The Business Times, 28 August 1998

Microfilm: NL21220
Total Pages: 40
1 40 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    12 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c SINGAPORE Internet: http://business-times.asial.com.sg/ FRIDAY, AUGUST 28,1998
    12 words
  • Article
    MARKET SUMMARY
    68 1 sm 110*88 (-14.97) BT-SRI ***** (-1.15) BTOOHP ***** (-10.52) fmnmok U ***** (+4.88) nMABKETMOOD: El Mixed STOCK MAKKET INDICES Thursday Change KLSE COMP 313.51 -10.98 NIKKEI 14,413.79 -***** HANG SENG 7,922.97 +8&57 SET INDEX 226.85 -0.65 JAKARTA COMP J»4* 4M MANILA OOMP __1,266.99 -20.03 TAIPEI WPI W13J0 -1.03
    68 words
  • Article
    FINANCE
    77 1 FOBEX BATES USS s$ US« 1.772 £(US$/S$pef£) 1.844 1914 DM 1.806 0.981 YEN 143.7 1534 RM UK 0.421 HKS 7.744 0129 BAHT 41.870 0.042 RUPIAH 11,060 0010* •St to I*o units PBDOB BATES SINGAPORE* 7.88 KUALA LUMPUR 11.50 JAKARTA ..28.06 BANGKOK 14.75 MANILA 2190 HONGKONG 10.25 TAIPEI 8 JO
    77 words
  • Article
    Lock icon Russian fears seize markets in Eastern Europe
    477 1 Plnnge exceeds even the hefty falls in Western Europe Reuters Bloomberg R Sivanithy [LONDON] From Warsaw to Lisbon and Oslo to Athens, European shares skidded yesterday as markets feared for the worst in Russia, with anxiety at its keenest in the east of
    Reuters; Bloomberg; R Sivanithy  -  477 words
  • Article
    M'sia slips into recession as Q2 GDP shrinks 6.8%
    1081 1  -  Bank Negara unveils three-point plan to ease monetary policy From] Ruth Wong in Kuala Lumpur THE Malaysian economy shrank a sharper-than-expec-ted 6.8 per cent in the second quarter, tipping the country into recession for the first time in 13 years and
    1,081 words
  • Article
    Easier monetary policy but no 'shocking' measures: Daim
    884 1  -  He sees M'sia returning to growth of 1% by next year From Eddie Toh in Kuala Lumpur MALAYSIA will shift gear and pursue an easier monetary policy to resuscitate the cash-strapped economy but there will be no "shocking" measures which the markets
    884 words
  • Article
    Lock icon Dow down 264 at 1 pm EDT
    85 1 Bloomberg [NEW YORK] The sense of a deepening crisis in Russia touched ofT a heavy selldown of US stocks yesterday, with the Dow Jones Average falling by as much as 353 points in early trade. A 350-point drop would have triggered a 30-minute
    Bloomberg  -  85 words
  • Article, Illustration
    Lock icon Property provisions drive Cycle $21m into the red
    567 1  -  By< Christopher Tan [SINGAPORE] Motor and property group Cycle Carriage Ltd (CCL) yesterday reported a first-half loss of $21 million after making "aggressive" provisions of $67.7 million for foreseeable losses on development properties. In the corresponding period last year, the company had
    ARTHUR LEE  -  567 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      135 1 IWBPB Frantic talks Acting Prime Minister Viktor Chernomyrdin, clearly feeling that Russia's finances were crumbling fast and its political system was in danger, held frantic talks yesterday to secure his parliamentary approval, P*B Latin America hard hit Stocks plunged throughout Latin America following a rout in global shares on concern
      135 words
    • Advertisement
      Page 1 Advertisements Column 2
      13 1 I I _jhH v Jfl I W M WW with Imus.' I-.: "If
      13 words
    • Advertisement
      Page 1 Advertisements Column 3
      29 1 Japan shares plummet to six-year low, Pg 4 Frantic talks to secure Chernomyrdin as PM, Pg 8 Market reports, Pg 18-22 MCL 8100 m in the red, Pg 13
      29 words
Page thumbnail Page 2
  • SINGAPORE AT HOME & ABROAD
    • Article
      Shorter work weeks in 23 firms
      351 2  -  Pay cuts of up to 40% for the 11,300 workers affected liy Carol Eng UNIONS have agreed to shorter work weeks in 23 companies since the beginning of this year. For the more than 11,300 workers involved, it has meant pay cuts of up
      351 words
    • Article, Illustration
      Lock icon Indon Great River firms hit by slump
      480 2  -  Apparel World seeks judicial management; Ray Summers under receivership ffy] Marissa Chew [SINGAPORE] Two Singapore companies of listed Indonesian fashion retailer Great River Industries have fallen victim to the retail slump. Apparel World Pte Ltd which retails brands such as Kenzo, Horn, Austin
      SIEW YAW HOONG  -  480 words
    • Article
      Taiwan firm pumps US$6m into S'pore govt linked film fund
      460 2  -  HYom Loh Hui Yin in Hongkong A FILM fund, in which the Singapore government is a shareholder, has increased its capital with the addition of a new investor from Taiwan. Eastern Multimedia Group (EMG), Taiwan's largest satellite TV channel distributor,
      460 words
    • Article, Illustration
      Lock icon Q2 wholesale trade falls 10.5%
      249 2  -  E7E ON THE ECONOMY Wholesale trade By. Audrey Tan A SHARP drop in both local and regional demand led Singapore's domestic and foreign wholesale trade to contract yet again in the second quarter of the year. Figures released by the Department of Statistics (DOS) yesterday
      Source: DOS  -  249 words
    • Article
      Public sector project draws more bids than usual
      460 2  -  liy\ Siow Li Sen IN what is a sign of the times, with private sector jobs all but dried up, a public sector project has attracted three times as many bids as usual. More ominously, the wide disparity in tender prices for
      460 words
    • Article
      S'pore-based investment banks must rein in costs: survey
      513 2  -  Bat sacking front office staff is not the key, says consultant w Wong Wei Kong SINGAPORE-BASED investment banks wanting to stay competitive and to help Singapore become a leading financial centre must address rising costs, but axing their front office staff is
      513 words
    • Article, Illustration
      Japan's Nidec to expand investment in S'pore
      445 3  -  Nidec S'pore, 3M, Bechtel, Omni Ind among those creating new jobs in Republic By\ Ronnie Lim JAPANESE disk-drive component maker Nidec Corporation plans to increase its Singapore investment in the coming year, to expand both its plant and research and development centre here.
      445 words
    • Article
      Properly auction sales rise sharply
      378 3  -  Ryi Corinne Kerk REFLECTING the dismal mood of the property market, the number of properties sold at auctions in the first half of this year has more than doubled, while the proportion of forced sales has also gone up sharply. The first six months of
      378 words
    • Article
      Lock icon Jeya inaccurate, say PM's lawyers
      305 3 The Straits Times PRIME Minister Goh Chok Tong's lawyers yesterday described as inaccurate the latest statement by Workers' Party chief J B Jeyaretnam on his offer to apologise to Mr Goh for defaming him. Allen and Gledhill was responding to Mr Jeyaretnam's statement on Wednesday
      The Straits Times  -  305 words
    • Article
      Seagate's disk-drive ops to come under S'pore control
      347 3  -  Local managers in key posts; 2 senior VPs based here By. Jennifer Lien SEAGATE Technology has reorganised its disk drive manufacturing operations, consolidating them under Singapore control and appointing locals to top posts. The move places all diskdrive manufacturing under the responsibility
      347 words
    • NEWS Roundup
      • Article
        CPF transfers via Internet
        71 3 COME Sept 1, CPF members can transfer their savings from the Ordinary Account to the Special Account using the Internet. The CPF Web site is www.cpf.gov.sg. Since July l, CPF members under the age of 55 have been able to transfer savings to raise their Special
        71 words
      • Article
        Comfort, CityCab: No fare changes
        82 3 FARES for Comfort and City Cab tayis will stay unchanged on Sept 1 when fare deregulation and electronic road pricing come into effect. City Cab said yesterday that plans to change fare structures would only be made after it has completed studies on the effects
        82 words
      • Article
        Commonwealth cultural test
        47 3 SINGAPORE S leading artists, such as writer Kirpal Singh and sculptor Chua Soo Kim, will be taking part in the 1998 Commonwealth Cultural Festival organised in conjunction with the 16th Commonwealth Games, to be held in Kuala Lumpur from Sept 11 to Sept 21.
        47 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      328 2 You arrive at a crossroads only to discover that the signpost has been blown down in a storm. You have no map. Which direction do you take? M You have no map. THE EURO Remember. share Euro fin 2 wmb your 7.' f,rs convert,bi '*!>HrV "jt* in Euro Whot good's
      328 words
    • Advertisement
      Page 2 Advertisements Column 2
      128 2 H ABN AMRO New Appointments ABN AMRO has announced that Andrew Agnew has been named Head of Financial Institutions for Asia Pacific, ABN AMRO, based in its regional headquarters in Singapore. Mr. Agnew joined ABN AMRO's Australian team as a Divisional Director in 1996 from Nat West, where he had
      128 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      42 3 20 YEARS OF EXCELLENCE 1 A\ In providing V-V cool comfort Z" for commerirfll Hitachi Plant IUI IUIIIIUCTIIdI 10 Anson Road #12-14 anH industrial International Plaza S p0re*****3 dim inausiriai Tel: 222 0665 Fax: 224 8358 Email: hpcsgn&cyberway.eom.sg UUliUingS. Website at http://www.hitachiplant.hbi.ne.jp
      42 words
    • Advertisement
      Page 3 Advertisements Column 2
      80 3 Lustrous Treasures of the Deep 0 Reap The Benefits of the 1998 Pearl Harvest at Pearl Farm Prices v d'V s A S r Announcing one of the selections of soulb Vv/ Pawl sWands and Jen cilery wlm ever assembled in S oulb Pa si Asia At prices below i
      80 words
Page thumbnail Page 4
  • ASIA'S ECONOMIC SLUMP
    • Article, Illustration
      Lock icon S Korea contracts 6.6% in Q2; 2nd half seen sharply worse
      698 4 Besides plunge in consumption and investment, exports are also sliding AFP (SEOUL) South Korea's once booming economy shrank 6.6 per cent in the second quarter of the year, sending Korea Inc slumping into recession with no end to the
      AFP  -  698 words
    • Article, Illustration
      Lock icon Japanese shares plummet to six-year low
      493 4 Banking sector worries, Russian trouble blamed AFP [TOKYO] Japanese share prices yesterday plunged to their worst level in six years, rocked by deepening concern over the nation's crippled banking sector and Russia's economic woes, brokers said. The Nikkei Stock Average tumbled 452.24 points, or
      AFP; Source: Bloomberg  -  493 words
    • Article
      Malaysia's AMC takes its first bite of problem loans
      474 4  -  Asset Management Company buys Perwira Affin Merchant Bank NPL Frfrm, Meera Tharmaratnam in Kuala Lumpur THE Asset Management Company (AMC), set up to tackle problem loans, has bought its first non-perform-ing loan, from Perwira Affin Merchant Bank, following approval from its
      474 words
    • Article, Illustration
      Lock icon Anson Chan defends market intervention
      315 4 Reuters AFX-Asia [HONGKONG] Chief Secretary Anson Chan said yesterday the territory must intervene in the stock and futures markets to take action against speculators. "We were taking action purely to deal with the speculative activities in terms of ensuring that the pain that we are
      Reuters; AFX-Asia  -  315 words
    • Article
      Lock icon HKMA cannot win war, says Soros fund manager
      467 4 Fundamentals in favour of those betting against HE Bloomberg [HONGKONG] Hongkong will lose its war against people betting against its currency and stocks because the economy is in recession, said Stanley Druckenmiller, manager of George Soros' flagship Quantum Fund, which is betting
      Bloomberg  -  467 words
  • Page 4 Advertisements
Page thumbnail Page 5
  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Indon poor loot again as prices surge
      641 5  -  Protests torn violent in sonth Sumatra; students want Habibie to quit from Shoedb Kagda in Jakarta SIMMERING social unrest Is threatening to erupt in Indonesia once again, undermining efforts by the government to restore some semblance of order as the worsening economic situation
      AFP  -  641 words
    • Article
      Lock icon M'sia pulls out, FPDA exercise scrapped
      265 5 KUALA LUMPUR The Straits Times NEXT month's military exercise involving members of the Five Power Defence Arrangements (FPDA) has been cancelled after Malaysia decided to pull out, even as ships from three countries are on their way to the region. Malaysian Defence Minister Syed
      The Straits Times  -  265 words
    • Article
      Lock icon Graft: World Bank to work with Jakarta
      217 5 JAKARTA AFP WORLD Bank Indonesia country director Dennis de Tray said yesterday his staff would cooperate with the Indonesian government on a scheme to tackle corruption. "My staff and Hartarto's staff will meet again tomorrow afternoon to discuss an action programme to reduce
      AFP  -  217 words
    • Article
      Panel to probe range of alleged atrocities under Suharto rule
      516 5  -  SINGAPORE Independent commission initiated by chief of influential Muslim body By Yang Hazali Kassim POSSIBLY the first organised move to probe Into a range of alleged atrocities under the New Order regime of former president Suharto got underway this week
      516 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      746 5 161 Philippine National Bank and Subsidiaries As of Dscsmbsr 31, 1997 with Comparative Figures for 1996 A* of December 31,1997 with Comparative Figures for 1996 ('"Thousand Pesos) (InThoussnd Pasoa) RESOURCES 1997 1996 INTEREST INCOME ON; IM7 TSS6 Cash and other Cash Items P 3,274,064 P2.380.660 Receivables from customers P15,408,601 P10.751.577
      746 words
    • Advertisement
      Page 5 Advertisements Column 2
      251 5 UL KLW HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 15 June 1995) INVITATION IN RESPECT OF 25,500,000 NEW ORDINARY SHARES OF Sso.lo EACH ("NEW SHARES") COMPRISING:(I) 2,550,000 OFFER SHARES AT 550.28 FOR EACH OFFER SHARE BY WAY OF PUBLIC OFFER; AND (II) 22,950,000 PLACEMENT SHARES AT 550.28 FOR
      251 words
Page thumbnail Page 6
  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon China estimates flood damage at 166.6b yuan so far
      364 6 HONGKONG Figure may dash Bering's hopes of achieving 8% economic growth Bloomberg CHINA'S worst floods since 1954 have caused 166.6 billion yuan (5535.5 billion) in damage so far, a government official said. The estimate the first disclosed by the government would
      Bloomberg  -  364 words
    • Article
      HK$10m bail for Allied`s ex-finance head
      314 6  -  From< Quak Hiang Whai in Hongkong A DAY after he was extradited from Australia, the former finance director of Hongkong listed Allied Group was released on bail of HK$lO million (552.3 million) yesterday after being charged with 22 counts of fraud, nine of them
      314 words
    • Article, Illustration
      Lock icon An eyeful of technology
      75 6 [BEIJING] A customer at the Beijing International Radio, TV and Film Equipment Exhibition '98 got the fish-eye view of Ningbo GQY Telecom's rear projection video-wall system yesterday A saleswoman representing Ningbo GQY Telecom, a Sino-American joint venture, was explaining to him the company's video-wall systems. China's
      AFP  -  75 words
    • Article
      Lock icon China's commo exchanges to merge?
      128 6 SHANGHAI AFP SENIOR officials of China's futures industry are meeting in Beijing to map out the future of the free-wheeling futures market. Sources said the three-day meeting, which ends today, would decided to merge China's 14 remaining commodities exchanges into three markets. "One will be
      AFP  -  128 words
    • Article
      HK imports dive 18% as economy slows down
      357 6  -  Exports also dismal, down 13%, after air cargo terminal fiasco hVom Loh Hui Yin in Hongkong IN a sure sign that the Hongkong economy is slowing rapidly, its imports last month dived as manufacturers bought less goods from overseas for local production.
      357 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      183 6 tr JWW. /rj 1 \r*owvs 1 t ■>-a V plains All land cleared as per picture ready to build Water, sewerage, power, metal roads, all major Choices of beautiful homes to select from gfeife s You can feed kangaroos, wallabies and qalahs j§s§r .rSSsJ from your window R? r V
      183 words
    • Advertisement
      Page 6 Advertisements Column 2
      1015 6 6 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED Head Office: 9 Rutchadapisek Road, Ladyao, Jatujak, Bangkok *****. Tel: 544-1111. Annual Report For The Year Ended December 31,1997 ASSETS 1997 LIABILITIES AND SHAREHOLDERS' CASH 7.479.958 387 EQUITY 1997 INTERBANK AND MONEY MARKET DEPOSITS ITEMS a Domestic items Deposits in Baht 496.663.781.249
      1,015 words
Page thumbnail Page 7
  • ASIA
    • Article, Illustration
      Lock icon A$ bashed to all-time low against US$
      535 7  -  Plunge raises fears central bank may be pressured into lifting official rates From Russell Baker in Sydney THE Australian dollar sank to an all-time low of 56.1 US cents yesterday as international investors dumped com-modity-linked currencies in response to Russia's worsening economic crisis.
      REUTERS  -  535 words
    • Article
      Lock icon Long-Term Credit Bank solvent: BOJ chief
      207 7 TOKYO Bloomberg AFP BANK of Japan governor Masaru Hayami said yesterday the Long-Term Credit Bank of Japan Ltd is solvent. He told a parliamentary session that the bank's liabilities don't exceed assets. He declined to comment further on the bank's financial condition, citing the
      Bloomberg; AFP  -  207 words
    • Article
      Lock icon India to allow global satellite-based phones
      205 7 NEWDELHI Bloomberg INDIA'S government has approved the introduction of global satellite-based telephone services in the country, the Department of Telecommunications said in a news release yesterday. The move will allow companies such as Iridium LLC a joint venture led by Motorola Inc Globalstar Telecommunications
      Bloomberg  -  205 words
    • Article
      Lock icon Australia's Labor promises A$6b in tax cuts
      367 7 CANBERRA Opposition proposal favours low, middle income groups in contrast to govt plan Reuters AUSTRALIA'S Labor opposition yesterday began its fight to win the next election with the promise of As 6 billion (Ss6 billion) worth of tax cuts for the country's "battlers".
      Reuters  -  367 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      370 7 NOTICE [Q] INAIIMUIIIT BANK PMUC COMMMY UNTB Negotiable Floating Rate United States Dollar Certificates of Deposit due in February 1999 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the Interest Period from 28 Aug 98 (inclusive) to 26 Feb 99 (exclusive) the
      370 words
    • Advertisement
      Page 7 Advertisements Column 2
      279 7 NOTICE Shandong International Trust Investment Corporation U*****,000,000 Floating Rate Notes due 2001 Common Code: *****8245 ISIN Code: X **********3 In accordance with the provisions of the Notes, notice is hereby given that for the Interest Period from 27 August 1998 (inclusive) to 26 February 1999 (exclusive) the Interest Rate applicable
      279 words
    • Advertisement
      Page 7 Advertisements Column 3
      193 7 FORM 63S THE COMPANIES ACT (CHAPTER 50) THE COMPANIES REGULATIONS REGULATION 78 NOTICE TO PROVE DEBT OR CLAIM FOR PUBLICATION Name of Company: Katong Emporium Supermarket (Pte) Ltd (Judicial Managers Appointed) Company No.: *****2034W Address of registered office of the abovenamed company: Blk 712 Ang Mo Kio Avenue 6 #04-4056
      193 words
    • Advertisement
      Page 7 Advertisements Column 4
      436 7 THE COMPANIES ACT.CAPSO NOTICE OF RESOLUTION YOW LEE REALTY (PTE) LIMITED (la Members Voluntary Liquidation! At an Extraordinary General Meeting of Yow Lee Realty (Pte) Limited duly convened and held at 102 Upper Cross Street #08-11 OG Building Singapore *****0 on 27th August 1998 at 1.50pm the following Special Resolution
      436 words
    • Advertisement
      Page 7 Advertisements Column 5
      480 7 Your Sunday reading is not complete without Cats' Mews Check it out in Sunday Classified this weekend. I I CAT AI CWT DISTRIBUTION LIMITED Announcement Interim Results The Directors of CWT Distribution Limited wish to make the following Announcement: UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1998 Group
      480 words
Page thumbnail Page 8
  • THE WORLD
    • Article
      Lock icon Frantic talks to secure Chernomyrdin's PM's post
      504 8 MOSCOW Kremlin denies talk of Yeltsin quitting, foreign currency trade halted on Moscow exchange Reuters ACTING Prime-Minister Viktor Chernomyrdin, clearly feeling that Russia's finances were crumbling fast and Its political system was In danger, held fTantlc talks yesterday to secure his parliamentary approval.
      Reuters  -  504 words
    • Article, Illustration
      Lock icon World urges Russia to set its fiscal house in order
      365 8 ST PETERSBURG Policies on rouble, debt and banking sorely needed Reuters [WASHINGTON] The world's top economic powers told Russia on Wednesday it alone held the key to rescuing its ravaged economy and rouble currency, urging Moscow to finally get a
      Reuters; ATP  -  365 words
    • Article
      Lock icon Russian debt downgraded by 2 credit agencies
      218 8 PARIS AFP CREDIT rating agency FitchIBCA said yesterday It was downgrading Its long-term foreign currency rating for five Russian regions, and keeping them and two other regions on watch for a possible further downgrade. Another agency, Thomson Bank Watch, meanwhile announced that It
      AFP  -  218 words
    • Article
      Lock icon Growing tally of losses among biggest banks
      375 8 LONDON Bloomberg AS Russian financial assets slide, the tally of losses being chalked up by the world's biggest banks is growing. Two of Europe's biggest banks, Credit Suisse Group and ÜBS AG, this week said they endured losses that together may amount to
      Bloomberg  -  375 words
    • Article
      Lock icon Mexico sharpens monetary tools
      226 8 MEXICO CITY Reuters MEXICO sharpened its monetary and foreign exchange tools on Wednesday in a bid to combat global financial volatility that has slugged the peso to the mat and shredded local stocks. Banco de Mexico, the central bank, announced it would set up new special
      Reuters  -  226 words
    • Article
      Lock icon Latin American stocks pummelled on Russian fears
      293 8 SAO PAULO, Brazil Venezuela, Mexico most hard hit due to weak currencies Reuters STOCKS plummeted throughout Latin America following a rout in global shares on concern that Russia's deepening economic woes will drive investors out of emerging markets and put pressure on the
      Reuters  -  293 words
    • Article
      Lock icon Libya to extradite Pan Am suspects
      313 8 NEW YORK Bloomberg LIBYA agreed to extradite two suspects to The Netherlands to face trial in the bombing 10 years ago of Pan Am Flight 103, part of an initiative the Libyans hope will lift six-year-old United Nations' sanctions against their country. "While Libya
      Bloomberg  -  313 words
    • Article
      US dollar may not slide if Dow crashes: studies
      679 9  -  US$ only in danger if foreign investors believe US assets will lag own markets bYont Neil Behrmann in London THE dollar will not necessarily slide if the US stock market crashes, two recent research reports said. To do so, US stock
      679 words
    • Article
      Lock icon US Q2 growth revised up slightly to 1.6%
      607 9 WASHINGTON Inflation mild as poor trade balance drags on growth Reuters A MAJOR strike at General Motors Corp and a bleak trade picture caused the US economy to slow dramatically this spring from its torrid pace at the beginning of the year,
      Reuters  -  607 words
    • Article, Illustration
      It's out with the new and in with the old in Russia
      715 9  -  EUROPEAN VIEW But it remains to be seen if a new 'old' PM can gat the economy going By Kevin Sullivan QUOTE of the week comes from the Russian newspaper Izvestia. Commenting on President Boris Yeltsin's announcement on
      715 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      1183 8 Union de Banques Arabes et Francises H«ad Office: 190 Avenue Charles-de-Gaulle, ***** Neullly Cedex, France. Singapore Branch: 6 Temasek Boulevard, #25-04/05 Suntec Tower 4, Singapore *****6. CONSOLIDATED BALANCE SHEET CONSOLIDATED PROFIT AND LOSS ACCOUNT aa at December 31,1997 for the year ended December 31,1997 1907 IM7 ItN ASSETS (French »r»nc
      1,183 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      1054 9 _rr l (Sji) AURIC PACIFIC GROUP LIMITED RESULTS FOR THE SIX MONTHS ENDED 30TH JUNE 1998 The Directors of Auric Pacific Group Limited announce the following unaudited results for the six months ended 30th June 1998:A PROFIT AND LOSS STATEMENT GROUP COMPANY Six months ended 30 June Six months ended
      1,054 words
Page thumbnail Page 10
  • EDITORIAL & OPINION
    • Article, Illustration
      HK govt now in a battle it has to win
      715 10  -  THE BOTTOMUMS OPINION By Loh Hui Yin The writer is a BT correspondent in Hongkong THE Hongkong government's intervention in the stock and futures markets to repel speculators attacking the Hongkong dollar shows that it is prepared to slug it
      715 words
    • Article
      IN OTHER WORDS
      119 10 'I am not the Inspector-General of Police. They (the police) give me the materials. If they give me chicken bones, I cannot create chicken soup.' Mohtar Abdullah Malaysia s Attorney-General, on why he has not been able to act on certain high-profile cases. 'Nuclear weapons pervade our
      119 words
    • Article
      New Zealand should come first
      629 10 EDITORIAL IF New Zealand voters had a chance to do it all over again, they would probably reject proportional representation as a way of electing their government As it stands, they are learning the hard way that their decision to opt for a new system
      629 words
    • Article, Illustration
      Lock icon Russia delivers blow to global capitalism
      752 10  -  Unless Russia's ills are resolved soon, its economic incompetence could do to capitalism what Stalin could not By. Floyd Norris NYT RUSSIA'S huge default on its debts, and the harsh terms it is offering to those foreigners who made the mistake of lending money
      NYT; FILE PHOTO  -  752 words
    • Article
      WHAT THE OTHERS SAY
      1202 10 End of the innocence ONE year ago today, the phrase "Asian financial crisis" had not yet appeared in any of the nation's major newspapers. There seemed to be a small currency crisis in Thailand, but it had not spread anywhere else in Asia. Since then, economies
      1,202 words
Page thumbnail Page 11
  • Article
    EXECUTIVE LIFESTYLE
    2 11
    2 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      260 11 Whprp tfl WiriP Hinp qmH onfoi*foi'ii Praenud fi Diners Club Offers FREE SOS" Global To caU: lICIC IU nllic, Ulllc dllU eilieruun... IM internationaT Emergency Referrals Whilst overseas. 290 4545 w fci* -'**> Kvcry Monday is Senior Citizen's Day al the ANA Hold. Anyone 60 ami a hove can enjoy
      260 words
    • Advertisement
      Page 11 Advertisements Column 2
      128 11 CAFZ&EGMMb LT.VELI Daily A La-Carte menu. Western and local (iZ. Jf y \p favourites chef s ami yft speciality top selling m Hainanese Chicken Rice, NasiGorenglstimewa, etc. Function Room available for private parties, company dinner and dance, conference, seminar and meeting. Contact F B Department at ext. 400 or 02.
      128 words
    • Advertisement
      Page 11 Advertisements Column 3
      100 11 g I gTfTfffl |11 B gi.t I In August, our Crocodile Meat promotion takes centrestage at Hua Yuen Chinese Restaurant. Highlights include: Double-boiled Dried Crocodile j Meat with Herbal Soup, Steamed Crocodile Meat with Ham and Fish Maw, Barbecued Crocodile Meat with Satay Sauce and Baked Crocodile Meat with Cheese.
      100 words
    • Advertisement
      Page 11 Advertisements Column 4
      157 11 Wn'l fM ItiM? I rtid it h Cats' Mews/ Citik Cats 1 Mavs ii S««day tfcii vaakari. J a£s m |R"=' '="n]| E liCkuiatMW j] SPECIAL A LA CARTE MENU 1 31 AUGUST 15 sensationally-new dishes will be offered. Deej>-fried Almond Chicken with Crab meat sauce, Shanghai boneless duck many
      157 words
    • Advertisement
      Page 11 Advertisements Column 5
      129 11 ,x- wmm »wuL»sir I M BS.*— CotfQuty J SELECTED j DIAN XIN DISHES iAT $2.50 FOR LUNCH j 25% OFF j YOUR DINNER BILL*! THIS MONTH Reservations:224-3203 *On nonfunction nights only I 7th Floor, Overseas Union House, Collyer Quay, Singapore *****1 1 Eyfre*uAg> Uoury DlimSuwHll Now you cm* o* VU*
      129 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      850 11 TV&RADIO Premiere 12 4.00 News 5 Today followed 4.00 TV Innovations. 2.00 PM Response TV. by Afternoon at the 2.30 TV Innovations. Movies (cont'd). Prime hi a BIMBB 4.00 Kidz Blitz: Sesame 5.00 News 5 Todav Followed 12.00 PM Response TV. Street. By Wheel Of Fortune. LOO TV Innovations. 5.00
      850 words
    • Miscellaneous
      Page 11 Miscellaneous Column 2
      189 11 CRYPTIC CROSSWORD ACROSS One doesn't keep his distance 30 R3 figures in school syllabus (10) 14 New crimson hat for one wh'd YESTERDAY'S SOLUTION down sovereign (10) 1 jetty one of Florida's fea- 16 ain <*»*!* of a f T y£i|glfii) BniBl«!.lBI°lSlul tures, we hear (4) g time (8) R
      189 words
Page thumbnail Page 12
  • THE LEADING EDGE
    • Article, Illustration
      Lock icon Passion drives the man at Sun's helm
      1576 12  -  Lionel Lim, Sun's Asia South MD, shares his vision and passion about the company and his business model with Jennifer t-wm JENNIFER LiEN SIT down for an hour with Sun Microsystems' Asia South managing director Lionel Lim, and you cannot help but catch
      ARTHUR LEE  -  1,576 words
    • Article, Illustration
      Lock icon Why chopping should be done in good times
      371 12 COMPANIES should deal with non-performers in good times, not bad, says Sun Microsystems' Asia South managing director Lionel Lim. "If at a time like this, the employees need jobs and you let them go when everybody else is retrenching, then it's tough
      ARTHUR LEE  -  371 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      0 12
      0 words
    • Advertisement
      Page 12 Advertisements Column 2
      102 12 brought to you by SIR STAMFORD RAFFLES CLUB BORDERLESS. i ''j^HL 99 77;*> World of Success m JsJe oajfrate in a 6orderless world, where ylo6alinformation, instant V.—'^Mmmumeat ions andtimely decisions are t/ie Aeys to competitive edge. yit the Sir StamfordOZafftes Glu6, we are committedto providing our members with t/ie tools
      102 words
Page thumbnail Page 13
  • COMPANIES & MARKETS
    • Article
      MCL &100m in the red alter hefty provisions
      482 13  -  Provisions include downward valuations of its freehold properties By Christopher Tan [SINGAPORE] MCL Land, a property arm of Cycle Carriage, made massive provisions of $113.4 million which included downward valuations of its freehold properties. It is believed to be the first developer
      482 words
    • Article
      ST Engg a shooting star since its merger last year
      422 13  -  Reports by'. David Boey [SINGAPORE] Singapore Technologies Engineering has let results speak for themselves, silencing early sceptics and stunning marketwatchers with phenomenal three-digit growth in its share price a year after news of its formation first broke. On this day
      422 words
    • Article, Illustration
      Lock icon Air force open house next weekend
      211 13 [SINGAPORE] A Republic of Singapore Air Force (RSAF) F-5S Tiger II single-seat fighter, upgraded by Singapore Technologies Engineering's aerospace arm, ST Aerospace, was seen hard at work on Wednesday practising a scramble drill for the air force's upcoming open house. The F-5S will be
      ALPHONSO CHAN/ST  -  211 words
    • Article
      ST Engineering: a safe bet on Spore's defence strategy
      556 13  -  HOCK LOCK SIEW David Boey THERE are some market players who scrutinise the tiny print in the Share Information Service that this newspaper publishes every Monday. The service contains information on the buying and selling of shares by substantial shareholders or
      556 words
    • Article
      Various factors behind Pac Can's high bond yield
      368 13  -  Low trade, closeness to maturity, poor track record cited By i Clarissa Tan [SINGAPORE] A fast-ap-proaching maturity date, low trading volumes and their unsecured status are some reasons for the 75 per cent yields offered by Pacific Can Investment Holdings' bonds, traders
      368 words
    • Article
      PCI back in the black with $5.7m profit
      225 13 (SINGAPORE] Printed circuit board maker PCI Ltd yesterday reported a sharp turnaround in performance for the year ended June 30, making a net profit of $5.7 million compared to a loss of $9 million previously. The profit was generated on revenues which
      225 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Cheung Kong, Hutchison hit by huge provisions
        739 14  -  Cheung Kong's interim 80% lower while Hutchison's earnings fall 45% Reports by Quak Hiang Whai LI Ka-shing's Cheung Kong (Holdings) and Hutchison Whampoa Limited have reported lower-than-expected interim results due largely to more provisions for lower property and investment values. Dragged down by
        REUTERS  -  739 words
      • Article
        S&P downgrades rating for DBS Bank
        493 14  -  It expect DBS' NPL ratio to worsen due toThaiDann By i Clarissa Tan [SINGAPORE] Standard Poor's yesterday downgraded its public information rating for DBS Bank to Api from AApi, citing the continued regional downturn and Thai Danu's poor asset quality. The rating agency said
        493 words
      • Article
        Hong Leong Asia net up 16.5%
        373 14  -  By Courad Raj [SINGAPORE] While most listed companies have been reporting falling earnings and turnover in the midst of one of the worst economic crises to hit the region, Hong Leong Asia yesterday reported a 16.5 per cent increase in net earnings to $12.05
        373 words
      • Article
        Confidence in HK$ peg, no hedge against it
        345 14 THE Cheung Kong Group has not hedged its positions in anticipation of a break in the Hongkong currency peg, tycoon Li Ka-shing said yesterday. A close friend of Chief Executive Tung Chee-hwa, the Cheung Kong chairman said he does not believe the
        345 words
      • Article, Illustration
        Doormaker KLW offers 25.5m shares at 28 cents each
        438 14  -  90% to be placed oat; issue is the largest on Sesdaq this year RejxtrLs by Marissa Chew [SINGAPORE] Door manufacturer KLW Holdings launched its initial public offer for a Sesdaq listing yesterday, putting 25.5 million new shares at 28 cents each
        438 words
      • Article
        OCBC's Harimau posts $4.3m interim loss
        232 14  -  By\ Eugene Low [SINGAPORE] OCBC closedend fund Harimau Investments yesterday reported a hefty $4.3 million net loss for the half year ended June. In the same period last year, it had a $3.1 million net profit. The company also reported $5.1 million losses from
        232 words
      • Article
        'Inherent risk' KLW may be cornered
        133 14 [SINGAPORE) The issue manager of KLW Holdings' initial public offer yesterday conceded there was an "inherent risk" that stocks like KLW may be cornered. KLW is the latest company to offer just a small portion of its IPO —10 per cent —to the public.
        133 words
      • Article
        Airlines, property drag Citic Pacific interim net down 71% to HK$l.8b
        592 14  -  Results at high end of expectations, shares gain From Loh Hui Yin in Hongkong HIT by a property slump and an economic slowdown, mainland-backed Citic Pacific's net profit plunged 71 per cent to HK$l.B billion (*****.5 million) for the
        592 words
      • Article
        Who mill counter the hedge funds?
        132 14  -  LETTER TO THE EDITOR P Leesinsky Hongkong via Internet I ENJOYED your article supporting non-intervention by the government in the stock exchange, specifically in relation to property stocks. But I believe you have failed to consider that hedge funds are doing exactly that with
        132 words
      • Article
        Chuan Hup profit surges 106% to $18m
        280 14  -  By\ Soh Tiang Keng [SINGAPORE] Boosted by strong growth in its core marine business, Chuan Hup Holdings posted a 106 per cent jump in net earnings for the fiscal year ended June this year. This sharp rise in net profits to $18 million
        280 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article
        KLIH's Teong told to pay RMl2m to Amsteel Securities
        416 15  -  He's also fonnd liable for another RMl6.7m, together with two others From, Meera Tharmaratnam in Kuala Lumpur THE High Court has directed prominent businessman Teong Teck Leng of Kuala Lumpur Industries Holding (KLIH) to pay 12 million Malaysian ringgit (S$5.0 million)
        416 words
      • CORPORATE Results
        • Article
          Singatronics' earnings down 17%
          114 15 [SINGAPORE] Electronics and property company Singatronics Ltd reported a 17 per cent drop in net profit to nearly $1.9 million for the six months ended June 30. It blamed the fall mainly on a higher tax provision and losses incurred by an associated company. Turnover was
          114 words
        • Article
          Hersing's profit growth books sentiment
          91 15 [SINGAPORE] Hersing Realty has bucked the negative property sentiment and turned in a positive profit growth of 14.9 per cent to $2.6 million for the six months ended June 30. Turnover was up marginally at 3.9 per cent to $28.9 million. Its Singapore operations "performed
          91 words
        • Article
          Aurio group's profit slips 10%
          111 15 [SINGAPORE] Food distributor Auric Pacific Group's profit at half time fell 10 per cent to $2.3 million. Turnover slid 17.1 per cent to $70.8 million while investment income dropped 32.9 per cent to nearly $3 million, and other income including interest income jtunped 50 per
          111 words
        • Article
          Hotel Negara shaves 17.8% off losses
          94 15 [SINGAPORE] Hotel Negara has cut its net losses by 17.8 per cent to $791,000 on a 13.4 per cent decline in turnover to $5.78 million for the six months to June 30. Bottomline profit was also eroded by a 57 per cent jump in
          94 words
        • Article
          CWT hit by weak demand
          105 15 [SINGAPORE] CWT Distribution's net earnings retreated 23 per cent to $2.9 million for the six months ended June 30 because of weakness in demand for warehousing amid the regional economic turmoil Turnover was up 18 per cent to $72.2 million due mainly to the company's
          105 words
        • Article
          Teledata's interim gain plunges
          102 15 [SINGAPORE] Telecommunications group Teledata reported a sharp 85.7 per cent plunge in net profit to 1201,000 at the halfway stage. This came on revenues which were down 13 per cent to $41.3 million for the six months ended June 30. At a per share level, earnings
          102 words
        • Article
          Interest cost drags down Oakwell
          110 15 {SINGAPORE] Oakwell Engineering's net profit at half-time fell 30.9 per cent to $400,000 despite a 17.9 per cent rise in group turnover to $45.7 million. Eating into the bottomline was an 89.3 per cent surge in interest on borrowings to nearly $2.3 million. There was,
          110 words
        • Article
          Lock icon Southern Bank`s pre-tax profit halved
          75 15 The Star [KUALA LUMPUR] Southern Bank, a medium-sized local bank, reported a fall of 51 per cent to 53.7 million Malaysian ringgit (5522.5 million) in its pre-tax profit for the six months up to end-June 1996. The bank said this is due to large loan
          The Star  -  75 words
      • Article
        Electronic Resources optimistic about 1998 growth
        378 15  -  Oceania and China business will offset slowdown in region By. Annette Pan [SINGAPORE] Mainboardlisted electronic components and peripherals distributor Electronic Resources (ER) expects "reasonably good growth for 1998" despite the region's economic woes, senior company executive Khoo Teck Liat told reporters yesterday. "Our South-east
        378 words
      • Article
        CPF unit trusts: four risk-based categories
        597 15  -  Fond managers briefed on new classification system By I Shiv Taneja [SINGAPORE] The Central Provident Fund Board, along with its investment consultants William Mercer, yesterday briefed the fund management industry on the new classification system for CPFapproved unit trusts. The proposed system classifies unit
        597 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Indon bank profits fall on high rates, bad loans
        536 16 Bad loans expected to balloon to 50 per cent of total loans eventually, analysts say Bloomberg [JAKARTA] A string of Indonesian banks posted lower first-half earnings yesterday, as profits were crimped by higher deposit rates and a surge in provisions for
        Bloomberg  -  536 words
      • Article, Illustration
        Lock icon Commodity prices slump to 12-year lows
        464 16 Falls due to high production and lower demand from Asia Bloomberg [CHICAGO] Commodity prices, mired in a two-year slump, have fallen to their lowest levels since 1986. Leading the price decline is crude oil, by far the world's biggest commodity market. Production of everything
        Bloomberg; FILE PHOTO  -  464 words
      • Article
        Lock icon AMP demanding more info from GIO
        218 16 Bloomberg [SYDNEY] AMP Ltd is demanding that the company it is trying to buy, GIO Australia Holdings Ltd, hand over financial information allegedly given to other potential bidders. AMP's chief financial officer Paul Batchelor also said he is "sceptical" about claims by GIO that
        Bloomberg  -  218 words
      • Article
        Lock icon US$900m tag for Credit Lyonnais unit
        232 16 Bloomberg [PARIS] Credit Lyonnais, the French bank being sold by the government, could get as much as US$9OO million (Ssl.6 billion) for its unit in Belgium, the last major bank asset available there after a consolidation in the industry. Suitors for Credit Lyonnais Belgium,
        Bloomberg  -  232 words
      • Article
        Lock icon JGBs stay little changed as Nikkei dives
        185 16 Report Reuters [SINGAPORE] Simex Japanese government bond (JGB) futures were little changed yesterday as the Nikkei plunged to its lowest closing level in six years. September JGBs rose to a record high of 135 but came off to end at 134.9. Volume was
        Reuters  -  185 words
      • Article
        Futures rebound in second half of session
        177 16  -  MSCI TAIWAN FUTURES Charlie Kuo, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures, depressed by a worldwide equity slump, opened sharply lower but saw a dramatic rebound in the second half of the trading session as bar-gain-hunting together with short-covering
        177 words
      • Article
        Lock icon Oil prices continue their slide
        279 16 ENERGY REPORT Reuters [LONDON] Oil prices fled lower yesterday while producers all around the globe showed the painful consequences of a stubborn price slump. Benchmark Brent was trading at U5512.12 a barrel by 1534 GMT, down another 38 cents. Oil prices are a third below
        Reuters  -  279 words
      • Article
        Lock icon CURRENCY REPORT
        286 16 AFX-Asia Reuters I<<Wl<l<Ml STERLING continued to move higher against the US dollar and the mark in late trade as investors used the currency as a safe haven amidst economic chaos in Russia and fears of a collapse in other emerging markets, dealers said. The rouble was again suspended
        AFX-Asia; Reuters  -  286 words
      • Article, Illustration
        Untitled
        836 16 mTERBAint CROSS RATES A^° 27 Ffr E2 Y— Ww KM IBS E* It Pwo S$ Im< Sfr ITS MM PmJ US) C«Md 1133 0582 3858 UB !iu ***** ™"w a?2 7-424 2J 7 lB *30.364 24.509 0.996 3.612 0J44 19Jtt ***** 0.342 0362 E. B a 9 isi!« s B
        836 words
    • Article
      COMMODITY PRICES
      1677 17 *****1 FUTURES Aug27 RUtMB (Mum dosing *s «t S.JOfn) tSSI CONTRACTS CMts/kf) CtOM Vo4wm Opto Motii W«fc Low Satt itwuw) Nrtortst Sep 115.50 300 Oct 98 115.75 1315 Nov M 116.25 116.25 116.25 600 1475 D«c 98 117.00 1850 Jan/Mar 99 120.00 1950 Apr/Jan 99 124.25 1950 M/5*p
      1,677 words
    • Article
      WORLD STOCK MARKETS
      2242 17 LONDON Mast rials «H 27 Naca *f31 Group 526.000 -19.000 AB Ports 276.400 -10.000 AM>ay National 1109.000 9.260 AHtad Domacq 522.000 -5.400 Am* 139.000 -2.000 Asda Group 170.000 -5.000 BAT Ind 598.000 -32.000 BG PK 368.400 -16.600 BtCC 96.200 -1.200 BOC Group 799.000 -22.000 BR Patrolaum 775.000
      2,242 words
    • Article
      Lock icon TOKYO
      1612 17 Bloomberg Q Nikkei 225 -***** JAPAN'S benchmark stock index yesterday plunged to its lowest in six years after markets dropped across Europe and the US as the Russian government abandoned efforts to prop up the rouble. Exporters such as Bridgestone Corp and Toyota Motor Corp paced the drop. "It's
      Bloomberg  -  1,612 words
    • Article, Illustration
      Lock icon HONGKONG
      1539 18 Reuters QHangSeog +8&57 HONGKONG stocks defied weaker overseas markets to close higher yesterday after a battle between speculators and the government, which continued to buy aggressively in the market, brokers said. The Hang Seng Index added 88.57 points, or 1.13 per cent, to finish at 7,922.97. Turnover was the
      Reuters  -  1,539 words
    • Article, Illustration
      Lock icon CHINA
      594 18 Reuters n Shenzhen B Index -0.04 SHENZHEN'S hard currency B Share Index closed slightly weaker yesterday in slack trade due to jitters over the neighbouring Hongkong stock market, analysts said. The B index fell 0.04 point, or 0.07 per cent, to 56.24 points as turnover contracted to HK$B.2 million
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  594 words
    • Article
      Lock icon TAIPEI
      368 18 AFP □wpintot -LQ3 TAIWAN share prices were marginally lower yesterday as buying by governmentlinked funds capped early sharp losses, dealers said. The Taiwan Stock Exchange Weighted Price Index dropped 1.03 points to 6,813.30, following a 1.4 per cent decline the previous session. "It's obvious there was strong government intervention
      AFP  -  368 words
    • Article, Illustration
      Lock icon BANGKOK
      709 18 AFP kl SET Index -0.66 THAI shares edged 0.3 per cent lower at the close of a thin day's trade yesterday, led by profit-taking in banks and finance firms, analysts said. Analysts said investors were wary amid volatile regional currencies and the economic crises in Japan and Russia. The
      AFP  -  709 words
    • Article
      Lock icon SEOUL
      413 18 AFP P Composite Index -ZM SOUTH Korean share prices closed yesterday 1.2 per cent lower in quiet trade amid falls in regional markets, with profit-taking emerging after recent gains, dealers said. They said the market was expected to consolidate between 300 and 320 points due to the lack of
      AFP  -  413 words
    • Article
      Lock icon SYDNEY
      593 18 AFP nAA Ordinaries -47.4 AUSTRALIAN share prices slumped 1.8 per cent yesterday, as a weak local currency, falls in overseas markets and futures-led selling drove the market lower, brokers said. The All Ordinaries Index fell 47.4. points to 2,560.6. Turnover was 276.87 million shares worth A 51.02 billion. The
      AFP  -  593 words
    • Article, Illustration
      Lock icon JAKARTA
      714 18 AFP Q Composite Index -SJC JAKARTA shares yesterday closed 1.7 per cent lower in line with the region's downward trend, dealers said. A dealer with a local brokerage said overall market sentiment remained poor as regional markets had not fully recovered. "Share prices were lower in early morning trade
      AFP  -  714 words
    • Article
      Lock icon MANILA
      303 18 Bloomberg DManila -20.03 PHILIPPINE stocks yesterday fell for a fifth day, sending the benchmark index to its lowest in nearly six years. The Philippine Stock Exchange Composite Index fell 20.03, or 1.6 per cent, to 1,266.99, bringing its losses to 8.9 per cent in the past five days. Volume
      Bloomberg  -  303 words
    • Article
      Lock icon WELLINGTON
      255 18 AFP n Wellington -3122 RUSSIAN financial turmoil triggered nervousness in overseas markets, pushing the New Zealand market down 1.7 per cent yesterday to a three-and-a-half-year low. The NZSE-40 Capital Index closed down 32.22 points at 1,910.83. Turnover was 40.07 million shares worth NZ570.69 million. AFP A*2 T roo« AN2
      AFP  -  255 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon KL market tumbles on recession news
        391 19 AFP f3 Composite Index -10.98 MALAYSIA'S key stock index closed 3.4 per cent lower yesterday after the government's confirmation that the economy was in a recession. "While everyone has expected negative growth for the second quarter, a figure of such proportions shocked the bourse,"
        AFP  -  391 words
      • Article
        Untitled
        7928 19 INDUSTRIALS '998 Last Pr,- C l. Day Nat Cap Hm. Low CawMny Sale •QOO Law Wl $mH 310 170 Ajinomoto 185 10.2 75.0 148 35.5 Anqkasa 40 -0.5 148 41.5 40 0.9 59.0 290 123 ApoUo Food Hlq 131 1 I 131 131 4.6 52.4 388 108 BerpyaLand 150 unch
        7,928 words
    • WARRANTS & OPTIONS
      • Article
        UMW 2000 warrant: hefty premium
        186 20  -  WARRANT WATCH R Sivanithy THE devastation wrought by the regional crisis is no more evident than in Malaysia, where even blue chips have been whacked to penny-stock levels. The warrants of several of these counters have been highlighted in this column and today, we look
        186 words
      • Article
        Untitled
        3288 20 BONOS, LOANS ft WARRANTS wt *998 Last Vol Day Latt Ouata Av« High Law St no Company Safe »or- COOO) High Law Buyar Sallar Prtca 23.5 8 m 3000 m AMOB c5.5******6 L_. 10.5 7.5 10 20.5 3 3160 Acar W*****1USS 3.5 3 4.5 95 6 3164 Acma ******4 6.5
        3,288 words
    • Article
      CLOB INTERNATIONAL
      2225 20 Transaction date Aug 27 MALAYSIAN STOCKS Qf Qf Vol Day Last Ouota D*v Wv YM Mat M Cap HH* Lew Stno Campany Sal* rOOO) High La» Buyer Sa»er C'»r p/t Smil 135 28 m s 5000 AISB 50c 50.5 -6 673 56.5 50.5 50.5 51 5.0 3J 2.1
      2,225 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      5571 21 Gr Or M Wt '998 Last Vol Day Last Ouote Dl* 01* VM Net Cap Ayg Low StNo Company Soto COOO) High Low Buyer Seller H C'w P/l $m« Price INDUSTRIALS 43 11.5 o 1020 ACE 0ynamics20c... 12 -1 11 12.5 12 12 12.5
      5,571 words
    • Article
      SESDAQ
      961 21 ,tw sff row t c£ wf 134 50 2000 ABR Hidgs 5c 71 I I I T 7i 1 243 30 2049 AS Auto 10c 48 -0.5 86 50 48 47 5 48 15 ON TO tt *c c If 82 48.5 2051 ASJHM*20c 57 t! 5* 2061 Amara
      961 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      77 13 You never actually own a Patek Philippe. You merely look after it A PATEK PHILIPPE for the next geneve generation. Begin your own tradition. s StNOAPOM THE HOUR GLASS Tdkashimoyo Shopping Centre Tel: 734 2420 Scotts Tel: 235 7198* Lucky Plazo Tel: 733 1262 LJ MALAYSIA THE HOUR GLASS* Lot
      77 words
Page thumbnail Page 14
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      987 15 Skandinaviska Enskilda Banken Head Office Kungstradgardsgatan 8, Stockholm, Sweden BALANCE SHEETS PROFIT AND LOSS ACCOUNTS December 31 The Group The Group 1997 1996 1997 1996 SEKM SEKM SEK M SEK M Assets Operating incoma Cash and balances in Central Banks 6,593 4,836 Interest receivable 29 159 po 000 Eligible treasury
      987 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      96 16 hiMbM (film taut "Eat-All-U-CaH* Steamboat KeAtaurant <Atww&pfier& Wawker Trice Mon Sot: Dinner Only Sun: Lunch Dinner Subject to service charge, prevailing govt tax 3% G.S T. tfiapfxy &ie&tauiHuit S on Cil V Hotel, 15 Tonjong Kotong Ad €-moil: lchotel@pocific.net.sg DSShDHmM Full professional after sales service provided. For a FREE copy
      96 words
    • Advertisement
      Page 16 Advertisements Column 2
      17 16 M I run a travel agency. P"** o to rrty success. mm Call Today For Results Tomorrow.
      17 words
Page thumbnail Page 17
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      98 18 3 i A A Montblanc's Ngee Ann City boutique is celebrating ts sth birthday in August. For proud f owners exquisite Montblanc pieces, a A 0 0 f> rare opportunity another Montblanc 1 m lft A with special privileges. Just show us the star on 9 the Montblanc you alreody
      98 words
Page thumbnail Page 19
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      162 20 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT (CAP. SO) AND IN THE MATTER OF CALSSO AMERICA OFFSHORE COMPANY PRIVATE LIMITED (IN MEMBERS' VOLUNTARY WINDING UP) NOTICE OF FINAL MEETING the "> Secoon 308 o# the Comp arte* Act. Cap 50 that c Company will
      162 words
    • Advertisement
      Page 20 Advertisements Column 2
      215 20 cap 50 ANDIN THE MATTER (In Members' Voluntary Liquidation) General Meeting of the abovenamed Company duly convened and held at 70 South Bridge Road #06-00. Prosperity Building, Singapore *****0 on the 28th day of August 1998 at 10 00 a m the following passed 1) R l w?? L ys?i.
      215 words
    • Advertisement
      Page 20 Advertisements Column 3
      47 20 [C R| I With a readership base of 1.2 million, no other I I IT publication comes close. For enquiries or ad I I bookings, call: I I Daisy Chia Tel. 740 2215 I I Pgr. 9593 8678 I I Choo Ging Yang Tel. 740 1641 I
      47 words
    • Advertisement
      Page 20 Advertisements Column 4
      8 20 TURN TO PAG E 7 FOR MORE NOTICES
      8 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      103 21 TO ADVERTISE CALL IN T HE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DIAMOND OFFSHORE (SOUTH EAST ASIA) PTE LTD (In Member's Voluntary Liquidation) NOTICE OF FINAL MEETING Jl°7'5 E J. S HEREBY GIVEN pursuant to Section iOB ol the Companies Act Can sn PUm
      103 words
    • Advertisement
      Page 21 Advertisements Column 2
      78 21 "r f Mp|»j \4j It's even more affordable now! We offer excellent office/industrial space at a very affordable rate. Available from 2.000 sq ft onwards.Come and discuss an attractive rental package to suit your needs. For viewing arrangements, please contact Dennis at 293 3373 or Lynn at 293 3233. aiiv
      78 words
    • Advertisement
      Page 21 Advertisements Column 3
      58 21 I The Export-Import Bank of Korea U*****,000,000 Floating Rate Notes Due 1999 In accordance with the provisions of the Floating Rate Notes, notice is hereby given as follows: Interest Period August 28, 1998 to February 26, 1999 (182 days) Rate of Interest 6.1125% per annum Coupon Amount: U557,725.52 (per note
      58 words
    • Advertisement
      Page 21 Advertisements Column 4
      134 21 LEVIATHAN HOLDING PTE LTD (In Vol. Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap. 50 that the Final General Meeting of the Members of the abovenamed Company will be held at the Office of M/s Wee Seng Tiong Co., 1 Colombo Court
      134 words
    • Advertisement
      Page 21 Advertisements Column 5
      5 21 MORE NOTICES ON NEXT PAGE
      5 words
Page thumbnail Page 22
  • STOCK EXCHANGE OF SINGAPORE
    • Article
      Untitled
      202 22 Sluto ittoiM SingTel 20,861,000 STEngglOc 15,237,000 KeppelCorp 8,167,000 ST Capital 25c 7,664,000 •North Borneo 7,025,000 •M Resources 6,234,000 IPC Corpn 5c 4,754,000 NatSteel 50c 3,479,000 Keppal LandSOc 2,858,000 UOB Foreign 2,457.000 ttacta > SingTel ISc 56,079,153 SPH 28,422,342 ST Engg 10c 23,315,212 DBS Foreign 13,198,241 Keppei Corp 12,929,448 SIA Foreign
      202 words
    • Article, Illustration
      HOT STOCK
      72 22  -  by Shiv Taneja NATSTEEL Ltd closed 17 cents lower yesterday at $1.32 on a volume of 3.46 million shares, compared with its 10-day traded average of 466,100 shares. There could be a technical rebound in the near term, but the lonQer-term trend is negative this despite the daily
      72 words
    • Article, Illustration
      Market hit by Tokyo plunge, M'sia recession news
      644 22  -  STOCK MAKER COMMENTARY Clear interest in a handful of government-linked companies despite afternoon reversal which drags STU down By R Sivanithy [SINGAPORE] The Straits Times Industrials Index yesterday dropped to yet another 10-year low its second this week after news that the
      644 words
    • ON THE GRAPEVINE
      • Article, Illustration
        Graphic reminder
        49 22 ALMOST everyone tends to feel, at some time or other, that meetings are a waste of precious time. Yet, it is still one of those things that few can avoid. With that in mind, the Economic Development Board has this colourful reminder pasted up outside its boardroom.
        49 words
      • Article
        New economic indicator?
        73 22 A TOP US manager based here is convinced that Singapore will emerge from the regional slowdown stronger than ever. His "economic indicator": The American School in Woodlands is bursting at the seams with students. The manager sees this as evidence that major multinationals, certainly American ones, are
        73 words
      • Article
        Homing in on stocks like a missile
        122 22 MUCH has been said about whether the surgical attacks on speculators by the Hongkong Monetary Authority were proper and effective. Interestingly, exactly a week after the government made the controversial move, the US government also launched simultaneous missile attacks on an alleged chemical-weapons
        122 words
      • Article
        Orninouns parallel
        98 22 THE Hang Seng Index is not the only thing that is plunging in Hongkong. On Tuesday, TV viewers in Hongkong were shocked to see footage of a convicted drug addict jump out of a window to his death. The police had provided "support" with an air cushion. Unfortunately,
        98 words
      • Article
        Pressing issue
        79 22 COULD there be too much of a good thing, even in a massage parlour? An ad placed in The New Paper by a sauna/gym/massage centre recently offered "one free for every 10 Taiwanese flngerpress or normal body massage within 30 days". For new customers, we presume that this
        79 words
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      551 22 [business oii ccs I M THE MATTER OF THE COMPANIES ACT, CAP. SO ANO M THE MATTER OF VDO KIENZLE SALES AND SERVICE PTE LTD (In Membera* Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at Sodener
      551 words
    • Advertisement
      Page 22 Advertisements Column 2
      389 22 TOE COMPANIES ACT. CHAPTER 50 Section 290(2) (b) NOTICE or RESOLUTION I*l INTERNATIONAL (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of S B International (Singapore) Pte Ltd held on the 19th day of August 1998, the following special resolutions were duly paaaed: RESOLVED: 1. That
      389 words
    • Advertisement
      Page 22 Advertisements Column 3
      836 22 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 90 LONG AQE (S) PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held at No 62 Lane 307. Pei-Kong Road. Chia-Yi, Taiwan. Republic of China on 25 August 1998. the following resolutions were duly passed:
      836 words
    • Advertisement
      Page 22 Advertisements Column 4
      441 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HYUNDAI SINGAPORE SHIPPING CO PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held at 7 Temasek Boulevard #41 -02 Suntec
      441 words
    • Advertisement
      Page 22 Advertisements Column 5
      515 22 CAESAR PARK HOTELS RESORTS PRIVATE LTO (In Members Voluntary Liquidation) LIQUIDATORS OFFICE 138 Cecil Street #15-00 Cecil Court. Singapore *****8 HOTICEQf FINAL MEETIHfi NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap 50 that the Final Meeting of the Company mil be held at 138 Cecil
      515 words
    • Advertisement
      Page 22 Advertisements Column 6
      462 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND m THE MATTER OF PPL ANIMAL HEALTH PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS Ai an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 190 Middle Road #09-03/04/05/06, Fortune Centre. Singapore
      462 words
    • Advertisement
      Page 22 Advertisements Column 7
      381 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SOCOMAS ENGINEERING PTE LTD NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act. Chapter 50 that a meeting of the creditors of the abovenamed Company will be held
      381 words
Page thumbnail Page 23
  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      315 23 Bridge News, Reuters THERE was talk that a December Panamax cargo on the US Gulf to Taiwan has been covered with freight at only US$l3.OO, but confirmation was lacking. TANKERSi Rates for Americas business ended weaker for Suezmax and Panamax sizes with Suezmax cargoes fixed at almost 20
      Bridge News,; Reuters  -  315 words
    • Article
      MARITIME STOCKS
      198 23 *•5 CWT Dt**r*uttoo _OJS -0.015 87 Chum Hup 0-34 -0.035 1280 rXSXSST'* "°-225 76 2jgMUn*» 0.123 uoch 246 g7"*>|)i 0.17 -0.03 34 H °'*y 0.37 -0.02 20 *0.20 21 5222 r??« HI tm KWMMarM LOO *0.02 KmolToto 0.56 1.49 uoch 10 *«*oc* 0.47 —-0-J® -001 21« 0.54 0.025
      198 words
    • Article
      China's treatment of merchant ships comes under fire
      471 23  -  Conduct of some Chinese authorities questionable, say Bimco, IMB By] Felix Chan [SINGAPORE] Renewed concern over the treatment of merchant vessels and crews at Chinese ports have led two international maritime bodies to lodge an official protest to the Chinese authorities. The
      471 words
    • Article
      Poor watch keeping a more serious fault than negligent maintenance
      854 23  -  ADMIRALTY By\ Selva Kumar AN English Court, which had to apportion liability between two vessels involved in a collision during a severe hurricane, has had to decide which is the serious fault that caused the accident negligent maintenance of the
      854 words
    • Article, Illustration
      Lock icon To be disposed of at last
      49 23 [LONDON] The British government has announced that it was giving final approval to a plan to dispose of the Brent Spar Oil platform (above), three years after environmental campaigners forced Shell to scrap proposals to dump it in the north Atlantic. FILE PHOTO
      FILE PHOTO  -  49 words
    • Article
      Lock icon Chittagong port staff strike
      150 23 Reuters [CHITTAGONG, Bangladesh] Cargo handling at Bangladesh's main Chittagong port came to a halt on Wednesday due to a strike by workers opposing construction of a private container terminal, port officials said. Hundreds of protesters, backed by labour unions, stayed away from work in their bid
      Reuters  -  150 words
    • Article
      Insurance cover for cargo shipments to Russia, E Europe
      397 23  -  World Freight Escorting will also provide security daring inland transit By\ Soh Tiang Keng (SINGAPORE] A British risk management company, WFE (World Freight Escorting), is offering a new facility for Singapore's marine cargo shipments to Russia and East Europe. This service
      397 words
    • Article, Illustration
      Lock icon BA, BAe fly UK into heart of Euro aerospace
      634 24 AEROSPACE INDUSTRY British Airway's large Airbus order on Tuesday signals a governmental push behind BAe's call for pan-European integration AFP [LONDON] British airways, which on Tuesday unveiled a huge order for Airbus jets, and British Aerospace, Europe's biggest defence company, have
      AFP; REUTERS  -  634 words
    • Article
      Lock icon Building blocks in BA behemoth
      202 24 AFP [LONDON] British Airways, which on Tuesday bought a new fleet of 59 Airbus passenger planes, is already a behemoth, the most fre-quently-used airline in Europe and the carrier with the most international flights in the world. BA, which was privatised in 1987, carried nearly
      AFP  -  202 words
    • Article
      SHIPPING SCHEDULES INDEX
      326 24 PACE Express T L M ANL 3 FoongSun 8 Accord 8 Froti 15 Ahrenkiel H Frt Links 16 AppensMp S 6lM 4 Astro 3 Gemartrans Austral 9 Genshw Avert 16 16 B'tangMas 8 Mi^SunMu 8 BSA T Hangh BTl 16 3 to*** IS "«"J* u BWMtw wo*
      326 words
    • Article
      SHIPPING GUIDE
      16085 32 thebusinesstimes EXPORT ETA ETA Advertise VnM< VoyKj* Toiaphona ETA ETA Advartisar Vossai Voyaga Telephone SIN Dasfn N«m Htm* NumOar Numb* SIN Oastn Nam. Nam# Numt»f Numbar mmmmKmmmmmmmmmmmmmmmmmmmmmimmmmmHmmmmm wmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm A 29/00 14/09 MSC Agy MSC MELBOURNE V.001A 45-******90 SAM 11/09 MISC B. TERASEK 251 45-*****22 To ABIDJAN (ABJ) 2003
      16,085 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        639 39 Vwtil VoyHo Btrth Arrival Dapaftara JvaagFart An Gianq J 7/98 J03 atoafsid* 28.08/0500 Bt C Indre 2 *****8 J01 (tengsida 28.08/0800 It Jabai ft 2 0)0898 J01 atongsida 28.08/0*00 Bt MM Jays *****8 JOt atongsida 27.08/1900 It MustHu *****8 J01 ilongiM* 28.08/0600 Bt Nurdwu AUG27 J01 itengsida 2108/0700
        639 words
      • Article
        CONTAINER SCHEDULES
        1527 39 RECEIVING OF EXPORT FCl COMTAIWERS AMD LCI CAROO Booking/Mine* Rstls SMp Voy No Ett/ttr Nrtod Frow T« Fret to mit om* »moe it vmoo 27/899 rrmt 27i»c 27/1*99 irmoc a 27/1700 24/0451 21/090C 2« 27/1700 21/0*51 21/0100 I 20/050 tvim 21/1400 4 21/000 20/1494 20/1700 rnrnm Jm io/uoo
        1,527 words
      • Article
        GLOBAL HOLIDAYS
        188 39 AagSL Luxembourg: Luxembourg City Kermesse. Malaysia: National Day. United Kingdom: Summer Bank Holiday. Bopl Canada: Labour Day. Hong Kong: Day following Midautumn Festival. United States: Labour Day. Bop 15 Japan: Respect of the Aged Day. Bop 18 Mexico: Independence Day. Bap 23 Japan: Autumnal Equinox Day. Bop 24
        188 words
      • Article
        COCKETT BUNKER MARKET REPORT
        774 39 THIS rapon. compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single pneesfor a mere comprehensive description of me Prices shown are baaed on average«iaed stem Market movement! an Indicated The Cockett Bun har Price Indei change and the Individual chances
        774 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        380 39 CfftM WO Mu 992.0 0J 19.9 0.09 72 0.05 km 20 ftMMltr Mi Mfn Ml Itrnktm SiM No Mom £25 2 0 0 r 380 Am 967.5 0J US 0.06 31 043 Cum 300 Mu 992J 0.9 19.2 0.H m 046 M/yj ww mm noMomMS it
        380 words
    • AIR&LAND TRANSPORT NEWS
      • Article
        Lock icon Tata group slams union opposition to airline project
        340 40 Proposal in full compliance with Indian govt policy AFP [NEW DELHI] India's largest conglomerate, the Tata group, on Wednesday slammed a state-owned union for opposing its plans to launch a private airline together with Singapore and US partners. The Tata group accused
        AFP  -  340 words
      • Article
        Lock icon JAL pilots join in call for better flight safety
        456 40 Pilots from int'l carriers discuss BA-American alliance Bloomberg [TOKYOJ Pilots of Japan Airlines Co, Japan's largest airline, joined counterparts from 10 other international carriers to call for safer flight conditions for cockpit crews, in a bid to protect pilots' interests in
        Bloomberg  -  456 words
      • Article, Illustration
        Lock icon Japan's domestic car output plunges
        544 40 -Bloomberg [TOKYO] Toyota Motor Corp and three other of Japan's biggest automakers said domestic output fell by double digits in July compared with the same month last year as sales in Japan plunged and exports to South-east Asia fell. Output at Toyota, Nissan Motor Co,
        -Bloomberg; FILE PHOTO  -  544 words
      • Article, Illustration
        Lock icon PAL workers' rallying cry
        80 40 [MANILA] Retrenched flight attendants of the Philippine Airline (PAL) stage a rally outside the PAL office in Manila to denounce alleged discrimination in firing some s,ooocrew members and 200 pilots as a private company security guard (left) mans the main entrance yesterday. The financially-troubled airline sacked
        AFP  -  80 words
      • Article
        Lock icon China airline does not expect to buy jets
        393 40 Reuters [HONGKONG] China Southern Airlines Co Ltd said on Wednesday it did not plan to buy any additional aircraft in 1998 due to the slowdown in the Chinese economy. "In recognition of the slowing economic development of our country, we do not
        Reuters  -  393 words
      • Article
        Sale orders 2 more A320 planes
        234 40  -  By Felix Chan [SINGAPORE] Singapore Aircraft Leasing Enterprise (Sale) has converted a further two options for Airbus A 320 aircraft. With the latest conversions, Sale has 18 firm orders 17 A32os and a single A 321 in addition to a further eight options. Deliveries
        234 words
      • Article
        Lock icon Dutch court rules against KLM pilots' strike
        305 40 Bloomberg [AMSTERDAM] KLM Royal Dutch Airways NV, Europe's fourth-largest air carrier, has won a court ruling preventing its pilots from striking in solidarity with their counterparts at Northwest Airlines Corp, KLM's main partner. A court in Amsterdam ruled the union would have to
        Bloomberg  -  305 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1659 40 QH FU6HT ETA FUCHT ETC S0325 1710 ****** 2359 WM ww om MOS soztot zjs* Amtartaa ****** 0755 M.844 0040 M—to SOW* 1700 $0990 0B5 $0327 0755 GA974 2255 Um«z1io« HK S0803 1905 C2354 0910 U.837 1455 K1838 2300 COS 2X5 ***** 1020 £5! 1310 ¥1(742
        1,659 words
  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      15 23 BA,BAefIyUK into heart of Enro aerospace Carrier's large Airbus order signals governmental push. Page 2
      15 words
    • Advertisement
      Page 23 Advertisements Column 2
      222 23 Tata group slams union opposition to airline project Proposal in full compliance with Indian govt policy. Back Page Booking deadline 10 September 98 i L -J MARTECH 98 International Conference Exhibition on Maritime Safety Resource Management 2000 (organised by Singapore Polytechnic and Maritime Port Authority of Singapore) Appearing on the
      222 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      1144 24 I NORTH AMERICA I I EXPORT I I OTHER DESTINATIONS I »»X.BUPtHaWmiP(PBIBB-I)WtCTTOU> HFll WI»TCOA»TOyCeWTWAI.AMaMCA|MAfMMHtTABCTVtCE) VBSa m (MSN (MS* |in Ml MM OK NT MOKDarr vtM vor fm ppuygnfi u«in*.™. I .A... Zn ooaauram SOf" M/M m/m ii/m is7W h/m 17/ M iT7R J csav santos n» m/m is/m h/i« 17/
      1,144 words
    • Advertisement
      Page 24 Advertisements Column 2
      639 24 Unas services representee) t>y Memoers o» the Registry o< Singapore Freight Forwarders \»slmm?J Accredited Shtppmg Agents UJUW Association Singapore Shipping Association NORTH WEST EXPRESS LINE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO TO DAMPIIR/FREMANTIi (MONTHLY SIRVICI) MV "ARKTIS TBN" ETA SIN 20/09/98 BOOKINGS CALL JUUA/MONICA TIL 323 4374 vessel MV. NIAGA 56
      639 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      1031 25 TO EUROPE FROM EUROPE VISSE VOY Si IIM IM HAM MtV SOU FIT liH VtSSfl Wl_ OTW AW NAM WY SOU WT IW SMI HYFHMAI 11JW 31/00 17/09 19/09 H/09 14/09 HTWGHNBS 3121 07/01 00/01 -11M05 04 29/00 TNAMfS SSOW 03/04 »/0» 23/00 24/00 21/00 HAAS S2« 00/00 11/00 14/00
      1,031 words
    • Advertisement
      Page 25 Advertisements Column 2
      2058 25 HANJIN SHIPPING HANJIN SHIPPING (S) PT! LTD I«» /A*m. Iwp can MOUK 37*0735 737 SALIS 37*0774 731 OOCUNBIT 3M0771 774 OPHAIIOKS 37*0741 757 MAM DM *****55 fAX ******0 aMh 11 *****0000N TO NW USA A CANADA CANADA* K* VU/VOY |AM SJM U*HAU VOY «A TTW TIM 09 MSP TtT r
      2,058 words
    • Advertisement
      Page 25 Advertisements Column 3
      378 25 F UILY CON TAI N 1 ***** PP'PICA T» P SIKVICBI Ytssa w_ _sij_ ncs voy sir hc ra. usn wis |«ssei iwy i sir jhe Itor inr I sir I jkt I KMTC HONGKONG OOSS 23/00 2S/00 MSN 30/01 01/09 03/09 04/09 W' I ffiijjj I {ill KHI MKfOSAN
      378 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      1211 26 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEDITERRANEANCANADA rjjjja vot rsni** i»* i«»a iw r»i*d fig in* \n% im hot PUGWAWttKATOfI WNB3O 0100 11H MM 21M 23 M MM 27 M CMJTOMMKMTM WMtM DM 14 00 MM 8M 24 M MM Mil tmocmwie warn mm an s.m qn sn 27m mcwcknator
      1,211 words
    • Advertisement
      Page 26 Advertisements Column 2
      799 26 PM &M»RE M'SIA FISS/V-d alfi%JS£tq *GUOANG:(O7)*W7» PENANQ (04) *****36 MAMLA:(632)*****34 pWass, m K liWa SSSggg XINGANG MANILA MV "FRANCONIA" V.FNAI6S ETA SIN: 29/08/98 MV PIYA BHUM VIO4E ETA SIN: 31/08/98 HAjPHONG CANADA MV "MEUNH" V.E3208 MV "HANJIN FELIXSTOWE" V.042E ETA SIN: 05/09/98 ETA SIN: 30/08/98 HONGKONG HAM/RTM/FXT MV ''COLOMBO BAY"
      799 words
    • Advertisement
      Page 26 Advertisements Column 3
      433 26 LINE muara labuan vKsa vot ni tn vtssa yoi ni m SPORE MUARA STORE IN jjroskr vjie/w su> m/m imsra viii/n su> si/w APRK GUMtT mum 31/ M 03/ M AfnOOfT V2H/W 11/ M M/M IfROSPER V22E/90 M/M M/M J.WOSKR Y72E/W M/M M/M tftkGUMV V2X/W M/M 12/ M *«tGU*T V2X/W
      433 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Page 27 Advertisements Column 1
      1376 27 I VESSEL VOY SIN POU PKO PEN POB PUB SHJ IBA BIK 1 IRAN TEYFOURI PJL 1302 22/08 30/08 31/08 31/08 01/09 IRAN VAHDAT PJL 1290 08/00 08/00 19/00 IRAN MATIN PJL 1308 24/09 02/10 03/10 03/10 04/10 PoB= Mini Qiboos, DUB Dubai. SHJ Sharjah, BA Bandar ADbai, BIK Bandar
      1,376 words
    • Advertisement
      Page 27 Advertisements Column 2
      1586 27 DIRECT TO ISRAEL 1 IN 13 DAYS I EVERY THURSDAY I I rnuia ii. 6 SM!KTO W Y IHHtmi FAX: ***** M OUTWMD DAI GPTIITO *21™ «swi/4» mwuoMrr ID/01 4J057.5 COSTAR A6ENCIES (M) SDN BHD S£J/oo* SS» 1 w M mmws.uamn/mm wrass moan awtte t»/m 02/w ovw I w/w I
      1,586 words
    • Advertisement
      Page 27 Advertisements Column 3
      525 27 EASTERN CAR LINER, LTD. "Ti'SS,?" LlLl ECL (SINGAPORE) PTE LTD SPECIALIZE m KOHQ fc HMVY UFT UPTO 122 TOWS f UO LOADING FOR PORT KLANG/BINTULU ROTTERDAM/IMMINGHAM MV "SPRING OCEAN" V.IS MV "TEN" ETA SIN 03/09/98 ETA PW. 04/09/98 ETA BTI 08/09/98 05/09/98 20/10/98 cTA IMMINGHAM 26/ 10/98 PORT KLANG/COLOMBO YANOON/CHITTAGONG
      525 words
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Page 28 Advertisements Column 1
      1277 28 EUHOP£/UK/SCAKWMAVWRMWNOfIJJMIA •qb RnM AMW HBG IMP ZEE IHV I LHV THP RON ANW HBO PKL SOP OELUXE RWOB4 20*8 17*0 21*0 10*0 20*0 21*0 22*0 E 6LOWIHGIRE-04S 01*8 83*8 02*8 04*0 08*8 31*8 E DELIGHT RW-004 06/W 2&M 3MI 2Mt 2MI »W f £SSS £2i ~2 u E DIVINE RW-001
      1,277 words
    • Advertisement
      Page 28 Advertisements Column 2
      484 28 nips Mil siS SSEfeMfl Unas I I §mj y Bp WR^K^F^EW^nWPTfWffWlHffrP^^^^l m^mmmmmmamm^nam J*!!*! V *T—» s»w DwWi ttri P.EfaU* cm. OJUrts M'»M» Pi Sin bnhKiCwfcif E0045 04/W WW It/W iVW 70/01 74/04 01/10 03/10 05/10 InteftgtKe CoMaocf ICBMS 11/W 23/04 25/04 25/04 27/04 06/10 01/10 10/10 11/10 frwlW* tqpfi rn
      484 words
    • Advertisement
      Page 28 Advertisements Column 3
      449 28 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vtsai voy I si I nu I out I cpt 1 t/wT NAMUIQUEBI V.o2* 31/01 W/W 13/W 11/W 21/W mtdOMM VOWS 07/W 17/W 21/W ?t/W jjjjWNßjjg VO24S IS/M W/W 03/10 NANUI VENUS VOWS 73/09 02/10 04/10 11/10 lj/10 auaMMW vooTs 30/w
      449 words
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      417 29 BSA lLu M MYANMA wBBk FIVE STAR UNE (Myaanar Nattooel li«o) Loading for Yo«go« (Rongoo*) VESSa VOY SM PKI P« P«U SITTVUI 01W SID PATWIN ISOW SIO MALAYSIA AGENTS: OOUSTEAO SHIPPING AGCNOES KUL TH (03)*****00 PKL TH (03)*****01 PBt TH (04) *****4] PGU: TH (07)*****21/4 BANK LINE (A sfWco .1
      417 words
    • Advertisement
      Page 29 Advertisements Column 2
      1196 29 hyundaimerchantjjaarineco^TD^^^^^^ ivkw voT M" "J i «nt ham orv a ifraa voyi sou i ibi i rtm ani I ham I orv I a I 81 I TTNI SZSW 20/00 11/0* I*/01 13/00 15/0* HYMGMCSS 318 05/00 11/01 01/00 01/00 J»/00 HYHMRAL 313W 31/01 10/W 17/00 10/00 22/0* MMS 524*
      1,196 words
    • Advertisement
      Page 29 Advertisements Column 3
      989 29 norwegion ip«uA»ri atfoaxmn (Bsgoe M ™rr32z, u -->/—»»««• |VESSB VOY RAMP HBGHT SIN UX CU MIA SAV ML Okf NYC NEW MOR ttUiOT fill 4Miw urn lo7of "Wio"Wio n/w 24/10 Wio~ 27/10 it/10 Wn" 057n~ TAMPER E Ftl9 4001 m 6.3 M 24/09 23/10 01/11 04/11 00/11 01/11 09/11 10/11
      989 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Page 30 Advertisements Column 1
      1843 30 mwoiMw TA PMUT/lAH cmmwol 1 JAKAWTA/pawj^WO VESBCL VOY SIN BKK MTP LCH~ VESSEL VOY aN JKT PJW RATHA BHUM 28W 29/06 02/09, 01/08 P€JA BHUM 7628 29/06 02X39 MATHU BHUM 378N 29/08 02/09 TRANSCOWP OW 29/08 01/09 1 YANTRA BHUM" 2S6N 30/08 02/09 03/09 ACX JADE* 31/06 WN CHANA BHUM**
      1,843 words
    • Advertisement
      Page 30 Advertisements Column 2
      35 30 LNS EXPRESS (S) PTE LTD Blk 217 Henderson Road, #01-04 Henderson Industrial Park. Singapore *****5. CR NO: **********0/H /Mr-Sea International freight Forwarder! MUARA I Also accepting Heavy Lift Project Cargo Tel: 65-276 7996 Fax:6s-276 3740
      35 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Page 31 Advertisements Column 1
      389 31 INDONESIA NATIONAL LINE TO EUROPE 1 EXPRESS SEMt-COMTiUNERtSED SERVICE ~VU VOY I S PORE A'OAM/fI'DMI HIUR6 IREMENI ANTWERP YEIIEL 29/10 25/10 OMIT M/ 11 TO AUSTRALIA FULL CONTAINER SERVICE VS. Ivor TCHST fflE WE STD WEI HM MM. fflE m.mm mt zimttm mm tw urn vm am API EMERAU) MS
      389 words
    • Advertisement
      Page 31 Advertisements Column 2
      762 31 f asaafllf pacific international unes (pte) ltd l I 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I CR NO: 100e*****00E reySs VOY m m \ni m wa wo »a a* m mI a I IUMA AUSTIAIIA Lit 323 29/0 31/0 H/9 14/9 U/9 >4/9 IT/% Ikota pirtama ptmou S3
      762 words
    • Advertisement
      Page 31 Advertisements Column 3
      869 31 VOY I JED I MLA LEH HAM THP RTM ZEE Vt-LE D 6 AWTARES L27W 31/08 08/06 13*08 19/06 aVOC 22/08 32/00 23/OC VMf DEVMQO S27W OT/OO 15/09 20*09 26/06 27/09 29/06 29/06 30/06 VK-LEDEVB-A NZ7W IVOB 23/09 28*09 04/10 06/10 07/10 07/10 08/10 VK-LE OE GEMO4A HZ7W 24/06 02/10
      869 words
Page thumbnail Page 32
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Page 33 Advertisements Column 1
      53 33 I I VaTil STe£| Dial 740-6000 on demand —mmJ (Retrieve more schedulesl) Press "1" I CT jpv Select the port and key in ttJ^efourdigitcode eg: To New York (NYC) 2275 Key in your fax number STB*J Enter your phone number Another innovative service offered by The document Wlfl be Shipping
      53 words
Page thumbnail Page 34
Page thumbnail Page 35
  • Page 35 Advertisements
    • Advertisement
      Page 35 Advertisements Column 1
      49 35 Dial 740-6000 on demand 1 (Retrieve more schedules!) Press *V Select the port and key in 5K] the four digit code eg: To New York (NYQ 2275 m Key in your fax number SrakjEnter your phone number Another Innovative servke offered by T^e document Will be SHIPPING TIMES !ab/f%ass£,
      49 words
Page thumbnail Page 36
  • Page 36 Advertisements
    • Advertisement
      Page 36 Advertisements Column 1
      1901 36 -*o— SAMUDERA SHIPPING LINE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARO) *****69 (INWARD) TLX: R*****0 CR HO. **********00 BOOKIIIBS CALL DIRECT LIME; *****41/43 JE^ICA/CELIA/MEICHAN 7 SLGS/WEEK 2 SLGAVgEK VFIHfI VOY SM JAK VESSEL VOY SIN PLB DGRAJAT 1314 29/08 (SAT) 01/09 (TUE) TWADIKA
      1,901 words
    • Advertisement
      Page 36 Advertisements Column 2
      501 36 rrrg Singapore Soviet Shipping CPL CMtIOOSOtMOOON k\\l MuHftne Shipping PI nmiy-OMdSMvT) an* **********0 C VESSEL VOY SIN BOM PNG PKL KOTA RUKUN RKNOII 29/06 06/09 18AM 10/09 KOTARATU RTUOI9 05/09 13/09 25/09 26/09 BUXMOON 117N 14/09 22/09 04/10 06/10 VESSEL VOY SIN CALCUTTA SIN NOGLIKI 207/98 [30-31/08 05/09 15/09 TOMARI
      501 words
Page thumbnail Page 37
  • Page 37 Advertisements
    • Advertisement
      Page 37 Advertisements Column 1
      947 37 i ASIA MEDITERRANEAN EXPRESS (AMI) WESTBOUND SERVICE > VESSEL VOY SIN CMB PIR IA SPEZIA I VIC I LEH I FXT ANT I NOR SINGA 9834-3 30 AUG 05 SEP 13 SEP 16 SEP LS_S££ 22 SEP 23 SEP 24 5£P MSC MONICA 9835-3 08 SEP 12 SEP 22 SEP
      947 words
    • Advertisement
      Page 37 Advertisements Column 2
      1486 37 IVBsa/voMGi m uZ NTKANUKS 00WA34 2740 1249 U49 MM Vfttt/VgWfl WU ITM 1 HAM 1 t» I STOW KOK HACOTA 9WOI IWXTO y r S-*yf oWtD #SWUS olw 1949 2149 7109 MJ9 W*«OTTHKWU» 021A31 DIM 0101 OiN KOI KJI 31.01 01.09 0109 0109 KM ROTTESDAM 02WA34 10.09 2109 2109 79J9
      1,486 words
    • Advertisement
      Page 37 Advertisements Column 3
      129 37 <®*TOYOFUJI SHIPPING CO, LTD. MULTI-PURPOSE VESSEL FOR RO/RO, CONTAINER I BREAK BULK CARGO vtssa Ivoyl pi|sw|MT|n[n[jnr PfIPWNUS 52 04/09 01/09 10/09 14/09 22/09 TRANS FUTUIII I 13/09 15/09 29/09 TRANS PACIFIC 5 S3 20/09 22/09 24/09 27/09 21/09 07/10 FDtG U 194 127/091 [29/09) [IS/10 AGENTS: SINGAPORE FUJITRANS (S'PORE) PTE.
      129 words
Page thumbnail Page 38
  • Page 38 Advertisements
    • Advertisement
      Page 38 Advertisements Column 1
      900 38 I VESSEL WYSttTr MAA SIN I TIGER BRIDGE 645N 30-31/06 05-09/09 14-15/09 I TIGER BAY 646N 02 0309 07-12AJ9 17-1&09 I TIGER ISLANO 647N 05-06*09 11-17/09 21-22/09 I TIGER WAVE 648N .10-11/09 16-20/09 2S-26KJ9 I TIGER BRIOGE 649N 14-1&08 20-24/09 29-3009 I TIGER BAY 650N 17-1&09 23-2&09 93-04/10 IVESSEL^^voyshJ^^CA^^SU^I SIN
      900 words
    • Advertisement
      Page 38 Advertisements Column 2
      733 38 FREIGHT LINKS EXPRESS Tol: *****66 (60 Linos) Fax: *****33 E-mail: flosin©singnot.com.sg REGULAR CONSOLIDATION SERVICE ALEXANDRIA/ BUENOS AIRES/ CEBU/CALIAO/ COLON, PANAMA/ ISTANBUL/ IZMIR/ lAEM CHABANG/ MALTA/ MEXICO CITY/ MANZANILLO/ PASIR GUDANG/ SAN ANTONIO, CHILE/ SANTOS/ SHANGHAI Overseas Offices Hongkong *****113 flmsOasiaonlino.not Port Kelana *****40 flameim. i Jakarta k *****48 S° raba
      733 words
    • Advertisement
      Page 38 Advertisements Column 3
      1187 38 OOCL (Stnoopore) Pte Ltd CFS Keppel Disfrpk 79 Amm Rm4 #21-04 (S) *****6 8* 513 #01-128 CR NO **********0H W: 272 7«27 f V&j, O@OB "'""'nn.M-'n'i', mms "**> (Malaysia) Sdn Bhd No: *****2-U) co f I hs! I PETAUMG JAYA fat 03-756 776 F.X.-03-7565 342 PEMANG W: 04-*****45/ I Fu:
      1,187 words
    • Advertisement
      Page 38 Advertisements Column 4
      45 38 ETA ETD TROPICAL ROSE 24/06/96 26/08/96 PHNOM PENH JUN 3 26/06/96 27/06/96 VUNGTAU JUN3 IQWB6 12W96 S6MNOUKVKXE (30 TON DERRICK AVAILABLE) THE NEW STRAITS SHIPPING CO. (PTE) LTD SI ANSON ROAD M6-U ANSON CENTRE SINGAPORE 0607 TEL: **********0022 TLX RS23ISO FAX *****68 CR NO 114M7—
      45 words
Page thumbnail Page 39
  • Page 39 Miscellaneous
    • Miscellaneous
      Page 39 Miscellaneous Column 1
      131 39 11^ LEGEND: R Thunderstorm Tempecoture c A V Shower Weother Wind direction with speed in knots ee Rom Cloudy Sky Wow# height Wfoce wind* or* indicate by orrow, Hy witfc tfc. wind C d caknoNight ond voriaNt w*d, I__ On. ha* «.ch. 5 knot. I— On. Ml Heche represents 10
      131 words
Page thumbnail Page 40