The Business Times, 13 August 1998

Total Pages: 40
1 40 The Business Times
  • 12 1 THE BUSINESS TIMES MITA(P) 110/12/97 BoC SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, AUGUST 13,1998
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  • 66 1 □sra W6177'(-12.16) BT-SRI 412.09 (-1.65) BTCOMP 808.81 (-4.36) BTMGA 561.00 (-3.18) 0 MARKET MOOD: Mixed STOCK MARKET INDICES Wednesday Change KLSECOMP 342.J9 +7.49 NIKKEI 15,178.97 -28.02 HANG SENG +7953 SET INDEX dosed JAKARTA COMP 408.64 +158 MANILA COMP —1,107.30 -66.89 TAIPEI WPI 7,151.51 -32.47 SEOUL COMP 306.35 -5.90
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  • 78 1 (Source: NatWest Bank) FOREX SATES us$ s$ US$ 1.747 £(US$/S$ per 1.634 2.864 DM 1.779 0.982 YEN 145.9 1.(97 RM 4.204 0.415 HKS 7.748 0.225 BAIIT 41.85 0.042 RliPIAH 12,865 0.014 SS to 100 units PRIME RATES SINGAPORE* 7.88 KUALA LUMPUR 11.50 JAKARTA 28.00 BANGKOK 14.75 MANILA 2190 HONG
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  • 1148 1 Foreigners will also be allowed 100% ownership of S'pore broking firms Reports fy/Catherine Ong [SINGAPORE] Commissions for all share trades in Singapore will be freed up within five years, by which time foreigners will also be able to own 100 per
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  • 484 1 Committee to be set up; annonncement to be made shortly [SINGAPORE] The Monetary Authority of Singapore (MAS) is setting up a committee to look into whether the management of the Stock Exchange of Singapore (SES) should be made separate from its ownership, it
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  • 621 1  -  Other regional marts stabilise after Tuesday's battering By R Sivanithy, Larry Wee [SINGAPORE] The Straits Times Industrials Index closed below 1,000 for the first time in 10 years yesterday, reflecting regional currency concerns and fears of a Wall Street crash. Other regional markets managed
    Source: Bloomberg  -  621 words
  • 76 1 Bloomberg [NEW YORK) US stocks rose yesterday, recovering part of Tuesday's losses, as investors bought beaten-down shares on expectations that a growing economy with low interest rates will boost profits. At 1 pm EDT. the Dow Jones Industrial Average had risen 97.58
    Bloomberg  -  76 words
  • 964 1  -  liy I Siow Li Sen [SINGAPORE] DBS Bank yesterday posted a hefty 50.2 per cent fall in group net interim profit to $178.6 million. Hurting earnings was a 502 per cent surge in provisions to $315.5 million as the impact
    SIEW YAW HOONG  -  964 words
  • Page 1 Advertisements
    • 126 1 prams Hock Lock Siew Until legislation allowing share buybacks is introduced, other cash-rich listed companies might want to take a leaf from SPH's capital reduction proposal, Pg 15 On the property front What's up at the Blissville, Woodsvale and other projects? Pg 4 Special 301 The US has put Taiwan
      126 words
    • 11 1 USS falls, Pg 5 Editorial: When Wall Street wobbles, Pg 11
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    • 67 1 Past policies not conducive to ownership changes, Pg 16 More reports, Pg 16 You never actually own a Patek Philippe. You merely look after it PATEK PHILIPPE GENEVE for the next Begin your own tradition. jr 4T Roy Eastern Watch #01-86/88 #01-74 Lucky Plaza 304 Orchard Road Singapore *****3. Tel:
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    • 7 1 DBS, OCBC get renminbi nod, Pg 15
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  • SINGAPORE AT HOME & ABROAD
    • 256 2 THE government and intellectual property rights (IPR) owners have seized more than 160.000 articles in the first half of the year as part of their fight against copyright piracy here. The seized items comprise 105.796 video compact discs (VCDs), 13.728 CD-ROMs, including business
      256 words
    • 590 2  -  Asia stands a good chance of recovery in two or three years' time if it adopts the right polities w Wong Wei Kong AS the biggest economy in Asia, Japan is in a position to lead the region out of its
      ARTHUR LEE  -  590 words
    • 243 2 THE Online Technologies Consortium (OTC). a local online industry group backed by National Computer Board (NCB), introduced eight virtual community projects and signed on 14 key local players at its members' forum yesterday. "The emergence of virtual communities has given rise to the
      243 words
    • 353 2  -  EYE ON THE ECONOMY Employment By. Audrey Tan THE total number of jobs in Singapore shrank in the last quarter, in the first contraction since 1986. latest figures from the Ministry of Manpower show. There was a net shrinkage of 2.800 jobs over
      Source MOM  -  353 words
    • 515 2  -  BP S'pore assures staff there will be 'hardly any impact' on their jobs: sources Ronnie Lim WHILE the full impact on their Singapore and Asian operations is far from clear yet. British Petroleum's acquisition of US oil company Amoco Corp could potentially generate
      515 words
    • 340 3  -  With drop in tourist arrivals, most hotels may post 30-40% profit drop: analysts By Ang Wan May SINGAPORE hotels are likely to spring few surprises, with most likely to post double-dig-it falls in earnings for the first six months this year, analysts
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    • 331 3  -  Developer to hold remaining 181 waits in freehold condo in view of soft demand By: David Boey SOME 30 per cent of the 209 Thomson 800 units released for sale so far have found buyers, Hongkong magnate Li Ka-shing's Singapore-based real estate company,
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    • 365 3  -  By] David Boey EARLY bird discounts and other cash incentives dangled by Pidemco Land have helped the company sell about one quarter of its Woodsvale executive condominium in just four days. A Pidemco spokesman yesterday said 120 units of
      FILE PHOTO  -  365 words
    • 542 3  -  Already, some deals done on Islamic finance originate here bnt are booked in Bahrain or London By I Siow Li Sen SINGAPORE can become the Asian centre for Islamic banking and the raising of Islamic funds because it already has many of
      542 words
  • Page 2 Advertisements
    • 128 2 f! FINANCIAL TIMES PITMAN PUBLISHING Th© BEST of FT en BUSINESS MANAGEMENT L R Books I $SAO o „Hi WHY BUY HUH BUSINESS BOOKS IN HARD TIMES gß|R'j Upgrade show you understand what is going on. I I. t D V. R S 1(11 I ttunfstty Sfknafc g|j||jj|flK' gb r
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  • Page 3 Advertisements
    • 21 3 Ira iho crrMnTcNN^"^"^^2f^— Re: Business Programs we wW review tracing W^M l^H Wortd 8 WW* iH if H ufl B| y|
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  • FOCUS: PROPERTY
    • 671 4  -  Developers said to be looking at $750-$ BOO range, compared to the '96 peak of $1,000 for projects in the area By, Jenny Lam [SINGAPORE] THE developers of Blissville condominium in Bukit Timah Road are considering selling it at below $800 per square foot,
      671 words
    • 923 4 Property transactions for district 11 and 21 (sectors 28 to 30 and 58 to 59) lodged between July 4 and August 8, 1998. PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/ PRICE PSF STREET NAMF TYPE OATE LANO AREA" (SOFT) (S$000) (SS) District 11 Non-landed Euro-Asia View Apt 06/15/98 999
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  • Page 4 Advertisements
    • 73 4 1 i|l v w pB ■L I U\ m f Collyer Quay f 16-00 Hongkong Book ISs! Singapore Fax 225)987 1 ill 1 in ri M y£ fl I Alexandra Leng Kee Road Land Area 29,000 sq ft Building 2-storey with fully-aircon showroom/office store (built-up area 20,000 sq ft) Development
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    • 358 4 Commercial Space at 1 Prominent commercial development for sale by private treaty I fronting Singapore River in the <~ A/ I heart of town. —j Commercial space of 39,095 sq ft (approx). Single strata unit occupying part of the 2nd and 3rd storeys with a private lift well at basement
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  • ASIA'S ECONOMIC SLUMP
    • 383 5 Reuters [WASHINGTON] President Bill Clinton and senior officials discussed Asia's deteriorating economic situation on Tuesday, as analysts said the US may let the Japanese yen slide out of frustration with Tokyo's promise of reforms. Tokyo's repeated failure to deal decisively
      Reuters  -  383 words
    • 343 5 AFP [SHANGHAI] The Chinese yuan soared on the black market yesterday as the central bank pursued its intervention to hold the official rate after warning speculators to back off, dealers said. Black market dealers, who have been driven underground, said the
      AFP  -  343 words
    • 512 5  -  50% of expenditure goes to repayment and subsidies Fran Shoeb Kagda in Jakarta INDONESIA, already facing a severe debt crisis, may be plunged further into financial turmoil if the government is unable to meet its present budget requirements, economists and
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    • 540 5 Greenback plunges to 145.40 on panic selling bat recovers some ground later Bloomberg AFP [TOKYO] The dollar fell from an eight-year high against the yen after two top finance ministry officials said Japan is ready to support the yen.
      Bloomberg; AFP; Source: Bridge  -  540 words
    • 299 5 Reuters [TOKYO] Japan's cabinet approved more stimulus for its ailing economy yesterday, with the government working out budget guidelines allowing for a large dose of public works spending. Finance Minister Kiichi Miyazawa told a news conference that broad guidelines in place included a special
      Reuters  -  299 words
    • 471 5  -  Hesaysgovthas made preparations to counter bid to unhinge peg From Quak Hiang Whai in Hongkong FINANCIAL Secretary Donald Tsang sounded a warning to speculators attempting to unhinge the Hongkong dollar peg as the territory's bourse experienced a volatile day of trading yesterday. Returning from a trip
      AFP  -  471 words
    • 398 5 Some economists now put GDP contraction in Q2 at 5-7% Reuters [KUALA LUMPUR] Malaysia's industrial production fell 6 per cent in June year-on-year and analysts said the grim news meant the economy contracted sharply in the second quarter. The industrial production index fell
      Reuters  -  398 words
    • 317 5  -  From. Al Labita m Manila THE Philippines will raise US$l billion (551.74 billion) from foreign capital markets this year to offset the government's mounting budget deficit. Finance Secretary Edgardo Espiritu said the amount, to be split into two tranches of US$5OO million each, will
      317 words

  • SOUTH-EAST ASIA
    • 487 6  -  Divisions could derail recovery; opposition plans no-confidence motion Frot) Alan Boyd in Bangkok THE governing Democrat Party has moved to suppress widening internal divisions that are threatening to derail Thailand's sluggish recovery. In a marathon five-hour session on Monday night, the party's
      487 words
    • 436 6 KUALA LUMPUR Concern is over outsiders not M'sians: US official AFP SECURITY was tightened around the US embassy here yesterday after the State Department warned of a threat to US interests in Malaysia following bomb attacks in Kenya and Tanzania which killed more
      AFP  -  436 words
    • 322 6 KUALA LUMPUR Johor mentri bes&r says water pact will be honoured Bernama MALAYSIA does not propose to take any action on the lighthouse issue in Pulau Pisang, near Pontian, west Johor, unless the situation warrants it. Foreign Minister Abdullah
      Bernama  -  322 words
    • 158 6 KUALA LUMPUR Bernama KHALID Jafri, author of a controversial book which allegedly defames Malaysian Deputy Prime Minister Anwar Ibrahim, was charged in the Sessions Court here yesterday with maliciously publishing false news. Khalid, 58, pleaded not guilty. The book, 50 Dalil Mengapa Anwar
      Bernama  -  158 words
    • 226 6 JAKARTA Bloomberg INDONESIA has begun criminal investigations into the employees and managers at the nine banks it closed and liquidated last year, the country's central bank said yesterday. Bank Indonesia director Achjar Ilyas declined to name the banks or provide details of the
      Bloomberg  -  226 words
    • 154 6 KUALA LUMPUR Bernama A BUSINESSMAN was charged in the High Court here yesterday with unlawful possession of 125 rounds of live ammunition. S Nallakaruppan. 52, a director of Magnum Corporation Berhad, pleaded not guilty to unlawfully having in his possession the 125
      Bernama  -  154 words
    • 209 6 ■JAKARTA Reuters THE head of the Indonesian Chambers of Commerce has suggested that the government redistribute the nation's wealth through measures that give special privileges to indigenous Indonesians, a local newspaper said yesterday. Bisnis Indonesia quoted Aburizal Bakrie, who is also
      Reuters  -  209 words
  • Page 6 Advertisements
    • 780 6 ;'r FORTIS BANK NEDERLAND N.V. FORTIS <INCORPORATED IN UTRECHT WITH LIMITED LIABILITY) CONSOLIDATED BALANCE SHEET CONSOLIDATED PROFIT AND As at 31 December 1997 (after profit appropriation) LOSS ACCOUNT (m millions of Dutch guilders) For the year 1997 ASSETS 1997 19% (in millions of Dutch guilders) Cash 542 475 REVENUE 1007
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    • 10 6 US ideas of world leadership provoke attacks abroad, Pg 9
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  • CHINA-HONGKONG-TAIWAN
    • 252 7 BEIJING AFP A CHINESE court yesterday convicted four Taiwan businessmen of spying for the island's military intelligence bureau, sentencing one, Kou Jianming, to four years in prison, Xinhua reported. The Beijing Number One Intermediate People's Court exempted the other three from criminal
      AFP  -  252 words
    • 411 7  -  Steep plunge reflects 21% drop in visitors From Loh Hui Yin in Hongkong INCOME from tourism, a major money spinner for the Hongkong economy, has plunged 35 per cent to HK525.6 billion (Sss.B billion) in the first half of this year. The decline in tourism
      411 words
    • 322 7 SHANGHAI But they say move to open yuan business not deep enough AFP FOREIGN bankers in Shanghai yesterday welcomed China's move to further open the local currency business but said the liberalisation was still not deep enough. "Any move to relax the renminbi business is
      AFP  -  322 words
    • 274 7 CHINA FLOODS Reuters [BEIJING] Chinese officials have warned of a massive outbreak of infectious disease as living conditions in flood relocation camps stretch human tolerance. "The possibility over the next several months of a large-scale outbreak of intestinal, insect-transmitted and parasitic diseases cannot be ruled
      Reuters; AFP  -  274 words
    • 429 7  -  Little done to curb intellectual property piracy, it claims From Laurence Eyton in T(ii/)ei THE US Trade Representative Office (USTR) has placed Taiwan back on the "Special 301" watch list, claiming that the island has done too little to address the
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  • Page 7 Advertisements
    • 119 7 Renminbi nod for DBS, OCBC branches, Pg 15 am tree t(» appreciate what I have bfi■•■ AS"Ji■> ">IP bee ausc I have one of (he WO fid S IclFgCSt I nallc i a I m i!sin i sat ions beh i iul MIC. When you enter your local Hongkongßank you
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  • ASIA
    • 507 8  -  New Zealand First chief, 4 colleagues quit over Wellington airport stake sale FYorn David McLoughlin in Auckland NEW Zealand was plunged into a severe political crisis late last night when Deputy Prime Minister Winston Peters and members of his
      FILE PHOTO  -  507 words
    • 229 8 WELLINGTON Bloomberg NEW Zealand's economy was probably in recession in the first half of 1998 and Asia's turmoil poses considerable risks for growth, Secretary to the Treasury Alan Bollard said. "Data we have to date on the June quarter suggests another quarter of negative growth
      Bloomberg  -  229 words
    • 221 8 SEOUL Bloomberg HYUNDAI Motor Co's management and labour unions failed to cut a deal over mass lay-offs yesterday, raising the likelihood the government will use the police to help end the prolonged strike this week. Negotiations launched on Monday were aimed at defusing
      Bloomberg  -  221 words
    • 409 8 SYDNEY He calls letter from 'Hanson man' one of most vile attacks on Asia and Asians AFP AUSTRALIAN Foreign Minister Alexander Downer yesterday demanded anti-Asia MP Pauline Hanson dissociate herself from a racist letter to a Thai daily from a man claiming to be
      AFP  -  409 words
  • Page 8 Advertisements
    • 1331 8 I ©DBS BANK THE DEVELOPMENT BANK OF SINGAPORE LTD (Incorporated in the Republic of Singapore) To: All Shareholders The Board of Directors of The Development Bank of Singapore Ltd wishes to make the following announcement: 1. UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1998 DBS BANK Q25 GROUP
      1,331 words

  • THE WORLD
    • 826 9  -  WASHINGTON US rhetoric stresses universal principles but real policies are another matter By Jonathan Clarke The writer, a former member of the British diplomatic service, is with the Cato Institute in Washington LAT-WP THE two bombs in Nairobi and Dares Salaam brutally
      LAT-WP; REUTERS  -  826 words
    • 670 9  -  Focus on Clinton's sexual peccadilloes seen as dangerous diversion from vital world issues COMMENTARY Tom Plate Sometimes outsiders, especially when they have so much at stake in what we do. can see us more clearly than we can see ourselves. Asians who are the
      670 words
    • 235 10 WASHINGTON FEDERAL and state regulators on Tuesday announced a crackdown on US$lOO million (Ssl7s million) worth of bogus investment opportunities in the entertainment industry, in which consumers have lost millions of dollars. The glamour of show business and recent film successes such as Titanic
      235 words
    • 434 10 WASHINGTON It'll take some time for Asia to stabilise and world economy to recover, he says Bloomberg FINANCIAL instability in Asia is having a "significant effect" on the US economy. Treasury Secretary Robert Rubin said. "There's no question" reduced demand
      Bloomberg  -  434 words
    • 318 10 WASHINGTON Parallels between '29 crash and Tokyo fall raised at forum Reuters FEDERAL Reserve chairman Alan Greenspan has expressed fears the US economy could be damaged if stock prices fell dramatically in the same way they did in Japan in the late 1980s,
      Reuters  -  318 words
    • 296 10 MOSCOW Reuters PRIME Minister Sergei Kiriyenko vowed yesterday to press on with reform as Russia's stock market, in near free-fall early this week, managed a modest gain and striking miners agreed to end a railway blockade. "There will be no changes
      Reuters  -  296 words
    • 293 10 LONDON Bloomberg STRONGER than expected wage growth in the UK will lead to a temporary acceleration in inflation later this year, the Bank of England said, warning that it could not guarantee that interest rates had peaked. The recent jump in wages means it
      Bloomberg  -  293 words
  • Page 9 Advertisements
    • 13 9 v, v V -'V' H K SYM^^'" "Custon, we no have a problem."
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    • 93 9 Times Columnist Tom Plate teaches at UCLA Meet the George Soros of Ang Mo Kio. #?< m JP II -—-J-. Raymond Quah of Anq Mo K o leads in The Game the investment competition 'rein Standard The hHTTIP Chartered His unit trust portfolio has appreciated by 24 2'' to over
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  • Page 10 Advertisements
    • 177 10 Waiting till 1999 1 may be too late! I Many foreign subsidiaries have already received instructions from their Head Offices to ensure Year 2000 compliance for their payroll software by December 31,1998. If you are still using a Non-Year 2000 payroll package, it is time you called us. We are
      177 words
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  • EDITORIAL & OPINION
    • 710 11  -  THE BOTTOM LIME OPINION By Leon Hadar The writer is BT's Washington correspondent EVEN under the most favourable domestic political conditions, President Clinton would have found it difficult to deal with the foreign policy challenges posed to his administration by two recent dramatic developments:
      710 words
    • 156 11 'If it s a choice between maintaining an international system by not devaluing and having riots in the streets of Beijing, they'll devalue.' Birlnrj BlhWB chairman and president of Babson United Inc. an investment advisory firm with US$2 billion (553.5 billion) under management. This is a correction.
      156 words
    • 696 11 EDITORIAL HAVE we at last come to the end of the greatest equity show on earth? In just 17 days—yesterday's contribution excluded US share prices have fallen by a shade under 10 per cent Alarm bells are ringing in financial capitals around the world. If the
      696 words
    • 1118 11  -  Germany's culture of family-owned and state-dominated groups is giving way to stock offerings and a focus on profits By( Graham Bowley FT Only a few years ago corporate Germany was seen as a land dominated by mediumsized, family-owned Mittelstand companies and huge, partly state-owned industrial monoliths. Hard-working
      FT; FILE PHOTO  -  1,118 words
    • 517 11  -  MAILBOX Ranjit Gill Singapore GIVEN the sharp drop in property prices and the significant increase in interest rates, I wonder if the government would consider a scheme to alleviate the hardship of property owners and their families. Let us dub the scheme the Property
      517 words
    • 346 11 Some kind of restitution IT is now clear that so many injustices were committed during the 32 years of the New Order regime. Many of these atrocities only started to come to light after the resignation of (former president) Suharto on May 21, as people broke
      346 words
  • Page 11 Advertisements

  • EXECUTIVE LIFESTYLE
    • 698 12  -  His play about an isolated religious community anxiously awaiting the apocalypse stuns classical opera lovers, reports euumtatlor KARIN TAYLOR Reuters Classical opera lovers, more used to enjoying the works of Mozart, Puccini and Verdi, were stunned at this year's Salzburg Festival when they were
      Reuters  -  698 words
    • 604 12 HEALTH People on vegetarian diets tend to have lower blood pressure Reuters [WASHINGTON] High blood pressure can be prevented not only by using less salt, but also by eating more fruits and vegetables, researchers said on Tuesday. A recent study has prompted
      Reuters; FILE PHOTO  -  604 words
    • 254 12 PEOPLE Reuters [LONDON] Princess Diana encouraged her sons. Princes William and Harry, to copy her good works and write comforting letters to a young girl undergoing a heart transplant. The letters from William, now 16, and Harry, 13, to 15-year-old Victoria Hemphill, were sent
      Reuters  -  254 words
  • Page 12 Advertisements
    • 1600 12 I *&M BBL I Bank Brussels Lambert I Incorporated in Belgium (All figures quoted in thousands Belgian francs) I Consolidated Balance Sheet Consolidated Income Statement I ASSETS 31.12.1997 31.12.19% INCOME 1997 19% Cash and balances at Interest receivable and similar central banks and post office income 227,302,682 214,993,787 banks 10,762,176
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  • Page 12 Miscellaneous
    • 210 12 tub WEAT ITCT Singapore* Showers with thunder in the early evening mainly over Northern Singapore. Temperature (24/29 C) AsU-Paolllo WO* Cood. Jerusalem MW2 rlntxK Smekhohn 12/17 An**™ Auckland 9/15 ffcwdy Mecca »44 rtnuily Vienna 18/90 stnrws Han*ok 2532 Am* IV2B rfcwdy 22-33 rloudy BMpi Lc/Hl* Cond. Hodihay R3I \iMrrttan 16."24
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    • 422 13 Pidn't (n ItMtf? I read it in Cats' Mewsi ClUl Cilt' Im SiiUay ClanifiH thit «itltu4. J i M [CATS. I 11/Unfo j-/\ iirifin /]mA otl/l Anfnnfnin Presented Diners Club Offers FREE SOS Global To wiy. caU: Wllciv 10 Wine, dine cUIQ CntCriHiniM v international Emergency Referrals Whilst overseas. .--T™"**,
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  • Page 13 Miscellaneous
    • 869 13 TV&RADIO 6.00 News 5 Today Followed 5.05 Zhong Guo Qing Dai Premiere 13 By Can (Teen Pro- Gong. 2.30 TV Innovations. gramme With An Atti- 5.35 Snow White. 4.00 Kidz Blitz: Walter Mel--6.30 The Prime 12 4.30 Noah's Island. 7.00 News 5At Seven. g.oo AM CDIS. HIWm 1^ 5.00 Sports
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  • Page 14 Advertisements
    • 123 14 HONDA A Car Ahead Think luxury. i-~- .^BH^^.* 6§> -'*—-^rzrir:: irr j C/ 5 c/) UJ X O C/) LU o o < Think the new Odyssey 2.3 VTEC. I }y>// Avwir how good the ()dyssey is in terms of styling and space. Hut what makes it truly great is
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  • COMPANIES & MARKETS
    • 574 15  -  Best of projects in HK and Shanghai may be launched in last quarter By, Jenny Lam [SINGAPORE] DBS Land has delayed the launch of two overseas residential projects The Greenfields condominium in Hongkong and Seasons Court in Shanghai following weaker property market
      574 words
    • 209 15 Bloomberg [KUALA LUMPUR] Technology Resources Industries Bhd (TRI), Malaysia's largest cellular phone company, said it lost money for the six months ended June as borrowing costs rose after the ringgit's fall, and fewer calls were made. TRI said it
      Bloomberg  -  209 words
    • 781 15  -  HOCK LOCK SIEW R Sivanithy ONE of the few bits of excitement in the local market in recent months came last Thursday when Singapore Press Holdings (SPH) announced a 10 per cent capital reduction proposal. Aside from generating some buzz,
      781 words
    • 216 15 [SINGAPORE] Diversified construction concern Wee Poh Holdings is suing a Malaysian law firm in Kuala Lumpur for more than 2.8 million Malaysian ringgit (551.16 million). The company said yesterday that on July 9 it issued a writ of summons in the
      216 words
    • 243 15  -  They'll be allowed to conduct transactions in Chinese currency David Boey (SINGAPORE] Two of Singa pore's largest banks, DBS Bank and OCBC Bank, announced yesterday that their Shanghai branches have received in-principle approval to start conducting transactions in the Chinese currency, the renminbi.
      243 words
    • 296 15  -  By i Chuang Peck Ming (SINGAPORE! Economies flourish when they have wide and deep access to capital markets, and Singapore tops the emerging markets in this respect, says a new ranking by the Milken Institute. Taiwan is second and Hongkong third,
      296 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • 639 16  -  SES REVIEW COMMITTEE REPORT Excessive linking of ownership and management, says review committee Reports by< Conrad Raj [SINGAPORE] The stock exchange's policies of the past decade had not been conducive to ownership changes and had "excessively linked ownership and management", the SES Review
        FILE PHOTO  -  639 words
      • 588 16  -  By Ven Sreenivasan [SINGAPORE] The broking community generally welcomed the SES Review Committee's (SESRC) recommendations on the development of the Singapore capital market, with most broking firms describing them as sensible and timely. Heads of several broking houses contacted by BT said the recommendations,
        588 words
      • 398 16 (SINGAPORE] There will be greater transparency in the running of the stock market if the recommendations of the SES Review Committee for a change in the regulatory environment are implemented. "While there may be a need for internal guidelines in regulating members, they should be kept
        398 words
      • 587 16 Investment and risk hedging products will attract foreigners TO offset the loss of income from a reduction in commission rates, broking firms want to expand on the scope of services they are now allowed to offer. Currently, more than 90 per cent of their income
        587 words
      • 363 16  -  By l Catherine Ong [SINGAPORE] The Monetary Authority of Singapore has given the thumbs-up to the introduction of listed property trusts (LPTs) and real estate investment trusts (REITs) as a way to broaden the range of instruments available to investors in
        363 words
      • COMPANY Briefs
        • 95 16 [SINGAPORE] Eltech Electronics* net earnings rose 5 per cent to $2 million for the six months ended June 1996. Turnover of its contract manufacturing business was up 5.7 per cent to $62.6 million and contributed $4.9 million to group bottom line. But the group made
          95 words
        • 57 16 [SINGAPORE] Paper merchant Hiap Moh plunged into the red with a loss of $753,000 for the half-year ended June, 1998 against a profit of $469,000 in the previous corresponding period. Turnover shrank 17.8 per cent to $17.3 million due to "difficult trading conditions". No improvement
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        • 30 16 [SINGAPORE] Creative Technology announced yesterday that Dream Works Interactive's newest 3D action adventure game, Trespasser, has been adapted to fully utilise its Environmental Audio platform.
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        • 76 16 [SINGAPORE] Singapore Airlines will second two of its senior pilots to China Airlines, following a recent signing of a Memorandum of Understanding (MOU) to form a strategic alliance and buy equity in the Taipei-based carrier. The two pilots, Capt Pow Tuk Kwan. 54,
          76 words
        • 80 16 [SINGAPORE] Pacific Century Group (Cayman Islands) Ltd (PCG) has made an unconditional cash offer to acquire all Pacific Century Regional Developments' (PCRD) ordinary stock units at $1 each which It does not already own, control or has agreed to acquire or are owned by any
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    • COMPANIES
      • GLOBAL Briefs
        • 51 17 AFP [HONGKONG] Hongkong's Lippo Securities has laid off eight research staff, saying it sees no quick turnaround from the slump, a spokesman said. The eight include three analysts, the head of research and four support staff. Lippo now has a research team of three.
          AFP  -  51 words
        • 65 17 FT [STOCKHOLM] Electrolux, the world's largest supplier of household appliances, on Tuesday announced a sharp increase in first-half profits as European and US demand overcame sales declines in Asia and Bra2il. Underlying profits at the Swedish group jumped 31 per cent to 3.05 billion Swedish
          FT  -  65 words
        • 67 17 Bloomberg [JOHANNESBURG] De Beers/Centenary AG, the world's largest diamond seller, said first-half profit fell 33 per cent as recession in Asia cut demand for luxury products such as jewellery. Net income in the six months to June 30 fell to US$4O5 million (*****.7 million),
          Bloomberg  -  67 words
        • 54 17 Bloomberg [SANTA MONICA, California] GeoCities, a US company that lets Internet users set up their own sites on the World Wide Web, more than doubled in its first day of trading on Tuesday. Shares of the company soared US$2O 5/16 to US$37 5/16 on
          Bloomberg  -  54 words
      • 504 17  -  But it manages to increase luxury car share in key markets across the region By' Ven Sreenivasan [SINGAPORE] The regional economic crisis has driven down the sales of BMW cars in Asia by some 31 per cent to 33,700 for the
        504 words
      • 446 17 Bloomberg [KUALA LUMPUR] Star Publications Bhd, a Malaysian publisher, slumped as much as 3.3 per cent after it posted its first profit decline since it went public three years ago, hurt by lower advertising revenue and higher costs. Shares in Star, which publishes the
        Bloomberg  -  446 words
      • 546 17 Wall Street investors sift for dues on its direction NYT [NEW YORK] An agonising waiting game is under way on Wall Street as investors look for clues to how long the latest stock market correction will last, and how bad it
        NYT  -  546 words
      • 430 17  -  Problem paying third instalment of RM5O.Bm, says Ho Hnp annual report From Meera Tharmaratnam in Kuala Lumpur HO Hup Construction Company Bhd, an associate of United Engineers (M) Bhd, said yesterday it is renegotiating a land purchase agreement with Renong unit Prolink
        430 words
      • 164 17 Reuters [PROVIDENCE, Rhode Island] Textron Inc said on Tuesday it had agreed to sell its Avco Financial Services unit to Associates First Capital Corp for USS3.9 billion (556.9 billion) in cash. Textron, a diversified conglomerate with aircraft, automotive and other operations, said after-tax
        Reuters  -  164 words
      • 200 17 Reuters [WHITE PLAINS, New York) IBM Corp said on Tuesday that it has created an independent software company that will focus on the highgrowth customer relationship management market. W Scott Webber, former chief executive officer of Software Artistry, will serve as CEO of the
        Reuters  -  200 words
      • 326 17  -  Decision follows poor investor reception to some recently listed property trusts f-Yor, Russell Baker in Sydney AUSTRALIAN listed property group Ipoh Ltd has scrapped plans to inject its major asset, the prestigious Queen Victoria Building in Sydney, into a retail property
        326 words
      • 161 17 Reuters [MELBOURNE] The Broken Hill Pty Co Ltd has cut its steel export exposure to Asia to about one-third of its worldwide exports in June and July by shifting sales to other regions. "BHP Steel has reduced its exposure to
        Reuters  -  161 words
    • FINANCE & COMMODITIES
      • 314 18  -  The Aussie bank expects challenging year ahead with weak credit demand Frch Russell Baker in Sydney AUSTRALIA'S leading home loan provider, the Commonwealth Bank, managed only a one per cent rise in net profit to A 51.09 billion (551.13 billion) for the year to
        314 words
      • 342 18 Weak Asian demand, glut of global grain processing capacity blamed for fall Bloomberg [MINNEAPOLIS] Cargill Inc, the largest closely held US company, said fiscal 1998 profit fell 43 per cent amid reduced Asian demand for its products and a glut of global grain-processing capacity.
        Bloomberg  -  342 words
      • 298 18 Bloomberg [NEW YORK] Lord, Abbett Co, a fund manager investing more than US$2B billion (5549.2 billion) for individuals and institutions, is acquiring an initial 25 per cent stake in a European fund management affiliate of Tokyo's Fuji Bank Ltd. Closely held Lord, Abbett, which now
        Bloomberg  -  298 words
      • 153 18 Reuters [LONDON] UK insurance body Lloyd's of London on Tuesday denied suggestions that a dispute with tax authorities meant it had duped investors out of substantial profits over the last three years. In an unusual step, Lloyd's issued a statement denying a story
        Reuters  -  153 words
      • 330 18 Bloomberg [SAN FRANCISCO] Charles Schwab Corp, the largest US discount broker, faces possible Securities and Exchange Commission charges stemming from alleged price fixing on Nasdaq securities, the firm disclosed in a regulatory filing. SEC staff is recommending that the agency take
        Bloomberg  -  330 words
      • 230 18 SIMTTX Report Reuters [SINGAPORE! Simex Euroyen and Japanese government bond (JGB) futures firmed yesterday as the yen staged a modest recovery against the US dollar after the Japanese authorities warned of possible forex intervention. Dealers said concerns about the health of Japan's banking
        Reuters  -  230 words
      • 173 18  -  MSCITAIW AM FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures finished almost unchanged as the Japanese yen was more stable yesterday morning. The 2.53 per cent drop in the Nasdaq Composite Index overnight had depressed sentiment earlier
        173 words
      • 273 18 ENERGY REPORT Reuters [LONDON] World oil prices took a modest breather yesterday, correcting after a chilling sell-off this week saw prices plunge to fresh 10-year lows on continued worries over bulging stocks. Global benchmark Brent crude lost over a US dollar this
        Reuters  -  273 words
      • 279 18 Bloomberg London THE US dollar fell for the first time in four days against the yen. dropping from an eightyear high, after Japan's Eisuke Sakakibara suggested a move to support the yen is imminent. "His comments have more weight than (Prime Minister Keizo) Obuchi because of his influence
        Bloomberg  -  279 words
      • Article, Illustration
        1251 18 nrTERBAJTg CROSS RATES Augl2 CS Kwfc ECU ffr Pi HM MisNytofc Y— Won W IB$Mb ha land Sir gg UM Nwd OSS Australia 0.908 6.178 0.539 3161 1.062 4.628 25.756 76.836 0.871 7.949 2.511 1.181 ***** 25.783 1043 3.760 0.890 20.713 24.995 0.365 0.597 Canada 1101 5.459 0.593 3.921 1.169
        1,251 words
    • 1777 19 SICOM Aug 12 RU66CR (Mures ctaMqM at SJOfn) RSSI CONTRACTS cmIsAq) CtoM VolWM Open Month Hjgh Low Sott (tows) Interest Sop 96 112.00 112.00 112.50 50 490 Oct 98 112.50 M50 Nov 96 114.00 114.00 113.50 600 1450 0K 96 114.25 »50 Jon/M«r 99 116.75 2025 Apr/Jvn 99
      1,777 words
    • 2273 19 LONDON Mattriate hxi 31 Croup 540.000 S.OOO" AB Ports 328.000 -1.000 ADD*/ National 1106.000 40.000 Allied Domecq 549.000 -3.000 Am* 157.000 3.000 Asda Group 189.400 4.400 SAT Ind 623.000 8.000 BG Pic 385.000 -5.000 BICC 111.400 1.400 BOC Group 757.400 7.400 BR Petroleum 800.000 -5.000 BTR 155.400
      2,273 words
    • 1633 19 Bloomberg Q Nikkei 225 -28,02 JAPANESE stocks fell, with the benchmark index sliding for an eighth day, as traders bet Finance Ministry officials' pledges to support the yen would do little to revive the economy. Sony Corp paced the fall after the decline in US stocks. Eisuke Sakakibara, Vice-Finance
      Bloomberg  -  1,633 words
    • Article, Illustration
      1486 20 Reuters, AFP P Hang Seng *79.53 STOCKS closed higher yesterday as investors returned to the market to look for bargains following the market's five-year low close on Tuesday, encouraged by a rebound in the Japanese yen. The Hang Seng Index added 79.53 points, or 1.17 per cent, to finish
      Reuters,; AFP  -  1,486 words
    • Article, Illustration
      610 20 Reuters n Shenzhen B Index -2.72 CHINA'S hard currency B shares finished at record closing lows yesterday on worries over poor 1998 interim results, brokers and analysts said. Shenzhen's B Share Index lost 2.72 points to a record closing low 50.08. Turnover was HK$9.l million. Shanghai's B Index fell
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  610 words
    • 389 20 AFP TP Index -32.47 THE Taiwan stock market slipped 0.4 per cent yesterday after late bargain-hunting pared early losses on the back of sharp falls on Wall Street, dealers said. The Weighted Price Index dipped 32.47 points to 7,351.51, following a 0.2 per cent rise in the previous session.
      AFP  -  389 words
    • 307 20 AFP ClManila -6&89 PHILIPPINE share prices fell 4.8 per cent to a 66-month low yesterday due to the continued volatility of regional currencies, high interest rates and eroding confidence in government. The Composite Index fell 65.89 points to close at 1,307.30 points. Volume rose to 610 million shares worth
      AFP  -  307 words
    • Article, Illustration
      750 20 AFP fl Compositelndex +L5B SHARES closed 0.4 per cent higher on a technical rebound following days of consecutive losses, dealers said. "I would say people just took a break. It's not that easy to forget that the yen has once touched the 147 level," a dealer with a regional
      AFP  -  750 words
    • 593 20 AFP n All Ordinaries -10J THE Australian bourse closed down yesterday after early losses on the back of Wall Street were partly countered by positive sentiment flowing from steady Asian markets. The All Ordinaries Index fell 10.1 points to 2,551. The All Industrials lost 10.7 points to 4,511.8, and
      AFP  -  593 words
    • 403 20 AFP n Composite ladei -5J90 SOUTH Korean share prices closed 1.9 per cent lower yesterday on continued worries over regional currencies, dealers said. But the main index closed off its lows amid a recovery in the Japanese yen with interest in selected large-capital-isation shares providing support, they said. "Besides
      AFP  -  403 words
    • 269 20 AFP n Wellington -4(188 STOCKS fell 2.1 per cent yesterday to their lowest level since June. The NZSE-40 Index was down 40.88 points to 1,952.39 on turnover of NZ$9B.3 million. In the past three weeks. New Zealand's share market has slumped more than 9 per cent, losing 5 per
      AFP  -  269 words
    • KUALA LUMPUR STOCK MARKET
      • 8671 21 INDUSTRIALS Consiifittr products 1998 Last Vol Day Net Cap Mm. Low ClWM«y S* •OOP Him Lew Pit $«Mt 310 170 Ajinomoto 170 unch 1 170 170 9.4 68.9 148 35.S Anqkasa 37.5 2 38 37.5 35.5 0.9 55.3 290 123 Apollo Food Mlg 137 8 13 137 130 4.8 54.8
        8,671 words
      • 379 21 AFP 71 Composite Index *7.49 MALAYSIA'S key stock index closed higher yesterday on a technical rebound after recent steep falls, boosted by a stronger yen, dealers said. The Composite Index opened lower but light buying reversed earlier losses and led the index to rise
        AFP  -  379 words
    • WARRANTS & OPTIONS
      • 194 22  -  WARRANT WATCH By R Sivanithy OFTEN, one of the best strategies in picking stocks is to find those that have completely bombed out or have fallen to new lows. If it's a warrant being sought, go for those which have plenty of time left as
        194 words
      • 3277 22 BONDS, LOANS ft VAMANTS W1 ,M« vol Day L«»t Oust* Avg Hkqft Law Stno Company Sat* *ar- COOP) Ht«l> Low T s f Pt1c 23.5 9 m 3000 m AMOB c5.5%*****6 9 '2« I 20.5 3 3160 *Acor ******1 US$ 4 95 6 3164 Acma ******4 6 -1.5 16 6
        3,277 words
    • 2288 22 Transaction date Au& 12 ■■■■■MMMMMMnttMMMttHHI■■■■■■ Or Gf "W* La»t Vo» Day Lut Quota D* Dtv YM Nat M Cap H>» L— Stno Company Sit COOO) High Law Whr Cw P/t $<n« 13S 28 msSOOO AISB50C 30.5 no 31 28.5 30 30.5 5.0 31 14 12.9 313 655 10
      2,288 words
    • 6526 23 Transaction date: Aiu; 12 199* Last Vol Da* Last Ouote Wv Nrf Cap Hlgfc Low SINo Company M COOP) High U» »uyf Seller C WOUSTtlALS 43 12.5 1020 ACE 0yn*micl20c... 15.5 -0.5 9 16 15.5 15 '6 0.1 16.5 0.1 19.4 12 7 W
      6,526 words
    • 1263 23 Cf Of M m IMS Last V* My Last Ousts Mv 0«« VM Nst Cap Avo Hl» Law StWs tais fOOO) HI0i Law Payor t—sr CV Wl I— Wo t34 50 s 2000 ABRMIdgsSc 79 38 78.5 335 79 243 44 0 2049 AS Auto 10c 46.5 -2 174
      1,263 words
    • STOCK EXCHANGE OF SINGAPORE
      • 213 24 Stacks Mm FrtUnfcs20c M.945.000 DBS Land 8,023.000 TAC BtW 200 5.786.000 U08 Foreign 5.402,000 SinqTH 15c 4.*****0 EnersaveWc 4.275,000 OSS Foreign 3.933.000 OCBC Foreign 3.743,000 •M Resources 3.484.000 City Oct 50c 3.443.000 Stocks J 08S Foreign 35,06.227 UOfl Foreign 27,275.672 SIA Foreign 21.615,922 OCBC Foreign 21.420,805 SM 18,129,698 City De*
        213 words
      • Article, Illustration
        67 24  -  -by Shiv Taneja SINGAPORE Land closed one cent lower yesterday at $2.49 on a volume of 1.29 million shares, compared with its 104 ay traded average of 439,100 shares The counter is heavily oversold, according to the daily and weekly RSI and Stochastics. However, the outlook for this
        67 words
      • 662 24  -  STOGKKAUBT COMMENTARY Report of China reducing yen-denominated holdings adds to currency woes; M'sian market gets boost from a buy program By R Sivanithy [SINGAPORE] Local stocks, as well as those from around the region, continued to be buffeted yesterday by cold
        Chart info from Bridge  -  662 words
      • OH THE GRAPEVINE
        • 84 24 HERE'S the biggest erne yet to come out of the retrenchment rumour mill. After a press conference recently to launch United Overseas Bank's new Purchasing Card, head of consumer banking Sim Puay Suang was asked if the bank had any retrenchment plans. "No, I don't know how
          84 words
        • 171 24 FOR more than 25 years, Singapore's Board of Commissioners of Currency, better known as the Currency Board, is strategically sited in the financial district Its present building at Robinson Road is a mere 200 metres away from the Monetary Authority of Singapore at Shenton Way. But
          171 words
        • 126 24 HONGKONG Bank recently had this rather innovative product which got it funds as well as support for its share price. Seems its depositors in Hongkong woe offered an attractive 10 per cent annualiaed interest rate for a three-month deposit of a minimum amount of
          126 words
        • 118 24 BUSINESSMEN who are weighed down by heavy office overheads and rentals might consider committing a crime in Dubai to alleviate their operational costs. The Central Prison in the tiny Guff emirate recently opened a business centre that offers inmates jailed for white collar crimes phones, fox
          118 words
        • 91 24 A STOCKMARKET punter friend of Hongkong politician Christine Loii chose "get-rich" as his e-mail address. Ms Loh said in a recent magazine report tint her friend, who goes by die name of Byron, actually wanted "get-fat" as his e-mail address but it was already taken
          91 words
  • Page 15 Advertisements
    • 136 15 After years of building machines that take off, we know how to make one stay on the ground. Once you are behind the wheel of a Saab 9-5. all your senses te!l you that you are .m full control In developing the car. we took specal care to make sure
      136 words


  • Page 17 Advertisements
    • 141 17 GOMSfOftOffSMKHMNSttN? K CM PROWI TOTAL SOLUTIONS FOR YOU rSmiupm|H BUStNESS/SERVICF.S THROUGH BUSINESS PARTNERSHIP Flexible Circuit Board Assembly (FCBA) n,. Printed Circuit Board Assembly Singapore Malaysia Ghip-On-Flex Technology Tray Washing Recycling Program High Precision Vacuum Forming Tray Li _^L: Piece Part Cleaning Philippines Thailand Clean Room Supplies Micro (S> Pte Ltd
      141 words

  • Page 18 Advertisements
    • 461 18 PACIFIC CENTURY GROUP (CAYMAN ISLANDS) LIMITED (Incorporated in the Cayman Islands) UNCONDITIONAL CASH OFFER FOR PACIFIC CENTURY REGIONAL DEVELOPMENTS LIMITED (Incorporated in the Republic of Singapore) On behalf of Pacific Century Group (Cayman Islands) Limited ("PCG"), The Development Bank of Singapore Ltd ("DBS Bank") is pleased to announce that the
      461 words
    • 12 18 The Straits Times Classified I 1 Where buyers I sellers furniture at
      12 words


  • Page 20 Advertisements
    • 110 20 Hello? I'm calling about\ e i™ S j ,11 1 round my pet through your advertisement in great...just like f 0 i- ,->1 i 1 I tl e_ t- r>i -c- j 1 I .i j 11 The btraits Times Classified. I y° u st have the puppy... J described,
      110 words

  • Page 21 Advertisements
    • 26 21 Make The Straits Times Classified your first pit step when shopping for your car or motorbike. i ■<-. *.:l >.*. i,■ :■> ~-t f* ■>» J_ T .L y 1
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  • Page 22 Advertisements

  • Page 23 Advertisements
    • 70 23 f calling about\ /See...l touTX /The card we* re\ I the computer you this was a J making for Susan j 1 advertised in J deal, y Yup, we got what V is going to be J \The Straits Times/ f S {we wanted because real nice! ~2 1 of
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  • Page 24 Advertisements
    • 563 24 BUSINESS V olives TO ADVERTISE CALL TOLL-FREE 1800-741 1883 SINGAPORE AIRLINES LIMITED (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES The undermentioned share certificates have been reported lost, mislaid or destroyed CftfatoHa No. of Shu hiwNmqf *****237/38 2x 1,000 SJRJNG HBOWNOWCESUIIH) D*****2S Ixl,ooo LOW HWEE CHANG Notice is hereby
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    • 132 24 travels fast l\ SINGAPORE. when \ou want to reach out to a Ship Sales (anker Rates. Aircraft Arrixals select target audience in the transport and logistics Departures. Regional Weather Reports. Local Ships in industry, only one daily otters you the advantage Port I pdate. an Export/ Import Shipping Guide and
      132 words
    • 11 24 1 M Jjp Nsjjja^ Run a special feature on your Anniversary
      11 words

  • SHIPPING TIMES
    • 315 25 Bridge News, Reuters CAPESIZE rates showed evidence of firming in the east, but Panamax trading remained in the doldrums in most ares of the freight market, brokers said. The futures found a lack of sellers, Clarkson Securities Ltd said in its Biffex market report yesterday. In extremely thin
      Bridge News,; Reuters  -  315 words
    • 287 25 SCS '000 g< CWT Distribution 0.32 -0.02 9 Chuan Hup 0.37 *0.005 108 Cosco Invastmant 0.48 -0.025 53 Fraight Links 0.16 «0.01 ***** GB Holdings 0.20 -0.005 28 Hal Sun Hup 0.425 0.03 182 Hitachi Zosan 0.52 unch 87 IMC Holdings HK 5.60 Java Holdings 0.375 unch 6
      287 words
    • 459 25  -  Rise in response to dive in rates caused by Asia downturn, conference says By. Marcus Hand [SINGAPORE] Shipping lines on the Europe-Asia trade that have seen rates battered over the last 12 months as imports into the region have fallen, are
      FILE PHOTO  -  459 words
    • 308 25  -  By] Felix Chan [SINGAPORE] PSA Corp's first European port project, the Voltri Terminal Europa (VTE) Container Terminal, is expected to handle more than 700,000 TEUs this year. VTE has posted strong growth of 16.4 per cent from April to June this year
      308 words
    • 787 25  -  NEWBUILDS By\ David Hughes THE year 2003 may still seem a long way off but it features in this week's newbuildings list. It is the year Italy's Fincantieri yard is due to deliver the second of it latest two orders for
      787 words
    • 328 25  -  By Marcus Hand [SINGAPORE] A new Shipping Committee set up by the Hongkong Port and Maritime Board is to undertake a detailed study as part of building up Hongkong as an international shipping centre. The study will review the development of
      328 words
    • 1103 26  -  CHINA PATROL And not even the army will escape as China moves to protect its gas-oil industry hit by falling world prices Hy. Matt Flynn Lloyd's List [HONGKONG! CHINA'S efforts to clamp down on gas-oil smuggling has choked shuttle tanker traffic into south China and threatens
      Lloyd's List; FILE PHOTO  -  1,103 words
    • 250 26 PAGE Danveron 4 ACL 9 O)* Lto d 9 anl 3 Dongnama 3 Accord 8 ECl 5 Appenship 5 E*erqre«n 6 8 Astro 3 FoongSun 8 Austral 9 6 L,nk 4 BSA 7 Gemartrans 8 Bayswater 6 Genshpg 9 B tang Mas 8 Hai Sun Hup 8
      250 words
    • 25213 34 THEBUSINESSTIMES thebusinesstimes EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voy age Telephone SIN Destn Name Name Numtier Number SIN Destn Name Name Number Number IS/08 05/09 Quadrant NOROSTRANO 24IW 65-*****44 A W08 03/09 Hyundai MM HY INFINITY 304W 65 *****44 18/06 11/09 Evergreen E.
      25,213 words
    • SHIPS IN PORT
      • 872 39 Vessel Voy No Berth Arrival Departure StAtmal *****6 X M 'jCM alongside 13 08/0400 K Rail IimWi *****8 JOt Hon)*"* 13.08/08)0 Bt Sur li *****8 J01 alorwjsia* 13 08/0130 CUM fii No 7 *****8 J02 alongside 16 08,7300 Hms Premium *****P J13 alongside 18 08/1700 UMun Inda *****7
        872 words
      • 1900 39 receiving of export fcl containers and lcl cargo Booking/Balance Rstls Ship Voy No Etb/Btr Ptflod From To From Acacia 633* 15/0700 U 12/1500 12/1659 12/1900 M 12/1500 12/1459 12/1900 a 12/1700 11/0659 ij/0900 21 12/1700 13/0659 13/0900 3 13/0700 13/1159 13/MOO 4 13/1200 I3/M59 13/1700 Ascarya K)28 ,""00
        1,900 words
      • 194 39 Aug IS 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. Aug 17 Indonesia: Indonesian National Day. Aug 18 Hong Kong: Victory Day. Aug 31 Luxembourg: Luxembourg
        194 words
      • 1034 39 THIS report, compiled by Cockett Marine Oil l.td. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on average sized stem Market movements are indicated The Cockett Bunker Price Index change and the
        1,034 words
      • 570 39 Cjrb00 180 MM 993.1 0.9 16.7 0.10 72 0.07 tUl D l>itr Ash Aluminium S*»ment J J 0 J 380 Mai 992.8 0.9 19.2 0.11 111 0.28 K6/W3 %<M s m/m m/m h* ntm<xi Wo above C35 9 0 23 0 1 1_ ISO/Cimac Limits Spec
        570 words
    • AIR & LAND TRANSPORT NEWS
      • 568 40 Carrier's move is part of plan to promote HK as regional hub Reuters [HONGKONG] Air France said it was in talks with Asian carriers about possible partnerships in a move to boost Hongkong as a regional hub. "We are seeking partners for feeder traffic," said
        Reuters; FILE PHOTO  -  568 words
      • 360 40 Move to retire its jumbo jets in Asia, turboprop planes Bloomberg [HOUSTON] Continental Airlines Inc. the nation's fifthlargest airline, said it will take a US$77 million (*****.4 million) third-quarter charge to retire jumbo jets operating in Asia and turboprop commuter planes. The
        Bloomberg  -  360 words
      • 298 40 Reuters [COLOMBO] Sri Lanka's national carrier Air Lanka is considering starting new routes to Australia, South Africa and Russia, a senior minister said yesterday. "It is in the business plan to expand into new areas for cargo and people and
        Reuters  -  298 words
      • 227 40 Reuters [MIAMI] A US jury awarded the young daughter, sister and mother of a Colombian woman US$l.93 million (553.4 million) in a lawsuit arising from the crash of an American Airlines jet that killed 159 people, a court official said on Monday.
        Reuters  -  227 words
      • 50 40 [SEATTLE] The newest model of the Boeing 757 line, the 757-300, taking off on its maiden flight. The aircraft, thefirst new member of the 757 family in sixteen years, can carry 240-289 passengers and has been ordered by carriers including Condor Flugdienst of Germany and Icelandair. REUTERS
        REUTERS  -  50 words
      • 283 40 Bloomberg [TOKYO] Skymark Airlines Co, a Japanese discount airline set to start operating next month, said it hopes to lure first-time flyers and win customers away from railways, said President Junichi Okawara. The airline, a subsidiary of Tokyo-based travel agency HIS Co,
        Bloomberg  -  283 words
      • 323 40 Bloomberg [WASHINGTON) US transportation safety investigators recommended that airlines modify and conduct more rigorous inspections of fuel pump parts on Pratt Whitney engines that are used on some of the most common commercial passenger aircraft. US National Transportation Safety Board (NTSB) investigators said
        Bloomberg  -  323 words
      • 152 40 AFP (MANILA] Troubled Philippine Airlines (PAL) yesterday outlined a revised rehabilitation plan that calls for further cutbacks in its fleet and workforce. Under the plan which must be submitted to the Securities and Exchange Commission (SEC) by Sept 21, PAL would likely
        AFP  -  152 words
      • 1908 40 CITY FLIGHT ETA FLIGHT ETD LH778 1610 OF 05 2235 Adelaide BA7381 1930 BA7382 2055 N***** 1610 LH6373 2350 0F81 1930 OF82 2055 S***** 1610 S026 2350 S0229 2220 0F06 1845 LH779 2359 Amsterdam K1843 0450 KL838 2300 J 12 23 HM063 0145 S***** 2359 KL837
        1,908 words
  • Page 25 Advertisements
    • 18 25 Beijing acts against smuggling Even the army is not spared as China moves to protect its gas/oil industry.
      18 words
    • 270 25 Logistics Asia 14-16 October 1998 Singapore International Convention Exhibition Centre The Total Exhibition for the Asia-Pacific Logistics Industry The ONLY exhibition in Asia that brings together the entire logistics chain of service providers, consultants, IT and equipment suppliers and endusers. That's what Logistics Asia '98 is all about. LOGISTICS m
      270 words
    • 19 25 Air France eyes Asian partners Carrier's move is part of plan to promote HK as regional hub. Back Page
      19 words

  • Page 26 Advertisements
    • 772 26 SUPER SHUTTLE EXPREBS 11 [QULF KARACHI EXPRESS (QKX) WSSft VOYAGE ICQ I SIH VISSfI I VOY I JEA I DMN I OAM I OND I KAR I COL I PKG I SIN OOCI AMERICA 27W530 29/07 lA/M OOCi CALIFORNIA 29W531 05/01 23/00 PtO NEDUOYD DAMMAM 291 21/07 11/07 31/07 02/01
      772 words
    • 711 26 Lines services represented u.. I* A jam »F Members of the (s (01 5 Members o( the Registry oJ M a *.l Singapore Freight Forwarders Accredited Shipping Agents, Association Singapore Shipping Association CONTAINERS/CONVENTIONAL CARGO ACCEPTING ON DIRECT SAILING TO MALE KTA PKL KTA SIN ETA MALE Princess Lily V 0398
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  • Page 27 Advertisements
    • 1034 27 SAX SERVICE (DIRECT) U uctcn unv <mfta LAX OAK Ml HOP CH CO. wianwm oiS w«__!gg- B5 'V» !Vg—2g •fKiinf SU 02/09 17/09 21/09 21/09 22/09 __2]/0? 22/0? 22/0? 23/0? 73/09 SS 09/09 7tm~ 28/09 29/09 28/09 29/09 29/09 30/09 30/09 APISPINEL —oosi Ip 9 ***** M7io~ 05/10 06/10 13/10
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    • 2023 27 HANJIN SHIPPING HANJIN SHIPPING (S> PTE LTD Imp (0 m IOOKING *****35 737 SALES *****74 731 DOCUMENT *****71 774 OffUTlOtfi 32*0241 252 MAI* UKE *****55 fU 222*960 CI »0 **********0 M TO NW USA CANADA I USA CANADA* for vsl/voy UM sm unehaul/voy seTI nw on POX —r~oi ——Isp ——m
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    • 498 27 FULLY CONTAI NKRISKD PIPICATIP SIIVICIS M3EIpI3UMMIM g"' I '"Y'CTJI'l 1 VESSEL VOY_ _SIN_ PK6 VOY SIN HKG KEL USN PUS pMi 1 rw.rw ,7/M litMTf P»<LAW 111 OS 107/001 09*01 i KMTC PUSAN HQS 07/ M 14/00 It/OS H/OR 19/01 ISScWEaUHG BC/\ I 16/08 I IR/M IkMTC ULSAN II IS
      498 words

  • Page 28 Advertisements
    • 1348 28 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEDITERRANEAN/CANADA VESSEL TOY SIM I LEH HTM ANB HAM [MV~ FIX WT JtD BIT »ft FgS_ WX_ jjTll_ HANJIN ttELUNG WOB3B 14 M M N 08 N M.N 14N NN CHOTANG VISION WMSM 12 01 91 J l NJJ J* H N HANJMWILMINGTON WNB34
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    • 1088 28 CaiTtar: MH CONTR UNES, INC quoano: mmm LJY/ VIJ N^ ia S5 7 SISI q^KS2I 79 MANILA: (632)*****24 BANGKOK: (662) *****87 SURABAYA: (31) *****0 (03) (21) *****07 MON: (61) *****3 KUCHINQ (062) *****1-3 XIMGAMG PORT KELAN6 MV "rr^r 146 MV "«NAR MALAKA" V.0,4 ETA SIN: 17/08/98 ETA SIN: 16/08/98 HAIPHONG
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    • 471 28 LINE W TIL: MI34S* PAX* *****11 MUARA j LABUAN vtssa voy no eta vessei vor rn> n* SPOKE MUARA SPOKE UN J.PKOSPB V2OI/90 15/01 10/00 J.HOSPB V2OI/90 15/0$ It/01 APttCUJKY V2II/90 70/00 23/01 APKtOORY V2II/90 10/00 24/00 IPKOSPH V2II/90 24/00 27/00 LPWSPH V2II/90 24/00 20/00 APtKGIOKT V 221/90 29/00 01/09
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  • Page 29 Advertisements
    • 1583 29 VESSEL VOY SIN PGU PKG PEN PQB PUB $HJ BA BIK IRAN TAKHTI PJL 1300 14/08 22/08 23/08 23/08 24/08 IRAN TEYFOURI PJL 1302 19/08 27/08 28/08 28/08 29/08 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLANO POINTS IN IRAN ft CIS UZBEKISTAN, TURKMENISTAN. KIRGISTAN. TAOZHIKISTAN ft GEORGIA VIA B. ABBAS. BIK. MINA
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    • 2040 29 TO ISRAEL 1 IN 13 DAYS I EVERY THURSDAY J I rSrS iMwISiSr 6 SHENTON WAY TIL 226 1900 FAX: *****08 OUTWARD (l/l) *****02 JOHORE OFFICE: SIS VJUXifSfL- SAIES/IKCS *****41/43 INWARD OEPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD TOWERJWOjO6BBO9)__CQ#iyEWTIOWAI^^_^42 OS aSO/5S T/SHPMT DEPT *****25 TEL 02-07-3S ***** FAX:
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    • 598 29 EASTERN CAR LINER, LTD. ,,e^ 6 atw" 02 |_tj ECI (SINGAPORE) PTE LTD SSt SPECIALIZE IN RORO HEAVY UFT UPTO 122 TONS ECL (SINGAPORE) PTE LTD LOADING FOR CALCUTTA/CHITTAGONG LONG BEACH/TACOMA/VANCOUVER MV "TIERRA AZUL" V.19 MV "COSMIC MASTER" V.51 ETA SIN 1 8/08/98 ETA CAL 23/08/98 FTA SIN 19/08/98 ETA
      598 words

  • Page 30 Advertisements
    • 1345 30 EUROPE/UK/SCANDINAVIA/FINLANO/RUSSIA fSGPI ROM ANW HBG THP ZEE LHV LHW THP ROM ANW HBG PKI SGP E DECENT RW-005 It/08 03/09 00/09 04/09 06/09 07/09 09/09 E REPUTE RE-015 IS/07 21/07 1 9/07 22/07 24/07 11/01 20/00 E. OIAMONO RW 001 25/08 11/09 16/08 13/09 14/09 15/09 17/09 E GARLAND RE-054
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    • 657 30 I Jjgdsl neUJS I travels I fast IN SINGAPORE, when you want to reach out to a sclect target audience in the transport and logistics industry, only one daily offers you the advantage ot maximum reach at minimum cost. And that's Shipping Times. Shipping Times brings you not only the
      657 words
    • 431 30 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VOY I SIX fUi I put I CPT R/BAY HAKSA CASTEUA V.OOIS 16/08 25/08 79/08 03/09 NAJITAI PRINCESS VO23S 23/08 07/09 11/09 NAMUI QUEEN VO79S 31/08 09/09 13/09 18/09 21/09 KAlim DRAGON VOOBS 07/09 17/09 21/09 26/09 NANttl PRINCE VO24S
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  • Page 31 Advertisements
    • 375 31 I BSfl x' M MYANMA wBBk FIVE STAR LINE (Myanmar National Line) W Loading for Yangon (Rangoon) VESSEL VOT SIN PKI MM PGU sittwe sm su> PATHtIN ISOW SID MALAYSIA AGENTS: BOUSTEAD SHIPPING AGfNCKS KUL TEL (03)*****00 PKL HI (03) *****01 PEN: TH (04)*****02 PGU: TIL (07) *****21/4 BANK LINE
      375 words
    • 1240 31 HAfA^ HYUNDAI MERCHANT MARINE CO., LTD. IVESSa VOY SM SOU LEH KIM ANT HAW IRV EEL IVESSB VOY I SOU I LB4 I RTM> I AWT 1 HAiR IWV I m I {jH 1 ELBE S4BW 13/08 31/08 OS/09 02/09 03/09 DANUBE S39E 20/07 25/07 22/07 5/07 ~73/08 NOlfltlS 004W
      1,240 words
    • 1068 31 norwegion specialized outatameo Qs&sie Wilhelmsen Lines TO NORTH AND LATIN AMERICA "«ORO HEAVY LIFT SERVKE [VESSEL VOY RAMP HEIGHT SIN LAX CRL MIA SAV BAL 0«F NYC MEW MOB TAPIOLA FII6 400 TOM ~UM ***** 10/09 WM *****~ WoFTfcToT 27/ M 28/09 03/10 06/10 TAMPA FBl7 400 Tons 6.3 M
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  • Page 32 Advertisements
    • 830 32 BANOWOtCy MAP TA PHUT/ LAEM CHABANO JAKARTA/PANJAWO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN XETHA BHUM 245N In Pt 16/06 GURU BHUM 90SB In Pt 16/08 MATHU BHUM 376N 15/08 19/08 18/06 DEJA BHUM 760S 15/06 18/06 RATHA BHUM 26N 15/06 19/06 16/06 ANRO GOWA' 046
      830 words
    • 492 32 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0208 MMW TEL: *****88 FAX: *****64 TLX: R*****5 StNMER CR No: **********0W Receiving Cargo at PTI I Bintulu I I Muara vt SSEI VOY SIN |TU VISSEL VOY SJN MjjA IS Sim mavSS £5 MG M/W BS«no V9117E 024)3/09 09/09 MJodi
      492 words
    • 646 32 rx Accord Mm SHIPPING PTE LTD YIL: *****15 (40 Lines) FAX *****30 KMTKUMG (03) U7 1001 B M WRfCT ACCESS TIL: *****55 (EXPORT BOOKING) ns* GUOAHG (07)351 1377 *****34 (EXPORT DOC), *****39 (IMPORT) n\WtC (04) *****49 URL: HTTP://WWW.ACCOHD.COM.SG JAMJUtTA (71)440 0770 OKT IM SIN ~POKT ETA SIM POUT ETA SIN
      646 words

  • Page 33 Advertisements
    • 417 33 INDONESIA NATIONAL LINE TO EUROPE "1 EXPRESS SEMI-CONTAINERISED SERVICE ~WSL VQY QAM H BUBG BREMEN ANTWERP A VESSEL 20/10 ?S/10 OMIT 05/11 TO AUSTRALIA 1 FULL CONTAINER SERVICE VSI IVQY f pt G S%l F« BNE _M6i_ _HOA FK P4O KDU.OYD BRISBANE 10S llflS IMB ?JW 2&QB 31 €8 ttlOT
      417 words
    • 901 33 ADVANCE CONTAINER LINES (PTE) LTD J\ I I 140 Cecil Street #12-00, PIL Buikttng, Singapore *****0 iX I TEL: *****21, FAX *****19, TELEX :RS ***** ACLPL CR NO. **********0E OPERATIONS: *****60 *****05 BANGKOK I JAKARTA (Wukly 5 Slgs PAT/2 Slgt LCM/1 Slg BUT) (S Hlllini/WoOl VESSEL TVOY SIN Sot VESSEL
      901 words
    • 863 33 uccein <s I~VOY SIN JED MLA LDH HAM THP RTM ZE£ vMirnF TAURUS A27W 17/08 26/06 31/06 05/09 07/09 09/09 09/06 10/09 IMIF D'AQUARIUS U27W 25AM 02/09 07/09 12/09 14/09 17/09 17/09 18/09 miFK ANTARES L27W 01/09 09/09 14/09 20/09 21/09 23/09 23/09 24/09 aipiyvwivi SZ7W 08/09 16/09 21/09 27/09
      863 words


  • Page 35 Advertisements
    • 48 35 Dial 740-6000 Oil GGITI3 110 (Retrieve more schedules!) Press "1" Select the port and key in STEKj the four digit code eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovative service offered by CT The document will be shipping times !!3Pissszs*.
      48 words


  • Page 37 Advertisements
    • 47 37 STEPjfc Dial 740-6000 on aemana —Mr (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 your phone number Another innovative service offered by rTr The document will be SHIPPING TIMES
      47 words


  • Page 39 Miscellaneous
    • 120 39 LEGEND R Thunderstorm Temperature c X\ V Shower Weother Wmd d.recf.on w,th speed m knots Rom \^J Cloudy Sky Wove height Surfoce winds ore indxoted by orrows wtiidi fly with the wind WO~ U c„<* w colm i_ CW hoM (ted. nts 5 Vno T*. Z""" 10 M k~H W„.
      120 words