The Business Times, 21 August 1998

Microfilm: NL21220
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    15 1 TheBusinessTmes MITA(P) i 10/12/97 85c SINGA P 0 R E Internet: http://business-times.asia!.com.sg/ FRIDAY, AUGUST 21,1998
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  • Article
    MARKET SUMMARY
    64 1 □sin mas (-0.18) ***** (+2.88) BTCOMP 77L83 (+3.76) BTMGA 528.79 (-7.72) H MARKET MOODe Mixed STOCK HAUET INDICES Thursday Change KLSE COMP 351.04 +7J7 NIKKEI 15,391.41 -1453 HANQSENO 7,***** +119.95 SET INDEX 243.00 -0.37 JAKARTA COMP -*****0 -%M MANILA COMP +26.34 TAIPEI WPt 7,270.84 -22M SEOtMOMP 316.59 +14.69
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  • Article
    FINANCE
    80 1 FOREX KATES USI s$ fSS 1.746 £(US$/S5 per 1.624 2.835 DM 1.792 0.974 YEN M2.6 1124* RM 4.168 9.419 HKS 7.759 0.225 BAIIT ***** 9.042 RUPIAH 11,690 9.915* St lo 100 units FUME RATES SINGAPORE* 7 88 KUALALUMPUR H50 JAKARTA 28 00 BANGKOK 1475 MANILA .2290 HONGKONG 10 25
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  • Article
    KL developer barters property for shares
    809 1  -  Overwhelming response to Country Heights' liquidity boosting scheme By Ven Sreenivasan [SINGAPORE] When everything is at rock-bottom prices but banks still won't lend, bartering properties for shares could be the answer or so one Malaysian developer hopes. Kuala Lumpur-listed Country Heights is offering its
    809 words
  • Article
    Lock icon KL will act against business takeovers by foreigners: Dr M
    279 1 He says foreigners buy up shares and strip the assets AFP Reuters [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad warned yesterday of drastic measures to protect businesses from falling into foreign control as the nation battles a deep economic slump.
    AFP; Reuters  -  279 words
  • Article, Illustration
    Shell S'pore to sell a chunk of land occupied by CEO's house
    344 1  -  Move part of plan to sell under-utilised properties By, Jenny Lam [SINGAPORE] A bungalow for its chief executive sitting on 120,000 sq ft of prime Gallop Road land is "not good utilisation" of its assets, so Shell Singapore
    344 words
  • Article
    Bond issue likely for $900m desalination plant
    803 1  -  Construction contract expected to be awarded in 2000 By\ Ronnie Lim [SINGAPORE] The go-ahead has finally been given for work to start on Singapore's first desalination plant in Tuas, now estimated to cost a lower SSBOO-900 million, with the financing likely to come
    803 words
  • Article
    Lock icon US attacks terrorist bases in Sudan, Afghanistan
    268 1 AFP Reuters [MARTHA'S VINEYARD, Massachusetts) US President Bill Clinton has ordered strikes on terrorist bases in Sudan and Afghanistan linked to the recent bombings of American embassies in Kenya and Tanzania. "Today I ordered our armed forces to strike at ter-rorist-related facilities in
    AFP; Reuters  -  268 words
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      129 1 niSTOE Exports down in July Singapore's exports fell 2.3% year-on-year in July, as demand in most markets, including the US, shrank, Trade Development Board figures released yesterday show, Pf 2 Bhftk teas Chief executive Tung Chee Hwa has confirmed that Hongkong is in recession and said its economic difficulties will
      129 words
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      22 1 Serious investors still wary of M'sian stocks: Mobius, Pg 4 Shell puts sports club site on sale for $97.6 m, Pg 3
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      146 1 The street-smart way 61 didnt have a business plan, I didnt know how, I didn t know when but I always knew I would get there. 9 Tommie Goh, executive chairman of JIT Holdings From today, BT is starting a new weekly series that tells the stories of men and
      146 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Key exports down 2.3% in July; trade outlook dismal
      435 2  -  16.7% fall in imports signals protracted manufacturing weakness: analysts By. Audrey Tan SINGAPORE'S exports fell 2.3 per cent year-on-year in July, as demand in most markets, including the US, shrank, Trade Development Board (TDB) figures released yesterday show. Analysts said the
      Source: TOB  -  435 words
    • Article, Illustration
      Lock icon Downturn won't stop investment plans: Lucent
      429 2  -  By Kenneth James US telecommunications equipment giant Lucent Technologies said yesterday the economic turmoil would not stop it from going forward with its regional investment plans, which include a US$l billion: (Ssi.7s billion) joint venture with Singapore's Chartered Semiconductor Manufacturing (CSM) to set up
      SIEW YAW HOONG  -  429 words
    • Article
      PUB embarking on various projects to ensure long-term water supply
      576 2  -  Desalination wiD boost local sources which can snppfy up to half of demand By. Ronnie Lim SINGAPORE'S long-term water supply remains its top priority, the Public Utilities Board (PUB) said yesterday, adding that it was embarking on various projects, including
      576 words
    • Article, Illustration
      Lock icon S$ needs to hit $2/US$: report
      375 2  -  EYE ON THE ECONOMY Currency Ry Audrey Tan THE Singapore dollar may need to weaken to around $2 to the greenback "and even beyond" in the next few months, says US investment bank JP Morgan. In its latest Global Data Watch, the bank argues
      Source: JP Morgan  -  375 words
    • Article
      Lock icon Jeya incorrigible for rejecting waiver offer: PM's lawyers
      481 2 Opposition leader told to stop playing to the gallery The Straits Times PRIME Minister Goh Chok Tong's lawyers yesterday criticised J B Jeyaretnam for his response to Mr Goh's offer to waive the $100,000 in defamatory damages he won from the Workers'
      The Straits Times  -  481 words
    • NEWSRoundup
      • Article
        Estrada to visit in Oct
        33 2 [MAINLAJ Philippine President Joseph Estrada is to visit Singapore in October in what could be his first trip abroad since being elected, presidential spokesman Fernando Barican said yesterday.
        33 words
      • Article
        S'pore gives US$50,000 to China appeal
        50 2 SINGAPORE is donating US$5O,OOO (5587,250) to flood victims in China, in response to appeal for aid from the International Federation of Red Cross and Red Crescent Societies. Prime Minister Goh Chok Tong has also sent a message of sympathy to Chinese premier Zhu Rongji.
        50 words
      • Article
        Tommy Koh to help settle milk dispute
        55 2 SINGAPORE'S Ambassador-at-large Tommy Koh has been appointed to chair a panel set up to settle a dispute between the US and New Zealand on the one hand, and Canada on the other. The dispute is over the import of milk into and export
        55 words
      • Article
        Tuas Basin water safe again: ENV
        82 2 THE Ministry of Environment said yesterday that the water in the drains leading to the Northern Tuas Basin and sea water in the Tuas Basin has returned to normal, two days after a fire broke out at Motorola Electronics in Tuas Avenue 5. The
        82 words
      • Article
        Mentor Graphics beefs up S'pore role
        32 2 US-based Mentor Graphics has transferred its Asean business and technical support to its Singapore office. Mentor Graphics is a Nasdaq-listed electronic hardware and software solutions provider.
        32 words
      • Article
        M`sian arrested for VCD smuggling
        56 2 SINGAPORE Customs said yesterday that they had arrested a Malaysian man at the Woodlands checkpoint for attempting to smuggle more than 2,000 pieces of video compact discs into Singapore on Aug 19. The VCDs, suspected to be uncensored, will be handed over to the Films
        56 words
    • Article, Illustration
      Lock icon Strong sense of family among S'poreans
      511 3 CLOSE to nine in 10 Singaporeans think that children should take care of their aged parents, and two-thirds say the family should take the most responsibility in caring for the old, the Singapore 21 survey found. The government came in a distant second, with
      Source: Forbes Research  -  511 words
    • Article, Illustration
      Lock icon Most are coping with stress but say rate of change is too fast
      510 3  -  SINGAPORE 21 SURVEY 56% of respondents say Singapore society is changing for the better Reports by Poo-Cheong Wai Ming SINGAPOREANS and stress. If these words evoke migraine and premature hair loss, think again. A Singapore 21 survey
      Source: Forbes Research  -  510 words
    • Article, Illustration
      Lock icon Shell puts sports club site on the market for $97.6m
      344 3  -  By. Jenny Lam SHELL Singapore is trying to sell its Shell Sports Club property for which it has obtained official approval to convert 144,000 sq ft, or about half of the 273,000 sq ft land, from recreational to residential use.
      ARTHUR LEE  -  344 words
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      74 3 Uk I xjU^J igßank you access the resources and expertise of the HSBC Group, an international network of 5.500 HoniZkOimKclllk H o ices in 81 countries and territories and over 130 years' experience in Asia Reassuring things to know Because it is only when you have IIM b^k,,*r«rp.«.u,.ni M Mtmbrt
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      56 3 Full professional after sales service provided. For a FREE copy of our 100 page colour brochure or to arrange a complimentary consultation contact: Mrs Diana Bean, General Manager of Ms Florence Nathan, Manager OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE LTD 26-04 CLIFFORD CENTRE, 24 RAFFLES PLACE. SINGAPORE *****1 E-mail: ocrasingOsingnet.com.sg
      56 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Manila plans roadshow for US$500m bond issue
      288 4 AFP [MANILA] The Philippines will send a top-level economic and diplomatic mission abroad next month to promote a US$5OO million (SsB72 million) bond issue and convince investors the country is a safe haven amid Asia's financial turbulence, officials said yesterday. Foreign Secretary Domingo
      AFP  -  288 words
    • Article, Illustration
      Lock icon Serious investors still wary of M'sian stocks: Mobius
      578 4 Strategy to boast prices masks deeper problems, he says Reuters [KUALA LUMPUR] Malaysia's strategy to drive up share prices masks the country's deeper problems which continue to keep serious investors at bay, Templeton Asset Management's Mark Mobius said yesterday. Prime Minister Mahathir
      Reuters; REUTERS  -  578 words
    • Article, Illustration
      HK recession expected to last well into next year: Tung
      545 4  -  He pledges to keep HK$ peg, defends govt intervention in stock market From Loh Hui Yin in Hongkong CHIEF executive Tung Chee Hwa has confirmed that Hongkong is in recession and said its economic difficulties will go on well into
      545 words
    • Article
      Lock icon HK govt takes trading tack; stocks up 1.6%
      676 4 It starts selling counters to try catch investors off guard Bloomberg [HONGKONG] The Hongkong government bought stocks for a fourth day and turned to the futures market a third time in its bid to hurt those betting against shares and the local
      Bloomberg  -  676 words
    • Article
      Lock icon World Bank may lend KL up to US$2b in next 18 months
      380 4 Bloomberg [WASHINGTON] The World Bank is considering requests from Malaysia for additional loans and may lend it as much as USI2 billion (553.5 billion) during the next year to 18 months, said a senior bank official. "They are
      Bloomberg  -  380 words
    • Article
      STII again fails to cling on to early gains
      264 4  -  By R Sivanithy [SINGAPORE] The Straits Times Industrials Index could not hold on to its gains for the second consecutive day yesterday, ending with a downtick of 0.18 of a point at 922.86 after rising some 20 points. It had been
      264 words
    • Article
      Regional units gain on yen strength
      279 4  -  Traders cite talk of Tokyo intervention, stop-loss selling By Larry Wee [SINGAPORE] Yen recovery to a three-week high of 142.30 continued to boost regional currency values in Asian trading yesterday. Traders said the Japanese currency continued to benefit from renewed threats of intervention by
      279 words
    • Article
      Lock icon India central bank props up rupee, sparking rebound
      332 4 It raises banks' cash reserve ratio, hikes repo rate Reuters [BOMBAY] India's central bank propped up the rupee yesterday by tightening liquidity and intervening directly, triggering a one-rupee rebound to 42.70 per dollar. The currency's sharp recovery reversed a trend since the
      Reuters  -  332 words
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  • SOUTH-PACT ASIA
    • Article
      Lock icon Jakarta launches new bankruptcy law and court
      478 5 JAKARTA Court expected to weed out inefficient businesses, restore confidence; 50 ready to file cases: minister AFP Reuters INDONESIA launched a new bankruptcy law and an associated commercial court yesterday in an IMF-prodded effort to jump-start its crippled private sector and get the
      AFP; Reuters  -  478 words
    • Article
      Lock icon 24 execs of shuttered banks suspected of breaking laws: police
      353 5 JAKARTA Five in custody, three on wanted list, 16 nnder investigation AFP SOME 24 executives of seven insolvent banks shut down by the government last year have been named by police for allegedly breaking Indonesia's banking laws, reports and police
      AFP  -  353 words
    • Article
      Lock icon Retired Indon generals urge Habibie to resign
      218 5 JAKARTA Reuters A GROUP of retired Indonesian generals, who were at the forefront of the movement to oust former president Suharto, have now trained their guns on his successor, B J Habibie. The "Petisi 50" group of retired military officers said yesterday that
      Reuters  -  218 words
    • Article, Illustration
      Lock icon Going to meet Dr M
      51 5 [KUALA LUMPUR] Yep Swee Kim, a street hawker from Kuala Lumpur's popular Chow Kit market, carrying a photograph of Malaysian Prime Minister Mahathir Mohamad to a gathering here yesterday. Dr Mahathir's meet-the-people session was part of public visits to explain the country's current economic situation.
      AFP  -  51 words
    • Article
      Lock icon Taiwan suspends US$50m rice aid to Indonesia
      413 5 TAIPEI It cites attacks on Chinese Indonesians in May riots Reuters TAIWAN said yesterday it is suspending plans to aid Indonesia with 200,000 tonnes of rice, citing tensions arising from attacks on ethnic Chinese Indonesians during the May riots. "The project is suspended
      Reuters  -  413 words
    • Article
      Lock icon Indonesia to study report on lost World Bank funds
      469 7 JAKARTA Top official admits there's leakage but challenges report that it's over 20% AFP INDONESIA will study a World Bank report alleging that more than 20 per cent of bank project funds here were lost to corruption, a senior minister said
      AFP  -  469 words
    • Article, Illustration
      Lock icon No visiting forces please
      80 7 [MANILA] Filipino activists yesterday protesting a proposed US-Philippine accord allowing resumption of bilateral military exercises found US President Bill Clinton a convenient target for their cause. They held a rally in front of the US embassy in Manila and denounced the Visiting Forces Agreement, saying it
      REUTERS  -  80 words
    • Article
      Lock icon Govt won't sell more than 14% of Semen Gresik stake: Hartarto
      254 7 JAKARTA Decision seen scuttling Cemex's USs4lBm bid for cement maker Bloomberg INDONESIA will not sell more than 14 per cent of its stake in PT Semen Gresik, a government official said yesterday, effectively scuttling a US$4lB million (*****.4 million)
      Bloomberg  -  254 words
    • Article
      Lock icon Philippines opening up more areas to foreign investment: official
      256 7 MANILA AFP THE Philippines will open more areas to foreign investment and expand the quantity of shares foreigners can own in local enterprises, Trade and Investments Secretary Jose Pardo said here yesterday. In an address to businessmen, Mr Pardo said the
      AFP  -  256 words
    • Article
      Lock icon Rais: I have Chinese Indon support
      288 7 JAKARTA Several prominent businessmen plan to link np with his new party, says report Reuters INDONESIAN Muslim leader Amien Rais has said that a number of prominent ethnic Chinese businessmen will support his new political party, the National Mandate Party (PAN), a local newspaper
      Reuters  -  288 words
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      95 5 Ernie i' x 1 pr r LM K x\ wE^^fiZSSS-^^^^l ■f/f Of l/^i^-—S3^H IP* m~ AT<H UM ■ff/// 7/ < YTj /\j S fIM w II 11 mi o J ><i I r-j&f ilm MM S/IL-^aZr^^^H ff Jrtlw 111 it Mm BamH A g J"- Jjj J I Mn^Mmmß^^^L Constellation
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      534 6 f*T\ nciiu/ PT DWI SUMBER ARCA WAJA l' j 1 ncyiM/ l/wnrr Manufacturers of large steel pipes and structural tubular ISO 9001:1994 API 2B 5L jniit 4 We are pleased to announce Message by the President Director: I a /v" /i The official opening of PT Dwi Sumber Area Waja
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      91 7 Congratulations to P.T. DSAWon the official opening of your factory on Batam Island HOESTEEL Group of companies HOE SENG HUAT HARDWARE CO., (PTE) LTD. Office: 55 Lavender Street Singapore *****3 Tel: 292 9292 Fax: 282 8282 CJong/xiUi/a£iofi&> P.T. DSAW OflstA& ofumir V ,i., t/cy on/ (iSatom/3fe/and PT- BATAMINDONUSA GASES 4*%
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      164 7 MANUFACTURER CONSULTANTS FOR FULL WELDING AUTOMATION POSITIONING EQUIPMENT a ROMAR 18 TUAS CRESCENT S'PORE *****2. /JLY TEL: 861 3978, 861 0928 Ll\ m V FAX: 861 3363 romar Email: romartec@singnet.com.sg. Website: http://wwwa2ooo.com.sg./romar SALES RENTAL SERVICE PARTS Congratulations! P T DSAW on the Official Opening of your new factory at Batam
      164 words
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Lock icon China need not adjust 8% growth target: official
      499 8 BEIJING State bank chief points to recovering yen, says floods won't affect estimate Bloomberg CHINA has "no need" to adjust its official economic growth target of 8.0 per cent this year, as the Japanese yen strengthens against the US dollar, and damage
      Bloomberg; AFP  -  499 words
    • Article, Illustration
      Taipei announces NT$l94b economic package
      381 8  -  Money to be spent over next two years on infrastructure From) Laurence Eyton in Taipei TAIWAN'S cabinet yesterday approved an economic stimulus package involving spending an extra NT5193.7 billion (SS9.B billion) on infrastructure development over the next two years. The plan calls for spending an
      381 words
    • Article
      Lock icon 1997 was change for worse: HK poll
      204 8 HONGKONG AFP HONGKONG people think things have got worse rather than better since the change of sovereignty last year when China regained control of the former British colony, a survey said yesterday. Almost 40 per cent of respondents said things had worsened since
      AFP  -  204 words
    • Article
      Lock icon Jiang to meet Obuchi, address Japan MPs
      257 8 TOKYO AFP CHINESE President Jiang Zemin will hold a summit with Prime Minister Keizo Obuchi and address Parliament on an unprecedented state visit to Japan next month, a source and a report said yesterday. Mr Jiang arrives in Tokyo on Sept 6 for
      AFP  -  257 words
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      104 8 We grown bigger to serve you better Visit our new store, OSER DESIGN at view the latest Milan arrivals*. You could a,so look °P OSER STUDIO at v STAMFORD HOUSE for some real value buy*. A nSjj QUALITY SPACE iHItfUHHIHHHIHiHiHBHHii^K V> T OSER DESIGN Suntec City-Galleria #01-043 Tel: *****02 Fax:
      104 words
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  • ASIA
    • Article
      Lock icon 7 Korean banks given reprieve from closure
      351 9 SEOUL AFP SOUTH Korea's financial watchdog yesterday backed away from threats to close down major banks soon, saying it would instead ask them to redouble rehabilitation efforts by the end of next month. The change of heart at the Financial Supervisory Commission (FSC)
      AFP  -  351 words
    • ASIABriefs
      • Article
        Lock icon Hanson to make foreign firms pay more
        98 9 Bloomberg [SYDNEY] The leader of Australia's right-wing One Nation party, Pauline Hanson, said overseas companies don't pay enough tax, and its plan to revamp the system will fix that "Our initiative will offer a completely fresh start," Ms Hanson told reporters, and "will
        Bloomberg  -  98 words
      • Article
        Lock icon 22 Korean firms violate cross debt law
        103 9 Bloomberg [SEOUL] Twenty-two out of South Korea's 30 biggest conglomerates violated regulations on cross debt guarantees among their subsidiaries and face up to 50 billion won (5567.2 million) in fines, the Hankyoreh newspaper said, quoting the Fair Trade Commission. A total of7Bo companies,
        Bloomberg  -  103 words
      • Article
        Lock icon New Zealand banks cut home loan rates
        80 9 Bloomberg [WELLINGTON] Most New Zealand banks, including the largest four, cut their interest rates on home loans after the central bank slashed credit costs which drove wholesale rates to their lowest in more than four years. Hongkong Shanghai Banking Corp's New Zealand arm
        Bloomberg  -  80 words
      • Article
        Lock icon US firm to expand N Korean refinery
        69 9 AFP [SEOUL] The Stanton Group of the United States has earmarked US$l billion (511.75 billion) for investment to expand its joint venture refinery in North Korea, South Korean trade officials said yesterday. "Stanton's money will go toward expanding the joint venture refinery operating
        AFP  -  69 words
    • Article, Illustration
      Lock icon Korea ranks near bottom in pulling FDI: central bank
      544 9 SEOUL Clean ap progress slow, foreign investors afraid to come in now, says analyst AFP SOUTH Korea, its financial and corporate sectors entangled in huge debts and restrictive practice, ranks last but one in the world in terms of attracting foreign
      AFP; Source: Bank of Korea  -  544 words
    • Article
      Lock icon Hyundai unions, management in mediated talks
      284 9 ULSAN Govt-brokered talks a breakthrough in bid to avert clashes AFP MANAGEMENT and unions at South Korea's Hyundai Motor Co yesterday began talks on ending a crippling feud following a breakthrough in efforts to avert clashes between riot police and strikers. A squad of
      AFP  -  284 words
    • Article
      Lock icon Japan's trade gap with Asia down 35%
      191 9 ■TOKYO AFP JAPAN'S trade surplus with the rest of Asia tumbled 36.2 per cent in July from a year earlier, depressed by the region's persistent economic woes, the finance ministry said yesterday. The July surplus was 358.6 billion yen (554.4 billion), marking the
      AFP  -  191 words
    • Article, Illustration
      Lock icon Benazir denies Swiss charges of graft
      241 9 KARACHI Reuters FORMER Pakistan prime minister Benazir Bhutto denied on Wednesday that she was guilty of graft and accused a Swiss judge seeking her indictment of overstepping his authority. "I have done nothing wrong and I feel absolutely bewildered that somebody can be so
      Reuters; REUTERS  -  241 words
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  • THE WORLD
    • Article
      Lock icon Cash crunch not behind IMF 'no' to Russia loan
      277 10 WASHINGTON Concerns hang over Moscow's ability to fulfil economic promises: source Reuters THE IMF will have just US$lO billion (Ssl7 billion) available to lend by year-end, but an international monetary source said the shortage was not the reason that the fund
      Reuters  -  277 words
    • Article, Illustration
      Lock icon A biting pain
      49 10 [BUNCRANA, Ireland] Mourners watching the coffins of James Barker and Sean McLoughlin, both 12, and Oran Doherty, 8, as they were carried at the cemetery of St Mary's Church, Cockhill, on Wednesday. The boys were three of the 28 people killed in Saturday's Omagh bombing. AFT
      AFT  -  49 words
    • Article
      Lock icon Venezuelan bonds tumble again on devaluation fears
      279 10 CARACAS Pressure driven up by 33% plnnge in oil prices this year Bloomberg VENEZUELAN bonds fell by a record amount for a second day on concern that the government may soon follow Russia's lead and let its currency tumble. The J P Morgan
      Bloomberg  -  279 words
    • Article
      Lock icon Greenspan puts his money in Treasury bills
      367 10 WASHINGTON Reuters THE world's most powerful central banker moved his considerable personal fortune out of a blind trust last year, choosing to put most of his cash into relatively lowyield, short-term US Treasury bills instead. Federal Reserve chairman Alan Greenspan's investment decision, revealed
      Reuters  -  367 words
    • Article, Illustration
      Lock icon Washington braces for long, costly impeachment battle
      1454 11  -  Critics say Clinton let slip a vital chance by not going all the way in his testimony and TV address From Leon Hadar in Washington ON the eve of President Bill Clinton's testimony before the grand jury investigating Monicagate and the other political
      REUTERS  -  1,454 words
    • Article
      Buba leaves key rates on hold
      290 11 FRANKFURT THE Bundesbank returned from its traditional summer break to leave its key interest rates on hold for the next two weeks, after the latest M 3 money supply data released earlier indicated that there were still no inflationary dangers in the German economy.
      290 words
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      795 10 iß^iHaiuuipflr Haw Par Corporation Limited (Incorporated in the Republic of Singapore) The directors wish to announce the unaudited Group and Company results for the half-year ended 30 June 1998: INTERIM RESULTS FOR THE HALF-YEAR ENDED 30 JUNE 1998 GROUP COMPANY 1. PROFIT STATEMENT 1998 1997 1998 1997 SS'OOO Ss'ooo Change
      795 words
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      10 10 THE OF RINfiAPOPF < OFFEBIMO OF TAXABLE BOOK-ENTRY fIjAMOUNT OFFERS) I
      10 words
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      246 11 Introducing The All New K1 A CLARUS It will appeal to all your senses. Particularly your sense o/ value. U J U Powerful 2.0 litre MPI/16-valve/DOHC engine The KIA Clarus speaks of class in every detail, from the sleek outer body to the luxurious interiors and superior driving performance. Aerodynamically-tuned
      246 words
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      9 11 Editorial: No end to US soap opera, Pg 12
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  • EDITORIAL & OPINION
    • Article, Illustration
      Relevance, guts needed from World Bank
      739 12  -  BOTTOMLDfE OPINION By Sree Kumar The writer is a development economist and a partner in a consulting firm. WORLD BANK president James Wolfensohn has courage. He has decided to clean the decks in the World Bank. The whiff of corruption in the hallowed halls
      739 words
    • Article
      IN OTHER WORDS
      122 12 'While his ability to govern has not been damaged too severely, for the first time we are seeing majorities favouring the possibility of his leaving office.' JohnZogby a pollster, on a poll conducted by Zogby International which showed Bill Clinton with a personal approval rating of 54.4
      122 words
    • Article
      No end to US soap opera
      604 12 EDITORIAL MANY people had hoped that President Bill Clinton's testimony before special prosecutor Kenneth Starr's grand juiy investigation and his televised apology to Americans for misleading them about his affair with a former White House intern would help bring an end to the scandal
      604 words
    • Article, Illustration
      Lock icon Why Soros matters more
      1008 12  -  What markets hear from him means more than what elected officials like Clinton have to say By l Michael Lewis The writer, author of 'Liar's Poker', 'The Money Culture' and 'Trail Fever', is a Bloomberg News columnist. The opinions expressed are his own Bloomberg THE global
      Bloomberg; FILE PHOTO  -  1,008 words
    • Article
      HKMA exposes its hand in a game it might still lose
      440 12  -  MAILBOX C M Lee WITHOUT going too deep into economic theory and the running of a currency peg, here is a simple "technical" perspective of the Hongkong Monetary Authority's (HKMA) recent move. The HKMA believes that: ♦certain big speculators
      440 words
    • Article
      WHAT THE OTHERS SAY
      590 12 Cold showers, orange mitts I DON'T think Bill Clinton should be impeached. Instead, I say he should be sentenced to a cold shower three times a day, or perhaps a daily dip in Lake Michigan during winter. The other thing that could be done to cure
      590 words
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      459 13 Didn't you know? I read it in Cats' Mews/ C«tefc {<«,' Mt«< ii Uiity Clissifiri (kit iitliiii. s'v* wT CATS. I I Where to wine, dine and 1?# sn& M f» *M I Cliooml j+lasala WHOLE YOUNG SPRING CHICKEN MARINATED WITH MASALA SPICES PREPARED IN THE TANOOOR OVEN. SERVED ON
      459 words
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      Page 13 Advertisements Column 2
      46 13 Revolving a Restaurant )9th floor I Enjoy A STYLISH LUNCH AT i TOP OF THE 'M' REVOLVING RESTAURANT: WITH 25% SAVINGS THIS AUGUST! Call 831-6258/88 for your reservations. Mandarin Singapore 333 Orchard Road. Singapore *****7 Td: 737 4411 J S~ vv\oovy <AIIAA SIAVAA €V€v-y pL\V>UcT lAoK^«sny.
      46 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      846 13 TV&RADIO Premiere 12 gramme with an atti- LOO PM TV Innovations. 2.00 PM Response TV. tude). 3.00 CDIS. 2.30 TV Innovations. 6.30 The Pyramid Game. 4.00 Aksi Mat Yoyo (r). HHP 4.00 Kidz Blitz Walter Mel- 7.00 News 5At Seven. 4.30 Satu Malam Dua Cinta T? on (iMst Ep). 7.30
      846 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      133 13 CRYPTIC CROSSWORD 14 Silly fellow, like Simon orig- YESTERDAY'S SOLUTION inally (3) 1 Top military award worn in 16 Weird bachelor retires in clubs, say (6) the ordinary way (8) 2 Girl in study of ordnance (6) 17 Goes against men in fen S ff A MI n T H
      133 words
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  • THE LEADING EDGE
    • Article, Illustration
      Lock icon Moving ahead the street-smart way
      1488 14  -  With determination, endurance and courage, former jaga keretaboy Tommie Goh grew up to become executive chairman of JIT Holdings. tan su ten reports TAN SU TEN THE Singapore dream may be slightly tarnished but yes, this is still the land of opportunity. Jaga kereta boys
      CHRIS LOH  -  1,488 words
    • Article, Illustration
      Firm's key strengths: 'Can do' mindset, good people relations
      612 14 FUNDAMENTALLY JIT Electronics is no different from other contract manufacturers, JIT chairman Tommie Goh says. The company builds and assembles, on contract, electronic components and products like printed circuit boards and cable and wire harnessing. Its list of customers includes Apple,
      612 words
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  • COMPANIES & MARKETS
    • Article
      Keppel's interim profit drops 36% to $65.4m
      526 15  -  Second-half results not expected to improve in view of regional crisis By i Conrad Raj [SINGAPORE] Keppel Corporation, one of Singapore's largest conglomerates, continuing the gloomy news on the corporate front, reported a 36 per cent drop in net earnings to $65.4 million
      526 words
    • Article
      UOBAM ties up with US fund manager
      481 15  -  Pact with Dreyfus allows UOBAM to sell its funds in US By Wong Wei Kong [SINGAPORE! UOB Asset Management yesterday announced a strategic alliance with Dreyfus Global Investors, part of Mellon Bank Corporation which is the biggest bank-based mutual fund manager in the
      481 words
    • Article
      Wake-up call for Singapore bank-owned fund managers
      738 15  -  HOCK LOCK SIEW Shiv Taneja UOB Asset Management's announcement of a "preferred partnership agreement" with one of the largest fund management firms in the US is a wake-up call for the other local bank-owned fund management firms. In an environment where fund management
      738 words
    • Article
      POSBank behind $315m married deals?
      277 15  -  Two large blocks of DBS Foreign shares traded at $7.45 each By. Louis Beckerllng [SINGAPORE] Two large blocks of DBS Foreign shares valued at $315.14 million were traded in married deals yesterday, in an apparent housekeeping exercise by POSBank ahead of its takeover by DBS
      277 words
    • Article, Illustration
      Lock icon ACI interim earnings plunge 98% to $352,000
      368 15 {SINGAPORE] Acer Computer International (ACI) yesterday posted a whopping 98 per cent plunge in net profit to $352,000 for the six months to June, due largely to lower sales, huge losses from associates and Asia's ongoing economic woes. Group revenues fell 22.3 per
      SIEW YAW HOONG  -  368 words
    • REGIONAL COMPANIES
      • Article
        NatSteel Broadway posts 33% rise in 1st half profit
        302 16  -  10-15% of profit gain came from Sings weakness against operating currencies By, Jennifer Lien [SINGAPORE] Nat Steel Broadway yesterday posted a 33 per cent rise in interim net profit to $8.97 million. Turnover rose 49 per cent to $80.4 million in
        302 words
      • Article
        Guoco Land posts HK$182m net loss
        277 16 [HONGKONG] Guoco Land, the property arm of the Guoco Group, yesterday reported a net loss of HK5182.25 million (Ss4l million) for the 15 months to June 30,1998. The company made an operating profit of HK$7B million for the period under review but an exceptional
        277 words
      • Article, Illustration
        Lock icon Raffles Medical zooms in on Asian airport health services
        561 16  -  Group plans to grow this niche sector into a core business Reports by, Jenny Lam [SINGAPORE] Raffles Medical Group is after the lucrative airport medical services business in Asia, and plans to grow this niche sector into a new core business.
        CHRIS LOH  -  561 words
      • Article
        RMG chief upbeat on HK business
        186 16 [SINGAPORE] Raffles Medical Group's loss-making healthcare business in Hongkong is expected to return to the black by the end of its next financial year in December 1999. "We expect Hongkong's business to improve considerably and to at least achieve breakeven by the end of
        186 words
      • Article, Illustration
        Lock icon DBS Land recovers from early knocks to end 5.8% down
        291 16 [SINGAPORE] DBS Land shares closed 7 cents, or 5.83 per cent, lower at $1.13 yesterday after the company made larger-than-expected provisions in its interim results and said it expected secondhalf profit to decline. Early in the session, the counter lost
        Source: Bloomberg  -  291 words
      • Article
        Cheung Kong unit bucks trend with 20% profit rise
        544 16  -  Infrastructure arm's interim net rises toHKsl.2b fYom Quak Hiang Whai in Hongkong BUCKING the depressing trend in the current corporate reporting season, Victor Li's Cheung Kong Infrastructure Holdings yesterday unveiled a 20 per cent increase in interim profits and a comfortable
        544 words
      • Article
        MRCB in talks to revive stalled train station project
        525 16  -  Company confident of meeting EL Sentral completion deadline From. Ruth Wong in Kuala Lumpur MALAYSIAN Resources Corporation Bhd (MRCB) is in talks with the government, financial institutions and its contractor on ways to revive the stalled KL Sentral train station project.
        525 words
      • Article
        United Pulp posts 17% drop in 1st-hatf profit
        144 16 [SINGAPORE] United Pulp and Paper yesterday reported a 17 per cent drop in first-half earnings to $1.42 million, as profit margins were squeezed by a rising US dollar against the Singapore dollar. Turnover for the period was down 19 per cent, or
        144 words
      • Article
        Lock icon Honda's Q1 net earnings rise 25.7% to record 78b yen
        383 17 Strong sales in the US and weak yen offset declining car sales in Japan Bloomberg [TOKYO] Honda Motor Co, Japan's third largest car maker, said first-quarter profit rose 25.7 per cent to a third straight record as strong sales in
        Bloomberg  -  383 words
      • Article
        VEPL buyers not obliged to pay debt
        211 17  -  LETTER TO THE EDITOR S S Wong Executive Chairman Broadway Industrial Group Limited I refer to your report yesterday, "Bankers extending further credit: Broadway". The report said that "Viquest... was sold for )1 to its three managers on condition that they take over
        211 words
      • Article, Illustration
        Lock icon Qantas posts 20.6% profit rise, but warns of Asia crisis impact
        328 17  -  As3osm net profit seen unlikely to be matched this year From Russell Baker in Sydney QANTAS Airways has warned that the Asian economic crisis will adversely affect its earnings in the current financial year. The Australian international carrier reported
        AFP  -  328 words
      • Article
        Seven Network shares soar on news of MGM stake sale
        285 17  -  From Russell Baker in Sydney THE Seven Network stock yesterday surged 20 per cent on news that the television group had sold its 24.6 per cent stake in US movie house Metro-Goldwyn Mayer for US$3B9 million (Ss6Bo million). The revelation
        285 words
      • Article
        Lock icon SMC in talks to divest Nestle stake
        310 17 Bloomberg [MANILA] San Miguel Corp, the Philippines' largest food and beverage company, said it is in talks to let Switzerland's Nestle SA take full control of a joint dairy venture that provided almost half its 1997 profits. No agreement has been reached on
        Bloomberg  -  310 words
      • Article
        Lock icon Telkom 1.2t rupiah in the red at half time
        222 17 Bloomberg [JAKARTA] PT Telkom, Indonesia's largest publicly traded company, plunged to a 1.18 trillion rupiah (*****.4 million) loss in the first half as foreign exchange charges surged following the collapse of the rupiah. The loss matched analysts' expectations. The loss was
        Bloomberg  -  222 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Dell surges on earnings surprise
        386 18 Better than expected results send analysts scrambling to raise forecasts Reuters [NEW YORK] Dell Computer Corp stock surged on Wednesday, a day after the personal computer maker reported better-than-expected earnings and said it would split its stock for the sixth time in as many years.
        Reuters; Source: Bloomberg; REUTERS  -  386 words
      • Article
        Lock icon Arch close to deal to buy rival paging firm
        298 18 Reuters [NEW YORK] Paging company Arch Communications Group Inc said it is close to an agreement to buy rival Mobile Media Corp in a US$649 million (551.14 billion) deal that would create the nation's second largest paging operator with more than
        Reuters  -  298 words
      • Article
        Lock icon Govt may close Samsung if Kia bid fails: report
        131 18 Reuters [SEOUL] The South Korean government would seek to close Samsung Motors, the latest entrant to the car industry, if it failed in its bid to take over Kia Motors, a news magazine reported yesterday. The Sisa Journal, a local weekly,
        Reuters  -  131 words
      • Article
        Lock icon US brokerage slapped with record penalty for fraud
        211 18 Reuters [WASHINGTON] A securities industry arbitration panel ordered defunct penny stock brokerage Stratton Oakmont, its executives and salespeople to pay what is believed to be a record penalty for defrauding an investor. The panel ordered the New York firm and several executives
        Reuters  -  211 words
      • Article
        Lock icon Fujitsu markets 3 products developed with Lotus
        158 18 Reuters [TOKYO] Japanese computer maker Fujitsu Ltd yesterday announced the launch of three software products jointly developed with Lotus Development Corp, a unit of International Business Machines Corp. Fujitsu said in a statement that it started marketing the new products yesterday, and that
        Reuters  -  158 words
      • Article
        Lock icon US chip makers warn of poor earnings
        343 18 Shares of LSI Logic Inc and Analogue Devices Inc tumble Reuters [SAN FRANCISCO] Three computer chip makers said on Wednesday that their upcoming earnings would show the effects of an industrywide slump. Shares of LSI Logic Inc and Analogue Devices Inc tumbled on
        Reuters  -  343 words
      • Article
        Lock icon Bayer's shares hit as H1 sales, profit fall below expectations
        256 18 Reuters [LEVERKUSEN, Germany] German chemical group Bayer AG yesterday reported lower-than-expected first-half sales growth and disappointing pre-tax profit, triggering a sharp fall in its share price. Bayer said group sales in the first six months of 1998 grew 3.5 per
        Reuters  -  256 words
      • Article
        Lock icon Asian crisis puts Nedlloyd 34m guilders in the red
        162 18 AFP [ROTTERDAM] Dutch shipping company Royal Nedlloyd yesterday announced a net loss of 34 million guilders (5529.4 million) as the Asian crisis continued to hit business hard. A severe drop-off in cargo to the Asian region brought the results crashing down
        AFP  -  162 words
      • Article
        Lock icon GE Capital to boost property investments in Japan with tie-up
        295 18 Japan developer Mori to help select, manage properties AFP [TOKYO] US financial giant GE Capital Service Inc will team up with a Japanese property developer in an effort to boost its real-estate business here, officials said yesterday. Through a tie-up
        AFP  -  295 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon AIG to buy annuities seller SunAmerica for US$18b
        440 19 Stock deal will help AIG gain share in US consumer market, especially in retirement savings Bloomberg [NEW YORK] American International Group Inc (AIG), the biggest US financial services company, said it agreed to buy Sun America Inc for US$lB billion (Ss32 billion)
        Bloomberg  -  440 words
      • Article
        Lock icon Two S Korean banks set to merge
        332 19 Hana, Boram tie-up will form country's Bth largest bank; shares surge Bloomberg [SEOUL] Hana Bank and Boram Bank may unveil plans to merge to form South Korea's eighth-largest bank with US$35 billion (5561.4 billion) of assets as early as next week, a Hana
        Bloomberg  -  332 words
      • Article
        Lock icon Salomon names exec to liaise with Citibank
        150 20 Bloomberg [HONGKONG] Salomon Smith Barney said yesterday it named Clifford Chiu as head of Asia-Pacific investment banking business coordination, to liaise with Citibank. Salomon Smith Barney's parent, the Travelers Group, merged with Citicorp, which owns Citibank, in April. Mr Chiu's job will be
        Bloomberg  -  150 words
      • Article
        Lock icon ABN Amro interim profit jumps 20% to 2.4b guilders
        391 20 Assets above trillion guilders for first time; bank expects continued profit rise in the second half Bloomberg [AMSTERDAM] ABN Amro Holding NV, Europe's eighth largest financial services company, posted a first-half profit rise of 20 per cent, at the top end
        Bloomberg  -  391 words
      • Article
        Lock icon Junk bonds crash on earnings fears
        348 20 Planet Hollywood, S&msonite bonds fall as much as US$23l per US$lOOO Bloomberg [NEW YORK] Investors in the US$43O billion (*****.5 billion) market for high-yield, high-risk bonds got battered in the past month as at least 15 companies crashed on bad news. Bonds of Planet
        Bloomberg  -  348 words
      • Article
        Lock icon Insurer to settle Holocaust claims
        244 20 Bloomberg [NEW YORK] Assicurazioni Generali SpA, Europe's thirdlargest insurer, said it agreed to pay US$lOO million (*****.5 million) to settle claims that it didn't honour policies of Eastern European Jews following Hitler's genocide. The Italian insurer also agreed to open its records to a commission
        Bloomberg  -  244 words
      • Article
        Lock icon Life USA sales to drop on poor demand for fixed annuities
        273 20 Bloomberg [MINNEAPOLIS] Life USA Holding Inc, an insurance company, warned its 1998 sales will be about US$l billion (551.75 billion), as much as 20 per cent below what analysts were expecting, as falling interest rates dampened demand for fixed
        Bloomberg  -  273 words
      • Article
        Euroyen up on bank aid reports
        193 20 Si mini Report [SINGAPORE] Simex Euroyen futures rose yesterday following media reports the Japanese government was considering using public funds to help smooth the merger between two major domestic banks. Dealers said despite firm denials of the possible aid for the Long-Term Credit Bank
        193 words
      • Article
        Index fails to extend rally, dips 0.9 point
        178 20  -  MSCI TAIWAN FOTUHES Cecilia Loh Cecilia Loh, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures, unable to extend its rally, dipped 0.90 point at its close yesterday. The Taiex declined 22.56 points to 7,70.84 led by chipmakers on concerns
        178 words
      • Article
        Lock icon Prices down as glut seen staying
        291 20 ENERGY REPORT Bloomberg [LONDON) Crude oil declined as much as 1.1 per cent because traders do not expect demand for oil and petrol to erode a supply surplus that has pushed oil prices down to near their lowest in 10 years. While recent US
        Bloomberg  -  291 words
      • Article
        Lock icon CURRENCY REPORT
        285 20 Bloomberg AFP London The dollar fell for a fourth day against the yen yesterday, slumping to a three-week low, after a top Japanese official said the yen is still weak enough to prompt the government to buy yen for the US currency. "They're spooking the market," said Jeremy
        Bloomberg; AFP  -  285 words
      • Article, Illustration
        Untitled
        1234 20 DtTBRBAMg CROSS RATES Aug* AS C$ tab ECU ffr Pw HK$ hX to INptofc Yw Ww 8M HZ$Pifcb Nw Sfr HI} 8*t Powrt «S$ 0 W 2 S 8 1556 t0W 4 5M H 45,6l0M 0.844 7.691 2.467 1*7 31.710 ***** 1.033 1768 0.889 20.462 24.422 0.364 0.592 L a«C
        1,234 words
    • Article
      COMMODITY PRICES
      1735 21 SICOM fUTUlBS Aug 2 RU88CR (Mum ctaMf «t S.30p*) RSS 1 CONTRACTS cwtvAg) ClOM Volume Open M—tfc Mgk Low Sett (tomes) Interest S«f) 98 110.25 490 Oct 9® HU5 1450 Nov 98 112.25 *450 OK 96 113.00 1850 Jm/tiar 99 115.50 2025 Apr/Jim 99 119.75 1950 Jul/Sep 99
      1,735 words
    • Article
      WORLD STOCK MARKETS
      2184 21 LONDON Industrials *1 20 PWKI 31 Croup 549.000 -0.400 AB Ports 302.000 -16.000 Abbay Nation*! 1090.000 -29.860 AWed Domacq 535.000 -8.000 Amac 145.000 -4.400 Asda Group 186.200 -0.400 BAT Ind 677.400 -2.600 BC Pic 378.400 -2.600 BICC 102.400 -5.600 BOC Croup 851.400 15.400 BR Patrolaum 857.000 I.OOO
      2,184 words
    • Article
      Lock icon TOKYO
      1634 21 AFP □nak«i22S -14J3 JAPANESE share prices closed 0.1 per cent lower yesterday on profit-taking after two days of rallies, brokers said. But share prices were pulled off their lows from mid-afternoon by the yen's rally past 143 to the US dollar, which blocked profit-taking from accelerating further, brokers said.
      AFP  -  1,634 words
    • Article, Illustration
      Lock icon HONGKONG
      1497 22 AFP rl Hang Seng ♦MJS HONGKONG stocks closed up 1.6 per cent yesterday on continued government buying and investor covering of short positions, dealers said. The key Hang Seng Index ended up 119.95 points at 7,742.53 on turnover of HK$7.3 billion. The index had been up 258 points in
      AFP  -  1,497 words
    • Article, Illustration
      Lock icon CHINA
      608 22 Reuters AFX-Asia AFP Dj Shenzhen B Index -L 7 SHENZHEN B shares closed down 3.01 per cent yesterday on a combination of lacklustre 1998 interim results and profit-taking after recent gains, analysts said. The B share index lost 1.7 points to 54.89, after reaching an intraday high of 58.21
      Reuters; AFX-Asia; AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  608 words
    • Article
      Lock icon TAIPEI
      347 22 AFP klwrlndex -2156 TAIWAN share prices closed 0.3 per cent lower yesterday in thin trading as sidelined investors awaited government measures to stabilise the stock market and August corporate results, dealers said. The Taiwan Stock Exchange Weighted Price Index dropped 22.56 points to 7,270.84, following a 1.6 per cent
      AFP  -  347 words
    • Article
      Lock icon WELLINGTON
      245 22 AFP PI Wellington *€237 NEW Zealand stocks closed up 3.2 per cent yesterday on lower money market interest rates after the central bank allowed an easing of monetary conditions beyond market expectations. The NZSE-40 index rose 62.37 points at 2,031.65 on solid turnover worth NZ5130.7 million. AFP *t- rum
      AFP  -  245 words
    • Article, Illustration
      Lock icon BANGKOK
      783 22 AFP □SET Into -037 THAI shares slipped 0.2 per cent at the close yesterday as investors took profits after recent gains in leading bank and finance issues, analysts said. Analysts said the market was unmoved by domestic developments other than Wednesday's sharp gains in banking stocks which gave some
      AFP  -  783 words
    • Article
      Lock icon SEOUL
      414 22 AFP rl Composite Index +14M SOUTH Korean shares surged 4.9 per cent yesterday, helped by gains in the yen and an easing of concerns about external factors, dealers said. A stronger yen and more stable regional markets contributed to the second-day rally. Prospects for a breakthrough in Hyundai Motor's
      AFP  -  414 words
    • Article
      Lock icon SYDNEY
      589 22 AFP MAD Ordinaries +22.4 AUSTRALIAN share prices gained 0.9 per cent yesterday, buoyed by positive sentiment from Japan and a strong performance on the Hongkong bourse. The All Ordinaries Index gained 22.4 points to 2,658.5. The All Resources Index closed up 7.2 points at 1,006.7 and the All Industrials
      AFP  -  589 words
    • Article, Illustration
      Lock icon JAKARTA
      684 22 AFP Q Composite Index -&56 INDONESIAN shares yesterday closed 1.6 per cent lower following poor results announced by most state-owned firms, dealers said. The Jakarta Stock Exchange Composite Index was 6.56 poirfts lower at 399.33. Turnover totalled 235.9 million shares worth 287.942 billion rupiah. Dealers also said the government's
      AFP  -  684 words
    • Article
      Lock icon MANILA
      305 22 AFP P Manila +2634 PHILIPPINE share prices closed 1.9 per cent higher yesterday due to a technical rally, analysts said. The Philippine Stock Exchange Composite Index rose 26.34 points to close at 1,390.93. Volume rose to 933 million shares worth 1.066 billion pesos from 332 million shares worth 698
      AFP  -  305 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares up 2.2% in heavy trade
        403 23 AFP Hi Composite Index +7.57 MALAYSIA'S key stock index rose 2.2 per cent yesterday in heavy trade on a stable ringgit and firmer regional markets, but closed off its highs due to profit-taking. "The bourse was riding on the stable ringgit and firmer regional
        AFP  -  403 words
      • Article
        Untitled
        7892 23 INDUSTRIALS CoflSMMf products 199* Last Vol Day Net Cap High Low Company Sale 'OOP High Low P/t Smll 310 170 A(inomoto 190 15 2 190 190 10.5 77.0 148 35.5 Angkasa 45 2 34 48 45 1.0 66.4 290 123 Apollo Food Hlg 133 4 3 139 133 4.6 53.2
        7,892 words
    • WARRANTS&OPTIONS
      • Article
        Untitled
        3434 24 BONOS, LOANS i WAMANTS m )998 Last V«4 0«y La*t OuoU Avf H*h Low Stno CMWMV S<M «r- <000> Mgfc Law Buyar SaHar Prtca 215 8 m 3000 m AMOS C5.5H*****6 10.5 *0 20.5 3 3160 "Acer ******1 USS 4 95 6 3164 Acme ******4 8 *0-5 51 8 7.5
        3,434 words
      • Article
        Renong 2000 wrt: numbers shocking
        216 24  -  WARRANT WATCH -By R Sivanithy IN an environment as volatile as in the past two days, anything can happen. We've seen counters double in value in one day, while Clob International, which only a week ago was being written off as having no more role
        216 words
    • Article
      CLOB INTERNATIONAL
      2380 24 Transactior^at^^ug2ol MALAYSIAN STOCKS Gf Cf •998 Last Vol Day Last Oust* Otv W* YM Nat M Cap High Low Stna Company Sale COOP) High Law Buyer Se8ar H C'vr P/t Stim "ttl 28 ms SOOO AISBSOc 56 4916 74 465 56 565 53 3.3 1.9 23.4 574 65.5
      2,380 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6253 25 Transaction date Aiu; 20 Or Or M wt 1*M Last Vo4 Day Last OiMtt Mv CX* rid Net Cat Avq Wm> Uw StNo Company Sal* COOP) High Leer 8uyar *e«er C*r P/C )mM Price MOVSTVIAU 43 11.5 e 1020 ACE 0ynaiTMCS20c_ 13 *0.5 15
      6,253 words
    • Article
      SESDAQ
      1193 25 StMo fnm.«n i2? °*V U«t 0* YM N«t Cap A«n| i?*? c '**"r rOOO) Mffe L»w Boy«r S«Mr C*T P/E imii Prtc. 134 SO 2000 ABR MlckjS 5c 79 I I I I 7g I I I I TTT 2 il 52 5 .13 129 53.5 51.5 S2 52.5
      1,193 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        209 26 Stocks Mm MS Fnfiyi 4SM3.000 •M8f Capital 42,326,000 •M Resources 40,270,000 •Renong BM 50c 28,312.000 •Rekapacific Bh 23,843,000 •Morth Borneo 18,696,000 •Land i General 16,968,000 •RHBCapWt99 15,820,000 •RHBCapBhd 15,776,000 •Magnum CorpSOc >4,654.000 Stacks D8S Foreign 335,834,164 0CBC Foreign 23.335,417 •North Borneo 19,820,530 SingTel 15c 14.307.780 •M Resources 13,525,685 SIH 12.095,536
        209 words
      • Article, Illustration
        Market gives up solid gains to end in negative territory
        700 26  -  mCKHAIKBT COMMENTARY Morning rally attributed to 7% early surge in KL where gains also eroded; brokers say export fall already discounted By R Sivanithy [SINGAPORE] It was a tale of two halves in the local stock market yesterday Wednesday's momentum
        700 words
      • Article, Illustration
        HOT STOCK
        67 26  -  -by: Shiv Taneja CLOB-USTED Renong Bhd closed one cent lower yesterday at 17 cents on a volume of 28.3 million shares, more than 10 times its 10-day traded average of 2.3 million shares. The daily and weekly RSI and Stochastics indicate that there is some upside in the
        67 words
      • ON THE GRAPEVINE
        • Article
          HK recessiom gauge
          73 26 FORGET about erudite economic analyses by over-paid analysts. To gauge how bad the recession is in Hongkong, just read the list of High Court writs published regularly in the South China Morning Post. What used to be a small column of who's suing who for the repayment
          73 words
        • Article
          Did HK create a false market?
          135 26 The Hongkong Monetary Authority (HKMA) has been put in the ironic position of being accused of creating a false market hi securities when It intervened in the stock market in the last few days to fight currency speculators. Responding to the criticism, HKMA chief
          135 words
        • Article
          Expats and ladies only
          85 26 DANCERS—The Club, which has replaced Hot Bods at Clark Quay, has riled a few Singapore men with its latest "Expats Nite" promotion. "Expats" and "all ladies" will be granted free entry and complimentary drinks every Friday as part of thepromotion. The Singapore man are understandably feeling
          85 words
        • Article
          What a comparison!
          147 26 WHAT is an upperty bank like Coutts Bank, better known as one of the Queen's banks, doing sponsoring a flashy Hollywood movie? Hana-Peter Brunner, the bank's Asia head, said before the start of the movie that there wo* in fact similarities between Coutts Bank and The Avengers,
          147 words
        • Article
          Slowdown works for this contractor
          88 26 ONE contractor has no complaints about the economic slowdown. "Now when I place an ad in the paper tolling for workers, I am inundated with calls from Singaporeans," he said. The contractor used to hire foreign workers, but the red tape involved in getting permits
          88 words
        • Article
          Internet voting for shareholders
          90 26 CISCO System practices what it preaches. The US supplier of equipment to the Internet is also a big user of the very Internet it helps buikL Nasdaq-listed Cisco has allowed its shareholders to receive the company's 1998 Proxy Statement and Annual Report over the Internet If
          90 words
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      Page 15 Advertisements Column 1
      142 15 The closest you can get to flying without actually leaving the ground. V w< j Nobody ur. cer st i -ids :h c prmcipics cf .chick control better :nan SAAB As one of* the worlds lead ng n i craft ma r. •„/1 ctur c s. years of aero technology
      142 words
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      Page 16 Advertisements Column 1
      381 16 HWA HONG CORPORATION LIMITED (Incorporated in the Republic of Singapore) PROPOSED CAPITAL DISTRIBUTION OF Sso.lo IN CASH FOR EVERY ORDINARY SHARE OF Ssl.oo EACH HELD BY MEMBERS OF THE COMPANY AS AT THE BOOKS CLOSURE DATE IS HEREBY g, VEN that the Share Transfer Books and the Register of Members
      381 words
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      Page 17 Advertisements Column 1
      11 17 Qantas to launch new S 'pore-Paris service, Shipping Times, Pg 18
      11 words
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      Page 17 Advertisements Column 2
      562 17 GENERAL SECURITIES INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) The Board of Directors of General Securities Investments Limited wishes to make the following announcement: UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1998 Company Group Incr/ Incr/ Jun-98 Jun-97 (Deer) Jun-98 Jun-97 (Deer) SS'OOO SS'OOO SS'OOO SS'OOO Operating
      562 words
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      Page 17 Advertisements Column 3
      20 17 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. CATS. Another Classified Service
      20 words
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      Page 18 Advertisements Column 1
      784 18 IraitagJliJLug^aJl^iii \n/ National Bank of Kuwaiti (Incorporated in Kuwait) Consolidatedßalance Sheet Consolidated Profit and Loss Account At 31 December 1997 For the year ended 31 December 1997 1997 1996 1997 1906 ASSETS N te KDOOO,B KDOO ,S Note KDOOO's KDOO^s Cash and short term funds 4 307,970 180.784 Interest income
      784 words
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      Page 19 Advertisements Column 1
      492 19 lUJ'.i-.iai Corporation I Keppel Corporation Limited I (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1998 The Directors of Keppel Corporation Limited advise the following unaudited results of the Company and of the Group for the half year ended 30 June 1998.
      492 words
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      Page 19 Advertisements Column 2
      625 19 n fIL on the opening of their new I Steel pipe factory at KABIL, BATAM I and for being awarded I R E MORRIS INTERNATIONAL PTE LTD I 480 River Valley Road, Singapore *****5. H Tel: *****88, *****89 Fax: *****02, *****61 I URL: http:/Avww.remi.com.sg Email: remi@pacific.net.sg 9 «K GST Reg.
      625 words
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      Page 20 Advertisements Column 1
      368 20 ALEXANDRA HOLDINGS LIMITED (incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING h °h'?H E VEN that the Annual General Meeting of the Company will be held atJO Collyer Quay #21-01 Ocean Building Singapore *****5 on Monday, 7 September 1998 at 12.00 noon for the following purposes: AS
      368 words
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      Page 20 Advertisements Column 2
      21 20 F a wr dealer. The Straits Times Classified helps to SS2W a accelerate my business. CATS. Call Today For Results Tomorrow
      21 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      127 22 o 5 al Montblanc's Ngee Ann City boutique is TT y* celebrating its sth birthday in August. For proud it you were 111 owners of exquisite Montblanc pieces, it's a yak rare opportunity another Montblanc /l/lftf -f 4f f 2f/) 4tfn«lf2f A with special privileges. Just show us the star
      127 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      66 24 f I'd like to place an I A buyer I love this car V advertisement to J I the very J that I found my J next through J f s > —1 The Straits Times J I Classified. Buying or sellinfi throuflh what a j q| I The Straits
      66 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      517 26 BUSINESS To advertise call toll-frir INOO-741 ISS3 N THE MATTER OF THE COMPAMES ACT. CAP. SO AND BH THE MATTER OF MAMJEWEL MTERNATIONAL MARKETMG PTE LTD (In Mamtiera' Voluntary WMng4Jp) SPECIAL RESOLUTIONS PASSED THIS ON 14TH DAY OF AUGUST 1998 At an Extraordinary General Meeting of the Company held at
      517 words
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      Page 26 Advertisements Column 2
      337 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER Of RISENTER INTERNATIONAL PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of RISENTER INTERNATIONAL PTE LTD. duly convened and held at 106 Middle Road. #05-01. Bright Chambers, Singapore *****7 on Monday.
      337 words
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      Page 26 Advertisements Column 3
      551 26 UNITED PUBLISHING HOUSE (PTE) LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN THAT A FINAL GENERAL MEETING OF THE COMPANY WILL BE HELD ON THE 21ST DAY OF SEPTEMBER IMB AT lIAJM. AT 10 HOE CHIANG ROAD «IS-M KEPPEL TOWERS SINGAPORE W9315 FOR THE FOLLOWING PURPOSE: Agrnda 1. To consider
      551 words
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      Page 26 Advertisements Column 4
      221 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BANCO SHIPPING PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act. Cap.so. that a Final General Meeting ol the abovenamed Company wi# be held at 9
      221 words
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      Page 26 Advertisements Column 5
      353 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 CHEYENNE SOFTWARE (S) PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held at One Computer Associates Plaza. Islandia. NYII7BB-7000. USA on 13 August 1998, the following resolutions were duly passed 1. SPECIAL RESOLUTION WMOINO-UP
      353 words
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      Page 26 Advertisements Column 6
      373 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MARSH A MCLENNAN MANAGEMENT SERVICES (SINGAPORE) PTE LTD (IN LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of the Company signed by the Representative of Holding Company relating to Proceedings of Subsidiary Company pursuant
      373 words
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      Page 26 Advertisements Column 7
      789 26 M THE MATTER OF THE OOMWy— ACT, CAP. SO mmd M THE MATTES OF F.EX. MIOANM) PTE LTD in Singapore) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 10.00 am at 111 North Bridge Road #14-06 Peninsula Plaza Singapore *****8 on
      789 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      316 27 Bridge News Reuters ALTHOUGH there are signs of firmer rates from the US Gulf and east coast South America, most of the market here considers it a momentary "blip" and not much more. TANKER* ♦There has been quite a bit of activity for VLCCs, a broker said, but
      Bridge News; Reuters  -  316 words
    • Article
      MARITIME STOCKS
      190 27 U 1« CWT attribution _0.28 -0.01 S3 Chuan Hup 0.45S *OMi 22*3 COMO MVMtmMtt .0.48 *0.01 wnfikijjS 1 ZZToios -o.oos r assays -ss "g MCHoMnga —MK 5.60 JayaHoWngi 0J4S Ssrizss -°s jl 0.99 '*20 »f— < T.—. 0J9S ♦0.005 112 rosr*—as aoj 15 «$M M PttmtCmfrt 0.37 *0.005
      190 words
    • Article, Illustration
      Lock icon S'pore remains busiest port in tonnage terms
      480 27  -  Republic has also retained its place as world's top bunkering port By] Felix Chan [SINGAPORE] Singapore retained its position as the world's busiest port in terms of ship tonnage last year amid keen competition from the region. The number of vessel calls received
      FILE PHOTO  -  480 words
    • Article
      Dredger is a ship and can be arrested under action in rem
      769 27  -  ADMIRALTY CASEBOOK By\ Selva Kumar TAN Irish court has decided that the definition of a "ship" does not depend on whether it is capable of self-propulsion and has held that a backhoe dredger can be considered a ship
      769 words
    • Article
      Lock icon Japan shipbuilding orders up in July
      102 27 AFP [TOKYO] Japanese shipyards received export orders for 18 vessels In July, compared to 39 a year earlier, an Industry group said yesterday. In tonnage terms, July's orders Increased 54.2 per cent from a year earlier to 962,500 gross tonnes, the Japan Ship Exporters
      AFP  -  102 words
    • Article
      Taiwan to relax rules on cross-strait shipping
      233 27 [TAIPEI] Taiwan will relax rules on semi-direct shipping links with China at the end of August to allow foreign-regis-tered vessels that are currently allowed to ply direct crossstrait routes to extend their routes to third countries without offloading cargo, an official from the
      233 words
    • Article
      Lock icon Strike continues to disrupt Santos port operations
      249 27 Bridge News [SAO PAULO] A strike at the Port of Santos continued disruptions to shipping and trade. While Sopesp, the group that represents company owners, lodged a judicial complaint last Friday in an attempt to force unions back to work, it was not
      Bridge News  -  249 words
    • Article
      Hongkong Ferry to lose franchise
      201 27  -  From David Taylor in Hongkong THE Hongkong government has decided not to renew the franchise of Hongkong Ferry (Holdings) (HKF), when it expires In March next year. Submissions of interest for the 12 routes have been received from eight parties, including HKF. More than 1,000
      201 words
    • Article
      Lock icon Taiwanese deputies defy govt ban to sail directly to Xiamen
      243 27 AFP [TAIPEI] A group of Taiwanese deputies were to arrive in the southern Chinese port of Xiamen on Wednesday in open defiance of a government ban on direct shipping links across the strait. "We want to bring to the attention
      AFP  -  243 words
    • Article, Illustration
      Lock icon End of UK ratings on P&O?
      718 28 CONTAINER SHIPPING A plan to sack 300 Britons means there will be no English ratings on the entire UK-registered P&O fleet Lloyd's List [LONDONI SOON there will not be a single British rating on the entire Britishregistered P&O containership fleet. P&O the company which
      Lloyd's List; FILE PHOTO  -  718 words
    • Article
      SHIPPING SCHEDULES INDEX
      331 28 PACE Express TL 14 ANL 3 Foonq Sun 8 Accord 8 Frot4 5 Ahrenkiei 14 Frt Links 16 Appenship 5 G L,nk Astro 3 Gemartrans 8 Austral 9 Genshpg 9 Avant 16 Glor Niv w B'tang Mas 8 BSA 7 9 BTl 16 3 Bangladesh 15 Hwf
      331 words
    • Article
      SHIPPING GUIDE
      17831 36 THEBUSINESSTIMES EXPORT i IJJO ETA ETA Advertiser V*iSX Voyaga T*l«phon« I ETA ETA Advcrtisar V*ss*t Voyaga T*t*phon« SIN Dasfn Nam* Nam* NumB*r Numtar I SIN Dastn Nam* Nam* Numb*r Numtwr A I 25/06 20/09 Yang Ming RIVER CRYSTAL 0O53W 65-*****10 A 25/08 29/10 ClanS A WAN HAI 2H
      17,831 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        671 43 Voy No Bftli jnW Departure «Hara 2929 *****6 HonqjKk 20.06/2100 Bt Mm Gt6 S7 *****8 J01 alongud* 20.08/2330 8t Mustifca J 082S98 J01 alongside 20.08/1800 Bt S«]iti AUC20 JO) alongside 20.08/2359 Bt Sur *****8 JOI jiongsKJ* 21.08/0130 Bt Suriati 4 6A0898 J01 alongside 21.08/0030 Camellia Est 1 J14
        671 words
      • Article
        CONTAINER SCHEDULES
        1672 43 RECEIVING Of EXPORT FCl CONTAINERS AND LCL CARGO Booking/EUUnct Rstls Ship VoyMo Etb/Btr Ptiiod From To From Um XX 2V0700 u 20/1500 20/1900 Hi £225 kvwoo MflTOO 21/0659 2V090C a wrap 21/0*59 21/0900 2Vo?oo n/nst 21/M00 4 21/1200 2VM59 21/1700 '"H00 U 20/R00 20/1*59 20/T90C 20/1500 20/1659 20T90C
        1,672 words
      • Article
        GLOBAL HOLIDAYS
        189 43 An|3L Luxembourg: Luxembourg City Kermesse. Malaysia: National Day. United Kingdom: Summer Bank Holiday. Sep7 Canada: Labour Day. Hong Kong: Day following Midautumn Festival. United States: Labour Day. Sap 15 Japan: Respect of the Aged Day. Sep ie Mexico: Independence Day. Sep 23 Japan: Autumnal Equinox Day. Sep 24
        189 words
      • Article
        COCKETT BUNKER MARKET REPORT
        913 43 THIS report compiled by Cockett Marine Oil Ltd. shows price ranges m US dollars instead of single prices for a more comprehensive description at the market Prices shown are based on average-sized stem Market movements are indicated The Cockett Bunker Price Index change and the individual
        913 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        376 43 Carbon 180 Mm 992.0 0.8 19.9 0.10 72 0.07 U Density Water IhMm Art Ahiwintwn Sediment *k> «0ov» £25 3 0 8 0 0 0 380 Ave 987.0 0.3 I5J 0.08 29 0.04 Emu 380 Mai 992.3 0.9 19.2 O.tl m 028 rnt m«M4 Mo tbovt
        376 words
    • AIR&LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon EU may sue if UK defies ruling on sale of BA slots
        543 44 Bat European Commission hopes to avoid confrontation with UK govt Bloomberg [BRUSSELS] The European Commission warned it might sue the UK at the European Court of Justice if the government allows British Airways pic to sell landing slots
        Bloomberg; FILE PHOTO  -  543 words
      • Article, Illustration
        Lock icon Qatar Airlines jet catches fire
        98 44 AFP [DHAKA] An engine of a Qatar Airlines plane caught fire just before take-off from Dhaka international airport yesterday but all 226 passengers and crew were evacuated safely, Bangladeshi aviation officials said. The Airbus-300 with 216 passengers and 10 crew was awaiting take-off when a
        AFP; REUTERS  -  98 words
      • Article
        Lock icon Lufthansa, SAS, JAL to start freight service
        196 44 Reuters [STOCKHOLM] The cargo division of Scandinavian airline SAS said yesterday it had hammered out a deal with Lufthansa Cargo and Japan Airlines to start a Joint freight service next month. "Starting Sept 21 this year a Boeing 747-200 jumbo freighter from the
        Reuters  -  196 words
      • Article
        Lock icon KLM seeks to reduce no-show cargo
        181 44 Reuters [AMSTERDAM] Dutch airline KLM said on Wednesday it was looking into ways to reduce a 50 per cent no-show rate in its cargo business and added that the situation could prove costly to the firm. "If you have bookings and they don't materialise
        Reuters  -  181 words
      • Article
        Lock icon Airline acts against strike call
        180 44 Reuters [AMSTERDAM] Dutch airline KLM said yesterday it had begun legal action against pilots' union VNV to force it to withdraw a call for KLM staff to take strike action in support of their colleagues at Northwest Airlines. An Amsterdam court is expected to consider
        Reuters  -  180 words
      • Article
        Lock icon New Delhi to start on long delayed metro system
        287 44 AFP [NEW DELHI] The Indian government has finally decided to start work on a jinxed Indo-Japanese project to build an underground metro system in the national capital, officials said. Officials from the stateowned Delhi Metro Rail Corp (DMRC) said that construction
        AFP  -  287 words
      • Article, Illustration
        Lock icon Qantas to launch new S'pore-Paris service
        304 44  -  By] Felix Chan [SINGAPORE] Qantas will introduce a new Singapore-Par-is service as part of its Northern Winter Schedule. The thrice weekly 8747 Sydney-Singapore-Paris service, beginning on Oct 26, underlines efforts to redirect capacity to the buoyant US and European markets amid the economic slowdown
        REUTERS  -  304 words
      • Article
        Lock icon Air Canada pilots set for strike with breakdown in wage talks
        356 44 Bloomberg [MONTREAL] Air Canada's contract talks with its pilots collapsed, and both sides have asked the government to let them prepare for a work stoppage, the union said. The Air Canada Pilots Association said its 2,100 members could be
        Bloomberg  -  356 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1793 44 ott njtHT tu rucHT rro $0323 mo ****** 2359 tux m oroo mm $***** vat kmrttrim ****** 0735 K1844 0040 SOW 1700 SQ990 01B SO327 07SS 0*974 2255 $0803 (90S C2354 0*0 KU37 1455 KU3« 2300 CZ351 2045 $0004 WW "£2f! VW741 t310 VK742 0905 MM
        1,793 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      28 27 End of UK ratings on P&O Nedlloyd? A plan to sack 300 Britons means there will be no English ratings on the entire UK-registered P&O fleet. Page 2
      28 words
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      Page 27 Advertisements Column 2
      62 27 I w*m sK=iiSl LJ\y VIJ AGENCIES PTE. LTD. 1 PURE NEUTRAL NVOCC TO: 1 m USA HONG KONG PUSAN OTHERS 1 SINGAPORE: MALAYSIA: I 120 Tanjong Pagar Road PENANG Tel: 04-*****36 (10 lines) 2 Mac-Nels House Call: Yen Nee/Miss Khoo S Singapore *****2 P.KELANG Tel: 03-*****77 (12 Lines) Tel: *****22
      62 words
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      Page 27 Advertisements Column 3
      25 27 EU may sue if UK defies rating on sale of BA slots EU may sue if UK defies ruling on sale of BA slots. BaokPage
      25 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      635 28 I— I EXPORT I I OTHER DESTINATIONS I Sar- s ss si l ssa l»lssl 5 1 Iwlggl ssTsaH |ooQCM mbm M/n **/w m/m w/u m/u tt/n PMti PACIFIC HO* I Mill 1 TCOAaTOfCPnBALAMBIICAMABOAMTAAtBVICB -TaTy mi rg" I«1 w £dm 111 m I "gT I "IBS'- "m IVM »m omumto
      635 words
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      Page 28 Advertisements Column 2
      77 28 SANKYU (S) PTE LTD I 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX- *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 IVKM JAPAW POlrr n—"--"'"MY THU., VOY m SIN n TTO ETA KOI ETA YOK ETA MfiO EUOSi WWAMOMD ****** 23AUG oTstF I MSfPT 1 rM NEOU.OYDIQTTBDAM V.02EA31 25
      77 words
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      Page 28 Advertisements Column 3
      452 28 Lines services represented u.. lilol;) angapoSSss&»s \&BF+y Accredited Shipping Agents. C4AAJ Association Singapore Shipp«g Association vessel MV. NIAGA 56 ETA SIN: 26/3/91 ETA MALE: 02/9/9$ FCL/BRIAKBUUC OCEAN CHINA BfTRNATKMAI (S) PA TfU 271(996 PAX: 271 SSI2 MALAYSIA OfflCE OOANCHMA (MAUYSIA) SON MD TH: 03-*****67 PAX: 02-*****40 1 I NORTH WEST
      452 words
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      Page 29 Advertisements Column 1
      1017 29 TO EUROPE FROM EUROPE Ivcsa VOT MM RTM AW HAM RRV SOU EXT UH~||vKSfl VOY 1 RTM AHR HAM RRV SOU FIT UH SW NOIPfAM 004W 24/08 10/09 12/09 15/09 09/09 MX AGAR 007E 31/07 01/01 04/0119/0717/9* DANUOE S4OW 27/08 19/09 14/09 17/09 14/n* NOl CORAI 007f 07/04 04/0* 07/04
      1,017 words
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      Page 29 Advertisements Column 2
      2024 29 HANJIN SHIPPING HANJIN SHIPPING (S) PTf ITD ta, //wm tap* cm lOOUNC 37******37 SAUS 37M774 231 DOCUMBtT 32*0271 274 OffUDOKS 32*0241 252 HMD UK *****55 FAX 277 tH« a *****t3000M I TO NW USA A CANADA I CANADA* WVUAOT I"" I mmkrm I**l 1 o»" Iml OR I MSP PTT
      2,024 words
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      Page 29 Advertisements Column 3
      400 29 Yfssfl wr_ re voy sw hkg ta trsw rus |«ssa I OIK HOW6KOM6 BOSS 23/ M 2S/00 ~OOSN 26/ M 30/00 01/W 03/W 04/W I flflj I 2VH I MP; |WJ 111} ia/M I Mflll l «MTC PUSAN WW 20/00 04/W 06/W 00/W W/W ItMTf trmmf. o« I Sffl I
      400 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      1249 30 DSR-SENATOR LINES TO UK/CONTINENT TOREDBEA/MEDITCRRANEANCANADA v«sa vor 7ST ibi btm urn ham |mv Ifu 11 ««ti vot sm jh> m wt h» Inc Imtw HUM SELENf WOO 7 MM 11M 12 M 10 Ot 11 M 13 M PAUMDO tHUTOR WMS37 »M 11N MM MM 10 H IIM I<M WNJM
      1,249 words
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      Page 30 Advertisements Column 2
      932 30 £?2!2£!!®? ~TR ROW*** nffrrnr MA«-A:tK>2)MM«4 £!M*AMG MANILA (SOUTH HABBOUP}" MV "KOTA HARMUNI" VHNIIBG ETA SIN: 29/08/98 MV SEVEN SEAS AURORA V.BOBN ETA SIN: 23/08/98 S HWPHONG CANADA MV "VAN XUAN" V.E5198 MV "HANJIN HONGKONG" V.073E ETA SIN: 29/08/98 ETA SIN: 23/08/98 HONGKONG HAM/RTM/FXT MV "OOCL HOPE" V.15EM31 MV "HANJIN SAVANNAH"
      932 words
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      Page 30 Advertisements Column 3
      444 30 JESSELTON LINK WSr TILi StIMM PAXt lIISI IS MUARA j i LABUAN vissa vot fTD n* vrssa vor m m sratf muaia sratf IM AHUOOtT V2IE/90 21/Ot 24/00 tfttOORT V2IE/N 21/01 2S/W JJtOSPH V2U/90 25/00 20/00 l«OSfB V2K/W 25 /M 29/00 AfIBLOOtT V221/W 31/00 03/09 APUOOtT V2X/M Jl/01 04/09 iPtOSPB
      444 words
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      Page 31 Advertisements Column 1
      1186 31 [VESSEL VOY SIN POU PKQ PEN PQB DUB I BHJ BA I BIK IRAN TAKHTI PJL 1300 10/08 27/08 28/08 28/08 29/08 IRAN TEYFOURI PJL 1302 22/08 30/08 31/08 31/08 01/08 IRAN VAHDAT PJL 1299 03/09 14/09 IRAN MATIN PJL 1308 20/09 28/09 29/09 29/09 30/09 PQB- Mini Oaboos. DUB
      1,186 words
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      Page 31 Advertisements Column 2
      2171 31 MMimiJk m ia§M in is i EVERY THURSDAY 1 S ,IT^ T OUTWABD (l/L) :4MSMJ JOHOM Of FKi a nmnmwi 4W5M, wwaDmnio/w mms COSTM AGENCIES (M) SDN MB «?T 420m5 TIL 02-07-3S 3816* FAX: 02-07-*****70 SM!," nri iw» nun «>»«/»« MKrthSlau' nS «2 SK2 31/w rocHf/wso* I 17/w Jm! n/m
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      Page 32 Advertisements Column 1
      1248 32 I EUHOPt/im/ICAIiPtIiAVIA/HWUyiP/HmSIA I S6P ROM ANW HBG THP ZEE LHV I LHV THP RDM ANW HBG PKL REi E (NAMONO RW-001 25/04 11/09 18/08 13/09 14m 15/09 17*0 IE GARLANO REOS4 20/07 28/07 2M7 20/07 22/ E DELUXE RW-004 30/tM 18/09 22,09 19/09 21/09 22/09 23AM IE GLOWING RE-045 01/01
      1,248 words
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      Page 32 Advertisements Column 2
      438 32 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL I VOT I SW I PUJ I DUB I CPT I |/MT~ WMttlftWCBS V.023S 23/ M 07/W 11/W mmtm rm 31/ M w/of 13/w 11/w ~m~ mmiDtMwi voots 07/w 17/w 21/w m/w mraifmg Y.OMS is/w w/w 03/10 mmvaus torn ?3/w
      438 words
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      Page 33 Advertisements Column 1
      412 33 BSfl it mm MYANMA wHBk FIVE STAR UNE (HyiMMr Notional Um) 1 Looditg for Ymgoa (Raogooa) Vissa VOY SM PU HN KU smwi am su> PATHQN 150W a» MALAYSIA AGENTS: MUSTIAD SMPPMG AGMCKS KUL Til (03)*****00 PKL IB (03)37*4101 KM: TU (04)24)240} PGtfc TH (07) 25)2321/4 BANK LINE (A itnkt
      412 words
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      Page 33 Advertisements Column 2
      1189 33 I 1 HYUNDAI MERCHANT MARINE CO., LTD. tww S 11/00 NOALII MX *!Sls/07 oflt I MX HAM 004W 24/ M 09/09 10/00 12/09 15/00 NOICOtAL 002f 07/00 M/M 02/5 04/00 H/2 DANUK MOW 27/00 14/09 19/09 14/09 17/09 HYADMMAI 30X 04/00 M/M 04/00 07/ M n* I TYM 521W 21/00
      1,189 words
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      Page 33 Advertisements Column 3
      939 33 1, S noo HBtan nrnkiiml aukxonwt Wilhelmsen Unes TO MOUTH >118 LATIN AMERICA HOHO HtAVYUfT SOWd' fvtssa vor ramp height sm uu cu mm sav |bm|o» mrc |kw |M wmpr UTT 400 Ims ~um ***** "M7ST •T7I? 047TJ" WTF R7TT "WHT TJ7TT 777TT" ttUIOT nil 4001 m* um 10/01 10/IO
      939 words
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      732 34 mWKOMUy TA PHUT/LAIM CHABANOI J A K ART A/PAX JANG VESSEL VOY SIN BKK MTP LCH VESSEL VQY SIN JKT PJN RATHA BHUM 27N 22/06 28/06 26/08 DEJA BHUM 781S 22/06 26/06 MATHiI BHUM 377N gM 28AM TRANSCORD 001 22/06 28/08 YANTRA BHUM" 2S4N 23/06 28/06 27/06 ACX RUBY# 29S
      732 words
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      Page 34 Advertisements Column 2
      476 34 BINTANG MAS SHIPPING PTE. LTD. fl NEIL ROAD, SINGAPORE 0206 *****68 FAX: *****64 TLX: R*****6 SINMER fP CR No: **********0W Racwving Cargo at PTI I I Untulu Iffiiani miLi Vfi! s® rru ¥5Hi voy sin mua ISn VftlK 22-72/06 2VW »W W6141 7130/01 04/09 ,S ll WW OH6/W 11/W MM,
      476 words
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      Page 34 Advertisements Column 3
      625 34 Ij A /ICCORD MM SHIPPINQ PTE LTD l£»««) FAX: *****30 KIT KLAKC tS3)M7IMI I" ""KT ACCiSS m: *****55 (IXFOUT BOOKING) FkSB 6UOAM6 CntSl \V7 *****34 (EXPOST DOC), *****39 (lAAPOHT) nuM (M) SSI 1444 U6UHTT^//WWW ACCO6O.COM.SO JAKAKTA (J1) 444 4T74 ™MM m SIN POtr ITA SIM PORT ITA $181 (FAR EAST)
      625 words
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      Page 35 Advertisements Column 1
      404 35 INDONESIA NATIONAL LINE TO EUROPE EXPRESS SBW-COWTAINERtSED SERVICE ~*si VOY PORE A DAM/R OAM IH >U«G lIREMENIIREMEN lANTWER A VESSEL 20/1Q 25/10 OMIT 08/11 TO AUSTRALIA ~T FULL CONTAINER SERVICE m I VOY |[PKC ERE OWE SYD MEL USA API FW AUSTIULIMI ENTERPRISE 17S 2044 Z2M KM 4444 07» IMO
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      Page 35 Advertisements Column 2
      714 35 1 PACIFIC INTERNATIONAL LINES (PTE) LTD^ I I SSSsSSmii 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I II CRNO **********QE I I [ytssa VOY m fre stp m m I lUNGA TERATAI 3 in3l3 20/1 21/6 21/1 2/94/9 J/9 I i 7/» il/i ifH OOCIAWJTY Ml ~Tift- C kH
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      Page 35 Advertisements Column 3
      881 35 SSELS I 8,4 T JED I MLA LEH HAM THP HTM ZEE VU-E D'AQUARIUS UZ7W 25/06 02/09 WW 13/00 15/09 16A» 17/08 18*» W-LE DE ANTABES L77W 01 «g> 14/09 21/09 22/06 24*06 2SA» jM» VXEOEVWQO S27W 07/09 17/09 21/09 26/06 28/09 30*06 30/09 01/10 IVU-EOEVBA N27W 23/00 28/06 04/10
      881 words
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      48 37 Vbtal Dial 740-6000 on demand! —(Retrieve more schedules!) s£Wr ct JCTV 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 rTC The document Will be Shipping Times 319*g*sizc.
      48 words
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      49 39 STq£| Dial 740-6000 on demand —(Retrieve more schedules!) s£WlCT Jb\ Select the port and key in ST »J 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 21p«ks,ss£-
      49 words
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  • Page 40 Advertisements
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      Page 40 Advertisements Column 1
      865 40 SHIPPING LINE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. 1047M*****0 BOOIUMGS CALL DIRECT I| NE: *****41/43 JESSICA/CELIA/MEI CHAN il*****HEffi[Hß 7 slgs/week 2 SLG/week I |VEBBEL VOY SIN JAK [VESSEL VOY SIN PLB I GLOBAL HORIZON 910 22/08
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      Page 40 Advertisements Column 2
      546 40 "I hfffSS, IM Ul m co wi u I MI SMO47S (4 Um«) Phi SUOIU/S)»1 [_X mmooow I VlSSll VOY SIN ETA SIN ETD DfSTINATION J OwJoyc 14/98 21/08 22/08 Perowwg^Boru/Buoton Buono Abodi 14/98 21/08 22/08 Belowon Unggui Joyo 10/98 21/08 22/08 Dunwi/Perowno Owwifuegos 04/98 23/08 24/08 fa* lungkul/Sorobcw Morco
      546 words
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      Page 40 Advertisements Column 3
      394 40 to] *401 Wi •AWnTSRnVTIVffRVVfPK J Sid FAR EAST 23/08 KEELUNG/KAOHSIUNG 23/08 BANGKOK 23/08 MANILA/CEBU 23/08 JAKARTA/BELAWAN/SURABAYA 23/08 PORT KELANG/PENANG/E. MALAYSIA 26/08 BUSAN 23/08 TOKYO/YOKO/KOBE/NGO/OSA 23/08 HONG KONG 5W CHINA (+IS*±«;«CI) 23/08 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGOAO/HAIKOU SIM EUROPE/UK 23/08 LDN/FLX/LVP/SOU ■M RDM/ANT/LEH/HAM/GOT/OSL Jy also accepting cargo to EASTERN BLOCK J COUNTRIES
      394 words
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      Page 40 Advertisements Column 4
      481 40 9 rrfi Singopore Soviet Shipping CPI cifcioosoaoooo* k\\l Mdtftnc SMpping Pi an* iwsmooooc VESSEL VOY SIN BOM PNQ PKL BUXMOON 116N 23/06 31/06 12AM 13/06 KOTARUKUN RKNOII 29/06 06/09 18/08 19/09 KOTARATU RTUOI9 OS/09 13/09 29/09 28/09 I VESSEL VOY m CALCUTTA |W~| NOGLIKI 207/96 128-29/081 03/09 13/09 TOMARI 209/98
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  • Page 41 Advertisements
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      Page 41 Advertisements Column 1
      831 41 ASIA-MEDITERRANEAN EXPRESS AME) WESTBOUND SERVICE VESStI VOY SIN CMS I ftR I U SKZIA I VIC I LtH I FXT ANT MSC REBKCA 9833-3 24 AUG 07 SEP 10 SEP 12 SEP '6 SEP 17 SEP 18 SEP NOR SINGA 9834-3 01 SEP 05 SEP 15 SEP 18 SEP 20
      831 words
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      Page 41 Advertisements Column 2
      1730 41 I vR«/wwiq —mmmnsimiEisiMmmmammmm I I SSf 33 07M u& BL |VB«/VPT»« SOU WW HAW jj SUM KOK HAGOTA SWWZU [TOKYO K"2» VM >"» 14* IS* mUUKMBH 04U30 2107 2107 21.07 02* 1100 24* 2100 27* H*[| I' >SWMS '*-09 21 jO9 22* 26.09 WW— 021A31 01.08 0104 04.01 0101 2101
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  • Page 42 Advertisements
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      Page 42 Advertisements Column 1
      849 42 I VESSEL VOY SIN MAA SIN TIGER WAVE 644N 26-27/06 01-04/09 09-10/09 TIGER BRIDGE 645N 28-29/08 03-0609 11-12/09 TIGER BAY 646N 3<M)l/09 05-09/09 14-15/09 TIGER ISLAND 647N 04-05/09 10-14/09 19-20/09 TIGER WAVE 648N 08-09/09 14-17/09 22 23/09 TIGER BRIOGE 649N 11-12/09 17 2(V09 25-26/09 I VESSEL VOY SIN CAL SIN
      849 words
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      Page 42 Advertisements Column 2
      789 42 111 FREIGHT LINKS EXPRESS T#,: *****66 t 6O Fax: *****33 E-mail: flasin@singnet.com.sg REGULAR CONSOLIDATION SERVICE ALEXANDRIA/ BUENOS AIRES/ CEBU/ CALLAO/ COLON, PANAMA/ ISTANBUL/IZMIR/ LAEMCHABANG/ MALTA/MEXICO CITY/ MANZANILLO/ PASIR GUDANG/ SAN ANTONIO, CHILE/ SANTOS/ SHANGHAI PLEASE CALL OUR TOLL FREE LINE: 1 800-*****66 FOR BOOKING Overseas Offices Hongkong *****113 flms@asiaonline.net Port
      789 words
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      Page 42 Advertisements Column 3
      1244 42 II OOCI (Sinoopore) Pt» Ltd CFS KeppeJ Distrplc 79 Amm Road #21-04 (S) *****6 I* 513 #01-121 efo.. ONOIII7I7MWOON M 272 7527 fmhtki Wf W: *****13 F« 221 3942 F.x: 272 7825 Sf\ 000- (Malaysiql Sdn. Mid. IKTAUNGJAYA Uk 03-754 776 Fu.-03-7S6S 342 raff 3269 ISO IKNANG T«t 04-*****45/1 Fm:
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      88 43 LEGEND: R Thunderstorm Temperature c Weather Wind direction with speed in knots Rori Cloudy Sky Wow* height Serfoce wH*h of. indicated by arrows whkh Hy »,th the wind U Z T" T 5 knot. nT"™ kno,i 4oM '•present* 50 knot, 0.5 01 0 5 metre. 02 I 0 metre. 03
      88 words
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