The Business Times, 30 June 1998

Microfilm: NL21197
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA(P) ll(V12/97 85* SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, JUNE 30, 1998
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  • Article
    MARKET SUMMARY
    70 1 □sra 1£66J6 (-0.44) nvr-su mMIBIM (-9.18) Pi STOMP UHAJS2 (+2.02) IT MA 57L90 (-6.66) P MARKET MOOPt U Mixed STOCK MARKET INDICES Mooday Change KL8E COMP 460.77 +«JQ NIKKEI 1M»7I_+!8M» HANG SENO 8,460.71 ***** SET INDEX ***** +612 JAKARTA COMP __431J» *016 MANILA COMP _1,?M.13 +*76 TAIPEI WPI
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  • Article
    FINANCE
    78 1 FOBEX BATES us$ ss IJSJ 1.710 £(USS/SS per S) L661 1840 DM L814 9.942 YEN 1411 1HB* RM 4.186 0.410 HKS 7.748 0121 BART 4131 0.040 HJPIAH 16,100 Mil* 'St to MunUs FUME SATES SINGAPORE* 7.88 KlIALA LUMPUR 111.50 JAKARTA .2890 BANGKOK 14.75 MANILA .22.94 BONO KONG 10.25 TAIPEI
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  • Article
    $2b package to cut costs, boost economy
    954 1  -  Govt slashes growth forecast to 0.5-1.5%; $800 m budget deficit this fiscal year By. Andrey Tan [SINGAPORE] The government yesterday unveiled a $2 billion package to cut business costs and boost the Singapore economy, which it now says may grow just 0.51.5 per
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  • Article
    S'pore, KL have not reached accord on water
    437 1  -  Talks will continue when Malaysians are ready: Jaya Reports by* Catherine Ong [SINGAPORE] Singapore and Malaysia have not reached agreement to extend water supply to the Republic beyond the expiry dates of the present Water Agreements, said Foreign Affairs Minister S Jayakumar
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  • Article
    Market sets RM deposit rates: Hu
    531 1 [SINGAPORE] Finance Minister Richard Hu stressed yesterday that the government does not influence interest rates set by banks here for Malaysian ringgit deposits or deposits in any currency including the Singapore dollar. Responding to questions in parliament, Dr Hu noted that there have been
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  • Article
    Ringgit plunges 14 sen against US$
    402 1  -  By] Larry Wee [SINGAPORE] The Malaysian ringgit crashed by 14 sen against the US dollar yesterday, with traders interpreting measures announced late Friday to boost liquidity as a clear signal that the currency's value would be sacrificed for a pro-growth stance. Traders said that
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  • Article
    Four-pronged action to help stabilise property market
    590 1  -  Key measure is suspension of land sales nntil end-1999 By Ang Wan May [SINGAPORE) Finance Minister Richard Hu yesterday announced four specific measures to ease the property oversupply and help developers tide over the difficult period. Key among the steps aimed at stabilising
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      147 1 fIHBPB The gloomy sentiment in Corporate Japan intensified in June, but not as badly as expected. In fact, in some sectors, sentiment has actually improved, P|l Ftaryqneckaad At the elite Beijing University yesterday, US President Bill Clinton argued passionately for human rights and a "new relationship" with China. But after
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      170 1 Easing the pain gradually, Editorial Pg 18 More parliament reports, Pg 3-5 Invented for you The Type XX Aeronavale chronograph has a doubly prestigious heritage. It is true to the inventive spirit of Abraham-Louis Breguet, the greatest watchmaker ever known. It is imbued also with the exploits of his designed
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      45 1 A lifesaver for developers? Pg 2 TK ORBIT MIAN MIST One year on from the flotation of the Thai baht which triggered Asia's economic crisis, BT looks at what the region has been through and where it is going, in a special supplement. Pgs 7-14
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  • FOCUS: PROPERTY
    • Article, Illustration
      A lifesaver for developers?
      1055 2  -  THE PROPERTY coumoi New ruling allowing developers to re-sell land bought at govt sales will help their cashflows By Lee Han Shih Thirty-three minutes into his speech. Finance Minister Richard Hu finally said something which made the property market sit up and listen. Although only a
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      392 2 X 'For first 10 commitments only: Return air tickets to /fSy* Vancouver including SD/4N accommodation in an exclusive s x hotel developed by same developer |P NO.I J A LAN KILANG TIMOR Central Lixation Unmotch Design Located at Jalan Bukit Merah Floor area ranging from 3,800 sq ft Conveniently linked
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      178 2 ~II THt Piuc Bu<ldihg I T 1 m .i Located on Genting Road, off MacPherson. 3't LjSli """jJ 5-storey intermediate terrace factory HHStt Land area: 5700 sq ft./ Built up: ■H Self-contained lift and carpark lot Excellent condition/corporate image 1 j Pamela 320 2625 Karamjit 320 3529 Property Private Lot
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      132 2 1 CONSERVATION BUILDING FOB SALEI Don't miss this golden opportunity to own a magnificent piece of Singapore heritage! a* Land area: 6,471 sq ft Gross Floor Area: 10,165 sqft Zoning: Commercial; under Tenure: 99 years w.e.f. Good traffic and pedestrian Attractive rental return BP 360&98 JINRIKISHA STATION No.t Nail Road
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  • YESTERDAY IN PARLIAMENT
    • Article, Illustration
      Two bills to boost S'pore as financial centre passed
      662 3  -  MAS' role expanded to include the promotion of the financial sector By < Conrad Raj PARLIAMENT yesterday passed two financial bills to amend the Monetary Authority of Singapore Act and the Banking Act to introduce various measures to develop Singapore as
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    • Article
      E-commerce gets legal bedrock as key bills passed
      366 3  -  By\ Kenneth James SINGAPORE yesterday took a significant step towards its goal of becoming a global centre for electronic commerce when parliament passed two of three bills that, when enacted, will provide the legal clout essential to a trusted e-commerce environment. Trade
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    • IN Brief
      • Article
        How weaker yen hurts Asean economies
        137 3 A FALLING yen would raise the prices of imported goods and further dampen the weak demand for imports from the region, including Singapore, said Finance Minister Richard Hu, replying to a question by Member of Parliament Ang Mong Seng on the impact of the
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      • Article
        $3.9b fixed asset commitments in HI
        128 3 A TOTAL of 107 new manufacturing projects with fixed asset investments of $3.9 billion were committed in the first six months this year, said Second Minister for Trade and Industry, George Yeo, in reply to a question. These investments are expected to generate jobs
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      • Article
        S'pore oars covered for Weest M'sia
        57 3 PARLIAMENT has passed a Bill to amend the Motor Vehicles (Third-Party Risks and Compensation) Act to ensure that Singapore-registered and insured vehicles travelling into West Malaysia are covered for third-party liability insurance and that the benefits of third-party victims of road accidents caused by
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      • Article
        Shorter ALS hows to ootae with ERP
        72 3 AREA Licensing Scheme hours on Saturdays will be shortened once electronic road pricing is implemented in the central business district (CBD), Finance Minister Richard Hu said. This follows requests by retailers in the CBD, who said that shortened hours would encourage shoppers to
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    • Article, Illustration
      Banks' tax-deductible provisions: 3% limit lifted
      393 4  -  Beyond 3%, the approval of MAS needed By\ Siow Li Sen TO encourage banks to make adequate provisions for regional loan exposure and to further promote stability in the banking sector, Finance Minister Richard Hu has lifted the current 3 per cent limit on
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    • Article
      $900 m boost for enterprise scheme
      461 4  -  Also cuts in tariffs, increased spending on infrastructure By, Jennifer Lien TO help local businesses obtain enough working capital, the government will almost double its provision for the Local Enterprise Finance Scheme (LEFS) from $1.1 billion to $2 billion, said Finance Minister Richard Hu.
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    • Article
      Govt won't meddle with interest rates: Dr Hu
      295 4  -  By\ Clarissa Tan THE government will not meddle with interest rate levels as such intervention would ultimately be harmful to the economy, Finance Minister Richard Hu said yesterday. The government also has "limited scope" in persuading banks to be more forthcoming in
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    • Article, Illustration
      Measures conservative but sensible: analysts
      667 5  -  Some disappointed by precious little in $2b package for consumption sector ByV* i« Ven Sreenivasan Wong Wei Kong TYPICALLY conservative, but sensible for starters. That was how analysts described the off-budget measures announced by Finance Minister Richard Hu in parliament yesterday. Although Dr Hu made
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    • Article
      Helping business with land-related costs
      539 5  -  Commercial and industrial properties get 40% tax rebate By] David Boey Annette Pan OWNERS of commercial and industrial properties will get an extra 40 per cent property tax rebate on top of the 15 per cent rebate announced in the February budget for the year
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    • Article
      What they say
      264 5 "This budget benefits SMEs to a certain extent, but there is plenty of room for improvement. The salary side itself is not addressed. We need to help companies in viable businesses but who have cashflow problems... The government should act now, before they go bust." Derek Goh,
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      43 3 i.' -k' f ■>■".. -fe i v V'"-" 'v■■ W V > ■,-«v i '< y- V- .v' s.- .;,f HM--£*-<; *«v• **K A'. r S i- Jt" --C --Sir is-' >.'■-■ >•••. s <i v v-.v .-4-' f «j» K i ••<.;• "it 4 -{j "V, i' V
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      21 3 Locate its owner through Classification 821 (Found). Simply call C JLT.S. at 1800-737-1166 for this free service. t Another Classified Service
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      488 4 /rMfbi Tho Advisory Firm KPMGSeminarSeries Duties and Responsibilities of Directors and Audit Committee Members, and Corporate Governance Best Practices The Best Practices Guide recently released by the Stock Exchange of Singapore (SES) encourages listed companies to design their own corporate governance best practices. Are you ready to assume this role?
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      121 5 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 in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
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  • MARKETS IN TURMOIL
    • Article
      Some glimmers of hope from Japan's tankan survey
      350 6  -  Pessimism deepens, but not as mnch as feared; some sectors show improvement Frorn, Anthony Rowley in Tokyo THE Bank of Japan's latest quarterly survey of sentiment among the nation's businessmen showed that corporate gloom intensified in June but not so badly as
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    • Article
      KL's move to lower rates welcomed
      282 6  -  From Eddie Toh in Kuala Lumpur MALAYSIA'S move to ease interest rates will give many highly-leveraged companies breathing space but the move is expected to weaken the ringgit in the short term, according to analysts. They said the central bank's decision on Friday to
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    • Article
      Korea closes five ailing banks, forces mergers
      274 6  -  These are the first banking failures in country's history From, Jennifer Veale in Seoul SOUTH Korea closed five weak banks yesterday, forcing them to merge with healthier banks as part of the government's efforts to restructure the debt-laden financial sector amid growing protests
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      751 6 Vereinsbank^/ Bayerische Vereinsbank Aktiengesellschaft incorporated in Germany Head Office: Kardinal-Faulhaber-Strasse 1, ***** Munich, Germany. Telephone (0 89) 3 78 0 Singapore Branch: 1 Finlayson Green #17-01, Singapore *****6. Telephone *****83 Balance Sheet as at December 31, 1997 Statement of Income for the year ended December 31, 1997 (Parent Bank) in
      751 words
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  • THE GREAT ASIAN BUST
    • Article, Illustration
      Lock icon Storm hasn't blown over
      1182 7  -  While the effects of the crisis on markets and currencies are manifest, its impact on real economies and societies has only just began to be felt By' Vikram Khanna The writer is BT's Regional Economics Editor LIKE an unpredictable illness whose symptoms change as it spreads
      FILE PHOTO  -  1,182 words
    • Article, Illustration
      Lock icon What a difference a year makes
      1672 8  -  The Asian meltdown was nniqne and came as a total surprise to most strategists, government leaders, fond managers and businessmen By] Marc Faber The writer, known as Asia's "Dr Doom is the managing director of Marc Faber Limited, an investment advisory firm based in
      FILE PHOTO  -  1,672 words
    • Article, Illustration
      Don't blame us, says Tokyo
      1298 9  -  Tokyo's critics are either trying to disguise the real causes of Asian crisis or are misinterpreting the situation By. Anthony Rowley The writer is BT's Tokyo correspondent JAPAN is growing increasingly resentful at what it sees as attempts to portray it as being, if not
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    • Article, Illustration
      Lock icon Twelve months of me meltdown'
      2748 10  -  Major milestones among the twists and turns of Asia's year-long* economic cr/'s/d Compiled by Vikram Khanna Compiled by Vlkram Khanna from The Business Times, the Internet and wire agency reports 1997 June 30: Thai Prime Minister Chavalit Yonchaiyudh assures his nation that there will be
      Source: Bloomberg; Jennifer Chua  -  2,748 words
    • Article, Illustration
      Lock icon Malaysia's long road to reform
      1277 12  -  Though EL has taken steps to deal with the crisis, more radical measures are called for By Mohan Kuppusamy The writer is BT's Editorial and Opinions Page editor ECONOMIC REALITY is beginning to bite in Malaysia. After months of playing down the impact of the
      FILE PHOTO  -  1,277 words
    • Article, Illustration
      Lock icon Lack of liquidity hurts Thai business
      1510 13  -  Incentives aren't working and banks aren't helpful. The only option is foreign equity participation Varan Sabhlok The writer is the managing partner ofAVS Asia Ventures, a regional business and financial consultancy based in Singapore, specialising in venture capital and risk management. STARTING in the
      FILE PHOTO  -  1,510 words
    • Article
      Hongkong: down but not out
      1079 14  -  Hongkong's unique attributes and its role in China's modernisation will ensure its recovery By. Michael J Enright The writer is Sun Hung Kai Professor at the University of Hongkong's School of Business. A YEAR ago, my co-authors Edith Scott, David Dodwell, and I published a
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      23 7 IfJ together we can find the best answers —in everything from Internet commerce to mission-critical applications in finance, communications, manufacturing and more. y
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      167 7 INSIDE What a difference a ytar makui Asia's Dr Doom' Marc Faber puts the Asian crisis in historical perspective and finds that despite the bad news, some stocks could well be fantastic bargains Pg 8 Don't blama us, •aya Tokyoi Are Japan'* critics trying to disguise the real causes of
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      262 12 NOW ONE PRINTER IS AT THE HEART OF OFFICE EFFICIENCY. lit I I I mm j SPEED FLEXIBILITY The LBP-1760 takes charge of jobs with S The LBP-1760 is ideal for multi-platform a 50MHz Intel 960HD RISC processor. workgroups and handles a full array of And its Banding Co-Processor works
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      117 13 Wmmßmßm W m jm |)P^ B .^g Eifltfiil b jhV' jfl Wo'f&M^olS^ jfl I MEMfeag "TBk v H even *7, control. Schneider supplies on electrical distribution, to meet your needs, the electrical industrial control and Every day. Safely, distribution systems automation. With four Economically. that ensure the world brands: Efficiently.
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      1798 14 I LKM I LUNG KEE METAL HOLDINGS LIMITED I (Incorporated in Bermuda with limited liability) I NOTICE OF ANNUAL GENERAL MEETING I NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Mandarin Singapore Hotel, Mandarin Court A, Level 4, Main Tower, 333 Orchard
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      739 14 4 RfVCIRC CENTURA m FINANCIAL CORPORATION SUBSIDIARIES (Parent of Bank of Hawaii) Consolidated Statements of Condition Consolidated Statements of Income USS in thousands USS in thousands December 31 except per share amounts 1997 December 31 1997 Assets Interest Income Interest-Bearing Deposits 341,347 Interest on Loans 714,572 Investment Securities Loan Fees
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  • REGION
    • Article
      Indon parliament okays special legislative session
      376 15  -  Move clears path to change electoral laws, hot no date set for session yet From Shoeb Kagda in Jakarta THE path to new general elections in Indonesia was cleared yesterday when parliament approved a proposal to hold a special session of the People's Consultative
      376 words
    • Article
      Lock icon Rubin affirms US support for Asia
      379 15 KUALA LUMPUR Strong commitment to harsh reforms crucial, he says Reuters US TREASURY Secretary Robert Rubin yesterday reiterated his country's commitment to helping Asia overcome an economic crisis ravaging the region, but offered no new solutions. Mr Rubin ended a two-day visit to Malaysia,
      Reuters  -  379 words
    • Article
      Lock icon Wiranto denies Abri still loyal to Suharto
      142 15 JAKARTA Reuters INDONESIA'S military chief General Wiranto yesterday took the unusual step of denying that the armed forces were still loyal to ousted president Suharto, but said he was still on friendly terms with his former boss. "There is a continuing rumour that
      Reuters  -  142 words
    • Article, Illustration
      Lock icon US president calls for a 'new relationship'
      580 16 CUMTOITS VISIT TO CHINA The Tiananmen massacre not mentioned in speech broadcast 'live' Reuters [BElJlNG] US President Bill Clinton, starring again on Chinese television, yesterday argued passionately for human rights and a "new relationship" with China at an elite university that produces top
      Reuters; AFP  -  580 words
    • Article
      Lock icon China signs deals worth US$3. lb with US firms
      493 16 BEIJING Agreements include USsBoom order for 17 Boeing aircraft Reuters CHINA yesterday announced that deals with American companies worth US$3.l billion (555.3 billion) have been signed in connection with the visit to China of US President Bill Clinton, including an US$BOO
      Reuters  -  493 words
    • Article
      Lock icon China forecasts 7% growth for first half
      335 16 BEIJING Govt will step np efforts to meet 8% target for 1998, says official AFP CHINA yesterday predicted 7 per cent economic growth in the first half of the year, down from the first quarter and under the 8 per cent target for
      AFP  -  335 words
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      272 15 INTRODUCING E-BUSINESS TOOLS FROM IBM. DESIGNED, NOT ASSEMBLED. THOUGHT OUT, NOT PATCHED TOGETHER. THINKPAD 600 SERIES V Today, e-business is business Period Which means your road warriors need access to your company's resources We built the new ThinkPad* 600 for them.As vtith the rest of our award-winning ThinkPad line, careful
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  • Page 16 Advertisements
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      264 16 mm Led by SAP's vision of enterprise computing, SAP revolutionises the way businesses work SAP Asia is formed to serve customers by introducing SAP R/3® client/server in South Asia. business applications software I iWBm iL&ll i___i 1»4 1993 1992 SAP makes headlines by implementing SAP gains rapid momentum as SAP
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      25 16 Would you believe a great meal in a I deluxe restaurant at hawker prices? Q maybe even less! f SEAFOOD PARADISE 15 Taqjong katoog Road
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  • THE WORLD
    • Article
      Lock icon Russia may devalue rouble, minister warns
      480 17 MOSCOW Deputies pressed to approve anti-crisis package; central bank plays down devaluation fears AFP Reuters FINANCE Minister Mikhail Zadornov raised the spectre of a rouble devaluation yesterday as the government stepped up pressure on deputies to pass a radical anti-cri-sis package to stave off
      AFP; Reuters  -  480 words
    • Article
      Lock icon Euro Central Bank to base policy on monetary, inflation targets
      343 17 FRANKFURT Money supply aggregate will have key role: president Reuters WIM Duisenberg, the president of the European Central Bank (ECB), laid out a key part of European monetary strategy yesterday, saying the ECB could base policy on a mixture of
      Reuters  -  343 words
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      203 17 The Official Award of Distinction in Franchising The Franchise Excellence Awards distinguish and confer an official stamp of recognition on the best performing franchise companies in Singapore. Having the Franchise Excellence Award logo identifies you as one of Singapore's finest franchise companies. The recipients of last year's awards gained high
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      453 17 (©business tools Netfinity 3000: Pentium 1 II processor 266-350 MHz /Up to 384M8 100 MHz ECC SDRAM Netfinity 3500; Pentium* II processor 233-333 MHz (2way SMP upgradable) Up to 512M8 ECC SDRAM THE AFFORDABLE IBM NETFINITY 3000 3500 SERVERS. You want to be an e-business. You don't want to spend
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  • EDITORIAL & OPINION
    • Article, Illustration
      Luxembourg alone meets criteria for euro
      794 18  -  THE BOTTOMLDTE OPINION By David Mason The writer was a partner in an international accounting firm in Singapore for 14 years. He is now a business consultant in the United Kingdom. He contributed this article to BT JAN 1,1999, marks the launch of the
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    • Article
      IN OTHER WORDS
      162 18 Our tradition is that you don't speak out loud, you wait some years, have a revolution and overthrow the government' an official with China's Ministry of Civil Affairs, on the need to build a democratic culture. I would think that most of the young fellows have a
      162 words
    • Article
      Easing the pain gradually
      698 18 EDITORIAL WHEN the Singapore budget for the fiscal year '98 was unveiled in March, a wait-and-see stance was adopted towards the then-unfolding regional economic crisis. Well, we have waited and seen, and it has become clearer by the day that this crisis is not going to
      698 words
    • Article, Illustration
      Lock icon Bow Japan can avert depression
      1000 18  -  Tokyo could print new domestic yen notes which the people most spend in the next six months By: Paul Samuelson The writer is an economist at the Massachusetts Institute of Technology. This commentary first appeared in The Los Angeles Times BEFORE World War I, Turkey
      FILE PHOTO  -  1,000 words
    • Article
      WHAT THE OTHERS SAY
      842 18 8«s and tte US workplace ALL companies operating in the US will need to re-ap-praise their workplace policies in the light of Friday's Supreme Court rulings on sexual harassment. Rules against such behaviour are no longer enough. Companies are going to have to communicate them repeatedly,
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  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      39 18 DOOHESBURY By Garry Trudeau OKAY, NO MORS MR. CAR- f W/5 WHITEHOUS£tS WHEN I THINK OF &6AN SWEATER! NO MORS C— CORRUPT HIS OUTRA6BOU9 H -W K/NPER, GENTLER LESSON- Xw ,N 1 ETHICAL LAPSES, IT JALKIH \gfi/t Ck 1
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      342 19 Buy It. Sell It. Find It. Classified. CATS. Call Today For Results Tomorrow. 1800-737-1166 Whereto wine, dine and entertain... JSSSXIES l&l I !J' I 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
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      97 19 Savour Revolvii| JKecfatk cuisine with JEB Sous MKBBI Manfred Grossman at Top of the 'M'ofttttUMijfl Revolving Restaurant Reservations 831-6258/88 —SS— Mandarin |JJ Singapore 333 Orchard Road. Singapore *****7. Tel: *****11 1$ Junt 31 JM>y 25% off buffet lunch dinner Daily "Bargains of the Day" with 50% off selected local and
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  • Page 19 Miscellaneous
    • Miscellaneous
      Page 19 Miscellaneous Column 1
      793 19 TV&RAPIO Premiere 12 4.00 News 5 Today Followed 12.50 AM Tsuyoshi, Hold 1 Mt\ii :f »H7>TTg>—^— by Afternoon At The Tight. 10.30 AM Soccer: World Cup Movies (Con't). i.ni Kaleidoscope. 98 Romania vs Croatia 4.30 Videofashion! For 2.00 AM TV Innovations. Girls. 3.00 Legend Of Liu Bo Wen. PM TV
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    • Miscellaneous
      Page 19 Miscellaneous Column 2
      244 19 CRYPTIC CROSSWORD AuwOSS g B Ml )5 I 9 Meadow providing food for 10 The fellow in charge is crazy creature 13 Device to detect snores per- _^_J!—^ H 15 Position of director is not very an item of clothing was found garden (6) *Bging jjtf Hi Hjj 21 Study
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  • WORLD CUP 98
    • Article
      Argentina-England match: result inside their heads
      568 20  -  The prospect of Passarella'slossis far more fearful than Hoddle's disgrace By\ Chris Matyszczyk The writer, a member of the British Sports Writers Association, is a creative director based in Warsaw THE Bulgarian squad last week hired a charter to take them home. It was
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    • Article
      It's now personal
      395 20  -  By Shehiren Sahari Page 20 Ih K's now personal World Cup viewing guide Tho on# to watch JR Argentina vs England (2 30am Wed) Argentina, a brilliant blend of athleticism and aestheticism, is many people's favourite to win the Cup, but England bounced back after losing to
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      279 20 ii t qps®fy*' Ik B KM hen we set out to create the most refreshing retreat at Spring City, we had more than a little help from Mother Nature herself. Here in Kunming, Yunnan, the southwestern province of China, you'll find our gently rolling fairways set in a breathtaking landscape
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      8 20 The BT floli Stats irfll be published teeorrew
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Metro to close Marina Square store if rental talks fail
      380 21  -  It's been an anchor tenant at Marina Square since 1987 By, Jenny Lam [SINGAPORE] Loss-making retailer Metro will pull out of Marina Square Shopping Mall if ongoing rental negotiations with the landlord fall through, sources said. Asked to comment, Metro
      FILE PHOTO  -  380 words
    • Article, Illustration
      Lock icon Scottsup 5% on talk of Pidemco buy-out
      249 21  -  Connter doses at 77-5 cents, tracking market's down trend By] R Sivanithy [SINGAPORE] The shares of property and retail group Scotts Holdings rallied 5 per cent yesterday, following speculation that governmentowned Pidemco Land is interested in buying a. controlling stake in the company.
      Source: Bloomberg  -  249 words
    • Article
      HDB to act against Eltech unit for breach of contract
      290 21  -  By, Jenny Lam [SINGAPORE] The Housing Development Board is taking action against listed Eltech Electronics* joint venture Kembangan Properties for breach of contract. Kembangan failed to pay the remaining 75 per cent of land premium for a piece of land
      290 words
    • Article
      Tat Lee, Keppel merger: what will happen to TLB Land?
      656 21  -  HOCK LOCK SIEW Lee Han Shih ON June 16, Tat Lee Bank (TLB) sent a thick circular to shareholders on its proposed merger with Keppel Bank. It contained a glaring omission. In the 158-page document, TLB made only one mention
      656 words
    • Article
      Sembawang informs KLSE of rise in Camerlin stake
      367 21  -  Firm appears to have bought most of Renong's shares in Camerlin Group From Eddie Toh in Kuala Lumpur CAMERLIN BVI Limited controlled by Malaysian tycoon Quek Leng Chan and Singapore interests appeared to have bought over most of debt-laden Renong Bhd's shares
      367 words
    • Article
      FHTK posts loss of $352,000
      180 21 [SINGAPORE] Listed fruit and vegetable distributor FHTK Holdings yesterday reported an after-tax loss of $352,000 for the year ended March 31, compared to a $10.7 million profit in 1997. Turnover dipped marginally from $224.6 million to $222.03 million while other income including investment income dropped
      180 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article
        All new shares in Mid-Continent's IPO
        366 22  -  It says net profit and sales for year ending June 1998 will exceed last year's By* Carol Eng {SINGAPORE] Sesdaq-bound Mid-Continent Equipment plans to use the bulk of its initial public offer (IPO) proceeds to expand its waste management services, which cater to the
        366 words
      • Article
        Lock icon Konsortium Perkapalan loans shrink after asset sale
        440 22 Loans at company level cot to USssom from USs23om Bernama [PETALING JAYA] Konsortium Perkapalan Bhd's total loans at company level would be reduced to US$5O million (5585.4 million) from US$23O million this year, following disposal of its shipping business and assets to Malaysian
        Bernama  -  440 words
    • COMPANIES
      • Article
        Lock icon Rothschild profit rises 40% in spite of choppy Asian markets
        449 24 Improved showing from S'pore, HE; pace of future growth uncertain Reuters [LONDON] Merchant banking group Rothschild yesterday reported higher annual profits, including improved performances from its Singapore and Hongkong arms in spite of the Asian crisis. Swiss-registered Rothschilds Continuation Holdings
        Reuters  -  449 words
      • Article
        Lock icon AT&T sells paging unit for US$ 205m
        238 24 LAT-WP [NEW YORK] AT&T Corp is selling its electronic paging business to Alexandria, Vir-ginia-based paging giant Metrocall Inc for US$2O5 million (Ss3so million) in stock and cash, company sources said on Sunday night. The move marks AT&T's exit from the paging business, freeing
        LAT-WP  -  238 words
      • Article
        Deutsche renames Asia Pac investment bank operations
        154 24 [SINGAPORE] Deutsche Bank's Asia Pacific investment banking operations will operate under the Deutsche Bank Group brand name from July 1, the bank said yesterday. The change follows the German bank's decision to phase out the Deutsche Morgan Grenfell name for its investment hanking
        154 words
    • FINANCE & COMMODITIES
      • Article
        Oil firms in fight to woo users of leaded petrol
        626 26  -  From tomorrow, 30% of motorists will have to switch to a 'green' variety By\ Ronnie Lim [SINGAPORE] Petrol sold here will go completely green, or environment-friendly, from tomorrow, with oil companies gearing up for a fierce battle to win over
        626 words
      • Article
        Lock icon Euroyen, JGBs lower but support seen
        253 26 Report Reuters [SINGAPORE] Simex Euroyen futures slipped yesterday as worries about Japan's financial sector problems continued to weigh down market sentiment. Comments by the Bank of Japan policy board member Kazuo Ueda that further credit easing was difficult and a rise in the Japan
        Reuters  -  253 words
      • Article
        Open interest for futures hits another record
        186 26  -  MSCI TAIWAN FUTURES Charlie Kuo tracts. Charlie Kuo, service dealer, Refco Singapore [SINGAPORE) Open interest for the Simex MSCI Taiwan Stock Index futures achieved a record high of 26,856 contracts last Friday. In trading yesterday, the index futures dropped amid concerns of economic
        186 words
      • Article
        Lock icon Oil prices flat as traders ignore Opec cuts
        233 26 ENERGY REPORT Reuters [LONDON] Oil prices were stuck in the mire yesterday as traders gave the cold shoulder to Opec's latest round of output cuts. Global benchmark Brent was at 1345 GMT trading a cent down at U5513.17 a barrel, some US$6
        Reuters  -  233 words
      • Article
        Lock icon CURRENCY REPORT
        265 26 AFP IfIHMIIWI THE US dollar fell below 142 yen at mid-session yesterday due to a Japanese tankan report that was less sombre than expected, while the greenback also eased slightly against the mark. The dollar was down in early afternoon to 141.88 yen against 142.43 in the morning
        AFP  -  265 words
      • Article, Illustration
        Untitled
        1211 26 INTERBANX CBOSS RATES ju„ 29 T 11 11 H| A$ B ht to Dn 18 INIsRhI* Yw 9m B» HgWiTHW tort Mr Mtt MK fmmt m Australia 0.886 6.171 0.550 3-670 1.0f5 <676 ***** ***** 0158 8J49 2.5M 1.196 27.930 25.305 1.032 3.699 0.923 ***** ***** 0.363 0.604 Sf5f d#
        1,211 words
    • Article
      COMMODITY PRICES
      1799 27 SICOM FOTUMB Jun29 UMBER (Mum closit* «s«t 5.30pm) RSS1 CONTVACT(S cMrtsAq) Ctos* Volume 0pm |*|*j Low Sett (tonnes) Interest Jrt98 120.50 500 Att« 98 ***** 340 S«P98 122.75 350 Oct/Dec 91 124.75 124.75 125.50 300 4650 J4fl/M* 99 131.25 131.25 130.50 300 1800 A*/*m 99 134.75 1950 RSS
      1,799 words
    • Article
      WORLD STOCK MARKETS
      2245 27 LONDON Industrials gw 31 Group 613.400 -2.600 AB Ports 338.000 -7.400 APPay National 1064.000 17.000 Alilad Domacq 566.000 unch Amac 177.400 -2.600 Asda Group 207.600 0.600 BAT Ind 610.000 9.600 BG Pic 349.000 6.000 BtCC 134.000 -7.000 BOC Group 830.000 5.000 BR Patrolaum 881.400 -3.000 BTR 167.000
      2,245 words
    • Article
      Lock icon TOKYO
      1625 27 AFP Bloomberg Q Nikkei 225 +155J» JAPANESE share prices rose one per cent yesterday as investors welcomed a tankan business survey and merger talks for troubled Long-Term Credit Bank of Japan Ltd, brokers said. "Dealers responded positively to the yen's gains (against the US dollar) following the tankan outcome,"
      AFP; Bloomberg  -  1,625 words
    • Article, Illustration
      Lock icon HONGKONG
      1483 28 Reuters Q Hang Seng -147.15 HONGKONG stocks gyrated from positive to negative territory throughout yesterday to close sharply down «n trading related to the ejjfcry of June futures contract* The Hang Seng Index closed down 147.15 points at 8,460.71 after leaping ahead to 8,790.55 after the open, then sliding
      Reuters  -  1,483 words
    • Article, Illustration
      Lock icon CHINA
      633 28 Reuters AFX-Asia n Shenzhen B Index -L 35 SHENZHEN'S hard currency B Share Index closed down sharply yesterday as weakness in the Japanese yen and losses in domestic A shares weighed on investor sentiment, analysts said. The B Share Index dropped 1.35 points, or 1.61 per cent, to 82.22
      Reuters; AFX-Asia; Source: Credit Lyonnsis Securities(Asia) Ltd  -  633 words
    • Article
      Lock icon TAIPEI
      370 28 AFP □wp Index -14M3 TAIWAN stocks closed 1.9 per cent lower yesterday pulled down by the prevailing pessimism over the prospects for the Taiwan economy this year, dealers said. "All the leading economic indicators showed the economy is not expected to go up in the third quarter," Calvin Chiang
      AFP  -  370 words
    • Article
      Lock icon WELLINGTON
      244 28 AFP CI Wellington -16.4 NEW Zealand stocks closed down 0.8 per cent yesterday. "Even by the normal standards for a Monday it was very quiet with very little buying interest evident," ABN Amro Equities' Duncan Rutherford said. The NZSE-40 Capital Index lost 16.4 points to 1,956.84. j»n M row
      AFP  -  244 words
    • Article, Illustration
      Lock icon BANGKOK
      782 28 AFP 71 SET Index 422 THAI shares climbed 2.3 per cent at the close yesterday, buoyed by bargain-hunting in large capitalisation shares, analysts said. "The gains were a bit fictitious in that it was mainly a couple of key stocks otherwise we would have been in negative territory," Rod
      AFP  -  782 words
    • Article
      Lock icon SEOUL
      410 28 AFP d Composite ladei -X3O SOUTH Korean share prices fell 1.1 per cent yesterday to close below the psychologically important 300-point level, dealers said. "The main sellers today were foreigners. The announcement of the forced merger was expected and so it did not really affect the market. But news
      AFP  -  410 words
    • Article
      Lock icon SYDNEY
      594 28 AFP FIAH Ordinaries +IL2 AUSTRALIAN share prices rose 0.4 per cent yesterday as investors retreated to blue chip stocks, brokers said. The Australian Stock Exchange's main indicator, the All Ordinaries Index, gained 11.2 points to 2,621.1. The All Industrials Index added 38.4 points to 4,602.1 while the All Resources
      AFP  -  594 words
    • Article, Illustration
      Lock icon JAKARTA
      696 28 AFP Bloomberg Composite Index +&36 JAKARTA shares closed slightly higher yesterday on lack of incentives and worries over political uncertainties, dealers said. "Security is okay now but it doesn't mean everything is okay," a local dealer was quoted as saying bv AFXAsia, an AFP-afTiliatej^finara-cial news service. "People still worry
      AFP; Bloomberg  -  696 words
    • Article
      Lock icon MANILA
      330 28 AFP Q Manila +36.76 PHILIPPINE share prices closed 2.1 per cent higher yesterday on blue-chip buying inspired by the inauguration of a new leader today. The Philippine Stock Exchange Index gained 36.76 points to 1,760.13. Volume rose to 586 million shares worth 743 million pesos compared to 314 million
      AFP  -  330 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8389 29 ■tammi *998 Last ll v'ei Day Net Cap L— C»w>—| ton OOP H» U, P/t $m» 22 f2 Ajlnomoto 218 I20 884 ,5* Angkasa 58 -2 47 60 54 13 85.5 122 H2 ApoHo Foo< Mlg ,42 2 >44 142 4.1 56.8 388 190 Ber)aya Land 226 unch 165 226
        8,389 words
      • Article, Illustration
        Lock icon Shares firmer despite weaker ringgit
        398 29 AFP n Composite Index +SJO MALAYSIAN share prices closed 1.1 per cent higher yesterday despite a sharply weaker ringgit weighing on sentiment, dealers said. "The ringgit faltered after the announcement," a dealer at a local brokerage said, referring to Friday's central bank statement that the
        AFP  -  398 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3552 30 BONOS, LOANS i WARRANTS m Lut Vol Day Last Quota Avg M W h Low Stno Company Sal. ('OOO) High Low Buytr Soiior Prtca 215 9 m 3000 m A MOB c5.5%*****6 10 I 10 13 20.5 5 3160 A Acar ******1 US$ 6.5 5 7.5 95 8.5 3164 Ac
        3,552 words
      • Article
        Hicom: shares at P/E of under 1.9
        188 30  -  WARRANT WATCH R R Sivanithy IT'S clear fundamentals count for little in this depressed environment. A large number of stocks are trading at deep discounts to asset values while the average market price-earnings multiple is estimated to be now a single digit. The
        188 words
    • Article
      CLOB INTERNATIONAL
      2359 30 Transaction date Jun 29 j wwwsu* sTOCMHMHnHMHMHHMMMMI Gr Gr 1998 Last VI Day Lwt Quota Mv Dtv YW N«t M Cap High Low Stno Company SaH COOP) High Law Buyar Sa«ar H C'yt P/t UrM 135 28 m s 5000 AISB 50c 47 -2 71 50.5 46.5 46.5
      2,359 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6507 31 Transaction date: Jun 29 I Cf Of M Wt Last Val Day Last Ouota 01* Mv YM Ntt Cap Avg I— t* 1*0001 Mm> Law Bwyar »—ac C'vr H P/I Soli Prtca MMISTtUU 43 13 a 1020 ACE Dynamics20c.... 13 -0.5 12 13 13
      6,507 words
    • Article
      SESDAQ
      1139 31 Or Gr M Wt l»« LMt Vat Day Lrnt Ouota Mv Mv Yld Not Ca# Avg HN» lw «*wy flamy I* COOOI H» L— l»w Cw M M Mw 134 79 2000 ABRHIdgsSe 80 79 85 39.0 86 243 65 2049 AS Auto 10c 68.5 -3.5 295 733 68
      1,139 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        219 32 Stock! Votaiiw DBS Land 9.073,000 Wing Tai 25c 6,563,000 SingTel 15c 6,532,000 Easyknit HKIOc 5,990,000 •MBf Capital 3,541,000 •M Resources 3,457,000 •RHB Cap Wt99 3,331,000 •Magnum CorpSOc 3,143,000 STEngglOc 3,009,000 *RHB Cap Btid 2,884,000 Stacks SPH 29,428,491 DBS Foreign 21,820,258 OCBC Foreign 16,591,713 SingTel 15c 15,773,078 DBS Land 13,603,230 UOB
        219 words
      • Article, Illustration
        HOT STOCK
        67 32  -  J* -by Shiv Tanaja CLOB-Listed Rekapacific Bhd closed half cent lower yesterday at 12.5 cents on a volume of 2.56 million shares, compared with its 10-day traded average of 3.6 million shares. While the counter is trading at a two and a half year low and the weekly
        67 words
      • Article, Illustration
        Market dips as yen fall renews currency worries
        649 32  -  STOCK MARKET COMMENTARY Prices weaker across the board as investors steer clear amid expectations of a worsening economic outlook By R Sivanithy THE lack of confidence in local stocks was plain for all to see yesterday as prices closed weaker across-the-board, reflecting
        649 words
      • ON THE GRAPEVINE
        • Article
          McDonald's off-budget measures
          161 32 READERS "Whose appetite for good news hasn't been satisfied by Finance Minister Richard Hu's off-budget measures yesterday may find the McDonald's version more palatable. The hamburger chain yesterday said it is pleased to unwrap its own package of off-budget measures. From today, it is "rolling-back" the prices
          161 words
        • Article
          The great warrant sale
          96 32 CHNG Hwee Hong, executive director and chief operating officer of Haw Par, has informed the stock exchange that he had sold 11,000 Haw Par warrants for a grand total of $55 —and that is before paying commission. After a minimum commission of $2, Mr Chng would
          96 words
        • Article
          'Lucky'pay cut
          67 32 THE directors of sound card maker Aztech have voted themselves a pay cut for 1997. According to the company's latest annual report, directors' remuneration had been cut substantially from the $1.44 million in 1996 to $888,000 last year. This should bring more luck to the company, as the
          67 words
        • Article
          a property drive?
          124 32 THE Land Transport Authority advised us yesterday that Jalan Woodbridge, off Yio Chu Kang Road, will be renamed Gerald Drive from July 1. It said the Advisory Committee on Street Names, Estates and Buildings has recommended the change following the relocation of Woodbridge Hospital and the Institute
          124 words
        • Article
          Meeting rules
          54 32 IN some meeting rooms of Sing Tel are posted notices titled, "Sing Tel Meeting Rules." The following are the rules, correct down to the spelling. "All meetings to have agenda. All meetings should have a start and end time. One meeting at a time. B's before the C's.
          54 words
        • Article
          Saving up a big discount
          111 32 WHILE many retailers rushed to the recently-concluded PC Pair at the World Trade Centre, local computer firm Aris stamped its presence even while being absent from the event Proclaimed an Aris flyer which was distributed at the fair: "We're saving a great deal by not
          111 words
  • Page 21 Advertisements
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      70 21 y){ is J h L__——. June 30, 1998 We are pleased to announce that our investment banking entities will operate with immediate effect under the name Deutsche Bank Group. As part of this change, the following legal entities'names have been changed: Deutsche Morgan Grenfell Asia Pacific Holdings Pte Ltd. to
      70 words
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      Page 22 Advertisements Column 1
      1108 22 J' r residents of /P vV v Malaysia and Singapore, here's a deal you want to -Jc. 1 11 ■MUmbm II ijfc.y. Radisson HOTELS WORLDWIDE" The difference is genuine. SM At half price you can now indulge in the Radisson experience with a /vJ v-J±"a difference. Our Radisson Hotel Convention
      1,108 words
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      137 24 I f w Mi J) iUBM flp I V ■iH^H x* <*' J -~--mmmim i H|uß H K K II Am '-.JK ii^E^ I #P9w H /^^HP /if A WANT YOUR PACKAGE WAITING FOR YOUR II V JL I VP I |LB VP JMk A//packages are important. IH I I
      137 words
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      Page 24 Advertisements Column 2
      1214 24 [business" J IN THE MATTER OF THE COMPANIES ACT, CHAPTER 90 AND IN THE MATTER OF UIC HOLDINGS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FMAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act. Cap. 50 that the Final Meeting ol Members of the
      1,214 words
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      Page 25 Advertisements Column 1
      966 25 I I This is the first week in the life of Warburg Dillon Read, and our I I M IS achievements to date make impressive reading. A division of one of the I I H ■J world's largest banks, ÜBS AG, we have already redrawn the map of I B
      966 words
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      Page 26 Advertisements Column 1
      110 26 j With |BA I B Iftfor products ■IB HB HB B and services, China a market you Hong Kong have bl Kill unrivalled experience and contacts on the Chinese To a the biggest market, call the Hong Kong KIEJEJ H I I Ukll HBI Zm. Trade Development Council. We have
      110 words
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      Page 26 Advertisements Column 2
      9 26 vfiusme&s/ Seroice&J^Hxlucts^ The Straits Times Classified Classifications 201-266 i
      9 words
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      88 28 Hello? I'm calling about\ you're\ mso a PPY j i.| I round my pet through your advertisement in I great...just like I tu e- t" r>i r- j 1 I I j I I Ihe btraits I imes Classified. J A Ihe btraits I imes Classified... I V the ad
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      Page 30 Advertisements Column 1
      24 30 advertisement in surprise/^ my girlfriend. N f Buying or selling through J (jar; The Straits Times Classified is child's Play. call CAT.S. at 1800-737-1166.®
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      472 32 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 Gleneagles hospital SINGAPORE GLENEAGLES HOSPITAL LTD 5595,000,000 Floating Rate Notes Due June 2000 In accordance with the provisions of the Notes, notice is hereby given that the Rate of Interest for the 3-month period from 30 June 1998 to 30 September 1998 (92 days)
      472 words
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      Page 32 Advertisements Column 2
      558 32 Unibank The Unibank Group The Unibank Group Balance Sheet Profit and Loss Account m at 31 December |W() 1997 (9% 199? (DKK'OOO) (DKK'OOO) (DKK'OOO) (DKK'OOO) nterert receivable 15,207,695 15,627,631 Interest payable 8,724,707 9,710,725 n l l. j *I, Net interest income 6,482,987 5,916,906 I Vj3sn in hand and balances at
      558 words
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      469 32 SHANGHAI INTERNATIONAL TRUSTS INVESTMENT CORPORATION (established under the laws of the People's Republic of China) U5570,000,000 FLOATING RATE NOTES DUE DECEMBER 1998 !n accordance with the provisions of the Notes, notice is hereby given that for the six month interest period from 30 June 1998 to 30 December 1998, the
      469 words
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      Page 32 Advertisements Column 4
      383 32 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF ITALADE TECHNOLOGY (SINGAPORE) PTE LTD (In Members' Voluntary liquidation I NOTICE OF FINAL MEETING NOTICF. IS HEREBY GIVKN (hit pursuam 10 Section .108 of the Companies Act, Cap 50 that a Final Meeting of the members
      383 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      308 33 Bridge News Reuters THERE was talk of last quarter '98 and first quarter '99 cargoes being covered on the US Gulf to Japan run at weak rates of US$l6.OO without combination port discharge. With owners or operators willing to take these levels now, the outlook continues to seem
      Bridge News; Reuters  -  308 words
    • Article
      MARITIME STOCKS
      268 33 SS Hi CWT Distribution.. 0.465 *0.025 46 ClMMnHwp 0.36 *0.005 1 Cosco Invastmant 0.51 -0.0t5 9 Freight LMu !0.» unch 17 C8 Holdings 0J1 *0.01 12 Hal Sun Hup 038 -0.025 979 HNacMZoam 0.57 *0.015 54 IMC Holdings HK 5.60 JayaHoldlngs 0.395 *0.005 3 Jurpng Shipyard —6.15 unch
      268 words
    • Article, Illustration
      Lock icon Polish captain in tanker collision pleads guilty
      631 33  -  Master of Evoikos asks for review of charges; trial to resume on Friday By< George Joseph [SINGAPORE] The Polish captain of a supertanker involved in Singapore's worst oil spill pleaded guilty yesterday to charges of negligence and speeding. The plea by Jan Sokolowski,
      ERNEST GOH \ STRAITS TIMES  -  631 words
    • Article
      Sinotrans to expand ocean-going fleet by half
      314 33 [LONDON] China National ForEign Trade Transportation Corporation Sinotrans China's largest stateowned foreign transportation company, is increasing its ocean-going fleet by 50 per cent over the next two years. For the first time in its 48year history, Sinotrans has been granted a US$l billion
      314 words
    • Article
      Lock icon Auckland port gets nod for NZ$ 100m extension plan
      268 33 Reuters [WELLINGTON] Ports of Auckland Limited (POA) said yesterday it had received Environment Court approval for a planned extension to its Fergusson container terminal, a project with an estimated NZ$lOO million (5585.7 million) price tag. In a statement the company said
      Reuters  -  268 words
    • Article, Illustration
      Lock icon Man behind a success story
      1075 34 CRUISE INDUSTRY Kirk Lanterman turned loss-making Holland America Line into one of the world's most profitable cruise lines Holland America Line HIS name is synonymous with Holland America Line. Yet Kirk Lanterman came to the cruise industry from the tour business. He had joined Westours,
      Holland America Line  -  1,075 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      259 34 PAGE Oanveron 4 ACL 9 D)dk Lloyd 9 ANL 3 Dongnama 3 Accord 8 ECL 5 Ap pen ship 5 Ethiopian 6 Astro 3 Eurohans 6 Austral 9 E*ergreen 6 USA 7 Foong Sun 6 Batamindo 7 CLink 4 Bayswater 6 Gemartrans 8
      259 words
    • Article
      SHIPPING GUIDE
      24256 42 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vt»«l Voyaga 7*l*pfton* ETA ETA Advtrtl s*r VmiH Voy aq* T»4*phon* SIN D*st'n Nam. Nam* Numb*r Num&*r SIN OosTn Nam* Nam* Numb*r Nun—r INNMMOMMMNMNMMMNaNMMHMMNMMMMMMNNMMMNHMH nMMMHMMMMHnMCMBaHMMaMMRMMMMMnXNMMMMMnMMMMnMMi OS/07 a/07 Hyundai MM HY TRUSTY 303W *5-*****44 A 05/07 29/07 Ouadrant VILLE DC SAGITTA 235W *5-1)*****
      24,256 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        677 47 Voy No Btrth Arrival Departure "*"**'15 w.06/1900 *****6 J02 alongside 29 04/2300 J 3JUN98 J01 alongside 30.04/0300 0W4,# alongside 30.04/0600 J JUHW J01 alongside 30.04/0700 5 J* *****8 J01 alongside 29.04/1700 J* *****6 J01 alongside 30.06/0100 5 SwiM *****$ J01 ikxvQSKJf 30.06/0100 «T«ig» Ja JUM28 JOI alongside 29.04/1700
        677 words
      • Article
        CONTAINER SCHEDULES
        1576 47 RECEIVING Of EXPORT FCL CONTAINERS AND LCL CARGO Bookln<j/&il«nct Rstls SWp Voy Wo Etb/Btr Period From To From kct Hibiscus MM 30/2359 tt 29/1500 29/1459 29/1900 29/1500 29/1659 29/1900 2A 29/1700 30/0*59 30/0900 21 29/1700 30/0699 30/0900 3 30/0700 30/1159 30/1400 8190N 02/0700 W 29/1500 29/1659 29/>90C 29/1500
        1,576 words
      • Article
        GLOBAL HOLIDAYS
        174 47 Jun3o Brunei: Half Year Bank Closing. Ml 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 ft. Thailand: Asanha Bucha. JnllO Thailand: Khao Phansa
        174 words
      • Article
        COCKETT BUNKER MARKET REPORT
        977 47 THIS report, compiled by Cockett Marine OU Ltd. shows price ranges In US dollars instead of single prices for a more comprehensive description of the market Price* shown are based on average-sized stem Market movements are indicated The Cockett Bunker Price Index change and the Individual
        977 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        378 47 Carton 180 Mai 994.5 1.0 17.1 0.09 84 0.05 JwiZS Density Water IhMm Ask AkimMum Sediment No above £25 4 0 tO 0 10 380 Ave 986.6 0.2 16.5 0.06 30 0.03 fan. 380 Mai 991.6 0.9 I9.S 0.11 58 0.09 xt/wi v/» MAt gg m
        378 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Airbus still studying 100-seat jet joint venture
        365 48  -  Partners in USs2b project include Singapore Technologies, which has 15% stake From Marcus Hand in Toulouse AIRBUS Industrie is still studying the future of a jointventure in China which includes Singapore Technologies, to develop a 100-seat commercial jet. "We have an agreement that
        365 words
      • Article
        Lock icon Major Asian airlines may face collapse
        285 48 AFP [SYDNEY] Some of Asia's best known airlines face collapse because of the impact of a worsening economic crisis in the region, an Australian aviation expert warned here yesterday. Centre for Asia Pacific Aviation managing director Peter Harbison said other carriers would be forced
        AFP  -  285 words
      • Article
        Lock icon Coffee spill in control tower led to near mid-air collision
        374 48 Reuters [NEW YORK] Coffee spilled in a control tower distracted controllers long enough to delay instructions to a passenger jet, causing two planes to pass within 6 metres of each other over New York's LaGuardia airport, the Daily News reported
        Reuters  -  374 words
      • Article, Illustration
        Lock icon German rail crash will hit Deutsche Bahn's earnings
        215 48 Reuters [BERLIN] German Railways, Deutsche Bahn AG, said the derailment of one of its high-speed ICE trains earlier this month in the country's worst rail disaster would hit its 1998 earnings. The precise cost of the disaster was not yet clear, German
        Reuters; REUTERS  -  215 words
      • Article
        Lock icon PAL workers seek meeting with Estrada
        432 48 They will stage massive rally on president's first day in office tomorrow AFP [MANILA] Philippine Airlines (PAL) workers, angered by the retrenchment of some 5,000 co-employees, will greet President-elect Joseph Estrada's first day in office with a massive rally, union leaders said yesterday. The
        AFP  -  432 words
      • Article, Illustration
        Lock icon Japan to allocate more landing slots at Narita airport this week
        489 48 Bloomberg [TOKYO] Japan will allocate landing slots at Tokyo's international airport this week, the first time in seven years that additional slots have become available, said an official at the Transport Ministry's aviation bureau. The slots at the New
        Bloomberg; FILE PHOTO  -  489 words
      • Article
        Lock icon Kintetsu finally acts on planned railway line
        261 48 Bridge News [TOKYO] Kinki Nippon Railway (Kintetsu) is finally moving forward with plans to build a railway line linking central Osaka and Kansai Science City, which is spread among Kyoto, Nara Prefecture and Osaka. The company waited almost 10 years after receiving approval
        Bridge News  -  261 words
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        AIRCRAFT ARRIVALS AND DEPARTURES
        1695 48 arr fucHT eta awn etp MM 8A7381 1930 8A7382 2055 S0803 1905 CZ354 0910 0F81 1930 0f82 2055 COS 2045 S8I04 TOO ***** 2220 Hanoi ****** 1310 **740 1410 AmtcrdM N***** 0755 U.844 0040 W74I 1925 SO327 0755 KL838 2300 MVO T6407 1540 TG408 *35 GA975
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      22 33 Man behind Holland America Line's success story Kirk Lanterman turned loss-making cruise line into one of the world's most profitable. Page 2
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      429 33 Air France has appointed Marc Benedetti as regional director for South-east Asia and Australia. He will be based in Singapore and will oversee the development, sales and growth of Air France in Singapore, Malaysia, Indonesia, Vietnam and Australia. Prior to his current posting, Mr Benedetti was based in India, overseeing
      429 words
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      68 33 Airbus still studying 100-seatjet joint venture Partners in USs2b project include Singapore Technologies, which has 15% stake. Back Page I f St/ >t < 1{ liP A I Sailing Schedules, to Asia More. Anv destination, anv time. 2 4 hours a da y in th e Ship p i n
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      773 34 nuptwwurairown [auty miiac* i»*pit p*oq 1 VtSStt VOY*Of 101 I SIN VISSII VOT |JU DNN |MM"I MO KAI |CM|KG I SM ooaMUita 24m" !;/2 05/07 m PftONOUOTV>AHIUM >0/04 12/04 12/10 U/04 19/04 21/04 27/0* 20/04 OOaCAURMNU 20W525 24/ M 12/17 PiO NDUOYD DUOAI IK 17/04 19/04 If/04 21/04 M/ 04
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      649 34 Lries services represented rt by ibefs o< the Registry o( s»Wxe^F^dea Accredited Shipping Agents WMMr Association Singapore Shipping Association sailing schedules Shipping Times Jut talk to 0a... I Irl» Llm 740-2044 Jtrrod Leong 740-2089 R^^^^^^^^^^H|BB||||||||MlMll|B|M EXPORT 3 x Japan •2 x Hongkong ■1 x Manila •1 x Koofhiung, Koolung (Accopting
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      1078 35 I SAX SERVICE (DIRECT) Vtssa VOY SMI ETA lAX OAK PAL HOU CHI OX MM Ml MTC auswb. 0031 24/06 09/07 13/07 13/07 14/07 13/07 14/07 14/oy 22/0; 22/07 ATIIUWUOBI 0171 01/07 16/07 20/07 20/07 21/07 20/07 21/07 21/07 22/07 22/07 Aft SAMONYX 00«~ 07/07 23/07 27/07 27/07 2S/07 27/07
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      Page 35 Advertisements Column 2
      2101 35 (2) HANJIN SHIPPING HANJIN SHIPPING (S) PTEITO Imp ho** cam IOOKING 32M23S 237 SAIfS 32M224 231 CKXUMEKI *****71 274 OPERATIONS 32*0241 252 MAIN UM *****55 FAX *****40 aNO **********0 M TO NW USA CANADA USA CANADA* FOK VSI/VOT IAM I SIN UM HAIA/VOY SU TIW 0W POX oi iSP PfT
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      408 35 FULLY CON TA IN Hill P P> P ICi AT' P II IV 11 <« 1I VESSEL WY_ _SHI_ PIG VOY SIN HK6 KE DSN PUS [VESSa T YOr I SIN I PIG IVESSEL I IMAI? I nffn? j MONTANA 04S 21/04 30/04 04N 01/07 05/07 07/07 04/07 10/07 [jjjs
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      1446 36 DSRSENATOR LINES TO UK/CONTINENT TO F*m SEA/MKDfI'EHRANEAN/CANADA w «W L£H HTM AWR HAM MV FLX VES«L VOY JID GH SK TO KIC MTU HAMJM TOKYO WMT7 M M 1717 I*.*7 .2* *7 aO7 817 74 *7 WASHINGTON SEMTOfI WMS3O 0107 12*7 I*o7 20 07 22 tl 2* 91 J1 07
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      1232 36 MY YML lntorn#t Web Srt htt P www.yml.com.tw Jll<l4* ft- v 4 'I j) \II jlllh 14! l J:1 J: I'J f >T1 ARRIVAL FIXED OAYTUCSOAY VESSEL VOY LEH FXT HAM ANR HFA SIN MING SUN ABI9E SLD SLD SID SLD SLD 30/06 MING GALAXY AB2OE SLD SLD SLD SLD
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      421 36 Kijlssbitonune Sy TILt *****56 FAX: *****12 1 MUARA LABUAN vissa vor no n* vissa vot no n* SKMf MUABA SPOKI UN AIKAGIOtY Vltt/W 29/06 02/07 VW.CUWT Vlti/W 20/04 03/07 IWOSfBt VI7I/* 03/07 04/07 J.HOSW VI7I/00 03/07 #7/07 APuaanr viti/oo 07/07 10/07 Anaootr viti/m 07/«7 11/07 IWOSTB VIM/08 12/07 IS/07 J-FtOSfB
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      1310 37 I VESSEL VOY SIN POU PKQ PEN BLW BUR PUB BA BIK IRAN TEYFOURI PJL 1287 08/0« 17/06 18/06 IRAN MOBIN PJL 1283 21/06 30/06 01/07 IRAN QMEYAMAT PJL 1282 05/07 14/07 16/07 IRAN MATIN PJL 1287 20/07 28/07 30/07 ACCEPTING CONTAINSRAREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN A CIS
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      Page 37 Advertisements Column 2
      2598 37 fvgl DIRECT SAILING TO SHANGHAI ft XINGANG r SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (l/l) T *****0^™>OHo!roSKr™™™™ B ,1,,,1 COSTAR SHIPPING PTE LTD #17-O«OISILOG SALES/BUGS *****41/43 INWARD DIPT (D/OI *****85 COSTAR AGENCIES (M) SDN BHD CR NO: **********0 M TOWER TWO (*****9) CONVENTIONAL *****50/55
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      1291 38 EUROPE/UK/SMHOIHAVIA/FIHUUID/HUSSI* SGP ROM ANW HBG THP ZEE LHV LHV THP HO* ANW HBG PKL SGP E ROUNO RW-032 04/07 23/07 28,1)7 24/17 26/07 27/07 E REWARD RE-U29 OVO6 06/06 00/01 00/00 11/00 04-1)7 05/07 E DIADEM RW-001 13/07 31/07 05AM 01/10 03/00 04/00 05/08 E RIGHT RE-034 11AM 13AM 12/00
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      743 38 AM MAC-MELS S'frOftE M'SIA I Carrier: MN COMTR LINES, INC P. QUOANG: (07) *****26 I 1 fVvV I NO! 120M7S0000C SJBU: (064) *****9 MANILA: (632) *****24 VW PENANG: (04) *****36 BANGKOK: (862) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 KIXXNQ (082) *****1-3 BANGKOK
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      Page 38 Advertisements Column 3
      453 38 /CTT NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRKA vissa voy sm I nu I pub I cft I r/rat NANUI QUEEN V.021S 10/07 11/07 22/07 71/07 31/07 NANUIDHA6ON V.007S IS/07 25/07 21/07 03/01 mmirwig y.023s mi W/M IVW NAMIAJ VENUS V.O2K 03/08 12/01 14/01 21/01 2V« WW MM
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      377 39 «■> MYANMA FIVE STAR LINE (Myoimar Notional Um) W Loading for Yangon (Rangoon) VBSCL VOY SIN KG PIN PGU BAGO 102W SID MONGU ISO ill lAUTSU AGfNTS: BOUSTEAD SHIPPING AGINCKS nut Til 02-03-*****00 PKL TEL 02-03-37M101 PIN: Til 02-04-2****** PGO: TEL 02-07-*****21/4 BANK LINE (A strvict of kmiitw W«ir Shipping)
      377 words
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      1143 39 HAfAT I HYUNDA^JERCHANTJJAARINECOj^^D^^^^^^ NOKAJH. OMW N/04 IS/07 14/07 18/07 21/07 NOl CORAL 0011 12/04 13/04 07/04 09/04 30/04 MNUII SJ9W »/07 20/07 25/07 22/07 23/07 HYADMMM *****1/04 1 J/04 10/04 11/04 12/07 TY* S22W 93/07 24/07 25/07 19/07 21/07 HY MGMESS 3111 10/04 17/04 13/04 14/04 04/07 HYTOBMI JI2W 14/07
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      1123 39 MBI norv»qgKin spacnfead a/kxaman Qm°KS mm mmu/ves TO NORTH AND LATIN AMERICA "*ORO HEAVYUFT SERVICE* [VESSEL VOY RAMP HEIGHT SIN LAX CRL MIA SAV BAL OV NYC NEW MM TARONGA Fit 3 400 T«s 4.3 M WTORT 25/07 057 M 0470T WW "WOT TT7oT 12/08 Tt76T 19/01 TAIKO FII4 4001
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      811 40 AMQKOK/lAIM CHAIANQ JAK ART A/PAN JA NO VESSEL VOY SIN SIKK LCH VESSEL VOY SIN JKT PJN CHAWA BHUM" 24N ~ln Pt ~~03/07 ANRO JAYAKARTA* 045 In Pt 02/07 BANI BHUM 104N In Pt 04/07 03/07 THANA BHUM 293S 01/07 04/07 NANTA BHUM" 400N 01/07 04/07 06/07 QURU BHUM 84S
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      Page 40 Advertisements Column 2
      503 40 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL; *****68 FAX; *****64 Km *9 TLX: R*****5 SINMER CR No: **********0W Receiving Cargo at PTI Blntulu Muara vtssti vor sin m w& m m m I bio* mm 03-04/07 09/07 MM V*lK Wpl-01/07 «*/D7 ISaio V ***** 01-09/07 15/07
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      Page 40 Advertisements Column 3
      564 40 A ACCORD A SHIPPING PTE LTD TEL *****15 (40 Lin**) FAX *****30 K*T UAhG (03)367 1001 K M DIRECT ACCESS m: *****55 (EXKMT SOOKINO) FAS* GODAHG (07)351 1377 *****34 (EXPORT DOC), *****39 (IMPORT) rtMAMG (04)*****49 URUHTTR://WWW-ACCORD.COM.SO JJULAITA (71) UO 0770 POtT ETA SIM POBT nA SIN POKT ITA SIM POET
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      412 41 INDONESIA NATIONAL LINE TO EUROPE "1 EXPRESS SgMI-COffTAJNEfMSED SERVICE ,Sl VOT S POME A 0«M/B QAM H lUR6 IRtWtM AMTWERP A VESSEL 47Wj TFjto pjir az/jj TO AUSTRALIA FULL CONTAINER SERVICE w mi mm no mh. hm aoilb* Aft EMERALD VPS KM Tim OW7 1007 IM7 IW7 M—*' KAIJMM7 12*7
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      Page 41 Advertisements Column 2
      1013 41 ADVANCE CONTAINER LINES (PTE) LTD —/y 140 Cecil Street *12-00, PIL Building. Singapore *****0 LbZ TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CR NO. **********0E OPERATIONS: *****60 *****05 IANOKOK JAKARTA (W—tly 8 Sl«» PAT/I lift LCH/ 1 »l t »MT) (8 Salllin«ANet) VISSCL VOY SM MOI VBSSa VOY SM
      1,013 words
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      Page 41 Advertisements Column 3
      840 41 (Kg»gg||H [VESSELS I VDY 8W **l JED I MLA LEH HAM THP I RTM ZEE V-LE DC AMTAftfcS L2BW 01/07 I<VO7 14A17 20/07 21AJ7 23/07 21*07 24/07 V-LED6VWOO S2BW 07/07 15/07 20/07 28/07 27/07 29/07 29/07 30OT VJ-E 0E VELA N2BW 14/07 22/07 27/07 02/06 03/06 06/06 0&O6 OMM VXEDEOEMXA
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      52 43 Dial 740-6000 ITI3 RCJ —MU (Retrieve more schedules!) S^Press'r ~JSm\ Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number I If Enter your phone number Another Innovative service offered by The dOClirnent Will be SHIPPING TIM ES S
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      50 45 ■rmTAjl Dial 740-6000 on demand —JB# (Retrieve more schedules!) Press "1" I Select the port and key in the four digit code eg: To New York (NYC) 2275 srrf) Key in your fax number I your phone number Another innovative service offered by A The document Will be SHIPPING TIMES
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  • Page 47 Miscellaneous
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      Page 47 Miscellaneous Column 1
      119 47 —mim LEGEND R Thunderstorm Temperature c ><S Shower Weather Wind direction with speed m knots e Rom V^/ Cloudy Sky Wow h «'9 hf *»rfoce winds ore indicated by arrows which fly with the wind One tuß circle represents colm or light and variable winds One half Heche represents 5
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