The Business Times, 23 July 1998

Total Pages: 44
1 44 The Business Times
  • 21 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c S I N G A P 0 R E Internet: http://www.asial.com.sg/biztimes THURSDAY, JULY 23, 1998
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  • 71 1 sra M 6&66 (-9.86) BT-SRI 468.78 (-15.23) BTOQMP 902.78 (-11.77) BTMGA 58L37 (-15.17) CI HAUET MOOD: U Mixed STOCK KASKET INDICES Wednesday Change KLSE COMP 421.91 -1551 NIKKEI *****.06 -263.63 HANOSENG 8,420.72 -143.83 SET INDEX ***** -0.82 JAKARTA COMP __483.0« -6.18 MANILA COMP 1,711.76 30.9 TAIPEI WPI 7381.06
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  • 79 1 POBEX KATES us$ s$ CSS 1.711 £(USS/S$ per 1.642 1809 DM 1.784 0.969 YEN 140.6 1516* RM 4.169 0.411 HKS 7.748 0.23 1 BAHT 41.00 0.042 RUPIAH 13.990 0012* 'St to 100 untu PRIME RATES SINGAPORE* 7.88 KUALA LUMPUR 11.50 .JAKARTA 28.00 BANGKOK 14.75 MANILA .2190 HONG KONG 1025
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  • 765 1  -  More stringent loans, so rise in affordability not commensurate with price falls By i Clarissa Tan, Diana Oon [SINGAPORE] Buyers of private property are likely to have to stump out substantially more than 20 per cent cash for their new homes as
    765 words
  • 316 1  -  By: R Sivanithy [SINGAPORE] Words of caution from Federal Reserve chairman Alan Greenspan on Tuesday about inflation and interest rates reverberated through the region yesterday, further weakening the al-ready-floundering stockmarkets. There was also a slide in the Japanese yen from 139 to almost 141
    Source: Bloomberg  -  316 words
  • 444 1  -  Don't just brush our ideas aside as voodoo economics, he says From Eddie Toh in Kiuila Lumpur MALAYSIAN Prime Minister Mahathir Mohamad is no longer alone in his crusade to control currency speculators, said Special Functions Minister Daim Zainuddin yesterday. "When
    444 words
  • 450 1  -  Project seen having 'multiplier effect' leading to other investments By: Ronnie Lim [SINGAPORE] In what will be their first manufacturing tie-up here, oil giants Shell Chemicals and Mobil Corp are discussing a petrochemical venture which could initially cost some $200
    450 words
  • Page 1 Advertisements
    • 133 1 nrsTOE Taken off the road More cars, especially luxury models, are being deregistered before their 10-year lifespan, Pg 16 Hack Lock Slew It's a good time for company directors to buy shares in the companies they manage, Pg 17 <>mg for losses Thailand's entire financial sector is expected to plunge
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    • 4 1 Greenspan's testimony, Pg 10
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    • 194 1 Gates makes deputy Microsoft president V \J REUTERS [REDMOND, United States] Bill Gates (left) has broadened the leadership at Microsoft by handing over the presidency of the company to Steven Ballmer. Mr Gates remains as chairman and CEO. They are seen here talking to reporters after the announcement of the
      194 words

  • SINGAPORE AT HOME & ABROAD
    • 407 2  -  By Marissa Chew TEN companies five local and five foreign have won this year's International Trade Awards (ITA) presented by the Singapore Trade Development Board (TDB). Of these, five are secondtime winners: Informatics Holdings, Venture Manufacturing, Hewlett-Packard Singapore, Maersk Singapore and
      407 words
    • 365 2  -  Global move affects managers above a certain level By. Annette Pau ABOUT 30 senior executives from a Hewlett-Packard unit in Singapore have taken a 5 per cent pay cut as part of the group's worldwide cost-cut-ting measures. The staff affected
      365 words
    • 351 2  -  By Teh Hooi Ling THE worst of the currency crisis is over, but Asian currencies are still vulnerable. Asian equities are offering good value, but nobody can tell where the bottom is. A recovery depending on the correct policy implementation is
      CHRIS LOH  -  351 words
    • 387 2  -  This will help firms respond to market changes: EDB chief By i Carol Eng SINGAPORE can serve as an "information centre" on news and developments in Asia for companies worldwide, said Economic Development Board chairman Philip Yeo yesterday. Businesses need such information
      387 words
    • 324 2  -  Number of cards in issue up, but card spending down in second quarter By\ Slow Li Sen THE looming recession is being felt in the credit card business. While credit card rollover debt is escalating and the amount of bad debt written
      324 words
    • 317 2 WHILE Singaporeans are generally positive about cybershopping, few of them have put their money where their mouths are, according to a survey by the retail consultancy arm of Temasek Polytechnic. Retail Link surveyed 1,800 Singaporeans who
      317 words
    • 257 2 WHEN it comes to bigger projects, local contractors are less competitive than foreign ones, said Parliamentary Secretary for National Development Koo Tsai Kee. While local contractors secured more than 80 per cent of all jobs worth below $100 million each
      257 words
    • 336 2  -  EYE ON THE ECONOMY Re-exports By. Audrey Tan X SINGAPORE'S re-exports to three Asean economies shrank an average 20 per cent in the first half, as the regional recession hit domestic consumption there. Figures released on Monday by the nr* j yv i a n
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    • 438 2  -  One-third of firms here are victims; most are inside jobs By< Conrad Raj AN international survey of fraud in 32 countries by auditors Ernst Young and Cardiff University found Singapore to have the lowest incidence of such crimes. Yet one in three
      438 words
    • 313 2  -  By\ David Boey NTUC secretary-general and Minister without Portfolio Lim Boon Heng yesterday said there has been no contradiction between what he and Manpower Minister Lee Boon Yang have said about possible cuts to the employer's Central Provident Fund rate. Speaking to reporters, Mr
      313 words
    • NEWSRoundup
      • 62 2 DEPUTY Prime Minister Tony Tan last night presented awards and commendation certificates to 48 companies and bodies that have been supportive of National Service, NS policies and their employees' NS activities. The recipients of the SAF Award for Employers, introduced in 1966, included the
        62 words
      • 48 2 Y Y Wong, chairman of the Wywy Group, has been appointed Professor of Entrepreneurship at the University of Stirling, Scotland. He is the first non-British citizen and only the second person to be bestowed an honorary chair in the history of the university.
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      • 11 2 PARLIAMENT will sit next Friday at 12.30pm.
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  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • FOCUS: PROPERTY
    • 765 4  -  Buyers tempted by average $100,000 price fall since Q*****, shorter wait and larger floor areas By- David Boey [SINGAPORE] HOMEMAKERS on the prowl for a family-sized Housing and Development Board (HDB) flat at a reasonable price can find some tempting options on the five-room
      765 words
    • 1192 4 HDB transactions from June 15 to June 30 1998 TW POSTAL TRANSACTION BOLT-M PHCE PSF LOCATION tXSTBCT DATE (SOFT) (SJOOO) (S$) Bukit Batok West Ave 8 *****6 15-Jun-98 807 130 161 PetirRd *****0 15-Jun-98 807 139 172 Bt Batok West Ave 8 *****8 16-Jun-98 807 149 185 Towner
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  • Page 4 Advertisements
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  • SOUTH EAST ASIA
    • 312 5 RUN-UP TO ASEAN MINISTERIAL MEETING [SINGAPORE] THE economic crisis in Asia and Asean's unity are likely to be on Singapore Foreign Minister S Jayakumar's mind when he attends the 31st Asean Ministerial Meeting, which kicks off in Manila tomorrow. With nearly every Asean member
      312 words
    • 474 5 JAKARTA Community assured of protection, equal treatment: Ciputra Bloomberg Reuters INDONESIAN President B J Habibie met the heads of 10 of Indonesia's largest ethnic-Chinese-controlled business groups in a bid to alleviate their security concerns. Dr Habibie assured the businessmen that the economically
      Bloomberg; Reuters  -  474 words
    • 134 5 JAKARTA AFP INDONESIAN President B J Habibie will exempt Batam Island from luxury taxes in a bid to boost investment in the special industrial zone amid the country's economic crisis, an official said yesterday. "The president asked for Batam island to be turned into a
      AFP  -  134 words
    • 440 5  -  But Asean has not decided what it will do if elections lack credibility: official From, Al Labita in Manila THE nine-member Asean has yet to contemplate its options if Sunday's general elections it backs in Cambodia turn out to lack credibility, a senior official said
      440 words
  • Page 5 Advertisements

  • ASIA'S ECONOMIC SLUMP
    • 377 6 Turmoil set to hit US economy harder than expected Bloomberg AFN [NEW YORK] The Asian financial crisis is far from over and is likely to take a worse toll on the US economy than many analysts have forecast, said John Lipsky, chief
      Bloomberg; AFN  -  377 words
    • 269 6 Most reject calls to replace finance minister AFP [BANGKOK] Despite being steeped in red, Thai bankers are overwhelmingly supportive of the government and its reforms, according to survey results released yesterday. The poll by Bangkok's Assumption University of 321 bank and finance company
      AFP  -  269 words
    • 477 6 Change could hurt China exporters when others devalue in parallel: World Bank economist Reuters [BEIJING] Any attempt by China to devalue its currency to boost export competitiveness would not bring the expected benefits and could actually hurt Chinese exporters, a senior World
      Reuters  -  477 words
    • 345 6 Reuters [TOKYO] Japan's trade surplus logged a rise for the 15th straight month in June, the government said yesterday, but the pace of increase slowed as imports were not as weak nor exports as strong as expected. Economists cautioned, however, that the
      Reuters; AFP  -  345 words
    • 202 6 Bernama [KUALA LUMPUR] The Malaysian government has proposed to secure a new loan of 6 billion Malaysian ringgit (552.5 billion) from domestic sources and a foreign loan of US$3 billion (SSS.I billion) to stimulate economic activities affected by the decline in the value
      Bernama  -  202 words
    • 367 6 Reuters [TAIPEI] Taiwan's economic policy agency is pushing a plan to boost state infrastructure spending by 14 per cent in fiscal 1999 to keep economic growth on target at 6 per cent even as recession batters other parts of Asia. The cabinet's
      Reuters  -  367 words
    • 575 6 Shrinking regional trade flows point to recession, they say AFP [HONGKONG] Shrinking regional trade flows point to deepening recession in Asia and make an export-led recovery unlikely anytime soon, economists said yesterday. At the onset of the region's financial crisis last summer, economists expressed
      AFP  -  575 words
    • 183 6 Bernama [KUALA LUMPUR] Malayan Banking Bhd shares fell 8.5 per cent yesterday after rating agency Standard Poor's (S&P) placed its A- long-term and A-2 short-term counterparty ratings on credit watch. In a statement released yesterday, S&P said the credit watch with negative implications was in view
      Bernama  -  183 words
  • Page 6 Advertisements
    • 22 6 Thai financial sector headed for losses, Pg 20 Buy It. Sell It. Find It. Classified. H Call Today For Results Tomorrow. 1800-737-1166
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  • CHINA-HONGKONG TAIWAN
    • 412 7  -  SINGAPORE Provinces to decide when to implement 'monetarised' plan By. Lu Ning CHINA has officially launched its long-awaited housing privatisation reform by ordering a nationwide halt to welfare distribution of housing units and gradually phasing in the private purchase of homes. The
      412 words
    • 371 7 HONGKONG Reuters MANY Hongkong legislators reacted angrily yesterday to the government's inquiry into the fiasco at the city's new US$2O billion (5534.2 billion) airport, saying no experts had been named and no results were likely for months. Hongkong leader Tung Chee-hwa
      Reuters; AFP  -  371 words
    • 377 7 HONGKONG Slump, rising supply force landlords to cut prices by up to 30% AFP THE economic downturn in Hongkong has forced major landlords to slash office rental prices the world's most expensive by as much as 30 per cent, real estate agents said yesterday. Several landlords,
      AFP  -  377 words
    • 174 7 BEIJING AFP THE anti-impotence drug, Viagra, has turned up in China, selling under the counter for more than US$36 (5561.50) a tablet, more than three times its price in the US, a report said yesterday. Bottles of 30 piUs could be bought for
      AFP  -  174 words
    • 722 7  -  CHINA WATCH Govt now tackling groups like the PLA and princelings without fear of serious political repercussions By Lu Ning AT last week's national anti-smuggling conference, China's President Jiang Zemin made what seemed a highly unusual move: As the chief of the nation's highest
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  • Page 7 Advertisements
    • 237 7 Financial Planning And 1998 TIL Jll Learn to manage your INVESTMENTS, INSURANCE, DEBT and other FINANCIAL NEEDS to emerge stronger from the current crisis Learn to devise strategies to achieve your financial goals at various stages of your life Seek answers to all your money queries and worries from our
      237 words

  • ASIA
    • 418 8 CANBERRA Howard govt says it will sell only 16% if it wins the elections Reuters THE Australian government, battling a tide of voter defections to populist politician Pauline Hanson, yesterday climbed down from its plan to complete the privatisation of telecoms
      Reuters  -  418 words
    • 553 8 TOKYO Ten, stocks fall as Obnchi's seen as less aggressive about tackling economy Bloomberg JAPANESE Foreign Minister Keizo Obuchi moved closer to capturing the prime minister's post, according to the latest polls, and may tap his rivals for key cabinet jobs. Mr
      Bloomberg; REUTERS  -  553 words
    • 400 8 SEOUL Results a blow to ruling coalition bid to break opposition's hold in parliament AFP SOUTH Korean President Kim Dae Jung's government suffered a political blow when it lost four out of seven by-elections seen as a barometer of its economic reform
      AFP; REUTERS  -  400 words
    • 280 8 SEOUL AFP TENS of thousands of South Korean workers defied government threats to crack down on illegal strikes and downed tools yesterday as the two top carmakers remained shut to avert the action. "Our latest study shows that 65,000 union workers from 16
      AFP  -  280 words
    • 376 8 WASHINGTON Bat it warns that Pakistan could still default on debts Bloomberg THE US won't oppose any plans by the International Monetary Fund to resume negotiations with Pakistan on the disbursement of aid and warned that the IMF alone can't save
      Bloomberg  -  376 words
  • Page 8 Advertisements
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    • 417 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KANGSHINHONG PTE LTD (In Creditors' Voluntary Liquidation) NOTICE OF RESOLUTION At the Extraordinary General Meeting of the members ot the abovenamea Company dulv convened and held at 133 New Bridge Road #25-06/07/08 Chinatown Point Singapore *****3
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    • 317 8 NOTICE IS HEREBY GIVEN that, I Myrna G. Aguilando of Blk 110 Tampines St. 11 #03-255 Singapore *****0, have applied for a Beer House, First Class Licence in respect of M/s Favourite Cafeteria located at 304 Orchard Rd., #04-89 Lucky Plaza Singapore *****3, and that this application will be considered
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  • Page 9 Advertisements
    • 124 9 I HONDA A Car Ahead %*"'s >> < -,v vj'| I Think luxury. j I x '-J -.T^ygfr- -mm;-- m—- I 1 I UJ o Think the new Odyssey 2.3 VTEC. I You know how good the (hlysscy is in terms of styling ami space, lint what makes it truly
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  • FOCUS
    • 2908 10 US enjoying a virtuous cycle but Fed needs to stay alert to possibility that more fundamental imbalances are increasing inflation pressures: Greenspan THE following are extracts from Federal Reserve chairman Alan Greenspan's Humphrey-Hawkins testimony to the Senate Banking Committee, presenting the Fed's mid-year report
      AFP  -  2,908 words

  • THE WORLD
    • 483 11 WASHINGTON Bnt investors see congress or Clinton administration providing the money Bloomberg THE US House of Representatives will delay action on an US$lB billion (5530.8 million) funding request for the International Monetary Fund until September amid disputes among Republicans on whether
      Bloomberg  -  483 words
    • 241 11 WASHINGTON Fiscal discipline is the right path for economic well being Bloomberg US Treasury Secretary Robert Rubin yesterday urged Congress to forego large tax cuts as the government reaps the benefits of its first annual budget surplus in three
      Bloomberg  -  241 words
    • 589 11  -  LETTER FROM WASHINGTON President shows little creativity in policies By Leon Hadar WHEN asked to describe in a nutshell the main theme of his popular television sitcom Seinfeld, comedian Jerry Seinfeld said the show was about "nothing". Indeed, Seinfeld centres on the lives
      589 words
    • 153 11 WASHINGTON AFP THE US administration has learned the ABCs of trade politics and is officially changing the controversial MFN to the more benign NTR. "You heard it here first,' White House spokesman Michael McCurry said as the new law was sent for President Bill
      AFP  -  153 words
    • 243 11 LONDON Reuters RUSSIA'S chief loan negotiator Anatoly Chubais said yesterday he was optimistic that the government's anti-crisis programme would be carried out. "It's a unique programme. I do believe we will be able to implement what they announced," Mr Chubais told reporters at a
      Reuters  -  243 words
    • 177 11 WASHINGTON AFP US ASTRONAUT Alan Shepard, a pioneer of the American space programme who once struck a golf ball while walking on the moon, has died, National Aeronautics and Space Administration said yesterday. Mr Shepard, 74, who be- came the first American
      AFP  -  177 words
    • 239 11 LOS ANGELES Bloomberg NEWS Corp chairman and chief executive Rupert Murdoch's wife, Anna, filed for divorce in a Los Angeles court, seeking alimony and a division of the couple's property. Anna Murdoch cited "irreconcilable differences" in asking for a divorce on Tuesday after 32 years
      Bloomberg  -  239 words
  • Page 11 Advertisements
    • 211 11 1 I < j I I T t t I i f Cl 4 I I I t I Enjoy one night's stay in Asia's most exciting city absolutely FREE* when you fly Cathay Pacific to Los Angeles, Vancouver, Toronto, New York and Europe. For more details, please call your
      211 words

  • Page 12 Advertisements
    • 687 12 /tiJ\) HI-P IS PROUD TO ANNOUNCE THE -jjCf'p' I OFFICIAL OPENING OF ITS CORPORATE BUILDING I m- Luck has little bearing on the outcome of any I business venture To achieve success, one must I /A m nMm V« possess wholehearted dedication and the courage to I /fMpmpmrn BBTBMI persevere,
      687 words

  • EDITORIAL & OPINION
    • 718 13  -  THE BOTTOMUNE OPINION BU Shada Islam The writer is a Brussels-based journalist who contributes to BT THEY may quarrel over Kosovo, Cyprus and the Middle East But the European Union s toughest internal battles invariably end up being over trade. The 15-nation bloc
      718 words
    • 128 13 'Why is it that the IMF credo of tight monetary and fiscal policies becomes the only game in town? Any other alternative is heresy. Since when has the IMF become infallible?' Daim fainiulHin Malaysia s minister with special functions, on the economy. I really need a gin
      128 words
    • 657 13 EDITORIAL AFTER comfortably passing through the US Senate, the vote to increase funding for the International Monetary Fund appears to have hit a wall in the US House of Representatives. Without the US$lB billion (5530.6 billion) increase in US funding, additional subscriptions to the IMF's
      657 words
    • 1123 13  -  Two-thirds of the world is subject to the sanctions, but do they farther US foreign policy goals? By. Nancy Dunne FT BEFORE he heads back into orbit in October aboard the space shuttle Discovery, John Glenn has another important mission. The 77-year-old senator and born-again astronaut has
      FT; FILE PHOTO  -  1,123 words
    • 357 13  -  MAILBOX Andrew Tan FAIR-minded Singaporeans would have felt some distress over the dangerous slide in Singapore-Malaysia relations in the last two weeks. They might have sensed a certain belligerence in the posturing of a few politicians and columnists in Malaysia. Singapore is once again
      357 words
    • 393 13 Warning from Greenspan THE warning was clear in Tuesday's congressional testimony from US Federal Reserve chairman Alan Greenspan. Tight labour markets and domestically generated inflation are a greater risk for the US than deflationary pressures from Asia. As always, there were offsetting comments in Mr Greenspan's
      393 words
  • Page 13 Advertisements
  • Page 13 Miscellaneous

  • EXECUTIVE LIFESTYLE
    • 1326 14  -  Asian-American films have reached a watershed, says edwabdwono EDWARD WONG NYT TIHERE was a time when it seemed that "AsianAmerican film festival" was becoming a misnomer. Starting in the mid-1980s, the organisers of the US' three major Asian-American festivals held each year in New
      NYT  -  1,326 words
    • 288 14 FASHION LATWP [WASHINGTON] When Mode magazine was launched last year, its mission was to show full-figured women in clothes that were sporty, sexy, trendy, professional the full range of styles. Mode seeks to be a voluptuous alternative to Vogue, Harper's Bazaar
      LATWP  -  288 words
    • 624 14 PERSONALITY Director of new movie Baby Dance has just given birth to a bouncy baby LAT-WP [PASADENA, California] Jodie Foster wasn't going to be unrealistic. When the two-time Oscarwinning actress hugely famous, famously private and very pregnant walked into a recent interview
      LAT-WP  -  624 words
  • Page 14 Advertisements
  • Page 14 Miscellaneous
    • 199 14 THE WEATHER Singapore Fair. Temperature (32/25 C) Ajla-Picdlc Lo/Hl* Good. .lerasaleni Ift3o doody Stockholm 14 "23 doody Auckland Ift 14 doody Mecca 25<36 doudy leona 21 "32 doody Bangkok fair Zwich 13/26 doody mhm fjjr Europf Lc/Hf* Owrtl Bnmbav 27/33 showers Amsterdam 1472 doudy America WHl* Ooad. Bnshaiie 13/IH showers
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  • Page 15 Miscellaneous
    • 768 15 i TV&RADIO premiere 12 5.00 News sToday Followed 10.30 Vampire Expert 11. TV innm,o i nnc B y Animated Hero 12.15 AM Thursday Mid 4 In! w"w Classics. night Movie -An Ex--5.30 Extreme cart Dowry. .4 on frjmm'c 600 News 5 Today Followed 2.00 TV Innovations. 500 jli JnSn'J Bv
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    • 168 15 CRYPTIC CROSSWORD 26 Ara 27 Prior to plummeting contain- er becomes white-hot (10) vested by artist (8) YESTERDAY'S SOLUTION DOWN 9 Practise self-denial to appease 1 Vigorous man with creative i M e M l aspirations (6) 15 Farmhand displays his new 2 Left wing tabloid certain to convertible (9)
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  • MOTORING
    • 1063 16  -  More car-buyers here are turning their backs on the average sedan and making heads turn with lifestyle cars Christopher Tan [SINGAPORE) LIKE their counterparts elsewhere. car buyers here are falling deeper in love with lifestyle vehicles cars other than the average sedan or hatchback. According to
      1,063 words
    • BUMPER to BUMPER
      • 90 16 LEXUS has emerged No 1 in a long-term dependability survey conducted by J D Power Associates in the US. Conducted over a five-year period, individual models are rated according to the number of problems per 100 vehicles. In total, 12 major factors were examined, including wind
        90 words
      • 124 16 YONGNAM Pte Ltd has clinched a $15.4 million deal to erect a roof over the Expo Station of the Changi Airport MRT Line. The structure, which looks like part of the starship Enterprise (of Star Trek fame), will have another space-age feature it will be made
        124 words
      • 79 16 BP is the first here to offer a reformulated petrol at the same price as its premium grade. Which makes Mogas Plus, at $1,226 per litre, almost 10 per cent cheaper than other similar petrols like Shell's XO and Mobil's Synergy Nova. Like its rivals,
        79 words
      • 76 16 THE new Mercedes-Benz S-class will be the first to offer the next level of cruise control as an option. Called Distronic, the intelligent system keeps the car cruising at a safe distance from the vehicle in front. It will also have a keyless entry and
        76 words
      • 121 16  -  Compiled by Christopher Tan THE Japan External Trade Organisation (Jetro) is organising the second Conference on Asean Auto Supporting Industries, to be held at the Putra World Trade Centre in Kuala Lumpur on July 30 and 31. The event brings together auto parts suppliers, vehicle assemblers
        121 words
    • 481 16  -  Slower cars sales have led to glut in PARF papers By i Christopher Tan [SINGAPORE] More cars, especially luxury models, are being deregistered before their 10-year lifespan for their COE and PARF rebates as local resale values plunge. The phenomenon arising from the economic slowdown,
      481 words
    • 499 16  -  By i Christopher Tan [SINGAPORE] Singaporeans' penchant for special car number plates remains undampened, or so bidding results from the Land Transport Authority suggest. The latest SCU series attracted a top bid of $100,000, the third highest after $118,000 paid
      ARTHUR LEE  -  499 words
    • 978 16 Average OMV of cars registered in June m*« Mooa oc /wwwnwm ALFA ROMEO GTV2.0 34,271 AUOI A3 IB A ***** AUO A418A 1,596 2a 197 MO A624A opt» ***** jjjjf 3«MCiR 1fig ***** BMW Z3 ALTO 1295 ***** BJW 32CW4DR 12S? »Se BMW 520* 1,991 ***** 252
      978 words

  • COMPANIES & MARKETS
    • 580 17  -  However, late bargain-hooting trims losses; stock closes 20 cents lower By' Ven Sreenivasan [SINGAPORE] Foreign institutions dumped Singapore Press Holdings shares following a bearish report by US securities firm Merrill Lynch, causing the share price to fall by as much as
      Source: Bloomberg  -  580 words
    • 366 17  -  OBITUARY By Ang Wan May [SINGAPORE] Lim Kah Ngam, a leading Singapore contractor and founder of the Lim Kah Ngam group, passed away on Tuesday, aged 90. Mr Lim, who came to Singapore at the age of 18 from Swatow, China, to join his
      366 words
    • 606 17  -  HOCK LOCK SIEW Lee Han Shih SOME years ago a colleague was so inspired by an interview with a listed technology company that he bought three lots of its shares. He was then advised to check the shareholding of the directors.
      606 words
    • 276 17  -  By' Teh Hooi Ling [SINGAPORE] Jurong Engineering Ltd (JEL) has clinched several projects worth a total of $107 million despite severe competition that was intensified by the current economic crisis in Asia. The company said yesterday that in Singapore, it landed three major
      276 words
    • 462 17 Company likely to post earnings growth of about 20% for fall yean analysts Reuters [SINGAPORE] ST Engineering Ltd (ST Engg), Singapore's leading engineering conglomerate, is expected to unveil strong second-quarter results next week, analysts said yesterday. ST Engg, which depends on government military
      Reuters  -  462 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • 356 18 New contracts could disadvantage KL exchange: M'sian market players Reuters [KUALA LUMPUR] Malaysia's stock exchange chief said yesterday he was ready to face competition from a rival futures index on Malaysian stocks planned by Singapore. The Singapore International Monetary Exchange Ltd
        Reuters  -  356 words
      • 326 18 Bloomberg [KUALA LUMPURJ Malaysia's Kuala Lumpur Options Financial Futures Exchange (Kloffe) may introduce trading in options contracts for the benchmark Kuala Lumpur Stock Exchange Composite Index (KLCI). If launched, it will be the first financial product after the Kuala Lumpur Stock Exchange (KLSE) takes
        Bloomberg  -  326 words
      • 368 18  -  From\ Meera Tharmaratnam in Kuala Lumpur UNITED Engineers said yesterday that bankers had on Monday appointed receivers for its associate, Mekar Idaman Sdn Bhd, as the latter had defaulted on a syndicated term loan of 550 million Malaysian ringgit (*****.5 million) and a short-term
        368 words
      • 442 18  -  The two exchanges may come nnder one roof soon: observers By\ Siow Li Sen [SINGAPORE] The 440 individual traders on Singapore's financial and commodities futures exchanges are now free to cross the line to trade on the other exchange prompting talk that the
        442 words
      • 208 18 Reuters [SINGAPORE] Singapore Airlines Ltd said yesterday that it has deferred taking delivery of five aircraft meant for use on regional routes because of the Asian economic downturn. The national carrier has deferred taking delivery of one A 340-300 from Airbus Industrie
        Reuters  -  208 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 641 20  -  Higher provisions for bad loans hitting banks, poor profit margins pushing finance firms into the red From Harish Mehta in Bangkok THAILAND'S entire financial sector is expected to plunge into the red for the first half of the year as banks
        641 words
      • 340 20 Sister firms merging overseas services to reduce overlap Bloomberg [TOKYO] Fuji Bank Ltd and Yasuda Trust Banking Co members of the same Japanese business group said they would merge most of their overseas custody business, probably by April 1999. The four core
        Bloomberg  -  340 words
      • 349 20 Bloomberg [WELLINGTON] Brierley Investments Ltd will unveil its new corporate strategy tomorrow, though investors will have to wait two months to learn if the company plans to cut its dividend and writedown asset values, as expected. Tomorrow's release is the first
        Bloomberg  -  349 words
      • 295 20 Bloomberg [NEW YORK] AT&T Corp is expected to report higher sec-ond-quarter profit as it eliminates millions of dollars in costs, which helps offset lack of revenue growth. Last month, AT&T said it expects second-quarter profit of 88 to 92 US cents a share.
        Bloomberg  -  295 words
    • INTERNATIONAL COMPANIES
      • 445 21 Analysts say oil prices have hit rock bottom and profits will improve Bloomberg [IRVING, TexasJ Exxon Corp and Texaco Inc reported sharply lower second-quarter earnings as oil prices languished at levels unseen since 1986. Exxon, the largest US oil company, said on Tuesday earnings
        Bloomberg  -  445 words
      • 203 21 Reuters [NEW YORK] Bear Stearns' trading desk helped boost the investment bank's operating profits to record levels in the latest quarter, bucking a recent industry trend of slack trading revenues. Bear Stearns posted a 5.8 per cent rise in net income to U*****.3
        Reuters  -  203 words
      • 366 21 Roche to sell DePuy to Johnson Johnson USs3J>b deal will make J&J leader in orthopaedic market FT [NEW YORK] Johnson Johnson, the US healthcare group, on Tuesday agreed to buy orthopaedic products maker DePuy from Roche, the Swiss pharmaceuticals company, in a US$3.5 billion (Ss6 billion) transaction. The deal marks
        FT  -  366 words
      • 247 21 Reuters [BURBANK, California] Walt Disney Co on Tuesday reported a dip in third-quarter net income to US$4l5 million (Ss7o9 million), or about 20 US cents per share on a diluted basis, as weaker performances by its home video and movie business weighed down results.
        Reuters  -  247 words
      • 283 21 Shares have fallen 74 per cent in past year on slow sales Bloomberg [ORLANDO) Planet Hollywood International Inc, which operates about 80 restaurants with movie themes, said it hired Goldman Sachs Co and Bear Stearns Co to help find ways to boost
        Bloomberg; FILE PHOTO  -  283 words
      • 336 21 Fonnder to focus on 'breakthrough' projects FT [SAN FRANCISCO] Bill Gates on Tuesday handed the presidency of Microsoft to his long-time second in command, Steven Ballmer, who will manage the software company's operations on a day-to-day basis. Mr Gates, who remains chairman
        FT  -  336 words
      • 282 21 Bloomberg [PROVIDENCE, Rhode Island] Textron Inc said on Tuesday second-quarter earnings rose 13 per cent, driven by strong sales of business jets, industrial components and automotive parts. The maker of Cessna planes, Bell helicopters and automotive and aircraft parts said net income rose to US$l64
        Bloomberg  -  282 words
    • FINANCE & COMMODITIES
      • 468 22  -  Losses not noticed earlier due to serious failure of controls, managerial confusion By\ Soh Tiang Keng [SINGAPORE] The collapse of London merchant bank Barings in early 1995 is "a classic example of the failure of risk management", said speakers at a three-day regional
        468 words
      • 187 22 AFP [HONGKONG] Swiss banker Martin Ebner is planning to increase his holdings in banking giant HSBC Holdings pic to around 5 per cent over the long term, it was reported yesterday. The report came after Mr Ebner's BK Vision revealed last week that
        AFP  -  187 words
      • 433 22 Liffe hires ex-chief Williamson to help rescue the exchange Bloomberg [LONDON] In naming Brian Williamson as chairman, the London International Financial Futures and Options Exchange is reaching into the past to ensure its future. Mr Williamson, 53, returns to Europe's
        Bloomberg  -  433 words
      • 209 22 Bloomberg [NEW YORK] Morgan Stanley Dean Witter Co and Nomura Securities International Inc agreed to pay US$ll7 million (*****.1 million) to settle charges that they contributed to the 1994 bankruptcy of Orange County, California, the biggest by a municipality. Morgan Stanley agreed to
        Bloomberg  -  209 words
      • 270 22 SSMXSLReport Reuters [SINGAPORE) Simex Japanese government bond (JGB) futures firmed yesterday, buoyed by an unexpectedly good response to a 10-year JGB auction in Japan. "The JGBs were faring quite well this morning said a trader at an Asian institution. The September JGB ended
        Reuters  -  270 words
      • 202 22  -  MSCI TAIWAN FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore THE Simex MSCI Taiwan Index futures tumbled for the third day this week, as the US stock market suffered its worst dive in seven weeks. Adding to the pessimism was the across-the-board decline
        202 words
      • 203 22 ENERGY REPORT Reuters [LONDON] Ailing world oil markets sank further yesterday as key US stock data provided no sign of a let up in global oversupply. International marker Brent was down 36 US cents at U5512.54 a barrel in early trade at 1224 GMT,
        Reuters  -  203 words
      • 270 22 Reuters London THE dollar ticked higher against the yen in Europe yesterday, but most other major currencies were bound in tight ranges ahead of tomorrow's election for president of Japan's ruling Liberal Democratic Party (LDP). Analysts said the dollar edged over 141 yen as investors priced in expectations
        Reuters  -  270 words
      • Article, Illustration
        1254 22 DTTERBAITK CROSS RATES Jul22 C$ !■> ECU Ffr Pw MK$ ted »s Ruplah Yen Won RM ttZ$ Pifc »t Peso S$ Band Sir MT$ 9M Pound US$ 0 931 3.730 ttt3 4.831 26.454 87.228 0.877 8.043 2.593 1.193 29.685 26.196 1067 3.965 0.942 21.424 25.564 0.380 0.624 a a,™ 5
        1,254 words
    • 1913 23 SICOM FUTURES j llt Z RUBBER (futures closing ts «t 5.30pm) RSS1 cents/kg) Close Volume Open Month Low Sett (tonnes) Interest Aug 98 123.00 123.00 124.00 190 i90 Sep 98 124.00 340 Oct 98 125.00 M50 No* 98 125.75 M50 Dec 98 128.00 125.50 126.50 50 1450 Jan/Mar
      1,913 words
    • 2307 23 LONDON Industrials J«l 22 Ptnc» 31 Group 600.000 -13.400 AB Ports 341.000 8.000 Abbey National 1061.000 -41.000 Allied Domecq 580.000 -1.000 Amec 164.000 -1.000 Asda Group 210.000 1.000 BAT Ind 710.000 4.600 BG PIC 387.000 -3.000 BICC 135.000 1.000 BOC Group 860 000 -5.400 BR Petroleum 841.000
      2,307 words
    • 1636 23 Bloomberg Q Nikkei 225 -263.63 JAPANESE stocks fell for a third day, led by banks such as Sakura Bank Ltd, on expectation Japan's ailing financial institutions will undergo painful restructuring no matter who becomes the nation's new prime minister. Foreign Minister Keizo Obuchi the front-runner and Health and Welfare
      Bloomberg  -  1,636 words
    • Article, Illustration
      1541 24 Reuters £2 Hang -143^3 Hongkong stocks closed lower yesterday with sentiment battered by weaker overseas markets but trading was thin and sluggish with activities focused on HSBC Holdings, brokers said. The blue chip Hang Seng Index ended down 143.83 points, or 1.68 per cent, to 8.420.72 compared to the
      Reuters  -  1,541 words
    • Article, Illustration
      627 24 Reuters AFX-Asia Shenzhen B Index -0.71 SHENZHEN'S hard currency B shares closed lower yesterday, driven down by selling in large-capital isation issues, analysts said. The B Share Index fell 0.71 point, or 0.96 per cent, to 73.56 as turnover expanded to HK$B million from Tuesday's HK$4 million. "The B
      Reuters; AFX-Asia; Source: Credit Lyonnsis Securities(Asia) Ltd  -  627 words
    • 381 24 AFP QWP Index -6814 TAIWAN stocks dropped 0.9 per cent yesterday led by the financial sector, depressed by an overnight loss on Wall Street sparked by Fed chairman Alan Greenspan's comments, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 68.14 points to 7,881.06, following a 1.2 per
      AFP  -  381 words
    • Article, Illustration
      731 24 AFX-Asia Q Composite Index -518 INDONESIAN share prices closed lower yesterday on mounting concerns the US will soon raise interest rates, in turn accelerating capital outflow from regional markets, dealers said. The Composite Index closed down 5.18 points at 483.06 on volume of 409.2 million shares worth 550.195 billion
      AFX-Asia  -  731 words
    • Article, Illustration
      807 24 Bloomberg kl SET Index -0.82 THAI stocks were mixed yesterday as declines in banks were offset by a 9 per cent gain by state oil company PTT Exploration Production pic, the largest stock by value. The SET Index fell 0.82, or 0.3 per cent, to 286.52. Two shares fell
      Bloomberg  -  807 words
    • 326 24 AFP □Manila -30.9 PHILIPPINE share prices closed 1.8 per cent lower yesterday due to concerns about political developments and the local currency's weakness, analysts said here. The Philippine Stock Exchange Composite Index fell 30.9 points to close at 1,711.75. Turnover fell to 248.9 million shares worth 906.9 million pesos
      AFP  -  326 words
    • 423 24 AFX-Asia Q Composite Index -2.69 SOUTH Korean share prices closed slightly lower yesterday, correcting for the second straight day after recent steep gains amid concerns over labour unrest and a weaker yen, dealers said. They said foreigners and institutions were net sellers, against moderate retail buying. The Korea Stock
      AFX-Asia  -  423 words
    • 585 24 Bloomberg Q All Ordinaries -20.40 AUSTRALIAN stocks fell 0.73 per cent yesterday, led by resources firms, as analysts downgraded their recommendations for Australia's largest mining firm in the light of slowing domestic growth and recession in Japan. The benchmark All Ordinaries Index fell 20.40 points to 2767.50. Broken Hill
      Bloomberg  -  585 words
    • 263 24 AFP n Wellington -2&89 NEW Zealand shares fell 1.3 per cent yesterday amid weaker global markets. The NZSE-40 Index lost 28.89 points to 2,128.39 on turnover of NZ5138.7 million. Brewer Lion Nathan accounted for NZ$7l.B million of turnover following an offmarket deal. It closed down nine cents at NZ54.63.
      AFP  -  263 words
    • KUALA LUMPUR STOCK MARKET
      • 8583 25 INDUSTRIALS Consumer products 1998 Last Vol Day N«t Cap High Low Company Sal* 'OOP High Low P/E $mll 310 180 Ajinomoto 189 10 4 76 6 '*5 41,5 Angkasa 44.5 -1.5 12 45 44.5 1.0 65.6 290 123 Apollo Food Hlg 135 -5 150 140 134 3 9 54 0
        8,583 words
      • 424 25 Bloomberg C 3 Composite Index -15.91 MALAYSIA'S key stock index dropped 3.63 per cent, led by shares of banks and utilities, as worries grew about the hit on banks from the rise in companies' bad debts. The benchmark Kuala Lumpur Stock Exchange Composite
        Bloomberg  -  424 words
    • WARRANTS&OPTIONS
      • 3423 26 BONOS, LOANS ft VARIANTS IMA *< Hloh i C,„ L Vol Oay Last Quota A»« High Low Stno Company SM *or- COOOI MMjh Low Buytr S«««f Price 23-5 9 m 3000 m AMDBc5.5%*****6 .10 5 95 135 20-5 5 3160 "Acer *(*****1USS 5.5 5 6 95 8.5 3164 Acma ******4
        3,423 words
      • 193 26  -  WARRANT WATCH By R Sivanithy THE United Industrial Corporation (UIC) stock has surged 50 per cent in the past month, with activity picking up significantly in the past few days. The main talk surrounding the stock is that the Salim group is either thinking of,
        193 words
    • 2370 26 Transaction date Jul 22 MALAYSIAN STOCKS Of GC 8 l-Mt Vol Day LastOuote Otv Dtv VM Nat M Cap High Low Stoo Company Sa*a COOP) Hlgl Low Buyer Cw P/C Sm* 135 28 m s 5000 AISB 50c 39 -2 37 41 39 39 40.5 5.0 33 2.6
      2,370 words
    • 6207 27 1QQQ Gf Cf M W H 0/ Last Vol Day Last Ouota Oiv Olv Vld Nat Cap Avi L# s,Mo Company Sala COOP) High Low Buyor Sailor H C'»r P/E $mll Prki INDUSTRIALS 43 12.5 1020 ACE 0ynamics20c.... 14 *0.5 12 14 14 14
      6,207 words
    • 1188 27 Hlof| ,998 Low StNo ComMnv *2? rf££o t L«t Dfc Dhr YM Not Cap A?q ni9n low Company Solo (OOO) Hi** Low Bwyor SoNor Cw P/f $mM Prlco 134 50 2000 ABR Hldqt Sc 79 -79 I I I I jo c 7<J 2049 AS Auto 10c 67.5 -I
      1,188 words
    • STOCK EXCHANGE OF SINGAPORE
      • 225 28 St«cfc» Volume TAC BtIO 200 7,104,000 UIC 6,528,000 •MBf Hldgs 50c 6,229,000 SPH 5,051,000 Mid-Cont 10c 4,176,000 •M Resources 4,130,000 DBS Land 3,983,000 *RHB Cap Bhd 3,333,000 OCBC Foreign 3,328,000 Wing Tai 25c 3,115,000 Stocks SPH 58,704,054 OCBC Foreign 20,958,294 DBS Foreign 16,876,814 Ft* 11,473.843 City Oev 50c 10,625,090 UOB
        225 words
      • Article, Illustration
        62 28  -  -by Shiv Taneja FRASER Neave closed two cents lower yesterday at $4.62 on a volume of 2.47 million, compared with its 10-day traded average of 1.2 million shares. More downside is expected in the near term, according to the daily RSI and Stochastics charts. However, the weekly MACD
        62 words
      • 692 28  -  STOCK MARKET COMMENTARY Index has fallen almost 50 points in past two days; weak yen and other regional currencies also seen as cause for drop R Sivanithy AN interest rate warning by US Federal Reserve chairman Alan Greenspan on Tuesday- and a weak session
        Chart info from Bridge  -  692 words
      • ON THE GRAPEVINE
        • 83 28 WHOLESALERS of-consumer goods who recently moved from Blanco Court to the nearby Concourse are doing a brisk business. They said more Singaporeans seem to be buying goods in bulk to cut costs. Moreover, "rent is one-third that of Blanco Court, and this place has aircon". Hong Fok. owner
          83 words
        • 55 28 IN a recent tender notice, the Land Transport Authority announced that it was looking for three units of "Ailly automatic 1,500cc/1,600cc saloon cars" which are "less than four years old". We understand that these are not to replace staff cars, but for use as pool vehicles. It's
          55 words
        • 88 28 SOME businesses really are recession proof. It seems that direct sales of medicine and health products have been growing healthily, even as the economy gets weaker. One salesman said the more the IMF (International Monetary Fund) terrifies people by their dire pronouncements, the better sales are.
          88 words
        • 96 28 LIKE El Nino in reverse, the Asian crisis is rippling its way to Latin America. At least, that's what the director general for Acer Computec Latino America is saying. The Mexico-based unit of Taiwan's Acer Group has announced a 37 per cent plunge in revenues for
          96 words
        • 143 28 SANTANDER Investment has drawn an interesting analogy. In last week's review of the financial markets, it said it is now mindfUl of an ominous analogy to the Great Depression. "The prelude to that unhappy era was a slump in the price erf agricultural commodities. Can a slump in
          143 words
        • 92 28 THERE is this shopper who invariably looks at the expiry date of the stuff she buys. She hesitated when she saw "As printed" in the "Best Before" panel on the outer wrapping of a packet of Julie's wheat crackers. But she eventually bought it, reasoning that the expiry
          92 words
  • Page 17 Advertisements
    • 185 17 After years of building machines that take off, we know how to make one stay on the ground. I >. Z- Oncc you arc behind the wheel of .1 Saab 9-5. all your senses tell you that you are in full control In developing the car. we took special care
      185 words

  • Page 18 Advertisements
    • 217 18 sth generation Anti-Lock Brake System with electronic brake-force distribution (EBD) Independent 4-link front suspension Automatic climatic-control air-conditioning system Leather Steering column adjustable for height and reach Front and rear reading lights Sports rims Cup-holders in centre console Aluminium panelling in Quartz Driver and passenger airbags The unmatched Audi A 4
      217 words
    • 337 18 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 NOTICE IS HEREBY GIVEN that, I Lim Joo Hong of 586 Yio Chu Kang Road #04-03 Thomson Grove Singapore *****1, have applied for a First Class Beer House Licence in respect of M/s Meiyan located at 317, Outram Road, Concorde Shopping Center, #01-01/03 Singapore
      337 words
    • 662 18 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. t Another Classified Service IN THE MATTER OK THE LAND TITI.ES (STRATA) ACT. CAP. 15* AND IN THE MATTER OE MANAGEMENT CORPORATION STRATA TITLE NO. 525 (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting
      662 words

  • Page 19 Advertisements
    • 290 19 H fl 9 WffTTTri j The Asia Business Confi||^^^^HGß9i^H|H|^^^^^H i A new dimension of thmlrmg '^:^ml^^' I I -J Is? -gk i m .J c''" ri i*..|j *«r r* jj y ,->- ,-"*•<.•''♦£.< I ißßß^3BßP^B^B^H^l^^Bjßff>^ifc&dBfS3Sy'jj^^B?^'-■' "■■**B??*i^lPlS&Sis^■ wui Sniff Oil ill DUE JVC CGUIIINDiC UvWlll flflfl business recovery, as well as
      290 words

  • Page 20 Advertisements
    • 137 20 Sn The new V 8 Xj series. D^ FIES I Iht new X) set ics is .1 spot ts< .11 inside .1 s.iloon. lis poweilul VH engine is l.ister. <|(ii«'l«*i. le.inei wlii( li helps it d«i 0 t<> I (Ml KIM I in ,1 < 00l r ,.7 st c
      137 words

  • Page 21 Advertisements
    • 3246 21 Sl THE SINGAPORE AIRCARGO AGENTS ASSOCIATION STANDARD TRADING CONDITIONS 1997 as agreed to by members of the Association a!R WMfUYM^lf TsE| Poßt (PTE) LTD cSScOR ERNAT,ONAL PTE LTD SERVICES LTD SPEEDMARK AIR TRANSPORTATION PTE LTD SESKW ssste&fe. sss 8 I sssar AIROCEAN EXPRESS PTE LTD DHL INTERNATIONAL (SI PTE LTD
      3,246 words

  • Page 22 Advertisements
    • 160 22 |f "Is your I payroll software I 1 ready for I Year 2000?" I Besides, does your payroll software talk to your Time Attendanee and HR Software? Ate you still doing leave ealeulations separately? An integrated solution is finally heie. PERKS is the Enterprise Payroll Software, integrating all the functions
      160 words
    • 7 22 <Sntertcuiwient H| The Classified Classifications 5-36 CATS
      7 words


  • Page 24 Advertisements
    • 53 24 I'd like to place an A buyer I love this car V advertisement to J W I the very I that I found next day. I through I < a A The Straits Times J Buying or selling through pretw car' J The Straits Times Classified is child's play. L—„
      53 words


  • Page 26 Advertisements
    • 73 26 f Hello? I'm calling about\ /'(josh, you're'N. m a PPy I your advertisement in great...just like f° un d my pet through J. The Straits Times Classified... 1 I the ad J I T^ e Straits Tim es Classified. J you still have the puppy... J described, V m going
      73 words


  • Page 28 Advertisements
    • 550 28 A ()t tCCS lo adu i tisi' call 1011-free IXOO-741 IXX3 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SECRET AFFAIRS PASTRIES CAKES HOUSE PTE LTD (Incorporated in Singapore) At an Extraordinary General Meeting of the above named Company duly convened and held at
      550 words
    • 353 28 lW THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF KONG MENG SAN PHOR KARK SEE FOUNDATION ON MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of KONG MENG SAN PHOR KARK SEE FOUNDATION, duly convened and held at the registered office at
      353 words
    • 360 28 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 THE CONDE NAST PUBLICATIONS (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company convened and held at 170 Pacific Highway, Greenwich NSW 3(65. Australia on 17 July 1998. the following resolutions were duly passed1. SPECIAL
      360 words
    • 677 28 NOTICE IS HEREBY GIVEN that, I Low Swee Teck of Blk 118 Teck Whye Lane #07-77E Singapore *****8, have applied for a Retail Liquor Shop Licence in respect of M/s Joo Teck Minimart located at Blk 849 Woodlands St 82 #01-213 Singapore *****9, and that this application will be considered
      677 words

  • SHIPPING TIMES
    • 321 29 Bridge News Reuters THERE was little to talk of on the Panamax market here, although some brokers thought Pacific rates may ease in the short term contrary to opinions expressed from overseas which talked of a tightening in the supply of tonnage. Fixtures TANKERSc There was fairly active
      Bridge News; Reuters  -  321 words
    • 284 29 at* m a t$ w CWT Distribution 10-355 -0.025 T Chuan Hup 0.375 -0.005 119 Cosco Investment ..0.50 unch 1 assr— Hai Sun Hup 0.40 unch 37 Hitachi Zos«n 0.535 -0.005 31 IMC Holdings HK 5.60 Jays Holdings 0.385 Jurong Shipyard 7.35 -0.20 346 KeppeiCorp 2.67 -0.05 995
      284 words
    • 781 29  -  Piracy centre expects to receive reports of more attacks By. Rahita Elias [SINGAPORE] East Asia, where nearly half the pirate attacks took place in the first half, continued to be a hotbed for piracy. However, the number of attacks that took place
      781 words
    • 277 29 Ministry to buy land, facilities from mid-size yards [TOKYO] Japan's Ministry of Transport has authorised the purchasing of land and construction facilities from midsize shipbuilders as a part of its restructuring programme for the shipbuilding industry. The ministry hopes to eliminate excess building capacity
      277 words
    • 327 29  -  Sea-Land Orient Administrative Services granted regional HQ status From, Alec Almazan in Manila HONGKONG-BASED SeaLand Orient Administrative Services Ltd will be moving its operations to Manila within the year. This was announced by the Board of Investments here which said that the
      327 words
    • 197 29 AFP [MIAMI] The operators of a cruise ship that caught fire as it set off for a Caribbean cruise said the flames were sparked by a welder but US investigators said they would conduct their own probe into the blaze. The National
      AFP  -  197 words
    • 312 29  -  WSA Lines' joint venture will bring firm closer to moving into Europe By\ Marcus Hand [SINGAPORE] Locally-based freight forwarder WSA Lines (Singapore) has signed a joint venture with an Indian company to set up a regional office for the sub-continent in Bombay.
      312 words
    • 48 29 [SOUTHAMPTON] Danish ferry Cat-Link V arrives in Southampton, England, after completing a crossing of the Atlantic Ocean in a world record time. The car and passenger catamaran crossed the Atlantic from New York in two days, 20 hours and nine minutes. REUTERS
      REUTERS  -  48 words
    • 589 29  -  SHIPSHAPE By: Felix Chan POR Paul Hart, Dubai's ambitious plans to build a world-class port and an accompanying free trade zone to mirror that of Singapore's have meant a strategic shift in long-term infrastructure investments. The senior manager of planning and
      589 words
    • 1085 30  -  HONGKONG AIRPORT FIASCO Air cargo debacle has hurt HK's reputation for efficiency and could lead to permanent loss of business hu Felix Chan Hours after news of the cargo fiasco at Hongkong's sleek US$2O billion (Ss34 billion) state-of-the-art airport broke, a British journalist nursing his beer
      1,085 words
    • 225 30 PAGE DSR Senator 4 IQl 9 Danveron 4 ANL 3 Djak Lloyd 9 Accord 8 Dongnama 3 Ap pen ship 5 ECL Astro 3 £m9reM 6 Austral 9 Foon,,Sun 8 BSA 7 G Unk 4 Batamindo 7 J*""*" 8 Bayswater 6 9 rh«Uj<
      225 words
    • 25981 38 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT cl* nil* Ad *!2L S I eta ETA Adv«»,s*r VMM* Vov»«J* I ETA ETA A(N«rt.Mf Vw$* Voy*q. T««phon. ETA ETA Adv»ft.Mr M w„„, M I ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n
      25,981 words
    • SHIPS IN PORT
      • 772 43 Voy No Berth Arrival Departure 1M in) Nrt ffSSL. n?*. J ow Bd 23-07/1500 0W8 alongside 23 07/0400 a> «i l IL 2 J0 alongside 22 07/2359 m 010 7,8 301 alongside 22.07/2359 JUt I" J01 alonqside 22.07/1500 H H nemoung *****0 J01 alongside 22.07/M00 7W *****0 J01
        772 words
      • 1767 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Bookinq/Balanct Rstls Ship Voy Mo Etb/Btr Period From To Fron *ti uty OOW JOtOO M 22*900 22*699 22*900 M 22*900 22*699 22*100 a 22/1700 23/0*51 21/0*00 2f 22/1700 21/0691 21/0*00 1 21/0700 21*199 21*400 4 21/1200 21*491 23/1700 AI«nMf<2 MOM
        1,767 words
      • 188 43 Aug L Switzerland: National Day. Any 3. Ireland Republic Of: August Holiday. AaglO. Singapore: National Day Holiday. South Africa: National Women's Holiday. Aofll Thailand: HM The Queen's Birthday. AnglO. Austria: Assumption Day. Belgium: Assumption Day. France: Assumption Day. Greece: Assumption Day. Italy: Assumption Day. Luxembourg: Assumption Day. Portugal:
        188 words
      • 990 43 THIS report, compiled by Cockett Marine OU Ltd. shows price ranees in US dollars Instead of single prices tor 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 indi
        990 words
      • 398 43 Carbon 180 Mu 994.5 0.9 17.1 0.10 84 0.07 My 17 Density Water Rtstfut Ask Aluminium Sediment No above £25 4 0 10 0 1 0 J80 Ave 986.7 0.3 16.5 0.07 26 0.03 Cum 380 Mu 992.8 0.9 19.0 0.11 58 0.07 W/W3 %h/m %M/M
        398 words
    • AIR&LAND TRANSPORT NEWS
      • 239 44  -  ihi Felix Chan [SINGAPORE] Shipment volumes handled by DHL Worldwide Express rose 20 per cent in the wake of air cargo troubles at Chek Lap Kok's SuperTerminal One, the company said yesterday. The US-based integrator said it had also seen a 35 per cent
        239 words
      • 574 44 Several domestic flights cancelled and international services delayed AFP [MANILA] The ground crew of troubled Philippine Airlines (PAL) launched an indefinite strike early yesterday, seriously disrupting operations at Manila's domestic and international airports. Airline officials said several domestic flights would be cancelled and international
        AFP; REUTERS  -  574 words
      • 108 44 A rport Wo^h ers inspect the damage on a Cathay Pacific jumbo jet at Brisbane's International airport after m b mt rs an t a sed to cut through a perimeter fence and push a mobile gantry against the jumbo's ninnonfhLh a 10-metre long tag
        AFP  -  108 words
      • LOGBook
        • 58 44 AFX-Asia [TOKYO] Nissan Motor Co Ltd is to cut staffing levels by 20 per cent to 10,000 employees by the end of March 2001 from the end-March level of 12,350, the Nikkan Kogyo newspaper reported. Nissan plans to achieve the reductions by raising its
          AFX-Asia  -  58 words
        • 95 44 AFX-Asia [HONGKONG] Anhui Expressway Co Ltd said it is to invest 366.6 million yuan (5574.7 million) for a 51 per cent stake in the Xuan Guang Expressway linking Xuanzhou and Guangde. Its joint venture partner is Xuancheng Area High Class Highway Construction and Management Co
          AFX-Asia  -  95 words
        • 143 44 Reuters [LONDON] Eurostar (UK), the British operating arm of the rail service linking London with Paris and Brussels via the undersea Channel tunnel, said Tuesday that revenue from the London-Brussels route in the first half of 1998 was up nearly 60 per cent from the
          Reuters  -  143 words
      • 280 44 Reuters [WASHINGTON] Air safety investigators have said the transportation of undeclared hazardous materials on airplanes remains a significant problem and called for stricter controls over air cargo. The National Transportation Safety Board (NTSB) released its findings of the Sept 5, 1996 emergency landing
        Reuters  -  280 words
      • 263 44  -  By] Felix Chan [SINGAPORE] Singapore Aircraft Leasing Enterprise (Sale) has inked a five-year deal to lease four Airbus A32os to Qatar Airlines. A letter of intent was signed earlier this month in Doha and deliveries of the lAE V2500-powered jets
        263 words
      • 179 44 Reuters [SEOUL] Korean Air is holding discussions about a possible deferral of 11 widebody aircraft it has on order for delivery in 1999, an industry source said on yesterday. "Talks are in progress but no decision has been made about numbers or when
        Reuters  -  179 words
      • 370 44 Move will help reduce costs for alliance Bloomberg [ZURICH] Swissair, Europe's fifth-largest airline, agreed with its partners to coordinate ground-handling in Europe, as it seeks new ways to streamline to tackle stiffer competition. Swissair said the six founding members of an alliance that includes
        Bloomberg  -  370 words
      • 1820 44 on fuwff ro fuctff ire lh7tb i6»o of05 2235 Adtlaldt BA7381 1930 BA7382 2055 S***** 1610 LH6373 2350 Of81 1930 Of82 2055 Of06 1845 $026 2350 S0229 2220 LH779 2359 kmtitrim KL843 0450 KLS38 2300 *****6 2359 $023 0710 $024 2320 M—to $0909 1710 $0990 0W5
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      760 words
    • 744 30 Lines services represented fuLvr^ (iC3®?) Member 3 of the Registry at Singapore Freight Forwarders 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 0498 02/09/98 09/09/98 M/V Princess Lily V 0398 12/08/98 19/08/98 LILY MARINE SERVICES SINGAPORE Phone
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    • 1071 31 SAX SERVKE (DIRECT) Vgsa VOT SMETA IAX I OAK DAL HOU CHI COt 1 MEM I All NYC tftGABgT 00« 28/07 13/06 17/06 17/06 18/08 17/06 U/08 lt/OI 19/W 19/06 WISHNB. OOg 05/06 20/08 24/ M 24/06 25/06 24/08 25/06 25/08 26/08 26/08 AftSAWONYX 0051 19/06 03/09 07/09 06/09 06/09
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      344 words

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    • 1146 32 DSR-SENATOR UHES TO UK/CONTINENT TO RED SEA/MEDITERRANEAN/CANADA WSStL LEH HTM AMU HAM MV FLX VESSEL fvOY SIM JED I GIT SPE FOS VIC |mTD 14 15 11 14 11 a*" o l *»»< »<" HSB 2*OS BM MOO HMUMSMminco wm aw un isoe uoa ibbb an ?i os mtm mass
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    • 1248 33 VOY SIN POU PKG PEN PQB DUB SWJ IBA BIK ~1 IRAN MATIN PJL 1297 17/07 26/07 PJL 1304 20/07 06/08 07/08 07/08 08/08 PJL 1300 06/08 14/08 15/08 15/08 16/08 IRAN TEYFOURI PJL 1304 17/08 25/08 26/08 26/08 27/08 u C NTAIHER/BREAK BULK SHIPMENTS TO INLAND POINTS IN IRAN
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    • 1479 33 AIL-WATER DIRECT TO NEW YORK IN 2S DAYS SIHGAfOtrStBBMtOOm: '6 SHENTON WAT IfL 226 1900 FAX: *****01 OUIWAAD (l/l) 4205M2 iOHOKE OfFKE: I SNIPPING PTE LTD #17-osdisildg sales/bkgs *****41/43 inward dept 10/o) *****95 COSTAR AGENCIES (Mi cnu Run IBITNBIMIMIWYIM■■III T/SH "fflsS?" wunr r»n U Hto XIN m «tyvor SH( CHN
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    • 594 33 EASTERN CAR LINER, LTD.' T Tt^lT 2 f 1 Eg (SINGAPORE) PTE LTD SSL 1 SPECIALIZE IN RORO fc HEAVY LIFT UPTO 122 TONS ECI (SINGAPORE) PTE LTD LOADING FOR YANGON/CHITTAGONG T PORT KLANG/BATAM/MANKA MV "TRONO" V.134 MV "SPRING TRADER V.23 ETA SIN 27/07/98 ETA YGN 31/07/98 fta <;iki 9«/n7/ofl
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      1,840 words
    • 476 34 NANTAI LINE I FUUY CONTAINERISED SERVICE TO j J MAURITIUS SOUTH AFRICA I I VtSStl VOY SIH PUJ I put CFT I R/RaH I NANTAI PRINCE VO23S 26/07 09/08 14/01 I I NAWUIffIIUS MgS 03/01 11/QQ li/jT 24/01 I I GOUBIORAGON Y.006S 10/06 20/06 24/06 78/06 I I HANSA CASTELLA
      476 words

  • Page 35 Advertisements
    • 460 35 BS/X^ m (Myonmar National Line) Loading for Yangon (Rangoon) vtsstl VOY SIN PKL PEN PGU MONO LA ISW SLO sirrwE si w su> MAUYSIA AGINTS: BOUSTIAO SHIPPING AGENCIES KUI: m (031 *****00 PKL; TH (03) *****01 PEN: TIL (04)*****02 PGU; HI (07)*****21/4 M BANK LINE (A service of Andrew Weir
      460 words
    • 1110 35 HYUNDAI MERCHANT MARINE CO., LTD. IvßSfl yprisw [sou|lbil»tm|ant|hamlhv| fa Ivksb voy i sou I uh I rtm I ant ham Imv I fb Art AIMANOM JO3W 23/07 10/08 15/08 12/08 13/08 NOIMUZOMT! Oltf 2»/~' 04/07 oTToF ***** 23/07 MAAS 524W 24/0/ 14/08 15/01 09/08 11/08 HYGtNBAI 3121 01/07 07/07 02/07
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    • 1041 35 Ml M -xxwegor speco/i/ed outocorners TO NORTH AND LATIN AMERICA "RORO HEAVYUFT SERVICE" jRAMP HEIGHT |M LAX CRL MIA SAV IM ORf NYC NEW MQ» I I?!!"?" 6 fB,s 400T B 63M "3W 24/08 02/09 05/09 ot7oT m/ 09 10/09 —WoTTW 400To J 63M ,5 M w "/09 22/09 24/09
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  • Page 36 Advertisements
    • 1938 36 BANGKOK/ MAP TA PHUT/ LAEM CHABANQ JAKARTA/PAN JANQ vessel VOY sin bkk mtp lch vessel voy sin jkt pjn XETHA BHUM 242N In Pt 26/07 GURU BHUM 87SB ~ln Pt 26/07 MATHU BHUM 373N 25/07 29/07 28/07 DEJA BHUM 757S 25/07 29/07 ACX JADE 2SN 26/07 29/07 30/07 ANRO GOWA'
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      37 words

  • Page 37 Advertisements
    • 429 37 indonesi/^ATIONA^N^i TO EUROPE EXPRESS SEMI-CONTAINERISED SERVICE VSL VOY I S PORE |ADAM RD«M H BURG BREMEN ANTWERP VESSEL 20/10 25/10 OMIT 05/11 TO AUSTRALIA ~"j FULL CONTAINER SERVICE *5 WY FRE BHE SYD MEI NBA API FHE AH. EMERAU) IPS 3M17 01« Oft 08 IMB 17« 2MB ZMB **£>*»*' »S
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    • 859 37 VESSELS I VQY I SIN I JED MLA LEH HAM THP RTM m~ VILLE DE GEMINA H2BW 23/07 01/06 06/06 11/08 13/06 15/06 16/06 ORION Y26W 27/07 06/06 10/06 IS/0B 17/06 19/06 19/06 XVQ6 VILLE DE MIMOSA V2/W 06/06 14/06 19/06 24/06 26/06 2&"06 2&OB omna VILLE DE TANYA T27W
      859 words


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  • Page 43 Miscellaneous
    • 130 43 Mf' n (t) M Vg; yf LEGEND R Thunderstorm Temperoture o c V Shower Weother Wind direction with speed m knots Rom Cloudy Sky Wove height S«rfoce wmdt ore indicoted by orrows which fly with the wind Z) One full circle represents colm or light ond vonable winds J__ One
      130 words