The Business Times, 20 August 1998

Microfilm: NL21220
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c SINGAPORE Internet: http://business-times.asia!.com.sg/ THURSDAY, AUGUST 20, 1998
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  • Article
    MARKET SUMMARY
    72 1 □sra M3LM (-4.58) wmwr-m U3MJ6 (+8.53) PIBTOOMP U718L07 (+19.57) f^BTMQA U ***** (+0.20) El MARKET MOOD: mm Mixed STOCK MAKKET INDICES Wednesday Change Kt-SE COMP J414? +27.81 NIKKEI 16,***** +***** HANGSENO 7,***** +411.88 SCT INDEX ***** +7 89 JAKARTA COMP _4*» +103 MANILA COMP _1J84J§ +41.42 TAIPEI WPI
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  • Article
    FINANCE
    75 1 ram bates us* S) US* 1.754 £(USS/S$per£) 1.618 1841 DM 1.796 0.978 YEN 1441 1118 RM 4110 9.417 HKJ 7.747 02T7 BAIIT 41.410 0.042 RUP1AH 11,760 0.016* •st to no won ram Bins SINGAPORE' 788 KUALA UJMPUR 11.50 JAKARTA J8.00 BANGKOK 1475 MANILA .22.90 HONGKDNQ 1026 TAIPEI 8.80 SYDNEY
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  • Article, Illustration
    Lock icon M'sian shares soar 8.8% on buying by local funds
    683 1  -  But analysts say the upward momentum is not expected to be sustained From. Eddie Toh rn Kuala Lumpur LOCAL funds bought shares aggressively yesterday, sending the Malaysian stock market surging 8.8 per cent a day after the government said it might
    AFP; Source: Bloomberg  -  683 words
  • Article
    Hongkong govt intervenes again to prop up shares
    720 1  -  Rising yen, regional stock rally help to posh Hang Seng 5.7% higher Prom" Quak Hiang Whai m Hongkong HONGKONG'S de facto central bank intervened to prop up the stock market again, and coupled with news of a rising yen and soaring regional
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  • Article, Illustration
    Lock icon STII bucks trend on Asian bourses with 4.6-point loss
    484 1  -  Ten recovery adds cheer regionwide but players stay wary By] Larry Wee, R Sivanithy By Larry Wee andVL Sivanithy [SINGAPORE] The Straits Times Industrials Index stood out like a sore thumb yesterday it registered a loss of 4.58 points to close
    Source: Bridge  -  484 words
  • Article
    DBS Land interim dives 61% on $75m provision
    526 1  -  By David Boey [SINGAPORE] Listed DBS Land yesterday reported a 61 per cent plunge in interim net earnings to $44.9 million after providing for the falling value of its trading properties, and a sharp rise in interest expense. The group said it
    526 words
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      116 1 PI SIDE Setnl warning South Korea yesterday warned its shaky auto industry that it risked losing its international competitiveness if crippling labour disputes at Hyundai Motor Co are prolonged, Pg 9 CtaniMt Owners of restored shophouses and businesses in the Tanjong Pagar conservation area are feeling the squeeze, Pf 3
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      175 1 Skidding to new lows Car prices have fallen in tandem with other barometers of the economy. Latest price lists posted by major distributors show rates of some popular models have softened by as much as 30 per cent from less than a year ago. The Mercedes-Benz E2OO, at $199,000 with
      175 words
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      Page 1 Advertisements Column 3
      10 1 Keppel Land profit down 67% at half time, Pg 17
      10 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Falling inflation signals more weakness for S$
      590 2  -  MAS has more room to let S$ depreciate to keep S'pore competitive: analysts iw Wong Wei Kong AN appreciating Singapore dollar may be a thing of the past, at least until the regional economic crisis blows over. And, in the near term, it
      FILE PHOTO  -  590 words
    • Article, Illustration
      Lock icon Asian $ market shrinking since Nov
      425 2 Asian market shrinking since Nov Economist sees grim outlook, slow recovery for market THE Singapore-based Asian dollar market has been shrinking since last November, and this is a reflection of the regional economic crisis. According to latest figures from the Monetary Authority of Singapore (MAS), total assets of the market
      Source: MAS  -  425 words
    • Article
      Economist Paul Krugman to speak at forum
      138 2 ASIA'S economic future will come under scrutiny here next Wednesday at a one-day forum featuring controversial economist Paul Krugman. The Asia Business Forecast forum will outline the scenarios to prepare for, and provide full economic forecasts and a key understanding of the changing
      138 words
    • Article
      WUS may make high-end telecoms goods in S'pore
      374 2  -  Teh Hooi Ling TAIWAN'S WUS Printed Circuit Co Ltd, which has agreed to buy Motorola's printed circuit board (PCB) operations in Singapore, plans to supply or even manufacture highvalue products such as cellular phones in Singapore. In response to BT's queries, WUS
      374 words
    • Article, Illustration
      Lock icon June retail sales index down 7.6%
      328 2  -  E7E ON THE ECONOMY Commerce By\ Siow Li Sen RETAILERS got no respite from the Great Singapore Sale in June as sales continued to contract, with both tourists and locals spending less. Figures from the Department of Statistics yesterday show that the retail sales
      Source: Dept of Statistics  -  328 words
    • Article
      Lock icon PM will waive damages if Jeya says sorry
      426 2 Opposition leader yet to accept offer made on Aug 11 The Straits Times PRIME Minister Goh Chok Tong has offered to waive the $100,000 in damages he won from Workers' Party chief J B Jeyaretnam if the latter apologised for defaming him
      The Straits Times  -  426 words
    • NEWS Roundup
      • Article
        S'pore to host surgery conference
        52 2 SINGAPORE has beaten the United States to host the 7th World Congress of Endoscopic Surgery In the year 2000. Endoscopic operations are done by piercing tiny holes in the body instead of the usual cuts of conventional surgery. This helps in recovery and reduces hospitalisation
        52 words
      • Article
        Warning about Tuas water
        44 2 THE Environment Ministry has advised the public not to flsh or go into the water in the Northern Tuas Basin for the time being because water used to fight a fire at nearby Motorola Electronics has run into the basin.
        44 words
      • Article
        Chiam's view on CIQ dispute
        67 2 OPPOSITION Member of Parliament Chiam See Tong said at a National University of Singapore forum that the CIQ (customs, immigration and quarantine) dispute with Malaysia can only be resolved when internal problems in Malaysia are tackled. Hougang MP Low Thia Khiang, also speaking at the
        67 words
      • Article
        ISS buys Reliance Environmental
        41 2 CLEANING and maintenance group ISS has beefed up its presence in the Asia-Pacific region with the acquisition of Reliance Environmental Services from Jardine Pacific early this month. Reliance's customers include Changi Airport, Singapore Airlines and Hewlett Packard.
        41 words
    • Article
      More visitors drawn by shopping but spending falls
      296 3  -  By\ Carol Eng MORE visitors were drawn here last year by the prospects of shopping, but they spent less. Close to 12 per cent of last year's visitors listed "shopping opportunities" as the main reason for coming to Singapore, compared to about
      296 words
    • Article
      SES investment talks to be held on Sept 5 and 6
      200 3 THE Stock Exchange of Singapore (SES) will hold its investment talks for this year on Sept 5 and 6 at the Auditorium, Singapore International Convention and Exhibition Centre, Suntec City. There will be eight talks held over the two
      200 words
    • Article, Illustration
      Lock icon Crisis-hit businesses pull out of Tanjong Pagar
      550 3  -  Monthly leases now 20-30% lower in conservation area By\ Eugene Low OWNERS of businesses in the Tanjong Pagar conservation area are feeling the squeeze from the economic slowdown. BT found at least 14 vacant shophouses up for lease when it visited the area
      CHRIS LOH  -  550 words
    • Article
      Blissville units to be launched at above $800 psf
      193 3 OPH, Wing Tai won't undercut nearby devts official CONTRARY to market expectations, the developers of Blissville in Bukit Timah yesterday said that they planned to launch the condominium project at over $800 per sq ft. A spokesman said that as the
      193 words
    • Article
      Expect grocery prices to stay competitive
      226 3  -  LETTBt TO THE EDITOR Nora Kong Kah Ai General secretary POSB Employees Union IN its Aug 18 issue, The Business Times reported that Carrefour and Tops have quickly adjusted some prices downwards, as soon as NTUC FairPrice announced price cuts of up to 13
      226 words
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      81 2 ■M I B J products services, China you cannot |J Hong Kong have pi J I unrivalled experience and contacts Chinese mainland. biggest market, call the Hong Kong I Council. We have over Hong Kong companies database ready to I A'A 111 B J^B or fax the HKTDC Or our
      81 words
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      12 2 0 MIKIMOTO 1 The < )r- iria 11 of Cultured Pearls Since 1893
      12 words
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      131 3 j3 I L J E~ V i W r r w When I! UIIK Sto news or) Asi.i, our picture is complete, in depth .n,(l professional With news gathering bureaux throughout lite region, /team of experieiK ed corresp<tndenls and a produc tion center in Hong Kong, CNN lnternjlion.il qiv, you
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      67 3 M M MHfl watch 2 tH H X o Available at: <$> Cortina WttdtCentre SINGAPORE Corttna Walcti Centre Pie Ltd Raffles C*y #01-36 Tel: 339 9185 Fax *****66 Lucky Plaza #01-32 W. *****88 Fax: *****73 MHenia Walk #01-63/84 Tel *****28 Fax: *****58 The #01-13 Te«*****84 Fax: *****41 MALAYSIA :Le Cortina
      67 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon Buyers driving hard bargains
      445 4  -  Even with reasonably attractive asking prices, agents say offers made are way below prices advertised by sellers By 1 Diana Oon [SINGAPORE] J'UST six months ago, leasehold landed houses going for $845,000 or so made headlines. But the novelty of getting a leasehold terrace unit for
      FILE PHOTO  -  445 words
    • Article
      Can real estate investment trusts lift property market?
      1163 4  -  With liquidity in the region drying up, they could be the ideal vehicle to draw foreign funds By' Tay Kah Poh The writer is director of consultancy and research at Knight Frank. [SINGAPORE] The adverse impact of the region's financial crises on
      1,163 words
    • Article
      House Hunt
      1212 4 Property transaction for districts 15 and 16 (sectors 42 to 45 and 46 to 4Q) lodged between Jul 11 and Aug 15 1998 PBWKTNAMC/ PROP CONTRACT TENURE BULT-W PNCES' PSf STREETNAME TYPE DATE LAND AREA* (son) (srooq <s» Districts 15 "v(i uinouQ Amberville Apt 06/16/98 99 1722 560
      1,212 words
  • Page 4 Advertisements
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      450 4 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Honflt-r>nK Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
      450 words
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      59 4 For Sale By Tender Industrial Site at No. 15 Pereira Road Option to buy (1) the existing site'as is where is'; OR Ay's Subject with proposed 7-storey ind'l bldg (GFA 43,100 sq ft) 1 Property I on completed basis Land area: 17,265 sq ft DGP plot ratio: 2.5 E )A
      59 words
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  • FOCUS
    • Article, Illustration
      Giving local start-ups a leg up
      1246 5  -  The Technology Devt Fund, with a $150 m war chest is committed to helping local entrepreneurs put S'pore on the high-tech map By 1 Toh Han Shih [SINGAPORE! SINGAPORE has committed about $60 million to 43 local hightech start-ups and overseas firms with research
      1,246 words
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      33 5 The new BMW Rl2OO C m Performance Motors L.mrted East Coast Centre. 280 Kampong Arang Road Tel 346 7227 Mon-Sat 9am-6pm. Sunloam-6pm A member of the S.me S.ngapore Group The Ultimate Riding Machine
      33 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon IMF may ask Manila to cut GNP growth forecast
      381 6 AFP [MANILA] The International Monetary Fund (IMF) yesterday said it may ask the Philippines to downscale its 1998 gross national product (GNP) growth projection to only one per cent from 3 per cent. IMF resident representative Henri Lorie cited a steep
      AFP  -  381 words
    • Article
      Lock icon Worst still ahead for Thailand: World Bank
      285 6 10 years needed for structural reforms to take effect AFP [BERLIN] The director of the World Bank responsible for Thailand, Jayasankar Shivakumar, said yesterday that the worst was still to come for Thailand and it would take 10 years for all the structural
      AFP  -  285 words
    • Article, Illustration
      Lock icon Tokyo on verge of announcing major rescue plan for LTCB
      557 6  -  Move will establish blueprint for using public funds to save other filing banks From. Anthony Rowley in Tokyo JAPANESE financial authorities are expected to make what one Tokyo analyst called a "blockbuster announcement" today or tomorrow concerning a probable rescue
      AFP  -  557 words
    • Article
      S&P gives Thai banking revamp the thumbs up, affirms ratings
      536 6  -  But analysts still have doubts the plan will be completed From\ Harish Mehta in Bangkok THAILAND'S restructuring plan for its battered banking sector received an endorsement from US rating agency Standard Poor's which affirmed the credit ratings of several of
      536 words
    • Article, Illustration
      Lock icon Jakarta may inject more cash to revive sick banks
      502 6 Bloomberg [JAKARTAJ Indonesia might pump more money into sick banks in order to keep them afloat, Bank Indonesia governor Sjahril Sabirin said. Speaking after a meeting of economic officials on the mounting bad debt and insolvency problems that have gummed up
      Bloomberg; FILE PHOTO  -  502 words
    • Article
      Thai courts swamped by suits filed by banks
      370 6  -  15,000 cases are outstanding for the recovery of USs4ob From Harish Mehta in Bangkok THAILAND'S law courts are bursting with lawsuits, conservatively estimated at 15,000 cases, filed by domestic and foreign banks, including Singapore banks, which want to recover their loans amounting
      370 words
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  • SOUTH-EAST ASIA
    • Article
      20% World Bank funds in Indonesia lost to graft: report
      527 7 WASHINGTON Internal hank report portrays a culture of corruption among Indon govt officials INDONESIAN officials are believed to have siphoned off more than 20 per cent of the money earmarked for World Bank projects, the Asian Wall Street Journal reported
      527 words
    • Article
      Lock icon New Thai draft law lifts bars on foreign business
      330 7 BANGKOK It offers full access to foreigners except in selected sectors Reuters THE Thai cabinet has approved a liberalised foreign business law to lure foreign investment and manufacturing technology. A government spokesman said Deputy Prime Minister and Commerce Minister Supachai Panichpakdi
      Reuters  -  330 words
    • Article
      Lock icon Aung San Suu Kyi starts Week 2 of standoff
      198 7 ■YANGON AFP MYANMAR opposition leader Aung San Suu Kyi yesterday began the second week of a roadside standoff with the junta but diplomats expected her to return to the capital within the next two days. "She's still there but I think
      AFP  -  198 words
    • Article, Illustration
      Lock icon Not for export
      67 7 [THUA THIEN HUE, Vietnam] A Vietnamese peasant woman taking advantage of the wind to sift padi by a roadside in the central province of Thua Thien Hue on Sunday. The Vietnamese government has issued a temporary ban on rice exports because ofprolonged drought and food security concerns.
      AFP  -  67 words
    • Article
      Lock icon No takers yet for Indon debt restructuring agency
      255 7 JAKARTA AFP TWO weeks after its launch, an Indonesian agency tasked with helping the private sector restructure its external debt has found no takers, a report said yesterday. "It appears like no one has registered yet. But this does not mean that
      AFP  -  255 words
    • Article
      Lock icon Philippines seeks more Taiwan investments
      219 7 MANILA AFP AN official of a Philippine investment agency yesterday complained that the country was being left behind in attracting investments from Taiwan in comparison to its neighbours. In a speech to Taiwan businessmen, Elmer Hernandez, executive director of the Board of Investments, noted that
      AFP  -  219 words
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      383 7 Connecting People d* ■k v v||M^H|^^Hkl i IPlii, r ~wi Lk -«3)fea& H ;c "W| J'/ll^j'iff At Nokia, always be the office. data. That's because actually a GSM phone I And always gejt to a phone line. Yet the show must go on. any Type II PC Card slot. That's
      383 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Yangtze floods eroding corporate earnings
      449 8 SHENZHEN Power firms, farm suppliers, brewers among those likely to be hit: analysts Reuters CHINA'S listed power companies, brewers and makers of farm supplies are among those most likely to feel the effects of severe flooding seeping into their 1998 earnings, analysts said yesterday. While
      Reuters  -  449 words
    • Article
      Lock icon China studying new contract law aimed at deterring fraud
      227 8 BEIJING AFP A COMPREHENSIVE new law on contracts aimed at halting widespread fraud will go before China's top legislators next week, the official Xinhua news agency said yesterday. The Legislative Affairs Commission under the National People's Congress Standing Committee is to
      AFP  -  227 words
    • Article, Illustration
      Lock icon Dry run in swimming
      88 8 [JINMEN, Taiwan] Young military recruits, in their first week of training, practising swimming strokes on a beach on Taiwan's front-line island defence outpost of Jinmen, or Quemoy, yesterday. The conscripts, many of whom cannot swim, had volunteered to undergo some of the most rigorous training in
      REUTERS  -  88 words
    • Article
      Lock icon Guangdong to invest 50b yuan inroad network
      286 8 BEIJING AFP THE southern Chinese province of Guangdong is to invest 50 billion yuan (5110.5 billion) in a network of expressways connecting its major cities to neighbouring Hongkong and Macau, official media said yesterday. Most of the investment, 45 per cent more than
      AFP  -  286 words
    • Article
      Lock icon Taiwan petrochem firms eye prospects in China
      228 8 TAIPEI AFP TAIWANESE petrochemical firms are seeking business opportunities in China amid keen competition at home, the Economic Daily News said yesterday. Executives of leading companies in the sector left for the mainland on Tuesday to study the possibility of jointly investing in
      AFP  -  228 words
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      844 8 (O DBS LAND DBS LAND LIMITED I (Incorporated in the Republic of Singapore) I The Board of Directors of DBS Land Ltd wishes to announce that the unaudited results of the I DBS Land Group for the half year ended 30 June 1998 are as follows: I 1) UNAUDITED RESULTS
      844 words
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      173 8 I PERKS talks to I I Enterprise HR I I Systems! I SSh PERKS interfaces to external HR Systems. If you using |H Enterprise HR Systems, talk to us about how PERKS imports mm '"asters and transactions automatically and generates the p||| payroll according to Singapore regulations and practices. I
      173 words
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      50 8 f ftiiilj!ii> u fliimliifl aI Uaaaii AuLiMtl wfnWlllml IS MnifiO (X nOOtXJ nwuJlfOf*, w boat Restaurant oitmmpfiere Hfawker Trice Mon Sot: Dinner Only Sun: Lunch Dinner Street to service charge, prevailing govt tax O 3% G S T. fftiifypy yie&taurant 5 UonCKv Hotel, 15 TcMfong Kotoftg Ad jfjj£ €-moil: IchoteJGpocific.net.sg
      50 words
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  • ASIA
    • Article
      Lock icon S Korean cars may lose int'l edge forever: official
      423 9 SEOUL Hyundai labour disputes could also destroy industry's domestic base AFP SOUTH Korea warned yesterday that its shaky car industry risked losing its international competitiveness forever if crippling labour disputes at Hyundai Motor Co are further drawn out. "Hyundai's disputes, if
      AFP  -  423 words
    • Article
      Lock icon Korean telecoms firm gets US$260m funds
      204 9 SEOUL AFP A CASH-STRAPPED South Korean mobile phone service operator has won US$26O million (***** million) in investment from a Canadian telecoms firm and a US financial giant, reports said yesterday. Canadian telecommunications giant Bell Canada International Inc (BCI) on Tuesday agreed to invest
      AFP  -  204 words
    • Article
      Defectors prop up Shipley govt
      318 9  -  But their support is confined to budget and confidence votes From] David McLoughlin in Auckland NEW Zealand's latest political crisis seems to be over temporarily, thanks to the defection of enough MPs from sacked Treasurer Winston Peters' ragbag party to support the minority National Party
      318 words
    • Article
      Lock icon Foreigners cut Indian stocks
      122 9 BOMBAY AFP FOREIGN portfolio investors have been pulling their money out of Indian stock markets this month, reversing their cautious return in July, data showed yesterday. Figures released by the watchdog Securities and Exchange Board of India (Sebi) showed that U5556.3 million (Ss99 million) had flown
      AFP  -  122 words
    • Article, Illustration
      Lock icon Reaching out to atoms
      57 9 [TOKYO] Hiroaki Yano, a researcher of the Tokyo University's Intelligent Modelling Laboratory, wearing 3-D glasses and reachmg out t° touch carbon atoms in the laboratory's virtual reality room on Tuesday. Tokyo University associate professor Michitaka Hirose developed the 2.5-metre cube virtual reality room where 3-D computer
      AFP  -  57 words
    • Article
      Lock icon Expatriate Indians raise US$2b Delhi bond
      166 9 mBOMBAY AFP INDIA has raised U552.25 billion (553.9 billion) from a crucial bond issue aimed at countering US-led sanctions by tapping the savings of expatriate Indians, reports said yesterday. The bonds were launched on Aug 5 by the state-owned State Bank of India (SBI)
      AFP  -  166 words
  • Page 9 Advertisements
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      116 9 V v J n AiA reached the pinnacle of recognition. And beyond. AIA is the only insurance company in Singapore to be rated "AAA" the highest possible rating assigned by Standard Poor's, the worid's leading credit rating agency. It is a testimony a^ HAT Tht tymbol of Mcwciol rirnjih v
      116 words
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  • THIS WORLD
    • Article
      Lock icon Market sees interest rate cut as next Fed move
      302 10 NEW YORK Bloomberg THE Federal Reserve's next move may be an interest rate cut, financial market indicators and a growing camp of bond investors suggest. Those looking for the Fed to lower borrowing costs say a strong dollar, economic tumult in
      Bloomberg  -  302 words
    • Article, Illustration
      Lock icon Russian stocks dive as govt delays bond market move
      555 10 MOSCOW Details of domestic debt swap deal not nntil Monday; RTS Index at 28-mth low AFP, Reuters RUSSIA'S stock market yesterday continued its headlong dive into oblivion as the beleaguered government ducked a much-awaited decision on revival of the bond market,
      AFP,; Reuters; AFP  -  555 words
    • Article
      Lock icon US housing starts hit 11-year high
      312 10 I WASHINGTON Reuters BUILDERS broke ground on new homes and apartments at the fastest rate in more than 11 years in July, the Commerce Department said yesterday, as favourable interest rates and ample jobs fuelled a nationwide building boom. Construction starts jumped 5.7 per
      Reuters  -  312 words
    • Article
      Lock icon Demand for Quantum fund up as rouble falls
      474 10 LONDON Premium risen from 10 J2% last week to 13J5% Reuters INVESTORS are flocking to try to get a piece of the man who got the rouble right George Soros. Once again, the Hungari-an-born investment guru has been in the spotlight in
      Reuters  -  474 words
    • Article
      Lock icon Too late for some firms to stop Millennium Bug: report
      332 10 LONDON Reuters WITH 500 days to go to the year 2000, experts said yesterday that it may already be too late for many companies to defuse the millennium computer timebomb. According to the Gartner Group, a US high-technology consultancy, nearly
      Reuters  -  332 words
    • Article, Illustration
      Lock icon Just a censure for Clinton?
      573 11 WASHINGTON This political middle gronnd suggestion draws both support and fire NYT ONLY if and when independent counsel Kenneth Starr sends a report to Congress on the results of his investigation of US President Bill Clinton's relationship with Monica Lewinsky will lawmakers have the means
      NYT; REUTERS  -  573 words
    • Article
      Lock icon Clintons on vacation to mend ties
      343 11 EDGARTOWN, Massachusetts Reuters US President Bill Clinton began a family vacation on Tuesday, seeking to repair relations with his wife and daughter after his admission that he had had a sexual relationship with Monica Lewinsky. Mr Clinton, his wife, Hillary, and their daughter, Chelsea,
      Reuters  -  343 words
    • Article
      Lock icon German far-right may win seats in two state polls
      397 11 BONN But analysts say they won't get into national parliament Reuters FEEDING on mass unemployment in Germany's depressed east while playing on fears of foreigners and crime in the far-right parties look set to win seats in two state elections next
      Reuters  -  397 words
  • Page 10 Advertisements
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      150 10 Lose a little weight. Wear a lighter watch. Chrono-Automatic. Case in rugged, non-irritatinq, Also available in steel and yellow gold. IWC o^Aina<i'wii S&*»* /46Jt http://www.jwc.ch Singapore: Asia Watch Centre Pte Ltd, Tel: 440 4208 Chew Cheong Watch Centre, Tel: 734 5096/7 Cortina Watch Centre Pte Ltd, Tel: 339 2107,339 9185,235
      150 words
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      32 words
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      45 11 1998 Westin Hotels Resorts was oricntetf ftnhanghai by a hotel representative §p| that shaped the future m who does he have connections with? The Westin Tai PingY/^|^^| SHANGHAI 03 Mm '<KT t ,Jl fmj Hsi jfnLte ■l £011 *Tiki /■Hi'-" E. iMi' ll '.«■!11 MBhI
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      Page 11 Advertisements Column 2
      691 11 Clinton's speech rivets the world, Pg 13 IHli'.l'.TJl Land Keppel Land Limited I (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF-YEAR ENDED 30 JUNE 1998 The Directors advise the following unaudited results of the Company and the Group for the half-year ended 30 June 1998: COMPANY
      691 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Bank Negara is clearly not pump-priming
      668 12  -  THE bottomlute OPINION By Meera Tharmaratnam Meera Tharmaratnam is a KL-based writer who contributes regularly to BT IS Malaysia's central bank out to inflate Malaysia's economy out of a recession? Has Bank Negara been flooding Malaysia's banking system with cash for months to no
      668 words
    • Article
      IN OTHER WORDS
      150 12 'It's good to work from the bottom. But it takes a lot of effort trying to convince people when share prices are low.' Peter Um of SJ Securities, saying that risk in Malaysian shares is now minimal compared to the upside potential. 'We have two sets of
      150 words
    • Article
      Clearing the air on S$ policy
      634 12 EDITORIAL TWO major implications flow from the decision last week to relax restrictions on the use of the Singapore dollar for funding projects overseas and as the currency of denomination for stock exchange listings and bond issuance by foreign companies. First, it removes the
      634 words
    • Article, Illustration
      Lock icon What if US stops buying?
      1066 12  -  The US economy may be unable to spend the world back to prosperity just when it's needed most By\ Robert J Samuelson Washington Post IN his book One World, Ready or Not, the journalist William Greider coined a useful phrase to describe America's role in
      Washington Post; FILE PHOTO  -  1,066 words
    • Article
      Corrections & clarifications
      66 12 Corrections clarifications In yesterday's article, "A CPF cut may lack impact", Mukul Asher wrote, inter alia: "Since the overall budget deficit is routinely around 10 per cent of GDP, reduction in various taxes, levies and charges impinging on businesses could be considered to obtain the same result." In fact, Singapore
      66 words
    • Article
      Tinkering with other measures no match for CPF cut
      401 12  -  MAILBOX Sree Kumar Singapore MUKUL Asher gave a clear elaboration yesterday of the macroeconomic impact of a CPF cut and its possible effect on cyclical stabilisation ("A CPF cut may lack impact"). His statement that the current rate of 40 per
      401 words
    • Article
      WHAT THE OTHERS SAY
      520 12 Wu tt tragedy or Carcef THE denouement that had President Clinton testifying for independent counsel Kenneth Starr's grand jury, and then confessing sexual transgressions to a worldwide television audience, was the fateful consequence of ghastly judgments by two deeply flawed public men. Mr Clinton was in
      520 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Clinton's speech rivets the world
      998 13  -  The onlookers were blunt, they were sad, they were cynical, they were admiring, reports trueheart CHARLES TRUEHEART LAT-WP Headline writers, television pundits, politicians and ordinary people around the world beheld the spectacle of US President Bill Clinton's public confession on Monday night and spoke their
      LAT-WP; REUTERS  -  998 words
    • Article
      Lock icon Alternative medicine for ailing pets
      618 13 PURSUITS The field has taken off in past 5 years, drawing thousands of US vets NYT [NEW YORK] Once he had been a racer, sleek and fleet. Then came abandonment on the beaches of Brooklyn. Mercy arrived in the form of a new owner and
      NYT  -  618 words
    • Article
      Lock icon Helen Keller's yen for plain happiness
      436 13 BOOKS But people tnrned her into a symbol of the disabled LAT-WP [BALTIMORE] In the dark Alabama night, the young woman waited on the porch, holding her packed bag. Twice before, her attempts to marry her boyfriend, Peter Fagan, had been thwarted by teachers
      LAT-WP  -  436 words
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      Page 13 Advertisements Column 1
      1731 13 I kredietbank n.v. I (rapimmno (Incorporated in Belgium) Consolidated Annual Accounts As At 31 December 1997 Balance Sheet After Profit Appropriation Profit and Loss Account -i I ASSETS 1997 1996 1997 I<Nfi (in BEF 000) (in BEF 000) (in BEF 000) (in BEF 000) 2| I Cash in hand, balances
      1,731 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      113 13 THEWEAT"™ Singapore: Partly cloudy. Occasional light to moderate rain in the evening Temperature (28/23 C) < r S,orkh l >va rioudy Mwt rfoudy Viron. IV» rioudy Mta- SS T. Europe u*U- Cc* SttzzzzzuSS *S fiE*"- "J" 8 Amert< whi* C«kl a as S -as a Sff] 222 Sii— IMhi 17/38
      113 words
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  • MOTORING
    • Article, Illustration
      Lock icon Prices of cars falling, even for popular models
      1033 14  -  Distributors are cutting car prices amid weaker demand, lower COE prices, more Open COEs By\ Christopher Tan [SINGAPOREI CAR prices are skidding to new lows on the back of softer certificates of entitlement, weaker buyer demand, and a sizeable float of transferable
      FILE PHOTO  -  1,033 words
    • Article, Illustration
      Lock icon To book or not to book?
      80 14 v™ W a con ainer that sparked in a public parking lot without displaying parking coupons? And taking not just one but two car-park lots. r 0r around about who owns iL °r may to call up headquarters for advice. This happened at Somme
      ARTHUR LEE  -  80 words
    • Article
      Baby Benz motor show a success, says C&C
      441 14  -  By< Christopher Tan [SINGAPORE] The MercedesBenz "roadshow", conducted over the weekend to herald the arrival of the Baby Benz A-class, was a resounding success, according to a spokeswoman from distributor Cycle Carriage. "It was an overwhelming success because it created a product
      441 words
    • Article, Illustration
      C&C set to face challenging year Down Under
      584 14  -  Price war, strong US$ eating into margins despite booming market By i Christopher Tan [SINGAPORE] Despite a booming car market that could well lead to a record year Down Under, Cycle Carriage could face its most challenging period in Australia, according to
      584 words
    • BUMPER to BUMPER
      • Article
        UK distributor posts 57% pre-tax rise
        103 14 UK-BASED William Jacks pic, a luxury car distributor owned by listed Jacks International, reported a second consecutive record year for the 12 months ended Jan 31, 1996. Dealing in marques such as BMW, Mercedes-Benz, Jaguar, Land Rover and Chrysler Jeep, pre-tax profit soared 57
        103 words
      • Article
        Volvo's sound of music
        79 14 AS part of a new "trademark strategy", Volvo Cars has agreed to buy air time for a music show on CNN. The deal with Turner Broadcasting—owner of the CNN news group—is worth a whopping 24 million Swedish kroner (555.2 million). The show will be broadcast on
        79 words
      • Article, Illustration
        Spacio MPVs from Toyota out today
        71 14 BORNEO Motors is due to launch the Toyota Corolla Spacio today. The multi-purpose vehicle comes in two interior seating choices—six or five—and completes the range ofMPVs marketed by Borneo here. The 1.6-litre Spacio fills the Category 2 segment, the Picnic Cat 3, and the
        71 words
      • Article
        Land Rover's Freelander for US in 2000
        92 14 THE Freelander, Land Rover's newest baby, will be exported to America—the world's largest 4x4 market by end-2000. This could mean one thing: that the model, now available only with manual transmission, will have an automatic version soon. Meanwhile, the Freelander has been chosen
        92 words
      • Article
        New Suzuki 4x4s coming
        65 14 TALKING about new 4x4s, Suzuki distributor Champion Motors will soon offer two fresh entrants in the fast-growing segment. The Grand Vitara, a souped-up, dressed-up version of the established Vitara, will come in three engine selections: 1.6-litre, 2.0-litre and a 2.5-litre V 6. The Jimny is a
        65 words
      • Article
        Jaguar XKS offered for hole-in-one
        66 14 JAGUAR is one of the co-sponsors of the Ericsson Singapore Open golf tournament. It is offering an XKB sportscar as a hole-in-one prize. The 72-hole event tees off today at the Safra Resort and Country Club and ends on Sunday. Total prize money stands at
        66 words
      • Article
        Two new mid-range models
        81 14 BUYERS will have two new mid-range models to choose from. The face-lifted Nissan Sunny, available now, comes with minimal cosmetic changes, according to an executive at agent Tan Chong Sons. But Mazda's replacement 323, due next month, will have loads of alterations—including body, engine and gearboxes.
        81 words
      • Article, Illustration
        Here's the Cadillac roadster
        54 14 THIS is the first official sketch of the Cadillac roadster concept. Called Evoq, it explores the future direction of the marque's design. The two-seater features a retractable hardtop (a la Mercedes' SLK) and would be Cadillac's first true concept in over 10 years. It will be
        54 words
      • Article
        Let there be light
        81 14 GERMAN luxury carmaker BMW and automotive lamp manufacturer Hella have developed an adaptive light control system. The intelligent system incorporates swivel-mounted headlamp elements linked to the car's GPS (global positioning system) computer. This allows the system to illuminate an area further down the road, hence anticipating
        81 words
      • Article
        Volvo opens truck plant in India
        76 14 A NEW Volvo truck plant was inaugurated recently in Hosakote, near Bangalore, in India. It has a capacity to produce 4,000 trucks a year a target Volvo hopes to achieve in five years. Investments in the factory could eventually amount to US$BO million. Volvo
        76 words
      • Article
        Calling driving adventure buffs
        50 14 WHEELS For Fun, a driving adventure organiser, has lined up a list of driveaways for the next couple of months. The more interesting ones include an East-West Highway and a Jungle Adventure with stays at an orang asli village. Call 235-2591 or flax 235-2971 for enquiries.
        50 words
      • Article
        Taxi stand expansion at Changi
        63 14  -  Compiled by Christopher Tan WORK is in progress to expand the Changi Airport Terminal 2 south taxi stand. When completed in October, the taxi stand will have 12 berths, double the current six. When the new south stand is up, the north taxi stand will
        63 words
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      Page 15 Advertisements Column 1
      397 15 IMa'l yii Imm? I ttti il it jfCs, Cats'Mewsf tot' Mti« it Siaday Cliulfitd fhit wttfcud. J Where to wine, dine and entertain...""" fH safes For a karaoke with a difference, visit Singsation Theme Karaoke with its 18 themed KTV rooms. Company functions can be held at its Main Hall
      397 words
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      Page 15 Advertisements Column 2
      112 15 1 $jf 5) 2 Revolving Restaurant l»th floor I Enjoy i i A STYLISH LUNCH AT TOP OF THE 'M' i REVOLVING RESTAURANT: WITH 25% SAVINGS THIS AUGUST! Call 831-6258/88 for your reservations, i rSh Jfa/uiarvi |£J Svugiporr j 333 Orchard Road, Singapore *****7 Td: 737 4411 Buffet Lunch 12pm
      112 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      771 15 TV&RADIO 7.00 News 5At Seven. 10.00 Close. 1 H 7>30 Home Improvement ILOO Response TV. MaaaiMß^— Response TV. Quest For Fire. LOO PM TV Innovations. t-2-3$ I^ Tn ,ft9 vat »S 8.00 PhuaChuKangPteLtd 3.00 CDIS. r" 4.00 Kidz Blitz: Walter Mel- Peace Joy, Dead- 4.00 Setulus Kasih (r). o" w.
      771 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      224 15 CRVFTIC CROSSWORD ACROSS —I i j i No rates charged by a politi- ri —ML—Bl_— cian (7) 111 I j P 8 Hazard the colliery fears (7) ~■■b 11 Midlands city favoured by 14 Businessmen giving players their cards (7) two game 18 Baseball player needs a jug (7) 21
      224 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      129 16 I I A Car Ahead I Tl I INK SPACE. *****'I I Think luxury. I I I >s* I V iXfr HJ 5 I# i i c/) co UJ LJ Think the new Odyssey 2.3 VTEC. I )'<>// know how good the hlyssev is in terms of styling and space.
      129 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon KepLand profit dives 67% to $27.4m at half-time
      544 17  -  Sower sales, provisions for two condos drag down earnings By! Diana Oon [SINGAPORE] Keppel Land's net profit plunged by twothirds in the first half to $27.4 million, and it expects profits to be lower for the rest of the year. The group
      FILE PHOTO  -  544 words
    • Article
      Keppel Fels buoyant with net profit up 11.9% at half-time
      356 17  -  By Ven Sreenivasan (SINGAPORE] Marine construction specialist Keppel Fels yesterday posted an 11.9 per cent rise in net earnings to $12.5 million for the half year to June 30. It chalked up net earnings of $11.2 million in the first
      356 words
    • Article
      S'pore retail brokers need to be full-service providers
      691 17  -  HOCK LOCK SIEW Ven Sreenivasan THE SES Review Committee's recommendation to reduce stockbroking commissions has again surfaced the worst fears of many retail brokers here. While they are bracing themselves for the liberalisation of the industry, many see as somewhat masochistic the
      691 words
    • Article
      Venture shareholder to place out 15m shares
      227 17 [SINGAPORE] Venture Manufacturing's major shareholder Metchem Engineering is placing out 15 million shares with a market value of over $70 million confirming market talk of an impending large placement of shares. Metchem said yesterday that proceeds from the sale of the 7.7 per
      227 words
    • Article, Illustration
      PCRD to see how OCBC pursues Endang claims
      625 17  -  It sned for $57.5 m debts; bank has first lien over her shares By Catherine Ong [SINGAPORE] Pacific Century Regional Development (PCRD) said it has sued Indonesian businesswoman Endang Utari Mokodompit for debts of $57.7 million, but would like to see how
      625 words
    • SINGAPORE COMPANIES
      • Article
        New utilities sector to see listing of SP, Tuas Power?
        518 18  -  SES STOCK RECLASSIFICATION Both seen as initial candidates; Power Gas, SembGas may join list later By: Ronnie Lim [SINGAPORE] A newly-creat-ed stock market sector for electricity/gas/water will likely see the listing of big players like Singapore Power (SP) and rival
        518 words
      • Article
        Showpla appoints Ernst & Young as adviser
        469 18  - Showpla appoints Ernst Young as adviser It is also in 'serious discussions' with potential investors By. Jennifer Lien [SINGAPORE] Cash-strapped Showpla Asia, whose parent company is under court protection, has appointed Ernst Young as financial adviser and is in "serious discussions" with potential investors. The mainboard-listed company added that some
        469 words
      • Article, Illustration
        ST Aero ties up with Taiwan's AIDC
        449 18  -  By] David Boey SINGAPORE Technologies Aerospace has forged a partnership with Aerospace Industrial Development Corporation (AIDC) of Taiwan in a bid to secure a larger slice of the world's market for F-5 fighter upgrades. A Memorandum of Understanding (MoU) signed early last month
        449 words
      • Article
        Republic Hotels' interim profit falls 34.4% amid poor tourism climate
        300 18  -  By, Ang Wan May [SINGAPORE] Poorer sales at its hotels caused net earnings for Republic Hotels Resorts in the first six months ended June 30 to dive 34.4 per cent to $4.6 million. Turnover for the group, which owns six
        300 words
    • COMPANIES
      • Article
        Genting shares soar in KL rally
        557 19  -  Counter op 15-6% in strong trade as nnit announces gas find in Irian Jaya From Ruth Wong in Kuala Lumpur SHARES of Genting soared alongside other Malaysian stocks a day after announcing that its unit has struck a huge gas reserve in Irian Jaya,
        557 words
      • Article
        Wing Lung Bank's H1 net profit falls 29% on provisions
        446 19  -  From Quak Hiang Whai in Hongkong WING Lung Bank, which has links with DBS Bank, yesterday unveiled a 28.8 per cent decline in net profit for the six months to June after sharply lifting its charges for bad and doubtful
        446 words
      • Article
        Lock icon SingLand up as price is attractive: analysts
        247 19 Bloomberg [SINGAPORE] Shares of Singapore Land, a major commercial property developer, rose as much as 17 per cent after it fell to an attractive level, relative to its earnings potential, analysts said. The stock rose 33 cents to $2.43 at the close. It
        Bloomberg  -  247 words
      • Article
        Lock icon Creative up 1.2% on sales outlook
        96 19 Bloomberg [SINGAPORE] Creative Technology Ltd's shares yesterday rose 1.2 per cent as it was seen as cheap compared with potential earnings. Singapore-based Creative rose 20 cents to close at $16.40. "Christmas sales should be good, and their audio products are doing weU in the
        Bloomberg  -  96 words
      • Article, Illustration
        Haw Par's interim net slumps 80%
        433 19  -  $4.3 m loss from sale of short-term investments hurts bottom-line By, Jenny Lam [SINGAPORE! Healthcare and leisure company Haw Par Corporation has reported an 80 per cent plunge in halftime net profit to $4.2 million due mainly to losses from its short-term investments. However,
        433 words
      • Article
        Bankers extending further credit: Broadway
        344 19  -  Standstill letter being finalised; DBS grants $4£m credit By I Siow Li Sen [SINGAPORE] Packaging company Broadway Industrial Group Ltd yesterday said its bankers were not going to pull the plug and were in the midst of finalising additional credit facilities. The mainboard-listed company, which
        344 words
      • Article
        Lock icon GPE unit in loudspeaker pact
        98 19 Reuters [SINGAPORE] GPE Industries yesterday said that whoUy owned subsidiary GP Acoustics has entered into a licensing agreement with Britain's New Transducers for its flat panel loudspeaker technology. GPE said in a statement that GP Acoustics wiU go into the manufacture of flat panel loudspeakers
        Reuters  -  98 words
      • Article
        Lock icon Compaq, Intel rise as investors bet on big high-tech firms
        350 21 They are seen to be best prepared to weather global economic turmoil Bloomberg [SAN FRANCISCO] Compaq Computer Corp, Intel Corp and other large-capitalisation technology issues rose on Tuesday as investors bet that big companies are best prepared to weather the
        Bloomberg  -  350 words
      • Article, Illustration
        Lock icon Netscape shares down after Q4 growth warning
        319 21 Bloomberg [MOUNTAIN VIEW, California] Netscape Communications Corp shares fell as much as 5.6 per cent after the No 1 maker of Internet browser software warned analysts not to raise their fiscal fourth-quarter estimates. Netscape fell 9/16 to 31 9/16 in late morning trading
        Bloomberg; Source: Bloomberg  -  319 words
      • Article
        Lock icon Nissan's credit ratings cut by Moody's
        209 21 Bloomberg [TOKYO] Nissan Motor Co, Japan's second largest automaker, had its credit ratings lowered by Moody's Investors Service Inc, which cited the company's weak performance in Asia and the US along with its vast debts. The move affects US$9.5 billion (5516.6 billion) of debt
        Bloomberg  -  209 words
      • Article
        Lock icon Printer war hots up as Canon zooms in on Xerox's turf
        486 21 Xerox, meanwhile, plans new assault on Hewlett Packard Reuters [NEW YORK] Canon USA is taking aim at Xerox Corp, while Xerox widens its assault on Hewlett Packard as competition heats up in the multi-billion dollar US market for copiers
        Reuters  -  486 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Toshiba to step up output of flash memory chips
        473 20 Company wants to rely less on the unprofitable DRAM chips by 2001 Bloomberg [TOKYO] Toshiba Corp, Japan's second largest microchip maker, said it'll increase output by the year 2001 of memory chips used in portable products such as mobile phones, in
        Bloomberg  -  473 words
      • Article
        Lock icon TDK shares fall as 1st-qtr operating profit slumps 13.8%
        368 20 Bloomberg [TOKYO] Shares in TDK Corp, a Japanese maker of magnetic parts used in computer hard disk drives, fell as much as 2 per cent as investors focused on a 13.8 per cent slump in operating profit in the April-June quarter.
        Bloomberg  -  368 words
      • Article, Illustration
        Lock icon Sweet music
        84 20 [TOKYO] An employee at tqymaker Bandai biting into a lollipop as she enjoys "groove DJ" music vibrating from the candy through her teeth with help from the company's new toy gadget Silent Shout outside Bandai's headquarters in Tokyo yesterday. Music is conductedfrom the battery-operated toy to a lollipop
        REUTERS  -  84 words
      • Article
        Lock icon Adidas named in US$1.2b lawsuit
        328 20 Slave labour used to make soccer balls, say China dissidents Bloomberg [WASHINGTON] Adidas-Sal-omon AG was accused in a US$l.2 billion (Ss2.l billion) lawsuit filed by Chinese political dissidents of using slave labour in China to make World Cup 98 soccer baUs. The lawsuit on behalf
        Bloomberg  -  328 words
      • Article
        Lock icon Seiyu to post 34b yen loss after liquidating affiliates
        126 20 Bloomberg [TOKYO] Seiyu Ltd, a Japanese supermarket chain operator, said it expects a 34.2 bUlion yen (Ss4l6 miUion) loss for the six months through August after it liquidates nine affiliates, including a department store in Tokyo. Seiyu won't change its earnings
        Bloomberg  -  126 words
      • Article
        Lock icon Italy to probe Olivetti price surge in test case
        257 20 Bloomberg [MILAN] Olivetti SpA, Italy's second-largest telecommunications services provider, will become the first company to test new rules aimed at US-style transparency in Italy's murky corporate world. Stock regulator Consob will investigate Olivetti's 7.4 per cent price surge on Tuesday, which
        Bloomberg  -  257 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Non-life insurers face growth struggle: report
        357 22 Premium growth will be difficult nnless more policies are sold, says Swiss Re Reuters [LONDON] The non-life insurance sector much of which reported dazzling profits for 1997 will find future premium growth difficult to come by unless insurers can sell more policies, a report
        Reuters  -  357 words
      • Article
        UK insurer Friends' £744m bid for L&M wins support
        339 22 [LONDON] British insurance and investment group Friends Provident said on Tuesday its £744 million (Ss2.l billion) bid for London Manchester Group pic (L&M) was backed by the life insurer's biggest shareholders and a counter bid was unlikely. "I think it is
        339 words
      • Article, Illustration
        Lock icon Banking on history
        51 22 [BEIJING] A Chinese worker in front of a satellite dish on Finance Street which is under construction in Beijing's Fuxingmen area on Tuesday. Upon completion later this year, the street will accommodate China's top level management departments and financial institutions of the banking, securities and insurance sectors.
        REUTERS  -  51 words
      • Article
        Lock icon Japanese banks lend US$239m to Isuzu's US unit
        194 22 Bloomberg [TOKYO] Dai-Ichi Kangyo Bank Ltd will lead a syndicate of Japanese banks in a US$239 million (Ss4l9 million) asset-backed loan to the US financing unit of Isuzu Motors Ltd, a Japanese carmaker affiliated with General Motors Corp. The loan will be
        Bloomberg  -  194 words
      • Article
        Lock icon New rules for China's mutual funds
        292 22 AFP [SHANGHAI] The watchdog China Securities Regulatory Commission (CSRC) has drawn up new rules spelling out the rights of mutual funds to subscribe in initial public offerings (IPOs), a newspaper reported yesterday. The Shanghai Securities News daily said the new rules stipulate that the
        AFP  -  292 words
      • Article
        Lock icon Reinsurance Australia interim profit falls 7%
        244 22 Competition and volatile investment markets to blame Bloomberg [SYDNEY] Reinsurance Australia Corp said first-half profit fell 7 per cent amid savage industry price and volatile investment markets. The company, Australia's second-largest reinsurer by premium income, reported net earnings of A 532.7 million (5534.3 million)
        Bloomberg  -  244 words
      • Article
        Lock icon Euroyen flat, but JGBs ease
        193 22 STMBX Report AFP [SINGAPORE) Simex Euroyen futures were little changed yesterday but Japanese government bond (JGB) futures slipped as the Nikkei surged. Dealers said the Euroyen were very well supported as Japanese officials once again put to rest fears of a credit crunch during the
        AFP  -  193 words
      • Article
        Futures rally on US gains
        185 22  -  MSCI TAIWAN FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures rallied yesterday for the first time in three days, as gains in the US stock market shored up confidence in the Taiwan bourse. The August 98 contract
        185 words
      • Article
        Lock icon Oil prices up on US petrol demand
        277 22 ENERGY REPORT Reuters [LONDON] World oil prices clawed cautiously back from recent lows yesterday, Finding footing on bullish supply signals from the thirsty US petrol market. Benchmark Brent crude sat 18 cents higher at U5512.26 a barrel at 1534 GMT on the London
        Reuters  -  277 words
      • Article
        Lock icon CURRENCY REPORT
        270 22 AFXAsia, AFP IffMldffT* THE dollar continued to weaken against the yen in afternoon trade, driven lower by correction in the cross trades between the mark and yen, dealers said. They said the mark saw a sharp correction against the yen, dropping below the psychologically important 80.00 yen level,
        AFX- Asia,; AFP  -  270 words
      • Article, Illustration
        Untitled
        1235 22 DWERBAMK CROSS BATES Augl9 A$ CS —> ICU ffr Pw HK$ Yen Woo fM «$Nfcto Hm S$ i—l Sir MT» t*t Hmk AwtraM 0.915 6.17* 0346 3.606 f.075 4.633 26.018 70.271 0 86? 7.805 J 38 1.104 32.*****.606 1050 3.738 0.900 20.T54 ***** 0370 0398 Canada 1093 5.429 0.597 1943
        1,235 words
    • Article
      COMMODITY PRICES
      1760 23 S1C0M PPTURES Aug w RUBKt (Mares (tort* at SJQpm) L KS1 CONTRACTU c«tsA<») Clow Month Mgh Low Sott (towws) lirttftst SM 98 110.25 <90 Oct 98 m.25 M50 Nov 98 m.25 H1.25 112.25 600 1450 rw a* 113.00 1850 KL 99 "5.50 2025 ]£yjSw 119.75 »50 jS/S*f 99
      1,760 words
    • Article
      WORLD STOCK MARKETS
      2288 23 LONDON Mistrials «mw Nki *f31 Group 549.400 25.000 AB Ports 318.000 1.600 Abbey National 1119.860 4.860 Allied Domecq 543.000 -9.000 Anwc 149.400 -1.600 A id J Croup 186.600 2.200 BAT Ind 680.000 5.000 BO Pic 381.000 23.600 BICC 108.000 -2.000 BOC Group 836.000 3.000 BP Petroleum 856.000
      2,288 words
    • Article
      Lock icon TOKYO
      1637 23 AFP P Nikkei 225 ****** JAPANESE share prices jumped 2.3 per cent yesterday with sentiment boosted by rebounds in overseas markets and the yen's rally against the dollar, brokers said. However, the contributing factors were not seen likely to continue and foreign investors remained sellers to cap the market's
      AFP  -  1,637 words
    • Article, Illustration
      Lock icon HONGKONG
      1491 24 AFP Hang Seng +41L66 HONGKONG stocks surged 5.7 per cent yesterday, fuelled by suspected government buying, a firmer yen and gains on Wall Street, dealers said. The key Hang Seng Index finished up 411.66 points at 7,622.58 on moderate turnover of HK56.93 billion. The market had been up more
      AFP  -  1,491 words
    • Article, Illustration
      Lock icon CHINA
      630 24 Bridge News, AFP QShenzhenßlndex *3.58 CHINA'S stock markets rose following strength in the Hongkong market and a string of positive interim results which prompted investors to buy shares, traders said. Shenzhen B share Index finished up 6.77 per cent higher or 3.58 points up to 56.59, partly boosted by
      Bridge News,; AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  630 words
    • Article
      Lock icon TAIPEI
      362 24 AFP PWPhder +11L81 TAIWAN stocks rose 1.6 per cent yesterday, propelled by overnight gains on Wall Street, dealers said. The Taiwan Stock Exchange Weighted Price Index moved up 111.81 points to 7,293.40, following a 1.3 per cent drop in the previous session. "Overnight gains in the US stock market
      AFP  -  362 words
    • Article, Illustration
      Lock icon JAKARTA
      730 24 AFP Composite Index *103 INDONESIAN shares rose 0.5 per cent yesterday amid strong buying interest in telecoms firms PT Telekomunikasi (Telkom) Indonesia, dealers said. A dealer with a European brokerage said Telkom's price rise was partly due to heavy demand from an emerging market fund that saw value at
      AFP  -  730 words
    • Article, Illustration
      Lock icon BANGKOK
      777 24 AFP n SET Index +7.89 THAI shares posted solid gains yesterday to close 3.3 per cent higher, tracking positive regional sentiment and led by banking and finance stocks, analysts said. Analysts said the market was buoyed by strong gains in offshore markets including Wall Street and Hongkong, as well
      AFP  -  777 words
    • Article
      Lock icon SEOUL
      432 24 AFP rl Composite Index +10.75 SOUTH Korean share prices closed 3.7 per cent higher yesterday as the yen and regional markets rallied and as jitters over Russia's economy subsided, dealers said. The Korea Stock Exchange Composite Index shot up 10.75 points to close at 301.90, ofT a high of
      AFP  -  432 words
    • Article
      Lock icon SYDNEY
      591 24 AFP Ordinaries +7<h6 AUSTRALIAN share prices surged 2.7 per cent yesterday, led by buoyant Asian markets and Wall Street gains. The All Ordinaries Index jumped 70.6 points to 2,636.1. The All Industrials Index rose 122 points to 4658.5 and the All Resources Index gained 29.4 points to 999.5. National
      AFP  -  591 words
    • Article
      Lock icon WELLINGTON
      261 24 AFP d Wellington +40-83 NEW Zealand stocks rose for the first time in three days, after offshore shares strengthened and interest rates and bond yields declined, boosting the appeal of equities. The Top 40 stock index rose 40.83 points, or 2.1 per cent, to 1969.28. Gainers led decliners 30
      AFP  -  261 words
    • Article
      Lock icon MANILA
      306 24 AFP Q Manila +4L42 PHILIPPINE share prices closed 3.1 per cent higher yesterday due to bargain-hunt-ing and the upturn in overseas markets, analysts said. The Philippine Stock Exchange Composite Index rose 41.42 points to close at 1,364.59 points. Turnover rose to 332 million shares worth 698 million pesos. —AFP
      AFP  -  306 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        7411 25 MWHRttlS v^«. Cbbwbbt prefects <**• Last Vel Dey Net Cap MH» Lw ClDM» Wl 'poo Hmi U» W W 3X) 170 Atlnomoto ITS 97 70.9 VMI 33.3 Angkesa 43.5 3 S3 44 40 1.0 64.1 290 123 ApoNo Food M4g 129 5 130 129 4.5 51.6 3M K>a Berjeya Land
        7,411 words
      • Article, Illustration
        Lock icon Shares soar on Dr M's intervention idea
        323 25 AFP, AFX-Asia F% Composite Index +27.81 MALAYSIAN stock prices rocketed 8.8 per cent yesterday after Prime Minister Mahathir Mohamad said the government was considering intervention to shore up the sliding share market. The Kuala Lumpur Stock Exchange's 100-share weighted Composite Index rose 27.81
        AFP,; AFX-Asia  -  323 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3344 26 ■■fctMNS ft 1*98 Last Vat Day Last Owotl Av« High Law stw Caipany Saia Hr rOOO) High L— Buyf 5a«ar Prtca 23.5 8 m 3000 m AM08 C5.5H*****6 10.5 *2 1 5 10.5 S 10.5 20.5 3 3160 "Actr ******1 US$ 4 unch 7 4 4 3.5 4 95 6
        3,344 words
      • Article
        RHB Cap wrt not for faint-hearted
        185 26  -  WARRANT WATCH By] R Sivanithy THE RHB Capital warrant exploded into life yesterday, more than doubling in value both here on Clob International and on the Kuala Lumpur stock exchange. So let's take a look at the numbers, sticking to the normal practice of
        185 words
    • Article
      CLOB INTERNATIONAL
      2216 26 Transaction date Aug 19 I II»•■■■ kw t si* I X V* 4 I J*??. i? X Of Of 1 Lwt LartOmta Mv Hi n NM M Cap Hl» Laat Stno Campany Salt COOP) Ml» Law Buyar 8a8ar C*r */C $w« OS 28 m s 5000 AISB 50c
      2,216 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6215 27 Or Or M Wt 19*8 Last Vel Oey Laet Quote W» Oh W M Cap Av« Hmi Lew ttw Ciw—Y ttf COOP) HH>I Low Buyer Mkf C vr P/t %mU Prtee INDUSTRIALS 43 113 1020 ACE 0ynamics20c 12.5 *0.5 50 13 12.5 12 13
      6,215 words
    • Article
      SESDAQ
      1168 27 ar nS» —-'u. i js i m a J? 134 50 0 2000 ABRHId«s5c 79 78 M 5 243 42 2049 AS Auto 10c 51 *4.5 MO 51.5 45 50 51 15.0N 7JO 2.9 43 582 45 5 IS' ASJ ?0c ST 56 2.5 102 0.9 11.0 51.3 57
      1,168 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        220 28 Stocks Vein we •MBf Capital 60,974,000 •M Resources 35,089,000 *RH8 Cap Wt99 18,216,000 •MBf Hldgs 50c 15,068,000 •Rekapacific Bh 14,850,000 •Pub Bk Foreign 14,585,000 •Renong Bhd 50c 13,185,000 •RHB Cap Bhd 12,348,000 •North Borneo 12,237,000 •Magnum Corp50c 12,065,000 Sfedu DBS Foreign 25,040,145 SingTel 15c 20,094,120 S1A Foreign 17,930,306 U08 Foreign
        220 words
      • Article, Illustration
        HOT STOCK
        62 28  -  -by Shiv Taneja METROPLEX Bhd closed four cents higher yesterday at 17.5 cents on a volume of 3.43 million shares, compared with its 10-day traded average of 519,900 shares Sustained upside in the near term is unlikely, judging from the counter's daily RSI and Stochastics charts. However, the
        62 words
      • Article, Illustration
        Market turns suddenly in the last hour of trading
        674 28  -  STOCK MARKET COMMHMTART Some say market got wind of DBS Land's disappointing interim results By R Sivanithy [SINGAPORE] Second liners from Clob International led the local market higher in a smart bounce yesterday that came in response to a firmer Japanese
        674 words
      • ON THE GRAPEVINE
        • Article
          More Anwar allies to be purged?
          97 28 THE market is rife with rumours again that more allies of Malaysian Finance Minister and Deputy Prime Minister Anwar Ibrahim will be purged. The latest talk is sparked off by an article in Asiaweek, which claimed that it has learnt of a plan to
          97 words
        • Article
          Top changes at Citibank
          97 28 WE hear that changes are afoot in the top echelon at Citibank's Singapore and regional operations based here. Shehzad Naqvi, the bank's country corporate officer, has left to head Citibank in Pakistan and win be replaced by his counterpart in Kuala Lumpur. Sunil Srinivasan. Y S
          97 words
        • Article
          Tropical Hotel room for $1
          89 28 Tropical Hotel inKeongSiak Street is offering a $1 room rate for five days for 10 of its 50 rooms, it said in a press statement yesterday. The hotel will be opened to the public on Aug 24. The statement said it believes the promotional rate
          89 words
        • Article
          Moments of great expectations
          122 28 A new book, with a big-sounding title, is now on sale at our local bookstores. It is called Great People, Ideas and Careers. It is a readable book about life insurance agents—their ups and downs and hopes and expectations. The paperback, written by three Great Eastern
          122 words
        • Article
          From wall Street to Bukit Merah
          113 28 Another new book that will soon hit the bookstores is From Wall Street to Bukit Merah. It is written by Hsuan Owyang who is better known for his role as chairman of the Housing Development Board The book, published by Times Editions, is an
          113 words
        • Article
          Clinton saga sets CNN record
          98 28 The Clinton-Lewinsky saga has woken up the Internet for one. CNN says its Web sites served a record 20.4 million page impressions on Monday, the day the American president gave his grand jury testimony and made his address to the nation. The day's traffic was
          98 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      251 17 MHMKK iinfi«riiwi« n Hi J H SBHIHH I Ifl Why spend a fortune when Boss Design can give your office a designer look at competitive contractor prices that will make your bottom line look good. What does the Boss Design total design contract cover? Project management, free design consultancy, carpentry
      251 words
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      75 18 MfeJP it ly#tiln^H ■r^\i tfF"" V3im i &I 1 M f/= rifl ml II Sw ißlf ■Bb It? -iMM Wk M *5/ wjF I I^* .^..fSi^^a W fi w m( A VACHER The worlds's oldest watch manufacturer Geneva, since 1755 Authorised Reuilers: Cortina Wotcfc Tel. 339 9185-Roy Eeetorn Woteh To).
      75 words
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      Page 18 Advertisements Column 2
      81 18 First Class Delivery. Daily: 6110 f^m FREE Earpiece. J w I mm 30% off for 12 months with /JV Ml GSM subscription. Free connection and free w 6 months subscription to I W Caller Number Display. f Free registration for any Value-Added Service. I tlBoo?B99^,3jBai|i|M Customers have to subscribe for
      81 words
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      256 19 ActiVision32 Cut your travel time and cost... utilize your PC as a remote video monitoring device ActiVision32 is a cutting-edge remote video monitoring software solution for your PC. Now you can view faraway places with just a telephone line and PC or laptop with modem. Using our program and video
      256 words
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      Page 19 Advertisements Column 2
      380 19 IUtj.I.MIFELS I Keppel FELS Limited I (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1998 I The Directors of Keppel FELS Limited advise the following unaudited results of the Company and of the I Group for the half year ended 30 June
      380 words
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      Page 20 Advertisements Column 1
      442 20 golf house "We didn't design it to bp. big. We designed it to be better!" TIGHT LIES MAXIMIZES YOUR STROKE-SAVING while inspiring equal amounts of confidence OPPORTUNITY. f t 5)0 you arc armed and ready to master those critical lone ifl Independent tests prove that your best chance for A
      442 words
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      Page 21 Advertisements Column 1
      216 21 Paget! Now You Need Only DBS one. One Bank Meets All Your Financial Service Needs With Just one Relationship. one DBS Bank inaugurates a new priority banking service. Furthermore, you'll be instantly recognised by your exclusive It s called DBS One, and shares a SPECIAL RELATIONSHIP DBS One card, which
      216 words
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      Page 22 Advertisements Column 1
      236 22 A practical guide to bankruptcy and winding MMpMR' up procedures in Singapore. It will teach you the various ways of collecting bad debts and how to seek settlement of debts under the new Bankruptcy Act. Contains full text of the 'UnM new Bankruptcy Act 1995. (5516.80) By Gotl A practical
      236 words
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      Page 22 Advertisements Column 2
      9 22 The Straits Times Classified Where buyers rfT=_l sellers CATS.
      9 words
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      Page 26 Advertisements Column 1
      60 26 /Hello, C.AT.sX Wow! I d like to place an A buyer J -'-j I love this car V advertisement to J Wj 1 the very I that I found my next day. J< through j *—V The Straits Times I w I Vr m Buyina or seilina through The Straits
      60 words
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      Page 27 Advertisements Column 1
      80 27 f calling about\ /See...l tolcT\ /The card we're\ I the computer I you this was a J N. making for Susan 1 y advertised in I x. B°°d deal, y Yup, we got what V is going to be 1 Straits Times 1 we wanted because real nice! Classified. I
      80 words
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      Page 28 Advertisements Column 1
      1308 28 BUSINESS \()fic('S 'lo iidMTtist' c;ill (011-f'riT ISOO-741 ISS3 IN THE MATTER OT THE COMPANIES ACT. CAP. St AND IN THE MATTER OF MAY FATT PTE LTD (In Members' Voluntary Liquidation) At an hxtraordinary General Meeting of the abovenamed Company duly convened and held at 2 Havelock Road. #07-07 Apollo Centre.
      1,308 words
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      Page 28 Advertisements Column 2
      189 28 IN THE NUTTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF TAIGUR TRADING PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap. 50 that a Final Meeting of the Members of the abovenamed
      189 words
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      Page 28 Advertisements Column 3
      194 28 V*" L J MARTECH 98 (International Conference Exhibition on Maritime Safety Resource Management 2000 (organised by Singapore Polytechnic and Maritime A Port Authority of Sbtgapora) Appearing on the opening day of the exhibition and conference, the MARTECH 98 special feature will be an invaluable guide to all visitors and participants.
      194 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      321 29 Bridge News, Reuters A FEW Panamax coal cargoes appear to have been fixed from South Africa, but details remained very sketchy. TANKEB& In the North Sea, Aframax rates continued to slip, with Exxon reportedly having fixed tonnage at a lower worldscale 82.5 for an 80,000-tonne cargo from Hound
      Bridge News,; Reuters  -  321 words
    • Article
      MARITIME STOCKS
      271 29 m im It *b W CWT Distribution —0.29 *0.0) 31 Chuan Hup 0.36 -0.01 129 Cosco Invtstmtnt 0.44 -0.04 22 Fratght Links 0.13 *0.01 460 ceiwwno* 0J1 *0.009 25 MplSunHup 040 *0.005 210 MMCNZMW 0.52 *0.005 SO MCHoMlnft MK 5.60 JVaNMtogt —0.365 -0015 2 SNpyard 7.65 *0.05 1
      271 words
    • Article, Illustration
      Lock icon P&O Nedlloyd to replace 330 ratings with Filipinos
      497 29 Trade anion condemns move, to recommend ballot for industrial action Reuters [LONDON] Anglo-Dutch container shipping group, P&O Nedlloyd is to replace 330 British and New Zealand seamen with "cheaper" Filipino workers, blaming tough market conditions for the move. The move brought an
      Reuters  -  497 words
    • Article, Illustration
      Lock icon Steering China's shipping industry towards greater reform
      603 29  -  SHIPSHAPE By Felix Chan WITH 32 years of shipping and port-related experience behind him, Hu Hanxiang speaks of the development of the Chinese shipping and port industry with the pride of a father-fig-ure. "The development of Chinese shipping is closely related to the
      SIEW YAW HOONG  -  603 words
    • Article
      Lock icon Shanghai opens shipping service centre
      180 29 Reuters [SHANGHAI] Shanghai took a step towards improving its competitiveness as an Asian shipping hub on Tuesday by inaugurating the showcase Shanghai International Shipping Service Centre. The centre, formed under the direction of the Ministry of Communications, the General Customs Office and the Shanghai municipal
      Reuters  -  180 words
    • Article, Illustration
      Lock icon Jurong delivers its biggest in-house designed tanker
      300 29  -  By Conrad Raj [SINGAPORE] Jurong Shipyard Ltd yesterday delivered the largest tanker designed in-house in Singapore. The US$3O million (Sssl million), 30,000 dwt tanker is for Singapore-based Odyssey Maritime (Pte) Ltd, a company one-third owned by hotelier/businessman Ong Beng Seng's father-in-law Peter Fu
      SIEW YAW HOONG  -  300 words
    • Article, Illustration
      Lock icon Asian recovery crucial for CT9
      633 30  -  NEW HK TERMINAL Planned terminal could face problems of overcapacity if the region's recovery takes longer than expected By 1 Tan Ee Lyn Reuters [HONGKONG] HONGKONG'S planned new Container Terminal Nine (CT9) will allow the territory to capitalise on Asia's recovery in the early 2000s
      Reuters; FILE PHOTO  -  633 words
    • Article
      SHIPPING SCHEDULES INDEX
      234 30 PACE Danveron 4 ACL 9 De'm« 4 ANL 3 Ojak Lloyd 9 tt Accord 8 Dongnama 3 Appenstrip 5 ECL 5 Astro 3 Ewgreen 6 Austral 9 FoongSun 8 BSA 7 G Link 4 Bayswater 6 Gemartrans 8 B'tang Mas 8 Genshpg 9 CCNI 7 H« Son
      234 words
    • Article
      SHIPPING GUIDE
      24524 38 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Nam* Number Number SIN Oest'n Name Name Number Number aMHMMMHMMRMMnMMMHMMMMMMMMMMMNMMMMii MaNMHMHMHHNMHMNMHBMaMHaMMHMBMHiMnMHMHMM 01/09 26/09 Evergreen GOLDEN 8-062W 65 M2H11 A 01/09 24/09 Triestino EVER GOLDEN 0228-062W 65-*****J5 To ABIDJAN (ABJ) 2003
      24,524 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        702 43 Vtsm Voy No Nfth Arrival 0«pTtur> Armada Satya PY225 *JT7 alongside 20.09/0500 Bt FisUna 1AIIC98 J01 alongside 19 08/2300 Bt JO Raftmao 0)0898 J01 alongside 20 08/0800 Bt Lesteri I *****8 XI alongside 20.08/0600 BtlliagaPI 0)0898 JO) alongside 19.08/2359 Bt hrtr* He<j *****8 XI alongside 19.08/1830 Bt Sor
        702 words
      • Article
        CONTAINER SCHEDULES
        1629 43 RECEIVING Of EXPORT FCL CONTAINERS AND LCI CARGO Boofcbq/blMc* Rstls Ship Voy Mo Etb/Ptr Portod From To From Wr ooti 21/1*00 M n/Hoo 8/1*59 nmoc 25SS IV M «/«<» 20SS io/0 M 8/itoo 20/0*59 20/croc 20/0700 20/189 20/1400 20/1200 20/14)9 20/7700 vtT00 mmoo 8/1*59 *n*jc yvx. 8/1*59 8/800
        1,629 words
      • Article
        GLOBAL HOLIDAYS
        189 43 Auf 3L Luxembourg: Luxembourg City Kermesse. Malaysia: National Day. United Kingdom: Summer Bank Holiday. Sap 7 Canada: Labour Day. Hong Kong: Day following Midautumn Festival. United States: Labour Day. Bap 15 Japan: Respect of the Aged Day. hpN Mexico: Independence Day. Stop 23 Japan: Autumnal Equinox Day. Sap
        189 words
      • Article
        COCKETT BUNKER MARKET REPORT
        848 43 THIS report compiled by Cockett Marine Oil Ltd. shows price range* in US dollars instead of single price* for a more comprehensive description of the market Prices shown are based on average-tixed stem Market movement* are Indicated The Cockett Bunker Price Index change and the individual
        848 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        435 43 c180 MM 992.0 0.1 19.9 0.10 72 0.07 Anf 13 Density Water Ask Aluminium Mlmtflt No abow £25 3 0 8 0 0 0 u/m 380 Aw 987.0 0J 15.8 0.08 29 0.04 Iim 380 MM 992.3 0.9 197 0.11 111 028 %M/W mt m** No
        435 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon BA will sell airport slots despite EC objections
        668 44 British carrier will defy European Commission as long as it gets nod from UK govt Bloomberg [LONDON] A top British Airways pic executive said the airline would sell landing slots at London airports over the objections of European Commission regulators, even at
        Bloomberg  -  668 words
      • Article
        Lock icon Delta pilots reject airline's alliance with United
        272 44 Bloomberg [ATLANTA] Delta Air Lines Inc pilots said they will not approve the airline's proposed alliance with UAL Corp's United Airlines following a decision to deny them a voting seat on Delta's board. The pilots union said it stopped studying the alliance and
        Bloomberg  -  272 words
      • Article
        Lock icon Major US airlines raise domestic leisure fares by 4%
        421 44 Northwest initiates move, reversing recent stance Bloomberg [ST PAUL, Minnesota] Major US airlines increased fares for domestic leisure travel by 4 per cent after Northwest Airlines Corp initiated a boost, reversing its recent stance against a boost. Northwest's move follows six
        Bloomberg  -  421 words
      • Article, Illustration
        Lock icon Next generation intelligent car
        68 44 [TOKY O] Nissan Motor Company displaying its newly developed "ITS CAR 2001-i "—a next generation concept car that incorporates Intelligent Transport System (ITS) technology yesterday. The console is capable of creating a driving environment that satisfies the diverse needs of the driver and passengers as they
        REUTERS  -  68 words
      • Article
        Lock icon Continental jet hits turbulence, 12 hurt
        296 44 Reuters [HOUSTON] Turbulence rocked a Continental Airlines Inc flight on Monday evening, sending 10 passengers and two flight attendants to a hospital for minor injuries, the airline said. It was at least the third serious incident of turbulence aboard a US jetliner in 11
        Reuters  -  296 words
      • Article
        Lock icon Indian airline sector must not be hurt by new entrants
        309 44 Reuters [BANGALORE] Indian Civil Aviation Minister Ananth Kumar said the government would have to ensure that the creation of new private airlines did not affect the health of the sector. "I have to take care not to make the entire
        Reuters  -  309 words
      • Article, Illustration
        Lock icon Garuda losing 3b rupiah daily; blames low fares
        277 44 AFP [JAKARTA] The national flag carrier PT Garuda Indonesia is losing three billion rupiah (about *****,000) per day because of sluggish demand and low airfares, a newspaper said yesterday. Garuda president Robby Djohan said the airline needed to raise domestic flight fares
        AFP  -  277 words
      • Article, Illustration
        Lock icon FAA gives nod to B737-600
        133 44 Reuters [SEATTLE] Boeing Co said on Tuesday the Federal Aviation Administration (FAA) has granted type certification to the Boeing Next-Genera-tion 737-600 commercial airliner. The company said it launched its Next-Generation programme in 1995 when Scandinavian Airlines Sys- tem placed an order for 41 jetliners. Deliveries
        Reuters; FILE PHOTO  -  133 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1791 44 OTT FUCHT ITA fUGHT CTP LH778 1610 Of 05 2235 MHiMl 8*7381 1930 8*7382 2055 N***** 1610 LH6373 2350 0FS1 1930 Of82 2055 S***** 1610 $026 2350 $0229 2220 OfOi 1845 LH779 2359 K1843 0450 KU38 2300 IU4579 2359 5023 0710 S024 2320 *****6 2359 *****
        1,791 words
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      23 29 Asian recovery crucial for Hongkong's CT9 Planned terminal could face problems of overcapacity if the region's recovery takes longer than expected. Page 2
      23 words
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      Page 29 Advertisements Column 2
      366 29 Access the Southeast Bk_ Asian market. ■PiPpS! Workßoat Singapore. ~V i -i l l &KMOU. fl ver the course of its year history, the International Workßoat Show WA/ew Orleans has shaped v the North American commercial marine market, bringing buyers and sellers together for the industry's premier event. Now, with
      366 words
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      Page 29 Advertisements Column 3
      25 29 BA will sell airport slots despite EC objections British carrier will defy European Commission as long as it gets nod from UK govt. Back Page
      25 words
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      571 30 jSUPER SHUTTLE EXPRESB [QULF KARACHI EXPRESS KHOQ S wtm m sm nssn |m |mu i 1 tup Ihm I Iwg I 00Q CALIFORNIA NWS J! 05/N23/N 000 HONGKONG 27W532 12/01 M/N PtO NEDUOYD OAHRAM 051 M/N 07/ M 07/N M/M 14/ M 11/ M 22/N 23/N SSSUJ "Z *Z n»rnum«m
      571 words
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      Page 30 Advertisements Column 2
      90 30 A SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAW POWTS Hong Mam 4 All ftjg Pwfr iivmy THUR a sun vittm vtsstl VOY ETD SIM ETA TYO ETA KOI ETA YOU {TANGO ETAOSA NOL DIAMOND V.OTlil
      90 words
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      Page 30 Advertisements Column 3
      563 30 CONTAINERS'CONVENnONAL CARGO ACCEPTING ON DIRECT SAILING TO MALE eta pkl eta sin eta male Princess Lily V 0398 19KB 17/08 2MB Princess Lily V 0498 07/09 O£K» 1M» LILY MARINE SERVICES SINGAPORE IW3M7tM/SSBBBMPuiSS47N« SCANCHART AGENCIES SDN BHD TEL* (98) *****99 Vmxt (09) *****99 JXPORT 3 x Jopon -2 x Hongkong
      563 words
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      1064 31 SAX SERVICE (DIRECT) Ivissa vov swra iax oak o*l hou cm cot s®* tfIKMMAUi 01* 26/08 10/09 14/09 14/09 15/09 14/09 15/09 15/09 14/09 14/09 BB ~oosi ***** 17/09 21/09 21/09 22/09 21/09 22/09 22/09 23/09 23/09 AftGMBCT 0051 09/09 24/09 20/09 28/09 29/09 28/09 29/09 29/09 30/09 30/09 nsm
      1,064 words
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      Page 31 Advertisements Column 2
      2249 31 HANJIN SHIPPING HAMJIW ft) ETI ITO Imp //mm. kMjM am tOOONG *****35 737 SAUS 37*0724 731 DOOMBIT 33*0771 774 OPEIATWRS 32*0241 757 MAIN Utf *****55 FAX 722ff*0 CI NO **********0* TO NW USA CANADA USA CANADA* MM SM UMHAIA/VOY m KW I M I KI MV PfT DTT MB Wt
      2,249 words
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      Page 31 Advertisements Column 3
      363 31 VESSEL VOY_ _SJM_ PK6 VOY SM HKG HE USN PUS |VPSa I VOT PK6 IvKffl VQY I SIM I JKT I MT( HONGKONG OOSS 73/00 25/01 005* 24/00 30/00 01/00 03/00 04/00 I I tt/'OO I QM* l»IT( ULWI Ilift 15$ I 00' M I «MT( PUSAN HIS 21/00 04/00
      363 words
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      1371 32 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEPrTERRANEANCANADA WB VQY |sw LEH I HTM IWW HAW OBV FU VtSStl VOY MX JH) «T OT TO WJ MTW TRADE SEIEME WQC37 21 K 1100 12 00 10 00 11M 1100 PALERMO SENATOR WHM37 20 Ot 31 Oi MM MM ItM 12 H
      1,371 words
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      Page 32 Advertisements Column 2
      993 32 MW COffTB LINES, WG P. GUOANG: (07) *****28 S?HsF g*mmr SJS^^^So MOW: (81) *****3 KUCttNQ (082) *****1-3 XINGANC PENAN6 MV "KOTA HADIAH" V.HIAI6S Mv MCC VANT4r ETA SIN: 22/08/98 MV MCC VANTAGE V.8051 ETA SIN: 24/08/98 HAIPHONG CANADA MV "MEUNH" V.E3198 MV "HANJIN HONGKONG" V.073E ETA SIN: 22/08/98 ETA SIN:
      993 words
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      Page 32 Advertisements Column 3
      455 32 LINE BS? A Tuiniuuiuiuiiiii MUARA 1 1 LABUAN vtssa vor no ru vtssa vor n» m STOKE MUAIA STOCf LM AfIttGUXY V2II/W 21/ M 24/ M *mOO«T Wit/* 21/ M 25/00 JJVOSKR WII/M 25/01 21/ M 1 PtOSPB VJII/M 25/01 29/ M Aft*GLORY Y221/M 31/ M 03/09 VHLOOtT VW/M Sl/W
      455 words
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      Page 33 Advertisements Column 1
      1326 33 [VESSEL VOY SIN PQU PKQ PEW PQfl PUB SHJ BA I BIK IRAN TAKHTI PJL 1300 19/08 27/08 28/08 28/08 29/08 IRAN TEYFOURI PJL 1302 22/08 30/08 31/08 31/08 01/09 IRAN VAHDAT PJL 1299 03/09 14/09 IRAN MATIN PJL 1308 20/09 28/09 29/09 29/09 30/09 PQB» Mini Qaboos. DUB Dubai.
      1,326 words
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      Page 33 Advertisements Column 2
      1703 33 DIRECT TO ISRAEL 1 IN 13 DAYS I EVERY THURSDAY J I UHMMttCOn ITft IfclJ»l9M F/UtJMMM «HW«D(I/l) 4205M2 JOHOtEOFFICE: a" "l7«wiooe "jB/wcs 4205M1/41 Man wn (0/0) 4MS7BS COSTAR AGENCIES (M) SDN BHD TIL 02-07-35 31m EAX 02-07-*****70 SS'ak. "J" FW* i.l UST CMST/ISMA SKST" 31/01 TDK HE,™* I W/M I
      1,703 words
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      Page 33 Advertisements Column 3
      533 33 EASTERN CAR LINER, LTD/^S^'T' |ii Eg. (SINGAPORE) PTE LTD 1 SPEOAIIZE IN RORO HEAVY UFT UPTO 122 TOWS ECI (SiNGAFOKE) FTC UD LOADING FOR MANILA/SUBIC BAY/HO CHI MINH BONTANG MV "FORTUNE EPOCH" V.22 MV -©OLD ME NAM" V.17 ETA SIN 19/08/98 ETA MNI 24/08/98 ETA SUBIC BAY 25/08/98 ETA HOCH
      533 words
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      Page 34 Advertisements Column 1
      1657 34 EUROPEAJK/SCAMPIMAVIA/FINLAKO/RUSSIA I rsBPl BOM ANW HW THP 2EE LMV I LMV THP ROM ANW HBG PKL (IgT" ■i. DMMONO RW-001 25*0 11*9 18*8 13/09 14AM 15/09 17/09 E. GARLAND RE454 26/07 25/07 21/07 29/07 22*1 I. DELUXE RW-M4 30AM 11*1 22*9 19*9 21*1 22*9 23/09 E GLOWING REO4S 01/08 03*8
      1,657 words
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      Page 34 Advertisements Column 2
      389 34 ffa> NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vessei I VOT s« KU PU» err I b/bat mnAIWINCBS EO23S 2VM 07/09 11/01 jjjWMjjjEß VOWS 31/08 09/09 13/09 It/09 21/09 (UMUIDtAGOH VOOK 07/09 17/09 21/09 24/09 jjjjjjUFgg VO24S IS/09 ?9/09 03/10 HAMUI VENUS V.029S 23/09 02/10 04/10 11/10 14/10
      389 words
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      Page 35 Advertisements Column 1
      432 35 'Mft MYANMA FIVE STAR UNE (Myoanar Notional lino) Loading for Yaagoi (Rangoon) vissn voy sin pki rw row smwi am sib pathem ISOW SU) MAUYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL m (03)*****00 MO: Ttt (03) 3764)01 PIN: TH (04) *****02 PGU: m (07)*****21/4 BANK LINE (A Mrvk* ol Andrew Wtif
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      Page 35 Advertisements Column 2
      1129 35 HYUNDAI MERCHANT MARINE CO., LTD. ivissa voy Fsm* sou uh m ant ham BRvrfs~l IVESsa vorl sou Ii«Im I mi 1 mj. I I■ ru NY COMMOOORE 314W 20/01 07/09 12/09 09/09 10/09 THAMES S49f 27/07 "T~ oTToi ***** 5757 ~T" mTS MM 522W 21/00 11/09 12/01 04/09 01/09 MX
      1,129 words
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      Page 35 Advertisements Column 3
      999 35 Wilhelmsen Unes TO NORTH AND UTIN AMERICA *RORO HIAVYUFT SIRVKE* IVESSEL VQY RAMP HbOHT SIN LAX CRL FB SAV Ml Otf NTC NEW MOO [TAMPA F417 400 TOM 6.3 M 27/01 22/09 01/10 04/10 04/10 M/ 10 09/10 10/10 IS/10 17/10 TAIAMT FSIS 4001 ms 6.3 M 10/09 10/10 19/10
      999 words
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  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      1863 36 BANGKOK/ MAP TA PHUT/ LAEM CHABANQI JAKARTA/PAN JANQ VESSEL w sin bkk mtp lch vessel voy SIN JKT PJNXETHA BHUM 24«N "ln~Pt~ 23AM GURU BHUM 91SB ~n Pt 23/08~ MATHU BHUM 377N 22/06 26/06 DEJA BHUM 761S 22/06 26/06 RATHA BHUM 27N 22/06 26/06 25/06 TRANSCORD 001 22/06 25/06 ACX
      1,863 words
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      Page 36 Advertisements Column 2
      34 36 LNS EXPRESS (S) PTE LTD Blk 217 Henderson Road, #01-04 Henderson Industrial Park, Singapore *****5. CR NO: **********0/H Air-Sea International Freight Forwarders MANILA I Also accepting Heavy Lift t Tel: 65-276 7996 Fax:6s-276 3740
      34 words
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      400 37 ffeKSaii INDONESIA NATIONAL LINE TO EUROPE "j EXPRESS SEMI-CONTAINERISED SERVICE m VQY DAM/H MM IH BUBG I IWtMtiT MITWfRP A VESSEL 20/18 25/10 OMIT 05/11 TO AUSTRALIA 1 FULL COWPMNgR SERVICE Wt VQY I fafl ffll I UK CTP B IK Ausnmwwbithwwi m ttmnm am o*w trim iw API IVORY
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      Page 37 Advertisements Column 2
      308 37 ADVANCE CONTAINER LINES (PTE) LTD Apl J 140 Cecil Street, #12-00, PIL Building, Singapore *****0 HVL TEL: *****21 FAX: *****19, TELEX: RS ***** ACLPL CRNO. **********0E OUR NEXT DESTINATION CALCUTTA —HALDIA CALCUTTA I* HALDIA COMMENCING J BTH SEPTEMBER 1998 MV M REGINA VOYAGE RGAO6S AT 6 DAYS INTERVAL FOR BOOKINGS,
      308 words
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      Page 37 Advertisements Column 3
      823 37 VESSELS VOY JED MLA LEH HAM TUP RTM ZEE W-Lf D'AQUARIUS UZ7W 25/08 02/06 07/09 13/09 15/09 16/09 17/09 18/09 W-lEpe AWTARES L27W 01/09 Mg 14/09 21/09 22/09 24/09 25/09 26/09 W-LEOE VIRGO SS7>N 17/09 21/09 26/09 28/09 30/09 3(y09 01/10 |VrtLLEOEVELA N27W 15/09 23T09 26/08 WlO 06/10 07/10 07/10
      823 words
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      49 39 Dial 740-6000 on demand] —(Retrieve more schedules!) Press "1" CT Jk\ Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number STBpTjEnter your phone number Another innovative service offered by The document Will be Shipping Times s JL/t^3^L
      49 words
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  • Page 41 Advertisements
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      Page 41 Advertisements Column 1
      50 41 Vaul STe£| Dial 740-6000 on demand 1 —(Retrieve more schedules!) Press m V Select the port and key in the four digit code —eg: To New York (NYQ 2275 Key in your fax number your phone number Another innovative service offered by The document Will be SmPPINGTIMES 2121 <522 SJS2L
      50 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      75 43 LEGEND: R Thunderstorm T emperoture c 7. ST" Wea,h,r cf < rtc,,on ip d ,n knott Cloudy Sky Wov# height Wfoc. wind, or. indicated by orrows Hy wrth the wind U°Z m It' ePfeSen,i nd VOn We W°" b- 5 knot* 0™»..03 C#n,re Tfootcal D«pfMi,on, immimh n d ipeedi 22
      75 words
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