The Business Times, 13 May 1998

Microfilm: NL21186
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    12 1 THE BUSINESS TIMES MITA(P) ll(V12/97 85« SINGAPORE Internet: http://www.asial.com.sg/biztimes WEDNESDAY, MAY 13,1998
    12 words
  • Article
    MARKET SUMMARY
    70 1 n™ M 1,*****6 (-20.70) nsr-sn M 584.72 (-7.06) niTCXXHP UUHJB (-19.00) nsmaA kJ ***** (-6.86) PT HAXKETHOOD: k* Dtwn ST0G1MA1KET INDICES Tuesday Change KLSE COMP MM -10.88 NIKKEI 15,***** «.42 HANG SENG 9,***** -264.86 SET INDEX 381.66 -4.77 JAKARTA COMP _430.63 -4.13 M AN1IA COMP _J114.52 +4.66 TAIPEI
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  • Article
    FINANCE
    75 1 F01EX BATES uss ss UM 1.630 per 1.S94 2.663 DM 1.775 0918 YEN 133.2 1523* MS 1810 0.428 HKJ 7.749 0310 BAHT 3851 0.042 WJP1AH 0.018* St to 100 units PRIME RATES SINGAPORE* 7.79 KUALA LUMPUR 11.50 JAKARTA ...28.00 BANGKOK 14.75 MANILA TtM HONGKONG 10 15 TAIPEI 8.80 SYDNEY
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  • Article, Illustration
    Lock icon Six students shot dead in Jakarta protests
    766 1  -  Army quoted as saying only robber ballets were fired From S N Vasuki in Jakarta THE three-month-long protests against the Indonesian government took a bloody and deadly turn in Jakarta yesterday after security forces fired on students, kttling at least six and wounding
    REUTERS  -  766 words
  • Article
    NatSteel writes down $115m in regional assets
    629 1  -  Loss offset by $66m gain from dilation of interest in nnit By' Ven Sreenivasan, Edmund Loh [SINGAPORE] In a move that may be the start of a trend, listed Nat Steel Ltd has provided for a $115 million fall in the value of
    629 words
  • Article, Illustration
    Lock icon S'pore leads region in freeing up telecoms market: survey
    516 1  -  But Asia-Pacific lags world in creating competitive market Byl Catherine Ong [SINGAPORE] Singapore leads Asia-Pacific countries in creating a competitive market for telecommunications even as the Asia-Pacific region is seen lagging behind the rest of the world in freeing up telecoms
    Source: TeleGeography Inc; Source: IDC Yankee Grow and Forrester  -  516 words
  • Article
    Financial reforms must be managed with care: BG Lee
    410 1  -  MAS committed to opening np financial sector Vikram Khanna [SINGAPORE] The regional crisis has reinforced Singapore's awareness that financial reforms must be managed in a controlled and orderly manner. Deputy Prime Minister Lee Hsien Loong said yesterday. Addressing a banking seminar
    410 words
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      115 1 DBBPB Rarity check Why Asian currencies may weaken more slowly than Asian stocks, lhmy Matters Pf 5 Back «o track "We are back in the black and we are back on track," said Australian Treasurer Peter Costello yesterday wheh he announced a better-than-anticipated budget surplus of As2.7b for the 1996/99
      115 words
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      9 1 HERMES J_ Liat Towers g|9^^^SB§i9KS^^^^^^^^HP|HHPF>* S? Tel: *****53 Takashimaya
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Littte relief for bank clients facing rising charges
      439 2  -  Case silent on bank's move to charge fees to renew overdraft Reports byl Clarissa Tan BANK customers looking to the Consumers Association of Singapore (Case) to speak up I for them against rising bank H charges may face a wall of si-
      439 words
    • Article
      $1 fee can yield $90m a year
      305 2 SHOULD banks slap a $1 charge for clearing each local cheque, they could recoup an easy $90 million or so a year, based on the number of cheques cleared last year. The Association of Banks in Singapore (ABS) had recently estimated that it
      305 words
    • Article, Illustration
      Hu named finance minister of the year by Asiamoney
      429 2  -  It credits him with shielding S'pore from the Asian crisis By Louis Beckerling FINANCE Minister Richard Hu gets star billing in the latest edition of Asiamoney. as "Finance Minister of the Year". Singapore, notes the magazine in its May edition, emerged
      429 words
    • Article, Illustration
      Lock icon Newspaper job ads fall 55%
      310 2  -  EYE ON THE ECONOMY Jobs By Teh Hooi Ling THE volume of newspaper job advertisements fell for the sixth straight month in April, down a sharp 55 per cent compared to the same period last year. The slide began last November when ad volume slipped
      Source: SPH  -  310 words
    • Article
      Crisis needs 3-5 yrs to resolve: banker
      375 2  -  By Vikram Khanna ASIA'S crisis "will not be cured in a matter of months" but will require "serious attention over the next three to five years", a senior foreign banker said yesterday at a banking seminar. Addressing a closed-door session of about 40
      375 words
    • Article, Illustration
      Lock icon Toyota set for comeback in small cars
      457 2  -  One-litre Y&ris due next year with new Lexus on the cards By< Christopher Tan TOYOTA is poised to re-enter the small-car market with what could be a topseller. And in an apparent response to the growing parallel import threat, Inchcape's Borneo Motors will
      REUTERS  -  457 words
    • Article
      CIDB moves to restructure construction industry
      373 3  -  Measures include bonus for quality, basic skills tests By Abdul Hadhi THREE measures are underway including a bonus scheme for construction quality and a basic skills requirement for foreign workers to bring about a restructured and more competitive construction industry, National Development Minister Lim
      373 words
    • NEWS Roundup
      • Article
        Prudential bags quality certification
        35 3 PRUDENTIAL Assurance Company (Singapore) has been granted the Singapore Quality Class certification by the Productivity and Standards Board. It Is the first Insurer here to receive the certification, launched last year.
        35 words
      • Article
        Corrections and clarifications
        70 3 IN OUR story headlined "Wah Chang to start 2nd phase of Seychelles project" on May 7, we reported that Wah Chang will finance 55 per cent of phase two of the luxury resort project with shareholders' flxnds and the balance with bank loans. Wah Chang has clarified
        70 words
    • Article
      HSBC Securities S'pore CEO resigns
      235 3 THE chief executive officer of HSBC Securities Singapore. Christopher Chong, has resigned from the company. "He has resigned to pursue other interests. His resignation will take effect on May 16," said an HSBC Securities spokesman. HSBC Securities is the broking arm of HSBC Holdings. Mr
      235 words
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      202 2 The lion in Singapore. >o Easy access to the fixed income market for Singapore Dollar investors. DB Lion Bond Fund. The fund's yield was 6.4% p.a.* as of April 24, 1998. Singapore Dollar denominated bond fund Performance since launch (August 6, 1997 to April 17, 1998): 5.4% p.a.** Portfolio focusing
      202 words
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      14 2 t Impress your, friends with an interesting snippet. Read in Sunday Classified this weekend.
      14 words
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      88 2 —HBSn 1 WORLD WIPE staff of over 275 multi-disciplined professionals I I including lawyers, chartered accountants, chartered secretaries and I bankers have provided confidential and cost effective company formation I in all the major low tax areas including: Full professional after sales service provided. For a FREE copy of our
      88 words
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      135 3 EIiOSS 1 teaching the potential... JB£ With the right financial resources behind you MORTGAGE LOANS Nothing makes sweeter music than a sound business proposition. At equipment International Factors Leasing, we orchestrate just that. We put together FINANCING a string of financial sen/ices at very competitive rates with quick response BLOCK
      135 words
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      100 3 SINCE 1834 ABNAMRO BANK HAS STEADILY BUILT UP AN EXTENSIVE INTERNATIONAL NETWORK TODAY WE ARE ONE OF THE WORLD'S TOP 10 BANKS, GIVING CLIENTS DIRECT ACCESS TO THE WIDEST POSSIBLE RANGE OF FINANCIAL PRODUCTS AND SERVICES WE AIM TO PROVIDE THESE TO YOU LOCALLY, NO MATTER WHERE YOUR BUSINESS TAKES
      100 words
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  • MARKETS IN TURMOIL
    • Article
      Lock icon Bob Hasan hints at further fuel price increases
      291 4 Bloomberg [TOKYO] Indonesian Minister of Trade and Industry Mohamad "Bob" Hasan said the increase of basic fuel prices last week which prompted riots in some parts of the country won't be the last. Prices on petrol were raised 71 per cent and
      Bloomberg  -  291 words
    • Article, Illustration
      Lock icon Closure of 6-8 more Thai finance firms on the cards
      662 4  -  Shares held by 56 defnnct finance firms up for auction this week From Bruce Cheesman in Bangkok THAILAND is bracing for a further run on its currency and stock markets following a government decision to press ahead with a further
      AFP  -  662 words
    • Article, Illustration
      Japanese bonds rally on fears of deflationary spin
      458 4  -  From< Anthony Rowley in Tokyo JAPANESE wholesale prices suffered their biggest fall in ten years during April, reviving fears of a deflationary spiral in the economy. The result was a surge in Japanese government bond prices, and a fall in Tokyo stock
      458 words
    • Article
      US chipmaker Atmel's M'sian venture delayed
      603 4  -  Asian turmoil causes 6-month delay to wafer fab project From, Jennifer Lien in San Jose, California THE Asian currency crisis has delayed chipmaker Atmel's proposed Malaysian wafer fabrication plant by about six months, a senior company official said on Monday. "We had been planning
      603 words
    • Article
      Lock icon Another Korean chaebol faces collapse
      267 4 Bloomberg [SEOUL] Keopyung Group, a medium-sized South Korean conglomerate with interests ranging from semiconductors to women's clothing and construction, faces collapse after creditors declared three of its businesses bankrupt. The companies failed to repay 1.33 billion won (SSI .56 million) of promissory notes for a
      Bloomberg  -  267 words
    • Article
      Asia-Pac structured issues to hit US$25b
      382 4  -  Moody's survey says the robust growth will be led by Japan From Quak Hiang Whai in Hongkong DESPITE the financial crisis in the region, structured finance issues in the Asia-Pa-cific are expected to surge to over US$25 billion (5540.7 billion) this year, almost twice
      382 words
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      230 4 Can Your Business Survive Tomorrow Without Electronic Commerce? Master latest E*commerce tools strategies today with E*commerce 101 A ONE-DAY EXECUTIVE EDUCATION COURSE May 22,1998 The Pan Pacific Hotel, Singapore Subsequent dates on July 17 and Sep 18 Discover how leading organizations and enterprising SMEs use E»commerce to reduce costs, increase
      230 words
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  • FOCUS: MONEY MATTERS
    • Article, Illustration
      Lock icon Going gets tough for Asia
      1071 5  -  Interest rates soar, stocks dive, holders of regional currencies head for exit By Larry Wee IT'S been another traumatic week for financial markets in the region. They had to cope with a confluence of factors: skyrocketing Asean interest rates; fears of widening social unrest in
      Compiled by BT; Source: Deutsche Morgan Grenfell  -  1,071 words
    • Article
      Expect a strong euro on debut
      495 5  -  Synthetic euro in grey market has been rising against US$ and yen By\ Neil Behrmann The writer is BT's London correspondent [LONDON] The euro looks set to take its place among the key currencies of the world when it debuts in January, judging by
      495 words
    • Article
      Lock icon ANALYSIS
      398 5 The Economist Why weaker currencies don't spell export boom EVEN those who know that Asian economic recovery will be slow and painful are disturbed by the persistence of one particular symptom: poor export performance. After all, the countries worst affected have seen their currencies fall by between 35 per
      The Economist  -  398 words
    • Article
      Lock icon THE WEEK AHEAD
      352 5  -  Compiled by Larry Wee Sources: ABN-Amro (ABN), Deutsche Morgan Grenfell (DMG), Independent Economic Analysis Holdings (IDEA) and MMS International United States Today: Core April producer prices are expected to be tame, after March's flat number. Estimates vary from minus-0.1 per cent (IDEA) to 0.1 per cent (DMG)
      Sources: ABN-Amro (ABN),; Deutsche Morgan Grenfell (DMG),; Independent Economic Analysis Holdings (IDEA); and MMS International  -  352 words
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      79 5 T—jßaMdl TangUn Mall, way third Saturday of thamonlh. spm 11pm M Iff W I k J-nimt**&m j^F* I |r H 1 k j Sl It's a new beginning. And we'd like to say: Congratulations! ÜBS is proud to be the Financial Advisor to the Star Hub Consortium OtS£ t mk
      79 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Philippine markets cautious as votes are tallied
      703 6  -  Stocks up 0.2% on thin volume; counters of Estrada backers gain From, Al Labita in Manila PHILIPPINE stocks and the peso posted only minor gains yesterday, reflecting caution among investors as the votes in Monday's presidential poll are tallied. The benchmark 30-share Phisix
      AFP  -  703 words
    • Article
      Lock icon Rain brings Indon fires under control: minister
      325 6 JAKARTA 30-45 hotspots in E Kalimantan now, says Snd&rsono Reuters BUSH fires in East Kalimantan on Indonesia's side of Borneo island are under control thanks to recent rains, Environment Minister Juwono Sudarsono said yesterday. "The situation is under control, mainly because of the
      Reuters  -  325 words
    • Article
      Lock icon No foreign equity in M'sian TV
      113 6 KUALA LUMPUR Reuters THE Malaysian government wiU not allow foreign companies to hold equity stakes in local terrestrial television stations, Information Minister Mohamed Rahmat said. "Let me reiterate that the country's television stations are for local equity participation only," Bernama quoted him as saying
      Reuters  -  113 words
    • Article
      Lock icon Foreign media bent on harming M'sia: minister
      231 6 KUALA LUMPUR Reuters FOREIGN journalists are bent on undermining Malaysia's economy and interfering in the nation's internal affairs, a cabinet minister said yesterday. Information Minister Mohamed Rahmat's remarks represented the government's latest attack on the foreign media and came a day after another
      Reuters  -  231 words
    • Article, Illustration
      Different paths to a change at the top
      713 7  -  ASIA* VIEW In Philippines it's the constitution and in Indonesia it's the people on the street By Yang Razali Kassim THE ISSUE is the same how long should a president serve. But one can't help noticing the contrasting situations in the Philippines
      713 words
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      626 6 I MSc IN COMPUTING ll Entry Requirements: A degree from any discipline. Previous computing experience is not necessary. (Induction course for non-IT professionals). 9 For non-degree holders, eligibility based on relevant working j^H experience in IT industry. pll FACTS ABOUT THE COURSE AND DE MONTFORT UNIVERSITY Internationally and nationally regarded
      626 words
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      83 6 Solomon IV i found! Solutions for the Changing Needs of Business Free Seminar on 20 May 1998 at Suntec City To register, call DiAL at 1800 299 1111 Visit us at http://www.solomon.com.sg Solomon IV is one of the world s leading Windows-based and SQL-based accounting software. To know more about
      83 words
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      413 7 V NORTH COAST OF MEW IOVTB WALES J I J I I y v I (?D3@G§ BQJIDGi j,.i f?9iDMt39fr?/ivn vryi/?ti j•} I IYlTMl(gV?grftoj>n I 2 Homes Log Cabin, Shed, Yards, Horse Stables I I 3 kms Crystal Clear Water Frontage I I auds 1.5 million I I (Guaranteed 8 return
      413 words
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      288 8 UJhateuer fires your imagination... M H.l f i l 00! a I 1 «gs* .jKraWOQ^^K^^Kf> ■fli *v jVr v ,-m; I.* f VP .#•>. s>7 J Pp^ J I v wnl nut! i[€l|Mg|k. TV M-r 3i^'J.l.' uie can cool it. J mmhhhhhmmmw CITY (IIULTI H 11| j VARIABLE REFRIGERANT FLOW
      288 words
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      314 9 Now, you can pouier your imayination for the new millenium. Announcing the CITYmULTI refrigerant flow TECHNOLOGY 50% back-up activated by remote control No additional equipment Feuier compressors Less pipework Less space Smallest fan coil unit connectable 2.3k11J I If you're brimming with new ideas for the next millenium, connect them
      314 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon China opens up tourism industry
      140 10 SHANGHAI AFP CHINA is opening its tourism industry to foreign participation. allowing overseas tour agents to set up joint ventures on a limited basis, a Shanghai official said yesterday. "The state tourism bureau has approved in principle the setting up of one Sino-foreign joint venture
      AFP  -  140 words
    • Article
      Lock icon Major HK companies face collapse: Morgan Stanley
      428 10 HONGKONG Local banks fail to fill lending gap as foreign banks withdraw credit SCMP LEADING Hongkong companies are facing collapse, as foreign banks withdraw credit and local banks fail to fill the lending gap, investment bank Morgan Stanley says. In a report, it
      SCMP  -  428 words
    • Article
      Lock icon China's crackdown sends CD pirates to HK
      286 10 HONGKONG But US expert says HK has tough laws to stamp oat piracy Reuters CHINA'S success in fighting copyright theft has driven bootleg compact disc makers south into Hongkong, a US legal expert said yesterday. But Thomas Moga. a copyright and trademark expert,
      Reuters  -  286 words
    • Article
      Lock icon China on track for 8% growth: central bank chief
      493 10 BEIJING Bank will boost money supply to stimulate economy Reuters, Bridge News CHINA can reach its 8 per cent economic growth target this year despite the regional financial crisis, central bank governor Dai Xianglong was quoted as saying yesterday. "Judging from
      Reuters,; Bridge News  -  493 words
    • Article, Illustration
      Lock icon Chemical fair in Beijing
      55 10 [BEIJING] Visitors to a chemical industry fair here yesterday looking at a British-made chemical-mixing apparatus on display. The exhibition, called "Achemasia 96", features more than 400 exhibits related to the chemical industry. China's chemical sector has attracted more than US$9OO billion (SSI.S trillion) in direct investment
      REUTERS  -  55 words
    • Article
      Lock icon KMT arm still in talks over PNB joint venture
      180 10 M TAIPEI AFP AN INVESTMENT arm of Taiwan's ruling Kuomintang (KMT) said yesterday that it is still in talks with a Malaysian company over a proposed joint venture. Kwang Hwa Investment Holding Co president Gilbert Ma said no agreement has been
      AFP  -  180 words
    • Article
      Lock icon Macau finds firebomb factory
      113 10 MACAU AFP MACAU authorities have uncovered a fire-bomb factory and arrested 11 people including two girls in connection with a wave of arson attacks, police said yesterday. The fire-bomb manufacturing operation was uncovered during a raid on a flat in a housing estate on Monday. Police
      AFP  -  113 words
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      416 10 rJVlystical I r/Myanmar 1 Es6BB j r n Sedona Hotels j The Regional Wing of j* V Singapore Airlines Yi jo d H i d i h j Price includes: Return airfare, 3 nights accommodation at Sedona Hotel Yangon, daily ■k breakfast, return airport transfers, daily shuttle service to 8c
      416 words
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      41 10 Sxohtd (Suhzuoi <£fiailt i Jin aif.sl6' per bowl (M gat) V Set Lunch from $38* (for 4 persons) y 'Subject to service charge govt tax including 3% GST. {Rhf>/ty{Rt*tjauiHint 1 UI'JJ f" Lion City Hotel 15 Tanjong Katong Rd I ®:*****17
      41 words
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  • ASIA
    • Article, Illustration
      Lock icon Aussie budget sees 3% growth, wider current account deficit
      702 11  -  Asian crisis blamed; but forecast As2.7b budget surplus higher than expected From Russell Baker in Sydney FEDERAL Treasurer Peter Costello has predicted that Australia's economic growth rate will be sliced to 3 per cent in 1998/99 and its current account deficit
      AFP  -  702 words
    • Article
      Lock icon Get ready for polls: Howard
      117 11 CANBERRA AFX-Asia PRIME Minister John Howard told his colleagues during a meeting yesterday to prepare for possible early elections. "This is the commencement of what could be the last session of this parliament," a spokesman quoted Mr Howard as telling a coalition party room meeting.
      AFX-Asia  -  117 words
    • Article
      Lock icon High costs turn off Indian cell phone users
      252 11 NEW DELHI Operators seek govt concessions including freeze on licence fees AFP HIGH service costs have made Indians switch off their cellular phones, and private firms are demanding government concessions. The Cellular Operators Association of India has demanded radical steps, including a
      AFP  -  252 words
    • Article
      US to impose sanctions on India over nuclear tests
      494 11  -  Bombay market falls 1.9% on concerns over investments From Rajendra Bajpai in New Delhi INDIA faces the prospect of economic sanctions, among other punitive measures, imposed by key trading partners and aid donors for conducting three nuclear explosions on Monday afternoon.
      494 words
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      53 11 f S. Younever PATEK PHILIPPE GENEVE actually own a Patek Philippe. You merely look after it for the next generation. The new men's Neptune. Self winding, hand crafted in iS carat solid gold. Begin your own tradition. Men's Neptune ref 5081/1 For information Geneva Master Time, Tel (65) 732 1506
      53 words
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  • THE WORLD
    • Article
      Lock icon US M2 growing faster than Fed forecast
      379 12 WASHINGTON Money supply up 5% a year since end of 1995; this is unlikely to affect Fed policy Bloomberg THE US money supply is growing faster than the Federal Reserve's forecast, and while that's raising alarms with some at the central bank, there's
      Bloomberg  -  379 words
    • Article
      Lock icon EU probes French state aid to Credit Agricole bank
      253 12 BRUSSELS AFP THE European Commission, the executive body of the European Union, yesterday began investigating complaints that France poured state aid into the Credit Agricole bank in breach of EU competition regulations. The Commission will study complaints made by the French
      AFP  -  253 words
    • Article
      Lock icon German GDP growth put at 2.6% this year
      441 13 BONN Six research groups lower their estimate slightly on impact of the Asian crisis Bloomberg THE German economy will grow by 2.6 per cent in 1998 and 2.7 per cent next year, faster than in 1997, yet slightly slower than forecast six
      Bloomberg  -  441 words
    • Article, Illustration
      Lock icon US reviews sanctions on firms with Iran link
      308 13 WASHINGTON But it denies report firms to be granted waiver at 6-8 meet Bloomberg THE US is getting closer to deciding whether to abandon its policy of threatening with economic sanctions French oil company Total SA and other European companies that invest
      Bloomberg  -  308 words
    • Article
      Lock icon Economists urge greater role for central banks
      297 13 PARIS AFP ECONOMISTS here yesterday called for greater involvement of central banks in policing financial markets to help avoid future Asia-style financial crises. They also stressed that unlike previous crises which tended to be blamed on poor government policy, the Asian crisis was
      AFP  -  297 words
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      232 12 StfcZZ I ill li i| I Jj Portfolio Management System for Banks, Asset Managers, and Insurance Companies that Book Transaction, Evaluate Portfolio, Does Top-down Analysis, Charting, AssetAllocation, Customize Reporting and many more... For more information, Call CSK (Cindy) at 536-5525 1 Fax to CSK (Cindy): 536-5585 > I Please send
      232 words
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      683 12 Corporation I Keppel Corporation Limited I (Incorporated in the Republic of Singapore) H Notice of Annual General Meeting I NOTICE IS HEREBY GIVEN that the 30th Annual General Meeting of the ordinary shareholders of the Company H will be held at the Board Room of Keppel Corporation Limited at 325
      683 words
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      140 13 n R G S 0 r t Thai s Also fl Home Imagine being able to, quite literally, stroll down to the beach at the end of your working day. You can at Mandarin Gardens, Singapore's only full service apartments by the sea. Apartments range from one bedroom to penthouse
      140 words
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      511 13 Hair Problem Detection Mfeek During this Hair Problem Detection Week, our trichologists* at SVENSON will take a few hairs from the problem areas of your scalp and send them to be professionally analysed at advanced laboratories in England. You can then find out more about your hair or scalp problems
      511 words
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      111 14 S||l)jlfjl|M ■rvnnnrn 20,000 tests in 3,030 locations islandwide by an independent and international group provide conclusive and irrefutable proof that Sing Tel Mobile gives you the best coverage. Alsotufoty Co<H>M>df The comprehensive tests conducted in March 1998 by MSI Software Engineering Pte Ltd -an £< independent and internationally recognised expert
      111 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Clinton loses Round 1 of battle with Bibi
      745 15  -  THB BOTTOM LIME OPINION By Leon Hadar The writer is BT's Washington correspondent THE latest American exercise in diplomatic brinkmanship to force Israel to accept a US proposal to revive Israeli-Pal-estinian negotiations ended over the weekend and it seems President Clinton has
      745 words
    • Article
      IN OTHER WORDS
      162 15 This sounds like Chicken Little to me.' -Sam Hayes a Harvard University finance professor, refering to the allegory of the rooster who warns that the sky is falling, on a report that claims financial companies will incur the same sort of computer headaches when the Dow Jones
      162 words
    • Article
      Trading futures in Singapore
      549 15 EDITORIAL THE Singapore International Monetary Exchange (Simex) has boldly announced that, in addition to the many products it now trades, it will begin trading futures contracts based not only on its own sharemarket, but on die Thai and Malaysian markets as well In August, assuming all
      549 words
    • Article, Illustration
      Lock icon Next task for WTO: removing all tariffs
      880 15  -  EU wants trade body to move from sectoral negotiations to a multilateral drive for free trade Byl Shada Islam The writer is a Brussels-based journalist who contributes to BT MOST of the World Trade Organisation's 131 members will be sending their ministers to
      FILE PHOTO  -  880 words
    • Article
      Now is the time to allow share buybacks
      198 15  -  MAILBOX Denis Distant Singapore via Internet AT listed company annual general meetings, it is usual to have shareholders ask the directors whether it is their intention to have the company buy back its shares from the market where it is obvious the
      198 words
    • Article
      WHAT THE OTHERS SAY
      633 15 VYPD: a law onto itself? THE weakness of the New York City Police Department's (NYPD) internal system for investigating and punishing misconduct by police officers is an established fact. Apparently the department's difficulties are not limited to cases of brutality against citizens. The saga of John
      633 words
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  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      41 15 DOOHESBURY By Garry Trudeau M7 OFTEN STAY UPAU, M?M[WP.^1MI'I^S N NIGHT READING UNBR NOTES T MVOU \1 AJRALS6XT I \M I ANP5TARlH6AT0URHNGe*5 STUFF. WO, BUT s J GUfS HAVS UH.-SUR5-ANP&P£X/MemiNe«jrTH /T5 NOT SUITABLE /xll AUMLSeX TmUJAUS\ AL7B ATIV5UFeSTYLBS HxneeA&CF j \^ktm»?J
      41 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      A music festival without borders
      826 16  -  Peter Gabriel's world music festival, with artists from nations as diverse as Tibet and Madagascar, makes its Asean debut in Singapore. i>&wrbnce toko reports LAWRENCE YOUNG THE world music organisation founded by rock icon Peter Gabriel is defying South-east Asia's economic crisis in its latest
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    • Article, Illustration
      Lock icon A fashionable stock market indicator
      555 16 FASHION Bloomberg [NEW YORK] Fashion's autumn collections point to an autumn correction in stocks. According to the "hemline indicator", one of the sexier market indicators, when hemlines go up, stocks go up, and when skirts get closer to the ground, stocks go down. Judging by
      Bloomberg  -  555 words
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      495 16 ft Yu Manufacturing Limited UmLJ (Incorporated in the Republic of Singapore) Notice of Annual Gonoral Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Function Room, Raffles Marina Ltd, 10 Tuas West Drive, Singapore *****4 on Friday, 29 May 1998 at
      495 words
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      Page 16 Advertisements Column 2
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      298 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
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      Page 17 Advertisements Column 2
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  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      765 17 TVVRADIO Heaven. SJO Touring Latin America muuuno u uo Real Adventures of (Last ep). 130 PM TV Innovations. Jonny Quest. SJS Maison Ikkoku. 4.00 Kidz Blitz: Classic e.OO News 5 Today followed 640 See Thursday's Sched- M Speed Racer. by Wheel of Fortune. ules. L 7 4-30 Hot Rod Dugs
      765 words
    • Miscellaneous
      Page 17 Miscellaneous Column 2
      205 17 CRYPTIC CROSSWORD 10 Boil has to be treated to put an 17 A paper's emblem is indica- jflf |Hi 19 Recover personal-property Up9po |21 j 24 Eager to acquire knowledge DOWN clearly haunted! (53,6) YESTEBDAYTS SOLUTION i t rm tUa 15 He gives the same number to ■KInIrIcKHI 1 Lucky
      205 words
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  • WIRED FOR BUSINESS
    • Article, Illustration
      Lock icon Saving time and money
      804 18  -  A look at how the local book industry is benefitting from e-commerce system Book Net toh ham sbxh reports TOH HAN SHIH WHILE selling to consumers over the Internet remains a hit-and-miss affair for many, the benefits of using the Internet for business-to-business commerce have been
      Source: ICommerce  -  804 words
    • Article, Illustration
      Lock icon AOL betting big on Internet TV
      587 18 Bloomberg [DULLES, Virginia] America Online Inc has seen the future and it's televisions and telephones connecting to the Internet through commonplace technology, rather than personal computers. As rivals such as Yahoo! Inc and Lycos Inc challenge it on the Internet, AOL is taking the
      Bloomberg; FILE PHOTO  -  587 words
    • BOOK marks
      • Article, Illustration
        Official stats go on the Net
        81 18 SINGAPORE'S official statistics can now be accessed by businessmen, researchers and investors around the world, thanks to a new Web site launched by the Singapore Department of Statistics. Known as Data Shop, the site allows users to buy and download statistical reports and data
        81 words
      • Article
        Say Alta Vista in any language
        57 18 DIGITAL Equipment Corp says its recently-launched AltaVista World Index is the first to allow searches of Chinese, Japanese and Korean-language Web pages in a single search tool (http://altavista.digitaLcom/ av/oneweb). This is made possible by the way the Index is able to store character information
        57 words
      • Article
        Amazon.com gets bigger
        71 18 WGB-based bookstore Amazon.com (http://www.amazon.com) is expanding into Europe after acquiring two online booksellers in the UK and Germany. The purchase of UK's Bookpages and Germany's Telebook will help to lower shipping costs for its European customers. Amazon has also moved into video sales after buying the highly
        71 words
      • Article
        Yahoo! It's now in Chinese
        89 18 YAHOO, the most popular Internet search engine, has rolled out its 13th international site, Yahoo Chinese. Its international network of sites include countries in Asia, North America, Europe and Australia. It hopes Yahoo Chinese would be the preferred Internet guide for the world's Chinese speakers.
        89 words
      • Article
        It pays well to work on the Web
        73 18 THOSE working in Internet-related jobs tend to get higher salaries according to a recent survey. The first annual Internet compensation survey by the American Electronics Association (AEA) found that salaries for Internet and Web-related jobs range from U5539,500 (8163,872) to US$l2O,lOO a
        73 words
      • Article
        Netscape gets Excite-d
        94 18  -  Compiled by Francis Ang NETSCAPE Communications has picked Excite (http://www.excite.com) as its new partner for its Ne&cape-branded search engine. The search engine, powered by Excite, will be launched by the end of next month. Both companies also will collaborate on co-branded channels, and will focus on recirculating
        94 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      143 18 w e-business what's it all about? E-business is what happens when means ena^'n 8 y° ur core >us n, ss P rocess to reduce cycle you eonneet your eritieal business and get more results from systems direetly to your customers, and has helped ■■yH M sBfIF9MHHIHH thousands of companies deliver
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      Page 18 Advertisements Column 2
      7 18 brought to you by ===r=E 7 E=
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  • COMPANIES & MARKETS
    • Article
      Lock icon AMMB shares soar on report of stake talks with GIC
      397 19 Banking group declines to comment on report of negotiations Bloomberg [KUALA LUMPUR] Malaysia's AMMB Holdings Bhd surged 5.1 per cent, its biggest percentage gain in nearly two months, after a report said the Government of Singapore Investment Corp plans to
      Bloomberg  -  397 words
    • Article, Illustration
      Maybank chief denies report of RM3 billion forex loss
      374 19  -  Beraama report quoting IMG Barings unfounded, he says By Meera Tharmaratnam in Kuala Lumpur MALAYAN Banking chief Amirsham Aziz yesterday denied a report that the bank had incurred a 3 billion Malaysian ringgit (551.27 billion) foreign exchange loss after some clients
      374 words
    • Article
      Kloffe wants preliminary talks with Simex
      197 19 [KUALA LUMPUR] The Kuala Lumpur Options and Financial Futures Exchange (Kloffe) hopes to have preliminary talks with the Singapore International Monetary Exchange (Simex) and Hong Kong Futures Exchange to reconsider their intention to introduce the Kuala Lumpur Stock Exchange-based equity index contracts. KlofTe's chief
      197 words
    • Article
      HK must reject idea of deposit insurance scheme once again
      726 19  -  HOCK LOCK SIEW Loh Hui Yin MOW that the Hongkong government is taking belated steps to protect small investors, it will next turn its attention to another group who could also be vulnerable in these volatile times small bank depositors.
      726 words
    • Article, Illustration
      Lock icon S'pore share market hit by early rupiah jitters
      327 19  -  Continned concerns also over property sector and banks' Indon exposure tty R Sivanithy [SINGAPORE] The volatile Indonesian situation and weak domestic fundamentals yesterday spelt a sixth consecutive loss for the Straits Times Industrials Index when it dropped 20.7 points to 1,400.05. The
      Source: Bloomberg  -  327 words
    • Article
      Roly Int'l ties up with Canadian firm
      226 19  -  By Abdul Hadhi [SINGAPORE) Home decor and children's products distributor Roly International has tied up with a listed Canadian company to offer corporate incentive and customer loyalty programmes in the Asia-Pacific region. The company said yesterday that it would be investing up to
      226 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article
        Lock icon KLSE replaces 7 stocks in composite index
        309 20 Aok&m, Promet, RHB, Rekapacific among stocks to be removed from July 1 Bloomberg Reuters, [KUALA LUMPUR] The Kuala Lumpur Stock Exchange (KLSE) said yesterday that it replaced seven stocks in its blue-chip market index following a regular review. In a statement, the KLSE
        Bloomberg; Reuters,  -  309 words
      • Article
        Lock icon TA chief denies probe over Omega
        242 20 Bridge News [KUALA LUMPUR] A prominent Malaysian stockbroker Tony Tiah yesterday denied rampant market rumours that he was being investigated by the authorities for an alleged role in the collapse of Omega Securities. "The rumour is vicious. I have nothing to do with Omega
        Bridge News  -  242 words
      • Article
        Perwira Affin's NPLs rise to 7% in Q1
        412 20  -  Bank aims to keep NPLs at single-digit figure for 1998 By, Meera Tharmaratnam in Kuala Lumpur PERWIRA Affin Bank's nonperforming loan (NPL) ratio has risen since its books were closed for the year ended Dec 31, 1997, but the bank is optimistic
        412 words
      • Article, Illustration
        Lock icon M'sian brewers under pressure as costs rise
        750 20 AFX-Asia [KUALA LUMPUR) Price hikes forced on Carlsberg Bhd and Guinness Anchor Bhd as a result of higher packaging and raw material costs are likely to hit demand for beer, already slowing amid the economic slump, analysts said. The brewers face a tough
        AFX-Asia  -  750 words
      • COMPANY Briefs
        • Article
          Inchcape Motors director resigns
          38 20 {SINGAPORE] Inchcape Motors announced that Michael John Evans resigned from its board of directors with effect from yesterday. Mr Evans, who joined the Inchcape board on Jan 2,1996, is also leaving the Inchcape group.
          38 words
        • Article
          SML names new director
          38 20 [SINGAPORE] Sembawang Marine and Logistics, a unit of diversified Sembawang Corp, has appointed Regional Container Lines vice-president Chan Tuck Hoi as a director and as an independent Audit Committee member with effect from yesterday.
          38 words
        • Article
          Lock icon Repco says KFC, Ayamas deal still on
          79 20 Bernama [KUALA LUMPURI Repco Holdings said its proposed corporate exercise involving KFC Holdings (Malaysia) Bhd and Ayamas Food Corporation is still going ahead. The company, in refuting press reports that talks on the proposal were suspended, said, however, that negotiations between the parties
          Bernama  -  79 words
        • Article
          Lock icon Aokam unaware of any takeover offers
          60 20 AFX-Asia [KUALA LUMPUR] Aokam Perdana Bhd said in a statement to the Kuala Lumpur Stock Exchange yesterday that it is unaware of any offers to outside parties for control of the company. "(We) are not aware and have no knowledge of any offer for
          AFX-Asia  -  60 words
    • REGIONAL COMPANIES
      • Article
        Lock icon HK Tel to underperform in next 18 months: CSFB
        465 21 Shares' current high valuations, domestic market liberalisation cited Reuters [HONGKONG] Credit Suisse First Boston expects Hongkong Telecom to underperform over the next 18 months with the full impact of domestic market liberalisation unknown and the stock price currently trading at high
        Reuters  -  465 words
      • Article
        Lock icon Intensive probe into Peregrine
        127 21 Bloomberg [HONGKONG] Hongkong regulators confirmed for the first time they are conducting an "intensive" preliminary probe into the January collapse of Peregrine Investments Holdings Ltd, the South China Morning Post reported, citing Rebecca Lai Ko Wing-yee, deputy secretary for financial services. Ms Lai said the probe
        Bloomberg  -  127 words
      • Article, Illustration
        Lock icon Heavyweight hardware
        58 21 [TAIPEI] Administrative Vice-Minister Yin Chiming of Taiwan's Economic Ministry on Monday trying to lift one of 80 advanced Pentium lldevelopment systems donated by Intel chairman Andrew S Grove (right). Mr Grove is in Taipei for four days for the company's annual Asian Pacific Technology Forum and is also
        REUTERS  -  58 words
      • Article
        Lock icon HK to review licensing of financial institutions
        118 21 AFX-Asia [HONGKONG] The Securities and Futures Commission plans to review the licensing system for financial institutions in the second half of the year to better protect investor interests in a changing environment, an SFC official said. "We will be looking particularly at defects
        AFX-Asia  -  118 words
      • Article
        Lock icon Toshiba to split its Shibaura Engg unit
        424 21 Revamps at other group affiliates being considered Bloomberg [TOKYO] Toshiba Corp said yesterday it will reorganise its group by splitting the operations of unit Shibaura Engineering Works Co into a joint venture with Nidec Corp and merging the rest with fully-owned Toshiba Mechatronics
        Bloomberg  -  424 words
      • Article
        Lock icon Hitachi denies report of revamp
        87 21 Reuters [TOKYO] Hitachi Ltd yesterday denied a newspaper report that it had decided to introduce a corporate structure under which its business divisions would operate autonomously by 2000. "We just introduced in 1997 a new business group structure aimed at boosting the independence of various
        Reuters  -  87 words
      • Article
        Lock icon Texas Instruments faces Hyundai suit over chip patents
        270 21 Reuters. AFXAsia [WILMINGTON, Delaware) Texas Instruments has been sued by Hyundai Electronics Industries Co Ltd for what the Korea-based company calls infringing in the US of five Hyundai patents for microchip systems. In papers filed in the US District Court in Delaware,
        Reuters.; AFXAsia  -  270 words
      • Article
        Lock icon National Mutual calls off merger
        427 21 It cannot agree with Lend Lease on control of new firm Bloomberg [MELBOURNE) National Mutual Holdings Ltd and Lend Lease Corp have abandoned plans to merge their life insurance and funds management businesses, which would have created one of Australia's two largest money managers. The
        Bloomberg  -  427 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Deutsche Telekom allots 4.5b marks for cable TV
        348 23 Share price drops after regulator rejects attempt to raise cable fees Bloomberg [FRANKFURT] Deutsche Telekom AG, the German phone company majority owned by the government, said it would set aside as much as 4.5 billion marks (Ss4.l billion) in profit this year
        Bloomberg  -  348 words
      • Article, Illustration
        Lock icon DuPont to sell off Conoco oil unit
        557 23 Initial sale of 20% stake could fetch USssb Bloomberg [WILMINGTON, Delaware] DuPont Co, the biggest US chemical company, said it plans to shed its Conoco Inc oil unit and start the process by selling a 20 per cent stake. DuPont said it will
        Bloomberg  -  557 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Double ATM fees an absurd practice
        620 24  -  COMMENTARY Zs not move a thinly-veiled bid by big banks to steal customers? By Alfonse D'Aniato The writer is chairman of the US Senate Banking Committee. This article was co-authored by Jon Golinger, a consumer advocate LAT-WP THIRTY years ago, when automated teller machines
        LAT-WP  -  620 words
      • Article
        Lock icon More US hanks funding risky loans: survey
        440 24 FDIC also reports easing of standards in real estate, construction lending Bloomberg [WASHINGTON] US banks increasingly are making risky loans for commercial real estate and construction projects, the Federal Deposit Insurance Corp warned. Of the 387 banks actively making construction loans, 31 per
        Bloomberg  -  440 words
      • Article
        Amex Bank to distribute two Rothschild funds
        111 24 [SINGAPORE] American Express Bank (AEB) has joined the Rothschild distribution network. In a statement yesterday, AEB said its consumer banking arm, Personal Financial Services, would begin distributing the Five Arrows Worldwide Enterprise Trust and the Five Arrows Asian Enterprise Trust, both in the
        111 words
      • Article, Illustration
        Lock icon The first taste of euro
        51 24 [PESSAC, France] French Economy Minister Dominique Strauss-Kahn testing with his teeth the first euro coin on Monday at France's official mint in the south-west town of Pessac, near Bordeaux. France is thefirst of the 11 nations participating in the single currency to produce the money.
        AFP  -  51 words
      • Article
        Lock icon Three Nikko-related brokers to merge
        258 24 Bloomberg [TOKYO] Three small Japanese brokerages affiliated with Nikko Securities Co will merge to create a new company to boost competitiveness as the nation liberalises its financial markets. Kaisei Securities Co, Nippon Securities Co and Yamaka Securities Co aim to join forces on Oct 1,
        Bloomberg  -  258 words
      • Article
        Lock icon Indon LNG project delayed: Phillips
        143 24 Reuters [BARTLESVILLE, Oklahoma] Phillips Petroleum Co said on Monday production of liquified natural gas at the Bayu-Undan gas field in the Timor Sea off Indonesia has been delayed by a weak market and disagreements with its major partner, Australia's Broken Hill Pty (BHP). Phillips president
        Reuters  -  143 words
      • Article
        Lock icon Euroyen marks time while JGBs rally
        210 24 SIMEXReport Reuters [SINGAPOREI Simex Euroyen futures failed to make much headway yesterday as Japanese government bond (JGB) futures rallied on yet more signs Japan's economy was in a deflationary phase. The yield on the benchmark 182 nd JGB fell below 1.30 per cent after
        Reuters  -  210 words
      • Article
        Futures fail to hang on to gains
        183 24  -  MSCI TAIWAN FUTURES Cecilia Loh Cecilia boh, service dealer, Refco Singapore [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract fell 7.50 points after failing to sustain its gains on Monday. Equity sales by Chang Hwa Commercial Bank at 22 per cent below
        183 words
      • Article
        Lock icon Brent makes more gains in London
        268 24 ENERGY REPORT Reuters [LONDON] IPE Brent staged further gains yesterday with the June/July spread trade continuing to dominate activity, brokers said. At 1442 GMT, June Brent stood at US$l5.OO, up 16 cents with July up 15 cents at U5514.84. Brokers said support was coming
        Reuters  -  268 words
      • Article
        Lock icon CURRENCY REPORT
        270 24 Reuters, AFP London THE dollar firmed slightly, lifted by a fresh round of yen selling after a report foretold ongoing Japanese economic gloom, analysts said. The Japanese Economic Planning Agency said the economy was stagnant and conditions were becoming more severe. Pessimism was further fanned after a report
        Reuters,; AFP  -  270 words
      • Article, Illustration
        Untitled
        1246 24 DtTERBAMK CROSS RATES May 12 AS CS tot ECU Ftr Pa Mh to»H> Ytn Won »M MZSNfcts Peso SS land Sir 8ITj Bafct N—d US> Australia 0.910 6.171 0.573 1782 1121 4.926 ***** 58.639 0.847 8.826 2.422 1.*****.070 24.266 1036 3221 0.944 21.184 24.482 0289 0.636 Canada 1.099 5.799 0.629
        1,246 words
    • Article
      COMMODITY PRICES
      1803 25 S1C0M FUTURES May 12 RU86CR (Mam closing at 5.J0pw) RSS1 COWTRACT(S cwtsAg) Ctow Volume OpM Month HW Low Sett (towws) Interest Jun 96 125.00 123.00 123.50 1775 925 Jttl 96 123.00 400 1915 AM 96 123.50 100 2615 Sep 99 125.25 200 1615 Oct/Doc 98 129.25 4650 Jut/Mar
      1,803 words
    • Article
      WORLD STOCK MARKETS
      2250 25 LONDON IflAistrlfls worn >«ic» *h 31 Croup 600.000 12.000 AB Ports 375.000 -2.000 Abbey National 1100.000 -15.000 Allied Oomtcg 622.000 -6.000 Amec 182.000 -2.000 Asda Croup 169.400 -4.000 BAT ind 592.000 -5.000 BC Pic 327.400 -0.800 BICC 173.000 -2.000 BOC Croup 968.000 -3.000 BR Petroleum 954.400 1.400
      2,250 words
    • Article
      Lock icon TOKYO
      1631 25 Bloomberg Q Nikkei 225 -M.42 JAPANESE stocks were mixed, as carmakers rose on reports Nissan Motor Co is moving towards a partnership with Daimler-Benz AG. Steelmakers fell after the government said economic conditions worsened for a second month. "Nissan's negotiations with Daimler Benz have got the market excited that
      Bloomberg  -  1,631 words
    • Article, Illustration
      Lock icon HONGKONG
      1560 26 Reuters CI Hani Seng -254^6 STOCKS closed sharply down yesterday, battered by a fall in index futures and fears of a Wall Street retreat later in the day, brokers said. The blue chip Hang Seng Index dropped 254.86 points, or 2.52 per cent, to finish at 9,841.51. It fell
      Reuters  -  1,560 words
    • Article, Illustration
      Lock icon CHINA
      622 26 Reuters HShenzhenßlndex +OJ3 CHINA'S hard currency B shares closed mixed yesterday with Shanghai hit by gloom over the economy and Shenzhen lifted by hopes of government measures to boost the market. Shanghai's B Share Index fell 0.671 point, or 1.37 per cent, to 48.29 as investors dumped property developer
      Reuters  -  622 words
    • Article
      Lock icon TAIPEI
      375 26 AFP □wp Index -100.46 STOCKS dropped 1.2 per cent yesterday as investors took profits from the previous session's sharp gains, dealers said. The Weighted Price Index fell 100.45 points to 8,278.43, following a 2 per cent rise on Monday. "It was normal to see prof-it-taking set in as the
      AFP  -  375 words
    • Article, Illustration
      Lock icon JAKARTA
      753 26 AFP n Composite Index -4J3 SHARES closed one per cent lower yesterday in lacklustre trading following inconclusive weekend talks on rescheduling more than US$67 billion (*****.5 billion) in private foreign debt, dealers said. The Composite Index closed down 4.13 points lower at 430.53. Turnover totalled 263.1 million shares valued
      AFP  -  753 words
    • Article, Illustration
      Lock icon BANGKOK
      808 26 AFP CI SET Index -4.77 THAI share prices fell 1.2 per cent yesterday after the finance sector took a beating amid rumours of further failures, analysts said. "The main reason for the fall was a drop in the finance sector which was down 8.6 per cent and accounted for
      AFP  -  808 words
    • Article
      Lock icon MANILA
      328 26 AFP PI Manila +4Ji6 PHILIPPINE share prices rose 0.2 per cent yesterday, recovering from an early fall after presidential elections which polls say favour VicePresident Joseph Estrada. The Philippine Stock Exchange Composite Index gained 4.56 points to close at 2,214.52. Turnover fell to 474.52 million shares worth 1.2 billion
      AFP  -  328 words
    • Article
      Lock icon SEOUL
      415 26 AFP P Composite Index -9.72 SOUTH Korean share prices fell to a 10-year-low yesterday before ending 2.7 per cent lower on growing concerns over the impact of govern-ment-led corporate restructuring, dealers said. The key Composite Index at one stage dropped 12.97 points at 348.61, the first time it fell
      AFP  -  415 words
    • Article
      Lock icon SYDNEY
      594 26 AFP □AUOrdmirieg -10.7 AUSTRALIAN shares fell 0.4 per cent yesterday amid concern over US interest rates, brokers said here. The All Ordinaries Index closed down 10.7 points at 2,786.9 after trading between 2,797.6 and 2,772.3. The All Resources Index fell 1.3 points to 1,181.3, while the All Industrials eased
      AFP  -  594 words
    • Article
      Lock icon WELLINGTON
      257 26 AFP IT3 Wellington *1X79 RISING money-market interest rates and a weak kiwi dollar saw the exchange close down 0.6 per cent yesterday, losing most of Monday's gains. On turnover of NZ577.7 million the NZSE-40 Index was down 13.79 points to 2,231.95. Telecom Corp lost three cents to NZ$B.47. AFP
      AFP  -  257 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8776 27 INDUSTRIALS Consume products 1998 Lift Vol Day Nat Cap High Law C»mp»l*V Sale 'OOP M>pll L— P/K $n»M 310 180 Aiinomoto 230 ,2H 148 70 Anqkasa 70 -3.5 35 73 70 1.6 103.2 290 123 Apollo Food Hlq 160 *1 ®4" 388 190 B*f|aya Land 285 -13 110 295 285
        8,776 words
      • Article, Illustration
        Lock icon Shares hit by 2 brokerages' suspension
        374 27 AFP C 3 Composite Index -10iJ8 MALAYSIA'S key stock index fell 1.9 per cent yesterday in thin trade as the suspension of two brokerages undermined sentiment amid worries over regional economies, dealers said. The securities commission has given MBf Northern Securities Sdn Bhd and
        AFP  -  374 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3552 28 mm t«t v«( Day %m ou*« jm High LM StM Campany *f lOOO) Law Buy* MKr Mcl 233 9 m 3000 m AMDB c5.5******6 13 11 133 20.5 8 3160 A Acar ******1 US$ 9 -1 31 9.5 6.5 9 10 95 6.5 3164 Acma ******4 17 -3 10 17
        3,552 words
      • Article
        Ipco warrant numbers look decent
        149 28  -  WARRANT WATCH By] R Sivanithy THE warrant issued by civil engineering firm Ipco was one of the few gainers in yesterday's depressing session for local stocks, so perhaps a review of the numbers is in order. The instrument expires in December 2002, so there's no
        149 words
    • Article
      CLOB INTERNATIONAL
      2323 28 Tr.msaction date May 12 j MNLftvwMi SUCKS Cr Or 1996 Last Vol Day Laat Quota M» Olv YM Nat M Cap HHH L— Mm Csmpawy l«tl COOP) High L— Buyar S«4f Cw P/t $W 135 28 m»5000 AI5B 50c 53.5 -4 129 57.5 53 53 515 5.0 3.3
      2,323 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6506 29 Transaction date: May 12 1998 Last Vol Day Last Quo*. OW Dlv VM Nat Cap H4qh Law StHo Company Sala COOP) MH> taw Bwyar 1 c 5- 55? Z!!? INDUSTRIALS 43 18 5 a 1020 ACE Dynamics60c.... 20 -2 18 22 20 20 22
      6,506 words
    • Article
      SESDAQ
      1223 29 Or Or M Wt 1991 Last v*< Day Last Ouata Dtv Dtv YM Nat Cap A»« Hl» Law twta Cinwy tala COOOl HM» Law Owyar 8a—r Cw M 134 83 a 2000 ABRMKKjsSc 83 "4 9 89 83 81 97 40.5 91 243 76 a 2049 ASAutOlOc Ml -8
      1,223 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        214 30 Stacks Ve4eme Guthrie f02 12,660.000 TSMRes5c 11.715,000 HK Land USKJc 6,407.000 •RHB Cap Wt99 5.276.000 •M Resources 4,028.000 *MBf Capital 3.675,000 UOB Foreign 2.851.000 •Refcapacific BH 2.789,000 Wing Tai 25c 2,403,000 •Renong BUd 50c 2.338,000 Stadu U08 Foreign 19,739,747 DBS Foreign 18,189,993 SPH 17,242.480 OCBC Foreign 13,089.010 SM Foreign 12,048.815
        214 words
      • Article, Illustration
        HOT STOCK
        62 30  -  -W Ven Sreenivasan DBS Land gained three cents yesterday to $2.27 on a volume of 2.3 million shares, compared with its 30-day average of $2.4924. The technicals suggest that the counter has found medium-term support at current levels Investors should buy on weakness, as the medium-term outlook is
        62 words
      • Article, Illustration
        Lock icon STII clings to 1,400 level amid host of adversities
        668 30  -  STOCK MARKET COMMENTARY Trading marked by widespread weakness and low liquidity in the face of continuing Indon unrest and lack of decent themes Bu R Sivanithy [SINGAPORE] A late push helped the Straits Times Industrials Index hold on to the 1,400
        Chat mlo *um Bridge  -  668 words
      • ON THE GRAPEVINE
        • Article
          COE bidder in overdrive
          117 30 SOMEONE actually bid a whopping $263,838 for a Category 4 COE in the June tender for the right to buy a car more than six times the average premium. Aside from the obviously unnecessary exercise (even in boom years), the bidder would have had to set
          117 words
        • Article
          Baby bankers
          53 30 A FOREIGN banker told us this nice little story on how he feels about his bank having a large exposure in South-east Asia. "People ask me how do you sleep at night," he said. "I tell them I sleep like a baby. I wake up every two hours
          53 words
        • Article
          Understated bad news
          82 30 SINGAPORE Land's 1997 annual report contained a line that would qualify for understatement of the year. Singland said the "average occupancy level of the group's investment properties dipped slightly" last year. Well, its occupancy rate actually fell from 94 per cent to 84 per cent a full
          82 words
        • Article
          StarHub not part of the galaxy
          113 30 WE hear that Star Hub, the Singapore Technologies-led consortium that recently won a fixed-line and mobile phone licence, is mulling over a corporate/brand name for its proposed network in the year 2,000. Star Hub is only the working name for the tender, and not
          113 words
        • Article
          Chickened out
          81 30 AT last week's Asia Society conference in Hongkong, the territory's chief executive was asked what preparations Hongkong has made to deal with the millennium computer bug. Tung Chee Hwa confessed that he is bettor equipped to answer questions on chickens, ducks and pigs than on such an esoteric
          81 words
        • Article
          Beemer bummer
          80 30 IT HASNT been a great year for BMW, so far. First the Daimler-Chrysler deal throws into question its US$5OO million (*****.5 million) venture with the American carmaker to make 1.4 and 1.6-litre engines in Brazil This is because Daimler has a ready supply of such power plants, from
          80 words
        • Article
          Brunner is head of Coutts Asia
          97 30 COUTTS Bank, the private banking unit of Britain's National Westminster Bank pic, has appointed Hans-Peter Brunner as head of Asia and hired Crosby Group's Dominic Li as head of North-east Asia. Mr Brunner, 46, is based in Singapore and joined Coutts from Credit Suisse
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      6 19 Editorial: Trading/ufures in Singapore, Pg 15
      6 words
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      Page 19 Advertisements Column 2
      197 19 INTRODUCING THE MOVADO A POST-MODERN PERSPECTIVE ON TIME. Vizio means "vision"... in the international language of |IZ "Esperanto". The name of this watch, jR\ as well as the sculptured box that \A^\\ encases the Movado Vizio, embodies uU the 115-year Movado philosophy Jk IV, 'mr of design innovation in time
      197 words
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      735 20 A 8 J HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 10, Penjuru Lane, Singapore *****0 on 29th May, 1998 at 10.30 a.m. (or immediately after the conclusion or
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      719 20 ASJ HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Second Annual General Meeting of ASJ Holdings Umited (the "Company") will be held at 10 Penjuru Lane, Singapore *****0 on Friday. 29 May 1998 at 10.00 am to transact the
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      20 20 The Straits Times ClaMiflcd/Taagßa Mai fct Uty Tanglin Mall, every third Saturday of jjj the month, spm 11pm I****! I
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      1195 21 I ll I PRESSCRETE HOLDINGS LTD I H (Incorporated in the Republic of Singapore) I NOTICE OF ANNUAL GENERAL MEETING I NOTICE IS HEREBY GIVEN that the Annual General Meeting of Prssscrste Holdings Ltd will be held at 31 Chang! South Avenue 2, Singapore *****8 on 28 May 1998 at
      1,195 words
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      269 22 I Iff J Wtl1 ■§11iThMiiT*Hill iTstM*li^V*Mlil*li»lmT*V7^H It's official. The Canon Laser Fax LBOO has not only been While we're flattered by BEA's vote, we're hardly surprised. 7 fmn deUi|s on Canon LBOO please ca) our to free number ieoo-272 2026 or fax independently tested as offering the fastest scanning The
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      153 23 I get more than your money's worth Stay at Holiday Inn Golden Mile and you'll find your money goes further. A lot further. From just UK$lOl a night*, you'll enjoy discounted rates and upgraded services including free local phone calls, in-r(X)m fax (in selected r<x)ms), 20 local, satellite and cable
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      1737 23 t SUPERIOR METAL PRINTING LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Nineteenth Annual General Meeting of Superior Metal Printing Limited will be held at No. 7 Benoi Sector, Singapore *****2 on 29 May 1998 at 2.30 p.m. to transact
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      35 28 Citibank Margin Trading Account. Trade in the Widest List of Marginable Securities. Call 339-7126 Now. THE C ITI NEVER SLEEPS Branches al 1 Shenion Way 268 Orchard Road 21 Jurong East Si 13 www.cit iban
      35 words
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      496 30 THE COMPANIES ACT, CAP. 50 MASKON PTE LTD (In Members' Voluntary Winding-l'p) Al an Extra-Ordinary General Meeting of the Company held at 15 Scotts Road #04-01/03 Thong Teck Building. Singapore *****8 on 4th May, 1998. the following special resolutions were passed: (i) that the Company be wound up voluntarily pursuant
      496 words
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      77 30 and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification, ground-breaking ceremony or a toppingout ceremony. It's another chance
      77 words
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      Page 30 Advertisements Column 3
      141 30 news "travels fast l\ SINCiAPORK. when you want to reach out to a Ship Sales A: Tanker Rates. Aircratt Arrivals A; select target audience in the transport and logistics IX'partures. Regional Weather Reports. Local Ships in industry. only one dail\ offers you the advantage Port I pdate. an l.xport/ Import
      141 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      321 31 Bridge News Reuters TRADING was sluggish for Panamaxes and capesizes with freight rates little changed, brokers said. Rates remained steady to strong for handy sizes from east coast South America. The Biffex market traded higher volume very much in the same way as on May 6 when Oct-Jan
      Bridge News; Reuters  -  321 words
    • Article
      MARITIME STOCKS
      260 31 wmmmmmmmm «mra CWT Distribution 0.73 Chu«n Hup 0.49 *0 019 43 Cosca Invostinont.. 0.79 Freight Links 0.285 -0.015 31 MrioMng* 0-30 -OOI Hal Sun Hup 0.335 *0.009 194 HMCNZmw 0.70 *0.029 3*6 mCIHI#ngi HK 5.60 Jayi HoMtoqt 0 455 »SNpytrd 7.60 *0.09 336 Corp 3.60 -0J« 1899 KWUFELS
      260 words
    • Article, Illustration
      PSA's Fuzhou venture sees 27% box growth
      432 31  -  China port expected to handle half a million containers by 2000 By\ Felix Chan [SINGAPORE] Container throughput at PSA Corp's second Chinese port venture in Fuzhou grew 27 per cent to 224,780 TEUs (20-ft equivalent units) last year and is projected to reach
      432 words
    • Article
      Evergreen joins as full member of consortium on Australian trade
      396 31  -  New Australia South Asia group to add second string next month By Marcus Hand [SINGAPORE] Leading Taiwan shipping group Evergreen Marine is expanding its presence in the Australian market by becoming a fully fledged member of the New Australia South
      396 words
    • Article
      ITF study shows need to tighten rules to reduce seafarer fatigue
      820 31  -  STRAIT TALK By\ Seafarer Seafarers have always had to occasionally work very long hours. The nature of life at sea means it is difficult to make a clear separation between working, rest and leisure hours. That is especially the
      820 words
    • Article, Illustration
      Lock icon Cruising through the Three Gorges
      71 31 [BEIJING] The cruise ship Gezhouba is piloted through the temporary lock of the Three Gorges Project, which was officially put into operation recently. The temporary lock, 240 metres long, 224 metres wide and four metres deep, is about 40 kilometres upstream from Yichang in Hubei
      AFP  -  71 words
    • Article
      Lock icon Insurance for unwary cargo owners who use substandard ships
      347 31 Reuters [SINGAPORE! London cargo underwriters have devised a new insurance clause to allow cargo owners who innocently use non-International Safety Management (ISM) Code compliant ships to remain covered. The Joint Cargo Committee of the Institute of London Underwriters (ILU) said it
      Reuters  -  347 words
    • Article
      Lock icon Dumped waste oil pollutes Vietnam port
      167 31 AFP [HANOI] Waste oil dumped by cargo ships has badly polluted Nha Trang seaport in southern Vietnam, officials said. Several tonnes of oil have been dumped at sea around the port in Khanh Hoa province by cargo carriers coming in and out of the
      AFP  -  167 words
    • Article, Illustration
      Lock icon Maersk propels itself into a class of its own
      884 32  -  Danish line on the way to becoming world's biggest, most successful contalnershlp operator By] Francis Philips Maritime Asia O ONE doubts the objective. I Maersk Line of I Copenhagen I wants to be the I biggest, most I successful I containership
      Maritime Asia  -  884 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      369 32 PAGE ESP Lines M Ad 9 Ethiopian 6 ANL 3 Evergreen 6 Accord 8 Farwide 14 Ahrenfciel M foongSun 8 Ap pen ship 5 fr <#» AsiaOCL Frt Links K t Astro 3 6 Li"* Austral 9 Gemartrans 8 Avant 16 Genshpg 9
      369 words
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      SHIPPING GUIDE
      16760 40 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Vov»«je Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number «r13/05 04/06 NYK IWASHIRO 015S 65-*****23 A M/05 07/06 Yang Ming FREEDOM CONTAINER FR802S 65-*****10 15/05 10/06 COSCO MAPLE RIVER 0052W
      16,760 words
    • SHIPS IN PORT
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        CONVENTIONAL WHARVES
        734 47 Vessel Voy No B«rth Arrival Departure Ml 188 IN843 Je 1 alonqside 13.05/1000 Aulu Strty* "98 -«3 a»ongs.de !i°^?SS2 Bt f tsiaria 2MA1T98 J01 alongside 12.05/2300 St letfar. MAW J01 a4ongside BJjgMD Bt P*( Tetor *****6 J01 alongside Bt Sao Kasih *****8 J01 alongside 12 05/1800 Bt Sumbtf
        734 words
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        CONTAINER SCHEDULES
        1822 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklnq/Balancc Rstls Ship Voy No Etb/Btr Period From To From it. OKU I5/W0 1* 12/1500 12/1*59 12/1900 Autosy 12/1500 12/1659 U/1900 2* 12/1700 11/0659 13/0*0 21 12/1700 13/0*59 13/0900 3 13/0700 13/1159 I3/M00 4 13/1200 U/M59 13/1700 2 »4M MA.700
        1,822 words
      • Article
        GLOBAL HOLIDAYS
        191 47 May 18 Canada: Victoria Day. May 21 Austria: Ascention Day. Belgium: Ascention Day. Denmark: Ascention Day. Finland: Ascention Day. France: Ascention Day. Germany: Ascention Day. Indonesia: Ascention Day. Luxembourg: Ascention Day. Netherlands: Ascention Day. Norway: Ascention Day. Sweden: Ascention Day. Switzerland: Ascention Day. May 29 Hong Kong: Tuen
        191 words
      • Article
        COCKETT BUNKER MARKET REPORT
        931 47 THIS report compiled by Cockrtt Marine OU Ltd show* price ranges in US dollars instead of single prices for a more comprehensive descnpt ion of the market Prices shown are based on average sued stem Market movements are Cockett Bunker Price Index change and the Individual
        931 words
      • Article
        VERITAS BUNKER QUALITY REPORT~
        348 47 180 Mai 992.2 0.9 W.O 0.11 *23 0.06 BmMo. AU Aluminium No above t25 1 0 J Ay 30 D>w*tT Water HesMite At* 380 Ave *6 4 0.2 16.4 0.06 30 0.03 U 12 300 Max 992 9 2.0 19.6 0.16 72 0.00 *«W <"*** Mo*ow635
        348 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Checks of grounded 737s show damaged fuel-pump wiring
        618 48 71 planes returned to service, another 108 remain on the ground to be inspected NYT [WASHINGTON] Half of the 71 Boeing 737s inspected by Monday afternoon under an emergency order grounding the oldest models showed some degree of wear in the fu-el-pump
        NYT; REUTERS  -  618 words
      • Article
        Lock icon Peruvian plane crash: black box found, sent to US
        254 48 AFP [LIMA] The black box from a Peruvian Air Force (FAP) plane that crashed in northern Peru killing 74 people has been found and sent to the United States for examination, a FAP official said. Rescue crews at the crash site
        AFP  -  254 words
      • Article
        Lock icon India unveils its first plane
        163 48 AFP [NEW DELHI] India has unveiled its first locally-built plane and said it would find a market for it at home and abroad, the Press Trust of India (PTI) reported. The single-engined plane designed by National Aerospace Laboratories (NAL) will be primarily used as a
        AFP  -  163 words
      • Article, Illustration
        Lock icon Italian wings at China defence show
        41 48 [BEIJING] An Italian-made plane on display at a defence technology exhibition yesterday. China's military is budgeted to spend 90.99 billion yuan (SSI 7.6 billion) in 1998, an increase of 12.8 per cent from 1997. REUTERS
        REUTERS  -  41 words
      • Article
        Lock icon Dragonair's traffic recovering since April after 1st qtr dip
        336 48 Reuters [HONGKONG] China National Aviation Co Ltd (CNAC) said yesterday traffic of its 43.29 per cent owned Hongkong Dragon Airlines Ltd had shown signs of recovery in April after a slight decline in the first quarter. "Since April, the overall traffic
        Reuters  -  336 words
      • Article
        Lock icon Evergreen in talks to buy planes from Asian carriers
        425 48 It will then lease back the planes to the airlines Reuters [BEIJING] Evergreen International Airlines Inc said it was in talks with a number of Asian airlines to buy aircraft which would be leased back to the carriers. "Under the right
        Reuters  -  425 words
      • Article
        Lock icon Northwest, Continental to code-share with Air China
        445 48 Bloomberg [ST PAUL, Minnesota] Northwest Airlines Corp and Continental Airlines Inc will form a partnership with Air China, the largest carrier in China, as they seek a foothold in one of the world's fastest-growing travel markets. Northwest, which earlier this year said it
        Bloomberg  -  445 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1626 48 cnr FU6MT cm nww no iimmoi TBTin wo L i >■1111 in HMO 0490 IUB ZMO CZ351 2045 CZ352 0035 ***** 0755 HUSO IWO HPT MB Hmot ****** 1310 W742 0905 Aacftla* N***** 2050 W4285 2045 ***** ***** 1105 ***** 2050 ***** 2045 I I wtT4
        1,626 words
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      23 31 Maersk propels itself into a class of its own Danish line on the way to becoming world's biggest, and most successful. Pag® 2
      23 words
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      Page 31 Advertisements Column 2
      162 31 Checks of grounded 737s show damaged wiring 71 planes returned to service, another 108 remain grounded to be Inspected. Back Pace neuus travels fast IN SINGAPORE. when vein want to reach out to a select target audience in the transport and logistics industry. onl\ one dailv oilers \ou the aihantage
      162 words
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      1113 32 I NORTH AMERICA I I EXPORT I I OTHER DESTINATIONS I SSX-SUPERSHUTTLE EXPRESB OIRECTTO LA lOWECTSBWICE TO COAST SOUTH AMERICA/AMA ANDES EXPRESS SERVICE W vtssa vwr n*s« now in dm hou o#< kt hdocooty vksb jm_ aw Imamo mmmvbitim* umo to iqwoui wkimmu »>wu«o ooaoau tmsm ii/is u/m w/os n/u
      1,113 words
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      Page 32 Advertisements Column 2
      669 32 ljn es servces represented (;CSB"S Members of me Registry of [s m W.« Singapore Freight Forwarders Accredited Shipping Agents CjUV Association Singapore Shipping Association Send out 48,000 Place an ad in... Shipping Times Just talk to us... I Iris Um 740 2044 Jarrod Leong 740 2089 EXPORT 3 x Japan
      669 words
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      1094 33 TO EUROPE FROM EUROPE I VfSSSL VOY SW RTM AM HAM *MV SOU FIT LEH~ VBSE VOY RTM ANR HAM HV SOU FIT LEH SIN THAMES 54«W M/ 05 06/06 03/06 04/06 01/06 AftAUAAWNI 617» 2S/0427/04 21/ M M/ 04 14/05 MOSII S2OW 15/05 31/05 02/06 05/06 06/06 NOICYRPINE *****1/04
      1,094 words
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      Page 33 Advertisements Column 2
      2127 33 HANJIN SHIPPING HANJIN SMtfflNG (S) HI LTD h* //mm bmn am MOUNG 32W23S 737 SALES 32M724 231 DOCUMENT 32W271 274 OTEUnORS *****41 757 MAM LIME *****55 fAX 2721W0 O H*****0000N TO NW USA CANADA USA CANADA* FDR VSI/VOY |mi ill UNI HAUt/VOY TIW DBI POX |OO MSP I PTT PTT
      2,127 words
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      Page 33 Advertisements Column 3
      357 33 VESSEL VOY_ _SIN_ KG VOT SIN HKG KEL USN PUS "> Y |BL (mmm ,jjh j KRRTCKtfLUN6 OPTS 01/85 05/05 IO2N 06/D5 10/05 12/05 14/DS IS/OS I 1 M>s I '0/05 IMRTCPySAAI 1 Ifsffil VIM I HYUNDAI SWWTtI 00*5 01/05 IS/OS 17/0S 10/05 20/05 KMTf PELUNG M3S I 74/051 74/05
      357 words
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      1495 34 DSR-SENATOR UNES TO UK/CONTINENT TO RED SEA/MEDriERRANEAN^CANADA VESSEL VOY "ST* LEW HTM MIR HAM BHV HJ< VESBEL <0Y W JB 81 fft TO HC Wl TRADE HARVEST WOC2 06 IS 21 06 30 #5 71 OS 21 OS Hit CHOYAMG VISION WMB23 MJI 28* JIM MM MM M M 1J
      1,495 words
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      Page 34 Advertisements Column 2
      1444 34 MY ANC MMG LJNE y "L Intern* W.t> Srt. «tp: //www.yml.com.tw IJI |fI4IJI'IiIH!i^II:BJ,I.'HI?Ii'IIUII:MJJWIIJ4iI'HI'IJ l lfJJ1:IJl41i I <J:IJII.JJTTTin T>WCf WKXLYEVBTYIMURSOAY/SUNOAY VESSEL VOY SIN CMB RTM HAM **T lEH A*R 1 MING SUN ABI9W 15/05 06/06 04/06 03/06 08/06 NORMANOIE BRIDGE JBI9W 17/05 03AJ6 05/06 06/06 08/06 j MING GALAXY AB2OW 21/05
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      Page 34 Advertisements Column 3
      443 34 LINE JBl TILi *****56 PAXs *****12 MUARA LABUAN j vissa vot rro eta vcsa vor rro n* sfotf rhiara sra« UN •moon via/w u/os i»/05 «*jao«Tf vin/n 14/05 20/05 IPtOSfHI VIM/W 20/05 23/05 i-tOVH Vl*/W JO/05 74/05 «mao»r vm/w »/os w/os wwioort vi*/* jo/os IPtOSfa Vl«/fl 30/05 02/04 J-«OS« VI4I/00
      443 words
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      1505 35 VESSEL VOY SIN POU PKQ PEN BLW SUR DUB BA BIK IRAN VAHDAT PJL 1284 21/05 30/05 I IRAN TAKHTI PJL 1286 28/05 0«/0« 07/06 IRAN TEYFOURI PJL 1287 08/06 15/06 16/06 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. AZARBAUAN. ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN, KIRGISTAN. TAOZHIKISTAN
      1,505 words
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      Page 35 Advertisements Column 2
      1861 35 SAILING I TO SHANGHAI XINGANG J SINGAPORE'S GENERAL AGfNTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (l/L) COSTAR SHIPPING PTE LTD «i7-os dbs ilog sales/ikgs *****41/43 inwardoept(o/0) *****85 COSTAR AGENCIES (M) SDN BHD CR HO: *****89Q000M TOWER TWO (*****9) CONVEHTIONAL *****50/55 T/SHPMT PERT *****2S TEL 02-07-35 ***** FAX:
      1,861 words
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      Page 35 Advertisements Column 3
      606 35 'tsn EASTERN CAR UNER, LTD |E Ea (SINGAPORE) PTE LTD JZmvlOZi: 1 SPECIALIZE IN RORO A HEAVY UFT UPTO 122 TONS] ECL (SINGAPORE) PTE LTD LOADING FOR BANGKOK/HONG KONG CHITTAGONG MV "SEKI KOCHI" V. 126 MV WHITI FLORES" V 7 ETA SIN 15/05/98 ETA BKK 18/05/98 ETA SIN 18/05/98 ETA
      606 words
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      1274 36 EUROPE/UK/3CANDINAVIA/FIHLAND/RU3SIA rSGPI ROM ANW HBG TMP ZEE LHW LHV THP RDM ANW HBG PHI SGP E RESULT RW 019 16,05 05,1)6 10/06 06/06 001)6 09/06 10/06 E GROUP RE 058 19/04 21/04 20/04 22AM 24/04 18/05 E OEVOTE RW-001 2X05 12,06 17/06 13/04 15/06 16/06 17/06 E GLAMOUR RE-055 25/04
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      Page 36 Advertisements Column 2
      1005 36 MAC-NELS S PORE M'SIA Carrier: MN CONTR LINES, INC I K A"J cm MO! IaoMTMOOOC SIBU: (064) *****9 MANILA: (632) *****24 V W PENANQ: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P. KELANO: (03) *****77 JKT: (21) *****07 MON: (61) *****3 KUCHINO (062) *****1-3 MANILA CINOA/BARCHONA/II HARVT" MV "MARTOAVELLER"
      1,005 words
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      Page 36 Advertisements Column 3
      475 36 A NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL 1 VOT I SIN PLU 008 CPT j/jjg NANTAI QUEEN V.077S 16/05 2S/0S 79/05 02/06 05/04 HANIAIDRAGON XOOtS 74/05 02/06 06/06 11/06 NANTAI PWN({ VO22S 31/05 14/06 U/06 NANTAI »tNUS VO27S 08/06 17/06 71/06 75/06 71/06 COLDBI DRAGON VOOSS
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      384 37 I BSfl H.H M MYANMA wBBk FIVE STAR LINE r (Myonmor Notional Lino) Loading for Yangon (Rangoon) Vissa VOX SM PRG PIN PGO MERGUI MM SU> (AGO 102W 15/05 MALAYSIA AGENTS: KXJSTUC SMPPMG AGENCIES KUL TH. 02-03-*****00 PRL- TIL 02-03-*****01 Kit Til 02-04-2****** PGO: HI 02-07-*****21/4 BANK LINE (A swvk*
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      Page 37 Advertisements Column 2
      1218 37 I Zi HYUNDAI MERCHANT MARINE CO. LTD. 1 Vissa VOYISOUIUH|RTM|ANT|HAM|BRV|fR|SMI fuAMir S4IW 14/05 01/01 04/06 03/04 04/06 IMS J*****/04 15/04 It/04 21/04 J]/JJ MOSa 520W 15/05 05/06 06/06 11/05 02/06 AW MMMH 30U 20/04 25/04 22/04 23/04 4/05 m AAATT 006W 11/05 03 06 04 06 04/04 09/04 NOIOfWHNI 3101
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      Page 37 Advertisements Column 3
      903 37 norwegion syucioiiml oukxxrmn Q&3<°]<3 wmuHES TO NORTH AND LATIN AMERICA 'RORO HttVYUfT SHVKI [VtSSft VOY RAMP HHGNT SIN LAX CKL MIA SAV Ml ORf NYC WW MOB iMiroT liiT" ™uT™ 1W1W" iW™ WST 2475T 2775T IITeT WST «75T TIXAS Fill 4001 ms 6.3 M 30/0S 25/0* 04/07 07/07 09/07 11/07
      903 words
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      662 38 ANOKOK/LABM CHABAMO JAKARTA/RAMJANO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN SINO OCEAN OCNQ77 In Pt 16/05 MATHU BHUM ***** 14/05 18/05 XETHA BHUM 232N In Pt 17/05 MATHU BHUM 364S 14/05 18/05 NANTA BHUM" 393N In Pt 18/05 17/05 GURU BHUM' 78S 16/05 19/05 XETHA BHUM 232N8
      662 words
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      Page 38 Advertisements Column 2
      440 38 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL: *****68 FAX: *****64 Hffa TLX R*****5 SINMER CR No: **********0W Receiving Cargo at PTI I Blntulu I I Muara 1 VESSEL VOY SIN |TU ?5558 VOY SIN MUA B Sekift VW*l IH7/05 72/1)5 V9807E top 14/0519/05 I Stria V9BIOC
      440 words
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      Page 38 Advertisements Column 3
      810 38 A/iccord SHIPPING PTE LTD YU ***** IS (40 lirws) FA* *****30 K*TKLAItG (03) J47 1001 DMECT ACCESS YIL *****55 (IXPOMY BOOKING) P4SAT GUDAMC (07)351 1377 *****34 (EXPORT DOC), *****39 (IMPORT) PfHAMG (04)*****40 URUHTTP;//WWW.ACCORD.COM.SG JAKARTA (21)0400/70 POIT ra SIN H>tT ITA SIM POUT m SIM POKT ETA SIN (FAR EAST) (INDIA)
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      407 39 INDONEsiAN/mONA^H^I TO EUROPE "1 EXPRESS SEMI-CONTAINERISED SERVICE ~m VOY JTPORE |A OAM/H DAM IH SURG I BREMEN I ANTWERP I A VESSEL 22/06 27/06 OMIT 2/7 TO AUSTRALIA i RJU. CONTAINER SERVICE VU VOY R5 'SSI fflE BNE SYD "METI H«A APLffIE API IVORY VIES IMB 1106 77« 2M6 t1«
      407 words
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      904 39 PACIFIC INTERNATIONAL LINES (PTE) LTD aiSwjfilwJg?l4o Cecil Street, #03-00 PIL Building, Singapore *****0. I CR NO: **********06 VtSSEL VOY PHI SIN SIB Hfi Ml SI EB I SBS r" -88 'w, —53 W jg Jk=S sag ir s sa Isn VtsscT VOY PKL SIW UK Ml HT 5 TtC M
      904 words
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      Page 39 Advertisements Column 3
      764 39 VESSELS VOY "T"SN"HT JED MLA LEH HAM THP RTW ZEE VILIEDEGEMXA H2SW 22A» 31/06 06/06 I<VO6 11/06 12/06 13*06 14/06 VILLE D'ORION Y29H 26/06 04/06 08/06 14/06 16/06 17/06 18/06 19/06 VILLE DE MIMOSA VMM 01/06 10/06 15/06 21/06 22/06 24/06 24/06 25/06 V-LE OE TANYA T26W MW 17/06 22/06
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      52 41 wiß— VaTil STe£| Dial 740-6000 OH G€ITI3nQ (Retrieve more schedules!) Press 1" Select the port and key in the four digit code eg: To New York (NYC) 2275 sigg) Key in your fax number I your phone number Another innovative service offered by CTB^ The dOCUment Will be Shipping Times
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      611 44 SAMUDERA SHIPPING LINE LTD I F 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 I TEL: *****81-3 FAX: *****08 (OUTWARD)/*****69 (INWARD) TLX: R*****0 k CR NO. **********00 I BOOKINGS CALL DIRECT LIHE: *****41/43 JESSICA/CELIA/MEI CHAN INTRODUCING OUR SIN PONTIANAK SIN SHUTTLE SERVICE Schedule every 5 days. Maiden voyage starting 25/4/98.
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      Page 44 Advertisements Column 2
      623 44 Womm ENG LEE SHIPPING CO PTE LTD I t«|: S33M7S Umil fa: S33O«M/53M«M I «f<B ISOmOOOOOC I VESSEL VOY SIN nA SIN ETD DESTINATION BuonolmWi 06/98 11/05 14/05 Buaton/Petowong/PBoru Unggul Jcyo 06/98 12/05 13/05 P Baru/IXtmoi Union Stoi 18 07/98 12/05 14/05 (okortoAuraboyo Ihohoßoru 06/98 13/05 14/05 Bdowon Buonotoodi 08/98
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      Page 44 Advertisements Column 3
      463 44 SIN FAR EAST 15/05 KEELUNG/KAOHSIUNG I 17/05 BANGKOK 17/05 MANILA/CEBU 17/05 JAKARTA/BELAWAN/SURABAYA 13/05 PORT KELANG/PENANG/E MALAYSIA 13/05 BUSAN 17/05 T OKYO/YOKO/KOBE/NGO/OSA 15/05 HONG KONG SIN CHINA 15/05 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU OALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU m EUROPE/UK 18/05 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SJN USA/CANADA 18/05 LOS ANGELES/NEW YORK all
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      Page 44 Advertisements Column 4
      469 44 cccm Singapore Soviet Shipping ttNlCo. Pte. Ltd. CR NO: **********0N BOMBAY VESSEL VOY SIN BOM PNG PKL KOTARATU RTUOO9 15/05 23/05 04/06 06/06 ORIENT AISHWARYA 113N 23/05 01/06 12/06 14/06 KOTARUKUN RKNOO2 30/05 07/06 19/06 21/06 KOTARATU RTUOIO 06/06 14/06 26/06 28/06 ORIENT AISHWARYA 114N 15/06 23/06 04/06 06/06 For
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      1120 45 i ASIA MEMTERRANEAN EXPRESS (AMI) WESTBOUND SERVICE;' I VESSEL VOY I SIN I PIR GOA I VIC I lEH ANR —FXJ I MSC ROSSELLA 9818 3 19 MAY 01 JUN QIAJN QM!I QM!I Q2JM 15JUL4 MSC ALEXA 9819-3 21 MAY 03 JUN 05 JUN 07 JUN 10 JUN 1 1
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      Page 45 Advertisements Column 2
      1782 45 I vrssa /voyage spore sou ro nam u* 1 vtssa/voT*G( sou rtm ham uh spom kqm hagoya swmzu nyro NTKANDROMBM 03WM19 14.05 30.05 01.06 010* 06.06 NTK VIGA 19U16 1104 20.04 21.04 25.04 12.05 1105 19.05 2105 21.05 NTKALTAM 21M20 214S 0106 0106 0106 1106 NTK CASIO# 02U17 26.04 2744
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      579 46 I VESSEL VOY SIN MAA SIN I TIIGER WAVE 626N 19-2(V05 25-28/05 02 03W6 I TIGER BAY 627N 23-24/05 28 01/06 05 06/06 I TIGER ISLAND 628N 26-27/05 01 05/06 I TIGER BRIDGE 629N 29-30/05 04-08/06 13-14,06 TIGER WAVE 630N 02 03,06 08-11/06 16-17/06 TIGER BAY 631N 05 06.06 11-14/06
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      Page 46 Advertisements Column 2
      776 46 FREIGHT LINKS EXPRESS 62 Toh Guan Road, Singapore *****1 Tel *****66 (60 Lines) Fax: *****33 E-mail flesin@singnet.com.sg FORTNIGHTLY CONSOLIDATION SERVICES FOR ISTANBUL/BUENOS AIRES/CEBU/ SANTOS/SAN ANTONIO PLEASE CALL OUR TOLL FREE LIME s 1800-*****66 FOR BOOKIMO Overseas Offices Hongkong *****113 flms@asioonlino.net Port Kelang *****40 flem®tm.rwt.my Bangkok *****42 kunlhiduQflcth.(o. th Surabaya *****00
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      Page 46 Advertisements Column 3
      1071 46 I OOCL (Singapore) Pte Ltd CFS Keppel Distrpk for booking 179 Am«i Rood #21-04 (S) *****6 Bik 513 #01-128 A enquiry Tfii iI X CR NO **********0H T«t 272 7827 fo fl 2269 180 /F# M: *****13 F«i 221 3942 FM: 272 7825 l WOtm UKtICA USA/ CAMABA AMtTtAiU TO
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  • Page 47 Miscellaneous
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      Page 47 Miscellaneous Column 1
      126 47 I LEGEND R Thunderstorm Temperature c X\ Shcwer Weather _X Wind direction with speed m knots Roin mj Cloudy Sky Wov ht Surface winds are indicated by arrows which Hy with the wind One hJt circle represents calm or light ond vorioble winds One hoW fleche represents 5 knots l—»
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      104 48 NOTICE TO THE TRADE GENERAL RATE INCREASE FOR SHIPMENTS FROM FAR EAST TO WEST AFRICA Shippers are hereby notified that below mentioned carriers have decided to implement a Container Imbalance Surcharge of USD 150 per TEU (Twenty-Foot Equivalent Unit) applicable on all shipments from Asia to West Africa. This surcharge
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