The Business Times, 29 July 1998

Microfilm: NL21204
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    15 1 THE BUSINESS TIMES MITA (P) 110/12/ J7 85c SINGAPORE Internet: http://business-times.asial.com.sg/ WEDNESDAY, JULY 29, 1998
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  • Article
    MARKET SUMMARY
    67 1 □sra VOMJ4 (-7.67) □BT-MI 464-80 (-4.23) DBTOOHP 902.62 (4.25) BTMGA 590J0 (-1.46) C MARKET HOOD; Down STOCK MAKXFT INDICES Tuesday Change KLSE COMP ***** -4.06 NIKKEI HI 14.54 +170.18 HANGSENO 7,926.10 -58JJ SET INDEX 266.72 -Ml JAKARTA OOMP __483J3 +056 MANILA COMP -32.86 TAIPEI WPI 7330.14 -60.19 SEOUL
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  • Article
    FINANCE
    79 1 FOBEX BATES US* S) U5t 1.719 £(US$/S$ per 1.666 2.844 DM 1.788 0562 YEN 142.0 1I10* RJN 4 136 0.416 HKS 7.748 0122 BAHT 41.02 0.042 RUPIAH 13.700—0013' St to 190 units PSIME RATES SINGAPORE* 7.88 KUALA LUMPUR 11.50 •JAKARTA ....28.00 BANGKOK 14.75 MANILA 22.90 HONG KONG 10.25 TAIPEI
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  • Article
    Lock icon Shanghai black market hit by yuan fears
    387 1 B shares slide 3.5% to record low as investors sell stock to bny US dollars Bloomberg [SHANGHAI] Speculation that China may devalue the yuan swept through Shanghai's black market yesterday, despite the repeated official reassurances that Beijing will stand by the value of
    Bloomberg  -  387 words
  • Article
    Lock icon China warned US it may devalue yuan: report
    234 1 AFP [HONGKONG] The Chinese government warned the US it may devalue the yuan if the yen continues to decline against the US dollar, an official Chinese newspaper reported yesterday. The Securities Times, a Shenzhen-based newspaper owned by the People's Daily and Xinhua,
    AFP  -  234 words
  • Article
    S'pore GDP grew 3.8% in H1, looks headed for recession in H2
    585 1  -  Significant slowdown in growth momentum all round By, Audrey Tan [SINGAPORE] The Singapore economy grew just 3.8 per cent in the first six months and seems headed for a recession in the current second half. Deputy Prime Minister
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  • Article, Illustration
    Lock icon KLCI breaches 400 level intra-day
    235 1  -  By R Sivanithy [SINGAPORE] The Malaysian stock market hit a nineyear low yesterday but what proved more unsettling to some investors was the loss of the 400 level intra-day as the benchmark Composite Index touched 398 before closing at 403.98 for a net loss of
    Source: Bloomberg  -  235 words
  • Article
    Lock icon Dow down 163 points at 1pm EDT
    79 1 Bloomberg [NEW YORK) Wall Street skidded yesterday, with the Dow Jones average diving 163.23 points to 8.865.01 at Ipm EDT after Monday's late rally of 90 points failed to attract big buyers. In the broad market, declining issues beat advances 3 to 1
    Bloomberg  -  79 words
  • Article, Illustration
    Most of 1997's leasehold launches selling at a loss
    893 1  -  Some condo units going for more than 20% below breakeven level By\ Diana Oon [SINGAPORE] More than half the leasehold condominium projects launched in the last year are selling at a loss, with those built on sites bought near the market's
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      128 1 DIgPE ST Engg pnfit up 32% Singapore Technologies Engineering yesterday posted a 32% rise in aftertax interim earnings to $79m, beating analysts' forecasts by a good $10$17m, Pg 15 Try camitertnde A new window of opportunity is opening up for savvy counter-traders, F*2 Intffr 1 rate The benchmark threemonth interbank
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      7 1 June manufacturing output down 0.9%, Pg 3
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      5 1 Mid-Contiuent drops 17%, Pg 15
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      46 1 Beijing cracks down on forex abuses, Pg 5 A summer rally? Money Matters Pg 4 ifeELWMBb*-*?-,' 3:,W?me': Stt I ■># err— r* l;* J^H J;- f ALFRED DUNHILL LONDON THE NtW CITVSCAPE I.FATHER COLLECTION RAFFLES HOTEL ARCADE THE PARAGON NGEE ANN CITY OUB CENTRE SOGO RAFFLES CITY
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Regional credit crunch revives interest in countertrade
      631 2  -  More enquiries in last six months, including from China and Korea, says TDB By. Ronnie Lim (SINGAPORE] The credit crunch in the region is spurring a marked resurgence of interest in countertrade, with the window of opportunity for traders estimated to last up
      631 words
    • Article
      Finance firms not seeking home loan top-ups
      369 2  -  By* Clarissa Tan, Siow Li Sen FINANCE companies yesterday said they too, like the banks, do not require mortgagors to top up their home loans if the value of their properties fall. Despite several stories recently about finance company customers who have had
      369 words
    • Article, Illustration
      Lock icon Serving up upmarket treat at Botanic Gardens
      349 2  -  By Marissa Chew A NEW dining experience will come to the Botanic Gardens when the partners of upscale Les Amis at Scotts Road open a garden restaurant there in November. Called Au Jardin Les Amis, the restaurant will seat 40 diners in a
      SIEW YAW HOONG  -  349 words
    • Article
      Plot of land, semi-D house are the only two sold at auction
      236 2 IN yet another sign of tough times for the property sector, real estate agent Edmund Tie Company sold only two lots of property in a batch of 29 put up for auction yesterday. One of the two lots
      236 words
    • Article, Illustration
      Lock icon Monetary policy too tight: bank
      330 2  -  EYE ON THE ECONOMY Finance By, Audrey Tan SINGAPORE may need to ease monetary policy and let the Sing dollar fall, to keep the economy from shrinking by more than one per cent this year. Economists at Deutsche Bank Research say the current monetary stance
      Sourer MAS  -  330 words
    • Article
      Financial sector layoffs jump 30% in first-half
      666 2  -  Over-enthusiastic hiring policies daring boom years the root canse: head-hunter By Ven Sreenivasan THE number of layoffs and redundancies in the financial sector rose by 30 per cent during the first six months of this year, according to executive search specialist Morgan Banks
      666 words
    • Article
      UTVI expanding TV, film operations here, doubling staff to 100
      351 2  -  By' Toh Han Shih INTERNATIONAL media firm UTV International is expanding its Singapore operations, and has hired local actor Moses Lim to head its new subsidiary for Mandarin TV and film productions, Fei Long Productions. UTVI president Colin Binny told
      351 words
    • Article
      TCS starts trial of digital TV on wheels
      190 2 ENJOY digital TV while you ride as a passenger in a bus, cab or car. That's on the cards, as Television Corporation of Singapore (TCS) has just started a feasibility trial with Singapore Bus Services and taxi operators Comfort Transportation and City
      190 words
    • Article, Illustration
      Lock icon Three-month interbank rate declines to 5%
      471 3  -  Bat it is too early to expect a cat in the prime rate, say analysts By I Siow Li Sen THE benchmark three-month interbank rate fell to 5 per cent yesterday, easing from a high of 8 per cent in mid-June even as the
      Source: Reuters  -  471 words
    • Article, Illustration
      June manufacturing output down 0.9%
      388 3  -  By. Jennifer Lien JUNE manufacturing output figures took economists by surprise yesterday, with overall output falling 0.9 per cent, dragged down by a 7.1 per cent drop in the key electronics segment. The June figures suggest that total manufacturing output shrank about one per cent
      388 words
    • Article
      A breather for commercial vehicles
      839 3  -  Benefits seen with gradual phase-in of road-pricing charges By Christopher Tan COMMERCIAL vehicle operators will enjoy a timely reprieve as electronic roadpricing charges for trucks and buses will be phased in gradually over four years. From the first year starting Sept 1, light goods vehicles
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      260 3 As you begin your search for the ideal home theater audio system, ask yourself what's important: Is it the size of the equipment? m mi 888 r ~*r*CT MB J^JI" 1 :t 3s.ug !W^ It has long been assumed that bigger equipment means better sound. Not anymore. Bose® Lifestyle" systems
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  • FOCUS: MONET MATTERS
    • Article, Illustration
      Lock icon A summer rally?
      1079 4  -  If s possible, but so too post-summer blues By Larry Wee LAST weekend, Japan's ruling Liberal Democratic Party named a new president and thus the country's next prime minister as well. Kei2o Obuchi was the least popular of three candidates, at least as far as Japanese voters
      Compiled by BT; Source: Deutsche Morgan Grentell  -  1,079 words
    • Article
      Pressure could mount soon for Obuchi
      514 4 'Honeymoon' likely to be short as he's seen representing status qno THE initial optimism after Ryutaro Hashimoto resigned has turned to caution following Keizo Obuchi's victory in the LDP presidential election last Friday. The daunting economic and political realities now facing the new prime
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    • Article
      Regional currencies seen weakening
      370 4  -  AKALYSES By. Larry Wee [SINGAPORE] Dealers' outlook for the region's financial markets over the coming months has taken a turn for the worse, although the overall level of activity is expected to pick up, even if from very depressed levels. The pick-up will be led by
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    • THE WEEK AHEAD
      • Article
        United States
        106 4 TOMORROW: Q2 employment cost index keenly awaited after warnings of labour-led price pressures from Fed chairman Alan Greenspan. From 0.7 per cent in Ql, a slight pickup to 0.8 per cent is generally expected (IDEA, MMS). Friday: After 5.4 per cent growth in the first quarter, advance estimates
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      • Article
        Japan
        39 4 Tomorrow: Japan's new Prime Minister Keizo Obuchi to announce new cabinet. The most important figure is the new finance minister, with markets kept guessing by talk that leading contender and ex-prime minister Kiichi Miyazawa is reportedly not interested.
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      • Article
        Indonesia
        51 4 Today and tomorrow: Indonesia expected to request up to US$B billion (5513.8 billion) in funds (up from the usual US$5-$5.5 billion per year) at the Paris meeting of lenders' Consultative Group for Indonesia. IDEA expects that the rescheduling of principal repayments on sovereign debt are also likely to be
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      • Article
        Malaysia
        30 4 A Reuters wire report yesterday quoted Malaysia's Deputy Prime Minister Anwar Ibrahim as saying that "more comprehensive measures" will be announced this week to deal with the economic downturn.
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      • Article
        Lock icon Thailand
        82 4  -  Compiled by Larry Wee Sources: ABN Amro (ABN), Independent Economic Analysis Holdings (IDEA), and MMS International Tomorrow: Slate of month-end data will likely show further evidence of a slowing economy. For example, expect May manufacturing production to fall between 19 per cent (MMS) and 20 per cent (ABN), after
        Sources: ABN Amro (ABN), Independent Economic Analysis Holdings (IDEA), and MMS International  -  82 words
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      47 4 INTERNATIONAL AFA International Holdings Limited U5566,002,580 Equityfunding (for the acquistion of International SOS Assistance SA.) Investors Suez Asia Holdings Pte Ltd. J.P Morgan International Capital Corporation Paribas Principal Investments and their affiliated companies SUEZ ASIA JPMorgan July 199$ This announcement appears as a matter of record only.
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      9 4 This is an extract from IDEA's daily client faxes
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Beijing cracks down on forex abuses
      468 5 Bid to protect exchange reserves and value of yuan Reuters [SHANGHAI] China has slapped tough penalties on banks for foreign exchange irregularities in a bid to protect exchange reserves and the value of the local currency, analysts said yesterday. The new curbs, which could
      Reuters  -  468 words
    • Article, Illustration
      Lock icon Korean economy to shrink 4% this year: IMF
      561 5 Stronger external position so Seoul will work on domestic demand Reuters [SEOUL] South Korea's economy is expected to shrink 4 per cent this year, the International Monetary Fund said in a quarterly review released yesterday. The previous projection foresaw a one per
      Reuters; REUTERS  -  561 words
    • Article
      Bank Negara set to relax M'sian monetary polity this week: Anwar
      514 5  -  Bating agencies' downgrade 'too pessimistic' From'. Meera Tharmaratnam in Kuala Lumpur BANK Negara is expected to announce moves to loosen the country's monetary policy later this week, according to Finance Minister Anwar Ibrahim. Mr Anwar, speaking to reporters yesterday,
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    • Article
      Lock icon Asian stock market turmoil could last another year: Mobius
      627 5 His Templeton fond buying bank, telecoms shares in region Bloomberg [DETROIT] The turmoil in South-east Asian stock markets caused by last year's regional currency collapse, could last another year, said J Mark Mobius, one of the biggest emerging markets investors. For
      Bloomberg  -  627 words
    • Article, Illustration
      Lock icon Obuchi picks Miyazawa as his finance minister
      476 5 Reuters [TOKYO] Japan's new leader Keizo Obuchi said yesterday he had settled on choosing former prime minister Kiichi Miyazawa as his new finance minister. Mr Obuchi ended days of speculation and worries in financial markets about who he would pick for the key
      Reuters; AFP FILE PHOTO  -  476 words
    • Article
      Lock icon Indon foreign projects plunge 48%
      308 5 Numbers rise, but values fall to USs&sb from USsl6b last year AFP [JAKARTA] Indonesia's foreign investment approvals this year have plunged 47.5 per cent in value, amid an economic crisis which has battered the South-east Asian nation, a senior minister said yesterday. Investment Minister Hamzah
      AFP  -  308 words
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      117 5 Editorial: Enter the consensus seeker, Pg 11 Pardisan' s Carpet Auction SUNDAY, 2ND AUG TUDOR BALLROOM GOODWOOD PARK HOTEL Viewing: 10am 12.45pm Auction: Ipm Over one hundred specially selected fine handknotted carpets and flatweaves from PERSIA, PAKISTAN, RUSSIA, AFGHANISTAN, NEPAL and TURKEY, all at delightfully low prices! JPfcRDISftN i jmP
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Share burden of solving crisis, Asean allies urged
      635 6  -  ASBAN POST-MINISTERIAL CONFERENCE Otherwise, adverse effects will engnlf rest of the world, ministers warn From, Al Labita in Manila ASEAN'S opening dialogue today with its 10 Asia-Pacific partners on Asia's economic crisis saw more haranguing and buck-passing than con-sensus-building. Asean foreign ministers,
      REUTERS  -  635 words
    • Article
      Lock icon Learn from fall of big Chinese firms: Habibie
      290 6 JAKARTA SNEs can form backbone of the economy, he says Bloomberg INDONESIAN President B J Habibie said the humbling of Indonesia's large, and mostly ethnic-Chinese controlled business groups, can serve as a lesson to many small enterprises, which according to him would
      Bloomberg  -  290 words
    • Article
      Lock icon Rais plans to launch his party on Aug 17
      177 6 JAKARTA Reuters INDONESIAN Muslim leader Amien Rais will launch a political party on the country's independence day on Aug 17, newspapers said yesterday, as Jakarta considers easing strict controls on political organisations. "Insya Allah (God willing) my party will be declared
      Reuters  -  177 words
    • Article, Illustration
      400 troops pulled out from E Timor
      768 6  -  Another 600 to go, but there'll be no total withdrawal From Shoeb Kagda in Dili IN what was seen largely as a public relations exercise, the Indonesian armed forces yesterday withdrew 400 combat troops from the troubled province of East Timor. The ceremony,
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    • Article
      Lock icon New crisis looms in Cambodia
      359 6 PHNOM PENH More parties cry fraud, say they'll reject polls results AFP CAMBODIA was heading for a new and potentially serious crisis yesterday as more parties joined opposition complaints about widespread fraud in the vote-counting process, saying they will refuse to accept the results. "There
      AFP  -  359 words
    • Article
      Lock icon I slipped up – no cutback in govt salaries: Estrada
      183 6 I slipped up no cutback in govt salaries: Estrada MANILA AFP PHILIPPINE President Joseph Estrada, a frequent butt of jokes for his errors at social functions, admitted yesterday that he made a mistake when he announced a cutback in government salaries in a major policy speech. Mr Estrada told reporters
      AFP  -  183 words
    • Article, Illustration
      Will Cambodia see a new era?
      593 6  -  ASIAM VIEW Only If losers In the election are prepared to accept the outcome By Yang Razali Kassim THIS year's Asean ministerial meeting, now going on in Manila, would have included Cambodia as a member of the South-east Asian grouping had things gone as
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  • Page 6 Advertisements
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      70 6 PARTNERSHIP FOR TURNKEY SOLUTIONS IN Software development using Oracle 7.3 and Developer 2000. Systems Analysis, design, coding, testing, documentation and implementation. Networking Design cabling, Hardware and Software installation, Administration, maintenance etc. Novell Netware Windows NT Server TCP/IP ATM Documentation System manuals User manuals User Training Please contact: INDUSTRIAL AND MARINE
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      20 6 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. CATS Another Classified Service
      20 words
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  • CHINA – HONGKONG – TAIWAN
    • Article
      HK drops 40% guideline on property exposure
      498 7  -  Advice to financial institutions withdrawn with immediate effect Hrfxfrt.s front Quak Hiang What in Hongkong WITH the property market in a slump and the mortgage business declining sharply, the Hongkong Monetary Authority yesterday withdrew with immediate effect the 40 per cent guideline for
      498 words
    • Article
      Banks' mortgage portfolios sound: HKMA
      497 7 Lo&n delinquency ratio stood at low 0.29% at end-June IN spite of sharply lower property prices, the mortgage loan portfolio of Hongkong banks remains sound, at least on an industry basis. Releasing figures on a monthly basis for the first time, the Hongkong Monetary Authority
      497 words
    • Article
      Lock icon Retail sales growth slows in China
      377 7 BEIJING AFP CHINA'S retail sales growth slowed by 4.2 percentage points from a year earlier in the six months to June, increasing pressure on economic objectives for 1998, reports said yesterday. Retail sales grew 9.1 per cent in the first half of 1998 to
      AFP  -  377 words
    • Article, Illustration
      Lock icon China declares emergency in 2 flood-hit provinces
      195 7 Reuters CHINESE authorities, bracing for more floods, have declared a state of emergency in two provinces as the nationwide death toll from natural disasters this summer passed the 2,500 mark, state media said yesterday. Direct economic losses from natural disasters by July 26
      Reuters; REUTERS  -  195 words
    • Article
      Lock icon HK trade deficit narrowed sharply to HK$6.6b in June
      293 7 HONGKONG Imports, exports and re-exports all fell year-on-year AFP HONGKONG'S trade deficit fell sharply to HK$6.6 billion (Ssl.s billion) last month as imports, exports and re-ex-ports all registered year-on-year decreases, the government announced yesterday. The June trade deficit was equivalent to
      AFP  -  293 words
  • Page 7 Advertisements
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      70 7 Make a fortune with I Standard Chartered in the weekend Business Times. The ljmo yy™: ,ri sts w rth 570.00.0 in The Game, the brand new investment competition UfjlMrf ror s andarcl Chartered. Singapore's largest independent distributor of unit WU,MU trusts. For an entry form, be sure to get the
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      258 7 Gain Valuable Knowledge and view the latest technical advances in the Contamination Control and Disk Drive industries One Location KgQJSEBI Two Ground Breaking Events TYade Visitors Only (xlArt fofry Rofflo* City V9RpM(T7TI •Tuesday2BJuly■ Convention ■■■ilUyj 12:00pm to 8:00pm Centre, SBEsUQB OteUOp+r l2Mpm Unnnnnrn {jIPISIH Wednesday 29 July 9P 10:00pm to
      258 words
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  • ASIA
    • Article
      Lock icon Pakistan forex reserves plummet to US$531m
      434 8 ISLAMABAD Amount barely enough to pay for two weeks' imports, says central bank AFP Reuters PAKISTAN'S foreign exchange reserves have plunged to US$53l million (Ss9ls million), barely enough to finance two weeks of imports, in the wake of economic sanctions over its nuclear tests,
      AFP; Reuters  -  434 words
    • Article
      Lock icon Commerzbank seals deal to buy Korea bank stake
      143 8 SEOUL AFP GERMAN banking giant Commerzbank AG yesterday signed a deal giving it a 350 billion won (***** million) stake in cash-strapped Korean Exchange Bank (KEB). The two banks signed the deal here allowing Commerzbank a 29.79 per cent share in the
      AFP  -  143 words
    • Article
      Lock icon Hyundai workers block bid to reopen plants
      418 8 SEOUL Continued shutdown puts USs3oom of exports in jeopardy Bloomberg HYUNDAI Motor Co workers blocked an attempt to reopen factories owned by South Korea's largest auto manufacturer after an eight-day shutdown, putting US$3OO million (Sssl6 million) of exports in jeopardy. Production lines remained
      Bloomberg  -  418 words
    • Article, Illustration
      Lock icon Sonia Gandhi hits out at govt over price rises
      437 8 NEWDELHI AFP INDIA'S main opposition leader Sonia Gandhi launched her most vitriolic attack on the embattled government yesterday at a massive protest rally which paralysed the heart of the capital. The Italian-born widow of former premier Rajiv Gandhi, guarded by hundreds
      AFP; REUTERS  -  437 words
    • ASIABriefs
      • Article
        Lock icon Aussie cabinet approves tax plan: report
        60 8 Reuters [CANBERRA] Australia's conservative government finalised its controversial tax reform plan yesterday and will now discuss the package with its backbenchers, Australian Broadcasting Corporation radio said. ABC said the cabinet approved the plan at a meeting in Sydney. The next step would be consultation
        Reuters  -  60 words
      • Article
        Lock icon ADB president quitting in Jan
        64 8 AFP [MANILA] Asian Development Bank (ADB) president Mitsuo Sato of Japan said yesterday he was quitting his post effective January next year, citing personal reasons. The veteran Japanese finance ministry official announced his decision at a news conference at the bank's Manila headquarters. He said
        AFP  -  64 words
      • Article, Illustration
        Lock icon Anssie leaders go to the dogs
        83 8 AFP [SYDNEY] Jake the Golden Retriever sniffing new chewy dog toys In the likeness of Australian political leaders, including Prime Minister John Howard (left), One Nation's Pauline Hanson (centre) and opposition Labor leader Kim Beasley (right), much to the horror of One Nation supporters
        AFP  -  83 words
      • Article
        Lock icon Parliamentary shake-up in North Korea
        65 8 AFP [SEOUL] North Korea replaced 65 per cent of its MPs in weekend polls, bringing a sweeping generational change before the expected rise of supreme leader Kim Jong II to the presidency, officials here said yesterday. The parliamentary shake-up came in Sunday's polls to elect
        AFP  -  65 words
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      88 8 Are you sitting comfortably? (You must be in Emirates' Business Class.) W v 1 mk* jsL Comfortable? Our Boeing 777s boast one of the most advanced seats in the skv. Pampered? There's a personal video, phone, tax and the finest champagne and cuisine. Impressed? We hope so. yVe f/ l
      88 words
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      40 8 BUY it SELL FIND;; Classified ads are purr... feet for finding lost little kittens. No matter what it is, you can always buy it, sell it or find it with the Classified. TOIL fit Eft''** 1800-737-1166 .CATS.) (•II Imlti Tiatifi*
      40 words
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      18 8 Impress your friends with an interesting Rm4 Cats' Mews i« S««li f CUtiifitd this witkt*4. fa fvf CAX&
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  • THE WORLD
    • Article
      Lock icon UK business confidence slumps to 7-year low
      661 10 LONDON Central bank urged to cnt rates amid concern UK may be headed for its first recession since 1991 Bloomberg UK manufacturing confidence fell to a seven-year low, a key industry survey showed, as high interest rates, the strong pound and Asia's slump
      Bloomberg  -  661 words
    • Article
      Blair cabinet reshuffle seen as cutting Brown down to size
      633 10  -  Premier comes in for praise from all shades of UK papers From] Neil Behrmann in London BRITISH Premier Tony Blair's cabinet reshuffle is aimed at cutting the power base of Chancellor of the Exchequer Gordon Brown and to relaunch New
      633 words
    • Article, Illustration
      Lock icon German parties pledge tax reform
      479 10 MUNICH Bloomberg Reuters GERMANY'S two main government parties reaffirmed their intentions to overhaul the country's tax system, if they win September's election. Chancellor Helmut Kohl's Christian Democratic Union and its Bavarian sister-party, the Christian Social Union, insisted they would push through the tax reform plan
      Bloomberg; Reuters; AFP  -  479 words
    • Article
      Lock icon Russia needs US$500m to fix Y2K bug
      233 10 MOSCOW AFP RUSSIA sought to tackle its "millennium bug" computer problem yesterday, warning that the overhaul of computer systems needed to avert a potential catastrophe come 2000 could cost US$5OO million (SsB6o million). Alexander Krupnov, head of the state communications commission, said if
      AFP  -  233 words
    • Article
      The people's show must go on
      579 10  -  LETTER FROM WASHINGTON Openness Is the keyword, be it on the Hill or in the White House By Leon Hadar HOW quickly the United States Capitol reopened to the public barely two days after a traumatic shootout that left two security officers dead reflects
      579 words
  • Page 10 Advertisements
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      256 10 ■■^^■■E|gygMrf«M||ML*jTil(qlq^ The Singapore Training and Development Assodation 9 1998) (STADA) is a non-profit, Patidpating CEOs at the CEO Forum are: i! r Z"c7 H :r:Yr a Inaape ,ket, g smka in Singapore. eon International Pte Ltd Mr Koh Ching Hong, MD, Fuji Xerox Singapore Pte Ltd Assodate Professor Neo Boon
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      30 10 DOOMESBURY By Garry Trudeau 'HR.zß&rrioiLL LOOK Arm OH, N0... WHAT/rue HATES BOCPSTBtefAOtSAS7H/RP THETEENGENRE?MHATIF HE &WNPER/N 'CHUNK*'...' PIPNT LIKE MY CHOfCEZTUM j I L£P 3Y ROGER E9SRJ' IFHEFAILEP TO WEMJ MY
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  • EDITORIAL & OPINION
    • Article, Illustration
      Three-realms philosophy can help Asia
      610 11  -  THE BOTTOKLDfE OPINION By Ong Yong Hwee The writer is a mechanical engineer by training and a business consultant by profession, with CEO Search Services. THERE is this story of a captain of a large ship on a collision course one night Ahead was a
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    • Article
      IN OTHER WORDS
      151 11 4 lf nothing else, I've more time for surfing.' Alan Shogart, fired Seagate Technology chairman and chief executive, a co-founder of the world's top independent disk-drive company 'I know the Chinese people. My ancestor 500 years ago was a Chinese Muslim named Tan Kim Han. The majority
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    • Article
      Enter the consensus seeker
      642 11 EDITORIAL JAPAN'S incoming Prime Minister Keizo Obuchi seems likely to prove a "consensus seeker" despite the term having been used disparagingly against him, to imply he has few leadership qualities. If anything, Mr Obuchi is likely to be the man who can free political logjams and
      642 words
    • Article, Illustration
      Lock icon Tokyo wary of US motives
      1119 11  -  Japan's economic misfortune may be the nnwitting engine of US growth By. David Friedman The writer is an international consultant andfellow in the Massachusetts Institute of Technology Japan Program. LATWP ALTHOUGH they failed to predict the stunning losses Japan's ruling Liberal Democratic Party, or LDP,
      LATWP; FILE PHOTO  -  1,119 words
    • Article
      WHAT THE OTHERS SAY
      499 11 The US U the loser THE reality is, the United States wanted a (international criminal) court for everyone in the world except Americans. It wanted a full immunity guarantee for American troops, American generals and American poli-cy-makers. Washington wasn't always so afraid of international justice. In
      499 words
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      42 11 Asia's economy is weathering a few storms. But is there H I a silver lining to the dark clouds? Watch the definitive TV H I I Asia in Crisis. Every Friday. 8 pm. I CMBCr I pg To subscribe call 872 0188.
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon The making of a golf superstar
      1225 12  -  IRA BERKOW South Korean Pak Se Ri's tough training helped her overcome her middle-class roots to become a world-class player, ira berkow reports NYT IN South Korea, golf is a game primarily for the wealthy, with annual membership in country clubs costing US$2OO,OOO (*****,700)
      NYT; FILE PHOTO  -  1,225 words
    • Article, Illustration
      Lock icon Why it's time to watch your triglyceride level
      578 12 HEALTH NYT [NEW YORK] Do you know your triglyceride level? New evidence strongly suggests that it is time to add triglycerides to cholesterol and homocysteine as substances in the blood that influence your chances of developing heart disease. Triglycerides are basic particles
      NYT; FILE PHOTO  -  578 words
    • Article
      Lock icon Gastronomic sprite aims to please
      624 12 CULINARY Wolfgang Pnck talks of his restaurants; recommends wines for Asian dishes Bloomberg [SEATTLE] Foodies who thronged to last week's annual "Bite of Seattle" food extravaganza got a taste of exotic international goodies dished up by the city's finest restaurants and a chance to see
      Bloomberg  -  624 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      968 12 FREIGHT LINKS EXPRESS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 62 Toh Guan Road, #05-00 Freight Links Express Distripark, Singapore *****1 on 12 August 1998 at 9.30 a.m.
      968 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      197 12 THE WEATHER Singapore: Partly cloudy. Temperature (30/21 C) AaiA-Parffic WHl* Cood. Jerusalem doudy Skxkfaota ll"fi cloud) Auckland -H4 doudy Mem Jl/41 dandy Vienna IS/26 Aowers Bangkok *7/34 Aoweri Zurich 1416 cloudy p-tf-f S2/28 showws Erop* WHl* Good. Boafcay *7/33 showers Amrtprdani 1412 doudy llwlm Lo/HT Oood. Brisbane 12/20 run Athens
      197 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
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      504 words
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      Page 13 Advertisements Column 2
      58 13 jg; I jg. j I (j^)f6SfMqphNl« Ccrfyw Qu»y J SELECTED j DIAN XIN DISHES j jAT 52.50 FOR LUNCH j 25% OFF j YOUR DINNER BILL* i THIS MONTH Reservations:224-3203 *On nonfunction nights only 7th Floor, Overseas Union House, j Collyer Quay, Singapore *****1 1... Will CUe-P Wlv\^ \AJ I*\HO
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  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      792 13 TV&RADIO IWiwtowa M 8.00 Showbuzz. 1.00 PM TV Innovations. o 900 Talking Point. 3.00 CDIS. 1 liUct^WOTwa—■^— CM .Yi JP^?M a »J on s« 3 La Femme Nikita 4.00 Setulus Kasih (r). 4.00 Kidz Blitz: Walter Mel- Noise (See Our Choice). 5.00 Keluarga Harmuni (r). n 10.30 News 5 Tonight.
      792 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      219 13 CRYPTIC CROSSWORD 8 Confusion in story is no Ihlhl HT good, briefly (6) __jMBBL_JML_^ J^B__JBL_ represents an of 12 Yob could be in gaol? Oh! (8) H| £K HB Wjj^^ 14 Bring back strap and smack —LmJ Undistinguished brother? H|| jHf 18 Cattle truck? No, a racer I j j
      219 words
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  • WIRED FOB BUSINESS
    • Article, Illustration
      Lock icon IT services seen driving Asian growth
      715 14  -  The market in the region is booming despite the economic crisis, reports rajucheuam RAJU CHELLAM IF there is one silver lining in Asia's dark economic clouds, it is IT services. Information technology services are expected to grow at a robust 24 per cent per
      Source: The Gartner Group  -  715 words
    • Article
      Web site beckons F&B firms
      410 14  -  Order kitchen appliances, wine and food accessories over the Net at Asiacnizine By 1 Toh Han Shih [SINGAPORE] Companies in the food and beverage business will soon be able to use the Net to expand internationally, with a service that a local firm, Peter Knipp
      410 words
    • BOOKmarks
      • Article
        First CNET site in Chinese
        66 14 SINGAPORE-BASED Internet publisher Tricast Pte Ltd and Hongkong Telecom Interactive Multimedia Services have delivered the first CNET site in Chinese CNET Hongkong. Tricast, which is also behind CNET's other Asian site, CNET Singapore (singapore.cnet.com), hopes to tap the four million Chinese-speaking users on the Net.
        66 words
      • Article
        E-mail advertising gets thumbs up
        117 14 E-MAIL advertising has a higher approval rating among Net users compared with other forms of Web-based advertising, according to the latest survey by Nikkei Multimedia. The report says users are increasingly giving banner advertising the thumbs down, and suggests that advertisers ought to reconsider their
        117 words
      • Article
        Russia: Nearly one million online
        77 14 THE Internet is developing rapidly in Russia and this is reflected by the increase in the number of Internet service providers, users and Internet networks. According to one estimate by the Regional Public Centre of Internet Technologies, there are 900,000 to one million Russian Internet
        77 words
      • Article
        Help for small businesses
        79 14 LINKEXCHANGE Inc and Microsoft Corp have teamed up to help small businesses build online stores. Link Exchange (linkexchange.com) will provide its Merchant Planet e-commerce service to members of the Microsoft Site Builder Network (microsoft.com/sitebuilder/) at lower rates. In return, Microsoft will promote Merchant Planet to the
        79 words
      • Article, Illustration
        Maid service goes online
        82 14 LOOKING for a foreign domestic maid has taken on a virtual dimension, thanks to a new Net service called Maid Search. The Web site makes it more convenient for prospective employers to select a maid without leaving the home, by viewing maids' biodata on the Net.
        82 words
      • Article
        US bill to ban gambling on Internet
        89 14  -  Compiled by Francis Ang THE US Senate has voted overwhelmingly to ban most forms of gambling on the Internet. The bill broadens the current phone and wire ban to cover new and upcoming technologies like microwave transmission and fibre optics. It is also
        89 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      151 14 <§> (e) I*l Security e-business E-BUSINESS: MAKING INTERNET Planning and BANKING MORE SECURE I security an the That's why United Overseas Bank worked with IBM when runr»j it deeided to beeome e-husiness. More specifically, Netrust readv enabled the to do their web. Transactions like making bill payments, viewing share iC^I
      151 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon ST Engg interim net profit jumps 32% to $79.1m
      429 15  -  Results beat analysts' expectations of $62-$69 million By\ David Boey SINGAPORE Technologies Engineering yesterday posted a 32 per cent rise in af-ter-tax interim earnings to $79.1 million, beating analysts' forecasts by a good $10 to $17 million. Singapore's largest defence and
      CHRIS LOH  -  429 words
    • Article
      DBS Bank gets Moody's thumbs up over merger
      413 15  -  By< Conrad Raj [SINGAPORE] International ratings agency Moody's yesterday gave DBS Bank its seal of approval over the POSBank purchase. Confirming its Aa2 long-term foreign currency deposit, P-l short-term foreign currency deposit, and B+ financial strength ratings, Moody's said POSBank's business would
      413 words
    • Article
      KPMG has submitted independent report to creditor banks, says IPC
      357 15  -  Price Waterhonse to advise PC maker on loan restructuring By, Annette Pau [SINGAPORE] Local PC maker IPC Corp yesterday said KPMG Peat Marwick has completed an independent report on its operations and the report has been provided to its creditor
      357 words
    • Article
      Lock icon Fraser-AMMB exec director quite
      154 15 Bloomberg [SINGAPORE] Ong Nai Pew, an executive director of research at Fraser-AMMB Securities, is the latest senior executive to leave the joint venture stock brokerage. Mr Ong's departure comes just weeks after Lim Kok Ann, Fraser-AMMB's managing director, quit to become a managing director in the
      Bloomberg  -  154 words
    • Article
      Let minority shareholders decide SembCorp-STIC merger
      633 15  -  HOCK LOCK SIEW Lee Han Shih A COMMENT by Finance Minister Richard Hu last Friday raises an interesting question about Temasek Holdings: should the government's main holding company play an active or passive role in the stock market? Dr Hu was asked whether DBS
      633 words
    • Article, Illustration
      Mid-Continent drops 17% as speculators sell out
      336 15  -  IV Ven Sreenivasan [SINGAPORE] Shares of MidContinent Equipment tumbled 13 cents or 17 per cent yesterday as speculators cashed out after driving the counter to six times its initial public offer price in a buying frenzy since its listing last week. The Sesdaq-listed
      336 words
    • REGIONAL COMPANIES
      • Article
        Membership in directors institute not compulsory
        471 16  -  S'pore association of company directors hopes to draw 2,000-3,000 members for a start Byi Clarissa Tan [SINGAPORE] The Singapore Institute of Directors will act as the national association of company directors and, among other things, draw up a code of conduct for members. But
        471 words
      • Article
        NTAs of closed-end funds UIS and OUS tumble
        248 16 [SINGAPORE] Dragged down by the Asian economic crisis, two local closed-end funds yesterday posted sharply lower results for the half year ended June 30. The net tangible asset (NTA) of United Overseas Bank's United International Securities (UIS) fund fell 25 per cent
        248 words
      • Article
        Lock icon ST Capital denies it is in merger talks with OUB
        133 16 Reuters [SINGAPORE] ST Capital Ltd said in a company statement yesterday that it is not engaged in any merger discussions with Overseas Union Bank Ltd. "The company does explore investment opportunities from time to time and will make announcements if
        Reuters  -  133 words
      • Article, Illustration
        Lock icon Daiwa Sec, Sumitomo Bank form ventures
        569 16 Bloomberg [TOKYO] Sumitomo Bank Ltd and Daiwa Securities Co Japan's second largest bank and brokerage will combine their capital market and corporate client units in three joint ventures, the companies said. The three joint ventures will be in investment banking, derivatives, and asset management.
        Bloomberg; AFP  -  569 words
      • Article
        Promet expected to undergo restructuring
        491 16  -  Counter suspended; firm may unveil scheme this week, says a source From Eddie Toh in Kuala Lumpur CASH-STRAPPED Promet Berhad, once the darling of stock market punters and now controlled by politically well-connected Ling Hee Leong, is expected to undergo a restructuring, sources said. A
        491 words
      • Article, Illustration
        GLC independent directors among the lowest paid
        419 16  -  Sesdaq firms pay the most to directors on audit committees By\ Siow Li Sen THE independent board members of the major gov-ernment-linked companies (GLCs) are among the lowest paid while Sesdaq companies pay the most for independent directors serving on their audit committees,
        419 words
      • Article
        Panpac Media IPO is 15.4 times subscribed
        164 16 [SINGAPORE] Magazine publisher Panpac Media's initial public offer was 15.4 times subscribed at its close on Monday. The company, which is seeking a listing on Sesdaq, yesterday said it received 1,928 applications asking for 46.13 million shares. Panpac Media is offering the public
        164 words
      • COMPANYBriefs
        • Article
          Lock icon PhileoAllied Bank to buy SimeSecurities
          84 16 AFP [KUALA LUMPUR] Malaysia's PhileoAllied Bank Kid yesterday said it will acquire troubled SimeSecurities Sdn Bhd from its parent Sime Bank Bhd. "Both parties will endeavour to finalise and execute the acquisition agreement within a month from today," PhlleoAllied Bank said in a statement, adding
          AFP  -  84 words
        • Article
          Lock icon HK firm buys into Thai power company
          85 16 AFP [BANGKOK] Thailand's state electricity monopoly said yesterday it has sold a 14.9 per cent stake in the country's largest listed power-generating company to a Hongkong firm for U*****.9 million (***** million). The Electricity Generating Authority of Thailand said it sold 78 million
          AFP  -  85 words
        • Article
          Pacific Can board changes
          88 16 [SINGAPORE] Pacific Can Investment Holdings has announced changes to its board with Harvestec Holding becoming a deemed substantial shareholder. Among the key changes are: Low Hua Kin Loo Wah Kim has relinquished his poet as group managing director and chief executive officer to become chairman of
          88 words
        • Article
          Lion Teck Chiang director quits
          52 16 131NUAPUKSJ Lion Tec* Chiang said Ng ser Miang has resigned as a director with effect from yesterday. With his resignation, Mr Ng also ceased to be a member and chairman ofthe audit committee. His place is taken by Ong Teong Wan, who has been appointed
          52 words
        • Article
          VDH cancels 3m loan stock
          49 16 [SINGAPORE] Van Der Herat said it purchased for cancellation 2.85 million loan stock at $0.9668 apiece on June 26 and another 20,000 units at 10.966 each on June 30. The total loan stock of the company outstanding after the cancellation is 10.17 million it
          49 words
      • Article
        Lock icon Bell Atlantic, GTE agree to US$55b merger: report
        525 17 But Germany's Deutsche Telekom denies it will also be involved Reuters [NEW YORK] Bell Atlantic Corp and GTE Corp were reported yesterday to have approved a US$55 billion (5594.5 billion) merger, but Germany's Deutsche Telekom dismissed reports it would also be involved
        Reuters  -  525 words
      • Article
        Lock icon BMW in deal to buy Rolls brand name for £40m
        329 17 It will be used for a new BMW luxury car range from 2003 Reuters [LONDON] Germany's BMW shocked the car industry yesterday as it bought the Rolls brand from Rolls-Royce pic for £40 million (*****.6 million), just weeks after losing
        Reuters  -  329 words
      • Article
        Lock icon Tyson to take US$200om charge to cut costs
        223 17 Bloomberg [SPRINGDALE, Arkansas] Tyson Foods Inc, the world's largest poultry company, said it will take a fiscal fourthquarter pre-tax charge of about US$2OO million (Ss34o million) to cover the expense of a cost-cutting plan that could include closing plants, firing workers or
        Bloomberg  -  223 words
      • Article
        Lock icon Continental to buy ITT unit for US$1.9b
        456 17 Bloomberg [HANOVER] Continental AG agreed to buy ITT Industries Inc's brake and chassis unit for US$l.93 billion (553.3 billion) in cash, helping the world's fourth largest tyremaker diversify its business. The German maker of Uniroyal and General tyres plans to finance US$3B6 million
        Bloomberg  -  456 words
      • Article
        Lock icon Mining giant Inco reports US$6m Q2 loss
        197 17 Bloomberg [TORONTO] Inco Ltd has recorded a US$6 million (5510.3 million) second-quarter loss from operations as falling metal prices hurt the world's biggest nickel producer outside Russia. Inco lost nine cents a share from continuing operations, compared with yearearlier profit from continu- ing
        Bloomberg  -  197 words
      • Article
        Lock icon Amex Q2 profit up 11%, beating analysts' forecasts
        407 17 Record mutual fond purchases help lift income to USss7Bm Bloomberg [NEW YORK] American Express Co (Amex) said on Monday second-quarter profit rose 11 per cent as spending by card users rose faster than expected and investors bought record amounts of mutual funds.
        Bloomberg  -  407 words
      • Article, Illustration
        Lock icon Boots, Mitsubishi £22m tie-up to open beauty stores in Japan
        312 17 Bloomberg [LONDON] Boots Co pic, Britain's largest drugs retailer, formed a joint venture with Mitsubishi Corp to invest £22 million (5562.5 million) in opening health and beauty stores in Japan. Boots will supply 51 per cent of the funding, and
        Bloomberg; AFP  -  312 words
      • Article
        Lock icon Alcatel 1H sales growth slows to 2.4% on Asia slump
        289 17 But telecoms firm sees doable-digit growth for year Bloomberg [PARIS] Alcatel SA, the world's fourth-biggest telecommunications equipment maker, said first-half sales growth slowed to 2.4 per cent as demand in Asia weakened, driving shares down as much as 5.5 per
        Bloomberg  -  289 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Citigroup aims to be asset management leader
        658 18  -  Citibank-Travelers merged entity plans to double assets to USs6oob in 5 years to be among top 5 By Shiv Taneja [SINGAPORE] Over the next five years, the asset management operations of Citigroup the financial behemoth that will be created from the merger of
        ARTHUR LEE  -  658 words
      • Article
        Lock icon Swiss Re buying Life Re for SFr2.7b
        325 18 .while Germany's Gerling boys US and Bermuda reinsurers FT [LONDON] Consolidation among global reinsurers accelerated on Monday as Zu-rich-based Swiss Reinsurance and Germany's Gerling announced acquisitions of companies in the US and Bermuda worth a total of US$2.5 billion (554.3 billion). Swiss Re,
        FT  -  325 words
      • Article
        Lock icon AIG to take controlling stake in auto insurer
        220 18 Bloomberg [WOODLAND HILLS, California] 20th Century Industries, an auto insurer, said American International Group Inc plans to take a controlling stake in 20th Century by exercising warrants and converting preferred shares. AIG told 20th Century it wants to exercise all its 16
        Bloomberg  -  220 words
      • Article
        Lock icon M'sia's MME fears derivative business going offshore
        408 18 Monetary Exchange calls for backing to avert situation Bernama [KUALA LUMPUR] The Malaysia Monetary Exchange (MME) fears that the derivative business may go offshore if the exchange did not get the full support of the relevant authorities and financial institutions, executive chairman Syed
        Bernama  -  408 words
      • Article
        Lock icon Euroyen dips on Miyazawa news
        215 18 SIMEX Report Reuters [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures slipped yesterday amid news former Japanese premier Kiichi Miyazawa was likely to claim the post of finance minister. "In the morning, the market was trading upwards. But after that Miyazawa news, the Euroyen
        Reuters  -  215 words
      • Article
        Stocks' fall wipes out early futures gains
        199 18  -  MSCI TAIWAN FUTURES Cecilia Loh Cecilia Loh, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures opened higher yesterday on the back of gains on Wall Street. However, the early gains were wiped out as the stock index dropped 60.16 points
        199 words
      • Article
        Lock icon Crude oil prices little changed
        248 18 ENERGY REPORT Bloomberg Reuters [LONDON] Crude oil was little changed as signs that the United Nations will only slowly approve the purchase of parts Iraq needs to increase oil production offset concern even more oil will reach saturated world markets. The UN has approved one
        Bloomberg; Reuters  -  248 words
      • Article
        Lock icon CURRENCY REPORT
        270 18 AFP Reuters London FOR foreign exchange analysts, Tokyo watching was still the name of the game and the yen recovered to around 141.5 to the dollar in late trading after Japan's new leader Keizo Obuchi said he would ask former prime minister Kiichi Miyazawa to be finance minister
        AFP; Reuters  -  270 words
      • Article, Illustration
        Untitled
        1280 18 MTERBAMK CROSS KATBS Jul 28 A$ C$ tot ECU Ffr P» HK$ tadtsltapin Ytw Wow 8M NZ$Pafcis Htn SS Rand Sfr MT$ Mrt Km* US$ Australia 0.916 6.178 0.551 3.652 1.089 4.724 25.945 83.536 0.866 7.665 2.522 1.188 32.079 25.652 1.048 3338 0.916 20.962 25.015 0.368 0310 Canada 1.091 5.524
        1,280 words
    • Article
      COMMODITY PRICES
      1836 19 S1COM FUTURES .h,ijs RUBBER (futures ctostnq is at 5.30pm) RSS1 cefltsAg) Close Volume Open jjffj High low Sett (tonnes) Interest Aug 98 T 125.50 50 Sep 98 124.25 340 Oct 98 124.00 124.00 124.00 600 1450 Nov 98 124.25 1450 Dec 98 125.00 1450 Jan/Mar 99 127.50 1950
      1,836 words
    • Article
      WORLD STOCK MARKETS
      2396 19 LONDON Intfastriais JMM N«tl y31 Group 599.000 unch AS Ports 342.000 12.000 Abbey Nation* 1049.000 -15.000 Allied Domecq 567.000 -12.000 Amec 155.000 -4.000 A«H Croup 205.000 -6.000 BAT Ind 693.000 5.000 BG Pic 396.000 unch BICC 132.000 2.000 BOC Group 778.000 -30.000 BR Petroleum 821.400 -7.600 BTR
      2,396 words
    • Article
      Lock icon TOKYO
      1633 19 Bloomberg D?®ko22B +170J8 STOCKS rose on expectations former prime minister Kiichi Miyazawa will accept a post as the country's next finance minister, preventing a power vacuum in the new government that Keizo Obuchi will lead. Top exporters such as Fuji Photo Film Co paced the gains after Kyodo News
      Bloomberg  -  1,633 words
    • Article, Illustration
      Lock icon HONGKONG
      1494 20 AFP Bloomberg Q Hang Seng -5833 STOCKS closed 0.7 per cent lower yesterday, wiping out earlier gains on uncertainty ahead of the formation of a new Japanese cabinet and its ability to carry out economic reforms, dealers said. The key Hang Seng Index ended off 58.33 points to finish
      AFP; Bloomberg  -  1,494 words
    • Article, Illustration
      Lock icon CHINA
      615 20 Reuters Q Shenzhen B Index -2.00 SHENZHEN S B Share Index fell to another 1998 closing low yesterday with selling kindled by escalated fears of poor interim earnings for B share companies, analysts said. The B Index, which has ended the past three sessions at new year closing lows,
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  615 words
    • Article
      Lock icon TAIPEI
      350 20 AFP QWP Index -60J6 TAIWAN stocks fell yesterday led by chemical and textiles issues as late profit-taking wiped out early gains, dealers said. "Share prices opened higher due to overnight gains in the US stock market. Big players took the opportunity to take profit," said Clemet Lou at Taiwan
      AFP  -  350 words
    • Article, Illustration
      Lock icon JAKARTA
      729 20 AFP Composite Index <jg SHARE prices closed slightly up but off their highs yesterday on profit-taking in staterun mining blue chips, dealers said. "The fall in the market was mostly (due to) profit-tak-ing," a dealer with a Singa-pore-based brokerage said. The composite index closed up 0.55 point at 483.53.
      AFP  -  729 words
    • Article, Illustration
      Lock icon BANGKOK
      775 20 AFP n SET Index -121 THAI share prices slipped 1.2 per cent yesterday amid declines in regional markets and continued concern over the state of local commercial banks, analysts said. Investor sentiment was dampened by banking recapitalisation concerns and jitters ahead of what will likely be a batch of
      AFP  -  775 words
    • Article
      Lock icon MANILA
      318 20 AFP Q Manila -32.86 SHARES closed lower yesterday, hit by disappointment over the first state-of-the-na-tion address by President Joseph Estrada the previous day. One analyst said he did not specify measures to tackle the weak economy. The Composite Index fell 32.86 points to 1,628.33. Volume rose to 248.6 million
      AFP  -  318 words
    • Article
      Lock icon SEOUL
      422 20 Bloomberg AFX-Asia PI Composite Index +5J>3 SOUTH Korean stocks rose for a second day, led by Korea Electric Power Corp and Kia Motors Corp, on optimism a strengthening won will help bolster corporate profits. The won has surged 32.3 per cent against the US dollar this year, lowering the
      Bloomberg; AFX-Asia  -  422 words
    • Article
      Lock icon SYDNEY
      588 20 AFP |T| AH Ordinaries +10J AUSTRALIAN share prices closed up yesterday following gains in New York and Tokyo, brokers said. The All Ordinaries Index closed up 10.9 points at 2,726.2. The All Industrials Index gained 20.7 points to close at 4,795.5, while the All Resources Index firmed 2.8 points
      AFP  -  588 words
    • Article
      Lock icon WELLINGTON
      253 20 AFP n Wellington -2.77 STOCKS were down yesterday in trading dominated by the debut of Auckland International Airport Ltd. The NZSE-40 index was down 2.77 points to 2,102.06 on turnover of NZ5169.5 million with the airport stock opening at NZ$2.O5 against an issue price on Monday of NZsl.Bo.— AFP
      AFP  -  253 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8391 21 INDUSTRIALS Consume pro^vcts Last Vol Day Net Cap K»» taw cawany Saie "OOP Nigh Law P/I ton 310 180 Ajinomoto 200 n o 81.1 '4® *0.5 Angfcasa 45 2 6 45 45 1.0 66 4 290 123 Apollo Food Hlg 138 48 55 2 388 184 Barjaya Land 199 -1
        8,391 words
      • Article, Illustration
        Lock icon Shares fall over funding pessimism
        420 21 AFP P Composite Index -4.06 MALAYSIAN share prices closed lower yesterday to languish at nine-year lows amid general pessimism over plans to revive the stalled economy, dealers said. They said the recent international credit ratings downgrades may hamstring proposed bond issues and delay an improvement
        AFP  -  420 words
    • WARRANTS&OPTIONS
      • Article
        Untitled
        3334 22 BONOS, LOANS WARRANTS Last Vol Day Last Quote Avg High Low Stno Company SiK *M- COOO> High Low Buyor Soliof Prtco 23.5 9 m 3000 m A MOB c5.S*0202t6 9.5 unch 2 9.5 9.5 9.5 12.5 20.5 5 3160 *AcorW*****1 USS 5 -0.5 10 5 5 4 5 95 8.5
        3,334 words
      • Article
        Petronas Dagangan wrt: fine balance
        181 22  -  WARRANT WATCH -By. R Sivanithy A WARRANT on a blue chip that has low volatility in its shares could hardly be called high-risk, yet that's exactly what we find when we examine the warrant issued by Malaysia's Petronas Dagangan. The instrument expires in February 1999
        181 words
    • Article
      CLOB INTERNATIONAL
      2436 22 Transaction date Jul 28 MALAYSIAN STOCKS Or Or L4«t Val Day Last Quote M« Mv YM Net M Cap Low Stno Company Sale COOP) High Law Buyer Sa—r CV P/I jn+ ~"5 28 msSOOO AISBSOc 37 OS 71 38 37 37 3&5 i!o 3J 2.8 15.7 3&0 65.5
      2,436 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6638 23 TVansactioiHiat(^u]2B| Gf Cr M Wt Vol Day Last Quote Dtv Otv YW Net Cap A*9 H L>w StNo Company Sale OOP) High Low Buyor Seller H C'vr P/E JmH Price WDUSTRIALS 43 12.5 o 1020 ACE 0ynamlcs20c... 17.5 *2.5 132 18 16 17 17.5
      6,638 words
    • Article
      SESDAQ
      1284 23 Ml... 19 6 „M. if? U»«Ourt« M* Dh> YM Net Cap *7g Ml h L w s, Comply SM OOO) High Low Buyer SMw Cvr P/I $mll Price 134 50 2000 ABR Hldgs 5c 79 40 75 79 243 64 t 2049 AS Auto 10c 64.5 »0 5 51
      1,284 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        221 24 Stock* Volume Mid-Cont 10c 11.705,000 •Pub Bk Foreign 6,326,000 *M Resources 6,104,000 ST Capital 25c 5,298,000 TAC BtIO 200 4,625,000 China N USk 4,430,000 •RHB Cap Bhd 3,577,000 HK Land USIOc 3,358,000 UIC 3,156,000 UOB Foreiqn 2,903,000 Stocks OBS Foreiqn 22.917,744 UOB Foreiqn 15,097,281 OCBC Foreiqn M.395,720 OUB Foreiqn 8.493,021
        221 words
      • Article, Illustration
        HOT STOCK
        76 24  -  -by Shiv Taneja UNITED Overseas Bank's foreign tranche closed 25 cents lower yesterday at $5.15 on volume of 2.9 million shares, compared with its 10-day traded average volume of 2.8 million shares. The counter's 52-week low is $4.86, and it appears oversold according to the weekly RSI and
        76 words
      • Article, Illustration
        Lock icon Market braces itself for poor interim earnings
        657 24  -  STOCK MARKET COMMENTARY Shares ease despite rebound in yen as sentiment is also weighed down by worries over Malaysian economy By R Sivanithy [SINGAPORE] Worries over the health of the Malaysian economy and prospects of a poor upcoming interim earnings reporting season were
        Chart info from Bridge  -  657 words
      • ON THE GRAPEVINE
        • Article
          Real confidence
          105 24 EVER wonder who takes out loans for home mortgages in these uncertain economic times? Here's an inside view from a local banker: "It's a general observation but this breed of borrowers are a very confident lot. Even before coming to the bank, they've already worked out their sums
          105 words
        • Article
          All under one roof
          100 24 AT the recent briefing on the merger of DBS Bank and Poet Office Savings Bank, POSBank chairman Moses Lee was exulting the advantages of the merger for its customers. This, he said, included having services such as foreign exchange, fixed deposits and unit trusts. "In £tct
          100 words
        • Article
          Pay up or wind up
          85 24 IT seemi that even the Malaysian government has Jumped on the bandwagon to go after deadbeat companies. The government recently filed a couple of winding-up petitions against firms for undisclosed amounts owed. Like many companies in the private sector, the government needs to recover as
          85 words
        • Article
          Money threads
          97 24 IN Hongkong, the low-end m«»« retail clothing sector is thriving, while the high-end segment is losing money, according to Asia Market Intelligence, a market research firm. Retail sales of all branded clothing in Hongkong are expected to hit US$4.5 billion (S$7.7 billion) by the year 2000. The low-end
          97 words
        • Article
          Insurable value of housewives
          112 24 SINGAPORE housewives today are not necessarily apron-strapped and kitchen-bound. They are often better educated and are often involved In financial planning, budgeting and investing the family income. This point is driven home in an article on the insurable value of housewives which appeared in the Actuarial
          112 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      107 15 ******999 99 9+*****+9 999 *99 s NA HOW TO INFLUENCE YOUR DEALERS and WIN CUSTOMERS Give them a Star Cruises Holiday the ideal incentive Ik Shorter trip closer to home Ik Higher value lower cost Ik Maximum flexibility minimum hassle Ik Customisation possible Ik Reliability guaranteed departure Ik Availability of
      107 words
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      Page 16 Advertisements Column 1
      166 16 AH YAT ABALONE FORUM RESTAURANT 190 Clemenceau Ave, #01-01/10 Singapore Shopping Cerrtre, (5)*****4 Fax 339 3075 Tel: 339 0476 Business Hours: 11.30 am 2.30pm 6pm 10.30pm WE SERVE BiG fy at Bird's Nest Set] Braised Bird's Nest Soup "Ah Kale with Abalone Sauce Whole Fresh Abalone "Ah Yat Style" Braised
      166 words
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      Page 16 Advertisements Column 2
      20 16 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. f Another Classified Service
      20 words
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      Page 17 Advertisements Column 1
      42 17 C w*Ww-W yg/ PIE iiraim ilc ri oi l4Jfil l U i*j <ir w Jul M y' v ]JJ I! =P il Q THE WORLD'S NEWS LEADER V Watch CNN International on SCV CTiannel 14 To subscribe, call SCV on K72 OIKB
      42 words
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      Page 18 Advertisements Column 1
      44 18 page colour brochure or to arrange a complimentary consultation contact: Mrs Diana Bean, General Manager or MS FI orelXe Nathan, Manager OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE LTD 26-04 CLIFFORD CENTRE, 24 RAFFLES PLACE, SINGAPORE *****1 E-mail: ocrasingOsingnet.com.sg TEL: (65) *****82 FAX: (65) *****91
      44 words
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      Page 18 Advertisements Column 2
      5 18 The Straits Times Classified Where
      5 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      59 20 calling about See...l told The card we're the computer I Y ou tHis was a J making for Susan I advertised in /i up, we got what V is going to be J Straits Times /f, x I we because V real nice! Nsciassm 1 Buyinfi or selling through The
      59 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      14 22 Buy It. Sell It. Find It. Classified. |GAX&| Call Today For Results Tomorrow. 1800-737-1166
      14 words
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      Page 22 Advertisements Column 2
      108 22 NOTICE NOTICE IS HEREBY GIVEN that, I Siu Kwok Hang of 2A King Albert Park Singapore *****4, have applied for a Wholesale Liquor Licence in respect of M/S W Y K Lu Import Export located at 29 Jalan Mas Puteh Singapore *****2, and that this application will be considered by
      108 words
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      Page 23 Advertisements Column 1
      15 23 BUSINESS Notices TO ADVERTISE CALL TOLL-FREE 1800-741 1883 TURN TO NEXT PAGE FOR MORE NOTICES
      15 words
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      Page 23 Advertisements Column 2
      108 23 NOTICE IS HEREBY GIVEN that, I Chin Gek Suan of Blk 13 Bedok South Road #07-603 Singapore *****3, have applied for a Public House, Ist Class Licence in respect of M/s The Next Place located at 15 Mohamed Sultan Road Singapore *****4, and that this application will be considered by
      108 words
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      Page 23 Advertisements Column 3
      109 23 NOTICE IS HEREBY GIVEN that, I CHU YUEN FAN of 35 Jin Haji Alias #01-30 Corona Villa Singapore *****5. have applied for a Wholesale Liquor Shop licence in respect of M/S COMPTOIR de FRANCE (PTE) LTD located at 11 Stamford Road #04-04 A, Capitol Building Singapore *****4, and that this
      109 words
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      Page 23 Advertisements Column 4
      111 23 NOTICE IS HEREBY GIVEN that, I Ang See Kiaw of Blk 146 Simei St 2 #09-24 Singapore *****6, have applied for a Ist Class Beer House Licence in respect of M/s Jin Piao Coffee Shop located at Blk 134 Lorong Ah Soo #01-454 Singapore *****4, and that this application will
      111 words
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      Page 24 Advertisements Column 1
      332 24 BUSINESS Notices NOTICE IS HEREBY GIVEN that, I Oh Cheng Hwee, of Blk 134, #06-182, Potong Pasir Avenue 3, Singapore *****4, have applied for a First Class Public House Licence in respect of M/s Sake Shabu-Shabu Restaurant, located at 5 Coleman Street, #04-01/02, Excelsior Hotel, Singapore *****5, and that this
      332 words
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      Page 24 Advertisements Column 2
      313 24 NOTICE IS HEREBY GIVEN that, I Kwan Chew Sien of Blk 21, Bedok South Rd #22-43 Singapore *****1, have applied for a First Class (Extended) Licence in respect of M/s Soho Live located at 200 Orchard Boulevard Basement Boulevard Hotel Singapore *****7, and that this application will be considered by
      313 words
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      Page 24 Advertisements Column 3
      325 24 THE STRAITS TIMES CLASSIFIED f YOUR GUIDE TO MORE PRODUCTS SERVICES I CATS NOTICE IS HEREBY GIVEN that, I Chay Sim Hoe of No. 11, Jin Kechubong, Singapore *****9, have applied for a Retail Liquor Shop Licence in respect of M/s Bee Hock Guan Seng Kee located at Blk 681,
      325 words
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      Page 24 Advertisements Column 4
      858 24 To advertise call toll-free 1800-741 1883 IN THK MATTKR OK THK COMPANIHS ACT. CAP 50 AND IN THK MATTKR OK KNKKI SINGAPORK PTR LTD (In Members' Voluntary I iquidation I hx tracts of the Minutes of an Kxtraordinary General Meeting of the Company held on the 28th day of July
      858 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      324 25 Bridge News Reuters TRADING here was very sluggish as the week started with little news of concluded business surfacing. TAHXEB& Late trading was quiet, although there was said to be some private business quoted in the Caribbean area. Aframax rates continue to soften with rates now down to
      Bridge News; Reuters  -  324 words
    • Article
      MARITIME STOCKS
      298 25 mmmmm 'ooo SI VI CWT Distribution 0.35 -0.01 7 ChuanHup 039 -0.01 31 Cosco Investment -0.50 Freight Links 0.155 -0.01 15 CB Holdings 0.20 *0.01 7 Hal Sun Hup 0.39S -0.005 16 Hitachi Zosen 0.535 -0.015 23 IMC Holdings HK 5.60 Jaya Holdings 0.39 -0.01 5 Jurong Shipyard
      298 words
    • Article, Illustration
      Lock icon Korean yards break dry spell with US$1b orders
      461 25  -  Shipowners consider newbuildings great bargains given weakening won By: Felix Chan [SINGAPORE] Aggressive bidding by shipowners coupled with the weakening of the Korean won reversed a dry spell for Korean shipyards in recent days as they racked up orders worth over US$l
      FILE PHOTO  -  461 words
    • Article
      Qingdao's mega-dock to be ready by year-end
      262 25 [SINGAPORE] With the completion of a 16 million ton capacity iron ore dock by the end of the year, Qingdao port aims to become China's third largest cargo facility. The mega-dock will boost Qingdao's annual capacity to over 100 million tons, Lloyd's List
      262 words
    • Article
      Use of both raster, electronic charts is complementary
      814 25  -  STRAIT TALE By I Seafarer LAST week, Singapore was among 61 countries attending the 44th session of the International Maritime Organisation's (IMO) Safety of Navigation Sub-committee (Nav 44). The meeting was unusually controversial with two fundamentally opposed camps and a considerable amount
      814 words
    • Article, Illustration
      Penguin builds vessel for charter
      189 25 [SINGAPORE] Penguin Boat International ha 9 completed the first of two multi-purpose offshore vessel (MOV) for its offshore vessel chartering unit. The 46-metre Pelican Challenge is the third high-speed customised aluminium MOV built by the malnboard-llsted ferry operator. Another MOV, to be named Pelican Glory,
      189 words
    • Article
      Newcastle port's throughput hits record 77m tonnes
      441 25  -  Prom Jersy Farynaki in Sydney THE port of Newcastle has set a new total trade throughput record of 77.06 million tonnes for the 1997/98 financial year, buoyed by growth In coal exports and a record container throughput. The New South Wales Minister for
      441 words
    • Article, Illustration
      Lock icon Waiting for good service again
      1122 26  -  US AIRLINE INDUSTRY Delta Air Lines' once-lofty standard of service has taken a battering of late, but some positive signs are in the air By Scott Thurston NYT DELTA Air Lines Flight 160 from Salt Lake City was in a holding pattern in turbulent air
      NYT  -  1,122 words
    • Article
      SHIPPING SCHEDULES INDEX
      374 26 PAGE Evergreen 6 ANL 3 Express TI M ft Accord 8 Farwide 14 Ahrenkiel M 8 Appenship 5 Fro<a 15 Asia OCL 14 FrtLinks '6 a Astro 3 GLink 4 Austral 9 8 Avant 16 Gensh W 9 B'tang Mas 8 Clof Nav 13 BSA 7 8
      374 words
    • Article
      SHIPPING GUIDE
      17976 34 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartlsar Vassal Voyaga TalapTiona ETA ETA Adyartisar Vassal Voyaga Talaphona SIN Dast'n Nama Nama Numbar Numbar SIN Dast'n Nam* Nam* Number Number IHMMNMMMMMMKMNMMMMMNMMMMMMMMMMMIMMaMM A To BUENOS AIRES (BUE) 2060 n Argentina To ABIDJAN (ABJ) 2003 »/07 nm csav ise oiss 45-*****55 Ivory Coast,
      17,976 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        786 41 Vejsel Voy No Berth Arrival Departure ■MMtaL J "~"j05 along S.M 29.07/0700 a' Iff JOI ataigsidt 29. 07/0300 5 s J* 0 JW 29.07/0100 tnmaiiwcnan in JM HooflSid. *07/2359 01 J10 Jonqsid* 09.06/0700 MntHanog *001 J17 liotxp.dt 2107/1900 Z?. J0« «O<visk>. 28.07/2000 T 5 ***** J13 Jtongsidf 3107/1700
        786 words
      • Article
        CONTAINER SCHEDULES
        1819 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From AO t»M OOW 31/1600 M 21/1500 21/1651 21/1900 n 28/1500 28/1659 21/1900 2A 21/1700 N/0459 29/0900 21 21/1700 29/0659 29/0900 3 29/0700 29/1159 29/MOO 4 29/1200 29/1459 29/1700 «IH»H 1
        1,819 words
      • Article
        GLOBAL HOLIDAYS
        190 41 Aa|L Switzerland: National Day. An|3. Ireland Republic Of: August Holiday. Anf 10. Singapore: National Day Holiday. South Africa: National Women's Holiday. Aug 12. Thailand: HM The Queen's Birthday. Aug LB. Austria: Assumption Day. Belgium: Assumption Day. France: Assumption Day. Greece: Assumption Day. Italy: Assumption Day. Luxembourg: Assumption Day.
        190 words
      • Article
        COCKETT BUNKER MARKET REPORT
        1030 41 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of sincle prices for a more comprehensive description of the market Prices shown are based on average-sued stem Market movements are indicated The Cockett Bunker Price Index change and the individual
        1,030 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        614 41 Carbon 180 Mai 993.1 0.9 16.7 0.10 73 0.07 July 23 Density Water Residue Ash Aluminium Sediment No above E25 3 0 10 0 0 0 380 Ave 986.2 0J 16.1 0.08 23 0.03 (no* 380 Max 992.8 0.9 19.0 0.11 m 0.07 K/M'3 »»/V HM/M
        614 words
    • AIR&LAND TRANSPORT NEWS
      • Article
        Airfares across Japan should be cut: Skymark
        463 42 New discount airline says major carriers should not target only at the route it will fly in Sept [TOKYO] Skymark Airlines Co, a Japanese discount airline set to start operating in September, said airfares should be cut nationwide and not just on the
        463 words
      • Article
        South Asian proposal for direct air links unlikely to take off
        435 42 Many obstacles SUCh as costs in the way [DHAKA] Tortuous talks aimed at establishing direct air links for all South Asian nations will be taken up again at a regional summit this week and again the proposal is unlikely
        435 words
      • Article
        Lock icon Police question pilot for detaining passengers
        249 42 UK's Go airline protesting against action of Italian police AFP [LONDON] A British pilot who told his passengers that none of them could leave the plane until the person who smoked a cigarette in the toilet came forward was questioned by Italian police, a
        AFP  -  249 words
      • Article, Illustration
        Lock icon American Airlines set to unveil huge Boeing order
        300 42 [SEATTLE] American Airlines is expected to soon announce a high-value order for Boeing airplanes to replace its aging DC-10 fleet and prepare for expansion, the Dallas Morning News reported. Such an order would be welcomed by the Seattlebased airplane manufacturer, which has
        FILE PHOTO  -  300 words
      • LOGBook
        • Article
          Lock icon China Eastern wins US$l30m credit
          63 42 Reuters [SHANGHAI] The Construction Bank of China has agreed to provide China Eastern Airlines Co with a US$l3O million (Ss22l million) credit guarantee for the leasing of three aircraft, the Shanghai Securities News said yesterday. The bank would provide a guarantee for China Eastern Airlines
          Reuters  -  63 words
        • Article
          Lock icon BAA says Q1 results ahead of budget
          79 42 Reuters [LONDON] British airports operator BAA pic announced a 3.7 per cent rise in first-quarter profits but said underlying growth was nearer 9 per cent and ahead of budget. "Thus at this early stage we are on track to fulfil our expectations for
          Reuters  -  79 words
        • Article
          Lock icon Gulfstream to buy aviation unit
          80 42 Bloomberg [SAVANNAH, Georgia] Gulfstream Aerospace Corp, a leading corporate-jet maker, agreed to buy K-C Aviation from Kimberly-Clark Con? for US$25O million (***** million) in cash, increasing its ability to customise and service business aircraft. K-C Aviation, with about US$2OO million in annual revenue, completes plane
          Bloomberg  -  80 words
      • Article, Illustration
        Lock icon World's smallest vehicle
        55 42 [TOKYO] Mitsuoka Motors president Susumu Mitsuoka smiles as he unveils a newly developed micro car MC-1 at a press preview at Yebis Garden Place yesterday. The single-seater and 50cc engine mounted vehicle, said to be the world's smallest vehicle, will be on sale in Japan from tomorrow
        REUTERS  -  55 words
      • Article
        Lock icon FAA plans more rigorous checks for some jet engines
        311 42 Bloomberg [WASHINGTON] US regulators unveiled a plan that would require airlines that do business in the US to conduct more rigorous checks of engines manufactured by General Electric Co, United Technologies Corp's Pratt Whitney and CFM International. The engine safety programme,
        Bloomberg  -  311 words
      • Article
        Lock icon US Air, American to launch combined frequent flier plan
        294 42 Bloomberg [ARLINGTON, Virginia] US Airways Group Inc and AMR Corp's American Airlines on Saturday will become the first major US airlines to start a combined frequent flier programme as they begin a partnership designed to increase revenue. US Airways frequent-fli-ers will
        Bloomberg  -  294 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1885 42 CITY FU6HT CU FU6HT OP S***** >625 IH787 2359 UMN $0230 1910 Of 06 1605 N***** 2359 Amsterdam N***** 0755 KIB38 2300 $024 2320 fuluiokj S0989 1700 S0990 0115 S0327 0755 GMftfZhoePHC C2351 2045 C2352 0835 K1837 1455 1 Hanoi VH741 1310 VH742 0905 Auckland N*****
        1,885 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      28 25 Waiting for gpod US airline service again Delta's once-lofty standard of service has taken a battering of late, but some positive signs are in the air. Pago 2
      28 words
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      Page 25 Advertisements Column 2
      116 25 Airfares across Japan should be cut: Skymark New discount airline says major carriers should not target only at the route it will fly in Sept. BackPage Advertising in Turbulent Times Are you qettinq the Reaol as promised? shipping times GUARANTEES "48,000 daily circulation! In Singapore, when you want to reach
      116 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      1029 26 I NORTH AMERICA I I EXPORT 1 I OTHER DESTINATIONS SSX- SUPER SHUTTLE EXPRESS -DIRECT TO LA DffliCT BERVTCE TO WEST COABT SOCTTH AMETUCA/AB4A AKOEB EXPRESS SERVICE (IIT vot itasw itpsw m ml hop ok ht mbocoott vtssa I vot I sin maniamuo oußtAvtMnm cauao wuwik mtwagasta iamtomo" ooaooiu 25ESJ2
      1,029 words
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      Page 26 Advertisements Column 2
      91 26 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 Kono All China Port. (EVERY THUR 4 SUN VEMCL) VESSEL VQY ITD SIN ETA TYO ETA KOB ETA YOK ETA NGO ETA OSA HOUSTON V.OH
      91 words
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      Page 26 Advertisements Column 3
      709 26 Lines& services represented u "COSi) by MemDefs of the Re 9' str Y <* h]*l Singapore Freight Forwarders Accredited Shipping Agents uUV Association Singapore Shipping Association CONTAINERS/CONVENTIONAL CARGO ACCEPTING ON DIRECT SAILING TO MALE ETA(SING) ETA(MALE) M/V Princess Lily V 0398 12/08/98 19/08/98 M/V Princess Lily V 0498 02/09/98 09/09/98
      709 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      1035 27 TO EUROPE FROM EUROPE [vessel vor sin htm anr ham wv sou ht leh fossa vorl rtm anr haw »v «w in uh HYIARON 314W 30/07 22/08 19/08 20/08 17/ M MUMS 0031 05/07 07/07 10/07 11/07 2S/07 MOHOUTE 00SW 31/07 16/06 18/06 21/06 22/08 ELM 547E 12/07 09/07 10/07
      1,035 words
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      Page 27 Advertisements Column 2
      2057 27 I (g) HANJIN SHIPPING HANJIN SHIPPING (S) PT! ITO hup //mm hnjia com KXXJHG *****35 237 SALES *****24 231 OOCUMfNT *****71 274 OPttATKM *****41 252 MAIN LIME *****55 FU *****40 (I NO **********0* TO NW USA CANADA USA CANADA* FOB VSI/VOY IMMI UN UNI HAW/VOY SEA TTW DEN [~~PM 51
      2,057 words
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      Page 27 Advertisements Column 3
      494 27 FULLY CONTAIN 1 »HI P PiPICATiP SKKVICIS VESSEL VOT SIN PEG VOT SIN HKG KEI USN PUS jVoTpSirpK^VESSr^^jvOMS^|JtT I MONIANIA IOS 19/07 21/07 lON 22/07 26/07 21/07 30/07 31/07 n?/ra |HyiL U iKWiMTtt 11\$ Q7/08 KMTCJJLSAN HQS 24/07 31/07 02/01 04/00 OS/M IwQNTAHIA lIS I M/M I 11/ M IKMTC
      494 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      1565 28 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEDITERRANEAN/CANADA VESSEL TOY SIN LtH HTM ANN HAM BRV FU VESSEL VOY SIN JED SfT SH RB VLC MTR HANJIN GENOA W0834 3117 TIM 22 OS 20 08 21 M 23 00 SHANGHAI SENATOR WMW34 30 07 10 00 10 00 10 00 20
      1,565 words
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      Page 28 Advertisements Column 2
      1042 28 mjLM MAC-NELS S'PORE M'SIA Carrier: MN CONTR LINES, INC p. guoang: (ot) *****26 I iV/ J Q« NO: *****7500Q0* SJBU: (064) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MDN: (61) *****3 KUCHING (062) *****1-3 XINOAHC PENANC/PORT KELAMC
      1,042 words
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      Page 28 Advertisements Column 3
      422 28 "1 LINE 5 TIL: *****56 FAX: «s»ai 12 MUARA LABUAN i vtssa vor ire eta vtssa vor m rr* SFOM MUAAA SFOKt UN IfItOSTH VI9I/90 03/00 M/M IWOSTH VI9I/90 03/00 07/00 APRtGUXT V2OI/96 07/06 10/01 A«tGU*Y V2OI/W 07/01 11/ M irtosra vm/w is/os u/os iwosm vm/w 13/01 17/00 Afttaotr V2ll/W
      422 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      1580 29 [VESSEL VOY SIN PGU PKQ PEW POB DUB 3HJ TBA BIK IRAN MATIN PJL 1297 17/07 28/07 IRAN HESABI PJL 1304 20/07 06/08 07/08 07/08 08/08 IRAN TAKHTI PJL 1300 08/08 14/08 15/08 15/08 18/08 IRAN TEYFOURI PJL 1304 17/08 25/08 28/08 28/08 27/08 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLANO POINTS
      1,580 words
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      Page 29 Advertisements Column 2
      1990 29 ALL-WATER DIRECT TO 1 NEW YORK IN 28 DAYS j I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (B/L) *****02 JOHORE OFFICE; COSTAR SHIPPING PTE LTD #17-08 DIS HOG SALES/BKGS *****41/43 INWARD DEPT (D/ 0) *****85 COSTAR AGENCIES (AA) SDN BHD CR NO: **********0* TOWER
      1,990 words
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      Page 29 Advertisements Column 3
      633 29 I EASTERN CAR LINER, LTD ila Eg (SINGAPORE) PTE LTD SPECIALIZE IN ROUP HEAVY LIFT UPTO 122 TONS Kl (SINGAPORE) PTE LTD LOADING FOR CALCUTTA/CHENNAI HO CHI MINH/HONG KONG MV "BRIGHT PESCADORES" V.l MV "GOLD INDUS" V.I A ETA SIN 30/07/98 ETA CAL 04/06/98 ETA SIN 31/07/98 ETA HCM 04/08/98
      633 words
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      Page 30 Advertisements Column 1
      1979 30 IWvWw yvWw -*-JVW J f B H rrzzx. <- I liii"i -ill T mi A ntr^l I Any Destination,! I Any Time. 1 Sailing schedules to the Americas more. 24 hours a day in the Shipping Guide Fax-On-Demand hotline 740 6000. Another innovative service offered by INK!*! SINTXSTIMKS EUROPEAJKySCAMDIHAVIA/FIHLANDfIUSSIA SGP
      1,979 words
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      Page 30 Advertisements Column 2
      341 30 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vessel vot sin puj pok en i/uT NAMUI VENUS Y. 028 03/08 11/ M lt/M 21/01 24/ M GOIDOIDRAGOW VOO6S 10/01 20/06 24/ OB 21/01 HANSACASTRU V.OOIS lt/M 25/01 H/Ot 03/09 NANTAIttItKESS EO23S 73/0t 07/09 H/09 NANTAI QUBN VOWS 31/01 09/09
      341 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      440 31 j BSA MYANMA pBBk FIVE STAR LINE f (Myoa«ar Notional Line) Loading for Yaagoa (Rangoon) VOY SIN PKI PEN P6U MONGU 15W SU> srrrwi iiw $u) MAIAYSIA AGENTS: KXJSTtAO SHIPPING AGENCIES KUL m (03)*****00 MIL Til (03)*****01 PW: Itt (04)*****0} f«fc Til (07)*****21/4 BANK LINE (A Mfvic* •I Andrtw Wtir
      440 words
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      Page 31 Advertisements Column 2
      1198 31 HMNEHYUNDAI MERCHANT MARINE CO., LTD. mg mi i,dai? teMja UvtSreno S?S2 VJUL "/M 22/04 14/04 14/04 HYOUH 3121 04/07 14/07 09/07 11/07 01/ M 252 ~/w 20/01 n/< Kfn gg—*****3/07 14/0715/07 u/07 oi/2 NOIAMAZOMTI 017W #4/M 24/ M 29/ M 24/04 27/ M MS 5211 17/07 14/07 17/B7 umi u/2
      1,198 words
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      Page 31 Advertisements Column 3
      998 31 Sm mSi "on~*gnr ipebofzad oukxaman B/Ef™**"'*™ G)©§(°]<3 TO NORTH AND LATIN AMERICA "RORO HEAVYUFT SERVICE" Vissn VQT IAMf HEIGHT SW LAX (11 MIA SAV Mi Off WYg WPtt MM I TOURCOING FBl5 4001 MS 6.3* 31/07 24/08 02/09 05/09 07/09 09/09 H)709 14/09 15/09 JUS* "J* 400 ,S /M 10/09
      998 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      787 32 BANOKOK/MAP TA PHUT/LAIM CHABANQj JAKARTA/PAN JANQ VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN NANTABHUM** 4Q4N In Pt 01/06 02/06 THANA BHUM 297S In Pt 01/06 SI NO OCEAN OCNQ99 In Pt 01/06 GURU BHUM 88S In Pt 02/06 XETHA BHUM 243N 30/07 02/06 GURU BHUM 88SB
      787 words
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      Page 32 Advertisements Column 2
      498 32 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 BMV TEL: *****68 FAX: *****64 TLX: R*****6 SINMER CR No: **********0W Receiving Cargo at PTI I Pintulii I Muara I VISSCI VOY SIN ry mm V9I MUA B Seng V9BISE 05-06/08 11/OI MGoid WBUE 30-31/07 05/06 I Sen V9816E IU9/08
      498 words
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      Page 32 Advertisements Column 3
      688 32 a ACCORD B SHIPPING PTE LTD TEI! *****15 (40 Unas) FAX s *****30 POST KLAMG (03) JI7 1001 B Wi OMKCT ACCESS Til: *****55 (EXRORT ROOKING) HSM <MOA»C (071 SSI IV/ *****34 (EXPORT DOC), *****39 (IMPORT) nUHG (04) 537 1444 URLsHTTP://WWWACCORD.COM. SG JAJUUtJA (71) M 0770 *>1T ITA MM ~EORT
      688 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      418 33 INPONESIANATIONA^N^I TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE VOL I VOY I S POWf ADAM/BDAM H OUHO OMMtM ANTWERP VEIIEL I 20/10 25/10 OMIT 05/11 TO AUSTRALIA FULL CONTAINER SERVICE m VOY wSTST FWt Hi M MB HK m W API EMERAU) IBS 3007 ffl OB OMO 1400 17M 2MO 2XOO KAOUBAI
      418 words
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      Page 33 Advertisements Column 2
      787 33 PACIFIC INTERNATIONAL LINES (PTE) LTD I *****22 K l4O Cecil Street, #03-00 PIL Building, Singapore *****0. I CR NO: **********06 ivtssil VOY m SW "I FIE SYP Mil out AIH. HII PKi SIW I UNA AUSTRALIA 11*203 2/1 4/1 10/1 14/1 16/1 20/1 27/1 KOTAPtRTAMA PTMOII "171~ 16/1 H/j ii/j
      787 words
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      Page 33 Advertisements Column 3
      873 33 VESSELS VOY w I JED MLA LEH HAH THP RTM ZEE VILLE DE MIMOSA V27W QM» 15/06 16/06 28/06 26/06 ~~«re 3aqe~ W-LE DE TANYA T77W 10/06 18/08 24/06 28/06 31/06 02/08 02/09 CXVW VKJ-E DE TAURUS A27W 17/W 26/06 31/06 06/08 07/08 08/W 06*K 10/08 VILLE D'AQUARIUS U27W 24/06
      873 words
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      50 35 STEjfl Dial 740-6000 on demand —(Retrieve more schedules!) Press "V CT yC\ Select the port and key in yj the four digit code eg: To New York (NYC) 2275 ST*) Key in your fax number I your phone number Anothf Innovative service offered by The document Will be SHIPPING TIMES
      50 words
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      50 37 STggffc Dial 740-6000 on demana (Retrieve more schedules!) Press "1" CT Select the port and key in s y| the four digit code —eg: To New York (NYQ 2275 Key in your fax number your phone number Another innovative service offered by The document will be SffIPPING TIMES 3 JL/tZ2S&C.
      50 words
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  • Page 38 Advertisements
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      Page 38 Advertisements Column 1
      1095 38 —w SAMUDERA SHIPPING LINE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. **********00 2^!!!^.!l^ L i.--. E -lh l -!L 2 3- 2 ?IVf 3 J E ICA/CELIA/MEI CHAN 7 SLGS/WEEK (223Z822H 2 SLG/WEEK I VESSEL [~VOY r~SiN
      1,095 words
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      Page 38 Advertisements Column 2
      608 38 IfM ENG LEE SHIPPING CO PTE LTD I IfTTQ T#(: *****75 (4 UMI) Fan 5330«3»/5324»60 T C«Wt »5«WOOOO<K VESSEL VOY SIN nA SIN ETD DESTINATION Morco Polo 24 08/98 28/07 29/07 Jokorto Smor Centrol 10/98 29/07 30/07 Perowong/Buoton/P Boru Marco Polo 42 15/98 30/07 31/07 Buoton/Perovwng Union Star 8 08/98
      608 words
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      Page 38 Advertisements Column 3
      473 38 SIN FAR EAST 02/08 KEELUNG/KAOHSIUNG 02/08 BANGKOK 02/08 MANILA/CEBU 02/08 JAKARTA/BELAWAN/SURABAYA 02/08 PORT KELANG/PENANG/E. MALAYSIA 04/08 BUSAN 02/08 TOKYO/YOKO/KOBE/NGO/OSA 02/08 HONG KONG SIN CHINA 02/08 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIN EUROPE/UK 02/08 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES m USA/CANADA 02/08 LOS ANGELES/NEW YORK all IPI points
      473 words
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      Page 38 Advertisements Column 4
      369 38 rff# Singapore Soviet Shipping CPL W\ CI to I(K5OM0000N Multiline Shipping PL V 3 3) rwkoly Owed Stfcrfvy) a No **********0 C VESSEL VOY SIN BOM PNG PKL KOTA RUKUN RKNOO9 06/06 13/06 25/06 26AM KOTARATU RTUOI7 13/06 20/06 01/09 02/09 BUXMOON 116N 20/06 28/08 09/09 10/09 [VESSEL VOY SIN
      369 words
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      Page 39 Advertisements Column 1
      1112 39 ASIA MEDITERRANEAN EXPRESS AME) WESTBOUND SERVICE VESSEL VOY I SIN 1 CMB PtR LA SPEZIA I VIC I LEH I FXT I ANT I MSC ALE\A 9929 3 31 M Q4MJQ 14 AUG 17 AUG 19 AUG 23 AUG 24 AUG 25 AUG MSC KERRY 9830-3 06 AUG 10 AUG
      1,112 words
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      Page 39 Advertisements Column 2
      1858 39 MYK CASTOR 04WA30 3offi ISXB Si VISSR/VQTAg $OV WW HAM Hj S'PQRE KOBE HAGOYA SHMAIZU TOKYO HOfCHST EXPRESS 40WA31 M.M TIM 24 08 £5 J9JM POM SOUTHAMPTON 02U27 05.07 OMIT 11.07 2107 OXOB 04.08 06M 0508 PONI SOUTHAMPTON 02WA32 13.06 79.08 31X8 01.09 0509 NYKSIRRWS 02EA28 1107 1107 15.07 1107
      1,858 words
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      Page 40 Advertisements Column 1
      886 40 USE ©&a§ay TICER-LIOE 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 P DIRECT LINES *****80/*****81 18* GLORY NAVIGATION CROUP I re^a] REGULAR LINER SERVICE
      886 words
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      Page 40 Advertisements Column 2
      922 40 FREIGHT LINKS EXPRESS V Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin@singnet.com.sg DIRECT SERVICES MALTA REPULSE BAY V16W030 ETD SIN 30/07/98 ALEXANDRIA CONTSHIP OPTIMISM VBl 24 ETD SIN 03/08/98 LAEMCHABANG SINO MARINE VMRN3BI ETD SIN 04/08/98 SHANGHAI HYUNDAI COMMODORE V3I3E ETD SIN 06/08/98 IZMIR DISCOVERY BAY V 8513 ETD SIN
      922 words
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      Page 40 Advertisements Column 3
      1381 40 OOCL (Singapore) Pte Ltd CFS Keppel Distrpk 79 Anson Rood #21-04 (S) *****6 Blk 513 #01-128 (±V. CRNO **********0H Tot 272 7827 for bookm g /s^> T#fc *****13 F« 221 3942 f«: 272 7825 ji T OOCL (Malaysia) Sdn. Bhd. enquiry \VS{/ Si PETAIING JAYA Tefc 03-756 776 faiK)3-7565 342
      1,381 words
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  • Page 41 Miscellaneous
    • Miscellaneous
      Page 41 Miscellaneous Column 1
      133 41 LEGEND R Thunderstorm Temperotuce c X\ V Shower Weother Wind direction with speed in knots Rom {^J Cloudy Sky Wove height Surface winds ore indicated by arrows which fly with the wind W One fuN circle represents calm or light ond vonoble winds J__ One holf fleche represent, 5 knots
      133 words
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