The Business Times, 1 July 1998

Microfilm: NL21203
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    11 1 TheBusjnessTimes MITA (P) 110/12/97 85c SINGAPORE Internet: http://www.asia!.com.sg/biztimes WEDNESDAY, JULY 1,1998
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  • Article
    MARKET SUMMARY
    59 1 fflr* PwiU?(+2.s7) Rnromp ifIMUS (-1.64) fIBTMOA ■J 573L2K+0.36) QMABKETMOOD: nsbMi STOCK HASKET INDICES Tuesday Change KLBE OOMP .466.64 *4*7 NIKKEI lW»i7_44«4A4 HANG SENG 8*4110 +8U9 SET INDEX 267.33 -31.87 JAKARTA OOMP _44U1 14.69 MANILA COUP TAIPEI WPI 7JM&81 +1198 SEOUL OOMP 197.88 *71 CLSA CHINA B 78BJ6 -118
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  • Article
    FINANCE
    71 1 FOmiiXB ust st 1.696 f(US8/St|»rS) 1.669 1830 DM 1-806 0.959 YEN 139.8 lJir IM 4.140 0.410 7.749 6119 BAHT 4210 0.040 HJPIAH I4£00 IMl* •SSto ltOunUi FUME IATES SINGAPORE* 7.88 KUALA LUMPUR 11.60 JAKARTA 28.00 BANGKOK 14.75 MANILA 2190 HONGKONG 10.25 TAIPEI UC SYDNEY £46 TOKYO j.0) SEOUL 14
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  • Article
    $60b wiped off SES market cap in first half
    834 1  -  Sing Tel loses top spot to Daimler; Big Four banks' market value down 21-43% By Wong Wei Kong [SINGAPORE] Nearly $60 billion was wiped clean from the market value of Singapore listed companies in the first half of this year, with
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  • Article
    Dr Hu would like properly prices to ease gradually
    179 1 [SINGAPORE] Finance Minister Richard Hu said on Monday that he would like to see property prices ease gradually. In a televised panel discussion on Monday evening just hours after he announced several off-budget measures to stabilise the property sector, Dr Hu
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  • Article
    Robust demand for Japanese yen hikes up Asian currencies
    220 1  -  Byl Larry Wee [SINGAPORE] Strong demand for the Japanese yen allowed Asian currencies to end on a much better note yesterday. Traders said that a second day of profit-taking sales on long US dollar positions accumulated last week against the yen
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  • Article, Illustration
    Lock icon Ex-M'sian DPM and son declared bankrupt
    174 1 Bernama [KUALA LUMPUR] Former Malaysian deputy prime minister Abdul Ghafar Baba and his son Mohd Tamrin have been declared bankrupt by the High Court here for failing to settle a debt of two million Malaysian ringgit (S$818,000) they owed businessman Choong Kok Min. Mr
    Bernama  -  174 words
  • Article
    Aokam says it is insolvent, undergoes financial revamp
    773 1  -  Company misses interest payment on USsl3sm bonds From. Eddie Toh in Kuala Lumpur AOKAM Perdana Bhd the Malaysian timber company once controlled by maverick businessman Teh Soon Seng has been declared insolvent, bringing to an end the brief chapter of a high-flying
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      118 1 wbuiE HK«Mj«ar after the handover We review this great experiment in political and economic accommodation one year after it was started, Pf 7-10 Mwwy Matters With US currency markets thinning out for Friday's holiday, the wrong signals from Tokyo could trigger another roller coaster ride, I*4 fIL. I I Taken
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      5 1 Asian currencies backtrack, Pg 4
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      92 1 Complete SES ranking by market cap, Pg 23 I SUBSCRIBE I I SOUND I I MONETARY I I POLICY. I I REVIEW I gßgg In these volatile times, a subscription to the Far Eastern Economic Review is a capital idea. Now more than ever, you need the unmatched analysis and
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Skills mismatch a real danger, says Lee Boon Yang
      421 2  -  PARLIAMENT Jobs lost mainly low skilled, new jobs tend to be higher value-added, he says By. Audrey Tan CONCERNS over rising retrenchment rates surfaced in parliament again yesterday, as MPs asked if Singaporean workers have the right skills for new jobs
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    • Article
      12,600 applicants in queue for executive flats
      213 2 THERE are 12,600 applicants registered in the queue for executive flats as at May 31, 1998. This was disclosed by Minister of National Development Lim Hng Kiang yesterday in reply to questions raised by Nominated Member of Parliament Tay Beng Chuan. Mr Lim
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    • Article
      Off-budget measures thin, say electronics firms
      390 2  -  By Annette Pau LOCAL electronics manufacturers are unimpressed with the government's $2 billion off-budget measures to cut business costs and boost the economy, describing the package as thin and "not nearly enough for the longhaul". The measures leaned towards the property and financial sectors,
      390 words
    • Article, Illustration
      Lock icon M'sia train to be checked at Woodlands
      254 2 WHEN Singapore moves its Customs, Immigration and Quarantine (CIQ) clearance facilities from Tanjong Pagar railway station to a new checkpoint at Woodlands on Aug 1, it will no longer be a through train ride for passengers travelling to Malaysia. Instead, after boarding the
      ARTHUR LEE  -  254 words
    • Article
      Intel retrenches 21 sales, marketing staff in Asia-Pac
      270 2  -  By, Jennifer Lien MICROPROCESSOR giant Intel Corp has retrenched 21 sales and marketing staff in the Asia Pacific as part of its effort to reduce 3,000 jobs worldwide. In Singapore, five employees are believed to have been given termination notices last week.
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    • Article
      New re-organised TAS from today
      208 2 THE Telecommunication Authority of Singapore (TAS) adopts a new organisation structure from today which separates policy formulation from implementation, and emphasises the developmental role, it said yesterday. TAS was previously organised into four directorates: policy, engineering, multimedia and corporate services. From today, policy formulation and
      208 words
    • Article
      Compaq to lay off about 400 workers
      358 2  -  Digital's Ang Mo Kio plant to be merged into Tishnn plant By- Annette Pau COMPAQ Computers which has acquired Digital Equipment Corp will lay off some 400 workers, or 12 per cent of its workforce, from its Singapore operations in the next three
      358 words
    • Article, Illustration
      Lock icon April F&B revenue down 21%
      273 2  -  EYE ON THE ECONOMY Commerce By i Carol Eng r IN its worst monthly fall in recent years, food and beverage revenue plunged 20.8 per cent in April compared to the same month in 1997. This follows the 15.7 per cent slump in March, and
      Source: SIB  -  273 words
    • Article
      JTC, HDB rebates yield $306m in rent savings
      356 2  -  Prices of some JTC factories cot; private market may follow By Diana Oon THE latest round of rental cuts and rebates by Jurong Town Corporation and the Housing and Development Board will produce rent savings of $306 million for some 30,000 tenant-firms
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    • Article
      Take govt cue in wage restraint: SNEF
      272 2 THE Singapore National Employers Federation (SNEF) has asked employers to use the move to freeze and cut pay in the government as a guide in implementing wage restraint this year. In a letter sent to the chief executive officers of 1,620 companies, SNEF
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    • NEWSRoundup
      • Article
        Former army chief is new LTA head
        57 2 MAJOR-GENERAL Han Eng Juan, who stepped down as Chief of Army yesterday, will be posted to the Land Transport Authority from today as chief executive (designate). Msj-Gen Han replaces Liew Heng San, who will relinquish his appointment as LTA's chief executive and return
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      • Article
        CPF Medisave top-up for those above 64
        84 2 THE Central Provident Fund announced yesterday that the government will grant a fourth Medisave top-up to Singaporeans above the age of 64 as at April 1,1998, if they contribute $20 to their Medisave accounts between now and Dec 31. The government will credit
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      • Article
        New tenants at S'pore's Viet park
        45 2 SINGAPORE'S flagship Industrial park venture in Vietnam, the Vietnam Singapore industrial Park, has attracted four new tenants so far this year. There are now 27 manufacturing tenants with an accumulated Investment of US$37O million (***** million) in the park.
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      • Article
        Importance of helping old, infirm
        76 2 HELPING the elderly and the handicapped are some of the courteous acts which Singaporeans here deem the most important Among the acts seen as the most undesirable are jumping bus or MRT queues. These findings come from a survey by Forbes Research and commissioned by
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      • Article
        Kwek Leng Joo re-elected SFCCI chief
        69 2 KWEK Leng Joo of the Hong Leong Group was unanimously re-elected president of the Singapore Federation of Chambers of Commerce and Industry (SFCCI) at its 20th annual general meeting yesterday. The SFCCI said that Mr Kwek's re-election "is to ensure the continuity of the
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    • Article
      Corrections and clarifications
      88 2 IN our June 29 report "Internet firm Sing Net to turn in a profit for first time", mention was made of Sing Net's Lite Surf plan under which users pay $3.50 per month and traffic access of five cents per minute for Internet access not exceeding two
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    • Article, Illustration
      Lock icon S'pore won't see high growth for 5 yrs: BG Lee
      592 3  -  Region's recovery depends on how Jakarta deals with its problems By' Ven Sreenivasan THE Singapore economy will not see a return to high growth rates for about five years as the badly battered regional economies limp along during the period,
      FILE PHOTO  -  592 words
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      205 3 •i vi v; a. "Vi j-r- iv»" i- -v v«ifaigrgri(i^- vjt* No disrespect to Messrs Lennori McCartney. But if the C-Class had been on the scene back in the early 60s, even they might have decided it was possible to purcnase your heart s des're. After all, who could resist
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  • FOCUS: MONEY MATTERS
    • Article, Illustration
      Lock icon Asian currencies backtrack
      1084 4  -  Japan's unveiling tomorrow of measures to clean up the banks is crucial; any wrong signals could lead to another round of roller-coaster rides By Larry Wee Another ding-dong week, with the Japanese yen backtracking again to lead Asian currencies lower in the second half of last week.
      Source: Deutsche Morgan Grentell  -  1,084 words
    • Article, Illustration
      Lock icon Rand falls prey to Asian crisis
      475 4  -  US$ surges 12.7% against S African unit since May From Neil Behrmann The writer is BT's London correspondent in London THE South African rand has buckled sharply under the weight of the Asian and Russian crises, with market talk that both the Bank of
      Source: Bloomberg  -  475 words
    • Article
      ANALYSIS
      363 4 Chinese unemployment: causes and consequences [SINGAPORE] With an estimated 150 million people in China now out of work, unemployment has become a problem too big to ignore and that looks set to worsen. With a potential unemployment rate of 17 to 20 per cent, the big issue will undoubtedly
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    • Article
      Lock icon THE WEEK AHEAD
      373 4  -  Compiled by Larry Wee Sources: ABN Amro (ABN), Deutsche Bank (DB), Independent Economic Analysis Holdings (IDEA) and MMS International United States Today: The National Association of Purchasing Managers' June report today is expected by most to show a steady (MMS) to stronger reading of up to 52.5
      Sources: ABN Amro (ABN), Deutsche Bank (DB), Independent Economic Analysis Holdings (IDEA) and MMS International  -  373 words
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      10 4 This is an authorised extract from IDEA's daily client faxes.
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      433 4 il ffnrtfrlK Of [(MfP'jCL 7-10 JULY 1998 /y/yn/v HALLS 3, 3A, 4 5 6 WORLD TRADE CENTRE SINGAPORE O/M (MS HALL 601, SINGAPORE INTERNATIONAL CONVENTION A EXHIBITION CENTRE Spearheading this largest event of its kind is PUMPS SYSTEMS ASIA W 98, the largest pumps and related systems show in Asia.
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      278 5 Frequent travellers know that staying In touch is essential In the j business world. Let's face It. Making a secure connection to your i J Date: 3 July 1998 (Friday) office network can be a nightmare, not to mention the enormous i v n suntec city Room 208 Time: 1.30pm
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  • MARKETS IN TURMOIL
    • Article
      Lock icon China to cut bank lending rates again to stoke growth
      498 6 Hove comes as the economy heads for its slowest growth since 1990 Bloomberg [BEIJING] China will cut bank lending rates for a third time since October in a bid to bolster sagging economic growth, state television reported yesterday. The government
      Bloomberg  -  498 words
    • Article
      Lock icon Japan unlikely to drag world down: Rubin
      301 6 AFP [BANGKOK] US Treasury chief Robert Rubin said here yesterday Japan's recession posed serious problems for the world economy but the chances of "global contagion" were low. Responding to reporters' questions about the likely knock-on effect of Tokyo's banking and currency crises, Mr
      AFP  -  301 words
    • Article
      Tokyo stocks soar 3% on optimism over govt plan
      612 6  -  Market takes cue from PM's call for a 'bridge bank' system Frorn, Anthony Rowley in Tokyo MOUNTING expectations that Japan will tomorrow announce meaningful steps to deal with its banking crisis pushed Tokyo stock prices sharply higher yesterday, and also saw
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    • Article
      M'sian banks set to cut lending rates: Anwar
      561 6  -  Cat in SRS aimed at smaller spread and lower rates, he says From. Ruth Wong in Kuala Lumpur MALAYSIAN banks are poised to lower their effective lending rates with the two percentage point cut in statutory reserve requirement (SRR) of financial institutions
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    • Article, Illustration
      Lock icon Work's a draining affair
      53 6 [JAKARTA] Indonesian day labourers, earning less than USSI (SSI. 70) a day, working on a drainage ditch outside an apartment block in Jakarta yesterday as the government debates raising the basic wage to cope with soaring inflation which has reached 56per cent in the first halfof
      AFP  -  53 words
    • Article
      'London approach' for Thai debt body
      481 6  -  From Hariah Mehta in Bangkok THAILAND'S new debt restructuring body that aims to reschedule an estimated US$3O billion (5550.9 billion) in short-term corporate debt will adopt a gentle "London approach" to restructuring, Bank of Thailand officials said. Fearing that the economy could collapse under
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    • Article
      Anwar welcomes Daim appointment as good for M'sia
      330 6  -  Prom Eddie Toh in Kuala Lumpur MALAYSIA'S Finance Minister Anwar Ibrahim yesterday welcomed the appointment of Daim Zainuddin as Special Functions Minister to help implement economic matters despite incessant talk that his wings have been clipped. "I don't see the need to
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      83 6 PORTABILITY DOES MATTER you RE fACINQ A bOARdROOM AudiENCE OR bAck pAckiNQ AN AiRpORT, you won't REqRET pickiNQ Tk VP 800." M. DAvid Stone, ZD Net VP 800,MVP 800 LkJITWARE PROjECTORS TAkE WORRiES OUT of TRAVEI foR OUR STAff, ANd MAkE lookiNq qood look EAsy to our cIiENTs. Gary OTTEitpokl,
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      7 6 Not a timefor experiments, Editorial, Pg 15
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  • HONGKONG'S RETURN: ONE YEAR AFTER
    • Article, Illustration
      Lock icon UK at ease with Chinese rule
      1184 7  -  Chinese institutions keep a low profile, while HK people look to China for protection and as an economic safety valve Prom Loh Hui Yin in Hongkong RAYMOND Ch'ien thought he might be invited for lunch by the Chinese Foreign Ministry office here but so
      FILE PHOTO  -  1,184 words
    • Article, Illustration
      Leaders air their views
      822 7 David Chu Legislator, property developer and adventurist who threw a party recently to celebrate the Ist anniversary with a cake which said "Fortune The Death of Hongkong": Clearly, those pessimistic and morbid predictions (about Hongkong's future) have been way off track. After July 1, demonstrations, including
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    • Article, Illustration
      Lock icon Taking off in a slump
      1004 9  -  After a bitter row, costly delay, HK's new airport opens tomorrow Reports from Loh Hui Yin in Hongkong ITS beginnings were mired in a bitter diplomatic controversy and now that it is ready for business, Chek Lap Kok airport is headed for a bumpy talie-off.
      FILE PHOTO  -  1,004 words
    • Article
      S'pore touch at Chek Lap Kok
      505 9 PASSENGERS using Chek Lap Kok airport will find some touches of Singapore their luggage will be handled by a consortium that Is ma-jority-owned by Singapore firms, a 24-hour clinic operated by Raffles Medical Group and Jet fUel supplied by Singapore Petroleum. Taking care of
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    • Article, Illustration
      Lock icon Tall stories, gullible investors
      1158 10  -  Red chips were hot as analysts, brokers inflated their worth, bnt the frenzy has since cooled off hYorn Ray Heath The writer is special projects editor of the South China Morning Post in Hongkong WHEN Hongkong reverted to Chinese rule on July 1,1997, red chips were
      FILE PHOTO  -  1,158 words
    • Article, Illustration
      Finding its niche in a big country
      669 10  -  By Steven Vines This is an extract from the writer's upcoming book 'Hongkong: China's New Colony' to be published in September by Aurum Press THE crux of the economic relationship between Hongkong and China is the role of the Special Administrative Region (SAR)
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      203 7 US$l,000 t 00<M)00 Caisse Centrale du Credit Immobilier de France 3CIF Floating Rate Notes due 2004 For the period from June 30, 1998 to September 30, 1998, the Notes will carry an interest rate of 5.7375* per annum with an interest amount of U*****.63 per US$lO,OOO Note and of U551,466.25
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      21 7 •Tung Centre •Parkway Parade •A-Z Building •Paya Lebar Road For details, please contact owner: Tel: 437 6853 437 6872 534 3132
      21 words
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      160 8 Cardinal Purple. When colours really matter, the A 936 is infallible. Make no mistake after seeing the rich, consistent colour prints produced by the And it does so at a speedy nine copies per minute, delivering razor-sharp, Fuji Xerox A 936, you'll never be led astray by another brand. 400
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      99 10 Emirates' Business Class. Better leg rest, head rest and eye rest. (A class above the rest.) There s more space in Kmirates' Business Class in which you can relax. Our Boeing 777s boast one of the most luxurious seats in the sky. Oh, and don t forget the rest: the
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  • REGION
    • Article, Illustration
      Lock icon Estrada sworn in as president, vows to focus on helping poor
      494 11  -  He also pledges to stamp out crime, 'big and small, Armani or no money' From. AL Labita in Manila PRESIDENT Joseph Estrada yesterday assumed the top office in the Philippines vowing to promote a pro-poor economy and saying progress
      AFP  -  494 words
    • Article
      President Ong congratulates Estrada
      93 11 SINGAPORE PRESIDENT Ong Teng Cheong has warmly congratulated Philippine President Joseph Estrada who took office yesterday. "Your administration begins in the year that the Philippines celebrates its 100 th anniversary of independence and at the threshold of the 21st century. I am confident that under your
      93 words
    • Article, Illustration
      Lock icon Jiang in HK for anniversary bash
      616 11  -  But the economic slump is clouding the celebrations From] Loh Hui Yin in Hongkong CHINESE President Jiang Zemin, fresh from a successful summit with US President Bill Clinton in Beijing, arrived in the Special Administrative Region yesterday to attend celebrations marking Hongkong's first anniversary
      REUTERS  -  616 words
    • Article
      Lock icon KL faults S'pore conference organiser
      136 11 KUALA LUMPUR Bridge News MALAYSIA'S Minister for Culture, Arts and Tourism, Sabbaruddin Chik, yesterday hit out at a conference organiser in Singapore for omitting Malaysia from the list of countries to be visited by participants after the conference, national news agency Bernama reported. The conference,
      Bridge News  -  136 words
    • Article
      Lock icon Jakarta to sell rice at low price to the needy
      214 11 JAKARTA Oana-Antara INDONESIA will today launch a special operation to sell rice to the needy at only 1,000 rupiah (11.4 Singapore cents) per kg. "The operation will run until March next year and under it, every needy family is entitled
      Oana-Antara  -  214 words
    • Article
      Lock icon Habibie expels 41 members of MPR assembly
      369 11 JAKARTA Move to purge body of corruption, says deputy chairman AFP Reuters INDONESIAN President B J Habibie expelled 41 members of the People's Consultative Assembly (MPR), yesterday in the wake of further rioting on one of the country's eastern islands. The mass expulsion
      AFP; Reuters  -  369 words
    • Article, Illustration
      Lock icon Clinton reaffirms US commitment to 'one China' policy
      639 12 CLINTON'S VISIT TO CHINA This is the first time Clinton has stated such commitment explicitly Reuters [SHANGHAI] In a move felt on both sides of the Taiwan Strait, President Bill Clinton yesterday reaffirmed a US commitment to one China ruled from Beijing
      Reuters; AFP  -  639 words
    • Article
      Taiwan chip makers cut back on investments
      498 12  -  From, Laurence Eyton in Taipei AT A press conference on June 3, Morris Chang, chairman of Taiwan Semiconductor Manufacturing Corp (TSMC), said he saw "no dark cloud ahead" for the development of Taiwan's semiconductor industry. Now, Mr Chang has been forced to eat
      498 words
    • Article
      Lock icon Former HK editor gets jail for criminal contempt
      181 12 HONGKONG AFP A FORMER editor of a leading Hongkong newspaper was sentenced to four months in jail yesterday after being convicted of criminal contempt for waging a war against the judiciary. Former chief editor of the Oriental Daily News, Wong Yeung-ng, was
      AFP  -  181 words
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      849 11 Nationsßank Head Office: Charlotte, North Carolina *****, USA Singapore Branch: 80 Raffles Place, #30-20, UOB Plaza 2, Singapore *****4 CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF INCOME (US Dollar* in Millions) (US Dollars in Millions Except December 31 Per-Shere Information) 1997 1996 Year Ended December 31 Asseis 1997 1996 Cash and
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      785 12 FROM THE INVENTORS OF JAVA 1 TECHNOLOGY... At Sun, we're very much on the leading edge of technology. We created Java, the platform that drives the Internet and Java Computing today. Sun's newest Enterprise Workgroup Servers and Workstations Free J a Designer Pac SUN Ultra 5 Developer Pac Creator Pac
      785 words
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      265 12 I 9 AMARA HOLDINGS LIMITHD NOTICE IS HEREBY GIVEN thai at the conclusion of the Annual General Meeting held on 23 June 1996 shareholders have approved the proposed first and final dividend 012% per share less 26% Singapore tax Accordingly, the Transfer Books and Register of Members of the Company
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  • REGION/WORLD
    • Article
      Lock icon US consumer confidence at new 30-year high
      525 13 NEW YORK Strong domestic demand bnt Asian crisis also taking larger toll on US growth: economist Bloomberg US consumer confidence rose to its highest level in three decades in June, suggesting strong spending in the months ahead will help cushion an ever-worsening outlook
      Bloomberg  -  525 words
    • Article
      Lock icon US mergers, acquisitions in 1st half top whole of 1997's
      419 13 LONDON FT THE value of mergers and acquisitions (M&A) in the US so far this year has exceeded that for the whole of 1997. In a report scheduled to be published yesterday Securities Data (SD), the M&A data consultancy, says
      FT  -  419 words
    • Article, Illustration
      Lock icon Hanson's secretary resigns over adviser's influence
      394 13 SYDNEY AFP THE stunning rise of Pauline Hanson's One Nation Party was stalled yesterday by the resignation of her private secretary amid claims the party has been hijacked by her political adviser. Barbara Hazelton quit in protest against what she called the dominating and
      AFP  -  394 words
    • Article
      Hyundai Motor layoff plan sparks strike
      495 13  -  30,000 down tools after firm tells govt it's sacking 4,800 fiYwn Jennifer Veale in Seoul SOUTH Korean auto giant Hyundai Motor became the first of the nation's top conglomerates to press ahead with layoffs at its factories yesterday, sparking a nationwide strike by employees.
      495 words
    • Article, Illustration
      Lock icon Kohl: Euro stands good chance of rivalling US$ as global unit
      420 13 FRANKFURT European Central Bank chief appeals for political snpport Bloomberg EUROPE'S single currency has a "good chance" of rivalling the US dollar as a global reserve currency, German Chancellor Helmut Kohl said at a ceremony marking the start of
      Bloomberg; REUTERS  -  420 words
    • Article
      Lock icon Australian trade gap little changed in May
      329 13 SYDNEY Data may mean current account deficit nnder control Bloomberg AUSTRALIA'S trade deficit was little changed in May from April and a smaller-than-expected fall in exports, along with a decline in imports, hinted that the current account deficit might not widen further, analysts
      Bloomberg  -  329 words
    • Article
      Lock icon US warplane fires missile at Iraqi radar site
      346 13 WASHINGTON Reuters A US F-16 warplane fired a missile at a radar site in southern Iraq yesterday after Iraqi radar locked onto allied jets flying a routine mission over the Iraqi no-fly zone, US military officials said. The incident followed a period
      Reuters  -  346 words
    • Article
      Lock icon Speedy okay expected for laws to contain Russian crisis
      418 13 U MOSCOW Reuters AFP RUSSIA'S Finance Minister Mikhail Zadornov yesterday said he was optimistic that parliament would quickly approve a string of laws which form the nucleus of a government plan for dealing with a financial crisis. "I think that all
      Reuters; AFP  -  418 words
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  • WORLD CUP 98
    • Article, Illustration
      Lock icon Croatia goes through to the quarter-finals
      397 14 A twice-taken penalty puts Croats 1-0 ahead of Romania Reuters A TWICE-TAKEN penalty by Davor Suker seconds before half-time gave Croatia a 1-0 victory over Romania in their World Cup second round game yesterday in Bordeaux. Croatia will meet Germany in the quarter-finals on
      Reuters; REUTERS  -  397 words
    • Article
      Lock icon Dutch feel luck was deserved
      305 14 Missed Yugoslav penalty gives Holland 2-1 win Reuters [TOULOUSE] The Dutch World Cup squad returned to the Cote d'Azur yesterday believing they were worthy of their 2-1 win over Yugoslavia, but aware of the key role Lady Luck had played. The Dutch qualified for the
      Reuters  -  305 words
    • Article, Illustration
      Lock icon Clinton heartbroken by US loss to Iran in World Cup
      173 14 Reuters [SHANGHAI] US President Bill Clinton confessed he was heartbroken by the American soccer team's loss to Iran in the World Cup, but told a Shanghai radio talk-show yesterday: "We were beaten fair and square." "You know, the United States
      Reuters; REUTERS  -  173 words
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      262 14 t LJiftk; rJ/Y^ i A Jff' f* iifii h_l ij> -*x 4\.livlf »<y4v > **s^l W^Mgm II a rJKto— > -^j£! l >Pnbf^vßHßQ9 WSPI A w- EBT .9 JtrJ* \->• -.7 p** ~^*3§©lMf ..,IKJ3CTi |W i#r w>-rt <OSSP ■UftOMi A HOTHOUtI OP GROWTH. •HAM IN IT WITH •GHRODBRS. Europe is
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  • EDITORIAL & OPINION
    • Article, Illustration
      US sanctions against half the world
      758 15  -  THE BOTTOM LINE OPINION By Leon Hadar The writer isßT's Washington correspondent IF one were to prepare a list of the victims of the 30-year US economic embargo against Cuba, heading it would be the poor residents of that island who are denied access
      758 words
    • Article
      IN OTHER WORDS
      96 15 The only two things that are record highs this year are unemployment and rainfall.' James Osborn head of sales for Baring Securities in Hongkong, on the downward spiral of the Hang Seng index. Historically, looking good has always been important. Now it's an obsession. If people look
      96 words
    • Article
      Not a time for experiments
      661 15 EDITORIAL UNDER a revision to the agreement with the IMF, Thailand will be allowed to gradually reduce interest rates and boost liquidity in its financial sector. To do this, Thailand will get an actional US$BOO million (551.36 billion), bringing its total IMF borrowing to more
      661 words
    • Article, Illustration
      Asia risks 'dumbsizing"
      815 15  -  Firms frantically axing workers to cnt costs also lose valuable know-how and experience By: Neil Behrmann The writer is BT's London correspondent ASIAN companies are frantically downsizing to slash costs, but in doing so, they are losing invaluable know-how. Western companies which have downsized for more than
      815 words
    • Article
      WHAT THE OTHERS SAY
      491 15 Netanyahu's negative diktat (W)HAT you have, for the moment, is a negative equilibrium. But its stability is an illusion, because it is not built on any positive understandings, but rather on problems not solved, promises not kept, decisions not taken and anger not vented... Israeli Prime
      491 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      104 15 Do Asia's new economic policies mean things have to get H worse before they get better? Watch the definitive TV guide H H that not only provides in-depth analyses of the economic H H turmoil but also offers possible solutions. H H I Asia in Crisis. Every Friday. 8 pm.
      104 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Out of the woods, the moon
      793 16  -  Lunar representations appear in Hasegawa Yuichi's new woodblock series, writes parvathi x marayam PARVATHI N NARAYAN AMIDST the snow and persimmon trees of Aizu-Wakamatsu in Japan, lived a master woodblock artist and a young man who was determined to become a master of the
      ARTHUR LEE  -  793 words
    • Article
      Chng, Vann top UOB painting contest again
      794 16  -  Bank hopes to motivate artists in its Painting of the Tear competition By'. Parvathi N Narayan CHNG Chin Kang, 35, part-time lecturer at the Nanyang Academy of Fine Arts, and Antonia May Vann, 8, student, are linked by an unusual coincidence. Remarkably, these
      794 words
    • Article
      Merging of reality and illusion
      728 16  -  Streams of consciousness come alive with 4D art' By. Parvathi N Narayan [SINGAPORE] Sneak verbal previews had promised that in the performance of Grand Hotel of Strangers reality and illusion would merge. Not knowing if that was PR jargon or fact, there was a feeling
      728 words
    • Article, Illustration
      Golf club prices continue to fall
      378 16  -  With layoffs rising, few people willing to pay for memberships By Yen Sreenivasan THE advertised prices for golf club memberships continued to slide last month as the impact of the year-long financial turmoil began to take an effect on the working man's psyche. With
      378 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      66 16 DOONESBURY By Garry Trudeau Ci* UJRQNG! 17i&\ NO«J IF THE ACTIVIST RJ6HT 'pETURNTO 6 M SEp I Vm 7745 CLIMTDNTWy PONT UJANT W LOOK.THG THE AMERICAN PEOPLE TO THEIR CAMPAIGN FINANCE W SIR, HAVE I ABOUT LAW- HNPOUT HOU/fHEY RAISEP XHSMBej(jeRB 9CANPAL- R YOU F/N&HBPri THE CHEAP f| Lw, BREAKING,
      66 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      276 17 Where to wine, dine and entertain... "t SSS& "w t* Mfp^l kttp:// www. ana-kotels .com Not just seafood either. Visit our Kome page and you can order tonight s dinner from our cyter selection. Browse through the menu, leave us your order and it'll be ready to pick up before
      276 words
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      Page 17 Advertisements Column 2
      105 17 CHINA CHINA RESORT RESTAURANT Superbowl Golf Country Qub, 6 Marina Mall Tel: 226 0118/ 322 4228 Fax: 226 1390 (open to public/free parking) URL: http://www chinchina.com.sg Lunch 11.30 am to 2pm mm js— Buffet Lunch High Tea Mon to Frt Sat. Sun Pub Holiday Adult: $13.80- (12.00pm to 5.00pm) Child:
      105 words
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      Page 17 Advertisements Column 3
      82 17 IiIASH I I] I CITY THAI SHARKSFIN RESTAURANT 1 j||L If &ehPo» jLxj M $19.80+++ ifc. t >l 4 JK 1J For Dining In V I Only. %flfl I'lll mm\ fUr 1 EXQUISITE I grtiuA £64trk'i&hi I Don t Miss It\ VaM Parturtg Avalabto I For reservations, cail 223 1655
      82 words
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      Page 17 Advertisements Column 4
      157 17 Buy It. Sell It. Find It. Classified. CAT&I Call Today For Results Tomorrow. 1800-737-1166 THE IMPERIAL PROMOTIOTT Bllnmbience of Cup lour specially creafld »vetty From appetizers* main course to desserts, we've gotitall in the name of the game! Alsogel lucky wHh g»a» prize* for 915 spent. HBBBB SUBBSSB SnflFble from
      157 words
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      Page 17 Advertisements Column 5
      162 17 I Savour Revolv^i cuisine with Jgg| Sous Chef MEKL Manfred Grossman at Top of the Revolving tff Restaurant. Reservations 831-6258/88 WKKKK^KNBHHm Mandarin Singapore 333 Orchard Road. Singapore *****7 Tel *****11 BBBSSB I W** H*o Chinese Resf<*ur<**f's July <Soi**v\ef Double lif -31 if JcJy, K«if«r CWef Ye y>'i«*ji you Roift* Loblfer
      162 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      789 17 TV&RADIO Premiere 12 6.00 News 5 Today followed 3.00 Below The Lion Rock. dmtui by Wheel of Fortune. 3.50 Takeshi's Castle. 1 11 400 Fntir Ku. 630 The Pyramid Game. 4.40 Dream of the Three fTTH P■ 1 U Wines Ovpt THp 7,00 News 5At Seven Kingdoms. Mjla El World
      789 words
    • Miscellaneous
      Page 17 Miscellaneous Column 2
      157 17 CRYPTIC CROSSWORD down < te L,l -nfl l > 1 Keep asking family for gourd in the neck (7) YESTERDAY'S SOLUTION (7) 13 Plan church with skill(s) fclolMlplLlAl Iml 2 Unwanted youngster mad at 14 Gear I would find stiff (5) home (6,2,3,4) 17 Inadequate sort of company? tE^jE^jD^jA^UE~BM^UNmC! 3
      157 words
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  • WIRED FOB BUSINESS
    • Article, Illustration
      Lock icon NEL takes to the Web
      743 18  -  A $3.5 m e-commerce system will link its business units to suppliers and customers, reports Jennifer i JENNIFER LIEIN Large-scale web commerce got a big boost here last week when Singapore's Nat Steel Electronics Ltd (NEL) unveiled an ambitious plan to link its far-flung business
      FILE PHOTO  -  743 words
    • Article, Illustration
      Internet helps to drive up GM sales
      396 18  -  By' Toh Han Shih THE Internet is an important aid to US car giant General Motors (GM) in boosting its car sales, said GM global sales and electronic commerce director, John Yusko at the Fortune Asian Internet Strategy conference held in Singapore recently.
      396 words
    • BOOKmarks
      • Article, Illustration
        Digital coupons for great cybersale
        98 18 THE first-ever cybersale by commercial service provider AslaOne Commerce (www.ec(nxiz.com) features digital discount coupons from participating vendors. Like their print counterparts, digital coupons are marked with discounts for particular items, but the power of the Internet makes this kind of bargain-hunting much more convenient than
        98 words
      • Article
        Net shopping boom seen by 2002
        75 18 A BOOM it expected in the number of consumers going online in the year 3002, aeon-ding to a study by International Data Corporation and Atlanta, Georgia-baaed Relevant Knowledge. The report "Web Usage Trend* 1996" predict* that the percentage of users buying online will grow
        75 words
      • Article
        Online banking catches on
        97 18 ONLINE banking, which has been experiencing slow growth so fer, is expected to become more common soon, according to professional web services company US Web Corp. A study of 1,000 of the largest financial services companies in the US found that 93 per cent have plans
        97 words
      • Article
        Net access goes portable
        85 18 CHEAP devicee for mass-market Internet access will overtake desktop computers within the next six years, said a report by information technology market researcher International Data Corp (IDC). IDC expects demand for hand-held devicee to almost triple in annual volume from 1997 to 2002, and exceed PC
        85 words
      • Article
        MIndSpring voted world-class ISP
        59 18 MINDSPRING Enterprises, Inc has been honoured with PC World magazine's 1996 World Class Award for Beat Internet Service Provider. The award was announced in the July issue cf PC World and at an awards ceremony held recently in New York City. Mind Spring offers local Internet
        59 words
      • Article
        AOL, Yahoo! are best of the Web
        108 18  -  Compiled by Francis Ang THE America Online (AOL) and Yahoo! Web sites have topped rankings by Media Metrix (www.mediametrix.com) for May 1996. A notable shift came from Geocities, which roee into the top three Web sites among Web users surfing from home. Media
        108 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      195 18 »»i e-business Seanity E-business: making internet Planning and BANKING MORE SECURE. architectures. In transforming your business into an e-business, the single most important issue is security. in That's why United Overseas Bank worked with IBM when it decided to become an e-business. More specifically, we've Netrast ready enablement enabled the
      195 words
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      Page 18 Advertisements Column 2
      7 18 brought to you by szszsrs r Ss
      7 words
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  • COMPANIES&MARKETS
    • Article
      Goldtron, Jack Chia-MPH unveil shocking write-offs
      650 19  -  $140 m by Goldtron, $73m by JC-MPH; profits before extraordinaries also sharply lower By, Jenny Lam [SINGAPORE] Contract manufacturer Goldtron Ltd and investment holding company Jack Chia-MPH yesterday stunned the market with huge write-offs totalling more than $200 million. The write-offs $140 million by
      650 words
    • Article, Illustration
      STIC names former Air Force chief as executive director
      212 19 SINGAPORE Technologies Industrial Corporation (STIC) will have a high-flier amongst the ranks of its executive directors from today. He is Major-General Goh Yong Siang, the former Chief of Air Force of the Republic of Singapore Air Force. Maj-Gen Goh, 46, handed
      212 words
    • Article
      Red chips are down but don`t rule out a strong comeback
      941 19  -  HOCK LOCK SIEW Quak Hiang Whai 'Hongkong is one year a decade, Five a generation, ten a century. In fifteen years. It is a brave new world.' Andrew Wong, March 1982 IN the first week of the birth of
      941 words
    • Article
      Wing Tai, FCC seen selling sites
      501 19  -  Developers likely to take advantage of off-budget ruling By. Ang Wan May [SINGAPORE] Listed Wing Tai Holdings and First Capital Corporation are among the major developers that are most likely to take advantage of a new ruling that allows developers to re-sell land, said
      501 words
    • Article
      Jurong Cement posts 8% profit drop
      264 19  -  By I Soh Tiang Keng [SINGAPORE] Falling market prices caused by competition has led to an 8 per cent drop in group net profit for Jurong Cement for the financial year ended March 31, 1996. This decline in net earnings to $19.5 million was
      264 words
    • COMPANIES
      • Article
        S'pore stocks miss out on rare day of Asian gains
        462 20  -  MARKET WOES Region up on yen strength, but off-budget measures fail to inspire By\ R Sivanithy [SINGAPORE] Except for local stocks, most Asian markets yesterday enjoyed a rare day of gains on the back of a recovery in the Japanese
        462 words
      • Article, Illustration
        Lock icon Venture dives 10%, dragging electronics index to new low
        366 20  -  By, Jennifer Lien [SINGAPORE] Shares of Venture Manufacturing yesterday plunged over 10 per cent, dragging the SES Electronics Index down almost 3 per cent to an all-time closing low of 69.50. Analysts were hardpressed to explain Venture's steep tumble yesterday. Halfyear
        Source: Bloomberg  -  366 words
      • Article, Illustration
        Lock icon Weight matters
        80 20 rTOKYO] Toshiba yesterday unveiled the world's slimmest and lightest 85-sized notebook computer Dynabook SS 3000 series, which measures 257 mm in width, 199 mm in depth, 19.8 mm in thickness and weighs 1.19 kg. The Dynabook SS 3000 series has a Pentium MMX266MHz processor, 800x600 SVGA TFT colour
        AFP  -  80 words
      • Article
        Lock icon PT Bakrie sinks into 284b rupiah loss
        311 20 Bloomberg Reuters [JAKARTA] PT Bakrie and Brothers, with interests in engineering and telecommunications. has plunged into the red as the collapse of the rupiah swelled its dollar debts. Bakrie posted a loss of 283.9 billion rupiah (5532.3 million) last year, compared with a
        Bloomberg; Reuters  -  311 words
      • Article
        Lock icon Developer Tanayong posts first loss
        135 20 Bloomberg [BANGKOK] Tanayong pic, a Thai property and transitsystem developer, said it lost money for the first time in the year ended March, rocked by a slumping real estate market and the country's currency devaluation. The company lost 6.49 billion baht (*****.4 million) or 17.66
        Bloomberg  -  135 words
      • Article, Illustration
        Lock icon IPC will stay afloat, Ngiam declares
        498 20  -  He says group has been prudent in evaluating investments By Annette Pau [SINGAPORE] Taken to task by shareholders for the company's poor performance, IPC Corp's chairman and chief executive Patrick Ngiam yesterday repeatedly assured investors that the company will stay afloat. "Our loyal shareholders,
        ARTHUR LEE  -  498 words
      • Article
        Eng Kong to acquire HK warehouse
        144 20 [SINGAPORE] Shipping container services group Eng Kong Holdings has agreed to acquire Hongkong-based Grand Pacific Warehouse Ltd for HK$2O million (554.4 million). The Sesdaq-listed company said yesterday that it would pay half the price in cash and the other half in new shares nine
        144 words
      • Article
        Lock icon KL to relax rules on corporate fund-raising
        154 20 Bloomberg [KUALA LUMPUR] Malaysia's securities regulator said it will lift a Dec 5 ban which limited the ways companies could raise funds. "After taking into account the need for companies to raise funds from the capital market, the Minister of Finance has agreed
        Bloomberg  -  154 words
      • Article
        Watch retailer Sincere posts 22.6% jump in profit to $2m
        398 20  -  Pert&ma Holdings slashes losses by3o%tos2.Bm By, Jenny Lam [SINGAPORE] Watch retailer Sincere Holdings yesterday surprised with a 22.6 per cent hike in net profit to $2.03 million whUe consumer electronics retailer Pertama Holdings said it had trimmed its losses by
        398 words
      • COMPANYBriefs
        • Article
          JY Pillay quits as OCBC director
          19 20 [SINGAPORE] OCBC said J Y Pillay resigned as director with effect from yesterday.
          19 words
        • Article
          Singapore Finance names new ED
          40 20 [SINGAPORE] Singapore Finance said Ong Pang Boon, a director of the company, will be appointed an executive director in place of Sim Miah Kian, with effect from today. Mr Sim will remain as a director.
          40 words
        • Article
          ST Aerospace appoints director
          82 20 [SINGAPORE] Singapore Technologies Engineering Ltd yesterday announced the appointment of Bertie Cheng Shao Shiong as director and chairman of the audit committee of ST Aerospace with effect from today. Ng Kee Choe, who has been director since 1990 and chairman of the audit committee since 1995,
          82 words
        • Article
          Casa posts net interim loss of $1.6m
          75 20 [SINGAPORE] Casa Holdings has reported a group net loss of $1.59 million for the half-year ended March 31. During the previous corresponding period, the company reported a net profit of $1.77 million. Group turnover dropped by 42 per cent to $37 million at
          75 words
        • Article
          New postings at Keppel T&T
          70 20 [SINGAPORE] Keppel Telecommunications and Transportation (Keppel T&T) has appointed Ng Eng Ho, Tan Hock Chuan and Yong Chee Min to its board with effect from today. Mr Ng will also take up his new appointment as managing director of Keppel T&T today, having served as
          70 words
        • Article
          KepMarine names new board members
          82 20 [SINGAPORE] Keppel Marine Industries has appointed Tay Kim Hock and Professor Neo Boon Siong to its board with effect from today. Mr Tay, 50, has been in Intraco Ltd since 1987 and is currently its chief operating officer. Prof Neo, 41, is a certified Public
          82 words
        • Article
          Tenia sell clarifies Camerlin interests
          50 20 [SINGAPORE] Temasek Holdings has clarified that it has no direct shareholding in Camerlin BVI and Camerlin Group Bhd. Referring to two BT reports on Camerlin on June 24 and June 30, Temasek says its interests are deemed interests arising from its shareholding in Sembawang Corp.
          50 words
      • Article
        Lock icon Japan's debt collector sues Sumitomo Bank
        457 21 Bank introduced risky clients to two housing loan firms, agency alleges Bloomberg [TOKYO] Japan's Housing Loan Administration Corp filed a lawsuit against Sumitomo Bank Ltd for 4.8 billion yen (5557.6 million), as the corporation pushes harder to get banks to take responsibility for practices
        Bloomberg  -  457 words
      • Article
        Lock icon NTT domestic long-distance profit falls
        170 21 Bloomberg [TOKYO] Nippon Telegraph Telephone Corp, the world's biggest phone company, earned 16.4 per cent less from its domestic long distance services in fiscal 1997 than the year before, according to a breakdown of its earnings obtained by Bloomberg News. NTT's parent pre-tax profit on
        Bloomberg  -  170 words
      • Article
        Lock icon Shougang's revamp delayed by Asia crisis
        285 21 Asset acquisition, debt restructuring plans hit by poor market conditions AFX-Asia [HONGKONG] The Shougang group of companies' asset acquisitions and restructuring have been delayed due to the regional financial turmoil, Shougang Holding (Hong Kong) Ltd managing director Liu Shi Ying said. Speaking after the
        AFX-Asia  -  285 words
      • Article
        Lock icon Refinancing position secure: Wharf
        375 21 Chief says group has low debt-to-asset ratio of 24% AFX-Asia [HONGKONG] Wharf Holdings said less than 10 per cent of its loan portfolio requires refinancing this year, of which 80 per cent has already been secured, and unused facilities adequately cover its budgeted needs. In a
        AFX-Asia  -  375 words
      • Article, Illustration
        Lock icon Waiting for her money
        87 21 [SEOUL] A South Korean official, from a transition team responsible for the forced merger offailed Donghwa Bank into the stronger Shinhan Bank, explaining to a worried depositor here yesterday why she must wait a few days before her deposits can be released to her. Protesting workers
        REUTERS  -  87 words
      • Article
        Lock icon SeoulBank, Korea First to be merged or sold to chaebol
        292 21 Their weak finances make it hard to find foreign buyer Bloomberg [SEOUL] Seoulßank and Korea First Bank, two struggling South Korean banks, may be merged or sold to Daewoo Group and other domestic businesses instead of foreign investors, a senior
        Bloomberg  -  292 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon News Corp shares surge 8% on plans to sell 20% of Fox in IPO
        496 22 Investors hail offering which will lead to largest stock sale in US history Bloomberg [SYDNEY] News Corp's Australian shares surged after the company said it plans to sell part of its broadcasting, entertainment and baseball businesses
        Bloomberg  -  496 words
      • Article
        Lock icon Rockwell to cut 3,800 jobs, spin off semiconductor unit
        422 22 Reuters [LOS ANGELES] Rockwell International Corp said on Monday that it will cut 3.800 jobs, primarily in its struggling automation business, and spin off its volatile semiconductor unit in moves to shore up lagging profits. The Costa Mesa, Califor-nia-based electronics and
        Reuters  -  422 words
      • Article
        Lock icon Hilton expected to split hotel and gambling operations
        466 22 Gaming company will then merge with Grand Casinos NYT [LOS ANGELES] Hilton Hotels Corp is expected to announce that it will split its hotel and gambling operations into separate companies and will merge the gaming company with the Mississippi gambling operations of
        NYT  -  466 words
      • Article
        Lock icon Monsanto pays US$1.4b for Cargill unit
        277 22 Deal gives US group international seed operations network FT [CHICAGO] Monsanto, the US life sciences group which has become one of the most aggressive players in agricultural biotechnology, is to buy the international seed operations of Cargill, the privately owned US company, for US$l.4
        FT  -  277 words
      • Article
        Lock icon ABN Amro opens four more branches in Indonesia
        180 22 Bloomberg [JAKARTA] ABN Amro Holding NV, Holland's biggest bank, added four new branches in Indonesia, unfazed by the country's worst economic crisis in more than three decades. The new branches which will increase its Indonesian network to 14 come as the more
        Bloomberg  -  180 words
      • Article, Illustration
        Lock icon TNT Post Group debuts with a bang
        78 22 [AMSTERDAM] A bang by Ad Scheepbouwer, chairman of the board ofdirectors of TNT Post Group (TPG) at the Amsterdam Stock Exchange on Monday. And it marked the first day of trading in TPG. TPG, the hived-offpostal and courier arm of Koninklijke PTT Nederland
        REUTERS  -  78 words
      • Article
        Lock icon LSI Logic buys Symbios for US$760m
        516 22 Deal comes four days after Adaptec ends agreement to acquire the Hyundai unit Reuters [SAN FRANCISCO] Chip maker LSI Logic Corp said on Monday it will acquire Symbios Inc from Hyundai Electronics America for US$76O million (Ssl.3 billion), a move that will give LSI
        Reuters  -  516 words
      • Article
        Lock icon Philips ready for euro challenge as countdown begins
        394 22 Dutch electronics giant reveals why readiness is crucial, and what's at stake Reuters [AMSTERDAM] Dutch electronics giant Philips, a fervent and long-standing proponent of a single European currency, is poised in the starting blocks as the euro countdown begins. "We think it's
        Reuters  -  394 words
    • Article
      RANKING OF SES COMPANIES BY MARKET CAPITALISATION
      3405 23 CURR PREV COMPANY MKT CAP NO. Of CLOSING PRICE PE RANK RANK (S$M) SHARES 30/06/98 31/12/97 CHANGE RATIO (MILLIONS) (S$) (S$) 2 Daimler *****.7 517 52.12 52.12 0.0 0.0 1 SingTel "*****.6 ***** 2.40 3.14 -23.6 19.4 3 SIA 8785.4 962 6.50 8.10
      3,405 words
    • FINANCE & COMMODITIES
      • Article
        Local fund managers seen fighting shy of futures
        502 24  -  Brokers expect them to take back seat when Simex launches equity index contracts By\ Slow Li Sen [SINGAPORE] Local fund managers, whose risk-averse tendencies have probably been boosted by fears that they might be losing their jobs in the current shrinking environment,
        502 words
      • Article, Illustration
        Lock icon BOA exec sees soft euro on debut
        504 24  -  Currency forecast to trade in range of US$l.BO-USSLBS Byi Catherine Ong [SINGAPORE] There is a danger that Europe is being swept by an emotional tide ahead of the launch of the continent's single currency, the euro, which is more likely to trade on
        CHRIS LOH  -  504 words
      • Article
        Quotation of Singapore Government Stocks (June 30, 1998)
        351 24 WOCATNE nmu NUMBER MKXXEFWCES uatibitv MEREST Of DAYS Of (EXO.UOING GfiOSS MATURITY YEARRWSEO RATE AMOUMT PAYMENT ACCRUED ACCRUED REDEMPTION (%PA) (SM) DATES MEREST NTEREST) YflO(%PA) 17.96 NSQIOflft 1998 3 1030.00 1/7 1/1 180 100.00 2.96 I- 7 N*****1X 1996 1 1/4 J100.00
        351 words
      • Article
        Simex to improve clearing system
        289 24  -  By\ Soh Tiang Keng [SINGAPORE] The Singapore International Monetary Exchange (Simex) is likely to launch a better, more efficient clearing system within the next two years. Known as the Clearing Operations and Risk Evaluation (Core) system, this revamped structure, according to Simex officials, will ♦enhance
        289 words
      • Article
        Lock icon Euroyen firmer on rate cut hopes
        260 24 SSMEXReport Reuters [SINGAPORE) Simex Euroyen futures staged a recovery yesterday after hopes of credit easing were rekindled and on improved sentiment ahead of plans to clean up Japan's bad loan mess. Minutes from the Bank of Japan's policy board meeting on May 19 said
        Reuters  -  260 words
      • Article
        Futures edge higher on profit optimism
        186 24  -  MSCI TAIWAN FUTURES Cecilia Loh Cecilia Loh, service dealer, Refco Singapore [SINGAPORE] The Simex MSCI Taiwan Index futures edged up 2.60 points on optimism that US computer companies have not issued profit warnings as the second quarter ends. Technology stocks led the rally in
        186 words
      • Article
        Lock icon Oil up after US attack on Iraqi missile site
        226 24 ENERGY REPORT Bloomberg [NEW YORK) Crude oil rose after an attack on an Iraqi missile site by a US warplane raised speculation that United Nations sanctions against Iraq's exports will not soon be lifted. The missile was fired in a no-fly
        Bloomberg  -  226 words
      • Article
        Lock icon CURRENCY REPORT
        282 24 AFP AFX-Asia London THE US dollar shed almost a yen in afternoon trade as stop-loss selling punished a break of support at 139 yen, and traders said the dollar may still have more ground to lose. The dollar was already looking poorly supported against the yen earlier, but
        AFP; AFX-Asia  -  282 words
      • Article, Illustration
        Untitled
        1207 24 PfTERBAMK CROSS RATES u SLB Ffr Dt» HK$ If* H fapMi YwWow Ml HZ$ P*ts PtM S$ tort Mr »T$ W »oH U$$ Sf 1105 0905 £2 \\f 2 "J fJSSKIJK? n£S £2 ***** ***** 1-045 3.611 0.938 ***** 24.006 0.369 0.6* ST 0195 0177 SS aim Jij2 Km 2
        1,207 words
    • Article
      COMMODITY PRICES
      1822 25 SICOMrUTURES Jun30 RUBBER (futures ctosinq is it 5.30pm) RSS1 CONTRACTS cwts/kg) Close Volume Open Month High Low Sett (tows) Interest Jul 98 120.50 500 Aug 98 121.50 340 Sep 98 122.75 350 Oct/Dec 98 125.50 4650 Jan/Mar 99 130.50 WOO Apr/Jun 99 134.75 1950 RSS 3 CONTRACT (US
      1,822 words
    • Article
      WORLD STOCK MARKETS
      2369 25 LONDON Intfustrijls ■to" 30 Pwti 31 Group 613.000 -0.400 AB Ports 333.000 -5.000 Abbey Nation*! 1070.000 6.000 Allied Domecq 559.400 -6.600 Amec 171.000 -6.400 Asda Croup 205.600 -2.000 BAT Ind 597.400 -12.600 BG Pic 347.000 -2.000 BICC 128.000 -6.000 BOC Group 816.400 -13.600 BR Petroleum 876.000 -5.400
      2,369 words
    • Article
      Lock icon TOKYO
      1635 25 Bloomberg Q Nikkei 225 jjjUl JAPAN'S benchmark stock index rose to a one-month high amid growing confidence the government will come up with a plan to take over failed financial institutions. Banks such as Bank of Tokyo-Mitsubishi Ltd led the rise as Prime Minister Ryutaro Hashimoto said the plan,
      Bloomberg  -  1,635 words
    • Article, Illustration
      Lock icon HONGKONG
      1498 26 Reuters M Hang Seng +8139 HONGKONG stocks, boosted by the strength of Tokyo shares and a recovery of the yen, closed higher yesterday but gains were pared by prof-it-taking ahead of a public holiday today, brokers said. The Hang Seng Index ended up 82.39 points, or 0.97 per cent,
      Reuters  -  1,498 words
    • Article, Illustration
      Lock icon CHINA
      647 26 Reuters kJ Shenzhen B Index -0.58 SHENZHEN'S Hongkong-dollar denominated B Share Index closed lower yesterday as falls in the domestic A share market hit investor sentiment, analysts said. The B Share Index dropped 0.58 point, or 0.70 per cent, to 81.64 points on turnover of HK$4.4 million against HK$7.O
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  647 words
    • Article
      Lock icon TAIPEI
      372 26 AFP gWP Index +13.08 TAIWAN share prices moved up 0.2 per cent yesterday buoyed by overnight gains on Wall Street and foreign institutional buying, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 13.08 points to 7,548.81. "Foreign institutional buying in the past three sessions appeared to have
      AFP  -  372 words
    • Article, Illustration
      Lock icon BANGKOK
      785 26 AFP Reuters Q SET Into -XB7 THAI shares slid 1.4 per cent in very quiet trade yesterday, with investors sidelined in the absence of local developments and amid ongoing uncertainty about regional currencies, analysts said. The Stock Exchange of Thailand (SET) Composite Index finished 3.87 points lower at 267.33
      AFP; Reuters  -  785 words
    • Article, Illustration
      Lock icon JAKARTA
      725 26 Bloomberg Fl Composite Index +14.69 INDONESIAN stocks surged in the last half hour of trading yesterday, buoyed by the rise in the rupiah. Investors are "trying to punt on the currency, hoping that the rupiah will strengthen in the very short term", said Richard Sung, head of sales at
      Bloomberg  -  725 words
    • Article
      Lock icon SYDNEY
      603 26 AFP rl All Ordinaries +47.3 AUSTRALIAN share prices rose 1.8 per cent yesterday due largely to a surge in News Corp stock, brokers said. The Australian Stock Exchange's main indicator, the All Ordinaries Index, jumped 47.3 points to 2,668.4. The All Industrials Index climed 86.9 points to 4,689.0 while
      AFP  -  603 words
    • Article
      Lock icon SEOUL
      411 26 AFP P Composite Index -0.72 SOUTH Korean stocks fell slightly yesterday amid concerns over the fallout from forced bank mergers and labour unrest, dealers said. "In the process of dealing with the five non-viable banks, a liquidity squeeze is likely to come about and this, in turn, will weaken
      AFP  -  411 words
    • Article
      Lock icon WELLINGTON
      256 26 AFP rl Wellington *7.75 THE New Zealand stock exchange was up 0.4 per cent yesterday on strong turnover, dealers said. The NZSE-40 Capital Index was up 7.75 points to 1.964.59. Turnover was NZ$lll.9 million with Telecom Corp up four cents to NZ57.94. AFP Jw 30 US (000) ANZ Banftinq
      AFP  -  256 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Boost from firmer RM, window-dressing
        415 27 AFP Q Composite Index +4.87 MALAYSIAN share prices closed 1.1 percent higher yesterday as some light buying interest emerged to reverse earlier losses, dealers said. The Kuala Lumpur Stock Exchange's 100-share weighted Composite Index rose 4.87 points to end at 455.64, off an earlier low
        AFP  -  415 words
      • Article
        Untitled
        8470 27 INDUSTRIALS 1998 Last vol Day Nat Cap High Low Company Sale OOP High Law P/E Smil 3K) 180 Ajinomoto 218 12 0 88 4 148 58 Angkasa 58 unch 7 58 58 1.3 85.5 290 123 Apollo Food Hlg 142 4.1 56.8 388 190 Barjaya Land 228 2 133 230
        8,470 words
    • WARRANTS&OPTIONS
      • Article
        Untitled
        3372 28 BONOS, LOANS WARRANTS i9?a *t Htqh Low Strvo Company s". <fw£? ul.* V Urt 0uoU A < OOO) High Low Buyer Seller Prtco 23.5 9 m 3000 m AMOB c5.5%*****6 10 20.5 5 3160 "Acer ******1 USS 6 5 "si 95 8.5 3164 Acma ******4 11 l8 J 3161 AIIToch
        3,372 words
      • Article
        Southern Bank wrt: decent numbers
        148 28  -  WARRANT WATCH R Sivanithy IN yesterday's column, we highlighted the ridiculously low price-earnings (PE) ratios which blue chips are currently trading at and today's feature is along the same lines. Malaysia's Southern Bank's Foreign shares currently sell for 1.23 Malaysian ringgit which, according to Bloomberg
        148 words
    • Article
      CLOB INTERNATIONAL
      2015 28 Transaction date Jun 30 j MALAYSIAN STOCKS tQAa Of Gr in,, Vol Day Last Quote CMv Mv YM Net M Cm High Low Stno Company Sale C000) High Low Buyer Soar H C'vr p/E Snm mS !22° AIS850C 4&5 5 126 475 465 *6 46.5 5.0 3J 22
      2,015 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6353 29 Transaction date: Jiui 30 Or Of M Wt ,Vol Day Last Quota Dtv Otv YM Nat Cap Av« "T* L w S,N Company Sata OOP) Hit Low Buyar SaMar Cyr P/t Smll Prtct MOUSTVIALS 43 13 1020 ACE Dynamic s20c.... 14 *1 21 14
      6,353 words
    • Article
      SESDAQ
      1192 29 M r—~.w ii? ON D.V rw Not C»p Avq >tW *0*0 (OOP) MH» L— Buyer S*«*r C'VT P/t $m« Prlco 134 79 0 2000 ABRHkfcpSc 80 82 390 86 2 «5 205l' 5 5 0N 7 6 3 7 2051 A5J HidqsZOc 57 t 56 2.5 10.2 09 HO
      1,192 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        217 30 Stacks VoIwm SingTel 15c 10,276,000 Easyfcnit HKIOc 7,366,000 DBS Land 6.376,000 Wing Tai 25c 4,689,000 SPH 3,949,000 City Oev 50c 3,825,000 •Pub Bk Foreign 3,351,000 TAC BtIO 200 2,994,000 •M Resources 2,940,000 'Metroplex 50c 2,855,000 Stwta > SPH 45,815,926 DBS Foreign 24,749,287 SingTel 15c 24,293,428 City Oev 50c 17,861,917 OCBC
        217 words
      • Article, Illustration
        HOT STOCK
        76 30  -  by: Shiv Taneja THE Foreign tranche of Public Bank closed one cent lower at 51 cents on a volume of 3 35 million shares, compared with its 10-day traded average of 2.1 million shares. The counter is trading just off its two-and-a-half year low In the near term,
        76 words
      • Article, Illustration
        Currency woes overshadow govt's $2b package
        686 30  -  STOCXMAMEBT COMMENTARY Tokyo stock rally also fails to lift sentiment; STII fall bigger if not for late support for Sing Tel shares By R Sivanithy THE local stock market followed up on its dismal Monday showing with an equally poor display yesterday as lingering
        686 words
      • ON THE GRAPEVINE
        • Article
          Vacating the bet seat?
          65 30 THE market is rife again with rumours that Malaysian central banker Ahmad Don is about to throw in the toweL He was earlier reported to have threatened to quit but was eventually persuaded by Finance Minister Anwar Ibrahim to stay on. Hassan Merican, president of national
          65 words
        • Article
          Cool, blue card
          133 30 WATCH out, Visa and Mastercard. American Express' blue credit card is judged by some to be tin coolest thing lately. It was voted "Best New Product" in the annual Australian Banking and Finance awards. Said Barry Arnold, senior vice-president of Amex consumer services group: "The blue credit
          133 words
        • Article
          Pretty bad market
          78 30 WE all know that Hongkong's residential property market is down in the dumps. Bat just how bad it is can apparently be gauged by the latest selling tactic of a property agent The general manager of a stockbroking firm recounted how the agent called him up to
          78 words
        • Article
          Driving home a point
          88 30 THE "greening" ofall Singapore petrol stations from today, aimed at producing a cleaner environment, has raised concerns especially among motorists with older cars. With leaded petrol no longer available here, one oil company is offering these motorists the "ultimate peace of mind" in using its unleaded
          88 words
        • Article
          High cost of the law
          90 30 WHAT type of accommodation In Australia could cost as much as hotels? The answer, prisons. At least modern prisons. Tender will doee tomorrow for an expression of interest for the construction, financing and management ofWoorokx? Prison in Western Australia. The 750-bed prison is estimated to
          90 words
        • Article
          Prison labour
          50 30 SPEAKING of prisons, British Prime Minister Tony Blair is said to be thinking of enlisting the jailbirds of British prisons to help fix the millennium bug expected to hit computers in the year 3000. Not s bad idea considering the expertise of hacker types doing time in prison.
          50 words
        • Article
          Extra time meals
          88 30 PIZZA Hut is the latest among restaurants, pubs and coffee shops to cash in on the World Cup fever in Singapore. It is offering two menu packages to football {fens to enable them "to stay up late to enjoy our World Cup meals". The two meal packages,
          88 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      117 19 A company's strength lies in the Backbone of its staff. A fife 1 1 And the secret of the Gamma work more comfortably with the PA 3870 li es in its point syn- PA 3870 y and most certainly chronieed technology with improve your seated posture. tension adjustment feature, which
      117 words
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      Page 21 Advertisements Column 1
      329 21 THE ASIA BUSINESS FORECAST A FORUM THAT EXAMINES THE ECONOMIC FUTURE OF THE REGION The Asia Business Forecast is the year's most important one day meeting for corporate decision makers and government policy planners. We've brought together Asia's most formidable policy makers and economic commentators, along with Dr. Paul Krugman.
      329 words
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      Page 22 Advertisements Column 1
      430 22 Monitor the Stock Market without calling your remisier or searching through InTV. NewsPage*GSL is now or outdoors. You will also receive ucing its SmartSTOCKS SingTel'slnfoXtra service on news, I product the latest stock market 4D. Toto, traffic and other tool to hit the Singapore market. broadcasts. SmartSTOCKS is product has
      430 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      55 26 bouquet of flowers i 1 r rKlvl 1 Buyina or sellina throush l O lad you l The Straits Times Classified is child's play. Call C.A.T.S. at 1800-737-1166.fi 1 Hie Philippine stock market wa* cksed for a public holiday yesterday Buy It. Sell It. Find It. Classified. [cats. I Call
      55 words
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      Page 29 Advertisements Column 1
      32 29 A buyer /uovelhis^X f£F the very J that I found <-*▼ next day. through j "1 s t \llie Straits Times# what a gjBBT 2> The Straits Times Classified is child's play. HVf
      32 words
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      Page 30 Advertisements Column 1
      1193 30 BUSINESS \(titers :u\mTtisi- rail 1011-lm- ISOO-741 ISS* THE COMPANIES ACT, CAP. 50 FONTANA PTE LTD (In Liquidation) At a general meeting of FONTANA PTE LTD duly convened and held on the 30th day of June. 1998 the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up
      1,193 words
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      Page 30 Advertisements Column 2
      459 30 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF PROTEUS INVESTMENTS (PTE) LTD (IN VOLUNTARY IJQUIDATION) MEMBERS' VOLUNTARY WINDING-UP Ai an Extraordinary General Meeting of the Members of the abovenamed company, duly convened and held at 50 Jalan Sultan. #25-10. Jaian Suhan Centre. Singapore *****4
      459 words
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      Page 30 Advertisements Column 3
      96 30 Advertising in Turbulent Times Are you qettinq the REAOL as promised? shipping times GUARANTEES *48,000 daily circulation! In Singapore, when you want to reach out to a select target audience in HIE only one daily oFFers you the advantage oF maximum reach at minimum cost. And that's Shipping Times. For
      96 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      311 31 Bridge News Reuters TRADING was extremely sluggish and most brokers are not expecting much activity at all this week ahead of the long July 4 weekend. Fixtures TANKERS: The week started off at a brisk pace for VLCC loaders from the Persian Gulf and West African regions, in
      Bridge News; Reuters  -  311 words
    • Article
      MARITIME STOCKS
      293 31 SES *000 S$ VI CWT Distribution 0.435 -0.03 9 ChuanHup 0.36 unch 5 Cosco investment 0.50 -0.01 6 0Y9 unci 10 CB Holdings 0.20 -0.01 13 Hat Sun Hup 0.395 *0.015 286 HItactM Zosen 0.57 unch 305 IMC Holdings HK 5.60 Jay« Holdings 0.40 *0.005 10 Jurong Shipyard
      293 words
    • Article, Illustration
      Lock icon Govt urged to do more to help shipping industry
      390 31  -  Call on PSA Corp to assist by offering more goodies to shipping lines and shippers By Felix Chan [SINGAPORE] The shipping community yesterday welcomed the government's announcement of a 20 per cent rebate on port-related tariffs at the Jurong Port and
      FILE PHOTO  -  390 words
    • Article
      Fight piracy through law enforcement and by taking precautions
      758 31  -  STRAIT TALK By\ Seafarer RECENTLY Seafarer saw a television demonstration of a sort of light gun. These things are like camera flashes but very, very much more powerful and will, it is claimed, temporarily blind anybody on the receiving end. They
      758 words
    • Article
      First phase of ISM Code comes into effect today
      374 31  -  By\ Marcus Hand [SINGAPORE] After months of warnings, the first phase of the International Safety Management (ISM) Code finally comes into force today. The first phase of the ISM Code is mandatory for all tankers, bulk carriers, gas carriers, passenger craft
      374 words
    • Article
      Lock icon Humpuss sure of retaining Pertamina deals in retenders
      221 31 Bridge News [SINGAPORE] Publicly listed shipping and port company PT Humpuss Intermoda Transportasi said it is confident it will retain its shipping tenders despite the intention of state oil and gas firm Pertamina to retender its shipping contracts, the Jakarta Post reported
      Bridge News  -  221 words
    • Article, Illustration
      Catering to upscale travellers
      1062 32 HOLLAND AMERICA LIKES Premium cruise line offers spacious, mid-sized ships, a high staff-to-guest ratio and worldwide itineraries Guests feel at home as soon as they step aboard a Holland America Line ship. A salute from the Dutch officer on the gangway, a warm welcome from the
      1,062 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      339 32 PAGE ESP Lira 14 ACL 9 Ethiopian 6 ANL 3 Evergreen 6 U Accord 8 Express TI 14 Ahrenkiel M Farwkle 14 Amazon M FoongSun 8 Appenship 5 Frotl 15 AsiaOCL 15 FrtLinks 16 Astro 3 GL 4 Austral 9 GwMftrans 8 Avant
      339 words
    • Article
      SHIPPING GUIDE
      18975 40 THEBUSINESSTIMES EXPORT ETA ETA Adv*rtis*r V*ss*l Voyag* TH#phon« ETA ETA Adv*rtis*r V*ss*l Voyag* T*i*pnon* SIN D*st'n Nam* Nam* Number Number SIN D*st'n Nam* Nam* Numbtr Number a To BUENOS AIRES (BUE) 2060 Argentina To ABIDJAN (ABJ) 2003 oe/o7 03/M csav csav santos oo?s 65-*****55 Ivory Coast, Cote D/voire
      18,975 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        762 47 Voy No Berth Arrival Departure ■J*'"" 1 JUN30 J01 alongside }0 06/2359 81 p l *****8 JOI alongside 30 04/1700 W Km R» *****8 JOI alongside 30 06/1400 9t Lane AIM 2JUM98 JOI alongside 30 06/1230 Bt Mustika *****8 JOI alongside 01.07/0600 B W n3 2698 JOI alongside
        762 words
      • Article
        CONTAINER SCHEDULES
        1837 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Booklnq/EUIancc Rstls Ship Voy No Etb/Btr Period From To From Ac. low 006B 03/1400 U 30/1500 30/1459 30/1900 It 30/1500 30/1*59 30/1900 U 30/1700 01/0659 01/0900 30/1700 01/0459 01/0900 1 01/0700 01/1159 01/1400 4 01/1200 01/1459 01/1700 "—irr"* M 03/0700
        1,837 words
      • Article
        GLOBAL HOLIDAYS
        170 47 Jail. Canada: Canada Day. Hong Kong: SAR Establishment Day. Jul 2. Hong Kong: SAR Establishment Holiday. United States: Independence Holiday. Jul 7 Brunei: Maulud. Indonesia: Mouloud Prophet's Birthday. Malaysia: Birthday of Prophet Mohammed. Jul 9. Thailand: Asanha Bucha. Jul 10 Thailand: Khao Phansa Day. Jul 13 United Kingdom:
        170 words
      • Article
        COCKETT BUNKER MARKET REPORT
        1015 47 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on average sized stem Market movements are indicated The Cockett Bunker Price Index change and the
        1,015 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        534 47 Carbon 180 Mm 994.5 1.0 17.1 0.09 M 0.05 ■lu« 25 Density Water Residue As* Aluminium Sediment No above £25 4 0 10 0 1 0 380 Ave 986.6 0.2 16.5 0 06 30 0.03 tin* 380 Mai 991.6 0.9 19.5 0.11 58 0.09 «W3 »/y
        534 words
    • AIR&LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon MAS expects its share of domestic traffic to drop
        545 48  -  Airline moves domestic flights to new EL airport instead of retaining them at Subang By Felix Chan [SINGAPORE] Malaysia Airline System (MAS) said it expects its share of domestic traffic to drop following the opening of the new Kuala Lumpur International
        AFP  -  545 words
      • Article
        Lock icon Pan Am restructure approved
        291 48 Railroad company will pay USs24.sm for name and assets of troubled airline Reuters [MIAMI] A bankruptcy judge has approved a reorganisation plan for Pan Am Corp that calls for a railroad company to pay U5524.5 million (5541.6 million) for the name and assets of the troubled
        Reuters  -  291 words
      • Article, Illustration
        SilkAir's A320 will allow route expansion
        500 48  -  Regional airline will get its first A 320 in Sept hYotn Marcus Hand in Toulouse SILKAIR'S first Airbus A 320 is less than three months away from completion, and will offer the regional arm of Singapore Airlines the chance to expand its route network
        500 words
      • Article
        SIA adds more flights to schedule
        488 48  -  It will launch new frequent flyer plan next year By\ Felix Chan [SINGAPORE) Singapore Airlines (SIA) will add 10 additional flights a week to Australia and New Zealand as it realigns its fleet operations ahead of the northern winter schedule. Services to Hongkong, Nepal,
        488 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1843 48 aw yuan m fucht tio Ad*<*«i* S0230 i9io <—iwWt W am oaa Amsterdam NZ4327 0755 K1838 2300 VN74 <310 **742 090 SQ327 0755 S0175 1840 S0176 1K» KL837 1455 W740 M» Auckland N***** 2050 N***** 2045 MI893 1110 MI894 073 S0286 2050 S0285 2045 TG407 1540
        1,843 words
  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      22 31 Holland America Lines caters to upscale travellers Cruise line offers spacious, mid-sized ships, a high staff-to-guest ratio and worldwide itineraries. Page 2
      22 words
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      Page 31 Advertisements Column 2
      34 31 AHOY! I Europe. I Sailing schedules from Amsterdam to Zurich. 2 4 hours a day in the Shipping Guide Fax-On-Demand hotline 740 6000. Another innovative service offered by TilKl»l MNESSTIMKS Siiil'l'im> I'imi;s I L——
      34 words
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      Page 31 Advertisements Column 3
      25 31 MAS expects its share of domestic traffic to drop Airline moves domestic flights to new KL airport instead of retaining them at Subang. Back Page
      25 words
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      Page 32 Advertisements Column 1
      1018 32 I NORTH AMERICA I EXPORT I I OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPRESS DIRECT TO LA j DIRECT SERVICE TO WEST COAST SOOTH AMERICA/AStA ANDES EXPRESS SERVICE (H) m m 0* I" MmtooTT msa I vor la. I manzanho lombmvotim Icmiao to Ibuw SjgjS gjS m OOdMITAM *****7 11/07
      1,018 words
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      Page 32 Advertisements Column 2
      88 32 SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAW PORTS Mam Kong All CMm Pffflt (BYERY TMUR 1 SUN VESSEL! VESSEL VOY ETD SIN ETA TYO ETA KOI tTA Y(M ETA NGO ETA OSA ALLIGATOR MIRACLE V.9154
      88 words
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      Page 32 Advertisements Column 3
      686 32 Lines A services represented it, [imSm'ij by Members of the Reg.stry of Orders Accreted Shipping Agents yjyy Association Singapore Shipping Association CONTAINERS/CONVENTIONAL CARGO ACCEPTING ON DIRECT SAILING TO MALE ETA(SING) ETA(MALE)| M/V Princess lily V 0298 12/07/98 20/07/98 M/V Princess Lily V 0398 30/07/98 08/08/98 LILY MARINE SERVICES SINGAPORE Phone
      686 words
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      Page 33 Advertisements Column 1
      1080 33 TO EUROPE FROM EUROPE IVKHI VOY SIN RTM AM HAM BRV SOU FIT LHT] IvtSSft VOT RTM ANR HAM BRV SOU FIT UH SIN DANUBE S39W 02/07 2S/07 22/07 23/07 20/07 HY ADMMAI 3131 13/0610/06 11/06 08/06 02/07 TY* 522W 03/07 19/07 21/07 24/07 25/07 HY HKHNfSS 3111 12/06 13/06
      1,080 words
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      Page 33 Advertisements Column 2
      1995 33 HANJIN SHIPPING HANJIN SHIPPING (S) PTI LTD wrp ho*n cori BOOKING *****35 237 SALES 32*0774 731 OOCUMfNT *****71 774 OPEUtIORS 37M741 252 MAIN UNE *****55 FAX *****40 (I HO **********0* TO NW USA CANADA I USA CANADA* Ft*vsl/voy I IAM Isw unihaui/voy saH fiw~~j den pm T~oi r~lsp HT DTI
      1,995 words
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      Page 33 Advertisements Column 3
      459 33 FULLY rniITAIMIDICEn f u R P t VESSEL VOY_ _SJN_ PUG VOY SIN HUG KEI USN PUS |«SStL PKG I VESSEL VOY SH^|Jloj MONTANIA 09S 28/06 30/06 09N 01/07 OS/07 07/07 09/07 10/07 lj%j[ |Q3S I l?'''o7l 14'07 NTER) 009S llOwl KMTC ULSAN 808S 03/07 10/07 12/07 14/07 IS/07 LqnTAWLA
      459 words
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      Page 34 Advertisements Column 1
      1580 34 C DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/M Ml >I'I'ERRANEAN/CANAPA «SStl VOY SIX lIH HTM AMR NAM BRV FLX VtSStL VOY SIM JfO GIT SPt FOS VIC MTB PUNJAB SENATOR WKB7S 87 07 24 07 26 07 27 07 MO7 30 07 J1 07 WASHINGTON SENATOR WMS3O (1 07 12
      1,580 words
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      Page 34 Advertisements Column 2
      1432 34 MY LJNE YML Internet Web Site http: //www.yml com tw i% *Hm. <H4' Hf ik <1 e m a unmimMMmMEnmsEmMnsmEssmim m,c£ weekly thursday/SM^Y VESSEL VOY RTM HAM FXT LEH ANR MALACCA Bfl AB26W 034)7 25/07 23/07 22/07 27/07 MING EAST JB26W 05/07 22/07 24/07 25/07 27/07 MING SUN AB27W 10/07
      1,432 words
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      Page 34 Advertisements Column 3
      409 34 JESSELTON LIKE Jt TEL: *****56 FAX: *****12 MUARA LABUAN VfSStl VOY ETD ETA VISSB VOY fTD ETA STORE MUARA STORE UN AMtIGIORY VI4E/96 SU> 02/07 RfMOMY VIM/W SU> 03/07 IMOSftt VI7I/W 03/07 04/07 i«OSfH VI7I/M 03/07 07/07 AMItaOfY VI7I/91 07/07 10/07 AmaORY Vl7l/W 07/07 11/07 J. PROSRtt VIK/98 12/07 15/07
      409 words
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      Page 35 Advertisements Column 1
      1259 35 VESSEL VOY SIN PGU PKG PEN BLW SUR PUB BA BIK IRAN TEYFOURI PJL 1287 08/06 17/06 18/00 IRAN MOBIN PJL 1293 21/00 30/00 01/07 IRAN QHEYAMAT PJL 1202 05/07 14/07 15/07 IRAN MATIN PJL 1297 20/07 29/07 30/07 ACCEPTING CONTAINER/BREAK-SULK SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I
      1,259 words
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      Page 35 Advertisements Column 2
      1918 35 DIRECT SAILING m T shanghai xingan® 6 TtL 226 1900 F/UL *****03 I COSTAR SHIPPING PTE LTD #17-08 DBS BLOC SALES/BKGS 4205M1/43 INWARD DEPT (D/O) *****8S COSTAR AGENCIES (AM) SDN BND ICR NO: **********0 M TOWER TWO (*****9) CONVENTIONAL *****50/S5 T/SHPMT DCPT *****25 TEL 02-07-35 ***** FAX: 02-07-353*170 TSI/VOT Sa
      1,918 words
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      Page 35 Advertisements Column 3
      575 35 I'i-s-, EASTERN CAR UNER, LTD."^t%t* |EJ Kl (SINGAPORE) TO LTD 1 SPECIALIZE IN RORO HEAVY LIFT UPTO 122 TONS EQ (SIN6APOIE) PTE HO LOADING FOR JAKARTA MUARA MV "CEILO AZUL" V.17 MV "ORANGE SKY" V.83 ES XT n/07/98 0/07/98 blA l "/0//98 ETA MUA 14/07/98 COLOMBO/CHITTAGONG PORT KIANG/MONGOLA MV "OCEAN
      575 words
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      Page 36 Advertisements Column 1
      1193 36 EUROPEAJK/SCANOINAVI A/FINLAND/RUSSIA E SGP R M MB <> HE LHV LHV THP ROM ANW HBG PKL SGP I S?. U N R 032 W* 7 nAI 2M7 24^7 *M>7 27/07 E. REWARD RE 029 05/06 08/06 06/06 09/06 11/06 04/07 05/07 I MOT 31/07 95/08 01/06 03*6 04AM 05/06 E
      1,193 words
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      Page 36 Advertisements Column 2
      626 36 am MAC-NELS S'PORE M'SIA kITT?S Carrier: MN CONTR LINES, INC p. guoang: (07) *****26 I fvy J C/R NOs **********0e SIBU: (064) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MON: (61) *****3 KUOUNG (062) *****1-3 BANGKOK MV
      626 words
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      Page 36 Advertisements Column 3
      482 36 "T/CTT > NANTAI LINE I FUUY CONTAINERISED SERVICE TO -J MAURITIUS SOUTH AFRICA I VESSti I vor |sm I puj I dob I ctt I i/ut I HAWAIQUKN VO2BS 10/07 11/07 72/07 21/07 31/87 I NAWTAJ OMtOB VOO7S IS/07 25/07 21/07 03/00 I NAMttl fKUKE VO23S 26/07 09/00 M/OI I
      482 words
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      Page 37 Advertisements Column 1
      450 37 MB MYANMA wBBk FIVE STAR LINE (Myaimar Notional Line) v Loading for Yangoa (Rangoon) VtSStL VOY SM PKL PtN PGU MONGLA ISW SID stttwi iiw mrr MALAYSIA AGENTS: OOUSTEAD SHIPPING AGENCIES *Ut TH (03)*****00 PKL Til (03)*****01 PEN: Ttl (04) *****02 PGU: TH (07) *****21/4 Mi BANK LINE (A J«rvi<«
      450 words
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      Page 37 Advertisements Column 2
      1242 37 HMNEHYUNDAI MERCHANT MARINE CO., LTD. I VtSSfl VOY ISM SOU I LEH ITTM I ANT I HAW IRV I FB IVESSB VOY I SOU I 184 I ETRR I 4MT I HARR IWV I m I til I DANUM S39W 92/07 20/07 2S/07 22/07 23/07 HYADMMAL 3131 00/04 13/04 10/04
      1,242 words
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      Page 37 Advertisements Column 3
      1185 37 MB M 69 MM norwegon ipeaokted oukxamen ©ag®g mm mm l/h£s TO NORTH AND LATIN AMERICA RORO HEAYYUFT SERVICE" I VESSEL VOY RAMP HEIGHT SIN LAX CKi NUA SAV BAI ORE NYC NEW MOO TAIKO FBl4 400 Ton 6JM lW 10/0« WW 2276T 24/08 26/04 27/01 21/01 02/09 05/09 TOURCOtNG
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      Page 38 Advertisements Column 1
      1892 38 BANOKOK/LAIM CH ABA WO JAKARTA/PANJANQ VESSeL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN SINO OCEAN QCNO9I In Pt 04/07 THANA BHUM 293S In Pt 04/07 NANTA BHUM" 400N In Pt 04/07 05/07 GURU BHUM B4S In Pt 05/07 XETMA BHUM 239N 02/07 05/07 GURU BHUM 84SB 02/07 06/07
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      Page 39 Advertisements Column 1
      432 39 INDONESIA NATIONAL LINE TO EUROPE ""I EXPRESS SEMI-CONTAINERISED SERVICE VSI VOY rT7Qgrp-DAM, B DAM H BURG BREMEN ANTWERP A VESSEL ??,06 27/03 OMIT 02/09 TO AUSTRALIA f FULL CONTAINER SERVICE WY FBI BHE STD MEL HtA |FRE W. EMERALD VO2S 2MK 27« OM7 10*17 11D7 IM>7 hasugai vios wnown iz«7
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      Page 39 Advertisements Column 2
      820 39 f ~SSS:Q||J PACIFIC INTERNATIONAL LINES (PTE) LTD^ I ML| 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I CR HO **********06 I I VESSEL VOY m fin jHI SYP MEI WW Kl AW HE fKI ISW LIMA AUSTRALIA LM743 30/6 1/7 8/7 13/7 15/7 17/7 17/J 28/7 29/7 OOCL ABILITY
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      Page 39 Advertisements Column 3
      906 39 Vf-SSfl S VOY SIN JED MLA LEH HAM THP RTM ZEE VK-LE DE ANTARES L26W 01/07 10*07 14/07 2CVO7 21/07 Z3/07 23/07 24/07 VH-LE DE VIRGO S26W 07/07 ISP7 2(V07 26/07 27/07 29/07 2&*07 30/07 VTU-E DE VELA N26W 14/07 22/07 27/07 02/06 03/06 06/06 06/06 08/06 VH-LE OE GEMINA
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      Page 41 Advertisements Column 1
      63 41 ST6|| Dial 740-6000 on demand (Retrieve more schedules!) Press "1" I CT JC\ Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovative service offered by f The dOCUment Will be Shipping Times tL/
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      Page 43 Advertisements Column 1
      49 43 STE^^Dial74o-6000 Oil Q€ITI3nQ —(Retrieve more schedules!) i sr Press "V lie Select the port and key in the four digit code eg: To New York (NYC) 2275 D Key in your fax number a your phone number f Another innovative service offered by The document Will be SHIPPING TIMES
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      Page 44 Advertisements Column 1
      908 44 SAMUDER A 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/CEIIA/MEI CHAM 7 slgs/WEEK 2 slg/week I VESSEL VOY —SJN [UK |VESSEL VOY SIN PLB SINAR NUSA ~1008 INPT 27/06
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      Page 44 Advertisements Column 2
      598 44 \yfmm ENG LEE SHIPPING CO PTE LTD I T»l: *****75 (t llmil Fan *****3S *****60 I f C» lU: n»wooooo< VESSEL VOY SIN ETA SIN ETD DESTINATION Marco Poto 26 15/98 02/0/ 03/07 Oumoi Motto Wo 42 IS/98 04/07 05/07 Pe«nwng/Bualon DwiDoyo 11/98 05/07 06/07 Perawong/P Boru/Buoton Buono Indoh 10/98
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      Page 44 Advertisements Column 3
      782 44 M FAR EAST 05/07 KEELUNG/KAOHSIUNG 05/07 BANGKOK 05/07 MANILA/CEBU 05/07 JAKARTA/BELAWAN/SURABAYA 05/07 PORT KELANG/PENANG/E MALAYSIA 07/07 BUSAN 05/07 TOKYO/YOKO/KOBE/NGO/OSA 05/07 HONG KONG §M CHINA (+Bia-±»*o) 05/07 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU SIN EUROPE/UK 06/07 LON/FLX/LVP/SOU R OM/ANT/LE H/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES m USA/CANADA 05/07 LOS ANGELES/NEW YORK
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      Page 45 Advertisements Column 1
      1129 45 ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE i VESSEL VOY SIN CMB PIR LA SPEZIA I VLC I LEH I FXT I ANT MSC SOPHIE 9825 3 05 JUL 09 JUL 18 JUL OMIT OMIT QMIT 26 JUL 27 JUL MSC MARTINA 9826 3 10 JUL 14 JUL 21 JUL 24
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      Page 45 Advertisements Column 2
      1809 45 osw*26 o?o; iii; ™7 ff oy I I sou 1 RTM I HAM lUH I STORE KQ« NAGQYA mSBt ITQKTO NYX ANDROMEDA 04WA27 09.07 25.07 2707 2107 0108 MTK ALTAB 71CA23 07.06 09.06 10.06 1106 30.06 06.07 07.07 0107 09.07 PONI ROTTERDAM 01WA28 1107 01.08 0101 04 08 0108 HYK
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      Page 46 Advertisements Column 1
      595 46 HflmH I" VESSEL VOY TIGER BRIDGE 633N 03 04A)7 09-15/07 20 21/07 I TIGER WAVE 634N 06-09/07 14 19/07 24 264)7 I TIGER BAY 635N 12-134)7 17 2407 29 30/07 I TIGER ISLAND 636N 1516»07 20-25/07 30-31/07 I TIGER BRIDGE 638N 20 21/07 26-0108 06 07/08 I TIGER BAY 639N
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      Page 46 Advertisements Column 2
      1065 46 FREIGHT LINKS EXPRESS 62 Toh Guan Road, Singapore *****1 Tel *****66 (60 Lines) Fax: *****33 E-mail flesin@singnet.com.sg DIRECT CONSOLIDATION SERVICE TO ALEXANDRIA (ALY), ISTANBUL (IST), MALTA (MLA), BUENOS AIRES (BUE), SANTOS, BRAZIL (SSZ) VESSEL ETD SIN ETA ALY ETA IST ETA MLA ETA BUE ETA SSZ CONTSHIP ACTION VBl2O 06/07
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      Page 46 Advertisements Column 3
      1030 46 OOCL (Sinqopore) Pte Ltd CFS Keppel Distrpk 79 Anton Rood #21-04 (S) *****6 B* 513 #01-128 rfc CR NO **********0H W: 272 7827 For booking -JIU W: *****13 Fax 221 3942 Fax: 272 782$ YdY 00(11 (Malaysia) Sdn. Bhd. 4"W V&tt PfTAIING JAYA Tel: 03-756 776 FexK)3-7565 342 ca tt
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  • Page 47 Miscellaneous
    • Miscellaneous
      Page 47 Miscellaneous Column 1
      144 47 h <-) (o m w :Trn^l nOf 1 vIUP i LEGEND Thunderstorm Temperature o^. V Shower Weather W,nd d.rect.on w.th speed .n knots Rain I) Cloudy Sky Wove height Surfoce winds ore indicated by orrows which fly »,th the wind One fu. arde represents cakn or kght and variable wmds
      144 words
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      Page 48 Advertisements Column 1
      141 48 MV "NAPILI" VOY3 ARRIVED 27 JUNE 1998 Consignees of all damaged cargoes ex the captioned vessel is hereby notified that a general survey will be held on the 2 July 1998 *****200 hours at PT9. No further survey will be entertained thereafter. As Agents: "K" LINE KINKAI AB SHIPPING PTE
      141 words