The Business Times, 11 August 1998

Microfilm: NL21219
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, AUGUST 11, 1998
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  • Article
    MARKET SUMMARY
    52 1 STOCK HAKKET INDICES Monday Change KLSE COMP ***** -10.77 NIKKEI 15,***** 102.75 HANG SENG 7,***** +1611 SET INDEX mum tfj iMAWTA COMP 421.17 -2.44 MANILA COMP _U2766 -21.06 TAIPEI WP! 7J72.12, -1571 SEOUL COMP S11J6 136 CLSA CHINA B ***** -1*88 AUSTALLORD 1§07.4 -1.6 1.00pm EDT Change DOW
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  • Article
    FINANCE
    78 1 FOREX BATES us* ss us$ 1.747 £(US$/S$ per 1.631 1849 DM 1.770 0.987 YEN 145J 1500* RM 4.180 0.418 HKS 7.760 0.226 BAHT 41.98 0.042 RUPIAH 12,860 0.014 St to ItO units rams BATES SINGAPORE* 788 KUALA LUMPUR 11J0 JAKARTA la. W BANGKOK 14.75 MANILA TfM HONGKONG 1025 TAIPEI
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  • Article, Illustration
    Lock icon Firms pitch growth at high end of govt forecast
    659 1  -  Bat they're bearish about their own business prospects: BT-CBRD survey Reports by. Audrey Tan [SINGAPORE] In a surprise survey finding, most firms in Singapore say they remain fairly upbeat about the economy's growth prospects, despite a continued marked drop in their
    Source: CBRD  -  659 words
  • Article
    Foreign firms most hard hit by Asian crisis
    391 1 though they still do better than local companies, says poll [SINGAPORE] Foreign firms have taken the hardest hit from the Asian economic crisis, though they consistently out-perform local companies, a survey by BT and the Centre for Business Research and Development of
    391 words
  • Article, Illustration
    Lock icon No bottom in sight as regional stocks are bruised yet again
    524 1 Thai index at 11-year low; KLCI hits 10-year low Bloomberg, Reuters [HONGKONG] It was more of the same in regional stock markets yesterday, with no signs of prices bottoming out as the Japanese yen reached its lowest in eight
    Bloomberg,; Reuters; AFP  -  524 words
  • Article
    Bank Negara cuts intervention rate to 10%
    737 1  -  Surprise half percentage point cut in 3-month rate is second in 2 weeks Fron Meera Tharmaratnam in Kuala Lumpur IN a move which took many by surprise, Malaysia's central bank yesterday cut the three-month intervention rate by half a percentage point to 10
    737 words
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      209 1 mgpwß Bnmi Sritea nam i-» t.. j entest m ms Mir In a symbolic but highly significant ceremony yesterday, the ruling monarch of Brunei, Hassanal Bolkiah, handed over the ancient royal kris to his eldest son, Prince Al-Muhtadee Billah, Pg7 Brokers pwthed to cot easts to stay profitable Singapore and
      209 words
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      37 1 Commerce flrma most upbeat about growth prospects, Pg 2 m <^ > Memo To: All staff n rMN Internationa; Ri iVmess Programs Meetings everyday. H H r iv r b^H U g|! rap:, flp ttjg^i A V 1 4»
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Emporium's sales improve 30%
      301 2  -  This is due to wider range of goods being sold after judicial managers took over By. Ang Wan May SALES at Emporium Holdings department stores have jumped 30 per cent since its interim judicial managers took over the ailing operation just over a month ago. The
      301 words
    • Article
      Commerce firms most upbeat about growth prospects
      324 2 COMMERCE firms were the most optimistic about Singapore's growth prospects this year, despite being possibly the worst-performing sector. Firms in the commerce sector expect gross domestic product (GDP) to grow 1.66 per cent, compared to an average 1.28 per cent for the 157
      324 words
    • Article
      Anson Chan to make 2-day visit to S'pore
      265 2  -  From Loh Hul Yin in Hongkong THE head of Hongkong's civil service, Anson Chan, will visit Singapore from Thursday for two days. On her arrival, Mrs Chan, Hongkong's Chief Secretary for Administration, will deliver the 14th Gordon Arthur Ransome Oration organised by
      265 words
    • Article
      Lock icon Number of HDB applicants for resale grants triples
      292 2 The Straits Times THE number of first-time HDB flat buyers applying for grants to buy resale flats has tripled and another $600 million more is needed to cover the grants, National Development Minister Lim Hng Kiang said yesterday. He said the Housing
      The Straits Times  -  292 words
    • Article, Illustration
      Lock icon Technical recession in Q2?
      375 2  -  EYE ON TOE ECONOMY GDP By. AnnaTeo THE economy may well have already seen a technical recession in the second quarter in seasonallyadjusted. quarter-on-quarter growth terms anyway going by official indications of the first half-year's performance. In Singapore, as elsewhere in the region. gross domestic product
      Source: Dept of Statistics  -  375 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon American Club studying options
      603 4  -  These include selling or redeveloping the prime Claymore Hill site Byi Carol Eng [SINGAPORE) THE American Club is studying options for its Claymore Hill premises, one of which could involve selling the prime site. A decision to sell the freehold land could free up the large
      CHRIS LOH  -  603 words
    • Article
      Nat Library to get new home in Victoria St
      334 4  -  Site to house HQ, library, reference facilities By Marissa Chew [SINGAPORE] The National Library Board (NLB) is getting a new home at Victoria Street. The new building will be at a 11,352 sq m site in Victoria Street, next to Bras
      334 words
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      434 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SM MARINE INDUSTRIAL ENGINEERING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act. Cap 50, that the FINAL MEETING of the members of the abovenamed
      434 words
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      191 4 IN THE MATTER OK THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF MBL MERCHANT BANK (SINGAPORE) LTD (IN MhMBHRS VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section VM of the Companies Act. Cap. 50. that a Hnal Meeting of the Members, of the
      191 words
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  • ASIA'S ECONOMIC SLUMP
    • Article, Illustration
      Lock icon Yen plunges as banking plan hangs in balance
      473 5  -  New PM struggling to get critical legislation past hostile opposition From Anthony Rowley in Tokyo THE yen continued its relentless decline yesterday as Japanese Prime Minister Keizo Obuchi's new administration prepared for a make-or-break attempt to get critical banking legislation past hostile
      Source: Bloomberg; REUTERS  -  473 words
    • Article
      Lock icon Some Thai banks won't survive shakeout expected this month: Tarrin
      327 5 There will be fewer than the 15 banks now in business AFP [BANGKOK] Some Thai banks will not survive the planned shakeout of the debtladen sector expected later this month. Thai Finance Minister Tarrin Nimmanahaeminda said yesterday. Mr Tarrin said
      AFP  -  327 words
    • Article
      Canada replacing Indonesia in Thai loan
      334 5  -  Froi Harish Mehta in Bangkok CANADA yesterday extended a US$5OO million (*****.8 million) loan to Thailand, substituting an earlier commitment made by Indonesia under a US$l7.2 billion bailout package. A US$36O million package will be immediately released to shore up Thailand's foreign reserves, and
      334 words
    • Article
      Lock icon Manila ups overnight rates by 2 points to 17%
      222 5 AFP (MANILA] The Philippine central bank raised overnight rates by two percentage points effective today to quell attacks against the peso, which fell to its lowest close in six months against the dollar yesterday. Central Bank of the Philippines governor Gabriel
      AFP  -  222 words
    • Article
      Lock icon China posts US$26.7b trade surplus to date
      197 5 Reuters [BEIJING] China registered a trade surplus of U5526.71 billion (5546.6 billion) in the first seven months of this year, Xinhua news agency reported on yesterday, quoting customs figures. China's trade surplus for July alone was US$4.2 billion, the agency said. Exports for
      Reuters  -  197 words
    • Article
      Lock icon Countering 'artificial' currency traders
      132 5 Bernama [KUALA LUMPUR] Having a single currency for a particular region may counter "artificial" currency traders because of less volatility from a fewer number of available currencies traded, said a European scholar. Hans Koechler, professor of political philosophy at the University of Innsbruck in Austria, believes
      Bernama  -  132 words
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      248 5 Editorial: In Japan's national interest, Pg 18 Managing Asia's Recession Annual Planning Forecasting Meeting Most managers of Asia-Pacific businesses were not in their present jobs during the last Asian recession. And this one will be more severe and more long-lasting. To guide you through the turbulence you need the perspectives
      248 words
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      151 6 nyiif. tMFtiC 'LirCf J' h il: t i !f i i j I i 1 f y h :M! jj:' i I j j, M' i jj j ;|ASSUMINIj| THERE'S AN YDNEiARDUND TD 4-x I* 11 1 i i I 1 i i I j f \TI n i t"
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  • FOCUS
    • Article, Illustration
      Lock icon Brunei enters a new era
      793 7  -  Brunei's crown prince is proclaimed amid economic difficulties facing the nation By Yang Razali Kassim THE setting was the throne room of the majestic royal palace of Brunei, Asean's smallest member but one with an old history. In a symbolic but highly significant ceremony yesterday,
      REUTERS  -  793 words
    • Article
      Hopes for reconciliation after Amedeo's collapse?
      943 7  -  Royalty still seen as most tested, effective glue that can bind Bruneian society By' Yang Razali Kassim The writer, BT's regional analysis editor, was in Bandar Seri Begawan THE rumblings in Brunei over the Amedeo controversy took a new turn this week when a
      943 words
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      175 7 Some things in life are worth waiting a lifetime; so what's 17 years? jjjjfe' lIP K 9 ■F* k? IF -1 K 9 I f' *1 i» m ]H jtt ■■■iiS H. 9 E. ..JBr IP' l9m t&mmm**- tokd Ik Hf lIIJIIIIIIIJW I The Rolls-Royce Silver Seraph, //ze /irsf in
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  • REGION
    • Article, Illustration
      Lock icon Suharto may be spared graft probe: minister
      304 8 JAKARTA Bloomberg AFP INDONESIAN Justice Minister Muladi said it's possible a corruption investigation of former president Suharto will be abandoned for the sake of the "national interest". Mr Muladi was responding to reporters' questions about the likelihood that Mr Suharto, whose family is
      Bloomberg; AFP  -  304 words
    • Article
      Lock icon Indonesia sets up holding company for 10 state firms
      357 8 JAKARTA Move to restructure 'strategic' industries before their eventual privatisation AFP THE Indonesian government said yesterday it had created a holding company for 10 "strategic" state-run firms as part of efforts to restructure them ahead of their eventual privatisation. "If these
      AFP  -  357 words
    • Article
      Lock icon KL snap polls: commission not ready
      114 8 KUALA LUMPUR AFXAsia THE Election Commission said it is not ready for a snap election but could conduct the polls if Prime Minister Mahathir Mohamad dissolved parliament, Bernama news agency reported, quoting chairman Harun Din as saying. The commission requires between four and five
      AFX- Asia  -  114 words
    • Article
      Lock icon US$207m Viet deal for Cable and Wireless
      305 8 m HANOI UK telecoms giant to install 250,000 phone lines: sources AFP VIETNAM is expected to award a deal worth US$2O7 million (*****.3 million) to British telecoms giant Cable and Wireless pic this week, sources close to the deal said yesterday. A British
      AFP  -  305 words
    • Article
      Lock icon We've traced source of disturbance rumours: KL
      206 8 KUALA LUMPUR Bernama MALAYSIAN authorities have traced the source of last Friday's rumours of disturbances in the federal capital, Deputy Home Minister Tjuol Rosli Ghazali said yesterday. He said the Internal Security Act (ISA), which provides for detention without trial for two years,
      Bernama  -  206 words
    • Article
      Lock icon Tycoons threaten to stop funding Howard's party
      408 10 SYDNEY Rich migrants blame Aussie PM for Hanson's rise AFP SOME of Australia's richest migrant businessmen threatened yesterday to withhold millions of dollars from Prime Minister John Howard's Liberal Party because they blame him for the rise of Pauline Hanson. Representatives of the
      AFP  -  408 words
    • Article
      Lock icon Aussie govt reports A$1b budget surplus
      270 10 CANBERRA Bloomberg AUSTRALIA'S government has posted the country's first underlying budget surplus in seven years, delivering a year ahead of schedule its promise to return the budget to surplus. The return to surplus came as the government earned more in taxes from robust company
      Bloomberg  -  270 words
    • Article
      Lock icon 150,000 fight floods as waters rise to near record in Wuhan
      528 10 WUHAN More than 1,000 danger spots found along dykes on Yangtze mainstream AFP, Reuters THOUSANDS of Chinese soldiers and civilian volunteers were shoring up dykes anxiously as the latest crest of Yangtze floodwaters ripped through the city of Wuhan
      AFP,; Reuters  -  528 words
    • Article, Illustration
      Lock icon Floods likely to hurt S Korean economy
      277 10 SEOUL Central hank sees 6% shrinkage vs govt's -4% forecast AFP SOUTH Korea's central bank warned yesterday of a further economic contraction as rains ravaged crops, factories and homes, sending food prices soaring. The worst flooding in 78 years, which was believed to
      AFP  -  277 words
    • Article
      Lock icon Mita Industrial files for bankruptcy protection
      272 10 TOKYO Bloomberg MITA Industrial Co, an unlisted maker of photocopiers, fax machines and laser printers, said it has filed for protection under Japan's bankruptcy law with around 200 billion yen (552.4 billion) in debt. Mita Industrial's top creditors are Sakura Bank, which is owed
      Bloomberg  -  272 words
    • Article
      Lock icon HK office vacancies soaring
      217 10 HONGKONG AFP HONGKONG'S office vacancy rates are at their highest levels since the early 1980s and could hit a record high in the next 18 months, a local newspaper reported yesterday. Analysts expect vacancy rates to reach 20 per cent by the end of next year,
      AFP  -  217 words
    • Article
      Lock icon India allows foreigners bigger stake in banks
      196 10 NEW DELHI Bloomberg INDIA has eased the rules for foreigners to own equity in Indian private banks. The government will allow foreign investors including multilateral institutions to own more than 20 per cent equity in those banks where there's a shortfall in investments
      Bloomberg  -  196 words
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      1027 9 I I Rfif I I I H I 18/, I ill J//da .Aiull/gsk 31wtr/ ii illlil H I H imfmrl I I I I Y You'll soon know the different time zones like the back of your hand. Because only Citibank Cathay Pacific Visa hl V Jjf I 9fr- guarantees
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      295 10 In the Matter of the Companies Act Cap 50 In the Matter of De Nora Pte Ltd (Incorporated in Singapore) At an Extraordinary General Meeting of the above named Company duly convened and held at 17 Tuas Street Singapore *****4 on 7 August 1998. the following Special Resolutions were duly
      295 words
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  • THE WORLD
    • Article
      Lock icon Asian crisis seen ending London's economic boom
      390 11 LONDON Growth may slow to &2% as strong also hurts economy: research group Bloomberg LONDON'S six-year economic boom is coming to an end as the Asian crisis hits the capital's financial markets and the strong pound cuts tourism, the Centre for Economics and
      Bloomberg  -  390 words
    • Article
      Lock icon Funds cite Asia as main global growth threat
      422 11 LONDON Survey shows 37% of US fands expect big Asian effect on gains Reuters GLOBAL fund managers are increasingly convinced that deflationary pressures from Asia will hit world economic growth, according to the Merrill Lynch Gallup global survey for August, released yesterday.
      Reuters  -  422 words
    • Article
      Lock icon Kohl set for election battle to seek 5th term
      211 11 BONN Reuters CHANCELLOR Helmut Kohl took Germany's election campaign into a new phase yesterday saying the tide was turning his way and he would savour the final seven weeks of the fight. "I am going into this decisive battle in good
      Reuters  -  211 words
    • Article, Illustration
      Lock icon Picnickers protest
      60 11 [LONDON] Members of the Ramblers 'Association demonstrate what the picnic of the future could be, as they don World War I gas masks, during a picnic on a polluted traffic island in the middle of Vauxhall Cross in London yesterday. The staged picnic follows the National Farmers Union
      AFP  -  60 words
    • Article
      Lock icon Russian debt sale cancelled again
      469 11 MOSCOW High yields seen as reason; borrowing options now limited Bloomberg RUSSIA'S financing options narrowed as soaring borrowing costs forced it to cancel a debt auction for a third week, leaving it little choice but to rely on central bank reserves and state-owned Sberbank to
      Bloomberg  -  469 words
    • Article
      Lock icon June US machine tool orders up 9.9%
      299 11 WASHINGTON Bloomberg US ORDERS for machine tools increased in June from a month earlier, with gains in all regions of the country, an industry survey showed. Orders from US companies for domestic and foreignproduced machine tools rose 9.9 per cent to an estimated
      Bloomberg  -  299 words
    • Article
      Lock icon Global chips sales down for 4th straight month
      328 11 TOKYO Bloomberg WORLDWIDE sales of computer microchips slumped for a fourth straight month in June, as oversupply continued to push down prices for memory chips and weaker economies in many Southeast Asian countries stifled demand, industry figures showed. Microchip sales declined 14.1
      Bloomberg  -  328 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon MBf Cap at record low on news of GE Cap interest in finance unit stake
      370 12 Fears that 20% share will fetch only RM26Om book value Bloomberg [KUALA LUMPUR] MBf Capital Bhd shares fell to a record low after a news report said GE Capital, the financial services unit of General
      Bloomberg  -  370 words
    • Article
      Lock icon MBf Land moves into medium-cost houses
      192 12 Bernama [KUALA LUMPUR] MBf Land Bhd, which has proposed to change its name to Sri Hartamas Bhd, plans to rationalise its property development activities, its chief financial officer Nirmaljit Singh said yesterday. He said the company will maintain/ts core business of property development but
      Bernama  -  192 words
    • Article
      Local bankers should be given a chance to show their mettle
      718 12  -  HOCK LOCK SIEW Conrad Raj IT seems to be the season for change for hiring and firing. In the case of local banks, the talk is about mergers and acquisitions, and the hiring of foreign bankers. While elsewhere locals
      718 words
    • Article
      Brokers pushed to cut costs to stay profitable
      528 12  -  Volumes hammered; consolidation of industry turning into a certainty: brokers By" Clarissa Tan [SINGAPORE] Singapore and foreign brokerages operating here are under pressure to trim costs to stay in the black as stock market volumes continue to get hammered. For the first
      528 words
    • Article
      Telekom half-year earnings slip 17.2% to RM737m
      425 12  -  Earnings below expectations, but no underlying problems Froti Ruth Wong in Kuala Lumpur MALAYSIA'S largest phone company Telekom Malaysia Bhd yesterday reported an interim net profit fall of 17.2 per cent to 736.9 million Malaysian ringgit (*****.2 million) due to higher operating costs
      425 words
    • Article
      Lock icon Promet plans share capital reduction
      155 12 AFX-Asia [KUALA LUMPUR] Promet Bhd and three of its subsidiaries said they plan to undertake a share capital reduction as part of a proposed restructuring scheme. The three units are Promet Fabricators Sdn Bhd, Promet Developments Sdn Bhd and Promet Dikoyu Sdn Bhd. In a
      AFX-Asia  -  155 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Kerry Properties posts 40% drop in interim net to HK$560m
        484 13  -  Lower sales, rentals cited; HKslsom general provision on property portfolio From i Quak Hiang Whai in Hongkong DRAGGED down by fewer property sales and lower rentals, Robert Kuok's Kerry Properties yesterday reported a 40 per cent drop in net profit
        484 words
      • Article, Illustration
        Lock icon British Airways' Q1 profit up 77%
        366 13 Rebound less than expected after strike, uncertainty Bloomberg [LONDON] British Airways pic's profit rose 77 per cent in its first quarter, rebounding less than expected after a strike last year and prompting fears that a slowing UK economy will pare growth in air travel.
        Bloomberg  -  366 words
      • Article
        Lock icon New World tumbles 7% on yuan worries
        323 13 Bloomberg [HONGKONG] New World Development Co Ltd fell as much as 7.1 per cent rounding out a month-long slide that wiped almost 39 per cent off its market value amid concern Hongkong's fourth biggest property developer may be among those most vulnerable to
        Bloomberg  -  323 words
      • Article
        Lock icon Jakarta exchange reviewing delisting of 43 companies
        231 13 AFX Asia [JAKARTA] The Jakarta Stock Exchange (JSX) is examining the financial performance of 43 companies facing possible delisting, JSX president director Cyril Nurhadi said yesterday. "So far 43 companies are under consideration for possible delisting," Mr Nurhadi said. He said of these
        AFX Asia  -  231 words
      • Article, Illustration
        Lock icon Sing Tao suspended ahead of Sally Aw stake sale
        415 13 L&z&rd Freres to boy chairwoman's 50.4% share: report Bloomberg [HONGKONG] Sing Tao Holdings Ltd chairwoman Sally Aw may have finally found a buyer for the her stake in the newspaper business founded by her father in 1931. Sing Tao asked that
        Bloomberg; FILE PHOTO  -  415 words
      • Article
        Lock icon More M&As in emerging markets
        129 13 FT [LONDON] Sharp falls in corporate valuations and large-scale deregulation, following economic reforms, boosted merger and acquisition activity in emerging markets during the first half. The number of deals worth more than US$5O million (5587.3 million) totalled 119 in the first six months of this
        FT  -  129 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon LTCB plunges 12% on Sumitomo merger doubts
        382 14 Sumitomo Trust says it will assume only healthy assets and won't bail oat LTCB Bloomberg Reuters, FT [TOKYO] Long-Term Credit Bank of Japan Ltd, whose shares fell below its par value last week, dived 12 per cent yesterday on concern that its prospective
        Bloomberg; Reuters,; FT; Source: Bloomberg  -  382 words
      • Article
        Lock icon No deal with Bankers Trust yet: Tisco
        283 14 Talks on raising US firm's stake to 75% still underway Reuters [BANGKOK] Thai Investment and Securities pic (Tisco) said yesterday it has not yet reached a definite agreement for US-based Bankers Trust Co to hold a 75 per cent stake in the company.
        Reuters  -  283 words
      • Article
        Lock icon Supermart banking: NAB still undecided
        183 14 Bloomberg [SYDNEY] National Australia Bank Ltd, the country's richest bank, said it hasn't decided whether to follow two competitors into supermarket banking in Australia, though is "very pleased" with the performance of similar operations by its US operations. "We have had them for a few
        Bloomberg  -  183 words
      • Article, Illustration
        Lock icon No quick Fed approval for Travelers, Citicorp merger
        432 14 Bloomberg [WASHINGTON] Citicorp and Travelers Group Inc executives, who once hoped for quick approval of the US$73.l billion (*****.6 billion) merger they announced in April, will have to wait a while longer for federal approval. An examination of correspondence between the companies
        Bloomberg; FILE PHOTO  -  432 words
      • Article
        Lock icon CIBC's rivals don't have its woes: analysts
        293 14 Canadian bank says its Q3 results will be below expectations Bloomberg [TORONTO] Canadian Imperial Bank of Commerce's (CIBC) stunning news on Friday that fiscal third-quarter results will be below analysts' expectations is not indicative of the industry, analysts said. CIBC warned that profit
        Bloomberg  -  293 words
      • Article
        Lock icon JGBs firm but Euroyen futures ease
        163 14 SXMEBLReport Reuters [SINGAPORE] Simex Japanese government bond (JGB) futures firmed yesterday amid worries over Japan's corporate sector. News that Osaka-based copier maker Mita Industrial had filed for court protection from creditors under Japan's bankruptcy laws helped the firmer bias. "People are definitely worried about
        Reuters  -  163 words
      • Article
        Futures fall again amid regional concerns
        186 14  -  MSCITAIW AM FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures slid again amid persistent concerns over the economic slowdown and currency problems across Asia. The Japanese yen fell to a twcmonth low yesterday morning sparking worries
        186 words
      • Article
        Lock icon Oil stumbles again under weight of glut
        260 14 ENERGY REPORT Reuters [LONDON] World oil prices sagged yesterday after tentative gains crumbled under the weight of a mountainous glut of petroleum. Benchmark Brent was trading 15 cents lower at U5512.44 a barrel at 1515 GMT after lingering Iraq-UN tension helped keep the
        Reuters  -  260 words
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        Lock icon CURRENCY REPORT
        285 14 AFX-Asia, AFP London [LONDON] The dollar was little changed against major currencies in afternoon trade, after its upward momentum was undercut by the threat of intervention by Japanese authorities, dealers said. Finance Vice-Minister Koji Tanami said his ministry will take action in the foreign exchange market "appropriately at
        AFX-Asia,; AFP  -  285 words
      • Article, Illustration
        Untitled
        1239 14 DfTBEBAMg CROSS BATES 1 C$ Rib ECU Ffr Pt» HKS Ind Is topUh Yw Won RM WIS Pifc is Peso S$ Band Sfr HT$ Baht Po—d US$ .Australia 0.9ft 6.178 0.548 3.616 1.079 4.697 25.792 78.206 0.877 7.518 2.513 1.185 32.259 25.527 1.049 3.741 0.894 20.783 25.209 0.368 0.601 Canada
        1,239 words
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      COMMODITY PRICES
      1838 15 SICOM FUTURES Aug7 RUBBER (futures closing ts *t 5.30pm) RSS1 CONTRACTS cwtsAg) Close Volume Open Month High Low Sett (tonnes) Interest Sep 98 iilso iilio iaoo 50 490 Oct 98 113.00 M50 Nov 98 113.25 450 Dec 98 14-00 W50 Jan/Mar 99 116-50 2025 Apr/Jun 99 120.75 1950
      1,838 words
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      WORLD STOCK MARKETS
      2368 15 LONDON Industrials Auq'O Ptnct 31 Group 550.000 AB Ports 335.000 4.000 Abbey National 1114.000 -48.000 Allied Domecq 573.000 -6.000 Amec 160.000 -0.600 Asda Group 191.000 -2.000 BAT Ind 635.000 -25.000 BG Pic 378.000 -3.400 BICC 118.000 -0.600 BOC Group 750.000 -3.400 BR Petroleum 775.000 -22.400 BTR 159.000
      2,368 words
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      Lock icon TOKYO
      1630 15 Bloomberg Nikkei 225 -202.75 JAPAN'S benchmark stock index fell to a sixweek low, led by banks such as Bank of TokyoMitsubishi Ltd, on concern the new administration will be unable to fix the financial system. Parliamentary debate began yesterday on six bills designed by the ruling Liberal Democratic Party
      Bloomberg  -  1,630 words
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      Lock icon HONGKONG
      1474 16 Reuters, AFP Hang Seng +16.21 STOCKS ended slightly higher in choppy trade yesterday on easier local interest rates, but gains were limited as investors worried about the weakening yen, brokers said. The Hang Seng Index added 16.21 points to close at 7,034.62 after trading in a range of 109
      Reuters,; AFP  -  1,474 words
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      Lock icon CHINA
      668 16 Reuters Shenzhen B Index -2JI CHINA'S B shares for foreign investors closed at record lows yesterday on fears that weakness in the Japanese yen might cause Beijing to devalue its currency, analysts and brokers said. Floods ravaging central China contributed to the negative mood as investors dumped shares on
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  668 words
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      Lock icon TAIPEI
      334 16 AFP □wp Index -157.9 TAIWAN share prices fell 2.1 per cent yesterday in the slowest trading day of the year as investors upset by poorer-than-expected interim results sold technology shares, dealers said. The Weighted Price Index shed 157.9 points to 7,372.12, following a 0.8 per cent rise in the
      AFP  -  334 words
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      Lock icon JAKARTA
      714 16 AFP CI Composite Index -2.44 SHARE prices closed down 0.6 per cent in lacklustre trade, dragged down by weak regional markets, dealers said. "Regional markets were bad, providing little support to already weak sentiment in Jakarta," a dealer with a local brokerage said. "People are also waiting for Aug
      AFP  -  714 words
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      Lock icon BANGKOK
      766 16 AFP, Bloomberg Q SET Index -9.24 THAI shares plunged 3.7 per cent yesterday with heavy selling in the battered banking sector as investors bailed out ahead of government moves to rehabilitate the industry, analysts said. "There's a risk that the government's announcement later this month will be a complete
      AFP,; Bloomberg  -  766 words
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      Lock icon WELLINGTON
      256 16 AFP n Wellington -30.20 NEW Zealand stocks fell 1.5 per cent yesterday in the face of a lower currency and higher money-market interest rates. The NZSE-40 Index dropped 30.20 points to 2.000.98 on turnover of NZ$lOO.7 million with Telecom Corp shedding 12 cents to NZ$B.l5. —AFP *«H» (OOP) ANZBankinq
      AFP  -  256 words
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      Lock icon SEOUL
      416 16 AFP CI Composite Index -136 SOUTH Korean shares edged down yesterday amid lingering concern over the stability of regional currencies, dealers said. The Korea Stock Exchange Index closed down 2.36 points or 0.7 per cent at 311.95, off a low of 308.37. The benchmark corporate bond yield was down
      AFP  -  416 words
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      Lock icon SYDNEY
      597 16 AFP HAH Ordinaries -L 6 SHARES closed down 0.1 per cent yesterday after being held from larger losses by strong performances by several blue chip stocks, brokers said. The All Ordinaries Index lost 1.6 points to 2,597.4. The All Industrials Index lost 6.9 points to 4,579.1 while the All
      AFP  -  597 words
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      Lock icon MANILA
      323 16 AFP Q Manila -2L06 PHILIPPINE share prices dropped 1.4 per cent yesterday on jitters over a possible devaluation of the Chinese yuan and announcements that domestic interest rates may be raised, analysts said. The Philippine Stock Exchange Index fell 21.06 points to close at 1,427.66. Turnover slumped to 147
      AFP  -  323 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8223 17 INDUSTRIALS Consumer products 1998 Last Vol Day Net Cap HIgft Low Company Sato '000 High Law P/t $mll 310 170 Ajinomoto 170 -5 6 171 170 9.4 68.9 '48 37 Angkasa 39 unch 15 40 37 0.9 57.5 290 123 Apollo Food Hlq 130 -5 70 130 130 4.5 52.0
        8,223 words
      • Article, Illustration
        Lock icon Index drops 3% to near 10-year low
        419 17 Bloomberg, AFP El Composite Index -10.77 MALAYSIA'S main stock index sank for a fourth day, plunging 3 per cent to its lowest level in almost 10 years, amid concern the country's sputtering economy will fuel a surge in bad debt. "There's generally a
        Bloomberg,; AFP  -  419 words
  • Page 12 Advertisements
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      102 12 Listed brokers' performance Kim Eng Earnings: Down 79% to $10.5 million for full-year ended March 31,1998 Market cap: $196 million Kay Hian Earnings: Down 15.7% to $36.1 million for full-year ended Dec 31, 1997 Market cap: almost $200 million GK Goh Earnings: Up 21.4% to $24.5 million for full-year ended
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      75 12 I vu f- j^Ml ""j^""Wßip* iaijOuHj r *5* -%jeu f; y 1 J Transview Golf we Ltd r;^'^^ziar:.'.?!X.«...... #01-05 Mandarin Hotel Shopping Arcade. Tel: 738 1155 4th level, Isetan Wisma Atria. Tel: 735 5543 #02-46/47/48 Specialists' Shopping Centre. Tel: 732 0955/6 3rd Floor Isetan Scotts Shaw House. Tel: 735 4241
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      741 13 GB HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Company's Registered Office, 26 Jalan Terusan, Jurong Town, Singapore *****1 on Wednesday 26 August 1998 at 10.00 am to transact the following businesses:1) To receive
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      Page 13 Advertisements Column 2
      46 13 Hassle-Free Shopping. MOTOROLA StarTAC 80 JB $428mf Free connection and free Customers have to subscribe for a minimum of 12 months of pay a surcharge. While stocks last. Offer valid only with Prime Ultimate plans. a little more convenient Btffi&ffHP Brought to you by Mi Shop
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      164 14 r IN THE MATTER OF COMPANIES ACT,CHAPTER 50 AND IN THE MATTER OF PC AUTOMATION (S) PTE LTD (In Members' Voluntary Winding-up) NOTICE OF FINAL MEtTIMQ NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50 the final meeting of the members of the Company
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      Page 14 Advertisements Column 2
      284 14 In the matter of the Companies Act. Cap 50 And In the matter of Willes Investment Pte Lid (in members voluntary liquidation) At an Extraordinary General Meeting of the above company held on 6 August 1998 the following resolutions were passed: "That WUles Investment Pte Ltd be wound up voluntarily
      284 words
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      Page 14 Advertisements Column 3
      9 14 Personal t feroiee/iJ^£roc/ucts 77** Times Classified Classifications 52-193 CAT-S.
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      17 16 BUSINESS Notices TO ADVERTISE CALL TOLL-FREE 1800-741 1883 TURN TO PAGES 4, 8 14 FOR MORE NOTICES
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      Page 16 Advertisements Column 2
      112 16 NOTICE IS HEREBY GIVEN that, I Ong Kit Leng of Apt Blk 682, Race Course Road #05-325 Singapore *****2, have applied for a Retail Beer Shop Licence in respect of M/s Leong Win Enterprise located at 5001, Beach Road #01-04, Golden Mile Complex Singapore *****8, and that this application will
      112 words
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      Page 16 Advertisements Column 3
      201 16 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF PROTEUS INVESTMENTS (PTE) LTD (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuani to Section 308 of the Companies Act. Cap. 50 (hat the Final General Meeting of the Members of the
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      Page 16 Advertisements Column 4
      170 16 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF MELVILLE CORPORATION SINGAPORE PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FMAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap. 50. the Final Meeting of the members of the
      170 words
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      Page 16 Advertisements Column 5
      131 16 r IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BRANWELL PTE LTD (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap 50 that a final meeting of the members of the abovenamed company will be held at
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      Page 16 Advertisements Column 6
      134 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HSINQ LOONO CO. (SINGAPORE) PTE LTD (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap 50 that a final meeting of the members of the abovenamed company will be
      134 words
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      111 17 NOTICE IS HEREBY GIVEN that. I Nagapooshanam d/o M. Kulandaivelu of Blk 526 Bukit Batok St 51 #04-90 Singapore *****6, have applied for a Beer House 2nd Class Licence in respect of M/s Mahaaraajah Curries Pte Ltd located at 42 44 Veerasamy Road Singapore *****1, and that this application will
      111 words
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      Page 17 Advertisements Column 2
      132 17 ADVERTISEMENT FOR CREDITORS IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF TSM TONGSHIN (S) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTK'K IS HEREBY GIVEN thai pursuant to Section VIK of the Companies Act. Cap 50 that a Final Meeting of
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      Page 17 Advertisements Column 3
      171 17 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF SOON BEE STEAMSMP COMPANY (SMGAPORE) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FMAL MEETMG NOTICE IS HEREBY GIVEN thai pursuant to Section 308 of the Companies Act. Cap. 50. the Final Meeting ol the members
      171 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      ARF should add economics to security mix
      666 18  -  THE BOTTOM LDVE OPINION By Al Labita The writer is BT's Manila correspondent. FOR years, the Asean Regional Forum (ARF) had been tackling security issues from the traditional politico-military perspective. Nuclear disarmament, arms race, landmines and things like that The agenda of the
      666 words
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      IN OTHER WORDS
      113 18 It was absurd, but we thought of ourselves as a kind of superpower. We had the certainty that progress was permanent. Now that feeling of exceptionalism has been lost, and we are just another normal nation.' -Araeßath an author and former editor-in-chief of the Dagens Nyheter newspaper,
      113 words
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      In Japan's national interest
      606 18 EDITORIAL BRITISH parliamentary democracy gave birth to the concept of a "loyal opposition" and it is one that the leader of Japan's Democratic Party, Naoto Kan, and his colleagues in other minority parties would do well to heed this week Japan's opposition parties are girding themselves
      606 words
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      Lock icon Monetarism strikes back
      1060 18 The use of the money supply as economic tool, popular in the early 1980s, seems to be back in fashion The Economist IN THE heyday of monetarism in the early 1980s, economists and traders pounced eagerly on every new money-supply statistic. Most central banks then set formal
      The Economist; FILE PHOTO  -  1,060 words
    • Article
      WHAT THE OTHERS SAY
      1087 18 The trouble with rumours THERE may be more than a grain of truth in the old Slovakian saying that one rumour breeds another. How else can one explain the many unverified and unverifiable stories that are currently going around about upcoming price hikes, job dismissals, social
      1,087 words
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      355 19 Ma't pa k«»? InUil it ats Mews/ C«»«k Mm it hriq Wwtiflri tfcli iiilrnj, j CATS. Wnprp tn u/inp flino onrl onfanfoin Prmnud < I Diners Club Offers FREE SOS* Global SBl to apply, can TTIICIC IU nllic. Utile dllU tllltrutlfl... %9 W iraermkmTEmergency Referrals Whilst overseas. 290 4545 IB
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      Page 19 Advertisements Column 2
      101 19 I lli i ENJOY 25% SAVINGS ON YOUR i 2ND DRINK ONWARDS j j AT THE MEZZANINE j j CAFE BAR THIS MONTH Join us in our j 25th Anniversary Celebrations i Mezzanine C*<« fc 2*4 Hoof a I 333 Orchard Road, Singapore *****7 I Tel: 831 6286 Lunch 12
      101 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Page 19 Miscellaneous Column 1
      871 19 TV&RADIO HHnWMHMMI SLSffuBfo %S- £88 l'Es™ lnnova,lons "I I II Iaa KM t .Y, Innovations. lude). 4.99 Temples of India. m 4.00 Kidz Blitz: Walter Mel- &30 The Pyramid Game. 4J9 Arattai Arangam. A o. n 7.00 News 5 At Seven. 5.00 The Adventures of Vr 7 J® Noah s
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      Page 19 Miscellaneous Column 2
      294 19 CRYPTIC CROSSWORD 1 For those in trim and skilled jj^B lucrative 9 Left in the cooler, with egg on VV hH 10 Awful woman novelist has ■■v —L«J—u--■HBUB—— blue veins (10) 11 Set of texts put out around ~■■■I"" ■B 12 Most men are upset for brief 12 I P3
      294 words
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  • EXECUTIVE LIFESTYLE
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      Lock icon Mulan in suspended animation in China
      713 20  -  bemrt chu tells why Disney's latest hit is wrapped in Chinese red tape HENRY CHU LAT-WP Mulan may be doing well in Peoria, but will it play in Beijing? That is one of the biggest questions surrounding Walt Disney Co's latest full-length animated hit
      LAT-WP  -  713 words
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      Inspiring SSO concert under Kamu's baton
      442 20  -  MUSIC His strengths lie in ability to create strong imagery in his conducting By] Benjamin Loh [SINGAPORE] Last Friday evening's Singapore Symphony Orchestra concert under the baton of principal guest conductor Okko< Kamu proved to be another inspiring musical event. In a programme of
      442 words
    • Article
      Lock icon Fringe launches 52nd Edinburgh Festival
      171 20 ARTSFEST AFP [EDINBURGH] The Edinburgh Fringe, the alternative to its big brother the Edinburgh Festival, got underway on Sunday with the first of thousands of sideshows ranging from the non-conformist to the classical. This year the fringe is kicking off a week ahead of the
      AFP  -  171 words
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      263 20 Kl 4. f :MEaagfWKiPi-T—^^^^^———■^=^=' <#r«* "*Wi, 4;- V,0 "-"-^■■■ff^*l^^»C^*p3P^|fff|fl^P]^ i KM hen we set out to create the most refreshing retreat at Spring City, we had more than a little help from Mother Nature herself. Here in Kunming, Yunnan, the southwestern province of China, you'll find our gently rolling fairways
      263 words
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  • SHIPPING TIMES
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      Intertanko to meet MPA over navigational safety
      559 21  -  They will explore ways to improve vessel traffic information system but no dates set Byl Felix Chan [SINGAPORE] The International Association of Independent Tanker Owners (Intertanko) is to meet, with Singapore maritime authorities on the issue of navigational safety and the Vessel Traffic
      559 words
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      Lock icon TIME – CHARTER
      129 21 TIME CHARTER Reuters ♦Kiho (built 1976) 169,521 dwt delivery China end Aug trip Australian r/v U554,500 Noble. ♦Moleson (built 1998) 73,018 dwt 14 on 29 plus 2.5 delivery USG Aug 18/28 trip China U556,500 plus US$6O,OOO bbChilsan. ♦SRmjohn Light—(built 1995) 71,756 dwt 14 on 28.5 plus 0.5 delivery Indonesia end
      Reuters  -  129 words
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      MARITIME STOCKS
      272 21 ICS *000 *!1I w CWT Distribution L 032 13 Chuan Hup 0.375 -0.01 30 Cosco investment 0.5 0.035 34 53S oos 226 G8Hoid»nqs 0.205 Hai Sun Hup 0.405 unch 42 Hitachi Zoser 0.53 -0.01 47 IMC Holdings 5.6 Jayl Holdings 0.375 -0.005 5 Juronq Shipyard 7.85 0.25 14
      272 words
    • Article
      Feeder lines drop congestion surcharges
      397 21  -  By\ Marcus Hand [SINGAPORE] A group of Singapore and regional-based feeder operators serving the South Indian port of Madras are dropping congestion surcharge for cargoes both inbound and outbound from today. The feeder lines, which serve the trades between the Port of Madras and Singapore,
      397 words
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      Lock icon Angling for better times
      97 21 [JAKARTA] Indonesian harbour workers passing the time by fishing at Jakarta s Tanjung Priok port over the weekend. The number of arriving vessels has gone into decline during the currency crisis since imports have become expensive because of a tumbling Indonesian rupiah. The ravaging currency crisis,
      REUTERS  -  97 words
    • Article
      Lock icon Patrick Stevedores faces probe on port charges
      133 21 Bloomberg [SYDNEY] Lang Corp's Patrick stevedoring unit has been asked by Australia's main anti-trust regulator, the Competition and Consumer Commission, to explain a report that it will not reduce port charges. "Public statements by Patrick that it is not intending to pass on
      Bloomberg  -  133 words
    • Article
      ITF targeting ships handled by non-union labour
      369 21  -  It will be releasing list of such vessels to all its affiliates By Marcus Hand [SINGAPORE! The International Transport Workers Federation (ITF) is to create a target list of ships handled by non-union labour to be distributed to its affiliates. The new initiative
      369 words
    • Article, Illustration
      Lock icon Having your own terminal the only way to get ahead
      1107 22  -  The success of the Medcenter Contsiner Teroiin&l <it Gioict Tfturo shows the v&lue of ownership By Paul Richardson Journal of Commerce CARRIERS are definitely catching terminal-itis. The epidemic that has been spreading throughout Asia for years, and has increasingly affected
      Journal of Commerce; FILE PHOTO  -  1,107 words
    • Article
      SHIPPING SCHEDULES INDEX
      240 22 PACE OSR Senator 4 ACL 9 Danveron 4 ANL 3 D)ak Lloyd 9 9 Accord 8 Dongnama 3 Appenship s ECL 5 Astro 3 tver reen 6 Austral 9 FoonflSun 8 BSA 7 C L nl1 4 Gemartrans 8 Bayswater 6 8 ting Mas Hai Sun Hup
      240 words
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      SHIPPING GUIDE
      24077 30 THEBUSINESSTIMES thebusinesstimes EXPORT T#l»D»ione I ETA ETA Advertiser V»SJ»I Vovao* T*l*phon« I ETA ETA Adv*rt.<«r u—... ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voy aqe Telephone SIN Destn Name Nam. Number Number SIN Destn Nam, Not. Number Number To BEIRUT (BEY) 2046 A Lebanon To
      24,077 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        635 35 Vessel Voy No Berth Arrival Departure JuroRf hrt Bt Toil Jaya *****8 J01 alongside 10 08/2000 C Progress 11/08 JtO alongside 10.08/1500 Erka Sun 08/98 J15 alongside 11.08/1500 Em Express 165 J16 alongside 13.08/0700 Idc 1 5/98 J17 alongside 13.08/1100 Petersfield V099 Jt5 alongside It08/0600 0m 938 23
        635 words
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        CONTAINER SCHEDULES
        1837 35 receiving OF export fcl containers and lcl cargo I Booking/Balance Rstls Ship VoyNo Etb/Btr Ptrlod From To From *c> oi3i n/mn u lo/isoo io/m» N/mn M/1500 M/1659 10/1900 umnti izitu u/oroo u m/hoo N/KS9 mTnoo M/1500 10/1659 10/1900 a m/1700 n/0659 n/0900 2» 10/1700 IV 0659 n/0900 J
        1,837 words
      • Article
        GLOBAL HOLIDAYS
        195 35 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: Assumption Day. Angl7. Indonesia: Indonesian National Day. Aug 18. Hong Kong:
        195 words
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        COCKETT BUNKER MARKET REPORT
        1007 35 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on average-sized stem Market movements are indicated The Cockett Bunker Price Index change and the individual
        1,007 words
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        VERITAS BUNKER QUALITY REPORT
        545 35 tzl Carbon 180 Mm 993.1 0.9 16.7 0.10 72 0.07 At* 6 Density Water Residue Ask Aluminium Sediment No above E25 4 0 9 0 0 0 380 Ave 986.8 03 15.8 0.08 27 0.04 Ohm 380 Mi 992.8 0.9 19.2 0.11 til 0.28 nt/MM v/v
        545 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon GrandAir flights suspended for flouting safely rules
        210 36 Reuters [MANILA] Philippine aviation authorities have suspended the flights of Grand International Airways Inc (Grand Air), one of the newer domestic airlines, for violations of safety rules. The Philippines Air Transportation Office (ATO) chief Jacinto Ortega said that during a flight of the
        Reuters  -  210 words
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        Lock icon Boeing plane production may fall 10% in 2000
        314 36 Firm expects decline doe to product revamp, sluggish Asian demand Bloomberg [SEATTLE] Boeing Co, the world's biggest airplane maker, said it expects aircraft production to fall by 10 per cent or more in 2000 from next year as the company revamps its
        Bloomberg; FILE PHOTO  -  314 words
      • Article
        Lock icon BA to buy Boeing, Airbus planes: report
        262 36 Reuters [LONDON] British Airways pic (BA) will soon announce an order worth £2 billion (555.7 billion) for up to 34 Boeing Co long-haul twin-jets and a £3 billion order for more than 100 short-haul jets from Airbus Industrie, The Sunday Times said. The
        Reuters  -  262 words
      • Article
        Lock icon US aviation body orders checks of 747 fuel tanks
        375 36 Carriers asked to examine parts of pump for wear Reuters [WASHINGTON] The Federal Aviation Administration (FAA) has ordered further checks on Boeing 747 centre fuel tanks, asking airlines to examine parts of a pump for excessive wear that could cause a
        Reuters  -  375 words
      • Article, Illustration
        Lock icon Mystery note sparks hijack alert at Russia airport
        330 36 Reuters (MOSCOW] The search was still on late Sunday for would-be hijackers who sparked a security alert when they threatened to blow up a Moscow-bound jet unless they were given US$lOO,OOO (Ssl 74,550). But after a day of questioning of all 97
        Reuters; AFP  -  330 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1895 36 CITY FLIGHT ETA FLIGHT ETO LH778 1610 $026 2350 Adelaide BA7381 1930 BA7382 2055 N***** 1610 LH779 2359 0F81 1930 0F82 2055 S***** 1610 NZ4579 2359 S0229 2220 0F06 1845 S***** 2359 Amsterdam N***** 0755 KL844 0040 FutaoU S09B9 1710 $0990 0105 S0327 0755 KL838 2300
        1,895 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      386 21 Getting ahead by owning a terminal Success of Medcenter at Gioia Tauro shows the value of ownership. Page 2 People The Singapore National Shippers Council (SNSC) has elected the following to serve on the management committee for 1998/99: Ong Khim Kiat 2nd Vice-chairman Michael Toh Honorary secretary Mr Ong Derek
      386 words
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      Page 21 Advertisements Column 2
      116 21 Boeing output may fall 10% in 2000 Decline due to product revamp, sluggish Asian demand. Back Page *VfjßP r i« *tw^BORDERLESS *^gg^, H&f/ ;"S%?S T V;\: |#i* jbddbfS f not' nd lob t "ZSt V; v NVK /s making extraordinary advances in r~* l| T-C shipping history with a fleet
      116 words
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      739 22 f~" t/mman CI I SUPER SHUTTLE EXPRESS IQULF KARACHI EXPRESS (OKX) VOTAGI I IG» SIM VfSSCI VOY I JIA I DMN I RAH I MO I KM I CM I KG I SM OOCL AMERKA 27W530 29/07 14/00 OOa. CALIFORNIA 29W531 OS/M 23/ M NIDUOTD DAMMAM 291 29/07 31/07 31/07
      739 words
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      Page 22 Advertisements Column 2
      689 22 Lines services representee} V- )by MeniDers lne Re 9'Sfyof rwaaf,■ Singapore Freignt Forwarders Acc ea tea Sr pcng Agents Association v£««« JX Srgapore Sh pp.ng Assoc.aton CONTAINERS/CONVENTIONAL CARGO ACCEPTING ON DIRECT SAILING TO MALE ETAPKL ETA SIN ETTA MALE Princess Lily V 0398 1208 14A» 21/08 Princess LOy V 0498
      689 words
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      1068 23 1 SAX SERVKE (DIRECT) I vcsa VOY SMETA UX OAK PAI HOU Of OX MM Ml NYC AWTURQUO6I OIK 12/08 27/08 31/08 31/08 01/09 01/09 02/09 02/09 03/09 03/09 AW SARDONYX OOSt 19/08 03/09 07/09 07/09 08/09 07/0? 08/0? 08/0? 09/0? 09/09 An TOURMAUNI 0191 26/08 10/09 14/09 14/09 jj/W
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      Page 23 Advertisements Column 2
      2015 23 I HANJIN SHIPPING HANJIN SH| W»6 (S) PTE LTD Imp Htm how (Ml BOOKING 3?M?35?37 SAIfV *****24 231 OOOJNtNT m0?7l 774 0«UT)0«S 32W241 75? MAIN UK *****55 FAX *****40 (INO **********0 M TO NW USA CANADA USA CANADA* F0« VSI VOY BAM SM UK HAUL/VOY SEA fiw DIN POX CM
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      Page 23 Advertisements Column 3
      348 23 VESSEL VOY_ _StN_ PK6 VOT SIN HKG «L USR PUS pSSEL^^^poTp!N|PK^^L^^|yOMSWjn^ KMTC PUSAN 810S 07/08 14/06 16/08 18/08 19/08 »tii|>ir, )7{ fyijj} j^ 1 fffir |j$ |tyj}| MONIANH lIS 09/08 11/08 UN 12/08 21/08 KMTC HONGKONG BOSS I flffl I 7S/06 M&B £8 KMTC ULSAN lIIS 14/06 21/08 23/08 25/08
      348 words
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      1313 24 DSR SENATOR UNES TO UK/CONTINENT TO RED SBA/MEDrTERRANEANCANADA VESSEL VQT IT" LEH »W iW KW MY HI Vtati VOY SIN MO CIT in FOS VIC MTR HAMJMI KEELUNG WQB36 14 M MM MM MM MM MM CHOYANG VISION WMKM 13 M MM MM DIM MM MM 12 M HAMJMI WIUUNGTON
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      Page 24 Advertisements Column 2
      1021 24 mjkM MAC-NELS S'ftOftE M'SIA rT-Tri C.rri«: MN CONTR H b(W vj g?y-"?yy«" SI0U:(084)*****9 SwSStSffISJ2T PEHWOJMiaiWM BANGKOK: (683) *****57 (3D6W.107M0M: (61) 6WC3 KUCHMO (O^ilSgT!) XINGANG PORT KELANG/PEMAN6 MV "FRANCONIA" V.FNAI4G ETA SIN 17/08/98 MV BUNGA SATU *8175 ETA SIN: 13/08/98 HAIPHONG CANADA MV "VAN XUAN" V.E5188 MV "HANJIN KOBE" V.073E ETA
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      Page 24 Advertisements Column 3
      442 24 LINE 9y A ni> 2U34S6FAXiISMII3 MUARA 1 LABUAN vissa vor rro m vissa vor no ru SfOtl MUAJU SfOtt UN jftosra v2oi/*o is/os ii/oo iwoski vw/w is/m i*/oo AfttGUJtY V2ll/*0 11/ M 21/00 A«*aO«T V2ll/*8 10/00 12/0$ IPtOSTB V2ll/*0 74/0$ 27/0$ JLPOOSKO V2ll/*0 24/ M M/ 00 tmaarr yra/n a/oo
      442 words
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      Page 25 Advertisements Column 1
      1420 25 VESSEL VQY SIN PGU PKG PEN PQB PUB SHJ BA BIK IRAN TAKHTf PJL 1300 14/08 22/08 23/08 23/08 24/08 IRAN TEYFOURI PJL 1302 19/08 27/08 28/08 28/08 28/08 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I E. AZARBAUAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRCISTAN, TAOZHIKISTAN I GEORGIA
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      Page 25 Advertisements Column 2
      1822 25 TO ISRAEL IN 13 DAYS EVERY THURSDAY I MmSTtSiK 6 SHENTON WAY TEL- 226 1900 FAX: *****08 OUTWARD (l/L) *****02 iOHORE OFFICE; TE ITD #,7 "WI>KiU)G SAIiS/BKGS *****41/43 INWARD DEPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD TOWEB TWO (*****9) CONVENTIONAL *****50/55 T/SHPMT DEPT *****25 TEL: 02-07-35 ***** FAX:
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      Page 25 Advertisements Column 3
      573 25 4-=-, EASTERN CAR LINER, LTD.'^'sSS,?" 1 I Eg (SINGAPORE) Pit ITD 1 SPECIALIZE IN RORO t HEAVY UFT UPTO 122 TONS ECL (SINGAPORE) PTE LTD LOADING FOR YANGON/HAIIXA I COLOMBO/CHITTAGON6 MV "TERESA PRESTIGE" V.19 MV "KEISHUN" V.78 ETA SIN 07/08/98 ETA YGN 12/08/98 ETA SIN 09/08/98 ETA COLOMBO 14/08/98 ETA
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      Page 26 Advertisements Column 1
      1408 26 EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA SGP RDM ANW HBG TUP ZEE LHV LHV THP ROM ANW HOC PKL SOP E. DECENT RW-005 16/08 03/09 08/09 0«/09 06/09 07/09 09/09 E REPUTE RE 015 18/07 21/07 19/07 22/07 24/07 18/08 20/08 E DIAMOND RW 001 25/08 11/09 16/08 13/09 14/09 15,-09 17/09 E GARLAND RE
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      Page 26 Advertisements Column 2
      547 26 I f I* t I—-11 —-1 ijL ,l^^^^ig*""^s~^ M 1 1^" B"**" Kix L* "/j \/f' I Sailing Schedules,! Any destination, any time. 24 hours a day in the Shipping Guide Fax-On-Demand hotline 740 6000. Another innovative service offered by *2* Yggg s f* rt J'>«n P.nxafcrtt Q.w» liir.; r,*M
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      Page 26 Advertisements Column 3
      446 26 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VQT SIN I MU j PUR 1 CPT 1 R/lAV HANSA CASTEUA VOOIS 16/08 2S/0I 29/08 03/09 NAWTAIPKIWCBS V.023S 23/08 07/09 11/09 mfttl QUEEM VO79S 31/08 09/09 13/09 18/09 21/09 NAMTAI OKAGOtI VOOBS 07/09 17/09 21/09 26/09 NANUI PRINCE VO24S
      446 words
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      Page 27 Advertisements Column 1
      392 27 BSA x Mft MYANMA B| FIVE STAR LINE (Myanmar National lino) Loading for Yangon (Rangoon) VESSEL VOT SIN ML PEN PGU SITTWI IIW $U> PATH! IN I$OW SU) MALAYSIA AGENTS: KHJSTUO SHIPPING AGENCIES KUt: HI (03)*****00 PKL TEL (03) 3764)01 PEN: m (04)*****02 PGU: TEL (07) *****21/4 l«| BANK LINE
      392 words
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      Page 27 Advertisements Column 2
      1216 27 HYUNDAI MERCHANT MARINE CO., LTD. I VESSEL VOT SW SOU UH RTM ANT HAW IRV FE~| IVPSB VOT I SOU I 181 I BTM I AitT I HAM I—vl ELM S4BW 13/08 31/08 05/09 02/09 03/09 RHME 521E 17/07 11/07 12/07 14/07 UTS MX HIS 004W 14/01 04/09 05/ M
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      Page 27 Advertisements Column 3
      1128 27 "k norwogion speoohzed oulocameri P? Qmsie TO NORTH Sum'SSSP* RORO HEAYYUFT SERVICE" IVESSEI VOY RAW WIGHT W LAI CRI MIA SAV Ml ORE NYC I NEW j MOI TAPKHA FII6 4001«h 6.3* 15/00 10/09 19/09 22/09 24/09 26/09 27/09 21/09 03/10 06/10 TAMPA FII7 400 Tom 6.3 M 26/08 22/09
      1,128 words
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      Page 28 Advertisements Column 1
      841 28 BANGKOK/ MAP TA PHUT/ LAEM CHABANO JAKARTA/PAN JAMO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN BANI BHUM 11QN IN PT 15/06 14/08 ANRO JAYAKARTA' 051 11/06 15/06 CHANA BHUM" 30N IN PT 14/08 THANA BHUM 299S 12/06 15/08 SINO OCEAN OCNIQ3 12/08 15/08 GURU BHUM 90S
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      Page 28 Advertisements Column 2
      496 28 IBINTANG MAS SHIPPING PTE. LTD, 39 NEIL ROAD. SINGAPORE 0206 TEL *****68 FAX: *****64 TLX: R*****5 SINMER UJK CR No: **********0W Recewing Cargo at PTI I Bintulu I Muara VESSEL VOY SIN |TU V!5$U VOY SIN MUA I Sena V9816E 20-21/08 24/08 MPeori V9813E 12-13/08 18/08 8 Soio WBI7E 02-03/09
      496 words
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      Page 28 Advertisements Column 3
      615 28 Ira ACCORD M\ SHIPPING PTE LTD YfL: *****15 (40 Lm*s) FAX *****30 KtJ KIAHC (03)*****01 1 DIRECT ACCESS TIL s *****55 (EXPORY ROOKING) HSUt GUOAH6 (07)*****/7 *****34 (EXPORT DOC), *****39 (IMPORT) mutK (04) 332 144$ URUHTTP://WWW .ACCORD.COM.SG JAKARTA (71)*****70 i ITA $m PQKT eta sin port eta SIM port em
      615 words
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      Page 29 Advertisements Column 1
      429 29 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE VSI VOY r S PORE I A DAM/W DAM H OURG I gHEHtM* ANTWERP VESSEL 20/10 25/10 OMIT 05/11 TO AUSTRALIA "1 FULL CONTAINER SERVICE VSI I ME I SYPI MR MA Mtffli P*o NEDtIOYO BRBWK IB IMB IMN ?1« 7M» H/00
      429 words
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      Page 29 Advertisements Column 2
      981 29 ADVANCE CONTAINER LINES (PTE) LTD ft P 140 Cecil Street, #12-00, PIL Building, Singapore *****0 M Li Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL ——CR NO. **********0E OPERATIONS: *****6 a *****05 I BANGKOK JAKARTA (WMtly 5 SIQI PAT/2 SIQ« LCH/ 1 Sl| MIT) (8 fallHm/Wwt) VESSCI VOY SM
      981 words
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      Page 29 Advertisements Column 3
      888 29 VF SSfl S VOY SIN J6D MLA LEH HAM THP RTM ZEE V-LE DE TAURUS A27W 17AM 26/06 31/06 06/09 07/09 09/09 09/09 10/09 W-LE D'AQUARIUS U27W 2S/06 02/09 07/09 12/09 14/09 17/09 17/09 18/09 VILLE DE ANTARES L27W ~01A» 09/09 14A» 20/09 21/09 23/09 23/09 24/09 VtXEDE VIRGO S27W
      888 words
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      Page 31 Advertisements Column 1
      59 31 SfMj Dial 740-6000 on demand —(Retrieve more schedules!) Press "1" Select the port and key in the four digit code —«eg: To New York (NYC) 2275 s i£) Key in your fax number I your phone number Another innovative service offered by The document Will be Shipping Times !3LJ faxed
      59 words
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      Page 33 Advertisements Column 1
      50 33 BWBi|l||||lMii I VaMI S«| Dial 740-6000 on demand (Retrieve more schedules!) Press "1" Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number if STjUlEnter your phone number Another innovative servke offered by document Wi 11 be SHIPPING TIMES
      50 words
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  • Page 35 Miscellaneous
    • Miscellaneous
      Page 35 Miscellaneous Column 1
      132 35 3-10 M W :TTTTl^^— LEGEND R Thunderstorm Temperature X\ V Shower Weather Wmd direction with speed in knots Ram Cloudy Sky Wove height Surface winds ore .ndicoted by orrows which fly with the wmd V One ful circle represents calm or hght and variable wmds W One half Heche represents
      132 words
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      Page 36 Advertisements Column 1
      401 36 ASIA WESTBOUND R>TE AGREEMENT (A REGIONAL UNIT OF InE FAR EASTERN FREIGHT CONFERENCE) NOTICE OF RATE RESTORATION 1 OCTOBER 1998 ASIA AND JAPAN TO NORTH EUROPE RECONFIRMATION TO THE TRADE The Member Lines of the Asia Westbound Rate Agreement (AWRA) reconfirm their earlier announcements of the 1 October minimum Rate
      401 words
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      Page 36 Advertisements Column 2
      18 36 The Straits Times CLASSIFIED Where buyers and sellers meet Find a used furniture at a bargain. CAT AI
      18 words