The Business Times, 3 July 1998

Total Pages: 40
1 40 The Business Times
  • 13 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes FRIDAY, JULY 3, 1998
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  • 63 1 STII *****7 (+29.77) BT-SRI ***** (+10.00) BTCOMF ***** (+18.47) BTHOA ***** (+4.74) UgmET MOODs STOCK MABXFT INDICES Thursday Change KLSE COMP 478*0 >6*7 NIKKEI 16,***** >106.69 HANG SENO 836<U«_>323.06 SET INDEX J77J8 >10.66 JAKARTA OOMP +9.83 MANILA COMP _>74.23 TAIPEI WPt 7317.11 +268.30 SEOUL OOMP 111.77 -3.79 CLSA
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  • 75 1 FOBEXIATES uss ss 1.689 £(USS/S$per£) 1.062 1806 DM 1.820 0.928 YEN 1595 lilj* RM 4146 0.407 HKS 7.749 0118 BAHT 4130 0.040 MJPIAH 14.660 0.012' •St to 100 Witts FUME RATES SINGAPORE* 7.88 KUALA LUMPUR 11.50 JAKARTA ..28.80 BANGKOK 14.75 MANILA HONGKONG 10.25 TAIPEI 8.80 SYDNEY J 45 TOKYO
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  • 1104 1  -  Complexity, long implementation period, lack of detail disappoint investors From. Anthony Rowley in Tokyo JAPANESE financial markets were less than impressed yesterday with the government's announcement of its long-awaited "total plan" for dealing with the banking system's debilitating bad debts, although the
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  • 369 1  -  By'. R Sivanithy [SINGAPORE] Exactly one year after Thailand devalued its baht and set off a chain of panic selling, the region's financial markets are showing signs of stabilising, although at much lower levels. Much hope is now pinned on the latest Japanese package
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  • 452 1  -  By 1 Toh Han Shih [SINGAPORE] They may not be the most avid newspaper readers nor do they always get the names of their leaders right, but Singapore children do know about the regional crisis and they are the sec-ond-richest kids in the region as
    JEN CHUA  -  452 words
  • 534 1  -  By I Shiv Taneja [SINGAPORE] Insurance agents may soon be able to sell unit trusts in Singapore, throwing wide open the distribution channels for such funds. Sources said insurance companies like American International Assurance are working with the regulators and industry
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  • 456 1  -  Abrnpt change in outlook may also extend to properties in China, Hongkong By\ Lee Han Shih, Diana Oon [SINGAPORE] DBS Land, one of the few Singapore blue chips still expect d to show an increase in profit this year, has issued a
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  • Page 1 Advertisements

  • SINGAPORE AT HOME & ABROAD
    • 288 2 COMPANIES using Singapore Telecom's private network Phone Net can now include mobile phones in their office network, and save 20 per cent on airtime charges for the mobile phones. Under a new service launched yesterday called Mobile Phone Net, staff of sub-scriber-companies would call the mobile
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    • 330 2  -  It's now trying for abont $8b worth of investments, down from $8.5b By: Ronnie Lim WITH nearly $4 billion secured by mid-year, Singapore is now "trying" for about $8 billion worth of manufacturing investments this year, down from the earlier $8.5 billion target, Economic
      FILE PHOTO  -  330 words
    • 438 2  -  CIM hopes to be able to award some members new status from Oct By i Carol Eng A "CHARTERED marketer" like a chartered accountant? Come October, companies looking for marketing professionals may be able to use similar industry benchmarks to vet applicants, when UKbased
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    • 272 2  -  EYE ON THE ECONOMY Jobs By. Audrey Tan STAFF turnover rates continued to plunge in the first three months of the year, reflecting rising job uncertainty in the current economic slowdown. The latest quarterly recruitment sur- vey-by local firm Remuneration Data Specialists (RDS) found that turnover
      Source: RDS  -  272 words
    • 321 2  -  liy, Marissa Chew SINGAPORE consumers are less confident about the economy's performance now than they were in the second half of 1997, says a recent Temasek Polytechnic survey. Covering the period March 1 to Aug 31 this year, it shows consumer confidence measured by
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    • 520 3  -  Seminar speakers urge shrugging off doom-and-gloom mindset By David Boey SINGAPORE'S property investment sector could chalk up a record low level of investment sales this year as commercial banks continue clamping down on financing property-related deals, Colin Moore, managing director of
      LIM SIN THAI/THE STRAITS TIMES  -  520 words
    • 356 3  -  By Siow Li Sen CITIBANK'S latest credit card a joint venture with Visa and Cathay Pacific looks set to spark off another round of battle in the fiercelycompetitive credit card market. That is, so long as the regulatory authority does not
      356 words
    • 244 3  -  It will l&nnch new price plans and services soon Toh Han Shih SINGAPORE'S Internet service providers are into a fresh round of competition. Hot on the heels of Sing Net's recent price cuts and launch of new services, CyberWay has announced new price
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    • 435 3  -  Further USssom investment in Tnas plant under study By. Ronnie Lim CRI/Criterion Manufacturing in which the Shell group is a major partner is doubling to Ssso million its investment in a Singapore catalyst facility to better service Asia's oil refineries and petrochemical
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  • Page 3 Advertisements
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  • ASIA'S ECONOMIC SLUMP
    • 713 4  -  Creditors face risks as govt may not bear all costs of banking reforms Fntm i Quak Hiang Whai in Hongk ong WIDESPREAD closures of Chinese banks are likely as the mainland proceeds with reforms of its financial system, credit rating agency Moody's
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    • 675 4  -  COMMENTARY Asian crisis and global volatility should prompt, a rethink By Malcolm Dowling The writer, a former assistant chief economist at the Asian Development Bank in Manila, is an associate professor of economics at the University of Melbourne. He contributed this comment to the International Herald
      675 words
    • 497 4  -  Rubin denies reports he endorses lower interest rates for EL From Ruth Wong in Kuala Lumpur MALAYSIA'S largest bank, Malayan Banking Bhd (Maybank), cut its base lending rates (BLR) for the first time in nearly four years following the two-percentage-point cut in
      497 words
    • 520 4 Forex reserves rise for second month running, to USs4lb Reuters, Bloomberg [SEOUL] South Korea hopes to lower interest rates in the third quarter, the governor of the central bank, Chon Choi Hwan, said here yesterday. Mr Chon was speaking to reporters
      Reuters,; Bloomberg  -  520 words
    • 339 4 It didn't heed Thai warnings that crisis could turn into a regional maelstrom AFP (BANGKOK] Thai Deputy Prime Minister Supachai Panichpakdi said yesterday that the International Monetary Fund was wrong in its assesment of Thailand's cri-sis-hit economy. He said the IMF did not
      AFP  -  339 words
    • 404 4 He finds Korea and Thailand focused on the need for reforms Reuters [NEW YORK] US Treasury Secretary Robert Rubin has returned from a week-long tour of crisis-torn Asia, convinced the region's sick economies have no choice but to bite the bullet of
      Reuters  -  404 words

  • REGION
    • 226 5 KUALA LUMPUR Papers join in, label breakdown a source of shock, shame AFP MALAYSIAN opposition leader Lim Kit Siang yesterday slammed Transport Minister Ling Liong Sik for his failure to grasp the problems at the country's new airport. And newspaper editorials joined the
      AFP; REUTERS  -  226 words
    • 254 5 KULIM, Malaysia Bernama MALAYSIAN Prime Minister Mahathir Mohamad yesterday criticised the Singapore government for treating Malaysians from the states of Sabah and Sarawak differently from their peninsular counterparts over the withdrawal of Central Provident Fund savings, national news agency Bernama reported. Maybe the Singapore
      Bernama  -  254 words
    • 292 5 SINGAPORE Bloomberg AS his staff packed wooden wayang puppets, brightly painted Balinese masks and other native Indonesian crafts into cardboard boxes, the director of the Singapore branch of the Indonesia Tourist Promotion Office explained why his government is shutting the place down. "We cannot afford
      Bloomberg  -  292 words
    • 386 5 WASHINGTON US officials say he's using wealth, army ties to help children retain businesses and party posts NYT FORMER Indonesian president Suharto is manoeuvring to re-establish a political power base to shield his family's financial empire from scrutiny by future governments, according to
      NYT  -  386 words
    • 625 6  -  Clinton flies in for one-day visit; facility opens to commercial traffic on Monday From Loh Hui Yin in Hongkong IT was a case of out with the old and in with the new for the leaders of China and the United States. Yesterday
      AFP  -  625 words
    • 178 6 BANGKOK Reuters THAI consumers have tightly reined in spending and turned away from once sought-af-ter luxury goods in the year since the economic crisis began, economists said yesterday. Domestic private sector consumption grew by only 0.2 per cent in Thai baht terms in
      Reuters  -  178 words
    • 703 6 CLINTON'S VISIT TO CHINA Clinton announces Exim loan, talks on global warming Reuters [GUILIN, China] US President Bill Clinton, visiting a region that has inspired Chinese poets for centuries, yesterday announced a set of measures to help China deal with air and water
      Reuters; AFP  -  703 words
    • 298 6 TAIPEI AFP TAIWAN'S economic growth forecast may be revised to below 6 per cent this year if a key high-speed rail project worth US$l2.6 billion (5521.3 billion) is delayed too long, officials said yesterday. A prolonged delay of the high-speed railway project
      AFP  -  298 words
    • 320 6 KUALA LUMPUR Bernama THE Multimedia Development Corporation (MDC) will acquire a 51 per cent controlling stake in Cyberview Sdn Bhd, the developer of the 2,800-hectare flagship zone in Cyberjaya, Deputy Prime Minister Anwar Ibrahim said yesterday. The move was to further ensure that
      Bernama  -  320 words
    • 582 7 MELBOURNE As Asia's woes hit home, more firms are expecting sales, profits to fall Bloomberg AUSTRALIAN businesses are more pessimistic than at any time since the recession of the early *****, as Asfia's deepening economic woes are expected to
      Bloomberg  -  582 words
    • 444 7 NEW DELHI The original USs2ob sanctions impact has nowcometoUSs2b and even that's extremely doubtful Reuters INDIAN Finance Minister Yashwant Sinha on Wednesday slammed critics for overplaying the impact of nuclear sanctions on the economy and said the nation was ready to stand up to any
      Reuters  -  444 words
    • 375 7 CANBERRA Reuters AUSTRALIAN political and ethnic leaders yesterday attacked populist MP Pauline Hanson's immigration platform as racist and crazy. One ethnic leader said Ms Hanson's strategy to protect Australia's culture and way of life by slashing immigration marked a return to the "White Australia"
      Reuters; AFP  -  375 words
    • 549 7  -  LU'ri'KK. FROM SEOUL Resistance comes from staff of both target and acquiring banks By Jennifer Veale PREDICTIONS that banking reform would be among South Korea's toughest challenges are rapidly coming true. Thousands ofbank employees protested in pouring rain in Seoul yesterday against job losses
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    • 432 7 GENEVA Reuters THE World Trade Organisation (WTO) urged Australia yesterday to continue liberal isation, saying there were signs the country was hesitating before further opening its markets to foreign textiles and automobiles. WTO economists praised Australia for sweeping reforms undertaken since
      Reuters  -  432 words
    • 290 7 SYDNEY AFP DEFENCE Minister lan McLachlan yesterday described as ridiculous Rupert Murdoch's claim that Australia has a submissive attitude towards US foreign policy. The News Corp chief had said in New York on Tuesday that Canberra should drop its "all the way with the
      AFP  -  290 words
  • Page 5 Advertisements
    • 198 5 Now you can forget the cable permanently. rm Only the new infrared Ericsson MC 16 and D 127 set you free in more ways than one. Put it in your pocket (yes, it's that small). Now you're ready for anything. The Ericsson MCI 6 is a mobile companion with Windows®
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  • Page 6 Advertisements
    • 735 6 I I I (Incorporated in the Republic of Singapore) I I I I NOTICE IS HEREBY GIVEN that the Nineteenth Annual General Meeting of I I Rothmans Industries Limited will be held at its Registered Office, 15 Senoko I I Loop, Singapore *****8 on Tuesday, 28 July 1998 at 11.30
      735 words
    • 10 6 New HK airport takes off, finally, Shipping Times, Pg 2
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  • Page 7 Advertisements
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  • THE WORLD
    • 497 8  -  Asian slump, data showing US economy cooling make it foregone conclusion I-Yom Andrew Marks in New York THE Federal Reserve's announcement that it had left interest rates unchanged on Wednesday came at the conclusion of what may have been the least speculatedover
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    • 60 8 [VANCOUVER] Layla, a six-year-old Welsh Corgi in lacy ruffles, on Wednesday yawning while waiting with three-year-old Banjo, a Shitzu, during a patriotic pet contest. The contest was part of Canada Day festivities on Vancouver's Granville Island. From coast to coast Canadians, and in this instance their pets as
      REUTERS  -  60 words
    • 308 8 NEW YORK Reuters STATE and local US finance officials were poised yesterday to Impose punitive measures against Swiss banks over the issue of Holocaustera assets, a move Swiss officials said would likely damage relations between the United States and Switzerland. Expressing frustration over long-running
      Reuters  -  308 words
    • 256 8 WASHINGTON Reuters NEW orders received by US factories weakened across the board in May and shipments dropped again, the Commerce Department said yesterday as the nation's industrial sector faltered under the drag of weakening Asian exports and overstocked inventories. The value of new orders fell
      Reuters  -  256 words
    • 250 8 MOSCOW Bloomberg THE Russian government reached agreement with OAO Gazprom, the nation's biggest taxpayer, on future tax payments after threatening to seize company assets, freeze bank accounts and replace the board. The agreement, under which Gazprom will make tax payments of
      Bloomberg  -  250 words
    • 752 8  -  EUROPBAM VLUW At the ECB, In Russian politics and the Royal Opera House By Kevin Sullivan AS the European Central Bank formally opened for business in Frankfurt this week it remained unclear just how long ECB president Wim Duisenberg is to stay at the
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  • Page 8 Advertisements
    • 1349 8 it mm. n nfiJTAT LEE BANK LIMITED (Incorporated in the Republic of Singapore) IMPORTANT NOTICE To: Holders of Warrants to Subscribe for Shares in Tat Lee Bank Limited (the "Bank* or -tlb'i axpirina on 5 Aucjst iqqb at 5.00 p.m. ('Warrants 98"^ THIS IS AN IMPORTANT NOTICE WHICH REQUIRES YOUR
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  • EDITORIAL & OPINION
    • 761 9  -  THE BOTTOMLZNE OPINION By Lee Yoke Har The writer is an Auckland-based journalist who contributes to BT NEW Zealand seems like a giant bleakhouse now. Its currency has been thrashed, to just under 50 US cents, a level not seen since October 1986. While
      761 words
    • 99 9 'America has long had a fascination with China, whether in praise or whether in condemnation.' Philip Bowring a political analyst at Kleinwort Benson Securities (Asia). •Japan not only doesn't have growth and deflation, but they are also not deregulating that is the public perception, but it's not
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    • 648 9 EDITORIAL Australian Prime Minister John Howard seems to have backed off from a mid-term election despite his earlier display of bravado that he will call for simultaneous elections to both houses of parliament if he does not get his way in the senate. Now it seems
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    • 889 9  -  Philippines' new populist president is in for a more testing time than he thinks By. Al Labita The writer is BT's Manila correspondent Philippines President-elect Joseph Estrada's first six months may not be as rosy as his phalanx of advisers say it will
      FILE PHOTO  -  889 words
    • 949 9 US Fed warns on easy loans BANKS are lending out cash a bit too easily, with too little regard for the risks that will come if the US economy stumbles into recession. So says the Federal Reserve in an unusual letter sent to all banks last
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  • Page 9 Miscellaneous
    • 77 9 DOONESBURY By Garry Trudeau THIS /SNTABOUT SOAP OPERA! ITS NOT ABOUT 6RANPIOSTTY, see WHAT I'M WIS/SNTABOUTSBX, ABOUT DBCBIT ANPSeifP&TRUCASKING HBRB SLBAZY, MULTIPLE INFIPBII- TIVBNBSS, TAKJN6 INSANB Rl ITS if See,HONBY,mm IT'S VBRY SIMPLE: I TIB& BBHINP CLOSBP POORS RISKS THAT HURT ONLY YOUR, i NOT C HB CAN'T fWt ARB
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  • EXECUTIVE LIFESTYLE
    • 906 10  -  WORLD CUP 98 Brazil, Germany, Argentina, Italy have the edge, but it's a mind game from here on, says chrxsmattszcztk CHRIS MATYSZCZYK The writer is the only Pole with a British passport to have met Muhammad Ali, scored in a hockey match against Argentina, and played for
      AFP  -  906 words
    • 451 10  -  World Cup viewing guide By Shahiron Sahari kM Mow can wo not watch? Wk France vs Italy (10pm) Brazil vs Denmark (2.30am, Sat) 4SSS9 After the unbridled excitement and passion of St Etienne on Tuesday, it would be asking too much to expect more of the
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    • 757 10  -  The exit of African teams proves that talent alone is not always enough By\ Shahiron Sahari NOW that we've all caught our breath, and the pulse rates have slowed down, it's wonderful to know we actually have the best part of the World
      AFP  -  757 words
    • 714 10  -  ART Themes of identity, anonymity mark the Caldwell House show By: Parvathi N Narayan [SINGAPORE] Installation is an artistic umbrella that allows for vastly different styles and modes of expression. This was apparent in Bi-cara-Dialogue-Zaghata, an installation exhibition showing the works of five artists: Aung
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  • Page 11 Advertisements
    • 321 11 Mn't y«a Imm? I read it it Cats' Mews/ J Cilek Citi' Mini in Siili) ClttsifitJ (kit weekend. J m CAXS.I Where to wine, dine and entertain... Stti Cjold. Now von can 9/ wear it on tlie inside Happy Honrs <afur s pin) I. S (M)pm lo9.(M)pin I l>nfl K»vrs
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  • Page 11 Miscellaneous
    • 620 11 TV&RADIO Premiere 12 3.00 News 5 Today Followed Heroes. 9in pvi t\' by Afternoon at the 10.00 News In Mandarin. I'm Kuil Z, TL.» Movies Bliss. 10.30 Focus Goofs 4,00 News 5 Today 11.00 Singapore At Work 4TO Orimm'c T ,i„ P b y Afternoon at the It Works. son
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    • 159 11 CRYPTIC CROSSWORD .SSr-.TSI, 10 s '7£ of regular und church (5) IHIYIAICII inTtThmlrlaltlhlfTrl nowv 14 Morning was sharply cold in pMLMNMRpMBGMTjBg precincts (5) e n|S[gm 1 Party speculates to achieve a 15 Slice weak boundary (5) A H B H I HYHsMnbbhMs miracle (2.7) 17 Care shown by military com-
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  • COMPANIES & MARKETS
    • 623 13  -  Bankers see further pressure on PEs, lower take-up in battered market By< Carol Eng [SINGAPORE] The amount of money raised by newly listed companies in the first half of the year plunged by more than half to $323 million, compared to
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    • 300 13 [SINGAPORE] Listed broker G K Goh has asked one analyst in Singapore and two in Malaysia to leave the firm, sources said. The Singapore analyst covered the telecommunications sector, while the Malaysian analysts covered infrastructure, gaming and plantations,
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    • 170 13 Group in talks to restructure their debts Bloomberg [KUALA LUMPUR] Mycom Bhd, a Malaysian real estate and brokerage company, said yesterday some of its subsidiaries have defaulted on their loans due to a slump in business as Malaysia's economy slowed. Mycom, which has total
      Bloomberg  -  170 words
    • 134 13 [SINGAPORE] Hup Seng Huat is selling its property in Genting Lane to related parties for an extraordinary gain of $7.1 million. The buyers, Lim Kah Eng, Lim Kah Kheng and Sim Thiam Hoe will pay $17.75 million, or $2.96 a share, for Metal House
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    • 669 13  -  HOCK LOCK SIEW Catherine Ong CITIBANK'S tie-up with Cathay Pacific airlines to launch arguably the most aggressive credit card promotion so far tells us much about the parlous state of both the banking and airline industries. The Citibank Cathay Pacific
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    • 331 13  -  $17m deal will make Sino Land the sole developer of project By. Diana Oon [SINGAPORE] Orchard Parade Holdings yesterday announced that it has agreed to sell its entire 20 per cent stake in the Fullerton Square hotel redevelopment to sister
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    • 313 13  -  From Russell Baker in Sydney TWO Australian-listed companies controlled by Singaporean interests Alliance Properties and Freight Links Express Holdings (Australia) said separately this week they were unable to explain the recent steep falls in their share prices. Property developer Alliance is 76.34 per
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    • REGIONAL COMPANIES
      • 474 14  -  Move follows worsening economic crisis, pressure from listed firms From. Harish Mehta in Bangkok THE Stock Exchange of Thailand (SET) is relaxing the tough rules under which it delists financially unstable companies, in view of the worsening economic crisis,
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      • 315 14 Bernama [SHAH ALAM] DRB-Hicom Group aims to export 530 units of Hicom trucks and 10,000 units of Modenas motorcycles with sales value of 62 million Malaysian ringgit (Ss2s million) in the year to March 1999, chairman Mohd Saleh Sulong said. And for the next
        Bernama  -  315 words
      • 299 14 AFP [KUALA LUMPUR] Korean giant Samsung Electronics Co Ltd announced yesterday a further US$3 million (Sss.l million) investment in its microwave oven plant in Malaysia over the next two years. Samsung Electronics (M) Sdn Bhd's managing director Chang Kyu Suk said the group
        AFP  -  299 words
      • 274 14  -  LETTER TO THE EDITOR Denis Distant Singapore I REFER to the article "Need to level the playing field for finance companies" (BT Hock Lock Slew, June 26). I believe finance companies are an anachronism, and rather than merging with one another it would
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      • 430 14 Its year-on-year earnings drop is first in at least five years Bloomberg [HONGKONG] Wheelock Co, a 139-year-old Hongkong company with retailing, hotels, property and shipping interests, yesterday reported that net profit for the year to March fell 42.8 per cent to HKSI.4S billion (*****.8
        Bloomberg  -  430 words
      • 489 14  -  Wider definition, new rules to protect small shareholders From Ruth Wong in Kuala Lumpur IN A move to better protect minority shareholders of listed companies, the Securities Commission has widened its definition of related-party transactions and tightened rules on disclosure and directors' responsibilities over
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      • 507 14  -  From Russell Baker in Sydney BUILDING products group James Hardie Industries, which is 28 per cent owned by Brierley Investments (BIL), is shifting all its operating businesses to an offshore vehicle which would be floated on the New York Stock Exchange (NYSE).
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      • 204 14 Bernama [KUALA LUMPUR] AIC Corporation Bhd (AIC) expects its 55 per cent-owned semiconductor unit AIC Semiconductor Sdn Bhd to contribute RMISO million (5560.9 million) a year to the company's earnings beginning this year. The semiconductor division had started to contribute earnings since it
        Bernama  -  204 words
      • COMPANY Briefs
        • 86 14 Nikkei Pulp Paper plans to bolster Its exports to Japan bjpromoting sales of prpdticts such aacopier and printingpaper. APP is expanding the marlraSig network of Asia Pulp Paper Japan Co (APPC), itsjteplly owned, Tokyo-based subsidiary. It opened an OsaJp&PPC sales outlet on Wednesda&#*d Ms
          Nikkei  -  86 words
        • 74 14 AFX-Asia [KUALA LUMPUR] The Kuala Lumpur Commodity Exchange and its subsidiary Malaysia Monetary Exchange will merge in October, Bernama reported. The commodity exchange has a licence to allow it to be used as a vehicle in the merger process but approval is needed from the
          AFX-Asia  -  74 words
        • 84 14 Bloomberg [JAKARTA] PT Astra International's shares soared as much as 25 per cent to a one-month high after the company appeared poised to trim its debt through the sale of an electronics unit The stock rose 225 rupiah—or 22.5 percent—to close at
          Bloomberg  -  84 words
    • INTERNATIONAL COMPANIES
      • 417 15 Volvo is looking for strategic partners while VW wants to boy a truck business NYT [FRANKFURT] Volvo AB of Sweden confirmed on Wednesday that its chief executive had discussions last Friday with the chairman of Volkswagen AG, Ferdinand Piech, as the
        NYT  -  417 words
      • 235 15 Bloomberg [LONDON] General Electric Co pic, the UK's largest manufacturer, said net income for the year ended March rose 66 per cent as it improved profit across all its businesses even as sales were pared by the strength of sterling. Net income
        Bloomberg  -  235 words
      • 81 15 [OTTAWA] Boeing China president Ray Hracy (left) congratulating Air China president Yin Wenlong after Boeing signed a deal to sell 27aircraft worth US$l.2 billion (Ss2 billion) to China, just one of seven contracts worth nearly US$2 billion in trade and investment deals between the US and
        APP  -  81 words
      • 384 15 Analysts; Netscape remarks may have been misinterpreted Reuters [PALO ALTO, California] Netscape Communications Corp stock soared on Wednesday amid expectations it would be the next Internet business to enter a lucrative partnership with a major media company. But some
        Reuters  -  384 words
      • 299 15 Bloomberg [PALO ALTO, California] Hewlett-Packard Co shares fell 2.8 per cent amid concern that earnings at the world's third largest computer maker will suffer in coming quarters because of Asia's crisis. H-P fell US$l 11/16 to US$5B 3/16 in trading of 4.39 million
        Bloomberg  -  299 words
    • FINANCE & COMMODITIES
      • 365 16  -  Sing dollar likely to fall further, but not beyond $2 to US$, says Peter Seah fit/* Conrad Raj LEADING banker Peter Seah expects interest rates here to stay firm for the rest of the year as interbank rates have remained relatively
        365 words
      • 272 16  -  They will have direct access to automated trading system By\ Soh Tiang Keng THE Singapore International Monetary Exchange yesterday announced measures to make it easier for locals to trade in the MSCI Singapore Stock Index futures under the automated trading system
        272 words
      • 232 16 Finance companies too different to merge: president AFX-Asia [BANGKOK] Siam Commercial Bank president Olarn Chaiprawat said the bank's four finance companies have no plans to merge. Siam Commercial holds 69 per cent in Siam Sunwa Industries Credit, 83 per cent of Book Club Finance, and 24
        AFX-Asia  -  232 words
      • 269 16 SnUTRX Report Reuters (SINGAPORE) Simex Japanese government bond (JGB) futures rose yesterday as the market awaited details of Japan's "bridge bank" plan to tackle its bad loan problems. Dealers said easing concerns about extra bond issuance to help stabilise the banking system and
        Reuters  -  269 words
      • 178 16  -  MSCI TAIWAN FUTURES J 11 -a Cecilia Loh Cecilia Loh, service dealer, Refco Singapore [SINGAPORE] The Simex MSCI Taiwan Index futures started with a flourish, and closed up 17.50 points. The stock index edged up 268.30 points on optimism that Asia's financial crisis
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      • 212 16 ENERGY REPORT Reuters [LONDON] World oil prices edged higher yesterday as players looked for direction amid hopes Opec's decision to cut output would soon siphon surplus crude from the oversupplied market. Traders said prices were bolstered overnight by concerns about renewed tension in the
        Reuters  -  212 words
      • 275 16 Reuters London THE Japanese currency slid swiftly from around 138 to the dollar in morning trade to settle around the 140 level as finance ministry and government officials in Tokyo unveiled details of the reforms, revealing they were largely in line with market expectations. But the absence of
        Reuters  -  275 words
      • Article, Illustration
        1251 16 DfTERBAMK CROSS RATES A$ C$ ftwfc ECO Ffr Da H*$ H>iHs»aptH> Yea Won m *2Sf>afcH N»• S$ »a»d Sir NTS Mt>W< US$ A"*** 05« 3 769 1.126 4J18 26.267 ***** 0.861 8.522 2.599 1.188 28.723 25.472 1044 3.774 0.944 ***** 25.905 0.372 0.618 Sf?* 5678 0628 4172 1245 5.301 28.972
        1,251 words
    • 1709 17 SICOM FUTURES ,M2 RUSKR Mam ctoiwg m «t 5.30pm) RSS1 cwtsAg) CtoM Volume Opto Mowtfc Low Sett (tonnes) lgtf«st A«J 98 121.25 340 Sep 96 122.50 340 Oct 98 123.75 1550 Nov 98 125.25 1550 DtC 98 126.75 1550 Jan/Mar 99 130.25 1800 Apr/Jun 99 134.50 1950 Jul/Sep
      1,709 words
    • 2297 17 LONDON Mntriib •M2 Peace 31 Group 612.000 ♦2.000 AB Ports 328.000 unch Abbey National 1066.000 8.500 Allied Domecg *****0 7.000 Am#c 169.000 -3.000 Asda Group 204.000 0.400 BAT Ind 612.400 3 000 BGPtc 363.000 7.000 BtCC 141.600 10.600 BOC Group 865.000 17.000 BP Petroleum 910.000 10.000 BTR
      2,297 words
    • 1634 17 Bloomberg □Nikkei 225 +106-81 JAPANESE stocks traded mixed as traders bet the government's plan to close insolvent banks won't be easy to implement. Banks such as Dai-Ichi Kangyo Bank Ltd, which surged over the past four days, fell. Retailers such as Ito-Yokado Co rose. "People bought on rumours of
      Bloomberg  -  1,634 words
    • Article, Illustration
      1520 18 Reuters rl Hang Seng *323.06 STOCKS raced to a higher close yesterday, taking their cue from stronger overseas markets and a Chinese interest rate cut, brokers said. The Hang Seng Index jumped 323.06 points to end at 8,866.16 after hitting a high of 8,970.74. Turnover picked up to a
      Reuters  -  1,520 words
    • Article, Illustration
      605 18 Reuters n Shenzhen B Index -0.06 SHENZHEN'S hard currency B Share Index ended slightly lower yesterday in seesaw trade, despite a cut in bank interest rates that took effect on Wednesday, analysts said. Most investors were still waiting for specific policies from Beijing to boost the B share market,
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  605 words
    • 389 18 AFP rIWP Index +***** TAIWAN share prices closed higher yesterday buoyed by overnight gains on Wall Street and rallies on bourses in Hongkong and Japan, dealers said. The Weighted Price Index rose 268.30 points to 7,817.11. The market was closed on Wednesday for banks to settle accounts for the
      AFP  -  389 words
    • 266 18 AFP H Wellington -*46.62 NEW Zealand stocks were 2.3 per cent up yesterday on the back of falling interest rates and high turnover. The NZSE-40 Index was up 45.62 points to 2,054.20. Turnover was NZ5160.5 million. Telecom Corp traded in high volumes worth more than NZ$46 million, ending up
      AFP  -  266 words
    • Article, Illustration
      798 18 AFP Ffscr Index +10.65 THAI shares soared 4 per cent at the close yesterday, riding a wave of positive sentiment as investors waited for news of major banking reforms in Japan, analysts said. But dealers pointed out the market closed off its highs with some doubts the proposed "bridge
      AFP  -  798 words
    • 412 18 AFP Dfomponte Index -3.79 SOUTH Korean share prices closed 1.2 per cent lower yesterday on profit-taking in the retail sector, dealers said. They said investors were also worried that other banks may also be shut down following the forced merger of five banks earlier this week after they failed
      AFP  -  412 words
    • 590 18 AFP rl All Ordinaries -*413 SHARES gained 1.6 per cent yesterday thanks to strength in overseas markets and hopes of a continued turnaround in Asia, brokers said. The All Ordinaries Index ended 43.3 points higher at 2,742.7. The All Industrials Index climbed 78.7 points to 4,807.4 while the All
      AFP  -  590 words
    • Article, Illustration
      708 18 AFP 9% Composite Index +9.83 SHARES closed higher yesterday amid high expectations that the Japanese economic stimulus package would lift regional currencies and market sentiment, dealers said. "My feeling is this will probably not last long," said a dealer with a local brokerage. The Composite Index was up 9.83
      AFP  -  708 words
    • 297 18 AFP n Manila +74^3 PHILIPPINE share prices closed 4.2 per cent higher yesterday in reaction to the stability of the Japanese yen and positive local developments. The Philippine Stock Exchange Composite Index rose 74.23 points to close at 1.856.19 points. Volume rose to 758 million shares worth 1.57 billion
      AFP  -  297 words
    • KUALA LUMPUR STOCK MARKET
      • 404 19 AFP Q Composite Index +&97 MALAYSIAN share prices closed up yesterday but off earlier highs as buying led by expectations over Japan's bridge bank plan lost steam amid a weakening yen, dealers said. The Composite Index rose 6.97 points to end
        AFP .  -  404 words
      • 8215 19 INDUSTRIALS Consumer protects 1998 Last Vol Day Ntt Cap High Low Company Sal* OOO High Low P/E SmM 310 180 Ajinomoto 218 12 0 88 4 148 58 Angkasa 59 -1 27 62 59 1.4 87.0 290 123 Apollo F ood Hlg 142 4.1 56 8 388 190 8er,ayaLand 242
        8,215 words
    • WARRANTS & OPTIONS
      • 217 20  -  WARRANT WATCH IUVyI -R R Sivanithy A FEW months ago, we highlighted a relatively new warrant product in Australia, the instalment warrant. Launched by Bankers Trust, the instrument has proven hugely popular Down Under; the Aussie financial magazine Shares in its June issue described it
        217 words
      • 3417 20 BONDS, LOANS k WARRANTS wt '998 Last Vol Day Last Quota Avg H«jh Law Stno Company Sala *or rOOOl H.<jn Low Buv«< Setter Pnc« 23-5 9 in 3000 m AM06 cS.5%*****6 10 9 13 20.5 5 3160 -Acer ******1USS US 6.5 5 7 95 as 3164 Acma W*****4 10 -0.5
        3,417 words
    • 2346 20 Transaction date Jul 2 MALAYSIA* STOCKS Gf Gf T998 Last Vol Day Last Ouote Oiv Mv VM Net M Cap HH» Low Stop Company Sale COOP) High Law Buyer SaBar CV P/t Smi Q 5 2i ms 5000 AISBSOc 49.5 *05 231 il5 495 495 io SO 31
      2,346 words
    • 5983 21 iooa Gr Or M w u U«l VeJ Day Lett Ouote Dlv Wv YM Net Cap A VI t!? StWo Company Sale COOP) High Low Buyer Seller Cvr P/E Smil Prki MOUSTRUU.S *3 13 1020 ACE Dynamlcs20c.... 14 unch 25 14 14 13.5 14.5
      5,983 words
    • 1186 21 StNo CofflMnv sil' U1 V L»»t 0u*a DW Otv YW Nat C« A.g 9 stH# c °mpany M M< Law »uyar StMr <s C'vr P/E $mll Prlca 134 50 a 2000 ABRMtdgsSc SO 52 86 I I I I 80 2049 AS Auto 10c 71 *0.5 926 74J 70
      1,186 words
    • STOCK EXCHANGE OF SINGAPORE
      • 228 22 Stacks voium* DBS Land 16,751,000 Wing Tai 25c 15,157,000 Easyknit HKIOc 15,070,000 SingTel 15c 10,790,000 *M Resources 9,887,000 •RHB Cap Wt99 9,824,000 •MBf Capital 8,638,000 •Pub Bk Foreign 7,268,000 •Rekapacific 8h 7,264,000 •Renong Bhd 50c 5,681,000 Stocks SPH 56,690,643 OCBC Foreign 29,898,200 SingTel 15c 27,813,807 DBS Lar* 26,215,610 City Oev
        228 words
      • Article, Illustration
        80 22  -  -by! Shiv Taneja OUB Bank's Foreign tranche closed 10 cents higher yesterday at $3 98 on a volume of 2.87 million shares, more or less in line with its 10-day traded average of 2 9 million shares In the near term, there is more upside in store for
        80 words
      • 682 22  -  STOCK MARXBT COMMENTARY S'pore market boosted by strong demand for leading blue chips but gains pared by late pull-back in Tokyo By R Sivanithy [SINGAPORE] Growing hopes of a recovery in Japan that could spread regionwide yesterday sent the local market
        682 words
      • ON THE GRAPEVINE
        • 111 22 STEWART Aldcroft, marketing and sales director of the Templeton group in Asia, has been named Global Fund Marketer of the Year by Global Fund News, a New York-based magazine for the fund management industry. Mr Aldcroft has been credited with "solving the distribution dilemma" especially In Singapore
          111 words
        • 65 22 WE note that two former partners of Shook Lin Bok have left to start their own law firm. Alfonso Ang and Kim Seah have Joined Henry Hoe to form A Ang, Seah Hoe with effect from yesterday. Mr Seah is a specialist in banking laws
          65 words
        • 89 22 VISA'S senior country manager Richard Chang yesterday related a recent travel experience. On a Silkair flight to Phnom Penh, he was one of the six passengers with four cabin crew to pamper to all his in-flight needs. This was just as well because relaxation was hard
          89 words
        • 63 22 IT seems gold is the preferred colour when it comes to credit cards. Citibanker Edmund Koh revealed that cardholders' spending on gold cards is more than on the multi-coloured ones. The wisdom from marketeers is that people think gold denotes a certain dignity and they do
          63 words
        • 106 22 WE hear that hotels in London are already hilly booked for the last weekend of this year. No, this is not the result of a rush of tourists planning to celebrate pre-millennium parties in Hyde Park or attending year-end memorials for Princess Diana. The bookings
          106 words
        • 89 22 AT the opening ceremony of the new airport In Hongkong yesterday, the event compere Frances Yip raised a few chuckles when she announced that the Chief Secretary Anson Chan had arrived at the airport in her cdr with the number plate "No I". Oops! Miss Yip immediately corrected
          89 words
        • 85 22 HERE'S one more from Joseph Estrada's collection of colourful quotes: On his plans as president of the Philippines, he said: "I promise to use all the powers of government to stamp out crime, big and small, Annani or no money." Yet another colourful quote, this time
          85 words
  • Page 13 Advertisements
    • 203 13 This announcement appears as a matter of record only. OUB SOVEREIGN EMERGING MARKETS CBO I LIMITED U5X241.380.000 Collateralised Bond Obligation Backed by a U*****.654.444 portfolio of sovereign emerging markets bonds Collateral Manager OUB Asset Management Ltd I Advisor BEAR STEARNS ASSET MANAGEMENT Senior Notes Guaranteed By AMBAC ASSURANCE CORPORATION Arranger
      203 words

  • Page 14 Advertisements
    • 25 14 THE WORLD S LEADING OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS BAHAMAS JERSEY BRITISH VIRGIN ISLANDS MAURITIUS CAYMAN ISLANDS SEYCHELLES IRELAND WESTERN SAMOA Si www.ocra.com 171
      25 words

  • Page 15 Advertisements
    • 346 15 BUSINESS Xoticcs To advertise call toll-free 1800-741 1883 THE COMPANIES ACT CHAPTER 501 SECTION 290(2Kb) NOTICE Of BESOUmON SET AF ASIA PTE LTD (M MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of Setaf Asia Pte Ltd held at Suresnes, France on the 30th day ot June 1998, the following
      346 words
    • 339 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DAI BO BOEKI (S) PTE LTD ON MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of DAI BO BOEKI (S) PTE LTD, duly convened and held at the registered office, 108 Middle Road,
      339 words
    • 362 15 SHERIFF S SALE MOTOR SHIP OR VESSU "CEORCKJS (Admiralty In Rem No. 220 of 1996) PARTICULARS OF VESSEL Name of Vessel "GEORGIOS" Call Sign SVPC Port of Registry Piraeus Type An all steel welded/constructed Bulk carrier with cargo holds forward and accommodation/ navigation/ engine room space aft. Dimensions 155.52 mL
      362 words
    • 273 15 TheßusinessTimes SINGAPORE Presents Cv|H| GooaLife Jl% Guess the 'Good Life' Lifestyle activity shown in the picture Q The Business Times, your business daily, now brings g you the latest fragrance from Davidoff and $20,000 worth of prizes! I The Business Times gives you the latest and best in-depth reports on
      273 words

  • Page 16 Advertisements
    • 89 16 80LD/^PFEIL GERMANY P The Voyage Collection is made of an extremely durable and practical, high-quality twilled nylon fabric. The leather edging is in finest leather with a vertical grain. The strap is made from nylon, offering the same features as a safety belt Trolley bags: $498 (left) $398 (right) Boutiques:
      89 words
    • 18 16 PT.ct Mow 1 m See Sunday a Sunday Classified social on antiques, collectors' items, and arts crafts LJILsJ
      18 words
    • 31 16 I FREE! If you have found something, you can advertise for free in Classification 821 (Found) I to seek its owner. m Call CA.T.S. at 9 1800-737-1166. cats. Another Classified Service
      31 words


  • Page 18 Advertisements
    • 28 18 bouquet of flowers my girlfriend. 1 dr "7""" /VK r-. < Buying or selling through VI J|H|V Ulad you The Straits Times Classified is child's Play. caicATA* 1800-737-1166. S
      28 words




  • Page 22 Advertisements
    • 462 22 BUSINESS X()t i('CS To advertise call toll-free* 1800-74MSS^|^ IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WORRALL TRADING PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 290(2)(b)J At an Extraordinary General Meeting of the Company held at
      462 words
    • 503 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JAGENBERG (FAR EAST) PTE. LTD. (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at Jagenberg Strasse 1, D-***** Neuss, Germany on
      503 words
    • 396 22 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND ARDENT WAY PTE LTD (Incorporated in the Republic of Singapore) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at 336 Smith Street #06-304 New Bndge Centre, Singapore *****6 on
      396 words
    • 526 22 IN THE MATTER OF THE COMPANIES ACT (CAP. SO) AND SPROMAK ASIA PTE LTD (Incorporated in the Republic of Singapore) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at 336 Smith Street #06-304 New Bridge Centre, Singapore *****6 on
      526 words
    • 450 22 f\HE COMPANIES ACT CHAPTER 5? SECTION 2M(2Kb) notici OF MMmnaa HEDRICH FAR CAST PT« LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of Hedncti Far East Pte Ltd held at Greifenthaler Strasse 28 0-***** Ehringshausen-Katzenfurt Germany on the 26th day of June 1998, the following special resolutions were
      450 words
    • 483 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CIRCULAR LOGIC PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 290(2Hb)] At an Extraordinary General Meeting of the Company held at 9 Penang Road #13-21 Park Mall. Singapore *****9
      483 words
    • 650 22 THE COMPANIES ACT. CAP. 50 NTS TRADING AND CONTRACTORS CO PTE LTD (In Voluntary Liquidation) At in Kxtraordinary General Meeting of the Members of N T S Trading and Contractors Co Pie Ltd duly convened and held at 336 Smith Street #05-310 New Bridge Centre. Singapore *****6 on 30th June
      650 words
    • 293 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 And IN THE MATTER OF WEI LING SPORTS (PTE) LTD (In Members Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 336 Smith Street #06-308 New Bridge Centre Singapore *****8 on 29th June 1998
      293 words

  • SHIPPING TIMES
    • 303 23 Bridge News, Reuters THERE was a little activity in the handy-sized grain trades here, but generally trading here was minimal, brokers said. With a plentiful supply of tonnage for the available cargoes, rates continue to be weak. Fixtures TANKERSe Activity was seen as having slowed down in most
      Bridge News,; Reuters  -  303 words
    • 286 23 aw MZ CWT Distribution 0.42 *0.005 U Chuan Hup 0J75 unch 43 Cosco Invastmant... 0 SI *0.01 1 FraiqM Links 0.195 unch 38 G8 Hoidlnqs 0.20 M*i Sun Hup 0.395 unch 128 Hitachi Zosan 0.S75 *0.005 70 IMC Holdings —HK 5.60 Jaya Holdings 0.40 unch 20 Jurong Shipyard8.50
      286 words
    • 526 23  -  Despite Asian crisis, terminal expansion thesizeof S'pore port needed in next decade: Drewry By. Felix Chan [SINGAPORE] Container terminal expansions equivalent to a port the size of Singapore will be required in the next decade to service anticipated growth in container traffic
      526 words
    • 213 23 AFP [SHANGHAI] A long-awaited project to dredge the mouth of the Yangtze river so that Shanghai can become an international shipping centre has taken off, Xinhua news agency reported. The overnight report said the current phase of the project, which began on
      AFP  -  213 words
    • 740 23  -  ADMIRALTY CASEBOOK By\ Selva Kumar CONFUSION over who was responsible to purge with nitrogen the tanks in a liquefied gas carrier led to a time charterer being held liable for contaminated cargo although the vessel's sub-char-terer appointed the surveyor to inspect
      740 words
    • 118 23 Bridge News [TAIPEI] The Taiwan shipping industry is likely to be affected by the Asian financial crisis, as most companies are heavily exposed to regional freight markets, according to the country's first ratings agency, Taiwan Ratings. A report released by the agency said that while
      Bridge News  -  118 words
    • 374 23  -  By Marcus Hand [SINGAPORE] A better than expected 95 per cent of Singa-pore-registered ships have complied with the the ISM Code by July 1, the worldwide deadline for its implementation. The Maritime Port Authority of Singapore (MPA) announced yesterday that 95 per cent
      374 words
    • 298 23 [SINGAPORE] PSA Corp has entered into a five-way tie-up to operate container depots in Singapore, with plans to expand its services internationally. The joint venture company, PSA Container Depot Pte Ltd, will start operations next month and will operate from a 5.5
      298 words
    • 744 24  -  HONGKONG It was the centre of a heated tussle between Beijing and former colonial ruler Britain which delayed its opening ay. Shahiron Sahari AFP in Hongkong USED as a political pawn by China, beset by costly delays and plagued by teething problems, Hongkong's new
      AFP  -  744 words
    • 361 24 PACE Evergreen 6 ACL 9 Express TI 14 ANL 3 FoongSun 8 Accord 6 Fro,J ,5 Ahrenkiel M Ft Links 16 Appenship 5 *-«nk 4 Asm OCL 15 Gemartrans 8 M Astro 3 Genshpg 9 Austral 9 Glory Nav 16 Avant 16 HaiSunHup
      361 words
    • 18895 32 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT cL* r, f V#M v °v*>* Ttl#plK>n» I ETA ETA Atfvwtlwr VMM I Voy*g* TtOohon. I ETA ETA AMte VmZ u T n rlI. A A ft ser voyaq* Telephone ETA ETA Advert. ser Vessel Voyaqe Telephone D n Nam Nam Number Number SIN Destn
      18,895 words
    • SHIPS IN PORT
      • 641 39 Voy No Berth Arrival Dtptrturo BtArdljaye Uun9S Jw JQ| jiongmx 02.07/1800 Bt Kandi Jay *****8 J01 alongside 02.07/2000 M Pttl T*tor *****8 J01 alongside 03.07/0900 Bt Usalta Mur *****8 J01 alongside 02.07/2359 fcriiman IIK» 260 J03 alongside 02.07/1900 1 ***** < J14 alongside 03.07/0700 IslMutttd 175-Hw J07 alongside
        641 words
      • 1752 39 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booklnq/Balanc* Rstls Ship VoyNo Etb/Btr P»rk>d From To From *ci (Mil 012 A 05/1500 U 02/1500 02/1651 02/1900 W 02/1500 02/1459 02/1*00 2* 02/1700 03/0659 01/0900 21 02/1700 01/0659 01/0900 I 01/0700 01/1159 01/1400 03/1200 01/M59 01/1700 05/1800 1* 02/1500
        1,752 words
      • 182 39 NT Brunei: Maulud. Indonesia: Mouloud Prophet's Birthday. Malaysia: Birthday of Prophet Mohammed. Jul 9. Thailand: Asanha Bucha. JnllO Thailand: Khao Phansa Day. Jul 13. United Kingdom: Orangeman's Day Holiday (N Ireland). Jul 14. France: National Day. Jul IS. Brunei: HM The Sultan's Birthday. Jul 17. South Korea: Constitution
        182 words
      • 933 39 THIS report, compiled by Cockett Marine Oil Ltd. I hows 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
        933 words
      • 402 39 Carbon 180 Mai 994.5 1.0 17.1 0.09 84 0.05 ■J** 25 Density Water Residue Ask Aluminium Sediment No above E2S 4 0 W 0 10 380 Ave 986.6 0.2 16.5 0.06 JO 0.03 (in* 380 Mai 991.6 0.9 19.5 0.11 58 0.09 Kt/M'3 V/V H M/K
        402 words
    • AIR & LAND TRANSPORT NEWS
      • 502 40 Purchase of np to 30 planes a big blow to US rival Boeing Bloomberg [PAßlS] US Airways Group Inc will buy as many as 30 widebodied planes worth US$3.7 billion (556.3 billion) from Airbus Industrie, a person familiar with the transaction said, a
        Bloomberg  -  502 words
      • 335 40  -  By] Felix Chan [SINGAPORE] After a fouryear stint as Singapore Aircraft Leasing Enterprise's (Sale) managing director, John Willingham will return to Boullioun Aviation Services to take up the post of chief operating officer. He will be succeeded by current deputy managing director Robert
        335 words
      • 358 40 JAL Express aims to help Japan's biggest airline to cut costs Bloomberg [TOKYO] JAL Express Co, a wholly owned unit of financially troubled Japan Airlines Co, has started operations by taking over two of JAL's domestic routes, helping Japan's biggest airline to
        Bloomberg  -  358 words
      • 282 40 AFP [TAIPEI] Construction of Taiwan's first high-speed railway project worth NT5431.6 billion (5521.2 billion) has been delayed after the constructor and government failed to thrash out differences on a contract, officials said yesterday. Transportation Minister Lin Feng-chen said bidding for the contract would
        AFP  -  282 words
      • 291 40 Bloomberg [TOKYO] KLM Royal Dutch Airlines NV's cargo unit and Nippon Cargo Airlines Co said they will expand their cargo marketing partnership from September to increase access in each other's regions. The two cargo carriers will increase their weekly joint flights
        Bloomberg  -  291 words
      • 622 40  -  From Christopher Tan in Gothenburg, Sweden THE besieged South-east Asian car market is likely to remain in neutral gear for at least two more years, according to a top Volvo executive. Tuve Johannesson, president and chief executive of Volvo Car
        CHRISTOPHER TAN  -  622 words
      • 1628 40 cnv fUCHT ETA FU6HT CTP S***** 1625 IH787 2359 Adalalda $0230 1910 LH6374 I7K) $***** 2359 A*stardam N***** 0755 W.844 0040 "3" S0327 0755 GA974 2255 W* 1M5 1 mar n» bjm zxte r*m*a sow noo sowo gib Auckland N***** 2050 N***** 2045 GwnfiHoa *IC S0M3
        1,628 words
  • Page 23 Advertisements
    • 20 23 New HE airport takes off, finally It was the centre of a heated tussle between Beijing and Britain. Page 2
      20 words
    • 79 23 US Airways to place big Airbus order Purchase of up to 30 planes a big blow to US rival Boeing. Back Page v -4 VIJ AGENCIES PTE. LTD. PURE NEUTRAL NVOCC TO: USA HONG KONG PUSAN OTHERS SINGAPORE: MALAYSIA: 120 Tanjong Pagar Road PENANG Tel: 04-*****36 (10 Lines) Mac-Nels House
      79 words

  • Page 24 Advertisements
    • 1086 24 NORTH AMERICA I gWCWT I OTHER DESTINATIONS I I sax super 3huttu txpwns direct ro la 1 lagßrgiiKiTDwitrci^Mu^M^B^..... BBSS mmaim] wr nm ntaw no dm hou ok nt mmon msa Iwt Ii« I KJMUjmo C£ss imuo I m u«. I^l^T 00Q MIIMH ***** 01/07 01/0 7 17/17 21/07 21/07 22/07
      1,086 words
    • 731 24 K^l^^o 0^860 3 A Members of me l-WS® 5 D V Members of the Registry of fJ •i.l Singapore F'aghl Forwarders Accredited Shipping Agents VMHV Association NS."'.y Singapore Shipping Association NORTH WEST EXPRESS LINE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO TO DAMPKR/FREMANfIE (MONTHLY SERVICE) MV "ARKTIS TBN" ETA SIN 10/07/98 BOOKINGS
      731 words

  • Page 25 Advertisements
    • 1063 25 TO EUROPE FROM EUROPE VOY SM HTM AMR ham kv SOU FXT UH 1 |viss*l VOY RTM AJM HAM NV SOU FIT ifH S*T TY* 522W 03/07 H/07 21/07 24/07 2J/07 HYHWHNESS 311 C 12/04 13/04 14/04 10/04 04/07 HY FEDERAL 312W 04/07 23/07 25/07 20/07 22/07 MAAS 5231 14/04
      1,063 words
    • 1824 25 HANJIN SHIPPING HANJM SHIPPING (S) PTI tTO tap //ww honpn torn 100*1*0 *****35 737 SAUS 37*0774 731 OOCUMMT 37M771 774 OPfUTIORS *****41 757 MAIN LiK *****55 FU ******0 CI MO **********0 M TO NW USA A CANADA u$A CANADA* ™<vsl/voy pan nw I km Ipm en ml dtt I mem
      1,824 words
    • 443 25 FULLY CONTAINIimP PIPICATIP SIRVICES VESSEL VOY SIN KG VOY SIN HKG KEL DSN PUS |WT^s!^|nt6|VESSE^^^^^^^O^SW|jlCT MONIANIA QfS 71/04 30/04 OTN 01/07 OS/P7 07/07 W/07~ WW [K|r HONGKON6 1 00ft I $071 InYWwtilllNTEt DOTS KMTCULSAN tOIS 03/07 10/07 12/07 14/07 IS/07 SmtrtiMi |ft I 19/07 I 71/07 IKNTCPUIid IKM 117/D7| 1f4)7
      443 words

  • Page 26 Advertisements
    • 1585 26 DSR-SENATOR LINES TO UK/CONTINENT TO RED SEA/MEDITERRANEAN/CANADA VOY St LtH ATM AMR MAM [iWV |FU VESSEL IvOY SW JID Off Ift FOS VIX MTW PUHMO SEMATOfI WNB2B 07 17 24 07 2( 07 27 07 21 07 30 17 31 17 JAMMSfNATO* WM3I M.t7 20 07 20 07 20 07
      1,585 words
    • 1302 26 MMG YML Internet Web http: //www yml.com tw Iu I wtf kk Jll A\* if flfc -dp E m csohp72oy,n,com tw TWICJ weekly EVERY THURsoAr ■SUNDAY VESSEL VOY RTM HAM FXT LEH ANR MING EAST JB26W OSA)7 22/07 24/07 2SAJ7 27W7 MING SUN AB27W 10AJ7 01/08 30/07 29/07 03/08 NORMANDIEBR
      1,302 words
    • 446 26 S>IJESSELTON LINE Br TlL> M«34S« FAXi ISI2IIS MUARA LABUAN vissa vor no IU vissa vot mi ru Sfoti muaia srau 1M i- raosrat VI7I/90 04/07 07/07 J-«OSfH VI7I/90 o</07 01/07 /mOOIT VI7I/90 00/07 11/07 VttOMtT VI7I/90 00/07 11/07 J-MtOSTOt VIM/90 14/07 17/07 J-WKW VIM/90 14/07 10/07 APWtOOOT VIM/90 17/07 20/07
      446 words

  • Page 27 Advertisements
    • 1320 27 VESSEL VQY SIN POU PKQ PEN BLW SUR DUB BA BIK IRAN TEYFOURI PJL 1287 08/06 17/06 18/06 IRAN MOBIN PJL 1203 21/06 30/06 01/07 IRAN QHEYAMAT PJL 1292 08/07 17/07 18/07 IRAN MATIN PJL 1297 20/07 29/07 30/07 ACCEPTING CONTAINER/BREAK BULK SHIPMENTS TO INLAND POINTS IN IRAN A CIS
      1,320 words
    • 1799 27 DIRECT SAILING TO SHANGHAI XINGANG I SINGAPORE'S GENERAL AGENTS: 6 SHENTON WAY TO; 226 1900 FAX: *****08 OUTWARD (l/l) COSTAR SHIPPING PTE LTD fi7-08MSBL0G SALES/BKGS *****41/43 INWARD OEPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD CR NO: **********0 M TOWIR TWO (*****9) CONVENTIONAL *****50/55 T/SHPMT DtPT *****25 TEL 02-07-35
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    • 578 27 EASTERN CAR LINER, LTD.'Tt^l 202 lii Ett (SINGAPORE) PTE LTD SmSXt SPECIALIZE IN ROUP 4 HEAVY lift upfo 122 TOWS j ECL (SINGAPORE) PTE LTD LOADING FOR JAKARTA MUARA MV "CIELO AZUL" V.l 7 MV "ORANGE SKY" V.83 ETA JKT U/07/98 10/07/98 11/07/98 ETA MUA 14/07/98 COLOMBO/CHITTAGONG PASIR GUDANG/PORT KLANG/PENANG
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  • Page 28 Advertisements
    • 1277 28 EUfIOfWK/SCANDINAVIA/FINUWOffIUSSIA c SGP ROM ANW HSG THP ZEE LHV I LHV THP BOM ANW HBG PKL SGP "OmWWKg 04*7 23*7 21/07 24/07 26*7 27/07 IE REWARO RE-020 05/ M 08/06 06/06 W/06 11/06 04/07 OS/07 RW*°ol 13*7 31/V7 05,08 01/00 03AM 04/00 86AM IE RIGHT RE-034 11/00 1100 12/00 10/00
      1,277 words
    • 648 28 MAC-NELS S'PORE M'SIA Carrier: MN CONTR UNES, INC p.guoang iot) *****26 l-JVy £J cmttonxomoootm SJBU: (084)*****9 MAN1LA:(632)*****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21)*****07 MON: (61) *****3 KUCHING (082) *****1 -3 BARCELONA HAIPHONG MV "VILLE DE SAGITTA" V.235W MV "ULTRAFLEX FEEDER" V.9814N
      648 words
    • 441 28 NANTAI LINE FULLY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA vessel I vor I siw puj do> ctt I »/mt lUNTAI QUEEN VOTtS 10/07 11/07 77/07 21/07 31/07 NANIAJ DRAGON VQO7S IS/07 75/07 79/07 03/08 mCttIHMKE VQ73S 74/07 09/06 14/08 MANTAI VENUS VO7K 03/0» 17/08 14/08 71/01 75/01 GOLDEN DRAGON VOOtS
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  • Page 29 Advertisements
    • 439 29 Mk MYANMA PHHk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) VKSU VOY SIN PKI PIN PGU MONGIA ISW SU SITTWI 81W SU) MAUYSIA AGENTS: BOUSTIAD SHIPPING AGOKKS KUL Til (03)*****00 PKL" HI (03) *****01 KM: Til (04)2****** PGU: Til (07) *****21/4 BANK LINE (A s>fvk« of Andnw
      439 words
    • 1142 29 \HMN^ I HYUNPAI MERCHANT MARINE CO., LTD, Ivtssa VOY |SM I SOU lUM I ITM I AMT rHAM lIV I Fa I [Ytssa VOY SOU UH ym AMT HAM BRV 1 FB I {U TYW 522W 03/07 24/07 25/07 19/07 21/07 HYHKHNBS 3111 10/06 TT?O6 13/06 U/06 ***** HYFtDOAI 312W
      1,142 words
    • 1077 29 I mi v ipeoohiad outacomerc S^S^Sv£S £L,fS£/V (^)©C§(2](S TO NORTH AND LATIN AMERICA "RORO HEAVYUFT SERVICE" J I*™ 1 VOT >W Ht>GHT I I LAI 1 CBL MIA SAY lAL ORF NYC HEW MM TAIKO FBl4 400 Tow 6.3 M 15/07 10/08 19/08 22/08 24/08 26/ M 27/08 28/08 '07/W~'O57W~
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  • Page 30 Advertisements
    • 817 30 BANQKOK/LAEM CHABAWQ JAKARTA/PAN JA NO VESSEL VOY SIN BKK LCH VESSEL VOY SIN JKT PJN MATHU BHUM 370W 04/07 08/07 07/07 DEJA BHUM 7S4S 04/07 09/07 RATHA BHUM 20N 04/07 08/07 ANRO GOWA* 040 04/07 08/07 YANTRA BHUM" 247N 05/07 08/07 09/07 ACX JADE> 24S 08/07 09/07 ACX RUBY 25N
      817 words
    • 520 30 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD, SINGAPORE 0206 TEL: *****68 FAX: *****64 TLX: R*****5 SINMER CR No: **********0W R«ce<w>g Cargo at PTI I Blntulu I I Muara j VESSEL VOY SIN H« VOY SIN MUA Bfidott V9809E ktf-04/07 09/07 Miodc V9BIIE 04-05/07 09/07 IS«io V9813E 08-09/07 14/07 MGoW
      520 words
    • 676 30 1 ACCORD A SHIPPING PTE LTD m ***** IS (40 Lin..) FAX *****30 WTKIAMG (03) U7 1001 M M DIRECT ACCESS TEL *****55 (EXPORT BOOKING) HSMt GUOAMC 10/) 151 1177 *****34 (EXPORT DOC), *****39 (IMPORT) niutic URL;MTTP://WWW.ACCORD.COM.SG JAKAKTA (i,) 640 0770 POKT ETA SIN PORT ITA SIN PORT m S
      676 words

  • Page 31 Advertisements
    • 421 31 INDONESIANAriONALUN^I TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE y|l OAM/R QAM HBUHG BREMEN AHTWEHP VESSEL 47W1 22M 27/08 OMIT 02/99 TO AUSTRALIA FULL CONTAINER SERVICE 5 wy m m w MR w m Ht «A«JOAI 185 817H17 12*7 17*7 2MT7 TXI 7%K1 P*Q XDU-OTD BflrSBA)€ OSS OM7 11*7 22*7 24*7 27*7 02.08
      421 words
    • 776 31 f SSSiPfy PACIFIC INTERNATIONAL LINES (PTE! LTD^ I SSSSSSSSS■Mm 140 Cecil Street, #03-00 PIL Building, Singapore *****0. CR NO **********06 I [VESSEL VOY PKL SIN'"I FKE SYD Mil MM HI AM FM WI I KOTA PERTAMA PTMOO9 5/7 14/7 18/7 21/7 25/7 31/7 1/1 lUNGA TERATAII BTU2S3 7/7 »/7 15/7
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    • 894 31 VESSELS I VOY SH T JED MLA LEH HAM THP RTM VXEDEVWGO S2OW gj/m IVO7 aVQ7 XMT ZMJ 29H07 29»C7 aVQ7 VM-LE DK.VELA NMMf 14f1>7 22f1>7 27/07 02/08 j. 03f1)6 06/08 05/08 08/06 V*-L£ D€ GEMMA H26W 21/07 29*07 03/08 0U» 10/06 12rt6 1206 WOt~ |Vtl£D-OWON \Y2tM 28AT7 QVOB *****
      894 words


  • Page 33 Advertisements
    • 58 33 STEflffc Dial 740-6000 on demand 1 —(Retrieve more schedules!) Press "1" J i CT Jp\ Select the port and key in ST yj the four digit code —eg: To New York (NYC) 2275 ste£) Cey in your fax number I your phone number Anotfw innovative service offered by e The
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  • Page 35 Advertisements
    • 53 35 Sl£| Dial 740-6000 on demandl —JmmJ (Retrieve more schedules!) S^jjj^^Pre»"1 ,t CT JCV Select the port and key in 5 the four digit code Jftr eg: To A/ew York (NYC) 2275 SJ© Key in your fax number J your phone number Another innovative service offered by The document Will be
      53 words

  • Page 36 Advertisements
    • 875 36 -esamudera 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. 1047M*****D L^!i!!!^.PA L i.--.-LK l -L^ 22 A 94 1 /f 3 J E l CA/CELIA/MEI CWAM E2Z*****8E2M 7 SLGS/WEEK [2EJESZ3I 2 SLG/WEEK [VESSEL VOY SIN JAK
      875 words
    • 516 36 NfiSl EN6 LEE SHIPPING CO PTE lIDI I T«fc S33OS7S (4 Uml Fax: S)10tll/53UtM I 1 T «iw ISIWUMMC I Vissa VOY SIN HA SIN ETD DESTINATION Mono No 26 15/98 02/07 03/07 Duma AtacoWo42 15/98 04/07 05/07 Pewong/BuHon ftwDoyo 11/98 05/07 06/07 Perowang/P Boru/Buoton Boono Indor 10/98 05/07 07/07
      516 words
    • 366 36 SIM 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 05/07 GUANGZHOU/HUANGPU/SHENZHEN FUZHOII/XIAMEN/SHANTOU/SHEKOU OALIAN/SHANGHAI/XINGANG TIANJIN/QINGOAO/HAIKOU SiM EUROPE/UK 06/07 LDN/FLX/LVP/SOU ROM/ANT/LEH/HAM/GOT/OSL also accepting cargo to EASTERN BLOCK COUNTRIES SltL USA/CANADA 05m LOS ANGELES/NEW YORK all IPI points
      366 words
    • 500 36 I CCC% Singapore Soviet Shipping CPL I d* IOOSMMMI I k\\l MidtiSnt Shipping PI I W33J 'WUKOtmWSaMny! I a H« U*****0000C I VESSEL VOY SIN BOM PNG PKL I KOTA RATU RTUOI3 01/07 09/07 20/07 22/07 I SEA SUCCESS 1 115N 00/07 17/07 28/07 30/07 I KOTA RUKUN RKNOO7 14/07
      500 words

  • Page 37 Advertisements
    • 1040 37 i ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE! I VESSEL VOY SIN CMB PIR ILA SPEZIA I VIC I LEH I FXT ANT MX SOPHIE 9925 3 05 JUL 09 JUL 18 JUL OMJT OMIT OMIT 26 JUL 27 M MSC MARTINA 9826-3 12 JUL 16 JUL 23 JUL 26 JUL
      1,040 words
    • 1436 37 imuunotP OSWM4 'iriaf i?O7 mst th>7 m ~SL" —I9B_-tiSQIL JWOL BBBNTHNtQMBM 04WU7 09.07 2507 1747 HO7 0 1 OS ™22T JiK! ,Mt ,U "'O7 0107 090? Ig I I 1 lasai aaslaalaal isl sslss I aslas las as jST.mns MM J "ST I a, la, 1 "i—HwH BSZL .«J »J
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    • 99 37 <r For Booking Please Call g Esitee/Zarina: (65) 222 7022 B Dalian Shanghai S Haikou S 0 Fuzhou 4$ Shenzhen Guangzhou J, gj Hangzhou Wuhan Huangpu Qingdao Zhongshan 'C Zhuhai OUR NEXT SAILINGS B Ml VALUE" V.*****N-036 ETA SIN 0107*6 !£< RESDEN EXPRESS" V.41ED24 ETA SIN 02Q7W HS EDLLOYD AMERICA"
      99 words

  • Page 38 Advertisements
    • 588 38 I VESSEL VOY SIN MAA SIN I TIGER BRIDGE 633N 03-04/07 09-15/07 20-21AJ7 I TIGER WAVE 634N 06-11/07 14-1&07 24 2&07 I WEISS HORN 9a<o6 11-2007 23-23/07 I TIGER BAY 635N 12-13/07 17-24/07 29 30/07 TIGER ISLAND 636N 15-1607 20-25/07 30-31/07 I TIGER BRIDGE 638N 22-23W7 28 03/08 08 09/08
      588 words
    • 1001 38 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesinQsingnet.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 22/07 26/07 RAO NEDLLOYD TEXAS VOBEX27
      1,001 words
    • 1010 38 OOCL (Sinoopore) Pte Ltd CFS Keppel Distrpk 79 Ajkm Rood #21-04 (S) *****6 Mk 513 #01-128 cfr), m C* NO **********0H W: 272 7127 for bookmq JSMA W: *****13 Foi 221 3942 fax: 272 7825 ;/p\ j \Y\ MZm|| OOCL (Malaysia) Sdn. Bhd. 1 I PfTAUNG JAYA W: 03-7W 776
      1,010 words

  • Page 39 Miscellaneous
    • 102 39 z LEGEND: R Thunderstorm T emperoture o c OW#f W oth#r rJ Wind direction with speed m knots Rom (J Cloudy Sky Wove are moated b, arrow, wfccfc tty ..H, the On. M c.d. crtm r>o iinn *oM tnongt. represent! 50 knot* 01 05n»«.02- 10 rn.tr*, 03 5 c c
      102 words

  • Page 40 Advertisements
    • 111 40 FOR SALE i,THE ORIENT EXPLORER (NOW IN SINGAPORE) A SMALL PASSENGER CRUISE SHIP (FERRY) BUSINESS OR PRIVATE 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, powered by two 900 hp Diesel
      111 words