The Business Times, 5 June 1998

Microfilm: NL21196
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    21 1 THE BUSINESS TIMES MITA(P) ll(V12/97 85<t S I N G A P 0 R E Internet http://www.asial.com.sg/biztimes FRIDAY, JUNE 5, 1998
    21 words
  • Article
    MARKET SUMMARY
    67 1 nm MUBT.T4 (-32.06) M 600.73 (-14.62) nBTOOMP rnAumx (-24.58) □BTMBi •OGUM (-18.63) fTKIUErWMOE Mm Dfwa 8T0CXIIABKET DIDiCES Thnraday Change KLSE COUP il&61_ -7.76 NIKKEI Vkm.il +79.47 HANO SENG Sjfi&U 260 79 8fcT INDEX S1&81 *60 JAKARTA COUP _«W +13.7: MANILA COMP 1JM3L88 +1489 TAIPEI WP! 7,425.96 -***** SEOUL
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  • Article
    FINANCE
    73 1 FOBEX RATES USI s$ UM 1.881 £(US$/SS per 1.639 1766 DM 1.766 0.962 YEN—: 1J8J IJ17* RM—; 1968 0.424 HKS 7.749 Ml? HAHT 4196 0.039 RCPIAH 11,566 0.016* St-ttO units nans BATES SINGAPORE* 7.88 KUALA LUMPUR 1150 JAKARTA .28.00 RANGKDK 14.75 MANILA ZLM HONGKONG 10.25 TAIPEI 8.80 SYDNEY 8.46
    73 words
  • Article, Illustration
    Lock icon Indonesia strikes debt deal with foreign banks
    1061 1  -  Analysts amazed at speed USsBob debt rescheduling agreement reached From S N Vasuki in Jakarta IN A development that amazed most market participants, Indonesia and 13 international banks yesterday reached agreement on rescheduling the country's massive US$BO billion (*****.4 billion) offshore debt. The
    AFP  -  1,061 words
  • Article, Illustration
    Anwar earmarks RM25b for agency to help clean up banks
    636 1  -  Agency expected to be tip and running by end-July From Ruth Wong in Kuala Lumpur MALAYSIA'S Asset Management Company (AMC), the newly-formed agency which the government hopes will help clean up the balance sheets of the country's battered banks, will
    636 words
  • Article
    UK shocks with rate hike to 7.5%
    654 1  -  Quarter-point rise surprises analysts, Footsie slides fiYom Neil Behrmann in/xmdon THE Bank of England yesterday stunned forecasters and raised interest rates to 7.5 per cent from 7.25 per cent, sending share prices in retreat and the pound soaring. The FT-SE 100 stock index
    654 words
  • Article
    Breakthrough in S'pore team's talks to buy Natuna gas
    613 1  -  Details of 3 deals involving SembCorp consortium fixed By, Ronnie Lim [SINGAPORE] There has been a breakthrough in the bid by a Sembawang Corpora-tion-led consortium to buy Indonesian gas for power stations and petrochemical industries here, under a mul-ti-billion dollar deal.
    613 words
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      Page 1 Advertisements Column 1
      128 1 ■nana Three-times champion Monica Seles yesterday sent world No 1 Martina Hingis crashing oat of the semi-final of the French Open when she scored a (W,6-2 victory in 60 minutes. She will play Arantxa Sanchez-Vicario who defeated Lindsay Davenport 6-3,7-6 (7/5),. Heck Lock Slaw What's with Haw Par's 1908 warrants?
      128 words
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      6 1 Malaysia's policy dilemma, Editorial Pg 10
      6 words
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      Page 1 Advertisements Column 3
      244 1 Indonesian aid: IMF needs more info, Pg 5 Timeless values. t jA I Empire Period ~J V Geneva Duplex escapement movement by llbery of London. These two exquisite watches, ex Day-Date in the shape of peaches, are is appreciated for more called «For China». than just the twenty-five The craftsmen
      244 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Corporate chiefs to help govt with labour blueprint
      295 2  -  By* Carol Eng A HOST of corporate bigwigs are among some 90 people roped in to formulate Manpower 21 a blueprint to develop a globally competitive workforce. The private sector chiefs joining top civil servants, statutory board chiefs and union leaders on
      295 words
    • Article
      Crusade Cleaning wins green award
      221 2 BEING green has paid off for Crusade Cleaning Services Pte Ltd in more ways than one not only does the carpet cleaner attract more customers by not hurting the environment, it has also won the first Singapore Environment Achievement Award. The company stands out for
      221 words
    • Article, Illustration
      Lock icon World chip sales seen falling 1.8% this year
      438 2  -  Forecast bleaker than Dataquest's; blame placed on Aritn financial rrigjg By* Jennifer Lien DRAGGED down by the Asian economic crisis, world chip sales will fall 1.8 per cent this year instead of grow 17 per cent as forecast earlier, the US-based Semiconductor
      Source:  -  438 words
    • Article
      Singapore is Asia hub for US satellite radio system
      368 2  -  World Space's digital radio to be broadcast to 122 countries By Toh Han Shih AMERICAN satellite radio system World Space has chosen Singapore as its Asian hub. World Space Asia managing director John Sharp told BT recently that his company had
      368 words
    • Article, Illustration
      Lock icon Sarawak eyes S'pore yuppie visitors and investments
      321 2 SARAWAK'S Tourism Minister James J Masing hopes to attract Singapore's young urban professionals as well as investment money to his country. "Singapore yuppies like adventure holidays and they spend a lot of money," he said. Though the number of Singapore visitors is relatively
      FILE PHOTO  -  321 words
    • Article, Illustration
      Lock icon Outgoing int'l calls up 4%
      313 2  -  EYE ON THE ECONOM7 Telecommunications By Teh Hodi Ling THE number of outgoing international telephone calls grew just 4 per cent year-on-year in April one-third the growth seen in March. Compared with the preceding month, however, the April volume of 19.9 million calls actually fell
      Source:  -  313 words
    • Article
      S'pore 10th on microeconomic index
      421 2  -  US tops new index developed by World Economic Forum By Kau Yi Kang SINGAPORE may have yet again been ranked the world's most competitive economy by the World Economic Forum (WEF), but another analysis based on microeconomic variables shows that it lags behind nine other
      421 words
    • Article
      Ka-shing's Canada condo launch
      339 2  -  By, Abdul Hadhi HONGKONG tycoon Li Kashing's 360-unit Marina Side Resort Residences in Vancouver will be launched here this weekend after missing its marketing window in Canada. The marketing launch in Vancouver is now slated for September. Seventy units in Marina ide the latest condominium project
      339 words
    • Article
      Banks should educate consumers
      392 2  -  LETTER TO THE EDITOR Wei Ping Ng Singapore via Internet I REFER to the report, "Many home buyers may face 40 per cent jump in loan payments" (BT, June 4). As a consumer, I consider the remark "Why blame the banks if you fall for the
      392 words
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  • TELECOMS CONFERENCES
    • Article, Illustration
      Motorola to launch voice pager in S'pore next year
      414 3  -  Other devices include a two-way message pager and a wristwatch pager By David Boey US TELECOMMUNICATIONS giant Motorola plans to launch several pagers in Singapore that promise to revolutionise the way the humble beeper has been used as a person-to-person communications
      414 words
    • Article, Illustration
      Motorola to expand satellite network's uses
      366 3  -  Advanced wireless functions, faster data for system By* Teh Hooi Ling GLOBAL satellite mobile phone system Iridium is looking into new applications for its US$5 billion (SsB.4 billion) network, which is built primarily for voice. Chad Madden, manager of business development at Motorola's space
      366 words
    • Article
      Telecom operators leaning more on vendor financing
      462 3  -  Equipment suppliers face growing request In Asia amid turmoil By• Teh Hooi Ling TELECOM operators In Asia, hit by the current economic crisis, are increasingly asking Infrastructure suppliers to provide vendor financing for their networks. "Before, (vendor) financing was a plus point; now
      462 words
    • Article
      S'pore proposes Apec training plan
      218 3  -  ty' Teh Hooi Ling SINGAPORE yesterday unveiled an Integrated training programme in broadband technologies and multimedia applications for Apec economies. Singapore's proposal, made at the third Asia-Pacific Economic Cooperation ministerial meeting on the telecommunications and information industry, alms to help address the skills development gap
      218 words
    • Article
      S'pore signs MOU to promote global learning
      238 3 STUDENTS and teachers of Singapore, Canada and the US state of Pennsylvania will in the near future be able to videoconference and teleconference, chat and exchange documents as if they were in the same classroom. A memorandum of understanding (MOU) on the threeway
      238 words
    • Article
      S'pore One ready to link up with other networks
      130 3 SINGAPORE is prepared to link Its Singapore One broadband network to other similar networks in the region or the world as and when they are established. LTC (NS) Foo Jong Ai, the Telecommunication Authority of Singapore's multimedia development director, said Singapore
      130 words
  • Page 3 Advertisements
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      92 3 WORLD WIPE I II J975 our worldwide staff of over 275 multi-disclplinedprof«s!ona^ I including lawyers, chartered accountants, chartered secretaries and I I bankers have provided confidential and cost effective company formation I In all the major low tax areas including: I Full professional after sales service provided. For a FREE
      92 words
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      Page 3 Advertisements Column 2
      172 3 A little tailoring tip on collars ,<,ll i i||, tiiii i•• 11 «>| i\\i 11 iii i. I liiil <•*ll 11 111 In I 11 > 111« I 11 i" 111 it»i> 111■''' Hlll>i* *****11 tin i.I, .i 1 N iM- »w 11««<i nH Ii i. <i 111 11!i(■ 11<
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      Page 3 Advertisements Column 3
      338 3 A* ofcv (fib Wai (%eot\g Valors Cv Shanomla Hotel v) Temporary Relocation 002-43 Peninsula Plaza corner of North Bridge Road Coleman Street, (opposite St Andrew's Catheral) OFFERS 20% DISCOUNT from now till end September 98 Shirts Swiss and English cottons Trousers Washable and dry clean Blazers and Sports Jackets Suits
      338 words
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  • FOCUS
    • Article, Illustration
      US chipmakers turn to Asian foundries
      849 4  -  Lower costs, switch to generic processes favour Asian units By Jennifer Lien [SAN JOSE, California] DESPITE the Asian crisis and the two-year-old chip industry slowdown, more US chipmakers are using semiconductor foundries, which are mostly based in Asia. A gradual transition from specialised fabricated
      849 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      936 4 CLEARANCE SA L E N0 W 0 N PAZYRYk arpets stock Clearance Sale I: nd s St I) o J lu)i e 'V S wide raiiijcofqualih Persian tS: Caucasian Carpet, Hug, Kilim, Runner (iaheh, which arc specially imported to Singapore to meet the rising demand, discounts from 2 0 °o
      936 words
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      Page 4 Advertisements Column 2
      457 4 IN THE MATTER Of THE COMPANIES ACT. CAP. BO MAONUM SHIPPING PTE LTD (Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company deemed to be held on 28th May 1998 the following resolutions were duly passed as:SPECIAL RESOLUTION 'That the Company be wound up voluntarily.* ORDINARY RESOLUTION "That
      457 words
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      Page 4 Advertisements Column 3
      691 4 IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF NIKKO ASSET MANAGEMENT (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 290(2)<b)] At an Extraordinary General Meeting of the Company held at 77 Robinson Road #28-03. SIA Building. Singapore
      691 words
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      Page 4 Advertisements Column 4
      382 4 IN THE MATTER OF THE COMPANIES ACT. CAT.» AND IN THE MATTER Of HASEN PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE IS HERERY GIVEN that the Creditors of the aboveaamed Ccimpaay. which n bring wound up voluntarily. art required on at before the l« My IW lo lend in dieir uma
      382 words
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      Page 4 Advertisements Column 5
      21 4 hrirt Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. f§ Another Classified Service
      21 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Jakarta vows open bid process for Krakatau Steel
      713 5  -  Pledge comes after row over sale plans; int'l bank to be named adviser today From S N Vasukl in Jakarta THE Indonesian government will name an international investment bank today to advise it on the sale of equity in state-owned steelmaker PT
      713 words
    • Article
      Lock icon Suharto's children to sell BCA stake: daily
      248 5 AFP [JAKARTA] Two children of former president Suharto will sell their minority stake in Indonesia's largest private bank, the troubled Bank Central Asia (BCA), a report said yesterday. The Pelita daily, quoting an unnamed BCA source, said Mr Suharto's son Sigit Hardjoyudanto and
      AFP  -  248 words
    • Article, Illustration
      Lock icon Shattered dreams
      49 5 [HONGKONG] A passer-by looking through a window as small investors protest outside the Hongkong Stock Exchange yesterday, after their securities firm collapsed and failed to return their investments. Hongkong is facing its worst economic crisis in years, with a host of businesses being forced to close. REUTERS
      REUTERS  -  49 words
    • Article
      Kim guarantees closure of chaebols' debt-laden affi liates
      466 5  -  From* Jennifer Veale in Seoul FACED with mounting international criticism of his country's reform efforts, South Korean President Kim Dae Jung has stepped in to guarantee that debt-laden affiliates of major conglomerates will be closed down. His decree came after it was
      466 words
    • Article
      Lock icon Indon aid: IMF needs more info
      362 5 Its team will visit Jakarta next week for talks Bloomberg AFP [JAKARTA] After a visit by a top official to assess the political and economic situation in Indonesia last week, the International Monetary Fund said it decided it needs more information before resuming disbursement
      Bloomberg; AFP  -  362 words
    • Article
      Baht weak on local sales, Asian currencies mixed
      310 5  -  Enpiah up 1.3%; most other currencies fall with the yen By) Larry Wee [SINGAPORE] The Thai baht was the weakest performer in a mixed session for regional currencies in Asian trading yesterday. It eventually ended with a net loss of 1.6 per
      310 words
    • Article
      Merrill to pay US$68m for 51% of major Thai broker
      323 5  -  From. Harish Mehta in Bangkok US INVESTMENT bank Merrill Lynch will today buy a 51 per cent stake in major Thai brokerage Phatra Securities for US$6B million (*****.2 million). Analysts described the move as rare and welcome news for the
      323 words
    • Article
      Stocks hit by weak currencies, US jitters
      342 5  -  By\ R Sivanithy (SINGAPORE] Regional equity markets closed generally lower yesterday amidst further weakness on the currency front and an unstable showing by Wall Street on Wednesday. Here, the deteriorating outlook for the electronics sector following a negative report by the Semiconductor Industry
      342 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Court allows creditors to take over Alphatec rescue
      294 6 BANGKOK Case seen as landmark decision nnder new Thai bankruptcy la ws Reuters IN a landmark decision under Thailand's new bankruptcy laws, a civil court yesterday gave creditors permission to take charge of rescuing Alphatec Electronics Pic, once the country's leading electronics
      Reuters  -  294 words
    • Article
      KTM pact: KL seeks clarification
      436 6 KUALA LUMPUR M'sia wants to clear up points in accord with S'pore over Bt Timah land, says newspaper MALAYSIA is seeking to clarify certain points in an agreement with Singapore to jointly develop land owned by Malayan Railway (KTM) in the republic, The Star daily
      436 words
    • Article
      Lock icon East Timor commander among 12 killed in copter crash
      251 6 JAKARTA AFP THE army general responsible for security in East Timor and 11 other Indonesian officers were killed yesterday in a helicopter crash in the troubled territory, the military said. It denied separatist claims that the helicopter was sabotaged and described
      AFP  -  251 words
    • Article
      Lock icon Soros eyeing Manila's PNB stake: report
      166 6 MANILA AFX-Asia GEORGE Soros has expressed interest in acquiring the government's remaining stake in Philippine National Bank, the Philippine Daily Inquirer reported yesterday, quoting Finance Secretary Salvador Enriquez and banking sources. The sources said Mr Soros has informed PNB president Peter Favila of his
      AFX-Asia  -  166 words
    • Article
      Thai govt considering US$2b fund to boost competitiveness
      311 6  -  Proposal by Thai think-tank well received but may face funding problem From Harish Mehta in Bangkok THE Thai government is looking into setting up an economic structural fund of U552.25 billion (Ss3.B billion) to invest in building up export competitive industries, and
      311 words
    • Article
      Lock icon US citizens told to delay travel to Indonesia
      197 6 WASHINGTON Reuters THE US State Department on Wednesday told US citizens to delay all non-essential travel to Indonesia, saying the political and economic situation was still unsettled. "Americans in all parts of Indonesia should employ caution and avoid large crowds, demonstrations, and
      Reuters  -  197 words
    • NOTE Book
      • Article
        Lock icon Friendly change of guard
        47 6 Reuters [MANILA] Joseph Estrada.was shown the palace which will be home for the next six years yesterday. President Fidel Ramos, who acted as guide, said the tour showed that unlike some countries, the transfer of power in the Philippines was friendly and peaceful.—Reuters
        Reuters  -  47 words
      • Article
        Lock icon Leo Burnett pulls out tasteless snack ad
        73 6 Reuters [BANGKOK] Advertising agency Leo Burnett Rangirnk has withdrawn its Thai advertising rampaign for a potato crisp brand which featured Adolf Hitler in the lead role. The ad, which featured Hitler in military uniform tasting crisps and giving a Nazi salute in front
        Reuters  -  73 words
      • Article
        Lock icon Myanmar won't hand drug lord to US
        70 6 AFP [TOKYO] Myanmar's ruling military junta angrily reftised yesterday to hand over to the US infamous drug lord Khun Sa, who tope a US list of five wanted narcotics kingpins. Lieut Colonel Hla Min, spokesman for the junta who is visiting Tokyo for
        AFP  -  70 words
    • Article, Illustration
      Lock icon Estrada denies part in Imelda petition
      274 6 MANILA AFP PHILIPPINE President-elect Joseph Estrada has denied involvement in the solicitorgeneral's petition for former first lady Imelda Marcos to be acquitted of corruption charges, reports said yesterday. "I do not know anything about it," Mr Estrada was quoted as saying, adding he has
      AFP; REUTERS  -  274 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      51 6 Quality Villas Built to your Choice of Location and Design. Excellent for a Holiday Villa, or Commercial Property Investment and the Business Investment. for f\U these Attractive investments and More, Ca/f us for a free Discussion and a free Trip to Australia to fxplor the Opportunities for your budget and
      51 words
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      Page 6 Advertisements Column 2
      110 6 It's tough times like these that bring out the best. 1998 Enterprise 50 nominations are now open Companies can nominate themselves by completing the official nomination form. Companies must be home-grown, privately-owned and incorporated under Singapore's Companies Act (1994 Revised Edition) with four years of audited statements. Nomination forms are
      110 words
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  • CHINA-HONGKONG-TAIWAN
    • SINO Briefs
      • Article
        Lock icon China Airlines names new safety board
        101 7 AFP [TAIPEI] Taiwan's China Airlines (CAL) yesterday appointed a new board of experts and industry leaders to try to improve safety after the island's worst air disaster. The firm said it removed 10 of the 11 directors at a board meeting, leaving only president
        AFP  -  101 words
      • Article
        Lock icon Taiwan lawmakers to lobby Washington
        76 7 AFP [TAIPEI] A group of Taiwanese lawmakers will travel to the US next week to lobby Washington against any plans to trade the island's interests during US President Bill Clinton's China visit, a legislator said yfesteiMay. The delegation of parliamentarians from Taiwan's rival political parties
        AFP  -  76 words
      • Article
        Lock icon Bering raps US for Taiwan arms sales
        84 7 AFP [BEIJING] The Chinese government yesterday criticised the United States for selling specialist navigation equipment for F-16 fighters to Taiwan. The US is to sell US$l6O million (***** million) worth of equipment to improve the night-fighting capability of Taiwan's F-16 planes, Taiwan's state-funded
        AFP  -  84 words
    • Article
      Lock icon China insists on Tiananmen welcome for Clinton
      387 7 BEIJING Bering to adhere to protocol despite controversy AFP CHINA yesterday signalled its reluctance to break with custom and stage a welcoming ceremony for US President Bill Clinton at a less controversial site than Beijing's Tiananmen Square. Asked whether Beijing would protect Mr
      AFP  -  387 words
    • Article, Illustration
      Lock icon First HK post-handover Tiananmen vigil
      321 7 HONGKONG Candlelight watch for pro-democracy demonstrators killed in Jane '89 Reuters HONGKONG residents streamed in to a central park yesterday to lay wreaths in memory of pro-democracy demonstrators massacred in 1989 by the Chinese army around Beijing's Tiananmen Square. Despite steady rain, thousands gathered for
      Reuters; REUTERS  -  321 words
    • Article
      China's equities investment forecast to grow 20.7%
      462 7  -  SINGAPORE Financial assets held by citizens will rise 16.4% in real terms to 12X yuan: report By] Lu Ning ORDINARY Chinese citizens' investment in securities is expected to grow 20.7 per cent this year to 760.4 billion yuan (*****.5 billion), predicted financial experts
      462 words
    • Article
      Lock icon 22-carat gold coin to mark opening of new HK airport
      129 7 HONGKONG AFP THE Hongkong Monetary Authority (HKMA) said yesterday it would issue a commemorative gold coin to mark the opening of the territory's new airport next month. The 22-carat coin, manufactured by Britain's Royal Mint, will have a nominal face
      AFP  -  129 words
    • Article
      Lock icon China resumes debt repo trading
      179 7 SHANGHAI Reuters CHINA'S central bank has resumed offering debt repurchase agreement (repo) trading services on the nation's money market, the official Xinhua news agency said yesterday. The decision to resume repo trading was made to meet the fund needs of commercial banks and speed up
      Reuters  -  179 words
    • Article
      Lock icon China hails US extension of MFN status
      269 7 BEIJING AFP CHINA'S foreign ministry yesterday hailed US President Bill Clinton's decision to extend most favoured nation (MFN) trading status for another year. It also urged Washington to approve permanent MFN status for China in order to stabilise trade relations between the two
      AFP  -  269 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
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      46 words
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      Page 7 Advertisements Column 2
      42 7 t Available with colour panels, mirror panels, stainless steel panels, stainless steel wraps and designed for built-in. jffmana 180 P«y» Übv Road #oWBYiQulngßu«ding Singapora *****2 Tat: *****88 Fax: (66) *****02 I I Showroom 176 Prelum Road «03-43F Cantrapohrt Singapore *****3 Tal: *****88
      42 words
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      716 7 DDI HWA TAT LEE HOLDINGS LIMITED NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 11 Gul Circle, Singapore *****7 on Friday, 19 June 1998 at 10.00 a.m. to consider, and if thought fit, pass the following resolutions and to transact any other
      716 words
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  • ASIA
    • Article
      Lock icon India plans to open insurance sector to foreigners
      356 8 NEW DELHI AFP INDIA plans to allow foreign players into its giant insurance sector over the long term after opening it to domestic firms this week, Finance Minister Yashwant Sinha said in an interview published yesterday. Mr Sinha, who unveiled the maiden
      AFP  -  356 words
    • Article
      Lock icon India's credit rating may be cut, says Moody's
      357 8 BOMBAY This follows similar warning by SAP after sanctions sparked by N-tests Bloomberg INDIA, for the second time in two weeks, was warned by an international credit rating company that its rating may be cut. Moody's Investors Service said pressure to lower
      Bloomberg  -  357 words
    • Article
      Lock icon Bharti starts 1st Indian private phone service
      467 8 INDORE, India Operator vows to provide new lines within days AFP INDIA'S first private telephone network was unveiled here yesterday to end the state monopoly, with the company vowing to provide new lines to customers within days rather than months. The service was
      AFP  -  467 words
    • Article
      Lock icon N-tests dim Pakistan's chances of joining ARF
      227 8 TOKYO Reuters PAKISTAN'S chances of being admitted to a regional security group have receded in the wake of its nuclear tests, Philippine Foreign Minister Domingo Siazon said yesterday. "I think with the present situation, its chances of getting in as a full member
      Reuters  -  227 words
    • Article, Illustration
      Lock icon Packer's fine now, says aide, killing rumours of his death
      256 8 LONDON Rumours swept through Aussie financial markets Reuters AN AIDE to Kerry Packer denied rumours yesterday that Australia's richest man has died and said health problems are not currently a cause for alarm. "The reports (of his death) are totally
      Reuters  -  256 words
    • Article, Illustration
      Lock icon 'The Toaster' to go?
      68 8 An almost completed apartment building known as "The Toaster"for its nondescript facade, sitting behind the Sydney Opera House. Reviled as the most hated building in Australia, it may be pulled down after growing public protests and petitions signed by over *100,000 people. Luxury hotelier Hongkong and
      REUTERS  -  68 words
    • Article
      NZ economy not all doom and gloom: Kiwis
      621 8  -  NewZealanders refute Aussie media claim of NZ crisis From David MoLoughlin in Auckland NEW Zealand's economy seems to be turning around despite a horrendous current account deficit, but Australian media claim it is poised to be the next domino to fall because
      621 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      96 8 ERE! If you have found something, you can advertise fox free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. Anotfw cimiid Ifvtct International School Come and Join more than 40 different cultures for a truly International education. We qffer: Early childhood education (age 3) T to
      96 words
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      Page 8 Advertisements Column 2
      140 8 Dried and Fresh Abakme Set WE SERVE 1 L $99-ill CANTONESE 1 CjUIoIJNr, I WITH .--sbjss-*- 1 A Baked Shark's fin and Seafood in GrabShd) J Steamed Lobster with Gartk |J SteomedDriedConpoyinCiKumktr J FriedH.K.KalewftfiAbaloneSauce 1 Mini Fried Rke in lota Leaf If I DIFFERENCE "resh Almond Juke j■ |i Ah
      140 words
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  • THE WORLD
    • Article
      Lock icon US$l.3b Eurobond issue lifts Russian stocks
      279 9 MOSCOW AFP RUSSIA'S drained public coffers received a billion-dollar boost yesterday as the government raked in funds from fresh international borrowing, giving domestic markets further cause to rally. The finance ministry said it had issued a US$l.25 billion (SS2.I billion) Eurobond tranche, drumming up
      AFP  -  279 words
    • Article, Illustration
      Lock icon Comfort alter the storm
      75 9 [SPENCER, South Dakota] Lucille Mone, 89, from Spencer, South Dakota, is comforted by Vice-President Al Gore as he tours this storm damaged town on Wednesday. Spencer was destroyed after a tornado touched down on May 30. Six people were killed and over 150 injured in the
      REUTERS  -  75 words
    • Article
      Lock icon US factory orders surge as demand at home grows
      467 9 WASHINGTON Bat strong data elouded by weak exports to Asia and flood of imports Bloomberg ORDERS placed with US factories in April registered the largest increase in five months as domestic demand cushioned the adverse effects of the Asian crisis on
      Bloomberg  -  467 words
    • Article
      Lock icon Germany's first-qtr GDP growth fastest since reunification
      306 9 WIESBADEN, Germany Bloomberg THE German economy grew during the first quarter at its fastest annual rate since reunification in 1990, stoked by higher consumer spending and corporate investment. Gross domestic product, a measure of total economic output, expanded one per cent in the
      Bloomberg  -  306 words
    • Article, Illustration
      Of strikes and Spice, and things not so nice
      666 9  -  HUROPHAX VIBW A look at self-interest among French pilots, In the Russian economy, and among the Spice Girls By Kevin Sullivan IN A week when the Russian economy lurched between resuscitation and collapse, and French hopes of World Cup glory looked
      666 words
    • Article
      Lock icon US economy grew too quickly in Q1: Fed official
      492 9 WASHINGTON Fed closely monitoring impact of Asian crisis on US Bloomberg THE US economy grew at too rapid a pace in the first quarter, Fed vice-chairman Alice Rivlin said on Wednesday. First quarter growth was "unsustainably rapid", she said on the
      Bloomberg  -  492 words
    • Article
      Lock icon US public support for IMF may be waning, says Rubin
      324 9 CAMBRIDGE, Massachusetts Bloomberg US Treasury Secretary Robert Rubin said on Wednesday he worries that public support for the International Monetary Fund and other international institutions "may be waning". "I have become deeply concerned and I can tell you the president
      Bloomberg  -  324 words
    • Article
      Lock icon Wall St prepares to fight Y2K bug
      345 9 NEWYORK After testing, firms which don't comply may lose business Reuters WALL Street is throwing considerable muscle into cleaning up the Year 2000 glitch in the computers that process billions of dollars worth of trades daily, even pitching in to help smaller firms
      Reuters  -  345 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      That same old foreign policy paradigm
      767 10  -  THB BOTTOM LDVB OPINION By Leon Hadar The writer is BT's Washington correspondent DURING her last visit to India, US Secretary of State Madeleine Albright was forced to cut short her stay in New Delhi and was ordered by President Clinton to fly ASAP
      767 words
    • Article
      IN OTHER WORDS
      126 10 There was the silence of the dead. Then we saw about 20 or 30 people who had managed to escape. No one said anything. Then we heard whimpering and screams.' Gerhard Bleyl among the first to arrive at the site of the train wreck In Germany. 'I
      126 words
    • Article
      Malaysia's policy dilemma
      599 10 EDITORIAL THE contraction in Malaysia's first-quarter gross domestic product highlights just how serious the economic situation has become. The country's policymakers find themselves caught between two sharply contending schools of thought on how to tackle the malaise: reduce interest rates to help highly-lever-aged companies, or keep monetary
      599 words
    • Article, Illustration
      Lock icon IMF faces flak again
      925 10  -  Like in Asia, its remedies for solving Russia's economic troubles have more than a few critics BV Peter Passell NYT YET another emerging-mar-ket economy has been forced to the brink by financial panic. And yet again the International Monetary Fund is riding to the rescue. Only
      NYT; AFP  -  925 words
    • Article
      Rethink needed on property
      437 10  -  MAILBOX Henry Lim, Singapore via Internet I REFER to the Ministry of Finance (MOF) letter dated June 1 in response to the BT Editorial of May 28, in particular to its decision not to adJust further the property measures Introduced in May 1996. Firstly, the MOF
      437 words
    • Article
      'Hypocrisy' far from a major concern in nuclear debate
      288 10  -  Vaughn Davis Bornet, PhD Ashland, Oregon, USA via Internet THE Bottom Line column titled "Nuclear club's outrage exposes its hypocrisy", (BT, June 2) offers a useful outline of recent decision-making. However, one must sigh at Mohan Kuppusamy's incidental sniping at (US
      288 words
  • Page 10 Advertisements
  • Page 10 Miscellaneous
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
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      644 words
    • Advertisement
      Page 11 Advertisements Column 2
      119 11 -w RELISH PINE COURT j CHINESE RESTAURANT S BEIIING DUCK FOR ONLY $25+++ Reservations: 831 6262/66 JXL QEE7T BBS CHINESE »5 Orchard Road Mnaapore 0W67 ttSTALTUVT Tri *****11 2SU\ hoy 7H\ o*oy DoVf K»ijj VUe unique Hew Orleans cuisine ot Hvs bij cel«b»Hy eUef. Hit siymH*™* JUsUei, re-e»««fe> by e*f«»+
      119 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      748 11 TV&RADIO Premiere <• by Wheel of Fortune. 10.00 TV Shopping Network. BaA 6.30 The Pyramid Game. LOO PMTV Innovations. PMTV Innovation B 700 New s 5At Seven. 3.00 CDIS. j».. 1 i, Diiti: Space 7>30 Suddenly Susan A 4.00 Hiburan Hujung Ming- r°P Kiss Is Just Amiss (See gu. '■"2a
      748 words
    • Miscellaneous
      Page 11 Miscellaneous Column 2
      166 11 CRYPTIC CROSSWORD 1 Lead's beaten in some areas of j r 4 Habit include century in ___IH__■ML_ 22 Flower open, possibly, before 29D^SrhorS e 3 S?(5)' 10 say, having no form? mfIMtDAY-8 aotjrnow DOWN 15 Bit of a fight (5) HeW'HJJPßlftflilH 1 Clears all trees and soft reeds 16 Slough
      166 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Bold images of an icon
      771 12  -  Catch Keith Baring's playful, energetic spirit at the Wetterling Teo, writes p n nayaham P N NAYARAN ONCE upon a time a man named Andy Warhol forced people to accept soup cans as art, and the artistic world was never the same again. Following in
      771 words
    • Article, Illustration
      Lock icon Stockton leads Jazz to victory
      978 12 NBA FINALS Utah Jazz leads 1-0 after beating Chicago Bulls 88-85 in overtime LAT-WP [SALT LAKE CITY] Despite a terrible performance by Karl Malone, the Utah Jazz took a 1-0 lead on the Chicago Bulls in the NBA finals with an 88-85 overtime victory on
      LAT-WP; REUTERS  -  978 words
    • Article, Illustration
      Lock icon An elegant opening for the Festival of Arts
      473 12  -  ARTS By\ Chua Soo Pong CULTURAL diversity was elegantly celebrated last night by one of the top dance companies in South-east Asia, the Bayanihan Philippine Dance Company. It was also the gala performance which opened this year's Singapore Festival of Arts. Formed
      ST/SONIA TAN  -  473 words
    • Article, Illustration
      Lock icon Hingis out, Seles to meet Sanchez Vicario in final
      749 12 §9 minutes was all it took for Seles to trotmce the top seed AFP (PARIS] Experience and determination proved to be the vital factors as Monica Seles and Arantxa Sanchez Vicario set up an intriguing title showdown at the French Open
      AFP  -  749 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      194 12 THE WEATHER Stafftporec Showers with thunder mainly over Northern and Western Singapore clearing in the evening. Temperature (32/27 C) AiU-Padflc Lo/Bf Ooatd. Jmmtn 1*29 dear Sukhata *14 rirar Aurtlud 11/17 rinatv Meat 2IVJ6 char Vl— I 7» <W tlMpri* tt/X showers Zunrh 11/2 a dmnh l&H DM in WHI* OMML
      194 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Comfort shocks with 44% net profit fall to $18.5m
      508 13  -  Exec-condo, Peugeot distributorship losses; sharply higher depreciation Byl Christopher Tan [SINGAPORE] Losses from the Summerdale executive condominium (EC) project, sharply higher depreciation and continued losses from its Peugeot distributorship knocked a big dent in Comfort Group's earnings for the year ended
      FILE PHOTO  -  508 words
    • Article
      Keppel, Tat Lee to merge ops after August
      366 13 MAS has given approval, EGMs to be held in Jnly [SINGAPORE] Keppel Bank and Tat Lee Bank, the smallest of Singapore's six local banks, are expected to merge their operations soon after August this year. The two banks said yesterday that the
      366 words
    • Article
      UOB bites the bullet with sale of Haw Par warrants
      751 13  -  HOCK LOCK SIEW Lee Han Shih WHY is United Overseas Bank selling Haw Par 1998 warrants like there is no tomorrow? The likely answer is: there aren't too many tomorrows left for the warrants. In the past few weeks, the
      751 words
    • Article, Illustration
      Lock icon IPC at historic low on missed repayment report
      489 13  -  Company confirms it is seeking to restructure loan; shares fall 12-5% By. Annette Pan [SINGAPORE] The IPC Corp stock was battered to its all-time low yesterday, closing 1.5 cents or 12.5 per cent down at 10.5 cents following a BT report that
      Source: Reuters  -  489 words
    • Article
      IPC: Banks yet to declare default
      216 13  -  LBCTBR TO THE EDITOR Sally Lauw Director IPC Corporation Ltd WE refer to the report "IPC misses payment of USsBm loan instalment" by Lee Han Shih and Annette Pau in BT, June 4. Please be informed that IPC started discussions with its bankers in
      216 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Morgan Stanley lists top Asian stock picks
        584 14 Bnt it's wary about Asian country funds, favouring Europe, Brazil instead AFX Asia Bloomberg [SINGAPORE] Morgan Stanley Dean Witter has identified its 20 most favoured current share investments in Asia in a report called The Asian Edge. Picked from a list of the
        AFX Asia; Bloomberg  -  584 words
      • Article
        Lock icon C P Pokphand fails to reveal HK$130m loans
        283 14 Loans to related parties repaid but HK exchange not rating oat action AFX-Asia Bloomberg [HONGKONG] C P Pokphand Co Ltd, one of the the largest foreign companies doing business in China, said it has failed to disclose loans of HK5129.30 million (Ss2B
        AFX-Asia; Bloomberg  -  283 words
      • Article, Illustration
        Lock icon UEM unit seeks financial help over second link
        513 14  -  Linkedaa hit as toll revenue is 'way below 5 break-even level From Ruth Wong in Kuala Lumpur LINKEDUA (Malaysia) Bhd, concessionaire for the second crossing between Malaysia and Singapore, has turned to the Malaysian government for financial help, and expects "an arrangement"
        FILE PHOTO  -  513 words
      • Article
        Lock icon Primetown uses land stakes to settle debt
        161 14 AFX-Asia [MANILA] United Coconut Planters Bank said Primetown Property Group has agreed to relinquish "a valuable stake" in its two projects in Makati and Cebu as partial payment for 1.16 biUion pesos (5549.8 million) worth of outstanding loans. Primetown has also granted Cocobank
        AFX-Asia  -  161 words
      • Article
        Lock icon Tenants at HK's Peninsula Hotel seek 50-60% rent cuts
        125 14 Bloomberg [HONGKONG] Hongkong Shanghai Hotels Ltd is facing a revolt among retaUers at its flagship Peninsula Hotel in Kowloon, the South China Morning Post said yesterday, citing a letter sent by the shopkeepers to hotel management. The retaUers said rents at
        Bloomberg  -  125 words
      • Article
        Lock icon No Globe, BayanTel pact
        88 14 AFX-Asia [MANILA] Globe Telecom GMCR Inc said it has not entered into any formal negotiations on a possible merger with Bayan Telecommunications Inc. "Globe has had no formal negotiations or agreement with BayanTel on any proposed merger as of this time," company assistant vice-presi- dent for
        AFX-Asia  -  88 words
      • Article
        Receiver named for Rahman property
        181 14  -  By By Meera Tharmaratnam in Kuala Lumpur RAHMAN Hydraulic Tin Bhd announced yesterday that Lim Tin Huat of Arthur Anderson Co has been appointed by MBf Finance Bhd as receiver and manager of its property Pinang Tunggal Estate under section 186 (1) of the Companies
        181 words
      • Article
        Lock icon Jardine car arm suffers as HK luxury car sales slide
        327 14 SCMP [HONGKONG] Jardine International Motors has suffered a significant drop in demand for new cars, as industry data showed luxury cars had taken the brunt of the drop in sales this year. Chairman Anthony Nightingale said the downturn across Asia
        SCMP  -  327 words
      • Article
        Lock icon Wuhan Iron and Steel plans IPO of 288m 'A' shares
        259 14 Reuters [HONGKONG] China s Wuhan Iron and Steel Co Ltd plans to make an initial public offering (IPO) of 288 million domestic A shares in the near future, a securities official said yesterday. The issue has been tentatively priced at
        Reuters  -  259 words
      • Article
        Lock icon Cygal asks court to strike out winding-up suit: report
        124 14 AFX-Asia [KUALA LUMPURJ Cygal Bhd said it had asked the High Court to strike out a winding-up petition against the company for alleged nonpayment of 3.2 miUion Malaysian ringgit (SSI.4 million) in debt, the New Straits Times reported yesterday. The newspaper
        AFX-Asia  -  124 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Arco to cut stake in chemical unit to raise US$2.2b
        324 15 Bloomberg [LOS ANGELES] Atlantic Richfield Co plans to reduce its stake in Arco Chemical Co to 50 per cent and raise US$2.l5 billion (553.6 billion) by selling shares back to Arco Chemical and to the public. Atlantic Richfield, whose businesses
        Bloomberg  -  324 words
      • Article, Illustration
        Lock icon Facing up to a challenge
        39 15 [AUCKLAND) Abseiler Grant Johnson packs up his ropes yesterday after helping to install Australasia's biggest billboard on the side 0f246 Queen St. The billboard—total area 600sq metres—is a promotion for L 'Oreal cosmetics. REUTERS
        REUTERS  -  39 words
      • Article
        Lock icon Alcatel to buy DSC Communications
        260 15 French telecom equipment maker to pay USs4.4b in stock Bloomberg [PARISJ Alcatel Alsthom SA said it agreed to buy DSC Communications Corp for about US$4.4 billion (557.4 billion) in stock as the world's fourth-biggest telecommunications equipment maker pushes to expand in the US. The acquisition
        Bloomberg  -  260 words
      • COMPANY Briefs
        • Article
          Lock icon Marks & Spencer reviews business
          67 15 Marks Spencer reviews business Reuters [LONDON] Marks Spencer has launched a fundamental review of its business, and is bringing in outside management consultants for the first time, the Daily Telegraph quoted a company spokesman as saying on Wednesday. The review's outcome is expected in a year to 18 months' time,
          Reuters  -  67 words
        • Article
          Lock icon Ciena sale puts pressure on Cisco
          70 15 Bloomberg {SAN JOSE, California) Tellabs Inc's planned US$6.B6 billion (5511.5 billion) purchase of Ciena Corp puts the pressure on Cisco Systems Inc to keep its partnership with Ciena and the latter's new parent, or find another way to get equipment that the Baby Bells
          Bloomberg  -  70 words
        • Article
          Lock icon Intel denies plans to issue Q2 warning
          83 15 Bloomberg [SANTA CLARA, California] Intel Corp said it currently has no plans to warn of a shortfall in its second-quarter results as speculation of a warning pushed the world's largest computer-chip maker's shares down 5 per cent. Intel shares fell 3.31 to 65.94
          Bloomberg  -  83 words
        • Article
          Lock icon Time Warner outs bond sale by 40%
          82 15 Bloomberg [NEW YORK] Time Warner Inc cut its planned bond sale by 40 per cent as it met resistance from investors unwilling to buy long-term bonds in the face of concerns that corporate bond prices will fall relative to Treasuries in the near
          Bloomberg  -  82 words
      • Article
        Lock icon Rahardja Hendra's wife selling controlling stake in Pacific Bank
        486 15 Filing made for public offering of her l-3m shares in US-based bank Bloomberg Bloomberg, Bridge News [SAN FRANCISCO] Pacific Bank said its controlling stockholder, Cheong Swee Kheng of Singapore, has filed to sell her 1.3 million shares in a public offering,
        Bloomberg; Bloomberg, Bridge News  -  486 words
      • Article
        Lock icon Travelers, Nikko may seek Europe partner
        279 15 They see Salomon Smith Barney as not strong enough in EU Bloomberg [TOKYO] Travelers Group Inc and Nikko Securities Co, which announced on Monday a wide-ranging business alliance, may look for a partner in Europe, said Masahi Kaneko, president of Nikko, Japan's third largest
        Bloomberg  -  279 words
      • Article, Illustration
        Lock icon Thousands of AT&T staff take up layoff package
        456 15 Sweetened offer sees many leaving with seven-figure payoffs Reuters [NEW YORK] Thousands more AT&T Corp managers are opting to take the money and run than Ma Bell anticipated when the United States' largest phone company offered them sweetened buyout opportunities earlier this
        Reuters  -  456 words
      • Article
        Lock icon Compaq-Digital US$9b deal cleared by US regulator
        322 15 Bloomberg, Reuters Reuters [WASHINGTON] Compaq Computer's US$9 billion (Ssls billion) purchase of Digital Equipment Corp, the largest acquisition ever in the computer industry, has been approved by the US Federal Trade Commission. The FTC, which reviewed the proposed deal after it was announced
        Bloomberg, Reuters; Reuters  -  322 words
      • Article
        Lock icon VW buys engine supplier to sweeten bid for Rolls
        158 15 Bloomberg [LONDON] Volkswagen AG moved to better its chances of acquiring Rolls-Royce Motor Cars Ltd by agreeing yesterday to buy a Rolls engine supplier, Cosworth, from Rolls parent Vickers pic for £120 million (*****.3 million). Volkswagen moved to acquire Cosworth through
        Bloomberg  -  158 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Nippon Credit pulls out of trade-linked forex service
        329 16 Move follows lifting of restrictions on foreign currency transactions Bloomberg [TOKYO] Nippon Credit Bank Ltd, the smallest of three Japanese lenders that specialise in long-term funding for companies, said it will stop issuing letters of credit as well as other trade-related foreign
        Bloomberg  -  329 words
      • Article
        Insurance conference in S'pore next month
        158 16 MORE than 100 insurance scholars, researchers and practitioners from Asia, Europe and North America will meet in Singapore on July 19 to discuss regional and international developments in insurance. They will attend the second annual conference of the Asia-Pacific Risk and Insurance Association (Apria)
        158 words
      • Article
        Lock icon Arthur Andersen calls off deal with London law firm
        366 16 Change in make-up of Wilde Sapte's business cited FT [LONDON] Arthur Andersen, a Big Six accountancy firm, on Wednesday suffered a setback in its ambitions to construct a global legal network when it pulled out of a planned takeover of Wilde
        FT  -  366 words
      • Article
        Lock icon China curbs won't affect LME trade: Minmetals
        160 16 Bridge News {HONGKONG] Trading activity by China's Minmetals International Nonferrous Metals Trading Co (Minmetals) on the London Metal Exchange is not expected to decline in response to a drive by the China Securities and Regulatory Commission (CSRC) to tighten control on domestic firms
        Bridge News  -  160 words
      • Article, Illustration
        Lock icon Computer hitch hit only Advance Bank: St George
        162 16 Bloomberg [SYDNEY] St George Bank Ltd said problems with its new computer system, including delayed deposits and wrongly transferred money, only affected customers of the former Advance Bank, taken over by St George last year. Bank spokesman Adam Cooke said the bank
        Bloomberg; REUTERS  -  162 words
      • Article
        Lock icon CBOE bids for Philadelphia options unit
        338 16 Offer competes with American Stock Exchange's bid Bloomberg [CHICAGO] The Chicago Board Options Exchange (CBOE), the nation's biggest stock options market, has offered to buy the options business of the Philadelphia Stock Exchange. The CBOE did not say how much it is willing to
        Bloomberg  -  338 words
      • Article
        Lock icon JGBs recover after early dip
        250 16 SBKESLReport Reuters [SINGAPORE] Simex Japanese government bond futures (JGBs) suffered an early dip yesterday but recovered most losses to finish just below the previous close. The expiring June JGB ended at 134.10, down 0.01 point. Volume at around 1,004 lots was inflated by active rollover
        Reuters  -  250 words
      • Article
        Futures tumble as Nasdaq takes a beating
        174 16  -  MSGI TAIWAN FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore [SINGAPORE] The Simex MSCI Taiwan Index futures tumbled again as the US Nasdaq Composite Index suffered from a disappointing earning forecast for Intel Corporation, the world's biggest chipmaker and a proxy for
        174 words
      • Article
        Lock icon Oil up as producers hold secret talks
        219 16 ENEROT REPORT Reuters [AMSTERDAM) Oil prices jumped yesterday after oil producers convened secret talks in Amsterdam to consider cutting further crude supply from the market. Benchmark Brent blend for July loading in early trade stood 55 cents a barrel higher at U5514.59 a
        Reuters  -  219 words
      • Article
        Lock icon CURRENCY REPORT
        281 16 Reuters, AFP London THE dollar was at the mercy of sterling yesterday, rising at first along with the pound after a surprise UK rate rise but shedding its gains on profit-taking as European trading drew to a close. "There was a scramble to buy pounds initially because nobody
        Reuters,; AFP  -  281 words
      • Article, Illustration
        Untitled
        1192 16 PTTHEBAWL CROSS RATI jun4 CS —6 ECU rtr NKS 9m H N> W $lr W 111$ 5*55 OJN 4S78 0548 3522 1080 4740 ********** 0JM5 8528 2.427 U64 ***** 23.932 t02S 1128 0.**********275 4373 05t2| Cm* IB4 1701 4616 407! 1214 1329 ***** 79.4tt.U9* 9586 2.721 U09 30.660 26.900 \«6
        1,192 words
    • Article
      COMMODITY PRICES
      1644 17 MUWHITUM8 Jun4 NIKR (tataras dosini «s at SJOpi) RSS1 CONTRACTU ctntiAfl) Close Votaae Opw Montfc Hl» U» >Kt (K—rt forest "T also ttt§ A«f 98 122.75 IMS Sep 90 124.00 124.00 124.00 MO 1015 Oct/Dec 90 128.50 4575 99 133.25 2550 Apr/Jm 99 136.79 75 RSS 3 CONTRACT
      1,644 words
    • Article
      WORLD STOCK MARKETS
      2226 17 LONDON JM4 Hmcf 31 Groue 6S2.000 2.000 AB Ports 360.000 10.000 Abbey National 1059.000 -2X000 A MM Domecq 596.000 -5.000 Amec 202.000 4.000 Ault Group 186.400 -1.600 BAT Ind 582.400 2.400 BCPtc 316.000 0.600 BICC 157.000 -4.000 BOC Group 952.000 -M.000 B« Petroleum 890.400 *9.400 BTR 195.000
      2,226 words
    • Article
      Lock icon TOKYO
      1583 17 Bloomberg OWkka226 +7147 JAPANESE stocks rose for a second day this week as public pension funds bought Nikkei 225 futures contracts and stocks that make up the benchmark index to buoy the market. Bridgestone Corp and Honda Motor Co paced the rise. "Some public money is supporting the market,"
      Bloomberg  -  1,583 words
    • Article, Illustration
      Lock icon HONGKONG
      1480 18 Reuters P Huig Seng -MO.TO STOCKS closed yesterday sharply lower as worries about a shrinking economy continued to gnaw at the market and brokers said a mood of caution reigned. The Hang Seng Index shed 260.79 points, or 2.96 per cent, to 8,558.43 in the shadow of Wall Street's
      Reuters  -  1,480 words
    • Article, Illustration
      Lock icon CHINA
      585 18 Reuters +M 0 SHENZHEN'S B Share Index closed slightly higher yesterday in slow trade with investors largely sidelined due to the absence of market-moving news, analysts said. Weakness on the neighbouring Hongkong stock market also curbed the inflow of institutional funds. The B Index gained 0.60 point, or 0.65
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  585 words
    • Article
      Lock icon TAIPEI
      352 18 AFP QWP Index -217.24 TAIWAN stocks plunged 2.8 per cent yesterday, paced by strong selling of technology issues and overnight losses on Wall Street, dealers said. The Weighted Price Index lost 217.24 points to 7,425.96, following a one per cent rise in the previous session. "The sell-off on technology
      AFP  -  352 words
    • Article
      Lock icon WELLINGTON
      259 18 AFP n Wellington -3J4 NEW ZEALAND stocks closed down 0.1 per cent yesterday after staging a minor recovery in the afternoon. The key NZSE-40 Index lost 3.14 points to 2,152.04 on turnover of NZ$l2O.l million. Telecom again supported the broader market as buyers again sought the safety of a
      AFP  -  259 words
    • Article, Illustration
      Lock icon JAKARTA
      695 18 AFP PCunpoatelnta +13.72 SHARES rose 3.5 per cent yesterday following reports of positive results at the Frankftirt talks on Indonesian private debt rescheduling, dealers said. "It was an interesting day I think the good news is the confirmation about debt rescheduling from FrankfUrt," said an institutional sales director with
      AFP  -  695 words
    • Article, Illustration
      Lock icon BANGKOK
      795 18 AFP Fl SET Index +SJO THAI share prices gained 1.8 per cent in thin trade yesterday on a technical rebound which was capped by a weakening baht, analysts said. "There are no real new factors, the gains today can be put purely down to a technical rebound on the
      AFP  -  795 words
    • Article
      Lock icon MANILA
      291 18 AFP Qjufc *MJ» PHILIPPINE share prices closed 1.3 per cent higher yesterday due to bargain-hunt-ing, ending a nine-day losing streak. The Composite Index rose 24.89 points to 1,953.88. Volume fell to 322.5 million shares worth 804.5 million pesos compared to 474 million shares worth 707.6 million pesos on Wednesday.
      AFP  -  291 words
    • Article
      Lock icon SYDNEY
      584 18 AFP PABOrfaariai -3J AUSTRALIAN share prices fell 0.1 per cent yesterday in directionless trade as investors wound down ahead of a bank holiday weekend, brokers said. The All Ordinaries Index was 3.6 points lower at 2,658.4. Turnover totalled 253.96 million shares worth A 5634.09 million. The AU Industrials Index
      AFP  -  584 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares hit by confusion over asset firm
        335 19 AFP Qj Composite Index -7.75 MALAYSIAN shares ended 1.5 per cent lower yesterday reversing earlier gains amid confusion over the operations of the newly set-up asset management firm, dealers said. The Composite Index fell 7.75 points to end at 518.61. The Second Board
        AFP  -  335 words
      • Article
        Untitled
        7309 19 INDUSTRIALS L— —t Day Met Cap Ca«>any ft* -000 High Low P/t $ml 310 180 A)inomoto 230 12 7 93 2 W.5 AngkiM 70 unch 16 70 5 70 16 103 2 290 123 Apollo Food H* WO 5 1 160 160 4 7 64 0 174 «?2 2lriI V
        7,309 words
    • WARRANTS&OPTIONS
      • Article
        World of warrants a diverse one
        196 20  -  WARRANT WATCH -By R Sivanithy THE world of warrants is a lot more diverse than the plain-vanilla variety which most of us are accustomed to. In other, more developed markets like Australia for instance, different types of warrants make their appearance with a regularity
        196 words
      • Article
        Untitled
        3366 20 BOIiOS, LOANS ft WARRANTS |QOQ Wt M»oh Law Val Day Last Ouot* Avf >tw C»—>■» Sat* *ar- COOO) HK,h Law Buyer S*H*r Prlc* m X®? m AMD8 cS.5%*****6 12 unch S 12 12 11.5 12 20.5 8 3140 *Acar ******1USS US 10 B 9.5 C !T* 0K)7 24 12 5
        3,366 words
    • Article
      CLOB INTERNATIONAL
      2234 20 Transaction date Jun 4 MALAYSIAN STOCKS Or Or I9 ..jW Opy LaatOwta Mr M« YM Nat M Cap la» itn» Campany Uf OOP) m» L— 8wyr »a8ar H Or P/I $W 05 28 m$ 5000 AIS850C SO M 95 54 50 50 51 55 13 2.1 20.7 5U
      2,234 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6264 21 Transaction date: Jiui 4 Or Or M Wt u 99 ',Vol Day Last Ouot. Dlv Dlv YM Nat Cap A«« »<**• Ciw>—» taH COOP) HH* L— Bwyar 8a6at Cw W tiwS Erica INDUSTRIALS 43 I6.S a 1020 ACE 0ynamics60c 16.5 cd unch 108 16.5
      6,264 words
    • Article
      SESDAQ
      1164 21 j\ Or Or MWt 1 ._»«j Lddtoiioto W* Wv VM Mot Coo A*» L— «tw Com »—y (*000) >—> L— Nyw 6o8or Cw P/t wj >34 79.5 2000 ABRHIdgiSc 68I I I I I 90 I I e 243 76 *2049 ASAutolOc 101 -5 61 106 100 101 103
      1,164 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        213 22 Stacks y«t—t Easyknit HKIOc 11,984.000 TAC BtIO 200 6,470.000 SingTel 15c 5.994,000 'Rekapacific Bh 5,845,000 •RH8 Cap Wt99 5,267,000 IPC Corpn 5c 4,912,000 *MBf Capital 4,603,000 •M Resources 4,375,000 •HBFlandBUd 4,143.000 STEngglOc 3,870,000 Stwto DBS Foreign 16,680,444 SPH 15,557,584 SingTel 15c 14,494,139 OUB Foreign 13,520,165 (JOB Foreign 8,653,905 OCBC Foreign
        213 words
      • Article, Illustration
        HOT STOCK
        78 22  -  By Ven Sreenivasan OVERSEAS Union Bank Foreign has lost its grip on the critical $5.00 support level and closed with a 22-cent loss A $4.76 yesterday Volume, at 2.8 million shares, was more than double the 10-day average of 1.1 miHion shares. The technical charts indicate that while
        78 words
      • Article, Illustration
        STII sinks below 1,200 level as region's outlook worsens
        675 22  -  BTOOKMABKBT COMMENTARY Market hit by deteriorating prospects for electronics sector, weak Wall Street close and Hongkong stock plunge By R Sivanithy [SINGAPORE] A deteriorating outlook for the electronics sector, a weak overnight Wall Street and a 3 per cent plunge in
        675 words
      • ON THE GRAPEVINE
        • Article
          Leombering the past
          62 22 IN SENDING a press invite to launch the committees that will formulate Manpower2l the blueprint to develop a world-class workforce for the nation's future—the Manpower Ministry may have forgotten something about the here and now. It was renamed the Ministry of Manpower on April 1, but the
          62 words
        • Article
          Insuring the future
          45 22 MORE on Manpower2l. Is it a coincidence that the chairmen of two of the four committees come from the insurance industry? Quipped Tan Chin Nam, the overall steering committee chairman: "Maybe that way, our ftiture will be insured with very good returns."
          45 words
        • Article
          World Cups the Net widens
          111 22 THE World Cup is likely to be called the Info World Cup, given the number of information technology companies getting into the game. First, Hewlett-Packard Co said it will offer video and data highlight* of the matches on the Internet. Next consulting giant EDS Corp
          111 words
        • Article
          For adults only
          32 22 IS CommunicAsia9B, the info-communication trade show now on, R(A) rated? In front of its exhibition at Suntec City, the sign dearly said minors under 16 are not allowed in.
          32 words
        • Article
          The City of money
          109 22 EVEN though the UK is not part of the euro-zone, the fierce rivalry between FrankfUrt and Paris to become Europe's financial capital is likely to be futile. According to Standard Chartered Bank's EMU programme director Geoffrey Ledden, the number of people working in the financial sector
          109 words
        • Article
          Euro crash course
          102 22 ALL sorts of things have been written about the impact of the euro, which comee into being on Jan 1 next year. Even one erf the poorest countries in the world. Laos, has taken advice about the impact. This is because Laos is the recipient of much
          102 words
        • Article
          TCS means business
          140 22 THE Television Corporation of Singapore is said to be considering launching a new channel from Jan 1 to provide a level and depth of business news that mirrors that now available on CNN and CNBC. Executives from TCS News were noticeably evasive when asked about this development.
          140 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      46 13 The sensation of time CONCORD, Watchmakers Since 1908 SWISS CONCORD Gold: International Watch W 533 0964 Nanking Watch Dealer TH: 235 9420 336 3658 Roy' Eastern Watch 1H: 734 1935 734 2357 Watch is enlarged to show detail Sincere Watch TH *****46 734 1979 737 4648
      46 words
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      Page 14 Advertisements Column 1
      77 14 l,il?SlaH^ffl«P®i^B V Ik 4l V A f *j9L j Jt K MHvV CT®| *w*%r ,wf*H t $5 HSF' J» K* f jSk B M AJS^I .*jL j#« WW? 1 tj*HPsr- r r *■-<%.K&r.fwfwf*? >«** j J *Jn^nsv# HHRMKjf'' r WormoHon and booking: Hp < www.iwlsMxir.com >4 By or ca yoor
      77 words
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      Page 15 Advertisements Column 1
      679 15 BUSINESS Notices IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF ASTLEY A PEARCE (ASIA PACIFIC) PTE LTD (In Members Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Sactlon 290<2)<b)) At an Extraordinary General Meeting of the Company held at 6 Battery Road #40-03,
      679 words
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      Page 15 Advertisements Column 2
      848 15 To advertise call toll-free 1800-*****83 HOTEL PROPERTIES LIMITED (Incorporated in Singapore) Notice Of Annual General Martina NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of the Company will be held at the Malaysia Room. Hilton International Singapore 581 Orchard Road. Singapore *****3 on June 29.1998 at 4pm to
      848 words
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  • Page 18 Advertisements
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      786 22 BUSINESS Notices Gt ROTOL SINGAPORE LTD NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary GeneraJ Meeting of the Company will be held at Blk 162 Bukit Merah Central #07-3545 Singapore *****2 on 26 June 1998 at 3.15 p.m. (or as soon thereafter following the conclusion or
      786 words
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      Page 22 Advertisements Column 2
      557 22 To advertise call toll-free 1800-741 1883 IN THE MATTER Of THE COMPANIES ACT. CAP. 80 ALEX ME HOLDINGS PTE LTD IMimb«ri' Voluntary Liquidation) At an Extraordinary General Moating of the Company deemed to be held on 29th May 1998 the following resolutions were duly passed as:SPECIAL RESOLUTION That the Company
      557 words
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      Page 22 Advertisements Column 3
      432 22 IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF BANCO SHIPPING PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Soctlon 2M<2Xb)] At an Extraordinary General Meeting ol the Company held at 5 Temasek Boulevard #12-05. Suntec City Tower. Singapore *****5
      432 words
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      Page 22 Advertisements Column 4
      745 22 TECK WAH PAPER PRODUCTS LTD (Incorporated in Singapore) NOTICE OF ANNUAL BENERAL MEETING MTU NHUY MVfi that the Annual General Meeting of the shareholders ot the Company will be held on Monday June 22.1996 at 3.00 p.m at 106 International Road Singapore *****3 to transact me following businesses: 1. To
      745 words
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      Page 22 Advertisements Column 5
      739 22 r HOTEL PROPERTIES LIMITED (Incorporated in the Republic of Singapore) Notice Of Extraordinary General Mooting NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the shareholders of the Company ("Shareholders') win be held on 29 June 1996 at 4.30 p.m. or as soon thereafter as the conclusion or adjournment
      739 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      294 23 Bridge News Reuters A COUPLE of new grain cargoes were quoted but details of concluded business remained scarce. Fixtures TANKEBSt The market was sluggish, business was slow to surface and there were no new public cargoes to speak of. While reported activity in the Mediterranean market was in
      Bridge News; Reuters  -  294 words
    • Article
      MARITIME STOCKS
      253 23 n *f- w CWTOMrtbutton _0.46 unch 23 ChuapMop 0J95 *0.005 93 Caacolnvoatmaat -0.70 -0.04 W nrMMUnks 0.23 *0.005 T82 OBHoMHyjl 0.27 WI«N« 0.44 inch tM HIUCM2MM 042 -aot 17 MCNMlfl HK 5.60 JoyaHoMinqs 0.40 JWonpSMpyord _7.60 -0.10 307 KoppoiCorp 3.30 -0.06 997 4.44 -0.02 6*5 Kapp* Marino U7
      253 words
    • Article
      Only 6 Philippine maritime schools up to standard
      321 23  -  Over 100 schools will be given till next June to comply with STCW'9S From. Alec Almazan in Manila THE Philippines is about to implement a mass closure of maritime schools after over a hundred were found to be substandard and unable to
      321 words
    • Article
      New World Alliance revises port call
      168 23 [SINGAPORE] The New World Alliance has announced a change in port calls to one of its nine weekly trans-Pacific services. The alliance comprising APL, the container shipping arm of Neptune Orient Lines (NOL), Hyundai Merchant Marine and Mitsui OSK Lines has switched the first
      168 words
    • Article
      Appeal court upholds arbitration clause in voyage charterparty
      705 23  -  ADMIRALTY CASEBOOK By I Selva Kumar THE English Court of Appeal is divided over whether UK's Arbitration Act 1996 gives a court the discretion to decide if summary judgment is appropriate in a dispute between two parties that have previously agreed to
      705 words
    • Article, Illustration
      Lock icon Fincantieri's grand achievement
      96 23 [ISTANBUL] A commuter ferry is dwarfed by the world's largest cruise ship the Grand Princess anchored off Istanbul's Karakoy port. The Grand Princess was in Istanbul on its maiden voyage to Barcelona. The 109,000 ton passenger ship was built by Italy's oldest shipbuilder Fincantieri. With I,296cabins the
      REUTERS  -  96 words
    • Article
      US customs calls for better port security
      281 23 [MIAMI] The US Customs Service will use the Port of Jacksonville as a test case for minimum security standards that will be pushed as an example for use along waterfronts all over the US. Concerned about the increasing use of legitimate commercial shipments
      281 words
    • Article
      Lock icon Union expected to drop court motion
      264 23 AUSTRALIAM DOCS TURMOIL Bid to sack administrators of Patrick firms withdrawn Reuters [SYDNEY] Australia's Patrick Stevedores said it expected the Maritime Union of Australia (MUA) to withdraw a court motion for the removal of administrators from four Patrick labour hire companies. The bid to
      Reuters  -  264 words
    • Article, Illustration
      Lock icon HK official favours Cheung Kong plan for cruise ship terminal
      156 23 Bloomberg [HONGKONG] Cheung Kong (Holdings) Ltd's plans to build a cruise ship terminal in Hongkong have been endorsed by Stephen Ip, Hongkong's Secretary for Economic Services. The project, mooted by Cheung Kong deputy chairman Victor Li last week at the
      Bloomberg  -  156 words
    • Article, Illustration
      Lock icon Going for growth by merger
      1079 24 KTiI.ANC* CONTAINER TERMINAL BHD Malaysia's largest container terminal operator, with 50% market share, wants to merge with Kelang Port Management Malaysian Business KELANG Container Terminal Bhd (KCT), Malaysia's largest container terminal operator, is setting its sights on bigger things. KCT will emerge as a stronger
      Malaysian Business  -  1,079 words
    • Article
      INDEX TOSHIPPING LINES AND FREIGHT FORWARDERS
      364 24 PACE ESP tine* 14 ACL 9 EthwpMn 6 ANL 3 Evergreen 6 a Accord 8 M Ahrenkiel M FoongSun 8 Appenship 5 Fr< B AsiaOCL 15 Frt Links M Astro 3 CL Austral 9 Genurtrans 8 Avant 16 Genshpg 9 B'tang Mas 8 Glory
      364 words
    • Article
      SHIPPING GUIDE
      16558 32 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Adv*rtit#r t/»«c*4 t-i— I rri rr* w I ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dtst'n Name Name Number Number SIN Destn Name Name Number Nuntoer A 08/06 16/06 Triestino ITHA BHUM 396 65-*****35 09/06 01/07 Straits
      16,558 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        698 39 v,ss#l VoyNo B«rth Arrival Departure SSJS1 06.04/1400 ST* y* JOS <M«wk 04.04/2100 ■t I PMra Jan5 JOI akxnsM* 04 04/1800 2! "2*£ g JS?* Ml *M)u* 04.04/1700 n225 O*** JOI HontfMt 04.06/830 M LSf"" 0,06,8 M tonus* 04.04/2300 M ***>»*' 05.04/0400 «S"He 5 owe JOI aonqwlt 04.04/1900 SS*"
        698 words
      • Article
        CONTAINER SCHEDULES
        1650 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclng/EUUnct Rstls Ship Voy Wo Etb/Btr Ptrtod From To From iaOmsy OIuT 07/1500 "OVHOO 0V*59~ 04/1900 ovhoo ov»» 04/1900 U 04/1700 09/0459 04/0900 2» 04/T700 05/0459 05/0900 1 0 a/0700 05/1159 OS/MOO 4 05/1200 05/1459 05/1700 *J4»Myj J 04/1300 it
        1,650 words
      • Article
        GLOBAL HOLIDAYS
        169 39 Jon B Denmark: Constitution Day. Jmn 6 Malaysia: Birthday of HM the Yang di-Pertuan Agong Birthday of Prophet Mohammed. South Korea: Memorial Day. Jon 8 Australia: Queen's Birthday Holiday. Greece: Orthodox Pentecost holiday. Jon 10 Portugal: National Day. JunU Austria: Corpus Christi. Portugal: Corpus Christi. Jun 12 Philippines:
        169 words
      • Article
        COCKETT BUNKER MARKET REPORT
        948 39 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices tor a more comprehensive description of the market Price* shown are based on average sixed stem Market movements are indicated The Cockett Bunker Price Index chance and the
        948 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        518 39 Carbon ISO Mai 992.2 10 18.0 0.T1 46 0.07 "ay 21 Density Nater Residue Ash Aluminium Sediment No above E25 6 0 9 1 0 0 380 Aw 987J 0.2 16.6 0.06 32 0.03 Ciim 380 Mai 991.5 0.8 T9.5 0.16 72 0.09 %m* mt mmt
        518 words
    • AIR&LAND TRANSPORT NEWS
      • Article
        Lock icon Boeing's Douglas division faces uncertain future
        592 40 Phase oat of MD-11 in 2000 jeopardises jobs of 3,000 Long Beach employees Los Angeles Times [SEATTLE] Boeing Co's decision to phase out production of the MD-11 jetliner in early 2000 underscores the uncertainty facing the Douglas Products Division in Long Beach, California, nearly
        Los Angeles Times  -  592 words
      • Article
        Lock icon Korean Air orders 27 B737s worth US$1.3b
        269 40 Bloomberg [SEATTLE] Boeing Co said Korean Air Lines Co agreed to buy 27 new Boeing 737 passenger jets valued at US$l.35 billion (552.2 billion), even as other Asian companies move to scale back orders. The companies will announce the order on Tuesday during
        Bloomberg  -  269 words
      • Article, Illustration
        Lock icon New Air France talks raise hopes of end to pilot strike
        391 40 Daily Paris-S'pore-Jakarta flights will be cancelled through to Sunday AFP [PARIS] Air travellers faced more disruption yesterday as a strike by pilots of' Air France dragged into a fourth day, but a fresh round of negotiations brought a glimmer
        AFP  -  391 words
      • Article
        Lock icon Indon airlines facing collapse without govt help
        267 40 Reuters [JAKARTA] Indonesia's domestic airline association says the industry faces collapse if the rupiah does not strengthen and the government does not help the sector, the official Antara news agency reported yesterday. Benny Rungkat, secre-tary-general of the Indonesian Air Carriers' Association (INACA), made
        Reuters  -  267 words
      • Article, Illustration
        Lock icon Death toll set to rise in German train disaster
        84 40 [ESCHEDE, Germany] Rescue workers at the scene yesterday of the wrecked carriages of the high-speed train, known as the ICE, that derailed on Wednesday at around 200 kilometres an hour and ploughed into the supports of a concrete highway overpass at
        REUTERS  -  84 words
      • Article
        Porsche invests 1b marks in all-terrain vehicle
        337 40  -  Its first sport utility model will be ready in 2002 By* Christopher Tan [SINGAPORE] Listed sportscar maker Porsche Ag has announced it will invest one billion Deutschemarks (*****.3 million) to build an offroad model which will be ready by 2002. It will be
        337 words
      • Article
        Lock icon Northwest expects labour woes to hurt 2nd qtr earnings
        203 40 Bloomberg [MINNEAPOLIS] Northwest Airlines Corp said it expects second-quarter earnings to be lower than expected because of service interruptions caused by disgruntled employees and continued lacklustre business in Asia. The fourth-largest US airline said preliminary financial results for May "indicate a
        Bloomberg  -  203 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1724 40 Cm FUGHT ETA FUGHT ETO CZ3H 2045 S0004 1020 kumt $0230 IWO lUikMPtC l_ CZ309B 1030 Amsterdam N***** 0755 KL844 0040 NaM< VH741 1310 VH742 0905 ***** 0755 GA974 2255 WHO WW «U37 1455 UN 2300 HatYai TS407 1540 T6400 *35 Auckland N***** 2050 N***** 2045
        1,724 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      18 23 KCT going for growth by merger Malaysia's largest container terminal operator wants to merge with KPM. Page 2
      18 words
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      Page 23 Advertisements Column 2
      81 23 Boeing's Douglas division faces uncertain future 4 Phase out of MD-11 in 2000 jeopard ises jobs 0f3,000 Long Beach employees.Back Page *y. Wmm* m** mmhgls l2J\y VIJ AGENCIES PTE. LTD. PURE NEUTRAL NVOCC TO: USA HONG KONG PUSAN OTHERS SINGAPORE: MALAYSIA: 120 Tanjong Pagar Road PENANG Tel: 04-*****36 (10 Lines)
      81 words
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      Page 24 Advertisements Column 1
      984 24 Ui Ml NOD OK ft mm an f j yum *nt OMHOMUM MOM 10/0* 11/ M J4/M M/M "575" liTw M/W H 'ST W "TP" W l!/» MW IW OOOMfMI ISIStS 17/0* 17/ M M/ 17 V/ 97 07/17 N/17 M/ 17 11/ V SSSSSSL jjg "/V M/»7 M/ 17
      984 words
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      Page 24 Advertisements Column 2
      553 24 L»nee 4 services represented by Members of the Ftegtstry ct xJjqgrJ/ Accredited Shipping Agents Singapore Shipping Association Members a» the S^xxe^NFon^ders NORTH WEST EXPRESS LINE ACCEPTING CONTAINERS, BREAKBUIX PROJECT CARGO TO DAMMER/FRIMANTLI (MONTHiY SMVICI) MV "ARKTIS OCEAN" V.9809 ETA SIN 12/06/98 BOOKINGS CALL JUUA/MONKA TIL 333 4374 jj^§"™ i£ L..™™"aZSS
      553 words
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      Page 25 Advertisements Column 1
      1099 25 TO EUROPE FROM EUROPE [VESSEL VOY SIN RTM ANR HAM MV SOU fXT uiT [VESSEL VOY RTM ANR HA* MY SOU FXT LEH StfT NOHOUTI 007W 06/06 22/06 23/06 26/06 27/06 MM 5201 17/05 19/05 22/05 23/05 09/06 HY EMPEROR 312W 08/06 26/06 27/06 30/06 24/06 HY COMMODORE 3)21 23/0520/05
      1,099 words
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      Page 25 Advertisements Column 2
      1934 25 HANJIN SHIPPING HAMJIN SHIPPING (S) PTI LTD hup //mm kom IOOKMC *****35 737 SAIES *****74 731 DOCUMENT 37*0771 774 OffIUTKM *****41 757 MAIN LINE *****55 FAX 777WM a HO-**********0M TO NW USA A CANADA USA CANADA* FORVSL/VOY MM SIN UNI HAUL/VOY HW DEN PDX OR MSP PIT DTT MEM PML
      1,934 words
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      Page 25 Advertisements Column 3
      414 25 OIK HONGKONG WIS 31/0S 02/06 Ml* 03/06 07/06 09/06 11/06 12/06 "Mj* -W- SSffmuS MT S KMTC PUSAN M7S 05/06 12/06 14/06 16/06 17/06 nflr KfFLUNG BQ4S 1475" ***** HYUNDAI SPIIKTH OOIS iM>6 "l7&~ MOMTANIA OBS 07/06 09/06 PIN 10/06 14/06 16/06 11/06 19/06 ML JL3L 3MSL. -3^L KAATC ULSAN
      414 words
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      Page 26 Advertisements Column 1
      1547 26 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/M m >ITERRANEAN/CANADA VtSStl W SM LfH HTM ANR HAW MV FLX VESSEL VOY SIN JID GIT SPE FOS VIC MTR THMtfIIHUTY WQ&t OS M 28 M 27 M 25 M 26 M 28 M CALIFORNIA SENATOR WMB2B 05 M 17 01 23 M
      1,547 words
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      Page 26 Advertisements Column 2
      1418 26 Internal Web http: //www yml comtw LiLI i% kit Xit Ai fa v < E m Addr#B#: c,w,p72oym,com,w Tvnct MEEKLY EVERY thursoay/SUNOAY VESSEL *0* RTM HAM FXT LEH ANR HUMBER BRIDGE JB22W 07/06 24/06 26/06 27/06 29/06 MING MOON AB23W 11/06 05/07 03/07 30/06 05/07 MING SOUTH JB23W 14/06 01/07
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      Page 26 Advertisements Column 3
      458 26 LINE A Tit: M ***** FAX: *****13 MUARA LAB UAN vissa vor no eta vessel vor rro ru STORE MUARA STOtl UN APMGUXY VI4C/98 05/06 OR/06 AFRR.GUWY VI4I/9S 05/06 09/06 j. ntosrat vjsi/w 10/06 13/06 iptostb vist/w 10/06 u/06 Amaorr vist/w is/06 u/06 Arttootr vi»/m is/06 i«/ 06 1 nova
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      Page 27 Advertisements Column 1
      1612 27 VESSEL VOY SIN PQU PKG PEN BLW 3UR PUB BA BIK IRAN VAHDAT PJL 1284 21/05 30/05 IRAN TAKHTI PJL 1285 01/05 10/05 11/05 IRAN TEYFOURI PJL 1287 08/05 17/05 18/05 IRAN MOBIN PJL 1293 20/05 29/05 30/05 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I E.
      1,612 words
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      Page 27 Advertisements Column 2
      2006 27 DIRECT SAILING .O TO SHANGHAI* XINGANG A' -i I SINGAPORE'S GINERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****0S OUTWARD (B/L) *****02 JOHORE OfFKE; I COSTAR SHIPPING PTE LTD #17-08 DBS ILDG SAIES/BKGS *****41/43 INWARD DEPT (D/ 0) *****8S COSTAR AGENCIES (M) SDN BHD ICR NO: **********0 M TOWER
      2,006 words
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      Page 27 Advertisements Column 3
      602 27 EASTERN CAR LINER, LIK"SS£, < |_fcj ECL (SINGAPORE) PTE LTD 1 SPtCIAUZI IN ROUP HEAVY LIFT UPTO 122 TONS £Cl (SINGAPORE) PTC LTD LOADING FOR HO CHI MINH/HAI PHONG COLOMBO MV "ORIENT ROSE" V.25A MV "ORANGE MOON" V.102 ETA SIN 0/06/98 ETA SIN 09/06/98 ETA CIB 14/06/98 CHITTAGONG/CALCUTTA MANILA/ CEBU/
      602 words
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      Page 28 Advertisements Column 1
      1300 28 EUROPE/UK/SCANDINAVIA/FINLANMUJSSIA C SOP ROM ANW HBG THP ZEE LHV LHV THP RDM ANW HBG PKL SGP Sfrr.Sl SS'Ji! 13/01 02/07 91/91 03/07 ovo7 wm e glowing re 044 io/os 12/05 13/05 11/05 15/05 08AM 08/06 I rf, 21/ 10/07 15/07 11/07 1 3 /07 I</ 7 15/07 E GAINING RE-063
      1,300 words
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      Page 28 Advertisements Column 2
      792 28 p ab mac-MPLS M^»A Carrier. MN CONTR LINES, INC p. gudang: (07)*****26 1 Ivy J caw MO. iwoanoooom SIBU: (084) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****97 SURABAYA: (31) *****0 p KELANG: (03) *****77 JKT: (21) *****07 MON: (61) *****3 KUCHING (082)*****1-3 WE ARE PLEASED TO ANNOUNCE
      792 words
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      Page 28 Advertisements Column 3
      419 28 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL I VOY I SIM I PUJ I PUR I CPT I »/MT NAMIAI VENUS Y.027S 12/06 21/06 26/06 01/07 04/07 GOLDEN DIAGON Y.QOSS H/06 27/06 01/07 06/07 NANTAI MBKESS VO27S 13/07 17/07 NAWTAJ QUEEW VO2«S 01/07 17/07 21/07 26/07 30/07
      419 words
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      Page 29 Advertisements Column 1
      377 29 M MYANMA pBBk FIVE STAR UNE (Myannar National Line) Loading foe Yangon {Rangoon) wsa VOY SIN KG PEN PGU MERGUI 143W Sl» ■AGO 102W Sl* MALAYSIA AGENTS; KXJSTIAD SHIPPING AGENCIES KUL m 02-03-*****00 PRL TU 02-03-*****01 rat ra 02-04-*****02 pgd: ra 02-07-2$ *****/4 BANK LINE (A strvict Andrew W»ir Shipping)
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      Page 29 Advertisements Column 2
      1192 29 A HYUNDAI MERCHANT MARINE CO. LTD. IVtSSfI W g SOU I 101 I HTM I ANT I HAW I ORV I ftl. IVESSa VOY|SOU|IBMRIM|AIIT|IMM|MnM Itt I ill j NOl (OUTE 007W 05/06 26/06 27/06 21/06 23/06 HYDURI 31 IE 13/05 20/05 16/05 19/05 06/06 HY EMPEROR 312W 01/06 24/06 25/06
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      Page 29 Advertisements Column 3
      1088 29 nonvßQMn ipeooknd oukxamers WMBMmLHEL/USEH (7tP)^(olC^ mm mm l/nes TO NORTH AND LATIN AMERICA "»ORO HEAYYUFT SERVICE" IVKSa VOY BAMf HfIGOT SIN lUX CM MU I SAV MI Off NYC NtW MOO TOM FBl2 400 Tom 4.3 M 14/0* 08/07 17/07 20/07 22/07 24/07 25/07 24/07 31/07 01/01 TARONGA FSI3 400
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      Page 30 Advertisements Column 1
      668 30 BANOKOK/LAEM CHABANQ JA K ART A/PAN JA NO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN ANAN BHUM IQBN 06/06 10/06 ANRO QOWA* 036 06/06 10/06 ACX RUBY 23N 07/06 10/06 11/06 PEJA BHUM 750S 06/06 10/06 YANTRA BHUM" 243N 07/06 10/06 11/06 VIRA BHUM 2143 06/06 12/06
      668 words
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      Page 30 Advertisements Column 2
      482 30 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAO. SINGAPORE 0206 TEL: *****68 FAX: *****64 MmJ TLX R*****5 SINMER CR No: **********0W Receiving Cargo at PTI I Plntulu I Mi—ra I vissti vor sm |tu rasa vei sm gg§ I Sana V9IIIE 074)7/0* 13/06 MJ* WBO9E 07-07/04 12/06 IMm WDOBE 16-17/06
      482 words
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      Page 30 Advertisements Column 3
      580 30 A ACCORD MM SHIPPINQ PTE LTD Til: *****15 (40 Lin*.) FAX s *****30 KtTUAMC ,03, 3*/,001 mm Wk DMECT ACCESS TEL *****55 (EXPORT IOOKINO) FASU GUOAHC ton 151 11/7 *****54 (EXPORT DOC), *****59 (IMPOST) KMJUK ,04, W 1444 U*L:HTTP://WWWACCORO.COM.SO JAXAIJA (71)640 0770 J®? m SIN MtT ITA SIN POtT IWtIN
      580 words
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      Page 30 Advertisements Column 4
      35 30 LNS EXPRESS (S) PTE LTD Blk 217 Henderson Road, #01-04 Henderson Industrial Park, Singapore *****5. Cfl NO: **********0/H Air-Sea International Freight Forwarder* MUARA I Also accepting Heavy Lift Project Cargo Tel: 65-276 7996 Fax:6s-276 3740
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      Page 31 Advertisements Column 1
      413 31 INDONEsi^ATIONAnN^I TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE VSL VOY Is PORE I«DAW/BDAM H BURG BREMEN ANTWERP A VESSEL 22/B7 27/B7 OMIT 02/0* TO AUSTRALIA FULL CONTAINER SERVICE VOY FRE BK SYD MEI HBA AW. FRI PAO NiOUDYD BRISBANE VMS 07« 11MB IMB 2MB 2MB 2MB 82*7 AUST ENTERPRISE VISS 11« IMB
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      923 31 SSggpif PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I CR NO **********06 Ivissil vor m Tsiw syp MB Aft m w w I HOT* PERTAMA PT***** 4/4 7/4 U/4 20/4 23/4 >7/4 3/7 4/7 OOP ACCLAIM OU 12/6 13/4 25/4 27/4 30/4 3/7
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      Page 31 Advertisements Column 3
      911 31 VESSELS VOY SIN I JED I MLA LEH HAM TWP RTM ZEE V-LE D 6 TANYA T26W 09/06 17/06 22/06 28/06 29/06 Ql/Q7 02/07 03/07 W-LE DE TAURUS A26W 16/06 24/06 29/06 06/07 06/07 06/07 06/07 08/07 V-LE D'AQUARIUS U2BW 23/06 01/07 06/07 12/07 13/07 15/07 IVO7 IM) 7 VJ-E
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      52 33 STEbT} Dial 740-6000 on demand —Mk# (Retrieve more schedules!) Press "1" CT Select the port and key in 'yj four digit code —eg: To New York (NYC) 2275 !l£) Key in your fax number I jt) Enter your phone number Another innovative service offered by The document will be I
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  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      884 36 —SAMUDERA SHIPPING LINE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE S'PORE *****5 TEL: *****81-3 FAX: *****08 (OUTWARD) *****69 (INWARD) TLX: R*****0 CR NO. **********00 BOOKINGS CALL DIRECT LINE: *****41/43 JESSICA/CELIA/MEI CHAN 7 slgs/week [2232E22Z3 2 slg/week I VESSEL pVOY SIN nAK |VESSEL VOY SM PLB SEA LEGEND 695S IN PT
      884 words
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      Page 36 Advertisements Column 2
      596 36 M ENG LEE SHIPPING CO PTE LTD I wVI M: *****73 UMI) fii: 5330«31/532iU0 T <»■« mw»ooooo< VESSEL VOY SIN ETA SIN ETD DESTINATION UnggulJoyo 08/98 01/06 09/06 Perawong/PBofu/Dumoi Morco Polo 42 12/98 02/06 05/06 Suroboyo Union Star 10 08/98 04/06 05/06 Brunei/Spitong Rosmolmwh 11/98 04/06 05/06 Kuala Tungkol Buona
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      Page 36 Advertisements Column 3
      902 36 SIN FAR EAST 12/06 KEELUNG/KAOHSIUNG 07/06 BANGKOK 08/06 MANILA/CEBU 07/06 JAKARTA/BELAWAN/SURABAYA 07/06 PORT KELANG/PENANG/E. MALAYSIA 09/06 BUSAN 07/06 TOKYO/YOKO/KOBE/NGO/OSA 07/06 HONG KONG SIN CHINA 07/06 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIN EUROPE/UK 07/06 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIN USA/CANADA 07/06 LOS ANGELES/NEW YORK all IPI points
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      1143 37 i ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE VESSEL VOY SIN CMB PtR GOA I VIC LEH ANR I FXT N SHARJAH 9821-3 09 JUN 12 JUN 22 JUN 24 JUN OMIT 29 JUN ?0 JVN 01 M MSC JAMIE 001R 11 JUN 15 JUN 24 JUN 26 JUN 28 JUN
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      Page 37 Advertisements Column 2
      1856 37 teg" 8L Vfi»/VQT*« Wl «T« mn ia hTW KPH «**>" iM Tpggl 2JL£?£L« 2££ nE 2"®* OOQ SINGAPORE 06EA19 10.05 IMS 110$ 17.05 02.06 0106 04.06 10.06 114* oiwam lot mo; oio? 0707 n!o; ,m,aMUS O,U2 ,7 #5 1,05 2105 M ,SM ,7j#4 POHI SOUTHAMPTON 01WA24 10.06 04 07 0407
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      Page 38 Advertisements Column 1
      586 38 I VESSEL VOY MAA SIN I TIGER BRIDGE 629N 03-06/06 12 204)6 25-26/06 I TIGER WAVE 630N 12-16/06 21 244)6 29 30/06 I TIGER BAY 631N 18-19/06 24 29/06 03-04/07 I TIGER ISLAND 632N 22-23/06 28-034)7 08-09/07 I TIGER BRIDGE 633N 25 26/06 01-064)7 11-12/07 I TIGER WAVE 634N 29-304)6
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      Page 38 Advertisements Column 2
      887 38 FREIGHT LINKS EXPRESS 62 T°h Guan Road, Singapore *****1 Tel *****66 (60 Lines) Fax: *****33 E-mail flesin@singnet.com.sg CONSOLIDATION SERVICE TO THE FOLLOWING PORTS MALTA (MLA), ISTANBUL (IST), ALEXANDRIA (ALT), SAN ANTONIO (SIN) PASIR OUDANO (PGU) BUKNOS AIMS (BUI), LAIM CHABANO (POU) VESSEL ETDSIN ETA ALY ETA PGU ETA MLA ETA
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      Page 38 Advertisements Column 3
      1089 38 OOCL (Sinoapore) Pte lid CFS Keppel Dishpk 79 Amm Rm4 #21-04 (S) 079*06 Mk $13 #01-128 rfcv CI M**********00H Ut: 272 7127 Ftr Mk§ l/^x^ W: *****13 Fm 221 3942 Fm: 272 7125 ;YR\\\ OOCL (Malaysia) Sdn. Bhd. 1 "**> *%<'JSS. PFTALINGIAYA W: 03-754 774 F«K)3-7565 342 ca M 7769
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  • Page 39 Miscellaneous
    • Miscellaneous
      Page 39 Miscellaneous Column 1
      129 39 LEGEND: R Thunderstorm Temperature V Shower Weother -V Wmd direction with speed in knots Rom Cloudy Sky Wove height winds ore indicated by arrows which ffy with the wmd One fu# circle represents cotm or light and variable wmds J__ One hotf fleche represents 5 knots ftech rep,esen,i '0 knots
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      Page 40 Advertisements Column 1
      259 40 BANGLADESH SHIPPING CORPORATION CHITTAGONG Sealed quotation on 'as is where is' basis are invited for sale of the Cargo Vessel M.V. BANGLAR KIRON (built 1976/ Pakistan, DWT *****MT, LOT 5230MT). The vessel is now engaged in lighterage operation at Chittagong. 2. The tender should be deposited in the tender boxes
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