The Business Times, 22 May 1998

Total Pages: 46
1 46 The Business Times
  • 12 1 THE BUSINESS TIMES MITA(P) 110/1^97 85c SINGAPORE Internet http://www.asial.com.sg/biztimes FRIDAY, MAY 22,1998
    12 words
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  • 69 1 ran lira U8t S$ UBS 1-"» £(l<SS/SSper 1J» "74 DM I'm IJW TEN ISM 1114* Ml 1779 9.411 HKS 7.710 Ult BAJfT SM6 ®.04J RUPIAH IU* Mil* •sfrnmmiu ram bates SINGAPORE* ISA KUALA LUMPUR 11.50 JAKARtA 28.00 BANGKOK 14.76 MANILA 22.90 BONO KONG 10.25 TAIPEI &N SYDNEY 8.46 TOWO
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  • 985 1  -  Bob Hasan, 'Totnt' likely to go; Abri may get new chief By' Yang Razali Kassim [SINGAPORE] Newly-in-stalled President B J Habibie moved swiftly last night to line up his new cabinet, retaining the key coordinating ministers, removing those who had been unpopular and bringing
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  • 1454 1  -  HftWWf pledges equitable economic opportunities for all Fromß SN Vasuki in Jakarta WITH breathtaking swiftness, an era came to an end in Indonesia yesterday as President Suharto stepped down after 32 years in office and a new one began, though it spelt an
    REUTERS  -  1,454 words
  • 135 1 Reuters [JAKARTA] Fourteen cabinet ministers signed a letter sent to President Suharto shortly before he resigned yesterday, warning him that Indonesia's economy would collapse within a week unless the political crisis was resolved. "After an evaluation, we concluded that the economy could not survive
    Reuters  -  135 words
  • 353 1  -  But foreign exchange markets are hesitant By R Sivanithy [SINGAPORE] Regional stock markets yesterday broadly endorsed news of Suharto's resignation, with gains ranging from 1.3 per cent in Hongkong to 4.3 per cent in Malaysia. There was some degree of caution in the currency markets,
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  • Page 1 Advertisements
    • 154 1 Iks frseisn ts ftmst What does the liberalised CPF investment rules mean for fluid managers and investors? Fjf 17 Investors yesterday reacted favourably to news that DBS Back is hiring top JP Morgan man John Olds as its new chief executive officer, P*l7 syj Tikys stacks rally The Tokyo stockmarket
      154 words
    • 28 1 Habibie mmjyet confound critics, Pg2 Editorial! Suharto's sad end, Pg 2 PoD text of Habibie's speech; What analysts say, Pg2 1 .v-' I :jK--1 i V PR ADA
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  • INDONESIA IN TURMOIL
    • 128 2 [SINGAPORE] Prime Minister Goh Chok Tong has expressed relief that political transition in Indonesia has taken place peacefully and constitutionally with President Suharto resigning and Vice-President Habibie replacing him as the country's leader yesterday. Mr Goh said Indonesia faces formidable challenges ahead and he
      128 words
    • 321 2 :€> The trials we face now are tests that demand tolerance artd hard work from all the people, so that our country can quickly escape the economic and K, I have been moved by your recent struggle tor j| and your efforts wfll soon be followed by the
      321 words
    • 425 2  -  Byi Carol Eng Anf Wan May [SINGAPORE] Indonesians in Singapore are encouraged that President Suharto has stepped down, but few are in any hurry to return to their country. Most plan to return before too long to attend to their businesses at
      425 words
    • 609 2 EDITORIAL IT was a sad political demise for Indonesia's President Suharto, a leader who, whatever his faults, made peace with his neighbours and delivered a good measure of prosperity to his people. Mr Suharto's three decades at the helm have been largely good years for Indonesians. His
      609 words
    • 1071 2  -  Indonesia's third president has already made history in many ways and may well set a few of his own precedents By' Yang Razali Kassim [SINGAPORE] EVEN in the last 48 hours of his rule, President Suharto held on the view that the nation needed him
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    • 495 2  -  Market rebounds seen as knee-jerk reaction By Ven Sreenivasan Wong Wei Kong [SINGAPORE] Although regional financial markets rebounded on news of the change in Indonesia's leadership yesterday, analysts see this as a knee-jerk reaction and remain sceptical about the near-term prospects under President B J
      495 words
    • 415 4 US must support reforms in troubled nations, says Deputy Treasury Secretary AFP Reuters [CHICAGO] Deputy US Treasury Secretary Lawrence Summers called on Wednesday for rapid congressional funding of the International Monetary Fund to help shore up crisis-hit developing countries such as
      AFP; Reuters  -  415 words
    • 385 4  -  Dr Mahathir also congratulates Dr Habibie From, Eddie Teh in Kuala Lumpur MALAYSIA welcomed the resignation of Indonesian President Suharto and the appointment of B J Habibie as the successor, Deputy Prime Minister Anwar Ibrahim said yesterday. "We are happy that the transition of power was
      REUTERS  -  385 words
    • 653 4  -  Menu includes political, judicial revamp; eliminating graft By\ SN Vasuki [JAKARTA] BACHARUDDIN Jusuf Habibie became Indonesia's third president yesterday under circumstances similar to those faced by his predecessors. As in 1945 and 1966, Indonesia is today in a state of political and economic chaos. Unless
      653 words
    • 215 4 AFP [CHICAGO] Indonesia should peg its free-falling currency, the rupiah, to the US dollar or gold to contain hyperinflation and restore economic growth, a senior Japanese banking official said here on Wednesday. "If currency depreciation is caused by loss of confidence in
      AFP  -  215 words
    • 456 4 mFaecepedefnet making thing* better for Indonesia Reuters [WASHINGTON] Congressional critics took aim at the methods and policies of the International Monetary Fund on Wednesday as Indonesia, recipient of the IMF's third biggest loan, lurched further towards political crisis. "We are told that the IMF
      Reuters  -  456 words
    • 397 4  -  ■tst firms ntt sending evacuated staff back for ntw By, Annette Pan [SINGAPORE] Multinational companies with operations in Jakarta are taking a wait-and-see approach to the latest developments in Indonesia, wiUi most not sending evacuate staff ftack as yet, nor reopsntng their
      397 words
    • 148 4 Reuters [WASHINGTON] US President Bill Clinton welcomed the resignation of President Suharto, urging Indonesian leaders to move forward peacefully towards creation of a stable democracy. Mr Clinton pledged US support for Indonesia on its path towards democracy but stopped short of calling for democratic elections.
      Reuters  -  148 words
    • 148 4 "Indonesia's/all merely illustrates a hackneyed, but clear-cut, truth that if an economy falls apart, so will political power." -a United Lflberal Democrats official 1m Booth Korea "The lesson to be learnt is that no leader or regime that rules by iron hand, corruption, nepotism and undemocratic means
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    • 1761 6  -  Suharto's contribution to the Indonesian economy ensures his place in history, despite the cronyism he displayed in his later years By SN Vasuki [JAKARTA] MR SUHARTO never let the fact that he did not have much formal education get in the way of introducing bold
      AFP  -  1,761 words
    • 172 6 "It looks like the way it is being handled is very similar to the Singapore handover when Lee Kuan Yew gave up. That was never considered to be bad news for Singapore, but the continuation of Suharto in power even in the background may not be good
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    • 1142 6 Chronology of crisis in Indonesia 1997 July 2: Thailand devalues baht. Rupiah trades at 2,434 to US$l. July 8: Rupiah starts to crumble. Jakarta widens rupiah trading band to 12% from 8%. Ally 24: Asian currency meltdown. The rupiah slumps as confidence in the region deteriorates.
      Source: Datastream; Compiled by BT  -  1,142 words
    • 433 7 Stability in Indonesia crucial for regional peace, say experts AFP [KUALA LUMPUR] The crisis in Indonesia, with its economy in tatters and political structure in question, could have a profound impact on regional security, diplomats and analysts warned. "An unstable Indonesia, with its huge population and
      AFP  -  433 words
    • 311 7 Reuters [JAKARTA] Former president Suharto's six children, who control a vast chunk of Indonesia's economy, are staying in the country despite their father's dramatic resignation yesterday, a source close to the family said. The source, who has known the family for decades
      Reuters  -  311 words
    • 271 7 Bnt let situation becomes stable first, says Muslim leader AFP [JAKARTA] Influential Muslim leader Amien Rais yesterday called for ex-president Suharto to be put on trial after the longtime ruler resigned in favour of Vice-Pres-ident B J Habibie. Mr Rais, the
      AFP; REUTERS  -  271 words
    • 604 7 Assets and financial interests of Suharto's children NYT Stti Hardiajantt Rukmana 49: Better known as Tutut, she flPf a major stockholder in the Cy toil road network in Java that J brings in about US$l5O,OOO a ft W*r I day. Also owns about 16% of R
      NYT  -  604 words

  • Page 3 Advertisements
    • 210 3 I Cadillac Seville I I Luxury Sedan I I 9 A r I I All i Mli y i'. 1 1 s til ,ii li 11' vc i in* ii I I Im* (1.*****1. i Si v 111 lii x 111 y Sril.in (SI S) si.mils .r. yi'l .imilhi'i 11
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  • Page 5 Advertisements
    • 78 5 J| 2 p Va &*K* 4 ft £§> Fiai ini ip iMiL'gifiHT» fif >&> 5 M > '-V r fvi.Y.rTri^M ■ff 6 -S8 s<f ?*> rti i i 11 ||fy y.. m ft* m- u i b- Ttr-] ft j^rii" r ~Tftr~' ~ii s pppvppm 1 Mondial Mid-Year Exhibition and
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  • Page 7 Advertisements
    • 170 7 1.6 Advance now v comes with yet another surprising VULLIii |v V A. A9%815C3 r h< APVA^rTv Advance Max jjj r|^H. /\P* scheme offers you genuine 7 yAUOI RnS|IC 1 savings that are quite irresistible! In fact, i/ i i fc the car free charge A for the the fc<
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  • Special Supplement: FRENCH BUSINESS IN plement: FRENCH BUSINESS IN FOCUS
    • 373 8 WHEN it comes to high technology and research, it is hard to top the French, says Koh Soo Boon, who spends much of her time scouting for hi-tech investment opportunities in the US and Europe. The senior vice-president for Vertex, the venture capitalist arm of Singapore
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    • 757 8 From finance to food to property, France is a great country to put your money in, says its roving ambassador for international investment Jean-Daniel Tordjman FOR property-obsessed Singaporeans, France may not immediately come to mind as one of the most promising countries for property
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    • 358 8 Club Med has opened its newest resort village at Ria Bin tan, a 1,200-acre tropical park. The 302-room resort offers Club Med's highest scale of luxury, said the French holiday resort group. Attractions include three golf courses, one of them an 18-hole Gary Player signature course, and
      358 words
    • 212 8 I/Mrs/ in Fr<///< < \ctu<>rk IF you wish to invest in France, your first step should be to DATAR, the French government body which takes care of economic planning and regional development. DATAR has a global chain of 18 offices, known as the Invest
      212 words
    • 356 8 IN Singapore, where there is almost ftill employment and labour productivity is among the highest in the world, the idea of working a maximum 35 hours a week must be a baffling idea. Stranger still, when it is suggested that the shorter work
      356 words
    • 918 8 TOYOTA, Japan's largest manufacturing company, recently chose France as the site for the largest Japanese investment in Europe in the last 10 years. Eighteen countries were vying to be selected. Here are what some foreign investors in France have to say: 'When MCC was
      Source: The World Competitiviness outlook; Source: World International report; Source: OECD, Key Economic Indicators; Surce: OECD; Source: IDC Asia-Pacific  -  918 words
    • 1010 9 Jean-Francois Theodore, chairman and chief executive officer of SBF-Paris Bourse, speaks to the French Business Association Seen from Singapore, the Paris Bourse Is Just one among many European Stock Exchanges. What are Its advantages compared to its neighbours? 4b First of all, it is
      Sank COC Anil Mmprart Eurapt  -  1,010 words
    • 900 9 European competition regulators have cleared the acquisition of Paris-based insurer l' 4 ssu r«jicQB Qiyierajps defr»B£el*sertoa ay's Alftanz. Brussels had extended an initial cme-month enquiry by two weeks to discuss concern over AGF's ownership of Coface, the French export finance insurer. AGF has al»?ady said it
      900 words
    • 66 9 A letter to London's Financial Times: My aged computer and printer have developed an irritating interface problem, such that the sign is reproduced as commonly known as hash. Then it came to me. Why not use the hash sign for the euro? This would receive the
      66 words
    • 301 9 THE SBF Group, Deutsche Borse AG and the Swiss Exchange, together with Dow Jones, have launched a family of European stock indices, called STOXX, which became available on Feb 26. Each of the four partner organisations holds 25 per cent of the joint-venture company, STOXX
      301 words
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  • Page 9 Advertisements
    • 41 9 'FBA brought to yon by ft* m I y .i J ■•-v < *x*^w Fly Air France Singapore to whole new r/ie/n ro France you ro European countries: London Hamburg, Rome, Copenhagen, Prague, a Reservation Singapore I I I the hearts the
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  • REGION
    • 151 10 KUALA LUMPUR Bernama TIIE government will raise export credit financing facilities to four billion Malaysian ringgit (551.74 billion) from less than RM2 billion with immediate effect, Malaysian Deputy Prime Minister Anwar Ibrahim said yesterday. Of the RM4 billion, RM3 billion would be allocated for
      Bernama  -  151 words
    • 710 10  -  Anwar appoints Amanah Bank exec to head M'sian body tackling problem By] Meera Tharmaratnam in Kuala Lumpur THE Kuala Lumpur Composite Index yesterday rallied 4.3 per cent to 593.62, its largest percentage gain since Feb 17, following the latest government
      710 words
    • 453 11  -  Gains come despite gloomy BO J report, news that govt may declare recession From, Anthony Rowley in Tokyo THE Tokyo stockmarket continued its near week-long rally yesterday, despite a gloomy prognosis for the economy by the Bank of Japan and reports
      453 words
    • Article, Illustration
      46 11 [MELBOURNE] Melbourne university students yesterday helping a friend dressed as a snow pea into warmer clothing afterfilming on a street. The students, half way through an advertising course, were completing an assignment for a commercial to demonstrate the versatility of the snow pea. REUTERS
      REUTERS  -  46 words
    • 398 11 I ■SEOUL Consumption declining at worst rate since 1953 Bloomberg SOUTH Korea's economy shrank for the first time in 18 years in the first quarter, kicking off a recession that could last well into next year. GDP fell at an
      Bloomberg  -  398 words
  • Page 10 Advertisements
    • 393 10 —aso I WORLD WIPE II Sine* 1975 our worldwide staff of over 275 multi-disciplined protariOMb I I including lawyers, chartered accountants, chartered secretaries and I I bankers have provided confidential and cost effective company formation I I in all the major low tax areas including: I Full professional after sales
      393 words

  • Page 11 Advertisements
    • 218 11 Bantique Elegance &WC& 1876 hotHP uri Room rates MARiiNq From RM68.00 (ifMclusivt of bftEAkfAST fo« iwo) M j is A bfALTiflllv RtSTORFd PFRANAIcAN Manor House buib iN jUe Meart of If W |B f| hisTOßicAl Malacca. PROVIDES ModERN amen hi es AloNq wirh a caFe ANd i I btER qARdEN
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  • THE WORLD
    • 431 12 WASHINGTON And impact on US economy likely to deepen in coming months, says Rubin Bloomberg THE world economy has so far "avoided the continuing downward spiral some feared" from Asia's economic crisis, though there is still a chance a second round of
      Bloomberg  -  431 words
    • 168 12 LONDON Bloomberg Reuters THE British pound fell 3 pfennigs to a six-month low against the Deutschemark yesterday amid expectations official interest rates don't need to rise to moderate growth and slow inflation. Willem Buiter, a member of the Bank of England's interest rate setting
      Bloomberg; Reuters  -  168 words
    • 56 12 [LONDON] A group of hot air ballooning enthusiasts preparing for a dawn takeoff in the shadow of Londons Tower Bridge yesterday. Special permission for the flight of six balloons was granted by aviation authorities to mark Ascension Day. But unfavourable weather conditions led to the
      REUTERS  -  56 words
    • 321 12 WASHINGTON House had voted to block transfer of missile technology Reuters THE White House yesterday denounced a House of Representatives vote that would halt satellite and missile technology transfers to China as a "knee-jerk reaction" to newspaper headlines. Republicans want
      Reuters  -  321 words
    • 151 12 LONDON Reuters THE UK yesterday announced plans to boost workers' rights and to extend trade unions' powers, moves seen as the most wide-ranging workplace reform for decades. Union recognition, the central plank of the reform, will be triggered if in a ballot a majority, and
      Reuters  -  151 words
    • 323 12 GENEVA AFP US TRADE Representative Charlene Barshefsky said on Wednesday that Washington wanted China to join the World Trade Organisation rapidly, but on terms that matched its trading prowess. "We welcome China's admission to the WTO, but only on the basis
      AFP  -  323 words
    • 246 12 MOSCOW Reuters TRADE unions yesterday called on Russian miners to stop work until they received long-overdue wages, as thousands vented their anger by throwing blockades across rail lines. Launching concerted action after more than a week of wildcat protests, the Rosugleprof
      Reuters  -  246 words
  • Page 12 Advertisements
    • 215 12 BVLGARI XL The new Collection Jm Mr <? JHP ■<*-,- tm f- vm mi I JBp ami Hp. mm v a♦* ■pr« *a* v i >H *4* A #"f S# v BP v 'X wV H N I < J A H I It* V t c* v v i
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    • 125 12 MERCHANT COURT HOTEL (Stay business) ROOMS NOW AT 50% OFF (Pay economy) Merchant Court Hotel now improves economy for the business traveller in Singapore. Our Summer Executive Offer gives 50% off room* rates from now till 15 September. Take a room on the executive floors, and you'll also receive a
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  • Page 13 Advertisements
    • 168 13 SIEMENS CALL A MEETING, H a tele-conference. A VIDEO-CONFERENCE. PI jdnli -> r f%*' fev >■ i H -sIB Jj| gfife..*; 3k m m I ADVANCED SIMPLICITY FOR ASIA. To find a business 150 years of Siemens technology have gone into making partner who understands the simplicity and complexity it
      168 words

  • EDITORIAL & OPINION
    • 750 14  -  THB BOTTOM UMB OPINION By Leon Hadar The writer is BT's Washington correspondent THAT the five nuclear tests conducted by India last week came as a "surprise" to the US intelligence community with its budget of US$27 billion (5544.5 billion) and advanced technology
      750 words
    • 103 14 'Demand for new homes is supporting spending on everything from hammers to hammocks.' -Stephen SUfar an economist, on the booming US housing market, which is boosting demand for building materials, hardware and garden supplies. These guys have invented and reinvented concepts so many times, it's amazing. Their
      103 words
    • 1019 14  -  All signs point to a low voter turnout of 30 to 35 per cent for the legislative elections on Sunday By Loh Hui Yin The writer is a BT correspondent in Hongkong CANDIDATES contesting Sunday's legislative elections have put in lots of leg work, put on
      FILE PHOTO  -  1,019 words
    • 728 14  -  By Gary Bauer Richard Land Gary Bauer is Family Research Council president; Richard Land is president of the Ethics Religious Liberty Commission of the Southern Baptist Convention LAT US President Clinton's defenders have said we should ignore private morality
      LAT  -  728 words
    • 899 14 Stopping V-mrms race AS FOR stopping a South Asian arms race, this may occur independently of American diplomacy. Because China has a stronger economy and a 34-year head start, India may conclude that it has no realistic prospect of matching the Chinese nuclear arsenal and decide
      899 words
  • Page 14 Miscellaneous
    • 46 14 DOOHESBUBY By Garry Trudeau ep* iJmseThcSse. cocwsSSNHrxxSn oaAOifmutese. MONTHS' I I UEVEMH/TT -mseenPSAßaa/roFCON- MMI9A6ULF- HOPKOBAhT Cm&mOM I *454*1 TWsUSj&O- True' msg&NHK/HARP STREAM FOR. wT YOU* GONF&&JN<S j lAQSNTf H &fiNT JSKKS HQU?IN67H£LINe H&&... AWAY 6AM&S. *> MTHH&Asem ASK w. J /T*± jmiffc %Wt M M K_Lzd_S ±7=
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  • Page 15 Advertisements
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    • 71 15 1 Hi I Enjoy A STYLISH LUNCH AT j TOP OF THE 'M' j REVOLVING RESTAURANT i WITH 25% SAVINGS THIS MAY! j Call 831-6258/6288 (between 3pm-6pm) I for vour reseriulions. I i jMk LOUNGE L'ZZZ m **.<•« tMNM. 333 Orchard Road, Singapore *****7 Tel: 737 4411 1... J 1
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  • Page 15 Miscellaneous
    • 748 15 TV&BAPIO rrnnhim 4.00 News 5 Today followed 138 Lives and PerforTil w by Mystic Pizza mances. 2.30 PM 4.00 TV Innovations. I 4.00 Kidz 5.00 News 5 Today followed s by The 4.30 Dr Xargle. mated Series *-00 AM TV Shopping Net--5.00 The Why Why Family. 5,30 Real Adventures of
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    • 331 15 CRYPTIC CROSSWORD ACROSS ~j"" l ™l^^* 1 Note pamphlet put around is Pi P f 1 1 I 1 to beguile WM WM MM M| 5 A man of stone 9 Fine the worker taking part 3 I I I j j 10 Greek place exhibiting pic- Hfl tures in
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  • EXECUTIVE LIFESTYLE
    • 1007 16  -  Balinese artist I Made Djirna paints a unique tribute, using just greys and browns, reports pabvathui marayam PABVATHIN MARAYAN WOMAN as Mother is one of those all-time "bigthemes that creative people have experimented with down the ages. The relationship between mother and child is primal,
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  • Page 16 Advertisements
    • 106 16 i." V H tfWVX j^H 'r;-S> tjfejfrS T^^JfeAfe^p *&■*&> v> W 1 irQE ■■»»•>; > jg^HS£Hßi(>?' EX f, jS^^BflSjra^'' Sftll ff| *r* H 5 > jjf f V 5» y ffijrsSSS&y 0 Surviving the T jy currency storm A Opportunities V in South Africa f furniture 6 Raff^S International ®k®P%
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    • 171 16 aan 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. t Another Classified Service A little tailoring tip on collars \■•,i,>, < >|| 11 i 1111 In i i•Mi.>l i < 11 11 1 i.) In i
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  • Page 16 Miscellaneous
    • 131 16 THE WEATHER %a> /J c.: -1) >m ,ww IHwgipnrw Fair and warm. Temperature (34/28 C) Aetata dcmdy Ijakrin tkmkj BuonAra WO Bangkok »14 tan Aftaa IVM (tar B#s_ wn town Mi 4/1# tan *2 Baabty BVJ4 tar Ba V% tan P""** 1 ®2 Bnta WlI tarn Copatagn 1/W tarn Uitapta
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  • COMAPNIES & MARKETS
    • 281 17  -  EASING OF CPF DIVESTMENT RULES It's examining some curbs with changes to be on veiled after review: spokesman Wong Wei Kong [SINGAPORE] After lifting virtually all investment restrictions on CPF unit trusts, the Central Provident Fund Board is now in the process of reviewing
      281 words
    • 473 17  -  New CPF rales just mean more choice for investors By Shiv Taneja [SINGAPORE] CPF-approved unit trust 9 will soon be able to invest globally, but fund managers with two or more Central Provident Fund unit trusts in their stable say they will continue
      473 words
    • 693 17  -  HOCK LOCK SIEW Shiv Taneja NO FUND manager can complain that the restrictions on managing assets under the Central Provident Fund Investment Scheme (CPFIS) are too onerous; there are practically none now. Sure, there will be those who argue that the liberalisation of the CPFIS
      693 words
    • 360 17  -  By\ Shiv Taneja [SINGAPORE] The Investment Management Association of Singapore (Imas) has big plans for an awareness and education campaign for the unit trust industry over the next few months, a senior official said yesterday. Richard Tan, senior vicepresident of investment banking and
      FILE PHOTO  -  360 words
    • 222 17 Bloomberg [KUALA LUMPUR] The Kuala Lumpur Stock Exchange yesterday reprimanded four publicly-traded companies for delayed reporting of their financial results, and one company for late publication of its annual report. "The (stock exchange) views this contravention seriously and thereby cautions the board of directors
      Bloomberg  -  222 words
    • 452 17  -  Byi Catherine Ong [SINGAPORE] Investors yesterday reacted favourably to news that DBS Bank is hiring former top JP Morgan man John Olds as its new chief executive officer. In brisk morning trading, DBS' local shares were chased to a
      452 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • 341 18  -  Parent Asia Pacific Investments holds the other 50% By* Ang Wan May [SINGAPORE] Asia Pacific Breweries Ltd is paying close to US$3O million (5549.1 million) for a stake in the Shanghai brewery and distribution business it currently manages for parent Asia Pacific
        341 words
      • 315 18  -  By t Annette Pan [SINGAPORE] Mainboardlisted contract manufacturer JIT Holdings yesterday reported a 179 per cent jump in net profits to $13.7 million for the year ended March 1998, exceeding analysts' forecasts. Group turnover grew 129 per cent to $396.5 million because of new
        315 words
      • 404 18  -  Profits could rise even if sales may have fallen, says MD By< Christopher Tan [SINGAPORE] Sime Singapore's motor profits could rise this year even though car sales could be lower than last year's, said a top executive. "Motor is expected to maintain
        ST/ AZIZ HUSSIN  -  404 words
      • COMAPNY Briefs
        • 49 18 [SINGAPORE] Bambang Trihatmodjo, the son of former Indonesian president Suharto, has sold another 74,000 shares in Van der Horst, lowering his stake in the company to 6.01 per cent, or 6.78 million shares. Prior to the sale, his stake was 6.06 per cent.
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        • 65 18 [SINGAPORE] Jurong Shipyard has appointed 60-year-old Ryuhei Nose a non-executive director of the company with effect from yesterday. Mr Nose has been an alternate director to Takeshi Yana since July 1,1997. He was nominated by Ishikawajima-Harima Heavy Industries Co Ltd of Japan to replace Shigeyuki Nakamura.
          65 words
        • 64 18 {SINGAPORE] Serial System has formed two subsidiaries to distribute its high-technology electronic components, semiconductors and related peripherals and products. Forever Rise International Ltd, incorporated in the Virgin Islands, has a paid-up capital of US$50,000 (SJ81.900). Serial Hi Tech Sdn Bhd, in Malaysia, has a paid-up
          64 words
        • 57 18 [SINGAPORE] Mainboard-listed Lion Teck Chiang's Angkasa Welded Mesh Pte Ltd has terminated its lease on a three-hectare plot of industrial land in Tuas. The land, to be leased for 30 years from Jurong Town Corporation, was to have been the site for Angkasa's
          57 words
        • 95 18 Reuters [KUALA LUMPUR] Rashid Hussain Bhd yesterday denied a report that it planned to take over troubled Omega Securities Sdn Bhd. "However, we are considering proposals from Omega Holdings Bhd and Omega Securities with a view of protecting our interests following the non-payment by Omega
          Reuters  -  95 words
        • 128 18 Bernama [KUALA LUMPUR] Berjaya Singer has posted a group pre-tax profit 0f32.67 million ringgit (5114.2 million) for the year ended April 30, down 71 per cent from RMU3.O2 million in the previous financial year. Turnover rose 4 per cent to RM1.42 billion from RM1.37
          Bernama  -  128 words
      • 522 18  -  LETTER TO THE EDITOR Lim Beng See Senior Vice-President, Corporate Communications NatSteel WE REFER to the May 19 Hock Lock Slew commentary headlined "Nat Steel's full disclosure of provisions is two months late". We are disturbed by the misleading nature of the headline and certain
        522 words
    • REGIONAL/ INTERANTIONAL COMAPNIES
      • 257 20 AFP [TOKYO] Japan's Sega Enterprises Ltd unveiled a major tie-up yesterday with the software giant Microsoft Corp and electronics firm NEC Corp to produce the world's first games console with Internet access. Sega predicts its new console, which will be called
        AFP  -  257 words
      • 484 20  -  Region's sales down 20% in US$ terms due to currency turmoil Byy Carol Eng [SINGAPORE] Sales in South-east Asia for HewlettPackard have contracted for the first time in 10 years, Cheah Kean Huat, HP managing director of Singapore and
        484 words
      • 330 20 Bloomberg Bloom berg [KUALA LUMPUR] Renong Bhd said it swung to a loss in the first nine months of fiscal 1998, as the ringgit's slide boosted the cost of its foreign currency borrowings. Associate United Engineers (M), which took a 32.6 per cent stake
        Bloomberg; Bloom berg  -  330 words
      • 437 20 Canadian firm said to be paying 80% in cash, 20% in stock Bloomberg [AMSTERDAM] Seagram Co, the Canadian owner of Universal Studios, has agreed to buy PolyGram NV, the world's largest music company, for about US$lO.5 billion (5517.2 billion) in stock and cash,
        Bloomberg; FILE PHOTO  -  437 words
    • FINANCE & COMMODITIES
      • 406 22 Profitability makes them vulnerable to rising debt defaults: KPMG poll Bloomberg [SYDNEY] The profitability of Australian banks is at historically high levels, making them vulnerable to rising debt defaults and intensifying competition, according to a survey by the accounting firm KPMG.
        Bloomberg  -  406 words
      • 379 22 EC concludes world's biggest accounting firm won't dominate Bloomberg [BRUSSELS] Price Waterhouse and Coopers Lybrand received final European Union clearance for their merger, which will create the world's biggest accounting firm. The European Commission, the executive agency that enforces EU antitrust policy, said it
        Bloomberg  -  379 words
      • 185 22 [SINGAPORE] Singapore Reinsurance Corporation has opened a representative office in Shanghai. A Singapore Re spokesman told BT yesterday that the Shanghai office will serve as the liaison unit to promote the company's reinsurance business in China. The office will also gather information on the
        185 words
      • 312 22 Bloomberg [NEW YORK] Nationsßank Corp and Bank America Corp, which have agreed to a US$6O billion (5598.5 billion) merger, will earmark US$35O billion in loans and investments to small businesses and low-er-income consumers and communities over the next 10 years. The
        Bloomberg  -  312 words
      • 242 22 Reuters [DUBAI) Bullion traders here, hurt by the liberalisation of the Indian gold market, are seeking ways to salvage their once-booming trade, but some say hopes of a viable rescue look farfetched. Traders at Dubai's downtown Gold Souk said demand from India, the world's
        Reuters  -  242 words
      • 169 22  -  HSCXTAIWAV FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract rose for the second day as Indonesian President Suharto resigned, a move that could stabilise the current situation in Indonesia. The gains, however, may not
        169 words
      • 287 22 ENERGY REPORT Reuters [LONDON] World oil prices were tentatively higher yesterday but brimming oil storage tanks are likely to dampen gains, oil traders said. Brent crude futures recovered to trade 15 cents higher at U5513.87 a barrel at 1430 GMT but prices have
        Reuters  -  287 words
      • 280 22 Reuters AFP London THE dollar fell to its lowest in nearly four months against the mark yesterday, its slide assisted by gains the mark made against sterling and the yen. The mark's surge to fiveyear highs against the yen late in Europe lifted dollar/yen from lows it hit
        Reuters; AFP  -  280 words
      • Article, Illustration
        1192 22 mTBRBAME CROSS KATES M y21 -r tp: pi J»mw9m- m mm* n— it <■* -,i»- wrt mhn«< jps AttSrjfll 0 912 1178 0.565 3.72# fa 4OT BJM***** 0451 1746 22W (*****487 MAO U838 1211 >928 21MIIUM 0206 0.630 Canada 1097 5.737 0420 4.087 1219 5256 ***** 76.022 0.933 9417 2.605
        1,192 words
    • 1740 23 8IC0M FUTUIBS May 21 RU86CR (Marts dosfa* it at 5.30pm) RSS1 CONTRACTU cwitaAg) CtOM VoiWM Optn Month High Low Sott (touts) totorost Jw> 96 127.00 127.00 127.00 50 700 Jul 98 128.00 1665 Aug 98 128.25 2565 a 96 130.00 130.00 130.00 300 1465 Doc 98 134.25 134.25
      1,740 words
    • 2179 23 Tff London: FTSC-100 5,935.6 »2U Parte CAC-40 dosed Stockholm: OMX closed rrmkfurt DA* closed Brustclv BCL-20 dosed Milen: MiB-30 35,073 «*73 Amsterdam: ACX closed Zurich: SMI closed Jot>ur«:Joh-tnd 9,883.8 *7X1 *~i*° °-r Toronto: TSC Come 7,695.40 *3102 Hew York: Dow Jones 9,079.81 »25-V6 New Yorlu SAP 800
      2,179 words
    • 1531 23 Bloomberg AFP Q Nikkei 225 ****** JAPANESE stocks rose for a fourth day as the resignation of Indonesian President Suharto eased concerns political turbulence in that country would drag down currencies and economies across Asia. "The feeling is that we've avoided the worst another Asian crisis even if there
      Bloomberg; AFP  -  1,531 words
    • Article, Illustration
      1521 24 Reuters H Han* Seng +12L27 STOCKS closed higher yesterday as buyers returned to the market, nerves calmed by news of Indonesian President Suharto's resignation, brokers said. The Hang Seng Index rallied 121.27 points, or 1.27 per cent, to close at 9,670.45 after hitting a high of 9,725.11. HSBC Holdings
      Reuters  -  1,521 words
    • Article, Illustration
      580 24 AFP Bridge News Reuters QShenzhenßlndex +OJO SHANGHAI'S B shares rose 2.0 per cent yesterday on a technical rebound, analysts said. "The regional markets improved after Suharto's resignation, triggering a rebound in Shanghai's market," a J A Securities analyst said. The Shanghai Stock Exchange's B Share Index rose 0.96 points
      AFP; Bridge News; Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  580 words
    • 351 24 AFP QwFMk +10L83 TAIWAN stocks rose 1.2 per cent yesterday buoyed by Indonesian President Suharto's resignation and strong buying of financial shares by foreign investors, dealers said. The Weighted Price Index rose 101.83 points to 8,369.32, following a 1.6 per cent rally in the previous session. "Suharto's resignation is
      AFP  -  351 words
    • Article, Illustration
      783 24 AFP SET Index +0.4 THAI share prices rose 0.1 per cent yesterday but closed of their earlier highs in the wake of Indonesian President Suharto's resignation, analysts and dealers said. Analysts said that although overall volumes were low, market sentiment was buoyed by positive developments in Indonesia, which helped
      AFP  -  783 words
    • 284 24 AFP P Marin *A&B PHILIPPINE share prices closed 2.3 per cent higher yesterday after Indonesian President Suharto lifted some regional uncertainties with his abrupt resignation. The Philippine Stock Exchange Index gained 48.32 points to 2,148.61. Turnover volume rose to 641 million shares worth 1.46 billion pesos. —AFP M»n,u Mimnq
      AFP  -  284 words
    • 415 24 AFP Composite lad« 4SJ SHARE prices yesterday fell 1.9 per cent on the Korea Stock Exchange on news that the real gross domestic product contracted 3.8 per cent in the first quarter, the biggest drop in 18 years, dealers said. "The market seemed to gain strength on the news
      AFP  -  415 words
    • 584 24 AFP flmOrimriM +I<l3 AUSTRALIAN share prices rose 0.4 per cent yesterday as initial enthusiasm over the resignation of Indonesia's President Suharto soon diminished. The All Ordinaries Index closed just 10.3 points higher at 2,733.5. Turnover totalled 371 million shares worth Asl.3 billion. The All Industrials Index closed up 14.7
      AFP  -  584 words
    • 247 24 AFP n Wellington -123 NEW ZEALAND stocks were down 0.1 per cent yesterday with little reaction to the resignation of Indonesian President Suharto. The announcement came within half an hour of close which saw the NZSE-40 down 2.23 points to 2,217.96 on turnover worth NZ5153.9 million. «a»2i us room
      AFP  -  247 words
    • KUALA LUMPUR STOCK MARKET
      • 8620 25 MBUSTKIALS ConiMMr pn^Kti l«H Last Vol Day Net Cap High Ln CMT««iy SaM OOP High Law P/t \m» 310 180 A|inomoto 220 12.1 89.2 148 65 Angkasa 74 4 28 74 70 1.7 109.1 290 123 Apollo Food Hlg 160 -5 6 160 132 4.7 64.0 388 190 BerieyeLend 274
        8,620 words
      • 383 25 AFP n Composite Index +24.43 MALAYSIAN shares rose 4.3 per cent yesterday, bolstered by plans to set up a special agency to handle non-performing loans and the resignation of Indonesian President Suharto. The Composite Index closed at 593.62 points, up 24.43 points.
        AFP  -  383 words
    • WARRANTS & OPTIONS
      • 159 26  -  WARRANT WATCH -By R Sivanithy THERE are a host of soon-to-expire warrants in Malaysia which look like they could offer decent value at some stage in the not-too-distant future. One example is the warrant issued by Petronas Dagangan, which expires in February next year. The
        159 words
      • 3488 26 BONOS, LOANS ft WAMANTS wt i»98 Lost Vol Oiy Last Ouott Avg High Low StiM Ccwuny Sal* COOO) MKjh Low Buyer Soilor Prlco 23.5 9 m 3000 12.5 11.5 14 20.5 8 3160 A Acar ******1USS 10 7.5 10 95 8.5 3164 Ac mo W*****4 18.5 *3 3 18.5 15
        3,488 words
    • 2311 26 Transaction date May 21 Cr Or 1998 Last V«i Day Last Oust* Mv Mv YM Nat M Cap Lsar Stne Cinaaiy tats fOOO) Hmi Laar Bwyat Sa6ar C*w W M 135 28 m» 5000 AISB50C 68.5 *103 1266 70 58 6&5 70 53 13 13 27.7 703 65.5
      2,311 words
    • 6601 27 Transaction date: Ma\ 21 Or Or M Wt 1998 Kit Vol Day Lnt OuoU Dtv Dlv VM Net Cap A v« High Low St No Company Sal* COOO) High Law Buyer Seller Cvr P/I Smil Price INDUSTRIALS 43 16.5 a 1020 ACE Dynamics60c.... 19.5
      6,601 words
    • 1232 27 6r Or M «rt 1998 Last V* Day LMt Ouat* Dlv Olv YM Net Cap Av« High Low Stw Ca«j»a«y Sal« COOP) High Law 8uyar Sa»ar C'tr W »w<l Erica 134 83 a 2000 A8RHIdgs5c 84 85 87 41.0 84 243 76 a 2049 AS Auto 10c 131 *4
      1,232 words
    • STOCK EXCHANGE OF SINGAPORE
      • 220 28 Sleeks VoJuw •RHB Cap Wt99 37,509,000 *M Resources 28,736,000 •Renong BM 50c 27,032,000 *MBf Capital 22,129,000 •Rekapacifk 8h 21,931,000 HKLandUSIOc 15,431,000 •Pub Bk Foreign 12,080,000 STEngglOc 9,958,000 •Berjaya Group 9,105,000 SingTel 15c 8.960,000 Stoda I DBS Foreign 37,384,853 SPH 29,336,546 OCBC Foreign 27,750,776 SIA Foreign 24,261,835 SingTel 15c 21,637,481 HKLandUSIOc
        220 words
      • Article, Illustration
        57 28  -  -by Shiv Taneja ANTAH Holdings closed 4.5 cents higher yesterday at 32.5 cents on a volume of 3.74 million shares, compared with its 10-day traded average of 397,900 shares. In the near term, there is more upside for this stock. However, this could be quite short-lived, according to
        57 words
      • 652 28  -  STOCK MiUBT COMHBMTAHY Investors welcome Suharto's resignation, further GPF liberalisation, M'sia's set-np of agency to acquire bad bank loans By R Sivanithy [SINGAPORE] Singapore and Malaysian stocks yesterday soared 3.6 and 4.3 per cent respectively as investors welcomed a triple
        Source: Bridge  -  652 words
      • ON THE GRAPEVINE
        • 111 28 PROPERTY values in several countries in the region have plumbed to such depths that even private equity funds are getting into the game. Normally equity fluids, which are venture capital funds, avoid investing in real estate, said Kathleen Ng, Mi tor of Hongkong-based Private Equity Bulletin.
          111 words
        • 92 28 ONE observer, commenting on the status of independent directors who were recently in the news because of the new amendments regarding their role, said it is interesting that the Stock Exchange of Singapore did not touch on the "independence" of independent directors of GLCs or government-linked companies. The
          92 words
        • 103 28 BLOOMBERG News has reported that Dresdner Klein wort Benson, expanding in Asia as other Arms cut back, recently hired former Merrill Lynch Co banker Zhang Liping to head a new China investment-banking business. Dresdner, which recently hired Keiichi Mitake from Tokyo's defunct Yamaichi Securities Co to
          103 words
        • 69 28 ASKED if diversified Intraco Ltd would remain in the black this year, a high-ranking company official replied rather unconvincingly: *1 hope so." We too, actually. The former trading-based group had been on the slide since two years back, and remained profitable only by the skin
          69 words
        • 61 28 APPARENTLY everyone who works for Barclays Capital the bits that were left after investment bank BZW got sold off— has recently been given a "stress relief* ball. Just because Barclays Capital is such a stressful place to work, why do they have to advertise it, is
          61 words
        • 54 28 IT is well known that Silicon Valley is home to computer wizards. Located in California, USA, it is home to high-tech firms like Cisco Systems, Intel, and Netscape. Not so well known is that next to Cisco's headquarters there is a mental institution. Guess a mental asylum has to
          54 words
  • Page 17 Advertisements
    • 190 17 Dm INTRODUCING THE MOYADO VIZIO: A POST-MODERN PERSPECTIVE ON TIME. Vizio means in the international language of j|. "Esperanto". The name of this watch, mT as well as the sculptured box that encases the Movado Vizio, embodies »V| the 115-year Movado philosophy of design innovation in time Ma m'.* Ip.
      190 words

  • Page 18 Advertisements
    • 101 18 Emirates' Business Class. Better leg rest, head rest and eye rest. (A class above the rest.) ff\ f 1 There s more space in Emirates' Business Class in which you can relax. Our Boeing 777s boast one of the most luxurious seats in the sky. Oh, and don't forget the
      101 words
    • 105 18 An opportunity not to be missed! Fine ceramic works of exceptional quality and Shoushan stone carvings by contemporary Chinese Masters. 22 May -24 May 1998 Hk I > 10:00 am 8:00pm daily I M -a, i Y River View Hotel T 2nd Floor Camellia Room 328 Havelock Road A Polar
      105 words

  • Page 19 Advertisements
    • 205 19 «H jwM&tJfeQS! tffr''* Vw I w-I*. .> ib^ "\i V' v •*~w V < > vWvi v r v x vw J x >\ r? Introducing two of Singapore's J most wanted printers. J r 4 v V >X <"55? ■QeJ#fc.' 1 <~ V if 4 -c- <- N k
      205 words

  • Page 20 Advertisements
    • 609 20 VOSOKESSNotices IN THE MATTER OF THE COMPANIES ACT, CAP. 54 AND IN THE MATTES OFF A S MOTOR CLAIMS A REPAIRS PTE LTD (la Mf ben 1 Yotentan Liquidation) At an Extraordinary General Meeting of the members of PA S Motor Claims A Repairs Pie Lid duly convened and held
      609 words
    • 1075 20 M THE MATTER OF THE COMPANIES ACT. CAP. 80 AMO M THE MATTER OF TRANSTECH CAPITAL MVESTMBfTS I LTD (In Member*' Voluntary Uquidetton) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at Bug* Ballroom Three. 2nd Floor. Hotel Inter-Continental.
      1,075 words
    • 726 20 •fig To advertise call toll-free 1800-*****83 POH LIAN HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Gateway 1 2, Level 2, Pan Pacific Hotel, 7 Raffles Boulevard, Marine Square, Singapore *****5 on Monday, 8
      726 words

  • Page 21 Advertisements
    • 471 21 THIS IS THE ONLY SPACE I i Yes, I'd like to invest in the HSBC ASIAN GROWTH FUND. Please send me an information pack. 1 1 Name i Address 1 i i j Postal Code J i i Tel (H) (O) i i I Fax I I Send to Hongkongßank
      471 words

  • Page 22 Advertisements
    • 88 22 GOLDi^PFEIL GERMANY JLA The Voyage Collection is made of an extremely durable and practical, high-quality twilled nylon fabric. The leather edging is in finest leather with a vertical grain. The strap is made from nylon, offering the same features as a safety belt. TrolUy bags: $498 (left) $398 (right) Boutique*:
      88 words
    • 24 22 N I found a car pool through The Straits «i Times Classified. They help me do my part to save fhe earth. lP 1
      24 words


  • Page 24 Advertisements
    • 22 24 I'd like to place an A buyer V g| IgPrmi I|B W I love this car gj— Call CAT.S. at 1800-737-1166. jL
      22 words
    • 219 24 The Jakarta market was closed yesterday far a holiday citmue. uu I.p-SK j w>spm? J W»4 A»lun«m«* --..rr, «W€OR M4&S J™"*<"*•«> WI,1 W,h >" •j*** Sp*-t«j feMCM «U1 tT imi **j mB 2 *nu P» GST -91 m 4 i.\4-d'«r s■VV 7 'HSvib ~n Mcscctcs r kijoq """tHH «x K»i
      219 words

  • Page 25 Advertisements



  • Page 28 Advertisements
    • 2046 28 BUSINESS A ()tf('( S lo ii(l\ 1-rtiso call toll-live ISOO-741 INX3 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SINPON PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 19, Jurong Port Road.
      2,046 words
    • 557 28 MTHE MATTER OF THE COMPANIES ACT. CAP. SO AMD M THE MATTER OF T. ft PLANT SERVICE PTE LTD (In MuMra' Voluntary Liquidation) NOTICE OF RESOLUTIONS Al an Extraordinary General Mooting of the members of the abovenamed Company duly convened and held at 39 RoMiton Road #07-01 Rottnaon Port Singapore
      557 words
    • 546 28 THE STRAITS TIMES CLASSIFIED YOUR GUIDE TO MORE PRODUCTS SERVICES I IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF GROVELAND PRIVATE LIMITED (MEMBERS' VOLUNTARY WINDING UP) Al an Ertraordnary General Meetng of the abovenamed Company duly convened and held at Venue: No.l Kim Seng
      546 words
    • 411 28 MTHE MATTER OF THE COMPANIES ACT. CAP. 50 AND MTHE MATTER OF LCM MARME ENGMEERMG SUPPLY PTE LTD (In Membara' Voluntary Liquidation) NOTICE OF RESOLUTIONS Al an Extraordinary General Meeting of the members of the abovenamed Company duly convened end held at 27 Foch Road #02-06 Hoa Nam Building Singapore
      411 words
    • 402 28 M THE MATTER OF THE COMPANIES ACT, CAP. SO ANO M THE MATTER OF TRANSTECH CAPITAL MVESTMBftS I LID (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordriary General Maating ot the members ot the abovenamed Company duty convened and held at Bug* Ballroom Three. 2nd Floor, Hotel Intar-Continental,
      402 words

  • SHIPPING TIMES
    • 312 29 Bridge News Reuters LITTLE Panamax activity was seen in the Atlantic, but brokers here said rates are continuing to "head south" with not enough cargoes quoted and too many ships available. HlaaAaMkAil rauirai TANKERfk Trading in the Caribbean was relatively active with several fixtures surfacing for Aframaxesand Panamaxes,
      Bridge News; Reuters  -  312 words
    • 216 29 Sit POMMPutton _060 *0.04 CkuanHup 0.42 *OOOS 202 Cmco Invoftmant a7S rrMitLJnk* 020 undi 103 OOHoMtogi 0l20S Hal Sun Hup 0.515 *0.015 410 HltacNZoMn OM -0.005 M3 IMCHaMnat HK 5.60 JayaHoMng*__0J9 Jurong SNpyarti —7.70 *0.73 139 KappoiCarp XM *0.10 2610 UMriras 4.62 Koppot Marino 1.44 unch 14 K4M«TM
      216 words
    • 409 29  -  Asian lines which have expanded rapidly will be most affected: Clarkson's By. Marvus Hand [SINGAPORE] Asia's economic woes could spur more mergers and acquisitions in container shipping, as the effects really begin to bite this year, according to a report by Clarkson Research
      FILE PHOTO  -  409 words
    • 768 29  -  ADMIRALTY CASEBOOK By I Selva Kumar THE "default" clause in a sale of goods contract in the GAFTA 100 Form does not exclude a seller's entitlement to claim damages for expenses incurred in cancelling the charter of a vessel
      768 words
    • 197 29 AFP [NEW DELHI] India is planning an investment of US$4.l billion (556.7 billion) during the next five years to develop its major ports, a minister said yesterday. Federal minister of transport M Thambi Durai said the government would put up US$5l2 million while the
      AFP  -  197 words
    • 335 29  -  Economic recovery may take 1-2 years, conference told Froml David Taylor in Hongkong INDONESIA Is the key to economic recovery in Asia and with it hopes for increased trade and future port development. The peaceful transfer of power by former Indonesian
      335 words
    • 369 29 China, Hongkong trade feeling the impact of Asia's economic woes Bloomberg [HONGKONG] Cosco Pacific Ltd said shipping through its Hongkong cargo terminal is decreasing, in a sign that Asia's economic troubles are hitting both China's biggest shipping line and the world's largest
      Bloomberg  -  369 words
    • 509 30  -  CHINA PORTS Authorities hope the nation's largest inland liquid chemicals berth will boost business From P T Bangsberg in Manila CHINA'S largest inland berth for liquid chemicals is now open to foreign customers, part of a plan to bolster the business and perhaps wrest some away
      509 words
    • 334 30 PAGE ESP lines 14 ACl 9 tthtoptan 6 AMI 3 Evergreen 6 Accord 8 F*"** M Ahrenkiel M FoongSun 8 Appenship 5 Fr#ta AsiaOCL, 15 FrtUnks 16 Astro 3 Clink 4 Austral 9 Gemartrans 8 Avant 16 Genshpg 9 B'tang Mas" 8 GtoyHav
      334 words
    • 17161 38 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 24/05 04/06 MISC KOTA HASIL 151 65-*****22 A 24/05 04/06 PIL KOTA HASIL 151 65-*****93 To ABIDJAN (ABJ) 2003 24/05 B/04
      17,161 words
    • SHIPS IN PORT
      • 726 45 Vessel Voy No Berth Arrival Departure AreAa|ay3168 i J02 alongside 22.05/0600 8t Ketwng J *****8 J01 alongside 22 05/0730 8tKotaJaya *****6 J01 alongside 22.05/1300 St P Tunggal *****8 J01 alongside 21.05/2200 Bt Pi) MO 795 *****6 J01 alongside 21.05/2000 Bt Pul Telor *****8 J01 alongside 22 05/0800 Bt
        726 words
      • 1768 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From Ac i Clmr 040* 23/0700 U 21/800 21/WS9 21/1*00 18 21/1500 21/1659 21/1900 2* 21/1700 22/0659 22/0900 21 21/1700 22/0659 22/0900 3 22/0700 22/1159 22/MOO 4 22/1200 22/1459 22/1700 Mam*
        1,768 words
      • 181 45 May 28 United Kingdom: Spring Bank Holiday. United States: Memorial Day. May 28 Hong Kong: Tuen Ng Festival. Ma y 30 Taiwan: Dragon Boat Festival Jon 1 Austria: Whit Monday. Belgium: Whit Monday. Brunei: Anniversary of Royal Brunei Malay Regiment. Denmark: Whit Monday. France: Whit Monday. Germany: Whit
        181 words
      • 938 45 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
        938 words
      • 445 45 Carbon 180 Mu 992.2 0.9 18.0 O.n 123 0.06 May M Density Water Residue Ask AhjmMw* Sediment No above E25 10 1110 380 Ave 966.4 02 16.4 0.06 30 0.03 tl 380 Mu 992.9 2.0 19.6 0.16 72 0.08 «6/MM »/v m/m »*/M mi t»o above
        445 words
    • AIR & LAND TRANSPORT NEWS
      • 622 46 BOEING-AIRBUS TUSSLE FOE SALES Seattle pl&nem&ker has lead over European rival with its 8717-200 AFP [BERLIN] Airbus and Boeing took their 25-year business dogfight into a new market, signalling at Berlin's international airshow that they were ready to tussle over sales of short-range, smaller capacity
        AFP; FILE PHOTO  -  622 words
      • 526 46 Bloomberg [BERLIN] British Aerospace pic chief executive John Weston said his company, one of the partners in Airbus Industrie, is concerned that the European planemaker's plan to build a 550-seat jet is not financially viable. "We are not convinced," Mr Weston told reporters at the
        Bloomberg; FILE PHOTO  -  526 words
      • 511 46 Several hurdles to 3-way alliance inclnding American Bloomberg [WASHINGTON] US Airways Group Inc chairman Stephen Wolf told an annual shareholders meeting the carrier is "open" to renewing its alliance with former partner British Airways pic. "In terms of a broader alliance,
        Bloomberg  -  511 words
      • 155 46 Reuters [AMSTERDAM] Dutch carrier KLM said on Wednesday negotiations on the structure of its partnership with Italy's Alitalia were on schedule and the final contract would be signed by Nov 1. KLM president Leo van Wijk said a number of
        Reuters  -  155 words
      • 437 46 Reuters [HONGKONG] Flag carrier Garuda Indonesia said it was considering temporarily suspending a number of flights as unrest in Indonesia has left nearly all inbound seats to Jakarta empty. "We are considering cutting frequencies," an airline source in Jakarta said. "We still have
        Reuters  -  437 words
      • 377 46  -  By Christopher Tan [SINGAPORE] Ford Motor Co will export more US and Eu-rope-made products to Asia in its long-term strategy to enhance its image and, hopefully, its market share in this growth area. In an exclusive interview with Shipping Times, president
        377 words
      • 1662 46 an FU6HT ETA FUCNT ETO mtm MW 1008 Sw-fzlwiPtC S0W3 HOS C2354 0910 7 r CPS S0804 WW Aasttrtoa $0327 0755 KLS44 0040 IU #I J?™? KL837 1455 GA974 2005 HI 838 2300 ***** 1540 TG408 *35 $0328 2320 mn flW MOW Ifg AucklMO N***** 2050
        1,662 words
  • Page 29 Advertisements
    • 14 29 China's Ningbo port adds chemicals berth Authorities hope berth will boost business. Page 2
      14 words
    • 83 29 Boeing-Airbus fight spills into short-range jets Seattle firm has lead over European rival. Back Page f GMB§ 1 I AGENCIES PTE. LTD. M PURE NEUTRAL NVOCC TO: 1 I USA HONG KONG PUSAN OTHERS M We Are Master Co-loaders, Call Us Now! 1 SINGAPORE: MALAYSIA: I ■U* 120 Tanjong Pagar
      83 words

  • Page 30 Advertisements
    • 1067 30 I NORTH AMERICA 1 EXPORT I I OTHER DESTINATIONS I EXPRESS-DtRECTTQ LA [DWeCT TO C»>MT SOOTW AMPWCA/ABU AWDO MHWCI gT vßsa vot ran nta is om hou ok nt kocoan vbsb vot sw |■AnrHtrnir iMDMvpnwi 1 cailaq [oo naoui mttommsu vmmaiso OOamUM *****1 10/05 n/04 05/ M M/M M/M 10/
      1,067 words
    • 614 30 UnM&MTVCMnBpfBMntM #Putamh«n,r#m/9HA Raiders WWSJ/J Accredrtea Shipfioo Agentt GjU/ Assooabon Xtti/ Singapore Auooabon NEW ADVERTISER Find out more about their service: Him to Page 7 EXPORT 3 x Japan •2 x Hongkong -1 x Mania •1 x Kaothjung, K—lung tAc«p*ing fa lo IKK/MAHA/SENDAI/CEIU/tCH> SuS ST S5 -55 n£ *5 SI w
      614 words

  • Page 31 Advertisements
    • 1082 31 TO EUROPE FROM EUROPE YKSII VOY SM ITM ANR HAM lIV SOU fXT Lol [vtSSIL VOY RTM AIM HAM NV SOU WT UN SIN HY HIGHNESS 311W 2*/0512/0* 13/0* 14/o*lo/0* HY EMPEROR 41M o*/05 OJ/0S 05/0S 24/04 23/ OS API AIMAMNM 302W N/05 20/0* 17/0* 11/0* 15/0* LA LOIRE 5201
      1,082 words
    • 1887 31 I HANJIN SHIPPING HANJIN SNIPPING (S) PH LTD hup /fwm. to** com BOOKING 37*0735 737 SAItS 37M774 231 DOCUtttNT 37*0771 774 OfKATKM 32*0741 752 MAIN LINE *****55 HI 777 MM a HO: *****M0Q00N |TO NW USA A CANADA USA CANADA* H» VSt/VOT If jj" UNI HAUI/VOT StA TIW MN HK
      1,887 words
    • 337 31 FULLY CONTAINIRIf ID DIDICAI BP lUVKBI Vtssa W_ _S*_ Its WY SI HK6 KL USN PUS Iw!| nm ,?m iwmWMM IUK hto 1 MONIANU 07S 17/05 11/05 07N 20/tt H/M 20/05 2MB 21/05 InM I \lm IHUMJWIMTTI M7S I^TllM] WHSSMOON _007S_ 72/05 71/0S 31/85 07/0* 03/04 StC HQNG«3»tC BCIS I
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  • Page 32 Advertisements
    • 710 32 DSR-SENATOR LINES NOW ACCEPTING REEFER CARGO TO USA EUROPE FAR EAST PORTS NEWSffIP AGENCIES PTE LTD SINGAPORE: TEL: BMBIO FAX: *****30 TLX RS <3386 KOB ENQUIRY/BOOKINGS: JENNY/LAY CHOOCATHERINE BSM3+MQ43 POUT KLANG: SINARAN MALM SDN BHD TEL: OM3M7M (5 HUNTING LINES) PAX: OS-33M788 FOR ENQUIBYMMKINQSt MS TAN Al GBOK/MB. MARY PENANG
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    • 1309 32 MY YML Internet Web Site http: //wwwymlcom.rw fl>*Akk>L fk V 4 IJMJIWiH If VI-iM g<M'Wr!i'WHH.HJJH I j.l'iHl twwweeklyevwythursoay/summy VESSEL VOY SIN CMS RTM HAM FXT LEH AMR RHEIN BRIDGE JB2OW 24/05 10/06 12/06 13/06 15/06 GIBRALTAR BRIDGE AB2IW 30/05 21/06 19/06 18/06 23/06 MING WEST JB2IW 31/05 17/06 19/06 2006
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    • 396 32 LINE ■r Jt Till IU34N NUb •••Slit r MUARA 1 LABUAN vfssii voy m> rtt vissa vot rro n* SPOK MIMA SWtl UN MtGUMT VIX/N 24/05 21/05 MWCUfT VIM/M »/0$ 30/05 mora vi«/w 30/05 02/0* i-wosm vi«/w jo/os os/m Aft&GUXT Vl«/M 04/ M 07/06 VttGU*T Vl«/M 04/0* M/M irnn vi*/*
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  • Page 33 Advertisements
    • 1551 33 1 VESSEL VOY SIN PQU PKO PEN BLW SUR PUB BA BIK IRAN VAHDAT PJL 1284 21/05 30/05 IRAN TAKHTI PJL 1286 28/05 0«/0« 07/06 IRAN TEYFOURI PJL 1287 05/06 14/06 15/06 IRAN MOBIN PJL 12«3 20/06 20/06 30/06 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN ft CIS COUNTRIES
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    • 1742 33 DIRECT SAILING I TO SHANGHAI XINOANC j [SINGAPORE'S GENERAI AGIMTS: 6 SHEHTOH WAY TEL: 226 1900 fAX: *****08 OUTWARD (l/L) COSTAR SHIPPING PTE LTD #i7-o« dis ilog sales/bkgs 4205«4i/43 inward dipt (D/O) *****5S COSTAR AGENCIES (M) SDN BHD CINQ: **********0* TOWER TWO (*****9) CONVENTIONAL *****50/55 T/SHPMT DEPT *****25 TEL- 02-07-35
      1,742 words
    • 578 33 I t EASTERN CAR UNER, LTD.'^'Si.'f" B fc. 1 EQ (SINGAPORE) PTE lIP mmSm 1 SPfCIAiIZHH ROUP* HEAVY LIFT UTTO 122 TOMS ECI (SINGAPORE) PTE 110 LOADING FOR YANGON CHITTAGONG PORT KLANG MV "AMRTA VII" V.5 MV "LUNA AZUL" V.l 1 ETA S* 23/05/98 YGN 29/05/98 26/<)5/98 CHITTAGONG MUARA MV
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  • Page 34 Advertisements
    • 1232 34 EUROPE/UK/SCANDINAVIA/yiMIAMD/RUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM A*** HBG PKL SGP E DEVOTE RW-001 24*8 12/06 17*6 13/06 IVM 11AM 17*6 E GLAMOUR RE 055 25AM 30AM 01/05 28*4 20AM 24/05 25/05 i DEVELOP RW-001 30/05 19AM 24AM 2046 22AM 23AM 24/00 E GARLAND RE-053 03/05
      1,232 words
    • 694 34 am MAC-MELS S'fOhE M'Slfl I Carrier MN CONTR LINES, INC P. GUOANG (07) *****28 I I f\~/\ J C/n NOi 1200S7S0000C SJBU: (084) *****9 MANILA: (832) *****24 V w PENANG: (04) *****38 BANGKOK: (882) *****87 SURABAYA: (31) *****0 P. KELANO: (03) *****77 JKTi (21) *****07 MON: (81)*****3 KUCHNG (082) *****1-3
      694 words
    • 331 34 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL I VOT I sm 1 WU I PU» I (FT I I/IAT~ NANttl WAGON VOO6S 24/05 02/06 Oi/Dt 11/0t jMjWWjjg VO77S 31/05 K/06 11/06 MUWi MPS 01/04 17/06 21/06 25/06 7t/04 MUM MAGON Y.OOSS 15/06 25/06 21/06 03/87 NAWTAIPIHKESS V.022S
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  • Page 35 Advertisements
    • 404 35 BSfl it. '.'f! 'icy M MYANMA uHBk FIVE STAR LINE (Myanmar Notional Lino) Loading for Yangon (Rangoon) VtSSil VOY SIN PKG PEN PGU MERGUI 143 W $10 •AGO 102W SID MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUt TU 02-03-*****00 PKL- Til 02-03-*****01 PEN: TEL 02-04-*****02 PCD: 111 02-07-*****21/4 i«| BANK LINE
      404 words
    • 1289 35 A HYUNDAI MERCHANT MARINE CO. LTD. SOU I LEH I RTM I ANT I HAM I BRV I FEL I IVESSE VOY I SOU I LBI I RTM I AMT I HAM I BRV I FEL I SIN I NOLCORAL 001W 22/05 12/06 13/06 07/06 09/06 HY EMPEROR 3111 29/04
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    • 1086 35 MM MB norwegion spaoo*/ed cHAocarrmn IIK„ QS©2J(§ V MM L/HES TO NORTH AND LATIN AMERICA RORO HEAVYUFT SERVICE" VISSII VOY RAMP WIGHT SIN LAX CRI MIA SAV lAI ORF NYC MIW MM HXAS fill 400 Tom 6.3 M "*****" 25/0* ***** 0776T 09/07 11/07 \YJW 13/07 l»/07 19/07 TOIA FBI
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  • Page 36 Advertisements
    • 650 36 BAHOKOK/LAIM CHABAMO JAKARTA/PANJANQ VESSEL VOY MM BKK LCH VESSEL VOY SIN JKT PJN ANAN BHUM 106N 23/08 27/06 OURU BHUM* 796 23/06 28/08 GHANA BHUM 19N 24/06 27/08 27/06 ACX JAPEt 213 28/08 28/06 ACX RUBY 22N 24/08 27/08 28/06 DEJA BHUM 7408 28/08 28/05 28/08 VANTRA BHUM" 241N 24/06
      650 words
    • 409 36 BINTANG MAS SHIPPING PTE. LTD. 36 NEIL ROAD, SINGAPORE 0206 TEL: *****66 FAX: *****64 KmJ TLX: R*****6 SINMER CR No: **********0W Receiving Cargo at PTI I Blwtulu 1 I Muf 1 vtssa yoY sin ry «SS *21 58! SUA ISm miOf 77 73/05 71/05 MMt VWOK 73-74/05 71/05 IM* VWO7E
      409 words
    • 758 36 ir~S ACCORD Mm SHIPPING PTE LTD Til s *****15 (40 Urm) FAX s *****30 KMUAHG (U) U7 mi MM M DIRECT ACCESS TIL: *****55 (EXPORT BOOKING) MOTfiUMM MtSUM *****34 (EXPORT DOC), *****39 (IMPORT) fOU*G WW 14* UMjMTTP://WWWACCORO.COM.SO MUfO POtf TO SIM EOtT m SIN POtr TO SIN POtT TO fin
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  • Page 37 Advertisements
    • 442 37 INDONEsI^/mONA^ME^! TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE VSL VOY A OAM R OAM H BURG BREMEN ANTWERP A VESSEL 22*07 27/07 OMIT 02 08 TO AUSTRALIA I FULL CONTAINER SERVICE VSI I VOY f«f gut SYD MIL HSA MM. FHf WtEWRAiO IVOIS 21,1)6 23f16 3106 0&06 ®06 11,W 14.06 KASUGAI VO9S
      442 words
    • 925 37 SSSrPfI PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I I CR NO **********06 I VESSEL VOY PKL SIM SYD Mil API W W i* KOI* PERWIRA PWIIOOS 26/5 27/5 7/6 10/* 12/6 J*Z* m VUL. looci ABILITY 015 31 /S 1/6 13/6 15/6
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    • 912 37 VESSELS VOY SIN JED MLA LEH HAM THP RTM ZEE V* I F D'ORION Y2SW 28/06 03/06 06/06 14/06 15/06 17/06 18/06 19/06 VIU-E OS MIMOSA V26W 03/06 12/06 16/06 21/06 23/06 24/06 24/06 25/06 VILLEDE TANYA T26W 10/06 19/06 24/06 29/06 01/07 04/07 06/07 06/07 VILLE D£ TAURUS A26W
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  • Page 39 Advertisements
    • 48 39 STEbT^Dial 740-6000 Oil G€fTl3nO —mmJ (Retrieve more schedules!) Press "1" Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number j your phone number Another innovative service offered by eTei >4 The document will be Shipping Times
      48 words



  • Page 42 Advertisements
    • 850 42 SHIPPING LINE LTD I 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 ■I*™ TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. **********00 BOOKINGS CALL LIME: *****41/43 JESSICA/CEHA/MEI CHAN 7 SLGS/WEEK [2E2EH231 2 SLG/WEEK I VESSEL VOY SIN JAK VESSEL VOY 81 PLB SEA LEGEND 693S IN PT
      850 words
    • 617 42 |#n ENG LEE SHIPPING CO PTC UD I *****7$ (4 Um) Put *****30/*****60 I f IU; l»»m«0»<HK VESSEL VOY SIN ETA SIN ETD DESTINATION Rosmolowoti 09/98 22/05 23/05 Polemhong/Kuolo lungkol Dwi Ooyo 08/98 23/05 25/05 Pefowona/P Boru/Buofan Unioci Star 18 08/98 23/05 25/05 Jokorto/boroboYC Union Star 10 06/98 24/05 25/05
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    • 461 42 SIN FAR EAST 29/05 KEELUNG/KAOHSIUNG 24/05 BANGKOK 24/05 MANILA/CEBU 24/05 JAKARTA/BELAWAN/SURABAYA 24/05 PORT KELANG/PENANG/E. MALAYSIA 29/05 BUSAN 24/05 TOKYO/YOKO/KOBE/NGO/OSA 24/05 HONG KONG ISUJ CHINA (4>as±»«n) 24/05 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGOAO/HAIKOU SIN EUROPE/UK 25/05 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES m USA/CANADA 25/05 LOS ANGELES/NEW YORK all IPI
      461 words
    • 449 42 rccm Singapore Soviet Shipping ftNlCo. Pte. Ltd. i))) CR NO: **********0N BOMBAY VESSEL VOY SIN BOM PNG PKL ORIENT AISHWARYA 113N 25/05 03/06 15/06 17/06 KOTA RUKUN RKNOO3 29/05 06/06 18/06 20/06 KOTARATU RTUOII 05/06 13/06 25/06 27/06 ORIENT AISHWARYA 114N 17/06 25/06 06/06 06/06 For Booking (Calcutta) Tel: *****45/46
      449 words

  • Page 43 Advertisements
    • 1141 43 i ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE i VESSEL VOY SIN PIR GOA VIC I lEH I ANR FXT MSC KERRY 9820-3 29 MAY 11 JUN 13JUN 15JUN 18JUN 19JUN 20 JUN M SHARJAH ***** 06 JUN 19 JUN 21 JUN OMIT 26 JUN 27 JUN 28 JUN I MSC
      1,141 words
    • 1740 43 I sro«i W AM h<M W [vessei/voyage s<w «tm HM» W I ynw «W pi M rgm) U!£2? J!« ®*"®J ®!®J 1? mm CASK* 07EA17 26.04 27.04 2944 07.05 20.05 25JJ5 24.05 2L05 27.05 mSi J2"E I*-* J*®* ™2 HOECHST EXPRESS 39EA11 02.05 0445 0545 01.05 24.05 01.04 0104 04iM
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  • Page 44 Advertisements
    • 421 44 pB TICEFHIfIE Singapore Madras Shuttle Singapore Calcutta Shuttle Colombo Calcutta Shuttle Madras Colombo Shuttle Colombo Tuticorin Shuttle Colombo Cochin Shuttle Agents: Ben Line Agencies Contact Peggy Hwang or Mary Teo Tel 225 3522 Fax 224 0163 DIRECT LINES *****80/*****81 Vfe GLORY HAVKATION GROUP REGULAR LINER SERVICE OWNED AND OPERATE LOGGERS/TWN
      421 words
    • 822 44 I FREIGHT LINKS EXPRESS fMP 62 Toh Guan Road, Singapore *****1 Tel *****66 (60 Lines) Fax: *****33 E-mail flesin@singnet.com.sg DIRECT CONSOLIDATION SERVICE TO ALEXANDRIA (ALY), MALTA (MLA), ISTANBUL (IST), BUENOS AIRES (BUE) VESSEL ETD SIN ETA ALY ETA MLA HA IST ETA RUE ZIM PIREAUS VIW 27/05 14/06 ESSEN EXPRESS
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    • 1056 44 OOCL (Singapore) Pte Ltd CFS Keppel Distrpk 79 Ahmd Rood #31-04 (S) *****6 8i Sl3 #01-128 cfo.. NO **********0H Ttt 272 7827 fa fcooM* r^P Ttt *****13 Foi 221 3942 fu: 272 782S :7K\ 'j I V OOCL (Makysia) Sd n Bhd. 1 "**>' PfTALING JAYA Ttt 03-75* 776 FixK)3-7S6S
      1,056 words

  • Page 45 Miscellaneous
    • 123 45 LEGEND: R Thunderstorm Temperature V Shower Weother -Y Wmd direction with speed m knot* .•e Rom J Cloudy Sky Wov height Svrfoce winds art indicated by arrows which fly wit* the wind 0 One tut crcle represents calmV*ght and vonobte winds i__ One half Heche represents 5 knots One fun
      123 words