The Business Times, 23 June 1998

Microfilm: NL21197
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    20 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c S I N G A P O R-E Internet: http://www.asial.com.sg/biztimes TUESDAY, JUNE 23, 1998
    20 words
  • Article
    MERKET SUMMARY
    65 1 r inn IJMIUI (-24.48) ass»m nBTOOHP MoT* (-25.55) nsritt kJ 57*30 (-7.26) nUIXETMOODt EfllCnd STOCK KAHET INDICES Monday Chance 4C7.«i -18.W NIKKEI 1MW.09 +41.11 HANG SEND ***** -M7.?« SET INDEX !?fcJ§ -8.41 JAKARTA COUP 420.6S -179 MANILA COMP _tf89.«9 52.02 TAIPEI WPI 7,***** -lit* SEOUL COMP >1117, -4.48
    65 words
  • Article
    FINANCE
    73 1 F0BEI1ATES ust ss 0St 1.661 £(US$/S# per LM4 1748 Ml 1.798 0.918 YEN—, I38i 1.1 W SX ISM 0.418 RIB, 7.711 0213 BAfflT 4IM MM BUFMH 1MM Mil* *a$toMwnlU PRIME KATES SINGAPORE* 7M KUALA LUMPUR 11.60 JAKARTA .2800 BANGKOK 14.75 MANILA 22.90 flONOKONG 10.25 TAIPEI 8JO SYDNEY .8.46 TOKYO.
    73 words
  • Article, Illustration
    Lock icon HK$32b package to jump-start HK economy
    1028 1  -  Land sales suspended immediately, govt to ran budget deficit From. Loh Hui Yin in Hongkong THE Hongkong government has jettisoned two sacred cows no budget deficit and boosting land supply in a HK$32 billion (Ss6.B billion) package to revive the contracting economy. Chief executive
    AFP  -  1,028 words
  • Article, Illustration
    Lock icon Asian currencies, stocks retreat as yen falls 3%
    463 1  -  Fresh setback triggered by G7*s inaction on the yen By] Larry Wee, Wong Wei Kong [SINGAPORE] Regional share prices fell and currencies went into reverse once again yesterday as the yen fell 3 per cent following the failure of a weekend meeting
    Source: Bloomberg  -  463 words
  • Article
    Indonesia, here we come
    348 1  -  Weak rupiah is drawing travellers from Singapore By. Ang Wan May [SINGAPORE] Indonesia was the hottest destination last year for travellers from Singapore excluding trips to Malaysia, three out of four air or sea departures from here were Indonesia-bound. Figures from the National Association of Travel
    348 words
  • Article, Illustration
    Lock icon LDP sets July 8 date for 'total' plan to rescue banking system
    849 1  -  BOJ pomps It yen into money market to keep LTCB afloat From, Anthony Rowley in Tokyo THE ruling Liberal Democratic Party (LDP) yesterday promised to come up by July 8 with a "total plan" for solving Japan's now
    AFP  -  849 words
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      142 1 DVSDE The government's offbudget efforts to boost domestic demand will have limited impact, say economists, Pf 2 '£*.£s? *^vV 5P Catdung up with time The Asian financial crisis has finally caught up with luxury watch retailer The Hour Glass, which reported its first interim loss in years, Pgl* uv <;'•
      142 words
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      Page 1 Advertisements Column 2
      70 1 HK won't ease 70% mortgage ceiling, Pg 8 ■nBHBDHBIIIB H IW, I Serving the Latest Culinary Style New Asia Cuisine,. an Exotic Blend of Western Cooking tf ;i ikr 8 *3 BV I A fe% mlj Jf Hunan Sichuan 2|c skaugr i JkJt A Al BS ■i> #i| jLI Specialities.
      70 words
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      Page 1 Advertisements Column 3
      9 1 LTCB not having trouble with ops: watchdog, Pg 18
      9 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Boosting domestic demand will have limited impact: economists
      417 2  -  Secession unavoidable if economic conditions don't improve By. Audrey Tan SINGAPORE is unlikely to escape a recession this year if economic conditions do not improve, as efforts to stimulate domestic demand will have limited impact, economists said. Most expect the government's off-budget
      417 words
    • Article
      Lock icon Kumar brothers cleared of three charges of graft
      355 2 They still face attempted cheating, corruption charges The Straits Times THE Kumar brothers Asok Kumar and Raj Kumar Naraindas were yesterday cleared of three corruption charges involving a total of $2 million, as well as alternative charges of cheating and criminal breach
      The Straits Times  -  355 words
    • Article
      Lock icon Court allows case against Knight to proceed
      443 2 The Straits Times THE district court has allowed the prosecution to proceed with its case of funds misappropriation against former Commercial AfEairs Department (CAD) director Glenn Knight District Judge See Kee Oon yesterday ruled that the immunity obtained by Knight in 1991 did
      The Straits Times  -  443 words
    • Article, Illustration
      Lock icon Motorola offering golden handshakes to 380 employees
      430 2  -  Voluntary scheme gives takers np to two months' pay for each year of service By] David Boey MOTOROLA Electronics Pte Ltd, the Singapore arm of US telecommunications giant Motorola Inc, yesterday announced that 380 or 9 per cent of its employees will be
      ARTHUR LEE  -  430 words
    • Article
      Sinsin Food to consolidate, go for European focus
      672 2  -  Sauce maker says overseas markets have 'huge potential' By] Kau Yi Kang HIT by poorer sales in Asia because of the economic downturn, homegrown sauce company Sinsin Food Industries Pte Ltd has set its sights on Europe as it consolidates its operations
      672 words
    • Article
      Projected growth drops to 1.2%
      325 2  -  EYE ON THE ECONOMY Forecast Byi Andrey Tan THE average private sector forecast of Singapore's economic growth this year has fallen to 1.2 per cent— less than half the estimate two months ago, the latest survey by Consensus Economics shows. The projections now range from
      325 words
    • Article, Illustration
      Lock icon Ad spending down 4% in Q1 if not for telecoms firms' blitz
      511 2  -  Retailers slash spending by 20%, developers by 35% By Frances Lui MEDIA spending usually a strong economic indicator showed no decline in the first quarter, thanks to an advertising blitz by the telecommunications industry. The hardsell by mobile
      FILE PHOTO  -  511 words
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      271 3 t v VYachts that Bruce Farr designs X. < ihave an uncanny habit of fl J fl f finishing first. Before that, k ~V~- ;r' >l|§|Skt: $Hr® I^M/ jflH V Vs however, they have one minor 1 obstacle to surmount; they have to get around the course. A course that
      271 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Will FCC unload some assets?
      710 4  -  THE PROPERTY COLUMN It is no secret the company is in a tight financial squeeze with analysts forecasting an 83% profit plunge By Lee Han Shih Exactly one week from today, listed First Capital Corporation will have made it through the most difficult financial year
      710 words
    • Article, Illustration
      Lock icon Property magazine for the really, really rich
      616 4 Pinnacle sends out free copies only to the wealthiest one per cent of households in the US [HARTFORD, Connecticut] This is a story about really, really, really rich people. Oh, and the poor slobs like you and me who enjoy reading about them.
      FILE PHOTO  -  616 words
    • Article
      Under the hammer
      852 4 Property auctions coming up TUESDAY, JUNE 23 (12.30pm) Grand Plaza, Ballroom 2 503 Dunman Rd: land, 7j898 sq ft^H* Rd: 2-sty bungalow. 20,671 sq ft/FH** 557 Upp Changi Rd: 3-sty semi-D, 4.025 sq M=H** 13SpringteafRise: 2-stysemi-D,3.552sq#FH* 03-02 Chancery Esquire, 8 Chancery Lane: apt 1,291 sq ft/FH* 15-05
      852 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      132 4 Joint Marketing Agents Knight fi£f Tan Kok Eng Frank Property Consultants 228 6894/228 6897 251 7367 5 Property Private Lot A ***** MK 27 Bedok, Changi South Street 2, Singapore Description Part 2-storey and part 8-storey warehouse/factory complex with office (almost completed, subject to TOP) within Changi South Industrial Estate.
      132 words
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      Page 4 Advertisements Column 2
      66 4 Ideal location for Corporate HQ, Office, 7 9 Berrima Road FOR SALE Novotel Orchid Inn vicinity Near to SCGS, SJI ACS 2-Btorey bungalow on elevated corner land plot East and South facing Land area 2,932.2 sq m or 31,562 sq ft Potential for up to 6 bungalows or 7 strata
      66 words
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      Page 4 Advertisements Column 3
      132 4 I CONSERVATION BUILDING FOR SALII Don't miss this golden opportunity to own •magnificent piece of Singapore heritage! Land area: 6,471 sq ft Gross Floor Area: 10,165 sqft Zoning: Commercial; under j« conservation m Tenure: 99 years w.e.f. HnVWltlflM m 10 July 1989 ill f 01 "Z a Good traffic and
      132 words
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      Page 4 Advertisements Column 4
      10 4 The Straits Times Classified I 1 Where buyers oTwheeis. CATS.
      10 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Indonesia faces collapse of social order: World Bank
      747 5  -  50m face poverty, at least 20m expected to lose jobs, leading to higher crime rates From Shoeb Kagda in Jakarta INDONESIA, reeling from an economic and political crisis that has virtually strangled all business activity in the country, is also faced with
      747 words
    • Article
      Lock icon IMF: Thai, Korean recovery may start next year
      281 5 Reuters [SINGAPORE] The International Monetary Fund (IMF) sees the economies of South Korea and Thailand starting to recover next year if the "external environment is supportive", an IMF official said yesterday. But the timing for the rest of Asia remained uncertain and
      Reuters  -  281 words
    • Article
      Lock icon PM Goh, Hashimoto agree on joint support for Indonesia
      267 5 No specific commitments; Japan may give new loans, lower rates AFP [TOKYO] Japanese Prime Minister Ryutaro Hashimoto and Singapore's Prime Minister Goh Chok Tong agreed yesterday on joint support for crisis-hit Indonesia, a foreign ministry official said. Mr Goh telephoned Mr
      AFP  -  267 words
    • Article, Illustration
      Lock icon Standing by their men
      55 5 kj [SEOUL] Values ofHyundai construction union members protesting against mass layoffs in front of the Financial Supervisory Commission building in Seoul yesterday. They wore headbands which read "Let's Defend our Right to Live" and protested against government restructuring. South Korea is speeding up restructuring of its
      REUTERS  -  55 words
    • Article, Illustration
      Lock icon Apec ministers trim liberalisation expectations
      366 5 Asia economic woes, Japan recession overshadow meeting Reuters [KUCHING) Ministers from 18 Pacific Rim countries yesterday opened a trade liberalisation meeting overshadowed by concerns over Asia's economic troubles and Japan's recession. The two-day meeting of the Asia-Pacific Economic Cooperation (Apec) forum had been billed as
      Reuters; AFP  -  366 words
    • Article
      Lock icon S&P reviewing HK credit ratings
      327 5 Bloomberg Reuters [NEW YORK] Hongkong's credit ratings are being reviewed for a possible cut by Standard Poor's Corp. The review "reflects increasing financial sector strain and the growing likelihood of a protracted economic downturn" in Hongkong, the international ratings company said in a statement. Economic
      Bloomberg; Reuters  -  327 words
    • Article
      Lock icon Thailand to offer tax perks for debt restructuring
      136 5 Reuters [BANGKOK] The Thai government said yesterday it would provide tax incentives for banks to speed up their negotiations on debt restructuring with troubled corporate and retail borrowers. Finance Minister Tarrin Nimmanahaeminda told a news conference that the Thai cabinet would be
      Reuters  -  136 words
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      2532 6 Bank Keppel Bank of Singapore Limited (Incorporated in the Republic of Singapore) Notice of Extraordinary General Meeting sssz Bani h d Kepp u ,ed n con, 325 «w»—n«*»«...**... w AS AN ORDINARY RESOLUTION 1. PROPOSED MERGER That, subject to obtaining the sanction of the High Court of the Republic of
      2,532 words
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  • SOUTH-EAST ASIA
    • Article
      Somprasong Land head charged over accounts
      444 7  -  At least 10 listed Thai firms being probed by regulators m crackdown on white-collar crime From Harish Mehta in Bangkok CASH-STRAPPED Thai property developer Somprasong Land has been charged for alleged financial wrongdoing, and investigations are being conducted into at least 10 listed companies
      444 words
    • Article
      Lock icon Mahathir urges Malaysian firms to stay independent
      238 7 SHAHALAM Reuters MALAYSIAN Prime Minister Mahathir Mohamad said yesterday that local firms must try to stay independent and resist the global trend of being merged under giant corporations. Dr Mahathir told a news conference that the current trend of giant multinationals taking over
      Reuters  -  238 words
    • Article, Illustration
      Lock icon Name big borrowers, say M'sian opposition
      346 7 KUALA LUMPUR Dr M pushed to list those who received loans above RM5Om and loan defaulters AFP MALAYSIAN opposition parties yesterday called on the government to name individuals who had received huge bank loans and those who had defaulted. Amidst increasing allegations of cronyism
      AFP  -  346 words
    • Article
      Lock icon Suharto ready to fight charges: report
      375 7 JAKARTA If there is really any wealth, PakHarto said, please it, says lawyer AFP INDONESIA'S former president Suharto will not remain silent and is prepared to fight in court charges that he amassed a fortune during his 32-year rule, a report said yesterday. "If
      AFP  -  375 words
    • Article
      Lock icon Farmers gear up for mass rally in Bangkok this week
      246 7 BANGKOK Reuters THAI farmers said yesterday they were pressing ahead with plans for a mass rally in Bangkok this week, despite government calls for the demonstration to be cancelled. The farmers have threatened to bring parts of the capital to
      Reuters  -  246 words
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      472 7 >I'P bn6 ft TAT LEE BANK LIMITED ANNOUNCEMENT PROPOSED MERGER BETWEEN TAT LEE BANK LIMITED ("TLB") AND KEPPEL BANK OF SINGAPORE LIMITED ("KB") The Directors of TLB wish to announce that the Scheme Document relating to, inter alia, the Scheme of Arrangement under section 210 of the Companies Act (Chapter
      472 words
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      Page 7 Advertisements Column 2
      1092 7 ■it Jb jrign o'■ Y IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE 1 Originating Summons Number 685 of 1998 In the Matter of TAT LEE BANK LIMITED (RC No. *****2057R) And In the Matter of THE COMPANIES ACT, CHAPTER 50 (REVISED EDITION 1994) SCHEME Of ARRANGEMENT under Section
      1,092 words
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      Page 7 Advertisements Column 3
      996 7 W) f £*i m n TAT LEE BANK LIMITED NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Tat Lee Bank Limited (TLB") will be held at 7th Floor, TLB Tampines Centre, 31 Tampines Avenue 4, Singapore *****0 on 15 July 1998 at 3.30
      996 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon China shuts down troubled bank, ailing investment firm
      532 8 SHANGHAI Twin steps taken to pnt shaky financial sector in order, say officials Reuters CHINA took aim at the rot in its financial sector yesterday by shutting down a troubled bank and an ailing but wellconnected investment company. In a twin move
      Reuters  -  532 words
    • Article
      GM signs US$230m deal to revamp China joint venture
      321 8  -  From. Peter Seidlitz, David Murphy in Beijing US CAR giant General Motors yesterday signed a US$23O million (*****.4 million) agreement to revamp its joint venture with First Auto Works (FAW)-Jinbei Automotive Co that will make pick-up trucks and sports utility vehicles.
      321 words
    • Article
      Lock icon China has huge Me emperors' market: survey
      269 8 BEIJING AFP CHINA'S "little emperors" the doted-on products of the country's one-child family planning policy dominate urban family spending, a survey in the official China Daily showed yesterday. Spending on 5.21 million only-children aged 12 and below in Beijing, Shanghai, Guangzhou, Chengdu and
      AFP  -  269 words
    • Article, Illustration
      Lock icon Clinton wants broader ties with China
      496 8 WASHINGTON Trip seen heavier on symbolism than on substance Bloomberg AFP PRESIDENT Bill Clinton said the US can't afford to isolate China and he'll use his visit there this week to broaden ties to include development of modern financial markets that might usher China
      Bloomberg; AFP  -  496 words
    • Article
      Lock icon HK won't ease 70% mortgage ceiling says HKMA chief
      333 8 HONGKONG AFX-Asia THE Hong Kong Monetary Authority will not relax its restriction that banks lend no more than 70 per cent of the value of a property in retail mortgages, the South China Morning Post reported. The newspaper quoted HKMA chief
      AFX-Asia  -  333 words
    • Article
      Lock icon China gives out tax breaks to lift sagging exports
      387 8 BEIJING Move affirms pledge by Bering not to devalue the yuan Reuters CHINA yesterday backed up its pledge not to devalue the yuan by announcing tax breaks for exporters to boost its sagging exports. Foreign Trade Minister Shi Guangsheng, in a
      Reuters  -  387 words
    • Article
      Lock icon Taiwan export orders fall for third month
      219 8 TAIPEI Bloomberg TAIWAN export orders fell year-on-year for a third month in May, as orders from the US declined for the first time in nine months. Export orders last month climbed to US$lO.O4 billion (5116.5 billion), up 0.3 per cent from US$lO.Ol billion
      Bloomberg  -  219 words
    • SINOBriefs
      • Article
        Lock icon Taiwan, China oar industry execs meet
        88 8 Reuters [TAIPEI] Taiwan's vehicle industry association said yesterday it would hold a joint seminar with its mainland China counterpart tomorrow in Beijing, to strengthen bilateral ties and cooperation. The Taiwan Transportation Vehicle Manufacturers' Association said more than 180 car industry executives from the two
        Reuters  -  88 words
      • Article
        Lock icon Chinese farm subsidies to top 6b yuan
        68 8 Bloomberg [HONGKONG] The Chinese government plans to raise farming subsidies to more than 6 billion yuan (Stl.2 billion) to boost agricultural output the China Daily reported, citing unnamed sources at China's Ministry of Agriculture and the State Council's Office for Agricultural Comprehensive Development.
        Bloomberg  -  68 words
      • Article
        Lock icon Beijing increases road building funds
        83 8 AFX-Asia [BEIJING] The government will boost investments In road construction by one third thin year, spending 40 billion yuan (517.9 billion) more than originally budgeted, Xinhua quoted Communications Minister Huang Zhendong as saying. "China's state council made the important decision to accelerate the pace of
        AFX-Asia  -  83 words
      • Article
        Lock icon Taiwan drills ahead of Clinton tour
        70 8 AFP [TAIPEI] Taiwan is to hold nationwide air-raid drills ahead of US President Bill Clinton's arrival in Beijing oil Thursday, the air force said yesterday. The drills, to be held today, are "to test the function of the alarm system", the statement said. China
        AFP  -  70 words
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  • ASIA
    • Article
      Lock icon Seoul to sell up to 33% of Korea Telecom abroad
      477 9 SEOUL Move could raise USs2.4b; Asia's 2nd largest share sale outside Japan sparks L 4% fall on bourse Bloomberg SOUTH Korea said it will sell as much as a third of its biggest telephone company to foreign investors in a
      Bloomberg  -  477 words
    • Article, Illustration
      Lock icon Wrapped in tradition
      54 9 [TOKYO] Young Japanese girls on Sunday showing off the latest yukata dresses, the casual kimonos made of cotton for the summer, at a Tokyo department store's kimono promotion. The use of traditional dress in Japanese daily life has dwindled in popularity as it is seen as unpractical
      AFP  -  54 words
    • Article
      Lock icon Indian economy will worsen unless govt acts: analysts
      296 9 mBOMBAY AFP INDIA'S economy will deteriorate unless the government moves quickly to restore international confidence following global outrage over last month's nuclear tests, analysts warned yesterday. The warning came as Indian stocks and the currency dived yesterday after Moody's Investors Service lowered
      AFP  -  296 words
    • Article
      Lock icon Aussie businesses support govt tax reform
      252 9 CANBERRA Bloomberg AUSTRALIA'S top business groups have banded together to support government plans to reform the country's taxation system. The government is expected to introduce a consumption tax on goods and services a proposal widely seen as having cost the present conservative coalition victory
      Bloomberg  -  252 words
    • Article
      Lock icon India's nuke power deal with Russia breaks its isolation
      294 9 NEWDELHI Reuters INDIA yesterday savoured a deal with Russia to build the subcontinent's first large nuclear power stations, a move analysts said opened a breach in the show of international unity against India's nuclear tests. Indian experts and officials said Russia's
      Reuters  -  294 words
    • Article
      India opens up housing sector
      469 9  -  Reforms could attract billions of dollars from abroad From Rajendra Bajpai in New Delhi INDIA has changed its rules on housing and urban development, throwing open the sector to private investors in a move that could attract billions of dollars in overseas investments. Minister for
      469 words
    • Article, Illustration
      Lock icon No deal on land rights: Canberra
      494 9 CANBERRA Govt not prepared for major changes to avoid a snap poll Reuters THE Australian government moved yesterday to dampen speculation that a deal may be done on its Aboriginal land rights bill to avert the need for a snap election to push it
      Reuters  -  494 words
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      39 9 ON SALE NOW SPECIAL ISSUE pWM^ggl I qqqqqq33DBSSSB3ESHHHIHHHEDSBBB9BBOEHBSB^^B mgk\ II t! jfejML T c ||sjB|| 33m M «S -jer I rf -p| IS6 i P* In I^|B zz UtMSMSmKMMm A Division ofTktMcGrmw Hill Companies Most Read. Best Read. Worldwide.
      39 words
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  • THE WORLD
    • Article
      Lock icon Wealth of Asia's richest down by a third: Forbes
      431 10 BANGKOK Bloomberg ASIA'S billionaires lost about a third of their wealth the past year, according to Forbes magazine, as even the region's business elite was hammered by currency devaluations, recessions and the bursting of property bubbles. Asia posted 32 billionaires on
      Bloomberg  -  431 words
    • Article
      Lock icon Opec producers urged to agree to deeper cuts
      502 10 VIENNA Kuwait calls for members to surprise market in bid to tackle weak prices Reuters OPEC oil producers alarmed by a revenue collapse were urged yesterday to administer shock therapy to sickly prices by agreeing to larger-than-expected production cuts at a gathering
      Reuters  -  502 words
    • Article
      Lock icon Russia objects to IMF conditions for US$15b loan
      329 10 MOSCOW Bloomberg Reuters RUSSIA'S government, about to begin talks with the International Monetary Fund for an IMF-led loan of as much as US$l5 billion (5524.7 billion) to support the rouble, took issue yesterday with the demands attached to the financing. "Not all
      Bloomberg; Reuters  -  329 words
    • WORLDWatch
      • Article
        Lock icon OECD sees members' jobless rate at 7%
        74 10 Bloomberg [PARIS] Unemployment in the world's richest countries will barely decline this year and next as growth slows in many countries and impediments to hiring remain, the Organisation for Economic Cooperation and Development said. The OECD said the unemployment rate among its 29
        Bloomberg  -  74 words
      • Article
        Lock icon EU approves WorldCom-MCI deal
        72 10 Bloomberg [BRUSSELS] European Union regulators agreed to approve World Com Inc's proposed U5543.7 billion (5172.1 billion) purchase of MCI Communications Corp after MCI addressed all remaining questions about its offer to sell its Internet business, a European Commission spokesman said. "Everything has been addressed," said Stefan
        Bloomberg  -  72 words
      • Article
        Lock icon S Africa denies weapon deal with Libya
        79 10 AFP [PRETORIA] South Africa yesterday denied a British newspaper report that it had concluded a secret US$5OO million (*****.8 million) deal to supply Libya with weapons and military spare parts in exchange for cut-price oil. The Sunday Telegraph said the deal had been
        AFP  -  79 words
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      35 10 SUNDAY SERIES ON THE WORLD CUP '98 NEW PAPER I I For th© latest/ most occurotc I ZAgu, > HH WMHIHiHBHHBHHHHHMHHHHHHHBPIWWHSHPmBHBHHHHHHHBIIIHHHIIV I AT. d Ki Its' E I II I .'y. m 1 r" s' vvi
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  • EDITORIAL & OPINION
    • Article, Illustration
      G-7 meeting a sideshow in Asian crisis
      796 11  -  THE BOTTOM LDVE OPINION By Anthony Rowley WHETHER last Saturday's meeting in Tokyo of G-7 deputy finance ministers and their Asia-Pacific counterparts is viewed as a valuable exercise in international cooperation or a cynical exercise in manipulation, it was little more than a
      796 words
    • Article
      IN OTHER WORDS
      131 11 'When somebody's offering you 3.5 times yoip wealth, you can find some rationalisations to alter your thinking* -SunelHajei a professor at Harvard Business School, on why some partners in Goldman Sachs Group, the biggest and richest investment banking partnership, voted to end 129 years as a private
      131 words
    • Article
      China's yuan card
      581 11 EDITORIAL IT looks as if it was Beijing's threat to break its promise and devalue the Chinese yuan that prodded the United States and Japan to act together to bolster the sagging yen Last week's joint intervention in the currency markets to support the yen was the
      581 words
    • Article, Illustration
      Lock icon How long can US boom carry world economy?
      846 11  -  This is a worry as more capital flees West, and the world depends increasingly on US economy By\ Robert Samuelson WE ARE being reminded once again that erratic shifts of global monies called "capital flows" are the curse of the world economy.
      FILE PHOTO  -  846 words
    • Article
      WHAT THE OTHERS SAY
      911 11 Urtnctabto But Timor THE recent attempts by Indonesian President Bacharuddin Habibie to offer what he considers a solution to the East Timor question only serve to emphasise the intractability of the problem. Of all the challenges facing his new presidency, this is likely to prove among
      911 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      28 11 POOHUSBORT By Garry Trudeau I 7DM&L- I s/GNFQNTAOOQHPUSHIk€NIS V CU66? {gA 7jnJ%. B COMB TH£ CLASS OF Q3 H *S^? I TCXXJRCPf**, TKnDWHBM- 1 W/5 A £%e I
      28 words
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      536 12 MS*. ja Mfer iferf--w> w^ Sic': i&P*%'&MBKBE^^^M SIJ RTT .|L JKii ,tw I r V M tr Juifr jj& W/' jfim V* Mm r Si L JfJT IBM*- tfMil y t v i V r I f |if w BHhb j^bsmh^^"' 1 i w fl I *3mamfr~-~. a,, MTllgffiyiihMii w'
      536 words
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  • Page 13 Advertisements
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      203 13 Where to wine, dine and entertain... "^jea i f Featuring New Zealand Rock Oysters, Rock Crabs, Green Mussels, Crayfish and Tiger Prawns on Ice, cooking-on-the-spot of Sauteed Sliced Emu Meat in Black Pepper Sauce, Japanese Sashimi and many more. $22.50 (Adult) $16.50 (Child) Ring 299 9011/298 0011 for reservations. Lunch
      203 words
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      80 13 II femoirtqirass^C^ THAI RESTAURANT Enjoy and savor the perfect combination of our innovative Thai specialties and friendly Hospitality. ill Also at The Heeren shop. Zq,qM IntuuiuiMij 11 new .-et lunch menu 'eaturi ruj tin>;/ th u'ate rim J t ii<he< <ueh a.* Lamb Ma.-ala l lamanc.<e < :\'uv. K{ tjiite
      80 words
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      47 13 tne-tta 1 PAOLO I m PING'S I PASSIONATELY ITALIAN L TASTEFUL; CHINESE 731-7185 J Queen AlrccU Singapore *****9 Tel: 430 4119 (Skylight Cafe Lounge Live Entertainment by "BLACKJACKS" Monday to Thursday 8.00 pm to 11.45 pm Friday to Saturday 8.30 pm to Ll5 am A fJWjj >' II
      47 words
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      Page 13 Advertisements Column 4
      96 13 MM (N kn*w? 113 it i« Gats' Mews? Cttik Ct*i' Hm ii ClutifM tkis «hlim4. i ATS. All you can Eat A-LA-CARTE ft Buffet* (min 2 persons) A" Adult: 16.80++ per person Child: $10.80++ per person Onfy avaiobte on Pubic Holdays. Saturday Sunday from: IJV 11.30cmn-3.00pm. 'Promotion not jpplic*hie on
      96 words
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      Page 13 Advertisements Column 5
      104 13 g 1 RELISH PINE COURT CHINESE RESTAURANT S BEIIING DUCK FOR ONLY $25+++ Reservation*: 831 6262/66 Ea CHINESE »»Orchard Road Singapore 2M567 BSTAURANT Tri 737 4411 1$ Jwnt 31 July 25% off buffet lunch dinner Daily "Bargains of the Day" with 50% off selected local and western favourites Savour local
      104 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      777 13 TV&RAPIO ■■■■be IS Movies The Chip- 12.50 AM Tsuyoshi Hold munk Adventures (See Tight. 9.00 AM World Cup 98 Ro- Our Choice). 135 Kaleidoscope. —7- 1 man iavs 4.00 News 5 Today Followed L4O Lives and Perfor--10.45 Close. by Afternoon At The tnances. 2.30 PM TV Innovations. Movies (Con't). 2.00
      777 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      144 13 CRYPTIC CROSSWORD 30 SOrt f 8 Further instruction in drink- YEBTCRDAYTS SOLUTION rv™ lug? (9.6) WWAiTIWHiILHiIUIIUIRI DOW 14 Joiner's instrument gives an- gulMflM 1 May be seen and heard in a gles that aren't right/5) [e] Kentish garden (1(X5) 15 Silver corroded quartz (5) 2 Desert folk struggle to sue-
      144 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Substitute saves Colombia in 1-0 win
      321 14 WORLD CUP 08 Preciado seizes on a pass to score an 83rd minute goal against Tunisia Reuters Substitute Leider Preciado scored an 83rd minute goal to give Colombia a 1-0 victory over Tunisia yesterday and keep their World Cup hopes alive. He seized on
      Reuters; REUTERS  -  321 words
    • Article, Illustration
      Nail-biting finish
      364 14  -  World Cup viewing guide By Shahiron Shahari Th» onas to watch Italy vs Austria (Grp B, 9.30pm) Chile vs Cameroon (Grp B, 10pm, TVI) Brazil vs Norway (Grp A, 2.30 am, Wed) Scotland vs Morocco (Grp A, 2.50 am, Wed, TV3) A good day for having two TV
      364 words
    • Article, Illustration
      Lock icon Janzen wins his second US Open
      492 14 US OPEN GOLF NYT [SAN FRANCISCO] A few moments after realising he had won the US Open on Sunday, Lee Janzen wept. Who could blame him? The last four days at the Olympic Club had been emotional, gruelling and relentlessly challenging, so difficult that
      NYT  -  492 words
    • Article, Illustration
      Lock icon It's touch and go for coaches
      1071 14  -  Two have been fired, but the gambles of 3 others have paid off By\ Rob Hughes The writer is senior correspondent of The Times of London. IHT [LYON] Faustino Asprilla is not as lonely a man this week as he was last week. The
      IHT; FILE PHOTOS  -  1,071 words
    • Article, Illustration
      Lock icon Turning advice into sensible nonsense
      677 14  -  BOOKS In doing so, Lewis Carroll created a kind of unsettling By] Edward Rothstein NYT [NEW YORK] Then comes this declaration: "Nobody is despised who can manage a crocodile." And, as if in an afterthought: "Illogical persons are despised." All of which is perfectly plausible.
      NYT; PILE PHOTO  -  677 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      191 14 THE WEATHER Stngmporec Partly cloudy. Temperature(3l /2SC) r»aHki war OotoL Mnutm 1V29 rkwdy Stodfrto Vl9 (tody Auriitnd l 10/15 <toud> M*ra 11/37 doady Vm l*2S rioMh Baarfuk »34 to Zaridi 1414 duu* Befog 2229 6ur Bn|i WV (M Boafcay 2833 showers Am«riaai I*2B ctondy ftaarlia UV Oml Brrtoue Ift 18
      191 words
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  • COMPANIES & MARKETS
    • Article
      Hour Glass $5.2m in the red in second half
      460 15  -  Asian flu finally hits upmarket retailer, as foil-year profit shrinks to $625,000 By Lee Han Shih [SINGAPORE] The Asian financial crisis has finally caught up with upmarket watch seller The Hour Glass (THG), which yesterday reported its first half-yearly loss in
      460 words
    • Article, Illustration
      Lock icon HPL sells Milan hotel, commercial block for US$61.5m
      437 15  -  By. Ang Wan May [SINGAPORE] Ong Beng Seng's Hotel Properties Ltd has sold off its Four Seasons Hotel Milano a luxury hotel in the Italian city of Milan and an adjoining commercial block for U5561.46 million (*****.4 million). Regent Milano SpA, the
      FILE PHOTO  -  437 words
    • Article
      Bumpy ride ahead far the global disk drive industry
      700 15  -  HOCK LOCK SIEW Jennifer Lien JUST two weeks ago, it seemed as if the dust was settling in the disk drive industry. Seagate Technology was re-hiring some retrenched staff in Malaysia, following its big January retrenchment. In newspaper interviews, upbeat noises
      700 words
    • Article
      Acma unit gets nod for Sesdaq listing
      196 15 (SINGAPORE] Acma subsidiary EnerSave Holdings has received in-principle approval from the stock exchange for a listing on Sesdaq. Acma said yesterday that the flotation followed a revamp of its engineering designs unit Ideas Engineering, but did not give any details of the initial
      196 words
    • Article
      Stolthaven-Dovechem deal: SIC gives conditional waiver
      392 15  -  Waiver exempts Stolthaven from making general offer Byy Conrad Raj [SINGAPORE] The Securities Industry Council has given Netherlands-incorporated Stolthaven Asia Pacific a conditional waiver from making a general offer even if it buys more than 25 per cent of local ly-listed Dovechem Terminal Holdings.
      392 words
    • Article
      Broadway Industrial faces uncertain future
      210 15  -  By\ Soh Tiang Keng [SINGAPORE] Broadway Industrial Group's status as a going concern is in the balance, hinging on negotiations with bankers and potential investors over refinancing of borrowings and additional funding. Broadway's auditors, Price Waterhouse, says in the company's latest annual report that "the
      210 words
    • REGIONAL COMPANIES
      • Article
        GP Batteries' profit surges 20.4% to $28.5m
        403 16  -  Turnover up 23% although margins were hit by Asian crisis in 2nd half By. Annette Pau [SINGAPORE] Hongkongbased GP Batteries yesterday posted a 20.4 per cent gain in net earnings to $28.5 million for the year ended March 1998, in line with analysts'
        403 words
      • Article
        Lock icon Philippine bank shares hit by PAL's financial problems
        302 16 AFP [MANILA] Mounting financial difficulties of strike-hit Philippine Airlines (PAL) rubbed off on the banking sector yesterday as listed banks with loan exposure to the carrier took a beating on the local bourse. "There is a scare in the banking sector due
        AFP  -  302 words
      • Article, Illustration
        Schroders offers European equities feeder fund
        402 16  -  By\ Shiv Taneja [SINGAPORE] Blue chip fund manager Schroders yesterday launched its first feeder fund here that invests in European equities. The Schroder European Equity Fund (SEEF) is also the first of three sub-funds within the locally-based umbrella structure Schroder International Choice Portfolio. As
        402 words
      • Article
        Bukit Sembawang's profit slumps 96% in weak market
        345 16  -  By David Boey [SINGAPORE] In another sign that all's not well with the local real estate sector, property counter Bukit Sembawang Estates yesterday announced a whopping 96 per cent plunge in its earnings for the year ended March 31, 1998. Net profit
        345 words
      • Article
        Giken Sakata profit leaps from $26,000 to $2m
        205 16 [SINGAPORE] Despite a 53 per cent fall in turnover, electronics firm Giken Sakata yesterday posted vastly improved net earnings of $2.02 million for its fiscal year ended March, from just $26,000 in the previous year. This is due to lower operating costs
        205 words
      • Article
        CAM unit to sell RM37.6m in assets to Tektronix
        422 16  -  ity. Annette Pan (SINGAPORE) Still out to regain cash flow, black ink, and its stock market listing, CAM International yesterday said its Penang subsidiary CAM Advanced Technologies (CTM) has entered into agreements worth a total 37.6 million Malaysian ringgit (5515.7 million)
        422 words
      • Article, Illustration
        Lock icon Small investors' bet on TAB pays off – in small paper gains
        450 16  - Small investors' bet on TAB pays off in small paper gains With each allocated only 257 shares, they sit on As3BJ>s profit From Russell Baker in Sydney MOST of the 725,000 investors who subscribed for shares in TAB Ltd, the betting organisation privatised by the New South Wales government, are
        AFP  -  450 words
      • Article
        Tan Chong to give shares in HK listing instead of bonus, dividends
        354 16  -  From Loh Hui Yin in Hongkong MALAYSIAN-LISTED Tan Chong Motor Holdings has come up with a novel scheme to reward its shareholders as well as further its ambitions to expand into China. Instead of giving shareholders the usual
        354 words
      • Article
        Thai Farmers bids for rest of Phatra Thanakit
        387 16  -  Offer paves way for restructuring of troubled finance firm From Hariah Mehta in Bangkok THAILAND'S second-largest commercial bank, Thai Farmers Bank (TFB), yesterday offered to buy 51 per cent of the shares of troubled finance company, Phatra Thanakit, that it does not
        387 words
      • Article
        Lock icon Wing Tiek defaults on RM381m in loans, interest
        220 16 Bloomberg [KUALA LUMPUR] Steelmaker Wing Tiek Holdings Bhd has joined the growing number of Malaysian companies unable to repay their debt. It said yesterday that it had defaulted on loans and interest payment totalling 381 million Malaysian ringgit (5J158.7 million). "The default
        Bloomberg  -  220 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon US IPO market in correction, but recent issues offer bargains
        505 17 Low demand has led to IPO sizes, price ranges being cut, some deals postponed or cancelled Reuters [NEW YORK] The US initial public offering market is now in a correction, analysts say, and some of the best bargains are among
        Reuters  -  505 words
      • Article, Illustration
        Lock icon Beijing Jeep on a rough road
        70 17 [BEIJING] Andy Okab, the vice-president of Chrysler Corp's Beijing Jeep, checking the body of a four-wheel drive Cherokee being assembled at the Beijing car plant. Beijing Jeep was thefirst American car manufacturing project in China when it opened in 1964. The rugged "jipuche", as
        REUTERS  -  70 words
      • Article
        Lock icon Seagram to get PolyGram for US$200m less than original price
        486 17 Bloomberg [AMSTERDAM] Royal Philips Electronics NV agreed to sell PolyGram NV to Seagram Co for US$lO.4 billion (5517.1 billion), US$2OO million less than the original price, after a plunge in second-quarter profit at the world's largest recorded-music company. The agreement
        Bloomberg  -  486 words
      • Article
        Lock icon It's red ink for ST Dupont as Asian sales tumble
        295 17 Bloomberg [PARIS] ST Dupont SA said yesterday it posted a loss in fiscal 1996 as sales fell in Asia, where the luxury-goods company makes about half its revenue. The maker of pens, leather goods and accessories reported a loss of
        Bloomberg  -  295 words
      • Article
        Lock icon Alstom valued at Ffr43b ahead of debut
        287 17 FT [LONDON] Alstom, the engineering group being sold by GEC of the UK and Alcatel of France, was valued at 43 billion French franc (Ssll.B billion) ahead of it stock market debut yesterday. Shares in Alstom began trading on the Paris, London and
        FT  -  287 words
      • Article
        Lock icon IBM faces corruption charges in S America
        364 17 Officials said to be involved in USs6om worth of kickback* AFP [BUENOS AIRES] US computer giant IBM is under a cloud of accusations in Argentina, Mexico and Peru, with prosecutors accusing company officials of fraud, bribery and participating in kickback schemes totalling US$6O
        AFP  -  364 words
      • Article
        Lock icon Trade group raps Microsoft for trying to extend dominance
        283 17 Bloomberg [WASHINGTON] Microsoft Corp is trying to extend its Windows market dominance into the market for equipment that connects individual computers with its Windows NT software, said the Software Publishers Association. The group, openly critical of its largest member in recent
        Bloomberg  -  283 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Wealthy Asians turn to Europe as euro era nears
        474 18  -  Clients seeking to raise portfolio weightings there, says Citibank By i Catherine Ong [SINGAPORE] Citibank's high networth clients in Asia are disenchanted with regional financial markets and are looking to increase their portfolio weightings in favour of Europe as the launch
        474 words
      • Article
        Lock icon Hana Bank sees IFC's US$152m investment helping its credit status
        282 18 Reuters [SEOUL] The president of South Korea's Hana Bank said yesterday his bank would use an International Finance Corporation investment as leverage to attract foreign partners. 2Kim Seung Yu, president of&ana Bank, said the IFC deal would help his bank
        Reuters  -  282 words
      • Article
        Lock icon LTCB not having trouble with ops: Japan watchdog
        308 18 Finance ministry passes bank supervision to new agency Bloomberg [TOKYO] The head of Japan's new financial industry watchdog said yesterday Long-Term Credit Bank of Japan Ltd is having no difficulty with its operations. Masaharu Hino made the remark at a press conference
        Bloomberg  -  308 words
      • Article
        Lock icon Mellon Bank shares up 6% on talk of new bid
        201 18 Bloomberg [PITTSBURGH] Mellon Bank Corp, a month after successfully rebuffing a bid by Bank of New York Co, rose 6 per cent on speculation another suitor may be preparing a bid. Analysts and investment bankers dismissed the idea. Mellon shares
        Bloomberg  -  201 words
      • Article
        Lock icon Buffett takes on institutional investors
        245 18 NYT [NEW YORK] It could be Warren BufTett's biggest challenge yet. Not the acquisition of General Re Corp, the reinsurance giant that Berkshire Hathaway Inc agreed to buy last week for US$2l.7 billion (5535.8 billion) in stock. Rather, his taking on the oftenunruly Wall Street
        NYT  -  245 words
      • Article
        Lock icon Code breaker keeps card companies on their toes
        319 18 NYT [NEW YORK] For the last year, Paul Kocher's four-man consulting firm in San Francisco has kept big credit-card companies and banks on edge. He has been sharing details of his discovery of a way to break into the newest version of
        NYT  -  319 words
      • Article
        Lock icon Coffee drops on bumper Brazilian harvest
        284 18 Bloomberg (LONDON) Coffee fell to its lowest price for almost four months on expectations that rising output from Brazil, the world's largest grower, will lead to abundant supplies in the coming months. Coffee farmers in Brazil are currently picking their 1998-99 crop which some
        Bloomberg  -  284 words
      • Article
        Lock icon Euroyen, JGBs up in cautious trade
        255 18 SOKEXReport Reuters [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures climbed on relatively quiet trade yesterday with attention stiU focused on US dollar/yen movements. Dealers said players were cautious over rumours that the ailing Long-Term Credit Bank of Japan (LTCB) was considering a
        Reuters  -  255 words
      • Article
        Weaker yen drags futures down
        170 18  -  MSCI TAIWAN FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore [SINGAPORE] The Simex MSCI Taiwan Index futures tumbled amid concerns over a weaker Japanese yen yesterday. The Japanese unit slid in the morning against the US dollar as Japan failed to pledge any new
        170 words
      • Article
        Lock icon CURRENCY REPORT
        288 18 Reuters AFP T -oint^n THE dollar gained initially, but paused as players considered the possibility of further Bank of Japan or Fed intervention in aid of the yen. "The market is still nervous about intervention if the dollar rises too fast," said Steve Barrow, currency strategist at Bear
        Reuters; AFP  -  288 words
      • Article, Illustration
        Untitled
        1200 18 DITBEBAWI CROSS BATES C$ *mb ECO Ffr Dm HK$ MtsNpl*! Tw H> HI mSNfcts Hit, S$ lm4 Sir WT$ UM N— US$ 0 894 Jro 0.551 3456 1091 4.695 25.888 88.549 0.840 8.449 2496 1.183 26.947 ***** 1001 3.359 1910 20.612 25.170 0464 0407 A L i2 «rri 1635 SSI
        1,200 words
    • Article
      COMMODITY PRICES
      1797 19 S1C0M rPTUMBS Jun TJ RUBBER (hit urn dosing «t 5.30pm) 1SS1 CONTRACTS cwtsAg) Close Volume Open **wtO Hlflh Low Sett (towns) Interest Ju» 98 t%.00 550 Aufl 98 J17.00 200 590 S«P 98 118.50 118.50 118.25 WO 500 Oct/Dec 98 121.00 121.00 121.50 600 4650 Jan/Mar 99 t27.00
      1,797 words
    • Article
      WORLD STOCK MARKETS
      2282 19 LONDON J—12 Nact 31 Group 652.400 -6.600 A0 Ports 341.000 3.000 A Obey National 1020.000 -9.860 Allied Domecq 576.000 unch Ante 200.000 -1.000 Asda Group 189.000 -6.000 BAT Ind 566.000 -7.400 BG P»c 333.000 1.000 BICC 138.000 -3.000 BOC Group 800.000 -38.000 BR Petroleum 847.000 13.000 8TR
      2,282 words
    • Article
      Lock icon TOKYO
      1617 19 Bloomberg Q Nikkei 225 +4LU JAPANESE stocks were little changed as banks fell amid speculation the financial industry might be shaken by more bankruptcies. Builders rose after the government promised to take steps in coming weeks to turn around the country's economy. Long-Term Credit Bank of Japan Ltd plunged
      Bloomberg  -  1,617 words
    • Article, Illustration
      Lock icon HONGKONG
      1542 20 Reuters Q Hang Seng -387.70 STOCKS suffered a heavy setback yesterday, closing sharply lower after a Group of Seven meeting failed to soothe concerns about Japan's ailing economy, leaving the yen floundering against the US dollar. The Hang Seng Index tumbled 387.70 points to close at 8,204.21 points after
      Reuters  -  1,542 words
    • Article, Illustration
      Lock icon CHINA
      609 20 Reuters MShenzhenßlndex *0.65 SHENZHEN'S hard currency B Share Index closed slightly higher in slack trade yesterday, continuing a recent rebound, while investors waited to diagnose the health of regional markets, analysts said. The B Share Index rose 0.65 point to 85.40 points on thin turnover of HK$B.9 million. "There
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  609 words
    • Article
      Lock icon TAIPEI
      372 20 AFP □wp Index -iau> TAIWAN stocks fell 1.6 per cent yesterday paced by the technology sector as investors took to the sidelines ahead of the US-China summit this week, dealers said. The Weighted Price Index dropped 124 36 points to 7,692.91, following a 0.8 per cent rise in the
      AFP  -  372 words
    • Article
      Lock icon WELLINGTON
      252 20 AFP Q Wellington -32.89 SHARES closed down on heavy turnover worth NZ5125.9 million in line with weakness in the region. The NZSE-40 Index lost 32.89 points to 1,942.31 which included a 10-point dividend effect as Carter Holt Harvey, Enerco, Fisher and Paykel and others went ex-dividend. Jmll U$ (000)
      AFP  -  252 words
    • Article, Illustration
      Lock icon BANGKOK
      780 20 AFP n SET Index -8.42 THAI shares slipped 3 per cent at the close yesterday amid concerns about local banks and finance firms as well as worries over the weakness of the Japanese yen, analysts said. Dealers said foreign investors sold out positions in the absence of concrete proposals
      AFP  -  780 words
    • Article
      SEOUL
      406 20 n Composite Index -4.48 SOUTH Korean stocks shed 1.4 per cent yesterday on prof-it-taking amid lingering concerns over the Japanese yen's direction, dealers said. The downturn was seen as a correction in the run-up to an expected rebound, Shinyoung Securities dealer Seo Jun Huck said. He said the yen's
      406 words
    • Article
      Lock icon SYDNEY
      599 20 AFP All Ordinaries jjjt AUSTRALIAN shares defied falls on Wall Street to rise 0.3 per cent yesterday amid strong interest in AMP shares and the float of the New South Wales betting agency, TAB Ltd. The All Ordinaries Index rose eight points to 2,596.8. The All Resources rose 10.7
      AFP  -  599 words
    • Article, Illustration
      Lock icon JAKARTA
      731 20 AFP P Composite Index -4L7> SHARES closed lower yesterday amid a regional market downturn and the poor outlook for Asian currencies led by the limp Japanese yen, dealers said. "In general, the market fell was just in line with the regional mood," a dealer with a European brokerage said.
      AFP  -  731 words
    • Article
      Lock icon MANILA
      278 20 AFP Q Manila -52.02 PHILIPPINE shares fell yesterday, pulled down by weakness in the banking sector amid reports of a major loan exposure to troubled Philippine Airlines. The Philippine Stock Exchange Composite Index fell 52.02 points to 1,689.69. Volume reached 273 million shares valued at 549.5 million pesos. —AFP
      AFP  -  278 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8446 21 INDUSTRIALS Consumer products 1996 Lilt Vol Oay Net Cap L< Company Sale OOP High Low P/C Smll 310 ISO Ajinomoto 220 121 89 2 '2® 6 2 'f 63 un h '2 63 63 15 92.9 ?!2 22 5"° c H,fl 150 9 '50 150 4.4 60.0 2?? B**l«Y*Lend 242
        8,446 words
      • Article, Illustration
        Lock icon Shares end lower on yen concerns
        411 21 AFP Q Composite Index -10.00 MALAYSIA'S key stock index ended lower yesterday due to continued uncertainties surrounding the Japanese yen. "The weak yen and the fall in Dow Jones on Friday have made investors cautious," an institutional dealer with a local brokerage said. The
        AFP  -  411 words
    • WARRANTS&OPTIONS
      • Article
        Acer wrt: patience may pay off
        175 22  -  WARRANT WATCH Louis Beckerling THE Acer warrant was yesterday's top gainer in percentage terms but its two US cent rise to seven US cents came with just one lot traded. In not very much more convincing volumes of 27,000, the underlying mother share added
        175 words
      • Article
        Untitled
        3466 22 BONDS, LOANS WARRANTS m '"A Last Vol Day Last OuoU Avq High Law Stno Company Sal* *or- (OOO) High Low Buyor Sailor Prlco 23.5 9 m 3000 m AM08 C5.5H0202I6 .10 10 13 20.5 5 3160 "Acor ******1 USS 7 »2 1 7 7 5 7 95 8.5 3164 Ac
        3,466 words
    • Article
      CLOB INTERNATIONAL
      2335 22 Transaction date Jun 22 Cf Qf 1998 Lait Vol Day Last Ouot< Wv Mv YM Nat M Cap High Low Stno Co«npanv Sal* COOP) High Low Buyer UMW H C»r H P/I $<W t35 28 m 1 5000 AIS8 SOc 49 -2 45 49.5 47 47.5 49 5.0
      2,335 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6583 23 Transaction date: Jim 22 j Gr Gr M m Last Vol Day Lilt Quote D4v Otv VM N«t Cap Ayg Hlgfc Law StNo Company Sal* COOP) High Law Buy- SaMar C'vr H P/t Jmll Price MOUSTKIALS 43 14 a 1020 ACE Dynamic s60c 16.S
      6,583 words
    • Article
      SESDAQ
      1174 23 Gr Gr M Wt 1998 Last Vol Day Last Ouot. Mv Mv YM Nat Cap Ay, High Low St No Company Sol* COOO) Htfh Low Buyor SoHor Cvr M Sm« Price 134 79.5 2000 ABRHIdfl»Sc 80 unch 1 80 80 79 80 39 0 89 243 65 0 2049
      1,174 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        213 24 Stocks Volume DBS Land 9,122.000 SingTH 15c 8.832,000 Easyknit HKKk 5,878,000 DBS Foreign 5,602,000 (JOB Foreign 4,593,000 Wing Tai 25c 3,339,000 SPH 3.178,000 OCBC Foreign 2,985.000 OilB Foreign 2,850,000 IPC Corpn 5c 2,449,000 Stocks DBS Foreign 59,175,240 SPH 39,864,725 UOB Foreign 25,088,399 SingTel 15c 21,060,366 OCBC Foreign 16,952,255 DBS Land
        213 words
      • Article, Illustration
        HOT STOCK
        61 24  -  -by Shiv Taneja SIA Foreign tranche closed 20 cents lower yesterday at $8.50 on a volume of 1.1 million shares, compared with its 10-day traded average of 1.4 million shares. The daily RSI and Stochastics charts are oversold. However, the longer term sentiment is negative. This is supported
        61 words
      • Article, Illustration
        Lock icon May trade numbers, weak yen add muscles to bears
        673 24  -  STOCK MARKET COKKEMTAKY But one analyst points to potential surprises from Japan and says 'real' money managers and interbank 'flow 5 traders can turn the tide By Wong Wei Kong SHARES started the week on a losing streak yesterday as old
        Chart from Bridge  -  673 words
      • ON THE GRAPEVINE
        • Article
          Lessons in space
          93 24 SINGAPORE companies may all be looking to stretch their assets to the max in these hard times but Singapore Land's efforts deserve a mention. Hie net area of its office building, the Gateway in Beach Road, has increased by more than 10,000 sq m. This is equivalent
          93 words
        • Article
          Ground realities
          156 24 IT is interesting that Cathay Pacific offered HK$3 million (S$639,000) as out-of-court settlement to its former air stewardess Courtney Chong, just a couple of weeks before the defamation case between the parties was due to be heard. Ms Chong had accused Cathay of tramping up charges of petty
          156 words
        • Article
          Bullish on bears
          160 24 REMEMBER the run on cake shops in Hongkong recently? The latest run there is, of all things, on Winnie the Pooh toys. Recently McDonald's in Hongkong offered Winnie toys said to be a bear with a honeypot on its head and the big M emblazoned on the
          160 words
        • Article
          Thief on board
          111 24 rr could beasignofthe times that more and more companies are seeing internal fraud. The latest victim is Casio, Japan's top calculator maker, which said it suffered up to two billion yen (3123.8 million) in special losses from a fraudulent transaction by a senior staff. The 46-year-old man—which
          111 words
        • Article
          Endargered market species
          106 24 THE poor state of the Hongkong property market is being translated Into the number of housing agents working In the Industry. Louisa Sum Kwok-fbng, president of the Society of Hong Kong Real Estate Agents, told the South China Morning Post recently that the number of its members
          106 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      503 15 Islamic Banking Finance: kS\ Towards A Global Vision < MHUgp 5 Over 130 banks and financial institutions worldwide are practising the 1!£ KnHßi m principles of Islamic banking and finance. These institutions now manage ■■■■I M more than US$BO billion which is growing at an annual rate of nearly IS
      503 words
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      102 16 PAL chairman offers to take back striking pilots, Shipping Times Pg 16 —————■——————■—I^——MM We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize
      102 words
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      Page 16 Advertisements Column 2
      7 16 Wealthy Asians turn to Europe, Pg 18
      7 words
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      210 17 •Tung Centre •Parkway Parade •A-Z Building •Paya Lebar Road For details, please contact owner: Tel: 437 6853 437 6872 534 3132 UNIVERSITY OF ■HHBPFHE UNIVERSITY SOUTH AUSTRALIA BB OF HULL Adelaide, Australia England. United Kingdom Rj] ||L ll \zvh** PhDgMBA Doctor of Philosophy in MumlmMH Iftg Business Management HsEHBjJUQM 23rd
      210 words
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      Page 17 Advertisements Column 2
      117 17 Shah AJam j Radisson HOTELS WORLDWIDE The difference is genuine. SM At half price you can now indulge in the Radisson experience with a :>uvo OFF difference. Our Radisson Hotel Convention Centre Shah Alam, will fulfill all your business and conference needs. And if it's relaxation you're looking for, our
      117 words
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      23 20 to placean\ thi^caTX J f° UIM aassmedj/ Buyiiun or sefliruz throufih J The Straits Times Classified is child's Play. 1N» LS® CallC.A.T.S.at 1800-737-1166.®
      23 words
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      33 22 Citibank Margin Trading Account. Trade in the Widest List of Marginable Securities. Call 339-7126 Now. THE CITI NEVER SLEEPS Branches at I Shenton Way 268 Orchard Road 21 Jurong East St 13 www.citibank.com.sg
      33 words
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      Page 24 Advertisements Column 1
      758 24 BUSINESS Xo ticcs lo ;i(l\iTtise tall 1011-free IXOO-741 INS 3 In the matter of (he Companies Aa, Cq>. 50 NOTICE OF RESOLUTION SIN ASIA TECHNOLOGIES PTE LTD (Incorporated to Singapore) At a Directors' Meeting of the above Company duly convened and held at 9 Battery Road *19-08 Straits Trading Building.
      758 words
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      Page 24 Advertisements Column 2
      402 24 MARIANS TRADING PTE LTD (In Members' Voluntary Winding-Up) NOTICE IS HEREBY GIVEN that the Final Meeting of the abovenamed company will be held at 139 Cecil Street. #04-01 Cecil House. Singapore *****9 on 25-07-1998 at 10.30 am for the purposes set out in Sections 308 and 320(3) of the Companies
      402 words
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      Page 24 Advertisements Column 3
      87 24 IB TgS .1 9>! W t \V• 4 sj& and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification,
      87 words
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  • SHIPPING TIMES
    • Article
      FREIGHT MARKET
      292 25 TRADING was slow, particularly in the late afternoon, with most Panamax owners still "sitting tight" and few cargoes reported fixed in the Atlantic area. However, most predicted the current nearby tightness in the market will ease and recent gains be quickly reversed. Futures found a slightly easier tack,
      292 words
    • Article
      MARITIME STOCKS
      274 25 w -f-mmt *mu a w CWT Distribution 0.41 ChuanHup 0-345 -OOOS T7 Cosco investment 0.60 *0.025 29 FrttahtUnta 0.19 -0.005 29 Ga 0-22 unch VO M« Sun Hup 0.40 -0.02 191 Hitachi Zos*n -k_. 0.555 -0.015 35 IMC HlMmi HK 5.60 Jeya Holdings 0.38 -0.02 5 Jurong Shipyard
      274 words
    • Article
      Two shipping firms on Seoul's bankruptcy list
      418 25  -  Hyundai's Sun Eel Shipping and SK Group's Kyongjiif Shipping among 55 to be dissolved By Felix Chan [SINGAPORE] Two shipping companies are among South Korea's list of 55 ailing organisations which will be dissolved, including 20 affiliates of the country's five largest conglomerates.
      418 words
    • Article, Illustration
      Lock icon Port of Madras trying to reduce berthing delays
      277 25  -  Move follows threat by feeder lines to introduce congestion surcharge By\ Marcus Hand [SINGAPORE] The Indian Port of Madras is acting to try and cut berthing delays and turnaround times following a threat by feeder lines serving the port to introduce a
      FILE PHOTO  -  277 words
    • Article
      Lock icon 2 Kandla berths may resume oil imports
      117 25 Reuters [AHMEDABAD, India! Oil product imports at berths three and four of the cyclonehit Kandla port may resume tomorrow, Kandla Port Trust chairman A N M Kishore said yesterday. "Berth numbers three and four will hopefully resume import of diesel, petrol and kerosene
      Reuters  -  117 words
    • Article
      Lock icon China Dalian Int'l's IPO
      59 25 AFX-Asia SHANGHAI China Dalian International Cooperation (Group) Holdings Ltd said it will make an initial public offering (IPO) of 35 million A shares at 7.00 yuan per share from June 15. Proceeds of the issue will be mainly used to upgrade its shipping fleet. The shares
      AFX-Asia  -  59 words
    • Article
      Lock icon Surabaya port strike cost exporters US$40m
      424 25 Bloomberg [JAKARTA] A strike at Indonesia's second-largest port, Tanjung Perak, in Surabaya has cost exporters US$4O million (5565.7 million) in lost income, a local government official said. The 6,000 dock workers have called off the strike which began last Wednesday but are working for
      Bloomberg  -  424 words
    • Article
      Wah Kwong's profits plunge 57% to US$17.2m
      280 25 [HONGKONG] Wah Kwong Shipping Holdings reported a 57.55 per cent drop in profits to U5517.24 million (5528.3 million) for the year to March 31, compared to U5540.63 million in the previous year. "The bulk shipping market has remained depressed throughout the year, largely
      280 words
    • Article, Illustration
      European gateway for PSA
      1169 26  -  GENOA'S VOLTRI TERMINAL PSA has bought a stake in this container terminal and its staff provided much of the expertise to start operations By. David Hughes LAST month saw much of Genoa's shipping community turn out to welcome Singapore's PSA Corp as the new operator of
      1,169 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      237 26 PACE Danveron 4 ACL 9 JJjakLloyd 9 anl 3 Dongnama 3 Accord 6 ECl 5 5 Ethiopian 6 i Astro 3 Euroh4ns 6 Austral 9 Evw feM Bet 7 foooqSun 8 Batamindo 7 6Unk Bayswater 6 8 B'tang Mas 8 9 Hai Sun
      237 words
    • Article
      SHIPPING GUIDE
      24322 34 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 20/06 16/07 Hyundai MM MV NOBILITY 303W 45-33*9044 A 28/06 16/07 Saferoute HYUNDAI NOBILITY 303W 65-*****22 T« iRin 1AM (AD It
      24,322 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        725 39 Voy No Bwth Arrival Dtfwturo Jr«ng Pwt J""* 5 >«• JOJ *ong*<)« 22.04/2000 ®"*»9 M J07 Mongskl* 23 06/2300 Bj A Pitra J *****6 JOI alongside 24.04/0700 Bt fcwMUr 01O6M JOI jiongsKl. 22.06/1530 Haiti Jty *****8 JOI ilongsife 23 06/0200 »*W«m2 *****8 JOI olongsid* 23.06/0900 Bt P Trfor
        725 words
      • Article
        CONTAINER SCHEDULES
        1725 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklnq/fUUnct Rstls Ship Voy No Etb/Btr Ported From To From Ao UK 0858 23/1000 U 22/BM 22/1658 22/1800 II 22/1500 22/1658 22/1800 Acx Sum 55 2V0700 U 22/1500 22/1688 22/1800 22/1500 22/1658 22/1800 2A 22/1700 2V0658 21/0800 22/1700 23/0658 21/0800
        1,725 words
      • Article
        GLOBAL HOLIDAYS
        175 39 Jan 23. Luxembourg: National Day. Jim 30. Brunei: Half Year Bank Closing. JUL Canada: Canada Day. Hong Kong: SAR Establishment Day. Jul 2. Hong Kong: SAR Establishment Holiday. United States: Independence Holiday. Jul 7 Brunei: Maulud. Indonesia: Mouloud Prophet's Birthday. Malaysia: Birthday of Prophet Mohammed. Jul 9. Thailand:
        175 words
      • Article
        COCKETT BUNKER MARKET REPORT
        978 39 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on average sized stem Market movements are indicated The Cockett Bunker Price Index change and the
        978 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        392 39 Carbon 180 Max 994 5 1.0 17.1 0.09 84 0.0S Jun 16 Density Hater lisldw Ash Aluminium Sediment No ibovt E2S 5 0 10 0 1 0 380 Ave 986.9 0.2 16.7 0.06 31 0.03 tim 380 Mm 991.6 0.9 19.5 0.11 58 0.09 M/WI »/V
        392 words
    • AIR LAND TRANSPORT NEWS
      • Article
        SilkAir crash: hard to find conclusive evidence
        498 40  -  Destruction of airliner so total that investigators can only guess at what happened By Felix Chan [SlNGAPOßE] The destruction of Silk Air flight MI-185 was so total that accident investigators may not be able to obtain conclusive evidence to shed light on what
        498 words
      • Article, Illustration
        Lock icon Tung calls for more investment in HK railway
        247 40 Reuters [HONGKONG] Chief Executive Tung Chee-hwa officially opened a rail link to Hongkong's new airport on Sunday by calling for greater investment in the territory's rail network. The new line connects Hongkong's main business district with the US$2O billion (5532.8 billion) Chek
        Reuters; AFP  -  247 words
      • Article
        Lock icon Taiwan airline plans to buy 35% stake in Air Philippines
        162 40 AFX-Asia [MANILA] A major Taiwan airline plans to acquire a 35 per cent stake in Air Philippines Corp, Inquirer newspaper reported. It quoted Air Philippines majority owner William Gatchalian as saying the acquisition by the Taiwanese company, which he refused
        AFX-Asia  -  162 words
      • Article
        Lock icon KLM pilots to support any Northwest strike
        178 40 Reuters [AMSTERDAM] KLM Royal Dutch Airlines said its pilots will support any strike action by pilots of US alliance partner Northwest Airlines Corp. "Our pilots said they will support their colleagues at Northwest if they go on strike and they will not take
        Reuters  -  178 words
      • Article, Illustration
        Lock icon Qantas plans more cost-cutting if Asian crisis worsens
        212 40 AFXAsia [SYDNEY] Qantas Airways Ltd said it will look at more cost-cutting measures if the pressures of the Asian financial crisis continue. "If the situation deteriorated further we would have to make adjustments," chief executive James Strong said. Services between Australia and
        AFX- Asia  -  212 words
      • Article, Illustration
        Lock icon PAL chairman offers to take back striking pilots
        402 40 Condition: they must return to work by Friday and agree to 20% cnt in salary AFP [MANILA] The Philippine Airlines (PAL) chairman has offered to take its striking pilots back if they agree to a 20 per cent pay cut, a Manila
        AFP  -  402 words
      • Article
        Lock icon Kuwait lakes first step to privatise national carrier
        408 40 Reuters [KUWAIT) Kuwait's government on Sunday approved a draft law to transform Kuwait Airways Corp (KAC) into a shareholder company a first step towards privatising the national flag carrier. Transforming KAC, a public corporation, into a commercial shareholder company fully owned by
        Reuters  -  408 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1796 40 cm fuarr pa man ctd Ma mm cm on n—n «w> mo sowo «os AfeiaM* 8*7381 1930 M7382 2055 ***** 1905 CZ354 0910 Of SI 1930 0f82 2055 COM IOC SOW* M20 ***** 2220 Hanoi ****** 1310 **740 1410 MtttvMa H***** 0755 UJ44 0040 VW743 SO327
        1,796 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      26 25 Genoa's Voltri terminal: European gateway for PSA PSA staff provided much of the expertise to start operations at terminal in which PSA has stake. Page 2
      26 words
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      Page 25 Advertisements Column 2
      415 25 People SSA Tea Talk ■«|>Al«liiffii p tin The Singapore Shipping Association (SSA) will be holding a tea talk on "Ship Financing" at3.3opm on June 26, at the Harbour View Hotel. The talk will be presented by Gljs Schot, head of specialised finance at MeesPierson NV Singapore branch The talk will
      415 words
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      Page 25 Advertisements Column 3
      345 25 Silk Air crash: hard to find conclusive evidence Destruction of airliner so total that investigators can only guess at what happened Back Page SHIPPING** I I rwwj I jgfi Star Shipping AS is a leading carrier of forest products and bulk cargoes with a B B modern fleet of 45
      345 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      708 26 SUPER SHUTTLE EXPRESS ~~j IQULF KARACHI EXPf ESSfI JOQ wssa voyage mi sw vksu v°r jea dmn |mm[ om f kai coi pkg |sm S/2 PtONEOUOYDDAMMAM 27E~ 03/9* 05/0* 05/0* 07/04 12/04 lt/0* 20/0* 21/0t OOCI AMERICA 26W524 17/0* 05/07 HO NIOUOYDOAHtAM OX 10/0* 12/0* 11/0* 14/ M 19/0* 13/0*
      708 words
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      Page 26 Advertisements Column 2
      87 26 SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN PORTS Hong —B kAM CtliM Parts —i TtWfW 1— —U VISSIt VOY FTP SIN ETATYO ITA KOI ETATOK ETA M6O HA OSA I MONTE ROSA V.***** 28 JUN
      87 words
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      Page 26 Advertisements Column 3
      612 26 Unes services represented of it*» (•i@l;) by Members of Ihe Registry ct /9SS% angaporeFrSoW Foyers Accredited Shtpp<ng Agents. Ciggy Association Singapore Shipping Association 1 NEW ADVERTISER Kind out more about their ser\ icc: lurnto 4 v J Shipping Times Just talk to us in.Mm 740-2044 J&rrod Leong 740-2089 WORT 3
      612 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      1016 27 SAX SERVICE (DIRECT) ~1 VBSE VOY M»U LAX OAK DAt HQU 08 COi MBA Ml MTC mumm om iy/ot 02/07 06/07 06/07 07/07 06/07 07/07 07/07 10/06 10/06 Aft SIIB 0031 24/06 09/07 13/07 13/07 14/07 13/07 14/07 14/07 23/07 22/07 vinmuoci oin 01/07 16/07 20/07 20/07 21/07 20/07 21/07
      1,016 words
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      Page 27 Advertisements Column 2
      1761 27 I HANJIN SHIPPING HANJIN SHIPPING (S) PTI ITD tap: Ihmm. bp. cm BOOKINC ********** SAIfS: 32*0724 731 DOCUMENT *****71 274 OffUTKMS 32M241 252 MAJN UM(: *****55 FAX *****40 CI NO ********** M TO NW USA A CANADA USA CANADA* fp« ysiW" |m» sw uni mm/voY stA nvi pa w oi
      1,761 words
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      Page 27 Advertisements Column 3
      420 27 «s£l WY_ PI6 VOY SW HC IB IM TO I<tSSE I VOT I SIN PK6 IttSSa IW I SNI I JKT I UIKKEELUNG 004S 14/ M 10/U 004N I7M 71/00 73/00 75/00 70/00 HQ*t |WB j j HYUNDAI SPWNTII 000S 10/00 M/DO 21/00 30/00 01/07 pTrgHUNd I MSS OS/07 I
      420 words
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      Page 28 Advertisements Column 1
      1178 28 MR-SENATOR LINES TO UK/CONTINKNT TO RED SEA/MEDITERRANEAN/CANADA VtSKL WT Ml L£H HTM ANR NAM ORV FLX Vtssn VOY SHI JEO 6H IK FM »IC MTI ruwaaMTm www a.M it.n ttjr ij.«7 11.17 1007 w.n lonoonsenator wma »h «r 12 n un isn un ain HANJM SAVANNAH WOMt M M 17J7
      1,178 words
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      Page 28 Advertisements Column 2
      998 28 MY ANC VML lnt#rn# P //www.yml.com.tw Ik H raa MY tuesmy ««*l VOY LEH FXT HAM AM MM 8111 MALACCA BR ABIBE SLD SLO SLD SLD SLD 23*6 MING SUN ABI9E SLD SLO SLO SLD SLD 30/06 MING GALAXY AB2OE 10/06 SLO SLD SLO 23*6 07/07 GIBRALTAR BR AB2IE 17/06
      998 words
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      Page 28 Advertisements Column 3
      390 28 II^IJESSELTON LINE 9f JA m* MIMM nub tstaii a MUABA LABUAN vnsa vor its tu vfssa vor m n sro« mmia sratt m irtosm vitf/w n/ot 24/04 inom vi«/* a/o* 27/0* Am GUXT VI4I/44 27/ M M/M mteURT VI4C/M 27/0* *1/17 JIWOSW VI7I/M 02/07 05/07 IWW Vl7l/M 02/07 01/17 tmeum
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      Page 29 Advertisements Column 1
      1534 29 [vessel voy sin pou pko pen blw sur pub ba bik IRAN TEYFOURI PJL 1287 08/06 17/06 18/06 IRAN MOBIN PJL 1283 21/06 30/06 01/07 IRAN GHEYAMAT PJL 1282 06/07 14/07 15/07 IRAN MATIN PJL 1287 20/07 28/07 30/07 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN t CIS COUNTRIES
      1,534 words
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      Page 29 Advertisements Column 2
      1933 29 F DIRECT SAILING i TO SHANGHAI ft XINGAHGI I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (B/L) *****02 JOHORE OFFICE: COSTAR SHIPPING PTE LTD #17-08 DBS BLDG SALES/BUGS *****41/43 INWARD KPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD CR NO: **********0 M TOWER TWO
      1,933 words
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      Page 29 Advertisements Column 3
      614 29 EASTERN CAR LINER, LTD.' T Tt^w1 m I fc- Eg (SINGAPORE) PTE LTD SS^SSm SPEOAUZI IN RORO HEAVY LIFT UPTO 122 TOW$l ECL (SINGAPORE) PTE (JD LOADING FOR YANGON/CHITTAGONG 1 JAKARTA/DAMPIER MV"OCEA n MV "TOKYO QUEEN" V.2 ETA SIN 22/06/98 CTAYGN 28/06/98 ETA SIN 26/06/98 ETA JKT 29/06/98 ETA CTG
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      Page 30 Advertisements Column 1
      1335 30 EUROPE/UK/SCANOINAVIA/FINLANMUJSSIA SGP ROM AN W HBG THP ZEE LHV LHV THP RDM ANW HBG PKL SGP E. DELIGHT RW-003 2740 17/07 22/07 18/07 2047 21/07 22/07 E GLEEFUL RE 052 31/06 02AM 01/00 03AM 04AM 29/06 30AM E ROUNO RW-032 04/07 2347 28/07 24/07 2047 27/07 E REWARD RE-020 05AM
      1,335 words
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      Page 30 Advertisements Column 2
      874 30 am MAC-NELS S'PORE M'Slfl I r—Carrier MM CONTR LINES, INC P. GUOANG: (07) *****26 I l-JW J <vw MOi **********0 C SI0U: (084) *****9 MAMLA: (632) *****24 PENANG: (04) *****36 BANGKOK: (682) *****67 SURABAYA: (31) *****0 P. KELANQ: (03) *****77 JKT: (21) *****07 MDW: (61) *****3 KUCMNQ (062) *****1-3 WE
      874 words
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      Page 30 Advertisements Column 3
      430 30 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vtssa I vot I sin I mi I put err I »/uT NAKIAI fWNCESS VO77S 27/0* 12/07 14/07 MWUIQUEtM Yo2tt 10/07 11/07 22/57 24/07 30/07 jjjWM ORAGOW YOO7S 14/07 24/07 2S/07 02/W I mnAIPBMtf Y.023S 23/07 04/08 H/M NAMUIYENUS YO29S 02/W
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      399 31 BSA x mm* MYANMA wBBk FIVE STAR LINE (Myanmar National Line) loading for Yangon (Rangoon) VESSEL VOY SIN PKG PfH PGU (AGO 102W SU> MONGU ISW INPT MALAYSIA AGENTS: KXJSTtAD SHIPPING AGENCIES KUL m 02-03-*****00 PKL HI 02-03-*****01 PtN: m 02-04-2****** PGO: HI 02-07-*****21/4 BANK LINE (A strvio Andrtw W*ir
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      Page 31 Advertisements Column 2
      1174 31 HYUNDA^^ERCHANTMARINECO^^^D^^^^^^ I vtssa voy sm sou hh rtm ant ham rrv m (vtssa vot sou I ib< ktm I awt haw I wrv I m fin ELK 547W 10/04 04/07 11/07 01/07 09/07 DANUK 53* 25/051 30/05 27 05 21/05 11/06 Nanus 003W 19/06 10/07 11/07 05/07 07/07 HYHDERAI 3111
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      Page 31 Advertisements Column 3
      1183 31 4MM Mtf norwegon ipaaakzed oukxorrmrs iHimiHSLMSM o°)§(°J(S mm wmu/v£s TO NORTH AND LATIN AMERICA "*ORO HEAYYUFT SERVICE* [VESSEL VOY RAMP WIGHT SIN LAX CRI NUA SAV Ml OftF NYC WW MM TARONGA FBI 3 400 Tom 6.3 M "WOT 25/07 ***** o*7oT *****~ To7oT TT76T 12/01 1775T 19/01 TAIKO FBl4
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      Page 32 Advertisements Column 1
      1814 32 A ACCORD A SHIPPING PTE LTD m ***** IS (40 Lines) FAX *****30 FOtTUAMG (03)347 1001 B Wk DIRECT ACCESS m *****55 (CXPO«T ROOKING) FASIK GUDAHG (07) SSI 1377 *****34 (EXPORT DOC), *****39 (IMPORT) MUNG (04) *****40 URL-HTTP;//WWW.ACCORD.COM.SG JMUUtTi (J)) HO 0770 *>»T m SIN ~EO»T ETA SIM PQIT ETA
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      Page 32 Advertisements Column 2
      37 32 I LNS EXPRESS (S) PTE LTD Blk 217 Henderson Road, #01-04 Henderson Industrial Park, Singapore *****5 CR NO: **********Q/H Air-Sea International Freight Forwarders MANILA I Alto accepting Heavy Lift Project Cargo Tel: 65-276 7996 Fa»: 65-276 3740
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      400 33 INDONESIA NATIONAL LINE TO EUROPE "1 EXPRESS SEMI-CONTAINERISED SERVICE vn VOY OAM/RQAM HOURG BREMEN AHTWEHI VESSEL 22/08 "27/55 OMIT 02/09 TO AUSTRALIA I FULL COWTMNER SERVICE VS. VOY "BBng FBI OWE SYD MB. HOA AO. fflt API IVORY V COS IMO 2MO 2MO 8M70M70M7 12/07API EMERALD VO2S 2MO 27/00 W
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      Page 33 Advertisements Column 2
      1049 33 I ADVANCE CONTAINER LINES (PTE) LTD I A I 140 Cecil Street. *12-00. PIL Building. Singapore *****0 I LiZ TEL: *****21, FAX: *****19. TELEX RS ***** ACLPL CR NO. **********0E OPERATIONS: *****60/*****05 J BANGKOK JAKARTA (Wtly 5 Slgi POT/2 8lg» ICH/1 Sl| HIT) (S "vtssa VOY 5n bkk vtssa VOY
      1,049 words
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      Page 33 Advertisements Column 3
      897 33 VESSELS VOY JED I MLA LEH HAM THP RTM ZEE VM-LE D'AQUARIUS U26W 23/06 01/07 06/07 12/07 13/07 15/07 15/07 16/07 V-LE DC ANTARES L26W 30*36 00/07 13/07 10*07 20/07 22/07 22/07 23/07 VILLE 06 VIRGO S26W 07/07 15/07 20X07 20/07 27/07 28/07 29/07 3QXQ7 VK-LE 0€ VELA N2BW 14/07
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      51 35 Dial 740-6000 on demand —MmJ (Retrieve more schedules!) Press "1" --JE\ Select the port and key in the four digit code Jftr eg: To New York (NYQ 2275 s j£> Key in your fax number I your phone number Another innovative service offered by The document Will be SHIPPING TIMES
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      53 37 STqf| Dial 740-6000 on demand —(Retrieve more schedules!) Press "1" CT Jb\ Select the port and key in the four digit code eg: To New York (NYC) 2275 "if! Key in your fax number your phone number Anotherinnovativeservfceofferedby T^e document Will be SHIPPING TIMFS m*J faxed to you* *T for
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  • Page 39 Miscellaneous
    • Miscellaneous
      Page 39 Miscellaneous Column 1
      116 39 LEGEND: R Thunderstorm Temperature c A V Show«r Weother Wind direction with spee</ m knots Rotn Cloudy Sky Wove height Swrfoce winds ore indkoted by arrows wfeh fly with the wind Qy One Ml circle represents cotmVfcght and variable winds 1_ One holt flee he represents 5 knots I— One
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  • Page 40 Advertisements
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      Page 40 Advertisements Column 1
      177 40 Wanted BARGE MOUNTED POWER PLANTS 96 MW Simple Cycle Unit, 220/440V-50 Cycle, with fuel options of Diesel/ Kerosene/ Naphtha/ LNG. Finance and Joint Venture proposals welcome. Send complete details to: The Advertiser ST Box N***** 82 Genting Lane, News Centre Singapore *****7 SOUTH ASIA RATE AGREEMENT (SARA) Notice to Trade
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