The Business Times, 13 July 1998

Microfilm: NL21203
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    18 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c SING A P O R E Internet: http://www.asial.com.sg/biztimes MONDAY, JULY 13, 1998
    18 words
  • Article
    MARKET SUMMARY
    57 1 STOCK MABKET INDICES Week Change ST1I 1,090.35 -32.32 BTSRI 454.71 -21.80 KLSECOMP 428.62 -45.16 NIKKEI 16,090.06 -421.18 HANG SENG 8,205.77 _...-433.54 SET INDEX. 274.26 +0.52 JAKARTA COMP. 463.58 -6.97 MANILA COMP. 1,802.21 -57.03 TAIPEI WPI 7,883.16 +6.92 SEOUL COMP .304.97 -2.88 CLSA CHINA B 759.87 -23.36 AUST ALL
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  • Article
    FINANCE
    77 1 FOBEX BATES USS SS USI 1.727 2(US$/S$perS) 1.632 .2.818 DM 1.828 0.945 YEN 141.4 1.221* RM 4.242 0.407 HKJ 7.749 0.223 BAHT 41.65 0.041 RUP1AH 15,200 0.011* SS to 100 units PRIME RATES SINGAPORE* 7.88 KUALA LUMPUR 11.50 JAKARTA 28.00 BANGKOK 14.75 MANILA 22.90 HONGKONG 10i5 TAIPEI 8.80 SYDNEY
    77 words
  • Article, Illustration
    CPF cut not ruled out if economy slides further
    619 1  -  Minister's remarks reinforced as NTUC tells workers to be prepared By 1 Teh Hooi Ling [SINGAPORE] Manpower Minister Lee Boon Yang yesterday said the government has not ruled out a cut in employers' Central Provident Fund contributions should the economy slip
    619 words
  • Article
    Deferred payments hold risks for developers
    453 1  -  Buyers may not get sufficient loans if prices keep falling By i Clarissa Tan, Ang Wan May [SINGAPORE] Property developers who offer deferred payment schemes to boost their sales may be deferring a potential problem of buyers being unable to obtain loans to fully
    453 words
  • Article, Illustration
    Lock icon Habibie leans on cooperative action
    50 1 [JAKARTA] Indonesian President B J Habibie tries a reclining chair on display during a ceremony marking the country's "51st Cooperative Day" held in Jakarta yesterday. Dr Habibie urged the nation to use the power of cooperatives to help overcome the nation's serious economic crisis. REUTERS
    REUTERS  -  50 words
  • Article
    Lock icon Economic growth seriously below target, China warns
    368 1 AFP [BEIJING] China warned yesterday that economic growth was seriously under target and that ailing finance institutions might soon have to close. "Economic growth is estimated at 7 per cent during the January-June period and it will be a formidable challenge for the
    AFP  -  368 words
  • Article
    Lock icon Hashimoto may quit after shock election defeat
    698 1 Global currency and stock markets in for turbulence: analysts Reuters (TOKYO) Japanese voters yesterday handed Prime Minister Ryutaro Hashimoto a shock electoral defeat that looked certain to force his resignation and leave his plans to rescue the economy in tatters. Financial analysts forecast
    Reuters  -  698 words
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      174 1 INSIDE Asia and the Wall Street babble Anybody with horse sense can figure out that what's really happening on Wall Street now is just another speculative binge. And one day for no clear reason, the bubble will burst. The recovery of Asia's markets will also happen in a similar fashion
      174 words
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      Page 1 Advertisements Column 2
      176 1 6 We would be more hesitant to expand. f f A We certainly have learnt some lessons 9 Mirzan Mahathir, on his shattered logistics empire, See Pg 18 Automatic Chronometer in 316L steel, by Mauboussin. S$ 5,380. MAUBOUSSIN since i 3 27 EXCLUSIVELY AVAILABLE AT: MAUBOUSSIN BOUTIQUE «0I I'M NC'.EE
      176 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Crisis hits Deutsche Telekom's returns on regional investment
      573 2  -  It may have to pump more money into its ventures because of currencies' slide By' Teh Hooi Ling WERE it not for the Southeast Asian economic crisis, Deutsche Telekom (DT) which has pumped some US$2 billion (553.4 billion) into joint ventures in
      573 words
    • Article, Illustration
      Lock icon US electronics orders fall in May
      333 2  -  EYE ON THE ECONOMY Electronics By, Jennifer Lien Reversing two consecutive months of growth, new orders of electronic components in the US fell 19.7 per cent in May as inventory growth continued to outpace shipments. In April, new orders had surged a revised 30.4
      Source: US Commerce Dept  -  333 words
    • Article
      Nimble changes help hotels to hold out better
      692 2  -  Luxury hotels target US, UK, take more conference groups By Carol Eng DESPITE the limping tourism industry and plunging visitor arrivals, Ritz-Carlton Millenia hotel actually raised room rates in the first half of the year, and maintained occupancy at the same time.
      692 words
    • Article
      Corrections and clarifications
      63 2 IN our review of the Volvo SBO on Saturday, an accompanying table stated that the price of the car was $135,888. That is incorrect. The model has not been imported yet and the price has not been decided. In updating our table, we inadvertently left unaltered the
      63 words
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      61 2 For the latest technology, at the best prices, here're some numbers you shouldn't go past. 800 601 1054 DIMENSION LATEST dell inspiron latest dell® inspiron 3200 D266XT H 3200 D233XT I DELL'S WIRED! I I Visit www.dell.com/ap/ LATEST DELLt PRECISIOM I LATEST DELL® POWEREOGI'" WORKSTATION 410 (MMP1 I 2300 SERVER
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Thai builders warn of impact from cutbacks in public projects
      483 3  -  65% of contractors are technically bankrupt and rest face risk of closure Frot i Alan Boyd in Bangkok THE Thai construction sector has warned of a debt spiral from insolvent contractors following a new wave of budget cutbacks affecting public
      483 words
    • Article
      Lock icon BOJ planning system to give yen-denominated loans
      324 3 Reuters [TOKYO] The Bank of Japan (BOJ) is planning to introduce a system to provide yendenominated loans to other central banks mostly in Asia in order to better internationalise the Japanese currency, a financial daily reported yesterday. The BOJ would propose the idea
      Reuters  -  324 words
    • Article, Illustration
      Wall St bubbling, not unlike Asia 4 years ago
      715 3  -  CRISIS WATCH But, sooner or later, the tide will turn for both By Vikram Khanna ASIA'S crisis has helped bring into sharp relief just how whacko the world of high finance can get. At the close of trading on Wall Street
      715 words
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      183 3 BIS opens Asia rep office in HK, Pg 19 Some things in life are worth waiting a lifetime; so what's 17 years? W B 9 9 K S m K jj^fcaaMM^..,. #M >^K -i— M{ j ul. ~wi VJ 11 i i i i ii ihilKiin Ti ill iif The
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  • FOCUS
    • Article, Illustration
      Golkar gets reformist face
      1380 4  -  Habibie's hand stronger as many Suharto loyalists are dropped from new central committee Yang Razali Kassim The writer is BT's regional analysis editor. in Jakarta DESPITE the show of decorum by the contesting camps, the tension in the hall during last Saturday's extraordinary assem bly of
      1,380 words
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      611 4 eW J«l :l il5 k wiQETQTJsk DBS Venturing overseas? Enterprise Finance Scheme, your "cash-for-invoice" u i.i l t i financing could be for as little as 3.5% pa Would you like instant cash tor your invoices ana let someone else assume the responsibility for We also help to cut your
      611 words
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  • REGION
    • Article
      Lock icon Taiwan drafts major arms programme: report
      294 5 TAIPEI Nuclear weapons, military satellites not included in 10-year plan Reuters TAIWAN military authorities have drafted a 10-year programme to develop major weapons to curtail any military threat from arch-rival China, a local daily reported yesterday. The programme would not include nuclear weapons, although
      Reuters  -  294 words
    • Article
      Lock icon M'sia, S'pore should be more rational, says Umno official
      330 5 KOTABARU Issues should be resolved through proper channels Bernama MALAYSIA and Singapore should be more rational and cooperative in resolving issues between the two countries, deputy Umno Youth chief Hishammuddin Hussein said yesterday. He said that in view of the current
      Bernama  -  330 words
    • Article
      Lock icon Vietnam's state firms privatising at snail's pace
      160 5 HANOI AFP SHARES in only 11 stateowned enterprises (SOEs) were offered in the first half of the year against a government target to privatise 150 state firms for the whole year, the official Vietnam News Agency (VNA) reported. This brings the number of
      AFP  -  160 words
    • Article
      Lock icon Taipei to hold 10b euro as reserves: report
      231 5 TAIPEI Reuters TAIWAN plans to hold 10 billion euro as part of its foreign exchange reserves, a masscirculation newspaper reported yesterday. Taiwan authorities will announce the plan when the European Union declares that it will set up a liaison office in Taipei,
      Reuters  -  231 words
    • Article
      Lock icon Higher foreign stake good for Korean firms
      144 6 SEOUL Reuters SOUTH Korean firms in which foreigners have a stake over 50 per cent outperformed firms with a lower foreign stake in 1997, a Bank of Korea survey said. The central bank survey, released yesterday, was compiled with earnings statements of 2,156
      Reuters  -  144 words
    • Article
      Lock icon Senate rejection of Telstra sell-off stuns Howard
      500 6 SYDNEY Australian PM loses Assb election war-chest to finance tax cuts AFP THE Australian government was reeling yesterday after the upper house Senate, against all the odds, rejected its key vote-winning plan to privatise the remaining twothirds of Telstra Corp. The Senate's dismissal
      AFP  -  500 words
    • Article, Illustration
      Lock icon India hopes for small families
      54 6 [NEW DELHI] School children holding placards with the Indian family planning logo march around the National Stadium in New Delhi on Saturday to mark World Population Day. The Indian population is estimated to be growing by about 18 million a year equivalent to the total
      AFP  -  54 words
    • Article
      Lock icon Workers stage huge protest in Seoul
      212 6 SEOUL Rally is the largest in South Korea since Jan 1997 Reuters THOUSANDS of workers belonging to South Korea's two largest umbrella unions staged a peaceful rally in central Seoul yesterday to protest against government-led reforms. About 70,000 workers from the Federation of Korean
      Reuters  -  212 words
    • Article
      Lock icon India's fast approval won't draw foreign capital
      128 6 NEWDELHI, AFP THE Indian government's "fast-track" approval of foreign investment proposals will fail to bring major capital inflows because of red tape and continuing concern over political stability, analysts say. They argue that foreign investors will remain cautious since the success of long-term
      AFP  -  128 words
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      256 5 I Presented by the faculty from the New York University Salomon Center I 1. CFO-SENIOR FINANCIAL I EXECUTIVE PROGRAMME by Prof Edward Altman Prof lan Giddy August 24 28,1998 H 554,635.00 SIM members non-members H (554,429.00 for companies that enrol two or more participants) H Develop systematic ways of managing
      256 words
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      Page 5 Advertisements Column 2
      1040 5 www.sharp.com.sg m SHARP We're Changing the World. Finally, true multimedia la your packet ITs all Kara: Windows CE U 16MB MM. larga lull calaur USD screen, carnlortable typing keys. Internet access. Presentatiens? lust downlead any Pewernelnt® file Iran year desktop to the °ST MC-4500JL usee video out card and teem
      1,040 words
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      782 6 A BHF-BANK Aktiengesellschaft Head Office ***** Frankfurt am Main, Bockenheimer Landstrasse 10 Telex: 41 1026 Telephone: 069/718-0 Singapore Branch 150 Beach Road #03-00 Gateway West, Singapore *****0 Telephone: 291 2177 Telex: RS ***** BHF 51 Fax: *****55 SWIFT Code BHFBSGSG CONSOUDATED BALANCE SHEET CONSOUDATED STATEMENT OF INCOME As of 31
      782 words
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      47 6 OUR WAYS UPS has dedicated aircraft. OUR MEANS UPS has self-handling rights. OUR COMMITMENT UPS delivers. WITH UPS,YOU CAN REST ASSURED THAT IFS BUSINESS AS USUAL IN HONG KONG. Ups As sure as taking it there yourself. Iso 9002 Certified For more information, please call 1800-738 3388.
      47 words
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  • THE WORLD
    • Article
      Lock icon Russia on verge of getting vital IMF loan
      535 7 MOSCOW Govt says it urgently needs USslob to USslsb in loans to poll through Reuters RUSSIA appeared poised to clinch yesterday a multi-bil-lion dollar loan deal with the International Monetary Fund (IMF) which it sees as vital in halting a financial and
      Reuters  -  535 words
    • Article
      Lock icon Stagflation risk increasing in UK, warns report
      395 7 LONDON Reuters THERE is an increasing risk of "stagflation" in the British economy, with a combination of rising wage inflation and a slumping manufacturing sector, a report said today. In its latest twice-yearly forecast, think-tank Oxford Economic Forecasting said that following the Bank
      Reuters  -  395 words
    • Article, Illustration
      Lock icon Rubin shrugs off talk that he'll resign as Treasury Secretary
      329 7 ABIDJAN, Ivorv Coast Close colleagues say they believe he has not made up his mind Bloomberg US Treasury Secretary Robert Rubin said speculation that he's considering leaving his job is incorrect. The New York Times reported on Saturday that members
      Bloomberg  -  329 words
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      102 7 f oy^n I WORLD WIDE I I including lawyers, chartered accountants, chartered secretaries and I «»njers have provided confidential and cost effective company formation I inall the major low tax areas including: I Full professional after sales service provided. For a FREE copy of our 00 page colour brochure or
      102 words
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      127 7 SONY. Hi II H P^B HP *'7?P I i^ w utt HH^BOflG|^B^|M^^^BSuHS^^Hr U I I /jk i^H %.o >r ■■^^■mnh Only Sony offers the widest and most complete range of DVD players to suit every need and budget. Not to mention proven technical prowess and film-making experience. or Pjj^ DVP-S3OOO
      127 words
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      747 8 rniwr For over 25 years, Singapore Offshore Petroleum Services (SOPS), which operates the Loyang Imml% P J |1 I 111 El Offshore Supply Base, has firmly adhered to a policy of fully and consistently meeting the needs of the offshore oil and gas industry. \A/L I A jcu-cuin- <T I
      747 words
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      606 9 JAKES GOING DEEP TO NEW HEIGHS^^^I "feet, only the most efficient logistics support will 60. Btroleum Limited ma islands) OTfsttore Charters Pte Ltd •gapore *****8 ,f[ 1 J Loyang Oftehore Supply Base, Loyang Crescent Kims Associates Shell Eastern Petroleum (Pte) Ltd haw Cant™ .W Box No 5138. (16, SOPS Crescent)
      606 words
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  • BUSINESS IT
    • Article
      HP tops in Asian Unix server market
      711 10  -  IDC survey says HP continued to lead in S'pore and Malaysia too last year By Raju Chellam [SINGAPORE] Aggressive marketing, especially in the financial and banking sector, helped push Hewlett-Packard Company further ahead in the Asia-Pacific Unix server market, in value terms, last
      711 words
    • Article, Illustration
      Apple to unveil iMac at expo next week
      676 10  -  It will make its debut in September and could be made in Singapore for Asia liy, Raju Chellam [SINGAPORE] Apple Computer Inc will showcase its new, translucent desktop the iMac at a three-day Mac World Expo that begins here on July 24.
      676 words
    • ITTAKES
      • Article
        PALA & Music Asia 98
        63 11 PALA Music Asia 98 {SINGAPORE] Pro Audio Light Asia (PALA) Music Asia 98 a sound and lighting showcase of entertainment technology will be held from July 17 to 19 at the World Trade Centre. Over 250 companies from 22 countries will take part in the show, spanning 12.000 sq m
        63 words
      • Article
        TeamWARE seminar
        55 11 [SINGAPORE] TeamWARE will host a Process Solutions seminar on July 24 from 1 pm to 5 pm at Hotel Inter-Continental. There, TeamWARE will launch its entry-level work management software called TeamWARE Dolphin. TeamWARE Process Solutions and workflow software enable companies to monitor, track and control their business processes.
        55 words
      • Article
        Datacraft wins Chinese contract
        65 11 [SINGAPORE] Mainboard-listed Datacraft Asia, a communications and network systems integrator, has won a U*****,000 contract in China from the Anhui Post and Telecommunications Administration. Under this contract, Datacraft will build and maintain a videoconferencing network for Fuyang, a city in Anhui province, as well as provide
        65 words
      • Article
        JDE-Microsoft tie-up
        67 11 [SINGAPORE] JD Edwards and Microsoft have announced their collaboration to improve integration between JD Edwards' One World suite of ERP solutions and the Microsoft BackOffice family of software. From September this year, JD Edwards's future releases of One World will support Microsoft Windows NT Terminal Server Edition architecture.
        67 words
      • Article
        NetWare Training
        71 11 [SINGAPORE] Novell's NetWare 5 Boot Camp, a series of three-day seminars, will be conducted in Singapore and Malaysia for selected Novell partners from July 27 to Aug 8. The Boot Camp programme provides Novell channel partners with hands-on technical and sales training before Novell products ship. The NetWare
        71 words
      • Article
        On industrial, process control systems
        59 11  -  Compiled by Toh Han Shih [SINGAPORE] Seminars on "Year 2000 in Industrial and Process Control Systems" will be held on July 30 and 31 at the Marriott Hotel in Singapore, and on July 28 and 29 at the Hilton International Hotel at Kuala Lumpur, Malaysia.
        59 words
    • Article, Illustration
      Bobby Choonavala to head Iomega Asia-Pacific
      145 11 [SINGAPORE] Bobby Choonavala, who spent the last 32 years with Digital Equipment Corp, has taken over as the Asia-Pacific managing director and corporate vice-presi-dent of storage maker lomega Corp. In the last five years, Mr Choonavala was Digital's president for Asia-Pacific, in charge of
      145 words
    • Article, Illustration
      KRDL seeks investors to commercialise technology
      374 11  -  'IT Market Day' showcases cutting-edge technologies and draws 200 prospects Hy\ Raju Chellam [SINGAPORE] Kent Ridge Digital Labs (KRDL) is seeking investors and business partners to help turn its technologies into commercial ventures in global markets. The institute held an "IT Market Day" last
      374 words
    • Article
      Top scientist gives KRDL exhibits the thumbs-up
      366 11  -  ih,\ Kenneth James (SINGAPORE] It was a powerful endorsement of local innovation, coming from no less than John Seely Brown, chief scientist of Xerox Corporation and director of Xerox's fabled Palo Alto Research Center. "I have to say I'm very impressed with nearly
      366 words
    • Article
      Alliance to bundle ERP solutions
      251 11  -  Hi, Kenneth Goh [SINGAPORE] QAD Inc. Hew-lett-Packard and ST Computer Systems Services Limited (STCS) are collaborating to offer optimised, bundled Enterprise Resource Planning (ERP) solutions called QAD/HP Performance PaQ to midmarket manufacturing companies. QAD/HP Performance PaQ guarantees ERP implementa- tion in 100 days. It is
      251 words
    • Article
      Lock icon US health care will be affected by Y2K, says group
      305 11 Bloomberg [WASHINGTON] Computer problems triggered by the arrival of the new millennium could cause many medical devices to malfunction, putting patients at risk, said a top official of the Department of Veterans' Affairs. Such devices as X-ray machines and surgical
      Bloomberg  -  305 words
    • Article
      SAP hiring aggressively in the region
      664 12  -  Staff numbers in Asean will go up, including 70 more for Singapore By 1 Toh Han Shih [SINGAPORE] SAP AG, the fifth largest software firm, is hiring aggressively in Asia. This year, SAP will add about 70 people to its Singapore staff strength which
      664 words
    • Article, Illustration
      New Presarios enhance Net experience
      409 12  -  By. Marissa Chew [SINGAPORE] Compaq's latest range of Presarios, launched here last week, focuses on enhancing the multimedia and Internet experience for the home user. Three new desktop models introduced last Tuesday the Presario 5030, 5020 and the 5130 come with enhanced 3D graphic effects
      409 words
    • Article, Illustration
      Home-grown firm launches Net-in-a-box
      580 13  -  Internet Appliance believes the "secure Internet server appliance" is an idea whose time has come Ky Kenneth James [SINGAPORE] Home-grown Internet Appliance (IA) has launched the INTERNETpro Small Enterprise Server, an innovative plug-and-use Internet server targeted at small businesses with little inhouse IT expertise. INTERNETpro SES,
      580 words
    • ONTHESHELF
      • Article, Illustration
        Dell's new server, storage products
        101 13 DELL Computer has introduced its Power Edge 6300 server (above), "the most powerful computer Dell has ever offered". With prices starting at US$lO,OBB, the system supports up to four 400 MHz Pentium II Xeon processors and up to 126 GB internal storage drives, and is
        101 words
      • Article
        Xeon workstations from Gateway
        86 13 DIRECT marketer Gateway Inc has introduced two servers running Intel's new Pentium II Xeon processor. The Gateway ALR 9200 works on up to four Xeon processors, supports up to 4 GB RAM, comes with dual-channel Ultra 2 SCSI controllers, and is available at prices starting from
        86 words
      • Article, Illustration
        HP's new wide-format printers
        74 13 HEWLETT-PACKARD has announced two new extra-wide 54-inch-format printers targeted at print-service providers and graphics professionals. The DesignJet 3000CP (above) comes with 12 MB RAM, can be integrated with an external Raster Image Processor (RIP), can be used with HP-developed drivers for AutoCAD and Windows, and retails
        74 words
      • Article
        Aztech unveils 56K Turbo Modem
        53 13 AZTECH Systems Ltd has introduced its new 56K Turbo Modem, which comes with a free suite of communications software. Weighing 250 grams, the $199 system provides dual support for V.9oand Ks6flex standards, offers video-conferencing and full-duplex speakerphone facilities, and is distributed here by David Stephenson
        53 words
      • Article
        Iomega's cuts prices on Jaz drives
        74 13  -  Compiled by Raju Chellam lOMEGA Corp has announced up to 30 per cent price cuts on its Jaz 2 GB drives and disks, effective immediately. The Jaz internal drive will now cost $899 (less 3 per cent); the Jaz external drive, $899 (less 17
        74 words
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      242 10 m H Br THE NEW FUJI FILM MX-700 THE WORLD S SMALLEST AND LIGHTEST 1.5 MILLION-PIXEL DIGITAL CAMERA Digital photography is clearly the next big thing, hut thanks to the MX-700 it now fits neatly into the palm of your hand ■111 >V Extremely user-friendly, the MX-700's features include "Our
      242 words
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      Page 10 Advertisements Column 2
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      346 11 What good is your I Fact users have access to a dedicated Customer Support Team, on hotline phone, fax and highest priority email. accounting software I 24 hour access to Frequently Asked Questions on the Web, updated frequently. FREE Help Sessions conducted every day. H without excellent I Dedicated FACT
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      Page 11 Advertisements Column 2
      141 11 "Integrating I Payroll &HR I in the Year 2000" I A Seminar jointly organised with Compaq Computer Asia Pte Ltd July 14. 1998 9:OOAM Register Now! PKRKS The No-Compromise Payroll HR Software A Year 2000 "Designed for Windows 95" Logo certified Payroll and HR Software will be presented live! Designed
      141 words
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      128 12 r^^CTTWWW!I?BHTTTBWSiST^MwIigi^) Miinon IV Discover how Solomon IV can help save COST Register now for our FREE Solutions Seminars Visit us at http://www.solomon.com.sg t Solomon IV is one of the world s leading Windows-based and SQL-based accounting software. To know more about this award-winning product and our FREE Solution Seminars, call
      128 words
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      204 13 STESA OISP L I V PRODUCTS COMPANY Great Looks, Great Performance f I miirofitta- SI7OI V f^||r STESA> <**■ L 1 1 1 "•,*-f x "Y" f MADE-IN-SINCAPORE QUALITY High Performance 17" Display jSr 1 Whether at work or at home, here is a monitor that not only performs I
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  • WORLD CUP 98
    • Article, Illustration
      Lock icon Suker leads Croatia to third place in 2-1 win
      555 14 His goal in the 36th minute makes him the tournament's top scorer with a tally of six goals Reuters DAVOR Suker installed himself as the tournament's top marksman and led Croatia to third place in their first World Cup finals with
      Reuters; REUTERS  -  555 words
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      555 14 Get acquainted with FileMaker Pro 4.0! Voted Best Business Software and Best fBESTI Numeric/Data Business Software by the Software Publishers Association, FileMaker Pro 4.0 is here! See how easy it is to create dynamic, eye-catching web sites based on *< relational databases and how to add CDML T Jf Sl^t
      555 words
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      Page 14 Advertisements Column 2
      364 14 J. DM CONSULTANTS HB You have decided his future is outside your company. What if it K is also outside the Asia Pacific? mk K When talents are rare so, often, are the roles in which they ■I V The Asia Pacific Rim is not large. There is room for
      364 words
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      525 15 Buy It. Sell It. Find It. Classified. I CATS. Call Today For Results Tomorrow. 1800-*****66 Where to wine, dine and entertain., "S (jjjftaSr »»ft m** MI trm Hungry? Seafood rresli Irom the Net... Cheers To a night of ■w% 1 great fun and f J entertainment ■k -|fl at Cangtry's
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  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      833 15 TVVRADIO Premiere 12 8.30 Monday Prime Time 6.30 MakingofDushman (r). k^»l*i;¥»TSTiT7>n^ll rZ-, Movie: Cliffhanger (See 7.00 Mediterrania. 2 -30 PM TV Innovations. Our Choice). 7.30 Tamil Seithi (News.T). 4-00 Kidz Blitz: Space Goofs i 0.30 News 5 Tonight. 8.30 Berita 12 (News, M). A 4.30 Kidz Bhtz: Grimm s 11.00
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    • Miscellaneous
      Page 15 Miscellaneous Column 2
      280 15 CKVPTIC CROSSWORD 1 Yet part's possibly material 5 Sets forth conditions (6) g 9 Gather around when a number are behaving badly (8) HB 10 T-junction snarl up (6) 12 Keep quiet about warm cover- 1 2 ing( 6 m mtm 13 One who hates having to check in beasts
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Just short of a magical night
      748 16  -  Painful chords haunted the orchestra, but music improved as evening wore on, says p y van P Y VAN IN the midst of the South-east Asian turmoil, a good dose of pure, unadulterated escapism seemed just the thing to take one's mind off economic
      748 words
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      146 16 [nlssan FORKLIFT 'V 1 <■' fylUf- *t V' JE| X *«s J W v"V WRT, wvi r s r f r f r r fV \j| It k V \i 1 i i v .j rfl lr I f ■•-■wx ymi I I I- X x V v I I
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      143 16 $14 to $45. At Le Meridien /Refoldingyour seminar on Orchard /load gii'es \oit three distini I advantages. lirst, l.e Mendien's strategic location is an ideal business address. \ext. we pamper \ou with fieisonahsed attention from our Hani/net and onjerence (.oordinatoc Finally, the attractive juicing oj out nexi'ly created sent i
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  • COMPANIES & MARKETS
    • Article
      Salomon sees value in banking sector
      409 17  -  STpore bank sector may provide unique opportunity with PEs at record lows From Neil Behrmann in London SINGAPORE banks are "reasonably well positioned" to ride out the turmoil in the coming year and long-term share valuations appear attractive, contends Salomon Smith Barney. The two
      409 words
    • Article
      Lock icon KL rating body downgrades 32% of private debt securities
      293 17 MBT [KUALA LUMPUR] Rating Agency Malaysia Bhd (RAM) has downgraded 32 per cent of private debt securities issued between July 1997 and May 1998 as more companies face difficulties in financing their debt. RAM manager for infrastructure, utilities and real estate
      MBT  -  293 words
    • Article, Illustration
      Malaysian firms must bite the bullet
      752 17  -  MARKET MATTERS Reluctance to sell assets at a loss will only slow recovery By Eddie Toh MALAYSIA faces the grave prospect of more corporations buckling under mammoth debt's that are ballooning by the day. Taking a fresh approach to the problem. Prime Minister Mahathir
      752 words
    • COMPANIES
      • Article, Illustration
        The Mirzan Mahathir story
        1549 18  -  Dr M's eldest son is disappointed that his efforts have not been appreciated Froti Eddie Toh in Kmit<i Lumpur WHILE Malaysian Prime Minister Mahathir Mohamad is fighting his biggest battle on both the political and economic fronts, eldest son Mirzan is slowly picking up the pieces
        1,549 words
      • Article
        Lock icon Legend poised to ride China's computer wave
        457 18 Computer firm made profit of HKs73.3m in year to March 31 Reuters [HONGKONG] China-backed computer distributor Legend Holdings has seen an impressive return to profits and is well placed to seize the growth potential in China's fast expanding market, analysts say. A favourite
        Reuters  -  457 words
      • Article
        Lock icon Coca-Cola Beverages IPO values it at £1.7b
        149 18 Bloomberg (LONDON] Coca-Cola Beverages pic (CCB) said it will sell shares to institutional investors at a top-of-the-range 160 pence per share, valuing the world's fourth-largest CocaCola bottler, which starts trading in London today, at £1.7 billion (Ss4.B billion). Spokesman Alex Sandberg said institutions
        Bloomberg  -  149 words
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        Lock icon Roche Q2 sales up 37.9% on takeover
        208 18 Bloomberg [BASEL] Roche Holding AG's implied second-quarter sales rose 37.9 per cent, as revenue at the drugmaker was lifted by its takeover of Corange Ltd and the introduction of new drugs. Second-quarter sales rose to 6.69 billion Swiss francs (557.5 billion) from 4.85
        Bloomberg  -  208 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Softbank to buy 27.2% of E Trade for US$400m
        365 19 Japan's largest software distributor broadens interests in World Wide Web Bloomberg [PALO ALTO, California] Softbank Corp, Japan's largest software distributor and an investor in online companies, agreed to pay US$4OO million (Ss69o million) for 27.2 per cent of E Trade Group
        Bloomberg  -  365 words
      • Article
        Lock icon Macquarie says equities unit won't hurt profit growth
        380 19 Bloomberg [SYDNEY] Macquarie Bank's investment unit said recent poor performances by its equities operation won't stop the division from continuing to increase profit by 25 per cent a year. Macquarie Investment Management's executive director David Adams said the bank expects a turnaround
        Bloomberg  -  380 words
      • Article
        Lock icon BIS opens Asia representative office in HK
        326 19 Move will boost ties with region's central banks, it says AFP [HONGKONG! The Bank for International Settlements (BIS) opened a representative office here on Saturday to serve as a base for its activities in Asia a move touted as a sign of global
        AFP  -  326 words
      • Article, Illustration
        Untitled
        1871 19 PRIME LENDING RATES As on Jul 10 BANKS ABN Amro Bank NV 8 v» A8SA Ban* Limited gi/« AHZ Banking Group 8 Allied Irish Bank PIC 7* American Express Bank 8 Vi Arab Banking Corp 8!* Arab Bank PIC iVt Asahi Bank Ltd 8Vi Ban Hin Lee Bank Bhtf 8v<
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        Lock icon Foreign groups to benefit from Japan funds growth
        294 19 Growing mutual foods market good for Japan banks also, says Moody's FT [TOKYO] Japanese banks and foreign financial groups will be the main beneficiaries of changes in Japan's growing market for mutual funds, according to Moody's Investors Service, the US credit rating
        FT  -  294 words
    • COMMODITIES & FUTURES
      • Article, Illustration
        Lock icon Market focus stays on yen
        556 20  -  SIMIfIE Weekly Roundup Hiroko Komiya MMS International [SINGAPORE] Japan and Russia remain the major driving factors for US dollars and will continue to be volatile points for the market. A rich schedule of G-7 economic data may provide some fresh prospects regarding the relative strength
        Source: Simex  -  556 words
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        Lock icon Turmoil in Nigeria, record reserves send oil prices tumbling
        817 20 COMMODITY Weekly Roundup AFP [LONDON] Oil investors had a nervous week, with prices falling amid turmoil in Nigeria, expectations of a rise in Iraqi export levels and figures showing record worldwide crude reserves. Brent, the reference North Sea crude, ended the
        AFP; Source: Bloomberg  -  817 words
    • Article
      COMMODITY PRICES
      1846 20 SICOMrOTURES Juiw RUBBER (futures closing *s it 5.30pm) RSS 1 cents/kg) Ctos« Volume Open Mowtft High Low Sett (tonnes) Interest Aug 98 122.75 290 Sep 98 124.00 340 Oct 98 125.25 125.25 125.25 600 1450 Nov 96 126.75 1450 Dec 98 128.25 1450 Jan/Mar 99 131.75 131.75 *****
      1,846 words
    • Article
      BT SHARE INFORMATION SERVICE
      5094 21 Nat Mm CPS M'siaPlantn* Jun 29 P 101.493L 82.741 32L 25.8 Oata TV LV TY LV Mat aloe k May 28 P 3.426 1.937 14.3 8.07 CewaaY ana (Sm> ($m> lets) (eta) Mutti Purpose* Apr 15 P 71.808L 190.86) 9.2L 25.4 NatStael Mar 25 P 56.815
      5,094 words
    • MARKET REVIEWS
      • Article
        Lock icon Unstable yen likely to rock HK stocks
        287 22 HONGKONG AFP HONGKONG stocks will remain volatile in the coming week as nervous investors eye developments in Japan, dealers said on Friday. "It depends on the outcome of the Japanese elections on Sunday, whether Prime Minister Ryutaro Hashimoto would get support," said Howard
        AFP  -  287 words
      • Article
        ASIAN MARKETSRoundup
        878 22 £3 Sydney +48 THE outcome of Japan's weekend upper house election and its effect on the Australian dollar will set the course for the local bourse in the week ahead, brokers here said on Friday. "I think the most positive result of Sunday's Japanese election for the market
        878 words
      • Article
        Lock icon Meagre returns seen for investments in stocks
        513 22 NEW YORK Disappointing profits kept market mostly stagnant last week Bloomberg AFP SLOWING economies. Rising wages. Fierce competition. The strong US dollar. Take your pick from that litany of worries about US corporate profits, investors say: It all adds up to more meagre
        Bloomberg; AFP  -  513 words
      • Article
        Lock icon Footsie expected to fall on Asian woes
        436 22 LONDON Bloomberg UK stocks are expected to slide in coming days on concern Asia's extended economic demise may stunt corporate profit around the globe. Sales updates from a slew of Britain's largest companies, such as British Telecommunications pic and Marks Spencer pic, are
        Bloomberg  -  436 words
      • Article
        WORLD STOCK MARKETS
        1924 22 Q Paris -48.03 FRENCH stocks fell on Friday, led by France Telecom SA (FTE) on reports its main rivals plan to gain market share by boosting investment in fixed line and mobile phone networks. The CAC 40 Index fell 62.83 points, or 1.45 per cent, to 4,256.35.
        1,924 words
      • Article, Illustration
        Lock icon Nikkei expected to hold firm in coming week
        397 22 TOKYO AFP JAPANESE share prices are likely to hold firm in the coming week with upper-house elections yesterday seen as a neutral factor unless the ruling party suffers a severe setback, brokers said. "Share prices will be firm if the Liberal Democratic
        AFP; REUTERS  -  397 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8905 23 INDUSTRIALS Consumer products 1998 Lot Vol KM Net C< Mfh Lew Company Sale 000 High Low P/C $m 310 180 Ajinomoto 200 -18 2 2t1 200 110 81 148 45 Angkasa 48 -11 170 59 45 1.1 70.1 290 123 Apollo Food Hlg 145 3 6 145 143 4.2 58.<
        8,905 words
      • Article
        Lock icon Shares seen trading sideways to lower
        477 23 AFP Q Composite Index -45J6 MALAYSIAN shares are expected to trade flat to lower in coming days, after prices plunged 9.5 per cent in the holiday-shortened week to Friday, analysts said. The Kuala Lumpur Stock Exchange's 100-share weighted Composite Index closed the four-day trading
        AFP  -  477 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3665 24 BONOS, LOANS ft WARRANTS art 1998 Last Vol WMk Lot Quote Ayg High Lm StM Company Solo ♦or COOO) hkjh Low Buyer Seller Price 23.5 9 m 3000 m AMDB cS.5%*****6 ZTlO 23 10 10 10 13 20.5 5 3160 Acer ******1 US$ 5 -15 22 6 5 5.5 6
        3,665 words
      • Article
        Avoid Golden Frontier warrant
        221 24  -  WARRANT WATCH By R Sivanithy UNDER normal circumstances, a stock that has crashed to one tenth its value in just under two years would normally make us sit up and take notice. Even better would be if the stock had associated warrants in issue that offered
        221 words
    • Article
      CLOB INTERNATIONAL
      2428 24 Week ended Jul 10 MALAYSIAN STOCKS Gr Gr 1998 Last Val Wee* Last Ouott Dlv Mv Yld Net M Cap High Law Stno Company SaM COOO) High Low Buyer Seller C'vr P/E $mll 135 28 m s 5000 AIS8 50c 40 398 49 40 40 455 i!o 3.3
      2,428 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6783 25 Week ended: Jul 10 j Gf Gr M Wt 1*98 Last Vol Wee k Last Quote Dtv Ot» YM Net Cap Avg Mm» Lew StNo Company Sait COOO) High Low Buyor Sollof C'vr P E m INDUSTRIALS 43 13 e 1020 ACE Dynamics20c. 14
      6,783 words
    • Article
      SESDAQ
      1335 25 1998 Last Vol «Ht Last Oust* 0>v Dlv YM Net Cap Avq High Low St No Company Salt COOP) Mtgh Low Buyer Sollor C'yr H P/E Smll Ptlca 134 50 2000 ABR Mldgs 5c 80 unch 17 80 77 50 79.5 39 0 79 243 65 a 2049 AS
      1,335 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Lock icon Untitled
        436 26 Source: Deutsche Morgan Grentell Research Source: JM Sassoon Stacks Volume •MBf Capital 45.460,000 DBS Land 23,344,000 •MBF Land Bhd 19,241,000 Easyknit HKIOc 17.068,000 SingTel 15c 15,348,000 TAC BtIO 200 14,761,000 City Dev 50t 13,939,000 ST Engg 10c 13.823.000 •M Resources 13,197,000 •Pub Bk Foreign 11,371,000 Stocks SPH 112,705,810 City Dev
        Source: Deutsche Morgan Grentell Research; Source: JM Sassoon  -  436 words
      • Article, Illustration
        HOT STOCK
        70 26  -  by Ven Sreenivasan HEAVYWEIGHT properly counter City Developments has rebounded from its 52- week low of $3 78 and is attempting to claw its way back to the $500 level But the Relative Strength Index is neutral, suggesting that the upside momentum is not as strong as it
        70 words
      • Article, Illustration
        Renong's suspension rekindles investors' fears
        685 26  -  THE WHISK AWTBAIE Malaysian corporate woes, ringgit worrying but yen's movements still pivotal for market By R Sivanithy ALTHOUGH Japan and the yen's movements are expected to play a pivotal role in how the local market fares this week, an added worry has now emerged
        685 words
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      42 17 Can't Keep your house in order? If you are having problems with clogged pipes, over-grown gardens, pest infestations, poor TV reception, worn-out fittings and furnishings Get a quick fix. Seek help from the Classified. Home Needs Classifications 90 to 120. f,'? CATS.
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      49 17 This announcement appears as a matter of record only ILJI in Hongkong Land HKL (ESPLANADE) PTE LTD *****,000,000 REVOLVING CREDIT FACILITY Arrangers THE DEVELOPMENT BANK OF SINGAPORE LTD OVERSEAS UNION BANK LIMITED UNITED OVERSEAS BANK LIMITED Facility Agent ©DBS BANK THE DEVELOPMENT BANK OF SINGAPORE UD 8 July 1998
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      475 18 EXECUTIVE Appo litll/( )lts To aduTtisi' call toll-free 1800-741 IXS^"| REFCO (SINGAPORE) PTE LTD A clearing member of SIMEX offering client services in global futures and foreign exchange seeks: MARKET PROFESSIONALS Futures Securities industry registered representatives, SIMEX Locals, and investment professionals with good market experience and a prospective client base
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      404 18 CHINA NORTH INDUSTRIES INVESTMENT LIMITED (Incorporated in Bermuda with limited liability) Notice of Special General Meeting NOTICE IS HEREBY GIVEN that a Special General Meeting of China North Industries Investment Limited (the "Company") will be held at Appleby, Spurling Kempe, 2217 Jardine House, 1 Connaught Place, Hong Kong, on Friday,
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      203 19 University of South Australia Adelaide *%&(#■> DBA ®MBA Doctor <rf Business Admirtstration ISth Intake August '98 2nd Intake August '98 *De~ —d~t~d —i —i Min 2 l 'i years 100% in Singapore and Creativity, Leadership, Assessed by Coursework Entrepreneurial, Strategic Thinking Publishable Papers an( Communication Skills Post-MBA program for consultants,
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      24 19 BMP Jlj f rli W *i™ I'm aw electrician. The Straits Times Classified brightens my business. <riN* CATS. 1800-737-1166 Call Today For Results Tomorrow
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      312 21 <-.m n > W i Microsoft' where do you want to go today? jlßi Singapore's unrivalled Ib *ck* In a business where the efficient sharing of information is crucial, Cycle Carriage gave them the upper The key is communication. As Mr Alex Tan, General Manager-Group 'T Business Process, puts it,
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      65 24 Hello? I'm calling about\ /'Gosh, m 80 happy Ss f your advertisement in great...just like m y P et trough The Straits Times Classified... J V the ad I I The Straits Times Classified. 1 you still have the puppy... J described. m going to take real goo&J lbe eht
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      827 26 Invitation for Bids Date: 29 June 1998 IFB No: MT/S-VILL/98 I The Governmerrt of Maldives, represented by Ministry of Tourism, has announced the development of Villingili in Addu Atoll, initially with 500 beds, with the option for further expansion after the resort has been in operation. 2. The Ministry of
      827 words
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      Page 26 Advertisements Column 2
      459 26 BUSINESSv,/, in the high coi rtof thf REPUBLIC OF SING APORE Originating Petition No. 20 of IWH > In the Mailer of the C ompanies Act Section 2278 (Chapter 50» And In the Matter of EMPORIUM HOLDINGS (SIM. APORE I LTD formeriv known as EMPORII'M HOLDINGS (SINGAPORE) PTE LTD <RC
      459 words
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      Page 26 Advertisements Column 3
      283 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ZYTON TECHNOLOGIES PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held at 420 North Bridge Road, #05-39/40 North Bndge Centre, Singapore *****7, on
      283 words
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      Page 26 Advertisements Column 4
      442 26 Ctfcli whit's MM id Gats' Mews I Sfadif eiistifiri (kit vnbii CATS EXECUTIVE A/ipoiHtmi nt louriu'llisi-lull 1011-IVi't ISOO-741 18X3 I Outstanding Project Finance career opportunity. Mobil Treasurers sets the standard for major project finance transactions. Over the past 8 years, Mobil Treasurers have managed or been intimately involved in project
      442 words
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  • SHIPPING TIMES
    • Article
      Lock icon SHIP SALES
      281 27 Contributed by Simpson Spence Young A COUPLE of deals have highlighted the perceived differences in value between double and single hull VLCCs. The Halla resale hull No. 1038 (300,000 tdw/double) is now said to have been concluded to clients of Klaus Oldendorff at around U5573.2 million (*****.3 million).
      Contributed by Simpson Spence & Young  -  281 words
    • Article
      MARITIME STOCKS
      292 27 SES '000 ■ww Si Tel CWT Distribution —0.41 unch F Chuan Hup 0.36 Cosco Investment .0.50 Fretaht Links 0.185 -0.005 33 G8 Holdings 0.20 unch 31 Hal Son Hup 0.38 -0.005 111 Hitachi Zosen 0.51 -0.04 82 IMC Holdings HK 5.60 Jaya Holdings 0.385 -0.015 18 Jurona Shipyard
      292 words
    • Article
      KL to set up task forces to nab errant exporters
      504 27  -  They will identify shippers who continue using S'pore instead of M'sia ports: minister Ry. Marcus Hand [SINGAPORE] Malaysia is to set up special task forces to identify exporters who continue to tranship their goods via Singapore rather than using the
      504 words
    • Article
      Lock icon Call for M'sia govt to set up central shipping agency
      168 27 Bernama [KUALA LUMPUR] The government needs to establish and empower a central agency to coordinate all matters relating to shipping and ports services in the country, said Wawasan Shipping Sdn Bhd's managing director Lim Leng Pin last week. "We lack
      Bernama  -  168 words
    • Article
      Asian carriers riding out economic woes
      757 27  -  LOVER SCENE David Hughes POLLOWING the progress of Taiwan's giant container shipping group Evergreen can be a confusing business. A few months ago, Taipei newspapers quoted Evergreen chairman Chang Yungfa as saying that the group, which includes regional carrier Uniglory. had halted plans for
      757 words
    • Article, Illustration
      Lock icon 'No' to oil transported via Bosphorus
      94 27 [IST ANBULJ A group ofprotesters from Nature Warriors Association displaying a banner with the organisation's name in Turkish, in a protest against carrying of oil through the Bosphorus straits on Saturday while sailing past the run-aground Malteseflag oil tanker Sea Salvia. Sea Salvia was
      REUTERS  -  94 words
    • Article
      Port works to ease China's sea traffic
      345 27  -  2nd phase expansion of Zhapu port to cost 730 m yuan From P T Bangsberg in Manila CHINA'S busiest and often congested sea gateway should get some relief with official approval of an expansion of the nearby Port of Zhapu. Officials said construction
      345 words
    • Article, Illustration
      Lock icon Proposed limits raise tensions
      1036 28 BRITISH AIRWAYS-AMERICAN PACT EU regulators' conditions on the trans-Atlantic alliance may clear way for its approval but not everyone is happy NYT MORE than two years after American Airlines (AA) and British Airways (BA) announced an alliance that would dominate air traffic across the Atlantic, European
      NYT  -  1,036 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      373 28 PACE Evergreen 6 ANL 3 Express TL 14 Accord 8 FoongSun 8 Ahrenkiel 14 Eroti 15 Appenship 5 Frt Links 16 Astro 3 GLink Austral 9 Gemartrans 8 Avant 16 Oenshpg 9 Btang Mas 8 GtoryNa* 16 BSA 7 HaiSunHup 8 BTL 16
      373 words
    • Article
      SHIPPING GUIDE
      17591 36 thebusinesstimes THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyaqe Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Nam# Name Number Number SIN Dest'n Name Nam* Number Number ■■Wrr' 14/07 31/08 Clan S A WAN HAI2W V.N052 V.9W3SB 65 *****34 N/07 31/01 Clan S A KOTA BERKAT V.BKT3 V.W13SB
      17,591 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        566 43 Voy No Berth Arrival Departure Juronq Port Asian Banner 1 J09 alongside 17.07/2300 Batulicin OM JTO alongside 13.07/0700 Bongdaesan 06/98 J07 alongside 13.07/0800 Bt Berkat Ya *****8 J01 alongside 12.07/2000 Gnmn JM alongside 12.07/1430 4C J16 alongside 13.07/0700 Kimtransaqua IH03 J16 alongside 12.07/0600 Kobe Oueen 23* J05 alongside
        566 words
      • Article
        CONTAINER SCHEDULES
        1860 43 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From Aci U* 086* 14/0700 IA 12/1500 12/1459 12/1900 IB 12/1500 12/1659 12/1*00 2A 12/1700 U/0459 13/0900 21 12/1700 13/0459 13/0900 3 13/0700 13/1159 13/1400 4 13/1200 13/1459 13/1700 Aumnyj 2
        1,860 words
      • Article
        GLOBAL HOLIDAYS
        186 43 Jul 13. United Kingdom: Orangeman's Day Holiday (N Ireland). Jul 14. France: National Day. Jul 15. Brunei: HM The Sultan's Birthday. Jul 17. South Korea: Constitution Day. Jul 20. Japan: Marine Day. Jul 21. Belgium: Independence Day. Aug 1. Switzerland: National Day. Aug 3 Ireland Republic Of: August
        186 words
      • Article
        COCKETT BUNKER MARKET REPORT
        1032 43 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
        1,032 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        471 43 CtfbOfl 180 Mai 994.5 0.9 17.1 0.10 84 0.07 Jul» Density Water Residue Ask Aluminium Sediment No above E25 4 0 10 0 1 0 380 Ave 986.7 0J 16.5 0.07 26 0.03 Ehm 380 Mai 992.8 0.9 19.0 0.11 58 0.07 «t/M*3 %»/> %M/M HI/11
        471 words
    • AIR&LAND TRANSPORT NEWS
      • Article
        Lock icon European cars more costly in Britain: EU price poll
        318 44 AFP [BRUSSELS] Four out of five of Europe's top-selling cars are more expensive in Britain than in any other European Union country and in some cases the difference exceeds 50 per cent, the latest EU price survey revealed. The Netherlands maintained
        AFP  -  318 words
      • Article, Illustration
        Lock icon Porsche's jubilee
        70 44 [STUTTGART] Mathias Wissmann, German Minister of Transport (left), chatting with Wendelin Wiedeking, chairman of Porsche, last Friday, behind a first series Porsche 1500, prior to a reception marking the fiftieth anniversary of Porches first 356m0de1. Porsche are to mark the jubilee by a procession of over 400 Porsche
        REUTERS  -  70 words
      • Article
        Lock icon Nod for American Airlines' stake buy
        149 44 It can proceed with plan to acquire 8.5% of Aerolineas AFP [WASHINGTON] The Department of Justice cleared American Airlines' proposed acquisition of about 8.5 per cent of Aerolineas Argentinas. In response to the department s anti-trust concerns, American said it will not hold a
        AFP  -  149 words
      • Article
        Lock icon Worst is over at HK's new airport: Cathay chief
        495 44 His comments come as HK announces probe into foul-ups at Chek Lap Kok Reuters [HONGKONG] The head of Hongkong's flag carrier Cathay Pacific said the worst of the problems at its new airport was over just as the territory announced the
        Reuters  -  495 words
      • Article
        Lock icon India defers decision on Tata airline plan
        437 44 Move due to civil aviation ministry's request: official Reuters [NEW DELHI] India's Foreign Investment Promotion Board (FIPB) deferred a decision on the Tata Group's proposal to start a domestic airline for the second time in a month. "It has been deferred following a
        Reuters  -  437 words
      • Article
        Lock icon Alitalia ready for sell-off
        112 44 Reuters [ROME] Flag carrier Alitalia is in good shape and is ready for a further sell-off before the end of the year, the president of Italy's state hold ing company IRI said last week. Gian Maria Gros-Pietro said at a conference: "As far as we're concerned,
        Reuters  -  112 words
      • Article, Illustration
        Lock icon Chek Lap Kok's high tech hangar
        75 44 [CHEK LAP KOK, Hongkong] A member of Hongkong Aircraft Engineering Company Limited (Haeco) hangar staff posing under an aircraft engine in a hangar at Chek Lap Kok on Saturday. The new Haeco hangar is one of the most technologically advanced of its kind in
        REUTERS  -  75 words
      • Article
        Lock icon Boeing to start 737 assembly line in California: union
        401 44 Bloomberg [SEATTLE] Boeing Co is poised to start an assembly line for its 737 jetliner in California and boost output of the best-selling airplane in an effort to keep up with demand, union representatives said. The world's biggest airplane maker is
        Bloomberg  -  401 words
      • Article
        Lock icon UPS faces new clash with union over job creation
        236 44 AFP [WASHINGTON] United Parcel Service, crippled by a 15day strike a year ago, now faces another confrontation with labour after determining it is no longer bound to create 2,000 jobs by July 31. The nation's largest package deliverer said that as
        AFP  -  236 words
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        AIRCRAFT ARRIVALS AND DEPARTURES
        1852 44 CITY FUOHT CTA FU6HT CTP Amsttrdaa KLS43 0450 KU38 2300 n*" 01 VN741 1310 VN742 0905 S024 2320 S0175 1840 S0176 1105 $0343 0735 W74» WW K1837 1455 Nat Yrf T6407 1540 TG408 1635 Auckland N***** 2050 N***** 2045 **1895 2150 MI896 1815 S0286 2050 S0285
        1,852 words
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      19 27 Limits raise tension over AA-BA pact INot everyone is happy over EIJ regulators' conditions for approving alliance. Page 2
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      Page 27 Advertisements Column 2
      124 27 Worst is over at HK's new airport; Sutch Cathay chief s comments come as UK announces probe into foul-ups. Back Page "IB ■Hfer Can you tell the difference? It takes an expert to tell the difference between an African and an Asian elephant by looking at their trunks. Some will
      124 words
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      1185 28 I NORTH AMERICA 1 I EXPORT I I OTHER DESTINATIONS I SSX-SUPER SHUTTLE EXPRESS-DIRECT TO LA [DIRECT SERVICE TO WEST COAST SOUTH AMERICA/ASIA ANDES EXPRESS SERVICE (II) Itt SW ETD SM Id DAI HOU OOC NY MQ3CO OTY VESSfI VQT SM j MAN3ANHIO joUEMA VENTURA !CM LAO Iqn tOWOUf ANTOf
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      92 28 A 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 Kong A All China Ports (EVERY THUR A SUN VESSEL! VESSH VOY ETD SIN ETA TYO ETA KOB ETA YOK ETA NOP ETA OS* MONTE
      92 words
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      Page 28 Advertisements Column 3
      746 28 A r esen c Members of the ,2 by Members of the Registry of Njll Singapore Freight Forwarders J Accredited Shipping Agents Association Singapore Shipping Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO TO DAMPIER/FREMANIU (MONTHLY SERVICE) MV "ARKTIS TBN" ETA SIN 25/07/98 BOOKINGS CALL JULIA/MONICA TEL 323
      746 words
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      1055 29 TO EUROPE FROM EUROPE VESSEL VOY SIN RTM AND HAM BRV SOU FIT UH~ VESSEL VOY RTM AMR HAM IRV SOU FXT l£H SIN NOi AGATE 007W 13/07 30/07 01/00 04/08 79/07 NOl CYPRH OOSI 18/06 70/06 73/06 17/06 11/07 HY ADMIRAL 314W 16/07 08/08 05/08 06/08 03/08 NOl lOUTE
      1,055 words
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      Page 29 Advertisements Column 2
      2029 29 H ANJIN SHIPPING HANJIN SHIPPING (S) PTI LTD hop: //mm. haft a* IOOKING *****35 237 SUES 32*0224 231 DOCUMCNT 32*02/1 274 OffUTIOtfS 32*0241 252 MAIN UME *****55 FA* ******0 UNO **********0* TO NW USA CANADA USA CANADA* 1 FDRVSI/VOY MM SM UNEHAUL/YOr SET! TTW 0» [""POX a! MS? Pff DTT
      2,029 words
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      Page 29 Advertisements Column 3
      448 29 FULLY COWTAINHHIP PIPICATIP SIKVICH vessel vor sin pkg vor sin hkg kel usn pus w w vessel vor_ sin jkt KMTC HONGKONG 804S 02/00 04/00 IO4N OS/OS 04/00 11/01 13/00 14/00 J' -$jjf Sf KMTC KERUNG BOSS 05/07 07/07 MSN 00/07 12/07 14/07 14/07 17/07 KMTC KtfIUNG BO6S "26/07" "28/07"
      448 words
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      Page 30 Advertisements Column 1
      1598 30 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEDITERRANEAN/CANADA VESSEL TOY 5W l£H RTM ANH HAM ORV FIX VESSEL TOY SIN JED GIT SP* FOS VLC MTR TRAOE HARVEST WQB3I 10 07 31 17 01 08 30 17 31 17 KN JAPAN SENATOR WMS3I 11 07 22 07 20 07 30 07
      1,598 words
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      Page 30 Advertisements Column 2
      1420 30 MY MMG UNE Internet Web Site http: //www.yml.com tw *1 Ema Address: cB&hp72oym,comtw tiZEEEHEHMEIinMMMMEEnnMIIIIEIIIMMM wraar EVERY thursday/SUNOAY VESSEL vor SM RTM HAM FXT LEH ANR MING GALAXY AB2BW 16AJ7 07/08 05/06 04/08 09/08 RHEIN BRIDGE JB2BW 194)7 05/08 07/08 08/08 10/08 GIBRALTAR BRIDGE AB29W 24/07 15/08 13/08 12/08 17/08 MING
      1,420 words
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      Page 30 Advertisements Column 3
      477 30 LINE ST TIL: *****56 FAX: 85^2; L MUARA 1 LABUAN 5] vfssa vor no eta vessel vot m» ita SPORE MUARA SPORE LBN j. mora viK/n u/o; 17/07 J.«osrei vi«/w 14/07 i«/o; APR H. GLORY VIBE/9S 11/07 21/07 APWEOOBY VIK/n U/07 22/07 Am glory vm/w 26/07 29/07 aprkgwry vm/w 26/07
      477 words
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      1344 31 IIIBJIII nfTffTTtTM lN mkm mIV U |a 11 I •Vill ■11 9] Jll fM 1.11 W a IJ §1 I JV|I aM I |TM V ■11 I Ifc ■■I L I VESSEL VQY SIN PGU PKO PEN BLW SUR PUB SHJ BA BIK IRAN GHEYAMAT PJL 1292 00/07 18/07 10/07
      1,344 words
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      Page 31 Advertisements Column 2
      1908 31 l ALL-WATER DIRECT TO I NEW YORK IN 28 DAYS I SINGAPORE'S GENERAL AGINTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (B/l) *****02 JOHORE OFFICECOSTAR SHIPPING PTE LTD #17-08 DBS BIDG SALES/BKGS *****41/43 INWARD OEPT (D/ 0) *****8S COSTAR AGENCIES (M) SDN BHD CR NO: **********0 M TOWEB
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      Page 31 Advertisements Column 3
      580 31 I EASTERN CAR LINER, LTD.'^^r fW Eg (SINGAPORE) PTE LTD SPECIALIZE IN ROUP HEAVY UFT UPTO 122 TOWS] ECI (SINGAPORE) PTE LTD LOADING FOR PASIR GUDANG/PORT KLANG/PENANG MONGLA MV "ORIENT ULY" V.29 "GOLD INDUS" V.I ETA SIN 12/07/98 ETA PGD 13/07/98 I VO7/98 ETA PKLI4/07/98 ETA PNN 16/07/98 EIA MONGtA
      580 words
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      Page 32 Advertisements Column 1
      1919 32 EUROPE/UK/SCANDINAVIA/f INLAND/RUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E DAINTY RW 006 194)7 07/08 12/08 08/08 10/08 11/08 12/08 E REFINE RE-016 21/08 23/06 22/06 24/06 26/06 18/07 19/07 E. RESULT RW-020 24/07 12/08 17/08 13/08 15/0* 16/08 E REACH RE-019 29/06
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      Page 32 Advertisements Column 2
      379 32 NANTAI LINE J FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRia VESSEL 1 VOY I SIN i PUJ j DOR I CPT 1 R/RAT NANIAJ DRAGON VQO7S IS/07 25/07 79/07 Q3/M WAJfCAJ PRIWCE V.023S 26/07 Q9/M 14/01 NAMUI VENUS y.021S 03/01 12/N 16/ M 21/01 25/01 GOLDEN DRAGON VOO6S 11/08 21/08
      379 words
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      397 33 i||k MYANMA~ PMk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) VESSEI VOY SIN PKI PEH PGU MONGLA ISW SU> SITTWI BIW SID MALAYSIA AGINTS. BOUSTIAD SHIPPING AGENCIES KUL- HI (03) *****00 PKL TU (03) *****01 PIN: HI (04)*****01 PGU: Til (07)*****21/4 BANK LINE (A t«rvi<« of Andrtw
      397 words
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      Page 33 Advertisements Column 2
      1241 33 HMNEHYUNDAI MERCHANT MARINE CO., LTD. [Vtssa VOY ISM I SOU UH RTM ANT HAM IRV Ffll IVtSSB VOY SOU IIH RTM ANT HAM BRY FB Isi 1 NOl AGATt 007W 13/07 29/07 30/07 01/08 04/08 NOtCYPWNI 0051 19/06 27/0* 20/06 24/06 13/07 HY ADMIRAL 314W 16/07 03/08 08/08 05/01 06/08
      1,241 words
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      Page 33 Advertisements Column 3
      1074 33 "orwegign specio'i/ed outocamers Wwt„smsw G)©§(°](3 mm mm i/HEs TO NORTH AND LATIN AMERICA "RORO HEAVYLIFT SERVICE" |*B» VOY RAMP HEIGHT SIN LAX CIL MIA SAV BAl OfiF NYC NEW MM TAIKO F814 400 Tom 6.3M IN PORT 10/08 T97B 22/08 124/08 'it 08 WfW 28/08 02/09 WW TOURCOING F815 400
      1,074 words
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      817 34 BANOKOK/LAEM CHABANO JAK ART A/PAN JANO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN CHANA BHUM" 26N 14/07 17/07 ACX RUBY* 26S In Pt 16/07 BANI BHUM 106N 14/07 18/07 17/07 VIRA BHUM 219S In Pt 17/07 16/07 SI NO OCEAN OCNQ9S 15/07 18/07 ANRO JAYAKARTA* 047 14/07
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      Page 34 Advertisements Column 2
      515 34 IBINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL: *****68 FAX: *****64 KCI TLX: R*****5 SINMER CR No: **********0W Receiving Cargo at PTI I Blntulu I I Muara I vtsstt voy sin rru vtsstL *91 mi w* I Sent V9BM( 25-26/07 31/07 MG«U V9113E I*l4/07 19/07 BSeno VftlSf
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      Page 34 Advertisements Column 3
      671 34 ACCORD I' SHIPPING PTE LTD J YIl: *****15 (40 Lines) FAX *****30 fOOT KLAMC (031*7 IOOtDIRECT ACCESS TEL *****55 (IXPO«T BOOKING) nSM mm (07) SSI ivf *****34 (EXPORT DOC), *****39 (IMPORT) KMAMG (04) *****40 URUHYTPs//WWWACCORD.COM.SG WUUTA (71)440 0770 PORT ETA SIM PORT ETA SIM POKT ETA SIM PORT ETA SIM
      671 words
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      Page 35 Advertisements Column 1
      409 35 INDONESIA NATIONAL LINE TO EUROPE H EXPRESS SEMI-CONTAINERISED SERVICE m VOY HOURO OHEMEN ANTWERP A VESSEL LjULJ 20/10 "js/TO OMIT 05/11 TO AUSTRALIA FULL CONTAINER SERVICE va voy TSfTir m m ot »r hm m AIKTIMLMN BITBWfWE 1« IMT7 1&07 2VD >117 Ml OMS OMR m.mm o« aUTam wimw io«
      409 words
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      Page 35 Advertisements Column 2
      810 35 fPACIFIC INTERNATIONAL UNES (PTE) LTD I 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I I CR NO: **********0E nvtsstt vor m sin f»i sto mi m w ftf m six lUNOA TfBATAI2 1TP203 14/7 15/7 22/7 27/7 29/ I 7/1 12/1 U/l 19/1 KOTA PtRWWA SB 17/7 19/7 30/7
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      Page 35 Advertisements Column 3
      863 35 VESSELS VOY I «N I JED I MLA LEH HAM THP RTM ZEE V-LEDEOEMKA H29N 23*07 01/08 06/06 1008 12/06 14/06 1406 1508 vnEDXwtoN yaw s&ot oe/oe n/oe ivoe ia/oe gg ig*oe zvn V-LED6KWMO6A V27W 06/08 IMB 17/06 2MB 2408 28*06 28/08 27/08 VKXE DC TANYA T27W 11/08 19/08 24/08
      863 words
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      Page 37 Advertisements Column 1
      52 37 SraQ Dial 740-6000 OH GEITIdnG —(Retrieve more schedules!) Press "1" C _J Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number I your phone number Another innovative service offered by The document will be SHIPPING TIMES s JmD
      52 words
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      Page 39 Advertisements Column 1
      45 39 ST||| Dial 740-6000 on demand —(Retrieve more schedules!) Press "1" ctSelect the port and key in the four digit code -—eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovative service offered by The document Will be Shipping Times
      45 words
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      Page 40 Advertisements Column 1
      1031 40 SAMUDERA SHIPPING LINE LTD I 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 mmmmm TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. **********00 BOOKINGS CALL DIRECT LINE: *****41/43 JESSICA/CELIA/MEI CHAN 7 slgs/WEEK 2 slg/week I VESSEL fVOY SIN |~jAK [VESSEL VOY SIN PLB MAJAPAHIT MAJO73 IN PT
      1,031 words
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      Page 40 Advertisements Column 2
      442 40 |#M ENG LEE SHIPPING CO PTE LTD I I T»l: *****75 Umi) Fai: *****31/532***0 I I ISMWOOO* I VESSEL VOY SIN ETA SIN ETD DESTINATION Morco Poto 46 05/98 13/07 14/07 Suroboyo Mcfco Polo 4? 15/98 M/ 07 15/07 Perawong/Bucloti Marco Polo 26 15/98 M/ 07 15/07 Dumm Owi Ooyo
      442 words
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      Page 40 Advertisements Column 3
      481 40 M FAR EAST 19/07 KEELUNG/KAOHSIUNG 19/07 BANGKOK 19/07 MANILA/CEBU 19/07 JAKARTA/BELAWAN/SURABAYA 19/07 PORT KELANG/PENANG/E MALAYSIA 21/07 BUSAN 19/07 TOKYO/YOKO/KOBE/NGO/OSA 19/07 HONG KONG SIN CHINA 19/07 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU m EUROPE/UK 19/07 IDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES m USA/CANADA 19/07 LOS ANGELES/NEW YORK all IPI points
      481 words
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      Page 40 Advertisements Column 4
      407 40 fff* Singapore Soviet ShippiruflKj CINtIOOMUOOOON *J Multiline Shipping PL VESSEL VOY SIN BOM PNG PKL KOTA RUKUN RKNOO7 17/07 25/07 06/06 10AM KOTARATU RTUOIS 23/07 30/07 11/06 13/08 BUXMOON 115N 28/07 03/06 16/06 18/08 VESSEL VOY SIM CALCUTTA SM NEVELSK 23SV 16 17/07 22/07 31/07 TOMARI 207/98 18-19/07 23/07 02/08
      407 words
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      Page 41 Advertisements Column 1
      1037 41 i ASIA MEDITERRANEAN EXPRESS AME) WESTBOUND SERVICE I VtSSCL VOY SIN CMB PIR LA SPEZIA I VIC I lEH FXT I ANT 1 MSC MARTINA 9825-3 13 JUL 17 JUL 24 JUL 27 JUL 29 JUL 02 AUG 03 AUG 04 AUG NOR SHANGHAI 9827 3 15 JUL 19 JUL
      1,037 words
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      Page 41 Advertisements Column 2
      1640 41 I^^jj—»TM HAfl STORE KOK HAGOYA SHMIZU TQRYoI I CANOPUS 01 WAN 2107 06.08 10.01 1101 ISM °*A 25 KM 24.06 27.06 1107 1107 21X7 24.07 2107 I NYK CASTOR 04WOO 2107 14.M 16 01 17 08 21 M HOICHST EXPRESS 40CA26 29.M 01.07 0107 OMfT 21X7 27.07 2107 30.07 29X7
      1,640 words
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      462 42 pßf| TIGER-LIDE Singapore Madras Shuttle Singapore Calcutta Shuttle Colombo Calcutta Shuttle Madras Colombo Shuttle Colombo Tuticorin Shuttle Colombo Cochin Shuttle Agents: Ben Line Agencies Contact Peggy Hwang or Mary Teo Tel 225 3522 Fax 224 0163 DIRECT LINES *****80/*****81 Pi glory navigation group REGULAR LINER SERVICE OWNED AND OPERATE LOGGERS/TWN
      462 words
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      Page 42 Advertisements Column 2
      1074 42 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fox: *****33 E-mail: flesin@singnet.com.sg DIRECT CONSOLIDATION SERVICE TO ALEXANDRIA, BUENOS AIRES, LAEMCHABANG, SANTOS (BARAZIL), ISTANBUL, SAN ANTONIO VESSEL ETA SPOKE ALEXANDRIA LAEMCHABANG ISTANBUL SAN ANTONIO NANTA BHUM V.402N 15/07/98 19/07/98 CON SHIP NOBIUTY V.8122 20/07/98 05/08/98 CONSHIP NOBILITY V.8122 20/07/98 09/08/98 CSAV RAHUE
      1,074 words
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      Page 42 Advertisements Column 3
      1089 42 QOCL (Singapore) Pte Ltd CFS Keppel Distrpk 79 Anson Rood #21-04 (S) *****6 Bli 513 #01-128 ct> CR MO **********0H Tofc 272 7827 for hocking cU M *****13 Foi 221 3942 F««: 272 7825 0001 (Malaysia) Sdn. Bhd. 4 W PETAIING JAYA Tofc 03-756 776 F«:03-7S65 342 1269 ISO PENANG
      1,089 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      141 43 100i i a i [Regional Weather] J l J N iooXV v" LEGEND: R Thunderstorm Temperature V Shower Weather Wmd <*rect.on with speed in knots Ram Cloudy Sky Wove height Surface w,„d, ore "Seated by arrows which fly w.th the wind r* ne fU C,fCte rePreS<n,S CO,m r hgM and
      141 words
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