 1 IS SS "I a M I I I ,a '|'«'|o'|»|m|iin|wi|n.|wi mI
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      284 29 waa m_ _s«_ nt wr sw hkc m usw pus KMTC PROVIDES AQMHUA Dill 30/07 31A17 04/ M ot/M OtTCriiSAO yiOS 30/y Ot/W 0«/0» 10/W H/M CONTAINER SERVICE *»n*m as ii/m aw m m/m *m io/m iyw 13/01 aowbt TO SIHANOUKVILLE/ mtcimmi JlB_ ot/M_ jvm urn um ii/w KMTCKffijJW£ tllS
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      1607 30 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEANCANADA vot si LfH m im mii m m vessel Ivoy Ism Gn tn fos w.c wit PUOOOIG SENATOR WM3S lIM 77M !IH 21M 31 M JIM MM CHOYANG CHANCI WWB lUK 21 M3l H KM MM 12 M MEMIMSTM WQU4 12« 03 WO4 H
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      1009 30 AM MAC-NELS S'PPRE M'SIA Carrier: MN CONTR LINES, INC P. GUOANG: (07) *****26 WvZXrLJ O" 1»»7«0000« SIBU: (004) *****9 MAMLA: (632) *****24 PENANG: (04)*****36 BANGKOK: (862) *****67 SURABAYA: (31)*****11 P. KELANG: (03)*****77 JKT: (21)*****45 KUCMNG (082)*****1-3 CHITTAGONG VANCOUVER MV "KOTA BERJAYA" V.8RJ165 MV "HJ KAOHSIUNG" V.045E ETA SIN: 07-08-99 ETA
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      539 30 MWFS EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO Venel S PORE N SHEVA COLOMBO P KLANG TULSIOAS V 11? 09 AUG 17 AUG 24 AUG 21 AUG TARPON SILVER V iO2W 16 AUG 23 AUG 31 AUG K SEP CAPE CANAVERAL* 110W 23 AUG 31 AUG 17 SEP 12 SEP TULSIOAS Vll3
      539 words
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      1517 31 VESSEL VOY KHH HKG SIN PKG PQB PXB DMM |BA BIK IRAN SHAHRYAR PCL-5113 28/07 30/07 03/08 04/08 13/08 14/08 15/08 17/08 19/08 IRAN BAABAEI PCL-5114 04/08 06/08 10/08 11/08 20/08 21/08 22/08 24/08 26/08 IRAN TAKHTI PCL-5115 11/08 13/08 17/08 18/08 27/08 28/08 29/08 31/08 02/09 IRAN TABATABAEI PCL-5116
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      1162 31 Sailing to Ad*n Hodaidah, 1 Djibouti (Via Dabal) < 1 ISING4POW S GfNIRAL JOINTS 80 ROBINSON RD TIL *****00 f«x *****08 OUTWARD (8/1) *****02 JOHORE OFFICE COSTAR SHIPPING PTE ITD •12 00 SAUS/IRGS *****57/60 INWARD Wff (0/0) *****85 COSTAR AGENCIES (M) SDN BHD SINGAPORE OtMft CONVENTIONAL *****50/55 T/SHPMT DtPT *****2S
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      1341 31 tUROPI EXPtfSS SEKVKS EXPORT import ™tX*GS« 010W WOO flO/M 20/00 nV 30*08 31/09 03% So*! SEN MU 7 \kHJ i?/M HJ PORTLAND T 0 J4W TTMT 12/09 T pTuM a al*u OMW uso 00/oo 7 1 *7oF WWvVm nh WW TRANSPACIFIC SERVICE EXPORT IMPORT vissa Tw w i« OA* vb«
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      1321 32 EUROPE/UK/SCANDINAVIA/FINLANDffiUSSIA SGP ROM ANW HBC THP ZEE LHV LHV THP ROM ANW HBG PKL HGP E. GAINING RW-070 09/08 02/09 06AM 03/09 05,-09 E REACH RE 024 1 5/07 17/M7 16/07 IU7 2007 08 08 09 TM E DELUXE RWOII ISAM 02/09 08/09 04/09 06/09 07/09 MO9 E ROYAL RE
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      1446 32 SO Tarn BLANGAH ROAD #02-02 OTIPORT carmt S PORf TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W VESSEL VOY ETA ETD DESTINATION ILMAMUI 06,-99 10T0.99 10T099 PONTUNAK IRIMAWA 02/99 13M99 14T099 MUNTOK IRIMAWA 03.-99 IMW99 17/08.99 PKL BAIAM ILMAMUI 07m 15.08.99 18T099 PONTUNAK Ftx enquiries and
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      468 33 bsa lll pl 7(!3n^^lv Uk MYANMA pBBk FIVE STAR LINE W (Myanmor National Lim) Loading for Yangoa (Rangoon) VESSIL VOY SIN PKI PEN PGU SAGAING MM SU) KfMC TUNG 4W SU> MALAYSIA AGENTS: BOUSTE AD SHIPPING AGENCIES KUL m (03)*****00 PKL TH (03) *****01 PEN: Til (04) *****02 PGU: Til
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      1562 33 HMN^ HYUNDAI MERCHANT MARINE CO., LTD. IVBSa VOY ISM SOU I UH RTM ANT HAM BtV Ftt IVESSB VOYI SOU I IB! 1 TIM I AMT I NAM I MTV I Fa ISM I THAMES SS6W 06/01 24/06 29/ M 26/01 27/ M API ALMANDM 3091 12/07 17/07 14/07 15/07
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      1267 33 WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA 'CAR RORO HEAVYUFT SERVICE" [WjSEI VOT RAMP HEIGHT SIN I LAX COL MIA SAV lAL ORE NYC NEW MOO TARONGA AKO3 400 Tons 6.3 M 10/00 09/09 IS/09 21/09 23/09 25/09 26/09 20/09 WfC o*/l0 TAMO AHO4 400 Tons 6.3 M 25/00 21/09
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      1807 34 BAHOKOK7 MAP TA PHUT/ LAEM CHABAMC JAKARTA/PAN JANG VESSEL VOY SIN ii<K MTP LCH VESSEL VOY SIN JKT PJN Y ANTRA BHUM 3Q2N In Pt 08/08 GURU BHUM 140 SB 06/08 06/08 I KOTA HARTA HTAOSI In Pt 06/08 AKA BHUM« 3SSS 07/08 11/08 I MATHU BHUM 426N 07/08 11/08
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      50 35 INTRODUCING OUR NEW FAR EAST USA TRANSPACIFIC EUROPE SERVICE Turn To Pg 6 FULL CONTAINER (EVERY MON/WED/FRI) EXPRESS SERVICE ffi MSC Agencies Pte Ltd Turn To Pg 5 For Service From PASIR GUDANG/ SINGAPORE to rL MIDDLE EAST/VIETNAM China Shipping (S) Ses Agencies Pte Ltd JH CONTA|N L|NE Pg 4
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      42 37 (Retrieve more schedules!) Press"!" Select the port and key in STH»j the four digit code eg: To New York (NYC) 2275 srf) Key in your fax number your phone number Another innovative service offered by The document Will be Shipping Times JD'vTsjsz,.
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      133 39 LEGEND: R Thunderstorm Temperoture °q V Shower Weather -V Wind direction with speed in knots Rom Cloudy Sky Wov he, 9 M Surfoce winds ore indicated by arrows which fly with the wind vl) u circle represents cotm or kght ond variable winds I One hoM Heche represents 5 knots
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