The Business Times, 9 September 1998

Microfilm: NL21222
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    17 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c SINU• A P 0 R E Internet: http://business-times.asial.com.sg/ WEDNESDAY, SEPTEMBER 9,1998
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  • Article
    MARKET SUMMARY
    61 1 MBJB (+6.58) □SSVim* nVTOOMP U «U7 (-14.11) U"*" BDB9CIFOTUIES 132.40 (-3.7) CI HABKBTMOOD: mm Mixed 8IWX KAIKET OOMCES Tuesday Change KLSE COMP «W NIKKEI 14,113.41.1—+123.43 HANOSENG 8,l»i6_+1114t SET INDEX 211» -7.71 JAKARTA COMP —330.41 4.40 MANILA COMP _1.1B.88 TAIPEI WP1 W412I—+141^3 SEOUL COMP tXX -1J7 CLSA CHINA B
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    FINANCE
    73 1 ran mrs us* ss UBS 1.732 £(USS/Slper£) 1.668 1871 Mi 1.7X8 1.002 YEN 131.9 L3I3* III 8.800 0.466 HKS 7.760 0123 BAHT 40.66 0.M3 KJPIAH 11,600 0016 'Sttoioeunta PUKE BATES SINGAPORE* 7.88 KUALA LUMPUR 11.50 JAKARTA 28.00 BANGKOK 14.75 MANILA 22.90 HONGKONG 10.25 TAIPEI AN SYDNEY &45 TOKYO ±m
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  • Article
    ST Group makes reverse takeover of Vickers Ballas
    897 1  -  Vickers to be merged with ST Capital to form group with assets topping $2b By' Wong Wei Kong [SINGAPORE] Singapore Technologies Pte Ltd (STPL) is staging a reverse takeover of Vickers Ballas in a deal that will merge the broking firm with
    897 words
  • Article
    KL stock market dives 21%
    692 1  -  Foreign funds cash in; Dr M hints at relaxed rules on gfiarA financing From, Meera Tharmaratnam in Kuala Lumpur MALAYSIA'S benchmark Kuala Lumpur Composite Index plunged 21.5 per cent yesterday its worst percentage fall ever as foreign fund managers, whose fluids have been effectively locked
    692 words
  • Article, Illustration
    Lock icon Lying in wait for a clash
    82 1 [JAKARTA] Indonesian students lying on the pavement outside Parliament early yesterday as anti-riot policemen watch. More than I,ooostudents protested outside Parliament on Monday to demand the ouster of President B J Habibie and about 300 remained on the grounds till early yesterday morning. Witnesses
    REUTERS  -  82 words
  • Article
    D-day for KL shares on Clob
    683 1  -  By Ven Sreenivasan [SINGAPORE] Holders of Malaysian Clob shares will have a hard decision to make today, and little time to make it, as prices may swing either way when trading resumes today after Clob's closure last Friday. Prices could fall if investors dump
    683 words
  • Article
    Lock icon Dow surges 229 points at 1pm
    86 1 Reuters [NEW YORK] Wall Street stocks soared in early afternoon trading yesterday as growing hopes for a US interest rate cut fuelled a powerful rally from last week's headlong 411-point slide. By Ipm EDT, the Dow Industrial was up 229.15 points at 7,869.40. Volume
    Reuters  -  86 words
  • Article
    Dr M tells Umno: Anwar sacked for low morals
    1234 1  -  Ex-deputy also accused of plotting leadership takeover, mishandling economy From Yang Razali Kassim in Kuala Lumpur A SPECIAL Umno party meeting called yesterday to clarify the sacking of deputy premier Anwar Ibrahim heard Prime Minister Mahathir Mohamad blaming his former heir-apparent
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      133 1 PHBPB NW& Sapt 23 fete The National Wages Council will be reconvened on Sept 23 to review wage guidelines, says the Ministry of Manpower, Pf 5 Gin&mfyfcr interview BT catches up with Chief Economics Minister Ginanctyar Kartasasmita, the man fighting to put the Indonesian economy back on its feet, Pg
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      5 1 ♦Soda! unrest fears, Pg 7
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      16 1 Full reports on ST Capital, Vickers' earnings, Pg 15 ♦HaHw^hilUfl r .rty>mdiiifaB T «ay«nif.^^r Pg 7
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      160 1 Anwar on mx, sodomy, sedition Ousted Malaysian deputy prime minister Anwar Ibrahim tells Yang Razali Kassim his side of the story. m See Pg 3 UHRIJ j Invented for you x» Type XX Aeronavale chronograph has a doubly prestigious heritage. It is true to the inventive spirit of Abraham-Louis Breguet,
      160 words
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      13 1 We will not reinstate Anwar: Dr M, Pg 2 More reports, Pg 2
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  • CHANGE IN MALAYSIA
    • Article, Illustration
      Lock icon We will not reinstate Anwar: Dr M
      784 2  -  10,000 turn lip at Anwar residence as reform movement gathers steam From, Eddie Toh, Ruth Wong in Kuala Lumpur MALAYSIAN Prime Minister Mahathir Mohamad yesterday declared the door was closed on his sacked deputy Anwar Ibrahim being re-ad-mitted to the country's dominant political
      AFP  -  784 words
    • Article
      90% of OCBC ringgit depositors go for US$
      346 2  -  By\ Clarissa Tan [SINGAPORE] Nine in 10 OCBC Bank customers with Malaysian ringgit deposits opted to convert them to US dollar fixed deposits, a bank spokesman said yesterday. The remaining 10 per cent decided to remit their ringgit through telegraphic transfer to
      346 words
    • Article
      Lock icon I have evidence of conspiracy: Anwar
      707 2 He again abandons nationwide tour for fear of arrest Reuters [KUALA LUMPUR] Malaysia's sacked finance minister Anwar Ibrahim said yesterday that he has evidence of a conspiracy by senior government officials to "assassinate" him politically and he could not leave his home for fear
      Reuters  -  707 words
    • Article
      Bank Negara eases ruling on ringgit contracts
      306 2 Settlements can now be made on dates of maturity instead of today [KUALA LUMPUR] The Malaysian central bank is now allowing all outstanding ring-git-related transactions entered into before Sept 1 to be settled on their respective maturity dates instead of today, the previous
      306 words
    • Article
      Traders bet on new RM products
      484 2  -  By I Siow Li Sen (SINGAPORE] Singapore forex traders who have had a scintillating first half-year are hoping the fallout from ringgit currency controls will be muted, but no one is holding their breadth. Rumours are already flying on which ringgit trader has been
      484 words
    • Article, Illustration
      Lock icon Anwar on sex, sodomy, sedition
      1506 3  -  Amid receiving visitors at his home in Plaza Damansara, ousted Malaysian deputy prime minister Anwar Ibrahim took time to answer questions posed by TAMO g*gg"f yesterday on the allegations against him YANG RAZALI KASSIM Q: PRIME Minister Mahathir Mohamad's leadership says the issue you are
      AFP  -  1,506 words
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      261 3 p 1 As you begin your search for the ideal home theater audio system, ask yourself what's important: Is it the size of the equipment? Ui It has long been assumed that bigger equipment means better sound. Not anymore. Bose* Lifestyle* systems allow you to enjoy better sound with less
      261 words
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  • FOCUS: MONEY MATTERS
    • Article, Illustration
      Lock icon Good news for now, worries a year on
      1153 4  -  Investors committing funds to M'sia for a year should grasp the downside By i Larry Wee YOU HAVE to say it's nothing short of breathtaking. After Malaysia announced exchange controls, the benchmark KLSE Composite Index jumped from a Sept 1 close of
      Compiled by BT; Source: HypoVereinsbank  -  1,153 words
    • Article
      Is the mark getting too strong?
      509 4  -  German unit has soared despite uncertainty in bank exposures, politics From Neil Behrmann in London ON the face of it, the Russian rouble's crash should have damaged the Deutschemark. Instead the mark has soared 3 per cent against the dollar in the past month,
      509 words
    • Article
      What next for the Singapore dollar?
      385 4 ANALYSIS [SINGAPORE] Given current headline news, it's difficult to assess the immediate prospects for the Asean currency bloc. But from IDEA'S perspective, opposing forces could result in fairly narrow trading bands for regional currencies. Above and beyond uncertainties over Russia, the Dow's direction and
      385 words
    • Article
      Lock icon THE WEEK AHEAD
      346 4  -  Compiled by Larry Wee ANZ (ANZInvestment Bank) ABN-Amro (ABN), Independent Economic Analysis Holdings (IDEA),MMS International United States Friday: Prices at the wholesale level should benefit from lower oil prices, says IDEA. Against July's 0.2 per cent rise, a 0.1 per cent fall is widely expected (ANZ, IDEA
      ANZ (ANZInvestment Bank); ABN-Amro (ABN),; Independent Economic Analysis Holdings (IDEA),MMS International  -  346 words
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      158 4 Lose a little weight. < Wear a lighter watch. i IV b Chrono-Automatic. ttMHMIIBMW' Case and bracelet Also available in steel s and yellow gold. IWC .%u~tu~S9£U&S/L. S&4&. ttd*n fSOS http://www.iwc.ch Singapore: Asia Watch Centre Ptc Ltd, Tel: 440 4208 Chew Cheong Watch Centre, Tel: 734 5096/7 Cortina Watch Centre
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Sharp fall in employment expected to continue
      589 5  -  Situation more serious than that seen in 1985 recession: consultant By Eugene Low THE sharp drop in total employment in the second quarter is not surprising, and is likely to worsen, economists and consultants said yesterday. Remuneration Data Specialists' (RDS) managing consultant Peter
      589 words
    • Article
      National Wages Council to reconvene on Sept 23
      248 5  -  Review needed as economic situation has deteriorated By- Audrey Tan THE National Wages Council (NWC) will be reconvened on Sept 23 to review wage guidelines. In a statement yesterday, the Ministry of Manpower (MOM) said the NWC's guidelines for this year issued
      248 words
    • Article
      SP studying centralised cooling idea for New Downtown area
      473 6  -  Work on services tunnel may be held back till feasibility study is done By Ronnie Lim CENTRALISED air-condi-tioning not just for one building, but for the entire New Downtown area this "district cooling" plan is one of the new business opportunities
      473 words
    • Article
      Plan for the long term, Yock Suan tells businesses
      447 6  -  By. Audrey Tan SINGAPORE companies must look beyond the current crisis and plan for the long term, Trade and Industry Minister Lee Yock Suan said yesterday. Speaking at the Trade Development Board's (TDB) awards and scholarship presentation, he said that while
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    • Article, Illustration
      Lock icon Contract values down 37% in July
      313 6  -  EYE ON THE ECONOMY Construction By] Diana Oon THE value of contracts awarded which had fallen by about 30 per cent in each of the first two quarters plunged again in July, by 37 per cent year-on-year as private sector work all but dried
      Source: CIDB  -  313 words
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      334 5 [Hao] The 1~ finest. Redefined at the Hainan c Mandarin. Where W everything is place to ensure a gsgMEWSgpr'-: *< SBHEsajSE MKYSHS < £B£® splendid stay. Spacious rooms and 6 suites. Superb club floors with full J business facilities. The best dining on I A the island. State-of-the-art fitness B
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      1079 6 ll] ROLY INTERNATIONAL 111 HOLDINGS LTD. (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 1998 Annual General Meeting of the Company will be held at Ballroom 1, Level 2, Hotel Inter-Continental Singapore, 80 Middle Road, Bugis Junction, Singapore *****6 on Friday,
      1,079 words
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      240 6 PERKS talks to I Enterprise HR I Systems! I PERKS interfaces to external tfR Systems. If you are using Enterprise HR Systems, talk to us about how PERKS imports the masters and transactions automatically and generates the payroll according to Singapore regulations and practices. Best of all, there is absolutely
      240 words
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  • REGION
    • Article, Illustration
      Jakarta's main aim is cutting inflation: minister
      517 7  -  Reforms on track; govt closely watching developments in Russia and M'sia From Shoeb Kagda in Jakarta CITING the continuing social unrest in the country and the economic meltdown in Russia and the rest of Asia as major threats to Indonesia's economic stability, Chief
      517 words
    • Article
      Lock icon Polls in the air as Thai constituencies are redrawn
      202 7 BANGKOK AFP NATIONAL elections in Thailand have moved a step closer with the announcement yesterday of the redrawing of 400 constituencies nationwide. The National Election Commission said details of the new boundaries would be tabled in the Royal Gazette later yesterday
      AFP  -  202 words
    • Article
      Lock icon Police clear anti-govt protesters from Phnom Penh square
      248 7 PHNOM PENH AFP CAMBODIAN riot police yesterday broke up a two-week anti-government rally with batons, fire hoses and warning shots after defiant protesters undeterred by an earlier crackdown which left one dead took to the streets again. "We have dispersed them to
      AFP  -  248 words
    • Article
      Jakarta rocked by student protests
      596 7  -  Social unrest feared as food shortage, price rise are focus of demonstrators From Shoeb Kagda in Jakarta HAVING returned from their summer break, thousands of students are once again protesting outside the country's parliament, calling for the reduction in prices of basic necessities and the
      596 words
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      135 7 (MB W B Audi Automatic or manual, there's nothing like tiptronic transmission. The Audi A 6. Advanced Audi's five-speed tiptronic is the switches you back to manual puts the there allows you to switch gear-shifting control at your between automatic and manual fingertips. Then the transmission you excitement and fun
      135 words
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  • ASIA'S ECONOMIC SLUMP
    • Article, Illustration
      Lock icon Regional markets fail to sustain rally
      341 8  -  By\ R Sivanithy [SINGAPORE] Regional stocks yesterday failed to extend their Monday gains, instead falling victim to local political and economic uncertainties. Nowhere was this more apparent than in Malaysia, where the Kuala Lumpur Stock Exchange's (KLSE) Composite Index gave up all of its
      Source: Bloomberg  -  341 words
    • Article
      Lock icon Hongkong urges global code to fight speculators
      449 8 Tsang stresses need for consensus on regulating funds flow AFP [HONGKONG] Hongkong yesterday called for a global plan to discipline financial markets and control the flow of funds to fight speculators after reinforcing its own regulatory arsenal. "We believe there has to be
      AFP  -  449 words
    • Article, Illustration
      Lock icon Japan on verge of spiralling deflation, says EPA head
      630 8 More bold policy steps needed if global economic conditions worsen AFP JAPAN, gripped by its worst post-war recession, is now on the verge of stumbling into a spiralling deflation, the country's chief economic planner warned yesterday. The world's second largest economy
      AFP  -  630 words
    • Article
      Thai cabinet gives nod to tough land taxes
      280 8  -  From Harish Mehta in Bangkok THE Thai cabinet yesterday gave in-principle approval to tough new taxes on vacant residential and agricultural land, and property, citing the need to penalise those who fail to put them to good use as well as to
      280 words
    • Article
      Tokyo recovery could start in '99 if banking woes are fixed
      588 8  -  Academic calls for 'next day approach' to bank problems Vikram Khanna [SINGAPORE] Japan's economy could start to recover next. year if the government is able to push ahead with its banking reforms and as the impact of the recent
      588 words
    • Article
      Four Thai banks lower lending rates
      399 8  -  Move boosts hopes of firmer baht, end to liquidity crunch From Harish Mehta in Bangkok TAKING the cue from a flurry of tiny rate cuts by a few Thai banks, four banks yesterday cut their lending rates, raising hopes among businessmen that the liquidity
      399 words
    • Article
      Lock icon Manila urged to impose KL-style forex curbs
      239 8 Rate hikes not working well against speculative attacks, says industrialist AFP [MANILA] A Philippine industrialist called for the imposition of Malaysian-style "partial foreign exchange controls" to dampen speculative attacks on the peso. The proposal made yesterday by Raul Concepcion, head of the Federation
      AFP  -  239 words
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  • REGION/WORLD
    • Article
      Lock icon Japan govt may buy voting shares in ailing banks
      441 9 TOKYO Report also says it plans to set np body to buy banks'bad loans before they fail AFP THE Japanese government wants to tackle the nation's suffocating bad loans crisis by buying voting shares in troubled banks, a report said yesterday.
      AFP  -  441 words
    • ASIA Briefs
      • Article
        Lock icon Japan still the biggest aid donor
        64 9 AFP [TOKYO] Japan maintained its position as the world's biggest overseas aid donor in 1997 for the seventh year in a row. Japan's foreign aid, or official development assistance, in the year stood at US$9.4 billion (5116.3 billion), the foreign ministry said. That was
        AFP  -  64 words
      • Article
        Lock icon Tokyo to keep up sanctions
        65 9 AFP {TOKYO] Japan said yesterday it will maintain sanctions against North Korea even if it confirms that the Stalinist state's medium-range missile firing was aimed at launching a satellite. Pyongyang insists it carried out a satellite launch on Aug 31, scoffing at Washington, Tokyo and
        AFP  -  65 words
      • Article
        Lock icon Nod for China's human rights
        58 9 AFP [BEIJING] United Nations human rights chief Mary Robinson has hailed the commitment of China's leadership to joining key international rights treaties, the official China Daily said yesterday. She was quoted as welcoming China's "active participation" in the human rights treaty system following meetings on
        AFP  -  58 words
    • Article, Illustration
      Lock icon Dressed only in a riot of colours
      82 9 [BLACK ROCK DESERT, United States] A group of naked people painted in various colours running through the Black Rock Desert, in Nevada, on Sunday as part of the "Burning Man "festival, which may be the most bizarre annual mass cultural event in the
      AFP  -  82 words
    • Article
      Lock icon NZ govt sees economy going into recession this year
      294 9 WELLINGTON Contraction of 0.5% forecast; Asian crisis has dented exports Bloomberg THE New Zealand government said the economy will probably tip into recession this year for the first time in six years after Asia's turmoil hurt exports and eroded confidence. New
      Bloomberg  -  294 words
    • Article
      Lock icon Labor plans Telstra reward fund
      144 9 PERTH Reuters AUSTRALIAN Opposition leader Kim Beazley said yesterday that a Labor government would use 35 per cent of its annual dividend from Telstra Corp Ltd to promote economic development through a Telstra reward fund. Mr Beazley said the fund would be used for science
      Reuters  -  144 words
    • Article
      Lock icon Kim govt gets majority as four MPs defect
      219 9 SEOUL AFP SOUTH Korea's ruling coalition yesterday secured a working majority in Parliament, fuelling hopes that blocked reforms deemed vital to dealing with the country's economic crisis could become law. Four lawmakers from the opposition Grand National Party (GNP) joined the National
      AFP  -  219 words
    • Article, Illustration
      Lock icon Yeltsin keeps up suspense over his choice for PM
      613 10 RUSSIA IN CRISIS Communists step up pressure for him to name a compromise candidate Reuters, Bloomberg [MOSCOW] President Boris Yeltsin held crisis talks with top advisers yesterday but kept up the suspense over who he will nominate as Russia's next premier
      Reuters,; Bloomberg  -  613 words
    • Article
      Lock icon G-7 officials to meet in London over Russia crisis
      335 10 LONDON AFP HIGH-LEVEL officials from the Group of Seven (G-7) industrial countries will meet in London during the coming weekend on the political and economic crisis in Russia, officials here said yesterday. The meeting, at deputy minister level, will be consultative,
      AFP  -  335 words
    • Article
      Lock icon Currency board won't work for Russia: ex-Buba chief
      336 10 ■LONDON FT A CURRENCY board system, which the Russian authorities have proposed as a solution to their mounting economic woes, is unlikely to work, one of the Russian government's prominent western advisers said yesterday. "The currency board concept has worked very well
      FT  -  336 words
    • WORLD Watch
      • Article
        Lock icon Real IRA ceasefire welcomed
        86 10 AFP [BELFAST] Leaders in Ireland and Britain have welcomed news that the group responsible for the Omagh bomb of last month which killed 29 people had declared a total ceasefire. In the early hours of yesterday, the Real IRA said it had declared "a complete cessation
        AFP  -  86 words
      • Article, Illustration
        Lock icon Nice theme to fill up the kitty
        66 10 AFP [TOKYO] Japan's Daiichi Kangyo Bank employee Yumlko Miyama showing a bankbook designed with "Hello Kitty", a popular character from creator Sanrio at the bank's first branch designed with a "Hello Kitty" theme as it opened here yesterday. The bank has good business
        AFP  -  66 words
      • Article
        Lock icon Lockerbie trial offer unfair, says lawyer
        78 10 Reuters [TUNIS] A defence lawyer for two Libyans suspected of the 1968 Lockerbie airline bombing yesterday said US-British proposals to try his clients in the Netherlands did not guarantee them a fair trial. Ibrahim Legwell said there were a number of conditions which did
        Reuters  -  78 words
      • Article
        Lock icon Swiss economy grew 1.7% in'97
        54 10 Bloomberg [BERN] The Swiss economy grew a greater-than-expected 1.7 per cent in 1997, final figures revealed, as domestic demand began to take off earlier than expected. Gross domestic product amounted to 321.64 billion Swiss francs (*****.1 billion), up from 316.13 billion in 1996, the Federal
        Bloomberg  -  54 words
      • Article
        Lock icon Amex launches euro travellers cheques
        43 10 AFP [PARIS] American Express yesterday launched what it said will be the world's first travellers cheques in euros. Issued in denominations 0f50,100 and 200 euros, the travellers cheques will be put into circulation in January 1999, it said.—AFP
        AFP  -  43 words
      • Article
        Lock icon Blair attends press baron's funeral
        54 10 AFP [LONDON] British Prime Minister Tony Blair and media magnate Rupert Murdoch joined mourners yesterday at the funeral of press baron Lord Rothermere here. Lord Rothermere, proprietor of three of Britain's leading newspapers, the Daily Mail, Mail on Sunday and the Evening Standard, died last
        AFP  -  54 words
    • Article
      Lock icon Clinton wants to get Starr report before Congress
      292 10 WASHINGTON Reuters PRESIDENT Bill Clinton's private lawyer, David Kendall, asked independent counsel Kenneth Starr on Monday to let him review any report Mr Starr prepares about possibly impeachable offences before it goes to Congress. In a four-page letter to Mr Starr and
      Reuters  -  292 words
    • Article, Illustration
      Lock icon Marine vintage
      83 10 [LONDON] A Christie's assistant holding a glass of 80-year-old Heidsieck Co, Reims, Gout Americain Champagne on Monday. Twenty-four bottles which have lain undisturbed at the bottom of the Baltic Sea since the schooner Jonkoping was sunk by a German U-boat in 1916 will be sold. The bubbly is
      REUTERS  -  83 words
    • Article
      Lock icon Bank of England expected to hold key rates
      468 10 ■LONDON Move will be seen as endorsing de facto easing economists Reuters THE Bank of England's Monetary Policy Committee (MPC) is likely to leave the UK's key interest rate unchanged at its meeting this week, a decision that is unlikely to dampen
      Reuters  -  468 words
    • Article
      Lock icon No hint of Fed rate cut: Miyazawa
      201 10 TOKYO AFP JAPAN'S Finance Minister Kiichi Miyazawa said yesterday that US Federal Reserve Board chairman Alan Greenspan did not hint at a cut in US interest rates during their talks in San Francisco. The Fed chief met Mr Miyazawa after his talks with
      AFP  -  201 words
    • Article
      Lock icon Weak jobless data could hurt Kohl's hopes for re-election
      416 10 BONN Opposition likely to seize on 4m figure as sign of failed policies Reuters CHANCELLOR Helmut Kohl's uphill race for re-elec-tion stumbled yesterday over German unemployment data for August which failed to show the clear improvement he wanted to boost his
      Reuters  -  416 words
    • Article
      Lock icon German investments in Asia up despite region's crisis
      184 10 BONN AFP GERMAN companies stepped up investment in Asia during the first six months of this year, despite the financial crisis punishing the region, the German economics ministry said yesterday. They invested a total of 3.342 billion Deutschemarks (5J3.3 billion) In Asia,
      AFP  -  184 words
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      136 9 r W m -A Bt. t L la ft W I Id L J9 fl ft V Wr Bf B L Bf bb Kfll Hbfl UtiW f m M f M ki fefc 1 A kJfc» %i To you the 1 a cake a S' 1m t0 someone diabetes jpß
      136 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Malaysia's course not set by Krugman
      685 11  -  THE BOTTOMLDfE OPINION By Sree Kumar The writer is a development economist and partner in a consulting firm PAUL Krugman takes too much credit for Malaysia's decision to impose currency controls. In his open letter to Malaysian Prime Minister Mahathir Mohamad, he has put
      685 words
    • Article
      IN OTHER WORDS
      113 11 'Anwar (Ibrahim, former Malaysian deputy prime minister) is doing his best to provoke the government to arrest him, so that he can be a martyr to prove that the Malaysian government is authoritarian.' Mahathir Mohamad Malaysian Prime Minister, on his erstwhile deputy. 'It's a great illustration of
      113 words
    • Article
      The IMF needs US funds
      585 11 EDITORIAL Despite the growing concerns that the financial turmoil in East Asia has spread to Russia and beyond, producing anxiety in Wall Street and global markets, United States lawmakers continue to resist pleas to approve US$lB billion (Ss3l billion) for the International Monetary Fund. President
      585 words
    • Article, Illustration
      Lock icon Even Greenspan can't solve the world's woes
      1147 11  -  Even if US Fed chief cats rates, it would not on its own solve problems underlying the global crisis Richard Stevenson NYT in Washington WITH markets tumbling and economies crumbling at an alarming pace, investors and governments around the world were looking for
      NYT; FILE PHOTO  -  1,147 words
    • Article
      Don't ditch everything in a panic
      335 11 WHAT THE OTHERS SAT WHAT'S frightening about the world's economic troubles is a sense that rules we thought we understood don't seem to apply now. Until recently, we thought we knew what a developing country had to do to join the ranks of the
      335 words
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      41 11 I PREPARING TO TALK TO OVER 22 MILLION POTENTIAL CUSTOMERS- I I |a| DOT.COM, where cyber-space meets business. Tuesdays 12.30pm. CNBC J ASIA B 1(^1 CNBC Asia is available on channel 15 of Singapore Cable Vision. To subscribe call 573 3333.
      41 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Reality bites when the film doctor is in
      916 12  -  Bernard wexnraub meets celebrated screenwriter Robert Towne BERNARD WEINRAUB NYT Robert Towne still recalls his fascination with movies as a boy in the coastal town of San Pedro, and his yearning to write screenplays -so he could correct all the wrong things
      NYT; FILE PHOTO  -  916 words
    • Article
      Lock icon HIV, tobacco top killers: UK prof
      406 12 HEALTH Going after these fast rising causes best way to cut death rates, he says Reuters [CARDIFF] The best way to reduce death rates worldwide is to target the biggest killers the HIV virus and tobacco, a British scientist said on Monday. Richard Peto,
      Reuters  -  406 words
    • Article, Illustration
      Lock icon Germany to award Cross of Merit to Spielberg
      250 12 PEOPLE AFP [BERLIN] Movie director Steven Spielberg, who directed the Holocaust epic Schindler's List, will be honoured by German President Roman Herzog this week and will also visit a former concentration camp, his agents said. Spielberg is travelling to Germany to be
      AFP  -  250 words
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      1034 12 I A PAN PACIFIC PUBLIC COMPANY LTD (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the 27th Annual General Meeting of PAN PACIFIC PUBLIC COMPANY LTD will be held at No. 16 Fan Yoong Road, Singapore *****3 on Friday, 25 September 1998 at 10.00 a.m. to transact
      1,034 words
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      Page 12 Advertisements Column 2
      251 12 Fm Singapore's only independent, performance ranking of Top Companies. —SINGAPORE— j 1000 invites all qualifying companies to be ranked in the Singapore 1000 1998/99 To qualify for ranking, companies must satisfy the following conditions: Must be registered with Registry of Companies and Businesses (RCB) as a Limited or Private Limited
      251 words
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      252 13 1. I y I Where to wine, dine and entertain.,.^ livery Monday is Senior Citizen's Day at the ANA I fold. Anyone 60 ami above can en joy buffet iunchcs anil dinners at tlie Cafc-in-the-Kirk, or leppanyabi at the Unkai Japanese Restaurant, at 50% off. Bring someone you love, like
      252 words
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      Page 13 Advertisements Column 2
      395 13 IMi't fN inn? I re«J it in Gats' Mewsf e.«.k Cth' Km in Clttiifiri this titliiii. J CATS. CWE DT, G!RfIMD LEVEL 1 fuliwlto\. La-Carte menu. Western and local (TJ jf T \p favourites chefs \J m I Jjf speciality top selling yf.f m m Hainanese Chicken Rice, j NasiGorenglstimewa,
      395 words
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      Page 13 Advertisements Column 3
      138 13 Mandarin L§J Singapore proudly presents Cioacchino Rossini's The]l/\ Qj^Jarber (evi I le* OPERA IN 2 ACTS 17 SEPTEMBER 1998 7PM MANDARIN BALLROOM 4-COURSE BORDEAUX SET DINNER SHOW $98 NETT PER PERSON Caw flown ui fry Sponsor jtjpK&l'AL BRUNEI 333 Orchard Road, Singapore *****7. Tel: *****11 From 5 September our fomous
      138 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      800 13 TV&RADIO 1 Ron shnwhi 5.35 Snow White. PM TV Innovations. SISS SuSS?Point. 4.00 Kidz Blitz: Sesame 9.30 La Femme Nikita f Street. Mercy (Lastep). 12.00 NN Response TV. ■SS J Silver Brumby. 10.30 News 5 Tonight. 2.00 PM TV Innovations. &30 Sam Max. ILOO Business Day. 4.00 Setulus Kasih. 6-00
      800 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      143 13 CH¥PTIC CROSSWORP DOWN 1 Band's clear sound (4) (3) YESTERDAY'S SOLUTION 2 Young reporter on a Carib- 13 Estimate roughly 24 hours to bean island (4) finish work (4,2,1,3) yHMOMAy vfad i 3 People on drugs initially im- 14 Taking up ball, breaking prove (4) away (9) pftdSLlU 4 Full
      143 words
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  • WIRED FOR BUSINESS
    • Article, Illustration
      Lock icon Net change for Asian telcos
      899 14  -  A recent study predicts that more businesses will switch to the Internet for cheaper calls, says toh haw «nw TOH HAN SHIH Asia-pacific companies will increase rapidly their use of the Internet for telephone and fax facilities with strong repercussions on telecommunication companies (telcos) in
      Source: IDC  -  899 words
    • Article, Illustration
      Bridge offering service to track stocks on Net
      540 14  -  Cyberlnvestor offers data from over 175 stock exchanges, latest forez values Byl Poo-Cheong Wai Ming [SINGAPORE] Financial information provider Bridge Information Systems is launching Cyberlnvestor, an Internet-based financial management tool. Bridge's Singapore general manager Mark Smith told BT: "It's the only dynamic
      540 words
    • BOOK marks
      • Article
        US Net investment to hit US$124b
        101 14 AMERICAN firms will invest US$l24 billion (*****.6 billion) in the "Internet economy" this year, according to a study by market research firm International Data Corp. IDC defines the Internet economy as "spending on technology deployment, marketing and sales, content creation, professional services, and education
        101 words
      • Article
        Free online courier service
        98 14 TORONTO-BASED Doc Space Company has released the latest version of its online courier service called Doc Space Express 5.0. The Web-based service allows users to send, store and receive documents using the browser only. It offers secure, instant, trackable delivery of any size or type of
        98 words
      • Article, Illustration
        Order KFC meals through the Net
        68 14 KENTUCKY Fried Chicken is the latest fast-food restaurant in Singapore after Pizza Hut to offer online ordering. The food orders must be worth at least $12 and there is a $2 charge for delivery, which is limited to selected areas. And children can take
        68 words
      • Article
        France to spend US$8m on Web training
        117 14 FRANCE will spend US$B.3 million (5514.4 million) training managers for the Web this year, says its vice-minister for industry, Christian Pierret According to a recent France Telecom survey, Internet use in France has grown IS per cent per month and4oo per cent per
        117 words
      • Article
        Tennis treat on the Web
        90 14 TENNIS fans can catch the latest scores and all the action of the ongoing 1908 US Open at the official US Open Web site, made possible by the US Tennis Association and IBM. A Java scoreboard shows real-time score updates for every match. Fans can
        90 words
      • Article
        Live images of Singapore Science Centre
        86 14  -  Francis Ang SINGAPORE has become the fourth country in the world to have a Web View site through the Singapore Science Centre. The site allows Net users around the world to watch happenings in the Science Centre's atrium. Web View provides live images and
        86 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      254 14 e-business BAT 7AM: SIGNED A DEAL IN HONGKONG. Hardware and j software financing AT 7.10: BOUGHT A BASKET OF RAMBUTANS. 2at attractive Imagine waking up and getting things done before leaving your apartment. Sounds useful'/ It's available right now at Centrepoint Properties 1 Fraser Suites and Fraser Place. Recognising that
      254 words
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      Page 14 Advertisements Column 2
      7 14 brought to you by ssr r Ss
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Vickers Ballas slips into the red with $49.6m interim loss
      573 15  -  Sharply higher $82m provisions blamed; gloomy outlook for restoftheyear Reports by] David Boey [SINGAPORE] Vickers Ballas has chalked up interim aftertax losses of $49.63 million as deteriorating stock market conditions slashed its turnover and jacked up its provisions to over
      ARTHUR LEE  -  573 words
    • Article
      ST Capital racks up $31m interim loss
      424 15 Interest income hit by high rates; provisions wipe out operating profit [SINGAPORE] ST Capital has gone deeper into the red, racking up an interim net loss of just under $31 million due mainly to heavy provisions for the half-year to June 30. The
      424 words
    • Article
      Nikkei, yen look solid as Japanese funds head home
      800 15  -  HOCK LOCK SIEW Anthony Rowley "flash in the pan" or "temporary windfall" were typical of the descriptions applied to Monday's remarkable 5.3 per cent surge in Tokyo's Nikkei-225 stock average. Much the same things are being said about the yen's 10
      800 words
    • Article
      DBSAM suspends trading in M'sian unit trust, weighing options
      297 15  -  By! Shiv Taneja [SINGAPORE] A day after UOB Asset Management suspended trading in its Malaysian unit trust, DBS Asset Management has followed suit with its fund, the DBS Shenton Malaysia Growth Fund. Meanwhile, Aberdeen Asset Management the third fund manager with
      297 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Templeton rejects offer by Petronas for Engen shares
        434 16 Price seen as way below value of South Africa's largest fuel retailer Bloomberg [HONGKONG] Templeton Asset Management, the fifth-big-gest shareholder in Engen Ltd, South Africa's largest fuel retailer, said it will not accept an offer by Petroliam Nasional Berhad of Malaysia to
        Bloomberg  -  434 words
      • Article
        Lock icon PLDT to monitor ownership changes
        197 16 AFP [MANILA] Philippine Long Distance Telephone Co (PLDT) said yesterday it will track ownership changes in its stock possibly with the help of professional investigators after taking measures to ward off possible hostile takeover attempts. The country's dominant carrier last week adopted a "poison pill"
        AFP  -  197 words
      • Article, Illustration
        Lock icon Panpac Media buys 60% of Wine & Dine publisher
        290 16 Panpac Media buys 60% of Wine Dine publisher Initial stake costs $900,000 with 3-year buyout option [SINGAPORE] Hot on the heels of its initial public offer, Panpac Media yesterday acquired 60 per cent of the publisher of Wine Dine and Singapore Health magazines. The initial stake in Wine Dine Experience
        FILE PHOTO  -  290 words
      • Article
        Lock icon EON posts RM7m loss as car sales drop in H1
        142 16 Bloomberg [KUALA LUMPUR] Edaran Otomobil Nasional Bhd, Malaysia's largest auto retailer, said it swung to a loss as high interest rates crimped demand for cars. Endaran Otomobil or EON, as the company is known, said it ran up a loss
        Bloomberg  -  142 words
      • Article
        Lock icon Westmont Land responds to auditors' qualifications
        334 16 It gives reasons for statements in annual report on provisions Bernama [KUALA LUMPUR] Westmont Land (Asia) Bhd said it has not made any provisions in the event of non-re-coverability of payments amounting to 228.7 million Malaysian ringgit (Sslo4 million) from a shipbuilding company as
        Bernama  -  334 words
      • Article
        KLWs public share offer 5.5 times subscribed
        249 16 [SINGAPORE] Doormaker KLW Holdings' offer of shares to the public has attracted a subscription rate of 5.5 times. It said it received applications for a total of 13.93 million shares. It had offered 2.55 million shares to the public, priced at 28 cents
        249 words
      • Article
        Lock icon Kuok Philippines Prop allows unit to seek new investors
        276 16 Bid to let subsidiary push through development projects Bernama [MANILA] A Malaysian firm has allowed its subsidiary to scout for new investors to push through its property development projects in the Philippines. In its resolution, Kuok Philippines Properties Inc (KPPI) said
        Bernama  -  276 words
      • COMPANY Briefs
        • Article
          ST-1 reaches orbital location
          77 16 [SINGAPORE] ST*l, the satellite co-owned by Singapore Telecom and Taiwan's Chunghwa Telecom, reached its final orbital destination yesterday. The satellite, which was launched 13 days ago from French Guiana, has passed all initial tests, Sing Tel said. Since the satellite reached its orbital location yesterday, control
          77 words
        • Article
          Sembawang Resources director resigns
          24 16 [SINGAPORE] Sembawang Resources announced yesterday the resignation of director Er Kwong Wah from its board of directors with immediate effect.
          24 words
        • Article
          SALE to lease 2 Boeings to Emirates
          43 16 [SINGAPORE] Singapore Aircraft Leasing Enterprise (SALE) has signed an agreement to lease two new Boeing 777-300 aircraft to Emirates Airlines for 10 years. The aircraft will be leased to Emirates in November and December next year.
          43 words
        • Article
          Poh Lian clarifies interim results
          92 16 [SINGAPORE] Poh Lian Holdings Ltd, which was asked by the Stock Exchange of Singapore to provide more information on its recent interim results, said its operating profit before tax, interest and depreciation fell despite improved turnover because of settlement of $1.3 million variation order claim
          92 words
        • Article
          PCL signs 2 charter agreements
          51 16 [SINGAPORE] Pacific Carriers Ltd said it entered into two charter agreements for bulk phosphate with its substantial shareholder Kuok (Singapore) Ltd. The charter parties are based on the Gencon Charter Party terms and the freight payable for two voyage charters is US$5OO,OOO (*****.500) and U*****,000
          51 words
        • Article
          Lock icon Hong Leong Properties profit down 66%
          127 16 Bernama [KUALA LUMPUR] Hong Leong Properties Bhd pre-tax profit for the year ended June 30 fell 66 per cent to 67.66 million Malaysian ringgit (5530.8 million). Turnover fell 23 per cent to RM481.99 million. Shareholders' fUnds rose 7.5 per cent to RM750.58 million while
          Bernama  -  127 words
        • Article
          Lock icon Hock Hua Bank posts 29% profit drop
          89 16 Bernama [KUALA LUMPUR] Hock Hua Bank Bhd group consolidated operating pre-tax profit for the half-year ended June 30 dropped 29 per cent to RM53.71 million. Turnover Increased 8.1 per cent to RM309.45 million while investment and other incomes rose 29 per cent to
          Bernama  -  89 words
      • Article
        Goldtron in talks to refinance borrowings
        254 16 [SINGAPORE] Goldtron Ltd, which announced a stunning $140.3 million extraordinary loss in July, is in negotiations to refinance its borrowings, the company said in its annual report released yesterday. The outcome of Goldtron's talks with its lenders is expected shortly, added the Ses-daq-listed company.
        254 words
      • Article
        Orchard Square signs new loan deal with DBS
        160 16 [SINGAPORE] Metro Holdings' wholly-owned Orchard Square Development Corporation has signed a new loan deal with DBS Bank. The bank has made available to Orchard Square a $100 million floating rate term loan facility, a $30 million dual currency (US$ and Ss) revolving
        160 words
      • Article
        Lock icon Belgacom cuts rates by up to 25% for some int'l calls
        200 16 Bloomberg [BRUSSELS] Belgacom, Belgium's dominant phone company in which Singapore Telecom holds a substantial stake, said it reduced rates for some international calls by as much as a quarter. The reduction is to meet new competition from Mobistar SA,
        Bloomberg  -  200 words
      • Article, Illustration
        Lock icon Seven Network reports 77% slump in profit to A$20m
        326 17  -  Stock tumbles 2.6%, polled down by sadden resignation of managing director tYom Russell Baker in Sydney SEVEN Network, the Australian television group, has announced the sudden resignation of its managing director Gary Rice and a 77.1 per cent slump in net
        Source: Bloomberg  -  326 words
      • Article
        Lock icon Acer cancels plan to buy Siemens' PC plant
        314 17 It fears Russia's crisis will crimp Europe's PC demand Bloomberg [TAIPEI] Acer Inc, Taiwan's largest computer maker, said it cancelled plans to buy a computer unit of Germany's Siemens AG because of concern that Russia's financial crisis will crimp demand for computers
        Bloomberg  -  314 words
      • Article
        Lock icon Richmond to close beef processing plant to cut costs
        244 17 Bloomberg [WELLINGTON] Richmond Ltd, one of New Zealand's largest meat processors, said yesterday it will close a beef processing factory to cut costs and to reduce overcapacity in North Island. The factory is one of two seasonal beef processing plants in
        Bloomberg  -  244 words
      • Article, Illustration
        Lock icon S&P downgrades Swire Pacific
        231 17 AFP [HONGKONG! US based ratings agency Standard and Poor's yesterday downgraded Hongkong conglomerate Swire Pacific due to slumping property prices. The company's long-term corporate credit rating was cut to single A- from single A and the outlook continues to be negative, S&P said in a statement.
        AFP; FILE PHOTO  -  231 words
      • Article
        Lock icon HSBC reduces Hang Seng Bank stake to 63.9%
        130 17 AFX-Asia [HONGKONG] HSBC Hold ings pic has cut its stake in Hang Seng Bank Ltd to 63.93 per cent from 64.22 per cent, a stock exchange disclosure of interests report shows. HSBC, which said the reduction of its Hang Seng Bank interest
        AFX-Asia  -  130 words
      • Article
        Lock icon AMP sees poorer second half amid falling stocks
        534 17 610 bid document says As6sm charge expected Bloomberg [SYDNEY] AMP Ltd, Australia's largest fund manager, said falling stocks globally will drive its second-half profit below the first half. In documents filed for its As 3 billion (553.08 billion) takeover bid for GIO
        Bloomberg  -  534 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Holderbank beats expectations with 32% profit jump
        337 18 Interim earnings up in Europe, Americas; cost-cutting helps Bloomberg [ZURICH] Holderbank Financiere Glarus AG, the world's largest cement" maker, said first-half earnings rose 32.4 per cent, more than expected, as profits rose in Europe and the Americas and after it cut costs. Net
        Bloomberg  -  337 words
      • Article
        Lock icon German giants Veba, RWE end talks with BellSouth
        127 18 FT [NEW YORK] Veba and RWE, the German industrial conglomerates, have abandoned plans to bring Bell South, the US telecoms group, into their telecoms joint venture, 0.te1.0, in another setback to their push into the newly liberalised German market. The collapse of
        FT  -  127 words
      • Article, Illustration
        Lock icon Gates says he's won battle against the network computer
        384 18 Microsoft chief says NC concept has been discredited; plays down Java's success FT [PARIS] Bill Gates, Microsoft's chief executive, on Monday declared victory in his battle against the network computer, declaring that his clash with the NC's supporters was "fun" while
        FT; REUTERS  -  384 words
      • Article
        Lock icon Daimler Jan-July sales surge 21% to 79.5b marks
        410 18 Firm sees record HI growth continuing in second half Reuters [FRANKFURT] Daimler-Benz AG, Germany's largest industrial company, said on Monday that robust first half sales growth was continuing in the second half of this year with seven-month sales rising 21 per cent
        Reuters  -  410 words
      • Article
        Lock icon PetroFina, Shell swap downstream business
        218 18 AFP [ROTTERDAM] The AngloDutch oil giant Royal Dutch/Shell and the Belgian company PetroFina yesterday announced a cross-bor-der exchange of downstream activities in the Netherlands and Norway. Under the memorandum of understanding, PetroFina is to swap its fuel depots and petrol stations in Norway for an
        AFP  -  218 words
      • Article
        Lock icon Swiss goods inspector SGS' profit dives 91%
        317 18 Bloomberg [GENEVA] SGS SA, the world's largest goods inspection company, said first-half profit fell a greater-than-ex-pected 91 per cent as Asian economies slumped. Net income fell to 10.25 million Swiss francs (5512.6 million), or 6.5 francs per bearer share, from 115.58 million francs,
        Bloomberg  -  317 words
      • Article
        Lock icon PepsiCo sells Polish chocolate business for US$77m
        359 18 FT [WARSAW] PepsiCo, the US drinks and snacks group, has sold the chocolate business of Wedel, its Polish subsidiary, to Cadbury Schweppes, the UK confectionery and soft drinks group, for U5576.5 million (*****.3 million) in cash. The acquisition means that Cadbury Schweppes is
        FT  -  359 words
      • Article
        Lock icon P&0 posts £138m 1st-half pretax
        297 18 Group says outlook positive despite uncertain markets Reuters [LONDON] British shipping to property group Peninsular and Oriental Steam Navigation Co (P&O) said yesterday its main source of earnings remained robust and the outlook for the second half was positive, despite economic uncertainties in some markets.
        Reuters  -  297 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Hana, Boram banks announce US$31b merger
        443 19 Long-anticipated deal creates Korea's 7th largest bank; analysts say more tie-ups coming Reuters [SEOUL) South Korea's Hana Bank and Boram Bank yesterday officially announced a US$3l billion (5553.6 billion) merger that would create the country's seventh largest bank in terms of assets. In a
        Reuters  -  443 words
      • Article
        Lock icon Deutsche slams talk of Russia trading losses
        210 19 Reuters [FRANKFURT] Deutsche Bank chief executive Rolf Breuer yesterday rejected as "total rubbish" talk that the German bank was suffering trading losses as a result of the Russian financial crisis. "There really is nothing," Mr Breuer was quoted as saying in an interview
        Reuters  -  210 words
      • Article
        Lock icon Credit Fonder ends talks with US firms
        221 19 Bloomberg [PARIS] The French government said on Monday it ended talks with General Motors Acceptance Corp of the US and the Bass family of Texas to buy state-controlled mortgage lender Credit Foncier de France SA. GMAC and a Bass-led investor group had proposed
        Bloomberg  -  221 words
      • Article
        Lock icon Islamic bank launches US$1.5b fund
        124 19 Reuters [DUBAIJ The Islamic Development Bank (IDB) on Monday decided to set up a new US$l.5 billion (552.6 billion) fund to finance infrastructure projects in member states. The official Saudi Press Agency (SPA) said the IDB council of executive directors, at a meeting in Saudi
        Reuters  -  124 words
      • Article
        Lock icon Goldman staff worldwide to discuss planned IPO
        303 20 Investment firm tells its 11,500 employees to take part in conference call NYT [NEW YORK] Goldman, Sachs Co has told its 11,500 employees worldwide to participate in a conference call scheduled for late yesterday in which leaders of the investment firm are expected
        NYT  -  303 words
      • Article
        Lock icon Halla creditors may accept Rothschild's US$1.8b offer
        274 20 Rothschild proposing to buy over and later sell four Halla nnits Bloomberg [SEOUL] Halla Group creditors appear likely to accept an offer by Rothschild Inc to buy four of the insolvent South Korean group's companies for US$l.B billion (Ss3.l billion), according to Korea
        Bloomberg  -  274 words
      • Article
        Lock icon Anglo Gold starts fund for jobless
        194 20 Reuters [JOHANNESBURG] South Africa's Anglo Gold, the largest gold producer in the world, on Monday said it has jointly created a 5.8 million rand (SSI.6 million) fund to ease the pain of the jobless in the unemployment-blighted mining industry. "As an industry we owe
        Reuters  -  194 words
      • Article
        Lock icon AXA-UAP says no plan to sell Nat Mutual stake
        179 20 AFX-Asia [LONDON] AXA-UAP chairman Claude Bebear said the company is not looking to seU its controlling stake in National Mutual Holdings Ltd, although a number of Australian financial service companies have expressed interest in the company. "We are not sellers. Any
        AFX-Asia  -  179 words
      • Article
        Lock icon Euro$ buoyed by Greenspan comment
        305 20 nimri it Report Reuters [SINGAPORE] Simex Eurodollar futures remained firm as hopes that US interest rates have peaked continued to buoy the market. US Federal Reserve chairman Alan Greenspan sparked off talk of a rate cut on Friday after he warned that the United States
        Reuters  -  305 words
      • Article
        Futures up again but rally may not last
        182 20  -  MSCI TAIWAN Ft)TUBIS Cecilia Loh Cecilia Loh, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures rose again yesterday, gaining five points. But the raUy could be short lived as the gains were a result of short-covering and not based
        182 words
      • Article
        Lock icon Oil falls in NY as threats to supply ease
        185 20 ENERGY REPORT Bloomberg, Reuters [NEW YORK] Crude oil feU almost 2 per cent in New York in morning trading yesterday amid ample global supply and diminished concern that economic turmoil in Russia and military tension between Iran and Afghanistan would lead
        Bloomberg,; Reuters  -  185 words
      • Article
        Lock icon CURRENCY REPORT
        279 20 AFX-Asia, AFP liondon THE dollar continued to be firmer against the major currencies in afternoon trade, buoyed by a strong performance on the Wall Street, dealers said. "It is mainly the performance on Wall Street that is dominating sentiment right now," Adam Chester at Halifax said. He said
        AFX-Asia,; AFP  -  279 words
      • Article, Illustration
        Untitled
        1223 20 ntTERBAlfg CROSS RATES c$ Rib cq|.™fr Dw MK$ tadHOiHH YW Wm Ml B$Mb Nl tmt WfiT$ 0*t Eo—d W$ Australia 0.903 6.178 0.521 1436 1025 4295 2523)***** 0.712 1.032 2253 LSI 32.025 25.719 102? IMS 0.837 20.409 24.103 0.358 0.593 Aol 5451 0 577 3805 1135 5 0W ***** lkm
        1,223 words
    • Article
      COMMODITY PRICES
      1788 21 SICOM FUTUIBS Sep8 RU88C8 (Marts ctosmq «t 5_J0p»n) RSSICOHTRACTtfcwU/ty CtM« VoUMM 0p« Month High Low Sott (tonnoi) Iwttfwt Oct 98 t17.00 06.75 117.00 400 «75 Nov 98 117.50 W50 OK 98 H8.25 20 M70 J«/M«r 99 120.75 212 Apr/Jun 99 '25.00 Nf® 99 129.50 150 RSS 3 COIITt
      1,788 words
    • Article
      WORLD STOCK MARKETS
      2280 21 LONDON taAHtriilt S*t Phci 31 Croup 510.000 AB Ports 282.000 1.000 Abbey National 1133.000 -7.000 Allied Dom«cg 504.000 -8.000 Amec 154.000 V 3.000 AkJj Group 184.000 -2.000 BAT Ind 468.000 -109.000 BGPk 356.400 -1.600 BICC 85.000 -3.600 BOC Croup 801.000 -4.000 8P Petroleum 806.400 -0.600 BTR 132.000
      2,280 words
    • Article
      Lock icon TOKYO
      1609 21 Bloomberg n Nikkei 225 ♦123.43 JAPANESE stocks traded mixed as overseas hedge funds, seeking to reduce risk and to raise money to offset losses in Russia and other markets, bought back Nikkei 225 futures contracts. That pulled up the underlying benchmark Nikkei index and companies such as Sony Corp,
      Bloomberg  -  1,609 words
    • Article, Illustration
      Lock icon HONGKONG
      1516 22 Reuters, AFP Q Hang Seng +112.49 STOCKS ended higher yesterday as investors continued to cover short positions amid an easier interest rate environment and firm Asian markets, but profit-taking set in during the afternoon trimming some gains. The Hang Seng Index ended the day 112.49 points higher at 8,189.25
      Reuters,; AFP  -  1,516 words
    • Article, Illustration
      Lock icon CHINA
      633 22 Reuters QShenzhenßlndex -OM SHENZHEN'S hard currency B share shares ended lower yesterday as investors took profits after several consecutive days of solid gains, analysts said. The B Share Index lost 0.69 of a point to close at 62.20 on turnover of HK$lB million. "After the strong rise of the
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  633 words
    • Article
      Lock icon TAIPEI
      353 22 AFP HWPlafcx +14L53 TAIWAN share prices rose 2.1 per cent yesterday, buoyed by the recent appreciation of the local currency and amid expectations of lower US interest rates, dealers said. The Weighted Price Index rose 141.53 points to 6,942.26. Foreign currency deposits had been converted into local currency amid
      AFP  -  353 words
    • Article
      Lock icon WELLINGTON
      247 22 AFP 71 Wellington *2101 NEW Zealand stocks closed up 1.6 per cent yesterday, ignoring grim news from the government over its fiscal state. The NZSE-40 Index rose 29.01 points to 1,809.67 on modest turnover of NZ$67 million. Telecom Corp was up 13 cents to NZ$7.B7. —AFP feH rmm AN
      AFP  -  247 words
    • Article, Illustration
      Lock icon BANGKOK
      787 22 AFP □set Intel -7.71 THAI share prices dropped 3.5 per cent yesterday amid profit-taking in the banking and finance sectors, compounded by regional market declines, analysts said. "The market was not able to stay above the 220-point mark, prompting investors to cash in profits," United Securities chief analyst Somsak
      AFP  -  787 words
    • Article
      Lock icon SEOUL
      410 22 AFP n Composite Index -LB7 SOUTH Korean shares inched down yesterday as earlier gains gave way to broad-based profit-taking, dealers said. The market started off strongly, boosted by the yen's rise and a recovery in regional markets, but lost the ground on selling pressure later. The Korea Stock Exchange
      AFP  -  410 words
    • Article
      Lock icon SYDNEY
      586 22 AFP P All Ordinaries -14 SHARE prices consolidated their recent strong gains yesterday, falling just 0.5 per cent in quiet trading with all eyes firmly fixed on the US market, brokers said. The All Ordinaries Index slipped 14 points to 2,555.2. Turnover totalled 261.69 million shares worth A 5746.58
      AFP  -  586 words
    • Article, Illustration
      Lock icon JAKARTA
      761 22 AFP n Composite Index -5.40 INDONESIAN shares closed 1.6 per cent lower yesterday on profit-taking amid concerns over student protests and mixed regional markets, dealers said. "In this situation, investors do not want to hold shares for long," a dealer with a local brokerage said, citing Monday's protest by
      AFP  -  761 words
    • Article
      Lock icon MANILA
      300 22 AFP H Manila +5J5 PHILIPPINE share prices closed 0.4 per cent higher yesterday as the market took the cue from Apia's major bourses, brokers said. The Philippine Stock Exchange gained 5.15 points to 1,192.08. Turnover shot up to 2.11 billion shares worth 787 million pesos. Philippine Long Distance Telephone
      AFP  -  300 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Composite Index falls back by 21%
        399 23 Bloomberg, AFP Q Composite Index -95.50 MALAYSIAN stocks fell, led by large stocks such as Telekom Malaysia Bhd, as investors judged the four-day price rally as overdone. The Composite Index fell 95.50 points, or 21.46 per cent, to 349.56, while the Second Board Index
        Bloomberg,; AFP  -  399 words
      • Article
        Untitled
        8825 23 MourrtiAU COASMMf products List vei Day *•< c Ml# L» Ciwp—y >#>§ *000 Hm> tit 310 170 Ajinomcto 220 -10 2 230 220 12.1 J9.2 148 35 Angfeasa 61 -7 270 86 60 t4 89* 290 123 Apollo Food Hlg 170 -1 6 180 170 5.9 <U 388 108 Ber>aya
        8,825 words
    • WARRANTS & OPTIONS
      • Article
        Clob warrants: tread with care
        198 24  -  WARRANT WATCH By\ R Sivanlthy TRADING on Clob International will surely take centrestage today local brokers say it'll be their last chance to churn commissions for themselves before handing over a big part of their business to Malaysian brokers, while many players think prices must
        198 words
      • Article
        Untitled
        3187 24 •OHOf, LOANS ft VAMMNTS Vo i oav LII1 Owl. *»1 High Ln sin* Company IM *ar- COOO) Hlg» U» 25 215 4 m 3000 m AMDB C5 5H*****6 5 iu$p 1 55 20.5 3 3160 Acar ******1U5S 3 5 5 6 95 5 3164 Acma ******4- 6 unch 41 6.5
        3,187 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      5866 25 twe Last v»< o«v Lut owu Y Jf* C *J Mtgh Lm StNo Company Sal* COOOI Mlfi U» ■§E_iSE. MULTI-INDUSTRY 142 49.5 mt IOOO AcmaSOc. 54 -6 86 63.5 54 53.5 54 27.5 10 25 5 3 65.5 M 1217 Alliance Tech. 49 in
      5,866 words
    • Article
      SESDAQ
      1025 25 H W IW lJ S( M. °*V LutOyte M M VU M C4» A™ I* COOP) MM* L— Buyc t—r Or Pft $wl Prta 2 g, 3 12. »°ff S? »«> 80 493 493 SO 110N 7.0 3.0 4.7 57.1 52 48.5 9 2051 ASJ HWQJ <OC 55.5 54
      1,025 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        203 26 Stacks Yak— Kept** Land 50c 12.959,000 DBS Land 11,605,000 TACW10 200 9,719,000 Wing Tai 25c 9,237,000 IPC Corpn 5c 9.166,000 OCBC Foreign 7.446.000 SingTel 6.425,000 Panpac Media 5 5.797,000 ComfortGrp 25c 5,512,000 Keppei Corp Stacks OCBC Foreign 32.560.171 SingTei15c 17.542,395 U08 Foreign 15,3*),488 DBS Land.... 12,956,240 DBS Foreign H.474,050 OUB
        203 words
      • Article, Illustration
        STI fails to sustain surge as KL market pulls back
        751 26  -  STOCK MARKET COMMENTARY Bine chips jump initially, then fall back rapidly possibly on KL's retreat; still high levels of confusion over Glob, say dealers By R Sivanithy [SINGAPORE] There was only minimal foUow-through to Monday's rally yesterday, with Malaysia crashing
        751 words
      • ON THE GRAPEVINE
        • Article
          Enough is enough
          128 26 FEW people are spared the acerbic wit of Alan Abelson, Barron's guru in residence, who trots out his weekly Up Down Wall Steet column. Here is a sampling from the latest issue, where mega financier George Soro6 comes in for a bit of stick. "It only seems
          128 words
        • Article
          When cashcards fail you
          183 26 SEEMS that failed cashcards are turning out to be quite a common problem among motorists. A colleague's cashcard showed an error message (despite there being cash in it) on his car's lU. After testing the card several more times, our colleague went to the cashcard counter
          183 words
        • Article
          Wish we could fly
          62 26 TALK about being not quite just in time. We received a fax yesterday from David Ban, managing director of Vickers Ballas inviting BTtoa press conference being held yesterday at 3 pm. Two copies of the fax were sent to us—one at 2.42 pm and one at
          62 words
        • Article
          New hazards of banking
          93 26 A RETAIL banker at a Big Pour bank told BT rather forlornly that banking just ain't what it used to be. What with all the currency curbs imposed across the Causeway and the fellout from the regional crisis, he's completely snowed undo:, he said. It's all
          93 words
      • Article, Illustration
        HOT STOCK
        60 26  -  -by Shiv Taneja OVERSEAS Union Bank's foreign tranche closed 20 cents lower yesterday at $1.99 on a volume of 5.25 million shares, compared with its 10-day traded average of 2.37 million shares. A technical rebound is possible in the near term. However, the long-term outlook for the counter
        60 words
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      451 16 5 The HourGlass Limited (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 19th Annual General Meeting of the Company will be held at Mandarin Singapore, Room 831,8 th floor. South Wing, 333 Orchard Road, Singapore *****7, on Tuesday, 29 September 1998
      451 words
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      Page 16 Advertisements Column 2
      14 16 Buy It. Sell It- Find It. Classified. IBM 737-11*4 Call T<x£ay For Results Tomorrow.
      14 words
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      141 17 B—— M -niiir r JL' A R 6 S 0 r t That's Also fl Home Imagine being able to, quite literally, stroll down to the beach at the end of your working day. You can at Mandarin Gardens, Singapore's only lull service apartments by the sea. Apartments range from
      141 words
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      Page 17 Advertisements Column 2
      75 17 You never actually own a Patek Philippe. You merely look after it PATEK PHILIPPE for the next geneve Begin your own tradition. HMGAKXK THE HOUR GLASS fakashmoya Shopping Centre Tel: 734 2420 Scofti let 235 7198 •Lucky Plaza Tel: 733 1262 Q MALAYSIA THE HOUR GLASS .LaMO Shopping Centre. Kucta
      75 words
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      74 18 This announcement appears as a matter of record only orchard square DEVELOPmEnr PTE LTD fITI n (Incorporated in the Republic of Singapore) *****,000,000 Floating Rate Term Loan Facility 5530,000,000 Dual Currency (US$ and Ss) Revolving Credit Facility U5511,363,600 Floating Rate Term Loan Facility Guarantor ETRO Metro Holdings Limited Arranger and
      74 words
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      56 19 Full professional after sales service provided. For a FREE copy of our 100 page colour brochure or to arrange a complimentary consultation contact: Mrs Diana Bean, General Manager or Ms Florence Nathan, Manager OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE LTD 26-04 CLIFFORD CENTRE, 24 RAFFLES PLACE, SINGAPORE *****1 E-mail: ocrasingOsingnet.com.sg
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      Page 19 Advertisements Column 2
      406 19 •VoSHoNOFIwBttf -m *sV~T^iZ-lll—ill irrTn Size Reigns Raine Square, Perth, Western Australia Perth's largest avaiabte prime CBD land parcel approx 1.2 ha Outstanding development potential We# established retail and hotel development with excellent Expressions of interest close 9th October 1998 income from 47 tenancies UmUUIJ warren Tucker .n Singapore CB Richard
      406 words
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      237 20 Drink Vour Nay To Health Savings! (Ocean natural mineral water and HIE pure distilled water now come with a wider range 11 of dispensers designed to fit any living or working space! P On top of the premium quality standard that you can be assured of from Wanin Industries, you
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      Page 20 Advertisements Column 2
      18 20 I love this job which I found through The Straits Times Classified. J s. CATS. in Tm J
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      65 22 f calling about\ /See...l told\ The card we're the computer I Y ou was a j making for Susan 1 I advertised in J X. goo< L -y /i up, we got what V is going to be J The Straits Times/ J, 1 f we wanted because real nice!
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      28 23 HKf iJB| ■■■■■■V^jQP^HK^MFVMMBH |*> jj| j« JJ Ji] &>i L'J |MjJJ[hi^^^^H KH imi] 11 iT« M AU|lll J i •J J iTij m 1 J• 11 UU KJ Classlficatlon^3^^394^J/ohlclMj^lJ
      28 words
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      108 24 Trading in Malaysian stocks on Gob remained suspended yesterday There is no smoke without fire. With so many lucrative business opportunities and services sizzling in The Straits Times Classified daily, jf\ it's no wonder our readers are always hungry for more. Advertise in the Business Services/ Products 5 section (Classifications
      108 words
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      720 26 I NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR Name of Company DOLLARS RESTAURANT PTE LTD Company No. *****3409R Name of Provisional Liquidator giving this notice Don MHo NRICNo *****868E Name of Firm Don Ho Associates 20 Cecil Street, #12-02 The Exchange Singapore *****5 1) I, Don M Ho, the abovenamed Provisional
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      Page 26 Advertisements Column 2
      525 26 IN THE MATTER OF THE COMPANIES ACT CAR SO AND IN THE MATTER OF KANEKO PEARL SINGAPORE PTE LTD (In Voluntary Liquidation! Extract of Minutes of an Extraordinary General Meeting signed by the Representative of Holding Company relating to Proceedings of Subsidiary Company pursuant to Section 179(6) of the Companies
      525 words
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      Page 26 Advertisements Column 3
      346 26 ADVERTISEMENT PROVISIONAL LIQUIDATOR STATUTORY DECLARATION BY DIRECTORS OF DOLLARS RESTAURANT PTE LTD (Registration No: 1M*****0R) I, Ho Wai Chi of DOLLARS RESTAURANT PTE LTD of 93 Yishun Street 81. #08-09 Singapore *****1 IC/Passport No: *****376 D make oath and say as follows: 1) I am a director of the abovenamed
      346 words
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      Page 26 Advertisements Column 4
      369 26 INTERNATIONAL FACTORS (SINGAPORE) LIMrTBIT^ (Incorporated with limited liability in the Republic of Singapore) 5570,000,000 Floating Rate Notes Due 2002 Pursuant to CONDITION 11 of the Notes, notice is hereby given that, in respect of the Interest Period from September 9, 1998 and ending on (but excluding) December 9,1998. (a) the
      369 words
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  • SHIPPING TIMES
    • Article
      Manila terminal operators' rate hikes upheld by court
      314 27  -  From. Alec Almazan in Manila EFFORTS by international shipping lines to stop the Port of Manila's two international terminals from implementing cargo handling rate hikes were defeated when a local court threw out their petition. Last July 15, Asian Terminals Inc (ATI),
      314 words
    • Article
      Lock icon FREIGHT MARKET
      131 27 Bridge News, Reuters TIME-CHARTER! ♦Red Fern built 1998 73,300 dwt delivery Norfolk Sept trip Far East US$6,250 daily plus US$60,000 bonus MOSK. Global Power built 1984 69,840 dwt delivery Lazaro Cardenas Sept 15/20 trip Hamburg-Passero US$7,700 daily Aimcor. Oceanic Esplrit built 1990 69,458 dwt delivery Coarboneras Sept 5/10
      Bridge News,; Reuters  -  131 words
    • Article
      MARITIME STOCKS
      296 27 ■MNBHK m n w CWT Distribution 0.27 -0.03 M ChuanHup 0J1 -O.OOS 277 Cmco Invastmant 0.42 *O.01 2 rr«4a|*LWu 0.145 -0.005 404 G8 Holdings 0.22 unch 21 Hal Sun Hup 0.265 -0.035 534 Hitachi Zasan 030 -0.02 62 IMC HoMngs HK Si Jay. Holdings 0J8 unch 1 Juronq
      296 words
    • Article
      MPA's laudable efforts to improve safety in Singapore waters
      798 27  -  STRAIT TALK By Seafarer AT any one time there may be over 800 ships in the Singapore area. Writing in this month's issue of the London-based Nautical Institute's magazine Seaways, the Maritime and Port Authority of Singapore's (MPA) hydrographer, Wilson Chua,
      798 words
    • Article, Illustration
      Masterbulk goes ahead with newbuilding orders
      432 27  -  Forestry product carrier will receive delivery of 4 ships over next two years By] Felix Chan [SINGAPORE] With the regional downturn playing havoc on many a company's expansion programmes, Singapore-based Masterbulk is proceeding with the delivery of four newbuildings on order over the next
      432 words
    • Article
      World-Wide, Navix Line set up joint venture
      252 27  -  By) Felix Chan [SINGAPORE] World-Wide Shipping and Japan's Navix Line have established a joint venture to charter-in drybulk carriers and tankers. World-Wide said Searex Maritime Company SA will be incorporated in Panama and operational activities will be undertaken through a second joint venture
      252 words
    • Article
      China firms placing panamax orders with Japan yards
      240 27 [LONDON] China's two largest shipowning companies are defying the slump in the dry cargo market and ordering panamax bulk carriers from shipyards in Japan. Taking advantage of the weak value of the Japanese yen, China Shipping Group, China's second largest shipowner, has
      240 words
    • Article, Illustration
      Lock icon Lessons from the Star Sea
      1312 28  -  ACTING IN GOOD FAITH For both insured and underwriters, the case gives valuable lessons on the nature of the duty of good faith By S K Phang,David Tan IT IS often said that an insured must act in good faith in his dealings with the
      FILE PHOTO  -  1,312 words
    • Article
      SHIPPING SCHEDULES INDEX
      354 28 PACE ESP Lines M ANL 3 Ethiopian M Accord 8 Evefgrew 6 Ahrenkiel 14 Express TI 15 Appensfep 5 8 Astro 3 Frota 15 AsiaOCL 14 Frt Links 16 Austral 9 Farwide 14 Avdfit 16 Link 4 B'tang Mas 8 BSA 7 Genshpq 9 BTL 16 Glory
      354 words
    • Article
      SHIPPING GUIDE
      18211 36 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT fT ry* Advartlsar Vassal Voyaga Taiapnona Adv«rt(*r Vassal voyy u um h»f SIN Dast'n Nama Nama Winter Numbar SIN Dait'n Nam* Nam* NuntOar NumO«f sin ug MMHHBWMMHBflHHMHHHMaMM 09/09 05/10 Norsul IWATO 0»S 65-*****77 A 11/09 07/10 COSCO DAINTY RIVER 0059W 65-*****00 n/09 07/B Yang Ming
      18,211 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        601 43 Ves»rt VoyNo Bft» Arrival B^rturt BtAfrizal S£P8 *~"S 22S2 H Hindi Jay *****8 JOI 09/2000 at Mo sera xi *"**> K S Makasu *****8 JOI *»HJid. 25 20S2, St S PWanqi SEP* JOI 09.09/0300 Sa*ti *****0 JOI 09.09/0700 Bt Sar N *****0 JOI «■OT/0030 Oanrfwittor *****0 J00 0$.nflW
        601 words
      • Article
        CONTAINER SCHEDULES
        1683 43 RECEIVING Of EXPORT FCl CONTAINERS AND LCI CARGO BooMnq/Mmc* Rsth SMp Voy Wo Ett/Btr Nrtod Frow To Frw *ci otn( wo nvwoo u 04/1500 ovmw otmoo a otmoc 222 222* w/wo 222? 0MW w%wc 4 WffiM OVMW 09/1700 taMacns OOOB tvcwc u 04/T500 04/*5i a.->oc 04,1500 }fc"l65<! IS/HOC
        1,683 words
      • Article
        GLOBAL HOLIDAYS
        201 43 Bay IS Japan: Respect of the Aged Day. BapM Mexico: Independence Day. Bmp 23 Japan: Autumnal Equinox Day. 8«p 24 South Africa: Heritage Day. Bmf 28 Won# Kong: Chung Yeung Festival. Taiwan: Teacher's Day. Out 1 China: National Day. Hong Kong: National Day. Out 2 China: National Day
        201 words
      • Article
        COCKETT BUNKER MARKET REPORT
        642 43 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranees in US dollars Instead of sincie prioeafor s more comprehensive description of the Prices shown are based on smaje sued stem Market movements are indicated The Cockett Bunker Price Index chanpe and the Individual changes
        642 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        407 43 CarkM NO Mm 992.0 2.8 19.9 O K 342 Oj07 S*f 3 DMilf Hater IhUn As* llmlilii iiteiit No *om £25 2 4 M 3 3 380 AM 988.1 0.3 15.4 047 31 043 torn 380 Mu 992.0 0.9 192 O.tl 67 021 —4 Ha*aM635 19
        407 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Boeing, Airbus to stop fighting for market share
        552 44 FAHMBOROUOB AIBSHOW Rivals will instead concentrate on increasing their profits Financial Times [LONDON] Boeing and Airbus Industrie, the world's two biggest aircraft makers, yesterday declared an end to their decades-long battle to win market share and said they would concentrate on increasing
        Financial Times; REUTERS  -  552 words
      • FARNBOROUGH Briefs
        • Article
          Lock icon Emirates buys six Airbuses
          89 44 AFP [DUBAI] Emirates Airline has bought six Airbus A340-500s for US$2.4 billion (SI4.1S billion), with options cm another 10, the airline announced yesterday. The European Airbus consortium was vying with US-based Boeing for the contract with Emirates, which is wholly owned by the government of Dubai,
          AFP  -  89 words
        • Article, Illustration
          Lock icon Dassault performance
          29 44 Reuters [FARNBOROUGH, England] The Dassault Falcon 2000 lands after performing an aerial display at the Farnborough airshow. The airshow is open to the public at the weekend.—Reuters
          Reuters  -  29 words
        • Article
          Lock icon Boeing mulls Israel investment: report
          70 44 Reuters [TEL AVIV] Boeing Co is considering becoming a minority shareholder in an Israeli defence manufacturer, particularly state-run Israel Aircraft Industries Ltd, said Michael Sears, president of Boeing's military aircraft division, Ha 'aretz newspaper reported. Strategic partnerships with foreign companies give Boeing an advantage in
          Reuters  -  70 words
        • Article
          Lock icon Rolls-Royce wins US$135m order
          61 44 Bloomberg [LONDON] Rolls-Royce pic, a UK airplane engine maker, said it won business worth US$l35 million (*****.5 million) after Continental Express, a unit of Continental Airlines Inc, exercised options to buy 25 jets from Brazil's Empresa Bras de Aeronautica SA. Rolls Royce makes the AE 3007
          Bloomberg  -  61 words
      • Article
        Lock icon Boeing wins US$1.2b order for 21 planes
        217 44 Bloomberg [FARNBOROUGH, England] Boeing Co, the world's biggest aircraft maker, said it won orders from International Lease Finance Corp and KLM Royal Dutch Airlines NV for 21 jetliners worth US$l.2 billion (552.07 billion) at catalogue prices. KLM will buy four of Boeing's 737-900
        Bloomberg  -  217 words
      • Article
        Lock icon Airbus aims to launch 100-seat jet by year-end
        160 44 Bloomberg [FARNBOROUGH, England] Airbus Industrie said it is hoping to launch a 100-seat plane by the end of the year to rival Boeing Co's two jets of that size. "We are ready to launch by the end of the year subject to
        Bloomberg  -  160 words
      • Article, Illustration
        Lock icon PAL seeking financing for purchase of 8 Airbus planes: report
        404 44 AFP [MANILA] Troubled Philippine Airlines (PAL) is seeking a bridge financing deal so that it can push through with its acquisition of eight Airbus planes, a local newspaper reported yesterday. The Philippine Daily Inquirer said the French exportimport bank, Coface,
        AFP; FILE PHOTO  -  404 words
      • Article, Illustration
        Lock icon Air Canada, pilots union may resume talks this week
        276 44 Bloomberg [TORONTO] Air Canada and its 2,100 striking pilots have spoken informally since the strike began on Sept 2, trying to decide on a basis for a new round of negotiations. Jean-Marc Belanger, who leads the Air Canada pilots union, said
        Bloomberg; FILE PHOTO  -  276 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1561 44 cnv man eta fucht ctp $***** ws nusrr 2359 jjUft wno wo aw <05 $***** 2359 Untorim ****** 0755 KL13I 2300 >*">■ »W» T700 $0990 OW $024 2320 0—tf—WC C2351 2085 C2352 0035 $0327 0755 Hm* VW741 1310 **742 0905 *55 S0T75 *40 $0176 TX» AncklMd
        1,561 words
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      18 27 Acting in gpod faith: Lessons from the Star Sea Valuable lessons for both insured and underwriters. Page 2
      18 words
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      Page 27 Advertisements Column 2
      30 27 This is part of a weekly series of profiles of shipping companies which have set up operations in Singapore through the International Maritime Programme initiated by the Trade Development Board.
      30 words
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      Page 27 Advertisements Column 3
      236 27 Boeing, Airbus to stop fighting for market share Rivals will instead concentrate on increasing their profits. Back Page .fA" be SP *ibmgm v' '/"PP W M' -v/* .y v > »-*3™B i iiinir MMtBooking deadline L_ ,os^ J MARTECH 98 I International Conference Exhibition on Maritime Safety Resource Management 2000
      236 words
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      1121 28 This is an occasional series of law reports in addition to Shipping Times' weekly Admiralty Casebook that is written with the maritime community in mind. 1 NORTH AMERICA 1 I EXPORT I 1 OTHER DESTINATIONS I SSX SUPCTSHUTTtg EXPRESS DIRECT TO LA WEST COAST Of CENTRAL AMERICA (MARQARfTA SERVICE) wsa
      1,121 words
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      Page 28 Advertisements Column 2
      719 28 Lines services representee Members of the Registry of tjwSj Accredited Shipping Agents, \£nnV Singapore Shipping Association mSSb* Members of the W 9 af.l Singapore Fretght Forwarders Association MMMmMMm 0 vessel MV. TEN ETA SIN: 01/10/98 ETA MALE: 10/10/9 C FCL/BREAKBUIK GfNERAI AGENT OOAN CHMA WTRttAJKMAJ. (S) PA I TH_- 371(996
      719 words
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      1007 29 TO EUROPE FROM EUROPE |vcsa vor |swmii mi m sou fit TflTllvtssa vw wmmw tw m tw —w_ MY AWMtAL 3ISW 10/09 03/10 30/09 01/10 10/09 HYOAOON 314f 22/00 19/00 20/00 17/00 10/09 MXCOtAi. 003W 11/09 27/09 29/09 02/10 00/10 HYMWOO 31* 20/00 21/00 25/00 10/00 12/09 HY HNaHKSS 313W
      1,007 words
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      Page 29 Advertisements Column 2
      2178 29 HANJIN SHIPPING w»rwe (S) m ltp mouk swi *****24 r» wcumbt rmmn opbaikms 32«ni kj mm uk mnn wmi aoo-iimno— lIP NW USA 4 CANADA] ouF rr Isul ww I oa I m I oo og I ml on I I m lom Th, m :z T. s ,5/,# w/
      2,178 words
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      1246 30 DSR-SENATORIINES TO UK/CONTINENT TO RED IistIRANEANCANADA wsaa Tvoy w leu I rtm I anr ha* lirv Ifu I [ve«el 1T... jr "51? 51? PAOfIC SBIATOR WW! 00 00 21 .00 29 00 aOV 96 09 02 19 Mil JSs££CTt£, »2 m h S SI S 5 cnoyangphoenk wmmi an mi
      1,246 words
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      Page 30 Advertisements Column 2
      958 30 Carrier: MN COUTH LIMES, INC l-fVy XZ_J <*» m iaoo67woooa stBU: (064) 31 si 79 PENANQ: (04) *****36 BANGKOK: (662) *****67 SURj^Avwlf^f^n XINGAN6 PORT KfLlMfi MV "KOTA HADIAH" V.H.AUG My B(JNOA ETA SIN: 12/09/98 ETA SIN: 3/09/98 haiphono gum MV "VAN XUAN" V.E5208 MV "HANJIN HAMBURG" V.039E ETA SIN: 12/09/98
      958 words
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      Page 30 Advertisements Column 3
      391 30 "5 JiSSELTON LINE t»ii aiM4i* mxi sssaiis MUARA LABUAN vissa voy rro eta vtssa vor eto eta SFOtE MIMA sroif UN tmtum rat/n 10/00 12/00 Awaoott vn/w 10/01 u/oo JJWWB V2x/w u/w 17/00 IWWB YM/W U/OO 10/O» tft&oonr n*/n u/oo 21/00 vttcum nu/n 10/00 n/ot imm vmi/« n/w a/oo inwsm
      391 words
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      1227 31 i dub I*" i ES ESS r SS? I I PQB. Mini Qaboos DUB 55T SHJ Shartah. BA Bandar Abbas. BIK Bandar Imam MM —■e==Bggg^ AGENT IN SINGAPORE ACSMTINIMALAWI A PT. SAKA DELMAS VICARYA SJNOSE MARITIME Pit LTD "TWSOH. VENTURA BUILD4NG 70, SHENTON WAY. #19-03 !wvfpn«T KIANG SELANGO* MAUkYSIA 4TH
      1,227 words
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      Page 31 Advertisements Column 2
      2184 31 TO ISRAEL 1 IN 13 DAYS I EVERY THURSDAY 1 SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TIL 226 1900 FAX: *****08 OUTWARD (l/l) jTMsSor^OHOßToFHa!™™" l^^^™^^^^! COSTAR SHIPPING PTE LTD #17-oodosudg sales/ikgs 4205M1/43 inward dept (D/o) 42os7is COSTAR AGENCIES (M) SDN BND CRNQ:II7>7I9OOOOM TOWER TWO (*****9) CONVENTIONAL *****50/55 T/SHPMT DEPT *****25
      2,184 words
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      1290 32 K/SCAMMI«AVIA/F|WLAND^USSIA^ I «cp anu mw hBG THP ZEE LMV I LHV THP RDM ANW HBG PKL SGP I P Divifetf dw i«i IJM nonn n7l fl 04/10 06/10 07n0 00/10 lE. GLEEFUL RE-OS 3 22*8 23/06 25*8 I DIADEM RW-002 20 09 00/10 13/10 IWI6 12/10 13/10 14/10 IE RI6HT
      1,290 words
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      Page 32 Advertisements Column 2
      439 32 WEEKLY SAILING TO AUSTRALIA A NEW ZEALAI«y:k Brisbane r I' ft Wm *^iiPney Fremantlew i Adelaide *M*Sne Auckland {9 For bookings, call Tel: 220 3373 Fax: 220 1366 '''^r ECU ECU UNK Singapore Pti Ltd f¥ll 15, McCallum Street 10-03 Natwest Centre, Singapore *****5 Johor Bahru Tel: 07-*****18 Fax: 07-*****62
      439 words
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      Page 32 Advertisements Column 3
      440 32 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AfRKA VPSa I VOT 1 an 1 fU) I DDI CTT I t/MY mmiwwig y.w4s is/w w/w 02/10 IiUWVBICS VO29S 23/09 (g/10 06/10 IQ/1I 13/10 60LPBIMUGOW MPS 79/09 01/10 12/10 14/10 HAttACASTELU YOO7S 06/10 "IS/10 19/10 73/10 24/10 WAMUI PtIItCESS Y.074S 13/10
      440 words
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      432 33 BSA x mm MYANMA ttßßk FIVE STAR LINE (Myonmor National Lino) Loading for Yangon (Rangoon) VESSa VOY SM PKL PEN PGU SITTWE OIW SLD PATHfIN 1 SOW SLD MALAYSIA AGENTS: lOUSTEAO SHIPPING AGENCIES KUL HI (03)*****00 PKL TEL (03)37*4101 PIN: TIL (04)*****02 PGU; TEL (07) *****21/4 BANK LINE (A $f»k«
      432 words
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      Page 33 Advertisements Column 2
      1264 33 \hmn^ HYUNDAI MERCHANT MARINE CO., LTD. Ivb« »m| 1 I «HI Iu»"« I »WJW» I nvj livcsa ml ion liml m I m Ihm I■»I■» I HI HY ADMIRAL 315W 10/09 21/09 03/10 30/o<l 01/10 NOLIOUTI 000E 21/00 22/00 16/01 11/01 M/Pt NOCORAL 003W 11/09 01/10 03/10 21/09 30/09 HYIMON
      1,264 words
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      Page 33 Advertisements Column 3
      1091 33 m ui 1 "Ojw«jion specnkad outocomen (7to)3(olft Wilhelmsen Lines TO NORTH AND LATIN AMERICA "RORO HEAYYUFT SERVICE" VOY 'W IKIGHT si LAX (H MIA SAV BAL ORF NYC NEW MOO taiumcbk 400 4 3 M IS/M 10/10 19/10 22/10 24/10 26/10 27/10 28/10 02/11 05/11 2™" 400 T B iJM
      1,091 words
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      Page 34 Advertisements Column 1
      1865 34 BANQKOMMP TA PHUT/LAKM CHABANQI JAIC AWTA/PAm AMQ VESSEL VOY SIN BKK MTP LCH VESSEL VOY MW PJN SINO OCEAN OCNIII In Pt 12/09 THANA BHUM j"£! XETHA BHUM 249N In Pt 12/09 QURU BHUM JD-El NANTA BHUM" 41 ON In Pt 12/09 13/09 QURU BHUM 1332 1 BAN I BHUM
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      Page 34 Advertisements Column 2
      36 34 LNS EXPRESS (S) PTE LTD Blk 217 Henderson Road, #01-04 Henderson Industrial Parle, Singapore *****5. CR NO: **********0/H Air-Sea International Freight Forwarders MUflßft I Also accepting Heavy Lilt A Protect Cargo Tel: 65-276 7996 Fax:6s-276 3740
      36 words
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      392 35 INDONESIA NATIONAL LINE TO EUROPE 1 gXPWUSS BQXIONTAWERIBEP SERVICE m ~yoT~ 'TywrTADAiw oAii H lUWB »BHIHI AMTWEUP Amm 2«n» ?vn OMIT wni TO AUSTRALIA ~l WJULCOWPUWERSgRWICE m Iwr "IWBTIwt I 11 dp mel tm mm urnmai tn nwim am turn aw ovm ow> PAOMEOLLOYT)MMMK Itl 17«1M WIWM Auwonwi i« Hwaw
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      Page 35 Advertisements Column 2
      750 35 fPACIFIC INTERNATIONAL UNES (PTE) LTD I 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I I CRNO: **********0E STD MB IMi IB Ml I lOTA wwwa pvwqh m/o io/« */un7Tf I ij/to I I I HIMGA mm 3 1TT153 17/0 I IV* 30/0 4/10 0/10 IS/14 I ***** I I
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      Page 35 Advertisements Column 3
      822 35 I JED m I iffl I HUM IMP I RTM ZB. N27W 1M» M/Qt 28/00 06/10 08/1O 08/10 08/10 OVIO WU-EDEOBIA H27W 2M> W/10 06/10 11/10 12/10 14/10 14/10 IS/10 MLLE DC D'ORtON Y27W 2W» 07/10 12/10 WlO 19/10 21/10 21/10 22/10~ VW-LE DC MXOSA V3W> 14/10 18/10 26/10 2EVIO
      822 words
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      Page 37 Advertisements Column 1
      65 37 VbTal Dial 740-6000 Oil QGITIdnG (Retrieve more schedules!) Press "I* „JKm\ Select the port and key in 'KJ the four digit code eg: To New York (NYC) 2275 s jf> Key in your fax number your phone number Another Innovative service offered by CT The dOCUment Will be SHTPPTIVfr bT
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      Page 39 Advertisements Column 1
      44 39 VaTAI Dial74o-6000 Oil G€ITIdr)G —(Retrieve more schedules!) SjM Press-r „JETk Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number your phone number AnottwrlnnovMiv. wrvtceoffered by rT The document Will be SHIPPING TIMES
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      Page 40 Advertisements Column 1
      994 40 ■wSAMUDERA SHI P£LHs G Tc E L N iii!po L Rl£o4s BOOKINGS CALL DIRECT LIME: *****41/43 JESSIC A/CEUA/I^^^| JTJ2J33BEJ3ISJ2H 7 SLGS/WEEK [*****23 2 SLG/WEEK |VESSEL IVOY ISI IPLB VEBSEL ygy ?£L 10/norSA-n LAWANTI 1295 11/09 (FRO 13/09 (SUN) ACX CLOVER 900 WPT LAWANTI 1296 15/09 (TUE) 17/09 (THU) KOTA MAJU
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      Page 40 Advertisements Column 2
      601 40 Xfigß, 3* Ul SNimm co pn irol I J«W7J (t Umi| Pan SUNM/SIIHM I I y cftisiw—oox I VISMI VOY SIN ITA SIM CTD DCSTINADON Morco Pok» 42 10/98 11/09 12/09 Jokono Marco Polo 42 15/98 11/09 12/09 Jakarta SiwCwtal 14/98 11/09 15/09 Perwcna/Buoftn/PBoiu Buono Abort 14/98 12/09 14/09 toar
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      Page 40 Advertisements Column 3
      523 40 383 SIN FAR EAST 14/09 KEELUNG/KAOHSIUNG 13/09 BANGKOK 13/09 MANILA/CEBU 13/09 JAKARTA/BELAWAN/SURABAYA 13/09 PORT KELANG/PENANG/E. MALAYSIA 15/09 BUSAN 13/09 TOKYO/YOKO/KOBE/NGO/OSA 13/09 HONG KONG SIN CHINA 13/09 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIN EUROPE/UK 13/09 LDN/FLX/LVP/SOU ROM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIN USA/CANADA 14/09 LOS ANGELES/NEW YORK all IPI
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      Page 40 Advertisements Column 4
      454 40 rrft Singapore Soviet Sliippfag CPL k\VV afciooiotwow |\\l Mdtiftne Skipping PI WJJJ WHWM,) bw» )47syy3ooooc VESS£L VOY SIN BOM PNG PKL BUXMOON 117N 13/O® 21/00 03/10 04/10 KOTA RUKUN RKNOI3 19AM 27/0® 09/10 10/10 KOTA RATU RTUO2I WW 04/10 18/10 17/10 jvissir^^w M. REGINA RGAO6S 109-10/091 16/09 25/09 TOMAfII 209/98
      454 words
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      Page 41 Advertisements Column 1
      642 41 MCC transport APM SAIGON SHIPPING H~ n/oo InfeTlm w* w/oJsd !o% NOMA 9031 I J/09 (SUN) 17/09 JO/M 2n! at/M I SSbSMT? 9MSS U/wSoJ 17/5 Utsmtm ou IS/09(TOO U/09 17/09 I 11*%* wv: si w *2 hm 842 wot IJ/WSK) »/OO wmssmy* ***** 00/09 wm 11/09 gff 5/R B 88HLS
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      Page 41 Advertisements Column 2
      1530 41 vmn /YQYMg jjiotf IST ssysr* o**0** \\z —~^> m m m wi^ «mmKTi» iJ" 0 Wk,# 0110 HIO 1110 YICACT M_ MttJJ ISJO 17JO 1100 21J0 0109 1109 ISJ9 UJO 111* #5mM >«.10 1110 1110 1710 NOKWrOWBS 411 AM 2100 2100 27.00 3100 1100 N/A H/A H/A N/A ha—pm«mm,mmtimmi«* mrt
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      Page 41 Advertisements Column 3
      138 41 @*TOYOFUJI SHIPPING CO, LTD, MULTI-PURPOSE VESSEL FOR RO/RO, CONTAINER t IREAK lULK CARGO VBSa VOT W Si )»T il B_ jn PBPIHIIS 52 06/tff M/W 10/09 14/W 22/01 TtAMS FUTUBEI I 13/0* 15/W W/W HAWS PAQFK 5 It 3 U/wln/wbvOfl la/*!<7/10 VKSIi |VOY SM IPR I KU MM. KH JPN
      138 words
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      Page 42 Advertisements Column 1
      810 42 I TIGER ISLAND 647N 15-16/09 20-2&09 29-3009 TIGER WAVE 648N 18-19/09 24-28/09 03-04/10 I TIGER BRIOGE 649N 21-22/09 27-01/10 06-07/10 TIGER BAY 6SON 24-25/09 29-04/10 08-09/10 TIGER ISLAND 651N 29-30/09 04-09/10 13-14/10 J TIGER WAVE 662N 0344/10 09-13/10 18-19/10 IJvessel^^*voy^sin^ca^^SlN™| TIGER OCEAN 334CN8 *****9 12-16/09 22-23/09 I TIGER SPRING 336CN8
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      Page 42 Advertisements Column 2
      718 42 FREIGHT LINKS EXPRESS Wi *****66 (60 Linos) Fax: *****33 E-mail: flasinOMn9iMt.com.s9 PIRECT SERVICE MEXICO (MEXICO CITY) All major ports in Mexico PERU (CALLAO) Lima/La Guaira/ Buenaventura/ Guayaquil/ Valparasio/ La Paz PANAMA (COLON)-Costa Rica/El Salvador/Guatemala/Hondoras/Nicarahua K CAU OM TOU PO» bookino Overseas Offices Orod.wt.kl AY7 AVANT SHIPPING LINES ,r Imul 4*e««(at
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      Page 42 Advertisements Column 3
      1075 42 179 Amm IM4 #21-04 (S) *****6 Mk 513 #01-171 I CI NO **********0H U*****27 F*k*khy Qh 't lift l 2!£ 6Mr W= 0»-754 777* ta; 03-754 **57 MX IM IKNANG fcfc 04-2******/1 Fa: 04-2****** *****50 N'» 9V P *f!9 W: 07-30*4066 f u: 07-3****** K>*i»»/UMaii Q MBSmilA UIA SSL Jg
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      Page 42 Advertisements Column 4
      47 42 ETA ETD TROPICAL ROSE 24/WW 26/06*6 PHNOM PENH JON 3 IVDHi 77/06/96 VUNOTAU JUN 3 10*08*6 12« MB BVWNOUKVLLE (30 TON DERRICK AVAILABLE) THE NEW STRAITS SHIPPING CO. (PTE) LTD SI AN*ON ROAD M6-C9 ANSON CENTRE SINGAPORE 0107 TEL: *****07/*****22 TLX RS23IM MX *****06 CR NO: **********0R
      47 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      77 43 LEGEND: R Thunderstorm Temperature A^ y Shower Weather Wind direction with speed m knots Ron {^J Cloudy Sky Wove height WJoce winds ore mdicoted by wrows wtm* Hy wirt, rtie wwd Katghtt mi O.S 01 0 5 02 10™,,.. 03 I 5 mei,e. «tc. (g) Centre of Trop*ol Depress™, moxKnum
      77 words
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