The Business Times, 4 August 1998

Total Pages: 38
1 38 The Business Times
  • 12 1 THE BUSINESS TIMES MITA(P) 110/12/97 85e SINGAPORE Internet http://bnsiness-times.asial.com.sg/ TUESDAY, AUGUST 4,1998
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  • 635 1  -  Understanding in IX) was for this OTC market to operate for a while, it claims From] Eddie Toh in Kuala Lumpur THE National Economic Action Council of Malaysia (NEAC) has said that the time is now right for Singapore to close down
    635 words
  • 606 1  -  SG Securities sees 2.7% for fall year, 13% for Q4, riding on electronics demand By, Audrey Tan (SINGAPORE] A rare bull has emerged among the forecasters tracking the Singapore economy: SG Securities says it expects a fourth-quar-ter recovery to 4.3 per cent growth, and
    606 words
  • 729 1  -  Hug Seng leads fall, diving yen hits 146.70 By] R Sivanithy, Larry Wee /fyßShraaitiiy and LarryWee [SINGAPORE] The continued plunge of the Japanese yen to below 145 to the US dollar and worries about Wall Street's health sent regional stock markets tumbling yesterday,
    Source: Bloomberg; REUTERS  -  729 words
  • 850 1  -  By. David Boey [SINGAPOREI Unemployment in Singapore could hit as high as 7 per cent next year meaning some 126,000 people out of work if the economy slides into a recession, Lim Swee Say, deputy secre-tary-general of the National
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  • 54 1 Bloomberg [NEW YORK] US stocks fell yesterday, led by oil shares, on concern that Asia's economic woes will cwt into US corporate profit growth. The Dow Jones index plummeted in early trading, felling 80.84 points. By lpm EOT. the index was down 56£4 to
    Bloomberg  -  54 words
  • Page 1 Advertisements
    • 84 1 11 Hie Hongkong «xw«"»y shrank 2.8% in the first quarter and will probably contract further in the 2nd quarter, Pg# vV;-£. I Ul Hm PnyvtfOilHMi HK billionaire Li Hashing stands to lose a few million dollars on a sinin Jhrong Shipyard yesterday announced a 74% Jump in net profits to
      84 words
    • 154 1 NEAC letter, Pg 14 BKiwlnmGDPinQl to an even worse -2.8%, Pg 5 l^^jjj^^r Automatic Chronometer in 316 L steel, by Mauboussin. S$ 5,380. <¥> MAUBOUSSIN since 1827 •-"*'> EXCLUSIVELY AVAILABLE AT: MAUBOUSSIN BOUTIQUE #01-19 A NGEE ANN CUT 5918 ORCHARD ROAD SINGAPORE23BB74. TEL (65) 735 1272 ROY EASTERN WATCH #01-86/88
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    • 3 1 reports, Pg 3
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  • SINGAPORE AT HOME & ABROAD
    • 332 2  -  By, Jenny Lam HOMEGROWN healthcare company Vista Healthcare Asia has bought a 26 per cent stake in IBC-Asia Healthcare (IBC), which plans to invest up to U5555.5 million (5596.2 million) to set up eight to 15 eye centres in China. "We view our
      332 words
    • 352 2  -  It's the only main expressway going into city from the west, minister says By I Christopher Tan THE Ayer Rajah Expressway would probably be one of the first roads to be included in the second phase of ERP (electronic road-pricing),
      352 words
    • 296 2  -  E7E ON THE ECONOMY Construction By\ Diana Oon Construction work progressed steadily in April and May, with progress payments growing an average 11 per cent year-on-year. This was however slightly below the 15 per cent average growth chalked up in the first quarter of this year.
      Source: CIOB  -  296 words
    • 285 2  -  Idea, mooted by S'pore side, seen as way to move trade By' Yang Razali Kassim SINGAPORE and Indonesian businessmen yesterday discussed the possibility of countertrade as a means to facilitate Jakarta's imports and exports. The idea was mooted by the Singapore side
      CHRIS LOH  -  285 words
    • 319 2  -  ABNAmre and Visa among those who have joined alliance By Toh Han Shih SINGAPORE is the headquarters of a new regional online alliance between banks and computer giant IBM, that enables financial institutions in Asia-Pacific to offer various services through
      319 words
    • 415 2  -  $2£b tourist hub project launched in Lagoi Bay By* Carol Eng DESPITE having built only about 600 hectares, or 3 per cent of the total land so far, Bintan Resorts is sticking to its original timeframe of developing all 23,000 hectares by the
      Source: Bintan Resort Management  -  415 words
    • 217 2 EDUCATION Minister and Second Minister for Defence Teo Chee Hean will attend a handover ceremony in Jakarta on Thursday to mark the first delivery of the Singapore's government's humanitarian aid to Indonesia, a statement said yesterday. The aid, in the form
      217 words
    • IN Brief
      • 106 3 THE European Union's introduction of the euro as a common currency by 2002 is a "fundamental shift" that will have implications for Singapore's trade with the EU, Trade and Industry Minister Lee Yock Suan told Parliament yesterday. "There are still considerable uncertainties surrounding
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      • 129 3 THE Housing and Development Board had a waiting list ofllo,ooo applications for new four-room, five-roam and executive flats under Its Registration for Flats System (RFS) as of June 30 this year, said Lim Hng Khiang, the Minister for National Development. Mr Lim revealed that
        129 words
    • 340 3 INVESTIGATIONS into the December 1997 crash of SilkAir Flight MI 185 are unlikely to be completed within the next six months, Communications Minister Mah Bow Tan said yesterday. However, the pace of the probe, led by Indonesia, has not
      340 words
    • 401 3  -  YESTERDAY Df PARLIAMENT But it won't be in dire straits when first water pact with KL expires in 2011 By\ David Boey SINGAPORE remains keen to buy water from Malaysia and is hopeful of reaching agreement with it at some point
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  • Page 2 Advertisements
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      394 words


  • FOCUS: PROPERTY
    • 661 4  -  THE PROPERTY COLUMN The BE billionaire could lose hundreds of millions on his Bayshore project By Lee Han Shih LI Ka-shing, Hongkong's most famous billionaire, stands to lose a few hundred million dollars on a single housing project in Singapore. The project sits on the huge
      661 words
    • 252 4  -  This brings total sold to 60 in the 390-nnit freehold development By\ Diana Oon ONLY 10 more units in Hongkong tycoon Li Ka-shing's Thomson 800 project have been sold since the development went on the open market on July 24, bringing the
      252 words
    • 888 4  -  Figure based on go vt land sales for '93-97 and allows for easing of roles on delays By i Corlnne Kerk DEVELOPERS may be delaying their project completion, but based on government land sales from 1993 to
      888 words
  • Page 4 Advertisements
    • 379 4 Buy It. Sell It. Find It. Classified. f# Call Today For Results Tomorrow. CAT s 'i 20 VICTORIA PARK ROAD Legal Description Lot 141-31 MK2 Land Area 2980.1 sq m A EE? (approx. 32,077 sq ft) 1// v Descr 'P tion A" oW hou sits on this elevated and regular
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    • 141 4 DUXTON SHOPHOUSES WITH A DIFFERENCE 2 meticulously restored conservation shophouses, combining okj world charm with modern functionality over 3/4 storeys. Great investment opportunity with 100% occupancy giving good yield. Land: 2550 sq ft. Built-in: 8770 sq ft. Call Maadallna Sunny at *****02 *****21 CATS. I SHOPS/RESIDENTIAL SPACE AT I 1
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    • 83 4 Prime Freehold Bungalow Sites at Chatsworth Road I FOR SALE BY TENDER I s *Stte Area: 19,045 aq ft Site Area: 13,580 sq ft w BeautifuHy refurbished Rare vacant plot along < conservation bungalow Chatsworth Road Building extension approved Approval granted for a i Good tenancy/vacant 2-storey bungalow with possession
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  • ASIA'S ECONOMIC SLUMP
    • 451 5  -  Talks with IMF for next tranche of USs4som loan start From. Harish Mehta in Bangkok THAILAND'S council of economic ministers yesterday approved six measures to revive the crisis-ridden economy, but the measures have to get International Monetary Fund's blessings. The Thai government yesterday met the
      451 words
    • 270 5 Reuters [JAKARTA] Indonesian President BJ Habibie said in an interview published yesterday his economic policies would concentrate on currency stability, increased competition and the health of small and mid-sized businesses. The Kompas newspaper quoted him as saying the stability of the rupiah against
      Reuters  -  270 words
    • 704 5  -  Some see it falling below 150 nnless there is intervention from Japan or US From, Anthony Rowley in Tokyo WITH its props having apparently been kicked away, the yen plunged yesterday to a seven-week low of 145.70 against the dollar and 81.53 to
      AFP  -  704 words
    • 376 5  -  From Meera Tharmaratnam in Kuala Lumpur POLICY measures announced by Malaysia's National Economic Action Council (NEAC) do not go far enough to allay market fears and if anti-market oriented measures are pursued, the ringgit could fall as far .as RM7 per US
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    • 54 5 Reuters [KUALA LUMPUR] Malaysia will make a one billion Malaysian ringgit (*****.1 million) bond issue at end of August to fund infrastructure development. The issue would be the First in a series that plans to raise RMS billion, Shafie Salleh, parliamentary secretary of the finance
      Reuters  -  54 words
    • 562 5  -  First-quarter fignre originally put at -2%, govt expects Q2 to be miserable From] Loh Hui Yin in Hongkong THE Hongkong economy shrank more in the first quarter than was thought earlier and the government yesterday said the second quarter was
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    • 367 5 Wanting contrasts with minister's pledge that unit will be kept stable AFP [HONGKONG] Even as Chinese Foreign Minister Tang Jiaxuan yesterday pledged Beijing's continued commitment to a stable yuan, a government think-tank has warned that the country will be forced
      AFP  -  367 words
    • 216 5 AFP, Reuters [BEIJING] Premier Zhu Rongji has said strenuous efforts were necessary if China was to achieve its target 8 per cent economic growth this year, the official Xinhua news agency reported yesterday. "Arduous efforts will be required to reach this year's
      AFP,; Reuters  -  216 words
  • Page 5 Advertisements
    • 95 5 Entertainment, lifestyle, F&B venture invites serious investors either via venture capital or private investment we offer "real" returns, first year of 20%, with excellent yield expectations in an "entertainment concept" occupying 13,000 sq ft in probably the most sought after, unique site in J Singapore, opening November 98'. (Other opportunities
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  • THE REGION
    • 480 6  -  Indon military seen anxions to restore credibility, public confidence From Shoeb Kagda in Jakarta ANXIOUS to rebuild its credibility and restore public confidence in its role as protector of the people, the Indonesian Armed Forces yesterday announced the establishment of a panel
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    • 441 6 BEIJING Punish those who attacked ethnic Chinese, it says Reuters CHINA'S official newspaper yesterday called on Indonesia to punish those responsible for racially motivated attacks on ethnic Chinese during riots in the South-east Asian country in May. "Indonesian authorities Should face the
      Reuters  -  441 words
    • 224 6 BEIJING AFP THE first top official of Taiwan's ruling Kuomintang (KMT) to visit China since a civil war 50 years ago began a low-profile unofficial visit here yesterday ahead of attending a three-day seminar. Chang Jung-kung, director of the KMT mainland affairs department, paid
      AFP  -  224 words
    • 392 6 HONGKONG Judge says Chim's claims of a political plot are an'insult' AFP A HONGKONG court yesterday sentenced flamboyant legislator Chim Pui-chung to three years in jaU for conspiracy to forge and said allegations he had been the victim of a
      AFP  -  392 words
    • 288 6 BEIJING Reuters CHINA is planning to set up venture capital funds to provide badly needed financial support for high-technology companies, financial experts said yesterday. The authorities were expected to issue regulations on venture capital financing later this year to pave the way
      Reuters  -  288 words
    • 548 6  -  He also calls for review of water supply pacts expiring in 2011 and 2061 From, Eddie Toh in Kuala Lumpur THE Youth wing of the dominant Malaysian political party United Malays National Organisation has asked for a suspension of fresh dealings
      548 words
    • 156 6 KUALA LUMPUR Bernama TRANSPORT Minister Ling Liong Sik yesterday said Singapore should not be unwilling if Malaysian traders switch an£ make Port Klang helping to build ports in other countries like India and when those ports were ready, the countries would
      Bernama  -  156 words
    • 489 6 JIUJIANG, China AFP CHINA yesterday admitted it had begun blowing up dykes along the Yangtze River to flood the countryside in a bid to prevent major cities from being engulfed by the river. In Xlanning, central Hubei province, "11 small dykes were dynamited
      AFP  -  489 words
    • 146 6 KUALA LUMPUR Bernama TRAIN travellers from Singapore need not worry if their passports are not stamped on entering Malaysia, Deputy Home Minister Ong Ka Ting said. The minister said the travellers' particulars had been recorded into computers by the Malaysian
      Bernama  -  146 words
    • 352 6 MANILA Bow over Spratlys highlights need for military agreement AFP PHILIPPINE President Joseph Estrada said yesterday that an agreement on joint military training with the US could deter a possible attack by China over a dispute over islands in the South China
      AFP  -  352 words
    • 249 7 WELLINGTON Bloomberg NEW Zealand's queue of unemployed probably swelled to its biggest in about four years while the number of jobs shrank as Asia's slowdown crimped demand for exports and a sluggish economy hurt consumer demand. A contraction
      Bloomberg  -  249 words
    • 150 7 r W NEW DELHI AFP INDIA'S Prime Minister Atal Behari Vajpayee pleaded with Parliament yesterday to back a bin designed to fight top-level corruption 30 years after it was first proposed. Mr Vajpayee said the bUI would counter corruption carried out by "public
      AFP  -  150 words
    • 140 7 TOKYO Reuters FRUSTRATED by a credit crunch choking off muchneeded fluids at home, Japanese entrepreneurs are starting to seek money from overseas, said Yoshito Denawa, president of management consultant D Brain Co Ltd. Hopes that Japan's youngest companies could ignite a recovery for the economy
      Reuters  -  140 words
    • 494 7 TOKYO Shortfall figure based on Dai wa research doable previous estimates Reuters [TOKYO] Japanese companies are facing a pension time-bomb rivalling the banking sector's woes in scope, and it may not be easy to deftise. Firms in Japan could be 60 trillion yen
      Reuters  -  494 words
    • 367 7 CANBERRA Opposition leader says immigration vital to prosperity Reuters AUSTRALIA'S opposition Labor Party yesterday made a bold caU for more migrants, setting itself squarely against the conservative government and anti-immigration MP Pauline Hanson. Denouncing Ms Hanson as xenophobic, opposition leader Kim Beazley said
      Reuters  -  367 words
    • 341 7 BEIJING Proliferation doe partly to heavy investment by foreign companies Reuters THE number of mobile phone users in China has exceeded 18 million since the device was introduced in the late 1980s, Xinhua news agency reported. The decade it took for mobile phone
      Reuters; FILE PHOTO  -  341 words

  • Page 7 Advertisements
    • 21 7 •Tung Centre •Parkway Parade •A-Z Building •Paya Lebar Road For details, please contact owner: Tel: 437 6853 437 6872 534 3132
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    • 99 7 r aM i HK B 188-P JBjs&. I WMIkCX-' Centrally located within the CBD and Sifo JpjFflj the exciting entertainment district pu l Next to the pedestrianised Albert Mall w iLI Of! I Near Bugis M| I wMk^^ 4 Purpose-Built Restaurants S^^BMLJMpSHBBBIBHMf From $2.112 m upwards External Concourse Food Kiosks
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  • THE WORLD
    • 474 8 WASHINGTON Data provide farther evidence domestic demand may offset effect of Asian crisis Bloomberg US consumer spending and incomes rose in June, further evidence that domestic demand may offset Asia's economic drag over the coming months. Spending rose 0.6 per cent
      Bloomberg  -  474 words
    • 406 8 LONDON AFP THE twin strains of high interest rates and low productivity are blighting British business, with widespread job losses and gloomy forecasts piling pressure on the Bank of England before it meets on monetary conditions on Thursday. Union leaders and employers united
      AFP  -  406 words
    • Article, Illustration
      51 8 [AUGUSTOW, Poland] A girl dressed as a knight standing on a dragon boat floating on a lake in this eastern Polish city on Sunday. Every year people from all over Poland come to take part in a "floating "contest. The dragon boat is one of this year's favourites.
      REUTERS  -  51 words
    • 400 8 MOSCOW Country boosting tax revenue, trimming budget deficit Bloomberg RUSSIA is boosting tax revenue and narrowing the budget deficit in line with its U5522.6 billion (5539.2 billion) loan agreement with the International Monetary Fund, said IMF first deputy managing director Stanley Fischer yesterday. Mr
      Bloomberg  -  400 words
    • 218 8 MOSCOW Bloomberg RUSSIA "is coming close" to deciding terms of the sale of 5.87 per cent of OAO Gazprom, the world's largest natural gas company, First Deputy State Property Minister Alexander Braverman said. Under an order from President Boris Yeltsin, the government must
      Bloomberg  -  218 words
    • 276 8 BRUSSELS Bloomberg EUROPEAN Union countries invested 46 per cent more overseas in 1997 than the previous year, the EU statistics office said, a sign companies are eager to shift production closer to local markets. The increase, which includes investment both inside and outside
      Bloomberg  -  276 words
    • 462 8 LONDON Better technology, lower costs, global outlook sought Reuters BRIAN Williamson, who took over as chairman of the beleaguered London International Financial Futures and Options Exchange yesterday, has said his top priority is to ask customers what Liffe should do to survive. Better
      Reuters  -  462 words
    • 180 8 WASHINGTON Bloomberg JAPAN re-established itself in May as the largest holder of US Treasury securities, US government statistics showed. Japan-based investors held U*****.9 billion (*****.5 billion) worth of the US bills, notes and bonds in May, up from U*****.2 billion in the
      Bloomberg  -  180 words
    • 224 8 TOKYO AFP ASATSU Inc, Japan's No 3 advertising agency, said yesterday it had agreed with Britain's WPP Group on a capital and business tie-up. "In the course of industrial globalisation, Japanese companies cannot cope by themselves," Asatsu chairman Masao Inagaki
      AFP  -  224 words
    • 229 8 LONDON Reuters FAKE copies of the impotence drug Viagra are being manufactured in Thailand and India and sold around the world via the Internet, according to a British television report yesterday. Criminals are set to make millions of pounds selling the pills, which
      Reuters  -  229 words
  • Page 8 Advertisements
    • 170 8 We provide a wide range of corporate secretarial and translation services on a cost and time efficient basis. We are able to provide accurate and timely translation of legal and commercial documents from Chinese to English and vice versa. Our translators are legally/professionally trained and will be able to translate
      170 words

  • EDITORIAL & OPINION
    • 773 9  -  188 Borromara OPINION By Ronnie Lim The writer is BT's trade and industry editor IT is remarkable cynics may even call it hypocritical that amidst all the angry rhetoric among various Asean member countries, no less than four Asean meetings were held in
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    • 90 9 Triton wore too much make-up, investors drank too much on the honeymoon, and now they've woken up next to an ugly duckling.' -FadelGheit an analyst, on a suit against Triton Energy Ltd brought by shareholders who accused the oil exploration company of artificially inflating its stock before
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    • 605 9 More power-sharing in Cambodia EDITORIAL ALTHOUGH international observers seem generally agreed that the Cambodian election was fairly conducted, new worries have surfaced over the country's political and economic future. Hun Sen and his ruling Cambodian People's Party may have the most seats in the new 122-seat parliament but cannot govern
      605 words
    • 949 9  -  The deeper disease behind Japan's economic woes is its declining birthrate By, Ayako Doi, Kim Willenson The writers are editor and publisher of the Japan Digest. LATWP AS the wheels of the Japanese economy have spun themselves ever deeper into the sand, there has been an
      LATWP; FILE PHOTO  -  949 words
    • 324 9  -  MAILBOX email: btletter@asial.com.sg Ronald Chong PLEASE refer to the letter, "Allow CPF funds to be used for renovations", by David Ong (BT, July 28). The writer asked the Board to consider allowing CPF savings to be used for renovation loans, especially in the light
      324 words
    • 599 9 EUacttreaMofaidcracUl INDONESIA'S latest rescue package is a huge gamble even if donors come up with all of the US$7.9 billion (5513.6 billion) promised at last week's conference in Paris. The money will largely go to financing a safety net that can help ensure social stability in
      599 words
  • Page 9 Miscellaneous

  • Page 10 Advertisements
    • 505 10 ine i iim. j x i **22. I > eiir wlllif* j v J S V*# it lA®? i V HereWimiou "A'S my job to make sure Hitachi colour display tubes are of the highest quality." Thi s is where dad works. Sure, daddy is fussy about standards, but it's
      505 words

  • Page 11 Advertisements
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    • 86 11 Hongkong j|L FOOD PROMOTION featuring Authentic "X! Hong Kong 3T cuisine from 22 July-10 August 1998 Reservations: 831 6262/66 MNMR op dh^i ManAzHnUXSinaapofr CHINESE RESTAURANT 333 Orchard Road. Singapore *****7. Tel: 737 4411 Lunch 12 pm-2:3opm Dinner 6pm -10:30pm Stamp your "passport" each time you have a buffet meal at
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  • Page 11 Miscellaneous
    • 682 11 TVvRADIO y f Weapon 4. Prime 12 iiwiuwe L 4 5.00 News 5 Today Followed 0.00 AM CDIS. 130 PM TV Innovations. By Wheel Of Fortune. 10.00 Close. —k 4.00 Kidz Blitz: Walter Mel- 530 Pictionary. LOO PM TV Innovations. IHU on. 6.00 News 5 Today Followed 3.00 CDIS. J
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    • 142 11 CBTPTIC CROSSWORD 27 Weather 28 Involved in happy oriental A festival (8) 14 Take off though also YESTERDAY'S SOLUTION used for landing (5) i Mpl DOWN 16 Stayed, but is escorted out (8) UolfiloyolMEUEtf^EH 2No doubt it was used in by- these orders refer to gone days (8) anthem? (8)
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  • EXECUTIVE LIFESTYLE
    • 738 12  -  A novel method uses equations to produce electronic picture elements to replace damaged areas of film. The result: ageing screen classics end up good as new at a fraction of the cost of traditional chemical restoration, mxgk Edwards reports NICK EDWARDS Reuters Researchers in high-tech Singapore
      Reuters; FILE PHOTO  -  738 words
    • 686 12  -  GOLF Bint&n's Banyan Tree course may be merciless bat it does reward yon with thrilling scenery By: Nicklaus D'Cruz [SINGAPORE] When you have a host of golf courses to choose from, what makes you settle for the Banyan Tree golf course in Bintan is its incredibly satisfying
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    • Article, Illustration
      80 12 Prices of dub membership SINGAPORE REGION 1996 CSS) 1996 (SS) A#C JULY JUNE JULY SICC 127,000 120,000 Legend 12,000 13^)00 TMCC 120,000 107,000 Tanjung Puteri 13,000 12£00 Sentosa 95,000 85,000 Poresia 13,000 11,000 Laguna 92.000 85,000 Palm Resort 12.500 11,000 Jurong 64.000 Ponderosa 12.000 11,000 Orchid 60,000
      80 words
    • 367 12  -  By Ven Sreenivasan [SINGAPORE] The advertised prices of leading golf club memberships hit record lows last month as demand fell sharply amid rising fears about job security amongst professionals. The Singapore Island Country Club, considered by many to be Singapore's premier
      367 words
  • Page 12 Advertisements
    • 185 12 THE ALL-NEW BUSINESS EXECUTIVE COACH Airport shuttle service in Shuttling between Chek Lap Kok international Airport to all major hotel* In Hong Kong Travel In the comfort of 19-teater air-conditioned deluxe coach with wide and epacioue seat* Meet A Great at the airport counter (Arrival Hall) y 2 hourly round
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    • 13 12 Sunday Classified j Ifycb at Clarke Quay \cSm\ Evwy Sunday, 9«m spm j
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  • Page 12 Miscellaneous
    • 196 12 THE WEATHER Singapore Showers with thunder in evening over North East Temperature (24/30 C) ho/Bf Cum*. Jenmlan IV3I dm Stockton 13/19 showers Aurkland 8/14 *«r Mem «/42 etondy Vienna 1414 etondy Bangkok &34 shown Zanck IH3 douth Bqpg- 22/31 kg Bonp* U/HP Oai Bombay t&St showers Amsterdam 1119 rioudy Iwta
      196 words

  • COMPANIES & MARKETS
    • 463 13  -  $33Jn net includes Sembaw&ng Shipyard's results By y Conrad Raj [SINGAPORE] THE shiprepair industry appears to be one bright spark amidst the gloom and doom pervading the region, with Jurong Shipyard announcing a 74 per cent jump in interim net profits. JSL,
      463 words
    • 316 13 Banks seen having lower-than-expected regional exposure [SINGAPORE] The foreign shares of the big four local banks rose, buoyed by better-than-expected first-half results and reduced loans exposure at United Overseas Bank Ltd, which reported its set of earnings after the
      316 words
    • 222 13 [SINGAPORE] Econ International chairman Andry Pribadi and two directors, representing the controlling shareholder of the company, have resigned. The mainboard-listed construction and property group yesterday said that the chairman, Wilson Pribadi and Deddy Kusuma, had "ceased to be directors of the company with effect from
      222 words
    • 730 13  -  HOCK LOCK SIEW Teh Hooi Ling Through no fault of its own, Singapore Telecommunications found itself dealt two blows in the past three weeks or so. If it does not do something, and quickly, its long-term competitive position could
      730 words
    • 163 13 [SINGAPORE] Parkway Holdings' healthcare arm, Gleneagles International GP Pte Ltd, has joined hands with two Japanese healthcare specialists to serve Japanese patients in Singapore and around the region. Gleneagles has signed a joint-venture agreement with Akira Wu and Nippon Meden Pte Ltd to
      163 words
    • 403 13  -  By, Annette Pau [SINGAPORE] Mainboardlisted Magnecomp International yesterday posted net profit of $15.7 million for the six months to June, more than double the $6.9 million in the same period a year ago and exceeding analysts' expectations. Analysts polled in the August
      403 words
    • 225 13  -  By Ven Sreenivasan [SINGAPORE] Start-up losses by a subsidiary and higher taxes caused boat builder and charter vessel operator Penguin Boat International's interim earnings to sink 6.2 per cent to $3.4 million, from $3.7 million last year. This was despite a 21 per cent surge
      225 words
    • REGIONAL COMPANIES
      • 356 14 < Company also plans to borrow BM3Bm from bondholders [KUALA LUMPUR] Aokam Perdana Bhd unveiled a plan to convert bonds worth US$l27 million (*****.1 million) into stock and borrow 38 million Malaysian ringgit (5515.8 million) from bondholders in a bid to resuscitate
        356 words
      • 72 14 [KUALA LUMPUR] Construction of a mammoth railway project was stopped on Sunday in Kuala Lumpur. Bouygues SA, Europe's largest construction company, told Bloomberg News last week it stopped work on the city's central railroad station because Kuala Lumpur Sentral Sdn Bhd had not paid it for two to
        AFP  -  72 words
      • 115 14 AFP [HONGKONG] Hongkongbased publishing firm Ming Pao Enterprise Ltd said yesterday it suffered a net loss of HK5166.93 million (5537.3 million) in the year to March. The group had posted a profit of HK57.35 billion in the same period earlier. The firm, which publishes
        AFP  -  115 words
      • 331 14 Company to offload 2 shopping centres, hotel to cnt debt Reuters [KUALA LUMPUR] Shares of Malaysian property firm Taiping Consolidated Bhd slumped sharply yesterday after it announced it will sell two popular shopping centres and a top hotel to reduce
        Reuters  -  331 words
      • 459 14  -  LETTERS TO THE EDITOR Asgari Stephens I REFER to your series of articles dated July 24 and July 25, referring to the Malaysian government's National Economic Recovery Plans (NERP) and its comments on Clob (Singapore's over-the-counter market). Firstly, let it be clear that in
        459 words
      • 244 14  -  Lim Wen-Jen Singapore THE recent Mid-Continent Equipment case is a perfect example of what goes around will eventually come around. Amid the regional turmoil, as stock prices tend to trend downwards, shortsellers have done their part in further depressing the market. Basically, they sell shares that they
        244 words
      • 202 14 Bloomberg [MELBOURNE] Village Roadshow Ltd, an Australian cinema company, said yesterday it launched a fresh bid for Golden Harvest Entertainment (Holdings) Ltd and joined forces with its major shareholder to control the Hongkong film distributor. The company said it made the 60
        Bloomberg  -  202 words
      • 174 14 Bloomberg [HONGKONG] Distacom HK Ltd, in which the Singapore government has an interest, will triple its holding in Sunday, one of the fastest-grow-ing mobile phone services in Hongkong. Sunday officials said Lai Sun Development Co and three other companies will halve their
        Bloomberg  -  174 words
      • 246 14 Bloomberg [HONGKONG] Theme International Holdings Ltd, which only a year ago was jockeying to become the Ann Taylor of Asian retailing, said it will shut almost two-thirds of its outlets in Hongkong and Macau in a bid to cut costs.
        Bloomberg  -  246 words
      • COMPANY Briefs
        • 69 14 [SINGAPORE] Singapore Telecom's first commercial satellite will be launched on Aug 25. The US$24O million (*****.9 million) satellite called ST-1 is owned by Sing Tel and Taiwan's Chunghwa Telecom. ST-1 will have 14 C-band transponders and 16 Ku-band transponders to be shared equally between
          69 words
        • 65 14 [SINGAPORE] Eastern Publishing has reported a 6.5 per cent decline in net profit to 9890,000 on a turnover which fell 11 per cent to $6.6 million for the year to June. Earnings per share fell to 1.27 cents from 1.36 cents, while net tangible
          65 words
        • 40 14 [SINGAPORE] Li Xin Industries yesterday said there was no unannounced material information or development about the company's business or affairs which would account for an unusual surge in its share price recently.
          40 words
        • 59 14 [SINGAPORE] Transport operator Tibe Holdings has subscribed for nine million $1 shares at par in subsidiary Tibs Taxis, raising the tatter's paid-up capital to $10 million. The company said the increase was to provide Tibs Taxis with additional working capital. The unit started in
          59 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 659 15  -  Analysts stunned by USs9oomjnmpin charges for bad debts to US$l Jsb From Quak Hiang Whai in Hongkong AFTER leading a mini-run on the Hongkong bourse recently, HSBC Holdings, Britain's largest bank, yesterday unveiled worse-than-expected interim results, with net profits slipping 16 per
        659 words
      • 353 15  -  Overexposure to falling property market cited By\ Siow Li Sen [SINGAPORE] Santander Investment has put out a bearish call on Hongkong-listed banks, saying investors ought to "short Hongkong banks" because they were overexposed to the soft property market there. The broking
        353 words
      • 349 15 Reuters BRITISH media group Pearson pic, posting higher than expected profits, yesterday renewed its pledge to deliver double-digit annual earnings growth and said it was eyeing a possible US stock market Hsting. Pearson said its pretax pre-exceptional profits surged to £85.6 million (*****.8
        Reuters  -  349 words
      • 457 15 17% drop less drastic than 20-30% cats by Japanese rivals Bloomberg [TOKYO] NEC Corp, Japan's largest maker of microchips, said it is cutting capital spending on microchip production in the year through March 1999 to stem losses on its unprofitable computer memory
        Bloomberg  -  457 words
    • FINANCE & COMMODITIES
      • 424 16 over37ojobstobe axed in New York, London and HK; S'pore will be Asia HQ: president FT [TOKYO] Daiwa Securities, Japan's second biggest broker, has launched a sweeping rationalisation of its foreign operations. The move follows last week's decision to create three joint ventures with Sumitomo
        FT  -  424 words
      • 422 16 Move by Hana, Boram will create Bth largest Korean bank with USs36b assets Bloomberg [SEOUL] Hana Bank and Boram Bank are expected to announce a merger this week, creating South Korea's eighth largest bank with US$36 billion (Ss62 billion) of assets, bank
        Bloomberg  -  422 words
      • 157 16 Reuters [TOKYO] Major commercial bank Industrial Bank of Japan Ltd began setting up a global currency options team yesterday to enhance its risk management operations and its profit base, senior bank officials said. The team to eventually comprise 10 members will make IBJ
        Reuters  -  157 words
      • 229 16 Bloomberg {SYDNEY] Winterthur Swiss Insurance Co, Switzerland's second-largest insurance company, sold its stake in Australian-based HIH Winterthur International Holdings Ltd for a less than expected A 5436.5 million (***** million). Credit Suisse Group had been keen to sell Winterthur Swiss* stake in HIH
        Bloomberg  -  229 words
      • Article, Illustration
        728 16 IMTBK1AMK CROSS KATBS v jui 1 1 Aug3 HSf u»i M jg osw i»o uE uS °J£ £2 j5 *E wilWin M«a.mMX ra a!£ aa wans as a e iiffiiss^^^alliiliiillli nn*» nnit »Si «'«U XTi. 2U* t< 0.029 0235 0.079 0JJ37 0.7* 0.033 0.H7 0.028 OWB 0.772 (LOB flJM sssr
        728 words
      • 364 16 If prices stay low in Sept, it may agree to trim more output ahead of Nov meeting Reuters [KUWAIT] Opec heavyweight Saudi Arabia may back a third round of oil cuts even ahead of Opec's November meeting if world oil prices are
        Reuters  -  364 words
      • 222 16 KEMELReport Reuters ISINGAPORE) Simex Euroyen and Japanese government bond futures (JGBs) were off their highs in sluggish trade yesterday as the sagging yen discouraged investers from taking big positions, "The JGBs were quite mixed this morning. It opened with a strong net bid, trading up
        Reuters  -  222 words
      • 164 16  -  MSCI TAIWAN FUTURES Cecilia Loh THE Simex MSCI Taiwan Stock Index futures fell for a seventh day, erasing early gains as the lowering of reserve ratio of 2 to 5 per cent was not substantial in giving the futures market a boost. Lite-on
        164 words
      • 241 16 ENERGY REPORT Bloomberg, Reuters [NEW YORK] Crude oil fell more than 3 per cent amid scepticism that output cuts by members of the Organisation of Petroleum Exporting Countries will reduce a worldwide oversupply. A survey by Bloomberg News last week showed that Opec members,
        Bloomberg,; Reuters  -  241 words
      • 287 16 AFP AFX-Asia, THE dollar was up sharply on the day, but eased a touch through the afternoon as a handful of profit-takers capped its rise. Dealers said a rapidly growing feeling of disenchantment over the new Japanese administration's resolve to reform the nation's ailing economy is driving the
        AFP; AFX-Asia,  -  287 words
    • 1503 17 SIOOMPUTUKBg Aug3 deiwg «t $J<Ifi) ■SSI CONTRACTU catts/ty CIom Vofemo Op«n High Low Sott (towm) tirtorwt sop 98 W.ts 1 490 Oct 96 118.25 1450 Wo* 98 1W.50 1450 Doe 96 119.25 1450 Jon/Nor 99 ***** 2025 Apr/Jin 99 126.00 1950 M/S+99 130.50 RSS 3 CONTRACT (UScanbAf) Votamo
      1,503 words
    • 1626 17 Bloomberg PnadMi22S -axw JAPANESE stocks fell for the first time in five days as losses by the yen against the dollar dragged down share prices across Asia, sharpening concerns Japan's economic ills are spreading to the rest of the region. Banks paced decliners as investors doubted new Prime Minister
      Bloomberg  -  1,626 words
    • 2040 17 KflMMM Mntrfate fma »I Croup 573.000 unch AB Ports 340.000 -1.000 «*•> National maooo 4.000 AMod Domocq 556.000 -2.000 Am* 165.000 unch Croup *99.400 1.600 JATtnd 678.000 2.000 »C Pie *****0 1.000 WCC 125.000 0.600 80C Group 788.400 6.400 BRPttroteun 810.000 -3.000 156.000 2.000 tank of Scotland
      2,040 words
    • Article, Illustration
      1382 18 AFP Q Hang Seng -***** SHARE prices slumped 4.8 per cent in volatile trade yesterday due to concerns over the territory's economy as well as the weakening Japanese yen, dealers said. "It is due to a combination of internal and external factors," said Alex Tang, research head at Pacific-Core
      AFP  -  1,382 words
    • Article, Illustration
      629 18 Reuters QShflozheoß Index -(L 56 SHENZHEN'S hard currency B Share Index closed lower yesterday, under pressure from sharp losses in the neighbouring Hongkong stock market and renewed weakness in the Japanese yen, analysts said. The B Share Index slipped 0.55 point to 62.76, on turnover of HKIIO million. "The
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  629 words
    • 333 18 AFP QwPMex -33M SHARE prices closed lower yesterday amid concerns over the yen's weakness and losses in Hongkong. The Weighted Price Index dropped 23.64 points to 7,599.04, following a 0.4 per cent decline in the previous session. "The market reflected negative leads overseas the Japanese yen slipped near 145
      AFP  -  333 words
    • 251 18 AFP Q Wellington -1&27 SHARE prices fell yesterday as investors fretted over regional market weakness following a sharp drop on Wall Street at the weekend. The NZSE-40 Capital Index dipped 18.27 points to 2,104.04 points. Total market turnover value was NZ5102.77 million. m v- r—> AN2 Banking 12.75 0.15
      AFP  -  251 words
    • Article, Illustration
      703 18 AFP PSETMn -5*83 THAI shares tumbled yesterday as investors fled bank and finance issues amid rumours over more drastic capital writedowns, analysts said. Losses were extended in the afternoon despite the announcement of a 25-point stimulus package aimed at kick-starting the. economy through public spending. Analysts said the package
      AFP  -  703 words
    • 405 18 AFP PCtmpogfo Index -&02 SOUTH Korean share prices yesterday closed lower on news that the Japanese yen had breached the 145 level against the US dollar. "A weaker yen and the Hongkong market's steep fall weakened sentiment in the afternoon," a dealer at LG Securities said. He said futures-linked
      AFP  -  405 words
    • 580 18 AFP QAH Ordinaries -30^ AUSTRALIAN share prices closed down yesterday after being pushed sharply lower by a slump in Asian markets, brokers said. The All Ordinaries Index shed 30.8 points to close at 2,673.8. The All Industrials Index fell 54.8 points to 4,723.0, while the All Resources lost 11.3
      AFP  -  580 words
    • Article, Illustration
      643 18 AFP DftppogtoMc -441 INDONESIAN share prices yesterday closed 1.3 per cent lower on negative sentiment over regional weakness and profit-taking from the previous week's gains, dealers said. "The weakness was due to falls in regional markets," a dealer with a local brokerage said. The Composite Index was 6.46 points
      AFP  -  643 words
    • 284 18 AFP □Mufl* -KS4 SHARE prices lower yesterday on concerns over the skidding Japanese yen and fears of rising domestic inflation. The Philippine Stock Exchange Index lost 64.54 points to 1,543.07. Joey Roxas of Eagle Equities Inc warned that prices had yet to bottom out. Volume fell to 295.84 million
      AFP  -  284 words
    • KUALA LUMPUR STOCK MARKET
      • 374 19 AFP kJ Composite Index -HL3B MALAYSIAN share prices ended lower yesterday, dragged down by lower regional markets as well as concerns over the easing of domestic monetary policy, dealers said. The Composite Index plunged below the 400-point psychological barrier to end at 386.27 points,
        AFP  -  374 words
      • 8325 19 199a w oey Net cw H>» Low Cinny tie -000 High Low Pit. jm» 310 180 A)inomoto 195 5 1 195 195 10.8 79.0 148 40.5 Angkasa 43 unci) 33 43 42.5 1.0 63.4 290 123 Apollo rood M«J 136 -2 14 136 136 4.7 54.4 388 177 Ber(ay« Lend
        8,325 words
    • WARRANTS & OPTIONS
      • 176 20  -  WARRANT WATCH -By] R Sivanithy BUYING low-priced warrants which have plenty of time left is actuaUy quite a defensible strategy in these troubled times, because although it may be hard to envision now, the market wiU recover eventually. This is actually the time
        176 words
      • 2979 20 BONDS. LOANS WAMANTS wt tW« Last Vol Day Last Ouot# Avg High Low Stno Company SM *mr- COOO) High Low Buy»<- SoHor Prtca 23.5 9 m 3000 mAUDHr'i a s 9 T2.5 20.5 4.5 3160 *Acar ******1USS 4.5 3.5 S 95 8 3164 Acma ******4 8 unch 9 8 8
        2,979 words
      • 1452 20 Stno Coram EH J£L» P** Laat 0»a«a M Oh n M MCw >tn cnmM rOOO) MH> Lwr Buyar W« CV P/Z %cr* 135 28 m»5000 AIS8 50c 37 uncfi 25 37 35.5 35 37 5.0 13 tc A 5 5 IlSSffg** g- 5 234 ,23 £5 O £9
        1,452 words
    • 6411 21 Cr Or M Wt IW Last V* D»V Laat Ouota Wv W* VM Met Cap A»9 HI0> Law »M» Sale fOOO) Hlg» L— fciT* «e8er Cw P/t *rn* INDUSTRIALS 43 12.5 >020 ACE Dyn*mks20c... 17.5 -0.5 54 19 17.5 17.5 18 0.1 16.5 0.1
      6,411 words
    • 1195 21 Cr Cr M Wt LmI V«j Day L*t Owtt Dhr Dtv YM Mat Cap Avg i— »*"> Cin»r in COOP) wm> l— »—«r Cw P/I phc? 134 SO 2000 A8R Hldqs 5c 79 .79.... 38 5 79 243 61 a 2049 AS Auto 10c 62 -4 US 64 5
      1,195 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        73 22  -  -by Shiv Taneja REKAPACIFIC BHD closed half a cent lower yesterday at 7.5 cents on a volume of 2.08 million shares, compared with its 10-day traded average of 1.3 million units. The counter is heavily oversold, according to its daily aid weekly RSI charts. However, it is unlikely
        73 words
      • 215 22 Stocks Jo*m TAC Bt10 200 6.373,000 UXtoKk 5,486,000 Single) 15c 4.150,000 *M Resources 3,645,000 UK 2,956.000 KatSteel 50c 2,894,000 *TanCtongintl50 2,616,000 Frt Links 20c 2,470,000 T« Sin 10c 2,441,000 Keppet Land50c 2,358,000 StodB DBS Foreign 15,520,865 SJA Foreign 13,357,634 SingTel 15c 10,748,705 (JOB Foreign 10,733,882 SPH 10,281,068 OCBC Foreign 7,043,648
        215 words
      • 717 22  -  STOCK MARKET COMMENTARY Not helping is news of more EL corporate woes; STH ends np, however, on late propping np By R Sivanithy [SINGAPORE] A slide in the Japanese yen to 145.67, a steep drop in Hongkong equities because of
        Chart info from Bridge  -  717 words
      • OH THE GRAPEVINE
        • 155 22 SOME experts are saying that if a company is only now starting to face up to the infamous Millennium Bug or Year 2000 (Y2K) problem, it may already be too late. In Singapore, major government bodies and large corporations are reportedly well advanced in their Y2K preparations.
          155 words
        • 99 22 WE know that the hospitality trade's job is to make its clientele feel good, and perhaps never more so than in the current tough spell for the tourist industry. It may even have come to the point where competitors start to turn on each other, even
          99 words
        • 58 22 HERE'S another hotelier telling it like it is. Most of us try to make our jobs sound more exciting than they really are, but this is how the marketing manager of a hotel here described his vocation to one of our reporters: "My job is just to
          58 words
        • 79 22 PIZZA Hut is getting its customers into the swing of National Day. In an advertising pamphlet entitled One People, One Nation, One Pizza, the restaurant announces two budget packages—Merdeka Meal and Majullah Meal—deliverable to the doorsteps of customers. The first serves three and costs $23.95, while the
          79 words
        • 197 22 AN irate treasury boss here in Singapore complained last Friday that in order to make it Y2K compliant, he's just been presented with a $30,000 quotation by the company that installed his phone system. Silly really, when you consider that his bank paid about $80,000 for it
          197 words
  • Page 13 Advertisements
    • 81 13 We've been building machines like this for over 50 years. The ones that fly. To undet stand the rr earing of the .vcvds No forces ontsiCi yon' control'. Mmp > s Dh< fund the wheel the new SAAB 9 5 V\ >«<-' bO years of expert ,i,i <■: ry f»;
      81 words

  • Page 14 Advertisements
    • 74 14 in sokl gold. Water-resistant to 150 m (about 500 ft). Sctew-lockeci crown and case back. Folding bracelet clasp with double safety catch. Overseas. The world is yours. VACHERON CONSTANTIN The worlds's oldest watch manufacturer Geneva, since 1755 Authorised Retailers Cortina Watch Tel: 339 9185 Roy Eastern Watch Tel: 734 1935
      74 words

  • Page 15 Advertisements
    • 281 15 Is technology helping you Sink ■I^l it m sY WKt v or swim? In troubled economic waters, technology decides how well you survive. When survival is crucial, you need to identify the substance behind the promise. But you probably have been seduced by promises more than once. You won't spend
      281 words

  • Page 16 Advertisements
    • 311 16 IN THE MATTER OF THE COMPANIES ACT, CAP. St AND IN THE MATTER OF GREATER ASIAN DEVELOPMENT CORPORATION PTE LTD At tn Extraordinary General Meeting of Um memben of GREATER ASIAN DEVELOPMENT CORPORATION PTE LTD, duly convened and Md at 9 Battery RoM 104-01 Strtts Truing MM* Singapore *****0 on
      311 words
    • 23 16 /jHpi j| mJ f rIP P I'm an electrician. The Straits Times Classified brightens my business. CATS. 1800-737-1166 Call Today For Results Tomorrow.
      23 words
    • 8 16 $ro£ertie&/ HThe Straits Times Classified Classifications 402-568 1
      8 words


  • Page 18 Advertisements
    • 6 18 TO ADVERTISE CALL TOLL-FREE 1800-741 1883
      6 words
    • 289 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ARGAD (S) PRIVATE LIMITED (In Members' Voluntary Liquidation) EXTRAORDINARY GENERAL MEETING of Members of ARGAD (S) PRIVATE LIMITED duly convened and held at Blk 5* Si. Patrick Road. #02-08, Singapore *****1 on die 3rd day of
      289 words
    • 285 18 IN THE MATTER OF THE COMPANIES ACT, CAP. M AND IN THE MATTER OF WONG'S COURT PTE LTD (la Mcabcn' Voluntary Uqutdartoo) A»«EXTRAORDINARYGfiNERALMEETINGofMembersofWONGSCOURTPTE ITD duly convened and held at No. 15 Hoe Chant Road. *14-01 A Earo-Aiu Centre. Singapore 0H9316 on die 3rd day of August. 1998, (he following Special
      285 words
    • 47 18 [i; Q«j'LP.I)iIiE RI I With a readership base of 12 million, no other I IT publication comes dose. For enquiries or ad I bookings, call: I Daisy Chia Tel. 740 2215 I Pgr. 9593 8678 I Choo Ging Yang Tel. 740 1641 I Pgr. 9306 8517 I
      47 words



  • Page 21 Advertisements
    • 11 21 BUSINES S \oiiccs I TURN TO NEXT page FOR MORE NOTICES
      11 words
    • 107 21 NOTICE IS HEREBY GIVEN that, I Yang Ming Jiann of Blk lOC Braddell Hill #16-09 Singapore *****2, have applied for a Beer House First Class Licence in respect of M/s Taiwan Food Court located at No. 593 Geylang Road Singapore *****2, and that this application will be considered by the
      107 words
    • 112 21 NOTICE IS HEREBY GIVEN that, I Quek Siew Khoon Paul of Blk 899 C Woodlands Dr. 50 #09-298 Singapore *****9, have applied for a Retail Beer Shop Licence in respect of M/s Aik Quan Minimart located at Blk 515 A Woodlands Dr 14 #01-183 Singapore *****5, and that this application
      112 words
    • 112 21 NOTICE IS HEREBY GIVEN that, I Quek Siew Siang Francis of Blk 677 Woodlands Ave 6 #09-738 Singapore *****7, have applied for a Retail Beer Shop Licence in respect of M/s Aik Quan Minimart located at Blk 6738 Choa Chu Kang Crescent #01-02 Singapore *****3, and that this application will
      112 words

  • Page 22 Advertisements
    • 428 22 [SINESS A <>ttCCS loadvvrlisc toll-lriT ISOO-741 IS,S3 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF EMBROIDERY HOUSE PTE LTD (In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the
      428 words
    • 151 22 MIRO MARINE PTE LTD (In Members' Voluntary liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap 50, that the Final Meeting ol the abovenamed Company wil be held at 27 Cantonment Road, Singapore *****5 on 4* day of September 1998 at 10.30 a.m. for the
      151 words
    • 379 22 NOTICE IS HEREBY GIVEN that, I Leong Peck Chee of Blk 126 Tampines St 11 #04-464, Singapore *****6, have applied for a Public House Ist Class Licence in respect of M/s Restaurant Aikyakn located at 695 East Coast Rd Singapore *****9, and that this application will be considered by the
      379 words
    • 272 22 M THE MATTE* OF THE COMMNKS ACT CAP. 60 AND M THE MATTER Of SUfKA QREEN INTERNATIONAL PTE LTD (In Members' Voluntary liquidation I At »n extraordinary general meeting of Supra Green International fte Ltd duly convened and held at 1 Sophia Road aOV22 Peece Centra S'ig«po'e *****9 on 3
      272 words
    • 539 22 •3 TmgUn MaH, «vry third Saturday of tht month, spm 1 lpm |cata| f NOTICE IS HEREBY GIVEN that, I Tan Yew How of 27 Lucky Heights Singapore *****1, have applied for a Beer House Ist Class Licence in respect of M/s Ah Meng Cafe Beer Garden located at 180
      539 words
    • 300 22 NOTICE IS HEREBY GIVEN that, I Teo Lai Kck of 116 Yunnan Crescent Singapore *****6, have applied for a Retail Liquor Shop Licence in respect of M/s West Village Food and Drink located at Blk 960 Jurong West St 92 #01-188, Singapore *****0, and that this application will be considered
      300 words

  • SHIPPING TIMES
    • 319 23 Bridge News, Reuters THE week ended with a small flurry of grain cargoes being fixed, but trading generally remains lacklustre. TANKER& The week ended with new cargoes in short supply. There was a little activity still in the Caribbean market, more for the Panamaxes than the Aframaxes. Aframax
      Bridge News,; Reuters  -  319 words
    • 282 23 wmm •m *1» *h w CWT MMM 0.355 +0.02 35~ ChuanHup o.3«5 -0.02 115 Cosco Investment 0.495 FrMWUnks 0.175 unch 2470 68 Holdings Oil *0.005 15 Hal Sun hup 0.425 -0.005 151 HltacMZosen Oil unch 53 IMC Holdings HK 5.60 Jaya Holdings 0.40 unci) 5 Jurong Shipyard 7.60
      282 words
    • 472 23  -  Attempt to force exporters to use M'si&n ports will only backfire By Marcus Hand [SINGAPORE] The Singapore National Shippers Council (SNSC) has called on the Malaysian authorities not to discourage Singapore companies from setting up factories and investing in the country by forcing
      472 words
    • 63 23 [RAUMA, Finland] Diving group C-Star salvages the wreck of Schooner Jonkoping (right) from the bottom of the Baltic Sea near Rauma, on the south-western Finnish coast. The Schooner was torpedoed by a German U-boat in 1916. The diving group has also recovered several bottles of
      REUTERS  -  63 words
    • 479 23  -  By Felix Chan [SINGAPORE] Despite a strong surge of newbuilding contracts received by Korean yards in the second quarter following a relatively dry spell, Korean analysts are forecasting a 30 per cent drop in orders by weight logged by
      479 words
    • 206 23 Reuters [COLOMBO] Sri Lanka's Colombo port needs to consider liberalising its ship refuelling business if it is to maintain its status as an international hub, a top shipping official said yesterday. "In an international port, bunkering is a prime factor, but we
      Reuters  -  206 words
    • 408 23 [SINGAPORE] Port Klang will be able to handle any increases in cargo traffic as its three terminal operators are currently operating at 50 per cent of capacity. According to Kelang Port Management (KPM) managing director Abdul Halim Harun, the combined annual capacity
      FILE PHOTO  -  408 words
    • PORT Shots
      • 87 23 Reuters [HOUSTON] Shipping traffic was slowed on the Houston Ship Channel on Sunday when a 230-foot cargo vessel sank while it was being loaded. A Coast Guard spokesman said a slow bell, or a warning to cut speed, was in effect in the area of
        Reuters  -  87 words
      • 77 23 Bridge News [NAIROBI! A Pan-African ports association will be established by the end of next year and will serve as the official mouthpiece of the continent's ports, according to a report of the first meeting of a committee charged with creating the association
        Bridge News  -  77 words
      • 74 23 [NEW DELHI] The Indian government has banned the operation of foreign vessels on coastal routes with immediate effect. Hie decision is in line with the national agenda of the BJP-led coalition government to reserve coastal shipping at the country's major ports for domestic companies. However,
        Source: BRIDGE  -  74 words
    • 1115 24  -  MALAYSIAN SHIPPING KL may even force shippers to use home ports to win back some of the external trade currently transitting S pore By i G Durairaj Lloyd's List [KUALA LUMPUR] MALAYSIA'S policy planners remain unclear how they can divert national cargo from being transhipped at
      Lloyd's List; FILE PHOTO  -  1,115 words
    • 357 24 PAOI Evergreen 6 ANL 3 Express TL M ft Accord S Farwide 14 Ahrenkiel 14 FoongSun 8 Appenship S Frota IS AslaOCL 14 Frt Links 16 ft Astro 3 C Link 4 Austral 9 Gemartrans 6 Avent 16 Genshpg 9 B'tang Mas 8 Glory Nav 13 BSA
      357 words
    • 23903 32 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT v/v/x ~x 9 Xi/(A ETA ETA Advertiser Vessel Voyage T»t»pft<xv« ETA ETA Advertiser Vessel Voyage Telepnone SIN Dest'n Sam. Nam* Number Number SIN Dest'n Name Nam* Number Number 08/08 29/08 CMA MED KEELUNG 240W 65-*****22 A 08/08 29/08 Quadrant MED KEELUNC 240W 65-*****44 09/08 27/08
      23,903 words
    • SHIPS IN PORT
      • 617 37 Vmd Voy Mo Brth Airtvl D«p«rtur» ArtkdOlpNH 9/96 Mm xJ IKXKJJK* 04.04/0500 AuM Sum 2496 J03 Moogsi* 03.01/2000 It IWo Mom *****6 J01 iKAjinH 03.06/1630 M tor Ntolt Auqj JOI tlongsM* 03.06/2359 K P«| NOW *****6 J0I doogsM* 04.04/0130 M Wko Aiiq3 JOI HongMt 03.01/2359 It W N
        617 words
      • 1397 37 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARCO Booklng/Manc* Rstls Ship Voy Mc Etb/ltr Pwtod Frow To from *a 1mm MM 04/045* U 01/1500 OVMM 01/1900 OVUOO 01/1*51 m M/otH 5 2KS22. o*moo 04/0700 04/1151 04/1400 4 04/B00 04/1455 04/1700 i«S OWOO u OVBOO 0VMH ovSoo 01/1900 03/1199
        1,397 words
      • 184 37 Any 10. Singapore: National Day Holiday. South Africa: National Women's Holiday. Aaglfl. Thailand: HM The Queen's Birthday. Aug 15. Austria: Assumption Day. Belgium: Assumption Day. France: Assumption Day. Greece: Assumption Day. Italy: Assumption Day. Luxembourg: Assumption Day. Portugal: Assumption Of Our Lady. South Korea: Liberation Day. Spain: Assumption
        184 words
      • 513 37 "HOB report, compiiad bv Cockatt Marin* OU Lid. ihowi priot ranaaa In Ui dollar* lnttaad at *inil« jwtow fbr« mor* comprthtntivt daacrlptlon of Prie** *ho»n *r* ba**d on avtraga iliad itm Markgt moyamanta art indicatad. 953 CocHtu Bunktr Prlot IndM chanft and th* UK vtduai chanfaa
        513 words
      • 350 37 10 »>WtT *ti*< »wHw Art Al—Www Uilwxrt ifr!'i E2S "V °'o V °''o 1 °"o %h/X MO A» tMJ 0 J >4.0 0.M 24 0.03 imci k .iw Js; mm o.f 19.0 o.n m 0.21 «8/iri »«/H mt -mi No «5o vi 038 4 Q 22
        350 words
    • AIR & LAND TRANSPORT NEWS
      • 300 38 But airline is confident of reversing losses after settling dispute Bernama [MANILA] The nearly twomonth strike by pilots and staff of the Philippine Airlines (PAL) has caused the company to lose 4.9 billion pesos (*****.9 million). In the month of June alone, the
        Bernama; FILE PHOTO  -  300 words
      • 103 38 AFP [BEIJING] Boeing Co will be among 600 aerospace firms from more than 30 countries exhibiting at the Nov 15-22 Autumn Air and Space Show in southern China's Zhuhai city, organisers said. China is planning on highlighting its latest space technology at the exhibition,
        AFP  -  103 words
      • 350 38 AFP [KUWAIT CITY] Kuwait Airways Corp (KAC) is to raise fares, cancel unprofitable routes and lay off hundreds of employees before its full transformation into a public shareholding company. The chairman of Kuwait's state-owned national carrier, Ahmad al-Meshari, said that a shake-up
        AFP  -  350 words
      • 1653 38 cm FLIGHT ETA fUOHT no SO2001 0835 LK6373 2350 AMaMa BA7J01 (930 BA7382 2055 IH77I WO S02i 2350 Oftl 1930 Of82 2055 W457J 1610 LH779 2359 $0229 2220 $***** 1610 HZ4579 2359 Aaitartaai ****** 0755 KL844 0040 OWt *<5 MQQ> 2359 S0327 0755 U.838 2300 FMMi
        1,653 words
      • 213 38 Bloomberg [SEATTLE] Boeing's 757-300 twin- engine jetliner made its maiden flight, as the world's biggest airplane maker seeks to tap the charter-airline market with a stretched version of the 757-200. The single-aisle jetliner, which can carry as many as 289 passengers, landed at Boeing Field near
        Bloomberg  -  213 words
      • 60 38 [TOKYO] Picture shows an experimental high-speed rail vehicle called the "aero-train The train uses solar and wind power to generate electricity and scientists estimate that the aero-train could achieve speeds ofsoo km/h. Scientists in Japan hope to start testing a prototype in 2002. The GETS logo
        REUTERS  -  60 words
      • 209 38 Bloomberg [BEIJING] China cancelled plans to build 20 McDonnellDouglas MD-90 aircraft in Shanghai because of a poor reception from Chinese carriers and Boeing Co's own decision to stop production of the jets in the United States, officials said. The failure of the aviation project,
        Bloomberg  -  209 words
  • Page 23 Advertisements
    • 15 23 Malaysia ponders its options KL may even force shippers to use home ports. Page 2
      15 words
    • 380 23 PAL strike costs 4.9b peso But carrier is confident of reversing losses after settling dispute. Back Page Malaysia ponders options, Page 2 International Workßoat Show Singapore The International Workßoat Show will industry will be represented including be brought to Singapore for the first maket leaders such as Hvide Marine, time
      380 words

  • Page 24 Advertisements
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    • 95 24 4± SANKYU (S) PTE LTD 11 C^ l fo M ™L LOOR S, NGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAW P WT v H— Kong aAM China Pom tIYWY THU* «un w»mu VOY £TD SIN HA TYO ETA KOt ETA TOK ETA
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  • Page 25 Advertisements
    • 1085 25 I SAX SERVICE (DIRECT) Ivtssa voy sum 1 iax lam I dm. hou a* «w» m mtc AftTURQUOK 018 C. 17/0® 27/08 31/06 31/06 01/09 01/W 02/09 02/09 03/09 03/09 AW SARDONYX OOSt "WW M 709 07/W W/vT 0m 07/09 08/09 08/0? 09/09 09/09 Afl TOUMMiIi 0191 26/08 >0/09 14/09
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      2,165 words
    • 435 25 PULLY CONTAIN HI >BP PIPICATIP »B»VIC1« VESSEL VOT_ _SM_ n6 VOT SIN KG KEI USN PUS |VPSa I VOT I SIN 1 PK6 IvESA IW I SIN I JIT I mmm ios 10/07 21/07 ion 72/07 20/07 20/07 30/07 31/07 |jj{s hongiong I I I m'/m 1 olos llisl i
      435 words

  • Page 26 Advertisements
    • 1388 26 DSR-SENATOR LINES TO UK/CONTINENT TOREDSEA/M^nTOtBANEANCANADA jg WY sm LfH IH W Ml W fU VESSEL TOY MM JB) GIT m Hit VIC Ml nwxETHwrrr won otn an »m zim mm jom mm sum wm» mm i7M nu»m v m hm mm HMUMMKaOM DMIS 11 M HM M M 11M M
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    • 994 26 lzi\y \zJ »SIBU: (OS4) *****9 MAMLA: (632) *****24 P€HANQ:(O4) *****36 BANGKOK: (882) *****67 SURABAYA: (31)*****0 P. KEIAHQ: (03) *****77 JKT (21) *****07 MDN: (61) 544«3 KUOBMQ (062) *****1-3 XIN6ANG PENANC MV KOTA HARMUNI" V.HNII6S MV JARU BHUM" V.8385 ETA SIN: 08/08/98 FTA SIN: 06/08/98 HAIPHONG CANADA MV "MEUNH" V.E3188 MV
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  • Page 27 Advertisements
    • 1363 27 [VESSEL VQY SIN POU PKO PEN PQB PUB BHJ BA BIK IRAN HESABI PJL 1304 29/07 00/08 07/08 07/08 08/08 IRAN TAKHTI PJL 1300 11/08 19/08 20/06 20/06 21/08 IRAN TEYFOURI PJL 1304 19/08 27/08 28/08 28/08 29/08 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLANO POINTS IN IRAN CIS COUNTRIES I.E. A2ARBAUAN.
      1,363 words
    • 1542 27 AU-WATER DIRECT TO 1 NEW YOKK IN 2« DAYS I <<m« Stn?WN6"mLTD ZESX JM,MO owwmoh/u' amsm: jMotioma a" 7««oo2 'owuSMEm, *****2,., "W«0K"(0/0| «»57is COSTAR AGENCIES (M) SDN MD T/SHHOTOOT <MS«S ttl M-QMS am hcl MVSSMITO Sm»i [£»1 &""Zm S» 2£L, *5."" [®1 »o»ls.i«nt#Bi/BMB UK*T»e/DIO7S 05/W lf/W 21/W HAM m/n «/m
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    • 568 27 'jr=-i EASTERN CAR UNER, LTD."rt'SSI.t" |_tj eg (siHOAPOini en ltd 1 SPfOAUZIIHRORO* HEAVY UFT WTO 122 TOHSI ECI (SIKGAPOKE) PTE UP LOADING FOR CAIOmA/CHENNAI HO CHI MINH/HONG KONG MV "BRIGHT PESCADORES" V.l MV "GOLD INDUS" V.IA EUSN3I/07/* CHtNNAJ 07/08/98 ETA HKG 07/06/98 YANGON/HALDIA COLOMBO/CHITTAGONG MV "TERESA PRESTIGE" V.19 MV "KEISHUN"
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  • Page 28 Advertisements
    • 1537 28 Iw-jl si ■ajiMMaaißiBßHiiBl IHHHMH|H||ilf|llfeHlß iHiiw|i|jyu|ijAnj|»|^^H I ■PVHiiiiiiiiiiH^^niHnnnnnn ■_eje™ggym^ypgjggggygg^|jg™ -iss! *hb jgg J**— p.Bmu* c>—. ut, siw ftw*»C«»i«r FMO3S OMH )M» M/TW M/W H/M 31/ HI 02/W M/OT Oi/M SSS ggg i»g_... ag ~pg~ P/M ~?vm m —w/w iw~ 5* —si- s si gi is :=;::3ss==Sß= J®= z as as ss
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    • 385 28 r*a> NANTAI LINE FULLY CONTAINERISED SERYKE TO MAURITIUS SOUTH AFRICA vissa vot I si pui put <ft I »/mT GOU** DRAGON VOO6S 10/08 20/0 C 24/01 2t/M HHSACASTHU tfIOIS 14/01 2S/00 »/0> ~Q3/W jjjjjglfßKP Y.OHS 23/00 07/Qf 11/W mmiwffli tows 31/00 w/w ivw ii/w ?i/w ■MgWBBAgOOI VOOIS 07/W 17/W 21/0f
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  • Page 29 Advertisements
    • 440 29 1 BSA il mmi MYANMA WBBk FIVE STAR UNE (MytMMr Nolloml Li«o) v LoadiN] for YoafM (Ra«go««) VESSEL VOY SM PU PEN POU SITTWE ll« SI PATWM ISOW 00/00 MALAYSIA AGENTS; OOUSTEAD SMPPM6 AOENOES KUL TU (03)*****00 PRI: TH (03) *****01 PEN: TH (04) *****0} PGU: TU (07) *****21/4 BANK
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    • 1189 29 HMNEZ HYUNDAI MERCHANT MARINE CO., LTD. [VKSfI YOT S SOU lUM 1 KTW 1 MfT IHMB IWV I_HL 11 VESSEL VQT I SOU It«I m I AMT I I I fBv I NOIAMAZDMTE 017W 94/00 24/OSI ItMH/N 27/01 HYCORMOOORE 3131 11/07 U/W if« 7 u*7 MM LA LOB saw 17/08
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    • 1106 29 yriofaeri aukxaman GJ©§(°]<£ TO NORTH AND LATIN AMERICA 'RORO HEAYYUFT SOYKE' ivissa vor mr hdgkt sin iax ai mia say oai. otf mrc m* mot unoa Fiu 4MT«s um "Wof 10/00 10/00 22/00 24/00 M70T2775r 20/00 Wio~ m/io IAMPA FOl7 400 tan 6JM 26/01 22/09 01/10 04/10 06/10 00/10 00/10
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    • 774 30 MJHMCOK/MAPTA PHUT/LAMM CHUAIiQI JAKAHTA/FAH JAHO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN~ BANIBHUM 109N In Pt 08/06~ 07/06 ANRO JAYAKARTA* 060 In Pt 06/08 CHAKA BHUM** 29N In Pt 07/06 THANA BHUM 296S OS/OS 06AM SINO OCEAN OCNIQI 06/06 06AM OURU BHUM 88S 06/06 06AM NANTA
      774 words
    • 467 30 BINTANG MAS SHIPPING PTE. LTD. NEIL ROAD, SINGAPORE 0208 Ml TEL *****68 FAX: *****64 TLX: R*****6 SINMER CR No: **********0W R«c«<v<nq Cargo IPTI I MHIMIu j Mm— 1 mm vqi «n mi mm i i i 21* 07-OMI 13/08 MMi mix OSWW 11/01 I S«i WBIK 20-71/08 HA* MM mix
      467 words
    • 576 30 1 ACCORD B SHIPPINO PTE LTD TiLj»66sl IS (40 Unee) PAX: *****30 KOTOAHC (031)*****1 m M DMECT ACCESS Til: *****55 (EXPORT BOOKMG) fASWt GUDAMG (07) SSI 1377 *****34 (EXPORT DOC), *****39 (IMPORT) FBUMC ($4) SSI 144$ UBIjHTTP://WWWACCOBD.COM.SO WUUtTA (*****00/70 VAA^ POW ITA SIN PORT ITA BIN PORT m SIM PORT
      576 words
    • 38 30 LNS EXPRESS (S) PTE LTD Blk 217 Henderson Road, #01-04 Henderson Industrial Park, Singapore *****5. CR NO: **********0/H Air-Sea International Freight Forwarders MANILA I Also accepting Heavy Lilt A Project Cargo Tel: 65-276 79M Fax: 65-276 3740 I
      38 words

  • Page 31 Advertisements
    • 383 31 INDONESIA NATIONAL LINE TO EUROPE 1 ptrnm BMBfegp service m m I I wst ADAMyW DAIH H lUH6 IRfMEM MtTWEI avemi S/ii tvn omit tvii TO AUSTRALIA "I RtU-COMtt—HtgMCl ML Iwr war m m m mel m wl f* MSU6AI [ill HM MM IMi TIM MM PMKDUOTDmMMK|I« 1«M IMi ZVM
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    • 852 31 ADVANCE CONTAINER LINES (PTE) LTD -/V I 140 Cadi Straat, #12-00, P*. Budding, Singapore *****0 LaZ TEL: *****21, FAX *****19, TELEX R*****0 ACLPL CR NO. **********0E OPERATIONS: *****60/ *****08 BANGKOK JAKARTA (WwMy S »IH PAT/I SIM LCH/1 »H MIT) •l""|i.irnl| Vfssa VOY SN MQ< VPMi VOY I 1 KT MAUN
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    • 771 31 VESa&B I** f* ll I I m I m I THP BTM ZEE MLLEOEMB4OBA V27W QMS 16AM IXO6 24AM 2M» 26AM 2SAM 30X06 \*LEOE TANYA TZ7W WW I«AM 2WB 2BXM 31/06 (BA» 02AM gg VALLEOETAIWUS A27W 17AM 26AM 31AM OMI 07/09 (WW OBXOB KMB6 VHEITAOUARKJB U27W 02AM o*o9 WW WW
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  • Page 33 Advertisements
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  • Page 35 Advertisements
    • 55 35 m 3 n —(Retrieve more schedulesl) Pressor c Se ec t the port and key in the four digit code eg: To New York (NYQ 2275 -tfSijm Key in your fax number your phone number Another innovative servkeoffered by document Will be SHIPPING TnVfFS m*J faxed to you* X J.
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  • Page 37 Miscellaneous
    • 124 37 LIOCND: R Thund*r*torm T*mp*roti** c A V Show*r W#oth«f Wind direction with *p**d in knot* Ron Vj Cloudy Sky W w h*»ght S«rf*e* »ind« or* indicotad by orrow, »Kidi «y wftfc Hw wind On* full drcl* r»pr«»«nt» colm or kght ond vonobte wind* On* hoH fitch* r*pr***nt* 5 knot* I—
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  • Page 38 Advertisements
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      121 words