The Business Times, 28 July 1998
1998-07-28
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The Business Times
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Title Section13 1998-07-28 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c SINGAPORE Internet: http://business times.asial.com.sg/ TUESDAY, JULY 28,199813 words
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Article58 1998-07-28 1 □^^.55) BT-SRI 460X3 (+1.71) BTCOMP 90&87 (-3.65) BTMGA 59L56 (+4.12) BHABXETIiOOOe Mixed STOCK MASEETT INDICES Monday Change KLSECOMP 406.04 -10J6 NIKKEI 16,***** -417,63 HANGSENO 7,***** ***** SET INDEX ..269J3 -6.61 JAKARTA COMP _482.98 +3.42 MANILA COMP lj661.1» 19.W TAIPEI WPI 7390.30.7 -1110 329.80 +138 •SiCRINAB 669.98 1161 AUSTALLORD58 words
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Article77 1998-07-28 1 F0SEX1ATES uss s$ US$ 1.714 £{US$/S$ per 1.656 2.863 DM 1.782 0.967 YEN 1413 1J11* RM 1147 9.416 HK$ 7.748 0.222 3AOT 41.12 0.042 Rl'PlAH 13,700 0.013* St to 100 units PKDKE RATES SINGAPORE* 7.88 KUALA LUMPUR 11.50 JAKARTA 28.00 BANGKOK 14.75 MANILA .22.90 HONG KONG 10.25 TAIPEI AM77 words
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825 1998-07-28 1 Eddie Toh - Anwar-Daim roadshow cancelled after M'sian credit ratings are slashed Prom Eddie Toh in Kuala Lumpur THE Malaysian government will have to dig deeper into its own coffers to inject capital into its cash-strapped banking sector, now that its plans to raise money825 words
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Article, Illustration481 1998-07-28 1 Anthony Rowley - From. Anthony Rowley in Tokyo FORMER Japanese prime minister Kiichi Miyazawa yesterday emerged as the strongest candidate to take over the key job of finance minister in prime ministerdesignate Keizo Obuchi's new cabinet, which is expected to be namedSource: Bloomberg - 481 words
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949 1998-07-28 1 Christopher Tan - Worst-case scenario is $50 a week for multiple CBD trips By I Christopher Tan [SINGAPORE] Come September, car owners who live in the east, work in Orchard Road, and take the Nicoll Highway route will incur $30 in ERP949 words
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Article, Illustration749 1998-07-28 1 Catherine Ong, Clarissa Tan - But other bank stocks suffer on fears of bigger rival Byi Catherine Ong, Clarissa Tan and Clarissa Tan [SINGAPORE] The stock market yesterday gave the thumbs-up to news that DBS Bank would buy POSBank for $1.6 billion, but some bankers and analysts felt theSource: Bloomberg - 749 words
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Article, Illustration96 1998-07-28 1 > CHRIS LOH [SINGAPORE] Hai Sun Hup Group chairman Ow Chio Kiat and former first lady Mrs Wee Kim Wee looking on as the bulk carrier HSH Sentosa slides into the sea off Jurong. Mrs Wee launched the 20,700dwt vessel with the traditional breaking of a champagne bottleCHRIS LOH - 96 words
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212 1998-07-28 1 [SWAKOPMUND, Namibia] Malaysian Prime Minister Mahathir Mohamad said yesterday that Malaysia will not shift its Customs, Immigration and Quarantine (CIQ) facilities in Singapore from Tanjong Pagar railway station to Woodlands. He said Malaysia felt there must be an international agreement approved212 words
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Page 1 Advertisements
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Advertisement123 1998-07-28 1 prams Schroders MD fiiti Robert Tomlin, Schroders' managing director for S-E Asia of UK merchant bank Schroders, has decided to call it quits after 29 years, Pglfl USss6b merger? Bell Atlantic and GTE have held talks about a possible merger, valued at as much as USsssb, that would cover onethird123 words
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Advertisement9 1998-07-28 1 Downgrade may hurt ringgit, Pg 6 Editorial, Pg 129 words
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Advertisement71 1998-07-28 1 Bankers see cut in home loan, deposit margins, Pg 4 Side effects of the POSBank sale, Pg 5 }f m w JPV m i Squares of light in white gold. Amethyst and citrine. Prices range from 552,920 at O z. 35 <£\ u X c SINGAPORE: MILLENIA WAI.K GROUND FLOOR71 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration569 1998-07-28 2 Lu Ning - But contractual investment falls 42% and that's worrying, says embassy official By] Lu Ning BUCKING the general trend, Singapore direct investments in China surged by 65 per cent in the first half of this year compared to the same periodSource: - 569 words
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Article198 1998-07-28 2 SINGAPORE'S second mobile phone operator Mobile One will invest $80 million to expand its GSM network for the fifth time to support more than 300,000 customers. This will bring Mi's total investment in the GSM network to more than $210 million. Ml yesterday said198 words
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Article332 1998-07-28 2 Audrey Tan - EYE ON THE ECONOMY Outlook By. Audrey Tan ECONOMISTS have grown increasingly bearish on Singapore's 1998 growth prospects, with the consensus estimate now at 0.4 per cent, a monthly survey has found. This is below the government's estimate of 0.5-1.5 per cent, and a third332 words
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181 1998-07-28 2 The Straits Times SINGAPORE must thoroughly re-examine its competitiveness and strategies and change policies, where necessary, to weather the regional economic crisis, Deputy Prime Minister Lee Hsien Loong said yesterday. In a summary of his closed-door talk to union leaders at DBS auditorium, theThe Straits Times - 181 words
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150 1998-07-28 2 SINGAPORE was the sixth most popular meeting destination in the world last year, the Singapore Tourism Board (STB) said yesterday. The latest survey by Union des Association Internationales, a conventions industry research source, shows that Singapore also maintained its spot as Asia's150 words
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286 1998-07-28 2 Jennifer Lien - Orders starting to stabilise, says Peripheral Research By, Jennifer Lien GLOBAL demand for disk drives has started to stabilise and a recovery is expected to start this quarter, a market research firm said at a conference yesterday. "In terms of numbers, this last quarter286 words
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336 1998-07-28 2 Ang Wan May - First group, with top outbound agents, to be launched in Aug By. Ang Wan May A GROUP of Singapore travel agents with a combined annual turnover of over $500 million is banding together to stem losses in the travel industry. With336 words
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377 1998-07-28 4 Siow Li Sen - REACTIONS TO DBS-POSBAMK MERGER Bat some reckon new giant will keep eye on bottomline, drop low-price strategy By I Siow Li Sen BANKERS mulling over the impact of DBS Bank's purchase of POSBank on the housing loan and deposits markets see377 words
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Article, Illustration312 1998-07-28 4 Conrad Raj - LiewHeng Santo replace Ho Meng Kit asEDB'sMD By i Conrad Raj HO Meng Kit, managing director of the Economic Development Board, will be returning to the Ministry of Trade Industry as deputy secretary as part of senior management changes in MTI and EDB.FILE PHOTO - 312 words
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421 1998-07-28 4 Siow Li Sen - Those in trouble may have other facilities like overdrafts By I Siow Li Sen BANKS say it is not their practice to require borrowers to top up housing loans for properties which have fallen in value. They say press reports on topping up being421 words
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356 1998-07-28 4 Soh Tiang Keng - By I Soh Tiang Keng SINGAPORE'S biggest supermarket chain NTUC FairPrice reported a 12.2 per cent rise in group turnover to $845 million for the year ended March 31 despite tougher competition. But at the cooperative level, Fair Price reported a 24 per356 words
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Page 2 Advertisements
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Page 3 Advertisements
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Advertisement134 1998-07-28 3 The level of our service hasn't changed. Just its breadth and depth. Union Bank of Switzerland and Hong Kong, Jakarta, Kuala Lumpur, Swiss Bank Corporation have joined Manila, Melbourne, Mumbai, Osaka, to form a bank which ranks among the Seoul, Shanghai, Singapore, Sydney, top financial services firms in the world.134 words
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Page 4 Advertisements
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Advertisement1010 1998-07-28 4 r THE BANK OF NEW YORK COMPANY, INC. Head Office: 48 Wall Street, New York, NY *****, U.S.A Singapore Branch: One Temasek Avenue, #02-01 Millenia Tower, Singapore *****2. Consolidated Balance Sheets Consolidated Statements of Income Dollars in millions, except per share amounts December 31. 1997 1996 Dollars in millions, except1,010 words
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Advertisement89 1998-07-28 4 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands •Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For89 words
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FOCUS: PROPERTY
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Article, Illustration664 1998-07-28 5 Lee Han Shih - THE PROPERTY COLUMN If Credit POSB borrowers worry about higher interest costs and start selling out, it could soon depress property further By Lee Han Shih A FULL one-fifth of Singapore's private housing mortgage holders woke up last Saturday to find they would soon664 words
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Article115 1998-07-28 5 contractors and consulting firms keen on TOffflflfror pubne sector jobs worth over $30 million have to achieve ISO 9000 status within the next 11 months. The Construction Industry Development Board (CIDB) issued this reminder yesterday, giving July 1,1999, as the deadline for firms to obtain115 words
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341 1998-07-28 5 David Ong - LETTER TO THE EDITOR David Ong I REFER to Mr Lee Han Shih's article, "A policy in need of renovation", in BT's Property Column on July 21. I could not help but agree with the points raised by Mr Lee as I341 words
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Page 5 Advertisements
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Advertisement943 1998-07-28 5 Property auctions coming up TUESDAY, JULY 28 (11.15 am) Grand Plaza Hotel, Ballroom II Development: Lot 6613 Mukim 27 at Upp Changi Rd: 10,645 sq ft/FH* Lot 422 Mukjm 15 at Venus Rd: 7.536 sq ft/FH* Residential: 16 Sennett Terr: 3-sty semi-D, 3,728 sq ft/FH* 7 Kew Hetght: 3-sty semi-D,943 words
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Advertisement291 1998-07-28 5 FOR SALE BY PRIVATE TREATY I yxT 1205 HENDERSON ROAD a *f 1 //i 30% stake of an 8-storey warehouse cum jdi i w Cw .J factory building /fiL g f*d ifi Units #03-01, #04-01, #04-02 #05-01 'ft\K jj Lettable Area: 23,090 sq ft ri*m» ■JP J Tenure: Freehold 2291 words
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Advertisement285 1998-07-28 5 NAMLY VIEW Exceptional Bungalow Open Home Today View By Appointment 7" Ji Be.t Price -X !siS| Bert Location 2 1 ■**< B tt'J ».|2J Be»t Number Best Financing G'ted Best Bay!! I pacmc6«BWPioromn mom FOR SALE 15,500 sq ft bungalow in Kheam Hock Road vicinity Freehold Beautifully reconstructed and well285 words
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ASIA'S ECONOMIC SLUMP
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Article, Illustration443 1998-07-28 6 Belt-tightening measures and budget cats on the way Reuters [MANILA] Philippine President Joseph Estrada, in his first State of the Nation address to Congress yesterday, said the country expects a growth in gross national product (GNP) of 2 to 3 perReuters; REUTERS - 443 words
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752 1998-07-28 6 Meera Tharmaratnam - Without foreign bonds, EL may have to rely on domestic capital: analysts From Meera Tharmaratnam in Kuala Lumpur THE downgrade of Malaysia's sovereign debt rating to two notches above speculative grade by international rating agencies last week has raised concern752 words
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351 1998-07-28 6 [SEOUL] South Korea's won yesterday closed sharply higher against the US dollar after hitting a year high on heavy dollar inflows from exports and corporate asset and stake sales, dealers said. The local currency finished at 1,209 a US dollar after351 words
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120 1998-07-28 6 AFX-Asia [HONGKONG] Standard Poor's said it has lowered its long-term foreign currency counterparty rating for Malayan Banking Bhd to "BBB+" from "A The long-term local currency counterparty rating of "A and the short-term foreign and local currency counterparty ratings remain unchanged. In a similarAFX-Asia - 120 words
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Article, Illustration90 1998-07-28 6 [TOKYO] A money dealer holding his head in his hands during a trading session at a Tokyo foreign exchange brokerage yesterday. The yen suffered a sharp fall to below 142 against the US dollar as market players awaited the posting of key cabinet positions. It facedREUTERS - 90 words
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466 1998-07-28 6 Aussie insurer sees HE peg to US$ breaking in a year Bloomberg [MELBOURNE] National Mutual Holdings Ltd turned to the swap market because it expects Hongkong's currency among the last in Asia tied to the US dollar to be devaluedBloomberg - 466 words
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438 1998-07-28 6 Bank Indonesia signs MOU to provide support to 21 banks Reuters [JAKARTA] Indonesia's central bank, Bank Indonesia, yesterday signed a memorandum of understanding (MOU) with 21 commercial banks to kick off an export recovery programme. The central bank said in a statement that theReuters - 438 words
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Page 6 Advertisements
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Advertisement9 1998-07-28 6 Chaebols agree to speed up business swaps, Pg 109 words
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Advertisement14 1998-07-28 6 Buy It. Sell It. Find It. Xfelk Classified. Call Today For Results Tomorrow. 1800-*****6614 words
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Page 7 Advertisements
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Advertisement2042 1998-07-28 7 'he Business Times, Tuesday, July 28,1998 ADVERTISEMENT Page? Go-ahead on \~3£ !L. H I |Osj-ssß New S pore Marina Line j g financial hub benefits Suntec City established Im* a MANOA,,N I* or Financial institutions in f MB B 5 lip Singapore have traditionally instead ofdnving to work, A World-CIaSS2,042 words
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SOUTH-EAST ASIA
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431 1998-07-28 8 ASEAN REGIONAL FORUM Members express grave concern withont naming India and Pakistan The Straits Times [MANILA] The recent nuclear tests in South Asia proved to be the most contentious issue at the Asean Regional Forum talks here yesterday, with India being put on theThe Straits Times - 431 words
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Article, Illustration334 1998-07-28 8 JAKARTA Gathering ends peacefully; residents, market relieved AFP THOUSANDS of people yesterday held a peaceful rally at the home of opposition politician Megawati Sukarnoputri to mark her 1996 ouster from the leadership of the Indonesian Democracy Party (PDI). Tense Jakarta residents, and the stock market,AFP - 334 words
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Article, Illustration324 1998-07-28 8 KUALA LUMPUR MALAYSIAN Transport Minister Ling Liong Sik has hit out at Singapore port authorities for using "all sorts of methods" to block cargo from coming to Malaysian ports, The Star newspaper reported. Labelling this attitude as "what is mine is mine, what324 words
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362 1998-07-28 8 PHNOMPENH Early results reveal a tight race with no party in sight of two-thirds majority AFP WITH early Cambodian election figures showing a tight race between the three main parties, diplomats and analysts yesterday turned their attention to how a "no love lost"AFP - 362 words
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184 1998-07-28 8 SUBIC BAY AFP A POLITICAL enemy of Philippine President Joseph Estrada insisted yesterday day he was stiU in control of a northern free port, where scores of people were injured on Sunday after riot police moved in to oust him from his office. RichardAFP - 184 words
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468 1998-07-28 8 Harish Mehta - But controversial plan has long way to go, says source From Harish Mehta in Bangkok THAILAND is once again attempting to put the military and its budget under civilian command in a plan announced last week that has won wide backing.468 words
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Page 8 Advertisements
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Advertisement1136 1998-07-28 8 3j\ THE BANK OF EAST ASIA, LIMITED 10 DES VOEUX ROAD, CENTRAL HONG KONG CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 1997 CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 1997 1997 1996 1997 1996 HKs'ooo HKS'OOO HKS'OOO HKS'OOO ASSETS Interest income 9,395,705 7,494.171 Cash and short-term1,136 words
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CHINA – HONGKONG – TAIWAN
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418 1998-07-28 9 SHANGHAI Reforms and opening np of markets to foreigners only solution to economic difficulties, he says Reuters CHINA'S drive to join the World Trade Organisation (WTO) is unswayed by the Asian financial crisis, a top trade official said yesterday. "In spiteReuters - 418 words
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Article, Illustration328 1998-07-28 9 JIUJIANG Situation most critical in Jiangxi, Hnbei and Hunan AFP MILLIONS of officials, soldiers and civilians in China yesterday battled the worst flooding of the Yangtze river since 1954. Water levels were above record levels along more than half of the huge river, with the situationAFP; REUTERS - 328 words
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159 1998-07-28 9 SHANGHAI Reuters A COURT in Nanjing city has sentenced a banker to life imprisonment for embezzling 214.70 million yuan (5544.4 million) in a case that shook China's financial sector. A mid-level court in the eastern Chinese city also fined Agricultural Bank of China official, WangReuters - 159 words
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267 1998-07-28 9 HONGKONG Projects have yet to receive central govt's approval Bloomberg CHINA'S Hainan provincial government plans to build an oil refinery and two petrochemical plants with investments of more than US$lO.B billion (5518.6 billion) on the island, according to the publication China Oil, Gas andBloomberg - 267 words
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148 1998-07-28 9 BEIJING AFP THE Chinese government said yesterday that China's growing military strength did not pose a threat to any foreign countries. "No factors prompting invasion of another country can emerge," the government said in a policy statement. "Even when China becomes strong andAFP - 148 words
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Page 9 Advertisements
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Advertisement23 1998-07-28 9 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. Another Classified I CAT s -l Service23 words
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Advertisement381 1998-07-28 9 Aug 26 This highly practical course will provide an understanding of key financial and related information. It deals with fundamental concepts in a clear, Fee: 290 c 92 c e and understandable way, to provide simple financial tools to gauge the financial well being of a company. As financial statements381 words
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Advertisement1313 1998-07-28 9 COMFOKTGROUP COMFORT GROUP LTD (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Fifth Annual General Meeting of the Company will be held at Sapphire 2, Social Clubhouse (level 2), Orchid Country Club, No. 1 Orchid Club Road, Singapore *****2 on Friday, 14 August 1998 at 3.001,313 words
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ASIA
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456 1998-07-28 10 SEOUL Deals to be voluntary and supported by govt, but analysts foresee problems Bloomberg HYUNDAI Group and four other South Korean conglomerates that can muster 250 companies between them have agreed to accelerate moves to swap entire businesses to help revive aBloomberg - 456 words
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Article, Illustration208 1998-07-28 10 SEOUL AFP SOUTH Korea's top carmaker Hyundai Motor Co announced plans yesterday to reopen its factories after a week-long closure, despite heightening tension as union workers vowed to strike. "We cannot continue to keep the factories closed as we have export orders forAFP; REUTERS - 208 words
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337 1998-07-28 10 SEOUL Economists say figure may still rise as economy shrinks further Bloomberg SOUTH Korea said fewer than 2,000 companies went bankrupt in June, the lowest since the country almost went broke last December. Corporate failures totalled 1,825, compared with 2,070 in May, theBloomberg - 337 words
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Article, Illustration391 1998-07-28 10 WELLINGTON Sale of govt's 51.6% stake more than 4 times oversubscribed Reuters NEW Zealand's coalition government yesterday sold its 51.6 per cent stake in Auckland International Airport (ALA) in what Treasurer Winston Peters described as "popular capitalism in action". The sale, billedReuters - 391 words
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Page 10 Advertisements
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Advertisement332 1998-07-28 10 »by the Admiralty Group, which three brands in Singapore, QlH> Robust Growth include Malaysia and Brunei. our corll hlislniMaMMl haull npnil -fire prevention and protection Our contract manufacturing from ttrangth to strength over the systems operation is also ISO 9002 last three years the Group heating, ventilation and air- Our332 words
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THE WORLD
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Article, Illustration461 1998-07-28 11 LONDON Peter Mandelson, the architect of Labour's election victory, is trade and industry secretary Reuters BRITISH Prime Minister Tony Blair yesterday sacked four ministers and promoted loyalists to key positions in the first reshuffle of his cabinet after 15 months in office.Reuters - 461 words
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277 1998-07-28 11 WASHINGTON Reuters US business economists reported yesterday that growth in demand for their goods and services grew slightly in the second quarter and most expect the trend to continue for the rest of the year. But there was a significant weakening ofReuters - 277 words
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191 1998-07-28 11 MOSCOW AFP PRIME Minister Sergei Kiriyenko said yesterday that Russia's new security chief Vladimir Putin had been handpicked to get to grips with the country's economic security concerns. Political analysts however suggested President Boris Yeltsin had installed a new Federal Security Service (FSB)AFP - 191 words
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WORLD Watch
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67 1998-07-28 11 Reuters [MOSCOW] Russia's smouldering labour unrest sparked anew yesterday when coal miners in the Ural mountains joined comrades on the island of Sakhalin in protests against unpaid wages. More than 300 miners lay on the tracks of the Trans-Siberian railway near Chelyabinsk. Regional authorities sayReuters - 67 words
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56 1998-07-28 11 Reuters [LONDON] The prospects for Britain's construction sector have worsened as rising interest rates have undermined consumer confidence, the National Council of Building Material Producers said. The BMP, which canvasses economists from building material producers, says private housing starts will fall over the next twoReuters - 56 words
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53 1998-07-28 11 AFP [LONDON] The British government was scheduled to announce yesterday reforms to bring swift retribution to illegal immigrants. The measures are expected to Include new powers for officials to raid homes of suspects, investigate bogus marriages, and a speeding up of the refugeeAFP - 53 words
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294 1998-07-28 11 BRUSSELS Leading telcos under scrutiny include BT, Deutsche Telekom Bloomberg AFP THE European Commission has decided to open an in-depth investigation into mobile phone call charges following complaints that users are being fleeced across the EU. Some of Europe's leading telephone companies,Bloomberg; AFP - 294 words
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Page 11 Advertisements
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Advertisement21 1998-07-28 11 •Tung Centre •Parkway Parade •A-Z Building •Paya Lebar Road For details, please contact owner: Tel: 437 6853 437 6872 534 313221 words
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Advertisement216 1998-07-28 11 Now, you can work from anywhere without a mobile phone or modem card. Pn jk I mmIntroducing the Ericsson GC2S Data Card Phone. It's the 2~in~l solution for the ultimate mobile office. Phone. Fax. E-mail. Connect to local networks. Surf the Internet. All from your laptop, wherever you are. No216 words
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EDITORIAL & OPINION
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Article, Illustration754 1998-07-28 12 Leon Hadar - THE BOTTOM LDVE OPINION By Leon Hadar The writer is BT's Washington correspondent. LEADING intellectuals on the American political right have been decrying in recent years the sense of "moral relativism" that they say, prevails in political, media and academic circles. They argue754 words
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Article121 1998-07-28 12 The IMF is neither infallible nor perfect. But it is the single most important and effective instrument we have for dousing the fires of financial crisis in Asia and elsewhere.' Madeleine Albright US Secretary of State, to Asean leaders. In the last 20 years politics has become121 words
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Article606 1998-07-28 12 EDITORIAL MALAYSIA'S National Economic Recovery Plan, released last week, is comprehensive in scope, pragmatic in intent and remarkably candid about the ills that plague the economy. The 190-page plan, which was produced by the recentlyformed National Economic Action Council chaired by Special Functions Minister Daim Zainuddin, acknowledges606 words
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Article, Illustration1114 1998-07-28 12 Paul Samuelson - We could look back on 1998, like we do with pre-Depression 1928, with at least a tinge of nostalgia By Paul Samuelson The writer is an economist at the Massachusetts Institute of Technology. This commentary first appeared in The Los Angeles Times WATCHING global economic developmentsFILE PHOTO - 1,114 words
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Article831 1998-07-28 12 Poser* remain over amnesty AS the government releases 50 more political prisoners, the freed activists will leave behind not only the rest of the convicts but also a question about why the authorities have applied unaccustomed criteria in granting clemency. The government's action, which falls under831 words
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Page 12 Miscellaneous
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Miscellaneous28 1998-07-28 12 DOOHESBUBT By Garry Trudeau n~l AND THE lALSOHAVSTO P 1 F&mVALOJAhm %££nMA/R£ U_t<#AT* M ISTSS6E.M WHAT? \V\ A COMPLETE OUeSTfONNAJRB... *1. ARB H| n| 7 JULj FIIMO6RAPHY IHBY28 words
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Page 13 Advertisements
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Advertisement315 1998-07-28 13 Buy It. Sell It. Find It. Classified. CATS Call Today For Results Tomorrow. 1800-*****66 Where to wine, dine and entertain..."™? 1 —————^i^—^^^^mm *1P Jf# Now at |1 0 THE H KEREN in Ouiiard i Ss i f O/iai C>uis/ne llf the Business Times readers M Just present this ad vjL315 words
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Advertisement115 1998-07-28 13 I 1998 Singapore Food Festival A World Gourmet Summit iww— I M 79 r^ s Sway to culinary beats and the excellence of Ken f Forrester's Vineyards in South Africa as we bring you the distinction of South Revolving African wine and cuisine at Restaurant i9th floor Top of the115 words
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Page 13 Miscellaneous
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Miscellaneous789 1998-07-28 13 TV&RAPIO jT| wnh)i wl2 BUJO Triple Nine. 4.00 Temples of India. LMA n 9.30 Asteriod Night 1 4.30 Arattai Arangam. ESTX^ im w a ,V on tv Partl 5.00 The Adventures of 4.00 Kidz Blitz: Walter Mel- 10 .30 News 5 Tonight. .oa 11.00 Business Day. 6.00 Saalaram 4.30 Grimm789 words
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Miscellaneous153 1998-07-28 13 CRYPTIC CROSSWORD 31 Alcohol provides animation (6) 11 The case for arms limitation YESTERDAY'S SOLUTION DOWN t l2 mi ihibimi M 15 Father William's capital fruit 1 Way-out supporter (8) Flpff B Btlßlllflfi/PlSf'j 2 Co-operation shown by play- i 6 Number in a state of nerves o T? 1 fail153 words
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EXECUTIVE LIFESTYLE
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Article, Illustration857 1998-07-28 14 BERNARD WEINRAUB - His WWII epic, Saving Private Ryan, earns rave reviews from critics, filmgoers, says Bernard wxonraub BERNARD WEINRAUB NYT BY Sunday morning, Steven Spielberg was one of the few people left in the movie business who were unaware that Saving Private Ryan had earned the best reviews ofNYT; FILE PHOTO - 857 words
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774 1998-07-28 14 PROFILES Theronx charts the rise and bitter close of a long relationship with Naipanl NYT [LONDON] The 31-year friendship between the writers VS Naipaul and Paul Theroux began in an academic outpost in Uganda in 1966, when Theroux was 25 and Naipaul was 34.NYT - 774 words
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Page 14 Advertisements
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Advertisement283 1998-07-28 14 Hfl o MB hen we set out to create the most refreshing retreat at Spring City, we had more than a little help from Mother Nature herself. Here in Kunming, Yunnan, the southwestern province of China, you'll find our gently rolling fairways set in a breathtaking landscape of pristine lakes283 words
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COMPANIES & MARKETS
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Article, Illustration437 1998-07-28 15 Ven Sreenivasan - It ends with 40% net gain on volume that is 129% of free float; SES investigating Ven Sreenivasan [SINGAPORE] Shares of newly listed Mid-Continent Equipment leaped by almost 60 per cent yesterday in what traders described as a syndi-cate-driven speculative ramping exercise. TheSource: Bloomberg - 437 words
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382 1998-07-28 15 Ruth Wong - From Ruth Wong in Kuala Lumpur POWER utility Tenaga Nasional and independent power producer (IPP) Malakoff have mutually terminated a memorandum of understanding (MOU) which was set to transform Tenaga into a major shareholder of Malakoff through the injection of stakes into two382 words
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771 1998-07-28 15 R Sivanithy - HOCK LOCK SIEW R Sivanithy WHY has the cash market for shares disappeared? More importantly, is there a need for the cash market to be revived? This segment of the market where stock transactions are settled the next771 words
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473 1998-07-28 15 Jenny Lam - By, Jenny Lam [SINGAPORE] Marco Polo Developments (MPD) plans to replenish its landbank in Singapore next year by buying prime sites or by taking over a company with good property assets. In the meantime, the company has decided to delay473 words
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479 1998-07-28 15 Teh Hooi Ling - This follows its proposed alliance with British Telecom Hy Teh Hooi Ling [SINGAPORE] Singapore Telecommunications and a number of Asian telecom companies (telcos), which are members of global alliance World Partners, have found themselves being "dumped" following the proposed "marriage" of AT&T and British479 words
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Article129 1998-07-28 15 Tony Tan - LETTER TO THE EDITOR Tony Tan AIDEC Management Company Pte Ltd I REFER to BT's front page report yesterday headlined "MAS task force clearing the way for asset securitisation". As you may be aware, banks in Singapore are governed by the Banking Act and MAS129 words
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REGIONAL COMPANIES
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Article, Illustration407 1998-07-28 16 Christopher Tan - Gronp finds itself on slippery patch amid mounting tax and COE-related costs By< Christopher Tan [SINGAPORE] Transport operator Comfort Group is likely to face its toughest year as vehicle costs soar on the back of higher COE prevailing quota premium (PQP) andFILE PHOTO - 407 words
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Article152 1998-07-28 16 [SINGAPORE] NTUC deputy secretary-general Lim Swee Say will become chairman of Comfort Group Ltd with effect from Aug 15, replacing Wan Soon Bee, who is retiring. A Comfort statement yesterday said that Dr Wan, who has headed Comfort since 1986, will not seek re-election152 words
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430 1998-07-28 16 Loh Hui Yin - Move to serve retail customers, diversify its clientele base Frorn Loh Hui Yin in Hongkong HALF a year after paying close to US$9O million (Sslss million) for Yamaichi's stockbroking business in Hongkong, Core Pacific of Taiwan has been busy expanding the operations despite430 words
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322 1998-07-28 16 AFP [SEOUL] South Korea's ailing Kia Motors Corp unveiled the details of a debt repayment plan with its creditors yesterday which will reduce the group's burden by 6.57 trillion won (559.9 billion). But creditors of Kia and its truck-making affiliateAFP - 322 words
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246 1998-07-28 16 Rise expected to make up for fall in property income Bernama [KUALA LUMPUR] 101 Corporation Bhd's plantation earnings are expected to surge next year due to higher crude palm oil prices. In the latest edition of its newsletter, Malaysian investment consultant Capital DynamicsBernama - 246 words
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460 1998-07-28 16 Harish Mehta - UK bank has better chance than Bank of Nova Scotia: sources From Harish Mehta in Bangkok BRITAIN'S Standard Chartered Bank and Canada's Bank of Nova Scotia are competing for a controlling stake in Thailand's third-smallest commercial bank, in a trend of Thai banks460 words
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424 1998-07-28 16 Union fears more layoffs bnt company denies such plans AFP [HONGKONG] Leading blue chip Hongkong Telecommunications Ltd laid off some 270 staff yesterday, the latest in a string of redundancies announced here amid the economic downturn. The company said the jobAFP - 424 words
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COMPANY Briefs
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Article59 1998-07-28 16 [SINGAPORE] The Hai Sun Hup group yesterday said chairman Ow Chio Kiat had bought 45,000 Hai Sun Hup shares last Friday, representing 0.01 per cent of the group's issued share capital, at an average price of 39.35 cents per share. This brings Mr Ow's59 words
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84 1998-07-28 16 [SINGAPORE] Singapore Telecommunications yesterday said its wholly-owned subsidiary, Singapore Post Enterprise Pte Ltd (SPE) had formed a joint venture, Print and Mail Intercontinental (Asia) Pte Ltd. Print and Mail has a $3 million authorised capital and paid-up capital of $150,000. SPE has a 7084 words
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58 1998-07-28 16 [SINGAPORE] Singapore Airlines recently concluded an agreement with US-based Sansome Planes 11 LP to sell and lease back a Boeing 747-400 aircraft for five years. SIA said this was the sixth time it was selling and leasing back a Boeing 747-400 with San58 words
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25 1998-07-28 16 [SINGAPORE] China Everbright Pacific Ltd yesterday announced the resignation of executive director and general manager Tong Xin with immediate effect.25 words
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INTERNATIONAL COMPANIES
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393 1998-07-28 17 Report comes in the wake of AT&T-BT tie-op which is likely to spar alliances Bloomberg [LONDON] Bell Atlantic and GTE have held talks about a possible merger, valued at as much as US$55 billion (Ss9s billion), that would cover one-third ofBloomberg - 393 words
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400 1998-07-28 17 Neil Behrmann - From, Neil Behrmann in London BRITISH Telecom shares yesterday surged 75 pence or 9 per cent to 901 pence, while on the New York Stock Exchange, AT&T Corp shares rose to 60v« following news of their deal. The London market raised the value400 words
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361 1998-07-28 17 Bloomberg [TOKYO] Kokusai Denshin Denwa Co, Japan's largest international phone company, said it's considering joining a new alliance between AT&T and British Telecom. "The two companies have approached us to join the alliance," said a KDD spokeswoman. "And we are giving positive consideration toBloomberg - 361 words
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308 1998-07-28 17 FT [CHICAGO] The Chicago Board of Trade, the largest US futures exchange, is teaming up with the Moscow Stock Exchange to help form a derivatives market in Russia. The CBOT said there was no firm timetable, but the two organisations have signed aFT - 308 words
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290 1998-07-28 17 Bloomberg [FRANKFURT] Deutsche Bank, Europe's second-larg-est bank, said first-half profit rose 63 per cent, less than analysts' expectations, boosted by a special dividend at automaker Daimler-Benz. Profit rose to 2.43 billion deutschemarks (552.3 billion), or 4.56 marks per share, from 1.49 billionBloomberg - 290 words
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FINANCE & COMMODITIES
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Article, Illustration465 1998-07-28 18 Shiv Taneja - Though he has been offered a position in Schroders London, he is keen to stay on in the region By\ Shiv Taneja [SINGAPORE] After 29 years with UK merchant bank Schroders, 13 of which were spent in Singapore, Robert Tomlin, the firm's managingFILE PHOTO - 465 words
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375 1998-07-28 18 Ase&n producers threaten to quit group over prices Reuters [SINGAPORE] Growing dissatisfaction over the International Natural Rubber Organisation among producing nations is showering Southeast Asia's wary rubber market with more uncertainties, traders said yesterday. "It's not new that Southeast Asian countries threaten to quitReuters - 375 words
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289 1998-07-28 18 Bloomberg [SYDNEY] Colonial Ltd and St George Bank Ltd are the most likely takeover targets in Australia's finance industry, according to a report by the stockbroking arm of Macquarie Bank. The bank says Colonial's chances of being bought are rated as highBloomberg - 289 words
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138 1998-07-28 18 Bloomberg [LONDON] Coffee dropped as much as one per cent, reversing last week's gains, on forecasts for mild temperatures this week in coffee-growing regions of Brazil. While temperatures will probably fall in Brazilian coffee groves this week, they're not likely toBloomberg - 138 words
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Article281 1998-07-28 18 Shanghai Metal Exchange likely to merge with 2 others Bridge News [HONGKONG] China Securities Regulatory Commission (CSRC), the country's securities and futures watchdog, may announce the closure of the Shenzhen Mercantile Exchange (SME) this week, industry sources said yesterday. Meanwhile, the Shanghai Metal Exchange (SHME)Bridge News - 281 words
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275 1998-07-28 18 FT [LONDON] Rossiisky Kredit, one of Russia's largest industrial banks, is understood to have sold its 46 per cent stake in the giant Lebedinsky iron ore mine to a Russian steel producer, which could soon be listed in London. Oskol ElectrometallurgicalFT - 275 words
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165 1998-07-28 18 SXMEX Report Reuters [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures firmed yesterday as Tokyo stocks fell sharply on pessimism about the prospects for real change under Japan's new leadership. But dealers said trade was slow, with many players opting to stay outReuters - 165 words
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Article153 1998-07-28 18 Charlie Kuo - MSCI TAIWAN FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures finished lower on concerns about the political situation in Japan which led to a weaker yen and declines in major Asian equity markets. The July 98 contract153 words
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Article359 1998-07-28 18 ENERGY REPORT Bloomberg Reuters [LONDON] Crude oil rose after a report that the United Nations has not yet approved imports of spare parts Iraq needs to repair oil installations and lift production. The UN has still not approved any of the 78 sparepartBloomberg; Reuters - 359 words
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Article276 1998-07-28 18 AFP London THE yen fell in Europe yesterday because dealers were anxious about uncertainty over the composition of the Japanese government following the appointment of Keizo Obuchi as prime minister. The yen fell to 142.29 to the US dollar in late trade from 140.85 on Friday when itAFP - 276 words
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Article, Illustration1211 1998-07-28 18 nrrERBAMK CROSS RATES Jui27 C$ i»b ECU Ffr Dn WK$ Mh Nplah Yen Won Ml «$Mih Nw SS land Sfr WT$ fafct Pwd US$ 0.914 6.178 0.550 3.640 1.085 4.718 25.*****.433 0.867 7.3*9 2.526 1.190 31.187 25.700 1050 3.825 0.913 20.956 25.042 0*68 0*09 5 531 i!2 ***** ***** 0.9481,211 words
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Article1877 1998-07-28 19 SIOOMFPTOKBS Jul 27 RUBBER (futures dosing m it 5.30pm) RSS1 CONTRACTS cer.tsAq) Close Volume Open Month High Low Sett (tonnes) Interest Aug 98 126.00 50 Sep 98 124.75 340 Oct 98 124.50 1450 Nov 98 125.25 1450 Dec 98 126.00 1450 Jen/Mer 99 128.50 t950 Apr/Jun 99 132.751,877 words
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Article2410 1998-07-28 19 LONDON iiMusxnsis MV Pt«. 31 Group 599.000 -1.000 AB Ports 330.000 1.000 AOO*v National 1064.000 -t6.000 Allied Domecq 579.000 unch Aiwc 159.000 *3.000 Asd* Group 211.000 -3.000 BAT Ind 688.000 17.000 BC PIC 396.000 5.000 BtCC 130.000 1.000 BOC Croup 808.000 -17.000 BR Petroleum 829.000 1.600 BTR2,410 words
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Article1646 1998-07-28 19 Bloomberg Q Nikkei 225 -***** THE benchmark stock index fell to a onemonth low yesterday on expectations Japan's next premier and his likely appointee for finance minister won't be able to reverse the economic slump. Banks such as Sumitomo Bank Ltd and top exporters including Sony Corp paced theBloomberg - 1,646 words
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Article, Illustration1473 1998-07-28 20 AFP Bloomberg |3 Hang Seng -***** STOCKS closed sharply lower yesterday to below 8,000 points on a big sell-off in Japan and fears over Tokyo's commitment to economic reform, dealers said. The key Hang Seng Index ended down 273.03 points, at 7,984.43. But turnover was thin at just HK$3.6AFP; Bloomberg - 1,473 words
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Article, Illustration618 1998-07-28 20 Reuters nShenzhen Blndex -Ll5 SHENZHEN'S B Share Index slid to a new 1998 closing low yesterday for the third consecutive session, with falls in Hongkong stocks and weakness in the Japanese yen combining to hit confidence, analysts said. The B Index fell 1.15 points to 70.62 on turnover ofReuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 618 words
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Article356 1998-07-28 20 AFP □wpinta -12J0 TAIWAN share prices closed lower yesterday amid cautious sentiment as investors awaited for direction from US markets, dealers said. The Weighted Price Index dropped 12.10 points to 7,890.30. "Investors were cautious and were waiting for the performance on Wall Street tonight," said Peter Chang with PolarisAFP - 356 words
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Article265 1998-07-28 20 AFP n Wellington -8.72 NEW Zealand stocks fell 0.4 per cent yesterday on light turnover amid the absence of positive local leads and with Asian markets languishing at weak levels. The NZSE-40 Index was down 8.72 points to 2104.83 in turnover of NZ555.5 million. AMP was up 18 centsAFP - 265 words
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Article, Illustration774 1998-07-28 20 AFP □set Into -&a THAI share prices fell yesterday on foreign led-selling across the board following declines on regional markets, analysts said. The SET broad-based Index fell 5.51 points to 269.93 points. "Most foreign investors are looking at the yen's movement," an analyst with a local brokerage said. TheAFP - 774 words
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Article409 1998-07-28 20 AFP n Composite Index +L 36 SOUTH Korea's share prices closed yesterday higher on a technical rebound following recent steep falls and amid jitters over regional currency movements, dealers said. A weaker Japanese yen kept the main stock index down, as the rapid recovery of the local currency alsoAFP - 409 words
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Article588 1998-07-28 20 AFP CI All Ordinaries -30.2 AUSTRALIAN share prices closed down yesterday after being pulled down by losses in Tokyo and weak showings by several blue chips, brokers said. The All Ordinaries Index closed down 30.2 points at 2,715.3. The All Industrials shed 51.8 points to 4,774.8 and the AllAFP - 588 words
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Article, Illustration702 1998-07-28 20 AFP n Composite Index *3.42 SHARE prices closed higher on the Jakarta Stock Exchange yesterday amid relief that the second anniversary of the ouster of an opposition leader went off peacefully, dealers said. "In general, the market was not so active but the sentiment is not so bad," aAFP - 702 words
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Article318 1998-07-28 20 AFP Q Manila -19.69 PHILIPPINE share prices closed 1.2 per cent lower yesterday on belief President Joseph Estrada's first state of the nation address later in the day would not contain concrete plans to revive the economy, analysts said. The Composite Index fell 19.69 points to 1,661.19. Total sharesAFP - 318 words
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KUALA LUMPUR STOCK MARKET
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Article, Illustration406 1998-07-28 21 AFP CI Composite Index -10.36 MALAYSIA'S key stock index closed lower yesterday, with sentiment hit by the decision to put on hold a plan to float a global bond issue after ratings downgrades by international agencies. "There are growing concerns that MalaysiaAFP - 406 words
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Article8551 1998-07-28 21 INDUSTRIALS Container products ,9 ®8 Last Vol Day Nat Cap HM» lw C »■>■■» lata •poo fg> Law P/I $1 310 180 Ajinomoto 200 110 811 148 40.5 Angnasa 43 unch 4 43 42 1.0 63.4 290 123 Apollo Food Hlg 138 unch 1 138 138 4.8 55.2 388 1908,551 words
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WARRANTS & OPTIONS
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Article179 1998-07-28 22 Ven Sreenivasan - WARRANT WATCH -By' Ven Sreenivasan THE warrant of leisure group Superbowl Holdings was the second biggest percentage gainer yesterday as it jumped 2.5 cents or 71.4 per cent to six cents. While the figure may seem impressive, it is worth noting that all this179 words
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Article3411 1998-07-28 22 BONDS, LOANS k WARRANTS Mint. 1 98 r L ,t W#l D«y Last Quote Avg Ml,n Company Sato e«r- COOO> High Low Buyer Seller Price 23.5 9 m 3000 m AMDB cS.5%*****6 95 I 2 95 "95 95 "115 20 5 5 3160 "Acer ******1 US$ 5.5 5 6 953,411 words
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Article2355 1998-07-28 22 Transaction date Jul 27 MALAYSIAN STOCKS Cf Qr ,99a Vol Day Last Quote Mv 04v YM Not M Cop Ml» Low Stno Compony Soto COOP) High Low Buyy So«Iot C'vr H PX Smil 135 28 mi 5000 AISBSOc 38.5 -15 32 39.5 37 38 39 5.0 3J 2.72,355 words
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6699 1998-07-28 23 Transaction date: Jnl 37 Of Cf M Wt ,a Last Vol Day Last Ouot. Otv Olv YM Net Cap Avg Lo StNo Company Sal* COOP) High Low Buyer SeMer H Cvr P/C Jmil Price INDUSTRIALS 43 12 s '020 ACE Dynamics20c... 15 unch 566,699 words
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Article1248 1998-07-28 23 99a 1 L" 1 V- L««t Ouot. OK Otv VM Nat Cap Av« W» L— ClIHI fOOO) HM» Ln tayar Mtr C'VT P/E $mu Prka 134 50 a 2000 ABR Hldqs Sc. 79 79 38 5 7 243 64 2049 AS Auto 10c 64 -2 197 68.5 64 641,248 words
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STOCK EXCHANGE OF SINGAPORE
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Article217 1998-07-28 24 Stocks volume Mid-ContlOc 20,320,000 ST Capital 25c 19,229,000 OCBC Foreign 5,615,000 *M Resources 5,329,000 DBS Foreign 4,975,000 DBS Land 3,770,000 OUB Foreign 3,231,000 •StarCruises 10 3,214,000 Goldtron 20c 3,154,000 HK Land USIOc 2,840,000 Stocks J DBS Foreign 49,953,850 OCBC Foreign 34,391,024 Mid-Cont 10c 14,798,415 City Dev 50c 13,388,197 UOB Foreign217 words
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Article, Illustration60 1998-07-28 24 Shiv Taneja - -by Shiv Taneja RHB Capital closed six cents lower yesterday at 48.5 cents on a volume of 2.72 million shares, compared with its 10-day traded average of 3.1 million shares. The counter is oversold, according to the daily RSI and Stochastics charts, However, for ttie medium term, investors60 words
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Article, Illustration659 1998-07-28 24 Ven Sreenivasan - STOCK MARKET COMMENTARY Property stocks weaken amid concerns that the DBS-POSBank merger would cut off a source of cheap housing loans By Ven Sreenivasan SHARES drifted sidewards as investors looked past the DBS Bank-POS-Bank merger to the larger issue of whether Japanese659 words
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ON THE GRAPEVINE
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Article134 1998-07-28 24 INTERNATIONAL companies listed in the United States must be a happy lot, judging by the many "new highs" that the New York Stock Exchange and Nasdaq exchanges have hit in the past six months. And this happiness extends to other areas of the US equities market134 words
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Article73 1998-07-28 24 COULD the people at OCBC's credit card deparment please explain this one to us? A BT reporter recently moved house, and contacted the bank's Credit Card Centre about the change of address. She then received a letter from OCBC, sent to her new home: "We would appreciate73 words
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Article146 1998-07-28 24 GUESS who said this: "I hope that the project will revitalise the Japanese economy and it will have a positive impact on employment in Japan." Japan's premier-designate Keizo Obuchi, maybe? Or perhaps US Secretary of State Madeleine Albright? Sorry, not even close. That gem of a146 words
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63 1998-07-28 24 THE global chase for gamblers by casinos around the world has brought Caesars Palace—a favourite of high-rollers—to Singapore. But this time it's not for customers, but for an altogether different reason the Las Vegas casino has filed a su it here against a Singaporean for63 words
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Article150 1998-07-28 24 IF you thought tliat the $2 million or $3 million that recent Toto draws have offered are huge, think what you can do with the money from winning tomorrow's US$25O million Powerball lottery game, the biggest jackpot in the US. The New York Times called it "a150 words
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Page 15 Advertisements
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Advertisement192 1998-07-28 15 The closest you can get to flying without actually leaving the ground. .-'\+A f /Zx c V r -I <r > Nobody understands the V principles of vehicle control better than SAAB As one of the world's leading aircraft manufacturers, years of aero technology have gone into making the Saab192 words
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Advertisement8 1998-07-28 15 British Telecom surges on AT&T news, Pg 178 words
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Page 16 Advertisements
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Advertisement94 1998-07-28 16 Overseas. Bom of centuries of experience. Designed to* challenge. Now ready to share ycxir horizons. Gase and I bracelet fashioned in solid gold. Water-resistant to 150 m (about 500 ft). Screw-locked crown and case back. Folding bracelet clasp with double safety catch. Overseas. The world is yours. VACHERON CONSTANTIN The94 words
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Advertisement13 1998-07-28 16 Sunday Classified t a-* 1 at Clarke Quay Every Sunday, 9am spm |caxs.|13 words
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Page 17 Advertisements
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Advertisement291 1998-07-28 17 Gain Valuable Knowledge and view the latest technical advances in the Contamination Control and Disk Drive industries One Location psjEEEBBSH Two Ground Breaking Events Trade Visitors Only ExlAh Horns: Unfiles City Tuesday 28 July Convention LnlUlliyj 12:00pm to 8:00pm Coitfro, WESBm KSfil Official O^k*-12:00 pm SinafliMM Wednesday 29 July 9291 words
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Advertisement1091 1998-07-28 17 REPUBLIC NEW YORK CORPORATION Parent Company of REPUBLIC NATIONAL BANK OF NEW YORK Head Office 452 Fifth Avenue, New York, NY ***** Singapore Branch: 143, Cecil Street #01-00, GB Building, Singapore *****2, Telephone: *****77 Telex: RS ***** Fax: *****69 CONSOLIDATED STATEMENTS OF CONDITION CONSOLIDATED STATEMENTS OF INCOME (In thousands) (In1,091 words
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Page 18 Advertisements
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Advertisement10 1998-07-28 18 The Straits Times Classified Where buyers sellers meet someone to10 words
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Page 20 Advertisements
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Advertisement19 1998-07-28 20 Buyina or selling throufih ll The Straits Times Classified is child's play. jHSti 9 Bjfl* Call CAT.S. at 1800-737-1166.19 words
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Page 21 Advertisements
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Advertisement26 1998-07-28 21 B.TL* b>l h i [•a 1 I *V>j I• I■ A i*l J i[»j Ir* r# rL w ij |H [J J 11 M |»T« j26 words
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Page 22 Advertisements
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Advertisement61 1998-07-28 22 Citibank Margin Trading Account Trade up to 2.5 times your share value or withdraw CASH on it. Call 339-7126 now. THE CITI NEVER SLEEPS 15 r.inili s ,i i shf ii ion W.i 2(> X (I rilt;i r <1 K o;i il 21 ii rit it u I .i s61 words
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Page 23 Advertisements
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Advertisement12 1998-07-28 23 4 <*_ The full use OF TODAY /V THE BEST PREPARATION fur TOMORROW12 words
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Advertisement6 1998-07-28 23 Imagination /.v more IMPORTANT than KNOWLEDGE-6 words
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Page 24 Advertisements
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Advertisement493 1998-07-28 24 BUSIHESS Notices To advertise call toll-free 1800-741 1883 i IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SADKA BROTHERS (PTE) LTD (IN LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN. pursuant to Section 308 of the Companies Act, Chapter 50, that the final meeting of493 words
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Advertisement333 1998-07-28 24 NOTICE IS HEREBY GIVEN that, I Matthew Coyne of 38A Jervois Road #04-06 Singapore *****4, have applied for a Public House, First Class Licence in respect of M/s Borders Cafe Espresso (Borders Pte Ltd) located at 501 Orchard Road Wheelock Place #01-K1 Singapore *****0, and that this application will be333 words
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Advertisement371 1998-07-28 24 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF BASE MINERALS (S) PTE LTD (l« CuMm' Voluntary UquMaton) NOTICE IS HEREBY GIVEN that the creditor* of the aboveaamed Company, which waa beiag wound up voluntarily, arc required oa or before 30 August 1998 to scad371 words
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Advertisement336 1998-07-28 24 f THE STRAITS TIMES CLASSIFIED YOUR GUIDE TO MORE PRODUCTS SERVICES T J CATS. J NOTICE IS HEREBY GIVEN that, I Chan Cheok Tien of Blk 548 #16-03, Serangoon North Ave 3, Singapore *****8, have applied for a Beer House, Second Class Licence in respect of M/s Sweetimes Holdings Pte336 words
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Advertisement78 1998-07-28 24 and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification, ground-breaking ceremony or a toppingout ceremony. It's another chance78 words
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SHIPPING TIMES
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Article313 1998-07-28 25 Bridge News TRADING was sluggish with a few Panamaxes reported fixed and levels remaining weak generally, brokers said. The east has been busier but rates remained weak while US Gulf trading has been minimal. Capesize rates were tentatively described as marginally higher in the east. Futures ended theBridge News - 313 words
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Article279 1998-07-28 25 ■nr a v« CWT Distribution-0.36 ChuanHup 0.40 *0.009 167 Cotco invostmont.. 0.50 Froloht Links 0.165 -0.005 74 GIHMHngt 0.19 -0.01 10 H«ISi»Hup 0.40 unch 24 HitocNZotM)—ass -0.005 18 IMC Holdings—MK 5.60 Jaya Holdings 0.40 unch 7 Shipyard 7.20 -O.OS 534 Corp 2.93 -0.10 1527 KoppolFELS 3.40 -0.10 122279 words
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432 1998-07-28 25 Felix Chan - 12% jump in new orders booked in April and Hay totalling 1.5 m gt By] Felix Chan [SINGAPORE] The major Japanese shipyards expect to turn out about 50 very large crude carriers (VLCCs) over the next two to three years. The shipbuilders432 words
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212 1998-07-28 25 Alec Almasan - From, Alec Almasan in Manila ONLY nine out of the Philippines' 122 maritime schools have made It to the final list of schools which will be submitted to the International Maritime Organisation (IMO) as having compiled with the requirements of STCW (Standards212 words
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Article, Illustration383 1998-07-28 25 George Joseph - fty i George Joseph [SINGAPORE] In a show of confidence that the economic good weather will return, diversified shipping group Hal Sun Hup yesterday launched a 20,700 deadweight multipurpose dry cargo and container vessel, HSH Sentosa. Fully-owned by the local-ly-listed group, the vessel willCHRIS LOH - 383 words
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Article95 1998-07-28 25 AFX-Asia [HONGKONG] China International Marine Containers (Group) Ltd has urged banks not to extend credit to unprofitable enterprises so that loss-making manufacturers engaged In destructive price competition are squeezed out of the market, China Daily's Business Weekly reported. Mai Bollang, general manager of CIMC, told theAFX-Asia - 95 words
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Article, Illustration1055 1998-07-28 26 DUTCH BARGE SECTOR The Netherlands' tradition-bound industry is being promoted as a 'green' alternative to Europe's clogged roads Reuters [ROTTERDAM] THE powerful and tradition-bound Dutch barge industry is being thrust into the modern world as the government seeks to make better use of Europe's inland waterwaysReuters; REUTERS - 1,055 words
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Article235 1998-07-28 26 PAGE DSRSenator 4 ACL 9 Danveron 4 ahl 3 Djak Lloyd 9 Accord 8 Dongnama 3 Appenship 5 ECL 5 Astro 3 E «W 6 Austral 9 FooftqSun 8 BSA 7 Link 4 Batammdo 7 GemartraflS 8 Bayswater 6 Gem W 9 8 tan, Mas 8 8235 words
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Article24830 1998-07-28 34 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number A 02/06 20/06 Saferoute HYUNDAI DYNASTY 304V* 65 *****22 04/06 29/08 Evergreen E. GOVERN 4-072W 65-392mi To ABIDJAN fABJl ?0ni 04/0824,830 words
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SHIPS IN PORT
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Article754 1998-07-28 39 v,,s Voy "o Berth Arrival Departure Jam* Nrt 22S", J05 »07/0700 SH* 1 04/96 JK> 4loogs«K 2107/1200 WJ796 *ongs«K 28.07/0100 5 07,m JO' Itoofsid* 28 07/0900 W ***** *****8 JOI <k>n«s.<M 28 07/0100 A***** J07 Uoogs«K 21 07/1500 JM atonqsidt 30.07/2359 F*trf Maw* V00I JI7 4(oo<jsjO< 28.07/1200 tE*pr«l754 words
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Article1808 1998-07-28 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boo*lng/B«t«nct Rstls Ship Voy No Etb/Btr Period From To From *ci 0141 21/2100 1A 27/1500 27/1651 27/7100 27/1500 27/1659 27/7*00 tt 27/1700 26/0459 26/0900 KM* M/0700 U 27/1500 27/1659 27/7900 27/1500 27/1659 27/1100 U 27/1700 21/0659 21/0900 2* 27/1700 21/06591,808 words
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Article189 1998-07-28 39 AagL Switzerland: National Day. Anf3. Ireland Republic Of: August Holiday. Aug 10. Singapore: National Day Holiday. South Africa: National Women's Holiday. Aof 12. Thailand: HM The Queen's Birthday. Ang 15. Austria: Assumption Day. Belgium: Assumption Day. France: Assumption Day. Greece: Assumption Day. Italy: Assumption Day. Luxembourg: Assumption Day.189 words
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Article1015 1998-07-28 39 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges In US dollars Instead of single prices for a more comprehensive description of the market Prices shown are based on average-sized stem Market movements are indicated The Cockett Bunker Price Index change and the individual1,015 words
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Article514 1998-07-28 39 Carbon 180 Mm 993.1 0.9 16.7 0.10 73 0.07 j«lv 23 OMSttv Kater Residue Ash Aluminium Sediment No above E25 3 0 10 0 0 0 rrr- 380 Ave 986.2 0.3 16.1 0.08 23 0.03 uTm 380 Ma« 992.8 0.9 19.0 0.11 m 0.07 IW) %MAI514 words
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AIR & LAND TRANSPORT NEWS
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643 1998-07-28 40 Int'l cooperation allows sharing of risk, technology and know-how IHT [BRUSSELS] The world's aerospace and defence industry may be coalescing into mega-alliances, American and European. But behind this consolidation will lie a more complicated reality: a web of complex and interwoven deals amongIHT - 643 words
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Article, Illustration72 1998-07-28 40 [FLINT, Michigan) Striking United Auto Workers union members and supporters cheer as trucks return stamping dies to the Flint Metal Fabricating Plant. The dies were removed from the plant prior to the June 5 strike 0f3,400 UA Wplant workers, which led to the eventual layoff of someREUTERS - 72 words
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266 1998-07-28 40 FT [LONDON] Daimler-Benz Aerospace (Dasa) of Germany has ruled out seeking a stake In Casa, Spain's state-owned aerospace company, leaving the field open to British Aerospace to take part In the Spanish company's partial privatisation. The sale of part of CasaFT - 266 words
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481 1998-07-28 40 Reuters [TOKYO] The severe slump in South-east Asia's car markets is likely to linger after dismal results for the first half of the year, analysts say, although fresh car financing schemes may offer some relief, albeit modest. IndustryReuters - 481 words
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Article1687 1998-07-28 40 OTY WW m FU6HT CTO $***** 1610 LH779 2359 Adoiolfe 8A7381 1930 8A7382 2055 0f0> IMS $*****_J3St 0F81 1930 0f82 2055 FukuoU S0989 1710 $0990 0105 2220 Gutnqzhou P9C $0803 1905 C2354 0910 Ainstorton N***** 0755 KL844 0040 C2351 2045 $0804 1020 J°327 0755 K1838 23001,687 words
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Page 25 Advertisements
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Advertisement17 1998-07-28 25 Dutch barge sector faces high-tech future Industry promoted as 'green' alternative to Europe's clogged roads. Page 217 words
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Advertisement321 1998-07-28 25 People HGeorg Mldunsky has been appointed Lufthansa Cargo's area manager for South-east Asia, India and Australia to be based in Singapore. The move comes as a part of a decentralisation of Lufthansa Cargo's structure with eight area management offices across the globe replacing centralised management in Frankfurt, Germany. Mr Midunsky321 words
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Advertisement158 1998-07-28 25 World defence industry spins web of mega-deals Int'l cooperation allows sharing of risk, technology and know-how. Back Page Borderless ~**m. i **w .T£ s j faw 'i»THp£y j: •fS-sSs£;;. When f/w? leaders of nations and celebrities ".-;vi" v\. V t» r jWl3 traveled to the East. NYK provided the »«■,'■iP'-.158 words
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Page 26 Advertisements
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Advertisement590 1998-07-28 26 I IMPORT I NORTH AMERICA [SUPER SHUTTLE EXPRESS [GULF KARACHI EXPRESS (QKX) HI a I s vor ju wm liit w® ui <oi rtc I w» WXI CHINA 24W528 15/07 02/08 00CINITAIN 17W529 22/07 09/01 HO NEDUOYD MJIAJ 2* 15/07 17/07 17/07 19/07 24/07 21/07 01/01 02/01 SE2SEL, S "Z590 words
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Advertisement91 1998-07-28 26 A SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN PORTS Hona Kong All China Port. <EVERY THUR ft SUN VESSELJ vtsstl VOY ETD SIN ETA TYO ETA KOt ETA YOX ETA NCO ETA OSA HOUSTON V.*****91 words
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Advertisement711 1998-07-28 26 f Lines services represented u of the Registry of Riders Accredited Snipping Agents wmm Association Singapore Shipping Association CONTAINERS/CONVENTIONAL CARGO ACCEPTING ON DIRECT SAILING TO MALE ETA(SING) ETA(MALE) MA' Princcss Lily V 0398 12/08/98 19/08/98 M/V Princess Lily V 0498 02/09/98 09/09/98 LILY MARINE SERVICES SINGAPORE Phone 334 7266/*****46 Fan711 words
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Page 27 Advertisements
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Advertisement1060 1998-07-28 27 SAX SERVICE (DIRECT) Ivtssa voy smeta lux oak pal hou ch ox mem mi myc tfISHHR 0041 05/08 20/08 24/06 24/06 2S/08 24/08 25/06 25/01 26/08 26/06 APISAfiOONTX 005t 19/06 03/09 07/09 06/09 06/09 07/09 06/09 06/09 09/09_ _09/og_ API TOURMALINE 019E 26/06 10/09 14/09 14/09 15/09 21/09 22/09 22/091,060 words
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Advertisement2087 1998-07-28 27 HANJIN SHIPPING HANJIN SHIPPING (S) PTE LTD hnp com BOOKING *****35 237 SALES *****24 231 DOCUMENT *****71 274 OPfIATIONS *****41 252 MAIN LINE *****55 FAX 222*160 (I NO **********0 M TO NW USA CANADA USA CANADA* FN VSI/VOY IAM ISM UNI HAUL/VOT SEA I TTW DEN POX ISi I MSP2,087 words
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Advertisement476 1998-07-28 27 containi>Tsi^ipic7tipsi«vicis VESSEL VOY SIN PKG VOY SIN HKG KEL USN PUS MONTAMIA IPS 19/07 21/07 lON 22/07 26/07 20/07 30/07 31/07 g{s I IhYUNDAI SPRINTER 01 OS |31/07| ***** KMTCULSAN OIOS 24/07 31/07 02/00 04/00 OS/OO MONTANIA lIS I 09/00 I M/M |KMTC PUSAN HQS 10//wl 09/08 j KMTCKEELUNG 006S476 words
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Advertisement1565 1998-07-28 28 DSR-SCNATOR UNES TO UK/CONTINENT TO RED SEA/MEDITERRANEAN/CANAPA VESSEL var SIN uh htm AMR ham >rv flx vtssa voy siw JiD git SK FOS W.C MTH hAMJIN SAM FRANCISCO WNB3I ?8 07 U N 1t 0t 17 01 19 M 20 00 MOB SHANGHAI SENATOR WMB34 30 07 10 00 161,565 words
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Advertisement1345 1998-07-28 28 MY ln,erne Wej3 Site http. //www yml.com. tw jf > *A bk X JIX 44'Hf f* v-a e aurival fixed oay-tuesday VESSEL VOY LEH F*T HAM ANR HFA SIM MING MOON AB23E SID SID SLD SLD SLD 28/07 OOVER BRIDGE A 824 SLD SLD SLD SLD SLD 04/08 MING STAR1,345 words
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Advertisement461 1998-07-28 28 LINE A TIL: *****36 FAX: *****1 a MUARA LABUAN vissa vor no n* vtssa vor m> ha SPORE MUARA SPORE LBN APMIGIORY Vl*/* 27/07 30/07 APRIOOtY VI9I/90 27/07 31/07 JJROSPB Vl*/* 02/00 05/00 WOSPH Vl*/W 02/00 06/00 APRHGiORT V2M/90 05/08 00/00 APRtGUMtT V2OI/94 05/00 09/00 JJKOSPW V2OI/90 12/00 15/00 J-PWSPH461 words
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Advertisement1562 1998-07-28 29 [vessel voy sin pgu pkq pen pqb dub shj ba bik IRAN MATIN PJL 1297 17/07 26/07 IRAN HESABI PJL 1304 20/07 06/08 07/08 07/08 08/08 IRAN TAKHTI 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 ACCEPTING CONTAINER/BREAK BULK SHIPMENTS TO INLAND1,562 words
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Advertisement2076 1998-07-28 29 ALL-WATER DIRECT TO NEW YORK IN 28 DAYS I SINGAPORE'S GfMERAL AGtMTS: 6 SHENTON WAY TEL 226 1900 EAX: *****0! OUTWAKD (i/t| C O«M SHIPMMG PTE LTD #im»E>«SIIDC SAUS/IKOS 4»SMI/41 INWARD DCPT <O/O> *****85 (OSTAR AGENCIES (M) SDN BHD _«JjOH]7By»9ooooM TOWEBJWO (06M09) CONVENTIONAL *****50/55 T/SHPMT DtPT *****25 TtL 02-07-35 MIM2,076 words
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Advertisement619 1998-07-28 29 •I—A EASTERN CAR LINER, LTDJ Tt^lT 02 |_Ej ECL (SINGAPORE) PTE LTD 11 SPECIALIZE IN RORO HEAVY UFT UPTO 122 TOWS ECI (SINGAPORE) PTE LTD LOADING FOR CALCUTTA/CHENNAI HO CHI MINH/HONG KONG MV "BRIGHT PESCADORES" V. 1 MV "GOLD INDUS" V. 1A ETA SIN 30/07/98 ETA CAIO4/08/98 ETA SIN 31/07/98619 words
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Advertisement1892 1998-07-28 30 I KCTTn europeajk/scandinavia/finland/russia I E DEVOTE RW-002 Mm x«. t?JL VIZ. ?!1 IMV I LHV THP "O" *NW HBG PKL SGP I I E DEVELOP RW 002 MIM IMS £55 i! 8 E ROYAL RE 8M M/B7 07/07 054)7 084)7 094)7 04/08 06/03 I E DECENT RU/nns 32 *9/08 31/081,892 words
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Advertisement424 1998-07-28 30 /C~T > NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRia VESSEI I VOT I SIN I Ptu I Dm I cn I B/IAY NAKTAIVEWUS V.Q2IS 03/08 11/0> 16/ M 21/08 24/01 GOLDBt MACON Y.004S 10/08 20/08 24/08 78/08 HAMSACASTBIA Y.OOIS 16/08 25/08 29/08 03/W HAMTAIKIHQSS VO23S 23/08 07/09 11/09424 words
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Advertisement474 1998-07-28 31 BSA4 mm MYANMA yHBk FIVE STAR LINE (Myanmor National Line) loading for Yangon (Rangoon) YESSfI VOY SIN PKL PEN PG4J <*ONG LA ISW SID SITTWE 81W SU) MALAYSIA AGENTS: MUSTEAD SHIPPING AGENCIES KUI: Til (03) *****00 PKL- TIL (03)*****01 «N: TIL (04) *****02 PGU: Ttt (07)*****21/4 BANK LINE (A servict474 words
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Advertisement1214 1998-07-28 31 HMNE* HYUNDAI MERCHANT MARINE CO., LTD. Ivtssa vor si sou taj ant iham wv m Ivtssa vor sou |uh| tm awt ham I wtv I mliwl NOl CYPRM 006W 27/07 12/07 13/08 IS/08 18/08 NOLBIS 0031 10/07 11/07 05/07 07/07 28/07 HYIAROM 314W 30/07 17/01 22/0( 19/08 20/08 081 54711,214 words
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Advertisement1124 1998-07-28 31 "Ofwegpn specofizec oukxomeo Q©§(°}<3 TO NORTH AND LATIN AMERICA "RORO HEAYYUFT SERVICE" [VESSEL vor RAMP HEIGHT SIN LAI CRI MIA SAV Ml QRF WT( fWHwI TOURCOING FBl5 400 TOOT 6.3 M IT/W "UjoT 0276T" ~057W~ W/W ~W/W TO7W 14/09 IS/09 TAPKHA FBl6 400 Tom 6.3 M 15/01 10/09 19/09 22/091,124 words
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Page 32 Advertisements
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Advertisement1909 1998-07-28 32 BANGKOK/ MAP TA PHUT/ LAEM CHABANO JAKARTA/PAN J ANQ VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN BAN I BHUM 108N In Pt 01/08 31/07 ANRO JAYAKARTA* 049 In Pt 30/07 CHANA BHUM" 28M In Pt 31/07 THANA BHUM 297S 29/07 01/08 SI NO OCEAN OCNQ99 29/071,909 words
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Advertisement36 1998-07-28 32 lns express (S) PTE LTD Blk 217 Henderson Road. #01-04 Henderson Industrial Park, Singapore *****5 CR NO: **********0/H Air-Sea International Freight Forwarders MANILA I Also accepting Heavy Lift Project Cargo Tel: 65-276 7996 Fax: 65-276 374036 words
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Advertisement410 1998-07-28 33 INDONESIANATIONA^N^I TO EUROPE H EXPRESS SEMI-CONTAiNERISED SERVICE VOY p POBi I OAM/R QAM H BUHG BREMEN ANTWERP A VESSEL 2H/1Q 25/10 OMIT 05/11 TO AUSTRALIA FULL CONTAINER SERVICE Wf PKO 51 |F»I Wt I SYO I MEI I HBA lAd API EMERAU) OSS 3M7 0108 OMB IMB 1766 2008 ZWH410 words
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Advertisement950 1998-07-28 33 ADVANCE CONTAINER LINES (PTE) LTD A I Z 140 Cecil Street *12-00, PIL Building. Singapore *****0 Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E OPERATIONS: *****60 *****05 BANGKOK JAKARTA (Weekly 8 Slgs PAT/? Sift LCH/ 1 Slg BUT) VESSEL VOY SIN BKK Y9l *1 SINO OCEAN950 words
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Advertisement858 1998-07-28 33 VESSELS VOY fSN I JED I MU L£H H*M THP ff[M ZEE Vt-Lf OE AWMOSA V27W OSW6 14/08 19*18 24/08 26/08 ~28/08 28/08 ~lg*o6~ VHi£ OE TANYA TZ7W 10/06 19/06 24/06 29/06 31/06 02/09 02AM 03/09 VM-LE OE TAURUS A27W 16/06 26/06 31/06 06/09 07/08 09/09 09/09 i<yo# VRXE D'AQUARIUS858 words
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Page 35 Advertisements
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Advertisement52 1998-07-28 35 I STEttTk Dial 740-6000 on demand —(Retrieve more schedules!) 3& Press "1" CT JPk Select the port and key in SIKI the four digit code eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovative service offered by The document Will be SHIPPING TIMES52 words
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Page 37 Advertisements
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Advertisement58 1998-07-28 37 STEMJ Dial 740-6000 on demand —(Retrieve more schedules!) Press "1" Select the port and key in the four digit code eg: To New York (NYC) 2275 Key in your fax number your phone number Another innovative service offered by r The document Will be Shipping Times *1? faxed to y°58 words
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Page 39 Miscellaneous
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Miscellaneous116 1998-07-28 39 [Regional K LEGEND R Thunderstorm Temperature V Shower Weather Wmd dwect.on with speed .n knots Rain Cloudy Sky Wove height Surface winds or, indicated by arrows which fly W,th the wind W°" U K < olm <"*» ™™b* o™ M ch 5 10 00. >M«1 50 klTO Wove he,,hM on(t116 words
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Page 40 Advertisements
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Advertisement54 1998-07-28 40 -BUSINESSCENTRE Y° ur 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. Call 740-6000 ST Press "1" key in Document Code Key in fax number Enter your phone number k jZZjZZT" I** risk 1 B(®6 M,W wn«oSt 1 l^sssgss^l I sss»a ;B Jpr- wnqapom54 words
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Advertisement27 1998-07-28 40 Shipping Times iiil I Newi'^ri'Transportation, 1 j-i. hm suit*' jiP' .vyV tfv* Logistics More! Find Out How We Can I Help You ReacNTOur Customers. THEftSMSSTMB SHIPPING TIMES27 words
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