The Business Times, 19 June 1998

Microfilm: NL21197
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes FRIDAY, JUNE 19, 1998
    13 words
  • Article
    MARKET SUMMARY
    67 1 wmm LJ 1433.41 (+25.71) mrnvtsu L *****2 (+35.14) MBTOOMP QfOJO (+29.38) t U«UI<+24.BO) n KAIKETMOODe ftj Kzed 7 STOCK MABKET INDICES Thursday Change KLSE COUP .471.82 +29l94 NIKKEI 16,361.54__+646.16 HANQSENO M16J7_+611.B SET INDEX 296.15 +2121 JAKARTA 00 MP 448.99 +20.66 MANILA COMP _132M9_+Ili41 TAIPEI WPl __7,74&S1 +***** SEOUL
    67 words
  • Article
    FINANCE
    76 1 FOBEX KATES ust ss U8$ ijm £<U8»/Slperf) 1.664 17W DM 1.788 0.930 YEN 136.9 lJir Ml 316 0.419 Htt 7.74 0114 ■AHT 4156 0.040 HJPUH 16,600 0.011* St to US unUt FUME BATES SINGAPORE* 7.88 KlIALA LUMPUR 11.50 JAKARTA 38.00 BANGKOK 14.75 MANILA 21M HONG KONG 19.24' TAIPEI JL8$
    76 words
  • Article
    Buying waves in US spark Asian currency surge
    596 1  -  USs6b worth of yen-baying sends short-sellers scurrying for cover By. Larry Wee [SINGAPORE] Asian currencies snapped back sharply after American and Japanese authorities jointly intervened to buy the Japanese currency in New York trading on Wednesday. Four successive waves of yen-buying at
    596 words
  • Article, Illustration
    Lock icon Asian markets power ahead with HK stocks soaring 6.4%
    781 1 From Loh Hoi Yin in Hongkong andVon Sreenivasan in Singapore ASIAN stocks surged yesterday, led by Hongkong equities which rocketed by as much as 8 per cent at one point on the back of the Japanese yen's appreciation. The Hang Seng
    Source: Bloomberg  -  781 words
  • Article
    Washington insiders sceptical US support will boost yen
    699 1  -  Low expectations in US capital for radical Tokyo policy moves From Leon Hadar in Washington THE decision by the Clinton administration to come to the support of the Japanese yen is seen in Washington as a temporary move to stabilise the Japanese
    699 words
  • Article, Illustration
    Lock icon M'sia to pump in RM7b to jumpstart economy
    897 1  -  No mention of funding source, but World Bank possible From Ruth Wong in Kuala Lumpur MALAYSIA will increase spending by 7.03 billion Malaysian ringgit (552.9 billion) in a "counter-cyclical" plan to jumpstart the flagging economy, Finance Minister Anwar Ibrahim announced yesterday. Mr
    REUTERS  -  897 words
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      145 1 DfSEPE Letting it pass SLA has deckled to let lapse an agreement to sell its entire stake in Raffles City to DBS Land for $100 million, Pgl3 fWrtwg lack Motorola is streamlining its operations here and sources say the US giant is expected to announce some Job cuts next week,
      145 words
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      69 1 Yen action 'hotly debated' in US before decision, Pg 4 MIR f jj x J Collection^. yjH Wa. w ylj M The tnneles- lines of mechanical perfection l W f jM 'ur tradition since 1860 Wisma Atria, Tel. 65/737 Fax 65/235 82 00. Dickson shops: Centrepoint. Suntec Cortina shops: Lucky
      69 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Motorola reviews operations here to streamline presence
      326 2  -  Telecoms giant says it is restructuring, but retrenchment is not part of the plan By\ David Boey US telecommunications giant Motorola Inc is reviewing its operations in Singapore with a view to streamlining its presence here. According to industry sources, an announcement is
      326 words
    • Article, Illustration
      Lock icon Western Digital to shorten work week
      352 2  -  By. Jennifer Lien DISK-DRIVE maker Western Digital which last week warned of a much larger-than-expected loss for the June quarter will be cutting its work week at its Chai Chee plant from five days to three days in July. Also, its Tuas facility, which
      FILE PHOTO  -  352 words
    • Article, Illustration
      Lock icon Outgoing overseas calls up 7.3%
      229 2  -  EYE ON THE ECONOMY Telecommunications By. Audrey Tan OUTBOUND international telephone calls rose 7.3 per cent in May, reflecting probably not so much increased economic or busi- ness activity as response to rate cuts by Singapore Telecommunications. Figures released by Sing Tel yesterday show it
      Source: SingTel  -  229 words
    • Article
      GIC keen on stake in Tata's proposed India domestic airline
      449 2  -  Indian firm says it's also in talks with AIG over project By Felix Chan THE Government of Singapore Investment Corporation (GIC) has expressed an interest in taking a stake in a domestic airline that India's Tata Industries is setting up.
      449 words
    • Article, Illustration
      Lock icon Christina Ong loses Prada business
      494 3  -  Prada group says change would give it 'total image control' for the brand Ang Wan May BUSINESSWOMAN Christina Ong, otherwise known as the "Queen of Bond Street", has lost her foothold in Prada. a hotly-sought after Italian brand which had helped reinforce her position in
      FILE PHOTO  -  494 words
    • Article
      Dutch pipe and tube distributor opens RHQ
      203 3 Van Leeuwen's base here to serve S-E Asia, Australia A DUTCH distributor of pipes and tubes officially opened its regional headquarters, covering South-east Asia and Australia, in Jurong yesterday. Van Leeuwen Pipe and Tube's new $11 million building provides storage for a wide
      203 words
    • Article
      Abacus-Sabre merger benefits customers: exec
      480 3  -  Abacus Int'l GEO cites gains including wider coverage and lower costs Byl Kan Yi Kang THE Abacus-Sabre merger will give its customers wider coverage geographically, lower costs and cuttingedge technology, said William Liu, president and chief executive officer of Abacus International. Ultimately, the tie-up would
      480 words
    • Article
      Smith & Nephew to start OTC sales of scar treatment strip
      300 3  - Smith Nephew to start OTC sales of scar treatment strip By 1 Chin Jit Fong IN A bid to boost sales, a healthcare company will be selling over the counter an adhesive silicone gel patch, a prescription product, for treating scars. According to UK-based Smith Nephew, it is timely now,
      300 words
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      Page 2 Advertisements Column 1
      189 2 I (HGOSEN Ultra-High Responsive Head, Accelerated by Double Kickpoint System^ llk iOD-yard drive, lon B er dremn. Wood Clubs, the answer to fpf||ng|? advancing expectation* of those who have experienced the AERMET-FACE, ultra-high responsiveness, more than double the JSJIpF" toughness and tensile strength of W GAVUN-SHAFT, double kickpoint system j
      189 words
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      Page 2 Advertisements Column 2
      70 2 arcada casey inc. ,j s beauty.hair.skincare Q KflV fosters cafe.restaurant fox gianni versace 9 home sin nature guerlain I thp |inL' the link I v. I I lis I I if home woltoro I with the emphasis on fashion, beauty, hair styling, home living, fine cuisine and more. SALE June
      70 words
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      185 3 :|fc <( f ■""""<■ j 300 HORSES. 10 COWS. M(il!iiii(| i umpU'ltHMit-. Ihr |KiV)rr ol l Hill hur.rpuwrt fiii|mr lik llir '.ii|l|il«* irlinnl .ill h illit'i iiilii mt nf II)' il» M, I irlill.u MS vtl I*" »y Ai .m lli.il tc|Mf'.rni. itMiiiy it it. linr-.l Hut lh»'ir .iiirtlh'i l|iiit(HH|liliif(l
      185 words
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  • MARKETS IN TURMOIL
    • Article
      Mitsubishi to swap gas oil for Pertamina crude and fuel oil
      478 4  -  By] Ronnie Lim [SINGAPORE] In one of the first such barters, Japanese trader Mitsubishi Corp struck a product-for-oil swap with Indonesia's Pertamina earlier this month, sources confirmed. The countertrade follows Pertamina's difficulties securing credit and foreign exchange in the
      478 words
    • Article
      Lock icon Yen action 'hotly debated' by US officials before decision
      639 4 US-JAPAN TEN INTERVENTION Rabin defends move from strong US$ policy, Japan pledges to hasten reform The Washington Post [NEW YORK] The decision to intervene in the currency markets yesterday to prop up the yen was "hotly debated" by officials at the
      The Washington Post  -  639 words
    • Article
      Lock icon Bangkok says no to a moratorium on debt repayment
      334 4 Bloomberg [BANGKOK] Thailand has no plans to impose a moratorium on foreign debt repayment, despite an increasing number of executives and economists lobbying the government for a freeze, Deputy Finance Minister Pisit Leeahtam said. Mr Pisit, a former central banker and
      Bloomberg  -  334 words
    • Article, Illustration
      Lock icon US intervention on yen welcomed
      369 4 AFP, Bloomberg, Reuters [BEIJING] China, Australia and Germany have welcomed US intervention to stem the slide of the yen and called for further action to stabilise markets in the Asian region, The intervention "was necessary and we welcome it," said Chinese foreign ministry spokesman Zhu
      AFP,; Bloomberg,; Reuters  -  369 words
    • Article
      Boost likely to be short-lived: analysts
      738 4  -  From, Anthony Rowley in Tokyo THE psychological boost from foreign exchange market intervention by the US and Japan in support of the yen is likely to prove short-lived in the absence of a rapid and dramatic policy response from Japan, analysts said last night.
      738 words
    • Article, Illustration
      Lock icon G-7 must do more for Asia, says World Bank official
      434 4 Reuters [SYDNEY] A senior WdHd Bank official yesterday urged leading industrialised countries to do more to help Asia's smaller economies, saying such aid would also assist Japan's recovery. Jean-Michel Severino, the bank's vice-president for East Asia and the Pacific region,
      Reuters; FILE PHOTO  -  434 words
    • Article
      Lock icon US will resume support for lending to Indonesia
      304 4 Jakarta gets USslb Japan loan; IMF may release funds soon AFP, Reuters [JAKARTA! us Secretary of State Madeleine Albright on Wednesday announced the US would resume support for international lending to Indonesia. "We will support proposals for new World Bank and Asian
      AFP,; Reuters  -  304 words
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  • SOUTH-EAST ASIA
    • Article
      Umno Youth chief lashes out at cronyism, nepotism
      477 5  -  Zahid stops short of giving names; remarks expected to incur Dr M's wrath From Eddie Toh in Kuala Lumpur THE leader of the youth wing of dominant political party, United Malays National Organisation, yesterday denounced cronyism, nepotism and corruption in the country
      477 words
    • Article
      New labour law: Thai govt in a fix
      576 5  -  LETTER FROM BANGKOK Opposition waiting to pounce when govt makes the wrong move By Harish Mehta THAILAND'S opposition parties are waiting for the government to make a fatal mistake over the controversial issue of enforcing a new labour law that makes it
      576 words
    • Article
      Bakun dam to be revived on smaller scale: official
      321 5  -  But only when economy improves, says minister From Eddie Toh in Kuala Lumpur THE stalled multi-billion ringgit Bakun dam project in Sarawak will be resurrected but on a smaller scale, a senior government official of the state said yesterday. "Only when
      321 words
    • Article
      Lock icon Indon religious leaders urge independent riots inquiry
      281 5 JAKARTA Reuters INDONESIAN opposition figure Megawati Sukarnoputri and leaders of the country's major religions have condemned last month's Jakarta riots that killed nearly 1,200 people and called for an independent investigation, newspapers reported yesterday. The leaders issued a statement calling on the government
      Reuters  -  281 words
    • Article, Illustration
      Lock icon Chimpion stock picker
      138 5 [BANGKOK] Monkey trainer Azman Binghazali yesterday playing with Ola, a chimpanzee famed for his stock tips in Sweden. Officials at the Safari World, a private zoo on Bangkok's outskirts which bought Ola three years ago, have denied claims by Swedish animal lovers that the chimp was not
      REUTERS  -  138 words
    • Article
      Lock icon Apec to press on with freeing trade
      230 5 M KUCHING Reuters ASIA-PACIFIC ministers will press ahead with efforts to free up trade at a meeting in Malaysia next week despite an economic crisis that has rocked Asia, delegates said on Wednesday. Trade ministers from the 18-nation Asia-Pacific Economic Cooperation (Apec) forum
      Reuters  -  230 words
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      Page 5 Advertisements Column 1
      114 5 The best piece of news in todays paper. I -V. 4 h X rx&i&y A For just HK$!,4BB" you can now enjoy the award winning service that has made us one of Hong Kong's premier hotels. Better still, for only HK$4OO more, you can upgrade to the luxury of a
      114 words
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  • FOCUS
    • Article, Illustration
      Lock icon Big Crash before Big Bang?
      1052 6  -  Japanese banks and businesses are threatened by the ever-growing mountain of bad debts By. Anthony Rowley [TOKYO] JAPAN'S banking system is in such a dire state that the volume of bad debts being added to the books of leading banks matches their profits, leaving nothing
      FILE PHOTO  -  1,052 words
    • Article
      Tokyo working on 'total' solution for bank debts
      831 6 Among ideas mooted is a new state-ran bank to assume problem loans AGAINST the background of increasing alarm over Japan's ailing banking system, the ruling Liberal Democratic Party (LDP) has begun to stir itself into action. The LDP is working out what
      831 words
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      535 6 BUSINESS Notices TO ADVERTISE CALL TOLL-FREE 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF MERI ASIA SINCAPORE PRIVATE LIMITED (IN MEMBERS'VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of Meri Asia Singapore Private Limited duly convened and held at Blk
      535 words
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      Page 6 Advertisements Column 2
      324 6 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF FAR EAST CONSULT PTE LTD (In Members' Voluntary Liquidation) Extract of the Minutes of an Extraordinary General Meeting signed by the Representative of French Pacific Investment Pte Ltd relating to Far East Consult Pte Ltd pursuant
      324 words
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      Page 6 Advertisements Column 3
      79 6 and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification, ground-breaking ceremony or a toppingout ceremony. It's another chance
      79 words
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      Page 6 Advertisements Column 4
      428 6 lUtj.l'.fJlT&T Keppel Telecommunications Transportation Ltd (Incorporated in the Republic of Singapore) To: Holders of Unsecured Convertible Loan Stock due 1999 ("CLS") Payment of Interest on $33,510,193 Principal Amount of 1.5 per cent CLS Notice of Closure of Books. Pursuant to the terms of issue of the CLS, interest on the
      428 words
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      Page 6 Advertisements Column 5
      41 6 BUY it SELL; FIND it Classified ads are purr... feet for finding lost little kittens. No matter what it is, you can always buy it, sell it or find it with the Classified. ioll hi i 1800-737-1166 \~3(•II f»i Ittdti U»»rn»
      41 words
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Import smuggling may mean China trade deficit
      728 7  -  SINGAPORE Reported surplus excludes smuggling, but yuan unlikely to be devalued: official By] Lu Ning BECAUSE of rampant import smuggling, China may in fact be running a trade deficit instead of the large surplus indicated in official statistics, a top trade official has
      728 words
    • SINO Briefs
      • Article
        Lock icon ADB okays US$180m loan for China
        66 7 AFP {MANILA} The Asian Development Bank yesterday approved a US$lBO million (S|29B million) loan to China to improve roads in the impoverished areas of Hebei province. The loan is repayable over 24 years including a four-year grace with the interest to be based on
        AFP  -  66 words
      • Article, Illustration
        Lock icon Tung, Shipley ease path for HK visitors
        88 7 Reuters fWELLINGTON] Hongkong Chief Executive Tung Chee Hwa speaking to the media after his meeting with New Zealand Prime Minister Jenny Shipley. New Zealand has become the latest country to allow visa-free entry for visitors from Hongkong, in a move announced during Mr
        Reuters  -  88 words
      • Article
        Lock icon Taiwan govt units told to halt projects
        62 7 AFX-Asia [TAIPEI] Premier Vincent Siew has instructed government units to suspend all new projects to be undertaken under the build-operate-transfer mode until regulations are revised, the Wealth news agency reported, citing cabinet sources. The premier made the ruling after a recent controversy over
        AFX-Asia  -  62 words
      • Article
        Lock icon Taipei cancels major army drills
        59 7 AFP [TAIPEI] Taiwan cancelled all major combat drills scheduled ahead of US President Bill Clinton's trip to China to avoid "misunderstanding and unnecessary speculation", a report said yesterday. The armed forces has scrapped exercises for three weeks until July for the sake of national interest,
        AFP  -  59 words
    • Article
      Foreign direct investment in China slides
      411 7  -  SINGAPORE Actual investment dips 7%, contractual down 18% in May for worst fall in 10 years By. Lu Ning FOREIGN direct investment (FDI) in China fell sharply in May as the yen's free fall and the regional economic downturn began to bite, a senior
      411 words
    • Article
      Lock icon Put aside differences for summit, China tells US
      284 7 BEIJING Reuters BEIJING yesterday urged Washington to look beyond their differences to ensure the success of a summit with US President Bill Clinton. Mr Clinton's upcoming visit has been dogged by controversy in the US but a front-page commentary in the official
      Reuters  -  284 words
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      35 7 INDUSTRIAL EQUIPMENT One lot of new Japanese forklift trucks of various capacities available for export from a neighbouring country. Interested parties kindly express through fax with full contact details to the following: Facsimile: (65) 734-2180
      35 words
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      Page 7 Advertisements Column 2
      386 7 Connecting People Bt At Nokia, we've seen you can't always be at the office. data. That's because it's actually a GSM phone that fits into i And always get to a phone line. Yet the show must go on. any Type II PC Card slot. That's why we created the
      386 words
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  • ASIA
    • Article
      Seoul orders 55 ailing firms to liquidate
      377 8  -  Companies on hit-list include 20 subsidiaries of the five biggest chaebols From Jennifer Veale in Seoul ENDING weeks of speculation, South Korea yesterday ordered the liquidation of 55 ailing companies in a move designed to accelerate drastic restructuring among bloated conglomerates. The firms
      377 words
    • Article, Illustration
      Lock icon Aussie leaders attack One Nation's policies
      276 8 CANBERRA Howard says they will endanger jobs and exports Reuters AUSTRALIA'S conservative political leaders have united to discredit populist Pauline Hanson's One Nation party, attacking its policies as "intolerant" and "misguided". In a concerted assault over the past two days, Prime Minister John Howard
      Reuters; FILE PHOTO  -  276 words
    • Article
      Lock icon Caberra pumping life into small stock exchanges
      146 8 MELBOURNE Reuters THE Australian government said yesterday it will pump funds into small stock exchanges in Victoria's Bendigo and the Tasmanian capital Hobart to inject life into small and mid-size businesses. Industry Minister John Moore said A 5400,000 (S$408,000) will be provided to
      Reuters  -  146 words
    • Article
      Lock icon Australia hit by plunge in tourists from Asia in May
      238 8 SYDNEY AFP AUSTRALIA'S tourism industry was hit by another sharp fall in visitor numbers from Asia in May, lad by an almost 80 per cent plunge from South Korea, official figures showed yesterday. But tourism bosses pointed to rises from
      AFP  -  238 words
    • Article
      Lock icon Opposition-led strike grips Bangladesh
      325 8 DHAKA Economic activities disrupted by dawn-to-dnsk action Reuters A GENERAL strike called by a seven-party opposition alliance widely disrupted life and economic activity across Bangladesh yesterday, witnesses said. They said no transport except for pedal-powered rickshaws and small autocabs operated on the streets of Dhaka and
      Reuters  -  325 words
  • Page 8 Advertisements
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      171 8 Presenting the new V 8 X) series. ITDEFIES dB& >-xff *wffwP^ > JfKt J&Mf^ J^k «<- rV v' lv v *•> rj~l .vw ,-S3 ','uIHEf I WKSf aMk jjl I lI>VV ill) vol 111 k«' t Ills: I 111' llt'W VJS SCI lIS Is ,i S|)( II Is I ,11
      171 words
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  • THE WORLD
    • Article
      Lock icon US trade deficit widens as exports to Asia plunge
      533 9 Record USsl4.sb gap shows weaker overseas demand slowing economy Bloomberg [WASHINGTON] The US trade deficit widened to a record in April as exports to Asia plunged, a sign that sagging overseas demand is slowing the US economy. The trade gap grew
      Bloomberg  -  533 words
    • Article
      Lock icon UK retail sales jump 1.7% in May, adding to inflation fears
      376 9 LONDON Bloomberg UK retail sales rebounded in May, beating expectations and adding to evidence this week that inflation may be accelerating enough to prompt the Bank of England to raise interest rates. Sales surged 1.7 per cent last month,
      Bloomberg  -  376 words
    • Article, Illustration
      Italian-style boardroom battles are a wonder
      601 9  -  HUKOPHAX VIHW Telecom Ztalia's meeting went on for 20 hours By Kevin Sullivan Boardroom battles Italian-style can be a wonder to behold. Shareholders in Telecom Italia, the world's sixth-largest telephone operator, met in Turin on Tuesday morning to review bitter arguments among senior executives
      601 words
    • Article
      Lock icon Chubais: Russia needs US$10-$15b loan to get it out of crisis
      274 9 MOSCOW Bloomberg AFP RUSSIA will need a US$lO billion (5116.6 billion) to US$l5 billion loan to overcome its current financial crisis, said Anatoly Chubais, who was yesterday appointed the country's envoy to international financial organisations. The former first deputy
      Bloomberg; AFP  -  274 words
    • Article
      Lock icon US economic performance was 'excellent in May: Fed
      365 9 WASHINGTON Brisk production, ample jobs, low inflation cited Reuters US ECONOMIC performance in May was "excellent", with production at brisk levels, ample jobs and low inflation, the Federal Reserve said on Wednesday. "The economy continues to grow in all Federal Reserve districts
      Reuters  -  365 words
    • Article, Illustration
      Lock icon A touch of Rodin in New York
      80 9 [NEWYORK] "The Thinker", by French master Auguste Rodin, being displayed at the Rockefeller Center in New York on Wednesday after an unveiling ceremony. Eight works by Rodin will be exhibited on the landscaped promenade running from Fifth Avenue to the heart of Rockefeller
      REUTERS  -  80 words
    • Article
      Lock icon German economy gains pace: Bundesbank
      199 9 FRANKFURT Bloomberg THE German economy has gained pace this year, with domestic demand increasingly underpinning export growth and little risk Asia will dent the positive outlook, the Bundesbank said. "The economic upswing has gained pace since the start of 1998," the Bundesbank said in its
      Bloomberg  -  199 words
  • Page 9 Advertisements
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      86 9 f WORLD WIDE I Since 1975 our worldwide staff of over including lawyers, chartered accountants, chartered secretaries and I bankers have provided confidential and cost effective company formation I in all the major low tax areas including: I Full professional after sales service a FREE copy of our 100 page
      86 words
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      Page 9 Advertisements Column 2
      77 9 une Opening (Special 7 Present the coupon below with any glass of housepour wine ordered and get a complimentary glass! We Are Hen s rj I d^' I csßgg^if i jfljjjKa m«. >.. u E I Complimentary Glass with an order of I any glass of housepour wine. <SB*&dm* VjMTMMOth
      77 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Little joy to be found in World Cup festivity
      761 10  -  THE BOTTOMLDffi OPINION By Salil Sarkar The writer is a Paris-based journalist who contributes to BT. THIS is supposed to be a festive occasion. Half a million football fans from 32 countries have turned up in France for the big party.
      761 words
    • Article
      IN OTHER WORDS
      112 10 'We're used to one per cent or 2 per cent un#mployment. People are starting to get very angry and uncertain about the future.' lan Perkin, chief economist of the Hongkong General Chamber of Commerce. As the wall of mistrust comes down, we can develop with the Islamic
      112 words
    • Article
      Clinton's trip to China
      609 10 EDITORIAL PRESIDENT Bill Clinton V summit visit to China is coming at a time when East Asia is looking to Washington and Beijing for a strong leadership. A show of willingness on the part of the two Pacific giants to work together at containing the financial
      609 words
    • Article, Illustration
      Lock icon Opportunity in crisis
      1238 10  -  Sanctions against India's nncleac tests have provided a window for tough economic reforms By Prem Shankar Jha The writer, former editor of The Hindustan Times, contributed this article to BT. THE Indian and Pakistani reactions to the economic sanctions imposed by the United States following the South
      AFP  -  1,238 words
    • Article
      WHAT THE OTHERS SAY
      732 10 Mo hard-and-fast policy OUR natural impulse is to side with the oppressed Kosovars. Slobodan Milosevic ma- nipulated Serbian war criminals in Bosnia. His arrogant abrogation of the Kosovars' autonomy a decade ago invited today's trouble. By driving tens of thousands from their homes, he has radicalised
      732 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      35 10 DOOMLSBURY By Garry Trudeau rrs 7m last sasp of a youKNCXUWHATTbe- SBLF-CBNTERSQ WSHJNC- NOT THAT LWSeiHFeU?' TK)NAL.ARRES7EI?GENeFA- 7U£F£% CBR- YAPPA, S&N/FIES,PONT VON CHOKJNG ONThe BW*AL, ANYTHING TAINIY YAPM. -T|[j you* ms ma iRONYSQMBpper*nuSOF uxchg not/
      35 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      222 11 Where to wine, dine and entertain... -g (< H| sna Don t Let Dad Miss J lie Love Boat! o*je i>.E guywap DEIfeLl /m/jMK. Wy La-Carte menu. /=wg^MWestern and local /I y favourites chef s V. I m I yjf speciality top selling Yl.f i Hainanese Chicken Rice, NasiGoreng Istimewa,etc.
      222 words
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      Page 11 Advertisements Column 2
      89 11 '8.80 PKR PAX (mill 4 person) Bufff t l-uiich Hiah Tea Mon to Frt Sat. Sun Pub Holiday Adult: $13.80*" (12.00pm to 5.00 pa) Child: $10.00*" $10.80*" Buffet Pinner (Nightly 6.30pm to 10pm) Adult: $14.80*" Child: $10.00*" If ttu-auMHiH Hotdi 25 chmli Singapore *****6 To a night of 9? ec
      89 words
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      Page 11 Advertisements Column 3
      130 11 V FATHER S DAY I BRUNCH (21 JUNE \m) I >52.00*** PER APULT WITH FREE-FLOW OF CHARLES HEIPSIECK I champagne, rep white wine, praoght tiger peer anp FRESH FRUIT JUICES >28.50*** PER CHILD WITH FREE-FLOW OF SOFT PRINKS I PAOLOPINGS PASSIONATELY ITALIAN TASTIFC'LLY CHINESE royal crowne plaza Singapore 25 SCOTTS
      130 words
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      Page 11 Advertisements Column 4
      205 11 Buy It. Sell It. Find It. Classified. CA.TjS-1 Call Today For Results Tomorrow. 1800-*****66 To food With JLove Nibbles Cafe Lunch DinneHJuffet 21 June 98 (Sun) He's the bostot the house ft notffea less will do! toed ft international dishes: Oysters on Ice, Thai Beef Salad, Masala Prawns, Gadogado, desserts
      205 words
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      Page 11 Advertisements Column 5
      165 11 RELISH PINE COURT CHINESE RESTAURANT'S BEIIING DUCK FOR ONLY $25++* I Reservations: 831 6262/€»6 CHINESE JWmik. 5 Orchard Poad iingaport avu*,7 RESTAURANT w *****11 Win Cm.r rnVtS. >ini»\g Cgr+i-PtOlfgs! o* June 10 k 21, celefevAfe RwHver'j D**y #»f K#»rrieff C«*£e or *J*»«v H«e CU"m«e D«*> coul4 wt* Hve Yxsf F»*H\«v's
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  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      725 11 TV&RADIO Prwden is Movies The Protec- 11.00 Singapore At Work. 900 AM Soccer WnrlH P.m U 30 S P eak Ea§ y li'l'lifflimi—— AM Worid Cup 4.00 News 5 Today foUowed 12.08 AM Midnight Movie by Afternoon at the 10 4a rincp Movies 2.30 MTV's Mandarin Top 0 n 5.00
      725 words
    • Miscellaneous
      Page 11 Miscellaneous Column 2
      174 11 CKVFTIC CROSSWORD insurance 16 Record some almost made at 21 Sounds as though top men are 28 Quits flat (4) !1 29 Might order great changes go- am cth o hirrtcMm ingback(lO) r XtgrflUrg SOLUTION 13 Agrees to dispose of the body iiiJun.uujißiim. down (10) ™fwf^BHB?KljlBn 2 Following ten who
      174 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon McCarthy scores a draw
      442 12 WORLD CUP 98 South Africa and Denmark end 1-1 after an eventful match and 3 sendoffs Reuters Benedict McCarthy scored South Africa's first World Cup goal yesterday to grab a 1-1 draw against Denmark in an incident-packed match which saw three sendings-off, equalling the record for
      Reuters; REUTERS  -  442 words
    • Article, Illustration
      Lock icon Wipe out those boring teams
      644 12  -  It's Brazil's and Italy's doty to knock ont tepid Norway and Austria By Shahiron Sahari [SYDNEY] Now that Brazil have qualified for the second round, and Italy are almost there, it is their duty to ensure that this World Cup sees the last of the
      FILE PHOTO  -  644 words
    • Article, Illustration
      Will the Eagles fly?
      270 12  -  World Cup viewing guide By Shahiron Sahari K Tha one to watch Kjk Nigeria vs Bulgaria (Grp D, 11pm, Fri) Who would have thought Spain would be at the bottom after the first crop of matches? But this was always going to be a tight group,
      270 words
    • Article, Illustration
      Christie's first Thai art auction a big success
      590 12  -  ART Fast and frantic bidding prices way above valuations done by art experts By I Sian Jay [SINGAPORE] Art works can be important financial assets, if the recent Christie's auction in Bangkok is anything to go by. With the recent regional market
      590 words
    • Article
      A highly entertaining battle
      381 12  -  FESTIVALOF ARTS By< Chua Soo Pong (SINGAPORE In Jbe field of Beijing opera, the performing style of the Shanghainese is said to be different from that of the Beijing school. Shanghainese performers have a reputation for being more liberal in their interpretations, more innovative in their
      381 words
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      Page 12 Advertisements Column 1
      81 12 One masthead must be ftoni 3 -< </> <J in \g| ri i J" 'MBflT r r i# > I H M 100 "TKe SuNday Paper" T-shirts-up por qrabs! StOMp dowN to tKe SiNqaporE iNtErNatiONOL CONVENtiON ExhibiTiON CENtrE, Level 4, SlNqapOTE PrESS HOL(INqS Booth No. C 1 ON SuNday 21
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  • COMPANIES & MARKETS
    • Article
      SIA keen on stake in DBS Land's Raffles Hldgs
      522 13  -  Group considering swopping its Raffles City interest for Raffles Hldgs ahead of its listing By^ Conrad Raj [SINGAPORE] Singapore Airlines has decided to let an agreement to sell its entire 5.37 per cent stake in the Raffles City hotel, shopping and
      522 words
    • Article
      Lock icon SingTel expands overseas network
      245 13 It is setting up office in Australia; added nnits in China* US Bloomberg [SINGAPORE] Singapore Telecommunications Ltd is expanding its overseas network even as it readies to face new competition in less than two years. In the past month, Sing Tel has added units in China
      Bloomberg  -  245 words
    • Article
      Betting on M'sian warrants not for the faint-hearted
      818 13  -  HOCK LOCK SIEW Louis Beckerling TAKING a punt on warrants calls for some fine judgment at the best of times, and a gambler's raw nerve at the worst of times. In the present market circumstances, it has surely been the latter, rather
      818 words
    • Article
      IPC names KPMG to report on its operations
      882 13  -  Report to help in revamp of USs7om loan;itrepondsto auditors' statement By, Annette Pau [SINGAPORE] IPC Corp has appointed auditors KPMG Peat Marwick to prepare a report on its business operations to help in the restructuring of a 15-bank syndicated loan of US$7O
      882 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon KFC plunges 12% on botched property sale
        647 14  -  Stock tumbles 35% in 4 days on disclosure that it has not been paid for Wisma Idris From Meera Tharmaratnam and Ruth Wong in Kuala Lumpur KFC HOLDINGS Bhd shares continued their plunge yesterday, falling another 12.4 per cent to close at 2.68
        Source: Bloomberg; FILE PHOTO  -  647 words
      • Article
        Lock icon Kretam defaults on interest payments
        236 14 Reuters [KUALA LUMPUR] Malaysia's Kretam Holdings Bhd, its stockbroking unit Innosabah Securities Sdn Bhd and associate Jeffa Construction Sdn Bhd have defaulted on interest payments on bank borrowings. In a statement to the Kuala Lumpur Stock Exchange yesterday, Kretam said that in addition to its
        Reuters  -  236 words
      • Article
        Why so many AGMs on same day?
        271 14  -  LHTIWS TO THE EDITOR Denis Distant Singapore THE SES requires listed companies to hold their AGM's within six months of their financial year-end. The result is a rush to hold these meetings in the last week of June, since most Singapore companies have
        271 words
      • Article
        San Teh: audit of China units is routine
        409 14  -  Goh Eng Yeow Executive director San Teh Ltd I REFER to the BT report yesterday headlined "San Teh orders review of financial statements". It is routine, and nothing exceptional, for auditors of companies such as San Teh Ltd, with substantial investments in
        409 words
      • Article
        Lock icon Sino Land in litigation with Hang Lung: report
        192 14 AFX-Asia, Bloomberg [HONGKONG] Sino Land Co Ltd is in litigation with Hang Lung Development Co Ltd over a HK$l.O7 billion (***** million) deal in 1996, the Oriental Daily reported. Sino Land, controlled by Ng Teng Fong of Singapore, agreed to acquire a
        AFX-Asia,; Bloomberg  -  192 words
      • Article
        Lock icon Sahaviriya asks to extend rehab plan deadline
        205 14 AFX-Asia [BANGKOK] Sahaviriya OA said it has asked the Stock Exchange of Thailand (SET) to extend a deadline to submit its rehabilitation plan to Oct 30, from the original July 3. The Thai steel group said it has made progress in drawing up
        AFX-Asia  -  205 words
      • Article
        Lock icon Nakornthon Bank to sell stakes to three foreign investors
        257 14 Price lower than what founding family wanted: president Bloomberg [BANGKOK] Nakornthon Bank pic, among Thailand's smallest commercial banks, will sell substantial stakes to three foreign investors, said bank president Thamnu Wanglee. Mr Thamnu, whose forefathers founded the bank in 1933, would
        Bloomberg  -  257 words
      • COMPANY Briefs
        • Article
          Lock icon M'sian Helicopter renamed Naluri Bhd
          38 14 AFX-Asia [KUALA LUMPUR] Malaysian Helicopter Services Bhd has been renamed Naluri Bhd, the Kuala Lumpur Stock Exchange said yesterday. Its securities will be traded and quoted under the new name starting today. -AFX-Asia
          AFX-Asia  -  38 words
        • Article
          Lock icon KLIH shares to stay suspended
          85 14 Reuters [KUALA LUMPUR] Shares of property and consumer products company, Kuala Lumpur Industries Holdings Bhd, are to stay suspended, the Kuala Lumpur Stock Exchange said yesterday. The company said on Wednesday it had received court protection from creditors against winding up, receivership and foreclosure. KLIH,
          Reuters  -  85 words
        • Article
          Lock icon Best World Land shares suspended
          54 14 Reuters [KUALA LUMPUR] Shares of plantations and property company Best World Land were suspended yesterday, said the Kuala Lumpur Stock Exchange. Best World said on Wednesday a subsidiary, Best World Sdn Bhd, had defaulted on loan payments to Sime Bank. The unit owes 179.25 million
          Reuters  -  54 words
        • Article
          Lock icon Suharto's son, cousin quit PT Tri Polyta
          58 14 AFX-Asia [JAKARTA] PT Tri Polyta Indonesia chief commissioner Bam bang Trihatmodjo and president director Sud wikatmono have resigned, the Jakarta Post reported. Businessman Peter Gontha will replace Mr Bambang, a son of former president Suharto, and outgoing vice-president Markus Hartanto will replace Mr
          AFX-Asia  -  58 words
        • Article
          Lock icon More time to repay Grand Central
          109 14 AFX Asia [SINGAPORE] Hotel Grand Central has given the buyer of a piece of its property in Sydney more time to make ftill payment. The buyer, TMG Developments Pty Ltd. was supposed to pay up A 525.15 million (5525.4 million) by June 30. But
          AFX Asia  -  109 words
      • Article, Illustration
        Village Roadshow plans takeover of Golden Harvest
        708 15  -  HKs4oom offer conditional on HE firm aborting proposed placement From. Loh Hui Yin, Russell Baker in Sydney AUSTRALIAN entertainment group Village Roadshow wants to make a HK$4OO million (5585.6 million) takeover of film producer Golden Harvest Entertainment provided the Hongkong company cancels plans
        708 words
      • Article
        Lock icon Lend Lease may sell US property management unit
        220 15 Bloomberg [SYDNEY] Lend Lease Corp said it is in discussions with LaSalle Partners Inc on selling its property and facilities management business to LaSalle. The company said the talks Involve the potential sale of its Compass Management and Leasing Inc unit and
        Bloomberg  -  220 words
      • Article
        Lock icon Lai Sun to sell stake in Viet resort to subsidiary
        208 15 Lai San Hotels to pay HKslosm for 49.9% ofFnramalnt'l Hoteliers Bloomberg [HONGKONGI Lai Sun Development Ltd, which is a landlord and develops property, said it would sell its stake in a resort in Vietnam to subsidiary Lai Sun Hotels International
        Bloomberg  -  208 words
      • Article, Illustration
        Lock icon Telstra joins WorldPartners alliance
        137 15 [SINGAPORE] Australian telecommunications company Telstra yesterday announced that it would take a 10 per cent stake in WorldPartners, a global alliance of telecoms companies. The World Partners Association groups a number of the world's leading telcos in an alliance which then provides global communications services to
        FILE PHOTO  -  137 words
      • Article
        Lock icon Goldlion closing loss-making shops
        158 15 AFP [HONGKONG] Hongkong's leading apparel retailer Goldlion Holdings has started closing down loss-making shops in a string of cost reduction efforts amid a retail slump, the company said yesterday. Goldlion said it had shut down 10 out of 30 outlets in Hongkong as well as two
        AFP  -  158 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon McDonald's plans to cut HQ staff for first time
        377 16 23% of jobs to be axed via voluntary severance, retirement Reuters [CHICAGO] McDonald's Corp on Wednesday said it planned to cut 23 per cent of the work force at its headquarters outside Chicago, reducing the corporate staff of the world's biggest
        Reuters  -  377 words
      • Article
        Lock icon AT&T interest in AOL may be costly gamble
        235 16 Reuters [NEW YORK] AT&T Corp is reportedly interested in buying America Online Inc to gain a leadership role in the consumer Internet business, but analysts said the telecommunications giant may be wiser focusing on more lucrative corporate customers and international markets. The
        Reuters  -  235 words
      • Article
        Lock icon Goldman IPO: windfall for two?
        346 16 Sumitomo Bank, Hawaii trust could reap USs&Bb: report Bloomberg [NEW YORK] Sumitomo Bank Ltd, Japan's second largest bank, and Kamehameha Schools/Bishop Estate, Hawaii's biggest landowner, could reap US$6.B billion (5511.3 billion) from their stakes in Goldman Sachs LP, making them the top beneficiaries when the
        Bloomberg  -  346 words
      • Article, Illustration
        Lock icon HP shares fall on fears Asian crisis will worsen
        316 16 Bloomberg [PALO ALTO, California] Hewlett-Packard shares fell as much as 3.7 per cent amid concern that earnings at the world's third-largest computer maker will suffer in coming quarters because of Asia's economic crisis. HP shares fell 1 1/16 to 58 3/8
        Bloomberg; Source: Bloomberg  -  316 words
      • Article
        Lock icon Ericsson in talks to buy Ascend of US
        254 16 Deal will give Swede giant a hold in data networking products Bloomberg [STOCKHOLM] Ericsson AB, one of the world's largest phone equipment makers, is in talks to acquire Ascend Communications Inc. and other computer networking companies, a person familiar with the talks
        Bloomberg  -  254 words
      • Article
        Lock icon Thorn sells US operations for £545m
        236 16 FT [NEW YORK] Thorn, the troubled rental group that owns Radio Rentals in the UK, on Wednesday sold its US operations for £545 million (Ssl.6 billion) and promised to return a substantial amount of the proceeds to shareholders. The buyer is Nasdaq-listed Renters Choice,
        FT  -  236 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Record Q2 net at Morgan Stanley, Lehman Bros
        511 18 Earnings up 45% and 168% respectively, boosted by investment banking Bloomberg [NEW YORK] Wall Street securities giants Morgan Stanley Dean Witter and Co and Lehman Brothers Holdings Inc yesterday reported record profits for the second quarter boosted by earnings from investment banking
        Bloomberg  -  511 words
      • Article
        Lock icon Mitsui Trust to cut back overseas: report
        468 18 SAP lowers Mitsui's credit rating, issues warnings on 2 others AFP [TOKYO] Japan's Mitsui Trust and Banking Co Ltd plans to cut back its overseas operations, including a pullout from lending to Japanese firms operating abroad, a newspaper said yesterday. The bank hopes
        AFP  -  468 words
      • Article, Illustration
        Lock icon Amex to buy biggest French travel agency for 1b francs
        430 18 Bloomberg [PARIS] American Express Go said it agreed to buy Havas Voyages, France's biggest travel agency, for about 1 billion French francs (*****.6 million), reinforcing its position as Europe's largest busi-ness-travel operator. The New York-based travel and financial services company
        Bloomberg; FILE PHOTO  -  430 words
      • Article
        Lock icon Five-way battle to build US$960m pulp mill in Latvia
        417 18 FT [STOCKHOLM] Five international forestry groups, including four from Scandinavia and Toleram of Singapore, are competing to build a US$96O million (Ssl.6 billion) pulp mill in Latvia one of the biggest direct foreign investments in the Baltic regipn. A joint venture
        FT  -  417 words
      • Article
        Lock icon Euroyen firms up on short-covering
        265 18 SIMTiX Report Reuters [SINGAPORE) Simex Euroyen futures rose yesterday as the yen's recovery following joint intervention by the Federal Reserve and Bank of Japan overnight prompted players to cover their positions. Dealers said the dollar's six-yen drop from around the 143 level cast a glow
        Reuters  -  265 words
      • Article
        Futures soar with stocks on yen's rise
        170 18  -  MS& TAIWAN FUTURES Cecilia Loh Cecilia boh, service dealer, Refco Singapore [SINGAPORE] The Simex MSCI Taiwan Index futures surged 13.50 points, along with the stock index which posted its biggest gain in eight months. The Weighted Price Index soared 301.93 points, bolstered by
        170 words
      • Article
        Lock icon Crude falls in NY on lack of storage space
        231 18 ENERGY REPORT Bloomberg [NEW YORK] Crude oil fell 8 per cent as a shortage of storage space forced traders to sell July futures, which expire on Monday, to avoid having to take delivery. Cushing, Oklahoma, the New York Mercantile Exchange's delivery
        Bloomberg  -  231 words
      • Article
        Lock icon CURRENCY REPORT
        255 18 AFP London THE dollar was slightly firmer against the yen in quiet late afternoon trading, with the market monitoring the meeting between US Deputy Secretary Lawrence Summers and Japanese officials, dealers said. They said market players are focusing on possible hints from the meeting of further joint intervention
        AFP  -  255 words
      • Article, Illustration
        Untitled
        1226 18 DVTERBAMK CROSS RATES Junl8 rr-~. *S CS ECU FIT Pw HK$ IwiitNptoh Tw Won H ftfc Is Nm S$ Bwwi S«r WTS B*t Pvmt tfS$ *"5r5u 0.891 6.T78 0.550 1644 1.087 4.715 252*195.004 0J34 8.486 2.409 1.176 *7.088 24.756 1010 3.217 0.908 20.762 25J82 0.366 0609 Canada 1122 5.672 0.617
        1,226 words
      • Article
        COMMODITY PRICES
        1769 19 aOOMPDTPHBS RUBBER (fwturts closing *s *t 5.30pm) RSS1 CONTRACTS cmtsAg) Clow Volume Opm Low Srtt (tomes) Interest 1 mis So A*** 0 118.25 690 *f ao 120.25 119.25 119.50 350 650 WOK 98 123.50 4650 99 128.50 1500 99 132.75 1800 RSS3 CONTRACT (US cents/kg) Volume Open Hlqft
        1,769 words
      • Article
        WORLD STOCK MARKETS
        2201 19 LONDON Indwititoli Je» Nace 31 Croup 664.400 1.000 A6 Ports 340.000 -3.000 Abbey National 1028.500 -4.500 Allied Oomecq 580.000 -5.000 Amec 206.600 -3.400 Asda Group 192.400 -0.800 BAT Ind 577.000 7.000 BG Pie 326.000 -4.000 BtCC 145.000 -2.000 BOC Croup 858.000 unch BR Petroleum 859.000 -6.000 BTR
        2,201 words
      • Article
        Lock icon TOKYO
        1632 19 Bloomberg 13 Nikkei 225 4MUI JAPANESE stocks surged, with the benchmark posting its biggest one-day jump in five months, after the US and Japan sold dollars for yen, arresting a currency slide that threatened to destabilise Asia. Bank of Tokyo Mitsubishi Ltd and Sony Corp paced an across-the-board rise.
        Bloomberg  -  1,632 words
    • Article, Illustration
      Lock icon HONGKONG
      1571 20 Reuters Q Hang Seng +511.62 STOCKS rallied to a sharply higher close yesterday as investors breathed a sigh of relief after US and Japanese intervention propped up the battered Japanese yen, brokers said. The Hang Seng Index rose 511.62 points, or 6.39 per cent to end at 8,515.97 after
      Reuters  -  1,571 words
    • Article, Illustration
      Lock icon CHINA
      652 20 Reuters Shenzhen B Index +2JBB SHENZHEN'S hard currency B Share Index closed sharply higher yesterday as buying interest was rekindled by a turnaround in the Japanese yen and surges in Hongkong stocks, analysts said. The B Share Index leapt 2.88 points, or 3.56 per cent, to 83.75 on turnover
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  652 words
    • Article
      TAIPEI
      387 20 QWP Index +30L93 TAIWAN share prices soared 4 per cent, lifted by the yen's rally on intervention by the United States and Japan, dealers said. The Taiwan Stock Exchange Weighted Price Index surged 301.93 points to 7,748.31, following a 0.8 per cent rise in the previous session. "Intervention by
      387 words
    • Article
      Lock icon WELLINGTON
      254 20 AFP M Wellington +3235 NEW Zealand stocks closed yesterday 1.6 per cent up, buoyed by joint yen-support-ive intervention by the United States and Japan which lifted Asian currencies. The NZSE-40 Index was up 32.35 points to 2,031.94 on turnover of NZ$lB5 million. Insurer AMP added 78 cents to NZ523.78.
      AFP  -  254 words
    • Article, Illustration
      Lock icon BANGKOK
      795 20 AFP Hsirrgndex +22,21 THAI share prices surged yesterday in the wake of joint US and Japanese intervention to stop the yen's slide and a rally in regional markets, analysts said. Thai stocks closed off their highs after the yen's rebound eased pressure on the Chinese yuan, sending the index
      AFP  -  795 words
    • Article
      Lock icon SEOUL
      427 20 AFP CI Composite Index+2L6B SOUTH Korean share prices surged yesterday as investors heaved a sigh of relief over US intervention to prop up the frail Japanese yen. The latest rally saw the market soar by 15.5 per cent in just two days, following heavy losses which saw the market
      AFP  -  427 words
    • Article
      Lock icon SYDNEY
      584 20 AFP rl All Ordinaries +5fL9 AUSTRALIAN share prices surged 2.3 per cent yesterday as the US-inspired yen rescue package boosted investors' confidence, brokers said. The All Ordinaries Index gained 58.9 points to 2,608.2. Turnover totalled 411.07 million shares worth A 51.41 billion. The All Industrials Index closed up 82.5
      AFP  -  584 words
    • Article, Illustration
      Lock icon JAKARTA
      737 20 AFP fl Composite Index +20.65 INDONESIAN shares leapt 4.9 per cent yesterday on the strength of regional markets and on news of Japan's Ex-port-Import Bank providing a US$l billion (Ssl.7 billion) credit for Indonesian exportrelated firms, dealers said. "There was a lot of positive sentiment on the Japa-nese-related news,
      AFP  -  737 words
    • Article
      Lock icon MANILA
      325 20 AFP H Manila +112.41 PHILIPPINE shares closed 6.6 per cent higher yesterday on US and Japanese efforts to prop up the Japanese yen, analysts said. The Composite Index rose 112.41 points to close at 1,828.59. Volume rose to 851 million shares worth 1.45 billion pesos. Philippine Long Distance Telephone
      AFP  -  325 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8575 21 INDUSTRIALS Consumer products Wa Last Vol 0,y N C.P HI L Sale OOO High Low P/C jmM 3 J° Ajinomoto 220 unch I 220 220 12.1 89.2 '2® "f Angkasa 63 5 -I 33 65 63.5 1.5 93.6 290 123 Apollo Food Hlg 141 41 56 4 iff a?2 r
        8,575 words
      • Article, Illustration
        Lock icon Shares rise on the back of stronger yen
        409 21 AFP Q Composite Index +20.94 MALAYSIA'S key stock index ended higher yesterday due to the yen's recovery although some quick profit-taking pared earlier gains. An institutional dealer at a local brokerage said the US Federal Reserve's joint intervention with the Bank of
        AFP  -  409 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3690 22 BONDS. LOANS t WARRANTS wt Last Vol Oay Last Ouota Avg 8t— Campany Sal* *or- COOO) High Low Buyer Saltar Prlca 23.5 9 m 3000 m AMDB c5 5%*****6.... to 9.5 13 20.5 5 3160 "Ac*r ******1 US$ 5 5.5 8 95 8.5 3164 Acma W*****4 11.5 »1 38 12
        3,690 words
      • Article
        RHB Cap wrt: not for faint hearts
        172 22  -  WARRANT WATCH Louis Beckerling THE highly-liquid warrants of Malaysian banking group, RHB Capital, were once again traded heavily yesterday, adding 4 sen to 52 sen in the process. With the underlying mother share up 10 sen at 1.85 Malaysian ringgit on volume of
        172 words
    • Article
      CLOB INTERNATIONAL
      2347 22 Transaction date Jun 18 MALAYSIA* STOCKS Gr Or IMS Lot VI Day Last Ouota Dtv Otv YM Nat M C*« Ht» Ui Stno Co«np«f>v Sa* COOO) High Law Buyar Mk> CV W $m« 135 28 mi 5000 MSB 50c 51 *05 390 55.5 51 51 52 5.0 3.3
      2,347 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6425 23 Transaction date: Jun 18 1998 Cr Gr M Wt High Lao <>tu > i*? 1 *•< Oty Last Oust* W» Mv VM NX Cap Avi c om»#nv (OOP) High Low Buyar SaNar H C'yr P/I $mli Prlca INDUSTRIALS 43 1020 ACE 0y«amlc»60e_. 16.5 id
      6,425 words
    • Article
      SESDAQ
      1158 23 h»~"u. »,tr r«. t 134 79.5 2000 ABR HMqs 5c 80 -12 7 80 80 80 90 39 0 89 243 65 2049 AS Auto 10c 74.5 *8.5 1932 83.5 69 74 74.5 1S.0N 6.8 2.0 6J 85.1 68 82 48.5 2051 ASJHMg*20c 57 58 2.5 KJ.2 0.9 11.0
      1,158 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        234 24 UnZMSZSHHK StKfu Volume DBS land 25.025,000 *RHB Cap Wt99 14,442,000 *M Resources 14,394,000 •MBf Capital 14.297,000 Wing Tai 25c 13,602,000 •Renong Bhd 50c 11,663,000 Easyknit HKIOc 11,658,000 *Rekapacific Bti 11,207,000 TAC BtlO 200 9,908,000 •Magnum Corp50c 9,529,000 Stacks DBS Foreign 53,563,440 UOB Foreign 42,825,953 DBS Land 38,649,321 OCBC Foreign 37,137,900
        234 words
      • Article, Illustration
        HOT STOCK
        66 24  -  by Shiv Taneja MULPHA International closed unchanged yesterday at 18 cents on a volume ot 3.29 million shares, compared with its 10-day traded average ot 1.01 million shares. The counter is trading just off its two-and-a-halt-year low While the daily and weekly RSI and stochastics indicate that the
        66 words
      • Article, Illustration
        Lock icon Back to fundamentals alter yen revival lifts shares
        698 24  -  STOCK MARZBT COMMENTARY Profit-taking erodes early gains; property stocks steal the show; Fed strategy on yen will determine future mood By Wong Wei Kong [SINGAPORE] What could have been another dazzling raUy for Singapore stocks petered out yesterday, as prof-.it-taking and the
        Chart info from Bridge  -  698 words
      • ON THE GRAPEVINE
        • Article
          Getting bad debt off your books
          192 24 NOW here's a company that claims to have a solution to all your bad debt problems, especially if you are sick to death of sleepless nights and interminable trips to the lawyers' office. A new company, Asian Debt Management Limited, has been set up
          192 words
        • Article
          Bonus issue
          81 24 A LOCAL listed company, Ossia International Ltd, has come up with an innovative way of combating the retail blues and rewarding shareholder loyalty at the same time, its latest annual report comes with discount coupons which can be used for purchases at any of its World of Sports
          81 words
        • Article
          Their fading fortunes
          136 24 THE problems of Japanese banks have been pretty much in the headlines recently. But perhaps the rankings of the world's top banks still tell the story best In th is month's Euromoney magazine, for example, a joint ranking done with bank rating specialists Fitch IBCA shows how
          136 words
        • Article
          Handphone pollution
          85 24 THERE have been suggestions that perhaps a handbook on handphone etiquette for Singaporeans is needed. This will be welcomed in concert halls, restaurants and cinemas, and is already strictly enforced in many private clubs. Better still, some irate people insist, have a special courtesy month for handphone users.
          85 words
        • Article
          Catching up with the boys
          123 24 A RECENT Washington Post story reveals that American girls have caught up with the boys in mathematics and science. Tsie bad news is that they are now smoking, drinking and using drugs as often as boys their age. For example, a report released by a
          123 words
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      Page 13 Advertisements Column 1
      6 13 Telstra in WorldPartners alliance, Pg 15
      6 words
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      Page 13 Advertisements Column 2
      96 13 The sensation of time CONCORD® Watchmakers Since 1908 CONCORD VENETO™ Time as a tactile experience... Eighteen karat hand-crafted, hand-polished. Exuding an unmistakable sense of luxury. Iff To the eye. JI r d Concord Service Centre; fIJWUiJW— —Tel: 220 5337 Fax: 220 2994 wOTM VSL 1 Authorized dealers V Asia Watch
      96 words
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      Page 14 Advertisements Column 1
      210 14 Improve Your Business with a Liquidity Lunch Faced with a cashflow problem? Come for a luncheon talk about the Local Enterprise Finance Scheme (LEFS) and learn J I how the scheme assists small and medium enterprises to upgrade, I strengthen or expand. J Our speaker is Mr. Jcfmes Sim, Senior
      210 words
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      Page 14 Advertisements Column 2
      29 14 FREE! If you. have found something, you can advertise for free in Classification 821 (Found) to seek its owner. A Call C.A.T.S. at 1800-737-1166. CXTA I Another Classified Ssrvtce
      29 words
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      Page 15 Advertisements Column 1
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      226 words
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      Page 15 Advertisements Column 2
      89 15 W&Sm SH& affin I NO RISK, I I HIGH YIELD I I INVESTMENT. I I REVIEW I With the region's tiger economies battling to reform and restructure, a |SK subscription to the Far Eastern Economic Review is a sound investment. SBlf Every week, we provide unmatched insights into the economic
      89 words
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      4038 17 The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of
      4,038 words
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      Page 18 Advertisements Column 1
      70 18 NOTICE OF INTEREST RATE Cho Hung Bank Floating Rate Notes Due 1999 NOTICE IS HEREBY GIVEN that the interest rate covering the interest payment period beginning June 9, 1998 and ending on December 9,1998 has been fixed at 5.*****%. The Interest Amount payable on each $1,000 amounts to $30.26 on
      70 words
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      Page 18 Advertisements Column 2
      17 18 gl 1 It was a breeze BJH- J getting this second-hand car through The Straits Classified. CATS.
      17 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      62 20 Hello? I'm calling about\ Gosh, m 50 happy your advertisement in great..-just like found my pet through 1 The Straits Times Classified... I I the ad J I The Straits Times Classified. I you still have the puppy... J described, going to take real shtov IT' Buying or selling through
      62 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      69 22 f calling about\ /See...l told\ /The card we'reV the computer I y°u this was a) making for Susan 1 y advertised in J good deal. J Yup, we got what V is going to be J The Straits Times >//. 1 (we wanted because real nice! XaAdXJ —I of offered^n
      69 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      756 24 [business Notices TO ADVERTISE CALL TOLL-FREE 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WALKERS TOURS TRAVELS SINGAPORE (PTE) LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant lo Section 308 (1) of the Companies Act, Cap. 50, that a Final
      756 words
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      Page 24 Advertisements Column 2
      526 24 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OK I.EITHILIi ENTERPRISES PTE LTD (MEMBERS' VOLUNTARY WINDING IP) At an Kxtraordlnary General Meeting of the abovenamed Company deemed to have been held on 12 June 1998. the following Resolutions were duly passedSPECIAL RESOLUTIONS WINDING UP RESOLVED:
      526 words
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      Page 24 Advertisements Column 3
      521 24 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF INTEL INVESTMENT PTE LTD (MEMBERS' VOLUNTARY WINDING UP) At an Extraofdnary General Meefang of tie abovenamed Company deemed to be held on Wednesday. 10 June 1906, the lolowng resolutions were duly passedSPECIAL RESOLUTION (a) RESOLVED that
      521 words
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      Page 24 Advertisements Column 4
      468 24 SINGAPORE TENPIN BOWLING CONGRESS NOTICE OF ANNUAL GENERAL MF.F.TINQ NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Singapore Tenpin Bowling Congress will be held on Friday, 10 July 1998 at 5.30pm at 6 Zone One. National Stadium. Kallang (South Entrance), Singapore *****8. NOTICE of any special business
      468 words
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      Page 24 Advertisements Column 5
      349 24 /THE companies ACT CHAPTER SECTION 2M(2Kb) mam—mi WEMEX ENGINEERING ASIA PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of Wemex Engtneenng Asia Pte Ltd held at 17F East Town Building 41 Lockhart Road. Wanchai, Hong Kong on 10th June 1998. the following special resolutions were duly passed
      349 words
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      Page 24 Advertisements Column 6
      722 24 IN THE MATTER OF COMPANIES ACT,CHAPTER 50 AND IN THE MATTER OF MEGASENS PTE LTD (In Member's Voluntary Winding-up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant 10 Section 301 of the Companies Act. Cap. SO thai the Final General Meeting of the members of the abovenamed Company will
      722 words
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      Page 24 Advertisements Column 7
      344 24 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF HIGH-Z ELECTRONICS PTE LTD (Members' Voluntary Winding Up I At an Extraordinary General Meeting of the Members of HIGH-Z ELECTRONICS PTE LTD. duly convened and held at 5001 Beach Road #07-24 Golden Mile Complex. Singapore *****8
      344 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      333 25 Bridge News, Reuters THE rate on the key US Gulf-Japan grain run rose again today to reach $15.00 without combination for the prompt position. But trading was generally slow and some brokers said the firmer market may not last long. It was a featureless day on the freight
      Bridge News,; Reuters  -  333 words
    • Article
      MARITIME STOCKS
      297 25 *1- v*t_ CWT Distribution 0.44 0.046 1)00 ChuanHi* OJS unch. *****0 Cosco mv*stm*nt 0.6 -0.01 1500 rrjtflh»Unk« OJ unch 2560 66 HoMtnqi 0.22 until 0 HMSonHup 0.41 0.003 1210 HlUcNZaaan—0.565 -0.005 two IMC Holdings 5.6 unch 0 Jaya Hotfngs 0.395 0.015 1300 Juronq Shipyard 6.15 0.05 2110 K*pp*iCorp
      297 words
    • Article
      Captrans suspends S'pore-India service
      367 25  -  Indian-owned line trying to seek father financing to pay off debts By. Marcus Hand [SINGAPORE] Captrans Shipping, which started plying the Singapore-India trade just eight months ago, has suspended its services in the face of financial troubles. The Indian-owned line's fixed-day weekly service Sin-gapore-Haldia-Calcutta was suspended
      367 words
    • Article
      Ship adrift towed to Madras
      236 25  -  From Rajendra Bajpal in Newltelhi A SHIP which set sail from Singapore for Madras went adrift in the high seas after its power and engine failed and had to be towed to its destination yesterday, Indian coastguard officials said. The Belize-registered vessel Mt Ghanim Power,
      236 words
    • Article
      Dissenting arbitrator cannot insert his views into award: appeal court
      788 25  -  ADMIRALTY CASEBOOK By\ Selva Kumar THE arbitration rules of the Grain and Feed Trade Association (GAFTA) does not allow a dissenting arbitrator to insist that his views are inserted into an award, the English Court of Appeal has ruled. The
      788 words
    • Article
      Korea's Hanjin steps up move into tanker shipping
      341 25  -  By] Marcus Hand [SINGAPORE] South Korea's Hanjin Shipping has christened its second-owned tanker vessel, as the company continues to diversify into tanker shipping. The 17,500 dwt Andhika Adinugraha was christened at the Hanjin Heavy Industries Yongdo Shipyard in Pusan last week. The
      341 words
    • Article, Illustration
      Lock icon Cyclone rage
      40 25 [KANDLA] A ship swept ashore at Kandla port after a cyclone ravaged the coastal Indian state of Gujarat early last week. More than I,o96people died following the cyclone which uprooted trees, flooded highways and destroyed shanty towns. REUTERS
      REUTERS  -  40 words
    • Article
      Lock icon Aussie dockers get details of pact with Patrick
      439 25 Reuters [SYDNEY] The Australian waterfront dispute that began with hooded guards and muzzled dogs removing dockers from their jobs has all but fizzled out, with the maritime union preparing to take a peace deal to its members. The dispute, which began six
      Reuters  -  439 words
    • Article, Illustration
      Lock icon Test for Branson's Midas touch
      814 26 VIRGIN RAIL FLOAT Whether Richard Branson can recover his golden image will be tested with the planned £250 m float of Virgin Rail Reuters [LONDON] RICHARD Branson, Britain's best-known billionaire, admits that so far 1998 has been a nasty year, leading some to ask has
      Reuters; FILE PHOTO  -  814 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      363 26 PAGE Ethiopian 6 Ad 9 Evergreen 6 ANL 3 Express Tl 14 It Accord 8 FarwkJe 14 Ahrenkiel 14 FoongSun 8 Appenship 5 Froti '5 AsiaOCL 15 Frt Links 16 Astro 3 CLtn* 4 Austral 9 Cemartrans 8 Avant 16 Genshpg 9 B'tang
      363 words
    • Article
      SHIPPING GUIDE
      18016 34 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT f v V/4.1 JlJ Xi/tA/ 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 •v: <* -v v A 21/06 01/07 Triestino JITRA BMUM 65-*****35 21/06 09/07 MSC Agy MSC
      18,016 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        727 41 Voy Wo Berth Arrival Departure Jwe«g Nrt »?Hr irm00 B 105 alongside 19.06/2300 WOO' J15 alongside 20.06/2300 5 40 J13 ilo(K)SK)( 18 06/2359 «>«**» 2Jun98 J01 alongside 18 06/2300 JttnW J01 alongside 18 06/1830 2 *****8 J01 alongside 19 06/0600 J *****8 J01 alongs.de 18 06/1900 030M, J01
        727 words
      • Article
        CONTAINER SCHEDULES
        1712 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Bolonc* Rstls Ship Voy No Etb/Btr Period From To From Aba MM C2BV» 20/0100 M N/1500 18/1659 N/1900 n w/noo N/itst n/noo tt N/1700 N/0651 N/0900 21 18/1700 19/0651 N/0900 19/0700 19/1159 19/1400 Act Contr *#60'n 19/2000 iT 18/1500 18/1659
        1,712 words
      • Article
        GLOBAL HOLIDAYS
        171 41 Jan 10. Finland: Midsummer Eve Holiday. Jan 20. Finland: Midsummer Eve Holiday. Sweden: Midsummer Eve Holiday. Jon 23 Luxembourg: National Day. Jan 30. Brunei: Half Year Bank Closing. JnlL Canada: Canada Day. Hong Kong: SAR Establishment Day. Jul 2. Hong Kong: SAR Establishment Holiday. United States: Independence Holiday.
        171 words
      • Article
        COCKETT BUNKER MARKET REPORT
        975 41 THIS report, complied by Cockett Marine OU Ltd. shows price ranges In US dollars Instead of single Klces for a mors comprehensive description of t market Prices shown are based on average-sized stem Market movements are Indicated The Cockett Bunker Price Index change and the individual
        975 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        480 41 Carbon 180 Mm 992.1 1.0 110 0.10 72 0.07 Jun 11 Oamlty Water Ittidua A»h Aluminium Militant No abova £25 4 0 12 0 0 0 HM/M MO AM 987.0 0.2 14.7 0.04 J1 0.03 (nan 380 Mai 991.4 0.9 19.S 0.11 58 0.09 %v/v »h/h
        480 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Australia signs air cargo deal with Singapore
        352 42  -  Pact to provide unrestricted reciprocal market access also signed with Germany By\ Felix Chan [SINGAPORE] The Australian government has signed separate air pacts with Singapore and Germany to increase services between Australia and each of the two countries. The new air cargo agreement
        352 words
      • Article
        Lock icon Branson still committed to US-based airline
        239 42 Reuters [NEW YORK] Richard Branson, the British entrepreneur whose Virgin Group's holdings range from airlines and high-speed trains to retail stores and soft drinks, said he is still committed to starting a low-cost US based airline, the New York Times has reported. In an
        Reuters  -  239 words
      • Article, Illustration
        Lock icon PAL plans to sell up to 40 jets
        450 42 AFP A [MANILA! Philippine Airlines (PAL) plans to sell up to 40 jets as part of a drastic downsizing plan to cope with labour turbulence and the Asian financial crisis, an economic daily said yesterday quoting a senior airline official. The flag
        AFP; REUTERS  -  450 words
      • LOG Book
        • Article
          Lock icon Air China,Northwest in codeshare deal
          76 42 AFP [BEIJING] Air China has signed a code-sharing accord with Northwest Airlines of the US, according to reports. The two companies will link their computer reservation systems and Northwest will keep seats for Air China on trans-Pacific and American domestic flights, the official Xinhua news
          AFP  -  76 words
        • Article
          Lock icon Qantas launches first reconfigured jet
          74 42 Reuters [MELBOURNE] Australian airline Qantas Airways Ltd yesterday launched the first of its fully reconfigured 747 aircraft, part of a As2so million (*****.5 million) programme to completely refurbish its 747 and 767 fleet. The reconfigured aircraft will be progressively introduced on the Kangaroo route to
          Reuters  -  74 words
        • Article
          Lock icon Rolls-Royce wins US$60m engine order
          38 42 Reuters [LONDON] British aero engine manufacturer Rolls-Royce pic said it has been selected to supply engines worth US$6O million (Sslos million) to Corsair, a subsidiary of Nouvelles Frontieres, France's largest tour operator. Reuters
          Reuters  -  38 words
        • Article
          Lock icon Jet Air close to lease deal with MAS
          58 42 AFX-Asia [BOMBAY] Jet Airways is close to signing a lease agreement for three Boeing 737-400 aircraft from Malaysian Airline System Bhd, investment banking sources said. "Jet has apparently managed (to get) the lease at very competitive terms because of the turbulent times
          AFX-Asia  -  58 words
      • Article
        Lock icon Bangladesh to privatise 4 more railway routes
        136 42 AFP [DHAKA] The state-owned Bangladesh Railway (BR) is to hand over four more railway routes to the private sector to operate, an official said. "The process for handing over the charge of four routes to private enterprises is underway and they will handle
        AFP  -  136 words
      • Article, Illustration
        Lock icon Harnessing student power
        75 42 [KUNSAN] College students from the US inspect the engine bay of a passenger car made by the Daewoo Motor Co, as they visit Daewoo's car assembly lines in Kunsan, South Korea. Daewoo invited 125 US college students to the comprehensive orientation, including a line tour of Daewoo
        REUTERS  -  75 words
      • Article
        Lock icon Pilots of proposed alliance meet to discuss joint concerns
        472 42 Union worried that carriers may cut flights and jobs on some routes Bloomberg [FORT WORTH, Texas) AMR Corp's American Airlines pilots are joining counterparts at six other international carriers to map out labour concerns from a proposed global marketing alliance among
        Bloomberg  -  472 words
      • Article
        Lock icon Confirmed: faulty wheel caused German train crash
        308 42 AFP [BONN] A government investigation into a train accident that killed 100 people in Eschede earlier this month confirmed that a faulty wheel was the cause. Hans-Heinrich Grauf presented the Federal Railroad Office's (EBA) report to the parliament's traffic committee on Wednesday on
        AFP  -  308 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1773 42 OTY FUCHT ETA FUCHT ETP tMiM S0230 1910 Guangzhou PSC S0803 1905 C2354 0910 Amsterdam N***** 0755 K1844 0040 CZ35t 2045 ***** 1020 S0327 0755 GA974 2255 HaltonWC C***** 1030 U837 1455 KL838 2300 Hanoi VH741 1310 VH742 0905 Auckland N***** 2050 N***** 2045 VW740 MW
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      25 25 Virgin Bail float: Test for Branson's Midas touch Virgin Rail's floatation will show whether financial markets still believe in the old Branson magic. Page 2
      25 words
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      Page 25 Advertisements Column 2
      79 25 Australia signs air cargo deal with Singapore Fact to provide unrestricted reciprocal market access also signed with Germany. Back Page iup wm^m, LJ\y VIJ agencies pte. Ltd. PURE NEUTRAL NVOCC TO: USA HONG KONG PUSAN OTHERS r SINGAPORE: MALAYSIA: 120 Tanjong Pagar Road PENANG Tel: 04-*****36 (10 Lines) Mac-Nels House
      79 words
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      Page 26 Advertisements Column 1
      923 26 N QQ TH AMERICA 1 I EXPORT 1 OTHER DESTINATIONS I 1-.1, i.-J 1 VOT SM I MAKZAMUO MJBIAVBfTUtA jCAIiAO 10 lIQUMUi I INTQfIAAtTA wtiMiim OOQ JAM* 2 SIS 75 17/ M 17/ M 01/07 07/07 07/17 M/ 07 04/07 13/07 CUVIONOUMAT IIMtS It/M I \TJ9 1717 [H/oJ I H/il
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      Page 26 Advertisements Column 2
      88 26 SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS; KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN POUTS Hong Kona 6 Ail China Porta >«v«v rttum m. mum vmmmhj VESStI VOY HP SIN HA HO ETA KOI ETA YOK ETA NOP fTA OSA AU.IGATOI MIRACLE
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      Page 26 Advertisements Column 3
      590 26 Lme« services representee u ®0® Member* of the Registry of jfIHA Singapore Freight Forw*ders \vlKP;y Accredited SNpprng Agents CjUU Association Singapore Shippng Association NORTH WEST EXPRESS LINE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO TO damphr/fremantu (MONTHLY SIRVKi) MV "ARKTIS OCEAN 0 V.9809 ETA SIN 16/08/98 BOOKINGS CAU JUUA/MONKA TIL 333 4374
      590 words
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      Page 27 Advertisements Column 1
      1059 27 TO EUROPE FROM EUROPE VESSfI VOY SIN RTM AW HAM BRV SOU FXT LEH jVESSEL VOY RTM ANR HAM KV SOU FIT UH SM~ NOt MIS 003W 19/06 05/07 07/07 16/07 11/07 HY FEDERAL 3)11 03/04 30/0$ 02/06 17/05 70/06 HY DUKE 312W 22/06 09/07 11/07 M/ 07 01/07 MOSEI
      1,059 words
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      Page 27 Advertisements Column 2
      2231 27 I HANJIN SHIPPING HANJIN SHIPPING (S) PTIITO tap //m tenia com IOOMNG *****35 23/ SAL£S *****24 231 DOCUHfNI *****71 274 OKUnOOS *****41 252 MAIN UK *****55 FAX *****40 CI MO: *****)****** [TO NW USA CANADA USA CANADA* FMVSI/VOY IMMI «N UWHMt/VOT |SU| 11W |KN 1 FBI 101 1 1 m
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      Page 28 Advertisements Column 1
      1457 28 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEDITERBANEANCANADA Vttgl WT SIN LEH lIH HI Ml B» FU Wg VOT SIW JtD MT X HIS HC llffl TRAGI SELENE WOB2S ItM HP lIP 09 07 HP 12.17 CHOYANG PHOENIX WMB2I 11M 21« Hl7 PP MO7ll P lIP PUSAN SENATOR WNB2B 23.8» HP
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      Page 28 Advertisements Column 2
      1324 28 MY MMC YML Internet Web Site http: //www.yml.com.tw AJIX44Hf ik E-mail Addr— cttfip72o.yml.com.tw WEEKLY EVERY thursoay/SUNOAY VESSEL VOY SIN RTM HAM FXT LEH ANR MING NORTH JB24W 21/06 08/07 1(V07 11/07 13/07 MING STAR AB2SW 25/06 17/07 1 5/07 14/07 1 9/07 MING ZENITH JB2SW 28/06 15/07 03/07 04/07 06/07
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      Page 28 Advertisements Column 3
      449 28 EBIE zBS* A Till *****56 FAXi «3«»1J MUARA i LABUAN Vissa VOY ETC ETA VESSB VOT (TO ETA SPORE MUARA SPOKE UN i prospb vi6f/9s 22/ot 25/04 i- nova vim/m 22/04 u/ot APRROORT VI4E/W 24/04 29/04 APRtOORT VI4E/W 24/04 30/06 iPtOSIW VI7I/* 02/07 05/07 J-WOSTB VI7I/W 01/07 04/07 AP»«ORT VI7E/W
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      Page 29 Advertisements Column 1
      1416 29 VESSEL VQY SIN PGU PKO PEW BLW SUR DUB BA BIK IRAN TEYFOURI PJL 1287 08/06 17/06 18/06 IRAN MOBIN PJL 1293 21/06 30/06 01/07 IRAN GHEYAMAT PJL 1292 05/07 14/07 15/07 IRAN MATIN PJL 1297 20/07 29/07 30/07 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN A CIS COUNTRIES
      1,416 words
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      Page 29 Advertisements Column 2
      1526 29 DIRECT SAILING TO SHANGHAI XINGANG I 4 SHENTON WAY TIL *****00 EM: *****01 OWWASD 11/ll V 4205M2 JOHOftE OFFICE: I tOSTAR SNIPPING PTE LTD *17-08 DRS RIDG SAIES/BKGS *****41/43 INWARD DEPT (D/ 0) *****8S COSTIR AGENCIES (HI $BM RHB 9) T/SHP T PEPT tola's mfttwisullTF"f^"lsLiyo fsns, z*» mz»z» ss.. s*
      1,526 words
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      Page 29 Advertisements Column 3
      612 29 i EASTERN CAR UNER, LTD.''™ "Si?" ft-SJ ta (Singapore) ro lto I SPIOAUZI IN RORO t HEAVY LIFT UPTO 122 TOWS ECt (SINGAPOKE) PTE LTO LOADING FOR YANGON/CHITTAGONG JAKARTA/DAMPIER MV "OCEAN SAMPAGUITA" V. 15 MV "TOKYO OUBN- VI ETA SIN 22/06/98 ETA YGN 28/06/98 ETASIN 26/(2/98 FM JTW/OR n*CT°<»/OW» 3./06/W
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      Page 30 Advertisements Column 1
      1218 30 I Mnn— EUROPE/UK/SCAMOINAVIA/FINLAHP/HUSSIA I c nmncHu. ROM AMW HBG THP ztE >-HV LHV THP ROM ANW HBG PKL SGP I I I nei icirr JIM, 19/07 IVI7 11/07 13/07 14/07 15/07 E. GOODS RE 061 26/05 27/05 25/05 29/05 22/08 I oni!un dui hiT 7/8# 17/07 22/07 10/07 20A17 21/07
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      Page 30 Advertisements Column 2
      661 30 BIAM MAC-NtL5 S-PORE M'SIA CMftof! MN COHTH LINES, INC P. GUDANG: (07) *****26 1 IYVV J CWWCiaoorooowi SIBU: (064) *****9 MANILA (632) *****24 sssssass' USA MV "HANJIN VALENCIA" V.003E ETA SIN: 28-6-98 PORT KELANG/PENANC MV "JARU BHUM" V.8369 ETA SIN: 25-6-98 FELIXSTOWE/HAMMIRG/ROTTERDAM~ MV "HANJIN SAVANNAH" V.071W ETA SIN: 26-6-98 ANC
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      Page 30 Advertisements Column 3
      483 30 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL VOT I SIW I PUJ I DQK I CPT I 1/iAT GOLDEW DKAGOX VOOSS 70/04 30/04 04/07 08/07 HANUI WKESS VO77S 27/06 12/07 14/07 mnuouta tons o«/o7 17/07 21/07 "24/07 mT NAWTAi DM6OM VOO7S 14/07 24/07 7t/07 02/08 NAMTAI PMN(E
      483 words
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      Page 31 Advertisements Column 1
      396 31 M MYANMA pBHk FIVE STAR LINE (Myanmar National line) Loading for Yangon (Rangoon) WSSII VOT SIN PKG PEN PGU •AGO 102W SU> MONGLA ISW 23/0* MAUYSU AGENTS: BOUSTEAD SHIPPING AGCNCIES KUL HI 02-03-*****00 PKL HI 02-03-*****01 Pl* Til 02-04-*****02 PGD: TIL 02-07-*****21/4 BANK LINE (A tervi<t of Andrew Wtir Shipping)
      396 words
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      Page 31 Advertisements Column 2
      1281 31 HMMEHYUNDAI MERCHANT MARINE CO., LTD. IVRSa VOY ISM SOU I LEH >TM ANT HAM BtV IB 1 IVtSSM VOYI SOU I LHI I KTM I AWT I HAM I «MV m. IS* I OK S47W 18/06 06/07 11/07 08/07 09/07 OANUK 5381 25/05 130/05 27/05 28/05 18/06 MX MIS 003W
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      Page 31 Advertisements Column 3
      1136 31 norwegon ipeaokzed oufocorren im/ m cu c ©as©s mm mm l/hes r TO NORTH AND LATIN AMERICA "*ORO HEAVYUFT SERVICE" [VKStt vor RAMP HEIGHT SIN I LAX CRL MIA SAV lAI OfiF NYC NEW MO* TARONGA FSI3 400 Tow 6.3 M 30/06 25/07 03/08 06/0* o*/0* 10/0* 11/ OS 12/0S
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      Page 32 Advertisements Column 1
      703 32 BANQKOK/LAEM CHABANO 1 JAKARTA/PAN JANG VESSEL VOY SIN BKK LCH VESSEL VOY SJN JKT PJN MATHU BHUM 368N 20/06 24/06 23/06 OEJA BHUM 752S 20/06 25/06 YANTRA BHUM" 245 M 21/06 24/06 25/06 ANRO GOWA' 038 20/06 24/06 CHANA BHUM 23N 21/06 24/06 ACX JADE# 23S 22/06 25/06 ACX RUBY
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      Page 32 Advertisements Column 2
      516 32 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL *****68 FAX: *****64 TLX: R*****5 SINMER OR No: **********0W Receiving Cargo at PTI Bintulu Muara j VESSEL VOY SIN |TU VtSStL VOY sw MUA I Sena V9BIX 22 23/06 28/04 MJ* WBIOC 70 71/0* 26/06 BBeloit V9809f 0102/07 07/07
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      Page 32 Advertisements Column 3
      646 32 r A /ICCORD A SHIPPING PTE LTD HL *****15 (40 Lin«.) FAX *****30 Ktl tUUtC (03)36/ 1001 tm wl DIRECT ACCESS TEL *****55 (EXPORT BOOKING) HSU GUDANG (07) 3SI 1377 *****34 (EXPORT DOC), *****39 (IMPORT) FtMANG i (04) *****49 URLMTTP://WWW.ACCORD.COM.SG JAUAJtTA (71)640 0770 row ra SIM POKT ETA SIM ROW
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      426 33 INDONESIA NATIONAL LINE TO EUROPE "1 EXPRESS SEMI-CONTAINERISED SERVICE VSL VOY |SPOBC lADAM/BDAM H'IUHG OREMEM ANTWERP A VESSEL ?2/0« 27/ M OMIT 02/01 TO AUSTRALIA FULL CONTAINER SERVICE VS. VOY T7g"s»T FHt IMt SYO MEL HM AO. Iffli An. IVORY V Q3S IMS ftMO 2IM QKT7 OM7 OM7 12*7 API
      426 words
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      Page 33 Advertisements Column 2
      888 33 pacific international lines (ftei ltd^ 140 Cecil Street, #03-00 PIL Building, Singapore *****0. CR NO: **********06 [ires vor m sin «e sro wu M w w nt m m I KOTA PERWIRA PWROO7 23/6 4/7 7/7 11// 17/7 10/7 I tUNGA KENAII *****3 24/4 16/6 3/7 1/7 10/7 11/7 17/7
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      Page 33 Advertisements Column 3
      927 33 J "O" VESSELS VOY J* o LEH HAM THP RTM ZEE VM-LE D'AQUARIUS U26W 23/06 01/07 06/07 12/07 13/07 15/07 15/07 18/07 \rtLLE DE ANTARES L26W 30/06 09/07 13/07 19/07 20/07 22/07 22/07 23/07 VILLE DE VIRGO S26W 07/07 15/07 20/07 26/07 27/07 29/07 29/07 30/07 VILLE DE VELA N26W
      927 words
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      Page 35 Advertisements Column 1
      50 35 STE ili Dial 740-6000 on demandl —MmJ (Retrieve more schedules!) Press "1" Select the port and key in S J W*M the four digit code —eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovative service offered by The document will be SHIPPING TIMES
      50 words
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      Page 37 Advertisements Column 1
      51 37 HUMMihw VaTil STEeffc Dial 740-6000 on d€mand —(Retrieve more schedules!) Press "V CTB Select the port and key in the four digit code eg: To New York (NYC) 2275 SJ&k Key in your fax number your phone number Another Innovative service offered by CT The document Will be ■Shipping times
      51 words
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  • Page 38 Advertisements
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      Page 38 Advertisements Column 1
      862 38 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 UME: *****41/43 JESSICA/CELIA/MEI CHAM 7 SLGS/WEEK 2 SLG/WEEK I VESSEL VOY SIN fjAK [VESSEL VOY SIN PLB SINAR NUSA ~1007 iNPT 20/06 (SAT) TWADIKA
      862 words
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      Page 38 Advertisements Column 2
      615 38 IISR. EN6IEE SHIPPING CO PIE ITD I W 533M75 (4 Umil hi: *****35/*****40 I I t fit*: utmooooot I VESSEL VOY SIN HA SIN ETD DESTINATION BuonoAbodi 10/98 19/06 21/06 Pemworg/Buoton/B Papon DwiDayo 10/98 19/06 20/06 Perawong/P Baru/Bualon Morco Polo 24 10/98 20/06 21/06 Jokcrm Morco Polo 26 14/98 21/06
      615 words
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      Page 38 Advertisements Column 3
      464 38 SIN FAR EAST 21/06 KEELUNG/KAOHSIUNG 21/06 BANGKOK 22/06 MANILA/CEBU 21/06 JAKARTA/BELAWAN/SURABAYA 21/06 PORT KELANG/PENANG/E. MALAYSIA 24/06 BUSAN 21/06 TOKYO/YOKO/KOPE/NGO/OSA 21/06 HONG KONG SIN CHINA 21/06 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIN EUROPE/UK 21/06 LDN/FLX/LVP/SOU RDM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SIN USA/CANADA 21/06 LOS ANGELES/NEW YORK all IPI points
      464 words
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      Page 38 Advertisements Column 4
      405 38 Irfr* Singapore Soviet Stttping |NttCo. Pte.Ltd. W CR MO: **********0H VESSEL VOY SIN BOM PNG PKL KOTA RUKUN RKNOOS 21/06 29/06 10/07 12/07 KOTA RATU RTUOI3 28/06 06/07 17/07 19/07 SEA SUCCESS 1 115N 04/07 12/07 24/07 26/07 KOTA RUKUN RKNOO7 13/07 21/07 02/06 04/08 For Booking (Calcutta) Tel: *****45/46/47
      405 words
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      Page 39 Advertisements Column 1
      990 39 ASU MEDITERRANEAN EXPRESS AME) WESTBOUND SERVICE -V|SSgL_ VOY SIN CMB PIR ILA SPtZIA I VIC 1 LEH 1 ANR 1 FXT a 23JUN Q1 M Q3 JUL QM. QMII Q9_M 1Q JUL MSC MONICA 9824-3 26 JUN 01 JUL 10 JUL 13 JUL OMIT OMIT 20 JUL 21 JUL MSC
      990 words
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      Page 39 Advertisements Column 2
      1761 39 ISfs(WTHAMPTON 01WA24 1816 0417 0617 0717 lU>7 mm,, SSL "**^l I NYK SMRHJS 02WA25 25.04 11.07 110/ 14.07 1107 21! 1222 m* ££2 J" 5 VM 72.0* 23.06 26.06 25.06 |NYKANTARES 05WA26 02.07 1107 2107 2117 2107 !!!5 ff?* o"®*0"®* 3U M o, 02.06 0106 2106 29.06 30.06 0107 01.07
      1,761 words
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      Page 40 Advertisements Column 1
      624 40 I VESSEL VOY SIN MAA SIN CAPE NORMAN 98/04 A 19-19/06 23 30/06 06-05/07 TIGER BAY 631N 21 22*06 27 03/07 07 06/07 TIGER ISLAND 632N 24 25/06 30 0607 111Z07 TIGER BRIDGE 633N 01 02/07 07 11/07 16-17/07 TIGER WAVE 634N 03 04/07 09 13/07 18-19/07 TIGER BAY 635N
      624 words
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      Page 40 Advertisements Column 2
      847 40 I FREIGHT LINKS EXPRESS g 62 Toh Guan Road, Singapore *****1 Tel *****66 (60 Lines) Fax: *****33 E-mail flesin@singnet.com.sg CONSOLIDATION SERVICE TO THE FOLLOWING PORTS SHANGHAI (SHA), LAEM CHABANG (LCB), ALEXANDRIA (ALY), IZMAR (IZM) A GUAM (GUM) VESSEL ETD SIN ETA VAN ETA BCN ETA VLC ETA GOA ETA GUM
      847 words
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      Page 40 Advertisements Column 3
      1092 40 OOCI (Singapore) Pte Ltd CFS Keppel Distrpk 79 A«on Rood #21-04 (5) *****6 Mk 513 *01-128 rfa CR HO **********0H W: 272 7827 For booking W: *****13 Fax 221 3942 fu: 272 7825 -/Bwll OOCL (Malaysia) Sdn. Bhd. 1 en^ PCTAIIMG JAW W: 03-756 776 f«x:o3-7565 342 ca tt 1269
      1,092 words
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  • Page 41 Miscellaneous
    • Miscellaneous
      Page 41 Miscellaneous Column 1
      129 41 LIOIND: R Thondor»torm Tomporoturo *q X\ V Shower Weother Wind direction with tpeed in knot* Rom Cloudy Sky Wove height Surface wind* or* indicated by orrowt which Hy with th« wind on fU C rC,# r#pr#t#nU ealm 0f -onobio wind* One hott Heche r.pre.ont* 5 knot* w M ft Ch#
      129 words
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