The Business Times, 8 September 1998

Total Pages: 44
1 44 The Business Times
  • 12 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c SINGAPORE Internet: http://busine3s-times.asial.com.sg/ TUESDAY, SEPTEMBER 8,1998
    12 words
  • 60 1 mmm UBCJO (+57.06) ■wBT-SBI LJ3CJO (+27.03) wmwramp OHfJi (+89.67) MSDKJIFUmES m i3u p!J KAMDBTMOODs STOCK MARKET INDICES "frfMny Change KLSEOOMP 44M6 +810 NIKKEI 14,796.06 +747.14 HANG SEW) 4876-76 +***** SETWDCT »H +I1» JAKARTA OOMP —DU! +11» MANILA COUP 1,186.93 +t7it TAIPEI WPI tm.73—*4Ut SEOUL COMP ms +I1S9 CLSA
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  • 74 1 FOBEX RATES USt 8t US$ 1.733 £{US$/S8 per£) 1.670 1894 DM L71S 1.006 TEW 11 ti !JB4* Ml UN 0.4*0 HKt 7.741 0.224 BAJTT 40J7 O.MS WJPIAH 1_ ***** 0.018* 'SttoMimMi OIV V.VJO PUB BATES SINGAPORE* ,.1M KUALA LUMPUR „Ui® JAKARTA 28.60 BANGKOK 14.75 MANILA nM HONGKONG 1016 TAIPH
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  • 551 1  -  Clob to resume trading tomorrow for one week By' Yen Sreenivasan [SINGAPORE] The Stock Exchange of Singapore yesterday assured panicky investors who laid siege on their brokers that their holdings of Malaysian shares traded on Clob International are not "worthless". The SES said
    551 words
  • 911 1  -  Weekend comments from Greenspan give added boost By Louis Beckerling [SINGAPORE] Local share prices shook off the uncertainty surrounding Malaysian Clob shares yesterday, with the benchmark Straits Times Index snapping back sharply to close 7.1 per cent higher at 862.10.
    Source: Bloomberg  -  911 words
  • 608 1  -  From Meera Tharmaratnam in Kuala Lumpur MALAYSIA'S benchmark Kuala Lumpur Composite Index yesterday surged 81.62 points, or 22.5 per cent, to 445.06 as the government continued to push for lower interest rates. The central bank said it will
    Source: Bloomberg  -  608 words
  • 819 1  -  Tang to get more powers in battle against speculators From\ Loh Hui Yin, Quak Hiang Whai in Hongkong SWEEPING changes are being made to rules governing Hongkong's financial markets, including more authority for the chief executive over the stock and futures exchanges, in the
    819 words
  • Page 1 Advertisements
    • 157 1 it Us 4-M*k I* The yen has recovered more than 10% of its value against the dollar since last month and looks set to go higher still, taking Tokyo stock prices up with it Pg4 \CI ■B m I i 1 ftlkiftUiwn S Nallakarruppan, the man alleged to have arranged
      157 words
    • 8 1 Editorial: Fallout from the Malaysia drama, Pg 14
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    • 171 1 It's in KL's interest to allow transfer ofClob shares, Pg 17 Done deal ■IP'w'SWmR nK •-*-/*$^?*s<-*-- «#-?«4A.7-S5^* nT|l£ ll *'H?S^PRHF'aMRPHj P K ffil —mbrl Vjb A KaB Bftfl 2ffw Iff tEA |I 111 Kl I w I1 9] I'VBi ftf tMM#' ufei F^Bti, ■■b J it IV ■r |A i
      171 words

  • CHANGE IN MALAYSIA
    • 437 2  -  Mahathir still holds finance portfolio; Nor Mohamed Yakcop is central bank adviser Refxyrts from Meera Tharmaratnam in Kuala Lumpur MALAYSIAN Prime Minister Mahathir Mohamad has moved quickly to consolidate his grip on economic policy with the appointments yesterday of two allies to
      437 words
    • 373 2 [KUALA LUMPUR] Malaysia's new policymakers lost no time in reversing the slide in the economy, with the central bank disbanding key restrictions on bank lending to the broad property sector and further slashing banks' statutory reserve requirement, in a bid to get the economy
      373 words
    • 540 2  -  Crowds at brokers' offices yesterday thinned ont only after SES assurance Ny Siow Li Sen THOUSANDS of anxious investors continued to crowd brokers' offices yesterday, with the numbers thinning only in the afternoon after the Stock Exchange of Singapore (SES) issued a statement assuring them
      SIEW YAW HOONG  -  540 words
    • 450 2  -  By Clarissa Tan [SINGAPORE) At least two local banks DBS and OCBC are going all out to convert or transfer their customers" ringgit deposits, even though they are technically under no obligation to do so. Leaflets of the terms and conditions
      450 words
    • 357 2 [SINGAPORE] Those who hold ringgit deposits in banks here should contact their banks by today to settle the status of these deposits, the Association of Banks in Singapore (ABS) said yesterday. Since ringgit funds held by non-Malaysians outside Malaysia will no longer
      357 words
    • 695 3  -  Nalla denies funding sacked DPM in '96 polls or arranging sexual trysts for him From] Ruth Wong w Kuala Lumpur MAGNUM public affairs director S Nallakarruppan, the man alleged to have arranged sexual liaisons for former deputy premier Anwar Ibrahim, has strongly refuted the allegations
      695 words
    • 485 3  -  He softens stand and denies plans to join any opposition party Frorri Eddie Toh, Ruth Wong in Kuala Lumpur CROWDS swelled at the home of ousted former deputy prime minister Anwar Ibrahim as he softened his criticism of the Malaysian political establishment
      485 words
    • 295 3 AFP [KUALA LUMPUR] Malaysia's ousted finance minister Anwar Ibrahim has slammed new foreign exchange controls as a "jingoistic outburst" which will damage foreign investment over the short term. "It's too radical," Mr Anwar said in an interview with CNN International broadcast last night.
      AFP  -  295 words
    • 258 3  -  By l Shiv Taneja (SINGAPORE] In a first for Singapore's unit trust industry, UOB Asset Management is closing its United Malaysia Fund following Malaysia's adoption of exchange control measures. UOBAM has suspended trading in the fluid in a prelude to eventually closing it down.
      258 words
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  • Page 3 Advertisements
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  • ASIA'S ECONOMIC SLUMP
    • 759 4  -  Yen hits 4-mth high of 131.87 against the dollar, expected to continue finning From, Anthony Rowley in Tokyo THE Russian crisis and consequent jitters on Wall Street have overshadowed a development of potentially much greater economic importance to Asia the fact
      Source: Bridge; AFP  -  759 words
    • 299 4  -  Bnt move may not be enough to overcome investor worries From, Harish Mehta in Bangkok IN a much-needed boost to Thailand's economic reforms, Moody's Investors Service has upgraded the ratings of the country's baht-denomi-nated bonds further up into investment grade category, but analysts said that
      299 words
    • 291 4  -  Window-dressing, strong stock markets help, traders say By\ Larry Wee [SINGAPORE] Regional currencies started the week with a bang, led by a 3.3 per cent jump in the yen to close at 131.10, a level not seen since late April this year. Dealers said
      291 words
    • 683 4  -  Some fear reduced trading volumes as speculators become more careful From Quak Hiabg Whai in Hongkong LAWMAKERS and brokers were yesterday generally supportive of the sweeping measures proposed by the government to tighten controls and crack down on manipulation in securities and futures trading. In
      683 words
    • 262 4 ♦Hongkong Securities Clearing Company (HKSCC) to impose effective penalties on defaulting brokers, including buy-in penalty charges, default fees and suspension of trades for repeated offenders. ♦HKSCC will consider compulsory stock lending and borrowing arrangements for outstanding positions after close of market on T+2 to fulfill the
      262 words

  • SINGAPORE AT HOME & ABROAD
    • 403 5  -  Drop of 5,863 jobs more than doable forecast; jobless rate may rise in 02: MOM By\ David Boey THE labour market weakened further in the second quarter, with total employment down by 5,863, the Ministry of Manpower (MOM) said yesterday. And
      Source: MOM  -  403 words
    • 147 5 THE government gazette goes online next Tuesday, the Ministry of Information and the Arts (Mita) announced yesterday. Known as the Electronic Gazette or eGazette, it will be posted on the Internet by SNP Security Printing, the government's printer. eGazette at www.egazette.com.sg will
      147 words
    • 405 5  -  CPF/IRAS line aims to save time for firms and reduce errors By\ Soh Tiang Keng MORE than 50,000 business enterprises and firms will now be able to submit their CPF and GST returns in one go through a new electronic service developed
      405 words
    • 345 5  -  They will cooperate on business, cultural and political issues By. Poo-Cheong Wai Ming SINGAPORE and Germany yesterday signed a joint declaration to foster bilateral cooperation. This will serve as a platform for other agreements between the two countries on political, economic and cultural issues. German
      345 words
    • 346 7  -  EYE ON THE ECONOMY Labour By\ David Boey A TOTAL of 7,309 workers lost their jobs in the second quarter up from an earlier estimate of about 7,200 for the period according to the Ministry of Manpower (MOM)'s "Labour Market Sec-
      Source: OCBC  -  346 words
    • 296 7  -  Plans for trips to some 10 firms; Yock Suan, Boon Hengto lead first 2 visits By i Carol Eng CABINET ministers will visit small and medium enterprises (SMEs) over the next two months to gather firsthand feedback on how they are coping
      296 words
    • 472 7  -  It's about to have larger pool of less choosy skilled, semi-skilled workers By Audrey Tan SINGAPORE emerged last among 13 Asian economies in the Political and Economic Risk Consultancy's (Perc) latest annual survey of labour quality, cost and availability,
      Source: Perc  -  472 words
    • 574 7  -  By Ronnie Lim AMID the downturn, oil refineries here could resort to "mothballing" or temporarily shutting down some basic processing units in the next 12 to 18 months to rationalise operations, a US consultant said. But in the longer term, the Singapore
      574 words
  • Page 5 Advertisements
    • 138 5 Wfl ith its rapidly growing appetite for world-class products and services, China is a market you simply cannot ignore. Hong Kong companies have unrivalled experience and contacts on the Chinese mainland. To get a head start in the world s biggest market, call the Hong Kong Trade Development Council. We
      138 words
    • 98 5 you get a mission-critical database on its feet before your coffee gets cold, there's cause for a leading on the uses on NT to grow and manage Now a jMIH 11 fSTI B global sales staff can access a7by 24 search through put together adverrising packages for their customers. What's
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  • FOCUS: PROPERTY
    • 644 6  - Take a bet how about a casino or two in Spare? thbpkophrtt COLUMN As Genting shows, gaming generates demand for business and boosts tourism By Lee Han Shih A CONTROVERSIAL proposal that first rolled out 12 years ago during the last property downturn is again being aired in property circles
      644 words
    • 712 6  -  Returns lowest among 11 key markets in the Asia Pacific region, says JLW report By Jenny Lam [SINGAPORE] INVESTMENT yields from Singapore's prime Grade A office property are the lowest among 11 key markets in the Asia Pacific region, according to Jones Lang Wootton's latest
      Source:; FILE PHOTO  -  712 words
  • Page 6 Advertisements
    • 1046 6 f Engineering FIRST ENGINEERING LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at No. 26, Woodlands Loop, First Engineering Techno Centre, Singapore *****7 on 28 September 1998 at 9:15 a.m. or
      1,046 words
    • 104 6 F— ■m For Sale By Tender Residential Site off River Valley Road Next to Aspen Heights and UE Square Site Area: 33,112 sq ft Tenure: 999 yrs wef 1/7/1841 DGP: residential plot ratio 3.8 Tender closing 8 Oct 1998, 3.00 pm Large Bungalow Site Off Holland Road FOR SALE BY
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  • Page 7 Advertisements
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  • SOUTH-EAST ASIA
    • 704 8  -  With sales and asset values dropping, most are facing cash-flow problems Prom, Alan Boyd in Bangkok THAI retailers have become a prime target for foreign takeovers following sharp declines in sales and asset values during the first half of the year. With consumer demand
      704 words
    • 235 8 JAKARTA AFP AT least 1,000 students from various Indonesian universities yesterday marched to Parliament to demand that President BJ Habibie step down and hand over power to a transitional authority. The students from the Forum Kota, which gathers students from universities
      AFP; REUTERS  -  235 words
    • 377 8  -  Front Harish Mehta in Bangkok THE Thai cabinet is expected to approve today tough new taxes on the owners of vacant land and property, a move that would raise tax revenues but penalise property owners, analysts said. These draconian measures,
      377 words
    • 398 8 JAKARTA 80,000 tonnes allegedly stashed in warehouse, officials under probe: reports AFP POLICE here have seized 80,000 tonnes of rice allegedly hidden in the warehouse of an industrial estate by officials of a state agency responsible for keeping rice prices down, reports said yesterday.
      AFP  -  398 words
    • 311 8  -  Central bank says there is no plan to follow Malaysia From. Al Labita in Manila THE central bank of the Philippines yesterday denied a news report that it was following Malaysia's move to impose curbs on foreign exchange transactions. > "There's no truth to that,"
      311 words
    • 319 8 PHNOMPENH Reuters CAMBODIAN authorities ordered the arrest of prominent opposition figure Sam Rainsy for allegedly trying to provoke the killing of government leader Hun Sen and topple his administration, Mr Hun Sen said yesterday. The order followed a grenade attack on
      Reuters  -  319 words
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  • CHINA-HONGKONG-TAIWAN
    • 483 9 TAIPEI Bering demands that Taiwan military be banned from using ST-1 AFP A SATELLITE owned jointly by Taiwanese and Singapore interests has run into problems from mainland China as it prepares to move into its orbiting slot later yesterday, a newspaper reported. The
      AFP  -  483 words
    • 369 9 SHANGHAI Scholar estimates damage to account for up 4% of'9B GDP AFP DAMAGE caused by China's summer floods and other disasters are expected to cost as much as 300 billion yuan (5562.4 billion) or up to 4 per cent of the gross
      AFP  -  369 words
    • 192 9 BEIJING Reuters TWO senior bank officials in China's eastern Shandong province have been jailed for bribery, the People's Daily said yesterday. Wang Jianting, former director of the Shandong branch of the China Construction Bank, was sentenced to 13 years in prison for
      Reuters  -  192 words
    • 67 9 [BEIJING] Foreign ministry workers taking time during lunch to practise a form of tai chi to stimulate circulation, relax muscles focus the mind and relieve stress in Beijing yesterday. Chinese doctors have set alarm bells ringing about the rapid proliferation of high blood pressure in China,
      AFP  -  67 words
  • Page 9 Advertisements
    • 3 9 Classified Classifications 52-193
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    • 204 9 PSnMum-H IS IT YOU THEY'RE STARING AT? OR IS IT YOUR THINKPAD? f IBM THINKPAD SERIES ThinkPads turn heads. But why? Maybe it's the award-winning designs, like the ultra-slim 560 and the ultra-stylish 600. Could be the choice, from the cost-effective 380 to the all-singing-all-dancing 770. Perhaps it's the reliability:
      204 words

  • ASIA
    • 410 10 NEWDELHI There's no one to challenge Rajiv's widow: analysts AFP ITALIAN-BORN Sonia Gandhi has belied her political inexperience by stamping her total command on India's main opposition party following a key strategy session, analysts said yesterday. The widow of former prime minister Rajiv Gandhi
      AFP; FILE PHOTO  -  410 words
    • 317 10 CANBERRA But economists see unemployment rate staying at &3% Bloomberg Reuters AUSTRALIAN Prime Minister John Howard said a report showing job vacancies at an eight-year high is proof economic growth is still gathering pace. "They are very good figures," Mr Howard said. "They
      Bloomberg; Reuters  -  317 words
    • 234 10 TOKYO AFP JAPAN'S ruling party may raise the amount of public money it is prepared to spend to keep the country's struggling banking sector afloat, a report said yesterday. Tokyo has already set aside 13 trillion yen (*****.7 billion) of taxpayers' money in
      AFP  -  234 words
    • 328 10 COLOMBO More phone lines, cheaper PCs help increase customers Reuters IMPROVED phone lines and cheaper computers are luring thousands of Sri Lankans to the World Wide Web and industry officials said yesterday that Internet Service Providers (ISPs) were
      Reuters  -  328 words
  • Page 10 Advertisements
    • 102 10 The world can change overnight. That's why, first thing in the morning, we'll be preparing you I for the da y ahead with an in-depth coverage of all the latest world market movements making an fHnMtH impact here in Asia. Our morning programme, from 6am to 9am, includes Breakfast Briefing,
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    • 19 10 Your Sunday reading is not complete without Cats' Mews Check it out in Sunday Classified this weekend. CA.TJ&I •J
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  • Page 11 Advertisements
    • 38 11 Pacific Internet it* I IHIf Ht T Internet Service Provider HI nil SIV |HB 1997 H 1998 HTI^VBrWMVHBVpHp^PvV|9P^HMPHPHT^f9PPB^HHpnHp^VippH|7iVT{ "ltliVji MLfuij '1111 *111 CJiAI I I 1 li I»M» I> I t It Hil» ■■■MM »11[if:i j Til i
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  • THE WORLD
    • 462 12 RUSSIA IN CRISIS Dubinin criticised by Duma, acting PM for role in currency collapse AFP [MOSCOW] The embattled chief of the Russian central bank, Sergei Dubinin, tendered his resignation yesterday following depreciation of the rouble which has pushed the economy deeper into
      AFP; REUTERS  -  462 words
    • 462 12 MOSCOW Mr Yeltsin vows to resubmit the name a third time Reuters AFP RUSSIA'S opposition-domi-nated State Duma lower house of parliament rejected Viktor Chernomyrdin yesterday in a second of three possible votes on President Boris Yeltsin's prime minister-des-ignate. Deputfes voted 273 against and 138
      Reuters; AFP  -  462 words
    • 299 12 WASHINGTON LATWP SENIOR officials of the seven leading industrial democracies will meet in London this week to assess the political and economic upheaval in Russia, but they probably will not offer any new help until a new Russian government
      LATWP  -  299 words
    • 252 12 BONN Bloomberg INDUSTRIAL production in Germany rose a greater-than-expected 3.8 per cent in July, the economics ministry said, as production of cars and other durable goods surged. The advance was greater than the 0.9 per cent increase forecast by analysts in a Bloomberg
      Bloomberg  -  252 words
    • WORLD Watch
      • 81 13 AFP [BRUSSELS! European Union governments yesterday formally agreed to ban Yugoslav airlines from landing on their territory in a bid to step up the pressure on Belgrade to seek a negotiated settlement to the crisis in Kosovo. The action, aimed primarily at the Yugoslav
        AFP  -  81 words
      • 80 13 Reuters [WASHINGTON] Labour Secretary Alexis Herman said yesterday that the US economy was very strong despite the volatility of global financial markets and she was upbeat that the 10-day-old Northwest Airlines strike could be resolved. In a Labour Day interview on NBC's Today Show, Ms
        Reuters  -  80 words
      • 65 13 Reuters [BONN] German unemployment eased slightly in August, but not far enough to fall through the crucial four million level, sources familiar with data due to be published today told Reuters yesterday. The sources said the jobless total, not adjusted to take seasonal
        Reuters  -  65 words
      • 54 13 AFP [JERUSALEM] Turkish Prime Minister Mesut Yilmaz arrived here yesterday for talks with his Israeli counterpart Benjamin Netanyahu. "We are working to transform the Israeli-Turkish cooperation in the Middle East into a regional security system," Mr Netanyahu was quoted as saying by the Turksih daily
        AFP  -  54 words
    • 195 13 NEW YORK Reuters COMEDIAN Jerry Seinfeld, who held out for a million dollars a week and then pulled the plug on his television show, tops Forbes magazine's annual ranking of highest-paid entertainers, earning US$225 million (*****.7 million) this year. Seinfeld's comedian friend Larry
      Reuters  -  195 words
    • 440 13 WASHINGTON Leading Democrat declares 'crisis of the regime', calls for quick Starr report Reuters SENATOR Daniel Patrick Moynihan, a leading Democrat, on Sunday declared "a crisis of the regime" over the Monica Lewinsky sex and perjury scandal and said the impeachment of President Bill Clinton
      Reuters  -  440 words
    • 367 13 LONDON FT SEVERAL of the world's poorest countries, most of them ravaged by war and civU strife, will be offered the chance of extra debt relief under proposals to be discussed by the boards of the World Bank and the International Monetary Fund
      FT  -  367 words
    • 257 13 BONN Reuters GERMAN Chancellor Helmut Kohl said yesterday his challenger Gerhard Schroeder was full of "hot air" and deceiving voters by publicly flirting with the idea of forming a "grand coalition" with Mr Kohl's conservative party. With three weeks left before the Sept
      Reuters  -  257 words
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    • 891 13 ORACLE Applications •Tung Centre •Parkway Parade •A-Z Building •Paya Lebar Road For details, please contact owner: Tel: 437 6853 437 6872 534 3132 > v t U C.K.TANG C. K. TANG LIMITED (Incorporated in the Republic of Singapore) NOTICE TO MEMBERS (1) THE PROPOSED CAPITAL REDUCTION EXERCISE (THE "CAPITAL REDUCTION
      891 words

  • EDITORIAL & OPINION
    • 759 14  -  BOTTOMLDfE OPINION By Shahiron Sakari The writer is a Sydney-based journalist who contributed this article to BT SYDNEY'S descent into Third World status seems to be gaining speed. First a judicial investigation found that police corruption was entrenched and endemic. The clean-up on
      759 words
    • 153 14 'Suppose a civil war starts in Russia? Suppose rebel insurgents take over the port in Nigeria? Any one potentially could take us to US$l6 a barrel.' -KchidFltipitrkk a trader at Fimat USA in New York, as crude oil prices surged more than 7 per cent on Thursday,
      153 words
    • 708 14 EDITORIAL THERE is no telling how the current political upheaval in Malaysia wUI end The former deputy prime minister Anwar Ibrahim, who last week was sacked unceremoniously from both his party and government posts, has vowed to fight the political establishment Equally, it's clear that
      708 words
    • 1205 14  -  Experts warn that rice not ethnic tension, anger at the government or the restive military is the biggest threat to stability By: Mark Landler NYT IT HAS become a ritual whenever a delivery truck arrives at the Cipinang rice market in Jakarta.
      NYT; FILE PHOTO  -  1,205 words
    • 904 14 Raiormf What reform IF Russia had a government, it would be flat broke. Before being shown the door, the prior government defaulted on US$4O billion (Ss7o billion) in short-term debt money that was mostly sucked out of the country with the connivance of the ruling oligarchy.
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  • Page 15 Advertisements
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      359 words
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  • Page 15 Miscellaneous
    • 760 15 TV&RAPIO Premiere 12 By Wheel of Fortune. ffetaN 12 UiM :I>TT7iT7sraM^ o tex u* t™ r i 5.30 Pictionarv. 12.00 NN Response TV. 4no If ini mP. c° ns 6.00 News 5 Today Followed 2.00 PM TV Innovations. K, Blltz: Sesame By Can. 4.00 Nalanthana. 1 son ThoQii„o»- d„, l
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    • 174 15 CRYPTIC CROSSWORD 17 Make submission to a 1!— ■B sort of sports (7) —JlB__Ph__Ml_^H 22 Two items on the afternoon 27 111-used vehicle (7,3) 1 1 I I 28 Quiet morning? Don't you believe it! (4) 12 He'll break down the Figures YESTERDAY'S SOLUTION 29 Pool of London (10) IH[o|pi^vio|uik]eie]p^e[iJll
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  • EXECUTIVE LIFESTYLE
    • 1270 16  -  Works of Kurosawa, the Japanese film director who died on Sunday at 88, were the inspiration for many directors, says kevxn thomas KEVIN THOMAS LAT-WP AT the time of his death on Sunday of a stroke at his Tokyo home, Akira Kurosawa, who was 88,
      LAT-WP; AFP  -  1,270 words
  • Page 16 Advertisements
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  • COMPANIES & MARKETS
    • 397 17  -  437 lots traded on Ist day as Clob issne distracts investors Ry\ Siow Li Sen [SINGAPORE] The Singapore International Monetary Exchange (Simex) yesterday launched the eagerly-awaited Singapore stock index futures under a cloud of anxiety over the status of Malaysian shares traded on Clob
      397 words
    • 127 17 [SINGAPORE] Permasteelisa Pacific Holdings has won a $42 million cladding job for the Singapore Exchange Centre. The contract involves the design, fabrication, supply and installation 0f65,000 sq m of granite, glass and aluminium curtain wall. It also covers canopies, shopfronts and exterior stonework. The Singapore
      127 words
    • 891 17  -  HOCK LOCK SIEW Ven Sreenivasan SO Clob International is in its death throes. That at least will be the case for the over-the-counter trading of Malaysian shares here. For its part, the Stock Exchange of Singapore has said it will
      891 words
    • 483 17  -  Austerity measures in response to economic crisis; $3m savings expected By. Marcus Hand [SINGAPORE] Shipping giant Neptune Orient Lines (NOL) is cutting the pay of its top executives by up to 10 per cent as part of a package of austerity measures in
      483 words
    • 365 17  -  By\ Siow Li Sen [SINGAPORE] Malaysia's exclusion from the MSCI Developed Markets series one of the most widely-followed securities indices has had little impact on active portfolio fund managers, said Henry Fernandez, president of MSCI Inc. "A lot of active portfolios
      365 words
    • 179 17  -  By\ Diana Oon [SINGAPORE] Leong Hin Holdings, a construction equipment leasing and trading company, has been given in-principle approval for a mainboard listing, and listing details are expected within the month. Leong Hin, whose main business is in equipment and machinery rental, has a
      179 words
    • REGIONAL COMPANIES
      • 393 18 Bat it says no green light yet to sell 23% stake in Asia-Pac's largest Coke bottler Bloomberg SAN Miguel Corp stock surged 14 per cent on speculation the Philippines' biggest brewer will sell its stake in Coca-Cola Amatil of
        Bloomberg; FILE PHOTO  -  393 words
      • 268 18 Dow Jones/Nikkei [HONGKONG] First Pacific Co said yesterday it would invest an additional US$6l.l million (*****.8 million) worth of Philippine pesos in convertible bonds issued by its telecommunications unit. The Hongkong-listed conglomerate said it already invested U5536.7 million in Smart Communications
        Dow Jones/Nikkei  -  268 words
      • 264 18 Separate board for these instruments to be launched AFXAsia [MANILA] The Philippine Stock Exchange (PSE) plans to begin trading debt instruments early next year, PSE vice-president Jose Alcantara said. He said a separate board for these instruments, including asset-backed securities, will be
        AFX- Asia  -  264 words
      • 275 18 Plunge results from the higher cost of repaying foreign debt Bloomberg [JAKARTA] PT Semen Cibinong, one of Indonesia's three biggest cement companies, said it plunged into a 10.36 trillion rupiah (SSI.6 billion) loss in the first half, as it wrote off
        Bloomberg  -  275 words
      • 379 18 Reuters [HONGKONG] Hongkong conglomerate First Pacific Co Ltd said yesterday it had taken provisions of US$236 million (*****.8 million) in the first half of 1998, including the entire cost of its holding in an Indonesian mobile telephone company. First Pacific said it took
        Reuters  -  379 words
      • 449 18 No single dominant shareholder for Niaga after sale Bloomberg [JAKARTA] Indonesia's Tirtamas group, controlled by Hashim Djojohadikusumo, sold a 30 per cent stake in PT Bank Niaga to a group of institutional investors. A Tirtamas spokesman said on Friday he didn't know
        Bloomberg  -  449 words
      • COMPANY Briefs
        • 83 18 [SINGAPORE] Singapore Technologies Industrial Corporation (STIC) and Sembawang Corporation yesterday said in a Joint statement that holders of ordinary shares in both companies have voted for the proposed plan to merge STIC and SembCorp under Section 210 of the Companies Act, Chapter 50. The merger is expected
          83 words
      • 60 18 AS a result of a data entry error, our share information service page on Aug 31 indicated wrongly that Seet Keong Hoe owned 161,622,000 DBS shares on Aug 14 after having sold 49,000 shares. The shares were in fact held by DBS Nominees and had nothing to
        60 words
      • 549 19 Sale to cover Japan, US, Europe, S'pore; shares in mobile nnit also to be sold Bloomberg [TOKYO] The Japanese government plans to sell a fourth tranche of shares in Nippon Telegraph Telephone Corp to the public as soon as December, said
        Bloomberg  -  549 words
      • 557 19 Aussie newspaper publisher cites jump in ads, circulation Bloomberg [SYDNEY] John Fairfax Holdings Ltd, an Australian newspaper publisher, said second-half profit rose an expected 32.4 per cent, boosted by a strong rise in advertising and circulation. The company said it reported a second-half
        Bloomberg  -  557 words
      • 161 19 AFP (TAIPEI] US giant International Business Machines Corp (IBM) is to team up with Taiwan's Pacific Electric Wire and Cable Co in a NTSSO billion (552.5 billion) joint venture here to manufacture computer chips, officials said yesterday. "IBM is to provide technology and
        AFP  -  161 words
      • 376 19 Chief says brewer offered one acquisition opportunity a month Reuters (SYDNEY] Economic turmoil in Asia had created opportunities to acquire breweries in the region, Lion Nathan chief executive Gordon Cairns said yesterday. Mr Cairns said Lion Nathan's tie-up with Japan's Kirin Beverage Corp had
        Reuters  -  376 words
      • Article, Illustration
        53 19 [TOKYO) Japan's electronics giant Sony employee Suzuyo Suzuki displaying the world's smallest and lightest mini-disc player "MD Walkman MZ-E55" (left) and a mini-disc at the company's headquarters in Tokyo yesterday. TheMZ-E55, measuring 79.7mmx71.9mmx14.9mm and weighing 80g, will be put on market next month with a price of 38,000
        AFP  -  53 words
      • 151 19 Bloomberg [JAKARTA] PT Indorama Synthetics, an Indonesian maker of yarns and polyesterbased textiles, said first-half profit plunged 94 per cent as "other charges" surged. Profit fell to US$l.B6 million (553.2 million), or 1 US cent a share, from US$3l.7 million, or 10 US
        Bloomberg  -  151 words
    • INTERNATIONAL COMPANIES
      • 191 20 Bloomberg [LONDON) Smiths Industries pic, a UK aerospace and medical products manufacturer, said it's in talks to buy Biochem International Inc (BCI) for about US$B3 million (*****.2 million) to expand its product range for small hospitals and clinics. Smiths said it plans
        Bloomberg  -  191 words
      • 428 20 Privatised firm sees profit falling by a third over cuts in call charges FT [AMSTERDAM] KPN, the privatised Dutch telecoms operator, has called its own future into question after the national industry regulator demanded cuts in its call charges. "The continuity
        FT; FILE PHOTO  -  428 words
      • 165 20 Reuters [LONDON] Anglo-American car parts supplier LucasVarity pic is thought to have tabled a £1 billion (552.9 billion) bid for a US car parts business in a deal to be unveiled in the next few weeks, the Sunday Business said. The
        Reuters  -  165 words
      • 212 20 It is looking to complement alliance with C&W of UK Bloomberg [ROME] Telecom Italia SpA said it is exploring possible alliances with some 20 foreign companies, even though it dismissed a newspaper report that director-general Francesco De Leo is in the US
        Bloomberg  -  212 words
      • 503 20  -  BSkyß to make £575 m takeover, says Murdoch paper From. Neil Behrmann in lymdoti MANCHESTER United's shares soared 27 per cent to 202 pence yesterday on news that BSkyß, Rupert Murdoch's satellite broadcaster, would bid for the football club. The Times,
        503 words
    • FINANCE & COMMODITIES
      • 405 21 Company brochure says it's building the world's first digital investment bank Bloomberg SCMP [HONGKONG] Andre Lee, a former bond trader who was a centra] figure during the collapse of Peregrine Investments Holdings Ltd, has resurfaced as the head of an electronic investment advisory
        Bloomberg; SCMP  -  405 words
      • 280 21 Denial follows report that AMI plans to buy 51% stake in it Bloomberg [MELBOURNE] National Mutual Holdings Ltd, Australia's second-largest life insurer, said it is not in discussions with Australia and New Zealand Banking Group Ltd or any other company over a
        Bloomberg  -  280 words
      • 249 21 Bloomberg [SYDNEY] St George Bank Ltd managing director Ed O'Neal said the regional Australian bank is unlikely to face a takeover bid because no company would want to buy it while it is integrating a bank bought in 1996 and overhauling
        Bloomberg  -  249 words
      • 241 21 May invest Asloom in a bank, take controlling stake Reuters [MELBOURNE] National Australia Bank Ltd (NAB) could soon take an equity position in one of Thailand's banks with a potential investment of up to AJIOO million (*****.2 million), the Australian Financial Review
        Reuters  -  241 words
      • 120 21 AFXAsia (HONGKONG! Cheung Hwa Development Holdings has ceased trading in the securities market, deputy chairman Cheung Yu Shun said. In a statement, Mr Cheung said the decision was made based on the recent economic developments in the region, including significant fluctuations in the
        AFX- Asia  -  120 words
      • 407 22 Both concerned over Japan's recession, emerging markets' troubles Bloomberg [TOKYO] Nomura Securities Co, Japan's largest brokerage, may have its ratings cut by the two biggest US creditrating companies on concern Japan's recession and troubles in emerging markets will hurt its earnings. "A deterioration
        Bloomberg  -  407 words
      • 390 22 FT [LONDON] The battle for supremacy in the European derivatives industry has intensified with two leading rival exchanges revealing they are seeking further alliances to strengthen their positions. The London International Financial Futures and Options Exchange (Liffe) is in talks with the London
        FT  -  390 words
      • 52 22 [BOMBAY] A customer checking a 10 tola (116.64 g) gold bar at the State Bank of India's exclusive counter for gold sales yesterday. The bank plans to open 50 more counters all over the country before the Deepavalifestival next month when gold sales peak in
        AFP  -  52 words
      • 375 22 Price tag for Albert E Sharp said to be more than £40m FT [LONDON] Old Mutual, the South African life assurance group, is set to increase its expansion into the UK by acquiring Albert E Sharp, a big firm of regional
        FT  -  375 words
      • 196 22 Bloomberg [SEOUL] Hana Bank and Boram Bank will announce today details of a merger which will turn them into the country's seventh largest bank in terms of assets. "We have agreed on all merger terms, except for eq-uity-exchange ratios," said Lee Jeung Lak, general
        Bloomberg  -  196 words
      • 244 22 'It's time for clarity' theme to focus on information overload FT [LONDON] KPMG, the global professional services organisation, was set to launch yesterday a US$6O million (Sslos million) a year advertising campaign the latest of the so-called Big Five firms to pour millions of
        FT  -  244 words
      • 233 22 Reuters [TOKYO) Key December 10year Japanese government bond futures ended higher yesterday on a puzzling flurry of large-lot buys which traders attributed to foreign hedge funds. "Some life insurers and city banks have bought the 200 series 10-year bonds," a senior trust bank trader
        Reuters  -  233 words
      • 165 22  -  MS&TAIWAM FUTURES Cecilia Loh Cecilia Loh, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures rallied for three consecutive days at a diminishing rate posting a gain of 4.20 points following the announcement of the Taiwan government's stock stimulus plan. The Taiwan Stock
        165 words
      • 277 22 ENERGY REPORT Bloomberg [LONDON] Crude oil prices rose on hopes that Saudi Arabia's and Venezuela's oil ministers will take steps to ease ovefsupply, and because a war might break out between Afghanistan and Iran, disrupting supplies. Venezuelan Oil Minister Erwin Arrieta said he
        Bloomberg  -  277 words
      • 287 22 AFP London THE US dollar dived further yesterday against most key currencies in a trend kicked off by speculation of US interest rate cuts and exacerbated by Wall Street's close for a public holiday. Only the pound gave the dollar some company, following the greenback down against the
        AFP  -  287 words
      • Article, Illustration
        1198 22 DfTERBAME CROSS RATES IsetT? AS Cj ECU Ffr IH.>KhWmUk Tw W- In Nw S$ iwi Kr M7S 0*1 N—t USS 55 5W LlH 4311-OXIfl ***** 0.780 7.950 2249 U6J-***** 25.581 1026 3436 0.839 20.412 24.069 02S4 OJR <£"*• i4 69 0.578 1W) 1.136 1105 28.027 ***** 0.869 8.850 2.503 1295
        1,198 words
    • 1668 23 SIOOMrOTOEBg Sep *"*■> KSI twfa/N) Ctost VqJwm Opt# Hiffc Uwr Sttt (tww>) Iwttrtrt Oct 96 114.50 1075 fl7 50 n7 M "7.00 «00 WO H8.25 T18.25 TT7.75 (00 M50 '20.75 120.73 120.25 2250 1950 125.00 125.00 124.50 3900 1950 ■W/Stp 99 129.00 150 RSS 3 CONTRACT (US cwtVM)
      1,668 words
    • 2240 23 LOHPOH (rtdti s t rijl J s«» 7 p«k* 31 Group 518.000 3.000 AB Ports 281.000 6.000 Abbey Nat ional 1140.000 54.000 Allied Oomecq 512.000 12.000 Anwc 151.000 unch Asda Croup 186.000 unch BAT mo 577.000 -3.000 BGP1C 358.000 2.000 BICC 88.600 1.600 BOC Croup 805.000 22.000
      2,240 words
    • 1649 23 Bloomberg Q Nikkei 225 +747J5 JAPAN'S Nikkei stock index surged 5.32 per cent, its biggest one-day jump in nine months, as public and private pension funds bought futures contracts to pull the benchmark up before companies close their books for the half year on Sept 30, traders and investors
      Bloomberg  -  1,649 words
    • Article, Illustration
      1487 24 Reuters HONGKONG stocks finished sharply higher yesterday on short-covering triggered by a firmer yen and lower interest rates after the government moved to boost liquidity in the banking system, brokers said. The blue chip Hang Seng Index jumped 588.29 points, or 7.86 per cent, to close at 8,***** It
      Reuters  -  1,487 words
    • Article, Illustration
      582 24 Reuters AFXAsia PShaghenß Index +L 46 SHENZHEN'S hard currency B shares closed higher yesterday, inspired by soaring Hongkong stocks and a firmer Japanese yen, analysts said. The B Share Index rose 1.46 points, or 2.38 per cent, to 62.89 on turnover of HK$35 million, growing from HK$32 million on
      Reuters; AFXAsia; Source: Credit Lyonnsis Securities(Asia) Ltd  -  582 words
    • 342 24 AFP gWPMer +16J2 TAIWANESE share prices closed 0.7 per cent higher yesterday as investor confidence rebounded on sharp gains late last week and the Hongkong bourse's performance in the morning, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 45.02 points to 6,800.73. Turnover amounted to 2.65 billion
      AFP  -  342 words
    • 233 24 AFP fl Wellington -Ml NEW Zealand stocks fell 0.5 per cent yesterday as market heavyweight Telecom Corp went ex-dividend. The NZSE-40 Capital Index lost 8.41 points to 1,780.66 on turnover worth NZ$B7.6 million. Telecom fell six cents to NZ57.74 as it went ex-divi-dend.—AFP i *t- r—i Banking ta33 0
      AFP  -  233 words
    • Article, Illustration
      769 24 AFP QSETMn *1125 THAI share prices soared 6.4 per cent yesterday in line with firmer regional markets amid renewed buying in local banking and finance stocks, analysts said. The gains were not based on economic fundamentals and whether the rally is sustainable depends mainly on regional factors like the
      AFP  -  769 words
    • 392 24 AFP H Composite late +1131 SOUTH Korean share prices ended yesterday 3.9 per cent stronger as sentiment was buoyed by gains on other regional bourses, dealers said. Foreign-led buying in the futures pulled up large capitalisation stocks ahead of Thursday's September deadline for contract maturity. Overseas investors helped bolster
      AFP  -  392 words
    • 574 24 AFP rl AD Primaries -»€EL2 AUSTRALIAN shares surged 2.6 per cent yesterday amid signs of returning optimism fired by stronger Asian markets. The benchmark All Ordinaries Index gained 65.2 points to finish at 2,569.2. The All Resources Index rose 35.7 points to 1,002.1 and the All Industrials Index rose
      AFP  -  574 words
    • Article, Illustration
      740 24 Bloomberg AFP PI Composite Index +1035 INDONESIAN stock prices closed 3 per cent higher yesterday on a technical rebound and expectations that the US Federal Reserve might raise interest rates, dealers said. The Jakarta Stock Exchange Composite Index ended the day up 10.25 points at 335.81. The rupiah was
      Bloomberg; AFP  -  740 words
    • 294 24 AFX-Asia ♦27.55 SHARE prices closed higher in line with regional markets amid government assurances it will not impose currency controls to revive the economy, dealers said. The Composite Index closed up 27.55 points or 2.4 per cent at 1,186.93 after touching a low at 1,136.96 on volume of 185
      AFX-Asia  -  294 words
    • KUALA LUMPUR STOCK MARKET
      • 363 25 AFP Reuters Q Composite Index +81.62 MALAYSIA'S key stock index ended 22 per cent higher yesterday, boosted by heavy local retail buying which pushed the market to artificially high levels, dealers said. The Kuala Lumpur Stock Exchange 100-share weighted Composite Index surged 81.62 points
        AFP; Reuters  -  363 words
      • 8990 25 INDUSTRIALS Consumtf products u >-•*♦ Vol Day Net Cap 4*" Company m OOO High Law P/C $mM 19 n "»oto 230 10 50 260 230 12.7 93.2 'J® 4n 9|>«« 68 18 347 82 60 1.6 100.3 f 22 171 21 6 180 171 5.9 68.4 Land 255 55 83
        8,990 words
    • WARRANTS & OPTIONS
      • 176 26  -  WARRANT WATCH By Louis Beckerling WARRANTS were In big demand on the back of a surge in share prices yesterday and provided no fewer than 15 of the top--20 gainers on the market. Among the biggest gains posted by penny warrants was
        176 words
      • 3232 26 I—I Va i Bay Last Owl* A *9 »t— fimm m ««r rooot MN» l— bmvqc 233 4 m 3000 w AMOB C53H*****6 8 uw 2 5 3 31*0 A Acar ******1 US$ 3 3 6 95 5 3M4 Acmi ******4 6 *0.5 36 t 6 S3 63 6 3161
        3,232 words
    • 6060 27 Transaction date: S»-p 7 6f Of M Wt Laat Va« Oar LastOuata «v Mr VM Nat Cap Avg —~5 »«M> C8MB—y HH COOP) Nm> Law Bwyar Mj» Cw M »mS Met ■*n M0UITVV II. f? 5 m WOO AcmaSOc 60 *3 >41 62.5 55
      6,060 words
    • 1156 27 Of Or MWt Laat M Day Last Ovate Of* My yw Mat Cm Am L >w «a» COOP) HHP Law Bayer laOar Cw P/I %£t Prtf 2*3 30 2049 AS Auto 10c S5 cd »T1 1608 40 45 MJ 55 IS.M 73 27 5_2 ua u jy *'5 5S
      1,156 words
    • STOCK EXCHANGE OF SINGAPORE
      • 213 28 Stocks VoiwM Keppel Land50c 13.665.000 IPC Corpn 5c 13.270.000 DBS Land 12.252,000 Panpac Media 5 8,753,000 Wing Tai 25c 8,161,000 OCBC Foreign 7,801,000 liXintOc 7,665,000 ST Capital 25c 6,746.000 Keppel Corp 6.674,000 ChewEuHock 20c 6,657,000 Stocks OCBC Foreign 31,568,331 UOB Foreign 26,007,682 DBS Foreign 21,251,302 DBS Land 13,096,084 City Dev
        213 words
      • 730 28  -  STOCK MARKET COMMENTARY Rally could be short-lived as gains not based on positive underlying economic fundamentals By Louis Beckerling [SINGAPORE] Speculators scrambled to cover short positions on the local stockmarket yesterday, driving share prices higher across the board. But the welcome respite
        730 words
      • ON THE GRAPEVINE
        • Article, Illustration
          55 28 THIS isn't a picture of a bunch of adults sitting for an exam, but worried investors of Clob shares. The picture was snapped at the office of GK Goh, which thoughtfully provided tables and chairs to the relief of the large crowds that showed up at the broker's
          ARTHUR LEE  -  55 words
        • 98 28 UNIT trusts aren't supposed to be terribly volatile, but Investors in Nicholas Applegate's latest offering, the Global 100 Growth Fund, have seen the value of their Investment plunge some 15 per cent to 85 cents on the bid side, while the offer price stands at 89.5 cents, at
          98 words
        • 62 28 TALKING about the US stock market and all the volatility over the past few weeks, a piece of research from Deutsche Bank commented that at the end of August, the US stock market had no negative impact on consumer confidence. "Perhaps, people have yet to see
          62 words
        • 98 28 CURRENTLY, there is no serious water shortage In Singapore—thanks to the weather phenomenon, S! Nina, which brings plenty of rainfall tothls region. Nevertheless, the government is carrying on a campaign to drive home the importance that water Is a precious asset that should not be wasted Many
          98 words
      • Article, Illustration
        61 28  -  -by Shiv Taneja COMFORT Group closed four and a half cents higher yesterday at 26.5 cents on a volume of 4.75 million shares, compared with its 10-day traded average of just under •700,000 shares. The longer term outlook continues to remain positive. However, in the short term, the
        61 words
  • Page 17 Advertisements
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  • Page 18 Advertisements
    • 1076 18 GPE Industries Limited (Incorporated in the Republic of Singapore) Notice Of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at The Pan Pacific Hotel L„ y 3 7 Raffles Bou,evard Marina Square, Singapore *****5 on 22 September 1998 at 10
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    • 26 18 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. tCall C.A.T.S. at 1800-737-1166. Another Classified B«rvto«
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  • Page 19 Advertisements
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      134 words
    • 76 19 W /K? V mm m -%Vtv W] m 1 I o\^ <s'| j H v j V Bay about Vacheron aexcgptional -f 'j? 'V .V* J •><?■<; *'Tr.-- VACHERON CONSTANTIN The world s oldest watch manufacturer Geneva, since 1755 fi Authorised Retailers Cortina Watch Tel: 339 9185 Roy Eastern Watch
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  • Page 20 Advertisements
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  • Page 21 Advertisements
    • 89 21 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. For
      89 words
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  • Page 24 Advertisements
    • 73 24 j calling about See...l j The card I the computer you this was a J making for Susan I advertised in J deal. Yup, we got what V is going to be J Straits Times 1 Jwe wanted because real nice! 11 t \L 1 of the wide choice I
      73 words


  • Page 26 Advertisements
    • 117 26 Trading in Malaysian stocks on Clob remained suspended yesterday Make mountains out of molehills. \\ML M With so many fine educational and upgrading opportunities in The Straits Times Classified daily, it's no wonder our readers are inspired rpJ~W m to scale the heights of knowledge. Advertise in the Education/ Training
      117 words

  • Page 27 Advertisements
    • 67 27 f Hello? I'm calling about\ m a PPV j your advertisement in great...lust like found my pet through The Straits Times Classified... I I the ad J I The Straits Times Classified. I y° u still have the puppy... described. m going to e rcal B°°^ fIK c nght Tf
      67 words

  • Page 28 Advertisements
    • 598 28 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 NOTICE lH Philippine National Bank USD 100 mio Negotiable United Stales Dollar Floating Rate Certificates of Deposit due in June 1999 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the interest period from 8 Sep 98
      598 words
    • 397 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 TULLETT A TOKYO INFORMATION SERVICES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company convened and held at 10 Anson Road #16-11, International Plaza. Singapore *****3 on 3 September 1998. the following resolutions were duly passed:
      397 words
    • 1099 28 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 ANO DMT ENTERPRISES (S) PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting ot the abovenamed Company convened and held at 141 Middle Road #05-03. GSM Building. Singapore *****6 on 31 August 1996, the following resolutions were duly passed 1.
      1,099 words
    • 677 28 In the Matter of The Companies Act, Cap. 50 And In the Matter of DAI FU TECHNOLOGY PTE LTD (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING-UP FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act. Cap 50. that the FINAL MEETING of the Members of the
      677 words
    • 361 28 THE COMPANIES ACT, CAP 50 BIMA INVESTMENT PTE LTD (In Liquidation) At a general meeting ol BIMA INVESTMENT PTE LTD duty convened and held on the 3rd day of September, 1998 the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant to section 290(1
      361 words

  • SHIPPING TIMES
    • 284 29 Bridge News Reuters TRADING was quiet ahead of the Labour Day weekend with a few handy-sized grain cargoes covered, although details remained elusive. A couple of Panamaxes were said to have been fixed for short periods, but details were sketchy. TIME-CHARTER: Brokers reported the market was "super busy"
      Bridge News; Reuters  -  284 words
    • 294 29 r ooo a m CWT attribution 0JO *0.07 15 Chuan Hup 0.313 *0.03 260 Coeco Investment ._0.41 Freight Links 0.15 *0.023 417 08 Holdings 0.22 *0.015 13 Hal Sun Hup OJO *0.085 2182 Hitachi Zo»*p 0.52 *0.025 146 IMC Holdings HK 5.60 Java Holdings 0.38 unch 16 Jurong
      294 words
    • 463 29  -  Hyundai, Samsnng, Daewoo, H&qjin and Halla expected to discuss mergers By Felix Chan [SINGAPORE] South Korean shipyards may be heading down the road of consolidation following a landmark accord last week on the industrial restructuring for the country's five largest conglomerates. Government and
      FILE PHOTO  -  463 words
    • 292 29  -  From. David Taylor in Hongkong EXPANSION into the world market has boosted Guangzhou Shipyard's industrial output to 970 million yuan (*****.7 million) for first six months of this year, an increase of 25 per cent. Guangzhou Shipyard will continue its efforts to
      292 words
    • 57 29 [MANILA] A job recruiter holding a list of job vacancies is surrounded by Filipino seamen looking for employment opportunities near Manila's central Rizal park yesterday. Filipino seamen continue to work for the international shipping industry, which has been a source of job opportunities as Philippines' unemployment
      AFP  -  57 words
    • 325 29  -  By Marcus Hand [SINGAPORE] The International Group of P&I Clubs and the European Commission (EC) are expected to approve amendments to the International Group Agreement (IGA), exempting it from the Commission's ant-trust rules. The International Group has agreed to fresh proposals which it
      325 words
    • 941 30 aviation industry Earnings are plummeting and Boeing and Airbus have slashed prices in a fierce battle for market share Bloomberg [LONDON] THREE years into the steepest surge in jetliner production in aviation history, earnings at the world's two biggest aircraft makers are plummeting. Boeing Co and
      Bloomberg  -  941 words
    • 234 30 PAGE Deimas 4 ACL 9 0)* Ltoyd 9 ANL 3 Dongnama 3 Accord e ECl 5 Appenship 5 E»ergreen 6 Astro 3 FoongSun 8 Austral 9 G L,n 1 4 BSA 7 Gemartrans 8 Bayswater 6 Genshpg 9 B tang Mas 8 HaiSunHup 8 CCNI 7 Hanqli
      234 words
    • 22908 38 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT TUESDAY, SEPTEMBER 8, 199* AtfvwttMr VMM VOW* T*»pHon« I CTA ETA K<H»rtn* Vttwt Voy*4* Tttapftocw I ETA CTA AOvtrttWf v HUI ETA IT A Advartlsar VnM Voyaga TalapHona ETA ETA A&vrtn* Vnul Voy«g» Tataphona SIN Dast'n Nam* H*m» NumOar Num6ar SIN Dnfx Nam Nww NinOai
      22,908 words
    • SHIPS IN PORT
      • 737 43 Vms 1 »py *o Berth Arrival Dtparturi i"* 05/98 Ho alongside 07 09/2359 f B£P96 jot alongside 07.09/2359 *****6 J01 MntsDl 06 09/0600 ■J"W«rt S£P7 JO) alongside 06.09/0700 1596 JOl ikmtSKk 07.09/2300 J* <■ *****6 JOl alongside 07 09/2000 F *2 J14 alongside 06 09/0700 MW Premium *****P
        737 words
      • 1721 43 BECEIVIMO OF EXPORT Fg CONTAINERS AND LCI CUM Booktnq/BtUnce Rstls Ship Voy No Etb/Btr Portod From To From am a** too nnooo u 07/1500 07/1459 07/1900 8 07/1500 07/1459 07/1900 U 07/1700 00/0659 04/0900 07/1700 04/0459 04/0900 3 04/0700 04/189 04/1400 4 00/1200 04/1459 00/1700 AUm»JY« 2 4249*
        1,721 words
      • 197 43 Sap 7 Canada: Labour Day. Hong Kong: Day following Midautumn Festival. United States: Labour Day. Bap 15 Japan: Respect of the Aged Day. Sep 18 Mexico: Independence Day. Bep 23 Japan: Autumnal Equinox Day. Sep 24 South Africa: Heritage Day. Sep 28 Hong Kong: Chung Yeung Festival. Taiwan:
        197 words
      • 693 43 THIS report. compiled by Cockett Marine OU Ltd. ■hows price ranges In US dollars instead of single prices for a more comprehensive description at the market Prices shown are baaed on average-soed stem Market movements are indicated The Cockett Bun ker Price Index change and the
        693 words
      • 389 43 Ctrtm MO Mu 992.0 2.8 19.9 O K 342 0.07 Sw OMSitv Motor »*sMm Ask MbMm Siteiit Ho «6ow E25 2 4 M 3 3 0 rrj" 380 AM 988.1 04 15.4 0.07 31 0.03 t™. 380 Mu 992.0 0.9 19.2 O.n 87 0.28 W1 %y/»
        389 words
    • AIR&LAND TRANSPORT NEWS
      • 513 44 SWISSAIR CRASH Discovery will help in reconstructing flight profile of aircraft daring its final moments Reuters [HALIFAX, Nova Scotia] Divers on Sunday retrieved the flight data recorder from Swissair Flight 111, which crashed into the Atlantic Ocean last Wednesday night, killing 229 people, a Canadian air safety
        Reuters; REUTERS  -  513 words
      • 378 44 AFP [HONGKONG] The enquiry into the chaotic opening of Hongkong's new airport began yesterday with a top aviation official saying he had raised concerns about the computer system more than a year ago, RTHK radio reported. Director of Civil
        AFP  -  378 words
      • 243 44 Bloomberg [CHICAGO] Northwest Airlines Corp and its striking pilots union recessed their meetings led by a federal mediator in Chicago with an agreement to resume the discussions tomorrow in Minneapolis. The National Mediation Board convened the "exploratory" two days of meetings with Northwest and
        Bloomberg  -  243 words
      • LOG Book
        • 83 44 Reuters [SHANGHAI] China's Hainan Airlines Co has invested 200 million yuan (Ss42 million) in the construction of a new airport in the southern province of Hainan, the Shanghai Securities News said yesterday. The Haikou Meilan Airport, with registered capital ofBoo million yuan, was scheduled
          Reuters  -  83 words
        • 46 44 AFX-Asia [JAKARTAJPT Sempati Air said it will seek to resume regular international operations through its Guangzhou-Medan-Jakarta-Denpasar-Perth service by October, managing director Subagiyo said. Bisnis Indonesia quoted Mr Subagiyo as saying the airline is preparing itself to serve international routes again.
          AFX-Asia  -  46 words
        • 83 44 Reuters [HONGKONG] Barclays Bank pic said yesterday it had signed a U5563.75 million export credit finance lease facility as part of a US$95 million (*****.2 million) lease facility to CNAC-Zhejiang Airlines to finance the acquisition of two Airbus A 320-200 aircraft. The facility comprises a
          Reuters  -  83 words
      • 1806 44 CITY FLIGHT ETA FLIGHT ETO S***** 0835 IH6373 2350 MataM* 8A7381 1930 8A7382 2055 LHTTS 1610 S026 2350 0F81 1930 0F82 2055 W4578 1610 LH779 2359 $0229 2220 S***** 1610 N***** 2359 Amstartaai N***** 0755 M.844 0040 OWX i< $***** 2359 S0327 0755 KL838 2300 F*ku«ka
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  • Page 29 Advertisements
    • 420 29 Airplane orders drying up Earnings are plummeting and Boeing and Airbus have slashed prices in a fierce battle for market share. Page 2 People Keppel Marine Industries Limited has appointed Lt-Col (NS) Willie Tan Yoke Meng to its board of directors effective this month. Lt-Col Tan is the deputy secretary
      420 words
    • 222 29 Swissair flight recorder found Discovery will help in reconstructing flight profile of aircraft during its final moments. B&ok Page new business! Pn^C;» Booking deadline L iosep«mb«r9B j MARTECH 98 I International Conference Exhibition on Maritime Safety Resource Management 2000 (organised by Singapore Polytechnic and Maritime Port Authority of Singapore) I
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  • Page 32 Advertisements
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    • 458 34 NANTAI LINE FULLY CONTAINBHSa SOVKI TO I MAURITIUS SOUTH ARKA II I VOT I SW 1 m 1 K» I (FT I I/lIT II mmrßKi im ivw a/w c/ii mmmans tws an b/i> >/n io/io iyio 11 couiaumGow tm ww m/h 12/10 14/10 II tUMSACASTBIA TOOK oi/1« 15/10 H/10 23/10
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  • Page 35 Advertisements
    • 440 35 JBSA jl mm MYANMA pHHk FIVE STAR LINE (Myonmar National Lin«) Loading for Yongon (Rangoon) WSa VOY SIN PKI PEN PGU yTT w nw sio PATHEIN sow SU) MAIATSIA AGENTS: BOWTEAD SHIPPING AGENCIES KUL 18. (03) *****00 PKI: IE (03)*****01 PEN: TO (04) *****02 PGU: m (07)*****21/4 M BANK LINE
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    • 1111 35 HMNE= HYUNDAI MERCHANT MARINE CO., LTD. IvBSH VOY ISW I SOU Ital RW I AWJ HAW I RRV I re] ivcsa VOTI 50M I IB! RTRI lAW I MAM IMI in f I HY AORURAI 315W 10/09 21/09 03/10 30/09 01/10 NOIIOUTI OORI ji/S 22?S U/S ii/ 08 jJTSo NOICORAI
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    • 40 36 I LNS Exp RESS (S) PTE LTD Btk 217 Henderson Road, #01-04 Henderson Industrial Park, Singapore *****5. CR NO: *****94C000/H Air-Sea International Freight Forwarder* MANILA I Also accepting Heavy Lift A Project Cargo Tel: 65-276 7996 Fax: 65-276 3740 I
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  • Page 37 Advertisements
    • 423 37 INDONESIA NATIONAL LINE TO EUROPE 1 EXPRESS SEMt-COWTAINERfSEO SERVICE m I *0Y I'WWf I AOAM/WOAM H tUWG 555 ANTWERP VEttfL JgjjoJ Wl< MMT IS/11 TO AUSTRALIA "T WILL CONTAINER SERVICE wr BnST w m tw m w» m w ia nwiaw mm am vm tvn*m PMIBmOTBIWIMWI 111 17** IM* MM
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    • 871 37 ADVANCE CONTAINER LINES (PTE) LTD A 1 I 140 Cecil Street, #12-00, PIL Building, Singapore *****0 TEL: *****21, FAX: *****19, TELEX RS ***** ACLPL CR NO. **********0E OPERATIONS: *****0* *****05 BANGKOK JAKARTA jWaeMr a sip pat* jjg lch/ 1 si# #mt) (»sem>e*/woe>i VESSa VOY SM MW VtSSa I VOY I
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  • Page 43 Miscellaneous
    • 119 43 LfGEND R Thunderstorm Temperature o^ V Shower Weother Wind cfcrechon with speed in knots Ran Cloudy Sky Wove height WJoc« wmdt or* indicated by arrows wtwch Hy with the wind Cl) i__ One h<* repots 5 knot, I—. .One ful Heche reptesent, 10 knots k One soW than* repress* 50
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  • Page 44 Advertisements
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