The Business Times, 24 August 1998

Total Pages: 46
1 46 The Business Times
  • 21 1 THE BUSINESS TIMES MITA(P) ll(Vt2/97 85c S I N G A P o R Ef-~^ Internet: http://business-times.asial.com.sg/ MONDAY, AUGUST 24, 1998
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  • 54 1 STOCK MAKKET INDICES Week Change STII mm. -40.96 BTSRI .381.57 -6.85 KLSECOMP 324.06 -3.92 NIKKEI I5,29&20._+174.27 HANG SENG 7,527.61 ...+302.92 SET INDEX. 238.92 -17 JAKARTA COMP 388.35... -26.28 MANILA COMP 1,372.60. +34.68 TAIPEI WP! 7213.37 -158.47 SEOUL COMP .316.62 _...+12.01 CLSA CHINA B 566.05 ,„.+29.84 AUST ALLORD 2,635.00.„_.+66.00
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  • 79 1 FOBEX KATES uss s$ US$ 1.760 S (US8/SS per 1.636 2.879 DM 1.797 0.979 YEN 142.9 1.231* RM 4.215 .0.417 HKI 7.748 0.227 BAHT 41.335 0.043 Rl'PIAH 11.750 0015* S$ to 100 units PRIME RATES SINGAPORE* 788 KUALA LUMPUR 11.50 JAKARTA 28.00 BANGKOK 14 75 MANILA .22.90 HONGKONG 1025
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  • 941 1  -  S'pore has resources and resolve to withstand external shocks By. Audrey Tan [SINGAPORE] Singapore is in for "some very tough times" as an end to the current regional economic turmoil is still not in sight, Prime Minister Goh Chok Tong said
    ALPHONSO CHAN/ST  -  941 words
  • 645 1  -  Financial support also offered to KL, bnt no deal yet By' Wong Wei Kong [SINGAPORE] Singapore has helped Malaysia by continuing to hold "several billion ringgit" in its foreign reserves even though it could see the Malaysian currency steadily depreciating, Prime Minister
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  • 346 1 {SINGAPORE] It will be "most unwise" for the government to allow 100 per cent financing for property or allow CPF savings to be used for cash downpayments, Prime Minister Goh Chok Tong said yesterday. Despite "repeated calls to do so", the government has not
    346 words
  • 230 1 AFP [KUALA LUMPUR) Malaysian Prime Minister Mahathir Mohamad was quoted yesterday as saying that he has not ruled out the possibility of an early general election. "I do not rule out the suggestion but I have to study the matter first," Dr
    AFP  -  230 words
  • 446 1 He names ex-PM Chernomyrdin as interim premier AFP [MOSCOW] Russian President Boris Yeltsin abruptly sacked the entire Russian government yesterday as Premier Sergei Kiriyenko and his team paid the price for an unprecedented economic and financial crisis. In a statement released by the
    AFP  -  446 words
  • Page 1 Advertisements
    • 154 1 dtstoe 14 electronics firms sack 4£oo workers Analysts believe the number could be even higher, since not all layoffs are reported and some companies avoid large-scale retrenchment exercises by letting a few people go at any one time, Pf4 I Quark bullish about doabting growth here Quark Inc expects to
      154 words
    • 9 1 Dr M renews attack on Bank Negara, Pg 6
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    • 251 1 More reports, Pg 2 I I I Managing Asia's Recession wEgdv I I Annual Planning Forecasting Meeting I I Most managers of Asia-Pacific businesses were not in their present jobs during the last I Asian recession. And this one will be more severe and more long-lasting. To guide you I
      251 words

  • NATIONAL DAY RALLY
    • 1521 2  -  Republic has a vested interest in Indonesia's stability and prosperity By' Wong Wei Kong SINGAPORE will help Indonesia within the limits of its ability, and whatever it does, should make a real difference, Prime Minister Goh Chok Tong said yesterday. Singapore has
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    • 359 2 PM Goh cites S'pore port as an example of efficiency paying off SINGAPORE has to be efficient and "work smart" to give itself that extra edge over its competitors, Prime Minister Goh Chok Tong said. Noting that wages here will always be
      359 words
  • Page 2 Advertisements
    • 231 2 I JscfuVHAUCTRAIIT U 0F IML Ranked Among Australia's Best Universities" **^0 tt'isj "Top 5 Most Popular Australian Universities Among Asians* ors*i^l iTlvV^ib MSc Finance y MSc Marketing Management MSc Human Resource Management am v Mjy Accelerated short program BSfiTSTemTyM i Doctor of Innovative Structure and Content IQjjQSZH Business for bus
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  • Page 3 Advertisements
    • 324 3 flrt I *<Tr r Mfcj* JSaflfc*!S£Cj^. I Some people get I I all the breaks. I In llfe there are breaks and ther e are "Great Breaks." This couple is enjoying a few months of travelling and taking advantage of the "Great Breaks" Promotion, it Great Break. We put the
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  • SINGAPORE AT HOME & ABROAD
    • 733 4  -  They form one-third of total layoffs in the period; pace of. retrenchment expected to pick up By, Jennifer Lien AT least 14 electronics companies retrenched some 4,800 workers in the first half of the year one-third of the total layoffs here
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    • 398 4  -  System is being fine-tuned, says callback operator By 1 Teh Hooi Ling CALLBACK operator Infoseek, which had a brush with the law early this month for offering direct dial service using frame-relay, has launched a "seamless callback" direct dial service. Infoseek vice-president Salwant
      398 words
    • 247 4  -  EYE ON THE ECONOMY Inflation By. Audrey Tan CONSUMER prices continued to fall in July as deflationary forces set in consumer cent from the same period last year, with cheaper transport and communication costs leading the decline. Figures released yesterday by the Department of Statistics
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    • 516 4  -  Monthly average in 2nd quarter falls 45% to 19,000 By' Teh Hooi Ling THE monthly average of new mobile phone users has fallen by some 45 per cent in the last quarter compared with the average for the 12 months ended March 1998.
      Source: TAS  -  516 words
    • NEWS Roundup
      • 100 4 The Straits Times GET a job as soon as you can, labour chief Lim Boon Heng said when he addressed Ngee Ann Polytechnic students on Saturday at a graduation ceremony. 'Time will not be on your side: the longer you wait, the
        The Straits Times  -  100 words
      • 50 4 AFP [TAIPEI] A Taiwan-Singapore commercial joint venture satellite is to be launched by a French-built rocket in South America this week, officials said yesterday. The satellite, called ST-l, is to be put into orbit by an Ariane-4 rocket from French Guyana, Chunghwa Telecom officials said. —AFP
        AFP  -  50 words
  • Page 4 Advertisements
    • 180 4 Lost Ifour a ps 19h Try finding it at Classification 821 (Found) of The Straits Times Classified. CAXIS^ About University of Southern Queensland: Excellent graduate placement as reflected in the "Good Fully-funded by the Australian Federal Government Universities Guide to Australian Universities". The Member of the Association of Commonwealth placement
      180 words
    • 115 4 Biz Card Manager New! Version 4.0 (32 bit) for Windows 95/ NT The easiest way to manage all your business contacts! Biz Card Manager scans and reads all your business cards and automatically creates a database of your business contacts. With Biz Card Manager, you can A Scan and organise
      115 words
    • 46 4 20 YEARS OF EXCELLENCE Cf*r <m »W||7 In air-conditioning, ventilation, 10 Anson Road #12-14 mechanical and imefnawnai pia» electrical systems Tel: 2220*5 f«x: *****5s for the building Email hpcs gl @cybeTw. y xom^ 0 Website at indllStry. hup://ww*»hitachiptaftt.hbi.ne.jp vßusiitess/ iSeroice&J&roiliicts/ The Straits Times Classified Classifications 201-266
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  • REGION
    • 423 5 JAKARTA Ruling party on the lookout for other groups with similar platforms to its own Reuters, AFP INDONESIA'S ruling Golkar party expects to win only about a quarter of the vote in general elections next year and is looking for
      Reuters,; AFP  -  423 words
    • 197 5 ■BATUPAHAT Bernama MALAYSIA is losing about 1 billion Malaysian ringgit (Ss4l7 million) a year in the form of shipping insurance because local exporters use foreign ports, especially Singapore port, Deputy Finance Minister Affifuddin Omar said yesterday. Because of this, the government was
      Bernama  -  197 words
    • 391 5  -  SEC to probe Peat Marwick Suthee for possible wrongdoing From Harish Mehta in Bangkok THE probe into alleged loan fraud committed by former Thai academic and minister, Narongchai Akrasanee, when he headed the shuttered General Finance, widened on Saturday when the authorities launched
      391 words
    • 339 5 JAKARTA Reuters INDONESIA'S President B J Habibie said on Saturday he was loath to sell off state institutions while markets were depressed but added that privatisations already in progress would proceed. Indonesia, in the grip of its worst economic crisis, has
      Reuters  -  339 words
    • 202 5 PHNOM PENH AFP THOUSANDS of Cambodian opposition supporters, defying threats and fears of violence, gathered yesterday to protest the results of last month's elections and demand strongman Hun Sen be removed from power. A raucous crowd of more than 7,000 crammed into the
      AFP  -  202 words
  • Page 5 Advertisements
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      309 words

  • ASIA'S ECONOMIC SLUMP
    • 415 6 REVAMP Of LTCB Reuters [TOKYO] Japan's main opposition party yesterday proposed nationalising the ailing Long-term Credit Bank of Japan (LTCB), and ruling Liberal Democratic Party policymakers agreed to consider the idea. In a TV Asahi programme, senior Democratic Party policymaker Kansei
      Reuters  -  415 words
    • 565 6 Criticism seen piling pressure on central bank governor Reuters [KUALA LUMPUR] Prime Minister Mahathir Mohamad has renewed an attack on the central bank, accusing Bank Negara of compounding Malaysia's financial problems by following the International Monetary Fund's advice. Government officials said
      Reuters  -  565 words
    • 296 6 Bernama [KUALA LUMPUR] Malaysia is determined to face the current economic crisis head-on, anticipate and deal with impending problems and adopt pro-active measures for a speedy economic recovery, said Special Functions Minister Daim Zainuddin. "Not everything is under our control, but on
      Bernama  -  296 words
    • 830 6  -  CRISIS WATCH Force majeure call highlights need for creditors to tackle Issue immiiiwgftiiiy By Vikram Khanna LAST week, an Indonesian supreme court judge sent the jitters through the ranks of the country's foreign creditors. In response to lobbying from heavily-indebted local businessmen, the
      830 words
    • Article, Illustration
      40 6 [HONGKONG] A shopper leaving a store offering 50per cent discounts on Friday. The vast majority of Hongkong stores are holding large sales to attract customers as the Asian economic crisis continues to put pressure on retailers. AFP
      AFP  -  40 words
    • 338 6 Analysts question if such a stimulus plan is needed at all AFP [TAIPEI] Taiwan's cash-rich government has unveiled plans to spend more than US$37 billion (5565.1 billion) to lift the economy slowing under Asia's financial crisis, but analysts are sceptical whether the plans
      AFP  -  338 words
    • 293 6 Decree is now law; needs parliamentary acknowledgement Reuters [BANGKOK] Thai Prime Minister Chuan Leekpai said yesterday King Bhumibol Adulyadej has signed an executive decree approving the country's multi-billion-dollar bank reform package. "His Majesty the King granted his signature on Sat- urday and
      Reuters  -  293 words
    • 327 6 Team arrives amid row over Manila's rosy growth targets AFP {MANILA] An International Monetary Fund (IMF) mission is due here this week amid a public row over Philippine officials' rosy economic growth targets in the face of the Asian financial crisis. The government of President
      AFP  -  327 words
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  • REGION/WORLD
    • 690 7  -  But overall sentiment among investors remains optimistic From. Andrew Marks in New York ALL eyes are on Wall Street this week following the initial tumble suffered by the Dow Jones Industrial Average last Friday, before it recouped much of its losses at
      690 words
    • 446 7 AFP [SINGAPORE] Fluctuations in the Japanese yen and Russia's attempts to resolve its debt restructuring crisis will largely determine the direction of Asian financial markets in the coming weeks. Russia announced last week a rouble devaluation and a 90-day moratorium on
      AFP  -  446 words
    • 617 7 Martha's Vineyard, MASSACHUSETTS US to make it hard for Saudi exile to move assets around Bloomberg UNITED STATES President Bill Clinton ordered the Treasury Department to freeze the financial assets of Saudi exile Osama bin Laden, the suspected mastermind behind bombings of two US
      Bloomberg  -  617 words
    • 282 7 KUALA LUMPUR AFP A PRAWN project in Malaysia's northern state of Kedah which is operated by the Saudi Bin Laden Group has no direct connection with multimillionaire bombing suspect Osama bin Laden, reports said yesterday. "I hope the US will not misunderstand this and
      AFP; RBUTERS  -  282 words
    • 408 7 SEOUL AFP SOUTH Korean Labour Minister Lee Ki Ho stepped in yesterday to force bosses and unionists at Hyundai Motor Co to resume talks after ruling party mediators suddenly withdrew, blaming management hardliners. "The minister went into a marathon session with managers and
      AFP; REUTERS  -  408 words
    • 157 7 TAIPEI AFP TAIWAN is set to overtake Japan to become the world's largest notebook computer producer by the end of this year, an official said yesterday. It i» expected to produce ,5.8 million this year, a 32.1 peft* cent rise
      AFP  -  157 words
    • 140 7 HONGKONG AFP A US company is suing a Hongkong property developer for failing to repay US$5.4 million (559.5 million) worth of gambling chips from the world-famous Caesar's Palace casino, local media said yesterday. Nevada-incorporated Sheraton Desert Inn Corp, which operates Caesar's Palace,
      AFP  -  140 words
    • 434 7 CANBERRA There are fears that race might emerge as a central issue Reuters AUSTRALIAN Prime Minister John Howard yesterday vowed to fight the next election over tax reform, despite fears race could emerge as a central issue. Mr Howard said voters would
      Reuters  -  434 words

  • Page 8 Advertisements
    • 146 8 tiv uoiiltoo x iiiiwo, ifiuiiuaj nuguji atz, I t- J v 1; 'V You may think you BBRH know us. H :'-i .y) IS*1 S V Njf* *> -V* tr -< v-> -ft? T V, I *i £r-' j 4" V* Vt *>;' 'i •••♦>- i> i v- v s
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  • Page 9 Advertisements
    • 63 9 United Technologies is a $25 billion corporation that provides a broad range of I high-technology products and support services to customers in the aerospace* building and automotive industries worldwide. United Technologies' best-known products include Pratt Whitney aircraft engines, Otis elevators and escalators, Carrier heating and air conditioning systems, Hamilton Standard
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  • BUSINESS IT
    • 693 10  -  Cash flow problems and need to upgrade technology are key factors for trend By Raju Chellam [SINGAPORE] More business enterprises are considering the leasing option instead of outright purchases of computer systems and software in the Asia-Pacific now than ever before. This trend
      693 words
    • 394 10 Reuters [CINCINNATI] The head of America Online, the world's largest computer online service, has urged advertisers to craft an approach to the Internet that is specifically tailored to a burgeoning medium that he described as "convenience in a box". "This is the
      Reuters  -  394 words
    • 534 10  -  New big-back Java Tarik project in Singapore adds to USssom pledge By] Kenneth James [SINGAPORE] Sun Microsystems isn't balking on its earlier plans for investing some US$5O million (SsBs million) for its Asia South operations over two to three years. In fact the
      534 words
    • IT TAKES
      • 61 11 [SINGAPORE] BG Lee Hsien Loong will be announcing Singapore's plan to establish itself as the regional hub for electronic commerce at Comdex/Asia on Sept 23. A detailed presentation on its implementation will follow the announcement. The trade IT event will also cover topics such as
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      • 59 11 [SINGAPORE] A public forum on Internet commerce will be held at the Pan Pacific Hotel on Sept 1 from 10am. Speakers are Mecklermedia Corporation CEO Alan Meckler, Cybersoft managing director Christopher Teo, Silkßoute Ventures chairman Wong Toon King and Singnet CEO Leong Shin Loong. To
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      • 64 11 [SINGAPORE] The Gintic Institute of Manufacturing Technology will be organising a seminar on Sept 11 to present technologies developed by its researchers to the local manufacturing industry. The technologies to be covered at this seminar are: plastic process, mould and die; precision machining; stamping and
        64 words
      • 92 11 [SINGAPORE] Equant, Sita and Cisco Systems have signed a technology and marketing agreement to support Equant's and Sita's plans to integrate voice with data services in more places around the globe than any other network or telecommunications alliance. Equant and Sita will also announce the introduction
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      • 61 11 [SINGAPORE] Hewlett-Packard has announced that it is offering interest-free full financing plans for customers purchasing its laser printers and large-format inkjet printers in Singapore. Under these financing plans, payment would be spread over a 12-month period. In addition, no payment is required for the first
        61 words
      • 76 11 [SINGAPORE] The National Science and Technology Board and Singapore American Business Association are among the organisers of a seminar on "Starting up in Silicon Valley", to be held on Sept 16 at the Marriott Hotel. This seminar will take participants through the nuts and bolts of starting
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      • 63 11 [SINGAPORE] Singapore-based Internet publisher Tricast has appointed Lim Joo Hong as its Chief Executive Officer. Tricast aims to offer Internet content sites to Asian audiences by localising selected global media brands such as CNET. This will be done by the customisation of North American content, the
        63 words
      • 67 11  -  -Compiled by! Poo-Cheong Wai Ming [SINGAPORE] The People's Bank of China (PBOC) has selected Schlumberger to provide training and equipment to establish the Certification Centre for China's new nation-wide smart payment card project. The centre will be responsible for testing and certifying the cards and
        67 words
    • 269 11 Reuters [NEW DELHI] Small Indian businesses have been slow to tackle the Millennium Bug problem in computers and bigger companies must shake them awake in their own interests, leading experts said. "If your supplier has a Y2K (Year 2000) problem, then you
      Reuters  -  269 words
    • 574 11  -  It is setting up a $20m R&D centre in India and beefing np S'pore R&D By. Raju Chellam [SINGAPORE] Quark Inc, well-known for its publishing software for the Macintosh platform, expects to double its growth in Singapore and Malaysia in the next two years,
      CHRIS LOH  -  574 words
    • 369 11 Reuters [BEIJING] US computer maker Dell Computer Corp is launching its popular direct sales strategy in China, training its sights on an explosive market that will fuel its growth in Asia, company executives said last week. Chinese in nine major cities could now
      Reuters  -  369 words
    • 447 11  -  It promises to reduce time taken from the design to the manufacturing stage By Poo-Cheong Wai Ming [SINGAPORE] There's a new IT service in the market that promises to help engineering companies significantly reduce the time taken from designing a product to manufacturing it. Introduced
      447 words
    • 414 12  -  Singapore, Hongkong, Korean and Taiwan institutions have been aggressive on this front By' Toh Han Shih [SINGAPORE] In the financial industry, banks in particular, the Asia-Pacific is leading the world in one-to-one services, using innovative technologies like the Internet and data warehousing,
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    • 90 12 Bloomberg [DULLES, Virginia] Households with an Internet connection watch 15 per cent less television than households that don't have access to the Web, according to a Nielsen Media Research study for America Online Inc. The study, based on data from 5,000 homes,
      Bloomberg  -  90 words
    • 62 12 [SINGAPORE] PC software company Adobe systems has announced the appointment of Jesse Young to the newly created position of managing director for Asia. Based in Adobe's regional office in Singapore, Mr Young will be responsible for Adobe's business, including sales, marketing and operations in over
      62 words
    • 582 12  -  SAT IT! By Lee Eng Thay The author is director of enterprise standard solutions and strategic alliances, Compaq Computer Asia/ Pacific Despite the pride of place that electronic commerce holds within the IT community, there does not appear to be
      582 words
    • 288 12 Bloomberg [NASHVILLE, Tennessee] Columbia/HCA Healthcare Corp. America's biggest hospital company, said it expects to spend at least US$75 million (Ssl2B million) to fix computer systems and other devices that could bog down with year 2000 problems. Columbia said it has already
      Bloomberg  -  288 words
    • 976 13  -  Sun Microsystems preaches that the network is the computer, and it's applying the dictum in its own multi-billion dollar organisation, Sun's No 2 Ed Zander tells KEMMETO JAMES KENNETH JAMES IT'S A little before 9 am on Tuesday, Aug 18, and Sun Microsystems Inc chief
      SIEW YAW HOONG  -  976 words
    • ON THE SHELF
      • 82 13 SINGAPORE-BASED IntreSource Systems Pte Ltd has launched TeraMovie DVD (above) as a PC-based home theatre DVD. PC users need to have DVD-ROM and a sound card on their PC to use TeraMovie DVD. The $169 solution supports NTSC and PAL formats, and offers PC users superior
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      • 90 13 GATEWAY Inc has cut end-user prices on its range of Pentium II Solo notebooks and G-Series desktop systems. Price cuts on the notebooks range from 2to 11.2 per cent, and on desktops from 3.7 to 7 per cent. The Solo 2500 LS is now
        90 words
      • 57 13 3M CORP is ready with Asian language versions of 3M Meeting Network, an online resource guide to running more efficient meetings. It is free, and provides Asian professionals information, products and services related to meeting management, in simplified and traditional Chinese, Japanese and Korean. The
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      • 65 13 SYMANTEC Corp has announced Norton System Center (NSC), which offers network administrators flexible software administration and maintenance. NSC supports Norton Antivirus (NAV), and is the first anti-virus administration solution integrated into the console framework provided by the Microsoft Management Console (MMC) version 1.0. NSC will
        65 words
      • 73 13 IN FOCUS Systems has launched LP 425, a 3 kg, 700 lumens projector that it claims "is the industry's lightest, brightest and most reliable projector available today". The $7,995 product is a native SVGA data/video projector that can seamlessly handle resolutions from VGA to
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      • 109 13  -  Compiled by: Raju Cheliam APPLE Computer South Asia has announced speed enhancements, lower prices and new features for its Power Mac G3 line and on the Apple Studio Display, a flat-panel active matrix LCD. The G3 line now starts at $2,697, with a 333 MHz
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    • 628 13 Improved, faster Celeron chip targeted at the low-cost PC market Reuters [SAN FRANCISCO] Intel Corp steps up its battle with rivals Advanced Micro Devices Inc and National Semiconductor Corp's Cyrix today when it launches an improved, faster Celeron chip for the low-cost personal computer market.
      Reuters  -  628 words
    • 245 13 [SINGAPORE] HewlettPackard (HP) has launched a new internal CD-rewritable (CD-RW) drive, available from the end of the month. The CD-Writer Plus 8100 i reads data at up to 24 times transfer speed and writes at up to four times transfer speed. The drive contains
      ARTHUR LEE; SIEW YAW HOONG  -  245 words
  • Page 10 Advertisements
    • 97 10 Advertising in Turbulent Times Are you qettinqthe DETAPU KtALn JO as promised? SHIPPING!,MES 6UARANTEES "48,000 daily circulation! In Singapore, when you want to reach out to a select target audience in ECE only one daily offers you the advantage of maximum reach at minimum cost. And that's Shipping Times. For
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    • 119 10 An Inaugural Leadership Event For Asia's Top Management (NTER NE T BUSINESS KCYNOTES E Q Leveraging the Net with Y P f| A Personalisation Features |f v li\ 1 \J X is Mar| datory f° r the Success of 1:1 Relationships explore the world of -J Implications of a New
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    • 7 10 Walking the talk at Sun, Page 13
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  • Page 11 Advertisements
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    • 159 11 r_yfom $14 to $45. At Le Meridien \mir seminar on Orchard Horn! jgtves \<>u thrci• distinct mini hirst, I e Mead ten s location is an ideal Inis/m ss address. \ext. we fminfier \ou iritfi f>cisoniil/st'd attention from om liaiu/n et and onference oonhmtloi. humify, the attxn tive fnit i
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  • Page 12 Advertisements
    • 60 12 IV 1 m V m I INFI N I U M I I 4HfiP* I Introducing Inf inium® e-business. Your BUSINESS is about to be supercharged. At Infinium, we speak e-business. /S) For more information and a free copy of our e-business INFINIUM White paper, contact CathrynYeon at (65) 778
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  • Page 13 Advertisements
    • 264 13 I Waiting till 1999 1 I may be too late! I Ma n y 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 pay roll package, it is time
      264 words

  • EXECUTIVE LIFESTYLE
    • 967 14  -  jamet mact.tn finds her words taken out of context in the mania of movie promotion JANET MASLIN NYT I HOPE there's some distinction to looking like the biggest fool in the world of film. Because I had that honour in a recent advertisement for the
      NYT  -  967 words
    • 484 14  -  MUSIC SSO musicians need more exposure to give them confidence By\ David Chow [SINGAPORE] At last Friday's Singapore Symphony Orchestra concert, guest conductor Chen Zuo Huang reinforced the growing presence of prominent Asian conductors in the international scene, while soloist Jin Li
      484 words
  • Page 14 Advertisements
    • 71 14 CONTACT TIMS IHSTBDMfIfTS IF YOB MANOEACTORE ANY OF THESE PRODUCTS: •Smell appliances including ricn cnnkere end clntbee Irene •large npplinncne including eir conditioning end refrigeretere Circuit breekere of ell eizee •Coexial cable for CATV or celleler uses Texas Instruments manufactures various clad-metal systems for these products. You can learn more
      71 words
    • 32 14 l^K Any Destination, I Any Time. Sailing schedules to the Americas more. 2 4 hours a day in the Shipping Guide Fax-On-Dcin and hotline 740 6000. Another innovative service offered In SHIITIM.iIMKS
      32 words
  • Page 14 Miscellaneous
    • 106 14 THE WEATHER Singapore Partly cloudy. Temperature (24/28 C) tHKd**" 0 IT**" ,Ml <*»r SMMm 11/16 rair ft I 19/30 hir Europe LoTB* iw **2L' dM WHT Good. SET *2 y*" l 22*4 dm Items Aina VtQ doodv B ss*" Jmj <*■<• a** w* mwrrs Herta Oft I storms Dallas &N
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  • Page 15 Advertisements
    • 235 15 Where to wine, dine and entertain..."^ wQHBg hvcty Monday is Senior Citizen's Day at tile ANA Hotel. Anyone 60 and alow can enjoy buffet unclica and Jinnc» at tlie Cafd-in-ll»e-R»rt, or leppanyabi at tlie Untai Japanese Restaurant, at 50% off. Iking someone you love, lite a nice filial son, perhaps,
      235 words
    • 390 15 l f I. 1 Mat )h Inw? I rtt4 il it Cats' Mews/ tlh 1?% thii wiktid. J I CATS. CATE Di gawked) LtVELI /7/IiWV Daily A La-Carte menu. Western and local Jf y ~p) favourites chef s V. Mai yjf speciality top selling f m -j£=l Hainanese Chicken Rice
      390 words
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  • Page 15 Miscellaneous
    • 741 15 TV&RADIO Premiere 12 7.00 News 5At Seven. 5.35 Snow White. OM HMO7-30 Sabrina The Teenage 6.00 See Tuesday's Sched- 111 2-99 PM Response TV. Witch Disney World. ules. TV Innovations. Sabrina zaps the whole '■gr Sesame Street. school to Disneyworld Prt»el2 5.00 Sports Illustrated For for a class trip while
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    • 168 15 CRYPTIC CROSSWORD 30 Why go 31 Does one need a keen sense of 14 Reduce size of descending SATURDAY'S solution balance on it? (5-4) notes (5,4) irTT~T~n~i DOWN 15 One with Kay getting into the IcM i Mp|firrM^^7^luiy§j 2 A spring flourish (6) top sail (9) pmLMEfuL^^BimEn^Di 3 Main board
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    • 394 16 The Business Times, Monday, August 24 I AT 9.00 AM ON SUNDAY 13 SEPTEMBER, A VERY SPECIAL MEGATOP 747 WILL TAKE OFF FROM CHANGI AIRPORT ON AN HISTORIC, ROUND-THE-WORLD FLIGHT YOU CAN BE A PART OF IT. innigh^L'iretrorr^ruL^ara^u'" B2 0 AiflineS haS PrOVided 3 Standard f statio e Uß ,SE
      394 words

  • COMPANIES & MARKETS
    • 676 17  -  And trading in the only exception, Mid-Continent, has been suspended By\ David Boey [SINGAPORE] The 13 initial public offers (IPOs) launched this year have been badly mauled by the market's bearish sentiment with only one of these market debutants, Mid-Continent Equipment, still holding
      676 words
    • 748 17  - What shock therapy for ailing Malaysia MARKET MATTHU Dr M will have to tread carefully in trying to revive economy By Eddie Toh MALAYSIAN Prime Minister Mahathir Mohamad has a tough patient. He is trying to cure the ailing Malaysian economy with unorthodox measures to avoid going to the International
      748 words
    • REGIONAL COMPANIES
      • 288 18 Govt now holds 65% stake in the company involved in M'sia's MSC project AFP [KUALA LUMPUR] The Malaysian government has injected 192.5 million Malaysian ringgit (5580.3 million) into troubled property developer Cyberjaya Sdn Bhd, reports said yesterday. Finance Minister Anwar Ibrahim said the
        AFP  -  288 words
      • 521 18 Analysts see a 26% fall to HKs349m on plunging HE profits Reuters [HONGKONG] Hotelier Shan-gri-La Asia Ltd is expected to post a sharp drop in its firsthalf 1998 results tomorrow, driven by plunging profits in its Hongkong hotel properties, analysts said. Analysts
        Reuters; FILE PHOTO  -  521 words
      • 217 18 AFP [MANILA] San Miguel Corp's divestment of its joint venture with Nestle SA of Switzerland includes a pact for both firms not to compete with each other on certain product lines, a Nestle official said here yesterday. Juan Santos, president of Nestle Philippines
        AFP  -  217 words
      • 536 18 8 research houses forecast average net profit of RM577m Reuters [KUALA LUMPUR) Malaysia's biggest bank, Malayan Banking Bhd (Maybank), is expected to report a 56 per cent drop in its net profit for the 1997/98 financial year due to an increase in
        Reuters  -  536 words
      • 145 18 AFP [SINGAPORE] The Stock Exchange of Singapore (SES) said it completed a successful test run of its trading system yesterday, simulating the first day of business in 2000. Trading computers were set to believe it was Jan 3, 2000, the first trading day of
        AFP  -  145 words
      • 194 18  -  Wong Wei Kong [SINGAPORE] Benefun International Holdings, a Hongkong company with a secondary listing in Singapore, is making a HK$lO million (552.27 million) convertible note issue to a Singapore investor. The notes carry an interest rate of prime minus one per cent per
        194 words
      • 54 18 REGARDING our Aug 20 report "ST Aero ties up with Taiwan's AIDC", we wish to clarify that Singapore Technologies Aerospace (ST Aero) did not provide the information on the reported tie-up with Aerospace Industrial Development Corporation (AIDC). The two quotes in the report were also not related
        54 words
    • INTERNATIONAL COMPANIES
      • 622 19 Major groups slash profit forecasts, analysts warn of more bad news Reuters [TAIPEI] Asia's financial w6es have begun to bite into Taiwan's economy and corporate earnings, with dozens of Taiwan companies slashing their profit forecasts for 1998 and analysts warning more bad
        Reuters  -  622 words
      • 56 19 [TOKYO] A woman about to eat a boxed lunch yesterday showing "Hello Kitty", a popular character from creator Japan's Sanrio Co Ltd. A Japanese restaurant recently started selling 1,000 boxes of the '•Hello Kitty Travel Lunch per day at Sendai Station of East Japan Railway,
        AFP  -  56 words
      • 163 19 Move revives talk the Swedish firm will move its HQ abroad AFP [STOCKHOLM] Swedish telecommunications giant Ericsson has bought a property in central London to which it will move part of its UK operations, the company said on Friday, reviving longstanding speculation that it
        AFP  -  163 words
      • 190 19 Bloomberg [SACRAMENTO, California] Paradise Holdings Inc, a bakery chain, said it filed for Chapter 11 bankruptcy status after AFC Enterprises Inc, the world's No 2 fast-food chicken restaurant operator, pulled out of an offer to buy it. Sacramento, Californiabased Paradise also said it has agreed
        Bloomberg  -  190 words
      • 297 19 Reuters [HARRISBURG, Pennsylvania] AMP Inc, a maker of electrical connection devices, said on Thursday it rejected a hostile US$lO billion (5517.6 billion) takeover offer from industrial manufacturer Allied Signal Inc. AMP said Allied Signal's U5544.50 per share cash bid was inadequate and did
        Reuters  -  297 words
      • 484 19 Ford seeks to expand in Agiaj Ramgnng needs Kia to survive Reuters (SEOULJ US car giant Ford Motor Co and South Korea's Samsung Motors Inc appeared better positioned to win the international tender for aUing Kia Motors and sister firm Asia
        Reuters; FILE PHOTO  -  484 words
    • FINANCE & COMMODITIES
      • 575 21 World Bank, French govt agency, Denmark capitalise on Japanese appetite for euro issues Reuters [LONDON) Japanese appetite for euros has sparked a flurry of sovereign and supranational bond issues in recent days aimed specifically at investors from Japan. The World Bank, Denmark
        Reuters  -  575 words
      • 333 21 Meanwhile, Alex Brown is sacking a dozen equity analysts to make room for others Bloomberg [NEW YORK] Citicorp, the United States' second-largest bank, has fired 50 of the 150 people on its fixed income staff in anticipation of its US$6l.4 billion (SsloB billion) merger
        Bloomberg  -  333 words
      • 209 21 Reuters [LONDON] Underwriting company LIMIT pic on Friday offered to buy all the outstanding underwriting capacity on its Janson Green and Bankside insurance syndicates in the Lloyd's of London market. Capacity is the amount of business Lloyd's can write in premium income.
        Reuters  -  209 words
      • 386 21 Reuters [LONDON) A row has developed over the future of regulation of the UK insurance industry. A trade body for insurance brokers forming part of a consortium which wants to take over the role of regulating the selling of general insurance in the UK
        Reuters  -  386 words
      • Article, Illustration
        1620 21 PRIME LEMPnrOEATBS As on Aug 21 Mffil ABN Amre Bank NV tv* MUMLMM •>/« AN2 Banking Gronp AJBed trtsli Bank PIC 7 V* American Express Bank 8'A Arab Banking Corp BVfc VabBankPIC 7* AsaMBMkLM_ |vt Ban Mn Lee Bank BM 8* Banca Commarciate Rattana 7% Banca Naiionaie Del Lavoro Banco
        1,620 words
      • 546 22 SIM lilii Weeklyßoundup [SINGAPORE] The cutting back of excessive Japanese yen shorts dominated forex trade last week on the back of threats of intensified intervention by Japanese Ministry of Finance officials. As a result, US$ yen retreated to 141, the level which marked
        Source: Simex  -  546 words
      • 822 22 COMMODiiy Weeklyßoundup AFP [LONDON] The commodities markets rose and fell on the fortunes of currency movements last week, encouraged by the recovery of the Japanese yen but weakened by worries over the devaluation of the Russian rouble. The yen's advance against
        AFP; Source: Bloomberg  -  822 words
    • 1766 22 SICOM FUTURES Aug 21 RUBBER (futures dosing *s it SJOpm) RSS 1COMTRACT(S cwtsAg) Close Volume Open M<Klth «»Qh Low Sett (tonnes) Interest S5 22 ,n 75 490 98 MOO 112.25 112.75 350 1515 Jov 98 '13.25 1450 oo "4.00 1850 Jan/Mar 99 moo 2025 Apj-AtonW ,21.25 1950 MSep
      1,766 words
    • 4211 23 Nat Mm EPS MMyw Bank* May 14 I 152.500 18.600 133 163 Oat* TY IV TY LV Malaysian Rll" May 29 I 43.938L 65.609 5.0L 12.0 Company ann (Sm) ($m> <ct*) (eta) Metro Wdgs Jun 26 P 3.318L 11.895 3.2L 11.3 -1 M'tia Mining* Apr 30
      4,211 words
    • MARKET REVIEWS
      • 287 24 HONGKONG AFP HONGKONG stocks are expected to run into volatile trade in the days ahead after rising 4.2 per cent over the week to Friday on heavy government intervention. The key Hang Seng Index ended Friday with the week's only significant fall, shedding
        AFP  -  287 words
      • 547 24 NEWYORK Investors are concerned about a global financial meltdown and a drop in US bank earnings Bloomberg THE Dow Jones Industrial Average hovered 9 per cent below its July record last week, and many professional investors fret that stocks are headed lower. "This qualifies
        Bloomberg; REUTERS  -  547 words
      • 444 24 LONDON AFP THE London stock market went through turmoil last week, rocketing up 3.31 per cent on Tuesday, only to crash back massively on Friday on international political and financial worries. The FT-SE 100 Index of leading shares rose a mere 22
        AFP  -  444 words
      • 300 24 TOKYO AFP JAPANESE share prices are likely to put on steady gains in the coming week, riding on the back of the yen's latest recovery against the US dollar, analysts said on Friday. "Tokyo stocks are going to climb steadily given
        AFP  -  300 words
      • 844 24 71 Sydney +66.0 AUSTRALIA'S share market faces turbulence in the days ahead after posting healthy gains in the week to Friday, analysts said. "Equity markets remain very cautious and there's a number of factors on any given day that influence proceedings," said Shaw Stockbroking's Jamie Spiteri. "They
        844 words
      • 1784 24 QParis -SL23 FRENCH stocks are expected to fall in coming days on concern spreading financial turmoil in emerging markets will hurt companies' profits. The benchmark CAC 40 Index fell 143.81 points, or 3.52 per cent, to 3,943.68 on Friday. For the week, the index is down 51.23
        1,784 words
    • KUALA LUMPUR STOCK MARKET
      • 8488 25 INDUSTRIALS Commwr products t»M Last Vol Weak Net Cap Hlpfc Law Camp any m •OOP wo. L— PH 3K> 170 Ajinomoto 190 18 6 190 172 10.5 77.0 148 38.5 Angkasa 40 2.5 123 48 37 0.9 59.0 290 123 Apollo Food Hlg 129 -1 12 139 129 4.5 51.6
        8,488 words
      • 439 25 AFP CI Composite Index -3J2 MALAYSIAN stocks, which enjoyed two days of rally amid foreign buying, are expected to trade cautiously with downward bias in the coming days after slipping 1.2 per cent in the week to Friday. "The bourse will trade weaker. Investors
        AFP  -  439 words
    • WARRANTS & OPTIONS
      • 3233 26 BONOS, LOANS ft WARRANTS m 1998 Last Vol *eek Last Oust* Avq High Low Stno Company Sot* «f- COOO) High Low Buyor Seller Price 23.5 8 m 3000 m AMOB c5.S%0202t6 10.5 *2 1 10.5 ».5 7.5 10.5 20.5 3 3160 "Acor ******1 US$ 4 7 4 4 2 4.5
        3,233 words
      • 183 26  -  WARRANT WATCH Ry R Sivanithy THE decision to trade warrants depends on an individual's risk preferences. Similarly, whether to go for an in-the-money or an out-of-the-money warrant depends on how much risk one is prepared to bear. Take the warrant issued by Malaysian
        183 words
    • 2068 26 Week ended Aug 21 MALAYSIAN STOCKS Utah'"*!.- r 1"**' Vo4 w—k Last Ouot* Olv Dtv YM N«t M Cm mqli l—' Stno Company Sal. COOOI High Low Buytf Mj> C'vr, P/C $m» 135 28 ms 5000 AISB50C 54 *24.5 7659 74 29 53.5 54 5 0 3 3
      2,068 words
    • 5664 27 1998 Last Vol Woo* Last Ouot* Mv Mv YM Nat Cap Avg High Law StNo Company Sata COOP) Hlgft La» Buyar »««ar H C'vr P/E $mil Prtea MOUSTMALS 43 It.5 1020 ACE Dynamic 12Oc. 12 unch 307 13 12 11.5 13 0.1 16.5 0.2
      5,664 words
    • 1220 27 StM* Citom, i2? rriJi, L 1 °if!« <** M> nl IM Cap Ay. C——Wr mi COOP) H» La* Bayar lakr Cvr p/t Sn* Prlea 134 50 a 2000 ABRHIdqsSc 77.5 -I 51 79 70 75 77.5 37 8 79 243 42 a 2049 AS Auto 10c 49.5 *5 442
      1,220 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        376 28 Source: Deutsche Morgan Grenfell Research Source: JM Sassoon Stedu V«4wm •M« Capital Ml,057,000 *M Resources 100.559,000 tits Foreign 59.216,000 •Reoong BM 50c 50,629,000 •Mtf HMgs50c 50,380,000 •North Borneo 45.721,000 •Refcapacific Mi 43,676.000 •RHBCap Wt99 40,277,000 1MB Cap BM 36,958,000 *Pm6 t Foreign 34,003,000 Mwto MS Foreign 441,578,948 U0B Foreign 87,606,058
        Source: Deutsche Morgan Grenfell Research; Source: JM Sassoon  -  376 words
      • Article, Illustration
        68 28  -  by Shiv Taneja CLOB-listed Land General closed last Friday one and a half cents lower at 11.5 cents on a volume of 4.3 million shares, compared with its 10-day traded average of 3.06 million shares The counter is oversold, according to the daily and weekly RSI and Stochastics.
        68 words
      • 641 28  -  TUUWHHXAHBAD Much depends on how ELSE performs, external factors expected to play much greater role By R Sivanithy [SINGAPORE] Investors expecting the worst at the start of last week were in for a surprise when the market showed it still has
        641 words
  • Page 17 Advertisements
    • 417 17 SHOW ME THE MONEY! What the future holds for Internet players in Asia V Trends and figures show that the Internet Christopher Teo, Managing Director of wiN grow at a tremendous pace m the Asia- Cybersoft, Leong Shin Loong, CEO of Pacific region in the next five years. Sing Net
      417 words
    • 5 17 ÜB3? UU H Venue mUm
      5 words
    • 232 17 T 1 I.' ».V> < Celebrating the Ist Anniversary. *t> Easy access to the fixed income market for Singapore Dollar investors. DB Lion Bond Fund. The average yield of the fund's assets was 7.2% p.a.* as of August 6, 1998. Singapore Dollar denominated bond fund Portfolio focusing on quality investments
      232 words

  • Page 18 Advertisements
    • 254 18 (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Pacific Century Regional Developments Limited ("PCRD" or the "Company") wishes to announce that it has issued a Circular to Stockholders relating to the unconditional cash offer (the "Offer") that was announced on 24 July 1998 by The Development Bank of
      254 words
    • 48 18 The grass is always greener on the other side. With so many choice properties for sale in The Straits Times Classified daily, it's no wonder our readers are tempted to seek greener pastures. Advertise in the Properties section (Classifications 402 to 568). CaU C.A.T.S. at 1800-737-1166. I CATS
      48 words
    • 38 18 BUY.* SELL* FIND^ Classified ads put home-seekers on solid ground. No matter what it is, you can always buy it, sell it or find it with the Classified T0 t l FEE 1800-737-1166 Coll Today For Results Tomorrow.
      38 words

  • Page 19 Advertisements
    • 61 19 Online, Multi-Currency, Ready to Use, Packaged Accounting Software 1 Sales Orders 0 Delivery Orders I 0 Sales Invoicing 0 General Ledger Vv** Jf 0 Accounts Receivable 0 Purchase Orders Ktj 0 Graphs Ratios 0 Accounts Payables BSS SOFTWARES (S) PTE LTD *05-20 Afro Asia Btdg, 63 Robinson Road. Singapore *****4
      61 words
    • 88 19 ■i HBS J SUBSCRIBE I I SOUND I I MONETARY I I POLICY. I I REVIEW I SB In these volatile times, a subscription to the Far Eastern Economic Review is a !PM capital idea. Now more than ever, you need the unmatched analysis and accuracy of £pp| the Review.
      88 words

  • Page 20 Advertisements
    • 219 20 The Millennium How DO I TAKE ACTION? There are a few ways you can get started to prepare for the Year 2000. 1) You can get more information about the Year 2000 (Y2K) problem and its issues from the NCB Y2K website at www.ncb.gov.sg/ncb/yr2ooo. Or pick up a copy of
      219 words

  • Page 21 Advertisements
    • 135 21 □age £?oS>°r2l, a er Service Voided. For a FREE copy of our 100 p ge colour brochure or to arrange a complimentary consultation contact: Mrs Diana Bean, General Manager Or Ms Florence Nathan, Manager OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE LTD 26-04 CLIFFORD CENTRE, 24 RAFFLES PLACE. SINGAPORE *****1 E-mail:
      135 words


  • Page 23 Advertisements
    • 113 23 A\ W --r u\J T A 1 If —li II \x^!f r I 7 n I I —H ——J I) U"JL— z= II ill /I "i"nl"\x f > 1 1 I n I I I i M ii\ I 11 > 11 ii 111 /lf\ —1 11\ I I i
      113 words
    • 58 23 II H I P Cairo or Congo. i 1 I m Sailing schedules to The African Continent. 24 hours a day in the Shipping Guide Fax-On- De ni and hotline 740 6000. Anot he r i n nova t i v e ser v i c e offer e d
      58 words



  • Page 26 Advertisements

  • Page 27 Advertisements
    • 74 27 calling about j See...l j The card we're^\ f the computer I you this was a making for Susan j V a^ ert i se 4,' n good deal. J Yup, we got what\ V is going to be e j t u as we wanted because N. real nice!
      74 words

  • Page 28 Advertisements
    • 473 28 BUSINESS olives M l MB I I I I i M. a Kl R 9m il j W B a :i D| DM 1 ■T7!TI IN THE MATTER OF COMPANIES ACT (CAP 50) AND IN THE MATTER OF JALY INDUSTRIES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN
      473 words
    • 507 28 ASIA EAGLE (HOLDMG) PTE LTD (In Member*" Vokrtaiy Liquidation) HNM.MEETMQ Nofcs hereby gfean pursuant to Section 308(1) d the Companies Act, Cap. 50 »iat a final Meeting of Members of the abovenamed Company wi be held at Mk 166 Menh Central #06-3667 Singapore *****5 on M(h Saplendjef 1986 at IQ.OQam
      507 words
    • 567 28 MOTOR SHIP OR VESSEL "TONG HO" (Admiralty in Rem No. 418 of 1998) PARTICULARS OF VESSEL Name of Vessel "TONG HO" Port of Registry SINGAPORE Type 9 hatch/5 holds cellular container cargo vessel with cargo holds forward and navigation, accommodation and machinery spaces all located aft. Dimensions 109.35mLx18.50m8x8.60mD Tonnage 4,692
      567 words
    • 316 28 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 and IN THE MATTER OF SIN THOR INVESTMENT PTE LTD (In Members' Voluntary Winding-up) Al an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at SI Anson Road. *02-59 Anson Centre. Singapore *****4. on Monday.
      316 words
    • 484 28 IN THE MATTER OF THE COMPANIES ACT, CAR 59 AND IN THE MATTER OF NIUON YAMANI TRADING PTH LTD (fc"i in Al in Extraardlnery Genem Hwang of Ike mtntm of NnOOMVMMNI TRADING PTE LTD, duly convened Md Md it tottery Moid #04-01 Strain Trading Building. Sofipori OOtlo M 17* doy
      484 words
    • 249 28 Buy It. Sell It. Find l{ Today For Results Tomorrow MM 737-1 M IDEA is a world leader in macroeconomic analysis and research covering foreign exchange, fixed income if and emerging markets. With offices in Singapore, London and New York, the IDEA group provides independent, in-depth and prompt economic research
      249 words

  • SHIPPING TIMES
    • Article, Illustration
      281 29 ALTHOUGH the market continues to stagnate during the holiday period, there is at least one interesting dry bulk deal to comment on. A modern handy is said to be sold, either the Tamarita or Fermita (41,000/95), with most sources indicating it to be the Tamarita. The price is
      Contributed by Simpson Spence & Young  -  281 words
    • 257 29 IS <01 CWT Distribution 0.275 -0.005 16 ChuanHup 0.385 -007 752 Cosco ln»attmont 0.445 -0.005 3 FrotghtUnlM 0.125 -0.005 KM G8 Holdings 0.2 -0.005 22 Hoi Sun Hup 0J9 -0.065 879 Hitachi 2osan 0.54 0.02 119 IMC HoMngi HK 5.6 Jay* Holdings —0.365 Jurona Shipyard 7.9 unch 46
      257 words
    • 463 29 Concerns over sanctions as US body probes Chinese maritime practices AFP [BEIJING] China yesterday called for negotiations to avoid a shipping dispute with the United States that could erupt into a damaging exchange of sanctions. Washington's Federal Maritime Commission recently launched
      AFP  -  463 words
    • 97 29 [WILHELMSHA VEN, Germany] Several of the 31 crew members ofcruise liner Odessa Sky in front of the ship in Wilhelmshaven last Thursday. For two years now, the Odessa Sky lays chained in the harbour of the northern German town. After the compulsory auction of
      AFP  -  97 words
    • 793 29  -  LINER SCENE By. David Hughes IS it worth staying in container shipping? Anglo-Dutch container shipping giant P&O Nedlloyd Container Line announced its quarterly results last week. It made a profit of US$22 million (5538.7 million) in the second quarter of this year, down
      793 words
    • 414 29 [SINGAPORE] Another new port is to begin operations in Gujerat under the Indian state's port development programme which will make it the gateway to the fast developing land-locked north-west-ern region of the subcontinent. The port, being built jointly by the state
      414 words
    • 223 29  -  Recognition for management maintenance of port equipment By\ Felix Chan [SINGAPORE] PSA Corp's three container terminals has achieved the ISO 9002 certification for the management and maintenance of port equipment by the Construction Industry Development Board (CIDB). In a statement, PSA said the certification
      223 words
    • 230 29 [SINGAPORE] Jurong Marine Services has been awarded a 30-year licence for the provision of towage services following a liberalisation plan announced last year. Having received the public licence issued by the Maritime and Port Authority of Singapore (MPA) on Friday, Jurong
      230 words
    • 1056 30  -  XK-FUOHT ENTERTAINMENT Airlines are spending millions for the latest in-flight systems which are not always reliable in order to keep up By'. Laurence Zuckerman NYT [NEW YORK] JON FJALSTAD recently boarded a Cathay Pacific Airways 747 for the 12-hour flight from Hongkong to Vancouver, British
      NYT; FILE PHOTO  -  1,056 words
    • 345 30 PACE ESP Lines 14 AMI 3 Evergreen 6 Accord 8 ExpressTI M Ahreokiei 14 FoongSun 8 Appenship 5 Frota 15 Astro 3 Frt Links 16 Austral 9 G Link 4 Avant 16 C«Mftr«ns 8 BakkeShpg 14 c nsh M 9 B'tang Mas 8 Gtorv 16 8SA 7
      345 words
    • 18095 38 THEBUSINESSTIMES EXPORT ETA CTA Advertiser VtuK Voyage Telephone I ETA ETA Advertiser Vassal Voyage TelepOone SIN Onr* Nam* Nam* NmwBm Number I SIN Desfn Name Name Number Number ■■■HMMHHaHaMHaMHHHHMRaHHMMaHnHBI I MMMMMHMHMMMMMaHHHMHHMMMMMaMMHBMHMMMaiMH I 26/06 21/M Norsul CSAV SINGAPORE 007S 45-*****77 A I 24/00 21/M Yang Ming CONTIJORK CJW3S 45-*****10
      18,095 words
    • SHIPS IN PORT
      • 660 45 Voy No Berth Arrival Departure Jvaae Nrt 8t Mart 2929 *****8 JOI alonqsx)« 20.09/2100 Bt Mm M S7 *****8 JOI ilonqsK* 20.09/2330 Bt Mwstika J *****8 JOI alongside 20.09/1800 Bt SaW AUG20 JOI ilongskfc 20.09/2359 Bt Sur *****8 JOI alongside 21.09/0130 Bt Suriati 4 &A0898 JOI alongside 21.09/0030
        660 words
      • 1660 45 RECEIVING Of EXPORT FCl CONTAINERS AND LCI Boofclnq/BtUnct RjtU J, Ship Voy No Etb/Btr PtrkxJ From To From ka mac* 0150 25/1000 M 23/1500 23/1659 23/1*00 23/1500 23/1459 2W900 wy» vSS* "£00 2VOM* 2V090C 24/0700 24/1159 JvKoo 4 24/1200 24/1459 355 a/0400 M 23/1500 23/1659 21/1*00 1 f.
        1,660 words
      • 187 45 Ao| 3L Luxembourg: Luxembourg City Kermesse. Malaysia: National Day. United Kingdom: Summer Bank Holiday. Bep7 Canada: Labour Day. Hong Kong: Day following Midautumn Festival. United States: Labour Day. Sep IB Japan: Respect of the Aged Day. Sep 16 Mexico: Independence Day. Sep 23 Japan: Autumnal Equinox Day. Sep
        187 words
      • 680 45 THIS report, compiled by Cockett Marina Oil Lid. prZeir market Prlcea shown are baaed on aversg elssdsteni Market movements are Indicated The Cockatt Bunker Price Index chance and the individual chsnjsi In the column# are baaed on the previous report All Indlcee are baaed 1000 on
        680 words
      • 391 45 Cartta 180 Mu 992.0 0J 19.9 0.09 72 0.05 At* 20 Comity Itator RmMm Am AImMm SoOimom No o6om £25 2 0 1 0 0 0 «H* MO 9<7J 0J 15.5 0.08 Jl 0.03 In 380 Mil 992 J 0.9 19.2 0.11 m 0it M*ri »M/M
        391 words
    • AIR & LAND TRANSPORT NEWS
      • 359 46 Airline strikes upbeat note, barring any downturn in Aussie economy Reuters [SYDNEY] Qantas Airways said yesterday it believed a good performance in the domestic market was sustainable, barring a serious downturn in the domestic economy. "We believe it is (sustainable), unless there is some
        Reuters; FILE PHOTO  -  359 words
      • 312 46 Reuters [TORONTO] Canadian National Railway Co (CN), North America's sixth largest railway company, reached an interim contract deal with the union representing thousands of repair shop, intermodal and clerical workers last Saturday, the railway said. The 6,500 workers had been without a contract since
        Reuters  -  312 words
      • 438 46 Bloomberg [TOKYO] International Lease Finance Corp (ILFC), a jetleasing subsidiary of American International Group Inc, said it has invested US$l6O billion (*****.4 billion) in new aircraft to lease to Skymark Airlines Co, a Japanese discount carrier set to start operating next month. "We
        Bloomberg  -  438 words
      • 232 46 Reuters [HONGKONG] Wharf (Holdings) Ltd said that it did not expect the air cargo problems which marred the opening of Hongkong's new airport to have a big impact on the company. The conglomerate owns a 12.5 per cent stake in
        Reuters; FILE PHOTO  -  232 words
      • 213 46 System blackout caused havoc for 37 minutes: report [BOSTON] The computer system serving air traffic in New England and New York blacked out for 37 minutes last Wednesday night causing havoc from the Canadian border to Long Island, the Boston Globe reported
        213 words
      • 191 46 Reuters {DHAKA] Biman Bangladesh Airlines, under pressure from exporters, is seeking more partners to expand its air freight services following a successful tie-up with Korean airlines, Biman officials said. "We are talking with a number of airlines including the British Airways and Emirates, exploring the
        Reuters  -  191 words
      • LOG Book
        • 129 46 AFX-Asia [NEW DELHI] Maruti Udyog Ltd, a joint venture between the government and Japan's Suzuki Motor Corp, said it is set to launch nationwide a diesel version of its popular 1,000 cc Zen model soon. A company spokesman confirmed the planned launching but did
          AFX-Asia  -  129 words
        • 57 46 AFX-Asia [HONGKONG] Cathay Pacific Airways Ltd said it has suspended its scheduled flights between Hongkong and Sapporo, with the last flight operating on Oct 22, due to commercial considerations. "We remain fully committed to the Japanese market and will look to expand again when conditions improve,"
          AFX-Asia  -  57 words
        • 128 46 AFX-Asia [MANILA] Philippine Airlines (PAL) has obtained provisional approval from the regulatory authorities to raise its domestic passenger fares and cargo rates by 25-35 per cent, Civil Aeronautics Board (CAB) executive director Guia Martinez said. Based on its request, PAL will raise
          AFX-Asia  -  128 words
        • 82 46 AFX-Asia [BANGKOK] Thai Airways International is to conclude negotiations to lease seven new aircraft this month and will submit the leasing conditions later to its board, the Nation reported quoting an unnamed company official as saying. The Thai airline had put off receiving the
          AFX-Asia  -  82 words
      • 1707 46 on fUCHT ETA FUGHT ET» MUfe 6A7J81 1930 M7382 2055 SOW 1710 S09M MS *IL ww ro aw twtfwwc czasa axs 0352 0135 AmttrdM *1843 0450 K1838 2300 H*noi VH741 1310 VN742 0905 M2 2320 $0175 1840 S0T76 1105 S0343 0735 *"740 1410 M55 Hj» Vti
        1,707 words
  • Page 29 Advertisements
    • 16 29 Snags in in-flight entertainment Airlines are investing in systems which are not always reliable. Page 2
      16 words
    • 166 29 Qantas domestic gains sustainable CEO strikes upbeat note, barring any downturn in Aussie economy. Back Page i r I I f I J >' 1 1:! < J... «tf*f ■i. r j .'•/;> ';i. rj.; M'AMI -"»2B I 1 i I—i f I >+■ *iKiiai i yh*! JffJ| $j 'JP
      166 words

  • Page 30 Advertisements
    • 542 30 I NORTH AMERICA ZJ I EXPORT I OTHER DESTINATIONS I T.-ffe-rst",. i. is" §HP Sfi! H kTJsT l=as-|a(nl aI lIS IS? Ijj I'Bn OOP OBM It/W I w/lt u/lt u/lt 17/lt M/IO 11/1# PNX-PACIFIC NORTHWEST EXPRESS WIST COASTOF CENTRAL AMERICA (MARGARITA SERVICE w FTiS TIES —n: l"™ 1 1" Bi
      542 words
    • 80 30 SANKYU (S) PTE LTD LOOP, SINGAPORE *****3 TEL: *****40 FAX* *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01 -128 09W9 fyfcTfr JAPAW POWT v MflflaJteng *AM China lamv gggA gjjj VlitlL) m TYO ETA KQt ETA YOK ETA NOO ETA OSA NOl DIAMOND V.Wltl 23 AUG 01 SOT L ftO MEDU.OYD
      80 words
    • 512 30 jnes services represented u |m XS2ESE2r Singapore Shipping Association i 11 Jill I k I < i '1 Jsm^-3a83-aama <? ffliMia^ffWl/iVRM^/^ vessel MV. NIAGA 56 ;l ETA SIN: 26/S/9S ETA MALI: 02/9/9* FCI/BRIAKIUUC cenbulagcnt OCEAN OMIA WTERNADOMAi (S) P/l THj 271(996 FAX; *****12 MALAYSIA OFFICE OOANOiNA (MALAYSIA) SON MD I
      512 words

  • Page 31 Advertisements
    • 984 31 TO EUROPE FROM EUROPE vcsa vor amiwiHMiMvsMmißi Ivtssn vo7 htm anr hajo orv sou m ifw sm NOtPEARt 004W 24/08 10/09 12/09 IS/09 09/09 NOlAGfll 0071 31/07 01/01 04/00 29/07 W/00 MNUH 540W 27/01 19/09 14/09 17/09 14/09 NOICORAI 002( 02/01 04/01 07/01 00/00 25/00 TYME 523W 20/00 13/09 IS/09
      984 words
    • 1656 31 OHANJIN SHIPPING **//wm hap* o IOOUNG *****35 737 SAUS *****74 731 DOCUMENT *****71-774 OffUnOft *****41 757 Uimmf *****« f« www nM 1 itwmoflii ITONW USA A CANADA] AkiA A \ZZZ«n in I I s 1 1 POX I CHI 1 ny I ml OTT I MB4 I fit I OWI
      1,656 words
    • 302 31 FUHY CONTAINHIIBP PIPICATIP tUVICBf «stl W_ _SjN_ TO VOT gj KK6 KE USN PUS I KMTCHON6KONG IOSS 73/ M ?SAW IPSA M/M M/OI 01/W 03/W (H/W jSP 0 I jjsBl IIBK iiil |flsl ffS mkpusar ins a/w 04/w Oi/w «/w w/w Bfrlran* {jg IS/SI 01% Infol isffi *o*m«A IK M/M
      302 words

  • Page 32 Advertisements
    • 1388 32 DSR-SENATOR UNES TO UK/CONTINENT TO RED SEA/MEDITERRANEAN^CANAPA VtSStL I VOY SIM I LBI I HTM IMW HAM MV fU WW SW JB 6IT «H» IIC Wl KAMJIN MALTA WNB3S M 11 M 11M 14 01 IIN 1101 20 09 Wl ZAIOOUN WMUt 27 M 17 M IS M IS.N 17
      1,388 words
    • 986 32 Cwrton MM COWTH »>. cJSfiL"^ I~JV/\~ J Cff WO.HBM7HWUM SBU: (064) *****9 PB4ANG: (04) *****36 BANGKOK: (662) *****67 SLJRABAVIfttik 9oi«KO XINGANG PORT KELANC MV "KOTA HARMUNI" V.HNMBG Mv Xpß s ETA SIN: 29/08/98 ZZ/M HAIPHONG CANADA MV "VAN XUAN" V.E5198 MV "HANJIN FEUXSTOWE" V.042E ETA SIN: 29/08/98 ETA SIN: 30/08/98
      986 words
    • 476 32 LINE I S y JB Till *****56 FAXs *****12 MUARA j LABUAN ~i vnsa voy m> n* vnsa vot tit ra SFOM MUAIA SPOKi tan inova vjii/w »/oo 20/00 inosm vtn/n 30/00 Amootr vmm 31/00 os/09 tmouxr ram 31/01 04/09 tr«os« ram 03/09 04/09 iwosm vzh/m 03/09 0//09 Am dorr
      476 words

  • Page 33 Advertisements
    • 3582 33 1) JU ■J if il|d§l |J 1 1 •■■l U i 1 I Via 1 H<U ■||9JPJ|.I| Id 1. 1 I ■^^^^^cSSSPSMMSISSSBPBSSbpmmmmmbmmSPPS^WMMSMSPMIBBS [vessel voy sin pou| pkq pen pqb dub shj ba 1 bik~ IRAN TAKHTI PJL 1300 19/08 27/08 28/08 28/08 20/08 IRAN TEYFOURI PJL 1302 22/08 30/08 31/08
      3,582 words

  • Page 34 Advertisements
    • 1331 34 EUROPEAJK/SCAMOINAVIA/WHLAHO/RUSStA I SGP ROM ANW HBG THP ZEE LHV I LHV TUP ROM ANW HBG PKL SGP E OIAMONO RW-001 26M8 11/09 16AM 13/09 IUN IS/09 17*0 E. GLOWING RE-045 01/08 03/0« 02AM 04/00 06*8 31/08 E OELUXE HW-004 29AM 17AM 21AM 10*9 20AM 21/09 22AM E GAINING RE 064
      1,331 words
    • 399 34 NANTAI LINE FUUY CONTAINERISED SERVKE TO MAURITIUS SOUTH AFRKA I vtssa VOY I SW I PIU I DU« I <ft I »/ia7| mmma tows m m ivw ii/w ?i/w tUXUIDUGOK tons Q7/W 17/09 21/W 24/W ■jjjjMjgjg VO74S IS/W W/W 03/10 mm yews vo?ts n/w 02/10 04/10 11/10 n/10 GOiDOI DKAGOW
      399 words

  • Page 35 Advertisements
    • 423 35 mm MYANMA FIVE STAR LINE (MyadMor National Line) loading for Yaagon (Rangoon) vksu voy sin m pin rat wrwi nw su> •PATHIM 150W SID JAALAYSIA AGENTS: OOUSTUD SHIPPING AGfNCKS -KUL m (03)2417)00 PKL Ttl (03) *****01 'rat Hi (04)2ti2402 rat m (otj *****21/4 W BANK LINE (A twvki of Andrtw
      423 words
    • 1189 35 HYUNDAI MERCHANT MARINE CO., LTD. I«ssa vat I«< I sou I ctm I«t I tan Invl ml [wan vml sou limlmlmlmi 1 «v I I HI NOl PEARL 004W 24/08 09/04 10/09 12/09 15/09 NOICORAL 0021 07/01 00/00 02/S ~04/01 2S/fi DANUK 540W 27/01 14/09 19/09 16/01 17/09 HYADMMAL 3031
      1,189 words
    • 1046 35 A 1 norvwegon specialized oukxomen Gto)§(o]<3 Wilhelmsen Lines TO NORTH AND LATIN AMERia "RORO HEAYYUFT SERVICE" IVISSfI 1 VOY I RAMP WIGHT SIX LAI CRI MIA SAV »A 1 OOF NYC NEW MOI TAMPA HI7 400 Tom 6.3 M 26/04 22/09 01/10 04/10 06/10 01/10 09/10 10/10 IS/10 17/10 TALABOT
      1,046 words

  • Page 36 Advertisements
    • 1816 36 BANGKOK/MAP TA PHUT/LABM CHABAHO JAKARTA/PAMJA NO VESSEL VOY SIN BKK MTP LCH VESSEL VOY S4N JKT PJN BANI BHUM 112N 2S/06 29/08 28/08 ACX RUBY# 29S In Pt 27/08 CHANA BHUM" 32N 25/08 28/08 VIRA BHUM 22SS In Pt 28/06 27/06 NANTA BHUM" 408N 26AM 29/08 30/08 AWWO QOWA' 047
      1,816 words
    • 32 36 LNS EXPRESS (S) PTE LTD Blk 217 Henderson Road, #01-04 Henderson Industrial Parte, Singapore *****5. CR WO: **********CVH Air-Sea International Freight Forwarders MUARfI I Also accepting Tel: 65-276 7996 Fax: 65-276 3740
      32 words

  • Page 37 Advertisements
    • 402 37 mmmm INDONESIA NATIONAL LINE TO EUROPE 1 PCPWaa MLMI CONTAINERISED SERVICE ~iii VOY DAM I H (UR6 IREMEN I ANTWERf A VESSEL 20/10 25/10 OMIT 06/11 TO AUSTRALIA RJU. CONTEMNER SERVICE m WT I OWE I SYD Ma MA to. m AfIIWMV 001 ZMN2MO 0M 114* 1M» "09 2MO m.
      402 words
    • 788 37 PACIFIC INTERNATIONAL LINES (PTE) LTD Jj 140 Cecil Street, #03-00 PIL Building, Singapore *****0. CR NO: **********06 (|VBMI VOT PKL I S4N I fit SYP ML out OH AM. PtL 1 I UNA AUSTRALIA *****3 29/0 30/0 I 5/9 10/912/914/9- KOTA PEBTAMA PTNOI3 30/8 I 10/9 12/9 M 19/9 j//*
      788 words
    • 873 37 |_VESS6LS I VQY rSX I JED 1 MLA 1 LEH I HAM THP HTM ZEE 1 VM-LE D*AQUARIUS U27W 25/08 02/00 07/09 13/00 15/08 16/09 17/09 1M» VW-LE OE AWTARES U27W 01/09 09/09 14/09 21/09 22/09 24/09 29/00 38/09 W-LEDEVWOO S27W 07/09 17/09 21/09 28/00 28*00 30/08 30/09 01/10 W-LEOCVB-A
      873 words


  • Page 39 Advertisements
    • 53 39 VbTal STEjM~} Dial 740-6000 on demandl —(Retrieve more schedules!) Press-r c --jjp\ Select the port and key in the four digit code eg. To New York (NYC) 2275 s j£> Key in your fax number I Enter your phone number J j Another innovative service offered by The document will
      53 words


  • Page 41 Advertisements
    • 64 41 'w7w.*<f. inHnjmurn.) »J waccvivi co/v« wj/vt aIOUMt 000 rW tWltl9oo Sxtfk Dial 740-6000 on demand 1 —Mm 9 (Retrieve more schedules!) a© Press "1" Select the port and key in the four digit code eg: To New York (NYC) 2275 'jSfBBk mmJ n our ax num :>er Enter your phone
      64 words

  • Page 42 Advertisements
    • 850 42 SAMUDERA 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. **********00 BOOKINGS CALL DIRECT LINE: *****41/43 JESSICA/CELIA/MEI CHAM 1522J22BEE3EESH 7SLGS/week [2E2EE2S 2 SLG/WEEK 11 VESSEL VOY [""SIN JAK [VESSEL VOY SIN PLB I BRIGrTTE 022 25/08 (TUE)
      850 words
    • 948 42 1 Tffßi OK UE SHIPPING CO Ml LTD [■■MIM liiiiiim I y 15 1 VOr S,M S'N HO Of SANATION 2 ecien^! 90 M/W 23/08 24/08 Kuolo I 'O/'S 23/08 25/08 Buolon/Pemwng Unw StoS 08/98 23/08 25/08 Buotw/Pennw™ J2/98 23/08 25/08 PeroworVßoofon/PBofu '2/98 25/08 27/08 Buoion/Pefown^Dura tO S°J 2 15/98
      948 words
    • 532 42 fCCG Singapore Soviet Shipping CPL kVVV afc lOOSOMOOOOM Multiline Shipping PI W33j (WholyO*«lS*s*Kyj a Hi **********0 C VESSEL VOY SIN BOM PNG PKL KOTA RUKUN RKNOII 29/06 06/09 18/09 19AM KOTARATU RTUOI9 05/09 13/09 25/09 26/09 BUXMOON 117N 13/09 21/09 03/10 04/10 VESSEL VOY SIN CALCUTTA SIN NOGLIKI 207/98 28-29/08
      532 words

  • Page 43 Advertisements
    • 926 43 i ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE VESSEL I VOY I StN CMft PIR LA SPEZIA I VIC I lEH I FXT I ANT MSC REBECCA 9833-3 24 AUG Q7 SEP KLSEE L2_S££ 16 SEP 17 SEP 18 SEP NORSHMGA 9834-3 01 SEP 05 SEP 15 SEP 18 SEP 20
      926 words
    • 1454 43 |vBMi/yoT*a sran mm Mfti jiß miSSSSLn* 2t2£ VM "W Sw Si VB«/ygTAg m ItTM HAW UH I STOM I KOK HAOOTA I SIM [wwll ISwnSSS £2 ~J* nM 22M i*M POiWnanA* 02U31 tIM DIN 04.N OLN 2SJU 31.01 01M UM MM I |1 07Vm3 HM UM 21.01 0110 CAIWPUS 01EA32
      1,454 words
    • 138 43 <®*TOYOFUJI SHIPPING CO, LID. MULTI-PURPOSE VESSEL FOR RO/RO, CONTAINER I BREAK BULK CARGO vcsa Ivorl pk I sw I jict I mu I kk I jm TItAMS PACIFIC 5 82 23/08 25/08 27/08 30/01 31/08 08/09 PfIPNINUS 52 06/09 08/09 10/09 13/09 14/09 22/09 HUMS FUTURE I 8 13/09 15/09
      138 words

  • Page 44 Advertisements
    • 1393 44 I VESSEL MAA SIN I TfGER WAVE 644N 26-27/08 01-05*09 10-11/09 I TIGER BRIDGE 645N 28-29/08 03-0&09 13-14/09 I TIGER BAY 646N 31-01/09 06-11/09 16-17/09 I TIGER ISLAND 647N 04 05/09 10-15/09 19-2009 I TIGER WAVE 648N 10-11/09 16-20/09 25-2609 I TIGER BRIDGE 649N 13-14/09 19-24/09 29-3009 IVESSEL^^VOY^SI^^CA^^SI^I XPRESS SPORE
      1,393 words
    • 933 44 OOCL (Sinyipofe) Pte Ud rFS r 71#21-04(5)07*06 *513 #01-121 <±> tu.^ ~,7,*****0H 272 7127 forkookkg W: *****13 Fa *****42 f.x: 272 7125 ///6\Yi▼ OOCL (Malaysia) Sdn. Bhd. W I S^S! 6 MYA fcfc ®3-754 77* Fax:o3-7565 342 tat 3269 180 I« 04-2******/1 Fax: 04-*****43 north MMMCI «>m/ (HUM q T0
      933 words

  • Page 45 Miscellaneous
    • 77 45 LICCND: R Thunderstorm T*mp«rotur« c /C\ .;Sr* r W#oth#r Q direction with spctd in knot* Cloudy Sky Wov« height Win* Of. «d«ot«<j by arrow, which My with the wind oTZT k w>*. 50 knots Si 01 -0W„,02 10™„.,0J 5 K J§J C mr 0f Tropk:o D#pf#tvon "lortmum w«d *>♦.<* 22
      77 words