The Business Times, 15 May 1998

Total Pages: 44
1 44 The Business Times
  • 19 1 THE BUSINESS TIMES MIT A (P) INVI2/97 85c S I N <1 A PORE Internet: http://www.asial.com.sg/biztimes FRIDAY, MAY 15,1998
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  • 67 1 sra 130L78 (-30.20) BT-SRI 56L76 (-7.01) BTOOHP U3&SO (-12.40) BTMGA ***** (-11.73) rr ■AMETMOOD: ■Ml Down STOCK MARKET INDICES Thursday Change KLSE COMP ***** +1117 NIKKEI 15,307.69 -36.12 HANG SENG _9.591.95 +***** SET INDEX 368.82 -110 JAKARTA COMP 403.70 +1.64 MANILA COMP 1130 33.67 TAIPEI WP! 8,193.50 9.40
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  • 79 1 F08EX BATES us* s$ USS 1.663 £(l'S$/S$ per 1.629 2.692 DM 1.776 0.931 YEN 1341 1.232* MS 3.840 0.430 HKS 7.746 0513 BAHT 3850 0.043 RL'PIAH 11.000 0.015* 'St to 100 units PRIME SATES SINGAPORE* 7.79 KUALA LAJMPLR 11.50 JAKARTA 28.00 BANGKOK 14.75 MANILA 22.90 HONG KONG 10.25 TAIPEI
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  • 1066 1  -  Parliament session convened; Opposition names candidate for interim president Reports by S N Vasuki in Jakarta AGAINST the backdrop of yesterday's worsening violence and unrest, political analysts and market players alike debated whether President Suharto had paved the way for his succession when
    AFP  -  1,066 words
  • 691 1 Riots have claimed at least 24 lives in past three days [JAKARTA] Several major buildings in central Jakarta were still burning last night, after mobs of young Indonesians went on a rampage of arson and looting. Major department stores, grocery stores, banks and
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  • 108 1 AFP (JAKARTA] Indonesia's total foreign debt at the end of February stood at U*****.7 billion (*****.4 billion), according to central bank figures released yesterday. Total public-sector debt was U5565.4 billion, of which U5553.5 billion was owed by the government, including a US$3 billion International Monetary
    AFP  -  108 words
  • 432 1  -  R Sivanithy, Larry Wee [SINGAPORE] Regional financial markets yesterday regained some poise after being blitzed on Wednesday, with Malaysian stocks managing to rally by 2.2 per cent and Hongkong stocks gaining 1.3 per cent. There was no such recovery for Singapore stocks,
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  • 122 1 AFP. Reuters [JAKARTA] The home of multi-billionaire Liem Sioe Liong, Indonesia's wealthiest man, was set on fire by a mob of rioters yesterday. Branches of the Bank Central Asia, owned by the ethnic Chinese tycoon's Salim group, were also burned and looted, a press report
    AFP.; Reuters  -  122 words
  • Page 1 Advertisements
    • 184 1 mSTOE Here tiz deductions Banks can expect the taxman to be more liberal on tax deductions for specific provisions in view of the current financial meltdown, Pf 20 Two crippled finance companies, Nava Finance and Union Asia Fiance, will be taken over by the Bank of Thailand, if they fail
      184 words
    • 50 1 More on the Indonesian unrest Singapore companies feel the heat, Pg 2 Taking the next flight out, Pg 2 Editorial: Suharto's moment of truth, Pg 3 Commentary: What if Suharto goes? Pg 4 hi fl rt S|S| HS ■WhJSiiSp ~^ra K9p Ipse *-"^nP M)NNAI<ARAN 1 f|| NIwY C) R y
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  • INDONESIA IN TURMOIL
    • 544 2 Some say they will be assessing the situation as they go along [SINGAPORE] The worsening unrest in Indonesia hit home to foreign banks and companies yesterday, with Singapore-owned firms among the many that suspended operations in Jakarta as another day of violence and rioting
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    • 392 2 SIA has 7 flights to and from Jakarta daily; Silkair has 3 [SINGAPORE] Nearly every flight out of Jakarta yesterday was said to have been packed with people fleeing the country as trouble in the Indonesian capital escalated. This is despite reports
      REUTERS  -  392 words
    • 354 2 Brokers, bankers abandon offices before lunchtime [SINGAPORE] The Jakarta financial community was gripped by what looked like near panic yesterday as brokers, bankers and fund managers abandoned their desks in disarray before lunchtime amid signs that the mood in the streets was getting worse ahead
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    • 228 2 [SINGAPORE] Indonesia's central bank yesterday unexpectedly cancelled its afternoon clearing for interbank rupiah payments amid widening riots in Jakarta. Traders in Singapore said that interbank activity in the rupiah, already thin, collapsed immediately as no one could be sure when Bank Indonesia (BI) would
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    • 247 2 Road jams delay container flow to Tanjong Priok [SINGAPORE] PORTS in In donesia remained operational yesterday despite the escalating unrest in the capital, but massive traffic jams on roads delayed movement of containers to the Jakarta port of Tanjong Priok, shipping executives in Singapore said. "The
      247 words
    • 150 2 [SINGAPOREI The Ministry of Foreign Affairs has advised Singaporeans with no essential business in Indonesia to put off their visits for the time being. Those who have to travel to Indonesia can register themselves with the Singapore Embassy in Jakarta or with the
      150 words
    • 299 2 [SINGAPORE) Many multinational companies in Indonesia are scrambling to get their staff and their families out of Jakarta amid news that rioting and looting have spread to residential neighbourhoods in the suburbs that have so far escaped the brunt of the
      299 words
    • 455 3 Taiwan urges caution; two firms drop plans to buy state firms Reuters [JAKARTA] Foreign companies are rethinking their Indonesia investment plans as riots spread across Jakarta, with Taiwan telling investors yesterday to be cautious and two foreign firms reported to have dropped plans to
      Reuters  -  455 words
    • 334 3  -  Suharto should step down: opposition leader Lim Kit Siang From. Eddie Toh in Kuala Lumpur MALAYSIA is concerned with the worsening social unrest in Indonesia, Deputy Prime Minister Anwar Ibrahim said yesterday. "We are of course concerned, monitoring this very closely," he told reporters.
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    • 310 3 Reuters, Bridge News [JAKARTA] Mobs attacked and damaged several buildings linked to firms controlled by Indonesian President Suharto's family and friends in Jakarta yesterday, witnesses and company officials said. One car dealership displaying Bimantara sedans, a company owned by Mr Suharto's second son Bambang
      Reuters,; Bridge News; AFP  -  310 words
    • 616 3 EDITORIAL a— Flam no longer trusted, that's okay. I I will not use force of I arms I will not be I the obstacle, or even stumbling block, to the I existence of this nation." These were the words of Indonesia's President Suharto, in comments to
      616 words
    • 1147 4  -  Several possible scenarios should President decide to step down By' Yang Razali Kassim [SINGAPORE] THE demonstrations in campuses were still embryonic when President Suharto left for Cairo last Saturday a trip calculated to underscore the image of a leader in control. But for the first
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    • 297 4 AFX-Asia, AFP (JAKARTA) A group of senior Indonesian opposition figures led by Islamic leader Amien Rais has called on President Suharto to step down peacefully so that the nation can prepare for a new political order. Mr Rais told a media
      AFX-Asia,; AFP  -  297 words
    • 170 4 Reuters [AMSTERDAM] A crowd broke into an Indonesian brewery of Dutch brewer Heineken NV and emptied an entire beer warehouse yesterday, a spokesman said. The Multi Bintang brewery, some 80 per cent owned by Heineken, is located 30km from Jakarta. "At ten o'clock Dutch time,
      Reuters  -  170 words
    • 423 5  -  Bailout will involve converting debt of Nava Fin, Union Asia Finance to equity From Harish Mehta in Bangkok TWO crippled finance companies, Nava Finance and Union Asia Finance, will be taken over by the Bank of Thailand, if they fail to raise
      AFP  -  423 words
    • 399 5  -  Peso slips, central bank nps funds to fend off attacks From Al Labita in Manila DELAYED results of Monday's election exacerbated investors' worries over Indonesia's crisis, setting off a further selldown of stocks and attacks on the peso yesterday. The key 30-share Phisix index
      Source: Bloomberg  -  399 words
    • 423 5  -  By\ Louis Beckerling [SINGAPORE] Global investment banking group Lazard is shopping for survivors in Asia's investment battlefield, but warns that shell-shocked owners of private firms are still asking too much for what remains of their businesses. In town with this message yesterday was Patrick
      423 words
    • 363 5  -  De vise exchange rate mechanisms: ADB unit's dean From, Anthony Rowley in Tokyo A POWERFUL plea to East Asian nations to avoid further competitive devaluations of their currencies and to work together on devising regional exchange rate mechanisms was made yesterday by former
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  • Page 2 Advertisements
    • 776 2 Meiban Plastic Limited \B| JP/ (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Eleventh Annual General Meeting of the Company will be held at the Board Room, 230 Victoria Street, #12-00 Bugis Junction lowers, Singapore *****4 on 2 June 1998 at
      776 words
    • 29 2 If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. WwA Another I Classified I cats. Service
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  • Page 3 Advertisements
    • 26 3 n" 'IB V M'^lK- Iflfilia if i CHANEL EXCLUSIVELY AT THE CHANEL BOUTIQUES: NGEE ANN C1TY,391 ORCHARD ROAD,SINGAPORE TEL:*****20 ISETAN SCOTTS,3SO ORCHARD ROAD, SINGAPORE TEL. *****21
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  • Page 4 Advertisements
    • 88 4 Are you sitting comfortably? (You must be in Emirates' Business Class.) f M VHsj^ Comfortable? Our Boeing 777s boast one of the most advanced seats in the sky. Pampered? There's a personal video, phone, fax and the finest champagne and cuisine. Impressed? We hope so. vWe f gL m Emirates
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  • Page 5 Advertisements
    • 152 5 Viokers Ball a* set for 51 control of Nava Sec, Pg 17 PF M» Passat is lie result of K commitment to ifsP* automotive excellence. And p«tt^|WH^ i^' >: .j&r; stfcgr 'IT ip toughest critics of att, the press, are quick to recognise W*j '-^l££^^^H^^^^l^H9lßK^ v .jig 1 mm HfP^
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  • AUSTRALIAN BUDGET
    • 1238 6  -  Australia's fiscal turnaround is impressive but money markets are convinced the jury is still out By Peter Lynch [SYDNEY] AUSTRALIAN Treasurer Peter Costello received a sharp warning from the money men of New York last week. Even as he was putting the
      REUTERS  -  1,238 words
  • Page 6 Advertisements
    • 1854 6 AVIMO AVI MO GROUP UMfTED Unaudited Results for the Half Year Ended March 31,1998 and Dividend Announcement The board of directors of Avimo Group Limited announces the following results for the half year to March 31, 1998: CHAIRMAN'S STATEMENT PROFIT AND LOSS CTATEMENTS Half year ended March 31,1998 RESULTS fixouit
      1,854 words
    • 14 6 vint'i «iwi la Cats' Mews/^\ lia't Mitt it ia Saaday Clastifiri thit *iikti4. CATS.
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  • REGION
    • 221 7 HANOI AFP, Bernama VIETNAM will become an official member of the Asia-Pa-cific Economic Cooperation forum (Apec) during the November meeting of the organisation in Malaysia, a report said yesterday. Apec secretariat executive director Noor Adlan confirmed Vietnam's inclusion in the regional grouping
      AFP,; Bernama  -  221 words
    • 329 7 HANOI Figure up more than G% in cities, 28% in rural areas: Viet news agency AFP TENS of thousands of Vietnamese have lost their jobs as the Asian financial crisis bites into their economy, with unemployment becoming a major preoccupation of
      AFP  -  329 words
    • 373 7  -  SINGAPORE More similar investments being planned in region Hy i Carol Eng HONGKONG-based Star East whose owners include a star-studded cast of Hongkong showbiz personalities has entered into a 40 million Malaysian ringgit (5517.2 million) joint venture to build a resort in
      373 words
    • 75 7 KUALA LUMPUR Reuters MALAYSIA and Indonesia yesterday urged international donors to come forward with the disaster aid they had pledged as the two nations activated a joint plan to combat smog from forest fires*' "We are not begging. We think we have a responsibility within
      Reuters  -  75 words
    • 412 8 BOMBAY Rupee falls 2% to 40.58 to US$; but stocks stage technical rebound Bloomberg, Reuters, AFP THE Indian rupee fell 2 per cent to a record low of 40.58 rupees to the dollar amid concern economic sanctions imposed by the
      Bloomberg,; Reuters,; AFP; Source: Bloomberg  -  412 words
    • 366 8  -  SINGAPORE Stockmarket crash dries up funding from Hongkong By, Lu Ning THE ongoing financial crisis in Asia has shrunk Hongkong's share of China's total overseas capital inflows in the first four months of this year, said a senior official of China's
      366 words
    • 394 8 HONGKONG AFP HONGKONG'S Democratic Party will be the leading party after the territory's first post-colonial elections, despite fears that the voting system is stacked against it, a survey released yesterday found. The quarterly Hongkong Transition Project survey forecast that the Democrats could
      AFP  -  394 words
    • 203 8 TOKYO AFP THE chief economist at Japan's central bank has given a rare warning that the world's second largest economy risks being hit by deflation as prices fall, a report said yesterday. "There is a risk that deflation will creep up," Masayuki Matsushima, the
      AFP  -  203 words
  • Page 7 Advertisements
    • 135 7 CHRISTIE'S ART South East Asian Pictures Important Jewels from a Private Collector Auction: Monday, 18 May 1998 Adrien-Jean le Mayeur de Merpres (Brussels 1880-1958) Le Tableau Chinois Estimate: Ssloo.ooo-150,000 Viewing: 15 May 10 am to 6 pm, 16-17 May 10 am to 8 pm at Magnolia Room, Hyatt Regency For
      135 words
    • 168 7 Technology featuring the design. Comes four different to suit different styles play. Uftra-slim 7mm-diameter shaft S,H I more and accurate Heavier head increases swin^ by on gravity itself, yet overall weight L Shock damping box shape reduces^ the enormous impact-stresses I COMPLIMENTfIRV minimises vibration. For the detailed and precise, whom
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  • Page 8 Advertisements
    • 36 8 i jP^ ||j H SB 'aßk 3. 4pr EXPATS' NITE At DANCERS The Club Complimentary Admission 8c Drink Every friday 3A, River Valley Road, #03-01. Merchants Court, Clarke Quay Singapore *****0 Tel: 333 5535 Fax: *****65
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    • 236 8 Show Up At The Region's Most Established Building Event HSIBEX'9B The 16th Southeast Asian International Building and Construction Exposition XAIHEX'9B The 4th Asian Hardware Exposition PAIDEX9B X^Hjia^The 3rd Asian International Interior Design Exposition S3 SURFACES II Vmm AS IA '9 8 J~^ The Asian International Surfaces Eiposition k TtFa tfv
      236 words

  • NEW ZEALAND BUDGET
    • 667 9  -  Measures include an overhaul of generous welfare system From David McLoughlin in Auckland NEW Zealand's embattled Treasurer, Winston Peters, has delivered a wide-ranging and surprisingly reformist budget which has drawn relieved support from the country's previously negative business community. The budget, delivered to Parliament yesterday,
      667 words
  • Page 9 Advertisements
    • 251 9 r "Tv,.- '7« 'I I v'r- v Y is Life is a journey filled with decisions to be made. But while decision-making is an art that can never truly be learned, the best ones are often made when all the facts are known. And the E-Class does come with some
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  • Page 10 Advertisements
    • 3002 10 I JSk HONG LEONG FINANCE LIMITED V I anc ts Subsidiaries I I (Incorporated in the Republic of Singapore) I I BALANCE SHEETS AS AT 31 DECEMBER 1997 I ■I The Qroup The Company Th* Group The Company H Note 1997 1996 1997 1996 Not« 1897 1996 1997 1996 H
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  • Page 11 Advertisements
    • 2757 11 I ,f#!h HONG LEONG FINANCE LIMITED I I and its Subsidiaries I I n||||||P' (Incorporated in the Republic of Singapore) I I wM v I II 12. FIXED ASSETS 12. FIXED ASSETS (cont'd) OTHER DEBTORS. DEPOSITS AND PREPAYMENTS I Cost/Valuation Book Valuj The Group The Company I I At Aland
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  • Page 12 Advertisements
    • 3184 12 I FINANCE LIMITED j I (i and its Subsidiaries I I (Incorporated in the Republic of Singapore) I BALANCE SHEETS AS AT 31 DECEMBER 1997 jl I The Group Tho Company Th# Grou P Th# Company H Note 1997 1996 1997 1996 Not* 1997 1996 1997 1996 $'000 000 $'000
      3,184 words

  • THE WORLD
    • 557 13 WASHINGTON Higher healthcare, housing costs point to inflation picking np later this year Bloomberg, AFX US consumer prices rose in April at their fastest pace in six months, led by gains in the costs of healthcare and housing a sign inflation could pick
      Bloomberg,; AFX  -  557 words
    • 339 13 Software giant to postpone shipment of Windows 98 Reuters, AFP [WASHINGTON] The US Justice Department and a coalition of state attorneys-gener-al reached an agreement yesterday with Microsoft to continue talks over the next several days, during which the company will
      Reuters,; AFP  -  339 words
    • 213 13 WASHINGTON Bat bill for mergers of banks, insurance, equity firms unlikely to become law AFP A BILL that would allow US banks, securities firms and insurance companies to merge won narrow passage in the House of Representatives but its chances of
      AFP  -  213 words
  • Page 13 Advertisements
    • 1319 13 J MMfe Guess who already has the upper hand? A -ood first impression and a shirt uo hand in hand. A well-tailored shirt. tor instance, should reve.il a entt ]iist one-halt null beneath the sleeve ot vour suit CYC's tailors will be most to show von what makes a threat
      1,319 words

  • EDITORIAL & OPINION
    • 750 14  -  BOTTOMLZME OPINION By Anisha Sabhlok The writer, an economist, is a freelance writer based in Singapore SOME have viewed Asia's crisis as marking the dawn of a new era of "ideological colonialism". Others see it as a conspiracy. Yet others feel that discussing
      750 words
    • 124 14 'It is not 1992 all over again. The economic conditions today are different and the structure of foreign exchange is different. Sterling is not going to collapse.' John McCarthy senior vice-president of ING Barings Capital Markets in New York, as George Soros, the man who broke the
      124 words
    • 1124 14  -  As Microsoft fights anti-trust case, other US firms with dominant market shares watch closely By Eric Ellis The writer is a San Francisco-based journalist who contributes to BT in San Francisco A VISITOR doesn't have to be in the United States long these days to hear
      FILE PHOTO  -  1,124 words
    • 583 14  -  By] Robert Reno The writer is a Newsday columnist LAT-WP THE United States unemployment rate fell to 4.3 per cent in April, its lowest level since the second year of the Nixon administration. For the same month, our friends in Canada
      LAT-WP; FILE PHOTO  -  583 words
    • 804 14 Student death* a tragedy THE death of four students at the hands of unidentified gunmen during a demonstration at Trisakti University in West Jakarta on Tuesday is a national tragedy. Those who sprayed bullets on the mass of innocent and unarmed young people deserve world condemnation.
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  • Page 14 Miscellaneous
    • 63 14 DOONESBURY By Garry Trudeau I PONT THINK SO, SAM. TUB UNFOmJNAWU, TH&G APSNT QONPfflONSARBNT RIGHT- TO ANY L£FT. UHAT tUE NB6V G MSU. zonkbr.POXDU hav3ACOUNTBRCUUTUR£.YOU soMeCNZwrrh CHOUGH MORAL iHf UKSJOZ THINK m JI THINK THAT ON£ OAY HAV5 TO HA\fc INTACT INSTI- AUTHORITY TO 0UU? TH5M PIMPG&O- f H5VTAKB J
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  • Page 15 Advertisements
    • 506 15 Buy It. Sell It. Find It. Classified. f& CATS. Call Today For Results Tomorrow. 1800-*****66 —j-vw» m *11* Where to wine, dine and entertain intemationaT p ersona j Accident Insurance worldwide. 290 4545 I /mn m n What better way to celebrate a great week than Sunday Brunch at The
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    • 92 15 —di l DISCOVER THE NEW LOOK PINE COURT CHINESE RESTAURANT U7HFPF DINING IS TKULV A ftFAIITIFIII. RKPF.RIENCE For reservations please call 131 6Mt SSI ttM 553 Orchard Road CHINESE Singapore 23M67 RFSTAURANT Tel: 757 4411 vj<nn Chinese R€s4-«ur<nhf's K«y <,e<*.soo<A <>pecunl TUroujUouf M«y f?, enjoy M<*sVer CUef Ye's -Pinesf se<*foo«A
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  • Page 15 Miscellaneous
    • 759 15 TV&RADIO 12 by Desperate Trail. 2.00 MTV's Mandarin Top 5.00 News 5 Today followed 20 Countdown. PM TV Innovations. by Batman: The Ani- 3.30 China s Rarities. 4.00 Kidz Blitz: Classic mated Series. 4.00 TV Innovations. Speed Racer. 5> 30 R ea j Adventures of L Qfe 4.30 DrXargle. Jonny
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    • 300 15 CRYPTIC CROSSWORD ACROSS 1 One-time player such a de- 1 r 3 r I P 7 8 manding guy! (7) hJ Lb mJ—H UJ L| 5 Get the small child more suit- able reading-matter (7) 9 The shifty grandee caused exasperation hM" ~■Bf~ 10 Calling for the waterproofing 11 It
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  • EXECUTIVE LIFESTYLE
    • 673 16  -  Spink's latest exhibition focuses on the iconography of Boddhisattvas, reports siak jay SIAN JAY POLLOWING its successful exhibition The Path to Enlightenment, held in May last year, Spink Singapore has decided to highlight another aspect of Buddhism in The Sacred and The Celestial, this time focusing on
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    • 798 16 THEATRE Traditional theatre of Kabuki is taking steps to make itself more accessible Reuters (TOKYO] Japan's traditional theatre of Kabuki is moving in directions Manjirou Ichimura's ancestors could have only imagined. From productions for mainly non-Japanese-speak-ing audiences to live performances on the
      Reuters  -  798 words
  • Page 16 Advertisements
    • 141 16 m A Scene of Balinese Paradise I H Auction of South East Asian Paintings May 16, 1998 at 10:30 am H The Regent Singapore I I Sotheby's spring sale of Exhibition: For more information or Sotheby's South East Asian paintings May 14-15, to purchase an auction 1 Cuscaden Road |H|
      141 words
    • 630 16 tiftSNotlCeS To advertise call toU-free 1800-*****83 i t HARIMAU INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Fifth Annual General Meeting of the Company will be held at 65 Chulia Street 50" Storey, Committee Room, OCBC Centre, Singapore *****3
      630 words

  • COMPANIES & MARKETS
    • 683 17  -  SES panel in talks ahead of Aug launch ofMSClS'pore futures contract /{e/)orts bt/t Catherine Ong [SINGAPORE] The Singapore International Monetary Exchange (Simex) and the Stock Exchange of Singapore (SES) have locked horns on the terms under which SES members are to be
      FILE PHOTO  -  683 words
    • 246 17 Activities include futures trading, fund management [SINGAPORE) The Stock Exchange of Singapore is expected to amend existing rules to allow member firms to engage in other activities including trading of financial futures, fund management and corporate finance. Currently,
      246 words
    • 425 17 MEMBERS of the Singapore International Monetary Exchange are likely to demand reciprocal rights to trade in stocks and shares if the futures exchange opens its market to stockbrokers, industry sources said. Although the Simex executive council has announced that it would allow SES member
      425 words
    • 679 17  -  HOCK LOCK SIEW Ruth Wong JUST one month ago, the outlook for Malaysia's largest telephone company, Telekom Malaysia Bhd, looked positive. The thorny issue of equal access had been somewhat smoothened with indications from the Malaysian government that the company would
      679 words
    • 425 17  -  Option kicks in when shareholding of Nava Finance changes From Harish Mehta in Ibmykok SINGAPORE LISTED regional brokerage, Vickers Ballas, will soon raise its stake in Thailand's Nava Securities to 51 per cent under a new deal struck two weeks ago
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    • SINGAPORE & MALAYSIAN COMPANIES
      • 356 18  -  Move could shelter group results from any sharp drop in developer's earnings By. Diana Oon [SINGAPORE] Sembawang Corporation has sold 4.5 million shares in First Capital Corporation, a move that could cushion its results against any sharp earnings deterioration from the property developer.
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      • 299 18  -  Focus on cashflow helped precision optics Arm cut debt llij, Abdul Hadhi [SINGAPORE] Precision op tics specialist Avimo Group yesterday posted a 62 per cent Jump in group net earnings to $7.29 million at half-time. For the six months ended
        299 words
      • 151 18 [SYDNEY] Singapore entrepreneur Kua Phek Long has sold the Dreamworld theme park in Queensland for A 5100.3 million (*****.8 million) to the Leisure Wide Property Trust which is about to list on the Australian Stock Exchange. Leisure Wide announced the terms of the purchase yes-
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      • 365 18 Airline expected to post net profit in $985m-sl.lb range AFP [SINGAPORE] Singapore Airlines will make a decision on key purchases of superlong range jetliners today, when it is expected to announce slightly better earnings for the year to March 1998. "The board is
        AFP  -  365 words
      • 349 18  -  fiy i Louis Beckerling [SINGAPORE] Venture fund Transpac Industrial Holdings yesterday appealed to shareholders for "more time" to nurse their loss-making investment portfolio back into the black. So said one of the shareholders who attended the company's annual general meeting, Patrick Chia. Repeated attempts
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      • COMPANY Briefs
        • 126 18 [SINGAPORE] A GPE Industries associate company has found a new Chinese partner for its auto harness plant in Shanghai and the new shareholder will be taking up a half stake in the company. GPE said Shanghai Dong Chang Enterprises (Group) Corp will subscribe
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        • 66 18 [SINGAPORE] Parkway Holdings said it has sold its holdings in the Parkway Airport Systems Limited Partnerships (PASP) for U5526.7 million (Ss44 million). Parkway will receive about US$lO.5 million which represents the repayment of capital, loans and interest as its share of the net
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        • 42 18 AFX-Asia [KUALA LUMPUR] Ekran Bhd said a proposal to dispose its 32.82 per cent stake in Wembley Industries Holdings Bhd to Tiong King Sing for 284.5 million Malaysian ringgit (Ssl22 million) has been called off. —AFXAsia
          AFX-Asia  -  42 words
        • 62 18 Bloomberg [KUALA LUMPUR] Telekom Malaysia will buy 43.8 per cent of Mobikom for 182.7 million Malaysian ringgit (5578.3 million), making the cellular phone company Telekom's wholly-owned subsidiary. "Our intention with Mobikom is to give it a greater focus." said Telekom chief executive officer Mohamed
          Bloomberg  -  62 words
        • 64 18 Reuters [KUALA LUMPUR] Faber Group plans to sell all its eight hotel properties in Malaysia, Vietnam and South Africa, said Jones Lang Wootton agent for the deal said in a document to prospective buyers. Bids for the seven Sheraton hotels in Malaysia and
          Reuters  -  64 words
        • 79 18 AFP [JAKARTA] PT Citra Marga, a toll road company controlled by the daughter of President Suharto, reported a 6 per cent fall in 1997 earnings to 116.1 billion rupiah (Ssl7 million). Earnings per share fell from 124 rupiah to 84 rupiah. Total sales rose 25
          AFP  -  79 words
    • COMPANIES
      • 419 19  -  Move in line with central bank's push for transparency; RMl45m net in Q3 From Ruth Wong in Kuala Lumpur MALAYAN Banking yesterday reported quarterly results for the first time, in line with the central bank's push for greater transparency in the banking
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      • 368 19 German automaker's stake might reach as much as 60% Bloomberg [TOKYO] Daimler-Benz AG will buy a majority stake, of as much as 60 per cent, in Nissan Diesel Motor Co, making it the first Japanese automaker to become a subsidiary of
        Bloomberg  -  368 words
      • 245 19  -  From, Eddie Toh in Kuala Lumpur PROMINENT businessman Wan Azmi Wan Hamzah has sold a big chunk of shares in his listed vehicle Land General despite having painted a bullish outlook in the company's latest annual report. The property company's chairman sold 12.14
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      • 391 19  -  ny\ Meera Tharmaratnam in KuaUl Lumpur ARAB-Malaysian Corporation (Amcorp) Bhd, the substantial shareholder of financial services company AMMB Holdings, yesterday confirmed it has made "preliminary contacts" with potential institutional investors for disposing its 43.5 per cent stake in AMMB. But the company, in
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      • 163 19 AFX-Asia [SINGAPORE] Nat Steel Ltd shares fell as much as 11 per cent before recovering some of the ground lost yesterday on rising interest rates and prospects of higher provisions for regional exposure, dealers said. The steelmaker closed 14 cents down to $1.80 after falling
        AFX-Asia  -  163 words
      • 180 19 [SINGAPORE] Cigarette producer Rothmans Industries yesterday posted an 8.2 per cent rise in group net earnings to $55.95 million for the year ended March 31,1998. Broking analysts were almost spot on. Their consensus forecast in The Estimate Directory was $56.2 million. The closest
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    • FINANCE & COMMODITIES
      • 470 20  -  This is in view of the current financial meltdown Siow Li Sen [SINGAPORE] Banks can expect the taxman to be more liberal on tax deductions for specific provisions in view of the current financial meltdown. An Inland Revenue Authority of Singapore official said
        470 words
      • 386 20  -  Excess supply could cap bullion price rallies, say analysts From Neil Behrmann in London THE amount of gold borrowed in global markets has surged more than four times to 4,000 tonnes in the past decade, but growth is expected to slacken in the next few
        386 words
      • 262 20 (SINGAPORE] The Abu Dhabi National Oil Company (Adnoc) has teamed up with Borealis, a key European polyolefins producer, to form a US$l billion (Ssl.6 billion) joint venture to be headquartered in Singapore. The new company, called Borouge Pte Ltd, will carry out a petrochemicals
        262 words
      • 231 20 Bloomberg [TOKYO] Nomura Asset Capital Corp has acquired a 35 per cent stake in Hardage Suite Hotels LLC for US$Bl.5 million (Ssl3s million), the US subsidiary of Nomura Securities said. Nomura Asset will provide U*****.5 million in financing to Hardage
        Bloomberg  -  231 words
      • 190 20 SORE&Report Reuters [SINGAPORE) Simex Euroyen and Japanese government bond (JGB) futures extended their slide yesterday, taking a respite from their recent rallies. "Yesterday the Euroyen eased off in the afternoon session. I think it's just having another correction so far. We still see further upside but
        Reuters  -  190 words
      • 171 20 MSCI TAIWAN FUTURES [SINGAPORE] THE Simex MSCI Taiwan Stock Index futures contract tumbled for the third day as the riots in Jakarta reminded investors that financial crisis across Asia may not be over anytime soon. The May 98 contract finished down minus 0.8 point
        171 words
      • 257 20 ENERGY REPORT Reuters [LONDON] IPE Brent stayed in the negative yesterday after earlier erratic trades ahead of June's expiry calmed down levels, brokers said. At 1155 GMT, June was down 12 cents at U5514.56 and July was off 10 cents at U5514.45. Brokers said
        Reuters  -  257 words
      • 276 20 AFP. Bloomberg London THE dollar fell against the deutsche mark as a surge in the German currency against the yen boosted it against the dollar as well. Escalating political and economic turmoil in Indonesia took the mark higher against the yen than the dollar rose against the yen,
        AFP.; Bloomberg  -  276 words
      • Article, Illustration
        1225 20 DtTBRBAlfR CROSS RATES May 14 ktr el !■>. ecu rrr mks r- ww m fw s> tn «r im w n— Ml Austria 0.909 6.T78 0.565 3.732 VIM 4.856 25.04 60.967 0.041 8.902 2.406 1.T76 27.695 24.910 1036 3.186 0.925 20.942 24.333 OJK 0427 Cwada 1.100 5.728 0.622 4.106 1.225
        1,225 words
    • 1719 21 SICOM nrroiEs May 14 RUS8CR (Mvts ctosing «s at S JOpn) RSS 1 CONTRACTS cMts/kQ) CIom Votame Open Month Hjqft Low Sett (tonnei) Interest Jun 98 125.50 200 800 Jul 98 125.00 350 1915 Am 98 125.50 150 2715 Sep 98 127.25 *15 Oct/Dcc 98 ***** 4650 Jan/Mar
      1,719 words
    • 2278 21 tOHQOH Industrials Hit 14 Ngt *h 31 Group 617.000 -13.000 AB Ports 366.000 -6.000 Abbey National 1087.500 -19.500 Allied Domecq 625.400 2.000 Amec 180.000 0.600 Asda Group 188.200 -2.000 BAT Ind 585.000 -9.000 BG Pic 334.200 2.800 BICC 166.000 -2.000 BOC Group 966.000 -11.000 BR Petroleum 968.400
      2,278 words
    • 1631 21 Bloomberg Q Nikkei,22s -3U2 JAPANESE stocks traded mixed as anxiety about Indonesia prompted selling of Nikkei 225 futures contracts. Public and corporate pension funds bought issues insulated from Asian turmoil such as software maker NTT Data Corp, broadcasters and railways. The crisis in Indonesia intensified with rioting, looting and
      Bloomberg  -  1,631 words
    • Article, Illustration
      717 22 AFXAsia rI Composite Index +L 64 SHARE prices closed slightly higher on late profit-taking in government counters, pushing down early gains after President Suharto said he will not use force to keep himself in power, dealers said. They said the broader market was very cautious and trading activity was
      AFX- Asia  -  717 words
    • Article, Illustration
      1541 22 Reuters QHm|Sct| ♦***** STOCKS swung back from heavy losses yesterday to finish with solid gains after concerns about violence in Indonesia drove the market down to oversold levels, prompting a bounce in prices. The Hang Seng Index ended up 122.66 points, or 1.30 per cent, at 9,591.95 after bouncing
      Reuters  -  1,541 words
    • Article, Illustration
      596 22 Reuters n Shenzhen B Index +015 CHINA'S hard currency B shares closed mixed yesterday as foreign investors sold on weakness in regional markets but domestic players bought on positive remarks by a top securities official. Shanghai's B Share Index ended down 0.32 point, or 0.67 per cent, to 47.19
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  596 words
    • 349 22 AFP □WPlndn -MO TAIWAN stocks slipped 0.1 per cent yesterday in thin trading as investors took to the sidelines, dealers said. The Weighted Price Index dropped 9.40 points to 8,193.50, following a 0.9 per cent drop the previous session. "A sense of wait-and-see attitude was prevailing in the market,"
      AFP  -  349 words
    • 269 22 AFP Q Wellington ♦7.64 THE country's budget made little difference to the stock market with the NZSE-40 Index closing up 7.64 points to 2,236.33. Turnover was worth NZ$B3.4 million. "The budget largely gave what was expected The impact was minimal." Merrill Lynch's Tim Roller said. May M B$ <0001
      AFP  -  269 words
    • Article, Illustration
      795 22 AFP □SET late -11 THAI share prices ended slightly lower yesterday on concerns over unrest in Indonesia and lingering questions on recapitalisation efforts in the ailing finance sector, analysts said. "The market is still moving on the same factors including the latest trouble in the financial sector and regional
      AFP  -  795 words
    • 424 22 AFP Composite Index +&36 SHARE prices Thursday closed 1.8 per cent higher on the Korea Stock Exchange in a technical rebound after recent sharp losses, dealers said. "Today's rise is a followup from yesterday's gains. This is simply a technical rebound after recent steep looses," said a dealer at
      AFP  -  424 words
    • 302 22 AFP n Manila -33.87 PHILIPPINE share prices fell 1.6 per cent yesterday on fears the political unrest in Indonesia could spark renewed problems for Asian currencies, brokers said. The Philippine Stock Exchange Composite Index fell 33.67 points to 2,130. Volume rose to 428.6 million shares worth 961.51 million pesos.—AFP
      AFP  -  302 words
    • 589 22 AFP nAflOrdimrieg -143 AUSTRALIAN share prices fell 0.5 per cent yesterday amid concerns over a possible worsening of the Asian crisis, brokers said. The All Ordinaries Index closed 14.3 points lower at 2,759.4. National turnover totalled 319.6 million shares worth A 5972 million. The All Industrials Index lost 13.4
      AFP  -  589 words
    • KUALA LUMPUR STOCK MARKET
      • 8820 23 INDUSTRIALS Consumer products 1998 Last Vol Day Net Cap Hlfh Lm Cam#any Salt 'OBO HlgH lw W S m 310 180 Ajinomoto 222 122 90.0 148 65 Anqkasa 65 -0.5 87 67 65 1.5 95.8 290 123 Apollo Food Hlq 165 5 2 165 165 4 8 66 0 388
        8,820 words
      • 430 23 AFP Composite Index +12.17 MALAYSIA'S key stock index rose 2.2 per cent yesterday due to a technical rebound after several days of decline, shaking off a brief bout of panic selling on Indonesian unrest. "It is only a technical rebound. The bourse had declined badly
        AFP  -  430 words
    • WARRANTS & OPTIONS
      • 187 24  -  WARRANT WATCH -By] R Sivanithy AS violence escalates in Indonesia, the situation for Indonesian-linked stocks listed here is getting desperate. If one were to list the worst performing stocks over the past six months, there's no doubt that companies with significant Indonesian exposure
        187 words
      • 3805 24 BONOS, LOANS WARRANTS wt 1998 Last Vol Day Last Ouota Avg High Low Stno Company Sal* *or- COOO) High Low Buyor Sailor Price 23.5 9 m 3000 m AMDB C5.5H*****6 12.5 20 5 8 3160 *Acer ******1USS 10 H.5 8 10 9 9 10 95 8 5 3164 Aetna ******4
        3,805 words
    • 2479 24 Transaction date May 14 MALAYSIAN STOCKS Or Or 1998 Last Vol Day Last Ouote Dly Otv VM Nat M Cap Hlqh Loo Stno Company Sat* COOO) Htqh Lam Buyer Seller C'yr Pit Jm* 135 28 m$ 5000 AISB 50c 51.5 *2 158 53 48.5 51.5 52 5.0 3.3
      2,479 words
    • 6827 25 Transaction date: May 14 j Gr Cr Mm 1998 Last Vol Day Last Oueta Div Dlv VI* Nat Cap A»g HHIl Law StNo Cmn Sate COOO» High Low Buyer «—r C'yt >/l gg Price INDUSTRIALS 43 16.5 1020 ACE Dynamic s60c. 20.5 »0.5 176
      6,827 words
    • 1260 25 Gr Cr M Wt 1998 lilt Ve4 Day Lift Ouot* Dtv 01* VM Nat Cap Ayq High Law StNe Company Saia < 000) Hlqh Lao Buyer Sallar C'w Pit Sm* Price 134 83 a 2000 ABR Hldqs 5c 85 uoch I 85 85 85 89 41.5 85 243 76
      1,260 words
    • STOCK EXCHANGE OF SINGAPORE
      • 221 26 nnEMSEa^^mz Stacks Volume SingTel 15c 13,315.000 ST Engg 10c 8.824.000 Keppel Corp 7.302,000 *RHB Cap Wt99 7,295.000 •M Resources 6.820,000 Wing Tai 25c 6,737,000 HK Land USIOc 6.072,000 *Refcapacific BJ> 5,935.000 OCBC Foreign 4,196,000 DBS Land 3,816,000 Stacks S SPH 42.777,035 SingTel 15c 32.820.122 SIA Foreign 31,384,987 DBS Foreign 30,198,023
        221 words
      • Article, Illustration
        58 26  -  -by' Ven Sreenivasan WING Tai Holdings lost 7 cents to $1.01 on a volume of 6.7 million yesterday. The technicals indicate that the counter is now deep in oversold territory after trending down for the past 10 weeks. However, a positive price trend in the weeks ahead will
        58 words
      • 704 26  -  STOCK MARKET COMMENTARY But short-covering and technical rebound help market to close off lows; focus is again on blue chips By R Sivanithy [SINGAPORE) The local stock market remained under fire yesterday from hedge funds and institutional sellers following the loss of
        Chart info from Bridge  -  704 words
      • ON THE GRAPEVINE
        • 142 26 BAIN Co consultant Simon Pillar believes that Singapore is the best place to develop a world-class service organisation and it's easy to convince people to live here. "Although there is a certain exotica in some of the other capitals of Asean. when push comes to
          142 words
        • 79 26 THE head of a US-based brokerage said he now regularly bumps into his competitors in Bangkok and its Don Muang airport instead of in Jakarta. It seems that Thailand is the latest "hot" spot. Many bankers are in Bangkok performing due diligence on companies, or trying to
          79 words
        • 107 26 IF YOU hadn't already noticed, Motorola has just embarked on a new marketing campaign. Called "Wings", it plays on the company's logo and the freedom of flight. What you might not know, though, is that Motorola has set aside US$lOO million (Ssl6s million) for the corporate
          107 words
        • 22 26 HEARD on BBC Radio. Interviewer: So what does winning Britain's Most Avant-Garde Hairdresser make you? Interviewee: Britain's Most Avant-Garde Hairdresser.
          22 words
        • 61 26 VISITORS attending yesterday morning's Singapore ONE "Fast Track ONE Developers' Seminar" had their view of the projection screen impaired by the large video camera blocking the information displayed on-screen. Perhaps it might have been a better idea to stay home and catch the webcast' in one's
          61 words
        • 103 26 HONGKONG'S queen of cakes Maria Lee Tsang Chiu-kwan was going to be crowned Leading World Entrepreneur but it was not to be her Maria's Bakery Chain collapsed just before the prize presentation ceremony in Britain last month. The annual award is organised by a US-based
          103 words
  • Page 17 Advertisements
    • 30 17 FUTUIIISTIC INItRPIttTAIION 0F A IcGEIID IN MODERN DESIGN M: |)S JSJfe IttMfeMl Wtii H M ">it CWM JJ 1 tk. H.4i U W" NjoUik Wjl.h l\f\f ly Aljt J www.movado.com
      30 words

  • Page 18 Advertisements
    • 798 18 t (Incorporated in the Republic of Singapore) FINANCIAL STATEMENT AND DIVIDEND ANNOUNCEMENT The Board of Directors is pleased to announce the following audited results of the Group and the Company for the year ended 31 March 1998: PROFIT LOSS STATEMENT THE GROUP THE COMPANY 1998 1997 OR 1998 1997 OR
      798 words
    • 166 18 STOCK-f.T .F.AR ANC.F. ■SAI.F. PAZYKYK Carpels will be having Stock-Clearance Sale from Bth of May till Btb of June '98. We are offering a wide range of quality Persian and Caucasian Carpets, Rugs, Gabeh, Kilims and Runners which are specially imported to Singapore to meet the rising demand, with attractive
      166 words


  • Page 20 Advertisements
    • 66 20 MADE IN GERMANY SINCE 1842 U The Offtrmann restrained elegance. This superior case performance due its strength, layout and lightweight construction. Matt-black combination locks ensure easy use and high security. A special additional feature Shirt Bag, models, hiding your personal Hems. Tanglin #01-03 Orchard Parade Hotel Singapore *****5 Tel: 1700
      66 words
    • 7 20 Oerwce&J@j*ocluct& The Classified Classifications 201-266 k r>
      7 words




  • Page 24 Advertisements
    • 38 24 ifference uSrt^S^d wtei^y^)CK^h/^NC^TS{KTHvI^*TT>iAL) UMfTH)I L 391 A Orchard Road Ngee Ann City #17-06 Singapore *****3 Available at: DICKSON WATCH JEWELLERY: The Promenade. Centrepoint. Suntec City HERMES BOUTIQUE: Liat Tower. Daimaru. Takashtmaya. Also available at all leading authorised dealers
      38 words

  • Page 25 Advertisements
    • 39 25 Id like to place ail buyer J I love this car J i Vroo m Classified. J Buying or selling through J I vroom... The Straits Times Classified is child's day. '"fef J 1 Call CAT.S. at 1800-737-1166.® 5
      39 words

  • Page 26 Advertisements
    • 1164 26 BUSINESS NotfCeS To advertise call toll-free 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CALLAGHAN PUBLISHING PTE LTD (In Members' Voluntary Liquidation) Extract ol the Minutes of an Extraordinary General Meeting of the members of CALLAGHAN PUBLISHING PTE LTD held at 8
      1,164 words
    • 377 26 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF SAFETY HI-TECH (S) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that pursuant to Section 308(2) of the Companies Act. Cap. 50. a Final Meeting of members of the abovenamed company will be held
      377 words
    • 402 26 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF TLB BULLION A FUTURES PTE LTD (In Mam bars' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordrvary General Meeting of the members of the abovenamed Company duly convened and held at 138 Robnson Road #10-00. Hong
      402 words
    • 634 26 THE STRAU S TIMES CLASSIFIED I YOUR GUIDE TO MORE PRODUCTS SERVICES |j£[ IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SALTEC INVESTMENT LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 290(2)(b)| At an Extraordinary General Meeting ot
      634 words

  • SHIPPING TIMES
    • 319 27 Bridge News, Reuters THE EAST was the more active area for Panamax tonnage with an increase in new business leaving some tentatively suggesting rates could firm just a little. Selling pressure was evident in late trade as support levels were once again challenged, CIS said in its daily
      Bridge News,; Reuters  -  319 words
    • 291 27 SU '000 S> W CWT Distribution 0.58 +0.06 136 Chuan Hup 0.445 -0.015 133 Cosco Invastmant._ 0.75 *0.04 43 FrtlgMUnks 0.275 -0.005 138 GB Holdings 0.295 -0.005 16 Hal Sun Hup 0.555 *0.035 310 Hitachi Zosan 0.69 *0.015 439 IMC Holdings HK 5.60 Jay* Holdings 0.42 -0.01S 14
      291 words
    • 385 27  -  They are Nhava Sheva, Mormugao, Visakhapatnam, New Mangalore and Tuticorin From Rajendra Bajpai in New Delhi THE Indian government is looking at setting up free ports in five different parts of the country, with each port specialising in a separate field.
      385 words
    • 314 27  -  From Alec Almazan in Manila THE United States Merchant Marine Academy (USMMA) has agreed to help establish a maritime academy in the Philippines. The academy is a project of the Associated Marine Officers and Seamen's Union of the Philippines (AMOSUP). The
      314 words
    • 151 27 AFP [LUCENA, Philippines] Eleven people drowned and three others were missing after two boat accidents in the Philippines, police and government television reported yesterday. An outrigger boat with 64 aboard capsized in shallow waters near the island of Polillo, east of Manila
      AFP  -  151 words
    • 472 27  -  By\ Marcus Hand [SINGAPORE] Mutual insurer the UK P&I Club has seen a major decline in the number of claims above US$lOO,OOO (*****,000) for tankers since 1990. Until 1990 tankers made above average claims in comparison with the Club's
      FILE PHOTO  -  472 words
    • 757 27  -  ADMIRALTY CASEBOOK Ry\ Selva Kumar CANBERRA'S Marine Incident Investigation Unit (MIIU) has pointed out a worrying trend among masters of vessels who consciously violate navigation safety requirements so that sailors can be deployed for other routine work. According to the MIIU, such breaches by
      757 words
    • 255 27 Slowdown in newboilding orders due to Asian economic crisis likely to be reversed Reuters [LONDON] Clarkson Research Studies said orders for new tankers may pick up this year, driven by the strong tanker market and falling new ship prices. The London shipbroker said
      Reuters  -  255 words
    • 951 28  -  STRAIT OF ISTANBUL Potential for disaster along the strategic waterway winding through Istanbul worries Turkey's authorities By: Marcus Hand [SINGAPORE] IMAGINE that every day, over 150 ships, many carrying highly flammable and explosive cargoes such as oil and dangerous chemicals, pass just 50 metres from your
      951 words
    • 363 28 PACE ESP Lines 14 A CL 9 Ethiopian 6 «M. 3 6 Accord 8 M Ahrenkiel M FoongSun 8 Appenship 5 frot 15 AsiaOCL 15 FrtLinks 16 Astro 3 GLinh 4 Austral 9 Gemartrans 8 Avant 16 Genshpg 9 B'tang Mas 8 Glory
      363 words
    • 13892 36 thebusinesstimes THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vk»i Voyege Telephone ETA ETA Advertiser Vessel T l n SIN Destn Nemo Name Number Number SIN Dest n Name Neme Number umber 17/05 07/0* DSEN HANJIN LONG BEACM W0823 45-434a*> A 19/09 W/04 Cho Yanq HJ BARCELONA 0*1*1 (3-*****12 To ABIDJAN
      13,892 words
    • SHIPS IN PORT
      • 923 43 Vessel Voy No B«rth Arrival Departure Janaf Nrt Satuwin 007 JOT alongside 1605/1200 It Atru* MAY14 J01 Alongside 14 05/2359 MI PutrA MA 114 J01 Alongside 15 05/0100 It lerun 3*ay98 J01 Alongside 14.05/2)00 R Golden *****1 J01 alongside 14 05/1800 It Harecian 2 *****1 J0I alongside 14
        923 words
      • 1866 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklng/fUlince Rstls Ship Voy No Etb/Btr Period From To From *c, cionf 040* 17/1500 W 14/1500 M/1451 M/NM N M/1500 M/1451 M/IM0 2A M/1700 15/0459 15/0*00 21 14/1700 15/0451 15/0*0 3 15/0700 15/1151 IS/MM 4 15/1200 15/1451 IS/1700 2 8150*
        1,866 words
      • 191 43 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
      • 922 43 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars Instead of single prices for a more comprehensive description of the market Prices shown are based on average-sized stem Market movements are Indicated The Cockett Bunker Price Index change and the individual
        922 words
      • 376 43 Crton 180 Mai 992.2 0.9 18.0 0.11 123 0.06 km u (Waijt* Witftr imUm itk Aluminium Minwrt 1o aoovt £25 10 8 222 2=2 MO AM 986.4 0.2 16.4 0.06 30 0.03 t 380 Mai 992.9 2.0 19.6 0.16 72 0.08 M/iri IN M/M WW »wtf<
        376 words
    • AIR & LAND TRANSPORT NEWS
      • 526 44  -  Aircraft will enable carrier to reap benefits of S'pore-US open skies accord By) Felix Chan [SINGAPORE] Singapore Airlines (SIA) will decide today on the purchase of up to 10 ultra long range Airbus Industrie A340-500S, potentially
        526 words
      • 65 44 [AUCKLAND] Peter Carleton, general manager of a Toyota dealership in Auckland, holds up a sale sign as he sits in a new Toyota RA V 4 vehicle in his showroom yesterday. The price of imported cars will drop between 6 and 9 per cent
        REUTERS  -  65 words
      • 499 44 Bloomberg [WASHINGTON] The European Union may be overstepping its authority by trying to rein in international airline alliances, said a top official of Deutsche Lufthansa AG. "We believe the EU is exceeding its mandate and will, if necessary, take legal action to
        Bloomberg  -  499 words
      • 113 44 Bloomberg [AUCKLAND] Air New Zealand Ltd said it will sell five Boeing 747-200 aircraft to Virgin Atlantic Airways Ltd for US$l3O million (*****.9 million), including engines and spare parts. The aircraft will be delivered to Virgin over two years, with the first delivery
        Bloomberg  -  113 words
      • 454 44 One Japan airline says it does not have enongh spare parts for non-urgent jets Bloomberg [SEATTLE] Boeing Co said it is meeting the demand for replacement parts for its 737 aircraft as one airline said it was not able to get enough parts
        Bloomberg  -  454 words
      • 342 44 Bloomberg [WASHINGTON] Federal aviation regulators will adopt a new approach to inspecting US airlines that is aimed at identifying safety problems before they occur, officials said. The system is part of a wider, government-industry plan to reduce commercial aviation accidents by 80
        Bloomberg  -  342 words
      • 1835 44 CITY FLIGHT ETA FLIGHT CTD sow mo vmo ows Adalaida SO230 1910 Guamxhoa PK S0803 1905 C2354 0910 C2351 204S S0804 1020 Amstardan SO327 0755 KL844 0040 (> S"-^-*1837 1455 GA974 2005 HalkonPtC L CZ30M 1030 RL838 2300 HmoI VN741 1310 VN742 0905 SO328 2320 WT740
        1,835 words
  • Page 27 Advertisements
    • 18 27 Strait of Istanbul: Snaky nightmare for tankers Potential for disaster along strategic waterway worries Turkey's authorities. Page 2
      18 words
    • 170 27 SIA to decide today on order for ultra long range A34os Aircraft will enable carrier to reap benefits of S'pore-US open skies deal. Back Page neuus travels fast IN SINGAPORE. when \mi want to reach out to a select taigei aiulience in i lie I ransporl a nil locivi us
      170 words

  • Page 28 Advertisements
    • 1155 28 I NORTH AMERICA I I EXPORT I I OTHER DESTINATIONS i SSX-SUPER SHUTTLE EXPRESS-DIRECTTO LA [OWECT SERVICE TO WOT COAST SOUTH AHWWCAMIIA AMOW IXMWBS BBMCE WSSR VOT (MSM (TBS* LGt Ml NOU lOK B *nCOOTY jjgjjji IW I ■MBiWUO 11— WWU QUO 00 WW AWOW6ASTA VAIWAISC zzrr: -rrr: i/ST" am
      1,155 words
    • 680 28 Lines A services represented [-101 Mernt>ers Re 9 lS,r y of hii[a,i Singapore FretgW ForwarOers Accreaited Snipping Agents ucUv Association Sngapore Shipping Association NEW ADVERTISER Find out more about their service: r~~~ n NTL Nalgai IVans Line j Turn to Page 7 EXPORT 3 x Japan •2 x Hongkong -1
      680 words

  • Page 29 Advertisements
    • 1075 29 TO EUROPE FROM EUROPE I VESSEL VOY SIN RTM ANR HAM IRV SOU FXT liH VESSEL VOY RTM AMR HAM IRV SOU FXT l£H SIN NOi AGATt 006W 19/ OS 05/04 06/06 09/06 03/06 NOLCYRPM 4178 29/04 25/04 28/04 22 04 16 05 HY ADMIRAL 313W 21/05 13/06 10/06 11/06
      1,075 words
    • 2265 29 (2) HANJIN SHIPPING HANJIN SHIPPING PTE ITO hnp //wm com BOOKING 32*023S 23/ SALES 32*0224 231 OOCUttM 32*0271 274 OKUIiWIS 32*0241 252 MAIN LINE *****55 FAX ******0 CI NO **********0* I to nw usa a canadal usa Canada* fW VSI/VOT IMM| SW UNEHAIA/VOT SET"! TO* 1 OEN POX CHI MSP
      2,265 words

  • Page 30 Advertisements
    • 763 30 DSR-SENATOR LINES NOW ACCEPTING REEFER CARGO TO USA EUROPE FAR EAST PORTS NEWSHIP AGENCIES PTE LTD SINGAPORE TEL: *****0 FAX; *****30 TLX; RS ***** FOR ENQUIRY/BOOKINGS: JENNYIAY CHOOtATHERINE (*****4,4043 PORT KLANG SIN ARAN MAUM SDN BHD TEL; 03-*****88 15 HUNTING LINES) FAX; 03-*****58 FOR ENQLTRVBOOKINGS: MS TAN AI GEOKMS. MARY
      763 words
    • 1409 30 < MY VMNHj internet Web Site http: //wwwymlcomtw atuJuiHf tk-v.- <i e EV»YT>*J»»SQAY/sunoay VESSEL VOY SIN CNR RTM HAM FXT LEH ANR MING SUN ABI9W 16/05 07/06 05/06 04/06 09/06 NORMANDIE BRIDGE JBI9W 17/05 03/06 05/06 06/06 08/06 I MING GALAXY AB2OW 21/05 12/06 10/06 09/06 14/06 RHEIN BRIDGE JB2OW
      1,409 words
    • 451 30 LINE Sy mi *****56 PAXt *****12 MIIARA 1 LABUAN. VKStI VOT ITD FTA VtSSfl VOT fTD ETA SPORE MUARA STOKE UN APRRGIORT VIH/W 14/05 14/05 *«tOOtT VI2I/40 14/05 20/0$ J.PROS«R VI3E/M 20/0$ 23/05 IPWSPB VIM/W 20/05 24/05 AttAGIORY VI3E/M 24/05 29/05 AIWIOORT Vl*/* 24/05 30/05 J.MtOS« VI4I/4I 30/05 02/04 APROSfB
      451 words

  • Page 31 Advertisements
    • 1604 31 VESSEL VQY SIN PGU PKG PEW BLW SUR PUB BA BIK IRAN VAHDAT PJL 1284 21/05 IRAN TAKHTI PJL 1286 28/05 06/08 07/06 IRAN TEYFOURI PJL 1287 05/06 14/06 15/06 IRAN MOBIN PJL 1293 20/06 29/06 30/06 ACCEPTING CONTAINER/BREAK BULK SHIPMENTS TO INLANO POINTS IN IRAN CIS COUNTRIES I.E. A2ARBAIJAN,
      1,604 words
    • 1971 31 SAILING il TO SHANGHAI XINGANG J SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (I/I) I COSTAR SHIPPING PTE LTD #17-08 DIS HOG SALES/BUGS 4205«4i/43 INWARD DIPT (0/0) 4205/8S COSTAR AGENCIES (M) SDN BHD (R NO: **********0 M TOWER TWO (*****9) CONVENTIONAL *****50/SS T/SHPMT DIPT *****2S
      1,971 words
    • 581 31 •I—EASTERN CAR LINER, 02 Ea (SINGAPORE) PTE LTD jSESL 1 SPtOAUZE IN RORO HEAVY LIFT UPTO 122 TONS] ECL (SINGAPORE) PTE LTD LOADING FOR BANGKOK/HONG KONG CHITTAGONG MV "SEKI KOCHI" V.126 MV WH|TE FLO RES" V.7 ETA SIN 15/05/98 ETA BKK 18/05/98 ETA SIN 20/05/98 ETA CTG 26/05/98 ETA HKG
      581 words

  • Page 32 Advertisements
    • 1344 32 EUROPE/UK/SCANOINAVIA/FINLAND/RUSSIA SGP RDM ANW HBG THP ZEE LHW LHV THP ROM ANW HBG PKL SGP E RESULT RW 019 16/05 05/06 10/06 06,06 08,1)6 09/1)6 10/06 E. GROUP RE-058 20/04 22/04 2104 23,04 24/04 IMB 19/05 E DEVOTE RW 001 23/05 12/06 17/06 13/06 15/06 16/06 17/06 E GLAMOUR RE-055
      1,344 words
    • 1011 32 U am MAC-WELS S PORE M'SIA Carrier: MN COMTR LINES, INC I [\r/\~ J cm NO; **********0E SIBU: (064) *****9 MANILA: (632) *****24 V W PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MON: (61) *****3 KUOHNG (062) *****1 -3 MANILA GINOA/BARCILONA/LE
      1,011 words
    • 468 32 m. NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VISSEI VOY I SIN I PUI I PUB I CPT I l/MY NAOTH QUEEN KO77S lt/OS 25/05 29/05 02/06 05/ M WAWIAI DRAGON VOMS 24/05 02/04 06/0* 11/06 NANUI PWtKE YO22S 31/05 14/06 18/06 NANTAI VtNUS V.027S 08/06 17/06 21/06
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  • Page 33 Advertisements
    • 380 33 BSA tk, I mm. MYANMA «BBk FIVE STAR LINE (Myanmor National Line) Loading for Yangon (Rangoon) VISSEL VOY SIN PKG PEN PGU MERG4JI 143W SLD lAGO 102W 15/05 MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES XUL m 02-03-*****00 PKL m 02-03-*****01 KM: m 02-04-2****** PGO: Til 02-07-*****21/4 BANK LINE (A t«rvi<« of
      380 words
    • 1201 33 HYUNDAI I MERCHANT MARINE CO. LTD. ivcsa voy|sou[uh|»tm|aiit|ha»|mv|«iismi TT/M 05/06 06/06 31/05 02?06 NOICYPtM 3101 22/04 29/04 25/04 21/04 16/05 2?S-aTf OMW «/0S 03/06 04/06 06/06 09/06 NOl IOUTI 3021 01/05 02/05 26/04 */M 19/05 s?»i£S?»i ??iw i?/Sc oa/M IJ/06 10/06 11/06 HY BARON 31X 27/04 02/05 29/04 30/04 21/05
      1,201 words
    • 917 33 JHB norwegor specialized outocarnen Qo)3(o]@ mm wmu/vss TO NORTH AND LATIN AMERICA RORO HEAVYUFT SERVICE [VESSEL VOY RAMP HEIGHT SIN LAX CIL MIA SAV DAL 0«F NYC NEW MOO TAMPERE FBlO 400 Tms 6.3 M INPORT 10/ M WO4 2276T 24/06 26/06 2T7OT 20/04 03/07 06/07 TEXAS Fill 400T«w 6.3
      917 words

  • Page 34 Advertisements
    • 682 34 BANOKOK/LAEM CHABANQ JAK AWT A/PA WJA WO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN ANAN BHUM 10SN 16/05 20/05 GURU BHUM' 78S 16/05 19/05 CHANA BHUM 18N 17/05 20/05 20/05 ACX RUBY* 22S 18/05 21/05 ACX JADE 20N 17/05 20/05 21/05 DEJA BHUM 746S 19/05 22/05 21/05
      682 words
    • 428 34 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL: *****88 FAX *****64 TLX: R*****5 SINMER Bill CR No: **********0W Receiving Cargo at PTI Bintulu l 7 Muara vtsstt VOY SIN ||U voy sin mua 8 Beloit WlOtt 17 11/05 23/05 Gold VE9809 17 18/05 73/05 BStio V9Blo€ 77
      428 words
    • 824 34 1 /ICCORD A SHIPPING PTE LTD TEL *****15 (40 Lin*s) FAX *****30 KMUAMC (93)397 1991 mt m DIBICT ACCESS Tfl: *****55 (IXPOBT BOOKING) P4SM GUDAMC (07)351 1377 *****34 (EXPORT DOC), *****39 (IMPOST) KMAMG (94)*****49 OBLiHTTP://WWW. ACCORD.COM.SG WUUtU (31)*****79 POtT ITA SIN ROW ITA SIN POtT ITA $IN POET ETA SIN
      824 words

  • Page 35 Advertisements
    • 400 35 TO EUROPE T BXPWMaSgMt-CONTAiNCWSED SERVICE vtl VOY I HOI |a'OAM/KOAM|HIUBO ME MEN ANTWERP A «agT 21/ m 271)6 OMIT 117 TO AUSTRALIA T PULL OOWTMNm WRWICI VH, |VQY TWfUfTffT INE IYO MB. HIA ADL FBE AM. IMWY von 14W IMB CT« 2Mt »1» DAW <J7» apiememlo vciT r« a« ji«
      400 words
    • 820 35 f PACIFIC INTERNATIONAL UNES (PTE) LTD 1 ««iaßawJg» 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I tfliMiNiff B CR NO **********06 SttTAy njoM wr-j: g. jjL ttfl m jj? fa ffl MflWiiTV 6M ff/i 22C V LiZZLJ I fvKiiL —vor fii hb m ui in m tm m m~
      820 words
    • 863 35 |g^g|g|gHH THnfl I 1 VOY I SIN I JED I MLA LEH HAM THP RTM ZEE VILLE De OEMXA H2BW 21 30/08 04/08 08/08 11AM 12/08 13*18 14AM VMED-OWON Y29H 2MB 04/08 08*08 MW 18/08 17/0> gg 19/06 VHXE 06 MttlOSA V2BW 03/08 12/08 18/06 21/08 23/06 34/06 24/06 2S/08
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  • Page 37 Advertisements
    • 50 37 MB— STEtt~fc Dial 740-6000 Oil OGIII3IIO _Jl# (Retrieve more schedules!) Press "1" Select the port and key in ST«»j the four digit code eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovative service offered by The document will be i SffIPPING TIMES I
      50 words



  • Page 40 Advertisements
    • 897 40 SAMUDERA SHIPPING LINE LTD ■"HP 1 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR N0.**********00 BOOKINGS C LL P'j E CT CHAN 7 SLGS/week [*****223 2 SLG/WEEK I VESSEL TVOY [SIN fjAK [VESSEL VOY SIN PLB MAJOR 002S IN PT
      897 words
    • 630 40 I ENG LEE SHIPPING CO PTE LTD I I ICMA T 3330(75 16 UNII (188 5 3 ***** 5 *****0 I f c» n»-. ntnwooot I VESSEL VOY SIN ETA SIN ETD DESTINATION BuonoAbodi 08/98 17/05 19/05 Peworong/ Buotan/B.Po pan Rosmolowon 08/98 17/05 18/05 Patembonc/Kuoko Tung kol MflfcoPoiol2 10/98 17/05
      630 words
    • 482 40 SIN FAR EAST 22/05 KEELUNG/KAOHSIUNG 18/05 BANGKOK 18/05 MANILA/CEBU 18/05 JAKARTA/BELAWAN/SURABAYA 18/05 PORT KELANG/PENANG/E MALAYSIA 18/05 BUSAN 17/05 TOKYO/YOKO/KOBE/NGO/OSA 17/05 HONG KONG m CHINA 17/05 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIN EUROPE/UK 18/05 LDN/FLX/LVP/SOU R DM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIN USA/CANADA 18/05 LOS ANGELES/NEW YORK all IPI
      482 words
    • 467 40 cccm Singapore Soviet Shipping NuCo. 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
      467 words

  • Page 41 Advertisements
    • 1178 41 i ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE i VESSEL VOY SIN PIR GOA I VIC I LEH ANR FXT I MSCROSSELLA 9818 3 19 MAY 01 JUN 03 JUN OMIT OMIT 09 JUN 10 MSC ALEXA 9819 3 21 MAY 03 JUN 05 JUN 07 JUN 10 JUN 11 JUN
      1,178 words
    • 1705 41 IVESSa/VOVAGE SPORE 1 SOU I RTM HAM 1 LfH j I VESSa/VOYAGE SOU HTM HAM UH S'PORE KORE NAGOYA SHUKUZU 1 TOKYO~ U3? tf?!L OM£D "12*1* 01*6 02.06 06.06 WttGAI9CAI6 1104 20.04 21*4 25.04 12.05 1105 19*5 22.05 21.05 EU«!-T iiSl ?T? li-JJ MYI CASTOR 02EA17 26.04 27.04 29*4 02.05
      1,705 words
    • 108 41 For Booking Please Call Esitee/Zarina: (65) 222 7022 g Dalian Haikou S Fuzhou Shenzhen 7! Guangzhou g Hangzhou Wuhan Huangpu Xiamen Qingdao Zhongshan Kj 4* Xingang OUR NEXT SAILINGS §3 MV. "UNI VALOR V.OIOBDN ETA SIN 13 05 98 E$ MV. DUESSELDORF EXPRESS V.02E817 ETA SIN *****8 R M.V. BUNGA
      108 words

  • Page 42 Advertisements
    • 581 42 I I VESSEL VOY SIN MAA SIN SS SINGAPORE 98/01 18-1805 23-27/05 01 02/06 TIIGER WAVE 626N 20 2105 26-31/05 05 06,06 TIGER BAY 627N 23 24,05 29 04 06 08 09,06 TIGER ISLAND 628N 30-31/05 04 08/06 13-1406 TIGER BRIDGE 629N 0243/06 08-11/06 16-17/06 TIGER WAVE 630N 05-06,06 11-14/06
      581 words
    • 806 42 FREIGHT LINKS EXPRESS 62 Toh Guan Road, Singapore *****1 Tel *****66 (60 Lines) Fax: *****33 E-mail flesin@singnet.com.sg CONSOLIDATION SKRVICE TO THE FOLLOWING PORTS AUXANDRIA (ALT), LAKMCHABANG (LCB), MALTA (MLA) PASIR GUDANG (POU) SHANGHAI (SNA) VESSEL ETD SIN ETA ALT ETA LCB ETA MLA ETA PGU ETA SHA ALAM JAYA II
      806 words
    • 1041 42 IOOCL (Sinqopore) Pte Ltd CFS Keppel Distrpk for booking IW Ammßm4 #21-04 (S) *****6 8* $13 #01-128 t enquiry (I?Vi X MtM J I Ci NO) **********H T«t 272 7827 coil 3269 180 T«t *****13 Fti 221 3942 Fw: 272 7825 NORTH AMIRKA USA/ CANADA <)> AUSTRALIA TO USA SGf
      1,041 words

  • Page 43 Miscellaneous
    • 130 43 T"73 m n VJ LEGEND: R Thunderstorm Temperature X\ y Shower Weother Wind direction with speed m knots Rain Cloudy Sky Wav h «'ght Stirfoce -md» ore indicated by orrow, which fly with the wind On. tun eel* represents cotm or ttght and variable winds J One half Heche represents
      130 words

  • Page 44 Advertisements
    • 106 44 CREW MANNING KAMCHATKA SHIPPING COMPANY (KASCO) RUSSIA KASCO CONTRACT REGISTERED IN PETROPAVLOVSK-KAMCHATSKY, RUSSIA Crewing agency can supply qualified and fully certified seafarers: Individuals, officers and full complements of reasonably priced seagoing personnel with experience of trading all over the world onboard all types of ships. If you arc interested please
      106 words