The Business Times, 2 July 1998
1998-07-02
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The Business Times
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Title Section12 1998-07-02 1 THE BUSINESS TIMES MITA(P) 110/12/97 85C Internet: http://www.asial.com.sg/biztimes THURSDAY, JULY 2, 199812 words
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Article65 1998-07-02 1 srn MN6JO (+28.44) BT-SRI *****9 (+16.46) BTCOMP 938.75 (+29.87) BTMGA ***** (+29.81) C MARKET HOOD: Dp STOCK MARKET INDICES Wednesday Change KLSE COMP 471.23 +1559 NIKKEI *****.89 *532.62 HANG SENG closed SET INDEX dosed JAKAHTA COMP _.„466.54 10 62 MANIWCOMP 1,781.96 *21.83 TAIPEI WP1 dosed SEOUL COMP 315.5665 words
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Article85 1998-07-02 1 FOREX RATES uss s$ US$ 1.693 £(US$/S$ per 1.666 2.821 DM 1.811 0.935 YEN 138.4 1523* RM .4.180 0.405 HK$ 7.748 0.219 BAHT 42.30 0.040 RUPfAH 14,676 0.012* St to 100 units PKIME RATES SINGAPORE* 7 88 KliAfcA LL'MPtlR 11.50 JAKARTA 28 00 BANGKOK M75 MANILA 2290 HONG KONG85 words
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458 1998-07-02 1 Ruth Wong - Soft loans for some 20 critical projects, bat Bakun dam is out Front Ruth Wong in Kuala Lumpur MALAYSIA will set up a fund of 5 billion Malaysian ringgit (Ss2 billion) to revive stalled or deferred strategic infrastructure projects, as a further458 words
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Article, Illustration518 1998-07-02 1 AFP (SYDNEY] News Corp chairman and chief executive Rupert Murdoch has warned that Asia's economic crisis is highly dangerous and could unleash an unprecedented trade war. "This, I contend, is a tremendously dangerous time. We are dealing here with more thanAFP - 518 words
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Article53 1998-07-02 1 [WASHINGTON] The US Federal Reserve left interest rates unchanged yesterday after weighing the inflation risks from strong US economic growth against the potential damage from Asia's financial crisis. The decision left the target for the federal funds rate, a benchmark for overnight bank loans, at 5.553 words
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Article, Illustration810 1998-07-02 1 Anthony Rowley - Talk of permanent tax cuts buoys markets; yen firms From, Anthony Rowley in Tokyo JAPANESE financial markets could have turned around, with both share prices and the yen rising again yesterday as more details leaked out of the plan, due to be formallyAFP; Source: Bloomberg - 810 words
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Article, Illustration228 1998-07-02 1 [SINGAPORE] Share prices rose yesterday for the first time this week, with the benchmark Straits Times Industrials Index rising 28.44 or 2.7 per cent to 1,095.1. All major sectors ended higher, with property standing out with a gain of 5.23 per cent on the SESSource: Bloomberg - 228 words
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Page 1 Advertisements
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Advertisement149 1998-07-02 1 inside Feeling the beat US manufacturing activity dropped in June from May as exports are hit by the Asian crisis. This is the weakest performance in two years, Pg 10 On shaky ground One in 10 firms in a recent survey have retrenched staff in the first quarter of this149 words
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Advertisement34 1998-07-02 1 M&laysia'a interest rate strategy poses risks, Pg 11 i '•U -it iiiin." 11 ill mi. I 1111 IMI I IkWi Nlin I'l i/.i It\i I I i ill t' I > I n•, i\iii. in34 words
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SINGAPORE AT HOME & ABROAD
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447 1998-07-02 2 Audrey Tan - RDS finds companies ready to cut wage increases, bonuses; cap pay rises at 3% Audrey Tan ONE in every 10 firms retrenched staff in the first three months of the year, as companies became increasingly bearish over business prospects447 words
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Article, Illustration388 1998-07-02 2 Ang Wan May - By Ang Wan May EUROPE'S largest supermarket operators are descending on Asia with mega-million investments, but giving the saturated Singapore market a miss. Tesco pic, one of UK's largest supermarket chains, is sniffing out "opportunities" in Taiwan and South Korea, afterARTHUR LEE - 388 words
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342 1998-07-02 2 Conrad Raj - Conrad Raj PRICE Waterhouse and Coopers Lybrand will continue to expand, recruiting about 200 accountants a year, even after they merge to form Singapore's largest accounting firm. "We are still short of people, experienced people," Coopers chairman Chew Kia Ngee said in an interview342 words
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167 1998-07-02 2 NASDAQ-listed power protection products maker EFI Electronics has formed a regional sales arm in Singapore. EFI Asia Pacific, a 50:50 joint venture between EFI and local outfit Lim Kim Hai Electric, will in turn appoint companies in the region to distribute EFl's power167 words
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Article, Illustration531 1998-07-02 2 David Boey - Hug Kiang's remarks follow reports that HDB has cat prices By David Boey PRICES of new Housing and Development Board fiats fluctuate from quarter to quarter depending on location and other factors, said Lim Hng Kiang. Minister for National Development and Second Minister531 words
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273 1998-07-02 2 FOUR in 10 travel agents in Singapore lost money in their last financial year, and more than 30 have closed down in the last 18 months, a seminar heard yesterday. And those are but "conservative estimates" based on information from the273 words
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Article, Illustration336 1998-07-02 2 Audrey Tan - EYE ON THE ECONOMY Outlook Audrey Tan TAKING into account the official sec-ond-quarter growth estimate, a National University of Singapore (NUS) unit has forecast growth of 3 per cent for Singapore this year, way above the government's revised projection of 0.5-1.5 per cent.Source: OCBC - 336 words
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240 1998-07-02 2 AFX-Asia SINGAPORE Telecom will cut international direct dialling rates to seven countries by up to 20 per cent from Aug 1 in its second round of rate cuts this year. "This latest round of rate revision is theAFX-Asia - 240 words
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577 1998-07-02 2 Ronnie Lim - Shell cats prodactioa farther, a US firm "reviewing situation' Ronnie Lim A GLOOMY third quarter is looming for Singapore's oil refiners, following a volatile April-June period, industry officials said. "The higher margins seen at the start of the second quarter have577 words
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NEWS Roundup
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75 1998-07-02 2 PRIME Minister Goh Chok Tong, Law Minister and Foreign Affairs Minister S Jayakumar and former cabinet minister S Dhanabalan were sworn in yesterday as members of the Presidential Council for Minority Rights. Others in the 17-member council include Chief Justice Yong Pung How (chairman),75 words
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49 1998-07-02 2 SINGAPORE Power is giving a rebate package of about $81 million on electricity tariffs to all its customers in support of the government's off-budget measures to relieve the financial burden of businesses. The rebate takes effect from July 1 and lasts 12 months.49 words
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Article58 1998-07-02 2 THE government has awarded an $18.6 million contract for automatic fare collection gates for the Mass Rapid Transit's North-East Line (NEL) to Alcatel CGA Transport/Cegelec Singapore Joint Venture. It also awarded a $20 million contract for the supply and installation of automatic fare ticketing machines58 words
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Page 3 Advertisements
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Advertisement311 1998-07-02 3 I Some people get I I all the breaks. I n A^e t^iere ar e breaks and there are "Great Break's." This couple is enjoying a few months of travelling and taking advantage of the "Great Breaks" Promotion, it Great Break. We put the pleasure back into business with a311 words
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FOCUS: PROPERTY
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184 1998-07-02 4 INDUSTRIAL property rentals and capital values continued their slide in the second quarter amidst pessimism in the growth momentum of the manufacturing sector. According to property consultant Jones Lang Wootton (JLW), average monthly rentals for first-storey industrial space slipped 8.3 per cent184 words
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Article, Illustration340 1998-07-02 4 Ang Wan May - Price gap between leasehold condos and HDB executive flats narrows By. Ang Wan May [SINGAPORE! CHOICES have opened up for upgraders, with the price gap between leasehold suburban condominiums and HDB executive fiats having narrowed substantially to 67 per cent from 224 per centSource: Rechard Ellit - 340 words
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Article895 1998-07-02 4 Property transactions for districts 9 and 10 (sectors 22 to 23 and 24 to 27) lodged between May 30 and June 27 1998. EST TBM€ s*™ STHtfcl NAME TYPE DATE LAMO AREA* (SOFT) (STOU) (SJ) District 09 Adis Vrtlas Apt 23/04/98 FH V184 770 650 Aspen Ht Apt895 words
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Page 4 Advertisements
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Advertisement281 1998-07-02 4 5 mins walk to Toa Payoft MRT Station Doable road frontage at Loron« 4 A 5 Toa Payoh •Land area: 44,510 mil Floor area: 25.000 tqft Ground rant $12 p.a. Planning approval obtained lor an 8-ttorey building ol GFA 111,000 sq ft Sale Price: $8.98 million Exclusive Marketing AgnU: Em281 words
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Advertisement106 1998-07-02 4 Prime JTC Factory Plots at Gul FOR SALE Built-in (sq ft) Land area (sq ft) Tanura Plotl 32,705 92,121 30+30 yrs wef 1980 Plot 2 16,867 41,150 30+30 yrs wet 1977 Plot 3 17,842 41,372 30+30 yrs wef 1977 Total 67,414 174,643 3 plots can be sold separately or as106 words
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Page 5 Advertisements
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Advertisement336 1998-07-02 5 With extension numbers as short as 3 digits, you wiH enjoy: Ease of calling fljl j Ease of remembering your contact number tl lUm, 0 Quicker way of calling 11 Reduction of airtime charges t IWJJSBWWWWWSBffI \fm£&M&\ L First, we brought you Phone Net the virtual PABX with unlimited expansion336 words
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MARKETS IN TURMOIL
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425 1998-07-02 6 Hyundai union staff on strike for second day; other onions plan action AFP [SEOUL] South Korean prosecutors yesterday launched a crackdown on bank employees resisting forced closures as the government's reform drive ran into challenges from labour unions. Union workers atAFP - 425 words
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263 1998-07-02 6 AFP [JAKARTA] Indonesia's at-torney-general Andi Ghalib yesterday said his department will conduct an audit on 13 foundations run by former president Suharto and announce the results publicly. "The attorney-general's team is investigating all the existing foundations. We will coordinate with all parties and conductAFP - 263 words
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173 1998-07-02 6 Bloomberg [JAKARTA] Pertamina, Indonesia's state oil and gas monopoly, has cancelled a contract with PT Humpuss, a company controlled by former president Suharto's youngest son, said Pertamina president Sugianto. Humpuss, controlled by Hutomo Mandala Putra, better known as Tommy Suharto, failed to fulfill its obligations inBloomberg - 173 words
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354 1998-07-02 6 He also tries to allay Seoul's concerns over US-China ties Bloomberg [SEOUL] The collapsing South Korean economy is "like an iceberg breaking up", a necessary precondition to recovery, US Treasury Secretary Robert Rubin said. Facing a deep recession, banks have all butBloomberg - 354 words
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Article, Illustration152 1998-07-02 6 AFP [JAKARTA] Indonesia's economic crisis has pushed the ranks of the country's poor to 40 per cent of the population, or some 80 million people, from only 11 per cent in 1997, a minister said yesterday. The comments came from Food and Horticulture MinisterAFP; REUTERS - 152 words
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448 1998-07-02 6 Hariah Mehta - China Light Power beats S'pore Power Intl, 3 other firms with USs24om offer From Hariah Mehta in Bangkok HONGKONG'S China Light Power Ltd has bought a U*****.97 million (*****.8 million) stake in Thailand's state-owned power producer. Electricity Generating pic (Egco), beating out448 words
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442 1998-07-02 6 No easing of interest rates till rnjriah recovers: Sjahril Reuters [JAKAßTA] Indonesia's central bank yesterday called on politicians for help to stabilise the collapsing economy and warned that interests rates would have to stay high to defend the rupiah. Central bank governorReuters - 442 words
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Article375 1998-07-02 6 AFP [BEIJING] China is counting on its latest interest rate cut, which went into effect yesterday, to counter the effects of the Asian financial crisis and push economic growth back to the 8 per cent target for the year, analysts said. China's central bankAFP - 375 words
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330 1998-07-02 6 Hotel stay, meals free this month on a day to be announced at short notice Reuters [JAKARTA] Indonesia yesterday announced measures aimed at enticing back tourists scared off by riots and political instability, including one day this month when all tourist services will beReuters - 330 words
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226 1998-07-02 6 Reuters [BANGKOK] Thai inflation surged slightly more than expected in June due to water and food price hikes, and increased pressure from higher wholesale prices for construction materials and consumer products. The Thai Commerce Ministry said yesterday the June consumerReuters - 226 words
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REGION
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Article568 1998-07-02 7 Loh Hui Yin - Chinese president says central govt will see HK through economic crisis Prom Loh Hui Yin in Hongkong CHINA will back Hongkong's efforts to pull through its economic slump. President Jiang Zemin pledged yesterday, and affirmed that the Chinese government will not devalue its currency, the568 words
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Article, Illustration403 1998-07-02 7 Catherine Ong - Catherine Ong [SINGAPORE] Hongkong's most senior official in Singapore yesterday rebutted criticism that the Tung Chee-hwa government had not risen to the task in the first year of the territory's reversion to Chinese rule. "Let's be fair, a lot of the events caughtCHRIS LOH - 403 words
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Article, Illustration993 1998-07-02 7 Yang Razali Kassim - The sultan adopts a hands-on approach as regional crisis bites ASIAN VIEW By Yang Razali Kassim BRUNEI is probably one of the most peaceful places in the world. Since ancient times, it has been remarkably insulated from the tumults of the surrounding South-east Asian region. Its993 words
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328 1998-07-02 7 MANILA Subic Bay authority chairman Richard Gordon removed AFP PHILIPPINE President Joseph Estrada began his first full day in office on Tuesday by firing an old political rival, Richard Gordon, from the plum post of administrator of the Subic BayAFP - 328 words
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Article120 1998-07-02 7 KUALA LUMPUR Bernama MALAYSIAN Deputy Prime Minister Anwar Ibrahim said yesterday there is a conspiracy to tarnish his image and undermine his position. He said this is the motive behind the book titled 50Dalil Mengapa Anwar Tidak Boleh Jadi PM (50 Reasons Why Anwar CannotBernama - 120 words
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235 1998-07-02 7 KUALA LUMPUR Bernama THE Human Resources Ministry will forward an official request to the Singapore government to allow workers from Peninsular Malaysia to withdraw their contribution from the republic's Central Provident Fund (CPF) once they cease working there. Human Resources Minister Lim AhBernama - 235 words
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Article599 1998-07-02 9 SHANGHAI Failure to renew status will sever economic ties, cnt US out of huge market Reuters US President Bill Clinton relayed a warning for the US Congress from Shanghai yesterday that failure to renew favoured nation trade status for China for another year would cutReuters - 599 words
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Article, Illustration759 1998-07-02 9 Lu Ning - CHXNA WATCH Televising Clinton's speech and press conference has made his visit a huge success By Lu Ning IT is a pity that visiting US President Bill Clinton has so far not dropped into a Chinese bookstore. If he did, he might have759 words
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Article, Illustration72 1998-07-02 9 [SYDNEY] A conservator of the Australian Museum inspecting the coffin oftheAmun Driest /^£h 0t t e Pfro™ar°undl0™ar°undl 000 BC. The coffin of a young woman called Takhateru from about 900BC stands to the left. More than 300 ancient Egyptian artifacts spanning 3,5008 C to 450 ADAFP - 72 words
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Page 7 Advertisements
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Advertisement95 1998-07-02 7 Tung Chee-hwa's next test, Editorial Pg 11 EXCITING NEW CREATIONS AT J.P. BASTIANI TP tfastiani Mediterranean personality. Now you can enjoy his Restaurant is proud to introduce new signature creations, like Warm Qoat Executive Chef v leese a#,< Andrew Clayton Sjfl Ujk M t I Mushroom Tart, exciting new dishes.95 words
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Page 8 Advertisements
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Advertisement21 1998-07-02 8 B MMMM—iia "ill ONLY a N HP NETSERVERS I h BBg BfHifettdl ft 2 A commitment fRn HP carved in stonei3||^^HßKHHGßH|^BiHH21 words
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Page 9 Advertisements
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Advertisement207 1998-07-02 9 jmrnmammmmmrnmrnm i> U a I r a a i i"irtHKm*" -a-* Vwro^ CYCLE C AgR RIA 8 E. FIRST CLASS FOR CARS. L***. A', .>*■,<■/"* ,tt fTt i f' 1 -'>»---" rrr s* 4 m*k&& ?;.A vj- i; ;.v &&«Sfe A.A Ww ,f foT-» v "i'>\ 1 Hw 5 11207 words
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REGION/WORLD
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554 1998-07-02 10 WASHINGTON Impact of Asian crisis and 6M strike cited; Conference Board sees growth moderating Reuters Bloomberg US manufacturing activity contracted in June from May as the crisis in Asia took its toll on exports the weakest performance in almost two years. TheReuters; Bloomberg - 554 words
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505 1998-07-02 10 LONDON Bloomberg UK manufacturing shrank at the fastest rate in more than two years last month, as a strong pound and the economic slowdown in Asia cut into exports, the Chartered Institute of Purchasing and Supply (CIPS) survey said. The CIPS seasonally adjusted indexBloomberg - 505 words
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231 1998-07-02 10 LONDON Reuters LESS than half of British exporters are preparing for the single European currency even though a majority of them now favour the project, according to an Institute of Export/NCM poll released yesterday. With only six months to go before theReuters - 231 words
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331 1998-07-02 10 BRUSSELS Reuters THE European Union yesterday said it had asked for a World Trade Organisation dispute settlement panel to probe what it alleges is an unfair, US$2 billion (553.4 billion) a year export subsidy for US companies. The EU maintains that taxReuters - 331 words
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175 1998-07-02 10 FRANKFURT Reuters GERMANY'S manufacturing sector grew in June at the highest rate this year, but analysts said subdued inflation suggested no domestic need for higher interest rates. The BME/Reuters Purchasing Managers' Index released yesterday jumped to a seasonally-adjusted 56.33 in June from May's revisedReuters - 175 words
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515 1998-07-02 10 FRANKFURT It will need crisis funds if Russia borrows a lot more AFP THE International Monetary Fund (IMF) is running out of cash and if it makes another huge loan to Russia it will have to activate refinancing provisions, director general Michel CamdessusAFP - 515 words
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Article, Illustration355 1998-07-02 10 MOSCOW Bloomberg RUSSIA faces a "grave situation" unless it quickly passes measures to raise revenue and secure a loan of as much as US$l5 billion (5525.4 billion). Prime Minister Sergei Kiriyenko warned parliament yesterday. As Mr Kiriyenko painted a stark picture ofBloomberg; REUTERS - 355 words
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Article, Illustration80 1998-07-02 10 ALTHORP. England] Everything is in place—a museum, a templefor prayer, a cafeteria, souvenir shop and in the distance the tomb of Diana, Princess of Wales prior to the opening of the exhibition dedicated to her. Althorp House, home of the Earls of Spencer for generations, threwAFP - 80 words
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349 1998-07-02 10 I SYDNEY One Nation's platform draws quick condemnation AFP POPULIST politician Pauline Hanson yesterday unveiled her party's immigration policy under which refugees would be expelled from Australia once conflict is resolved in their homeland. The 10-point agenda, which One Nation partyAFP - 349 words
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137 1998-07-02 10 PARIS Bloomberg FRANCE will sell 87 per cent of Groupe des Assurances Nationales (GAN) to Groupama Assurances for 17.25 billion francs (Ss4.B billion) to form the No 4 French insurer. After the acquisition, Groupama will have eight million clients and revenue of 78.5Bloomberg - 137 words
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Page 10 Advertisements
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Advertisement90 1998-07-02 10 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong •Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For90 words
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EDITORIAL & OPINION
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Article, Illustration818 1998-07-02 11 Vikram Khanna - THE BOTTOM LINE OPINION By Vikram Khanna The writer is BT's regional economics editor IN recent days, Malaysia appears to have decided to defy the conventional wisdom on interest rate policy by priming the monetary pump. On June 18, it unveiled a 7 billion818 words
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Article88 1998-07-02 11 'What China is doing suits China What Japan is doing arguably suits Japan. What the United States is doing is designed to suit the United States. We're in a geopolitical environment full of self-interest here.' Chris Tinker head of regional economics at ING Barings in Hongkong. 'Hongkong88 words
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Article557 1998-07-02 11 EDITORIAL THERE were scattered protests against Chinese President Jiang Zemin in Hongkong yesterday as the Special Administrative Region celebrated its first year under Chinese rule. That these protests, part of Hongkong's colourful lifestyle under British colonial rule, continue under Chinese sovereignty, should be proof enough that557 words
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Article, Illustration1235 1998-07-02 11 Shoeb Kagda - Nationalists, Islamists, minority parties vie to form the next government of Indonesia By\ Shoeb Kagda The writer is BT's Jakarta correspondent FOR the past 32 years, one man stood at the centre of Indonesian politics. He determined how the country's political system would operate. Every important policyFILE PHOTOS - 1,235 words
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Article848 1998-07-02 11 HE'S weak consumer laws NOTHING more graphically illustrates the inadequacies of the present consumer regulations than the fine imposed on Hongkong Telecom for its blatant and continuous breach of the rules. When a company with assets of billions can only be fined HK$2O,OOO (554,380) for anti-competitive848 words
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Page 11 Miscellaneous
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Miscellaneous39 1998-07-02 11 POOwbSBuhT By Garry Trudeau UNFORTUNATm.WZ ONLY HAVE ///W y orrAll OF rUF WHATU£'R£&£/NG /5 W WHY? W UM m MtZ 19 the most systematic I whatp that f OBSTRUCT/ON OF JUSTICE OFajNTON ANPH/SCKON/BSf i I 1 J j 139 words
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EXECUTIVE LIFESTYLE
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Article, Illustration943 1998-07-02 12 Rob Hughes - Thanks to coach Hiddink, the Dutch Oraqjehave buried Euro 96 memories of a racist rift By\ Rob Hughes The writer is sports correspondent for The Times of London. IHT [SAINT ETIENNE, France] Orange is the colour of the Dutch, but it is the rediscoveryIHT; REUTERS - 943 words
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Article, Illustration836 1998-07-02 12 CHRIS MATYSZCZYK - WORLD CUP 98 It was a night of extraordinary hope and England spoilt it all, says obbsb matvszcztk CHRIS MATYSZCZYK The writer, a member of the British Sports Writers Association, is a creative director based in Warsaw. HOW can it be that the most wonderful, pulsating moments inREUTERS - 836 words
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Article, Illustration964 1998-07-02 12 PROFILE Broadway play sees actor getting into and ont of psyche of broken writer NYT [NEW YORK] Liam Neeson didn't look so scary. The large, almost lumbering screen presence from films like Schindler's List and the current Les Miserables just seemed tall and slim inNYT; FILE PHOTO - 964 words
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Page 13 Advertisements
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Advertisement370 1998-07-02 13 Buy It. Sell It. Find It. Classified. CATS-l Call Today For Results Tomorrow. 1800-*****66 Where to wine, dine and entertain... @»fSaSSr Saf 1 "p- SEt Featuring New Zealand Rock Oysters, Rock Crabs, Green Mussels, Crayfish and Tiger Prawns on Ice, cooking-on-the-spot of Sauteed Sliced Emu Meat in Black Pepper Sauce,370 words
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Advertisement100 1998-07-02 13 DISCOVER THE NEW LOOK Pine Court Chinese Restaurant WHERE DINING IS TRULY A BEAUTIFUL EXPERIENCE Por reservations please call SSI 6Mt 831 MM —ftte- m 333 Orchard Road Singapore iSIM7 Tel 737 4411 15 Jgn« 31 July 25% off buffet lunch dinner Daily "Bargains of the Day" with 50% off100 words
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Page 13 Miscellaneous
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Miscellaneous636 1998-07-02 13 TV&RADIO Premiere 12 b y Acapulco HEAT: 9.00 Return of the Condor o m tv Code Name: Matador. Heroes. i,*iiii:¥MTriT7»r3^^ a nil ly innovations. 3.00 News 5 Today followed 10.00 News In Mandarin. Kidz Blitz: Space by Afternoon At The 10.30 Vampire Expert 11. ~f t ts n Movies —Go636 words
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Miscellaneous289 1998-07-02 13 CRYPTIC CROSSWORD bloomer |Hj aBF 5 SI ightly sooner (6) —JBl— 9 Invoice pirate captain for gar- I 1 den ing tool (8) 12 Working calls made by canons 13 Burly but brainless band (8) 15 Some brought round a cat for I I dissection (7) 16 Man joins party289 words
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MOTORING
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BUMPER to BUMPER
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Article75 1998-07-02 14 CYCLE CARRIAGE is preparing a road show for the revolutionary Mercedes-Benz A-class, a model about the length of a Nissan March but packing a lot more room and vroom. The Category 2 car is slated to arrive in the next few months, and will be75 words
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Article92 1998-07-02 14 PORSCHE Ag will be creating 250 jobs for engineers at its research and development centre in Weissach. The sports car maker is currently looking for specialists in the areas of body, running gear, engine and gearbox design, as well as electric/electronic systems development. The management has92 words
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74 1998-07-02 14 VOLKSWAGEN Ag, which has been in China for 20 years, expects interim sales in the mainland to rise by 7.1 per cent to 153,000 units for the period ending June 30. The figure would account for 58 per cent of the total market. In a74 words
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112 1998-07-02 14 AUDI Ag is poised for a more profitable year. During its recent annual general meeting, chairman Franz-Josef Paefgen said he expects margins from sales to exceed the 5 per cent achieved last year. Turnover for 1998 is forecast to surpass 25 billion Deutschemarks (5523.5112 words
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Article71 1998-07-02 14 NISSAN Motor has announced that it had reached a mutual agreement with UK engineering company TWR not to renew their two-year motorsports activity contracl beyond July, according to an AFX report. The two jointly developed the Nissan R39OGTI that took part in the 1997 and71 words
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112 1998-07-02 14 Christopher Tan - Compiled by Christopher Tan VOLKSWAGEN could produce a V 8 Passat, according to board member Martin Winterkorn, quoted in Forbes Global recently. This is slated for 2000. when the VW Passat will also be made larger than it is today. The top engine currently112 words
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Article, Illustration722 1998-07-02 14 Christopher Tan - Volvo spurns the super-luxury league to remain a niche plaver Christopher Tan [GOTHENBURG, Sweden] SIZE has nothing to do with profitability and competitiveness, according to Tuve Johannesson, president and chief executive of Volvo Car Corp, adding that the Swedish maker has no intention of becoming a mass-marketCHRISTOPHER TAN - 722 words
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454 1998-07-02 14 Christopher Tan - Mercedes sales of Advance Automobile have ground to a halt, says MD By* Christopher Tan [SINGAPORE] Things just haven't been working out for Advance Automobile. First the company lost its Citroen distributorship, then another party took its Peugeot franchise. Backed into a corner, Advance454 words
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Page 14 Advertisements
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Advertisement141 1998-07-02 14 AU nems mm travels *>•&*.%»! v fast .U ■r -._—x IN SINGAPORE, when you want to reach out to a Ship Sales Tanker Rates. Aircraft Arrivals select target audience m the transport and logistics Departures, Regional Weather Reports, Local Ships in industry, only one daily offers you the advantage Port141 words
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Advertisement100 1998-07-02 14 In business, being at the right place at the right time with the right crowd is critical. Our Special Features can help you get there. The right place, because the editoral focus complements your advertisement. The right time, because our special features are specially planned to coincide with specific events,100 words
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COMPANIES & MARKETS
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Article, Illustration514 1998-07-02 15 Jennifer Lien - Printed circuit board assembly equipment will boost its capacity by 15% By, Jennifer Lien [SINGAPORE] Nat Steel Electronics Ltd (NEL) yesterday said it had bought some printed circuit board assembly (PCBA) equipment and spare parts from Apple Computer's Cork, Ireland, plantALBERT SIM/ST - 514 words
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300 1998-07-02 15 Jenny Lam - Earnings would have risen 26% if not for 2 non-recurring items fiy, Jenny Lam [SINGAPORE] Books and stationery distributor Popular Holdings yesterday posted a 4.9 per cent rise in net profit to $8.2 million for the year ended April 30, 1998. Group300 words
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Article248 1998-07-02 15 Without exceptional item, profit would have dropped 26% Bernama [KUALA LUMPUR] O'Connor's Corporation Bhd (OCB) has recorded a 64 per cent increase in group pre-tax profit to 21.7 million Malaysian ringgit (SsB.B million) for the first half-year ended March 31, 1998, from RM13.2 million previously.Bernama - 248 words
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246 1998-07-02 15 Proton parent posts RM26m full-year loss as slump hits car, property sales Bloomberg [KUALA LUMPUR] Diversified Resources Bhd, a Malaysian auto and real estate company also known as DRB, said it posted a loss of 109.8 million Malaysian ringgit (5544.3Bloomberg - 246 words
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662 1998-07-02 15 Jenny Lam - HOCK LOCK SIEW Jenny Lam CK Tang's recent shock announcement that it has incurred a whopping $47.6 million full-year loss, of which about $30 million was for provisions, has led some market sceptics to wonder if it is too late662 words
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198 1998-07-02 15 Edmund Loh - !ty\ Edmund Loh [SINGAPORE! Inchcape Motors is selling its majority stake in a distribution and marketing company in Brunei to Inchcape Marketing Services Ltd (IMS). Mainboard-listed Inchcape will be paid $5.2 million for the 70 per cent stake based on Inchcape Borneo Sdn198 words
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REGIONAL COMPANIES
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Article, Illustration639 1998-07-02 16 Sale of shipping business will hurt revenue; Mirzan may sell own assets Reuters [KUALA LUMPUR] Malaysian cargo transporter Konsortium Perkapalan Bhd aims to become the region's top logistics firm after selling its shipping fleet, its chairman Mirzan Mahathir said yesterday. While theReuters; FILE PHOTO - 639 words
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239 1998-07-02 16 Bernama [KUALA LUMPUR] Perdana Industri Holdings Bhd's consolidated pre-tax loss for the year ended March 31 widened 123 per cent to 36.2 million Malaysian ringgit (5514.6 million) from RM16.3 million previously. Group turnover fell 27 per cent to RM15.7 million from RM21.6Bernama - 239 words
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561 1998-07-02 16 Bloomberg [MELBOURNE] Broken Hill Proprietary Co chairman Jerry Ellis should step down once a new chief executive is settled in at Australia's largest resources company, some of the company's biggest shareholders said. Mr Ellis yesterday began visiting shareholders toBloomberg - 561 words
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263 1998-07-02 16 It is the first foreign securities firm to cater to Japanese individuals Bloomberg [TOKYO] Merrill Lynch Co, the United States' largest brokerage by sales, opened its first retail office in Japan yesterday in Nagano, the site of this year's Winter Olympics.Bloomberg - 263 words
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328 1998-07-02 16 Shares np on possible interest from Europe, N America Bloomberg [JAKARTA] PT Semen Gre sik's shares soared as much as 10 per cent as investors bet the government would fetch a good price in the sale of part of its stake inBloomberg - 328 words
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Article291 1998-07-02 16 Bloomberg [BANGKOK] Toyota Motor Corp, Japan's biggest auto manufacturer, lifted its stake in a Thai affiliate to 94 per cent, buying more shares to help the company ride out a recession. Toyota Motor Thailand Co raised 4 billion baht (*****.7 million) by selling sharesBloomberg - 291 words
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170 1998-07-02 16 Bloomberg [SEOULJ Korea Telecom said it sold its entire 49 per cent stake in Miditel SA to the Mexican company's major shareholders for U5549.5 million (SsB3.t million). The biggest telephone operator in Korea said the sale is part of its drive to downsize costly overseasBloomberg - 170 words
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307 1998-07-02 16 Bloomberg [TOKYO] Kokusai Denshin Denwa Co (KDD), Japan's former monopoly provider of international phone service, entered the domestic market yesterday, to offset the plunge in profits of its core international service, which faces increased competition from overseas companies. KDD, Japan's largest international phone company, reportedBloomberg - 307 words
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165 1998-07-02 16 Reuters [JAKARTA] The share price of Indonesia's largest noodle manufacturer, PT Indofood Sukses Makmur, jumped nearly 7 per cent yesterday in heavy volume on market talk of possible stake sales. At around 0430 GMT, the counter was up 100 rupiah at 1,550 rupiahReuters - 165 words
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COMPANY Briefs
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Article78 1998-07-02 16 [SINGAPORE] OCBC Bank is opening its Taipei branch today. The bank said it was granted a full banking licence by Taiwan's Ministry of Finance. The branch, which upgrades OCBC's representative office there, will offer a wide range of commercial and trade financing services. It will be78 words
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42 1998-07-02 16 [SINGAPORE] Henry Lira Song Joo has joined Singapore Technologies Industrial Corporation (STIC) as director (strategic development) from yesterday. Mr Lim has resigned as deputy chief executive of ST Computer Systems and Services, a subsidiary of STIC.42 words
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42 1998-07-02 16 [SINGAPORE] Omni Mold said Chen Wu-Chang has resigned and retired as chairman of the company. Steven Kent Uhlmann has been appointed chairman. The company added that following his retirement, Mr Chen has been appointed deputy chairman.42 words
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Article35 1998-07-02 16 [SINGAPORE] FJ Benjamin Holdings said Caroline Cheung has relinquished her post as a member of the executive committee of the company as well as her role as executive vice-president (international duty-free).35 words
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Article58 1998-07-02 16 AFX-Asia [SINGAPORE] Singapore Airlines unit Singapore Aircraft Leasing Enterprise (Sale) said it has appointed Robert Martin managing director, replacing John Willingham. After four years at Sale, Mr Willingham will return as chief operating officer of Bouillon Aviation Services Inc. one of Sale's major shareholders. MrAFX-Asia - 58 words
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COMPANIES
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496 1998-07-02 17 New technologies, globalisation, strong stock markets, led to U*****.5b in deals Reuters [NEW YORK] The strongest currents propelling world commerce, including new technologies, robust equities markets and globalisation, converged in the first six months of 1998 to driveReuters - 496 words
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514 1998-07-02 17 Analysts expect it to earn less than Ford, Chrysler for first time since Q***** Bloomberg [DETROIT] General Motors Corp said the strikes crippling its North American production cost it US$l.lB billion (Ss2 billion), or US$l.79 a share, in the second quarter,Bloomberg - 514 words
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Article, Illustration75 1998-07-02 17 [RAYONG, Thailand] Thai Prime Minister Chuan Leekpai sitting in a Ford pick-up truck produced by Auto Alliance (Thailand) Co Ltd (AA T), a car assembly joint venture between Ford and Mazda at a plant, in Thailand's eastern Rayong province yesterday. The AA Tplant isREUTERS - 75 words
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379 1998-07-02 17 Its USs6Bm loss compares with USsls6m profit in the ye&r-ago period Reuters [SEATTLE] Athletic apparel giant Nike Inc posted a fourth-quarter loss on Tuesday and said advance orders fell sharply from year-earlier levels as the battered Asian region showed no signs of rapidReuters - 379 words
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268 1998-07-02 17 Reuters [MUNICH] Compaq Computer Corp said on Tuesday it would report a net loss this year, resulting from US$4.7 billion (557.9 billion) in restructuring charges and writeoffs in connection with its takeover of Digital Equipment Corp. Compaq chief executive officer Eckhard PfeifferReuters - 268 words
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297 1998-07-02 17 LAT-WP [NEW YORK] Hilton Hotels Corp announced on Tuesday it will split its hotels from its gaming business and pay US$l.2 billion (Ss2 billion) in stock and debt to acquire some of the assets of Grand Casinos Inc. This is the most significantLAT-WP - 297 words
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Article, Illustration507 1998-07-02 17 Lacklustre movies, slow product sales in Asia spark 2nd wave of cuts in 3 weeks Reuters [LOS ANGELES] Shares of Walt Disney Co fell sharply on Tuesday after several Wall Street analysts cut fiscal 1998 earnings estimates, prompted by lacklustre movieReuters - 507 words
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FINANCE & COMMODITIES
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447 1998-07-02 18 Catherine Ong - Debut may be aided by possible slowdown in US, good business climate at home H>r Catherine Ong A POSSIBLE slowdown in the US economy next year, coupled with healthier economic trends in euroland, indicate a strong euro at launch, according to447 words
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274 1998-07-02 18 Soh Tiang Keng - Jane was busiest month in futures market's history By\ Soh Tiang Keng [SINGAPORE] The Singapore International Monetary Exchange has reported robust trading growth for the first half-year, with June emerging as the busiest month in the exchange's history. In June, 12 records274 words
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Article, Illustration271 1998-07-02 18 Bloomberg [SEOUL] South Korea said almost a third of the loans at its 12 weakest banks may never be recovered, putting their survival in doubt. The banks had a combined 43.7 trillion won (5553.8 billion) of bad debts, orBloomberg; REUTERS - 271 words
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247 1998-07-02 18 NYT [NEW YORK] In a high stakes game of musical chairs, Credit Suisse First Boston has hired the leaders of Deutsche Bank's global high-technolo-gy banking business. The new hires, which were to be announced yesterday, are an effort by Credit Suisse to buildNYT - 247 words
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365 1998-07-02 18 It says business loans conld torn sour if economy weakens and profits fall LATWP [WASHINGTON] The Federal Reserve Board warned Tuesday that some US banks have relaxed their lending stan dards too far during the current economic boom. It asked federal bank examiners toLATWP - 365 words
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178 1998-07-02 18 Reuters [TOKYO] Japanese electronics giant Sony Corp yesterday unveiled plans to enter the non-life insurance business in the latter half of 1999. The move comes at a time when Japanese deregulations in the non-life insurance sector have prompted new entrants from major life insurersReuters - 178 words
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224 1998-07-02 18 Reuters [LONDON] Cocoa rose almost 2 per cent, its biggest increase in more than seven weeks, on concern drought earlier this year reduced the recent harvest in Ivory Coast, the world's largest cocoa producer. Analysts say that dry weather between November and MarchReuters - 224 words
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261 1998-07-02 18 Sim fin Report Reuters [SINGAPORE] Simex Japanese government bond futures weakened yesterday as market players sold bonds and dived into the Nikkei after hopes of permanent income tax cuts were rekindled. Japanese Finance Minister Hikaru Matsunaga said the ruling Liberal Democratic PartyReuters - 261 words
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232 1998-07-02 18 ENERGY REPORT Reuters [LONDONJ World oil prices held steady yesterday as traders waited for production cuts agreed last week by Opec to eat into oversupply. Opec members Nigeria, Iran and non-Opec Oman confirmed their cuts yesterday, notifying buyers that exports would be curbedReuters - 232 words
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Article, Illustration1283 1998-07-02 18 DITERBAIfK CROSS RATES M A$ C$ gwti ECU Ffr Dw HK$ lad Is Euptah Yw Won Ml m$ PH IU Pwo S$ Band Sir «T$ Bafct Hmd USS 0.912 6.178 0.568 3.749 1126 4.818 26.267 91.256 0.861 8.522 2.599 1.188 28.723 25.726 1.053 3.796 0.947 21.367 26.304 0.373 0622 SSJ?1,283 words
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Article265 1998-07-02 18 Reuters AFP London THE Japanese currency rallied to a one-week high against the dollar and mark amid growing expectations the Japanese government would cut taxes and take action to clear up its banking system. The optimism about the Japanese moves helped the yen consolidate its recovery from Monday'sReuters; AFP - 265 words
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Article1794 1998-07-02 19 SICOM FUTURES RUBBER (futures closing »s at 5.30pm) RSS1 CONTRACTS ct<its/kg) Close Volume Open onth High Low Sett (tonnes) Interest *"9 9 8 12U5 ii9j50 ***** 50 340 98 121.50 121.50 122.50 50 340 Oct 98 123.75 1550 No* 98 125.25 1550 Dec 98 126.75 1550 Jan/Mar 991,794 words
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Article2320 1998-07-02 19 LONDON Industrials J* 1 1 P«KI 31 Group 610.000 -3.000 AB Ports 328.000 -5.000 Abbey National 1074.500 4.500 Allied Dom«cq 554.000 -5.400 Amtc 172.000 1.000 Asda Croup 203.600 -2.000 BAT hid 609.400 12.000 BG PIC 356.000 9.000 BICC 131.000 3.000 BOC Croup 848.000 31.600 BP Petroleum 900.0002,320 words
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Article1625 1998-07-02 19 Bloomberg Q Nikkei 225 +532.62 STOCKS rallied for a sixth day as the Nikkei 225 surged to its highest in two-and-a-half months amid growing confidence the government's plan to revive the economy will succeed. The Nikkei 225 surged 532.62 points to 16,362.89, its highest since April 10. "People areBloomberg - 1,625 words
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Article, Illustration731 1998-07-02 20 Bloomberg AFP M Composite Index +10.62 INDONESIAN stocks surged on optimism Japan will unveil policies designed to boost its economy and strengthen the yen today, moves that will likely stimulate Indonesia's economy and currency. "If the yen strengthens, it'll be enough to lift off the pressure," on the IndonesianBloomberg; AFP - 731 words
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Article411 1998-07-02 20 AFP Composite Index +17.68 SOUTH Korean share prices closed yesterday higher on the yen's recovery as investors actively bought shares to take advantage of the chc;ip prices after recent losses. Dealers said investors were now not overly focused on tough economic reforms. "Though concerns over the fallout from theAFP - 411 words
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Article707 1998-07-02 20 AFP Bloomberg All Ordinaries *31 SHARES rose on the first day of the new financial year, as capital flowed back into Australia yesterday on the back of a stronger currency. The All Ordinaries Index rose 31 points to 2.699.4 points. The All Industrials Index gained 39.7 points to 4,728.7AFP; Bloomberg - 707 words
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Article274 1998-07-02 20 AFP Q Wellington +4199 NEW Zealand stocks jumped yesterday as the local dollar rallied on lower interest rates and buying came back to the market, dealers said. The NZSE-40 Index was up 43.99 points at 2.008.58 points. Turnover was NZ5120.4 million. Telecom ordinary shares were up 28 cents atAFP - 274 words
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Article373 1998-07-02 20 Reuters Shenzhenßlndex SHENZHEN'S domestic currency A Share Index closed lower yesterday despite a cut in bank interest rates as rumours of official investiga tions into speculative trading hurt sentiment, brokers said. The A Share Index slid 5.87 points to 426 07 on turnover of 3.9 billion yuan. There wasReuters - 373 words
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Article302 1998-07-02 20 AFP Q Manila +2L83 PHILIPPINE share prices closed higher yesterday in response to a rising Japanese yen. The Philippine Stock Ex change Index gained 21.83 points to 1.781.96. Volume fell to 408 million shares worth 753 million pesos. Philippine Long Distance Telephone Co rose 30 pesos to 980 AFPAFP - 302 words
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KUALA LUMPUR STOCK MARKET
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Article8816 1998-07-02 21 Transaction date: Jul 1 INDUSTRIALS Consumer products 1998 Last Vol Day Net Cap Mtqft Loo Company Sal* OOO High Low P/E $mll 310 180 A,inomoto 218 12 0 88 4 148 58 Anqkasa 60 2 1 60 60 1.4 88.5 290 123 Apollo Food Hlq 142 4.1 56.8 388 1908,816 words
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Article, Illustration432 1998-07-02 21 Q Composite Index +15.59 MALAYSIAN share prices rebounded to close 3.4 per cent higher yesterday boosted by strong gains in the Japanese stock market and a recovery in the yen. dealers said. The upsurge on late buying support was also in anticipation of positive news from432 words
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WARRANTS&OPTIONS
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Article3415 1998-07-02 22 BONOS, LOANS WARRANTS m "98 Last Vol Day Last Ouota Avq High Low 5tno Company Solo ♦Of- COOO) Hlqh Low Buyor Sailor Prtco 23.5 9 m 3000 m AMOB c5.5%*****6 10 10.5 13 20.5 5 3160 *Acor ******1 US$ _6.5 5 7 95 8 5 3164 Acma ******4 10.5 0.53,415 words
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Article200 1998-07-02 22 R Sivanithy - WARRANT WATCH R Sivanithy THESE days, it's almost the norm to find warrants that are out-of-the-money, or those which have exercise prices above their underlying share prices. In fact, it would not be an exaggeration to say that almost the entire warrant sector has200 words
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Article2377 1998-07-02 22 Transaction date Jul 1 MALAYSIAN STOCKS Cf Gr u ,9 1 Last Vol Day Last Ouote Otv Dtv Vld Nat M Cap High Low Stno Company SoK COOP) High Low Buyer Seller C'vr Sfc P/E $m« ,3S 28 m 5000 AISB 50c 49 62 49 47 4el 4*52,377 words
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5413 1998-07-02 23 Hloh ,W, u U,t w Day Lot Ouote OW Dlv VW N.t Cm AV Low StNo Company Sale COOP) High Law Buyer Seller C'vr P/E Smll Prk INDUSTRIALS 43 8 1020 ACE Dynamic$2Oc.... 14 unch 3 14 14 14 14.5 0.1 16.5 0.1 175,413 words
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Article1170 1998-07-02 23 stNa Cmwt. sil' rZ&x P T L»1 Owot. ON Wv VW Nat cJJ A™ mgn low StlM Campany Sal* COOP) H>» Law Buyer Sa«ar C'vr H P/f $m« Prtca 134 SO 2000 ABR Hldgs Sc SO unch 81 80 SO 80 90 -JO n 80 2 82 MS 91,170 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration68 1998-07-02 24 Shiv Taneja - -by Shiv Taneja GENTING Bhd closed 14 cents higher yesterday at $3.22 on a volume of 2.07 million shares, compared with its 10-day traded average ot 107,400 shares. The counter has bounced off its two-and-a-half-year low, and is expected to see more upside in the medium term This68 words
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Article220 1998-07-02 24 Stocks Volume S«gTel 15c 10,198,000 DBS Land 10,130.000 Wing Tai 25c 6,950,000 *M Resources 5,969,000 *MBf Capital 4,850,000 *RHB Cap Wt99 4,215,000 •Rekapacific Bti 3,812,000 SPH 3,701,000 OCBC Foreign 3,384,000 Keppel Corp 3,363,000 Stacks SPH 43,090,644 SingTel 15c 24,739,960 DBS Foreign 20,626,566 OCBC Foreign 19,975,379 DBS Land 15,084,500 City Dev220 words
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Article, Illustration635 1998-07-02 24 R Sivanithy - STOCK MARKET COMMENTARY But dealers feel a full-fledged rally is still far off though technicals have been highly oversold; property shares rise sharply By R Sivanithy [SINGAPORE] A sixth consecutive rally in Japanese equities and a relatively firm day for635 words
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ON THE GRAPEVINE
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Article119 1998-07-02 24 THOMAS Graeff, general manager of marketing and sales at locally-based fund management outfit Templeton Asset Management, has left the company with immediate effect No reason was given for his sudden departure. Mr Graeff has been with Templeton for the past two-and-a-half years. He was also the chairman119 words
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Article71 1998-07-02 24 ONE analyst is recommending a buy on UEM shares because of the chaos at the new Kuala Lumpur airport. It seems people who usually fly to the Malaysian capital from Singapore will now find it easier to drive up and UEM will stand to benefit from71 words
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Article104 1998-07-02 24 WHILE we are still on the subject of the chaos at the new Kuala Lumpur airport, a well-known socialite from Hongkong who is usually impeccably dressed for all occasions was yesterday caught short on the sartorial front. At a reception by the Hongkong Economic and104 words
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Article147 1998-07-02 24 WHAT price a "buy" recommendation from a top brokerage? Not much. It seems at least not as far as an American investment bank is concerned. On May 18, the US investment bank released a very bullish report on Creative Technology, raising its rating from "trad|ng buy" to outright147 words
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Article167 1998-07-02 24 THUS far Hongkong Insurers' nightmares have been confined largely to expensive cars which have a tendency to disappear from streets of Hongkong and reappear across the border in China's Guangdong province. But the latest Chinesecustoms figures on smuggling seizures have sounded a new alarm. Although the demand for167 words
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Page 15 Advertisements
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Advertisement278 1998-07-02 15 Jiaotu sanku A Wise Rabbit Digs Three Burrows TWO foreign private bankers recently marketed their asset management services to entrepreneurs in China, Both, speaking in Chinese, talked about the need for asset diversification. The first banker ended with this bit of advice: "Don't put your eggs in one basket." The278 words
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Page 16 Advertisements
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Advertisement202 1998-07-02 16 Coopers Seminars for Financial &Lybrand institutions 14-17 July 1998 Coopers Lybrand will be presenting a series of seminars to provide in-depth coverage of compliance, operations risk management, legal and regulatory issues for financial institutions. Participants who will benefit from this course are operation risk management officers, audit officers, legal and202 words
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Page 17 Advertisements
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Advertisement45 1998-07-02 17 SASLE Ends 26 July limberland^ The Timberland* store Centrepoint Ngee Ann City Marina Square Shop-in shop: Isetan Scotts Seiyu Bugis Junction Sogo Raffles City Takashimaya Tangs Timberland and are trademarks or registered trademarks of The Timberland Company O 1998 The Timberland Company. All rights reserved.45 words
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Page 18 Advertisements
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Advertisement16 1998-07-02 18 The Taiwan market was closed for a holiday yesterday HThe Straits Times Classified Classifications 402-568 I16 words
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Page 20 Advertisements
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Advertisement216 1998-07-02 20 "uur daugnter was reunited witn ner aog oni the very day the ad appeared!'' Mrs Christine Low... "Business picked up after we advertised in Classified. It really works!"! Trevor Koh... 'It's no secret that The Straitsl Times Classified is the key to our success."! Low Kok Meng... "We received quite216 words
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Advertisement104 1998-07-02 20 ♦The Hongkong, Taipei and Bangkok markets were closed yesterday 1 THE STRAITS TIMES CLASSIFIED A*«sH| YOUR GUIDE TO MORE PRODUCTS SERVICES I !HII[III r I and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your104 words
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Page 21 Advertisements
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Advertisement15 1998-07-02 21 1111 Visit The Straits Classified to start your holidays on the right foot. I m15 words
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Page 22 Advertisements
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Advertisement70 1998-07-02 22 So, why keep your shares tucked away? Stop by any Hong Leong Finance or Get cash up to 70% of the Use the money to buy more shares, for a CM us 32?7118'0r 1800-226 3398 Singapore hinance office with your current market value or cap price business opportunity, for home70 words
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Page 23 Advertisements
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Advertisement5 1998-07-02 23 Excellence /.V NEVER a/? accident;5 words
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Advertisement29 1998-07-02 23 <S*HCI (pt«j I 1 268, Orchard Road Unit 12-01, 9 I Singapore Tel: 732 5689 732 0721 a Malaysia (KL) Tel: (0203) 230 2848 CHROVOG^ p ]^B^|flßpB| DBDDDBBBBnn L__J29 words
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Advertisement5 1998-07-02 23 Imagination /.v more IMPORTANT KNOWLEDGE5 words
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Page 24 Advertisements
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Advertisement393 1998-07-02 24 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF THAI HO INTERNATIONAL INVESTMENT ft DEVELOPMENT PTE LTD (Incorporated In the Republic of Singapore) (IN MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the Members of Thai Ho International Investment Development Pte393 words
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Advertisement363 1998-07-02 24 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ARLEC ELECTRONIC PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of the abovementioned Company duly convened and held at Room 1040 New World Office Building (East Wing), 24 Salisbury Road,363 words
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Advertisement41 1998-07-02 24 BUY/ SELL;/ FIND;/ Classified ads are purr... feet for finding lost little kittens. No matter what it is, you can always buy it, sell it or find it with the Classified. T0 l l (IE t 1800-737-1166 Call Nd«r fit Imlts41 words
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Advertisement100 1998-07-02 24 Advertising in Turbulent Times Are you qetting the rea6h as promised? SHIPPING TIMES GUARANTEES *48,000 daily circulation! In Singapore, when you want to reach out to a select target audience in HIE iffiT?BrTBiB?f[IfTfRTffiBTFI?R?R only one daily offers you the advantage of maximum reach at minimum cost. And that's Shipping Times.100 words
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SHIPPING TIMES
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Article303 1998-07-02 25 Bridge News, Reuters RUMOURS continued in late trade that MSK has covered a July cargo from the US Gulf to Japan at US$l3.OO without combination port discharge, but confirmation remained lacking. Fixtures TANKER& Activity picked up for the Suezmaxes from West Africa in late trade, keeping rates atBridge News,; Reuters - 303 words
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Article277 1998-07-02 25 CWT OtitrtDutlon 0.415 -0.02 30 CJmanHup 0J75 *0.015 47 Cosco Investment 0.50 unch 14 Freight Links a195 *0.005 9 G8 Holding* 0J0 unch 7 KeiSunHuO 0.395 unch 24 Hitachi 2osen 0.57 unch 14 IMC Holdings HK 5.60 Jeya Holdings 0.40 unch 41 jwong Shipyard 8.40 *0.25 205 KeppeiCorp277 words
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Article, Illustration618 1998-07-02 25 Marcus Hand - Customised service agreements help shipping lines save hundreds of millions of dollars every year By. Marcus Hand [SINGAPORE] PSA Corp is to give a total of $21 million worth of savings to tenants of PSA properties through rental rebates and customised concessions,FILE PHOTO - 618 words
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763 1998-07-02 25 David Hughes - NEWBUXLDS BU David Hughes THERE is very often a surge of newbuilding orders before the northern summer sends much of the shipping industry into its seasonal torpor. This year, interest has been stimulated by the very low newbuilding prices now on offer763 words
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Article, Illustration122 1998-07-02 25 Bn sadier Abdul Malik Al-Sayani (left), the Minister of Transport of the nnn, ft I Yemen^ PSA s Pasir Panjang Terminal. The minister was in Singapore on a visit during which he met Communications Minister Mah Bow Tan and PSA Corp ?J?l?cA HonB A PSA122 words
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207 1998-07-02 25 Reuters [HONGKONG] Port and cargo handling group Pacific Ports Co Ltd said its China port business would benefit from its link with its single largest shareholder. New World Infrastructure Ltd (NWI) "Right now NWI is the single largest shareholder of the company," Pacific PortsReuters - 207 words
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Article, Illustration1180 1998-07-02 26 Bill Burchell - CONCORDE AIRPXiANE With no successor in sight makers and users of the supersonic plane work to keep it in the air well beyond 2000 Ip/ Bill Burchell The author is editor of British Airways World Engineering Magazine and this feature appeared first in the Rolls-Royce1,180 words
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256 1998-07-02 26 PAGE Danveron 4 ACL 9 0 "J 0 1 9 ANL 3 Dongnama 3 ft Accord 8 EC- 5 Appenship 5 Ethiopian 6 It Astro 3 Eurohans 6 Austral 9 Evergreen 6 BSA 7 foongSun 8 Batamindo 7 G Link 4 Bayswater 6256 words
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Article27073 1998-07-02 34 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartlsar Vassal Voyaqa Taiaptona ETA ETA Advartlsar Vnid Voyaqa Tataprvona SIN Dast'n Nama Nama Numbar Numbar SIN Dast'n Nam* Nama Number Number "■"■MNMWMMMMMRMMMMKIWMMMMMMMMMMMaHaMMNHMMHMnMM KNMNNMMMMMMHMMMaMMNIlMMHMNMRNNWIHNNNMMHMKN AM/07 25/07 Ouadrant VILLE DC SACITTA 235* 65-*****44 04/07 25/07 CMA VILLE DE SAOITTA 235* 65 *****22 To ABIDJAN27,073 words
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SHIPS IN PORT
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Article721 1998-07-02 39 Vessel Voy No Berth Arrival Departure Bt C Sentosa *****8 J01 alongside 02.07/0100 ®J J* 0,0798 J01 alongside 01.07/1630 m J 01 alongside 02.07/0700 Bt Nunkm *****# J01 alongside 02.07/0900 8t S Makassa *****8 J01 alongside 01.07/2000 Bt S<iriati4 *****8 J01 alongside 02.07/0400 Bt Sury Inda *****8 J01721 words
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Article1771 1998-07-02 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From A" »ow ooai 01/1400 U 01/1500 01/16 59 0V19C0 18 01/1500 01/1659 01/1900 2A 01/1700 02/0659 02/0900 21 01/1700 02/0659 02/0900 J 02/0700 02/1159 02/1400 4 02/1200 02/1459 02/1700 Aiun1,771 words
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Article174 1998-07-02 39 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 0. Thailand: Asanha Bucha. Jul 10 Thailand: Khao Phansa Day. Jul 13 United Kingdom: Orangeman's Day Holiday (N Ireland). Jul 14. France: National174 words
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Article1019 1998-07-02 39 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 the1,019 words
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Article512 1998-07-02 39 C«rt>on 180 Mai 994.5 1.0 T7.1 0.09 84 0.05 jMI125 Density Wattf Besidue Ash Aluminium Sediment No above E25 4 0 W 0 1 0 380 Ave 986.6 0.2 16.5 0.06 30 0.03 tiioo 380 Mm 991.6 0.9 19.5 0.11 58 0.09 t/lr3 »/V %1/M M/M512 words
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AIR&LAND TRANSPORT NEWS
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554 1998-07-02 40 Asian economic crisis and declining Aussie dollar blamed for Asl4m loss in March quarter AFP [SYDNEY] Ansett Australia warned its 17,000 workers yesterday it cannot afford an annual pay rise this year as it flies into deepening financial woes caused by theAFP - 554 words
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241 1998-07-02 40 Rajendra Bajpai - Investment is its first in an airport project From Rajendra Bajpai in New Delhi INDIA'S international flag carrier, Air India, is set to pick up equity in the 6 billion rupee (Ss2lo million) international airport under construction at Cochin in south India.241 words
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221 1998-07-02 40 AFP [TAIPEI] Taiwan's largest air carrier China Airlines (CAL) is to take delivery of eight Boeing airplanes between September and December, with another seven due to be delivered over the next three years, a CAL spokesman said. CAL ordered the 15AFP - 221 words
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Article, Illustration69 1998-07-02 40 [SYDNEY] A small group of protesters hold placards outside the Philippine Airlines (PAL) Sydney office yesterday to show support for the worldwide day of protest against the airline's recent sacking of62spilots, I,4ooflight attendants and 3,6ooground staff. Unions are claiming the airline is using the currentREUTERS - 69 words
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370 1998-07-02 40 NYT [ATLANTA] Delta and United airlines will begin merging their frequent flier programmes on Sept 1, taking the first step in a planned marketing alliance that will later link their routes. The airlines said the initial move will enable passengersNYT - 370 words
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Article, Illustration87 1998-07-02 40 [SINGAPORE] Airbus Industrie's A 319 corporate jetliner (above), launched last year, is perhaps the ultimate in luxury for the business traveller. With a price tag of US$35 million (Sss9.smillion), without the cabin, it certainly does not come cheap The cabin is customised to individual requirements, and87 words
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171 1998-07-02 40 AFP [TOKYO] Japanese trading house Marubeni Corp will invest in a Rolls Royce pic's project to develop new aircraft engine, a newspaper said yesterday. Under a risk-revenue sharing partnership agreed with the British firm. Marubeni will initially shoulder 5 per cent of development costsAFP - 171 words
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306 1998-07-02 40 Marcus Hand - By\ Marcus Hand [SINGAPORE] Singapore Airlines (SIA) and Lufthansa German Airlines launched their strategic alliance yesterday, introducing codesharing services between Singapore and Frankfurt and Frankfurt and New York. With each airline increasing its frequency on the Sin-gapore-Frankfurt route from seven to 10 a week, passengers306 words
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131 1998-07-02 40 Reuters (KUALA LUMPUR] A computer glitch at Malaysia's new Kuala Lumpur International Airport continued to delay flights yesterday, an airport official said. 'Some flights are still delayed. We advise passengers to come around two hours before their flights," said an airport official. "Some flightsReuters - 131 words
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Article1773 1998-07-02 40 m HJCHT PA FU6WT £T0 IH778 1610 S026 2350 Adelaide BA7381 1930 BA7382 2055 SO2003 1610 IM779 2359 0F81 1930 0F82 2055 Of 06 IMS SO2004 2359 S0229 2220 Fukaofca S0989 1710 S0990 0)05 Amsterdam KLS43 0450 KL838 2300 Guanfzhou PRC S0803 1905 C2352 0835 Mi?1,773 words
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Page 25 Advertisements
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Advertisement28 1998-07-02 25 Concorde flies into the next century With no successor in sight, makers of the supersonic plane work to keep it in the air well beyond 2000. Page 228 words
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Advertisement62 1998-07-02 25 No pay rise this year, Ansett warns Asian economic crisis and declining Aussie dollar blamed for Asl4m loss in March quarter. Back Page 1 1111 11)11 J A\ »i I l Cairo or Congo. I Sailing schedules to The African Continent. 24 hours a day in the Shipping Guide Fax-On-Demand62 words
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Page 26 Advertisements
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Advertisement803 1998-07-02 26 t tmmm n I NORTH AMERICA I I GULF/INDIAN SUB CONTINENT ~1 SUPER SHUTTLE EXPRESS jl IQULF KARACHI EXPRESS (QKX) WSSa VOUGt 1 161 I SIN VISSII I VOY IXA I DMN I lAN INO KM PKG SM 00(1 AMERICA 26W524 17/06 05/07 00a CALIFORNIA 2SWS2S 24/06 12/07 PtO NIDUOYD803 words
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Advertisement759 1998-07-02 26 Lines services represented (fCQII) b S tneß Stryo S^apor^^^aroers Accredited Shipping Agents 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 VQ39B 30/07/98 08/08/98 LILY MARINE SERVICES SINGAPORE Phone 334 7266/*****46 Faxs *****66 PACC Container759 words
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Page 27 Advertisements
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Advertisement1041 1998-07-02 27 SAX SERVICE (DIRECT) vgsa voy swra um oak 1 pal 1 hou o* ax i nntx ah ntc AWSHNB 003E 24/06 09/07 13/07 13/07 14/07 13/07 14/07 14/07 22/07 22/07 tfITWOUOCi 0171 01/07 16/07 20/07 20/07 21/07 20/07 21/07 21/07 22/07 22/07 AfISMBONYX OQ4F 07/07 23/07 27/07 27/07 28/07 27/071,041 words
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Advertisement1945 1998-07-02 27 I HANJIN SHIPPING HANJIN SHIPPING (S) fit ITO hnp topi con KXWJNC *****35 237 SAUS 31W7J4 731 DOCUMENT *****71 774 OfIWIIOHS 37*0741 757 MAIN UM 777/055 FU *****40 (INO **********0 M TO NW USA CANADA USA CANADA* mtvu/vor um sm um nau/voy su nw i den rax r~oi r~isp —m1,945 words
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Advertisement511 1998-07-02 27 IF UL LY COW TAIN! RIS 1 p PIP IC A TIP SIRV I C I S VESSEL YOY_ SIN PKG VOY SIN HKG KEL DSN PUS IftSSEI VOY HH PKG IVESSEL 1 YOY pj^JKT MONTANU 04S 21/04 30/06 04* 01/07 05/07 07/07 04/07 10/07 IM W&l iSfflMfiLrr., W?J, KMTC511 words
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Page 28 Advertisements
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Advertisement1554 1998-07-02 28 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEDITERRANEAN/CANADA ttSS* l VOT SIN LEW RTM AHR HAW BBV FIX VESSEL VOY SIN JIO GIT SPt FOS VIC MTR PUKMB SENATOR WNS2B 07 07 24 07 »07 27 07 29 07 30 07 31 07 WASHINGTON SENATOR WMB3O 01 07 12 07 101,554 words
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Advertisement1440 1998-07-02 28 MY LJNE internet Web Site http: //www yml.com tw j'J,*HlAXliUi"f ik *i CmMAM 4!( IJil-Marrival fixed daytuesday VESSEL VOY lEH FXT HAM ANR HFA Sill MING SUN A 8196 SLO SID SLO SLD SLO 30/06 MING GALAXY AB2OE SLO SLO SLO SLO SLD 07/07 GIBRALTAR BR AB2IE SLD SLO SLO1,440 words
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Advertisement437 1998-07-02 28 JESSELTON LINE nil *****56 FAX: *****12 MUARA TABUAN vissa vor ftd eta vtssa vor no eta SPORE MUARA SPORE UN J. PROSPER VI7I/90 04/07 07/07 i- WOiTM VI7I/90 04/07 01/07 APRK.GIORT VI7I/98 00/07 11/07 APttOORY VI7I/91 00/07 12/07 L PROSPER VIOI/90 14/07 17/07 J-PROSPB VIK/90 14/07 11/07 aprii glory viti/n437 words
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Page 29 Advertisements
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Advertisement1558 1998-07-02 29 [vessel voy sin pqu pko pen blw sur pub ba I bik IRAN TEYFOURI PJL 1287 08/06 17/06 18/06 IRAN MOBIN PJL 1203 21/06 30/06 01/07 IRAN GHEYAMAT PJL 1202 08/07 17/07 18/07 IRAN MATIN PJL 1207 20/07 20/07 30/07 ACCEPTING CONTAINER/BREAK-BULK SHIPMENTS TO INLAND POINTS IN IRAN 6 CIS1,558 words
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Advertisement2026 1998-07-02 29 > MMCT ttIUM TO SHANGHAI XINGAN6 I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TEL 226 1900 FAX: *****08 OUTWARD (l/l) 4205*02 JOHORE OfFKECOSTAR SHIPPING PTE LTD #17-08 DBS BLDG SALES/BKGS *****41/43 INWARD DEPT (0/0) 420S7SS COSTAR AGENCIES (M) SDN BHD CRNO: *****89Q000M TOWER TWO (*****9) CONVENTIONAL *****50/55 T/SHPMT DEPT *****252,026 words
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Advertisement553 1998-07-02 29 EASTERN CAR UNER, LTD |_fcj ECL (SINGAPORE) PTE LTD 1 specialize in roro a heavy uft UPTO 122 tons] ECI (SINGAPORE) FT! LTD LOADING FOR JAKARTA MUARA MV "CIELO AZUL" V. 17 MV "ORANGE SKY" V.83 ETA JCT U/07/98 10/07/96 E JKT 11 707/98 ETA MUA 14/07/98 COLOMBO/CHITTAGONG PORT KLANG/MONGOLA553 words
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Page 30 Advertisements
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Advertisement1232 1998-07-02 30 I an-— europeajk/scawdihavia/finuwd/russia I E ROUND Bui m? In!* 7 UP** G P "E IHV I IHV THP ROM ANW HBG PKL SGP I f nMn w bIfMK 23/07 28/07 24/07 w/07 H« E REWARO RE 029 05/06 08/06 06/06 09/06 11/06 04/07 05/07 I F n*i2r?B« i22i 31/07 05/041,232 words
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Advertisement571 1998-07-02 30 RTvv-l Carrier MN CONTR LINES, INC p. guoang: m**™ r-JYy \~_J 1*067»0000« SIBU: (064) *****9 MANILA- (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SUfUBAY* (31)*****0 P-KELANG: (03) *****77 JKTi (21) *****07 MDN: (61) *****3 KUCHING (062) *****1-3 BARCELONA HAIPHONG MV 'T;ZZ; V 5W MV UL UX "EDER" V.98.4N ETA571 words
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Advertisement510 1998-07-02 30 NANTAI LINE I FULLY CONTAINERISED SERVICE TO J MAURITIUS SOUTH AFRICA I WSSiI VOT SIN PU) DUB 1 CPT I R/BA I NAMTAI QUEEN VQ2BS 10/07 18/07 77/07 28/07 31/07 I NANTAI DRAGON VOO7S 15/07 75/07 79/07 ~03/08 I NAMTAI PWN(E V.073S 26/07 09/06 14/08 I NANTAI VENUS VO2BS 03/08510 words
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Page 31 Advertisements
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Advertisement455 1998-07-02 31 BSA x MM MYANMA ÜBBk FIVE STAR LINE (Myaamar National tin*) loading for Yangon (Rangoon) VESSEL VOY SIN PKL PEN PGU MONGU 15W SUI SITTVW IIW IN PT MALAYSIA AGENTS: IOUSTfAD SHIPPING AGENCIES KUL m (03)*****00 PKL HI (03) *****01 PEN: m (04)*****02 PGU: Til (07) *****21/4 BANK LINE (A455 words
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Advertisement1211 1998-07-02 31 HMi HYUNDAI MERCHANT MARINE CO., LTD. Ivpsa VOY SM SOU LEH RTM AMT HAM BRV FB IVESSB VOY I SOU I t»« I MTU I AlfT I HAM I BMV I Fa ISM I DANUH SJ9W W/07 20/07 2S/07 22/07 23/07 HYANNRAI 31X 08/06 13/06 10/06 11/06 02/07 TYNE S22W1,211 words
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Advertisement1117 1998-07-02 31 rnr*mar\ ipeciakzed outocamen BfgfmgMse* G)°)§(°](£ TO NORTH AND LATIN AMERICA "RORO HEAVYUFT SERVICE" ««tl vor RAMP HEIGHT I SIN LAX CRL MIA SAV lAI ORF NYC NEW MOI TAIKO FBl4 400 Ton 6.3 M 1W 10/0* T97o* 2275T 2470T ~UW 2T7oT "WoT W6T WOT TOURCOING PSIS 400 Tom 6.3 M1,117 words
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Page 32 Advertisements
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Advertisement1952 1998-07-02 32 BANQKOK/LAEM CHABANQ JAKARTA/PAN J ANQ VESSEL VOY iIN BKK LCH VESSEL VOY SIN JKT PJN XETHA BHUM 239N In Pt OS/07~ GURU BHUM 84SB In Pt 05/q7~ MATHU BHUM 370N 04/07 08/07 07/07 DEJA BHUM 754S 04/07 09/07 RATHA BHUM 20N 04/07 06/07 ANRO OOWA' 040 04/07 08/07 ACX RUBY1,952 words
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Page 33 Advertisements
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Advertisement433 1998-07-02 33 INDONESI^ATIONAnN^I TO EUROPE "1 EXPRESS SEMI-CONTAINERISED SERVICE VOT PORE A DAM/R DAM H SURG BHEMEN AHTWtHP VESSEL ??H« 27D« OMIT 02/09 TO AUSTRALIA FULL CONTAINER SERVICE J* vov FRE MK SYD MEI HBA API Ifflt API EMERALD VPS IMB 27 OB OM7 10>07 1107 14/07 MSUBAI VIOS KOTOW UO7 17/07433 words
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Advertisement940 1998-07-02 33 ADVANCE CONTAINER LINES (PTE) LTD A I Z 140 Cecil Street, *12-00, PIL Building. Singapore *****0 M Li L" TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E OPERATIONS: *****60/*****05 BANGKOK JAKARTA I Weekly 5 Slgi PAT/1 8I|« LCH/1 Sl| BMT) (5 Wltgg/WwM VESSEL VOY SM MOC VISSa940 words
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Advertisement836 1998-07-02 33 Ig^l§2§^g VESSELS I VOY SIN JED MLA LEH HAM THP RTM ZEI VILLE DE VjRQO S26W 07/07 15/07 20/07 26/07 27/07 28/07 29/07 30/07 VKXEDCVELA N26W 14f1)7 22/07 27/07 02/06 03/06 OMB 06/36 08/06 VILLE DE QEMINA H2BW 21/07 29/07 03/06 09/08 10/08 12/06 12/06 iSS W-LE D'OfUON Y26W 28/07836 words
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Advertisement53 1998-07-02 35 SitiQ Dial 740-6000 onaemandl (Retrieve more schedules!) Press "V Cl> JC\ Select the port and key in the four digit code eg: To New York (NYC) 2275 s tD Key in your fax number I I your phone number Another Innovative service offered by The document Will be I SHIPPING53 words
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Page 37 Advertisements
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Advertisement55 1998-07-02 37 STtf| Dial 740-6000 on demand 1 —(Retrieve more schedules!) Press "1" CT JCV Select the port and key in S VI the four digit code —eg: To New York (NYC) 2275 srrf) Key in your fax number I your phone number *i Another Innovative service offered by The document Will55 words
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Page 39 Miscellaneous
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Miscellaneous90 1998-07-02 39 LEGEND j£ Thunderstorm Temperature c >C\ ,X^T #r Weo,h r r/ direction with speed in knots Cloudy Sky Wove he.ght cS dieo, d -H,ch fly W.th the One fu* circle represents calm or hnht n *A U 0- M flee he 10k J 5 w r~» 0105 01 5 r90 words
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Advertisement116 1998-07-02 40 FOR SALE rrtent THE ORIENT EXPLORER /^Kkd^\ (NOW IN SINGAPORE) (ITp^) A SMALL PASSENGER CRUISE SHIP (FERRY) BUSINESS OR PRIVATE c ''«^Sta* The Orient Explorer is a former naval vessel redecorated in the Oriental style. It measures 56.5 meters in length and is 10 meters wide. Her twin screws, powered116 words
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