The Business Times, 6 August 1998

Total Pages: 38
1 38 The Business Times
  • 14 1 THE BUSINESS TIMES MITA(P) 11(V12^97 is; SINGAPORE Internet- http://business-times.asia! com.sg/ THURSDAY, AUGUST 6, 1998
    14 words
  • 51 1 D VMU3 (-12.86) j3 tlijg 1 (4.06) OSSSt* gjwußraoaat STOCK MAKKET DOHOES Wednesday Change KLS800MP NIKKH IMAM -IL4I HAMJ8ENG 7,4*43 -***** SET INDEX 2f417 -117 JAKARTA OOXP 441.78 -IU7 MAMLACOMP _ljlt7l +1UI TWUm——7,411.71 -18.41 8B0UL00MP ***** -1117 CUBA CHINA B AUST ALLOW __U4li__-411 l.Npa EOT Cknp DW MC.14
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  • 64 1 FOSEX BATES uw L714 *UM/8|per$ 1JS8 1814 DM L7?t U74 1418 Lttt* 4.1S3 1417 w* ww urn 227- «•»—<UM J HJP1AH 12,710—0114 •strnmmM* FUME BARB SINGAPORE* 7» KHALA LUMPUR 11 JO I JAKARTA 28.00 BANGKOK 14.76 fcpwiu n» s HONGKONG MJS SYDNEY g45 TOKYO 2JI S80UL 14.N ZURICH FRANKFURT**
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  • 1011 1  - Wall St bull still intact despite Tuesda y's scare: analysts Health of economy, mutual fond inflows seen underpinning performance From, Andrew Marks in New York WALL Street's big losses on Tuesday have left many investors wondering whether the bull market is finally over. But few analysts are willing to write
    Source: Bloomberg  -  1,011 words
  • 73 1 AFP, Reuters [NEW YORK] Trading on the New York Stock Exchange was volatile early yesterday with the Dow Jones Industrial Average reversing its course several times before stabilising around noon. At 1 pm EDT, the index was up 71.83 points at 8,559.14,
    AFP,; Reuters  -  73 words
  • 71 1 [HONGKONGJ Cathay Pacific Airways has flown deep into the red, with the company ar^° its first loss since its listing in 1936. StiU, the show mustgo onfor chiefoperating Officer PhUip Chen, chairman Peter Sutch and managing director David Turnbull as they viewed a picture of
    REUTERS  -  71 words
  • 196 1 Employees asked to take 2 days unpaid leave each month Bloomberg [SINGAPORE] Parkway Holdings Ltd, Singapore's biggest operator of private hospitals, asked its 2,000 employees to take two days unpaid leave each month for a year to cut costs, eight employees said. The move
    Bloomberg  -  196 words
  • 233 1  -  By Annette Pau [SINGAPORE] Compact disc maker SM Summit Holdings' run-in with the anti-piracy watchdog Business Software Alliance (BSA) came full circle yesterday it began legal action for damages against the various parties who raided its premises under three search warrants for evidence
    233 words
  • 249 1 [SINGAPORE] Wall Street s 300-point or 3.4 per cent overnight plunge reverberated through regional stock markets yesterday, with losses running as high as 4.2 per cent in Indonesia. In Singapore, the Straits Times Industrials Index hung on to its 1,050 support level, closing
    249 words
  • 480 1  -  By: David Boey [SINGAPORE] Pidemco Land yesterday fired the latest volley in a price war with North Oaks, its next-door rival, announcing an average price of $378 per sq ft for Woodsvale executive condominium, or a potential loss of up to $50,000
    480 words
  • Page 1 Advertisements
    • 146 1 ihhuim HTTJC cats price* Singapore's largest supermarket chain NTUC Fairprice cuts prices of 38 items by up to 13% from today, P|2 Thailand's central bank is offering money-back guarantee to foreign investors who have bought major stakes in troubled Thai banks and finance companies, Pgß CAM International Holdings' majority shareholder
      146 words
    • 37 1 Trading halt only if Dow plunges, Pg 15 t Z I -jbt -*>*»• .-3 CHANEL >S f 'fe EXCLUSIVELY AT THE CHANEL BOUTIQUES NfiFF AKIN riTV lot DRTHinn RHIO TCI Tinion icmu arnrre ka rav>u>»n nn>n eikinAnnnr n-.
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    • 9 1 Pldemeo Load's total debt rises to $2.85b, Pg 2
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  • SINGAPORE AT HOME & ABROAD
    • 416 2  -  Boon Heng expects others will follow suit to encourage shopping in S'pore By < Carol Eng SINGAPORE'S largest supermarket chain NTUC FairPrice cuts prices of 33 items by up to 13 per cent from today, and National Trades Union
      416 words
    • 369 2  -  Largest refiner, ShelL sluhinf capacity by 25% to lowest level eror By Ronnie Lim WITH the oil market continuing to be soft and refining margins staying negative, all the oil companies here have been forced to cut back capacity this month, with
      369 words
    • 324 2  -  Singapore's aim to be global Net trading hob gets a boost By Kenneth James SINGAPORE'S hopes of playing a key role in global electronic commerce has received an early boost with computer giant Hewlett-Pack-ard's decision to run its AsiaPacific e-commerce operations out of the Republic.
      324 words
    • 185 2 THE government yesterday launched a scheme to encourage small and medium-sized enterprises to adopt common electronic data interchange (EDI) standards and networks. Called the Integrated EDI Programme, or lEP, the scheme is open to all SMEs which plan to use govern-ment-established standards to perform EDI
      185 words
    • 335 2  -  From\ Shoeb Kagda in Jakarta MINISTER for Education and Second Minister for Defence Teo Chee Hean yesterday paid a courtesy call on Indonesian Defence Minister and Head of Armed Forces Wiranto at the Ministry of Defence. In Jakarta for a three-day visit
      REUTERS  -  335 words
    • 407 2  -  Earlier plan wu to split ontpnt between S'pore, Japan By. Jennifer Lien JAPANESE chip giant Hitachi Ltd plans to make Singapore its volume production centre for next-generation 256-megabit dynamic random access memory (DRAM) chips, instead of splitting production between Singapore and Japan
      407 words
    • 303 2  -  EYE ON THE ECONOMY Outlook By\ Marissa Chew THE prognosis for the Singapore economy may not be all that bad as yet, anyway going by this leading indicator derived from the income approach to gross domestic product (GDP). This is the profit-remuneration ratio which compares
      Source: DOS  -  303 words
    • 376 2 The Straits Times SOME Singaporeans who went to Johor Baru by train over the weekend were detained for up to two hours at JB customs and immigration on their return journey because their passports did not bear the "chop"
      The Straits Times  -  376 words
    • 417 2  -  By\ Lee Han Shih PIDEMCO Land's first annual report released yesterday showed why the whollyowned government company is just as eager to sell its properties at loss-making prices as listed developers are. As at Dec 31 last year, the latest date for which
      417 words
    • 327 2 AMNESTY International made Inaccurate and unsubstantiated assertions of law and facts in its criticism of the Court of Appeal ruling on the defamation case brought by Prime Minister Goh Chok Tong against Non-constituen-cy Member of Parliament J B Jeyaretnam, according to the Ministry of Law
      327 words

  • FOCUS: PROPERTY
    • 719 3 Property transaction for district 9 and 10 (sectors 22 to 23 and 24 to 27) lodged between June 28 and Aug 1, 1998. PROJECT NAME/ PROP CONTRACT TENURE 8ULT-W PRICE PSF street name ry« date uwoarea* (SOFT) (SS'OOO) (S$) District 09 Mfln I nnrinrt Aspen Ht Apt 05/22/98
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    • 472 3  -  Distress sales are on the rise, with one Ridgewood unit tagged at $380 psf By. Ang Wan May TSINGAPORF.I A 999-year Ridgewood apartment in the popular Mount Sinai area is going for $380 psf, just a little more than what an HDB flat would fetch.
      FILE PHOTO  -  472 words
    • 521 3  -  Buyers who opt for these extras most pay $9,700 by Aug 11 By: Diana Oon [SINGAPORE] Villa Verde buyers have been told they can opt for additional air-con-ditioning in their living and dining areas, but will have to cough up $9,700 for
      521 words
    • 190 3  -  By. Ang Wan May THE Urban Redevelopment Authority (URA) yesterday announced the launch of three conservation buildings and four Chinatown shophouse sites for sale by auction next month. Two of the three parcels of restored conservation buildings for sale 30 Temple Street and 27 28 Mosque
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  • Page 3 Advertisements
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      103 words
    • 215 3 rk-'v W'. Would you believe a great meal in a deluxe restaurant at hawker pricesl maybe even less! PA^ o^ lS^ j/ RedTilapia $2 W Sea Bass >T $3 1/ Soon Hock $4 Black Garoupa $4 Lobst<K $5 fllOf 1 4 Mussel >r .$1 f/iaft/ti/ s estauiwit •L ff. Uon
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  • ASIA'S ECONOMIC SLUMP
    • 324 4 Reuters AFP [BANGKOK] The International Monetary Fund strongly supports measures taken by Thailand to revive its ailing economy, a senior IMF official said yesterday. Speaking to reporters after meeting Thai Prime Minister Chuan Leekpai, IMF deputy director for the AsiaPacific, Anoop Singh,
      Reuters; AFP  -  324 words
    • 321 4 AFP [KUALA LUMPUR] Malaysia's plan to recapitalise weak banks has set in motion a fast-track operation to heal the ailing financial system but doubts emerged yesterday over the massive funding required. Amid fears of further rises in non-performing loans, the central bank
      AFP  -  321 words
    • 384 4  -  Move goes beyond NEAC's proposal and represents suspension of bnmipntra policy From Eddie Toh in Kuala Lumpur THE Malaysian government has gone beyond the recommendations of the crisis committee National Economic Action Council (NEAC) and allowed 100 per cent foreign
      384 words
    • 721 4  -  Speedy pace to stress commitment to banking reform From, Anthony Rowley in Tokyo NEWLY-APPOINTED Japanese Prime Minister Keizo Obuchi's cabinet kept up a frantic pace of activity yesterday in a bid to have legislation ready for him to announce in his first major
      AFP  -  721 words
    • 714 4 Q2 estimates of GDP growth range from -3-2% to -5% AFX-Asia [KUALA LUMPUR] Malaysia is seen to be technically in recession, with estimates of second quarter gross domestic product growth ranging from a negative 3.2 per cent to a negative 5 per cent year-on-year, economists
      AFX-Asia  -  714 words
    • 395 4 Spillover effects have infected others and threaten US economy, he says Washington Post, Reuters [MILWAUKEE] The Asian financial crisis is far from over, warned Deputy US Treasury Secretary Lawrence H Summers. His warning was echoed by Germany's Ifo Institute for Economic Research,
      Washington Post,; Reuters  -  395 words
    • 128 4 Bloomberg [TOKYO] Some 88.7 per cent of Japanese polled said deposits at banks are no longer safe and 63.9 pefceent intend to focus on banks' financial standing and earnings when choosing one, a survey by Dai-Tokyo Fire Marine Insurance Co showed. Some 71.7
      Bloomberg  -  128 words
  • Page 4 Advertisements
    • 17 4 The Strait* Time* Classiffed/Tangtin Mall Tanglin Mall, every third Saturday of the month, spm 11pm |cata| 11
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    • 148 4 I PERKS I I is Singapore I I Ready Now! I PERKS is ready for Singapore now! No customisation required. [lip No delays. No next year deliveries. _ji| PERKS interfaces to external HR Systems and Time Attendance pW Systems. If you are using Enterprise HR Systems, talk to us about
      148 words

  • THE REGION
    • 562 5  -  But foreign bankers dismiss move to lure into financial sector as insufficient From, Harish Mehta in Bangkok IN a desperate bid to lure capital into the financial sector, Thailand's central bank yesterday said it would guarantee that foreign investors who bought major stakes
      562 words
    • 341 5 JAKARTA Current market conditions not conducive: Tanri AFP INDONESIA will delay the further privatisation of state telephone monopoly PT Telekomunikasi Indonesia (Telkom) due to unfavourable conditions prevailing in the market, a report said yesterday. Minister of State Enterprises Tanri Abeng said the government's
      AFP  -  341 words
    • 530 5 KUALA LUMPUR DAP hits oat at Republic's 'display of arrogance and intimidation' Reuters, AFP IN a rare show of unity, Malaysia's rival political parties are taking aim at a common target Singapore. Since Prime Minister Mahathir Mohamad went on the offensive against its neighbour
      Reuters,; AFP  -  530 words
    • 223 5 KUALA LUMPUR Reuters THE chief of Malaysia's top private television station has resigned, joining two senior newspaper editors who quit recently. Media executives yesterday said Yunus Said, operations director of the private TV3 station, had submitted his resignation letter on Tuesday. "Yunus told us Tuesday
      Reuters  -  223 words
    • 183 5 MANILA Bloomberg GROWTH in Philippine consumer prices in July slowed for the first time in six months as an El Nino drought eased and the peso stabilised against the dollar, government figures showed. Consumer prices, based on a 1994 survey of household spending patterns, rose
      Bloomberg  -  183 words
    • 182 5 KUANTAN Bernama PAHANG, which has abundant water resources, has no plans to supply water to Singapore, Menteri Besar Khalil Yaakob said yesterday. "In our planning, there is no provision to send water there," he told reporters after chairing the weekly
      Bernama  -  182 words
    • 211 5 KUALA LUMPUR Bernama COMPARED to the first day of operations at Singapore's Changi Airport or Hongkong's Chek Lap Kok, the performance of Malaysia's new international airport was "anytime better", national news agency Bernama quoted a Malaysian deputy minister as telling the upper house of
      Bernama  -  211 words
    • 169 5 TAIPEI Reuters TAIWAN said yesterday it would consider restricting the number of Indonesian workers going to Taiwan if Jakarta fails to address reports of atrocities against ethnic Chinese in Indonesia's May riots. "The Council of Labour Affairs hopes Indonesia's government will thoroughly
      Reuters  -  169 words
    • 204 5 JAKARTA AFP INDONESIA'S state oil and gas company Pertamina has terminated six contracts awarded to family members and cronies of former president Suharto, a report said here yesterday. "We are working to weed out all Pertamina projects obtained through corruption, collusion and nepotism,"
      AFP  -  204 words
  • Page 5 Advertisements
    • 8 5 Editorial: Why not look at thefacts? Pg 9
      8 words
    • 131 5 Tjw L"~"TgTnTiFrir HHHH glfawi PH I P kJI I j sJfciar J I Radisson HOTELS WORLDWIDE" The difference is genuine. SM /^vi-ii-i At half price you can now indulge in the Radisson experience with a J V /vr UJr.r difference. Our Radisson Hotel Convention Centre Shah Alam, will fulfill all
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  • REGION
    • 389 6 BEIJING Official organ warns that practice leads to job losses and social instability Reuters CHINA yesterday urged caution over the sell-off of thousands of small state firms, saying the practice has resulted in rising unemployment which threatens social stability. "The
      Reuters  -  389 words
    • 225 6 CANBERRA Reuters AUSTRALIAN Deputy Prime Minister Tim Fischer yesterday stepped down as leader of his National Party in a bid to quell party disunity in the face of the rising political threat from far right MP Pauline Hanson. But Mr Fischer was immediately
      Reuters  -  225 words
    • 254 6 BEIJING Penalties include revocation of licences report Reuters CHINA has ordered firms involved in foreign trade to steer clear of smuggling a»~ part of a drive to stamp out illegal trade, the People's Daily said yesterday. The Ministry of Foreign Trade and Economic Cooperation
      Reuters  -  254 words
    • 398 6 HONGKONG AFP HONGKONG activists are planning a campaign to force Chief Executive Tung Cheehwa to step down amid an economic slump, a former legislator said yesterday. Tsang Kin-shing, a former member of the territory's mini-parliament, will lead the "Dump Tung" campaign,
      AFP; FILE PHOTO  -  398 words
    • 734 6  -  CHDVA WATCH China's floods could prove a blessing if they help the country stem > glide In prices By Lu Ning IN college economics 101, we learn that a bad crop may bring farmers more revenue than a good harvest. The reason
      Source: China Statistics Yearbook  -  734 words
    • Article, Illustration
      66 6 [MELBOURNE] RMIT University industrial design student Georgie O'Connor playing the "Bell Tower an instrument made from diamond-cut bottles and glasses at a pre-Open Day concert on campus yesterday. The "Bell Tower" is played by tapping the suspended glassware which have different tones depending on how they are cut.
      REUTERS  -  66 words
    • 343 6 NEW DELHI Expatriate Indians' patriotism will be focns of marketing FT THE State Bank of India (SBI), one of the country's main commercial banks, is hoping to raise up to USJ3.S billion (Ss6 billion) in a bond issue appealing to
      FT  -  343 words
    • 525 6 NEW DELHI 2 percentage point cnt is an attempt to revive export fall Bloomberg INDIA has reduced the interest rate on loans to exporters by 2 percentage points to 9 per cent, from 11 per cent in an attempt to revive falling
      Bloomberg  -  525 words
    • 237 6 mSYDNEY Bloomberg [SYDNEY] An Australian consumption tax would have to be implemented carefully to avoid a hit to economic growth in the lead-up to its introduction, economists said. They warned that the market for goods which are currently taxed at rates higher than an
      Bloomberg  -  237 words
  • Page 6 Advertisements

  • Page 7 Advertisements
    • 1804 7 ine Business Times, Thursday, August 6,1998 ADVE RTIS EME NT j Pagi Go-ahead on k*> jjfesMßyi co po ,ie ovk Marina Line Snr-aiT benefits Suntec City established 13-km rail link costing $1 .75 he added. located themselves in one billion will serve Singapore's r.S'iS'S; «ff" WEXk&Kr? M CSS&3 premier development
      1,804 words

  • REGION/WORLD
    • 505 8 LONDON Business leaders, anions complain tight money has blighted manufacturing AFP THE Bank of England yesterday began a two-day interest rate meeting amid huge pressure from industry against a rate increase as recession looms for the economy. Chief economist at the Canadian
      AFP  -  505 words
    • 286 8 LONDON Bat only if central bank indicates soon that rates have peaked, it says Reuters UK'S manufacturing sector could begin to recover from the spring of next year, if the Bank of England's Monetary Policy Committee (MPC) makes it clear soon that
      Reuters  -  286 words
    • Article, Illustration
      95 8 [VATICAN CITY] A worker on Tuesday spraying a gush of water, sand and soap to clean one of the 284 columns which surround St Peter's Square in Vatican City. Preparations are underway to celebrate the start of the third millennium in the year2ooo. Kaercher, a German company
      AFP  -  95 words
    • 333 8 WASHINGTON Reuters A NEW rescue package to shore up the rouble and give Russia's government a fighting chance of economic success will be a test, not only for Russia, but also for the International Monetary Fund (IMF). The IMF, already under fire
      Reuters  -  333 words
    • 317 8  -  Info products CEO to take over as Acer's group president From Laurence Eyton in Taipei TAIWAN'S Acer Group yesterday announced a sweeping corporate restructuring in which founder Stan Shih handed over the group's presidency to devote himself to rescuing the company's high-ly-troubled
      317 words
    • 193 8 BRUSSELS Bloomberg ECONOMIC confidence in the 11 countries slated for Europe's common currency rose in July, the latest sign of a recovering economy, the European Commission said. The business confidence index for the countries adopting the euro next year rose to 105.7 in July
      Bloomberg  -  193 words
    • 151 8 WASHINGTON Reuters A HOUSE committee probing alleged campaign fund-rais-ing abuses threatened US At-torney-General Janet Reno with contempt on Tuesday if she did not turn over confidential memos recommending the appointment of an independent counsel. But Ms Reno, who has refused to seek an
      Reuters  -  151 words
  • Page 8 Advertisements
    • 541 8 NOTICE IS HEREBY GIVEN that, I Lee Siang Huap, Joseph of Blk 101 Ah Hood Road #16-02, Singapore *****1, have applied for a Public House First Class Licence in respect of M/s Kool Klub Management located at 42 Prinsep St Singapore *****0, and that this application will be considered by
      541 words
    • 361 8 NOTICE IS HEREBY GIVEN that, I Nan Renzhe of Apt Blk 52, Kent Road #06-21 Singapore *****2, have applied for a Ist Class Public House Licence in respect of M/s B1 Woh Korean Restaurant Pub located at No 9 Duxton Hill Singapore *****0, and that this application will be considered
      361 words

  • EDITORIAL & OPINION
    • 779 9  -  THE BOTTOM LIME OPINION By Leon Hadar The writer is BT's Washington correspondent. I WENT last week to see Saving Private Ryan, Steven Spielberg's new movie about eight American soldiers who take part in the invasion of Normandy on D-Day
      779 words
    • 120 9 After all, you can't take it with you when you are dead/ R Sathrognam Malaysia's first heart transplant patient, on the importance of organ donations. I don't think GM got anything they couldn't have gotten in June. Maybe GM's cheering section (on Wall Street) is going to
      120 words
    • 660 9 EDITORIAL THE Singapore Home Affairs spokesman who this week rebutted Malaysian accusations spoke for many Singaporeans when he pointed out a frequent habit of Malaysian leaders: their provocative statements simply ignore the facts. This is evident in the relentless stream of high-level criticisms from
      660 words
    • 1000 9  -  The US is starting to feel the effects of the Asian economic crisis, bnt politicians don't seem prepared for what's coming By* James K Glassman James Glass man writes regularly on financial affairs for The Washington Post LATWP THERE'S an old joke that economists have predicted
      LATWP; FILE PHOTO  -  1,000 words
    • 844 9 Blind ey« Id Kosovo SERIOUS human rights violations are being tolerated in Kosovo in favour of shortterm geopolitical interests in the Balkans. Serbian police and the Yugoslav army have launched their largest offensives to date against the ethnic Albanian insurgency. They appear to have used disproportionate
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  • Page 9 Miscellaneous
    • 40 9 POOMESBPRT By Garry Trudeau A excuse Me, which °/A :zi=i] saaeeNfrve. THSATERIS SHOW- f \UH„.Pt&C?\ SPSS VOWRe GONNA t I M/NLTTe... f STIU> f I'm TORSCLTT. j UJVZ rT. THeRZS HOUJOU? f CAFPeP. !T5 J j J UK£A JOKe J
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  • EXECUTIVE LIFESTYLE
    • 642 10  -  Besides competition from giants, they have to contend with online bookselling, says JANE JANE MERRIMAN Reuters BRITAIN'S traditional small town bookshop, cramped, dusty and run by genteel, bookish types is under threat. These little stores are already facing cut-throat competition as major bookshops,
      Reuters; FILE PHOTO  -  642 words
    • 563 10 FILM Festival now an impressive showcase for black filmmakers NYT [NEW YORK] Three years ago, as a vice-president for marketing at Miramax and one of the few black executives working in the film industry, Stacy Spikes fielded the same question repeatedly from black
      NYT  -  563 words
  • Page 10 Advertisements
    • 132 10 i ft Happy Birthday, fappore! 6 to 11 August 1998 It's a nation-wide party on 9 August 1998 as Singapore celebrates her 33rd Year of Independence. To add more reasons for having a fantastic time over the long National Day weekend, here is an irresistible room package: Accommodation in Superior
      132 words
    • 337 10 BPSIHESS NOTICE IS HEREBY GIVEN that, I Chan Poh Eng Eric of Blk 7 Lorong Lew Lian #03-134 Singapore *****7, have applied for a Public House, Second Class Licence in respect of M/s Stablevest Holdings Pte Ltd located at 302 Tiong Bahru Road, #01-18 Tiong Bahru Plaza Singapore *****2, and
      337 words
    • 319 10 NOTICE IS HEREBY GIVEN that, I Chan Kwing Yeng of 658 Cairnhill Road Singapore *****2, have applied for a Public House Ist Class Licence in respect of M/s Au Jardin Les Amis located at 1 Cluny Road, Singapore Botanic Garden Singapore *****9, and that this application will be considered by
      319 words
  • Page 10 Miscellaneous
    • 192 10 tub WEATHER Singapore; partly cloudy Temperature (25/30 C) AaU-Pactflc Lo/Hl* Cooi Jerusalem 1434 dear Stockholm 1119 run Auckland Wl6 dear Mem 33/44 dtwdv Vienna 1423 dear showers Zunrfa 1223 doudv Betjm* 22/30 tair Europe Lo/Hl* Cood. Bombay 2630 showers Amsterdam 1322 doudv America Lo/Hl* Cood. Bnsbane IS-® showers Athens W37
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  • Page 11 Advertisements
    • 342 11 Mrt fM kiM? Im4it e Cats' Mews/ Catik Caft* Mm i« Suty ClutlfM tkii mktai. j CATS. Where to WIIICj dine And entertain*** Emergency Referrals Whilst overseas, *****45 O mWd «»jfimk Japanese Food SC Dessert Promotion 13 July 31 August Because it is //to/ good! Treat yourself to a wide
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    • 90 11 Hongkong JL FOOD PROMOTION y featuring Authentic jT Hong Kong 7% cuisine from 22 July -10 August 1998 S Reservations: 831 6262/66 it Mandarin ||l Singapore Chinese RESTAURANT Mk> 333 Orchard Road, Singapore 23M67. "ftt 737 4411 Lunch 12 pm-2:3opm Dinner 6pm -10:30pm Stamp your "passport" each time you have
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  • Page 11 Miscellaneous
    • 777 11 TVVRADIO rrnmilM ■11 Pictionary. 5.06 Zhong Guo Qing Dai 1 Mi\ ki ft.oo News sToday Followed Gong. By CAN (Teen Pro- 545 Maison Ikkoku. 4.00 Kidz Blitz: Walter Mel- gramme With An Attitude). 440 Noah's Island. ft3o The Pyramid Game. QAA AMrnic 5.00 Sports Llustrated For 7.00 News 5At Seven.
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    • 195 11 CRYPTIC CROSSWORD 17 Succeeded in having a private coming (13) 22 Audacious attempt to see if one (7) U U— 27 Arranged the loan to get alco 28 Maybe retired salesman L— 1 111 l should take a risk (9) 29 Bit a man on board (5) 10 Morgan s
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  • MOTORING
    • BUMPER to BUMPER
      • 78 12 ROLLS-ROYCE Motor Cars chief executive Graham Morris has resigned. The move apparently has to do with newly-announced plans to carve the company into two entities (Rolls-Royce and Bentley). The Englishman, previously a VW-Audi top executive, was said to have been instrumental in the sale of Rolls-Royce Motor
        78 words
      • 61 12 THE tender for SCV car registration numbers is now open. Bids (minimum $1,000) can be made at the Land Transport Authority office at 10 Sin Ming Drive until 12.30 pr», Saturday. Successful bids are not transferable. The last tender exercise, for the SCU series,
        61 words
      • 99 12 SEAT sped ahead with strong growth in the first half. It registered 76,935 sales in Spain, up 30.5 per cent—double the market average of 15.4 per cent. In June, Seat was the best-selling make in Spain with 16,448 units —up 25.4 per cent and its
        99 words
      • 86 12 A 1.086 km leg-powered road trip to Haadyai, Thailand, has raised $140,600 for the Kidney Dialysis Foundation (KDF). Bike Aid, a cycling group, accomplished the long-distance trip—their fifth in six days in June. The group had set out to raisel2oo,ooo. In conjunction with Bike Aid's efforts,
        86 words
      • 110 12 GERMAN carmaker BMW Ag expects group financial performance this year to be better than last year's despite considerable adjustments required at subsidiary Rover Group due to the strong pound. The Munich-based group said in its interim report the slowdown in Asia will be offset
        110 words
      • 57 12 JAPANESE carmaker Nissan, on the other hand, continues to face difficulty. In the first half, vehicle production in Japan was down 14.5 per cent to 775,800 units. Overseas output dipped 1.3 per cent to 542,831. Domestic sales fell 14.2 per cent to 492,423 units while exports
        57 words
      • 95 12 EVER had a near collision with a vehicle in front because you thought it was slowing down when it was actually coming to a full stop? BMW is working on a brake force display to tackle the ambiguity. Based on the speed the brake
        95 words
      • 48 12 RENAULT of France has launched the Twingo 11, successor to the second best-selling A-segment car in Europe. The new 1.2-litre one-box small car is packed with a higher level of safety (pretensioned belts and variable pressure airbags, and new anti-lock brakes), and better comfort.
        48 words
      • 82 12 CALTEX has introduced a smart card that rewards customers with bonus points for purchases. Motorists will be able to redeem accumulated points for a wide range of gifts. The heat-resistant card can also be used as a cashcard to pay for electronic road-pricing charges as well
        82 words
      • 82 12 JUST when you thought one car is as electronic as the other nowadays, BMW is working on an integrated chassis management (ICM) system. While traction and stability controls prevent wheel slips and resist skidding ICM will make use of all options "to influence the longitudinal
        82 words
      • 112 12  -  Compiled by Christopher Tan COMFORTABLE cars are partly to blame for traffic jams, a transport studies expert from Leeds University in England implied. "As cars get more and more comfortable, more and more isolated from the congestion that they're causing, people are always happy
        112 words
    • 773 12  -  Electric vehicles still have a long way to travel before they hit our roads but govt and commercial bodies are working on it By i Christopher Tan [SINGAPORE] THE interest in electric vehicles (EVs) is mounting but the day when battery-powered carriages zip alongside
      773 words
    • 313 12  -  By Christopher Tan [SINGAPORE] A new road map has hit the streets and it could give the long-estab-lished Singapore Street Directory a run for its money. The new Where is marketed as "the street-smart street directory", and is put out by Metropolitan Publishing, the
      313 words
    • 635 12  -  COMMENTARY With ERP in place, other checks like excise duties, uplifts could be reviewed By Christopher Tan SAY what you will of Singaporeans. one thing's for sure they know a bargain when they see one. That's why, on the first day of electronic road-pricing
      635 words
    • 589 12  -  But CAC manages to cot Mercedes-Benz grey share to 7.7% from 13.7% By i Christopher Tan [SINGAPORE] Toyota distributor Borneo Motors is facing stiffer competition from parallel importers while Mercedes agent Cycle Carriage is enjoying a reprieve, latest statistics show. According to
      589 words

  • COMPANIES & MARKETS
    • 521 13  -  Gkew makes surprise appearance at EGM to throw oat fund-raising motion By Annette Pau CAM International Holdings' majority shareholder and former chairman Raymond Chew made a surprise appearance at the company's EGM yesterday to throw out a motion to inject funds into the
      FILE PHOTO  -  521 words
    • 332 13  -  From Eddie Toh in Kuala Lumpur MALAYSIA'S National Economic Action Council (NEAC) yesterday clarified that when it said "now is a good time to consider closing down" Clob International, Singapore's over-the-counter market, it was not saying that its policy was
      332 words
    • 789 13  -  HOCK LOCK SIEW R Sivanithy AFTER being out of the limelight for some time, Clob International is now very much back in focus. This follows the call earlier this week by Malaysia's National Economic Action Council (NEAC) that the Stock Exchange of
      789 words
    • 333 13  -  Rise in share value, trading volume not warranted By: David Boey [SINGAPORE] In response to recent speculative play on its shares, mainboard-listed ST Capital said yesterday that the acquisition and/or merger of new businesses is still under discussion. The finance
      Source: Bloomberg  -  333 words
    • 418 13  -  Average EPS of 23.7 US cents, down from 55 US cents poll By, Jennifer Lien [SINGAPORE] Creative Technology, which launches its much-touted Sound Blaster Live! card today, is expected to report a 57 per cent plunge in fourth-quarter earnings tomorrow morning. The sound-card maker,
      418 words
    • REGIONAL COMPANIES
      • 506 14  -  Size of interim loss surprises analysts; chairman warns of more retrenchments FYom Loh Hui Yin in Hongkong CATHAY Pacific Airways has slipped into the red for the first time since it was listed in 1986, losing a shocking HKSI7S million (5538.9 million)
        Source: Bloomberg  -  506 words
      • 177 14 MAINBOARD-LISTED Thakral Corporation has formed a strategic alliance with Cali-fornia-based LSI Logic Corporation to develop a kit that will allow the manufacture of cheap digital video disk players for the Chinese market. Thakral said the manufacturing kit is the first specifically optimised
        177 words
      • 194 14 [SINGAPORE] Asiamatrix Ltd's thrust into the healthcare sector has hit a snag it has been forced to review the terms of the proposed acquisition of four practices and the terms of a 10-for-10 rights issue for financing the deal. The company said yesterday that following
        194 words
      • 552 14  -  Firm says report of delay refers to another project Reports by Ronnie Lim [SINGAPORE] Singapore consortium Sembawang Gas* US$B billion (5513.8 billion) deal to buy Indonesian natural gas from West Natuna continues on track, senior Sembawang officials said, clarifying that a report last Friday of
        552 words
      • 410 14 [SINGAPORE] Sembawang, which is building a power station on Jurong Island and which plans to buy into Tuas Power (TP), has been talking to rival Singapore Power (SP) about supplying it with natural gas from West Natuna, Sembawang officials
        410 words
      • 306 14  -  Results dragged down by weak sales at Ayala Land Reports from, Al Labita in Manila PROFIT growth of listed Philippine giant Ayala Corp slumped in this year's first half as Asia's currency meltdown weighed down on the conglomerate's property ventures. Group profit rose
        306 words
      • 256 14 CUSTOMER build up has paid off for the listed Philippine unit of Singapore Telecom (Sing Tel), enabling it to show an interim profit for the first half after five years of frustrating losses. Globe Telecom, SingTel's tie-up with Ayala Corp, booked
        256 words
      • 242 14 [SINGAPORE] Small investors will receive 40.5 per cent the lion's share of manufacturing and engineering firm EnerSave Holdings' IPO, while investors who gunned for 100 to 499 lots were the next largest successful group, netting about 20.8 per cent of its offering. Investors
        242 words
      • COMPANY Briefs
        • 93 14 AFX-Asia [SINGAPORE] Informatics Holdings Ltd said Krislon System Sciences Pte Ltd and Edutech Holdings (India) Ltd have signed an agreement to form a joint-venture company to operate computer training schools in India. The joint-venture company, to be named Edutech Informatics India Pte Ltd, will have
          AFX-Asia  -  93 words
        • 40 14 AFX-Asia [KUALA LUMPUR] Telekom Malaysia Bhd will invest 3.3 billion Malaysian ringgit (Ssl.4 billion) ova: the next two-and-a-half years to provide customers multimedia products and services, the Bernama news agency quoted the company as saying. —AFX-Asia
          AFX-Asia  -  40 words
        • 34 14 Reuters [KUALA LUMPUR] Malaysian multinational Sime Darby Bhd yesterday said former civil savant Ahmad Sarji Abdul Hamid has been appointed the new chairman of its board of directors. Ratten
          Reuters  -  34 words
        • 34 14 Reuters [KUALA LUMPUR] Malaysian civil engineering contractor and property developer Cygal Bhd said yesterday that it and three subsidiaries had aaked a court J for protection from creditors. —Reuters
          Reuters  -  34 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 649 15  -  Bank's results more resilient compared with rivals in Airftj say analysts From Quak Hiang Whai in Hongkong LONDON-LISTED Standard Chartered pic yesterday unveiled a creditable set of interim results net profit fell 9.8 per cent but the banking giant, like many of its
        649 words
      • 340 15 Bloomberg [MORRIS TOWNSHIP, New Jersey] Allied Signal Inc made an unsolicited bid to buy AMP Inc for U5544.50 a share, or US$9.B billion (5516.9 billion), after shares in the world's top maker of electronic connectors failed to recover from blows dealt it by Asia's
        Bloomberg  -  340 words
      • 669 15 Regulators fear a single big swoop of over 10% drop may be unnerving NYT [NEW YORK] What will happen when investors return for a second act much like Tuesday's huge sellofT? The answer: trading will not be halted, as it was last Oct 27,
        NYT  -  669 words
    • FINANCE & COMMODITIES
      • 349 16 Move allows banks, thrifts to count the full value of servicing assets as capital Bloomberg [WASHINGTON] US banks and thrifts won greater flexibility in using mortgage servicing rights as part of the capital reserve required to guard against unexpected loan losses. New
        Bloomberg  -  349 words
      • 167 16 Bloomberg [LONDON] Goldman, Sachs Co was the most successful adviser on European mergers and acquisitions in the firsthalf amid a surge in transactions in the banking and financial industry, Acquisitions Monthly magazine said. Goldman advised on 38 transactions worth £37.8 billion (*****.1 billion), topping Morgan
        Bloomberg  -  167 words
      • 418 16  -  It'll probably launch a European equities fond, say sources By\ Shiv Taneja [SINGAPORE] Fund manager Henderson Investors, best known for its global technology fund which has seen blockbuster returns this year, plans to launch at least one more unit trust before the
        418 words
      • 342 16 US states lannch anti-trust probe into restrictions Bloomberg [WASHINGTON] A group of US state attorneys-general have opened an investigation into whether new debit cards being issued by Visa International Inc and MasterCard International Inc will harm competition. Eleven states, including Ohio, California and New
        Bloomberg  -  342 words
      • 229 16 Reuters [WASHINGTON) A new-look US$2O bill (5534.50) designed to thwart high-tech counterfeiters goes into circulation next month, the third in a series of hard-to-copy notes. Treasury Secretary Robert Rubin said the new bank note would be introduced on Sept 24, although it could take time for it
        Reuters  -  229 words
      • 241 16 Bloomberg [SAN FRANCISCO] BankAmerica Corp chief executive David Coulter could collect severance pay of US$29 million (Ssso million) or more after his bank sells to NationsBank Corp, even if he leaves voluntarily, the banks said on Tuesday. Mr Coulter's employment agreement, which takes effect when
        Bloomberg  -  241 words
      • 200 16 Kim r; a Report Reuters [SINGAPORE] Simex Euroyen futures were off their highs yesterday but dealers said prospects for further upside was poor on concerns about a possible liquidity crunch. "I believe the cash rate will be bidding up as September draws closer.
        Reuters  -  200 words
      • 184 16  -  MSCI TAIWAN FUTURES Cecilia Loh Cecilia Loh, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures continued its downward momentum, plunging for the ninth day, registering a loss of 4.20 points. The stock index declined 93.41 points, to its lowest
        184 words
      • 240 16 ENERGY REPORT Bloomberg Reuters [NEW YORK] Crude oil rose on speculation that worsening relations between Iraq and United Nations weapons inspectors could lead to a disruption in Iraqi oil exports. Talks between top UN weapons inspector Richard Butler and Iraqi officials collapsed
        Bloomberg; Reuters  -  240 words
      • 289 16 AFP, Reuters London THE dollar, which earlier fell two pfennigs against the German mark and one yen, remained weak but was off its low point thanks to the firmer Dow. The risk for the dollar from a weak Wall Street is that a sell-off by international investors could
        AFP,; Reuters  -  289 words
      • Article, Illustration
        1084 16 DtTEEBAMK CE08S EATES a—ft, tcv —ffi—0" ny>w> m m m a m s* m a*t *•< ua o .W7 6.178 0.548 16* 1079 ***** 78*4 0J77 75W 2213 IMS SUM £SZ 1050 3.761 0.907 20.*****J49 0272 1409 r2?* A A 20 1169 5.120 28.*****.242 0.950 1345 2.731 1279 ***** 27J76
        1,084 words
    • 1513 17 S1C0M FUTURES Aug 5 RMEI (Mwm d«to|« <t SJOPM) ISSI CONTRACTU cMbAf) Oom VoftHM Opon Noott Hjflfc low Sott (tooaos) hitorost Sop9« 113.00 490 Oct* 113.25 200 1450 NoV 98 U150 1450 Doc 114.25 1475 Joo/Mor 99 116.75 2025 Apr/Jon 99 121.00 1950 JoV5op99 125.50 RSS 3 CONTRACT
      1,513 words
    • 2010 17 Ma striata *H» Nect 31 Croup 546.400 -11.600 AB Ports *****0 -6.400 National 1097.000 -28.000 AIM Domecq 558.000 -2.400 Arn 160.000 -5.000 Aid* Group 190.000 unch BAT InO 649.400 20.600 BCP1C 380.000 9.600 BJCC-- 123.000 -2.000 BOC Group 745.000 -21.000 BR Petroleum 786.000 -26.000 BTR 158.200 1200
      2,010 words
    • 1663 17 Bloomberg Q Nikkei 225 -3L42 SHARES were little changed as losses by exporters on Wall Street's tumble were offset by gains by banks and steelmakers on signs that the government may offer greater-than-expec-ted tax cuts. "It's a tug-of-war between nagging concerns about the US and the government's encouraging steps
      Bloomberg  -  1,663 words
    • Article, Illustration
      1452 18 Reuters Q Hang Seng -***** STOCKS closed lower yesterday after Wall Street's overnight tumble and succumbing to the pull of index heavyweights, brokers said. The Hang Seng Index fell 114.37 points to finish at 7,466.43. Turnover was HK54.95 billion. "Hongkong Bank and China Telecom dragged the market down," said
      Reuters  -  1,452 words
    • Article, Illustration
      643 18 Reuters QShenzhen Blndex +160 CHINA'S hard currency B shares surged yesterday as the top securities regulator talked up the market and rumours swirled that Beijing would soon unveil policies to boost prices, brokers and analysts said. Shanghai's B Share Index ended up 2.66 points to 31.24 after finishing at
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  643 words
    • 343 18 AFP pwp Index -93.41 TAIWAN stocks slipped yesterday, taking the key market barometer below the psychological 7,500-point level, after the overnight plunge on Wall Street, dealers said. The Weighted Price Index dropped 93.41 points to 7,499.73. "The plunge in US stock market was the key factor dragging down the
      AFP  -  343 words
    • 251 18 AFP n Wellington -3174 STOCKS fell 1.8 per cent yesterday after climbing off their lows following Wall Street's biggest plunge so far this year. The NZSE-40 Index was down 36.74 points to 2,044.28 on turnover of NZ$lOO.4 million. Auckland International Airport Ltd was steady at NZS2.IO.—AFP «i» mm ANZ
      AFP  -  251 words
    • Article, Illustration
      769 18 AFP Q SET Index -3J7 THAI share prices dropped 1.5 per cent yesterday in line with declines in regional markets and following the sharp fall on Wall Street overnight, analysts said. But the Bangkok bourse closed off earlier lows following an announcement by a senior central bank official that
      AFP  -  769 words
    • 409 18 AFP P Composite Index -1037 SOUTH Korean share prices closed yesterday lower on renewed concerns over the region's weak economic fundamentals and a steep fall on Wall Street, dealers said. They said the decline in Hongkong's market also affected local shares, although prices closed off their lows on late
      AFP  -  409 words
    • 588 18 AFP PAilOrdmrks -42J SHARES fell yesterday, but brokers described the drop as a fairly resilient response to Wall Street's dive overnight. The All Ordinaries Index fell 42.1 points to 2,640.2, paring losses after having dropped 2.2 per cent by midsession. The All Industrials shed 81.9 points to 4,644.6 while
      AFP  -  588 words
    • Article, Illustration
      727 18 AFP Q Composite Index -1&57 SHARES dipped 4.2 per cent yesterday following an overnight plunge on Wall Street and amid weakness in regional markets, dealers said. "As you can see the market was slipping following results on Wall Street," a dealer said. The Composite Index stood 19.57 points lower
      AFP  -  727 words
    • 299 18 AFP P Manila *13 PHILIPPINE share prices closed 0.9 per cent higher yesterday due to a technical rebound after a sharp fall during the previous session, analysts said. The Philippine Stock Exchange Composite Index rose 13.31 points to 1,524.75 points. Volume rose to 545 million shares worth 738.8 million
      AFP  -  299 words
    • KUALA LUMPUR STOCK MARKET
      • 395 19 AFP □Composite Index -6J5 MALAYSIA'S key stock index ended down yesterday in the absence of buying interest amid concerns over funding for the government's recovery plan, dealers said. Financials took heavy falls also on funding concerns for the company set up to recapitalise
        AFP  -  395 words
      • 8436 19 MOUSTRMLS Cnhmt products 1998 Last VI Day Nat Cap Hm> L— C imp any W> 'OOP >■» Law P/l frn8 310 175 AJinomoto 175 -15 22 180 175 9.7 70.9 14* 40.5 Angkasa 42.5 -0.5 17 42.5 42 1.0 62.7 290 123 Apollo Food Hlg 138 4.8 55.2 388 169
        8,436 words
    • WARRANTS & OPTIONS
      • 3323 20 BONOS, LOANS i WAMANTS m 1998 Last Vol Day Last Ouott Avg High Low StM Company Sato +or COOP) High Low 8<jy.r Mar Prka 23.5 9 m 3000 m AMDB c5 5******6 9 0.5 2 9 9 9 12.5 20.5 4 3160 'Acar W*****1 USS 4 0.5 9 4 4
        3,323 words
      • 181 20  -  WARRANT WATCH -By R Sivanithy VOLUME in the warrant sector has almost disappeared every day, only a handful of warrants actually see any trades. Teledata's warrant, however, yesterday enjoyed turnover of 160,000 units, suggesting that a modest amount of accumulation is going on. When we
        181 words
    • 2253 20 Transaction date Aug 5 Or Or 1990 Last Vat Day Last Ouata Mv Mv VM Nat M Cap Law Stna Campany Sat* OOP) Um »«yar S—ar Cw W <33 28 ms5QOO AI5850C 34 1 24 34 33 34 si 30 3J 3.1 143 3<9 65.5 II mJ 5001
      2,253 words
    • 6197 21 Transaction date: 5 Qf Qf M Wt 1998 Last Vol Day Last Quota (Mv Otv YM Nat Cap Avg High Ln StNo Company Sal* (OOO) High Lew Buyer Seller jC'w P/I »m* Mca INDUSTRIALS 43 12.5 a 1020 ACE Dynamics20c... 18.5 *1 58 18.5
      6,197 words
    • 1197 21 b*? Last Oust* w« M. N<t Cap A™ LO S,H<> Company >«• (OOO) High Uw Buyar Sotor Or P/t SmH Prtc. >34 SO 2000 ABRHIdgsSC 79 J8 7 I I I TT. 2 ?®j 9 A Auto10t 58 "3 *1 60 58 58 58.5 15.0N 7.0 2.6 5.5 66.2
      1,197 words
    • STOCK EXCHANGE OF SINGAPORE
      • 220 22 Stacks Volume ST Capital 25c 10.434,000 Pai*ac Media 5 6,592,000 MOB Foreign 4,2%,000 OUB Foreign 3,670,000 TAC BttO 200 3,479,000 •M Resources 3,478,000 DBS Foreign 3,415,000 NatSteei 50c 3,149,000 Gokftron 20c 3,055,000 ST Engg 10c 3,011,000 Stidu S DBS Foreign 31.844,247 UOB Foreign 22,934,930 0C8C Foreign 16,494,851 OUB Foreign 12,534.035
        220 words
      • Article, Illustration
        68 22  -  -by Shiv Taneja TOTAL Access Communications closed four and a half US cents lower yesterday at 90.5 US cents on a volume of 3,480 lots, compared with its 10-day traded average of 4,600 lots. The counter is well below the 25 level but in the near term, it
        68 words
      • 648 22  -  STOCK MARKET COMMENTARY Banks continue to get support while property stocks fall farther; SIA biggest index loser By R Sivanithy [SINGAPORE] Wall Street's 300-point or 3.4 per cent plunge overnight took its toll on the local market yesterday, with prices closing
        648 words
      • ON THE GRAPEVINE
        • 115 22 FANS of Chin Ean Wah (we assume that she assumes there are some) need not fear losing touch with her while she takes time off to, in her own words, "fulfil a personal desire and obligation to participate more directly in the rebuilding of Asia". The
          115 words
        • 124 22 DESPITE having to report the worst of news, it's refreshing to know that analysts haven't lost their sense of humour. Here's a giggly one based on the excellent results released' from the 1998 MOE survey of public toilets: "We shall be revising their forecast for
          124 words
        • 168 22 TWO things happened on July 9: there was a full moon, and there was a free-fall In American stocks. And last September, Henry Weingarten, who sees market movements based on astrology, predicted an Asian crisis because of a lunar eclipse over the region. He's not the
          168 words
        • 65 22 EVEN Singapore prisons are now going high tech. The Prisons Department is investing $9.5 million on a PMS (Prisons Management System) 'to enhance prison operations and improve efficiency in the management of prisoners", according to a National Computer Board newsletter. One has to wonder whether the high-tech prison
          65 words
        • 75 22 IT'S a tough time for everyone in the sales line these days, not just for developers who are throwing in Florida holidays, Mercedes Benzes and condominiums. One young insurance agent has even resorted to being at the car park of a country club past 10 at
          75 words
        • 71 22 AT CAM International's AGM and EGM yesterday, one shareholder wanted to wave his hand the traditional way when asked to vote but had to settle for yellow (voting) cards. This prompted the remark that it might have well been more appropriate to wave a red card (in
          71 words
  • Page 13 Advertisements
    • 57 13 T T"I2~ U JV PROPERTY FINANCE FROM SINGAPORE. For further information, please contact either Joyce Tan, Eileen Tan or Amy Wee at Tel: (65) 225 1233 and Fax: (65) 225 8013 Highly Competitive Interest Rate Fast and Convenient Service Flexible Loan Package Pre-purchase Approval yi£ The Royal Bank of Scotland
      57 words

  • Page 14 Advertisements
    • 72 14 >®^r Barely hand-wound movement beats imerringly within a yellow or white gold case's purebred slimness. Les Essentielles, by Vacheron Constantin. Discretion in space and time. *<- VACHERON CONSTANTIN The worlds's oldest watch manufacturer Geneva, since 1755 Authorised Retailers Cortina Watch Tel: 339 9185 Roy Eaatarn Wateh Tel: 734 1935 Sincere
      72 words

  • Page 15 Advertisements
    • 718 15 Islamic Banking Finance: I Towards A Global Vision 5 5 I Over 130 banks and financial institutions worldwide are practising the I 1 < principles of Islamic banking;and finance. These institutions now manage I ■■■■I K more than US$BO billion which is growing at an annual rate of nearly 15
      718 words
    • 270 15 V rWM. 4^-- --J& Singapore's one and only duck restaurant at Hotel Negara Daily Early Diner Specials It pays to dine early at The Drake! For you enjoy a whopping 30% discount off our exotic A la carte menu in the golden hour between 5:30 pm and 6:30 pm. Dish
      270 words

  • Page 16 Advertisements
    • 111 16 NOTICE IS HEREBY GIVEN that, I Ng Seng Huat of Blk 181, #02-462 Boon Lay Drive, Singapore *****1, have applied for a Retail Liqour Shop Licence in respect of M/s Ng Teck Huat Heng Kee located at Blk 175, #01-332 Boon Lay Drive Singapore *****5, and that this application will
      111 words
    • 17 16 Your Sunday reading is not complete without Cats' Mews Check it out in Sunday Classified this weekend.
      17 words


  • Page 18 Advertisements
    • 117 18 JIA Montblanc's Ngee Ann Cify boutique is JIM celebrating its slh birthday in August. For proud m t:.i IU owners of exquisite Montblanc pieces, a A Vk rare opportunity to acquire another Montblonc /X AWI 1/f IA C/ T A W s P ec a P r v 'l®g®s Just
      117 words

  • Page 19 Advertisements
    • 9 19 I business^ TURN TO PAGE 22 FOR MORE NOTICES
      9 words
    • 110 19 NOTICE IS HEREBY GIVEN that, I Stanley Ng Choong Hui of 26 Nim Road Singapore *****4, have applied for a Public House, First Class (Extended) Licence in respect of M/s Q Bar Pte Ltd located at 9 Raffles Boulevard, #01-03 Singapore 0395%, and that this application will be considered by
      110 words

  • Page 20 Advertisements
    • 69 20 Citibank Margin Trading Account Trade up to 2.5 times your share value or withdraw CASH on it. Call 339-7126 now. THE C IT I NEVER SLEEPS II l" «l 111' lII' n .11: I Xlitll I ii n .i 2lt S 11 lili.l i 11 Kii.i il 2 1 I||
      69 words

  • Page 21 Advertisements
    • 32 21 buv we ysau finance Hotline: 320 0168 Homes Cash Deposits Investment Car# .AngMoKio Tel 458 4222/4333 m 1459/1610 I mkM c'' 'East Coast Tel 348 8262/8263 P eS Equipment Construction Factoring i
      32 words

  • Page 22 Advertisements
    • 1066 22 BUSINESS Xot/CCS To adVl'itisc call (oil-live INOO-741 1883 NOTICE IS HEREBY GIVEN that, I Rajalingam V. Amerandar of Blk 104 Jalan Rajah #03-59, Singapore *****4, have applied for a Wholesale Liquor Shop Licence in respect of M/s Vera Partners located at 144-D Mackenzie Road Singapore *****9, and that this application
      1,066 words
    • 632 22 NOTICE IS HEREBY GIVEN thaCTTiang Ong Peng of 872 Upper Bukit Timah Road Singapore *****5, have applied for a First Class Beer House Licence in respect of M/s Peking Room located at 49 Tanglin Halt Road #01-365 Singapore *****9, and that this application will be considered by the Liquors Licensing
      632 words

  • SHIPPING TIMES
    • 327 23 Bridge News, Reuters A COUPLE of handy-sized grain cargoes have been covered, but generally trading remains at very low levels. TANKEBSc Late trading was sluggish with few cargoes to cover. Aframax rates in the Caribbean are 1 or 2 points higher but remain weak at about the ws
      Bridge News,; Reuters  -  327 words
    • 277 23 ms a m CWT Distribution 0.32 Choan Hup 0.38 -0.005 137 Cmco Invastmant 0.495 Fralght Links 0.165 -0.005 334 GBHoMlngs 0.21 Hal Sun Hup 0.40 -0.02 93 Hitachi Zosan 0.54 -0.005 17 IMC Holdings HK 5.6 Jay* Holdings 0.40 Jurong Shipyard 7.55 -0.05 29 KappalCorp 2.41 -0.08 421
      277 words
    • 571 23  -  SnperSt&r Leo and Mega Star Asia will be based at S'pore Cruise Centre By\ Felix Chan [SINGAPORE] Come October, the Singapore Cruise Centre (SCC) will be home to Star Cruises' flagship SuperStar Leo with the cruise line's high-end luxury cruise ship Mega
      FILE PHOTO  -  571 words
    • 259 23 Bloomberg [MIAMI] Carnival Corp, the world's largest cruise-line operator, said it ordered construction of two ships modelled after its most profitable vessel, the Carnival Destiny, for US$45O million (***** million) each. The two 102,000-ton ships will be the fourth and fifth on order modelled after the Destiny.
      Bloomberg  -  259 words
    • 650 23  -  SHIPSIIAPTS By: Marcus Hand WILLIAM Cronin, port sales manager with the Port Authority of New York and New Jersey, joined shoreside operations some 30 years ago when his hopes of becoming a ship captain were dashed by the advent of containerisation. Mr Cronin
      650 words
    • 390 23  -  From Rajendra Bajpai in New Delhi PSA Corporation of Singapore is among three international port developers which have expressed interest in upgrading and operating a container terminal at Madras, officials said. PSA, Hutchison Port Holdings of Hongkong and P&O Ports of Australia
      390 words
    • 272 23 [PHILADELPHIA] Kvaerner ASA said it has begun converting the Philadelphia US Naval Shipyard into the company's first US shipbuilding facility, a US$445 million (*****.5 million) project. The London-based shipbuilding and construction company said it began demolishing buildings to make way for a shipyarded cargo.
      FILE PHOTO  -  272 words
    • 1015 24  -  OBITUARY Henri Ziegler started some of Europe's most ambitious postwar projects, including the Concorde and Airbus By, John Tagliabue [ROME) THE world of aviation saw the passing of a legend with the death last month of Henri Ziegler. A trained pilot and commander of the
      FILE PHOTO; NYT  -  1,015 words
    • 234 24 PAGE Danveron 4 ACL 9 Diak Lloyd 9 ANL 3 Dongrwma 3 Accord 8 5 Appenship 5 Evergreen 6 Astro 3 foonqSun 8 Austral 9 CLink 4 BSA 7 Gemartrans 8 Bayswater 6 Genshpg 9 B tarvq Mas 8 HaiSunHup 8 CCNI 7 Hangli 9 CMA 9
      234 words
    • 26275 32 THEBUSINESSTIMES thebusinesstimes EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyeqe Telephone SIN Destn Name Name Number Number SIN Dest'n Name Name Number Number |00|0W0®NBI0NN0MNMBMBNM00NNBWNMNN0NNNBNBN0NINMBNNNINI0l 13/08 03/09 COSCO EMPRESS HEAVEN 0065W *****1900 A 8/0< 02/09 Saferoute HYUNDAI INFINITY 304W 65-*****22 t i D .n .lutiolOOAl
      26,275 words
    • SHIPS IN PORT
      • 681 37 V«s«l Voy Wo Berth Arrival Departure JWMf M 001 JU alongside 0706/0000 »f mum Re 9818 J02 alongside 05 06/2000 Bt 8u(y)j A mo *****6 J01 alongside 07 06/1200 Bt MeAar *****8 J01 alongside 06 06/0900 Bt Pafcndo J *****8 J01 alongside 05 06/1530 fit Pu T»tor2 Aikj5
        681 words
      • 1744 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclnq/bUnct Rstls swp Voy No Etb/Btr Ptrkx) From To From 7 «moo m, 05/1900 f. 05/1459 05/1900 ti 04/0459 04/0900 1 £222, 0fc 2* 5 06/0900 04/0700 04/1159 04/1400 4 04/1200 04/W59 04/1700 62 m Otfert M 05/1500 05/1459 OS/WO
        1,744 words
      • 191 37 Aug 10. Singapore: National Day Holiday. South Africa: National Women's Holiday. Aug 12. 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:
        191 words
      • 1006 37 THIS report, compiled by Cockett Marine Oil Ltd shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on average sized stem Market movements are indicated The Cockett Bunker Price Index change and Ihe
        1,006 words
      • 490 37 i.iwin Urbon 180 Max 993.1 0.9 16.7 010 72 0 07 30 Density Water Residue Ash Alwiwlnlum Sediment No above E25 4 0 10 0 0 0 m/m 380 Ave 986.8 0.3 16.0 0.08 24 0 03 %v/v y/u *L*m 380 992 8 9 »-0 O.n
        490 words
    • AIR & LAND TRANSPORT NEWS
      • 433 38  -  Aussie carrier to sell 25% of seats on S'pore airline's 55 weekly flights By. Felix Chan [SINGAPOREJ Fresh from receiving the green light from Australian anti-trust authorities, Ansett International's first major link-up with alliance partner Singapore Airlines (SIA) would soon see it selling 25
        433 words
      • 201 38 AFP [MANILA] Loss-making Philippine Airlines (PAL) has picked a US consulting firm to act as financial adviser in the carrier's rehabilitation plan, a local business daily reported yesterday. The LEK/Alcar Consulting Group was chosen by PAL to oversee the airline's rehabilitation programme
        AFP  -  201 words
      • 240 38 AFP [LONDON] The US aerospace giant Boeing was to announce yesterday that it is building its first flight training centre outside the United States at one of the London airports, the Financial Times reported. The president of Boeing's flight safety arm,
        AFP  -  240 words
      • 91 38 AGANA, Guam] File photo shows members of the National Transportation Safety Board (NTSB)and US military personnel investigating the wreckage of Korean Airlines Flight 801 on Nimitz Hill in Guam. A year after the Korean jet ploughed into the lush hillside on the Pacific
        AFP  -  91 words
      • 604 38 Washington Post (WASHINGTON] Federal Aviation Administration managers and air traffic controllers have turned a training programme into a "popular perk" for free travel to resorts and vacation destinations, the Transportation Department inspector-general said. The employees have used the training
        Washington Post  -  604 words
      • 60 38 [SHRE VEPORT, Louisiana) Production resumes at the General Motors assembly plant in Shreveport Louisiana on Tuesday. Plant workers were laid off for nearly two months because of a recent strike by United Auto Workers union member* at other GM facilities. The 2,800 workers at the
        REUTERS  -  60 words
      • 167 38 AFX-Asia [HONGKONG] China Eastern Airlines Corp Ltd said it has set up a cargo joint venture with China Ocean Shipping (Group) Co. CEA said the registered capital of the joint venture, China Cargo Airlines, is 500 million yuan (*****.5 million) with CEA taking a
        AFX-Asia  -  167 words
      • 495 38 It did not set aside USsl29.sm in damages handed down by federal jury Bloomberg [GOTHENBURG, Sweden] Volvo AB. Europe's seventh largest car maker, did not set aside money to pay U*****.5 million (*****.1 million) awarded to Puerto Rican customers claiming
        Bloomberg  -  495 words
      • 1721 38 OW FU6WT CM FU6MT CTB LH778 1610 0f05 2235 AdeMd* BA7381 1930 BA7382 2055 ****** 1610 IH6373 2350 Of81 1930 0F82 2055 ****** 1610 S026 2350 S0229 2220 0F06 1845 LH779 2359 AmstordMi *1843 0450 KL838 2300 MZ4579 2359 S023 07W S024 2320 SQM06 2359 KL837
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  • Page 23 Advertisements
    • 17 23 Death of an aviation pioneer Henri Ziegler started some of Europe's most ambitious postwar projects. Page 2
      17 words
    • 114 23 Ansett, SlAplan code-sharing pact Aussie carrier to sell 25% of seats on S'pore airline's 55 weekly flights. Back Page Advertising in Turbulent Times Are you qetting the REACH« as promised? shipping times GUARANTEES "48,000 daily circulation! In Singapore, when you want to reach out to a select target audience in
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  • Page 24 Advertisements
    • 593 24 1 SUPER SHUTTLE EXPRESS [GULF KARACHI EXPRESS (QKX) VtSSa VOTAC< I 161 SIM VESSft VOY I JEA MM MM MO KAR (01 PIG SM OOCL BRITAIN 17W529 22/07 09/08 OOCI AMERICA 27W530 29/07 16/01 MYK VIRGO 101 12/07 24/07 24/07 24/07 31/07 04/00 04/06 09/06 n*™ 05/06 23/06 PtO NEDUOYD
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    • 94 24 A SANKYU (S) PTE LTD W 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAW PORTS Hona Hand M, AM China Port* tEVERY THUR ft MN YE—ELI VESStL VOY HP SIN ETA TYO ETA KOI ETA Y0« ETA HGO ETA OSA
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  • Page 25 Advertisements
    • 1024 25 1 SAX StRVKE (DIRECT) vpsa vdt sum lux I oak pal hou cm ax waw |<n I ktc ATI TURQUOISE OIK 12/06 27/01 31/08 31/06 01/09 01/09 02/09 02/09 03/09 03/09 ausamomyx oost 19/00 03/09 o;/Q9 07/09 00/09 07/09 q>/09 00/09 09/09 09/09 mvmmum 0191 26/00 10/09 14/09 14/09 15/09
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    • 356 25 VESSEL VOY SIN l*G m SIN H«G KEL US* PUS JUL VESSEL VOY SIN JKT KMTC PUSAN —gffjP JhM-M-ffilßi ggg* m_ W/00 11/00 IIN 12/00 16/00 11/00 20/01 21/08 KMTC HONGKONG BOSS "2S/S" foTlf 21 Ml ?1M KMTC ULSAM IDS 14/00 21/00 Txtt 25/ M 24/08 m MM. BM4! 81
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  • Page 26 Advertisements
    • 1138 26 DSR-SENATOR UNES TO UK/CONTINENT TOREDBEA/MEDITERRANEANCANADA VESSEL VOT "siT" UH HTM ANR HAM WW FU VESSEL VOY SM *0 Off 3ft FOS W.C MTR tradeeternity wans 0700 no* n.n vat not mm wnsina wtux mm 17m moo not rrm mm mm HANJW BAACELONA WNO33 11 00 itH MM UN KM MM
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    • 871 26 S®U:(OO4)*****9 (682) *****67 SURABAYA: (31) *****0 WON: (61) *****3 KUCHING (082) *****1-3 XIN6AN6 PORT KELANG/PENANG MV "KOTA HARMUNI" V.HNII6S ETA SIN: 08/08/98 MV JARU BHUM VMB7 ETA SIN: 11/08/98 HAIPHONG CANADA MV "MEUNH" V.E3188 MV "HANJIN ELIZABETH" V.033E ETA SIN: 08/08/98 ETA SIN: 09/08/98 HONGKONG HAM/FXT/RTM MV ''ORIENTAL BAY" V.14EC29
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    • 430 26 LINE Br A miiiuMtnxiisiiiii MUARA LABUAN vtssa voy rro ru vissa vor no n» SPOM MUARA SKttE UN APWOOtY V2OI/98 08/08 11/08 AMUOOtY V2OI/98 08/08 12/08 JJMSPB V2OI/98 13/ OS 14/08 inKKrat V2OI/98 13/08 17/08 AH*GU*Y V2IE/98 17/08 20/08 ANtGUHY V2II/98 17/08 21/08 IPWSKH ¥711/98 23/08 28/08 J- «OVB V2II/98
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  • Page 27 Advertisements
    • 1457 27 VESSEL VOY SIN PGU PKG PEN PQB PUB SHJ BA BIK IRAN HESABI PJL 1304 20/07 00/08 07/08 07/08 08/08 IRAN TAKHTI PJL 1300 11/08 10/08 20/08 20/08 21/08 IRAN TEYFOURI PJL 1304 10/08 27/08 28/08 28/08 20/08 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES I.E.
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    • 1856 27 DIRECT TO ISRAEL 1 IN 13 DAYS EVERY THURSDAY I S'iwmifmin »S""ITO*WAT 1(L 2261W0 FAX: *****08 OUTWARD (l/l) :«205»02 JOHOHtOffKI: Ia U717«252 *****41/43 INWUD Mr (0/01 *****65 COSTAR AGENCIES (M) SDN BHD SX/WO4E El S, 1W"1 M W SHE »«o IU SHA HKG RFI FROM: U.S. EAST COAST/ISRAEL ttmmß/tlO;# 2/2
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    • 615 27 EASTERN CAR UNER, LTD."Tt l si 7*' Lfcj ta (StHGATOKQ Pit LTD .XSJEL 1 SPECIALIZE IN RORO HEAVY UFT UPTO 122 TONS ECL (SINGAPORE) PTE LTD LOADING FOR YANGON/HALDiA COLOMBO/CHITTAGONG MV "TERESA PRESTIGE" V.19 MV "KEISHUN" V.78 ETA SIN 07/06/98 ETA YGN 12/08/98 ETA SIN 09/08/98 ETA CCXOMBO 14/08/98 ETA
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  • Page 28 Advertisements
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      1,664 words
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  • Page 29 Advertisements
    • 418 29 BSA it *mm MYANMA pHBk FIVE STAR LINE (MyoNnar Naticad Lhio) Loading for YaiigoN (Rangoon) VTSSfI VOY SM PKL PIN PGU SITTWI lIN SU PATNHN I SOW 00/00 MALAYSIA AGENTS: OOUSTEAD SMPPMG AGCNCKS KUL TH (03)2417)00 PKL TH (03) *****01 PEN: TH (04)*****02 PGU: TQ (07) *****21/4 BANK LINE (A
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    • 1070 29 HMNE* HYUNDAI MERCHANT MARINE CO.. LTD. NOAMAZOMTI 017W 06/00 24/01 29/5o 26/ So 27/00 HUnLwnnOtt Int Ij/07 li/£; TcSf ULORK S22W 07/01 20/00 19/01 23/ M 2S/00 MH 7/W l«/ 0? ?/2J U/#7 KTGWHUi 313W 10/00 20/01 27/00 29/00 01/09 MW UN »/07 \\'%i tTm, 14/W ELM MOW 13/00 31/00
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    • 1035 29 nac>Mvg/ar jpabafead oukxamtn S^S^JHv£S £LWS£/v TO NORTH AND LATIN AMERKA "RORO HEAVYUFT SERVICE" VOY RAMf HBGWT SIN LAI Clt MIA SAY OAL OtF WYC NfW MOO SC!!* I" 6 400fc 6JM 16/ M 10/09 1«/ M 22/09 24/09 ~UjWW7W 28/09 03/10 04/10 J™* 43,1 26/ M 11/09 M M/ 10
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  • Page 30 Advertisements
    • 1903 30 BANGKOK/ MAP TA PHUT/ LAEM CHABANG J AK ARTA/PANJANO VESSEL VOY I SIN BKK MTP LC~ VESSEL VOY I SIN PJ XETHA BHUM 244N In Pt 09AM GURU BHUM 89SB taPt 09/08 MATHU BHUM 375N 06/06 12/08 11/06 DEJA BHUM 750S 06/06 ia/06 ACX JADE 26N 09/08 12/06 13/08 ANRO
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      35 words

  • Page 31 Advertisements
    • 415 31 INDONESIA NATIONAL LINE TO EUROPE I EXPRESS SEMI-CONTAINERISED SERVICE "m VOY I S'POM A OAM/R DAM H BURG BREMEN ANTWERP AVflltt 20/18 25/10 OMIT 05/11 TO AUSTRALIA ~T FULL CONTAINER SERVICE Ua Ivor fPn SJN I Fflf BK SYD Mtl HBA Ad fflt fiii |kmo>w|~ im» n« 2 bob flO
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    • 885 31 VESSELS VOY I SIN I JED I MLA LEH HAM THP FITW ZEE VK-LE DE MIMOSA V27W 06/06 tVOB IftfOß 24/08 28/Q6 27/06 26/06 28*06 VILLE DE TANYA T27W 10/06 19/06 24AM 29/06 31/08 02/09 02/09 03/00 V»U£ DE TAURUS A27W 17/08 2M» 31/08 06/09 07/09 06/06 gg 1(M» WXE
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  • Page 33 Advertisements
    • 57 33 V 3 VmTav Dial 740-6000 on demand! —(Retrieve more schedules!) Press "V CT JCV Select the port and key in s the four digit code eg: To New York (NYQ 2275 Key in your fax number I your phone number 1 Another innovative service offered by rTr /A The dOCUITient
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  • Page 35 Advertisements
    • 43 35 (Retrieve more schedules!) Press "1" --JC\ Select the port and key in S»Mbl the four digit code —eg: To New York (NYC) 2275 Sl £> Key in your fax number your phone number Another Innovative service offered by document Will be shipping Times t-
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  • Page 37 Miscellaneous
    • 106 37 LEGEND R Thunderstorm Temper oture >C\ V Shower We ,her r( Wir, d direction with speed in knots Rom Cloudy Sky Wove height Surfoce winds ore indicoted by orrows whkh fly with th. wind X e fu C rCl<f repr n,i co,m or light ond vonoble wmds j One h„.f
      106 words