The Business Times, 11 June 1999

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Microfilm: NL21504
Total Pages: 54
1 54 The Business Times
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  • Title Section
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    13 1 MITA (P) 046/12/98 THE BUSINESS TIMES SINGAPORE FRIDAY, JUNE 11,1999 1 .com. sg/
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  • Article
    Lock icon MARKET SUMMARY
    65 1 □m 2WU» (+23.46) nw-w U mm (-3.47) fISMSaPOTTOES U 2MJO (+3.30 ■Hfc"- 00 MKVAlKETIinCEB Thursday Change KLSE OOMP 7«7.0 +1111 NIKKEI 17.1BJS Um.ll BANG SKNO 1*8*11 *11 SET INDEX 611.44 +8.W JAKARTA COUP __JRS7 -14.49. MANILA OOMP __U71W 4ti TAIPEI WPI 7JM.7I +31.06 SEOUL OOMP m.06 +U.W ClfiA
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  • Article
    Lock icon FINANCE
    73 1 FOBEXIATES 08t SI 081 1.7 IS £(U8S/SSp(r£)— UM 174ff EURO(USJ/SJ per E) 1.161 L8H Ml 1X1 8.117 TEH lift! L4»* W- im a«i HM 7.717 0221 HAW MM IW KJPUH 7,711 'SttoMmta PBOB BATES SHWtfORE* MS KUALA LUMPUE 7.» JAKAJDA «N BANGKOK 10.00 MANILA 11.00 BONO KONG .(A TAIPEI
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  • Article
    Lock icon CONTENTS
    28 1 SINGAPORE .2,3 ASIA ON THE MEND 4 S-E ASIA .6 CHINA/HK/TAIWAN 7 ASIA 8,9 WORLD 10; 11 EDITORIAL 12 COMPANIES 13-15 FINANCE 16 COMMODITIES 17 STOCKS 18-22
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  • Article, Illustration
    Lock icon Japan stuns with 1.9% growth in Q1 GDP
    786 1  -  Sharp upturn sends Nikkei soaring 2.9%, yen rising to 117.80 against greenback From. Anthony Rowley in Tokyo JAPAN stunned financial markets and confounded analysts' predictions yesterday with news that the country's first-quarter real gross domestic product surged 1.9 per cent over the
    Source: Bloomberg; REUTERS  -  786 words
  • Article
    Lock icon DBS to give Foreign holders 10.8% premium on merger
    934 1  -  Merger of dual tranches to be effected through bonus issue Byi Conrad Raj, Ven Sreenivasan [SINGAPORE] DBS Bank yesterday announced that Foreign shareholders will be accorded a premium of 10.8 per cent over Local shareholders when its two tranches of shares
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  • Article
    Lock icon Murdoch yanks deal with SIA on Ansett
    527 1  -  But News Corp still leaves open possibility of a deal By Conrad Raj [SINGAPORE] In a surprise move seen as a major setback to Singapore Airlines' expansion plans, media baron Rupert Murdoch's News Corporation has withdrawn its offer to sell to SIA its
    527 words
  • Article
    Lock icon S'pore stocks power ahead on positive outlook
    411 1  -  By Ven Sreenivasan [SINGAPORE] The Singapore stock market continued to power ahead, boosted by optimism over corporate performance and improvement in economic and political outlook for the region. The Straits Times Index hit an intra-day high of 2,044.42 before closing with a 23.46-point
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      144 1 DIBIPE IVwI. IW Allgreen Properties' first property launch after Using on tiie stock exchange enjoyed a near sellout on its first day of sale. Ninety-five per cent of the units at Claremont, at the junction of River Valley and Killiney roads, were sold yesterday, Pg 3 Cathay Pacific Airways scored
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      30 1 DBS statement, Pg 14 Will he? Won't he? m i I— Make that, en bloc sale The nuts and bolts of collective property sale B Executive Money, EM 10 16
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      15 1 Asian growth forecasts hiked up, Pg 4 Chlna-lii&ked stocks soar on rate cuts, Pg 5
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Oil majors slash diesel price in hot battle to fight fly-by-nights
      449 2  -  Companies now offering discounts of about 20% to keep market share By Eugene Low THE intense competition for diesel sales among oil companies here, which was sparked by the proliferation of fly-by-night diesel sellers, has escalated into a price
      ARTHUR LEE  -  449 words
    • Article
      Lock icon SMRT to spend $310m to enhance services
      271 2  -  Reports by Christopher Tan RAIL operator Singapore MRT (SMRT) will spend at least $310 million in the next three years on upgrading. As part of this exercise, the operator yesterday awarded a $33 million contract to Westinghouse Signals, an Invensys company, to upgrade
      271 words
    • Article
      Lock icon UK firm Foxboro awarded BHQ status
      336 2 FOXBORO, the controls and automation arm of UK engineering group Invensys, has been awarded business headquarters status by the Economic Development Board. Foxboro's regional HQ here will be among Invensys* intelligent automation group's three centres the other two being in Europe and the US.
      336 words
    • Article, Illustration
      Lock icon Job advertisement volume up a strong 16% in May
      312 2  -  E7E ON THE ECONOMY Jobs By] Marissa Chew THE volume of job advertisements grew by 16 per cent in May, a strong confirmation of the small increases seen in the previous two months. Job ad volumes rose by just 3 per
      Source: SPH  -  312 words
    • Article
      Lock icon Mailing Clob offer papers a waste of money
      217 2  -  UAWAG John Tan Chor-Yong Singapore I WONDER about the wisdom and the necessity of the Stock Exchange of Singapore (SES) printing the whole load of offer documents from Akbar Khan and mailing it to us, the Clob investors. Each copy could easily
      217 words
    • Article
      Lock icon Place water treaty ads in M'sian papers
      103 2  -  Koh Kian Lai via Internet Singapore I REFER to the article "S'pore refutes M*sia water report" (BT, June 8), which stated that the fact that "Singapore was selling treated water to Johor at an effectively subsidised rate has not been publicised by the
      103 words
    • Article
      Lock icon SES:pricing of deal is up to SCI, SembRes
      148 2  -  Peter Chia Senior Manager, Public Affairs Stock Exchange of Singapore Ltd WE refer to Yee Soo Chai's letter, "Revise the SCI-Sembßes share swop" (BT, June 10). The writer expressed the view that given a cash offer of 50 cents for Sembßes warrants,
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    • NEWS Roundup
      • Article
        Lock icon Ban on Norwegian food lifted
        37 2 THE government has lifted the ban on the sale of Norwegian food products. This came after Norway provided sufficient proof that its food products are not contaminated with dioxin, the cancer-causing chemical.
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      • Article
        Lock icon While yon were away
        64 2 SUBSCRIBERS of The Business Times and its sister newspapers in the Singapore Press Holdings stable will be able to catch up quickly on the news when they return from travelling abroad with Euro-Asia Holidays during the school holidays. They will get free copies of The Straits
        64 words
      • Article, Illustration
        Lock icon Entrepreneur award up for grabs
        106 2 THE Association of Small and Medium Enterprises (ASME) and the Rotary Club of Singapore launched their 11th Entrepreneur of the Year Award at the Shangri-La yesterday. ASME president Derek Goh (above, left) and Rotary Club president-elect Philip Leong did the honours. Applications for the award
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    • Article
      Lock icon S'pore frequent flyers head mainly for Asia-Pacific
      311 3  -  60% of business travellers take over 12 trips a year, says Marriott survey By Carol Eng ALTHOUGH the US is Singapore's top trading partner, the nearby region still rules overwhelmingly when Singapore businessmen travel —11 out of 12 trips made by its frequent
      311 words
    • Article
      Lock icon Slow day at latest property auction
      284 3 ONLY four out of 16 properties in an Edmund Tie Co auction found new owners yesterday. Twelve of the units on offer were mortgagee sales. ET&Co residential and auctions director Ho Tian Lam said the low success rate was due to commercial properties making
      284 words
    • Article
      Lock icon 95% sold: Allgreen's River Valley launch
      194 3 ALLGREEN Properties' first property launch after listing on the stock exchange enjoyed a near sellout on its first day of sale. Ninety-five per cent of the units at Claremont, at the junction of River Valley and Killiney roads, were sold yesterday. The freehold project
      194 words
    • Article
      Lock icon Dunearn bungalows up for sale
      376 3  -  Also on the block: Purvis St shophonse, Geylang site By, Ang Wan May THREE nearly-completed bungalows off Dunearn Road will be auctioned off together at the end of this month, at indicative prices which look like a bargain. The two-storey bungalows on Merryn Road each
      376 words
    • Article
      Lock icon 1997 retail turnover up 0.8% to $25b
      266 3 But operating surplus, value added fell: DOS survey THE retail sector's turnover edged up 0.8 per cent year-on-year to $25.1 billion in 1997, according to a recently released survey by the Department of Statistics (DOS). However, the sector's operating surplus operating receipts less
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    • Article, Illustration
      Lock icon Wharton-SMU Research Centre set up
      483 3  -  SMU to award own degrees from the outset with Wharton's strong involvement By] Marissa Chew THE Singapore Management University will accept postgraduate students from next July, and both undergraduates and postgraduates will receive degrees in SMU's name. Deputy Prime Minister Tony Tan said yesterday that
      LIANHE ZAOBAO  -  483 words
    • Article
      Lock icon Natas starts indemnity scheme for agents
      301 3  -  By I Soh Tiang Keng THE National Association of Travel Agents Singapore or Natas yesterday launched a professional indemnity (PI) scheme to help its 470 members tap Japanese, European and US business. Details of the scheme, including liability limits and premium rates, are kept
      301 words
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      58 2 The Timberland store: Centrepoint Marina Square Ngee Ann City Shop-in-shop: Isetan Scotts Seiyu Bugis Junction Sogo Raffles City Takashimaya Tangs Tifnhorfand TIMBfBI AND AN'. A»f rVr,[.fvi A P rip Rf,l','(«{(• IPADf V A M ijf THIIIMBIRtANO M PA N r 1•> m 'Mi 1VB(P I A N 1 >MPAN •AI
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      7 2 Theßu&nessTmes Shipping Times 6 days a week
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  • ASIA OH THE MEND
    • Article, Illustration
      Lock icon Asian growth forecasts hiked up as economists turn optimistic
      597 4 Korea leads with 4.8% outlook; stock rallies help M'sia, HE; Indonesia not as weak as before Reuters [SINGAPORE] Economic forecasts across Asia have surged over the past few months, with some of the region's most battered economies now expected to show
      Reuters  -  597 words
    • Article
      Lock icon Analysts see S'pore GDP rising 2.7% in 1999
      220 4 Reuters [SINGAPORE] Singapore's gross domestic product is seen 2.7 per cent higher in 1999 while the economy next year is expected to show greater growth of 4.2 per cent, according to a Reuters poll of 10 research houses. The outlook is strengthening.
      Reuters  -  220 words
    • Article, Illustration
      Lock icon Indon banks need 10 years to recover: S&P
      494 4  -  It will cost USsB7b or 82% of'9B GDP to recapitalise sector By Conrad Raj INDONESIA'S banking sector, which is going through its worst crisis since the *****, will take a decade to recover, according to ratings agency Standard Poor's. "Negative interest spreads,
      AFP; Source: Standard & Poor's,World Bank,IMF  -  494 words
    • Article
      Lock icon No need to disclose debt restructuring: M'sia's SC
      540 4  -  But analysts feel seeking help from govt is pertinent info From Ruth Wong in Kuala Lumpur SOME 33 Malaysian-listed companies have applied to the Corporate Debt Restructuring Committee (CDRC) to overhaul their borrowings, but the Malaysian Securities Commission (SC) insists that public
      540 words
    • Article
      Lock icon KL debt restructure panel warns of forced mergers
      213 4  -  From Eddie Toh in Kuala Lumpur MALAYSIA'S debt restructuring agency yesterday warned the country's telecoms and light-rail transit companies that it would intervene to force mergers if current efforts to consolidate the sector failed. Corporate Debt Restructuring Committee (CDRC) chairman C Rajandram
      213 words
    • Article, Illustration
      Lock icon A sombre message for Malaysians
      76 4 [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad, flanked by DPM Abdullah Ahmad Badawi (left) and acting chief of his National Front coalition youth wing Hishamuddin Hussein, at the launch of his party's pre-polls training camp for youth members yesterday. Dr Mahathir said Malaysians risk losing
      REUTERS  -  76 words
    • Article
      Lock icon 8% loan growth feasible: Bank Negara
      232 4 Bernama [KUALA LUMPUR] Bank Negara Malaysia is confident that the 8 per cent loan growth target for this year is well within reach, assistant governor Awang Adek Hussein said yesterday. He said for the first four months of this year, the banks' average loan
      Bernama  -  232 words
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  • FOCUS; MARKETS
    • Article
      Lock icon China-linked stocks soar on rate cuts
      484 5  -  But looming US rate hike casts a shadow, say analysts From Quak Hiang Whai m Hongkong CHINA-RELATED shares surged sharply yesterday on news of interest rate cuts and possibly more demand-boost-ing measures in the mainland, but brokers warned that with a potential rate hike
      484 words
    • Article, Illustration
      Lock icon Seventh cut seen having bigger impact than last six
      497 5 Economist says govt is out to stimulate private investment and consumption AFP [SHANGHAI] China's aggressive move to slash interest rates after six previous cuts proved ineffective shows its determination to reach the "critical point" to turn its deflationary economy around, analysts
      AFP  -  497 words
    • Article
      Lock icon KLSE gains 1.3% as stocks rally on strong liquidity
      406 5  -  Launch of new national nnit trust lifts sentiment From] Diana Oon Abdullah in Kuala Lumpur THE Malaysian stock market continued its rebound yesterday with punters leading the way in what analysts said was a liquidity-driven rally. Following up on its 24point
      406 words
    • Article, Illustration
      Lock icon S Korean stocks surge a record 6.5%
      234 5 AFP [SEOUL] South Korean stocks rocketed 6.5 per cent yesterday in the market's biggest points jump, with foreign players propelled by optimism over Chinese rates cuts and a rebound in the yen. Bargain hunting following a 5.9 per cent fall in the index
      AFP; Source: Bloomberg  -  234 words
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      140 5 T g-Z V if ■JpS ti 4 wy V 4 f if y 8 *£>< |g| jfEpfS v I J t-K -f 1 J i R y- *iL H.m <x> Eat Sleep Drink Bank < *-> "jf' ~i I V* V I i 5$ f VTj "< < I HSBC.
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon SET chief targeted to run Krung Thai Bank
      535 6 BANGKOK He will have to deal with mass layoffs, closures, bad debt Bloomberg AFTER a nine-month search, and a half-dozen rejections, Thailand may have found a taker for the toughest job its banks have to offer. Krung Thai Bank, the country's second
      Bloomberg  -  535 words
    • Article, Illustration
      Lock icon Golkar sees chance to keep power
      578 6 INDONESIAN ELECTION Treasurer says if party wins 30% of seats, it can form coalition govt Reuters, AFP [JAKARTA) Indonesia's ruling party, labelled a deserved loser before Monday's national election, yesterday sensed a chance to hang onto power. Vote counting so far, albeit agonisingly slow,
      Reuters,; AFP; REUTERS  -  578 words
    • Article
      Lock icon Peaceful poll rekindles foreign investors' interest
      520 6 SINGAPORE Bloomberg INDONESIA'S peaceful election this week lifted a cloud for France Telecom, Unilever and other foreign investors gearing up to expand operations in the world's fourth most populous country. Companies had written off Indonesia as a place to build new factories and expand
      Bloomberg  -  520 words
    • Article
      Lock icon Habibie to summon A-G to respond to bribe charges
      280 6 JAKARTA Watchdog says it has proof he took LBb rupiah from 2 firms Bloomberg INDONESIAN President B J Habibie will summon the country's Attorney-General Andi Ghalib to respond to allegations that he took bribes, State Secretary Muladi said. Dr Habibie has
      Bloomberg  -  280 words
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      1223 6 THE TOKAI BANK, LIMITED I (Incorporated with limited liability In Japan) I Head Office: 21-24, Nlshlkl 3-chome, Naka-ku, Nagoya I Non-consolidated Balance Sheets Non-consolidated Statements of Income I March 31,1998 and 1997 1998 1997 1998 Yean Ended March 31,1998 and 1997 1998 1997 1998 I Thousands Of Thousands Of Millions
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Surge in NT$ due to rising yen: central bank
      247 7 TAIPEI Bloomberg TAIWAN'S central bank said yesterday that the surge in the New Taiwan dollar to a four-month high is a consequence of the strengthening Japanese yen, which has risen 2.2 per cent this month against the US dollar. "The yen
      Bloomberg  -  247 words
    • Article, Illustration
      Lock icon Cathay Pacific strikes deal with pilots' union over pay dispute
      729 7  -  Govt-backed negotiating session averts farther industrial action From Quak Hiang Whai in Hongkong CATHAY Pacific Airways scored a major victory and averted an industrial action at the eleventh hour when it reached an agreement yesterday with its pilots after almost
      AFP  -  729 words
    • Article
      Lock icon ISPs in HK offer free computers in scramble for users
      536 7 HONGKONG Sales strategy locks customers into their on-line services Bloomberg PEOPLE have come to Hongkong for cheap electronics for years, but how about a computer for free? That's what companies like Wharf (Holdings) and Hutchison Whampoa are offering for a
      Bloomberg  -  536 words
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      146 7 Cathay resumes reservations on 27 routes, Shipping Times, Pg 16 JJLI-I jfctvi vl k* $vA J 2 :.?> '**1~~ > I J?* 8 -\v v J.' '*'0 f 4 SI fffift </ X «p> Right Wrong Question Answer 'x'dyS /V >*> t>/ %s %>' /«3* §£t i 1 T J*
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  • ASIA
    • Article
      Lock icon Ex LTCB execs arrested for concealing bad loans
      275 8 TOKYO Reuters JAPANESE prosecutors yesterday arrested three former top executives of the failed Long-Term Credit Bank of Japan (LTCB) on suspicion of falsifying the bank's books to conceal bad loans. LTCB president Takashi Anzai, confirming reports of the arrests, said his bank
      Reuters  -  275 words
    • Article, Illustration
      Lock icon Obuchi expected to beat off party challengers
      457 8 ■TOKYO LDP bigwigg join leadership race, but fhinfftg ftf premier are slim AFP SENIOR figures in Japan's ruling party have started challenging Prime Minister Keizo Obuchi for the leadership but their chances of threatening his rule are bleak, according to analysts. Taku Yamasaki,
      AFP  -  457 words
    • Article
      Lock icon Tokyo plans to create 700,000 jobs, retrain 100,000
      179 8 TOKYO Bloomberg JAPAN'S government will unveil a plan today aimed at creating 700,000 new jobs and retraining another 100,000 older workers to tackle record unemployment, said officials from the ruling Liberal Democratic Party. The coalition government yesterday outlined the plan to an
      Bloomberg  -  179 words
    • Article, Illustration
      Lock icon Korean strike grows, union demands scandal probe
      352 9 SEOUL State prosecntor allegedly triggered off strike at national mint last November Reuters THE number of striking South Korean metal workers swelled to 20,000 yesterday and their union said they would stay off the job until the government addressed allegations that it had
      Reuters; REUTERS  -  352 words
    • Article
      Lock icon Hyundai, Samsung under probe over illegal financial deals
      237 9 SEOUL Bloomberg KOREA will investigate Hyundai and Samsung groups on suspicion that two of the nation's Ave largest conglomerates engaged in 1.5 trillion won (552.2 billion) worth of illegal financial transactions. The Fair Trade Commission for the first time has taken legal
      Bloomberg  -  237 words
    • Article
      Lock icon Australia needs 4% GDP growth: Howard
      239 9 CANBERRA This is necessary to cut unemployment over the long term Reuters AUSTRALIAN Prime Minister John Howard said yesterday that a strong economic growth rate of over 4 per cent was necessary to lower unemployment over the long term. "The current strength of the
      Reuters  -  239 words
    • Article
      Lock icon Bill moved for Aussie vote on republic
      173 9 CANBERRA Reuters THE Australian government yesterday introduced legislation into Parliament for a national vote to decide whether Australia should sever two centuries of ties with Britain and become a republic. Prime Minister John Howard promised last year that an Australian president would be
      Reuters  -  173 words
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      1751 8 I TO I I Toronto Dominion bank I 8 CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF I 9 As at October 31 INCOME I For the years ended October 31 9| (millions of dollars) 9 ASSETS 1998 1997 (millions of dollars except for per share amounts) H 8 wd 1998 1997
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      506 9 Flattering i flatweaves to i i get flustered i over SUNDAY. 13 JIM 1999 TUDOR BALLROOM, GOODWOOD PARK HOTEL VIEWING: 10AM I 1 ,45AM AUCTION: 12PM SHARP Vibrant, exuberant and temptingly inexpen- sive, our beautiful flatweaves should leave you in a delightful dilemma. Unsurprisingly, our fine handknotted Persian and Oriental
      506 words
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  • THE WORLD
    • Article, Illustration
      Lock icon UK central bank surprises with rate cut of 0.25 pt
      531 10  -  Interest rates now at 20-year low of 5%; move aims to help manufacturers From Neil Behrmann in London THE Bank of England slashed interest rates by 0.25 per cent to 5 per cent, the lowest levels in more than 20
      REUTERS  -  531 words
    • Article
      Lock icon Growth imbalances to be focus at G7 meet: Rubin
      396 10 WASHINGTON AFP THE United States will press for more balanced global growth and a stronger international financial system at a meeting on Saturday of Group of Seven finance officials, Treasury Secretary Robert Rubin said here on Wednesday. "My guess is that
      AFP  -  396 words
    • Article
      Lock icon German industry output up in April, pointing to growth
      404 10 NUREMBERG, Germany Meanwhile prices remain tame in May; unemployment slips Bloomberg GERMAN companies stepped up production of everything from household products to machinery in April, suggesting that they expect growth in Europe's biggest economy to accelerate. Industrial production, which includes manufacturing,
      Bloomberg  -  404 words
    • Article
      Lock icon Recorded music industry lost US$10b to piracy last year
      323 10 LONDON Bloomberg MUSIC piracy cost the recorded music industry up to US$lO billion (5517.1 billion) in lost sales last year as growing levels of theft from the Internet compounded the problem of illegal manufacture of CDs and cassettes, industry officials said.
      Bloomberg  -  323 words
    • Article
      Lock icon Bankers convinced Greenspan will raise rates soon
      474 11 PHILADELPHIA Only question is when, say participants at closed-door conference Reuters FEDERAL Reserve chairman Alan Greenspan left many conference participants with the firm impression that US interest rates would go up after speaking on Wednesday at a top-level meeting here of international bankers.
      Reuters  -  474 words
    • Article
      Lock icon IMF can raise US$100b if it taps bond markets, says report
      423 11 WASHINGTON Bloomoerg THE International Monetary Fund could raise up to US$lOO billion (Ssl7l billion) and boost its lending resources by half if it tapped the capital markets instead of relying on its member countries for contributions, according to a
      Bloomoerg  -  423 words
    • Article, Illustration
      Lock icon Food scare a Belgian hot potato as election looms
      624 11  -  Govt faces domestic wrath and scathing criticism from EU partners From I Shada Islam in Brussels IT'S been a tough two weeks for Belgian Prime Minister Jean-Luc Dehaene. And few expect it to get better. Once hailed as one of the
      AFP  -  624 words
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      224 10 'yR'WEjSB/cjjgUMELiM Spend $20 minimum at any Grand Draw Participant (see list below) to win the IHHfil M«il to: Locked Bag Service 026, Madison Road Fo«t j K Office, (S) *****6 Or drop into lucky draw bo* at Please circle the correct answer I Mitsubishi cars. All entries must be made
      224 words
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      542 11 J >®P NOTICE OF j£.JhK ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twentieth Annual General Meeting of the Company will be held on Monday, 28 June 1999 at 3.00 p.m. at The Conference Room of 41 Tampines Street 92,3 rd Floor, ABR Building, Singapore *****1 for the following
      542 words
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      309 11 Fly ANA to Japan and enjoy a Free upgrade to Business Class Join ANA MILEAGE CLUB now and enjoy this introductory privilege immediately. ■■■H Welcome to ANA Mileage Club. As a member SHOP TILL YOU DROP WITH ANA'S KgHjl you'll enjoy a free one-way upgrade from ™EE SHOPPING VOUCHER. ■Hi
      309 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon News of the death of loyalty is exaggerated
      815 12  -  the BOTTOM UMB OPINION By Robert Samuelson CORPORATE loyalty repeatedly pronounced dead survives. It has diminished and disguised itself, but it has not disappeared and may have just gone into hiding. Of course, we've all heard the obituaries. Companies, increasingly beholden to
      815 words
    • Article
      Lock icon IN OTHER WORDS
      111 12 'It's a sound agreement that meets all of Nato's demands. If the Serbs live up to what they signed, this will end the killing and begin the peace.' wmm US defence secretary, after Belgrade promised to start pulling troops out of the embattled province of Kosovo. 'You
      111 words
    • Article
      Lock icon Looking beyond M'sia for water
      692 12 EDITORIAL Regrettably, but not too surprisingly, Singapore's latest exchange with Malaysia over long-term water supply to the Republic has been yet another exercise in setting the facts straight Last Saturday's report in The Star, the Malaysian daily, citing information from unnamed Malaysian officials, amounted plainly
      692 words
    • Article, Illustration
      Lock icon Are lawyers ready for foreign competition?
      961 12  -  Singapore lawyers need a change of mindset to see the world and the region as their market By Lawrence Yong Reuter in Singapore LEE Lee. Drew and Napier. Khattar, Wong and Partners. Allen and Gledhill. Unfamiliar names overseas today, but these are Singapore's largest
      Reuter  -  961 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      1028 12 WaiOfeallbflatlM taint IF THERE is one thing that has almost managed to divert the attention of Indonesians amid the strains and expectations in the wake of Monday's general election, it is the corruption charges which the Indonesian Corruption Watch (ICW) levelled against Attorney-General Andi Muhammad Ghalib.
      1,028 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Chiarapurk family giving up control of Jack Chia-MPH
      463 13  -  Remaining 38.6% share being put up forsaleat $73m,0r 75 cents a share By i Conrad Raj [SINGAPORE] The Chiarapurk family appears to have given up its struggle to hang on to control of Jack ChiaMPH, the listed company founded by the late
      463 words
    • Article, Illustration
      Lock icon Craze for .com stocks overdone, say analysts
      511 13  -  Though Net firms have huge potential, only a handfnl will make it big By' Wong Wei Kong [SINGAPORE] Internet-relat-ed stocks in Singapore are emerging as firm favourites but some market watchers are getting uncomfortable with the unbridled enthusiasm with which investors are chasing
      Source: Bridge  -  511 words
    • Article
      Lock icon Tibs and SMRT: a journey yet to be mapped out
      643 13  -  HOCK LOCK SIEW Christopher Tan YOU could say it's a case of putting the carriage before the locomotive. Bus company Tibs Holdings and rail operator Singapore MRT (SMRT) announced last month that they were merging. Their announcements came after then
      643 words
    • Article, Illustration
      Lock icon Electronics stocks look a bit overvalued
      586 13  -  Analysts say further rise may not be steep but have not yet cut ratings for the sector ity> Jennifer Lien [SINGAPORE] Electronics stocks are beginning to look a little overvalued, analysts say, but they have yet to cut their ratings for the sector. In
      Source: Bloomberg  -  586 words
    • Article
      Lock icon Pertama plans placement to raise $2.4m
      182 13 [SINGAPORE] Electrical goods chain Pertama Holdings has proposed a private placement of nine million new shares at 27.5 cents each. The placement will raise about $2.41 million in net proceeds which Pertama will use to reduce borrowings, the company told the stock exchange yesterday.
      182 words
    • COMPANIES
      • Article, Illustration
        Lock icon Liang Court focusing on Sydney, London markets
        526 14  -  In Singapore, the developer launched one project this year, holding back others Ny Rahita Elias [SINGAPORE] Liang Court Holdings is focusing on residential development in Australia and the United Kingdom even as it postpones its local projects. Chairman Goh Cheng Liang and deputy
        526 words
      • Article, Illustration
        Lock icon Nera Telecom seen eyeing end-June IPO to raise $50m
        425 14  -  Market observers say it's likely to be institutional stock By, Annette Pan [SINGAPORE] Nera Telecommunications wholly owned by listed Norwegian telecommunications exporter Nera ASA is launching a mainboard initial public offer in end-June to raise up to some $50 million, say
        425 words
      • Article, Illustration
        Lock icon Econ counters drop as AEL aborts deal with Yenville
        410 14  -  US firm prefers to take up new shares, but deal may fall through, says Econ By i Carol Eng [SINGAPORE] Econ International shares and warrants fell sharply yesterday as USbased Asian Energy Limited (AEL) pulled out of a deal to buy
        Source: Bloomberg  -  410 words
      • Article
        Lock icon DBS Land expects to return to profit this year
        400 14 Reuters [SINGAPORE] DBS Land said it will return to profitability this year after suffering losses in 1996. "Yes, I expect to see a return to profitability this year," said Han Cheng Fong, deputy chairman and group chief executive officer of DBS
        Reuters  -  400 words
      • Article
        Lock icon DBS Bank's statement on tranche merger
        568 14 We reproduce in full the statement on DBS Bank's plan to remove restrictions on foreign share ownership: PURSUANT to the announcement by the MAS on the lifting of the foreign shareholding limits on Singapore Incorporated banks, DBS Bank announced on May 17, 1999, that
        568 words
      • Article
        Lock icon Shin Corp aims to be first Thai firm to list in US
        380 14 It plans to issue ADRs, raise limit on foreign holding AFP, Bloomberg [BANGKOK] Thai communications giant Shin Corp Pic unveiled plans yesterday to become the first Thai company to list on the US stock market. Shin Corp. formerly
        AFP,; Bloomberg  -  380 words
      • Article, Illustration
        Lock icon Thai bourse plans new rules to curb day-end volatility
        404 14 No computermatched orders in last 10 minutes Reuters [BANGKOK] The Stock Exchange of Thailand (SET) plans to halt continuous trading In the last 10 minutes before the market closes In a bid to prevent price volatility at the end of the
        Reuters; FILE PHOTO  -  404 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Intel to go for bigger 12-inch wafers
        648 15 New chips will pack computers with more power and reduce manufacturing costs by about 30 per cent NYT [SAN FRANCISCO] Intel Corp, the largest maker of computer chips, says it will upgrade its manufacturing plants to produce far more powerful processors while significantly
        NYT  -  648 words
      • Article, Illustration
        Lock icon Kodak's Fisher to step down as CEO on Jan 1
        398 15 Bloomberg [ROCHESTER, New York] Eastman Kodak Co chairman George Fisher, the first outsider to run the world's biggest photography company, will step down as chief executive on Jan 1. He will be succeeded by Kodak veteran Daniel Carp. Mr Fisher,
        Bloomberg; REUTERS  -  398 words
      • GLOBAL Briefs
        • Article
          Lock icon Ahold Q1 profit rises 32%
          139 15 Bloomberg [ZAANDAM, Netherlands] Royal Ahold NV, the world's sixth largest supermarket owner, said profit rose 32 per cent, maintaining a 15-quarter streak of double-digit growth after including earnings from Giant Food Inc in the US. Net income rose to 175.1 million euros (*****.4 million) in
          Bloomberg  -  139 words
        • Article
          Lock icon Total owns 94% of Petrofina
          114 15 Bloomberg [PARIS] Total SA said it owns 94.3 per cent ofPetrofina, effectively removing the last hurdle to its takeover of the Belgian company, which will create Europe's No 3 oil company. Since fewer than 10 per cent of shares remain outstanding, Total can ask stock
          Bloomberg  -  114 words
        • Article
          Lock icon EU extends Mobil takeover review
          76 15 Bloomberg [BRUSSELS] European Union regulators extended their probe of Exxon Corp's planned US$BB.2 bUlion (*****.8 billion) takeover of Mobil Corp until mid-October as they examine antitrust concerns in markets ranging from oil exploration to filling stations. The European Commission said it will scrutinise the combined
          Bloomberg  -  76 words
        • Article
          Lock icon HSBC, Compaq, sign e-commerce deal
          77 15 AFP [HONGKONG] Hongkong and Shanghai Banking Corp, a unit of HSBC Holdings, has signed a letter of intent with Compaq Computer Corp for the bank's first electronic-commerce initiative, the two said yesterday. Under the agreement, Compaq will provide HSBC with a secure payment gateway, which
          AFP  -  77 words
      • Article
        Lock icon Microsoft president expects PC sales to slow on Y2K fears
        307 15 Bloomberg [NEW YORK] Microsoft Corp president Steve Ballmer said he sees sales of personal computers slowing in the next 12 months because consumers fear the year 2000 datechange glitch. Sales of other computing devices will boom in the next several
        Bloomberg  -  307 words
      • Article
        Lock icon Dell offers financing
        83 15 Bloomberg [ROUND ROCK, Texas] Dell Computer Corp, the leading direct seller of personal computers, is starting a financing programme that lets customers pay for PCs over a period of four years. Users of the programme will pay as little as US$27 (Ss46) a month for an US$B99
        Bloomberg  -  83 words
      • Article
        Lock icon Motorola, Sun team up for high-speed Internet access
        444 15 They plan to have a wireless network system by 2001 NYT [CHICAGO] Motorola, one of the world's largest makers of wireless communications equipment, and Sun Microsystems, which is best known for its Solaris operating systems and the Java programming language, said on
        NYT  -  444 words
      • Article
        Lock icon C&W Optus in Net venture with US' Excite At Home
        531 15 Anst telecoms firm to offer cable modem service in growing retail market Bloomberg [SYDNEY] Cable Wireless Optus, Australia's No 2 telecommunications company, has formed a joint venture with US-based Excite At Home Corp to deliver highspeed Internet services as it
        Bloomberg  -  531 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Deutsche Bank boosts interest in Greece
        573 16 It buys into what will be No 2 bank; still needs French bny to seal network Bloomberg [FRANKFURT] Deutsche Bank AG, the world's largest, is nearlng its goal of a European network after buying into what will be Greece's sec-ond-biggest bank. The missing link,
        Bloomberg  -  573 words
      • Article
        Lock icon Minnesota sues bank for alleged sale of customer data
        354 16 Reuters [ST PAUL, Minnesota] A Minneapolis-based bank is being sued by Minnesota's at-torney-general for allegedly giving a telemarketer customer information including Social Security numbers, account balances and credit limits. Minnesota attorney-gen-eral Mike Hatch said on Wednesday that US Bank, a unit
        Reuters  -  354 words
      • Article, Illustration
        Lock icon Iraqi oil field sees more activity
        92 16 [QORNA, Iraq] An Iraqi working in the huge Qorna field in the south of the country on Monday. For thefirst time in 25years, journalists were allowed to visit the site, which authorities said will increase production from 40,000 barrels per day to 80,000 next
        AFP  -  92 words
      • Article, Illustration
        Lock icon Paris puts block on foreign protector for Societe Generate
        363 16 FT [PARIS] The French government has told Societe Generate it would be unacceptable to bring in a foreign bank as a large shareholder in an effort to block the hostile bid from Banque Nationale de Paris. The office of Lionel Jospin,
        FT  -  363 words
      • Article
        Lock icon Soros Fund seen doing better after changes in staff
        321 16 Changes follow 3V2 years of sab-par performance at USs7b Quantum fund Bloomberg [MOSCOW] Billionaire financier George SoroS said he expects changes in personnel at his hedge fund company Soros Fund Management LLC to improve its performance. Three Soros Fund managers left
        Bloomberg  -  321 words
      • Article
        Lock icon Two UK money brokers may merge to create world No 1
        321 16 FT [LONDON] Two listed UK money brokers said they are discussing a merger that would create the world's largest wholesale money broker. Combining Garban and Intercapital, which the companies disclosed on Wednesday, would continue a wave of consolidation in
        FT  -  321 words
      • Article
        Lock icon Futures higher on optimism over economy
        116 17  -  STMBX Reports ffgfiT Tmlttg Larry Tee, Jardine Fleming THE MSCI Singapore Index closed higher yesterday, ignoring overnight falls on WaU Street, on the back of optimism that the economy is recovering soon. Japan's first-quarter real gross domestic product (GDP) growth of 1.9 per cent
        116 words
      • Article
        Lock icon Futures continue upward trend
        235 17  -  MSCI Taiwan Mm Juliana Loo Na Na Refco Singapore THE Simex MSCI Taiwan Stock Index futures rose 2.2 points. It has maintained its steadiness for the past nine trading days. Banking, insurance and computer-related stocks performed incredibly weU, stirring up investors' interests. The Taiex rose 39.05
        235 words
      • Article
        Lock icon Oil exporters in talks on strategy to prevent boom-bust price cycles
        313 17 ENERGY REPORT Reuters [LONDON] World oil exporters aim to stabilise volatile petroleum prices by intervening in the market if it strays too low or too high, a senior Gulf official said yesterday. Saudi Arabia has taken a leading role
        Reuters  -  313 words
      • Article
        Lock icon CURRENCY REPORT
        342 17 Reuters f THE dollar rose from sevenweek lows against the yen in Europe yesterday, fuelled by buying by the Bank of Japan, and analysts said dollar strength was likely to remain, at least in the short term. The dollar jumped from a low of 117.63 yen to a
        Reuters  -  342 words
      • Article, Illustration
        Lock icon Untitled
        1186 17 MTBIBiWCIOggliTBg Jun 10 a ta [W nr f HM todteNrtH V W «M gSUfch N«o I— Sir CT$ MM Nnnd US< Australia 0.970 6.178 0.628 4.119 1228 5.119 28.369 ***** 0.786 7.701 2.508 1235 ***** 24.967 1130 4.050 L001 21.427 24.370 0.412 0460 Canada 1.030 5.644 0.647 4.245 L266 5274
        1,186 words
      • Article
        Lock icon Untitled
        1655 17 B1C0M FUTUIB8 J un 10 RUNERCMmtdoitafatatSJOpM) RSS1 CONTRACTS cmts/ka) OOM VofeMM OpOT H* lw» Sttt (twm) Ifmt jJM 106.25 TOO Aug 99 107.50 107.50 108.25 75 300 Sm m.25 275 0ct/0*c99 «.TO OJJ jMAteOO BOM 300 Apr/Jn 00 12*00 ISS 3 CONTRACT (US cMbAt) Ml ifc L— SOt «WM) *99
        1,655 words
    • Article, Illustration
      Lock icon HONGKONG
      1422 18 AFP PHangSeng -3&21 HONGKONG share prices fell 0.3 per cent yesterday in late selling, reversing earlier gains following China's interest rate cut, dealers said. The key Hang Seng Index lost 35.21 points to close at 12,839.21, ending a three-day winning streak, on a turnover of HKSB.7I billion. "There was
      AFP  -  1,422 words
    • Article, Illustration
      Lock icon CHINA
      563 18 Reuters flShanhcnß Index *U4 SHENZHEN'S hard currency B share index closed 6.64 per cent higher yesterday as an interest rate cut lent encouragement to sentiment already made bullish by hopes of government market-boosting measures. China's central bank cut deposit rates by an average one percentage point and lending rates
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  563 words
    • Article
      Lock icon rAiPEi
      320 18 AFP QWPlofcx +3US TAIWAN share prices closed 0.5 per cent higher in active trading yesterday on heavy buying of financial stocks, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 39.05 points to 7,996.76, extending its rising streak to a ninth consecutive day. Yesterday's volume climbed to a
      AFP  -  320 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2062 18 LONDON Mntrtab Jm» M 31 Croup 7-22 -0.07 Abbey National 13.02 -0.16 A B Foods 4.51 -0.10 A 8 Ports 2.84 -0.01 Alliance t Leicester 8.74 -0.06 ANled Oomecg 6.01 -0.05 ADM Zurich 7.71 -0J6 Anglo American CoM 43.70 unch ASOA Croup 1.86 unch Banket Scotland 8.42
      2,062 words
    • Article
      Lock icon TOKYO
      1582 18 AFP QndriZß «4MJ2 SHARE prices in Tokyo surged 2.9 per cent yesterday on growing optimism about gross domestic product data, brokers said. The Nikkei 225-stock index climbed 480.12 points to end at 17,102.62, reclaiming the 17,000-point mark for the first time since May Mounting expectations of strong economic growth
      AFP  -  1,582 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Lock icon Untitled
        8236 19 MBWTBMLS Cmmmmt prefect* iw Last vol Day Net Cap MH» Lwr Cwumf »«>« *000 Wgfc L— Pit <■* »0 255 Ajmomolo 358 18 4 360 356 22.7 M5.1 115 46 Angkasa 8« 4 92 S7 S3 126.8 293 220 Apollo Food Hlg 264 M 105.6 204 IIS BarfayaLand 180 6
        8,236 words
      • Article, Illustration
        Lock icon Bargain-hunting sends index up 1.3%
        374 19 AFP, AFX-Asia A Composite Index +I(U9 MALAYSIAN share prices closed 1.3 per cent higher yesterday on bargainhunting, but off earlier highs amid bouts of profit-taking, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 10.19 points to finish at 767.69, off an earlier high
        AFP,; AFX-Asia  -  374 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Lock icon Internet fever benefits SNP warrant
        180 20  -  WARRANT WATCH -By Ven Sreenivasan THE market has developed a bad case of Internet fever in recent weeks, with punters piling into any stock with some element of Internet or e-commerce business, no matter how small that may be. The latest to enjoy such attention
        180 words
      • Article
        Lock icon Untitled
        2281 20 BONK, LOANS ft WARRANTS m 52-W* Last Val Day Last Owti Avg HlgH Lm Stno Company Salt COOO) High Low Buyar SaMar Prtca 98 5 3 t 3160 "Acar ******1 USS 81 Ts 490 85 80 805 815 57.5 4.5 1 3164 Acma ******4 51.5 -0.5 1373 53.5 50 51
        2,281 words
      • Article
        Lock icon CLOB INTERNATIONAL
        196 20 Or Cr 32-Wk Lad V* Dmy UrtOmto Mr 0* VM Nat M C«» High L— ttn« Cimtmi %t*» rOOO) Ht» U» 8«yr >T Cw r/I $w 365 173 5123 CDL(2000)HK 340 135 355 8 3.7 2.4 tl.5 6583 5124 Cathay Pac 20c HK_ 720 265 2.1 7A 6
        196 words
      • Article, Illustration
        Lock icon JAKARTA
        668 20 AFP DjCamposite Index -14.4 INDONESIAN share prices slipped 2.1 per cent yesterday with the index extending losses on profit-taking in large stocks amid investor caution over the slow votecount in general elections, dealers said. Pentasena Arthasentosa analyst Jordan Zukarnain said the fall in the index after its sharp post-election
        AFP  -  668 words
      • Article, Illustration
        Lock icon BANGKOK
        869 20 AFP H SET Mm «0 J4 THAI share prices closed marginally higher yesterday, climbing less than a point after succumbing to profit-tak-ing, analysts said. The Stock Exchange of Thailand Index closed just 0.94 point higher at 511.44. Analysts said shares closed off their highs as prof-it-taking mainly in banks
        AFP  -  869 words
      • Article
        Lock icon MANILA
        316 20 AFP Q Manila +145 PHILIPPINE share prices closed 0.3 per cent higher yesterday on selective buying of blue chips, analysts said. The Philippine Stock Exchange Composite Index rose 6.45 points to close at 2,372.90 points. Volume fell to 1.08 billion shares worth 2.63 billion pesos from 1.32 billion shares
        AFP  -  316 words
      • Article
        Lock icon SEOUL
        389 20 AFP TiOompoßtofain +52J SOUTH Korean stocks rocketed 6.5 per cent yesterday in the market's biggest point jump, with foreign players propelled by optimism over Chinese rate cuts and a rebound in the yen, dealers said. Bargain-hunting following a 5.9-per cent fall in the index a day earlier also fuelled
        AFP  -  389 words
      • Article
        Lock icon SYDNEY
        642 20 AFP PAllorilnaria» -IS AUSTRALIAN shares closed down 0.2 per cent yesterday as a mixed lead from Wall Street left investors uninspired despite strong gains in Tokyo ahead of the release of economic growth figures. The All Ordinaries Index closed down 6.9 points at 2,978.60. The All Resources Index finished
        AFP  -  642 words
      • Article
        Lock icon WELLINGTON
        290 20 AFP H Wellington *14j03 NEW Zealand shares closed 0.7 per cent firmer yesterday after a light session dominated by gains in Telecom Corp and a number of mid-cap stocks. The NZSE-40 Capital Index ended up 14.03 points at 2,128.45 on slim turnover of NZ$BO million. —AFP JnlO KS CM*
        AFP  -  290 words
    • Article
      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6635 21 Transaction date Juii 10 Or Or M Wt S2-WH Last Vol toy Last Ouata W» Oht YW Hat Cm A»9 Hm» law »«w cimm «n rooo> wt> i—» low uam cvr e/i S— MULTHNBUSTIY 147 17.5 m b 1000 Acma 50c 143 cd *1
      6,635 words
    • Article
      Lock icon SESDAQ
      1227 21 25SL "swistar- sxsuisr"" notes <MW»«MM>TIIIIIII I amtemirtwMMfcUlMfc—>■>»*»*» Mill WMMpM TbootOltatffttftoi l;^^S5SK.TJ!M::tt:sssspi*I WSSBBmKSStmKHBm Of Of Mm 32-Wk LMt VI Day LartOwta Dk Ml W M Cap A«4 hum t— Mm ciw>nr room hhm c— 4a4ac cw M 142 30 c 2049 'ASAuto 10c 130 *7 4044 130 125 125 130
      1,227 words
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      62 13 B V LG A R I ALUMINIUM Spirit of innovation JJTJ* > Wc i 'I, y f In aluminium, rubber and st<el. Automatic or quart* movement. Available tn three sizes. From SS 2,000 Available in Singapore at Bvlgari, Hilton Hotel 737 1652 Takashimaya Department Store 735 6689 and: Dickson Watch
      62 words
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      454 15 YtjHgaKl Dutch Asia to Europe between |H June land October 31, BSI ?|Bhl] IHIH HI "^iuhopkiimt fly free I after juat one flight! Because KLM generous mileage program, have teamed up an incredible European Bonus Better our 60th 3 l¥K I SfeVbVl anniversary with an even mote generous giveaway. Enroll
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      1028 16 OSSIA INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN THAT THE EIGHTH ANNUAL GENERAL MEETING OF OSSIA INTERNATIONAL LIMITED will be held at the Boardroom, No. 10 Changi South Lane «07-0 l OSSIA Building. Singapore *****2 on Monday. 28 June 1999
      1,028 words
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      Lock icon Page 16 Advertisements Column 2
      7 16 ■ODAY©fc-M#. lanhelaobao mwnmm MRU? «±W&» HL ci*w»»
      7 words
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      30 19 Classified First. Need to get something fixed? r simply seek out a good buy? Your best bet: Check The Straits Times —Classified First. CATS. Buy k. Sal k. R*d k.
      30 words
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      86 20 f calling about /See...l told\ \M£ card we'reV the computer 1 you this was a J Sn N: making for Susan 1 1 advertised in I good deal, y' X Yup, we got what 'A is going to be y The Straits Times J f 1 we wanted because real
      86 words
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      268 21 ASV HOLDINGS PTE LTD notice op special iiaoumoM Nona IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MUTING OP ASV HOLDINGS PTE UTD DULY CONVENED AND HELD AT 268 ORCHARD ROAD #17-01 SINGAPORE *****6 ON THE 4TH DAY OP JUNE 1999 AT 2PM, THE FOLLOWING SPECIAL RESOLUTIONS WERE PASSED: Special
      268 words
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      286 21 RATTI ASIA (S) PTE LTD MM MMumoNS NOTICE IS HBREIY GIVEN THAT AT AN EXTRAORDINARY GENERAL MUTING OP m COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO SECTION 179«) OP THE COMPANIES ACT (CAP 90) AT ***** COMO, VIA CERNOWOI9 ITALY ON TOE 7TH DAY Of JUNE 1999 KIIOAM, THE
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      193 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GAO/GMM (S) PTE LTD (In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE It hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting of Members of the Company
      193 words
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      15 21 Buy It. Sell It. Find It. Classified. f§» CATS. 1800-737-1166 Call Today For Results Tomorrow.
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Lock icon Untitled
      379 22 Stwta VX-w Draqonland K)c 41,005,000 Eagle Brand Hldqs HK75c 40,792,000 Hesiw Hldgs25c 36,069,000 Asia FoodiProp 35,353,000 Eastern Asia 32,234,000 Brilliant 8c 32,017,000 Hotunq Inv NT5 29,842,000 Datapulse 5c 29,535,000 *TanChonglnt50c 25,956,000 JCMPH 25,396,000 Sticta 1)06 Foreign 38,368,090 •TanChongint50c 35,658,090 KeppelCorp 34,961,290 PacificCentury 34,924,350 SPH 29,153,636 DBS Foreign 29,138,185 Datapulse 5c
      379 words
    • Article, Illustration
      Lock icon Optimism over region's outlook boosts shares further
      592 22  -  STOCK MARKET COMMENTARY Gains by heavyweights add almost 11 points to STI; Net-linked electronics and media stocks also in play By Ven Sreenivasan SINGAPORE stocks continued to power ahead yesterday after breaking through the key 2,000-point resistance level, boosted by general optimism over
      592 words
    • ON THE GRAPEVINE
      • Article
        Lock icon This does not scan
        169 22 THE Singapore arm of a Japanese computer company wanted to draw attention to its press release on its latest product, and what better way than with cash? So it enclosed a brand new $50 note in the envelope with the release. Well, almost. You couldn't pry
        169 words
      • Article
        Lock icon Lehman to move its Asia chief?
        209 22 LEHMAN Brothers Holdings Inc is considering moving its Asia chairman and chief executive, C Daniel Tyree, to New York where he could become a vice-chairman responsible for relationships with key clients, governments and the media, according to Bloomberg. The move would end Mr Tyree's
        209 words
      • Article
        Lock icon Biting the bullet
        70 22 WHILE many Malaysian companies seek L to force creditors to accept "haircuts", listed Sungei Way Group has deckled to bite the bullet instead. Group managing director Chew Chee Kin said the company felt it was unfair to ask bankers to take a loss on their loans. Instead,
        70 words
    • Article, Illustration
      Lock icon HOT STOCK
      64 22  -  By Wong Wei Kong DRAGON Land shares rose one US cent to U550,215 yesterday on a volume of 41 million shares, compared with its 10-day traded average of 6.6 million units. The technical indicators such as the RSI, Stochastics and MACD charts suggest that there may still be
      64 words
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      2316 22 Going to trade online? You need DBS investor Online! Simply the best research. Call 438-1188 today. gSmSBANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 i Ho Wah Genting International Ltd NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Fifth Annual General Meeting of
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      564 22 IN THE MATTER OF THE COMPANIES ACT, CAP M AND IN THE MATTER OF MCLINAO DESIGN STUDIO PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 137 Market Street #13-01 Bank of East Asia Building Singapore *****3 on 7th
      564 words
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      530 22 iwaraiv TNI COMMUNIS ACT, CAR, 80 GRAPHIC LABEL A PRINTING INDUSTRIES PTI LTD (In Voluntary LftovMfltioit) At an Extraordinary General Meeting of the members of GRAPHIC LABEL A PRINTING INDUSTRIES PTE LTD duly convened and held at 8001 Beach Road, <14-01 Golden WBe Tower, Singspore *****9 on the 7 day
      530 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Collectible critters
      1952 23  -  What some of us regard as plastic junk could be worth thousands of dollars to others, jaimb m and paktathi natas track down some serious collectors and get a peek at their treasures on HL2 COVER STORY PARVATHI NAYAR JAIME EE AT A recent midnight sale of Star
      SIEW YAW HOONG  -  1,952 words
    • PERSPECTIVE
      • Article
        Lock icon Watch out, you may be eating your life away
        758 24  -  Off the Cliff by Are we over-reacting to the dioxin scare, or are we not reacting enough? With so many food scares in the world today, apathy is clearly not an option bv Jaime Ee I'VE been listing all the European
        758 words
      • Article
        Lock icon STRAWS In The Wind
        196 24 Additional words of reassurance PORK may be safe to eat in Singapore now, but some hawkers here are still going out of their way to reassure customers. Tong Kee Noodles, a popular wontan noodle stall at the Golden Shoe Hawker Centre, posted this cryptic message on
        196 words
    • STYLE
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        Lock icon At home with Mademoiselle
        1128 25  -  The Parisian apartment at 31 Rue Cambon was where Coco Chanel set herself up as a couturiere in the early years of this century. Today, it continues to be part of the Chanel world a showcase of its owner's distinctive, inimitable style, partato mayae has the
        1,128 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon WHAT'S ON
        406 26  -  Compiled by Parvathi Nayar ARTS FESTIVAL P^jrakiiiinkan The world of the subconscious is brought onto the stage by Butoh expert Akaji Maro in Ryußa. Victoria Theatre, June 11-12, Bpm, Tickets $22, $32, $42, $52. Mr Beng This bilingual musical by Drama Box examines the various cultural gaps and
        406 words
      • Article, Illustration
        Lock icon Agreeing to disagree
        1305 26  -  It's hard to pick a quarrel with Francis Fukuyama. Question his work and he will hear you out before calmly explaining his point of view, as gbua choxo j» finds out at a recent interview in Seoul CHUA CHONG JIN Chua Chong Jin is a bcturtr in
        FILE PHOTO  -  1,305 words
    • MOTORING
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        Lock icon Make way for the mean machines
        729 27  -  They're big, they're bad, and they block out the sun as they pass. But the world will never have enough of monster SUVs, says wuwmivußßTAif CHRISTOPHER TAN LET's admit it, we love big cars. The heck with environmental correctness and puny ponies, what we
        729 words
    • ENTERTAINMENT
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        Lock icon Players in a high-stakes game
        1402 28  -  Though stereotypes are changing and casting directors are becoming more broad-minded, it's still not easy being an Asian actress in Hollywood. Tsai Chin, Julia Nickson, Jennifer Paz and Lydia Look talk to pakyathi kayak about the long, hard road to recognition PARVATHI NAYAR SHOWBIZ in
        ARTHUR LEE  -  1,402 words
      • Article
        Lock icon Ron of honour
        291 28 TBAICHIN Born in China, daughter of China's greatest Beijing Opera actor Zhou Xin Fang. The*trw Credits include title role in The World Of Suzie Wong in the West End; M Butterfly with Anthony Hopkins (1969), title role in Madame Mao's Memories, Golden Child, The Woman Warrior. FOau
        291 words
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        Lock icon Return of the bumbling romeo
        632 28  -  CINEMA Yes, Hugh Grant is back in Notting Hill, playing yet another ineffectual git that women seem to find so irresistible By! Susan Tsang NOTTING Hill is a romantic comedy that assembles a dream team. Writer Richard Curtis and Hugh Grant of Four Weddings And
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      Lock icon CINEMA
      674 29 Analyse This. A shrink psychoanalyses a powerful mob boss. Starring Robert De Niro and Billy Crystal. Beach Road, Woodlands, Yishun, Tiong Bahru, Boon Lay, Marina, Tampines, Grand. Bela Donna. Oscar best foreign film nominee. R(A) Previewing at Lido, Yangtze, Oriental. Blast From The Past. Alicia Silvers tone and Brendan
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      113 29 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Ookfan Village 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon Lay Marina Tampines 8 TiongBahru Yishun Oversea* Movie Clementi/Co'*«altti 777-0669 Golden/New Town
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        1264 30  -  For a delightfully different stay Down Under, head for the national parks where you'll find exotic flora and fauna aplenty, oob hwhb lbmo meets a shy platypus at Eungella before moving on to Cape Hillsborough GOH HWEE LENG EE the little bubbles on the water surface? That's where
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    • EPICURE
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        801 31 At Stix, tan su ten is reminded of how tasty a bowl of rice or noodles can be. And of how, with some imagination and flair, everyday food can be transformed into a hip and stylish cuisine WE COULD barely make out the name of the restaurant from
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        Lock icon Brimming over with good intentions
        948 31  -  RESTAURANT Kibbutz Cafe is the name to remember if you're game for a meal of Israeli favourites-with some Peranakan fare thrown in w Tan Su Yen WE SAW the row of manorahs lined up on the shelves and braced ourselves for the rousing strains of
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        Lock icon Top honours for Westin's Otto Weibel
        456 31 CRAVINGS OTTO WEIBEL, director of kitchens at The Westin Stamford and Westin Plaza, was recently named Annual Restaurateur of the Year by the International Food Beverage Forum in cooperation with the prestigious Chaine Des Rotisseurs. Chef Weibel, who has been a chef for 25
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        Lock icon Cook like Chef Huang
        235 31 CHEFS are slowly but surely coming out of the kitchen. And Taiwan-born Huang Ching Biao of Cherry Garden at The Oriental is one example of this new generation of high profile chefs. Chef Huang, who has lived in Singapore for almost 20 years, is a familiar
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        Lock icon Coffee Club coolers
        116 31 ITS BEEN hot, hot, hot these past few weeks; perhaps too hot to enjoy a cup of coffee. The folks at Coffee Club seem to have realised this and this month and the next, they have introduced what they call their "three new coolers". These candycoloured drinks
        116 words
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        Lock icon Belgian chocolate woes
        118 31  -  Compiled by Tan Su Yen ARE BELGIAN chocolates a no-no in the light of the recent dioxin scare or aren't they? Francoise Newton of Conflserie Newton which sells Leonidas chocolates, one of Belgium's better known chocolates, says her chocolates are dioxin-free Says Mrs Newton, whose chocolates retail
        118 words
    • RESIDENTIAL PROPERTY
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        Lock icon When the majority rules
        1781 32  -  The law has been amended to allow a collective sale to push through despite minority dissenting voices. But certain conditions will have to be satisfied, cobimmb kttrk reports CORINNE KERK Before the law was amended, any collective sale was off even if one owner objected to
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        771 32 WHILE owners are likely to think only of the windfall they might get from a collective sale, expectations must be tempered by looking at the other side of the deal that is, what's in it for the developer who buys the land. For a
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    • PERSONAL INVESTMENT
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        Lock icon Using horse sense in Web investing
        351 33  -  Detailed study is key in electronic shares trading, hamk ezell learns from US Securities and Exchange Commission chief HANK EZELL NYT WHEN Securities and Exchange Commission (SEC) chairman Arthur Levitt talked recently about electronic investing in the next century, he summoned up the old-fashioned
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        528 33 ♦Don't assume your buy and sell orders are executed instantly. "The process is usually seamless and electronic," Mr Levitt said. "It is not, however, guaranteed. Lines may clog, systems may break, orders may back up." That's especially worrisome when everybody wants to buy or sell a company's stock
        528 words
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        Lock icon Boom for high-yield corporate bonds
        747 33  -  LETTER FROM LOMDOM Lower volatility and falling interest rates enhance focus on such fonds BY\ Shiv Taneja The writer is the editorial fund analyst with Standard Poor's Micropal, based in London. THE one industry that is going to be working overtime this summer (other than
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        Lock icon Unit trust performance ranking
        1961 33 And 1Mb 3 mtha 6 MM 1 ywr Jpn Sywn Mcacpai FM 1 Mh 3 MM 9 MM 1w tym lyam MoqM hunch 07-06-1Ml OKB-IMt 04-12-19N 06-09-1981 314B-1989 31-06-1984 *m Mm* 07-05-1989 0643-1989 04-12-19* 0M9-19W 11-06-1906 31-06-1994 star cMk 0H8-1999 0448-1999 OWHW M»mi OWHI OWHW n»Mng
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        Lock icon Corporate change fuelling bull run
        1041 34  -  THE FIXER FOXIIT Restructuring has forced firms In the region to focus on pallia «ul ffumflrfttiny profit By Louis Beckerling A WIND of change is sweeping through Asian boardrooms and putting shareholder value at the top of management agendas. Combine this shift in corporate culture
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        Lock icon US bond rally seen if Fed doesn't up rates
        1100 34 Fonds buy np Treasury securities as they connt on bond yields falling Bloomberg [NEW YORK] Some investors don't buy the widely held view that the Federal Reserve is about to raise interest rates. Instead, they're buying Treasury securities in a bet
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        Lock icon Hiap Seng's price is right: analysts
        707 35  -  STOCK WATCH Engineering firm's shares are a buy, analysts tell ammbtte pau ANNETTE PAU INVESTORS wanting a piece of the IPO pie and who aren't sold by glitzy jeweller Lee Hwa's ma inboard offer could consider the less glamorous Sesdaq option of Hiap Seng
        CHRIS LOH  -  707 words
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        Lock icon Lee Hwa set to sparkle on debut
        879 35  -  Bnt relatively high price may tarnish Jeweller's mainboard foray: analysts By: Rahita Elias JEWELLER Lee Hwa Holdings, the first pure Jewellery play on the local bourse, could not have launched its Initial public offer at a better time. The IPO fever, which started
        SIEW YAW HOONG  -  879 words
    • Article
      Lock icon ACU DEPOSIT RATES Offered by various rates banks (as at June 9,1999)
      1240 35 D«po«l> mwuw> VtKh D«po<imncMm Inwtfi >hw» dbs Bank wmmmm—mmm hsbc mmmmmmmmmm At At 310,000 A24,909 4.2500 4 0100 4 0000 25,000 74,999 3 7500 3 8125 4 1875 A25.000 A49.999 4,2700 4.0100 4 0000 75.000 149,999 3 8750
      1,240 words
    • SMART MONEY
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        Lock icon Building up a dream business
        1096 36  -  A look at various ways to get funds that can help kick-start that enterprise and get it humming along, ohhibwa taw has the details CLARISSA TAN STARTING your own company requires a great deal of confidence, business know-how and —you might as well face it
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      • Article
        Lock icon All you need to know
        421 36 t/ These are some questions we've received following last week's feature, "Getting more out of CPF savings answered by a panel of experts from Keppel Tat Lee Bank. Do keep your questions and feedback coming! Qls In the event that the bank is required to
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    • PERSONAL FINANCE
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        Lock icon Using your assets to secure a new loan
        1192 37  -  An investor need not liquidate his current assets to finance a new purchase By. Barry Lea The writer is deputy country head at Lloyds Bank pic in Singapore AFTER months of relative calm, the housing loan departments of banks have started to
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        Lock icon A NEW way to shop
        950 37  -  Another card for shoppers joins the plastic parade. The card issuing company tells casol eno why it thinks its card is different from the others CAROL ENG THE plethora of plastic cards hasjustgota new addition a lifestyle loyalty card that hopes to tempt shoppers with
        CHRIS LOH  -  950 words
    • EXECUTIVE MONEY
      • Article, Illustration
        Lock icon Selling up the neighbourhood
        1619 38  -  A collective sale of property is more than just rounding up a few neighbours and taking out an ad in the papers to sell some apartments in an estate. corimmb compiles a guide on the nuts and bolts of collective sales CORINNE KERK THE recovery of
        PHOTOS BY SIEW YAW HOONG  -  1,619 words
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      185 23 Style 31 Rue Cambon EL 3 I Our Membership Rewards program puts you miles ahead. I I With the American Express* Membership Rewards program, you earn valuable points every time you charge to your Card. Points which you can convert into airline Frequent Flyer points. H I You can claim
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      4 23 Australia's national parks WW
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      255 24 CRYPTIC CROSSWORD APRO* HMF K hhhk m MM 7 No one left as ideal partner? 8 Start to console one depart- LnJ—lnJ—LgJ—— ing, getting the axe (7) 10 Don't work hard enough to get theatre role (10) Pays extra for bits of advice 12 Try to listen it's well said
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      249 25 ft*..*'' i;. it r, PJ.. £.1.1. A. L. .A R T 2.1 Mega Pixels Capture All the Beauty <bbbb B HOTrelatingleneunß aMows shooting from virtuafty any angle Memory Stick compatibility provides access to a growing world of products and applications. ■8881 HH MMfli IN sllM Save data on a Memory
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      160 26 Where to wine, dine and entertain..#^ Every Saturday and Sunday pamper yourself from ai early aa 12.00pm to our sumptuous High Tea Buffet of popular Asian and Western sweets and savouries at Cafe TkMfla. CALL 330 3585 OR 330 3590 FOR RESERVATIONS "^jsss! 76 Bras Basah Road, Singapore *****8 Tel:
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      68 26 available for: private parties company dinner and dance conference seminar and meeting. HOTEL QRANO CINTRAL UMITEO 22 Orchard Road/Cavanagh Road, Singapore *****7 Tet 737 M 44 Fax: 733 3175 depend on Advertise in Wine, Dine Entertain of The Business Tunes and reach out to 140,000 readers daily. y Contact Jennifer
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      100 26 Mm H 7bin: ipm-lam Fri, Sat A En of FMk Holiday; spm- 2 am Sim Claud ■wih' Singer's Hub fcw S.OOpOT IMpn My -pi Coleman's ICTVI x>u nn it 20% off on ol drinks v_oieman IM v Lounge u t —-—i fi, i r f a cosy niche of endless
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      139 26 One of the best places to enjoy nonya food is St. Gregory's Brasserie. Our chef won't disappoint you with his buffet spread of Nonya specialities, including Kueh Pietee, Ayam Buah Keluak, Otak Otak, Udang Assam, Yang lau Foo Lemak and Apom Berkuah, that vary every day Daily Nonya Lunch Bufirt:
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      138 26 LMLsiNtf FLAVOURS 10 to 20 June 1999 Let our 3 visiting chefs whip up a feast made "|qp from the freshest ingredients and moat unusual <W spices of Australia as you enjoy our range of Stonier Wines. -SET Special Set Lunch: S2B+++ per person available Reservations: 831 6288 MmJkwiMJiyynr Pfii
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      111 27 The fit survive... but only the best get chosen. 1999 Enterprise 50 nominations are now open Companies can nominate themselves by completing the official nomination form. Companies must be home-grown, privately-owned and incorporated under Singapore's Companies Act (1994 Revised Edition) with four years of audited statements. Nomination forms are available
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  • Page 29 Miscellaneous
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      2332 29 TODAY'S TV aa 2.00 News Day. ■Biwuu-npn wmwiHfl U0 Asian Market Report. 2.30 PM TV Innovations. 6.00 Headline News. Pooch the patrol car —an 630 Pocket Dragon Adven 630 Asian Market Report nflttPP unforgettable experience. 5.30 Barney And Friends. V 730 Asian Market Report. paitUi 6.00 Maisy. R' 8.00 Headline
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      111 30 ■gglf Afiri jf lIM| r^Bl jn^SLHU dining, you ride first-class on The Ghan, look at Australia. This exciting new package more leisurely and relaxing pursuit. Isn't that ~S^m ajMh and South Australia in one tour from the agent to find out how you can get on the IB|f« in§ natural
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      41 32 I cm r 1 D I D y T 3 /.'Home. j inanana Hotline: *****68 SINGAPURA BUILDING SOCIETY LTD Ang Mo Kio 458 4222 Bench Road 292 1459 Bedok 445-80)1 Bukit Timah 167 1918 East Const 348 8262 Serangoon 299 8855
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      75 32 For Sale By Tender investment sales Site Area 36,078 sq ft J I EHKHRII "1 May be redeveloped into a M jjltiFfll 20-storey hotel with 486 rooms ijf Permitted GFA 151,531 sq ft; -"Zl \xiM- 4.2 plot ratio Facing Katong Park with sJ*lgn excellent sea view Other development options include
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      16 34 Sm<& Your weekly guide to pubs and lounges every Friday in The New Paper Fastads fastads
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      111 34 0% Uit EXE it. tflE Luatdfl uouwe afcvaiji ojantsd 'ionizdau todau. Siiuoro s new I'ri\ ilt*i*o I'nrchiiso M,iiul n\l l h.i 11< ivd »m) 11 I'roj^r.imme. Ni"- i 1 n« <w f.i-ici t•»i > >ii li> lv n|i p.i\ in4 b\ 1 list j I mrn! .1 j£" v, 'X£222J|
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      32 35 €B€L THE ARCHITECTS OF TIME MADONNAAND HER 1911 portrait by Hans Gissinger Ss62o per month* (12 month interest-free instalment) *PricM (üb)cct to chang* without prior notic*. Programme Include* all model* from Eb«l.
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      66 36 Call Kappal far a Hauaing Loan 222-8-222 r vv j ®> |P Tha toHfhact part about awning a Kama, la getting startad. That'a why wa ballava In alfarlng faaturaa that mafca our Maaalag Laaa aa affardabla and flaxlbia aa paaaltria; Ilka highly oampatltlva Intaraat rataa and oaaifartabla rapaymant plana, far
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      198 36 brought to you by Bank Give us your feedback and win a wristwatch The above article is the tenth of a 13-week educational This exclusive Keppel v series on personal finance. We would like to hear your Tat Lee Bank wristwatch will views on the above article and any questions
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      53 37 A* Locate its owner through Classification 821 (Found). Simply call CJLT.S. at 1800-737-1166 for this free service. jau^ Buy h. Sdi h. FM K. Another Classified Servfc« Classified First. Looking for a holiday destination? Or simply getting away from it all? Top of your itinerary: Check The Straits Times Classified
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      254 37 ONE-STOP FINANCING FOR ALL YOUR PERSONAL NEEDS mzt Ifl gE&S i A variety of loan plans at attractive rates A variety of loan options at low interest for executive condominiums, apartments rates will put you in the driver's seat fast, and houses. m Kf. fe, &&&*<. i -^»».«sa K'-. w
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      298 39 Bridge News, Radars THERE was talk of higher levels for Panmaxes in the Pacific in late trade with rumours of US$9,OOO daily being concluded for a round voyage, although details were scarce. The sentiment for very large crude carriers in the Persian Gulf was softer f with levels
      Bridge News,; Radars  -  298 words
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      60 39 fj ji 5ssaia=ll k~% *m* m *h n £5«ter=i« IS llnownti Cant 0A4 0.01 tlU VlnMntmtar AO* unch MO JwW Hm m cir«j.-=is as ui o.»o iotT4 Ki—«*<«> o.to una o NatTMNtv 0M OO* MM Wt y- yg nS^mAMiHi». »,oo -0.0S swwadtt ta ra Jmn Tw »n kwnmhmvy
      60 words
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      Lock icon Gujarat port firm seeks partners for 49% stake
      428 39  -  It is developing 8b rupee port of Mnndra on west coast By Felix Chan [SINGAPORE] India's Gujarat Adani Port Ltd (GAPL) is on the lookout for equity partners to pick up 49 per cent to the company and has been to discussions
      428 words
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      Lock icon Report piracy attacks, KL urges shipowners
      235 39 Bernama [JOHOR BARU] The Maritime Enforcement Coordination Centre (MECC) has advised shipowners to report to the centre if their vessels were attacked by pirates on the high am..ao that lmmediatMj pWwtaken. -liJiWlLl T Abu saman Sara shipowners preferred to report such incidents to their
      Bernama  -  235 words
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      Lock icon Zim upgrades Thailand-Taiwan service
      132 39 [SINGAPORE] Zlm Israel Navigation is upgrading its weekly, fixed-day, ThailandTaiwan service with bigger ships and an additional call at Cambodia. Zim Indochina Line (ZIL) is doubling the size of vessels used on the route to three 500 TEU contalnershlps, com- pared to three 250-TEU vessels used
      132 words
    • Article
      Lock icon Wilhelmsen limits its liability for damaged cruiser to US$500
      735 39  -  ADMIRALTY CASEBOOK By i Selva Kumar THE Federal Court of Australia recently had the opportunity to consider the US Carriage of Goods by Sea Act (COOSA) 1986, In particular the package limitation provisions under the Act, which limit a carrier's liability
      735 words
    • Article
      Lock icon China's ship exports forecast to fall this year
      321 39  -  Japan, South Korea posing strong competition From] David Taylor in Hongkong VESSEL exports from mainland China are expected to fall this year, as a result of fierce competition from Japanese and Korean shipyards, aided by their falling currencies. The international market for
      321 words
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      Lock icon Malaysia to keep lookout for any further oil spill
      446 39 Bernama [PORT DICKSON] Aerial and sea surveillance over the wreckage of the cruise liner Sun Vista in the Malacca Straits will be maintained for at least another week to monitor further oil spill, said Department of Environment di-rector-general Rosnani Ibrahim. Although
      Bernama  -  446 words
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      Lock icon Trauma from cyclone lingers
      715 40 POST OF KAKDLA India's busiest port is still recovering from the devastating cyclone that ripped in from Arabian Sea last year Reuters [BOMBAY] IN India's busiest port of Kandla, north-west of Bombay, Nan Bai loaded a bag of rice on to a ship and then gazed
      Reuters; FILE PHOTO  -  715 words
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      318 40 PAW Frota 12 ANL 3 Frt Links M Accord 8 CUnk 4 Ahrenkiel 14 CMWtrans 6 Appenship S M Austral 8 Story** M Avert 14 HalSunHup 12 B'tang Mas a 7 ISA 7 H *nl' n 3 ITl. 14 Htung-A 4 MaH Shpg 4 Mo# 9 h
      318 words
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      26 39 Portof Kandla: Trauma from cyclone lingers India's busiest port is still recovering from the devastating cyclone that ripped in from Arabian Sea last year. Page 2
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      129 39 Manila to renegotiate Asian air accords in bid to help PAL Discussions being held with Taiwan, South Korea, HK and Singapore. Back Fag* •Sinking of shoes FAR EAST/EAST COAST OF SOUTH AMERICA SHIPPING TRADE DISCUSSION FORUM Notice to Customers This is to advise that the Member Lines of this Discussion
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      995 40 I NORTH AMERICA I IBfPOOTI OTHER DESTIHATIONS "Mi Ifl >* |"<<™' W 'www "y!?*! jul-, tbmi sag- me ha m/W m/w uhi ~w7ir ~W*i tW $P mumo oiw lis/mI io/w h/w »/w w 9/v mCASTOa 11BM B/M I M/MM/071 U/W 11/07 14/07 11/17 H/W OMMUMTOnBS Li«|b/m| M/w il/17 01/ M
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      555 40 lines services represented »y Members of the Reg«try \v|ttSJsJ Accredited Shipping Agents, \«m y Singapore SNpping Association Members of the S^*TSS£5 ,W0 NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBUIK PROJECT CARGO T0... DAMMIR/FRIMANTU (MONTHLY SIRVKI) MV "TBN" ETA SIN 26/06/99 BOOKINGS CALL MONKA/JUUA TIL 323 4374 CONIANOS/ conventional cargo ETAPKL
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      1125 41 TO iUItOPE FROM EUROPE VBSa VOT »M IW H« Bf au m 184 [yfSSB VOT I ITM MB HAW WV SOU FIT UH «N~ mosr S77W 12/14 21/04 29/04 02/07 03/»7 wxcrrmi out 20/05 22/05 25/ os io/os NOl AGATE OISWT 14/04 01/07 OJ/07 M/ 07 30/00 NOHOUTt 01* 13/05
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      2427 41 <g) HANJIN SHIPPING iikP I *lfcW»iU« -SM *****0 HAKJW SWffWC (S) HI ITB M WOMIt *****3S 737 SAIB *****74 731 OOQIMBIT *****71 774 OfHWIOMS ********** tMIUW *****55 HU 777WM 810 HS34KMMM I TO NW USA A CANADA USA CANADA* wtva/voT IMI 91 u* hau/vot su m PU oi kp m
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      1560 42 DSR-SENATOR LINES TO UK/CONTINENT TOMEDITERRANEANCANADA an ww mT" Ltw htm tm ham wv rji «mi vot mm «t vt ro wx mtw HMUMGEWM WQMM 11M 1317 04 07 B1 07 82 07 04 17 PACIFIC SENATOR WHOM KM 77M MM (1 17 0.(7 11(7 HARM COiOMBO NIK 7 IS M
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      917 42 AM MAU-NcLS S PURE M'SIA Carrton RflN COHTH LMES, MC KOUDAKkmnurx H\=/\~ J cmmtoimmiwmum 88U:(om)sisi7b MAMUL(632)MM4M w PEHAHQ; (04) *****38 BANGKOK: (562) *****67 SURABAYA: (31) 2SISSO P. KB-AWQ: (03) *****77 JKT. (21)*****07MPN: <51)5446» KUCHMO (862)*****1-3 KARACHI MADRAS MV "HELGA WEHR" V. 13A MV "SEA MARINE'' V.SMNO6S ETA SIN: 13-6-99 ETA
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      672 42 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO VMMI STORE N. SMEW COLOMBO PKLANG BMAS TMA VIIBW 14 JIM 8 JUN BJUN 84 JUL CAPE CANAVERAL VIB7W M JUN 8 JUN M JUL 11 JUL TULSIOAS VIII 21 JUN M JUL 11 JUL IS JUL B. MAS TIGA V.117W K JUL IS JUL
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      1246 43 IVESSet VOY KMH HKQ I SIN I PKQ I PQB I PXB PMM BA BIK IRAN SHAHRYAR PCL-8108 09/06 11/06 18/06 16/06 20/06 26/06 27/06 20/06 01/07 IRAN BAABAEI PCL-5107 16/06 18/06 22/06 23/06 02/07 03/07 04/07 06/07 08/07 IRAN TAKHTI PCL-5108 23/06 28/06 29/06 30/06 00/07 10/07 11/07 13/07
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      1971 43 SJNGAfORI'S GENERAL AGENTS: SO ROOINSON RD TEL: 226 1900 FAX: *****08 OUTWARD (IA) *****02 JOHOKE OHIO: I COSTAR SNIPPING PTE LTD #12-00 sales/mgs *****57/t0 inward dett (D/o) *****1s COSTAK AGENCIES (ID SON MD aNQ:117»7S*****« SINGAfOtt *****0 CONVENTIONAL *****50/55 T/SHMT DIPT *****25 TEL: 02-07-1$ ***** FAX: 02-07j5M170 yyyVOY HKC SHA ON
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      1371 44 EUROPE/UK/SCANDIMAVIA/FINLAMO/RUSSIA S6P ROM ANW HBG THP ZEE LHV LHV TMP ROM ANW HOG Ptt SfiP E. DIVINE RW-006 15*6 03/07 IM7 04/07 00/07 07/07 00/07 E. RACER RE427 IM6 M/ 08 21MB 22*5 23/06 11/00 11*6 E DELIGHT RW 008 10*6 00*7 14/07 11/07 12/07 13/07 14/07 E. REPUTE RE-010
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      717 44 f jgggPff PACIFIC INTERNATIONAL UNES (PTE) LTD A I 111 140 Ceci Street, #03-00 PlLBuMing, Singapore *****0. I I C 8 NO **********06 I •■urr. r,; iia-jgfc a;t T y ii; iw hid I IwtATHumu? MS 17/* u/t »/> «/y t/y H/7 ii/y n/y I I ivßsa vot Is«I CI
      717 words
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      533 44 NANTAI LINE FUUY CONTAMERISED SERVICE TO MAUR(TWS SOUTH AFRICA vessel vot an pui w m cw ta MAimiQUffll Y.PSS 13/H 21/ M B/Ot 2M* >1/17 lUWUIMA6OB tOI4S 70/ M W/M 03/07 04/»7 17/17 mmiVBUS VO3SS IH/07 MP 14/07 H/B7 Ml 0/07 GomaouGoi mas ivo7 a/07 27,117 30/07 31/07 mroiQUffll YO34S
      533 words
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      379 45 BSfl ik BHMMfIMMMM^M MW MYANMA VBBBk FIVE STAR UNE T" (Myiwf National Um) w Loodtef f«r Ynjh (RaafMN) VBSa VOY SM PU KN MM MAMAMYM MW SU SA6AMG MW SU MAIAYSIA AGENTS: OOUSTIAO SMPPM AGOIOES KHL TH (03)*****00 PKL TH (03)*****01 rat m (Mi *****12 rat m <17)*****21/4 BANK LINE
      379 words
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      1336 45 HMN^ HYUNDA^AERCHANTMARJNECOj^TD^^^^^ [vissa voy I 4m I sou I m I ra I ant l nw I mv l m Ifwssa wrlsal jn I m 1 am I mw mv m f sm MOSa S27W 11/ M 82/17 03/07 17/00 17/00 M&CYPM OIK 10/ M M/M B/M B/M 11/10 WOWS
      1,336 words
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      1018 45 nor»%«gian yobfcwd ouftxomars v* QS&sks Wilhelmsen Lines TO NORTH AND UTIN AMERICA "BONO HEAVTUFT SBVKE' |VBSa VOY I RAMP HBGHT I SM I LAX I CRL MA I SAV I BAI I OKf NYC IKWI Ml TAIADOT FOl2 4001— 6.3 M MPORT 00/07 15/07 11/07 2070T 2270T 2l7tT M7IT 2f75T
      1,018 words
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      836 46 |»»WKOmMA> T« mUT/IA«M CMABAMOj I 4*KAJAW VESSEL VOY 1 SIN BKK MTP~ LCH VESSEL VOY I SIN I JKT PJW MATHU BHUM 418N 12/06 1«/06 18/06 QURU BHUM ***** 11/06 13/06 XETHA BHUM*' 287N 13/06 1«/06 17/06 AKA BHUM 347S 12/06 16/06 CHANABHUM* 74W 18/06 18/06 ANBO JAYAKARTA* 061 12/06
      836 words
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      349 46 INDONESIA NATIONAL LINE TO AUSTRALIA T FULL COWTA—WfM C« va kr 1 m\m\ m mm a wn |mln/M»/M \nmnmw*»'/» w/r BM>I |»|l7/ltW/M vm\ K/V WVWfV icw ■mm miM/MN/w \v/vm/v »l/v bwbmmhhb ltvy|i*/w|a^ta/w|FEEDER SERVICE TO INDONESIA va w m smaiata hwaim mmm itussMcnn ira/n u/» i>/n n/M HMMM CJHMI til IM>
      349 words
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      699 46 [VOOC3-S WY ["ax PKL I JH) I MLA LEH RTV HAM g* t VM-LE 06 MBOOBA V32W Mg WW 24/06 20W6 04/07 mm 07/07 OWQ7 WB7 WLLEOE TANYA T32W 21/06 gg 3tW» Q6/OT WOT 12W7 1M77 ISP7 WQ7 VM-LE DE TAURUS A32W 2006 28/06 06/07 13A77 1007 20/07 21/07 23/07
      699 words
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  • Article
    Lock icon SHIPPING GUIDE
    19309 47 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vassal Voyaqa Talaphona ETA ETA Advartisar Vassal Voyaqa Tataphona StN Dast'n Nan* Nam NumUr ftomfcar SB» Dast'n Mama Nama ttwtar gggg aaa**aB*BBaBB«BaBBBaBBBB*aBBaaBBBBBBBBBBBBBBB«aBa*aBi mmmmmmmmm■Baaaa*BMwa«*BBBB*BBB88B*a8aMB*aH*8»w^»Mw 23/06 8/07 NYK NORSUL IPANCMA OWS 45-2****** Tb ABIDJAN (ABJ) 2003 Cot* D'I voire 23/0* 8/07 Norsui norsul ipancma
    19,309 words
  • Page 47 Advertisements
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      64 47 I New advertisers/Services/ Agencies JEBEL AU PORT SAID BENGHAZI TRIPOLI TUNIS ALGIERS CASABLANCA Turn To Pg 14 (every mowwed/fro Oceanus Shipping Agency NEW SERVICE FROM ASIA TO PACIFIC NORTH WEST Pg 7 BARWIL AGENCIES NEW SERVICE TO: Refer To Pg 6 £1 Richfield Marine gjj Agencies (S) Pte Ltd NEW
      64 words
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      50 49 iaTll STsffc Dial 740-6000 Oil G€ *****10 1 (Retrieve more schedules!) sApressT JC\ Select the port and key In the four digit code eg: To New York (NYQ 227S mk?M) Key in your fax number I your phone number f Anotherlßnovetlve service offered by The document Will be shipping Times
      50 words
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      139 50 ffl HI lOH (FOREST rrooocrs StRVW) FROM: U.K./ COimWtllT/ MIDOtE EAST TO: FAB EAST 6UKfiE^ BXK S» KKU TMA VKSa/VOT SW ItBkOMMM6MAMU HONGKONG BRUNG NMNSUIV33A 25/06 27/00 UMflUGrot: MEHAVI7I 03/01 17/01 00/00 JISOAH/RIISHWG/AirrWftf MALAYSIA HSH (M) SON MD TAWAU CAPRICORN FRBGHT SVG PORT KBANG AGoff: SUNSHT AGMES M SDN M>
      139 words
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      169 50 r^SScSl^Hß'VWVfffVfVf9yV|RTTTffffnT97iiTf^^^^| SHippiwo ilLi *1 ill I ■Ipl f-1 k B>l Bllßßlk LIBYA TOBRUQ UNONAZI MISURATA TRIPOLI U*J i I=-« i aw m m mm turn Iw I w I■ II.IQI 5)05 SFKAUST M Ot/Dt W/M H/» MB** tl/> tW Ufi7 EBL StUMtTU SIM HTMHW IS/4* )4/» »/M £QM lig— jiff
      169 words
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      124 50 ESP LINES wtmr la am ra savia —WITIIIIIIT SMKMIMMI mmmmm wwiw mnmr,masmK utam* wcmhowk KIGMUm COMIMNfIttSIP WPOWBIAN SBVKI wgßyvOT^ n s^wT T m m MMgMg «?/K WIS »l/g l7^ IBM 1 IVK IV*5 i UJJJLM /VI IVB lits o#— FMMUfICMM lUi K WMII /HH4K HAS 2£L_ KAUUi/W n/B H*s P/*
      124 words
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      660 51 SAM UP ERA SHIPPING LINE LTD 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR HO. IM7MNMW *****88 FAX: *****29 (OUTWARD) *****83-4 (INWARD) /*****18 (IMPORT STATUS) TLX; R*****0 BOOKIIIBS CALL DIRECT LIME: 535 6256 Crllr/Jrsslcr/Mrl M.fLW 8 SLGS/WEEK IsMldfllsfJJtcM EVERY 4 DAYS [VESSEL I VQY I 81 I
      660 words
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      829 51 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO ll«|f|m|M|KW|H>C|q«|lM|im|MTl|Ott|SAV|*W|tti|HW| =Si Inm1 nm I M/ 1 />y 1 83/04 1 I>/>y lu/,y1 u/,y lu/»I u/ I nm Iw/«1 w/ n/ vm BBBJMI f~f I I I STB i m/«i i m/«t I k/m I ii/ii i w/m m/m m«T h/m i
      829 words
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      524 51 rrr# Sfagapore Sovkt Stipptog CPL a It IOOSOMOOOON k\V afcI67S79WOOC VESSEL VOY StN BOM PNG PKL KOTA RATU RTUO47 18/06 23/08 TBA 04/07 KEOAH 131N 23/08 30/06 TBA 11/07 KOTARUKUN RKNO4I 20/06 06/07 TBA 16/07 |wtm wrr mi calcutta h STAR ISLAND Oil 15-16/06 22/06 30/06 KOTA RETAIN PTNO33 21-22/06
      524 words
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      530 52 I VESSEL VOY SIN MAA SIN I TIGER ISLAND 715N 13-14/06 18-22/06 27-2&06 I TIGER PEARL 716N 16-27/06 22 26/06 30-01/07 TIGER SEA 717N 19 20/06 25-29/06 04-05,07 I TIGER BAY 718N 23-24/06 29-03/07 07-08/07 I TIGER ISLAND 719N 27-28*06 02-06/07 11-12/07 TIGER PEARL 720N 30-01/07 06-10/07 15-15/07 I Ivesse^^^^VO^^Sl^^CA^^Sl^l
      530 words
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      880 52 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesindsingnet.com.sg DIRECT CONSOLIDATION SERVICE TO ASHDOD COPENHAGEN MAHE PHNOMPENH BUENOS AIRES HELSINKI MALTA SAN ANTONIO CALLAO, PERU ISTANBUL MEXICO CITY SANTOS COLON, PANAMA IZMIR NHAVA SHEVA TAICHUNG PLEASE CALL OUR TOLL FREE LINE: ISOO-*****66 FOR BOOKING Overseas Offices Hongkong 852-*****113
      880 words
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      1135 52 OOCL (Sinoopore) Pte Ud CFS Keooel Distrpk *5 CMa St OCBC Or #42-00 *****13 *513 #01-12$ vl ai«11l7»7«0000M W 272 7127 tw—**§ U *****83 F,I:4M w Fax: 272 7825 Xt Orient Overseas Container line w^m f Sdn Bhd (tog Na *****2-U) of PfTAUNGIAYA Ufc 03-754 7776 Fax:o3-754 6657 7 1
      1,135 words
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  • SHIPS IN PORT
    • Article
      Lock icon CONVENTIONAL WHARVES
      634 53 VtMX Voy No Borth Arrtv6l P6p6ftur6 RSS1 04/99 ml MngtM n.04/2300 Sunt iHun swooi jz E5Z 2******2 Tropical 28 11-99 JI5 *ongH4a "££22? Tmnkl* UC« J» UonfllM* "'SOSS UnMus 9903 J23 itonqsJd# n.04£600 vku 73 J5 HorqUOt 11.04/0400 iau« u»c*y 09/99 J2 11.04/1000 04/2300 SSK xm J3 nowoo
      634 words
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      Lock icon CONTAINER SCHEDULES
      1688 53 RECEIVING OF EXPORT FCl CONTAINERS AND LCI CARGO Booklno/Bilifici Rltli Ship Voy Mo Ett/ttf Ptrlod Frow To Frow AaJW on <v*oo JJ >C,~»C K~*W iC/'W a «moo n/ow vow 21 t™ VOW VOW voroc vwi anoc 4 tvboo nflw tvttoo 11 rmim 221 'iiioc 5 «,"wc B/iW 5/iw
      1,688 words
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      Lock icon GLOBAL HOLIDAYS
      176 53 taM Australia: Queen's Birthday. Ju 18 Hong Kong: Tuen Ng Day. In 26 Finland: Midsummer Eve Holiday. JnM Indonesia: Mouloud Prophet's Birthday. Brunei: Maulud. Finland: Midsummer Day Holiday. Jn 30 Brunei: Half Year Bank Closing. Jail Canada: Canada Day. Ml 4 France: National Day. Jollß Brunei: HM The
      176 words
    • Article
      Lock icon COCKPIT BUNKER MARKET REPORT
      779 53 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges In US dollars Instead of single prices for a more comprehensive description of the market Prices shown are based on average sized stem. Market movement* are Indicated. The Cockett Bunker Price index rh«ng» and the
      779 words
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      Lock icon VERITAS BUNKER QUALITY REPORT
      371 53 MO Ma W0.J 10 *7 0.10 75 0.06 a (Q 0 0 0 Jj«^MJ_SoOtao«l 906.9 0.3 0.1 0.06 30 0.02 **2 MO Mox 952.5 0.9 »-2 o.o» 90 0.06 M/W1 »M/M »M/M W 1 0 1 iso/cimk lmu Sous *T to 53 o!» 5r oxr usa
      371 words
  • Page 53 Miscellaneous
    • Miscellaneous
      Lock icon Page 53 Miscellaneous Column 1
      126 53 LICIHO: R Thundorttorm Tomporaturo c A X y, ow#r Woothor **~S Wind dtroction with tpaod in knot* SSU Sky w ov. hoight Stirfoco wind* Of* indicated by arrow* which fly with tho wind 0 Ono Kill arclo roprotont* calm or light and vonoblo wind* On« holt tlocho raprotont* 5 knot*
      126 words
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  • AIR & LAND TRANSPORT NEWS
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      Lock icon UK warns airlines on unfair practices
      207 54 Reuters [LONDON] Britain's Office of Fair Trading (OFT) has threatened airlines with legal action unless they abandon practices such as changing flight times without compensation, the Financial Times reported yesterday. John Bridgeman, director general of fair trading, told the International Air Transport Association (lata)
      Reuters  -  207 words
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      Lock icon Cathay resumes reservations on 27 routes
      302 54 GATBAT PILOTS' PAT ROW Bloomberg [HONGKONG] Cathay Pacific Airways said It will resume taking reservations to 27 "core" destinations today after chartering enough planes and crews to guarantee service even though many pilots continue calling In sick as a contract dispute comes down to
      Bloomberg; AFP  -  302 words
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      Lock icon Lincoln may develop sport utility vehicle
      419 54 Reuters [DETROIT] Ford Motor Co's F N Lincoln unit, which has lost the luxury segment lead to Lexus, Is looking Into developing a product for the hot-selling hybrid sport utility category, a senior brand official said. Lincoln, the top US luxury brand in 1996,
      Reuters; FILE PHOTO  -  419 words
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      Lock icon Manila to renegotiate Asian air accords in bid to help PAL
      606 54 Discussions being held with Taiwan, South Korea, HE and Singapore AFP [MANILA] Philippine diplomats and aviation officials are renegotiating air agreements with Taiwan, South Korea, Hongkong and Singapore in a bid to lessen competition for ailing Philippine Airlines (PAL),
      AFP; FILE PHOTO  -  606 words
    • Article
      Lock icon China carriers look to int'l sales for recovery
      392 54 Improving Asian economies expected to contribute to earnings this year Bloomberg [SHANGHAI] China's airlines, which lost more than US$36l million (*****.3 million) in 1998, hope growing sales from international flights will help them return to profit this year. Chinese airlines, suffering from
      Bloomberg  -  392 words
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      Lock icon Pilots did not complete safety checklist
      328 54 IMIBIIOIIIIBU— (TBASH Cockpit recording re veals verbal check of landing procedures not completed Bloomberg [WASHINGTON] The pilots of the American Airlines Jet that crashed last week In Little Rock, Arkansas, did not verbally complete a checklist of landing procedures, investigators said. A recording of
      Bloomberg  -  328 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      1272 54 SL. as*"" <88 88 w sss TSSS 8 LH7W 1609 Bi Hi S«M 1990 U4SN 160! N***** 2350 rfSS Si $***** M09 $***** 2350 $0296 20S •mr* mn $026 2355 Of? 2120 flUrtl ~*****~l645 $0*0 OKU kmUrUm $023 0705 KLM4 0040 iMUMaPK $0003 1906 CZM4 0H0
      1,272 words