The Business Times, 1 September 1999
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1999-09-01
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The Business Times
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Title Section12 1999-09-01 1 MTTA (P) 04^12^98 85t* 99 SINGAPORE Internet: hh^^^n^ss^^^^ai.com.sg/ WEDNESDAY, SEPTEMBER 1, 199912 words
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Article51 1999-09-01 1 ]D VBUrtMJI) Distil (-IMS) □sst-sr CTgaoraMi "flOCE MASEET INDICES! •> jPgl. •'*J^,> KLSEOOKP 1U fSS I MKKB 17,4*1* _4«.f| HAMJSKNG 11,***** -MUt 8EfM>EX j i jgf» j, It JAKASTA COMP—tOM *M 27« Turn ii i mini ijp 1EOIL COUP 337.88 4tt CLSA cazMBULsffle^^UI 'A''STALLORD JjttMZ-AlP UMifflT Oanp DOW.51 words
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Article47 1999-09-01 1 1181 &t £fl'SS/SJ per F1R0(1'S$/S$per§!) DM m i<i YEN Jlti— LK7* W OH M41 a sirsf ram 7jct_mb* •O"'—« SINGAPORE* Im KUALA LUMPUR 7* ■nnnifflr f '55 MANILA HM BMOB Ut 2 SYTWKV fflOOL 14J6 ZUBKT* fit FRANKFORT" i» LOW** 1* NEW YORK in M kuk».47 words
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Article, Illustration634 1999-09-01 1 Carol Eng - Levy for industrial land cut by 19%, fees stay for commercial and hotel land By( Carol Eng [SINGAPORE] The government has raised the development charge for residential land by an average of 16.4 per cent, while cutting or maintaining those for other land634 words
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Article, Illustration592 1999-09-01 1 Conrad Raj - General offer for TLB shares at the same price of $2.02 per share By < Conrad Raj [SINGAPORE] Ayala Corporation, one of the largest and most profitable companies in the Philippines, is taking over listed TLB Land as a shell companyFILE PHOTO - 592 words
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Article652 1999-09-01 1 TWIII A GLOBAL talent capital A culture that embraces learning as a way of Ufa That's the heady vision spelt oat in the latest national blueprint to chart Singapore's path to the 21st century. This thus, ifs shout tiTnosrtifr the fUll potential of people both to own652 words
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280 1999-09-01 1 R Sivanithy - STI dawn 34 points, its largest one-day M since Ang 13 By R Sivanithy [SINGAPORE] Asian stock markets got the Wall Street chills yesterday following Monday's dive in US stocks and bonds brought on by a stronger-than-expected housing report that reinforced the growing fear280 words
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Page 1 Advertisements
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Advertisement149 1999-09-01 1 mama OMii|nll*iM City Developments almost declared an interim profit low than that of its smaller rival, DBS Land. CityDev yesterday anwmwid tfut tt» turnover for the first six months Ml 18% to $972 m while profit before tax 'roee marginally to )ust undo* 1340 m, Pg 17 ■mpStttavs Will the149 words
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Advertisement15 1999-09-01 1 ■Hpid LOSEMI How they stacked up in the month of August Pga 17 ft 1615 words
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Advertisement19 1999-09-01 1 mm for labour 4 Da O ®WWQP»Ti|yK| f manpower industry, Pg 2 Bnoarpta of BG Lie's speech, Pg 219 words
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MANPOWER 21
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Article, Illustration677 1999-09-01 2 Audrey Tan - Life-long learning framework aims to keep workers empUtfWmMh ReportSm Audrey Tan THE government will set up a $200 million fund for workforce development in Singapore so as to put in place a comprehensive framework for life-long learning, Deputy Prime Minister LeeCHRIS LOH - 677 words
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Article, Illustration422 1999-09-01 2 Summary of the Manpower 21 report To develop manpower as Singapore's competitive edge in the new global economy, and to ensure workers remain employable life-long, Singapore as a talent capital, where people are its key competitive advantage. Strategics and proposals integrated manpower planning -for a better fit422 words
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419 1999-09-01 2 Aim is to draw global manpower firms, R&D institutions SINGAPORE will cultivate a dynamic manpower industry to meet the needs of employers and individuals as part of the Manpower 21 plan. The Ministry of Manpower (MOM) will work with the Economic Development Board to419 words
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Article555 1999-09-01 2 'The worst of the economic storm is behind us, and our economy is picking up again. But the restructuring of our economy has not slowed down. Companies are still restructuring their operations and retrenching workers, especially in the disk drive and PC industries. In the last few555 words
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Article, Illustration972 1999-09-01 2 The following are extracts ofDPM Lee Hsien Loong's speech yesterday at the launch of Manpower 21 THE recent economic crisis brought pome forcefully the importance of training our workers. Last year, retrenchments reached a record high of 29,000. Half were from the manufacturing sector. ManySource: Report of the Force of Singapore - 972 words
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Page 3 Advertisements
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Advertisement59 1999-09-01 3 "S v- -1 t Mr Klaus R Gerritzen, Senior Vice President and General Manager, Westdeutsche Landesl>ank i Millenia I SINGAPORE PONTIAC MARINA PRIVATE LIMITED Pontiac Manna Private Limited is a subsidiary of the Pontiac Land Group of Companies One Temasnk Avenue. Millenia Invv.-t, #41 00 Singapore *****2 Telephone ,65> 33259 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration375 1999-09-01 4 Raju Chellam - Net firm, with HQ in (Singapore, has attracted $&2m in venture capital By] Raju Chellam FOUR youths in their early I* 20s have teamed up, attracted >' venture capital funding to the I tune of $2.2 million, and set up Catcha.com, an Asian375 words
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Article, Illustration336 1999-09-01 4 Catherine Ong - Transmission rate for Net access jumps 50% to 14.4 kbps By i Catherine Ong MOBILEONE (Ml) has launched Singapore's first public high speed mobile data service which will allow users to access the Internet from their handphones at a much faster speed than is336 words
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Article, Illustration295 1999-09-01 4 Soh Tiang Keng - EYE ON THE ECONOMY Finance By\ Soh Tiang Keng r I TOTAL bank loans extended to nonI bank customers slipped by 2.6 per cent X in July on a year-on-year basis, according to latest statistics from the Monetary Authority of Singapore. The fall wasSource: - 295 words
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Article, Illustration772 1999-09-01 4 Teh Hooi Ling - Need to turn strengths, repute into business opportunities From Teh Hooi Ling m Puzhou SINGAPORE must manage its reputation and strengths carefully in China and And ways to turn these attributes into business and other opportunities, Trade and Industry Minister George772 words
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276 1999-09-01 4 THE CPF interest rate and the Housing Board (HDB) mortgage rate for the fourth quarter remain unchanged at XS per cent and 2.6 per cent respectively, reflecting the low interest rate environAccording to the Central Provident Fund Board yesterday, its 2.8276 words
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1086 1999-09-01 4 N Narayana Singapore via Internet - MATI.WIT N Narayana Singapore via Internet AT a time when the work! is debating the issue of euthanasia, it appears strange that your Hock Lack Siew column ("Expiring warrants deserve a new lease of life", BT, Aug 20) should be making an1,086 words
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Page 4 Advertisements
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Advertisement8 1999-09-01 4 fa CATS. Buy It. Sell It. Find It.8 words
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Page 5 Advertisements
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Advertisement20 1999-09-01 5 IS To apply for your Citibank Cathay Pacific Visa, call ■BR9EVPPV i CATHAY Pacific 1800 225-5225 where money lives" I20 words
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ASIA ON THE MEND
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Article, Illustration446 1999-09-01 6 Larry Wee - Weakness blamed mainly on worries over Greenspan's talk of'overvalued' US stocks By\ Larry Wee [SINGAPORE] The US dollar was finally hammered below its 110-yen support level yesterday* afternoon, on the back of fears that US stocks could come under further selling pressure. AfterSource: Reuters - 446 words
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Article, Illustration333 1999-09-01 6 Reuters [TOKYO] Japanese financial institutions plan to shift funds away from US stocks and boost their weighting in Japanese and other Asian equities this month amid expectations of further US dollar weakness, a Reuters survey shows. The monthly Global Asset Allocation surveyReuters; AFP - 333 words
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Article468 1999-09-01 6 But industrial output expected to recover in coming months Reuters [TOKYO] Japan appeared headed yesterday for a "jobless recovery", with the outlook for industrial production strong but unemployment stuck at a record high. Financial markets reacted little to the output data, but the unemployment dataReuters - 468 words
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282 1999-09-01 6 [BANGKOK] Krung Thai Bank (KTB), currently at the centre of an investigation into questionable lending practices, yesterday posted a massive net loss of 23.2 billion baht (Ssl billion) for the first half of this year. The state-run bank's audited result for the282 words
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545 1999-09-01 6 Tliey do not see new money moving in any time soon Bloomberg, Bridge News (SINGAPORE] Some of the US$5 billion (SsB.4 billion) to US$7 billion in foreign funds trapped in Malaysian stocks and bonds will likely flee as the country's 12-month banBloomberg,; Bridge News - 545 words
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561 1999-09-01 6 Harish Mehta - From) Harish Mehta in Bangkok Thai Farmers Bank's stunning announcement on Monday that it would no longer provide financial support to its one-time crown jewel, finance firm Phatra Thanakit, yesterday sent Thai stocks into decline for a second day. It also561 words
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Advertisement169 1999-09-01 6 USB targeting 1999 low of 108.20 yen, Pg 16 Will BOJ wave its wand of unlimited yen supply? Pg 13 Thicker, richer and more flavourful, you '11 savour The Wall Meticulously prepared m true Beijing-style, each dfffl 9 wHuWP 11 claypot ts an exotic mix offlavourful deer tendon, mushrooms, juicy169 words
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Advertisement25 1999-09-01 7 ifl V/ j Hon ■k ■H v* -*v h i vt ,M r/. 'J# H y-; s A I flHl H I Open (^L |^B25 words
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Page 8 Advertisements
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Advertisement99 1999-09-01 8 .se s < The benefits of business-to-business e-commerce are simply too great to ignore. In this dynamic new as much as 70% and save yc marketplace every organisation, including yours, stands to gain both a strategic and tactical edge. At the realise a rapid Return On I forefront of this99 words
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Advertisement107 1999-09-01 9 1 r ww#. sesami.com j[ I'Y m— n this dynamic new as much as 70% and save you up to 15% on the cost of goods purchased. All of which helps your enterprise tactical edge. At the realise a rapid Return On Investment. And as SESAMi is backed by Singapore107 words
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REGION
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Article, Illustration559 1999-09-01 10 Parliament may soon be dissolved, even as early as tomorrow Reuters [KUALA LUMPUR] Malaysia celebrated its 42nd birthday yesterday amid growing speculation that Prime Minister Mahathir Mohamad would soon dissolve Parliament the talk is this could happen as early as tomorrow—andReuters; AFP - 559 words
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175 1999-09-01 10 BANGKOK AFP TWO Thai banks and a French Institution have been charged with conspiracy to defraud a high-profile finance company which collapsed amid the regional economic crisis, officials at the Attorney General's office said yesterday. Nakomthon Bank, Siam City Bank and French-basedAFP - 175 words
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Article, Illustration783 1999-09-01 10 Yang Razali Kassim - inuTmv Ail independent E Timor poses ft string of Questions for the region By Yang Razali Kassim THE voting that we have just seen in East Timor is a classic case of an unexpected reversal of history. A referendum was unthinkable just783 words
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431 1999-09-01 10 Bill MAimAt. Firm ran by SAytfTmnt* recehttiUSs7om from Bank Bali Reuters [JAKARTA] An official from Indonesia'B ruling Golkar party has been formally charged in connection with a bank scandal that has rattled markets and sent tremors through the country's political landscape, his lawyerReuters - 431 words
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Article243 1999-09-01 10 BANGKOK Economic stability in Ist half will boost recovery: Jones Lang Reuters THAILAND'S property market is beginning to recover on signs of economic stabilisation during the first half of 1999, property agent and management group Jones Lang LaSalle said yesterday. With economic growth in sight,Reuters - 243 words
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357 1999-09-01 10 BEIJING Bloomberg [BEIJING] China's new tax on interest from bank deposits will be a flat 20 per cent and won't be adjusted according to income, said a parliament spokeswoman. This means the tax will not be progressive, even afterBloomberg - 357 words
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333 1999-09-01 10 DILI, East Timor Pro-Jakarta groups warn of violence; 3 UN staff killed Reuters THE huge turnout for East Timor's independence ballot despite threats of violence suggests the territory has chosen independence after centuries of foreign rule, human rights officials said yesterday. Pro-Indonesia groupsReuters - 333 words
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Article703 1999-09-01 11 KOREAN CORPORATE RESTRUCTURING Govt to hire foreign chief executive or financial institution to ran it in interim Bloomberg [SEOUL] HSBC Holdings pic abandoned its US$9OO million (551.52 billion) bid for SeoulBank, one of South Korea's largest lenders, setting back efforts to reform the nation'sBloomberg - 703 words
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208 1999-09-01 11 SEOUL Move follows collapse of talks with Luxembourg firm Bloomberg DAEWOO Group may auction off Seoul Hilton Hotel to other international buyers after attempts to sell the unit to General Mediterranean Holding SA collapsed. The Luxembourg-based investment company, which signed a non- binding agreementBloomberg - 208 words
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213 1999-09-01 11 SEOUL Reuters [SEOUL] South Korea's Financial Supervisory Service (FSS) said yesterday four banks including Singapore's OUB and a merchant bank had violated the country's lending regulations as of the end of June by concentrating their credit on certain borrowers. A statement fromReuters - 213 words
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Article, Illustration302 1999-09-01 11 SEOUL Move paves way for Panacom of US to take over insurer Bloomberg A SEOUL court yesterday blocked a government plan to nationalise ailing Korea Life Insurance Co, a move that may clear the way for Panacom Co to take over the nation's third-largestBloomberg; REUTERS - 302 words
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381 1999-09-01 11 TOKYO Govt plans to give that amount each to 100 programmers Reuters JAPAN'S trade ministry is looking to give up to 100 million yen (Ssl.s million) each to 100 software geniuses over the next five years in hopes that they can emulateReuters - 381 words
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313 1999-09-01 11 TAIPEI AFP THE ruling Kuomintang plans to team up with international business groups to invest NTS2OO billion (5110.6 billion) into ambitious energy ventures in western Australia, reports said yesterday. The investment projects will include liquefied natural gas processing facilities and transportation equipment, asAFP - 313 words
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430 1999-09-01 11 SYDNEY 84% of firms to be folly prepared by this month AFP AUSTRALIA'S public and private sectors have spent Asl2 billion (5112.8 billion) on Y2K planning, making it one of the most prepared countries in the world, a new survey showed yesterday.AFP - 430 words
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THE WORLD
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348 1999-09-01 12 WASHINGTON Bloomberg THE Federal Reserve reported a "slight' increase in the number of US banks tightening business loan standards and loan terms in the last three months. "Banks became somewhat more cautious lenders over the past quarter", although there aren't signsBloomberg - 348 words
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Article, Illustration37 1999-09-01 12 [LONDON] Photographs, flowers and other gifts hanging on the gates of London's Kensington Palace, theformer home of the late yesterday. Hundreds marked the second anniversary of Princess Diana's death by placing the tributes AFPAFP - 37 words
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Article198 1999-09-01 12 ■LONDON Reuters BRITISH consumers borrowed a L?*ty £1.34 billion in July, the Bank cf England said yesterday, suggesting that spending on the high street is set to gather pace in the coming months. There were also signs of a flourishing housing market. The bank saidReuters - 198 words
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840 1999-09-01 12 Leon Hadar - The market rales despite warnings of a big stock correction LETTER F&OM WASHINGTON By Leon Hadar FOR the past few years I've been working out several times a week in a local athletic club where together with other Washingtonians, I840 words
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510 1999-09-01 12 Nell Behrmann - Stocks slide 1.5% amid fears British rates will soon follow upward US trend From Nell Behrmann in London THE London stock market is nervously awaiting developments on Wall Street and forecasters fear that British interest rates will soon be following the upward510 words
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248 1999-09-01 12 BRASILIA Bloomberg THE Brazilian government plans to limit spending in its 2000 budget, rather than increasing taxes, to trim its US$6l billion (Sslo4 billion) budget deficit. The government will hold spending "relatively steady" next year while projected inflation of 6 per cent for theBloomberg - 248 words
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527 1999-09-01 12 NEW YORK But that probably reflects Dow fall, rate hike: analysts Bloomberg CONSUMER confidence in the US economy dipped in August even as Americans expressed more optimism about the outlook for the economy in the next half year, Conference Board figures showed. TheBloomberg - 527 words
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Page 12 Advertisements
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Advertisement116 1999-09-01 12 UU l\ THE WORLD'S LEADING 1 OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS 'I Incorporation Fees from USSSOO j M BAHAMAS JtRSEY t BRITISH VIRGIN a MAURITIUS ISLANDS m m CAYMAN YC "tLLFS^ ISLANDS SAMOA BELIZE Offshore Companies lV*-b Site at www ocra com OPKN TO THE PUBLIC ORIENTAL CARPET AUCTION116 words
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Advertisement42 1999-09-01 12 2# U»p«* Spa TUSitttaf Ceme ftra 2 Utmbm IfcMMf* I nfrfat si the* fKEEI IISOIF *****-9339; I Open Dafly; IOJOnn to llMpa 1 OfcfrtAdtifrAtj •35 Selegie Road #06-00 j J Parklane Shopping Mall DAY®#**#. inhelaoftao w«wiaiciob«g»B^ Effective Capital $ata*Kts Ub 25%M30% «JH«»42 words
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EDITORIAL & OPINION
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Article, Illustration855 1999-09-01 13 Prem Shankar Jha - aSmm inra OPINION By Prem Shankar Jha The writer,farmer editor of The Hindustan Times, contributed this article to BT THE July figures are in and they show that the Indian economic recovery is growing from its first sickly shoots into a robust young sapling. The855 words
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Article104 1999-09-01 13 "Whatever the outcome of the ballot, today the eagle of liberty has spread its proud wings over the people of East Timor and nothing, by the grace of God, can ever take them away. 4 United Nations special envoy, on the East Timor vote. 'It's not a104 words
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Article, Illustration1033 1999-09-01 13 Caroline Baum - It would be best way to stop the yen from rising and would suit both America and Japan, says analyst By< Caroline Baum Bloomberg JAPANESE officials have adopted a decidedly American approach to the rapidly strengthening yen: If it's good forBloomberg; FILE PHOTO - 1,033 words
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761 1999-09-01 13 Simon Tay - Laws against ose of fire to dear land are on the books, but remain unenforced By\ Simon Tay The writer is chairman of the Singapore Institute of International Affairs. He contributed this personal comment to The International Herald Tribune FOR the third year761 words
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Article, Illustration1017 1999-09-01 13 HttrltaWiMMijHi INDONESIAN President BJ Habibie's staunch supporters may take International Monetary Fund (IMF) and World Bank pressure for a speedy and satisfactory resolution of the Bank Bali scandal as a game of power politics, capitalising on the case to damage Dr Habibie's chances in the November1,017 words
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EXECUTIVE LIFESTYLE
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Article, Illustration717 1999-09-01 14 RICHARD CHANG - Watch out America Satay and nasi lemak have arrived, says RICHARD CHAMO RICHARD CHANG Reuters IN the beginning there were Chinese takeouts. Then came sushi bars. In the 1970s Hunan and Sichuan cuisine sprouted and Thai flew high. Now, starting in New York, it's...Reuters - 717 words
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Article, Illustration482 1999-09-01 15 US OPEN Swiss top seed bonnces back after two unsuccessful Grand Slam appearances Reuters [NEW YORK] Top seed Martina Hingis returned to the Grand Slam stage under cover of darkness on Monday and survived a firstround wake-up call in the first night match of the 1999Reuters; AfP - 482 words
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Page 14 Advertisements
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Advertisement824 1999-09-01 14 r UNITED S»g ENGINEERS M LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT RESULTS The unaudited results of the Group and of the Company for the financial half-year ended 30 June 1999 are as follows: GROUP COMPANY 1999 1998 Increase/ 1999 1998 Increase/ SOOO $000 (Decrease) SOOO $000 (Decreese) Turnover824 words
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Advertisement119 1999-09-01 14 LYRI'^^^ATRE pnwiti Q/tftcwawt'b muQ* Q&/ Concert in IpnylitA WIpWJ A Conductor: S&int (§/au 3 3& 4 September 1999 Victoria Theatre Ong Wei Klat as Papageno yfNMHp. JT 4« David Quah as Tamtno Yo© Ee-Ping as Pamina Belinda Lie W as Queen of the Night /WW )&M William Llm as Sarastro119 words
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Advertisement140 1999-09-01 15 h^HHHk A MID-AUTUMN CELEBRATION WITH OUR MANDARIN MILLENNIUM MOONCAKES 27 August to 24 September 1999 Telephone Hotline: 835 4220 <2) Mlrtt —i *313 Odurt Road, Singnxc 2MM7 Tffc 737 4411 Fur 732 2361 6omn»»gf CaJilorM** CWphc tfW* A*v»*rt- Isf tTW. TKcy qlto woko to sm Kit TrvMWt, ond H#»rioo*n lonoloti140 words
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Page 15 Miscellaneous
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Miscellaneous776 1999-09-01 15 CKVH'IC CROSSWORD veterinary surgery (8) —■LJ— —LhJ 11 Round number (8) Sfi aHHBHH 9B OH B| 13 Star —an outstanding per- 1 1 f 1 I Lml 1 former (7,5) longing to me (8) 25 The two endlessly hurry to jaHH ■■■''''■■J 26 After religious instruction, nOWN 8 Grating sort776 words
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FOCUS: MONEY MATTERS
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Article, Illustration899 1999-09-01 16 Larry Wee - Bank of Japan action, or inaction, will be crucial beyond that level By Larry Wee AFTER a week in which currency markets were held back by intervention fears, the coming sessions will be tricky in the light of some upcoming data releases. Overall,Source: Reuters; Source: Hypovereinsbank - 899 words
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Article, Illustration589 1999-09-01 16 Forces boosting bonds seen outweighing those which threaten to drag them lower DESPITE the spectre of higher US interest rates, September might not be the right time to reduce holdings of Singapore dollar bonds. Forces boosting Sing dollar bonds might well outweighSource: UOB - 589 words
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Page 16 Advertisements
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Advertisement386 1999-09-01 16 Chart of interest rates: US Dollar Base Premium Deposit JKg Alternate Currency Interest Rate* Australian Dollar 18% p.a. i I r' Euro 14% p.a. |F Got UP tO Japanese Yen 11%P-a. Canadian Dollar 10% p.a. I mCJP• Cl you're looking for a foreign currency deposit that gives you higher returns386 words
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COMPANIES & MARKETS
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Article, Illustration568 1999-09-01 17 Lee Han Shih - Net profit op 20%; turnover fall* 13% to $972 m compared with rival's $760 m By\ Lee Han Shih [SINGAPORE] For the first time in recent memory, City Developments Ltd, the biggest listed property firm in Singapore, almost declaredFILE PHOTO - 568 words
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250 1999-09-01 17 [SINGAPORE] Singapore Press Holdings (SPH) has incorporated a wholly-owned subsidiary called Asia One Internet Pte Ltd to handle the local media giant's multimedia division, in particular its Internet ventures. SPH said in a statement yesterday that the corporatisation of Asia One "will allow for more250 words
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674 1999-09-01 17 Quak Hiang Whai - HOCK LOCK SIEW Quak Hiang Whai ONCE again, Li Ka-shing's Cheung Kong (Holdings) and Hutchison Whampoa have proved why they remain the darlings of fund managers and brokers in town. In an environment of reduced con- sumer spending, slow recovering Asian economies674 words
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551 1999-09-01 17 Wong Wei Kong - Second consecutive monthly drop comes after July's 4J% By' Wong Wei Kong [SINGAPORE! The market value of Singapore listed companies fell in August from July, the second consecutive monthly decline. But unlike the steep 4.1 per cent drop in July when local551 words
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3531 1999-09-01 18 COMPIMIV MKTCAP SC8G WICE *CH6 PE WG M. DEC 31-AU6-99 FROM 31-AUQ* FROM RATIO "W mm 30(07/1909 t 3007/1999 1 1 1 SingTel *****.9 235 23^" 2 2 3 DBS *****.5 4.6 19.30 6.1 84.3 3 3 2 S1A *****.5 2.0 15.40 2.73,531 words
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COMPANIES
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Article, Illustration492 1999-09-01 19 Corinne Kerk - Chairman cautiously optimistic of HE breakeven; group retires S'pore loans By Corinne Kerk [SINGAPORE] Raffles Medical Group (RMG) yesterday reported a 7.3 per cent rise in net profit to $1.9 million for the first half of the year. The Sesdaq-lised healthcare providerCHRIS LOH - 492 words
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323 1999-09-01 19 [SINGAPORE] Information technology company CSA Holdings yesterday reported a hefty jump in net earnings to $7.6 million from $402,000, thanks mainly to lower interest charges and depreciation. About half of the latest profits for the six months ended June 30 came from a 45323 words
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233 1999-09-01 19 [SINGAPORE] Irttrafx£*esterday posted a net profit of $5.7 million for the half-year ended June, reversing its loss of $11.5 million in the same period last year. The previous interim's losses had included an exceptional loss of $14 million when it233 words
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AT A GLANCE
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Article117 1999-09-01 19 [SINGAPORE] Packaging group Broadway fndmrtr** l Group has turned around, booking a net profit of 9348,000 for the half-year to June 30, compared to a lots of $6J million in the same period last year. Broadway ako booked an extraordinary loss of $158,000 for the117 words
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Article154 1999-09-01 19 [SINGAPORE] Acitek Engineering reported a fall-year profit of $7.6 million, down 38 per cent from the previous year's profit of $12.3 million. Amtak also asl 2 million provision for its investment in, and "douhtfUl advances" to, an associate which makes wwwflcri devices, eroding its154 words
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Article126 1999-09-01 19 [SINGAPORE] Hotel Negara narrowed its interim loas from $791,000 to $180,000 despite declining turnover. Sales were down a fifth from $6.8 million to $4.6 milltnn as room rates in the hotel industry remained weak. The hotel said that its losses were mitigated by a126 words
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341 1999-09-01 20 Corinne Kerk - Company directors say yes, based on restructuring plans By l Corinne Kerk [SINGAPORE] The auditors of beleaguered Goldtron Ltd said yesterday that they were unsure if the electronics firm can continue as a going concern but its directors think otherwise.341 words
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288 1999-09-01 20 David Roey - By] David Roey [SINGAPORE] China Ocean Shipping (Group) Company, better known as Cosco, yesterday unveiled a reshuffle of its group shareholdings that should allow its Singapore unit a tighter hold of its main-board-listed arm, Cosco Investment (Singapore). Market watchers said the announcement by China's biggest shipping288 words
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418 1999-09-01 20 Jennifer Lien - 18m of 40m shares reserved for public; PE ratio of 13 By, Jennifer Lien [SINGAPORE] Sesdaq-bound Mentor Media yesterday launched its initial public offering (IPO) of 40 million shares at 25 cents each. The offer comprises 35 million new shares and five418 words
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Article, Illustration691 1999-09-01 20 Wong Wei Kong - INSIDE VIEW Purchases at only $L6m last week, 96% below average By' Wong Wei Kong [SINGAPORE] There was a sharp drop in insider buying last week, driving the Primark Director Sentiment Index, which tracks trading by directors and substantial shareholders, down into negativeSource: Primark ITA - 691 words
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289 1999-09-01 20 Carol Eng - Offer will be launched in about two weeks By i Carol Eng [SINGAPORE] Sesdaq-bound contract manufacturer Asian Micro will raise about $15 million from its initial public offer which will be launched in about two weeks. The company intends to use the bulk289 words
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305 1999-09-01 20 Quak Hiang Whai - Exceptional gains, associates pnllnp interim earnings From Quak Hiang Whai in Hongkong STATE-CONTROLLED conglomerate China Everbright Ltd has returned to the black at half-time and pledged to focus its business on the financial services sector. The red chip company, which was once a305 words
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COMPANY Briefs
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Article126 1999-09-01 20 AFX-Asia SINGAPORE] Van der Horst hascat jts debts to $144.6 i million from $153 million after paying around $8.4 million in August. Of its remaining debts, the company said its creditors have agreed in principle to restructuringsll9 million. It is aiming for a final agreementAFX-Asia - 126 words
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110 1999-09-01 20 [SINGAPORE] Property and construction group Ltffl Kah Ngam (LKN) said that as part of lis proposed .restructuring scheme, some of its liabilities are to be f converted into redeemable convertible bonds (RCBs), at a conversion price based on a discount to the prevailing110 words
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Article72 1999-09-01 20 [SINGAPORE] IPC Corp said yesterday it had received court approval for its scheme of arrangement between the company and its unsecured and preferential creditors. IPC said the court ordered the scheme to take effect from last Friday, thereby allowing the company to continue as a72 words
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Article51 1999-09-01 20 In our report" Allgreen's interim net surges 71 per eent", published yesterday we said Ailgreen's net tangible asset backing per thai* fel Ito 1.23 cents from 7.45 cents. Thief is, of coune, erroneous. The figures should have rsad $1.23 and $7.45 respectively. We are sorry for the51 words
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INTERNATIONAL COMPANIES
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413 1999-09-01 21 Move comes a day after it said it will bay rival Promodes; HI profit down 16% Bloomberg [SAO PAULO] Carrefour SA, France's top food retailer which is poised to become the world's second largest retailer after Wal-Mart of the US, has struck another deal,Bloomberg - 413 words
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Article, Illustration429 1999-09-01 21 Reuters [NEW YORK] The formation of a French retailing powerhouse with an estimated $56.46 billion in annual sales is unlikely to shake a rapidly consolidating US supermarket industry, analysts said on Monday. Carrefour Supermarche SA's 15.9 billion euro (Ss2B billion) friendly bidReuters - 429 words
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Article, Illustration405 1999-09-01 21 Approval from cartel authorities expected next month Reuters [FRANKFURT] Italy's Prada took another step in expanding its fashion empire on Monday by announcing the planned takeover of German designer Jil Sander AG. The two companies said in separate statements that Prada isReuters; AFP - 405 words
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333 1999-09-01 21 LATWP, Bloomberg [LOS ANGELES] Pumped by stirring multimedia presentations of Arco's sweeping history and an appearance by colourful former chairman Robert O Anderson, shareholders of Atlantic Richfield Co on Monday overwhelmingly approved the merger of the Los Angeles-based oil company intoLATWP,; Bloomberg - 333 words
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Article, Illustration540 1999-09-01 22 US firm to acquire German software maker, shift office suite to the Net NYT, Bloomberg {NEW YORK] Sun Microsystems Inc is planning an ambitious campaign to move everyday software applications away from the personal computer desktop and onto the World WideNYT,; Bloomberg - 540 words
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Article, Illustration61 1999-09-01 22 IDC is now Gable Wireless IDC [TOKYO] Simon Cunningham, president of International Digital Communications (IDC), gesturing as he introduces the new company name and logo during a press coherence at a hotel in Tokyo yesterday. IDC will change its brand name to "Cabie& W ire less IDC Inc"from today, twoAFP - 61 words
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371 1999-09-01 22 Security hole allows access to accounts without password LAT-WP [NEW YORK] Microsoft Corp had to shut down the Hotmail service few several hours on Monday to fix a major computer security hole. Malicious hackers created World Wide Web sites that allowedLAT-WP - 371 words
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304 1999-09-01 22 Bloomberg [WASHINGTON] US Securities and Exchange Commission chairman Arthur Levitt told New York Stock Exchange officials that their plan to convert to a public corporation doesn't provide enough independence to the Big Board's self-policing unit "I have a lot of reservations aboutBloomberg - 304 words
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FINANCE & COMMODITIES
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463 1999-09-01 23 DBS'recent USs7sombond to be added to Asia Bond Index today Bloomberg [HONGKONG] The Chase Asia Bond Index (Cabi) will begin including Singapore bonds today when the recent US$75O million (Ssl.3 billion) Development Bank of Singapore bond is added to lift the number of countriesBloomberg - 463 words
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533 1999-09-01 23 Bloomberg [BERLIN] Deutsche Bank AG, the world's biggest bank, said it will cooperate with Nokia Oyj, the No 1 cellular phone maker, to provide banking services via mobile phones as it exploits technological advances to win customers. The Frankfurt-based bank plans to give clientsBloomberg - 533 words
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260 1999-09-01 23 More are disposing of unprofitable lines to cot risk Reuters [NEW YORK] The US finance industry posted solid earnings and strong asset quality measures in the first half of 1999 as competitive pressures prompted the elimination of unprofitable business lines, according toReuters - 260 words
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Article, Illustration948 1999-09-01 24 DITBRBAMM CROSS KATES £*3, "'»'"■■»>" "I m mm* w tm m m tmnm m Amtr* 0.944 6.178 0.607 3.981 1*7 4.919 27.555 ***** 0.707 7.493 2.407 12M12JS) 2578 1*74 MO MM 207W 24*85 MM liH C««U 1.050 5.560 0.636 4.171 1744 5702 ***** ***** 0739 7.936 2*46 1795 347*26*79 UN948 words
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Article1398 1999-09-01 24 8100M FUTURES Aug 3 BK>CMradMh««irtl3*M) ICWfTlACTtScwtjA,) 4 Om VMM Optfl "WO Wj> L— Sttt (tMM>) Irtftrt Sw 9100 9L25 9L2S K2S 200 1400 SPV99 KiS 300 90.75 300 JMrHV 00 102.75 300 Mr/M00 W.7S win ks 3 cwmuCT (us cMrtVk«) mm 0m -fPffrg' jifc stt (tup W 5150 5i 51751,398 words
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202 1999-09-01 24 Daphne Tay, Jardine Fleming - «i Reports IffffT Tn^ar Daphne Tay, Jardine Fleming IT was another unpleasant day for the Singapore stock market yesterday. The market was depressed by a further three-digit fall overnight on Wall Street, heightening investors' concerns over the increased volatUity in those markets. The Straits202 words
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143 1999-09-01 24 Cecilia Loh Refco Singapore - MSCI Taiwan tatm-as Cecilia Loh Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract yesterday rose for the second consecutive day on rosy economic growth outlook, which minimised the severity of cross-strait tension. The benchmark TWSE index soared 86.37 points to 8,157.73 points.143 words
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281 1999-09-01 24 ENERGY REPORT Reuters [LONDON] Oil's seven-month rally touched a new peak yesterday after a trio of leading exporters said they would retain tight export curbs during the northern hemisphere winter. Benchmark Brent crude in London reached USS2L3O a barrel, the highestReuters - 281 words
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Article308 1999-09-01 24 Reuters, AFP liAfUlfUl THE yen set seven-month highs beyond the psychological 110 threshold against the dollar and scaled all-time peaks against the euro yesterday as the Bank of Japan (BOJ) remained absent from the foreign exchanges. The lack of either verbal or actual intervention by the BOJ coupledReuters,; AFP - 308 words
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Article, Illustration1282 1999-09-01 25 AFP pHtagSeng -M6Jt HONGKONG share prices fell 1.5 per cent yesterday on prof-it-taking after overnight falls on Wall Street, dealers said. "Judging from the thin turnover, investors were not keen on getting into the market," said Sean Li, associate director at Amsteel. "There is no further good news andAFP - 1,282 words
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Article, Illustration521 1999-09-01 25 Reuters nShenzhen Binder -dSt SHENZHEN'S hard currency B shares edged down in lacklustre trade yesterday despite news that China will tax bank interest income in a bid to stimulate domestic consumption. The B share index edged down 0.56 point, or 0.62 per cent, to 89.41, partly because of weakReuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 521 words
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Article304 1999-09-01 25 —AFP PffPMtt +8137 TAIWAN share prices closed 1.1 per cent higher yesterday, with buyers targeting technology and traditional manufacturing sectors, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 86.37 points to 8,157.73 on turnover of NT1151.65 billion. "The technology sector is enjoying its peak season. There are—AFP - 304 words
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Article1723 1999-09-01 25 Imir Hmt *h 31 Group B53 unch utoyMmm ooa -ooi A B Foods 4.30 -0.08 A B Ports 3.46 -0.02 Astra2anaca 25.09 -0.09 AManc* lafcastar 8.77 unch AMadOomacq 5.72 004 AJMZWkh 8.06 -0.13 Anglo Amarta «n ftakl 43 70 unch A50A Group 2-20 unch Bank of Scotland1,723 words
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Article1519 1999-09-01 25 AFP Q Nikkei 225 jM SHARE prices in Tokyo dropped 2.7 per cent yesterday with investors disappointed by poor industrial output figures, brokers said. The key Nikkei 225 index lost 482.41 points to finish at 17,436.56. Trading was heavy, with volume estimated at 633 million shares, compared with 455.4AFP - 1,519 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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179 1999-09-01 26 R Sivanithy - WARRANT WATCH -By R Sivanithy ONE reason why investors might not want to invest in Malaysia is the market's reputation for volatility and speculation. So for the more risk-averse looking to put some money into Malaysia, today's feature is a semi blue chip179 words
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Article244 1999-09-01 26 AFP THE New Zealand share market slipped slightly yesterday but held up generally well in the face of offshore weakness, brokers said. The NZSE-40 Capital Index closed down 2.69 points or 0.1 per cent at 2,152.62 on trade worth NZ$5B.4 million. «3* 1 rmm 44v«nt»»» MOS 2.45 <UM 44AFP - 244 words
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Article1848 1999-09-01 26 bows. loams ft HM U "i- L"| Vat On uat Oaata A*f c.mjm, u* *f- COOOI H«i Ln Bvyor Whr Mm •o 4 5 t 3164 5 '2 3 139 S23 49 SIS SU S9 16 a 31« AST£5WSKUTO X 3 OO 40 36 36 39 40 53 »S t1,848 words
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Article174 1999-09-01 26 J* 1 o* UdtOm* OK OK vm IM HCw r '—"I fOOOt >•» L«i Buyr »—r Cw Pft tx T »JM t*n®V "K ZUC HR—720 Id 2.1 7.4 6 2474Q4 5125 Oiawng KongSOc 1780 cd 240 6J 4.7 3 Mnls MK T«l 50c 400 MK—MO Q( OOCS UI*****J174 words
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Article, Illustration825 1999-09-01 26 AFP Q SET Index -421 THAI share prices closed 1.4 per cent lower yesterday on foreign selling, mostly in finance stocks. Dealers said market sentiment was undermined by the decision of Thai Farmers Bank pic to cut off financial support for subsidiary Phatra Finance. Weaker regional markets and lossesAFP - 825 words
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Article387 1999-09-01 26 AFP POMnpontßlafai -4J| SHARE prices on the Korea Stock Exchange yesterday edged down 0.5 per cent after a rebound in semiconductors and export-oriented stocks helped offset earlier losses, dealers said. The Composite Index closed down 4.69 points at 937.88, off a low of 922.34. Volume was 262.4 million sharesAFP - 387 words
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Article569 1999-09-01 26 AFP Q&nOrimarie* -4U AUSTRALIAN share prices fell 1.4 per cent yesterday, with potential interest rate rises in the United States still having a cautionary impact, brokers said. The All Ordinaries Index closed 41.1 points lower at 2,951.90. The All Industrials Index fell 76.7 points to 5,115.70 and the AllAFP - 569 words
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Article, Illustration608 1999-09-01 26 AFP Q OmpodteLitajtOl INDONESIAN share prices made marginal gains yesterday on a technical rebound led by pharmaceuticals and selected nugor stocks, dealers said. The Jakarta Stock Exchange Composite Index closed up 0.38 point at 567.03. An institutional dealer at a regional brokerage said: "I think some investors have startedAFP - 608 words
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Article271 1999-09-01 26 AFP n Manila -27.42 PHILIPPINE share prices closed 1.2 per cent lower yesterday due to fears of a rise in interest rates and the inflation rate and the instability of the local currency, analysts said. The Philippine Stock Exchange Composite Index fell 27.42 points to 2,173.82. Volume totalled 1.22AFP - 271 words
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5784 1999-09-01 27 Transaction <i.ift*: A 11:, J1 I 8r Of urn Laat Val Day Laat Ouata Or. m VM MM CM A*f UN* La* »tlX Campany M» rOOO) High Law Buyar BaBar CV M tmk Wg '•2 TT J m b 1000 Acma 50« 128 -45,784 words
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Article1259 1999-09-01 27 Or 8r M m U-fft LM* V« Bay UdQwti Btv Dk fM M Ca IN Hmi u> S«W» C«w»—V UH rOOO) 98» \Jtm WmfW H»f Cw >/I t— *9»» 218 43 c 204* AS Alii* 10c 188 -7 Ut HO 182 186 186 ION 03 2U.7 1*3 a ,31,259 words
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STOCK EXCHANGE OF SINGAPORE
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Article245 1999-09-01 28 I WW— •Oontinglnt 19.382,000 MtfiwtiOMi Press Soft com I3.66S.000 Asia Foodtfrop US5 12,384,000 Noting Inv NTS 9,902,000 Amtofc Engg 20c 9,899,000 (WYWUSIOC 8,323,000 GoWtn Agri US 10c 8,152,000 IfCCorpnSc 7,849,000 Eagio Brand HMqs NK75c 7,421,000 MS D6 OC*****25 6.196.000 Sttta J 0C8C Foreign 24,851.052 DBS 23,578,224 City On 50c 20,725,860245 words
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Article, Illustration622 1999-09-01 28 R Sivanithy - STOCK MARKET OOMMHMTART Drift seen for next few weeks, but support may come from fond managers as summer holidays end By R Sivanithy A NERVOUS US market, vulnerable to the slightest sign of Inflation and already In high-powered Fed-watch-ing mode, on622 words
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Article, Illustration42 1999-09-01 28 Wong Wei Kong - By Wong Wei Kong AMTEK Engineering shares dived 23 cents to $1.30 yesterday with 9.9 million shares traded, compared with its 10-day traded average of 486,100 shares. The RSI, Stochastics and MACD charts suggest further weakness. By Wong Wei Kong42 words
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ON THE GRAPEVINE
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Article167 1999-09-01 28 THE sudden departure of the once influential Zhu Xlaohua from China Everbright Group has raised much market speculation about his well-being. At a press conference by the red-chip company in Hongkong yesterday, when senior officials were asked by BT to give an update on the status167 words
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Article86 1999-09-01 28 GOLDMAN Sachs has picked five stocks in Asia for the Y2K risk-averse Singapore Airlines, Cathay Pacific, HSBC Holdings, Kor Ant Bank, and TBMC. In a rocent feport, it also said 73 out of 96 com pan! ef surveyed were in advanced stages of 7' preparation and were qualified by86 words
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Article67 1999-09-01 28 IN yesterday's Grapevine column, we said there were claims that the US Ffcderal Reserve is too ffct, since it employs 23,000 people in 12 banks around the US. This, however, pales In comparison to the situation in Russia. According to Moecowbased brokerage Regent European Securities, the Central Bank67 words
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Article14 1999-09-01 28 A rJßut electronic oommafca is the fastest Mr 214 words
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Page 17 Advertisements
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Advertisement87 1999-09-01 17 Market eep ranking: Full list, Pg 18 w frya, a %i_ ,mi a gKf x C; I J-L I BMP. f ity BPt: mk. ICSS Or W** f T f w x .if 1 'v? w ,^^^iWIBB|BpHBW^WpBBIBBBpWIBPpPWP!^*P' 1 Daily to Switzerland and Europe. Travel, they used to say, frees the87 words
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Page 19 Advertisements
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Advertisement5 1999-09-01 19 Strait Talk TheßuknessTimes Shipping Times5 words
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Advertisement367 1999-09-01 19 o Let Citibank introduce you to the delicacies of Japanese investments. m Don't miss the Citibank Investment Seminar on 16 September 1999. Come to the Citibank Investment Seminar and whet your appetite for investment opportunities in Japan. Here, Schroders will unveil one of the most attractive prospects in Japan the367 words
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Page 20 Advertisements
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Advertisement289 1999-09-01 20 Coaoo HK to help Cosco Inv restructurefleet, Shipping Times Pg 1 starting Jan 2000 L your competitiveness with the coveted ~W "B M" IVJ BROADEN m cAJe present at our your knowledge in finance with our offer of Information Session to find out how you can stay A Wide Selection289 words
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Page 21 Advertisements
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Advertisement159 1999-09-01 21 The Pleasantest Place la The Cltf. I i^lM! -•J®] .-V*® iMlitr ~.i W Ik aa fcb. am wk I llhmJ i I: 1 1 i mm F7 m H H I Wi Sf I IK IV J I All's not what you'd come to expect at the new Californian cuisine.159 words
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Page 22 Advertisements
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Advertisement84 1999-09-01 22 Miais r MENTOR MEDIA LTD (Incorporated in the Republic of Singapore on 21 April 1993) r v rr ,s T INmAL PUBLIC OFFERING Comprising 40,000,000 Shares at $0.25 each Applications for the Shares may be made on printed Application Forms referred to in the Prospectus dated 30 August 1999. Applications84 words
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Page 23 Advertisements
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Advertisement190 1999-09-01 23 ljoy uffet irow r. at the Concorde >into overdrive ;e. Li get a deluxe breakfast plus transfer from rport (KLIA) I at the Concorde Inn :he Plus Plus Package r Sss4 nett >u're geared for or pleasure, book nto Concorde .umpur or Shah Alam, »rde Inn KLIA, or at lirport190 words
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Advertisement1520 1999-09-01 23 (IS) THAKRAL CORPORATION LTD (Incorporated in the Republic of Singapore) Am Ordinary Business (1) To receive and adopt the Directors' Report and Audited Accounts for the financial year ended Match 31,1999 and the Auditors' Report thereon. (Resolution 1) (2) To reelect the following directors retiring under the respective Articles of1,520 words
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Page 25 Advertisements
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Advertisement163 1999-09-01 25 Predictably appreciating asset A globally recognised MBA. The market will always have its ups and downs but the investment you make on an MBA from University of Hull endures forever. nn t t p hl bk 4500— More contact hours with Hull Faculty members including internationally acclaimed 1 il I163 words
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Page 26 Advertisements
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Advertisement101 1999-09-01 26 26 /X jj mßp^ Get real with The Grand Vitara, the 4x4 specialist that's prepared for any climate with its powerful 2.5 litre V 6 engine. So whether the future holds upsides or downturns, you can face it with confidence. why signals gRAWP 1.4 AU SEP OCT NOV DEC JAN101 words
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Page 27 Advertisements
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Advertisement12 1999-09-01 27 The full use OF TODAY THE BEST PREPARATION I h r TOMORROW12 words
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Advertisement10 1999-09-01 27 h View the collection at t? Roy Eastern Watch I10 words
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Advertisement6 1999-09-01 27 Imagination s //?rj/'c> IMPORTANT than KNOWLEDGE6 words
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Page 28 Advertisements
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Advertisement1866 1999-09-01 28 Short of cash to invest 7 r 323-3955 >I<l XISBANK NOTICES Notice to Submit I Proofs of Debt I In the matter of STS SHIPPING PTE LTD I (In member's voluntary liquidation) X and |Rj In the matter of the Companies Act (Cap SO) |g NOTICE IS HEREBY GIVEN that1,866 words
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Advertisement125 1999-09-01 28 Notice of Resolution I to Wind Up I In the matter of SINTONG TRANSPORT (PTE.) LTD. If (In members' voluntary liquidation) 8 and -If In the matter of the Companies Act (Cap 50) H At an Extraordinary General Meeting of the above |jj Company, duly convened, and held on 31125 words
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SHIPPING TIMES
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Article163 1999-09-01 29 Bridge News, Renter IN the US Gulf, Changbai was rumored to have fixed the 1991-built 73,50& deadweight-tonne Szare Szeregi for business to the Philippines. The charterer had been quoting 55,000 tonnes 5 per cent of soybean meal for Sept 15-25 loading from the Gulf. The Szare Szeregi isBridge News,; Renter - 163 words
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Article194 1999-09-01 29 CWT gtctrttwtton U3 -O.O' M SM lMrtMnt_.ua -aOI 539 flMfMLI— 045 -002 DM MiS***. o.« u«c* -2 KM Sun Hup 0.75 0.01 578 IMC HoMn«s-H« —MO «nc* 0 ■mil Win <-01 -0.03 44 aisciis 5JS Mm* 'tLi 1-34 «7 2.07 -0.03 80 -0.03 72 N04 2.18 "0.03 3475194 words
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500 1999-09-01 29 Alec Almazan - Foreign principals forced to look to other countries for crew needs official From, Alec Almazan in Manila THE growing number of claims for moral damages by Filipino seafarers against foreign shipowners could harm the crewing industry, Pandiman Philippines general manger Captain Andrew J500 words
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Article, Illustration87 1999-09-01 29 [SINGAPORE] Smtt International Singapore has completed removing oil from the partly submerged bulk carrier, MV Cordiality, qffthe north coast qf Sri Lanka. Work on MV Cordiality began this August and was completed within four days. Oil was pumped out from the wreck87 words
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136 1999-09-01 29 AFX-Asia [SINGAPORE] Cosco Investments Singapore has signed a memorandum of understanding with Cosco (HK) Shipping Co Ltd, which has agreed to support Cosco Investments Singapore's bulk shipping business, Cosco Group Beijing said yesterday. Two vessels which have been ordered by Cosco (HK)AFX-Asia - 136 words
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214 1999-09-01 29 Marcus Hand - The three-day event will cover all issues surrounding oil spills By Marcus Hand [SINGAPORE] The International Oil Pollution Conference Exhibition (lOPCE) '99 opens in Singapore today with top industry experts discussing a total approach to oil pollution, prevention, planning and response. The214 words
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710 1999-09-01 29 Seafarer - STRAIT TALK By\ Seafarer THE sight of Star Cruises twin megaships the SuperStar Leo and Virgo steaming gracefully side-by-side up the Straits of Malacca at the weekend sent a clear sign to any line hoping for a major slice of the Asian710 words
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Article, Illustration1047 1999-09-01 30 SPOTUGHT ON CARGO Antwerp meeting of insurers, shippers and security providers discusses how to prevent damage to cargo and theft ITJ A container load of food in jars recently travelling to Australia was delayed by a dock strike which added another 28 days to theITJ; FILE PHOTO - 1,047 words
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Article269 1999-09-01 30 PACE tnql.ee 13 ANL 3 ESP lines 13 AASCO 12 Aceort. FoomSw I Mirenkrt M f™U 13 ***«*> 5 FrtLMu M ASM OCt 5 GU* 4 Austral s Gemartrans 6 Avant M OnsXpg 13 B'Unq Mas 8 Glory Way M BSA 7 HafiunHup 12 Bit M Han#269 words
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Article19641 1999-09-01 37 THEBUSINESSTIMES EXPORT ETA ETA *4wttw Vassal Voyage Talapnona ETA ETA Advartlsar Vnul Voyaga TMdtow M»(D«rtjll Nam* Nam* um6,f Numbar Q/W 03/B Norasla NORASIA SCARLET 993**I <******33 TO ABU DHABI (AUH) 2004 U. A. Emirates Ttt call an iri i ?<vu p.r„ S£ S2T SET 5» C^r (CLL) pS519,641 words
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SHIPS IN PORT
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Article677 1999-09-01 43 Vw* Voy No Bwth Arrival Departure PMMEM» ***** JIT 31/06/7 J5 01/W/800 i ns M7 31/06/8:15 02/09/8-00 PJ?^ 1 1003 M 31/08/8J5 31/06/2330 UMaSM 8 *****1 J15 3V06/8.20 31/06/23 59 M Mrtm 0 J01 3V06/1130 31/06/2300 M jMMMI 0 J01 31/06/8-.20 31/0^23:00 ■HMtcW J» 3V08/I0:l0 3V06/T900 M Htndi677 words
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Article1393 1999-09-01 43 RECEIVING Of EXPORT FCl CONTAINERS AND LCL CARGO Book Idq/Bi tenet Rstts Sltfp Voylk) Etb/Btr Pwtod Frew To From AcmaaucM it-ft Vfcoo a wrroo jvo*» jvwoo a jwttoo jv»m jvow J jvotoo jvtb» jvmoc 4 JVBOO JVMW JVTTOO AUNJA YA 1 KM VOW a JOATOO JVOW» MM a1,393 words
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Article194 1999-09-01 43 Bap 1 Mexico: State of the Nation (optional). flap* Canada: Labour Day. Luxembourg: City Kemesse. United States: Labour Day. Sap IB Japan: Respect of the Aged Day. Independence Day. Bap 23 Japan: Autummal Equinox Day. South Korea: Harvest Moon Festival Eve. Bap 24 South Africa: Heritage Day. South194 words
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Article659 1999-09-01 43 THIS report compiled by Cockett Marine Oil Ltd, shows pries ranges in US dollars instead aT slngts pricss for s mors comprehensive description at the market Prices shown are based oo ivtrapsized stem Market movements ars lndl cated The Cockett Bunker Price Index change and the659 words
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Article386 1999-09-01 43 w aoita 9904 0.7 us u» R MI *•< 1>—*T Mataf Iwliw Art Al—lal— ti—ill Mi atOM £25 0 I %m m NS-2 M MJ M7 a «jK to- MOM* 9913 U NJ OLO a Ml m/m in Mi M/M WW matmt Ma atow S3S 2386 words
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AIR & LAND TRANSPORT NEWS
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Article, Illustration658 1999-09-01 44 It retains the right to shift work to outside producers and lay off workers Reuters [NEW YORK] Boeing Co's tentative contract deal with its biggest union will help the aerospace giant slim down and fend off challenges from hard-charging European rivalReuters; FILE PHOTO - 658 words
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416 1999-09-01 44 Bloomberg [LONDON] European airlines are intensifying efforts to woo British Midland Airways Ltd, the UK's third biggest airline, which is expected to pick a partner as early as this week. Deutsche Lufthansa, Virgin Atlantic Airways, Air France and KLM Royal DutchBloomberg - 416 words
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323 1999-09-01 44 LAT-WP [LOS ANGELES] American Airlines steadfastly plans to integrate Reno Air into its system despite an ongoing dispute with its pilots' union over the merger that led to a pilots' slckout against American and 6,600 cancelled flights in February. Both sidesLAT-WP - 323 words
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247 1999-09-01 44 But Korean carrier says its cargo agent made the mistake Bloomberg [SEOUL] Asiana Airlines said it was fined US$6O,OOO (SS101.400) by the US Federal Aviation Administration after South Korea's No 2 airline was found to have carried flammable material without authorisation to Los AngelesBloomberg - 247 words
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187 1999-09-01 44 Reuters [BRUSSELS] Passenger traffic at the ma)or European airlines rose a collective 7.7 per cent in July on a year ago, the Association of European Airlines said on Monday. Growth was led by an increase of 10.8 per cent on North AtlanticReuters - 187 words
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LOG Book
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Article101 1999-09-01 44 Bloomberg [ATLANTA] Delta Air Lines Inc. the third largest US carrier, received tentative approval from the US U government to make additional flights between New York and France. Delta will ofltor daily non-stop service between New York and Lyon starting the middle of nextBloomberg - 101 words
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76 1999-09-01 44 AFX-Asia [HONGKONG] China Airlines Co Ltd has been ordered by the Taiwan authorities to cut the number of flights it operates so as to allow more time for crew training foil owing the crash of an Aug 22 CAL flight in Hongkoi*. thn TfmrftAFX-Asia - 76 words
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114 1999-09-01 44 Reuters [AMSTERDAM] Schiphol Group, owner of Amsterdam's Schiphol airport, said on Monday it expected ftill»ye*r ISBBresults excluding reorganisation costs to be around <he same level as that posted in 1998. "One must taks account of the negative effects of the sbntttlonof tax-free sales within theReuters - 114 words
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Article1447 1999-09-01 44 CITY fUCHT m FU6WT ETC LH6373 2355 MlMIl AN8230 mo S026 2355 IH6381 IS50 FH—IB S0989 1645 S0990 0105 ***** 1 OwnfrtM C2351 2045 C2352 0835 "iSS 255 5£2 £5 hmoi v*74i oio mu 0905 *£2 215 ***** 2325 SOf75 *30 SOT? 6 M05 VW74C UK)1,447 words
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Page 29 Advertisements
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Advertisement90 1999-09-01 29 Booting oat losses in transit Antwerp meeting of insurers, shippers and security providers discusses how to prevent damage to cargo and theft. Page 2 Yards Of Space To Contain Your i With 1.2 Million Square Metres Of Container Yard, We Give You A Storage Capacity Of Approximately 110,000 TEU's. *****90 words
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Advertisement24 1999-09-01 29 Boeing pact with anions shrewd move, say analysts It retains the right to shift work to outside producers and lay off workers. Page 1624 words
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Page 30 Advertisements
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Advertisement1145 1999-09-01 30 1 EXPORT 1 I OTHER DESTINATIONS 1 38X SUPER SHPTTLE EXPHOS MWSCT TO LOHQ BEACH WEST COAST OF CENTRAL AMEMCA (MARQAJVTA SERVICE) Msa wr ps[ nta mmmoi Mtus womn otmo mw row man on msa wt MT rtawrml aouihu wmumbo I co—to n mam mmwbtma mm <£ST OOaOUNMU WBJ7 M/W1,145 words
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Advertisement506 1999-09-01 30 l*"* awvtoM represented Accredted Shipping Agent. Sfrw National Shipping Assoc >fIOHL Members ol the Singapore Freio« Forwarders AMQCfton ULY UNE MALE IvKsa voy leu ns m r. KLAN6 SPOEE MUII Princess Lily VDB99 14/09 15/09 24/09 Empress Lily V 0599 30/09 01/10 08/11 PrincatsUly VO99S 15/10 17/10 26/10 ULY MARINE506 words
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Page 31 Advertisements
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Advertisement962 1999-09-01 31 TO EUROPE FROM EUROPE 535 yw aimiiiMwainTH vtssa m mi >■ hmi w sou m w sm MXAMAZOMTI 024W 02/09 25/09 22/09 23/00 20/00 HYOMMODOK J2« 14/ M 11/ M 12/0009/00 02/00 UlOMf 529W 03/09 If/Of 21/ V* 24/00 25/00 APIKAM. OIK 12/01 14/01 17/00 11/00 04/00 NY MBM 3IOW962 words
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Advertisement1597 1999-09-01 31 HANJIN SHIPPING 
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Advertisement1265 1999-09-01 32 MR-SENATOR LINES TEillflOOEflPttMT TOMHWTTBBBANEANiCANADA WMB- m m LBt IW W HW W M »B» WY W W 8H fD> MX WW KMIBU" Ti m IIM WM «K 17 M H.M BBZADOUN M7W UN MM MM MM SN M MUNKMitM mmm in wm 17 a km aa ni am CMJFwaA kwuoi1,265 words
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Advertisement868 1999-09-01 32 i~JVZ V2J B®U (084) *****8 MAMLA: (832) *****24 PO4ANQ: <04)*****38 BANGKOK: (862) *****67 SURABAYA: (31)*****11 P-XELAMQ: (03) *****77 JKT: (21) *****46 KUCMNQ (082) *****1-3 """"/6INOA T BOMBAY MV MILDBURG V.9515 MV KO TA RATU" V.RTUOSS ETA SIN 06-09-99 ETA SIN: 04-09-99 HO CHI MINH MANILA MV "SINAR NUSA" V.A1369 MV868 words
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Advertisement1453 1999-09-01 33 IVESQgL VOY KHH HKO OOM PKQ PQM PXB P9BOB BA 6*K IRAN SATTARI PCL-5117 29/08 27/06 31/06 01/00 11/00 12/00 13/00 15/00 17/O0 MANTEYFOURi PCL-5118 01/00 03/00 07/00 06/00 17/00 18/00 10AM 21/00 23/00 IRAN BAAKERI PCL-SllO 06/00 10/00 14/00 16/00 24/00 26/00 26/00 28/00 30/00 MAN BHAHRYAR PCL-8120 18/001,453 words
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Advertisement1029 1999-09-01 33 aaL||| ClltllMAl Ia M J M B ww®W| 9MM| Iw MN MMMHi B I D|iko»tl (Via MmQ I SINGAPORE'S GENERAL AGENTS: SO ROIINSON RD HL 226 1900 FAX: *****0* OUTWARD (l/L) r^2os!o?^OHoirOfFl^^™~~™™™"l COSTAR SHIPPING PTIITD »IMO SAHS/MGS *****57/40 inward DCFT (D/OI *****85 COSTAK AGENCIES (M) SDN BHD fi-t7-35M170 *h/*ot r»1,029 words
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Advertisement1163 1999-09-01 34 riSTI ROM ANW HN THP ZEE LHV I LHV THP ROM ANW HM PW. IW I I mi am nm nm vm nm 2Mi e. result re-ki mm 14* imi imi 17/ m km mm I Si!2Ls £f l i. IMa 3Ma W fll Nftl li. ROUNO RE-MI 1M tljN1,163 words
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Advertisement384 1999-09-01 35 mm MYANMA wBBk FIVE STAR UNE (My—or NctfcoMi Um) W LmAmi f«r Ym««i (RwfMfl) VBSQ VOY 5M lU IW MM (BIG TUNG 4W 5U SA6AM6 42W M/W ■AUV9A A6MTS: OOMSKAM SMPPM6 A6BtCKS ML TB (03) ***** M ML- TH (03)*****01 rat TH (M) *****42 PGtfc TH (07)*****21/4 BANK LINE (A384 words
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Advertisement747 1999-09-01 36 —HOICOK/MAP T* PHUT/LAW CIWANOI I J >«> I.TA/HNJAHO VESS£L VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN NAWTA BHUM** 461N In Pt 04/08 06/08 GURU BHUM 1448 In Pt 06/08 YANTRA BHUM 306N 02/08 OS/OB 04/08 VIRA BHUM 2768 In Pt 04/08 06/00 KOTA HAHTA HTAOBO 02/09 06/08747 words
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Advertisement19 1999-09-01 37 New Advertisers/Services/Agencies 13 »0 VAfl IHI Round thi woiid Contiinif S#nrico For Complete Schedules Information Turn To Pg 519 words
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Advertisement30 1999-09-01 37 Calling More Than 1500 Worldwide Destinations. Find out more on Pg 13 US WEST COAST MIDDLE EAST INDIAN SUB-CONTINENT Check Out Our Details On Pg 7 Daily D'OCEAN UNES I30 words
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Advertisement147 1999-09-01 40 (FOtKT PRODUCTS SERVICE) (SalCoa Service For CfcrMmw Ufand Fremaade Caen Übnd) tUROPt StRVKI "AJbo call other Australia ports mfejeet to Iwhweal WH SIN KKU TMA VKSB VOY. SM CXI W (OS RUOMSTBIAV3IA <»■«« M— *uuu MU» THOIKIRSTEN 4KI SAAID 03/09 10/99 20/09 lomm W; Kao»*/m/nxM»/»Krm*r mot kksten 4350 24/00 20/09147 words
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Advertisement1225 1999-09-01 41 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO Ipibl aMMT|»|BM|rw|c—|«M|mi|im|Qg|uv|»w|na|iim| —nya nm XJ9L »/io| u/it »/n|n/» n/n n/n \un\ oimlttm ynaa. mi /mi W/l> 11/10 JIZIL -Hill -11/H Jt/lt tTAlltlt/ll /li lt/ii ii/ii I u/i: 111/11 I H/iiTi7/i> II WffWPMB/HH >/)> 01/11 JtZIL JZZIIJZZIL 11/11 mTtiTiy/i l 5/iS M/ 111,225 words
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Advertisement466 1999-09-01 42 ■VESSEL ITtGER ISLAND 731N 02-03/09 07-1309 18-1/09 8 TIGER PEARL 732N 0647/09 11-17AB 22 23X8 TKjERSEA 733N 12-13/09 17-21/09 25-2609 I TIGER BAY 734N 15-1609 20-2309 28-29/09 ft I TIGER ISLANO 736N 18-19/09 23-26-0 01-02/10 TIGER PEARL 736N 22-23/09 27-02/10 07-0610 Ivessel^YTOY^SSJ^CAL^S!!^^! TIGER OCEAN 392CN8 01-02/09 08-12/09 18-19/09 XPRESS SPORE466 words
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Advertisement785 1999-09-01 42 FREIGHT LINKS EXPRESS Tel: *****11 Fax: *****77 E-mail: flesinOsingnet.coni.sg DIRECT CONSOLIDATION SERVICE TO ALEXANDRIA COPENHAGEN MAHE PHNOMPENH BUENOS AIRES HELSINKI MANZANILLO SAN ANTONIO CALLAO, PERU ISTANBUL MEXICO CITY SANTOS COLON, PANAMA IZMIR NHAVA SHEVA TAICHUNG PLEASE CALL OUR TOLL FREE UNE: 1800-*****66 FOR BOOKING Overseas Offices Hongkong 852-*****113 flm«eaMoonlina.n«t Surabaya785 words
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Advertisement909 1999-09-01 42 OOCL (Sinqooore Pte Ltd CFS 4^ 45 Ch* St OCKC* 042-00 *****13 Mi Sl3 #01-121 c fj CINOIIO7O7OOOOOH 1*272 7027 VL Ufc *****03 foe 430 2*4* Fix: 272 7825 WW Onent Overseas Container Line P*) r Msbysw Sdn Bhd (tog Ncx *****2-U) KTAUNGJAYA I*o3-754 777* foe 03-754 4*57 gfPf KNANG909 words
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Advertisement120 1999-09-01 42 CONVENTIONAL-SERVICE VESSEL ETA ETD DESTINATION CHAHAYA VICTORY (809 04Q9 JAKARTA /PANGKAL BALAM SOUTHERN QUEEN 0609 0&09 SURABAYA JUBILANT 0009 1009 YANGON CHAHAYA STAR 1309 1509 CALCUTTA REOULftR DIRECT COHT/UNEW ft BRIAKBUuTI WMCi TO PORT LOUIS ft PURBAH EXPORT VOY SM PTL MM ALS ENDEAVOUR 06WB 06/09 19/06 24/09 ALS EXPRESS120 words
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Page 43 Miscellaneous
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Miscellaneous125 1999-09-01 43 LEGEND: Thunderstorm Temperature *q V Shower Weather Wind direction with speed m knots Ron Cloudy Sky Wove height Swfect winds are Minted by arrows wfcidi Hy with tfce wind One KM circle represents cafrn or light and vohotote winds l-_ One ho* fWche represents 5 knots ~77i °7, ""**l nT***"*125 words
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Advertisement53 1999-09-01 44 Shipping I WE ARE MOVING TO OUR H NEW PREMISES WITH EFFECT FROM g' 13 September 1999 lis 70 Shenton Way #06-02 Marina House |1 Singapore *****8 U BOOKINGS HOTLINE: I *****96 (3 LINES) Wm FAX: *****72 I GENERAL LINE: *****33 (6 LINES) I if. OUTWARD TEL: f'% *****82/*****97 j|*53 words
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